Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
Speaker 1: the Order Kerni Whaltbury 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.
Speaker 2: She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the pod
Speaker 4: that makes personal finance fun, especially on Fridays. It's our
Speaker 4: favorite day of the week because we get the team
Speaker 4: together to celebrate you the incredible She's on the Money community.
Speaker 4: I'm actually not Victoria Divine, don't know if you up.
Speaker 2: I'm Jessica Riggy.
Speaker 4: I'm taking the reins because Miss Victoria sounds a little
Speaker 4: bit like this.
Speaker 5: It sounds a little bit demonic, and we.
Speaker 2: Love that from you.
Speaker 5: So'm here like physically but mostly spiritually.
Speaker 2: Yeah, yep, yeap.
Speaker 4: So if you hear a little a little scratching in
Speaker 4: the background.
Speaker 5: I still wanted to be involved, Like, you can't keep me.
Speaker 2: Away from this. No, Unfortunately, have you guys been trying.
Speaker 4: So today I'm going to share my favorite Moneys that's
Speaker 4: gonna share her best broke tips. We're going to be
Speaker 4: answering a money dilemma, which this week is all about
Speaker 4: wanting to help your parents boost their super so they
Speaker 4: have enough money for retirement, as well as something that
Speaker 4: you slid into our dms about this week, we're chatting
Speaker 4: what do you do when you're trying to save money
Speaker 4: on bills and your housemate is cranking the heater wearing
Speaker 4: a T shirt like it summer.
Speaker 2: Don't look at me like that? Why no? I I
Speaker 2: like it sounds like me. That's exactly what I heard.
Speaker 2: She was gonna say.
Speaker 5: It's Yess, said Chess. I swear jess as heaters set
Speaker 5: at twenty six every single time, and she's like on
Speaker 5: zoom in a singlet. I'm like, yeah, no, soon if
Speaker 5: we want to live, like, put some socks on.
Speaker 2: It's crazy.
Speaker 4: How's everybody's weeks been there before we get into it?
Speaker 5: I'm good girl, no, like I've just lost my voice,
Speaker 5: like I've yapped too close to the sun, Like this
Speaker 5: is what happens when I bite off more than I
Speaker 5: can talk. When I do too many like public speaking things,
Speaker 5: I feel like my vocal cords just get exhausted. And
Speaker 5: then they say no more, and then I say good
Speaker 5: try and then I still come to what I want.
Speaker 5: It's so cool, Thank you, thank you. I like sexy
Speaker 5: rough Ye, I don't feel cool. Oh sorry, I feel
Speaker 5: frustrated because there's just so much cool stuff that I
Speaker 5: want to do right now, Like how do you record
Speaker 5: a dice in air wrap video when you can't do
Speaker 5: a voiceover? And then that's the question of it all
Speaker 5: is I'm like, guys, look at my hair today, is
Speaker 5: so voluminous.
Speaker 2: It looks beautiful, beautiful.
Speaker 3: Shame.
Speaker 5: I did still put a little video on the internet.
Speaker 5: But I couldn't be like, oh, this is how I
Speaker 5: did it because I sounded demonic.
Speaker 2: Anyway.
Speaker 5: That's the most first world problem you ever run into.
Speaker 5: But also best week ever. Beck we all know has
Speaker 5: a side hustle of creating clay creations. She has made
Speaker 5: me a baby ravioli. It's like a spoon rest, but
Speaker 5: mine's pink and it has red like accents on it,
Speaker 5: and it says divine and it has these little cherries
Speaker 5: on it.
Speaker 2: I have never seen something more me.
Speaker 5: I I feel so thought of, Like it's just so beautiful.
Speaker 2: Absolutely.
Speaker 6: I feel really bad because Jess came in and gave
Speaker 6: me a jellycat keyring and I said, thanks Jess. Anyway, here, Victoria,
Speaker 6: here's my gift.
Speaker 4: What I did to Victoria giving you a gift.
Speaker 5: That it's not like, oh, if I'm giving just a gift,
Speaker 5: I have to give beck a gift. It's just like
Speaker 5: I'm giving you one because I thought of you specifically
Speaker 5: in this moment, like it happens in ebbs and flows.
Speaker 2: I think that's the best part about it.
Speaker 7: True.
Speaker 2: You know, I do think of you both equally.
Speaker 5: Thank you, thank you.
Speaker 6: One of you has a gift that was your.
Speaker 2: Week, really good week.
Speaker 6: I was in Sydney a couple of weeks ago, and
Speaker 6: so I think I just like, when I come back
Speaker 6: from Sydney, I'm like, I'm so grateful for the life
Speaker 6: I have in Melbourne, you know. So I've just been
Speaker 6: riding a high. Really, I don't think it much. Too
Speaker 6: much has been going on just living, love and laughing
Speaker 6: as always and what about you?
Speaker 4: Nothing crazy. I've been on a Marvel rewatch. So I
Speaker 4: went on very interesting Thunderbolts a couple of weeks ago
Speaker 4: when it released, which was very exciting. We got invited
Speaker 4: to the previews, so it's so cool to be out
Speaker 4: with me. They had someone stand at the front. They're like,
Speaker 4: you're some of the first people in the world to
Speaker 4: see this movie, and I was like, that is so cool,
Speaker 4: and it was great. I feel like there was a
Speaker 4: bit of a lull. I think anyone who's a big
Speaker 4: Marvel fanmily agree. There was like a soft period, feels.
Speaker 2: Like we're coming out of it.
Speaker 4: And so after watching that movie, I was like, oh,
Speaker 4: I want to go and rewatch everything in chronological order
Speaker 4: because it feels like they're starting to tie a lot
Speaker 4: of things together and there's so many to watch.
Speaker 2: So it's that's all I'm doing. I wouldn't have picked
Speaker 2: you for a Marvel girl.
Speaker 4: A lot of people say that my favorite film genre
Speaker 4: is like an action adventure.
Speaker 2: Really, yeah, don't love a rom com? Would you believe?
Speaker 2: I would not believe.
Speaker 5: I do not believe. I think she's to us.
Speaker 2: That's I don't get what she says. I don't believe. Yeah,
Speaker 2: I think action is well for me.
Speaker 6: I find it so boring because I'm like, there, just
Speaker 6: there's a lot of sound.
Speaker 5: I know what's gonna happen. True, I's going to prevail, exactly,
Speaker 5: we already know what's going to happen.
Speaker 6: I want to know.
Speaker 5: I respect your where I can predict who's going to
Speaker 5: fall in love. Yes, yeah, I prefer that kind of predictability. Yes,
Speaker 5: you also went to that with an ulterior motive. You
Speaker 5: were like, I'm super excited about this, but also it's
Speaker 5: being hosted by Disney.
Speaker 2: It's socredible.
Speaker 5: What were you trying to do while you're there?
Speaker 2: I was trying to meet some people, connect some things.
Speaker 2: Disney cruise.
Speaker 4: Perhaps I'm really on this time, Like she's on the cruise.
Speaker 4: It's got to be a way to make it happen. Sadly,
Speaker 4: it turns out it was me in about five thousand
Speaker 4: of my closest friends at this event, see, which was
Speaker 4: still an absolute That's okay.
Speaker 5: We can then get a Disney cruise.
Speaker 2: We're going to figure out a way to make it happen.
