1 00:00:00,680 --> 00:00:05,040 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order 2 00:00:05,160 --> 00:00:08,760 Speaker 1: Order Kerni Whaltbury and a waddery woman. And before we 3 00:00:08,800 --> 00:00:11,440 Speaker 1: get started on She's on the Money podcast, I would 4 00:00:11,520 --> 00:00:14,520 Speaker 1: like to acknowledge the traditional custodians of the land of 5 00:00:14,560 --> 00:00:18,680 Speaker 1: which this podcast is recorded on a wondery country, acknowledging 6 00:00:18,680 --> 00:00:22,560 Speaker 1: the elders, the ancestors and the next generation coming through 7 00:00:23,040 --> 00:00:27,159 Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and 8 00:00:27,200 --> 00:00:30,560 Speaker 1: the storytelling of you to make a difference for today 9 00:00:31,040 --> 00:00:33,080 Speaker 1: and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:34,200 Speaker 2: Let's get into it. 11 00:00:34,360 --> 00:00:53,640 Speaker 3: She's on the Money, She's on the Money. 12 00:00:57,360 --> 00:00:59,560 Speaker 4: Welcome to She's on the Money the podcast. It's all 13 00:00:59,560 --> 00:01:02,640 Speaker 4: about me. Your dollars stretch further than your favorite pair 14 00:01:02,680 --> 00:01:03,520 Speaker 4: of yoga pants. 15 00:01:03,560 --> 00:01:06,000 Speaker 2: That's really far. That's my favorite yoga pants. Made it 16 00:01:06,080 --> 00:01:08,120 Speaker 2: through a whole pregnancy. That's a lot. 17 00:01:09,959 --> 00:01:12,600 Speaker 4: That sounded very like you did stretch them, But I 18 00:01:12,640 --> 00:01:15,840 Speaker 4: did objectively. It didn't look like the case literally and physically, 19 00:01:15,840 --> 00:01:18,160 Speaker 4: so you know that. But with the cost of living 20 00:01:18,200 --> 00:01:20,880 Speaker 4: crisis squeezing your all at tighter than ever, you've already 21 00:01:20,880 --> 00:01:24,120 Speaker 4: cut out your daily coffees. Unsubscribed from those extra streaming 22 00:01:24,120 --> 00:01:26,840 Speaker 4: services and feel like your belt can't get any tighter. 23 00:01:27,120 --> 00:01:29,560 Speaker 4: If you're feeling helpless, you're not alone, and today we 24 00:01:29,640 --> 00:01:33,040 Speaker 4: are here to tell you it's not personal failure. Now, 25 00:01:33,080 --> 00:01:36,240 Speaker 4: I couldn't talk about money really without bringing the Queen 26 00:01:36,280 --> 00:01:38,039 Speaker 4: of Budgeting herself, Victoria de Vine. 27 00:01:38,080 --> 00:01:41,760 Speaker 2: Hello, It's not like I didn't interject myself into this conversation. Earlier. 28 00:01:42,000 --> 00:01:44,039 Speaker 2: You mentioned yeroga pants and I was like, this episode 29 00:01:44,080 --> 00:01:47,120 Speaker 2: got a jump for me. It's absolutely for me. I'm 30 00:01:47,160 --> 00:01:49,920 Speaker 2: here for it. And I feel like everything when it 31 00:01:49,920 --> 00:01:52,680 Speaker 2: comes to talking about the Cause He Lives is really 32 00:01:52,720 --> 00:01:55,360 Speaker 2: negative at the moment. I feel like everything is doom 33 00:01:55,440 --> 00:01:57,800 Speaker 2: and gloom, and we don't want it to be. I 34 00:01:57,840 --> 00:02:01,080 Speaker 2: want to make sure that we are being positive at 35 00:02:01,080 --> 00:02:04,240 Speaker 2: the same time as trying to manage our finances. Like 36 00:02:04,480 --> 00:02:08,080 Speaker 2: finances can be overwhelming and uninspiring, and they can make 37 00:02:08,120 --> 00:02:12,080 Speaker 2: you feel like trash sometimes, beck But I think that 38 00:02:12,360 --> 00:02:13,840 Speaker 2: we need to do a bit of a reframe, and 39 00:02:13,880 --> 00:02:15,960 Speaker 2: I hope that this episode is the episode for that. 40 00:02:16,600 --> 00:02:18,079 Speaker 4: I think we're all kind of like in a similar 41 00:02:18,120 --> 00:02:19,760 Speaker 4: situation right now. I think that you know, there's some 42 00:02:19,800 --> 00:02:22,400 Speaker 4: people that it's not as hard on, but regardless of 43 00:02:22,440 --> 00:02:25,480 Speaker 4: where you are financially, things are getting more expensive. So 44 00:02:25,639 --> 00:02:28,239 Speaker 4: obviously we hear about Cozi lives on the daily, but 45 00:02:28,280 --> 00:02:30,200 Speaker 4: should we start with what it actually is. 46 00:02:30,360 --> 00:02:33,640 Speaker 2: So basically, the cost of living crisis happens when prices 47 00:02:33,720 --> 00:02:37,560 Speaker 2: go up faster than our paychecks do. Things like groceries 48 00:02:37,600 --> 00:02:40,200 Speaker 2: and ren and fuel they all get more expensive, but 49 00:02:40,280 --> 00:02:42,960 Speaker 2: our wages they just don't keep up. That gap makes 50 00:02:43,000 --> 00:02:45,840 Speaker 2: it so tough for people to maintain their standard of living. 51 00:02:46,080 --> 00:02:49,320 Speaker 2: And the big culprits here are inflation, supply chain and 52 00:02:49,360 --> 00:02:52,440 Speaker 2: the fact that demand for goods has absolutely skyrocketed. 53 00:02:52,520 --> 00:02:55,959 Speaker 4: Beck, Oh my god, it's scary. Hey, what about the 54 00:02:55,960 --> 00:02:57,800 Speaker 4: state of the world right now? Like, is that making 55 00:02:57,840 --> 00:02:58,200 Speaker 4: things worse? 56 00:02:58,280 --> 00:03:00,280 Speaker 2: Are you asking for an economic up date? 57 00:03:00,320 --> 00:03:00,519 Speaker 5: Beck? 58 00:03:00,680 --> 00:03:01,200 Speaker 2: Is it okay? 59 00:03:01,320 --> 00:03:01,519 Speaker 1: Oh? 60 00:03:01,600 --> 00:03:04,720 Speaker 2: Obviously Google events have played a really big part in 61 00:03:04,760 --> 00:03:07,400 Speaker 2: this crisis. So if you think about how the COVID 62 00:03:07,480 --> 00:03:11,040 Speaker 2: nineteen pandemic through absolutely everything off balance and supply chains 63 00:03:11,040 --> 00:03:14,399 Speaker 2: worldwide ended up messed up. When factories in China ended 64 00:03:14,480 --> 00:03:17,359 Speaker 2: up getting shut down, it didn't just mean fewer electronics 65 00:03:17,360 --> 00:03:20,160 Speaker 2: on the shelves. It also caused delays and price hikes 66 00:03:20,200 --> 00:03:23,519 Speaker 2: for stuff like toys and furniture and even building materials. 67 00:03:23,960 --> 00:03:27,040 Speaker 2: We also can't forget about the impact of global politics, 68 00:03:27,080 --> 00:03:29,880 Speaker 2: like the ongoing war in Ukraine. It's pushed up the 69 00:03:29,919 --> 00:03:33,040 Speaker 2: cost of things like oil and food all around the world. 70 00:03:33,120 --> 00:03:35,960 Speaker 2: Beck The World Bang says that because of the war, 71 00:03:36,160 --> 00:03:40,600 Speaker 2: prices for basics like wheat and sunflower oil have absolutely 72 00:03:40,680 --> 00:03:42,960 Speaker 2: gone through the roof, and we're feeling it here in 73 00:03:42,960 --> 00:03:46,080 Speaker 2: Australia as well, especially when it comes to how much 74 00:03:46,120 --> 00:03:48,839 Speaker 2: we're paying in the supermarket. Beck, when was the last 75 00:03:48,840 --> 00:03:49,960 Speaker 2: time you bought olive oil? 76 00:03:50,720 --> 00:03:53,760 Speaker 4: I went to buy olive oil a couple of weeks 77 00:03:53,800 --> 00:03:58,360 Speaker 4: ago and it was so expensive. 