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

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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. She's on the Money, She's on

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Speaker 2: the Money. Hello, and welcome to She's on the Money,

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Speaker 2: Need the podcast for millennials who want financial freedom. Today

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Speaker 2: is Friday, my friends, which means it is time to

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Speaker 2: get our little team together and celebrate you our incredible

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Speaker 2: She's on the Money community Today, Miss Jessicaraci hi over

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Speaker 2: there is going to be sharing our favorite money wins

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Speaker 2: and we as a team are going to answer a

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Speaker 2: juicy money dilemma that you've got, which this week is

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Speaker 2: all about budgeting to be paid monthly, which I feel

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Speaker 2: is a really big pain point for a lot of

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Speaker 2: people in our community, and we are going to be

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Speaker 2: unpacking something that you guys slid into our DMS about

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Speaker 2: which this week is all about what to do when

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Speaker 2: your friends aren't accepting your financial goals a little bit spicy.

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Speaker 2: But first, let's recap the week that was. Beck, How

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Speaker 2: are you?

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Speaker 3: How's your week been pretty done good? I would have

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Speaker 3: to say it's pretty good, isn't it. Yeah, it's been

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Speaker 3: really really good. Actually it's my last week in my

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Speaker 3: old role, big dog energy, and I just feel like,

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Speaker 3: you know, when you mentally check out, but in like

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Speaker 3: the best way possible.

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Speaker 2: God, this is happening on Friday, so I don't know.

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Speaker 2: They don't know if you've been mentally check out. What

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Speaker 2: are they going to do? You don't work there anymore.

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Speaker 4: Some time they hear this, so it's too late.

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Speaker 2: Do they even listen? Like, who knows?

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Speaker 4: They probably don't listen exactly exist.

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Speaker 2: They do they do? That's where they were so salty

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Speaker 2: at me.

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Speaker 4: Oh okay, that makes it.

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Speaker 2: Yeah, Jess, how was your week? What have you been

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Speaker 2: up to? You know, just touring around the country?

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Speaker 4: Oh okay, yeah, just norm big stuff like that.

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Speaker 2: No, biggie, just touring the country. Where have we been

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Speaker 2: this week?

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Speaker 5: So we had our international within state events in Melbourne

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Speaker 5: and then also in Sydney today, which has been phenomenal.

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Speaker 5: Sydney was our last city for the month. We did

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Speaker 5: four this year. Best feeling in the world.

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Speaker 2: Absolutely walked. I mean, we probably should tell some people

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Speaker 2: that we're telling Porky is when we say today because

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Speaker 2: we recorded it the day before, because right now I'm

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Speaker 2: probably on stage. And if you didn't get tickets to

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Speaker 2: the She's on the Money event and you're listening to

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Speaker 2: the podcast at like you know, eight or nine am

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Speaker 2: on a Friday morning, you'll be like, one of these things,

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Speaker 2: doesn't the moth coexists a mathe't math in mathe Mathin.

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Speaker 2: But we haven't done Sydney yet. I'm currently doing Sydney

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Speaker 2: as this episode is dropping. But Melbourne was lit.

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Speaker 4: Hometown, Like you just know that's going to be good.

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Speaker 2: You just knew it was going to be good. Like

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Speaker 2: my sister came ten out of ten.

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Speaker 5: Friends and family are there one of our biggest cities

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Speaker 5: as well, which is awesome.

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Speaker 2: There was more than five hundred people that came on Wednesday,

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Speaker 2: which blows my mind. Like I didn't even know that

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Speaker 2: we'd have a community of more than five hundred people.

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Speaker 2: I remember when I started the Facebook group which preceded

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Speaker 2: the podcast, right, and it used to just be this

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Speaker 2: little Facebook group that I started because I did workshops

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Speaker 2: called Sheese on the Money and I wanted everybody who

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Speaker 2: came to my workshop to join my Facebook group so

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Speaker 2: we could continue talking about money and soubrenuation and just

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Speaker 2: all this sexy stuff, right, And I remember tipping over

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Speaker 2: one hundred and I was like, guys, well, this is great.

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Speaker 2: I've made it. No, But I was just like, there

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Speaker 2: are a hundred people that want to talk about money.

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Speaker 2: And I mean I still, you know, maybe commented on

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Speaker 2: a few too many posts myself. I'm like, oh wow,

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Speaker 2: this is great information. But to think that we have

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Speaker 2: grown not only to more than two hundred and fifty

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Speaker 2: thousand people in that Facebook group now, which blows my mind,

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Speaker 2: But we had five hundred people in one room at

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Speaker 2: one time.

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Speaker 4: Which is it?

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Speaker 2: When you see Shares on the Money, like that's incomprehensible

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Speaker 2: to me. Still, Like I walk away feeling you know,

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Speaker 2: when you like disconnect a little bit from a situation

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Speaker 2: because it just doesn't feel real and you're like trying

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Speaker 2: so hard to absorb it, but you're also just still

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Speaker 2: so I guess in awe, Yeah, that was me on Wednesday.

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Speaker 2: That was me on Wednesday, and I'm still kind of

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Speaker 2: trying to process it. I love it, I adore it,

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Speaker 2: but it is so funny. But for those of you

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Speaker 2: who haven't gone to the show today, let's move on.

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Speaker 2: Jessic GOTRICI, I want to know what community money wins

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Speaker 2: have you got to share with us this week?

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Speaker 5: All right, well, I'm actually gonna start with the money

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Speaker 5: loss from Sophie. She said she went to the pub

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Speaker 5: last week with her friend and she just wanted a

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Speaker 5: soda water and the total for two of them was

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Speaker 5: a nine dollars sixty No one was.

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Speaker 2: For soda water. That should no, that should be free.

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Speaker 5: It should be it should be really up charging for

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Speaker 5: those bubbles, aren't they.

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Speaker 2: And it's like never bottled either at the pub. It's

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Speaker 2: always like the post mix and you know that that's

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Speaker 2: just tap water coming through the post mix to make

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Speaker 2: me bubbly water, Like, guys give water for free nine

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Speaker 2: dollars no, no, no.

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Speaker 4: Too much.

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Speaker 3: I was charged eleven dollars one what wait wait twelve

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Speaker 3: dollars twelve dollars, not.

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Speaker 4: Playing with it six dollars six dollars per so to water.

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Speaker 2: How much was the wine?

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Speaker 3: I feel like the wine was like seven dollars, Like

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Speaker 3: I really shouldn't. Might as well just gonna wine, just

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Speaker 3: started drinking.

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Speaker 2: You know what I would have done. I would have

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Speaker 2: bought the wine and then taken my empty wine glass

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Speaker 2: to the bathroom and got my own water from the tap.

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Speaker 5: Potentially a health loss. I might just like dig it

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Speaker 5: out of the toilet next time.

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Speaker 4: That might be better.

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Speaker 2: Is that bad? Like at home? Do you guys like

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Speaker 2: drink water from the tap? Absolutely? What's wrong with the

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Speaker 2: tap of the pub?

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Speaker 5: I just think you don't know who's touched the physical

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Speaker 5: tap and what.

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Speaker 4: Putting my mouth around the tap jests.

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Speaker 5: But you can something about it.

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Speaker 4: But you know what, that's fine.

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Speaker 5: That's the money win potentially for Sophie at the pub

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Speaker 5: next week.

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Speaker 2: That's it. I do remember one time I was in

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Speaker 2: Tasmania at my grandparents' house and they were on tank water.

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Speaker 2: I remember one time we're all complaining that the water

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Speaker 2: tasted rank. We're like, oh, there's something wrong with the water,

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Speaker 2: and my grandparents were like just drink it. It's fine.

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Speaker 2: It's rain water like it's healthy. It's the best water

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Speaker 2: in the world. It's Tasmanian. We found it dead. Possibly

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Speaker 2: I'm still alive. It's fine right now, Move on, Move on, Jess,

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Speaker 2: What have you got? Next?

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Speaker 5: Money even comes from Emma, who said money when I

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Speaker 5: was ordering from a company and their shipping policy said

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Speaker 5: free shipping after you spent a certain amount. However, it

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Speaker 5: wasn't coming off at the checkout. Turns out they had

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Speaker 5: updated it, but forgot to update the policy on the website,

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Speaker 5: and so I wrote them and I got a discount

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Speaker 5: code to still receive free shipping.

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Speaker 2: Oh how cool.

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Speaker 5: Follow up when things aren't working, make sure you get

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Speaker 5: that discount. My next money wind comes from Bailey Jean,

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Speaker 5: who said I applied for a job late last year

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Speaker 5: but wasn't successful until a few weeks ago when HR

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Speaker 5: called offering me the same role. Yeah, my contract and

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Speaker 5: I'm earning twenty k more than I was earning most

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Speaker 5: time last year.

