1 00:00:00,200 --> 00:00:03,240 Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman 2 00:00:03,600 --> 00:00:08,559 Speaker 1: and I'm here to acknowledge country. Te Glenn Young Ganya Niana, 3 00:00:08,680 --> 00:00:11,920 Speaker 1: kaka ya Ya bin Ah Waka Nian our gay In Nimbini, 4 00:00:11,960 --> 00:00:16,000 Speaker 1: yak um Jar, dominyamiga Umaga, Ihowaka, Nile, Waman damon Immalan, 5 00:00:16,640 --> 00:00:19,560 Speaker 1: Bumba bang Gadabomba in and now in Waka ghana on 6 00:00:19,640 --> 00:00:24,439 Speaker 1: yak rum Jar Watanadaa. Hello, beautiful friends, we gather on 7 00:00:24,520 --> 00:00:27,480 Speaker 1: the lands of the Aboriginal people. We thank acknowledge and 8 00:00:27,600 --> 00:00:30,080 Speaker 1: respect the Abiginal people's land that we're gathering on today. 9 00:00:30,680 --> 00:00:33,199 Speaker 1: Take pleasure in all the land and respect all that 10 00:00:33,320 --> 00:00:37,879 Speaker 1: you see. She's on the Money podcast acknowledges culture, country, 11 00:00:38,520 --> 00:00:43,640 Speaker 1: community and connections, bringing you the tools, knowledge and resources 12 00:00:43,920 --> 00:00:44,560 Speaker 1: for you to thrive. 13 00:00:45,080 --> 00:00:46,800 Speaker 2: She's on the Money. 14 00:00:47,040 --> 00:00:53,120 Speaker 3: She's on the Money. Hello, and welcome to She's on 15 00:00:53,240 --> 00:00:55,480 Speaker 3: the Money the podcast and let's you be pervy about 16 00:00:55,520 --> 00:00:59,000 Speaker 3: other people's money habits for the educational purposes of course. 17 00:00:59,400 --> 00:01:01,800 Speaker 3: Welcome back to another one of our money diaries, brought 18 00:01:01,840 --> 00:01:03,720 Speaker 3: to you by Sky Wealth, where we get to talk 19 00:01:03,800 --> 00:01:06,440 Speaker 3: with one of our incredible She's on the money community 20 00:01:06,520 --> 00:01:09,320 Speaker 3: members all about their journey. Let's jump straight into it, 21 00:01:09,400 --> 00:01:11,840 Speaker 3: because this week I got a message and it sounded 22 00:01:12,000 --> 00:01:15,640 Speaker 3: exactly like this. Hi Victoria, and she's on the money. 23 00:01:15,880 --> 00:01:18,160 Speaker 3: My husband and I are in the thick of parenting 24 00:01:18,400 --> 00:01:21,240 Speaker 3: three boys right now. We made the decision to move 25 00:01:21,280 --> 00:01:23,960 Speaker 3: to regional New South Wales, knowing we'd never be able 26 00:01:24,000 --> 00:01:26,800 Speaker 3: to afford to buy in Sydney. We were fortunate to 27 00:01:26,840 --> 00:01:29,560 Speaker 3: buy a small home just before the market took off, 28 00:01:29,680 --> 00:01:32,080 Speaker 3: and later sold it to get into the house we 29 00:01:32,200 --> 00:01:35,360 Speaker 3: hope our children will grow up in. We're now navigating 30 00:01:35,400 --> 00:01:39,480 Speaker 3: full time jobs, childcare, school renovations, and considering opening a 31 00:01:39,600 --> 00:01:42,319 Speaker 3: business in our small town, and I'd love to share 32 00:01:42,440 --> 00:01:48,160 Speaker 3: our story. Money diarist. You are chaos in the best possible. 33 00:01:47,800 --> 00:01:50,720 Speaker 2: Way, absolute pure chaos all the time. 34 00:01:51,040 --> 00:01:52,800 Speaker 3: I love that. How old are your boys? 35 00:01:53,200 --> 00:01:55,640 Speaker 2: Ten, three and six? 36 00:01:55,840 --> 00:01:56,559 Speaker 3: Chaos ages? 37 00:01:56,760 --> 00:01:58,760 Speaker 2: Yep, one hundred percent in the best possible way. 38 00:01:58,840 --> 00:02:01,520 Speaker 3: But like she's a busy girl, and she's also like, oh, 39 00:02:01,600 --> 00:02:05,240 Speaker 3: by the way, we're just, you know, managing some renovations. 40 00:02:05,400 --> 00:02:07,800 Speaker 3: Why don't we open a business? We've got heaps to do. 41 00:02:08,520 --> 00:02:10,160 Speaker 3: Would you like to do a money diary with me? 42 00:02:10,320 --> 00:02:13,119 Speaker 3: Because I am very excited to jump right in. Yeah, 43 00:02:13,800 --> 00:02:14,919 Speaker 3: our life is always full on. 44 00:02:15,000 --> 00:02:18,200 Speaker 2: There's always something going on. There's always things happening. 45 00:02:18,400 --> 00:02:21,160 Speaker 3: All right, let's dive straight in. My first and always 46 00:02:21,280 --> 00:02:24,240 Speaker 3: the first question of every money diary is what grade 47 00:02:24,240 --> 00:02:25,959 Speaker 3: would you give your money habits? If I asked you 48 00:02:26,040 --> 00:02:28,239 Speaker 3: to give them a grade from A through to F, 49 00:02:28,800 --> 00:02:29,399 Speaker 3: I would. 50 00:02:29,240 --> 00:02:33,040 Speaker 2: Say I sit at a B. I love to budget, 51 00:02:33,120 --> 00:02:35,440 Speaker 2: but I am not great at sticking to said budget. 52 00:02:35,480 --> 00:02:37,040 Speaker 3: You know what, we can't be good at everything, So 53 00:02:37,160 --> 00:02:40,239 Speaker 3: that's a pretty good place to start. Money diary is 54 00:02:40,560 --> 00:02:43,360 Speaker 3: my favorite question. Tell me a little bit more about 55 00:02:43,360 --> 00:02:45,520 Speaker 3: your money story. Where'd you come from? Where are you going? 56 00:02:45,639 --> 00:02:48,520 Speaker 2: For me, growing up, money wasn't a big feature. 57 00:02:48,840 --> 00:02:49,000 Speaker 4: You know. 58 00:02:49,080 --> 00:02:51,359 Speaker 2: I'm sure money at times was tight, but as kids 59 00:02:51,400 --> 00:02:53,959 Speaker 2: we never really paid attention to it. We lived a 60 00:02:54,000 --> 00:02:57,560 Speaker 2: pretty comfortable life, but not extravagant by any means. I think. 61 00:02:57,840 --> 00:03:01,120 Speaker 2: For me, when I started to really think more about 62 00:03:01,200 --> 00:03:04,160 Speaker 2: it was after my husband and I got married and 63 00:03:04,280 --> 00:03:06,560 Speaker 2: we came back from our honeymoon and we had fifty 64 00:03:06,600 --> 00:03:10,440 Speaker 2: dollars in our bank account, absolutely living paycheck to paycheck, 65 00:03:10,560 --> 00:03:12,960 Speaker 2: And that was the point where I said, I can't 66 00:03:13,000 --> 00:03:15,679 Speaker 2: live like this. That's not how I can function. I 67 00:03:15,800 --> 00:03:18,440 Speaker 2: think that was probably my starting point. 68 00:03:18,520 --> 00:03:19,639 Speaker 3: Firstly, how was your honeymoon? 69 00:03:19,760 --> 00:03:20,840 Speaker 2: Was it good? That was lovely? 70 00:03:22,160 --> 00:03:25,720 Speaker 3: But coming back, were you really stressed? Were you anxious? 71 00:03:25,800 --> 00:03:27,320 Speaker 3: How are you feeling about it? When you say I 72 00:03:27,360 --> 00:03:29,400 Speaker 3: couldn't live like this? What does that actually mean? 73 00:03:29,720 --> 00:03:33,919 Speaker 2: Well, we were renting, I was only working casually, we 74 00:03:34,880 --> 00:03:38,360 Speaker 2: were wanting to have kids. We just had a miscarriage 75 00:03:38,520 --> 00:03:41,200 Speaker 2: just before our wedding, So just before your wedding. Yeah, 76 00:03:41,240 --> 00:03:44,000 Speaker 2: we were going to be twelve weeks at our wedding 77 00:03:44,360 --> 00:03:46,160 Speaker 2: and it didn't quite happen that way. 78 00:03:46,360 --> 00:03:47,600 Speaker 3: I'm so sorry to hear that. 79 00:03:48,080 --> 00:03:50,560 Speaker 2: That's okay, it happens. It's happened since then quite a 80 00:03:50,600 --> 00:03:52,680 Speaker 2: few times. It's something we've definitely struggled with. 81 00:03:53,200 --> 00:03:56,120 Speaker 3: I can absolutely resonate with that, and it's bullshit. It's 82 00:03:56,200 --> 00:03:58,960 Speaker 3: the worst club to be involved in ever. But at 83 00:03:59,000 --> 00:04:01,240 Speaker 3: the same time, it's just like, why did it have 84 00:04:01,320 --> 00:04:03,800 Speaker 3: to happen around your wedding? Like we don't need the 85 00:04:03,840 --> 00:04:06,480 Speaker 3: sparkle of that taken off as well, Like we're already 86 00:04:06,520 --> 00:04:08,600 Speaker 3: having a shit time. Why kick us while we're down. 87 00:04:08,840 --> 00:04:10,800 Speaker 2: The only upside was that meant I went on our 88 00:04:10,800 --> 00:04:14,000 Speaker 2: honeymoon and could drink as much as I wanted. 