Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money, She's on
Speaker 2: the Money. Hello, and welcome to She's on the Money,
Speaker 2: the podcast Millennials who want financial freedom. Today, my friends,
Speaker 2: it is Friday, which means we actually have gotten the
Speaker 2: team back together and we are here to celebrate you
Speaker 2: our incredible She's on the Money community today, Miss Jess Gottria.
Speaker 2: She's going to be sharing our favorite money wins. We've
Speaker 2: got beck Saied on board to share her best to
Speaker 2: broke tips. We're going to be helping to answer a
Speaker 2: juicy money dilemma, which this week is all about Medicare
Speaker 2: rebates and we're going to be unpacking something you slid
Speaker 2: into our DMS about buying gifts in relationships, which I
Speaker 2: think can be a little bit of a fun topic.
Speaker 2: I can't wait to see what the community has said.
Speaker 2: But before we get there, Jessica, Hello, are you feeling better?
Speaker 3: I am.
Speaker 4: The flu knocked me for six, but that's okay. I'm
Speaker 4: back and better than ever.
Speaker 2: My favorite thing about that is that you just were
Speaker 2: refusing to let it get you down. You were like, oh,
Speaker 2: can you jump on zoom? And I'm like, no, you
Speaker 2: need to go to bed. And You're like, I just
Speaker 2: really want to do this one thing. And I'm like, okay,
Speaker 2: no worries, let's do this one thing. And then I'm like,
Speaker 2: you look like you died. Go to bed.
Speaker 3: I don't do well with not being able to do anything.
Speaker 2: Yeah, no, I get that. I'm the same, But as
Speaker 2: your employer, I think it's important that I push you
Speaker 2: to go back to bed. It just feels so irresponsible
Speaker 2: to be on a zoom with someone who is unwell.
Speaker 2: I'm like, go to bed. It's very sweet of you.
Speaker 2: It's not even about the business. I just feel guilty.
Speaker 3: Back, Yeah, that's fair.
Speaker 2: Why are you doing this. Please, it doesn't matter. So
Speaker 2: you're better, You're back on board. This is very good.
Speaker 1: Ed.
Speaker 2: How has your week been? Did you like doing an
Speaker 2: episode without Jeff's I no, I.
Speaker 3: Didn't like it. I ha out with you one on
Speaker 3: one good safe, But I love when the three of us.
Speaker 2: I think the three of us make the episode. Yeah.
Speaker 4: I think it's way better with Jesse here, so much better.
Speaker 2: We just went broke. There was nobody to keep us
Speaker 2: in mind, tell us stop stopped. Well like block her out,
Speaker 2: block her out. But when you're on, mica into shape.
Speaker 3: Yes, exactly, in a kind gentle way.
Speaker 2: So we've had good weeks? Have we really good week?
Speaker 2: Good to hear. I'm very excited. Let's dive straight in.
Speaker 2: I really want to know, miss Jess. I got to
Speaker 2: do this last week and it was actually so much fun.
Speaker 2: I was kind of like, oh, hope just isn't around
Speaker 2: this week, so I get to do it again. But
Speaker 2: what were your favorite money wins and confessions from the
Speaker 2: community this week.
Speaker 4: My first money win this week comes from Aaron, who
Speaker 4: said money win, I wanted cocktail glasses for my Tea
Speaker 4: Swizzle birthday party on Saturday.
Speaker 2: Your GCE was a birthday.
Speaker 4: Very tempted to buy the Kmart glasses, but sixteen dollars
Speaker 4: for four was a no. So I went to the
Speaker 4: op shop and I got six glasses for four dollars
Speaker 4: and another six for six dollars.
Speaker 3: So she got you win twelve for ten dollars. Whoa,
Speaker 3: that's so good.
Speaker 4: Good quick math ado not the fastest, but we got there,
Speaker 4: and well we did it.
Speaker 2: We got there. Speaking about getting there, I really don't
Speaker 2: think my invite to the Tea Swizzle party got there? No?
Speaker 4: What he again, Mustard must miss my inbox?
Speaker 2: What do you think people? Do you dress up at
Speaker 2: a tea Swizzle birthday party?
Speaker 3: Surely?
Speaker 2: Yeah?
Speaker 4: Sure, you pick your favorite error or your favorite outfit.
Speaker 3: What's tea Swizzle?
Speaker 2: Wait? Sorry, I was Are you done?
Speaker 4: Ignore me?
Speaker 3: Actually immediately you're both of your faces were kind of scary.
Speaker 1: Do it?
Speaker 3: Literally stopped and turned very slowly towards me.
Speaker 2: I thought she was doing it, bade us. I did
Speaker 2: realize it was a bit.
Speaker 3: I wish it was a bit.
Speaker 2: Be yes, you literally work for a radio six swizzled
Speaker 2: tea Swizzle tea pain wrapping on the same track. Now
Speaker 2: we're talking about Taylor Swift definitely okase, she's onto it.
Speaker 2: You know what's slower than Chess's quick mass you what
Speaker 2: else you got?
Speaker 4: Next, I've got a win from Karen, who said, after
Speaker 4: binging and starting my shoes and the money journey, I
Speaker 4: paid off my after pay.
Speaker 2: Congrats and welcome to the family.
Speaker 4: You know, I also figured out what I want to
Speaker 4: be when I grow up after a lifetime of being indecisive.
Speaker 3: How cool.
Speaker 2: That's actually the best win ever. That's a life win.
Speaker 4: Yeah, and now I'm really curious, So Karen, please to
Speaker 4: prop back, please, Next, I've got a money win from
Speaker 4: a character.
Speaker 2: Was it Karen? She wants to be the manager.
Speaker 3: Car o n okay?
Speaker 2: Oh, she wants to be She doesn't want to be
Speaker 2: the manager.
Speaker 3: She doesn't want to be that.
Speaker 2: She probably wants to be zoologist.
Speaker 3: Something you fancy that.
Speaker 4: Moving on, Next, money whin I've got is from Amanda,
Speaker 4: who said, I finally gave in and took my sixteen
Speaker 4: year old op shopping, walked out with a Robovac for
Speaker 4: fifty dollars.
Speaker 2: That's a money win.
