Women are better than men at money management because they can stick to a budget and spend less on impulse purchases, survey finds Women are better at money management than men, a survey has found They financially responsible, and are likely to set and stick to a budget The survey found men spend £11 more on impulse buys compared to womenBy Daily Mail Reporter Published: 02:03 BST, 23 May 2019 | Updated: 07:24 BST, 23 May 2019 35 Viewcomments Women outdo men at money management because they can stick to a budget and spend less on impulse purchases, a survey suggests. They are more financially responsible and more likely to know how much money is in their bank accounts. And in findings that reverse the traditional stereotype, the survey suggests that men spend more on impulse, blowing an average of £65 each month compared with £54 for women, who actually view themselves as impulsive spenders. Women are also more likely to set and stick to a budget. Women outdo men at money management because they can stick to a budget and spend less on impulse purchases, a survey suggests. It found women are more financially responsible and more likely to know how much money is in their bank accounts Some 52 per cent said they are risk averse when it comes to money, compared with 41 per cent of men. Women are also more likely to have both a current and savings account. While they are seen as better money managers, women are more likely to consider themselves to be impulsive with their spending, even though they part with less cash on these buys than men. The research also revealed three in five Britons in a relationship think their partner is good with money, and 72 per cent would say the same about themselves. But more than a third have hidden an irresponsible purchase from their other half. Iqbal Gandham (pictured), from the investment platform eToro said: ‘The study has been useful in uncovering how much the nation knows about their money and how many have actually taken action to increase their wealth’ Perhaps surprisingly, some 15 per cent of people admit they have no idea what their bank balance is. When it comes to financial risk, one in 10 would be happy to risk large sums of money for the chance of a pay-out and 44 per cent are willing to put a small sum on the line. Twenty eight per cent of those surveyed have considered investing in stocks but are yet to take the plunge, and one in four know someone who owns stock. For those who haven’t started investing in stocks, 28 per cent feel they don’t have enough money saved to get involved, and 45 per cent are put off by the risk associated with the practice. Iqbal Gandham, from the investment platform eToro, which commissioned the poll, said: ‘The study has been useful in uncovering how much the nation knows about their money and how many have actually taken action to increase their wealth.’ Share or comment on this article: All rights reserved for this news site dailymail and under his responsibility