89 00:04:13,760 --> 00:04:16,000 Speaker 3: And you needed to do that, So obviously it was 90 00:04:16,080 --> 00:04:18,080 Speaker 3: really stressful. What did change look like? 91 00:04:18,520 --> 00:04:22,960 Speaker 2: It was after we had our first son. I wasn't working, 92 00:04:23,240 --> 00:04:26,480 Speaker 2: My husband had this job wasn't paying very well. He 93 00:04:26,640 --> 00:04:29,240 Speaker 2: was paid monthly, so we were on one income and 94 00:04:29,400 --> 00:04:33,000 Speaker 2: really making things stretch. And we grew up in the 95 00:04:33,880 --> 00:04:36,640 Speaker 2: sort of western Sydney area and even then, and this 96 00:04:36,839 --> 00:04:39,280 Speaker 2: is ten years ago, we could see that we were 97 00:04:39,320 --> 00:04:42,480 Speaker 2: going to really struggle. We both worked in hospitality, so 98 00:04:43,520 --> 00:04:46,680 Speaker 2: buying a house there just seemed totally out of our reach. 99 00:04:47,520 --> 00:04:51,840 Speaker 2: So we decided to move to regional New South Wales. 100 00:04:51,920 --> 00:04:53,880 Speaker 2: We didn't know anyone where we moved to. We picked 101 00:04:53,880 --> 00:04:58,160 Speaker 2: it purely on job opportunities for my husband and you know, 102 00:04:58,320 --> 00:04:59,880 Speaker 2: knowing it was somewhere a bit cheaper for us to 103 00:05:00,279 --> 00:05:02,400 Speaker 2: and probably worked out pretty good. 104 00:05:02,560 --> 00:05:05,120 Speaker 3: That's kind of exciting, but also a massive move. Like 105 00:05:05,240 --> 00:05:08,440 Speaker 3: I feel like the level of like reflection you have 106 00:05:08,560 --> 00:05:10,120 Speaker 3: to do to go hold on, hold on, hold on. 107 00:05:10,400 --> 00:05:12,440 Speaker 3: I don't know if our future is going to look 108 00:05:12,480 --> 00:05:14,960 Speaker 3: the way we want it to, and to be not 109 00:05:15,080 --> 00:05:18,240 Speaker 3: only reflecting on that and going that's pretty terrible like, 110 00:05:18,360 --> 00:05:21,000 Speaker 3: we don't want that for us, but to actually make 111 00:05:21,120 --> 00:05:23,160 Speaker 3: the move, Like, I just know so many people who 112 00:05:23,200 --> 00:05:24,839 Speaker 3: think that way, and they go, well, I live in Sydney. 113 00:05:24,880 --> 00:05:27,440 Speaker 3: I'm just never going to buy property, and I've reserved 114 00:05:27,480 --> 00:05:29,200 Speaker 3: myself to the factor that that's just not going to 115 00:05:29,240 --> 00:05:31,680 Speaker 3: be our reality. And you're like, no, we our reality 116 00:05:31,760 --> 00:05:34,320 Speaker 3: is buying property and we're willing to move a lot 117 00:05:34,440 --> 00:05:37,279 Speaker 3: to make that happen. Were you always on the same 118 00:05:37,320 --> 00:05:39,200 Speaker 3: page with your partner about that, because I feel like 119 00:05:39,279 --> 00:05:41,680 Speaker 3: those are big changes moving to a regional town in 120 00:05:41,760 --> 00:05:44,240 Speaker 3: New South Wales, so you could achieve your goals but 121 00:05:44,360 --> 00:05:48,840 Speaker 3: still be no friends and family in that location. What like, girl, 122 00:05:48,920 --> 00:05:50,920 Speaker 3: you got bigger balls than I do. It was hot. 123 00:05:51,279 --> 00:05:56,320 Speaker 2: I was twenty three when I had my eldest, so 124 00:05:57,040 --> 00:05:59,240 Speaker 2: we were young. None of my friends had kids yet, 125 00:05:59,279 --> 00:06:01,960 Speaker 2: but all my friends were there, my family was all there, 126 00:06:03,080 --> 00:06:06,120 Speaker 2: so it was hard to move away from that support network. 127 00:06:06,240 --> 00:06:07,520 Speaker 3: Yeah, absolutely it would be. 128 00:06:07,760 --> 00:06:11,560 Speaker 2: But working in hospitality is very easy to hop from 129 00:06:11,680 --> 00:06:13,920 Speaker 2: job to job, and I think we had sort of 130 00:06:14,000 --> 00:06:16,640 Speaker 2: recognized we'd got to the point where my husband was 131 00:06:16,640 --> 00:06:20,000 Speaker 2: going to struggle to find work that would allow him 132 00:06:20,040 --> 00:06:22,360 Speaker 2: to earn more Over the long run. Yeah, it was 133 00:06:22,400 --> 00:06:26,080 Speaker 2: probably just the trigger. I was living off senilink and 134 00:06:26,160 --> 00:06:30,960 Speaker 2: one income and making things stretch that just wasn't our thing. 135 00:06:31,440 --> 00:06:33,840 Speaker 3: And being in hospitality. I feel like it takes a 136 00:06:34,040 --> 00:06:37,880 Speaker 3: certain personality type to thrive in that space, and like 137 00:06:38,160 --> 00:06:40,839 Speaker 3: you're probably good at making friends, So like moving you'd 138 00:06:40,839 --> 00:06:43,320 Speaker 3: be like, Okay, well I'll get another hospitality job because 139 00:06:43,760 --> 00:06:46,480 Speaker 3: I'll make friends there when we get there, whereas someone 140 00:06:46,560 --> 00:06:47,720 Speaker 3: like me, I'd be like, if I move to a 141 00:06:47,839 --> 00:06:50,080 Speaker 3: foreign town, like I don't even know how I would 142 00:06:50,160 --> 00:06:51,559 Speaker 3: connect with other people. 143 00:06:51,960 --> 00:06:55,120 Speaker 2: Oh, no, I have struggled connecting to people. I think. No, 144 00:06:55,760 --> 00:06:57,800 Speaker 2: I made friends going back to work. That's why I 145 00:06:57,839 --> 00:07:01,400 Speaker 2: went back to work. Initially was just to speak to 146 00:07:01,480 --> 00:07:04,240 Speaker 2: adults again, and remember that I'm an adult who can 147 00:07:04,279 --> 00:07:07,440 Speaker 2: speak to other adults. Yeah, it's definitely taken quite a while, 148 00:07:07,480 --> 00:07:09,680 Speaker 2: and we were fortunate some of my family moved out 149 00:07:09,720 --> 00:07:12,040 Speaker 2: here after us, so now we have some of them 150 00:07:12,080 --> 00:07:13,880 Speaker 2: close again, which is fantastic. 151 00:07:14,040 --> 00:07:14,600 Speaker 1: How good. 152 00:07:15,320 --> 00:07:15,880 Speaker 4: I love that. 153 00:07:16,400 --> 00:07:18,320 Speaker 3: So tell me a bit more about you and your husband. 154 00:07:18,400 --> 00:07:19,920 Speaker 3: What do you guys do for work and how much 155 00:07:19,960 --> 00:07:20,720 Speaker 3: money do you earn? 156 00:07:21,080 --> 00:07:24,400 Speaker 2: So I work for a not for profit in an 157 00:07:24,480 --> 00:07:27,480 Speaker 2: office based job. That is quite a new role. I've 158 00:07:27,520 --> 00:07:30,160 Speaker 2: only been in it for six months, my first out 159 00:07:30,160 --> 00:07:33,600 Speaker 2: of hospitality job, which is very exciting. Oh, congrat And 160 00:07:33,880 --> 00:07:38,320 Speaker 2: I earn about eighty eight thousand and I do salary package. 161 00:07:38,360 --> 00:07:39,640 Speaker 3: Okay, that's nice. 162 00:07:39,840 --> 00:07:43,760 Speaker 2: And my husband is still a chef he earns ninety 163 00:07:44,040 --> 00:07:46,760 Speaker 2: five at the moment. That is a bit of a 164 00:07:47,480 --> 00:07:49,320 Speaker 2: tricky situation we're going through at the moment. 165 00:07:49,480 --> 00:07:51,280 Speaker 3: What does that mean. I've got to be pervy. 