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Speaker 1: This podcast is recorded on gaddigal Land Always was, always

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Speaker 1: will be Aboriginal Land. Hey Jigs, I'm out and I'm

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Speaker 1: sal And this is two broat chicks to show that

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Speaker 1: shares life lessons to help make you rich in life.

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Speaker 1: And today we're doing a midyear money reset.

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Speaker 2: Can you believe it? What June already? Seriously, it's honestly wild.

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Speaker 1: We sound every day like our dads, I know say.

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Speaker 1: It just flies in the same amount of time that

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Speaker 1: we've experienced this here. It'll be Christmas.

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Speaker 3: I know.

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Speaker 2: I was thinking that last night. I was getting excited,

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Speaker 2: Oh Christmas, I can't wait. I was thinking that this

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Speaker 2: time in six months, I'll be putting my decorations up.

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Speaker 1: So good, and like that's going to go. Do you

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Speaker 1: know what? The second half of the year also goes

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Speaker 1: way way quicker than the first half.

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Speaker 2: Yeah, because it's so busy.

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Speaker 1: Well yeah, because a lot of people go on holidays

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Speaker 1: in like June and July, and then August and September

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Speaker 1: I feel like are always busy work months. Yeah. And

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Speaker 1: then October is Halloween, which is fun, and then sale

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Speaker 1: events start kicking off. November is basically December, yeah, and

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Speaker 1: then it's December, he's done.

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Speaker 2: Yep, so he's to twenty twenty five.

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Speaker 1: Yeah, just jeeps. But in this episode, we're going to

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Speaker 1: talk how to reset your budget, tax time tips, and

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Speaker 1: of course end of financial year sales. But first, what's

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Speaker 1: our product wreck or trending topic of the week.

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Speaker 2: So mine is a trending topic. Ooh and I saw

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Speaker 2: that apparently clogs are coming back. Yeah, you know the

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Speaker 2: shoes clogs.

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Speaker 1: I don't hate it.

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Speaker 2: It actually is kind of a slag.

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Speaker 1: Wait, no, I'm kind of into it.

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Speaker 2: So I think it had been seen on the runways

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Speaker 2: of like Gucci and Dere and then it's trickled on

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Speaker 2: down to places like Ghani and then now Alias May

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Speaker 2: or Elias May. So I think clogs may be the clog.

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Speaker 1: From Elias May and give my live reaction birken Stocks

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Speaker 1: as well. They're like shealing ones. Yeah yeah, no, I'm

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Speaker 1: kind of into this. Oh I've seen the ones from Birkenstocks.

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Speaker 2: Yeah.

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Speaker 3: So, like to give you a little description, it's like

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Speaker 3: it's very much an a higher kind of like capsule

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Speaker 3: wardrobe e version of it, and they're like in a

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Speaker 3: suede material on a leather material, and then it's got

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Speaker 3: like this platform like leather or rubber soul.

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Speaker 1: It's not like a wooden soul, which is kind of

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Speaker 1: like what I pitched. Yeah, and it's kind of like

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Speaker 1: a platform slide, but the bottom of it looks like

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Speaker 1: a school heel. Yeah, but in a good way.

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Speaker 2: Yeah. Okay, And some of the ones that I saw

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Speaker 2: did have the wooden heel, and then they had like

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Speaker 2: the little silver studs around the edges, and.

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Speaker 1: I was like, I don't hate this.

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Speaker 2: Actually could be quite cute with like a Maxi skirt, yeah,

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Speaker 2: like a boho Maxi in summer. I'm like, fuck, I'm

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Speaker 2: actually kind of vibing it.

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Speaker 1: Yeah, not mad in saying that as well. Trends are

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Speaker 1: whatever you want to wear. Yeah, So like, if you

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Speaker 1: don't vibe it, you totally don't have to wear it.

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Speaker 1: Wear whatever makes you feel good.

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Speaker 2: If you've been wearing clogs this whole time.

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Speaker 1: Yeah, if you like it, wear it. If you don't

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Speaker 1: like it, don't that stress. Don't waste your money.

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Speaker 2: Yeah, it's that simple.

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Speaker 1: What's okay? I don't know if we would count this

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Speaker 1: as like a product recommendation.

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Speaker 2: It's our show, so we can.

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Speaker 1: Okay, I like that, but it's kind of a bit

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Speaker 1: of a life lesson and a product what it is,

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Speaker 1: it's kind of fucked to make it a product, right,

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Speaker 1: But our friends Lucy and Paul just adopted the most

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Speaker 1: beautiful kitten and she's a rescue and anyway, they've had

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Speaker 1: a cat called Bart. We like bond over being like,

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Speaker 1: we have a group chat called cat Daddy's cute. And anyway,

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Speaker 1: they've got a black cat. I've got a black cat,

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Speaker 1: so naturally we're best friends. But for Yonks, Lucy was like, oh,

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Speaker 1: fucking Binks, which is my cat. It's cute to than Bar,

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Speaker 1: Like Bart doesn't cuddle me. I want a girl cat. Yeah,

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Speaker 1: obviously she loves Bart, but she's like, I.

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Speaker 4: Want to kill cat an independent man, Like, Mom, you're

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Speaker 4: resting with my maid. And anyway, then this bitch takes

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Speaker 4: her competitiveness so far. Not only does she adopt a

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Speaker 4: twelve week old gray kitten, she adopts a three leg

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Speaker 4: twelve week old kitten and names her Peg.

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Speaker 2: And she's so and she is just.

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Speaker 1: The most beautiful thing in the world. And like, every

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Speaker 1: time I see someone rescuing an animal, like it just

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Speaker 1: makes me so so happy.

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Speaker 5: And there are so many baby animals and older animals

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Speaker 5: and mid age animals that like need homes that are

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Speaker 5: own shelters, and so I also just wanted to give

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Speaker 5: like that little reminder that if you are thinking about

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Speaker 5: getting a pet, literally just look up your local shelter.

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Speaker 1: Sydney Dogs and Cats Home is also like my top wreck.

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Speaker 1: They have so so many kittens and so many dogs available.

