Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
Speaker 1: the Order KERNI Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money. She's on
Speaker 2: the Money. Hello and welcome. She's on the Money, the
Speaker 2: podcast for millennials who want financial freedom. Today, my friends,
Speaker 2: it is Friday again, which means it is time to
Speaker 2: get my little team together and celebrate you our incredible
Speaker 2: She's on the Money community Today is just Grich is
Speaker 2: going to be sharing our favorite money wins from the community.
Speaker 2: Miss beck say Ede she's got a few broke tips
Speaker 2: I per sleeve that she's gonna share. We're going to
Speaker 2: be helping to answer a juicy money dilemma, which this
Speaker 2: week is all about why you should invest, and we're
Speaker 2: going to unpack something that you slim into our DMS
Speaker 2: about this week. We're talking about owing money to your friends.
Speaker 2: So before we get there, I want to know how
Speaker 2: your weeks have been. Mister Scricci. We threw you straight
Speaker 2: under the bus last Friday because you had your wisdom
Speaker 2: teeth out. I know I missed your guys. Are you better?
Speaker 2: How did it go? I'm good.
Speaker 3: Doctor Chris was very kind, very good to me, because
Speaker 3: I think we've said before on the show, I'm a
Speaker 3: little baby when it comes to going.
Speaker 2: To the dentist. So it was just a baby. I'm
Speaker 2: just a baby.
Speaker 3: I was very afraid, but he was so good and
Speaker 3: so it went better than I expected, which was lovely.
Speaker 2: They gave me, I'm not surprised.
Speaker 3: Lots and lots and lots of nubbing, but lots of
Speaker 3: did you go home just drooling pretty much? I had
Speaker 3: my partner come get me because I was worried or
Speaker 3: he like drove me there and took me home because
Speaker 3: I was worried that I would be like a little bit,
Speaker 3: a little bit stressy, a little bit out of it.
Speaker 3: And so I was sitting there and I just they
Speaker 3: gave me gauze to like staunch the blood or whatever,
Speaker 3: and so I was just like dropping bloody gauze and
Speaker 3: because I was so like out of it in the moment,
Speaker 3: I forgot. And obviously when we got home, I just
Speaker 3: like got out of the car and went to bed,
Speaker 3: and then he drove his friend. His friend went to
Speaker 3: the gym that night, and he drove his friend and
Speaker 3: he was like, did you did you maybe leave something
Speaker 3: in my car?
Speaker 2: And I was like in bed.
Speaker 3: Like like he sat and nearly sat on a pile
Speaker 3: of just bloody dishuices.
Speaker 4: Yeah, his friend would have been like, did you kill literally?
Speaker 2: So what happened? You been doing? But you're recovering well,
Speaker 2: feeling really good? Chatty Kathy back and ready to go.
Speaker 4: I love to see big perfect miss excited. How has
Speaker 4: your week been. It's been a roller coaster. I've gotta
Speaker 4: be honest.
Speaker 2: Why roller coaster?
Speaker 4: Well, okay, so as everyone knows, I've been redone and
Speaker 4: blah blah blah, like seven years ago.
Speaker 2: But anyway, it was like not even seven weeks ago,
Speaker 2: but okay.
Speaker 4: And as also as everyone knows, I'm not the best
Speaker 4: of money, and I kind of just like had a
Speaker 4: bad a really bad day the other day where I
Speaker 4: was like, oh my god, I have no money and
Speaker 4: I was kind of like, you know, I was stuck
Speaker 4: in Southierra because I couldn't afford petrol to get home,
Speaker 4: and it was a whole thing. But anyway, I I
Speaker 4: wouldn't like trauma dump on it, No trauma.
Speaker 2: Dumb, because I feel like lots of people are gonna
Speaker 2: go relatable.
Speaker 4: Okay, good, I would hope. So that's the only reason
Speaker 4: I'm kind of saying. It's like, oh, I'm sure there's
Speaker 4: someone out there that's kind of been in this position,
Speaker 4: and but my mom helped me out, and like, you know,
Speaker 4: it was all good. I was like, oh my god,
Speaker 4: I'm thirty thirty one and I'm calling my mom.
Speaker 2: Crying and I'm I don't know what to do.
Speaker 4: But it's all been up from there, and I've just
Speaker 4: had a really good week just with friends, just doing
Speaker 4: like really cute, wholesome things and just doing things that
Speaker 4: like don't cost any money and that you know, it's
Speaker 4: it's been. It's actually been really nice, trying to find
Speaker 4: waste have fun without spending anything.
Speaker 3: Did you see the Southern Lights? I feel like that
Speaker 3: would have been right up your alley over again, so
Speaker 3: up my alley jest. But I didn't realize it was
Speaker 3: happening until after it happened me either.
Speaker 2: No one called me, and then all my friends text me,
Speaker 2: Oh my god, look at this picture I took. And
Speaker 2: I was like, I'm so jealous.
Speaker 4: Yeah, but the good thing is I don't think you
Speaker 4: could have seen it with your human eye.
Speaker 3: Yeah, it was like James ragensy could see like a
Speaker 3: little tinge of color, but you couldn't see anything like
Speaker 3: how you could in photos.
Speaker 2: So we were on the peninsula. I didn't I was there,
Speaker 2: I could have had the opportunity to do so. But
Speaker 2: my parents saw it and said it was beautiful and
Speaker 2: really really cool because that's something that my mum had
Speaker 2: always wanted to see, so that was really cool. I'm
Speaker 2: glad she got to see that. But then also my
Speaker 2: best friend lives in Tasmania and she sent me I'll
Speaker 2: show you after the coolest photo of the sky and
Speaker 2: I was like, that can't be real, and she was like, yeah,
Speaker 2: over Hobart like they were out near the airport. Apparently
Speaker 2: it was elite and very very visible, but again there's
Speaker 2: not a lot of light pollution in Tasmania, so you know,
Speaker 2: you guys live quite close to the city, so I'm
Speaker 2: not surprised we couldn't see it.
Speaker 3: It was as good. Yeah, oh that's so cool. We're
Speaker 3: all just gonna have to go to Iceland and see
Speaker 3: the norm of.
Speaker 2: All right, absolutely rude, not too so let's do that.
Speaker 2: I'm sho oh thanks, you see really good. I have
Speaker 2: my very first Mother's Day, honestly, very exciting, but also
Speaker 2: kind of weird because I don't identify with being a
Speaker 2: mother yet. Yes, like I am, but I also feel
Speaker 2: like a teenage parent, Like I'm thirty two and I've
Speaker 2: heard my first teenage pregnancy and I'm not equipped for this.
Speaker 2: So when people were like, happy Mother's Day, I was
Speaker 2: like a baby, just a baby myself. Yeah, so that
Speaker 2: was really fun. Got to spend it with my mom.
