The Changing Shape of Family Finances


It seems that the proof of maternal efforts is no longer found in the pudding ? it's in the spending. Women are increasingly outsourcing personal grooming tasks and the pressure of looking good, feeling healthy, maintaining a tight ship and IQ level has meant that housecleaning and gardening are again fashionable methods to promote the family brand; housewifery is now a career, with all the attitude of 21st century post-feminism. It emerged in a recent BBC report, that a new type of parent was surfacing?.the "manager mum". Manager mums tend to use the internet to save time on tasks and streamline activity, using the Web to undertake jobs such as grocery shopping or banking.

Once they've got their partner, it doesn't seem women can relax about their appearances, with women in relationships spending more on their appearance than their single counterparts. UK housewives spend a massive £5 billion on 'keeping up appearances', in terms of gardening, home furnishings and personal grooming, according to a study by Virgin Money Credit Cards. UK women are splurging out an average of £3,488 each on personal appearance and their home and garden. Of the £3,488, 47% is spent on the home and garden, whilst the remainder goes on clothes, haircuts, beauty products and treatments.

The pressure to look good may be a factor in women being labelled as the worst savers, as reported by Guardian Unlimited. In an annual study by IFA Promotion, 63% of the women who stated that they were unable to put aside further savings, admitted to spending their spare cash on costly and unnecessary luxuries, whilst 28% of women get themselves into debt with expensive purchases. Women apparently seem to be content with spending up to 75% of disposable income and saving less than 20%, in contrast to men who save over 25% of their income and invest 8%.

Peter Pan fathers

Whilst fathers are not physically getting any younger, there is evidence that their mental age may be falling. The BBC recently reported that a new type of dad had emerged ? the "gadget dad", whilst in November last year, the Guardian reported that men were significantly delaying fatherhood. In a study by Panlogic, "gadget dads" love technology and have all the latest tech toys, from Sky TV to a car navigation system. Perhaps this love of tech toys is also the reason inhibiting men from diverting funds to babies. According to the Guardian, 81% of men admitted that financial fears would make them postpone having children and if current trends continue, the average age of men becoming fathers will rise to 40 by 2065. Virgin Money Life Insurance also reported in their studies that new fathers were waiting longer to start families and that UK fathers are working the longest hours in Europe.

Savvy kids

A recent investigation by Halifax found a positive attitude towards saving is increasing amongst children. Whilst in 1998, a third of children saved more than they spent; now that figure is over fifty percent. The bank discovered that most children are prepared to save for an expensive item, though parents of younger children faced more of a struggle, as 22% of seven to eleven year olds pestered their way towards getting what they wanted. Piggy banks, it would seem, may become sentimental souvenirs, as more children save their money in a bank or building society.

This trend of 'keeping up appearances' seems to induce individualistic behaviour in families, reducing co-operation on financial issues. This erodes family values in society and discourages future generations from investing in children. Without the motivation to invest in sustainable communities or even a sustainable standard of living, (currently supported by £1.1 trillion of debt), the issue of successful management of family finance remains trivial.

Additional information:

Useful brochures & fact sheets from

Family finance information:

Rachel writes for Cashzilla, a personal finance blog.

Through Cashzilla, she expresses her frustration on financial matters and explores her alter-ego as a fictitious, money-wise dinosaur. If anyone is interested in this article or can offer professional counselling, please visit

Cashzilla is an Aries. He has a flamboyant character and a tongue that could heat up any conversation. If Cashzilla was an A-Team character, he'd be Murdock. In the words of Cashzilla, "I'm hairy, scary and lairy."