166 00:07:51,440 --> 00:07:55,480 Speaker 2: I know, you absolutely have to be perty. His workplace 167 00:07:55,520 --> 00:07:59,000 Speaker 2: has gone into administration as of last week. Yeah, so 168 00:07:59,160 --> 00:08:02,920 Speaker 2: we are waiting to see if there's a redundancy. We 169 00:08:03,080 --> 00:08:06,120 Speaker 2: don't know. He super hasn't been paid for some time, 170 00:08:06,520 --> 00:08:10,920 Speaker 2: so we are very much waiting to see what the 171 00:08:11,000 --> 00:08:11,560 Speaker 2: outcome is. 172 00:08:11,880 --> 00:08:15,520 Speaker 3: Oh my goodness, that is really upsetting, especially like the 173 00:08:15,680 --> 00:08:19,280 Speaker 3: timing and then also just what do you mean no 174 00:08:19,480 --> 00:08:22,080 Speaker 3: super has been paid in the recent times? Like is 175 00:08:22,120 --> 00:08:24,480 Speaker 3: this like for months or the time he's worked for them, 176 00:08:24,640 --> 00:08:26,400 Speaker 3: or like what most of the. 177 00:08:26,480 --> 00:08:29,960 Speaker 2: Time they've made some very small sporadic payment. That is 178 00:08:30,120 --> 00:08:33,199 Speaker 2: so rude. Yeah, so that's really difficult and it's definitely 179 00:08:33,280 --> 00:08:35,160 Speaker 2: put us in a bit of a holding pattern at 180 00:08:35,200 --> 00:08:35,560 Speaker 2: the moment. 181 00:08:35,679 --> 00:08:39,880 Speaker 3: Yeah, absolutely, as well as being stressful because in administration, 182 00:08:40,200 --> 00:08:42,719 Speaker 3: like if they go into administration and they ultimately get 183 00:08:42,760 --> 00:08:45,959 Speaker 3: shut down completely, like there's nobody to chase for those 184 00:08:46,000 --> 00:08:48,200 Speaker 3: super payments. Usually no, I've. 185 00:08:48,080 --> 00:08:51,640 Speaker 2: Looked into it. I think he will get paid out 186 00:08:51,800 --> 00:08:55,480 Speaker 2: his annual leave. Yeah, most likely of redundancy because that 187 00:08:55,600 --> 00:08:58,679 Speaker 2: is government guaranteed, but the super is not. So we 188 00:08:58,840 --> 00:08:59,160 Speaker 2: do not that. 189 00:08:59,320 --> 00:09:01,600 Speaker 3: Oh my goodness. Yes, well, if you need my help, 190 00:09:01,679 --> 00:09:04,160 Speaker 3: you let me know, my love, Like, I've always got 191 00:09:04,200 --> 00:09:06,360 Speaker 3: a little bit of fight to give to stuff like that. 192 00:09:07,400 --> 00:09:10,000 Speaker 3: Now tell me you said earlier, like you know, we 193 00:09:10,080 --> 00:09:13,360 Speaker 3: moved to regional New South Wales market like hadn't boomed yet, 194 00:09:13,440 --> 00:09:16,000 Speaker 3: took off, sold that property and then we bought like 195 00:09:16,480 --> 00:09:18,719 Speaker 3: essentially our forever home and we want our kids to 196 00:09:18,760 --> 00:09:22,079 Speaker 3: grow up there. I feel like that's the biggest financial goal. 197 00:09:22,160 --> 00:09:23,959 Speaker 3: But what are your other financial goals? What are you 198 00:09:23,960 --> 00:09:25,520 Speaker 3: guys currently working towards? 199 00:09:25,880 --> 00:09:28,160 Speaker 2: Right now, we are smack bang in the middle of 200 00:09:28,200 --> 00:09:31,000 Speaker 2: a renovation. Well and actually now I'm hoping we're towards 201 00:09:31,040 --> 00:09:33,920 Speaker 2: the end of this renovation. Yeah, so we have been 202 00:09:33,960 --> 00:09:36,880 Speaker 2: working towards this one for a while. We are still 203 00:09:37,360 --> 00:09:38,520 Speaker 2: trying to have another. 204 00:09:38,320 --> 00:09:40,880 Speaker 3: Baby, So yay, four babies. 205 00:09:41,160 --> 00:09:44,319 Speaker 2: That is a potential. We have gone through IVF for 206 00:09:44,400 --> 00:09:47,240 Speaker 2: one of our three, but I do not want to 207 00:09:47,320 --> 00:09:49,640 Speaker 2: go through IVF again. Financially, I don't want to go 208 00:09:49,679 --> 00:09:51,920 Speaker 2: through it again. Emotionally, I do not want to go 209 00:09:52,000 --> 00:09:55,079 Speaker 2: through it again. I definitely feel I am getting older, 210 00:09:55,120 --> 00:09:58,040 Speaker 2: and I also want to be done with having babies now. 211 00:09:58,200 --> 00:09:59,760 Speaker 2: I want to move on to that next stage. 212 00:10:00,080 --> 00:10:03,319 Speaker 3: You're only thirty five, You're still a child, basically, like 213 00:10:03,559 --> 00:10:06,160 Speaker 3: people are having babies in their fifties. Now, this will happen, 214 00:10:06,320 --> 00:10:08,160 Speaker 3: It'll be fine. I'm manifesting this for us. 215 00:10:08,800 --> 00:10:11,959 Speaker 2: Yes, so yeah, I don't know if we have any 216 00:10:12,000 --> 00:10:14,440 Speaker 2: other big gals at the moment. I definitely have been 217 00:10:14,480 --> 00:10:17,880 Speaker 2: putting a bit into shares, but again I'm sort of 218 00:10:18,160 --> 00:10:21,120 Speaker 2: pulled back on that in the last month while we 219 00:10:21,280 --> 00:10:24,000 Speaker 2: wait to know what's happening. Yeah. Yeah, I feel like 220 00:10:24,120 --> 00:10:26,720 Speaker 2: our our goals are actually probably on pause a moment. 221 00:10:26,840 --> 00:10:29,640 Speaker 3: Well, I mean yeah, because like that's a really stressful thing. 222 00:10:29,800 --> 00:10:32,080 Speaker 3: And like when you told me your income, I'm like, oh, 223 00:10:32,240 --> 00:10:34,160 Speaker 3: eighty eight and then your husband's on ninety five, Like 224 00:10:34,240 --> 00:10:37,960 Speaker 3: you're like that's comfortable, especially if you're in regional New 225 00:10:38,000 --> 00:10:40,320 Speaker 3: South Wales. You already own your property, Like, yes, life 226 00:10:40,400 --> 00:10:43,119 Speaker 3: is stressful. You've got three young boys. That's really expensive. 227 00:10:43,320 --> 00:10:46,319 Speaker 3: Like life happens, but like you could totally find a 228 00:10:46,360 --> 00:10:48,120 Speaker 3: way to have another kid. But then you find out 229 00:10:48,200 --> 00:10:50,760 Speaker 3: that your husband's workplace is going through administration. You're like, 230 00:10:50,920 --> 00:10:52,760 Speaker 3: hold up, hold up, I'm trying to get knocked up here, 231 00:10:52,960 --> 00:10:55,319 Speaker 3: Like that is not part of the deal. Yeah, Like 232 00:10:55,480 --> 00:10:58,240 Speaker 3: that must be very stressful, So I'm sorry that you're 233 00:10:58,280 --> 00:11:00,280 Speaker 3: going through that. I want to go back to your 234 00:11:00,320 --> 00:11:02,640 Speaker 3: renovations though. So you bought the house that you want 235 00:11:02,640 --> 00:11:05,120 Speaker 3: your kids to grow up in, which is very exciting. Yeah, 236 00:11:05,280 --> 00:11:07,559 Speaker 3: what renos are we doing? And were they rener is 237 00:11:07,600 --> 00:11:09,600 Speaker 3: that you're like, oh, they're just cosmetic changes or were 238 00:11:09,600 --> 00:11:11,440 Speaker 3: they Like we bought the house and oh my goodness, 239 00:11:11,520 --> 00:11:14,200 Speaker 3: we'd be saving up for ages because you should us 240 00:11:14,240 --> 00:11:15,080 Speaker 3: in the bathrooms. 241 00:11:15,800 --> 00:11:19,480 Speaker 2: Yes, yeah, No, we bought this house fully intending to 242 00:11:19,520 --> 00:11:21,880 Speaker 2: renovate the kitchen that is where we love to be. 243 00:11:22,360 --> 00:11:25,359 Speaker 2: We did not intend to have to renovate a bathroom 244 00:11:25,640 --> 00:11:29,000 Speaker 2: or repair the roof. They're the main things that were unintentional. 