Speaker 2: Do you imagine back on a Disney cruise I think
Speaker 2: you'd have the best time.
Speaker 4: I think you were leaning in the way that I
Speaker 4: would need somebody to yes, yes, yes, absolutely.
Speaker 5: I feel like you have to lean in, Like you
Speaker 5: can't go on a Disney cruise and not do all
Speaker 5: the activities and go like Disney Bingo and do all
Speaker 5: of the things like I want to eat all of
Speaker 5: the Mickey shaped everything.
Speaker 2: Yeah, I feel like there could be in. I think
Speaker 2: I'm in.
Speaker 7: I'm in.
Speaker 2: It has a idea, but I'm in. Leave it with me.
Speaker 2: But do you guys like to hear it? Speaking of
Speaker 2: wonderful things, this week's five star reviews.
Speaker 5: You get to read these, but no one wants to
Speaker 5: hear it.
Speaker 4: Well, I'm taking much joy in doing it myself, just
Speaker 4: so you know, to really rub the soul in the wound.
Speaker 4: This week's review is from Tyler, and she said to
Speaker 4: that she's on the Money Girls team listeners and everyone.
Speaker 4: I started listening about eight months ago, and it truly
Speaker 4: has changed my life. I am now completely dead free,
Speaker 4: And even though it sounds like a bad situation, I
Speaker 4: got myself to be financially stable enough that I got
Speaker 4: to resign from my incredibly toxic job this week without
Speaker 4: feeling stressed or anxious on how I could afford things
Speaker 4: until I get a new job. She said, she's now
Speaker 4: going to be testing sight hustle tips. Not only is
Speaker 4: it helping me financially, but you've also taught me things
Speaker 4: that have helped put me in a situation that improves
Speaker 4: my mental health.
Speaker 2: Again, the biggest thank you from the bottom of my house.
Speaker 2: Oh my god, that's so good.
Speaker 5: It always feel so special that you guys take the time.
Speaker 2: Yeah, you don't have to, but you do. That's really nice.
Speaker 2: I'm so happy.
Speaker 4: And it's likely to get an update on your life
Speaker 4: and what you're doing. And yeah, manifesting the perfect job
Speaker 4: pops up for you.
Speaker 7: Tyler.
Speaker 2: Yes, I'm not to hear it all about me, but
Speaker 2: do you want to hear some money wins?
Speaker 5: I do.
Speaker 4: I should have thought this through a I'll speed get
Speaker 4: through it. You probably sick me first one this week.
Speaker 4: I've got this from Jamie, who went to two inspections
Speaker 4: for interstate buyers over the weekend. She got one hundred
Speaker 4: and twenty dollars for each one just to walk through
Speaker 4: the house, snap a few photos and that was it.
Speaker 4: Bucks for about thirty minutes of work on a Saturday morning.
Speaker 2: She said, Oh my god, that's so good.
Speaker 4: And for anyone wondering. Beck commented and said not our Beck.
Speaker 4: Different Beck commented and said how did you do this?
Speaker 4: And Jamie said it was air tasker. So good little
Speaker 4: anybody out there, I have a little wonder on your
Speaker 4: Saturday morning.
Speaker 2: I love a property perv. Yeah, through, I'm not get
Speaker 2: paid for it. Absolutely.
Speaker 4: Next, I've got the money win from Olivia, who said
Speaker 4: her partner bought her a coffee machine as an early
Speaker 4: Mother's Day present, so she hasn't brought herself a coffee
Speaker 4: in two weeks and she's saving five dollars and ten
Speaker 4: cents per day.
Speaker 2: Oh my god, that's so good. How are you are
Speaker 2: with your coffee? You're doing still going? Absolutely, I have not.
Speaker 6: Literally the early days I buy coffee is when I'm
Speaker 6: here and I've run out of time in the morning
Speaker 6: and so I must buy coffee. But every other day
Speaker 6: I do not buy coffee. And I actually prefer you
Speaker 6: get to a point, we prefer the taste of the
Speaker 6: coffee that you make the.
Speaker 4: French press, the French little French press. Yes, absolutely incredible. Next,
Speaker 4: I've got money in from Joe, who said she has
Speaker 4: solar and hasn't had a bill in about a year.
Speaker 4: She's actually getting credits back from you see company each month.
Speaker 2: She said.
Speaker 4: The other day they were mail to check for the
Speaker 4: majority of the credit amount and they still have credit
Speaker 4: to apply to the next bill.
Speaker 5: He got a check. Yeah, you make a legitimate cash
Speaker 5: from selling your energy.
Speaker 2: You're going to pay me.
Speaker 5: The energy cofee is coming to you.
Speaker 2: God, that is so cool. I love solar so good.
Speaker 6: Why did she have energy?
Speaker 5: She didn't use all the stuff that she made.
Speaker 4: Yeah, I think she produced a sur plus, and I
Speaker 4: believe I see put back into the grid somewhow.
Speaker 2: I'm smarter pers God.
Speaker 4: Yeah, so they, I guess pay her for the energy
Speaker 4: that she generated for them.
Speaker 8: Yeah.
Speaker 2: Whi's pretty cool. That's so cool. You go renewable energy.
Speaker 2: You love to see it. I love to see it.
Speaker 4: Next, I've got money in from Shelby, who said she
Speaker 4: booked her son's birthday party at a PLAE center a
Speaker 4: few weeks back for this weekend.
Speaker 2: It's just passed.
Speaker 4: When she arrived to pay the remaining on her invoice,
Speaker 4: she was told that there was a ninety nine dollar
Speaker 4: party special running at the time that she booked it.
Speaker 4: She had no idea and saved herself a tidy two
Speaker 4: hundred and twenty dollars.
Speaker 5: Oh my god, Oh that's a lot.
Speaker 4: I was thinking, that's a heap to spend on a
Speaker 4: kid's birthday, kids party's expense.
Speaker 2: I don't know what the going rate is. Is that normal?
Speaker 5: I mean, I'm not at the point where Harvey is
Speaker 5: being invited, but yeah, I'm like my nieces and nephews, like,
Speaker 5: it can really add up. I mean, if you want
Speaker 5: to go to a play center, what's that like twenty
Speaker 5: bucks ahead.
Speaker 2: That's actually so Truel's.
Speaker 5: Like a dude, Like, even if it's party pies, the
Speaker 5: second you tell the center that you want them to cater,
Speaker 5: what's that going to cost?
Speaker 3: Yeah?
Speaker 5: Yeah right, that soorry. I just yeah, it will definitely
Speaker 5: add up. And then then there's like their wedding conversation,
Speaker 5: do you pay for all the kids coming to your
Speaker 5: kid's birthday or do the kids pay?
Speaker 2: Like truly you pay?
Speaker 5: Well, See that's what I thought that I've seen in
Speaker 5: our community, people talking about, oh, I've had my kid
Speaker 5: go to these birthday parties and it cost X and
Speaker 5: I'm just like wow, okay, like I'm not prepared for
Speaker 5: this at all.
Speaker 2: Yeah.
Speaker 5: Yeah, Harvey's too young to have little friends half parties.
Speaker 2: Yeah. Interesting.
Speaker 4: Well, then ninety nine dollars sounds like an absolute bargain.
Speaker 4: Well done, Shelby. And lastly, this week, money in from
Speaker 4: Claire who said, I want one hundred and fifty dollar
Speaker 4: about chat for giving a review for a new product
Speaker 4: I bought, and.
