Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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 the Money, the podcast
Speaker 4: for millennials who want financial freedom. Today is Friday, which
Speaker 4: means it is time to get our little team together
Speaker 4: and celebrate you our incredible She's on the Money community.
Speaker 4: Today we're going to be sharing our favorite money wins
Speaker 4: with Miss just Griucci. Bexsa Ed is going to be
Speaker 4: sharing a few hot broke tips. We're going to be
Speaker 4: helping to answer a juicy money dilemma, which this week
Speaker 4: is all about managing finances as a freelancer and you
Speaker 4: slid into our DMS about something spicy, So we're going
Speaker 4: to be unpacking the topic of affording a pet later on.
Speaker 4: My friends, how have your week's been? Very nice? Nice week,
Speaker 4: very nice week. Just chill. What have I been doing
Speaker 4: a life away?
Speaker 5: I'm working my LifeWay basically, yes, and also having a
Speaker 5: nice time doing it. Stealing lots of bread from the kitchen,
Speaker 5: stealing some bread, baby, you know it. Many toasties, toasties,
Speaker 5: fake garlic bread, you know, yeah, I like it.
Speaker 2: I like it.
Speaker 4: What about you, Jess?
Speaker 2: Go ahead, just cuising along. I have a trip to
Speaker 2: Japan coming up in the future ish, so I've been
Speaker 2: planning that. Friends have been coming over, which is very exciting,
Speaker 2: you know, very very very excited.
Speaker 4: So what season you're going in?
Speaker 2: We're going in September, which I think is their autumn.
Speaker 2: But it's still meant to be quite warm, although potentially rainy,
Speaker 2: so that's okay. We'll see, hoping for some good weather.
Speaker 2: Trying to tick off. I get to kick off another
Speaker 2: Disneyland this year because there's one in Japan.
Speaker 4: Oh, I'm so jealous. It's just going about me. Oh
Speaker 4: my god, that's so cool.
Speaker 2: We can go to California.
Speaker 4: No, I don't want to go anymore California. Yeah is
Speaker 4: that in California?
Speaker 5: One?
Speaker 2: Yeah? Okay, plea, can I come? You can come? Be
Speaker 2: fun group two to Disneyland.
Speaker 4: I like it. I think it's a genius idea. Sold
Speaker 4: on that. I'm definitely using the work trip as a
Speaker 4: group troop to Disneyland. Everyone will be like, oh my god,
Speaker 4: it's so nice you went on holiday together, and I'll like,
Speaker 4: we definitely weren't here for a conference.
Speaker 2: We are serious business people.
Speaker 4: We are serious business ladies. We've got to like speak it.
Speaker 4: Jess and DIYer speaking at Fincon this year, which is
Speaker 4: very very cool. I'm doing two presentations, which should be cool.
Speaker 4: I've got my own and then I'm on a panel
Speaker 4: as is Jess, which I think is so fun. Wow,
Speaker 4: look at you tax deductible Disney grip a loh, that
Speaker 4: is so good. It's not actually true, but you know what,
Speaker 4: we're going to pretend. Yeah, we're going to pretend. It
Speaker 4: makes us feel much better about it because it is
Speaker 4: technically a work trip.
Speaker 2: How is your week?
Speaker 4: My week was good, My week was busy. I haven't
Speaker 4: done anything of No, I don't think i've done a
Speaker 4: few speaking events, I've done a few podcasts. I feel
Speaker 4: like life is good. I've been working in the background
Speaker 4: with Gabby on getting my investing masterclass out of the door,
Speaker 4: which I shouldn't be telling you about because we should
Speaker 4: do like one of those marketing things where you like,
Speaker 4: bait it, bait it, bait it check then oh, something
Speaker 4: exciting is coming, which the team are really good at.