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Speaker 2: I feel like that is Bechtor energy. Like so many

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Speaker 2: times will get rejected for a role and we just

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Speaker 2: take it personally and go, oh my gosh, like they

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Speaker 2: must have hated me. Or I could never do that,

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Speaker 2: like why did I do it? When stuff like this happens,

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Speaker 2: like usually during the hiring process, it's so pragmatic. They

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Speaker 2: might go, all right, I'm hiring Beck and Jess have

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Speaker 2: applied for this role. Beck's got this much experience. Jess

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Speaker 2: has got this much experience. Loved Beck, loved Jess. Jess

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Speaker 2: has more experience. Tick that box. It's usually got nothing

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Speaker 2: to do with you personally, but rather the business at

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Speaker 2: the time needs to pick the candidate who has the

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Speaker 2: most things that tick boxes right, because obviously they're trying

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Speaker 2: to feel a roll and get a job done and rammatically,

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Speaker 2: if someone has more experience, they might be better at it. Yeah,

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Speaker 2: but if you're ever in that situation and you're feeling

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Speaker 2: a bit flat, go back and say, oh my gosh,

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Speaker 2: thank you so much for letting me know. Can you

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Speaker 2: give me a little bit of feedback so next time

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Speaker 2: when I apply for this role, I'm more experienced or

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Speaker 2: have the right criteria like what could I meet? And

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Speaker 2: that might put you one in a better position because

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Speaker 2: you might just go just needed another year more working.

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Speaker 2: I'm going to go back into the workforce, stay there

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Speaker 2: in that role and then do exactly what this community

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Speaker 2: member's done, where basically she just sat pretty and waited

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Speaker 2: for the role to come back in in Juram money win,

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Speaker 2: or you might see something similar pop up and go no,

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Speaker 2: I am qualified. I can do this because one note

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Speaker 2: doesn't mean no forever.

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Speaker 5: And sometimes they keep your resume on file, like they

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Speaker 5: did for Bailey. My next money win this week comes

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Speaker 5: from Anna, who said massive money. When we needed a

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Speaker 5: new couch, so we went to Ike to have a look.

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Speaker 5: The one that we wanted was thirteen hundred dollars plus.

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Speaker 2: Couches are so expensive at the.

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Speaker 5: So expensive, and I found out that you can change

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Speaker 5: the entire cover on the couch. Very smart, big fan

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Speaker 5: of that. I did searching and found a couch in

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Speaker 5: good structural condition on gum Tree for a hundred bucks,

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Speaker 5: bought it, picked it up, and then ordered brand new

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Speaker 5: covers from my couch three hundred dollars. All in all,

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Speaker 5: I saved nine hundred dollars for pretty much a brand

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Speaker 5: new count. That's so smart. I would never have thought

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Speaker 5: of that. Removable covers too, only way to go.

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Speaker 2: So I have removable covers on their couch that we

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Speaker 2: currently have and adore and it's now making it really

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Speaker 2: hard to pick a new couch because we need a

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Speaker 2: new couch, and I really love this particular one. It

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Speaker 2: doesn't fit our space anymore. But like being able to

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Speaker 2: put them in the washing machine and wash them with

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Speaker 2: three pets is the best. Yeah, but it's so hard

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Speaker 2: to find, so it's good to know, ike, I have

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Speaker 2: some arguably affordable ones, because I feel like every couch

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Speaker 2: in this dog is now worth a billion dollars. They're

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Speaker 2: so exciting. What's with that? I don't know, Like you

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Speaker 2: just cant you just see you have literally no functionality.

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Speaker 2: I don't get it.

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Speaker 4: Oh my goodness.

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Speaker 5: My next money comes from Linda who said she used

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Speaker 5: up old apple and a carrot and made twelve apple

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Speaker 5: carrot class for my kids at lunchboxes. And she made

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Speaker 5: her own Baker's Delight cheese and bacon rolls as well.

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Speaker 2: I want sauce, I know. I feel like that sounds

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Speaker 2: so good. A whole carrot apple bar.

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Speaker 5: Yeah, I'm on the scrolls TikTok side where they make

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Speaker 5: lunch boxes for their kids or their partners mate.

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Speaker 2: That makes sense.

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Speaker 5: Fancy you have like four kids and a husband, right exactly,

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Speaker 5: so it totally makes fun when I'm there. My last

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Speaker 5: money win for this week comes from Taylor. He said,

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Speaker 5: money win. We just bought our first home. I'm self employed,

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Speaker 5: we have a two year old daughter, and we did

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Speaker 5: it all on our own.

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Speaker 2: Yes, how exciting is that? Congratulations Taylor. And being self

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Speaker 2: employed gives you so many more hurdles to getting into

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Speaker 2: the market. Genius.

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Speaker 4: Love it.

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Speaker 2: That's awesome. How exciting. All right, Well, let's go to

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Speaker 2: a really quick break because after the break, I really

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Speaker 2: want to dive into a conversation about budgeting when you

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Speaker 2: have a monthly income, which I think is something we

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Speaker 2: all struggle with at some point in our lives. And

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Speaker 2: we have a little dilemma about what happens when your

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Speaker 2: friends aren't accepting of your financial goals. So guys, don't

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Speaker 2: go anywhere.

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Speaker 5: All right, Welcome back, everybody. Let's jump into one of

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Speaker 5: the best bits of the week. I think Money's honna

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Speaker 5: I love this part.

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Speaker 2: It's so good.

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Speaker 5: Hi.

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Speaker 2: There, have you got a money dilemma you just can't solve?

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Speaker 2: The Sheese on the Money Team is here to help.

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Speaker 2: Every week, we tackle your dilemmas, both big and small,

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Speaker 2: to answer your most burning money career and life questions.

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Speaker 2: To get involved, simply head to our website and leave

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Speaker 2: us a short voice recording and you might just find

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Speaker 2: yourself on the show. Now, let's take a listen to

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Speaker 2: this week's money dilemma.

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Speaker 6: Hey, I've got a money dilemma for you. I get

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Speaker 6: paid monthly, and right now, at the end of every

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Speaker 6: single month, I am strapped for cash. At the start

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Speaker 6: of each month, I put some money away for my savings,

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Speaker 6: for investing and to pay my bills, and by the

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Speaker 6: end of the month, I am looking for money under

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Speaker 6: the couch. So I'm just looking for some tips and

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Speaker 6: guidance on how I can avoid that, because December January

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Speaker 6: it was rough this year anyway, love your work.

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Speaker 5: By that took me by surprise that it was a

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Speaker 5: male voice, because I wasn't expecting it. But I love

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Speaker 5: that we have men in our community. We had a

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Speaker 5: few at hour events over the past couple of weeks,

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Speaker 5: and we had a few that arguably were brought against

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Speaker 5: their will as boyfriends, and there were some who listened

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Speaker 5: and I freaking love it.

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Speaker 2: It's actually the best. I did give me a little jump, though,

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Speaker 2: I was like, is this all right? Recording? I love

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Speaker 2: this though I also love this question because I feel

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Speaker 2: like this is something that I used to struggle with

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Speaker 2: and then I found my way of budgeting. And Jess,

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Speaker 2: I feel like you're probably really good at talking about

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Speaker 2: this because I pay you monthly. We will watching it.

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Speaker 2: But I guess the summary of these is My best

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Speaker 2: advice would literally be the She's on the Money budgeting

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Speaker 2: cash flow course. And the reason for that is because

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Speaker 2: there's so much more that comes into budgeting and cash

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Speaker 2: flow and structuring ourselves than just okay, well, instead of

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Speaker 2: living week to week, how do I live months to months?

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Speaker 2: Because those big costs then add up even more. I

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Speaker 2: feel like they hurt you more when you're living on

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Speaker 2: a monthly budget than a weekly one, because if a

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Speaker 2: really big cost comes up, jest, you go, oh shit,

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Speaker 2: like that's okay or right, all paid off over the

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Speaker 2: next two or three weeks, and you can kind of

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Speaker 2: justify it. They're to yourself. Then if you go, okay, cool,

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Speaker 2: I got paid four and a half thousand dollars this month,

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Speaker 2: and then I have my rediol and it's twelve hundred

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Speaker 2: dollars and you're like, wow, that's a quarter of my

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Speaker 2: income or you know, a quarter of my budget just gone.

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Speaker 2: And I think that when it comes to budget and

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Speaker 2: cash flow, we actually need to take a step back

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Speaker 2: and not talk about how often you get paid, but

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Speaker 2: rather how many bills and expenses do I have every week,

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Speaker 2: every month, every year? What do those different expenses cost?

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Speaker 2: What do they look like? If it's a weekly cost

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Speaker 2: like groceries, okay, we can put it in as a

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Speaker 2: weekly cost, but then it might be a monthly cost

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Speaker 2: like a phone bill, and then it extrapolates out too,

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Speaker 2: so annual bills like you might have some insurances to pay,

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Speaker 2: or you might have your redgo or your car insurance

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Speaker 2: or something like that, right that we need to take

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Speaker 2: into consideration. And if it's twelve hundred bucks a year

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Speaker 2: for your car rego, what's one hundred dollars a month

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Speaker 2: that we actually have to put aside to make sure

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Speaker 2: that it doesn't bite us in the butt when it

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Speaker 2: comes time to paying it. So I think it's actually

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Speaker 2: about the system you have, and there's not actually a

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Speaker 2: different way of approaching it when it comes to I

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Speaker 2: get paid weekly or I get paid monthly when we

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Speaker 2: start that conversation, because we actually need to understand every

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Speaker 2: single dollar that comes into our account and what job

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Speaker 2: it has, and making sure that we have a banking structure.

