Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money.
Speaker 3: She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the podcast
Speaker 4: for millennials who want financial freedom. My friends, today is Friday,
Speaker 4: which means it is time to get the team back
Speaker 4: together to celebrate you ow incredible. She's on the Money
Speaker 4: community Today, Miss Jess Gricci is going to be sharing
Speaker 4: our favorite money wins. Miss Becksayed is going to be
Speaker 4: sharing her best brogue tips with us. We're going to
Speaker 4: be helping to answer a juicy money dilemma, which this
Speaker 4: week is all about the best way to manage cash
Speaker 4: flow between multiple bank accounts, and we're going to be
Speaker 4: unpacking something you slid into our DMS about which this
Speaker 4: week is managing rent after a breakup. So let's get
Speaker 4: straight into it. But first things first, my friends, how.
Speaker 2: Were your weeks?
Speaker 5: Mine was really nice. It's been really busy but good.
Speaker 2: That's a good thing. Is that a good thing? Yeah?
Speaker 2: I think so.
Speaker 5: I feel like I'm always I don't have time to
Speaker 5: figure out if I'm not happy because I'm too busy busy,
Speaker 5: do you know what I mean?
Speaker 4: Life, I'm fool that you don't have time to think
Speaker 4: about your emotions. It's actually tried and true strategy and
Speaker 4: true push.
Speaker 2: We don't need those emotions.
Speaker 4: We need is it breakdown and you'll get one if
Speaker 4: you keep doing that.
Speaker 2: It's a very good idea. You come organically.
Speaker 4: Yeah, nice, nice, All right, Well, miss Jessica Ricci was
Speaker 4: your week just as good?
Speaker 6: It was thrilling. We had some sun in Melbourne? We love?
Speaker 6: What's that all about it?
Speaker 2: Where did that come from?
Speaker 6: I don't know? But it can stay. I'd be very happy.
Speaker 2: If I'm not proud, we're just confused.
Speaker 6: Not mad at all. Our go to skin care code came.
Speaker 2: Back, which is a ten out of ten.
Speaker 4: I am genuinely so excited about this because obviously go
Speaker 4: to skincare don't give out their codes that freely, like
Speaker 4: they're hard to get. But because our community asked so
Speaker 4: many times, they were like, yeah, okay, here it is.
Speaker 6: Everyone can thank Anne, who was the first person to
Speaker 6: comment on our posts this week when we put up
Speaker 6: a little posty post with go to which we're obsessed
Speaker 6: dying the fact that they are paying us money.
Speaker 2: I actually I.
Speaker 4: Can't believe that. Like I've made it. I've made it.
Speaker 4: I went in there one time. I can die happy.
Speaker 6: Me too. So she coment on the post and said, oh, guys,
Speaker 6: like is the code?
Speaker 2: When's the code?
Speaker 6: We if you remember last time, we only got it
Speaker 6: for one week. That was it. They're like one week,
Speaker 6: that's all you get. We were like, okay, no problems,
Speaker 6: are you a little bit? I worked it. It was
Speaker 6: good me too. And then Am commented and I put
Speaker 6: it on the stories. I was a little bit cheeky
Speaker 6: and I said, hey, God, use your audience. You want
Speaker 6: the code, go comment and then I scream shot it.
Speaker 4: I said it's straight to go to, Like, Hi, we
Speaker 4: really need this. It would make our community really happy.
Speaker 6: So one more week only, I feel like, what's the code?
Speaker 6: Won't get it again? So fifteen fifteen percent off across
Speaker 6: the site. Incredible. We'll put all the details in the
Speaker 6: description in case I've gotten something.
Speaker 4: Have you ever thought that maybe go to a reverse
Speaker 4: engineering this and they just got a really good advertising
Speaker 4: segment on our podcast. We haven't really thought about this,
Speaker 4: you know what I meant too deeply?
Speaker 2: No, no, no, let's go too deeply. Let's get on
Speaker 2: with the week, because like I'm excited about it.
Speaker 4: I needed that fifteen percent of because I'm almost out
Speaker 4: of my son's screen and that's money win exactly into
Speaker 4: Oh my gosh, Jessica Rich, is it time for money with?
Speaker 6: I think it my fair?
Speaker 4: Oh my gosh, what have you got for us this week?
Speaker 4: I did not see it coming.
Speaker 6: My first money whin comes from Clara, who said, I
Speaker 6: run out of my fifty pack of pilates classes today.
Speaker 6: They went on sale with twenty percent off, so I
Speaker 6: bought another fifty, saved almost one hundred and seventy dollars,
Speaker 6: and I'm just impressed that class fifty.
Speaker 2: This is so impressive.
Speaker 4: I don't think I've like, yeah, I don't think I've
Speaker 4: either been to that many classes.
Speaker 2: Maybe I've skipped that week.
Speaker 4: Oh yeah, skipped fifty for sure, But do you know
Speaker 4: would have gone to fifty classes?
Speaker 2: Gabby? So, Gabby's on our team.
Speaker 4: You've probably heard of her before, but far out she's
Speaker 4: like the pilates queen.
Speaker 6: She loves her pilates. She does indeed, well, maybe she
Speaker 6: can see if she can get a bulk discount next
Speaker 6: time she looks.
