A new research has discovered that women are better than men at budgeting and holding a record of the domestic expenses.

The study, carried out by money management internet site love money. com, stated that women are less likely to increase arrears and will try out and pay back the money they owe unlike men who would rather pay as less as possible.

It was also exposed that fewer married women paid their expenditures late or disremembered to pay them fully unlike their other halves.

The report said, "For years, women have been thought of as the big spenders, splashing their cash on clothes and shoes."

"But it seems men are gaining their own reputation when it comes to managing their finances while women are learning how to handle their money," he added.

The review, including 3,000 Brits, also established that men's debit cards had an average liability of 2,176pounds, whilst women carried just 1,987pounds.

One in four males confessed to frequently paying their credit card bills behind schedule, or even disremembering them altogether.

In contrast, just 17% women made the same fault.

It was considered that women were also better at monitoring their disbursals.

Twice as many men disregarded their investments with one-tenth admitting to hiding their head in the sand, compared with just one in 20 women.

More than 57% women cognized where money had to be spend every month and when bills need to be paid up, whilst a mere 54% of men could boast of the same.

One in 20 men even admitted to having no idea about the position of their family funding, always finished up overspending and disremembered to pay household bills. (With Input from Agencies)