WEBVTT - The Move That Made Homeownership Possible 0:00:00.200 --> 0:00:03.240 My name's Tatasha Bamblet. I'm a proud First Nations woman 0:00:03.600 --> 0:00:08.559 and I'm here to acknowledge country. Te Glenn Young Ganya Niana, 0:00:08.680 --> 0:00:11.920 kaka ya Ya bin Ah Waka Nian our gay In Nimbini, 0:00:11.960 --> 0:00:16.000 yak um Jar, dominyamiga Umaga, Ihowaka, Nile, Waman damon Immalan, 0:00:16.640 --> 0:00:19.560 Bumba bang Gadabomba in and now in Waka ghana on 0:00:19.640 --> 0:00:24.439 yak rum Jar Watanadaa. Hello, beautiful friends, we gather on 0:00:24.520 --> 0:00:27.480 the lands of the Aboriginal people. We thank acknowledge and 0:00:27.600 --> 0:00:30.080 respect the Abiginal people's land that we're gathering on today. 0:00:30.680 --> 0:00:33.199 Take pleasure in all the land and respect all that 0:00:33.320 --> 0:00:37.879 you see. She's on the Money podcast acknowledges culture, country, 0:00:38.520 --> 0:00:43.640 community and connections, bringing you the tools, knowledge and resources 0:00:43.920 --> 0:00:44.560 for you to thrive. 0:00:45.080 --> 0:00:46.800 She's on the Money. 0:00:47.040 --> 0:00:53.120 She's on the Money. Hello, and welcome to She's on 0:00:53.240 --> 0:00:55.480 the Money the podcast and let's you be pervy about 0:00:55.520 --> 0:00:59.000 other people's money habits for the educational purposes of course. 0:00:59.400 --> 0:01:01.800 Welcome back to another one of our money diaries, brought 0:01:01.840 --> 0:01:03.720 to you by Sky Wealth, where we get to talk 0:01:03.800 --> 0:01:06.440 with one of our incredible She's on the money community 0:01:06.520 --> 0:01:09.320 members all about their journey. Let's jump straight into it, 0:01:09.400 --> 0:01:11.840 because this week I got a message and it sounded 0:01:12.000 --> 0:01:15.640 exactly like this. Hi Victoria, and she's on the money. 0:01:15.880 --> 0:01:18.160 My husband and I are in the thick of parenting 0:01:18.400 --> 0:01:21.240 three boys right now. We made the decision to move 0:01:21.280 --> 0:01:23.960 to regional New South Wales, knowing we'd never be able 0:01:24.000 --> 0:01:26.800 to afford to buy in Sydney. We were fortunate to 0:01:26.840 --> 0:01:29.560 buy a small home just before the market took off, 0:01:29.680 --> 0:01:32.080 and later sold it to get into the house we 0:01:32.200 --> 0:01:35.360 hope our children will grow up in. We're now navigating 0:01:35.400 --> 0:01:39.480 full time jobs, childcare, school renovations, and considering opening a 0:01:39.600 --> 0:01:42.319 business in our small town, and I'd love to share 0:01:42.440 --> 0:01:48.160 our story. Money diarist. You are chaos in the best possible. 0:01:47.800 --> 0:01:50.720 Way, absolute pure chaos all the time. 0:01:51.040 --> 0:01:52.800 I love that. How old are your boys? 0:01:53.200 --> 0:01:55.640 Ten, three and six? 0:01:55.840 --> 0:01:56.559 Chaos ages? 0:01:56.760 --> 0:01:58.760 Yep, one hundred percent in the best possible way. 0:01:58.840 --> 0:02:01.520 But like she's a busy girl, and she's also like, oh, 0:02:01.600 --> 0:02:05.240 by the way, we're just, you know, managing some renovations. 0:02:05.400 --> 0:02:07.800 Why don't we open a business? We've got heaps to do. 0:02:08.520 --> 0:02:10.160 Would you like to do a money diary with me? 0:02:10.320 --> 0:02:13.119 Because I am very excited to jump right in. Yeah, 0:02:13.800 --> 0:02:14.919 our life is always full on. 0:02:15.000 --> 0:02:18.200 There's always something going on. There's always things happening. 0:02:18.400 --> 0:02:21.160 All right, let's dive straight in. My first and always 0:02:21.280 --> 0:02:24.240 the first question of every money diary is what grade 0:02:24.240 --> 0:02:25.959 would you give your money habits? If I asked you 0:02:26.040 --> 0:02:28.239 to give them a grade from A through to F, 0:02:28.800 --> 0:02:29.399 I would. 