According to a survey carried out by Lloyds TSB is September, it has been proved than women are better money managers than men. It was found that around 91% of women who handle finance at home, have assured amount in their savings. On contrary, only 82% of men are able to successfully save when they handle the household financial management. The report has proven that female control on household money management is far beneficial for well-balanced financial conditions in the family. Thus, women stay on top for handling the day-to-day money related issues and seem to be clever in setting the household budget.
A crucial decision of EU insurance has ended the gender discrimination and women will have to pay insurance premiums equal to the amount men pay. Reason why men used to pay higher insurance premiums than women before was the possibilities of accidents men met with, were higher than those by women. Men less than 35 years of age are most likely to meet with accidents due to speed driving and as a result were supposed to pay more insurance premiums than women. But today, the new European legislation has removed the gender discrimination equalizing values of men as well as women insurance premiums. Previously, men had to pay around 40% more than women but now they seem to be happy on the changes undergone.
Summer - and the living 'is easy - but what do your children know about living? In the center three months to help their children build a sense of financial responsibility. Here are some ways to teach your child about saving money in their summer vacation.