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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order, Kernie Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money.

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Speaker 2: She's on the Money.

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Speaker 4: Hello, and welcome to She's on the mo the podcast

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Speaker 4: for millennials who want financial freedom Today, my friends, is

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Speaker 4: Friday again comes around every week so strange, which means

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Speaker 4: it is time to sit back with the girls with

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Speaker 4: a bev in hand, to unpack the week that was,

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Speaker 4: and of course to celebrate you how incredible She's on

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Speaker 4: the Money community. As always, we're going to be sharing

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Speaker 4: our favorite money wins or Georgia King will be. We

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Speaker 4: never contribute anything, do we, Jess. We're going to be

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Speaker 4: discussing what's making news in the finance world, and we

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Speaker 4: are going to be answering a juicy money question, which

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Speaker 4: this week is very self indulgent. I mean, I didn't

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Speaker 4: ask the question, but I'm very happy to answer. It's

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Speaker 4: about my budgeting cash flow system and how all of

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Speaker 4: the different bank accounts work and fit together, which I

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Speaker 4: cannot wait to dive into.

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Speaker 2: But before we.

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Speaker 4: Get their, miss Jessicarichi, tell us what happened on our

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Speaker 4: Monday's Money.

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Speaker 2: Diary this week.

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Speaker 3: We had a beautiful multi mother of two who worked

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Speaker 3: in emergency services and she had an egg donor.

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Speaker 4: An actual queen, and it was a really.

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Speaker 3: Unique situation because she spoke about this couple who put

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Speaker 3: a call out online trying to find a donor because

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Speaker 3: they wanted someone who.

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Speaker 2: Had the same heritage.

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Speaker 3: Yeah, exactly right, like they wanted, I guess for their

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Speaker 3: family to follow that lineage in a sense. And she

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Speaker 3: reached out because she fit the description of what they

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Speaker 3: were looking for. And she developed this relationship with this

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Speaker 3: couple and she you know, had their child and they're

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Speaker 3: still in contact and it was such an it made

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Speaker 3: my heart so happy. Oh my god, it was really

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Speaker 3: really special. And the way she spoke about it. She

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Speaker 3: was so passionate about giving a family an opportunity to

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Speaker 3: have a child that they couldn't have by themselves. And

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Speaker 3: she was really open, and to be honest, I didn't

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Speaker 3: know a lot about any of the egg donor or

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Speaker 3: like any of that process, and she was really happy

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Speaker 3: to share what it was like and how that worked financially,

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Speaker 3: and we.

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Speaker 4: Asked a lot of really intimate questions and she's so

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Speaker 4: grateful for But you know, this whole week, I've just

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Speaker 4: been thinking like, oh my gosh, Like there was this

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Speaker 4: gay couple who weren't sure if they could have a

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Speaker 4: baby worked out the process and them were like, oh,

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Speaker 4: we just don't know. Like we've worked out how we

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Speaker 4: go through the process. We've found someone who can be

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Speaker 4: the surrogate, but is any way we can intertwine our

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Speaker 4: heritage into this. They put this call out out and

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Speaker 4: had her reply and she was like the perfect match

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Speaker 4: for them, And so now they have babies and they

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Speaker 4: can have another one. They have babies with the same

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Speaker 4: heritage as they have, And I just think that is

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Speaker 4: so beautiful because that's a reality that a lot of

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Speaker 4: people in our community who are in those circumstances can't get.

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Speaker 3: And it was really cool that they had a relationship

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Speaker 3: because obviously when you do egg donorship, you're not always

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Speaker 3: in the picture.

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Speaker 2: So it was I felt like a really unique take

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Speaker 2: and I was, Yeah, I just didn't know there was

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Speaker 2: so much to it either.

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Speaker 4: I didn't realize that when you go, all right, I'm

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Speaker 4: going to donate an egg, there were like open egg

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Speaker 4: donations and closed eg donation.

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Speaker 2: It was very much like adoption in a.

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Speaker 4: Way, and I just I hadn't ever thought about the

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Speaker 4: semantics of that, and I was just like, this is

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Speaker 4: such a cool process. The most interesting question though, I

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Speaker 4: was like, oh my gosh, how you met the child?

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Speaker 4: Like how did you feel? And she was like she

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Speaker 4: was just another really special girl.

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Speaker 3: Like I just I love it anyway, really cool, really

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Speaker 3: really unique.

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Speaker 1: One.

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Speaker 4: Yeah, epic money story, but from one epic money story

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Speaker 4: straight into our epic Wednesday deep dive Georgia King.

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Speaker 2: What did we cover this week?

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Speaker 5: We went really deep into the subject of financial trauma.

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Speaker 5: So that's characterized as a dysfunctional reaction to chronic financial stress.

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Speaker 5: So we went through exactly what it is, what it

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Speaker 5: looks like. We learned that it's actually very similar in

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Speaker 5: its indicators to what people with post traumatic stress experience. Like,

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Speaker 5: it's a very serious thing, and we kind of spoke

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Speaker 5: about how the term trauma is often kind of used

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Speaker 5: a bit frivolously in twenty twenty two, but financial trauma

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Speaker 5: is a very real thing, and we have seen this

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Speaker 5: week so many dms of people that have really resonated

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Speaker 5: with this topic, which we didn't expect. So yeah, if

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Speaker 5: you think that that's something that you may struggle with,

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Speaker 5: definitely have a I.

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Speaker 4: Was really worried about this episode coming up because sometimes

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Speaker 4: topics like this can be really confronting. Yeah, it's kind

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Speaker 4: of like, hey, gee, here's this episode and she's on

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Speaker 4: the money, and you might have you know, been happy

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Speaker 4: listening to content and not really thought about it, and

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Speaker 4: then you're confronted with all these indicators that you really

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Speaker 4: align with and you're like, oh my gosh, I didn't

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Speaker 4: realize that I've actually been through this and this is

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Speaker 4: the thing negatively impacting me. It can actually raise, you know,

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Speaker 4: a fair bit of trauma, which obviously we provided some

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Speaker 4: financial counseling resources for that. But I think the best

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Speaker 4: thing you can do is actually just talk about it.

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Speaker 2: Talk about it.

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Speaker 4: With someone, reach out to our Debt Free Helpline for

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Speaker 4: some free financial counseling. If you're in that circumstance, reach

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Speaker 4: out to a therapist, talk to your GP. I just

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Speaker 4: think that there are so many conversations to be had,

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Speaker 4: but thankfully, if you've been able to identify it, we

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Speaker 4: can work on it. And that's a really great outcome

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Speaker 4: for anyone who found themselves in that position this week.

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Speaker 2: So love you.

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Speaker 5: Guys one hundred percent.

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Speaker 4: All right, Georgia King, I think it is time to

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Speaker 4: pivot into some lighter content now. I want to know

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Speaker 4: what are our budget Direct money wins this week.

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Speaker 5: Well, we've got some goodies, ladies. The first one of

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Speaker 5: the week comes from Alex money Win. I was looking

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Speaker 5: at accommodation in London for Christmas and New Year's for

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Speaker 5: about three.

