Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
Speaker 1: the Order Kerni 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 4: Hello, and welcome to She's on My Me the podcast
Speaker 4: Millennials who Want Financial Freedom. Today is Friday, which means
Speaker 4: it's time to get the team together and celebrate you
Speaker 4: the incredible She's on the Money community. Today, I'm going
Speaker 4: to share some of my favorite money wins. Beck is
Speaker 4: going to share some of her best broke tips, and
Speaker 4: we're going to be helping to answer a juicy money
Speaker 4: to Lemma, which this week is all about redundancy. We're
Speaker 4: also going to unpack something U slid into our DMS
Speaker 4: about which is all about navigating pay rises. I feel
Speaker 4: like tis the season and the financial year. We're taking
Speaker 4: stock and it's just the girls this week, just me
Speaker 4: and Bet.
Speaker 2: This is so nice?
Speaker 4: Is nice?
Speaker 2: We never get to spend that much time together.
Speaker 5: No, this is love.
Speaker 2: It feels so cozy. Do you feel crazy? Do you
Speaker 2: feel cozy?
Speaker 4: Cozy and safe and loved. I think it's just going
Speaker 4: to be a good episode, you know, I think so.
Speaker 2: I think.
Speaker 4: So.
Speaker 2: How's you we been? It's been good.
Speaker 4: I have nothing exciting to report from me. It's been
Speaker 4: very cold. I saw a post somewhere that said Australia
Speaker 4: is the worst performing in like the world for installation
Speaker 4: in housing, which I don't know what the standard of
Speaker 4: that is, but apparently to be like above standard, your
Speaker 4: house needs to sit at like eighteen degrees overnight with
Speaker 4: no heating or cooling. And I'm assuming like different places,
Speaker 4: it must be different, because like if you live in Iceland,
Speaker 4: maybe totally you.
Speaker 2: Know what I mean. I don't know the specifics, but.
Speaker 4: I just saw this posts that said we performed really badly,
Speaker 4: and I thought about it this week because every morning
Speaker 4: I've gotten up to fourteen degrees in my house. How
Speaker 4: do you know that because we have our thermostat tells
Speaker 4: us of.
Speaker 6: Course you have a thermo stuff for the heating. In
Speaker 6: my mind, I'm like, you have like a little thermodon.
Speaker 2: After you churn your butter when we checked the Seriously,
Speaker 2: apart from that, nothing at all. How about you? Cool?
Speaker 2: This week? This week? This week? What have I done?
Speaker 6: You know, just like just doing a lot of freelance stuff,
Speaker 6: started doing some videos for How Cool Is?
Speaker 4: I love him? I love seems like the nicest person.
Speaker 2: He's so sweet, you know.
Speaker 6: When I was like chatting to him about this video stuff,
Speaker 6: he was like, I'm so grateful that you wanted to
Speaker 6: meet with me. I'm like, what the hell You're Asha Gunsberg,
Speaker 6: the Thesha Gunsberg.
Speaker 2: It's like the literal queen coming back from the day
Speaker 2: and be like, oh my god, thank you so much
Speaker 2: for me. No, thank you so much for meeting with me.
Speaker 1: You know.
Speaker 2: So sweet.
Speaker 6: But anyway, so just been working heaps. Haven't been paid yet,
Speaker 6: and that's okay. I feel like it's the same old
Speaker 6: story with me every week, and like I'm broke.
Speaker 2: I'm broke.
Speaker 4: It's but one day you're in the middle of like
Speaker 4: a tough cycle like everything's changed and everything's on like
Speaker 4: thirty day payment terms or monthly payment. That's really I
Speaker 4: feel like a lot of us have been in that
Speaker 4: situation where you started a new job maybe and you
Speaker 4: finish your old job, but you have like a month
Speaker 4: where you don't get paid because you've come in like
Speaker 4: just after the cycle.
Speaker 2: Yes, oh my goodness. But then when you get that pay, god,
Speaker 2: it's fat.
Speaker 4: What are your payment terms on your voices? By the way,
Speaker 4: that's a great question. I never really have been a freelancer.
Speaker 4: This whole thing is new to me.
Speaker 6: But I put, like I was trying to be cheeky,
Speaker 6: and I was like, my date that this is due?
Speaker 2: Is this what you're talking about?
Speaker 6: By the way, like date the next Yeah, when you're
Speaker 6: catch So I put like a week, and then they
Speaker 6: came back and they're like, actually, it's thirty days for us,
Speaker 6: And I was like, oh, okay, yeah, I didn't argue,
Speaker 6: so I guess now it's like a thirty day turnaround.
Speaker 2: Yeah. Is that the norm? It depends.
Speaker 4: Say, I know that a lot of businesses will process
Speaker 4: the invoices monthly. My old corporate job, that was one
Speaker 4: of my jobs was we process like the company's like
Speaker 4: outstanding invoices and that was like a once a month tash. Sure,
Speaker 4: but I personally feel like in this day and age,
Speaker 4: there's no good reason to not pay within My payment
Speaker 4: terms are fourteen days usually on my invoices, unless someone
Speaker 4: comes back back with you and says, oh, can we
Speaker 4: adjust that? And then normally I'm relatively flexible, but I
Speaker 4: mean it's very inconvenient in your situation currently, and I
Speaker 4: mean it is up for debate, Like they can come
Speaker 4: back and say thirty and you could have said, can
Speaker 4: we meet in the middle of fourteen or something? Sure,
Speaker 4: like it just needs to be agreed upon. But my
Speaker 4: standard term on my freelance in voices are fourteen days usually. Okay,
Speaker 4: maybe I'll do that. I didn't think to do that.
Speaker 4: I was just like, oh, you know more than I do,
Speaker 4: because I never even that's just about their processes and
Speaker 4: make sure their light easy. They're like, we want to
Speaker 4: process it within this amount of time, and I mean
Speaker 4: it depends as well. Like I feel like at the moment,
Speaker 4: you're in the position where we have all been where
Speaker 4: you're kind of likeck, I'll just take what I can get,
Speaker 4: thank you so much, Like I don't want to argue,
Speaker 4: don't want to rock the boat, which is totally fine.