78 00:03:58,520 --> 00:04:00,800 Speaker 2: Olive oil not part of my journey anymore. Oh, it's 79 00:04:00,840 --> 00:04:03,160 Speaker 2: really not. And I was like, sunflole oil. That sounds healthy. 80 00:04:03,280 --> 00:04:05,480 Speaker 4: I'm gonna go with that. SCLA, I'll take it. 81 00:04:05,840 --> 00:04:08,160 Speaker 2: You know what, We're not even going to google those things. 82 00:04:08,520 --> 00:04:12,120 Speaker 2: I totally get that, though, and I feel like everybody 83 00:04:12,200 --> 00:04:14,200 Speaker 2: is feeling it. But I feel like oil for me 84 00:04:14,520 --> 00:04:16,520 Speaker 2: was the one thing I saw it and I was like, 85 00:04:16,560 --> 00:04:20,120 Speaker 2: this can't be right. Typo. This is a typo. And Beck, 86 00:04:20,360 --> 00:04:22,560 Speaker 2: let's move away from oil. Let's talk about numbers for 87 00:04:22,600 --> 00:04:25,320 Speaker 2: a hot second. Recent data from the Australian Bureau of 88 00:04:25,360 --> 00:04:29,240 Speaker 2: Statistics shows that inflation hit six point one percent by 89 00:04:29,279 --> 00:04:31,640 Speaker 2: June twenty twenty two, which is the highest we have 90 00:04:31,760 --> 00:04:35,160 Speaker 2: seen in twenty years. What does that mean for us? 91 00:04:35,200 --> 00:04:35,440 Speaker 1: Though? 92 00:04:35,680 --> 00:04:39,800 Speaker 2: Basically, literally everything costs more so grocery is fuel, everything 93 00:04:39,880 --> 00:04:43,000 Speaker 2: beck For example, bread went up by seven and a 94 00:04:43,080 --> 00:04:46,920 Speaker 2: half percent and fuel prices shot up by over thirty 95 00:04:46,960 --> 00:04:50,240 Speaker 2: percent in just one year, and I feel like our 96 00:04:50,440 --> 00:04:55,200 Speaker 2: entire community is feeling it totally. Between May twenty twenty 97 00:04:55,200 --> 00:04:58,520 Speaker 2: two and November twenty twenty three, the Reserve Bank of 98 00:04:58,560 --> 00:05:03,159 Speaker 2: Australia raised interest rates thirteen times, driving the cash rate 99 00:05:03,360 --> 00:05:07,520 Speaker 2: to a twelve year high of four point three five percent. 100 00:05:08,440 --> 00:05:12,080 Speaker 2: These interest rate hikes were a direct response to inflation, 101 00:05:12,320 --> 00:05:15,280 Speaker 2: which peaked at around eight percent in late twenty twenty two. 102 00:05:15,839 --> 00:05:20,560 Speaker 2: While the increases were intended to curb inflation, they've significantly 103 00:05:20,640 --> 00:05:24,520 Speaker 2: raised the cost of borrowing for households, particularly those with mortgages. 104 00:05:25,040 --> 00:05:28,559 Speaker 2: The impact on ossie households has been pretty brutal. Let's 105 00:05:28,600 --> 00:05:32,159 Speaker 2: be honest. On average, families now have ten thousand, seven 106 00:05:32,240 --> 00:05:35,359 Speaker 2: hundred dollars less each year to spend on discretionary items 107 00:05:35,400 --> 00:05:39,200 Speaker 2: like dining out and holidays. Mortgage holders have been the 108 00:05:39,200 --> 00:05:43,640 Speaker 2: most affected, though, with their discretionary spending being reduced by 109 00:05:43,720 --> 00:05:49,120 Speaker 2: twenty one thousand, three hundred dollars compared to twenty twenty. 110 00:05:49,760 --> 00:05:53,440 Speaker 2: Renters have also experienced a considerable reduction of thirteen thousand, 111 00:05:53,520 --> 00:05:57,679 Speaker 2: three hundred dollars in non essential spending, while homeowners without 112 00:05:57,760 --> 00:06:01,040 Speaker 2: mortgages have seen a decrease of seven one thousand, two 113 00:06:01,320 --> 00:06:04,680 Speaker 2: hundred dollars. Jeez, I'm not done yet either. Beck. Low 114 00:06:04,760 --> 00:06:08,920 Speaker 2: income households have been particularly affected. For those lowest twenty 115 00:06:08,960 --> 00:06:13,000 Speaker 2: percent of earners, essential expenses such as groceries and utilities 116 00:06:13,160 --> 00:06:16,760 Speaker 2: now exceed their income by an average of seventy five 117 00:06:17,000 --> 00:06:19,960 Speaker 2: dollars a week. Oh man, they're going into debt. Bek. 118 00:06:20,160 --> 00:06:23,479 Speaker 2: This has led to significant reductions in discretionary spending and 119 00:06:23,520 --> 00:06:27,840 Speaker 2: delayed essential purchases. The prolonged financial strain has resulted in 120 00:06:27,920 --> 00:06:32,480 Speaker 2: substantial lifestyle adjustments, including cutting back on clothing and groceries 121 00:06:32,680 --> 00:06:36,240 Speaker 2: and making really tough choices when it comes to managing finances. 122 00:06:36,520 --> 00:06:40,560 Speaker 2: Are out It is scary, and I know it's the 123 00:06:40,600 --> 00:06:43,200 Speaker 2: reality of the situation, right Like, yeah, it is what 124 00:06:43,279 --> 00:06:45,080 Speaker 2: it is, and we're out here trying our best to 125 00:06:45,160 --> 00:06:47,440 Speaker 2: help you through it. But we just need to get 126 00:06:47,520 --> 00:06:49,440 Speaker 2: on the same page, totally. 127 00:06:49,000 --> 00:06:50,920 Speaker 4: Get where people are feeling the pinch, especially those who 128 00:06:50,960 --> 00:06:53,760 Speaker 4: are like already on lower incomes. When your essentials cost 129 00:06:53,880 --> 00:06:58,160 Speaker 4: more than you actually make each week, it's impossible to 130 00:06:58,200 --> 00:07:00,719 Speaker 4: not feel the pressure. And it's stressful. 131 00:07:00,920 --> 00:07:04,640 Speaker 2: It's ely stressful, absolutely, and it's so easy to start 132 00:07:04,640 --> 00:07:07,119 Speaker 2: blaming yourself, thinking that like, I'm not good at money 133 00:07:07,200 --> 00:07:10,280 Speaker 2: or have done something wrong. But let's be absolutely clear here, 134 00:07:10,600 --> 00:07:13,520 Speaker 2: it is not your fault. There's an immense amount of 135 00:07:13,520 --> 00:07:16,119 Speaker 2: societal pressure to keep up with the rising cost of living, 136 00:07:16,120 --> 00:07:18,600 Speaker 2: and when it becomes overwhelming, you know what we do back, 137 00:07:18,680 --> 00:07:22,240 Speaker 2: We naturally turn inward. But the truth is we're living 138 00:07:22,240 --> 00:07:25,480 Speaker 2: in a system where the cost of essential goods like groceries, rent, 139 00:07:25,560 --> 00:07:29,200 Speaker 2: and fuel keeps climbing, and wages they're not catching up 140 00:07:29,560 --> 00:07:32,240 Speaker 2: no matter how hard you try. There's only so much 141 00:07:32,320 --> 00:07:35,239 Speaker 2: control that you can have. We really need to shift 142 00:07:35,240 --> 00:07:38,800 Speaker 2: the narrative away from individual responsibility and understand this is 143 00:07:38,840 --> 00:07:42,280 Speaker 2: a broader economic issue. People are doing absolutely everything that 144 00:07:42,320 --> 00:07:44,640 Speaker 2: they can to keep up. The problem is that the 145 00:07:44,760 --> 00:07:48,200 Speaker 2: system we in currently isn't set up for that. So 146 00:07:48,480 --> 00:07:51,480 Speaker 2: if you're feeling really guilty or you're stressed about your finances. 