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Speaker 2: She's on the Money.
Speaker 3: She's on the Money. Hello, and welcome to She's on
Speaker 3: the Money, the podcast that lets you be pervy about
Speaker 3: other people's money stories for educational purposes, of course. Welcome
Speaker 3: back to another one of our Money Diaries episodes brought
Speaker 3: to you by our friends at sky Weld, where I
Speaker 3: get the absolute privilege of sitting down with one of
Speaker 3: our incredible shees on the Money community members and talking
Speaker 3: to them all about their journey. Let's jump straight into it,
Speaker 3: because this week I got a message and it sounded
Speaker 3: exactly like this. Hi Victoria, I'm thirty one, a nurse
Speaker 3: and a single mum, which wasn't exactly part of the plan.
Speaker 3: At thirty, I unexpectedly felt pregnant while working seventy hour
Speaker 3: weeks across multiple jobs. Money wasn't the problem, but everything
Speaker 3: else suddenly was. Overnight. I had to stop just earning
Speaker 3: money and start being intentional, budgeting, planning, building a safety
Speaker 3: net and figuring out how I can do this on
Speaker 3: my own. It's been messy, it's been overwhelming, but it's
Speaker 3: also been the joy of my life. Also, this forced
Speaker 3: me to get really clear on what I wanted my
Speaker 3: life to look like and how I was going to
Speaker 3: build it. It might not have been the plan, but
Speaker 3: I'm really proud of where it's landed. Money Darist, Welcome
Speaker 3: to the show.
Speaker 2: Nice speaking.
Speaker 3: I'm excited now before I dive into getting to ask
Speaker 3: you about your money story, I always ask what grade
Speaker 3: would you give your money habits if I asked you
Speaker 3: to give them a grade from A through to F
Speaker 3: probably C C. All right, I like it. Let's learn
Speaker 3: it a little bit more about that money, direst, Can
Speaker 3: you give us a little bit of an insight into
Speaker 3: what your money story looks like?
Speaker 2: So I'm thirty one? Howld it?
Speaker 3: I always forget how old I am. Like the other
Speaker 3: day I told someone that I was thirty. I'm not.
Speaker 3: I'm thirty four. I'm turning thirty five this year.
Speaker 2: I was pregnant from my last birthday, So didn't I
Speaker 2: couldn't eat my favorite foods.
Speaker 3: Yeah, no, no, no, it's like COVID timing. You skipped it.
Speaker 2: Yeah, didn't happen. We never went without anything. We got
Speaker 2: to go one family holidays and it was all pretty good.
Speaker 2: I had horses from when I was eight, and they
Speaker 2: are not a cheap hobby.
Speaker 3: So I was about to say, like courses to me,
Speaker 3: and I know that this isn't accurate rich person hobby.
Speaker 2: If we didn't have horses, we'd be rich. Yep. I
Speaker 2: definitely didn't go without. But yeah, I started work when
Speaker 2: I was I think fourteen, as soon as I could.
Speaker 2: I started work because I didn't go without anything. But
Speaker 2: if I wanted anything, extra, or if I wanted a
Speaker 2: pretty rug for the horses, had to buy it myself.
Speaker 3: Yeah, okay, yep, that's fair. I feel like that's a
Speaker 3: good line.
Speaker 2: Yeah. So I worked at a clothes shop regionally in
Speaker 2: a very small town to start with just like three
Speaker 2: hours a week, and then did like babysitting and would
Speaker 2: ride horses for people, so pretty much always had a
Speaker 2: few jobs.
Speaker 3: Wait, you can ride horses for other people as a
Speaker 3: side hustle. Yes, sorry, How much do you get paid
Speaker 3: or are you paying them?
Speaker 4: Like?
Speaker 1: That?
Speaker 3: Feels like a good deal if you're a horse person.
Speaker 2: At the time, wasn't a lot. I think my pay
Speaker 2: rate at the clothes shop I worked at was like
Speaker 2: thirteen an hour when I first started, so the horse
Speaker 2: money was not a lot. I did polo grooming for
Speaker 2: a bit, so we'd go away with nine horses and
Speaker 2: five kids. I was the nanny as well.
Speaker 3: Five kids. Nanny to five kids. Yes, my goodness, that
Speaker 3: sounds like a circus.
Speaker 2: Yeah, it was a bit wild. It was fun. But
Speaker 2: for that I'd get one hundred and fifty a weekend.
Speaker 2: Not great money, but it was a good time and
Speaker 2: I got to stay nice motels and love was at
Speaker 2: the polo every weekend, so it wasn't too bad.
Speaker 3: That is quite cool And if you're a horse person,
Speaker 3: that just feels like a good sitch.
Speaker 2: Yeah, And I was in high school, so I was
Speaker 2: away every weekend.