In The News:

The 16 Best Personal Finance Podcasts to Listen to in 2019  Yahoo Finance UKIn case you haven't heard, there are more than 550,000 podcasts available for download. There are shows for any conceivable topic of interest: history, politics, ...
Personal Finance Moves To Make Before 2018 Ends  BW BusinessworldNaveen Kukreja - Mentioned below are some of the smart yet easy money moves that would enable you to kick-start the New Year with stress free finances and ...
Time to take control of your personal finances with this highly rated app [Deals]  Cult of MacMany of us are learning how important personal finance is, mostly because we're pretty bad at it. But getting a grip on your finances means coming to ...
The 411 on improvements to the CPP  The Globe and MailMy top project for December 2018 was to write a guide to the changes coming to the Canada Pension Plan in January. The process is widely known as CPP ...
Personal finance wrap: Steps to create a viable long-term financial plan; How balanced is your mutual fund portfolio?  Moneycontrol.comThough financial planning may sound daunting to many people, it is not as difficult as it seems. The starting point is to know the steps one should take in creating ...
Weekend catchup — this week’s personal finance headlines  Financial TimesUK grocery sales grew just 0.4 percentage points above inflation in the 12 weeks to December 2, compounding the misery for retailers ahead of the key ...
9 Best Budget Apps for Personal Finance in 2018  TheStreet.comTry these nine mobile budget apps to get your financial house in order....AAPL.
Learning personal finance in a fun way  BusinessLineLearning Curve Academy targets to teach 50000 students.
Ways to plan, manage finances to fund your child’s higher education abroad  Moneycontrol.comMake sure you do extensive research before you apply for an education loan so that you can get the best possible rate and reduce your repayment burden later ...
PERSONAL FINANCE: 6 tips to strengthen your financial foundation in 2019  The MercuryFor many of us, the new year means a *fresh* start and the chance to set new goals. If your resolutions are money related, here are some ways to strengthen.
John Ninfo: Should personal finance classes be required in high school?  MPNnow.comI was recently at a conference that was attended mostly by high school business, finance and economics teachers. As you might expect, during a break, the ...
5 red flags to look for when choosing your next personal finance product  Yahoo FinanceWhether you need a loan, an investment, an IFA or any financial product, you need to watch out for these red flags.
Alan Greenspan: Bull market is beginning to fumble  Helena Independent RecordFormer Federal Reserve Chairman Alan Greenspan speaks with CNN's Julia Chatterley about recent stock market volatility, interest rates, and stagflation.
MIT researchers invent a way to shrink objects  Helena Independent RecordMIT researchers announced they have invented a way to shrink objects to nanoscale -- smaller than what you can see with a microscope -- using a laser.
Comics rip Trump's mounting legal troubles  Helena Independent RecordLate-night hosts poked fun at the increasing amount of legal troubles facing President Donald Trump and his administration.
John Ninfo: A few interesting personal finance experiences  MPNnow.comIn this column, we have discussed the Federal Reserve's recent increases in interest rates, and how they result in interest rate increases for floating rate debt ...
Greenspan: Fed policy changes because economy changes  Waterloo Cedar Falls CourierFormer Federal Reserve Chairman Alan Greenspan says it's "perfectly credible that rates may go lower as a consequence" of a slowing economy.
Personal finance sentiment positive in UAE: study  Trade ArabiaThe majority in the UAE seems to have adopted healthy financial practices including timely payment of bills (75 per cent) as well as upfront payment or reduced ...
Alan Greenspan: Investors should prepare for the worst  Helena Independent RecordAlan Greenspan says the party's over on Wall Street.
Personal Finances Are a Top Source of Stress for Americans  TheStreet.comAmericans are more stressed out than ever before, surveys show. And despite the robust GDP and jobs numbers, personal finances still rank as a top source of ...
Most Americans Are Making This Huge Tax Mistake  Helena Independent RecordIgnoring your withholdings could result in a big surprise come tax filing time.
Millennials And Money: How 2 Young Adults Are Figuring Out Personal Finance  WBURRebecca Boyle and Sam Giangrasso tell Here & Now's Peter O'Dowd they received two very different sets of lessons about money growing up.
MAX helps students with personal finance — for free  National JuristLaw school is tough enough academically-speaking. For most students, there's another challenge. And it too can keep you up at night. It's money. Many students ...
5 Ideas for Setting Clear and Effective Personal Finance Habits in 2019  U.S. News & World ReportIt's nearing the end of the year, and for many of Americans, that means it's time to start putting together New Year's resolutions. As many of us know from ...
What is 1MDB?  Helena Independent RecordCNN's Richard Quest breaks down the 1MDB scandal that has seen Malaysia's former Prime Minister arrested and Goldman Sachs facing criminal charges.
