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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 On the Money, the podcast

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Speaker 2: Millennials who want Financial Freedom. My friends, today is Friday,

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Speaker 2: which means we are back and it is time to

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Speaker 2: get our little team together to celebrate you, our incredible

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Speaker 2: She's on the Money community today, Miss Bech Sayeed is

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Speaker 2: going to be sharing her broke Broke tips. Mister Grici,

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Speaker 2: She's back with her money wins and confessions from the community.

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Speaker 2: We're going to be helping to answer a juicy money dilemma,

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Speaker 2: which this week is all about what you should be

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Speaker 2: doing with an inheritance, and we're going to be unpacking

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Speaker 2: something that you slid into our dams about which this

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Speaker 2: week we're chatting about sharing rent and bills with a partner,

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Speaker 2: which I think can be a little bit of a

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Speaker 2: fickle topic for some. But as you guys know, I

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Speaker 2: have been off for a little while. I've been just

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Speaker 2: having a baby. Which turns out he's decided to join

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Speaker 2: the show today his carrier. He has been perfectly asleep

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Speaker 2: up until right now, and he's decided, ah, here that

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Speaker 2: there's a mum talking, and there's a Jess, and there's

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Speaker 2: a Beck, and I want to be involved. So you

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Speaker 2: any squeaks or little moans, it's from a sleeping baby

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Speaker 2: called hearty because I had a boy in my friends

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Speaker 2: it's so cute. Or maybe me and me or Jess

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Speaker 2: my fall a sleep at some point. Yeah, but that's

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Speaker 2: so hard to like if I start singing or swaying,

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Speaker 2: please just cut that out of the episode. But how

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Speaker 2: have you been? Oh my god, everyone's back together, excited

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Speaker 2: and allowed to be back. Our guests weren't so exciting

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Speaker 2: that you wanted to kick me off the show and like,

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Speaker 2: just do guests forever? Not at all like, well, we checked,

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Speaker 2: they were actually busy. Yeah, yeah, we did check.

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Speaker 3: We did offer some which we tried some contracts and stuff,

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Speaker 3: but unfortunately nothing worked out.

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Speaker 2: Now, oh my gosh, I'm so sorry that that happened

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Speaker 2: to you, guys. I will let you know that I

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Speaker 2: am going to go on a holiday soon and so

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Speaker 2: I'll give you a few extra guests for that period

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Speaker 2: of time. But after that, I'm back for good. Okay,

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Speaker 2: So apologies in advance for the chop shop of she's

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Speaker 2: on the money at the moment, but I wanted to

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Speaker 2: come back. I didn't want to, like keep doing the

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Speaker 2: guest episode thing. I did one a few weeks back

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Speaker 2: with you guys, and then I'll go on holiday and

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Speaker 2: you will watch via my Instagram stories and then I'll

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Speaker 2: be back.

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Speaker 3: Okay, okay, that's so fine. I'm happy that you're back.

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Speaker 3: I really missed out all about dynamics together, like this

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Speaker 3: is how it's meant to be.

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Speaker 2: We're a good little team. Uh yeah, I really like this.

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Speaker 2: I like us, And I mean that's biased because I

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Speaker 2: am us. I feel like other people could validate that though,

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Speaker 2: But let's get into the episode. I am very excited.

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Speaker 2: I feel like I've missed out on a lot. Beck,

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Speaker 2: if you've got some broke tips for us this week?

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Speaker 2: If so, what are they? Can you share with the team?

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Speaker 2: Of course I can. Okay, So these are a little

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Speaker 2: bit unhinged, and I just want to say I expected

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Speaker 2: to be completely hinged by the time I returned.

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Speaker 3: True, I was that was my goal. I was like,

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Speaker 3: when Victoria gets back, I'm going to impress her.

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Speaker 2: With another broke tip. Exactly exactly. I do want to say.

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Speaker 3: When I started the broke tips thing, I was like,

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Speaker 3: I'll share my own, which I quickly realized We're a

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Speaker 3: little bit too unhinged. So I'm going to go back

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Speaker 3: to that. Okay, But anyway, Love, you'll see what I mean.

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Speaker 3: So firstly, we have two from the community. The first

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Speaker 3: one comes from Chesney. I hope I'm saying that right,

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Speaker 3: Chesney says, And this is again something I have mentioned before,

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Speaker 3: but we have a new addition to what I mentioned.

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Speaker 3: So get a library card. You can get audiobooks for free.

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Speaker 3: We have mentioned Libby, but this is a new one

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Speaker 3: I had not mentioned before. I did not know about

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Speaker 3: borrow box. Has anyone heard of that before?

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Speaker 2: No, you're right, this is new Becky is good at

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Speaker 2: trying to recycle, but this is not recycled. When this

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Speaker 2: is new and fresh, it is reduced for use.

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Speaker 3: Recycle, they want to say, So borrowbox is I believe

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Speaker 3: it's essentially the same thing. You can also get fifteen

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Speaker 3: hours of audiobooks, of course for free with Spotify Premium.

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Speaker 3: You can also have more than one library card, so

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Speaker 3: if you join multiple times, if they don't have what

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Speaker 3: you want, you can ask like more libraries and more.

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Speaker 2: You could borrow cheese on the money from multiple places.

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Speaker 2: True true, get it back to back to back.

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Speaker 3: You could just read it over and over and over

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Speaker 3: again till it seems exactly.

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Speaker 2: I would like people to consume my books three out,

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Speaker 2: one more out very soon if you haven't pre ordered it.

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Speaker 2: It's out. Money Diaries is coming out at the start

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Speaker 2: of May, which is very very exciting, very exciting.

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Speaker 3: So that's a good one borrow Box, so have a

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Speaker 3: little googs. The next one comes from Bridget who says

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Speaker 3: that some airlines let you purchase your checked baggage using

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Speaker 3: your airline miles instead of cash.

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Speaker 2: So I'm booking a flight on a budget.

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Speaker 3: You can book the basic economy seat, which is always cheaper,

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Speaker 3: but it doesn't include the free checked bag, So use

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Speaker 3: your miles to save some money.

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Speaker 2: I didn't realize that was a thing's smart. I didn't

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Speaker 2: realize to do that totally. Would have been nice for

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Speaker 2: you to give me that tip before I booked my.

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Speaker 4: Flights, literally me in America last year, paying like one

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Speaker 4: hundred and fifty dollars you don't wait baggage.

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Speaker 3: I was, oh, my goodness, because I'd stucked up on pumpkins.

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Speaker 2: It was, it's so funny, what we're not joking? She

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Speaker 2: went to where was it Target, Target in the US,

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Speaker 2: and she bought a whole heap of these plastic, hollow

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Speaker 2: pumpkins because Australia doesn't have that much Halloween decorations. And

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Speaker 2: you do love a theme, just doesn't love a thing.

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Speaker 2: Jess is the theme, like she is the moment. She

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Speaker 2: needed her pumpkins. We were all very supportive of it,

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Speaker 2: but we all laughed a lot when the pumpkins cost

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Speaker 2: her a lot of money to get home. And that

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Speaker 2: wasn't just one hundred and fifty dollars back, it was

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Speaker 2: one hundred and fifty usd Oh, that's like three hundred

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Speaker 2: dollars something. Yeah, it was don't don't tell it. Sorry,

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Speaker 2: we decided not to work that out. Next time, I'll

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Speaker 2: use my airline for it.

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Speaker 3: Yes, good idea, or maybe no pumpkins, but whatever.

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Speaker 2: Ridiculous we need to bring the pumpkins.

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Speaker 3: That's so true. Okay, so my tip is very on topic. Actually,

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Speaker 3: so this might help you in the future. And this

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Speaker 3: is something I have always done, but I've never actually

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Speaker 3: acknowledged it until I saw this airline baggage broke tip

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Speaker 3: come through. So what I do every single time I travel.

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Speaker 3: I am scared of aeroplanes, so it's not often, but

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Speaker 3: when I do, I will usually just take one bag

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Speaker 3: with me and the way I do that like, and

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Speaker 3: it usually has no clothing in it because what I

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Speaker 3: do is I wear several pairs of underwear, several pairs

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Speaker 3: of stocks. I promise you, several pairs of pants shirts

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Speaker 3: in that way. That way, I don't have to put

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Speaker 3: any clothes in my bag.

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Speaker 2: Why beck Best, Yes, Hippy, surely you've got enough space

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Speaker 2: for the undies. I probably do, Like, surely there's enough, Jesse,

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Speaker 2: are right, It's so I'm literally crying. I'm so sorry.

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Speaker 2: Several pairs of shoes. No, you don't you don't wear

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Speaker 2: multiple don't take it? Actually do and this is because

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Speaker 2: I'm like so niced to it. Why, well, like the

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Speaker 2: undies are like your undies that they don't fit down

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Speaker 2: the side in the bag that your carriage. You're done crying, guys, But.

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Speaker 4: You said the thing that you said, the bag is empty?

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Speaker 2: Hold us, what's in the bag? Your stuff in the

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Speaker 2: bag's empty? But what are you putting in the bag? So, buddy,

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Speaker 2: so all your other things?