245 00:11:29,320 --> 00:11:33,240 Speaker 2: So we have, yeah, spent more than we had want 246 00:11:33,280 --> 00:11:36,040 Speaker 2: to do. We did have to remortgage to draw out 247 00:11:36,080 --> 00:11:38,120 Speaker 2: a bit more funds to do it, but I think 248 00:11:38,320 --> 00:11:41,320 Speaker 2: we will get it done soon and have the little 249 00:11:41,360 --> 00:11:43,080 Speaker 2: bit of money left over hopefully. Yeah. 250 00:11:43,120 --> 00:11:45,480 Speaker 3: And will that make it a little bit more I 251 00:11:45,559 --> 00:11:48,679 Speaker 3: guess comfortable, given we're just not sure what's happening with 252 00:11:48,760 --> 00:11:51,520 Speaker 3: your husband's situation in your husband's job. 253 00:11:51,880 --> 00:11:54,880 Speaker 2: Yeah, definitely. We've got one big bill left to pay, 254 00:11:54,920 --> 00:11:58,080 Speaker 2: which is our builder, and that one wasn't a fixed contract, 255 00:11:58,160 --> 00:12:00,480 Speaker 2: so I had an idea of what worse would be, 256 00:12:00,600 --> 00:12:03,560 Speaker 2: and we had budgeted for worst case, but it's looking 257 00:12:03,720 --> 00:12:06,679 Speaker 2: like it will be significantly less than that. That was 258 00:12:06,880 --> 00:12:09,720 Speaker 2: definitely a relief. Yeah. 259 00:12:09,800 --> 00:12:12,000 Speaker 3: Well, I'm glad that you were able to re mortgage 260 00:12:12,120 --> 00:12:14,680 Speaker 3: and you've gotten access to that cash. Do you also 261 00:12:14,760 --> 00:12:17,200 Speaker 3: have like an emergency fund and stuff like that set up? 262 00:12:17,360 --> 00:12:20,760 Speaker 2: Yeah, We've got about sixteen thousand in an emergency fund, 263 00:12:20,840 --> 00:12:23,679 Speaker 2: and i've sort of, oh, Alie, worked out a budget 264 00:12:23,760 --> 00:12:26,719 Speaker 2: on our worst case scenario and how that'll look and 265 00:12:27,080 --> 00:12:29,080 Speaker 2: how much we'd have to dip into that each week 266 00:12:29,160 --> 00:12:31,520 Speaker 2: and how long we could live off that. Yeah. 267 00:12:31,640 --> 00:12:34,840 Speaker 3: For Yeah, and talk to me about this conversation, because 268 00:12:34,840 --> 00:12:38,880 Speaker 3: I feel like this conversation could be really stressful to have, Like, 269 00:12:39,400 --> 00:12:41,360 Speaker 3: can you tell me how this played out? Because I 270 00:12:41,400 --> 00:12:43,959 Speaker 3: feel like it happens to a lot of people. Was 271 00:12:44,040 --> 00:12:46,960 Speaker 3: this something that you foresaw happening or was this something 272 00:12:47,000 --> 00:12:49,000 Speaker 3: that your husband came home one day and was like, babe, 273 00:12:49,120 --> 00:12:52,440 Speaker 3: sit down, like what happened in that situation? 274 00:12:53,040 --> 00:12:55,319 Speaker 2: He was like, Oh, I have to tell you. I 275 00:12:55,440 --> 00:12:58,760 Speaker 2: found out something. You can't tell anyone about it yet. Yeah, 276 00:12:58,800 --> 00:13:01,199 Speaker 2: he found out a few perform the other staff did, 277 00:13:02,040 --> 00:13:04,520 Speaker 2: so we had a bit of pre warning by a 278 00:13:04,559 --> 00:13:07,240 Speaker 2: couple of weeks that it was likely to happen. But 279 00:13:07,320 --> 00:13:10,240 Speaker 2: that's a couple of weeks. It was a stressful conversation. 280 00:13:10,640 --> 00:13:13,120 Speaker 2: For sure. We are in a very small town now, 281 00:13:13,240 --> 00:13:16,800 Speaker 2: so everybody definitely for him, job opportunities here are going 282 00:13:16,880 --> 00:13:17,720 Speaker 2: to be pretty limited. 283 00:13:18,120 --> 00:13:20,360 Speaker 3: Yeah, that's really really stressful. All right, let's go to 284 00:13:20,480 --> 00:13:22,640 Speaker 3: a break because on the flip side, I want to 285 00:13:22,679 --> 00:13:24,640 Speaker 3: talk to you a bit more about shares and investing 286 00:13:24,679 --> 00:13:27,160 Speaker 3: because you dangled a carrot earlier and said that you 287 00:13:27,240 --> 00:13:28,559 Speaker 3: were putting some money in there, and I was like, 288 00:13:28,640 --> 00:13:30,079 Speaker 3: I really want to ask what I've got a weight, 289 00:13:30,120 --> 00:13:33,120 Speaker 3: I've got other questions first, So guys, don't go anywhere. 290 00:13:33,200 --> 00:13:38,640 Speaker 3: We will get to the min a second. All right, 291 00:13:38,679 --> 00:13:40,640 Speaker 3: money drice, We are back and I get to dive 292 00:13:40,720 --> 00:13:44,000 Speaker 3: into investing. It makes me so excited. Tell me do 293 00:13:44,120 --> 00:13:45,880 Speaker 3: you have any investments? If so, what are they? 294 00:13:46,240 --> 00:13:49,760 Speaker 2: Yeah, so we're on they dabbling. Literally, we started off 295 00:13:49,840 --> 00:13:53,800 Speaker 2: with rays and was putting little bits of money in there, 296 00:13:54,200 --> 00:13:56,840 Speaker 2: occasionally a little lump sum when we'd get a bit 297 00:13:56,960 --> 00:14:00,880 Speaker 2: extra on tax back. It's only sitting at four thousand 298 00:14:01,000 --> 00:14:01,559 Speaker 2: at the moment. 299 00:14:01,760 --> 00:14:05,040 Speaker 3: That's still very good. Girl. You're thirty five and you're investing, 300 00:14:05,080 --> 00:14:06,640 Speaker 3: and you have three kids and you're just getting your 301 00:14:06,679 --> 00:14:08,440 Speaker 3: stuff together like this is good. 302 00:14:08,640 --> 00:14:11,959 Speaker 2: Yeah. And then I've just started dabbling in Chaseis and 303 00:14:12,120 --> 00:14:14,400 Speaker 2: potentially I will move it over. I mean no rush 304 00:14:14,480 --> 00:14:16,880 Speaker 2: to do so. So that's only got like under one 305 00:14:16,880 --> 00:14:20,000 Speaker 2: thousand dollars while I just sort of sus it out. 306 00:14:20,480 --> 00:14:23,840 Speaker 2: I started putting some money aside for each of our 307 00:14:23,960 --> 00:14:27,360 Speaker 2: kids to invest. I have only just started that, and 308 00:14:27,400 --> 00:14:29,800 Speaker 2: that is something I've had to stop as well at 309 00:14:29,840 --> 00:14:31,760 Speaker 2: the moment while we wait and see. 310 00:14:31,720 --> 00:14:34,360 Speaker 3: Yeah, of course everything should gone pause, Like we just 311 00:14:34,440 --> 00:14:37,400 Speaker 3: don't need to be doing anything that could be considered 312 00:14:37,440 --> 00:14:40,680 Speaker 3: discretionary right now, Like we can catch up later. That 313 00:14:40,840 --> 00:14:43,240 Speaker 3: is absolutely fine, but we don't need even more financial 314 00:14:43,320 --> 00:14:46,720 Speaker 3: stress on ourselves during a time where I'm assuming you're 315 00:14:46,760 --> 00:14:47,440 Speaker 3: pretty stressed. 316 00:14:47,720 --> 00:14:49,800 Speaker 2: Yeah, so I'm still putting the money aside, but it's 317 00:14:49,920 --> 00:14:52,800 Speaker 2: just going into a savings account or an offset account 318 00:14:52,920 --> 00:14:55,960 Speaker 2: for now while I just wait to see what's what's going. 319 00:14:55,920 --> 00:14:58,200 Speaker 3: To happen, work out what's going on, and then we 320 00:14:58,320 --> 00:15:00,760 Speaker 3: can do that later if we need it. That's absolutely fine, 321 00:15:01,160 --> 00:15:04,680 Speaker 3: which is honestly pretty good because Chesi's have recently announced 322 00:15:04,680 --> 00:15:06,320 Speaker 3: and this feels like an ad and I promise it's not. 323 00:15:06,400 --> 00:15:09,240 Speaker 3: But Chezy's recently announced their kids accounts and they haven't 324 00:15:09,280 --> 00:15:11,280 Speaker 3: dropped at the time that you and I are recording this, 325 00:15:11,680 --> 00:15:13,920 Speaker 3: so maybe you're just waiting for that. Like that's great. 326 00:15:14,200 --> 00:15:17,280 Speaker 2: Yeah, I started putting a bit in RAYS and then 327 00:15:17,600 --> 00:15:19,320 Speaker 2: I saw that come out, and I was like, no, 328 00:15:19,440 --> 00:15:22,840 Speaker 2: maybe I will wait, and yeah, I will just maybe 329 00:15:22,920 --> 00:15:24,760 Speaker 2: put it all in there once I see it and 330 00:15:24,840 --> 00:15:27,040 Speaker 2: see what that looks like. So that is a bit exciting. 331 00:15:27,200 --> 00:15:30,000 Speaker 3: I love that, And talk to me about superannuation. I 332 00:15:30,040 --> 00:15:32,320 Speaker 3: feel like that's a stressful topic at the moment as well, 333 00:15:32,440 --> 00:15:34,360 Speaker 3: So I had to apologize. Feel like I've got you 334 00:15:34,440 --> 00:15:37,360 Speaker 3: in limbo likera. I'm asking you all about money when 335 00:15:37,360 --> 00:15:40,239 Speaker 3: you're probably the most stressed about money. So I apologize, 336 00:15:40,280 --> 00:15:42,840 Speaker 3: but also thank you for being so open with us. 337 00:15:43,880 --> 00:15:46,560 Speaker 3: Tell me what's in your super and what's in your 338 00:15:46,640 --> 00:15:49,360 Speaker 3: husband's super, and what are we doing about the fact 339 00:15:49,440 --> 00:15:50,640 Speaker 3: that he hasn't been paid. 340 00:15:51,600 --> 00:15:55,120 Speaker 2: I have just ticked over fifty thousand in mine. Oh no, 341 00:15:55,400 --> 00:15:58,840 Speaker 2: my husband has seventy, but it should be at ninety. 