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Speaker 1: My name's Sasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country t glennyan Ganya, Niana,

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Speaker 1: kaka ya Ya bin Ahaka Nian our gay In Nimbina,

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Speaker 1: yakarum jar Dominyama, Domaga Ithawakawaman, damon Imlan bomber bang Gadabomba

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Speaker 1: in and now in wakah ghana on yak rum jar Watnadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank I acknowledge and respect the Abiginal people's land

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Speaker 1: that we're gathering on today. Take pleasure in all the

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Speaker 1: land and respect all that you see. She's on the

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Speaker 1: Money podcast acknowledges culture, country, community and connections, bringing you

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Speaker 1: the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money. Hello and welcome to She's on

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Speaker 3: the Money, the podcast that can't Believe the end of

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Speaker 3: the financial year is all I know.

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Speaker 2: I don't want to know about it.

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Speaker 3: If you're feeling the same, don't worry. You're not alone.

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Speaker 3: One minute it was all New Year, New me, and

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Speaker 3: next you're wondering, where's all your money and motivation actually gone.

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Speaker 2: I don't know, jessicap, but I need hell.

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Speaker 3: It disappeared, and no, I'm not besited. I'm Jessica Ricky.

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Speaker 2: I have been duped. Surprise.

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Speaker 3: I'm filling in for Beck boshes away, and obviously I'm

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Speaker 3: not doing this alone. Victoria Devine is here with me,

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Speaker 3: ready to keep its accountable and I'm sure deliver a

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Speaker 3: bit of tough love if we need it.

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Speaker 4: Yeah. Absolutely, I'm the Queen of budding, and so I

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Speaker 4: don't think it was a surprise that I was here

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Speaker 4: during your intro. But I feel like everyone in our community,

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Speaker 4: including you and I, Jess, like we're not just going

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Speaker 4: oh you guys, is like us too. We love to

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Speaker 4: set big, really shiny goals at the start of the year.

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Speaker 4: But if we've learned anything from our past episodes that

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Speaker 4: a year is a really long time to stay motivated,

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Speaker 4: and like life happens, plans change, and by like February,

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Speaker 4: I don't know, it feels like most of those resolutions

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Speaker 4: have already gone out the window and I've just gone back.

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Speaker 2: To my old habits.

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Speaker 4: But just like a halftime in sport, Jess, I guess

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Speaker 4: this is where you pause and then we have a

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Speaker 4: look at our strategy and we reassess, and then we

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Speaker 4: head back out with a stronger and better game plan.

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Speaker 3: You're the coach here to give us a rousing.

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Speaker 2: The coach.

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Speaker 4: I don't know if you'd want me to coach anything,

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Speaker 4: because you'd be like, oh, this is really hard, and

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Speaker 4: I'd be like, baby, you don't have to do that,

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Speaker 4: Like that's the best thing about sport, you don't have

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Speaker 4: to do them. But first, I guess when putting this

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Speaker 4: episode together, I really wanted you to remember to look

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Speaker 4: at your expenses and you're spending from the last six months,

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Speaker 4: and like, I know that this might not be the

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Speaker 4: most fun way to.

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Speaker 2: Spend your time.

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Speaker 4: But if you're in a country like Australia who follows

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Speaker 4: the end of financial year, which is on June thirty

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Speaker 4: a happy birthday to me, there is also some serious

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Speaker 4: benefit in getting this done before the end of financial year.

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Speaker 2: Also, like New Year, knew me, Like first of.

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Speaker 4: July can be like your new financial year, but like

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Speaker 4: you don't have to start then because you've already made

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Speaker 4: the plan already.

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Speaker 2: Yeah, does that make sense? And like the sales are everywhere.

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Speaker 4: I feel like I've already started seeing them ramp up,

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Speaker 4: which is absolutely wild. I saw someone on social media

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Speaker 4: the other day saying, oh, e f y sales coming soon, and.

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Speaker 2: I was like, guys, what the heck?

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Speaker 4: But if we're smart, we can actually use this coming

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Speaker 4: season to our advantage instead of just getting swept up

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Speaker 4: in the marketing height, which I think a lot of

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Speaker 4: us do every single year. And I guess another reason

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Speaker 4: we look at six months of spending data is because

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Speaker 4: I guess that shows you the real cumulative cost of

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Speaker 4: your habits. So those sneaky little expenses that don't feel

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Speaker 4: like a big deal. In a moment, you realize, oh,

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Speaker 4: that fifty dollars on Uber eats feels kind of harmless

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Speaker 4: right now. But then we zoom out, You've already spent

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Speaker 4: thirteen hundred dollars in the last six months.

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Speaker 2: Yeah, do you know what I mean?

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Speaker 4: Like, yeah, I think you and I go, oh, fifty

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Speaker 4: bucks on a new top. Like I feel like, in

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Speaker 4: this economy, fifty dollars on your new top's a good deal,

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Speaker 4: But like, if you're doing that every single week, that's

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Speaker 4: thirteen hundred dollars, like that total, and having that cost

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Speaker 4: be maybe a little bit confronting can actually help you

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Speaker 4: realize that maybe that spending wasn't a part of your

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Speaker 4: goals or values, and like you don't have to continue

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Speaker 4: that way. We can, I guess, reallocate that money to

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Speaker 4: something that is a little bit more fun, but also

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Speaker 4: something more in line with our values, like maybe a

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Speaker 4: holiday fund or paying off your credit card debt that's

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Speaker 4: really stressing you out. And I guess once you have

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Speaker 4: all your expenses together, I want to like play a

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Speaker 4: game with it.

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Speaker 2: It's like shoot Mary Kill. Yeah, shoot Mary.

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Speaker 3: Kill, very aggressive. I played kiss Mary Kill.

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Speaker 2: Oh do you yeah?

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Speaker 4: Oh well, maybe it's a little bit different in our house.

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Speaker 4: We're going to play that with our money, but we're

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Speaker 4: going to like reframe it a little bit. It's going

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Speaker 4: to be keep, cut and switch. That's not as good,

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Speaker 4: not as sexy said. If you want to use and

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Speaker 4: shoot Marry kill, you can. I feel like it's a

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Speaker 4: little bit more dramatic, but like keep, that's probably Marry

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Speaker 4: if you're playing that version of the game. Keep is

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Speaker 4: the things that I think genuinely bring value into your life.

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Speaker 4: These are the things think of it as your like

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Speaker 4: financial non negotiables, Like girl, we're paying rent, like I'm

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Speaker 4: sorry you have to pay you your utilities. Like if

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Speaker 4: you do go to the gym regularly and you love

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Speaker 4: your gym membership, like that goes in that bucket, but

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Speaker 4: only if you're actually using it. Don't try and gaslate

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Speaker 4: yourself into oh, like maybe I'll keep it because in

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Speaker 4: this new financial year, I'll use it. Don't line to yourself.

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Speaker 4: Be ruthless, be ruthless. But like we're keeping the things

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Speaker 4: that we want to keep in our lives, we want

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Speaker 4: to marry, then cut that's kill. We are going to

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Speaker 4: cut the stuff that isn't serving us anymore, those little

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Speaker 4: expenses that we were talking about earlier that just don't

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Speaker 4: align with our values. Like if you looked at this

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Speaker 4: jests and said, I'm spending fifty bucks on Uber eats

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Speaker 4: every single week, I love it.

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Speaker 2: Pop off. Yeah, Like thirteen hundred dollars on Uber.

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Speaker 4: Eats to you might be absolutely worth it, because like

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Speaker 4: you're telling me that every I don't know, I'm going

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Speaker 4: to make this up. Every single Friday night, you and

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Speaker 4: your partner get a pizza on Uber eats and you

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Speaker 4: watch one of your favorite movies and you have the

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Speaker 4: best date night of your entire Life God thus worth

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Speaker 4: thirteen hundred bucks over six months. But if you're like, oh,

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Speaker 4: because they didn't want to cook, and I couldn't be

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Speaker 4: bothered getting up and walking to the freezer to see

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Speaker 4: if there was any chicken nuggets, So we ordered chicken nuggets.

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Speaker 2: Do you know what I mean? Like, that's clearly not

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Speaker 2: serving you, So we want to cut those things.

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Speaker 4: They might be subscriptions that you forgot about, all the

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Speaker 4: healthy insurance extras that you don't even know that you're

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Speaker 4: currently paying for because you need to review them. And

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Speaker 4: then we've got switch, which I think is shoot because

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Speaker 4: you might survive rush. But like there's switch and this

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Speaker 4: is where you shop around and negotiate a better deal

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Speaker 4: on things like your energy bills, your health insurance, your

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Speaker 4: phone plan, and basically anywhere that you are paying. The

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Speaker 4: infamous loyalty tax we did a whole episode, Jess, was

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Speaker 4: that you and I back in the day. I feel

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Speaker 4: like we did the loyalty tax episode together.

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Speaker 3: I've done one I don't remember.

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Speaker 4: Just key in loyalty Tax. She's on the money, and

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Speaker 4: the episodes we've done on that will come up. But

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Speaker 4: like that's where it's shoot, getting the gun out if

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Speaker 4: you don't get us a better deal, leaving, that's very leaving,

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Speaker 4: But like we're going to switch, Like I am not

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Speaker 4: being held hostage by loyalty tax I don't care if

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Speaker 4: you've been with a company you for like, oh yeah,

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Speaker 4: but they sent me their premiums and sent congrats for

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Speaker 4: being a member for nine years.

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Speaker 3: What are you really getting?

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Speaker 2: What are you getting out of that?

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Speaker 3: Yeah?

