WEBVTT - Five strategies to help prepare your finances for 2023 0:00:07.530 --> 0:00:09.450 Hello and welcome to It All ends up the podcast 0:00:09.450 --> 0:00:11.070 where we chat about money, how to get it, how 0:00:11.070 --> 0:00:13.080 to spend it and how to invest it. I'm money 0:00:13.080 --> 0:00:13.530 editor Dom. 0:00:13.530 --> 0:00:16.890 Powell, and I'm senior economics writer Jess Irvine, and this 0:00:16.890 --> 0:00:19.979 is our final episode of the year. Dom I can't 0:00:19.980 --> 0:00:23.670 believe we've actually this is our 17th episode. Time flies 0:00:23.670 --> 0:00:24.390 when you're having fun. 0:00:24.690 --> 0:00:27.240 17 It feels a bit like I feel that we 0:00:27.240 --> 0:00:29.070 should have finished it on a round number. Obviously we 0:00:29.070 --> 0:00:32.220 didn't plan this very well, but 17 just feels like it's, 0:00:32.280 --> 0:00:33.750 it just sort of irks me a bit. But seven 0:00:33.790 --> 0:00:35.370 it's a lot. We did a lot of episodes. 0:00:35.400 --> 0:00:37.860 It's a bit random, but yes. No, there's been some 0:00:37.860 --> 0:00:41.870 excellent if I do say so myself. Episodes that we produced. 0:00:41.880 --> 0:00:43.470 Did you have a favorite so far? 0:00:43.860 --> 0:00:46.320 I think my favorite was the one we did on Hacks. 0:00:46.770 --> 0:00:48.390 I really enjoyed doing that one. If you have a 0:00:48.390 --> 0:00:49.830 listen to it, go back and listen to it. But 0:00:50.190 --> 0:00:52.050 I think it's just sort of one of those things 0:00:52.050 --> 0:00:53.970 that we're in a very unique sort of situation where 0:00:54.450 --> 0:00:57.330 inflation really does matter if you hexed it. So talking 0:00:57.330 --> 0:00:59.500 about it, thinking about it, I think is really important. 0:00:59.520 --> 0:01:01.560 Yeah, my favorite one we've done so far was on 0:01:01.560 --> 0:01:04.620 pay rises and I think it's a sensitive topic for 0:01:04.620 --> 0:01:06.840 a lot of people. Nobody wants to ask, but it's 0:01:06.840 --> 0:01:10.080 just so important that you ask in the New year. 0:01:10.319 --> 0:01:12.210 And we're taking a little break, but we're going to 0:01:12.209 --> 0:01:15.840 replay over the summer some of our best hits, including 0:01:15.840 --> 0:01:18.870 the next one and including the pay rises ones. So 0:01:19.050 --> 0:01:21.899 you will still be getting little snippets from us dropping 0:01:21.900 --> 0:01:25.259 into your podcast feeds in the coming weeks ahead while 0:01:25.260 --> 0:01:28.710 you're sunning yourselves at the beach, hopefully. And yeah, we're 0:01:28.709 --> 0:01:31.020 looking forward to reading some of those for you. 0:01:31.140 --> 0:01:33.179 Yeah, it's sort of sort of like a greatest hits, 0:01:33.180 --> 0:01:35.220 you know, those so fresh CD's that everyone used to 0:01:35.220 --> 0:01:37.080 get back in the day. It's like a so fresh 0:01:37.080 --> 0:01:40.170 hits of hits of this podcast. 2022. 0:01:40.170 --> 0:01:42.149 Yeah, it's probably a bit premature for our greatest hits 0:01:42.150 --> 0:01:44.070 of all time. I don't think we've been going on. 0:01:44.069 --> 0:01:46.110 No, no, I think it's fun. I think it's all right. 0:01:46.680 --> 0:01:48.810 I think bands, bands are a great asset album for 0:01:48.810 --> 0:01:51.150 being around for like, you know, five years. So. All right, 0:01:51.150 --> 0:01:54.420 we're getting that this week. We're rounding off 2022 with 0:01:54.420 --> 0:01:57.240 some advice to get you prepared for next year and 0:01:57.240 --> 0:02:00.360 thinking about what it sort of means to sort of have, 0:02:00.450 --> 0:02:03.150 you know, to be financially successful or maybe not even successful, 0:02:03.150 --> 0:02:07.020 just sort of financially stable in in 2023. And just 0:02:07.020 --> 0:02:08.730 what does that what does that mean to you when 0:02:08.730 --> 0:02:10.740 it sounds what does that sort of concept look like 0:02:10.740 --> 0:02:12.000 when we're going into the new year? 0:02:12.210 --> 0:02:15.060 Yeah, I mean, many people would think that's having a 0:02:15.060 --> 0:02:18.720 lot of money to be financially successful. I just need 0:02:18.720 --> 0:02:21.149 to have quite a lot of money. But for me, 0:02:21.150 --> 0:02:23.130 it's sort of just I mean, it's something that has 0:02:23.130 --> 0:02:25.889 evolved in my own life over the last couple of years, 0:02:26.220 --> 0:02:29.250 but just having a sense of being in financial control 0:02:29.250 --> 0:02:31.889 and actually when they do sort of studies of wellbeing 0:02:32.220 --> 0:02:35.490 next to, you know, having healthy relationships and a sense 0:02:35.490 --> 0:02:37.770 of purpose in life, having a sense of being in 0:02:37.770 --> 0:02:40.620 control of your money is one of the major predictors 0:02:40.620 --> 0:02:44.130 of whether a person is going to feel well or not. 0:02:44.130 --> 0:02:47.460 So it's it's really important and, you know, it's going 0:02:47.460 --> 0:02:52.350 to be a stressful year for many people. In 2023, 0:02:52.350 --> 0:02:55.020 we've got the rising cost of living that is still 0:02:55.020 --> 0:02:57.720 going to be an issue. And of course, particularly for 0:02:57.720 --> 0:03:00.510 people with mortgages, we're going to be hit in the 0:03:00.510 --> 0:03:03.720 face with a lot of rate hikes, particularly if you're 0:03:03.720 --> 0:03:07.350 on the fixed interest loans as I am. My fixed 0:03:07.350 --> 0:03:11.730 rate expires in June next year. So I will be 0:03:12.180 --> 0:03:15.270 confronting a doubling, if not more, in my interest rate 0:03:15.270 --> 0:03:18.480 when that happens. So I think I would just like 0:03:18.480 --> 0:03:21.240 for people to think through in advance what some of 0:03:21.240 --> 0:03:23.670 the issues are going to be around their finances and 0:03:23.669 --> 0:03:25.260 try to get ahead of the game a little bit 0:03:25.260 --> 0:03:29.340 just so that you feel in control of your finances? Yeah. 0:03:29.340 --> 0:03:32.090 What does financial success mean to you, Don? 0:03:32.639 --> 0:03:34.140 Yeah, well, I think I'm sort of in the same boat. 0:03:34.139 --> 0:03:36.420 I think it's less