1 00:00:03,840 --> 00:00:07,119 Speaker 1: Good morning, everyone, and welcome back to Sugar Mamma's Fireplay. 2 00:00:07,200 --> 00:00:10,400 Speaker 1: I am your host's financial planner, Cannah Campbell, and I 3 00:00:10,440 --> 00:00:12,960 Speaker 1: am here to make sure that you start your Mondays 4 00:00:12,960 --> 00:00:16,920 Speaker 1: off on a fired up, ignited note when it comes 5 00:00:16,920 --> 00:00:21,680 Speaker 1: to achieving all of your financial goals and dreams. Now, 6 00:00:21,680 --> 00:00:25,079 Speaker 1: today we're talking about preparing financially for moving out of 7 00:00:25,120 --> 00:00:29,000 Speaker 1: home or even better, moving into your new home. I 8 00:00:29,040 --> 00:00:30,600 Speaker 1: want to talk to you about the things that you 9 00:00:30,640 --> 00:00:35,199 Speaker 1: should do before you move so that you are completely organized, prepared, 10 00:00:35,640 --> 00:00:39,000 Speaker 1: and in control at all times of your money, and 11 00:00:39,080 --> 00:00:42,720 Speaker 1: that you move correctly with a great sense of release. 12 00:00:43,600 --> 00:00:46,480 Speaker 1: You can continue on making great progress with your own 13 00:00:46,520 --> 00:00:50,240 Speaker 1: financial goals and dreams, and you have an underlying sense 14 00:00:50,479 --> 00:00:55,200 Speaker 1: of security and faith in yourself. So let us begin. 15 00:01:13,680 --> 00:01:17,000 Speaker 1: Welcome back everyone to Sugar Mommas five lay As I said, today, 16 00:01:17,000 --> 00:01:20,000 Speaker 1: we're gonna be talking about how to prepare financially for 17 00:01:20,200 --> 00:01:24,160 Speaker 1: moving out of home or actually moving into your new 18 00:01:24,200 --> 00:01:27,319 Speaker 1: home when you have moved on from becoming a renter 19 00:01:27,560 --> 00:01:30,840 Speaker 1: to actually being a mortgage holder. So these are the 20 00:01:30,880 --> 00:01:33,520 Speaker 1: things that I recommend you do beforehand so that you 21 00:01:33,560 --> 00:01:36,920 Speaker 1: are completely prepared. And just a quick reminder to everyone 22 00:01:37,000 --> 00:01:39,760 Speaker 1: that this episode, as is all of my episodes, they 23 00:01:39,800 --> 00:01:44,680 Speaker 1: are general in nature and never product personal investment or 24 00:01:44,760 --> 00:01:49,040 Speaker 1: strategic advice at any time. So what do I recommend 25 00:01:49,520 --> 00:01:53,160 Speaker 1: all right? Number one, you must do a budget before 26 00:01:53,200 --> 00:01:56,680 Speaker 1: you move out. You need to understand what your real 27 00:01:56,920 --> 00:02:02,160 Speaker 1: living expenses are and what you can afford. Now, what 28 00:02:02,200 --> 00:02:04,640 Speaker 1: I recommend you do if you're moving out from home 29 00:02:04,840 --> 00:02:08,400 Speaker 1: or you're moving from a being a renter into your 30 00:02:08,480 --> 00:02:11,600 Speaker 1: own home is do a lot of time understanding what 31 00:02:11,639 --> 00:02:15,680 Speaker 1: the new expenses include. I've had so many people through 32 00:02:15,720 --> 00:02:18,400 Speaker 1: the Budget and cashuw Academy reach out to me and 33 00:02:18,480 --> 00:02:21,640 Speaker 1: share with me that they sort of fell apart financially 34 00:02:21,639 --> 00:02:26,280 Speaker 1: when they realized the ongoing expenses and just the consistent 35 00:02:26,360 --> 00:02:30,280 Speaker 1: ongoing expenses of becoming a home owner. You know, when 36 00:02:30,280 --> 00:02:33,040 Speaker 1: a dishwasher broke, instead of calling the landlord or the 37 00:02:33,040 --> 00:02:35,640 Speaker 1: property manager, they had to pay for it themselves, and 38 00:02:35,680 --> 00:02:37,960 