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Speaker 2: Is it a discount? Because if it's not, I don't

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Speaker 2: want it.

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Speaker 3: Amen.

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Speaker 2: The best part is at the end of the financial year.

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Speaker 2: I think this is the best time to do with it.

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Speaker 4: This is when all the private health insurance companies they

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Speaker 4: go fishing because the medicare surcharged levy that is going

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Speaker 4: to come into effect by June thirty, which means if

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Speaker 4: you earn over a certain amount and you don't have

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Speaker 4: private health insurance, you have to pay more. And they

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Speaker 4: know that you are going to scramble to get health insurance.

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Speaker 4: So if you already have it, why not use it

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Speaker 4: as the best time to get a better deal. Be

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Speaker 4: like you are offering this to other people, I would

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Speaker 4: like that deal, And I mean this is when lots

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Speaker 4: of different providers are throwing around. I would say juicy benefits,

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Speaker 4: like you might get one month free of cover, or

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Speaker 4: a gift card or something for joining up, or even

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Speaker 4: just a discount on the deal that you already had,

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Speaker 4: like this is a good deal, yess.

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Speaker 3: Yeah, absolutely. And another really great way to make the

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Speaker 3: most of end of financial year is to take a

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Speaker 3: look at what is actually already on your keyp list

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Speaker 3: and see if there's anything that's going on sale.

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Speaker 2: So can rent go on sale? O? Girl can dream? Yeah?

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Speaker 4: Can you imagine if you like able to negotiate and

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Speaker 4: you're like, landlord is marketing your rent?

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Speaker 3: Ah, I wish I'd be going to bat for that.

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Speaker 3: I'll tell you what. But if there's a software subscription

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Speaker 3: that you rely on, check if they're running an end

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Speaker 3: of financial year discount, or maybe if you're happy with

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Speaker 3: your current insurance provider, like you are saying, that's great,

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Speaker 3: but can you take them a competitors price and see

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Speaker 3: if you can, you know, say, hey, give it to me,

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Speaker 3: put the gun to the head. I'm gonna walk somewhere else.

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Speaker 4: But like it kind of makes sense, Like I'm so sorry,

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Speaker 4: but we're in the cost of living crisis and my

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Speaker 4: job is to help you financially, Like even if you

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Speaker 4: threaten to quit, like this is a little bit unhinged,

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Speaker 4: but like even if you're like I really like this,

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Speaker 4: like software that I used, and I'm not going to

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Speaker 4: name names because like we don't want to, but Jess,

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Speaker 4: you and I know well that there is one very

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Speaker 4: popular software. If you go through their settings and you

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Speaker 4: go cancel my account, you're just toying with the idea.

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Speaker 4: You're just having a look to see what happens if

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Speaker 4: you hit cancel my account, because.

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Speaker 2: You always get it back.

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Speaker 4: They go, oh, you sure you want to leave, We'll

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Speaker 4: give you a fifty percent discount, and go, oh, what

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Speaker 4: a coincidence.

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Speaker 3: I guess I'll stay.

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Speaker 4: Yes, I'll stay to look around and even google the

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Speaker 4: software that you use and be like, how to get

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Speaker 4: a discount on software xyz because sometimes there are little

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Speaker 4: loopholes like threatening to cancel, and they're like, oh, well,

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Speaker 4: here's our retention strategy. You didn't even have to call

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Speaker 4: anyone on the phone, and you saved fifty percent on

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Speaker 4: your very expensive software that edit things.

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Speaker 3: One hundred percent, say less. And it's about keeping what

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Speaker 3: you love but making sure you're getting the best possible deal.

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Speaker 2: I think that is a good deal. Like again, shoot,

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Speaker 2: and I'm.

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Speaker 3: Looking, I think we've got like some real aggression problems

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Speaker 3: in this team.

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Speaker 2: Well I do, because I'm just like, why am I

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Speaker 2: paying so much for software?

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Speaker 4: Anyway, that's beside the point, Like this isn't a green

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Speaker 4: light though, jes just to go rogue with your credit card.

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Speaker 4: But if you know that you're going to like need

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Speaker 4: things that are work related expenses, so like equipment, maybe

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Speaker 4: you've been going, oh, I work for myself and I

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Speaker 4: need a new laptop. Or even if you like regularly

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Speaker 4: buy things like skincare or household staples, I reckon the

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Speaker 4: end of financial year sales are a literal perfect time

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Speaker 4: to buy them at a discount, stock up for the

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Speaker 4: upcoming year exactly, Like look at those expenses and be like, okay, cool,

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Speaker 4: Like what is one thing that I bought over that

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Speaker 4: last six months? Maybe you do buy two of your

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Speaker 4: favorite moisturizer while that website has a forty percent discount

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Speaker 4: because you're like, I know in the last six months

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Speaker 4: I've used to and they're not going to go off

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Speaker 4: in that time. I'll just buy two so it gets

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Speaker 4: me through to the end of the year. Maybe I'll

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Speaker 4: stuck up again at Christmas. Yeah, like when Christmas sales

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Speaker 4: are on.

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Speaker 3: What are some other end of financial year reminders people

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Speaker 3: should keep in mind.

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Speaker 2: I've written down a couple, so bear with me.

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Speaker 4: But another thing that future you is definitely going to

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Speaker 4: thank you for is topping up your super jessic Ici.

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Speaker 4: We want to do that before June thirty though, so

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Speaker 4: that we can take advantage of concessional which is before tax,

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Speaker 4: and non concessional, which is after tax contribution caps if

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Speaker 4: you can. So those have moved now, and I don't

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Speaker 4: think most people in our community can max out there

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Speaker 4: super like, just because I don't want you to think, oh,

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Speaker 4: Victoria is being unrealistic, Like the cap is thirty thousand dollars.

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Speaker 4: I'm not going to contribute thirty thousand dollars to my super.

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Speaker 2: This year, like go, it's just a cap.

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Speaker 4: Yeah, even an extra few hundred dollars or fifty bucks

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Speaker 4: to your super could be really good. And if it's

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Speaker 4: come from your bank account, come tax time, you will

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Speaker 4: get a refund on the tax that you already paid, because,

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Speaker 4: for example, the supernuation tax environment is fifteen percent. But

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Speaker 4: most people in our community, I would say have an

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Speaker 4: average tax rate of thirty percent. That means a fifteen

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Speaker 4: percent return on the money that you deposited.

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Speaker 3: That's pretty appealing.

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Speaker 2: That's pretty appealing.

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Speaker 4: And for a lot of us, I know we're asking

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Speaker 4: questions like, oh, my super fuels behind, or I want

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Speaker 4: to get a little bit ahead, like small steps in

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Speaker 4: the right direction, Like we don't need to have thirty

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Speaker 4: thousand dollars to max out our super Like a few

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Speaker 4: dollars here and there over the long term could actually

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Speaker 4: compound and put future you when future you is retiring

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Speaker 4: in the.

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Speaker 2: Best possible position.

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Speaker 3: And we love that we do.

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Speaker 4: I feel like that's a win win, and Jess I

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Speaker 4: would say, this is something that you want to look

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Speaker 4: at right now, like not the twenty ninth of June,

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Speaker 4: because one thing that a lot of people do not

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Speaker 4: realize is that the contributions have to clear, so like

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Speaker 4: they have to hit your superanuation account before the end

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Speaker 4: of financial year to count. You can't just go, oh,

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Speaker 4: but I transferred it on the twenty ninth of June,

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Speaker 4: But then maybe your superannuation account doesn't have OSCO and

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Speaker 4: it didn't hit like July second.

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Speaker 2: Sorry, it falls into the new and.

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Speaker 3: A lot of people start doing them at end of

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Speaker 3: financial ye. I know, my super has a notification that

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Speaker 3: pops up usually in the app that says, hey, like,

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Speaker 3: if you're planning on making contributions to it two weeks

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Speaker 3: prior to allow for process.

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Speaker 4: You just want to make sure that, like you're dotting

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Speaker 4: all your eyes and crossing all your te's, so like

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Speaker 4: if you did it so that you could reap the

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Speaker 4: tax benefits, you actually can. And I think that that's

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Speaker 4: important because not alsubanuation funds have the easiest processing systems,

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Speaker 4: so it's easy for you to transfer, but then their

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Speaker 4: processing is like maybe a bit more manual, And that

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Speaker 4: doesn't mean they're bad, It just means it takes a

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Speaker 4: little bit longer totally.

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Speaker 3: And that's applicable to anyone who wants to use the

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Speaker 3: first home Super Savior scheme as well.

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Speaker 4: So the first time Super Saviors scheme. I was explaining

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Speaker 4: this to a friend the other night, maybe maybe I'd

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Speaker 4: had a few ones, and I was like, girl, it

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Speaker 4: is the closest thing to money laundering that you can

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Speaker 4: get to in Australia because you can put your cash

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Speaker 4: in and then you can take it out and you

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Speaker 4: can get a refund.

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Speaker 2: Let me love, you can get a lower tax, that's right.

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Speaker 4: And they were like, Victoria, you all right, And I

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Speaker 4: was like, girl, if you are buying your first home

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Speaker 4: and you're not using this system even like to put

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Speaker 4: fifteen granding because you're planning on buying really soon and

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Speaker 4: you actually can't use it over the long term, is

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Speaker 4: that not free money?

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Speaker 2: Jes Totally yeah, but it is free money.

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Speaker 4: And I explain, like again, I told you guys before

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Speaker 4: that the superannuation tax environment is fifteen percent and most

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Speaker 4: of us are on a marginal tax rate of thirty percent.

