It’s a fact: women manage money better than men
According to Mohamed Yumus, winner of a Nobel Peace Prize and creator of Microcredit, women are better at managing money. In terms of expenditures, investments and savings, women are wise and think ahead. In fact, microcredits are granted to 90% of women who apply for one. Think that’s a coincidence? But what are the traits that make us good administrators? Check out this short list: 1. Our friend, multi-tasking: Multi-tasking is a very specific part of our brain called the Corpus Callosum, and is a structure that connects the two cerebral hemispheres. Let’s say that our Corpus Callosum is a broad path with four channels, while theirs is just a small two-channel avenue. That means that we can do many things at once with a good chance of doing them well. That’s why we can handle managing the rent, college and house expenses and paying off debts all at the same time. 2. Longevity: According to the WHO, the difference in life expectancy between men and women is six years in high-income countries and three years in low-income ones. And this is associated with a large number of variables that make us reliable in economic matters. 3. Emotional intelligence: On average, women have a better emotional intelligence than men. Women are usually more empathic and can read what a person says with their body language. This makes us masters at uncovering deception and the bad intentions of some people. At the same time, it gives us a sixth sense as to if it’s prudent to take a credit or not. So, if you’re looking for a financial advisor, go to your mom, your partner, your grandmother and even to your daughters first. You could learn a lot from them. Do you want to read more about interesting topics like this one? Subscribe to the Family & Money Matters Institute, or follow me on Twitter and Facebook.