Speaker 4: So like, if there is a marketing campaign on our
Speaker 4: Instagram and it's like something exciting is coming, just know
Speaker 4: I had nothing to do with it it because they
Speaker 4: start at keeping secrets. Yeah, I'll just be like, it's
Speaker 4: an investing masterclass. Yeah, that's what we've got, and Jess
Speaker 4: is like, no, no, no, make them interested, and I'll
Speaker 4: be like, it's about investing. But I am really excited
Speaker 4: about that because I've been working on it for literal years.
Speaker 4: But it didn't feel right to be putting it out
Speaker 4: into the world, I suppose until I was not an
Speaker 4: advisor anymore, because there are so many legalities when you
Speaker 4: are a personal financial advisor of what you can and
Speaker 4: can't talk about, and I was kind of feeling like
Speaker 4: I was shooting myself in the foot. I was like, well,
Speaker 4: there's no point launching it if I can't talk about
Speaker 4: these things that I think are really really important. So
Speaker 4: now I can talk about them. Great. Oh I'm going ham.
Speaker 4: So it's been exciting for me. I know you guys
Speaker 4: probably could not care less, but that's okay.
Speaker 2: That's okay.
Speaker 4: Exciting effects like I'm not listening.
Speaker 2: Maybe that'll be the thing that helps you get started investing.
Speaker 4: True, that's very true. I'll do a budget cash flow firstly.
Speaker 4: We need to do that. Yeah, we'll do that first.
Speaker 4: Jess Cricci, I want to know what's be going on
Speaker 4: in our community. What are your community money wins of
Speaker 4: the week.
Speaker 2: My first win this week comes from Maya, who said
Speaker 2: future money Wins slash huge life win. After searching for
Speaker 2: almost a year, our offer for a beautiful house just
Speaker 2: got accepted and we just exchanged contracts last Tuesday. Between
Speaker 2: all the useful tips on Shees on the money and
Speaker 2: property Playbrook help from our friends and family, it feels
Speaker 2: unreal that we can tick off such a huge milestone.
Speaker 4: That's congratulations, Yay.
Speaker 2: I'm so happy for you, Maya. Next, they have a
Speaker 2: win from Jessica Fabulous name right name, who said money win,
Speaker 2: getting a merchant reversal in my favor. For an online
Speaker 2: retailer thinking they can operate outside of consumer protection laws,
Speaker 2: always check the window that your bank offers this service
Speaker 2: for I scraped in with two days to go before
Speaker 2: this avenue would have been closed.
Speaker 4: I didn't even know that was the thing. That's how cool.
Speaker 2: I'm like noted for next time. If you feel like
Speaker 2: you're getting scammed or someone's charging you the wrong thing,
Speaker 2: or they send you something faulty maybe and they won't
Speaker 2: give you the money back. Yes, smart, do you bank
Speaker 2: about it?
Speaker 4: Great? Great idea? Love love love What else have you got?
Speaker 2: I've got two Lululemon money wins, one from Julie.
Speaker 4: Whose Lululemon anything to do with the money wint me try,
Speaker 4: I'm ready.
Speaker 2: Julie said, I got the most gorgeous Lulu lemontop at
Speaker 2: the op shop for five bucks.
Speaker 4: Oh, that is the money win.
Speaker 2: And then a little further down, Maddie said, I bought
Speaker 2: Lula Lemon Heights in excellent condition from a rent to
Speaker 2: rack place for eighteen dollars.
Speaker 4: Oh, okay, I take my words back. Those are Lulu
Speaker 4: Lemon money wins. Victoria, I don't want to, but I'm
Speaker 4: gonna next.
Speaker 2: I've got a money in from Aaron who said I
Speaker 2: got an incredible stash of goodies from my local health
Speaker 2: food store, which I go to you often. Today I
Speaker 2: got all of these for thirty nine dollars, saving one
Speaker 2: hundred and five. There's a nice little.
Speaker 4: Photo of her hole a lot of stuff.
