Speaker 1: She's on the Money. She's on the Money. My name's
Speaker 1: Tatasha Bamblet.
Speaker 2: I'm a proud First Nations woman and I'm here to
Speaker 2: acknowledge country. Hello, beautiful friends, we gather on the lands
Speaker 2: of the Aboriginal people. We thank acknowledge and respect the
Speaker 2: Aboriginal people's land that we're gathering on today. Take pleasure
Speaker 2: in all the land and respect all that you see.
Speaker 2: She's on the Money podcast acknowledges culture, country, community and connections,
Speaker 2: bringing you the tools, knowledge and resources for you to thrive.
Speaker 1: Hello, and welcome to She's on the Money, the podcast
Speaker 1: that helps you feel more in control of your financial future.
Speaker 1: You've joined us for a deep dive. We're going to
Speaker 1: do just that, Beck. We're diving headfirst into a subject
Speaker 1: from the world of money and mindset so that our
Speaker 1: community can come out with a deeper understanding of it all.
Speaker 1: As I mentioned today, I am being joined by none
Speaker 1: other than miss Beck sayed Hi and Beck, I can't
Speaker 1: wait to hear your take on this topic. I feel
Speaker 1: like I've blindsided you, but you are ready. I promise,
Speaker 1: I'm ready.
Speaker 3: I'm ready. Thank you so much for having me. I'm
Speaker 3: excited to dive into things, So why do I have
Speaker 3: the feelings sweek? Subject is going to be a little
Speaker 3: bit polarizing because it is okay cool.
Speaker 1: I have been jumping up and down for the last
Speaker 1: couple of weeks telling people because I think people sometimes
Speaker 1: want to hear what they want to hear, not what
Speaker 1: they need to hear. And sometimes when it comes from me,
Speaker 1: you go back, Victoria, you were my friend, and I go, yes,
Speaker 1: I am, but I actually care deeply about you, and
Speaker 1: sometimes I need to tell you things that are going
Speaker 1: to put you in the best possible position. Like sometimes
Speaker 1: I'm not your best friend. Sometimes I'm your big sister,
Speaker 1: like I still love you. You think I'm annoying sometimes, but
Speaker 1: I really do deeply want the best for you. Scary,
Speaker 1: So let's just preface it with this episode might get
Speaker 1: a little bit uncomfortable for you. We're talking about something
Speaker 1: that thrives in group chats and open tabs every week.
Speaker 1: I would say they're the financial decisions that are killing
Speaker 1: your cash flow. You know exactly what I'm talking about, Beck,
Speaker 1: and our community knows as well. It's that impulse by
Speaker 1: It's the little sweet treat that gets you through a
Speaker 1: hard week or maybe it's the regular expense with the
Speaker 1: more long term consequences, whether my friend, you are in
Speaker 1: denial or you've become quite skilled at defending questionable money
Speaker 1: decisions with excuses like h victoria, but you should see
Speaker 1: my cost per use this week. Unfortunately, I step up
Speaker 1: to call you out, wow, and kindly call you out
Speaker 1: obviously and hopefully call you into reconsidering your spending behavior, because,
Speaker 1: as I said, I just genuinely want what's best for you.
Speaker 1: To walk you through it. We're going to be sharing
Speaker 1: some of the psychology behind these behaviors, some of the
Speaker 1: more common yet questionable money decisions both we and our
Speaker 1: community have defended before, and finally habits that will actually
Speaker 1: help you build wealth. But before we get their, miss
Speaker 1: Beec say ed, let's go to a really short break.
Speaker 1: Don't go anywhere, my friends, welcome back. I know that
Speaker 1: you aren't going to be surprised by this, but humans
Speaker 1: don't always make the most rational decisions when it comes
Speaker 1: to our financial behaviors.
Speaker 3: Beck, that's crazy. I can't understand why. I just I
Speaker 3: want to know why we're like this. I mean, I
Speaker 3: can understand that, you know, people have different upbringings and stuff,
Speaker 3: like that. But I know that there are plenty of
Speaker 3: people who seem to do well and can manage their money.
Speaker 3: But why do so many of us still make questionable
Speaker 3: choices when, like in most situations, we do know better technically.
Speaker 1: We know better technically. Well, if we have a little
Speaker 1: bit of a step back, we can look at the
Speaker 1: neuroscience of it all. And there's actually a lot more
Speaker 1: a play now for those of you playing along, I'm
Speaker 1: not just googling some neuroscience. I'm not a neuroscientist, but
Speaker 1: I actually do. Beck have two psychology degrees. Go figure
Speaker 1: that's grad Your girl is an overachiever at best. Seriously,
Speaker 1: I try very hard. But also that's what I thought
Speaker 1: I used to want to do before I discovered finance,
Speaker 1: and then I realized I could marry psychology and finance
Speaker 1: and impact your behavior. Yeah, that's sick.
Speaker 3: They kind of go hand in hand.
Speaker 1: They to me, they do, and like, I love it,
Speaker 1: But I think that you deserve that. I guess background
Speaker 1: on me if we haven't met before. So while you
Speaker 1: might Beck think that as adults we're pretty good at
Speaker 1: cost based analysis, in reality, most of our consumer purchasing decisions. Literally,
Speaker 1: research tells us that it's ninety percent of them are
Speaker 1: driven by our limbic system, which is the lizard part
Speaker 1: of our brain that controls our drive and our emotions.
Speaker 1: I love her, So, beck you get to blame your
Speaker 1: lizard brain. And this isn't because we are purely emotional creatures.
Speaker 1: It's because the systems actually work completely subconsciously, and they
Speaker 1: actually take less of a told to use on our
Speaker 1: mental loads and rational decision making. Okay, okay, that's why
Speaker 1: we'd be a little impulsive totally.
Speaker 3: I think it's really good to know. So it's like
Speaker 3: kind of like not my fault. I enjoy impulse buyers.
Speaker 3: It's my system, big system.
Speaker 1: It is your olympic system. It is your brain. Okay,
Speaker 1: your fould.
Speaker 3: I can work with that.
Speaker 1: That and there's a whole bunch of things like dopamine
Speaker 1: and all of the psychological levers that are pulled when
Speaker 1: we make financial decisions. While there is, beck As, you
Speaker 1: probably know a lot of information out there about shopping
Speaker 1: and how it has the ability to release dopamine in us.
Speaker 1: You know this idea of like retail therapy, it's actually
Speaker 1: really about the anticipation, not the actual ownership of that item.
Speaker 1: That thrills us.
