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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: Millennials Who Want Financial Freedom.

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Speaker 3: My name is Georgia King.

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Speaker 2: I'm a copywriter and journalism student, and I'm joined as

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Speaker 2: always by the Queen of Cash, millennial money expert Victoria

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Speaker 2: to Buying.

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Speaker 1: Hello, be Hello, not be hold on? Hello, Hello George?

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Speaker 1: Am I hold I hold on? Hold on, Hello Georgia.

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Speaker 1: How are you? Yeah, I'm really good. How are you?

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Speaker 1: I'm pretty all right, Let's move on.

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Speaker 3: I'm happy to hear that, all right.

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Speaker 2: Now, today's show is all about online shopping and specifically

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Speaker 2: how you can make megasale days like Black Friday and

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Speaker 2: Cyber Monday at work for you, instead of getting sucked

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Speaker 2: into buying things like three pairs of shoes you don't

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Speaker 2: like or want because they were a hot deal and

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Speaker 2: a bargain's a.

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Speaker 1: Barg I feel attacked, but okay, carry on.

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Speaker 2: If you are a sucker for an online shop like

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Speaker 2: Victoria is, and go week at the side of a sale,

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Speaker 2: than this is the episode to you. Of course, we

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Speaker 2: will also be bringing you a money diarist who is

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Speaker 2: finally crushing her debt, and we'll be helping answer a

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Speaker 2: Christmas ey question about gift buying without breaking the bank.

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Speaker 2: A lot to get to today, Victoria, and before we

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Speaker 2: jump into money wins and confessions, more exciting things have

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Speaker 2: been happening. What happens over the weekend?

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Speaker 1: Ah, this just a little something something Georgia King. We

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Speaker 1: were oh, I don't even know how to announce this.

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Speaker 1: Over the weekend we found out that we were top

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Speaker 1: five finalists in two podcast categories for the Australian Podcasting Awards,

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Speaker 1: which is insane and so crazy because we've only existed

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Speaker 1: for what is it like a year and a half now,

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Speaker 1: and to think that we are getting nominated for actual

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Speaker 1: podcasting awards feels like we're really legit and grown up,

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Speaker 1: like a wee big kids now. I don't know, I'm

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Speaker 1: just so excited. So we've made it as finalists in Georgia.

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Speaker 1: Get this kind of a joke, but okay, the smartest

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Speaker 1: podcast I know. I loved that, and the best Business Podcast,

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Speaker 1: which is actually legit and very very exciting. So honestly, guys,

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Speaker 1: we could not have gotten anywhere without our listeners and

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Speaker 1: our community. So this was you. This wasn't us, Like, yeah,

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Speaker 1: we make a podcast, but like if it was falling

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Speaker 1: on deafears, we definitely would have never made it to

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Speaker 1: being finalists in any type of podcasting award. So honestly

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Speaker 1: forever grateful for you guys. But in saying that now

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Speaker 1: I've kind of butted you all up to be my

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Speaker 1: best friends, we want to let you know that there

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Speaker 1: is actually a Listener's Choice award where you actually get

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Speaker 1: to vote for us. So we'll be putting a link

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Speaker 1: in our show notes for you, and we would so

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Speaker 1: love your support. If you can go and chuck us

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Speaker 1: a vote, that would be absolutely fantastic because arguably, as

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Speaker 1: much as it's so nice to be finalists in these

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Speaker 1: two other podcast categories, what actually matters to us is

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Speaker 1: our listeners and our community. And yeah, that's kind of

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Speaker 1: where we're at when it comes to these types of awards.

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Speaker 2: One love that, please vote. That actually just made me think,

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Speaker 2: fee you know that phrase when a tree falls in

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Speaker 2: a forest and no one is there to hear it,

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Speaker 2: did it make a sound? That's kind of like what

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Speaker 2: podcasts are. If you make a podcast and no one

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Speaker 2: hears it? Did you really make a podcast like you

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Speaker 2: kind of did? But does it count? Do you know

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Speaker 2: what I mean anyway, I.

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Speaker 1: Don't know what you mean, But do you know what

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Speaker 1: I would like? I'd like the money wins and commersions

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Speaker 1: from you, Dalai Lama?

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Speaker 3: You go first, what's your wakay.

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Speaker 1: Dalai Lama. So this week I have like a money

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Speaker 1: win and a confession. I'm not sure if it's a

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Speaker 1: win or a confession, but you're totally going to know

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Speaker 1: what I'm talking about once I admit to this. So

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Speaker 1: this week my money win slash confession is that I

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Speaker 1: ordered a Dison vacuum online. I did order it through

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Speaker 1: the sponsors of today's show, actually because I got a

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Speaker 1: little bit educated on their platform and liked the idea

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Speaker 1: of it. So I used my EVA plus membership to

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Speaker 1: order a dice in vacuum, which Georgia, I've been talking

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Speaker 1: about for a really long time. I ordered it from

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Speaker 1: the Bingley store on eBay, and I'm honestly so proud

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Speaker 1: of my self for holding out on these purchase for

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Speaker 1: so long.

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Speaker 2: Oh was at the end of your story?

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Speaker 1: Are you joking? Pull your head in.

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Speaker 3: So it is great, It's great.

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Speaker 2: You have been talking about this vacuum since.

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Speaker 3: It feels like the start of the year.

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Speaker 1: Honestly a long year. Honestly, I do have an old

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Speaker 1: Dicon and it lasts approximately ten minutes before it needs

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Speaker 1: another charge, and then it takes approximately eight hours to

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Speaker 1: charge because the battery is dead. I've tried a heap

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Speaker 1: of times to order a new battery online, but I

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Speaker 1: can never find one in stock, and so I've kind

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Speaker 1: of just given up. And now a new vacuum is

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Speaker 1: what I felt like I needed, and I've you know,

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Speaker 1: I don't know, I'm that girl who watches YouTube videos

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Speaker 1: of vacuums. That's just where I am in my life. Friends.

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Speaker 1: I'm not sure if you know I'm just a bit

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Speaker 1: diluted today while we're recording or not. But yeah, I'm

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Speaker 1: admitting to that on a public forum. No, I love

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Speaker 1: that love that You're welcome, and I mean, I'm gonna

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Speaker 1: test them all out. I've been posting on Instagram about

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Speaker 1: it already. I haven't even got it yet. I'm just

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Speaker 1: truly excited. So if anybody wants to tune into Victoria

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Speaker 1: review of the vacuum, please ex give me a follow.

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Speaker 1: You're welcome.

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Speaker 2: Yeah, do a little YouTube video of that may I'll

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Speaker 2: be watching. Are you interested in my money?

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Speaker 1: Win not really a good share it with the community anyway.

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Speaker 2: We do it every week anyway. So Melbourne has opened up, guys.

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Speaker 2: You can feel the energy has changed shifted. We are

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Speaker 2: free kind of and it's pretty good.

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Speaker 1: Anyway.

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Speaker 2: I went to the shops on the weekend they were open,

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Speaker 2: went into stores, did some browsing.

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Speaker 1: How weird is it? It's so weird.

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Speaker 2: It is so novel and I don't know if you

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Speaker 2: feel the same beat, but I just have this urge

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Speaker 2: to spend because it's been so long since I've done

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Speaker 2: that in Stare.

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Speaker 1: I'm not gonna lie. I've got that as well, even

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Speaker 1: though I've been online shopping recently. I just feel like

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Speaker 1: it's novel. But it's also really is it bad to

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Speaker 1: say it's making me slightly anxious like going out in public.

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Speaker 1: I literally seem to have a level of social anxiety,

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Speaker 1: which is fine and I'm sure that I'll work all

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Speaker 1: of that out, but I'm also getting exhausted really easy.

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Speaker 1: Is that a thing like I went to the shops

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Speaker 1: and then I need a nap?

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Speaker 2: No, that is the thing. Oh, it's a thing for

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Speaker 2: me for sure. So I'd be interested to hear how

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Speaker 2: the Melbourny and sotomers are going with that as well.

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Speaker 1: Maybe we'll start a thrill like do y'all need a nap, Let's.

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Speaker 3: Let's sleep together. Ma, that's weird.

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Speaker 1: Wow, Anyway, I liked your money win a confession though,

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Speaker 1: like you didn't buy anything at all.

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Speaker 3: I didn't buy anything.

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Speaker 2: Yeah, I resisted the urge because I would have just

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Speaker 2: done it for the sake of it. And yeah, so

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Speaker 2: you know that's my Wira.

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Speaker 1: She's on the money. Post to girl Georgia King, thank you.

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Speaker 2: I try to be Facebook group.

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Speaker 3: Let's chat about it.

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Speaker 2: One hundred thousand people in their Victorias are fine.

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Speaker 1: Oh my habish. I even took a photo of one

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Speaker 1: hundred thousand with those balloons and I felt like a

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Speaker 1: real influencer.

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Speaker 4: Georgia.

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Speaker 1: It was so fun. But I cannot believe that there

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Speaker 1: are one hundred thousand of you. This is actually wild.

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Speaker 1: I'm so proud of this community. Imagine how much money

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Speaker 1: with collectively saved, Like, can I make a little form

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Speaker 1: that we can all fill out and say, in the

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Speaker 1: last year since joining she's on the money, I've saved

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Speaker 1: like one hundred dollars or one thousand dollars and then

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Speaker 1: we can talk about how much she's on the money

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Speaker 1: community has saved the.

