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Speaker 1: She's on the Money.

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Speaker 2: She's on the Money.

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

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Speaker 3: for millennials who want financial freedom.

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Speaker 1: My name is Georgia King.

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Speaker 3: I'm a copywriter and journalism student, and each week I

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Speaker 3: sit down and pick the brains of millennial money expert

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Speaker 3: Victoria Divine Victoria.

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Speaker 1: Hello, Hello George King.

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Speaker 3: Now today's show is one we've had requested a lot,

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Speaker 3: and that is what other saving hacks we swear by

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Speaker 3: and how can we change our mindsets to stop spending

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Speaker 3: frivolously and start spending smarter. That is a tongue twister.

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Speaker 3: Now we will also have a quick chat about the

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Speaker 3: psychology of saving and unpack why some people are good

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Speaker 3: at saving and others just aren't. Then later on we'll

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Speaker 3: be helping answer a question from a listener who is

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Speaker 3: a little confused about whether she should actually be saving

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Speaker 3: less and start spending more. But before we get there, Victoria,

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Speaker 3: let's chat through our money wins and confessions as we

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Speaker 3: always do. What if you got for me this week?

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Speaker 2: Georgia, You know when your products just start to dwindle,

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Speaker 2: like your foundation starts to run out at exactly the

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Speaker 2: same time as your moisturizer and shampoo and conditioner like

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Speaker 2: they never finish at the same time, but you can

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Speaker 2: guarantee that it's finishing at the same time as something

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Speaker 2: else expensive, and then you're looking at spending more than

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Speaker 2: you wanted to.

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Speaker 4: Instead of just picking up.

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Speaker 2: One product, you actually need to pick up three and

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Speaker 2: it's really challenging anyway. That's what's happening to me at

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Speaker 2: the moment. So I've put in a few orders online

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Speaker 2: for things here and there this week, so I guess

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Speaker 2: it's not that much of a money win for that.

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Speaker 2: But my money win is I've got a girlfriend who

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Speaker 2: knows what shampoo I use, and recently she purchased that shampoo.

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Speaker 2: It's not the cheapest, but oh my gosh, does it

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Speaker 2: smell delicious.

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Speaker 4: She purchased it.

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Speaker 2: She doesn't like it, so she has gifted. She lives

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Speaker 2: within my five kilometer bubble Georgia king and she left

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Speaker 2: it on my front doorstep the other day full and

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Speaker 2: now I don't have to purchase that product. So if

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Speaker 2: that's normal money win, I don't know what is.

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Speaker 3: That's a huge money win. My old housemate actually left

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Speaker 3: me all of her expensive shampoo when she moved to London.

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Speaker 3: So that was a kerk very similar style winn a winner.

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Speaker 3: Mine is a money win and it's in a very

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Speaker 3: similar vein to a previous win that I've noted on

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Speaker 3: the podcast before.

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Speaker 2: Okay, just coffee copy, glad we were original.

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Speaker 3: Absolutely well, I mean we are running out of ideas

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Speaker 3: over here, but that's okay. So mine this week is

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Speaker 3: Kaya Online. So I have mentioned in the past Yoga

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Speaker 3: with Adrian has been my go to through COVID like

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Speaker 3: nine two yeah, yeah, yeah, So that's the yoga on YouTube.

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Speaker 3: It's completely free and it's amazing. So Kaya was the

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Speaker 3: gym that I used to go to pre covid, and

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Speaker 3: it was just my happy place. I went there, I

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Speaker 3: reckon like eight times a week.

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Speaker 2: Every single time we would record a podcast. You would

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Speaker 2: come to my office in Active where because you'd just

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Speaker 2: come to K or you were going to KA after.

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Speaker 2: You are the ultimate KA poster girl.

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Speaker 3: I am, and I love it, and I've just really

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Speaker 3: been feeling for them because they've had their doors closed

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Speaker 3: for six months, yet they're producing this free content popping

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Speaker 3: it online. It's on YouTube as well. So I just

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Speaker 3: really recommend you guys having a go if you're looking

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Speaker 3: for something new to keep fit during this time. If

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Speaker 3: you're still in Melbourne in lockdown, I could not recommend

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Speaker 3: it highly enough. The trainers are amazing. It's really there's

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Speaker 3: like options for different levels and yeah, it's just the best.

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Speaker 3: So we'll pop a little link in our show notes

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Speaker 3: to exactly what that is. It's Kaya Kaya and yeah, I.

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Speaker 1: Just love it.

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Speaker 2: I adore it as well. I used to go to

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Speaker 2: that gym there is one in the Melbourne CBD. It

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Speaker 2: feels really bougie like it is so fancy inside, but

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Speaker 2: really reasonably priced given Polarate's reformer is so expensive normally

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Speaker 2: we've spoken about this on the podcast before, where it

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Speaker 2: can be upwards of thirty dollars a class. The KA

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Speaker 2: memberships are a little bit more than that per week,

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Speaker 2: but it works out really well actually if you're going

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Speaker 2: eight times a week. Guys, this isn't sponsored at all.

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Speaker 2: We just are genuine ca your lovers and yeah, here

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Speaker 2: for it. Goodwin, Georgia King, thank.

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Speaker 1: You, thank you.

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Speaker 3: Now, I mean again, let's stick to tradition and move

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Speaker 3: across to the Facebook community Victoria. Actually, just a little

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Speaker 3: side note, there's ninety two thousand of us in there,

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Speaker 3: at the moment.

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Speaker 2: I cannot even with you guys, there are so many

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Speaker 2: did that happen? I don't know. But also shout out

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Speaker 2: to Georgia King. Here guys, ninety two thousand of you,

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Speaker 2: and guess who's been adding you all to the group?

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Speaker 3: Georgia King takes it takes so long, and we do

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Speaker 3: get a lot of messages from people being like are

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Speaker 3: you still accepting people? And it just does take time

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Speaker 3: to add you. Also, apologies for the delay, but we

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Speaker 3: promise it is worth it, as the numbers are showing

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Speaker 3: us people are loving it, so that's great. Anyway, onto

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Speaker 3: the Facebook community, Victoria, I have any posts stood out

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Speaker 3: to you?

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Speaker 2: This is a lot of them this week. I feel

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Speaker 2: like so many people have had really great money wins

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Speaker 2: this week in ISO, but for me particularly, I had

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Speaker 2: one that stood out from Maddie, and Maddie said money win.

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Speaker 2: Since I bought my apartment, I've been wanting to switch

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Speaker 2: my balcony door to a glass one because the doorframe

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Speaker 2: isn't standard. This was going to cost more than three

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Speaker 2: hundred and fifty dollars. She said that ninety percent of

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Speaker 2: the furniture in her house she'd bought secondhand or picked

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Speaker 2: up free from the curb side, but she assumed that

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Speaker 2: for something like a door, she'd have to buy a

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Speaker 2: brand new one. But lo and behold, her three years

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Speaker 2: of patience paid off, and someone in her neighborhood community

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Speaker 2: Facebook group was selling theirs for sixty dollars. So she said,

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Speaker 2: with a little bit of help from my dad and

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Speaker 2: some new carpentry skills learnt along the way, we.

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Speaker 4: Replaced it together.

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Speaker 2: She said, next time you want something for your house,

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Speaker 2: don't forget to check on gum tree or marketplace.

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Speaker 4: You never know what will actually be on there.

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Speaker 2: And she had some really cute photos of her doing

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Speaker 2: said carpentry and then smiling through the glass door. And

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Speaker 2: I thought it was really sweet. So shout out to

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Speaker 2: Maddie because I think that that is something that is

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Speaker 2: really cool, like you can fix it yourself.

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Speaker 4: I love that.

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Speaker 3: Well exactly, and it kind of ties into today's theme,

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Speaker 3: which is, you know, saving hacks a little bit of DIY.

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Speaker 3: So that is very impressive and it also really opens

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Speaker 3: up the house.

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Speaker 2: Doesn't It looks really cute. Congrats Maddie. We will be

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Speaker 2: around for a cheese platter and a couple of wines.

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Speaker 4: Once is over.

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Speaker 2: But back to you, Georgia King, do you have a

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Speaker 2: money win or confession that you want to share from

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Speaker 2: the group this week?

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Speaker 3: I do be and I'm actually surprised you didn't steal

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Speaker 3: this one because it is oat milk. Okay, So this

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Speaker 3: one is from Laura who has an oat milk money

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Speaker 3: win as she is a longtime lurk, our first time

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Speaker 3: poster and like our our Lord and Savior, Our Lord

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Speaker 3: and Savior, Victoria divine.

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Speaker 2: Wow, that's the most Just stop with the junk, Georgia King.

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Speaker 1: I need to pair it back a little bit right now.

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Speaker 1: But that's okay.

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Speaker 4: I love you, Dale, thanks you, and I appreciate that.

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Speaker 3: So, like Victoria, she is an avid oat milk lover.

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Speaker 3: And we all know, as we've spoken about many times

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Speaker 3: on the podcast, oat milk is spenno. For those who

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Speaker 3: don't know what that means, it means expensive in my language.

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Speaker 3: So instead of spending five dollars, she's made it. She's

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Speaker 3: made it herself. She's actually included the recipe there as well,

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Speaker 3: but she's written that it costs forty five cents for

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Speaker 3: approximately seven hundred and fifty meals amazing savings of heaps.

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Speaker 3: I can't do the mask heep heeps saving.

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Speaker 2: According to Georgia, George's created her own language. It is

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Speaker 2: apparently usually Speno, and normally it's not. But in saying

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Speaker 2: that another oat milk money win, Georgia, we should have had.

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Speaker 2: This is one of our money wins, because I know

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Speaker 2: you know what I'm talking about. You guys know I'm

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Speaker 2: obsessed with oatmeal to the point where this is nearly

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Speaker 2: embarrassing and I'm going to have to ban myself from

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Speaker 2: talking about it on the podcast. But our friends at

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Speaker 2: Minor Figures actually reached out to us this week and

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Speaker 2: they were kind of like, hey, guys, why are you

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Speaker 2: so obsessed with me? And sending us a little bit

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Speaker 2: of a gift. And I'm assuming that is going to

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Speaker 2: be some oatmealk colatees or something given we have been

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Speaker 2: talking about that. But Georgia and I are so looking

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Speaker 2: forward to that and so excited. But also this week

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Speaker 2: I had another money win which I totally could have used.

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Speaker 2: Their oat milk is fifty percent off, so you can

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Speaker 2: get your oat milk for a total of two dollars

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Speaker 2: forty five. My favorite oat milk, guys, get on it.

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Speaker 2: This is not sponsored, it's just that we're obsessed with them.

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Speaker 1: We are.

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Speaker 3: But you know what is really sad about this is

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Speaker 3: that this episode drops on a Wednesday, and because I'm

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Speaker 3: a savvy girl, I know that the new catalog ticks

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Speaker 3: over on the Wednesday, so that sale will no longer reply.

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Speaker 1: So sorry to broacharts.

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Speaker 2: Just keep going real, all right, thank you for that.

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Speaker 2: It's going to go back to being Spino.

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Speaker 1: Sorry, guys.

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Speaker 3: All right, well, now let's rip into the main topic

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Speaker 3: of today's show.

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Speaker 2: I think that's a good idea, honestly, let's keep moving on.

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Speaker 3: So today is all about the money saving hacks we

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Speaker 3: swear by that'll help get you on top of your

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Speaker 3: finances for good. Now, there is a lot of information

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Speaker 3: out there when it comes to money saving hacks, and

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Speaker 3: everyone has tricks that work for them. But today we

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Speaker 3: thought it would be amazing to list some tips from

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Speaker 3: our lord. And see, I'm joking from a pro.

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Speaker 4: Can you just stop? It's getting weird?

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Speaker 3: Shot that one Victoria Before we do count down our

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Speaker 3: top six hacks, we've condensed it down to. I was

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Speaker 3: hoping you could briefly talk to me a little bit

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Speaker 3: about the psychology of saving and explain to me and

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Speaker 3: to everyone listening why some people are naturally really really

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Speaker 3: good at saving and why others maybe are not sure.