147 00:07:51,520 --> 00:07:53,840 Speaker 2: I need you to remember that this is bigger than 148 00:07:53,880 --> 00:07:57,960 Speaker 2: your budgeting skills. It's not about failing. It's about surviving 149 00:07:58,000 --> 00:08:00,640 Speaker 2: in an environment that has become more more and more 150 00:08:00,760 --> 00:08:04,000 Speaker 2: challenging for everyone. I think that it's not going to 151 00:08:04,000 --> 00:08:06,679 Speaker 2: surprise anyone, but you really need to look at exactly 152 00:08:06,680 --> 00:08:08,600 Speaker 2: where your money's going. And I know right now that's 153 00:08:08,640 --> 00:08:11,480 Speaker 2: really painful. I know that it's not what you want, 154 00:08:11,520 --> 00:08:13,360 Speaker 2: and you want to bury your head in the sand. 155 00:08:13,440 --> 00:08:15,040 Speaker 2: But I want you to get a fine tooth comb 156 00:08:15,040 --> 00:08:16,880 Speaker 2: and I want you to go through your finances, and 157 00:08:16,960 --> 00:08:20,040 Speaker 2: I mean everything from those sneaky little app subscriptions to 158 00:08:20,120 --> 00:08:22,120 Speaker 2: the quick trips to the shops where you pick up 159 00:08:22,160 --> 00:08:24,480 Speaker 2: extras when you don't need to, when you were there 160 00:08:24,560 --> 00:08:26,680 Speaker 2: just to get some milk. I want you to get 161 00:08:26,720 --> 00:08:29,480 Speaker 2: clear on where all of those small amounts are dropping away, 162 00:08:29,480 --> 00:08:32,200 Speaker 2: because they add up, and they add up so fast 163 00:08:32,640 --> 00:08:35,559 Speaker 2: they call them money leaks. And once you've spotted them, 164 00:08:35,679 --> 00:08:38,600 Speaker 2: you can decide what's really necessary and what's just here 165 00:08:38,679 --> 00:08:39,800 Speaker 2: draining your bank account. 166 00:08:39,840 --> 00:08:41,839 Speaker 4: Pick absolutely, and there are like apps that you can 167 00:08:41,960 --> 00:08:44,640 Speaker 4: use to like find those subscriptions that you've forgotten about and. 168 00:08:44,559 --> 00:08:47,440 Speaker 2: Connect and how many podcasts have we done where we're like, okay, cool, 169 00:08:47,520 --> 00:08:49,560 Speaker 2: this is how you call your subscriptions, this is how 170 00:08:49,600 --> 00:08:51,320 Speaker 2: you do this, this is how you do that. And 171 00:08:51,400 --> 00:08:53,160 Speaker 2: I think the one thing I want you to remember 172 00:08:53,640 --> 00:08:57,960 Speaker 2: is that before you dive in, it's not about restricting yourself. 173 00:08:58,040 --> 00:08:59,960 Speaker 2: It's actually about getting an idea of what the big 174 00:09:00,160 --> 00:09:01,960 Speaker 2: picture looks like. Let's have a look at the bigger 175 00:09:02,000 --> 00:09:04,120 Speaker 2: picture and see if we're comfortable with it. Let's see 176 00:09:04,160 --> 00:09:06,160 Speaker 2: if there's any shifting to do. Let's see what that 177 00:09:06,200 --> 00:09:08,480 Speaker 2: looks like. Because if you get rid of it right now, 178 00:09:08,520 --> 00:09:10,640 Speaker 2: beck doesn't mean it has to go forever. Maybe you 179 00:09:10,720 --> 00:09:12,480 Speaker 2: just want to build up a bit of an emergency 180 00:09:12,480 --> 00:09:14,559 Speaker 2: fund to feel a little bit more comfy and then 181 00:09:14,600 --> 00:09:16,440 Speaker 2: revert back to the way that you were spending. I 182 00:09:16,520 --> 00:09:18,760 Speaker 2: totally get it, but I think that we just need 183 00:09:18,760 --> 00:09:20,360 Speaker 2: to approach it a little bit differently. 184 00:09:20,520 --> 00:09:23,319 Speaker 4: Big thing here is, do not feel guilty about anything. 185 00:09:23,360 --> 00:09:26,920 Speaker 4: Don't feel guilty about wanting to indulge and maybe like 186 00:09:26,960 --> 00:09:29,439 Speaker 4: you're in a really stressed out situation because you're financially 187 00:09:29,559 --> 00:09:31,360 Speaker 4: not doing too well, Like, just don't feel guilty. This 188 00:09:31,480 --> 00:09:33,319 Speaker 4: is not on us. This is just the state of 189 00:09:33,360 --> 00:09:35,240 Speaker 4: the world, and we all have those small purchases that 190 00:09:35,240 --> 00:09:35,880 Speaker 4: slip through the. 191 00:09:35,800 --> 00:09:38,480 Speaker 2: Cracks one hundred percent. And the good news, Beck, is 192 00:09:38,480 --> 00:09:41,560 Speaker 2: that once you identify them, it's super easy to make 193 00:09:41,600 --> 00:09:44,520 Speaker 2: adjustments that give you so much more control over your money. 194 00:09:44,720 --> 00:09:47,920 Speaker 2: And that's empowering. Like today, I'm going to get all 195 00:09:47,960 --> 00:09:51,240 Speaker 2: Marie Condo on you because if you've seen my draws, 196 00:09:51,440 --> 00:09:54,679 Speaker 2: all my yoga leggings are like folded perfectly, and we're 197 00:09:54,679 --> 00:09:57,360 Speaker 2: going to do that for your finances. If these things 198 00:09:57,440 --> 00:09:59,880 Speaker 2: don't bring you joy, it's time to toss them out. 199 00:10:00,200 --> 00:10:02,000 Speaker 2: And do you know what I saw on TikTok the 200 00:10:02,040 --> 00:10:06,600 Speaker 2: other day because I'm chronically online, Beck, So someone was 201 00:10:06,640 --> 00:10:09,480 Speaker 2: saying that Marie Condo doesn't work for them. I get 202 00:10:09,480 --> 00:10:11,080 Speaker 2: it because like they go through and they're like, oh, 203 00:10:11,200 --> 00:10:12,880 Speaker 2: but like I'm a little bit of a hoarder and 204 00:10:12,920 --> 00:10:15,880 Speaker 2: I just need that maybe i'll need it later. And 205 00:10:15,960 --> 00:10:19,960 Speaker 2: someone did a stitch Beck and they said, all right, 206 00:10:20,000 --> 00:10:24,560 Speaker 2: I'm going to teach you the dog poo method. Have 207 00:10:24,679 --> 00:10:26,000 Speaker 2: you heard of the dog poo method? 208 00:10:26,120 --> 00:10:26,200 Speaker 1: No? 209 00:10:26,320 --> 00:10:27,760 Speaker 4: I have, never mind. 210 00:10:27,800 --> 00:10:31,640 Speaker 2: Okay, so if dog pooh got on that item, Yeah, 211 00:10:31,679 --> 00:10:33,600 Speaker 2: would you clean it and save it or would you 212 00:10:33,600 --> 00:10:34,160 Speaker 2: toss it out? 213 00:10:34,480 --> 00:10:35,960 Speaker 4: Yes, I did hear about this. 214 00:10:36,040 --> 00:10:38,600 Speaker 2: That is such a good So the dog poom method. 215 00:10:38,760 --> 00:10:41,320 Speaker 2: If the Marie Condo method isn't going to work for 216 00:10:41,360 --> 00:10:43,400 Speaker 2: you and there was dog poo on that item, would 217 00:10:43,440 --> 00:10:45,439 Speaker 2: you just throw it out or would you clean it 218 00:10:45,559 --> 00:10:47,800 Speaker 2: and save it and look after it anyway? 