342 00:15:59,320 --> 00:16:01,520 Speaker 2: We don't know what's happening with his super yet. I 343 00:16:01,600 --> 00:16:04,000 Speaker 2: think there's another meeting coming up and we will find 344 00:16:04,040 --> 00:16:08,080 Speaker 2: out more. I really don't expect he will get everything 345 00:16:08,160 --> 00:16:11,320 Speaker 2: he's owed. If we're lucky, we might get some of 346 00:16:11,440 --> 00:16:14,040 Speaker 2: what he is owed. I have been putting a bit 347 00:16:14,120 --> 00:16:18,160 Speaker 2: of extra of my pay into my super pre tax, yeah, 348 00:16:18,280 --> 00:16:21,520 Speaker 2: which is just one hundred dollars a fortnight, just a 349 00:16:21,600 --> 00:16:24,000 Speaker 2: top mine up because mine was I've had a lot 350 00:16:24,040 --> 00:16:26,680 Speaker 2: of time off work with kids. I worked casually on 351 00:16:26,800 --> 00:16:29,840 Speaker 2: and off quite a bit, so that has definitely helped, 352 00:16:29,920 --> 00:16:31,680 Speaker 2: but mine up a bit of recent. 353 00:16:31,600 --> 00:16:34,280 Speaker 3: Yeah, and now I know that you know that your 354 00:16:34,360 --> 00:16:38,400 Speaker 3: husband's company is going into administration. But one thing I 355 00:16:38,440 --> 00:16:41,400 Speaker 3: would recommend, so obviously not advice, This is just what 356 00:16:41,480 --> 00:16:44,840 Speaker 3: I would do in this situation is still going and 357 00:16:45,080 --> 00:16:48,360 Speaker 3: reporting it to the ATO, so making sure. I don't 358 00:16:48,400 --> 00:16:49,920 Speaker 3: know if you've done this already, but I would go 359 00:16:50,120 --> 00:16:54,240 Speaker 3: through the actual proper channel of making a complete report 360 00:16:55,000 --> 00:16:57,960 Speaker 3: to the ATO to say you are eligible for it, 361 00:16:58,200 --> 00:17:00,360 Speaker 3: it has not been paid. This is what has not 362 00:17:00,560 --> 00:17:03,120 Speaker 3: been paid, so that it comes up as an official 363 00:17:03,280 --> 00:17:07,399 Speaker 3: debt that could potentially be taken into consideration during the liquidation, 364 00:17:08,080 --> 00:17:10,600 Speaker 3: because otherwise they might go, oh, super we'll get to it. 365 00:17:10,760 --> 00:17:13,760 Speaker 3: Like no one's really spoken up about this, so like 366 00:17:13,960 --> 00:17:17,000 Speaker 3: nothing's official and like you know, the liquidators haven't been 367 00:17:17,040 --> 00:17:18,879 Speaker 3: made aware of it. No, no, no, we're just going 368 00:17:18,920 --> 00:17:21,120 Speaker 3: to jump and scream about that because that one that's 369 00:17:21,160 --> 00:17:25,520 Speaker 3: twenty thousand dollars bab and unpaid super like needs to 370 00:17:25,560 --> 00:17:27,399 Speaker 3: be reported. So I don't know what you're doing in 371 00:17:27,480 --> 00:17:29,080 Speaker 3: that space, but that is where I would go with 372 00:17:29,200 --> 00:17:31,359 Speaker 3: it immediately, because even if you don't get it and 373 00:17:31,440 --> 00:17:33,080 Speaker 3: it was a waste of time, we tried our best. 374 00:17:33,400 --> 00:17:36,560 Speaker 2: Yep. Yeah, I think he has reached out. At the time, 375 00:17:36,640 --> 00:17:38,920 Speaker 2: he was told to wait a week. I don't know why. 376 00:17:39,000 --> 00:17:40,920 Speaker 3: Yeah, because his employer doesn't want to have to put 377 00:17:41,000 --> 00:17:42,000 Speaker 3: that on a balance sheet. 378 00:17:42,080 --> 00:17:45,200 Speaker 2: No, but they do have a meeting coming up specifically 379 00:17:45,320 --> 00:17:49,240 Speaker 2: about super so it will be interesting to see what 380 00:17:49,520 --> 00:17:50,480 Speaker 2: comes from that. Yeah. 381 00:17:50,600 --> 00:17:54,400 Speaker 3: I just I am so critical of these processes. I'm 382 00:17:54,520 --> 00:17:57,399 Speaker 3: just like one of those people that you know when 383 00:17:57,400 --> 00:18:00,200 Speaker 3: you're like, oh, she sees the best in everybody. I 384 00:18:00,320 --> 00:18:03,000 Speaker 3: really do try, but I've seen the worst in everybody too, 385 00:18:03,160 --> 00:18:05,880 Speaker 3: So I'm always so critical and I'm like, yeah, cool, 386 00:18:05,880 --> 00:18:07,639 Speaker 3: they're probably going to gaslight him in that meeting and 387 00:18:07,680 --> 00:18:09,840 Speaker 3: try and make a settlement agreement. But we want full 388 00:18:09,920 --> 00:18:12,520 Speaker 3: them out. So if you need any help, you reach out, 389 00:18:12,600 --> 00:18:16,639 Speaker 3: my love. Now, talk to me about debts. What debts 390 00:18:16,720 --> 00:18:18,440 Speaker 3: do you guys have, what do they look like, and 391 00:18:18,520 --> 00:18:19,639 Speaker 3: how do they make you feel. 392 00:18:19,880 --> 00:18:23,399 Speaker 2: We have a mortgage that right now is five hundred 393 00:18:23,440 --> 00:18:26,280 Speaker 2: and forty thousand, and we have a car loan that's 394 00:18:26,800 --> 00:18:29,120 Speaker 2: we're trying to smash out and that sits at eighteen 395 00:18:29,200 --> 00:18:29,680 Speaker 2: at the moment. 396 00:18:29,880 --> 00:18:31,600 Speaker 3: That's not too bad. Do you know the interest rate 397 00:18:31,720 --> 00:18:32,359 Speaker 3: on your Carlon? 398 00:18:32,560 --> 00:18:34,520 Speaker 2: Hi? Yeah, I do. 399 00:18:34,680 --> 00:18:35,280 Speaker 3: It's fixed. 400 00:18:35,640 --> 00:18:37,640 Speaker 2: It was a seven year loan and we're on track 401 00:18:37,720 --> 00:18:40,760 Speaker 2: to pay it off in two years two and a 402 00:18:40,800 --> 00:18:41,360 Speaker 2: half years. 403 00:18:41,520 --> 00:18:42,480 Speaker 3: Oh, how good. 404 00:18:42,800 --> 00:18:45,040 Speaker 2: So we're working hard on that. Yeah, and we pay 405 00:18:45,160 --> 00:18:47,919 Speaker 2: extra off our mortgage each streek to have a bit 406 00:18:47,960 --> 00:18:51,160 Speaker 2: of a buffer, and so I know that worst comes 407 00:18:51,200 --> 00:18:53,920 Speaker 2: to worse, I will drop everything back to minimum payments 408 00:18:53,960 --> 00:18:56,199 Speaker 2: for a bit, yeah, and give us a little bit 409 00:18:56,240 --> 00:18:57,440 Speaker 2: of more breathing space. Yeah. 410 00:18:57,480 --> 00:18:59,560 Speaker 3: So tell me a bit about this mortgage. You owe 411 00:19:00,000 --> 00:19:02,360 Speaker 3: one hundred and forty thousand dollars. What did you purchase 412 00:19:02,400 --> 00:19:04,040 Speaker 3: your property for and when? 413 00:19:04,240 --> 00:19:08,080 Speaker 2: So we bought this house twenty twenty four for six 414 00:19:08,200 --> 00:19:08,600 Speaker 2: hundred and. 415 00:19:08,640 --> 00:19:10,840 Speaker 3: Eighty Okay, hey, that's really good. 416 00:19:11,240 --> 00:19:14,000 Speaker 2: Yeah, this is our second house. So we bought a 417 00:19:14,080 --> 00:19:17,440 Speaker 2: house when we first moved out here and did quite 418 00:19:17,480 --> 00:19:20,320 Speaker 2: well from that, so that definitely helped us. We moved 419 00:19:20,320 --> 00:19:22,200 Speaker 2: a little bit more regionally for this one so we 420 00:19:22,280 --> 00:19:25,680 Speaker 2: could go a bit bigger, bigger blocker land, a bigger house. Yeah, 421 00:19:25,760 --> 00:19:26,400 Speaker 2: that's worked. 422 00:19:26,200 --> 00:19:28,000 Speaker 3: Out quite well. So tell me a little bit more 423 00:19:28,040 --> 00:19:31,160 Speaker 3: about that, because you said you bought before the market 424 00:19:31,200 --> 00:19:34,320 Speaker 3: boomed and did well, what did you purchase that house 425 00:19:34,400 --> 00:19:36,000 Speaker 3: for and then how much did you sell it for? 426 00:19:36,240 --> 00:19:39,280 Speaker 3: I'm just so pervy. I'm so sorry, but also I'm 427 00:19:39,280 --> 00:19:40,600 Speaker 3: not sorry. Please tell me, No, we. 428 00:19:40,760 --> 00:19:44,000 Speaker 2: Bought it was when the market was starting to take off. 429 00:19:44,080 --> 00:19:46,600 Speaker 2: We were going to open homes and people were making 430 00:19:46,840 --> 00:19:50,720 Speaker 2: offers there on their first open house. Oh my goodness, yes, 431 00:19:50,840 --> 00:19:54,320 Speaker 2: So I saw this house. I rang the real estate agent. 