Speaker 3: Is that right?
Speaker 1: Yeah, so like you just want to do the thing. Yeah, impulsive,
Speaker 1: We want the impulse, but it doesn't mean that we
Speaker 1: need to own the boots.
Speaker 3: That's so true.
Speaker 1: Actually, Okay, once we've got it, that's why we're chasing
Speaker 1: the next tie. Huh so boots, Okay, what's next?
Speaker 3: Yes, that is so true. What you're saying is anything
Speaker 3: rewards based has the potential to deliver that DoPT mean hit,
Speaker 3: but there's a bigger payoff in the moment before you
Speaker 3: buy something that makes.
Speaker 1: It feel so good exactly. Okay, it's like drugs. Literally,
Speaker 1: we just keep going back for that dopamine here, and
Speaker 1: it's really good, like at the end of the day.
Speaker 1: That's why it happens. That's why addictions form, and that's
Speaker 1: why a retail shopping addiction is actually a genuine addiction.
Speaker 1: Like and I think some people just flip it off
Speaker 1: and be like, oh, this isn't legitimate. Oh she's just
Speaker 1: justifying her spending. Like it is legitimate. It is a
Speaker 1: feeling inside of you that you can sometimes not control.
Speaker 1: So I think it's really important to point that out
Speaker 1: as well. And as we've seen, this has actually been
Speaker 1: proven throughout the rise of South Korea. So there are
Speaker 1: dopamine sites that they have developed, which are basically be
Speaker 1: get There's fake online stores that are created in order
Speaker 1: to simulate that feeling of shopping. You've got fake items,
Speaker 1: fake carts, fake delivery trackers that they give you, and
Speaker 1: it purely fuels this behavior because you're like, I'm gonna
Speaker 1: do the fake things send me are tracking, Oh it's coming.
Speaker 3: Oh my god, that's genius.
Speaker 1: I mean it never arrives, that's okay. But what's most
Speaker 1: interesting is even these sites use a whole bunch of
Speaker 1: different psychological strategies to make us want to buy things
Speaker 1: even more.
Speaker 3: Oh okay, dirty like dogs.
Speaker 1: Yeah, they're like gammifying the fake shopping. Yeah, I see,
Speaker 1: which I think is really interesting.
Speaker 3: Do you mean like sales offers or dark design tactics
Speaker 3: or like how they do you go somewhere else to purchase?
Speaker 3: Or it's like on the website? Why not both?
Speaker 1: Why not both?
Speaker 3: Why not both?
Speaker 1: And once I start reeling them off, you're going to
Speaker 1: know exactly what I'm talking about. So there's this whole
Speaker 1: thing called present bias, where we often overvalue immediate rewards
Speaker 1: relative to the ones that we might receive in the future.
Speaker 1: So an example of this is the free shipping threshold. Yes,
Speaker 1: so how often have you bought an extra thing that
Speaker 1: you actually didn't meet just to meet the free delivery
Speaker 1: threshold or have it upgraded to express? Like I do
Speaker 1: that too, and I always have to catch myself. Like
Speaker 1: the other day, I bought a jacket online and I'd
Speaker 1: been looking at this jacket for a really long time,
Speaker 1: and I knew once it came in stock, I wanted
Speaker 1: to purchase it. So I've been a bit, I don't know,
Speaker 1: creeping on the website and I was checking if they
Speaker 1: had it in stock yet they didn't, And like I
Speaker 1: do this like every week. I don't know if that's
Speaker 1: crazy behavior or if I just really knew I wanted it.
Speaker 1: I get it anyway, the second it came in stock,
Speaker 1: super excited at it to my cart. The second the
Speaker 1: cart said another ninety dollars until free shipping, I was like,
Speaker 1: I better check the rest of the store.
Speaker 3: Yes, yes, yes, no, ninety dollars is quite a jump, but.
Speaker 1: Anyway, I checked myself and spent my six dollars on shipping.
Speaker 1: And it is what it is, So wasn't great, but
Speaker 1: I did what I did.
Speaker 3: That's okay, You're allowed. And like, because the what is immediate,
Speaker 3: it seems like a better deal than it actually might be.
Speaker 1: Yeah, because like obviously they're getting an extra ninety bucks
Speaker 1: out of me for covering my six dollars shipping. Yeah,
Speaker 1: like that's that's not a good deal. That's me spending
Speaker 1: more money. Totally in my head, it makes sense.
Speaker 3: Yeah, And it's like, oh, I wonder what other items
Speaker 3: you could enjoy. But I'm like, well, that's silly. That's
Speaker 3: the I'm just wait as victim to the victim to
Speaker 3: the system.
Speaker 1: So the system exactly, our little lizard brains can't deal
Speaker 1: with it. And I want to come back to this
Speaker 1: point of the conversation a little bit later. But this
Speaker 1: is also a strategy that many buy now, pay later
Speaker 1: platforms actually completely exploit. Think about it, The immediate reward
Speaker 1: of getting that thing that you want now completely outweighs
Speaker 1: the ongoing pain of the purchase once you have it
Speaker 1: and having to pay it back, even if it is
Speaker 1: like better or more financially responsible for you to wait
Speaker 1: until you can afford it. You just want to buy
Speaker 1: it in the moment because you're like, but I want
Speaker 1: it now totally. Even if technically, Beck, do you need it?
Speaker 1: You'll be like no, but like I need it like
Speaker 1: I want it like, And it's so crazy how we
Speaker 1: can individually confuse needs for needs yeah, and once for
Speaker 1: wants like once for needs and needs for once you
Speaker 1: know what I mean, And I'll go, Beck, do you
Speaker 1: need it? And you go yeah, and I'll go yes,
Speaker 1: is it crucial and critical to your survival? And you're
Speaker 1: going to go, yes, I need another brown jumper, Yes
Speaker 1: I do, and like, but we get confused with our
Speaker 1: own feelings because like, internally you deeply want want that
Speaker 1: right totally, so it feels like a need. So I
Speaker 1: don't want you guys thinking I don't get it, like
Speaker 1: I too. I'm just a girl, like I do suffer
Speaker 1: from this and it's something that I have to consistently
Speaker 1: check myself on.
Speaker 3: That's very comforting. So that even you have a lizard brain,
Speaker 3: you have a lizard brain, so okay, sneaky, sneaky, sneaky.
Speaker 3: What other tricks he use to take advantage of our
Speaker 3: limbic brain?
Speaker 1: Okay, So lots of businesses like to use our lizard brain,
Speaker 1: and heaps of businesses will appeal to our sense of
Speaker 1: loss of version and our perceptions of the status quo.
