One in five women believe investing is only for men, research has revealed. A poll, of 2,000 adults, found 74 per cent of females are more inclined to save their money, rather than attempt an investment . But just 63 per cent of men would put their spare money into a savings account – with one in five putting it in the stock market, instead.
And nearly half of all those polled – both men and women – admitted they have no idea exactly how much money is in their pension pot. The research comes as former Great British Bake Off winner, Candice Brown, revealed her tops tips to make her money go further – including extreme meal prepping, and bulk-buying key items. Other advice included evaluating when you last used your subscription platforms, religiously using cashback sites, and freezing leftovers.
The study found women are slightly more afraid of losing money in a bad investment than men . But 35 per cent of females think improved financial education in schools would help boost the nation’s knowledge, while 23 per cent would like to see a government initiative brought in to help people learn more about the process.