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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud Yr the

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Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it. She's on the Money, She's on

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Speaker 1: the Money. Hello, and welcome to She's on the Money,

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Speaker 1: the podcast for millennials who want financial freedom. Welcome back

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Speaker 1: to another one of our money diaries where we get

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Speaker 1: to talk with one of our incredible She's on the

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Speaker 1: Money community members all about their journey. Let's jump straight

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Speaker 1: into it. This week we got a message and before

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Speaker 1: I read it out, I just want to give you

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Speaker 1: a little bit of a content warning because today we're

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Speaker 1: going to be talking about substance abuse, mental health struggles,

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Speaker 1: and suicidal ideation. And if that's not an episode that

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Speaker 1: you're ready to hear, or you're not in the right

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Speaker 1: mind frame, pop on over to one of our other episodes.

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Speaker 1: We have so many of them for you, But for

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Speaker 1: those of you who are still here and still listening,

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Speaker 1: the message sounded a little like this. Hi, Victoria, I

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Speaker 1: have a few mental health diagnoses and have gone from

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Speaker 1: living off Scentlink, being addicted to drugs and partying, to

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Speaker 1: studying psychology and earning close to ninety thousand dollars a year.

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Speaker 1: After a really tough period in my life, it is

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Speaker 1: finally changing for the better in every way. I now

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Speaker 1: work in foster care and am the proud mama to which

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Speaker 1: you're and I hope my story can open up conversations

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Speaker 1: and destigmatize mental health struggles for others in the community.

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Speaker 1: Money Diarist, what a good story to be sharing with us,

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Speaker 1: Welcome to the show, Thanks for coming.

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Speaker 3: Thanks for having me. I'm super excited.

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Speaker 1: To be here. I'm super excited that you're here. But

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Speaker 1: I'm also super excited to talk to you about your journey.

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Speaker 1: I feel like that is a literal one to eighty.

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Speaker 1: You have absolutely flipped the trajectory of your life. Is

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Speaker 1: that exciting for you? I know that's not the question

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Speaker 1: I'm meant to be asking, but like, it just must

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Speaker 1: be so exciting hearing that read out, like hearing where

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Speaker 1: you've come from and where you're going.

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Speaker 3: Yeah, when I look at where I was a few

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Speaker 3: years ago to where I am now, it's a little

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Speaker 3: bit unbelievable, to be honest. Yeah, I'm very proud of

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Speaker 3: myself and it's a pretty good feeling to be able

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Speaker 3: to make my family proud of me and hear them

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Speaker 3: say that they're proud of me, and yeah, life's completely

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Speaker 3: changed for the better. And I just hope that sharing

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Speaker 3: my story can inspire other people to know that they

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Speaker 3: can do it too.

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Speaker 1: Oh my gosh, I already know it is. You gave

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Speaker 1: me grease bumps when you said, here's hearing my family

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Speaker 1: say that they're proud of me, Like, I'm proud of

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Speaker 1: you too. I want to jump on that train. That

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Speaker 1: is such an epic progression. Let's get into the questions, though,

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Speaker 1: because I have a million and one things that I

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Speaker 1: want to ask. But first things first, let's ask if

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Speaker 1: we asked you to give yourself a grade for your

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Speaker 1: money habits from A through F, what would that grade be?

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Speaker 3: I would say currently about a C a few years ago,

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Speaker 3: probably an F.

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Speaker 1: I feel like that's fair progression, and I'm going to

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Speaker 1: learn a little bit why you think it a C.

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Speaker 1: But let's start with my favorite question. Can you tell

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Speaker 1: me a little bit more about your money story?

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Speaker 3: God, this is a really good question. So growing up,

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Speaker 3: I grew up with my mom, was a single parent

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Speaker 3: for most of my childhood. My mom and my dad

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Speaker 3: split up when I was quite young. I think I

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Speaker 3: was about four years old. Mum worked for a bit,

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Speaker 3: but she has always worked on and off and has

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Speaker 3: been on Sundlink and has been on a stability support

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Speaker 3: pension for probably over ten years now. I started work

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Speaker 3: when I was about fourteen years of age. I work

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Speaker 3: in part time. I'm out of school, and I mainly

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Speaker 3: just spent all the money that I owned, so I

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Speaker 3: didn't really save a cent, and that probably continued up

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Speaker 3: until really last year. I would say. When I finished

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Speaker 3: school and moved out of school, I went and studied

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Speaker 3: for a bit, and that journey looks very up and

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Speaker 3: down over quite a few years. Because of my own

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Speaker 3: mental health, I went through a lot of change. I

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Speaker 3: moved to different towns and cities, I changed careers many times,

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Speaker 3: dropped out of UNI and different things like that, and

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Speaker 3: then I've come to where I am now, where I

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Speaker 3: would say that I work hard for my money. I

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Speaker 3: do spend a bit of money, and I try to

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Speaker 3: save a little bit of money, and I also give

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Speaker 3: some away when possible to charity or my family.

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Speaker 1: And you think you're a c I've got so much

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Speaker 1: any questions. It sounds like you are absolutely smashing it.

