Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money. She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money, the podcast
Speaker 2: for millennials who want financial freedom. Welcome back to another
Speaker 2: one of our money diaries where we get to talk
Speaker 2: to one of our beautiful She's on the Money community
Speaker 2: members all about their journey. Let's jump straight into it.
Speaker 2: This week, I got a message and it went a
Speaker 2: little bit like this. Hi, Victoria. I grew up with
Speaker 2: a single dad and worked long hours with crippling debt.
Speaker 2: I got a thirty thousand dollar loan at twenty one,
Speaker 2: and this year, at twenty eight, I just bought a home,
Speaker 2: a new car, I'm planning a wedding and building my
Speaker 2: wealth and finances up with my fiance while trying to
Speaker 2: figure out what I want to do with my career. Also,
Speaker 2: money Diarist, you sound like a really fun diarist to
Speaker 2: get on the show.
Speaker 3: Welcome, Thank you. Hearing that back is so weird?
Speaker 2: Is that actually? I feel like I'm a bit worry?
Speaker 2: Does it make you proud?
Speaker 4: Yeah? I think so, because I don't think I've really
Speaker 4: achieved much or I'm that great or anything. But then
Speaker 4: hearing in one sentence like that, it's like, Okay, I
Speaker 4: can step back and sort of be like, yeah, I
Speaker 4: have a achieved quite a lot considering where I've come from.
Speaker 3: So I'm yeah, I'm pretty proud of that.
Speaker 2: I'm very proud of that. Let's kick off. I want
Speaker 2: to know what grade would you give your money habits
Speaker 2: if I asked you to give yourself a grade from
Speaker 2: A through to F.
Speaker 3: I've been tossing up on this.
Speaker 4: I think maybe like A B minus, maybe B B minus.
Speaker 2: A B A B minus. Can you give me a
Speaker 2: little bit more insight? Why would you pick that?
Speaker 4: I think I've been able to work out my finances
Speaker 4: pretty well, but I think I still have a lot
Speaker 4: to learn. I haven't really jumped into the investing space,
Speaker 4: and I'm not really ready to yet, but I think
Speaker 4: I want to learn more about that and build more
Speaker 4: wealth that way as well. So I think I've got
Speaker 4: good things, but I think I could do better.
Speaker 2: I feel like that was really well articulated. I want
Speaker 2: to know before we get any further. My favorite question,
Speaker 2: as always is can you tell us a little bit
Speaker 2: more about your money story? I'm so keen to hear. So.
Speaker 4: I had a single parent. My parents split when I
Speaker 4: was eight. Fortunately my dad was given custody of me
Speaker 4: and my brother, so he worked really really crazy hours
Speaker 4: just to.
Speaker 3: Sort of, you know, earn the money.
Speaker 4: He worked from four am till six pm most days
Speaker 4: and di it out, dinner on the table ready, and
Speaker 4: I would do all the things in a house that
Speaker 4: a mother would usually do. But he worked really really
Speaker 4: long hours just to sort of give us everything we
Speaker 4: needed as kids. I have an older brother, so his
Speaker 4: focus was just keeping us in school and keeping us happy.
Speaker 4: But that came with a lot of debt. He got
Speaker 4: made redundant twice in three years from jobs oh no,
Speaker 4: and he got himself in thirty forty odd K worth
Speaker 4: of debt just to make the ends meet. It wasn't
Speaker 4: like he was out buying flashy things or anything like that.
Speaker 4: It was more so just to keep us in school
Speaker 4: and with the things we needed. It wasn't excessive spending
Speaker 4: on unnecessary things. So I think growing up, it's not
Speaker 4: like we didn't have things. He definitely looked after us,
Speaker 4: and we definitely got Every weekend we'd do an activity
Speaker 4: like we've got a time zone and we got ice skating,
Speaker 4: or we go rock climbing. I did a lot of
Speaker 4: rock climbing as a kid with my dad. So we
Speaker 4: always did things, but there wasn't, you know, endless flows
Speaker 4: of money. We had things, but it was known that
Speaker 4: we had a single parent and money was needed for
Speaker 4: our things rather than unnecessary things. So I kind of
Speaker 4: grew up with the mind frame that work hard, hard working,
Speaker 4: and it'll pay off and you'll get there. So I
Speaker 4: think that instilled in me a lot of hard work.
Speaker 4: And you know, I got my first job at fourteen,
Speaker 4: and I was helping dad out with the rent from
Speaker 4: sixteen onwards, and I think that taught me a lot
Speaker 4: about money and sort of what I wanted for my
Speaker 4: future money was, and I guess for my family. I
Speaker 4: did totally my kids to sort of grow up like that,
Speaker 4: and I think I've worked really hard at that from
Speaker 4: seeing what my dad went through to build a little
Speaker 4: bit of a better foundation for myself.
Speaker 2: What's it like being sixteen and contributing to the rent
Speaker 2: when I'm assuming a lot of your peers were probably
Speaker 2: not in a similar position.
Speaker 3: Yeah, pretty much.
Speaker 4: All my friends at school, their parents were together, and
Speaker 4: they'd had not an easy life, but they hadn't been
Speaker 4: through the things that I'd been through, and I'd been
Speaker 4: through a lot at this stage. It was weird, But
Speaker 4: I also I'm very close with my dad, so I
Speaker 4: was happy to help out. It started off as just,
Speaker 4: you know, fifty dollars a week and gradually went up
Speaker 4: from there. But I think I was more just happy
Speaker 4: to help because I knew everything he was sacrificing.