Speaker 2: So thirty nine when I consider. I did a whip
Speaker 2: around to the grocery store on Saturday. Well, my friend
Speaker 2: went into came up to pick a book for anyone's
Speaker 2: reading the summer. I turned pretty we're all over it,
Speaker 2: but she wanted to pick up a book, and I
Speaker 2: was like, oh, just run into the grocery store because
Speaker 2: I have eleven items on my grocery list, and I
Speaker 2: reckon I can whip around and get that done in
Speaker 2: the same time it takes you to get a book. Sorry,
Speaker 2: this is a very roundabout way I'm telling you.
Speaker 4: I like it. How long did it actually take, though,
Speaker 4: real question.
Speaker 2: Honestly, I got it done in like ten minutes, Like
Speaker 2: I was power amazing. If you saw some crazy woman
Speaker 2: with a trolley zooming through the ill.
Speaker 5: It would be less than one minute per item. That's
Speaker 5: very bad efficient isn't that very efficient?
Speaker 2: But eleven items, I was like, oh, it'll be a
Speaker 2: cheap shop, it'll be so so oh my god. It
Speaker 2: was one hundred and twenty dollars.
Speaker 4: Surely not.
Speaker 2: And it wasn't like I was like disgusting. It was
Speaker 2: like pantry staples. It was like swiy sauce. No, it
Speaker 2: wasn't as I bought one for twenty four pack of
Speaker 2: Pepsi Max. Obviously, yeah, but that's not expensive and it
Speaker 2: was on sale forty percent off because that's your money
Speaker 2: win that I buy it. I couldn't believe it so
Speaker 2: well done, that whole food win. I feel like that
Speaker 2: is an absolute bargain eran. And the last one that
Speaker 2: I have comes from Megan, who said money When I
Speaker 2: signed up to mad Pause as a pet sitter and
Speaker 2: I have my first doggy daycare client.
Speaker 4: Tomorrow, that's actually so cute.
Speaker 2: Extra cash to add to savings and a new friend
Speaker 2: to keep me company while I'm working. And I know
Speaker 2: we've mentioned Mad Paws on the pod before. We've never
Speaker 2: worked with them, but you mentioned use them before.
Speaker 4: Yeah, I've used them to before to find like pet
Speaker 4: sitters and stuff, and I've had a good experience. You go,
Speaker 4: that's goody not bad. That's bad. But they did doggie
Speaker 4: daycare though.
Speaker 2: That's real cute, very fun, which and it makes sense
Speaker 2: if you have a dog who has like anxiety issues
Speaker 2: or something I do. Yeah, and you're someone who works
Speaker 2: at home and you have an empty house, the win
Speaker 2: win situation.
Speaker 4: A friend all day. That's very sweet and cute. Loss
Speaker 4: of All right, let's segue straight into Beck. What broke
Speaker 4: tips have you round up for Ust this week? Okay?
Speaker 5: So I've got a couple of good ones. Oh are
Speaker 5: you sure you have no faith in me?
Speaker 1: Oh?
Speaker 4: I do? I'm excited. What are they?
Speaker 2: Thank you?
Speaker 4: Okay, So the first one comes from Sarah.
Speaker 5: So Sarah sent through a lot of really good broke tips,
Speaker 5: and I'm going to read out my favorites.
Speaker 4: Okay, all right ready, I'm going to read them, not.
Speaker 5: In Sarah's voice, but the way Sarah wrote this. So,
Speaker 5: first one, sign up to all takeaway places with your birthday,
Speaker 5: which is something I mentioned, start a week so you
Speaker 5: get free meals at birthday time. The second one post
Speaker 5: on socials asking if anyone has free meal kitboxes. So
Speaker 5: you know, hello fresh Marley Spoons.
Speaker 4: I sent you one last week, you haven't redeemed it
Speaker 4: yet because I just checked. Can you see that you
Speaker 4: can cheat? I can to know that I cannot lie
Speaker 4: about that. Yeah, I shouldn't have told her spoons delicious.
