If you’re like the majority of Aussies, you probably despise thinking about money. It’s not that you don’t want to be responsible for your finances. It’s just that there are several other things in life that are more fun! But the fact is, whether we like it or not, money is a big part of our lives. That’s why it’s so important to ensure we’re doing everything we can to stay on top of our finances. To help you out, we’ve collaborated with one of Australia’s leading loan providers, Jacaranda Finance, to put together a list of five money tips every Australian should know.

Editor’s note: Please note that pay day loans generally have very high interest rates, so please consider the pros and cons of pay day loans before moving forward.

1. Create a Budget and Stick To It

The initial step to taking control of your finances is creating a budget. A budget is a plan for how you want to spend your money. Without one, it’s all too easy to overspend and find yourself in debt. But with a budget, you can make sure your spending aligns with your goals and values. There are tons of different ways to create a budget, so find one that works for you and stick to it!

2. Save, Save, Save

Saving early and often is one of the best things you can do for your future. No matter how much or how little you make, setting aside some money each month is a great way to ensure you have the financial resources you need when tough times come knocking. And even if everything is going swimmingly at the moment, it’s always good to have a rainy day fund for unexpected expenses. Trust us, and you’ll be glad you did!

3. Invest in Yourself

One of the best investments you can make is in yourself. Whether it’s taking a class to learn new skills or investing in your health with regular exercise, taking care of yourself will pay off in the long run. Not only will you feel better and be more productive, but you will also be less likely to face financial challenges in the future as a result of illness or injury. So take care of yourself, and your finances will thank you!

4. Live Below Your Means

If there’s one surefire way to stay out of debt and build up your savings, it’s living below your means. In other words, don’t spend more than you earn! It may seem like common sense, but it can be surprisingly difficult to stick to in practice. When tempted by those shoes you just have to have or that fancy new car, remember that they’re not worth going into debt for—no matter how good they look sitting in your driveway. Trust us, and your bank account will thank you later.

5. Know Your Financial Goals

Before taking any steps toward improving your financial situation, you must know your goals. Do you want to get out of debt? Build up your savings? Save for retirement? Once you know what you’re working toward, you can tailor your budget and spending habits accordingly. And remember, Rome wasn’t built in a day—give yourself time and grace as you work toward reaching those goals.

What Are Financing Options Available to Help Me Achieve My Goals?

Various financing options are available to help Australians achieve their financial goals. For example, you can use personal loans for multiple purposes, including debt consolidation, home improvements, and even wedding costs. And because personal loans are unsecured, you won’t have to put up your home or car as collateral. It means you can get the money you need without having to worry about losing your most valuable possessions if you can’t make your repayments.

Furthermore, personal loans can provide competitive interest rates as well as flexible repayment terms, making them an appealing option for those looking to consolidate debt or make a large purchase. If you’re interested in learning more about personal loans, many lenders offer online calculators that can assist you in determining how much you could borrow and what your repayments might look like.

So there you have it—five essential money tips every Australian should know. By following these tips, you’ll be well on achieving your financial goals. And if you’re ever in need of a little extra help, remember that various financing options are available to get you back on track. Additionally, many lenders offer online resources to help you better understand your finances and make informed decisions about your money. So don’t be afraid to ask for help—after all, we’re all in this together!

Do you have any other money tips to share? Let us know in the comments below!


Is your debt-to-income ratio rising faster than you can keep up? Consider house hacking. Successful house hackers turn their spare bedrooms, garages, and even attics into extra income every month. The benefits of house hacking are twofold: you can pay off your debt faster and increase your home equity. Keep reading to discover how house hacking can help you eliminate debt.

What Is House Hacking?

House hacking is the practice of renting out the property you currently live in. There are many ways to pursue house hacking. Traditionally, house hackers are people who own a multi-family property, live in one unit, and rent out the others. With real estate prices reaching new highs across the country, more homeowners are simply renting out rooms within their single-family homes or condos.

House hacking a single-family home is like having roommates, except you’re the landlord. You’ll be responsible for collecting rent, screening tenants, and renovating the property as needed. The monthly income will help you quickly pay off your mortgage or other forms of debt. 