Speaker 1: it was a huge shock to them and it was 39 00:02:38,440 --> 00:02:41,639 Speaker 1: quite hard to overcome financially and did a bit of 40 00:02:41,720 --> 00:02:45,200 Speaker 1: damage to their budget. So know this in advance, and 41 00:02:45,280 --> 00:02:48,119 Speaker 1: know that you have to include in your newer budget 42 00:02:48,760 --> 00:02:53,200 Speaker 1: expenses that you don't necessarily experience right now, and if 43 00:02:53,240 --> 00:02:55,200 Speaker 1: you're wondering what they could be a great place to 44 00:02:55,200 --> 00:02:57,760 Speaker 1: start is to obviously jump online, but also speak to 45 00:02:57,960 --> 00:03:00,480 Speaker 1: family and friends. Family and friends that are you've already 46 00:03:00,480 --> 00:03:02,359 Speaker 1: moved out of home and are now paying rent and 47 00:03:02,440 --> 00:03:04,880 Speaker 1: understand that you have to pay for cleaning products and 48 00:03:04,919 --> 00:03:09,440 Speaker 1: toilet paper, and internet and energy and sometimes gas, and 49 00:03:10,160 --> 00:03:14,679 Speaker 1: home and contents insurance and sometimes fox cell. Speak to 50 00:03:14,720 --> 00:03:16,160 Speaker 1: those people as they can give you a list of 51 00:03:16,240 --> 00:03:18,760 Speaker 1: things that shocked them when they moved out of home 52 00:03:18,800 --> 00:03:21,800 Speaker 1: for the first time. And for renters that are about 53 00:03:21,840 --> 00:03:25,160 Speaker 1: to move into their first home as a homeowner, speak 54 00:03:25,160 --> 00:03:27,160 Speaker 1: to people who have a mortgage and are living in 55 00:03:27,200 --> 00:03:31,680 Speaker 1: their home and ask them what expenses did you find 56 00:03:31,840 --> 00:03:36,720 Speaker 1: caught you by surprise? Wear and tear, new carpet, maybe 57 00:03:36,800 --> 00:03:38,960 Speaker 1: damage to the home, things that need to be replaced, 58 00:03:39,120 --> 00:03:43,480 Speaker 1: new fridges and freezers, the strata, the home and contents, insurance, 59 00:03:43,560 --> 00:03:46,600 Speaker 1: water bills, council rates, all those things that you may 60 00:03:46,680 --> 00:03:51,040 Speaker 1: have just not known about innocently because you were renting 61 00:03:51,160 --> 00:03:53,880 Speaker 1: or you had the comfort luxury of living at home. 62 00:03:54,400 --> 00:03:57,200 Speaker 1: So do a new budget includes all of these expenses 63 00:03:57,480 --> 00:04:00,240 Speaker 1: and of course round everything up to them when there 64 00:04:00,280 --> 00:04:03,800 Speaker 1: is ten dollars twenty dollars, fifty dollars, one hundred dollars, 65 00:04:03,960 --> 00:04:06,400 Speaker 1: or even one thousand dollars, so you have some safe 66 00:04:06,480 --> 00:04:09,840 Speaker 1: buffers in place, because even though you're doing as much 67 00:04:09,840 --> 00:04:12,200 Speaker 1: as you possibly can to make sure that your budget 68 00:04:12,240 --> 00:04:15,880 Speaker 1: is very accurate, there could quite possibly be something that 69 00:04:15,920 --> 00:04:18,880 Speaker 1: catches you buy surprise that is particularly unique for the 70 00:04:19,279 --> 00:04:21,919 Speaker 1: home or the property that you are about to move into. 71 00:04:23,040 --> 00:04:24,919 Speaker 1: Next thing I recommend you do, and this is probably 72 00:04:24,960 --> 00:04:28,440 Speaker 1: the number one most important tip of this episode, and 73 00:04:28,480 --> 00:04:34,919 Speaker 1: that is dress rehearsal, practice practice the new budget before 74 00:04:35,160 --> 00:04:39,560 Speaker 1: you move. So if you are living at home, practice 75 00:04:40,480 --> 00:04:44,320 Speaker 1: paying rent, have the equivalent coming