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Speaker 2: CAP's a color, dude, that would be cool.

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Speaker 1: Kind of weird, but I'm here for it. I'm always

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Speaker 1: here for weird stats. But speaking of the community, I

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Speaker 1: actually have a money win, like from the community. I

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Speaker 1: don't know if it's a money win or just a

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Speaker 1: life win. Our friend Hannah has posted and she said

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Speaker 1: side hustle alert. I started making polymer clay earrings a

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Speaker 1: month ago for fun, but I ended up falling in

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Speaker 1: love and soon I had these earrings with nowhere to

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Speaker 1: put them, so she started selling them online. It's been

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Speaker 1: three weeks since opening her shop and she's shocked but

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Speaker 1: incredibly proud to say that she's turned over seven hundred

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Speaker 1: and twenty two dollars. After many failed businesses over the

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Speaker 1: years that she's had, she is so grateful that this

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Speaker 1: one is working out for her. Can you believe it?

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Speaker 1: They are so cute and I'm so excited that. Yeah,

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Speaker 1: the people within our in our community are just like

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Speaker 1: making these small businesses, and I think that that's something

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Speaker 1: that I want to do this year for Christmas as well. Georgia,

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Speaker 1: let's do a thread in the Facebook group for like

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Speaker 1: shout out to She's on the money small businesses so

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Speaker 1: that we can buy from each other for Christmas. Like,

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Speaker 1: how cute would that be.

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Speaker 2: That's a great idea because there are so many clever

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Speaker 2: people in that group, and I mean with the newsletter,

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Speaker 2: a lot of people send through their small businesses because

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Speaker 2: we do do a shout out in there as well,

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Speaker 2: and it's amazing seeing what everyone is up to. So

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Speaker 2: that is a good idea.

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Speaker 1: My friend, Oh my gosh, I love it. One, I'm

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Speaker 1: going to order some gingerbread earrings from Hannah because they're

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Speaker 1: really cute. But two, if you don't actually subscribe to

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Speaker 1: our newsletter, there is some juicy, juicy information in there

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Speaker 1: each week from Georgia King, and every single week we

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Speaker 1: feature a small business because we know that you guys

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Speaker 1: don't have the platform often that you deserve, so we

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Speaker 1: hope to share ours with you. So if you have

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Speaker 1: a small business, go and pop your small business in

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Speaker 1: an email and shoot it through to Georgia and you

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Speaker 1: might be featured in the newsletter, which I think is

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Speaker 1: super fun. Love it, Love it, Georgia King. That wasn't

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Speaker 1: the only money win from our community that we liked, though,

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Speaker 1: you pick one every week, So what did you pick

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Speaker 1: this week to shout.

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Speaker 3: Out on the Okay?

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Speaker 2: So mine is from the lovely Kira, who has a

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Speaker 2: small money when she says, if you need a new wardrobe,

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Speaker 2: how about swapping your clothes with friends?

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Speaker 1: Genius.

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Speaker 2: My friends and I have all different sizes, go through

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Speaker 2: our wardrobes once in a blue moon, pick out what

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Speaker 2: we don't want, and then swap them between each other.

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Speaker 2: Half of the items she received had never been worn,

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Speaker 2: and she gave a big thanks to Hillary for the

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Speaker 2: skirt and Olivia for the top, which is pictured below.

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Speaker 2: And it's just a gorgeous idea. I think it's such

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Speaker 2: a good idea to get your girls, your guy friends

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Speaker 2: around have a little swap. We're allowed to do that

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Speaker 2: now in Victoria, So yeah, I just love that idea.

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Speaker 1: I actually really like that idea because my friends are

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Speaker 1: much more fashionable than I am often, so I just

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Speaker 1: feel like stealing their wardrobe is a fantastic idea own

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Speaker 1: money when that is coming my way hopefully soon, if

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Speaker 1: I could convince them love that.

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Speaker 2: Should we get to the main chat of today's show.

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Speaker 1: Be yes, because I'm actually really excited about these episode,

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Speaker 1: So let's jump straight.

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Speaker 2: All right, So today's show, guys, is all about how

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Speaker 2: to make those big events sales work for you. Now.

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Speaker 2: I think we've probably all been guilty of it. We're

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Speaker 2: coasting on in life cruis and checking our emails, scrolling

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Speaker 2: the gram, and then we see it a sale is

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Speaker 2: on and we immediately click through to the website to

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Speaker 2: trowl for bargains, even though before we saw that shiny

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Speaker 2: ad we didn't actually want or need the thing that

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Speaker 2: we were now coverting. Now it will come as a

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Speaker 2: surprise to you, absolutely no one that online shopping in

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Speaker 2: Australia is a very big deal. In twenty nineteen, Australians

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Speaker 2: spend twenty eight point six billion on online shopping, and

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Speaker 2: contributing to that sum is, of course, those megasale days

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Speaker 2: like fog Flashion Nights, Cyber Monday and Black Friday, which

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Speaker 2: is relatively new in Australia as it's very American and

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Speaker 2: of course revolves around Thanksgiving and it also marks the

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Speaker 2: first official day of the Christmas shopping season. But it

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Speaker 2: was actually eBay's biggest shopping day for the year in

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Speaker 2: twenty nineteen, which really shows that this is officially a

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Speaker 2: thing in Australia. Now, there is of course a merit

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Speaker 2: to these sales. If you use them to your favor,

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Speaker 2: you can save yourself some serious coin. And that's what

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Speaker 2: we want to chat about today. Can make the most

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Speaker 2: of these sales while simultaneously refusing the pull of the

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Speaker 2: clever marketing that sees us draining our bank accounts for

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Speaker 2: stuff we just don't need. Victoria, I find this topic

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Speaker 2: so interesting and it's obviously a very fine balancing act

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Speaker 2: to make these sales work for you and not tip

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Speaker 2: over into the territory of just being a marketer's dream.

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Speaker 2: So to start us off, let's talk about what we

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Speaker 2: mean by making sales work for you and how we

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Speaker 2: can actually do that.

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Speaker 3: Kick us off.

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Speaker 1: So, what you're referring to their g in terms of

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Speaker 1: making the sales work for you is refusing to get

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Speaker 1: sucked into the sales and buying things just because they

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Speaker 1: are cheap, and instead planning ahead for these sales to

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Speaker 1: happen so that you can jump on purchases that you

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Speaker 1: already intended on making and scoring them when you do

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Speaker 1: actually have a reduced price point. It's all about planning,

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Speaker 1: and I think it is so important to talk about

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Speaker 1: this topic, especially because Christmas is literally around the corner.

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Speaker 1: It's also very likely that you have in mind a

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Speaker 1: few of the gifts that you're going to be giving

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Speaker 1: this year, and buying those items on sale can be

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Speaker 1: a really good idea to bring down the overall cost

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Speaker 1: of what is you usually an incredibly expensive time of year.

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Speaker 1: So what I want to do this year is actually

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Speaker 1: challenge our community a little bit. This is just from me,

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Speaker 1: but let's start planning our Christmas so that none of

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Speaker 1: us in our community are doing last minute Christmas Eve shopping.

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Speaker 1: I think it's a stressful thing. I've done it a

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Speaker 1: million times. I mean probably like twenty nine times, like

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Speaker 1: not even twenty nine times, however long I've been buying

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Speaker 1: presents that my mum didn't fund. But it's one of

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Speaker 1: those things that we all do. We leave stuff for

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Speaker 1: the last minute. What I want you guys to do

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Speaker 1: is actually just write down a plan, organize what you

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Speaker 1: want to purchase, and put a plan in place to

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Speaker 1: get those things earlier than you think is necessary. Like

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Speaker 1: if Black Friday is around the corner, it's at the

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Speaker 1: end of November. Just FYI, friends, I think that we

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Speaker 1: should be using this to our advantage and planning to

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Speaker 1: actually purchase all our gifts a month early if we

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Speaker 1: are in a position to do so, reducing the stress

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Speaker 1: and the outlay of Christmas as a whole when it

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Speaker 1: comes to actually Christmas Day. So I think that that

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Speaker 1: is a challenge that I'm going to get a George King,

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Speaker 1: are you going to join me?

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Speaker 2: I think I will this year. I'm ready, I'm ready

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Speaker 2: for the challenge.

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Speaker 1: I'm very glad. I'm very very glad. Challenge accepted, my friend.

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Speaker 2: So, when it comes to making these sales work for us,

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Speaker 2: how do we actually make it happen?

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Speaker 1: So again, obviously take my challenge on board, but plan ahead. Now.

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Speaker 1: This episode is honestly, I'm obviously quite biased, but it

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Speaker 1: is the perfect launch pad for making the most of

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Speaker 1: these sales and actually planning ahead. Like, now is the time.

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Speaker 1: If you were waiting for a sign, this is your sign,

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Speaker 1: my friend. I want you guys to have a think

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Speaker 1: about Christmas and the gifts that you are planning on

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Speaker 1: purchasing and write them down in anticipation for these sales. Also,

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Speaker 1: note what you're currently in the market for, Like you're moving,

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Speaker 1: how soon do you need a new vacuum because yours

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Speaker 1: only last ten minutes. Do you need a new couch, George,

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Speaker 1: or are you moving how soon, Georgia. Maybe your runners

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Speaker 1: have seen better days and you actually need a new pair.

