I’m sure many of you women immediately agreed when you read this title. Most of us had mothers who controlled the house hold budget and ensured there was savings put aside for the family. But what do the experts say?

In an article in the Miami Herald (1/4/2009) a survey revealed that women led firms were coping better with the recession than firms ran by men. This was due in part because “women-led businesses traditionally have taken on little debt and therefore have greater flexibility to maneuver during tough times”. The article goes on to state that women led firms also focused more on looking for opportunities, which would lead to growth instead of just relying on cost-cutting strategies to improve their businesses. Their psychological state also tended to be more positive. These examples are just a few reasons the article credits to women making better business leaders in tough times.

Another article sponsored by Fidelity (5/12/2009) and found on WSJ on-line, states that women tend to be better investors because they think of safety as oppose to their male counterparts who place more importance on “beating the other guy, and then bragging about it.” It also states that women are “less afflicted than men by overconfidence, or the delusion that they know more than they really do”.