Speaker 2: So then I bought myself some extra new goodies. Goteous.
Speaker 2: That's exciting. I love it for yourself. Yeah, one hundred.
Speaker 2: I love when people win those late random free giveaways.
Speaker 2: So fun, so fun.
Speaker 6: Sorry, I just realized. I was like, this is completely irrelevant.
Speaker 6: But I've developed like almost like a scalely part of
Speaker 6: my forehead and it's in the exactly.
Speaker 2: Into a Liz.
Speaker 3: Yeah.
Speaker 5: I don't know what's coming.
Speaker 2: But it's also in the.
Speaker 6: Same position where like, because I'm Bangladeshi, it's it looks
Speaker 6: like I've got a bit cool. Yeah, and so I
Speaker 6: but it's and so I'm trying to kill it.
Speaker 2: I don't know what it is, but it's not x mars.
Speaker 6: So anyway, if anyone has any ideas of what kind
Speaker 6: of why has scales my symptoms, but you just I
Speaker 6: just really need a diagnosis.
Speaker 5: Actually into a blue tongue.
Speaker 2: Very strang is happening on my forehead.
Speaker 7: And.
Speaker 6: You got some broke tips. I do have a breast
Speaker 6: scale lea forehead, Yes I do. Uh okay, So this
Speaker 6: best one comes from Pippot, who is referring to I
Speaker 6: found this in our community, and Pippot is referring to
Speaker 6: another thing that she saw, So I'm not I know
Speaker 6: that the credit isn't all on Pippot, but I just
Speaker 6: want to say that she's the one that alerted me
Speaker 6: to this. So she said, I have to thank someone
Speaker 6: In a previous post about community places to yoga for free,
Speaker 6: I just signed up for four sessions this past week.
Speaker 6: This compares to signing up for a class that can
Speaker 6: cost me a minimum of dollars per session. And so
Speaker 6: I don't know where the original information came from. But
Speaker 6: all I want to say is I did not know
Speaker 6: that was a thing community yoga classes.
Speaker 5: I didn't either.
Speaker 2: It's really cute. That is so cute.
Speaker 6: So it's like I mean exercise classes these days, my
Speaker 6: partner pays like, I don't know, fifty bucks a week
Speaker 6: for Upstate or something, and.
Speaker 9: There's more so she doesn't know what Upstate is what
Speaker 9: it is, but like fifty bucks is I'm you know,
Speaker 9: I'm being really, you know, not generous, the opposite of generous,
Speaker 9: because it's probably way more than fifty dollars.
Speaker 5: And we can get a little fact check. Hold on, Zara,
Speaker 5: how much does Upstate cost per week? It's fifty fifty
Speaker 5: five days job.
Speaker 2: But there you go.
Speaker 6: So instead of that, and I'm sure you know yogur is,
Speaker 6: I no, never haven't really done it, but it mightn't
Speaker 6: be on the lesser end of like something that's really
Speaker 6: physically demanding, but you'd.
Speaker 2: Be still surarized.
Speaker 4: It takes a lot of strength, like yeah, okay, it's
Speaker 4: similar to pilarates in that they'll usually give you variations, yeah,
Speaker 4: depending on how advanced you are. But I so when
Speaker 4: I was younger, I we're to yogis year and it
Speaker 4: is crazy how much like strength people have, right Yeah, yeah, yeah,
Speaker 4: everything holding your body weight.
Speaker 6: Oh my god, that's so true. Sorry, I take that,
Speaker 6: I take that all back. Actually that it is intense.
Speaker 6: The second one comes from Emily, who says that if
Speaker 6: you're on long term medication, ensure your doctor writes you
Speaker 6: scripts for sixty days since the scheme. Sorry, this is
Speaker 6: helpful in saving two hundred dollars to three hundred dollars
Speaker 6: every month. I'm assuming that is because I had the
Speaker 6: same thing, Like I would go to my doctor every
Speaker 6: twenty days to get a i mean prescriptions, and well
Speaker 6: that was just at the very start. And now she's written, like,
Speaker 6: you know, just six months plus. Yeah, that has helped,
Speaker 6: because it's what is it, like eighty bucks after Medicare
Speaker 6: rebate pocket out of pocket, and.
Speaker 2: So I think it's just a fantastic idea.
Speaker 6: If you have the option, if your doctor is willing
Speaker 6: try and get six months plus worth of prescriptions practical.
Speaker 2: That's a good one. Thank you, yes, and thank you
Speaker 2: too much, Emily.
Speaker 5: I didn't know people didn't do that by default, like
Speaker 5: in the nicest possible way. I have a brilliant doctor,
Speaker 5: and he always gives me like a script for six
Speaker 5: months of my like anti anxiety medication, yes, and so
Speaker 5: like he checks in with me every six months and
Speaker 5: then I get a new script and it's all good
Speaker 5: to go.
Speaker 2: True.
Speaker 5: But you know, maybe people don't get it as often
Speaker 5: as I do, Like it makes sense like asking for
Speaker 5: more on your script if it's non coincident, like it's
Speaker 5: of no you know.
Speaker 6: Issue, yes totally and I guess like sometimes doctors want
Speaker 6: to see you after with.
Speaker 5: Dex like absolutely like what Beck's talking about. She mentioned
Speaker 5: dex amphetamine, which is a very restricted drug that can
Speaker 5: be prescribed to you if you have ADHD yes and
Speaker 5: when you first go on to ADHD medication, they like
Speaker 5: manage it really closely, so you might not have the
Speaker 5: ability to you know, ask for a longer script until
Speaker 5: they call it trust you with the medication or true
Speaker 5: work out that it works with your body. But like,
Speaker 5: definitely ask what's the worst? They can say no, sorry, yeah,
Speaker 5: no that's very true.
Speaker 2: So yeah, I'd say, yeah, just ask the question anyway
Speaker 2: and see how you go.
Speaker 6: This next one comes from myself and also our producer,
Speaker 6: who are alerted me that Grilled is actually doing mad
Speaker 6: Wait Bad Wait mad bundays.
Speaker 4: Does that make any sense to you? This came up
Speaker 4: in the slack recently. Georgia loves this.
Speaker 2: Yes, it's a real tongue twister. Is that intentionally?
Speaker 7: So?
Speaker 2: How it works this is through Grilled.
Speaker 6: How it works is you sign up, you pick your
Speaker 6: Aussie rules team or your UGI league team. I just
Speaker 6: did it before. I don't think you pick one of each.
Speaker 6: I did try. There could be a way, but I
Speaker 6: haven't found it. And then if that team wins a match,
Speaker 6: you get a free burger coupon send to your email
Speaker 6: and relish account, which is what they call the grilled account.
Speaker 6: You can dine in on Monday, spend tween doors and
Speaker 6: redeem your free burger at the till, and then bask
Speaker 6: in the glory. Brag to your mates. Is step number five.
Speaker 6: Step number five is non negotiable. And that's me for
Speaker 6: this week.
Speaker 5: I love that because grilled burgers are so expensive.
Speaker 2: And they're so yummy.
Speaker 5: Yah're so good, but like twenty dollars for a burger
Speaker 5: at what feels like a fast food place. Like, don't
Speaker 5: get me wrong, I know that it's like quality and
Speaker 5: not McDonald's whatever, it's still expensive.