Speaker 3: So moving away from horses And like your first job
Speaker 3: growing up, what did you want to become? Like, did
Speaker 3: you go to UNI? Did you finish? Like what was
Speaker 3: the plan there?
Speaker 2: I've never really had a plan for a little bit.
Speaker 2: I wanted to be a heart surgeon and then I
Speaker 2: spoke to one and it was twenty years of studies.
Speaker 3: Isn't that crazy?
Speaker 2: So that put me off real quick. I was like,
Speaker 2: that is not for me. So then I thought nursing.
Speaker 2: I did my aion certificate through school, so once I
Speaker 2: finished school, I started that job and did that for
Speaker 2: nearly a year, and then I moved again and started
Speaker 2: UNI to do my RNs and got halfway through, but
Speaker 2: didn't love UNI and had three jobs which were paying,
Speaker 2: so I ended up leaving and I bought my first property.
Speaker 3: And in between all of that, you have had a
Speaker 3: baby as well, and you're a single mom, So like,
Speaker 3: I feel like we need to extrapolate that out a
Speaker 3: little bit because you're like, oh yeah, and like I
Speaker 3: did noticing that I bought a block of land and
Speaker 3: a lot of people are going to think, okay, that's
Speaker 3: a pretty linear journey. No, sorry, there's there's a baby
Speaker 3: in the mix, there's single mumm in the list. Tell
Speaker 3: me a little bit more about that, Like let's speed
Speaker 3: back up and kind of come into adulthood. So you're thirty,
Speaker 3: you're foll pregnant. It was a surprise.
Speaker 2: Yes, the doctors told me I would not have a baby.
Speaker 2: I've got fairly bad pcos, so I just didn't think
Speaker 2: it was an option. And I had ex's in the
Speaker 2: past and we'd tried and it hadn't happened, So I
Speaker 2: wasn't then very careful. It's living my best single life
Speaker 2: and I was meant to have this baby.
Speaker 3: Was that exciting or was that overwhelming? Like I have
Speaker 3: not been in the position where I found out I
Speaker 3: was pregnant without planning it, And even when I found
Speaker 3: out I was pregnant after planning it and desperately wanting it,
Speaker 3: there was this like overwhelming sense of oh no, what
Speaker 3: have I done? This is a very adult decision, Like
Speaker 3: I'm just a baby, What is going on?
Speaker 2: Yeah.
Speaker 3: What does it feel like finding out you're pregnant when
Speaker 3: you're single and you didn't think that you could get pregnant.
Speaker 2: I work night shifts. I was really hungry that night
Speaker 2: at work, and my friend was like, you're pregnant. And
Speaker 2: I was like, no, no, no, like I'm not late.
Speaker 2: I would normally go like twelve weeks between periods and
Speaker 2: that was normal, and I was only I think nine weeks. Yeah, okay,
Speaker 2: And I was like, no, it's fine, Like this is
Speaker 2: I'm always hungry just before my period. She's like, no, no, no,
Speaker 2: you're pregnant. And then just as I was about to
Speaker 2: do handover, I wanted to throw up, which I never do.
Speaker 2: I never feel sick in the morning. So I went
Speaker 2: home and took a test. Positive, and I was like,
Speaker 2: this is how did she know? I think she just
Speaker 2: wanted to not be the only one with a kid.
Speaker 3: She's like a manifesting her pregnancy for you.
Speaker 2: Yeah. So I got home, took the test, it was positive,
Speaker 2: panicked for a minute, and then I just went to bed.
Speaker 2: I was like, this is a problem for work tonight.
Speaker 3: I love that, and You're like, you know what, I'm
Speaker 3: not dealing with this I'm going to sleep and I
Speaker 3: will deal with this another time. Yeap, My goodness.
Speaker 2: So I woke up, went to work, and then just
Speaker 2: spiraled a little.
Speaker 3: Bit, as you would, because that wasn't part of the plan. No,
Speaker 3: And how pregnant were you when you found out?
Speaker 2: I found out on the Thursday and managed to get
Speaker 2: in on the Tuesday and they did a scan even
Speaker 2: so I think I was five weeks.
Speaker 3: That's so exciting. I mean, I think that's so exciting.
Speaker 3: But what does it look like when you're single, You know,
Speaker 3: you're a nurse, you're doing night shift. Like the lifestyle
Speaker 3: that you were leading obviously is very different to then
Speaker 3: finding out, Hey, so in like approximately nine months you're
Speaker 3: going to have a newborn. What was the shift that
Speaker 3: happened there?
Speaker 2: I was just so unsure about everything. I spoke to
Speaker 2: my best friend and she was like, no, you'll be fine,
Speaker 2: Like it's great. She didn't tell me straight away, but
Speaker 2: she was pregnant at the same time.