Speaker 2: We went out for some all you can eat Japanese
Speaker 2: which was amazing. Get this, Jess Beceruy knows because Becky,
Speaker 2: we've both been to this place. Thirty nine dollars or
Speaker 2: you can eat thirty nine money money. I would take
Speaker 2: you next time. Unlimited tempure vegetables. Oh it's really good food, delicious, amazing,
Speaker 2: all right, let's get into the show because I'm really excited.
Speaker 2: I have been trolling through the Facebook group this week,
Speaker 2: just like reading all of the comments, so I can
Speaker 2: basically bet that I've already heard all of the money
Speaker 2: wins this week, but I regret nothing. So Jess, what
Speaker 2: have you pulled out for us? All right? This week?
Speaker 3: Firstly, I have one from Tory who said a great name,
Speaker 3: excellent name. I needed a new puffy jacket and I
Speaker 3: wanted a Patagonia jacket but it was three hundred dollars.
Speaker 3: She found it on sale for fifty percent off this weekend.
Speaker 2: Oh that's your god of money. Wine brand new for
Speaker 2: one hundred and fifty dollars.
Speaker 3: And Patagonia is an awesome We've spoken about them before
Speaker 3: like they're morals a body. Yeah, great quality and like
Speaker 3: a company with really great ethics, which is awesome. Next,
Speaker 3: I've got a money win from Gabby who said win,
Speaker 3: I've saved six hundred dollars that I was quoted for
Speaker 3: a bond clean by just doing it ourselves. Had a
Speaker 3: huge day of grubbing, but we got there.
Speaker 2: I feel like you've got a few trip nails from that,
Speaker 2: but that would be worth it. Bond cleans are so
Speaker 2: bloody expensive.
Speaker 3: And little pro tip. I got into an argument. I've
Speaker 3: ever done this before. I've made a comment on an
Speaker 3: Instagram post.
Speaker 2: And I was like, well, you're getting in an argument
Speaker 2: happens regularly on an Instagram post. No, that's usually me
Speaker 2: just like sends me screenshots of my own comments and
Speaker 2: says delete this right now.
Speaker 3: And I'm like, fine, fine, Yeah, I'm not one to
Speaker 3: have a little argument on the internet. But I commented
Speaker 3: because someone was talking. It was someone talking about like
Speaker 3: a similar thing, rental clean, and I said, oh, at
Speaker 3: least in Victoria, did you know that they actually can't
Speaker 3: legally force you to have a professional clean done.
Speaker 2: Some the kboard warrior decided to correct and I was,
Speaker 2: let you know that you were wrong, that, like Jess,
Speaker 2: is never wrong. But I could just know this as
Speaker 2: a fact, Jess never wrong. It's really nice. I wish
Speaker 2: I could relate to people who were but I simply can't.
Speaker 4: I don't think i've ever no, I don't think i've
Speaker 4: ever experienced no.
Speaker 3: No, I definitely haven'ten But yeah, it was I anyway,
Speaker 3: that isn't either. He was just a little and a
Speaker 3: But if you're in Victoria. Did you know they can't
Speaker 3: force you to pay because they often try to. They
Speaker 3: put it in like your lease agreement, that's actually not enforceable.
Speaker 2: It's illegal.
Speaker 4: But I want to know how this conversation, like, what
Speaker 4: did the person say?
Speaker 3: So they I replied to them and said, oh, it's
Speaker 3: actually not you can't do that. It's not legal, like
Speaker 3: it's on the tenants Fick website if you want to
Speaker 3: check it. Don't know about other states, but for Victoria specifically.
Speaker 2: That's not nice all I'm talking about.
Speaker 3: Yeah, exactly right. And then they came back and said something.
Speaker 3: I can get to see what they said because when
Speaker 3: I went to it, the comment was actually gone.
Speaker 2: So that is them recognizing that Jess is always right.
Speaker 2: As they were embarrassed, they put their tail between their legs,
Speaker 2: and they went home well good as they should.
Speaker 3: Hopefully that's a money win for anyone in Victoria. You
Speaker 3: don't have to You can do a perfectly good job
Speaker 3: cleaning it.
Speaker 2: Yourself, unless you're really a boad at cleaning, in which
Speaker 2: case maybe get a cleaner.
Speaker 3: Yes, yeah, next moving or a long next money when
Speaker 3: I've got is from April who said long term money win.
Speaker 3: I made a three thousand dollars lump sum repayment on
Speaker 3: our home loan. She did the most must be nice,
Speaker 3: it must be very nice. But that three thousand dollars
Speaker 3: equals eleven thousand, eight hundred and ninety one dollars that
Speaker 3: they've saved in interest.
Speaker 2: It's that cool, very very cool.
Speaker 4: Do the maths because you'll feel much better about making
Speaker 4: those payments.
Speaker 3: Yeah, and she said it's going to make her really
Speaker 3: rethink they're spending first saving and stuff, which I thought
Speaker 3: was just like a cool thing to like have a
Speaker 3: play around with and super motivating.
Speaker 2: Yeah, exactly right.
Speaker 3: Next, I've got a money in from Nicole who said
Speaker 3: I was going to have to pay four point five
Speaker 3: thousand dollars to get my daughter assessed for autism.
Speaker 2: I did not know it was that expense. WHOA, that
Speaker 2: is crazytism anything neurospicy? Yes, so expensive. HD, Like I
Speaker 2: was saying this to my mum the other day. I'm like,
Speaker 2: I'm so glad you guys had to pay for my
Speaker 2: diagnosis when I was a teenager because I couldn't afford it.
Speaker 2: Now I want to do it now. No, absolutely not,
Speaker 2: absolutely not.
Speaker 3: But money in for Nicole she said she found out
Speaker 3: that the school can actually assist for a much more
Speaker 3: affordable price because they have a psychologist on their stuff.
Speaker 2: Oh money, we very cool and great if you had
Speaker 2: good to know and to ask the school to get involved.
Speaker 2: If you're going through that with a kid, I would
Speaker 2: have thought of that.
Speaker 3: Yeah, I know that's perfect, really lucky for the coal
Speaker 3: orful that people have to pay that.
Speaker 2: I'm so sorry.
Speaker 3: Lastly, I have a moneyman from Kristen who said I
Speaker 3: had to clean out old stuff from my old bedroom
Speaker 3: at home. In doing soon, I found two hundred and
Speaker 3: forty dollars and a winning crosswords scratchy tucked away an
Speaker 3: old birthday card. Oh my money, money, it's nice just.
Speaker 2: Having two hundred and forty bucks accidentally in your room. Again,
Speaker 2: can't relate, No, I don't think I've I've found five
Speaker 2: bucks or ten dollars. Actually, one time I lucked out
Speaker 2: and found like fifty dollars in a coat pocket, my
Speaker 2: own coat pocket, so it was technically in my own money,
Speaker 2: but it would have been cooler if it was like
Speaker 2: from the shop or something.