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Speaker 4: If you're higher than that, like if you're even closer,

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Speaker 4: like the more money you earn better the first home

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Speaker 4: super sabor scheme is, and like this is one of

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Speaker 4: the places where you go, you know, the rich really

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Speaker 4: do keep getting richer because you'll get fifteen percent tax back, Jess,

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Speaker 4: And they will too, but because they're paying more tax,

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Speaker 4: they get more of a discount. So it's kind of

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Speaker 4: like instant returns on your money. And the benefit is

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Speaker 4: if you start saving for your first home now, but

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Speaker 4: you're like, v it's going to take forever, like I'm not,

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Speaker 4: and Jess, you would know this well, does not take

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Speaker 4: a year or two years to save for your first

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Speaker 4: time home anymore, which I think the de Lulu boomers

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Speaker 4: think it does, but like it can take you ten years,

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Speaker 4: but you actually get the returns on that money that

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Speaker 4: was invested as well to go towards your first home.

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Speaker 4: So it's not just those tax benefits, but it's also

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Speaker 4: the investment returns over that period of time.

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Speaker 2: Is that not super sexy?

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Speaker 3: It's amazing.

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Speaker 2: It's so good.

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Speaker 3: And if you are thinking about buying soon, your contribution

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Speaker 3: cap we've spoken about this before, but it's fifteen thousand

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Speaker 3: per financial Yeah, so.

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Speaker 2: You can do fifty thousand dollars over the long term.

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Speaker 3: Yes, So you could drop fifteen thousand in now and

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Speaker 3: then come July first you can put another fifteen you

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Speaker 3: don't even need me, and then all of a sudden,

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Speaker 3: there's thirty thousand ready to go.

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Speaker 4: Like, if you are planning on buying this year, that's

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Speaker 4: thirty thousand dollars that you can pop through that scheme.

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Speaker 4: I mean, obviously this isn't personal advice, and if it

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Speaker 4: works for you, fantastic. The actual best thing that you

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Speaker 4: could do if you're thinking about the first home, super

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Speaker 4: savor scheme, Jess, and I feel like I rant about

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Speaker 4: this a lot when we talk about super is just

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Speaker 4: call your super fund because Australian super versus like host plus,

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Speaker 4: they're going to have like a slightly different process, Like

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Speaker 4: it might just be different release forms or ways that

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Speaker 4: you contributed.

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Speaker 2: But just pick up the phone because you are already.

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Speaker 4: Paying subernuation fees to get this advice, so it's technically

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Speaker 4: free because you've already paid for it. It's how I

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Speaker 4: see holidays, like if I already prepaid the holiday and

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Speaker 4: then it's been a few months before I went on

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Speaker 4: the holiday, the holiday was free. Yeah, girl, math, But

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Speaker 4: pick up the phone and have a chat with them

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Speaker 4: and be like, hey, really want to make the most

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Speaker 4: of this. They can give you financial advice on that

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Speaker 4: I can't. But they could say, Okay, yes, your contribution

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Speaker 4: strategy looks like this to cap out this system and

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Speaker 4: this is going to work this way.

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Speaker 2: How good is that?

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Speaker 3: We love that free advice?

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Speaker 4: Yes?

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Speaker 3: Please? Alrighty, what is next on your list?

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Speaker 2: Okay?

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Speaker 4: So I feel like we've crunched the numbers and we

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Speaker 4: have faced what I believe are the cold hard facts,

384
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Speaker 4: but it's now time to switch gears a little bit more. Yes,

385
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Speaker 4: we're going to get reflective. No more shoot Mary kill.

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Speaker 4: We're not going to play that game. After all, money

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Speaker 4: isn't about mouths or guns. It's actually about how it

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Speaker 4: makes you feel. And spoiler those feelings, Yeah, they're probably

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Speaker 4: driving all the decisions that you make. Jess.

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Speaker 2: Oh, but you knew that already.

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Speaker 4: You've been on this show for long enough to know

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Speaker 4: that money is inherently emotional, right, Yeah, No, and I

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Speaker 4: think that reviewing the way that you feel about things

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Speaker 4: is probably a very great way to expose why you have.

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Speaker 3: Some of those habits that maybe you wish that you

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Speaker 3: did it exactly.

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Speaker 4: So let's go to a really quick break so that

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Speaker 4: we can prep for getting a little bit emotional. All right,

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Speaker 4: we are back, and as Jess and I promised, so

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Speaker 4: we are going to get a little bit reflective. We're

401
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Speaker 4: going to talk about our emotions because before we can

402
00:17:38,280 --> 00:17:41,359
Speaker 4: plan where we're going, you actually need to fully comprehend

403
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Speaker 4: where you've been.

404
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Speaker 2: Like it's confronting.

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Speaker 4: It can be hard understanding why you feel things about money,

406
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Speaker 4: or why you maybe don't feel like you've caught up

407
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Speaker 4: to your friends, or why you're so good at comparison

408
00:17:54,000 --> 00:17:56,240
Speaker 4: and just doesn't seem to be good at comparison, you know.

409
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Speaker 4: But like, reflection is so important because for me, it's

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Speaker 4: not about beating yourself up or like trying to point

411
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Speaker 4: things out about yourself that you know aren't so good,

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Speaker 4: because I don't want you to fall into a guilt spiral.

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Speaker 4: It's actually about awareness and creating consistent and very clear

414
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Speaker 4: awareness because real reflection is going to give you clarity,

415
00:18:19,040 --> 00:18:22,160
Speaker 4: clarity on so many things, so what you're currently doing,

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Speaker 4: what you actually want in.

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Speaker 2: Life, and what that's going to look like.

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Speaker 4: When you know what's worked and what hasn't, and how

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Speaker 4: you actually feel about your money, then you're in this

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Speaker 4: really powerful position to be more empowered and be more

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Speaker 4: intentional towards the decisions that you're making, and make decisions

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Speaker 4: that you're like, nah, this is absolutely what I want

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Speaker 4: to do, Like this is how I want to do it.

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Speaker 2: And like Jess, we know that you are in.

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Speaker 4: The market for buying a property at some point, but

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Speaker 4: like I can always guarantee you were not able to

427
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Speaker 4: save a house deposit without being really clear that that

428
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Speaker 4: was a goal that you wanted, without being really clear

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Speaker 4: about your budget and what you did and didn't want

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Speaker 4: to spend like you are probably one of the most

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Speaker 4: intentional spenders I know. But do you think that's because

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Speaker 4: of your values and like understanding them or do you

433
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Speaker 4: think you're just really good at money?

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Speaker 3: No, I think it's definitely Like I'm a very goal

435
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Speaker 3: oriented person, so it's when I have eyes on the price,

436
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Speaker 3: it's really simple for me to go, Okay, well, you know,

437
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Speaker 3: I can spend that fifty dollars a week or thirteen

438
00:19:20,680 --> 00:19:23,159
Speaker 3: hundred dollars over six months on Uber Eats, or I

439
00:19:23,320 --> 00:19:25,159
Speaker 3: can you know, have that money to put towards a

440
00:19:25,200 --> 00:19:27,159
Speaker 3: house deposit. And so for me, it's really easy to

441
00:19:27,359 --> 00:19:29,840
Speaker 3: separate that and having a good idea of where I'm

442
00:19:29,920 --> 00:19:33,520
Speaker 3: going is something that for me personally, I find really

443
00:19:33,680 --> 00:19:36,400
Speaker 3: drives those decisions and makes me stup and go, okay,

444
00:19:36,440 --> 00:19:37,720
Speaker 3: well would I rather X or Y?

445
00:19:37,960 --> 00:19:38,160
Speaker 2: Yeah?

446
00:19:38,280 --> 00:19:41,040
Speaker 4: And you're a fashion galie like you and I consistently

447
00:19:41,080 --> 00:19:43,480
Speaker 4: bond over fashion beauty, and I'm always like, oh, where's

448
00:19:43,520 --> 00:19:46,560
Speaker 4: that top from? Do you think that you've sacrificed a

449
00:19:46,680 --> 00:19:50,080
Speaker 4: lot about the lifestyle that you enjoy to get ours

450
00:19:50,119 --> 00:19:50,920
Speaker 4: to posit? Yeah?

451
00:19:50,960 --> 00:19:52,920
Speaker 3: I think there's also just ways to be smart like

452
00:19:53,040 --> 00:19:55,240
Speaker 3: I one in, one out is a big rule for me.

453
00:19:55,400 --> 00:19:57,520
Speaker 3: You know, I love to resell my clothing, whether it's

454
00:19:57,520 --> 00:19:59,560
Speaker 3: on deepop or whether it's at clothing racks. I think

455
00:19:59,600 --> 00:20:02,040
Speaker 3: there are often ways to find compromises to do the

456
00:20:02,119 --> 00:20:04,360
Speaker 3: things that you want, Like if you like going out

457
00:20:04,400 --> 00:20:06,200
Speaker 3: to dinner, can you use one of those apps to

458
00:20:06,320 --> 00:20:08,399
Speaker 3: do the fifty percent off dinners at an early or

459
00:20:08,480 --> 00:20:12,240
Speaker 3: late session. I think again, like knowing what's important, you

460
00:20:12,440 --> 00:20:16,000
Speaker 3: can normally find ways to still uphold them. Maybe it's

461
00:20:16,040 --> 00:20:18,040
Speaker 3: like a little bit less convenient, like I'm not wearing

462
00:20:18,280 --> 00:20:21,560
Speaker 3: the newest, latest style. I'm often because I'm shopping secondhand

463
00:20:21,680 --> 00:20:23,359
Speaker 3: or I'm waiting for it to go on sale.