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Speaker 2: And that's why I always talk about this concept called

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Speaker 2: a cash hub, where every single dollar goes into your

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Speaker 2: cash hub and it sits there in waiting for you

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Speaker 2: to give it a job, and every single dollar that

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Speaker 2: comes into your account gets given a job. So it

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Speaker 2: might come in and it might be for your food,

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Speaker 2: fuel and fun account, which I call that because it

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Speaker 2: sounds way more fun. But that's basically your everyday expenses

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Speaker 2: and your groceries and things that you tap a debit

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Speaker 2: card for. You might say, okay, Victoria, I spend a

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Speaker 2: total of two hundred and fifty dollars a week on food, fuel,

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Speaker 2: and fun. So you take that two hundred and fifty

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Speaker 2: dollars from your cash up and pop it on your

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Speaker 2: debit card on a weekly basis, And I recommend that

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Speaker 2: regardless of whether you get paid weekly or monthly or fortnightly,

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Speaker 2: or however you get paid, we set up a direct debit.

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Speaker 2: Mine personally is on a Thursday, because I want to

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Speaker 2: withhold all of my money till closer to the end

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Speaker 2: of the week. Because if you give me two hundred

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Speaker 2: and fifty dollars on Monday.

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Speaker 5: Gonna be gone.

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Speaker 2: It's gonna be gone. Like That's exactly it, right, That

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Speaker 2: is exactly how I function because I can't be trusted.

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Speaker 2: Why do you think I have such a strict system

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Speaker 2: that enables me to work in the way that I work,

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Speaker 2: but also takes into consideration the fact that I literally

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Speaker 2: have ADHD. So if the money's there, I'm going to

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Speaker 2: spend it. It's just going to happen. So I transfer

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Speaker 2: it on the Thursday, because often if I'm going to

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Speaker 2: go out for drinks, it might be on a Thursday

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Speaker 2: or a Friday night after work, and then I know

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Speaker 2: that if I've got the weekend coming up, Okay, well,

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Speaker 2: if I have brunched on a Saturday, I then look

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Speaker 2: at my account make sure that I've got some money

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Speaker 2: left over. And you know that time of the week

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Speaker 2: is when I do my groceries, right, So I have

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Speaker 2: that money that goes there, But then I also have

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Speaker 2: all my direct debts coming out of my cash hub.

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Speaker 2: So the money that is sitting in that cash hub

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Speaker 2: is kind of laying in wait, you could say, to

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Speaker 2: be allocated to an expense. So it might be my

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Speaker 2: monthly phone bill, and I know that that's forty five

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Speaker 2: dollars a month, and that's going to come out of

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Speaker 2: my cash hub, so that money doesn't need to be

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Speaker 2: put to work in the interim that money for me,

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Speaker 2: That job of that cash is to sit there and

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Speaker 2: wait so that it can pay my bill later in

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Speaker 2: the month. And I think that there's this misconception where

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Speaker 2: every single dollar needs to work as hard as you

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Speaker 2: do for it. But when I say that, I don't

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Speaker 2: mean it needs to be making a massive return. I

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Speaker 2: mean it needs to be taking some pressure off you

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Speaker 2: or feeling good about that, or you know it's working

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Speaker 2: hard for you so that it can pay the bill

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Speaker 2: that you have for scene coming up right, And then

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Speaker 2: every single week, or you could do this monthly or

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Speaker 2: fortnightly or however often you want. We then transfer out

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Speaker 2: our savings amount and our investment amount if we're in

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Speaker 2: the privileged position to be able to do those things,

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Speaker 2: so they're pre allocated. That money's already put into other

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Speaker 2: accounts that we can't touch, we can't talk about. And

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Speaker 2: then if you have a mortgage, which I know is

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Speaker 2: going to be a question that people will ask. One

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Speaker 2: of the best things that you can do not advice.

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Speaker 2: Just what my clients have been doing for a really

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Speaker 2: long time is making that cash hub an offset to

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Speaker 2: your mortgage, so that your cash that is laying in

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Speaker 2: weight to be given a job is actually offsetting the

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Speaker 2: money that you are meant to be paying on your mortgage,

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Speaker 2: which means even when it's kind of laying in weight

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Speaker 2: not doing anything at least, it's kind of working a

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Speaker 2: little bit hard. If you don't have that system set up,

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Speaker 2: you don't have a mortgage, that's totally okay. It could

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Speaker 2: just be a savings account that you get paid into

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Speaker 2: that might have some type of return at this point

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Speaker 2: in time. Not that likely, but it's a good idea.

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Speaker 2: It's a good thing to think about. But every single

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Speaker 2: dollar needs to be allocated for so regardless of whether

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Speaker 2: you work monthly or you work fortnightly or weekly, or

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Speaker 2: if you are someone who has a really inconsistent income.

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Speaker 2: And I know lots of people in our community work

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Speaker 2: casually and maybe over Christmas they take over heaps more

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Speaker 2: shifts because they're UNI and they can do that, and

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Speaker 2: then when they're back at UNI during the year, they

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Speaker 2: can't do as many shifts. This system works for you

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Speaker 2: as well, because it tells us how much we spend

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Speaker 2: each week and we need to allocate to our spending fund.

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Speaker 2: So what that looks like is going, okay, cool, I'm

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Speaker 2: working my butt off over these Christmas holidays. I made

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Speaker 2: triple what I usually make. That doesn't spend it. That

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Speaker 2: doesn't mean you spend triple. That means that we actually

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Speaker 2: have a baseline of spending that we know we meet

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Speaker 2: and that cash hub might get a little bit juicier,

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Speaker 2: at which point we go, all right, should I be

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Speaker 2: you know, treating myself? We can treat ourselves sometimes that's

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Speaker 2: absolutely okay, but we really to think of it like

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Speaker 2: making Hey, while the sun is shining, So if you

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Speaker 2: have some extra cash coming in, can we put it

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Speaker 2: into an emergency fund? Can we put it into savings

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Speaker 2: or an investment to get ourselves ahead, so that when

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Speaker 2: we are back in the groove of things and we

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Speaker 2: don't have that flexibility that we had over Christmas, can

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Speaker 2: we actually make use of those funds then to take

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Speaker 2: the pressure off in the way that you thought you

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Speaker 2: were going to have those work for you. Does that

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Speaker 2: make sense? That makes sense. That does make sense. So

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Speaker 2: it's one of those things that I find really challenging

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Speaker 2: to articulate via podcast because like the way that I've

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Speaker 2: always taught it is to you know, go all right, Beck,

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Speaker 2: let's sit down and I'll draw out a cash flow

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Speaker 2: system on a whiteboard and this is where this goes,

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Speaker 2: and what are your values? How does this work? And

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Speaker 2: maybe Beck and I will do that actually, because I've

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Speaker 2: told Beck that I'll I'll do her budget and cash

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Speaker 2: flow very soon.

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Speaker 4: Thank you.

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Speaker 2: Because you got a new job, you have to be

439
00:19:49,240 --> 00:19:50,880
Speaker 2: on it. Oh, I need to be on it right now.

440
00:19:50,960 --> 00:19:53,080
Speaker 2: I'm living people. We won't tell we won't tell people

441
00:19:53,119 --> 00:19:54,879
Speaker 2: what you're earning, but we can talk about the system

442
00:19:54,920 --> 00:19:57,639
Speaker 2: and I can teach. Sure might share that. That seems

443
00:19:57,720 --> 00:20:01,679
Speaker 2: quite fun. And then so, Jess, what tips and tricks

444
00:20:01,680 --> 00:20:05,000
Speaker 2: do you have as somebody who lives in the situation

445
00:20:05,240 --> 00:20:08,159
Speaker 2: of being a monthly pay I actually quite like it.

446
00:20:08,200 --> 00:20:10,080
Speaker 4: I don't know if I'm the anomaly here. I prefer

447
00:20:10,160 --> 00:20:10,800
Speaker 4: monthly pay.

448
00:20:11,000 --> 00:20:13,880
Speaker 2: Why. I think because I'm a very visual person.

449
00:20:14,040 --> 00:20:16,080
Speaker 5: So for me at the start of the month, and

450
00:20:16,119 --> 00:20:17,800
Speaker 5: I mean, the money is the same, right, whether you're

451
00:20:17,840 --> 00:20:20,439
Speaker 5: being paid twice a month, once month, every week, whatever,

452
00:20:20,480 --> 00:20:22,680
Speaker 5: it is, the amount of money that you have come

453
00:20:22,800 --> 00:20:25,399
Speaker 5: in or at least in this situation for me personally,

454
00:20:25,440 --> 00:20:28,480
Speaker 5: because I want a salary, it's the same, and so

455
00:20:28,760 --> 00:20:32,080
Speaker 5: I really like that I have the full amount and

456
00:20:32,160 --> 00:20:34,680
Speaker 5: I can then do my breakdown, which for the most

457
00:20:34,680 --> 00:20:36,719
Speaker 5: part stays the same because I have my budget as

458
00:20:36,760 --> 00:20:38,720
Speaker 5: my baseline. But if I go, oh, this month, I

459
00:20:38,760 --> 00:20:40,840
Speaker 5: have two weddings and I want to buy address, or

460
00:20:41,280 --> 00:20:43,960
Speaker 5: I need to allocate money for a gift, I can

461
00:20:44,000 --> 00:20:45,800
Speaker 5: look at all of my money for the month as

462
00:20:45,800 --> 00:20:48,840
Speaker 5: a whole and figure out what the impact is, Whereas

463
00:20:48,880 --> 00:20:50,600
Speaker 5: I feel like if you're going week to week.