Speaker 3: Yeah. I love reading those stories, like what have you
Speaker 3: found in something you got to the shop? Like someone
Speaker 3: bought a box and they opened it and there was
Speaker 3: a bunch of cash, or.
Speaker 2: Yeah, seriously, I've gotten onto the side of TikTok where
Speaker 2: people are buying things secondhand and realizing they're haunted. So
Speaker 2: maybe different, but I'm trying the same. No interesting though,
Speaker 2: people buying stuff and then being like, ah, yeah, so
Speaker 2: I bought this doll and I'm like looking at the
Speaker 2: video being like, how did you not know the doll
Speaker 2: was haunted? Like it haunted? But I love those kinds
Speaker 2: of stories. Anyway, moving on, Beck, I want your brocust
Speaker 2: of broke tips. What have you got so?
Speaker 5: Oh, she's ready's.
Speaker 4: Got it, I've got it up, I'm ready. This again
Speaker 4: won't be as rogue as some of my.
Speaker 2: Exactly exactly, snaughty laughing. We have to stop recording. I
Speaker 2: don't want it.
Speaker 4: Okay, well I can. I was speaking to an old
Speaker 4: friend of mine and realizing how wild a lot of
Speaker 4: the old things I did was, And this is not
Speaker 4: what I'm doing today. Those just same Beck, different day,
Speaker 4: exactly exactly. But those will come, those stories a right, okay.
Speaker 4: First one comes from Emma, who says, honestly, go to
Speaker 4: cost for free samples around meal time, that is such
Speaker 4: a good idea, genius.
Speaker 2: They always do like they're sliced pizza or the dips
Speaker 2: and stuff. What if you just do lots of laps
Speaker 2: and just like have a whole entire pizza. Yeah, exactly, No,
Speaker 2: I reckon they cut you off. I don't think.
Speaker 4: So we put a little hat on, put a fake mustache.
Speaker 4: They would never know that you're the same person. I think.
Speaker 2: Yeah, that's true. See so many people. Surely they wouldn't
Speaker 2: even notice.
Speaker 5: Totally.
Speaker 2: We love Costco in this team. In fact, we were
Speaker 2: literally in New Orleans and brook who's on our team.
Speaker 2: You've probably met brook You would have met Brooks. She's
Speaker 2: been on the podcast before. Yes, so she's obsessed with
Speaker 2: Costco and every country she goes to she has to
Speaker 2: go to a Costco there just to check it out.
Speaker 2: That's such a funny obsition. Was an actual activity for
Speaker 2: all of us, or we just went to Costco like
Speaker 2: that was an afternoon activity, like it was like on
Speaker 2: the iterial. I guess it was on the itinerary. We
Speaker 2: went to Costco. Turns out they're all the same. We
Speaker 2: learned nothing and then Brooke got a pizza. You did too, Jess.
Speaker 2: It was delicious, so good, but it was the same
Speaker 2: as the Costco pizza. You could have got here what
Speaker 2: you want. But I'm sitting there being like this same.
Speaker 3: Yeah, as someone as a pickie eater, I appreciate knowing
Speaker 3: that no matter what country I mean, Costco pizza tastes
Speaker 3: the same.
Speaker 2: You're also a very big fan of McDonald's exactly for
Speaker 2: that exactly exact reason.
Speaker 4: Yeah, I get that.
Speaker 2: I like get that, all right, Beck, What else have
Speaker 2: you got on their table for us? Okay?
Speaker 4: Also should say free samples anywhere, Like you know, you
Speaker 4: go to Butcher's and sometimes they have all which I
Speaker 4: know be very feeling, but you know, you got to do.
Speaker 2: We gotta do sometimes. Okay.
Speaker 4: This next one comes from Laura, who says cultural Brooke tip.
Speaker 4: If there is a ticketed exhibition, say art design film,
Speaker 4: you want to attend, wait until the last two weeks.
Speaker 4: They usually sell fifty to seventy ish percent off tickets,
Speaker 4: mainly big galleries like NNGV ACME. I feel like ACME
Speaker 4: might be free or I don't know, mate, you're telling
Speaker 4: this story not me.
Speaker 2: That's true.
Speaker 1: I don't know what.
Speaker 4: I should have.
Speaker 3: Sorry, what we're gonna say, just I think they occasionally
Speaker 3: do like special exhibits that you might pay for, but
Speaker 3: like a lot of it is free.
Speaker 2: Oh okay, MGV is the same. There are parts I
Speaker 2: actually not sure. Yeah, sometimes MGV is free as well.
Speaker 4: Actually, but that's just good to know if that if
Speaker 4: it is an exhibition that you want to go to,
Speaker 4: but they are actually charging for that. So these you know,
Speaker 4: obviously again in Melbourne. I know that some of the
Speaker 4: community members are not in Melbourne, but if you are
Speaker 4: going on.
Speaker 2: In your local area anyway, totally that could be like global.
Speaker 3: Yeah, and there's some great apps and stuff that do
Speaker 3: last minute tickets for shows, like I use last ticks.
Speaker 3: I'm trying to win forty five they do like the lottery.
Speaker 3: I'm trying to get the forty five dollars wikied tickets.
Speaker 3: But they like it's like the end of the run
Speaker 3: of a show. They'll usually yeah, because they they'll like
Speaker 3: I guess a lot of people obviously, like every Wednesday
Speaker 3: they go you can enter to like be able to
Speaker 3: buy these like seven you're.
Speaker 2: Always on to something. She actually is, She's just ridiculous.
Speaker 4: You're always on one of our girls.
Speaker 2: That Zella money actually a kind of vibe. She's in
Speaker 2: New Zealand this week for a holiday with her family.
Speaker 2: And I remember I was in New Zealand a little
Speaker 2: while ago and they have you remember how I was
Speaker 2: obsessed with that first table app? Oh yeah, yeah, So
Speaker 2: I was like, you can get on first table because
Speaker 2: they actually, like lots of the restaurants in New Zealand
Speaker 2: are on first table, which is if you haven't heard
Speaker 2: of it. Back you get the app and the first
Speaker 2: table of the night, like the bookings are like at
Speaker 2: five pm. She has kids, so this works really well.
Speaker 2: You get fifty percent off for being first in the
Speaker 2: door off your bill money. We are okay, which kind
Speaker 2: of all comes out in the wash when you're home
Speaker 2: in nine drink.
Speaker 4: Guys.
Speaker 2: Yeah, I did that on the weekend when I did
Speaker 2: my thirty nine dollar all you can eat Japanese with
Speaker 2: my family. We took my parents and my sister and
Speaker 2: my husband and Harvey came and it was really good.
Speaker 2: It turns out Harvey he's not that into Japanese yet,
Speaker 2: but that's what we'll work on that. Yeah, we had
Speaker 2: a five thirty booking, so excited we were back home
Speaker 2: by like seven thirty eight. I was like this guys,
Speaker 2: this is living. Yeah, no, I agree with that. Peak
Speaker 2: motherhood Yeah no, no, just pick living.