Speaker 2: For us totally, and I feel like if I was
Speaker 2: in a similar position, that's exactly what I would want
Speaker 2: to do, right, Like, it sounds like your dad's a legend.
Speaker 2: He is my best friend, and I can tell like
Speaker 2: from the way that you talk about him, I'm like, oh,
Speaker 2: this man, he must have done it so much. Is
Speaker 2: that something you talked about at school? Like, is that
Speaker 2: a conversation where you know you were working and people
Speaker 2: knew that the money that you were earning as a
Speaker 2: teenager was going towards that.
Speaker 3: Not really.
Speaker 4: A lot of my friends in my friendship group at school,
Speaker 4: we actually all worked at the local McDonald's, but a
Speaker 4: lot of them were working to just sort of buy
Speaker 4: themselves stuff or just to have money. Where I yeah,
Speaker 4: I guess I was working to help with bills, and
Speaker 4: I was paying off my own phone, and I was
Speaker 4: I saved my very first car and every car of
Speaker 4: Haard I've bought purely myself. I've never had a help,
Speaker 4: so I think. I don't think I really spoke about
Speaker 4: it in that sense with my friends at the time. No,
Speaker 4: it wasn't really a conversation that where's your money going
Speaker 4: or what are you saving for or contributing to? So
Speaker 4: not really something.
Speaker 2: I think when you're a teenager you just assume it's
Speaker 2: on going to the movies and you know, going to
Speaker 2: Nacas after school. And it's funny you say that because
Speaker 2: I grew up in a I don't want to say
Speaker 2: more regional area. I grew up on the morning to Peninsula,
Speaker 2: and so many of my friends worked at either one
Speaker 2: of the two McDonald's down there. It was honestly such
Speaker 2: a good job, I feel, because it's so structured and
Speaker 2: provides so much leadership training. Did you love that I did.
Speaker 4: I think it was a great place for me to start.
Speaker 4: I spent five years there.
Speaker 3: I got a job.
Speaker 4: I think I was fourteen and three months, and I
Speaker 4: worked my way up. I started management, but I didn't
Speaker 4: finish it. I wanted to sort of move on. But
Speaker 4: I think it instilled a lot in me, and I
Speaker 4: think it's a really great starting point for children that age,
Speaker 4: or you know, teenagers that age. I think it teaches
Speaker 4: you a lot. When I started there, I was the
Speaker 4: shyest person you'd ever meet. Like my dad laughs about
Speaker 4: it now, how shy I was. Like I wouldn't even
Speaker 4: go up to a checkout person and ask a question.
Speaker 4: And people that know me now would know me that
Speaker 4: I'm a foghorn. I make friends everywhere.
Speaker 2: You found yourself.
Speaker 4: Honestly, I don't have issues making friends, and I'm not
Speaker 4: a shy person at all. But I think I learned
Speaker 4: a lot. I grew a lot and learned a lot
Speaker 4: of leadership and business sort of skills from that job.
Speaker 4: I think it's a great starting point for sure.
Speaker 2: Yeah, that is so cool. I want to know what
Speaker 2: you do now though, So what do you do for work?
Speaker 2: How much money do you earn?
Speaker 4: I work as an account's clerk sort of accounts and
Speaker 4: admin clerk. My salary is fifty six plus super, but
Speaker 4: I do also get monthly over time, and I did
Speaker 4: start doing Uber eats last year at the end of
Speaker 4: the year.
Speaker 3: Yeah, just to pay off my wedding.
Speaker 2: What a little hustler. I love this.
Speaker 4: Yeah, so all my Uber eats income go straight to
Speaker 4: the wedding, and then my normal salary covers all the
Speaker 4: mortgage and that sort of stuff. So I don't really
Speaker 4: have an estimated amount with Uber, but my normal salary
Speaker 4: is the fifty six plus and then overtime each month
Speaker 4: as well.
Speaker 2: I want to ask about overtime because when you said
Speaker 2: I'm an account's clerk, that's not usually a role where
Speaker 2: you would get over time. How's that happen?
Speaker 3: Yeah?
Speaker 4: So I work in the automotive industry, so we work
Speaker 4: on a monthly basis and my role is monthly based,
Speaker 4: so at the end of each month we have to
Speaker 4: get everything entered into the system. So generally the last
Speaker 4: two days of the month we work sort of twelve
Speaker 4: to thirteen hour days. Oh my god, to get everything in.
Speaker 4: So end of month there's always really work heavy, and
Speaker 4: the start of the month's quiet. But I'm always happy
Speaker 4: to do it because every hour we work overtime end
Speaker 4: of month is paid ye.
Speaker 2: One hundred percent. I'm there for the overtime.
Speaker 3: Yeah.
Speaker 4: I use my overtime funds to go to a wedding
Speaker 4: dress account. Yeah, awesome, So I have all my overtime.
Speaker 3: Sort of works for me.
Speaker 4: I always use my overtime to pay for something I
Speaker 4: want that's on top of my normal salary.
Speaker 2: It's going towards the above and beyond.