0:02:29.240 --> 0:02:33.040 Say I sit at a B. I love to budget, 0:02:33.120 --> 0:02:35.440 but I am not great at sticking to said budget. 0:02:35.480 --> 0:02:37.040 You know what, we can't be good at everything, So 0:02:37.160 --> 0:02:40.239 that's a pretty good place to start. Money diary is 0:02:40.560 --> 0:02:43.360 my favorite question. Tell me a little bit more about 0:02:43.360 --> 0:02:45.520 your money story. Where'd you come from? Where are you going? 0:02:45.639 --> 0:02:48.520 For me, growing up, money wasn't a big feature. 0:02:48.840 --> 0:02:49.000 You know. 0:02:49.080 --> 0:02:51.359 I'm sure money at times was tight, but as kids 0:02:51.400 --> 0:02:53.959 we never really paid attention to it. We lived a 0:02:54.000 --> 0:02:57.560 pretty comfortable life, but not extravagant by any means. I think. 0:02:57.840 --> 0:03:01.120 For me, when I started to really think more about 0:03:01.200 --> 0:03:04.160 it was after my husband and I got married and 0:03:04.280 --> 0:03:06.560 we came back from our honeymoon and we had fifty 0:03:06.600 --> 0:03:10.440 dollars in our bank account, absolutely living paycheck to paycheck, 0:03:10.560 --> 0:03:12.960 And that was the point where I said, I can't 0:03:13.000 --> 0:03:15.679 live like this. That's not how I can function. I 0:03:15.800 --> 0:03:18.440 think that was probably my starting point. 0:03:18.520 --> 0:03:19.639 Firstly, how was your honeymoon? 0:03:19.760 --> 0:03:20.840 Was it good? That was lovely? 0:03:22.160 --> 0:03:25.720 But coming back, were you really stressed? Were you anxious? 0:03:25.800 --> 0:03:27.320 How are you feeling about it? When you say I 0:03:27.360 --> 0:03:29.400 couldn't live like this? What does that actually mean? 0:03:29.720 --> 0:03:33.919 Well, we were renting, I was only working casually, we 0:03:34.880 --> 0:03:38.360 were wanting to have kids. We just had a miscarriage 0:03:38.520 --> 0:03:41.200 just before our wedding, So just before your wedding. Yeah, 0:03:41.240 --> 0:03:44.000 we were going to be twelve weeks at our wedding 0:03:44.360 --> 0:03:46.160 and it didn't quite happen that way. 0:03:46.360 --> 0:03:47.600 I'm so sorry to hear that. 0:03:48.080 --> 0:03:50.560 That's okay, it happens. It's happened since then quite a 0:03:50.600 --> 0:03:52.680 few times. It's something we've definitely struggled with. 0:03:53.200 --> 0:03:56.120 I can absolutely resonate with that, and it's bullshit. It's 0:03:56.200 --> 0:03:58.960 the worst club to be involved in ever. But at 0:03:59.000 --> 0:04:01.240 the same time, it's just like, why did it have 0:04:01.320 --> 0:04:03.800 to happen around your wedding? Like we don't need the 0:04:03.840 --> 0:04:06.480 sparkle of that taken off as well, Like we're already 0:04:06.520 --> 0:04:08.600 having a shit time. Why kick us while we're down. 0:04:08.840 --> 0:04:10.800 The only upside was that meant I went on our 0:04:10.800 --> 0:04:14.000 honeymoon and could drink as much as I wanted. 0:04:13.760 --> 0:04:16.000 And you needed to do that, So obviously it was 0:04:16.080 --> 0:04:18.080 really stressful. What did change look like? 0:04:18.520 --> 0:04:22.960 It was after we had our first son. I wasn't working, 0:04:23.240 --> 0:04:26.480 My husband had this job wasn't paying very well. He 0:04:26.640 --> 0:04:29.240 was paid monthly, so we were on one income and 0:04:29.400 --> 0:04:33.000 really making things stretch. And we grew up in the 0:04:33.880 --> 0:04:36.640 sort of western Sydney area and even then, and this 0:04:36.839 --> 0:04:39.280 is ten years ago, we could see that we were 0:04:39.320 --> 0:04:42.480 going to really struggle. We both worked in hospitality, so 0:04:43.520 --> 0:04:46.680 buying a house there just seemed totally out of our reach. 0:04:47.520 --> 0:04:51.840 So we decided to move to regional New South Wales. 