Men may earn more than women and retire with their super fund, but it turns out women have become very adept at handling their finances, despite not being comfortable doing so.

New research conducted by CoreData for Fidelity International has discovered that 42 per cent of women worry about money at least one per day or once per week.

The data also found that women focus their savings based on goals rather than personal financial gain when it comes to financial planning. Their worries include having enough money to provide for their family, being able to pay off their mortgage and to live the lifestyle they want.

However, ASIC’s MoneySmart reports that 55 per cent of women under 35 find dealing with money stressful and overwhelming, and that 85 per cent of women under 35 don’t understand fundamental investment concepts.

However, in spite of all that, it turns out women are better at money management than men.

Data and analytics business Illion has just released their Credit Card Nation report, and it revealed that men are bigger spenders than women and worse at paying back their debt.

The Fidelity International research revealed that women do not feel confident investing their money, and generally aren’t risk takers. While that may put them at a disadvantage when it comes to investing, it turns out that an aversion to risk has made women better at managing their finances in general.