Manage your money like a man
Men and women face different challenges when it comes to earning, saving and investing. Here are 13 strategies men can follow to overcome the gender obstacles to financial success.
Family finance: Follow the money
Many married couples still adhere to an Ozzie-and-Harriet-style division of financial labor, surveys show -- he manages the portfolio, she pays the bills.
The downside of being master of (only) the investing domain: You may be clueless about how much it really costs to run your household, so you base decisions about how much to invest or what your expenses will be in retirement on faulty estimates, says Atlanta financial planner Mary Claire Allvine.
Try this exercise: Sit down with your wife and, separately, each create a written breakdown of your household budget, suggests Ken Clark, a financial planner in Little Rock. Don't wrangle over discrepancies; check your bank statements and online transactions for a reality check. Once you and your wife are in sync about the numbers, you can dig in on long-term planning.
NEXT: Family finance: Stop stealth spending
Last updated November 05 2010: 9:00 AM ET
