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:

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…

We talk a lot on Personal Money about cutting costs and saving money, and one of the reasons we do this is so that you can start paying down your debt and making a better life for yourself.

But what happens when you do all the right things like cutting back on costs, reducing your bills Read more >

Posted in Saving Money