Speaker 4: But I think once you're a bit more settled and
Speaker 4: you know, a bit more feeling like you're in your
Speaker 4: center of power or whatever, you can be a little
Speaker 4: bit more like you can push back on it a
Speaker 4: little more because it is not that hard to facilitate
Speaker 4: unless they are literally just paying an accountant one day
Speaker 4: out of a month to process things, gotcha. Generally speaking,
Speaker 4: it can be done if it needs to be.
Speaker 2: Yeah, okay.
Speaker 6: I have this like funny thing that's like, you know,
Speaker 6: when you argue back or like not it's not arguing,
Speaker 6: but like you push back on something or you like
Speaker 6: come back with like you try and meet in the middle.
Speaker 2: In my mind, I'm always like, oh my gosh, they're
Speaker 2: going to be like, actually, you know.
Speaker 6: What, since you're being difficult, we're not going to pay
Speaker 6: this ever, So that's my fear.
Speaker 2: But I will if you've already done the work.
Speaker 6: If it can't work that right, they come like, no,
Speaker 6: you're being annoying, We're not going to pay you.
Speaker 4: No. I mean, I think it's probably good to get
Speaker 4: out of the way a set of time, like when
Speaker 4: you're onboarding a client, or when you're like speaking to
Speaker 4: someone about potentially like working with them, it's a good
Speaker 4: thing to just kind of flag or you have like
Speaker 4: a generic email that you send with all of your
Speaker 4: basic actesnc's or whatever, because then you can kind of
Speaker 4: avoid that down the track. But yeah, otherwise, like it's
Speaker 4: like anything, it's all up for discussion.
Speaker 2: Okay, really good to know.
Speaker 6: Actually it has been a rough few weeks, as you know,
Speaker 6: I think I want to live vicariously through other people.
Speaker 2: So let's go through money wins.
Speaker 4: Well done, done, it was very smooth. I've got a
Speaker 4: bunch of really good ones. I'm going to start with
Speaker 4: one from Malice, who said I went to Woolworth's yesterday
Speaker 4: for a few items, and a lovely lady at the
Speaker 4: self serve checkouts approached me to offer me a gift
Speaker 4: basket on behalf of Woolworths because as they're trying to
Speaker 4: help their customers out with cost of living. She said
Speaker 4: it was a nice gesture and completely unexpected. And then
Speaker 4: somebody else, Taylor, said she had the same experience. So
Speaker 4: they must be just I don't know how they're figuring
Speaker 4: out or deciding, but they're just randomly sprinkling little my
Speaker 4: goodies to people. Though I know I need to head
Speaker 4: to that war work, I'm assuming it would be pretty
Speaker 4: much everywhere, But I just thought that was a really
Speaker 4: nice I mean, you know, really nice. They're making like
Speaker 4: record breaking profits and you know, really screwing the pooch.
Speaker 1: But.
Speaker 4: It's a really nice thing for them to give some
Speaker 4: people to give fasket. I guess next, I've put the
Speaker 4: money in from Alana, who said money loss. This one's
Speaker 4: a bit of a journey. Money loss. Dropped an airport
Speaker 4: pro When I was out in my walk money win.
Speaker 4: Found said AirPod pro on the road. When I went
Speaker 4: back to look for Oh, great money loss. Okay, it
Speaker 4: had been run over. I see money win.
Speaker 2: Oh it did still.
Speaker 5: God, sorry, this is great money win.
Speaker 2: It still worked.
Speaker 4: Money loss. It only half since I told you it
Speaker 4: was a journey's journey.
Speaker 2: Money loss. It only half worked.
Speaker 4: So I bought a new pair to claim on this
Speaker 4: year's tax. Oh it was all over the place that
Speaker 4: I do actually have one extra money win. Someone commented.
Speaker 4: Catherine commented and said, if you take them into Apple
Speaker 4: with your airpod's case because you've lost one or you've
Speaker 4: had one runover or whatever, they'll replace it for cheaper.
Speaker 2: And then somebody else said.
Speaker 4: Apparently you can buy a single airport, like you can
Speaker 4: replace just the one airpot.
Speaker 2: Really email or something to I think it Apple like
Speaker 2: you can just buy a singular AirPod.
Speaker 4: Which I thought was crazy because I just.
Speaker 2: Assumed you'd have to.
Speaker 4: I don't know why I assumed, but that you just
Speaker 4: have to buy a whole new one. And then I
Speaker 4: was like, well, then you just have one extra airport
Speaker 4: in case you lose one.
Speaker 6: I don't know, well money lost, money loss again, because
Speaker 6: there's people coming back and being like, hey, you didn't
Speaker 6: have to do that, you could I know, Well.
Speaker 2: It's all happening under this comment. That was the best journey.
Speaker 2: I'm really sorry, Alana, but thank you so much for sharing.
Speaker 6: I think that was absolutely, honestly amazing, so poetic.
Speaker 2: I want more of these.
Speaker 4: Get out of ten for storytelling. I love the storytelling.
Speaker 2: You good to know that you can buy a singular pod.
Speaker 4: As someone who absolutely I'm sure at some point in
Speaker 4: my life I will lose an air pod. Yes, that
Speaker 4: is so good to know. And I'm sure I've seen
Speaker 4: or heard of people who have lost one and gone
Speaker 4: I have to buy a whole new one. How annoying.
Speaker 2: Totally Apparently you.
Speaker 4: Don't have to apparently apparently. Next, I've got money in
Speaker 4: from Claire. She said, money win. She had over ten
Speaker 4: people RSVP no to were wedding next month.
Speaker 2: Great.
Speaker 4: Someone replied and said, I love this outlook, and Claire
Speaker 4: came back and said, I was getting so excited with
Speaker 4: every note that came through because we hit one thousand
Speaker 4: dollars that we wouldn't have to spend because of how
Speaker 4: many people had said no ching. She said, hot tip,
Speaker 4: do a weekday wedding. Not only will you say when
Speaker 4: you're per head costs, but some people are too busy
Speaker 4: they can't even come.
