ARTICLES > The Top FIVE Things Men Spend Their Money On .
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The Top FIVE Things Men Spend Their Money On . Men and women are different, we all know that. Those differences tend to translate into the way we spend our money. In general terms, women have been taught to invest in lifestyle and children, while men have been taught to invest in things that hold value like a house and retirement. Men are trained to fix and provide, so they view money as a means to capture and accumulate things to add more value. Men don’t spend, they invest. Men don’t want something, they need it. A man’s orientation is towards future-money. According to surveys conducted in the USA, the top five things men choose to spend their money on are: 1. Investments According to the surveys; whether it be in shares or bonds, property or art, the male need to keep accumulating wealth means he sees investing as the number one thing to spend money on. Women, on the other hand, mostly feel comfortable about everyday money management like budgeting. 2. Entertainment This includes electronics, games, movies, TV, music, travel and events which cover the majority of male spending. Male spending on these purchases is usually reoccurring and tends to come with expensive additions. As the need to be more digitally connected and state of the art continues, our obsession with technology, not only to navigate us through life but to do business, sees men more than willing to pay for high end products. 3. On Women/Love/Online Dating One thing the sexes seem to have in common is the need for companionship. According to a study in Canada, for every woman using an online dating service, there are at least two men. That accounts for $214 million a year and this is before the people even meet. That’s when the dinners, gifts, coffees and movie tickets get factored in. 4. Hobbies and Sports From collections of cars, guitars and musical gadgets to stamps, model aeroplanes, train sets and coins, every man enjoys a hobby and is willing to pay enormous amounts to enjoy it. Following on from a man’s need to invest and accumulate things that add value, there are even hobbies that can make money. 5. Betting and Gambling Men love any opportunity to make something they already enjoy watching even better. Putting a wager on their favourite sports team or horse takes the fifth place position for male spending. Proven to make more money than the lotteries, the gambling industry provides men with everything they like: risk, adrenalin, competition and potentially fast rewards.
Click here to read The Top Five Things Women Choose to Spend Their Money on. This article was adapted from an article by Alban, a personal finance writer at the Australian company, Home Loan Finder - www.homeloanfinder.com.au. |