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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your

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Speaker 1: the Order KERNI Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 4: Hello, and welcome to She's on the Money. The podcas

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Speaker 4: past millennials who want financial freedom. Welcome back to another

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Speaker 4: shot back money Diary Monday, where we get to chat

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Speaker 4: to one of our beautiful community members to learn all

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Speaker 4: about them, their money, and all of the juicy details

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Speaker 4: in between. Today Victoria Hello, Hello, Let's jump straight in

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Speaker 4: our diarist says I had a family young and unplanned

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Speaker 4: and have a lot of guilt built into my money story,

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Speaker 4: which I am working through. My partner and I are

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Speaker 4: now both thirty with two young children. And I made

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Speaker 4: the decision to sacrifice my military nursing career for my family.

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Speaker 4: Oh wow, I'm trying to find balance between rebuilding a

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Speaker 4: career family and savings for the first home while supporting

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Speaker 4: my military spouse, which means no family support and long

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Speaker 4: periods of time solo parenting.

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Speaker 2: I love that I'm excited to learn more.

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Speaker 5: I hate that she's got guilt though, Money Dorist, welcome

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Speaker 5: to the show.

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Speaker 6: Hello, thank you. I'm so excited.

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Speaker 5: Oh you're excited, and you're excited. I can't wait to

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Speaker 5: get into it. So how about we just kick it

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Speaker 5: right off? Sounds good, all right, money Doris. Let's start

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Speaker 5: the way that we always do. Can you tell us

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Speaker 5: a little bit about your money story?

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Speaker 3: Sure?

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Speaker 6: Okay. So growing up I had a very good life.

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Speaker 6: I guess we didn't live extravagantly, but I never really

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Speaker 6: went without so private school, overseas, holidays, I did every

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Speaker 6: sport that I ever wanted, and I was always very

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Speaker 6: supported by my family. Everything changed a little bit when

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Speaker 6: I left home. So I left home at seventeen and

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Speaker 6: went and started studying full time. My family moved overseas,

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Speaker 6: so I was on my own, living out of home.

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Speaker 6: The first time, and I really started to struggle to

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Speaker 6: balance that full time study with supporting myself. I guess

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Speaker 6: with Nursey, if you know much about a nursing degree,

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Speaker 6: you have long periods of like weeks at a time

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Speaker 6: where you do full time unpaid placements. So that was

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Speaker 6: really difficult to try and work and get money on

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Speaker 6: top of all that unpaid work and study. So I

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Speaker 6: never really had enough. I would say I lived paycheck

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Speaker 6: to almost paycheck and just sort of would struggle through

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Speaker 6: the second half of the week or the second week

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Speaker 6: of my sort of pay cycle. All my friends, I felt,

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Speaker 6: were in different circumstances to me, So I guess at

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Speaker 6: that young age, a lot of people were still living

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Speaker 6: at home with their families and had a lot more

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Speaker 6: I guess financial support. However, at the time you don't

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Speaker 6: really know that. So I was always trying to live

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Speaker 6: in the same way that I think they were, But

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Speaker 6: I just had a lot more expenses, I guess, and

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Speaker 6: I developed a lot of anxiety around my money through

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Speaker 6: those years. I leaned into more of a head in

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Speaker 6: the sand approach, so like, my bills would come and

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Speaker 6: I just knew I didn't have the money, so I

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Speaker 6: would just ignore them, which doesn't work.

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Speaker 2: Spoiler alert.

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Speaker 6: Yeah, I don't recommend that approach.

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Speaker 2: Oh my gosh.

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Speaker 6: Yeah, in those days of putting like five dollars in

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Speaker 6: your car, I remember paying once and the guy at

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Speaker 6: the counter said it's like, oh, you can get these

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Speaker 6: two chocolate bars for three dollars, And I was like,

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Speaker 6: you've just seen me put five dollars petrol in my car.

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Speaker 2: The chocolate bars read the room, guy read the room.

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Speaker 6: Yeah, totally. So yeah. I always also felt like I

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Speaker 6: was receiving a lot of judgment from the people in

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Speaker 6: my life at the time. It may not have been

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Speaker 6: the case. Maybe it's just how I felt. I always

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Speaker 6: felt that I was getting judged that I couldn't manage

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Speaker 6: my own money, that I didn't have the ability to

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Speaker 6: manage my money, and I think I sort of carried

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Speaker 6: that through to adulthood quite a lot. I still now.

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Speaker 6: I've sort of tried to come full circle, but I

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Speaker 6: still can't, Like, every time I pay my groceries, I

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Speaker 6: can't not check my bank account, even though I know

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Speaker 6: it's okay and there's money there. You just have that

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Speaker 6: anxiety anytime you have to pay for something. Still, it's a.

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Speaker 5: Good habit to be in, to always be on top

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Speaker 5: of what you're spending.

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Speaker 6: Yeah. Yeah, I guess like, in hindsight, I'm proud that

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Speaker 6: I never get stuck in sort of the cycles of

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Speaker 6: credit card or personal debt or anything, which was definitely

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Speaker 6: something that I considered at the time. I considered dropping

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Speaker 6: out of my study completely or cutting back my subjects,

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Speaker 6: but I never did. I just wanted to push through.

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Speaker 6: I was like, this is just a moment of your life.

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Speaker 6: If you can just get through it, everything will get easier.

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Speaker 6: At the end of my degree, my family moved back

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Speaker 6: from overseas, so I was able to move back home

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Speaker 6: and sort of breathe a little bit more.

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Speaker 5: Good timing family, not you could have done that much

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Speaker 5: earlier to make things easier, But I mean, that's a

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Speaker 5: life lesson, isn't it.

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Speaker 6: Look I could have gone with them, but I think

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Speaker 6: when you're sort of seventeen eighteen, you think you're an

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Speaker 6: adult and you can do it all on your own.

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Speaker 6: In hindsight, I was just so young when I met

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Speaker 6: my partner. Neither of us had not you in the

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Speaker 6: way of savings, and I don't think we felt like

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Speaker 6: we really needed to because we both had decent incomes

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Speaker 6: and no real responsibilities, if that makes sense, so we

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Speaker 6: could get by pretty comfortably. Everything changed a lot and

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Speaker 6: we started to sort of get our shit together when

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Speaker 6: we found out we were pregnant with the first of

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Speaker 6: our two kids. So we've gotten a lot better with

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Speaker 6: goal setting and savings and things since them.

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Speaker 5: That's so sweet, though, all right, I want to know

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Speaker 5: next question is what do you currently do for work

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Speaker 5: and how much do you earn?

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Speaker 6: So I am a registered nurse. I currently have a

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Speaker 6: couple of jobs because I've found it quite hard to

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Speaker 6: balance motherhood and obviously a lot of normal nursing jobs

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Speaker 6: involve shift work, which my partner, as you mentioned at

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Speaker 6: the start, is in the military, so we don't have

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Speaker 6: the option to live near family support, so I'm sort

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Speaker 6: of limited to working within daycare hours, and he can

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Speaker 6: go away quite a bit as well, so I don't

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Speaker 6: always even have him at home to help with that

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Speaker 6: shift work. So when we met, we were both full

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Speaker 6: time in defense and I was a nurse in the military,

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Speaker 6: and that's when we started our family, and we sort

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Speaker 6: of had to make the decision to prioritize one person's

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Speaker 6: career as a nurse. I had a lot more options

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Speaker 6: outside of defense than he did, so we made that decision.

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Speaker 6: So at the moment, I work as a reservist in

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Speaker 6: the military still, so I work from home two days

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Speaker 6: a week doing that, which I absolutely love. I also

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Speaker 6: teach baby and child first aid courses to parents.

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Speaker 2: Oh cool.