Speaker 4: Exactly, not coming out of my normal salary, not digging
Speaker 4: into my normal bills. So yeah, every every end of month,
Speaker 4: I get maybe four to five hundred dollars of overtime
Speaker 4: that you know, goes into those accounts. So that's a
Speaker 4: nice little bonus on top of my normal salary.
Speaker 2: That's actually so cool that you have that structure where
Speaker 2: you like, I don't want it coming out of my
Speaker 2: normal account. If I do overtime, it's the above and beyond.
Speaker 2: Tell me you mentioned a wedding dress account as somebody
Speaker 2: who got married last year. I'm still so obsessed with weddings.
Speaker 2: It is my entire TikTok feed. I am I what
Speaker 2: your I've just got my wedding video back, guys, I
Speaker 2: am obsessed. The wedding content is going to be making
Speaker 2: a comeback. But what I want to know is like,
Speaker 2: how did this wedding dress account come up? How did
Speaker 2: you set a budget? What are we working towards?
Speaker 4: So originally that account, I always changed the name of
Speaker 4: what that account is for what my goal is. I
Speaker 4: have a tattoo sleeve and I use all my overtime
Speaker 4: fun for.
Speaker 2: That and that's expensive.
Speaker 3: Yeah, it's so expensive. So I used that account.
Speaker 4: I changed the name of it to whatever we're doing.
Speaker 4: We went to New Zealand last year, so it was
Speaker 4: my New Zealand funds account. Then once the holiday was over,
Speaker 4: we just gotten engaged before the holiday, so I changed
Speaker 4: it to wedding dress. And I kind of look at
Speaker 4: my wedding dress as one of my main expenses of
Speaker 4: a wedding, not my partners in a sense. So I
Speaker 4: am saving for that separately to allow, you know, my
Speaker 4: wedding dress fund and for my bridesmaids sort of fund.
Speaker 4: I've sort of set a budget for my dress. I
Speaker 4: kind of don't want to spend more than about two
Speaker 4: and a half on the dress.
Speaker 2: That's still a significant amount of money. Like, there's so expensive.
Speaker 2: Weddings are crazy, it's huge.
Speaker 4: I've set a very strict budget for the wedding. I'm
Speaker 4: well on track. I've run the numbers multiple times, and
Speaker 4: I've gotten quotes for everything, and I have everything structured.
Speaker 4: So yeah, I kind of came up with two and
Speaker 4: a half because I think that's a reasonable amount. It
Speaker 4: still quite a lot, and there's still a lot of
Speaker 4: dresses that are so much more than that. But I
Speaker 4: think for me, it's a very reasonable amount because I've
Speaker 4: said a very strict budget and I don't want to
Speaker 4: be too excessive.
Speaker 2: Yeah, that's absolutely fair. Can I be really pervy and
Speaker 2: ask about the rest of the wedding, like what's the
Speaker 2: overall budget? How did you work that out with your partner?
Speaker 2: I feel like it's such a fickle conversation.
Speaker 3: It really is.
Speaker 4: My partner. If I turned around tomorrow and said, let's
Speaker 4: just have a party. He'd be so happy with that.
Speaker 4: He definitely wants a wedding, but he finds the cost
Speaker 4: of them just insane and we aren't made of money.
Speaker 4: So he's like, we can have a wedding, but we're
Speaker 4: not going to be able to have all the bells
Speaker 4: and whistles or you know. We need to be smart
Speaker 4: about it. I don't think spending X amount of money
Speaker 4: when we could go overseas or this or that is smart.
Speaker 4: So I sort of came up with a budget, and
Speaker 4: we looked at venues and stuff and sort of worked
Speaker 4: out what we'd be looking at, and we came to
Speaker 4: a number of twenty five ks. So I'm actually well
Speaker 4: on target for that at the moment. I think I'm
Speaker 4: sitting a little bit under it actually at the moment,
Speaker 4: and we've set a date and we've booked the venue,
Speaker 4: So yeah, I kind of I can accept that amount
Speaker 4: as sort of reasonable, but I think when it gets
Speaker 4: a little bit over that just for our personal goals,
Speaker 4: that's when it's a bit too much. So I sort
Speaker 4: of worked out what our goals are and what's reasonable.
Speaker 2: Yeah, no, one hundred percent. I love to hear how clear,
Speaker 2: you guys are on it, and you know your partner's
Speaker 2: values versus your values. Like for me, that was really
Speaker 2: important when it came to planning the wedding as well.
Speaker 2: My partner just wanted a massive party, and I'm quite
Speaker 2: in real life, guys, I'm actually really introverted. I like
Speaker 2: my small group of friends. I don't like really big
Speaker 2: crowds of people. I find the really overwhelming. So that
Speaker 2: was a fun compromise to make.
Speaker 3: My partner's exactly the same.
Speaker 4: His social battery wears out it me where I'm the opposite.
Speaker 4: So we sort of came to that compromise. We are
Speaker 4: having a very smar It's only about forty people, just
Speaker 4: close friends and family, and I think that's plenty for
Speaker 4: us and where we're at. And he's, yeah, very he
Speaker 4: likes a social thing, but he gets his social battery
Speaker 4: gets full very quickly, so.
Speaker 2: I'm the same. I think I slept for the entire
Speaker 2: week after our wedding because I was just exhausted from
Speaker 2: everything that had happened, elated, so excited. Best of my life.