Speaker 1: So this might actually be a little bit more common
Speaker 1: than you think, and it probably affects you in ways
Speaker 1: that you hadn't considered before. This isn't just that feeling
Speaker 1: that you get when you miss out on a really
Speaker 1: good sale a gift with purchase. Maybe you're and you
Speaker 1: might not resonate with this, but lots of my friends
Speaker 1: are going to resonate with this your next mecca beauty
Speaker 1: loop box. These might be the reason why you haven't
Speaker 1: switched banks or insurance providers like Yes, because the idea
Speaker 1: here is that somewhere deep down you are reluctant to
Speaker 1: lose the consistency or the comfort of what you're currently receiving.
Speaker 3: Yeah, you really like it.
Speaker 1: I get it. We like we're humans. We like being comfortable,
Speaker 1: and change is deeply uncomfortable, even if it's not financially
Speaker 1: benefiting you. The idea of switching or you having to
Speaker 1: inconvenience yourself back it triggers this loss of version, and
Speaker 1: you put it off and it ultimately costs you more
Speaker 1: in long term. Yes, how many times have you thought
Speaker 1: I could probably get a better phone plan. Mm, can't
Speaker 1: be bothered though I don't want to do it, like
Speaker 1: it's going to put me out. Yeah, inconvenienced. That's actually
Speaker 1: triggering your loss of version, and you feel like that's
Speaker 1: a loss, even though it's actually going to be a game. Yes,
Speaker 1: but your body is telling you I'm losing something, like
Speaker 1: you're not. Your lizard brain's not articulating that, but you're
Speaker 1: getting that feeling of loss with the idea that you
Speaker 1: would have to do some work to achieve that.
Speaker 3: Yeah, yeah, yeah, true, rude. I know. So it's not
Speaker 3: just because the process is painful. You're seeing that deep
Speaker 3: down somewhere, I would rather maintain the status quo, even
Speaker 3: if it costs me more, just to avoid change, or
Speaker 3: you're kind of like losing that. Yeah, the familiarity, the
Speaker 3: comfort of it all that it does cut it kind
Speaker 3: of sucks.
Speaker 1: Humans inherently hate change. Yes, we hate it. We don't
Speaker 1: like it.
Speaker 3: It's scary.
Speaker 1: Yeah, And like this could be like small things like
Speaker 1: if you caught the train to work and there was
Speaker 1: like it went down a different train line, you inherently
Speaker 1: wouldn't have liked that, even if it got you to
Speaker 1: the same place. Same time. You just don't like that
Speaker 1: it took a different route because that's not the route
Speaker 1: you would drive. It's why when we're in the car
Speaker 1: with our friends and they're the driver, and you're driving
Speaker 1: to somewhere that you know and they go with different route,
Speaker 1: is it a bad thing back. No, necessarily, because you
Speaker 1: still got to the same location.
Speaker 3: That's stressful.
Speaker 1: But you didn't like it because they turned left when
Speaker 1: you would usually like turn right, and you deeply don't
Speaker 1: like that because your lizard brain likes consistency. Yes, that
Speaker 1: makes so your lizard brain is like, no, this is
Speaker 1: not the same I want the same same, same sense.
Speaker 1: So I want you to think also of cognitive overload,
Speaker 1: so that decision fatigue that comes with shopping around. You know,
Speaker 1: I thought it was just me, but it's actually no
Speaker 1: coincidence that you instantly thought of how painful it might
Speaker 1: be to change providers or get a better deal or
Speaker 1: go a different route. Well, your mates driving like that
Speaker 1: makes me annoyed. Yeah, you know, other people might go
Speaker 1: that doesn't annoy me. Yeah, you're probably better than me.
Speaker 1: Your lizard's probably smarter. That's fine. But this is something
Speaker 1: called prospect theory, and it shows us that we also
Speaker 1: feel the pain of losses roughly twice as intensely as
Speaker 1: the pleasure of receiving gains.
Speaker 3: Wow, isn't that route That's really annoying.
Speaker 1: So like the little scale goes up a little bit
Speaker 1: if we're happy, and then down twice as low if
Speaker 1: we don't. Oh cool, exactly.
Speaker 3: Cool cool cool.
Speaker 1: So it's not again I want to remind you, it's
Speaker 1: your lizard brain, not you.
Speaker 3: Yeah.
Speaker 1: And research shows us that even if we know about
Speaker 1: these strategies, even if I teach you, even if I go, Beck,
Speaker 1: study this, tell me what is that strategy? You go, yep,
Speaker 1: got it on paper?
Speaker 3: Yep.
Speaker 1: There's no guarantee that we're going to be less susceptible
Speaker 1: to them, totally, like you're still got to get it.
Speaker 1: And so many of them are about operating on this
Speaker 1: subconscious level or falling back to our limbic lizard brain.
Speaker 3: It's like evolutionarily, we're before even the economy or any
Speaker 3: kind of like trade, whether it's money or whatever. It's
Speaker 3: like we're just we were built for this. We're built
Speaker 3: to be victims to yeah, exactly.
Speaker 1: And it's so annoying because like how many times Beck
Speaker 1: do I say, well, if you know better, you can
Speaker 1: do better, and like I always say that, and it's
Speaker 1: like about me personally, Like I'm like cool, if I
Speaker 1: learn I can do better. Yeah, well maybe not, maybe
Speaker 1: maybe not. Maybe we can learn and know better and
Speaker 1: then not do better exactly.
Speaker 3: So like do we send a chairs and are there
Speaker 3: any hacks to making more financially responsible decisions?
Speaker 1: Yes, there are. I didn't do this episode to make
Speaker 1: us feel bad about ourselves exactly. I think what might
Speaker 1: be most helpful is if we work on a case
Speaker 1: by case basis, using examples from our community. Beck, and
Speaker 1: we're going to sink our teeth in right after this break.
Speaker 1: All right, miss Beck sayed, we are back with another
Speaker 1: deep dive episode devoted to the psychology of spending. We're
Speaker 1: just about to unpack some of your most unhinged financial decisions. Recently,
Speaker 1: we asked our community to share some of the money
Speaker 1: habits that you just can't quit. Now. I say this lovingly.