432 00:19:54,480 --> 00:19:56,600 Speaker 2: I was like, I want to see this house VAP 433 00:19:56,920 --> 00:19:59,840 Speaker 2: this weekend on Sunday. He showed us to it on 434 00:20:00,040 --> 00:20:02,720 Speaker 2: the Sunday. We made our offer on the Sunday. It 435 00:20:02,840 --> 00:20:04,120 Speaker 2: was accepted on the Sunday. 436 00:20:04,520 --> 00:20:05,240 Speaker 3: Oh my goodness. 437 00:20:05,400 --> 00:20:07,600 Speaker 2: Yeah. It was really close to where we were renting. 438 00:20:07,800 --> 00:20:09,879 Speaker 2: It was in our price range. So we bought it 439 00:20:09,960 --> 00:20:13,040 Speaker 2: for three hundred and eighty Yeah in twenty eighteen. 440 00:20:12,800 --> 00:20:14,600 Speaker 3: How good? And then when did you sell it? And 441 00:20:14,800 --> 00:20:15,360 Speaker 3: for how much? 442 00:20:15,440 --> 00:20:18,119 Speaker 2: For so last year we sold it for seven hundred and. 443 00:20:18,200 --> 00:20:21,600 Speaker 3: Five stop it. That is literally so cool. Did you 444 00:20:21,720 --> 00:20:25,440 Speaker 3: see that type of property price increase coming? Because like 445 00:20:25,480 --> 00:20:26,959 Speaker 3: that would have blocked you out of the market. There 446 00:20:27,000 --> 00:20:29,480 Speaker 3: is no way that like had you moved out like 447 00:20:29,680 --> 00:20:33,240 Speaker 3: in twenty twenty four, purchasing for seven hundred grand wouldn't 448 00:20:33,240 --> 00:20:33,880 Speaker 3: have been on the cards. 449 00:20:34,000 --> 00:20:37,480 Speaker 2: We didn't buy it with the thought about where it 450 00:20:37,520 --> 00:20:40,920 Speaker 2: would head. We bought it because it was. It didn't 451 00:20:40,920 --> 00:20:43,200 Speaker 2: tick all our boxes. We would have loved an extra 452 00:20:43,280 --> 00:20:46,800 Speaker 2: bathroom and an extra bedroom. And all these things. But 453 00:20:47,040 --> 00:20:49,200 Speaker 2: at the time it was in our price range. It 454 00:20:49,320 --> 00:20:52,240 Speaker 2: was close to a good school. We didn't have school 455 00:20:52,240 --> 00:20:54,040 Speaker 2: age children then, but we were not far off it, 456 00:20:54,280 --> 00:20:56,080 Speaker 2: and we did a bit of work. We did renovate 457 00:20:56,119 --> 00:20:59,600 Speaker 2: the kitchen and then the bathroom and put a few 458 00:20:59,680 --> 00:21:03,800 Speaker 2: extra in, but most of that is just the market 459 00:21:04,520 --> 00:21:06,520 Speaker 2: going a little bit crazy after we bought it. 460 00:21:06,720 --> 00:21:09,040 Speaker 3: Yeah, that's so good. So you basically walked away with 461 00:21:09,119 --> 00:21:13,280 Speaker 3: a three hundred and twenty five thousand dollars profit. Did 462 00:21:13,359 --> 00:21:15,200 Speaker 3: that then become the deposit or what did you do 463 00:21:15,400 --> 00:21:16,159 Speaker 3: with that cash? 464 00:21:16,480 --> 00:21:19,480 Speaker 2: So we put most of it into the deposit for 465 00:21:19,600 --> 00:21:23,560 Speaker 2: this house. We held back some for the renovation, yep, 466 00:21:23,960 --> 00:21:26,840 Speaker 2: and then we re mortgaged to get back a bit more. Again. Yeah, 467 00:21:26,880 --> 00:21:29,120 Speaker 2: well everything when it's once we realized how much it's 468 00:21:29,160 --> 00:21:29,520 Speaker 2: going to cost. 469 00:21:29,600 --> 00:21:31,280 Speaker 3: Yeah, it's wild, isn't it. And you go, oh, this 470 00:21:31,440 --> 00:21:34,879 Speaker 3: is worst case scenario. Yeah, we'll budget for that because 471 00:21:34,880 --> 00:21:36,879 Speaker 3: we're trying to be really smart. And then it's like 472 00:21:36,920 --> 00:21:39,480 Speaker 3: the worst, worst, worst case scenario and you're like, excuse me, 473 00:21:39,560 --> 00:21:42,280 Speaker 3: but that's not what I signed up for. But we're 474 00:21:42,320 --> 00:21:45,119 Speaker 3: already too deep. We don't have a bathroom now, we 475 00:21:45,240 --> 00:21:48,400 Speaker 3: removed it before we realized that the worst was happening. 476 00:21:48,720 --> 00:21:51,679 Speaker 2: Yes, for a while we were without bathroom, without kitchen. 477 00:21:51,880 --> 00:21:53,680 Speaker 2: Oh no, we still lived in the house while we 478 00:21:53,760 --> 00:21:56,399 Speaker 2: did all this. Yes, we are ready for it to 479 00:21:56,480 --> 00:21:57,040 Speaker 2: be finished. 480 00:21:57,080 --> 00:21:57,640 Speaker 1: Oh my gosh. 481 00:21:57,680 --> 00:22:00,720 Speaker 3: And what does that timeline look like? Are you most there? 482 00:22:01,040 --> 00:22:04,560 Speaker 2: Yeah, it's the kitchen's mostly done, the laundry is done. 483 00:22:04,880 --> 00:22:07,880 Speaker 2: We're just finishing up the bathroom. And it's an on suite, 484 00:22:07,960 --> 00:22:09,080 Speaker 2: so we have another bathroom. 485 00:22:09,119 --> 00:22:10,399 Speaker 3: So that is not not the end of it. 486 00:22:10,600 --> 00:22:13,840 Speaker 2: Definitely wasn't my priority. This bathroom had a leak that 487 00:22:14,000 --> 00:22:16,360 Speaker 2: meant the whole bathroom had to be gutted and replaced. 488 00:22:16,680 --> 00:22:18,879 Speaker 3: How frustrated. So not what we wanted to do, No, 489 00:22:19,040 --> 00:22:21,400 Speaker 3: absolutely not. But then once you start digging you find 490 00:22:21,440 --> 00:22:24,040 Speaker 3: these things like you can't actually afford to not replace them, 491 00:22:24,240 --> 00:22:27,040 Speaker 3: because that if you just pretended that didn't happen, you'd 492 00:22:27,119 --> 00:22:28,680 Speaker 3: end up with a bigger problem down the road. 493 00:22:29,119 --> 00:22:31,359 Speaker 2: Yes, so we bit the bullet on that one, and 494 00:22:31,840 --> 00:22:34,960 Speaker 2: we're not doing anything fancy for that bathroom. Our priority 495 00:22:35,080 --> 00:22:37,399 Speaker 2: was the kitchen. That's where we've put the things we 496 00:22:37,520 --> 00:22:39,639 Speaker 2: love and we've made it what we want. But the 497 00:22:39,760 --> 00:22:43,399 Speaker 2: bathroom we are just happy to keep it simple, basic, 498 00:22:44,040 --> 00:22:46,120 Speaker 2: as cheap as we could do it in a way 499 00:22:46,160 --> 00:22:48,920 Speaker 2: that still means it's quality and hopefully we're not leak again. 500 00:22:49,119 --> 00:22:52,000 Speaker 3: Yeah, and it's nice to use and like there's no issues. 501 00:22:52,359 --> 00:22:54,280 Speaker 3: You mentioned earlier that like this is the home you 502 00:22:54,359 --> 00:22:57,240 Speaker 3: basically want to stay in forever, which is very very cool. 503 00:22:57,760 --> 00:22:59,800 Speaker 3: Are there any things you want to change after that? 504 00:23:00,119 --> 00:23:02,200 Speaker 3: You're like, nope, once we're locked in for all of that, 505 00:23:02,400 --> 00:23:04,080 Speaker 3: Like we're good to go. We don't need to change 506 00:23:04,080 --> 00:23:06,240 Speaker 3: anything else. We might buy a new couch down the road. 507 00:23:06,400 --> 00:23:09,600 Speaker 2: Or it's a slippery slope, then there's always something you 508 00:23:09,720 --> 00:23:12,800 Speaker 2: look at and think, well, maybe a little like patio 509 00:23:12,840 --> 00:23:14,680 Speaker 2: would be nice out there, and then I'd love to 510 00:23:14,760 --> 00:23:16,320 Speaker 2: paint the outside of the house. 511 00:23:16,560 --> 00:23:18,560 Speaker 3: Yeah, it is a slippery slope, isn't it. 512 00:23:18,800 --> 00:23:21,760 Speaker 2: This is the big renovation. I don't think anything else 513 00:23:21,840 --> 00:23:24,720 Speaker 2: we do will compare to how big this is. It'll 514 00:23:24,760 --> 00:23:27,840 Speaker 2: be little bits and pieces down the road, but definitely 515 00:23:27,920 --> 00:23:28,760 Speaker 2: nothing planned. 