Speaker 2: Oh my god, that's actually a great idea. And it
Speaker 2: sounds like no hard feelings.
Speaker 6: She's she's so happy that's a wedding gift. One hundred percent.
Speaker 6: Your gift is you know how people say your presence is.
Speaker 2: Your lack of presence is a present. I feel like
Speaker 2: that's a really positive way to spin it. Absolutely, I
Speaker 2: love that. Well done, Claire.
Speaker 4: Next, I've got money win from Angela, and she said
Speaker 4: she's making use of free group fitness classes at her workplace.
Speaker 4: She said, it's a strength and positive win for her wellbeing.
Speaker 2: I just want to remind people YouTube.
Speaker 4: I've been really into the YouTube yoga classes because as
Speaker 4: you as I've said, I'm in my parts Princess era.
Speaker 4: I'm loving it. Happily paid class but they're not cheap. Yeah,
Speaker 4: and so I like to do yogur as well, but
Speaker 4: I was like, I cannot justify having two sets of memberships.
Speaker 4: So I've been yoga with Adrian. I feel like every
Speaker 4: person on the planet knows yoga with Adrian. But you'll
Speaker 4: hear me like you don't.
Speaker 2: No, I don't.
Speaker 6: But I'm also thinking, like yoga's quite zin and then
Speaker 6: like halfway through there's like the loudest KFC ad to
Speaker 6: ever exist.
Speaker 2: That I actually don't think I've had that problem about it.
Speaker 4: I do like I turn the lights down, I try
Speaker 4: and like set up like a yoga studio vibe but
Speaker 4: a candle.
Speaker 2: Sure, it's like.
Speaker 6: What if I don't care like the of your beautiful zen.
Speaker 2: I'm just like in down with dogs in my mind.
Speaker 2: That is the funniest thing. So it hilarious. Keep doing it.
Speaker 2: Don't buy YouTube premium, just sit through the case through.
Speaker 4: Thats just a good reminder, like if you're also wanting
Speaker 4: to do your health journey and maybe a workplace doesn't
Speaker 4: do them, Like there's so many people on YouTube who
Speaker 4: do really awesome workouts, all different kinds.
Speaker 2: Too, and they're free. Oh my god, that's so good.
Speaker 4: We love that. Last I've got moneyven for Emily who
Speaker 4: said money win. I saved six dollars on fuel with
Speaker 4: seven to eleven fuel lock this week, fuel the same
Speaker 4: fifteen bucks one time.
Speaker 2: That crazy, Well, I can't believe it.
Speaker 4: Checking out the areas too, Like I drove down the
Speaker 4: coast the other day and petrol in my area was
Speaker 4: like two dollost twenty.
Speaker 2: Went down the coast, it was only eighty. Yes, I
Speaker 2: was on my app so fast locking that. Oh my goodness.
Speaker 6: But I saw in Melton one dollar sixty for those paying.
Speaker 2: How good is that? He was sixty. It was a
Speaker 2: couple of days ago.
Speaker 4: So if it's changed, doesn't it pain you? I like,
Speaker 4: I remember feel so old. I remember when I was
Speaker 4: like a dollar twenty for petrol. I'm twenty and now
Speaker 4: I like, if I saw a dollar twenty, I would
Speaker 4: lose my damn mind. Oh my god, I would be
Speaker 4: filling up Jerry, I was about to say.
Speaker 6: I'd buy so many jerocans. Oh my gosh, those were
Speaker 6: the days. Honestly, I remember there was a time when
Speaker 6: it was eighty nine cents again like in like he
Speaker 6: went up to one fifty.
Speaker 2: It was like the standard and went.
Speaker 6: Down at eighty nine cents. You remember those days. No,
Speaker 6: it was a very short period of time.
Speaker 4: I'd a mister you remember producer remembers during COVID those
Speaker 4: were the days.
Speaker 6: Those were the days, COVID days. I missed that when
Speaker 6: everyone was sick, kidding.
Speaker 4: And we all were nice and supportive of each other,
Speaker 4: exactly for me.
Speaker 2: Do you have some beautiful broke tips?
Speaker 3: Though?
Speaker 2: To I do? I do have some broke tips. This
Speaker 2: is this is so weird. This never happened before. It's
Speaker 2: just a coincidence. I have some broke tips.
Speaker 6: Okay, So I only discovered this this morning, and apparently
Speaker 6: guys knew for a long time. And I think I've
Speaker 6: been spending a lot of money, way more than I
Speaker 6: should have been.
Speaker 2: But anyway, so.
Speaker 6: I'm sure some people have heard of Energy Made Easy
Speaker 6: dot g au. So basically I went on there this
Speaker 6: morning and I'm with house Shop, which I already knew
Speaker 6: probably wasn't the cheapest, but I just typed it all
Speaker 6: my details and then it kind of came back with
Speaker 6: what I could be paying every year.
Speaker 2: Like it gives you like offers, you upload.
Speaker 4: One of your bills, right, so it assesses I think,
Speaker 4: based on like it's giving you an accurate idea, like
Speaker 4: it measures the amount that easy used and your hairs
Speaker 4: it to pricing other places.
Speaker 6: I'm pretty sure yes, And I don't know if you
Speaker 6: have to upload the whole bill, but it just like
Speaker 6: there's a number on your bill that you just have
Speaker 6: to like enter into there. So just like make sure
Speaker 6: you have bill handy. There's nothing more annoying than when
Speaker 6: you're like, oh, just quickly do this while I'm like
Speaker 6: scrolling on the toilet and they're like, can we have
Speaker 6: your literally everything you've ever needed?
Speaker 2: And it's so annoying. But anyway, so just have a
Speaker 2: bill handy.
Speaker 6: That's all you need and then go on, just jump
Speaker 6: on and see what you can get because it's so
Speaker 6: much cheaper than I want to pay, and it's almost
Speaker 6: sickening how much I could have had. But anyway, now
Speaker 6: I usually do start with community broke tips, but this
Speaker 6: week because I put something on my story yesterday and
Speaker 6: if you're not following me at BECKSID if you like,
Speaker 6: and I just I wanted.