219 00:10:48,120 --> 00:10:49,960 Speaker 4: Oh, that's a really good way look at it. 220 00:10:50,080 --> 00:10:52,080 Speaker 2: Yeah, because there are so many things that I would 221 00:10:52,080 --> 00:10:54,280 Speaker 2: just yeet straight out if I had dog poo on it. 222 00:10:54,320 --> 00:10:56,680 Speaker 2: But like I would probably second guess about keeping in 223 00:10:56,720 --> 00:10:58,960 Speaker 2: my house. And recently that has been working for me. 224 00:10:59,120 --> 00:11:01,160 Speaker 2: So like, I don't know if that helps other people, 225 00:11:01,160 --> 00:11:02,960 Speaker 2: but it helped me, so I thought i'd share it. 226 00:11:03,200 --> 00:11:04,959 Speaker 4: So sorry, what's the Mariecondo method? 227 00:11:05,160 --> 00:11:07,720 Speaker 2: Some Mariecondo is if it doesn't spark joy in your life, 228 00:11:07,720 --> 00:11:09,840 Speaker 2: it is time to remove it from your life of course, 229 00:11:09,840 --> 00:11:12,680 Speaker 2: of course, right, So, things like those sneaky subscriptions that 230 00:11:12,679 --> 00:11:15,319 Speaker 2: you don't even remember signing up for or don't live 231 00:11:15,400 --> 00:11:17,240 Speaker 2: up to the hype. But let's go into our iPhone 232 00:11:17,280 --> 00:11:19,760 Speaker 2: settings and into our Google Play account and just get 233 00:11:19,840 --> 00:11:22,680 Speaker 2: rid of them. Press pause and do it right now, 234 00:11:22,840 --> 00:11:26,000 Speaker 2: like literally press pause on this podcast. Go have a look. 235 00:11:26,160 --> 00:11:28,240 Speaker 2: I'm a wait. We'll wait by here by wait, We'll 236 00:11:28,240 --> 00:11:29,200 Speaker 2: see you on the flip side. 237 00:11:29,200 --> 00:11:30,559 Speaker 4: Okay, I'm going to do it too. What about the 238 00:11:30,559 --> 00:11:33,199 Speaker 4: things that do make you happy or you do need? 239 00:11:33,480 --> 00:11:35,360 Speaker 4: And these two things aren't mutually exclusive. 240 00:11:35,440 --> 00:11:37,719 Speaker 2: We're not here to reign on your parade. Times are 241 00:11:37,920 --> 00:11:39,720 Speaker 2: tough enough as it is, and we still need to 242 00:11:39,840 --> 00:11:41,959 Speaker 2: enjoy life. So if they make you happy, I want 243 00:11:42,000 --> 00:11:44,560 Speaker 2: you to ask yourself, is there a cheapest swap that 244 00:11:44,679 --> 00:11:47,400 Speaker 2: could work just as well? And we know in our 245 00:11:47,440 --> 00:11:50,359 Speaker 2: She's on the Money community it's full of savvy individuals, 246 00:11:50,559 --> 00:11:53,040 Speaker 2: so I actually asked them for you for a little 247 00:11:53,080 --> 00:11:55,440 Speaker 2: bit of help on this episode. So after the break, 248 00:11:55,520 --> 00:11:58,160 Speaker 2: let's get clever about our spending together. 249 00:11:58,559 --> 00:12:05,520 Speaker 4: Yay, okay, everyone, we are back, and before the break, 250 00:12:05,559 --> 00:12:08,000 Speaker 4: you promise us some clever cost of living hacks. 251 00:12:08,120 --> 00:12:11,040 Speaker 2: Va I did? I set myself up for success because 252 00:12:11,080 --> 00:12:13,280 Speaker 2: I asked the Sheese on the Money community when I 253 00:12:13,320 --> 00:12:15,560 Speaker 2: put up the post in our Facebook group, and if 254 00:12:15,600 --> 00:12:17,240 Speaker 2: you're not in there, what are you doing? I will 255 00:12:17,240 --> 00:12:18,880 Speaker 2: link it in the show notes for you. You need 256 00:12:18,960 --> 00:12:21,680 Speaker 2: to join us. The post got so many people just 257 00:12:21,720 --> 00:12:24,440 Speaker 2: putting the comment f in there to follow the post. 258 00:12:24,559 --> 00:12:27,160 Speaker 2: So I know that this is one that all of 259 00:12:27,200 --> 00:12:31,120 Speaker 2: you have been wanting and one of the biggest reoccurring themes. 260 00:12:31,200 --> 00:12:33,760 Speaker 2: Beck no surprise, it was food. 261 00:12:34,840 --> 00:12:35,960 Speaker 4: I totally get it. We need it. 262 00:12:36,160 --> 00:12:38,800 Speaker 2: Meat is definitely one of the more expensive items in 263 00:12:38,840 --> 00:12:41,760 Speaker 2: our grocery cards, and it's no surprise when you consider 264 00:12:41,800 --> 00:12:45,680 Speaker 2: that according to the University of Newcastle, Australians spend around 265 00:12:45,760 --> 00:12:49,560 Speaker 2: fifteen percent of their weekly food budget BECK on meat alone. 266 00:12:49,880 --> 00:12:52,040 Speaker 2: That can add up, and it can add up really fast. 267 00:12:52,080 --> 00:12:54,400 Speaker 2: But our community have some super clever ways to make 268 00:12:54,440 --> 00:12:58,400 Speaker 2: it stretch without cutting it out completely. I know there 269 00:12:58,440 --> 00:13:00,319 Speaker 2: are so many people that are going to be like meals, 270 00:13:00,360 --> 00:13:03,160 Speaker 2: not a meal unless there's a big source of animal protein. 271 00:13:03,679 --> 00:13:06,319 Speaker 2: So for example, you can bowlk up your meals by 272 00:13:06,320 --> 00:13:09,120 Speaker 2: adding cheaper ingredients, like you could add some lentils or 273 00:13:09,120 --> 00:13:12,640 Speaker 2: some mushrooms. They blend super easily into dishes. I've been 274 00:13:12,640 --> 00:13:14,840 Speaker 2: doing it in spag bowl. I also do like a 275 00:13:14,920 --> 00:13:18,120 Speaker 2: grated zucchini and a carrot. I feel like a zucchini 276 00:13:18,160 --> 00:13:21,720 Speaker 2: and a carrot grated have the same volume as mince, 277 00:13:22,000 --> 00:13:24,840 Speaker 2: but cost me like a dollar. Yes, that's true, legit 278 00:13:24,920 --> 00:13:27,720 Speaker 2: money win. They blend into dishes so easily, so you 279 00:13:27,720 --> 00:13:29,800 Speaker 2: can still get the flavor of the meat, but at 280 00:13:29,840 --> 00:13:32,800 Speaker 2: a fraction of the cost. And as a bonus, you're 281 00:13:32,800 --> 00:13:35,760 Speaker 2: getting some sneaky veggies in you're making your meals healthier 282 00:13:35,800 --> 00:13:39,000 Speaker 2: as well. Another spart tip, Beck is to buy larger 283 00:13:39,000 --> 00:13:42,439 Speaker 2: cuts of meat, like a roast and slow cooker truo oh, 284 00:13:42,600 --> 00:13:45,600 Speaker 2: I love coming home to like a slow cooker smell. 285 00:13:46,080 --> 00:13:48,360 Speaker 2: That way, you're going to get multiple meals from the 286 00:13:48,400 --> 00:13:52,680 Speaker 2: one cut, think leftovers for sandwiches, tacos, or even meal 287 00:13:52,720 --> 00:13:55,160 Speaker 2: prep for the week. And if you're looking for some 288 00:13:55,280 --> 00:13:59,240 Speaker 2: extra savings, maybe consider a meat box, which often offer 289 00:13:59,280 --> 00:14:02,480 Speaker 2: a variety of different cuts at a lower price. Plus 290 00:14:02,520 --> 00:14:04,959 Speaker 2: you can get some freezer portions for later, making it 291 00:14:05,040 --> 00:14:08,640 Speaker 2: easier to plan and budget. These small tweaks can really 292 00:14:08,679 --> 00:14:12,320 Speaker 2: help make your grocery dollars go further without sacrificing your 293 00:14:12,320 --> 00:14:15,439 Speaker 2: favorite meals. I think too often, Beck, we're always looking 294 00:14:15,480 --> 00:14:18,320 Speaker 2: for like a budget version of your favorite meals, and 295 00:14:18,360 --> 00:14:21,680 Speaker 2: you're like, well, I don't really like lentil tacos, but 296 00:14:21,760 --> 00:14:24,880 Speaker 2: like you could use lentils to beef up your tacos, 297 00:14:24,880 --> 00:14:27,120 Speaker 2: meaning that you still get your favorite foods. But it's 298 00:14:27,240 --> 00:14:28,720 Speaker 2: more cost effective. 