Speaker 4: I don't even know if my studio offers fifty packs.
Speaker 4: Maybe because they don't have that much faith in us.
Speaker 6: Maybe not. My next money win comes from Lauren, who
Speaker 6: said money win. Cam Art thirty nine dollars knee high
Speaker 6: healed boots they slay.
Speaker 2: Oh do you know what? I have had so many
Speaker 2: dms about this, suggess.
Speaker 4: I think we should go and check out Camar and
Speaker 4: see what their boots are like, because I need winter
Speaker 4: boots and they're so expensive. Like I went into David
Speaker 4: Jones the other day, I went into May. I was
Speaker 4: checking out a few different options. One I couldn't find
Speaker 4: a pair of.
Speaker 2: Boots that I liked.
Speaker 4: True, every time I looked at them, I'm like, that's
Speaker 4: so much money? Like, yeah, I already don't have them,
Speaker 4: do I really need them? And yeah, I've got analysis paralysis,
Speaker 4: so maybe we should just go to Kmart.
Speaker 6: I have a couple that I bought from kmart last
Speaker 6: year of the year before, and they're still going strong.
Speaker 4: I bet they're the ones that everyone asks about always too.
Speaker 4: How happens all the time?
Speaker 6: Very cute. My next money wind came from Emma, who
Speaker 6: said money win. I bought some plant and was gifted
Speaker 6: for variegated monster cuttings and some anthriums and three uriums
Speaker 6: and atherums.
Speaker 4: Sam, if you don't leave that in there, please please,
Speaker 4: and theorium?
Speaker 2: Do you know what?
Speaker 4: I know exactly who that is because I follow her
Speaker 4: on TikTok be cause you little known fact about me
Speaker 4: that's only little known if you don't follow me on
Speaker 4: my personal socials is I have an addiction to exotic
Speaker 4: plants like I really like buying like very gated monsters.
Speaker 4: I've got a few Tai constellations. I've definitely spent a
Speaker 4: lot of money on a few al but anything that.
Speaker 6: Is hard to get me hold off.
Speaker 2: Yeah, I'll show you later.
Speaker 6: I got beautiful and so jealous.
Speaker 4: Yeah, would you say a guilty pleasure like they're like
Speaker 4: my children. I will show you them when you come
Speaker 4: to my house anyway to be gifted four cuttings. People
Speaker 4: pay for those, so that is, and they're very expensive,
Speaker 4: like a cutting of a very gated MONSTERRA is like
Speaker 4: at least one hundred and fifty dollars each. Anyway, for
Speaker 4: those of you who might follow me on my personal account,
Speaker 4: I bought my elbow from her brother in No, from
Speaker 4: her brother in law, like I'm in the plant community
Speaker 4: now like I'm not, but like I just I'm in
Speaker 4: the no guist.
Speaker 2: She knows, she knows.
Speaker 5: Just need it on record that I keep hearing very
Speaker 5: gay monster up.
Speaker 2: It's a very gay monster. You know what that looks like?
Speaker 2: Why don't you have one? I can't fully they don't
Speaker 2: have a very gay monsterra.
Speaker 4: You know what, I'll take it. What's next money win?
Speaker 4: Because Beck's already lost it.
Speaker 6: The next money win is from Deborah and she said,
Speaker 6: I just said yes to the dress. Thanks to Marketplace.
Speaker 6: My dress retails for four thousand dollars, and I found
Speaker 6: it online for twenty five hundred with a veil. Money
Speaker 6: Win bargained it to two thousand without the veil and
Speaker 6: we tried on. It was a little bit big and
Speaker 6: it had a stain, so I offered fifteen hundred dollars,
Speaker 6: isn't she agreed? Oh my gosh, how good is that?
Speaker 2: A little hustler turn out of ten?
Speaker 6: Huge saving there. My next money win comes from Kim,
Speaker 6: who said I had a medical procedure on Monday, which
Speaker 6: I was told was going to cost me three hundred
Speaker 6: and eighty dollars out of pocket. After the procedure they
Speaker 6: told me it was one hundred percent covered by Medicare.
Speaker 6: I love that money week price, that's unreal. And then
Speaker 6: my last money win for this week came from Bridget
Speaker 6: who said I got rush ticks on today, ticks to
Speaker 6: see Come from Away, so good and amazing seats one
Speaker 6: hundred and forty dollars tickets for forty five.
Speaker 5: Oh, were you confused to I it was?
Speaker 2: I thought it was.
Speaker 6: I think a rush tick is like a last minute
Speaker 6: ticket and this must be a platform.
Speaker 4: I had no idea, to be honest, when you said tick,
Speaker 4: I was like, that is a small bug that you I'm.
Speaker 2: Sorry that You've got.
Speaker 6: Great way if you're a theater girly to see some
Speaker 6: amazing shows I've heard come from Away is absolutely outstanding.
Speaker 6: I have used last ticks before and they are also great.
Speaker 6: That's tick with an X, not a C. That's how
Speaker 6: you got confused. Tick ticks.
Speaker 5: Ticks that is really really cool.
Speaker 6: Left it. That's because they're usually so expensive. Great my
Speaker 6: lastund support the arts round.
Speaker 4: All right, let's segue again into hopefully what is another
Speaker 4: money win?
Speaker 1: Beck?