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Speaker 3: So like let's say, like when I do this, that

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Speaker 3: means I don't have to have any checked baggage.

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Speaker 2: You know what, I don't have to go and check

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Speaker 2: any bag. But you know you can have carry on, right,

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Speaker 2: you can carry on one baggage all all the.

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Speaker 3: Stuff, everything I've ever needed is in the carry on

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Speaker 3: and all my clothes are of my body.

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Speaker 2: Yeah, but like, is there not any room left in

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Speaker 2: the carry on? Like both Jess and I chronic overpackage.

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Speaker 2: Like we know we are the worst, okay, but but

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Speaker 2: if we are going to Sydney for the weekend, you

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Speaker 2: best believe both of us can pack just to carry

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Speaker 2: on and get this back our clothes in the carry on.

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Speaker 4: How long are you talking about like, how long of

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Speaker 4: a trip are you doing this?

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Speaker 2: Like' just headed off to the US, and She's got.

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Speaker 5: Usually like I'll do this if I'm like I don't

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Speaker 5: usually go overseas, but if I do, all do this,

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Speaker 5: you know, and then I'll just kind of like sort

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Speaker 5: it out when I get there.

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Speaker 2: But then do you have to then wash all pairs

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Speaker 2: of nickers or do you detail clean because they've technically

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Speaker 2: had a barrier of nickers between them. Yeah, well anything

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Speaker 2: after the second pair, Yeah, I agreed, And then I

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Speaker 2: am so concerned about your mental health right now.

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Speaker 3: But also, this is the other thing too, is that

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Speaker 3: my partner, my girlfriend.

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Speaker 2: I remember when this was like full secret. I know

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Speaker 2: now it's not a secret. That's all spam each other

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Speaker 2: on Instagram and I'm like, oh yeah, real subtle guys.

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Speaker 2: It's actually really like low Keino.

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Speaker 3: Would really thousand people. But yeah, so she often like

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Speaker 3: goes and she will like way back ahead of time.

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Speaker 3: But sometimes you just get stuck and you go when

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Speaker 3: you get on the plane, you don't realize but you're

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Speaker 3: actually like a kilo or over and that might be

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Speaker 3: like one hundred bucks.

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Speaker 2: I don't know.

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Speaker 3: I don't know how much it costs because it's never

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Speaker 3: happened to me because I'm always wearing.

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Speaker 2: But like what if what if yes go where you

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Speaker 2: just underpack? Like what if you if you everything in

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Speaker 2: your suitcase and then if you got there and it

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Speaker 2: was over, then I would be like, oh, you can

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Speaker 2: put your jacket on or you can put an extra

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Speaker 2: top on it. That point, I think we've.

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Speaker 4: All done the airport shuffle, like for sure, and the

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Speaker 4: bags and that'll be.

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Speaker 2: One hundred dollars. You go, no, sir, no, sir, I

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Speaker 2: will make this way and then you put every But

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Speaker 2: that's why.

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Speaker 3: Jack, I'm just too awkward. I'd be like, oh, yes,

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Speaker 3: I've paid for that. So that's why I have to

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Speaker 3: do it ahead of time.

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Speaker 2: I just broke tips. And if anyone can tell our

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Speaker 2: producer doesn't okay them before they get to the show.

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Speaker 3: We literally just stopped doing that. That's why I'm like,

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Speaker 3: I'm going to go.

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Speaker 2: I'm going I like it. I like it. It's a

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Speaker 2: good chip. It's one that I probably won't take my shot,

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Speaker 2: but someone out there might be really interested in that.

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Speaker 2: Speaking broke tips though, our friend Indy Simmons has she

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Speaker 2: started a new podcast, Yes and You Went on it recently,

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Speaker 2: didn't you? I sure did. Beck what's it called cheap skates?

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Speaker 2: And what do you talk about on cheap skates?

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Speaker 3: So she will kind of like get a true story.

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Speaker 3: She's always telling true stories about a very like, you know,

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Speaker 3: a cheap skate of any kind, and they usually quite

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Speaker 3: outrageous stories, more than just wearing oil clothes on the plane.

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Speaker 2: And yet like they're way better, yeah, way better. This

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Speaker 2: is my way of making up for our terrible broke

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Speaker 2: tips is to give you a better podcast.

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Speaker 3: Exactly exactly, and so you'll go on only she does

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Speaker 3: has two episodes out now, but she has many more

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Speaker 3: in the bank, so just keep an iron ear out.

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Speaker 2: She's had Marley from Big Brother.

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Speaker 3: I'm not sure if anyone remembers, but I certainly do

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Speaker 3: because he's very good looking. And then we have myself,

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Speaker 3: I have a girlfriend. Step back, I know, Oh my goodness,

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Speaker 3: what I'm talking about? Cut that out please, And then

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Speaker 3: we have Alex Water's a comedian and etcetera, etcetera.

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Speaker 2: So she's a very well connected lady, and as a

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Speaker 2: friend of the show, I feel like it only makes

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Speaker 2: sense to promo her pod because it's about cheapskates.

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Speaker 1: To.

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Speaker 2: We'll put a link to her show in our show

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Speaker 2: notes so you can go and check it out. But

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Speaker 2: it's very, very cool, and I'm very excited about it

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Speaker 2: because they're the pervy stories that everyone wants to hear,

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Speaker 2: especially when it's about money. Yeah, there's a really neat story.

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Speaker 2: But let's segue back to the community. Jess Ricci, what

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Speaker 2: have you got when it comes to money wins and confessions?

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Speaker 6: All right?

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Speaker 2: My first money is going to be new to me?

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Speaker 2: Oh Man Mattley. For all I did was read these

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Speaker 2: threads your favorite you. I had so much photo. I

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Speaker 2: was like, what's going on? Please this little like the

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Speaker 2: little orphan outside the window some more.

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Speaker 4: My first money win this week is from Rhiannon, who

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Speaker 4: said money win Coal's bag.

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Speaker 2: She wrapping paper.

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Speaker 4: She forgot to buy wrapping paper, so she cut up

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Speaker 4: a Coals bag, flipped it inside out, and wrapped the gift.

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Speaker 4: She used a bow off the sheet that she got

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Speaker 4: on clearance after Easter for fifty cents. That's really smart,

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Speaker 4: really smart, and it looks she put in a photo.

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Speaker 4: It looks just like the fancy butcher's paper wrapping.

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Speaker 2: Oh, she's a genius. It looks beautiful. Do you know

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Speaker 2: what I would one love to get that gift looks

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Speaker 2: really cute, but i'd like keep be like, oh, she's

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Speaker 2: a smart cookie. Once I opened it and realized it

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Speaker 2: was a coals bag, I'd be like, this old genius

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Speaker 2: because they're hard to reuse the paper bags, Like if

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Speaker 2: you're not like and I buy the paper bags because

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Speaker 2: I know they're better for the environment than those like

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Speaker 2: quote reusable plastic ones, Like, they're not really that reusable

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Speaker 2: because no one actually packs them up and takes them

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Speaker 2: back to the supermarket. Right, So, such a good way

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Speaker 2: to reuse the bag. I love that.

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Speaker 4: Next, I've got a money win from Amy, who said

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Speaker 4: my partner signed up to do some product reviews and

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Speaker 4: they sent us four tubes of toothpaste. She said they're

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Speaker 4: covered up, but it's easy to tell what brand they are,

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Speaker 4: so I think it's like a think it's like a

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Speaker 4: blind test kind of. She said, fifty bucks a toothpaste

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Speaker 4: for free, and then once we use them and review them,

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Speaker 4: we get a fifty do gift card. Money.

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Speaker 2: That's so good is that? How long would it take

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Speaker 2: you to get through four tubes of toothpaste?

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Speaker 3: Oh?

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Speaker 2: If two people are using it? Not that I don't know,

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Speaker 2: like your standard tube. Yeah, Like I couldn't even tell

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Speaker 2: you how quickly I go through toothpaste.

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Speaker 4: It's one of those things you feel like you have

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Speaker 4: heaps and then all of a sudden, like you have one.

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Speaker 2: That's true. I'm queezing tory, like cunning the tube. Yeah, yeah,

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Speaker 2: there's never in between. No, they really bought a pump toothpaste,

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Speaker 2: and I thought that was genius because I was like, cool,

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Speaker 2: like that's really easy. Yeah, but we're not giving them credit.

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Speaker 2: They mark it everywhere. They do not need us either.

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Speaker 2: It's the weird flavors for me. No, No, I got

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Speaker 2: the smooth mint, don't worry. I got the like I

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Speaker 2: like bacon or something. No, I just I don't know

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Speaker 2: how clean my teeth would feel after using a flavor toothpaste.

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Speaker 2: I agree, however, I did. This is a bit rogue.

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Speaker 2: I did buy the Colgate toothpaste the other day because

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Speaker 2: it's peach flavored. But it's like peachy mint, and the

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Speaker 2: second I tried it, I was like, Jess is gonna

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Speaker 2: love this? That sounds delicious. Yeah, so I'll get you

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Speaker 2: some toothpaste. But the pump, you just don't know when

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Speaker 2: it's gonna end, because with the tube you can kind

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Speaker 2: of see it and track it. I just ran out

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Speaker 2: of toothpaste and I was like, wait, what I don't

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Speaker 2: like that? Now there's none. Stressful, stressful, very stressful. Carry on, Jess, Sorry,

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Speaker 2: you're fine.