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Speaker 2: All right, I am so excited for this topic, and

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Speaker 2: you guys ask for it all the time. I know

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Speaker 2: that I get messages to the Facebook group, I get

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Speaker 2: messages to our Instagram, I get messages on my personal

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Speaker 2: Instagram of you guys being like, Hey, Victoria, I just

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Speaker 2: want to know how can I save a bit more?

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Speaker 2: Or Hey Victoria, I earn x like what should I

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Speaker 2: be saving? And I know that this is such a

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Speaker 2: good topic, and I'm really glad that we are talking

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Speaker 2: about it with Georgia King as well. Guys, she's actually

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Speaker 2: a really savvy little savor because I'm a bit pervy

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Speaker 2: and a vast watson a savings account before. So I'm

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Speaker 2: excited for this because Georgia has actually a lot of

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Speaker 2: knowledge to share on this because she's a little savvy

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Speaker 2: saveror but in saying that savings at the end of

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Speaker 2: the day is all about delayed gratification rather than instant gratification,

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Speaker 2: which guys, in the age of after pay, is what

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Speaker 2: seems to be the new normal. Guys, there is a

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Speaker 2: psych practice and I don't know if you've seen this before,

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Speaker 2: but if you haven't, YouTube the marshmallow Experiment, and it's

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Speaker 2: all about these little kids who get told, all right,

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Speaker 2: I'm gonna leave the room. I'm putting this marshmallow on

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Speaker 2: a plate in front of you. Don't eat it, because

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Speaker 2: if you don't eat it, I'll give you three more

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Speaker 2: marshmallows when I come back. And you can just see

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Speaker 2: it is hardwired. And some kids to go, yeah, great,

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Speaker 2: I'd love three marshmallows when they come back.

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Speaker 4: I'm not gonna eat that. I'll wait.

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Speaker 2: There are some kids who just go hack, I don't

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Speaker 2: care about those three marshmallows. I'm going to stuff that

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Speaker 2: first one in my mouth. And then there are those

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Speaker 2: kids that I think this is me. They just like

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Speaker 2: stare longingly at the marshmallow. They pick it up and

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Speaker 2: they sniff it, and they kind of look at it

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Speaker 2: and they go, oh, that's that's a good marshmallow. They

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Speaker 2: might wick it and put it back down because they

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Speaker 2: can see the benefit of waiting for the long term,

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Speaker 2: but they also are just feeling really like they want

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Speaker 2: it right now. And I think that that, for me,

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Speaker 2: is a really good example of instant gratification versus delayed gratification,

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Speaker 2: because we all know that if we don't buy something

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Speaker 2: right now, we'll be able to save. It's not a secret.

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Speaker 2: Savings is not magic. Savings is not something kind of

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Speaker 2: magical that you know, I don't know how to do it,

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Speaker 2: Like deep down, we all know what we need to

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Speaker 2: do to save. It just doesn't mean it happens like

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Speaker 2: some people are going to naturally be better at savings,

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Speaker 2: which is some people are going to naturally be better

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Speaker 2: at saving, which is more often than not a reflection

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Speaker 2: of their money story and just the way they grew

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Speaker 2: up and their you know, baseline personality.

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Speaker 4: Like let's be honest.

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Speaker 2: And that's why I wanted to talk about the Marshmallow

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Speaker 2: experiment because it's ingrained in us, Like some of us

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Speaker 2: understand long term gratification on a deeper level than others.

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Speaker 2: And it's not about intelligency. It's not about whether you

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Speaker 2: know or not. It is something that is ingrained in us.

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Speaker 2: Some of us just are better at savings than others.

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Speaker 2: But that does not mean that you can't get good

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Speaker 2: at savings. It just means you need different tools in

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Speaker 2: resources than someone else might have and That's why I

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Speaker 2: brought up at the start of this conversation as well,

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Speaker 2: got Georgia the little savvy saver, because she's really good

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Speaker 2: at savings, whereas someone like me, I'm being brutally honest,

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Speaker 2: I've always struggled to put money away because I love

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Speaker 2: a good bit of instant gratification. So I need a

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Speaker 2: lot more structure than you, Georgia. I need to have,

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Speaker 2: you know, savings hacks in place. I really need to

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Speaker 2: have a really good cash flow set up so that

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Speaker 2: I know how much I should be saving and I

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Speaker 2: can put a plan in place. Whereas I know someone

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Speaker 2: like you, you just instantly put more money away than

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Speaker 2: you spend, and I wish I was more like you,

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Speaker 2: but it just doesn't happen, and we need to be

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Speaker 2: honest with ourselves.

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Speaker 3: You're right for me, it is something that just comes

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Speaker 3: really naturally, and you know, not to toot my own horn.

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Speaker 3: I have a lot of other flaws, and I'm definitely

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Speaker 3: not an expert at as we've all learned from listening

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Speaker 3: to this podcast. In preparation for this episode, I did

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Speaker 3: go back and listen to the Psychology of Saving ep

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Speaker 3: that you did with Annabelle in season one, which was

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Speaker 3: an amazing e F and I would really recommend it

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Speaker 3: in union with this episode.

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Speaker 2: I guess absolutely go back and listen to it. I

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Speaker 2: think it was a really good chat. But it was

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Speaker 2: also something that we spoke about the psychology of savings,

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Speaker 2: and we talked about learned helplessness, and we talked about

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Speaker 2: a lot of different concepts, but we didn't tell.

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Speaker 4: You how to save.

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Speaker 2: And that's what the eep's about, right, Georgia.

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Speaker 3: And you did just mention what I wanted to ask you,

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Speaker 3: which was about learned helplessness helplessness, rather, can you explain

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Speaker 3: that a little bit more to those who might not

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Speaker 3: have heard that episode or really understand what that concept

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Speaker 3: really means.

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Speaker 2: So, learned helplessness is a state that occurs after a

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Speaker 2: person has experienced a stressful situation repeatedly, Essentially, Georgia, They've

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Speaker 2: come to believe that they are completely unable to control

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Speaker 2: or change their situation, so they stopped trying even when

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Speaker 2: the opportunity for change becomes available. And this could be

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Speaker 2: around million, millions of things. It could be a relationship,

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Speaker 2: it could be your career. It could be that you

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Speaker 2: think you can't cook, It could be savings, and I

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Speaker 2: think that that's the most important part here. So many

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Speaker 2: of us will put ourselves in the basket Georgia and

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Speaker 2: just go, well, I can't save. I'm really bad at savings,

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Speaker 2: or I'm really bad at X, or I'm really bad

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Speaker 2: at why.

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Speaker 4: So I just don't do it.

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Speaker 2: I'm not going to try, And for me, that's a

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Speaker 2: really limiting belief learned. Helplessness is that state where you

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Speaker 2: have experienced negatives so many times that you now just say, well,

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Speaker 2: I can't do it. And that could be through a

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Speaker 2: multitude of different reasons, and the biggest one is because

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Speaker 2: you weren't set up for success in the first place.

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Speaker 2: And you know, we've seen this in money diarists. Looking

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Speaker 2: back on you know, podcast seasons. I remember one specifically.

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Speaker 2: I can't remember her entire situation, but essentially she said

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Speaker 2: on the podcast in her money Diary, Victoria, I really

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Speaker 2: want to save ten thousand dollars. And then she had

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Speaker 2: in visi line treatments and she had a whole heap

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Speaker 2: of other stuff. And then at the end of the

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Speaker 2: episode we learned that she earned forty thousand dollars a year,

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Speaker 2: which meant that she was never actually going to be

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Speaker 2: in a situation where she could feasibly save ten thousand dollars,

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Speaker 2: and to me, she was setting herself up for failure.

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Speaker 2: And I called that out at the time, and I

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Speaker 2: just think it's worthy of mentioning here because we might

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Speaker 2: all have really great goals, like I could write down, Georgia,

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Speaker 2: I want to save ten grand this year, but that

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Speaker 2: actually means that you have to have ten thousand dollars

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Speaker 2: available in your surplus cash flow to be able to

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Speaker 2: spend or save. And if you don't have that, that

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Speaker 2: was never going to happen. And I know that that

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Speaker 2: sounds really disheartening, but at the end of the day,

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Speaker 2: if you want to be saving ten thousand dollars in

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Speaker 2: a year, you've got to have an extra eight hundred

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Speaker 2: and thirty three dollars is ish per month to put

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Speaker 2: aside so that you can actually achieve that goal. And

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Speaker 2: if you don't have that, I'm really sorry, but it's

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Speaker 2: not going to happen. So for me, budget and cash

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Speaker 2: flow is insanely important here so that you can under

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Speaker 2: stand what's going on, because at the end of the day,

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Speaker 2: if you set a goal that is unachievable, that is

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Speaker 2: the easiest way to fall off the track, become disheartened,

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Speaker 2: think that you're terrible at it no matter how hard

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Speaker 2: you're trying. You might be in a position where you

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Speaker 2: save every single dollar that's coming into your account, but

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Speaker 2: what if you only had five thousand dollars coming into

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Speaker 2: your account. You've set a stupid goal that you know

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Speaker 2: it's not a stupid goal, but it's a goal that

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Speaker 2: is stupid because it's going to make you upset, and

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Speaker 2: it's going to hurt you, and it's going to make

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Speaker 2: you feel like you are helpless. And that is what learned.

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Speaker 2: Helplessness is. It's a state that happens after you experience stress,

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Speaker 2: or you experience are let down, or you see a

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Speaker 2: negative thing happening to you. You just put yourself in

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Speaker 2: a position where you just go cool, well, I'm never

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Speaker 2: able to achieve that instead of putting in place a

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Speaker 2: plan that actually works. And that's why I want to

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Speaker 2: talk about it now. Well that's why you've brought it up.

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Speaker 2: I am assuming because we have the opportunity for change.

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Speaker 2: We can be good at anything we put our minds to.

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Speaker 2: We just need to create a plan to do that.

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Speaker 2: And that's what this episode is about.

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Speaker 3: So say someone comes to you they're in a graduate role,

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Speaker 3: and they're like, Eh, I'm not gonna save. I can't save.

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Speaker 3: I'm earning fifty k a year. I could never save

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Speaker 3: on that way, it's barely enough for me to live with. Like, nah,

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Speaker 3: what would you say to that? Sorry for doing a

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Speaker 3: little scream there.

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Speaker 1: I don't know what that way.

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Speaker 4: I like the little lad that you added in them.

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Speaker 2: Sorry, if you're walking on your you know, Wednesday morning

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Speaker 2: and you've got Georgia King and Victoria, if I'm literally

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Speaker 2: yelling in your ears, I think that it is really

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Speaker 2: important to set good habits up front. So I know

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Speaker 2: for some levels of income it's really hard to save. Like,

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Speaker 2: please do not get me wrong, I don't want you

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Speaker 2: to feel disheartened listening to this episode. If you're like,

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Speaker 2: but Victoria, Like, I've just done my budget and it

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Speaker 2: says I can say four dollars or Victoria, it says

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Speaker 2: I'm actually spending more than I'm earning. Like, girl, I

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Speaker 2: get you, and I get this, and it makes so

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Speaker 2: much sense that that's your situation. But you are in

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Speaker 2: a situation where now you know that and you can

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Speaker 2: either change it or you can work with it. But

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Speaker 2: we can't stick our heads in the sand and pretend

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Speaker 2: it's not happening. So for me, it's okay. If you're

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Speaker 2: not saving like it is so fine. But what I

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Speaker 2: want you to be on top of is your budget

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Speaker 2: and your cash flow so that.

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Speaker 4: You can be empowered. So if you are young, well you.

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Speaker 2: Have a low income, it is not about how much

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Speaker 2: you can save. It's about the plan that you create

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Speaker 2: to put yourself in a position of success. So it's

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Speaker 2: about putting together a budget, understanding you know where your

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Speaker 2: money goes, what comes in each month, what needs to

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Speaker 2: go out each month, what you need to allocate for

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Speaker 2: future bills, what you're spending on your personal spending, if

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Speaker 2: you have any debt, what those repayments look like. But

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Speaker 2: then also saying well do I have anything left over?