Speaker 2: Have you got a broke tip for us this week?
Speaker 2: If so, what is it? Yes?
Speaker 5: Okay, So, I'm actually very excited for this new little segment.
Speaker 5: A few people wrote into me on my Instagram at becksied.
Speaker 2: I'm very grateful for you guys, and we're encouraging this. Yes,
Speaker 2: strongly encouraging this strongly encouraging, and thank you for supporting me.
Speaker 5: So my first one this week is from Sarah Luise,
Speaker 5: who said that if you are out of foundation, it
Speaker 5: needs to go to an event, or you just need
Speaker 5: a few days or a week until payday, pop into
Speaker 5: makeup giants such as Mecha or Sephora and grab a sample.
Speaker 2: Of something which I know I am smart.
Speaker 6: It's very very smart.
Speaker 5: I can't fully relate to the makeup side of things,
Speaker 5: but it did get me thinking about when you're going
Speaker 5: to an interview or a date, you don't have perfume, maya.
Speaker 4: Oh, just swing past, do a little bit of spritzy spirits,
Speaker 4: fritzy spirts and she smells expensive.
Speaker 2: Now smells expensive. I really really like this one.
Speaker 6: I do that a lot.
Speaker 2: Actually, you're quite smart, very clever.
Speaker 5: So my second broke tip for this week is from
Speaker 5: Karla who recommends.
Speaker 2: That I follow this person on Instagram. It is Jasmine or.
Speaker 5: Western and her handle or their handle is Jasmine seats.
Speaker 5: That's Jasmine without the E. At the end, she or
Speaker 5: they kind of give their under ten dollar recipes.
Speaker 4: F I haven't seen that one, but there's a few
Speaker 4: on TikTok that I follow.
Speaker 2: Jenny. I follow Jenny on TikTok.
Speaker 6: I love Jenny.
Speaker 2: Yeah. I think her user names like jen A or something.
Speaker 4: Anyway, she has like she goes to Kohle's or Woolies
Speaker 4: or whatever with like ten bucks and shows you like
Speaker 4: a good meal that you can make with ten dollars
Speaker 4: that will feed like family, which I think is really cool.
Speaker 6: Yes, it is Jenny one that does the mudcake CAx
Speaker 6: as well.
Speaker 2: I'm not sure. Tiamacmac. Yes, I love taback.
Speaker 6: Now that's some energy, wholesome energy.
Speaker 5: So I do just want to say, Jasmine shops at
Speaker 5: Woolworths so very accessible.
Speaker 2: Or you know, at least pretty accessible and gets.
Speaker 5: All of the ingredients from wool Wears and it's all
Speaker 5: under ten dollars and you can get some really really
Speaker 5: good recipes out of this, so healthy and fresh and
Speaker 5: fun and yeah, so that's kind of the I love
Speaker 5: that those are the broke tips for the week.
Speaker 2: It's your broke tip of the week.
Speaker 4: I'm very excited to hear because I just feel like
Speaker 4: You've got this brain that's like a little wizard and
Speaker 4: we all want to get inside and be like thank you,
Speaker 4: But what would Beck do? So we're all going to
Speaker 4: get like little plastic braces, so say wwb D and
Speaker 4: it's what would Beck do?
Speaker 2: That is so nice?
Speaker 6: So this is I have to be honest with you.
Speaker 5: I My broke tip was actually the spin off of
Speaker 5: Sarah Luise's broke tip, which is to go to my
Speaker 5: But I do want to say this, and this isn't
Speaker 5: something that I advise everyone to do, but a few
Speaker 5: years ago, when I needed to change my white joggers
Speaker 5: to black joggers, I colored the knockers permanent marker for
Speaker 5: oh shoes. Colored colored my shoes in with permanent marker
Speaker 5: for a hospo job. They didn't the whole shoe, the
Speaker 5: whole shoe, tongue and everything.
Speaker 3: You did.
Speaker 5: I promise, I promise it's correct. I want to know
Speaker 5: how better it Honestly, for the amount of time.
Speaker 2: I needed, it worked.
Speaker 5: It worked for like one or two days, but then
Speaker 5: once it rains it goes purple.
Speaker 4: Did you know that you can buy colledge changing shoes.
Speaker 4: That sounds expensive. I'm pretty sure and I did that.
Speaker 6: You can buy leather paint is another tip that would
Speaker 6: be a lot them buying a whole new shoe. Like
Speaker 6: if you just buy some black leather paint it's made
Speaker 6: to like paint shoes and stuff like that.
Speaker 2: Oh, that's way smarter.
Speaker 4: I was out of s You can just get some
Speaker 4: like rip dye and dunk them in die.
Speaker 5: Yes, yes, if you yes, I love that, so you
Speaker 5: don't have to go out and buy new shoes.
Speaker 2: Yes.
Speaker 4: Why are we bothering with these solutions when we could
Speaker 4: have just colowed them in.
Speaker 2: You could have called them in.
Speaker 5: And also I'm thinking if you want them to go
Speaker 5: back to white at some point you can just wash
Speaker 5: them straight out.
Speaker 2: What do you mean, just wash them straight?