that around having a big lot 0:03:36.420 --> 0:03:39.540 of money, though. Obviously that's nice. But, you know, I 0:03:39.540 --> 0:03:42.540 think it's more just about not being concerned or not 0:03:42.540 --> 0:03:45.839 being worried or at least minimising your level of concern 0:03:45.840 --> 0:03:48.060 of worry, worry about your finances and just sort of 0:03:48.540 --> 0:03:52.770 being prepared for the whatever, whatever the world throws at you. 0:03:52.770 --> 0:03:55.470 And by by golly, is throwing a bit at us 0:03:55.470 --> 0:03:57.090 at the moment. You know, there's, there's a little bit 0:03:57.090 --> 0:04:00.210 going on and has been for a while. So I 0:04:00.210 --> 0:04:02.310 think I think it's just more that sort of level 0:04:02.310 --> 0:04:04.800 of stability that's that's sort of what it what it 0:04:04.800 --> 0:04:06.030 means to me. And I think that's what we should 0:04:06.030 --> 0:04:08.670 all be aspiring to or hoping to aspire to. 0:04:08.680 --> 0:04:11.670 Yeah. And are you and New Year's resolutions sort of person? 0:04:11.760 --> 0:04:14.520 Look, not really. I have to say, every now and 0:04:14.520 --> 0:04:16.770 again I think about making New Year's resolution. But, you know, 0:04:16.910 --> 0:04:18.540 I just sort of I just sort of let it go. 0:04:19.080 --> 0:04:20.589 I sort of go with the flow sort of guy. 0:04:20.630 --> 0:04:20.910 You know. 0:04:21.660 --> 0:04:24.330 This is the year into my yang, which. 0:04:24.330 --> 0:04:26.339 Is that I have rigorously. 0:04:26.339 --> 0:04:28.890 Since I started writing at the Herald, I think been 0:04:28.890 --> 0:04:31.710 set setting myself New Year's resolutions. I once had a 0:04:31.710 --> 0:04:34.589 New Year's resolution that I was going to save a 0:04:34.589 --> 0:04:38.339 dollar for every for every dollar that I spent or something. 0:04:38.339 --> 0:04:40.440 I was going to do a minute's exercise or something. 0:04:40.440 --> 0:04:42.630 I have a sort of dual purpose to sort of 0:04:42.900 --> 0:04:44.430 have health and money related. 0:04:44.850 --> 0:04:46.710 So that's what that. 0:04:46.710 --> 0:04:47.760 Seems to say to. 0:04:47.760 --> 0:04:48.270 Me, like. 0:04:48.600 --> 0:04:51.360 It was some sort of motivation to get me to 0:04:51.360 --> 0:04:52.710 exercise or something. 0:04:53.790 --> 0:04:55.859 It didn't like that. That was that would be. 0:04:55.860 --> 0:04:59.429 So many minutes of exercise. Like, obviously that's great if 0:04:59.430 --> 0:05:01.290 you could do that, that's amazing. But like, say your 0:05:01.290 --> 0:05:05.160 mortgage is like, you know, two grand or something. That's 2000. 0:05:05.400 --> 0:05:06.300 It's an exercise. 0:05:06.710 --> 0:05:07.340 Well, I mean, read. 0:05:07.380 --> 0:05:08.760 That over a month. I don't know. 0:05:08.850 --> 0:05:09.180 Yeah. 0:05:09.470 --> 0:05:11.700 Then read everything else on top of that that you spent. 0:05:11.730 --> 0:05:13.170 I don't know. It was. 0:05:13.170 --> 0:05:15.450 It sounded admirable, Jess, but I think. I think that 0:05:15.450 --> 0:05:16.830 might have been a bit far fetched. 0:05:16.860 --> 0:05:20.219 Over the decades, that's evolved to this year, My financial 0:05:20.220 --> 0:05:22.710 resolution was just to track every dollar that I spent, 0:05:22.920 --> 0:05:25.260 and I did that. So. And that is actually something 0:05:25.260 --> 0:05:28.650 I've embedded into my lifestyle, is just to be a 0:05:28.650 --> 0:05:31.050 tracker of where my money is going. And that's actually 0:05:31.230 --> 0:05:34.230 my number one strategy. And thank you for indulging me 0:05:34.230 --> 0:05:36.779 and letting me kick off with this one as our 0:05:36.980 --> 0:05:40.140 strategies for people, because I think a lot of people 0:05:40.140 --> 0:05:42.690 would take that is to Mickey Mouse. I'm beyond that. 0:05:43.200 --> 0:05:44.880 I don't have time for that. I don't want to 0:05:44.880 --> 0:05:48.510 do that. But I am. Having said that, I'm just 0:05:48.510 --> 0:05:51.989 surprised since I've been writing about tracking my spending, the 0:05:51.990 --> 0:05:55.800 number of people and readers and listeners who contact me go, Yeah, 0:05:55.830 --> 0:05:59.270 I've kept a spreadsheet of every dollar I've spent since 1974. 0:05:59.279 --> 0:06:02.880 You know, for some of our older listeners, it's actually 0:06:02.880 --> 0:06:06.270 something that is quite common to do. And if you 0:06:06.270 --> 0:06:09.960 are feeling scared or worried about your finances for 2023, 0:06:10.230 --> 0:06:13.170 just one really simple practical thing you can do is 0:06:13.170 --> 0:06:15.750 to start to pay closer attention to where your money 0:06:15.750 --> 0:06:20.099 is going. I have my own spending tracker that I use. 0:06:20.130 --> 0:06:23.010 You can find that through my Instagram money with Jess 0:06:23.250 --> 0:06:25.410 play along at home with. Exactly. I just have a 0:06:25.410 --> 0:06:28.500 sheet of paper and I write down coffee for dollars. 0:06:28.500 --> 0:06:32.550 You know, the utility bill for water, which is quarterly, 0:06:32.550 --> 0:06:36.660 you know, $250. And I track everything. So I have 0:06:36.660 --> 0:06:39.180 that visibility about where my money is going, and that 0:06:39.180 --> 0:06:41.250 helps me to plan for where I want to go. 0:06:41.250 --> 0:06:44.460 And that's been an absolute revelation for me in my life. 0:06:44.460 --> 0:06:47.520 And that has given me that sense of control that 0:06:47.520 --> 0:06:48.839 I think a lot of people are going to be 0:06:48.839 --> 0:06:51.479 looking for in the year ahead because things are moving 0:06:51.480 --> 0:06:54.330 quickly and you're going to really need to be reviewing 0:06:54.330 --> 0:06:56.130 a lot of your expenses to see if you can 0:06:56.130 --> 0:06:58.350 keep up, you know, with the mortgage or whether it's 0:06:58.350 --> 0:07:00.900 the rent going up. And, you know, I would just 0:07:00.900 --> 0:07:03.419 like to be the person in the world who normalizes 0:07:03.420 --> 0:07:06.000 that and just to go, yeah, it can be as 0:07:06.000 --> 0:07:08.520 simple as track your spending, find out where your