Speaker 2: I need an app is basically where I was at
Speaker 2: before we move on to more of the structured questions.
Speaker 2: I have another spicy wedding question based on content that
Speaker 2: I have been producing recently on TikTok. I know exactly
Speaker 2: what question you know me, Are you paying for your bridesmaids?
Speaker 2: If so, why? If not? Why not?
Speaker 4: Well, to be honest, your recent post threw a spanner
Speaker 4: and not a spanner in the works made me question things.
Speaker 3: No, no, don't be sorry.
Speaker 4: I've obviously never had a wedding and I've never been
Speaker 4: in a bridal party, so you know, it's kind of
Speaker 4: working out what works for us. I was always planning
Speaker 4: hair and makeup fully paid by me. I was never
Speaker 4: going to ask at the dresses I'm looking out of
Speaker 4: are not too expensive one hundred dollars or less. And
Speaker 4: I was originally thinking of getting my bridesmaids to purchase
Speaker 4: their own dress, but I think I might end up
Speaker 4: paying for them shoes and things like that. If they
Speaker 4: have shoes that fit the color scheme, then happy.
Speaker 3: For them to wear it they have.
Speaker 4: But I'd love to be able to afford to pay
Speaker 4: for everything, and I think if the way I'm working
Speaker 4: things now, I think I will be able to, so
Speaker 4: I definitely at least half, if not all, is what
Speaker 4: I'm working for.
Speaker 2: I love this conversation because I think, as somebody who
Speaker 2: has been a bride, I just really hadn't thought about
Speaker 2: it before. And I had been a bridesmaid, and to
Speaker 2: you know, check my own privilege, I've always been in
Speaker 2: a position where if I've been asked to be a bridesmaid,
Speaker 2: I was at an age where I had the free
Speaker 2: cash flow, so I didn't mind. I was just so
Speaker 2: excited to be a bridesmaid. I didn't mind that I
Speaker 2: had to pay for the dress. I didn't mind to
Speaker 2: be a part of it. But then once it came
Speaker 2: to me having my own wedding, I was just overwhelmed
Speaker 2: with this idea that my tastes would then dictate how
Speaker 2: my bridesmaids would have to budget. And I hated the
Speaker 2: idea that I would put them out with decisions that
Speaker 2: I was making. I don't think it's a secret that
Speaker 2: sometimes I do have quite expensive taste. And I just
Speaker 2: fell in love with a specific pair of shoes that
Speaker 2: I really wanted my bridesmaids to have, and I was
Speaker 2: just like, there's no way I could ever ask them
Speaker 2: to pay for that. All of them were obsessed, and
Speaker 2: I was like let's just make this one of their
Speaker 2: wedding presents like a present from me, like they can
Speaker 2: wear them a million times after. I know they will
Speaker 2: because they were all obsessed. But it's one of those
Speaker 2: things where I had not comprehended the financial impacts of that,
Speaker 2: even though they've surrounded me for a really long time.
Speaker 2: I just went, wow, like I would hate to put
Speaker 2: my friends and family out. And I think it's a
Speaker 2: different story money direst when you're like, oh, it's about
Speaker 2: one hundred dollars and that's you know where it is.
Speaker 2: I was always going to cover everything else. I feel
Speaker 2: like that might be different than Okay, well, I expect
Speaker 2: them to pay for my hand's party, and then a
Speaker 2: pair of shoes, a specific pair of shoes, a specific dress.
Speaker 2: I want them to pay for my hair or their
Speaker 2: own hair and makeup, and it all just ends up
Speaker 2: adding up, and it's just at what cost and it's
Speaker 2: not yours anymore. It becomes maybe they can't go on
Speaker 2: their friend trip to Bali anymore because they've spent you know,
Speaker 2: seven or eight hundred dollars going to your wedding, or
Speaker 2: maybe they can't do something for their mum, or they
Speaker 2: can't do something for their own budget and that just
Speaker 2: blows my mind. And I think a lot of us
Speaker 2: and do you sound like you're in the same ship
Speaker 2: as me. We just hadn't thought about it before.
Speaker 3: Until your posts.
Speaker 4: Honestly, I hadn't thought about it. And then I put
Speaker 4: myself in those shoes that I'm like, do I if
Speaker 4: I was asked to be a bridesmaid today, have the
Speaker 4: funds to go and spend that amount with my money
Speaker 4: goals at the moment?
Speaker 3: Would that be a priority for me?
Speaker 4: And I you know, that's where I put myself in
Speaker 4: that shoes, and I was like, Okay, I don't want
Speaker 4: my wedding to be someone else's financial burden.
Speaker 2: Yeah, that's so fair.
Speaker 4: And I'd never thought of it that way before, so
Speaker 4: I think that definitely reworked. When you posted that reel,
Speaker 4: I messaged a few of my friends. One of my
Speaker 4: bridesmaids was actually in a wedding not long ago, and
Speaker 4: I just asked her the question, you know, what was
Speaker 4: the situation? You know?
Speaker 3: And then I both my sister in laws. Two of
Speaker 3: my sister in laws.