out of your everyday 76 00:04:44,360 --> 00:04:46,960 Speaker 1: account is what you would pay for rent, and have 77 00:04:47,080 --> 00:04:50,040 Speaker 1: that rent money go into a separate, dedicated savings account 78 00:04:50,080 --> 00:04:53,400 Speaker 1: so it feels real. This will be a quick eye 79 00:04:53,400 --> 00:04:56,080 Speaker 1: opener to see if you are really ready and can 80 00:04:56,120 --> 00:04:59,360 Speaker 1: financially afford to move out of home. And of course 81 00:04:59,400 --> 00:05:01,360 Speaker 1: there are people in situations who have to move out 82 00:05:01,400 --> 00:05:03,880 Speaker 1: of home. It's not a choice, but this may then 83 00:05:03,920 --> 00:05:06,000 Speaker 1: help you give you a great guide as to how 84 00:05:06,080 --> 00:05:08,880 Speaker 1: much you can afford in rent, and it will also 85 00:05:08,920 --> 00:05:10,839 Speaker 1: be quite an eye open to see all of the 86 00:05:10,880 --> 00:05:13,359 Speaker 1: new expenses that come from moving out of home and 87 00:05:13,400 --> 00:05:16,080 Speaker 1: how they quickly add up and perhaps where you need 88 00:05:16,160 --> 00:05:18,800 Speaker 1: to maybe cut down on other lifestyle expenses that you 89 00:05:18,839 --> 00:05:23,760 Speaker 1: were previously enjoying. By practicing before you get out there 90 00:05:23,800 --> 00:05:25,479 Speaker 1: and do it will mean that you are so much 91 00:05:25,520 --> 00:05:29,040 Speaker 1: more resilient, so much more prepared, and a lot calmer 92 00:05:29,040 --> 00:05:31,920 Speaker 1: when it comes through handling any sort of sudden shocks 93 00:05:31,960 --> 00:05:35,200 Speaker 1: or surprises. And the longer you can do this, the better. 94 00:05:35,640 --> 00:05:37,960 Speaker 1: And the great thing about doing this is that you're 95 00:05:38,000 --> 00:05:40,039 Speaker 1: going to force you to save up some extra money 96 00:05:40,040 --> 00:05:43,120 Speaker 1: as well, because that special separate savings account that you've 97 00:05:43,160 --> 00:05:46,800 Speaker 1: established for the pretend rent money or the new mortgage 98 00:05:46,800 --> 00:05:49,840 Speaker 1: repayments can build up and then you can use that 99 00:05:49,880 --> 00:05:52,640 Speaker 1: as emergency money, or use that to make a lumps 100 00:05:52,680 --> 00:05:54,960 Speaker 1: on payment onto your home loan if you've got your 101 00:05:54,960 --> 00:05:57,960 Speaker 1: redoor facility switched on. So if you are renting and 102 00:05:58,000 --> 00:05:59,720 Speaker 1: you're paying, say three hundred dollars a week, and then 103 00:05:59,720 --> 00:06:02,560 Speaker 1: you know that you're becoming a homeowner and you're going 104 00:06:02,600 --> 00:06:05,719 Speaker 1: to be paying, for example, three hundred and fifty dollars 105 00:06:05,800 --> 00:06:08,520 Speaker 1: per week, make sure you put a regular savings plan 106 00:06:08,600 --> 00:06:10,720 Speaker 1: of fifty dollars per week or whatever the equivalent is, 107 00:06:10,920 --> 00:06:13,760 Speaker 1: so that you can understand and feel what that true 108 00:06:13,760 --> 00:06:19,200 Speaker 1: expense is before you make any major investment decisions, commitments, 109 00:06:19,320 --> 00:06:22,600 Speaker 1: or financial decisions. And if you find this is too 110 00:06:22,680 --> 00:06:25,320 Speaker 1: much and you've done something too early or too soon, 111 00:06:25,720 --> 00:06:28,680 Speaker 1: you've got the benefit of knowing this in advance. So 112 00:06:28,720 --> 00:06:31,120 Speaker 1: perhaps you delay moving out of home, or you find 113 00:06:31,120 --> 00:06:34,360 Speaker 1: something that's more cost effective, or you