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Speaker 1: They also have bunnies sometimes they have guinea pigs, and

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Speaker 1: you can also foster, so like, if you're not ready

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Speaker 1: for a pet, you can foster and like test the

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Speaker 1: waters out a little bit, see if you're ready for

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Speaker 1: the commitment. And honestly, getting a pet was like one

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Speaker 1: of the best things I ever did in my twenties. Yeah,

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Speaker 1: she's like my best friend.

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Speaker 2: Yeah, she's gorgeous. I love that.

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Speaker 1: That's a product wreck. Thanks product Wreck. Get a kitten adopt, Yeah,

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Speaker 1: that's what's trendy every animals. Yeah, everyone can do what

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Speaker 1: they want with their own money and spend Like this

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Speaker 1: isn't a thing to be like if you don't go

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Speaker 1: to a shelter, like you're an evil person. It's not

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Speaker 1: that's not it at all. I would always like just

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Speaker 1: go look there first, if you can because I know that,

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Speaker 1: like it's different for everyone, but I feel like a

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Speaker 1: lot of the time they're just as sweet as well

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Speaker 1: as amazing beautiful babies in the world.

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Speaker 2: Yeah, and they deserve a loving home.

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Speaker 1: Yeah cute.

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Speaker 2: Okay, we get into our mid year money reset.

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Speaker 1: Let's do it.

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Speaker 2: Let's bush, let's bush.

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Speaker 1: Okay, why do you need a media money resets out?

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Speaker 2: Good question now ha ha. So doing a mid year

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Speaker 2: money reset will allow you to check in on the

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Speaker 2: goals that you set at the beginning of the year,

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Speaker 2: and then readjust your budget where needed, and look at

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Speaker 2: where your money is going and if you're over spending

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Speaker 2: anywhere and you need to cut back. Because I think

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Speaker 2: so many of us set our goals at the beginning

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Speaker 2: of the year with amazing intentions. We get a lot

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Speaker 2: of momentum at the beginning of the year, everybody's working

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Speaker 2: on their resolutions, and then things happen, life changes, cost

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Speaker 2: of living, crisis happens, and sometimes you can lose track

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Speaker 2: of what those goals were. And I think it's really

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Speaker 2: good to check in and see how you're going, and

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Speaker 2: also know that you can make changes to what those

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Speaker 2: resolutions were to suit where you are currently and where

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Speaker 2: you want to be at the end of the year.

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Speaker 1: Yeap. So step one in our midyear money reset is

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Speaker 1: to review those goals. As you just said, your motivation

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Speaker 1: the STALU is like, fuck, yeah, I'm going to save

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Speaker 1: a hundred million dollars.

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Speaker 2: It's unparalleled.

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Speaker 1: Go And I love that. I think that's not a

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Speaker 1: bad thing. I like, I know people sometimes might think like,

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Speaker 1: you can set goals every day whatever, and don't like

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Speaker 1: news resolutions. I think, why can't we have both? Absolutely, like,

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Speaker 1: let's lean into the motivation we have at the start

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Speaker 1: of the year and then check in on it every

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Speaker 1: now and again. So the first step in the process

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Speaker 1: is to review your goals. And we know that the

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Speaker 1: majority of people focus on setting a savings goal by

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Speaker 1: the end of the year year with data from Finders

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Speaker 1: sharing that eighty three percent of Ossie set a financial

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Speaker 1: goal at the start of the year. However, eighty eight

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Speaker 1: percent of people who set New Year's resolutions give up

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Speaker 1: on them in the first two weeks. Yeah, So this

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Speaker 1: isn't to be like, wow, you gave up, We're going nothing.

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Speaker 1: It's not it's so normal. It's not to make you

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Speaker 1: feel like what's the point, because like, no one can

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Speaker 1: do it. It's it's work. It is a bit hard.

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Speaker 1: And the fact that if you've fallen off your finance

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Speaker 1: goal of the year, don't stress because a lot of

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Speaker 1: other people have too. And this is like the part

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Speaker 1: that you can empower yourself to take it back, bring

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Speaker 1: it back and you know, regain that control and be like, Okay,

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Speaker 1: what was my goal? Where am I in relation to

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Speaker 1: that goal? Yeah? And once you figure that out, it

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Speaker 1: means you can go on to step two, which is

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Speaker 1: to adjust the goal post. So I think we do

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Speaker 1: think of changing goals like cheating, which it's not so

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Speaker 1: new research shows that almost half of Australians have less

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Speaker 1: than one thousand dollars in their savings.

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Speaker 2: Wow.

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Speaker 1: Yeah, and find as Consumer Sentiment Tracker found that forty

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Speaker 1: five percent of respondents equivalent to nine point four million

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Speaker 1: people had less than one thousand dollars to fall back on.

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Speaker 1: And I think this really illuminates and reflects the cost

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Speaker 1: of living crisis.

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Speaker 2: Yeah.

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Speaker 1: I don't think anyone who does have less than one

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Speaker 1: thousand dollars needs to feel bad about themselves because a

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Speaker 1: lot of people do not have expendable income to be

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Speaker 1: putting into savings. You need to have the expendable income

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Speaker 1: after your rent, after your groceries, after all the things

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Speaker 1: that you need to pay for the essentials. Yeah, to

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Speaker 1: be able to put money into savings. We know that

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Speaker 1: rental prices at eight point five percent more expensive than

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Speaker 1: they were this time last year, and it feels like

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Speaker 1: bills like electricity and groceries are just getting more and

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Speaker 1: more expensive.

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Speaker 2: Yeah.

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Speaker 1: So while I know that that can all sound really defeating,

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Speaker 1: because it kind of is, it does give you the

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Speaker 1: allowance to adjust your goals and be a bit kinder

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Speaker 1: to yourself, Like it's okay. I think we fall into

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Speaker 1: this comparison trap. I know I definitely would hear what

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Speaker 1: friends had in savings and I was.

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Speaker 2: Like, why the what? Yeah, like I have nowhere near that.

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Speaker 1: I still feel that, Yeah, I definitely can relate to

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Speaker 1: that as well, Like I don't think I started savings.