Tips For Making Profit & Paying Debt Off Faster

If you’re considering house hacking to pay off debt, there are a few things to keep in mind. House hacking is similar to starting your own business, and every successful venture needs a well-formulated plan.

Buying a Home For House Hacking

House hacking can be a great way to buy your first home without taking on too much debt. The most important tip is to buy a home within your means. You may feel enticed to expand your homebuying budget since you won’t be responsible for the whole mortgage. However, you should try to keep your expenses as low as possible. After all, the goal is to eliminate debt quickly.

Location is one of the most important factors to consider when choosing a rental property. The right location can make your property more attractive to potential tenants and help you generate higher returns. Start by researching areas with large rental populations.

In addition to being profitable, you also need to find an area where renting is legal. If you’re planning to modify your home for house hacking, be sure to brush up on local building codes and zoning laws first. Some HOAs and condo associations have rules prohibiting rentals or enforcing occupancy limitations. Make sure to check the rules and regulations before committing to a property.

This legwork needs to be done before you buy a home you plan to house hack. Otherwise, you could end up with more debt than you started with.

Setting Rental Rates While House Hacking 

Your rental rates can make or break the success of your house hacking endeavor. If you price your rooms too low, you’ll lose income. Overpricing your rentals can drive away tenants and leave you covering the costs of vacant rooms.

The 1% rule provides an easy framework for setting rental rates. This rule suggests that your total monthly rate should be, at minimum, 1% of the home’s purchase price. Therefore, if you purchased a home for $250,000, you could reasonably charge $2,500 per month for rent.

Most house hackers rent their homes to multiple parties. If this is the case, it can be helpful to set room-by-room rates. For example, if that $250,000 has three bedrooms, each room could be priced at around $833 per month. You can get even more granular by measuring square footage of each room and charging extra for perks like en-suite bathrooms.

Be sure to also include utilities with your rental prices. To do so, take your average monthly bill, divide it by the number of tenants, and add that number to the monthly rate.

Estimating Your Monthly Income & Living Expenses

To ensure you’re on track to pay off your debt via house hacking, you need to estimate your earnings before starting. You can do this by calculating your gross income.

Your gross income is your total monthly rental income before expenses. Next, calculate your monthly cash flow by dividing gross income by 12 and subtracting your monthly mortgage payment.

Don’t panic if you end up with a negative monthly cash flow. A negative cash flow represents your living expenses, which will be significantly lower than they would be if you lived alone. The money you save every month can be put towards any debt you have, tucked away in your emergency fund, or reinvested towards your next venture.

House Hacking a Multi-Family Building

One of the most common ways to house hack is to buy a duplex, triplex, or fourplex. These buildings offer the opportunity to generate rental income, but come at much higher prices. The prospect of providing a 20% down payment on a multi-unit property scares off many would-be house hackers. Fortunately, there are several ways to buy multi-family real estate without hefty down payments.

The most common strategy is to use an FHA loan.  FHA loans are government-backed loans that allow buyers to put down as little as 3.5%. The only stipulation is that you have to live in the unit as your primary residence.

Other Creative House Hacking Strategies

If you want to house hack your single-family home, but don’t want to have tenants in your space, you can potentially modify your home to create more privacy.  Consider building a mother-in-law suite with a private entrance or convert your basement into a rental unit. If you’re especially handy and own a large lot, you can construct a separate dwelling in your backyard. Just brush up on zoning laws in your area before breaking ground!

Another option is to rent out extra space on Airbnb. This can be done by renting out a room in your house or renting out your entire home while you’re away on vacation. This can be a great way to generate extra income if you live in a popular vacation destination.

Use House Hacking to Reach Your Financial Goals

House hacking can be a great way to slash your bills and pay off your debt faster. By following the tips we’ve outlined in this post, you can buy an affordable house and set competitive rates so that you can start saving money right away. Once you’ve paid off your debt, you can enjoy a steady stream of passive income plus full equity of your home.