Speaker 4: Purchased a replacement filter pack with new brush rollers and
Speaker 4: stuff for one hundred and now I'm the proud owner
Speaker 4: of what would have cost almost six hundred dollars for
Speaker 4: the same model.
Speaker 2: That's a money wow. That is a great win. That
Speaker 2: is a great robot fact will change your life. My
Speaker 2: name's like my Robovac. Its name's Jeeves, and like Jeeves
Speaker 2: is quite dramatic.
Speaker 3: But she remember we stuck googly eyes on it?
Speaker 2: Yeah, like really big one was I meant to take
Speaker 2: them off.
Speaker 3: I will find you.
Speaker 2: There's a whole video of the Instagram.
Speaker 3: Yeah, it's very funny.
Speaker 4: I'll show you after next I've got a money win
Speaker 4: from Linda, who said I'm a third year nursing student
Speaker 4: and currently on my last placement. Parking at the hospital
Speaker 4: is expensive. There is a concession and student rate. Normally
Speaker 4: parking would cost twenty five dollars for eight hours. For
Speaker 4: the public, concession is only eight. I also ended up
Speaker 4: getting free parking one day because my Apple pay got
Speaker 4: declined and I rang for assistance, and after what felt
Speaker 4: like five minutes of delay, the security guy just let
Speaker 4: me go.
Speaker 2: Oh, that's a money win. But also, are you joking
Speaker 2: you as a baby nurse. No, but like you should
Speaker 2: not be paying for parking. You already are doing so
Speaker 2: many hours of unpaid work, and now you also have
Speaker 2: to pay for parking. You have to pay for the
Speaker 2: privilege in the bin. I have so many thoughts about that.
Speaker 2: We should do a whole episode, Jess about the system
Speaker 2: that I do not believe in paid unpaid sorry intern
Speaker 2: shep h unpaid placements because in twenty twenty three that
Speaker 2: I knew there's such privilege in it. Like what if
Speaker 2: people want to become a nurse, but you moved out
Speaker 2: of home at sixteen and don't have the capacity to,
Speaker 2: you know, go and do unpaid work because it's just
Speaker 2: not within the breadth of your budget.
Speaker 3: One hundred and twenty bucks.
Speaker 4: If you're working five days a week just on parking.
Speaker 5: That's insane.
Speaker 2: That's insane, and you have to meet a certain amount
Speaker 2: of Anyway, we're not going to even get there.
Speaker 3: Don't get on the rent off, get off the ranch
Speaker 3: train and save it for later.
Speaker 2: That is not a deep dive episode, Victoria.
Speaker 4: Next, I've got a money in from Brook who said
Speaker 4: I used shop back to buy two hundred dollars in
Speaker 4: vouchers for the Iconic as a gift to myself. Gen
Speaker 4: use shot back earnings entirely to pay for them, and
Speaker 4: then I made twenty bucks cash back on my purchase.
Speaker 2: That's great.
Speaker 4: Gamed the system incredible. And lastly, I have a money
Speaker 4: win from Natalie who said I took my parents out
Speaker 4: for Italian for Father's Day dinner. We didn't order dessert.
Speaker 4: We grabbed eighty cent macis cones on the drive home instead.
Speaker 4: Biggest serving ever. And I wanted to bring this to
Speaker 4: your attention because Natalie gave us a phone. It's chocolate
Speaker 4: and vanilla in one I'm sorry, what cool they do?
Speaker 2: The tone?
Speaker 3: Did anybody else know that this?
Speaker 4: Know that?
Speaker 2: I don't know where that is, either because the cones
Speaker 2: near my house or like a dollar So what in
Speaker 2: the money win?
Speaker 4: I don't know, but I need someone to tell me.
Speaker 3: Is this a thing?
Speaker 2: But they now have chocolate soft serve and this has
Speaker 2: just gone above our heads.
Speaker 4: Well, and this one is chocolate vanilla swelled together.
Speaker 2: The ess is like I need them both. I don't
Speaker 2: just need a chocolate. Do you remember chocolate from Wendy's?
Speaker 2: Oh my god, Wendy's was so od. That was the
Speaker 2: best ice cream.
Speaker 3: I don't know.
Speaker 2: So you remember Wendy's the hot dogs?
Speaker 3: Yes?
Speaker 2: Yes, yes, they used to have like a soft serve machine,
Speaker 2: and it was like I think it was like I
Speaker 2: think it was marketed as like a diet ice cream chocolate. Yeah,
Speaker 2: we don't stand diet ice cream, but I think it
Speaker 2: was marketed as like a lower fat option and so
Speaker 2: like the mums are around it. But I was obsessed chocolate,
Speaker 2: full stop, end of story. I don't care how calories
Speaker 2: it does or doesn't have. Of like, I'm there for
Speaker 2: the chocolate soft serves.
Speaker 3: Seriously incredible and that's my last money win for them.
Speaker 2: I love that. Thank you for that. I feel like
Speaker 2: I'm inspired.
Speaker 3: Drive through on the way home.
Speaker 2: I mean, I am planning on getting some sneaky chippies
Speaker 2: because I deserve them.
Speaker 3: You do.
Speaker 2: Everybody deserves some sneaky mac Is chippy. Absolutely, They're not
Speaker 2: a money win though, Beck. Yes, what have you got
Speaker 2: this week for your broke tips?
Speaker 3: Okay, strap in, Oh, actually nothing super exciting. I'm sorry
Speaker 3: to get your hopes up, but I would say very useful.
Speaker 2: So that's the best kind of broke tip, let's be honest,
Speaker 2: best kind of broke tip.
Speaker 3: My first broke tip for this week comes from Emily,
Speaker 3: who has said for those with babies, there are lots
Speaker 3: of free things to do with babies run by the
Speaker 3: library's council's community centers to take babies too, like sing time, playgroups,
Speaker 3: baby massage courses that are sometimes one hundred and.
Speaker 2: Fifty dollars privately. That's kind of cool, is really cool.
Speaker 2: I didn't even know that was the thing. But you
Speaker 2: can alway because noone at this table has babies.