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Speaker 6: Yeah, I work casually as a registered nurse in my

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Speaker 6: local hospital, sort of when my partner's home a bit more.

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Speaker 2: Ah, I love that.

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Speaker 5: I feel like that's quite eclectic, but all makes sense

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Speaker 5: given the role that you've got. Like, I feel like

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Speaker 5: you've cutcast all the things that make sense to you

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Speaker 5: and your lifestyle. And I love that you've done that,

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Speaker 5: because so many people would be like, ah, too hard,

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Speaker 5: I just won't do it, or I'll just do something else.

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Speaker 2: Like I love this so much.

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Speaker 6: Yeah, it sounds chaotic, but it's the calmest I've sort

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Speaker 6: of felt in the balance, if that makes sense. So

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Speaker 6: if he goes away, for instance, and I don't have

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Speaker 6: the support, I can just do less. But we also

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Speaker 6: have the option of getting like one of our moms

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Speaker 6: can fly down for a week or two weeks. I

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Speaker 6: can smash out a lot more work and then take

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Speaker 6: a couple of weeks off, so the flexibility works.

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Speaker 5: Well, all right, I want to be pervy though your partner,

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Speaker 5: you said, goes away for work, I want to know

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Speaker 5: how much they earn and where they work to be

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Speaker 5: away for so long.

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Speaker 6: So could be anywhere He's in come sits at around

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Speaker 6: one hundred and fifty k a year at the moment.

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Speaker 2: Very nice, worth the travel, then.

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Speaker 6: Where the travel? Obviously, when if he is away, we

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Speaker 6: have the potential to earn a lot more than that.

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Speaker 6: So I think the way that it works out eightyf

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Speaker 6: When we deploy overseas, it depends on where you're going,

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Speaker 6: how long you're going. But the money you earn when

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Speaker 6: you're deployed is tax free, so obviously that's where we

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Speaker 6: can earn a lot more when he is away. In

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Speaker 6: addition to that, so my income as a reservist, it's

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Speaker 6: also tax free. So it's a bit hard to calculate

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Speaker 6: my annual salary because I don't pay tax on a

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Speaker 6: large portion.

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Speaker 2: Of one a lot of it.

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Speaker 6: Yeah, So week to week, like an average I guess week,

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Speaker 6: I think I earn about one thousand dollars a week

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Speaker 6: after tax, but I have the option to add more

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Speaker 6: ships on top of that, if I've got the.

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Speaker 5: Help, yeah, of course, And how much cash comes in

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Speaker 5: from your partner each week.

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Speaker 6: So he's only recently got quite a significant pay increase,

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Speaker 6: so we're learning the hard way the tax that comes

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Speaker 6: with that.

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Speaker 2: Ah, yes, yeah, So we.

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Speaker 6: Also have so in the ADF. So we live in

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Speaker 6: a defense house, so our housing gets taken out before

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Speaker 6: we get paid, so the housing comes out first. And

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Speaker 6: we've also got a salary sacrifice car so that comes

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Speaker 6: out as well, and we get about I think fortnightly.

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Speaker 6: It's about three and a half to four k ish

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Speaker 6: after those deductions are taken out, and that's after his

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Speaker 6: super as well, and he contributes extra into that too.

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Speaker 2: Epic.

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Speaker 5: So at about twelve grand a month post tax, not bad,

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Speaker 5: not too shabby.

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Speaker 2: Gives you a lot of opportunity.

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Speaker 6: Absolutely, yes.

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Speaker 5: I love adding it up and being like, oh, so

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Speaker 5: this is what it is per month and you're like,

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Speaker 5: I don't know where that money's gone. I don't know

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Speaker 5: how that works, which leads into our next question. I

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Speaker 5: do apologize for slamming you with that and then asking

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Speaker 5: I wouldn't know what are your big money goals. I

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Speaker 5: feel like people in your situations often have this massive

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Speaker 5: cash flow, but the thing that's not taken into consideration

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Speaker 5: is the amount of childcare that's needed and the amount

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Speaker 5: of money that actually flows into different areas to support

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Speaker 5: your life. I think so many people are like, oh

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Speaker 5: my gosh, if you work in defense, you actually end

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Speaker 5: up in a circumstance where you get you know.

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Speaker 2: Free housing and this and that.

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Speaker 5: It's just not the case, like cash no flitters away

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Speaker 5: so easily. But I want to know, what are your

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Speaker 5: big money goals? What are we working towards.

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Speaker 6: Yeah, totally so our number one big money goal at

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Speaker 6: the moment is we would love to buy a house.

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Speaker 6: It's a little bit complicated because, like you just mentioned,

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Speaker 6: I guess a lot of people look at defense and

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Speaker 6: there's a misconception that we don't pay tax. Firstly, which

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Speaker 6: we absolutely do. As a reservist, it's a bit different,

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Speaker 6: and when you're deployed it's a bit different because they're

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Speaker 6: not in Australia. But day to day, like Guarantee, we

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Speaker 6: do pay tax. We do pay for housing, although we

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Speaker 6: get a pretty good deal. But the thing is we

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Speaker 6: don't get any say in where we live or how

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Speaker 6: long we're potentially in that location for so we would

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Speaker 6: love to buy a home to living with our family,

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Speaker 6: but unfortunately the area that we live at the moment

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Speaker 6: that without giving away our exact location, that I think that, oh,

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Speaker 6: you don't have to tell us that it changes a

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Speaker 6: lot totally. The house price is about I think it's

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Speaker 6: one point four million dollars in the area that we

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Speaker 6: live at the moment, so is not an option for us.

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Speaker 6: So we're looking at investments perhaps, But then obviously we

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Speaker 6: would then miss out on first homeowners grants and things

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Speaker 6: like that, and all in the defense subsidies as well.

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Speaker 6: So there's some subsidies to get into the housing market

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Speaker 6: for defense people that we would also miss out on

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Speaker 6: if we buy an investment property. So it's sort of

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Speaker 6: like a rock and a hard place.

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Speaker 2: You need to talk to a financial advisor, my friend.

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Speaker 5: I mean, I'm biased, but a lot of my defense

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Speaker 5: clients historically have always rent, invested, and purchased. Even though

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Speaker 5: you might not get the subsidies for first home buyer

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Speaker 5: because you can't move straight into it, because that's a

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Speaker 5: little bit tricky, there are a lot of other subsidies

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Speaker 5: that might be available to you. So it'd either talk

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Speaker 5: to a mortgage brow or I would have a chat

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Speaker 5: with a financial advisor, because I feel like so many

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Speaker 5: times you're trying to work it out yourself, and an

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Speaker 5: advisor or a broker might be like, all right, money

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Speaker 5: diros and the ease your options you go.

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Speaker 2: I wish someone had made it this clear five years ago.

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Speaker 6: No, you're You're absolutely right, we do. We do have

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Speaker 6: to and like you said, the revesting. So we live

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Speaker 6: in like a beautiful suburb at the moment, we're in

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Speaker 6: the catchment for some amazing schools, and we couldn't afford

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Speaker 6: to buy here. So when we started looking at areas

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Speaker 6: we could buy sort of close ish by, we were

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Speaker 6: then comparing the schools and our lifestyle and you know,

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Speaker 6: any friends that we have to help out with the kids,

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Speaker 6: we would lose all of that. So yeah, it's weighing

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Speaker 6: all of that up.

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Speaker 2: It sounds like such a hard place to be in.