464
00:20:23,680 --> 00:20:25,760
Speaker 4: Nobody would know, Jess, you look shic all the time.

465
00:20:25,840 --> 00:20:27,760
Speaker 4: Not one person has ever been like, oh, Jess, where's

466
00:20:27,840 --> 00:20:28,320
Speaker 4: last season?

467
00:20:29,080 --> 00:20:32,399
Speaker 3: And like anybody who cares. But I think it's sometimes

468
00:20:33,160 --> 00:20:36,000
Speaker 3: letting go of the culture of needing things immediately, Like

469
00:20:36,080 --> 00:20:37,840
Speaker 3: there's that thing of like you see something, oh, I

470
00:20:37,880 --> 00:20:39,720
Speaker 3: can click somebody's link and have it straight away and

471
00:20:39,800 --> 00:20:42,240
Speaker 3: it's at my house in two days. Getting rid of

472
00:20:42,320 --> 00:20:44,840
Speaker 3: the need for that and finding like alternate ways to

473
00:20:44,920 --> 00:20:48,800
Speaker 3: do things means you can still not have to sacrifice completely.

474
00:20:49,080 --> 00:20:51,080
Speaker 4: Yeah, And I think it's important because there are going

475
00:20:51,119 --> 00:20:52,959
Speaker 4: to be so many people listening to this who are like, oh,

476
00:20:53,080 --> 00:20:55,960
Speaker 4: it's Jess, Like we know she's on Friday episodes, but

477
00:20:56,160 --> 00:20:59,560
Speaker 4: like we're maybe new to the community, and when you

478
00:20:59,680 --> 00:21:02,520
Speaker 4: hear just talking about money, you're like, oh, so easy

479
00:21:02,640 --> 00:21:05,240
Speaker 4: for her, She's so good at it, Jess. When you

480
00:21:05,840 --> 00:21:08,560
Speaker 4: started at she's on the money, I believe you had

481
00:21:08,680 --> 00:21:10,680
Speaker 4: just gotten out of a whole heap of credit card

482
00:21:10,760 --> 00:21:14,800
Speaker 4: debt I had, So you kind of started from scratch,

483
00:21:15,280 --> 00:21:17,760
Speaker 4: like you weren't someone who was like, oh, I've just

484
00:21:17,840 --> 00:21:19,640
Speaker 4: always been kind of good at money. No, I don't

485
00:21:19,720 --> 00:21:21,840
Speaker 4: understand those people. Just for the record, like if you are,

486
00:21:21,920 --> 00:21:24,320
Speaker 4: I'm just envious, Like this is just my jealousy showing through.

487
00:21:24,960 --> 00:21:28,160
Speaker 4: I think it's important to also preface that you didn't

488
00:21:28,320 --> 00:21:30,520
Speaker 4: just always be good at money, right.

489
00:21:30,760 --> 00:21:33,000
Speaker 3: No, not at all. I listened to the show before

490
00:21:33,000 --> 00:21:35,320
Speaker 3: I were it here, and that was what taught me. Remember, yeah,

491
00:21:36,000 --> 00:21:39,960
Speaker 3: I'm an o G Season one girly and so I, yeah,

492
00:21:40,000 --> 00:21:41,320
Speaker 3: I had a lot of credit card debt. I think

493
00:21:41,359 --> 00:21:44,360
Speaker 3: at its peak, I had like eight thousand plus dollars.

494
00:21:44,160 --> 00:21:46,200
Speaker 2: That would have been so stressful across your credit cards.

495
00:21:46,200 --> 00:21:48,400
Speaker 3: And it was a lot, and you know, I paid

496
00:21:48,400 --> 00:21:50,680
Speaker 3: it all off and I used every dollar pretty much

497
00:21:50,720 --> 00:21:52,120
Speaker 3: that I had to pay it off. And I was like, okay,

498
00:21:52,160 --> 00:21:54,080
Speaker 3: well now I need to save an emergency fund and okay,

499
00:21:54,440 --> 00:21:55,400
Speaker 3: I can start saving a house.

500
00:21:55,640 --> 00:21:55,760
Speaker 4: Was it?

501
00:21:55,840 --> 00:21:58,160
Speaker 3: And it's been well, I'm this is my fifth year

502
00:21:58,240 --> 00:22:00,880
Speaker 3: here and in that time, I've got a six figure

503
00:22:00,880 --> 00:22:01,479
Speaker 3: house to possible.

504
00:22:01,600 --> 00:22:06,439
Speaker 2: Ah, that's so sexy. Yeah, and you've been on overseas trips.

505
00:22:06,520 --> 00:22:10,240
Speaker 4: You are always still spending on like fashion and enjoying life,

506
00:22:10,400 --> 00:22:12,760
Speaker 4: Like I swear you're at brunch every second weekend, but

507
00:22:13,200 --> 00:22:14,480
Speaker 4: I watch you on socials.

508
00:22:14,720 --> 00:22:16,720
Speaker 3: Yeah, I feel like I still live a life that

509
00:22:16,840 --> 00:22:19,040
Speaker 3: I'm really happy to you. And you know, I don't

510
00:22:19,160 --> 00:22:22,040
Speaker 3: feel like I'm overwhelmingly missing so proud of you.

511
00:22:22,280 --> 00:22:23,440
Speaker 2: That is so exciting.

512
00:22:23,560 --> 00:22:27,440
Speaker 4: But I think that when we aren't, you know, prioritizing things,

513
00:22:27,480 --> 00:22:29,159
Speaker 4: and we aren't clear on our goals and what we

514
00:22:29,240 --> 00:22:31,600
Speaker 4: want to achieve, and we don't have the tools that

515
00:22:31,720 --> 00:22:33,639
Speaker 4: we deserve to get out of it, we can often

516
00:22:33,760 --> 00:22:36,960
Speaker 4: fall into like sneaky little habits that like kind of

517
00:22:37,080 --> 00:22:39,760
Speaker 4: self sabotage ourselves. Like I remember when I was getting

518
00:22:39,800 --> 00:22:41,680
Speaker 4: out of debt. Like there would be periods of time

519
00:22:41,680 --> 00:22:43,440
Speaker 4: where I'm like, I'm so motivated, I'm going to smash

520
00:22:43,480 --> 00:22:44,040
Speaker 4: this out, and then.

521
00:22:44,000 --> 00:22:46,120
Speaker 2: I'd be like, why am I bothering?

522
00:22:46,359 --> 00:22:48,119
Speaker 4: Yeah, like pull more money on my credit card, and

523
00:22:48,200 --> 00:22:50,639
Speaker 4: it became like a little cycle that I then have

524
00:22:50,720 --> 00:22:53,120
Speaker 4: to break again, and like, you can't just pull yourself out.

525
00:22:53,160 --> 00:22:56,119
Speaker 4: But I think that if you're ignoring your bank balance

526
00:22:56,200 --> 00:22:57,520
Speaker 4: and you don't know how much is in there, or

527
00:22:57,560 --> 00:23:00,600
Speaker 4: you don't know exact debt numbers, or you you know,

528
00:23:00,720 --> 00:23:04,000
Speaker 4: you're not really sure when you're next after pay amount

529
00:23:04,160 --> 00:23:06,040
Speaker 4: is coming out, like pull your head out of the

530
00:23:06,160 --> 00:23:09,080
Speaker 4: sand and just know the numbers. Because knowledge is power.

531
00:23:09,200 --> 00:23:12,440
Speaker 4: Doesn't mean that you're immediately in a better position. It

532
00:23:12,560 --> 00:23:15,520
Speaker 4: doesn't mean that you're immediately able to get out of

533
00:23:15,600 --> 00:23:18,200
Speaker 4: that debt, which I mean we all wish, but it

534
00:23:18,320 --> 00:23:20,600
Speaker 4: does mean that you're better prepared for it and it's

535
00:23:20,640 --> 00:23:23,480
Speaker 4: not going to take you by surprise. I think that

536
00:23:23,600 --> 00:23:26,960
Speaker 4: self sabotage is a massive part of staying in debt

537
00:23:27,040 --> 00:23:28,760
Speaker 4: because we kind of just have our heads in the

538
00:23:28,840 --> 00:23:31,080
Speaker 4: sand and we're like, oh, like you know, you don't

539
00:23:31,119 --> 00:23:33,120
Speaker 4: get into eight thousand dollars worth of credit card debt

540
00:23:33,160 --> 00:23:35,080
Speaker 4: by getting into the first thousand and thinking, well.

541
00:23:35,000 --> 00:23:35,520
Speaker 2: That was fun.

542
00:23:35,560 --> 00:23:37,879
Speaker 4: I'd love some more debt, right, Yeah, you do it

543
00:23:38,000 --> 00:23:40,720
Speaker 4: because you're like, I'm just going to pretend it's not there,

544
00:23:40,840 --> 00:23:42,960
Speaker 4: and I know that I haven't maxed this out yet,

545
00:23:43,160 --> 00:23:44,919
Speaker 4: like you just keep rolling.

546
00:23:45,200 --> 00:23:46,960
Speaker 2: So I think it's really important.

547
00:23:46,600 --> 00:23:46,960
Speaker 4: To do that.

548
00:23:47,200 --> 00:23:49,080
Speaker 3: And six months is a really good amount of time,

549
00:23:49,119 --> 00:23:51,040
Speaker 3: I feel like to set yourself new goals, like it

550
00:23:51,160 --> 00:23:54,199
Speaker 3: feels sometimes thinking a year ahead can be overwhelming when

551
00:23:54,200 --> 00:23:56,760
Speaker 3: you're already in that mindset. So can you give us

552
00:23:57,200 --> 00:23:59,679
Speaker 3: some ideas what can we do and sit down right

553
00:23:59,720 --> 00:24:01,720
Speaker 3: now to prep for the next six months. In terms

554
00:24:01,720 --> 00:24:02,320
Speaker 3: of reflecting a.