0:04:51.920 --> 0:04:53.880 We didn't know anyone where we moved to. We picked 0:04:53.880 --> 0:04:58.160 it purely on job opportunities for my husband and you know, 0:04:58.320 --> 0:04:59.880 knowing it was somewhere a bit cheaper for us to 0:05:00.279 --> 0:05:02.400 and probably worked out pretty good. 0:05:02.560 --> 0:05:05.120 That's kind of exciting, but also a massive move. Like 0:05:05.240 --> 0:05:08.440 I feel like the level of like reflection you have 0:05:08.560 --> 0:05:10.120 to do to go hold on, hold on, hold on. 0:05:10.400 --> 0:05:12.440 I don't know if our future is going to look 0:05:12.480 --> 0:05:14.960 the way we want it to, and to be not 0:05:15.080 --> 0:05:18.240 only reflecting on that and going that's pretty terrible like, 0:05:18.360 --> 0:05:21.000 we don't want that for us, but to actually make 0:05:21.120 --> 0:05:23.160 the move, Like, I just know so many people who 0:05:23.200 --> 0:05:24.839 think that way, and they go, well, I live in Sydney. 0:05:24.880 --> 0:05:27.440 I'm just never going to buy property, and I've reserved 0:05:27.480 --> 0:05:29.200 myself to the factor that that's just not going to 0:05:29.240 --> 0:05:31.680 be our reality. And you're like, no, we our reality 0:05:31.760 --> 0:05:34.320 is buying property and we're willing to move a lot 0:05:34.440 --> 0:05:37.279 to make that happen. Were you always on the same 0:05:37.320 --> 0:05:39.200 page with your partner about that, because I feel like 0:05:39.279 --> 0:05:41.680 those are big changes moving to a regional town in 0:05:41.760 --> 0:05:44.240 New South Wales, so you could achieve your goals but 0:05:44.360 --> 0:05:48.840 still be no friends and family in that location. What like, girl, 0:05:48.920 --> 0:05:50.920 you got bigger balls than I do. It was hot. 0:05:51.279 --> 0:05:56.320 I was twenty three when I had my eldest, so 0:05:57.040 --> 0:05:59.240 we were young. None of my friends had kids yet, 0:05:59.279 --> 0:06:01.960 but all my friends were there, my family was all there, 0:06:03.080 --> 0:06:06.120 so it was hard to move away from that support network. 0:06:06.240 --> 0:06:07.520 Yeah, absolutely it would be. 0:06:07.760 --> 0:06:11.560 But working in hospitality is very easy to hop from 0:06:11.680 --> 0:06:13.920 job to job, and I think we had sort of 0:06:14.000 --> 0:06:16.640 recognized we'd got to the point where my husband was 0:06:16.640 --> 0:06:20.000 going to struggle to find work that would allow him 0:06:20.040 --> 0:06:22.360 to earn more Over the long run. Yeah, it was 0:06:22.400 --> 0:06:26.080 probably just the trigger. I was living off senilink and 0:06:26.160 --> 0:06:30.960 one income and making things stretch that just wasn't our thing. 0:06:31.440 --> 0:06:33.840 And being in hospitality. I feel like it takes a 0:06:34.040 --> 0:06:37.880 certain personality type to thrive in that space, and like 0:06:38.160 --> 0:06:40.839 you're probably good at making friends, So like moving you'd 0:06:40.839 --> 0:06:43.320 be like, Okay, well I'll get another hospitality job because 0:06:43.760 --> 0:06:46.480 I'll make friends there when we get there, whereas someone 0:06:46.560 --> 0:06:47.720 like me, I'd be like, if I move to a 0:06:47.839 --> 0:06:50.080 foreign town, like I don't even know how I would 0:06:50.160 --> 0:06:51.559 connect with other people. 0:06:51.960 --> 0:06:55.120 Oh, no, I have struggled connecting to people. I think. No, 0:06:55.760 --> 0:06:57.800 I made friends going back to work. That's why I 0:06:57.839 --> 0:07:01.400 went back to work. Initially was just to speak to 0:07:01.480 --> 0:07:04.240 adults again, and remember that I'm an adult who can 0:07:04.279 --> 0:07:07.440 speak to other adults. Yeah, it's definitely taken quite a while, 0:07:07.480 --> 0:07:09.680 and we were fortunate some of my family moved out 0:07:09.720 --> 0:07:12.040 here after us, so now we have some of them 0:07:12.080 --> 0:07:13.880 close again, which is fantastic. 