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Speaker 5: And I'm saying that, I guess because I'm overlaying my

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Speaker 5: own personal experience because I'm such a homebody like Jess

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Speaker 5: and I have just been traveling for work a little

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Speaker 5: bit recently, and we've just gotten home and I'm like,

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Speaker 5: oh my gosh, I'm so grateful to be home. I'm

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Speaker 5: grateful to be surrounded by you know, my family and

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Speaker 5: my friends. Again, how you know, obviously this is not

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Speaker 5: a question that I should be asking now based on

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Speaker 5: how Jess is looking at me, But how do you

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Speaker 5: deal with moving around? Because it's obviously not up to

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Speaker 5: you when you move and how you.

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Speaker 6: Do that, to be honest, So my dad was actually

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Speaker 6: in the military as well, and so was my partner's dad,

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Speaker 6: So for us, it's very normal. I think, like I

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Speaker 6: honestly couldn't tell you how many houses or states or

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Speaker 6: cities I've lived in I've moved. I think the longest

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Speaker 6: as an adult, the longest I think we've spent in

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Speaker 6: one place, like one house, is two years. I think

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Speaker 6: the longest in my life is maybe three or four

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Speaker 6: years in one house.

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Speaker 5: So you'd be really good at maricondoing. Everything was getting

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Speaker 5: rid of stuff as you move.

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Speaker 2: I love this. Maybe I should do this.

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Speaker 6: My partner hates it. He's like stuff reorganizing everything you

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Speaker 6: sort of have to make home is definitely the people,

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Speaker 6: and you know, I try things so like our kids'

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Speaker 6: rooms were pretty good at the temporary things that can

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Speaker 6: make it there still, so they've got like the you know,

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Speaker 6: removable wallstickers. We to a new house and they've got

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Speaker 6: all their things. It still feels like theirs. Yeah, pre

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Speaker 6: covid I used to say it was no problem Australia,

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Speaker 6: like everyone's just a flight away if you need them.

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Speaker 6: But we obviously felt those border closures pretty hard. Yeah,

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Speaker 6: but you also become very closer. We have our defense

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Speaker 6: family as well, So generally every city that we've lived

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Speaker 6: in we've got some really good friends that we've known

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Speaker 6: for a long time as well, and they're all in

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Speaker 6: the same situation.

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Speaker 2: So yeah, air pick all.

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Speaker 5: Right back to the structured questions before I get myself

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Speaker 5: in trouble. I want to know do you currently have

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Speaker 5: any investments?

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Speaker 6: So we do. Our Number one would be our supers,

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Speaker 6: which is something that we're both pretty proud of. It's

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Speaker 6: something both of us have consciously put extra towards since

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Speaker 6: we both started work. I can't claim all the credit

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Speaker 6: because my dad was huge on educating me around this

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Speaker 6: from the time I got my first job, and to

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Speaker 6: be honest, love Yeah, to be honest, my extra contributions

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Speaker 6: were more just getting him off my back than me

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Speaker 6: being financial say.

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Speaker 2: Hey, whatever it takes. Honestly, I'm proud of him.

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Speaker 6: Yeah, yeah, yeah, say, looking back, it's something I'm so

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Speaker 6: grateful for because, especially now that I'm on the other

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Speaker 6: side of a pretty big career break and I'm not

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Speaker 6: working or earning nearly as much as I was before kids,

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Speaker 6: it's something I'm really grateful that I did early in

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Speaker 6: my career because I'm seeing the benefits of that already.

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Speaker 6: So I checked mine. My last statement from like July

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Speaker 6: was I'm sitting at about two one hundred and ten. Okay,

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Speaker 6: in my defense. My gosh, what I've got two supers,

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Speaker 6: I should say, which I know is normally frowned upon.

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Speaker 6: But I've got my military super Yeah. So that's at

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Speaker 6: about two hundred and ten, and I've now got a

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Speaker 6: self managed super fund for my post defense work, which

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Speaker 6: my dad also helps me manage. And I've got about

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Speaker 6: five thousand dollars in that.

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Speaker 2: Oh my gosh, all right, money dires spild the beans.

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Speaker 2: How old are you?

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Speaker 6: I have just turned thirty.

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Speaker 5: So you've just turned thirty and you've got more than

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Speaker 5: two hundred grand in super when the average account balance

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Speaker 5: for someone who is thirty is forty two thousand dollars,

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Speaker 5: sit down and you're worried about your financial circumstances. I

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Speaker 5: think a lot of people are listening to this, going

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Speaker 5: like money direct.

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Speaker 6: When I look at his, it puts mine to shame,

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Speaker 6: does it?

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Speaker 2: Yeah?

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Speaker 6: It does. I'm not great with the full ins and

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Speaker 6: outs of gender pay gap, and I could be on

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Speaker 6: the total wrong like wavelength here, but when we first met,

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Speaker 6: our superbalances were pretty similar. We're with the same superfund,

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Speaker 6: and then obviously I took a step back to have

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Speaker 6: kids and we prioritized his career and his is well

354
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Speaker 6: in the three hundred thousands.

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Speaker 1: Yeah.

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Speaker 2: Nice.

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Speaker 6: So it's interesting watching that sort of takeoff. So yeah,

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Speaker 6: we've got our supers, and we've also we started getting

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Speaker 6: into shares a couple of years ago, probably two years ago,

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Speaker 6: and so I think we've got about twenty thousand dollars

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Speaker 6: in shares. And I've also over the last sort of

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Speaker 6: six to twelve months started dabbling in micro investing as well.

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Speaker 6: So I have a raise account that I've got just

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Speaker 6: a small amount that I don't notice going into, and

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Speaker 6: then I've also got my roundups. So it's interesting like

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Speaker 6: sit and forget, and then I have a look and

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Speaker 6: I'm like, oh my god, I didn't even notice that

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Speaker 6: coming out.

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Speaker 5: So yeah, that's one of my favorite things about automation

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Speaker 5: is when it's all automated, you just really don't notice it,

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Speaker 5: Whereas when things aren't automated, I feel like money just leaves.

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Speaker 5: I know that I should be as a financial advisor the area,

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Speaker 5: aware of how all of this works, but I still

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Speaker 5: believe that money just slips through my fingers like sand

375
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Speaker 5: does at the beach sometimes, and if there's no plan,

376
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Speaker 5: it just disappears.

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Speaker 2: I swear it just is magic, and especially.

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Speaker 6: The roundups, like I love that because I've forgotten that

379
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Speaker 6: I've turned it on, and then when you actually go

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Speaker 6: through and look at it all, I'm just like, I

381
00:17:47,160 --> 00:17:50,679
Speaker 6: would have just spent it, you know, if I had it. Yeah, exit,

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Speaker 6: I don't notice it. So that's our investing. We're also

383
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Speaker 6: at the moment a majority of our savings is going

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Speaker 6: towards our house deposit, and we're actually we're getting married

385
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Speaker 6: in less than a month, so our savings is also.

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Speaker 2: Girlfriend that sort of.

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Speaker 5: We can talk about wedding planning later. We'll come back

388
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Speaker 5: to that. I want to know next question, do you

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Speaker 5: have any debts. If so, what are they?

390
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Speaker 6: So we don't have any personal debts, thankfully, we don't

391
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Speaker 6: have a car loan, but our family car is salary

392
00:18:20,040 --> 00:18:22,840
Speaker 6: packaged in my partner's name, so we do have payments

393
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Speaker 6: that come out fortnitly for that. But it's also like

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Speaker 6: a tax thing for him. I think, yeah, cool. I

395
00:18:28,440 --> 00:18:31,000
Speaker 6: do have my hex step, which is about twenty six

396
00:18:31,119 --> 00:18:34,359
Speaker 6: thousand dollars, which feels big because I've done a master's

397
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Speaker 6: degree and a bachelor's degree, so that's not cheap. But

398
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Speaker 6: I have been chipping away at it.

399
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Speaker 5: Epic all right. Next question, my friend an oldie bit

400
00:18:43,880 --> 00:18:46,960
Speaker 5: of goodie. Do you use shop back when you shop online?