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Speaker 2: Thousand dollars London, so expensive, getcha.

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Speaker 5: I ended up downloading an app and I found a

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Speaker 5: house sitting gig in the same locations in the same

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Speaker 5: time frame for free, for free. It is a hot,

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Speaker 5: gosh genius smart for Christmas and New Year's because so

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Speaker 5: many people are going to be away.

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Speaker 2: House sitting gigs.

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Speaker 4: I wouldn't have even considered looking for a house sitting gig.

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Speaker 2: If I was traveling.

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Speaker 3: We spoke about pet sitting we did a few weeks ago,

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Speaker 3: and house sitting, I would argue, is like even better.

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Speaker 2: House sitting is Do you reckon it?

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Speaker 4: Can start planning my holidays around random locations in the

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Speaker 4: world that people need their houses. Do you know what

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Speaker 4: I would travel for a pet Mike? If you said, hey,

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Speaker 4: I live in Italy. These are my random dates of leave.

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Speaker 4: Can you please come look after my dog? Probably be

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Speaker 4: there with absolutely What a joy. The next week comes

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Speaker 4: from aerin. After having a credit card for twenty years,

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Speaker 4: I finally paid it off and cut it to.

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Speaker 2: Shrinks yees, twenty years, What a queen? How good?

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Speaker 5: The next win comes from Anna money win. Okay, it's

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Speaker 5: a bit of a long one strap.

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Speaker 2: Ready, We're ready, money win.

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Speaker 5: I dye my hair with a supermarket hair dye. I

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Speaker 5: always checked the reduced section at the supermarket and I

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Speaker 5: happened to find the hair dye that I buy a

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Speaker 5: few days ago. It had that very tasty price of

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Speaker 5: five dollars.

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Speaker 2: Money win.

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Speaker 5: Then I went to the self checkout to see it

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Speaker 5: scan for over eleven dollars. I stood there thinking, do

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Speaker 5: I just suck it up pay that amount, or do

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Speaker 5: I get a staff member to come over and change

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Speaker 5: the price. As I grabbed three packets, it would have

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Speaker 5: been over eighteen dollars extra then the advertised reduced price.

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Speaker 5: So I called over a staffer and she asked the price.

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Speaker 5: I replied five dollars something, and she said, how does

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Speaker 5: five dollars for the lot sound?

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Speaker 4: So money?

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Speaker 6: It was?

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Speaker 5: It was definitely worth it. Well done to you, Anna.

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Speaker 5: The next wind comes from Caitlin money Win. I'm moving

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Speaker 5: in with my boyfriend and when I called to move

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Speaker 5: my current insurance, I got a five hundred and seventy

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Speaker 5: dollars refund money win straight into the car account for

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Speaker 5: next year's renewal. Would that be because maybe the parking's

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Speaker 5: not on street or something like that.

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Speaker 2: Risk.

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Speaker 4: Yeah, and different postcodes have different like risk associated with them,

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Speaker 4: and the closer you are to the city, the more

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Speaker 4: likely you are to have a higher risk profile and

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Speaker 4: therefore more insurance to pay, which means that my parents

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Speaker 4: have really good insurance and I kind of want to

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Speaker 4: move home just for that. Yeah.

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Speaker 5: The next week it comes from Luara money. When I

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Speaker 5: was walking down at the food court in the shopping

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Speaker 5: mall with my husband, and I saw fifty dollars laying

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Speaker 5: on the floor. My husband a trap stuck to a

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Speaker 5: bit of fishing.

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Speaker 2: Line, someone pulling it along along the floor.

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Speaker 5: My husband picked it up and asked the people around

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Speaker 5: if someone had dropped it. None of them had. In fact,

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Speaker 5: they said, you found it, it's.

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Speaker 2: Yours signers, keepers.

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Speaker 5: Losers, weepers. Indeed, so she's fifty dollars richer. While walking

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Speaker 5: around the mall. On that note, ladies, I saw a

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Speaker 5: one dollar coin?

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Speaker 2: Was it super glued to the ground.

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Speaker 5: I didn't pick it up? And I was like, you

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Speaker 5: have grown up, George, because I felt like a tight ass.

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Speaker 2: I don't care how old.

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Speaker 4: But I also think it's really sweet. I think it's

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Speaker 4: like passing on the lock to somebody else that makes

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Speaker 4: really sweet. It's also this whole conversation about finding money

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Speaker 4: on the ground reminds me of the boys I went

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Speaker 4: to school with. I remember in grade eleven in the

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Speaker 4: lock area, the boys with super glued two dollar coins

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Speaker 4: to the ground, like people try and pick it up

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Speaker 4: and then like make fun of them. Bullying has progressed

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Speaker 4: since then.

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Speaker 2: It seems brilliant.

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Speaker 5: That takes us to the last win slash loss of

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Speaker 5: the day. It comes from Gen money loss.

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Speaker 2: This is so good.

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Speaker 5: I got drunk on a fourteen hour flight from Melbourne

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Speaker 5: to Dubai and I paid two point seven k for

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Speaker 5: an upgrade to business Harris money win. I'm now extremely

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Speaker 5: motivated to actually be able to afford to fly business class.

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Speaker 4: Can you imagine? And it's funny because she would have

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Speaker 4: been having the time of her life dreams.

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Speaker 2: On the plane.

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Speaker 4: They're free, absolutely like having a whole other time to

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Speaker 4: then upgrade and then when you're sober, up it. But

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Speaker 4: you're like, cookie, error, I've made a horrible flight from Dubai.

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Speaker 3: Parents would have thought you would have wanted to have

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Speaker 3: done it in Australia.

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Speaker 2: How goes it? Is it ten hours?

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Speaker 4: It's a long time. It's definitely a long time. So

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Speaker 4: it would have been an expensive flight. Just she was

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Speaker 4: living our dreams. We flew to America recently and we

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Speaker 4: were like, oh, maybe we treat ourselves.

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Speaker 2: It is a business trip.

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Speaker 4: We'll see how much more expensive.

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Speaker 2: It is here we are.

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Speaker 4: Turns out we had rocks in our heads because we're like, okay,

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Speaker 4: it's a preally going to be expensive, right, because we

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Speaker 4: were booking last minute flights to the US, which is

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Speaker 4: entirely my fault because I had left it so late.

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Speaker 4: So our flights each were like two and a half

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Speaker 4: nearly three thousand dollars each return to LA which is disgusting.

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Speaker 4: But we went to a finance conference and hopefully we've

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Speaker 4: brought home this newfound knowledge, which is and she's on

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Speaker 4: the money. Were actually it's not that much more to

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Speaker 4: fly business like. We're already nearly three thousand dollars deep

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Speaker 4: each at this point, and by each, I mean six

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Speaker 4: thousand dollars deep, because I'm the business owner.

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Speaker 2: Okay for this, Yeah.

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Speaker 4: For ten thousand dollars a flight, I think not rastus.

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Speaker 4: You will sit in an economy class and you will enjoy.

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Speaker 2: It, that's all right.