Personal finance paralysis leaves UK adults short of over £1,600 a year  This is MoneyNearly two in five Britons have experienced personal finance paralysis - the fear of making a bad personal finance decision - meaning it is put-off or often, not ...
Tips to protect yourself from hackers this holiday season  Independent OnlineEach year the festive season sees a peak in the number of cyberattacks, with hackers attracted by an increase in online purchases.
The Four Horsemen Of The Personal Finance Apocalypse  ValueWalkThe Bible's Book of Revelations and our popular culture speak of the Four Horsemen of the Apocalypse: Pestilence, War, Famine and Death. Gratefully, for most ...
Personal finance show: 2019 opportunities and rich sources of income  Investors ChronicleIn this week's show Adrian Lowcock, head of personal investing at Willis Owen, looks at what drove markets in 2018 and what might shape the investment ...
Is a property crash coming? We answer the 20 most pressing personal finance questions  The GuardianShould I buy travel insurance from Ryanair? How much money do I need to retire? And do shops have to accept Scottish banknotes? The Guardian's money ...
10 most-read 'personal finance' articles of 2018  702Making ends meet, investments, property, debt, financial freedom… these were the very best "your money" articles of the year.
From Salon Marketplace: This app streamlines your personal finance management  SalonCoinKeeper Platinum helps you manage your finances, set budgets, and more with a few taps on your smartphone.
Avoid burdening financial challenges at the start of 2019  IOLSome helpful advice for managing your finances over the festive season.
PERSONAL FINANCE: The three money mindsets  Daily NationMoney is made or lost in the mind. What goes on in our minds will reflect our actions. Those actions, done on a continuous basis, become our reality. There are ...
Best Personal Finance Apps  Techtree.comManagement of money, being around a budget and even managing decisions related to investments is so must easier than before in today's world of budget ...
What Are Shoppers Worried About This Holiday Season?  The MissoulianThe season of joy is also a time of major stress for many people.
Life Kit from NPR: Podcasts on Personal Finance, Health, Parenting and More  NPRTools to help you get it together. NPR's family of podcasts for navigating your life — everything from your finances to diet and exercise to raising your kids.
4 Tips for Better Budgeting in 2019  The MissoulianUp there with losing weight and getting into better shape, saving money is a popular New Year's resolution to aim for. And the key to saving money is none other ...
2018 year in review: Gold makes a comeback, fixed income investments in focus  Moneycontrol.comThe year 2018 can be best summed up in one word: uncertainty. In other words, volatility. Be it equity or debt markets, or even assets classes like gold, most ...
Olmsted Falls High School's personal finance class teaches students dollars and sense  cleveland.comFirst Federal of Lakewood Olmsted Township Branch Manager spoke to different personal finance classes last week during a visit to Olmsted Falls High School.
Year 2018 for retail banking, fintech: Loan pricing to get transparent; RBI saves Indians from crypto collapse  Moneycontrol.comLoan disbursements took a hit due to the IL&FS crisis, but borrowers rejoice as loan rates get transparent in 2018.
The 16 Best Personal Finance Books to Read in 2019  ValuePenguinGet rich (or richer), save for retirement or climb out of debt with this year's must-read personal finance books.
The dangers of carrying cash this festive season  Independent Online“The risks involved with carrying large amounts of cash are high. Anyone carrying cash is seen as an easy target. We've heard of incidence where domestic staff ...
taxes: think before you drink the water  Independent OnlineI recently had the privilege of attending a tax conference in the Dominican Republic, writes Christopher Renwick.
A Foolish Take: Is a Recession Coming?  The MissoulianThe stock market has been extremely volatile lately, with the Dow Jones Industrial Average routinely seeing triple-digit daily moves in both directions. Investors ...
Things you need to unlearn about managing investments  Moneycontrol.comIn this post, we touch upon financial notions that slow down people's financial journeys.
3 tips for single female home buyers  Independent OnlineHere are three financial tips for prospective home buyers. (Note: these apply to single men, too.)
Personal finance 101 : Radio Times : Money  WHYYGuests: Helaine Olen, Kristin Wong. Do you have a budget, track your spending, carry too much debt, save for retirement? Many Americans don't do any of those ...
It’s still possible to give to charity and save on your taxes and Americans have high expectations for discounts  MarketWatchHappy Tuesday, MarketWatchers. Don't miss these top stories: Personal Finance. Christmas Eve, Monday mornings and other times when heart-attack risks ...
What the World’s Most Enraging Personal Finance Diary Tells Us About Capitalism  SlateEarlier this month, the in-house magazine at Wealthsimple, a Canadian online investment manager, published an article titled “Debt: A Love Story.” It featured an ...
2018/19 Personal Finance Awards – Winners Announced!  The Money PagesThe votes have been counted and the results are in! Here are your winners for The Money Pages' 21st annual Personal Finance Awards, celebrating the best ...