516 00:23:29,040 --> 00:23:31,439 Speaker 3: Yeah, and they could be expensive, but they're not going 517 00:23:31,520 --> 00:23:33,920 Speaker 3: to be like a bathroom that you cut then you 518 00:23:34,000 --> 00:23:35,639 Speaker 3: find out there's a leak and then you have to 519 00:23:35,720 --> 00:23:37,840 Speaker 3: spend more money. It will be like a let's go 520 00:23:37,960 --> 00:23:40,480 Speaker 3: get some quotes because we'd love a really nice patio area, 521 00:23:40,560 --> 00:23:42,359 Speaker 3: and then you get your quotes and you save up 522 00:23:42,440 --> 00:23:43,840 Speaker 3: for it, and then you can pay for it. At 523 00:23:43,840 --> 00:23:47,200 Speaker 3: that point, I feel like that becomes a much easier process. 524 00:23:47,720 --> 00:23:50,280 Speaker 2: Yes, yeah, I mean unless the other bathroom leaks, which 525 00:23:50,320 --> 00:23:51,679 Speaker 2: we will keep an eye on, we're. 526 00:23:51,560 --> 00:23:54,399 Speaker 3: Not manifesting that. Let's not talk about that. That's not 527 00:23:54,520 --> 00:23:57,840 Speaker 3: a good idea. So Money direst you guys obviously have 528 00:23:57,960 --> 00:23:59,879 Speaker 3: done it really well. I want to know, do you 529 00:24:00,080 --> 00:24:02,919 Speaker 3: have any personal insurances? Like, you've set all of this up, 530 00:24:03,000 --> 00:24:05,439 Speaker 3: You've worked really hard, You've literally moved to regional New 531 00:24:05,480 --> 00:24:07,600 Speaker 3: South Wales to build your wealth. How are you protecting it? 532 00:24:07,760 --> 00:24:10,600 Speaker 2: Yeah, when we bought our first house, we did go 533 00:24:10,760 --> 00:24:14,840 Speaker 2: and set up some insurances. I think at the moment 534 00:24:14,960 --> 00:24:20,800 Speaker 2: we have life, TPD and income cover. I actually had 535 00:24:20,880 --> 00:24:25,359 Speaker 2: a meeting today two you go look at changing those 536 00:24:25,440 --> 00:24:28,159 Speaker 2: moving with someone else who were a bit more comfortable with, 537 00:24:28,600 --> 00:24:30,920 Speaker 2: who might explain it a little bit better. And my 538 00:24:31,040 --> 00:24:33,840 Speaker 2: husband has quite a few health concerns. That mean I 539 00:24:33,920 --> 00:24:36,800 Speaker 2: am really keen on making sure we're covered for most 540 00:24:36,840 --> 00:24:38,240 Speaker 2: of our worst case scenarios. 541 00:24:38,520 --> 00:24:40,680 Speaker 3: Well, yeah, your husband's a chef, so if he can't 542 00:24:40,720 --> 00:24:43,959 Speaker 3: go to work, that's really really physically demanding. How did 543 00:24:44,000 --> 00:24:46,560 Speaker 3: you work out that you wanted to update all of that? Like, 544 00:24:46,840 --> 00:24:48,440 Speaker 3: and where did you go? What did you do? 545 00:24:48,880 --> 00:24:51,119 Speaker 2: It's something that has been on my mind for a 546 00:24:51,320 --> 00:24:55,879 Speaker 2: long time, mainly because I keep getting annual reminders to 547 00:24:56,000 --> 00:24:59,400 Speaker 2: go talk too out previous people and I just kept 548 00:24:59,560 --> 00:25:00,800 Speaker 2: pretending I didn't see it. 549 00:25:00,840 --> 00:25:02,359 Speaker 3: Yeah I didn't see that either. That's crazy. 550 00:25:02,520 --> 00:25:04,840 Speaker 2: So quite a few annual reminders have come and gone. 551 00:25:05,240 --> 00:25:08,800 Speaker 2: I was on a bit of momentum of getting things 552 00:25:08,880 --> 00:25:10,760 Speaker 2: done and just booked it in. Yeah. 553 00:25:10,880 --> 00:25:11,120 Speaker 4: Good. 554 00:25:12,040 --> 00:25:14,520 Speaker 3: It actually makes me so happy when people are like, oh, 555 00:25:14,680 --> 00:25:16,040 Speaker 3: it was on my to do list and I got 556 00:25:16,080 --> 00:25:19,640 Speaker 3: it done. The annual reminder reminds me of my personal insurances, 557 00:25:19,640 --> 00:25:21,359 Speaker 3: which I do have to go an update. Not gonna 558 00:25:21,400 --> 00:25:23,560 Speaker 3: lie like mine aed you for a little bit of 559 00:25:23,640 --> 00:25:26,840 Speaker 3: a refresh. But my trigger, like every time I think 560 00:25:26,960 --> 00:25:29,160 Speaker 3: that is when I get any voice, I'm like, oh 561 00:25:29,280 --> 00:25:32,399 Speaker 3: that's you again. Oh I still haven't updated again? Great, 562 00:25:32,640 --> 00:25:35,600 Speaker 3: no worries. That would probably be one of my worst 563 00:25:35,640 --> 00:25:37,600 Speaker 3: habits at the moment. Now I want to ask you 564 00:25:37,680 --> 00:25:40,400 Speaker 3: about your habits. What do you think your best money 565 00:25:40,440 --> 00:25:43,320 Speaker 3: habit is I like to budget. 566 00:25:43,680 --> 00:25:46,119 Speaker 2: I like to sit down and make a bit of 567 00:25:46,200 --> 00:25:48,600 Speaker 2: a plan about where our money's going to go, and 568 00:25:48,960 --> 00:25:52,120 Speaker 2: when things happen like now, I will immediately sit down 569 00:25:52,160 --> 00:25:55,560 Speaker 2: and I'll rework our budget for our worst case and 570 00:25:55,640 --> 00:25:59,000 Speaker 2: maybe a medium case scenario, and work out how we 571 00:25:59,160 --> 00:26:03,760 Speaker 2: can cut things that aren't necessary. Yep, I would say that, 572 00:26:04,160 --> 00:26:07,600 Speaker 2: And yeah, slowly putting away money here and there is 573 00:26:07,640 --> 00:26:09,480 Speaker 2: probably my best money habit. 574 00:26:09,760 --> 00:26:11,520 Speaker 3: And what would you say is your worst. 575 00:26:12,119 --> 00:26:15,639 Speaker 2: I'm very good at putting the money away, and certain 576 00:26:15,680 --> 00:26:18,440 Speaker 2: things I can put it away. I cannot touch it 577 00:26:18,680 --> 00:26:21,639 Speaker 2: unless it's for the thing it's for. But I can 578 00:26:21,720 --> 00:26:25,439 Speaker 2: be very good at deciding to treat myself. Yeah, when 579 00:26:25,480 --> 00:26:29,080 Speaker 2: there's a sale on Yeah, I can creatively reassign some 580 00:26:29,240 --> 00:26:31,879 Speaker 2: money that was meant for something else, and I like that. 581 00:26:32,320 --> 00:26:35,879 Speaker 3: Yeah, a little creative reassignment that feels a lot more official. 582 00:26:36,480 --> 00:26:38,359 Speaker 3: Like that means that we probably should do it. 583 00:26:38,560 --> 00:26:40,800 Speaker 2: Well, you know, I might buy a gift for myself 584 00:26:40,840 --> 00:26:42,560 Speaker 2: and then I would say, well, that could come from 585 00:26:42,640 --> 00:26:45,399 Speaker 2: the account for gifts, because it's a gift. 586 00:26:45,280 --> 00:26:47,639 Speaker 3: That may for me, Like if you were born today, 587 00:26:47,720 --> 00:26:51,560 Speaker 3: it would actually be your birthday, So you deserve a present, absolutely, 588 00:26:51,840 --> 00:26:53,880 Speaker 3: but you weren't, so you still deserve a present because 589 00:26:53,880 --> 00:26:56,040 Speaker 3: it's disappointing finding out that it's not your birthday. 590 00:26:56,359 --> 00:26:59,600 Speaker 2: Yes, so that's definitely I think I could definitely get 591 00:26:59,680 --> 00:27:02,840 Speaker 2: better having a bit of self control and sticking to 592 00:27:02,920 --> 00:27:04,359 Speaker 2: what I actually said in place. 