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Speaker 3: I invested in a lot of like plane lutch, like

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Speaker 3: a foot hammock and like a fe yes, which is

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Speaker 3: basically business class.

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Speaker 5: It was that ten thousand, exactly ten thousand dollars pertic.

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Speaker 4: It was I think it was like thirteen thousand per

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Speaker 4: ticket to the US, and if you want to fly first,

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Speaker 4: that was like twenty six thousand dollars.

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Speaker 2: And I nearly was sick.

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Speaker 4: I thought it was a joke at the start, and

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Speaker 4: then I was like, Noah, yes, it's fine, because that

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Speaker 4: must be our tickets combined.

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Speaker 2: It wasn't.

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Speaker 4: It was eventually, so yeah, we bought foot Hammocks on

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Speaker 4: Amazon Primo. Basically a business class experience.

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Speaker 5: That is all for the Wins today.

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Speaker 4: Lady speaking as always, it has been great celebrating some

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Speaker 4: of your budget Direct money wins. Budget Direct winner can

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Speaker 4: Star's Insurer of the Year Award twenty twenty to the

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Speaker 4: fancy guys Budget Direct Insurance solved.

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Speaker 2: Let's go to a.

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Speaker 4: Really quick break and after the break we are going

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Speaker 4: to be talking about the budget and cash Flow masterclass

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Speaker 4: and the bank accounts associated with that, and we also

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Speaker 4: have some juicy news to share with you guys. Don't

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Speaker 4: go anywhere. Okay, gals, we did it again. Recently, we

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Speaker 4: pissed off some people on Instagram.

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Speaker 2: Was it me to pay? No, it wasn't. After pay.

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Speaker 3: We were talking about equal pay because it's Equal Pay

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Speaker 3: Day a couple of weeks ago, and the conversation is

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Speaker 3: still going on in our dams. So the day that

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Speaker 3: we posted it, so this would have been two weeks

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Speaker 3: weeks ago. Yeah, but the day that we posted it

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Speaker 3: it was the sixtieth day after the end of the

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Speaker 3: financial yarch. It is on that day because it's representative

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Speaker 3: of the sixty extra days that women must work on

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Speaker 3: average in Australia to earn the same annual salary the'se

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Speaker 3: earned by men, So women are under earning. Essentially, women

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Speaker 3: I have to work sixty more days, one four hundred

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Speaker 3: and forty more hours or eighty six thousand, four hundred

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Speaker 3: more minutes to earn the same amount as a man.

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Speaker 3: And the bad news is that the pay gap this

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Speaker 3: year went up. Last year went down. We were like, yes,

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Speaker 3: pro pross, we love progress, not this year. So it

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Speaker 3: actually went up zero point three percentage points over the

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Speaker 3: last six months, which is really sad and kind.

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Speaker 2: Of shitty to hear.

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Speaker 3: And people are up in our dms telling me that

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Speaker 3: the gender pay GAP's not real and that's really tough.

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Speaker 3: But also I thought, good chance for us to kind

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Speaker 3: of run over what can people do right because we've

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Speaker 3: spoken about this before, We've spoken about the wage gap before,

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Speaker 3: the pay gap before. I'm not even here to have

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Speaker 3: the argument today about whether or not it's real because

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Speaker 3: we've done it and it is. And if you don't

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Speaker 3: like it go to double away.

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Speaker 4: It's actually very funny because over the last few weeks,

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Speaker 4: I've been getting sent screen shots from people that follow

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Speaker 4: me saying, Hey, here's a screenshot of someone replying to

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Speaker 4: my story because shared your post that you put on

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Speaker 4: cheese on the money. And they're like, oh, this doesn't exist,

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Speaker 4: and they're just like block and delete, block and delete.

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Speaker 4: And my one girl replied to me and was like, Hey,

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Speaker 4: this is the guy that I've been going on dates with,

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Speaker 4: more dates for you And I was like, yes, queen.

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Speaker 3: That is if he doesn't believe in the gender pay

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Speaker 3: gap red flag.

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Speaker 4: Just ask if you're on a dating app, just go

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Speaker 4: what do you think of the gender pay gap? That

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Speaker 4: will tell you whether you should go on a date

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Speaker 4: with them or not. Don't waste your time asking it on.

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Speaker 2: A first date. Get it done up front. Genius one

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Speaker 2: thousand percent.

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Speaker 3: But the WGEO website, if you're a nonbeliever or if

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Speaker 3: you know a non believer, send them there because it

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Speaker 3: is a government website worth acknowledging. How that these stats

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Speaker 3: also don't take into account or don't currently recognize, the

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Speaker 3: even larger gap for women of color. Because we know

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Speaker 3: that there is an even bigger disparity there, but we

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Speaker 3: don't have the hard darted back it up, and it's

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Speaker 3: something we would love to see more research into for

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Speaker 3: our first nations women as well. Again, that gap is

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Speaker 3: very broad. However, today VD I thought we could talk

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Speaker 3: about tangible action we can take because I am so

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Speaker 3: sick of seeing the p people saying it's not a thing.

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Speaker 3: So I want to talk about what can we do

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Speaker 3: to make a difference. Jess is sick of it, so

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Speaker 3: we are dealing with it.

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Speaker 2: I love it.

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Speaker 4: There's a lot we can do about it, to be honest,

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Speaker 4: but it's also about awareness and that's what days like

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Speaker 4: Equal Payday bring to light, right, It's about bringing to

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Speaker 4: light the fact that it exists. And it shouldn't just

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Speaker 4: be our burden as women to carry because we earn less.

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Speaker 4: It should be everybody's burden to carry, because at the

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Speaker 4: end of the day, if it's happening in our society,

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Speaker 4: it's a societal problem, not just a women's problem. So

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Speaker 4: I think that education is key. I mean, I probably

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Speaker 4: wouldn't get in DM arguments with people who don't believe

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Speaker 4: in the gender pay gap because they don't deserve your

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Speaker 4: explanation because it is very easy to google. I'm actually

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Speaker 4: really sick of hearing it doesn't exist. Oh my gosh,

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Speaker 4: you haven't included this stat or oh this chart you've

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Speaker 4: posted doesn't include the fact that women take on less hours.

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Speaker 4: It's actually not about that. It's the fact that women

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Speaker 4: are still behind men. And what we want is not

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Speaker 4: actually for women to be above and beyond men. I'm

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Speaker 4: just asking for the exact same opportunities and to be

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Speaker 4: paid this as a man would in exactly the same

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Speaker 4: role if I have the same credentials and experience. Oh

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Speaker 4: but it's a legal to do that, So, Jessica, people

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Speaker 4: are still doing meth, aren't they. So it doesn't matter

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Speaker 4: that it is illegal. It is still happening, and I

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Speaker 4: think that we need to talk about it. We know

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Speaker 4: the cause is let's not talk about it. Is now

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Speaker 4: time for action. How do we work towards closing that gap?