401
00:18:47,480 --> 00:18:51,560
Speaker 6: So I have an account. I do look now and then,

402
00:18:52,000 --> 00:18:54,040
Speaker 6: and every time I do, you know what I need

403
00:18:54,119 --> 00:18:56,360
Speaker 6: to do? And every time I listen to these episodes,

404
00:18:56,400 --> 00:18:58,879
Speaker 6: I'm like, I need to work out what this extension is.

405
00:18:59,359 --> 00:19:01,160
Speaker 2: Oh yeah, the chrome plugging.

406
00:19:01,359 --> 00:19:03,440
Speaker 6: Look, that's my homework for this week is to work

407
00:19:03,440 --> 00:19:05,639
Speaker 6: that out. Because every time I think of it, I

408
00:19:05,720 --> 00:19:08,439
Speaker 6: go have a look. The specific thing I want I

409
00:19:08,520 --> 00:19:11,160
Speaker 6: can't get, but I know that there's so many little

410
00:19:11,200 --> 00:19:14,080
Speaker 6: hacks that I hear everyone else doing. So I feel

411
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Speaker 6: like if I do that automation. Automation seems to be

412
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Speaker 6: the key for me. So first step is the account.

413
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Speaker 3: Yeah.

414
00:19:20,000 --> 00:19:22,560
Speaker 5: Look, I feel like automation is the key for me too,

415
00:19:22,720 --> 00:19:25,080
Speaker 5: and I'm halfway there. I'm obviously obsessed with a shot

416
00:19:25,160 --> 00:19:27,320
Speaker 5: back and have been for years, but I always found

417
00:19:27,359 --> 00:19:29,119
Speaker 5: it to be a hurdle to use the app on

418
00:19:29,160 --> 00:19:31,520
Speaker 5: my phone. I'd always be like, Okay, well, I'm a

419
00:19:31,520 --> 00:19:34,439
Speaker 5: bit lazy. Sometimes I just not use it, knowing that

420
00:19:34,480 --> 00:19:35,720
Speaker 5: I should have used it, and be like.

421
00:19:35,680 --> 00:19:36,840
Speaker 2: Oh, it's fine.

422
00:19:37,200 --> 00:19:39,800
Speaker 5: Now that I have that extension, I can't not use

423
00:19:39,800 --> 00:19:41,359
Speaker 5: it because I just hit the button and it adds

424
00:19:41,359 --> 00:19:42,440
Speaker 5: it and it's a money you win.

425
00:19:42,720 --> 00:19:44,800
Speaker 2: So I'll send you the link later, don't worry.

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Speaker 6: Yes please. It's similar to like when I think about

427
00:19:47,680 --> 00:19:50,200
Speaker 6: my roundups, Like you'll look at one thing and I'm like, oh,

428
00:19:50,359 --> 00:19:53,800
Speaker 6: five dollars cash back whatever, But then when everything adds up,

429
00:19:54,880 --> 00:19:56,280
Speaker 6: that's finished exactly.

430
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Speaker 2: From little things, big things grow, my friend.

431
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Speaker 5: Yeah, alright, I want to know, obviously shot back is

432
00:20:02,520 --> 00:20:05,040
Speaker 5: not your best money habit yet, what do you think

433
00:20:05,080 --> 00:20:06,320
Speaker 5: your best money habit is?

434
00:20:06,400 --> 00:20:06,720
Speaker 2: Though?

435
00:20:06,880 --> 00:20:09,680
Speaker 6: All right, So look, I think I'm a bit of

436
00:20:09,720 --> 00:20:12,920
Speaker 6: a boss on the old Facebook Marketplace. Love that, Yes,

437
00:20:13,000 --> 00:20:16,720
Speaker 6: I love it so woman After Jessica Riach's hot. A

438
00:20:16,760 --> 00:20:18,840
Speaker 6: lot of our house is Facebook Marketplace, and I'm not

439
00:20:18,840 --> 00:20:21,359
Speaker 6: shy about it. So if anyone comes in and compliments anything,

440
00:20:21,440 --> 00:20:23,159
Speaker 6: I will tell you where I got it from and

441
00:20:23,200 --> 00:20:24,960
Speaker 6: how much it was if it was a bargain.

442
00:20:25,040 --> 00:20:27,120
Speaker 2: Ten out of ten. Love that energy.

443
00:20:27,520 --> 00:20:29,080
Speaker 6: So I feel like I'm a bit of a dinast.

444
00:20:29,080 --> 00:20:31,760
Speaker 6: I don't have TikTok, but I feel like instead of

445
00:20:31,800 --> 00:20:35,360
Speaker 6: scrolling things like TikTok, I'm literally just scrolling Facebook Marketplace.

446
00:20:36,160 --> 00:20:39,040
Speaker 5: I mean that's good and bad. I mean good because

447
00:20:39,080 --> 00:20:41,720
Speaker 5: you're probably looking for a bargain. Bad because maybe you're

448
00:20:41,760 --> 00:20:44,720
Speaker 5: getting bargains when you didn't need to be getting bargains. Yes,

449
00:20:44,840 --> 00:20:47,440
Speaker 5: that's all right, that's all good. I want to know, though,

450
00:20:47,720 --> 00:20:50,080
Speaker 5: is that your worst money habit or what is your

451
00:20:50,160 --> 00:20:50,960
Speaker 5: worst money habit?

452
00:20:51,080 --> 00:20:53,000
Speaker 6: I think to be honest, so when I do my

453
00:20:53,080 --> 00:20:55,840
Speaker 6: scrolling on I don't actually buy too much. I'm very

454
00:20:55,880 --> 00:20:59,760
Speaker 6: considered when I spend, which is also I think possibly

455
00:20:59,800 --> 00:21:02,840
Speaker 6: a bad thing. So that's what I think my worst

456
00:21:02,840 --> 00:21:04,600
Speaker 6: money have it is I've got a lot of anxiety

457
00:21:04,640 --> 00:21:07,680
Speaker 6: around money that I am trying to shift, like I said,

458
00:21:07,720 --> 00:21:11,639
Speaker 6: I get I can't spend large amounts or even sometimes

459
00:21:11,680 --> 00:21:14,800
Speaker 6: small amounts of money without feeling that anxiety and needing

460
00:21:14,840 --> 00:21:16,520
Speaker 6: to check through my bank account and make sure it's

461
00:21:16,560 --> 00:21:19,199
Speaker 6: all okay, even when I know it's budgeted for. And

462
00:21:19,240 --> 00:21:21,159
Speaker 6: I think along with that is that head in the

463
00:21:21,240 --> 00:21:24,600
Speaker 6: sand approach, which I still sometimes get or I feel

464
00:21:24,600 --> 00:21:27,320
Speaker 6: it creeping in even though I know I don't have to.

465
00:21:27,520 --> 00:21:29,760
Speaker 6: So like we'll get a bill and I'll get it

466
00:21:29,800 --> 00:21:32,480
Speaker 6: and I'll panic even though I know it was coming

467
00:21:32,880 --> 00:21:34,760
Speaker 6: and I know I'm good for it, and I'll just

468
00:21:34,760 --> 00:21:37,080
Speaker 6: not want to pay it just in case I need

469
00:21:37,080 --> 00:21:40,680
Speaker 6: that money. But yeah, even when I've put the budgeting

470
00:21:40,720 --> 00:21:43,399
Speaker 6: in place, it's really hard to shift that.

471
00:21:43,800 --> 00:21:46,000
Speaker 2: Yeah, okay, So my partner's pretty good.

472
00:21:46,000 --> 00:21:48,080
Speaker 6: He's always like, pay them the day they come, pay

473
00:21:48,080 --> 00:21:50,800
Speaker 6: them the day they come. But it's just if you.

