I know this post is a little off topic. Here are three examples of why men spend more money than women.
1. Higher Grocery Bills - According to a 2004 US Department of Agriculture study single men spend an average of $60 a week on food, single women spend $50 a week. Therefore it costs $520 more a year being a single man.
2.More Debt - According to FreeCreditReport.com men have more $1468 more in credit card and installment debt than women. If the average rate on that debt was 12%, men would pay $176.16 more a year interest.
3.More miles driven. - According to a 2001 US Department of Transportation survey men under 65 drive an average of 10.9 more miles per day than women under 65. If you use the 2006 IRS automobile reimbursement rate of 44.5 cents per mile, it costs $1770.25 more a year for men under 65 to drive than it costs women under 65.
Hmmm... this is interesting, but I wonder why #s 2 and 3 are the case. The first one seems physiological. Men are generally bigger, thus eat more. But men also earn more on average, so the extra ten bucks a week in groceries cannot be faulted for the credit card debt. And #3, well, that one's probably pretty obvious.
Posted by: lamoneyguy | August 15, 2006 at 05:41 PM
Interesting! Surprised you haven't got any feedback from females yet...I can imagine their list is quite expansive--monthly costs maybe? lol.
Posted by: financial freedumb | August 15, 2006 at 05:45 PM
Interesting. Some things I wouldn't have thought about.
Posted by: Jersey Girl | August 16, 2006 at 11:31 AM
Women have other expenses tho LOL. Our list is up if you’d like to look… have a great day!
Posted by: MamaDuck | August 16, 2006 at 12:15 PM
haha, good thing men make more money :p
http://joshmaher.wordpress.com/2006/08/14/top-ten-reasons-you-should-not-blog/
Posted by: Josh Maher | August 16, 2006 at 12:27 PM