Speaker 4: Yeah, I agree with that.
Speaker 2: What's your broke tip though?
Speaker 4: Okay, so this one. My best friend Live actually told
Speaker 4: me about this, which is like some people lives broke tip.
Speaker 4: Sometimes you gotta do what you gotta do.
Speaker 2: Yeah, that's that's broke away.
Speaker 4: I do have a few in the bank though, but
Speaker 4: I thought, you know, I'm going to spread them out,
Speaker 4: so lives one is if you work in an office environment,
Speaker 4: or if you just like have like a trilliant housemates.
Speaker 4: You know, obviously like loyalty cards are really good to
Speaker 4: keep on hand. This might be a little bit dodgy,
Speaker 4: but what we do is you get everyone's coffee order,
Speaker 4: You get everyone to pay you for the coffee order,
Speaker 4: and then you get the and then you get the
Speaker 4: free one. So you've paid nothing at all, do you
Speaker 4: know what I mean? Like, you get the free you
Speaker 4: put you deserve that that's not even payment for doing coffee,
Speaker 4: So no one had to pay. They just allowed you
Speaker 4: to have the free one.
Speaker 2: Exactly. So yeah, exactly, And if they want to tick
Speaker 2: off their loyalty thing, they can go get their own
Speaker 2: coffee and take it off in their own time. Yes,
Speaker 2: exactly right.
Speaker 4: So I feel like that's like I never thought to
Speaker 4: do that, but I'm going to start doing that for sure,
Speaker 4: like when I get a job.
Speaker 2: Speaking of stuff that you can do at work, this
Speaker 2: is probably not legal in any other organization except for
Speaker 2: my own. Jess has her shot pack for work purchases.
Speaker 2: Oh yeah, so I'm funding the purchase, she's getting the
Speaker 2: cash back. Don't you know what?
Speaker 4: I feel?
Speaker 2: It all's fair in love and more. She I know
Speaker 2: she does it if I really with permission, but like
Speaker 2: maybe ask your boss. Like if you're an AA or
Speaker 2: you're you know, doing lots of transactions, you could literally
Speaker 2: be like, hey, can I just add my shop back
Speaker 2: to this? Why would they say no?
Speaker 4: Or your rewards card if you're doing like all these
Speaker 4: purchases for whatever.
Speaker 2: But don't just do it like first, ask first, because
Speaker 2: otherwise I think it could be constituted as fraud, and
Speaker 2: we don't endorse.
Speaker 4: Fraud, no, not publicly exactly.
Speaker 2: Jess is like, yeah, yeah, really really quickly.
Speaker 4: I'm going to Japan next week, and I just want
Speaker 4: to say that I got really cheap tickets from the app.
Speaker 2: Hold On, Hold On, Japan. Did you know that she
Speaker 2: was going to Japan? Did we know that she wasn't
Speaker 2: going to be on the podcast?
Speaker 4: Oh, let's tell everyone actually said I had no money,
Speaker 4: but you gotta do what you gotta do sometimes.
Speaker 2: All right, Jess and I yes, will man the desk.
Speaker 4: Thank you, so we've got you, Thank you. I just
Speaker 4: wanted to put that out there. I know the pilot
Speaker 4: app is really really good for very cheap tickets. Okay,
Speaker 4: I've never used that before. Six hundred dollars return.
Speaker 2: Oh my god, that's so cheap. How do you learn
Speaker 2: about that app? Did you get check luggage? You need
Speaker 2: to be wearing all. I'm going to be wearing everything.
Speaker 2: Just think that's the funniest thing that's ever ever ever happened.
Speaker 2: Think it. Sorry, Sam, If you edit out that's snort,
Speaker 2: you're done. You're done. That stays. The snort stays. Did
Speaker 2: you get check baggage? I didn't? Why is no one?
Speaker 2: No one's concerned? Oh my god. All right, guys, you
Speaker 2: know what, we know what she's gonna do.
Speaker 5: Let's go to a break because on the flip side,
Speaker 5: we're going to be talking about why you should invest,
Speaker 5: and we're going to be unpacking something you slid into
Speaker 5: our dams about This week, we're talking about owing money
Speaker 5: to your friends, so guys, don't go anywhere.
Speaker 3: Welcome back, everybody. Let's take a listen to this week's
Speaker 3: money dilemma.
Speaker 2: Hi, there, have you got a money dilemma you just
Speaker 2: can't solve that. She's on the Money Team is here
Speaker 2: to help. Every week we tackle your dilemmas, both big
Speaker 2: and small, to answer your most burning money, career and
Speaker 2: life questions. To get involved, simply head to our website
Speaker 2: and leave us a short voice recording and you might
Speaker 2: just find yourself on the show. Now, let's take a
Speaker 2: listen to this week's money dilemma.
Speaker 6: Hi, Fees on the Money Team. My question is why
Speaker 6: should I I be investing rather than putting money into
Speaker 6: my super account. I know that there's lots of chat
Speaker 6: about micro investing and other platforms like chareseas, but I'm
Speaker 6: a bit confused why that's beneficial over salary sacrificing and
Speaker 6: putting money in my super with all of the tax benefits,
Speaker 6: and it seems like a much safer option.
Speaker 2: What do you guys reckon before I take over? Because
Speaker 2: that's all I do.
Speaker 4: I would only say that, like with super you can
Speaker 4: get it after your sixty five would unless like you know,
Speaker 4: special circumstances. But so that's like, if you're investing, you
Speaker 4: don't have to wait as long. Like forgive me if
Speaker 4: I'm completely incorrect, but that's what my my thinking is.
Speaker 2: Yeah, you're right, totally right.
Speaker 3: You can't access your super unless you're putting in for
Speaker 3: like the first home super save a scheme or something
Speaker 3: like that, you generally can't access until you're sixty five,
Speaker 3: whereas your investments you can liquidate them at any point. Right,
Speaker 3: all circumstance is allowing Like obviously it takes some time
Speaker 3: to process the tax, like you tax benefits you have
Speaker 3: to take into account, like it's something worth thinking, but
Speaker 3: they're not going to be applicable to everyone. And I
Speaker 3: think a lot of the time she mentioned our listener
Speaker 3: mentioned micro investing specifically, I think a lot of the time,
Speaker 3: if people are investing small amounts, we want you to
Speaker 3: be investing those small amounts because they do grow into
Speaker 3: large amounts. But the tax benefits that you may see
Speaker 3: from that may not be quite so.
Speaker 2: Significant from my perspective, So you've got to.
Speaker 3: Kind of weigh up what the tax benefit is versus
Speaker 3: what you're doing. I mean, I think it's it really
Speaker 3: is up to you personally. Like some people do prefer
Speaker 3: to invest in a super, you don't have as much control.