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Speaker 4: One education, talking about it too, being really open and

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Speaker 4: honest about what we earn. Something that I've seen over

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Speaker 4: the last few weeks is people talking about, oh, well,

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Speaker 4: I shouldn't have to share my pay. Okay, mediocre middle

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Speaker 4: aged white man who doesn't think that anyone should know

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Speaker 4: what you earn because it's personal information. But do you

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Speaker 4: know that could change the life of the woman that

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Speaker 4: sits down the hallway from you. Do you know that

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Speaker 4: that could put someone in a better position so that

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Speaker 4: they're not homeless in retirement? Like I just think I

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00:16:50,040 --> 00:16:53,400
Speaker 4: know it exactly, exactly, and I have so much respect

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Speaker 4: for that. And if you genuinely think that your personal

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Speaker 4: value is so tied to your income that hiding it

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Speaker 4: is more important than putting other people in a better position,

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Speaker 4: You've got rocks in your head. In there is a

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Speaker 4: far big issue at play. We're at the point where

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Speaker 4: we know what's contributing to it and we need to

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Speaker 4: actually action it. And you did a really great post

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Speaker 4: the other day just on the She's on the Money page,

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Speaker 4: and you talked about things like conducting a pay gap audit,

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Speaker 4: developing an action plan, and establishing accountabilities, which sounds really

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Speaker 4: formal if I'm honest, but talking about it. If you

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Speaker 4: work in HR, bring this up as a conversation for

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Speaker 4: your organization to be able to be champions in this

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Speaker 4: space as opposed to just you know, people that follow

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Speaker 4: the flow. If you want to talk to your friends,

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Speaker 4: if you want to talk to your colleagues about it.

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Speaker 4: I think it is really important. Another thing I do,

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Speaker 4: which wasn't on the list, check your contract. Do you

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Speaker 4: have pay secrecy? Why does your company have pay secrecy?

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Speaker 4: Something that I am strongly campaigning for is that that

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Speaker 4: is removed from employment contracts because what are you hiding?

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Speaker 2: Guys?

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Speaker 4: Why shouldn't your employees talk about their salary?

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Speaker 1: Oh?

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Speaker 4: Because it impacts you and you might have to pay

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Speaker 4: them all equally.

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Speaker 2: That would be such a shame.

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Speaker 4: The other thing that you said in here, Jess, was

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Speaker 4: set targets to promote gender equality at all levels of

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Speaker 4: the organization, which.

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Speaker 2: I think just should be. It's twenty twenty two, guys,

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Speaker 2: why is this not happening.

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Speaker 5: One hundred percent? Some more ideas, guys, include changing what

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Speaker 5: leadership roles actually look like, so making them part time,

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Speaker 5: making them more flexible so that women who might also

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Speaker 5: be the primary carer in the home can actually work

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Speaker 5: in those higher paid roles.

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Speaker 4: But Georgia, that's why women don't get paid as much,

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Speaker 4: because they have more caring responsibilities.

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Speaker 5: I hate that so much. Unpaid, we get out all

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Speaker 5: the time.

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Speaker 4: Yeah, we're actually doing double time. So, like I go

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Speaker 4: to work. I do my full time job. I don't personally,

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Speaker 4: I'm not a mum yet. But a lot of women

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Speaker 4: in our community go to work, they do their full

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Speaker 4: time job, then they go home and do a full

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Speaker 4: time job. Literally they do do more caring roles. But

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Speaker 4: that doesn't mean they can't be the CEO exactly.

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Speaker 5: I do not understand how people don't understand, just don't get.

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Speaker 4: I'm just so confunded, babe, I'm speaking English.

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Speaker 5: Yeah, what are they not getting? And another idea would

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Speaker 5: of course be introducing a better gender neutral paid parental

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Speaker 5: leave policy so that we can all take part in

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Speaker 5: the parenting at home situation instead of it.

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Speaker 2: I think they're women.

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Speaker 4: I think that that's a really important one as well,

437
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Speaker 4: and I'm glad that you put it on the list, yes,

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Speaker 4: because I think that we don't understand that neutral paid

439
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Speaker 4: parental leave policies don't necessarily mean oh my gosh, you're

440
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Speaker 4: giving the man the opportunity. It's actually because if I'm

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Speaker 4: in a relationship, let's saying twelve months, guys, I turn

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Speaker 4: around to you and say, look, I'm pregnant, and Steve

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Speaker 4: and I have looked at his parental leave policy in

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Speaker 4: mine and Matt leaves just better. So we're going to

445
00:19:35,440 --> 00:19:37,840
Speaker 4: put me out of the workforce because the policy is

446
00:19:37,920 --> 00:19:38,280
Speaker 4: just better.

447
00:19:38,520 --> 00:19:39,280
Speaker 2: That's how it works.

448
00:19:39,320 --> 00:19:41,239
Speaker 4: That's a decision that a lot of people in our

449
00:19:41,280 --> 00:19:44,199
Speaker 4: community make, and I genuinely believe it shouldn't come down

450
00:19:44,280 --> 00:19:46,520
Speaker 4: to who has the better Matt leave policy. It should

451
00:19:46,560 --> 00:19:48,360
Speaker 4: just be if you're the dad or you're the mum,

452
00:19:48,400 --> 00:19:50,720
Speaker 4: you're the primary care give but you can take that leave.

453
00:19:51,080 --> 00:19:54,840
Speaker 4: I just it doesn't make any sense to me that, oh, sorry,

454
00:19:54,920 --> 00:19:57,920
Speaker 4: that you're the dad, you can't actually take the leave

455
00:19:57,960 --> 00:19:59,960
Speaker 4: that we would give to the women in this organization.

456
00:20:00,200 --> 00:20:02,400
Speaker 3: And we are making strides with that with parental sever

457
00:20:02,480 --> 00:20:05,439
Speaker 3: rules now. But I think ultimately the big goal is

458
00:20:06,000 --> 00:20:10,879
Speaker 3: rally together for change, because ultimately, you know, it benefits

459
00:20:10,880 --> 00:20:13,080
Speaker 3: everyone to be putting women in these positions of power.

460
00:20:13,080 --> 00:20:15,439
Speaker 3: And I know people are resistance change and whatever, but firstly,

461
00:20:15,600 --> 00:20:17,960
Speaker 3: stop coming to our DM. I'm telling me the pay

462
00:20:17,960 --> 00:20:19,680
Speaker 3: GAP's not real because I will fight you, but no

463
00:20:19,720 --> 00:20:20,560
Speaker 3: I won't because I'm soft.

464
00:20:20,600 --> 00:20:22,040
Speaker 2: Nott make Victoria fight you for me.

465
00:20:22,920 --> 00:20:25,879
Speaker 3: But also have those conversations, support them and talk to

466
00:20:25,920 --> 00:20:28,320
Speaker 3: your partners. Talk to them men in your life, your brothers,

467
00:20:28,359 --> 00:20:31,639
Speaker 3: your dads, your cousins, because we need them to be

468
00:20:31,720 --> 00:20:34,159
Speaker 3: standing up as well. It can't just be women. We

469
00:20:34,200 --> 00:20:37,479
Speaker 3: need everybody getting on the same page and saying, yeah, like,

470
00:20:37,760 --> 00:20:40,160
Speaker 3: let's make some change. Let's get that percentage below ten

471
00:20:40,160 --> 00:20:42,640
Speaker 3: percent at least twenty twenty three.