Speaker 3: Yeah, exactly, but still for anyone listening who does have
Speaker 3: little babies, but basically the council pays for them. It's
Speaker 3: a great way to meet new parent friends or go
Speaker 3: with friends instead of going to a brunch or something
Speaker 3: that's more expensive. And it really smart to get out
Speaker 3: of the house while on parental leave when the money
Speaker 3: is often tight.
Speaker 2: Yeah, because if you're on parental leave, you're either being unpaid,
Speaker 2: like you're maybe down to one income or have unpaid
Speaker 2: leave completely, or maybe you're like on half pay or something,
Speaker 2: and money is tight. And what you forget is that
Speaker 2: like nappies and baby basics are actually really expensive and
Speaker 2: do eat into your budget totally. Do you know a
Speaker 2: hack obviously complete side note a hack that one of
Speaker 2: my girlfriends did recently at a baby shower, and I
Speaker 2: just thought it was so smart. So they didn't find
Speaker 2: out the gender they were having like a baby shower
Speaker 2: that was also the gender reveal, and they said, bring
Speaker 2: wipes if you think it's a boy, and bring nappies
Speaker 2: if you think it's a girl.
Speaker 3: That's great.
Speaker 2: So she like got to stock up on all these
Speaker 2: basics she actually needed instead of like six million qued outfits,
Speaker 2: which I guarantee she's already bought and I already bought
Speaker 2: for her, so she didn't need outfits, but she definitely
Speaker 2: needed nappies and she definitely needed wipes.
Speaker 3: And I was like, yeah, that's very clever.
Speaker 2: So that's my that's my input to the broke tip.
Speaker 2: I ask for what you need?
Speaker 3: Is it ask for you need to exactly? You have
Speaker 3: a little registry.
Speaker 2: I think that's smart.
Speaker 3: I love that. My second broke tip this week comes
Speaker 3: from Nicole, who says, buy Wooly salads when they are
Speaker 3: on sale for once two dollars on Friday afternoons. They
Speaker 3: are still fine for a few days for lunches and
Speaker 3: dinners over the weekend and to start off your work week,
Speaker 3: and they are a quarter of the price as well,
Speaker 3: so that's pretty cool. I didn't even know they did that.
Speaker 3: Good to know what day?
Speaker 2: Well, actually, yeah, to know that it's like a Friday.
Speaker 2: It might be different for different locations, but maybe have
Speaker 2: a snoop. Also, shopping close to nine pm when they
Speaker 2: do their mark downs is a good time.
Speaker 3: Sweeping and gather the deals.
Speaker 2: Do you know what else is really good that I've
Speaker 2: learned recently from TikTok. I feel like all I do
Speaker 2: is talk about TikTok on this podcast. This is basically
Speaker 2: she's on TikTok, not she's on the money. Is you
Speaker 2: can buy those cheap salad mixes, but if you get
Speaker 2: the coal slaw one, you can just use it in
Speaker 2: a stir FRYE. It's like fry based because obviously like
Speaker 2: cabbage and carrot and all of that stuff you put
Speaker 2: in a stir fry. Like, if it's so much down,
Speaker 2: there's your sturfry for real cheap.
Speaker 3: That's clever.
Speaker 4: Kay.
Speaker 2: What have you got though? What's your actual broke tip?
Speaker 2: Because I feel like I've interrupted with a few sneaky
Speaker 2: ones this week.
Speaker 3: Sorry not sorry, So my one for this week is
Speaker 3: have you guys heard of E Club? It's an app? No,
Speaker 3: it's like ad of it?
Speaker 2: Yes, but I can't remember what they do. That's fair.
Speaker 3: Sorry, Well, I actually hadn't heard of it, but my
Speaker 3: friend was telling me about how she went to. It's
Speaker 3: basically an app where you can search like locations around
Speaker 3: your restaurants, foody sort of places, and see what kind
Speaker 3: of deals they've got going on. You might be able
Speaker 3: to find a fifty percent off whole meal or whatever
Speaker 3: you've got. You have a little peruse on the app
Speaker 3: if you're wanting to go out. It's more so like
Speaker 3: you're broke, but you're not too broke that you can't
Speaker 3: go out with mates, but you still want to not
Speaker 3: spend too much money. That's going to club, find what's
Speaker 3: around you, see what's cheap, see what's on special last
Speaker 3: minute deals, and you might find yourself a very cheap,
Speaker 3: affordable night out.
Speaker 2: Love that now, I think that's genius. I am a
Speaker 2: little bit disappointed that you weren't going to tell us
Speaker 2: there was a club that existed purely for eating. Like
Speaker 2: there's chest Yeah, like just like Boots and all In.
Speaker 2: I mean we steal Boots and all In, just in
Speaker 2: a different way. The excitement is quite different.
Speaker 3: Yeah, that's fair, but I.
Speaker 2: Think that's really cool.
Speaker 3: Yeah, it's really cool, so download it right now so.
Speaker 2: You can just save money when you were already going
Speaker 2: to catch up and go out with friends.
Speaker 3: Exactly.
Speaker 2: Money in all right, let's go to a really quick
Speaker 2: break because on the flip side, we have a juicier topic.
Speaker 2: And when I say juicy, I don't mean like juicy
Speaker 2: like a steak. No, I don't mean you see, like
Speaker 2: a steak. I mean like it's probably going to be
Speaker 2: a bit meaty. So I want to like leave enough
Speaker 2: time to talk about it because we're talking about Medicare rebates,
Speaker 2: and then we're also going to be unpacking a DM
Speaker 2: that you guys wanted us to chat about on the show.
Speaker 2: This week. We're talking buying gifts in relationships. So don't
Speaker 2: go anywhere. We will be right back.
Speaker 4: Welcome back, everybody. Let's take a listen to this week's
Speaker 4: money dilemma.
Speaker 2: Hi, there, have you got a money dilemma you just
Speaker 2: can't solve? The 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 5: Hey, girls, I was just wondering if you understand the
Speaker 5: Medicare safety net threshold. I've currently just had an overwhelming
Speaker 5: amount of medical bills all come at the same time
Speaker 5: due to multiple injuries and illnesses, and you know, when
Speaker 5: it rains, it pause, it seems. But yeah, I'm just
Speaker 5: wondering if you know much about the Medicare safety net
Speaker 5: threshold and how I can and sort of try and
Speaker 5: get some money back or save where I can with
Speaker 5: all of these upcoming expenses such as specialists and GP
Speaker 5: appointments and scans and everything like that. Thank you.