Don’t burn your money on these three stocks  Daily NationPlanning to trade shares next year? Here are the companies to avoid.
SA investors are achieving returns 8.4% lower than expected  Independent OnlineA major global study found that South African investors expect their portfolios to return nearly 13% annually over the next five years.
What if today’s economy is as good as it gets for your personal finances?  The Globe and MailIt's not too soon to start preparing for the next economic downturn. Shrink your debts, build savings and avoid new entanglements that will place additional strain ...
How to fire up your retirement  Independent OnlineMarwan Abrahams, Executive General Manager at Old Mutual Personal Finance shares tips on how to save for retirement.
Free Personal Finance Apps You Can Take to the Bank  LinuxInsider.comToday's Linux platform accommodates a number of really good financial applications that are more than capable of handling both personal and small-business ...
Worried about holiday debt? 5 smart ways to avoid it or repay those credit cards  USA TODAYIf glitzy ads and the scent of evergreens entice you to choose debt when you mean to choose joy, your holiday may already be haunted by the Ghost of ...
Are millennials financially fragile?  Royal GazetteA study by PwC has concluded that 65 per cent of millennials would not be able to handle a $2000 unexpected expense and that they are.
KMyMoney: Personal Finance Manager software for Windows PC  TWCN Tech NewsKMyMoney is a free software for Windows which helps you track your finance without any accounting degree. What makes KMyMoney different is its user-friendly ...
7 of the best pieces of advice about saving money from early retirees in 2018  The Australian Financial ReviewEarly retirees with a seven-figure net worth are well versed in the right ways to build wealth and save money. Here are some of the best tips they shared with us ...
Come April 2019! Borrowers? Your EMIs on home loan, personal loan, vehicle loans set to become cheap; here`...  Zee BusinessA new pattern in lending interest rate is set to take place, which is supposed to bring good news and relief to you borrowers. What has happened is that the ...
T-Mobile Getting Back into Personal Finance with Digital Checking Account  ECNmag.comT-Mobile is launching a digital checking account *service*, T-Mobile Money, which promises no fees and extra perks for the carrier's wireless customers.
Young and riskless: Millennials taking a pass on stocks to emphasize savings  The Globe and MailTo save for retirement, young adults are going to need to put money in equities and let it ride for a few decades.
Interview: Can Suryoday Small Finance Bank sustain its 9% FD rate?  Moneycontrol.comR Baskar Babu, MD & CEO of Suryoday Small Finance Bank (SSFB), talks about the bank's nearly two-year journey, challenges and opportunities for small ...
Personal Finance Show: FTSE 100 vs Brexit and selling US stocks  Investors ChronicleIn this week's Personal Finance Show podcast, the team are joined by Peter Elston, chief investment officer at Seneca Investment Managers, and Dave Baxter, ...
Here's why your bond is a good 'investment'  Independent OnlineOne of the best “investments” open to ordinary consumers at the moment is just paying off the bond on their own home or an investment property.
House Democrats to seek Donald Trump's tax returns  Independent OnlineNancy Pelosi said that members of congress from her party will seek to obtain President Donald Trump's tax returns.
ATU makes personal finance curriculum available to Arkansas high school  Harrison DailyNASHVILLE, Tenn. —Arkansas Tech University (ATU) is sponsoring Ramsey Solutions' Foundations in Personal Finance curriculum to high schools across ...
Rogers sells personal finance site MoneySense to Ratehub  BNNBloomberg.caTORONTO -- The MoneySense personal finance website has been sold by Rogers Media to Ratehub Inc., for an undisclosed amount. Ratehub is a ...
Insurance products that every person should have in their financial portfolio  Moneycontrol.comTo minimise the risk of financial loss, your insurance cover should offer protection for not only your possessions, income but also, for the loved ones.
Five tax questions to consider about investment property  Independent OnlinePeople frequently make decisions regarding property investments without a full understanding of the tax implications involved.
A financial plan must be a living document  Independent OnlineWhile it is not always possible to predict what the local and global economies will serve up in 2019, good financial planning will help.
Indians' individual wealth grew 14% in FY18 boosted by financial assets: Karvy  Moneycontrol.comThe higher income levels of millennials have led to increased household savings which is making their way to the financial assets through mutual fund route.
Rent out your home safely this festive season  Independent OnlineThinking of making some extra money this festive season by renting out a room, or even your entire house?
Personal Finance Show: Yield curves, equities and picking small caps  Investors ChronicleIn this week's Personal Finance Show, the team discuss how politics and central banks dominated the news agenda this week, and how bizarre comments from ...