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Speaker 2: And if you can get that right from the very beginning,

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Speaker 2: even if you're saving let's call it one hundred dollars

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Speaker 2: a month, that is incredible because when your income increases,

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Speaker 2: all of that additional income that you start earning is

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Speaker 2: able to go straight to saving instead of experiencing lifestyle

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Speaker 2: creep or spending more money on things that you hadn't

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Speaker 2: allocated or on in line with your values and goals.

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Speaker 2: So for me, it's about really outlining what you want

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Speaker 2: to achieve and knowing that this stuff can't happen overnight.

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Speaker 2: Like I wish savings were magical. Anybody who has a

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Speaker 2: large amount of savings in their bank account right now

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Speaker 2: will tell you that didn't happen overnight. It's something that

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Speaker 2: they have chipped away at and they see compounding over

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Speaker 2: time and then they're like, wow, it's one thousand dollars,

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Speaker 2: and then it's three thousand dollars, and then it's ten

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Speaker 2: thousand dollars and they're like, wait, this feels like it

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Speaker 2: came out of nowhere. But at the end of the day,

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Speaker 2: savings takes sacrifice and we need to be aware of that.

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Speaker 3: I reckon, we can probably get to our hacks now.

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Speaker 1: Would you like to reveal the first tack? Even though

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Speaker 1: I kind of spoiled it before.

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Speaker 2: Our first tack is having smaller savings goals rather than huge,

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Speaker 2: unattainable ones. And you know I've said it before. I

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Speaker 2: often see people who come and see me and say, Victoria,

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Speaker 2: I want to save twenty thousand dollars this year, but

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Speaker 2: I work part time and I earn forty thousand dollars,

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Speaker 2: that's a goal that you're just not going to reach.

436
00:20:06,440 --> 00:20:08,920
Speaker 2: And I hate to be the bearer of bad news here,

437
00:20:09,119 --> 00:20:10,800
Speaker 2: And this isn't to make you feel flat, and I

438
00:20:10,800 --> 00:20:12,960
Speaker 2: don't want you to feel deflated, But if that is

439
00:20:13,000 --> 00:20:15,679
Speaker 2: your goal, it is not going to happen. So for me,

440
00:20:15,960 --> 00:20:18,400
Speaker 2: unless you actually have forty grand coming in, you live

441
00:20:18,440 --> 00:20:21,440
Speaker 2: at home and you have the ability to do that, great,

442
00:20:21,680 --> 00:20:24,879
Speaker 2: but that is going to make you feel deflated and

443
00:20:24,920 --> 00:20:27,159
Speaker 2: discourage you, and you are less likely to want to

444
00:20:27,200 --> 00:20:30,280
Speaker 2: continue on a positive financial journey if you.

445
00:20:30,200 --> 00:20:31,200
Speaker 4: Set yourself a goal.

446
00:20:31,520 --> 00:20:34,200
Speaker 2: So what we want to do is have micro goals

447
00:20:34,240 --> 00:20:37,680
Speaker 2: and aim to put away a really realistic amount each month.

448
00:20:37,960 --> 00:20:40,040
Speaker 4: Then it is so much easier.

449
00:20:39,680 --> 00:20:41,679
Speaker 2: For us to tick off our achievements and see the

450
00:20:41,720 --> 00:20:44,800
Speaker 2: goals that we are meeting, which, honestly, Georgia is so

451
00:20:44,920 --> 00:20:47,399
Speaker 2: much more sustainable than just pulling some figure out of

452
00:20:47,400 --> 00:20:49,560
Speaker 2: the air that you think sounds sexy that you want

453
00:20:49,600 --> 00:20:52,760
Speaker 2: to achieve within a year without any roadmap on how

454
00:20:52,800 --> 00:20:55,600
Speaker 2: you're actually going to achieve that goal. So for me,

455
00:20:55,760 --> 00:20:59,120
Speaker 2: it's often about working backwards. You want to save ten

456
00:20:59,119 --> 00:21:02,399
Speaker 2: thousand dollars this year, you're fantastic. Your monthly goal is

457
00:21:02,480 --> 00:21:05,959
Speaker 2: eight hundred and thirty three dollars and thirty three cents, Like,

458
00:21:06,320 --> 00:21:09,560
Speaker 2: let's be specific, and if that is too big and

459
00:21:09,560 --> 00:21:12,680
Speaker 2: you go Victoria, I want to break it down even more. Fantastic.

460
00:21:13,040 --> 00:21:16,600
Speaker 2: Weekly you have to save one hundred and ninety two dollars.

461
00:21:16,760 --> 00:21:18,960
Speaker 2: If you can do that, you're going to have ten

462
00:21:19,000 --> 00:21:21,560
Speaker 2: thousand dollars by the end of the year. So for me,

463
00:21:21,680 --> 00:21:26,280
Speaker 2: it's about breaking goals down into more manageable pieces, and

464
00:21:26,359 --> 00:21:30,720
Speaker 2: if a goal feels unachievable or too big or too overwhelming,

465
00:21:31,040 --> 00:21:34,119
Speaker 2: break it down even more. I don't care what that is,

466
00:21:34,280 --> 00:21:36,440
Speaker 2: even if you are breaking it down to the day.

467
00:21:36,760 --> 00:21:39,959
Speaker 3: This reminds me of that classic metaphor of that you

468
00:21:40,000 --> 00:21:42,959
Speaker 3: can't eat an elephant in one bite, Victoria. If you're

469
00:21:42,960 --> 00:21:44,960
Speaker 3: gonna eat an elephant, you got to you gotta cut

470
00:21:45,000 --> 00:21:47,239
Speaker 3: it up, you gotta have it in little bytes. And

471
00:21:47,320 --> 00:21:51,000
Speaker 3: that is kind of an analogy for how saving goals works.

472
00:21:51,040 --> 00:21:51,480
Speaker 1: Am I right?

473
00:21:51,640 --> 00:21:55,200
Speaker 2: I'm not gonna lie. I've never heard that analogy, nor

474
00:21:55,240 --> 00:21:55,600
Speaker 2: do I.

475
00:21:55,680 --> 00:21:57,040
Speaker 4: Want to eat an elephant.

476
00:21:57,440 --> 00:21:59,840
Speaker 2: But if you say it's a thing, I believe you,

477
00:22:00,080 --> 00:22:02,760
Speaker 2: and it makes a lot of sense. There's no way,

478
00:22:02,920 --> 00:22:06,359
Speaker 2: even if I wanted to eat a elephant, that I

479
00:22:06,400 --> 00:22:08,080
Speaker 2: could do it in one bite.

480
00:22:08,280 --> 00:22:09,520
Speaker 1: No, absolutely, not all.

481
00:22:09,480 --> 00:22:12,280
Speaker 2: Right, Georgia on that, I'm not sure I love elephants

482
00:22:12,400 --> 00:22:15,200
Speaker 2: enough to eat them, although I love them as animals.

483
00:22:15,440 --> 00:22:17,920
Speaker 2: Let's move on to hack number two. So hack number

484
00:22:17,920 --> 00:22:21,480
Speaker 2: two is cut down on your non essential spending. So

485
00:22:21,720 --> 00:22:24,399
Speaker 2: I need you, guys, to be making a conscious effort

486
00:22:24,440 --> 00:22:27,600
Speaker 2: to identify where you are spending your money on non

487
00:22:27,760 --> 00:22:30,600
Speaker 2: essential items and see if you can cut that down

488
00:22:30,920 --> 00:22:34,199
Speaker 2: and put that surplus money into savings. So if you

489
00:22:34,240 --> 00:22:36,480
Speaker 2: find yourself going out to dinner with girlfriends and not

490
00:22:36,560 --> 00:22:39,520
Speaker 2: me at the moment, covid life on the weekend more

491
00:22:39,560 --> 00:22:42,520
Speaker 2: often than not, because that's just what you've gotten into

492
00:22:42,560 --> 00:22:45,080
Speaker 2: the pattern of doing, why not suggest a dinner at

493
00:22:45,080 --> 00:22:47,920
Speaker 2: home where everyone brings a plate. Save some money that way,

494
00:22:48,080 --> 00:22:50,320
Speaker 2: and talk to your friends about it. I know that

495
00:22:50,400 --> 00:22:53,520
Speaker 2: talking about money can be overwhelming, but I guarantee you

496
00:22:53,560 --> 00:22:55,440
Speaker 2: if you said to your friends, hey, guys, we usually

497
00:22:55,480 --> 00:22:57,959
Speaker 2: spend fifty bucks every time we go out on meals,

498
00:22:58,320 --> 00:23:01,080
Speaker 2: and then we go out for a drink rose and

499
00:23:01,240 --> 00:23:03,960
Speaker 2: we spend another you know, fifteen dollars ahead how about

500
00:23:03,960 --> 00:23:06,040
Speaker 2: we put that money aside, we all bring a plate,

501
00:23:06,280 --> 00:23:09,119
Speaker 2: we save that money. I wouldn't be mad if I

502
00:23:09,160 --> 00:23:11,280
Speaker 2: had an extra fifty bucks in my savings account because

503
00:23:11,280 --> 00:23:14,240
Speaker 2: one of my girlfriends came over for dinner. Winner, honest winner.

504
00:23:14,400 --> 00:23:16,919
Speaker 2: But you can also still go out for dinner, but

505
00:23:17,040 --> 00:23:19,520
Speaker 2: I think it's really important to then think about how

506
00:23:19,520 --> 00:23:22,000
Speaker 2: you can cut that down. Can you just order one

507
00:23:22,000 --> 00:23:24,840
Speaker 2: glass of rose instead of two, or maybe don't get dessert,

508
00:23:25,000 --> 00:23:27,160
Speaker 2: or opt for the meal that is closer to twenty

509
00:23:27,200 --> 00:23:29,159
Speaker 2: dollars than thirty dollars. And a really good way of

510
00:23:29,200 --> 00:23:31,639
Speaker 2: doing this is having a look at the vegetarian options

511
00:23:31,720 --> 00:23:35,240
Speaker 2: on the menu list. Obviously not why I don't eat meat,

512
00:23:35,320 --> 00:23:38,880
Speaker 2: but I often find that the vegetarian options are far

513
00:23:39,040 --> 00:23:42,359
Speaker 2: cheaper than the meat paste options. It's all those little

514
00:23:42,359 --> 00:23:45,040
Speaker 2: things that can really make a massive difference without causing

515
00:23:45,040 --> 00:23:47,000
Speaker 2: a dramatic change in your lifestyle.

516
00:23:47,280 --> 00:23:47,600
Speaker 4: Georgia.

517
00:23:47,680 --> 00:23:50,720
Speaker 2: Another one of these which I don't abide by personally,

518
00:23:50,760 --> 00:23:53,400
Speaker 2: but I think it's a hack nonetheless, is having your

519
00:23:53,440 --> 00:23:56,960
Speaker 2: coffee at home. So not the most exciting hack. We've

520
00:23:56,960 --> 00:23:59,680
Speaker 2: all heard it before, making your coffee at home or

521
00:23:59,720 --> 00:24:01,960
Speaker 2: two she's sing a cup from seven to eleven, which is.

522
00:24:01,880 --> 00:24:04,320
Speaker 4: A dollar per cup. By the way, guys, rather.

523
00:24:04,119 --> 00:24:07,000
Speaker 2: Than paying five or six dollars a day goes a

524
00:24:07,160 --> 00:24:11,280
Speaker 2: very very long way for something that often seems quite insignificant.

525
00:24:11,480 --> 00:24:13,560
Speaker 2: Even if you just cut back to buying a five

526
00:24:13,640 --> 00:24:16,560
Speaker 2: dollar latte out three times per week instead of five,

527
00:24:16,680 --> 00:24:19,640
Speaker 2: that's an annual saving of five hundred and twenty dollars

528
00:24:19,840 --> 00:24:22,560
Speaker 2: which you can put towards something totally more meaningful to

529
00:24:22,640 --> 00:24:26,400
Speaker 2: you if you aren't into instant coffee, which, let's be honest, Georgia,

530
00:24:26,480 --> 00:24:29,680
Speaker 2: I know we are both Melbourne coffee snobs and they're

531
00:24:29,680 --> 00:24:31,480
Speaker 2: probably yelling at us right now and going like, I'm

532
00:24:31,520 --> 00:24:34,080
Speaker 2: not doing that. That's cool, but you can pick up

533
00:24:34,080 --> 00:24:36,720
Speaker 2: some decent coffee machines for a really good price online.

