Practical AI guides designed to help Australians over 50 save time, stay organised and make more confident decisions — one topic at a time.
Artificial intelligence is changing what's possible for everyday Australians. Tools like ChatGPT, Claude, Perplexity and NotebookLM can help you understand complex information, plan ahead, save time and learn almost anything — at your own pace, in your own words.
Lorraine's AI Library is a curated collection of practical guides — each one focused on a specific topic and designed to help you get real results from these tools, even if you've never used AI before. Guides are organised into six areas of everyday life.
Important: AI tools provide general information based on what you tell them. They don't know your full situation and can't provide personal financial, medical or legal advice. Always verify important information and consult qualified professionals for significant decisions.
How to use AI to calculate your emergency fund target and build a savings plan — in under ten minutes, at no cost.
Many Australians know they should have an emergency fund but aren't sure exactly how much to save or where to begin. This guide shows you how to use ChatGPT as a financial thinking partner — walking it through your household expenses and income to produce personalised savings targets for 3, 6 and 12 months of cover.
The result is a clear, specific starting figure you can work towards — along with a monthly savings plan that fits your actual income, rather than a generic rule of thumb.
Open ChatGPT, paste the prompt below, and fill in the figures in brackets with your own numbers before sending.
Act as an Australian financial coach. Help me calculate an emergency fund for my household. My essential monthly expenses are approximately $[AMOUNT] per month. Please: 1. Calculate savings targets for 3 months, 6 months and 12 months of cover. 2. Briefly explain which target might be most appropriate for someone in my situation: [describe your employment, household and any dependants]. 3. Suggest a realistic monthly savings plan to reach my 6-month target, based on an income of approximately $[INCOME] per month after tax.
Replace items in [brackets] with your actual figures. The more specific you are, the more useful the response will be.
Once you have your initial response, try these follow-up questions to go deeper:
Be specific with your numbers. ChatGPT produces much more useful responses when you give it real figures rather than estimates. Take five minutes to find your actual essential monthly expenses before you start.
Describe your situation clearly. Mention whether you are self-employed, a retiree, a single-income household or have dependants. Context dramatically improves the relevance of the response.
Ask it to simplify if needed. If the response feels complex, simply ask: "Can you summarise the key recommendations in plain English?" ChatGPT will reframe its response clearly.
Verify important figures. ChatGPT is a helpful thinking partner, not a financial adviser. Any specific Australian tax, super or Centrelink information should be verified at moneysmart.gov.au or with a professional.
Lorraine's AI Library grows every week. New guides are added across all six categories. If there's a topic you'd like covered, use the contact page to suggest it.
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