0:07:14.040 --> 0:07:14.600 How good. 0:07:15.320 --> 0:07:15.880 I love that. 0:07:16.400 --> 0:07:18.320 So tell me a bit more about you and your husband. 0:07:18.400 --> 0:07:19.920 What do you guys do for work and how much 0:07:19.960 --> 0:07:20.720 money do you earn? 0:07:21.080 --> 0:07:24.400 So I work for a not for profit in an 0:07:24.480 --> 0:07:27.480 office based job. That is quite a new role. I've 0:07:27.520 --> 0:07:30.160 only been in it for six months, my first out 0:07:30.160 --> 0:07:33.600 of hospitality job, which is very exciting. Oh, congrat And 0:07:33.880 --> 0:07:38.320 I earn about eighty eight thousand and I do salary package. 0:07:38.360 --> 0:07:39.640 Okay, that's nice. 0:07:39.840 --> 0:07:43.760 And my husband is still a chef he earns ninety 0:07:44.040 --> 0:07:46.760 five at the moment. That is a bit of a 0:07:47.480 --> 0:07:49.320 tricky situation we're going through at the moment. 0:07:49.480 --> 0:07:51.280 What does that mean. I've got to be pervy. 0:07:51.440 --> 0:07:55.480 I know, you absolutely have to be perty. His workplace 0:07:55.520 --> 0:07:59.000 has gone into administration as of last week. Yeah, so 0:07:59.160 --> 0:08:02.920 we are waiting to see if there's a redundancy. We 0:08:03.080 --> 0:08:06.120 don't know. He super hasn't been paid for some time, 0:08:06.520 --> 0:08:10.920 so we are very much waiting to see what the 0:08:11.000 --> 0:08:11.560 outcome is. 0:08:11.880 --> 0:08:15.520 Oh my goodness, that is really upsetting, especially like the 0:08:15.680 --> 0:08:19.280 timing and then also just what do you mean no 0:08:19.480 --> 0:08:22.080 super has been paid in the recent times? Like is 0:08:22.120 --> 0:08:24.480 this like for months or the time he's worked for them, 0:08:24.640 --> 0:08:26.400 or like what most of the. 0:08:26.480 --> 0:08:29.960 Time they've made some very small sporadic payment. That is 0:08:30.120 --> 0:08:33.199 so rude. Yeah, so that's really difficult and it's definitely 0:08:33.280 --> 0:08:35.160 put us in a bit of a holding pattern at 0:08:35.200 --> 0:08:35.560 the moment. 0:08:35.679 --> 0:08:39.880 Yeah, absolutely, as well as being stressful because in administration, 0:08:40.200 --> 0:08:42.719 like if they go into administration and they ultimately get 0:08:42.760 --> 0:08:45.959 shut down completely, like there's nobody to chase for those 0:08:46.000 --> 0:08:48.200 super payments. Usually no, I've. 0:08:48.080 --> 0:08:51.640 Looked into it. I think he will get paid out 0:08:51.800 --> 0:08:55.480 his annual leave. Yeah, most likely of redundancy because that 0:08:55.600 --> 0:08:58.679 is government guaranteed, but the super is not. So we 0:08:58.840 --> 0:08:59.160 do not that. 0:08:59.320 --> 0:09:01.600 Oh my goodness. Yes, well, if you need my help, 0:09:01.679 --> 0:09:04.160 you let me know, my love, Like, I've always got 0:09:04.200 --> 0:09:06.360 a little bit of fight to give to stuff like that. 0:09:07.400 --> 0:09:10.000 Now tell me you said earlier, like you know, we 0:09:10.080 --> 0:09:13.360 moved to regional New South Wales market like hadn't boomed yet, 0:09:13.440 --> 0:09:16.000 took off, sold that property and then we bought like 0:09:16.480 --> 0:09:18.719 essentially our forever home and we want our kids to 0:09:18.760 --> 0:09:22.079 grow up there. I feel like that's the biggest financial goal. 0:09:22.160 --> 0:09:23.959 But what are your other financial goals? What are you 0:09:23.960 --> 0:09:25.520 guys currently working towards? 0:09:25.880 --> 0:09:28.160 Right now, we are smack bang in the middle of 0:09:28.200 --> 0:09:31.000 a renovation. Well and actually now I'm hoping we're towards 0:09:31.040 --> 0:09:33.920 the end of this renovation. Yeah, so we have been 0:09:33.960 --> 0:09:36.880 working towards this one for a while. We are still 0:09:37.360 --> 0:09:38.520 trying to have another. 