Renting out an extra room in your home is an excellent way to make some extra money and add another income stream. This won’t appeal to everyone, but if you are looking for extra money and aren’t adverse to someone else living in your home then there are some great benefits to doing so:

• Extra income that could help pay off your mortgage
• Make new friends
• Help pay off debt
• Protecting yourself by creating another income stream

But before you rush out and put up a For Rent sign, you may want to stop and consider a few things:

Do you have something you are saving for?

Is it a holiday, a new car, or even your first home deposit?

Today I want to show you a simple trick that will make your saving easier. It’s so easy that you will probably wonder why you didn’t think of it yourself.

The Goal

The first thing you need is a very specific idea of what you are saving for, and how much you will need to save to get it.

If you are saving for a holiday for example, where is the holiday to? How much will it cost you, including airfares, travel once you are there, food, accommodation, random…

Saving money is one of those things we all want to do well, but most of us struggle with.

In the pursuit of getting some saving tips, I turned to our Fans and Followers on Facebook and Twitter to see what everyday Aussies do to save money.

The result was a pretty good list of how you can save money everyday with little effort. Before we get into the…

Worrying about money is one of the biggest sources of stress for a lot of people, especially at this post-Christmas time of year. But there are several ways you can start to reduce money-related stress in your life:

• Get educated about personal finance & your own financial situation by calling your friendly credit union
• Build up an emergency…

Christmas is a fun and happy time of year for so many people, but there is also the darker side to Christmas and New Year which many don’t think about until late January or early February – the post-Christmas bills!

All those extra purchases you didn’t budget for and the over-use of your credit card will be showing themselves sooner than you think, and your budget may get very tight in about a month as you try and repay those Christmas and New Year purchases.

What if I told you there is an easy way to have more than enough money for next Christmas without all…