Speaker 1: I say this like your your big sister scared. Sometimes
Speaker 1: some of you are making hectic money choices, and I
Speaker 1: am here to kindly remind you that there are plenty
Speaker 1: of others, sometimes better choices you could be making so
Speaker 1: that you can actually afford the life lifestyle you want
Speaker 1: and the lifestyle I believe you deserve, like you do deserve,
Speaker 1: just be financially well off. Back, so does everybody in
Speaker 1: our community. We've got to find a way for you
Speaker 1: do not work against yourself.
Speaker 3: Yeah, okay, help me, help.
Speaker 1: You, help me, help you, help me help you.
Speaker 3: Yeah. Yeah.
Speaker 1: So I've got a few messages and comments from our community,
Speaker 1: and I thought you could go through. I've given you
Speaker 1: some screenshots.
Speaker 3: Thank you.
Speaker 1: You could go through and read some of the questions
Speaker 1: from our community, and I can tell you what interventions
Speaker 1: or things I would suggest as a response.
Speaker 3: Perfect, Okay, I love this. I love this. It feels
Speaker 3: like a game. So that's when we have it is
Speaker 3: from Emmy. If it's on sale in big signs and
Speaker 3: stickers and bright lights and whatever other marketing ploy they try,
Speaker 3: it gets me nearly every time. So what would you
Speaker 3: do in this situation?
Speaker 1: Just get you two? Because like same, It's almost like
Speaker 1: if they put sale on it, I'm paying attention even
Speaker 1: if I didn't want it, I'm like, oh, but what
Speaker 1: is on sale? I mean?
Speaker 3: And you know the back rat knives always set off.
Speaker 3: I'm like I got, well, I gotta buy one.
Speaker 1: Why are they always I have questions?
Speaker 3: I know?
Speaker 1: And then is this right exactly? All right?
Speaker 3: Emmy?
Speaker 1: This sounds a little bit like framing, where offers might
Speaker 1: not actually be as good as they seem. Like, let's
Speaker 1: have a think about why they might need the big
Speaker 1: red sign to sell something to you, right right right,
Speaker 1: Like if it was so good, wouldn't it sell without
Speaker 1: the big red sign and the bright lights and the
Speaker 1: flashy things. It's so true, But they're getting my attention
Speaker 1: in another way, and you know what, this lizard loves flashy,
Speaker 1: shiny things. What I would be doing is investigating that offer.
Speaker 1: So is it actually a competitive deal or is it
Speaker 1: just marketing? I also want you to revisit your money goals.
Speaker 1: Let's remember what you're aiming for and stay focused because
Speaker 1: even if it is cheap and you know what gets me,
Speaker 1: sometimes I will justify it to myself literally there in
Speaker 1: the I'll be like knowing full well, I don't need
Speaker 1: the new top. Wow it's on sale, And then I
Speaker 1: look at the like fabric and I'm like, wow, that's
Speaker 1: like woolen cotton, Like that's really good construction. Beck, Yeah,
Speaker 1: that's not fake, Like, that's good. Do you know what
Speaker 1: fifty bucks for this good deal?
Speaker 3: Yeah?
Speaker 1: I might have to pick one up. Yeah, but I
Speaker 1: get it. We need to remind ourselves was this actually
Speaker 1: in my budget? Was I planning to purchase this? Could
Speaker 1: I potentially put twenty four hours between me and my
Speaker 1: spending on this item? And maybe let's add a buffer
Speaker 1: present bias like it causes us to overvalue immediate rewards.
Speaker 1: So maybe that twenty four hours between you and your
Speaker 1: spending is going to mean that the sale tomorrow looks
Speaker 1: a little bit dimmer. Yeah, and that's what we're hoping for.
Speaker 3: Right totally. You know, you could do if something's fifty dollars,
Speaker 3: you could be like, instead of buying it, you say,
Speaker 3: oh my god, I found fifty bucks on the ground
Speaker 3: and you've just put it into your bank account.
Speaker 1: Yeah, that's about a deal, you know what I mean?
Speaker 1: And you know what, every day I would prefer to
Speaker 1: f fifty bucks on the ground. Yeah, that's a good
Speaker 1: way to put it.
Speaker 3: Hey, thank you.
Speaker 1: Now the next one, okay, it was common. What is it?
Speaker 2: So?
Speaker 3: This one comes from Lizzy and.
Speaker 1: You're reading this holding your paper coffee cup.
Speaker 3: I need to get a keep cup.
Speaker 1: I do, but yeah, I'm not attacking the coffee cup.
Speaker 3: Okay, okay. Now, so Lizzie says take away coffee.
Speaker 1: O what did T say?
Speaker 3: Perfectly good machine at home just doesn't hit the spot.
Speaker 1: I understand, I really get it. Mine hits the spot.
Speaker 1: Come to my house. I'm gonna make you an at
Speaker 1: home coffee and I think you'll be like Victoria, that
Speaker 1: is it. I've got it down.
Speaker 3: What do you do?
Speaker 1: And then we've got a brevel. It's a brevelvel, not
Speaker 1: a hay thing. But like, as you know, I'm in
Speaker 1: love with my brevel and I will tell everybody.
Speaker 3: Well I personally, I've started adding things like I'll put
Speaker 3: milo in mind, like something to make it delicious, and
Speaker 3: so I look forward to it. But we have a
Speaker 3: few of these. So T said what Tea said, coffee
Speaker 3: at work? Even though I bought a coffee machine that
Speaker 3: I have at home so I wouldn't need it one
Speaker 3: at work, I just drink more coffe. I think it
Speaker 3: is the social aspect of it all. Totally just said
Speaker 3: a dollar ice latte.
Speaker 1: Oh my god, isn't that astronomical?
Speaker 3: It is I've seen ten dollar ones, so rude Taneka said,
Speaker 3: coffee every day, piano trees, beautiful name my a doll
Speaker 3: iced oat latte that briefly gives me the will to
Speaker 3: live each morning one hundred percent fair. And Susie says,
Speaker 3: my daily coffee. So these are very common.
Speaker 1: Yeah, I guess like we're all got done.
Speaker 3: We get it and we are all on the same boat.
Speaker 1: And do you know what, beck I did this literally yesterday.
Speaker 3: Yeah, I got up.
Speaker 1: I had a coffee with my husband at home. I
Speaker 1: even have been like practicing my latte art Gorge coffee.
Speaker 1: And historically, beck, I've only needed one coffee in the
Speaker 1: morning and then maybe I'll like crave one at like
Speaker 1: three pm. Fine, that's my that's my Like I don't know,
Speaker 1: Little Rosta had my coffee. Got to the office, Alicia goes,
Speaker 1: anyone want a coffee? Immediately me yep, yep, I do
Speaker 1: I want a coffee?