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Speaker 1: Write this stuff down ahead of time so you won't

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Speaker 1: be as blustered when the sales do come around and

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Speaker 1: then you end up forgetting what you needed and instead

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Speaker 1: you buy things that you weren't gonna buy in the place,

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Speaker 1: because you're in a panic to not miss out. I

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Speaker 1: just think it's so important to keep a wish list

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Speaker 1: and create a plan that you can refer back to

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Speaker 1: when it comes to these things, because we all want

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Speaker 1: that hit of dopamine regardless. Let's be honest. If we

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Speaker 1: are shoppers, we know what that feels like, and if

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Speaker 1: we plan for it, then at least we aren't you

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Speaker 1: wasting it in a way. Another thing is to tune out, Georgia.

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Speaker 1: When it comes to sales season and you've either bought

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Speaker 1: what you already intended or if you're refraining from purchasing

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Speaker 1: anything completely, I need you, guys to start making a

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Speaker 1: really conscious effort to tune out the marketing that is

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Speaker 1: going to be I promise it's going to be hammered

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Speaker 1: your way from every store that you've looked at online

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Speaker 1: targeted ads are incredibly clever and also super super annoying.

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Speaker 1: But if you're conscious of these ads that are following

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Speaker 1: you around the internet, it does make it a little

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Speaker 1: bit easier from refraining to click on them mindlessly and

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Speaker 1: then buying that product where you can just spend time

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Speaker 1: online doing what you intended to do instead of getting distracted,

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Speaker 1: which is exactly what these ads are designed to do

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Speaker 1: to you.

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Speaker 2: Georgia question, do you believe that Facebook ads are listening

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Speaker 2: to you? Because one time I walked past a trampoline

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Speaker 2: and I was like, look, it's a trampoline to my

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Speaker 2: boyfriend and he was like cool. Chat Anyway, later on

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Speaker 2: that night, what was sent my way trampoline ads? I

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Speaker 2: didn't buy one. They didn't get me.

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Speaker 1: I feel like our phones are listening, because like, I

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Speaker 1: don't know if Facebook's listening, but our phones are definitely listening.

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Speaker 1: I don't know if that a conspiracy. If we got

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Speaker 1: she's maybe conspiracy going on. If you guys know anything

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Speaker 1: about this, please share it with me, because the amount

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Speaker 1: of times that I've been like, oh, I really need

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Speaker 1: to purchase a new nail polish and then next minute

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Speaker 1: now polish is being served to me. I'm also finding

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Speaker 1: the same on TikTok, but it's getting creepy right, So

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Speaker 1: like off topic, guys, I had a saw knee last

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Speaker 1: week because I've decided to start running again. Terrible idea anyway,

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Speaker 1: how to really saw knee? And then I'm scrolling through TikTok.

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Speaker 1: The third TikTok was literally like, oh, I have you

359
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Speaker 1: got to saw? He has had to strap it up properly,

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Speaker 1: and I was like, oh, I hadn't even spoken about this.

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Speaker 1: Are you in my brain?

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Speaker 2: Those ads are just bizarre, so just be mindful. Be

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Speaker 2: mindful that they are targeting you for a reason, so

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Speaker 2: they are bizarre.

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Speaker 1: But also if you don't want to be as targeted online,

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Speaker 1: I'm not sure how much this helps. These days, you

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Speaker 1: can also go incognito and do like private browsing while

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Speaker 1: doing your shopping so you're not automatically targeted later, which

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Speaker 1: could be an idea. Another thing, when we are talking

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Speaker 1: about online unsubscribed from things that end up in your

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Speaker 1: mailbox Georgia, Honestly, it is one of those things that

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Speaker 1: often gets me clicking and distracted during work, and you

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Speaker 1: know during the day when I'm going through my emails

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Speaker 1: and a really nice promo comes up, I just think,

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Speaker 1: if you're not in the market for something, you don't

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Speaker 1: need the marketing emails, and if you do find yourself

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Speaker 1: in the market for something, you can actually go find

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Speaker 1: a promotion relatively easy. It's twenty twenty. So I think

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Speaker 1: if you're in the market for a new pair of

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Speaker 1: shoes and you're actively looking for it and you want

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Speaker 1: a twenty percent discount code, I'm sure you'll be able

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Speaker 1: to find one. You don't need to always be in

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Speaker 1: the loop on someone's DM to do that. Often the

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Speaker 1: edms force you into buying things you didn't need. Another point,

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Speaker 1: which I've made on this podcast before, but he's really

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Speaker 1: relevant to remind you of Georgia is use your saved

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Speaker 1: money wisely. So I love the idea of deliberately putting

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Speaker 1: the money that you've saved from any purchase you make

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Speaker 1: into a savings account that you don't touch, or into

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Speaker 1: your micro investing platform, or popping it towards your holiday fund,

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Speaker 1: instead of having that money saved there to essentially be

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Speaker 1: spent on something else. So put it to work for you.

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Speaker 1: And actually get bang for your buck. And this happens

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Speaker 1: like when people say, oh, like I've stopped having coffees

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Speaker 1: out and I'm having them home, Like, I still want

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Speaker 1: you to take that four dollars fifty and put it

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Speaker 1: into savings so it becomes genuine savings instead of just

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Speaker 1: sitting in your cash floor account where you spend it

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Speaker 1: on other things. So that would be my top tips

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Speaker 1: for today, Georgia. Love it.

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Speaker 2: And then when it comes to traps we can avoid.

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Speaker 2: Are there any tips you have there?

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Speaker 1: I think when it comes to stuff like sporadic shopping

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Speaker 1: and in pol buying, the key thing is that I

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Speaker 1: want our listeners to avoid these things. So you only

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Speaker 1: save money on sales when you're actually planning on purchasing

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Speaker 1: the product, and then you saved on that product. Impulse buying,

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Speaker 1: especially at a time when everything seems really shiny and

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Speaker 1: too good to be true. We're talking about this before, Georgia.

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Speaker 1: It can actually be quite disastrous on our bank accounts.

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Speaker 1: So I really want you guys to understand the difference

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Speaker 1: between saving on sales and actually being manipulated by sales,

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Speaker 1: which is a legitimate thing as well.

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Speaker 2: Before we move on to our listener question today. V.

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Speaker 2: I know you obviously have a bit of a background

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Speaker 2: in psychology, which is quite handy, and that also lends

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Speaker 2: itself to an understanding of consumer behavior. So what is

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Speaker 2: it about a sale that humans just find so hard

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Speaker 2: to resist?

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Speaker 1: Dopamine? Full stop, end of story. We just love a

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Speaker 1: good dopamine hit, and it's not uncommon. But also fomo

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Speaker 1: it's a massive part of online marketing and the psychology

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Speaker 1: of sales as a whole. There's just this idea out

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Speaker 1: there that sales temporary and we need to get in

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Speaker 1: now before the sale ends or before they run out

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Speaker 1: of that product. So beware of terms that are like

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Speaker 1: for a limited time only, or like selling fast, or

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Speaker 1: this won't last long, or this is the biggest sale

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Speaker 1: we've ever had, because these are just marketing tools that

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Speaker 1: make you feel more pressured to purchase something in the moment.

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Speaker 1: There's always going to be a better option, There's always

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Speaker 1: going to be another opportunity at some point. So I

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Speaker 1: think that if we have this mentality of like, oh

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Speaker 1: my gosh, it's never gonna happen again, we're actually taking

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Speaker 1: our sales two steps backwards. So I think you need

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Speaker 1: to see these for what they are, and that's just

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Speaker 1: as marketing tactics. I also think that sales morph you're

438
00:19:39,240 --> 00:19:41,600
Speaker 1: thinking into what we are saving instead of what we

439
00:19:41,640 --> 00:19:43,840
Speaker 1: are spending. Like how many times have we, you know,

440
00:19:43,920 --> 00:19:47,480
Speaker 1: bought something that we weren't meant to buy and been like, ah, Georgia,

441
00:19:47,640 --> 00:19:50,320
Speaker 1: but I saved X amount? It's like, well, were you

442
00:19:50,480 --> 00:19:54,960
Speaker 1: really planning on purchasing that? In reality, sales shoppers often

443
00:19:55,000 --> 00:19:58,119
Speaker 1: spend more than non sales shoppers, so keep that in mind,

444
00:19:58,280 --> 00:20:00,879
Speaker 1: because if you think you're getting a bus, often you

445
00:20:00,960 --> 00:20:04,240
Speaker 1: might be on ourverage spending more than someone who doesn't

446
00:20:04,280 --> 00:20:06,920
Speaker 1: buy anything on sale, and that's that's kind of depressing

447
00:20:06,960 --> 00:20:10,840
Speaker 1: if I'm being honest. But while we're speaking about research,

448
00:20:11,160 --> 00:20:13,479
Speaker 1: research also tells us that when it comes to the

449
00:20:13,520 --> 00:20:16,720
Speaker 1: price perception, the first digit is the one we paid

450
00:20:16,720 --> 00:20:19,120
Speaker 1: the most attention to, which you're probably not surprised about.

451
00:20:19,200 --> 00:20:22,320
Speaker 1: You've probably heard before. But we would much prefer to

452
00:20:22,400 --> 00:20:25,560
Speaker 1: pay forty nine ninety nine for something rather than a

453
00:20:25,600 --> 00:20:28,879
Speaker 1: full fifty dollars. Sounds simple, but these are marketing tricks

454
00:20:28,880 --> 00:20:31,240
Speaker 1: that honestly play with our minds, and it is just

455
00:20:31,320 --> 00:20:34,040
Speaker 1: so important to be aware of and remind yourself of

456
00:20:34,080 --> 00:20:36,480
Speaker 1: these things because George, how many times have we bought

457
00:20:36,480 --> 00:20:40,040
Speaker 1: something that is forty nine ninety five and then when

458
00:20:40,040 --> 00:20:42,960
Speaker 1: someone said, oh, how much was that, you say forty dollars?