464
00:20:50,560 --> 00:20:51,560
Speaker 2: Or fortnight to fortnight.

465
00:20:52,440 --> 00:20:54,240
Speaker 5: I haven't had that for a really long time because

466
00:20:54,240 --> 00:20:56,679
Speaker 5: I think monthly is more common in corporate work. But

467
00:20:56,960 --> 00:20:59,680
Speaker 5: when I was doing that, I was always falling into

468
00:20:59,720 --> 00:21:01,359
Speaker 5: the train of being like, oh, I'm going to spend

469
00:21:01,359 --> 00:21:04,200
Speaker 5: this money and I'll just put extra back in next power,

470
00:21:04,800 --> 00:21:06,920
Speaker 5: Whereas I think when you're going month to time, you're

471
00:21:07,119 --> 00:21:09,680
Speaker 5: I'm not going to have any additional funds for four

472
00:21:09,680 --> 00:21:12,199
Speaker 5: to five weeks, and I feel like that makes me

473
00:21:12,640 --> 00:21:15,960
Speaker 5: better and being very visual. I've said this before, but

474
00:21:15,960 --> 00:21:18,200
Speaker 5: I have accounts for everything that I spend on on

475
00:21:18,240 --> 00:21:19,560
Speaker 5: the month. I have one for clothes, I have one

476
00:21:19,600 --> 00:21:22,240
Speaker 5: for beauty, I have one for groceries, and I put

477
00:21:22,240 --> 00:21:23,639
Speaker 5: my money in there for the month and I go,

478
00:21:23,800 --> 00:21:25,920
Speaker 5: that's what I've got, And when that starts to get low,

479
00:21:26,320 --> 00:21:27,720
Speaker 5: I go, oh, I need to pull my head in

480
00:21:27,800 --> 00:21:29,720
Speaker 5: or I need to really think about my purchases.

481
00:21:29,760 --> 00:21:31,639
Speaker 4: And that works for my brain.

482
00:21:31,840 --> 00:21:34,120
Speaker 2: I guess do you like monthly pay? I can definitely

483
00:21:34,160 --> 00:21:34,960
Speaker 2: appreciate that.

484
00:21:35,320 --> 00:21:38,440
Speaker 3: I think that I like seeing it as well as

485
00:21:38,480 --> 00:21:40,480
Speaker 3: a whole and seeing, like, you know, I can pay

486
00:21:40,480 --> 00:21:42,040
Speaker 3: my rent in one go.

487
00:21:42,200 --> 00:21:45,520
Speaker 2: I don't have to be like, okay this week, you know.

488
00:21:45,680 --> 00:21:49,000
Speaker 3: Yeah, so there are some bills that I like to

489
00:21:49,040 --> 00:21:51,520
Speaker 3: just get out of the way, but then budgeting for

490
00:21:51,560 --> 00:21:54,160
Speaker 3: the next few weeks, like this is what my fun

491
00:21:54,280 --> 00:21:55,120
Speaker 3: fuel and what.

492
00:21:55,000 --> 00:21:55,480
Speaker 2: Did you call it?

493
00:21:55,640 --> 00:21:55,920
Speaker 1: Fuel?

494
00:21:55,920 --> 00:21:58,000
Speaker 2: And fun food fuel and fine, I will set you up.

495
00:21:58,040 --> 00:21:59,600
Speaker 2: I'm going to film me during the time.

496
00:22:00,119 --> 00:22:01,680
Speaker 3: Yeah, I would really love that because right now I

497
00:22:01,720 --> 00:22:02,520
Speaker 3: don't know what I'm doing.

498
00:22:02,600 --> 00:22:04,320
Speaker 2: So I got you.

499
00:22:04,480 --> 00:22:05,880
Speaker 3: I also feel like, do you think that we get

500
00:22:05,880 --> 00:22:08,840
Speaker 3: paid more? This probably sounds ridiculous, but because we get

501
00:22:09,080 --> 00:22:12,639
Speaker 3: paid monthly, it's like when you pay rent monthly, it's

502
00:22:12,640 --> 00:22:14,440
Speaker 3: a little bit more than if you paid it weekly,

503
00:22:14,920 --> 00:22:16,320
Speaker 3: so I feel like it's the same if you get

504
00:22:16,320 --> 00:22:17,240
Speaker 3: paid monthly.

505
00:22:17,440 --> 00:22:19,000
Speaker 2: It kind of works out that way and.

506
00:22:19,200 --> 00:22:20,520
Speaker 3: A little bit more.

507
00:22:20,680 --> 00:22:23,280
Speaker 2: Yeah, it depends on what system people work on, so

508
00:22:23,480 --> 00:22:25,879
Speaker 2: Jess is system. I hope you don't mind me sharing this.

509
00:22:26,320 --> 00:22:28,840
Speaker 2: I'm not telling people what you get paid, but moment

510
00:22:28,920 --> 00:22:31,680
Speaker 2: is good. The way it works for us is two

511
00:22:31,680 --> 00:22:34,640
Speaker 2: weeks scein arrears and two weeks ahead, so it's never

512
00:22:34,800 --> 00:22:39,080
Speaker 2: actually January's pay, if that makes sense, or February's pay.

513
00:22:39,160 --> 00:22:41,040
Speaker 2: It falls in the middle of that month, and it's

514
00:22:41,080 --> 00:22:43,679
Speaker 2: kind of like two weeks in aarrears, two weeks ahead

515
00:22:43,840 --> 00:22:46,639
Speaker 2: and that that seems to work for us quite well.

516
00:22:46,960 --> 00:22:50,439
Speaker 2: So for Jess, it would be consistent basically every time,

517
00:22:50,720 --> 00:22:52,840
Speaker 2: or should be every time, just because of the way

518
00:22:52,840 --> 00:22:55,919
Speaker 2: it works. Obviously, if someone is paying you quote on

519
00:22:55,960 --> 00:22:58,560
Speaker 2: a monthly basis and you have to work an entire

520
00:22:58,600 --> 00:23:01,600
Speaker 2: month and then get paid, February has twenty eight days,

521
00:23:01,720 --> 00:23:03,760
Speaker 2: so that would be less, and then all the months

522
00:23:03,800 --> 00:23:06,040
Speaker 2: that have like thirty one days, you'd get paid more.

523
00:23:06,119 --> 00:23:10,680
Speaker 2: So it really depends on how your I guess bookkeeping works.

524
00:23:11,240 --> 00:23:13,399
Speaker 2: But I'm going to say something really spicy that I

525
00:23:13,400 --> 00:23:16,960
Speaker 2: don't know. Everyone is going to love. People who like

526
00:23:17,080 --> 00:23:19,879
Speaker 2: monthly pays are usually more responsible when it comes to

527
00:23:19,920 --> 00:23:21,880
Speaker 2: budgeting and cash flow makes sense.

528
00:23:21,960 --> 00:23:23,560
Speaker 4: It's all checked it out.

529
00:23:23,680 --> 00:23:26,000
Speaker 2: Yeah, So, like, if you're getting paid monthly and it

530
00:23:26,160 --> 00:23:30,080
Speaker 2: stresses you out, I don't want to pinpoint, but more

531
00:23:30,160 --> 00:23:33,320
Speaker 2: times than not, when I sit down with that person,

532
00:23:33,480 --> 00:23:36,879
Speaker 2: I will find that they aren't across their budget. They

533
00:23:36,880 --> 00:23:39,679
Speaker 2: don't know how much they spend. They don't know how

534
00:23:39,760 --> 00:23:42,120
Speaker 2: they can save or how they can invest because they've

535
00:23:42,160 --> 00:23:45,200
Speaker 2: never really done that before and they've always just operated

536
00:23:45,240 --> 00:23:47,960
Speaker 2: out of I guess anxiety and gone, okay, well, they

537
00:23:48,000 --> 00:23:49,399
Speaker 2: have all this money, and I know that, you know,

538
00:23:49,480 --> 00:23:51,239
Speaker 2: my rent might be twelve hundred dollars a month, so

539
00:23:51,480 --> 00:23:54,040
Speaker 2: I can't spend that, and then it's a free for

540
00:23:54,080 --> 00:23:55,679
Speaker 2: all for the rest of it. I'll just work it

541
00:23:55,720 --> 00:23:57,720
Speaker 2: out and it'll be right. Oh it's a week until

542
00:23:57,720 --> 00:23:59,320
Speaker 2: the end of the month. Oh crap, all right, Well