Speaker 3: Yeah?
Speaker 1: Why did I need it? No? I just wanted to
Speaker 1: join in.
Speaker 3: I know, I know. Sometimes it's like you're having a tea.
Speaker 3: Sometimes the I.
Speaker 1: Don't want to tea.
Speaker 3: I want a coffee totally. But you know, its like
Speaker 3: do you want a tea and you're like the energy
Speaker 3: of it all like popping the kettle on, it's so cozy,
Speaker 3: but the actual drinking of the tea or the coffee
Speaker 3: is like, well, I could have gone without.
Speaker 1: I do need an oat latte. But let's talk about
Speaker 1: interventions for this, because my queen's I get it. I
Speaker 1: want you to track your spending. So I'm not saying
Speaker 1: don't get the coffee, because I've said time and time again,
Speaker 1: if coffee is something that you really deeply value and
Speaker 1: you want to keep it in your budget, you will.
Speaker 1: But what you will do is understand what it actually
Speaker 1: costs you, so you won't just go, oh, but I
Speaker 1: can't get rid of it. You'll go Victoria. I know,
Speaker 1: on average, I spend X per year on coffee, and
Speaker 1: I'm actually pretty comfortable with that because it gives me
Speaker 1: enough value, Whereas on the flip side, I might turn
Speaker 1: around and be like, beck, hey, did you know you
Speaker 1: spend two thousand dollars a year on takeaway coffees? And
Speaker 1: you're going to go, oh, that makes me deeply uncomfortable.
Speaker 1: I don't want to do that, and that's when we
Speaker 1: can start to facilitate some change. So track your spending,
Speaker 1: understand exactly how much that is costing you. Also, let's
Speaker 1: unpack while we're buying it. For me, more often than not,
Speaker 1: a takeaway coffee out is social. Yeah, it's not, because
Speaker 1: I'm on my own and I'm like, I just feel
Speaker 1: like a coffee. I can easily walk past a coffee shop.
Speaker 1: But Beck, if you and I are together and you
Speaker 1: say i'd love a coffee, I got me too.
Speaker 3: Yes? Why yes, So.
Speaker 1: You need to understand why you're buying. Is it social,
Speaker 1: is it situational? Is it something else? Let's revisit our
Speaker 1: money goals. Remember what you're aiming for and stay focused,
Speaker 1: my friend, then remind yourself was this in your budget?
Speaker 1: If not, and you keep doing it, do we need
Speaker 1: to factor it in? Like life? Unfortunately, I'm really sorry.
Speaker 1: For most people, life is about compromise. You cannot have everything,
Speaker 1: or you cannot have everything at all at once at least,
Speaker 1: So if you're going to prioritize your coffee, what else
Speaker 1: are we going to get rid of?
Speaker 3: Like?
Speaker 1: What are we going to change in the background so
Speaker 1: you can still live your best life? Because like, I
Speaker 1: am not subscribed to this idea of fire at all,
Speaker 1: and I know some of our listeners are, and I
Speaker 1: adore that for you. I really wish I could, but like,
Speaker 1: I want to enjoy the journey and I think that
Speaker 1: most people in our community are also journey girls. Lately
Speaker 1: the destination sexy, but also day to day I want
Speaker 1: to feel like I'm live love, laughing. Absolutely, So let's
Speaker 1: just talk about whether we need to factor that ink. Also,
Speaker 1: how do we make this more affordable? Do we join
Speaker 1: loyalty programs? Do we reframe and go I'm just going
Speaker 1: to buy my coffee at BP or at seven eleven
Speaker 1: in the morning when I'm going past, because sorry, it's
Speaker 1: twenty twenty six. That coffee is actually good now, it's
Speaker 1: really good. It used to be bad, right, yeah, I
Speaker 1: get it, Like I'm not saying, oh it used to
Speaker 1: be that. But if you haven't tried a seven eleven
Speaker 1: coffee ras, I think you would be pleasantly surprised for
Speaker 1: two dollars delicious, right, like good beans often most of
Speaker 1: them have oat milk options, heaps of them. Just they're good,
Speaker 1: they're good like and this isn't promotional, this is just
Speaker 1: me going stop being a snob. And like Beck, we
Speaker 1: from Melbourne, we're inherently coffee snobs.
Speaker 3: Absolutely and that's.
Speaker 1: Okay, and we love a seven eleven coffee exactly. So
Speaker 1: that leans into the how do we make it more affordable?
Speaker 1: Or do we go, okay, we're going to take away
Speaker 1: one coffee a week?
Speaker 3: Sure, boy?
Speaker 1: Is it two? So you can have them still, don't worry.
Speaker 1: But instead of having five, do we do three? So
Speaker 1: you do have tea on two of the other days?
Speaker 1: But have you calculated what that might mean for you
Speaker 1: and how that could benefit you? And you might go
Speaker 1: that's worth it?
Speaker 3: Like, that's good.
Speaker 1: Also, can we add some friction? How hard can I
Speaker 1: make this for myself?
Speaker 4: Right?
Speaker 1: So? Do I take my Apple pay off my phone?
Speaker 1: Every time I need to get a coffee, I have
Speaker 1: to dig through my bag, get my card out, tap
Speaker 1: it that way? Or do I make a rule where
Speaker 1: I can only buy coffee if I have cash? Right? Like?
Speaker 1: Because that would change it a little bit. It makes
Speaker 1: it harder. And then whole of a sudden, when things
Speaker 1: aren't as easy, you're kind of like, I can't be bothered.
Speaker 3: Yes, that's so true, and then you're like relieved that
Speaker 3: you have to do it because you can't be bothered.
Speaker 1: Yeah, You're like, oh yeah, exactly.
Speaker 3: That's kind of nic it's actually so this one's from
Speaker 3: cass shopping when I'm sad did that last week. I'm
Speaker 3: trying to break that habit and Maca's Breakfast. I'm trying
Speaker 3: to break that habit as well. Maca's Breakfast I do
Speaker 3: love and I get it. That's hard beg Yeah.
Speaker 1: Aim something better than a crispy, perfectly cooked Maca's hash brown.
Speaker 3: Oh my god, I don't think there's anything.
Speaker 1: No, No, there's a reason they added that to the
Speaker 1: all day menu. Yeah, there's a reason.
Speaker 3: They know, they know they get it.