474
00:21:50,720 --> 00:21:54,400
Speaker 5: Have any anxiety around it. Oh, I want to ask

475
00:21:54,440 --> 00:21:57,800
Speaker 5: more about that later. Last question before we go to

476
00:21:57,840 --> 00:22:00,280
Speaker 5: a really quick break, what grade would you give your

477
00:22:00,280 --> 00:22:02,320
Speaker 5: money habits? So if we forced you to give yourself

478
00:22:02,320 --> 00:22:03,040
Speaker 5: a grade.

479
00:22:02,960 --> 00:22:06,520
Speaker 6: I think i'd want to say maybe be minus. I

480
00:22:06,520 --> 00:22:08,800
Speaker 6: think as a family, we've made some really good changes

481
00:22:08,840 --> 00:22:11,159
Speaker 6: the last sort of four and a half years, and

482
00:22:11,200 --> 00:22:13,800
Speaker 6: we've achieved a lot of goals that we've set out

483
00:22:13,840 --> 00:22:15,320
Speaker 6: for ourselves. But I think I've got a lot of

484
00:22:15,359 --> 00:22:16,520
Speaker 6: improvements to make as well.

485
00:22:17,080 --> 00:22:19,080
Speaker 5: All Right, well let's go to a quick break and

486
00:22:19,200 --> 00:22:21,040
Speaker 5: after that, I want to know a little bit more

487
00:22:21,040 --> 00:22:28,520
Speaker 5: about your money anxiety. Don't go anywhere, guys, all right,

488
00:22:28,640 --> 00:22:32,119
Speaker 5: diving straight back in, Jessica usually bring this in, but

489
00:22:32,240 --> 00:22:35,439
Speaker 5: I'm really excited to ask some questions about money anxiety.

490
00:22:35,760 --> 00:22:36,600
Speaker 2: Money diarist.

491
00:22:36,840 --> 00:22:39,920
Speaker 5: You mentioned before when we're talking about bills, you were like, oh,

492
00:22:40,000 --> 00:22:41,960
Speaker 5: sometimes they come in and I knew they were coming in,

493
00:22:42,359 --> 00:22:45,280
Speaker 5: and I still get really anxious about them, even though

494
00:22:45,359 --> 00:22:47,880
Speaker 5: we heard earlier your partner's got like three hundred grand

495
00:22:47,920 --> 00:22:50,200
Speaker 5: in super you've got two hundred grand. Like, clearly you're

496
00:22:50,240 --> 00:22:53,480
Speaker 5: not doing badly. Where does this come from? And why

497
00:22:53,520 --> 00:22:55,479
Speaker 5: do you think this is happening? Because I feel like

498
00:22:55,560 --> 00:22:58,040
Speaker 5: that's a really relatable piece of your money story that

499
00:22:58,119 --> 00:23:00,400
Speaker 5: even I was like, oh, I still get a bit

500
00:23:00,480 --> 00:23:03,120
Speaker 5: like that sometimes and I can't really explain it.

501
00:23:03,520 --> 00:23:06,040
Speaker 6: Yeah, I think, to be honest, I had a great

502
00:23:06,119 --> 00:23:09,080
Speaker 6: upbringing and I had a lot of good habits instilled

503
00:23:09,119 --> 00:23:11,600
Speaker 6: in me, but I think I was also possibly quite

504
00:23:11,600 --> 00:23:15,880
Speaker 6: sheltered when it comes to a lot of real life managing,

505
00:23:16,040 --> 00:23:19,000
Speaker 6: like managing your real life. So I think I was

506
00:23:19,359 --> 00:23:22,080
Speaker 6: almost blindsided quite a bit when I left home at

507
00:23:22,080 --> 00:23:24,480
Speaker 6: a young age and I had all of those expenses

508
00:23:24,640 --> 00:23:29,359
Speaker 6: hit me and I genuinely couldn't pay them. So I

509
00:23:29,520 --> 00:23:31,800
Speaker 6: was sort of I'd get bills and I would just

510
00:23:31,840 --> 00:23:34,440
Speaker 6: have that anxiety because I didn't have the money to

511
00:23:34,520 --> 00:23:38,280
Speaker 6: pay it. My bank account was like I'd have ten

512
00:23:38,320 --> 00:23:39,760
Speaker 6: dollars in my bank account and I'd have a one

513
00:23:39,840 --> 00:23:42,879
Speaker 6: hundred and dollar electricity bill, and I was sort of like, well,

514
00:23:42,880 --> 00:23:44,480
Speaker 6: there's nothing I can do about it, so I have

515
00:23:44,560 --> 00:23:47,600
Speaker 6: to ignore it until I get paid again. Yeah, then

516
00:23:47,640 --> 00:23:50,479
Speaker 6: you'd get you know, your gas bill would come in

517
00:23:50,520 --> 00:23:52,880
Speaker 6: and suddenly I've got two bills now and I can

518
00:23:52,880 --> 00:23:55,399
Speaker 6: only afford to pay for one. So you'd sort of

519
00:23:55,600 --> 00:23:59,480
Speaker 6: just have to I would just manage what was going

520
00:23:59,520 --> 00:24:02,440
Speaker 6: to be worse. Yeah, they're going to kind of my electricity. Cool,

521
00:24:02,480 --> 00:24:04,240
Speaker 6: I'll pay that phone gets cut off.

522
00:24:04,280 --> 00:24:04,480
Speaker 1: You know.

523
00:24:04,600 --> 00:24:06,439
Speaker 6: It was just sort of like a bit of a

524
00:24:06,480 --> 00:24:10,879
Speaker 6: cycle of that, and it's really hard to shake it.

525
00:24:11,880 --> 00:24:14,280
Speaker 6: I know, I've actually learned a lot from the podcast,

526
00:24:14,640 --> 00:24:19,400
Speaker 6: And the thing that helps me the best is budgeting

527
00:24:19,520 --> 00:24:21,840
Speaker 6: and going through my expenses and looking at it all

528
00:24:21,960 --> 00:24:25,280
Speaker 6: because generally what I think in my head is like

529
00:24:25,320 --> 00:24:30,920
Speaker 6: the problem never usually is, so going through things makes

530
00:24:30,960 --> 00:24:34,080
Speaker 6: me feel a lot calmer. I also like to have

531
00:24:34,240 --> 00:24:37,280
Speaker 6: different accounts for things because then that removes a lot

532
00:24:37,280 --> 00:24:39,640
Speaker 6: of the guilt. So my partner and I have our

533
00:24:39,720 --> 00:24:43,159
Speaker 6: own personal spendings accounts and we've got an allocated amount

534
00:24:43,160 --> 00:24:44,679
Speaker 6: in those, so that if I do want to get

535
00:24:44,720 --> 00:24:46,920
Speaker 6: a coffee, I should be able to do that guilt

536
00:24:46,960 --> 00:24:49,320
Speaker 6: free because it's already been budgeted for. And then we've

537
00:24:49,359 --> 00:24:52,280
Speaker 6: got our bills account. Yeah, so that really helps, a

538
00:24:52,280 --> 00:24:54,959
Speaker 6: lot of the feelings are still there, though, so I

539
00:24:55,040 --> 00:24:57,960
Speaker 6: just have to consciously. I try and tell myself, you know,

540
00:24:58,760 --> 00:25:01,679
Speaker 6: you say things like money flows naturally to me, and

541
00:25:02,119 --> 00:25:04,560
Speaker 6: I try to remind myself that we've put a lot

542
00:25:04,600 --> 00:25:07,680
Speaker 6: of hard work in. Once again, it can be difficult

543
00:25:08,280 --> 00:25:11,960
Speaker 6: because we had kids quite young. For I guess what's

544
00:25:12,200 --> 00:25:13,880
Speaker 6: the average age nowadays?