Speaker 2: To run through a few little broke tips.
Speaker 6: That people had, which I think a lot of them,
Speaker 6: Like some of them are general knowledge. Some of them
Speaker 6: you might not have even thought of before. One that
Speaker 6: we did talk about a long time ago. I think,
Speaker 6: actually this is so weird because it.
Speaker 2: Was just us two last night. I spoke about this.
Speaker 6: I coined in from the reject shop and save all
Speaker 6: You'll loose change suah. And if that's like I remember
Speaker 6: talking about it, and I was saying that I like
Speaker 6: put fifty bucks in and then like within twenty minutes
Speaker 6: like had my mail, clippers and everything that I could
Speaker 6: find to try and open it back up. But if
Speaker 6: you're not like me, it's a really good way to
Speaker 6: Obviously you won't get like interest and things like that,
Speaker 6: but if you just want somewhere where you literally physically
Speaker 6: cannot touch your money, just like chuck in a coined in,
Speaker 6: they're actually pretty good.
Speaker 2: They're very very hard to open.
Speaker 4: The way to set up the habit of saving too,
Speaker 4: just like getting it. I mean, like if you're someone
Speaker 4: who will take it out of your bank. It's so
Speaker 4: hard to touch. The nail clips aren't going to do
Speaker 4: the job. Like it's a good way to just get it.
Speaker 4: Like some people will put all their coins in. I
Speaker 4: know someone who would save all their five dollar notes.
Speaker 6: Is another one, Yes, exactly, And it does feel so
Speaker 6: good and then you become motivated and you can get
Speaker 6: out anyway. I've got another one that says, only is
Speaker 6: a small pea sized amount of toothpaste. You don't need
Speaker 6: to cover your entire toothbrush. This person has saved so
Speaker 6: much money, genuinely, like over the year by just like
Speaker 6: reducing the amount of toothpaste you use. Yeah, you still
Speaker 6: you can scrub the teeth, you can get all over
Speaker 6: the mouth, but you just like half your toothpaste about
Speaker 6: and just see how much you save. And it doesn't
Speaker 6: seem like a lot in the short term, but in
Speaker 6: the long term, like how much you spending on toothpaste.
Speaker 4: Laundry powder too, reduce the amount of lady put in
Speaker 4: exactly since when I'm sorry, I went to buy laundry
Speaker 4: pods the other day, sixty dollars for how many I
Speaker 4: couldn't tell you, Like if they were like the pre
Speaker 4: made pods, not like the box of powder.
Speaker 2: Okay, I'm sorry, sixty dollars.
Speaker 4: It was half priced at like thirty four or something,
Speaker 4: and I was like, are you very joking? I genuinely
Speaker 4: could up like powder only from now on.
Speaker 2: I'm sorry. Yeah, oh I couldn't believe it. Oh my god.
Speaker 2: That's but even then, yeah, less powder saved you more money. Yeah, totally,
Speaker 2: We'll just cut your pot in half. You could do.
Speaker 2: That would be very very messy.
Speaker 6: That tide pod sensation where everyone was like eating them,
Speaker 6: that is weird, but I get it.
Speaker 2: They do look very like nice and chewey.
Speaker 4: They very plump, plump, like the squeezing of them. I'm like,
Speaker 4: I just like have a little bit.
Speaker 6: Another person says potato cakes are still two dollars for
Speaker 6: three in a lot of places, so you can get
Speaker 6: it for filling and tasty snack all the cheap.
Speaker 2: Everyone's forgotten about the potato cakes. Potato cake totally, that's
Speaker 2: more than enough.
Speaker 6: I mean not for me. I'm gonna go with like,
Speaker 6: I'm gonna say nine potato cakes, but that's still what
Speaker 6: is that like six bucks? That's a whole meal, you
Speaker 6: know what? I mean chicken. You So if all els veils,
Speaker 6: grab yourself a potato cake. Someone said, inherent intergenerational wealth.
Speaker 6: Great ones and so easy to do. It's so easy.
Speaker 1: Now.
Speaker 6: This one I found was I really do think was
Speaker 6: interesting and it does probably seem like a little bit
Speaker 6: out of reach for a lot of people. But avoid
Speaker 6: paying rent by living in a van and occasionally how sitting.
Speaker 2: I guess if you're like a solo and I've literally thought.
Speaker 6: About this in the past, like buy myself a van,
Speaker 6: get an anytime fitness membership, shower it anytime fitness.
Speaker 2: Yeah, and then occasionally how sit?
Speaker 4: I get van life stuff on my TikTok a lot. Yeah,
Speaker 4: And it looked so fun, so fun, so fun. Another
Speaker 4: good one is pet sitting or house sitting. Yes, a
Speaker 4: friend of ours rate from mindlin your money. Actually house
Speaker 4: SATs like a prolonged period of time. I think she
Speaker 4: was house sitting and petty sitting for someone through like
Speaker 4: a platform. I can't remember what it was, but she
Speaker 4: lived there for I want to say, over a month,
Speaker 4: like it was a prolonged period of time. And you're
Speaker 4: paid to like live, which is crazy.
Speaker 2: Oh, you're saving so much money.
Speaker 4: You're saving so much money, you get to live somewhere
Speaker 4: nice and maybe in a cool location. Maybe there's a
Speaker 4: fun little fairy friend for you to hang out with. Like,
Speaker 4: it seems like all ups to me totally. Any downsides, No,
Speaker 4: not that we can think of, Not that we can
Speaker 4: think of. I'll leave it on this one.
Speaker 6: Someone else said, cold shower as low as both your
Speaker 6: gas bills and your therapy bills.
Speaker 2: That is so true. I did go through a period
Speaker 2: of cold showers, did you. I did.
Speaker 6: And it's like you do have to work your way
Speaker 6: up like that, like hyperventilating that you get. Honestly, I
Speaker 6: didn't even flinch after like a few weeks of cold showers.