Speaker 1: And do you know what I really love? Yeah, the
Speaker 1: macas Brecky wraps. Oh yeah, you had those. I don't
Speaker 1: want to promote them because like you shouldn't go and
Speaker 1: spend more money on Maca's breakfast. But like the egg,
Speaker 1: the bacon. They have a really nice sauce. I really
Speaker 1: like the spicy one. They put a hash brown in there.
Speaker 1: It is so good and it is warm, and then
Speaker 1: you can get a Maca's coffee at the same time,
Speaker 1: and that sometimes if I'm working really early mornings, that's
Speaker 1: like my treat for like getting up and going to
Speaker 1: podcast recordings at seven am to get stuff done. Fair enough,
Speaker 1: I know, right, but also not fair enough.
Speaker 3: No.
Speaker 1: No, I've got a coffee machine at home, and we're
Speaker 1: trying to talk ourselves out of this stuff, right, So
Speaker 1: we're going to track our spending. I need you to
Speaker 1: understand exactly how much this emotional habit is costing you.
Speaker 1: Let's talk about why you're buying. Is there a more
Speaker 1: affordable way to support yourself through these moments? Like, I
Speaker 1: get it, I get sad, Like I think it's important
Speaker 1: that our community knows that I'm on antidepressants and anti
Speaker 1: anxiety medication because I'm not God. And you know what,
Speaker 1: I've tried to take myself off them before because I'm like,
Speaker 1: I don't need this. Life's good again, It's just my brain. Yeah, Like,
Speaker 1: if I am not medicated, I am sad and that
Speaker 1: is okay, and I'm dealing with it. But my spending
Speaker 1: was really reflective of my mental health early on and
Speaker 1: every time I've gone off my medication. I'm not promoting medication,
Speaker 1: but I think you guys deserve transparency in these spaces,
Speaker 1: not me going Beckett's It's not good that you're sad, yeah,
Speaker 1: and move on, Like, I get it. You know what
Speaker 1: makes me feel good spending. You know what makes me
Speaker 1: feel better knowing that I'm going to be really rich
Speaker 1: one day. True, and like we need to look at
Speaker 1: the bigger picture. Yea, And sometimes the bigger picture is
Speaker 1: as blunt as that. Yeah, Like we're not going Beck,
Speaker 1: reframe it. You'll get a bigger one later, Like, Beck,
Speaker 1: do you want to be rich as f exactly how
Speaker 1: do we work towards that? So let's unpack it, but
Speaker 1: also let's work out why are you sad? What's going on?
Speaker 1: Is there something that we could help you with? Like
Speaker 1: could you call up a friend and just have a chat?
Speaker 1: And sometimes something that really helped me. I hated being told, oh,
Speaker 1: just call a friend because I thought it meant that
Speaker 1: I'd have to call back up and be like, hey, Beck,
Speaker 1: I feel sad. You don't yeh, call and check on
Speaker 1: your friend because like o'h call up and be like, hey, Beck,
Speaker 1: how are you? Just what was thinking of? You want
Speaker 1: to have a chat? And all of a sudden we're
Speaker 1: having the conversation that I needed to have to boost
Speaker 1: my serotonin and my dopenine Like I'm feeling good because
Speaker 1: I just checked in with a friend. Yeah, we don't
Speaker 1: have to talk about it if you don't want to.
Speaker 1: Could you go for a walk or are you only
Speaker 1: getting Maca's breakfast and shopping when you're with a particular friend.
Speaker 1: Do we need to identify that and potentially change the
Speaker 1: way that we interact with that friend. I also again
Speaker 1: need to remind you ask yourself these questions. Is it
Speaker 1: in your budget? Do you actually need it? Have you
Speaker 1: factored it into your budget? If not, maybe we need
Speaker 1: it later, Maybe we need it next month. Revisit your
Speaker 1: money goals again, remember what you are aiming for and
Speaker 1: stay focused. And how do we make it more affordable
Speaker 1: for you? Could we go to macas less? Could we
Speaker 1: find a more cost effective way to self sue out
Speaker 1: ourselves totally? Like what does that mean? Like for a walk?
Speaker 1: Maybe we reframe it and the game is you go
Speaker 1: to Chadsten and the goal is to not buy anything,
Speaker 1: but we can look and we can take notes on
Speaker 1: everything that you want. You could take pictures of stuff
Speaker 1: so that you can file them away for when you
Speaker 1: achieve something that you go I really do want those genes.
Speaker 1: I'm going to go back and get them because I
Speaker 1: deserve them.
Speaker 4: Yeah.
Speaker 3: Also, this obviously doesn't apply to like clinical impressions. Just
Speaker 3: like if you feel if you're feeling low like this,
Speaker 3: this really could work and ethnically going for a walk.
Speaker 3: It's like so like when I feel sad and people
Speaker 3: tell me that, I'm like, I want to catch your walk,
Speaker 3: but I will lay down forever and then and then
Speaker 3: I'm like, well, reluctantly, I won't walk.
Speaker 1: I actually hate being told but it is crazy, kind
Speaker 1: of is crazy, and like I hate to say it,
Speaker 1: but my mum was right, Yeah, sometimes you need to
Speaker 1: get out of bed. Yeah, and even if you're not
Speaker 1: enjoying this, because I get it. Sometimes just get out
Speaker 1: of bed, have a shower, go for a walk, make
Speaker 1: sure you've had some water and eaten something, and then
Speaker 1: we can talk about how you're feeling.
Speaker 3: Yes, And I'd be like, fine, yes, exactly, exactly. Okay.
Speaker 3: The sex one comes from Steph. So Steph says that
Speaker 3: they've been spending too much on gifts. I've spent two
Speaker 3: thousand dollars in the last three months alone. Help.
Speaker 1: Oh my goodness, that's so much money.
Speaker 3: Very generous. I wish I was Steph's fread.
Speaker 1: Okay, we're gonna have to ask ourselves a few questions
Speaker 1: here is it just a bit of a busy like
Speaker 1: birthday gifting season? Like you know, I know the time
Speaker 1: that I asked this wasn't Christmas. But is it like
Speaker 1: every single family member's birthday ever? Or is something else happening?
Speaker 1: I want you to unpack why you're spending this much?
Speaker 1: Comparison culture sucks fixed ideas around gifting? Do you have
Speaker 1: fixed ideas around gifting or generosity? Are you feeling maybe
Speaker 1: like you're obliged to spend certain amounts? And why revisit
Speaker 1: your budget? I said this time and time again. For
Speaker 1: me at Christmas time, I require a budget, like I
Speaker 1: have a specific Christmas budget, Beck, You're on it, because
Speaker 1: otherwise I could go ham like. Gifting is my love language,
Speaker 1: So I need to write down all of the people.