459
00:20:43,119 --> 00:20:45,199
Speaker 1: Like it is so easy to round down, and we

460
00:20:45,320 --> 00:20:47,919
Speaker 1: really need to stop doing that and see prices for

461
00:20:48,000 --> 00:20:51,760
Speaker 1: exactly what they are. Fifty dollars, full stop, end of story.

462
00:20:51,880 --> 00:20:52,840
Speaker 1: Always round up.

463
00:20:53,000 --> 00:20:56,200
Speaker 2: It's so interesting because all of these points just really

464
00:20:56,200 --> 00:21:00,040
Speaker 2: sound like common sense things, but it's crazy how we

465
00:21:00,359 --> 00:21:03,879
Speaker 2: do get sucked into marketing so easily, Like these are experts.

466
00:21:04,240 --> 00:21:06,520
Speaker 2: Manipulating is a strong and I feel like quite a

467
00:21:06,520 --> 00:21:08,760
Speaker 2: loaded word, but at the end of the day, these

468
00:21:08,760 --> 00:21:11,800
Speaker 2: businesses their purpose is to make sales, so it makes

469
00:21:11,800 --> 00:21:14,160
Speaker 2: sense that their marketing is strong and where we are

470
00:21:14,440 --> 00:21:15,480
Speaker 2: manipulated by it, so.

471
00:21:15,840 --> 00:21:18,160
Speaker 1: It's it's a legit thing as well, Like we need

472
00:21:18,200 --> 00:21:21,760
Speaker 1: to remember that these companies spend money on advertising, they

473
00:21:21,840 --> 00:21:25,800
Speaker 1: spend money or marketing. They spend money having researchers work

474
00:21:25,840 --> 00:21:29,880
Speaker 1: out what a consumer's activities actually look like and how

475
00:21:29,920 --> 00:21:32,440
Speaker 1: that works and how to best get them to purchase

476
00:21:32,480 --> 00:21:36,320
Speaker 1: more Like it's a multi billion dollar business. We're not

477
00:21:36,359 --> 00:21:39,400
Speaker 1: saying completely avoid it. It can actually be quite helpful

478
00:21:39,440 --> 00:21:41,800
Speaker 1: in some circumstances. But what I want you guys to

479
00:21:41,840 --> 00:21:44,760
Speaker 1: be is aware of these things, like these things have

480
00:21:44,880 --> 00:21:47,639
Speaker 1: billions of dollars invested in them for good reason, because

481
00:21:47,640 --> 00:21:50,760
Speaker 1: it provides good returns to those companies. So I think

482
00:21:50,800 --> 00:21:53,480
Speaker 1: we need to remember that there's a reason there's still

483
00:21:53,480 --> 00:21:56,800
Speaker 1: money being poured into marketing each and every single year,

484
00:21:57,040 --> 00:21:59,640
Speaker 1: and that we are essentially just the consumers. So let's

485
00:21:59,680 --> 00:22:01,600
Speaker 1: just be super aware consumers together.

486
00:22:01,720 --> 00:22:02,320
Speaker 3: Yep, love it.

487
00:22:02,400 --> 00:22:03,000
Speaker 1: Be mindful.

488
00:22:03,160 --> 00:22:05,840
Speaker 2: The last little thing I wanted to note as well

489
00:22:05,840 --> 00:22:08,399
Speaker 2: with this topic is that obviously both me and I

490
00:22:08,440 --> 00:22:12,920
Speaker 2: are big advocates for sustainability where possible, and fast fashion

491
00:22:13,040 --> 00:22:15,560
Speaker 2: is obviously a huge issue when it comes to the

492
00:22:15,600 --> 00:22:20,040
Speaker 2: whole ethics and question of sustainability. So if you have

493
00:22:20,119 --> 00:22:21,840
Speaker 2: a problem with shopping, if you are a bit of

494
00:22:21,840 --> 00:22:24,520
Speaker 2: a shopaholic, and you want to understand a little bit

495
00:22:24,600 --> 00:22:28,760
Speaker 2: more about the impacts of fashion and consumerism, then do

496
00:22:28,920 --> 00:22:31,119
Speaker 2: go back and listen to our episode we did at

497
00:22:31,119 --> 00:22:33,320
Speaker 2: the start of season three it was eight years ago now,

498
00:22:33,840 --> 00:22:36,520
Speaker 2: which I think is literally called the Real Price of

499
00:22:36,600 --> 00:22:38,639
Speaker 2: Fast Fashion or something like that. It's very obvious in

500
00:22:38,680 --> 00:22:41,399
Speaker 2: the title, So do go back and have a listen

501
00:22:41,480 --> 00:22:43,760
Speaker 2: to that one, but for now, I think it's off

502
00:22:43,760 --> 00:22:44,639
Speaker 2: to the listener question.

503
00:22:45,480 --> 00:22:48,879
Speaker 4: Hey, guys, So I'm really worry this year that my

504
00:22:49,160 --> 00:22:53,439
Speaker 4: Christmas shopping is going to impact my financial goals. I

505
00:22:53,520 --> 00:22:55,840
Speaker 4: really want to buy nice things for my friends and family,

506
00:22:55,920 --> 00:22:57,960
Speaker 4: but it's going to be really hard to build those

507
00:22:58,000 --> 00:23:00,920
Speaker 4: savings up again. And I've worked really hard to get

508
00:23:00,960 --> 00:23:04,760
Speaker 4: to this point. So am I a bad person? Now?

509
00:23:04,800 --> 00:23:07,800
Speaker 4: I want to know how everyone is managing their cash

510
00:23:07,840 --> 00:23:09,399
Speaker 4: flow this season. Please help me?

511
00:23:10,119 --> 00:23:12,360
Speaker 2: Alrighty, Victoria, I feel like this is a question that's

512
00:23:12,400 --> 00:23:16,040
Speaker 2: probably rattling around in a lot of our listeners' heads.

513
00:23:16,480 --> 00:23:18,119
Speaker 2: What would be your answer to this one?

514
00:23:18,200 --> 00:23:20,040
Speaker 1: I feel like so many of us can relate to this,

515
00:23:20,200 --> 00:23:22,480
Speaker 1: especially at this time of the year. This is going

516
00:23:22,560 --> 00:23:25,280
Speaker 1: to be such a strange Christmas, if I'm being honest, like,

517
00:23:25,720 --> 00:23:28,240
Speaker 1: we will hopefully all be surrounded by friends and family

518
00:23:28,320 --> 00:23:31,800
Speaker 1: and have a really nice time, But it's undeniable that

519
00:23:31,880 --> 00:23:35,520
Speaker 1: so many of us have gone through essentially incredibly challenging

520
00:23:35,560 --> 00:23:39,840
Speaker 1: financial situations this year, and I think that our expectations

521
00:23:39,840 --> 00:23:42,359
Speaker 1: when it comes to Christmas spending should be reflective of that,

522
00:23:42,440 --> 00:23:44,800
Speaker 1: and you shouldn't just be like, oh, well, I spent

523
00:23:44,920 --> 00:23:47,399
Speaker 1: X amount last year, it's really reasonable to have to

524
00:23:47,440 --> 00:23:49,760
Speaker 1: do that again this year. Like I don't think that

525
00:23:49,800 --> 00:23:52,880
Speaker 1: should be reasonable any year. Like gift giving is really

526
00:23:52,960 --> 00:23:55,120
Speaker 1: nice to have, it is not essential, and I think

527
00:23:55,119 --> 00:23:58,880
Speaker 1: that's something we really need to remember. But given the episode,

528
00:23:58,920 --> 00:24:02,439
Speaker 1: I would recommend using sales like Black Friday sales on

529
00:24:02,520 --> 00:24:05,159
Speaker 1: Ebays and sticking to your goals through planning and actually

530
00:24:05,240 --> 00:24:08,040
Speaker 1: understanding your money values and then trying to reduce your

531
00:24:08,080 --> 00:24:11,280
Speaker 1: delivery costs everywhere and all of the additional fees like

532
00:24:11,359 --> 00:24:14,600
Speaker 1: making one big order Georgia instead of multiple through a

533
00:24:14,680 --> 00:24:17,720
Speaker 1: number of different weeks. So I think it's all about planning.