Speaker 5: No, but this is actually very very really great because
Speaker 5: I don't know what to do with mine, Like I'm like,
Speaker 5: should I give them friends? I never know if I
Speaker 5: buy a box, but there's so many that are there
Speaker 5: to go around, so great idea. Ask for those, and
Speaker 5: then you can eat like a coin, she says, which
Speaker 5: is great for a week, for two weeks, for three weeks, however,
Speaker 5: money week you get.
Speaker 4: The next one is do groceries late at night. I
Speaker 4: used to do this with my mum. So you can
Speaker 4: get all the discounted stuffing like cream and caramel, sponge, cake, woolies.
Speaker 5: All the free items get marked down at a certain times.
Speaker 4: Roast chicken. I love a whole roots for chicken.
Speaker 5: This one, I don't know if I don't know if
Speaker 5: she's mentioning mad pause here, but she says, if you
Speaker 5: live in a sharehouse or with parents, sign up for
Speaker 5: pets sitting slash house sitting. You get a mini holiday,
Speaker 5: possibly somewhere nicer than where you live snuggles with a
Speaker 5: fur baby and you get paid for it as well,
Speaker 5: the same as Mad Pause.
Speaker 4: You can do that on Mad Pause. Amazing. Yeah, I
Speaker 4: really liked it because when I had I have two
Speaker 4: cats and a dog, and Steve and I were going
Speaker 4: on a holiday and usually they go and spend time
Speaker 4: with my parents, but my parents were going on the
Speaker 4: same holiday, and I was like, well, what's going to
Speaker 4: happen here? We found someone really nice on Mad Pause
Speaker 4: and she came with like a police check and a
Speaker 4: whole heap of really good references, and she actually came
Speaker 4: and just lived in our house for a week and
Speaker 4: they looked after our pets. And I was really stoked
Speaker 4: with it because I'm I'm quite pedantic when it comes
Speaker 4: to my pets and them being looked after, and I
Speaker 4: didn't like the idea that someone would just like drop
Speaker 4: in and feed them and run away and they're needed
Speaker 4: just like their mother.
Speaker 2: Fair enough.
Speaker 5: So that is what I have from the community this week.
Speaker 5: I was just I'm just going to use the one
Speaker 5: person because she did give me many beautiful, very great.
Speaker 6: Yeah.
Speaker 5: Absolutely, and these were all very very useful. I think
Speaker 5: I love the idea of signing up. If I had
Speaker 5: done that when I was younger, I would have had
Speaker 5: a much better UNI experience. Usually the house is quiet too,
Speaker 5: because like you don't get a pet sitter if you
Speaker 5: have housemates, so like you get a whole house to yourself, hot,
Speaker 5: you could study, you could work from home, like, oh
Speaker 5: what a dream.
Speaker 4: Whatever you want to do now. My personal breake tip
Speaker 4: for this week is is it garlic bread?
Speaker 5: It's not garlic bread this week, and it doesn't include bread.
Speaker 4: But it doesn't. That's quite disappointing.
Speaker 5: And I carry often mentioned our favorite bread. So what
Speaker 5: I'm saying is if you're a single person, that's probably
Speaker 5: more ideal. If you're a single person and you're buying
Speaker 5: for yourself, take advantage of those ready to eat meals.
Speaker 5: Either in the frozen section, you can get like a
Speaker 5: four dollar lasagna. This is what I did when I
Speaker 5: was really really like I had no money for the week.
Speaker 5: I would get like a really cheap you can get
Speaker 5: to Audi.
Speaker 4: You can go. Audi has good frozen meals, have really.
Speaker 5: Good frozen meals and very very cheap. And if you
Speaker 5: want to create the exact same meal from scratch, it's
Speaker 5: gonna cost you so much money, So don't feel bad
Speaker 5: if you have expensive to make totally flying mince. If
Speaker 5: you put mince in you lasagna, bam, ten dollars already
Speaker 5: totally And I don't know about you guys, but those
Speaker 5: meals don't usually fill me to the brim and I
Speaker 5: want to be filled to the brim.