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Speaker 1: I even remember when you told me how much you

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Speaker 1: had in savings once and I was like, I don't.

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Speaker 1: I don't sound I don't have savings. I think at

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Speaker 1: first I told you, I was like, oh, I don't

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Speaker 1: have that much, and then like five minutes later, I

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Speaker 1: was like I don't have anything. And it was like

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Speaker 1: I was also not again, didn't have the expendable income

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Speaker 1: or necessarily the knowledge and the habits built to be

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Speaker 1: putting things in savings. I wasn't like understanding the serotonin

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Speaker 1: hit that you can get from you know that action.

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Speaker 1: I kind of thought it was kind of boring. Yeah,

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Speaker 1: but the best part about doing this job for the

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Speaker 1: last two years is how much I've kind of learned

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Speaker 1: to be honest and like how much more like fluent

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Speaker 1: in money I've become and understanding how to save and

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Speaker 1: the habit's build. But yeah, I'd like, don't basically, don't

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Speaker 1: beat yourself up if your savings aren't where other peoples are,

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Speaker 1: because it's just a comparison trap. Your journey with your

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Speaker 1: money is your own trajectory. But it does empower you

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Speaker 1: to readjust your goal and feel good about making the

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Speaker 1: decisions and making an active change, even if that is

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Speaker 1: just setting your budget and paying your bills and knowing

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Speaker 1: where your money is going. That doesn't have to mean

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Speaker 1: transferring hundreds and thousands of dollars into a savings account.

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Speaker 1: Your goal could literally be I want to track my budget,

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Speaker 1: I want to track my spending. That could be your

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Speaker 1: goal for the rest of the year.

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Speaker 2: Yeah, Because even if you don't currently earn the money

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Speaker 2: to have expendable income to put into savings, it's the

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Speaker 2: habit and that skill of knowing how to track where

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Speaker 2: your money is going and knowing how to put some

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Speaker 2: money away, even if it's.

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Speaker 5: A dollar a week.

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Speaker 2: It's the habit. Because lifestyle creep is a real thing,

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Speaker 2: and lifestyle creep, lifestyle creep is calling me that.

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Speaker 1: Lifestyle dated lifestyle creeps.

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Speaker 2: A photo of alex Origan pops up in the I'm

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Speaker 2: joking if you say lifestyle creep three times in the

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Speaker 2: mirror behind you do. Lifestyle creep refers to when you

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Speaker 2: earn more money, your expenses and how much you spend

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Speaker 2: also increases. So that's why a lot of the time

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Speaker 2: people will earn more money, but they don't increase their

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Speaker 2: savings because they haven't learned that habit and they haven't

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Speaker 2: learned that habit of how to track where their money is.

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Speaker 1: So just start spending more, yeah, I get you.

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Speaker 2: Yeah.

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Speaker 1: So, or they move into more expensive apartments.

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Speaker 2: Afford it so they can afford it. Now they'll be like, oh,

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Speaker 2: I can buy this, or I can go on this holiday,

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Speaker 2: I can splurge a little bit more each time, and

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Speaker 2: they're not tracking where their money is going, or they

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Speaker 2: haven't built that money saving habit, and it's like, it

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Speaker 2: doesn't matter how much money you earn if you don't

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Speaker 2: have that habit. People always say like, if you can't

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Speaker 2: budget one hundred dollars, you can't budget one hundred thousand. Yeah,

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Speaker 2: and that's basically lifestyle creep.

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Speaker 1: That's such a good point. Okay. So third step is

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Speaker 1: then to evaluate our money goals. So kind of like

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Speaker 1: what we're just saying then is the key points in

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Speaker 1: this step is to review your spending and where your

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Speaker 1: money is going. Everyone's goals look different, so don't feel

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Speaker 1: like your goal needs to match someone else's. Like, just

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Speaker 1: think about what you actually want in life and then

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Speaker 1: have your money goals and values reflect that. Check your

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Speaker 1: banking app for summaries of your spending, so a lot

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Speaker 1: of banking apps will show you in like folders and

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Speaker 1: categories of where your money's going. And so this was

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Speaker 1: another thing that showed me how much I was spending

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Speaker 1: on takeaway food, and I was like, girl, that's enough. Yeah,

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Speaker 1: And I still spend money on takeaway food, but I

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Speaker 1: really just not as much. Yeah. And then the other

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Speaker 1: thing that helped me stop spending as much on things

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Speaker 1: that I was like, I don't want to spend that

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Speaker 1: much because I don't think I realized how much certain

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Speaker 1: things I was spending money on I was spending money on. Yeah,

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Speaker 1: that's our yeah, is to invest in a money diary,

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Speaker 1: so you look at where your money's going and whether

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Speaker 1: it aligns to your values. And for some it could

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Speaker 1: be an international trip, hitting a savings target, getting a

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Speaker 1: new work bag, like it's all different, and potentially a

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Speaker 1: house deposit, right, But I feel like we look at

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Speaker 1: house deposits as like the only saving skull you could

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Speaker 1: possibly want, and for a lot of people that's not

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Speaker 1: a priority. Yeah. But a money diary is basically a

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Speaker 1: journaling practice where you write down all of your spending,

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Speaker 1: whether it was x or x, like twenty dollars or

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Speaker 1: sixty bucks, And this practice can really help you whether

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Speaker 1: you're spending was like a value or not. So when

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Speaker 1: I was doing this, I hated how many times I

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Speaker 1: was writing down Uber eats a week, Yeah, and it

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Speaker 1: would and it would be twenty dollars here and there,

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Speaker 1: which in the moment I'm like, oh, it's only twenty bucks, yeah,

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Speaker 1: you know, sometimes it was sixteen bucks, you know, like

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Speaker 1: it wouldn't be a lot. But then as I wrote

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Speaker 1: it down at the end of the week, when you

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Speaker 1: do this summary, you know, at two weeks, it was

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Speaker 1: like one hundred bucks on uber eats, and I was like,

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Speaker 1: I don't want to spend one hundred bucks on Uber eats. Yeah,

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Speaker 1: I want to spend that elsewhere or save it, you know,

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Speaker 1: But like it just shows you the accumulative amount that

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Speaker 1: you're spending on things and makes it more conscious. It

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Speaker 1: takes out the impulse of spending because at the end

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Speaker 1: of the day or at the end of the week,

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Speaker 1: you write down everything. And it also really helped me

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Speaker 1: feel a lot more empowered with my spending.