Speaker 2: It's expensive.
Speaker 4: And you got a one in two chance, right, like
Speaker 4: you're picking a keay deal. It's good odds even if
Speaker 4: you don't follow.
Speaker 5: Do you know what, have a date night every week
Speaker 5: with your partner and both vote again, my god, that's
Speaker 5: a good deal. So you and just get an account
Speaker 5: pick and she goes one way, you go the other way.
Speaker 2: That you can.
Speaker 6: You can only pick one at the start unless you
Speaker 6: make multiple accounts, which is also an option.
Speaker 5: So I mean, Grill's not paying us, so do whatever
Speaker 5: you want.
Speaker 2: And on that lovely notes, yes, if you pay me,
Speaker 2: I will do better. Victoria can be bought with a grill. Absolutely.
Speaker 4: Let's go really quick break. We can chatburgers while we're there.
Speaker 4: When we come back, we're going to be talking all
Speaker 4: about how to help your parents boost their supers that
Speaker 4: they have enough for retirement, and whether or not you
Speaker 4: should be cranking the heater when you're living with a housemate.
Speaker 4: Don't go anywhere.
Speaker 2: Welcome back, everyone, and here's this week's money dilemma.
Speaker 3: Hi, there, have you got a money dilemma you just
Speaker 3: can't solve that. She's on the Money team is here
Speaker 3: to help. Every week we tackle your dilemmas, both big
Speaker 3: and small, to answer your most burning money, career and
Speaker 3: life questions. To get involved, simply head to our website
Speaker 3: and leave us a short voice recording and you might
Speaker 3: just find yourself on the show. Now, let's take a
Speaker 3: listen to this week's money dilemma.
Speaker 8: She's on the Money. I have the money dilemma. Not
Speaker 8: directly for myself, but it actually relates to my parents
Speaker 8: and their retirement. I mean thinking a lot recently about
Speaker 8: how their retirement is coming up soon, maybe in the
Speaker 8: next decade. My done is sixty, my mom is fifty eight,
Speaker 8: and selfishly, in the cost of the being crisis, I
Speaker 8: don't really want to be in a position where I
Speaker 8: would need to support them financially while also supporting myself.
Speaker 8: For context, our family moved to Australia about seventeen years ago,
Speaker 8: so my parents just haven't really had very much time
Speaker 8: in the workforce in Australia while receiving SUPER contributions, and
Speaker 8: I'm just sort of looking for some tips on how
Speaker 8: they can prepare for their retire and in other ways
Speaker 8: or boost the SUPER or anything like that. My mom
Speaker 8: has been mostly stayed at home mom, so she really
Speaker 8: has very minimal SUPER and I don't know exactly how
Speaker 8: much my dad has, but I know that when they've
Speaker 8: looked into using those SUPER to purchase a house, it
Speaker 8: wasn't even enough for a house deposit.
Speaker 5: So yeah, I'd really.
Speaker 8: Appreciate any thoughts, insight, or any tips for how they
Speaker 8: can start preparing for their retirement.
Speaker 5: I have a lot to say about their pension system
Speaker 5: here in Australia. But before that, Beck, what would you do?
Speaker 5: I totally know this anxiety.
Speaker 6: I feel very much the same with my mum Selfishly,
Speaker 6: I don't think she has a lot of super and
Speaker 6: so I'm like, I just think I know that in
Speaker 6: some cultures it just kind of like expected that you
Speaker 6: kind of like help support your parents when they can't
Speaker 6: support themselves anymore when they retire. There's a lot of
Speaker 6: pressure in this day and age, Like I mean, I
Speaker 6: can't even afford myself and like to you know, it's
Speaker 6: a lot of pressure to put it on someone.
Speaker 2: So I totally get the anxiety.
Speaker 6: I guess I would discuss what their plans are after
Speaker 6: retirement and if they're if they're like, we're all good,
Speaker 6: like we have this much in super, we will get
Speaker 6: the pension well whatever else, then maybe like you.
Speaker 2: Can take a load off.
Speaker 6: But if they're like, oh, we kind of expected that
Speaker 6: you would help us out, then my only advice is
Speaker 6: panic and that's it. But no, I think that, like,
Speaker 6: I don't think it's ever too late, but you could
Speaker 6: maybe sign them up for like community housing if it's
Speaker 6: an option or something like that. So it's a you know,
Speaker 6: have an ongoing cost of you know, living, whether it's mortgage,
Speaker 6: whether it's renting or something like that. Like that's just
Speaker 6: a really nice security blanket because it can be quite
Speaker 6: a long waitlist. So if they have that there, that
Speaker 6: would be good. I don't really know what the living
Speaker 6: situation's like, so sorry, if you've already sorted that out, Yeah,
Speaker 6: I think I think just like chat with them about
Speaker 6: what their plans won't be and kind of stress them, like,
Speaker 6: this is very could be a scary time financially if
Speaker 6: they don't have a plan in place.
Speaker 2: That's my advice. I hope that's kind of helpful. Jess,
Speaker 2: what are you thinking.
Speaker 4: I think it's probably best to ask them about their
Speaker 4: financial situation holistically, because just because they don't have money
Speaker 4: in super doesn't mean that they maybe don't have cash
Speaker 4: assets or some kind of investment. I know that that.
Speaker 4: You know often when young families, I great, that may
Speaker 4: not be the case, but you don't know. If that's
Speaker 4: not a conversation you've ever had, maybe they are holding
Speaker 4: something that you're not aware of. Although the comment that
Speaker 4: our listener made about them considering pulling money out of
Speaker 4: Super for a house deposit and it not being enough
Speaker 4: for that suggests to me that maybe you know it
Speaker 4: won't be the case, but you never know. Good to
Speaker 4: just take a look at the bigger picture where possible,
Speaker 4: I would say to echo you back, it's really hard,
Speaker 4: I think as a child to take that responsibility on,
Speaker 4: and it's okay to have conflicting emotions. I don't think
Speaker 4: that it's selfish. I think it's very understandable that you
Speaker 4: feel the way that you do, and it's hard to
Speaker 4: have to take on this responsibility that you didn't ask for.
Speaker 4: It's kind of like the reverse, like a parent chooses
Speaker 4: to have a child, but a child doesn't choose to
Speaker 4: be born, and so then to have that responsibility, yeah,
Speaker 4: when you had no say in it, it can probably
Speaker 4: bring up I think a lot of emotions, and that's
Speaker 4: completely understandable. Something to consider if you are going to
Speaker 4: be in a position, or if you have already purchased
Speaker 4: a property yourself, you could look at building like a
Speaker 4: granny flat or a tiny home on your property. Because
Speaker 4: I think I don't know a lot, vd's going to
Speaker 4: know a lot more than I do about our pension system.
Speaker 4: But from what I understand, it's really set up with
Speaker 4: the assumption that people will own their own property by
Speaker 4: the age of retirement, which as we know now is generally,
Speaker 4: you know, not always the case. So I feel like
Speaker 4: housing is probably one of firstly the biggest expenses that
Speaker 4: they will incur as retirees and probably one of the
Speaker 4: biggest stresses. So even if it's not permanent, you know,
Speaker 4: an affordable tiny home granny flat option, if that's something
Speaker 4: you can put onto a property that you either have
Speaker 4: now or my purchase in the future, could be kind
Speaker 4: of a middle ground potentially, like it's you're not necessarily
Speaker 4: contributing to them financially, but you're easing their burden in
Speaker 4: a way, if that makes sense.