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Speaker 1: Even just you being like, oh, I give some of

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Speaker 1: it away, I'm like, okay, cool. So many people don't

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Speaker 1: do that, and for me, giving is such an important

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Speaker 1: part of our budget because it just makes us feel

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Speaker 1: so good. I'm not surprised, though, knowing the line of

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Speaker 1: work you were in that you give probably more than

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Speaker 1: you should. So talk to us about work. What do

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Speaker 1: you do for work and how much money do you earn?

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Speaker 3: So I work in foster care currently. I have been

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Speaker 3: in the throw for about six months, and I manage

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Speaker 3: the incoming referrals from child protection and make placements. I'm

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Speaker 3: also studying forth your psychology part time. I earn around

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Speaker 3: ninety thousand dollars per year, that's before super I previously

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Speaker 3: worked in mental health for about twenty months in the

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Speaker 3: past three years, I've changed jobs three times and significantly

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Speaker 3: increased my income. So about three years ago i was

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Speaker 3: on Santlelink and work in a pizza shop, and now

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Speaker 3: I'm no longer on Settlink and earning close to ninety

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Speaker 3: thousand a year.

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Speaker 1: I am so excited when you say that, like, close

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Speaker 1: to ninety thousand dollars a year gives you so much

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Speaker 1: opportunity to build the life you deserve and create the

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Speaker 1: life that you want to leave. I want to ask

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Speaker 1: a little bit more about your job, though, because that's

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Speaker 1: a really special area to be in. And I'm sure

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Speaker 1: as somebody and we'll get onto this, but I'm sure

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Speaker 1: as somebody who already struggles with mental health, that might

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Speaker 1: be a little bit more of a struggle. Like I know,

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Speaker 1: as somebody who does have mental health issues myself, I

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Speaker 1: often find dealing in areas that are a little bit heavier,

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Speaker 1: maybe a bit harder for me because I resonate so

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Speaker 1: deeply with those things. Talk to me about the journey

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Speaker 1: of getting into foster care in your experience of it,

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Speaker 1: because as I said, it's such a special area but

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Speaker 1: can be challenging, right.

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Speaker 3: Yeah, definitely presents its challenges, but it's been really rewarding

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Speaker 3: so fast. So I was previously working in mental health,

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Speaker 3: and yeah, needed a change of scenery. So I applied

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Speaker 3: for a job with the agency I'm currently working for,

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Speaker 3: and I've never heard back from them. And then I

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Speaker 3: started work as a disability support worker and then they

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Speaker 3: reached out to me via email and asked if I

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Speaker 3: was still interested in the position, and I said yes,

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Speaker 3: and they interviewed me and then offered me a job,

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Speaker 3: and of course I said yes. I knew it was

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Speaker 3: going to be a life changing job and I've loved

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Speaker 3: every step of the journey so far. It has been

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Speaker 3: really challenging. I do get quite invested in the kids

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Speaker 3: that we work with, but engaging in self care is

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Speaker 3: really important and that's something that I've had to learn

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Speaker 3: over the past few years in my own mental health recovery.

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Speaker 3: You know, I go for walks every day. I talk

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Speaker 3: to my family and friends and talking to my colleagues.

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Speaker 3: And I've been lucky enough in most of my recent

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Speaker 3: workplaces we've had EAP and employee assistance program that we

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Speaker 3: can access. I think it's between three and six sessions

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Speaker 3: three a year. So yeah, when I'm really struggling. I

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Speaker 3: reach out to a psychologist through EAP and have some counseling.

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Speaker 3: But yeah, self care is just really important, you know,

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Speaker 3: working and having those boundaries between your own time and

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Speaker 3: work time. It still does get to me a little bit,

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Speaker 3: but I probably wouldn't have it any other way. I

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Speaker 3: think if it doesn't this sort of work doesn't get

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Speaker 3: to you, you're probably not the right person for it.

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Speaker 3: You need to have a hut.

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Speaker 1: Yeah, I was about to say I could not agree.

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Speaker 1: More Like, if it was somebody who was quite clinical

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Speaker 1: about it, I don't know if I trust them to

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Speaker 1: be honest, Like, if it doesn't affect you, what is

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Speaker 1: going on? You mentioned self care being really important, and

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Speaker 1: I guess looking at the story that you have, it's

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Speaker 1: a bit of a pivot from where you were in

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Speaker 1: the lifestyle that you used to lead. At what point

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Speaker 1: did self care become important to you? And I mean

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Speaker 1: I feel like we talk about it on the pod

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Speaker 1: all the time, right, Like self care is so important

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Speaker 1: for someone who maybe didn't indulge in enough self care historically.

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Speaker 1: What were the things that kind of were the gateway

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Speaker 1: into really caring about self care and being able to

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Speaker 1: take those positive steps and put you first.

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Speaker 3: I think it was had a real turning point a

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Speaker 3: few years ago. I'd been chronically suicidal for probably twelve

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Speaker 3: months or so, every couple of weeks thinking about ending

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Speaker 3: my life and talking about it. And there was one

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Speaker 3: day I always remember this moment. I was on the

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Speaker 3: phone for my mum and she said, I want my

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Speaker 3: daughter back before I die, and that really stuck with me.