Speaker 4: So if you need to have a second one, go
Speaker 4: for it's still going to only eight bucks for two
Speaker 4: serves of lazadi, like eight bucks or two serves of lasagna.
Speaker 4: But also frozen veggies, real cheap frozen veggie cup. Your
Speaker 4: your pre made meal with that frozen veggies, or like
Speaker 4: some sides or something to make it a little bit
Speaker 4: more cost effective, but also feeling totally.
Speaker 5: So yes, that is my break tap for the week.
Speaker 5: Do not sneeze it. Ready to eat meals go to
Speaker 5: the frozen section. If they're too expensive in the refrigerated section.
Speaker 4: I feel like they are more expensive in the fridge.
Speaker 5: They're like eleven dollars maybe, yeah, but frozen section super cheap.
Speaker 5: They're often on special as well. You know there's like
Speaker 5: bowls is super Bowls.
Speaker 4: Oh yeah, I like those ones. They're like wholesome bowls bowls.
Speaker 5: Or something like that. They're always on special. Those are
Speaker 5: also like four or five dollars.
Speaker 4: Yeah, so do it. That's actually quite smart. I haven't
Speaker 4: looked at that part of the supermarket in a long time. Love,
Speaker 4: you've got to check it out. I'm gonna check it out.
Speaker 4: I love it. Thank you for that. All right, let's
Speaker 4: go to a quick break and on the flip side,
Speaker 4: we're gonna be talking about how to manage your finances
Speaker 4: if you're a freelancer, and we're going to be talking
Speaker 4: about something you split into our DMS about and that's
Speaker 4: affording a pet. So guys, do not go anywhere.
Speaker 2: Welcome back, everybody. Let's take a listen to this week's
Speaker 2: money dilemma.
Speaker 4: Hi, there, have you got a money dilemma you just
Speaker 4: can't solve? The Sheese on the Money team is here
Speaker 4: to help. Every week we tackle your dilemmas, both big
Speaker 4: and small, answer your most burning money, career and life questions.
Speaker 4: To get involved, simply head to our website and leave
Speaker 4: us a short voice recording and you might just find
Speaker 4: yourself on the show. Now, let's take a listen to
Speaker 4: this week's money dilemma.
Speaker 6: I have Victoria, I have a quick money question. I
Speaker 6: feel like you always speak about, you know, people that
Speaker 6: have jobs, full time jobs, getting a job, leaving a job,
Speaker 6: asking for a pay rise. But for myself and for
Speaker 6: pretty much all of my friends, we're all freelancers in
Speaker 6: the creative industries. And I feel like a lot of
Speaker 6: people right now maybe would go unmentioned, but would really
Speaker 6: appreciate some help in managing their finances when freelance and
Speaker 6: how to set themselves up for success when your pay
Speaker 6: is coming in at different times even though you might.
Speaker 4: Be really busy.
Speaker 6: But yeah, just backing yourself, I guess we'd love some
Speaker 6: tips on how to live.
Speaker 4: I feel like this is a good one. Actually. I
Speaker 4: feel like maybe you haven't listened to enough of our
Speaker 4: podcasts though, because we've done a few episodes on variable
Speaker 4: income and like if you have a side hustle and
Speaker 4: how to manage like tax and income and all of that.