534
00:24:17,920 --> 00:24:19,760
Speaker 1: But the number one thing that I would do here

535
00:24:19,920 --> 00:24:22,040
Speaker 1: is actually sit down and work out what you can

536
00:24:22,119 --> 00:24:25,679
Speaker 1: logically afford and work backwards. Like when it comes to money,

537
00:24:25,720 --> 00:24:28,880
Speaker 1: I often like to work backwards best because it gives

538
00:24:28,960 --> 00:24:33,520
Speaker 1: us the clearest outcomes. So if you're planning on organizing

539
00:24:33,600 --> 00:24:36,280
Speaker 1: Christmas this year, and you just sit down and you go,

540
00:24:36,359 --> 00:24:38,960
Speaker 1: you know what, overall, I really only want to spend

541
00:24:39,080 --> 00:24:42,840
Speaker 1: five hundred dollars this Christmas, and I have five people

542
00:24:42,880 --> 00:24:45,840
Speaker 1: to buy for. Take five hundred dollars and divide it

543
00:24:45,880 --> 00:24:48,679
Speaker 1: by five, and you'll find that about one hundred dollars

544
00:24:48,720 --> 00:24:51,440
Speaker 1: a gift is something that would be relevant for you

545
00:24:51,720 --> 00:24:53,480
Speaker 1: if you still have that five hundred dollars that you

546
00:24:53,480 --> 00:24:55,879
Speaker 1: want to spend and you actually have nine people that

547
00:24:55,920 --> 00:24:58,800
Speaker 1: you need to buy for. Your new budget is fifty

548
00:24:58,920 --> 00:25:01,680
Speaker 1: five dollars per pose. So I think it's really important

549
00:25:01,720 --> 00:25:03,800
Speaker 1: to start talking about budgeting, and I'm sure we'll do

550
00:25:03,840 --> 00:25:06,520
Speaker 1: another episode on this before Christmas, Georgia, because I just

551
00:25:06,520 --> 00:25:09,480
Speaker 1: think it's so important to talk about budgeting and cash

552
00:25:09,480 --> 00:25:13,240
Speaker 1: flow and really understanding these things, but work backwards and

553
00:25:13,280 --> 00:25:15,520
Speaker 1: work out what you can afford and set an overall

554
00:25:15,560 --> 00:25:18,800
Speaker 1: budget and then break it down from there. So for me,

555
00:25:19,000 --> 00:25:21,840
Speaker 1: I would just make sure that you remember that Christmas

556
00:25:21,880 --> 00:25:24,439
Speaker 1: is about spending time with people. It's not about the

557
00:25:24,480 --> 00:25:28,359
Speaker 1: product that you purchase someone. Obviously, nice gifts are beautiful,

558
00:25:28,560 --> 00:25:30,840
Speaker 1: but I think we can all agree that ninety nine

559
00:25:30,880 --> 00:25:33,760
Speaker 1: point ninety five percent of us would prefer a thoughtful

560
00:25:33,760 --> 00:25:36,720
Speaker 1: gift over an expensive one. So I think sit down,

561
00:25:37,040 --> 00:25:39,160
Speaker 1: have a bit of a brainstorm about gifts that could

562
00:25:39,240 --> 00:25:42,040
Speaker 1: essentially mean something more than just something you've bought at

563
00:25:42,040 --> 00:25:42,440
Speaker 1: the store.

564
00:25:42,640 --> 00:25:44,479
Speaker 2: The only thing I would say is that she's definitely

565
00:25:44,480 --> 00:25:47,480
Speaker 2: not a bad person, which was a part of her question. Yeah,

566
00:25:47,600 --> 00:25:51,280
Speaker 2: absolutely not, Yeah, no way. But in terms of managing

567
00:25:51,560 --> 00:25:54,760
Speaker 2: her cash flow and how you can do that, what

568
00:25:54,840 --> 00:25:57,159
Speaker 2: would you say beyond setting a number that you can

569
00:25:57,160 --> 00:25:58,960
Speaker 2: afford and then breaking that up, is there anything else

570
00:25:59,000 --> 00:25:59,400
Speaker 2: you can do?

571
00:26:00,000 --> 00:26:02,119
Speaker 1: It's a bit late for this advice right now because

572
00:26:02,160 --> 00:26:05,480
Speaker 1: it is November, friends, but I would be managing cash

573
00:26:05,520 --> 00:26:08,480
Speaker 1: flow as a whole, not managing cash flow just for

574
00:26:08,560 --> 00:26:11,520
Speaker 1: the silly season. So if you manage your cash flow

575
00:26:11,560 --> 00:26:14,560
Speaker 1: as a whole, you will already be prepared for Christmas.

576
00:26:14,560 --> 00:26:17,280
Speaker 1: You'll have that in the budget, You'll have that set aside,

577
00:26:17,359 --> 00:26:21,240
Speaker 1: so it never feels financially constrictive. And I think that's

578
00:26:21,240 --> 00:26:24,600
Speaker 1: something that I would really recommend for everybody. Organize your budget,

579
00:26:24,760 --> 00:26:27,600
Speaker 1: organize your cash flow. Once you have those things in place,

580
00:26:27,640 --> 00:26:31,560
Speaker 1: they are like the foundations of your financial success. Honestly,

581
00:26:31,600 --> 00:26:33,879
Speaker 1: if you've got your budget together, you know what's coming

582
00:26:33,880 --> 00:26:36,160
Speaker 1: in and what's going out, and you have a cash

583
00:26:36,200 --> 00:26:38,880
Speaker 1: flow system in place, every single dollar that you make

584
00:26:39,040 --> 00:26:41,680
Speaker 1: ends up working for you, as opposed to you scrambling

585
00:26:41,680 --> 00:26:43,919
Speaker 1: when a bill comes in, and you feel like you

586
00:26:44,280 --> 00:26:47,560
Speaker 1: are consistently in this loop of living payday to payday.

587
00:26:47,760 --> 00:26:50,360
Speaker 1: So I think it's just about actually managing cashlow as

588
00:26:50,400 --> 00:26:53,000
Speaker 1: a whole. Obviously I'm biased because we do have our

589
00:26:53,040 --> 00:26:55,480
Speaker 1: cash flow course and we do talk about budgeting and

590
00:26:55,480 --> 00:26:59,320
Speaker 1: cashlow a lot on this podcast, but seriously, getting control

591
00:26:59,400 --> 00:27:03,240
Speaker 1: of that and you'll no longer feel as much financial stress.

592
00:27:03,440 --> 00:27:06,040
Speaker 1: But I think it also goes back Georgia to taking

593
00:27:06,080 --> 00:27:08,720
Speaker 1: stress off yourself, Like if you want to buy nice

594
00:27:08,760 --> 00:27:11,240
Speaker 1: things for the ones that you love, like that's so

595
00:27:11,240 --> 00:27:14,040
Speaker 1: so kind, but have I think about things that are

596
00:27:14,080 --> 00:27:16,359
Speaker 1: a little bit left field that might mean a little

597
00:27:16,359 --> 00:27:18,200
Speaker 1: bit more to them. Like I remember a couple of

598
00:27:18,280 --> 00:27:21,760
Speaker 1: Christmases ago, I got a gift voucher from my partner

599
00:27:22,040 --> 00:27:24,320
Speaker 1: that was like a homemade gift voucher for a thing

600
00:27:24,320 --> 00:27:26,280
Speaker 1: that I really wanted to do, and it was just

601
00:27:26,359 --> 00:27:29,000
Speaker 1: really sweet and really thoughtful, and honestly it didn't end

602
00:27:29,080 --> 00:27:32,000
Speaker 1: up costing him anything except lunch on the day. And

603
00:27:32,080 --> 00:27:34,359
Speaker 1: I just think that, you know, that ended up meaning

604
00:27:34,400 --> 00:27:36,920
Speaker 1: a lot more to me than you know, an item

605
00:27:37,280 --> 00:27:39,879
Speaker 1: that I would have forgotten by now, whereas I remember

606
00:27:39,920 --> 00:27:44,280
Speaker 1: that really fondly. So maybe experiences this year over actual gifts.

607
00:27:44,080 --> 00:27:46,560
Speaker 2: Love that homemade is the way to go as well.

608
00:27:46,560 --> 00:27:51,680
Speaker 3: I love that idea.

609
00:27:51,880 --> 00:27:54,960
Speaker 5: I am twenty four and previously journey but learning how

610
00:27:54,960 --> 00:27:56,919
Speaker 5: to float, and this is my money diary.

611
00:27:57,280 --> 00:27:59,960
Speaker 2: Now let's take a sneak peek into the financial life

612
00:28:00,119 --> 00:28:02,840
Speaker 2: the Perfect Strangers. It's time for money diaries.

613
00:28:03,320 --> 00:28:07,440
Speaker 5: Financially, twelve months ago I was drowning. Was in about

614
00:28:07,480 --> 00:28:10,920
Speaker 5: forty thousand dollars worth of debt. I had quick loans,

615
00:28:11,040 --> 00:28:14,399
Speaker 5: I had every type of buying hour pay later service

616
00:28:14,480 --> 00:28:16,919
Speaker 5: you can imagine, ones you probably haven't even heard of.

617
00:28:17,600 --> 00:28:21,040
Speaker 5: I was struggling to pay any of my bills. I

618
00:28:21,040 --> 00:28:23,080
Speaker 5: had to borrow money from one of my sisters to

619
00:28:23,400 --> 00:28:25,840
Speaker 5: keep afloat. I knew exactly how much I had to

620
00:28:25,880 --> 00:28:28,680
Speaker 5: get paid every single week to be able to pay

621
00:28:28,680 --> 00:28:31,320
Speaker 5: my bills, but I definitely struggled to reach out amount

622
00:28:31,320 --> 00:28:33,880
Speaker 5: because it was quite high, and that didn't take into

623
00:28:33,920 --> 00:28:37,160
Speaker 5: account any sort of discretionary spending or anything like that.