555
00:24:02,320 --> 00:24:03,400
Speaker 2: Little bit, I've written a list.

556
00:24:03,640 --> 00:24:04,040
Speaker 3: I'll get it.

557
00:24:04,280 --> 00:24:07,240
Speaker 4: We're gonna journal where I love a list. I'm an

558
00:24:07,280 --> 00:24:10,400
Speaker 4: ADHD girly through and through. So my entire note section

559
00:24:10,640 --> 00:24:12,879
Speaker 4: is lists. Yeah doesn't mean I remember them, but I

560
00:24:12,920 --> 00:24:15,040
Speaker 4: have written another one for this episode. So we are

561
00:24:15,119 --> 00:24:17,159
Speaker 4: going to get a journal or maybe you like I

562
00:24:17,200 --> 00:24:19,520
Speaker 4: don't journal v We'll just take a quiet moment and

563
00:24:19,640 --> 00:24:20,879
Speaker 4: ask yourself these questions.

564
00:24:20,960 --> 00:24:25,000
Speaker 2: So the first is what were your three biggest money

565
00:24:25,080 --> 00:24:25,840
Speaker 2: wins this year?

566
00:24:25,960 --> 00:24:28,920
Speaker 4: Like, what were your three biggest financial wins big or

567
00:24:28,960 --> 00:24:32,480
Speaker 4: small doesn't have to like be something that other people

568
00:24:32,560 --> 00:24:34,639
Speaker 4: would look at, Like it can just be for you.

569
00:24:35,240 --> 00:24:38,960
Speaker 4: But like maybe you finally started prioritizing an emergency fund

570
00:24:39,040 --> 00:24:41,800
Speaker 4: and like maybe there's not heaps in there, but like

571
00:24:42,000 --> 00:24:45,520
Speaker 4: it exists. Maybe you negotiated a better salary or even

572
00:24:45,680 --> 00:24:47,760
Speaker 4: just survived without dipping into your savings.

573
00:24:48,000 --> 00:24:49,520
Speaker 2: Like wins are wins.

574
00:24:50,400 --> 00:24:53,480
Speaker 4: Then I want you to be real with yourself and ask, well,

575
00:24:53,560 --> 00:24:56,240
Speaker 4: what financial habit so over the last six months have

576
00:24:56,359 --> 00:24:58,639
Speaker 4: kind of slipped. We're all guilty of this, right, Like

577
00:24:58,720 --> 00:25:01,040
Speaker 4: we're all guilty, I would say, of a little bit

578
00:25:01,080 --> 00:25:05,240
Speaker 4: of convenience spending, a little bit of who cares? Like

579
00:25:05,640 --> 00:25:07,640
Speaker 4: this price is gone up, I'm not going to look

580
00:25:07,720 --> 00:25:10,520
Speaker 4: for a better deal. Like I want you to be honest.

581
00:25:10,880 --> 00:25:14,760
Speaker 4: Did your meal prepping did it disappear by February? Like

582
00:25:14,840 --> 00:25:16,520
Speaker 4: would be like I'm going to be a meal prepping queen.

583
00:25:16,560 --> 00:25:18,600
Speaker 4: I've watched all these meal prepping tiktoks and then all

584
00:25:18,640 --> 00:25:21,480
Speaker 4: of a sudden, you're like, meal prepping is not for me.

585
00:25:21,720 --> 00:25:23,560
Speaker 3: Bought all the containers Yarrell in the drawer?

586
00:25:24,080 --> 00:25:24,840
Speaker 2: Yep, did you go?

587
00:25:25,080 --> 00:25:27,680
Speaker 4: You know what I'm going to buy like only a

588
00:25:27,760 --> 00:25:29,720
Speaker 4: coffee out once we're I'm going to make it at home,

589
00:25:29,760 --> 00:25:31,080
Speaker 4: and then you're like, look at your wallet and you

590
00:25:31,200 --> 00:25:35,120
Speaker 4: have five different coffee loyalty cuts, Like, what's going on, babe,

591
00:25:35,160 --> 00:25:35,880
Speaker 4: what's happening there?

592
00:25:36,000 --> 00:25:37,119
Speaker 2: Like it's not about shame.

593
00:25:37,720 --> 00:25:39,200
Speaker 4: I think that we can look at these things and

594
00:25:39,320 --> 00:25:41,320
Speaker 4: be like, oh, this is just a pattern, like what's

595
00:25:41,400 --> 00:25:44,400
Speaker 4: going on here? More often than not, it's just convenience. Yeah,

596
00:25:44,440 --> 00:25:46,879
Speaker 4: And it's maybe something that you're like, I didn't realize

597
00:25:46,880 --> 00:25:48,639
Speaker 4: how much I valued that. I do want to make

598
00:25:48,720 --> 00:25:50,960
Speaker 4: a little bit more space in my budget so that

599
00:25:51,040 --> 00:25:53,280
Speaker 4: I can continue to enjoy that because like I tried

600
00:25:53,320 --> 00:25:55,920
Speaker 4: to cut it out, I don't want to or on

601
00:25:55,960 --> 00:25:58,080
Speaker 4: the flip side, you go, I really need to tighten

602
00:25:58,119 --> 00:26:00,119
Speaker 4: my belt, Like I really need to just not to

603
00:26:00,200 --> 00:26:03,240
Speaker 4: do that anymore. And then the big question, the last

604
00:26:03,320 --> 00:26:06,640
Speaker 4: question is how are you actually feeling about money right now?

605
00:26:07,240 --> 00:26:10,840
Speaker 4: Like I recorded an episode before this episode, and it

606
00:26:11,000 --> 00:26:13,600
Speaker 4: was like a solo episode because I just think that

607
00:26:14,160 --> 00:26:17,320
Speaker 4: life and money and life is just it's so heavy

608
00:26:17,480 --> 00:26:20,560
Speaker 4: right now. I feel like with everything going on economically

609
00:26:20,800 --> 00:26:24,280
Speaker 4: and then everything going on financially, like it feels like

610
00:26:24,440 --> 00:26:25,480
Speaker 4: life is expensive.

611
00:26:25,680 --> 00:26:26,719
Speaker 2: It doesn't matter who you are.

612
00:26:26,800 --> 00:26:30,200
Speaker 4: And I'm not saying that, Oh, Victoria feels like life's expensive,

613
00:26:30,480 --> 00:26:31,440
Speaker 4: Like how privileged?

614
00:26:31,480 --> 00:26:32,760
Speaker 2: What a twitt? It does?

615
00:26:32,880 --> 00:26:33,080
Speaker 3: Though?

616
00:26:33,320 --> 00:26:36,119
Speaker 4: Life was like and like every single time I go

617
00:26:36,200 --> 00:26:38,240
Speaker 4: to the supermarket, I find it a privilege that I

618
00:26:38,280 --> 00:26:40,639
Speaker 4: can afford to pay for my groceries. But I'm often

619
00:26:40,800 --> 00:26:43,040
Speaker 4: mind boggled at how much I'm spending, and I'm like.

620
00:26:43,680 --> 00:26:47,000
Speaker 2: What is this like? And I'm you know, yes, let's

621
00:26:47,040 --> 00:26:48,919
Speaker 2: be honest, I have the money, but.

622
00:26:49,000 --> 00:26:51,640
Speaker 4: That doesn't mean that I want to, you know, blow

623
00:26:51,720 --> 00:26:54,520
Speaker 4: the budgets that I've set for myself just purely because

624
00:26:54,560 --> 00:26:59,119
Speaker 4: I can. Yeah, Like I I'm often mind boggled at

625
00:26:59,200 --> 00:27:01,800
Speaker 4: how much things are and I just go, how do people.

626
00:27:01,920 --> 00:27:03,080
Speaker 2: Who aren't business owners?

627
00:27:03,200 --> 00:27:03,240
Speaker 4: Like?

628
00:27:03,600 --> 00:27:04,560
Speaker 2: How do we get by?

629
00:27:04,800 --> 00:27:06,680
Speaker 4: And my husband and I were talking about this the

630
00:27:06,720 --> 00:27:09,520
Speaker 4: other night, and I was like, Steve, I reckon that

631
00:27:09,720 --> 00:27:11,680
Speaker 4: one hundred thousand dollars, which used to be to me

632
00:27:12,000 --> 00:27:14,640
Speaker 4: like one day I'm going to earn one hundred grand

633
00:27:14,800 --> 00:27:16,800
Speaker 4: like that was like my when I was twenty one,

634
00:27:16,960 --> 00:27:19,520
Speaker 4: like that was my big dog goal. I reckon, one

635
00:27:19,600 --> 00:27:23,480
Speaker 4: hundred thousand is the new sixty thousand, like, and that

636
00:27:23,720 --> 00:27:27,280
Speaker 4: I think is pretty astronomical to say, but I would

637
00:27:27,320 --> 00:27:31,119
Speaker 4: say that, you know, ten years ago more sadly, when

638
00:27:31,160 --> 00:27:32,480
Speaker 4: I entered the workforce, it's more than that.

639
00:27:32,520 --> 00:27:34,200
Speaker 2: It was probably more than fifteen years.