Speaker 5: Yeah.
Speaker 2: Is that why it's called a granny flat.
Speaker 4: Yeah, because people would often put them on their property
Speaker 4: for like granny parents.
Speaker 2: Yeah, for grannie exactly. That's cute.
Speaker 4: And you can buy lots of different like there's all
Speaker 4: kinds now you can buy, like tiny homes that are
Speaker 4: pre assembled and containers and also so maybe looking into
Speaker 4: something like that.
Speaker 2: Otherwise I don't have a lot of information, so I'm
Speaker 2: just gonna handfall that right over to the financial expert.
Speaker 5: So I have limited voice, and I do apologize that
Speaker 5: this is a husky version, but you actually have a
Speaker 5: lot of control. You have a lot of ability to
Speaker 5: help them. Because you've said, you know, they're immigrated seventeen
Speaker 5: years ago. I'm assuming they don't fully comprehend like the
Speaker 5: Australian pension system. So that's where your knowledge and skill
Speaker 5: could come into it. No, it's not going to require
Speaker 5: you putting your cash on the table, but it might
Speaker 5: require you sitting down with your parents and helping them.
Speaker 2: Create a plan.
Speaker 5: Right, so you said that they were I would say
Speaker 5: relatively young, like they're not, you know, in their late
Speaker 5: sixties when you can access a pension, so today they can't.
Speaker 5: They would have to be at their what's called like
Speaker 5: a qualification age basically, which is where you hit a
Speaker 5: particular age to be able to access the age pension.
Speaker 5: They have a number of years before they get to that,
Speaker 5: at which point I would assume that the plan is
Speaker 5: not to buy property. And the reason I would say
Speaker 5: it's not to buy property is because of the amount
Speaker 5: that would be required to purchase that property and then.
Speaker 2: Also pay off that property, et cetera.
Speaker 5: They might or you might find they're in a better
Speaker 5: situation to make a plan for the next five even
Speaker 5: ten years to aggressively contribute to their superannuation so that
Speaker 5: they can draw down on that. In addition to the
Speaker 5: age care pension, which given you've told me they don't
Speaker 5: have a lot of assets and I've made the assumption
Speaker 5: that they don't own their house, is potentially going to
Speaker 5: look like as following. Right, So the age care pension
Speaker 5: gives a maximum, and there's like different levels of what
Speaker 5: they're going to look at and not look at. For
Speaker 5: single people, it gives a maximum of eleven hundred and
Speaker 5: fifty one dollars and thirty cents a fortnite or twenty
Speaker 5: seven thousand dollars a year, or for a couple, it
Speaker 5: gives you fifteen hundred and eighty five dollars a fortnight,
Speaker 5: which is about forty one two hundred and ten dollars
Speaker 5: a year. Right, you might look at that and go great,
Speaker 5: like that's within the amount that they need to live,
Speaker 5: like they could definitely live on that, or you might go, oh,
Speaker 5: that's not going to be super comfortable, at which point
Speaker 5: that's where their superranuation comes in. And I know that
Speaker 5: you're saying that their superannuation isn't heaps, but it doesn't
Speaker 5: need to be. And like I think a lot of
Speaker 5: people assume because you know she's on the money. It's
Speaker 5: all about creating wealth and creating financial stability. And I
Speaker 5: am so privileged to have this financial literacy at a
Speaker 5: young age that I do want to retire a millionaire.
Speaker 5: I'd be disappointed if I had this knowledge and this
Speaker 5: aggressive nature to save and invest right now at this age,
Speaker 5: if I didn't make the most of that and then
Speaker 5: retire comfortably. The same for you, Jess, Like, I know
Speaker 5: you want to retire well, and I know you will
Speaker 5: because you've started so young and you had time on
Speaker 5: your side right now. Your parents don't. But I don't
Speaker 5: want you to stress over that, because what happens with
Speaker 5: your super is we're going to load as much into
Speaker 5: it as possible, and then every year we can draw
Speaker 5: down on that, so the money stays invested and on average,
Speaker 5: you were expecting a rate of return of about five
Speaker 5: percent on that money. But then you might take out
Speaker 5: a couple of thousand dollars to make life more comfortable.
Speaker 5: Some years you might go no, we're not going to
Speaker 5: go on a holiday, or no, we're not going to
Speaker 5: do this or that, and that forty one thousand dollars
Speaker 5: might just keep the lights on and life tracking along.
Speaker 5: But if you want to have a sixty thousand dollar income,
Speaker 5: you might take twenty thousand dollars a year from your
Speaker 5: superannuation to quote top up what your pension is. And
Speaker 5: the pension actually allows for that, like you're not going
Speaker 5: to be reprimanded, and that money is tax free once
Speaker 5: it's gone into pension phase. So I think that that's
Speaker 5: really important. There are a number of different types of pensions,
Speaker 5: so I would be going onto the moneysmart dot gov
Speaker 5: dot AU website and understanding exactly what they might be
Speaker 5: able to access. But then on top of that, there
Speaker 5: are heaps of the things that you could set your
Speaker 5: parents up with. So get a concession card so that
Speaker 5: they get cheaper utility bills, cheaper medical bills. You know,
Speaker 5: they get bulk build when they need to, they get discounted,
Speaker 5: if not free public transport. In some states, you have
Speaker 5: to be over the age of sixty. Your dad actually
Speaker 5: ticks that box right now, so he could have those
Speaker 5: benefits right now. You need to also potentially look at
Speaker 5: I would say a Senior's card. So a Senior's card
Speaker 5: is a really cool thing. It gives you again discounts
Speaker 5: on public transport or like some goods and services. You
Speaker 5: might see it at the checkout of some like cafes
Speaker 5: and stuff. They do a little Senior's discount to make
Speaker 5: life a little bit more affordable.
Speaker 2: Don't I can gives you free cinnamon donuts.
Speaker 5: There you go, And I just think cinnamon donuts are
Speaker 5: going to change your life. But like, having these cards
Speaker 5: and knowing the benefits of them is going to increase
Speaker 5: your quality of life. Like if your parents are going
Speaker 5: far out, we're going to retire, both of us are
Speaker 5: currently working full time, or we have you know, more
Speaker 5: than one hundred thousand dollars coming into our household right now,
Speaker 5: going to forty one thousand dollars a year.
Speaker 2: That's hard.
Speaker 5: So what can we do to support that to go?
Speaker 2: All?
Speaker 1: Right?
Speaker 5: Well, you love a coffee and you love a donut, Like,
Speaker 5: here are a few benefits that could maintain that type
Speaker 5: of lifestyle so that the two of them can still
Speaker 5: go out and have those little dates or have the
Speaker 5: nice sweet treats that they definitely deserve but maybe can't
Speaker 5: fit in the.
Speaker 2: Budget as easily.
