Men ‘believe they are in charge of finances’

British men apparently think they still wear the trousers when it comes to money issues, with 57 per cent saying they make the financial decisions in their household, a new survey has found.
The report by Halifax mortgages also found that six per cent of women agree that their partner takes the lead on fiscal decisions.
Some 36 per cent of women claimed to have the final say on money matters in their household, the study said. Three per cent of men agreed with this statement.
Younger couples were more likely to share the responsibilities for dealing with issues such as budgeting and debt management, with 59 per cent of 25 to 34-year-olds saying they consulted their partners on decisions about money.
Whoever makes the decisions in a household, it seems Britons are spending increasing amounts of time thinking about their finances, possibly causing them to take action and become debt free sooner.
A recent study for the Co-operative Bank found that on average UK adults spend 16,848 hours – the equivalent of two years – of their life worrying about their debt.
One option that may be available to people looking to improve their debt management is an Individual Voluntary Arrangement (IVA).


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