money 0:07:08.520 --> 0:07:12.360 is going. And lots of us are doing it. Not Don. No. 0:07:12.720 --> 0:07:16.320 No. Here's the thing and again on the into to 0:07:16.320 --> 0:07:18.710 Jess's yang on the on the guy this is out 0:07:18.710 --> 0:07:20.520 here and it's not not budgeting at all it's like 0:07:20.520 --> 0:07:23.430 shooting from the hip. Yeah I look it's great because 0:07:23.430 --> 0:07:25.290 it means that we get to see both sides of 0:07:25.290 --> 0:07:27.720 the coin. But I mean, that being said, I lived 0:07:27.720 --> 0:07:30.120 this way. It may not be the best way to live. 0:07:30.300 --> 0:07:31.920 I'm sure it's probably better of you if you do 0:07:31.920 --> 0:07:34.800 actually think about things and plan and budget things a 0:07:34.800 --> 0:07:37.590 bit more than I do. I think that Jess's strategies 0:07:37.590 --> 0:07:41.250 are well-worn and and seem quite, quite good. So, you know. Yeah. 0:07:41.310 --> 0:07:44.100 And you don't seem particularly stressed about your money either. 0:07:44.100 --> 0:07:46.020 I think it's sort of if anyone is feeling that 0:07:46.020 --> 0:07:49.710 agitation and fear, it's sort of an exposure therapy thing 0:07:49.710 --> 0:07:52.200 about just a way to steer your money in the 0:07:52.200 --> 0:07:54.870 face of sort of if it's scaring you. Take a 0:07:54.870 --> 0:07:55.470 little look. 0:07:55.650 --> 0:07:58.200 Absolutely. And I think that sort of brings us to 0:07:58.470 --> 0:08:01.470 the our second tip, which is sort of around thinking 0:08:01.470 --> 0:08:05.280 about the things that are coming up this year, namely refinancing, 0:08:05.280 --> 0:08:07.320 because obviously, as just mentioned, there's going to be a 0:08:07.320 --> 0:08:10.140 lot of people coming from fixed interest rates to, you know, 0:08:10.140 --> 0:08:11.970 probably onto a variable rate, which is going to be 0:08:12.210 --> 0:08:14.730 likely to be a lot higher than their fixed rate. 0:08:14.730 --> 0:08:17.940 So that will be sort of a cascading effect for 0:08:17.940 --> 0:08:19.530 a lot of people. There's this sort of talk of 0:08:19.530 --> 0:08:22.590 this fixed interest rate cliff, which we are approaching and 0:08:22.590 --> 0:08:25.890 will approach in 2023. So I think the best idea 0:08:25.890 --> 0:08:27.630 for that for anyone that's sort of in that boat 0:08:27.630 --> 0:08:29.100 is just to get ahead of it and really think 0:08:29.100 --> 0:08:31.530 about it well in advance, probably at least two months 0:08:31.530 --> 0:08:34.440 before your fixed period expires and have a bit of 0:08:34.440 --> 0:08:36.390 a look around and all those there's many, many, many 0:08:36.390 --> 0:08:38.670 comparison websites where you can sort of look at the 0:08:38.670 --> 0:08:42.300 best deals and the best offers and think about what 0:08:42.300 --> 0:08:44.699 sort of variable rate you're going to move on to 0:08:44.700 --> 0:08:46.890 and what sort of benefits you can get. Like, you know, 0:08:46.890 --> 0:08:49.050 there always there are always people out there offering big 0:08:49.050 --> 0:08:51.900 packages of cash. Cashback offers a very popular and have 0:08:51.900 --> 0:08:54.780 become increasingly more popular as lenders have been sort of 0:08:54.780 --> 0:08:58.920 fighting for for people's money in people's business. So definitely 0:08:58.920 --> 0:09:01.470 some things to look in the into the just. 0:09:01.740 --> 0:09:03.780 Yeah and one of the trends that seems to be 0:09:03.780 --> 0:09:08.010 becoming entrenched and I think will continue for 2023 is 0:09:08.010 --> 0:09:10.920 the banks are sort of not too backwards in coming 0:09:10.920 --> 0:09:14.220 forward and saying, you know, they are offering lower interest 0:09:14.220 --> 0:09:17.670 rates to attract new customers. So the new customer variable 0:09:17.670 --> 0:09:21.540 rates are lower than the existing customer variable rates. You know, 0:09:21.900 --> 0:09:25.590 the incentive, they are trying to steal customers from each other. 0:09:26.220 --> 0:09:28.380 And if you can put yourself through the effort of 0:09:28.380 --> 0:09:30.870 refinancing and it can be a bit of can be 0:09:30.870 --> 0:09:32.850 a bit of a hassle depending on how complex your 0:09:32.850 --> 0:09:37.020 situation is. But there will be cheaper rates for new customers. 0:09:37.020 --> 0:09:38.550 And the best way to get them is to become 0:09:38.790 --> 0:09:41.490 a new customer. I, I have a sort of I 0:09:41.490 --> 0:09:44.069 don't endorse anyone, but I do like to look at 0:09:44.070 --> 0:09:47.670 there's an online only lender called Tick tock not tick 0:09:47.670 --> 0:09:51.660 tock the queue for the kids, which I'm on by 0:09:51.660 --> 0:09:56.850 the way but TikTok and I was just check what 0:09:56.850 --> 0:10:02.460 they're variable rate they've got a 4.61% comparison rate offer 0:10:02.460 --> 0:10:05.830 with with a mortgage offset and I. Like to check in. 0:10:05.970 --> 0:10:08.069 So if you're sitting there and your mortgage rate is 0:10:08.070 --> 0:10:11.699 already at a five plus, do just know that there's 0:10:11.700 --> 0:10:14.040 probably some cheaper rates for you. Another one that came 0:10:14.040 --> 0:10:17.339 up I looked on right city dot com Heritage bank 0:10:17.340 --> 0:10:21.570 was offering 4.69% going into Christmas plus the $3,000 cash 0:10:21.570 --> 0:10:23.910 back not endorsing any of those but just to let 0:10:23.910 --> 0:10:26.459 you know there's banks this heaps of lenders out there 0:10:26.460 --> 0:10:28.829 and probably ones you've never heard of before and this 0:10:28.830 --> 0:10:32.640 is the time to go looking for for a better deal. 0:10:32.640 --> 0:10:35.040 And with a note that some people are going to 0:10:35.040 --> 0:10:38.099 find that difficult because they will have seen the equity 0:10:38.100 --> 0:10:41.130 that they have in their home decline with house prices. 