534
00:24:36,760 --> 00:24:40,920
Speaker 2: You can also buy one or Marketplace or Georgia more recently.

535
00:24:41,240 --> 00:24:43,920
Speaker 2: This is an absolute hack. I was on a podcast

536
00:24:43,960 --> 00:24:47,720
Speaker 2: recently with Phoebe Parsons from Diary of a train Wreck,

537
00:24:47,800 --> 00:24:51,919
Speaker 2: which was totally fun, really interesting conversation, purely because I

538
00:24:52,000 --> 00:24:53,399
Speaker 2: was having a really good time and she was a

539
00:24:53,400 --> 00:24:56,679
Speaker 2: delightful person to talk to. She introduced me to the

540
00:24:56,800 --> 00:25:00,199
Speaker 2: new line of Nest Cafe instant coffees and they do

541
00:25:00,280 --> 00:25:04,720
Speaker 2: an almond an oat and a coconut latte in sachets,

542
00:25:04,840 --> 00:25:07,680
Speaker 2: and I was really skeptical when she told me, being honest,

543
00:25:07,840 --> 00:25:10,320
Speaker 2: they are completely dairy free. So if you're an oatmelklover

544
00:25:10,480 --> 00:25:13,679
Speaker 2: like me, fantastic option. I tried them.

545
00:25:13,520 --> 00:25:14,440
Speaker 4: Out money win.

546
00:25:14,720 --> 00:25:18,320
Speaker 2: It didn't taste terrible. I honestly assumed that it would

547
00:25:18,400 --> 00:25:21,040
Speaker 2: taste SoC sugary and I didn't take sugar in any

548
00:25:21,080 --> 00:25:23,160
Speaker 2: of my coffee, so I was like, oh, this might

549
00:25:23,160 --> 00:25:27,639
Speaker 2: not be great. Great fantastic oat milk latte for the

550
00:25:27,680 --> 00:25:29,439
Speaker 2: price of well, I think I got like six in

551
00:25:29,480 --> 00:25:31,400
Speaker 2: a box for the price of one coffee. Win.

552
00:25:31,400 --> 00:25:32,360
Speaker 4: A winner, that is.

553
00:25:32,320 --> 00:25:33,920
Speaker 1: A winner win. That could have been your money winter.

554
00:25:34,040 --> 00:25:35,840
Speaker 2: That could have been a money win. But I completely

555
00:25:35,920 --> 00:25:38,200
Speaker 2: forgot that I did that and it wasn't mine. Phoebe

556
00:25:38,240 --> 00:25:40,199
Speaker 2: told me about it, and then I went to Cohl's

557
00:25:40,240 --> 00:25:41,960
Speaker 2: and look, I didn't even need to spend it.

558
00:25:42,000 --> 00:25:43,080
Speaker 4: I had extra coffee that day.

559
00:25:43,280 --> 00:25:45,840
Speaker 2: Not a money win, but definitely in the long term,

560
00:25:45,880 --> 00:25:47,560
Speaker 2: a great option to have in the pantry.

561
00:25:47,760 --> 00:25:50,640
Speaker 3: And I love that oat milk gets another shout out

562
00:25:50,640 --> 00:25:51,560
Speaker 3: there on the podcast.

563
00:25:51,760 --> 00:25:54,800
Speaker 2: We are actually gonna change the name of this podcast

564
00:25:55,280 --> 00:25:57,359
Speaker 2: to she's on the oatmeal something in that. Yeah, I

565
00:25:57,359 --> 00:25:58,160
Speaker 2: think it's a great idea.

566
00:25:58,200 --> 00:25:59,520
Speaker 1: Yeah, it could be a little side project.

567
00:25:59,560 --> 00:26:01,879
Speaker 2: All right, Roger King, I want to hear some hacks

568
00:26:01,920 --> 00:26:04,840
Speaker 2: from you. What is our third hack this podcast?

569
00:26:04,880 --> 00:26:05,320
Speaker 1: Alrighty?

570
00:26:05,359 --> 00:26:09,480
Speaker 3: So hack number three is to be a more conscious consumer.

571
00:26:09,800 --> 00:26:11,840
Speaker 2: So this kind of that sounds like a nice thing

572
00:26:11,880 --> 00:26:13,080
Speaker 2: to do for everybody.

573
00:26:13,080 --> 00:26:16,439
Speaker 1: Splits into two kind of subject areas, I guess you

574
00:26:16,440 --> 00:26:16,920
Speaker 1: could say.

575
00:26:17,240 --> 00:26:17,359
Speaker 5: So.

576
00:26:17,400 --> 00:26:20,840
Speaker 3: The first one is what Victoria always preaches, and that

577
00:26:20,960 --> 00:26:24,399
Speaker 3: is putting time between you and your purchases. So instead

578
00:26:24,440 --> 00:26:27,520
Speaker 3: of just adding stuff to your cart and buying straight away,

579
00:26:27,960 --> 00:26:30,400
Speaker 3: pop it in your cart, wait twenty four hours, wait

580
00:26:30,440 --> 00:26:32,760
Speaker 3: five days, wait a month, and see if you still

581
00:26:32,880 --> 00:26:35,879
Speaker 3: really want that product or shirt or dress, whatever it

582
00:26:35,880 --> 00:26:36,159
Speaker 3: may be.

583
00:26:36,840 --> 00:26:37,480
Speaker 1: Treat yourself.

584
00:26:37,720 --> 00:26:40,560
Speaker 3: But if you like more often than not, you're just

585
00:26:40,560 --> 00:26:42,159
Speaker 3: not gonna want it. That's what I find in my

586
00:26:42,200 --> 00:26:47,040
Speaker 3: life anyway. The other subject area is sustainability, and we

587
00:26:47,240 --> 00:26:51,120
Speaker 3: spoke about this at length in our Fast Fashion episode.

588
00:26:51,240 --> 00:26:53,399
Speaker 2: I loved that episode, by the way, I thought that

589
00:26:53,520 --> 00:26:55,960
Speaker 2: was so fun. We need to do more fashion episodes

590
00:26:56,000 --> 00:26:59,120
Speaker 2: and like beauty episodes and talk about things that we

591
00:26:59,160 --> 00:27:01,440
Speaker 2: actually spend more on. And how we can be more

592
00:27:01,480 --> 00:27:02,800
Speaker 2: conscious around those.

593
00:27:02,600 --> 00:27:03,639
Speaker 1: Things one hundred percent.

594
00:27:03,720 --> 00:27:06,199
Speaker 3: And the main things that came out of that conversation

595
00:27:06,320 --> 00:27:10,000
Speaker 3: were to shop for pieces that will last you longer

596
00:27:10,040 --> 00:27:12,720
Speaker 3: than a season or a week. I think in that

597
00:27:12,960 --> 00:27:17,200
Speaker 3: chat we uncovered that most fast fashion items you wear

598
00:27:17,240 --> 00:27:20,000
Speaker 3: a number of seven times and then they get thrown out.

599
00:27:20,160 --> 00:27:21,960
Speaker 2: Yes. It was like you wear it for a week

600
00:27:22,000 --> 00:27:22,400
Speaker 2: and then you.

601
00:27:22,320 --> 00:27:24,760
Speaker 3: Put it yeah, And it was ridiculous, And there were

602
00:27:24,760 --> 00:27:27,479
Speaker 3: so many starts in there about how bad fast fashion

603
00:27:27,520 --> 00:27:28,240
Speaker 3: is for the environment.

604
00:27:28,240 --> 00:27:30,000
Speaker 1: So go back, have a listen if you haven't.

605
00:27:30,520 --> 00:27:32,880
Speaker 3: The other really good thing that kind of ties into

606
00:27:32,920 --> 00:27:36,960
Speaker 3: this is to delete shopping apps like Asos, the Iconic, etc.

607
00:27:37,440 --> 00:27:39,240
Speaker 3: So get them off your phone and then it's just

608
00:27:39,359 --> 00:27:40,560
Speaker 3: out of sight, out of mind.

609
00:27:40,960 --> 00:27:42,520
Speaker 1: If you can't see it, you don't want it.

610
00:27:42,600 --> 00:27:44,840
Speaker 3: So I think that's been really helpful for me as well,

611
00:27:44,840 --> 00:27:46,680
Speaker 3: and I'd really recommend that one as a little hack.

612
00:27:46,800 --> 00:27:48,879
Speaker 2: I love that, and I think it's really important, Like

613
00:27:48,960 --> 00:27:51,320
Speaker 2: if it's out of sight, it is often out of mind.

614
00:27:51,680 --> 00:27:54,280
Speaker 2: And I know that that seems like a really silly tip.

615
00:27:54,359 --> 00:27:57,160
Speaker 2: It's like, oh, just delete it. You're like, well, maybe

616
00:27:57,160 --> 00:27:59,280
Speaker 2: I'll still spend it it's like no, because you'll forget

617
00:27:59,320 --> 00:28:01,399
Speaker 2: to go and chat can you go. There'll be a

618
00:28:01,400 --> 00:28:03,600
Speaker 2: couple of times, I promise where you open your phone

619
00:28:03,640 --> 00:28:06,120
Speaker 2: and you're about to hit the asource app, then it's

620
00:28:06,160 --> 00:28:08,440
Speaker 2: not there, and you remember that you wanted to spend less,

621
00:28:08,480 --> 00:28:11,159
Speaker 2: and then you stop looking for that app and it

622
00:28:11,320 --> 00:28:12,119
Speaker 2: becomes a habit.

623
00:28:12,320 --> 00:28:12,840
Speaker 4: And Georgia.

624
00:28:13,000 --> 00:28:15,480
Speaker 2: Last week we had one of our self care We're

625
00:28:15,520 --> 00:28:19,720
Speaker 2: binars with our friend and psychologist Brianna, and she was

626
00:28:19,760 --> 00:28:22,200
Speaker 2: saying on this webinar that it only takes twenty one

627
00:28:22,280 --> 00:28:24,760
Speaker 2: days to form a brand new habit. And I always

628
00:28:24,800 --> 00:28:27,240
Speaker 2: thought that was just a saying, but it turns out

629
00:28:27,280 --> 00:28:30,320
Speaker 2: there's a heap of research behind it. So do something

630
00:28:30,400 --> 00:28:33,520
Speaker 2: for twenty one days, maybe delete all shopping apps from

631
00:28:33,520 --> 00:28:35,480
Speaker 2: your phone for twenty one days and give yourself a

632
00:28:35,520 --> 00:28:37,680
Speaker 2: little bit of a challenge. You can create a new

633
00:28:37,680 --> 00:28:39,040
Speaker 2: habit fantastic.

634
00:28:39,200 --> 00:28:41,280
Speaker 3: The same with Instagram as well. I had a little

635
00:28:41,320 --> 00:28:44,960
Speaker 3: spell off Instagram for a few months and it was huge.

636
00:28:45,040 --> 00:28:46,920
Speaker 3: I just didn't want anything because I wasn't seeing the

637
00:28:46,960 --> 00:28:50,479
Speaker 3: influencers spooking the brands, and I just didn't really know

638
00:28:50,880 --> 00:28:53,120
Speaker 3: what I wanted. So mainly I've been wearing a tracksuit

639
00:28:53,120 --> 00:28:55,240
Speaker 3: for the last six months, so looking.

640
00:28:55,000 --> 00:28:56,840
Speaker 1: Good, but you know, saving thank you.