Peter Bethlenfalvy: Personal finance lessons should apply to public spending  Ottawa CitizenLast month, I said that fixing Ontario's balance sheet is what keeps me up at night. After 15 years of Liberal mismanagement, our government is working hard to ...
Avoid these 7 mistakes while dealing with your financial advisor  Moneycontrol.comGood advisors are better used for creating financial plans and may not be the right fit of you if you only want to use them for picking stocks.
Tucker Carlson’s Show Loses Advertisers Over Immigration Comments  CBS San Francisco(CBS News/AP) — A San Francisco-based personal finance firm is among a number of advertisers who have said they're leaving conservative host Tucker ...
Steps to create a successful long-term financial plan  Moneycontrol.comTo identify the fund's suitability and the percentage allocation to each category and fund, it is really important to identify the risk profile and financial goals of the ...
OPINION: The year is ending on a sour note  Independent OnlineHopes of a pre-Christmas rally on global equity markets were dashed last week. The optimism around a thawing in US-China trade relations following the G20 ...
4 Ways to Improve Personal Finance - Internet  BizReportWhether it's to pay off bills, cover a major expense or something else, sometimes, you need money quickly.
Incomes are up, but 100,000 in jobs still at risk of poverty  Independent.ieHousehold incomes have gone up, but large numbers of people are still in poverty.
Money saving tips for financial success in 2019  Independent OnlineWith the excesses of festive season spending behind you, the New Year represents the perfect opportunity to whip your finances back into shape.
Revealed: Christmas supermarket wars winner as consumers plan €1bn festive splurge  Independent.ieDunnes Stores is on top in the supermarket wars, as retailers look forward to a bumper Christmas.
Phishing Attacks: Don't take the bait  IOLPhishing attacks thrive during the holiday season. Here's how you can stay safe.
Overestimating demand may lead to new ghost estates being built, economist warns  Independent.ieThere is a real danger of building new 'ghost estates' as we are overestimating how many new homes are needed in Ireland, a leading economist has warned.
Relief for home loan customers; loans to become more transparent  Moneycontrol.comRBI has suggested use of external benchmarks such as the repo rate, 91-day Treasury bill yield or the 182-day Treasury bill yield produced by Financial ...
Personal finance class hosts school-wide career fair  The Hillsdale Daily NewsWALDRON — The personal finance class at Waldron Area Schools hosted a school-wide career fair Thursday afternoon.The event sprawled the main area of ...
A guide on interest rate structures for personal loans  Moneycontrol.comUnder the reducing balance rate, apart from considering your loan principal and the rate of interest, it also takes into account your monthly repayments.
Fund review | Aditya Birla Sun Life Tax Relief 96: Ideal ELSS for tax saving and wealth creation  Moneycontrol.comInvestors closer to retirement shouldn't invest in this scheme for tax-saving purpose.
The Future of Personal Financial Management Apps | Bank Innovation  bankinnovation.netBank Innovation and its sister accelerator INV Fintech are holding a meetup next week on the topic, "The Future of Next Generation PFMs." During this meetup,
PERSONAL FINANCE: New tax laws may change how you approach your 2018 tax return  The MercuryAs 2018 winds down, it's time to think about if, and how you may be able to reduce the taxes owed on your next tax return. New tax laws, which.
How to protect your personal data while browsing  Independent OnlineWe are now able to teach ourselves karate and origami from YouTube videos.
Brexit latest: Make sure your finances are Brexit-proofed  ExpressAS the UK faces the possibility it might crash out of the EU without a deal next March, now is the time to make sure your finances are able to withstand the ...
Charlie Weston: 'Insurers should note that more discerning purchasers of health cover have emerged'  Independent.iePeople with health insurance are becoming more discerning about the cover they have, with many now reviewing their policies on an annual basis. Consumers ...
Homeowners here still paying more for mortgages than other countries in euro area  Independent.ieHomeowners here continue to pay more than the typical cost for a mortgage in the other countries in the euro area.
Your Money: Festive gifts that keep on giving  Independent.ieIt's the laziest of gifts, but for the last-minute shopper, or that difficult person to buy for, you can't beat a voucher. But consider other gifts which don't involve a ...
Toronto and Vancouver most 'vulnerable' to interest rate hikes as personal debt soars, CMHC warns  Financial PostTORONTO — Canadians living in two of the country's largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in ...
John Lynch: 'It's time to move on in market for expensive Swiss watches'  Independent.ieWith Christmas fast approaching for some (the rich), it's time for conspicuous consumption.
How strategic personal finance management can help pick the most suitable investments for you  Economic TimesBeing in charge of our wealth is to stay focused on what we want our money to do for us and driving decisions in that direction in a disciplined manner.