find a home, 114 00:06:34,560 --> 00:06:36,720 Speaker 1: or perhaps you decide, instead of moving into the place 115 00:06:36,760 --> 00:06:38,440 Speaker 1: that I've just purchased, I'm actually going to rent it 116 00:06:38,440 --> 00:06:40,520 Speaker 1: out for six months to buy me some breathing space 117 00:06:40,800 --> 00:06:42,880 Speaker 1: so I can get back on top of my emergency 118 00:06:42,920 --> 00:06:45,440 Speaker 1: money or any other debts, or I can give myself 119 00:06:45,480 --> 00:06:48,560 Speaker 1: more time to help prepare for the new outgoing expenses 120 00:06:48,560 --> 00:06:52,640 Speaker 1: that come from owning a property. The dress rehearsal is 121 00:06:52,680 --> 00:06:57,160 Speaker 1: something you will not regret. Number three furniture. Moving out 122 00:06:57,200 --> 00:06:59,680 Speaker 1: of home is so exciting and one of the nicest 123 00:06:59,680 --> 00:07:02,080 Speaker 1: things about moving out of home is it's such an 124 00:07:02,080 --> 00:07:04,359 Speaker 1: exciting chapter of your life because you're really starting to 125 00:07:04,360 --> 00:07:07,720 Speaker 1: take control and design your life and our home. Where 126 00:07:07,720 --> 00:07:10,720 Speaker 1: we go home, we sleep, we feel safe, we switch off, 127 00:07:10,760 --> 00:07:13,200 Speaker 1: we relax, where we reach out to our batteries. It's 128 00:07:13,240 --> 00:07:16,160 Speaker 1: a very sacred space. So a lot of us naturally 129 00:07:16,160 --> 00:07:20,120 Speaker 1: want to style and decorate our home. Now, buying furniture 130 00:07:20,360 --> 00:07:24,400 Speaker 1: can be incredibly expensive, but it doesn't necessarily have to be. 131 00:07:24,960 --> 00:07:28,240 Speaker 1: So understanding that where you can source furniture in a 132 00:07:28,280 --> 00:07:32,200 Speaker 1: financially savvy way is so worthwhile. And I will also 133 00:07:32,320 --> 00:07:34,680 Speaker 1: say knowing where you should splurge and where you should 134 00:07:34,680 --> 00:07:38,000 Speaker 1: save is also worthwhile. Of course, we have gum true, 135 00:07:38,040 --> 00:07:40,920 Speaker 1: we have Facebook Marketplace, We have so many accounts on 136 00:07:41,000 --> 00:07:45,160 Speaker 1: Instagram selling furniture or even beautiful designer pieces of furniture 137 00:07:45,160 --> 00:07:47,800 Speaker 1: at the fracture of the prices. So make sure you 138 00:07:47,920 --> 00:07:51,120 Speaker 1: try and save some money where you can and know 139 00:07:51,280 --> 00:07:54,040 Speaker 1: what you're prepared to buy. We love to save some 140 00:07:54,080 --> 00:07:56,400 Speaker 1: money and have you know that beautiful dining table your 141 00:07:56,480 --> 00:07:59,559 Speaker 1: dreams or that beautiful comfortable soul through your dreams versus 142 00:07:59,640 --> 00:08:02,040 Speaker 1: where you actually do need to buy something brand new. 143 00:08:02,400 --> 00:08:05,240 Speaker 1: For example, for me personally, I'd never buy a pre 144 00:08:05,320 --> 00:08:08,240 Speaker 1: loved mattress. I value a good night's sleep. I want 145 00:08:08,280 --> 00:08:11,360 Speaker 1: a really good quality mattress where I can feel comfortable, 146 00:08:11,600 --> 00:08:15,280 Speaker 1: my muscles can rest and recharge. So for me, I 147 00:08:15,320 --> 00:08:18,520 Speaker 1: will happily buy a prelove sofa or dining table or 148 00:08:18,560 --> 00:08:21,040 Speaker 1: coffee table. If it means I can have money enough 149 00:08:21,080 --> 00:08:24,360 Speaker 1: money set aside, then invest in a good quality mattress. 