Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerney 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.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money the Podcast
Speaker 4: Millennials who want financial freedom.
Speaker 2: Welcome back to another one of our Money.
Speaker 4: Diary episodes where I get the absolute privilege of sitting
Speaker 4: down and talking to one of our incredible She's on
Speaker 4: the Money community members all about their money story. Let's
Speaker 4: jump straight into it because I got a message this
Speaker 4: week and it sounded a lot like this. Hi, team,
Speaker 4: I'm twenty two and have ADHD. I have a lot
Speaker 4: of anxiety around money, and I believe it's because of
Speaker 4: the way my mum spoke about money as she was
Speaker 4: unfortunately put in a financial pickle after she split from
Speaker 4: my dad. I would love to talk about how ADHD
Speaker 4: and how you grew up around money affects you. I
Speaker 4: also worked in stuperanuation for nearly four years and recently
Speaker 4: quit due to my mental health to embark on a
Speaker 4: new journey.
Speaker 2: Which has also affected me financially. Money Darist, welcome to
Speaker 2: the show. Hi, Oh my gosh.
Speaker 4: I am very excited to speak to someone who also
Speaker 4: has ADHD. I feel like we're basically going to have
Speaker 4: some very fun similar anecdotes. But let's jump straight into
Speaker 4: the questions because I'm excited for this one. As always,
Speaker 4: at the start of every episode, I ask this question.
Speaker 2: So I'm dying to hear your answer.
Speaker 4: Money Doarrist, what grade would you give your money habits
Speaker 4: if I asked you to give them a grade from
Speaker 4: A through to F.
Speaker 3: I did think a lot about this. I'm gonna give
Speaker 3: myself about a C plus.
Speaker 4: A C plus all right, we can talk about that
Speaker 4: one later. But now my favorite question, money Dores, can
Speaker 4: you tell me a little bit more about your money story?
Speaker 3: Yes? So, I was diagnosed with ADHD in December last year,
Speaker 3: so it hasn't even been twelve months yet. My whole
Speaker 3: life is making so much more sense now. But when
Speaker 3: I was nine, my parents split up, so as part
Speaker 3: of that, my mom purchased my dad out of our house.
Speaker 2: Queen behavior, I get it, Mum.
Speaker 3: Yep. My parents have two very very different outlooks on money.
Speaker 3: I guess you'd say Mum has definitely been more conservative,
Speaker 3: trying to save where she can. She's still paying off
Speaker 3: the house, whereas Dad is someone that just spends it
Speaker 3: willing nilly and yeah, doesn't really stave or anything like that.
Speaker 3: So yeah, two complete polar opposites. And I think, especially
Speaker 3: with interest rates and stuff rising at the moment, Mum
Speaker 3: can be a bit stressed about the mortgage payments.
Speaker 2: For good reason.
Speaker 3: It is very stressful, Oh yeah, especially when she's got
Speaker 3: me and my younger brother that live at home, so like,
Speaker 3: we do help out where we can, but yeah, she
Speaker 3: sometimes will project that stress onto us, which you know,
Speaker 3: completely understandable, she's just venting, but it does sort of
Speaker 3: give me a bit of anxiety.
Speaker 4: Creates tension for sure, yeah, for sure, and then you
Speaker 4: probably end up in silly arguments over not what you're
Speaker 4: actually talking about yep, relatable.
Speaker 3: Yeah, that, as I mentioned in my entry, Yeah, I've
Speaker 3: worked in superannuation for nearly four years. So I quit
Speaker 3: in August and I was working full time, so I
Speaker 3: was working in the contact centers across a few of
Speaker 3: the different superannuation funds. So I've got quite a lot
Speaker 3: of knowledge on superannuation. So I started there just before
Speaker 3: I turned nineteen.
Speaker 2: Oh, very cool.
Speaker 3: So yeah, got on.
Speaker 2: It really early obviously.
Speaker 4: Side note, I always promote the contact centers at superannuation
Speaker 4: funds because I'm like, guys, if you don't know about super,
Speaker 4: call the contact center because you're already paying the fees
Speaker 4: for it.
Speaker 2: It is free. How many people.
Speaker 4: Were calling you and being like I don't really know
Speaker 4: much about Super, did you get to have these awesome
Speaker 4: conversations with people where they went away and went, oh
Speaker 4: my gosh, it makes so much more sense now.
Speaker 3: Yeah. So I started off on the phones because I
Speaker 3: started just before COVID hit. So it was really interesting
Speaker 3: seeing the difference before and after COVID, especially with people
Speaker 3: with drawing their ten thousand tax free.
Speaker 1: Ah.
Speaker 2: Yeah, you would have gone through so much of.
Speaker 3: That, Yeah, and the investments dropping and all that. That
Speaker 3: kind of stuff. So yeah, it was really busy at
Speaker 3: that time. But yeah, I noticed like afterwards as well,
Speaker 3: people came to us with questions and had a better
Speaker 3: understanding of their SUPER, which was really good. But it
Speaker 3: was also really good because I became a trainer and
Speaker 3: a coach, and then I became a team leader within
Speaker 3: the contact center. So yeah, it was really nice. And
Speaker 3: I was training people that didn't know much about their
Speaker 3: SUPER and then they could share what they had learnt
Speaker 3: as well, which was really nice.
Speaker 2: Oh how cool. I love it. So tell me a
Speaker 2: bit more.
Speaker 4: Obviously, you've just quit your role in a contact center
Speaker 4: for superannuation after four years. What do you currently do
Speaker 4: for work and how much money do you earn?
Speaker 3: So I'm currently a studio coordinator at a Polarates studio.
Speaker 2: Oh very cool.