Speaker 5: Now there is going to be different eligibility criteria depending
Speaker 5: on your state and territory, so you need to look
Speaker 5: into that. I wish I could be like this is
Speaker 5: exactly what it is. And then there's the Commonwealth Senior's
Speaker 5: Healthcare cart So get them in all of that, like
Speaker 5: sign them up for all the benefits. Go talk to
Speaker 5: center Link, go work out what that looks like. The
Speaker 5: other thing I would say is when parents get a
Speaker 5: little bit older, sometimes they aren't well. And if that
Speaker 5: is the case, there's often more pressure on one person
Speaker 5: in that relationship, like your mum might be caring for
Speaker 5: your dad. In that case, talk to send about care
Speaker 5: is pay Is there an ability to have you know
Speaker 5: that be documented by a doctor to get an additional
Speaker 5: subsidy or an additional benefit for looking after that person,
Speaker 5: which you know what, if it is accessible and available
Speaker 5: to you, please just sign up for it, like it
Speaker 5: is there for you. We live in this country which
Speaker 5: is so beautiful, and this is why I pay my taxes.
Speaker 2: Yeah, that's what I want my tax money to go
Speaker 2: to it.
Speaker 5: This is what I want my tax money to go towards.
Speaker 5: This is why I'm so passionate about feeling privileged about
Speaker 5: paying tax, and I know that so many people could
Speaker 5: be like, oh it goes to the doll blood as
Speaker 5: it does. I don't care about those people. There is
Speaker 5: always going to be an individual in any system trying
Speaker 5: to take advantage of it. But you're telling me that
Speaker 5: my tax dollars go to making sure that we have healthcare,
Speaker 5: that we have roads that are safe to drive on,
Speaker 5: and that your parents can retire. Pop off.
Speaker 2: I love that for us.
Speaker 5: So you can actually do a lot about retirement planning
Speaker 5: and you can actually sit down and go okay, cool,
Speaker 5: like this is a bit overwhelming, but the money smart
Speaker 5: webs is so straightforward, like yes, the process might be hard,
Speaker 5: but like start talking to your parents now, like go
Speaker 5: okay cool, Like we need to have a look at
Speaker 5: your retirement plan because one thing, so for those of you,
Speaker 5: you know, playing along at home, when you do the
Speaker 5: aged care pension and you're trying to sign up for this,
Speaker 5: there's going to be an.
Speaker 2: Aged care eligibility.
Speaker 5: And I'm going to do a whole episode on this
Speaker 5: because I think it's really important. But in Australia, to
Speaker 5: get the full pension, you cannot have assets of more
Speaker 5: than four hundred and seventy thousand dollars. So let's say
Speaker 5: your parents have five hundred thousand dollars in stuperanuation between
Speaker 5: them and you want to get the full pension. Your
Speaker 5: family home is not being taken into consideration potentially, And
Speaker 5: I'm not saying that this is the perfect advice, but
Speaker 5: I have seen people do it before and it has
Speaker 5: worked for them. And you know, there's I'm going to
Speaker 5: do a whole episode, so I can, you know, do
Speaker 5: heaps of scenarios for you. I have seen people take
Speaker 5: thirty thousand dollars from their super invested in upgrading their home.
Speaker 5: They might get a new bathroom or you know, an
Speaker 5: updated kitchen. They now fall below the eligibility for a
Speaker 5: full pension, they can get their full pension instead of
Speaker 5: a part pension. Yeah, and they get something out of
Speaker 5: that that they actually probably wanted. But they were, you know,
Speaker 5: squirreling away all of their money because they were like,
Speaker 5: we'll need as much as possible, and which is true.
Speaker 5: But then maybe they've got that. And we're just using
Speaker 5: this as an example because I know lots of people
Speaker 5: are not retiring with four hundred and seventy thousand dollars
Speaker 5: in superannuation, but then they've got that four seventy that
Speaker 5: is not going to last them their entire life. But
Speaker 5: they might every year take another twenty thousand dollars out
Speaker 5: of their super and then have their pension of forty
Speaker 5: one thousand dollars and have a sixty thousand dollars income,
Speaker 5: And that is what retirement planning could look like for them.
Speaker 5: I'm not saying that your parents are you know, flush
Speaker 5: with cash, but in Australia, we are so lucky to
Speaker 5: have a system that supports people being able to move
Speaker 5: into retirement and live out their best lives. And I'm
Speaker 5: not saying it's going to be, you know, an income
Speaker 5: of like three hundred grand and they're living plush and
Speaker 5: they go on to Italy and all of that. Like
Speaker 5: they can retire, they can put food on the table,
Speaker 5: they can still enjoy life and not have to work
Speaker 5: full time for the rest of their lives. But in
Speaker 5: saying that, we are seeing and I'm so passionate about this,
Speaker 5: but we are seeing people choose to retire later, like
Speaker 5: closer to seventy or seventy five, because they feel fit,
Speaker 5: they feel healthy, and they feel well, and they're like, well,
Speaker 5: I want to put more money into my superrow. I
Speaker 5: want to continue to work so that I can have
Speaker 5: more And that's valid as well. So have this conversation
Speaker 5: with your parents. You don't know what their intentions are.
Speaker 5: And just because the quote retirement age is sixty five
Speaker 5: doesn't mean they have to tap out then, especially if
Speaker 5: they're fit and well and healthy. Like there's also sorry
Speaker 5: getting a little bit ahead of this, there is also
Speaker 5: like the ability to do some part time work while
Speaker 5: still getting your full time pension. So like there's up
Speaker 5: to I think it's about eleven thousand dollars. Do not
Speaker 5: quote me on that number because I haven't been a
Speaker 5: financial advisor in a long time, but it's about eleven
Speaker 5: thousand dollars worth of work you can do. So if
Speaker 5: your dad wants to continue doing one or two days
Speaker 5: a week or something, he might actually be able to
Speaker 5: do that, maintain some like work life balance, and also retire.
Speaker 5: So I just there's a lot you can do. And
Speaker 5: I think a lot of people just assume fire out.
Speaker 5: My parents don't have heaps, they're not going to be
Speaker 5: able to retire, and it's going to come back on me.
Speaker 5: You know what, I think that stepping into going hey,
Speaker 5: I could actually help you with financial planning. It doesn't
Speaker 5: mean it has to be your money. So let's maybe
Speaker 5: move towards being able to help people that way, because
Speaker 5: do you know how many people don't know what they're
Speaker 5: able to access?
Speaker 4: Yeah, and your time you thinking about it early, like
Speaker 4: this is great time to figure it out exactly.
Speaker 5: Exactly, and there's never like it's never too late. Yeah,
Speaker 5: like there's always a way to make something work. Yeah, totally,
Speaker 5: That's why I love financial planning anyway, Sorry, guys, we
Speaker 5: can do the juicy stuff now.
Speaker 4: All right, this week's m when a little something like this, Hey,
Speaker 4: she's some money. This might be over the top, but
Speaker 4: it's getting colder and my winter anxiety is setting in.
Speaker 4: I live in a share and I'm really careful.
Speaker 2: With my money.
Speaker 4: I'll layer up sit under a blanket before I even
Speaker 4: think about turning the heating on. But my housemate is
Speaker 4: the total opposite. She'll crank the heating the second it's
Speaker 4: cold and walk around in a T shirt like it's summer.
Speaker 4: Every time I hear it kick on, I feel sick
Speaker 4: thinking about the bill, our priorities are just so different.