0:09:38.320 --> 0:09:40.880 Baby, So yay, four babies. 0:09:41.160 --> 0:09:44.319 That is a potential. We have gone through IVF for 0:09:44.400 --> 0:09:47.240 one of our three, but I do not want to 0:09:47.320 --> 0:09:49.640 go through IVF again. Financially, I don't want to go 0:09:49.679 --> 0:09:51.920 through it again. Emotionally, I do not want to go 0:09:52.000 --> 0:09:55.079 through it again. I definitely feel I am getting older, 0:09:55.120 --> 0:09:58.040 and I also want to be done with having babies now. 0:09:58.200 --> 0:09:59.760 I want to move on to that next stage. 0:10:00.080 --> 0:10:03.319 You're only thirty five, You're still a child, basically, like 0:10:03.559 --> 0:10:06.160 people are having babies in their fifties. Now, this will happen, 0:10:06.320 --> 0:10:08.160 It'll be fine. I'm manifesting this for us. 0:10:08.800 --> 0:10:11.959 Yes, so yeah, I don't know if we have any 0:10:12.000 --> 0:10:14.440 other big gals at the moment. I definitely have been 0:10:14.480 --> 0:10:17.880 putting a bit into shares, but again I'm sort of 0:10:18.160 --> 0:10:21.120 pulled back on that in the last month while we 0:10:21.280 --> 0:10:24.000 wait to know what's happening. Yeah. Yeah, I feel like 0:10:24.120 --> 0:10:26.720 our our goals are actually probably on pause a moment. 0:10:26.840 --> 0:10:29.640 Well, I mean yeah, because like that's a really stressful thing. 0:10:29.800 --> 0:10:32.080 And like when you told me your income, I'm like, oh, 0:10:32.240 --> 0:10:34.160 eighty eight and then your husband's on ninety five, Like 0:10:34.240 --> 0:10:37.960 you're like that's comfortable, especially if you're in regional New 0:10:38.000 --> 0:10:40.320 South Wales. You already own your property, Like, yes, life 0:10:40.400 --> 0:10:43.119 is stressful. You've got three young boys. That's really expensive. 0:10:43.320 --> 0:10:46.319 Like life happens, but like you could totally find a 0:10:46.360 --> 0:10:48.120 way to have another kid. But then you find out 0:10:48.200 --> 0:10:50.760 that your husband's workplace is going through administration. You're like, 0:10:50.920 --> 0:10:52.760 hold up, hold up, I'm trying to get knocked up here, 0:10:52.960 --> 0:10:55.319 Like that is not part of the deal. Yeah, Like 0:10:55.480 --> 0:10:58.240 that must be very stressful, So I'm sorry that you're 0:10:58.280 --> 0:11:00.280 going through that. I want to go back to your 0:11:00.320 --> 0:11:02.640 renovations though. So you bought the house that you want 0:11:02.640 --> 0:11:05.120 your kids to grow up in, which is very exciting. Yeah, 0:11:05.280 --> 0:11:07.559 what renos are we doing? And were they rener is 0:11:07.600 --> 0:11:09.600 that you're like, oh, they're just cosmetic changes or were 0:11:09.600 --> 0:11:11.440 they Like we bought the house and oh my goodness, 0:11:11.520 --> 0:11:14.200 we'd be saving up for ages because you should us 0:11:14.240 --> 0:11:15.080 in the bathrooms. 0:11:15.800 --> 0:11:19.480 Yes, yeah, No, we bought this house fully intending to 0:11:19.520 --> 0:11:21.880 renovate the kitchen that is where we love to be. 0:11:22.360 --> 0:11:25.359 We did not intend to have to renovate a bathroom 0:11:25.640 --> 0:11:29.000 or repair the roof. They're the main things that were unintentional. 