Speaker 4: Are also getting married in the next year, and I
Speaker 4: asked them, like, what they're planning on doing. So it's
Speaker 4: been a very strong conversation between us sister in laws
Speaker 4: as well on what we're going to do and what
Speaker 4: suits us. So I think that definitely sparked a lot
Speaker 4: of more thoughts and questions that I hadn't thought of before,
Speaker 4: and I think it did that for a lot of people.
Speaker 2: So I love but also stop dming me telling me
Speaker 2: that I'm the devil, thank you.
Speaker 4: Yeah, exactly, You're not the devil, not at all.
Speaker 3: You're just thinking of our financial freedom.
Speaker 2: All right. I want to know you've obviously got the
Speaker 2: wedding coming up, but what is your big money goal currently?
Speaker 4: So obviously the wedding, and then we really want to
Speaker 4: build an emergency fund's account. We've got one in our
Speaker 4: bank named emergency Funds, but it's yet to have money
Speaker 4: put in it, so I think that's the big goal
Speaker 4: for us. Building up a bit of an emergency funds
Speaker 4: and a buffer in our mortgage repay account is also
Speaker 4: our goal because we do want to start a family
Speaker 4: after we get married, so we want to build a
Speaker 4: little bit of a buffer in there just to help
Speaker 4: with the mortgage repayments and things like that. Once I
Speaker 4: go on maternity leave.
Speaker 2: Yeah, how exciting. I like how clear you've been on
Speaker 2: all of these goals and what you're planning to achieve, Like,
Speaker 2: it blows my mind that, Oh, it's so exciting.
Speaker 4: It may also help to know my Aunie is a
Speaker 4: mortgage broke up queen. She looks over my finances twenty
Speaker 4: four seven, and since I was fourteen, asked those questions,
Speaker 4: So I think she's really helped guide me finance wise
Speaker 4: making big decisions or the way I should structure things.
Speaker 3: So that kind of helps as well.
Speaker 2: I love that. All right, I have so many more
Speaker 2: questions for you, and we're going to go to a
Speaker 2: really quick break and then we'll get back to all
Speaker 2: of those in a hot minute. Don't go anywhere, all right,
Speaker 2: money diarist, We are back, and I have a question.
Speaker 2: I want to talk more about your aunt because one
Speaker 2: question I wrote down earlier when you were telling me
Speaker 2: all about these accounts that you have, and you've got
Speaker 2: your wedding dress fund and that fund name changes depending
Speaker 2: on what your money goal is, I was like, how
Speaker 2: on earth did you manage to learn how to manage
Speaker 2: money in this way? Because it sounds like you have
Speaker 2: really clear goals and really clear ideas of cash flow
Speaker 2: and budgeting. Where did this come from? How did you
Speaker 2: learn about money?
Speaker 4: It definitely came from a combination of my dad and
Speaker 4: my auntie seeing my dad struggle and then my auntie
Speaker 4: be in the finance industry my whole life. We had
Speaker 4: a lot of strong conversations about that. And from the
Speaker 4: day I got my first job, I used to write out,
Speaker 4: just on a notepad, how much I got paid each
Speaker 4: week and what my bills were or what my expenses
Speaker 4: were that week. So since the day I got my
Speaker 4: very first paychecked, I've had a written budget and to
Speaker 4: this day, I still have a written budget. I like
Speaker 4: pen to paper, I like seeing things written, So I
Speaker 4: still to this day have a written out budget that
Speaker 4: I work from. And I think my Annie definitely helped
Speaker 4: with navigating how I work my finances and how I
Speaker 4: navigate those things because from day one, I paid for
Speaker 4: my very first car at seventeen, and that was something
Speaker 4: I had to budget for as a sixteen year old working.
Speaker 4: So I've always had money goals or something I was
Speaker 4: saving for, and I knew the only.
Speaker 3: Way to save or get there was to budget for it.
Speaker 2: Yeah. Amazing, And is this something that your aunt just
Speaker 2: sat you down when you were young and said this
Speaker 2: is stuff you need to know. Or were you tenacious
Speaker 2: and asking these questions or how did these conversations come up,
Speaker 2: especially with an aunt, because I feel like that isn't
Speaker 2: going to happen for everybody.
Speaker 4: No, I think my Annie really stepped into a little
Speaker 4: bit of a mother.
Speaker 3: Role when my parents split.
Speaker 4: My Annie doesn't have children of her own, so I think,
Speaker 4: and when my parents split, actually we lived with my
Speaker 4: Annie for a bit of time. It was not a
Speaker 4: great split, so we weren't allowed to be at the
Speaker 4: house at the time, so we did live with my
Speaker 4: Annie for a little period of time there. So I
Speaker 4: think she really stepped into you need a figure in
Speaker 4: your life that's a mother and that on. And we
Speaker 4: had a lot of conversations about that, and I could
Speaker 4: always ask her anything, and you know, as a teenager,
Speaker 4: sometimes that got uncomfortable or there was things I didn't
Speaker 4: want to tell her because you know, teenagers.
Speaker 2: Of course, but they've got to have some level of
Speaker 2: privacy as a sixteen year old.