Most of us desire to become more prosperous and wealthy in life. Yet, not too many of us consider ourselves to be highly successful considering our money, relationships, and even spirituality.  So what’s the secret to achieving financial success? Financial success can be achieved by doing the right things. If you want to accumulate a certain level of wealth, you have to be willing to play the money game. Managing your money is even more essential in the process of job seeking and salary negotiations require a deep understanding of how to deal with our finances. 

What is the Money Game? 

You have to play the money game long enough to become good at it. The good thing about it is that you can learn it. Often, people resist for various reasons to learn to play well at this game. If you don’t like money, including having negative beliefs and thought patterns about it, money won’t like you. We are generally attracted to things and people, which and who are also attracted to us. The money game is also supposed to be one, where you double your money.

The question is, how soon can you double your money? What risks are you willing to take up? You should know the amount you want to reach in a given time. For instance, I want to have a million dollars in 10 years. Then, based on the current amount of money you have, you have to start playing the doubles game. In other words, how many times do you have to double your money to get to one million dollars? If the risks and period are clear, you are on the right path.

Pictures of different times of money

Photo by John McArthur on Unsplash

Money in a way needs to be tamed. We, as people, don’t like to be romantically involved with a desperate partner. Money similarly doesn’t like desperate people. You need to learn to attract money in a certain way. The right order should not be letting money attract you, but you should attract the right amount of money into your experience. It’s a kind of seduction game, which, if you learn to play it well, money can start to flow in your life from different sources. It is also important to strategize your money based on your risk to prevent unexpected risks.

The Types of People Money Like

This is not a guessing game; money is attracted to people who know exactly what they are doing. Similar to women who prefer men that know what they are doing, hence are attracted to those types of males. The next thing you should consider is timing in business. It is when you have to cut down on your expenses to be able to expand your business into new territories. You often have to listen to your inner voice which alerts you to cut down on extra expenses on time!

The best way to learn good timing is through experience. The best timing to buy, invest, when you can just maintain your finances without much progress, timing on when you stay liquid, etc. All the decisions you make have a crucial aspect of timing. Money, on the other hand, needs movement, similar to the body’s circulation. Your money could get easily bored. If your money stays too long in an account, chances are, it’s going somewhere where it is used better. 

If you keep money somewhere, and it isn’t working, it usually goes to someone else who understands it more. Don’t we do the same in our relationships? If we get too bored with our partner, we tend to move on, especially in our instant society, to someone who better understands, and treats us, so we don’t get too bored next to this person. If you want to get the best results, make sure that your money is always on the move, making even more for you. 

Having a Crises Account

It is your must-have account no one should know about, anyhow weird that may sound. None of your family members, partner, husband, wife, friends, co-workers, and even kids. What should you use this account for?  This account should be strictly used in a crisis, which doesn’t mean emergencies! 

It can sit on your savings account, or you could keep it as cash somewhere hidden in your home. This should be an extra account besides your emergency one! A secret crises account can save your business, or life one day! No one knows about it, yet it does what it is meant to do: save the things that seem to be inescapable! If you’re having trouble finding your dream job, it is important to maintain mental fortitude. Using job search platforms such as Lensa allow you to test your skills to provide more accurate job recommendations and thus more opportunities.

Picture of red circle with title emergency pull

Photo by Jason Leung on Unsplash

Having a Lavish Lifestyle

You shouldn’t lead a lavish lifestyle just to show off. You shouldn’t spend too much on things like first-class flight tickets unless you have at least millions of US dollars in your bank account. If you fly frequently and save the extra expenses on business flights, you could use that amount to employ extra staff in your business, or on advertising. You should think twice about what things you want to spend an extra amount of money on, which could create more value elsewhere.    

Crises Mentality

Crises is being promoted by mass media because when people hear about it, they can be kept in fear. If you look at the credit crunch in 2008, when the financial market plummeted, everyone started to pull their money out of the stock market. If you had left your money in some shares, imagine what it could be worth today! A lot of compounding money was lost because people started panicking out of the end of the world mindset. Better to learn to manage crises times!