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Speaker 3: And yeah, I reached out to the local community mental

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Speaker 3: health and saw a psychiatrist and went back on some antidepressants,

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Speaker 3: which I've had a history of being on and off medication,

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Speaker 3: and I refused to take medication for a few years.

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Speaker 3: And when I went on these particular antidepressants, they were

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Speaker 3: just life changing. Within you know, a few days to

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Speaker 3: a week, we could see the change in myself and

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Speaker 3: I was really positive. And I think that was my

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Speaker 3: real first step towards taking better care of myself is, yeah,

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Speaker 3: going back on medication. Being lucky enough to go straight

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Speaker 3: on the right medication this time and not have to

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Speaker 3: go through the joys of it being the wrong medication

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Speaker 3: and changing medication, because that is so frustrating and hard

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Speaker 3: to deal with. And I think that was one of

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Speaker 3: my biggest probably struggles was knowing that I would probably

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Speaker 3: go through a cycle of taking medication and it not working,

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Speaker 3: and then yeah, getting into the mental health field. I

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Speaker 3: cried when I got offered the job that I did

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Speaker 3: because it was my first job in the industry and

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Speaker 3: that meant I was going to come off set a

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Speaker 3: link and knowing that to be able to maintain full

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Speaker 3: time employment and earn good money and look after other people,

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Speaker 3: I really needed to be taking good care of myself.

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Speaker 3: So yeah, I think that was really crucial in my

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Speaker 3: own journey to looking after myself better.

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Speaker 1: Yeah, I feel like that's so important as well. And

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Speaker 1: what you touched on about going on the wrong medication,

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Speaker 1: that can be terrifying because it's not a good experience

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Speaker 1: at all. Anythink that that's something that stops people from

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Speaker 1: actually taking the steps they need to take because they're like,

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Speaker 1: surely my current state is better than being on the

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Speaker 1: wrong medication, But we actually have to go through the

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Speaker 1: absolute shit storm that that is sometimes to get out

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Speaker 1: the other end and see the light at the end

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Speaker 1: of the tunnel. And I've been through that. It is

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Speaker 1: horrendous if it is the wrong medication, but with good

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Speaker 1: doctors and good support like you come off it immediately

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Speaker 1: the second it starts not working for you. You mentioned

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Speaker 1: obviously suicidal ideation. That's a terrible position to be in

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Speaker 1: and something that it just makes me want to wrap

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Speaker 1: you up and be like no, like you're so special

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Speaker 1: and listen to your story. Like past you would be

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Speaker 1: shocked about where you are now. Where does mental health

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Speaker 1: stem from for you? So obviously it's not been something

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Speaker 1: that just popped up randomly. Is that something you've struggled

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Speaker 1: with your whole life? Well, where does this come from?

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Speaker 3: Yeah? So when I was a teenager, I'm pretty sure

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Speaker 3: I was diagnosed with anxiety and depression. When I look

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Speaker 3: back now, I can sort of see underlying traits of

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Speaker 3: borderline personality disorder from when I was a teenager. My

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Speaker 3: mom has struggled with mental health problems throughout her life

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Speaker 3: as well, and my dad did as well, so it

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Speaker 3: sort of runs in the family. But I do think

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Speaker 3: there's a fair bit of trauma that I probably went

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Speaker 3: through in my teenage years and early life that resulted

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Speaker 3: in my mental health becoming the way it did as

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Speaker 3: I grew older and during my years of substance abuse

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Speaker 3: and partying. The roles for traumas that added to that

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Speaker 3: trauma that already existed. So I think a lot of it.

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Speaker 3: You know, there's genetic components to it, and then the

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Speaker 3: trauma that I've experienced in life as well.

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Speaker 2: Yeah.

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Speaker 1: Absolutely, So now you've pivoted. You've gone from being addicted

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Speaker 1: to rugs and partying, you're now studying psych and earning

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Speaker 1: ninety grand, which is wild. So I want to know

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Speaker 1: what is your big money goal. What are we working

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Speaker 1: towards at the moment.

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Speaker 3: Apparrently, I'm working towards building up a decent emergency fund

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Speaker 3: and savings account, a bit of both in the one account.

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Speaker 3: So I currently have a few thousand dollars and I've

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Speaker 3: been able to maintain that for a little while now,

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Speaker 3: which is quite nice. But yeah, I do need it

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Speaker 3: to be bigger than what it is. I probably need

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Speaker 3: it to be that six month emergency fund that often

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Speaker 3: hear people talk about. And I also want to pay

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Speaker 3: off my car loan and possibly work towards buying a home.

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Speaker 3: I'm still really undecided on that, So that's something that's

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Speaker 3: in the back of my mind.

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Speaker 1: That's not something you have to decide on right here

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Speaker 1: and now. In fact, just saving puts you ahead to

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Speaker 1: achieving a goal once you decide the goal is there.

