For as long as I can remember, I have always had an interest in personal finance, making money, saving money, whatever to do with money I love it.
As boring as it sounds, long before Martin Lewis, I would look foward to the day that I knew that Alvin Hall’s show Your Money or Your Life or any other show that he was presenting aired. For me this was an opportunity to get a financial education that I might not have been getting at home.
I’ll admit that when I was a teenager and a majority of my twenties I lived for the day and why not I didn’t have any commitments and as a result would spend, spend, spend as soon as any money I was due hit my bank account, but I never spent to the point that I was in debt or would struggle should my circumstances change.
There are some great personal finance blogs out there but I know of only a few UK based male personal finance bloggers. Off the top of my head I can only think of Andy Webb at BeCleverwithYourCash, David Jack Tylor from ThinkingThrifty and Olly Cator from Savvydad to name only a few. So this got me thinking.
Do men really care about personal finance and if not why not?
So below are some quick reasons why men just aren’t interested in personal finance? Feel free to leave your thoughts below.
#1 It can sometimes come across as dull
I enjoy personal finance and could talk about it to whoever will listen and even those that don’t want to listen. The thing is I can completely understand why some men would find the subject stale and dull.
When we often think about personal finance as a subject matter the first that that you might automatically think about is that it is purely about budgeting, saving, spending less and only relevant to that are already wealthy and as a result men might not be able to relate it to their own circumstances.
#2 We would rather let someone else sort it out
As a result of #1 there are many men that would rather let others deal with finance. This might come across as an incorrect assumption but I’m only writing from personal experience and see many men taking a back seat when it comes to finance.
I know of men that are in the finance sector, managing the finances of others but when they get home their better halves mange the finances on their behalf sometimes only giving them “pocket money” to spend on what they will, but when it’s gone its gone.
#3 It’s not something men often talk about
Men aren’t always the best at communicating, so when we do get together conversation might be limited to sex, football and maybe beer if you are into that kind of thing all interlaced with a bit of bantering and chest thumping along the way.
Start a conversation about how much our favourite team have bought a new player for or how much a pint of beer costs and you could have a two hour conversation there talk about money on a personal level and you probably not be invited to the next lads night out.
So thinking back across my interactions with other men I can only recall only a couple of occasions where the topic of money and personal finance was ever discussed, one being whether if I could lend money and the second telling me that I should buy a sports car that I could no way afford, regardless of my love of all things metal and four wheeled.
#4 We think that they know it all already
I’m going to tell you a secret. Men don’t like to be told they are wrong, it’s a blow to their manliness and they certainly don’t like to admit to anyone else when they are, that’s why we won’t ask for directions when we’re lost or ask someone in a supermarket which isle we need to go to.
I recently had a conversation with a family member that isn’t keen on anything modern and new and looks upon any offer of something cheaper with a degree of suspicion. He would not concede that any provider of gas and electric that wasn’t British Gas could offer a cheaper alternative. As a result I went on a comparison site and showed him that he could save roughly £300 a year.
This wasn’t enough as his reply to this was that this was an offer to suck you in before they increased their prices and if you didn’t want to pay that price you would have to do the search again in a years time. I found this quite funny because when I asked him based on his argument whether he paid his car insurance renewal price without question he told me no and would tell his current provider to go take a flying jump if he thought the cost was too high.
I knew I was fighting a battle that I was never going to win.
#5 We are becoming big spenders
Whilst we might moan about what our other halves are spending, we don’t do to badly at spending money ourselves, whether it’s Sky Sports subscription costing a whopping £27.50 per month extra on top of your Sky package, I’ll catch Match of the Day highlights thanks, buying the newest gadget, or grooming products, which appears to be increasing year on year and why wouldn’t it some men have to look their best when posting half naked selfies of themselves on Instagram too you know.