The smartest people tend to become wealthy during these times of crisis! In these times the cash that you set aside earlier could bring you unexpected results! This is not the boring money you keep and don’t allow it to move, this should be your crises money, that no one knows about! Do you remember? History shows, when there is a crisis, several people always become wealthy! Because you can get everything at a discounted price!

Study Your Politicians and Tax System

You need to have a clear picture of your tax system at all times. If you study the decisions of your politicians, especially of your prime minister’s, then you can always adjust your taxes accordingly. If they cut down on taxes, you need to change your lifestyle correspondingly. This could be a great time to start your business for instance. You always need to move with the current!

Never Compare Yourself With Others

You should never compare your financial level with your family members, friends, or anyone. You only have to focus on your money game, not on others’. You cannot play your game at the level of someone much higher than you because it is not the same game! If you played on their levels, not learning all the lessons they have to get to that level, chances are, you would lose a lot of money! You need to climb your space on the money ladder.

You may not want to become a millionaire or a billionaire! You may want to have $ 5 million a day, that’s fine! You need to make sure you are happy with your game and don’t do something which isn’t for you. Have a strategy, and put a plan next to it that works for you. Stop comparing yourself with others!



Commercial land for sale

Considering that we’ve all watched inflation spiral upwards during the first half of 2022, you may be looking for an investment that will protect you against it.

One proven strategy: find and purchase commercial land for sale

Before we investigate how land can be an effective hedge against inflation, let’s look at some of the factors that have caused our current woes.

Factors That May Cause Inflation

Inflation can appear complex, as almost every period of inflation is caused by its own unique combination of factors. 

However, the basic cause for inflation is when imbalances in supply and demand result in higher prices

Here’s what’s been going on since mid-2021:

  • Wages have increased due to some of the lowest unemployment figures in 50 years. For this reason, many employers were forced to increase the prices of their products and services.
  • Fuel prices rose because of sanctions protesting Russia’s invasion of Ukraine. Together with some OPEC members limiting production, this resulted in global fuel shortages. 
  • While consumers minimized spending during 2020-2021, the easing of travel restrictions resulted in many Americans deciding to “shop till they drop.” 
  • Supply chain problems caused by COVID are still affecting the retail markets, causing shortages that drive up the prices of these products. This is a capitalist economy’s classic “supply vs. demand” factor.

While the Federal Reserve has taken steps to slow inflation, some investors are looking for alternatives to stocks and bonds, like commercial land ownership.

Why Commercial Land Buys Are Popular with Savvy Investors

Real estate has been praised as a solid, long-term investment by millionaire investors and even some presidents. 

Here’s what Teddy Roosevelt had to say about it:

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent.”

There are several reasons why Roosevelt made this statement. Let’s take a look.

How Commercial Land Ownership Can Beat Inflation

Unlock many stock market investors, owners of commercial land usually don’t stress over the value of their investment. 

Here are some reasons why:

  • As the price of their land rises over time, it will lower the Loan-to-Value (LTV) of any fixed-rate mortgage debt used to purchase the land, while the mortgage payments’ principal and interest remain the same. 
  • As a result, the landowner’s equity — the amount repaid on the financing, plus the increased value of the land — increases. 
  • The landowner doesn’t have to worry about a sudden stock market dive, as land is a long-term investment. 
  • The landowner can increase the land’s value with commercial buildings, then collect rents. This will also increase the overall value of the investment when it’s time to sell.

If you’re ready to begin shopping for commercial land for sale, here’s where to begin.

Locating Commercial Land for Sale

Unless a potential buyer has plenty of time to search through land listings and is an experienced negotiator, a real estate agent or broker specializing in commercial land is a smart choice.

Buying vacant, undeveloped land near an existing commercial development may help to increase its future value.

Picture of building

Photo by Unsplash

Why buy with an agent or broker?

Almost all commercial real estate (CRE) agents (and every broker) have invested time and money to obtain a state real estate license.