Speaker 4: Not that it's do you know what? We're canceling the
Speaker 4: money tip there or the broke chip there because they're
Speaker 4: not going back to white. If you color your shoe in,
Speaker 4: disclaim it here. I'm not responsible for what happens if
Speaker 4: you try to have it your shoe. Please don't come
Speaker 4: for us patch test it. We're not promising that it works.
Speaker 6: That's very true, that's good, I believe you, but also
Speaker 6: don't want people to yell us now dms no, absolutely not.
Speaker 4: Someone taking that super sit They're like, this didn't even
Speaker 4: look professional.
Speaker 6: Jessica, I.
Speaker 5: Carry my high heels for my wedding in black, and
Speaker 5: they I don't know what happened.
Speaker 4: To try it with a pair of shoes that I
Speaker 4: don't wear anyone. Let's go to a break before we
Speaker 4: get the moreish tips, and on the flip side, we're
Speaker 4: going to talk about the best way to manage cash
Speaker 4: flow between multiple accounts, and we're going to talk about
Speaker 4: how to manage rent after a breakup.
Speaker 2: Don't go anywhere, guys.
Speaker 6: Welcome back, everybody. Let's listen to this week's money dilemma.
Speaker 4: Hi, there, have you got a money dilemma you just
Speaker 4: can't solve. The Sheese on the Money team is here
Speaker 4: to help. Every week, we tackle your dilemmas, both big
Speaker 4: and small, to answer your most burning money.
Speaker 2: Career and life questions.
Speaker 4: To get involved, simply head to our website and leave
Speaker 4: us a short voice recording and you might just find
Speaker 4: yourself on the show.
Speaker 2: Now, let's take a listen to this week's money dilemma.
Speaker 7: High ladies, purchase a home and we'll have access to
Speaker 7: an offset account where I plan to keep all my
Speaker 7: savings in to offset my mortgage. Someone who has ten
Speaker 7: different accounts for different purchases and expenses. Even my dog
Speaker 7: has its own savings account. I'm stuck on how to
Speaker 7: best manage my cash flow. Since I won't be able
Speaker 7: to have a subcategory in my offset and it'll just
Speaker 7: be one large amount of cash. It could potentially transfer
Speaker 7: out my fortnightly allocation for bills and daily spending, but
Speaker 7: this would then mean my account is an offsetting at
Speaker 7: its full potential. I thought about keeping an Excel spreadsheet
Speaker 7: where every time I get paid, I jop down how
Speaker 7: much is allocated to each category, but it would get
Speaker 7: really difficult to track if I had to make frequent withdrawals.
Speaker 7: Thank you so much, love the show.
Speaker 2: How wholesome. First question I have, guys, what do you
Speaker 2: think her dog is saving for?
Speaker 6: Acturely, I don't know.
Speaker 4: I was going to say it, and now I regret
Speaker 4: it because it's like, not even funny. I understand that
Speaker 4: you're probably like saving for your dogs costs or expenses,
Speaker 4: but that makes absolute sense. Jess, you budget this way,
Speaker 4: don't you. You have a savings account for everything?
Speaker 6: Yes, I do, but I don't have an offset so
Speaker 6: not yet?
Speaker 2: Whatnot yet?
Speaker 4: When you listen to the property playbook, you might get
Speaker 4: an update on where Jess is at in that process. However,
Speaker 4: I think this is actually a question for your mortgage broker.
Speaker 4: If you don't have one, obviously, check out Zella Money
Speaker 4: and they will hook you up. But you can actually
Speaker 4: find a bank that would have multiple offset options. So
Speaker 4: some banks might say, okay, Beck, you only get one
Speaker 4: offset account, But there are a lot of banks that
Speaker 4: also will let you have as many offsets as you
Speaker 4: would like.
Speaker 2: So that's the circumstance I'm in.
Speaker 4: I can have as many as I want, and I
Speaker 4: can use them for whatever I want, and I have
Speaker 4: you know, different savers set up so that every single
Speaker 4: dollar that comes into my bank account is working as
Speaker 4: hard for me as I do free. And I think
Speaker 4: that that's really important because obviously, you know, if you've
Speaker 4: got a mortgage, you kind of want to offset the money,
Speaker 4: especially when the interest rates are as high as they
Speaker 4: are today. The other way that you could manage it
Speaker 4: is going back to basics. So let's say that you
Speaker 4: have had a conversation with your broker and the best
Speaker 4: possible outcome for you is a bank that only allows
Speaker 4: you to have one offset account. You could go back
Speaker 4: to basics and kind of have an app or a
Speaker 4: spreadsheet or a system that enables you to track how
Speaker 4: much is in each account technically but keeping it in
Speaker 4: one lump sum, and then you know, drawing off that
Speaker 4: to your cash flow. Personally, I would say that if
Speaker 4: your broker suggests that the best outcome for you is
Speaker 4: a bank that only allows one offset, when you've said
Speaker 4: that that's really important to you, to me, that's a
Speaker 4: little bit of a red flag, because when you're getting
Speaker 4: a mortgage, the most important thing is not just the
Speaker 4: interest rate. There's so much to take into consideration, there's
Speaker 4: your personal circumstances, how flexible it needs to be, whether
Speaker 4: you're going to be fixed or variable, whether you need
Speaker 4: multiple offset accounts, whether you need you know, lots of
Speaker 4: different things, lots of different considerations. Some mortgages only allow
Speaker 4: you to pay off up to a certain amount in
Speaker 4: addition each and every single year, and you might go, well, actually,
Speaker 4: I really want to do more than that. So you
Speaker 4: need to look into every single semantic of your loan
Speaker 4: before you get involved, because I think a lot of
Speaker 4: people just look at that interest rate and go I
Speaker 4: want the lowest interest rate, and it's like okay, But
Speaker 4: with the lowest interest rate might come additional fees and
Speaker 4: a few constraints that you might not want to consent to.