Speaker 3: I think, like you can't pick your individual shares generally speaking,
Speaker 3: like you can't choose a platform that's really user friendly.
Speaker 3: I think you just have more control when you invest
Speaker 3: for yourself, which is what I like. But that's not
Speaker 3: to say that investing in super is a bad option
Speaker 3: at all. It just is to use Victoria's favorite phrase,
Speaker 3: different horses for different courses.
Speaker 2: Where did you even get that from?
Speaker 3: I don't know, but I think it's so funny, So
Speaker 3: I use every chance that I can courses.
Speaker 2: I also like to say, not my circus, not my monkeys.
Speaker 2: And I also like to say play stupid games, get
Speaker 2: super prices.
Speaker 4: Yeah, Peach sorry, I don't want to talk about Peach
Speaker 4: close Taylor Swift.
Speaker 2: What's the thing each to their?
Speaker 4: Peach sorry is what I try to say, and I
Speaker 4: just sort up Peach.
Speaker 2: I like that. I like that. It definitely sounds like
Speaker 2: something Jess would say. Yeah, very cutesy. It's very cutesy.
Speaker 2: Fust you actually knows that they're talking about perhaps all right,
Speaker 2: so first things first, should I be investing rather than
Speaker 2: putting my money in my super account? You are investing
Speaker 2: in both. So the one thing I want you to
Speaker 2: understand about supranuation, or the one thing I want you
Speaker 2: to take from this segment of the podcast today, is
Speaker 2: that supranuation is not an investment. Supranuation is a tax
Speaker 2: structure in which you invest under and that tax structure
Speaker 2: exists to put you in a better position for retirement
Speaker 2: because the government wants to support us so that they
Speaker 2: don't have to pay many pensions. Makes sense, right, But
Speaker 2: something that our listener said that I really wanted to
Speaker 2: like stamp out really quickly is she said, I know
Speaker 2: it's safer inside Super, and that is not true at all,
Speaker 2: because if you're investing inside of Super or outside of Super,
Speaker 2: the risk is exactly the same. The tax structure of
Speaker 2: superannuation doesn't add any more security or take any away
Speaker 2: because if you're investing inside Super and you've got you know,
Speaker 2: some ETFs and a managed fund, if you had that
Speaker 2: outside of Super, it's not more or less secure. It's
Speaker 2: just a different type of asset.
Speaker 3: Right.
Speaker 2: So I think it's important to understand that SUPER is
Speaker 2: a tax structure that exists to put us in a
Speaker 2: better financial position. You're right beg about being able to
Speaker 2: access it after sixty five, and Jess, you are absolutely
Speaker 2: correct about the control. So I like investing outside of
Speaker 2: SUPER because I'll be able to access it before I
Speaker 2: turn sixty five. And I want to be able to
Speaker 2: access my money before then because I want to retire
Speaker 2: before then, because old A is a privilege that is
Speaker 2: denied to many people, and they don't want to wait
Speaker 2: until I'm like sixty five or sixty seven or even
Speaker 2: seventy before I get access to my cash holder. Right.
Speaker 2: But if we're talking about the tax benefits only, there
Speaker 2: are a lot of tax benefits to putting your money
Speaker 2: inside SUPER, And these numbers that I'm going to spit
Speaker 2: at you are relevant for the First Home Super Savior Scheme,
Speaker 2: which is a mouthful but also a really important thing
Speaker 2: to take into consideration if you're saving for your first home,
Speaker 2: because at this current point in time, you can contribute
Speaker 2: up to fifty thousand dollars into the First Home Super
Speaker 2: Savior Scheme, which at a marginal tax rate of thirty
Speaker 2: two and a half percent, will mean you are nine
Speaker 2: and a half thousand dollars better off by using that scheme.
Speaker 2: So that's nine and a half thousand dollars of what
Speaker 2: I would say is free money, and we love free
Speaker 2: money in this house, right, So what we are going
Speaker 2: to do is a quick example. So let's say we
Speaker 2: have ten thousand dollars of cash pre tax. You've just
Speaker 2: earned it, beck and you're trying to decide whether it
Speaker 2: goes into super or whether it goes into your investment
Speaker 2: portfolio or your savings or just keeping in your bank account. Right,
Speaker 2: So ten grand pre tax, if you put that into
Speaker 2: your bank account and you're on a marginal tax rate
Speaker 2: of thirty two and a half percent, which is you
Speaker 2: earn between forty five thousand and one hundred and twenty
Speaker 2: thousand ish dollars, that's you know, I think what most
Speaker 2: of the population would fall into. That ten thousand dollars
Speaker 2: post tax becomes six thousand, seven, one hundred and fifty dollars,
Speaker 2: So that's what goes into your bank account and then
Speaker 2: the rest goes to tax. If that amount of money
Speaker 2: went into your supranuation instead of your personal bank account,
Speaker 2: instead of being charged thirty two and a half percent
Speaker 2: in tax, you would get the supranuation tax rate, which
Speaker 2: is only fifteen percent, and that money would then be
Speaker 2: worth eight thousand, five hundred, So it's worth more than
Speaker 2: that six thousand, seven hundred and fifty dollars, which is
Speaker 2: a difference of twenty one percent. So to be a
Speaker 2: difference of twenty one percent, that's basically like an instant
Speaker 2: return on your money right just by choosing the superannuation environment.
Speaker 2: But does that mean that we should be investing all
Speaker 2: our money in super because obviously you're making more. Absolutely not,
Speaker 2: because it's locked away, and so we need to kind
Speaker 2: of make this balance of how much is going to
Speaker 2: be in SUPER for when I do retire versus how
Speaker 2: much is going to help me achieve my goals today?