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Speaker 1: Have there been any I guess, pivotal moments when you

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Speaker 1: know you said before I have a few thousand dollars

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Speaker 1: in a savings account and stayed there. Obviously I want

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Speaker 1: to get up to that six month mark. Have you

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Speaker 1: ever just looked at it and been like, Wow, this

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Speaker 1: is not where I thought I would be, even though

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Speaker 1: its few thousand dollars, even though they're quote to you

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Speaker 1: not enough like, have you ever been like, Wow, this

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Speaker 1: is not a position I thought I would be in.

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Speaker 3: Yeah, I certainly have many times. I'm back in December

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Speaker 3: of last year. I think I had close to four

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Speaker 3: or five thousand in savings and I decided to buy

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Speaker 3: myself at Chiuahua. And she's been an absolute bundle of joy.

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Speaker 1: That's a good investment, That is an amazing.

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Speaker 3: Yeah, she's beautiful and she gives me lots of joy

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Speaker 3: and love. But that's a position I never thought I

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Speaker 3: would be in. And I never thought I would be

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Speaker 3: in the position where I could even consider buying a house.

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Speaker 3: A few years ago, I always said to my family,

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Speaker 3: I'm never going to buy a property, and now I

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Speaker 3: talk about it on and off and I listened to

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Speaker 3: the podcast all the time, and I think, you know,

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Speaker 3: maybe I should see a financial advisor or a mortgage

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Speaker 3: broker one day. And yeah, whereas a few years ago,

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Speaker 3: that's something I couldn't see for myself living on settling

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Speaker 3: and I was realistically considering the disability pension at one

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Speaker 3: point in my life. So to go from that, yeah,

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Speaker 3: not being on settlink and sustaining full time employment and

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Speaker 3: having money in my savings account, it's absolutely wild.

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Speaker 1: Oh my gosh, it makes me so happy for you.

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Speaker 1: Like literally, I can see that you're glowy and heavy

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Speaker 1: and smiley, and when you talk about it, I can

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Speaker 1: tell that you're so proud of yourself, and that is

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Speaker 1: the part that makes me so excited. I have a

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Speaker 1: million questions. Let's go to a really quick break and

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Speaker 1: on the other side, I'm going to deep dive straight

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Speaker 1: into them. All right, money diarist, we are back, and

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Speaker 1: I am so excited to talk to you. My next question,

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Speaker 1: I want to know you've got some savings. Do you

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Speaker 1: have an emergency fund? Do you have any investments though,

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Speaker 1: If so, what are they?

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Speaker 3: So I only have my superannuation, which is currently around

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Speaker 3: sixteen and a half thousand dollars. I did access my

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Speaker 3: SUPER when I was younger through financial hardship, so I'm

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Speaker 3: sort of just working on building that up and I'm

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Speaker 3: making the occasional voluntary contribution of an extra fifty dollars

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Speaker 3: here or twenty five dollars there. I would like to

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Speaker 3: probably end up investing in shares or something like that,

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Speaker 3: but I feel like being that I have a car

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Speaker 3: debt at the moment, and yeah, focusing on building my

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Speaker 3: super backup, it's not a high priority.

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Speaker 1: I feel like that's a good position to be in,

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Speaker 1: and I think it's actually really well balanced. Like sometimes

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Speaker 1: we talk to people and they're like, no, but it's

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Speaker 1: like my biggest priority, and I'm like, no, it's not.

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Speaker 1: If you have a car debt, let's, you know, sort

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Speaker 1: out your financial house first. You mentioned that you claimed

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Speaker 1: historically on a financial hardship payment through superannuation, and I

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Speaker 1: think a lot of us have heard of that only

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Speaker 1: recently when it came to people claiming money out of

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Speaker 1: their super during COVID. How did that come about? Was

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Speaker 1: that something that was suggested to you or you decided

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Speaker 1: to go through what was the process there.

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Speaker 3: Like, Yeah, so that's something I decided to go through,

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Speaker 3: and I sort of knew about it because my mum

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Speaker 3: has done it. Well. Looking back, you know, it probably

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Speaker 3: wasn't the best decision to make. I probably did spend

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Speaker 3: a bit of that money in an unwise manner. I

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Speaker 3: honestly don't remember how I spent it all because all

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Speaker 3: the trauma has sort of distorted my memory, but I

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Speaker 3: know that I printed out the forms from my supercompany,

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Speaker 3: and I went to my doctor and got supporting documentation

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Speaker 3: from my doctor saying, you know that I've been struggling

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Speaker 3: with my mental health, and they sort of did a

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Speaker 3: bit of a spiel and I had to prove that

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Speaker 3: I was on Senlink for so long, which I had been,

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Speaker 3: and I was just on Senlink at that point in

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Speaker 3: time and not working. So I submitted that documentation and

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Speaker 3: showed that I had no savings. And yeah, it was

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Speaker 3: a pretty straightforward process. It was probably, yeah, five or

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Speaker 3: six years ago that I applied for my super So

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Speaker 3: the memory is a bit hazy, but yeah, so that

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Speaker 3: eight off a fair chunk of my super I think

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Speaker 3: I withdrew about would have been up to maybe ten thousand,

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Speaker 3: and I think they taxed me two and a half,

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Speaker 3: so I think I got about seven thousand out when

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Speaker 3: I did withdraw it. But now that I'm working again,

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Speaker 3: I've been able to contribute and build that back up,

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Speaker 3: so hopefully I can get it up to where it

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Speaker 3: should be in the next few years.