624
00:28:37,359 --> 00:28:43,160
Speaker 5: So now I am about half of that. I found

625
00:28:43,200 --> 00:28:45,640
Speaker 5: the podcast once my friend put me onto it. I

626
00:28:45,680 --> 00:28:49,280
Speaker 5: did withdraw a little bit of my super during COVID,

627
00:28:49,600 --> 00:28:52,560
Speaker 5: so that definitely went to pay off some of my

628
00:28:52,640 --> 00:28:56,520
Speaker 5: three credit cards, personal loan, quick loans, all of the above,

629
00:28:57,880 --> 00:28:59,960
Speaker 5: and I have savings for the first time in my life.

630
00:29:00,080 --> 00:29:01,800
Speaker 3: What does she do for work? How much does she

631
00:29:01,880 --> 00:29:03,880
Speaker 3: earn and how much does she have sitting in her

632
00:29:03,880 --> 00:29:04,560
Speaker 3: bank account.

633
00:29:04,680 --> 00:29:07,960
Speaker 5: I am a store manager at a BOOSTOS. I've only

634
00:29:08,120 --> 00:29:11,600
Speaker 5: just taken that role. That I should be earning around

635
00:29:11,720 --> 00:29:15,880
Speaker 5: sixty thousand a year, and I have roughly three thousand

636
00:29:15,920 --> 00:29:18,800
Speaker 5: in my bank account at the moment, which is incredible

637
00:29:18,840 --> 00:29:21,280
Speaker 5: because I've never had more than three hundred dollars in

638
00:29:21,280 --> 00:29:22,120
Speaker 5: my bank account.

639
00:29:22,360 --> 00:29:24,120
Speaker 3: And what happens to her money? Wants it arrives in

640
00:29:24,160 --> 00:29:24,640
Speaker 3: her account.

641
00:29:24,760 --> 00:29:28,680
Speaker 5: So as soon as I get paid, I pay my

642
00:29:29,040 --> 00:29:31,680
Speaker 5: one hundred and fifty dollars for my board. I then

643
00:29:31,880 --> 00:29:34,719
Speaker 5: have a direct debit come out to a savings account

644
00:29:34,720 --> 00:29:37,400
Speaker 5: that I can't see, so fifty dollars automatically disappears. I've

645
00:29:37,440 --> 00:29:39,360
Speaker 5: also got my direct debit for my race set up

646
00:29:39,360 --> 00:29:41,480
Speaker 5: from that account as well, so I leave that money

647
00:29:41,480 --> 00:29:44,000
Speaker 5: in there. I transfer everything else to my up, and

648
00:29:44,080 --> 00:29:48,480
Speaker 5: then I transfer across my savers accounts, and I usually

649
00:29:48,560 --> 00:29:50,840
Speaker 5: leave myself about one hundred, one hundred and fifty dollars

650
00:29:50,880 --> 00:29:51,800
Speaker 5: for the rest of the week.

651
00:29:51,960 --> 00:29:54,960
Speaker 3: What are her investment plans, what are her general attitudes

652
00:29:54,960 --> 00:29:56,200
Speaker 3: towards investing.

653
00:29:56,000 --> 00:30:00,800
Speaker 5: So for a while I had no knowledge about investing.

654
00:30:01,200 --> 00:30:03,680
Speaker 5: I didn't really think that it was something that just

655
00:30:03,840 --> 00:30:07,160
Speaker 5: anyone and everyone did until I started listening to the podcast.

656
00:30:07,720 --> 00:30:11,160
Speaker 5: So I decided to jump on rais as about five

657
00:30:11,240 --> 00:30:14,640
Speaker 5: hundred dollars in there at the moment, I just directed

658
00:30:14,720 --> 00:30:17,000
Speaker 5: it ten dollars a week, and then I've got round ups,

659
00:30:17,000 --> 00:30:19,680
Speaker 5: so it usually ended up being about twenty dollars a week.

660
00:30:20,000 --> 00:30:23,640
Speaker 5: Once I've cleared my debt, I really want to delve

661
00:30:24,200 --> 00:30:27,920
Speaker 5: deeper into the stock market and figuring out where I

662
00:30:27,960 --> 00:30:30,400
Speaker 5: want to go and where I want to invest, because

663
00:30:30,480 --> 00:30:33,600
Speaker 5: I think it is an awesome thing to get done

664
00:30:33,640 --> 00:30:35,720
Speaker 5: now to set myself up for later.

665
00:30:36,080 --> 00:30:38,000
Speaker 3: So actually have any debts.

666
00:30:37,760 --> 00:30:41,280
Speaker 5: So I have just only sixteen thousand dollars on a

667
00:30:41,320 --> 00:30:45,080
Speaker 5: personal loan, just over four and a half on a

668
00:30:45,280 --> 00:30:48,320
Speaker 5: credit card debt, but I've actually canceled the credit card,

669
00:30:48,760 --> 00:30:51,400
Speaker 5: so I can't use that account at all. I'm just

670
00:30:51,600 --> 00:30:53,920
Speaker 5: paying off the debt and the interest. But I find

671
00:30:53,920 --> 00:30:57,040
Speaker 5: that really works because you can't spend any more money.

672
00:30:57,160 --> 00:30:59,520
Speaker 5: And I had no idea that was even a thing

673
00:30:59,640 --> 00:31:01,600
Speaker 5: until someone who posts about it in the.

674
00:31:01,600 --> 00:31:03,840
Speaker 3: Group what is her best money habit.

675
00:31:03,880 --> 00:31:07,640
Speaker 5: Probably be that I always pay my bills. I always

676
00:31:07,640 --> 00:31:11,000
Speaker 5: make sure that I'm never getting late fees and all

677
00:31:11,040 --> 00:31:13,520
Speaker 5: that sort of stuff because I'm not paying my bills

678
00:31:13,520 --> 00:31:16,600
Speaker 5: on time. I've always made sure that I pay them,

679
00:31:16,680 --> 00:31:19,360
Speaker 5: especially my loans, because I don't want to mess up

680
00:31:19,560 --> 00:31:22,000
Speaker 5: anything for in the future. And I feel like I

681
00:31:22,080 --> 00:31:24,920
Speaker 5: split my money quite well, like I have maybe fifteen

682
00:31:24,960 --> 00:31:27,920
Speaker 5: different savers on my up account, because I find that

683
00:31:28,320 --> 00:31:33,000
Speaker 5: allocating money to a specific thing really helps when I

684
00:31:33,040 --> 00:31:35,320
Speaker 5: need to dip back into my savings because I can

685
00:31:35,360 --> 00:31:37,560
Speaker 5: see that I'm taking it away from something else. So

686
00:31:37,760 --> 00:31:40,640
Speaker 5: I don't tend to dip into those accounts anywhere there

687
00:31:40,680 --> 00:31:42,080
Speaker 5: as much as I previously have.

688
00:31:42,240 --> 00:31:43,680
Speaker 3: What is her worst money.

689
00:31:43,400 --> 00:31:46,200
Speaker 5: Habit probably has always been that I like to have

690
00:31:46,640 --> 00:31:50,240
Speaker 5: multiple of everything. If I find a jacket that I like,

691
00:31:50,520 --> 00:31:52,640
Speaker 5: I buy it in every single color it comes in.

692
00:31:53,120 --> 00:31:55,640
Speaker 5: I find a blanket, and all of a sudden, I

693
00:31:55,640 --> 00:31:58,760
Speaker 5: have six because it had six colors. I also spend

694
00:31:59,360 --> 00:32:02,040
Speaker 5: an incredible amount of money on makeup for someone that

695
00:32:02,080 --> 00:32:04,400
Speaker 5: doesn't wear makeup very often. But I just have this

696
00:32:04,520 --> 00:32:07,440
Speaker 5: mentality that I have to have the whole collection. So

697
00:32:07,440 --> 00:32:09,560
Speaker 5: as soon as another Pellette comes out, I have to

698
00:32:09,600 --> 00:32:11,600
Speaker 5: have it because I have all the other ones, but

699
00:32:11,640 --> 00:32:12,680
Speaker 5: I don't actually use them.

700
00:32:13,120 --> 00:32:14,960
Speaker 3: And what is her big money goal.

701
00:32:15,120 --> 00:32:18,840
Speaker 5: Well, I definitely want to get myself completely out of debt,

702
00:32:19,000 --> 00:32:22,840
Speaker 5: and I want to set myself up with an emergency

703
00:32:22,880 --> 00:32:25,880
Speaker 5: fund and a rainy day fund and all of the

704
00:32:25,960 --> 00:32:29,960
Speaker 5: above so that when I have a major car service

705
00:32:30,040 --> 00:32:32,920
Speaker 5: or something like that, I'm not freaking out because I

706
00:32:32,920 --> 00:32:35,040
Speaker 5: don't know how to pay it, Like I need that

707
00:32:35,400 --> 00:32:39,640
Speaker 5: stability there before I can do anything else. And then

708
00:32:39,680 --> 00:32:43,360
Speaker 5: I think my next step would be getting serious about investing.

709
00:32:44,000 --> 00:32:46,400
Speaker 2: What grade would our learning how to float money diarists

710
00:32:46,520 --> 00:32:48,240
Speaker 2: give her money habits.

711
00:32:48,360 --> 00:32:53,120
Speaker 5: I would probably give myself a C minus it previously

712
00:32:53,160 --> 00:32:56,360
Speaker 5: would have been like a D or even an F.