Speaker 2: How much is going to help me, you know, be
Speaker 2: in the best possible financial position. Do I want to
Speaker 2: invest outside of super so that I can achieve financial
Speaker 2: freedom earlier? It's a fine balance between what you're doing
Speaker 2: inside and outside of SUPER. If you asked me personally, Victoria,
Speaker 2: do you add additional money to your super so that
Speaker 2: you know you can make the most of that at
Speaker 2: this point in my life? No, because I really want
Speaker 2: financial freedom before I retire some point when I'm a
Speaker 2: little bit more, you know cash they could, and you
Speaker 2: know my businesses are able to pay me a bit more,
Speaker 2: I will put more money into SUPER. But right now
Speaker 2: my goal is actually my mortgage and paying for Harvey's
Speaker 2: future education and all of those things that are important
Speaker 2: to my husband and I. So just because on paper
Speaker 2: it's twenty one percent better, that doesn't mean that that
Speaker 2: works for me. So I think the important thing here
Speaker 2: is really understanding that, No, it doesn't necessarily mean that
Speaker 2: SUPER safer. SUPER feels safer because we like structure, and
Speaker 2: superannuation is forced upon us, so you have to have
Speaker 2: it back, and because it's always been there, you assume
Speaker 2: it's a safe option. But that doesn't mean that investing
Speaker 2: outside of SUPER is unsafe. You just have to make
Speaker 2: a decision that's in line with your risk profile. So
Speaker 2: for me, the safety thing, I just wanted to stamp
Speaker 2: that out really quickly. Is it better to put it
Speaker 2: in SUPER? The answer is very unclear because I don't
Speaker 2: know your personal circumstances. But what I need you to
Speaker 2: understand is that tax environment can be beneficial, but it's
Speaker 2: not as accessible, and that's where I go well, what's
Speaker 2: going to work for you? Right now? You're able to
Speaker 2: contribute up to twenty seven thousand, five hundred dollars each
Speaker 2: financial year to your superannuation and get that fifteen percent
Speaker 2: tax rate above and beyond that you go back to
Speaker 2: your marginal tax rate. So it's completely up to you
Speaker 2: what you do. But if you're thinking about the first
Speaker 2: time super savior scheme, great scheme, great scheme, nine and
Speaker 2: a half thousand dollars better off if you were to
Speaker 2: think about using that over a five year period. That's
Speaker 2: my rant on supranuation. Thank you for coming to my
Speaker 2: Ted Talk solid advice. Yeah, that's great. Oh thanks thanks.
Speaker 2: That's all I've got though, So let's move on. We
Speaker 2: had a DM this week. Are you guys ready to
Speaker 2: unpack it? Very good? All right, Hi, she's on the money.
Speaker 2: I have a money dilemma. My Bessie really wanted me
Speaker 2: to come on a holiday with her to Bali. She
Speaker 2: was trying to convince me for a full month. I
Speaker 2: told her I would love to, but probably couldn't because
Speaker 2: I didn't have the cash. No problem. If you're beck though,
Speaker 2: Hey true little jabb going to Japan.
Speaker 4: Yeah, no, you're so right.
Speaker 2: I won't no judgment. I love you and all of
Speaker 2: the decisions do you make. Thank you so much, she said.
Speaker 2: In response, she said she was more than happy to
Speaker 2: loan me the money if it meant that they could
Speaker 2: go on the holiday together, which is really nice. We
Speaker 2: have been friends for years, so I didn't think that
Speaker 2: this was weird. I took her up on it, telling
Speaker 2: her I would need about three months post trip to
Speaker 2: pay her back, and she was really okay with that.
Speaker 2: She paid three thousand dollars for me and we had
Speaker 2: the best time. But we've been home for a couple
Speaker 2: of weeks and she's told me that she needs the
Speaker 2: money now. She's spontaneously decided to move out of home.
Speaker 2: Post getting home, she saw someone post on Instagram with
Speaker 2: a free room up for rent for a few months
Speaker 2: and took them up on it really quickly. I literally
Speaker 2: can't pay her now or I wouldn't be able to
Speaker 2: pay my rent and buy food. What do I say
Speaker 2: to her? We agreed to three months, but it is
Speaker 2: her money, and if she wants it now, do I
Speaker 2: have to cough it up as help? Okay?
Speaker 4: So I find myself in this situation a lot. Actually
Speaker 4: going to Japan. My rent actually offered me money to go,
Speaker 4: and that's one of the reasons why I am able to.
Speaker 2: It's really funny. It's very well timed. It's really Yeah,
Speaker 2: it's not a plan, it's just very well timed. I
Speaker 2: just think it's so funny.
Speaker 4: Yeah, this is so because I didn't say anything to
Speaker 4: you guys before.
Speaker 2: No, no, we had no idea.
Speaker 4: So I guess the thing is, I have borrowed money
Speaker 4: from friends before. I always pay it back when I
Speaker 4: say I will. I guess like your friend, unfortunately, has
Speaker 4: gone back on what she said. You have an agreement.
Speaker 4: It's kind of like the same as like say you're
Speaker 4: borrowing from a bank or whatever, like you have X
Speaker 4: amount of time to pay it back. When you agreed
Speaker 4: to this, you didn't have the anxiety and stress and
Speaker 4: pressure of having to pay immediately as soon as you
Speaker 4: got back, and so that's why you agreed to do it.
Speaker 4: That's why you went and had a great time. I
Speaker 4: understand that it is her money, and she is like,
Speaker 4: you know, she's owed that money and she will get
Speaker 4: that money back. But if I feel like if this
Speaker 4: person knew that they would have to pay it immediately
Speaker 4: as soon as they got back, or like within the
Speaker 4: first few weeks, they would have definitely said no, they
Speaker 4: actually can't ford this. If you have all the information
Speaker 4: available to you and you agree to do it, but
Speaker 4: then you just can't make it happen, that's the story
Speaker 4: for another time. But this is like you had all
Speaker 4: the information given to you, you thought you had X
Speaker 4: amount of time to pay back, and now your friends
Speaker 4: kind of come back and be like, no, I need
Speaker 4: it now, which is completely unfair to you. I feel
Speaker 4: like your friend is in the wrong here. Obviously it
Speaker 4: is their money. They do need their money back eventually,
Speaker 4: but if you had that information, you probably wouldn't have gone.
Speaker 2: I think if your friend had said, yeah, you'll have
Speaker 2: to pay me back when you get back, you would
Speaker 2: have been like, well, I just can't go then. Thanks though,
Speaker 2: And they should be aware of that, right, Like you
Speaker 2: literally were being convinced for a month to take them
Speaker 2: up on this offer, right, Like, I feel like it
Speaker 2: is kind of unfair. Just what are your thoughts?
Speaker 3: I completely agree, Like, I think the changing last minute,
Speaker 3: especially over something that's not necessary, like if the friend
Speaker 3: had had a medical emergency and I'm like, well I
Speaker 3: have to pay for a surgery. I could be a
Speaker 3: bit more understanding, but she's making a choice. It seems
Speaker 3: to me that perhaps she wasn't in the position to
Speaker 3: lend the money. And I have a perspective on this
Speaker 3: that is said with lots of love and care, but
Speaker 3: I think across the board, perhaps we're not all managing
Speaker 3: our money in the most responsible way in this scenario.
Speaker 3: I think that if you're going to lend somebody money,
Speaker 3: you should be able to function without it for a
Speaker 3: significant period of time, unless it's a super emergency. Again,
Speaker 3: if you've got a friend in trouble and you can
Speaker 3: help them by all means. But I think like in
Speaker 3: this case, if she was going to pay for a
Speaker 3: holiday for someone, which is obviously a luxury, she probably
Speaker 3: should have ideally been in a bit more of a
Speaker 3: financially stable position where she wouldn't have to go back
Speaker 3: on her word and ask for it sooner. On the
Speaker 3: flip side, I also think that if you can't afford
Speaker 3: to pay for a holiday, I don't know that it's
Speaker 3: the best or most responsible choice to go.
Speaker 2: I'm really sorry.