Speaker 1: Are like, there is a free gifting spreadsheet on the
Speaker 1: sheets on the money website for Christmas spending. I gave
Speaker 1: you mine, but I write down every single person and
Speaker 1: I'll go like, Beck, yes, Brook, you know what I mean.
Speaker 1: And then I go how much do I want to
Speaker 1: spend on each person? And I might go fifty dollars
Speaker 1: And in my head, fifty dollars is not that bad
Speaker 1: for a gift, So I go, oh, that's not too bad,
Speaker 1: no worries. But then I've got Beck, yes, Brooke, And
Speaker 1: all of a sudden, I can see the tally and
Speaker 1: I haven't spent anything yet, but I'm just allocating how
Speaker 1: much I want to spend on you, h And I
Speaker 1: realize I'm at one hundred and fifty bucks already. Yeah,
Speaker 1: And then I go, is that reasonable? Is that feasible?
Speaker 3: No?
Speaker 1: Maybe I want to spend thirty dollars per gift, or
Speaker 1: maybe it's different, maybe I want to spend one hundred
Speaker 1: dollars per gift. Whatever your number is, it doesn't actually matter.
Speaker 1: But sometimes when we can like write down what our
Speaker 1: gift spending is, that will make us reassess. And I
Speaker 1: think it's more thoughtful. So don't get me wrong, i
Speaker 1: might be stripping money off your gift. But I'm now
Speaker 1: going to go, oh, actually, I cut the budget. Now
Speaker 1: I've only got forty bucks for Beck. Now I'm deeply
Speaker 1: thinking about what I can buy for Beck. Instead of going,
Speaker 1: I'm just going to go shopping and see what I
Speaker 1: can find and just pick a random thing that I
Speaker 1: think fits Beck. Yeah, Like, and then you're going to go, oh, actually, Beck. Really,
Speaker 1: she's like quite a generous person but loves like experiences
Speaker 1: over things like what could I do for Beck? Like,
Speaker 1: I'm thinking a little bit more deeply about that person,
Speaker 1: and I think that that's really nice. But revisiting your budget,
Speaker 1: you could do this for birthdays. You could do this
Speaker 1: for the rest of the year as well, so you know,
Speaker 1: write down all the people that you buy birthday gifts
Speaker 1: for and set yourself an annual budget. Yeah, so that
Speaker 1: you go, Okay, every birthday, I can only spend X.
Speaker 1: But I'm gonna think about this all year. Keep a
Speaker 1: list in your phone of ideas. Mine's creepy. I love it.
Speaker 1: I've got a list of ideas for you. I've got
Speaker 1: a list of ideas for Jess. I got a list
Speaker 1: of ideas for my husband. As things come up and
Speaker 1: I'm like, oh, I know that Beck never has X
Speaker 1: y Z. Maybe I could put that into a gift
Speaker 1: for her at some point. Think about that person. Are
Speaker 1: they an acts of service person? Write a really nice
Speaker 1: letter to them, bake someone their favorite dessert or make
Speaker 1: them something. And then also create a buffer, like wait
Speaker 1: a day before purchasing to create friction and give yourself
Speaker 1: some consideration time. And if you say, Victoria, I can't
Speaker 1: create a buffer because I buy the gift on the day.
Speaker 1: That's a recipe for blowing your budget every single time.
Speaker 3: If it's helpful at all, because I know that I've
Speaker 3: When I was with my girlfriend, we kind of had
Speaker 3: a lot of discussions about like I would spend a
Speaker 3: lot of money on gifts, but it was only because
Speaker 3: I would like see things and just like immediately want
Speaker 3: to buy her. I'd see her favorite chocolates, I'd want
Speaker 3: to buy it immediately, like I'm not even thinking, and
Speaker 3: same with my friends and stuff. And so what I
Speaker 3: did instead was I created albums in my phone and
Speaker 3: it would be labeled all the things that me think
Speaker 3: of you or all the things that I wanted to
Speaker 3: buy you, and then you just put like, and it
Speaker 3: could be like for all these friends, like say something
Speaker 3: they really like, have a friend that loves minions randomly,
Speaker 3: I'll see that. I would take a photo put in
Speaker 3: that album the albums for her, and she would see
Speaker 3: all the things that made ME think of her in
Speaker 3: that day or in that week or whatever. And so
Speaker 3: if it's satisfied that need for you to let your
Speaker 3: friend or your partner or someone know that you've thought
Speaker 3: about them. Seeing something they're like, you can send it
Speaker 3: to them via photo, and I feel like that's just
Speaker 3: as satisfying sometimes, So try that.
Speaker 1: If that's really cute, You're going to make someone so happy,
Speaker 1: And I hope that they're in the She's on the
Speaker 1: one community like sweet maybe just like a little a
Speaker 1: little like a reminder if anyone wants to slide into.
Speaker 3: Vaccinem freshly single.
Speaker 1: Who's next?
Speaker 3: Who's next? Okay, Rachel? Oh maybe it's Rachel. Next is Rachel?
Speaker 3: Rachel says, I use PayPal pay in four Thankfully I
Speaker 3: don't have any other buy now, pay later, but I
Speaker 3: keep justifying bigger purchases with PayPal pretty slope. I totally
Speaker 3: get it.
Speaker 1: It's just what would you do?
Speaker 3: I unfortunately do the same, and I use it a lot.
Speaker 3: But I the other thing, Rebecca, So I know, I know,
Speaker 3: but I'm Ableete have talked about that. I know, I know,
Speaker 3: but I want you know. I'm so like because I've
Speaker 3: gone to a point where I'm so scared of debt
Speaker 3: now that I pay it off and it feels so satisfying.
Speaker 3: I'll pay off each thing one by one. I don't
Speaker 3: do a bolk pay. I'll see the satisfaction of being
Speaker 3: like seven dollars twenty three here and like you know,
Speaker 3: and so I think that it's not good.
Speaker 1: Maybe I've been trying to reframe this. You know, when
Speaker 1: you sign up to these things that you like Victorias.
Speaker 1: In my head, you.
Speaker 3: Absolutely are absolutely sorry.
Speaker 1: I'm so sorry. You are a grown woman with will.
Speaker 1: You can make your own decisions. No, I just care
Speaker 1: about you and one what's best for you. Thank you.
Speaker 3: I think I've just impressed that because I was bankrupt,
Speaker 3: I couldn't get after pay or anything like that.
Speaker 1: So now you have it, you're like shiny and now
Speaker 1: it's like.