Speaker 2: This is a good one to either of you know
Speaker 2: anything about the Medicare rebate thresholds.
Speaker 4: I've literally never heard of it. But I do want
Speaker 4: to say that I hope that you're doing okay. But
Speaker 4: you sound stressed, and I can understand how if you've
Speaker 4: had a lot of health stuff going on, the last
Speaker 4: thing you want to be doing is thinking about your
Speaker 4: finances as well. So I just hope you're doing okay
Speaker 4: and that your health is sticking along.
Speaker 3: All right, Yes, I do agree. I feel the same way.
Speaker 3: I hope that you're doing okay. I don't know if
Speaker 3: this is relevant, and obviously I don't have any advice
Speaker 3: at all. But if you use health engine or like
Speaker 3: hot doc or something, you can find bulk billing places
Speaker 3: around you. So I don't know if it's useful. I
Speaker 3: don't actually depends on what kind of appointment, who you're
Speaker 3: trying to see, etcetera, etcetera, but you can kind of
Speaker 3: like filter your search that way. That's it from me.
Speaker 3: I feel like we should go to the expert in
Speaker 3: the room.
Speaker 2: Oh great, I mean I had to look this up.
Speaker 2: I don't know what the thresholds are, but they're are
Speaker 2: a number of numbers we are going to discuss. So essentially,
Speaker 2: Medicare safety nets do have thresholds. So when you essentially
Speaker 2: spend a certain amount in gap and out of pocket
Speaker 2: costs on medical you're going to reach a threshold at
Speaker 2: some point. So once you've reached the threshold, you're actually
Speaker 2: going to start getting higher benefits from Medicare because they're like, oh,
Speaker 2: stuff's really hitting the fan here. We need to give
Speaker 2: just a bit more help in this circumstance. And this
Speaker 2: means that you'll essentially get more money back from Medicare,
Speaker 2: So like that's a good thing. Yeah, I think I
Speaker 2: thought it would be the other way. I was going
Speaker 2: to say, you guys might have assumed that once you
Speaker 2: reach a threshold, it's going to get more expensive because
Speaker 2: you're no longer covered. No, it's actually the opposite. A
Speaker 2: safety net exists to go, oh my gosh, you've been
Speaker 2: scooped up in an illness and this is all consuming
Speaker 2: and overwhelming. It's the government's way of going, we can't
Speaker 2: offer super super discounts to absolutely everybody, so we'll just
Speaker 2: do the normal Medicare rebates for everybody. But if everything
Speaker 2: is going really badly and you reach your threshold, that
Speaker 2: then means that you're going to get a little bit
Speaker 2: of extra support, which is definitely well needed at that
Speaker 2: point in time. Right, It can be really confusing, and
Speaker 2: I think that that's where this question is coming from.
Speaker 2: I don't know if you're coming from a position where
Speaker 2: you know once you hit that threshold it's going to
Speaker 2: actually ramp up what you get back, or if you're
Speaker 2: worried that a threshold means it's going to get more expensive.
Speaker 2: So That's why I wanted to kind of be like,
Speaker 2: this is what this means. So essentially, only verified payments
Speaker 2: contribute towards that threshold, So you'll have to talk to
Speaker 2: Medicare about what that means and how that works. But essentially,
Speaker 2: you know, if you're just going to get a remedial
Speaker 2: massage down the road and you think that's going to contribute,
Speaker 2: it might not. It might be things like the PBS,
Speaker 2: so the Pharmaceutical Benefits scheme, so medications, you know, genuine
Speaker 2: hospital check ins. It might be very real things that
Speaker 2: are a bit more than a remedial massage. And I'm
Speaker 2: not saying that because they are definitely excluded. This is
Speaker 2: something where please rely on the Medicare team. Call them,
Speaker 2: talk to them, give them a buzz and be like,
Speaker 2: what's this mean? What's included? How does it work? Like
Speaker 2: what happens when I hit the threshold? Like do we
Speaker 2: communicate that? How do I ask for more back? Obviously
Speaker 2: all of this is actually managed through your mygove portal online.
Speaker 2: We love, actually's on the money, the mygove portal because
Speaker 2: it's just so easy to use. But if you haven't
Speaker 2: already set it up for Medicare, please do because it
Speaker 2: will enable you to make sure that for every appointment
Speaker 2: that you're getting, you're actually getting your cash back. And
Speaker 2: in a circumstance like this, you want to make sure
Speaker 2: that you know things aren't slipping through the cracks. And
Speaker 2: if you have a medical expense, and you know, the
Speaker 2: receptionist at the doctor's surgery said, oh, Beck, don't worry,
Speaker 2: like we'll process the Medicare for you. What if it
Speaker 2: doesn't happen Like those small things can add up when
Speaker 2: you're going to the doctors all the time, and I
Speaker 2: mean they're usually pretty regular, but you do want to
Speaker 2: stay on top of it. So the amounts that are
Speaker 2: contributing towards the threshold they change on the first of
Speaker 2: January every single year. It's important to note that because
Speaker 2: I think a lot of people line up anything through
Speaker 2: their Mygove portal with tax you and just assume that, oh,
Speaker 2: it must be mid year. It's not. It's the first
Speaker 2: of January each and every single year. And the twenty
Speaker 2: twenty three Medicare Safety Net thresholds are as follows, my friend.
Speaker 2: So the original Medicare Safety Net threshold or the OMSN,
Speaker 2: which would appear on the portals as is five hundred
Speaker 2: and thirty one dollars seventy who's at four. Absolutely everyone
Speaker 2: who uses Medicare counts towards the threshold your gap amount
Speaker 2: for the calendar year and what benefit are you going
Speaker 2: to get. You're going to get one hundred percent of
Speaker 2: the scheduled fee for out of hospital services, so that's
Speaker 2: a bit of a money win. Then there's extended Medicare
Speaker 2: Safety Net, so that's when your fees start to really
Speaker 2: add up. So that's twenty four hundred and fourteen dollars. Again,
Speaker 2: that benefits everybody who's in Medicare. Everyone. When I say
Speaker 2: everyone who's in Medicare, that's usually Australian residents and Australian citizens.