299 00:14:28,480 --> 00:14:31,560 Speaker 4: Yes, exactly. And with the slow cooker thing, isn't it 300 00:14:31,640 --> 00:14:34,880 Speaker 4: so nice? It's so wholesome to just chuck everything in 301 00:14:34,920 --> 00:14:37,920 Speaker 4: a pot, honestly objectively, And I know this is universal. 302 00:14:38,200 --> 00:14:41,080 Speaker 4: The slow cooker is the hardest thing to clean ever 303 00:14:41,200 --> 00:14:43,000 Speaker 4: in the entire gosh, I did you. 304 00:14:42,960 --> 00:14:45,200 Speaker 2: Know you even buy slow cooker liners side? How do 305 00:14:45,240 --> 00:14:47,680 Speaker 2: you do that? Oh? I mean they're probably not that 306 00:14:47,760 --> 00:14:51,280 Speaker 2: cost effective. But if that's the biggest issue for you 307 00:14:51,320 --> 00:14:53,960 Speaker 2: at this point anytime, it's just good to know that exists. 308 00:14:53,960 --> 00:14:56,080 Speaker 4: That is so good to know. So v when it 309 00:14:56,080 --> 00:14:58,560 Speaker 4: comes to saving on groceries in general, I love this, 310 00:14:58,840 --> 00:15:01,560 Speaker 4: Hannah says. She looks at the lower and higher shelves 311 00:15:01,560 --> 00:15:04,080 Speaker 4: for the cheaper price per kilogram. She says, the eye 312 00:15:04,200 --> 00:15:06,400 Speaker 4: height is usually the most expensive. 313 00:15:06,640 --> 00:15:09,560 Speaker 2: Oh so true. Have you ever watched one of those 314 00:15:09,600 --> 00:15:13,840 Speaker 2: documentaries on supermarket marketing? They're all over YouTube. That's a 315 00:15:13,880 --> 00:15:18,160 Speaker 2: good activity for tonight. Look up supermarket marketing documentaries. There 316 00:15:18,160 --> 00:15:20,880 Speaker 2: are so many of them. And it's all about the layout, 317 00:15:21,240 --> 00:15:23,680 Speaker 2: like how all of the fresh food and the milks 318 00:15:23,720 --> 00:15:26,400 Speaker 2: at the back, and all of the stuff that you 319 00:15:26,480 --> 00:15:28,520 Speaker 2: don't actually need is in the middle of the supermarket, 320 00:15:28,560 --> 00:15:30,160 Speaker 2: but you have to walk through it. Oh my gosh, 321 00:15:30,200 --> 00:15:32,720 Speaker 2: it is so clever, so clever. And of course the 322 00:15:32,760 --> 00:15:35,720 Speaker 2: She's on the money community are loving the supermarket rewards 323 00:15:35,720 --> 00:15:38,240 Speaker 2: programs at the moment and getting their monthly ten percent 324 00:15:38,320 --> 00:15:40,520 Speaker 2: off shop and saving up their points for Christmas time. 325 00:15:40,560 --> 00:15:42,920 Speaker 2: Beck and we are all stocking up and buying in 326 00:15:42,960 --> 00:15:45,520 Speaker 2: bulk when those big ticket items are half priced, which 327 00:15:45,600 --> 00:15:48,160 Speaker 2: beck A love a half priced moment, love a bug. 328 00:15:48,360 --> 00:15:50,360 Speaker 2: I love when you see that something's fifty percent off. 329 00:15:50,360 --> 00:15:52,320 Speaker 2: You think this is a good money win. But then 330 00:15:52,440 --> 00:15:54,480 Speaker 2: I don't know about you. It sets me up to 331 00:15:54,600 --> 00:15:57,520 Speaker 2: expect it next time, and so next time that item 332 00:15:57,640 --> 00:15:59,760 Speaker 2: is not on sale, I'm like, what is this? 333 00:16:00,040 --> 00:16:01,040 Speaker 4: Maybe that's a good thing to do. 334 00:16:01,160 --> 00:16:04,320 Speaker 2: I'm a TikTok master. Yeah, there's a dude on TikTok 335 00:16:04,480 --> 00:16:06,360 Speaker 2: who tracks when the sales are going to happen, and 336 00:16:06,400 --> 00:16:08,720 Speaker 2: I think we need to drag some of that content over, 337 00:16:09,160 --> 00:16:12,680 Speaker 2: obviously giving him credit, but like sharing when things are 338 00:16:12,720 --> 00:16:13,800 Speaker 2: going to go on sale. 339 00:16:13,840 --> 00:16:14,440 Speaker 4: That's really clever. 340 00:16:14,640 --> 00:16:15,200 Speaker 2: I do notice. 341 00:16:15,200 --> 00:16:17,200 Speaker 4: So some things are always half priced, you know, back 342 00:16:17,280 --> 00:16:20,160 Speaker 4: rat knives, use wise house always clear it. 343 00:16:20,240 --> 00:16:23,280 Speaker 2: I don't know how can they afford to always a sale. 344 00:16:23,440 --> 00:16:24,720 Speaker 2: Is that their marketing strategy? 345 00:16:24,720 --> 00:16:26,320 Speaker 4: It must, because I feel like the half price is 346 00:16:26,320 --> 00:16:28,320 Speaker 4: what they're actually worth, but you're buying it because it's like, 347 00:16:28,400 --> 00:16:28,920 Speaker 4: oh my god. 348 00:16:29,600 --> 00:16:32,120 Speaker 2: Anyway, that's why I just don't go shopping. I can't 349 00:16:32,160 --> 00:16:35,040 Speaker 2: set for in Chadstone. It's a slippery slope for me. 350 00:16:35,120 --> 00:16:35,760 Speaker 1: It really is. 351 00:16:36,000 --> 00:16:38,360 Speaker 4: Should we talk about one of the biggest budget killers 352 00:16:38,360 --> 00:16:39,200 Speaker 4: when it comes to food? 353 00:16:39,320 --> 00:16:42,200 Speaker 2: Yes, and you know what it is, Beck, it's food waste. Yes. 354 00:16:42,400 --> 00:16:45,880 Speaker 2: The average Oussie household bin's about thirty eight hundred dollars 355 00:16:45,960 --> 00:16:48,480 Speaker 2: worth of food each and every single year. To me, 356 00:16:48,680 --> 00:16:52,320 Speaker 2: that is insane. Storing your food properly is of course 357 00:16:52,360 --> 00:16:55,160 Speaker 2: going to help with that. And Angels swears by the 358 00:16:55,200 --> 00:16:58,760 Speaker 2: Tupperware fridge smarts. I hadn't ever heard of these, She says. 359 00:16:58,800 --> 00:17:02,400 Speaker 2: She bought them like years ago and uses them religiously. 360 00:17:02,720 --> 00:17:05,520 Speaker 2: She says she almost never wastes fresh food anymore. 