Speaker 4: She earns more than I do and doesn't seem to
Speaker 4: think about the cost, and I literally lie in bed
Speaker 4: worrying about it. I don't think it's fair that we
Speaker 4: split the bill fifty to fifty because I barely use
Speaker 4: the heater. I haven't said anything because I don't want
Speaker 4: to be that housemate, but it's starting to really stress
Speaker 4: me out. What do you even do in that situation?
Speaker 2: I am the crank the heater housemate.
Speaker 6: But I also think, like if you are living with someone,
Speaker 6: this is the tricky thing about like housemates, and like
Speaker 6: any kind of situation where you are put in a
Speaker 6: position where like if you discuss how you're feeling, people
Speaker 6: are I don't know what I'm trying to say, but
Speaker 6: I think like in this dynamic, the likelihood of someone
Speaker 6: getting defensive is so much higher for some reason in
Speaker 6: like a sharehouse environment. So it's like it's very hard
Speaker 6: to like just be like, oh, just communicate with them.
Speaker 2: Because this is a very scary situation. I totally get that.
Speaker 6: But hopefully your housemate is someone who is really really
Speaker 6: open and really chill, really fair, really kind, and is
Speaker 6: not going to be defensive.
Speaker 2: That is the perfect scenario.
Speaker 6: I do think it's you know, and I don't want
Speaker 6: to be like, you know, communication is key, but I
Speaker 6: think people grew up different. I feel like if you
Speaker 6: grew up wanting to just blast the heater out, like
Speaker 6: I grew up in a heater household, where like there's
Speaker 6: not even for a single second, and there's no way
Speaker 6: I'm going to be uncomfortable in my own house. And
Speaker 6: then I moved in with a friend who was like,
Speaker 6: just put a blanket on. I'm like, oh, please put
Speaker 6: the heater on it. And she's like, put a blanket on,
Speaker 6: just put some pants on, and like, but then once
Speaker 6: I move from the blanket and I'm in the air again,
Speaker 6: I'm freezing cold and I just want to move around
Speaker 6: my home comfortably.
Speaker 2: And she's like, no, it's you know, just chuck some
Speaker 2: socks on, just put more socks.
Speaker 6: On, that friendly pairs of socks anywhere I just put
Speaker 6: the heater on.
Speaker 2: And so like, I'm a heater girl because I want
Speaker 2: the air to be warm. I want to move freely.
Speaker 2: But I will also pay. I'll happily pay more.
Speaker 5: You would hate living with me.
Speaker 2: I hate cold.
Speaker 5: You would because like even when the heater goes on,
Speaker 5: Get this, guys, this is not a flex. Jess would
Speaker 5: hate living with me as well. In fact, when just
Speaker 5: comes to my house, I purposefully put the heater up
Speaker 5: because I know she'll be more that's cue.
Speaker 2: But like I will put the heater.
Speaker 5: Up to a level when Jess is not in my
Speaker 5: house that it just takes the edge off, like it
Speaker 5: doesn't have to be warm. But like, girl, we're not
Speaker 5: going to be living in twenty three degree heat. Like
Speaker 5: you don't need heat twenty three degree heat, No, absolutely not,
Speaker 5: and your house does not need to be twenty three degrees,
Speaker 5: but like it can't be below like sixteen, that's ridiculous totally,
Speaker 5: but like you know, I'll get it up to twenty
Speaker 5: and then I'll turn off the heater.
Speaker 7: Yeah, because you can wear socks and a blanky and
Speaker 7: like it's just so not efficient energy why But also
Speaker 7: like it's so expensive, like that's the bee it's so
Speaker 7: expended expensive.
Speaker 6: But if someone was like I'll pay seventy eighty percent
Speaker 6: of the energy bill.
Speaker 5: Yeah, but you're not having that conversation yet. So like
Speaker 5: if your housemate had said that you're not going to
Speaker 5: feel sick at night, are you, like you're not going
Speaker 5: to be like worried about it. Just what would you
Speaker 5: do if you and I had to time?
Speaker 2: Like right in the middle.
Speaker 4: So as you guys know, someone actually commented with this
Speaker 4: on one of our reels very recently. We spoke about
Speaker 4: do you remember we filmed it. It was like, what
Speaker 4: would you not give up from your budget? And I said,
Speaker 4: I don't think there's anything that I wouldn't cut if
Speaker 4: I had to cut things. Yes, And someone commented and said, would.
Speaker 2: Just give up her?
Speaker 4: We've actually reduced our average temperature by two degrees this year.
Speaker 2: It's important we did what it's better for the environment.
Speaker 4: And also just like last year, one month we had
Speaker 4: a bill it was eight hundred dollars and I nearly died.
Speaker 2: I nearly died, but for the quarter, for the quarter
Speaker 2: for the gas.
Speaker 5: Now it was for a month.
Speaker 4: Really yeah, and that's when I was I think our
Speaker 4: house and this is the thing is we have high ceilings,
Speaker 4: we have a bedroom house, Like it's not cheap to
Speaker 4: heat so at all. Yeah, there's lots of things a
Speaker 4: factor in. I would say, I agree, you got to
Speaker 4: talk to your house mate because if they're like Beck
Speaker 4: and they grew up in a household where you didn't
Speaker 4: think about it. I grew up in a house that
Speaker 4: didn't have heating as a child, like we did not
Speaker 4: We had a one single flame heater on the wall.
Speaker 2: That was it. Like, we didn't have central it teing,
Speaker 2: So it's never something we thought about. As an adult,
Speaker 2: I was like, oh my god, heating, this is mint.
Speaker 4: Yeah, so I've just like gone really hard on the extreme.
Speaker 4: But if you're someone who never had to think about it,
Speaker 4: it might not even be occurring to them in the
Speaker 4: way that it is to you. So I think that
Speaker 4: by bringing it up, if they're as VI was saying,
Speaker 4: if they're a nice person, they might just go, oh
Speaker 4: my god, I'm so sorry. I hadn't even thought about that.
Speaker 4: So hopefully if you approach them kindly, they can just
Speaker 4: see it from your perspective. A good alternative if there's
Speaker 4: someone like Beck who does want to live in warm air,
Speaker 4: look at like.
Speaker 2: A little space heater.
Speaker 4: You can get some like relatively energy efficient ones nowadays,
Speaker 4: and particularly like if you're sitting in a living room
Speaker 4: or a bedroom, like you don't need to be heating
Speaker 4: a house and all of it rooms if.
Speaker 2: You're not using all of the roots totally.
Speaker 4: So those little space heaters are great because then maybe
Speaker 4: your housemate could heat whatever room they're into their hearts desire.
Speaker 4: They can keep it toasty comfortable, the don't have to
Speaker 4: feel bad, and the electricity is generally a lot more
Speaker 4: affordable than gas as well. So if you can get
Speaker 4: an energy efficient one, because there are some that are
Speaker 4: really not zero energy efficient, that might be a good
Speaker 4: middle ground.
Speaker 2: But I think you just have a chat to them.
Speaker 6: And I wasn't even thinking about it because we don't
Speaker 6: really do the air con like household thing.
Speaker 7: I was.
Speaker 2: I was thinking about those little orange radiator heaters. You
Speaker 2: put your heater blanket on, you get your radiated. You
Speaker 2: know it's and so that's what I was.
Speaker 4: So that's actually really clod blanket too. We recommended this
Speaker 4: on stories recently.
Speaker 2: Used to at the office.