Speaker 2: If you're not an Australian resident or citizen, you might
Speaker 2: not have access to Medicare, and that's often one of
Speaker 2: the benefits of becoming a citizen of Australia rat So
Speaker 2: what contributes towards that your out of pocket amount for
Speaker 2: the calendar years, so again from the first of January
Speaker 2: and what are you going to get back? It then
Speaker 2: drops down, so then eighty percent of out of pocket
Speaker 2: costs or the EMSN benefit caps for out of hospital
Speaker 2: services that obviously is going to change again. If you
Speaker 2: are on a concessional or family benefit tax that amount
Speaker 2: is seven hundred and seventy dollars and thirty cents And
Speaker 2: that's essentially for concession cardholders and families who are eligible
Speaker 2: for the Family Tax benefit Part A. Jessica, I know
Speaker 2: your eyes are glazed over. I'm sorry. This is really important. Again,
Speaker 2: the same thing contributes towards it, and that's eighty percent
Speaker 2: of the out of pocket costs of the EMSM benefits
Speaker 2: caps for out of hospital services. So I think it's
Speaker 2: important to understand these caps and what they mean. Essentially,
Speaker 2: the safety nets exists to put you in the best
Speaker 2: possible position and make sure that you're a wi of
Speaker 2: when you'll be getting more money back for your Medicare services.
Speaker 2: I guess a Medicare benefit is the dollar amount that
Speaker 2: they pay when you make a claim for a medical service.
Speaker 2: Usually it's between eighty five to one hundred percent of
Speaker 2: the scheduled fee, and a scheduled fee is the dollar
Speaker 2: amount that the Australian government sets That is not what
Speaker 2: your doctor charges though, so you need to be really
Speaker 2: clear on what the difference is so you know how
Speaker 2: we talk about like bulk billing versus not bulk billing.
Speaker 2: If the scheduled fee, let's just say, is one hundred dollars,
Speaker 2: but your doctor charges one hundred and fifty dollars, that
Speaker 2: doesn't cover the gap. So you need to be really
Speaker 2: clear about that. And that's something where if your medical
Speaker 2: fees are starting to really add up. Something I would
Speaker 2: do is if you're seeing a GP or you're seeing
Speaker 2: a specialist regularly sit down and go, hey, this is
Speaker 2: getting really expensive. I'm going to have to consistently utilize
Speaker 2: your services. What can I do to either make my
Speaker 2: appointments a little bit shorter so that I'm not paying
Speaker 2: as much? Like, is there you know a way that
Speaker 2: we can cut the small chat getting get out, I
Speaker 2: get the tests, maybe you email me scripts or something.
Speaker 2: What can we do or at what point are you
Speaker 2: able to bulk build me for this so that there
Speaker 2: isn't an out of pocket cost. I think in these
Speaker 2: circumstances it's really awful. It really sucks. But communication is
Speaker 2: going to be the key. Communicate with your doctor and
Speaker 2: most of them are going to be pretty understanding because
Speaker 2: they know that during a period of time where you're
Speaker 2: really sick, you're probably not working that often, and things
Speaker 2: are going to be a little bit tighter because no one,
Speaker 2: you know, we've all got hopefully we've got or we're
Speaker 2: working towards, or we are aspiring to have emergency funds,
Speaker 2: but not many of us are going to have twenty
Speaker 2: five hundred bucks sitting in an account for when we
Speaker 2: get sick, Like that's not that common. I know we've got,
Speaker 2: you know, maybe three months worth of our expenses, but
Speaker 2: we don't have three months worth of medical expenses. So
Speaker 2: I think it's just about making sure that we understand
Speaker 2: what our fees are. You can obviously search what a
Speaker 2: scheduled fee should be on their MSB, so that's all
Speaker 2: the website. You can access that through the MyGov website.
Speaker 2: And actually, you know, every session in doctor's appointment will
Speaker 2: actually have what's called an item number, so you can
Speaker 2: look that item number up and see what that fee
Speaker 2: should be, and you could even negotiate with your doctor
Speaker 2: and go, hey, what can we do? How can this work? Like,
Speaker 2: you know, if things are getting really expensive, maybe transfer
Speaker 2: to a different doctor who does bog bill. It's not
Speaker 2: the most helpful because obviously medical costs are something that
Speaker 2: you can't really get out of, but I think open
Speaker 2: clear communication where possible, building up your emergency fund so
Speaker 2: you're not so financially stressed and just putting yourself first. Again,
Speaker 2: this is a season, it is not forever, hopefully.
Speaker 4: If you have more questions about medihair and if you
Speaker 4: qualify for those different caps or where you're sitting or
Speaker 4: the breakdown or anything like that, you can contact Services
Speaker 4: Australia directly on their website. You can email them, or
Speaker 4: you can call them and they should be able to
Speaker 4: answer your questions.
Speaker 2: They have a very good website to be honest, just
Speaker 2: really clean, really clear. They'll you know, have a number
Speaker 2: of questions. Often I Google Service is Australia and then
Speaker 2: the question I have and it will automatically come up
Speaker 2: with the page that I'm looking for instead of like,
Speaker 2: you know, going through the whole website. But yeah, that's
Speaker 2: where I would be. I'm so sorry that you're not
Speaker 2: well and it's just a really not fun period to
Speaker 2: be in. But the safety net is there to protect
Speaker 2: you and the best thing you can do is get
Speaker 2: in contact with Medicare and be like, at what point
Speaker 2: do I hit this how does this work, what happens
Speaker 2: when I go over it, what happens here, here, and here?
Speaker 2: And they're probably going to have some really helpful tips
Speaker 2: and tricks because they do this every day.
Speaker 3: Sending lots of love. Yeah, that's very key.
Speaker 2: Yeah, we hope you're all right. That sucks does all right,
Speaker 2: let's pivot. Let's move because there's no good segue from that.
Speaker 2: Let's move on to the other topic that we've got
Speaker 2: to talk about this week. You slid into our DMS
Speaker 2: about a spicy topic. I don't know if it's that spicy,
Speaker 2: but it's something we should definitely talk about. Because my
Speaker 2: partner and I are never on the same page about this.