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Speaker 1: One hundred percent. And as much as you're saying, oh

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Speaker 1: my gosh, I probably fretted away some of that, I

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Speaker 1: do think it's really important that we have access to that.

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Speaker 1: And I know that it's not something that you would

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Speaker 1: lean on immediately, but if you're going through a financial hardship,

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Speaker 1: I do think it's important that you understand that that's

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Speaker 1: an option, because as much as it is taking away

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Speaker 1: from your retirement savings and like that's not the best

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Speaker 1: thing in the world, it's actually better than you're going

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Speaker 1: into personal debt. It's actually better to be able to

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Speaker 1: do that and set yourself up. And I know that

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Speaker 1: money direst You're like, oh, I don't even know what

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Speaker 1: was going on. It was a traumatic period of my life.

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Speaker 1: I totally get that, but I don't think we should

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Speaker 1: look back on it and go, oh my gosh, that

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Speaker 1: was you know, a really bad decision. I think in

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Speaker 1: the moment, we do what's best for current self, and

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Speaker 1: you know today obviously you've mentioned historically that you listen

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Speaker 1: to the pod and that's really great, and I'm assuming

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Speaker 1: that that just means you're far more educated than you

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Speaker 1: were historically, and past you wouldn't make the same decisions

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Speaker 1: the current you does. But we shouldn't crucify past you

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Speaker 1: for the decisions that you made, because I think she

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Speaker 1: was just doing the best thing that she could for

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Speaker 1: you at that time, right, she was just getting by

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Speaker 1: and getting stuff done.

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Speaker 3: Yeah, doing what I needed to do to survive at

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Speaker 3: that point.

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Speaker 1: In time exactly. And I think that we really need

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Speaker 1: to acknowledge that a bit more too, because I think

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Speaker 1: that sometimes when we say, oh, I access my super,

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Speaker 1: there seems to be this like idea of shame that

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Speaker 1: surrounds it, or this idea that that's really naughty or

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Speaker 1: that's really bad, or that's not the best decision. But

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Speaker 1: sometimes you just do what you've got to do and

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Speaker 1: we've got to get by. And I love that you've

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Speaker 1: got a plan in place at the moment. You're like,

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Speaker 1: I'm trying to work out my super and you build

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Speaker 1: it back up, like what goes around comes around. You

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Speaker 1: mentioned before you have car debt, So talk to me

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Speaker 1: about debts. What debts do you have and how much

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Speaker 1: have you got left on them?

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Speaker 3: So that's a good question. So I currently have a

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Speaker 3: car loan. I currently owe about thirty two and a

398
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Speaker 3: half thousand. I financed that for just sun to forty

399
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Speaker 3: five thousand. About two years ago. I sort of decided

400
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Speaker 3: I needed to treat myself to a brand new car,

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Speaker 3: and I wanted the best looking car, the top model

402
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Speaker 3: one that I could get. So I did that. Probably

403
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Speaker 3: not the smartest decision, but I've been able to maintain

404
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Speaker 3: my repayments on that, so I'm happy with that. I

405
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Speaker 3: do have a quite a hefty heck set, which is

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Speaker 3: sitting around eighty to ninety thousand dollars at the moment.

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Speaker 1: Oh she's big.

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Speaker 3: Yeah, that'll happen when you study psychology, you drop out

409
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Speaker 3: of UNI a few times.

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Speaker 1: I can absolutely resonate with that. My psych degree is

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Speaker 1: added up. And then I was dumb enough to think

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Speaker 1: a master's degree would be a really good idea without

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Speaker 1: considering how expensive they are, And they're like three or

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Speaker 1: four times the cost of a normal bachelor's degree, so

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Speaker 1: that was really good for me financially. So when you

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Speaker 1: say eighteen and eighty k, I'm like, cool, she hasn't

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Speaker 1: even cracked the one hundred grand yet. I'm way past that.

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Speaker 3: That's probably going to happen in the next twelve months.

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Speaker 3: So I'm a little scared. But at least it's a debt,

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Speaker 3: you know, you don't really ever have to pay back.

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Speaker 1: Yeah. Look, it's one of those debts that isn't going

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Speaker 1: to laud over you.

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Speaker 3: Yeah. And I also have a trade support loan just

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00:21:25,080 --> 00:21:28,639
Speaker 3: under two thy three hundred. That's from when I was

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Speaker 3: trying to be an apprentic chef at one point in

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Speaker 3: my life. So those debts will sit under I think

427
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Speaker 3: the ATO, so they're not something that I have to

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Speaker 3: pay back right now.

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Speaker 1: And they're taken out of tax and planned. I actually

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Speaker 1: kind of like that structure in a way because it's forced,

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Speaker 1: like it's not a payment that you make every single

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Speaker 1: week and gets dressed over. It actually comes out pre tax,

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Speaker 1: which I don't know. That's kind of kind of smash.