150 00:08:24,680 --> 00:08:28,280 Speaker 1: So use this time to research and explore. And if 151 00:08:28,280 --> 00:08:31,080 Speaker 1: you ever want to know where I sauce beautiful furniture 152 00:08:31,240 --> 00:08:33,520 Speaker 1: at a fraction of price, send me a DM on 153 00:08:33,640 --> 00:08:36,600 Speaker 1: Instagram and I'll link all the accounts for you. Number 154 00:08:36,720 --> 00:08:41,400 Speaker 1: four D clutter. So moving is a great opportunity to 155 00:08:41,440 --> 00:08:43,000 Speaker 1: go through your stuff. Well you kind of have to 156 00:08:43,000 --> 00:08:45,079 Speaker 1: go through your stuff to pack it up, But go 157 00:08:45,120 --> 00:08:48,160 Speaker 1: through your clutter and go, Okay, what actually can I 158 00:08:48,160 --> 00:08:50,360 Speaker 1: get rid of and what can I actually sell and 159 00:08:50,360 --> 00:08:53,360 Speaker 1: make some extra money. And of course that money that 160 00:08:53,440 --> 00:08:57,280 Speaker 1: you raise can go towards your emergency savings account and 161 00:08:57,360 --> 00:08:59,520 Speaker 1: help make sure that you are far more prepared and 162 00:08:59,559 --> 00:09:02,400 Speaker 1: financially resilient in moving. Or perhaps that money can go 163 00:09:02,440 --> 00:09:06,120 Speaker 1: towards making a few mortgage repayments into your property before 164 00:09:06,120 --> 00:09:08,640 Speaker 1: you even moved in, so you're really ahead of the game. 165 00:09:09,240 --> 00:09:11,760 Speaker 1: But sit down and go through the things that you 166 00:09:11,800 --> 00:09:14,800 Speaker 1: can sell. And the one bit of advice I can 167 00:09:14,840 --> 00:09:16,480 Speaker 1: give you right now is someone who has a few 168 00:09:16,480 --> 00:09:19,960 Speaker 1: things listed online at the moment is selling sometimes takes 169 00:09:20,000 --> 00:09:22,600 Speaker 1: a while. You don't want to be in a position 170 00:09:22,600 --> 00:09:26,200 Speaker 1: where you have to dramatically and drastically drop your prices 171 00:09:26,240 --> 00:09:28,200 Speaker 1: just to quickly get things sold because they're not moving 172 00:09:28,240 --> 00:09:31,240 Speaker 1: fast enough. Understand it may take time. So the quicker 173 00:09:31,240 --> 00:09:34,400 Speaker 1: you can list things, the better. And remember, one man's 174 00:09:34,440 --> 00:09:37,080 Speaker 1: trash is another man's treasure. And the more we can 175 00:09:37,120 --> 00:09:40,240 Speaker 1: sell to the circular economy, the less we are putting 176 00:09:40,400 --> 00:09:45,040 Speaker 1: in landfill. So feel good financially, but also feel good 177 00:09:45,120 --> 00:09:48,760 Speaker 1: from an environmental point of view. Number five bills. I 178 00:09:48,760 --> 00:09:51,000 Speaker 1: know I've already touched on the importance of the new 179 00:09:51,040 --> 00:09:52,719 Speaker 1: bills that are going to be creeping in your life 180 00:09:52,720 --> 00:09:56,360 Speaker 1: when it comes to renting and being a mortgage homeowner. 181 00:09:56,880 --> 00:10:00,640 Speaker 1: But can I share with you a brilliant hack bills, 182 00:10:01,000 --> 00:10:05,040 Speaker 1: and that is to be ahead, be ahead of those bills. 183 00:10:05,640 --> 00:10:08,040 Speaker 1: So what I share with people in my budget and 184 00:10:08,080 --> 00:10:11,560 Speaker 1: cash Flow Academy is a really clever hack where you 185 00:10:11,800 --> 00:10:14,720 Speaker 1: take those irregular bills such as the quarterly bills, and 186 00:10:14,800 --> 00:10:18,240 Speaker 1: pay them not only monthly, but one month in advance, 187 00:10:18,640 --> 00:10:22,640 Speaker 1: so that when that bill comes in it's zero dollars. Owing. 