545
00:25:14,200 --> 00:25:16,480
Speaker 4: How old were you exactly when you had your first one?

546
00:25:16,560 --> 00:25:18,359
Speaker 6: So when I fell pregnant with my son, I was

547
00:25:18,400 --> 00:25:22,280
Speaker 6: twenty four, so obviously a lot of our friends weren't

548
00:25:22,280 --> 00:25:26,040
Speaker 6: in that same space. So a lot of our friends have,

549
00:25:26,320 --> 00:25:28,600
Speaker 6: you know, like the dual income, no kids, and are

550
00:25:28,640 --> 00:25:30,560
Speaker 6: all buying their homes and you sort of look at

551
00:25:30,600 --> 00:25:32,200
Speaker 6: it and you're like, oh, we're like a step behind.

552
00:25:32,720 --> 00:25:35,080
Speaker 6: But you've got to reframe it a bit because I'm like,

553
00:25:35,160 --> 00:25:39,240
Speaker 6: We've already started raising a family, and I've already taken

554
00:25:39,280 --> 00:25:42,680
Speaker 6: that career break and we're starting to build up again.

555
00:25:42,800 --> 00:25:46,840
Speaker 6: So yeah, that comparison sort of brings those feelings back

556
00:25:46,840 --> 00:25:47,280
Speaker 6: in again.

557
00:25:47,359 --> 00:25:50,040
Speaker 5: Yeah. Absolutely, I can see where you're coming from at

558
00:25:50,040 --> 00:25:53,240
Speaker 5: the same time as wanting to jump through this screen

559
00:25:53,320 --> 00:25:57,360
Speaker 5: and absolutely shake you, like I love you dearly, I promise,

560
00:25:57,760 --> 00:26:00,720
Speaker 5: But knowing how well off you are, your cash flow

561
00:26:00,760 --> 00:26:03,680
Speaker 5: looks really good. You're not in any serious debt at all.

562
00:26:03,720 --> 00:26:05,960
Speaker 5: All you've got is your hex and you know this

563
00:26:06,119 --> 00:26:08,840
Speaker 5: novated lease and then you've got really great super like

564
00:26:08,880 --> 00:26:10,520
Speaker 5: you are a million.

565
00:26:10,200 --> 00:26:12,080
Speaker 2: Times ahead of so many people.

566
00:26:12,440 --> 00:26:15,720
Speaker 5: But it's interesting talking about this because even though I

567
00:26:15,800 --> 00:26:18,280
Speaker 5: say that really pragmatically, you're like, yeah, okay, but that

568
00:26:18,320 --> 00:26:19,919
Speaker 5: doesn't mean that we are where we want to be

569
00:26:20,119 --> 00:26:22,320
Speaker 5: or where we thought we would be at this age.

570
00:26:22,320 --> 00:26:26,200
Speaker 5: So it doesn't you know, change the circumstances. You said

571
00:26:26,200 --> 00:26:29,240
Speaker 5: something earlier when we're talking about super. You said, I

572
00:26:29,240 --> 00:26:31,400
Speaker 5: don't know much about the gender pay gap, but when

573
00:26:31,480 --> 00:26:34,480
Speaker 5: my partner and I got together, our supers were really similar.

574
00:26:35,280 --> 00:26:39,000
Speaker 5: How have you navigated that conversation with your partner about

575
00:26:39,000 --> 00:26:42,359
Speaker 5: superannuation and how it works, because it is a really

576
00:26:42,359 --> 00:26:45,760
Speaker 5: big conversation regardless of whether you've got thirty thousand dollars

577
00:26:45,800 --> 00:26:47,560
Speaker 5: in super or as your partner.

578
00:26:47,240 --> 00:26:48,399
Speaker 2: Does, three hundred grand.

579
00:26:48,560 --> 00:26:51,320
Speaker 5: So what does that look like in your relationship and

580
00:26:51,359 --> 00:26:54,760
Speaker 5: why do you think that this is so different nowadays,

581
00:26:54,920 --> 00:26:56,840
Speaker 5: even though you've taken some time off.

582
00:26:57,160 --> 00:26:59,879
Speaker 6: Yeah, I think there's one thing so, not even just so,

583
00:27:00,320 --> 00:27:04,920
Speaker 6: but our finances in general, a big decision that we made.

584
00:27:05,119 --> 00:27:08,000
Speaker 6: So we hadn't been together all that long when I

585
00:27:08,000 --> 00:27:10,840
Speaker 6: felt pregnant with our son. We wanted to do it together.

586
00:27:11,200 --> 00:27:13,159
Speaker 6: We wanted to enter it as you know, that stage

587
00:27:13,160 --> 00:27:15,560
Speaker 6: in our life as a unit, as a family, and

588
00:27:16,240 --> 00:27:20,240
Speaker 6: I was staring down the barrel of my once again,

589
00:27:20,400 --> 00:27:23,560
Speaker 6: very privileged to have the maternity package that I had,

590
00:27:23,640 --> 00:27:25,880
Speaker 6: so I was full time defense when both our kids

591
00:27:25,880 --> 00:27:28,440
Speaker 6: were born. I took my maternity leave at half pay

592
00:27:28,560 --> 00:27:31,800
Speaker 6: and got close to twelve months of paid leave, but

593
00:27:31,880 --> 00:27:32,800
Speaker 6: it was at half paid.

594
00:27:32,840 --> 00:27:33,800
Speaker 2: That's so good.

595
00:27:34,160 --> 00:27:37,440
Speaker 6: Yeah, yeah, very lucky. So I had that, but still

596
00:27:37,600 --> 00:27:40,080
Speaker 6: for your salary to be cut in half is quite

597
00:27:40,080 --> 00:27:42,680
Speaker 6: a scary thing to be facing. And at that time

598
00:27:42,680 --> 00:27:45,800
Speaker 6: we had separate accounts still, so we had a conversation

599
00:27:45,920 --> 00:27:48,719
Speaker 6: and our money was pulled at that time, but it

600
00:27:48,760 --> 00:27:51,320
Speaker 6: was still paid into separate accounts that we didn't have

601
00:27:51,359 --> 00:27:54,120
Speaker 6: access to each other's money. We made that decision that

602
00:27:54,160 --> 00:27:57,360
Speaker 6: if I was taking that step back from work, then

603
00:27:57,480 --> 00:28:00,359
Speaker 6: our money was pulled, especially if he was going to

604
00:28:00,359 --> 00:28:03,320
Speaker 6: be going away and I potentially couldn't contact him. I

605
00:28:03,359 --> 00:28:05,400
Speaker 6: didn't want to not be able to access a large

606
00:28:05,440 --> 00:28:07,919
Speaker 6: portion of our families income. Yeah, of course, so we

607
00:28:07,960 --> 00:28:11,479
Speaker 6: look at all of our income as a joint asset.

608
00:28:11,800 --> 00:28:14,280
Speaker 6: So everything is shit. I did put a little bit

609
00:28:14,320 --> 00:28:17,400
Speaker 6: extra into my super my first lot of maternity leave,

610
00:28:17,480 --> 00:28:19,440
Speaker 6: so we saved up some money and I could put

611
00:28:19,480 --> 00:28:22,520
Speaker 6: that in as a lump sum. But essentially everything is

612
00:28:23,640 --> 00:28:28,080
Speaker 6: pulled fast. He understands that he couldn't have his career

613
00:28:28,119 --> 00:28:30,840
Speaker 6: how it is now with his kids if it wasn't

614
00:28:30,880 --> 00:28:33,080
Speaker 6: for me or another female that would take my spot.