Speaker 4: So understanding what you're signing up for is really important.
Speaker 4: But I guess TLDR i'd be talking to your broker
Speaker 4: and asking, hey, friend, what bank can I go with
Speaker 4: that will give me as many offsets as I want
Speaker 4: because that's how I budget in cash flow, and that's
Speaker 4: really important to me.
Speaker 2: Is basically where i'd be going.
Speaker 4: And if you don't have a broker, obviously shameless plug again,
Speaker 4: just go see Kate, because you'll.
Speaker 2: Saw you out turn out to you love Kate, Love Kate. Yeah,
Speaker 2: we will. You have to shoos your colleague. They're the rules.
Speaker 2: I made them.
Speaker 6: Every Yeah.
Speaker 4: Yeah, I just get all these people together and I'm like, now, Keith,
Speaker 4: like it's very, very important. But is there anything you
Speaker 4: guys would like to add to that. I feel like
Speaker 4: it was relatively straightforward. Get more offset accounts.
Speaker 6: Yeah. I like budget that way, so I feel like
Speaker 6: when I one day buy a house, that'll be something
Speaker 6: that I try and prioritize for sure.
Speaker 2: Beck, what's your advice?
Speaker 5: I would say that you're doing a great job and
Speaker 5: keep it up.
Speaker 2: Oh my gosh.
Speaker 4: All right, We've got a bit of a spicy DM
Speaker 4: to share with you this week. And I say it's
Speaker 4: spicy one because of the topic. But two, you know
Speaker 4: what Jess said off air before we got recording, Beck,
Speaker 4: She said she thinks that you, Jess and I we're
Speaker 4: going to be fighting over what we think is right
Speaker 4: and wrong here, so you might see the first ever
Speaker 4: she's on the Money street fight.
Speaker 2: Straight. Do you know what?
Speaker 4: Jess gorgeous, stunning, like one of the hottest people I've
Speaker 4: met in my entire life. Really intelligent, and then she
Speaker 4: comes out with stuff like that and you're like, you
Speaker 4: really are from the West Side, aren't you.
Speaker 2: She's got a little bit a little bit of West
Speaker 2: Side in it. Yeah, I believe that she could. I believe.
Speaker 4: Yeah, sometimes I'm a little bit scared. You just got
Speaker 4: a tread with caution. Anyway, this week's community dilemma like this, Hey, girls,
Speaker 4: need your advice. My partner and I recently broke up.
Speaker 4: We lived in a sharehouse with two of his friends.
Speaker 4: There are three bedrooms, and we shared the biggest bedroom
Speaker 4: and had a private bathroom, so we both paid a
Speaker 4: little bit more rent than the other housemates. After the breakup,
Speaker 4: I'm moving back home and he's staying in the house.
Speaker 2: However, he's asked me to keep paying.
Speaker 4: My rent for the next few months, as he can't
Speaker 4: afford both his and my portion of the rent. I
Speaker 4: think maybe him and the other two housemates should be
Speaker 4: splitting this extra rent between them until they find a solution.
Speaker 4: But then the other housemates find this unfair, which I
Speaker 4: can understand, as why should their rent increase just because
Speaker 4: we broke up and I'm moving out? Do I keep
Speaker 4: paying rent even though I don't live there anymore. Of
Speaker 4: course I don't want to, but I don't want to
Speaker 4: put financial stress on anyone. The whole thing is very messy,
Speaker 4: and any advice is appreciated.
Speaker 6: So I'm going to operate on the assumption here that
Speaker 6: it's a twelve month lease. Okay, right, yes, Well I
Speaker 6: don't know it's because I'm assuming if they were not
Speaker 6: on a twelve month lease, they were month to months,
Speaker 6: you would just give your notice to fake ate like
Speaker 6: you would no matter what. So just setting that as
Speaker 6: the ground shot point for all of our perspectives. Who
Speaker 6: wants to take it away?
Speaker 4: Now, you guys can go, because I feel like I
Speaker 4: am going to be opinionated on this because I went
Speaker 4: through this and I was the one that broke up.
Speaker 5: Okay, well, then I think just go to you can
Speaker 5: go first.
Speaker 6: Okay. I think that assuming you've signed on to a
Speaker 6: twelve month lease, that is your financial responsibility. Like everyone
Speaker 6: has moved into this house on the agreement that we
Speaker 6: will be living and we will be paying these amounts
Speaker 6: for twelve months, regardless of your personal life, regardless if
Speaker 6: you were splitting, regardless if you decided to add a
Speaker 6: third person to your room and split the rent three
Speaker 6: ways with them, like your room and the two other
Speaker 6: rooms have an agreed value that you have all said
Speaker 6: you will pay for twelve months. So if you've broken up,
Speaker 6: it's not the housemates problem. The amount that they're paying
Speaker 6: should not change, full stop, end of story between you
Speaker 6: and your partner. I kind of feel like, again, you've
Speaker 6: both agreed to pay this rent for twelve months. So
Speaker 6: as much as it sucks that you're moving out, and
Speaker 6: as much as it sucks that you've broken up, it
Speaker 6: is still your financial responsibility. Are there ways around that? Absolutely?