640
00:27:34,080 --> 00:27:37,040
Speaker 4: Right, But when I officially enter the workforce, I remember,

641
00:27:37,200 --> 00:27:40,520
Speaker 4: sixty thousand dollar income was really cushy, Like it was

642
00:27:40,560 --> 00:27:42,560
Speaker 4: a good income. You could pay your rent, you could

643
00:27:42,640 --> 00:27:44,800
Speaker 4: save a bit, you could like still have a good

644
00:27:44,840 --> 00:27:48,399
Speaker 4: lifestyle if you're earning sixty thousand dollars now, like you

645
00:27:48,520 --> 00:27:51,280
Speaker 4: are budgeting, you are cutting things like I can alwayst

646
00:27:51,280 --> 00:27:53,400
Speaker 4: guarantee a lot of people in those situations, like well,

647
00:27:53,600 --> 00:27:55,480
Speaker 4: I just don't have the capacity to say for a

648
00:27:55,560 --> 00:27:57,960
Speaker 4: home right now. And I'm having these conversations every day,

649
00:27:57,960 --> 00:28:01,119
Speaker 4: and I just I don't want you to feel like

650
00:28:01,480 --> 00:28:04,479
Speaker 4: we are saying focus on your budget because you'll all

651
00:28:04,520 --> 00:28:06,359
Speaker 4: of a sudden be able to afford a house. Like

652
00:28:06,800 --> 00:28:09,560
Speaker 4: I just want you to know that life is hard

653
00:28:09,640 --> 00:28:12,840
Speaker 4: and life is heavy, and these things can be confronting.

654
00:28:13,280 --> 00:28:15,800
Speaker 4: But if we can talk about how money is actually

655
00:28:15,920 --> 00:28:18,080
Speaker 4: making you feel in this moment, even if it's good,

656
00:28:18,160 --> 00:28:21,320
Speaker 4: even if it's bad, Like I want to know, are

657
00:28:21,320 --> 00:28:23,640
Speaker 4: you feeling stressed, You're feeling empowered? Are we a little

658
00:28:23,640 --> 00:28:27,520
Speaker 4: bit avoidant? We motivated? Like there is genuinely no wrong

659
00:28:27,640 --> 00:28:30,520
Speaker 4: answer here, but it is a super powerful check in

660
00:28:30,640 --> 00:28:33,680
Speaker 4: to go, well, what can I do about that? Like

661
00:28:34,680 --> 00:28:37,960
Speaker 4: how you feel about money is going to drive the

662
00:28:38,080 --> 00:28:41,080
Speaker 4: decisions you make around money. Yeah, and if your head

663
00:28:41,200 --> 00:28:43,480
Speaker 4: is staying in the sand around you know, even your

664
00:28:43,520 --> 00:28:46,440
Speaker 4: budget or your credit card, I can promise you that

665
00:28:46,600 --> 00:28:49,560
Speaker 4: that is impacting your ability to increase your income because

666
00:28:49,560 --> 00:28:51,680
Speaker 4: we're not talking about money, Like we need to be

667
00:28:51,760 --> 00:28:54,400
Speaker 4: consistently talking about money. We need to be having these

668
00:28:54,520 --> 00:28:59,320
Speaker 4: open conversations because you cannot fix what you aren't acknowledging

669
00:29:00,080 --> 00:29:02,200
Speaker 4: honestly having this conversation. And I mean I'm having a

670
00:29:02,280 --> 00:29:06,040
Speaker 4: conversation just with you and our community who listen to

671
00:29:06,120 --> 00:29:08,040
Speaker 4: money podcasts. I think they're a little bit ahead of

672
00:29:08,080 --> 00:29:10,800
Speaker 4: the game the most people, right, Yeah, but like you

673
00:29:10,920 --> 00:29:14,160
Speaker 4: might actually surprise yourself with just how far you've come,

674
00:29:14,360 --> 00:29:16,760
Speaker 4: because I think if you ask me that question, Jess,

675
00:29:17,480 --> 00:29:20,840
Speaker 4: like money, it still makes me anxious in a way,

676
00:29:21,040 --> 00:29:23,040
Speaker 4: Like I still get a little bit of anxiety checking

677
00:29:23,080 --> 00:29:25,800
Speaker 4: my bank account, and I think that's just because, like

678
00:29:25,920 --> 00:29:27,920
Speaker 4: I know there's gonna be money in there. But like

679
00:29:28,480 --> 00:29:32,959
Speaker 4: even business banking accounts, Like I'm consistently over analyzing, well,

680
00:29:33,000 --> 00:29:35,720
Speaker 4: what's in there, what's coming out? What's payroll got to do?

681
00:29:35,960 --> 00:29:37,440
Speaker 4: Like what overheads are we paying?

682
00:29:37,480 --> 00:29:39,160
Speaker 2: What's rent? Like, when's that coming out?

683
00:29:39,200 --> 00:29:42,400
Speaker 4: And I know that these are like, oh whatever, Victorialy's

684
00:29:42,440 --> 00:29:44,840
Speaker 4: problems aren't that big in hindsight, but like, we all

685
00:29:45,000 --> 00:29:47,040
Speaker 4: do that, and I think it's so important for you

686
00:29:47,120 --> 00:29:50,360
Speaker 4: to understand that. You know, I think because I know

687
00:29:50,560 --> 00:29:52,800
Speaker 4: that lots of people put me on a financial pedestal.

688
00:29:52,840 --> 00:29:56,080
Speaker 4: You go, she's good at money. Yeah, but that doesn't

689
00:29:56,080 --> 00:29:58,040
Speaker 4: mean I'm not a little bit anxious. Like that doesn't

690
00:29:58,080 --> 00:29:59,680
Speaker 4: mean I'm not a little bit like ooh, like I

691
00:29:59,720 --> 00:30:01,880
Speaker 4: don't like that. That doesn't mean that every time I

692
00:30:02,080 --> 00:30:04,800
Speaker 4: log into my shared trading accountant is down, I'm like whatever,

693
00:30:04,880 --> 00:30:08,120
Speaker 4: I fully understand the markets. Yeah, I hate seeing that

694
00:30:09,000 --> 00:30:12,240
Speaker 4: no one likes red cool red. What would you say

695
00:30:12,240 --> 00:30:15,040
Speaker 4: if I ask you that question? Yeah, I think more

696
00:30:15,160 --> 00:30:16,480
Speaker 4: than ever, I'm the same.

697
00:30:16,600 --> 00:30:22,719
Speaker 3: I do find money overwhelmingly stressful lately, and I'm finding

698
00:30:22,800 --> 00:30:25,240
Speaker 3: more and more, Like I've said before, like I'm very

699
00:30:25,280 --> 00:30:27,120
Speaker 3: happy to cut things from my budget. I know that

700
00:30:27,400 --> 00:30:30,160
Speaker 3: I definitely have luxuries that I can fork out if

701
00:30:30,200 --> 00:30:33,360
Speaker 3: I need to, but it's getting harder.

702
00:30:33,040 --> 00:30:36,240
Speaker 2: To trim the fat without feeling like you're missing out.

703
00:30:36,480 --> 00:30:38,640
Speaker 3: Yeah, one hundred percent. You know, we've had to increase

704
00:30:38,680 --> 00:30:41,920
Speaker 3: our grocery budget by almost one hundred dollars a month,

705
00:30:42,000 --> 00:30:44,200
Speaker 3: and it's like it doesn't sound like a crazy amount

706
00:30:44,240 --> 00:30:47,480
Speaker 3: of money, but you really feel it, Like, you know,

707
00:30:47,600 --> 00:30:50,200
Speaker 3: we are way more conscious of how much heating we're

708
00:30:50,280 --> 00:30:53,440
Speaker 3: using in the house. Like I find myself, I did

709
00:30:53,520 --> 00:30:55,240
Speaker 3: that thing that what is it? I didn't do it

710
00:30:55,320 --> 00:30:57,280
Speaker 3: with tampons, but it's this example that I've seen on

711
00:30:57,320 --> 00:30:59,520
Speaker 3: social media where they say the first thing women always

712
00:30:59,520 --> 00:31:02,200
Speaker 3: put back is tampons, which wasn't the example for me,

713
00:31:02,280 --> 00:31:04,760
Speaker 3: but really at the shops and we were over what

714
00:31:04,880 --> 00:31:06,680
Speaker 3: we had planned to spend by quite a lot, I

715
00:31:06,840 --> 00:31:08,560
Speaker 3: was doing the shop and so I just put back

716
00:31:08,640 --> 00:31:10,320
Speaker 3: like a couple of the snacks that I'd picked up

717
00:31:10,320 --> 00:31:11,680
Speaker 3: because I was like, I don't need you know, the

718
00:31:11,720 --> 00:31:14,040
Speaker 3: bags of chips whatever, Like it's fine, Like I'm not,

719
00:31:14,400 --> 00:31:17,840
Speaker 3: you know, going hungry. It's nobody's stress. But I was like, well,

720
00:31:17,880 --> 00:31:20,400
Speaker 3: I can't pay for that because as soon as you start,

721
00:31:21,000 --> 00:31:22,920
Speaker 3: you know, if every week I go over and over

722
00:31:22,960 --> 00:31:24,880
Speaker 3: and over all of a sudden, there's not enough money there,

723
00:31:25,360 --> 00:31:27,520
Speaker 3: and like, I found that quite stressful. And it's not

724
00:31:27,600 --> 00:31:29,720
Speaker 3: because I can't afford back of chips, obviously I can,

725
00:31:29,920 --> 00:31:32,560
Speaker 3: but it was that, oh my gosh, like we've gotten

726
00:31:32,600 --> 00:31:35,280
Speaker 3: to a point where I'm even having to trim such

727
00:31:35,320 --> 00:31:38,400
Speaker 3: a small feeling luxury and of course I can like

728
00:31:38,520 --> 00:31:40,560
Speaker 3: I don't need it with as I said, no, got it,

729
00:31:40,680 --> 00:31:41,320
Speaker 3: Like I.