543
00:23:59,359 --> 00:24:01,800
Speaker 2: I just won't go drinks with my friends. Like that's

544
00:24:01,920 --> 00:24:06,520
Speaker 2: kind of how I find that might literally mean, but

545
00:24:06,760 --> 00:24:09,360
Speaker 2: it's my experience with people who get paid monthly who

546
00:24:09,400 --> 00:24:11,920
Speaker 2: maybe aren't on top of it, and it actually doesn't

547
00:24:11,960 --> 00:24:14,000
Speaker 2: matter what you earn. You could be earning forty thousand

548
00:24:14,040 --> 00:24:15,879
Speaker 2: dollars a year, you could be earning four hundred thousand

549
00:24:15,920 --> 00:24:17,800
Speaker 2: dollars a year, and that same system is going to

550
00:24:17,840 --> 00:24:20,959
Speaker 2: mess you up regardless. And I think a lot of

551
00:24:21,000 --> 00:24:23,720
Speaker 2: people often think, oh, I don't earn enough, and if

552
00:24:23,720 --> 00:24:25,919
Speaker 2: I do my budget, I'll feel really overwhelmed and this

553
00:24:25,960 --> 00:24:28,760
Speaker 2: will really suck. It's not like that at all. You'll

554
00:24:28,760 --> 00:24:31,280
Speaker 2: actually feel more empowered because you go, yep, sick, all

555
00:24:31,280 --> 00:24:33,720
Speaker 2: my bills are there, this is what I can spend

556
00:24:33,760 --> 00:24:36,440
Speaker 2: without getting into trouble. And if you're not on top

557
00:24:36,440 --> 00:24:39,760
Speaker 2: of your budget and cash flow, ultimately you'll start spending

558
00:24:39,760 --> 00:24:41,640
Speaker 2: more than your earning and you will end up in

559
00:24:41,720 --> 00:24:44,000
Speaker 2: a pickle. So it's I don't know. I feel like

560
00:24:44,040 --> 00:24:47,320
Speaker 2: budgets can be really restrictive and that's why people avoid them.

561
00:24:47,720 --> 00:24:50,600
Speaker 2: But from my perspective, it's actually just a little bit

562
00:24:50,600 --> 00:24:52,960
Speaker 2: of insight. How am I spending my money? Am I

563
00:24:53,119 --> 00:24:57,000
Speaker 2: okay with it? It's not about comparison, it's not about restricting yourself.

564
00:24:57,280 --> 00:25:00,159
Speaker 2: I don't restrict myself in my budget at all. Like

565
00:25:00,240 --> 00:25:02,560
Speaker 2: I get really sick of people and I'm seeing a

566
00:25:02,600 --> 00:25:04,000
Speaker 2: lot of tiktoks at the moment, I feel like I

567
00:25:04,080 --> 00:25:07,320
Speaker 2: bring TikTok up every single Friday, but that's because that's

568
00:25:07,320 --> 00:25:10,160
Speaker 2: where I live. I live on TikTok pricet. That's okay,

569
00:25:10,240 --> 00:25:14,160
Speaker 2: that's okay, enrapment, But people like I save eighty percent

570
00:25:14,240 --> 00:25:17,560
Speaker 2: of my income, no chance. But it's just not going

571
00:25:17,640 --> 00:25:20,199
Speaker 2: to happen. Yeah, And I need to be really honest

572
00:25:20,240 --> 00:25:20,639
Speaker 2: about that.

573
00:25:20,800 --> 00:25:21,040
Speaker 5: Yeah.

574
00:25:22,160 --> 00:25:22,360
Speaker 1: Yeah.

575
00:25:22,640 --> 00:25:25,040
Speaker 2: If if you contese on the money to save eighty

576
00:25:25,080 --> 00:25:27,399
Speaker 2: percent of your income, you do, you boo. But I

577
00:25:27,440 --> 00:25:29,359
Speaker 2: will not be teaching you. It's just not going to

578
00:25:29,400 --> 00:25:31,880
Speaker 2: happen because I'm not about restriction. I just think that

579
00:25:31,880 --> 00:25:34,919
Speaker 2: that ultimately leads to burnout and putting yourself in a

580
00:25:34,920 --> 00:25:38,360
Speaker 2: pickle position. But do you reckon? We've spoken too much

581
00:25:38,359 --> 00:25:39,440
Speaker 2: about a budget and cash flow.

582
00:25:39,480 --> 00:25:42,440
Speaker 5: I'm just so excited about it, and I believe it's

583
00:25:42,440 --> 00:25:43,680
Speaker 5: been off for a little bit. But I'll turn it

584
00:25:43,720 --> 00:25:46,040
Speaker 5: back on seeing as we're harping on about it right now.

585
00:25:46,119 --> 00:25:46,760
Speaker 4: If you want to do.

586
00:25:46,720 --> 00:25:49,119
Speaker 2: The you guys get something out of the fact that

587
00:25:49,160 --> 00:25:50,159
Speaker 2: you just listen to all of that.

588
00:25:51,280 --> 00:25:52,640
Speaker 5: If you want to do the budget and cash Flow

589
00:25:52,680 --> 00:25:54,320
Speaker 5: master Class, which is the system that I use. The

590
00:25:54,320 --> 00:25:55,840
Speaker 5: budget we're going to get back on as well. And

591
00:25:55,840 --> 00:25:59,120
Speaker 5: it comes with a very handy dandy automated budget that does.

592
00:25:58,960 --> 00:26:00,000
Speaker 2: Your full second.

593
00:26:00,400 --> 00:26:02,240
Speaker 5: It is pretty good and it does at all for you.

594
00:26:02,320 --> 00:26:04,960
Speaker 5: If you're in a math scale like myself, very handy.

595
00:26:05,320 --> 00:26:07,560
Speaker 5: Use the code pod fifty. I'll turn it back on today.

596
00:26:07,600 --> 00:26:11,040
Speaker 5: It'll be up for three weeks and four weeks. Oh,

597
00:26:11,119 --> 00:26:12,800
Speaker 5: she's generous.

598
00:26:12,960 --> 00:26:14,560
Speaker 4: She's in a good mood. I know she's in bad

599
00:26:14,600 --> 00:26:17,840
Speaker 4: mood again next four weeks.

600
00:26:17,880 --> 00:26:19,840
Speaker 5: You knew the cod pop fifty because if you're paid monthly,

601
00:26:20,080 --> 00:26:22,080
Speaker 5: then even if you're payday with today, you can work

602
00:26:22,119 --> 00:26:22,959
Speaker 5: intor budget for next month.

603
00:26:23,040 --> 00:26:25,040
Speaker 2: Yeah, okay, that seems quite kind of you. I'm not

604
00:26:25,080 --> 00:26:26,480
Speaker 2: that nice, so I would have been like, oh, I

605
00:26:26,520 --> 00:26:30,240
Speaker 2: forgot about the discount code yellow. Much nicer person than me.

606
00:26:30,840 --> 00:26:33,120
Speaker 2: Let's move on though. How about we have a chat

607
00:26:33,200 --> 00:26:37,119
Speaker 2: about our community concern which looked like this, Hey, v

608
00:26:37,359 --> 00:26:42,560
Speaker 2: Jess and Beck. Oh, dear, I feel a partner that

609
00:26:42,800 --> 00:26:45,600
Speaker 2: I'm loving these chats, and I'm hoping you can help

610
00:26:45,640 --> 00:26:48,639
Speaker 2: me with my dilemma. I have an amazing group of

611
00:26:48,680 --> 00:26:51,400
Speaker 2: girlfriends we met at UNI and have staid friends now

612
00:26:51,480 --> 00:26:55,119
Speaker 2: into our twenties. However, my goals are starting to shift

613
00:26:55,160 --> 00:26:57,560
Speaker 2: and I really want to save for a house. I

614
00:26:57,640 --> 00:26:59,239
Speaker 2: told the girls that I want to stop going out

615
00:26:59,280 --> 00:27:01,600
Speaker 2: and then in brackets because let's be real, a night

616
00:27:01,680 --> 00:27:05,800
Speaker 2: out is bloody spano and they've just been really annoying

617
00:27:05,840 --> 00:27:08,280
Speaker 2: about it. They tell me you're only young once and

618
00:27:08,359 --> 00:27:11,920
Speaker 2: don't be boring, But I genuinely don't care anymore about

619
00:27:11,920 --> 00:27:14,200
Speaker 2: spending my money on a night out, and I get

620
00:27:14,320 --> 00:27:16,400
Speaker 2: so much guilt when I look at my bank account

621
00:27:16,400 --> 00:27:18,960
Speaker 2: the next day. How can I approach this with them?

622
00:27:19,200 --> 00:27:21,520
Speaker 2: They are aware, so I need help. I understand it's

623
00:27:21,520 --> 00:27:23,720
Speaker 2: been a bit of a pillar of our friendship, so

624
00:27:23,760 --> 00:27:26,200
Speaker 2: I'm worried that they'll stop being so friendly with me.

625
00:27:26,440 --> 00:27:28,840
Speaker 2: Please help kiss kiss.