188 00:10:23,040 --> 00:10:26,720 Speaker 1: For example, our water bill averages around about three hundred 189 00:10:26,800 --> 00:10:30,280 Speaker 1: and sixty dollars per quarter. So not only do I 190 00:10:30,320 --> 00:10:33,880 Speaker 1: pay one hundred and twenty dollars per month using the 191 00:10:33,920 --> 00:10:37,760 Speaker 1: biller code, because Sydney Water is a quarterly bill, I 192 00:10:37,960 --> 00:10:40,319 Speaker 1: have paid it one month in advance. Now, initially this 193 00:10:40,360 --> 00:10:41,800 Speaker 1: is a little bit harder to do. It's a bit 194 00:10:41,800 --> 00:10:44,120 Speaker 1: of a stretch because you're having to almost pay two 195 00:10:44,160 --> 00:10:48,440 Speaker 1: months upfront. But once you've done it, it's brilliant. It's great, 196 00:10:48,880 --> 00:10:50,880 Speaker 1: and I don't need to think about it. I just 197 00:10:50,960 --> 00:10:54,160 Speaker 1: automatically do this every single month. That money when I 198 00:10:54,200 --> 00:10:56,480 Speaker 1: get paid, goes to Sydney Water, and I do the 199 00:10:56,520 --> 00:11:00,000 Speaker 1: same thing with my other quarterly bills. I've also got 200 00:11:00,120 --> 00:11:02,880 Speaker 1: the same thing going with my energy bills and my 201 00:11:02,960 --> 00:11:05,080 Speaker 1: gas bills, but they come out on a monthly basis 202 00:11:05,080 --> 00:11:08,840 Speaker 1: because my energy and gas provider allows this. But you 203 00:11:08,920 --> 00:11:12,360 Speaker 1: don't have to wait until that quarterly or bi annual 204 00:11:12,440 --> 00:11:15,120 Speaker 1: or annual bill comes in. You can actually pay it 205 00:11:15,600 --> 00:11:18,440 Speaker 1: monthly and even a month in an advance, so that 206 00:11:18,480 --> 00:11:20,400 Speaker 1: you never actually owe any money. And this can be 207 00:11:20,480 --> 00:11:23,080 Speaker 1: really good for your credit score as well, because it 208 00:11:23,240 --> 00:11:25,680 Speaker 1: means that it's highly unlikely that you're going to miss repayment. 209 00:11:25,720 --> 00:11:29,240 Speaker 1: Because you're creating consistency in your budget and cash flow, 210 00:11:29,360 --> 00:11:32,240 Speaker 1: you're less likely to forget about a bill accidentally, and 211 00:11:32,320 --> 00:11:34,559 Speaker 1: of course it makes it so much easier to stick 212 00:11:34,559 --> 00:11:37,839 Speaker 1: to your budget because you don't have those that volatility 213 00:11:37,960 --> 00:11:41,240 Speaker 1: or that irregular expense that can sometimes catch us by 214 00:11:41,280 --> 00:11:44,839 Speaker 1: surprise because we're not properly prepared for it. So treat 215 00:11:44,920 --> 00:11:48,800 Speaker 1: your bills by paying them upfront and being ahead and 216 00:11:48,840 --> 00:11:51,480 Speaker 1: break them down in the same cycle as you get paid, 217 00:11:51,600 --> 00:11:55,959 Speaker 1: such as monthly. Tip Number six is removal US. Now, 218 00:11:56,200 --> 00:11:58,760 Speaker 1: removal less can be incredibly expensive and there is a 219 00:11:58,880 --> 00:12:03,040 Speaker 1: wide range of different services and therefore different costs, So 220 00:12:03,440 --> 00:12:06,280 Speaker 1: do your research in advance. You do not want to 221 00:12:06,320 --> 00:12:08,920 Speaker 1: be having to pay a fortune to a removal ust 222 00:12:08,960 --> 00:12:11,720 Speaker 1: because you didn't book it in time and everyone's booked out. 223 00:12:12,040 --> 00:12:14,559 Speaker 1: Understand there are certain days of the weeks where they 224 00:12:14,640 --> 00:12:17,800 Speaker 1: charge a premium. So if by doing this you can 225 00:12:17,840 --> 00:12:21,200 Speaker 1: actually try and strategically time your move to be a 226 00:12:21,280 --> 00:12:25,520 