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Speaker 4: Next day for money went from Lisa, who said, after

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Speaker 4: receiving an almost forty percent increase on our Home and

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Speaker 4: Contents insurance renewal, I called around, I got some quotes,

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Speaker 4: and I was able to almost have that renewal, which

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Speaker 4: means this year we're actually paying less than last year money.

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Speaker 2: Weird, and also a really good reminder that if you've

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Speaker 2: been looking at your budget and you're like, oh, there's

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Speaker 2: nothing I can really cut out, have you actually reviewed

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Speaker 2: the expenses you have? So if you've got some you know,

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Speaker 2: insurance that you're paying for, is that the best deal?

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Speaker 2: If you're paying more than thirty bucks a month for

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Speaker 2: your SIM plan on your phone, that's too much in

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Speaker 2: my opinion. So like review, review, review, and always try

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Speaker 2: and cut down pre existing expenses. We're not saying get

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Speaker 2: rid of the expense, just so if you can get

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Speaker 2: a better deal, yeah.

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Speaker 4: And don't yeah we have that, get a better deal

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Speaker 4: script on our website. So good deal you head to

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Speaker 4: the resources page. It right free it is. Next, I've

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Speaker 4: got money win from Lisa, who said that's a second Lisa,

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Speaker 4: But Lisa, this Lisa is spelled with two eas different Lisa.

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Speaker 4: Lisa said, I pressure washed the house last weekend and

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Speaker 4: I got water into an external light fitting. No, it

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Speaker 4: blew the lights in our entire house and the solar power.

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Speaker 4: I thought it was going to be an incredibly expensive fix,

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Speaker 4: but turns out it was just a forty dollar fuse

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Speaker 4: and her partner fit it himself.

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Speaker 2: Oh, money win.

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Speaker 4: Relief was almost small money loss, but I always still

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Speaker 4: call out a money win.

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Speaker 2: That's a money win, but also like, let's just be

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Speaker 2: careful with high pressure washing and electricity completely that gives

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Speaker 2: me so much anxiety. Please be safe people.

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Speaker 4: And then lastly, I have two money wins from buy

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Speaker 4: nothing groups which are like my favorite thing ever. I

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Speaker 4: love it buy nothing group. Firstly, Tinachet said I received

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Speaker 4: a salon sized waxing pot and leg rollert waxes and

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Speaker 4: strips all full of wax thanks to the buy nothing

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Speaker 4: group on Facebook. I've been waxing my legs Brazilian and

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Speaker 4: under arms and diy Brazilian.

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Speaker 2: Yeah, or I could never bold. The yoga involved crazy.

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Speaker 4: She said it was costing her one hundred and thirty

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Speaker 4: eight bucks every six weeks. Now she can wax herself

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Speaker 4: all the time and it's free money.

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Speaker 2: Weeds so good, I believe that. I'm very impressed.

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Speaker 4: And then Marie said her as six sneakers died, she

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Speaker 4: couldn't afford new ones, but she's snagged a pair on

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Speaker 4: her local buy nothing group, practically brand new and in

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Speaker 4: her size. And the lady threw in some lines for free.

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Speaker 2: Oh mallween, I love this.

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Speaker 4: Join your local buy nothing group, get some stuff if

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Speaker 4: you can give some stuff.

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Speaker 2: It's so good. I love that suggestion, very very good.

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Speaker 2: I'm still thinking about how I would give myself a Brazilian.

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Speaker 2: I don't think I could pull.

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Speaker 4: I think I would put the wax on and I'd

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Speaker 4: just be like, no, do it there forever.

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Speaker 2: I can't imagine. I can literally imagine Jess calling me

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Speaker 2: and being like, viye, I have a dilemma. Please please

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Speaker 2: come to my house and fix it. Anyway, Let's go

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Speaker 2: to a really quick break before this goes somewhere it

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Speaker 2: shouldn't on the flip side. We're going to be talking

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Speaker 2: about what you can do with an inheritance, and we're

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Speaker 2: unpacking something you slid into our DMS about. This week,

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Speaker 2: we're chatting about sharing rent and bills with a partner.

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Speaker 2: So don't go anywhere. Welcome back, everybody. Let's take a

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Speaker 2: listen to this week's money dilemma. Hi. There, have you

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Speaker 2: got a money dilemma you just can't solve? The She's

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Speaker 2: on the Money team is here to help. Every week,

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Speaker 2: we tackle your dilemmas, both big and small, to answer

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Speaker 2: your most burning money, career and life questions. To get involved,

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Speaker 2: simply head to our website and leave us a short

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Speaker 2: voice recording and you might just find yourself on the show. Now,

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Speaker 2: let's take a listen to this week's money dilemma.

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Speaker 6: Hi, guys, I just wanted to send in my money

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Speaker 6: to LATA. I am twenty two years old and I'm

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Speaker 6: a registered nurse on the Gold Coast. I finished UNI

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Speaker 6: last year, so I'm a graduate nurse now. I have

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Speaker 6: always been living paycheck to paycheck, like ever since I

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Speaker 6: was a teenager. Up until now, I've always had the

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Speaker 6: same amount of money in my bank account, which is

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Speaker 6: just wild considering I earn so much more now, but

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Speaker 6: also I do pay rent and bills and all those

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Speaker 6: things now too. But I just got to positive thirteen

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Speaker 6: thousand dollars as a form of inheritance, and I just

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Speaker 6: wanted some advice and tips to try and use this

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Speaker 6: money to try and get me ahead and make some

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Speaker 6: smart decisions with it. So thanks so much, guys, look

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Speaker 6: forward to hearing from you.

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Speaker 2: I feel like this is such a good question, and

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Speaker 2: given over the next ten years, we are going to

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Speaker 2: see the biggest transfer of intergenerational wealth this Unfortunately, it

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Speaker 2: might be a situation that a lot of us find

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Speaker 2: ourselves in. But I think the first thing I would

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Speaker 2: say when it comes to inheritance is you do not

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Speaker 2: need to make a decision right now, Like that money

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Speaker 2: could sit there for a year or more, literally earning

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Speaker 2: zero while you work out what you want to do.

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Speaker 2: I think so many times, especially when you have an inheritance,

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Speaker 2: you've got Uncle Bob over here giving you advice and

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Speaker 2: Arnie Jill saying, oh, you should be getting into the

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Speaker 2: property market, and someone else is suggesting crypto like, just

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Speaker 2: sit on it for a while and work out what

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Speaker 2: your values are and what you could be doing with it.

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Speaker 2: Thirteen thousand dollars is a lot of money. In fact,

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Speaker 2: if you invested it in the Australian share market, thirteen

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Speaker 2: grand invested today in thirty years is going to be

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Speaker 2: about two hundred and thirty thousand dollars in thirty years.

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Speaker 2: So that's a lot of money to be making. But

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Speaker 2: it also could turn into more in property, or it

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Speaker 2: could turn into more in crypto or more indifferent shares.

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Speaker 2: It's completely up to you. I mean, you might want

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Speaker 2: to use that inheritance money to go on a holiday.

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Speaker 2: You might go, you know what, this is the best

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Speaker 2: use of these funds, and that's completely up to you.

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Speaker 2: There's actually no right or wrong I think when we

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Speaker 2: get an inheritance, though there can actually and it didn't

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Speaker 2: sound like this in your tone of voice, but often

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Speaker 2: there's a certain level of guilt because someone has passed

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Speaker 2: away for an inheritance to have occurred, and that's not

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00:21:08,359 --> 00:21:11,679
Speaker 2: a nice situation. And sometimes when you get an inheritance,

432
00:21:11,720 --> 00:21:13,480
Speaker 2: maybe you we're really close with the person, so you

433
00:21:13,520 --> 00:21:15,800
Speaker 2: want to make sure that you're doing the right thing

434
00:21:15,800 --> 00:21:18,159
Speaker 2: with the money and not disappointing them, or on the

435
00:21:18,200 --> 00:21:20,119
Speaker 2: flip side, you might not have been close, and you go,

436
00:21:20,160 --> 00:21:22,480
Speaker 2: oh my gosh, this person that should have been close

437
00:21:22,520 --> 00:21:23,960
Speaker 2: to me and wasn't. We had a bit of a

438
00:21:24,000 --> 00:21:26,639
Speaker 2: disjointed relationship has passed away and I've got money and

439
00:21:26,640 --> 00:21:28,359
Speaker 2: now I feel guilty for even having it in the

440
00:21:28,359 --> 00:21:30,719
Speaker 2: first place because we didn't have a good relationship. So

441
00:21:30,920 --> 00:21:33,800
Speaker 2: money in these circumstances is really fickle, and I think

442
00:21:33,800 --> 00:21:35,600
Speaker 2: it's important for you to take the time to work

443
00:21:35,640 --> 00:21:37,320
Speaker 2: out what you want to do with it and work

444
00:21:37,359 --> 00:21:39,600
Speaker 2: through that guilt, because you shouldn't feel guilty at the

445
00:21:39,680 --> 00:21:42,080
Speaker 2: end of the day. That money is for you and

446
00:21:42,119 --> 00:21:44,160
Speaker 2: it is to put you in the best possible position.

