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Loan refunds: Men 'less frugal' than women

Men could be more willing to incur credit card charges than women, as they can be reluctant to find the best deals.

This is according to Quidco, which found 15 per cent of males believed frugality would impact their "street cred".

A further 15 per cent of male respondents to the poll claimed using discount codes or vouchers is not acceptable behaviour.

This is despite the fact that the UK is in recession, with Office for National Statistics data showing gross domestic product falling by 0.5 per cent during the second quarter of 2012 and household consumption expenditure dropping 0.4 per cent in this timeframe.

Women are also more likely to discuss money-saving tips with each other, with 27 per cent of females sharing economical hints with friends and family, compared with around 20 per cent of males.

"Almost half of the men surveyed felt that talking about wealth is acceptable, so accumulating it is something we encourage more of them to do," Quidco managing director Andy Oldham said.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801447354-ADNFCR

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