626
00:27:28,600 --> 00:27:33,040
Speaker 3: Many layers, many layers, like an onion, an onion, I

627
00:27:33,080 --> 00:27:35,880
Speaker 3: would say, I know that, like my friends would never

628
00:27:35,920 --> 00:27:38,000
Speaker 3: pressure me to go out. And you know, but I

629
00:27:38,000 --> 00:27:40,800
Speaker 3: guess if you've good friends, yeah, good, yeah, good friends.

630
00:27:40,840 --> 00:27:42,439
Speaker 3: I have really good friends, and we all should have

631
00:27:42,440 --> 00:27:43,640
Speaker 3: friends that don't pressure us to.

632
00:27:43,600 --> 00:27:46,040
Speaker 2: Do absolutely not. Are they really a friend if they're

633
00:27:46,040 --> 00:27:46,600
Speaker 2: pressuring you?

634
00:27:46,640 --> 00:27:47,240
Speaker 5: Like me?

635
00:27:48,080 --> 00:27:51,120
Speaker 3: But I also know there's this thing that you're only

636
00:27:51,160 --> 00:27:52,800
Speaker 3: young once. You got to go out and live it up,

637
00:27:52,840 --> 00:27:55,879
Speaker 3: and hopefully it's coming from a good place. Hopefully it's

638
00:27:55,920 --> 00:27:58,399
Speaker 3: not just like, Hey, you're our fun drunk friends are

639
00:27:58,400 --> 00:27:59,440
Speaker 3: You've got to come out all the time.

640
00:27:59,480 --> 00:28:03,040
Speaker 2: Hopefully, Hey, I am that is the way I am back.

641
00:28:03,720 --> 00:28:06,960
Speaker 2: That's not true. I'm so annoying. I go out and

642
00:28:07,240 --> 00:28:09,240
Speaker 2: I think this might be because I'm in my thirties.

643
00:28:09,280 --> 00:28:11,600
Speaker 2: Now Jess can probably attest because she might be in

644
00:28:11,640 --> 00:28:13,840
Speaker 2: her twenties, but she acts like she's in her thirties.

645
00:28:14,359 --> 00:28:16,400
Speaker 2: Will go out and we'll be like John, a cocktail, Yep,

646
00:28:16,440 --> 00:28:17,560
Speaker 2: you want a cocktail. Do you want to be in

647
00:28:17,600 --> 00:28:20,240
Speaker 2: bed by nine? Yep? Want to be in bed by nine? Bye?

648
00:28:20,720 --> 00:28:21,000
Speaker 2: The best.

649
00:28:21,000 --> 00:28:24,480
Speaker 5: I think that's both worlds. Get me drunk and get

650
00:28:24,480 --> 00:28:27,840
Speaker 5: me cozy in bed. Yeah, it's all cozy about some

651
00:28:28,119 --> 00:28:29,200
Speaker 5: perfect Yeah.

652
00:28:29,200 --> 00:28:32,520
Speaker 2: But we asked the community a few follow up questions,

653
00:28:32,560 --> 00:28:35,280
Speaker 2: and one of them was have your financial goals changed

654
00:28:35,320 --> 00:28:38,720
Speaker 2: in the past few years, And ninety five percent of

655
00:28:38,760 --> 00:28:44,440
Speaker 2: people said absolutely, character development yep, And five percent said yeah, nah,

656
00:28:44,640 --> 00:28:47,960
Speaker 2: stay the same. So ninety five percent of our community,

657
00:28:47,960 --> 00:28:50,960
Speaker 2: because that was a pretty good sample size, said yeah, no,

658
00:28:51,160 --> 00:28:54,520
Speaker 2: we change. The next question we asked them was did

659
00:28:54,560 --> 00:28:56,719
Speaker 2: you have any friends slash family that you felt you

660
00:28:56,760 --> 00:29:00,920
Speaker 2: needed to justify these goals too, which I find really ick,

661
00:29:01,040 --> 00:29:03,520
Speaker 2: Like that was why we asked, But I hate the

662
00:29:03,600 --> 00:29:05,960
Speaker 2: idea that we feel like we need to justify ourselves.

663
00:29:06,640 --> 00:29:09,600
Speaker 2: Fifty nine percent, so that's pretty good, said absolutely not.

664
00:29:09,720 --> 00:29:12,800
Speaker 2: It isn't their business. But forty one percent of you

665
00:29:12,880 --> 00:29:17,520
Speaker 2: said yes, it was something I felt was necessary. Ick yeah,

666
00:29:17,560 --> 00:29:20,440
Speaker 2: And then we said, do you sometimes feel uncomfortable telling

667
00:29:20,480 --> 00:29:22,640
Speaker 2: your friends you can't afford a night out because you're

668
00:29:22,680 --> 00:29:26,600
Speaker 2: saving for something else. Forty percent said yep, twenty seven

669
00:29:26,600 --> 00:29:28,600
Speaker 2: percent said no, my friends are really good with this,

670
00:29:28,760 --> 00:29:31,360
Speaker 2: and then thirty three percent of you, so exactly a

671
00:29:31,400 --> 00:29:34,400
Speaker 2: third said a bit of both. So I just find that,

672
00:29:35,680 --> 00:29:40,000
Speaker 2: from my perspective, really interesting, especially because we are right now,

673
00:29:40,040 --> 00:29:41,960
Speaker 2: we're sitting in a community or a room full of

674
00:29:41,960 --> 00:29:46,320
Speaker 2: women who are very akin to finance conversations. Like if

675
00:29:46,400 --> 00:29:48,480
Speaker 2: Jess said I can't afford that, I'd be like, yes, sick,

676
00:29:48,480 --> 00:29:51,280
Speaker 2: Norris will work something out, Like it doesn't even cross

677
00:29:51,400 --> 00:29:54,680
Speaker 2: my mind that there's a layer of judgment that might

678
00:29:54,720 --> 00:29:56,280
Speaker 2: be there, Like I feel like if I said to

679
00:29:56,320 --> 00:29:58,680
Speaker 2: you back something and you said no, I'd be like, yeah, right, nories,

680
00:29:58,760 --> 00:30:02,160
Speaker 2: let's find a different solution. Like, it's not why not?

681
00:30:02,400 --> 00:30:05,320
Speaker 2: Oh but you can't. I would feel horrendous And I

682
00:30:05,360 --> 00:30:09,640
Speaker 2: feel is that starting to trickle into your friendship conversations Jess?

683
00:30:09,840 --> 00:30:11,640
Speaker 5: Yeah, And I don't know, as you said, if it's

684
00:30:11,680 --> 00:30:14,360
Speaker 5: an age thing, I would be really interested to know

685
00:30:14,560 --> 00:30:16,280
Speaker 5: the ages of our and obviously we're do we get

686
00:30:16,320 --> 00:30:18,400
Speaker 5: on Instagram story so like the dart is not perfect?

687
00:30:18,640 --> 00:30:22,680
Speaker 5: But I think, what do you mean as you get older?

688
00:30:22,760 --> 00:30:26,240
Speaker 5: I think, firstly you careless love that, but also I

689
00:30:26,280 --> 00:30:28,760
Speaker 5: think those priorities really do have to shift, because I've

690
00:30:28,760 --> 00:30:30,960
Speaker 5: had a friend within the last couple of months say

691
00:30:31,040 --> 00:30:33,360
Speaker 5: to our group of girls, hey, like, is it all

692
00:30:33,480 --> 00:30:35,480
Speaker 5: right if we ease back on the things that we're

693
00:30:35,480 --> 00:30:37,840
Speaker 5: doing because our mortgage has gone up and we've got

694
00:30:37,840 --> 00:30:42,560
Speaker 5: a kid and exactly, And every response immediately was, of course,

695
00:30:43,200 --> 00:30:45,520
Speaker 5: what can we do? Come to our house, We'll cook you. Like,

696
00:30:45,840 --> 00:30:48,360
Speaker 5: there wasn't even a beat of thought where you would

697
00:30:48,400 --> 00:30:50,760
Speaker 5: ever say no, what are you doing? So I don't

698
00:30:50,800 --> 00:30:53,680
Speaker 5: know if that's because as you get older, generally people

699
00:30:53,760 --> 00:30:56,760
Speaker 5: do take on a little bit more of a financial burden.

700
00:30:57,320 --> 00:31:00,320
Speaker 5: But also I think that the mindset of her friends

701
00:31:00,320 --> 00:31:03,360
Speaker 5: sounds very like selfish, and that is again something that's

702
00:31:03,400 --> 00:31:05,680
Speaker 5: typical of all of us when we're really young, right,

703
00:31:05,760 --> 00:31:07,560
Speaker 5: it's that no, I want you to be there because

704
00:31:07,600 --> 00:31:08,719
Speaker 5: you are my best day and we have so much fun.