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Speaker 2: Makes you feel more in control.

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Speaker 1: And then what would stop me from spending is if

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Speaker 1: I didn't want to write it down. I was like, no,

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Speaker 1: I don't want to write down this purchase in there,

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Speaker 1: and so then I was like, all right, you don't

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Speaker 1: need it. Then it's like a therapist. Yeah, it really

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Speaker 1: was good.

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Speaker 2: I want to tell you this, I don't want to

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Speaker 2: I did.

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Speaker 1: I did a bad So our second last step is

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Speaker 1: to check in on any debts. It's really easy and

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Speaker 1: normal to bury your head in the sand and avoid

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Speaker 1: looking at debts, whether it's a buy and now pay

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Speaker 1: later service alone or my personal favorite parking fines. I

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Speaker 1: know I have one of my letterbox right now, and

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Speaker 1: I'm like, should I got to get that out?

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Speaker 2: God one right now. Yeah.

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Speaker 1: And I think the stress you have avoiding a task

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Speaker 1: is gone by doing the task. Like I hate how

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Speaker 1: much I put something off and I'm like, no, I

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Speaker 1: don't want to do it, Like, and I sit with

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Speaker 1: the stress for two weeks. I do the thing. The

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Speaker 1: stress is gone.

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Speaker 2: It takes you like five minutes to do it, and

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Speaker 2: it takes you.

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Speaker 1: Five seconds one second pause this podcast, Go do whatever

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Speaker 1: it is right now, and you feel ten times better.

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Speaker 1: Sometimes it's sending an email. It's everyone, I really need

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Speaker 1: to send that email.

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Speaker 2: It's everyone's toxic trade. Yeah, it's so frustrating.

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Speaker 1: Yeah. And then our final step in your midyear money

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Speaker 1: reset is to do your taxes. Baby. So junejulyze tax

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Speaker 1: time and we're gonna jump into our hot chick tax tips.

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Speaker 1: So kick us off south.

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Speaker 2: Our first tax tip, know your dates. If you're doing

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Speaker 2: your tax yourself, you have until the thirty first of

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Speaker 2: October Halloween to launch your tax. If you use an

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Speaker 2: account and you can lodge your tax as late as

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Speaker 2: the fifties, that's the.

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Speaker 1: Best treat.

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Speaker 2: Visit from the tax man.

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Speaker 1: Yeah, it's like doing a tax and your trick has

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Speaker 1: been like he's fine exactly.

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Speaker 2: Hopefully you'll get a return, double treat. But if you

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Speaker 2: do submit it late, the eighty zero late lodgment penalties

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Speaker 2: may apply of three hundred and thirteen dollars per twenty

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Speaker 2: eight days.

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Speaker 1: WHOA so do it on time? Do you get three

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Speaker 1: hundred dollar fine every month.

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Speaker 2: You don't do your tax?

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Speaker 1: WHOA so?

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Speaker 2: Write these dates down in your Richer Life planner or

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Speaker 2: put it in your phone. Whoaw you do not want

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Speaker 2: to miss that.

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Speaker 1: So if you do your tax two months like, you're

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Speaker 1: going to get an over six hundred dollar fine. That's

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Speaker 1: terrifying and that would be so easy to do.

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Speaker 2: Yeah, so set those reminders. Okay, that moves on to

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Speaker 2: our next tax tip. Use an accountant.

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Speaker 1: Oh, I love this one.

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Speaker 2: On average, you can get a bigger tax refund if

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Speaker 2: you use an accountant. According to H and R Block,

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Speaker 2: people who did their own tax received a refund of

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Speaker 2: two thousand, five hundred and seventy six dollars on average

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Speaker 2: in twenty twenty two, while people who used a tax

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Speaker 2: agent received an average of three thousand, five hundred and

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Speaker 2: fifty dollars in their return. The average cost of a

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Speaker 2: tax agent in New South Wales ranges between one hundred

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Speaker 2: and two hundred and sixty dollars. Obviously, this will depend

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Speaker 2: on the service required, but using this as an example,

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Speaker 2: even if you paid two hundred and sixty dollars, you

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Speaker 2: would still get an additional seven hundred and fourteen dollars

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Speaker 2: back if you used an accountant compared to if you

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Speaker 2: did it on your own.

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Speaker 1: It's so good. I think switching to using an accountant

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Speaker 1: was one of the best money hacks of my twenties.

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Speaker 2: And not only do you save money, but you save

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Speaker 2: so much time because they do all the work for you. Yeah.

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Speaker 1: I love it.

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Speaker 2: I don't know how to do it. You do it.

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Speaker 1: Yeah, you're the expert exactly. Ooh this is my favorite. Okay,

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Speaker 1: So five things you can claim on tax. This is sexy. Okay,

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Speaker 1: little little disclaimer, this doesn't mean you get one hundred

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Speaker 1: percent reimbursed as put by NYOB tax deductions aren't a

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Speaker 1: refund if you don't need it, don't buy it. The

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Speaker 1: full amount of better off in your pocket than any

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Speaker 1: tax deduction.

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Speaker 2: Number one smartphone and laptop related expenses. So if you

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Speaker 2: use your phone or computer or other devices for work,

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Speaker 2: you're entitled to claim a deduction of the costs incurred,

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Speaker 2: provided you didn't get reimbursed by your employer. So don't

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Speaker 2: try and do a sneaky because the ATO is apparently

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Speaker 2: cracking down on higher claims this year, so make sure

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Speaker 2: that you keep records. You've got your receipts and taxing

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Speaker 2: voices so that you can prove that you're legit entitled

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Speaker 2: to it.