Speaker 3: God, how exciting.
Speaker 2: But I didn't find out for probably another month that
Speaker 2: she was pregnant. She didn't tell me for a while.
Speaker 2: I had a feeling she was, though, Yeah, but you.
Speaker 3: Never want to be the person that asks. I was
Speaker 3: the same with my best friend. I remember she came
Speaker 3: over to my house and I was thinking, there's something different,
Speaker 3: there's something different, like I can feel the vibe is
Speaker 3: off because it was.
Speaker 2: Just after New Year's and she wasn't drinking, and I
Speaker 2: was like, I bet. But then I knew she'd been
Speaker 2: trying for a while, or she'd been trying since August,
Speaker 2: and I was like, well, maybe she's just been healthy.
Speaker 2: But yeah, and I was just so unsure because it
Speaker 2: had just been the festive season and I didn't know
Speaker 2: I was pregnant, so I was eating all the things
Speaker 2: you shouldn't eat. I worked over Christmas, but I never
Speaker 2: worked for New Years, and I do all my drinking
Speaker 2: for the year on New Years. I just make up
Speaker 2: for it, right, Okay, Yeah, it's horrible timing, just lifestyle wise,
Speaker 2: but yet decided that she was meant to be here,
Speaker 2: so cut out the caffeine. And I was living on
Speaker 2: free workout because I work so much, so I cut
Speaker 2: out the caffeine and yeah, just got healthy. I guess.
Speaker 3: I love that. And on the financial side, like taking
Speaker 3: on the responsibility of becoming a mum and you're a
Speaker 3: single mum. So finding out you're pregnant, you were like, okay, cool,
Speaker 3: So the dad's not going to be part of this.
Speaker 3: That's a big financial responsibility. Can you tell me about
Speaker 3: the financial situation you were in when you found this out?
Speaker 2: My income was pretty good. I had three jobs. I
Speaker 2: was working about seventy hours a week.
Speaker 3: My goodness.
Speaker 2: The money coming in was not the problem. I had
Speaker 2: pretty much brand new house, had five acres for the horses, like,
Speaker 2: everything was set up. I just got it set up
Speaker 2: how I wanted it. I had a spa, and yeah,
Speaker 2: I had three jobs, so the money coming in was fine.
Speaker 2: But I had a huge mortgage and a car loan
Speaker 2: and a personal loan, so that made me anxious.
Speaker 3: Yes, what is your specific job and how much money
Speaker 3: do you earn?
Speaker 2: So I'm an assistant in nursing, working age care and
Speaker 2: at a hospital, and I also do bartending shifts every
Speaker 2: now and then.
Speaker 3: Okay, queen, And you said before that takes like, what's
Speaker 3: seventy hours a week or it was taking seventy hours
Speaker 3: a week.
Speaker 2: It was, so I was working seven nights a week
Speaker 2: and then I'd do two evenings at the pub and
Speaker 2: then I'd go get changed and go to the next
Speaker 2: job and do the night shift, and normally at least
Speaker 2: once a fortnight, I'd try and do a double shift
Speaker 2: at the aged care place that I work at, just
Speaker 2: because the overtime was very nice.
Speaker 3: So good. Yeah, Now tell me you were single, so
Speaker 3: you didn't have any real financial responsibilities. What possesses someone
Speaker 3: who's single to work seventy hours a week, like, will
Speaker 3: be building wealth, will be trying to retire to to morrow?
Speaker 3: Like what we just like work? What's going on?
Speaker 2: So I had a really big mortgage. I went through
Speaker 2: a financially messy breakup nearly three years ago. Yeah, so
Speaker 2: I had to buy my land back from him, which
Speaker 2: was great. So yeah, that added a lot to the mortgage.
Speaker 2: So reflecting on this, you've got three jobs. What were
Speaker 2: you earning between the three jobs? I think it was
Speaker 2: about two grand a week?
Speaker 3: So two grand a week like post tax, Yes, my goodness.
Speaker 3: And then you know what happens when you find out
Speaker 3: you're pregnant, Like you said that you felt kind of
Speaker 3: nauseous at your shift at the hospital. Did that become
Speaker 3: a thing that meant you had to pull back sooner
Speaker 3: than you thought you would, or were you Okay, how
Speaker 3: did that work?
Speaker 2: I only felt sick that one time, and then probably
Speaker 2: a few weeks later, I was only nauseous when I
Speaker 2: was hungry. Okay, I manifest that for everybody, so I
Speaker 2: didn't really have morning sickness. But I just had to
Speaker 2: eat constantly. I was so sick of chewing. I love that,
Speaker 2: but I wish I was in that situation every time
Speaker 2: the boss came around at night, I was just eating.
