Author Topic: Do women or men spend more money?  (Read 1613 times)

KentBnntt

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Do women or men spend more money?
« on: July 03, 2019, 07:10:08 AM »
My wife and I often argue about this question, especially after she, in my opinion, buys a lot of unnecessary things. She always calls these spendings as the 'needs', although I consider them more as the 'wants'.

Logan Allec

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Re: Do women or men spend more money?
« Reply #1 on: July 07, 2019, 11:57:05 AM »
Hmm...this is a loaded question and obviously one that has a factual, research-based answer that I won't really delve into because, well, I haven't the done the research.

But I'm getting the gist that this post is somewhat anecdotal, so I will say that in my anecdotal observations of my married friends who maintain more or less "traditional" gender roles, the men and the women have very different perspectives on money.

I don't think this is innate as much as it is a result of circumstance.

For example, let's say that the husband has a middle class office job outside the home that he hates but that pays the bills, and the wife stays home with the children.

Now let's say this family magically comes into a passive income stream of say $20,000 per month.

How will the husband's life change, or how could it potentially change?  Drastically.  He now has, at the very least, the financial option of finding a job that may not pay as much as his current position but is more sane than his current work situation.  Or he may choose to work part-time or maybe even not at all.

How will the wife's life change?  Not so much.  She'll still be at home with the children.  Sure, if the husband takes an easier job, he will be home more to care for the children and take care of things around the house, but the change in her life will be far less drastic than the change to his life.  This is an extra $20,000 per month, not an extra $200,000.

This is one reason why I think that more men are interested in saving money to invest in passive income streams than women.

carlosrosado

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Re: Do women or men spend more money?
« Reply #2 on: July 07, 2019, 07:24:33 PM »
An interesting investigate by Haiyan Hu, Ph.D. & Cynthia R. Jasper, Ph.D of Men and Women: A comparison of shopping mall behavior (https://docsbay.net/men-and-women-a-comparison-of-shopping-mall-behavior), you may interested of:
Although the majority of today's mall shppers are women, the number of male shoppers is increasing. This article investigated the gender differences in terms of mall shpping behavior and examined whether today's shopping malls have done a good job catering to both genders. In-depth personal interviews were conducted to collect consumers' accounts of their experiences in shopping malls. Based on the analyses of consumer responses, we compared the following aspects between men and women:(1)shopping motives, (2)mall shopping behaviors,(3)outcomes of mall shopping, such as enjoyment and relevance of mall shopping to consumer's lifestyle.

Young And The Invested

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Re: Do women or men spend more money?
« Reply #3 on: July 13, 2019, 05:30:15 PM »
With a sample of 2 (my wife and I), I can say she spends more than me.  However, I'm considerably frugal, and often forgo a lot of purchases, even when they might be enjoyable and beneficial.

Some examples which come to mind are travel, dining out, and entertainment.  These are often things I overlook and tend to appreciate when she prioritizes.  Doubtful this contributes much toward the original question but thought I'd offer anecdotal evidence.
https://youngandtheinvested.com/

KentBnntt

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Re: Do women or men spend more money?
« Reply #4 on: August 22, 2019, 10:32:27 PM »
Some examples which come to mind are travel, dining out, and entertainment.  These are often things I overlook and tend to appreciate when she prioritizes.  Doubtful this contributes much toward the original question but thought I'd offer anecdotal evidence.

Oh, how I understand you! My wife also sets these priorities and sometimes I'm really thankful for that.

Sam

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Re: Do women or men spend more money?
« Reply #5 on: August 23, 2019, 09:07:10 AM »
My wife hardly spends any money. Her favorite store is Target, not Gucci, thank goodness! And even then, we only go to Target maybe once a year. She's been spending mostly on baby and toddler stuff over the past 2 years now.

It's a little tricky for us since we both don't have steady day jobs. We're also both pretty conservative. But we need to spend more now in the second half of our lives.
Regards,

Sam

Leigh

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Re: Do women or men spend more money?
« Reply #6 on: September 15, 2019, 05:20:38 AM »
Hmm...this is a loaded question and obviously one that has a factual, research-based answer that I won't really delve into because, well, I haven't the done the research.

But I'm getting the gist that this post is somewhat anecdotal, so I will say that in my anecdotal observations of my married friends who maintain more or less "traditional" gender roles, the men and the women have very different perspectives on money.

I don't think this is innate as much as it is a result of circumstance.

For example, let's say that the husband has a middle class office job outside the home that he hates but that pays the bills, and the wife stays home with the children.

Now let's say this family magically comes into a passive income stream of say $20,000 per month.

How will the husband's life change, or how could it potentially change?  Drastically.  He now has, at the very least, the financial option of finding a job that may not pay as much as his current position but is more sane than his current work situation.  Or he may choose to work part-time or maybe even not at all.

How will the wife's life change?  Not so much.  She'll still be at home with the children.  Sure, if the husband takes an easier job, he will be home more to care for the children and take care of things around the house, but the change in her life will be far less drastic than the change to his life.  This is an extra $20,000 per month, not an extra $200,000.

This is one reason why I think that more men are interested in saving money to invest in passive income streams than women.



Just curious about this statement. $20,000 a month is a lot of money. I can assure you, speaking as a woman, a financial counselor, and a mom with grown children...if we had suddenly had $20,000 extra per month, I would have hired a part time nanny so I could have gotten out of the house more. We would have eaten out a lot, taken many more trips, I would have started a company.  Trust me....women who raised their kids at home are worked to death and would see that windfall as an opportunity just as much as the dad would.