SIX TIPS TO SAVE MONEY AS CASH RATE RISES AGAIN
The Reserve Bank of Australia has increased the cash rate for the seventh month in a row . The cash rate increased from 2.6 per cent to 2.85 per cent .
Australians are feeling the pinch as interest rates rise across the board . Whether paying off a mortgage , or saving to purchase property , the cost to service a loan is increasing . This , combined with high inflation , growing cost of living , and relatively stagnant wage growth has made it an important time to double down on saving money where possible .
While you may not be able to avoid increasing interest rates if you ’ re on a variable interest rate or an expiring fixed rate loan , there are a number of ways you could still save money .
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