730
00:31:41,320 --> 00:31:44,200
Speaker 4: Want to stress, like I'm still meeting your savings goals

731
00:31:44,240 --> 00:31:46,960
Speaker 4: and whatnot, and just as someone that's like really prioritizing that.

732
00:31:47,200 --> 00:31:50,080
Speaker 3: But it's not a nice feeling. No, it's really confronting,

733
00:31:50,240 --> 00:31:52,560
Speaker 3: and it's really hard because you know, I work a

734
00:31:52,600 --> 00:31:55,480
Speaker 3: second job or I have a side hustle, Like I feel,

735
00:31:56,080 --> 00:31:58,040
Speaker 3: as you said, like I'm quite good with money, and

736
00:31:58,120 --> 00:32:00,600
Speaker 3: it's crazy to me that I go, I feel like

737
00:32:00,640 --> 00:32:03,040
Speaker 3: I'm very on top of it, and even then it's

738
00:32:03,160 --> 00:32:07,120
Speaker 3: still sometimes just so hard. Yeah, And I'm sure that

739
00:32:07,200 --> 00:32:09,200
Speaker 3: I'm probably not the only person feeling that way.

740
00:32:09,400 --> 00:32:11,720
Speaker 2: Yeah, And I feel like that's.

741
00:32:11,600 --> 00:32:14,120
Speaker 4: A good conversation to be having with the community, because

742
00:32:14,120 --> 00:32:16,160
Speaker 4: I think that they often look at us and our

743
00:32:16,200 --> 00:32:19,040
Speaker 4: team and go, oh, they're fine. I'm like you're right,

744
00:32:19,360 --> 00:32:22,840
Speaker 4: but like, I think money is inherently stressful and just

745
00:32:23,000 --> 00:32:26,160
Speaker 4: because you have more of it than somebody else, yes,

746
00:32:26,240 --> 00:32:27,800
Speaker 4: you could go, oh, we you so much more privilege.

747
00:32:27,840 --> 00:32:28,640
Speaker 2: Yeah, I acknowledge that.

748
00:32:28,720 --> 00:32:31,600
Speaker 4: I fully understand that, But that doesn't mean it's not stressful,

749
00:32:31,920 --> 00:32:34,840
Speaker 4: especially if you have that history of trauma where you

750
00:32:35,160 --> 00:32:38,360
Speaker 4: haven't had enough or you have gone through significant debt

751
00:32:38,400 --> 00:32:40,320
Speaker 4: and you just go, I don't know, it feels like

752
00:32:40,360 --> 00:32:42,160
Speaker 4: a slippery slope where you're like, I just don't want

753
00:32:42,200 --> 00:32:44,280
Speaker 4: to go back there, And like it's like the small

754
00:32:44,320 --> 00:32:46,960
Speaker 4: things like the chips, where you're like, that's the decisions

755
00:32:47,000 --> 00:32:49,200
Speaker 4: I used to make, and you know, you extrapolate that

756
00:32:49,320 --> 00:32:50,680
Speaker 4: in your head and you go, well, that's how I

757
00:32:50,720 --> 00:32:52,640
Speaker 4: got there the first time, and you just get a

758
00:32:52,680 --> 00:32:55,760
Speaker 4: little bit stressed about the idea that maybe you're slipping

759
00:32:55,920 --> 00:32:58,040
Speaker 4: when it's not the reality of the case. I think

760
00:32:58,040 --> 00:33:00,760
Speaker 4: that's human psychology, right, And like also want you to

761
00:33:00,920 --> 00:33:03,600
Speaker 4: take how you're feeling about money now, like back to

762
00:33:03,680 --> 00:33:05,640
Speaker 4: the community I suppose, and you can do this too

763
00:33:05,720 --> 00:33:08,560
Speaker 4: right now, Jess, and think about, well, how do you

764
00:33:08,640 --> 00:33:10,840
Speaker 4: actually want to feel next year, like or at the

765
00:33:11,120 --> 00:33:13,400
Speaker 4: end of this year, like what's that going to look like,

766
00:33:13,640 --> 00:33:16,560
Speaker 4: So to do that, ask yourself what's going to have

767
00:33:16,600 --> 00:33:18,800
Speaker 4: the biggest impact on your life to get you there,

768
00:33:19,240 --> 00:33:22,760
Speaker 4: and like not what looks impressive or what you think

769
00:33:22,840 --> 00:33:25,120
Speaker 4: you should be doing, but like what actually is going

770
00:33:25,160 --> 00:33:27,320
Speaker 4: to make things feel easier and less stressful or more

771
00:33:27,360 --> 00:33:29,880
Speaker 4: exciting for the next six months, Because like the bag

772
00:33:29,920 --> 00:33:32,560
Speaker 4: of Chip's example is a good one, but like those

773
00:33:32,640 --> 00:33:36,120
Speaker 4: small steps over a month or over a week, Like

774
00:33:36,240 --> 00:33:38,840
Speaker 4: back to that fifty dollars a week example is thirteen

775
00:33:38,920 --> 00:33:41,880
Speaker 4: hundred dollars in six months, Like that becomes a lot.

776
00:33:42,600 --> 00:33:45,000
Speaker 4: Like that's return flights to Bali at the moment. Yeah,

777
00:33:45,440 --> 00:33:47,880
Speaker 4: Like if you want to go to Bali, like save

778
00:33:47,960 --> 00:33:49,760
Speaker 4: free year, you've got the flights in the first six

779
00:33:49,840 --> 00:33:52,720
Speaker 4: months and second six months. That's your accommodation, you know

780
00:33:52,760 --> 00:33:54,280
Speaker 4: what I mean? Like there are small things and I'm

781
00:33:54,320 --> 00:33:57,360
Speaker 4: not saying that that's exactly what we all should be doing,

782
00:33:57,920 --> 00:34:00,680
Speaker 4: but like I feel like it might be you not

783
00:34:00,800 --> 00:34:03,720
Speaker 4: going on a holiday to Bali, but like finally clearing

784
00:34:03,760 --> 00:34:05,880
Speaker 4: off that lingering debt, Like maybe you've always just like

785
00:34:06,040 --> 00:34:08,080
Speaker 4: had a rolling after pay debt and you're like, do

786
00:34:08,080 --> 00:34:10,200
Speaker 4: you know what enough is enough? I am done with this,

787
00:34:10,480 --> 00:34:12,040
Speaker 4: Like I'm going to get rid of that because it's

788
00:34:12,080 --> 00:34:13,880
Speaker 4: been hanging over my head. Or it might be like

789
00:34:14,680 --> 00:34:16,960
Speaker 4: you want to be more prepared for Christmas, and you

790
00:34:17,080 --> 00:34:19,080
Speaker 4: just heard our fifty dollars a week example, and you're like,

791
00:34:19,160 --> 00:34:20,680
Speaker 4: thirteen hundred bucks by Christmas.

792
00:34:20,880 --> 00:34:22,240
Speaker 2: Christmas is coming to Christmas.

793
00:34:22,320 --> 00:34:26,400
Speaker 4: It's like it's tomorrow basically at this point, and you

794
00:34:26,520 --> 00:34:29,279
Speaker 4: could set up an automatic transfer of fifty bucks every

795
00:34:29,280 --> 00:34:31,279
Speaker 4: single week into a separate account and Christmas time, you're

796
00:34:31,320 --> 00:34:33,040
Speaker 4: going to be thirteen hundred dollars better off.

797
00:34:33,640 --> 00:34:34,359
Speaker 2: That's a good deal.

798
00:34:34,440 --> 00:34:38,040
Speaker 4: And I am already foreseeing that this coming Christmas is

799
00:34:38,120 --> 00:34:40,839
Speaker 4: going to be incredibly stressful. Yeah, so like let's take

800
00:34:40,880 --> 00:34:43,400
Speaker 4: that stress off ourselves. Or even if you're like, you know,

801
00:34:43,800 --> 00:34:46,520
Speaker 4: different situation again, you're like, do you know what, I

802
00:34:46,680 --> 00:34:49,400
Speaker 4: really want to put a cleaner into the budget, Like

803
00:34:49,600 --> 00:34:52,879
Speaker 4: I just think my mental capacity needs that. I want

804
00:34:52,960 --> 00:34:55,080
Speaker 4: my Saturdays back, I want to spend more time with

805
00:34:55,200 --> 00:34:58,440
Speaker 4: my family, Like I think putting that into the budget

806
00:34:58,520 --> 00:35:01,000
Speaker 4: is going to create the life I want to live. So, like,

807
00:35:01,080 --> 00:35:03,120
Speaker 4: there's going to be lots of different examples here.

808
00:35:03,239 --> 00:35:06,320
Speaker 3: Yeah, definitely, So once we've identified what that thing is,

809
00:35:06,400 --> 00:35:08,279
Speaker 3: it's going to have the positive impact. We've made that

810
00:35:08,360 --> 00:35:10,200
Speaker 3: our new goal for the next six months.

811
00:35:10,320 --> 00:35:11,239
Speaker 2: Yeah, what are we going to do?

812
00:35:11,480 --> 00:35:15,440
Speaker 4: So I spoke recently on someone Else's podcast actually about

813
00:35:15,520 --> 00:35:21,120
Speaker 4: how adding friction actually helps break bad habits, but when

814
00:35:21,160 --> 00:35:24,840
Speaker 4: it comes to financial goals, it's actually the opposite. We

815
00:35:25,000 --> 00:35:28,040
Speaker 4: want to make it as easy as humanly possible to succeed,

816
00:35:28,480 --> 00:35:30,080
Speaker 4: and you know what, the easiest way to do that

817
00:35:30,840 --> 00:35:34,200
Speaker 4: just automate it. Like if I set up fifty dollars

818
00:35:34,320 --> 00:35:36,000
Speaker 4: going out of your account every single.