0:11:29.320 --> 0:11:33.240 So we have, yeah, spent more than we had want 0:11:33.280 --> 0:11:36.040 to do. We did have to remortgage to draw out 0:11:36.080 --> 0:11:38.120 a bit more funds to do it, but I think 0:11:38.320 --> 0:11:41.320 we will get it done soon and have the little 0:11:41.360 --> 0:11:43.080 bit of money left over hopefully. Yeah. 0:11:43.120 --> 0:11:45.480 And will that make it a little bit more I 0:11:45.559 --> 0:11:48.679 guess comfortable, given we're just not sure what's happening with 0:11:48.760 --> 0:11:51.520 your husband's situation in your husband's job. 0:11:51.880 --> 0:11:54.880 Yeah, definitely. We've got one big bill left to pay, 0:11:54.920 --> 0:11:58.080 which is our builder, and that one wasn't a fixed contract, 0:11:58.160 --> 0:12:00.480 so I had an idea of what worse would be, 0:12:00.600 --> 0:12:03.560 and we had budgeted for worst case, but it's looking 0:12:03.720 --> 0:12:06.679 like it will be significantly less than that. That was 0:12:06.880 --> 0:12:09.720 definitely a relief. Yeah. 0:12:09.800 --> 0:12:12.000 Well, I'm glad that you were able to re mortgage 0:12:12.120 --> 0:12:14.680 and you've gotten access to that cash. Do you also 0:12:14.760 --> 0:12:17.200 have like an emergency fund and stuff like that set up? 0:12:17.360 --> 0:12:20.760 Yeah, We've got about sixteen thousand in an emergency fund, 0:12:20.840 --> 0:12:23.679 and i've sort of, oh, Alie, worked out a budget 0:12:23.760 --> 0:12:26.719 on our worst case scenario and how that'll look and 0:12:27.080 --> 0:12:29.080 how much we'd have to dip into that each week 0:12:29.160 --> 0:12:31.520 and how long we could live off that. Yeah. 0:12:31.640 --> 0:12:34.840 For Yeah, and talk to me about this conversation, because 0:12:34.840 --> 0:12:38.880 I feel like this conversation could be really stressful to have, Like, 0:12:39.400 --> 0:12:41.360 can you tell me how this played out? Because I 0:12:41.400 --> 0:12:43.959 feel like it happens to a lot of people. Was 0:12:44.040 --> 0:12:46.960 this something that you foresaw happening or was this something 0:12:47.000 --> 0:12:49.000 that your husband came home one day and was like, babe, 0:12:49.120 --> 0:12:52.440 sit down, like what happened in that situation? 0:12:53.040 --> 0:12:55.319 He was like, Oh, I have to tell you. I 0:12:55.440 --> 0:12:58.760 found out something. You can't tell anyone about it yet. Yeah, 0:12:58.800 --> 0:13:01.199 he found out a few perform the other staff did, 0:13:02.040 --> 0:13:04.520 so we had a bit of pre warning by a 0:13:04.559 --> 0:13:07.240 couple of weeks that it was likely to happen. But 0:13:07.320 --> 0:13:10.240 that's a couple of weeks. It was a stressful conversation. 0:13:10.640 --> 0:13:13.120 For sure. We are in a very small town now, 0:13:13.240 --> 0:13:16.800 so everybody definitely for him, job opportunities here are going 0:13:16.880 --> 0:13:17.720 to be pretty limited. 0:13:18.120 --> 0:13:20.360 Yeah, that's really really stressful. All right, let's go to 0:13:20.480 --> 0:13:22.640 a break because on the flip side, I want to 0:13:22.679 --> 0:13:24.640 talk to you a bit more about shares and investing 0:13:24.679 --> 0:13:27.160 because you dangled a carrot earlier and said that you 0:13:27.240 --> 0:13:28.559 were putting some money in there, and I was like, 0:13:28.640 --> 0:13:30.079 I really want to ask what I've got a weight, 0:13:30.120 --> 0:13:33.120 I've got other questions first, So guys, don't go anywhere. 0:13:33.200 --> 0:13:38.640 We will get to the min a second. All right, 0:13:38.679 --> 0:13:40.640 money drice, We are back and I get to dive 0:13:40.720 --> 0:13:44.000 into investing. It makes me so excited. Tell me do 0:13:44.120 --> 0:13:45.880 you have any investments? If so, what are they? 0:13:46.240 --> 0:13:49.760 Yeah, so we're on they dabbling. Literally, we started off 0:13:49.840 --> 0:13:53.800 with rays and was putting little bits of money in there, 0:13:54.200 --> 0:13:56.840 occasionally a little lump sum when we'd get a bit 0:13:56.960 --> 0:14:00.880 extra on tax back. It's only sitting at four thousand 0:14:01.000 --> 0:14:01.559 at the moment. 