Speaker 3: Yeah, and I'm actually studying my certificate in Polarates. So
Speaker 3: I finished that in a couple of weeks.
Speaker 2: Oh exciting. That is a very big pivot, isn't it.
Speaker 3: Yeah. So I'm currently earning about thirty dollars an hour
Speaker 3: during the week, and then I get weekend rates which
Speaker 3: is about thirty five an hour, and I do between
Speaker 3: twenty to twenty five hours a week, like my pay
Speaker 3: will kind of fluctuate each fortnight. But it's definitely a
Speaker 3: big job because when I was working full time, I
Speaker 3: was on seventy five thousand, including super But we're making
Speaker 3: it work.
Speaker 4: So what planning did you do before leaving? So obviously
Speaker 4: you left because of your mental health, as mentioned in
Speaker 4: your submission, which I think is so important, and I'm
Speaker 4: really proud of you for making that decision because it
Speaker 4: can be something that so many people just stick to
Speaker 4: irrespective of whether it's the best decision or not. So
Speaker 4: how did you make that decision and what kind of
Speaker 4: like budgeting or planning did you do for this move?
Speaker 3: Look, honestly, it wasn't the way that I would have
Speaker 3: lacked it to have gone, because I do my Plati's
Speaker 3: course one weekend a month, So the plan was originally
Speaker 3: just to be sort of doing that and then I
Speaker 3: would quit once I'd finished my course. And from about
Speaker 3: February to August, I was working at the party studio
Speaker 3: as well as working that full time job, so I
Speaker 3: was working heaps. Yeah, was pretty much just trying to
Speaker 3: put away any money that I could smart. I also
Speaker 3: had a bunch of annual leave so I didn't take
Speaker 3: any unless I had to for UNI, like a unique
Speaker 3: exam or something, and then, yeah, I pretty much just
Speaker 3: got my lumps from that when I left, because when
Speaker 3: I did leave, it was sort of I just had
Speaker 3: had enough and I just couldn't hold on anymore. So
Speaker 3: I gave it six weeks notice, which was more than
Speaker 3: what I.
Speaker 4: Had to That's very kind of you, Yeah, especially when
Speaker 4: you're like, I'm already overwhelmed, but I'm still trying to
Speaker 4: do the right thing.
Speaker 3: Yeah, exactly. So I gave six weeks notice, and so
Speaker 3: I pretty much had six weeks to sort my stuff out,
Speaker 3: and I've pretty much used up all of the money
Speaker 3: that I did have, but we're making it work. My partner,
Speaker 3: he's really good with his money, so he's very generous
Speaker 3: and helps me out when I need it, which is
Speaker 3: really nice.
Speaker 2: That's very kind.
Speaker 3: Yeah, very lucky.
Speaker 4: I'm just so pervy, Like it's not she's on the money.
Speaker 4: If I'm not grilling you about your financial circumstances, is
Speaker 4: that and.
Speaker 2: What's that mean? How does that work?
Speaker 4: It's like questions that I feel like I can only
Speaker 4: ask on the podcast, of course, Whereas like you know,
Speaker 4: if you and I met in public, I'd be like, oh,
Speaker 4: you're a Plarti's instructor.
Speaker 2: That's nice. How much money do you want? So it's
Speaker 2: inappropriate Victoria.
Speaker 4: But what happens once you finish your training and you
Speaker 4: become like a fully qualified pilarates instructor, What does your
Speaker 4: annual salary look like? Then?
Speaker 3: So it kind of depends on how many classes you teach.
Speaker 3: So I'm not one hundred percent sure of what the
Speaker 3: earning is at my studio. I have a rough idea
Speaker 3: it's normally anywhere between like forty five and fifty five
Speaker 3: dollars per class. When I was looking it up, you
Speaker 3: can earn anywhere between like forty five and I think
Speaker 3: one hundred and ten dollars per class. So yeah, and
Speaker 3: then obviously it depends on how many classes you're teaching.
Speaker 3: So I've already put my name down for a bunch
Speaker 3: of covers in December and January, which is really good
Speaker 3: because this year I'm not going away, so I'm just
Speaker 3: gonna each heap and save as much as i can. Yeah, yeah,
Speaker 3: I'm smart, Yes, So that's pretty much the goal. And
Speaker 3: then it'll just depend on how many classes I'm.
Speaker 4: Teaching and how far forward are we thinking with this? Like,
Speaker 4: I feel like this is a career that I feel like.
Speaker 4: I have a lot of friends who have gone into
Speaker 4: being pilates instructors, and they're like, I'm going to spend
Speaker 4: a few years just doing you know, casual classes.
Speaker 2: And then I want my own studio.
Speaker 4: Is this something that you've thought about or is this
Speaker 4: something you're like, Victoria, you are getting way ahead of
Speaker 4: yourself here.
Speaker 3: No, I have thought about it.
Speaker 4: I feel like you sound very intelligent. I feel like
Speaker 4: you've got a game plan here.
Speaker 3: Thank you. Yeah, so I'm actually studying at UNI to
Speaker 3: be a dietitian is a goal.
Speaker 2: Oh how fun?
Speaker 3: Yeah. So I'm studying a Bachelor of Health Science majoring
Speaker 3: in nutrition and Exercise science, and then I'll have to
Speaker 3: go on to do my master's and dietetics. Long term
Speaker 3: goal is to open my own business, so no one
Speaker 3: steals my idea. I'll keep it nice and short and sleek.
Speaker 4: I know, don't tell me I'm in though, Like, I
Speaker 4: know you're based near me, so like let me know
Speaker 4: when it opens. And I'm also bringing back business Bible
Speaker 4: content for you so we can like build your business together.