Speaker 4: So first things first, the twenty ninth of January, we
Speaker 4: did an episode on side hustles and how to manage
Speaker 4: income for that, and then on the twelfth of May
Speaker 4: twenty twenty one, we did an episode what was called
Speaker 4: jess like budgeting for variable There you go. So we've
Speaker 4: done a couple before, But I think it's really important
Speaker 4: to remember that even if your income is variable, your
Speaker 4: job is to make it as stable as possible. Right,
Speaker 4: And I've spoken about this concept before of you know,
Speaker 4: if you're brand new to freelancing, it can feel really
Speaker 4: up and down because you've never done it before. But
Speaker 4: if that's your chosen I guess career path, have a
Speaker 4: look at the last three or six or even twelve
Speaker 4: months and work out what your average is, and if
Speaker 4: you feel like the average is relatively close to what
Speaker 4: you're earning, like some months it might be just under,
Speaker 4: in some months it might be over, let's budget on
Speaker 4: that average amount. If that average amount you see you
Speaker 4: feel is a little bit too much, have a look
Speaker 4: at what your lowest earning months are and take those
Speaker 4: months and let's budget based on your lowest earning months,
Speaker 4: because that means anything above and beyond is going to
Speaker 4: be cream on top, and that's going to make you
Speaker 4: feel a lot more financially stable. So when it comes
Speaker 4: to freelancing, I think there's you know, lots of different
Speaker 4: areas where you could freelance, right, Like obviously creatives do
Speaker 4: it a lot. You could be in literal medicine. You
Speaker 4: could be in so many different areas. But the important
Speaker 4: thing is to understand two different numbers. One what is
Speaker 4: your average income to what are your expenses? So a
Speaker 4: lot of people they bury their heads in the sand
Speaker 4: about expenses, But what you need to understand is what
Speaker 4: are your personal expenses? So what is your rent, what
Speaker 4: is your food? What is all of that when it
Speaker 4: comes to your personal life. But what are your business expenses?
Speaker 4: Like do you have accounting software that you pay for
Speaker 4: every month? Do you have you know, different freelance costs
Speaker 4: that come into it, Because those two numbers should always
Speaker 4: be treated differently, like your business costs should not be
Speaker 4: confused with your personal costs because you need to be
Speaker 4: making sure that your business is covering those And you're
Speaker 4: all good. But the important thing is to try and
Speaker 4: find as much I guess stability as possible. And that's
Speaker 4: why I always rely on budgeting with the lowest amount.
Speaker 4: And you might go but the some months and like,
Speaker 4: let's just be really stereotypical about this. In picksel numbers
Speaker 4: V some months I make two thousand dollars, some months
Speaker 4: I make ten thousand dollars. Great, what you're going to
Speaker 4: do is take those months where you don't actually earn
Speaker 4: two thousand dollars, where you're earning ten thousand dollars, what
Speaker 4: are you doing with that eight grand? Can we look
Speaker 4: at your money spending habits, because if you're anything like
Speaker 4: old me, you're blowing that eight grand that month you're like,
Speaker 4: oh my gosh, it's been so long since I've had money.
Speaker 4: I'm going to treat myself to ABCDNA, and then by
Speaker 4: the end of that month you have nothing left over
Speaker 4: for it. What I would do is go all right,
Speaker 4: that money needs to go into an other account, and
Speaker 4: that's where your average comes from. So Jess, say you've
Speaker 4: worked out your average is three and a half or
Speaker 4: four thousand dollars a month, but one month you get
Speaker 4: paid two thousand dollars. What we're going to do to
Speaker 4: have some consistency is take two thousand dollars out of
Speaker 4: that fund that you've put away, the rainy day kind
Speaker 4: of every day adjustment fund, and give it to yourself
Speaker 4: that month, so you're always living on the average. Yeah,
Speaker 4: because over time, if we're just living on the average
Speaker 4: and we have higher months, we are going to start
Speaker 4: to actually put money aside that fund will build up
Speaker 4: that will become your emergency fund. That makes you feel
Speaker 4: a lot more confident. But I think it's really important
Speaker 4: to realize that even if you are a freelancer, a
Speaker 4: lot of these budget tips and tricks do still apply
Speaker 4: to you. But what you need to do is look
Speaker 4: for the consistency on top of those tips and tricks.
Speaker 4: Does that make sense, Yeah, one hundred percent, very well,
Speaker 4: said V. I think it's important to also understand another
Speaker 4: freelancer rant, When was the last time you checked your pricing?