Speaker 1: lot more cost effective. Also, understand on what you can 227 00:12:25,600 --> 00:12:28,000 Speaker 1: do is to be creative when it comes to that move. 228 00:12:28,400 --> 00:12:31,040 Speaker 1: What can you do yourself? Can you swap cars with 229 00:12:31,080 --> 00:12:32,800 Speaker 1: someone for the day, or can you lean on a 230 00:12:32,840 --> 00:12:34,839 Speaker 1: friend to help you, or can you go and rent 231 00:12:34,880 --> 00:12:36,920 Speaker 1: a ute or a van for the day to help 232 00:12:37,040 --> 00:12:41,000 Speaker 1: move items safely without them getting damaged or injuring yourself 233 00:12:41,320 --> 00:12:44,000 Speaker 1: in order to save some money. And of course when 234 00:12:44,000 --> 00:12:45,559 Speaker 1: you look at those removalus, look at it the way 235 00:12:45,600 --> 00:12:48,040 Speaker 1: that they're charged. They charge a flat fee per day 236 00:12:48,600 --> 00:12:51,800 Speaker 1: or do they charge by the hour, whichever way you go, 237 00:12:51,960 --> 00:12:54,000 Speaker 1: try and look at it as a way of saving money, 238 00:12:54,000 --> 00:12:57,160 Speaker 1: because the more you can do yourself, they say over 239 00:12:57,200 --> 00:13:00,120 Speaker 1: a weekend or getting up earlier in the morning and 240 00:13:00,160 --> 00:13:01,680 Speaker 1: doing as many trips as you can, you're going to 241 00:13:01,720 --> 00:13:04,559 Speaker 1: save a lot of money. And also it means you 242 00:13:04,559 --> 00:13:08,200 Speaker 1: can just leave those bulky heavy lifting items to them 243 00:13:08,240 --> 00:13:11,040 Speaker 1: because they are the experts. But there are lots of 244 00:13:11,040 --> 00:13:14,120 Speaker 1: different options, and I have to say I'm saying it's 245 00:13:14,160 --> 00:13:16,200 Speaker 1: not necessarily as a financial tip, but more of as 246 00:13:16,200 --> 00:13:21,400 Speaker 1: an environmental one. Some removalists now have reusable boxes, so 247 00:13:21,440 --> 00:13:24,120 Speaker 1: you don't need to go and buy cardboard boxes, which 248 00:13:24,200 --> 00:13:26,800 Speaker 1: end up being they do guess get recycled, but sometimes 249 00:13:26,800 --> 00:13:29,800 Speaker 1: they do get wasted and not properly recycled. Some of 250 00:13:29,840 --> 00:13:32,640 Speaker 1: these removal us have these big green boxes which they 251 00:13:32,720 --> 00:13:35,120 Speaker 1: drop off to your house two weeks beforehand to allow 252 00:13:35,200 --> 00:13:38,080 Speaker 1: you to plan and prepare to make that move happen 253 00:13:38,160 --> 00:13:42,520 Speaker 1: efficiently and waste as little money as possible. So being 254 00:13:42,640 --> 00:13:46,160 Speaker 1: organized is well worth your time. And then tip number seven. 255 00:13:46,520 --> 00:13:49,240 Speaker 1: This is really important if you want to stay in 256 00:13:49,320 --> 00:13:53,160 Speaker 1: control and be organized at all times, and that is 257 00:13:53,240 --> 00:13:55,720 Speaker 1: the moment you can make sure you go and update 258 00:13:55,960 --> 00:14:01,280 Speaker 1: all of your details. Update you're addressed EE, with your 259 00:14:01,360 --> 00:14:06,320 Speaker 1: superannuation company, with your insurance company, make sure your bank 260 00:14:06,520 --> 00:14:08,920 Speaker 1: is sending your statements assuming you're getting them in the 261 00:14:08,920 --> 00:14:12,760 Speaker 1: mail to your new correct address. Not only is this 262 00:14:12,800 --> 00:14:15,360 Speaker 1: going to help make sure that you stay organized and 263 00:14:15,360 --> 00:14:18,480 Speaker 1: informed as to where your money is, it's also going 264 00:14:18,480 --> 00:14:22,240 Speaker 1: to help reduce the risk of identity theft. You want 265 00:14:22,240 --> 00:14:24,000 Speaker 1: to make sure that you can stay on top of 266 00:14:24,200 --> 00:14:28,280 Speaker 1: and track everything that involves your financial situation, whether it 267 00:14:28,280 --> 00:14:32,200 Speaker 1: be a savings account, an investment portfolio, of superannuation portfolio. 