472
00:20:42,560 --> 00:20:46,080
Speaker 4: And understand it now. Yeah, but also just genuinely understand

473
00:20:46,160 --> 00:20:48,200
Speaker 4: what it means as well, because we've had a few

474
00:20:48,200 --> 00:20:49,960
Speaker 4: people who have messaged us and they're like, yeah, but

475
00:20:50,040 --> 00:20:53,720
Speaker 4: I want to work Cless. Good, But your friends who

476
00:20:53,760 --> 00:20:56,720
Speaker 4: don't want to work Cless should get the same opportunity. Like,

477
00:20:56,800 --> 00:20:59,159
Speaker 4: I don't mind what your personal values are. What I

478
00:20:59,200 --> 00:21:01,639
Speaker 4: want is for you to have freedom of choice and

479
00:21:01,680 --> 00:21:05,119
Speaker 4: that choice not be compromised or that choice not be

480
00:21:05,280 --> 00:21:07,840
Speaker 4: equal to that of somebody else who just has a

481
00:21:07,880 --> 00:21:08,560
Speaker 4: different gender.

482
00:21:08,600 --> 00:21:10,040
Speaker 3: All Right, we gotta put a pin in it because

483
00:21:10,040 --> 00:21:11,560
Speaker 3: I'm getting around.

484
00:21:13,200 --> 00:21:13,880
Speaker 2: Even recently.

485
00:21:13,920 --> 00:21:16,159
Speaker 4: This was weeks ago and we're still writing in the

486
00:21:16,160 --> 00:21:18,639
Speaker 4: office about it. I reckon, it's time to listen to

487
00:21:18,720 --> 00:21:19,480
Speaker 4: our money dilemma.

488
00:21:21,440 --> 00:21:22,840
Speaker 3: Hi, there, have you got.

489
00:21:22,720 --> 00:21:25,159
Speaker 5: A money dilemma you just can't solve that. She's on

490
00:21:25,200 --> 00:21:27,800
Speaker 5: the Money Team is here to help. Every week we

491
00:21:27,840 --> 00:21:30,439
Speaker 5: tackle your dilemmas, both big and small to answer your

492
00:21:30,480 --> 00:21:34,400
Speaker 5: most burning money, career and life questions. To get involved,

493
00:21:34,480 --> 00:21:36,440
Speaker 5: simply head to our website and leave us a quick

494
00:21:36,480 --> 00:21:39,440
Speaker 5: voice recording and you may just find yourself on the show. Now,

495
00:21:39,560 --> 00:21:42,480
Speaker 5: let's take a listen to today's money dilemma.

496
00:21:43,119 --> 00:21:46,480
Speaker 6: In your book, it talks about setting up different bank

497
00:21:46,480 --> 00:21:51,240
Speaker 6: accounts for different things such as expenses, emergency, blow card,

498
00:21:51,320 --> 00:21:54,480
Speaker 6: et cetera. Do I still do that if I have

499
00:21:54,520 --> 00:21:57,280
Speaker 6: an offset account? Or should I be putting everything into

500
00:21:57,320 --> 00:21:58,240
Speaker 6: the offset account?

501
00:21:58,880 --> 00:22:01,560
Speaker 3: Victoria Vine, I know I never remember you mentioning a

502
00:22:01,600 --> 00:22:02,280
Speaker 3: blow account.

503
00:22:02,600 --> 00:22:03,800
Speaker 2: No, but I heard that there.

504
00:22:03,720 --> 00:22:06,600
Speaker 4: Was this guy who didn't wear shoes who did recommend

505
00:22:06,640 --> 00:22:07,400
Speaker 4: a blow account.

506
00:22:07,440 --> 00:22:08,040
Speaker 2: But you do you.

507
00:22:08,400 --> 00:22:11,000
Speaker 4: We don't have a mojo either, but what we do

508
00:22:11,119 --> 00:22:12,880
Speaker 4: have is a she's on the money, budget and cash

509
00:22:12,880 --> 00:22:15,119
Speaker 4: flow plan. I can talk about that. Would you want

510
00:22:15,200 --> 00:22:19,560
Speaker 4: me to talk about that? Absolutely fantastic, So, really good question. Yes,

511
00:22:19,600 --> 00:22:22,280
Speaker 4: it is exactly the same whether you have an offset

512
00:22:22,280 --> 00:22:25,639
Speaker 4: account or not. In fact, with that system, if you

513
00:22:25,680 --> 00:22:29,520
Speaker 4: have an offset account, it arguably turbocharges every single dollar

514
00:22:29,560 --> 00:22:32,120
Speaker 4: in your account. So with the budget and cash flow

515
00:22:32,119 --> 00:22:34,480
Speaker 4: plan that you're asking about, and to be honest, I

516
00:22:34,480 --> 00:22:37,480
Speaker 4: came up with her, I think it's pretty genius bias, Jess.

517
00:22:37,560 --> 00:22:39,680
Speaker 4: You use it, you think it's good. You have obviously

518
00:22:39,680 --> 00:22:41,639
Speaker 4: added your own flare to it, which I love. But

519
00:22:41,680 --> 00:22:44,920
Speaker 4: it's a very good from my perspective base of how

520
00:22:44,920 --> 00:22:47,240
Speaker 4: a cash flow system works to make sure that every

521
00:22:47,240 --> 00:22:50,400
Speaker 4: single dollar that comes into your account is utilized properly,

522
00:22:50,800 --> 00:22:53,280
Speaker 4: and that every single dollar that comes into your account

523
00:22:53,320 --> 00:22:55,359
Speaker 4: works as hard as you do for it. Right. So

524
00:22:55,400 --> 00:22:57,119
Speaker 4: the first thing, I'm just going to explain the whole thing,

525
00:22:57,160 --> 00:22:59,199
Speaker 4: because I'm sure that there are people who are listening

526
00:22:59,200 --> 00:23:00,960
Speaker 4: who are like I have. I've never seen your plan.

527
00:23:01,160 --> 00:23:03,639
Speaker 4: I don't know what it is. So essentially, you have

528
00:23:03,720 --> 00:23:05,919
Speaker 4: what's called a cash hub, and I've called it a

529
00:23:05,960 --> 00:23:08,639
Speaker 4: cash hub because it's basically the one stop shop where

530
00:23:08,680 --> 00:23:11,320
Speaker 4: all of your money goes. Whether you are a freelancer

531
00:23:11,600 --> 00:23:13,960
Speaker 4: or you are, you know, a full time employee, or

532
00:23:14,000 --> 00:23:17,320
Speaker 4: maybe you're both. All your personal income goes into this.

533
00:23:17,359 --> 00:23:19,840
Speaker 4: If you're a business owner, though, different cash flow system,

534
00:23:19,880 --> 00:23:21,719
Speaker 4: you need to work that out. We never mix our

535
00:23:21,760 --> 00:23:25,520
Speaker 4: personal and our business banking. So your cash hub exists

536
00:23:25,560 --> 00:23:28,960
Speaker 4: for all income to be banked into on a weekly, fortnightly,

537
00:23:29,000 --> 00:23:32,320
Speaker 4: monthly basis, doesn't matter it automatically calculates that for you.