0:14:01.760 --> 0:14:05.040 That's still very good. Girl. You're thirty five and you're investing, 0:14:05.080 --> 0:14:06.640 and you have three kids and you're just getting your 0:14:06.679 --> 0:14:08.440 stuff together like this is good. 0:14:08.640 --> 0:14:11.959 Yeah. And then I've just started dabbling in Chaseis and 0:14:12.120 --> 0:14:14.400 potentially I will move it over. I mean no rush 0:14:14.480 --> 0:14:16.880 to do so. So that's only got like under one 0:14:16.880 --> 0:14:20.000 thousand dollars while I just sort of sus it out. 0:14:20.480 --> 0:14:23.840 I started putting some money aside for each of our 0:14:23.960 --> 0:14:27.360 kids to invest. I have only just started that, and 0:14:27.400 --> 0:14:29.800 that is something I've had to stop as well at 0:14:29.840 --> 0:14:31.760 the moment while we wait and see. 0:14:31.720 --> 0:14:34.360 Yeah, of course everything should gone pause, Like we just 0:14:34.440 --> 0:14:37.400 don't need to be doing anything that could be considered 0:14:37.440 --> 0:14:40.680 discretionary right now, Like we can catch up later. That 0:14:40.840 --> 0:14:43.240 is absolutely fine, but we don't need even more financial 0:14:43.320 --> 0:14:46.720 stress on ourselves during a time where I'm assuming you're 0:14:46.760 --> 0:14:47.440 pretty stressed. 0:14:47.720 --> 0:14:49.800 Yeah, so I'm still putting the money aside, but it's 0:14:49.920 --> 0:14:52.800 just going into a savings account or an offset account 0:14:52.920 --> 0:14:55.960 for now while I just wait to see what's what's going. 0:14:55.920 --> 0:14:58.200 To happen, work out what's going on, and then we 0:14:58.320 --> 0:15:00.760 can do that later if we need it. That's absolutely fine, 0:15:01.160 --> 0:15:04.680 which is honestly pretty good because Chesi's have recently announced 0:15:04.680 --> 0:15:06.320 and this feels like an ad and I promise it's not. 0:15:06.400 --> 0:15:09.240 But Chezy's recently announced their kids accounts and they haven't 0:15:09.280 --> 0:15:11.280 dropped at the time that you and I are recording this, 0:15:11.680 --> 0:15:13.920 so maybe you're just waiting for that. Like that's great. 0:15:14.200 --> 0:15:17.280 Yeah, I started putting a bit in RAYS and then 0:15:17.600 --> 0:15:19.320 I saw that come out, and I was like, no, 0:15:19.440 --> 0:15:22.840 maybe I will wait, and yeah, I will just maybe 0:15:22.920 --> 0:15:24.760 put it all in there once I see it and 0:15:24.840 --> 0:15:27.040 see what that looks like. So that is a bit exciting. 0:15:27.200 --> 0:15:30.000 I love that, And talk to me about superannuation. I 0:15:30.040 --> 0:15:32.320 feel like that's a stressful topic at the moment as well, 0:15:32.440 --> 0:15:34.360 So I had to apologize. Feel like I've got you 0:15:34.440 --> 0:15:37.360 in limbo likera. I'm asking you all about money when 0:15:37.360 --> 0:15:40.239 you're probably the most stressed about money. So I apologize, 0:15:40.280 --> 0:15:42.840 but also thank you for being so open with us. 0:15:43.880 --> 0:15:46.560 Tell me what's in your super and what's in your 0:15:46.640 --> 0:15:49.360 husband's super, and what are we doing about the fact 0:15:49.440 --> 0:15:50.640 that he hasn't been paid. 0:15:51.600 --> 0:15:55.120 I have just ticked over fifty thousand in mine. Oh no, 0:15:55.400 --> 0:15:58.840 my husband has seventy, but it should be at ninety. 0:15:59.320 --> 0:16:01.520 We don't know what's happening with his super yet. I 0:16:01.600 --> 0:16:04.000 think there's another meeting coming up and we will find 0:16:04.040 --> 0:16:08.080 out more. I really don't expect he will get everything 0:16:08.160 --> 0:16:11.320 he's owed. If we're lucky, we might get some of 0:16:11.440 --> 0:16:14.040 what he is owed. I have been putting a bit 0:16:14.120 --> 0:16:18.160 of extra of my pay into my super pre tax, yeah, 0:16:18.280 --> 0:16:21.520 which is just one hundred dollars a fortnight, just a 0:16:21.600 --> 0:16:24.000 top mine up because mine was I've had a lot 0:16:24.040 --> 0:16:26.680 of time off work with kids. I worked casually on 0:16:26.800 --> 0:16:29.840 and off quite a bit, so that has definitely helped, 0:16:29.920 --> 0:16:31.680 but mine up a bit of recent. 