Speaker 3: We love it. Yeah, it's just gonna be like a
Speaker 3: health center. It's pretty much the goal. Fun.
Speaker 2: I love this.
Speaker 4: I was like, I feel like she's got bigger plans
Speaker 4: with this.
Speaker 3: Yeah, so hopefully part of it is that it will have,
Speaker 3: you know, a gym, and then a polity studio is
Speaker 3: part of it as well.
Speaker 2: I mean, I love it. I'm so excited to this.
Speaker 2: I'm so glad.
Speaker 4: I asked right back to the structured questions, my friend,
Speaker 4: I want to know what is your big money goal?
Speaker 4: What are you currently working towards.
Speaker 3: Currently, it's just making sure that I can pay for
Speaker 3: what I need to pay for. But you know, as
Speaker 3: I do start teaching more and all of that kind
Speaker 3: of stuff, I think it's just like having a saving
Speaker 3: slash an emergency fund. I did sort of have that
Speaker 3: and then I've had to use it, but that's what
Speaker 3: it's there for. Yeah, so just rebuilding that back up.
Speaker 4: Now, how I guess that leans into something you know,
Speaker 4: you saying, Look, I'm just really trying to make sure
Speaker 4: that I can pay for what I need.
Speaker 2: And that makes a lot of.
Speaker 4: Sense at this point in time, because obviously there's a
Speaker 4: number of, like I guess, financial stresses going from earning
Speaker 4: seventy five thousand down to you know, thirty dollars for
Speaker 4: about twenty to twenty five hours a week, which makes sense, right,
Speaker 4: But as a fellow neurospicy gal, I don't think historically
Speaker 4: when my salary has decreased, I've been oh, okay, I'm
Speaker 4: just going to make sure that I can pay for
Speaker 4: what I can pay for. What I did was bury
Speaker 4: my head in the sand to pretend it wasn't a problem,
Speaker 4: and that's how I ended up in such significant financial debt.
Speaker 2: So what does that look like for you?
Speaker 4: Is there something where you know, you mentioned that you
Speaker 4: were diagnosed in December last year. Is this medication driven?
Speaker 4: Is this therapy driven? Is this how you've always been?
Speaker 4: Because I'm like, that's not neurotypical behavior. Yeah, no, so
Speaker 4: I am on medication stunning same. Otherwise I wouldn't be
Speaker 4: a functioning member of society.
Speaker 3: Oh me too, I would be laying in bed asleep
Speaker 3: all day. Yeah.
Speaker 2: It's good, isn't it. It's avoidant yep.
Speaker 3: But I think too. I do work with psychologist who
Speaker 3: also has ADHD, so that's been really good. But I
Speaker 3: think also I also do have anxiety, so it sort
Speaker 3: of like depends on the day, like are we going
Speaker 3: to be ADHD today or are we going to be
Speaker 3: anxiety today?
Speaker 4: And sometimes you're both and it's really fun because I
Speaker 4: also have diagnosed anxiety depression and ADHD, which is just
Speaker 4: like a really big ball of fun and medications. But yeah,
Speaker 4: sometimes they like work against each other. So how do
Speaker 4: you track towards these big money goals when clearly there's
Speaker 4: you know, a lot in the background working against you,
Speaker 4: if we could say it that way.
Speaker 3: So for me, I'm religiously checking my bank accounts and
Speaker 3: my calendars seeing what I've got coming up, what I
Speaker 3: need to pay for, and it's really just a ball
Speaker 3: of anxiety of me trying to sort it out. So
Speaker 3: I don't get to an appointment and I'm like, ooh, sorry,
Speaker 3: you've already serviced me, but I can't afford it. So yeah,
Speaker 3: I do try where I can to plan ahead, and
Speaker 3: sometimes that does mean you know, moving an appointment a
Speaker 3: couple of days till that's after my payday. Yeah, so
Speaker 3: my partner sometimes helps me out. So in that circumstance,
Speaker 3: I'll you know, just ask him for a little bit
Speaker 3: of a loan and then I'll pay him back when
Speaker 3: I get my next pay.
Speaker 4: So to be honest, I just yallowed it all the
Speaker 4: way to get so hearing that I think. I'm just like,
Speaker 4: hold up, hold up, hold up. You said you're a
Speaker 4: C plus and now your C plus is.
Speaker 2: Starting to fall apart here, so I'm just like.
Speaker 4: Okay, we're probably going to have a little bit of
Speaker 4: an argument at the end of this episode, but that's okay.
Speaker 3: We haven't got around to my impulse buying.
Speaker 2: Oh that's okay, that's so fine. But the fact that
Speaker 2: you're so.
Speaker 4: Measured in going look, I actually just make sure at
Speaker 4: this point in time that I can pay for what
Speaker 4: I need to and then the next step is an
Speaker 4: emergency fund. Like girl, you've got your head screwed on,
Speaker 4: and I feel like that is a very good position
Speaker 4: to be in.
Speaker 3: Thank you.
Speaker 4: You mentioned impulse spending. I need to go to a break,
Speaker 4: but I really want to hear about that. So let's
Speaker 4: get the break over with it, and then we can
Speaker 4: jump straight in. I don't go anywhere. Guys, All right,
Speaker 4: money diarist, we are back, and I want to ask
Speaker 4: you straight off the bat, do you have any investments.
Speaker 2: If so, what are they?
Speaker 3: So I do have my super I looked it up
Speaker 3: the other day and it's about twenty five point five thousand.
Speaker 2: Hey, that's pretty good for your age. You're only twenty two.
Speaker 3: Yeah. So I do make an effort to put fifty
Speaker 3: dollars in every month. I've been doing that since pretty
Speaker 3: much I started working.