Speaker 4: When was the last time that you looked at how
Speaker 4: much you're charging clients?
Speaker 2: Yeah?
Speaker 4: Because I can almost guarantee that most freelancers haven't looked
Speaker 4: in it in more than twelve months. And inflation, my friends,
Speaker 4: was seven percent. So are you going to be increasing
Speaker 4: your rates? Because I can almost guarantee that your business
Speaker 4: expenses have gone up in that period of time as well.
Speaker 4: So we need to actually be putting future us first
Speaker 4: by looking at pricing. And one of the most important
Speaker 4: things as a small business owner or as a freelancer
Speaker 4: is to have an understanding of your worth. And if
Speaker 4: you're not doing that, you're shooting yourself in the foot
Speaker 4: and you're always going to feel like you're chasing your tail.
Speaker 4: Like you do good work, your clients see value in that,
Speaker 4: please put a financial number on that. Yeah, so I
Speaker 4: think that's that's where I'm at. Do you guys have
Speaker 4: anything that you would like to add to the freelance combo?
Speaker 2: I think on the money thing, going off what you
Speaker 2: were saying, obviously, she said that if you're self employed,
Speaker 2: like you can't ask for a pay rise the way
Speaker 2: that someone who is an employee can. As well as
Speaker 2: putting up your raise, you can pitch more work. I
Speaker 2: feel like a lot of people when they've been freelancing
Speaker 2: for a while get a bit comfy and wait for
Speaker 2: work to come to us. But are you approaching people
Speaker 2: in your kneese? Are you putting flyers in local businesses?
Speaker 2: Are you advertising on the internet? Do you have a
Speaker 2: social media that's acting as a funnel. There are lots
Speaker 2: of things that you can do to generate additional business
Speaker 2: as well, and that's another way to kind of pump
Speaker 2: up that income and you know, effectively raise the amount
Speaker 2: of money that you're able to pay yourself. Once you
Speaker 2: raise how much cash flow you've got coming in?
Speaker 4: Yeah, I agree, I think It's really just about just
Speaker 4: being across your numbers, and that's harder done than it
Speaker 4: is said. Unfortunately, I think saying, oh, I'm across my
Speaker 4: numbers because you knew what came in last month? What's
Speaker 4: your average? Yeah, what's the mean? What's you love them?
Speaker 4: I think it's really important to understand that though, like
Speaker 4: what is going to be the most reasonable number for
Speaker 4: you to base your budget on, because if you start
Speaker 4: making financial decisions because you had one ten thousand dollars
Speaker 4: a month, that's actually going to shoot you in the
Speaker 4: You can't live a ten thousand dollars a month lifestyle.
Speaker 4: If that was just a one time or a two
Speaker 4: time thing, or maybe you've gotten comfy with it because
Speaker 4: it happened three months in a row, but what you
Speaker 4: forgot was that it was actually coming up to Christmas
Speaker 4: time and then you're going to have a lull come
Speaker 4: you know, the rest of the year. So I think
Speaker 4: it's really important to look at your numbers deeply and understand, well,
Speaker 4: when is my peak season? Because everyone's going to have
Speaker 4: a peak season, even you, Jess, you do freelance content,
Speaker 4: there is going to be peak seasons, and like I
Speaker 4: already know for She's on the money what those seasons
Speaker 4: look like. Because of the types of content that we create,
Speaker 4: we know that June is massive for us because we're
Speaker 4: a finance podcast and there are lots of financial things
Speaker 4: to talk about at end of financial year, Christmas, end
Speaker 4: of year is big for us. But that might not
Speaker 4: be true for every industry. So you need to look
Speaker 4: at yours and go, well, when am I going to
Speaker 4: be making the most or when am I going to be,
Speaker 4: you know, making the least? And I need to actually
Speaker 4: have a little bit of buffer set aside to make
Speaker 4: sure that I can still pay my bills.
