When it comes to saving, men are “fast and determined” while women take it “slow and steady”. That’s the Australian Securities and Investments Commission’s (ASIC) finding after a national survey on our saving habits.
ASIC isn’t saying when it comes to saving the guys have it over the girls or vice versa – it’s more about achieving your goals than how you get there.
Women are more likely to be saving for more than one thing, while men are focused on a single savings goal, according to Miles Larbey, ASIC’s senior executive leader of the watchdog’s MoneySmart website.
The poll found that buying or renovating a home was the top saving goal, followed by holidays, ‘the future’, an emergency fund, a car, education, household items, a wedding, or a new computer.
Source: News Limited
