The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest.
Many women are still lagging behind in their longer term super savings.i There are several reasons for this that are often out of a woman's control. However, women can try certain strategies to improve their financial situation.