538
00:23:32,920 --> 00:23:36,640
Speaker 4: If it is just a regular savings account, fantastic. If

539
00:23:36,680 --> 00:23:39,480
Speaker 4: it is an offset account, every dollar that goes into

540
00:23:39,520 --> 00:23:42,240
Speaker 4: that account is actually offsetting the money that you owe

541
00:23:42,240 --> 00:23:43,520
Speaker 4: on your mortgage, which.

542
00:23:43,359 --> 00:23:44,000
Speaker 2: Is the money win.

543
00:23:44,440 --> 00:23:46,960
Speaker 4: Right. So if you're in a position where you don't

544
00:23:47,000 --> 00:23:48,720
Speaker 4: have an offset and you're like, oh, Victoria, that sounds

545
00:23:48,720 --> 00:23:50,960
Speaker 4: pretty sexy, talk to your mortgage broker. And when I

546
00:23:50,960 --> 00:23:53,440
Speaker 4: say your mortgage broker, I'm talking about Kate brands Growth,

547
00:23:53,440 --> 00:23:56,000
Speaker 4: who is the Zela mortgage broker, because he's obviously supreme.

548
00:23:56,160 --> 00:23:58,720
Speaker 4: But every dollar goes into your cash hub. That cash

549
00:23:58,800 --> 00:24:02,440
Speaker 4: hub exists, and then all bills and fixed costs are

550
00:24:02,480 --> 00:24:05,399
Speaker 4: paid from that cash hub via direct debit or be

551
00:24:05,640 --> 00:24:09,280
Speaker 4: paid directly from your cash hub. So you've organized it.

552
00:24:09,320 --> 00:24:11,320
Speaker 4: You know your budget, you know how many dollars come

553
00:24:11,440 --> 00:24:14,719
Speaker 4: in each month, week, fortnite, whatever it is, and all

554
00:24:14,760 --> 00:24:17,760
Speaker 4: your bills are directly taken out of that cash hub.

555
00:24:18,119 --> 00:24:19,119
Speaker 2: You know that figure.

556
00:24:19,400 --> 00:24:22,040
Speaker 4: So you might have twenty nine hundred dollars a fortnite

557
00:24:22,040 --> 00:24:24,800
Speaker 4: coming into that account, and you might know as well

558
00:24:25,000 --> 00:24:27,760
Speaker 4: that six hundred dollars per month are bills, and that

559
00:24:27,880 --> 00:24:30,560
Speaker 4: might be for your rent. It might be for your phone,

560
00:24:30,600 --> 00:24:34,359
Speaker 4: your internet, your insurance, your utilities, your red Joe. This

561
00:24:34,560 --> 00:24:38,080
Speaker 4: is that cash hub that exists to capture every single dollar,

562
00:24:38,119 --> 00:24:40,399
Speaker 4: and it kind of acts like a basket so that

563
00:24:40,480 --> 00:24:44,160
Speaker 4: nothing filters away, because honestly, money is kind of like sand,

564
00:24:44,200 --> 00:24:45,840
Speaker 4: and if you don't have a good plan for it,

565
00:24:45,840 --> 00:24:48,760
Speaker 4: it literally just blows away. Then you're going to have

566
00:24:48,800 --> 00:24:51,600
Speaker 4: your weekly spending amount. And your weekly spending amount is

567
00:24:51,600 --> 00:24:54,880
Speaker 4: an amount of money that exists for you to have,

568
00:24:55,040 --> 00:24:56,800
Speaker 4: and I always call it the food, fuel, and Fun

569
00:24:56,840 --> 00:25:00,000
Speaker 4: account because that's what pays to your groceries, you're entertained,

570
00:25:00,240 --> 00:25:03,040
Speaker 4: and your transport, so Jess in your example, it might

571
00:25:03,080 --> 00:25:05,840
Speaker 4: be for your groceries, for whatever you pay for Frisbee,

572
00:25:06,119 --> 00:25:08,600
Speaker 4: for your shoes, for your clothes, for whatever you're buying

573
00:25:08,600 --> 00:25:12,000
Speaker 4: at Sephora. You know, because you've done a good budget,

574
00:25:12,000 --> 00:25:14,639
Speaker 4: how much on average that costs per week, and you

575
00:25:14,760 --> 00:25:17,600
Speaker 4: transfer each and every single week that amount of money

576
00:25:17,640 --> 00:25:21,359
Speaker 4: to that account. That now means that you're not dipping

577
00:25:21,359 --> 00:25:23,840
Speaker 4: into your cash hub and accidentally spending the money that

578
00:25:23,840 --> 00:25:26,240
Speaker 4: you're meant to have reserved for your car, redge oh

579
00:25:26,480 --> 00:25:29,120
Speaker 4: or your health insurance or whatever you need to pay.

580
00:25:29,640 --> 00:25:31,879
Speaker 4: You know that maybe each and every single week you

581
00:25:31,920 --> 00:25:34,439
Speaker 4: have two hundred and eighty dollars to spend on food, fuel,

582
00:25:34,480 --> 00:25:37,159
Speaker 4: and fun. And once that money is gone each and

583
00:25:37,200 --> 00:25:38,399
Speaker 4: every single week, it's gone.

584
00:25:38,400 --> 00:25:38,800
Speaker 2: Babe.

585
00:25:38,840 --> 00:25:40,840
Speaker 4: If you have spent that money and now you need

586
00:25:40,880 --> 00:25:43,440
Speaker 4: to go and eat two minute noodles for dinner, that's

587
00:25:43,440 --> 00:25:46,680
Speaker 4: on you. Because this system means that you're not compromising

588
00:25:46,680 --> 00:25:48,600
Speaker 4: your saving, investing or bigger.

589
00:25:48,320 --> 00:25:49,320
Speaker 2: Bills and goals.

590
00:25:49,560 --> 00:25:53,080
Speaker 4: Right, So then your weekly spending amount, because it's an average,

591
00:25:53,359 --> 00:25:55,960
Speaker 4: you're not going to spend each and every single week

592
00:25:56,000 --> 00:25:58,800
Speaker 4: that same amount. Some weeks, you might have a really

593
00:25:58,840 --> 00:26:00,560
Speaker 4: lean week and you might be like, oh my gosh,

594
00:26:00,600 --> 00:26:04,000
Speaker 4: I worked fifty million hours because Victoria is the devil boss,

595
00:26:04,280 --> 00:26:06,639
Speaker 4: and I didn't have any time to go to Sephora.

596
00:26:06,720 --> 00:26:09,880
Speaker 4: I couldn't buy anything for me. So I had two

597
00:26:09,960 --> 00:26:11,879
Speaker 4: hundred and eighty dollars in the account at the start

598
00:26:11,920 --> 00:26:13,920
Speaker 4: of the month. Now there's one hundred and ninety left.