Speaker 3: Well, you were building a beautiful baby.
Speaker 2: And I didn't tell anyone for a while. I told
Speaker 2: like my best work friends pretty much straight away. So
Speaker 2: when I was like six weeks and then working in
Speaker 2: health too, I didn't want to be in any infectious rooms.
Speaker 2: I only really have to had to avoid shingles. But yeah,
Speaker 2: I didn't know what to avoid medically when I was pregnant,
Speaker 2: because it was not on my mind at all. No.
Speaker 3: I had a friend who did radiology and she basically
Speaker 3: had to tell them the second she got pregnant, because
Speaker 3: obviously that's not ideal in terms of a workplace. And
Speaker 3: I was like, oh, I wonder what that looks like.
Speaker 3: Do you have to tell them immediately or can you
Speaker 3: just like drag it out as much as possible. I mean,
Speaker 3: I didn't tell the internet that I was pregnant until
Speaker 3: I'd had the baby.
Speaker 2: Yeah. Well, I wasn't going to tell anyone. And then
Speaker 2: there was a suspected shingles case at the nursing run,
Speaker 2: so I told the bosses there pretty quick.
Speaker 3: Actually, Hi, I didn't want to tell you this, but
Speaker 3: now I'm forced.
Speaker 2: Yep. And I was like, oh, can I just not
Speaker 2: go there? And I think there was a COVID outbreak
Speaker 2: at the same time in a different area, so I
Speaker 2: was like, where can I go?
Speaker 1: Yeah?
Speaker 3: What can I do to avoid this as much as possible?
Speaker 2: Yeah? And they were really good.
Speaker 3: And then fast forwarding through your pregnancy, obviously you've got
Speaker 3: to have the baby. At what stage did you go
Speaker 3: on maternity leave and what did that process and that
Speaker 3: like kind of period look like for you.
Speaker 2: So I worked as much as I could. I had
Speaker 2: three weeks off, so thirty seven weeks I think I
Speaker 2: went on leave. I went on leave a little bit
Speaker 2: earlier than I wanted to because she was breached for
Speaker 2: a little bit and then she went the right way,
Speaker 2: so the doctor said, finish up a bit early and
Speaker 2: just rest.
Speaker 3: Yeah, and then she flipped yes, so I didn't have
Speaker 3: to do the where they flipper. Oh no, see I
Speaker 3: did that and that was traumatic. Yeah.
Speaker 2: I was in there ready to do it.
Speaker 3: Ah, and she was like quick, quick, flip flip. We
Speaker 3: don't want to do it. Yeah, how stressful. Yeah. At
Speaker 3: thirty seven weeks, I had to go and get Cami flip.
Speaker 3: And then I was so excited that she'd flipped back
Speaker 3: because this was my second baby and I was really
Speaker 3: hoping to have a vback birth and it was all
Speaker 3: really good. They flipped her and I instant relief, Like,
Speaker 3: because it was quite uncomfortable, you were probably feeling the same. Ye,
Speaker 3: get home, go to bed. So excited. The next day
Speaker 3: I felt her and she flipped straight back into breach
Speaker 3: and was like no, no, no, I was come for here, thanks, oh,
Speaker 3: which was so rude. And so I thought, oh my gosh,
Speaker 3: I'm going to end up having a planned caza because
Speaker 3: like having a breach baby, obviously that's what they kind
Speaker 3: of recommend. And then a week later she decided no, actually, mom,
Speaker 3: I'm gonna flip back again. And it was the most
Speaker 3: demonic thing I've seen in my entire life. When people say,
Speaker 3: how did you know she flipped. I was like, babe,
Speaker 3: you just.
Speaker 2: Know I didn't know how well. I just hadn't been
Speaker 2: pregnant before and she was always so active. Yeah, okay,
Speaker 2: and I just had nothing to compare it to. I
Speaker 2: was uncomfortable anyway, so yeah, I just had no idea.
Speaker 3: I think because I'm so short, she had to do
Speaker 3: arms and legs out the side and like basically like
Speaker 3: I watched it and it was vile. And I said
Speaker 3: to my husband after I said, I feel nauseous, and
Speaker 3: he's like, oh, do you want like some medication. I
Speaker 3: was like, no, no, no, like, I feel nauseous because
Speaker 3: I just watched that and it happened in my own body.
Speaker 2: And oh, ignorance is bliss. I didn't have a birth plan.
Speaker 2: I think that's what got me through. I had pelvic
Speaker 2: girdle pain pretty bad, so from about twenty I think
Speaker 2: that started at twenty six weeks. So from then on,
Speaker 2: I didn't do any double shifts because it was just
Speaker 2: I couldn't walk. But I was still trying to do
Speaker 2: the seven nights a week just to keep paying the
Speaker 2: bills because I hadn't moved at that point, and the
Speaker 2: mortgage at the time was I think eleven hundred a week.