Speaker 6: Like could you split the room like some nights, like
Speaker 6: maybe you rotate between your parents' house and there shared custody.
Speaker 6: I don't know.
Speaker 4: Could you imagine, could you look at it? I couldn't
Speaker 4: imagine anything worse.
Speaker 2: I can't think.
Speaker 6: You mean there are other options you can explore. Do
Speaker 6: you look at both of you moving out? Like replacing
Speaker 6: yourselves with another couple or somebody else also an option
Speaker 6: on the table. But I just think that ultimately you
Speaker 6: have signed a contract. That's what a lease is. You
Speaker 6: need to adhere to that contract, regardless of if you're
Speaker 6: living there or not. If everyone in the house wanted
Speaker 6: to break the lease, you would have obligations to the
Speaker 6: property management company or to your landlord. And I think
Speaker 6: that should still stand, even though there's like personal dynamics
Speaker 6: that are now coloring that. And I know that that's
Speaker 6: a harsh point to take.
Speaker 5: But how all, okay, okay, I think if what you're
Speaker 5: saying is true.
Speaker 4: If the assumptions Jessica Ricci has drawn the twelve monthly, assuming.
Speaker 5: The twelve monthly thing, I tend to agree with you. However,
Speaker 5: it does sound like it's leaning more toward your regular
Speaker 5: sharehouse vibe, in which case there's not a lot of
Speaker 5: commitment there when you're just like in a share house.
Speaker 5: I would just say, if, hey, if you want to
Speaker 5: stay in this house that we both moved into so
Speaker 5: you can live with your friends, then you're going to
Speaker 5: have to pay the rent. But if we both kind
Speaker 5: of ford the anemore because we're splitting up, then we'll
Speaker 5: both have to move out. But if your friends want
Speaker 5: him to stay there, then they can all agree on
Speaker 5: a different rent price. Doesn't mean that I'll be paying equal,
Speaker 5: but maybe one of them can.
Speaker 2: Make the situation.
Speaker 5: Maybe they like the living situation and they're willing to
Speaker 5: pay a little bit more to keep him there and
Speaker 5: keep the dynamic and stuff like that. But honestly, it
Speaker 5: sounds very share housey, and I feel like he can
Speaker 5: get out of this situation easily if he wanted to.
Speaker 5: But seems like he's just really comfortable and he doesn't
Speaker 5: want to pay any more rent, which I think is
Speaker 5: a little bit unfair.
Speaker 6: That's the case, I feel like he should move out,
Speaker 6: Like I feel like it's a case of either like,
Speaker 6: you both continue to pay the rent and you decide
Speaker 6: who lives there or what that situation looks like, or
Speaker 6: you like, one of you moved out and the other
Speaker 6: takes on the full amount of the rent, or you
Speaker 6: both move out and replace yourself. Yes, what do you
Speaker 6: think what happened when you So you're going to be like.
Speaker 2: No paid it all? No, not paid at all? No patriarch,
Speaker 2: Oh my god, patriarchy.
Speaker 4: Okay, So the way I was going to start if
Speaker 4: you had left me was was around how you structured
Speaker 4: I guess the rent, Like, let's say there was like
Speaker 4: three bedrooms and one of the bedrooms was significantly more, Like,
Speaker 4: are you just allocating rent based on the three bedrooms
Speaker 4: that exist?
Speaker 2: In going? Okay?
Speaker 4: Bedroom ones worth two hundred dollars, bedroom twos where three
Speaker 4: hundred dollars, and bedroom flours worth five hundred because of
Speaker 4: the different facilities associated and attached to that room.
Speaker 2: Right.
Speaker 4: Yeah, So when I used to live in a sharehouse,
Speaker 4: which some of you have probably come to string together,
Speaker 4: was relatively toxic. I also was going through a breakup
Speaker 4: with my partner at the time, and we were arguing
Speaker 4: a lot, but it was about whether he should pay
Speaker 4: for my portion if I was leaving, and about who
Speaker 4: should take that on. So the way we split rent
Speaker 4: was based on the bedrooms, so it wasn't based on
Speaker 4: the occupants of the bedroom because if you want to
Speaker 4: bring down your rent beck you could get a roommate,
Speaker 4: like you could just you know, share that room with whoever.
Speaker 4: So we would split the rent via three because there
Speaker 4: were three bedrooms, but there were four people living in
Speaker 4: the house, so we split bills by four because we went, okay,
Speaker 4: col that bedroom you can use however you want, is
Speaker 4: a two hundred dollars a week bedroom or whatever it was.
Speaker 4: But the bills are all equal because we all draw
Speaker 4: you know, basically the same amount of power. Like unless
Speaker 4: you're going to get real petty and talk about the
Speaker 4: light in the bedroom. But like we all shower, we
Speaker 4: all use the kitchen, et cetera. So that's how we
Speaker 4: split it. And so I think it's really it's smart
Speaker 4: before you're moving in with somebody to really consider, Okay, well,
Speaker 4: what if this relationship didn't work out? I have said
Speaker 4: so many times, plan for the worst, expect the best.
