Single women spend their money on practical items, not Manolos and couture, a la Sex And The City.
Single women, rejoice: The New York Times has confirmed that single ladies don't spend like Carrie Bradshaw, after all. While pop culture's unattached females have a reputation for bankrupting themselves on shopping sprees, the typical single woman actually spends her money on practical ventures like housing and transportation. 5 Tips to Juggle Love and Money
In fact, single women spend less than 5 percent of their income on clothing, haircuts, manicures, and the like. According to the "Women at Work" report from the Bureau of Labor Statistics, they spent the bulk of their funds on shelter. The second costliest expenditure is transportation, then food, utilities, healthcare, and entertainment. Apparel and services fall last on that list. That's right, women spend more money on movies and electricity than on shoes. Save Money for Dates: Which Bills You Can Reduce
Let's take a look at one of the middle brackets. Women who earned between $30,000 and $39,000, pre-taxes, spent around $8,000 on shelter, and just a tenth of that ($890) on apparel and services. Women in the highest pre-tax group also spend more on shelter, food, and transportation than women in the lowest three income groups combined, reinforcing the notion that the more you earn, the more you'll funnel into big expenses. A wealthier woman would rent a better apartment, drive a fancier car, or eat in nicer restaurants before splurging on a designer wardrobe.
Since the portion of the study dealing with spending habits was quite brief, we have to admit that the findings bring up more questions than answers. Does the BLS include divorced women in their "single" category? And where do single mothers fall? School fees don't fall into any of the aforementioned categories. The article also fails to mention regional differences. A woman living in a small town would spend less on housing compared to someone living in New York or Los Angeles. What about pets? We just know there's a cat lady joke to be made here somewhere... Study: Men Are Attracted To Women Who Save Money
Do the results of this study surprise you at all? Where do you spend most of your money when you're single?