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Speaker 1: Yeah, I think what's good is whenever you can get

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Speaker 1: a digital receipt, always get the digital receipt. Next one

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Speaker 1: is charitable donations. You can claim a tax deduction for

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Speaker 1: any donation over two dollars, provided you have supporting documents. However,

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Speaker 1: the organization must be a deductible gift recipient. We've included

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Speaker 1: a link on where you can check the eligible organizations

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Speaker 1: on the list in the show. Notes and donations to

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Speaker 1: personal gofundmeans aren't typically tax deductible.

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Speaker 2: Tax relate expenses if you used a professional accountant to

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Speaker 2: complete last year's tax return, you can also claim that

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Speaker 2: on this year's tax so good. Or if you've got

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Speaker 2: other tax advice throughout the year, you can also claim that.

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Speaker 2: And you can claim deductions for travel to and from

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Speaker 2: your tax agent's office.

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Speaker 1: I didn't know that, ye, So.

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Speaker 2: Keep any public transport receipts potentially what you might have

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Speaker 2: paid for petrol ubers, that kind of thing.

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Speaker 1: Yeah, so good, so good. The circle of life, or

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Speaker 1: just like take photos of these, have like a little

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Speaker 1: group chat with yourself, where like whenever you have a receipt,

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Speaker 1: take a photo of it and just send it to yourself.

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Speaker 1: That's what we do with things because it's so easy

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Speaker 1: to lose receipts. Yeah, okay. My next favorite tax time

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Speaker 1: hack is a handbag. So you can actually claim the

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Speaker 1: cost of a handbag. However, little disclaimer it must be

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Speaker 1: used and suitable for work purposes, so like you'll turn

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Speaker 1: a little Jacque mor sank only. So while most people

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Speaker 1: can't claim like a design er bag, a more modest

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Speaker 1: bag used for work can qualify for a deduction. Which

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Speaker 1: I love that one. Yeah, it's my favorite one.

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Speaker 2: This is your sign to treat yourself to a new

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Speaker 2: work handbag if you need it.

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Speaker 1: And I'm gonna be honest, that's why we chose to

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Speaker 1: put this episode out this side of the financial year

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Speaker 1: rather than in July, because we were like, no, we'll

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Speaker 1: give them the tips before, because I'm like, what's the

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Speaker 1: point of me knowing that in July?

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Speaker 2: I know that's got a way to hold year.

440
00:22:35,400 --> 00:22:37,240
Speaker 1: Whereas you go, you got tam girl.

441
00:22:37,200 --> 00:22:42,320
Speaker 2: Yeah, quick, go for it now. Memberships and subscriptions, depending

442
00:22:42,480 --> 00:22:44,639
Speaker 2: on your line of work, you can also get a

443
00:22:44,760 --> 00:22:50,080
Speaker 2: tax deduction on TV, music subscriptions, magazine subscriptions, software, or

444
00:22:50,280 --> 00:22:53,480
Speaker 2: even sometimes gym memberships, depending on what you do for work.

445
00:22:53,520 --> 00:22:54,160
Speaker 1: That's so good.

446
00:22:54,320 --> 00:22:57,919
Speaker 2: Yeah, so I used to claim like my Spotify, my Netflix,

447
00:22:58,760 --> 00:23:01,920
Speaker 2: my rolling Stone subscription, all that music.

448
00:23:01,800 --> 00:23:06,639
Speaker 1: Journalists, music journalist. That's so good. I'm into that. So,

449
00:23:07,119 --> 00:23:10,040
Speaker 1: if you do get the love little treat of a

450
00:23:10,160 --> 00:23:12,879
Speaker 1: tax return, how would you spend it?

451
00:23:14,200 --> 00:23:17,800
Speaker 2: I personally would put it in savings. I'm worrying.

452
00:23:18,240 --> 00:23:21,240
Speaker 1: I think putting your tax return in savings is the

453
00:23:21,359 --> 00:23:25,440
Speaker 1: best hack for if you don't have expendable income to save,

454
00:23:26,480 --> 00:23:28,359
Speaker 1: or if you're a bad saver, which is fine, so

455
00:23:28,440 --> 00:23:30,119
Speaker 1: many people are a bad saver, but don't stress if

456
00:23:30,119 --> 00:23:32,760
Speaker 1: you are. Like, it's a it's a tricky habit to

457
00:23:32,840 --> 00:23:35,360
Speaker 1: get into. Yeah, but like if you're not the best saver,

458
00:23:35,800 --> 00:23:38,240
Speaker 1: put your tax return into savings and then you're kind

459
00:23:38,240 --> 00:23:40,639
Speaker 1: of like done. You don't have to. Then you've just

460
00:23:40,920 --> 00:23:44,240
Speaker 1: you've got savings, you've got an emergency fund. You've made

461
00:23:44,280 --> 00:23:47,720
Speaker 1: the first step. And I know it's boring, and like

462
00:23:47,840 --> 00:23:50,680
Speaker 1: I haven't always done that. One time, we were away

463
00:23:50,760 --> 00:23:53,400
Speaker 1: on a holiday and I got my tax return while

464
00:23:53,400 --> 00:23:57,040
Speaker 1: we were in the US. This was I think six years.

465
00:23:56,920 --> 00:24:02,080
Speaker 2: Ago now twenty nineteen, Yeah, years ago, Jesus, and I

466
00:24:02,200 --> 00:24:03,959
Speaker 2: was like paid days as well.

467
00:24:04,000 --> 00:24:06,160
Speaker 1: I didn't really have very much money for spending while

468
00:24:06,200 --> 00:24:06,560
Speaker 1: we were there.

469
00:24:07,840 --> 00:24:10,639
Speaker 2: Also, that makes sense for the trip, you know, like

470
00:24:10,800 --> 00:24:12,720
Speaker 2: if that was your money goal at the time, which

471
00:24:12,840 --> 00:24:15,760
Speaker 2: was to go on a holiday, that makes sense to

472
00:24:15,840 --> 00:24:19,080
Speaker 2: put it towards that. Yeah, I think at least if

473
00:24:19,119 --> 00:24:20,959
Speaker 2: you don't want to put all of it into savings,

474
00:24:21,040 --> 00:24:23,480
Speaker 2: even if you put a percentage of it into savings

475
00:24:23,560 --> 00:24:25,200
Speaker 2: and then you can use the rest to pay for

476
00:24:25,240 --> 00:24:26,720
Speaker 2: a holiday or treat yourself.