0:10:41.140 --> 0:10:44.850 So if you've gone over that 80%, Elvia, because house 0:10:44.850 --> 0:10:47.610 prices have come down, it may be more difficult for 0:10:47.610 --> 0:10:49.800 you to refinance because you might be paying Lynda's mortgage 0:10:49.800 --> 0:10:52.559 insurance when you do. So for people who are sort 0:10:52.559 --> 0:10:55.560 of in that situation are stuck. The best piece of 0:10:55.559 --> 0:10:57.750 advice I can offer you is if you're negotiating with 0:10:57.750 --> 0:11:00.929 your current lender, just ring them up and say, you know, 0:11:00.929 --> 0:11:03.510 don't mention about the LVR stuff because they wouldn't figure 0:11:03.510 --> 0:11:06.720 that out until the sort of mortgage application process where 0:11:06.720 --> 0:11:09.360 they would value your property just sort of come in 0:11:09.360 --> 0:11:12.059 strong and ask for a mortgage discharge form, which is 0:11:12.059 --> 0:11:14.820 the magic words these days. That's the form that tells 0:11:14.820 --> 0:11:17.460 them that you're very serious about switching to another bank 0:11:18.390 --> 0:11:20.339 and see how you go with that. But it is 0:11:20.340 --> 0:11:23.190 going to be more difficult for people who who've recently 0:11:23.190 --> 0:11:25.709 bought and the value of their property has come down. 0:11:25.710 --> 0:11:29.280 So they haven't quite got as much equity. So refinancing 0:11:29.280 --> 0:11:31.140 is going to be difficult, but yet about two months 0:11:31.140 --> 0:11:32.939 out from when you fix is ending, that's when you 0:11:32.940 --> 0:11:36.540 want to be thinking in 2023 about refinancing. 0:11:36.990 --> 0:11:38.790 Yeah, you've got to scare those banks, you know. 0:11:39.510 --> 0:11:41.100 You've got to play the game, but you know, keep. 0:11:41.100 --> 0:11:43.170 Them on their toes. They keep us on their on 0:11:43.170 --> 0:11:46.290 our toes. So, you know, you should. Yeah. Yeah. Like he's, 0:11:46.320 --> 0:11:48.780 he's sort of scary. You call them often like, oh, 0:11:48.870 --> 0:11:51.719 when a malicious judge, when you know, who knows what'll happen. 0:11:51.720 --> 0:11:53.309 Maybe they'll offer you a big fat wad of cash 0:11:53.309 --> 0:11:55.020 to to stay that happen to my sister and she 0:11:55.020 --> 0:11:57.180 ended up staying with the lender that she was already with. So. 0:11:57.630 --> 0:12:00.870 You know, getting cash back to stay with your existing lender. 0:12:00.900 --> 0:12:03.840 It's insane. Like they just so desperate to keep people 0:12:03.840 --> 0:12:06.120 on the books that they will they will go to 0:12:06.240 --> 0:12:08.880 the ends of the earth. Well, not quite. But, you know, 0:12:08.880 --> 0:12:10.290 they will do a lot to keep you around. So 0:12:10.290 --> 0:12:12.089 it's definitely worth milking that. 0:12:12.210 --> 0:12:18.540 Yes. Ask number three strategy for 2023 is to review 0:12:18.540 --> 0:12:21.570 your insurances. And people ask me like, oh, yes, I 0:12:21.570 --> 0:12:23.640 need to save some money because interest rates are going up. 0:12:23.640 --> 0:12:26.610 And I say review your insurances. And they say, what 0:12:26.610 --> 0:12:30.569 about another tip? Because that sounds really boring, but this 0:12:30.570 --> 0:12:32.850 is actually a great time of year. We've got a 0:12:32.850 --> 0:12:35.580 little bit more time on our hands, you know, do 0:12:35.580 --> 0:12:37.080 spend a lot of time at the beach. But if 0:12:37.080 --> 0:12:40.170 you've got an extra hour or so to call up 0:12:40.170 --> 0:12:44.220 your insurance company. So I'm thinking your car insurance, your 0:12:44.220 --> 0:12:47.969 home insurance, your health insurance, and then if you've got 0:12:47.970 --> 0:12:51.600 any forms of the life insurance TPD and sort of 0:12:51.630 --> 0:12:55.680 income protection insurance, make sure that you know at least 0:12:55.679 --> 0:12:59.190 what you are and are not covered for. And know 0:12:59.190 --> 0:13:01.380 that if you do sort of scale back some of 0:13:01.380 --> 0:13:04.319 the coverage in ways that you're comfortable with that will 0:13:04.320 --> 0:13:07.679 reduce your premiums. So just having a look at each 0:13:07.679 --> 0:13:10.470 of those insurance policies, you know, reading some of the 0:13:10.470 --> 0:13:13.469 finer details because, you know, we talk about, you know, 0:13:13.470 --> 0:13:17.339 don't drink coffee or don't, you know, your Netflix subscription. 0:13:17.580 --> 0:13:19.200 But if you want to save sort of in the 0:13:19.200 --> 0:13:23.910 tens to hundreds of dollars per year, your insurance contracts 0:13:23.910 --> 0:13:26.760 are one of the best places to start for some 0:13:26.760 --> 0:13:29.280 of the more substantial savings. So you might be able 0:13:29.280 --> 0:13:32.219 to keep your coffee and, you know, keep your Netflix 0:13:32.220 --> 0:13:35.790 if you sort of maybe look at your car insurance and, 0:13:35.790 --> 0:13:39.449 you know, increase the excess on that perhaps, which is 0:13:39.450 --> 0:13:42.510 a strategy I love, which means you're more exposed to 0:13:42.510 --> 0:13:44.790 paying the higher excess out-of-pocket in the event that you 0:13:44.790 --> 0:13:47.340 do make a claim, but it makes your premiums cheaper. 0:13:47.340 --> 0:13:49.470 So particularly if you're someone with a bit of cash 0:13:49.470 --> 0:13:52.350 set aside to cover, you know, a rainy day expense 0:13:52.350 --> 0:13:55.560 like that, and you can afford to pay the higher 0:13:55.559 --> 0:13:58.110 excesses that's going to save you. It's going to help 0:13:58.110 --> 0:14:02.220 your cash flow in the in the immediate term. So 0:14:02.220 --> 0:14:04.829 that can be a really great strategy for saving, I reckon. 0:14:04.830 --> 0:14:06.600 And again, look, you could even do this while you're 0:14:06.600 --> 0:14:09.270 at the beach. Pick up the phone and just give 0:14:09.270 --> 0:14:11.430 them a call. Get on the blower, go talk to 0:14:11.429 --> 0:14:13.199 your insurer and see what they'll offer you and see 0:14:13.200 --> 0:14:15.960 what they'll do for you. Because again, everyone's everyone's in 0:14:15.960 --> 0:14:17.460 the same sort of boat and there's deals out there 0:14:17.460 --> 0:14:19.890 that you can get that may not be immediately obvious. 