Speaker 6: It's crazy. It's crazy. And it is so good for
Speaker 6: the brain. I mean, it's got for.
Speaker 2: Your hair too.
Speaker 4: Apparently it's good for your hair, it's good for your
Speaker 4: immune system. I didn't get sick at all. So you're
Speaker 4: saving money on like cold and flu tablets. Now, if
Speaker 4: you have a clinical you know, diagnosis, this might not
Speaker 4: help you. But if you're just like generally feeling flat,
Speaker 4: it could help you your mental health.
Speaker 2: It's just like ice bathing. It's ice barth sort of situation.
Speaker 4: Like I so many people say it's so good, they
Speaker 4: feel so great, traila a lot, and I just don't
Speaker 4: think I could physically get myself to I think my
Speaker 4: fight or flight would kick in and my body would
Speaker 4: be like no, like holding onto the sides, like don't
Speaker 4: put me in, don't put me in.
Speaker 2: Yeah right, it would be the help up.
Speaker 4: Yeah, yeah, yeah, I could.
Speaker 2: Be that person for you. Thank You'm welcome.
Speaker 4: On that note, let's head to a really quick break
Speaker 4: and when we come back, we're going to chat about
Speaker 4: something that we have both experience, which is a redundancy,
Speaker 4: and we get to unpack something that you, guys slit
Speaker 4: into ot dms about which this week is all about
Speaker 4: pay rises and how to navigate them.
Speaker 2: Don't go anywhere, guys. Welcome back, guys. Here's our money dilemma.
Speaker 3: Hi, there, have you got a money dilemma you just
Speaker 3: can't solve? The Sheese on the Money team is here
Speaker 3: to help. Every week, we tackle your dilemmas, both big
Speaker 3: and small, to answer your most burning money, career and
Speaker 3: life questions. To get involved, simply head to our website
Speaker 3: and leave us a short voice recording and you might
Speaker 3: just find yourself on the show now let's take a
Speaker 3: listen to this week's money dilemma.
Speaker 7: Hi, I've just been made redundant and I'm pretty down
Speaker 7: about it, to be honest. So I was wondering what
Speaker 7: I should do when it comes to my resume. Should
Speaker 7: I mention the redundancy or just pretend that I quit?
Speaker 7: Is their stigma around redundancy because this is all very
Speaker 7: new to me. Thank you.
Speaker 4: Oh, I'm so sorry that you're going through this because
Speaker 4: we've both experienced redundancy. Back obviously is navigating the waters
Speaker 4: of that. And I think it's interesting because we I've
Speaker 4: said this to you before, I feel like we both
Speaker 4: handled it extremely differently.
Speaker 2: Yes, so I'm.
Speaker 4: Very excited because I feel like we've got two different
Speaker 4: kinds of trains of thought on this.
Speaker 2: Do you want first? Because you're lack in the thick
Speaker 2: of it right now?
Speaker 4: Sure?
Speaker 6: Sure, sure, this is a really good question. On my
Speaker 6: resume and my even my cover letters as well. I
Speaker 6: mentioned that I had been made redundant because I kind
Speaker 6: of wanted my future employers to know that I had
Speaker 6: no intention of leaving the company, Like I am quite
Speaker 6: loyal and I don't know if that's a thing anymore,
Speaker 6: Like do people care about that, but I was like,
Speaker 6: you know, I had no intention of leaving this place.
Speaker 2: I really loved my job.
Speaker 6: Also because I had only been in the role for
Speaker 6: like a year, so I was like, I don't know
Speaker 6: what this will look like. I want them to know
Speaker 6: that I had no choice in this and I loved
Speaker 6: this job and I love this kind of work. So
Speaker 6: I made it a point to mention. But when you
Speaker 6: look at me, it's been three months and I haven't
Speaker 6: got a job so frillancing. I am frillancing at the
Speaker 6: same place that I got made redundant. So it's it's,
Speaker 6: you know, I've made those connections with me, those relationships,
Speaker 6: and they say that they do know that I've been
Speaker 6: made redundant, of course, but I feel like that's probably
Speaker 6: more so because of the relationships I have unless so
Speaker 6: the you know, they don't didn't have to like look
Speaker 6: at my rasume or anything. So but if you look
Speaker 6: at like the outside of that, it's like, oh, I've
Speaker 6: not really had much success the field of looking of searching,
Speaker 6: and so.
Speaker 2: Maybe you shouldn't do that. I don't know.
Speaker 4: I don't think that it's a bad thing. I think
Speaker 4: that the circumstances of redundancy probably play a big role.
Speaker 4: For example, you know, there's a difference between being laid
Speaker 4: off as a part of you know, a thirty percent
Speaker 4: cut across a business versus if perhaps your role was
Speaker 4: proved to be ineffective. Not that it should matter, but
Speaker 4: I think that people might sometimes perceive it a little
Speaker 4: bit differently, like they you know, there's a risk in
Speaker 4: the smaller scale that people might go, oh, like, was
Speaker 4: it because that job wasn't needed? Was it because perhaps
Speaker 4: they weren't you know, fulfilling the needs of the role
Speaker 4: or whatever. So I mean, I guess as an argument
Speaker 4: of that, I don't think it's a bad thing to
Speaker 4: have it on your CV. I think, like, as you said,
Speaker 4: it's a good way to explain the change, yea. And
Speaker 4: I think that ultimately, like nobody should be held to
Speaker 4: be at fault for being made redundant. And that's where
Speaker 4: I say that we had very different experiences or like
Speaker 4: can be redundan very differently, because I think you've been
Speaker 4: so positive in your experience and you've just been really like,
Speaker 4: you know, it is what it is, and you've taken
Speaker 4: it on and you've copped it, and you're just like
Speaker 4: it'll be fine. I'll figure it out you like, which
Speaker 4: I think is very reflective of your personality and just
Speaker 4: how you take on life. But I remember it's been many,
Speaker 4: many years, thankfully since I was made redundant and I
Speaker 4: was a mess. I just I took it really hard.