0:16:31.600 --> 0:16:34.280 Yeah, and now I know that you know that your 0:16:34.360 --> 0:16:38.400 husband's company is going into administration. But one thing I 0:16:38.440 --> 0:16:41.400 would recommend, so obviously not advice, This is just what 0:16:41.480 --> 0:16:44.840 I would do in this situation is still going and 0:16:45.080 --> 0:16:48.360 reporting it to the ATO, so making sure. I don't 0:16:48.400 --> 0:16:49.920 know if you've done this already, but I would go 0:16:50.120 --> 0:16:54.240 through the actual proper channel of making a complete report 0:16:55.000 --> 0:16:57.960 to the ATO to say you are eligible for it, 0:16:58.200 --> 0:17:00.360 it has not been paid. This is what has not 0:17:00.560 --> 0:17:03.120 been paid, so that it comes up as an official 0:17:03.280 --> 0:17:07.399 debt that could potentially be taken into consideration during the liquidation, 0:17:08.080 --> 0:17:10.600 because otherwise they might go, oh, super we'll get to it. 0:17:10.760 --> 0:17:13.760 Like no one's really spoken up about this, so like 0:17:13.960 --> 0:17:17.000 nothing's official and like you know, the liquidators haven't been 0:17:17.040 --> 0:17:18.879 made aware of it. No, no, no, we're just going 0:17:18.920 --> 0:17:21.120 to jump and scream about that because that one that's 0:17:21.160 --> 0:17:25.520 twenty thousand dollars bab and unpaid super like needs to 0:17:25.560 --> 0:17:27.399 be reported. So I don't know what you're doing in 0:17:27.480 --> 0:17:29.080 that space, but that is where I would go with 0:17:29.200 --> 0:17:31.359 it immediately, because even if you don't get it and 0:17:31.440 --> 0:17:33.080 it was a waste of time, we tried our best. 0:17:33.400 --> 0:17:36.560 Yep. Yeah, I think he has reached out. At the time, 0:17:36.640 --> 0:17:38.920 he was told to wait a week. I don't know why. 0:17:39.000 --> 0:17:40.920 Yeah, because his employer doesn't want to have to put 0:17:41.000 --> 0:17:42.000 that on a balance sheet. 0:17:42.080 --> 0:17:45.200 No, but they do have a meeting coming up specifically 0:17:45.320 --> 0:17:49.240 about super so it will be interesting to see what 0:17:49.520 --> 0:17:50.480 comes from that. Yeah. 0:17:50.600 --> 0:17:54.400 I just I am so critical of these processes. I'm 0:17:54.520 --> 0:17:57.399 just like one of those people that you know when 0:17:57.400 --> 0:18:00.200 you're like, oh, she sees the best in everybody. I 0:18:00.320 --> 0:18:03.000 really do try, but I've seen the worst in everybody too, 0:18:03.160 --> 0:18:05.880 So I'm always so critical and I'm like, yeah, cool, 0:18:05.880 --> 0:18:07.639 they're probably going to gaslight him in that meeting and 0:18:07.680 --> 0:18:09.840 try and make a settlement agreement. But we want full 0:18:09.920 --> 0:18:12.520 them out. So if you need any help, you reach out, 0:18:12.600 --> 0:18:16.639 my love. Now, talk to me about debts. What debts 0:18:16.720 --> 0:18:18.440 do you guys have, what do they look like, and 0:18:18.520 --> 0:18:19.639 how do they make you feel. 0:18:19.880 --> 0:18:23.399 We have a mortgage that right now is five hundred 0:18:23.440 --> 0:18:26.280 and forty thousand, and we have a car loan that's 0:18:26.800 --> 0:18:29.120 we're trying to smash out and that sits at eighteen 0:18:29.200 --> 0:18:29.680 at the moment. 0:18:29.880 --> 0:18:31.600 That's not too bad. Do you know the interest rate 0:18:31.720 --> 0:18:32.359 on your Carlon? 0:18:32.560 --> 0:18:34.520 Hi? Yeah, I do. 0:18:34.680 --> 0:18:35.280 It's fixed. 0:18:35.640 --> 0:18:37.640 It was a seven year loan and we're on track 0:18:37.720 --> 0:18:40.760