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Speaker 1: And I don't think that the decisions that you've made

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Speaker 1: have been the worst ones. I do want to know, though, like,

436
00:21:56,800 --> 00:21:58,680
Speaker 1: if you're telling me you got the top of range car,

437
00:21:58,800 --> 00:22:00,520
Speaker 1: like what kind of car do you drive? Because at

438
00:22:00,520 --> 00:22:02,520
Speaker 1: the moment, I'm looking for a new car, and I

439
00:22:02,560 --> 00:22:04,480
Speaker 1: didn't realize how expensive they were.

440
00:22:06,480 --> 00:22:09,159
Speaker 3: So I have a Forward Puma, the top model, so

441
00:22:09,200 --> 00:22:12,640
Speaker 3: it's got leather seats and a sunroof and a good

442
00:22:12,680 --> 00:22:15,480
Speaker 3: sound system. And I bought that. I think it was

443
00:22:15,520 --> 00:22:17,840
Speaker 3: at the start of COVID it was really hard to

444
00:22:17,880 --> 00:22:20,480
Speaker 3: get cars, and yeah, I was looking around at a

445
00:22:20,480 --> 00:22:23,360
Speaker 3: few different cars and my old car was pretty much

446
00:22:23,400 --> 00:22:25,119
Speaker 3: ready to break down, and I was like, no, I

447
00:22:25,160 --> 00:22:26,880
Speaker 3: need a car now, and I didn't want to wait

448
00:22:26,920 --> 00:22:29,920
Speaker 3: six or twelve months for it. So I test rove

449
00:22:29,960 --> 00:22:32,880
Speaker 3: the Ford Puma and fell in love with it, and yeah,

450
00:22:33,040 --> 00:22:34,439
Speaker 3: it's been my baby ever since.

451
00:22:35,880 --> 00:22:37,800
Speaker 1: And it's got a cute name. Ten out of ten,

452
00:22:38,280 --> 00:22:40,159
Speaker 1: all right, I want to know, when it comes to

453
00:22:40,200 --> 00:22:43,080
Speaker 1: money habits, what do you think your best money habit is?

454
00:22:43,440 --> 00:22:46,120
Speaker 3: So my best money habit is having a savings account

455
00:22:46,160 --> 00:22:49,080
Speaker 3: that I don't have online banking for, I have no

456
00:22:49,160 --> 00:22:52,240
Speaker 3: debit card for, and that I can only access if

457
00:22:52,240 --> 00:22:55,560
Speaker 3: I physically go into the banks. So I transfer money

458
00:22:55,600 --> 00:22:58,320
Speaker 3: into that account, but I can never check the balance

459
00:22:58,480 --> 00:23:01,159
Speaker 3: or withdrawal from it unless I go physically into the bank.

460
00:23:01,200 --> 00:23:03,399
Speaker 3: And that's the only way I've been able to save money,

461
00:23:03,440 --> 00:23:04,880
Speaker 3: and it's been life changing.

462
00:23:05,080 --> 00:23:07,120
Speaker 1: All Right, You're going to have to share that with us,

463
00:23:07,160 --> 00:23:09,800
Speaker 1: because I feel like I've been asked that question before,

464
00:23:09,840 --> 00:23:14,119
Speaker 1: and every single bank these days is online. Which bank

465
00:23:14,240 --> 00:23:16,360
Speaker 1: is that with? And how did you set that up?

466
00:23:16,560 --> 00:23:19,200
Speaker 3: So it's with the Bendigo Bank. I set it up,

467
00:23:19,840 --> 00:23:23,200
Speaker 3: oh god, maybe six or seven years ago with my mom,

468
00:23:23,200 --> 00:23:25,600
Speaker 3: and I actually got her to co sign the account

469
00:23:25,680 --> 00:23:29,040
Speaker 3: so that I couldn't withdraw without her signature because we

470
00:23:29,119 --> 00:23:31,920
Speaker 3: both knew that I was terrible with money. But then

471
00:23:32,240 --> 00:23:34,440
Speaker 3: me and my mom had a disagreement, so I went

472
00:23:34,440 --> 00:23:37,040
Speaker 3: into the bank and asked to take a signature of it.

473
00:23:37,920 --> 00:23:41,800
Speaker 3: So it's just my signature on it now. But that

474
00:23:41,960 --> 00:23:44,800
Speaker 3: was pretty easy to do, so that was really pointless.

475
00:23:45,200 --> 00:23:47,439
Speaker 3: But yeah, it was. It was really straightforward. Just went

476
00:23:47,480 --> 00:23:49,520
Speaker 3: into the bank, opened up an account. I think I

477
00:23:49,560 --> 00:23:52,000
Speaker 3: have the option to do online banking. I just never

478
00:23:52,040 --> 00:23:54,359
Speaker 3: set it up, and I said I didn't want a

479
00:23:54,359 --> 00:23:56,600
Speaker 3: bank card, so they just gave me, you know, a

480
00:23:56,600 --> 00:23:59,480
Speaker 3: little fold over thing that's got my account number on it,

481
00:23:59,560 --> 00:24:01,760
Speaker 3: and that just sits in my purse and it's great.