641
00:28:57,000 --> 00:29:01,400
Speaker 2: Yeah, yeah, all right, let's get into our next hack,

642
00:29:01,560 --> 00:29:05,840
Speaker 2: and this fourth hack is meal planning. And I love

643
00:29:05,920 --> 00:29:09,120
Speaker 2: talking about meal planning, but meal plan as much as

644
00:29:09,120 --> 00:29:11,760
Speaker 2: you can to reduce the temptation to order things from

645
00:29:11,840 --> 00:29:14,080
Speaker 2: Uber eats, like I am really good at, or grab

646
00:29:14,120 --> 00:29:18,080
Speaker 2: expensive takeaway options. I also find that often if I

647
00:29:18,120 --> 00:29:21,320
Speaker 2: haven't planned a meal, I'm very likely to go, you

648
00:29:21,320 --> 00:29:23,479
Speaker 2: know what, I'm going to be really quote good and

649
00:29:23,560 --> 00:29:26,600
Speaker 2: not go get Uber eats or take a takeaway, But

650
00:29:26,800 --> 00:29:29,600
Speaker 2: I end up going to the supermarket and being more

651
00:29:29,640 --> 00:29:33,040
Speaker 2: impulsive and ending up spending more at the supermarket. Like

652
00:29:33,120 --> 00:29:35,640
Speaker 2: I'll go and go to get dinner for two people,

653
00:29:35,720 --> 00:29:38,360
Speaker 2: and I'll walk out with a fifty dollars grocery bill

654
00:29:38,400 --> 00:29:40,320
Speaker 2: and I'll be like, how did that even happen? I

655
00:29:40,440 --> 00:29:42,960
Speaker 2: was just meant to get dinner for tonight. So for me,

656
00:29:43,400 --> 00:29:45,600
Speaker 2: the more you plan, the more you're going to save.

657
00:29:45,680 --> 00:29:48,360
Speaker 2: And you'd honestly be so surprised at how much you

658
00:29:48,400 --> 00:29:51,240
Speaker 2: can save. Say, for example, if you're eating Uber eats

659
00:29:51,320 --> 00:29:55,320
Speaker 2: twice a week just yourself, that's probably sixty dollars at

660
00:29:55,440 --> 00:29:58,760
Speaker 2: least including delivery and times that by fifty two. For

661
00:29:58,800 --> 00:30:01,960
Speaker 2: every week of the year, that's three thousand, one hundred

662
00:30:02,040 --> 00:30:04,560
Speaker 2: and twenty dollars that you've spent over the year when

663
00:30:04,560 --> 00:30:06,640
Speaker 2: you could have just been a little bit more organized

664
00:30:06,680 --> 00:30:09,040
Speaker 2: and instead planned for meals that are a little bit

665
00:30:09,120 --> 00:30:13,200
Speaker 2: more affordable. So for me, that's a massive saving. But

666
00:30:13,400 --> 00:30:15,960
Speaker 2: what I want you to do for every time you

667
00:30:16,080 --> 00:30:18,880
Speaker 2: say no to Uber eats or a coffee, I want

668
00:30:18,920 --> 00:30:21,239
Speaker 2: you to take that money that you were going to

669
00:30:21,280 --> 00:30:25,800
Speaker 2: spend and transfer that straight into your savings account. Because

670
00:30:25,800 --> 00:30:27,600
Speaker 2: at the end of the day, if you are leaving

671
00:30:27,760 --> 00:30:30,840
Speaker 2: your savings that you have saved from not having Uber

672
00:30:30,840 --> 00:30:34,320
Speaker 2: eats and not putting it to good work, it's a

673
00:30:34,360 --> 00:30:36,680
Speaker 2: waste because you'll see it in your spending account and

674
00:30:36,720 --> 00:30:39,080
Speaker 2: you'll just spend it on something else. So we want

675
00:30:39,120 --> 00:30:41,360
Speaker 2: to take it out of that situation and put it

676
00:30:41,400 --> 00:30:43,760
Speaker 2: in a place where we can actually save it. If

677
00:30:43,800 --> 00:30:48,080
Speaker 2: you're saving sixty dollars, you know, every single week, that's

678
00:30:48,120 --> 00:30:49,040
Speaker 2: three thousand dollars.

679
00:30:49,040 --> 00:30:50,120
Speaker 4: Georgia, that's a holiday.

680
00:30:50,360 --> 00:30:52,360
Speaker 2: Do you want Uber eats twice a week or do

681
00:30:52,400 --> 00:30:54,360
Speaker 2: you want to go on an extra holiday each year

682
00:30:54,400 --> 00:30:57,120
Speaker 2: like which would you like, obviously I want you to

683
00:30:57,160 --> 00:31:00,240
Speaker 2: be investing that in your future financial freedom, but to

684
00:31:00,240 --> 00:31:03,360
Speaker 2: be honest, like, we can actually create a life that.

685
00:31:03,280 --> 00:31:06,160
Speaker 4: We really want when we put our head to.

686
00:31:06,160 --> 00:31:08,920
Speaker 2: It, if that makes sense. So I think that's really important.

687
00:31:09,280 --> 00:31:13,040
Speaker 2: The second thing here is work out what reasonable and

688
00:31:13,080 --> 00:31:16,320
Speaker 2: affordable swaps you can make. And Georgia, I know you

689
00:31:16,440 --> 00:31:22,200
Speaker 2: love Audi cheese. Wow, And yeah, surprise, guys, George's obsessed

690
00:31:22,200 --> 00:31:26,080
Speaker 2: with Audi cheese. No, but honestly, George's obsessed with Audi cheese.

691
00:31:26,120 --> 00:31:29,160
Speaker 2: And I think that I was so surprised with Audi

692
00:31:29,360 --> 00:31:32,000
Speaker 2: and the amount of things I could swap. It's probably

693
00:31:32,000 --> 00:31:34,760
Speaker 2: been really good because an Audi has actually opened up

694
00:31:34,800 --> 00:31:37,560
Speaker 2: in my suburb in the last I think six months,

695
00:31:37,600 --> 00:31:39,000
Speaker 2: probably longer than six months.

696
00:31:39,040 --> 00:31:39,240
Speaker 5: Now.

697
00:31:39,560 --> 00:31:41,240
Speaker 4: ISO just feels like it's all one.

698
00:31:41,080 --> 00:31:44,479
Speaker 2: Week, and I've been going there far more and finding

699
00:31:44,520 --> 00:31:48,160
Speaker 2: I'm spending far less. So for me, I was really

700
00:31:48,160 --> 00:31:50,640
Speaker 2: surprised at the quality, and I was really surprised at

701
00:31:50,640 --> 00:31:53,440
Speaker 2: how easy it is to save with them. But then

702
00:31:53,560 --> 00:31:57,200
Speaker 2: also they have catalogs, and most supermarkets have catalogs, let's

703
00:31:57,240 --> 00:31:59,240
Speaker 2: be honest, but they are super fun to look through

704
00:31:59,440 --> 00:32:01,200
Speaker 2: and see all of the specials that are going on

705
00:32:01,240 --> 00:32:03,479
Speaker 2: this week. Geor, I know you know the Catalog Day

706
00:32:03,520 --> 00:32:06,440
Speaker 2: because you're a catalog fien, but I am not. But

707
00:32:06,480 --> 00:32:08,680
Speaker 2: I've recently gotten into it and I just I don't know.

708
00:32:08,760 --> 00:32:10,040
Speaker 2: I like seeing what I can say.

709
00:32:10,320 --> 00:32:12,640
Speaker 1: It's so fun. It's weird, even like.

710
00:32:12,640 --> 00:32:15,520
Speaker 2: Dishwashing liquid and like dish washing tablets because I'm an adult,

711
00:32:15,560 --> 00:32:18,720
Speaker 2: like I actually wait until they're on sale now.

712
00:32:18,560 --> 00:32:19,239
Speaker 4: To purchase them.

713
00:32:19,320 --> 00:32:21,680
Speaker 2: I'm like, I am not buying that full price. I

714
00:32:21,760 --> 00:32:23,520
Speaker 2: know in a couple of weeks it'll be on sale,

715
00:32:23,600 --> 00:32:25,280
Speaker 2: and then I'm like checking to see if it is

716
00:32:25,320 --> 00:32:27,600
Speaker 2: on sale so that I make sure that I go down.

717
00:32:27,440 --> 00:32:30,480
Speaker 4: That aisle if I'm at the shop exactly. There's something

718
00:32:30,560 --> 00:32:32,000
Speaker 4: really satisfying about it.

719
00:32:32,040 --> 00:32:34,600
Speaker 2: Anyway, just to plug it in here, we will be

720
00:32:34,680 --> 00:32:38,000
Speaker 2: releasing a budget healthy eating ebook and doing a whole

721
00:32:38,040 --> 00:32:41,000
Speaker 2: episode on how to budget for groceries really really soon,

722
00:32:41,280 --> 00:32:44,240
Speaker 2: so do watch this space. We are working with Millie

723
00:32:44,320 --> 00:32:48,120
Speaker 2: who is an absolutely fantastic dietitian. Maybe we'll actually link

724
00:32:48,160 --> 00:32:51,400
Speaker 2: her in our Mister Stories this week. She'd love that

725
00:32:51,600 --> 00:32:53,840
Speaker 2: so people can get on board early. But she has

726
00:32:53,880 --> 00:32:56,400
Speaker 2: been so delightful. She's actually a friend of Georgia's that

727
00:32:56,720 --> 00:32:58,200
Speaker 2: I've wrote in to do some work.

728
00:32:58,280 --> 00:32:59,040
Speaker 4: She's on the money.

729
00:32:59,280 --> 00:33:02,120
Speaker 2: But I'm really excited about this because I want a budget,

730
00:33:02,120 --> 00:33:04,880
Speaker 2: healthy eating ebook where we can actually work out how

731
00:33:04,960 --> 00:33:07,440
Speaker 2: much each meal is and you know, maybe.

732
00:33:07,240 --> 00:33:08,080
Speaker 4: All save the money.

733
00:33:08,040 --> 00:33:10,080
Speaker 2: Imagine if we get all saved sixty bucks.

734
00:33:09,880 --> 00:33:11,760
Speaker 1: A week, it's a massive saving.

735
00:33:11,920 --> 00:33:14,040
Speaker 3: Yeah, and people do ask about how they can save

736
00:33:14,080 --> 00:33:16,440
Speaker 3: on their groceries a lot, so that'll be a great

737
00:33:16,440 --> 00:33:18,120
Speaker 3: little episode, Victoria.

738
00:33:18,400 --> 00:33:20,640
Speaker 1: Next hack, we're up to hack number five.

739
00:33:20,960 --> 00:33:24,080
Speaker 2: Hack five is make the most of the amazing tools

740
00:33:24,080 --> 00:33:26,840
Speaker 2: that are out there, things like round up apps and

741
00:33:26,960 --> 00:33:29,920
Speaker 2: templates cough, She's on the money. Templates to help you

742
00:33:30,040 --> 00:33:33,080
Speaker 2: save Georgia apps that help you round up without knowing it.

743
00:33:33,200 --> 00:33:36,280
Speaker 2: Mindless saving is honestly the best. And you guys know

744
00:33:36,400 --> 00:33:40,240
Speaker 2: that I use these apps myself, so round up it's

745
00:33:40,280 --> 00:33:42,640
Speaker 2: not a new idea. There are a fair few apps

746
00:33:42,680 --> 00:33:44,840
Speaker 2: that do a lot of different things. We've spoken about

747
00:33:44,840 --> 00:33:46,520
Speaker 2: a fair few of them on the show. You guys

748
00:33:46,560 --> 00:33:48,840
Speaker 2: would have heard of shot Back, which we adore. You

749
00:33:48,840 --> 00:33:51,400
Speaker 2: would have heard of Rays, which I really love. It's

750
00:33:51,400 --> 00:33:53,960
Speaker 2: an investment app that I personally use. You would have

751
00:33:54,000 --> 00:33:57,480
Speaker 2: heard of Wiser, who are a new podcast partner for us.

