In general, women are actually better at managing money and planning the household budget. Although men give women the reputation that they like to go shopping, studies show that women have more control over income and expenditure overall than men.

Unfortunately, women still earn less than men in comparable jobs, yet men have 4% more debt. 75% of mortgages are in both male and female names. If you compare the mortgages that are only in a single name, the loan amounts for men are almost 5% higher than those for women.

In addition, men are 7% more likely to pay their loan instalments late than women.

According to surveys, men tend to spontaneously boost their purchases, i.e. they often skimp in everyday life, but then go overboard in their bargain hunting. Women, on the other hand, can programme themselves into "savings mode", i.e. they budget their household money, even if they take advantage of sale offers.

Conversely, women who are not in "savings mode", i.e. who do not have to carefully organise their money, often have no measure or goal. If their brains are set on not having to calculate every cent, they go shopping until their wallets are empty.