477
00:24:26,640 --> 00:24:29,919
Speaker 1: Like a nice little treat with your tax return is nice,

478
00:24:30,880 --> 00:24:34,320
Speaker 1: Like setting a budget of maybe like ten percent of

479
00:24:34,400 --> 00:24:37,200
Speaker 1: your tax return or twenty percent of your tax return,

480
00:24:37,280 --> 00:24:39,840
Speaker 1: depending on how much it is to buy yourself something

481
00:24:39,880 --> 00:24:41,320
Speaker 1: a little nice because it is the end of the

482
00:24:41,400 --> 00:24:43,560
Speaker 1: financial year, and it's like a reward for all the

483
00:24:43,640 --> 00:24:45,879
Speaker 1: hard work you've done. Yeah, that you can be like,

484
00:24:46,000 --> 00:24:48,639
Speaker 1: good job, this is this is your personal little promotion

485
00:24:49,359 --> 00:24:50,760
Speaker 1: to you from you exactly.

486
00:24:51,160 --> 00:24:54,240
Speaker 2: A good reminder, though, is that your tax return isn't

487
00:24:54,359 --> 00:24:58,040
Speaker 2: free money. It was always your money and you're only

488
00:24:58,160 --> 00:25:01,639
Speaker 2: getting a percentage of it back. Whereas I think a

489
00:25:01,680 --> 00:25:03,720
Speaker 2: lot of people are like, yes, this is like a bonus,

490
00:25:03,840 --> 00:25:06,760
Speaker 2: free money, and then that's when they just pissed off

491
00:25:06,800 --> 00:25:09,720
Speaker 2: the wall man. So I think remembering that this money

492
00:25:09,840 --> 00:25:12,119
Speaker 2: was always yours can kind of put a little bit

493
00:25:12,160 --> 00:25:13,240
Speaker 2: of greater value on it.

494
00:25:13,520 --> 00:25:17,440
Speaker 1: Yeah. Well, okay, and last, but not least, end of

495
00:25:17,560 --> 00:25:19,960
Speaker 1: financial sales. I feel like this was probably a bit

496
00:25:20,080 --> 00:25:22,920
Speaker 1: irresponsible of us to promote end of financial use sales

497
00:25:22,960 --> 00:25:25,879
Speaker 1: after we've talked about getting your tax back. But I

498
00:25:26,000 --> 00:25:29,119
Speaker 1: don't think so, Tata potato, that's how money. You do

499
00:25:29,160 --> 00:25:32,680
Speaker 1: what you want to, Okay, So June means end of

500
00:25:32,760 --> 00:25:36,560
Speaker 1: financial use sales. End of financial use sales are already

501
00:25:36,600 --> 00:25:39,840
Speaker 1: in full swing and predominantly continue from June to July

502
00:25:40,119 --> 00:25:43,400
Speaker 1: and wrap up like early to mid July. It's when

503
00:25:43,480 --> 00:25:46,760
Speaker 1: brands are trying to clear out old stock in order

504
00:25:46,840 --> 00:25:49,320
Speaker 1: to make room for new stock in the new financial year.

505
00:25:50,000 --> 00:25:53,600
Speaker 1: Typically things like vacuums, coats, big brand names, we put

506
00:25:53,680 --> 00:25:57,119
Speaker 1: into sales sections that are like hundreds of products up

507
00:25:57,200 --> 00:26:01,440
Speaker 1: to seventy percent off. For example, we don't typically see

508
00:26:01,840 --> 00:26:06,120
Speaker 1: cite wide sales during end of financial year. We typically

509
00:26:06,240 --> 00:26:09,960
Speaker 1: see you know, x amount of products up to x

510
00:26:10,080 --> 00:26:13,320
Speaker 1: percent off because it's select products that are being discounted.

511
00:26:13,960 --> 00:26:17,200
Speaker 1: So some tips to shopping end of financial year sales

512
00:26:17,880 --> 00:26:21,560
Speaker 1: is to price match, price match, price match. It can

513
00:26:21,640 --> 00:26:24,560
Speaker 1: be as simple as using like a Google product carousel.

514
00:26:24,680 --> 00:26:28,679
Speaker 1: So like you type into Google dice in air wrap sale.

515
00:26:29,320 --> 00:26:31,359
Speaker 1: That's it. Just type in the product name and then

516
00:26:31,400 --> 00:26:34,400
Speaker 1: the keyword sale, and the Google carousel up the top

517
00:26:34,840 --> 00:26:37,960
Speaker 1: will show you all the stockers of who stocks that

518
00:26:38,119 --> 00:26:41,359
Speaker 1: product and where it's on sale, and that way you

519
00:26:41,400 --> 00:26:43,280
Speaker 1: can just kind of scroll through, see which one's the

520
00:26:43,320 --> 00:26:46,560
Speaker 1: best price and then work backwards from that. So price

521
00:26:46,640 --> 00:26:49,760
Speaker 1: matching is really good when someone has a price beat

522
00:26:49,840 --> 00:26:53,560
Speaker 1: guarantee by like five percent or ten percent, or they

523
00:26:53,640 --> 00:26:56,080
Speaker 1: have a really good cash back offer at that place.