Speaker 2: That's a lot, and I still had to work. I
Speaker 2: put the house up for sale I think in June,
Speaker 2: and it sold just before I went on leave. Yeah, okay,
Speaker 2: so I moved past thirty four weeks pregnant and was single.
Speaker 3: So doing it on your your own and was still
Speaker 3: worth Oh my goodness, you are a weapon. I love this.
Speaker 3: So you've moved house, you've settled down, You've made some
Speaker 3: really big money decisions because you've decided, all right, this
Speaker 3: baby is meant to be here. I'm meant to be
Speaker 3: a mom. I'm so excited for this. You've, you know,
Speaker 3: moved heaven and earth literally and you're still working like
Speaker 3: seven days a week, which, by the way, that's low
Speaker 3: key psychotic. I love it. I respect it, but that's
Speaker 3: a lot. Tell me, what now are your big money goals?
Speaker 3: What are you currently working towards just.
Speaker 2: Being able to not work as much. At the moment,
Speaker 2: I'm working five nights a week, got mom here helping,
Speaker 2: oh lovely to watch her overnight that she's on a
Speaker 2: waiting list for surgery. So the days are a bit tricky. Yeah,
Speaker 2: because my baby's so active, and.
Speaker 3: How old is your baby?
Speaker 2: Now nearly seven months.
Speaker 3: And when did you go back to work?
Speaker 2: About a month ago? Yeah?
Speaker 3: Okay, And how is that going?
Speaker 2: Work? Itself? Is good? Yeah, because she sleeps at night,
Speaker 2: so I don't feel like I'm missing anything. But yeah,
Speaker 2: during the days tricky. And then finding the balance with
Speaker 2: mum not being in too much pain and me getting
Speaker 2: enough sleep that's a bit harder. And I also have
Speaker 2: ten pets.
Speaker 3: Ten pets. Sorry, why didn't you tell me about this
Speaker 3: to begin with? Tell me what are your ten pets?
Speaker 2: So I've got four horses, one sheep, and two dogs
Speaker 2: and three rabbits.
Speaker 3: Oh my goodness, I love that. But that would cost
Speaker 3: you a lot of money per month to feed them. Yeah,
Speaker 3: what does that budget look like at the moment.
Speaker 2: It's not too bad because I've bought ten acres with
Speaker 2: a lot of feed on it.
Speaker 3: Oh my goodness.
Speaker 2: So I'm only feeding one horse at the moment and
Speaker 2: the rabbits.
Speaker 3: Yeah, okay, and tell me a bit more. I know
Speaker 3: that you live regionally. I don't want to know where
Speaker 3: you live, but I want to know what does ten
Speaker 3: acres cost where you are? Because I feel like saying
Speaker 3: I bought ten acres in my suburb that's never going
Speaker 3: to be financially possible. What does that cost and what
Speaker 3: does that look like?
Speaker 2: It cost me four hundred and twenty thousand, and I'm
Speaker 2: very I'm basically I think it's like a two kilometer walk,
Speaker 2: oh my goodness, not that I do walk, but from
Speaker 2: the block to the small town I live in. It's
Speaker 2: got like a food works, a pub, it's got everything
Speaker 2: you need, but not a lot. And then it's about
Speaker 2: fifty kilometers to the main town where I work.
Speaker 3: And yeah, yeah, okay, how cool is that? All Right,
Speaker 3: We're going to take a really quick break, and on
Speaker 3: the flip side, I want to dive into what your
Speaker 3: debt looks like or what you're doing for investments, and
Speaker 3: then I want to talk about your best and worst
Speaker 3: money habits because I feel like we can learn a
Speaker 3: lot from you. So, guys that don't go anywhere, all right,
Speaker 3: money direst We are back, and I want to talk
Speaker 3: about investments. So you've just bought ten acres for four
Speaker 3: hundred and twenty thousand dollars, which I feel like is
Speaker 3: a pretty good money win. Do you see that as
Speaker 3: an investment or do you see that as like, oh no,
Speaker 3: Victoria that's not an investment. That's just kind of like
Speaker 3: my home because that's a lot of space.
Speaker 2: A very long term investment. Yeah, not planning on moving
Speaker 2: anytime soon. Just an increase in value and.
Speaker 3: For investing across the board. Your she's on the money girl.
Speaker 3: You know I'm gonna ask could you invest in any
Speaker 3: other way?
Speaker 2: I've got a very small amount in shares is I
Speaker 2: think just under two hundred dollars I've put in, But
Speaker 2: I've got three dollars in the earnings bit, so a
Speaker 2: tiny little bit in there. When I get a bit
Speaker 2: of spare money, I started.