Speaker 2: Yeah, and you did that work just before you turned nineteen. Yeah, queen,
Speaker 2: you're going to be like greach Riach. I love this.
Speaker 3: Well. The goal is to just be that grandmar that
Speaker 3: can just pay for everything.
Speaker 4: And that's what I want to be too, Like I
Speaker 4: want to be rich Nana, like ten out of ten.
Speaker 3: Yeah, I try and put fifty dollars in there.
Speaker 4: A month, and that's above and beyond your compulsory super contribution.
Speaker 3: Yeap, So that's on top of it. So that is
Speaker 3: a personal contribution. And then I wasn't claiming the tax.
Speaker 2: I was about to say, are you keeping track of
Speaker 2: that for your accountant?
Speaker 3: On my own accountant?
Speaker 4: But you can be your own accountant when you do
Speaker 4: your tax returns.
Speaker 3: Yeah, So I don't do the claiming the personal contributions
Speaker 3: tax because I'm at the threshold where I can get
Speaker 3: the government co contribution.
Speaker 2: Oh, you're smart, smart, and if.
Speaker 3: I claim that section two ninety, I'm not eligible for
Speaker 3: the government co contribution.
Speaker 4: Okay, so you're going to have to break that down
Speaker 4: because a few people listening, I'm going to be like, Victoria,
Speaker 4: what is she talking about? Tell me a bit more
Speaker 4: about what happens with the government co contribution and how
Speaker 4: that works and why it cancels that tax only because
Speaker 4: I know you know.
Speaker 3: Yeah, So with the government co contribution, depending on your income,
Speaker 3: if you voluntarily put in one thousand dollars, you can
Speaker 3: get up to five hundred dollars back. You don't necessarily
Speaker 3: have to put in one thousand dollars. It's just they'll
Speaker 3: only match up to one thousand dollars. You've got to
Speaker 3: be an under a certain amount, and then there's different
Speaker 3: brackets under that amount is to how much they'll co contribute. Yeah,
Speaker 3: so yeah, you can't be claiming the tax back on
Speaker 3: that and then get the government co contribution. So yeah,
Speaker 3: if you've been putting money in your super once you
Speaker 3: do your tax return, if you're eligible, they'll just automatically
Speaker 3: put it in your account.
Speaker 2: Money win.
Speaker 4: And that's basically fifty percent back. And if you're on
Speaker 4: a normal quote marginal tax rate. That's thirty two point
Speaker 4: five percent. That's an instant money win.
Speaker 3: Yeah.
Speaker 2: How good is that? I'm obsessed.
Speaker 4: You're teaching my community and they're going to go away
Speaker 4: and just be richer because of you.
Speaker 2: Money weed.
Speaker 3: We love that.
Speaker 4: I am obsessed, especially because obviously a lot of people
Speaker 4: in our community are like me. I just don't have
Speaker 4: the funds to contribute more to Superannuation. I feel like
Speaker 4: sometimes fifty dollars can be really reasonable, Like it can
Speaker 4: be a really reasonable amount to contribute to super. You
Speaker 4: are actually having an impact, and look, you can get
Speaker 4: some cash back as well. And I feel like people
Speaker 4: need to know this stuff because otherwise you don't have
Speaker 4: as much motivation to do.
Speaker 3: It, exactly. And look, I've even just said to friends, like,
Speaker 3: even if you can just do five dollars, which is,
Speaker 3: you know, less than a cup of coffee.
Speaker 2: Still going to get two dollars fifty back exactly.
Speaker 3: Yeah, if you can just do that, because it's also
Speaker 3: compounding interest, so you know, whatever interest it makes that
Speaker 3: gets reinvested and it just goes around in this big circle.
Speaker 4: So yeah, obsessed, obsessed. All right, next question is, my friend,
Speaker 4: do you have any debts. If so, what are they?
Speaker 3: So I do have three point one thousand in personal
Speaker 3: loans to family, and then I do have my hex step,
Speaker 3: which is about seven point four thousand at the moment,
Speaker 3: but I have already started to pay some of that
Speaker 3: off because I was earning over the threshold when I
Speaker 3: was working full time.
Speaker 4: Oh very cool. So talk to me more about these
Speaker 4: three point one thousand dollars in personal loans. What were
Speaker 4: they for, how did you, I guess, accrue them, and
Speaker 4: what's your plan for them?
Speaker 3: So pretty much, my old laptop decided to just back
Speaker 3: touch on fire the day of my UNI exam.
Speaker 2: Oh no, It's always that way, isn't it.
Speaker 3: Yeah, And I do UNI online, so I really needed
Speaker 3: my laptop. Yeah, And I didn't have the money sitting
Speaker 3: in my bank account for a new MacBook Air.
Speaker 2: Most of us don't, so that's very relatable.
Speaker 3: Yeah. So I got lent some money to go and
Speaker 3: buy a new one the same day as my exam,
Speaker 3: and it was very stressful. And then there was just
Speaker 3: some other loans. I think I can't remember off the
Speaker 3: top of my head what it was for. But the
Speaker 3: plan is pretty much, once I'm earning that bit more
Speaker 3: money is just to make monthly payments.
Speaker 4: So yeah, nice, I like that to be honest. When
Speaker 4: you said, oh, I have a personal loan, I was like, oh, okay,
Speaker 4: is this way we're going to start talking about your
Speaker 4: impulse spending? But that actually just sounds like an essential
Speaker 4: cost that you didn't really have any choice in. Yes, well,
Speaker 4: let's talk about your impulse spending, my friend. That's not
Speaker 4: a structured question, but I want to know more about it.
Speaker 4: What does that look like for you? And how now
Speaker 4: you've been diagnosed, does that make a bit more sense.