268 00:14:32,480 --> 00:14:35,320 Speaker 1: You need to make sure that that information goes directly 269 00:14:35,600 --> 00:14:39,800 Speaker 1: to you at your correct address. This is why there 270 00:14:39,880 --> 00:14:43,000 Speaker 1: is one point four billion dollars sitting with ACID right 271 00:14:43,040 --> 00:14:46,440 Speaker 1: now in their unclaimed money fund, and most of those 272 00:14:46,480 --> 00:14:51,320 Speaker 1: situations are where people have forgotten to update their contact details, 273 00:14:52,320 --> 00:14:55,000 Speaker 1: so be organized. Write a list of all the people 274 00:14:55,120 --> 00:14:57,400 Speaker 1: you need to get in contact with and update those 275 00:14:57,440 --> 00:15:01,200 Speaker 1: details to the correct details as soon as you possibly can. 276 00:15:01,400 --> 00:15:04,040 Speaker 1: This will also make you feel so much better about 277 00:15:04,080 --> 00:15:07,440 Speaker 1: yourself because you'll know exactly where your money is, how 278 00:15:07,480 --> 00:15:10,600 Speaker 1: much you've got, where it's invested, what policies you've got 279 00:15:10,640 --> 00:15:13,119 Speaker 1: in place to protect you. And this sense of clarity 280 00:15:13,160 --> 00:15:15,480 Speaker 1: will also help give you a greater sense of purpose 281 00:15:15,520 --> 00:15:18,320 Speaker 1: and direction well into the future. So that is it 282 00:15:18,400 --> 00:15:22,160 Speaker 1: for today's episode. Please feel free to send this episode 283 00:15:22,160 --> 00:15:24,360 Speaker 1: to anyone you know that is thinking of moving out 284 00:15:24,360 --> 00:15:28,040 Speaker 1: of home, or anyone that is renting right now and 285 00:15:28,160 --> 00:15:31,480 Speaker 1: is wanting to become a homeowner. This will help give 286 00:15:31,520 --> 00:15:36,600 Speaker 1: them so much more financial resilience, stability, and peace of mind. 287 00:15:37,040 --> 00:15:40,320 Speaker 1: I cannot stress enough the importance of that practice that 288 00:15:40,480 --> 00:15:44,840 Speaker 1: dress rehearsal in making that transition happen. It's something that 289 00:15:44,880 --> 00:15:47,320 Speaker 1: I did personally for myself, and it allowed me to 290 00:15:47,440 --> 00:15:51,360 Speaker 1: really understand what my new expenses were going to really 291 00:15:51,360 --> 00:15:55,520 Speaker 1: look like as a homeowner, and that practiced dress rehearsal 292 00:15:55,600 --> 00:15:57,840 Speaker 1: money yes that got saved up, and in fact I 293 00:15:57,880 --> 00:16:00,760 Speaker 1: was able to make my first mortgage payment before I'd 294 00:16:00,800 --> 00:16:03,480 Speaker 1: even moved into the property, so it actually saved me 295 00:16:03,560 --> 00:16:06,840 Speaker 1: tens of thousands of dollars in interest and valuable time, 296 00:16:07,080 --> 00:16:10,240 Speaker 1: which is something we all like saving. Alright, everyone, thank 297 00:16:10,240 --> 00:16:13,720 Speaker 1: you so much for listening to today's episode. Until next Monday, 298 00:16:13,880 --> 00:16:17,880 Speaker 1: Stay motivated, stay empowered, and never stop seeking new ways 299 00:16:17,920 --> 00:16:22,240 Speaker 1: to achieve your financial goals and dreams. This is Sugar 300 00:16:22,280 --> 00:16:22,960 Speaker 1: Mamma's fire.