705
00:31:08,720 --> 00:31:10,160
Speaker 5: We're gonna get drunk, were gonna do this, and we're gonna

706
00:31:10,160 --> 00:31:13,160
Speaker 5: do that, and that is fine. But I don't think

707
00:31:13,200 --> 00:31:16,520
Speaker 5: they're thinking about the impact that it's having on our listener,

708
00:31:16,760 --> 00:31:19,120
Speaker 5: and that it is hard to be the person who's like, oh,

709
00:31:19,160 --> 00:31:22,040
Speaker 5: I'm the boring one. And I was always the boring one, Like, oh,

710
00:31:22,080 --> 00:31:24,160
Speaker 5: like I've got responsibilities or I've got things i want

711
00:31:24,160 --> 00:31:27,120
Speaker 5: to do or whatever. But as you said, are they

712
00:31:27,360 --> 00:31:30,240
Speaker 5: your friends, Because again, if you're young, and I'm making

713
00:31:30,360 --> 00:31:33,880
Speaker 5: presumptions here, but you do tend to outgrow people like

714
00:31:33,920 --> 00:31:35,560
Speaker 5: there are sometimes people who are just there for a

715
00:31:35,600 --> 00:31:37,680
Speaker 5: season of your life, people that you would go out

716
00:31:37,720 --> 00:31:39,640
Speaker 5: with at UNI, or people that you were in class

717
00:31:39,760 --> 00:31:43,200
Speaker 5: at school with them. And I think that if you

718
00:31:43,280 --> 00:31:45,760
Speaker 5: get to a place where your goals don't align, and

719
00:31:46,000 --> 00:31:48,400
Speaker 5: if you get to a place where they're not willing

720
00:31:48,440 --> 00:31:51,840
Speaker 5: to be flexible on their expectations of you, maybe they're

721
00:31:51,880 --> 00:31:53,240
Speaker 5: just not the right people for you anymore.

722
00:31:53,240 --> 00:31:54,400
Speaker 4: And that's not a bad thing.

723
00:31:54,680 --> 00:31:57,480
Speaker 2: It's funny, isn't it. As you get older, and I

724
00:31:57,520 --> 00:32:02,200
Speaker 2: guess now having been room my twenties, I reflect on

725
00:32:02,280 --> 00:32:04,920
Speaker 2: it and it's just so interesting because I remember my

726
00:32:05,000 --> 00:32:07,680
Speaker 2: mum saying to me, some of your friendships will actually

727
00:32:07,760 --> 00:32:11,560
Speaker 2: end up being situationships and you might be like good

728
00:32:11,560 --> 00:32:13,360
Speaker 2: friends with them because you both work at the same

729
00:32:13,360 --> 00:32:15,760
Speaker 2: cafe and you text each other all the time because

730
00:32:15,760 --> 00:32:18,800
Speaker 2: you've got this commonality between the two of you, and

731
00:32:19,000 --> 00:32:21,560
Speaker 2: the second one of you leaves, the communication is just

732
00:32:21,600 --> 00:32:23,600
Speaker 2: going to stop. You're not going to talk to each

733
00:32:23,640 --> 00:32:26,560
Speaker 2: other ever again. Despite saying, oh my gosh, I talked

734
00:32:26,600 --> 00:32:29,520
Speaker 2: to her every single day. I opened to the cafe

735
00:32:29,600 --> 00:32:32,800
Speaker 2: with her at five am every morning. We were so close,

736
00:32:33,280 --> 00:32:35,520
Speaker 2: when in reality, you just had something in common that

737
00:32:35,600 --> 00:32:38,200
Speaker 2: bonded the two of you together. And I just find

738
00:32:38,280 --> 00:32:41,200
Speaker 2: that so interesting because I was like in my late

739
00:32:41,240 --> 00:32:44,520
Speaker 2: teens being like, whatever, these are my best friends for

740
00:32:44,640 --> 00:32:48,560
Speaker 2: my whole entire life, And now I'm like, I do

741
00:32:48,600 --> 00:32:51,080
Speaker 2: not want to surround myself with those people. What are

742
00:32:51,120 --> 00:32:54,040
Speaker 2: you talking about? You are not like supportive or kind

743
00:32:54,120 --> 00:32:56,719
Speaker 2: or whatever you are that I want to surround myself

744
00:32:56,760 --> 00:33:00,760
Speaker 2: with now. And it's interesting because it can be heartbreaking

745
00:33:00,800 --> 00:33:03,720
Speaker 2: at the same time, because the loss of a friendship hurts,

746
00:33:03,840 --> 00:33:06,920
Speaker 2: it can suck. But I'm not saying that that's what

747
00:33:07,000 --> 00:33:09,640
Speaker 2: this you know listener should go through. But I think

748
00:33:09,680 --> 00:33:13,440
Speaker 2: it's just an interesting I guess segway into I guess

749
00:33:13,680 --> 00:33:17,000
Speaker 2: conversing back again about just stick to your boundaries, like

750
00:33:17,360 --> 00:33:19,840
Speaker 2: create boundaries with it and say, okay, cool, Well I've

751
00:33:19,880 --> 00:33:21,560
Speaker 2: worked out my budget and I can probably go out

752
00:33:21,560 --> 00:33:23,480
Speaker 2: like once a month, so you know, if there's a

753
00:33:23,480 --> 00:33:25,320
Speaker 2: few things you want to do, let me know what's

754
00:33:25,320 --> 00:33:27,240
Speaker 2: your fave, and like, I'll make sure that I come

755
00:33:27,280 --> 00:33:30,320
Speaker 2: to that one, or even just sharing the goal be like,

756
00:33:30,360 --> 00:33:34,480
Speaker 2: oh my gosh, I'm saving thirty thousand dollars and I'm

757
00:33:34,520 --> 00:33:36,480
Speaker 2: going to be doing this over the next three years

758
00:33:36,480 --> 00:33:38,560
Speaker 2: by saving ten thousand dollars in Oh my gosh, if

759
00:33:38,600 --> 00:33:40,680
Speaker 2: you break that up, that's twenty seven dollars fifty a day,

760
00:33:40,680 --> 00:33:42,800
Speaker 2: and oh my gosh, that just falls through your fingers

761
00:33:42,800 --> 00:33:46,040
Speaker 2: so easily. I think really contextualizing it, and I don't

762
00:33:46,080 --> 00:33:49,520
Speaker 2: think anyone should justify anything to anybody. We've spoken about

763
00:33:49,520 --> 00:33:52,080
Speaker 2: this on the podcast before. You do not owe anybody

764
00:33:52,080 --> 00:33:56,560
Speaker 2: in explanation for anything, but as a people pleaser. I

765
00:33:56,600 --> 00:33:57,240
Speaker 2: love doing that.

766
00:33:57,480 --> 00:33:59,880
Speaker 4: Yes, so let's give you the tools to do that proper.

767
00:34:00,440 --> 00:34:03,800
Speaker 2: But it is not an expectation. I think being able

768
00:34:03,840 --> 00:34:06,760
Speaker 2: to quote justify it in a way and just say, hey, like,

769
00:34:06,840 --> 00:34:08,480
Speaker 2: these are my goals, this is what I'm going to do,

770
00:34:08,600 --> 00:34:10,879
Speaker 2: this is what I want to do. Well, maybe make

771
00:34:10,920 --> 00:34:13,360
Speaker 2: your friends see that you are far more serious about

772
00:34:13,360 --> 00:34:15,080
Speaker 2: it than Oh, she's just got in her head that

773
00:34:15,160 --> 00:34:17,520
Speaker 2: she wants to buy a house. It's not going to happen.

774
00:34:18,040 --> 00:34:21,360
Speaker 2: Whereas you know, walking the walk can often make people

775
00:34:21,440 --> 00:34:23,840
Speaker 2: see that, oh, Jess is serious.

776
00:34:23,960 --> 00:34:25,440
Speaker 3: Yeah, and they adapt.

777
00:34:25,120 --> 00:34:28,440
Speaker 2: To this new version of you. Yeah, yes, slowly, and

778
00:34:28,520 --> 00:34:31,160
Speaker 2: we can all change and be different people and change

779
00:34:31,200 --> 00:34:33,919
Speaker 2: our goals. Like ninety five percent of our community said

780
00:34:33,920 --> 00:34:36,919
Speaker 2: that their financial goals have changed in the last few years. Yeah,

781
00:34:36,920 --> 00:34:40,480
Speaker 2: and I think that's really cool. But then also, who knows.

782
00:34:40,520 --> 00:34:43,480
Speaker 2: You might get halfway down this home buying journey and

783
00:34:43,800 --> 00:34:45,520
Speaker 2: save half a deposit and be like, I don't want

784
00:34:45,520 --> 00:34:48,680
Speaker 2: to do that anymore, and that's totally okay. I think

785
00:34:48,719 --> 00:34:51,080
Speaker 2: we need to be accepting of that as well. But

786
00:34:51,120 --> 00:34:54,680
Speaker 2: I just think friends should support friends. I think there's

787
00:34:54,719 --> 00:34:57,359
Speaker 2: the difference between FOMO like your friends just don't want

788
00:34:57,360 --> 00:34:58,920
Speaker 2: you to miss out. And now I just really want

789
00:34:59,000 --> 00:35:00,839
Speaker 2: Jess to come to the party. I just really want

790
00:35:00,960 --> 00:35:04,320
Speaker 2: Jess there because I bloody love Jess. And then there's judgment,

791
00:35:04,760 --> 00:35:07,000
Speaker 2: and I think those two things are very different, and

792
00:35:07,040 --> 00:35:08,920
Speaker 2: I think that we need to be able to decipher

793
00:35:08,960 --> 00:35:11,360
Speaker 2: them so that we don't feel like our friends are

794
00:35:11,440 --> 00:35:13,160
Speaker 2: judging us for being you know, Oh my god, I

795
00:35:13,200 --> 00:35:15,960
Speaker 2: can't believe dresses not doing that. She sucks so much.