Speaker 4: So like, let's go, beck, if you moved in with
Speaker 4: a partner and that bedroom was three hundred and fifty
Speaker 4: dollars a week and you genuinely couldn't afford it if
Speaker 4: your partner and you broke up, like, what would be
Speaker 4: the solution there? And I think having that conversation before
Speaker 4: moving in is really important. It's not very sexy, but
Speaker 4: I do think it's important and would have saved this argument.
Speaker 2: I also look at it and go, okay.
Speaker 4: I don't think it's the housemate's responsibility because you're the
Speaker 4: ones that said, okay, I'm committing to this room, and
Speaker 4: you committed to them as much as you committed to
Speaker 4: your partner.
Speaker 2: In my opinion, like if the.
Speaker 4: Three of us moved in together and I brought my
Speaker 4: husband Steve like me saying okay, well, I'll take the
Speaker 4: expensive room because it's the two of us that takes
Speaker 4: the financial pressure off you guys, and I've agreed to
Speaker 4: do that. I can't just change my mind later because
Speaker 4: it doesn't work out for me. Like, my personal life
Speaker 4: is not your responsibility, and vice versa, so I don't
Speaker 4: think that's fair to put it on the how the housemates.
Speaker 4: I think you and your partner should work it out.
Speaker 4: In my circumstance, I moved out because I don't know
Speaker 4: if you've met me, But I'm the type of person
Speaker 4: that's like, I'm leaving and then wants.
Speaker 2: To be dramatic.
Speaker 6: Shit is the drama.
Speaker 2: I'm the drama.
Speaker 4: So I wanted to leave, and I did, but I
Speaker 4: continue to pay rent until we had agreed that that
Speaker 4: would be fair. So then the conversation came up, Yes,
Speaker 4: that person took over my portion of the rent and
Speaker 4: that room was expensive. Who knows what happened after that,
Speaker 4: not my circus, not my monkey's, not my business. But
Speaker 4: we agreed, Okay, cool, Like we've decided to part ways
Speaker 4: for a few weeks while you work out what you're doing,
Speaker 4: but like, I'm not committing to this ongoing, so you
Speaker 4: can either continue to pay it, or they can find
Speaker 4: a new housemate who is willing to pay it because
Speaker 4: it was never a completely unreasonable amount. I think that's
Speaker 4: one of the risks when you move into a house,
Speaker 4: Like let's say there were four people in the house
Speaker 4: and you decided to split rent equally between all four people.
Speaker 4: I think that's where you run into a little bit
Speaker 4: of trouble because that financial burden then is doubling somebody
Speaker 4: else's rent. And I guess the way you're splitting it
Speaker 4: means that people aren't.
Speaker 2: Going to feel like it's so fair.
Speaker 4: Whereas if you just put a number and this is
Speaker 4: the value of each bedroom, like you can have that
Speaker 4: bedroom and do with it what you want, Like that's
Speaker 4: your private space. Beck if you want to get like
Speaker 4: five housemates and put bunk beds in there, like I mean,
Speaker 4: people aren't probably going to consent to that, but you
Speaker 4: could technically do that because it's your room to share.
Speaker 4: Whereas I think that splitting it per head gets a
Speaker 4: little bit dangerous, especially if somebody leaves, because and it
Speaker 4: really needs to be renegotiated, and it's about that conversation, right, like,
Speaker 4: oh well, what if Jess leaves, then there's three of us,
Speaker 4: do we need to split it equally? Like, it's just
Speaker 4: so much easier to put a price on her bedroom
Speaker 4: and be like, Okay, cool, that bedroom's worth X. And
Speaker 4: then it's the responsibility of the people in it to
Speaker 4: work their own stuff out.
Speaker 2: It's not housemates' responsibility.
Speaker 6: Yeah, I agree, agreed.
Speaker 2: Jessica thought we were all going to have a fight.
Speaker 6: I think that once the mics turned off, she's going
Speaker 6: to come for it. She's savage.
Speaker 4: But we did ask our community about it, so we said,
Speaker 4: have you experienced a housemate unexpectedly moving out? Forty eight
Speaker 4: percent of you said, yep, life happens. Life happens If yes,
Speaker 4: who paid their rent?
Speaker 2: Like this?
Speaker 4: I feel like it's hard because it's not just like,
Speaker 4: oh I did a partner break up with you. It's
Speaker 4: like if your housemate moved out, who paid the rent?
Speaker 4: So sixty one percent of you said they paid the
Speaker 4: rent until we found someone new, which I think is fair,
Speaker 4: And then thirty nine percent of you said I paid
Speaker 4: the rent until we found someone new.
Speaker 6: Oh. I just don't think anyone should be responsible for
Speaker 6: somebody else's choices financially.
Speaker 2: No, neither.
Speaker 4: It's funny because I used to have a housemate way
Speaker 4: back when, same toxic house. You're not going to be
Speaker 4: surprised to hear this. Who would be like, Oh, I
Speaker 4: shouldn't have to pay rent over Christmas because I actually
Speaker 4: go back to my parents' house. Yeah, when breaks off,
Speaker 4: I go back. And we were like no, like, I
Speaker 4: don't care if you're off, you need for three months
Speaker 4: and living at your parents' house that's technically still your bedroom.