447
00:21:44,280 --> 00:21:46,120
Speaker 2: So what would you like to do with it. There's

448
00:21:46,160 --> 00:21:48,719
Speaker 2: no you should invest it or you should do this.

449
00:21:48,840 --> 00:21:51,959
Speaker 2: The second someone tries to give you advice, disregard it,

450
00:21:52,359 --> 00:21:54,119
Speaker 2: or take it on with a grain of salt and

451
00:21:54,160 --> 00:21:57,280
Speaker 2: put it to the side and wait, because there's always,

452
00:21:57,320 --> 00:22:00,520
Speaker 2: always always going to be another opportunity, is going to

453
00:22:00,520 --> 00:22:02,480
Speaker 2: be something else to invest in. You don't need to

454
00:22:02,560 --> 00:22:05,960
Speaker 2: jump on the next investing trend, because I promise if

455
00:22:06,000 --> 00:22:07,680
Speaker 2: it is a trend right now, it's not going to

456
00:22:07,720 --> 00:22:09,639
Speaker 2: put you in the best possible position. We need to

457
00:22:09,680 --> 00:22:12,199
Speaker 2: be thinking long term. But also I want to give

458
00:22:12,200 --> 00:22:14,679
Speaker 2: you permission to do whatever you want with that money,

459
00:22:15,080 --> 00:22:17,520
Speaker 2: because it's up to you. What I want you to do, though,

460
00:22:17,560 --> 00:22:20,320
Speaker 2: is make an educated decision. Have you thought about investing?

461
00:22:20,320 --> 00:22:22,960
Speaker 2: Have you thought about property? Have you thought about date reduction?

462
00:22:23,080 --> 00:22:25,359
Speaker 2: Have you thought about, you know, an asset. Maybe you

463
00:22:25,359 --> 00:22:27,159
Speaker 2: want to buy a car. Maybe you want to invest

464
00:22:27,200 --> 00:22:29,920
Speaker 2: it in something that is more sentimental. It might be

465
00:22:29,960 --> 00:22:32,760
Speaker 2: a piece of art, it might be literally anything. But

466
00:22:32,800 --> 00:22:35,360
Speaker 2: there is no right and no wrong when it comes

467
00:22:35,400 --> 00:22:38,840
Speaker 2: to an inheritance. But I guess that's a good question, Jess,

468
00:22:38,880 --> 00:22:40,960
Speaker 2: if you came into thirteen grand tomorrow, what would you

469
00:22:41,000 --> 00:22:43,119
Speaker 2: do with it? I feel like I'd be boring and

470
00:22:43,160 --> 00:22:45,439
Speaker 2: I would put it in my house deposit. Would you?

471
00:22:45,960 --> 00:22:48,480
Speaker 2: I mean I thought she would have said, I'm gonna

472
00:22:48,480 --> 00:22:49,639
Speaker 2: go buy a Snell double flap.

473
00:22:49,720 --> 00:22:55,600
Speaker 4: Yeah, that it's a very expensive, very beautiful bag, like

474
00:22:55,760 --> 00:22:57,760
Speaker 4: very okay, it would take up it's almost all of

475
00:22:58,640 --> 00:23:01,600
Speaker 4: It's like it's everyone has that. Oh you don't because

476
00:23:01,600 --> 00:23:05,320
Speaker 4: you're not materialistic. I'm feeling like a little materialistic shit.

477
00:23:05,359 --> 00:23:07,720
Speaker 2: You don't have to worry this side of the table.

478
00:23:08,040 --> 00:23:11,720
Speaker 2: Quite materialistic, willing to work for it, absolutely, but also

479
00:23:11,920 --> 00:23:15,439
Speaker 2: handbags are important to us. Yeah, sorry, not sorry, it's.

480
00:23:15,320 --> 00:23:19,280
Speaker 4: Like my dream handbag. But like they're literally they've it's

481
00:23:19,320 --> 00:23:20,760
Speaker 4: one of those things. They've gone up and up and.

482
00:23:20,800 --> 00:23:23,280
Speaker 2: Up in price. They're literally like ten thousand. To be honest,

483
00:23:23,280 --> 00:23:25,800
Speaker 2: they're a very good investment. It's like investing in Burkins.

484
00:23:25,840 --> 00:23:28,200
Speaker 2: In Burkins, which are by the brand MS I think

485
00:23:28,240 --> 00:23:29,919
Speaker 2: have a forty seven percent return.

486
00:23:30,280 --> 00:23:32,399
Speaker 4: If you don't use the bag, I'd probably buy my

487
00:23:32,520 --> 00:23:34,600
Speaker 4: second hand. Like if that like, you.

488
00:23:34,560 --> 00:23:35,800
Speaker 2: Wouldn't be a little fruit.

489
00:23:36,080 --> 00:23:38,520
Speaker 3: If you're spending that much, you may as well get

490
00:23:38,560 --> 00:23:40,000
Speaker 3: it full price, is what I'm thinking.

491
00:23:40,160 --> 00:23:40,760
Speaker 1: You know what I mean.

492
00:23:40,920 --> 00:23:43,400
Speaker 2: We'll see if you buy a Burkins second hand, it's

493
00:23:43,480 --> 00:23:46,600
Speaker 2: much more expensive because they're so hard to get in store.

494
00:23:47,200 --> 00:23:50,639
Speaker 2: In store, you could be spending like fifteen thousand dollars

495
00:23:50,640 --> 00:23:54,240
Speaker 2: on a Burken, but second hand twenty five thousand plus.

496
00:23:54,320 --> 00:23:56,600
Speaker 2: Isn't that wild to think that a handbag is worth

497
00:23:56,640 --> 00:23:59,439
Speaker 2: that much? Yeah, that's wild. What would you do with

498
00:23:59,440 --> 00:24:01,199
Speaker 2: thirteen grand? And if you have thirteen grand in your

499
00:24:01,200 --> 00:24:03,120
Speaker 2: hot little hands tomorrow, you know.

500
00:24:03,080 --> 00:24:05,159
Speaker 3: It's just funny because when I was made redundant, as

501
00:24:05,200 --> 00:24:07,240
Speaker 3: everyone knows, because I went shut up about it.

502
00:24:07,560 --> 00:24:10,120
Speaker 2: I was literally on about it. It's not like it's

503
00:24:10,119 --> 00:24:12,680
Speaker 2: like your livelihood or that's so true. It's not a deal.

504
00:24:13,280 --> 00:24:16,720
Speaker 3: I was not even like it's impacting your income was

505
00:24:16,760 --> 00:24:20,639
Speaker 3: given exactly thirteen thousand. Yeah, I was so, But that's

506
00:24:20,680 --> 00:24:22,960
Speaker 3: a different story. It is different. But I'm thinking, like,

507
00:24:23,000 --> 00:24:25,720
Speaker 3: if I still had a regular income with that thirteen thousand,

508
00:24:26,440 --> 00:24:29,600
Speaker 3: I probably would do things that I can't. I probably

509
00:24:29,600 --> 00:24:31,200
Speaker 3: could do now, but I just like, I'm really bad

510
00:24:31,240 --> 00:24:33,280
Speaker 3: with my money still, but I would like get my

511
00:24:33,480 --> 00:24:37,159
Speaker 3: car fixed, get a new phone my phone's broken, Like,

512
00:24:37,560 --> 00:24:39,000
Speaker 3: do all the things I need to do just to

513
00:24:39,119 --> 00:24:42,920
Speaker 3: feel like my day to day isn't super Yeah, exactly,

514
00:24:43,200 --> 00:24:45,320
Speaker 3: Like I can literally hear my clutch slipping as I

515
00:24:45,400 --> 00:24:46,359
Speaker 3: drive to work every morning.

516
00:24:46,600 --> 00:24:48,119
Speaker 2: I'm like, I would do those kind of things. It

517
00:24:48,200 --> 00:24:50,080
Speaker 2: must be nice to be able to drive manual. Can't

518
00:24:50,080 --> 00:24:54,639
Speaker 2: do that. I can teach you. If you like olding

519
00:24:54,640 --> 00:24:56,840
Speaker 2: your budget, you teach me to drive manual perfect. It's

520
00:24:56,840 --> 00:24:59,960
Speaker 2: actually a deal. Do we trust Bex driving? Yeah? Don't

521
00:25:00,119 --> 00:25:00,520
Speaker 2: trust her?

522
00:25:00,560 --> 00:25:05,239
Speaker 3: Flight tips trusted, thank you, But no, I think like

523
00:25:05,600 --> 00:25:08,600
Speaker 3: after all those things are done, I would then maybe

524
00:25:08,680 --> 00:25:11,000
Speaker 3: just sit on it until I probably wouldn't invest it yet,

525
00:25:11,000 --> 00:25:12,840
Speaker 3: I'd be like, I'll sit on it, put it in

526
00:25:12,840 --> 00:25:14,320
Speaker 3: an I'd start an emergency fund.