524
00:26:56,200 --> 00:27:00,240
Speaker 1: So for example, if the Iconic has twenty percent cash

525
00:27:00,359 --> 00:27:02,879
Speaker 1: back and they'll price match it, you're gonna save a

526
00:27:02,960 --> 00:27:06,280
Speaker 1: further twenty percent off off the price match. And then

527
00:27:06,400 --> 00:27:09,640
Speaker 1: of course if you have a voucher, yeah, do check

528
00:27:09,760 --> 00:27:13,320
Speaker 1: brand's websites and sometimes they'll say yes and sometimes they'll

529
00:27:13,320 --> 00:27:15,800
Speaker 1: say no, depending on the demand of an item. You

530
00:27:15,960 --> 00:27:20,760
Speaker 1: can't guarantee it always, unfortunately, but it's worth a shot. Absolutely,

531
00:27:20,880 --> 00:27:23,600
Speaker 1: you miss one hundred percent of the price match shuts

532
00:27:23,640 --> 00:27:27,800
Speaker 1: you don't take okay. Number Two, Like I just said,

533
00:27:27,880 --> 00:27:30,720
Speaker 1: cash back always, it's just just be a habit while

534
00:27:30,760 --> 00:27:33,200
Speaker 1: you're spending. You can save so much money. I've saved

535
00:27:33,520 --> 00:27:36,040
Speaker 1: one thy seven hundred dollars using cash back. Not an

536
00:27:36,080 --> 00:27:39,720
Speaker 1: ad do work with them, but that placement wasn't. And three,

537
00:27:39,920 --> 00:27:42,560
Speaker 1: remember if you don't want it before you saw it

538
00:27:42,680 --> 00:27:44,680
Speaker 1: on sale, you don't need it.

539
00:27:45,800 --> 00:27:46,000
Speaker 2: Yeah.

540
00:27:46,080 --> 00:27:48,800
Speaker 1: Always a good reminder because I love having a little

541
00:27:48,840 --> 00:27:51,439
Speaker 1: scroll through a sale section and then I end up

542
00:27:51,760 --> 00:27:55,040
Speaker 1: with shit in my car. Then I'm like what is that?

543
00:27:56,000 --> 00:28:01,880
Speaker 1: I'm like and I'm like, no, out of here. All right,

544
00:28:02,000 --> 00:28:11,679
Speaker 1: into advice with the chicks. I am a very emotionally

545
00:28:11,840 --> 00:28:15,760
Speaker 1: vulnerable and empathetic person, but for some reason, I attract

546
00:28:15,920 --> 00:28:19,480
Speaker 1: closed off, distant friends. I don't know why this is,

547
00:28:19,680 --> 00:28:21,720
Speaker 1: but ever since I can remember, I tend to have

548
00:28:21,840 --> 00:28:23,800
Speaker 1: best friends who I feel as though I need to

549
00:28:23,920 --> 00:28:27,680
Speaker 1: chase for their attention and I will be their reliable friend,

550
00:28:27,880 --> 00:28:30,920
Speaker 1: but it won't necessarily be reciprocated. And when I don't

551
00:28:31,040 --> 00:28:33,359
Speaker 1: do what they want or give one hundred percent, I

552
00:28:33,440 --> 00:28:34,879
Speaker 1: am seen as a bad friend.

553
00:28:36,160 --> 00:28:36,640
Speaker 2: Hmmmm.

554
00:28:37,880 --> 00:28:40,720
Speaker 1: I feel like this potentially could come down to the

555
00:28:40,800 --> 00:28:47,200
Speaker 1: attachment styles, which are typically spoken in a romantic situation.

556
00:28:47,480 --> 00:28:50,360
Speaker 1: But attachment styles relate to any type of relationship you

557
00:28:50,440 --> 00:28:52,680
Speaker 1: have because it's kind of brought into the relationship you

558
00:28:52,800 --> 00:28:56,560
Speaker 1: had within your family growing up. And so attachment styles,

559
00:28:56,840 --> 00:29:01,400
Speaker 1: there's three. There's avoidant, anxious, and dis organized. And disorganized

560
00:29:01,440 --> 00:29:04,480
Speaker 1: is kind of a combination of anxious and avoidant, and

561
00:29:04,800 --> 00:29:08,440
Speaker 1: it sounds like, as you said, you might have a

562
00:29:08,520 --> 00:29:12,160
Speaker 1: little bit more of an anxious attachment style because an

563
00:29:12,160 --> 00:29:15,200
Speaker 1: anxious attachment style. Oh, there's also secure. Sorry I missed

564
00:29:15,240 --> 00:29:18,880
Speaker 1: that one. There's a secure attachment style, but anxious attachment styles,

565
00:29:18,920 --> 00:29:22,680
Speaker 1: which is so normal, like I have had anxious attachment

566
00:29:22,760 --> 00:29:24,520
Speaker 1: style for a very good period of time in my

567
00:29:24,600 --> 00:29:29,920
Speaker 1: life is where you kind of really need your friends

568
00:29:30,000 --> 00:29:31,560
Speaker 1: to know that you love them, and you need attention

569
00:29:31,680 --> 00:29:34,800
Speaker 1: from them back and validation and validation, and you go

570
00:29:35,000 --> 00:29:38,080
Speaker 1: above and beyond for friendships, and when they don't reciprocate that,

571
00:29:38,200 --> 00:29:40,680
Speaker 1: you feel kind of a little bit hard done by.

572
00:29:41,160 --> 00:29:44,280
Speaker 1: And then avoidant attachment styles is kind of how it sounds.

573
00:29:44,320 --> 00:29:47,320
Speaker 1: It's like when people are, you know, doing nice things

574
00:29:47,400 --> 00:29:49,480
Speaker 1: for you, which is just the bare minimum, you kind

575
00:29:49,480 --> 00:29:51,480
Speaker 1: of step away and you're like, WHOA too much too soon?

576
00:29:51,800 --> 00:29:55,000
Speaker 2: Yeah? He yeah, And the more people try to do that,

577
00:29:55,200 --> 00:29:57,160
Speaker 2: the more you back away and close yourself off.

578
00:29:57,400 --> 00:29:57,600
Speaker 1: Yeah.

579
00:29:57,640 --> 00:30:00,040
Speaker 2: So if it's an anxious and an avoidant to get.

580
00:30:00,840 --> 00:30:05,400
Speaker 1: Yes, it's like to repeat it is it is, And

581
00:30:05,520 --> 00:30:07,600
Speaker 1: that's maybe why it feels like a bit of a chase.

582
00:30:08,000 --> 00:30:09,640
Speaker 1: And so I think what could be helpful in this

583
00:30:09,720 --> 00:30:14,560
Speaker 1: scenario is understanding your attachment style and your friend's attachment styles.