Speaker 4: If you're an officerity, you would need a heated tha
Speaker 4: get it came out. I think you're about forty five dollars.
Speaker 4: Aldie did them as a special wife a few weeks ago.
Speaker 2: Forty five You would be shocked at how warm one
Speaker 2: of those keeps you. A gift.
Speaker 5: Also, I want to mention here because Becky said that
Speaker 5: it was a really scary thing to have these conversations
Speaker 5: with your housemate, and I totally get that. I think
Speaker 5: when you're having these conversations, you also need to take
Speaker 5: the emotion out of it. But you need to actually
Speaker 5: look at how you're approaching situations like this. Because if Beck,
Speaker 5: you and I live together and I came to you
Speaker 5: and I said, you always have the heater on, immediately,
Speaker 5: you're going to be different one hundred percent. So we
Speaker 5: need to approach it. Hey, Beck, I'm actually really stressed
Speaker 5: about the money side of things, and I noticed our
Speaker 5: bill's really high, and I just I feel we're not
Speaker 5: saying you do, We're saying I feel like we could
Speaker 5: probably cut back on how much we use the heater
Speaker 5: because I didn't realize how much it was, or you know,
Speaker 5: you could even find some soft ways to integrate it,
Speaker 5: be like I saw this TikTok about how much heaters
Speaker 5: like actually cost and how much they bump up your bill,
Speaker 5: or you know, I listened to this podcast, Like, you
Speaker 5: don't have to immediately go you always have the heater.
Speaker 5: The second you do that, you're making a defensive conversation
Speaker 5: and they're not going to come to the table. They're
Speaker 5: going to come to their own defense. So how do
Speaker 5: you start a conversation where people are going to come
Speaker 5: to the table as opposed to come to the defense.
Speaker 5: So I think in any situation, whether it's your housemates
Speaker 5: storing their stuff on your shelf in the fridge, or
Speaker 5: if it is you, you know, trying to negotiate the heating.
Speaker 2: Bill, it's a we thing.
Speaker 5: We are in a household together and we are able
Speaker 5: to have an impact on our finances.
Speaker 6: It's also like the problem is that the energy prices
Speaker 6: and you take the people out of it. It's like
Speaker 6: you probably love your housemate and you guys have it exactly.
Speaker 6: So that's why we need to tackle things as.
Speaker 2: A group as opposed to this.
Speaker 5: Housemate does one thing and another that just creates division
Speaker 5: and it's just going to mean that that's a point
Speaker 5: of contention. You might drop the conversation and never want
Speaker 5: to come back to it because you're like, oh, we
Speaker 5: just fought when that happened.
Speaker 2: You want to hear what everyone else?
Speaker 4: Yes, please alright it So the first thing we asked
Speaker 4: over on Instagram was are you the type of person
Speaker 4: who rugs up before you put the heating on? Sixty
Speaker 4: one percent said yep, I'm a human burrito, twenty percent
Speaker 4: said no, give me the warmth asap, and nineteen percent said,
Speaker 4: in this economy, yeah, I am. Next, we said how
Speaker 4: would you handle this situation?
Speaker 2: Eighty percent of.
Speaker 4: People said, girl, you got to bring it up asap,
Speaker 4: nine percent of people said I'm just going to live
Speaker 4: with it, and twelve percent of people said I'd passive
Speaker 4: aggressively start dropping some hints.
Speaker 5: Okay, no, no passive aggressiveness. No one wants to live
Speaker 5: with someone who's passive aggressive.
Speaker 6: No.
Speaker 2: It makes people stop leaving notes on things. Stop it. Yeah, yeah,
Speaker 2: awkward chats in the group text.
Speaker 5: Yeah, stop leaving the house.
Speaker 2: They're sending a group message. Come that out.
Speaker 4: Lastly, we said give us your two cents. We definitely
Speaker 4: got some thoughts. Firstly, somebody said, I implemented a five
Speaker 4: clothing rule in my sharehouse, but I must be wearing
Speaker 4: pants atop a jumper, socks and slippers before.
Speaker 2: The eating grace on. Wow, I kind of don't hate it. Yeah,
Speaker 2: I actually like it. I think it's fair too.
Speaker 4: Next, somebody said to me, eating is a basic necessity,
Speaker 4: and I give up other things before I gave up heating,
Speaker 4: which is also a very fair take. Somebody else said,
Speaker 4: you have to take the downsides with the upsides of
Speaker 4: sharing a house. It is cheaper for a reason, which
Speaker 4: is kind of a good point.
Speaker 5: Yeah, but it's not if you just have the heater
Speaker 5: on the whole time.
Speaker 4: Well, yeah, I could probably pay more, more less and
Speaker 4: live on your own exactly. Somebody else said, I'd want
Speaker 4: to have proof that it makes a significant difference before
Speaker 4: I bother bringing it up.
Speaker 5: So I just look at your winter versus your summer bill. Yeah,
Speaker 5: there's your proof, or year on year potentially even before
Speaker 5: Jess moved in.
Speaker 4: Yeah, cheaper or also get a heat pack. Heat packs
Speaker 4: a great for heating. That's another one I've got true.
Speaker 4: Somebody else said, I've been in this exact situation. I said, nothing,
Speaker 4: my house makes work from home and had the heating
Speaker 4: on twenty four to seven.
Speaker 2: This is also a great point one person.
Speaker 4: Because I'm the work from home person. But I just
Speaker 4: don't turn the heater on like we have it on
Speaker 4: in the morning to bring it up to like, you know,
Speaker 4: nineteen degrees twenty degrees, and then I'll leave it off
Speaker 4: snug with a heat bag and then it goes on
Speaker 4: the evening when we're both home. Oh cute, Like, maybe
Speaker 4: that's what we try, you know, maybe there's a middle ground.
Speaker 4: Somebody else said bring it up, but be prepared that
Speaker 4: they'll probably have grievances to raise tu Yeah.
Speaker 2: Yeah, that's well. Start stealing our cereal.
Speaker 4: Yeah, stop leaving your socks next to the laundry basket.
Speaker 2: I've had a conversation about that.
Speaker 4: And lastly somebody said hide the remote and then plead innocence.
Speaker 2: She's just disappeared.
Speaker 6: Yeah, because there's no like, it's not like a TV
Speaker 6: with like another button on the thing. Maybe there is,
Speaker 6: I don't know is a.
Speaker 5: Wall one, but it tends ours has the remote sitting
Speaker 5: on the wall. I'm pulling it off.
Speaker 4: Yeah, I just no, it definitely wasn't me. I definitely
Speaker 4: I never turned the heating on.
Speaker 2: I don't know whether I'm a really budget friendly option.
Speaker 5: You can actually have a baby and then you can
Speaker 5: blame the remote going missing on the baby.
Speaker 2: He must have run off with it, Yeah, must have
Speaker 2: been months. You're going to be just fine.
Speaker 5: They're going to be financially flush, and I think that's it.
Speaker 2: I'm going to see me out. I hope you feeling
Speaker 2: had it.
Speaker 4: Next week, VD, we miss your toes, but you can
Speaker 4: hear on Monday.
Speaker 2: That was recorded before this. I think it's quite sexy.
Speaker 1: You don't.
Speaker 2: That's very nice.
Speaker 5: That's very nice. We'll see you next week, guys.
Speaker 2: Bye guys.
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Speaker 2: Mm hmm