361 00:17:05,520 --> 00:17:07,560 Speaker 4: Beck, Oh man, that is so good. 362 00:17:07,640 --> 00:17:10,560 Speaker 2: Oh this is like a subtle plug. Obviously not a 363 00:17:10,600 --> 00:17:14,160 Speaker 2: paid sponsorship from Marley Spoon, but my food waste, Beck 364 00:17:14,240 --> 00:17:18,440 Speaker 2: has gone down so significantly since getting Marley Spoon, Because 365 00:17:18,440 --> 00:17:20,919 Speaker 2: I'm just ordering the meals that I'm cooking and like 366 00:17:21,000 --> 00:17:24,280 Speaker 2: because they're also like pre bundled together. I can see them, 367 00:17:24,600 --> 00:17:26,720 Speaker 2: like I know that they're there, and I know I'm 368 00:17:26,720 --> 00:17:29,200 Speaker 2: going to cook them. Like it's not forgetting that there's 369 00:17:29,240 --> 00:17:30,960 Speaker 2: a zucchini in the bottom of the fridge and I 370 00:17:31,000 --> 00:17:33,480 Speaker 2: can't remember what that was for. I don't know, Like 371 00:17:33,840 --> 00:17:36,920 Speaker 2: it has just been a game changer for us. Obviously, 372 00:17:36,960 --> 00:17:39,480 Speaker 2: I have a code for you. Use the code Victoria, 373 00:17:39,560 --> 00:17:41,520 Speaker 2: and you'll get up to two hundred and thirty five 374 00:17:41,600 --> 00:17:45,440 Speaker 2: dollars off your first five boxes. Beck. I did the maths, 375 00:17:45,520 --> 00:17:47,399 Speaker 2: and obviously this is a bit of a money win. Like, 376 00:17:47,440 --> 00:17:49,920 Speaker 2: if you're not into it, don't do it. I order 377 00:17:50,000 --> 00:17:52,879 Speaker 2: Marley Spoon every week. I do three meals for two 378 00:17:53,119 --> 00:17:56,479 Speaker 2: adults and get enough for our baby as well to have, like, 379 00:17:56,680 --> 00:17:58,320 Speaker 2: you know, a little bit of a sneaky snack on 380 00:17:58,359 --> 00:18:00,640 Speaker 2: the side. Ye, And I worked out if you use 381 00:18:00,720 --> 00:18:04,719 Speaker 2: the code of Victoria, it becomes thirty eight dollars and 382 00:18:04,840 --> 00:18:08,280 Speaker 2: thirty four cents delivered next week for your three dinners 383 00:18:08,359 --> 00:18:09,040 Speaker 2: of groceries. 384 00:18:09,280 --> 00:18:11,080 Speaker 4: That is extraordinary. 385 00:18:11,119 --> 00:18:12,720 Speaker 2: That's actually a good deal. So I thought I just 386 00:18:12,800 --> 00:18:14,880 Speaker 2: dropped this on the pod because we're obviously talking about 387 00:18:14,920 --> 00:18:17,399 Speaker 2: saving money, and like even if you just try it, 388 00:18:17,440 --> 00:18:20,240 Speaker 2: like it's not a subscription. You can just go, oh, 389 00:18:20,240 --> 00:18:21,800 Speaker 2: I have one box and try it and see if 390 00:18:21,840 --> 00:18:23,600 Speaker 2: I like it, and if you don't like it, don't. 391 00:18:23,400 --> 00:18:25,359 Speaker 4: Stick to it, and that's your groceries. 392 00:18:25,480 --> 00:18:28,159 Speaker 2: Yeah, one hundred percent. Beck, I have been using Miley 393 00:18:28,200 --> 00:18:31,880 Speaker 2: Spoon since twenty seventeen, so like, I'm committed. Anyway, let's 394 00:18:31,920 --> 00:18:33,399 Speaker 2: get back to the show. Because it wasn't meant to 395 00:18:33,400 --> 00:18:35,560 Speaker 2: be about Marley Spoon, but I just thought in that moment, 396 00:18:35,800 --> 00:18:38,080 Speaker 2: I could save you some money, Yeah, if I got 397 00:18:38,119 --> 00:18:40,320 Speaker 2: to deals for you. Yeah, and I have noticed it too, 398 00:18:40,359 --> 00:18:43,520 Speaker 2: like there's no wasted that's really it's like they only 399 00:18:43,520 --> 00:18:45,480 Speaker 2: give you what you need for your recipe. Yeah, And 400 00:18:45,520 --> 00:18:47,800 Speaker 2: a lot of people used to be really worried about 401 00:18:47,800 --> 00:18:50,080 Speaker 2: like the plastic and all of the I do stuff 402 00:18:50,080 --> 00:18:52,160 Speaker 2: about that. Yet they don't do that anymore. It comes 403 00:18:52,240 --> 00:18:54,800 Speaker 2: in a paper bag and like literally they'll just be 404 00:18:54,960 --> 00:18:57,199 Speaker 2: like an onion and some tomatoes at the bottom of 405 00:18:57,240 --> 00:18:59,720 Speaker 2: the bag. Like they don't package them up. I would say, 406 00:18:59,720 --> 00:19:02,000 Speaker 2: the only thing they package up is things that you 407 00:19:02,160 --> 00:19:04,280 Speaker 2: have to package up. And you would get packages at 408 00:19:04,320 --> 00:19:07,800 Speaker 2: the supermarket already, like if they're like capers or something, 409 00:19:07,800 --> 00:19:10,320 Speaker 2: they're in a container, or if you're getting like herbs, 410 00:19:10,359 --> 00:19:12,320 Speaker 2: like the herbs would get smashed if they're not in 411 00:19:12,359 --> 00:19:15,000 Speaker 2: a container, if their own, but all of it, I 412 00:19:15,200 --> 00:19:17,159 Speaker 2: just chuck you my recycling money we have. 413 00:19:17,240 --> 00:19:18,520 Speaker 4: And you can say those little containers. 414 00:19:19,520 --> 00:19:21,880 Speaker 2: That's also if you hold the boxes, you can put 415 00:19:21,920 --> 00:19:23,840 Speaker 2: them on Facebook marketplace and someone will come and get 416 00:19:23,840 --> 00:19:25,679 Speaker 2: them for free when they're moving. He's what I did 417 00:19:25,800 --> 00:19:29,119 Speaker 2: last time, because like everyone loves a free box. I 418 00:19:29,160 --> 00:19:32,600 Speaker 2: don't know about you anyway, anyway, So back to the pod. 419 00:19:32,840 --> 00:19:35,879 Speaker 4: Yes, okay, should we move on to some other smart 420 00:19:35,920 --> 00:19:36,520 Speaker 4: ways to save? 421 00:19:36,760 --> 00:19:39,000 Speaker 2: Yes? And I mean, let's move away from food and 422 00:19:39,040 --> 00:19:41,159 Speaker 2: let's talk about the things we all just accept as 423 00:19:41,240 --> 00:19:43,720 Speaker 2: kind of a given, things like your phone plan and 424 00:19:43,760 --> 00:19:46,480 Speaker 2: your internet bills. We tend to think of them as 425 00:19:46,520 --> 00:19:49,200 Speaker 2: non negotiable, right, But the truth is you can get 426 00:19:49,280 --> 00:19:52,080 Speaker 2: real creative here. So take Lucy's tip from the group. 427 00:19:52,160 --> 00:19:56,200 Speaker 2: She's ditched her internet bill completely. Whoa how she got 428 00:19:56,200 --> 00:19:59,359 Speaker 2: a phone plan with unlimited data and now just hotspots 429 00:19:59,359 --> 00:20:03,040 Speaker 2: her laptop, no TV. Obviously she lives in a good 430 00:20:03,080 --> 00:20:06,080 Speaker 2: area and probably has good you know, five G no 431 00:20:06,160 --> 00:20:09,080 Speaker 2: more separate internet costs, and I think that's genius, right. 432 00:20:09,119 --> 00:20:11,479 Speaker 2: She's already paying for data, so why not just use 433 00:20:11,520 --> 00:20:14,480 Speaker 2: it to its full potential totally. With the average internet 434 00:20:14,520 --> 00:20:18,200 Speaker 2: bill monthly being seventy five dollars back, she's saving under 435 00:20:18,240 --> 00:20:20,239 Speaker 2: one thousand dollars a year for that. Oh my god, 436 00:20:20,240 --> 00:20:22,160 Speaker 2: that's a grand So how good. 437 00:20:22,520 --> 00:20:25,400 Speaker 4: And then we've got Chloe who's really got her phone 438 00:20:25,400 --> 00:20:28,240 Speaker 4: built down pat She and her partner were previously with Telstra, 439 00:20:28,320 --> 00:20:29,840 Speaker 4: paying one hundred dollars each a month, and. 440 00:20:29,800 --> 00:20:33,240 Speaker 2: They so spano that's all too much. 441 00:20:33,600 --> 00:20:36,840 Speaker 4: They have now switched to a family plan with Alimobile 442 00:20:36,880 --> 00:20:38,520 Speaker 4: paying just fifty five dollars a month for. 443 00:20:38,520 --> 00:20:40,400 Speaker 2: Both of them, for both of them. 444 00:20:40,119 --> 00:20:42,359 Speaker 4: Saving sevente hundred and fifty dollars a year just for 445 00:20:42,440 --> 00:20:43,280 Speaker 4: making a simple switch. 