Speaker 2: We try, we try again, and then we don't do
Speaker 2: anything about it. So we're talking this week about buying
Speaker 2: gifts in relationships, and here's the DM we receive. Hello you,
Speaker 2: lovely people. I'm after your opinion on buying gifts and relationships.
Speaker 2: My partner buys me such extravagant gifts, but I don't
Speaker 2: spend nearly as much on them. They are more of
Speaker 2: a splash cash kind of person, whereas I'm a strict saver,
Speaker 2: whilst they are on a higher income It just doesn't
Speaker 2: sit right with my money values to spend so much
Speaker 2: on materialistic things, and I rather that they save their money.
Speaker 2: But how am I meant to tell them that when
Speaker 2: they're trying to do something really lovely for me? It
Speaker 2: just makes me feel super guilty, and then I feel
Speaker 2: more pressure to spend more money on them. Do you
Speaker 2: think that introducing a spending limit for presents is a
Speaker 2: good idea in our relationship? I just don't want them
Speaker 2: to think that I'm ungrateful.
Speaker 1: Hmmmm.
Speaker 4: It's a tricky one.
Speaker 3: It's a good topic thing, It's a really good topic. Like,
Speaker 3: first of all, does a couple share money? If not, Oh,
Speaker 3: that's a good question. Does our listener maybe make less
Speaker 3: than their partner or vice versa or whatever? You know
Speaker 3: what I mean? Like, does their spending habits directly impact
Speaker 3: the person who's writing to us? It doesn't say.
Speaker 2: It doesn't say so.
Speaker 3: That's through it gets a little bit tricky. It doesn't
Speaker 3: say any thing like not only that, let's say it
Speaker 3: doesn't impact at all this person's spending capabilities. If they're
Speaker 3: spending a lot of money on gifts, it's still at
Speaker 3: the end of the day, puts a lot of pressure
Speaker 3: on the other person who's not spending as much money.
Speaker 3: I've definitely been on the receiving end of extravagant gifts.
Speaker 3: Not to brag.
Speaker 2: Or what's the most extravagant we need to go off
Speaker 2: on the side, yes, and I need to know.
Speaker 3: I'm literally just I'm actually gonna just use me and
Speaker 3: I'm always using me and Live as an example, because
Speaker 3: we're like relationship in a relationship, but like you've actually
Speaker 3: like it, but we do hack like carently we'd make
Speaker 3: a real hot coup all though, will you well that
Speaker 3: would I think we're unfortunately not able to do that.
Speaker 2: We don't see but you're like, we're friends and that's it,
Speaker 2: but thanks, we look hot toe.
Speaker 3: I kind of feel like siblings at this point, but no, like,
Speaker 3: you know, Live makes a decent amount of money and
Speaker 3: is comfortable spending money for my birthday and if I'm
Speaker 3: not really there, I literally have. Last year, I borrowed
Speaker 3: a thousand dollars from her so I could buy her
Speaker 3: a really good present and I feel like a little
Speaker 3: baby as was also like just for me to leave
Speaker 3: as well, so it was like kind of like I'm
Speaker 3: buying your presents also it's going to be a big
Speaker 3: weekend where we're going out and doing all these things.
Speaker 3: And also I don't have enough money to make it
Speaker 3: to the end of the pay cycle, so I just
Speaker 3: said send me. But yeah, so there have been times
Speaker 3: that has happened. But we have put gift like limits
Speaker 3: on what we're giving each other because it does tend
Speaker 3: to get out of hand, Like if she spends two
Speaker 3: hundred dollars, I'll spend I love that you have a.
Speaker 2: Friend that you just like love so much.
Speaker 3: I don't know how this happened, but she's you know,
Speaker 3: she's my favorite person in the world anyway. But yeah,
Speaker 3: so we will tend to put like little caps on
Speaker 3: our gifts. Otherwise it makes the other person feel pressure
Speaker 3: to end up spending that much money, you know. So
Speaker 3: I guess that's maybe what you could do to have
Speaker 3: a little conversation about more how it's affecting your own
Speaker 3: like making you feel a little bit pressure to spend
Speaker 3: that much, you know what I mean.
Speaker 4: Not that you're own grateful, it's just that you can't
Speaker 4: keep counting match it.
Speaker 3: You can't match it, you don't want to or you
Speaker 3: don't want to.
Speaker 2: Yeah, no, that's fair. I want to ask a perfect question.
Speaker 2: I know you and your partner semi share money like
Speaker 2: you do, but you don't, but you do, but you don't.
Speaker 2: Where's your present budget come from? Like is that individual
Speaker 2: or is that something that is shared costs?
Speaker 4: Our only shared costs really are bills and groceries like
Speaker 4: things that we actually yes splitting, Like, we don't share
Speaker 4: money for other things. So gifts come out of our
Speaker 4: own budget and we always tend to like we've never
Speaker 4: spoken about it, but it's just always kind of been.
Speaker 4: We spend around the same amount of money on each other,
Speaker 4: and obviously the longer that we've dated, that budget has grown.
Speaker 2: But so longer term relationships are more expensive.
Speaker 4: From my serious, if we've been dating for three months,
Speaker 4: I'm not dropping.
Speaker 2: The present that you have to get them for the
Speaker 2: wedding floor.
Speaker 3: Yeah, seriously, I.
Speaker 2: Will never financially recover from this so expensive.
Speaker 4: So I think that it's going to vary coupled couple
Speaker 4: and how you manage your finances and your perspective on things.
Speaker 4: I guess the other thing to consider is like values
Speaker 4: as well. So, like we've spoken before about how like
Speaker 4: the and I, you and I are both like big
Speaker 4: gift givers. I love giving gifts, like that's a huge
Speaker 4: value to me. Whereas this person it sounds like they
Speaker 4: don't care for it as much, like they appreciate the thought,
Speaker 4: they appreciate the effort, but it sounds like they're kind
Speaker 4: of saying, oh, like I don't really want them to
Speaker 4: spend that money, like I don't.
Speaker 3: Care about it that much.
