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Tuesday 19.06.2018 | Name days: Nils, Viktors
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Every fourth woman hides her purchases or their prices from husbands

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Two thirds of Latvian women plan their family’s budget, taking on full responsibility of the family’s financial state on their delicate shoulders.

Men are considered to be the main earners in Latvian families – 51% of women and 44% of men agree with this statement. 35% of men believe their wives earn as much as they do, while women are less equal in their thinking – only 28% of women see themselves equal to men in this regard.

22% of women say they are the ones who plan their family’s budget. Only 9% of men share this opinion, according to the data from the Swedbank Private Finances Institute.

“Women tend to address the issue of money in relationships more often than men. And the lack of money causes arguments and fights for women more often than it does for men. This explains why women are more eager to take on the responsibilities of the family’s budget planner,” – comments the Director of the Swedbank Private Finances institute Adriana Kaulina.

One-fourth of men and women believe they are well informed about their partner’s expenses. A the same time, every fourth female respondent has admitted to hiding their purchases or true prices of those purchases from their partners (25% of women and 13% of men).

“This can be explained with the fact that partners often criticize one another for excessive expenses. This often leads to arguments breaking out within families. On top of that, men are the ones to more often feel criticized the most in regard to income and expenses,” – Kaulina says.

“It is interesting that married women admit that their partners have different views on monetary issues. Moreover – the larger the family’s income, the less often they experience arguments.”

When planning their income for 2013, respondents mentioned such added income sources as tax return (32% of women and 23% of men), bonuses (12% and 9%) and benefits from municipalities (8% and 5%). When thinking about ways to increase their income, men more often come up with examples like salary bonuses, income from second jobs, and earnings from real estate transactions and renting.

Ref: 102.109.109.6443


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