Speaker 3: I feel incredibly bad saying this year after you've just
Speaker 3: been so excited.
Speaker 2: Sorry, sometimes it needs to hear the truth and we
Speaker 2: love Beck, but like, I don't think it's going to
Speaker 2: come as a surprise that if she said, V, do
Speaker 2: you think this is a good idea, Beck, I will
Speaker 2: outwardly say Beck, I think it's a terrible idea. But
Speaker 2: I also know that Beck just does whatever she wants,
Speaker 2: like no, but I'm not the boss of you, and
Speaker 2: my opinion is worth literally nothing like it. It's my opinion.
Speaker 2: You could put it in the bin, you could take it,
Speaker 2: you can do whatever you want with it. You haven't
Speaker 2: asked me if it's a good idea, and it's not
Speaker 2: my place to say so. Or is this money diarist
Speaker 2: or this you know member of our community is like, V,
Speaker 2: what are you doing? In that case, I'll give you
Speaker 2: my opinion. But like, you're in a position, Beck where
Speaker 2: you know you've got all the resources. You've already said, look,
Speaker 2: I probably know I shouldn't, but you're in a position
Speaker 2: where you feel comfortable to do that. You're probably really
Speaker 2: comfy with the friend who's making this decision with you,
Speaker 2: and like Yollo, like yeah, you know it's kind of
Speaker 2: like you know, Jess, I don't know the ins and
Speaker 2: outs of your relationship, and it's not you don't know everything.
Speaker 2: You can't judge someone for the decisions they're making. I mean,
Speaker 2: I wouldn't get on the podcast and be like, do
Speaker 2: what Beck Doe? Like No, but really it's in Beck's
Speaker 2: best interests because she's probably weighed up the pros and cons.
Speaker 2: As you said, I know who it is like, and
Speaker 2: I know you two have a very close relationship and
Speaker 2: it's not going to go south. Yeah, So it's fine. Yeah,
Speaker 2: but it's different for everybody, and you can't just give
Speaker 2: the blanket advice that what Beck's up to is absolutely fine,
Speaker 2: because look what's happened to this member of our community.
Speaker 2: Her friends come back and changed the dynamics, and that's
Speaker 2: a really tricky position to be in.
Speaker 3: And that's why I kind of feel like hindsight is
Speaker 3: twenty twenty and like, obviously it's all well and good
Speaker 3: for me to say, oh, like you probably shouldn't have
Speaker 3: gone on the trip if you couldn't afford her, but
Speaker 3: like the trip is done and she had a great time,
Speaker 3: and that's awesome. So I guess from here my advice
Speaker 3: would be that you you I feel like I say
Speaker 3: this every time, but you really need to tell your
Speaker 3: friend what you told us, like, yeah, it's I completely
Speaker 3: agree with what you were saying, Beck that it's it's
Speaker 3: very unreasonable of her friend to shift the goalposts. And
Speaker 3: I think that if there is any wiggle room for
Speaker 3: you to expedite the repayments, try to do that, but
Speaker 3: not obviously at the sacri or the cost of being
Speaker 3: able to feed yourself, being able to pay your rent, Like,
Speaker 3: those things have to come first. Your physical safety and
Speaker 3: health has to come first. And I guess the other
Speaker 3: thing that i'd mention is reviewing your discretionary spending because
Speaker 3: the fact that you went on this holiday when you
Speaker 3: maybe couldn't quite afford it says to me that maybe
Speaker 3: we're being a little flexy with our budget what we're
Speaker 3: choosing to spend on, which is fine normally that's totally
Speaker 3: your call, but I think that we've kind of had
Speaker 3: the flip side of this as a question or a
Speaker 3: dilemma before. You know, if you've said to your friend, hey,
Speaker 3: I really can't pay you back yet, we've got this
Speaker 3: agreed timeline. Can I do it over the three months?
Speaker 3: And that's reasonable because that's what you agreed to. But
Speaker 3: if she then saw you going on a weekend away
Speaker 3: or blowing all your money on new shoes or something,
Speaker 3: then I can understand how the friend would.
Speaker 2: Also feel a little bit put out.
Speaker 3: So I think, like just making sure that on both
Speaker 3: sides we're doing everything we can to be fair and
Speaker 3: reasonable your prior urtizing that debt repayment. It is so
Speaker 3: annoying that that timeline that she's trying to change it,
Speaker 3: And I completely empathize with you because that's not what
Speaker 3: you discussed. You did the right thing and you put
Speaker 3: a timeframe on upfront, which was a great call. Very
Speaker 3: well done from you. That was so smart, But you know,
Speaker 3: doing everything you can to pay her back as quickly
Speaker 3: as possible where possible.
Speaker 2: I find that it's so hard because I mean flipping
Speaker 2: the tables only because it seems really relevant at the moment.
Speaker 2: I'm assuming Beck, if you thought that that would happen
Speaker 2: to you and the second you got back you'd o
Speaker 2: the money, you probably would have said no to Japan,
Speaker 2: right totally. Yeah, that's true. Whereas right now you're like, oh,
Speaker 2: I feel really comfortable and you trust the person to,
Speaker 2: you know, work with the terms that you've set up
Speaker 2: between the two of you yes, so Beck's not worried
Speaker 2: about that. You'd feel pretty muckdover if you got back
Speaker 2: in your friend was like, oh, Beck, you have to
Speaker 2: pay me this week. You'd be like, well, I can't.
Speaker 2: Like that's a stressful position I wouldn't have accepted in
Speaker 2: the first place. So I feel like, yeah, maybe just
Speaker 2: going to your friend. Hey, I really like this is
Speaker 2: why we agreed to the because I genuinely couldn't. Like
Speaker 2: that's what's doable. Yeah, and maybe try and work with
Speaker 2: them as well and be like, is there anything I
Speaker 2: can help you with in the short term, Like, you know,
Speaker 2: maybe I could do two payments instead of one, but
Speaker 2: like that's probably it. So I think just negotiating with them.
Speaker 2: But when it comes to lending money to friends, I
Speaker 2: do it. At the end of the day, I feel
Speaker 2: like we're in a cost of living crisis, and I
Speaker 2: feel very privileged that if my friends are stuck in
Speaker 2: a hard place, they are comfortable enough to share that
Speaker 2: with me, and I am in the very privileged position
Speaker 2: to be able to help. And I love that I'm
Speaker 2: that type of person that like I just feel like,
Speaker 2: I don't know, I really like that I can be
Speaker 2: that person, for my family and for my friends, right,
Speaker 2: But I always lend money with the idea in my
Speaker 2: head that I will either lose the money or lose
Speaker 2: a friend, and I have to be happy with one
Speaker 2: of those outcomes. Yeah, I don't want to lose my friend.
Speaker 2: I'd prefer to lose the money, and like, it's on
Speaker 2: me if I lend it and it doesn't come back.