Speaker 4: Whereas the person who's giving the gift, it might be
Speaker 4: to them they're going, oh, but I love you so much,
Speaker 4: I want to give you something because to me, this
Speaker 4: demonstrates to you how much I love you. So it's
Speaker 4: not even just about how you view it financially, but
Speaker 4: I think also like how you view it as an
Speaker 4: expression of love. YEA.
Speaker 2: Love languages, Yeah, like conversation to go and we talk
Speaker 2: about it a lot, or we have historically talked about
Speaker 2: love languages a lot on the podcast, and I think
Speaker 2: it's important to discuss because they tie so deeply to finances.
Speaker 2: So obviously, like the gift giving thing, Yes, it can
Speaker 2: be a reflection of love, but it can also be
Speaker 2: something that's detrimental. Like you could be like Jess and
Speaker 2: I and love giving gifts but also have no gash
Speaker 2: for it, but still give gifts and then get yourself
Speaker 2: into a financial pickle. I think if it was me,
Speaker 2: I would probably want to start where you're saying, yess,
Speaker 2: like understanding your love language. Like you know, you might
Speaker 2: be someone where a gift giving doesn't matter so much
Speaker 2: and your partner might actually still want to get you
Speaker 2: those expensive gifts. And I think that that's where a
Speaker 2: good conversation of like, oh, well, what is your love language?
Speaker 2: Oh my gosh, you don't know, Beck, how we do
Speaker 2: this online survey and just see what your love language
Speaker 2: is and then we can have this that makes so
Speaker 2: much sense, yess as to why you always buy me
Speaker 2: beautiful gifts and why I'm always trying to make you
Speaker 2: tea and toast in the morning. So I think it's
Speaker 2: it's understanding your relationship and where you're coming from. Because
Speaker 2: as much as you, I think this immediately goes to Okay,
Speaker 2: we probably should set a budget and you know, say, okay, Jesse,
Speaker 2: if I spend one hundred dollars on you, you can only
Speaker 2: spend one hundred dollars on me. We'll call it that. Well,
Speaker 2: that might not work as well, because I might really
Speaker 2: want to get Jess a present, But Jess might really
Speaker 2: want to do this beautiful weekend that costs not much
Speaker 2: but has so much time and energy and thought and
Speaker 2: is all about spending personal time together. And that's where
Speaker 2: your values are. So I think if you're in a relationship,
Speaker 2: it's not tit for TAT. I don't think just because
Speaker 2: you spend one hundred dollars, I should spend one hundred dollars.
Speaker 2: I think understanding your love language is so important. And
Speaker 2: you know, as I'm talking about this, I'm thinking about
Speaker 2: my relationship. I'm definitely a gift giver like that is
Speaker 2: I just really like it. It's really fun. Yeah, my
Speaker 2: husband is a quality time and active service kind of guy,
Speaker 2: Like I can guarantee that for my birthday, he'll be
Speaker 2: thinking of things he can do for me, not things
Speaker 2: he can buy for me. In fact, he never knows
Speaker 2: what to get me. He's the first person to pop
Speaker 2: up in Jess's DMS, come close to you and like, Hey,
Speaker 2: what should I get for Tori. I've got no idea.
Speaker 2: But he'll always be like, Oh, I've taken the morning
Speaker 2: off work, I want to take you out for breakfast.
Speaker 2: I've made you a cup of tea. I've done all
Speaker 2: of these things and like, to him, that's his love
Speaker 2: language and I adore it. But I think really understanding
Speaker 2: that because you know, my love language and the love
Speaker 2: language I want to receive might be different to that.
Speaker 2: And if there's a disconnect in that, then you go, oh,
Speaker 2: he always just throws money at the problem. He always
Speaker 2: just buys lots of big, expensive gifts when maybe you're
Speaker 2: not recognizing that that's actually his love language and that's
Speaker 2: the way that he sees, you know, showing you love. Sure,
Speaker 2: but you want to accept something different, and he actually
Speaker 2: needs to learn that so that he can show you
Speaker 2: love in a way that you really want to accept it.
Speaker 4: They might not realize that it makes you uncomfortable either,
Speaker 4: because it sounds like from this message that the inability
Speaker 4: or the fact that you don't want to spend as
Speaker 4: much is putting you a bit on edge, which if
Speaker 4: your partner then realized that you were feeling that way,
Speaker 4: they then might feel bad.
Speaker 3: So it's like a you need to talk, really, yeah,
Speaker 3: we need to have a.
Speaker 2: Chat and work it out because as much as it
Speaker 2: you know, in this circumstance, it actually might be the
Speaker 2: best solution to set a budget for each of you
Speaker 2: because both of you have the same values and goals,
Speaker 2: and you're like, the I don't want to talk about
Speaker 2: this fluffy love language stuff doesn't make sense to us.
Speaker 2: I just want to cap dress out. One hundred bucks,
Speaker 2: yes on you, one hundred bucks on me, call it
Speaker 2: a day. That's what we do for presents. That might
Speaker 2: be really good, But I think having these deeper, fluffy
Speaker 2: chats can actually lead to more wholesome outcomes. So yeah,
Speaker 2: we got that DM. We did ask the community a
Speaker 2: few questions. Do you want to hear what they had
Speaker 2: to say?
Speaker 3: Always?
Speaker 2: So, First we said how do you and your partner
Speaker 2: purchase gifts? Forty percent of you said, we set a number,
Speaker 2: so we spend the same amount. Sixty percent of you said,
Speaker 2: there's no limit. We spend as much as we feel
Speaker 2: is right. I'd be interested to know more about that that, like,
Speaker 2: if you spend whatever, what does that mean. The next
Speaker 2: question we asked was how would you feel if your
Speaker 2: partner spent more on you? Thirty nine percent of you
Speaker 2: said guilty, and then I feel a lot of pressure
Speaker 2: to spend more on them. Sixty one percent of you
Speaker 2: though not guilty. That it's their choice.
Speaker 3: That's kind of how I feel.
Speaker 2: Get it, que But you chose this life. Yeah, yeah, yeah,
Speaker 2: you chose to go to the shops and buy that
Speaker 2: that's not on me. I'm so glad you think I'll
Speaker 2: like it. But that doesn't not mean I'm spending five
Speaker 2: hundred bucks on you, because it's the thought that should count.
Speaker 2: Here's this card I made with texter.
Speaker 3: I coupon for one free dinner with me.