584
00:30:15,040 --> 00:30:17,800
Speaker 1: And we do not to plug totally up to you

585
00:30:17,920 --> 00:30:19,560
Speaker 1: can also read about it online, but we do have

586
00:30:19,600 --> 00:30:22,040
Speaker 1: a chapter on it in the book Finding Your People,

587
00:30:22,720 --> 00:30:25,480
Speaker 1: and it shows you how to kind of come to

588
00:30:25,600 --> 00:30:28,320
Speaker 1: terms with what your attachment style is and become a

589
00:30:28,400 --> 00:30:31,120
Speaker 1: little bit more aware of that and also how to

590
00:30:31,240 --> 00:30:35,520
Speaker 1: manage other people's attachment styles and whether they are avoidant,

591
00:30:35,600 --> 00:30:39,160
Speaker 1: so that you kind of can understand why people act

592
00:30:39,240 --> 00:30:40,760
Speaker 1: the way they act a little bit more.

593
00:30:41,240 --> 00:30:41,440
Speaker 3: Yeah.

594
00:30:41,800 --> 00:30:43,760
Speaker 2: I think then that way, you're not going to take

595
00:30:43,800 --> 00:30:46,320
Speaker 2: a lot of these things so personal. But then you

596
00:30:46,440 --> 00:30:49,800
Speaker 2: also know how to perhaps adjust your behavior or your

597
00:30:49,920 --> 00:30:55,000
Speaker 2: expectations on how you expect that friend to react or

598
00:30:55,320 --> 00:30:56,120
Speaker 2: interact with you.

599
00:30:56,440 --> 00:30:58,960
Speaker 1: Yeah. However, on the last point of like if you

600
00:30:59,040 --> 00:31:00,960
Speaker 1: don't go above and beyond for them and then you're

601
00:31:01,000 --> 00:31:03,520
Speaker 1: seen as like a bad friend, I do think that's

602
00:31:03,600 --> 00:31:05,600
Speaker 1: potentially a boundary that needs to be put in place.

603
00:31:05,680 --> 00:31:07,760
Speaker 1: Like if they're expecting something from you that they don't

604
00:31:07,800 --> 00:31:11,200
Speaker 1: do for you, I think a boundary needs to be set.

605
00:31:11,560 --> 00:31:14,120
Speaker 2: Yeah, exactly, because if you don't do that, they're going

606
00:31:14,200 --> 00:31:15,760
Speaker 2: to keep expecting you to do that.

607
00:31:15,840 --> 00:31:16,040
Speaker 1: Yeah.

608
00:31:16,240 --> 00:31:18,560
Speaker 2: A lot of the time people aren't going to be like, no, stop,

609
00:31:18,680 --> 00:31:20,080
Speaker 2: don't go above and beyond.

610
00:31:19,840 --> 00:31:22,120
Speaker 1: Say oh, thanks for picking me up every time I

611
00:31:22,240 --> 00:31:22,840
Speaker 1: go out.

612
00:31:23,440 --> 00:31:25,880
Speaker 2: Because they're reaping the benefits of that. Nobody's going to

613
00:31:25,960 --> 00:31:28,920
Speaker 2: ask you to stop. Sometimes you have to put your

614
00:31:28,960 --> 00:31:30,120
Speaker 2: foot down for things like.

615
00:31:30,160 --> 00:31:31,840
Speaker 1: That, And it doesn't need to be a big dealer either,

616
00:31:31,960 --> 00:31:34,520
Speaker 1: just be like, oh they can't time, you can't make it.

617
00:31:34,880 --> 00:31:36,800
Speaker 2: Yeah, exactly. It can be as simple as that. Doesn't

618
00:31:36,840 --> 00:31:39,160
Speaker 2: have to be a huge discussion discussion or.

619
00:31:41,320 --> 00:31:44,480
Speaker 1: All right, chicky Choks. That is a wrap on today's

620
00:31:44,480 --> 00:31:47,040
Speaker 1: episode of Two Breake Cheeks. I'm actually so excited to

621
00:31:47,080 --> 00:31:49,400
Speaker 1: go and like do my budget, which I never thought

622
00:31:49,480 --> 00:31:52,719
Speaker 1: I would say, Like, listen to the podcast T years ago.

623
00:31:52,720 --> 00:31:56,080
Speaker 1: I was like, Bud, just a fucking boring, boring, but

624
00:31:56,520 --> 00:31:59,200
Speaker 1: they are, but like they're good to do. Yeah, you

625
00:31:59,280 --> 00:32:02,640
Speaker 1: feel really good after it. They're necessary evil as well,

626
00:32:02,840 --> 00:32:04,760
Speaker 1: Like when you do it, you kind of do realize

627
00:32:05,360 --> 00:32:06,680
Speaker 1: the things that you can afford.

628
00:32:07,080 --> 00:32:09,000
Speaker 2: Yeah, that you're like, oh now I don't have to

629
00:32:09,040 --> 00:32:09,920
Speaker 2: feel guilty.

630
00:32:09,640 --> 00:32:14,200
Speaker 1: About spending money on getting my nails done. Yeah. Values, baby, values.

631
00:32:15,000 --> 00:32:17,720
Speaker 2: But also, as always, just a quick reminder, this isn't

632
00:32:17,840 --> 00:32:21,200
Speaker 2: financial advice, and speak to your accountant if you do

633
00:32:21,360 --> 00:32:25,040
Speaker 2: have any questions specific to your situation, or a financial advisor.

634
00:32:25,440 --> 00:32:27,240
Speaker 2: But we will put links in the show notes to

635
00:32:27,400 --> 00:32:29,480
Speaker 2: a bunch of the different things that we spoke about today,

636
00:32:29,560 --> 00:32:30,840
Speaker 2: so you can check them out for yourselves.

637
00:32:30,920 --> 00:32:34,280
Speaker 1: Love it. Get that cash money, cash money, honey. All right,

638
00:32:34,320 --> 00:32:35,480
Speaker 1: bat you chicks.

639
00:32:35,720 --> 00:32:37,960
Speaker 2: Thanks to Mika made for making today's episode happened bad