0:14:19.890 --> 0:14:24.600 So getting on the phone underrated I'd say in in 2022. Yeah. 0:14:24.600 --> 0:14:27.510 And legit to say I don't have enough money. I'm 0:14:27.600 --> 0:14:30.360 feeling the cost of living pressure and just come at 0:14:30.360 --> 0:14:32.970 it fairly directly and I think that's totally fine. There's 0:14:32.970 --> 0:14:35.820 no shame in that. We're all feeling that go go 0:14:35.820 --> 0:14:38.010 for it and just haven't got the money to afford this. 0:14:38.280 --> 0:14:40.020 How can I make this cheaper? And they might come 0:14:40.020 --> 0:14:42.750 up with some strategies for you or just a better deal. 0:14:43.020 --> 0:14:46.560 Yeah, absolutely. And my, my fourth tip is sort of 0:14:46.890 --> 0:14:48.989 a bit of a crusade I've been on during the 0:14:48.990 --> 0:14:51.750 course of these 17 podcast episodes, which is making life 0:14:51.750 --> 0:14:56.640 easier for yourself through technology and other things. I've said 0:14:56.640 --> 0:15:00.480 this a number of times. Regular listeners will know this. 0:15:00.840 --> 0:15:02.940 I have like a bank app I'm with like a 0:15:02.940 --> 0:15:06.330 new fangled digital bank. It's. It's made banking is made 0:15:06.330 --> 0:15:09.840 my finances like far, far easier. And I know that 0:15:09.840 --> 0:15:12.060 there are people out there who are still sort of with, 0:15:12.120 --> 0:15:14.610 you know, that whatever bank they've been with for 30 0:15:14.610 --> 0:15:18.240 years and their parents or whatever. It's not that hard 0:15:18.240 --> 0:15:20.610 to switch banks. It's really not that hard. You have 0:15:20.610 --> 0:15:22.080 to it does take a little bit of a bit 0:15:22.080 --> 0:15:25.410 of time, but it is worth doing because sometimes this 0:15:25.530 --> 0:15:28.230 the quality of life that you will get from a 0:15:28.230 --> 0:15:31.110 newer bank or perhaps a different bank with some sort 0:15:31.110 --> 0:15:33.359 of newer technology, like there's loads of them out there. 0:15:34.140 --> 0:15:37.109 It's just it's just so good. It's so good. 0:15:37.320 --> 0:15:40.380 This happened with my super fund recently. I switched super 0:15:40.380 --> 0:15:43.440 funds and I didn't realize what I was missing out 0:15:43.440 --> 0:15:45.390 because the new fund has like an app where I 0:15:45.390 --> 0:15:47.280 can check my balance. I used to have to log 0:15:47.280 --> 0:15:49.980 in through a web browser and see in it, and 0:15:49.980 --> 0:15:53.010 it tells me and maps my, you know, past contributions. 0:15:53.010 --> 0:15:54.240 And it's just a lot better. 0:15:54.480 --> 0:15:56.010 Yeah, absolutely. And this is you. 0:15:56.010 --> 0:15:59.250 Don't know until you switch and see what else is around. 0:15:59.340 --> 0:16:01.470 And this is happening across the board, like I'm talking 0:16:01.470 --> 0:16:03.900 about the bank banking app because obviously I use it 0:16:03.900 --> 0:16:05.550 every day and it's very front of mind. But like 0:16:05.820 --> 0:16:09.600 pretty much every single thing that may like, you know, 0:16:09.600 --> 0:16:11.400 look at anything in your life that you may have 0:16:11.400 --> 0:16:13.350 been using for a very long time or been with 0:16:13.350 --> 0:16:16.530 for ages. And just think about ways that maybe, oh, 0:16:16.530 --> 0:16:17.880 maybe there's a better way to do this, or maybe 0:16:17.880 --> 0:16:19.530 there's a new way to do this, especially with something 0:16:19.530 --> 0:16:22.110 to do with your finances. Like, it's almost like it's 0:16:22.110 --> 0:16:24.090 like disrupting yourself. If we're going to use some real 0:16:24.090 --> 0:16:26.460 Silicon Valley sort of, you know, terminology here. But it 0:16:26.460 --> 0:16:29.400 is quite literally just like think about anything where you 0:16:29.400 --> 0:16:31.620 might be able to improve your quality of life, because 0:16:31.620 --> 0:16:35.040 that's a big part of, you know, finance and and 0:16:35.280 --> 0:16:37.170 getting more on top of your finances. If it's easy 0:16:37.170 --> 0:16:38.880 to do, you're going to be more likely to do it. 0:16:39.210 --> 0:16:41.970 So and and this is like, you know, this can 0:16:41.970 --> 0:16:44.460 be as easy as something like, you know, there's apps 0:16:44.460 --> 0:16:47.100 that make it easy to split expenses with friends, you know, 0:16:47.100 --> 0:16:50.010 or petrol spy, which we've spoken a few times about, 0:16:50.010 --> 0:16:52.170 which helps you sort of find all the cheap petrol 0:16:52.170 --> 0:16:54.570 around you. Like just little things like that. Like that's 0:16:54.570 --> 0:16:57.000 the sort of stuff that's going to make 2023 more 0:16:57.000 --> 0:17:00.570 manageable for you because it's just small and incidental but 0:17:00.570 --> 0:17:03.240 can actually make a big difference in the long run. 0:17:03.720 --> 0:17:06.240 Yeah, I never fill up the tank without checking the 0:17:06.240 --> 0:17:08.940 petrol app for in New South Wales, Fuel check is 0:17:08.940 --> 0:17:11.310 the one you want and it's just creating those new 0:17:11.609 --> 0:17:14.580 behavioural habits for yourself that you know, I'm a person 0:17:14.580 --> 0:17:17.580 who checks a petrol price out before I fill up 0:17:17.580 --> 0:17:19.890 and you know, it does require new ways of thinking, 0:17:19.890 --> 0:17:23.490 particularly if you're not across all the technology, but you know, 0:17:23.700 --> 0:17:25.649 it is well worth sort of getting a little bit 0:17:25.650 --> 0:17:28.290 uncomfortable by, you know, and another one I like now 0:17:28.290 --> 0:17:33.000 using is cashback sites like Shopback Cash Rewards. It's an 0:17:33.000 --> 0:17:35.250 extra step in your life, but one that will make 0:17:35.250 --> 0:17:37.320 it a lot better if you can get your head around. 0:17:37.619 --> 0:17:40.169 And I just use I bought like ten something that 0:17:40.170 --> 0:17:42.419 was $10 and got sort of $0.20 back on a 0:17:42.420 --> 0:17:45.150 cashback up. But it's just teaching me. It's a learning 0:17:45.150 --> 0:17:48.810 curve of to how I can get those savings and yeah, 0:17:48.869 --> 0:17:51.930 but just maybe committing to try one of those new 0:17:51.930 --> 0:17:55.410 apps or downloading, you know, the petrol price app in your, 0:17:55.410 --> 0:17:57.960 in your state is awesome. It's well worth it. 0:17:58.410 --> 0:18:00.780 Yeah. And when in doubt talk to Zuma. Talk to 0:18:00.780 --> 0:18:02.909 someone under the age of 25 because they'll have it 0:18:02.910 --> 0:18:04.110 all sorted out and no. 0:18:04.170 --> 0:18:05.490 Sooner is that. 0:18:05.820 --> 0:18:06.600 I think so. 0:18:06.630 --> 0:18:07.379 Is that a thing? 