Speaker 3: Yeah, we love to see it, but also that's the
Speaker 3: hardest part, Like actually downloading the app and starting to
Speaker 3: put money in, I think is actually like the biggest
Speaker 3: hurdle to investing. And I understand why you haven't prioritized it.
Speaker 3: You've just gone through literally so much. Where's the money
Speaker 3: going to come from to invest?
Speaker 2: Yeah? So I just put in little bits, probably like
Speaker 2: fifty dollars every now and then sometimes I put in
Speaker 2: like five dollar.
Speaker 3: Love, and what does your superranuation look like? Because I
Speaker 3: feel like so many of us forget that that's a
Speaker 3: legitimate investment and you've been working since you were fourteen,
Speaker 3: so I feel like that might be plodding along nicely.
Speaker 2: I just checked it and there's just over eighty four thousand.
Speaker 3: Okay, that is really good for your age and better
Speaker 3: than the average for your age. So that's looking very sexy.
Speaker 3: We like to see it.
Speaker 2: Yeah, that's good. That makes me feel a bit better.
Speaker 2: And I've just started putting in five dollars a week,
Speaker 2: so like topping it up a little bit. Yeah, I
Speaker 2: think I'm putting ten dollars extra, like I've just started that.
Speaker 3: Yeah, that's very cool. And are you doing that through
Speaker 3: your employer or are you just like chucking some extra
Speaker 3: cash in there just a transfer. Yeah that's fair because
Speaker 3: I feel like it is a bit of a commitment
Speaker 3: when you're like, oh, I really want to do that,
Speaker 3: but what if I need the cash, like I might
Speaker 3: just manually transfer it. Make sure that you're keeping track
Speaker 3: of that, though, because at tax time you can claim
Speaker 3: those contributions, like the tax on those contributions back. So
Speaker 3: don't go, oh, it's not worth it. It was only
Speaker 3: like five or ten bucks. No, it will add up
Speaker 3: over time.
Speaker 2: Yeah, because I have quite a big tax bill from
Speaker 2: last year, so I'm maybe that's a big goal at
Speaker 2: the moment, trying.
Speaker 3: To smash that down.
Speaker 2: Yeah.
Speaker 3: Yeah, fair. So talk to me about debt. You mentioned that,
Speaker 3: you know, when you found out you were pregnant, you
Speaker 3: had a car loan, you had a personal loan, you
Speaker 3: had a mortgage. What does your debt situation look like now?
Speaker 2: Yeah? So I sold my last property and had enough
Speaker 2: of a profit from that to pay out the car
Speaker 2: loan and the personal loan.
Speaker 3: Oh how good's that?
Speaker 2: Yes? Very good?
Speaker 3: And sorry I need to backtrack. That's the property that
Speaker 3: you had to buy your ex partner out of. Yes,
Speaker 3: and you still made a profit.
Speaker 2: Oh how good is a relief? Yeah? Love? So, Yeah,
Speaker 2: paid out the other debts I put down I think
Speaker 2: one hundred and ten thousand dollars deposit on the new property.
Speaker 2: So the mortgage is three hundred and thirty on that.
Speaker 2: And because of the timing of going on leave and everything,
Speaker 2: I had to borrow a little bit more through a
Speaker 2: personal loan just to build like a grunny flat on
Speaker 2: the block of land. Yeah, so I've got I think
Speaker 2: it's eighty thousand in personal loans and three hundred and
Speaker 2: thirty in the mortgage. Is my only debt at the moment.
Speaker 3: But the personal loan is kind of a property loan
Speaker 3: but not is that right? Yeah, yeah, you wouldn't say, oh,
Speaker 3: it's because I am shopping. It's actually just a part
Speaker 3: of building your home.
Speaker 2: Yes, And with the timing of it, because of my pacelips,
Speaker 2: I couldn't refinance the mortgage at the time.
Speaker 3: No, you wouldn't have been able to because you would
Speaker 3: have been on matt leave.
Speaker 2: Yeah. Hopefully now I'm back at work, I can refinance
Speaker 2: the personal loan onto the mortgage, just to reduce the repayments.
Speaker 3: Yeah, and you absolutely like not giving advice because I'm
Speaker 3: not allowed to do that, But as someone who owns
Speaker 3: a mortgage breaking business, I believe you're able to as well,
Speaker 3: because you would have had. Banks are real tricky with
Speaker 3: maternity leave. They're like, no, no, no, we won't give
Speaker 3: you a loan on maternity leave. But then when you
Speaker 3: come back the second you're back in full time working,
Speaker 3: you're basically good to go again, so you don't have
Speaker 3: to like do any like oh six month wait. Like
Speaker 3: you know how when people get new jobs sometimes you
Speaker 3: have to wait for probation to be over to get
Speaker 3: a loan. That doesn't apply to you. So you could
Speaker 3: literally go to your mortgage broker tomorrow and be like, hey,
Speaker 3: can I fix this up? And low key I would
Speaker 3: because interest rates are cooked at the moment.