752
00:33:57,760 --> 00:34:00,760
Speaker 2: They are delightful, but they round up and they pay

753
00:34:00,800 --> 00:34:04,440
Speaker 2: off debt, which, honestly, if you're in debt, savings isn't

754
00:34:04,480 --> 00:34:06,560
Speaker 2: a thing. Like you need to be getting out of

755
00:34:06,560 --> 00:34:09,400
Speaker 2: debt before we think about savings. But these hacks, guys,

756
00:34:09,440 --> 00:34:12,520
Speaker 2: theses can all apply to paying down your debt faster

757
00:34:12,640 --> 00:34:14,680
Speaker 2: as well. So if you're listening to these and going

758
00:34:14,719 --> 00:34:18,080
Speaker 2: but Victoria, I can't save, that is fine. But what

759
00:34:18,120 --> 00:34:20,520
Speaker 2: I want you to do is apply these same things

760
00:34:20,560 --> 00:34:23,480
Speaker 2: to get out of debt faster. You would have also

761
00:34:23,560 --> 00:34:26,040
Speaker 2: heard of Suppora, which is a round up savings app,

762
00:34:26,360 --> 00:34:29,160
Speaker 2: but we've spoken about them before, but they are honestly

763
00:34:29,239 --> 00:34:32,640
Speaker 2: so powerful because they automate it. They'd make things easy

764
00:34:32,760 --> 00:34:36,000
Speaker 2: for you to do additional savings and you would be

765
00:34:36,040 --> 00:34:39,480
Speaker 2: surprised about how they add up every single year. Also,

766
00:34:39,840 --> 00:34:43,600
Speaker 2: using templates can be really powerful to put money away

767
00:34:43,640 --> 00:34:45,799
Speaker 2: each month or week to meet your goal, and it's

768
00:34:45,840 --> 00:34:48,560
Speaker 2: really fun at seeing progress along the way as well.

769
00:34:48,840 --> 00:34:51,920
Speaker 2: I know we've created a number of the coloring templates

770
00:34:51,920 --> 00:34:53,680
Speaker 2: where you can color in a box each week and

771
00:34:53,760 --> 00:34:56,719
Speaker 2: transferred that amount. Guys, we do have some templates that

772
00:34:56,760 --> 00:34:59,840
Speaker 2: are being reworked at the moment. People request them so often,

773
00:35:00,000 --> 00:35:01,680
Speaker 2: but if you want to use the ones that we've

774
00:35:01,719 --> 00:35:04,279
Speaker 2: already got out there, you can find them in our

775
00:35:04,320 --> 00:35:08,600
Speaker 2: Instagram highlights or in the Facebook group. Visuals really help

776
00:35:08,680 --> 00:35:11,960
Speaker 2: us see the cumulative impact of small savings achievements and

777
00:35:12,040 --> 00:35:15,239
Speaker 2: can help you stay motivated and on track, Georgia. The

778
00:35:15,239 --> 00:35:17,520
Speaker 2: amount of messages we get from people being like, oh,

779
00:35:17,600 --> 00:35:20,400
Speaker 2: I used your five thousand dollars savings hack, or the

780
00:35:20,440 --> 00:35:23,720
Speaker 2: other week I had a beautiful message from a lovely

781
00:35:23,760 --> 00:35:26,200
Speaker 2: woman who said, Victoria, I've just used your ten thousand

782
00:35:26,200 --> 00:35:29,160
Speaker 2: dollars savings hack. I've bought a car outright. I'm a

783
00:35:29,239 --> 00:35:31,960
Speaker 2: single mum. I didn't even know that this was possible,

784
00:35:32,239 --> 00:35:34,960
Speaker 2: and I just love that there are just different tools

785
00:35:34,960 --> 00:35:36,960
Speaker 2: out there that can help us achieve things that we

786
00:35:37,000 --> 00:35:40,400
Speaker 2: didn't think we could before. Anyway, Georgia, I think it

787
00:35:40,440 --> 00:35:43,600
Speaker 2: is now time for our sixth and final hack and

788
00:35:43,840 --> 00:35:44,840
Speaker 2: you can take it away.

789
00:35:44,840 --> 00:35:48,320
Speaker 1: What is it, Georgia Privileged? Alrighty guys, so don't.

790
00:35:48,239 --> 00:35:49,960
Speaker 2: Don't be too over the top though.

791
00:35:50,360 --> 00:35:53,240
Speaker 3: Hack at number six is pretty much the most simple

792
00:35:53,280 --> 00:35:56,359
Speaker 3: one here. Simply to be smarter with how you shot

793
00:35:56,480 --> 00:36:00,160
Speaker 3: via central atoms like your groceries like your petrols. So

794
00:36:00,280 --> 00:36:04,680
Speaker 3: essentially refraining from buying anything full price is a really

795
00:36:04,680 --> 00:36:08,239
Speaker 3: good idea. As we know from our Fast Fashion episode,

796
00:36:08,280 --> 00:36:12,480
Speaker 3: like the amount that those retailers put on top of

797
00:36:12,560 --> 00:36:16,160
Speaker 3: the actual wholesale price of the product is ridiculous. So

798
00:36:16,320 --> 00:36:19,320
Speaker 3: if for no other reason than to save yourself money,

799
00:36:19,760 --> 00:36:22,000
Speaker 3: just don't buy things full price. Make the most of

800
00:36:22,040 --> 00:36:25,640
Speaker 3: op shops, vintage sites and stores, markets, et cetera, folk

801
00:36:25,680 --> 00:36:27,840
Speaker 3: food stores. I think we spoke about that was last

802
00:36:27,840 --> 00:36:29,600
Speaker 3: week or the week before on the show.

803
00:36:29,719 --> 00:36:31,600
Speaker 4: Oh yeah, the spices yep.

804
00:36:31,680 --> 00:36:34,319
Speaker 3: So you can just shop a little bit more creatively

805
00:36:34,640 --> 00:36:38,799
Speaker 3: and you can save so much money. Facebook Marketplace is

806
00:36:38,840 --> 00:36:43,080
Speaker 3: another great one, eBay, gum Tree, Etsy, you know, there's

807
00:36:43,160 --> 00:36:45,840
Speaker 3: just there's smarter ways that we can be shopping. Markets

808
00:36:45,920 --> 00:36:48,840
Speaker 3: are another good one. Was there anything else? V Actually

809
00:36:48,920 --> 00:36:51,920
Speaker 3: I wrote down here libraries as well, and.

810
00:36:52,040 --> 00:36:54,279
Speaker 2: Our libraries are so underrated.

811
00:36:54,880 --> 00:36:58,800
Speaker 1: That is exactly the word that I was going to use. You.

812
00:36:58,880 --> 00:37:04,360
Speaker 3: No, it is, but libraries are extremely underrated. They're not nerdy,

813
00:37:04,560 --> 00:37:07,440
Speaker 3: they're very cool, but you know, they've got everything they've got.

814
00:37:07,640 --> 00:37:09,719
Speaker 2: I mean, they're not nerdy, they're very cool. Coming from

815
00:37:09,719 --> 00:37:13,160
Speaker 2: two gals who run a finance podcast, like, I'm just

816
00:37:13,239 --> 00:37:15,799
Speaker 2: not sure if you can trust our recommendation. But guys,

817
00:37:15,800 --> 00:37:18,080
Speaker 2: if you take one thing from this set that isn't

818
00:37:18,080 --> 00:37:21,040
Speaker 2: a savings hack, it is honestly that libraries aren't underrated

819
00:37:21,280 --> 00:37:23,719
Speaker 2: if you have a library card. And I hope that

820
00:37:23,800 --> 00:37:27,040
Speaker 2: our editor puts that song about library cards in the

821
00:37:27,040 --> 00:37:28,560
Speaker 2: background of this conversation, with.

822
00:37:28,680 --> 00:37:33,200
Speaker 6: The thoughts and dreams of people throughout history, and all

823
00:37:33,320 --> 00:37:37,440
Speaker 6: you needs this little code to quarrel them for free.

824
00:37:38,719 --> 00:37:41,960
Speaker 2: A library has access to books, it has access to DVDs,

825
00:37:42,120 --> 00:37:43,279
Speaker 2: You have access.

826
00:37:42,960 --> 00:37:44,520
Speaker 4: To ebooks more often than not.

827
00:37:44,640 --> 00:37:46,880
Speaker 2: Yeah, if you have a library card, Yeah, exactly, you

828
00:37:46,920 --> 00:37:49,960
Speaker 2: will have a log into their online portal to listen

829
00:37:50,000 --> 00:37:52,960
Speaker 2: to ebooks for free. And I think that that is awesome.

830
00:37:53,320 --> 00:37:56,839
Speaker 2: So yes, Georgia, great hack. But then also, once we're

831
00:37:56,840 --> 00:37:59,640
Speaker 2: out of COVID life, a lot of libraries from Mum

832
00:37:59,640 --> 00:38:02,240
Speaker 2: and bubb sessions as well, so they'll have like reading

833
00:38:02,239 --> 00:38:04,920
Speaker 2: sessions for young kids or babies. And I just think

834
00:38:04,960 --> 00:38:07,719
Speaker 2: that they have so many underrated resources that we just

835
00:38:07,760 --> 00:38:09,920
Speaker 2: don't talk about enough. And I know that there are

836
00:38:09,960 --> 00:38:12,040
Speaker 2: a fair few librarians. And now she's on the money

837
00:38:12,040 --> 00:38:15,080
Speaker 2: community as well, so shout out to you guys, because

838
00:38:15,080 --> 00:38:16,839
Speaker 2: you just don't get the credit you deserve if I'm

839
00:38:16,840 --> 00:38:17,680
Speaker 2: being honest.

840
00:38:17,440 --> 00:38:21,440
Speaker 3: One, so I hope you guys enjoyed our hacks today.

841
00:38:21,520 --> 00:38:24,839
Speaker 3: But to kind of round out today's conversation, Victoria, if

842
00:38:24,840 --> 00:38:28,560
Speaker 3: someone came to you and said, hey, Victoria, I'm useless

843
00:38:28,560 --> 00:38:30,640
Speaker 3: at saving I always have been, I always will be,

844
00:38:31,200 --> 00:38:33,799
Speaker 3: in a slightly deeper voice than mine, what would you

845
00:38:33,840 --> 00:38:35,319
Speaker 3: say to them?

846
00:38:35,719 --> 00:38:37,960
Speaker 2: I'd say, why are you using a slightly deeper voice

847
00:38:37,960 --> 00:38:38,680
Speaker 2: than George's.

848
00:38:38,800 --> 00:38:39,799
Speaker 4: But I'd also.

849
00:38:39,640 --> 00:38:43,120
Speaker 2: Say stop thinking like that. You absolutely can do it,

850
00:38:43,160 --> 00:38:46,200
Speaker 2: and you are as capable as anybody to start practicing

851
00:38:46,200 --> 00:38:49,560
Speaker 2: good money habits and start taking control of your finances.

852
00:38:49,800 --> 00:38:50,520
Speaker 4: You need to just.

853
00:38:50,480 --> 00:38:52,799
Speaker 2: Start small, take on board a few of the hacks

854
00:38:52,840 --> 00:38:55,279
Speaker 2: that we've provided today, and when you fall down, just

855
00:38:55,320 --> 00:38:58,120
Speaker 2: get back up again. Don't beat yourself up, And the

856
00:38:58,239 --> 00:39:00,759
Speaker 2: sooner that you're out of that headspace, the sooner you're

857
00:39:00,800 --> 00:39:03,640
Speaker 2: going to start seeing the savings reflected back in your

858
00:39:03,680 --> 00:39:07,000
Speaker 2: actual bank account. For me, it's more about just getting

859
00:39:07,080 --> 00:39:08,319
Speaker 2: up and getting on with it.

860
00:39:08,560 --> 00:39:10,520
Speaker 4: Don't judge yourself past.

861
00:39:10,320 --> 00:39:13,440
Speaker 2: Use mistakes like you use the tools and resources that

862
00:39:13,480 --> 00:39:15,600
Speaker 2: you had at that time, and I think, you know,

863
00:39:15,800 --> 00:39:20,160
Speaker 2: talking about learned helplessness here was really important, Like choose

864
00:39:20,400 --> 00:39:23,439
Speaker 2: to just try something different, pick a new tool, pick

865
00:39:23,480 --> 00:39:26,279
Speaker 2: a template, do something, but don't try and do it

866
00:39:26,280 --> 00:39:28,479
Speaker 2: all at once either, because it can be a little

867
00:39:28,520 --> 00:39:29,319
Speaker 2: bit overwhelming.

868
00:39:29,440 --> 00:39:31,120
Speaker 1: Let's be honest, very well said.