Speaker 4: And I want to say to our listener in case
Speaker 4: they're feeling the same way, that your redundancy is not
Speaker 4: a reflection of you as a person or you as
Speaker 4: an employee, because I think when it happened to me,
Speaker 4: I took it really personally and I felt like I
Speaker 4: was a failure, and I felt like no one's gonna
Speaker 4: want to imploy me because I got made redundant, and
Speaker 4: it was really hard to separate myself and my skill
Speaker 4: set and then talk myself up when I felt like
Speaker 4: I had failed. So I just want to say that
Speaker 4: as a little addendum in regards to the resume, I
Speaker 4: think have it on there. I don't think it's the
Speaker 4: worst thing in the world. I think it also allows
Speaker 4: you to have that conversation when you're in the room,
Speaker 4: if you're hopefully having an interview, you can chat through
Speaker 4: the conversation or the experience a little bit more and explain,
Speaker 4: not that you owe anybody in an explanation, but let
Speaker 4: them know maybe what happens, Like, was it a big
Speaker 4: workforce like change and unfortunately you just ended up on
Speaker 4: the chopping block? Was it that you know, it was
Speaker 4: a really small business and during COVID they had to
Speaker 4: scale back and you were.
Speaker 2: A fallout as a part of that.
Speaker 4: There's so many different things that can happen when it
Speaker 4: comes to the stigma side of things. I want to say, no,
Speaker 4: I think the stigma mostly probably comes from insight, like
Speaker 4: from us, like what I was saying that I really
Speaker 4: did and I really took on. I would hope that
Speaker 4: employers aren't holding something like a redundancy against you. It's
Speaker 4: very different from being fired, and maybe we should clarify
Speaker 4: in case there as anybody who doesn't know the difference.
Speaker 4: When you're fired, it's because your employer has decided that
Speaker 4: they feel that you're not fulfilling the needs of your
Speaker 4: role in one way or another. Generally speaking, maybe culturally
Speaker 4: you're not the right fit. Maybe you know, the workload
Speaker 4: isn't quite aligned to what you take on, or your
Speaker 4: skill set isn't quite right.
Speaker 2: And obviously it's a much broader.
Speaker 4: You know, you can be fired unfairly, and there are
Speaker 4: all of these, like, there's lots of complex reasons I
Speaker 4: suppose why you can be let go. But a redundancy
Speaker 4: is very specific in that your role ceases to exist.
Speaker 4: It's not a matter of oh, Beck, well we're going
Speaker 4: to get rid of you. You're made redundant, but we're
Speaker 4: going to put someone else in the exact same job.
Speaker 4: Redundancy means that that role within that company no longer exists,
Speaker 4: and as a result, the employee can no longer fulfill it.
Speaker 4: And sometimes you're lucky and you can be put into
Speaker 4: a different role in the same company, but sometimes, unfortunately,
Speaker 4: that means that you are no longer employed.
Speaker 2: Yes, you are so right about that.
Speaker 6: Really powerful what you say about how the stigma comes
Speaker 6: from within.
Speaker 2: That's really beautiful, Steve, Isn't that I wanted to ask you?
Speaker 4: Have you felt like when you've had to tell people
Speaker 4: that you've been made redundant, maybe friends or family or
Speaker 4: people around you, your network because you're looking for a job.
Speaker 4: How have you felt doing that? Has it been relatively easy?
Speaker 4: Have you felt any judgment or anything like that?
Speaker 6: Honestly, worrying about judgment, never even for a micro.
Speaker 2: Second cross my mind.
Speaker 6: I think I was more just like, this is a
Speaker 6: bit awkward, because it's like saying I've gone to a
Speaker 6: car accident or something something that like people immediately kind
Speaker 6: of like, oh, I'm so sorry, or like and I
Speaker 6: think I'm so sorry.
Speaker 2: That was my immediate response to you, which.
Speaker 6: Is honestly lovely, Like I personally like, I know this
Speaker 6: is probably not a popular opinion, but a pity and sympathy.
Speaker 2: I love it.
Speaker 6: Me please later on me, I love it, but I
Speaker 6: guess at the start, I was like really sad. So
Speaker 6: when you messaged me, I was like, this is so kind.
Speaker 6: I'm really really grateful for your sympathy and your empathy.
Speaker 6: And then toward now, because it's been so long, when
Speaker 6: I tell people, I'd still like to tell people I'm
Speaker 6: not working because I was made redundant, but the emotion's
Speaker 6: kind of gone now and I'm still like in the office,
Speaker 6: so I still see people. I'm not grieving the loss
Speaker 6: of like the whole company in my day to day
Speaker 6: and the culture anymore because I'm still here. So when
Speaker 6: I tell people that, I'm more just like I just
Speaker 6: feel a bit awkward.
Speaker 2: I think I'm just like, oh, I just like but
Speaker 2: I was made redundant. But hey, everything's okay. Now look
Speaker 2: at me.
Speaker 6: I'm having great time. So I think that's my only
Speaker 6: concern in telling people. But at the start, I was
Speaker 6: like kind of like, hey, I was made redundant. Can
Speaker 6: everyone give me attention? Now, everyone give some sympathy, and
Speaker 6: everyone showered me in gifts and love and it was
Speaker 6: a really while it was like a really awful thing
Speaker 6: to happen, the days that followed were like so much fun.
Speaker 6: Like everyone was like messaging me, Like producer came over
Speaker 6: and like sat on the stroop outside of my house
Speaker 6: with me, and like we just like had a great time.
Speaker 6: So yeah, I honestly haven't worried about judgment, and I
Speaker 6: don't think anyone's judged me as.
Speaker 2: Well, like even Urry quite.
Speaker 6: No, I don't think so. But I don't think people
Speaker 6: think like that about redundancy. Even with like being fired,
Speaker 6: I feel like it is different, but it's still, you know,
Speaker 6: in this cost of living, this like kind of like
Speaker 6: everyone's kind of being made redundant. No one really knows
Speaker 6: what's going on, whether you're fired or made redundant. People
Speaker 6: are kind of like it's gonna happen.