0:18:07.560 --> 0:18:09.780 Because I like I'm 26. I know I'm right on 0:18:09.780 --> 0:18:12.600 the edge of being a part of being a millennial. 0:18:12.600 --> 0:18:15.090 And I think the next generation is gen-z or zoomers. So. 0:18:15.119 --> 0:18:16.710 Oh, we're calling that Zuma. 0:18:16.910 --> 0:18:17.990 Yeah, yeah, yeah, yeah. 0:18:19.170 --> 0:18:21.629 Exactly. So talk to some it turns out under the 0:18:21.630 --> 0:18:23.659 age 25 because they will have it sorted out. They will. 0:18:24.210 --> 0:18:25.560 Cost a young person. 0:18:25.560 --> 0:18:29.730 On the side. Scuse me, young fellow. How do you 0:18:29.730 --> 0:18:31.020 do your finances? Um. 0:18:32.130 --> 0:18:34.440 Yeah, the kids, they're pretty savvy. They know what's. 0:18:34.560 --> 0:18:36.330 They know what's going on. And like, just as a 0:18:36.330 --> 0:18:38.490 final point around this off, this also extends to things 0:18:38.490 --> 0:18:41.520 like concessions and rebates, which which we talked about in 0:18:41.520 --> 0:18:42.960 the past. But there are many of them out there, 0:18:43.530 --> 0:18:47.610 and especially with the energy price sort of debacle that's 0:18:47.609 --> 0:18:50.189 going on, it looks like there will be more rebates 0:18:50.190 --> 0:18:53.310 and concessions available for people next year. So definitely keep 0:18:53.310 --> 0:18:55.440 on top of that. And I believe even in Victoria 0:18:55.440 --> 0:18:59.520 they have reintroducing the $250 energy rebate for next year 0:18:59.520 --> 0:19:01.800 as well. So that's something that Victorians look out for. 0:19:01.980 --> 0:19:05.100 And so finally, just number five to say that this 0:19:05.100 --> 0:19:09.090 is a really good time to rest and reflect and 0:19:09.090 --> 0:19:13.169 think about your goals and reset your thinking. You know, 0:19:13.230 --> 0:19:16.380 about many things, but including money. So having some sort 0:19:16.380 --> 0:19:19.380 of idea of what you want the New Year to 0:19:19.380 --> 0:19:22.379 look for for you, or it could even be as 0:19:22.380 --> 0:19:24.659 simple as sort of how do I want to feel 0:19:24.660 --> 0:19:26.970 about money in the new year or how do I 0:19:26.970 --> 0:19:30.359 currently feel at the end of this year? Probably spend 0:19:30.359 --> 0:19:32.760 a bit too much on Christmas or but just being 0:19:32.760 --> 0:19:37.170 aware of what sort of relationship you you have with money. 0:19:37.680 --> 0:19:40.859 Because I think, you know, going into 2023 is going 0:19:40.859 --> 0:19:44.459 to be a more difficult year for people financially. I 0:19:44.460 --> 0:19:48.030 think that's fair to say across the board. So having 0:19:48.030 --> 0:19:50.459 a little moment to to rest and reflect whether you 0:19:50.460 --> 0:19:53.040 actually want to set a New Year's resolution, I'm not 0:19:53.040 --> 0:19:56.490 actually not going to set a money related use resolution. 0:19:56.490 --> 0:19:58.380 I actually do them by financial year because I love 0:19:58.380 --> 0:20:01.110 to have two New Year's every year and it. 0:20:01.109 --> 0:20:02.190 Seems more appropriate to think. 0:20:02.190 --> 0:20:03.990 About money via financial years. 0:20:03.990 --> 0:20:06.620 But that's. Suggesting to do this just. 0:20:06.619 --> 0:20:06.889 Like. 0:20:08.180 --> 0:20:09.710 Your parody of yourself. Just. 0:20:09.950 --> 0:20:13.460 But I do. But these sort of turning points in 0:20:13.460 --> 0:20:16.220 the calendar year, I do love to break up time 0:20:16.220 --> 0:20:20.150 into sort of nice, easily measurable things. And I think 0:20:20.150 --> 0:20:22.880 there is a new year effect where you can sort 0:20:22.880 --> 0:20:24.770 of surf it for a little while. Maybe it doesn't 0:20:24.770 --> 0:20:27.350 last forever, but at least sort of saying, I want 0:20:27.350 --> 0:20:29.389 to have a new relationship with money. I want to 0:20:29.390 --> 0:20:33.050 feel better about money in the new Year. What's one 0:20:33.050 --> 0:20:35.210 of the one tips I heard on the podcast that 0:20:35.210 --> 0:20:37.250 I will commit to in 2023? 0:20:37.430 --> 0:20:40.550 Yeah, and I think this year a lot of people 0:20:40.550 --> 0:20:43.070 were shocked and were quite surprised by the cost of 0:20:43.070 --> 0:20:46.250 living crunch. Obviously war in Ukraine and stuff that sort 0:20:46.250 --> 0:20:48.050 of came out of nowhere and people were sort of 0:20:48.050 --> 0:20:50.150 a bit unprepared. But I think now that we're in 0:20:50.150 --> 0:20:52.280 this environment that we've been in for the past nine 0:20:52.280 --> 0:20:55.160 or so months, it makes it a little bit easier 0:20:55.160 --> 0:20:57.080 to sort of prepare for it and think about it. 0:20:57.080 --> 0:20:58.970 And I think that's what is it's a good time 0:20:58.970 --> 0:21:01.250 to do over this sort of sort of end of 0:21:01.250 --> 0:21:04.460 year break, obviously, take some time off, have a great time. 0:21:04.460 --> 0:21:07.460 You know, enjoy your time with your loved ones. Don't 0:21:07.460 --> 0:21:09.830 worry too much about money because that's what Christmas is for. 0:21:10.460 --> 0:21:12.080 But then, you know, it is also a great time 0:21:12.080 --> 0:21:15.050 to sort of think about, you know, get yourself prepared 0:21:15.050 --> 0:21:19.070 for energy bill rises, interest rate rises, all those sort 0:21:19.070 --> 0:21:21.200 of terrible things that we're not going to look forward 0:21:21.200 --> 0:21:23.270 to at all when they come through next year. But 0:21:23.270 --> 0:21:25.850 the more sort of steeled you are for the the 0:21:25.850 --> 0:21:27.379 better it will be rather than this year where it 0:21:27.380 --> 0:21:29.840 sort of came out of nowhere like a freight train. 