446 00:20:43,280 --> 00:20:45,400 Speaker 2: I feel like so many people in our community always 447 00:20:45,480 --> 00:20:49,480 Speaker 2: talking about phone plans, and I believe that Audimobile actually 448 00:20:49,600 --> 00:20:53,920 Speaker 2: uses the telstrap. Yeah, so that's extra smart. Same thing exactly. 449 00:20:53,960 --> 00:20:55,920 Speaker 2: And these are costs that we all think of as 450 00:20:55,960 --> 00:20:58,960 Speaker 2: completely unavoidable, but as Lucy and Chloe have showed us, 451 00:20:58,960 --> 00:21:02,640 Speaker 2: you can totally reth. It's about asking yourself, oh do 452 00:21:02,680 --> 00:21:05,359 Speaker 2: I really need this? Big, expensive plan that I've been 453 00:21:05,400 --> 00:21:07,200 Speaker 2: on for years, just because I can't be bothered looking 454 00:21:07,200 --> 00:21:11,320 Speaker 2: for an alternative and then finding smarter, more affordable alternatives. 455 00:21:11,320 --> 00:21:13,600 Speaker 2: And I mean, what a better time to do this 456 00:21:13,680 --> 00:21:16,359 Speaker 2: than now coming into Christmas Beck, we all want a 457 00:21:16,359 --> 00:21:19,439 Speaker 2: little bit more wiggle room. Absolutely, are communities so smart, 458 00:21:19,440 --> 00:21:22,399 Speaker 2: they are actually geniuses. This is why I just community 459 00:21:22,440 --> 00:21:25,800 Speaker 2: funded this episode. I was like, tips and tricks from me, 460 00:21:26,040 --> 00:21:29,639 Speaker 2: No tips and tricks from the community by everyone exactly, 461 00:21:29,720 --> 00:21:32,880 Speaker 2: and they're even finding smart alternatives to the gym. According 462 00:21:32,920 --> 00:21:36,200 Speaker 2: to World Fitness Australia, the average gym membership here costs 463 00:21:36,200 --> 00:21:40,400 Speaker 2: around seventy dollars a month, and that's excluding additional services 464 00:21:40,440 --> 00:21:43,359 Speaker 2: like if you've got like a personal trainer, yes unrelatable, 465 00:21:43,480 --> 00:21:47,040 Speaker 2: or you're doing like extra classes. But get this, almost 466 00:21:47,040 --> 00:21:51,080 Speaker 2: a quarter of people with memberships don't utilize their memberships 467 00:21:51,119 --> 00:21:54,840 Speaker 2: as anticipated. So even though people are paying almost a 468 00:21:54,920 --> 00:21:57,640 Speaker 2: grand for something a year than not even using. 469 00:21:57,440 --> 00:21:58,800 Speaker 4: It, there very relatable. 470 00:21:58,960 --> 00:22:02,639 Speaker 2: One of our community members, Fiona, told us she ditched 471 00:22:02,640 --> 00:22:05,480 Speaker 2: her expensive membership and has switched to using the sam 472 00:22:05,520 --> 00:22:08,399 Speaker 2: Woods app on her phone at home. Not only is 473 00:22:08,440 --> 00:22:11,120 Speaker 2: she saving money, but she's actually working out more which 474 00:22:11,160 --> 00:22:13,600 Speaker 2: is a double win. I love that, Beck because I've 475 00:22:13,600 --> 00:22:16,280 Speaker 2: actually just started that because like, I had every intention 476 00:22:16,440 --> 00:22:18,960 Speaker 2: of returning back to plates or gym classes, and I 477 00:22:19,000 --> 00:22:21,199 Speaker 2: couldn't find the time, and then I didn't want to 478 00:22:21,200 --> 00:22:23,840 Speaker 2: do it. I'm not gonna lie when your gym class 479 00:22:23,920 --> 00:22:26,480 Speaker 2: is at five point thirty and you're telling me I 480 00:22:26,480 --> 00:22:30,000 Speaker 2: could pick my kid up early from daycare. Yeah, I'm 481 00:22:30,040 --> 00:22:32,360 Speaker 2: going to pick my kid up. Oh sorry, So I've 482 00:22:32,359 --> 00:22:35,360 Speaker 2: been going home and doing my workouts there. Anyway, back 483 00:22:35,400 --> 00:22:38,480 Speaker 2: on track, Danielle has started doing free yoga and tai 484 00:22:38,560 --> 00:22:41,360 Speaker 2: chi at her local library instead of paying for classes 485 00:22:41,400 --> 00:22:44,320 Speaker 2: at a studio, saving twenty five bucks a class. What. 486 00:22:44,600 --> 00:22:46,280 Speaker 2: I didn't even know that was a thing. 487 00:22:46,520 --> 00:22:47,520 Speaker 4: Yeah, I didn't know that was the thing. 488 00:22:47,560 --> 00:22:48,760 Speaker 2: That is so cool. 489 00:22:49,000 --> 00:22:51,280 Speaker 4: It definitely is worth looking around your local community to 490 00:22:51,280 --> 00:22:54,119 Speaker 4: see what alternatives there are to a traditional gym, because 491 00:22:54,200 --> 00:22:56,200 Speaker 4: you know, there's also those like, you know, park gyms. 492 00:22:56,240 --> 00:22:56,680 Speaker 4: I don't even know. 493 00:22:57,359 --> 00:22:59,679 Speaker 2: I know I've seen them, and I love that idea. 494 00:23:00,040 --> 00:23:07,399 Speaker 2: Also YouTube yoga, Yes, I love it. Anything really Okay, 495 00:23:07,440 --> 00:23:08,920 Speaker 2: what else have we got? All Right, So a lot 496 00:23:08,960 --> 00:23:11,439 Speaker 2: of our community members are praising the ideas of going 497 00:23:11,520 --> 00:23:14,959 Speaker 2: back to cash for everyday spending. When you pay with cash, 498 00:23:14,960 --> 00:23:17,760 Speaker 2: you experience something called payment pain. I think you'll be 499 00:23:17,800 --> 00:23:19,800 Speaker 2: able to relate to this, because I definitely can. It's 500 00:23:19,800 --> 00:23:22,080 Speaker 2: that little sting you feel when you have to physically 501 00:23:22,119 --> 00:23:25,280 Speaker 2: hand over a Christine note, which makes you more mindful 502 00:23:25,320 --> 00:23:28,119 Speaker 2: of your spending, And studies of showing that people tend 503 00:23:28,119 --> 00:23:31,520 Speaker 2: to spend less with cash because they can literally see 504 00:23:31,600 --> 00:23:35,320 Speaker 2: their money disappearing. Yes, and Georgie has gone back to 505 00:23:35,359 --> 00:23:38,119 Speaker 2: the basics, and she's started asking herself that simple but 506 00:23:38,200 --> 00:23:41,520 Speaker 2: really powerful question, is this a want or is it 507 00:23:41,680 --> 00:23:45,199 Speaker 2: a need? Now? There's actually some science behind this. When 508 00:23:45,280 --> 00:23:48,440 Speaker 2: we pause to question a purchase, it actually engages our 509 00:23:48,480 --> 00:23:52,200 Speaker 2: prefrontal cortex, the part of our brain responsible for decision 510 00:23:52,240 --> 00:23:55,440 Speaker 2: making and impulse control. By taking a really good moment 511 00:23:55,480 --> 00:23:59,560 Speaker 2: to reflect, we can actually override those instant emotional decisions 512 