Speaker 2: But if you're not comfortable with either losing the money
Speaker 2: or losing a friend, you shouldn't be ending money out. Yeah, like,
Speaker 2: because it's one or the other that you will lose
Speaker 2: if you're not happy with that. So I'm not saying
Speaker 2: that you will lose your money and you will lose
Speaker 2: your friend. Yes, nothing happy. Ideally, nothing happens. You know,
Speaker 2: they're a friend like Beck who pays it back, you know,
Speaker 2: as soon as they can, and we don't even talk
Speaker 2: about it ever again. But I think that you have
Speaker 2: to really go well, if I'm willing to do this,
Speaker 2: I also have to be willing to lose one of
Speaker 2: those things. Because I don't want to lose my friends.
Speaker 2: I'd much prefer to lose you know, the five hundred
Speaker 2: bucks I'd lent them. But I think you need to
Speaker 2: kind of put yourself in that position, and if you're
Speaker 2: not willing to lose that cash, you actually can't lend
Speaker 2: it out. Yeah, and that would be a okay. Well,
Speaker 2: maybe we plan a holiday for in twelve months, because
Speaker 2: a lot of the time these things are yes, you
Speaker 2: can't go right now. Well why can't we plan it
Speaker 2: for in the future. You don't necessarily have to miss
Speaker 2: out completely. But yeah, I think it's an interesting perspective.
Speaker 2: We did ask the community and we said, would you
Speaker 2: ever borrow money off a friend for a holiday, and
Speaker 2: nine percent of you said yes, I would trust my friends,
Speaker 2: so it's fine. Ninety one percent of you said no,
Speaker 2: things could get too messy. We also asked you, do
Speaker 2: you think this person needs to pay back the money
Speaker 2: right now? And eight percent of you said yes, Only
Speaker 2: eight percent of you, So, I think everybody else is
Speaker 2: sitting on our side of the table where we're like, well,
Speaker 2: that's so unfair to change the goalposts, because ninety two
Speaker 2: percent of you said no, they'd agreed on three months time.
Speaker 2: You need to stick to it. We then asked, do
Speaker 2: you think it's okay for the friend to change their
Speaker 2: agreement and ask for the money back. Ninety three percent
Speaker 2: of you said no, shouldn't have offered it if she
Speaker 2: didn't mean it, and then obviously seven percent of you
Speaker 2: said yes, so money, she can ask for it back
Speaker 2: whenever she wants, which no, you can't.
Speaker 3: I feel like it's not such a simple thing where
Speaker 3: you're going, oh, like I said, you could borrow my sweater,
Speaker 3: but actually I want to wear a sweater like it's
Speaker 3: to me, it's a much bigger thing. And you're lending
Speaker 3: the money knowing that your friend is in a tight
Speaker 3: spot financially, like you're offering to help them out of
Speaker 3: that spot, which is very kind and very well meaning,
Speaker 3: but the amount of stress that you're then on them
Speaker 3: by going ha ha, just kidding. I need it back
Speaker 3: because I want to move out into this free room.
Speaker 3: Like as much as it sucks, I feel like the
Speaker 3: responsible thing from them would be to do would be
Speaker 3: to pass up the opportunity let your friend payback on
Speaker 3: the agreed timeline.
Speaker 2: And no, agreed, I agree. We did ask for your
Speaker 2: two cents as always, and you won't be surprised at
Speaker 2: some of these responses. So someone said, I would never
Speaker 2: demand money from my friends if it meant that they
Speaker 2: were going without their basic survival needs, which I think
Speaker 2: is fair. Someone said, I really wonder if they would
Speaker 2: have the same feeling if it was a medical emergency,
Speaker 2: which you brought up before. Someone else said, she can
Speaker 2: ask her to pay the money back, but if it's
Speaker 2: not there to be paid back, then tough. What are
Speaker 2: you to do where you can pull it from? Doesn't
Speaker 2: grow on trees? Well, someone else said, and I think
Speaker 2: this is interesting because this is I guess, in the
Speaker 2: spirit of open, honest conversations around money. She said she's
Speaker 2: more than welcome to ask if she can pay it
Speaker 2: back early. Maybe her friend came into some cash and
Speaker 2: she wasn't aware, but she did agree on the three months,
Speaker 2: which needs to be adhered to if necessary. So like,
Speaker 2: I think it's actually fair if her friend turned around
Speaker 2: and you know, now talking this out, I suppose you know,
Speaker 2: if I borrowed some money from you, Jess, and then Jess,
Speaker 2: you were like, oh, V do you reckon you could
Speaker 2: pay it back early? And I went, oh no, sorry, Jess.
Speaker 2: You might go, oh, no worries. I just thought I'd
Speaker 2: check because that would have been helpful. Maybe we are
Speaker 2: just overthinking this and thinking it's a mean thing, or like,
Speaker 2: you know, her friend's putting it back on her. Have
Speaker 2: you had that conversation to be like, oh, look, I
Speaker 2: really would love to be able to give you that
Speaker 2: cash holder back, but I just don't have it to
Speaker 2: give you right now. Maybe it's as simple as a conversation. Yeah,
Speaker 2: and having open, ongoing conversation about money. Someone else said,
Speaker 2: never lend anything you can't do without friends. Should have
Speaker 2: considered pre trip and moving out before giving it away.
Speaker 2: Someone said she shouldn't have offered to pay for it
Speaker 2: if she didn't have an emergency fund. Oh, we love
Speaker 2: an emergency fund in this house. Someone said, never go
Speaker 2: into debt for a holiday. Sorry, girl, but you do
Speaker 2: have to pay up asap.
Speaker 4: Asap could still mean three months. Yeah, I feel like
Speaker 4: as soon as you can.
Speaker 2: Yes, I mean I feel like that one's double ended.
Speaker 3: Right.
Speaker 2: Never go into debt for a holiday I would agree
Speaker 2: with if you can not do it, but then sorry, girl,
Speaker 2: got to pay up. No, I don't agree with that.
Speaker 2: And then there are a whole heap of responses that
Speaker 2: are very similar to what we've said. So I won't
Speaker 2: bore you with that, but I think that's all we
Speaker 2: have time for guys, really going on and on, especially
Speaker 2: when I had that rant about superannuation. So I just
Speaker 2: need you to understand that it's a tax structure, not
Speaker 2: an investment, and investing inside and outside of super it
Speaker 2: carries the same risk because they're often the exactly the
Speaker 2: same thing. It's really passionate, passionate because they just want
Speaker 2: you doing best. Yeah, understood. All right, Well, I hope
Speaker 2: you have a really good weekend, guys, and we will
Speaker 2: see you bright and early on Monday for our money diary,
Speaker 2: so it can't wait. Be good bye, guys. Bye. The
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Speaker 2: nature and does not consider your individual circumstances. She's on
Speaker 2: the Money exists purely for educational purposes and should not
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