599
00:26:14,359 --> 00:26:16,840
Speaker 4: That's a stretch that that's not how much is ever

600
00:26:16,920 --> 00:26:19,000
Speaker 4: left in mind, but you know it's a good example.

601
00:26:19,560 --> 00:26:22,920
Speaker 4: I'm then going to transfer that money on the same

602
00:26:23,040 --> 00:26:26,560
Speaker 4: day that my weekly spending amount is automatically direct debited

603
00:26:26,600 --> 00:26:29,680
Speaker 4: into that account. I'm going to transfer the surplus over

604
00:26:29,760 --> 00:26:32,000
Speaker 4: to my feels like an emergency, but it's not an

605
00:26:32,000 --> 00:26:34,920
Speaker 4: emergency account, which is another bank account. So for those

606
00:26:34,920 --> 00:26:37,119
Speaker 4: following along at home, we're now at three bank accounts.

607
00:26:37,640 --> 00:26:40,920
Speaker 4: That is your emergency fund for fun. It's not your

608
00:26:40,920 --> 00:26:43,760
Speaker 4: real emergency fund. It's the fund where you're like, hmm,

609
00:26:44,200 --> 00:26:46,960
Speaker 4: I blew all my money in my weekly spending account,

610
00:26:47,000 --> 00:26:49,560
Speaker 4: but the girls want to go out for drinks. Well,

611
00:26:49,600 --> 00:26:51,399
Speaker 4: I do have that one hundred and ninety sitting to

612
00:26:51,440 --> 00:26:53,360
Speaker 4: the side in my feels like an emergency, but it's

613
00:26:53,400 --> 00:26:56,280
Speaker 4: not a lergency account, and I can spend that because

614
00:26:56,320 --> 00:26:59,040
Speaker 4: it's actually left over from the last time I didn't

615
00:26:59,280 --> 00:27:01,440
Speaker 4: do it, and I've kind of like done it myself.

616
00:27:01,480 --> 00:27:05,080
Speaker 4: We're not actually compromising our saving or investing goals. We're

617
00:27:05,080 --> 00:27:08,719
Speaker 4: not compromising Red Joe just she knows that that money's

618
00:27:08,760 --> 00:27:10,840
Speaker 4: sitting there and she can spend it if she wants to.

619
00:27:11,280 --> 00:27:13,320
Speaker 4: I get a little protective of that money because that's

620
00:27:13,320 --> 00:27:15,760
Speaker 4: where my shoes come from. So like, I look at

621
00:27:15,760 --> 00:27:17,399
Speaker 4: it and go if I have money left over in

622
00:27:17,440 --> 00:27:19,520
Speaker 4: my weekly spending money, and I transfer it to my

623
00:27:19,560 --> 00:27:21,760
Speaker 4: not emergency account. I kind of see it and I'm like, oh,

624
00:27:21,920 --> 00:27:23,760
Speaker 4: if I get to X amount, I can buy shoes

625
00:27:23,840 --> 00:27:25,399
Speaker 4: or I can buy something that I want and it

626
00:27:25,400 --> 00:27:27,040
Speaker 4: doesn't impact any other goal.

627
00:27:27,080 --> 00:27:28,000
Speaker 2: It's kind of like a win.

628
00:27:28,680 --> 00:27:30,680
Speaker 4: Or it could be you going and getting your hair

629
00:27:30,760 --> 00:27:33,200
Speaker 4: done or doing something for you that you want to

630
00:27:33,240 --> 00:27:36,439
Speaker 4: spend money on without any level of guilt. So that

631
00:27:36,640 --> 00:27:39,639
Speaker 4: is how the base of the cash hub works. And

632
00:27:39,680 --> 00:27:42,879
Speaker 4: then you will have other accounts. Usually people will have

633
00:27:42,920 --> 00:27:45,320
Speaker 4: an additional three accounts, so that takes you to a

634
00:27:45,359 --> 00:27:48,960
Speaker 4: total of six accounts. They will have three savings accounts.

635
00:27:49,280 --> 00:27:52,199
Speaker 4: If you have an offset account and the ability to

636
00:27:52,240 --> 00:27:56,600
Speaker 4: have multiple offsets, most people doing this system will choose

637
00:27:56,640 --> 00:27:58,919
Speaker 4: to have as many accounts as they possibly can as

638
00:27:58,960 --> 00:28:01,879
Speaker 4: an offset because that money will always then offset the

639
00:28:01,960 --> 00:28:04,560
Speaker 4: interest that you're paying on your mortgage. But they will

640
00:28:04,560 --> 00:28:07,240
Speaker 4: have three additional accounts. One will be long term savings.

641
00:28:07,320 --> 00:28:09,840
Speaker 4: So for Jess, and she's a good example because we

642
00:28:09,920 --> 00:28:11,840
Speaker 4: know she's saving for a house, that could be a

643
00:28:11,920 --> 00:28:15,320
Speaker 4: house deposit, and each fortnite when she gets transferred that

644
00:28:15,400 --> 00:28:18,560
Speaker 4: amount of money, she might go, Okay, cool, I'm transferring

645
00:28:18,600 --> 00:28:22,120
Speaker 4: two hundred dollars to my house savings, it's automated. Then

646
00:28:22,160 --> 00:28:25,560
Speaker 4: there's medium term goals and that could be just as

647
00:28:25,560 --> 00:28:28,000
Speaker 4: saving for a new car or a holiday, or some

648
00:28:28,160 --> 00:28:31,240
Speaker 4: spending money for a holiday or something that she's working towards.

649
00:28:31,560 --> 00:28:34,480
Speaker 4: And then that sixth account is your emergency fund, and

650
00:28:34,520 --> 00:28:37,520
Speaker 4: that emergency fund sits there if it's in an offset

651
00:28:37,560 --> 00:28:40,880
Speaker 4: money in, it's offsetting the mortgage, it's offsetting the interest

652
00:28:40,920 --> 00:28:43,920
Speaker 4: that is payable on your mortgage. But that money's job

653
00:28:43,960 --> 00:28:46,120
Speaker 4: is actually just to sit there. It's not to be invested,

654
00:28:46,200 --> 00:28:48,960
Speaker 4: it's not to worry about. It's there as your safety net.

655
00:28:49,240 --> 00:28:51,560
Speaker 4: Most people have six accounts in the budget and cash

656
00:28:51,600 --> 00:28:53,840
Speaker 4: flow system and that works for them, but you can

657
00:28:53,880 --> 00:28:57,640
Speaker 4: obviously add your own. But that basic structure to answer

658
00:28:57,680 --> 00:29:00,800
Speaker 4: the question does work with an offset and actually puts

659
00:29:00,800 --> 00:29:04,400
Speaker 4: you in a turbocharged position because every single dollar that's

660
00:29:04,440 --> 00:29:06,960
Speaker 4: in any of your system is actually working towards the

661
00:29:07,000 --> 00:29:10,880
Speaker 4: mortgage money win. The floor is now open for questions.

662
00:29:10,920 --> 00:29:12,400
Speaker 3: And if you do want to learn more about that.

