7 Reasons Infinity Group Australia Suggests Using Cash to Stay Out of Debt


At Infinity Group Australia, MPA Top 100 Broker Graeme Holm and his team guide Australian families to financial fitness. With ongoing support from Infinity Group Australia, families reduce debt, create wealth, and secure financially fit futures.

Careful planning, detailed reviews, and a variety of strategies are used to help clients stay out of debt. One strategy suggested by Infinity Group Australia is using cash only.

Graeme Holm’s Cash-Only Philosophy

Across multiple meetings, the Infinity team helps clients develop and implement a weekly cash-based budget. The budget covers expenses such as groceries, fuel, travel, entertainment, and more. Graeme Holm says his financial philosophy is: “If you can’t pay cash, then you’re not buying it! At Infinity, we give every dollar a purpose and focus on teaching the difference between a want and a need while keeping you accountable to your goals.”

Holm explains that frivolously spent money could instead be used to reduce daily interest by sitting in your mortgage. Many people forget that interest is calculated daily and charged monthly. With Infinity Group Australia, the goal is to reasonably mitigate expenditures in order to pay off loans as quickly as possible.

In 2015-2016, nearly 30 percent of Australian households were found to be “over-indebted.” Holm believes that credit cards are a big part of the problem. “We are very aware that most families spend what they have direct access to, so credit is an ongoing enemy of the average Australian family,” he says.

If credit cards are part of the problem, then cash is an obvious potential solution. Before we explore seven reasons using cash can help you stay out of debt, let’s take a look at some background on Graeme Holm and Infinity Group Australia.

About Graeme Holm

Graeme Holm is the director of Infinity Group Australia, with locations in Bella Vista, Cronulla, Melbourne, Brisbane, and Port Macquarie. Holm’s career in financial services spans over 17 years, with his first decade spent in a Big Four banking environment.

There, Holm noticed that most clients were living paycheck to paycheck and making only minimum loan repayments across the 30-year term. In 2013, Holm and his partner (in life and in business), Rebecca Walker, combined their passion for finance and their desire to get a better deal for Australian families, and Infinity Group Australia was born. With a supportive client-first approach, Holm aims to help everyday Australians reduce their debt and secure their futures.

About Infinity Group Australia

The award-winning Infinity Group Australia offers services in debt reduction, wealth creation, property investment, and retirement strategies. Unlike many other financial institutions, Infinity Group Australia provides customers with ongoing guidance and support, ensuring their financial success.

And the unique approach gets results: With help and resources from Infinity Group Australia, clients eliminate an average of $41,000 in debt within 12 months. 100 percent of clients pay more off their home loans in just three months with Infinity Group Australia than in the full 12 months prior.

7 Reasons Infinity Group Australia Suggests Cash

One component of Infinity Group Australia’s highly successful approach is using cash to stay out of debt. If you’re hesitant to give up the credit cards, here are seven reasons cash might be the way to go.

  1. Credit cards are too easy.

From a psychological standpoint, credit cards are just too easy to use. Studies show that when using plastic, people spend more money. Let’s say you’ve found a gorgeous pair of shoes for $150.

Which would be more difficult: swiping your credit card or physically handing over 150 of your hard-earned dollars? For most people, it’s the latter. Quickly swiping a piece of plastic in exchange for the latest in technology or fashion isn’t difficult or painful. On the other hand, cash forces you to visualize just how much money you’re spending.

Graeme Holm and Infinity Group Australia understand this concept, and they apply it to help families make financially savvy decisions. Instead of thoughtlessly swiping your credit card, Infinity Group Australia suggests using cash and thinking twice.

  1. Cash makes it easier to track your spending and stick to a budget.

The hardest part of budgeting isn’t making a budget—it’s sticking to it. You may have the best intentions to spend a set amount of money each week, but it’s easy to lose track of spending when you’re using a credit card. It’s also easier to feel like you aren’t spending “real” money and make excuses for your extra spending.

Instead, try taking out the amount of money designated in your budget each week. Cash allows you to easily see how much money you have remaining. Once that money is gone, you can wait until the next week before buying anything else. When it comes to spending, self-discipline is hard, but cash can help.

Infinity Group Australia starts with a fact-find that goes into extensive detail around household expenses and ongoing family needs. With this information in hand, the team collaborates with clients to develop a weekly cash-based budget.

And Infinity Group Australia’s work doesn’t stop there: Clients receive a monthly performance report that allows them to determine if they are reaching their goals and expectations or if adjustments need to be made to the previously developed budget.

  1. Putting off purchases helps you make better decisions.

When using a cash-based budget, you’ll have to save up for larger purchases. With a credit card, there’s no delayed gratification. You see it, you want it, you swipe the card, and you worry about it later.

Putting off purchases can ultimately help you make sound financial decisions. Sometimes during the wait, you might decide you don’t want or need the item in question after all. Or you can spend time researching more affordable alternatives and special deals.

Infinity Group Australia can help you make the most of that extra money to reduce your debts and build a secure financial foundation for your family.

  1. Reduce consumer debt.

Credit cards allow us to spend money we don’t have, which can quickly result in debt if we aren’t careful. Using credit cards also ends up costing us more because of interest.

With cash, you don’t have to worry about going into debt or paying interest. Cash forces you to spend only the money that you physically have in-hand. Since Infinity Group Australia is committed to reducing your debt, they suggest cash as one strategy that will help you do so successfully.

  1. Avoid hidden fees and technical difficulties.

In some cases, swiping a card carries an additional fee. Sometimes, these are hidden fees that you aren’t informed about until you see your statement after the fact. Again, cash helps you manage your spending without losing any extra money.

Plus, have you ever been at the grocery store or trying to make a quick purchase, only to be prevented from using your card thanks to technical issues? It’s extremely inconvenient—but you don’t have to worry about that if you use cash!

  1. Save your change!

Another small way that cash can help you save money is by saving your change. It may not seem like much, but coins add up over time.

Try getting a change jar and asking each member of the family to deposit their extra coins. When you deposit your coins at a bank or use a coin counting machine, you might be surprised how much you’ve collected!

  1. Infinity Group Australia Reviews show that this process works.

Infinity Group Australia reviews show that using cash (and following other Infinity Group suggestions) pays off.

“An expert told us that we were not in a position to buy an investment property. Since joining Infinity, we have four and own our own home,” say Andrew and Karene Shephard.

NRL player Jayson Bukuya says, “Thanks to the Infinity team, we’ve now purchased our first family home, which we never thought we’d be able to do.”

Customer Trent Cook explains, “Graeme has educated us and helped us with investment options we never thought were possible or in our reach.”

And Douglas Geary is experiencing the financial comfort and freedom of paying off the family home loan very quickly. “Through their support and advice, Infinity Group enabled us to achieve the financial freedom we want leading into our retirement.”

With guidance and support from Infinity Group Australia, clients are able to reach their financial goals, reduce stress, and live comfortably.


Graeme Holm and Infinity Group Australia put their clients first, doing everything in their power to ensure financial success for everyday Australian families.

As part of this process, Infinity Group Australia suggests using cash or debit cards instead of credit cards. This strategy allows you to reduce debt, save money, and make better financial decisions.

Combined with the other strategies you’ll learn from Infinity Group Australia, this approach can help you secure the financial freedom you’ve always wanted for your family.




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