Speaker 2: Yes, He's told me. I just need a pacelip from
Speaker 2: each job. Yep, easy, easy, because of how I get paid.
Speaker 2: I'm still waiting on the pace lips.
Speaker 3: Yeah, yeah, fair. I was like, please fix that up
Speaker 3: soon because you'll be saving so much.
Speaker 2: In interest totally next week.
Speaker 3: Yeah, okay, okay, I love that. And to talk to me,
Speaker 3: there's obviously a lot of responsibility in your life. Horses,
Speaker 3: bay Bees property. Do you have personal insurances if not?
Speaker 3: Why not?
Speaker 2: Yes? Through my Super yep. Cool, I've got income insurance,
Speaker 2: death and total permanent disability.
Speaker 3: Yeah. And is that something that you've revisited since having
Speaker 3: a baby or is it something that you're like, that's
Speaker 3: life admin, Victoria.
Speaker 2: I double checked that the payouts would cover the mortgage,
Speaker 2: very nice, and they do so yeah, I've just left
Speaker 2: it yep, but yeah, everything's covered.
Speaker 3: So I love that. I get so angsty when people
Speaker 3: are like I just have it through Super and I'm like, yes, okay,
Speaker 3: that's perfect, like good stuff. But do you know how
Speaker 3: much is in there? And most people will say, oh, no,
Speaker 3: I just assume it will be like enough, and I'm like,
Speaker 3: most of the time it's not. But you've done your
Speaker 3: due diligence and made sure she's good. I love that.
Speaker 3: Please everybody do that.
Speaker 2: And then I've got separate horse insurance, sorry, horse insurance
Speaker 2: if I have an accident with the horses, because my
Speaker 2: superinsurance doesn't cover if I get hurt with them. Yeah,
Speaker 2: I've got separate insurance that covers horse related injuries if
Speaker 2: that happens.
Speaker 3: That is news to me. I didn't even know you
Speaker 3: could get horse insurance.
Speaker 2: Yeah.
Speaker 3: I love that. All right, Well tell me because I
Speaker 3: know that I'm running out of time. You've got a
Speaker 3: baby that you need to get back to. You are
Speaker 3: pretty good at money. I feel like your work ethic
Speaker 3: is second to none, working seventy hours a week and
Speaker 3: then trying to maintain that while pregnant. Like, girl, you
Speaker 3: are a weapon. I love this. What do you think
Speaker 3: is your best money habit?
Speaker 2: Well, in the past, if I've had a big bill,
Speaker 2: I would just pick up an extra shift. I don't
Speaker 2: know if that's a.
Speaker 3: Habit, but I think it's a positive habit.
Speaker 2: Yeah, I'll just pick up an extra shift. Now it's
Speaker 2: a bit harder to do that, so I'm trying to
Speaker 2: build up the savings a bit more.
Speaker 3: Yeah, no, love that, And I want to be real
Speaker 3: pervy now that you're back at work, obviously, care of
Speaker 3: a child is a lot. Are you planning on sending
Speaker 3: her to daycare or are you planning on, like what
Speaker 3: does the care pathway look like moving forward? Because I
Speaker 3: feel like you've got such a big work ethic that
Speaker 3: being back at work is important to you as well
Speaker 3: as financially important to you. But like you mentioned as
Speaker 3: well that your mum's having a surgery soon, so that
Speaker 3: feels maybe not as sustainable. So what does that look
Speaker 3: like into the future.
Speaker 2: I think I've worked out once I refinance the person loans,
Speaker 2: I can do four nights a week, and I think
Speaker 2: the seneling payments would make up the difference and I'd
Speaker 2: be slightly better off working less than if I worked
Speaker 2: five days a week and center to daycare yea for
Speaker 2: the five days. So I think that's the plan once
Speaker 2: the refinancing is done.
Speaker 3: Talk to me just like side note, I'm always so
Speaker 3: pervy on like I am in a very lucky position
Speaker 3: where my job can be done during business hours. So
Speaker 3: for us, daycare works. But you've done a lot of
Speaker 3: night shifts and stuff, and I'm sorry daycare isn't actually
Speaker 3: open from seven pm. Tell me about how that works
Speaker 3: or like the options that might be available to you,
Speaker 3: because obviously you're like, Mum's going to be here and
Speaker 3: you know that will work better, But how do you
Speaker 3: manage that? Like what does that look like? And are
Speaker 3: there other care options available or is it just a
Speaker 3: work it out?