713
00:32:57,320 --> 00:32:59,560
Speaker 5: But yeah, I still have a long way to go,

714
00:33:00,440 --> 00:33:03,760
Speaker 5: but I've definitely come quite far. One of the main

715
00:33:03,800 --> 00:33:07,080
Speaker 5: things I wanted to even do this is because there

716
00:33:07,120 --> 00:33:09,440
Speaker 5: are people that have been in my situation that just

717
00:33:09,480 --> 00:33:11,680
Speaker 5: think that there's no way out, Like they just think

718
00:33:11,720 --> 00:33:15,000
Speaker 5: I'm too far in. There's no way I can do this,

719
00:33:15,120 --> 00:33:17,080
Speaker 5: There's no way I can save because I have that

720
00:33:17,160 --> 00:33:21,160
Speaker 5: exact same mentality until like my amazing friend put me

721
00:33:21,200 --> 00:33:24,880
Speaker 5: onto this podcast in the group. You can always go further.

722
00:33:24,960 --> 00:33:27,240
Speaker 5: You can always do it. You've just got to have

723
00:33:27,400 --> 00:33:29,040
Speaker 5: the people and the support behind you.

724
00:33:29,160 --> 00:33:32,200
Speaker 2: Alrighty V, what did you make of twenty four? Previously

725
00:33:32,280 --> 00:33:34,880
Speaker 2: drowning and now staying afloat? I think that was her name?

726
00:33:35,040 --> 00:33:35,600
Speaker 2: What did you think?

727
00:33:35,640 --> 00:33:37,760
Speaker 1: That was probably the longest name we've had, but I

728
00:33:37,840 --> 00:33:40,920
Speaker 1: challenge to other people to make longer and more confusing names.

729
00:33:40,920 --> 00:33:43,080
Speaker 1: But I really liked it. I just felt like this

730
00:33:43,240 --> 00:33:46,080
Speaker 1: was such an empowering story that a lot of people

731
00:33:46,080 --> 00:33:49,600
Speaker 1: in our community can probably relate to forty thousand dollars

732
00:33:49,600 --> 00:33:51,680
Speaker 1: worth of debt. I think her name sums it up.

733
00:33:51,720 --> 00:33:53,560
Speaker 1: She felt like she was drowning, and I know so

734
00:33:53,680 --> 00:33:57,920
Speaker 1: many people in this situation who that's exactly how they feel.

735
00:33:58,160 --> 00:34:01,120
Speaker 1: I'm also incredibly proud of her for doing this, because

736
00:34:01,160 --> 00:34:03,040
Speaker 1: it takes a lot to actually pull your head out

737
00:34:03,040 --> 00:34:05,160
Speaker 1: of the sand and say that you need to change.

738
00:34:05,400 --> 00:34:07,560
Speaker 1: And I know she mentioned and it was very sweet

739
00:34:07,560 --> 00:34:10,399
Speaker 1: of her to do so the podcast. But as much

740
00:34:10,440 --> 00:34:12,080
Speaker 1: as you and I can talk about these things, I

741
00:34:12,120 --> 00:34:14,600
Speaker 1: think you actually have to be open to the feedback

742
00:34:14,640 --> 00:34:16,760
Speaker 1: and you have to be open to taking these things

743
00:34:16,760 --> 00:34:18,960
Speaker 1: on because there are so many people out there that

744
00:34:19,080 --> 00:34:21,279
Speaker 1: you know, maybe have been recommended to get some help,

745
00:34:21,360 --> 00:34:24,120
Speaker 1: or you know someone suggested listening to a podcast and

746
00:34:24,160 --> 00:34:26,160
Speaker 1: they just say no, no, no, like at the end

747
00:34:26,200 --> 00:34:29,279
Speaker 1: of the day, like you are the reason for change.

748
00:34:29,480 --> 00:34:32,680
Speaker 1: It's also just such a nice story of someone actively

749
00:34:32,760 --> 00:34:35,719
Speaker 1: working towards changing their money story, and like, how cool

750
00:34:35,800 --> 00:34:36,040
Speaker 1: is that?

751
00:34:36,520 --> 00:34:37,279
Speaker 3: Extremely cool?

752
00:34:37,320 --> 00:34:40,600
Speaker 2: And I love that she credits UV and the listening

753
00:34:40,680 --> 00:34:43,000
Speaker 2: to this podcast to kind of get her started on

754
00:34:43,080 --> 00:34:45,319
Speaker 2: this new journey. And it is amazing, like to be

755
00:34:45,360 --> 00:34:49,400
Speaker 2: in forty grand worth of debt and to work yourself

756
00:34:49,440 --> 00:34:51,640
Speaker 2: out of that. I think she said half of it

757
00:34:51,680 --> 00:34:53,200
Speaker 2: is now gone, which is amazing.

758
00:34:53,520 --> 00:34:55,400
Speaker 1: Yeah, she said half of it was gone, and like

759
00:34:55,480 --> 00:34:56,680
Speaker 1: that feels just crazy.

760
00:34:56,800 --> 00:34:59,040
Speaker 2: Oh it does. But imagine I can imagine being in

761
00:34:59,080 --> 00:35:01,200
Speaker 2: that situation and just feeling like, well, there's no use

762
00:35:01,200 --> 00:35:02,640
Speaker 2: to me even trying. I don't want to listen to

763
00:35:02,680 --> 00:35:05,160
Speaker 2: a money podcast, like that makes me depressed. It's better,

764
00:35:05,280 --> 00:35:07,399
Speaker 2: like I'm better off just not acknowledging it and I'll

765
00:35:07,440 --> 00:35:09,880
Speaker 2: just sit here head in the sand, as you say.

766
00:35:10,239 --> 00:35:14,120
Speaker 2: But she's spoken against that, and I think it's really inspiring.

767
00:35:14,320 --> 00:35:17,399
Speaker 1: It's so inspiring and knowing that in twelve months, she's

768
00:35:17,440 --> 00:35:20,959
Speaker 1: gone from forty thousand dollars worth of debt to saying

769
00:35:21,040 --> 00:35:22,799
Speaker 1: that she was you know, I think she said she

770
00:35:22,920 --> 00:35:25,759
Speaker 1: was halfway out. And she has three thousand dollars in

771
00:35:25,840 --> 00:35:28,799
Speaker 1: savings when she's never had more than three hundred dollars. Like,

772
00:35:29,320 --> 00:35:31,239
Speaker 1: I'm so proud of her, Like I want to give

773
00:35:31,280 --> 00:35:33,400
Speaker 1: her a hug and congratulate her, and I want to

774
00:35:33,400 --> 00:35:35,520
Speaker 1: do that to everyone in our community all the time.

775
00:35:35,920 --> 00:35:38,959
Speaker 1: But I just feel like that's so inspiring as well

776
00:35:39,080 --> 00:35:42,319
Speaker 1: and so relatable for our community because it's not as

777
00:35:42,360 --> 00:35:45,200
Speaker 1: though she's making hundreds of thousands of dollars and obviously

778
00:35:45,239 --> 00:35:47,440
Speaker 1: it wouldn't be as challenging to get out of debt.

779
00:35:47,640 --> 00:35:50,480
Speaker 1: Like she's earning sixty grand a year and she's got

780
00:35:50,480 --> 00:35:52,800
Speaker 1: forty thousand dollars worth of debt, like that was going

781
00:35:52,840 --> 00:35:54,880
Speaker 1: to take a very long time to get out of.

782
00:35:55,200 --> 00:35:57,719
Speaker 1: But it sounds like she's making that a priority for her,

783
00:35:58,120 --> 00:35:59,880
Speaker 1: and like that's just really cool.

784
00:36:00,120 --> 00:36:03,040
Speaker 2: Yeah, And she's also really interested in investing, which I

785
00:36:03,080 --> 00:36:04,200
Speaker 2: know will make you happy. V.

786
00:36:04,680 --> 00:36:08,160
Speaker 1: Everybody being interested in investing always makes me super happy.

787
00:36:08,480 --> 00:36:11,120
Speaker 1: But not to be a debbie downer, I do want

788
00:36:11,160 --> 00:36:13,279
Speaker 1: to talk about the end of her money time.

789
00:36:13,440 --> 00:36:14,959
Speaker 2: This is what I was going to ask you about.

790
00:36:14,960 --> 00:36:19,320
Speaker 2: So she made sure she buys something that she loves

791
00:36:19,400 --> 00:36:21,480
Speaker 2: and then she buys ten of it in different colors

792
00:36:21,480 --> 00:36:23,600
Speaker 2: because she loves it. And she does the same thing

793
00:36:24,000 --> 00:36:26,120
Speaker 2: with makeup, so she has the whole collection even though

794
00:36:26,120 --> 00:36:29,520
Speaker 2: she doesn't really wear makeup. So what's going on there?

795
00:36:29,600 --> 00:36:30,360
Speaker 3: Ving your opinion?

796
00:36:30,520 --> 00:36:34,240
Speaker 1: So I obviously never have an opinion on someone else's

797
00:36:34,320 --> 00:36:36,840
Speaker 1: values because that is absolutely not my place, nor is

798
00:36:36,840 --> 00:36:39,120
Speaker 1: there anybody else's place to have an opinion on someone

799
00:36:39,120 --> 00:36:41,719
Speaker 1: else's values and choices that they make, because we've never

800
00:36:41,760 --> 00:36:44,840
Speaker 1: walked a mile in their shoes. But she literally said

801
00:36:44,960 --> 00:36:47,680
Speaker 1: that she doesn't use them and she doesn't really know why.