Speaker 4: Definitely, But I think, yeah, we spoke a lot, and
Speaker 4: we had a little tradition back then where we used
Speaker 4: to when I was still in school, it was a
Speaker 4: breakfast every week. She used to take me and my
Speaker 4: brother just down in Macis for breakfast, and when we
Speaker 4: finished school it was Sunday, didn'ts I'd have dinner with
Speaker 4: her every Sunday, just me and her and and we'd
Speaker 4: talk about a lot of those things, or what my
Speaker 4: goals were and what I was working towards. So I
Speaker 4: think it was a bit of both me asking questions
Speaker 4: and her giving advice. I mean, when I got my
Speaker 4: first thirty thousand dollar alone, I didn't tell her, and she.
Speaker 2: Was not in tru as a mortgage broker, she would
Speaker 2: have been a little bit salty on you, my friend.
Speaker 3: I got in a lot of trouble for that.
Speaker 4: But yeah, I think I go to her with anything
Speaker 4: when it comes to money or big decisions to make.
Speaker 4: And also when into buying the house, it was a
Speaker 4: given that she was very, very involved in that and
Speaker 4: helped us immensely and I couldn't thank her enough for that.
Speaker 4: So I think that definitely helped in navigating where I
Speaker 4: wanted to go with my finances from a very young age.
Speaker 2: It sounds like you are surrounded by some very beautiful people.
Speaker 3: I really am. I'm very blessed.
Speaker 2: I love it all right, I want to know. Next
Speaker 2: question is do you have any investments? If so, what
Speaker 2: are they? If not, what do you want to do?
Speaker 4: Okay, so super yes, of course I have about forty
Speaker 4: two and a half thousand.
Speaker 2: Hey, that's pretty good for your age.
Speaker 3: Yeah.
Speaker 4: I did take ten thousand out during COVID, knowing what
Speaker 4: I know now, I wish I didn't.
Speaker 2: But we all learn, and to be honest, I feel
Speaker 2: like sometimes we really needed to.
Speaker 3: Yeah.
Speaker 4: I had a little bit of debt at the time,
Speaker 4: and I knew it would help get rid of that.
Speaker 4: So I had about six grand left on my debt
Speaker 4: and I paid that often. Then I put the remaining
Speaker 4: towards our account that we knew we were already starting
Speaker 4: to save for a house, so it kind of helped
Speaker 4: with that. I didn't use it to go and you know,
Speaker 4: spend on silly things.
Speaker 2: Hey, lots of people bought flat screen TVs, so you
Speaker 2: are totally working towards the right financial goals here.
Speaker 3: My love did not do that.
Speaker 4: So my yeah, forty two and a half in that
Speaker 4: and my auntie looks over my stupid to make sure
Speaker 4: it's invested to get the best return Chesi's I at
Speaker 4: this point have only put five dollars in. I want
Speaker 4: to work on being more consistent at putting a little
Speaker 4: bit in each week or each fortnite.
Speaker 2: But that's leaps and bounds in front of everybody else,
Speaker 2: because I feel like so many times people just don't
Speaker 2: even take the step of picking a platform or even
Speaker 2: putting their first few dollars on that platform, and it
Speaker 2: feels like a small step. You might go, oh, that's
Speaker 2: not much, but that's massive. That's the step that everybody
Speaker 2: struggles with.
Speaker 4: I think I actually had a little bit of a
Speaker 4: money in there too. When I signed up, I forgot
Speaker 4: to use the shehes on the money code no, and
Speaker 4: then I heard it on one of the podcasts like
Speaker 4: the next day, and so I emailed them and they
Speaker 4: manually added the credits their angels.
Speaker 3: So that was a little bit of a money win.
Speaker 2: Oh how good.
Speaker 4: Yeah, so that's purely just from listening to the podcast
Speaker 4: on Cheesi's.
Speaker 1: Yeah.
Speaker 2: See, free money. That's a good return on your investment.
Speaker 2: Free money.
Speaker 3: I'm here for free money always.
Speaker 2: I love it. So what are you planning to do
Speaker 2: with your Chasia's account?
Speaker 3: I don't know enough yet.
Speaker 4: I want to buy the second she's on the money
Speaker 4: book obviously to learn some more. And it is a
Speaker 4: conversation my partner and I have been having. He wants
Speaker 4: to sort of get into the investment space a little
Speaker 4: bit more as well. So I think just dipping my
Speaker 4: toes in and just showing me a little bit more
Speaker 4: and learning a little bit more about it is where
Speaker 4: I'm at at this stage.
Speaker 2: You love all right. I want to know We've already
Speaker 2: spoken about how you had a debt, and then you
Speaker 2: mentioned earlier that you paid it off with money from
Speaker 2: your super But I want to know do you have
Speaker 2: any debts? If so, what are they?
Speaker 4: So we have the mortgage, obviously, which is about four
Speaker 4: hundred and thirty thousand. We only bought the place six
Speaker 4: months ago, so we've only just been here six months,
Speaker 4: and interest rate rises have not been fun.
Speaker 2: But your aunts some mortgage brokeers. So I'm sure or
Speaker 2: that she is all over that for you.
Speaker 4: She definitely is. We were very lucky we had a
Speaker 4: guaranteur as well. When we bought our place. My partner's
Speaker 4: parents offered to go guarantee to help us out, which
Speaker 4: was really amazing.
Speaker 3: How good is that.