  • In addition, most CRE agents have a college degree in business, finance, or a similar major. This is because commercial land is often more complex than residential homes.
  • CRE agents are highly trained. This means that you can rely on your agent to explain capitalization rates, internal rates of return, and related topics. 
  • CRE agents can often assist you with locating the ideal lender. 
  • Perhaps most important, a CRE can negotiate the best possible purchase agreement. This is when a smart CRE earns his or her commission. 

Working with a commercial real estate agent to locate commercial land can help you achieve your investment goals with minimal stress.

Man and woman at work in buidling

Photo by Unsplash

If you plan to obtain financing for your commercial land purchase, locating the right lender is the best next step. But before you do this, you’ll need to decide what type of commercial land best suits your plans and budget.

Types of Commercial Land

You will need to be specific about your need for a land-only loan and which type of land you plan to purchase. 

This is because lenders follow different guidelines for each type. 

  • Undeveloped land can be classified as either raw, unimproved, or improved. 
  • Raw land does not include utilities such as water, electricity, or sewers. 
  • Unimproved land may provide access to some but not all necessary utilities.
  • Improved land includes access to roads and all utilities.

For example, loans for undeveloped land may have slightly stricter qualification guidelines, such as:

  • Higher down payments of up to 50%;
  • Higher credit scores of 700 or more;
  • Higher interest rates;
  • Shorter terms of five years or less.

While you may be content to make the repayments on your land as you watch your equity levels rise, you may decide to put the land to work for you as well. 

Here are some ways you can do this.

Build on Your Land and Pump Up Your Volume

Commercial land investors can earn additional income with the following.

Building a multi-family property. A two-to-four-unit building or apartment complex can give you a secondary hedge against inflation.

  • As inflation rises, rental rates can be adjusted upwards. Meanwhile, your mortgage will see minimal change, especially if it’s a fixed-rate loan.
  • While there may be costs involved with managing tenants, these generally outweigh the monetary benefits of collecting monthly rents. 

Building a retail property is another option. 

  • While these tenants will require more management than residential rentals, you will have the option to negotiate a longer lease.
  • Since most commercial real estate leases are “triple net”, or NNN, this means the tenant will pay many property-related expenses, including utility bills and maintenance fees.
  • As utility and maintenance fees rise with inflation, you (as a combination landlord/owner) will be insulated from the effects on the property’s cash flow.

Commercial Land as a Hedge Against Inflation

Commercial land real estate can be a smart, lasting hedge against inflation. Long-term property values tend to stay on a steady upward curve, even if an economic event causes values to fall temporarily. 

Commercial real estate investments can also provide additional income for investors who build on their land. 


We all know very well that knowing how to manage and dispose of money is a very important skill. 

Therefore, parents must be the ones to teach children basic things about finances and money so that they will be self-reliant and independent in the future. 

Taking into account all of the things you need to know in terms of the top choice kids credit cards for parents to choose from, we are here to cover all of the basics. 

1. Describe to the children the difference between wishes and possibilities

It is very important to instill the right values and qualities in children, so you have to be strict sometimes in order for them to understand you. 

You have to explain to the children that there is a big difference between wants and needs, and that every trip to the store is not for buying toys and sweets, but for essential things for family life. 

You also have to teach them that money is not happiness, that it is necessary but not the most important thing, and that not everyone is lucky enough to have everything they want. 

Children must also be socially sensitive, understand that money must be donated to the needy, and volunteer to help those who are not as fortunate as they are.

Going to the store 

When you go to the store, make a shopping list together. Agree to buy only what is on the shopping list. 

Have the children hold the paper and cross off the things you bought on it.

After returning from shopping, give some of the change to the children to put in their piggy bank, or write the rest on their debit card electronically. Explain to the children why it is good to save and manage money sensibly. Sometimes we can treat ourselves and buy ourselves what we want.

2. Owning a credit card as a learning method 

A credit card is a very good option for your child to understand what money is and how to use it wisely. As there are many options on the market, it is up to you to choose the one that best suits the needs and capabilities of your family.