593 00:27:04,560 --> 00:27:06,120 Speaker 3: That's fair, But I feel like you're doing a really 594 00:27:06,200 --> 00:27:08,440 Speaker 3: good job. Like, let's remind you that you are bringing 595 00:27:08,560 --> 00:27:13,240 Speaker 3: up three young boys in a pretty chaotic economy, and 596 00:27:13,520 --> 00:27:15,720 Speaker 3: you are going through some pretty stressful money stuff at 597 00:27:15,720 --> 00:27:17,639 Speaker 3: the moment, and you seem to be holding it all 598 00:27:17,720 --> 00:27:21,440 Speaker 3: together very well. Might I add, like kudos to you. 599 00:27:21,560 --> 00:27:23,120 Speaker 3: You're like, no, no, no, we're not bearing our heads 600 00:27:23,119 --> 00:27:24,800 Speaker 3: in the sand. I'm going to do a budget, and 601 00:27:24,840 --> 00:27:26,720 Speaker 3: I'm going to do like a medium term budget. Like 602 00:27:26,840 --> 00:27:30,840 Speaker 3: what what your perfect she's on the money community member, Like, 603 00:27:30,960 --> 00:27:32,720 Speaker 3: that's what I want to hear when you go, Look, 604 00:27:32,760 --> 00:27:35,560 Speaker 3: we've just heard that my husband's job is being put 605 00:27:35,640 --> 00:27:38,320 Speaker 3: in basically like his company's being put into administration. So 606 00:27:38,359 --> 00:27:40,200 Speaker 3: many people would be like, oh my god, just bury 607 00:27:40,200 --> 00:27:42,119 Speaker 3: your head in the sand, like we'll wait until we 608 00:27:42,240 --> 00:27:44,639 Speaker 3: work out what happens, Like we'll wait until there's an 609 00:27:44,680 --> 00:27:47,680 Speaker 3: outcome with them and we see what happens. Like you're 610 00:27:47,720 --> 00:27:48,840 Speaker 3: just a bit proactive. 611 00:27:48,920 --> 00:27:49,399 Speaker 4: I love this. 612 00:27:49,840 --> 00:27:52,399 Speaker 2: Yeah, it soothed me a bit to be able to 613 00:27:52,440 --> 00:27:55,720 Speaker 2: sit down and just think about the money side of it, 614 00:27:55,920 --> 00:27:58,360 Speaker 2: or just think about focus on one thing because there's 615 00:27:58,359 --> 00:28:01,320 Speaker 2: only so much we have control of at the moment. 616 00:28:01,520 --> 00:28:03,600 Speaker 3: Yeah, so tell me. At the start of the episode, 617 00:28:03,640 --> 00:28:06,480 Speaker 3: you said, I reckon, I'm a b but like, you've 618 00:28:06,560 --> 00:28:09,119 Speaker 3: achieved a lot, and you've made a lot of sacrifices, 619 00:28:09,240 --> 00:28:11,440 Speaker 3: and you've made a lot of decisions that have obviously 620 00:28:11,560 --> 00:28:14,920 Speaker 3: helped you financially to be in a comfortable position, so 621 00:28:15,040 --> 00:28:17,640 Speaker 3: comfortable that you can genuinely consider having a fourth child, 622 00:28:17,760 --> 00:28:21,159 Speaker 3: which is really really cool. What would it take to 623 00:28:21,280 --> 00:28:23,560 Speaker 3: get you to an a like, what does that actually 624 00:28:23,640 --> 00:28:24,880 Speaker 3: look like in your universe? 625 00:28:25,200 --> 00:28:30,680 Speaker 2: I think making a budget that I can stick to 626 00:28:30,920 --> 00:28:35,360 Speaker 2: that I know I will not spend over my designated categories, 627 00:28:35,880 --> 00:28:39,040 Speaker 2: getting better sorting the life insurance. You know we're headed 628 00:28:39,080 --> 00:28:41,280 Speaker 2: that way, so that's probably a positive. 629 00:28:41,400 --> 00:28:42,600 Speaker 3: Yeah, you're on it, You're on it. 630 00:28:43,080 --> 00:28:48,680 Speaker 2: Yeah, I definitely think focusing more on shares and paying 631 00:28:48,720 --> 00:28:51,479 Speaker 2: off our house and just putting us into a position 632 00:28:51,560 --> 00:28:53,840 Speaker 2: where I feel a bit more comfortable at the moment. 633 00:28:53,960 --> 00:28:56,160 Speaker 3: That's a very good reason. I'm going to give you 634 00:28:56,240 --> 00:28:58,280 Speaker 3: my money a master class, just because I know that 635 00:28:58,360 --> 00:29:00,560 Speaker 3: the budget and cash flow system in there really help. 636 00:29:00,640 --> 00:29:04,080 Speaker 3: I cannot stop you from dipping into different accounts, but 637 00:29:04,200 --> 00:29:05,960 Speaker 3: what I can do is give you a bit more 638 00:29:06,000 --> 00:29:08,720 Speaker 3: structure so it looks a bit more obvious when you 639 00:29:08,840 --> 00:29:11,440 Speaker 3: are dipping into accounts. And we can't be as crafty 640 00:29:11,600 --> 00:29:14,680 Speaker 3: or as sneaky because we're predicting things. It's not just 641 00:29:14,800 --> 00:29:17,720 Speaker 3: like gifts. You had to outline how much you think 642 00:29:17,800 --> 00:29:19,400 Speaker 3: you're going to spend on gifts, and then it will 643 00:29:19,480 --> 00:29:22,080 Speaker 3: tell you how much needs to be there per week 644 00:29:22,200 --> 00:29:24,880 Speaker 3: or per month, and then you might go, ah, there's 645 00:29:24,880 --> 00:29:27,400 Speaker 3: a little bit more accountability there, so that might help. 646 00:29:27,440 --> 00:29:29,120 Speaker 3: I'm going to gift it to you and you can see. 647 00:29:29,160 --> 00:29:32,000 Speaker 3: But even if you've already got to kill a budget 648 00:29:32,280 --> 00:29:35,080 Speaker 3: like it's a fun thing to do because she's pink, 649 00:29:35,240 --> 00:29:38,480 Speaker 3: she's shiny. It's got the mortgage calculator in it as well. 650 00:29:38,560 --> 00:29:39,400 Speaker 2: Love a spreadsheet. 651 00:29:39,520 --> 00:29:42,040 Speaker 3: Yeah, and you know what, I'm biased. I made this one. 652 00:29:42,200 --> 00:29:44,640 Speaker 3: I made it aesthetic. I put in a mortgage calculator 653 00:29:44,720 --> 00:29:47,360 Speaker 3: so you can even play around with what would it 654 00:29:47,400 --> 00:29:50,000 Speaker 3: look like if I dropped my mortgage or payments to 655 00:29:50,080 --> 00:29:51,960 Speaker 3: the minimum, not the additional that you're doing, and it 656 00:29:51,960 --> 00:29:55,000 Speaker 3: will update your budget immediately because it's all like coded 657 00:29:55,040 --> 00:29:57,080 Speaker 3: in the background to show you what that would look like. Love, 658 00:29:57,320 --> 00:30:00,160 Speaker 3: you don't have to go, oh yeah, I'm obsessed, like 659 00:30:00,280 --> 00:30:03,760 Speaker 3: that's very self involved with me to say anyway, money dirist, 660 00:30:03,840 --> 00:30:05,760 Speaker 3: it has been a pleasure. I've loved getting to know you. 661 00:30:05,880 --> 00:30:09,520 Speaker 3: I feel like this is so relatable, like so so relatable, 662 00:30:09,680 --> 00:30:12,520 Speaker 3: and just knowing that you guys have worked so hard. 663 00:30:13,000 --> 00:30:14,680 Speaker 3: I have no doubt that your husband will find a 664 00:30:14,760 --> 00:30:18,040 Speaker 3: new role that probably pays more. We're manifesting that for 665 00:30:18,160 --> 00:30:21,920 Speaker 3: sure on the flip side. And I also you just 666 00:30:22,040 --> 00:30:24,600 Speaker 3: let me know if I need to give you a 667 00:30:24,720 --> 00:30:28,280 Speaker 3: helping hand when it comes to unpaid super I will 668 00:30:28,360 --> 00:30:30,720 Speaker 3: thank you so much, and also a very huge thank 669 00:30:30,760 --> 00:30:33,320 Speaker 3: you to skuy Wealth for making this episode possible. I'll 670 00:30:33,400 --> 00:30:35,640 Speaker 3: chuck a whole heap of information about them, how to 671 00:30:35,720 --> 00:30:37,600 Speaker 3: get in contact, what they do, how they do it 672 00:30:37,680 --> 00:30:44,640 Speaker 3: in the show notes for you to check out. The 673 00:30:44,720 --> 00:30:47,240 Speaker 3: advice shared on She's on the Money is general in 674 00:30:47,360 --> 00:30:51,120 Speaker 3: nature and does not consider your individual circumstances. She's on 675 00:30:51,200 --> 00:30:54,600 Speaker 3: the Money exists purely for educational purposes and should not 676 00:30:54,760 --> 00:30:57,720 Speaker 3: be relied upon to make an investment or financial decision. 677 00:30:58,120 --> 00:31:00,840 Speaker 3: If you do choose to buy a financial product. 678 00:31:00,400 --> 00:31:03,920 Speaker 4: Read the PDS TMD and obtain appropriate financial. 679 00:31:03,520 --> 00:31:05,280 Speaker 3: Advice tailored towards your needs. 680 00:31:05,680 --> 00:31:09,560 Speaker 4: Victoria Divine and She's on the Money are authorized representatives 681 00:31:09,640 --> 00:31:12,000 Speaker 4: of money sherper P T y L t D A 682 00:31:12,160 --> 00:31:15,040 Speaker 4: b N three two one six four nine two seven 683 00:31:15,160 --> 00:31:15,400 Speaker 4: seven 684 00:31:15,560 --> 00:31:19,000 Speaker 3: Zero eight AFS L four five one two eight nine