Speaker 4: Yeah, we're very, very lucky for them, and we probably
Speaker 4: wouldn't be in the position we're in without them because
Speaker 4: we wouldn't have had enough for a deposit. So we
Speaker 4: were very lucky there and that allowed us to have
Speaker 4: a little bit of a smaller deposit so we could
Speaker 4: spend money on furniture and setting ourselves up. So that's
Speaker 4: sitting at about four hundred and thirty thousand. In October,
Speaker 4: we also bought a brand new car, which we financed
Speaker 4: at about sixty grand, owing.
Speaker 2: I want to know what car that is sixty grand?
Speaker 2: What are you spending that on?
Speaker 3: It's an Azuzu Dmac top of the line. It's beautiful.
Speaker 3: We absolutely love it.
Speaker 2: A big dog car, big dog car.
Speaker 3: However, we did just put it up for sale last night.
Speaker 2: Why did you choose to do that?
Speaker 3: Wasn't planned.
Speaker 4: My partner changed jobs recently where we took a little bit,
Speaker 4: well quite a significant pay cut for a long term gain.
Speaker 4: It's going to be once he gets off probation, he's
Speaker 4: going to be earning commissions.
Speaker 2: Oh, how exciting, which will.
Speaker 4: Significantly put us in a better place. But for the
Speaker 4: time being, we're taking a little bit of a hit,
Speaker 4: and we sort of sat down and worked out what
Speaker 4: expenses can we minimize and what are our goals and
Speaker 4: having that car at the moment just doesn't really align
Speaker 4: with our goals. We should have, you know, thought about
Speaker 4: that six months ago when we were just about to
Speaker 4: get it, but we didn't really think that far ahead.
Speaker 4: We just got caught up in the moment of you know,
Speaker 4: we're getting our first ever brand new car off the
Speaker 4: showroom floor that we didn't forecast what would happen. So
Speaker 4: we made that decision this week that it's the best
Speaker 4: thing for us to minimize that. So we actually listed
Speaker 4: it last night, and with the market at the moment,
Speaker 4: we can actually make a little bit of money or
Speaker 4: break even with it because it holds its value quite well.
Speaker 4: So we've got someone coming to look already already.
Speaker 2: It were up last night.
Speaker 4: Yeah, we put it up last night and they're coming
Speaker 4: this week and they're pretty keen. So if we sell that,
Speaker 4: we'll get rid of that debt straight away.
Speaker 2: Yeah. Do you know what. I find that to be
Speaker 2: a really mature decision to be making as well, because
Speaker 2: I think a lot of people, especially because the car
Speaker 2: is only six months old, would be so emotionally invested
Speaker 2: in that vehicle that they'd be like, no, I can't
Speaker 2: get rid of it. It's too new. It's to this,
Speaker 2: it's too that. I feel like, that's such a good
Speaker 2: financial decision where you're taking the holistic picture into consideration,
Speaker 2: and I feel like too often we get too caught
Speaker 2: up in our egos, like, oh, well, what might people
Speaker 2: think if they see us buying a car and then
Speaker 2: selling it within six months? Like I just think it's
Speaker 2: so smart and so mature, and I really respect that.
Speaker 4: I think when I first started mentioning it to a
Speaker 4: few of my friends this week that knew how excited
Speaker 4: we were when we got the car. To be honest,
Speaker 4: I was a little bit embarrassed. I had a moment
Speaker 4: that I was like, oh my god. But then when
Speaker 4: I step back and look at the bigger picture, I'm
Speaker 4: not embarrassed because we're putting us first. We're making the
Speaker 4: best financial decision for us and our goals, and having
Speaker 4: that car isn't doing anything to contribute to our goals
Speaker 4: right now. So what is the point of spending the
Speaker 4: amount we're spending each week to run this car when
Speaker 4: our goals are a wedding and to build emergency funds
Speaker 4: and to start a family in the next two years.
Speaker 4: So it just doesn't really align with where we're at
Speaker 4: right now. And that was where we made that decision.
Speaker 4: And I was embarrassed for a moment, and then I
Speaker 4: stood back and thought, I don't really care what people think.
Speaker 3: This is for us, you know what.
Speaker 2: I love these.
Speaker 3: Yeah.
Speaker 2: I feel like I brought that up because I was like,
Speaker 2: I feel like so many people would be in that
Speaker 2: position where their ego might be a little bit more
Speaker 2: than what, yeah, what they can handle, and I just
Speaker 2: feel like hearing that might give people permission to go,
Speaker 2: you know what, it doesn't actually matter what other people think.
Speaker 2: How good is it that we're putting us first or
Speaker 2: we're doing the right thing for what we need to do.
Speaker 2: I just think that's yeah.
Speaker 3: Just I love it.
Speaker 2: I love it. It makes me so happy. It sounds
Speaker 2: like you have some really good money habits, so I
Speaker 2: want to note, what do you think your best money
Speaker 2: habit is.
Speaker 4: I'm very rugal in a way, like I buy, we
Speaker 4: buy what we want when we want. We're not you know,
Speaker 4: you can't have it. But I shop a lot when
Speaker 4: things are on sale or I shop around. I also
Speaker 4: have car insurance with woolworth so it gets me at
Speaker 4: ten percent off one shop a month, as well as
Speaker 4: the Everyday Extra program which I heard about on your
Speaker 4: podcast actually.
Speaker 2: Which we got from the community. I can't take any
Speaker 2: credit for this. I feel like you guys have all
Speaker 2: the good ideas, even the idea that you get ten
Speaker 2: percent off once a month by having Woolworth's insurance. Like
Speaker 2: that's pretty cool.