869
00:39:31,160 --> 00:39:34,799
Speaker 3: Before we head into today's listener question, I will be

870
00:39:34,840 --> 00:39:38,080
Speaker 3: posting a little thread in our Facebook group today so

871
00:39:38,120 --> 00:39:40,640
Speaker 3: that you guys can share your money hags, tell us

872
00:39:40,680 --> 00:39:43,160
Speaker 3: what you think about ours, and I might even splice

873
00:39:43,160 --> 00:39:45,719
Speaker 3: them together and make a little blog for us all

874
00:39:45,719 --> 00:39:47,200
Speaker 3: to have a little pervat.

875
00:39:47,160 --> 00:39:52,680
Speaker 2: Yes, please, all right, listener question, let's go, Hi, girls, I.

876
00:39:52,600 --> 00:39:54,440
Speaker 6: Have a question about saving and what I'm meant to

877
00:39:54,440 --> 00:39:56,800
Speaker 6: be doing at my age. So I'm twenty four and

878
00:39:56,840 --> 00:39:59,160
Speaker 6: i have sixty thousand dollars in the bank, but I'm

879
00:39:59,200 --> 00:40:01,840
Speaker 6: not really saving for any in particular. It's more than

880
00:40:01,880 --> 00:40:03,440
Speaker 6: one day. I'd like to buy a house or something,

881
00:40:03,719 --> 00:40:05,520
Speaker 6: but at the moment it's like I'm addicted to saving.

882
00:40:06,400 --> 00:40:08,520
Speaker 6: Sometimes I feel like I restrict myself too much, and

883
00:40:08,560 --> 00:40:10,520
Speaker 6: my friends do often call me tight, which is annoying,

884
00:40:10,880 --> 00:40:12,360
Speaker 6: and I know most of them have nowhere near as

885
00:40:12,440 --> 00:40:14,399
Speaker 6: much money as me, But I just kind of feel

886
00:40:14,400 --> 00:40:15,120
Speaker 6: like I should keep.

887
00:40:15,040 --> 00:40:16,360
Speaker 4: On saving if that makes sense?

888
00:40:17,200 --> 00:40:19,719
Speaker 6: Am I being a bad person by prioritizing my savings?

889
00:40:20,040 --> 00:40:22,760
Speaker 6: Should I like spend more when I'm young? Thanks?

890
00:40:22,800 --> 00:40:25,399
Speaker 1: Girls? Alrighty bebe What should she do?

891
00:40:26,239 --> 00:40:28,960
Speaker 2: I think this is really important for her to remember

892
00:40:28,960 --> 00:40:31,040
Speaker 2: that she's done an incredible job, and I think she

893
00:40:31,080 --> 00:40:33,920
Speaker 2: needs to give herself some credit for that. Often, when

894
00:40:34,000 --> 00:40:36,960
Speaker 2: we start doing something, though I know she said, it

895
00:40:37,000 --> 00:40:39,919
Speaker 2: can feel like she's addicted to it. That's totally a thing.

896
00:40:40,239 --> 00:40:42,920
Speaker 2: We become so set in it. It's all or nothing.

897
00:40:43,120 --> 00:40:45,640
Speaker 2: It's that kind of like all or nothing mentality where

898
00:40:45,640 --> 00:40:48,000
Speaker 2: if you're not going really hard, you're not good at it.

899
00:40:48,120 --> 00:40:50,719
Speaker 2: And it's kind of like that's not the case at all.

900
00:40:50,840 --> 00:40:53,920
Speaker 2: We actually need saving to be really sustainable, and it

901
00:40:54,000 --> 00:40:57,440
Speaker 2: is not realistic to expect to always be able to

902
00:40:57,480 --> 00:41:00,520
Speaker 2: save that much and that aggressively. And I think if

903
00:41:00,520 --> 00:41:03,640
Speaker 2: we put that level of expectation on ourselves all the time,

904
00:41:03,719 --> 00:41:06,279
Speaker 2: we'll be really let down in the long term. So

905
00:41:06,360 --> 00:41:08,440
Speaker 2: I think she needs to remember, one, you're doing an

906
00:41:08,440 --> 00:41:11,640
Speaker 2: incredible job, but two we all need to live a

907
00:41:11,640 --> 00:41:14,279
Speaker 2: bit like I am definitely not. And this sounds hypocritical

908
00:41:14,280 --> 00:41:16,920
Speaker 2: because one of our savings tips was literally have a

909
00:41:16,960 --> 00:41:19,880
Speaker 2: coffee at home. But like, I only want you to

910
00:41:19,920 --> 00:41:21,839
Speaker 2: do that if that's in line with your goals and

911
00:41:21,880 --> 00:41:24,480
Speaker 2: your values and something that is going to prove useful

912
00:41:24,520 --> 00:41:27,520
Speaker 2: to you. I don't want you to be compromising your

913
00:41:27,560 --> 00:41:31,320
Speaker 2: lifestyle because old age, let's be honest, is a grace

914
00:41:31,360 --> 00:41:33,759
Speaker 2: that is not given to everybody, and I think that

915
00:41:33,760 --> 00:41:36,440
Speaker 2: we need to enjoy life along the way and have

916
00:41:36,560 --> 00:41:38,640
Speaker 2: a little bit fun. You've done in a great job

917
00:41:38,680 --> 00:41:41,799
Speaker 2: at saving, and clearly you're incredibly good at that, and

918
00:41:41,880 --> 00:41:45,280
Speaker 2: also it deglade gratification. But life is there to honestly

919
00:41:45,360 --> 00:41:47,680
Speaker 2: be enjoyed, and you're working to earn money to pay

920
00:41:47,719 --> 00:41:50,319
Speaker 2: for life, but also to enjoy your life. So I'm

921
00:41:50,320 --> 00:41:55,000
Speaker 2: not saying don't be yollow, but definitely, you know, give

922
00:41:55,000 --> 00:41:58,239
Speaker 2: yourself a little bit more slack, Like, enjoy life, make

923
00:41:58,280 --> 00:42:00,279
Speaker 2: sure it's in line with your goals and values, and

924
00:42:00,560 --> 00:42:01,200
Speaker 2: go from there.

925
00:42:05,760 --> 00:42:08,799
Speaker 5: Hi, I'm the twenty two year old restricted traveler and

926
00:42:08,840 --> 00:42:10,040
Speaker 5: this is my money diary.

927
00:42:10,280 --> 00:42:12,720
Speaker 3: Now it's time for everyone's favorite part of the show,

928
00:42:13,080 --> 00:42:16,400
Speaker 3: a sneak peek into the financial lives the perfect are strangers.

929
00:42:16,800 --> 00:42:18,280
Speaker 3: It's time for money diaries.

930
00:42:18,560 --> 00:42:22,160
Speaker 5: My attitude to money is that, I guess I'm really

931
00:42:22,160 --> 00:42:24,160
Speaker 5: good at saving when I have a goal in mind

932
00:42:24,200 --> 00:42:26,759
Speaker 5: and I've got something i'm working towards. But most of

933
00:42:26,840 --> 00:42:29,839
Speaker 5: the time, my goal is travel, So I will go

934
00:42:29,920 --> 00:42:32,880
Speaker 5: on these big, extravagant holidays and I love it because

935
00:42:33,320 --> 00:42:35,759
Speaker 5: that's what I love to do. But yeah, I'm really

936
00:42:35,760 --> 00:42:37,920
Speaker 5: good at saving all my money and then going on

937
00:42:37,960 --> 00:42:41,120
Speaker 5: these big trips and then coming home with nothing. So

938
00:42:41,200 --> 00:42:44,160
Speaker 5: I'm kind of working on changing that at the moment,

939
00:42:44,280 --> 00:42:46,359
Speaker 5: but yeah, I'm working on it.

940
00:42:46,600 --> 00:42:49,799
Speaker 3: So what does our restricted traveler do? How much does

941
00:42:49,840 --> 00:42:52,640
Speaker 3: she earn? And how much is sitting in her bank account.

942
00:42:52,840 --> 00:42:55,879
Speaker 5: I'm a customer relationship specialist in a bank. I make

943
00:42:56,160 --> 00:43:00,440
Speaker 5: around sixty nine thousand dollars per year or two out

944
00:43:00,440 --> 00:43:03,600
Speaker 5: to be two thousand dollars in my bank account every fortnight.

945
00:43:03,840 --> 00:43:06,040
Speaker 5: And how much money is in my bank account right now?

946
00:43:06,160 --> 00:43:09,440
Speaker 5: I think total, I've probably got around four thousand dollars.

947
00:43:09,640 --> 00:43:12,160
Speaker 1: What happens to her income once it hits her account.

948
00:43:12,360 --> 00:43:14,480
Speaker 5: First of all, my rent will come out, so I

949
00:43:14,520 --> 00:43:17,320
Speaker 5: live with my parents, but that money comes out straight away.

950
00:43:17,719 --> 00:43:20,760
Speaker 5: Then I've got twelve hundred dollars. If it goes straight

951
00:43:20,800 --> 00:43:24,120
Speaker 5: to savings, and then about one hundred and fifty goes

952
00:43:24,160 --> 00:43:27,680
Speaker 5: into my expenses account for the fortnight, and then the

953
00:43:27,719 --> 00:43:32,560
Speaker 5: rest will go into investments and just other savings accounts.

954
00:43:32,680 --> 00:43:34,360
Speaker 1: What is the attitude to investing?

955
00:43:34,600 --> 00:43:37,520
Speaker 5: I would like to do more investing. I was with

956
00:43:37,880 --> 00:43:40,000
Speaker 5: Rays for a little while, but I've just taken all

957
00:43:40,040 --> 00:43:42,880
Speaker 5: my money out of there and opened a spaceship account.

958
00:43:42,880 --> 00:43:45,960
Speaker 5: So I've got about four hundred dollars in there, and

959
00:43:46,000 --> 00:43:50,719
Speaker 5: I put in fifteen dollars a week into my spaceship account.

960
00:43:50,800 --> 00:43:53,120
Speaker 5: But yeah, I'm kind of in a consolidating all my

961
00:43:53,160 --> 00:43:56,200
Speaker 5: savings at the moment kind of moods. So I would

962
00:43:56,320 --> 00:43:59,320
Speaker 5: like to dabble in investing a bit more in the future.

963
00:43:59,440 --> 00:44:01,799
Speaker 1: Does that to Traveler? Have any debts?

964
00:44:02,040 --> 00:44:05,040
Speaker 5: I have no debt right now. As of last week,

965
00:44:05,160 --> 00:44:08,319
Speaker 5: I paid off my student loan in full and my

966
00:44:08,400 --> 00:44:10,880
Speaker 5: account was closed yesterday, so I'm debt free.

967
00:44:10,920 --> 00:44:12,800
Speaker 1: What is her best money habit?

968
00:44:12,920 --> 00:44:15,600
Speaker 5: Being able to say, really, well, I'm really good at

969
00:44:15,640 --> 00:44:18,279
Speaker 5: putting a goal in place and working towards it, and

970
00:44:18,280 --> 00:44:21,760
Speaker 5: not a lot will sway me from that. But other

971
00:44:21,880 --> 00:44:24,000
Speaker 5: than that, my biggest thing at the moment is having

972
00:44:24,040 --> 00:44:27,160
Speaker 5: gone zero waste I used to spend so much money

973
00:44:27,200 --> 00:44:30,960
Speaker 5: on skincare and beauty products, but since going zero waste,

974
00:44:31,120 --> 00:44:34,040
Speaker 5: my spending on those things has drastically cut and I'm

975
00:44:34,040 --> 00:44:35,240
Speaker 5: saving so much money.

976
00:44:35,360 --> 00:44:37,720
Speaker 1: And what is her worst money habit?

977
00:44:38,040 --> 00:44:41,439
Speaker 5: My worst money habit is probably traveling. I'm a really

978
00:44:41,520 --> 00:44:45,080
Speaker 5: chill travelist, so I don't ever plan anything and it

979
00:44:45,080 --> 00:44:47,440
Speaker 5: always bites me in the butt because I missed the

980
00:44:47,480 --> 00:44:50,759
Speaker 5: sales or I miss the good deals and stuff. So

981
00:44:50,960 --> 00:44:53,320
Speaker 5: I think if I was a better planner, that wouldn't

982
00:44:53,440 --> 00:44:54,480
Speaker 5: be a money fail.

983
00:44:54,680 --> 00:44:56,279
Speaker 1: What is her big money goal?

