Men, Women and Their Finance

What do you worry about most when it comes to your finances and debt or your credit card repayments? It seems that men and women have different outlooks and think differently about their finances. A survey was carried out to see whether men and women thought differently or the same about their finances.

Women tend to look at their current levels of debt while men tend to look to the future and are more likely to plan ahead when it comes to their finances. Women worry more about how they are going to pay off all their current credit card bills, store cards and loans along with their mortgage, shopping and living expenses with three quarters of women doing so, meanwhile less than 50% of men worry about the same thing. Only 13% of men know what their current debt levels are.

While men are laid back about their current debt levels they are better prepared for the future. Men are better at investing their money with half of all men investing in an ISA while only 35% of women are doing the same. Only five out of ten of women have a savings account with men in the lead with six out of every ten. Three quarters of men are paying into a pension for when they retire while only half of women are preparing for their retirement.

The only things that were found to be very little difference in when it came to our finances was the fact that both men and women have little knowledge of credit reports and how they work, although we think we do. Three quarters of men and women said they new what affected credit scores and how companies make their decision but nearly all got at least one question wrong when asked about credit reports. Only 5% of men and women have inspected their credit report in the last year.

1 in 4 of people asked did not realize that late payments affected your score; just over 40% of people did not know that if you have asked for credit regularly then this can also affect your credit score. Three quarters of people wrongly thought that if you had unpaid household bills that this would affect a decision made by lenders. Unbelievably, 60% of men and 67% of women thought that credit reference agencies make the decisions about credit applications, whereas it is the credit card companies, banks and other lenders that make the decision.

Knowing your credit score and understanding how credit scoring works is the only way to fully know where you stand financially and help you make better decisions about how and when you apply for credit.
About the Author

Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of interest free credit cards. For US visitors there is also the comparison site http://www.credit-cards-info.com

Written by: Joseph Kenny

Divorced And Cheated Out Of The Finance-How Smart Divorce Lawyers Are Ruining Women

Lawyers quite often boast of how there is plenty of money to be made from divorce cases. You can be sure that this is no idle lawyer talk, especially when you consider the fact that more and more lawyers are being drawn into this area of legal practice.

But even more interesting and instructive is where all the big divorce money for the lawyers is coming from?

Yep, you guessed right, its' from our pockets, yours and mine. Basically any cash paid to a lawyer, even by your ex-husband depletes the family finances and assets that may have to be sold to settle legal fees. Money that should have otherwise gone to divorced women to help them rebuild their lives with some decent finances after the devastation that usually comes with divorce. Make no mistake about it; lawyers love nasty divorce settlement cases. The nastier they are, the better for them. Lawyers are usually the only true winners in any divorce action.

When they are not helping your ex-husband to hide or understate assets, they will be busy ensuring that by the time the divorce is finally settled, most of the family assets and cash will have gone to paying for their services, sometimes leaving little or nothing for you and your children to rebuild your lives with.

Yet it does not need to be like that. You definitely deserve better. Fortunately, many women are fighting back these days and with lots of success too. It is amazing how much of a difference, taking a few simple precautions can make. Generally these important steps to secure your future have to be taken long before there is any talk of a divorce. Just the way folks take out insurance for a rainy day. You're still happy if you never need to claim on your insurance, but it helps you sleep better at night and gives you peace of mind because you know that if the rainy day, or disaster comes, you are fully prepared.

It really is a jungle out there and many women have realized that it is not a good idea to place your whole financial future in the hands of someone else other than yourself.


About The Author


© 2004-2005 Cathi Adams.

Cathi Adams is the author of "Divorce Secrets: What Every Women Should Know." This invaluable resource provides steps to ensure financial security to woman faced with the possibility of divorce.

Visit her web site for a FREE report - What You Absolutely Must Know Before You Even THINK About Getting A Divorce: http://www.DivorceDefense.com.

Written by: Cathi Adams