Speaker 3: Yeah, So I sort of. I look around.
Speaker 4: I get you know, discounts on the shopping things like
Speaker 4: that always. You know, if I need pet food, I'll
Speaker 4: look around at where it might be on sale. I
Speaker 4: try not to pay, you know, the highest price for things.
Speaker 4: I budget that way. I also do some online surveys
Speaker 4: every now and then to get money to go towards
Speaker 4: like fuel or groceries. I think that's my best money habit.
Speaker 3: I'm frugal.
Speaker 4: I you know, when we get bills, I will look
Speaker 4: over them and if something doesn't look right, or question it.
Speaker 4: I like to always know where my money is going
Speaker 4: at my money is working for me in the best
Speaker 4: way possible.
Speaker 1: Love.
Speaker 2: I don't even know if the right word there is frugal.
Speaker 2: It sounds like you're just super resourceful. You're like, I'm
Speaker 2: going to find the right deal. I'm going to get
Speaker 2: the best bang for my buck. I'm going to put
Speaker 2: myself in the best position. Like that's not being frugal,
Speaker 2: not at all. I feel like that's just being super
Speaker 2: resourceful and smart with your money, and we all should
Speaker 2: be doing that.
Speaker 3: I mean, we work hard for our money. Why are
Speaker 3: we throwing it away? With that question?
Speaker 2: One hundred percent all right to slip that on its head.
Speaker 2: I feel like you are super resourceful. I wouldn't know
Speaker 2: what's your worst money habit.
Speaker 4: When it comes to other people, I will just spend
Speaker 4: I'm you know, birthdays, Christmas presents, just because I don't
Speaker 4: ever really second guess or second question myself on spending
Speaker 4: money on others and transferring out of my personal savings.
Speaker 4: I need to get a little bit better at when
Speaker 4: I put money in there.
Speaker 3: It's you know, my little buffer.
Speaker 4: But that doesn't just mean I can you know, I
Speaker 4: want a coffee and there's you know, not much money
Speaker 4: left in my account.
Speaker 3: I'll just transfer out.
Speaker 4: I think that's probably my worst habit is putting money
Speaker 4: in my personal savings and then just being like, oh, I'll.
Speaker 3: Just transfer it back out.
Speaker 1: Yeah.
Speaker 2: I feel like a lot of us are guilty of that,
Speaker 2: and it seems to be a consistent She's on the
Speaker 2: money community member trait to always spend a lot of
Speaker 2: money on other people. I feel like we are all
Speaker 2: very similar piece in a very similar pod. In that case.
Speaker 3: Yep, I'm a giver.
Speaker 4: I'll spend money on other people without question, but I
Speaker 4: will always question it if I'm going to buy something
Speaker 4: for myself.
Speaker 2: I kind of love it. We all care about everybody else,
Speaker 2: which is really sweet, but we need to care more
Speaker 2: about ourselves and our own financial futures sometimes too.
Speaker 3: We do, we do, all right?
Speaker 2: I want to wrap back around to the very start
Speaker 2: of this episode. You told me that you think that
Speaker 2: maybe you've got a money grade of like a BEE
Speaker 2: or a B minus. But you've just told me all
Speaker 2: of this awesome stuff, Like you're an account's clerk, you
Speaker 2: are working over time, you are doing Uber eats, you
Speaker 2: are doing online surveys to bring in more income. You
Speaker 2: have forty two grand in superannuation. You've got a mortgage,
Speaker 2: you are always on top of it. You've just started investing,
Speaker 2: Like you are selling a car because you're literally like,
Speaker 2: I don't even care about my ego. I am going
Speaker 2: to put that aside and put out financial futures first.
Speaker 2: My friend, do you really think that you're a beer
Speaker 2: a B minus after having this conversation?
Speaker 3: I mean maybe not.
Speaker 2: What do you think is maybe a little bit more accurate,
Speaker 2: maybe like an A minus. Yeah that feels a little
Speaker 2: bit more comfortable for me too. Yeah. I just feel
Speaker 2: like you are killing it, like knowing how you learn
Speaker 2: to manage money, and that your dad and your aunt
Speaker 2: are so supportive, and that you know even though you
Speaker 2: grew up in a relatively low income family and you
Speaker 2: learn about debt really early. I feel like you've just
Speaker 2: got these great money habits and you're, you know, growing
Speaker 2: that and putting yourself in a position where you've got
Speaker 2: this home and you're planning your dream wedding and you're
Speaker 2: planning on starting a family. Like that's all so exciting
Speaker 2: and usually very very financially taxing, but you seem to
Speaker 2: be taking it all in your stride. Like I feel
Speaker 2: like so many people are going to listen to this
Speaker 2: and be like, oh, she's exactly who we want to be, Like,
Speaker 2: what a queen?
Speaker 3: Thank you?
Speaker 2: I love it well. Unfortunately that is all we have
Speaker 2: time for today. Thank you so much for joining us
Speaker 2: and sharing your money story with us. Money Drest, I
Speaker 2: have adored this and adored this chat. I feel like
Speaker 2: we're best friends now.
Speaker 3: I'm not mad about it at all. Thank you so much.
Speaker 2: It's been amazing of course.
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