984
00:44:56,640 --> 00:44:58,759
Speaker 5: I've got a few right now. The next one is

985
00:44:58,760 --> 00:45:02,160
Speaker 5: buying a car. I want to buy a car with cash.

986
00:45:02,320 --> 00:45:04,799
Speaker 5: Following on from that, I've got one more year of

987
00:45:04,920 --> 00:45:08,280
Speaker 5: UNI left and I want to pay UNI fees upfront,

988
00:45:08,920 --> 00:45:10,480
Speaker 5: so I've got to say for that as well. And

989
00:45:10,560 --> 00:45:13,719
Speaker 5: then third one is moving out, so I want to

990
00:45:13,760 --> 00:45:15,840
Speaker 5: have a good set of savings behind me before I

991
00:45:15,880 --> 00:45:17,040
Speaker 5: move out in my parents' place.

992
00:45:17,440 --> 00:45:20,640
Speaker 3: And finally, what grade would the restricted traveler give her

993
00:45:20,719 --> 00:45:21,880
Speaker 3: money habits?

994
00:45:22,239 --> 00:45:25,200
Speaker 5: So I think probably twelve months ago I would have

995
00:45:25,280 --> 00:45:28,480
Speaker 5: been a bee just because of my travel spending habits.

996
00:45:28,560 --> 00:45:30,840
Speaker 5: But as of now, I feel like I'm finally getting

997
00:45:30,840 --> 00:45:34,400
Speaker 5: my finances in order. So I'm going to give myself

998
00:45:34,440 --> 00:45:37,880
Speaker 5: an a minus just because I haven't dabbled in investing

999
00:45:37,920 --> 00:45:39,200
Speaker 5: as much as I would have liked to.

1000
00:45:39,400 --> 00:45:44,200
Speaker 3: Alrighty, Victoria Devine, talk to me about today's restricted traveler.

1001
00:45:44,360 --> 00:45:46,520
Speaker 2: I really liked this money diary because I feel like

1002
00:45:46,520 --> 00:45:51,000
Speaker 2: it's pretty relatable. She's quite young, she obviously loves travel,

1003
00:45:51,200 --> 00:45:55,160
Speaker 2: but doesn't allocate enough time to planning for it in

1004
00:45:55,239 --> 00:45:57,680
Speaker 2: terms of savings. I know that a lot of us

1005
00:45:57,760 --> 00:45:59,719
Speaker 2: are in a position where, you know, let's be honest,

1006
00:45:59,880 --> 00:46:01,600
Speaker 2: a lot of us are in a position where we

1007
00:46:01,640 --> 00:46:03,319
Speaker 2: travel a lot and we just are a bit loose

1008
00:46:03,360 --> 00:46:05,600
Speaker 2: about it. But I do think that she was quite

1009
00:46:05,680 --> 00:46:08,319
Speaker 2: self aware about, you know, needing to be a little

1010
00:46:08,360 --> 00:46:10,759
Speaker 2: bit more planned, which I think is really important. The

1011
00:46:10,760 --> 00:46:12,400
Speaker 2: more we plan, the more we can save and the

1012
00:46:12,400 --> 00:46:15,160
Speaker 2: more we can allocate. And honestly, if we can budget

1013
00:46:15,200 --> 00:46:18,279
Speaker 2: for a good holiday, we come back feeling far more

1014
00:46:18,360 --> 00:46:21,040
Speaker 2: empowered because we know we've still got some savings in

1015
00:46:21,080 --> 00:46:23,840
Speaker 2: the bank. We know we are financially stable, and I

1016
00:46:23,880 --> 00:46:27,640
Speaker 2: think that's something that you know, people stress about on holidays.

1017
00:46:27,880 --> 00:46:29,759
Speaker 2: We've all been on a holiday at some point and

1018
00:46:29,800 --> 00:46:32,120
Speaker 2: been like, oh, is that a good idea or not?

1019
00:46:32,719 --> 00:46:35,000
Speaker 2: And I think that it's really important to remember that

1020
00:46:35,040 --> 00:46:37,520
Speaker 2: you're going on holiday to escape and have a really

1021
00:46:37,560 --> 00:46:39,640
Speaker 2: fun time, and the last thing you want to think

1022
00:46:39,680 --> 00:46:42,279
Speaker 2: about is money. So instead of not thinking about it

1023
00:46:42,320 --> 00:46:44,840
Speaker 2: on the trip and not before, think about it before,

1024
00:46:44,960 --> 00:46:46,920
Speaker 2: plan it before, so when you are on the trip,

1025
00:46:46,960 --> 00:46:49,279
Speaker 2: you know that you're fully okay. The second thing I

1026
00:46:49,320 --> 00:46:50,160
Speaker 2: wanted to mention.

1027
00:46:50,040 --> 00:46:51,359
Speaker 4: Is she's out of debt.

1028
00:46:51,400 --> 00:46:55,440
Speaker 2: She's officially debt free apparently as of yesterday, which I

1029
00:46:55,440 --> 00:46:58,200
Speaker 2: think is so fun. Like she paid off all of

1030
00:46:58,239 --> 00:46:59,080
Speaker 2: her student loans.

1031
00:46:59,160 --> 00:47:00,840
Speaker 4: She sounded like she was from New Zealand.

1032
00:47:00,880 --> 00:47:04,240
Speaker 2: She had a Kiwi accent that I love that accent

1033
00:47:04,320 --> 00:47:06,600
Speaker 2: as well. New Zealand is one of my favorite places.

1034
00:47:07,000 --> 00:47:10,640
Speaker 2: But I think that their loan schemes are completely different

1035
00:47:10,640 --> 00:47:13,319
Speaker 2: to ours. So she's not talking about X guys, she's

1036
00:47:13,400 --> 00:47:16,600
Speaker 2: talking about an actual student loan. But to be debt

1037
00:47:16,640 --> 00:47:17,680
Speaker 2: free amazing.

1038
00:47:17,760 --> 00:47:18,759
Speaker 4: I love that for her.

1039
00:47:18,880 --> 00:47:21,920
Speaker 2: I thought her rating was absolutely fine. I do think

1040
00:47:21,960 --> 00:47:24,160
Speaker 2: that she could be a little bit more structured in

1041
00:47:24,280 --> 00:47:27,640
Speaker 2: terms of what she was planning on holidays with, but

1042
00:47:27,680 --> 00:47:29,520
Speaker 2: at the end of the day, that's in line with

1043
00:47:29,560 --> 00:47:33,040
Speaker 2: her values and I think it's really important that people

1044
00:47:33,080 --> 00:47:35,359
Speaker 2: are spending money in line with the things that are

1045
00:47:35,400 --> 00:47:38,280
Speaker 2: most important to them, and she clearly knew that travel

1046
00:47:38,400 --> 00:47:40,600
Speaker 2: was something that was really really important to her, So

1047
00:47:40,680 --> 00:47:43,520
Speaker 2: I love that. And yeah, that's that's the wrap of

1048
00:47:43,560 --> 00:47:44,120
Speaker 2: it from me.

1049
00:47:44,200 --> 00:47:47,759
Speaker 3: Georgia King brilliantly said fee. The only thing I would

1050
00:47:47,840 --> 00:47:49,560
Speaker 3: mention as well that I thought it was really cool

1051
00:47:49,760 --> 00:47:53,239
Speaker 3: that she's gone for the zero waste option, which is

1052
00:47:53,280 --> 00:47:55,600
Speaker 3: something I've been kind of thinking about doing too, So

1053
00:47:55,640 --> 00:47:58,000
Speaker 3: maybe I'll have to get in touch and pick up

1054
00:47:58,040 --> 00:48:00,600
Speaker 3: some tips. But I thought that was yeah, a great,

1055
00:48:00,680 --> 00:48:04,880
Speaker 3: really neat little money diarist. So I reckon, it's probably

1056
00:48:04,920 --> 00:48:07,000
Speaker 3: time to wrap up the show now, V.

1057
00:48:07,200 --> 00:48:07,800
Speaker 1: What do you reckon?

1058
00:48:08,000 --> 00:48:11,440
Speaker 2: Absolutely, let's go. But before you decide to wrap up

1059
00:48:11,480 --> 00:48:14,160
Speaker 2: the show on me, I would just like to acknowledge

1060
00:48:14,160 --> 00:48:17,880
Speaker 2: and pay respects to Australia's Aboriginal and torrest Rate islander peoples,

1061
00:48:18,080 --> 00:48:22,120
Speaker 2: the traditional custodians of the lands, waterways and skies across Australia.

1062
00:48:22,400 --> 00:48:24,480
Speaker 2: We thank you for sharing and for caring for the

1063
00:48:24,560 --> 00:48:26,879
Speaker 2: land on which we are able to learn. We pay

1064
00:48:26,920 --> 00:48:29,879
Speaker 2: respects to the elders past and present, and we share

1065
00:48:29,960 --> 00:48:31,560
Speaker 2: our friendship and kindness.

1066
00:48:31,719 --> 00:48:34,040
Speaker 3: The advice shed on She's on the Money is general

1067
00:48:34,080 --> 00:48:37,800
Speaker 3: in nature and does not consider your individual circumstances. She

1068
00:48:37,960 --> 00:48:41,000
Speaker 3: Is on the Money exists purely for educational purposes and

1069
00:48:41,040 --> 00:48:43,360
Speaker 3: should not be relied upon to make an investment or

1070
00:48:43,440 --> 00:48:47,840
Speaker 3: financial decision and stress. Lest we promise, Victoria Divine is

1071
00:48:47,880 --> 00:48:52,280
Speaker 3: an authorized representative of Australia Pacific Funds Management Propriety Limited

1072
00:48:52,320 --> 00:48:55,000
Speaker 3: ABN three four one three two floors six Street two

1073
00:48:55,080 --> 00:48:58,759
Speaker 3: five seven AFSL three three nine one five one And

1074
00:48:59,120 --> 00:49:02,319
Speaker 3: as always, thank you to the big Man Brian John

1075
00:49:02,360 --> 00:49:05,880
Speaker 3: for putting up with us and for putting together today's Podcasting.

1076
00:49:05,440 --> 00:49:08,239
Speaker 2: Up with Us is absolutely correct. I feel sorry for

1077
00:49:08,320 --> 00:49:11,319
Speaker 2: you on a weekly basis, but we would love if

1078
00:49:11,360 --> 00:49:14,280
Speaker 2: you joined our Facebook group, where our community shares money

1079
00:49:14,280 --> 00:49:17,560
Speaker 2: tips and tricks every single day, free of judgment. So

1080
00:49:17,800 --> 00:49:20,160
Speaker 2: She's on the Money on Facebook and join us. If

1081
00:49:20,160 --> 00:49:22,200
Speaker 2: Facebook's not your thing, you can also find us on

1082
00:49:22,280 --> 00:49:25,000
Speaker 2: Instagram where at She's on the Money a US.

1083
00:49:25,280 --> 00:49:26,759
Speaker 3: Now, if you are a big fan of the show,

1084
00:49:26,800 --> 00:49:29,320
Speaker 3: we'd absolutely love it if you could rate, review, subscribed

1085
00:49:29,360 --> 00:49:31,080
Speaker 3: all the things so we can spread our voice a

1086
00:49:31,080 --> 00:49:34,640
Speaker 3: little father help make more people out there financially savvy.

1087
00:49:34,760 --> 00:49:36,920
Speaker 3: I guess we read everything you guys write in and

1088
00:49:36,960 --> 00:49:38,600
Speaker 3: are so appreciative.

1089
00:49:38,080 --> 00:49:40,960
Speaker 1: Of all the beautiful feedback. So yeah, it really.

1090
00:49:40,719 --> 00:49:43,680
Speaker 2: Makes our days, it makes our weeks, but you know what,

1091
00:49:43,880 --> 00:49:46,359
Speaker 2: We'll see you next week, guys, and thank you so

1092
00:49:46,440 --> 00:49:48,960
Speaker 2: much for tuning into another episode of She's on the Money.

1093
00:49:49,000 --> 00:49:49,680
Speaker 1: See you next week.

1094
00:49:49,840 --> 00:49:51,920
Speaker 2: Bye, friends,