Speaker 2: Yes. I just assumed you were about to say one
Speaker 2: free foot massage, and I'm like, yes, I'm not that generous.
Speaker 2: So the next question we asked was do you think
Speaker 2: a spending limit is a good idea in a relationship.
Speaker 2: Eighty percent of you said yes, and then we asked
Speaker 2: for your two cents, as we always do, so here
Speaker 2: are some of the comments. One of you said, when
Speaker 2: I don't stick to mine, I actually end up feeling
Speaker 2: guilty and tend to feel guilty for a few weeks after.
Speaker 2: Do if you blow your budget on a friend, do
Speaker 2: you feel guilty? I mean, if it was impacting my budget,
Speaker 2: I think I would.
Speaker 3: Yeah, I'd feel stressed.
Speaker 2: Yeah that's fair, I feel guilty. Yeah, that's fair. Someone
Speaker 2: else said we have the same goals, having just bought
Speaker 2: our first home. So this makes it so much easier
Speaker 2: if there is a limit. Someone said, no guilt and
Speaker 2: everything is fair. Someone else said, we're married. So some
Speaker 2: years we spend a lot because it's a big birthday.
Speaker 2: Other years are just token years and we don't spend
Speaker 2: a lot. That's a good way to view it as well.
Speaker 2: That is good, come and go. The next year is
Speaker 2: my partner and I only set budgets for the big
Speaker 2: gifts like birthdays and Christmas. I don't get my partner
Speaker 2: presents any other times.
Speaker 4: Just because little present anniversary.
Speaker 2: I mean, what's a because present? Is that me going?
Speaker 2: You needed new jobs? So look how nice I am.
Speaker 2: I bought some because you're a male and I.
Speaker 4: Just knew you wouldn't that's the thing. Or is it like, oh,
Speaker 4: I bought you your favorite lolli because I was doing
Speaker 4: the shopping and I thought you were Like, but then
Speaker 4: is that a gift?
Speaker 3: Is that just that is?
Speaker 5: Yeah?
Speaker 2: I don't know, because I do that a lot. But
Speaker 2: I definitely am not the type of person that's like, oh, yes,
Speaker 2: Valentine is coming up, what are you getting your partner?
Speaker 3: Yeah, we're not.
Speaker 2: Getting a Valentine's gift from me, I already spent all
Speaker 2: my money buying heart shaped chocolate for my team.
Speaker 3: Sat down, all right.
Speaker 2: Someone else said, we have shared goals of saving for
Speaker 2: our future together, so it makes sense to have a
Speaker 2: set amount. Someone else said, we don't go over our
Speaker 2: shared gift for budgets. Someone said I am the primary
Speaker 2: income earner, so whatever he spends is actually my money.
Speaker 4: I kind of love that if you share, if you
Speaker 4: share finances, that's the case too, right.
Speaker 2: Yeah, I love it. Someone said someone's start to part
Speaker 2: one and part two, so part one spending limit, taking
Speaker 2: into account each other's financial positions at that time, and
Speaker 2: then part two says I'd rather get a twenty dollars
Speaker 2: present than a present that put my boyfriend in a
Speaker 2: stressful financial position over a present.
Speaker 3: Amen, Amen, I really like it.
Speaker 2: I also feel like i'd much prefer a present that
Speaker 2: just meant more.
Speaker 4: Yeah, footful, write me a song, Oh, write me a
Speaker 4: whole right direct produce.
Speaker 2: I would pay a lot for my husband not to
Speaker 2: do that, Like, oh, I can't think of anything worse
Speaker 2: than him singing or serenading to it. I'd be so awkward.
Speaker 2: Ud recoil someone said, we have a twenty dollars limit
Speaker 2: on Christmas gifts. It forces us to get very creative.
Speaker 3: Yeah, I like that fun.
Speaker 2: I think I've told you guys before that in our family,
Speaker 2: like Chris Kringle, we have handmade, second hand or homemade.
Speaker 3: Oh I love us.
Speaker 2: So you have to like either buy a second hand,
Speaker 2: make it in your kitchen or whatever, or like build
Speaker 2: something for them.
Speaker 3: Very fun.
Speaker 2: Yeah, So that puts a lot of pressure on it.
Speaker 2: And I had to start planning for Christmas in October
Speaker 2: because I'm like, I don't know what I'm going to do.
Speaker 2: Someone the all said no, seriously, a limit only ends
Speaker 2: up starting fights, and there's just a lot of people
Speaker 2: with a lot of expectations. I'm a bit of the
Speaker 2: opinion that, yeah, an amount can actually just set a
Speaker 2: realistic budget, especially if someone keeps going over. But if
Speaker 2: they keep going over on you, especially after you've had
Speaker 2: a conversation about a budget, I genuinely wouldn't worry too much.
Speaker 2: It might be because that's their love language and they
Speaker 2: just really love gifting new things, and we need to see.
Speaker 2: I don't think we should always feel guilty about accepting presents.
Speaker 2: Like sometimes it's really nice that someone thought of you,
Speaker 2: like that time and that energy and that effort to
Speaker 2: put it together. Like Beck, I don't know if you've
Speaker 2: ever received a present from Jess, but they're the best.
Speaker 3: Oh we did ones? Oh you did? You got these
Speaker 3: sensory toys.
Speaker 2: Oh yeah, that's right. I more mean like a birthday present,
Speaker 2: like you don't just get Oh hey, I bought you
Speaker 2: this coffee mug because it reminded me of you. She
Speaker 2: might buy the coffee mug, but it comes like in
Speaker 2: a basket with other things and it's like decorated and
Speaker 2: has bow's and stuff. Like the effort is elite.
Speaker 4: Friends with Jess Christmas would.
Speaker 3: Yes, that's so excited.
Speaker 2: I think that's all we have time for today. Guys.
Speaker 2: I've gotta go plan my Christmas present and we are
Speaker 2: going to see you on Monday. From Money Diary, have
Speaker 2: the best weekend, enjoy it all, and we'll see you then.
Speaker 2: Love you bye, guys.
Speaker 3: Bye.
Speaker 2: The advice shared on She's on the Money is general
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Speaker 2: on the Money exists purely for educational purposes and should
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