Speaker 4: And she'd be like, well, I'll sublease it, and we
Speaker 4: were like yeah, cool, like one our lease agreement says
Speaker 4: it's no subletting, but to none of us would be
Speaker 4: comfortable with a random living here for three months, like
Speaker 4: we don't want to do this.
Speaker 2: And then she thought we were the.
Speaker 4: Devils, like because she was like, I am actively choosing
Speaker 4: to go and live somewhere else, and now it's your burden, Jess, Oh,
Speaker 4: it's just the same housemate that stole my underwear.
Speaker 6: And also throughout all the meat must sound so.
Speaker 4: Do you know what I'm going to do a little
Speaker 4: stalky stalk later and see that person's out right now.
Speaker 6: Love to know.
Speaker 2: Let's do that together, Yes, let's.
Speaker 6: Do that all right?
Speaker 4: So next we asked if you were in this situation,
Speaker 4: who would you expect to pay the rent? Sixty two
Speaker 4: percent of you said the partner who is still living
Speaker 4: at the house. Fifteen percent of you said the partner
Speaker 4: who is moving out of the house.
Speaker 2: So that's quite low. I thought that was five.
Speaker 4: Yeah, and twenty three percent of you said the partner
Speaker 4: living there and the housemates should cover it.
Speaker 2: Yes, I don't think the housemates should cover it at all.
Speaker 6: Yeah, I was I saying my real life, like, I
Speaker 6: don't really care how the partners work it out, Like,
Speaker 6: I think that's between you and your relationship. Do I know,
Speaker 6: I can your financial situation. The line in the sand
Speaker 6: for me is around the housemates. It's not their problem.
Speaker 4: No, no, And we had a few good messages that
Speaker 4: shed a little bit of insight. So we had one
Speaker 4: that said, hello, I'm a property manager, so I might
Speaker 4: be able to help here. If there isn't anything in writing,
Speaker 4: she isn't responsible. And then in brackets, always have a
Speaker 4: lease even when you sublet, so it comes down to
Speaker 4: what she wants to do morally, Yeah, which I think
Speaker 4: is you know fair. Someone else said if the lease
Speaker 4: a periodic lease month to month, So I think they
Speaker 4: went down the same thought process as missage.
Speaker 6: Really that's a big factor.
Speaker 4: And on that lease, they need to give twenty eight
Speaker 4: days notice and make sure rent is paid up until
Speaker 4: that date, or they can leave before the twenty eight days,
Speaker 4: but still need to make sure that they've paid their
Speaker 4: rent up until that date. If it's a fixed term lease,
Speaker 4: it's more complicated and you really should be speaking to
Speaker 4: your real estate agent or your landlord from personal experience.
Speaker 4: If they've done the right things, you either split the
Speaker 4: amount between the remaining housemates or you get someone else
Speaker 4: in it to cover that portion. Someone else said, did
Speaker 4: they cheat though, Yeah, if it's a shipbreaker up, yeah, yeah,
Speaker 4: I mean if you want to play that game, I
Speaker 4: will make it your financial burden.
Speaker 2: Sorry, you chose that life.
Speaker 4: Yeah, Like, if you want to do that, that's now
Speaker 4: your responsibility, and I back anyone who makes that decision.
Speaker 4: Someone else said, if they both got the place together,
Speaker 4: then it's both their responsibility to pay and find a
Speaker 4: solution to someone taking over that room. Unless the ex
Speaker 4: wants to stay in that room, then he should pay
Speaker 4: for the whole thing because she's moving out and that's
Speaker 4: the solution only my opinion, though, I think that's really,
Speaker 4: really quite smart. A few other comments just said split
Speaker 4: between the partners. Maybe other people said.
Speaker 2: Did they cheat? Did you cheat? What happened?
Speaker 4: I feel like a lot of people want to know
Speaker 4: the semantics of this breakup, because, after all, we are
Speaker 4: the She's on the money community, and we do encourage
Speaker 4: perfect questions, but we will not be asking our DM
Speaker 4: this week how that happened, because she's on the relationship
Speaker 4: where she's on the money. But I think summary of
Speaker 4: that is it's between the two of you, it's not
Speaker 4: actually between the housemates.
Speaker 2: And from what it sounds like, your.
Speaker 4: Partner wants to stay in that house, which means he
Speaker 4: wants to take over that lease. I would agree, yeah,
Speaker 4: if he wants to do that, and then he can
Speaker 4: work that out. However he wishes to work it out,
Speaker 4: and if he does it with his housemates, like, that's
Speaker 4: not your circus, not your monkeys.
Speaker 6: Interesting, no fight to be had.
Speaker 2: Wow, damn, I really thought this was going to get spicy,
Speaker 2: and I was kind of excited. Tso kind to each other. Yeah,
Speaker 2: we'll have a fight later. All right, let's go.
Speaker 4: I want to get fish pole for lunch, and I
Speaker 4: hope you guys, have the best weekend.
Speaker 2: We will see you for money Darries on Monday. See
Speaker 2: you later.
Speaker 6: Bye bye.
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