615
00:28:33,119 --> 00:28:39,760
Speaker 7: But put that mentality straight in the Bin, he wouldn't

616
00:28:39,840 --> 00:28:42,800
Speaker 7: have everything he has now if I hadn't made the

617
00:28:42,800 --> 00:28:43,920
Speaker 7: sacrifices that I have.

618
00:28:44,680 --> 00:28:47,240
Speaker 6: In saying that as well, I wouldn't have the life

619
00:28:47,240 --> 00:28:49,080
Speaker 6: that I have now with my family if it wasn't

620
00:28:49,080 --> 00:28:50,960
Speaker 6: for how hard he works fast as well.

621
00:28:51,040 --> 00:28:54,040
Speaker 5: Yeah, because you're a team, Like, there's nobody else involved

622
00:28:54,080 --> 00:28:56,360
Speaker 5: in that. Some other women you're going to I can't,

623
00:28:56,480 --> 00:28:57,960
Speaker 5: I can't, you're carolling me.

624
00:28:58,360 --> 00:28:59,320
Speaker 2: It's a team effort.

625
00:28:59,400 --> 00:28:59,600
Speaker 1: Right.

626
00:29:00,280 --> 00:29:03,440
Speaker 5: Going back to Super, how have you navigated that conversation?

627
00:29:03,800 --> 00:29:07,000
Speaker 5: Is he contributing to your super so it's equal or

628
00:29:07,080 --> 00:29:08,680
Speaker 5: is this something to be like, oh wow, I haven't

629
00:29:08,720 --> 00:29:10,760
Speaker 5: really brought that up, or I just want to know

630
00:29:10,880 --> 00:29:13,360
Speaker 5: what do those conversations internally look like.

631
00:29:13,840 --> 00:29:16,520
Speaker 6: So we have had conversations. So when we got our

632
00:29:16,840 --> 00:29:19,960
Speaker 6: did our tax return this year, he had jumped up

633
00:29:20,480 --> 00:29:23,880
Speaker 6: a quiet a break of a bracket. Yeah, so we

634
00:29:23,960 --> 00:29:28,120
Speaker 6: really saw that tax hit us. So we started talking

635
00:29:28,160 --> 00:29:30,520
Speaker 6: about ways that he could bring down his taxable income.

636
00:29:30,680 --> 00:29:32,880
Speaker 6: And the first thing we thought of was contributing extra

637
00:29:32,920 --> 00:29:35,760
Speaker 6: into Super. And I was like, well, what about contributing

638
00:29:35,760 --> 00:29:37,280
Speaker 6: into my super instead of yours?

639
00:29:37,400 --> 00:29:37,600
Speaker 1: Yes?

640
00:29:37,640 --> 00:29:38,120
Speaker 2: Please sir.

641
00:29:38,600 --> 00:29:41,520
Speaker 6: Yeah, So we did talk about it, except because in

642
00:29:41,800 --> 00:29:44,400
Speaker 6: my income was a certain amount, we couldn't take his

643
00:29:45,040 --> 00:29:47,680
Speaker 6: pay and contribute it to mine. So that wasn't an

644
00:29:47,720 --> 00:29:50,960
Speaker 6: option because I don't get SUPER taken out of my

645
00:29:51,040 --> 00:29:56,880
Speaker 6: reserves pay. We take a certain portion and contribute that separately.

646
00:29:57,320 --> 00:29:59,320
Speaker 6: But like I said, all of our pay is we

647
00:29:59,400 --> 00:30:02,840
Speaker 6: consider it pulled anyway. So he's just going to look

648
00:30:02,880 --> 00:30:04,200
Speaker 6: after me when he's older.

649
00:30:04,800 --> 00:30:07,560
Speaker 5: So the conversation you're having with us right now is

650
00:30:07,600 --> 00:30:10,600
Speaker 5: really free flowing. So I say that because you're like, yep,

651
00:30:10,640 --> 00:30:13,600
Speaker 5: we just chatted about it. Whereas for a lot of couples,

652
00:30:13,640 --> 00:30:15,800
Speaker 5: bringing up should we put money? Am I super or

653
00:30:15,840 --> 00:30:18,640
Speaker 5: your super is actually a really big pain point because

654
00:30:18,640 --> 00:30:22,040
Speaker 5: people feel really awkward. Have you always been really open

655
00:30:22,080 --> 00:30:25,120
Speaker 5: and honest with your partner about money conversations or is

656
00:30:25,160 --> 00:30:27,600
Speaker 5: this something that you've worked towards. I know a few

657
00:30:27,600 --> 00:30:29,240
Speaker 5: people listening are going to be like, oh my gosh,

658
00:30:29,320 --> 00:30:31,800
Speaker 5: she just said that to her partner. How have those

659
00:30:31,840 --> 00:30:35,360
Speaker 5: conversations evolved in your relationship to become, you know, as

660
00:30:35,400 --> 00:30:37,800
Speaker 5: easy and free flowing as they seem to be right now.

661
00:30:38,320 --> 00:30:40,640
Speaker 6: It's not something that was natural for me. I think

662
00:30:40,640 --> 00:30:44,600
Speaker 6: it's something that either we've worked on or It's something

663
00:30:44,640 --> 00:30:48,440
Speaker 6: that's natural for us as two people, because I've certainly

664
00:30:48,480 --> 00:30:51,320
Speaker 6: had relationships in the past where I've felt a lot

665
00:30:51,360 --> 00:30:55,240
Speaker 6: of guilt around money and those partners, and I've felt

666
00:30:55,240 --> 00:30:58,040
Speaker 6: like I had to hide or I've felt like I

667
00:30:58,080 --> 00:31:02,080
Speaker 6: shouldn't be spending money on myself because they've made comments

668
00:31:02,120 --> 00:31:04,800
Speaker 6: about my spending habits and things like that, even when

669
00:31:05,160 --> 00:31:09,240
Speaker 6: I don't think that they were that bad. He's very like,

670
00:31:09,320 --> 00:31:11,760
Speaker 6: I remember before we had our kids and so we

671
00:31:11,800 --> 00:31:16,240
Speaker 6: had a lot less responsibility. His tagline was we worked

672
00:31:16,240 --> 00:31:20,680
Speaker 6: too hard to not x YZN. So he's probably not

673
00:31:20,760 --> 00:31:23,320
Speaker 6: quite as free with that now, but he's very If

674
00:31:23,360 --> 00:31:26,280
Speaker 6: I say something means a lot to me, he's like, cool,

675
00:31:26,320 --> 00:31:29,040
Speaker 6: let's do it like He's very open with it. And

676
00:31:29,120 --> 00:31:33,280
Speaker 6: he definitely doesn't see money as he's in mine because

677
00:31:33,320 --> 00:31:36,520
Speaker 6: he can see the sacrifices that I've made in my career,

678
00:31:37,200 --> 00:31:40,360
Speaker 6: like the job that I joined the military for. I

679
00:31:40,400 --> 00:31:43,840
Speaker 6: can't do if I was following and supporting his career,

680
00:31:43,920 --> 00:31:47,719
Speaker 6: so he can totally see that. Yeah, I've had issues

681
00:31:47,720 --> 00:31:50,040
Speaker 6: like it in the past with other people, but I

682
00:31:50,080 --> 00:31:52,280
Speaker 6: think it must be a him, and I think I

683
00:31:52,320 --> 00:31:57,600
Speaker 6: remember when I was pregnant the first time, and I

684
00:31:57,680 --> 00:32:00,480
Speaker 6: was really really nervous about it and about money. But

685
00:32:00,560 --> 00:32:03,640
Speaker 6: as soon as we had that real first initial conversation

686
00:32:03,680 --> 00:32:06,920
Speaker 6: about it and opened everything up, everything has flowed pretty

687
00:32:06,920 --> 00:32:07,520
Speaker 6: well from then.