527
00:25:14,320 --> 00:25:16,399
Speaker 2: Finally, that would probably be that Yeah, you know what

528
00:25:16,400 --> 00:25:16,720
Speaker 2: I mean?

529
00:25:16,840 --> 00:25:19,199
Speaker 3: Yeah, I like personally, so get all those things that

530
00:25:19,240 --> 00:25:21,240
Speaker 3: take care of the rest will go into emergency funds.

531
00:25:21,240 --> 00:25:23,480
Speaker 2: So I feel secure. But see what that shows us

532
00:25:23,800 --> 00:25:26,600
Speaker 2: that we're all entirely different and therefore can't answer that

533
00:25:26,680 --> 00:25:29,560
Speaker 2: question directly for you. But what we can say is

534
00:25:29,880 --> 00:25:32,040
Speaker 2: we want you to be educated to make the decision

535
00:25:32,080 --> 00:25:35,840
Speaker 2: that is right for you. We've done episodes on inheritance before.

536
00:25:36,200 --> 00:25:39,080
Speaker 2: We've done episodes on coming into a sum of money

537
00:25:39,080 --> 00:25:41,239
Speaker 2: and how to make decisions around that. But there's no

538
00:25:41,320 --> 00:25:43,960
Speaker 2: one size fits all approached, and I think that's kind

539
00:25:44,000 --> 00:25:46,600
Speaker 2: of the outcome here. But also the driver behind she's

540
00:25:46,640 --> 00:25:49,240
Speaker 2: on the money, not lump sums of income. I wish

541
00:25:49,320 --> 00:25:51,840
Speaker 2: we could that could be the driver for everybody, but

542
00:25:51,920 --> 00:25:54,240
Speaker 2: more giving you the education you deserve to make the

543
00:25:54,320 --> 00:25:56,359
Speaker 2: right decision in situations like this.

544
00:25:56,560 --> 00:25:58,040
Speaker 4: Yeah, and if you want to find that episode, you

545
00:25:58,080 --> 00:26:00,359
Speaker 4: can search up on spotfy O Apple. Its how to

546
00:26:00,400 --> 00:26:03,000
Speaker 4: Treat Inheritance with the Respective Deserves And it's a really

547
00:26:03,080 --> 00:26:04,000
Speaker 4: good episode.

548
00:26:04,200 --> 00:26:06,760
Speaker 2: All right, Let's move on because this week you guys

549
00:26:06,760 --> 00:26:09,359
Speaker 2: slid into our DMS about something a little bit I

550
00:26:09,359 --> 00:26:12,040
Speaker 2: would say spicy, because it can be a thickle topic

551
00:26:12,080 --> 00:26:14,760
Speaker 2: to discuss. This week, we're talking about sharing rent and

552
00:26:14,800 --> 00:26:16,800
Speaker 2: bills with a partner. So let me read out the

553
00:26:16,880 --> 00:26:20,320
Speaker 2: DM re received. Hi, she's on the money. I just

554
00:26:20,440 --> 00:26:23,280
Speaker 2: moved in with my new partner. We started our relationship

555
00:26:23,359 --> 00:26:26,440
Speaker 2: quite recently and soon moved in together. I did that too,

556
00:26:26,480 --> 00:26:28,720
Speaker 2: so like no judgment based. I live in a two

557
00:26:28,760 --> 00:26:32,000
Speaker 2: bedroom apartment and he moved in with just his personal stuff.

558
00:26:32,240 --> 00:26:34,639
Speaker 2: He didn't ring anything for the house, as we already

559
00:26:34,640 --> 00:26:37,840
Speaker 2: have a fully furnished place. We split rent fifty to fifty.

560
00:26:38,000 --> 00:26:40,560
Speaker 2: I'm starting to feel like this might be quite unfair,

561
00:26:40,680 --> 00:26:43,600
Speaker 2: as I've contributed to so much cool stuff for the

562
00:26:43,640 --> 00:26:46,080
Speaker 2: apartment and he gets to enjoy all of that for

563
00:26:46,119 --> 00:26:49,320
Speaker 2: the same price that I'm paying. We also share grocery

564
00:26:49,320 --> 00:26:53,240
Speaker 2: bills fifty to fifty, but he eats so much. He

565
00:26:53,320 --> 00:26:55,840
Speaker 2: buys a lot of expensive things that I don't consume,

566
00:26:55,960 --> 00:26:59,200
Speaker 2: such as the best branded peanut butter, so much meat.

567
00:26:59,280 --> 00:27:01,439
Speaker 2: He goes to them a lot, and I feel like

568
00:27:01,640 --> 00:27:04,520
Speaker 2: sharing the bills equally will also be unfair for me

569
00:27:04,720 --> 00:27:07,600
Speaker 2: in the long run. However, I'm afraid I'm gonna sound

570
00:27:07,600 --> 00:27:10,600
Speaker 2: stingy about bringing up the rent and grocery bills situation.

571
00:27:11,119 --> 00:27:13,720
Speaker 2: I'm on a seventy thousand dollars salary and my budget

572
00:27:13,760 --> 00:27:18,119
Speaker 2: is quite tight at the moment. Guys, what do we

573
00:27:18,200 --> 00:27:19,520
Speaker 2: think about this situation?

574
00:27:20,640 --> 00:27:23,800
Speaker 3: I think, furniture wise, it's still all your stuff. It's

575
00:27:23,880 --> 00:27:25,520
Speaker 3: kind of like if you move into a sharehouse and

576
00:27:25,560 --> 00:27:27,880
Speaker 3: like it's already furnished and you still get to enjoy

577
00:27:27,920 --> 00:27:29,040
Speaker 3: all the communal spaces.

578
00:27:29,119 --> 00:27:30,840
Speaker 2: Yeah, but they take it if they leave.

579
00:27:30,760 --> 00:27:32,600
Speaker 3: And they take it if they leave exactly, and if

580
00:27:32,640 --> 00:27:35,800
Speaker 3: you if it gets damaged in the meantime, like maybe

581
00:27:35,800 --> 00:27:37,840
Speaker 3: you spilt some red wine, like you pay for that.

582
00:27:37,960 --> 00:27:42,000
Speaker 3: Like so if anything is damaged, like obviously he will

583
00:27:42,200 --> 00:27:44,160
Speaker 3: kind of bear the financial burden.

584
00:27:43,880 --> 00:27:46,080
Speaker 2: Of that, but like, that's still all your stuff. I

585
00:27:46,119 --> 00:27:48,840
Speaker 2: would say not to worry about that. Yeah, I personally

586
00:27:48,840 --> 00:27:52,159
Speaker 2: wouldn't worry about that. I mean, I feel like maybe

587
00:27:52,160 --> 00:27:54,720
Speaker 2: this is an extension of you already feeling like there's

588
00:27:54,760 --> 00:27:58,119
Speaker 2: some inequity in the relationship, and so maybe that's a projection.

589
00:27:58,520 --> 00:28:00,840
Speaker 2: But also being like, oh, I've got cool stuff, in

590
00:28:00,840 --> 00:28:04,719
Speaker 2: the apartment, okay, Like you're gonna get rid of it

591
00:28:04,800 --> 00:28:06,880
Speaker 2: so that someone else can't enjoy it, At which point

592
00:28:06,920 --> 00:28:08,720
Speaker 2: I'm a bit confused as to why you wouldn't want

593
00:28:08,720 --> 00:28:11,679
Speaker 2: your partner to enjoy your stuff too, Like, I don't know,

594
00:28:11,800 --> 00:28:12,399
Speaker 2: it's a bit.

595
00:28:12,600 --> 00:28:14,439
Speaker 4: It's like he could have bought four but you already

596
00:28:14,440 --> 00:28:16,520
Speaker 4: had foks, Like why would he bring more forwards?

597
00:28:16,520 --> 00:28:19,879
Speaker 2: And why would he then pay because you already had forks? Yeah, Like,

598
00:28:19,920 --> 00:28:21,879
Speaker 2: don't get me wrong. It could be bigger things like

599
00:28:21,960 --> 00:28:25,280
Speaker 2: she's got like some fancy gaming system or something. I

600
00:28:25,280 --> 00:28:28,320
Speaker 2: don't know. I feel like your stuff was already in

601
00:28:28,359 --> 00:28:30,679
Speaker 2: the house. You could negotiate and be like, oh, I

602
00:28:30,720 --> 00:28:33,320
Speaker 2: actually really want a new couch, We're going to go

603
00:28:33,359 --> 00:28:36,080
Speaker 2: fifty to fifty or I'd like that to be your contribution,

604
00:28:36,119 --> 00:28:37,639
Speaker 2: because there might be some things that you want to

605
00:28:37,720 --> 00:28:40,560
Speaker 2: upgrade or change. But like, if it's not broke, why

606
00:28:40,680 --> 00:28:41,560
Speaker 2: fix it.

607
00:28:41,560 --> 00:28:43,280
Speaker 4: It's not something that you would pay more rent for.

608
00:28:43,360 --> 00:28:45,120
Speaker 4: Like it doesn't really make sense totally.