Speaker 3: Yes, So I'm really bad, especially at Kmart. I would
Speaker 3: go to the shops for one thing. I would walk
Speaker 3: around and buy lots of stuff.
Speaker 4: You know, that's kmart strategy, right, Like they're not silly,
Speaker 4: they know how that works.
Speaker 3: I know, but I'd start, Why.
Speaker 4: Do you think they put the check out in the
Speaker 4: middle of the store, so you have to boil from
Speaker 4: one side of the store for one thing to the
Speaker 4: other side, and by the time you get back you
Speaker 4: have an armful of stuff.
Speaker 2: You picked up a basket. I know.
Speaker 3: My problem is though mine's in a shopping center like
Speaker 3: my local ones. So I'll start at Kmart so it
Speaker 3: is mine.
Speaker 2: It's a slipretty slope.
Speaker 3: Yeah. I will just pick up things and I'm like, oh, yeah,
Speaker 3: I totally need this, and I really don't.
Speaker 2: But you convince yourself you do, so it must be
Speaker 2: kind of valid.
Speaker 3: Yeah. Well, the amount of books I have that I
Speaker 3: haven't read.
Speaker 4: Oh yep, you need to go in a book ban.
Speaker 4: I've put myself in a book van and I'm not
Speaker 4: allowed any new books until I read at least five
Speaker 4: of the ones I I already have. And like, that's
Speaker 4: not even me saying I need to read all the
Speaker 4: books I have. I told myself five and I still
Speaker 4: haven't done it.
Speaker 3: Yeah, I've just started to try to like take photos
Speaker 3: of the ones I see now that I like, yeah.
Speaker 2: Put a folder on your phone and be like you
Speaker 2: can have these later.
Speaker 3: I've got a folder of all the books I want.
Speaker 3: There's like over two hundred books in there.
Speaker 2: Oh my gosh.
Speaker 4: Yeah, and you're not even going to read two hundred
Speaker 4: books in a year. So like, I think that's a
Speaker 4: smart thing to just have a folder and be like,
Speaker 4: these are on my wish list.
Speaker 1: Yeah.
Speaker 3: I sometimes have to go to office works for work
Speaker 3: to print stuff. That's a dangerous game as well.
Speaker 2: What are you buying at office works?
Speaker 3: All the pens and the highlighters and the sticky notes?
Speaker 2: Same.
Speaker 4: I feel like you're keeping West Farmers in business because
Speaker 4: the people who own Camut also own office Works, and
Speaker 4: so like you're in a very committed relationship with them.
Speaker 3: Makes sense. I think for me, like a lot of
Speaker 3: it too, is I convince myself that it will help
Speaker 3: with my anxiety or my ADHD, and then it just
Speaker 3: sits there and I don't use it.
Speaker 4: Yeah. See, I used to do exactly the same thing.
Speaker 4: I'm like, do you know what if I get a
Speaker 4: whole new pencil case, I get some new highlighters, I'm
Speaker 4: going to be so much more organized at UNI because
Speaker 4: I'm going to be able to take the most elite notes,
Speaker 4: and then I'd play on my phone the whole lecture.
Speaker 3: So yeah, yeah, exactly it. So now I'm pretty much
Speaker 3: go when I don't have a lot of time to
Speaker 3: walk around, I pretty much only have the time to
Speaker 3: go in, get what I need and then leave smart.
Speaker 3: I try not to go to the shopping center unless
Speaker 3: I really have to, and if I do have to,
Speaker 3: I will take my partner with me because.
Speaker 2: He can control it.
Speaker 3: Yeah. He's very much like if I find something I
Speaker 3: like and I'm like, oh, I really like this, and
Speaker 3: he's like, okay, well are you actually going to use it?
Speaker 2: And I'm like no, but that's not the point.
Speaker 3: Yeah, so he knows me very well and he's like, no,
Speaker 3: it's like not that expensive, like you know, you'll probably
Speaker 3: use it a lot, Like it's fine, you can buy it.
Speaker 2: So yeah, that's quite helpful.
Speaker 4: I feel like this is where my tip of putting
Speaker 4: twenty four hours between you and your spending really comes in.
Speaker 4: And I feel like you're already halfway there with your
Speaker 4: folder for books and your wish list. It's like, in
Speaker 4: the future, maybe we can take a whole heap of
Speaker 4: photos of all the other stuff that you want and go,
Speaker 4: you know what, I do really want this. I'll make
Speaker 4: a point of coming back tomorrow if I still want it.
Speaker 4: And if you're anything like me, you forgot you took
Speaker 4: the photo and you've just forgotten the whole thing the
Speaker 4: next day.
Speaker 3: Yeah. I normally even try and leave maybe like two
Speaker 3: weeks in between.
Speaker 2: I have not that level of self control. So that's impressive.
Speaker 3: It's either I'm buying it right then and there, or
Speaker 3: I'm sitting on it and thinking about it for ages.
Speaker 3: So yeah, but also my partner doesn't like going to
Speaker 3: the shops. He absolutely hates shopping, so if I have
Speaker 3: to go and get something, he's someone that will just
Speaker 3: complain the whole time.
Speaker 4: Kind of helpful for getting out of the shops quickly, though, exactly.
Speaker 3: So that's why I take him with me.
Speaker 4: It's kind of like going shopping with the toddler, like
Speaker 4: they just sick of it after ten minutes.
Speaker 3: Yep. So I get what I need and then we
Speaker 3: have to leave because otherwise he's complaining and I get annoyed.