What?s New in Checking ? From Designs to Photos

Just about everyone has a checking account. Checks present easy... Read More

Strategies for Success

Holy Shenanigans! More STUFF?Loosing one's business due to lack of... Read More

Do You Really Need the Power of Money Management Software?

I have been a loyal user of Quicken(R) for more... Read More

How to Obtain a Non ChexSystems Bank Account Without Being Scammed

Predatory lending exists in the mortgage industry. It's typically when... Read More

10 Steps To Improve Your Financial Situation

Here are ten steps you can follow to help improve... Read More

Bank On It: Places to Hide and Invest Money

Today I passed a thermometer at a bank that read... Read More

Single Mother Resources Directs You Towards Success

As a parent you are bound to face a few... Read More

Why We Are Never Satisfied with What We Have

I have to admit, I do it too. I complain.... Read More

Budgeting Made Easy

Well, dang! From what I've heard and read, it looks... Read More

Save Money on Groceries: Part I

One universal of humanity, no matter who you are or... Read More

Can You Afford Not To Look After Your Personal Finances?

Investing is a subject a lot of people don't want... Read More

Financing Collectibles for Fun and Profit

With the advent of the internet and especially auction services... Read More

Safely Save for Your Childs University Studies Using An Education IRA!

This investment retirement account (IRA) is useful to you as... Read More

Are You Ready To Be Fired?

Your boss has just informed you that your department is... Read More

One Income Source Is Not Enough!

My personal opinion is that in today's new economy, it... Read More

Dramatically Improve Your Stock Trading Success

Get Access to Realistic profitable strategies & discover the mindset... Read More

Budgeting the Key to being Financially Stable

Single Mother's in need of Financial GuidanceBudgeting is key to... Read More

Family Money Management: The Importance of Agreement

Are you having problems with debt? Are you afraid to... Read More

Improve Your Professional Image Using Address Labels

One of the simplest ways to improve your professional image... Read More

Save Your Money, Dont Give to Charity Scammers

**If it's Spam, it's a Scam!- If it sounds too... Read More

Debt Management ? More Ways to Save on Gas Consumption

The price of gas continues to climb, and with continued... Read More

Developing a budget? Watch out for Those Budget-Bursting Gremlins

If you've developed a household budget to get your spending... Read More

Banks Are More Than Just A Place To Park Your Money

If you've been to a shopping mall lately, you've probably... Read More

UK Graduates Looking Short-Term At Their Long-Term Financial Responsibilities

With almost two thirds of university entrants from England and... Read More

How To Protect Yourself Against Identity Theft

Identity theft is a serious crime that continues to grow.... Read More