Speaker 3: Kind of cool. But you are in my head. I
Speaker 3: want you to know at all times.
Speaker 1: Especially when you do wordle. Especially when you do wordle. Anyway,
Speaker 1: both of us have the same word all start word,
Speaker 1: which is audio. Yep, I reckon that we're not the
Speaker 1: only ones. Anyway, my friend, Rachel, track your spending. I
Speaker 1: need you to understand how much you're actually spending and
Speaker 1: how much you actually owe, because it's very likely that
Speaker 1: you have your head buried in the sand. Because if
Speaker 1: you're doing by now, pay later on any platform, because
Speaker 1: PayPal buy in four is a buy now, pay later
Speaker 1: as well. You probably don't have a really good understanding
Speaker 1: of how much you can actually afford, because like, if
Speaker 1: you've got the cash in your bank and you can
Speaker 1: actually afford it, you wouldn't have needed that service. So
Speaker 1: we're probably shooting ourself in the foot a little bit
Speaker 1: there and letting it enable you. Now, I would add
Speaker 1: a buffer. I would literally put a day between my
Speaker 1: spending at least to make sure that we're curbing that
Speaker 1: present bias and really understanding that the anticipation of the
Speaker 1: purchase is usually better than the other thing. Also, let's
Speaker 1: reframe it. Instead of buy now, pay later and you
Speaker 1: get the item right now, Beck, what if I said
Speaker 1: to you, hey, Beck, you can have this item in
Speaker 1: a month. I need you every week to give me
Speaker 1: twenty bucks and then at the end of the month,
Speaker 1: I'll give it to you. Yeah, Like, Lebi, do you
Speaker 1: still want it?
Speaker 3: Probably not.
Speaker 1: Cool because you're not going to wait for it. Yeah,
Speaker 1: So ask yourself, would you be willing to wait for
Speaker 1: this item? Like, hypothetically, if this item was out of
Speaker 1: stock and it said delivery shipment is the first of
Speaker 1: next month, would you go worry about it. Probably you
Speaker 1: don't need it.
Speaker 3: Yeah, probably not.
Speaker 1: You don't need it, don't need to stop it, Like
Speaker 1: tap you on the wrist.
Speaker 3: Stop this.
Speaker 1: The other thing I want you to do is set
Speaker 1: really clear financial goals and budget accordingly. If it's not
Speaker 1: in the budget, sorry you can't afford it. I'm sorry. Like,
Speaker 1: I don't want to be that person, but I think
Speaker 1: sometimes I have to be like, beck, stop it, you
Speaker 1: can't afford this, and you go, yeah, you're right, Like
Speaker 1: and that's okay, make your own decisions, but like I
Speaker 1: don't want to enable you. Also, just like a final
Speaker 1: little note on by now pay laters. It is the
Speaker 1: second most common form of debt in Australia at the moment,
Speaker 1: right behind credit cards. In twenty twenty five, the Australian
Speaker 1: Financial Securities Authority found that forty eight point nine percent
Speaker 1: of all debtors had at least one by now pay
Speaker 1: later debt, with the average balance creeping up from eight
Speaker 1: hundred and twenty dollars per person in twenty twenty four
Speaker 1: to eleven hundred and ten dollars in March this year.
Speaker 1: So it's not the seven dollars that you were quoting.
Speaker 1: Before most of us actually have more than one thousand
Speaker 1: dollars of debt. If we are using this, why is
Speaker 1: that important to our community, you might ask me, because
Speaker 1: women are still outspending men when it comes to buy now,
Speaker 1: pay later, and gen why and gen z are leading
Speaker 1: adoption rates at fifty nine and fifty seven percent, respectively. Okay,
Speaker 1: whilst it might seem like a really good idea at
Speaker 1: the time, it is truly only a disguise of a
Speaker 1: deeper issue, my friends, that maybe you can't actually afford
Speaker 1: what you're buying, or that it's time to adjust your
Speaker 1: budget and your financial goals to actually reflect your lifestyle.
Speaker 1: Just because you've got the cash right in your account
Speaker 1: in that moment does not mean you can afford it.
Speaker 1: Another rule that I saw one of my friends mentioned
Speaker 1: the other day. She was like, Victoria, I have started
Speaker 1: telling myself that if I couldn't buy the idea three
Speaker 1: or four times, I can't afford it. M Yeah, And
Speaker 1: I'm like, oh, that's a good one.
Speaker 3: So three, like times three or four the actually let's
Speaker 3: say something, something's one hundred dollars. Yeah, if you can't
Speaker 3: buy four of them.
Speaker 1: Yeah, if you don't have the cash in your account
Speaker 1: to buy four of them. Oh you should buying it.
Speaker 3: Hell yeah, okay, I like that.
Speaker 1: And like, there's just different things. And I share this
Speaker 1: not because I'm like, oh, that's the perfect strategy, but like,
Speaker 1: sometimes a little thing sticks in your brain and that's
Speaker 1: the thing that helps make a change totally. So let's
Speaker 1: throw so many of them at your wall and see
Speaker 1: what sticks, and see what works for you, because you
Speaker 1: might go, You're right, that little strategy works for me.
Speaker 1: Cash flow systems might work for somebody else. Adding up
Speaker 1: how much every single coffee is costing you every month
Speaker 1: or every year might work for another person. Someone else
Speaker 1: might add it up and be like, map, I don't
Speaker 1: notice it, so I don't mind. Yeah, Like everything is
Speaker 1: going to look different for different people. Yes, okay, something's
Speaker 1: got a stick, surely exactly. And my friend, I think
Speaker 1: we're going to wrap it there. Friends don't let make
Speaker 1: terrible money decisions back.
Speaker 3: That's true, they just don't.
Speaker 1: And that's all. Unfortunately we have time for today. If
Speaker 1: you have felt a little bit confronted by this episode,
Speaker 1: just know that I would hug you if I saw
Speaker 1: you in person, and maybe you also learn something new.
Speaker 1: I hope you learned something new, tell us about it.
Speaker 1: You can hear us up in our DMS, or you
Speaker 1: can leave us a comment or a review. Or you
Speaker 1: can join our She's on the Money Facebook group to
Speaker 1: share your stories of reckless spending and recovery in our
Speaker 1: next money Wins post. Otherwise, my friends, thank you for
Speaker 1: tuning in and being part of our community. We'll catch
Speaker 1: you later in the week for another episode of Friday Drinks.
Speaker 1: Take care of yourselves out of each other? Bye did buy?
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