3. What is a kids credit card?

In order to open an account and make a credit card for the child, you must do it on their behalf, providing your and the child’s personal information. When you make a card, you have to load it. That is, you have to transfer funds to it to activate it. 

Mobile applications have provided lists for household chores, extracurricular activities, curricular activities, charity work, savings plans, spending amounts, donating part of the money, and many other benefits.

4. Giving them tasks and chores, bonuses and punishment points through the app

In order to teach children how to allocate money correctly, you must give them tasks and responsibilities that parents decide at their own discretion. 

Bonuses and rewards are introduced on a weekly or monthly basis, depending on your wishes, in order to stimulate them to further save and properly dispose of money.

If they complete the assigned tasks and duties, you can reward them by donating money through the mobile app .

You have to be selective and strict with children if they slack off, and punish them with certain points, either by reducing the budget or simply by taking on some additional household work.

5. Best credit cards for kids

We will briefly highlight the best choices for children’s cards, and it is up to you to decide which option best suits your family.


BusyKid is one of the best on the market, offering 5 cards for a fee of $4 per month and $39 per year. It is ideal for families with children and for teaching children about the financial world. 

Busykid contains an application that offers options for earning, saving, donating, and spending. The possibility of investing in shares within the application is innovative, which attracted parents even more.


FamZoo is also one of the better options, offering a joint account for parents and children. It helps to create healthy habits in children. 

It also contains an application that offers lists of tasks and obligations. You can try this type of card for free, but if you choose this option, you will pay $6 every month.


GoHenry is a financial app that comes with a debit card and is designed with the intention of educating young children. 

Children aged 6–18 can have this type of card, where in the application they have various obligations, tasks, activities, and goals that they must fulfill within a given time. This type of service costs $4 per child.


The gig economy has become something of a trend post-pandemic, and for good reason. There are many opportunities to be successful and piece together an awesome overall career through a series of freelance jobs. However, that does not mean that it is without its points of consideration. Before you say goodbye to a traditional 9-5, here are a few things to think about to help you determine first, if the gig lifestyle suits you, and second, if it does, how to be successful.

Financial Freedom

As a freelancer, you already know how much work goes into running your own business. Contrary to being an employee, you’re responsible for every aspect of your company, including the finances. Working for yourself means finding ways and having the financial backing to grow your business. While some freelancers may think they won’t qualify for a loan, that’s not the case. While there are stipulations that you have to follow, it’s possible to get a loan. There are AOF small business loans for self-employed that are now considered the norm, especially with so many people becoming sole proprietors.

As with any type of loan, you’ll likely need to provide documentation that shows your current income and financial projections for the future. For instance, say you ventured out on your own and are a self-employed marketing consultant. You’d want to provide a business plan that includes financial forecasting for at least the next two years. You also need to provide proof that you’re able to grow your business without being seen as a risk. Specifically, it’s a good idea to provide a list of past and current clients who your work with.

Advantages of Freelancing

Working for yourself is freeing. You can work when you want, set your own hours and even work while on vacation. You also determine how much your time is worth. It’s not uncommon to be under paid, even in high-paying positions. However, once you decide to venture out on your own, you can set your hourly wage to reflect your educational background and skillset. Another thing to consider is that with the gig economy expansion, the demand also continues to grow. That means you now have the power to market yourself online and on multiple freelance websites to build your own empire. As more corporations shift towards a freelancer-only model, you could find work with major brands who pay well but still let your work for yourself.


Being your own boss is great, however, there are a few things to consider. As a self-employed individual, you may have to compete for work, meet tight deadlines, and possibly not get paid. That’s why you need to be prepared prior to going out on your own. If you’re still working a 9-to-5, you need to save as much money as possible. This includes building an emergency fund in case there are eventual gaps in your income. 

You can work your side gig on the weekends until you have saved enough money. A good rule of thumb is to have at least three to six months in the bank before you quit your day job. Since it takes time to gain momentum, you don’t want to let go of steady income until you are sure you can replace it. Many freelancers make this mistake early on, only to find themselves having to ask for their job back or having to find another one until they start to earn a profit on their own.