609
00:28:45,240 --> 00:28:48,880
Speaker 2: But now the food situational food and the rent switch, Yes,

610
00:28:49,240 --> 00:28:52,360
Speaker 2: let's talk through that. Yes, are you planning on moving

611
00:28:52,400 --> 00:28:54,240
Speaker 2: in with your girlfriend Beck?

612
00:28:54,600 --> 00:28:56,280
Speaker 3: She's a bit of a slow mover. I was like, what,

613
00:28:56,520 --> 00:28:58,560
Speaker 3: when's this gonna happen? She's like maybe like five six years?

614
00:28:58,600 --> 00:28:59,160
Speaker 3: Like see how we go?

615
00:29:00,000 --> 00:29:04,360
Speaker 2: Se what that is not a female same sex couple relationship?

616
00:29:04,800 --> 00:29:07,600
Speaker 2: Were usually Yeah, you usually you ho it and you've

617
00:29:07,640 --> 00:29:10,479
Speaker 2: moved point in two seconds and you're married next week exactly.

618
00:29:10,600 --> 00:29:14,560
Speaker 2: I'm not her talk. I will have a chat to

619
00:29:14,560 --> 00:29:17,000
Speaker 2: her because I'm ready right now. Okay, if you're ready

620
00:29:17,040 --> 00:29:18,840
Speaker 2: right now? How you splitting it? I think this is

621
00:29:18,840 --> 00:29:19,040
Speaker 2: the thing.

622
00:29:19,040 --> 00:29:20,560
Speaker 3: If I'm moving in with her or she's moving in

623
00:29:20,560 --> 00:29:23,560
Speaker 3: with me, I'm thinking, we just well, regardless whether we

624
00:29:23,960 --> 00:29:25,680
Speaker 3: find a new place or moving in with each other,

625
00:29:26,400 --> 00:29:29,720
Speaker 3: split the rent down the middle, split the utilities down

626
00:29:29,760 --> 00:29:32,120
Speaker 3: the middle, unless one of us works from home.

627
00:29:32,240 --> 00:29:33,760
Speaker 2: In that case we kind of have a conversation.

628
00:29:34,080 --> 00:29:38,080
Speaker 3: Sure, but food wise, it would be really tricky if

629
00:29:38,120 --> 00:29:40,640
Speaker 3: you're I guess one of you is eating a lot

630
00:29:40,680 --> 00:29:43,840
Speaker 3: more or has like different dietary requirements. I guess it's

631
00:29:43,880 --> 00:29:46,120
Speaker 3: easy for me to say because we kind of both

632
00:29:46,200 --> 00:29:49,680
Speaker 3: have the same dietrees and we both you know, eat

633
00:29:49,800 --> 00:29:50,880
Speaker 3: about the same amount.

634
00:29:51,280 --> 00:29:52,400
Speaker 2: Doesn't look like it, but we do.

635
00:29:52,920 --> 00:29:54,800
Speaker 3: And then I would say, like, you know, we kind

636
00:29:54,840 --> 00:29:56,840
Speaker 3: of go half and half, like she'll buy dinner one

637
00:29:57,000 --> 00:29:59,520
Speaker 3: I'll buy a dinner the other night. But in this situation,

638
00:29:59,560 --> 00:30:03,800
Speaker 3: because one of them is eating a significant amount more

639
00:30:03,840 --> 00:30:06,040
Speaker 3: than the other, like whether that's meat and.

640
00:30:06,000 --> 00:30:07,920
Speaker 2: I'm you know, meat, it's quite expensive.

641
00:30:08,440 --> 00:30:10,240
Speaker 3: I would literally just have a conversation about that and

642
00:30:10,280 --> 00:30:12,280
Speaker 3: be like, hey, I'm going to buy dinners for us,

643
00:30:12,360 --> 00:30:13,920
Speaker 3: like the breakfast and lunches.

644
00:30:13,960 --> 00:30:15,960
Speaker 2: We can like take additional stuff. Do you want to

645
00:30:16,000 --> 00:30:16,560
Speaker 2: just pick that up?

646
00:30:16,640 --> 00:30:19,320
Speaker 3: Exactly your additional stuff Like here I'm cooking like a

647
00:30:19,560 --> 00:30:22,560
Speaker 3: chicken pesto or something like that. Like and if he's like, oh,

648
00:30:22,560 --> 00:30:24,720
Speaker 3: that's not enough protein for me, Hey, any additional you

649
00:30:24,800 --> 00:30:26,640
Speaker 3: just grab for yourself. But like I'm just this is

650
00:30:26,640 --> 00:30:29,000
Speaker 3: what I've got in the pantry, is what I'm making.

651
00:30:29,080 --> 00:30:31,239
Speaker 2: And then yeah, kind of find a way.

652
00:30:31,280 --> 00:30:32,280
Speaker 3: But I know what you mean, Like you do want

653
00:30:32,280 --> 00:30:35,160
Speaker 3: to sound stingy. It is quite new still, as they mentioned,

654
00:30:36,000 --> 00:30:38,160
Speaker 3: and so it is a real tricky one. But I

655
00:30:38,200 --> 00:30:42,000
Speaker 3: would say, as it always comes down to communication is key.

656
00:30:42,600 --> 00:30:45,440
Speaker 2: Wow, I didn't see that coming, Jess. How do you

657
00:30:45,480 --> 00:30:46,000
Speaker 2: manage it?

658
00:30:46,280 --> 00:30:49,040
Speaker 4: I agree, like we split everything fifty to fifty, my

659
00:30:49,080 --> 00:30:51,600
Speaker 4: partner and I will in terms of like rent groceries

660
00:30:51,680 --> 00:30:53,120
Speaker 4: and bills and stuff.

661
00:30:53,480 --> 00:30:54,960
Speaker 2: But if like you're feeling like there's.

662
00:30:54,760 --> 00:30:57,600
Speaker 4: A lot of inequity, I think you know, similar to you,

663
00:30:57,920 --> 00:30:59,880
Speaker 4: My partner and I have pretty comparable in terms of

664
00:31:00,080 --> 00:31:02,040
Speaker 4: what we consume. I mean I work from homes. If anything,

665
00:31:02,080 --> 00:31:03,920
Speaker 4: I guess I'm chewing through electricity, but.

666
00:31:05,000 --> 00:31:08,320
Speaker 2: Hard money for you, Yes, let's not mention it. Hope

667
00:31:08,360 --> 00:31:10,560
Speaker 2: you're not listening, James. Yeh, keep that on the downlight.

668
00:31:10,720 --> 00:31:13,160
Speaker 4: No, But I think, like, if it's something that stresses

669
00:31:13,160 --> 00:31:15,280
Speaker 4: you out, And also I guess the salary thing, Like

670
00:31:15,320 --> 00:31:17,440
Speaker 4: she's mentioned she's on seventy thousand and she feels like

671
00:31:17,480 --> 00:31:19,480
Speaker 4: that's putting her on a tight budget. Is your partner

672
00:31:19,480 --> 00:31:20,800
Speaker 4: earning significantly more?

673
00:31:20,880 --> 00:31:21,360
Speaker 2: If that's the.

674
00:31:21,400 --> 00:31:25,720
Speaker 4: Case, maybe look at an equity split we've spoken about before, Like, yeah.

675
00:31:25,440 --> 00:31:27,840
Speaker 2: I was about to go, hey, can we rewind a

676
00:31:27,960 --> 00:31:30,160
Speaker 2: little bit because Jess has been on the show a

677
00:31:30,240 --> 00:31:32,920
Speaker 2: number of years now, and you guys might know that

678
00:31:33,080 --> 00:31:35,840
Speaker 2: Jess's partner used to study and we've spoken about it

679
00:31:35,880 --> 00:31:38,880
Speaker 2: publicly before on the show. Because Jess, you haven't always

680
00:31:38,920 --> 00:31:40,920
Speaker 2: split things fifty to fifty, have you? No?

681
00:31:41,240 --> 00:31:44,520
Speaker 4: We our rent at one point was split I paid

682
00:31:44,560 --> 00:31:47,320
Speaker 4: more because the place that we lived, you know, I

683
00:31:47,360 --> 00:31:48,800
Speaker 4: wanted more asthetic things.

684
00:31:48,800 --> 00:31:50,600
Speaker 2: He would live in a shock and couldn't.

685
00:31:50,240 --> 00:31:53,360
Speaker 4: Care less or men like that, and I was like, no, no,

686
00:31:53,440 --> 00:31:55,000
Speaker 4: like I need you and for work as well as

687
00:31:55,040 --> 00:31:57,200
Speaker 4: like I need like nice lighting because that's her content.

688
00:31:57,320 --> 00:31:58,680
Speaker 2: Yeah, just the simple things.

689
00:31:59,080 --> 00:32:01,400
Speaker 4: So I said I was happy to pay more because

690
00:32:01,440 --> 00:32:03,800
Speaker 4: I was like, well, I earn more and the place

691
00:32:03,800 --> 00:32:05,920
Speaker 4: that we would rent would be more expensive based on

692
00:32:05,920 --> 00:32:07,400
Speaker 4: what I want. So to me, I was like, that

693
00:32:07,400 --> 00:32:10,000
Speaker 4: seems reasonable, Like I'm happy to pay more rent totally.