796
00:35:16,400 --> 00:35:19,200
Speaker 2: And oh, my friend actually just really wants me there.

797
00:35:19,640 --> 00:35:23,000
Speaker 2: Maybe we could find a common ground. Why don't you

798
00:35:23,080 --> 00:35:25,879
Speaker 2: come to my place before We'll have a wine while

799
00:35:25,920 --> 00:35:28,120
Speaker 2: you get ready, and then you know, I'm not going

800
00:35:28,120 --> 00:35:29,920
Speaker 2: to drink that much. I'll drop you to the train station,

801
00:35:30,360 --> 00:35:33,000
Speaker 2: like I can still have that quality time with my friend.

802
00:35:33,080 --> 00:35:36,600
Speaker 2: So I think really working out what the underlying driver

803
00:35:36,760 --> 00:35:39,760
Speaker 2: of that conversation is is going to really help, because

804
00:35:39,800 --> 00:35:42,520
Speaker 2: if it is judgment, get in the bin. But if

805
00:35:42,520 --> 00:35:44,799
Speaker 2: it's not, it's really around. Oh, I just really want

806
00:35:44,840 --> 00:35:46,319
Speaker 2: to spend more time with you, and I only have

807
00:35:46,400 --> 00:35:49,880
Speaker 2: the weekends because I work all week. Ah, well, what

808
00:35:49,960 --> 00:35:52,520
Speaker 2: could we do? How can we spend more time together

809
00:35:52,600 --> 00:35:54,920
Speaker 2: in a way that services both of our goals.

810
00:35:55,040 --> 00:35:55,279
Speaker 5: Yeah.

811
00:35:55,320 --> 00:35:57,080
Speaker 2: Absolutely, that's a really really good point.

812
00:35:57,120 --> 00:36:01,440
Speaker 3: And I think that if let's say this community member

813
00:36:01,440 --> 00:36:05,359
Speaker 3: didn't actually say that they wanted to go out, still.

814
00:36:05,120 --> 00:36:07,560
Speaker 2: They kind of are prioritizing saving money.

815
00:36:07,600 --> 00:36:11,440
Speaker 3: But let's say hypothetically that's also a priority of theirs.

816
00:36:11,719 --> 00:36:15,000
Speaker 3: You don't have to really go out and drink. You

817
00:36:15,000 --> 00:36:16,640
Speaker 3: can maybe, I know this is really boring. You can

818
00:36:16,680 --> 00:36:17,720
Speaker 3: go have a soda water.

819
00:36:17,920 --> 00:36:22,640
Speaker 5: Or rap that.

820
00:36:22,880 --> 00:36:26,120
Speaker 3: Let's just have half water, or you could just like

821
00:36:26,200 --> 00:36:29,080
Speaker 3: have like house gallows. Try and shift it from going

822
00:36:29,080 --> 00:36:32,160
Speaker 3: out house gatheros. She's always been way cooler.

823
00:36:33,480 --> 00:36:35,719
Speaker 4: I thought gather was a lame word, but here we

824
00:36:35,760 --> 00:36:36,080
Speaker 4: all know.

825
00:36:36,120 --> 00:36:40,160
Speaker 2: I've just never been invited to a house gather. Thank you.

826
00:36:40,200 --> 00:36:43,000
Speaker 3: I would love because that's a lot cheaper. You know,

827
00:36:43,000 --> 00:36:45,359
Speaker 3: you grab a six pack of beers, you sit around

828
00:36:45,400 --> 00:36:48,480
Speaker 3: a bonfire, it's so much cheaper. So maybe like just

829
00:36:48,760 --> 00:36:51,240
Speaker 3: compromising with your friends and be like, hey, let's let's

830
00:36:51,280 --> 00:36:53,959
Speaker 3: just go to mind this this weekend, or let's do something.

831
00:36:54,040 --> 00:36:55,640
Speaker 3: Let's go to the park, Let's do something where we

832
00:36:55,640 --> 00:36:58,520
Speaker 3: can buy drinks at is a you know, an alcohol

833
00:36:58,520 --> 00:37:02,520
Speaker 3: store instead of going out paying twelve dollars per pint

834
00:37:03,239 --> 00:37:04,240
Speaker 3: as a about.

835
00:37:04,040 --> 00:37:05,759
Speaker 5: The bar kick somewhere that does a special like a

836
00:37:05,760 --> 00:37:08,440
Speaker 5: lot of places will do two for one Tuesdays or

837
00:37:08,440 --> 00:37:10,480
Speaker 5: stuff like that, like can you find if you really

838
00:37:10,520 --> 00:37:12,440
Speaker 5: don't want to give up that experience of going out,

839
00:37:12,440 --> 00:37:14,120
Speaker 5: if that is what you want to do, digger at

840
00:37:14,160 --> 00:37:16,120
Speaker 5: Like most places these days will do like a just

841
00:37:16,160 --> 00:37:18,640
Speaker 5: count night or a ladies Night or something. Make the

842
00:37:18,640 --> 00:37:22,239
Speaker 5: patriarchy work for you. Ladies night, cheaper drinks, sign me up.

843
00:37:22,440 --> 00:37:23,080
Speaker 4: Absolutely.

844
00:37:23,640 --> 00:37:25,960
Speaker 2: You guys are talking about alcohol and I'm over here,

845
00:37:26,040 --> 00:37:30,279
Speaker 2: I'm like, oh yeah, like Taco Tuesday, sing out of ten,

846
00:37:30,360 --> 00:37:32,040
Speaker 2: so it doesn't always have to be about alcohol. We

847
00:37:32,080 --> 00:37:35,800
Speaker 2: could go get the cheap tacos right Absolutely.

848
00:37:34,920 --> 00:37:38,080
Speaker 3: Cheap Tuesday at the cinemas, so good ten out.

849
00:37:38,200 --> 00:37:40,799
Speaker 2: Oh cheap Tuesday. Forgot about that. That's a good one

850
00:37:40,840 --> 00:37:43,120
Speaker 2: as well. And if you wear a big hoodie you

851
00:37:43,160 --> 00:37:45,319
Speaker 2: can stink your snacks in And I don't care what

852
00:37:45,360 --> 00:37:48,320
Speaker 2: people say. I will do that till I die. Absolutely.

853
00:37:48,640 --> 00:37:50,600
Speaker 2: I think that's all we have time for today, though, guys.

854
00:37:50,640 --> 00:37:52,799
Speaker 2: It has been a pleasure as always. Thank you for

855
00:37:52,840 --> 00:37:55,399
Speaker 2: coming to our International Women's Day events. If you came

856
00:37:55,440 --> 00:37:56,080
Speaker 2: to those.

857
00:37:55,920 --> 00:37:57,239
Speaker 5: Happy International Women's Day Week.

858
00:37:57,480 --> 00:38:02,239
Speaker 2: Yes I'm making win a month International Women's month longer. Yeah, like,

859
00:38:02,320 --> 00:38:04,960
Speaker 2: I don't care what people say. We are rallying for

860
00:38:05,040 --> 00:38:07,799
Speaker 2: that over the next few years. But have the best

861
00:38:07,800 --> 00:38:09,480
Speaker 2: weekend and we'll see you guys on Monday.

862
00:38:09,560 --> 00:38:14,799
Speaker 3: Bye, guys, Bye.

863
00:38:17,120 --> 00:38:19,640
Speaker 2: The advice shared on She's on the Money is general

864
00:38:19,719 --> 00:38:23,560
Speaker 2: in nature and does not consider your individual circumstances. She's

865
00:38:23,600 --> 00:38:27,080
Speaker 2: on the Money exists purely for educational purposes and should

866
00:38:27,120 --> 00:38:30,240
Speaker 2: not be relied upon to make an investment or financial decision.

867
00:38:30,680 --> 00:38:33,120
Speaker 2: If you do choose to buy a financial product, read

868
00:38:33,120 --> 00:38:36,480
Speaker 2: the PDS TMD and obtain appropriate financial.

869
00:38:36,040 --> 00:38:37,840
Speaker 4: Advice tailored towards your needs.

870
00:38:38,200 --> 00:38:42,160
Speaker 2: Victoria Divine and She's on the Money are authorized representatives

871
00:38:42,160 --> 00:38:46,040
Speaker 2: of Money Shoper Pty Ltd ABN three two one IS

872
00:38:46,080 --> 00:38:49,920
Speaker 2: six four nine two seven seven zero eight AFSL four

873
00:38:50,080 --> 00:39:03,600
Speaker 2: five one two eight nine