663
00:29:12,440 --> 00:29:14,560
Speaker 3: If you're struggling with your budget and cash flow VD,

664
00:29:14,760 --> 00:29:16,720
Speaker 3: you did cover off this obviously.

665
00:29:16,280 --> 00:29:17,400
Speaker 2: In the sheets of the money.

666
00:29:17,120 --> 00:29:19,640
Speaker 4: Book, but if you're the whole systems in the book

667
00:29:19,680 --> 00:29:20,920
Speaker 4: like it is in the book, but if you're really

668
00:29:20,960 --> 00:29:23,040
Speaker 4: struggling with your budget and cash flow, or if you're

669
00:29:23,080 --> 00:29:25,160
Speaker 4: someone who needs a little more help with their automation,

670
00:29:25,520 --> 00:29:28,720
Speaker 4: like I did, check out the Budget and cash Flow Masterclass.

671
00:29:28,800 --> 00:29:33,360
Speaker 4: It specifically and very thoroughly covers from beginning to end

672
00:29:33,360 --> 00:29:35,600
Speaker 4: of setting up your budget and cash flow system. It

673
00:29:35,680 --> 00:29:39,440
Speaker 4: includes the handy dandy budget template, best one I've ever seen, best.

674
00:29:39,240 --> 00:29:41,360
Speaker 3: One I've ever used. I mean your bias, but I am,

675
00:29:41,400 --> 00:29:43,520
Speaker 3: but I use it and it does all that for you.

676
00:29:43,600 --> 00:29:45,640
Speaker 3: So we're obviously saying, right now, put this in this

677
00:29:45,720 --> 00:29:48,960
Speaker 3: fund and this in that fund. The template does it automatically.

678
00:29:48,960 --> 00:29:50,400
Speaker 3: You plug all your information in it.

679
00:29:50,400 --> 00:29:52,320
Speaker 4: I can't tell you how long that took me, Jess,

680
00:29:52,480 --> 00:29:55,480
Speaker 4: I have cried so many times over that spreadsheet. But

681
00:29:55,600 --> 00:29:58,680
Speaker 4: essentially your job, if you're using that template is to

682
00:29:58,720 --> 00:30:00,800
Speaker 4: just plug all the numbers in me how much you earn,

683
00:30:01,040 --> 00:30:02,680
Speaker 4: tell me how much you spend it on what, and

684
00:30:02,720 --> 00:30:05,120
Speaker 4: the rest of it will tell you where to put it,

685
00:30:05,360 --> 00:30:06,680
Speaker 4: what account to put it in.

686
00:30:06,760 --> 00:30:08,520
Speaker 2: How it works, what it looks like.

687
00:30:08,840 --> 00:30:10,720
Speaker 4: You tell me what your savings goal is, and it

688
00:30:10,760 --> 00:30:12,560
Speaker 4: even breaks that down for you to tell you how

689
00:30:12,600 --> 00:30:14,560
Speaker 4: much you need to contribute per week to work it out.

690
00:30:14,600 --> 00:30:17,200
Speaker 5: That just makes it so easy for people who are

691
00:30:17,240 --> 00:30:20,000
Speaker 5: scared of budgets and the organization like me, babe.

692
00:30:19,880 --> 00:30:20,960
Speaker 2: All of it for you good.

693
00:30:21,040 --> 00:30:23,640
Speaker 4: I've literally created a tool that will do it for you.

694
00:30:24,000 --> 00:30:27,160
Speaker 3: Because it's Friday and I'm feeling generous. Is looking angry

695
00:30:27,160 --> 00:30:27,400
Speaker 3: at me?

696
00:30:29,040 --> 00:30:30,120
Speaker 2: Where are you getting this from?

697
00:30:30,160 --> 00:30:32,320
Speaker 3: If anyone wants to grab the budget and hashla mask class,

698
00:30:32,320 --> 00:30:34,480
Speaker 3: I'll put a little discount code on there for you guys.

699
00:30:34,640 --> 00:30:35,600
Speaker 2: Use the code pod fifty.

700
00:30:35,600 --> 00:30:38,640
Speaker 3: You'll get fifty bucks off and it can put that

701
00:30:38,680 --> 00:30:40,520
Speaker 3: in your feels like an emergency but not an emergency

702
00:30:40,520 --> 00:30:41,560
Speaker 3: account and get some drinks on.

703
00:30:41,520 --> 00:30:43,040
Speaker 2: Me galse I love it.

704
00:30:43,080 --> 00:30:45,680
Speaker 4: But yeah, anyway that feels like an emergency but not

705
00:30:45,680 --> 00:30:47,480
Speaker 4: an emergency account was the best thing I ever did

706
00:30:47,560 --> 00:30:49,520
Speaker 4: for myself because I feel like sometimes I'm being naughty,

707
00:30:49,520 --> 00:30:50,560
Speaker 4: but I know I'm not being.

708
00:30:50,480 --> 00:30:52,360
Speaker 2: Naughty, And it can actually work.

709
00:30:52,160 --> 00:30:54,960
Speaker 4: Really well for people that struggle with spending money on

710
00:30:55,000 --> 00:30:57,840
Speaker 4: themselves because it's literally to the side. It was kind

711
00:30:57,840 --> 00:30:59,920
Speaker 4: of like leftover money in a way that was alex

712
00:31:00,040 --> 00:31:02,640
Speaker 4: hated towards something that you know isn't going to impact

713
00:31:02,640 --> 00:31:05,360
Speaker 4: your bigger financial goals. That's all we have time for

714
00:31:05,400 --> 00:31:08,520
Speaker 4: today though, So missus Georgia King, could you please wrap

715
00:31:08,560 --> 00:31:09,800
Speaker 4: the boring but important stuff?

716
00:31:09,840 --> 00:31:12,959
Speaker 5: Absolutely I can already. Guys, please remember that the advice

717
00:31:13,000 --> 00:31:15,240
Speaker 5: shed on She's on the Money is generally in nature

718
00:31:15,320 --> 00:31:18,600
Speaker 5: and does not consider your individual circumstances. She's on the

719
00:31:18,600 --> 00:31:21,680
Speaker 5: Money exists purely for educational purposes and should not be

720
00:31:21,720 --> 00:31:24,440
Speaker 5: relied upon to make an investment or a financial decision.

721
00:31:24,720 --> 00:31:27,480
Speaker 5: And we promise Victoria Divine and She's on the Money

722
00:31:27,480 --> 00:31:32,480
Speaker 5: are authorized representatives in Focused Securities. Australia Proprietary Limited ABN

723
00:31:32,520 --> 00:31:35,560
Speaker 5: four seven zero nine seven seven nine seven zero four

724
00:31:35,640 --> 00:31:38,040
Speaker 5: nine AFSL two three six five two three.

725
00:31:38,080 --> 00:31:39,480
Speaker 4: Happy Friday, my friends.

726
00:31:39,520 --> 00:31:40,840
Speaker 2: We will love you one Monday.

727
00:31:40,920 --> 00:31:45,440
Speaker 4: Bye bye