694
00:32:10,040 --> 00:32:12,560
Speaker 4: And then obviously now he has a full time job,

695
00:32:12,600 --> 00:32:15,080
Speaker 4: he's graduated, and we've gone to fifty to fifty and

696
00:32:15,120 --> 00:32:17,720
Speaker 4: that works for us. You know, it's different for everybody,

697
00:32:17,840 --> 00:32:19,720
Speaker 4: I guess. But if this is something that our listener

698
00:32:19,800 --> 00:32:22,160
Speaker 4: is feeling pressured about, like, that's a great and very

699
00:32:22,240 --> 00:32:24,160
Speaker 4: reasonable conversation I think to have.

700
00:32:24,520 --> 00:32:28,360
Speaker 2: And that's where the conversation comes down to equity versus

701
00:32:28,360 --> 00:32:32,480
Speaker 2: equality in relationships, Like there is a difference between the two,

702
00:32:32,680 --> 00:32:35,120
Speaker 2: and splitting fifty to fifty might make sense for you guys,

703
00:32:35,160 --> 00:32:37,480
Speaker 2: because you're basically on the same page, earn very very

704
00:32:37,520 --> 00:32:40,120
Speaker 2: similar amounts, and you can call it a day, like

705
00:32:40,160 --> 00:32:43,520
Speaker 2: you and your partner are beck Yeah, but like, let's

706
00:32:43,720 --> 00:32:45,880
Speaker 2: go really dramatic for a hot sekend. If your partner

707
00:32:45,920 --> 00:32:48,520
Speaker 2: owns three hundred thousand dollars and your own fifty thousand dollars,

708
00:32:48,840 --> 00:32:51,520
Speaker 2: is that actually fair to split things fifty to fifty

709
00:32:51,600 --> 00:32:54,760
Speaker 2: and expect you to live up to the lifestyle of

710
00:32:54,800 --> 00:32:57,960
Speaker 2: your partner, or even if your partner's willing to live

711
00:32:58,000 --> 00:33:00,400
Speaker 2: on that fifty thousand dollar lifestyle, If and though they're

712
00:33:00,440 --> 00:33:03,240
Speaker 2: earning three hundred thousand dollars, is that fair that they

713
00:33:03,320 --> 00:33:07,000
Speaker 2: have so much more savings capacity in terms of percentage

714
00:33:07,040 --> 00:33:10,240
Speaker 2: than you when you know you're probably scraping by, Like

715
00:33:10,280 --> 00:33:13,160
Speaker 2: in this economy, you would absolutely be scraping by on

716
00:33:13,200 --> 00:33:16,000
Speaker 2: that salary trying to keep up. So I think it's

717
00:33:16,040 --> 00:33:19,040
Speaker 2: important to talk about you know, it's very normal to

718
00:33:19,080 --> 00:33:22,640
Speaker 2: want to split based on income, and so what we

719
00:33:22,800 --> 00:33:25,960
Speaker 2: haven't learned in that story or in that message is well,

720
00:33:25,960 --> 00:33:28,680
Speaker 2: how much does your partner earn? That should actually come

721
00:33:28,680 --> 00:33:31,160
Speaker 2: into the conversation. Are you not wanting to split it

722
00:33:31,160 --> 00:33:33,680
Speaker 2: because you're fifty to fifty and you know you earn

723
00:33:33,760 --> 00:33:36,520
Speaker 2: similar amounts and therefore you know he's actually just spending

724
00:33:36,560 --> 00:33:40,880
Speaker 2: more great have that conversation, but also is he earning

725
00:33:40,920 --> 00:33:44,160
Speaker 2: significantly more? And we need to have an equity conversation

726
00:33:44,640 --> 00:33:48,920
Speaker 2: about splitting it differently, because what's fair inside a relationship

727
00:33:49,000 --> 00:33:51,880
Speaker 2: doesn't mean dollar for dollar, and I think that sometimes

728
00:33:51,920 --> 00:33:54,160
Speaker 2: we just assume that because Beck paid a dollar, I

729
00:33:54,160 --> 00:33:57,040
Speaker 2: should pay a dollar. But it's different in a friendship

730
00:33:57,080 --> 00:34:00,800
Speaker 2: than it is inside a relationship because I'm you moved

731
00:34:00,800 --> 00:34:04,400
Speaker 2: in with them because you see a long term sitch happening. Yeah,

732
00:34:04,440 --> 00:34:07,320
Speaker 2: Like you're not moving in with somebody hopefully because you're like, ah,

733
00:34:07,520 --> 00:34:11,239
Speaker 2: let's move in with Jess right now, break up next year, yeah, Jess, Like,

734
00:34:11,320 --> 00:34:13,480
Speaker 2: let's just keep everything super separate and not get our

735
00:34:13,520 --> 00:34:17,239
Speaker 2: lives intertwined, like you are intertwining your lives because you're

736
00:34:17,239 --> 00:34:20,239
Speaker 2: moving in together. So I feel like these conversations need

737
00:34:20,280 --> 00:34:24,480
Speaker 2: to become second nature, especially now before life becomes more complicated,

738
00:34:24,640 --> 00:34:27,839
Speaker 2: before you're negotiating who's picking nappies up and who's going

739
00:34:27,880 --> 00:34:29,960
Speaker 2: to be paying for the mortgage and where the offset

740
00:34:29,960 --> 00:34:32,560
Speaker 2: account is sitting if those are goals of yours in

741
00:34:32,600 --> 00:34:35,160
Speaker 2: the future. So I think it's really important to talk

742
00:34:35,160 --> 00:34:37,880
Speaker 2: about sharing rent and bills with a partner and you

743
00:34:37,880 --> 00:34:41,560
Speaker 2: shouldn't feel bad because you know what, you might be humbled.

744
00:34:41,920 --> 00:34:44,520
Speaker 2: They might turn around and go, well, Beck, I know

745
00:34:44,600 --> 00:34:47,279
Speaker 2: that you are saying that I should be spending less

746
00:34:47,280 --> 00:34:50,640
Speaker 2: on meat. Can you stop putting all your makeup into

747
00:34:50,960 --> 00:34:54,759
Speaker 2: the daily expenses categories? You know, every time we go,

748
00:34:54,840 --> 00:34:58,120
Speaker 2: you're picking stuff up the supermarket, spending an extra fifty bucks? Like,

749
00:34:58,480 --> 00:35:00,640
Speaker 2: so I think we should also look at well, are

750
00:35:00,680 --> 00:35:05,120
Speaker 2: you spending quote your money collectively together? And that fifty

751
00:35:05,120 --> 00:35:08,279
Speaker 2: to fifty might actually be distributed differently. Yes, you might

752
00:35:08,280 --> 00:35:10,680
Speaker 2: be tunnel visioned and only seeing the meet Is there

753
00:35:10,719 --> 00:35:13,520
Speaker 2: something of yours that maybe evens it out? And you

754
00:35:13,600 --> 00:35:15,719
Speaker 2: might go, oh, actually, I might not say anything because

755
00:35:15,760 --> 00:35:18,000
Speaker 2: it's actually working out well and maybe he's thought of

756
00:35:18,000 --> 00:35:21,400
Speaker 2: it as well, or is it actually not even? And

757
00:35:21,440 --> 00:35:23,279
Speaker 2: we need to have this conversation.

758
00:35:23,400 --> 00:35:27,040
Speaker 4: If anything like the longer you live with someone, whether

759
00:35:27,239 --> 00:35:29,479
Speaker 4: like regardless of how much or how little you share

760
00:35:29,480 --> 00:35:31,520
Speaker 4: your expenses, you need to be able to have the conversation,

761
00:35:31,800 --> 00:35:34,879
Speaker 4: like it's a skill really to be able to talk

762
00:35:34,920 --> 00:35:36,440
Speaker 4: to them comfortably and openly.

763
00:35:37,280 --> 00:35:39,520
Speaker 2: And so it starts with things like this. And if

764
00:35:39,520 --> 00:35:41,919
Speaker 2: you can't talk about things like this, as money gets

765
00:35:41,960 --> 00:35:45,040
Speaker 2: more complicated, It will get harder and harder to start

766
00:35:45,080 --> 00:35:47,680
Speaker 2: those money conversations. So the searcher, the better. My friends,

767
00:35:47,960 --> 00:35:51,000
Speaker 2: what did everybody else say? So we obviously took this

768
00:35:51,040 --> 00:35:53,479
Speaker 2: to the community. It's one of my favorite things. We said,

769
00:35:53,760 --> 00:35:57,120
Speaker 2: tell us your two cents, and obviously you did. Definitely

770
00:35:57,160 --> 00:36:00,520
Speaker 2: tell us your two cents. Couple said it's to depend

771
00:36:00,560 --> 00:36:03,239
Speaker 2: on income. I'm definitely all for equity in terms of

772
00:36:03,280 --> 00:36:05,920
Speaker 2: rent if you have different salaries, But the furniture does

773
00:36:05,960 --> 00:36:10,080
Speaker 2: seem a little extreme. Someone said, a fifty to fifty

774
00:36:10,120 --> 00:36:13,319
Speaker 2: grocery split feels like you're funding his hobby, not just

775
00:36:13,360 --> 00:36:17,440
Speaker 2: the essentials. That's true, true, that's fair. Totally agree that

776
00:36:17,480 --> 00:36:19,640
Speaker 2: she shouldn't have to pay more for groceries if he's

777
00:36:19,680 --> 00:36:23,399
Speaker 2: eating more. A good conversation to have. Someone said, if

778
00:36:23,400 --> 00:36:25,799
Speaker 2: you're really worried about this stuff, are you actually ready

779
00:36:25,840 --> 00:36:29,320
Speaker 2: to live with someone else? Well, now that's a good question.