0:21:29.840 --> 0:21:31.909 Yeah. And I think what's kind of nice about it 0:21:31.910 --> 0:21:34.609 is we're all in the same boat. It's actually yeah, 0:21:34.609 --> 0:21:37.370 it is across the board, these pressures. We're all going 0:21:37.369 --> 0:21:40.699 to be going into 2023 feeling a little bit. A 0:21:40.700 --> 0:21:42.950 little bit. I'm a little bit nervous about when my 0:21:42.950 --> 0:21:46.400 mortgage interest rate rolls off. Yeah. So just to feel 0:21:46.400 --> 0:21:48.650 like you're not alone in it. And it is, it's 0:21:48.650 --> 0:21:50.750 something that we are all going to have to pay 0:21:50.750 --> 0:21:53.210 a little bit more attention to in the new year. 0:21:53.210 --> 0:21:55.760 And yeah, I agree. Everyone have a have a great 0:21:55.760 --> 0:21:59.060 break over summer. Hopefully you can get some time off 0:21:59.660 --> 0:22:02.780 and we'll be back in 2023 to help everyone with 0:22:02.780 --> 0:22:06.139 more financial tips and strategies so you won't be alone 0:22:06.140 --> 0:22:08.240 will be will be freaking out right next to you. 0:22:08.510 --> 0:22:12.890 Exactly. And for our final listener question of the year, 0:22:13.310 --> 0:22:15.889 this one's from Zac, and it is for Jess. So 0:22:15.890 --> 0:22:18.040 I'm going to bow out of this one. But I'll, I'll, I'll, 0:22:18.890 --> 0:22:22.940 I'll posit, which is about solar panels. So Zach wants 0:22:22.940 --> 0:22:26.000 to know how you would invest evaluate solar panels as 0:22:26.000 --> 0:22:29.690 an investment. He thinks that $1,000 a year annual savings 0:22:29.690 --> 0:22:32.780 on your electricity bill on an on a $9,000 investment 0:22:32.960 --> 0:22:35.450 is a pretty good return and might be a better 0:22:35.450 --> 0:22:38.390 return than anything else you could invest in at the moment, 0:22:39.320 --> 0:22:41.990 such as equities or cash or anything along those lines. 0:22:42.050 --> 0:22:44.090 He wants to know Cassandra, He just has done the 0:22:44.090 --> 0:22:47.150 research from this. What's the cash? You know, what's the 0:22:47.150 --> 0:22:50.240 what's the bad thing here? Like, does this solar panels 0:22:50.240 --> 0:22:52.430 a good investment to make money on or not? 0:22:52.430 --> 0:22:54.919 Yeah, well, if you are in the fortunate position of 0:22:54.920 --> 0:22:58.070 sort of having nine to 10 to $11000 sitting around, 0:22:58.070 --> 0:23:00.709 this is really something for people to think about over summer. 0:23:00.920 --> 0:23:03.320 As you're switching on your air conditioning, you have to 0:23:03.320 --> 0:23:05.600 think about, you know, what sort of dollar return will 0:23:05.600 --> 0:23:08.420 you get on your money. So you've got to have 0:23:08.420 --> 0:23:10.760 that outlay. You're going to save a certain amount on 0:23:10.760 --> 0:23:13.670 your electricity bill because you know, you're getting feed in 0:23:13.670 --> 0:23:17.240 tariffs by putting money back into the grid. And you're also, 0:23:17.240 --> 0:23:18.889 you know, getting free energy from the sun when you 0:23:18.890 --> 0:23:21.560 use it. So I did do the sums on this recently. 0:23:21.560 --> 0:23:24.439 If you Google my name just so on and solar panels, 0:23:24.440 --> 0:23:28.940 you'll you'll find that. But it is saving money is great. 0:23:28.970 --> 0:23:32.000 Not spending money is a great investment in a way 0:23:32.210 --> 0:23:34.640 because if you compare that so you've dollar you know 0:23:34.640 --> 0:23:37.550 you get your you spend your $9,000, maybe you get 0:23:37.550 --> 0:23:40.510 $1,000 every year in savings on your bill, you know, 0:23:40.580 --> 0:23:43.760 and about 10 to 11% return. That's true. Maybe you 0:23:43.760 --> 0:23:46.129 think I'm going to go invest that dollar in the 0:23:46.130 --> 0:23:49.760 share market and then you'll get a percentage return. It's 0:23:49.760 --> 0:23:54.050 incredibly volatile and you have to pay tax on the earnings. 0:23:54.740 --> 0:23:57.230 So that's something to keep in mind. So and then 0:23:57.230 --> 0:24:00.170 maybe you could have the money sitting in the offset account. 0:24:00.530 --> 0:24:03.470 That is another way of just saving money because you're 0:24:03.470 --> 0:24:06.619 not going to pay as much interest on your loan 0:24:06.619 --> 0:24:10.070 because you've got the extra dollar sitting there. So that's 0:24:10.070 --> 0:24:13.670 also a great strategy, but yet finding a way where 0:24:13.670 --> 0:24:16.790 it's just going to cut your costs out of pocket 0:24:17.780 --> 0:24:21.409 in an ongoing sense. That could be a great thing 0:24:21.410 --> 0:24:24.530 for a lot of people to do. If the caveat 0:24:24.530 --> 0:24:27.080 being if you've got the $10,000 or so that's going 0:24:27.080 --> 0:24:30.060 to cost you to install the solar panels. So yeah, 0:24:30.140 --> 0:24:32.300 I think the tax it's the tax thing that really 0:24:32.300 --> 0:24:34.460 when you comparing it with alternative uses of your money 0:24:34.460 --> 0:24:37.550 and even putting money in a 4%, you know, savings account, 0:24:37.550 --> 0:24:40.729 you're going to pay tax on any earnings that you 0:24:40.730 --> 0:24:42.770 get on that. And particularly for high income earners, if 0:24:42.770 --> 0:24:45.170 you're at a higher marginal rate that starts to get 0:24:45.170 --> 0:24:48.109 you know, you get a lesser return because you're paying 0:24:48.230 --> 0:24:50.689 losing more of that on tax. So, yeah, there's nothing 0:24:50.690 --> 0:24:54.409 like a quick, you know, saving an expense. Cutting an 0:24:54.410 --> 0:24:57.560 expense is another way of investing money if it does 0:24:57.560 --> 0:25:01.609 make sense. And I think there's that is something definitely 0:25:01.609 --> 0:25:04.159 worth thinking about. And I don't think you're missing anything 0:25:04.160 --> 0:25:06.760 there that. That could just be a really good saving 0:25:06.760 --> 0:25:09.369 if people have have that sort of disposable cash around. 