802
00:36:47,960 --> 00:36:49,920
Speaker 1: So I think that for me, if I was in

803
00:36:49,920 --> 00:36:52,040
Speaker 1: that situation, I would want to do a little bit

804
00:36:52,080 --> 00:36:55,000
Speaker 1: of self reflection and like write down what types of

805
00:36:55,040 --> 00:36:57,279
Speaker 1: feelings I get when I do those things. Is it

806
00:36:57,320 --> 00:36:59,959
Speaker 1: security that you're looking for when you buy lots of things?

807
00:37:00,120 --> 00:37:01,919
Speaker 1: Is that like a feeling of fomo that you love

808
00:37:01,960 --> 00:37:03,680
Speaker 1: this item and you never want it to run out,

809
00:37:03,719 --> 00:37:07,160
Speaker 1: therefore you get multiple of them, Like I definitely can

810
00:37:07,719 --> 00:37:11,200
Speaker 1: relate to purchasing multiple of things. Like if I love

811
00:37:11,239 --> 00:37:14,080
Speaker 1: a pair of work shoes that are super comfortable, like

812
00:37:14,160 --> 00:37:16,279
Speaker 1: you best believe I'll gone by them in neod as well,

813
00:37:16,640 --> 00:37:20,160
Speaker 1: So I get the feeling. But I also think that

814
00:37:20,600 --> 00:37:22,600
Speaker 1: having a bit of a sit down and understanding your

815
00:37:22,640 --> 00:37:24,960
Speaker 1: own mindset when it comes to stuff like that, and

816
00:37:25,320 --> 00:37:27,120
Speaker 1: maybe taking a bit of a leaf out of that

817
00:37:27,320 --> 00:37:30,600
Speaker 1: minimalism kind of lifestyle and working out like do I

818
00:37:30,680 --> 00:37:33,120
Speaker 1: actually need these things? Like why am I purchasing them?

819
00:37:33,360 --> 00:37:35,600
Speaker 1: And then maybe writing a list of things that you

820
00:37:35,640 --> 00:37:37,960
Speaker 1: could have purchased instead, or things that you could have

821
00:37:38,000 --> 00:37:42,160
Speaker 1: achieved instead that you can keep handy next time you want.

822
00:37:41,920 --> 00:37:42,319
Speaker 4: To do that.

823
00:37:42,880 --> 00:37:44,239
Speaker 1: And I think that that could be a way that

824
00:37:44,280 --> 00:37:46,160
Speaker 1: you could combat it. But at the end of the day,

825
00:37:46,200 --> 00:37:48,600
Speaker 1: like if that's what makes it super happy, like who

826
00:37:48,680 --> 00:37:50,640
Speaker 1: am I to judge? But at the same time, it's

827
00:37:50,680 --> 00:37:53,719
Speaker 1: obviously not financially productive, exactly right.

828
00:37:54,560 --> 00:37:57,680
Speaker 2: Last question for you, V was her grade. I think

829
00:37:57,719 --> 00:38:00,000
Speaker 2: it was a C minus. Did you have any thought

830
00:38:00,160 --> 00:38:00,400
Speaker 2: on that?

831
00:38:00,640 --> 00:38:04,399
Speaker 1: I think that's epic progress, especially given twelve months ago

832
00:38:04,440 --> 00:38:06,440
Speaker 1: she said she would have given herself an f like

833
00:38:06,520 --> 00:38:08,359
Speaker 1: look where she's going to be in another twelve months,

834
00:38:08,400 --> 00:38:10,440
Speaker 1: And I think that that's what we should always be doing.

835
00:38:10,560 --> 00:38:13,000
Speaker 1: We should always be looking forward and looking towards what

836
00:38:13,120 --> 00:38:15,440
Speaker 1: future us can actually achieve. And I just think that

837
00:38:15,520 --> 00:38:18,279
Speaker 1: it's honestly so inspiring. I cannot wait to hear that

838
00:38:18,320 --> 00:38:21,200
Speaker 1: she's gotten out of debt and she's started investing and

839
00:38:21,320 --> 00:38:24,200
Speaker 1: doing all of these other things. But what I really

840
00:38:24,239 --> 00:38:26,680
Speaker 1: loved about this story is that she has three thousand

841
00:38:26,680 --> 00:38:29,560
Speaker 1: dollars in saving and I think that that's really important

842
00:38:29,600 --> 00:38:32,000
Speaker 1: if you're in debt as well, Like having an emergency

843
00:38:32,040 --> 00:38:35,000
Speaker 1: fund is going to help you feel super empowered while

844
00:38:35,000 --> 00:38:37,120
Speaker 1: you're getting out of debt, so you don't just feel

845
00:38:37,120 --> 00:38:39,840
Speaker 1: like you're always stuck in a rut. So for me,

846
00:38:40,120 --> 00:38:43,120
Speaker 1: I really liked this story purely because it's so inspirational.

847
00:38:43,480 --> 00:38:45,760
Speaker 1: But there's obviously things that all of us could.

848
00:38:45,640 --> 00:38:48,600
Speaker 3: Fix exactly right they I reckon.

849
00:38:48,640 --> 00:38:51,239
Speaker 1: That's the end of the show, me too. But just

850
00:38:51,280 --> 00:38:53,600
Speaker 1: before we head off, we'd like to acknowledge and pay

851
00:38:53,640 --> 00:38:57,239
Speaker 1: respects to Australians, Aboriginal and torrest Rate Islander people's the

852
00:38:57,320 --> 00:39:00,400
Speaker 1: traditional custodians of the lands, the waterways and the guys

853
00:39:00,400 --> 00:39:03,040
Speaker 1: all across Australia. We thank you for sharing and for

854
00:39:03,080 --> 00:39:05,239
Speaker 1: carrying on the land which we are able to learn.

855
00:39:05,560 --> 00:39:08,040
Speaker 1: We pay our respects to elders pastor present, and we

856
00:39:08,120 --> 00:39:10,200
Speaker 1: share our friendship and our kindness.

857
00:39:10,280 --> 00:39:12,200
Speaker 3: Now for the boring staff.

858
00:39:12,239 --> 00:39:14,680
Speaker 2: The advice shared on sheers on the money is general

859
00:39:14,719 --> 00:39:18,279
Speaker 2: in nature and does not consider your individual circumstances. She

860
00:39:18,400 --> 00:39:21,160
Speaker 2: is on the money exists purely for educational purposes and

861
00:39:21,200 --> 00:39:23,800
Speaker 2: should not be relied upon to make an investment or

862
00:39:23,880 --> 00:39:27,840
Speaker 2: financial decision. And we promise Victoria to find is Riggie

863
00:39:27,960 --> 00:39:32,520
Speaker 2: Ditch's an authorized representative of Australia Pacific Funds Management Proprietly

864
00:39:32,560 --> 00:39:35,560
Speaker 2: Limited ABN three four one three two four six three

865
00:39:35,600 --> 00:39:38,799
Speaker 2: two five seven AFSL three three nine one five one.

866
00:39:39,040 --> 00:39:41,880
Speaker 2: And thank you, of course to Ryan John, our producer,

867
00:39:41,960 --> 00:39:44,800
Speaker 2: for putting it together today's show like it's quite last minute,

868
00:39:44,800 --> 00:39:45,520
Speaker 2: So thanks Brian.

869
00:39:45,920 --> 00:39:50,480
Speaker 1: Cheers Joan, It's Tuesday night. But you know what, guys,

870
00:39:50,480 --> 00:39:52,840
Speaker 1: if you're still listening, I would love it if you

871
00:39:52,920 --> 00:39:56,280
Speaker 1: joined our Facebook group where our community of How exciting

872
00:39:56,360 --> 00:39:59,320
Speaker 1: is this? More than one hundred thousand people share money

873
00:39:59,360 --> 00:40:02,360
Speaker 1: tips in Trey every single day, free of judgment and Georgia.

874
00:40:02,440 --> 00:40:04,680
Speaker 1: What I'm most surprised about that is it still feels

875
00:40:04,680 --> 00:40:06,560
Speaker 1: like a small family. I know like it does not

876
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Speaker 1: feel like there's one hundred thousand people in there, but

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00:40:08,960 --> 00:40:11,640
Speaker 1: maybe that's just me. So if you want to join us,

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00:40:11,680 --> 00:40:13,880
Speaker 1: search She's on the Money on Facebook and join if

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00:40:13,880 --> 00:40:16,000
Speaker 1: Facebook's not your thing or you want us on all platforms.

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00:40:16,080 --> 00:40:18,080
Speaker 1: Are also on Instagram, where it's She's on the Money

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00:40:18,120 --> 00:40:22,200
Speaker 1: a US and guys, subtle plug, not so subtle plug.

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00:40:22,239 --> 00:40:24,560
Speaker 1: If you're on TikTok, give me a follow. I'm make

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00:40:24,719 --> 00:40:25,680
Speaker 1: terrible TikTok.

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Speaker 2: Sure follow, and finally, don't forget to vote in the

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00:40:30,200 --> 00:40:32,520
Speaker 2: Listener Choice Awards for the Podcast Awards.

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00:40:32,520 --> 00:40:33,399
Speaker 3: Help you girls out.

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00:40:33,560 --> 00:40:36,080
Speaker 2: We would love that from you.

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00:40:36,120 --> 00:40:38,040
Speaker 3: No pressure, but heaps of pressure.

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Speaker 1: Heaps of pressure. Links in the show notes. See you

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Speaker 1: next week, friends, see you next week,