Speaker 2: Still a lot to work out. Locally, there is childcare.
Speaker 2: I think they open at eight thirty, which wouldn't allow
Speaker 2: me to do a morning shift locally.
Speaker 3: Eight thirty, that's wild, most people are starting work.
Speaker 2: Yeah, very small town. Yeah, okay, all right, so locally
Speaker 2: childcare and shift work wouldn't work. But if I go
Speaker 2: into the main town, I can drop her off at
Speaker 2: six thirty, okay, to start work at seven, But then
Speaker 2: it's a lot more travel.
Speaker 3: Yeah, absolutely, But is that a bad thing? I don't know.
Speaker 3: I've just got lots of questions. But is that a
Speaker 3: bad thing if you're already heading in there, Like, I
Speaker 3: don't know, it's just a bit chaotic.
Speaker 2: It's a lot to work out, especially with fuel prices.
Speaker 2: Oh yes, at the moment, and the night shift, I
Speaker 2: get paid a lot more than day's shift.
Speaker 3: Yept.
Speaker 2: Lots to work out there.
Speaker 3: Well, I wish you the best of luck. Tell me,
Speaker 3: I want to know, what do you think your worst
Speaker 3: money have it is? I don't know if you've got any.
Speaker 3: You seem pretty switched on.
Speaker 2: I think I'm getting better now that I can't just
Speaker 2: pick up a double shift. I need to. I'm very
Speaker 2: good at online shopping and having nice things, so I
Speaker 2: need to get better at saving.
Speaker 3: Yeah, very fair, very fair.
Speaker 2: And having a backup plan because already I just had
Speaker 2: a week off work because my baby was sick.
Speaker 3: Yeah, and that's rough.
Speaker 2: And because I've just started back, I've got no.
Speaker 3: Leave so yeah, okay, And that I feel like that's
Speaker 3: where it starts to really become a challenge because you
Speaker 3: don't have that second co parent to kind of lean
Speaker 3: on and negotiate. All right, well, I've taken leave from work,
Speaker 3: it's your turn. Rah rah. Like you end up in
Speaker 3: a bit of a pickle because you're like, well, it's
Speaker 3: just me and that's perfect for your situation. But at
Speaker 3: the same time, it's like, ah, financially, that's going to
Speaker 3: mean that we may be needing to budget a little
Speaker 3: bit tighter and be a little bit more aware.
Speaker 2: Yeah, need to stick to the budget.
Speaker 3: And I don't think that's a bad thing.
Speaker 2: No, it's a very good thing. I'm just not used
Speaker 2: to doing it.
Speaker 3: I'll set you up with a money master class, but
Speaker 3: I want to know because we've just had this very
Speaker 3: cool conversation, Like you're thirty one, didn't think you could
Speaker 3: have kids, got pregnant, get to do it on your own,
Speaker 3: was working seventy hour weeks, and like you've hustled up
Speaker 3: all of this just cool stuff in your life. And
Speaker 3: you're like, oh, I think I'm a C. If I
Speaker 3: had read this story back to you, would you go
Speaker 3: that lady's as c or do you think that maybe
Speaker 3: you're being slightly harsh on yourself?
Speaker 2: Maybe be harsh on myself. But I definitely need to
Speaker 2: change my habits now that I have a child, And
Speaker 2: that's okay.
Speaker 3: But that doesn't mean that you're bad at money. It
Speaker 3: just means we need to change the way things work
Speaker 3: because what previously worked isn't going to work anymore. And
Speaker 3: that's cool. But that doesn't mean you're bad at it.
Speaker 3: I feel like a c that's not representative. Like, I'm
Speaker 3: just super proud of you. I just think this is
Speaker 3: so cool, the fact that you're like, Nope, I can
Speaker 3: do it myself. And you know, my biggest problem is
Speaker 3: I can't pick up a double shift. I'm like, queen, Like,
Speaker 3: the last thing I would be thinking of when I
Speaker 3: had a six month old is picking up a double shift.
Speaker 3: Like that's crazy to me, but in the best of ways.
Speaker 2: Thank you.
Speaker 3: I love it well. Thank you so much for sharing
Speaker 3: your journey with us and with the She's on the
Speaker 3: Money community. I have a joed getting to know you.
Speaker 3: It's been really fun. But at the same time, I'm
Speaker 3: just I'm really proud that there are such cool people
Speaker 3: and such cool mums in our community just like hustling
Speaker 3: it up, you know, like sorry when you said I
Speaker 3: bought back my property from my ex and then you know,
Speaker 3: still made a profit on it when I sold it
Speaker 3: three years later, Like you're switched on. I love this.
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Speaker 4: is general in nature and does not consider your individual circumstances.
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Speaker 4: read the PDS TMD and obtain appropriate financial advice tailored
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