Speaker 2: You know, what about you? How did you feel?
Speaker 4: I remember I was really embarrassed, and I think that
Speaker 4: comes back to internalizing the way that I was feeling.
Speaker 4: And yeah, I don't think that anybody judged me. I
Speaker 4: would certainly never judge anybody. You don't know anyone who would.
Speaker 4: But I think again, like because I was feeling like
Speaker 4: the problem was me and I was feeling like, oh
Speaker 4: my gosh, like I can't believe this. I don't want
Speaker 4: to tell anybody like I really embarrassed is the word
Speaker 4: that comes to mind. And like, obviously I told the
Speaker 4: people around me, who were all same as you, very supportive,
Speaker 4: very kind, but I think professional sense I was like,
Speaker 4: well what do I do? And so my one piece
Speaker 4: of advice, in addition to like letting it go and
Speaker 4: being okay with it because it's not something that you
Speaker 4: should feel bad about, is jump on LinkedIn if you're
Speaker 4: not already on LinkedIn, because I think like a little
Speaker 4: post to your network just saying hey, everybody, I'm now
Speaker 4: looking for you.
Speaker 2: You don't even have to go into it.
Speaker 4: I'm mail looking for new opportunities in xyzed. If anyone
Speaker 4: knows of anything.
Speaker 2: Let me know.
Speaker 4: I'm a big fan of LinkedIn for networking. I think
Speaker 4: it's awesome for that kind of stuff. And you never
Speaker 4: know who knows someone who knows someone that might be
Speaker 4: looking to hire your role. So I would say, do
Speaker 4: use your network as much as you can, put feelers
Speaker 4: out to people you've worked with previously, all those kinds
Speaker 4: of things. But yeah, ultimately, don't feel bad about it.
Speaker 2: It's not your fault.
Speaker 4: I love that and I completely agree. Not to change
Speaker 4: the tone a little bit, but shall we talk still
Speaker 4: career focused? Actually this is kind of in theme, oh group,
Speaker 4: this week's money dilemma? Do you want to hear it?
Speaker 4: Please listener set hi fam I've got a money dilemma
Speaker 4: and any advice would be so appreciate it. I have
Speaker 4: been working in the same company for almost two years now.
Speaker 4: I've been on the same pay since internship through to
Speaker 4: full time while taking on more responsibility. I thought about
Speaker 4: changing jobs, but one of the teammates left the company
Speaker 4: and I was off at their role at that time.
Speaker 4: My manager said we could have the salary talk in
Speaker 4: a few months. So I had been taking more work
Speaker 4: for the same amount of pay. Fast forward three months
Speaker 4: to today. I finally had the salary talk, but was
Speaker 4: told the promotion didn't get approved and they will work
Speaker 4: to get me there in another three months. I didn't
Speaker 4: get the rais I was looking for, and they are
Speaker 4: now hiring for someone new entry level, but at a
Speaker 4: higher pay rate than me. My manager is aware of
Speaker 4: this and said it's not fair. However, nothing practical has
Speaker 4: been done. Should I still be waiting another three months
Speaker 4: or is this assigned to leave?
Speaker 2: Oh my goodness, nothing makes me more annoyed.
Speaker 6: I think two because this is quite topical with a
Speaker 6: lot of my friends, and actually we were just talking
Speaker 6: about this off air. But I think some employers they
Speaker 6: dangle a carrot, so you're like doing all the work
Speaker 6: still and doing it to your best ability because you're like, oh,
Speaker 6: I really want this pay rise. I'm gonna work so
Speaker 6: hard to get there, and then they dangle this carrot,
Speaker 6: they give you hope, and then you keep working really
Speaker 6: really hard, so your output is like probably the amount
Speaker 6: of like one and a half to two people, and
Speaker 6: they're paying you very low. If I've understood this correctly,
Speaker 6: the same rate as when they were an intern.
Speaker 2: Correct. Yeah, that is outrageous.
Speaker 6: That is not even like subtly gently paying you a
Speaker 6: little bit less. That's like, this is so outrageous. Don't
Speaker 6: stay there any longer because the longer you just try it,
Speaker 6: just keep looking, maybe doing quit immediately because like turns
Speaker 6: out it's not that easier to but just start looking
Speaker 6: right now, because I can guarantee you'll find something that
Speaker 6: pays better. And also the amount of time that you're
Speaker 6: waiting for this pay rise that might not ever come.
Speaker 6: Imagine like if you got something that paid like several
Speaker 6: hundred dollars extra a month, what a difference it would make,
Speaker 6: What a difference it would make, and how much more
Speaker 6: money you would be on like what you're wasting money,
Speaker 6: Not that you are, but you could be making so much.
Speaker 2: I just think you need to look elsewhere maybe if
Speaker 2: you can. I agree.
Speaker 4: I think in two years you should have just had
Speaker 4: a standardized pay rise, you know, in line with we've
Speaker 4: spoken about, in line with inflation. It was very controversial,
Speaker 4: but some sort of pay rise in a two year
Speaker 4: period as a minimum, let alone with the jump from
Speaker 4: internship to full time employee, which suggests a jump in
Speaker 4: skill set and as our listener said, responsibility totally. I
Speaker 4: think like everything that they have said, from you know
Speaker 4: how long it has been, to the fact that they're
Speaker 4: hiring someone at a higher pay rate than them, to
Speaker 4: the fact that they were asked to take on you know,
Speaker 4: their colleagues's role for the same amount of pay, it
Speaker 4: all just says to me so clearly that you are
Speaker 4: not valued or respected in your workplace. And I think ultimately,
Speaker 4: even if they turn around in three months it's like okay, yeah,
Speaker 4: like we'll give you a five percent pay rise and
Speaker 4: you go, Okay, that's great, the lack of respect doesn't change. Yes,
Speaker 4: Like you can pay somebody more and still be undervaluing
Speaker 4: them or still be not recognizing the value that they
Speaker 4: bring to their team or whatever it is that they're doing.
