Women Are 'More Discerning' Wifh Finances
49275
Finance > Loans
Oct 12, 2007
Arouse
Women Are 'More Discerning' Wifh Finances
Women are taking a greater interest in their finances, it has been suggested. The news comes as research carried out by Sheilas' Wheels reveals that females are becoming evermore involved in money management within the household. According to the insurance company, about two out of five women (41 per cent) take sole responsibility for handling finances, which may include areas such as utility bills, credit cards and personal loans. Meanwhile, 43 per cent of respondents split such matters equally with their partners. This compares to the 16 per cent who leave managing the household purse-strings solely to their other half. Findings from the company also showed that women are becoming savvy when searching for motor insurance. Before picking an insurer, the typical woman is now spending two hours and seven minutes looking for the right policy. With this figure some 23 minutes behind the time taken selecting a Christmas party outfit, Sheilas' Wheels asserted that women are starting to lend more time to thinking about finances as they do towards fashion. Commenting on the figures, Jacky Brown, spokesperson for Sheilas' Wheels, claimed that "women are becoming more discerning customers - they want well-priced and good quality car insurance". Ms Brown also reported: "In terms of interest, we know that fashion will always win over finance, but it is interesting that women are now giving serious time and consideration to their insurance purchases and effectively 'window shopping' policies via company websites and, increasingly, price comparison sites." Meanwhile, just over a third (37 per cent) spend less than an hour choosing the insurance cover, although it was suggested that this could be due to the increasing use of time-saving price comparison websites. But with only half of respondents taking the time to check the small print of the policy to make sure what they are covered for, many consumers could come under financial pressure in terms of making repayments on loans and other areas of their finances, if they suddenly find that having an inadequate policy means they have to meet the cost of repairs to their vehicle. Research from the company also showed that when researching car insurance 41 per cent of women ask their friends on their experiences and recommendations about buying cover. Some 24 per cent, meanwhile, visit money websites and read personal finance sections from newspapers. As a result of having a more active role in both their household spending and selecting car insurance, a rising number of women could be more prepared to put their finances in greater shape for later life. However, recent research carried out by Prudential has shown that females may be on course to develop difficulties with money management in later life. The news comes as some 60 per cent of women who are currently of working age are not saving into a pension scheme with such a lack of contributions meaning that they may struggle to make payments on personal loans and utility bills as they get older. Gary Shaughnessy, managing director of retail, life and pensions for the firm, reported: "Women are the underclass when it comes to pensions."
Abbi Rouse writes for All About Loans where visitors can apply online for personal loans. We also specialise in bad credit loans, and debt consolidation loans.
send email to Arouse
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
Britons are increasingly unwilling to talk about their finances, a new set of figures has indicated.
Category:
Parents looking to meet the costs of sending their children to university should consider the impact that doing so may have on their finances, new figures show.
Category:
Homeowners could be finding themselves under increased financial pressure, it has been suggested.
Category:
The majority of personal loan customers use their borrowings to fund the purchase of a vehicle, new figures have indicated.
Category:
An increasing number of older people are struggling with their finances, new figures reveal.
Category:
Britons are showing a lack of awareness when it comes to methods of managing their debts, a new study has shown.
Category:
The Bank of England has left the base rate of interest unchanged, it has emerged.
Category:
Consumers need to adopt a more hands-on approach to managing their money, it has been suggested.
Category:
Consumers are discovering life is getting tougher when it comes to managing their finances, figures from Virgin Money have revealed.
Category:
By over-relying on borrowed money, consumers could well find their debt difficulties increasing, an industry expert has claimed.
Category:
An increasing number of people are applying for a personal loan as a means of consolidating their previous debts, an industry expert has declared.
Category:
Homeowners and motorists alike may be due to come under more difficulty in handling their money, it has been suggested.
Category:
Van owners could be well advised to ensure that they are using money from their motor loan to take out adequate insurance for their vehicle, it has been suggested.
Category:
Homeowners are increasingly looking to renovate their property, a new study indicates.
Category:
Millions of households are coming under increased financial pressure, one member of the Conservative party has suggested.
Category:
Women are taking a greater interest in their finances, it has been suggested.
Category:
An increasing number of consumers are failing to make loan repayments, new figures have revealed.
Category:
Millions of Britons are set to borrow money this year - whether this be through credit and store cards or personal loans - to fund their spending in the run-up to Christmas, an industry expert has asserted.
Category:
Other links at Finance > Loans
Home equity loans, like any other, should not be taken out for just any reason. Obviously, there are costs involved, and your equity cannot be built up overnight. There are certain conditions, though, that will make it more of a good time than others
Category:
For independent physicians or medical groups, medical receivables factoring can be a source of much-needed working capital. Factoring third party receivables allows the provider to maintain a stable flow of cash, as well as meet current obligations in a t
Category:
Millions of Britons are set to borrow money this year - whether this be through credit and store cards or personal loans - to fund their spending in the run-up to Christmas, an industry expert has asserted.
Category:
In present days, mortgage lenders are offering a wide variety of loan products with flexible payments and terms. The mortgage lenders have made available home loans to people with less than perfect credit.
Category:
It is inevitable that if you fall behind on payments for almost any loan, you will start to be hunted by a debt collector. Debt collection is a large and profitable business for them, and something you need to learn to handle. You do have rights that can
Category:
Site Sponsor
Directory Statistics
Articles: 68252
Categories: 501
Yahoo Entertainment