819
00:35:35,800 --> 00:35:38,879
Speaker 2: Week, like you might go, oh, yeah, v I might

820
00:35:39,000 --> 00:35:39,320
Speaker 2: need that.

821
00:35:39,640 --> 00:35:41,800
Speaker 4: I can almost guarantee when you look at your account

822
00:35:41,840 --> 00:35:43,399
Speaker 4: and that fifty bucks isn't there, you go, oh, well,

823
00:35:43,400 --> 00:35:46,160
Speaker 4: I don't have the money on X like out of sight,

824
00:35:46,280 --> 00:35:49,960
Speaker 4: out of mind. The best way to create success is

825
00:35:50,080 --> 00:35:52,960
Speaker 4: automation because then, you know what, it's quite manual. If

826
00:35:52,960 --> 00:35:54,960
Speaker 4: you're like, oh, actually I need that fifty dollars back,

827
00:35:54,960 --> 00:35:57,160
Speaker 4: I'm going to have to log in and transfer it across.

828
00:35:57,480 --> 00:35:59,480
Speaker 4: You might even convince yourself it's not worth it that

829
00:35:59,600 --> 00:36:02,040
Speaker 4: that point, and that that's going to give us that

830
00:36:02,160 --> 00:36:04,600
Speaker 4: extra thirteen hundred dollars at the end of the month.

831
00:36:05,000 --> 00:36:07,440
Speaker 4: So I think if you want to be more prepared

832
00:36:07,480 --> 00:36:10,560
Speaker 4: for Christmas, which seems to be my example this episode, Like,

833
00:36:10,800 --> 00:36:14,200
Speaker 4: don't just hope that you're going to have money set aside,

834
00:36:14,320 --> 00:36:15,920
Speaker 4: or like you're going to get a good tax return.

835
00:36:16,560 --> 00:36:18,560
Speaker 4: I want you to set up a direct debit fifty

836
00:36:18,600 --> 00:36:20,640
Speaker 4: bucks a week or forty dollars a week into a

837
00:36:20,719 --> 00:36:23,279
Speaker 4: separate account, because even forty bucks a week, what's that

838
00:36:23,640 --> 00:36:26,440
Speaker 4: one thousand dollars by Christmas that you didn't have when

839
00:36:26,520 --> 00:36:29,839
Speaker 4: you started last year. Yeah, like without having to rely

840
00:36:29,960 --> 00:36:32,440
Speaker 4: on willpower as well, Jess, incredible.

841
00:36:32,120 --> 00:36:33,520
Speaker 3: It sounds amazing, and I love it when you do

842
00:36:33,680 --> 00:36:36,879
Speaker 3: realize that it doesn't necessarily need to be complicated. Having

843
00:36:36,920 --> 00:36:39,759
Speaker 3: a few of those smart, simple little systems that a

844
00:36:39,800 --> 00:36:42,000
Speaker 3: lot of apps and platforms now have for us to

845
00:36:42,239 --> 00:36:43,879
Speaker 3: use means that you can do a bit of prep

846
00:36:43,960 --> 00:36:46,000
Speaker 3: now and you can take the mental load off for

847
00:36:46,120 --> 00:36:46,719
Speaker 3: the whole rest of.

848
00:36:46,719 --> 00:36:47,520
Speaker 2: The year exactly.

849
00:36:47,640 --> 00:36:49,759
Speaker 4: And before we finish up, because I know we're coming

850
00:36:49,800 --> 00:36:51,600
Speaker 4: to the end of this episode, because I've been yapping

851
00:36:51,680 --> 00:36:54,279
Speaker 4: for a while, I want to bring it back. I

852
00:36:54,360 --> 00:36:57,520
Speaker 4: guess to that big question we asked earlier, and that's

853
00:36:58,080 --> 00:37:00,080
Speaker 4: how you actually want to feel about money by the

854
00:37:00,160 --> 00:37:00,640
Speaker 4: end of the year.

855
00:37:01,000 --> 00:37:02,640
Speaker 2: Do you want to be calm? Do you want to

856
00:37:02,680 --> 00:37:03,960
Speaker 2: be collected? Do you want to be stressed?

857
00:37:04,160 --> 00:37:04,200
Speaker 4: No?

858
00:37:04,520 --> 00:37:06,000
Speaker 2: Do you want to be confident? Do you want to

859
00:37:06,040 --> 00:37:06,520
Speaker 2: be proud?

860
00:37:07,200 --> 00:37:09,840
Speaker 4: Like, take that feeling and really hold on to it,

861
00:37:09,920 --> 00:37:12,560
Speaker 4: because every single financial decision that you are going to

862
00:37:12,640 --> 00:37:15,960
Speaker 4: make from here, whether it's automating a savings transfer or

863
00:37:16,080 --> 00:37:19,560
Speaker 4: just like saying no to something that genuinely doesn't serve you,

864
00:37:20,280 --> 00:37:24,360
Speaker 4: that feeling should be like your little guiding star. Like, remember,

865
00:37:24,440 --> 00:37:27,600
Speaker 4: I want to feel this way because I said this

866
00:37:27,719 --> 00:37:30,560
Speaker 4: on another podcast that I recorded. I think it goes

867
00:37:30,600 --> 00:37:34,360
Speaker 4: out the week before this episode, right, I was like motivation,

868
00:37:34,600 --> 00:37:36,719
Speaker 4: Like it doesn't find you. You don't just wake up

869
00:37:36,760 --> 00:37:39,839
Speaker 4: one day motivated, Like you create motivation, like one little

870
00:37:39,880 --> 00:37:42,920
Speaker 4: step at a time, one foot in front of the other,

871
00:37:43,200 --> 00:37:46,480
Speaker 4: like choice by choice, Like you create your own motivation,

872
00:37:46,760 --> 00:37:48,960
Speaker 4: like I think so many of us go, I'll do

873
00:37:49,040 --> 00:37:50,120
Speaker 4: it when I'm more motivated.

874
00:37:50,400 --> 00:37:52,800
Speaker 2: That's not coming. I'm sorry. You actually just have to

875
00:37:52,840 --> 00:37:55,840
Speaker 2: create it yourself. Just start, just start, just do it.

876
00:37:55,920 --> 00:37:58,640
Speaker 3: As nice he likes to say, I remember, six months

877
00:37:58,719 --> 00:38:02,080
Speaker 3: is plenty of time to turn around. Imagine closing out

878
00:38:02,120 --> 00:38:05,600
Speaker 3: the year feeling like you're completely back in control exact

879
00:38:05,640 --> 00:38:07,920
Speaker 3: fiction that Let that be the thing that gives you

880
00:38:08,000 --> 00:38:11,120
Speaker 3: that motivation. And if you loved this episode, make sure

881
00:38:11,200 --> 00:38:13,960
Speaker 3: that you follow wherever you're listening. Share it maybe with

882
00:38:14,080 --> 00:38:16,759
Speaker 3: someone who think could use a little mid year money motivations.

883
00:38:16,920 --> 00:38:18,360
Speaker 4: Maybe ask them, do you want to be in my

884
00:38:18,360 --> 00:38:21,439
Speaker 4: accountability partner? Like if we both do this, we'll both

885
00:38:21,520 --> 00:38:24,000
Speaker 4: be in a better position in six months. That's kind

886
00:38:24,040 --> 00:38:26,920
Speaker 4: of cute too. And if you like this episode, please

887
00:38:27,000 --> 00:38:29,640
Speaker 4: don't forget to like and subscribe and follow us on

888
00:38:29,800 --> 00:38:32,480
Speaker 4: whatever your app calls it. It really does help us

889
00:38:32,600 --> 00:38:35,120
Speaker 4: bring you more of the content that you love. And

890
00:38:35,239 --> 00:38:36,600
Speaker 4: we'll see you guys on Friday.

891
00:38:36,719 --> 00:38:44,480
Speaker 3: Bie did buy shared on.

892
00:38:44,640 --> 00:38:47,000
Speaker 5: She's on the Money is general in nature and does

893
00:38:47,120 --> 00:38:48,160
Speaker 5: not consider.

894
00:38:47,800 --> 00:38:49,280
Speaker 2: Your individual circumstances.

895
00:38:49,680 --> 00:38:53,080
Speaker 5: She's on the Money exists purely for educational purposes and

896
00:38:53,160 --> 00:38:55,560
Speaker 5: should not be relied upon to make an investment or

897
00:38:55,640 --> 00:38:59,200
Speaker 5: financial decision. If you do choose to buy a financial product,

898
00:38:59,320 --> 00:39:02,800
Speaker 5: read the PDA S TMD and obtain appropriate financial advice

899
00:39:02,920 --> 00:39:06,440
Speaker 5: tailored towards your needs. Victoria Divine and Sheese on the

900
00:39:06,520 --> 00:39:09,000
Speaker 5: Money are authorized representatives of Money.

901
00:39:09,040 --> 00:39:10,640
Speaker 2: Sheper p t Y lt D.

902
00:39:10,880 --> 00:39:13,279
Speaker 5: A b N three two one is six four nine

903
00:39:13,440 --> 00:39:16,359
Speaker 5: two seven seven zero eight A F s L four

904
00:39:16,480 --> 00:39:17,919
Speaker 5: five one two eight nine