Speaker 4: So just to like loop this back, your impulse spending
Speaker 4: hasn't contributed to your personal debts. It's obvious kind of
Speaker 4: probably stopping you from building up an emergency fund and yeah,
Speaker 4: being exactly where you want to be, but you seem
Speaker 4: incredibly self aware of what is going on and what
Speaker 4: that actually looks like. But you're also in a position
Speaker 4: where you've dropped down your income significantly. So talk to
Speaker 4: me about I guess the impact of your impulse spending.
Speaker 4: Is it just frustrating, is it something that's actually holding
Speaker 4: you back, or is it something that you're like, no,
Speaker 4: this is like for me just like another mental load
Speaker 4: or what does that look like?
Speaker 3: I think it's definitely more of a mental load. But
Speaker 3: I think also at the moment, because I actually don't
Speaker 3: really have the money to go and do shopping and
Speaker 3: do that impulse spending, it hasn't been as bad as
Speaker 3: of late because for me, it's like the things that
Speaker 3: I actually need to pay for, you know, if that's
Speaker 3: just my psychologists appointment or whatever. To me, that's more
Speaker 3: important than you know, whatever I'm about to pick up
Speaker 3: at the shop. So I just keep in trying to
Speaker 3: remind myself of that. But yeah, when I was working
Speaker 3: full time, it was a real issue, and I would
Speaker 3: go to Kmart and I would spend like three hundred
Speaker 3: dollars in one go.
Speaker 4: Yeah, then you're like, where did this all go the
Speaker 4: week after because you forgot what you bought.
Speaker 3: Yeah. I've been really bad recently with buying new like
Speaker 3: Douna covers and sheets.
Speaker 2: Oh but if you have a good looking bed, do
Speaker 2: you want to make it?
Speaker 3: That's the theory never worked out.
Speaker 4: Have you ever been like, wow, I thought Victoria would
Speaker 4: help me and instead she's just enabling me.
Speaker 3: Yeah, my bed is currently not made.
Speaker 2: Oh mine is never made.
Speaker 4: Don't worry, because we have this rule in our house
Speaker 4: that it's like last out has to make the bed,
Speaker 4: and so that in theory makes a lot of sense.
Speaker 2: But I'm always the last out making the bed.
Speaker 3: Are you joking?
Speaker 4: I love that, absolutely not. So that's probably a reflection
Speaker 4: of who I am as a person. Next question, money diarist,
Speaker 4: I want to know what's your best money habit.
Speaker 3: I would say putting that fifty dollars each month into
Speaker 3: my super but also I do so try and look
Speaker 3: at my yearly expenses. I mean the fortnightly and weekly
Speaker 3: ones are a bit different, but definitely those like ones
Speaker 3: that come up every you know, three to twelve months,
Speaker 3: so I can sort of try and put a portion
Speaker 3: away each pay so that when it comes up it's
Speaker 3: not a massive bill.
Speaker 2: You are so calculated with this. I love it. This
Speaker 2: is not neurospicy behavior.
Speaker 3: It's the anxiety in me.
Speaker 4: Yeah, okay, all right, So they're kind of like working together.
Speaker 3: Because so, yeah, I foot pops up, then I'm probably
Speaker 3: gonna have a panic attack because I'm like, I don't
Speaker 3: know how I'm gonna pay for this.
Speaker 2: Yeah, that's Fair.
Speaker 3: The thing is that I will sit and plan it
Speaker 3: all out, but I'm not necessarily someone that then will
Speaker 3: follow through with it. Yeah, Fair, So I make myself
Speaker 3: feel good by planning it out, but not so good
Speaker 3: is not following through.
Speaker 2: Totally understand that.
Speaker 4: All right, next question, I feel like we know what
Speaker 4: you're going to say, but I'm gonna ask anyway, what
Speaker 4: do you think is your worst money habit?
Speaker 3: Yeah, the impulse shopping yep.
Speaker 2: Fair saw that coming a mile off my friend.
Speaker 3: But yeah, as I said, like with the income at
Speaker 3: the moment, it's been a bit different. But yeah, when
Speaker 3: I was working full time, I would always just spend
Speaker 3: money and then I'd be like, oh, just worry about
Speaker 3: it later, and then later would come and it would
Speaker 3: never end. Well.
Speaker 2: So no, but I feel like you've learned a lot.
Speaker 4: Like I feel like you are relatively self reflective, especially
Speaker 4: for the situation you're in. Like when you wrote in
Speaker 4: and said, look, I really want to talk about you
Speaker 4: know ADHD and what that means, because obviously ADHD is
Speaker 4: really significant and does really impact your money story. I
Speaker 4: fully was like, Okay, cool, she's going to come and
Speaker 4: potentially have some personal debt. Obviously, she's just quit her job,
Speaker 4: and I made a lot of assumptions about the money
Speaker 4: story that I was diving into, and I feel like
Speaker 4: you've really impressed me. You're like, no, no, no, Like
Speaker 4: I'm really managing my impulse spending. I have this really
Speaker 4: good folder on my phone. It's meaning that I'm not
Speaker 4: impulse spending on books as much. Like I even try
Speaker 4: to put two weeks between my spending. Like I can't
Speaker 4: even do that, babe, Like that's impressive. You have some
Speaker 4: really clear money goals, like you've already told me, Look,
Speaker 4: I want to start my own business at some point.
Speaker 4: Do you think that you are potentially putting a lot
Speaker 4: of pressure on yourself when it comes to finances and
Speaker 4: what you're trying to achieve and in the timeframe given
Speaker 4: your income, Yeah, I would say so You're like, yeah.
Speaker 3: Yeah, no, And it comes back to as well, you know,
Speaker 3: the difference between mom and dad and their view on money,
Speaker 3: and then how that's sort of come out in me.
