2 months ago
WOMEN ARE WORSE AT SAVING MONEY
: iStock  ~ 

Recent survey findings released by 10X Investments revealed a rather worrying trend when it comes to South African women and their saving habits.

32% of female and 24% of male South Africans feel vague and unsure about their retirement plan. That means men are almost 10% more clear on their long term investment and savings plans. It seems that men are more independent when it comes to financial decision-making, conducting research and using online resources, while women tend to rely more on financial advisors or their loved ones to give them advice.

But according to CNBCAfrica, who spoke to Lizl Budhram of Old Mutual Personal Finance, women are better at saving for short term goals like end of year treats than men are with 22% putting something away for Christmas and end of year costs compared to just 16% of men.

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