There are plenty of times in life when your savings and income aren’t quite enough to cover the cost of something you desperately want or need.
You may have heard about the option of applying for a personal loan  with your bank, but unless you’ve had one before, it can be tough to know what you can use them for. The short answer is: almost anything!
Here are three examples of things perhaps you didn’t know you can use a personal loan  to pay for!
1. Switch to energy-efficiency in your home
Australians are becoming more and more aware of the importance of being energy efficient, both for the environment and their bank accounts.
In fact, a 2011 Australian Bureau of Statistics survey  found that 45 per cent of Aussies considered the energy star rating to be the most important factor when purchasing new appliances for the home. If you know that your home could be more efficient with new light bulbs, higher energy rated appliances such as dishwashers and washing machines, and even solar panels, you could use a personal loan to make the switch.
This can be a great investment as it may add to the resale value of your home, and you should spend less on energy bills each month. Plus, you’ll know you’re doing your part to help the environment!
2. Go on the honeymoon of your dreams
A honeymoon is a once-in-a-lifetime chance to explore somewhere new with your new spouse, and it’s common to want to try something a little more lavish than usual.
If you’ve just spent a lot of saving on the wedding itself, a personal loan may be just what you need to finalise the cherry on top with a honeymoon somewhere fantastic. Australian company Honeymoons  found that Aussie couples are spending $850 million per year on flights and accommodation alone, so a little extra cash will no doubt come in handy during this time.
3. Retraining or studying
If you’ve found yourself in a job or a career you don’t enjoy, it’s important to remember that you’re not stuck there. You can use the help of a personal loan to pay for training or study in a field you love, so you can start enjoying the work you do.
This is an investment in many ways, from the potential to earn more in your new career, to simply enjoying life a lot more and no longer dreading Mondays!