482
00:24:02,080 --> 00:24:05,120
Speaker 1: Oh how good. I feel like it's interesting learning how

483
00:24:05,200 --> 00:24:07,880
Speaker 1: other people manage money because we all have different things

484
00:24:07,880 --> 00:24:09,800
Speaker 1: that work for us. And that's why I asked what

485
00:24:09,880 --> 00:24:12,680
Speaker 1: bank is that, because someone's going to hear that and think, wow,

486
00:24:12,760 --> 00:24:15,800
Speaker 1: that is exactly what I need. How do I do it?

487
00:24:15,840 --> 00:24:17,720
Speaker 1: So thank you for sharing. On the flip side, though,

488
00:24:17,760 --> 00:24:20,439
Speaker 1: I need to know what is your worst money habit?

489
00:24:20,520 --> 00:24:21,760
Speaker 1: Please don't say chiu hours.

490
00:24:23,359 --> 00:24:25,359
Speaker 3: Well, she's been a bit of a bad money habit,

491
00:24:25,400 --> 00:24:28,320
Speaker 3: but she's certainly not my worst one. My worst money

492
00:24:28,320 --> 00:24:30,920
Speaker 3: habit is actually also bad for my health, and that's

493
00:24:30,920 --> 00:24:34,760
Speaker 3: probably smoking cigarettes, something I'm not ready to quit right now,

494
00:24:34,960 --> 00:24:38,040
Speaker 3: but I'll work towards it in the future. And then

495
00:24:38,359 --> 00:24:42,040
Speaker 3: impulsive spending and fixating on something and then deciding I'm

496
00:24:42,040 --> 00:24:44,080
Speaker 3: going to get it like a chiuaha.

497
00:24:44,480 --> 00:24:46,399
Speaker 1: That's fair. That's fair. As I said, I think a

498
00:24:46,480 --> 00:24:49,639
Speaker 1: chuaha is a good investment, like to be honest, for

499
00:24:49,800 --> 00:24:52,640
Speaker 1: me and my mental health. My pets do the most,

500
00:24:52,880 --> 00:24:55,600
Speaker 1: like they are the best things in the entire world.

501
00:24:56,280 --> 00:24:58,879
Speaker 1: But you mentioned smoking cigarettes, and I actually want to

502
00:24:58,920 --> 00:25:01,520
Speaker 1: ask because I I am not a smoker and never

503
00:25:01,560 --> 00:25:03,920
Speaker 1: have been a smoker, so I don't understand how much

504
00:25:03,960 --> 00:25:07,439
Speaker 1: they cost today. What are you spending on smoking? How

505
00:25:07,520 --> 00:25:09,080
Speaker 1: much does that actually cost you?

506
00:25:09,480 --> 00:25:14,080
Speaker 3: Yeah, so I smoke rollies because Taylors are super expensive.

507
00:25:14,119 --> 00:25:16,800
Speaker 3: I bought a packet of Taylor's the other week. Yeah,

508
00:25:16,880 --> 00:25:19,119
Speaker 3: I don't know why I did, but anyway, and I

509
00:25:19,160 --> 00:25:21,119
Speaker 3: was gobsmacked by the price. I bought a pack of

510
00:25:21,160 --> 00:25:24,080
Speaker 3: twenties and it was about thirty five dollars. So I

511
00:25:24,280 --> 00:25:28,320
Speaker 3: spend probably about two hundred and twenty dollars a fortnight

512
00:25:28,760 --> 00:25:31,919
Speaker 3: on tobacco. If I was smoking Tailor's that would be

513
00:25:31,960 --> 00:25:32,800
Speaker 3: a lot more than that.

514
00:25:32,960 --> 00:25:35,680
Speaker 1: Oh my gosh, even that makes me feel a little

515
00:25:35,720 --> 00:25:39,080
Speaker 1: bit ill thinking about how much that is. In saying that,

516
00:25:39,160 --> 00:25:41,639
Speaker 1: I also think it's worth recognizing that sometimes we've just

517
00:25:41,640 --> 00:25:43,920
Speaker 1: got habits that, as much as they're not quote really

518
00:25:43,960 --> 00:25:46,240
Speaker 1: good for us. Like obviously it's terrible, and you would

519
00:25:46,240 --> 00:25:48,159
Speaker 1: already know that. I'm not here to change your mind.

520
00:25:48,520 --> 00:25:51,320
Speaker 1: I think, going through what you've gone through, sometimes we

521
00:25:51,359 --> 00:25:53,720
Speaker 1: need to just keep something stable and we need to

522
00:25:53,880 --> 00:25:56,040
Speaker 1: actually just go you know, what it is, what it is.

