Not everyone is in a position to invest immediately. If you are able to purchase an investment property outright, or have already saved a substantial deposit, then you don’t need to read this post.

This particular post is for younger women, or anyone out there who wonders how you will ever get a deposit together for an investment, especially if you are having trouble making ends meet now.


Here’s the thing about money. Whatever you believe is true, is true! If you believe money is hard to come by, then it will be hard to come by for you. However, it is not my intention to delve into the way money works. There are many books on the market covering this subject, but my all-time favourite is Cash Flow Quadrant by Robert Kiyosaki. Mr. Kiyosaki’s book is very readable and explains clearly what passive income is, and why your goal should be to start earning some as soon as possible. I also recommend you watch the DVD The Secret by Rhonda Burns. The Secret is a fun and engaging way to learn from the world’s best teachers on personal and financial matters about how your mindset affects your life choices and your financial outcomes.


Regardless of what you believe, some basic housekeeping knowledge about finances is a ‘must’ for everyone. Just like housekeeping, in which there are daily chores to be done to prevent chaos from reigning in the home, there are also some regular chores to attend to regarding money. If you don’t pay attention to your financial chores, you will lose money, in the same way we seemingly lose our socks into thin air at home–where do they go?

With the permission of Australian Securities and Investment Commission (ASIC), I have quoted below some information from their website. However, I strongly encourage you to go to the website and fill out their budget planner. There is even an app that you can use to track your expenses.

Why Create A Budget?

Creating a budget helps you get off the treadmill of living from one pay packet to the next. It enables you to sort out your money priorities and find the right balance between spending and saving. A budget allows you to pay off a credit card or loan, to better plan for when your big bills will be due, and to save up for a holiday or large purchase.

Preparing Your Budget
Use our budget planner to plan where you want your money to go. Choose a time period for your budget that suits your lifestyle–for example, a week, a fortnight or a month.

Budget Planner
When planning your budget, it is helpful to look at the money coming in and going out across a whole year. Include regular payments, such as your rent or home loan, phone and electricity, and car or public transport. Your bank statements, bills, credit card statements, receipts and shopping dockets will help you to work out all your expenses.

Add in all the money that you receive or are paid over this time period. This could include your pay from your full-time or part-time job, any casual work, your pension, government benefits, child support payments and any income from investments.

When working out your money priorities, think about which items in your budget you need for your basic living expenses and which are extras or things you could maybe do without if you needed to save some money.

Using Your Budget
If you are trying to save money, look at your budget and find ways to cut back on the extras. Try and budget a specific amount for fun, leisure and personal expenses, but don’t make your budget so tight that you won’t be able to stick to it. Use the savings plan to keep you focused on your goals.

Smart Tip
The best way to save is to put money into a separate savings account as soon as you’re paid, and before you get the chance to spend it.


The above may seem like very basic advice to some people, but there is a far greater percentage of households not running with a budget than those running with one. We can’t maintain our budgets entirely in our heads. In these times of direct deposit into our bank accounts, we don’t even see our money. By creating a simple budget, and by allocating money to a savings account each payday, you will soon find that it develops into a substantial amount. My rule is to first save until reaching $5,000 in a regular online account, and then I transfer it to an account with a higher interest rate. When I have accumulated $20,000 in the higher interest account, I transfer the money to my super fund or property trust.

I used this method to save for my first real estate investment, and I continue to use a similar budget each month to track every dollar our household spends. This method forces me to keep receipts and reconcile bank accounts, and allows me to plan for larger bills, holidays and future investments.

Finally, yes, the first deposit is the hardest to save. But the sooner you start, the sooner you can invest. It is like a diet; if you don’t start today, but continue to procrastinate, in a year you will still weigh the same or even more! Saving is the same. It is a daily discipline, so start saving today. Otherwise, you will find that in a year you will still not have any savings and could possibly be even further in debt.


Lillie Cawthorn, author of the bestselling book The Money Factory: How Any Woman Can Make An Extra $30,000 To $100,000 Passive Income wants to share her wealth of knowledge easily and effortlessly with you for FREE. Start your journey now to greater wealth through passive industrial real estate income and capital appreciation with one, or all, of these FREE offers:

  1. Download a FREE digital version of Lillie’s book The Money Factory NOW!
  2. Register today for an upcoming seminar Aspire To Invest; 7-Power Tips For Investing In Industrial NOW
  3. To jump the line to your financial greatness through effective industrial real estate investing, talk directly with the Best Selling Author Lillie Cawthorn herself by registering for a FREE Investing In Independence Consultation.