0:25:09.460 --> 0:25:11.490 Yeah, And it's I think it's also worth thinking about, 0:25:11.500 --> 0:25:12.639 you know, how long are you going to be in 0:25:12.640 --> 0:25:14.080 the place that you going to put the panels on? 0:25:14.410 --> 0:25:16.210 You know, I would love to have solar panels on 0:25:16.210 --> 0:25:18.520 my apartment despite the fact that I'd need to get 0:25:18.520 --> 0:25:20.679 the approval of the other 13 people that live in 0:25:20.680 --> 0:25:22.720 the block. But, you know, I'm probably only going to 0:25:22.720 --> 0:25:25.119 be there for maybe another five ish or more years 0:25:25.119 --> 0:25:27.010 sort of thing. So like, therefore, it's not worth it. 0:25:27.040 --> 0:25:28.210 So I think there's there's a lot of things to 0:25:28.210 --> 0:25:31.030 take into account. But, you know, yeah, I'd do it 0:25:31.030 --> 0:25:31.420 if I could. 0:25:31.720 --> 0:25:34.240 Yeah. Solar panel advocates do say that if you do 0:25:34.240 --> 0:25:36.669 install them, it will increase, it will increase the sale 0:25:36.670 --> 0:25:38.440 price of your home. So I'm not sure if that. 0:25:38.500 --> 0:25:39.580 Is true or not that that. 0:25:40.119 --> 0:25:43.330 Might be a bit of a line, but yeah, definitely 0:25:43.330 --> 0:25:44.260 worth investigating. 0:25:44.440 --> 0:25:48.460 And lastly, a budget tip. Just bring us bring us 0:25:48.460 --> 0:25:54.100 into the end of the year. Sleigh bells ringing, carols, caroling. Well, 0:25:54.220 --> 0:25:56.470 what is it? What's your what's your festive budget tip? 0:25:56.740 --> 0:25:59.290 Well, maybe, you know, you're at your Christmas party. You've 0:25:59.290 --> 0:26:02.080 had a wonderful time. You should definitely not drive yourself home. 0:26:02.080 --> 0:26:04.629 And I want everyone to get home safely this Christmas. 0:26:04.990 --> 0:26:08.700 One of my tips is to mix up your ride 0:26:08.710 --> 0:26:11.440 share app. So I feel like Uber has become like 0:26:11.440 --> 0:26:14.139 Google versus I'm going to Uber, you know, I'm going 0:26:14.140 --> 0:26:16.689 to Google something and you've you've forgotten that there's actually 0:26:16.690 --> 0:26:20.109 competitors to Uber. So I actually use Didi for the 0:26:20.109 --> 0:26:22.780 first time in the last couple of months. And there's 0:26:22.780 --> 0:26:26.560 also Ola and Lyft l y left. You know, they're 0:26:26.560 --> 0:26:29.020 not in every single area of Australia, but it's well 0:26:29.020 --> 0:26:32.050 worth having a Google. And just it's another one of 0:26:32.050 --> 0:26:34.300 those habitual things, you know, you think, I've got to 0:26:34.300 --> 0:26:37.840 get myself home, I'll just get an Uber. Remember that 0:26:37.840 --> 0:26:42.520 there are competitors and if you Google Didi and $20 0:26:42.520 --> 0:26:45.790 voucher or even just a voucher, I guarantee you will 0:26:45.790 --> 0:26:48.010 get to a website where you can get at least 0:26:48.010 --> 0:26:50.560 $20 off your first drive, which might get you home 0:26:50.560 --> 0:26:54.520 from your Christmas party this year. So yeah, don't forget 0:26:54.520 --> 0:26:57.850 to shop around on absolutely everything, including Rideshares. 0:26:58.000 --> 0:27:01.090 And here's my supplementary budget tip, which is don't forget 0:27:01.090 --> 0:27:03.580 about taxis. I go to taxi the other day because 0:27:03.580 --> 0:27:05.649 sometimes you go into you go going to Uber or 0:27:05.650 --> 0:27:07.930 your Didi or whatever, and it's surging and it's like, 0:27:07.930 --> 0:27:10.659 you know, $80 to get you home or something ridiculous. 0:27:10.869 --> 0:27:12.850 But you can stand on the street and hail a cab. 0:27:12.850 --> 0:27:14.620 That's still something you can do in like the middle 0:27:14.619 --> 0:27:16.720 of the city or something, you know, similar to that. 0:27:18.070 --> 0:27:20.859 And it's usually cheaper. And they can't surge price. 0:27:20.859 --> 0:27:22.030 They do night time. 0:27:22.030 --> 0:27:24.730 So they do they do that. But like, it'll be 0:27:24.730 --> 0:27:29.050 like a flat thing. And, you know, often they're pretty, 0:27:29.230 --> 0:27:31.420 pretty good experience. But, you know, there is the caveat 0:27:31.420 --> 0:27:35.200 that the taxis can sometimes be a little bit dodgy. But, 0:27:35.230 --> 0:27:38.230 you know, we want we want, you know, domain domain not. 0:27:38.230 --> 0:27:40.300 To be just place. It is. It is. It is. 0:27:40.300 --> 0:27:40.750 I think this is. 0:27:40.750 --> 0:27:43.330 A good time to call it taxi. This is the 0:27:43.330 --> 0:27:44.109 end of the episode. 0:27:44.800 --> 0:27:47.440 It I'm hailing the end of the episode. 0:27:48.100 --> 0:27:50.980 The Christmas party is over. I hope everyone does have 0:27:50.980 --> 0:27:53.290 a great break. And as as we say, look out 0:27:53.290 --> 0:27:57.070 for our summer series of our greatest hits. Still hitting 0:27:57.070 --> 0:27:59.710 your podcast players while we're on hiatus. 0:27:59.710 --> 0:28:02.530 Yes. And we'll be back in the first week of February. 0:28:03.430 --> 0:28:06.460 Hopefully we'll have some juicy new tips. Well, no, not 0:28:06.460 --> 0:28:08.770 hopefully we will have some juicy new tips and there'll 0:28:08.770 --> 0:28:10.899 be all sorts of things going on that we'll be 0:28:10.900 --> 0:28:13.060 able to talk about for for the new year. So 0:28:13.060 --> 0:28:15.910 I hope everyone has a lovely break and we'll see 0:28:15.910 --> 0:28:16.420 you next year. 0:28:16.450 --> 0:28:17.260 See you next year. 0:28:21.020 --> 0:28:22.940 This episode of It All Adds Up was produced by 0:28:22.940 --> 0:28:26.359 Julia Carl KASELL. The information discussed is general in nature 0:28:26.359 --> 0:28:29.180 and does not take into account your personal financial situation, 0:28:29.180 --> 0:28:32.480 goals or objectives. You should always do your own research well, 0:28:32.480 --> 0:28:36.500 get professional advice before making any major financial decisions. If 0:28:36.500 --> 0:28:38.940 you like today's episode, hit follow a new podcast app. 0:28:38.990 --> 0:28:41.180 Leave a review and recommend it to all your friends. 0:28:41.450 --> 0:28:44.030 You can also submit your listener questions in text or 0:28:44.030 --> 0:28:47.810 audio form, and it all adds up at 9:00 pm today. 0:28:48.650 --> 0:28:49.340 Thanks for listening.