523
00:25:56,400 --> 00:25:59,160
Speaker 1: At some point we'll deal with that, but until then,

524
00:25:59,680 --> 00:26:02,280
Speaker 1: this is exactly how I'm going to live my life,

525
00:26:02,320 --> 00:26:04,760
Speaker 1: and I think that that's where we should all. I

526
00:26:04,760 --> 00:26:06,879
Speaker 1: guess step back a little bit and go there is

527
00:26:06,920 --> 00:26:09,399
Speaker 1: no judgment here, because I think so many times we

528
00:26:09,480 --> 00:26:13,640
Speaker 1: walk past you, know as you are a stunning female smoking,

529
00:26:13,680 --> 00:26:15,960
Speaker 1: and you go, what is she doing? And it's like, ah,

530
00:26:16,080 --> 00:26:18,879
Speaker 1: sit down, sir, sit down. You don't know half of it.

531
00:26:19,280 --> 00:26:21,480
Speaker 3: Yeah, and you don't want to make too many changes

532
00:26:21,520 --> 00:26:24,840
Speaker 3: at once either, when you're trying to turn your life around.

533
00:26:25,040 --> 00:26:27,719
Speaker 3: That can, yeah, be pretty pointless and lead to your

534
00:26:27,720 --> 00:26:28,880
Speaker 3: going back for square one.

535
00:26:29,280 --> 00:26:33,720
Speaker 1: Absolutely. Now, I feel like your story is honestly so beautiful.

536
00:26:33,800 --> 00:26:35,679
Speaker 1: It makes me so proud to know that you're in

537
00:26:35,720 --> 00:26:38,240
Speaker 1: our community. And not only are you in our community,

538
00:26:38,280 --> 00:26:41,200
Speaker 1: you're sharing this story with us so that we can

539
00:26:41,280 --> 00:26:44,400
Speaker 1: learn and grow and you know, take on other people's

540
00:26:44,440 --> 00:26:47,320
Speaker 1: mindsets to you know, just be better with money ourselves.

541
00:26:47,400 --> 00:26:50,280
Speaker 1: But you've come so far. I can't believe you have

542
00:26:50,320 --> 00:26:53,000
Speaker 1: a savings account, you're working in foster care, you have

543
00:26:53,040 --> 00:26:55,840
Speaker 1: a beautiful chihuahua. I mean, you've got a car loan,

544
00:26:55,960 --> 00:26:57,719
Speaker 1: but you're on top of it and the payments are

545
00:26:57,720 --> 00:27:00,720
Speaker 1: manageable and everything is going there. I just I feel

546
00:27:00,760 --> 00:27:04,400
Speaker 1: like you are so on track. Do you really think

547
00:27:04,400 --> 00:27:05,200
Speaker 1: that you're still a C.

548
00:27:05,840 --> 00:27:08,000
Speaker 3: Yeah, I'm definitely still a CE. I've got a lot

549
00:27:08,000 --> 00:27:10,240
Speaker 3: of work to do, but I'm better than where I was.

550
00:27:10,320 --> 00:27:12,280
Speaker 3: And yeah, if I look at the fact that I

551
00:27:12,320 --> 00:27:14,119
Speaker 3: was probably in air for a few years ago, I

552
00:27:14,160 --> 00:27:15,960
Speaker 3: think the seat's pretty good right now.

553
00:27:16,160 --> 00:27:17,960
Speaker 1: I think I'm going to like upgrade it to like

554
00:27:18,000 --> 00:27:20,840
Speaker 1: a B B minus. Let's call it a B minus

555
00:27:20,920 --> 00:27:23,720
Speaker 1: because I feel like you have all of the structures

556
00:27:23,760 --> 00:27:26,320
Speaker 1: existing to support you. Like I just feel like you

557
00:27:26,359 --> 00:27:28,520
Speaker 1: are on the right track and doing the right thing.

558
00:27:29,160 --> 00:27:32,879
Speaker 1: Money Diarist, it has been an absolute pleasure sharing your

559
00:27:32,920 --> 00:27:34,800
Speaker 1: story today. Thank you so much.

560
00:27:35,040 --> 00:27:36,800
Speaker 3: Thank you for having me. It's been a pleasure.

561
00:27:43,400 --> 00:27:46,000
Speaker 1: The advice shared on She's on the Money is generally

562
00:27:46,160 --> 00:27:49,960
Speaker 1: nature and does not consider your individual circumstances. She's on

563
00:27:50,000 --> 00:27:53,520
Speaker 1: the Money exists purely for educational purposes and should not

564
00:27:53,560 --> 00:27:56,560
Speaker 1: be relied upon to make an investment or financial decision.

565
00:27:56,920 --> 00:27:59,360
Speaker 1: If you do choose to buy a financial product, read

566
00:27:59,400 --> 00:28:03,560
Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards

567
00:28:03,560 --> 00:28:06,840
Speaker 1: your needs. Victoria Divine and She's on the Money are

568
00:28:06,920 --> 00:28:10,520
Speaker 1: authorized representatives of Money sherper p t y lt D

569
00:28:10,760 --> 00:28:13,480
Speaker 1: a b N three two one six four nine two

570
00:28:13,600 --> 00:28:17,240
Speaker 1: seven seven zero eight afs L four five one two

571
00:28:17,280 --> 00:28:19,919
Speaker 1: eight nine