Speaker 4: And I think that you probably get to a point where,
Speaker 4: even if those good things do come, if you feel
Speaker 4: like you haven't been looked after or haven't been valued,
Speaker 4: that can be hard to get pasted too. And I
Speaker 4: think that mentally it sounds like it might be weighing
Speaker 4: on you a little bit, And I don't know that
Speaker 4: that will go away even if you get what you want,
Speaker 4: even if you do get that pay rise. So I
Speaker 4: think I completely agree leaving to me is the only
Speaker 4: sound option. As you said, make sure you have something
Speaker 4: lined up before you go. But I think that waiting
Speaker 4: three months in the hope that something will change, I
Speaker 4: don't think that it will. No, let's run through what
Speaker 4: everybody else had to say, though. We said, have you
Speaker 4: experienced anything similar in your job?
Speaker 2: This was so close.
Speaker 4: Fifty one percent cent yes, I've been in a situation
Speaker 4: exactly like this, and forty nine percent said no, I've
Speaker 4: had no issues with this stuff.
Speaker 2: Huh.
Speaker 4: Next, we said, if this was you, would you stay
Speaker 4: or would you leave? Two percent of people said I
Speaker 4: would stick it out and stay. Ninety eight percent of
Speaker 4: people said I'd.
Speaker 2: Be out the door. Bab WHOA. That's it.
Speaker 4: I think it's so clear to everybody that it seems
Speaker 4: like there's only one option.
Speaker 6: Yes, I'll read through some of the of course, two cents.
Speaker 6: I was just gonna say, like, I don't. When you're
Speaker 6: in it, you don't see it. So I think it's
Speaker 6: really good too. I'm really glad this this person wrote in,
Speaker 6: because now she can they can hopefully see.
Speaker 4: Hopefully enough people telling you will make you feel good
Speaker 4: about making the choice exactly. Firstly, somebody said don't let
Speaker 4: them exploit you any further, Queen, which I completely agree with.
Speaker 4: Somebody else said, review entitlements under the award. You can
Speaker 4: do this on the Fairwork website because you might actually
Speaker 4: have a case for being underpaid depending on what those
Speaker 4: rates were at an internship level. Somebody else said in Australia,
Speaker 4: the best way to get a pay rise is to
Speaker 4: switch jobs. Times have changed from when loyalty paid off.
Speaker 4: We've done a full even Victoria did a whole episode
Speaker 4: on that on job popping, and it is true. Unfortunately,
Speaker 4: the statistics don't lie. Somebody else said Red Flag read
Speaker 4: the book work Won't Love You Back. I haven't read it,
Speaker 4: but sounds like it could be really interesting. Someone did say,
Speaker 4: I suppose a play Devil's Advocate. If you do stay,
Speaker 4: ask for agreed upon KPIs for the next three months
Speaker 4: and schedule in progress check ins fortnightly or regularly, which
Speaker 4: I think is probably a good thing to say.
Speaker 2: Yeah.
Speaker 4: They also said any renegotiated pay should be paid from
Speaker 4: the commencement of the role three months ago, so see
Speaker 4: if you can backpay it, which I think are both
Speaker 4: really practical ideas. If you do choose to stay, to
Speaker 4: make sure that you're still being looked after. The person
Speaker 4: who wrote all that in is actually a HR man. Sorry,
Speaker 4: she wrote lots of things in what's the Little Boxes
Speaker 4: because you could only fit so many And she said
Speaker 4: she's a HR manager and pay is primarily based on role,
Speaker 4: so a change in responsibility should equate to a change
Speaker 4: in pay, yes, which obviously isn't what happened. Quite a
Speaker 4: few people have said that she's being charged a loyalty tax.
Speaker 4: Somebody said, no, you're worth and chase it completely agree.
Speaker 4: Lots of people just saying this is a big red flag.
Speaker 4: This is so disrespectful. You're not being valued, gir you
Speaker 4: need to run like I can't even tell you. I'm
Speaker 4: scrolling and scrolling and scrolling, and all of these messages
Speaker 4: are echoing effectively the same sentiment, which is run baby. Literally,
Speaker 4: couldn't have said it more concise, Get out of their girl.
Speaker 2: Also name and Jane, I mean message us. Yeah, you
Speaker 2: got us know we're always curious, yes, curious.
Speaker 4: But yeah, I feel like I really don't have anything
Speaker 4: to add to that other than no, exactly what we've
Speaker 4: said that you feel like you're being undervalued, and chances
Speaker 4: are ifyone elsewhere you could earn more money doing the same,
Speaker 4: maybe even doing less, and find a space that respects
Speaker 4: and values you for everything that you're doing, because, at
Speaker 4: a bare minimum, that's what you deserve.
Speaker 6: Yes, completely agree. Also get some revenge. Quit day of
Speaker 6: never go back. I know it's not allowed, but just
Speaker 6: do it.
Speaker 2: You're like Policiy and just be out of there.
Speaker 6: Yeah, exactly, exactly, No, I think it's a great place
Speaker 6: to leave it. Get out of there girl, and you
Speaker 6: got this agreed.
Speaker 4: Thank you guys so much for joining us this week.
Speaker 4: Victoria will be back next week, which is very exciting.
Speaker 4: It's been fun hanging out with you, Bexter has been
Speaker 4: so much fun lovely. If you want to keep up
Speaker 4: with us, if you want to join in on our
Speaker 4: polls that we do every week for Money Dilemma, you
Speaker 4: can find us on Instagram at She's in the Money AUS.
Speaker 4: We've got a Facebook group as well. We'd love to
Speaker 4: see you there. But otherwise, have a fab weekend and
Speaker 4: Victoria will see you Broughton early on Monday.
Speaker 2: From Money Diary, Bye guys. Bye.
Speaker 3: The advice shared on She's on the Money is general
Speaker 3: in nature and does not consider your individual circumstances. She's
Speaker 3: on the Money exists purely for educational purposes and should
Speaker 3: not be relied upon to make an investment or financial decision.
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