688
00:32:07,680 --> 00:32:10,960
Speaker 5: I love that do the conversations that flow so easily

689
00:32:11,000 --> 00:32:14,200
Speaker 5: between you and your partner also flow into the conversations

690
00:32:14,200 --> 00:32:15,760
Speaker 5: you have around money with your children.

691
00:32:16,920 --> 00:32:19,480
Speaker 6: So it's yeah, it's interesting you say that when you

692
00:32:19,520 --> 00:32:21,680
Speaker 6: talk about money stories. Alo I hear people talk about

693
00:32:21,680 --> 00:32:25,240
Speaker 6: money stories and their own money stories. I'm very conscious

694
00:32:25,280 --> 00:32:27,960
Speaker 6: of the fact that we're writing theirs as well now,

695
00:32:28,440 --> 00:32:31,000
Speaker 6: So sometimes you sort of catch yourself kids and the

696
00:32:31,040 --> 00:32:33,120
Speaker 6: age that our kids are at the moment. They're at

697
00:32:33,160 --> 00:32:35,720
Speaker 6: that age where they just hear things and they hold

698
00:32:35,760 --> 00:32:40,560
Speaker 6: onto things. So we've started implementing like savings, because I

699
00:32:41,600 --> 00:32:44,280
Speaker 6: wouldn't want to ever say things like we can't have that,

700
00:32:44,320 --> 00:32:46,000
Speaker 6: we can't afford that, you know, when they ask for

701
00:32:46,040 --> 00:32:49,840
Speaker 6: toys every five seconds about the shops. Yeah, I also

702
00:32:50,000 --> 00:32:52,440
Speaker 6: don't want them to just be given everything that they

703
00:32:52,600 --> 00:32:57,200
Speaker 6: asked for. So we've started pocket money. We've started the

704
00:32:57,280 --> 00:33:00,280
Speaker 6: idea of saving for something. They're not quite at the

705
00:33:00,320 --> 00:33:04,400
Speaker 6: age yet where they can fully comprehend I need to

706
00:33:04,440 --> 00:33:06,840
Speaker 6: save exactly twenty dollars and so that's going to take

707
00:33:06,880 --> 00:33:09,640
Speaker 6: me exactly ten weeks. Like they can't quite do that yet.

708
00:33:10,000 --> 00:33:12,800
Speaker 6: It's more that feeling of I want that, Okay, well

709
00:33:12,800 --> 00:33:14,600
Speaker 6: you can have it, we have to save up for it.

710
00:33:15,000 --> 00:33:18,800
Speaker 6: Sometimes they get some boosters from us if we want

711
00:33:18,840 --> 00:33:19,520
Speaker 6: them to get there.

712
00:33:19,440 --> 00:33:22,000
Speaker 2: Sooner, if you really want them to achieve that goal sooner.

713
00:33:22,080 --> 00:33:24,760
Speaker 6: Yeah, yeah, yeah, they've got short attention stands as well.

714
00:33:24,800 --> 00:33:27,160
Speaker 6: And I also don't want to hear about that toy

715
00:33:27,240 --> 00:33:27,760
Speaker 6: every day.

716
00:33:28,400 --> 00:33:31,360
Speaker 2: Next you're like, I'm over at you whin.

717
00:33:31,560 --> 00:33:33,080
Speaker 6: Yeah, yeah, yeah, you can have it. I don't care

718
00:33:33,080 --> 00:33:35,520
Speaker 6: that much. We do try and be really conscious about

719
00:33:35,520 --> 00:33:38,760
Speaker 6: the language we use with them, because I wouldn't want

720
00:33:38,760 --> 00:33:42,560
Speaker 6: them to grow up sheltered and not understanding that you

721
00:33:42,680 --> 00:33:45,160
Speaker 6: have to work hard to be able to pay for things.

722
00:33:45,160 --> 00:33:47,760
Speaker 6: But I also don't want them to feel guilty if

723
00:33:47,760 --> 00:33:48,960
Speaker 6: they do want something nice.

724
00:33:49,280 --> 00:33:50,520
Speaker 2: Yeah, of course, of course.

725
00:33:50,640 --> 00:33:52,680
Speaker 5: I love that approach to it, where you're like, look,

726
00:33:52,680 --> 00:33:55,680
Speaker 5: we're trying, but it's just what works best for our family,

727
00:33:55,840 --> 00:33:57,880
Speaker 5: and we can be flexible with it. And I'm sure

728
00:33:57,880 --> 00:34:00,600
Speaker 5: you are writing beautiful money stories for your kids.

729
00:34:00,640 --> 00:34:02,120
Speaker 2: I literally love.

730
00:34:02,000 --> 00:34:05,800
Speaker 5: Hearing about it all right, money Diarist, Unfortunately, I think

731
00:34:05,840 --> 00:34:07,720
Speaker 5: that's all we have time for today. I feel like

732
00:34:07,760 --> 00:34:10,960
Speaker 5: I've learned so much about you and your story, and

733
00:34:11,160 --> 00:34:13,440
Speaker 5: that doesn't matter how much you earn or what your

734
00:34:13,480 --> 00:34:16,439
Speaker 5: family is going through. You still have an underlying sense

735
00:34:16,480 --> 00:34:19,359
Speaker 5: of money anxiety, if that's how you grew up around it.

736
00:34:19,480 --> 00:34:21,880
Speaker 5: But I think you are writing beautiful money stories for

737
00:34:21,960 --> 00:34:24,600
Speaker 5: your children. So thank you so much for sharing that

738
00:34:24,640 --> 00:34:25,080
Speaker 5: with us.

739
00:34:25,400 --> 00:34:27,839
Speaker 6: Thank you so much. It's such a pleasure to come.

740
00:34:28,080 --> 00:34:30,480
Speaker 6: And I can't wait to use my new chromeus what

741
00:34:30,560 --> 00:34:34,360
Speaker 6: is it? Chrome cast chrome extension, Yes, dinosaur.

742
00:34:35,680 --> 00:34:37,880
Speaker 5: Honestly, I'll send it to you because it took me

743
00:34:38,000 --> 00:34:39,840
Speaker 5: ages to work it out, and then I realized it

744
00:34:39,840 --> 00:34:40,720
Speaker 5: took two seconds.

745
00:34:40,760 --> 00:34:42,080
Speaker 2: So I've got you, I promise.

746
00:34:42,680 --> 00:34:44,920
Speaker 5: But with that, Jesse GOTRICHI can you please wrap the

747
00:34:44,920 --> 00:34:46,120
Speaker 5: boring but important stuff.

748
00:34:46,160 --> 00:34:48,560
Speaker 4: Of course, don't get guys. The advice shed on She's

749
00:34:48,600 --> 00:34:50,720
Speaker 4: on the money is generally nature and does not consider

750
00:34:50,760 --> 00:34:54,040
Speaker 4: your individual circumstances. She's on the money exist purely for

751
00:34:54,200 --> 00:34:56,600
Speaker 4: educational purposes and should not be relied upon to make

752
00:34:56,600 --> 00:34:59,920
Speaker 4: an investment or a financial decision. And we promise, Victoria

753
00:35:00,120 --> 00:35:02,680
Speaker 4: bye and Cheese on the Money are authorized representatives of

754
00:35:02,760 --> 00:35:06,400
Speaker 4: Infocused Securities Australia Proprietary Limited, A b N four seven

755
00:35:06,440 --> 00:35:08,759
Speaker 4: oh nine seven seven nine seven O fort nine a

756
00:35:08,960 --> 00:35:10,799
Speaker 4: F s L two three six five two three

757
00:35:10,920 --> 00:35:14,320
Speaker 5: See one Wednesday, Guy bye