Speaker 3: But yeah, I think I do put a lot of
Speaker 3: pressure on myself, especially when all you're hearing all the
Speaker 3: time is, oh, you know, like you're not really going
Speaker 3: to be able to afford a house and all this stuff,
Speaker 3: and it's like, I'll make it work, Like I know
Speaker 3: I'll be able to you still get stressed about it,
Speaker 3: and you still put all this pressure on yourself, especially
Speaker 3: being you know, twenty two. I don't know when I'm
Speaker 3: going to be able to afford to buy a house.
Speaker 4: But you're also only twenty two, Like you're still a baby,
Speaker 4: You're still at UNI. The fact that you've already basically
Speaker 4: had a whole career in stubranuation and now you're writting.
Speaker 4: You know, you're a studio coordinator, you're about to step
Speaker 4: into being a full time per instructor. I feel like
Speaker 4: you have so much ahead of yourself, And when I
Speaker 4: look at this situation, I go, you're putting so much
Speaker 4: pressure on yourself even though you're killing it at the moment.
Speaker 4: Like even the idea that your big money goal when
Speaker 4: I asked about it, wasn't like, oh, I want to
Speaker 4: buy a house or I want to do this thing
Speaker 4: that kind of is a little bit unobtainable at this point,
Speaker 4: you were really realistic about that. You were like, actually,
Speaker 4: my big money goal at the moment is paying for
Speaker 4: what I need to pay for and making sure I've
Speaker 4: got the money and I really want to build an
Speaker 4: emergency fund, and I'm like, Slay, that's exactly where you
Speaker 4: need to be.
Speaker 3: Yeah, I think for me, it's just been such a
Speaker 3: difference earning so much for my age of course, and
Speaker 3: then like moving into this but at the same time,
Speaker 3: like my mental health has been so much better.
Speaker 2: I was about to say, how's your mental health?
Speaker 3: It's a lot better because where I was working like
Speaker 3: fifty five hours a week plus UNI plus my Plarti's course,
Speaker 3: plus trying to like see my friends and all this
Speaker 3: kind of stuff, and it just wasn't obtainable at all,
Speaker 3: and I was just consistently anxious. So yeah, I think
Speaker 3: I knew when I first started at that job it
Speaker 3: wasn't a forever job for me. I had the party's job,
Speaker 3: and I was like, you know what, I live at
Speaker 3: home still, Like now I just need to start taking
Speaker 3: care of myself and just focus on moving on and
Speaker 3: into what I actually want to do. So yeah, it's
Speaker 3: definitely been a lot better.
Speaker 4: That makes me so happy, Like, I'm so proud of
Speaker 4: you that you made those decisions, but also you've just
Speaker 4: got this air of reflection about you that most twenty
Speaker 4: two year olds don't have. Let's be honest, like at
Speaker 4: twenty two, I was in a mountain of debt, pretending
Speaker 4: it didn't exist, like partying until the sun came up.
Speaker 4: Like it was a lot at twenty two, and I
Speaker 4: just go wow, Like you have so much ahead of you.
Speaker 4: The fact that you're already thinking about superannuation, you have
Speaker 4: a really good super fund, you're making additional contributions, you're
Speaker 4: aware of what that means, You're like, you know, leveraging
Speaker 4: your government co contribution. Like everything just makes sense here
Speaker 4: and can just see such a bright financial future.
Speaker 2: It makes me so happy.
Speaker 4: Even though I guess you overlay it with going we'll
Speaker 4: v I'm still really stressed about it. I still struggle
Speaker 4: with ADHD. I'm still anxious. Like all of those things
Speaker 4: they make sense, but I just feel like there's a
Speaker 4: lot of pressure you're putting on yourself, which is very
Speaker 4: ADHD of you. Yeah, I was gonna say, like, you're
Speaker 4: putting a lot of pressure on yourself to be the
Speaker 4: best of the best. But at the same time, I'm like,
Speaker 4: do you think that your friends look at you and go, wow, money,
Speaker 4: Darist really has her stuff together.
Speaker 3: That's a really good question that I don't know if
Speaker 3: I can answer.
Speaker 2: No, we know they do.
Speaker 4: We know your friends are looking at you going money
Speaker 4: Darrest has got it together. They don't see this side
Speaker 4: of you, do they. They don't see you going, oh
Speaker 4: my impulse, spending's out of control and I'm really stressed
Speaker 4: about this that the other they're probably looking at you going,
Speaker 4: holy moly, she had this really cool job. She's now
Speaker 4: stepped more into Pilate's like she's following her dreams. Like
Speaker 4: if you or my friend, I'd be like, she's living
Speaker 4: her best life and I'm envious of that. Yeah, no
Speaker 4: one knows who you are, so it's fine. You can
Speaker 4: have a few tickets on yourself here. No one's going
Speaker 4: to be like, oh my gosh, I can't believe x
Speaker 4: y Z said that, because they don't know who you are.
Speaker 3: I know, I think that I do question myself a lot,
Speaker 3: and I'm very lucky that, like I can be so
Speaker 3: open with my partner.
Speaker 2: Yeah, that's what you need, and.
Speaker 3: I mean sometimes you know, he's very lucky with his finances.
Speaker 3: He doesn't really have to pay for anything, and he
Speaker 3: still lives at home with his parents, and you know
Speaker 3: him and his investing is crazy.
Speaker 2: See, you're going to be a rich power couple.
Speaker 3: That's the goal.
Speaker 2: I love it.
Speaker 3: Yeah, but he's very good in reminding me and like
Speaker 3: bringing me back down, you know, grounding me and saying, like,
Speaker 3: you know, you've done this for this reason. It's just
Speaker 3: short term and I just need to keep telling myself
Speaker 3: like it's short term pain, long term gain.
Speaker 2: Yeah.