00:24:00,000 --> 00:24:02,600 Speaker 2: sometimes make when we're tempted by something shiny and new, 513 00:24:02,680 --> 00:24:05,760 Speaker 2: which beg I'm really good at I'm basically abour bird. 514 00:24:05,840 --> 00:24:07,879 Speaker 2: It's shiny, I want it, I need it, which is 515 00:24:07,920 --> 00:24:10,680 Speaker 2: why I'm always telling you guys to put twenty four 516 00:24:10,680 --> 00:24:13,600 Speaker 2: hours between you and your spending, because that's basically me 517 00:24:13,720 --> 00:24:17,000 Speaker 2: reminding myself to do that every single time I say that, Yes, 518 00:24:17,080 --> 00:24:17,720 Speaker 2: great idea. 519 00:24:17,800 --> 00:24:18,040 Speaker 5: Oh. 520 00:24:18,280 --> 00:24:21,200 Speaker 2: Mikayla from the group has started to rethink spending by 521 00:24:21,240 --> 00:24:25,119 Speaker 2: calculating how much work time it costs her. So instead 522 00:24:25,119 --> 00:24:27,520 Speaker 2: of seeing a price tag, she's asking herself how many 523 00:24:27,560 --> 00:24:30,560 Speaker 2: hours she'd need to work at work to cover that. So, 524 00:24:30,640 --> 00:24:33,200 Speaker 2: for example, let's say you're craving like seventy dollars worth 525 00:24:33,240 --> 00:24:37,000 Speaker 2: of uberaates sure, which, let's be honest, Uber eats nowadays 526 00:24:37,160 --> 00:24:41,560 Speaker 2: is seventy dollars crazy, so annoying. Historically, I'm like, oh, 527 00:24:41,680 --> 00:24:43,760 Speaker 2: maybe uber eats like it's a special treat, but in 528 00:24:43,800 --> 00:24:46,760 Speaker 2: my head it's like forty dollars it's not. Yeah, that 529 00:24:46,840 --> 00:24:50,199 Speaker 2: might seem reasonable to you, but if it takes you 530 00:24:50,240 --> 00:24:52,680 Speaker 2: two hours of work to earn that money, you might 531 00:24:52,720 --> 00:24:55,320 Speaker 2: start to wonder is that actually worth? It is like 532 00:24:55,520 --> 00:24:59,399 Speaker 2: dinner worth two hours of my hard earned host tax 533 00:24:59,680 --> 00:25:01,960 Speaker 2: cas Speck Like, do I want to do that? 534 00:25:02,359 --> 00:25:02,760 Speaker 1: Do you know what? 535 00:25:02,840 --> 00:25:06,400 Speaker 2: Eggs just got way more appealing? Oh my god, having 536 00:25:06,400 --> 00:25:08,200 Speaker 2: eggs on toast for dinner underrated. 537 00:25:08,240 --> 00:25:08,920 Speaker 4: It bend you mind. 538 00:25:08,960 --> 00:25:13,080 Speaker 2: Butter on toast and linked dinner cool dinner actually. 539 00:25:13,080 --> 00:25:15,480 Speaker 4: Really makes you think twice Sometimes it's less about money 540 00:25:15,480 --> 00:25:16,200 Speaker 4: and more about how. 541 00:25:16,160 --> 00:25:18,280 Speaker 2: Much of your time you're trading for the purchase. 542 00:25:18,359 --> 00:25:20,000 Speaker 4: That's true. Is yeah, such a good way to look 543 00:25:20,000 --> 00:25:20,399 Speaker 4: at it. 544 00:25:20,480 --> 00:25:22,520 Speaker 2: So bec as you can see, in times of crisis, 545 00:25:22,520 --> 00:25:24,640 Speaker 2: we really need to get clever and a little bit 546 00:25:24,680 --> 00:25:27,800 Speaker 2: smart with how we're approaching our spending. There are definitely 547 00:25:27,880 --> 00:25:30,560 Speaker 2: some smart ways to cut costs and still keep the 548 00:25:30,640 --> 00:25:33,399 Speaker 2: things that bring you joy. Of course, we should be 549 00:25:33,440 --> 00:25:36,480 Speaker 2: thinking about ways to generate more income. Let's be honest. 550 00:25:36,640 --> 00:25:39,240 Speaker 2: We need to be asking for that pay rise or 551 00:25:39,400 --> 00:25:41,800 Speaker 2: tackling our debt a little bit more aggressively. And we're 552 00:25:41,800 --> 00:25:44,119 Speaker 2: going to deep dive into those strategies in the coming weeks. 553 00:25:44,400 --> 00:25:46,840 Speaker 2: But for today, my friend, it is all about finding 554 00:25:46,840 --> 00:25:50,200 Speaker 2: those small, clever hacks that can make a really big difference. 555 00:25:50,400 --> 00:25:52,919 Speaker 2: Whether it's switching your phone plans, or bulging up your 556 00:25:52,960 --> 00:25:55,560 Speaker 2: meals with cheaper ingredients, or going back to cash to 557 00:25:55,600 --> 00:25:58,479 Speaker 2: stay more mindful with your spending. It's all about finding 558 00:25:58,520 --> 00:26:01,480 Speaker 2: ways to take control in a tough environment. 559 00:26:01,840 --> 00:26:05,439 Speaker 4: Beautifully worded, that is exactly right. And what's great is 560 00:26:05,440 --> 00:26:07,240 Speaker 4: these tips aren't about depriving yourself. 561 00:26:07,320 --> 00:26:10,960 Speaker 2: No, we're not about that life. We're about enjoying the journey. Absolutely. 562 00:26:11,040 --> 00:26:12,800 Speaker 4: It can be kind of find like challenging yourself a 563 00:26:12,840 --> 00:26:14,919 Speaker 4: little bit, but they're about being smart with what you 564 00:26:14,960 --> 00:26:17,200 Speaker 4: have and you can still enjoy your life even when 565 00:26:17,200 --> 00:26:18,800 Speaker 4: things are tired. It's just a matter of making a 566 00:26:18,800 --> 00:26:20,240 Speaker 4: few tweaks to stretch adults. 567 00:26:20,119 --> 00:26:22,840 Speaker 2: On one hundred percent. If you want the complete rundown 568 00:26:22,880 --> 00:26:25,000 Speaker 2: of the cost of living hacks, head to our Facebook 569 00:26:25,000 --> 00:26:27,719 Speaker 2: group and add your own. If you're hungry for more 570 00:26:27,880 --> 00:26:31,800 Speaker 2: savvy saving episodes, don't forget to hit that subscribe button. 571 00:26:32,080 --> 00:26:33,680 Speaker 4: I think it's a really good place to leave it. 572 00:26:33,720 --> 00:26:36,640 Speaker 2: Oh, perfect place to leave it. Have a really beautiful 573 00:26:36,680 --> 00:26:38,439 Speaker 2: rest of the week, guys, and we will see you 574 00:26:38,480 --> 00:26:39,120 Speaker 2: on Friday. 575 00:26:39,200 --> 00:26:44,320 Speaker 4: Bye guys. 576 00:26:45,800 --> 00:26:48,480 Speaker 5: By shared on She's on the Money is general in 577 00:26:48,600 --> 00:26:52,359 Speaker 5: nature and does not consider your individual circumstances. She's on 578 00:26:52,440 --> 00:26:55,919 Speaker 5: the Money exists purely for educational purposes and should not 579 00:26:55,960 --> 00:26:58,960 Speaker 5: be relied upon to make an investment or financial decision. 580 00:26:59,359 --> 00:27:01,960 Speaker 2: If you do choose to buy a financial product. 581 00:27:01,600 --> 00:27:05,600 Speaker 5: Read the PDS TMD and obtain appropriate financial advice tailored 582 00:27:05,640 --> 00:27:09,119 Speaker 5: towards your needs. Victoria Divine and Sheese on the Money 583 00:27:09,160 --> 00:27:12,560 Speaker 5: are authorized representatives of Money sherper p t y l 584 00:27:12,680 --> 00:27:15,280 Speaker 5: t D A b N three two one six four 585 00:27:15,400 --> 00:27:18,960 Speaker 5: nine two seven seven zero eight afs L four five 586 00:27:19,040 --> 00:27:21,480 Speaker 5: one two eight nine