780
00:36:29,440 --> 00:36:31,600
Speaker 2: You don't want to share your expensive couch?

781
00:36:32,200 --> 00:36:32,359
Speaker 1: Well?

782
00:36:32,560 --> 00:36:36,600
Speaker 2: Yeah, someone else said, this stuff should have been discussed

783
00:36:36,600 --> 00:36:40,279
Speaker 2: before moving in together. Like, totally, I totally understand that.

784
00:36:40,360 --> 00:36:44,640
Speaker 2: But you know what, we can't think of everything now, Yes,

785
00:36:44,760 --> 00:36:47,040
Speaker 2: do you know what? Sometimes I really hate when people

786
00:36:47,080 --> 00:36:49,319
Speaker 2: are like, well you should have done it differently, that

787
00:36:49,360 --> 00:36:52,400
Speaker 2: doesn't happen. Oh yeah, really helpful for it, ex thanks

788
00:36:52,440 --> 00:36:54,480
Speaker 2: for that, But I'm here now, So where's the advice

789
00:36:54,520 --> 00:36:56,880
Speaker 2: for now exactly? I feel like I've been getting really

790
00:36:57,000 --> 00:37:00,279
Speaker 2: up and ante on and not replying or anything, but

791
00:37:00,320 --> 00:37:02,759
Speaker 2: like seeing lots of like Facebook posts where people are

792
00:37:02,800 --> 00:37:05,200
Speaker 2: asking for advice and people are jumping in being like,

793
00:37:05,239 --> 00:37:07,960
Speaker 2: well you shouldn't have done it to begin with. I'm like, Susan,

794
00:37:08,000 --> 00:37:10,600
Speaker 2: we're here now, Like, just let it be, let it be,

795
00:37:10,800 --> 00:37:12,760
Speaker 2: sit down. Have you got advice or you're just being

796
00:37:13,040 --> 00:37:18,279
Speaker 2: hag so annoyed. I have way less patience people who

797
00:37:18,360 --> 00:37:21,239
Speaker 2: say becoming a parent gives you like a beautiful level

798
00:37:21,280 --> 00:37:25,400
Speaker 2: of patience, Denada, mine's worse. Some of you said, my

799
00:37:25,520 --> 00:37:28,160
Speaker 2: partner pays more because he earns significantly more than me.

800
00:37:28,239 --> 00:37:30,719
Speaker 2: They need to have that chat, which is exactly what

801
00:37:30,760 --> 00:37:33,799
Speaker 2: we've said. Someone said, maybe having a joint account for

802
00:37:33,840 --> 00:37:37,120
Speaker 2: every joint expense and then separate everything else for personal

803
00:37:37,360 --> 00:37:41,120
Speaker 2: like his meat consumption. Someone said, same as me, my

804
00:37:41,200 --> 00:37:43,719
Speaker 2: partner eats a lot more, but I have some expensive

805
00:37:43,760 --> 00:37:46,759
Speaker 2: hobbies too. I just let it go. So I think

806
00:37:46,800 --> 00:37:49,320
Speaker 2: that's important to kind of balance it out, as I said,

807
00:37:49,320 --> 00:37:52,840
Speaker 2: maybe you're picking up some stuff, or maybe he goes well, actually, Jess,

808
00:37:53,160 --> 00:37:55,759
Speaker 2: like you get all of those expensive ice creams and

809
00:37:55,800 --> 00:37:57,200
Speaker 2: you say that I can have them, but I never

810
00:37:57,200 --> 00:38:00,759
Speaker 2: eat them because I don't like them. Even out I'm

811
00:38:00,760 --> 00:38:02,880
Speaker 2: not saying it will. That's why you have the trouble.

812
00:38:03,000 --> 00:38:05,960
Speaker 2: You always want to have an open mind. Someone said,

813
00:38:06,120 --> 00:38:09,080
Speaker 2: make sure that they understand a partnership. You're on the

814
00:38:09,160 --> 00:38:12,680
Speaker 2: same team. One of you shouldn't be struggling, so speak up. Yeah,

815
00:38:12,680 --> 00:38:14,279
Speaker 2: which I think is a good place to leave what

816
00:38:14,320 --> 00:38:16,920
Speaker 2: your two cents were. We did ask a few other questions,

817
00:38:16,920 --> 00:38:19,280
Speaker 2: and we said, if this was you, would you expect

818
00:38:19,280 --> 00:38:21,680
Speaker 2: your partner to pay more rent because the place is furnished,

819
00:38:22,000 --> 00:38:24,440
Speaker 2: And nineteen percent of you said yes, and eighty one

820
00:38:24,480 --> 00:38:27,200
Speaker 2: percent of you said absolutely not. I wouldn't care. I'm

821
00:38:27,239 --> 00:38:29,279
Speaker 2: just surprised about higher than I thought it would be.

822
00:38:29,320 --> 00:38:31,680
Speaker 2: But I was really surprised about that. And then someone said,

823
00:38:31,680 --> 00:38:33,120
Speaker 2: if you live with your partner, how do you split

824
00:38:33,120 --> 00:38:36,360
Speaker 2: your groceries? Fifty seven percent of you split it fifty

825
00:38:36,400 --> 00:38:39,080
Speaker 2: to fifty and forty three percent of you split the

826
00:38:39,080 --> 00:38:42,279
Speaker 2: basics and pay for other items. Separately, So I feel

827
00:38:42,320 --> 00:38:45,400
Speaker 2: like that's some good insight as well. But my friends

828
00:38:45,680 --> 00:38:49,560
Speaker 2: sadly for my first Friday Drinks back, we've run out

829
00:38:49,600 --> 00:38:53,360
Speaker 2: of time it We'll have to do it again next week. Yeah,

830
00:38:53,719 --> 00:38:56,640
Speaker 2: it's really nice to have you back up cours. Thank you, babies.

831
00:38:56,800 --> 00:38:59,480
Speaker 2: I'm excited to be back as well. Genuinely, my favorite

832
00:38:59,480 --> 00:39:01,640
Speaker 2: thing in the entire high world is this podcast. So

833
00:39:01,800 --> 00:39:03,719
Speaker 2: I feel like I was itching and ready to go

834
00:39:03,800 --> 00:39:06,040
Speaker 2: at like three weeks. I think I was messaging Jess

835
00:39:06,080 --> 00:39:08,080
Speaker 2: being like, can I come back? And She's like, absolutely not.

836
00:39:08,160 --> 00:39:10,359
Speaker 2: We've got guest scheduled. You're not kicking them off the show.

837
00:39:10,360 --> 00:39:12,600
Speaker 2: And I was like, oh okay, I will wait my turn. Sorry,

838
00:39:12,640 --> 00:39:15,160
Speaker 2: sorry buddy. It has been a pleasure. I have loved seeing

839
00:39:15,200 --> 00:39:18,399
Speaker 2: you guys and being back in the studio. But till then,

840
00:39:18,520 --> 00:39:21,359
Speaker 2: we will see you next week on Monday from Money Jaries, Bright,

841
00:39:21,480 --> 00:39:24,360
Speaker 2: Fresh and early, and another Friday Drinks next week, So

842
00:39:24,400 --> 00:39:34,000
Speaker 2: see you later and have their best weekend guys, Bye guys. Bye.

843
00:39:35,680 --> 00:39:38,240
Speaker 2: The advice shared on She's on the Money is general

844
00:39:38,280 --> 00:39:42,160
Speaker 2: in nature and does not consider your individual circumstances. She's

845
00:39:42,200 --> 00:39:45,640
Speaker 2: on the Money exists purely for educational purposes and should

846
00:39:45,680 --> 00:39:48,840
Speaker 2: not be relied upon to make an investment or financial decision.

847
00:39:49,239 --> 00:39:51,680
Speaker 2: If you do choose to buy a financial product, read

848
00:39:51,719 --> 00:39:55,840
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards

849
00:39:55,880 --> 00:39:59,120
Speaker 2: your needs. Victoria Divine and She's on the Money are

850
00:39:59,200 --> 00:40:02,480
Speaker 2: authorized rep presentatives of money. Sherber p T Y L

851
00:40:02,520 --> 00:40:05,160
Speaker 2: t D A B N three two one six four

852
00:40:05,239 --> 00:40:08,239
Speaker 2: nine two seven seven zero eight a F s L

853
00:40:08,360 --> 00:40:12,240
Speaker 2: four five one two eight nine