Speaker 4: All right, I have two more questions for you. Yes,
Speaker 4: So the first question I want to ask is actually
Speaker 4: around ADHD when you were diagnosed last December. What was
Speaker 4: the thing that finally made the most sense.
Speaker 3: I think the not being able to like stay focused
Speaker 3: on a task. I would get distracted so easily. And
Speaker 3: then I remember the first day I took my medication
Speaker 3: and I sat in front of my computer and worked
Speaker 3: for eleven hours straight, and I was so focused.
Speaker 2: Isn't it crazy?
Speaker 3: It's actually insane.
Speaker 4: And I'm not saying this because, oh my gosh, medication
Speaker 4: is great, but like it's kind of like, because you
Speaker 4: have ADHD, you already are quite intelligent, and you already
Speaker 4: are like wanting to do that eleven hours of work, right,
Speaker 4: you just don't have the ability to. And the second
Speaker 4: you're given the ability to do that, you're like, holy moly,
Speaker 4: I can smash the whole day out, Like that's literally meah,
Speaker 4: and it's wild that you then do it, like and
Speaker 4: then you've just got to make sure that once you
Speaker 4: do start medication, you're caring about your well being and
Speaker 4: making sure you're still going to pilarates and still eating lunch.
Speaker 4: Because once you get that focus, it's kind of like
Speaker 4: gifted back to you in a way.
Speaker 2: You're like, oh, this is all I care about now,
Speaker 2: which is not good sometimes as well.
Speaker 3: Yeah, I think like even the hyperfocus around the things
Speaker 3: that you're actually really passionate about, Like the things that
Speaker 3: I just did not care for, I would leave to
Speaker 3: the last minute, and I would only smash it out
Speaker 3: when it became like they absolutely had to do it.
Speaker 3: But I could sit there and hyper focus on something
Speaker 3: that I was really enjoying and sit there for like
Speaker 3: five hours.
Speaker 4: Yeah, and it would be confusing because you're like, why
Speaker 4: can't I just do the exact same thing with my
Speaker 4: uni assignment that's due. That would take a lot of
Speaker 4: pressure off me. Am I going to do that? Absolutely not?
Speaker 4: Why wouldn't do that?
Speaker 3: Yep, that's pretty much it. I don't know if you
Speaker 3: know this, but you know that voice in your head
Speaker 3: that's like talking to you all the time. Yeah, that's
Speaker 3: not a thing for normal people. No, I know, blew
Speaker 3: my mind.
Speaker 4: I sounded insane when I was like, yeah, yeah, but
Speaker 4: the voice in your head that doesn't stop you know
Speaker 4: that one They're like distracts you.
Speaker 2: They're like, Victoria, are you all right?
Speaker 4: And I'm like, yeah, don't you all have that voice
Speaker 4: in your head?
Speaker 3: My partner will be laying there, I'm like, what do
Speaker 3: you think about it? He's like nothing. I'm like, how are
Speaker 3: you thinking about nothing?
Speaker 2: How do you think about nothing?
Speaker 3: It's insane. I think that can put a lot of
Speaker 3: pressure on yourself as well, because is that's going all
Speaker 3: the time.
Speaker 2: No, I totally get that.
Speaker 3: And it's conflicting with what you know. So yeah, it's
Speaker 3: trying to tell you something different to what you know,
Speaker 3: and then that can get really confusing and stressful as well.
Speaker 4: No, I totally agree. All right, last question I've got
Speaker 4: for you. At the start of this episode, you graded
Speaker 4: yourself a C plus. We have now had a really
Speaker 4: beautiful conversation. I feel like I've learned so much about you,
Speaker 4: but I want to know after this conversation and like
Speaker 4: a little bit of self reflection, do you think you're
Speaker 4: still a C plus? If so, why, if not, what
Speaker 4: do you think your grade is?
Speaker 3: I think I'm gonna give myself a B plus. All right.
Speaker 2: That feels like a good upgrade.
Speaker 3: Yeah, there's still room for improvement. But yeah, I think
Speaker 3: that I was not giving myself credit where credit.
Speaker 4: Was due exactly. I feel like you're putting so much
Speaker 4: pressure on yourself. Tell me what it would take to
Speaker 4: get from a B plus to an A plus, Like
Speaker 4: what is that journey looking like?
Speaker 3: I think just having that financial freedom of it not
Speaker 3: being a stress, so having that emergency fund, having that savings,
Speaker 3: and not needing to watch every dollar go in and
Speaker 3: out of my account.
Speaker 2: How good is that?
Speaker 4: Because you're on the tractor doing exactly that, Like you
Speaker 4: don't even need to make behavioral change. You already told
Speaker 4: me that was your big money goal. And with you,
Speaker 4: you know, about to graduate from your Polarates course, you're
Speaker 4: going to be like a full proper Pilates instructor.
Speaker 2: I'm so excited for this for you.
Speaker 3: Thank you. I'm excited as well.
Speaker 4: Oh my gosh, money, Darrest, I'm so sorry, but this
Speaker 4: is always have time for today.
Speaker 2: It has been an absolute pleasure getting to know you.
Speaker 4: Thank you so much for sharing so much about yourself
Speaker 4: and your journey with our community. I know they are
Speaker 4: all so incredibly grateful.
Speaker 3: Thanks for having me.
Speaker 4: Of course, the advice shared on She's on the Money
Speaker 4: is generally nature and does not consider your individual circumstances.
Speaker 4: She's on the Money exists purely for educational purposes and
Speaker 4: should not be relied upon to can investment all financial decision.
Speaker 4: If you do choose to buy a financial product, read
Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards
Speaker 4: your needs. Victoria Divine and She's on the Money are
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