Speaker 2: Absolutely.
Speaker 4: Would you like to move on to our spicy DM
Speaker 4: of the week guys, Yeah, yes, you can't wait.
Speaker 2: It's the highlight of my week every week, all right.
Speaker 4: So we've got a community dilemma to discuss this week,
Speaker 4: guys and the DM. It sounded a lot like this, Hi, girls,
Speaker 4: just sending this off the back of Ved's article about
Speaker 4: reversing your financial commitments. A friend of mine got a
Speaker 4: dog in lockdown, and now she can't afford to feed her.
Speaker 4: She's always talking about putting it up for adoption because
Speaker 4: she's just so stressed financially the dogg Oh has built
Speaker 4: up quite a few VET bills recently as well, and
Speaker 4: I know she's just really freaking out. I feel so
Speaker 4: bad for the dog. I also feel bad for my
Speaker 4: girlfriend because it breaks her. But is this the right
Speaker 4: thing to do? I also feel like I should add
Speaker 4: my friend a lot like us was in a much
Speaker 4: better position financially a few years ago.
Speaker 2: This one hurts my heart. Such a hard position to
Speaker 2: be in.
Speaker 4: I feel like it's a good conversation to have, though.
Speaker 4: Beck and I recently recorded our Deep Dieve for our
Speaker 4: our financial Commitment episode and whether you can back out
Speaker 4: of financial commitments and Beck, what's the summary of that?
Speaker 4: I mean you can, but we were definitely talking about
Speaker 4: things that were not pets. Not pets, not living feeling creatures. Yeah,
Speaker 4: but you can back out of any financial commitment. Yeah,
Speaker 4: I think it's important to put future first. Yes, I'm
Speaker 4: the type of person that's going to really struggle with
Speaker 4: this question because there have been times that I have
Speaker 4: been incredibly financially stressed and I would feed my cat
Speaker 4: before I fed myself. So I feel like pets are
Speaker 4: different for everybody, So I probably need to preface my opinions.
Speaker 4: Probably coming from a place where I have grown up
Speaker 4: being obsessed with pets. I have three of them that
Speaker 4: are my life. Like, I don't know what's going to
Speaker 4: happen when I have a human child, Like, how do
Speaker 4: you love a human child more than you love your cat? Jessica,
Speaker 4: I actually don't know. I don't know, like it's going
Speaker 4: to be important. Have you seen my dog? Holy moly,
Speaker 4: a kid can't beat that. Yeah, So I find it
Speaker 4: really hard to be having that conversation in saying that,
Speaker 4: putting my pragmatic hat on. If that is a financial constraint,
Speaker 4: I think obviously the best answer is to rehome that dog.
Speaker 2: Yeah, it's true.
Speaker 5: Hopefully there's someone that is close enough to someone that
Speaker 5: you can see often that will be willing to take
Speaker 5: this dog on, or is anything you can shift around
Speaker 5: maybe make some you know, money, A PI is hard
Speaker 5: to say because it's probably not possible.
Speaker 4: But is this your last resort? Is your last resort
Speaker 4: getting giving the dog up? You know what I mean?
Speaker 4: And if it is, I don't know.
Speaker 5: I don't really own pets, but I do know that
Speaker 5: I just feel really terrible for the animals who have
Speaker 5: formed an attachment.
Speaker 4: But everyone's going to be okay.
Speaker 5: Everyone adapts, every animal adapts, Everything's going to be okay.
Speaker 5: So if it's the last resort, of course.
Speaker 4: Give the dog up.
Speaker 5: But maybe try someone that you know, someone that you
Speaker 5: are friends with, family with. You can see the dog sometimes,
Speaker 5: you know, something like that's when close If not, I.
Speaker 4: Think we need Is this a season of life or
Speaker 4: is this what life's going to look like full time
Speaker 4: moving forward? Like is there a way that you could
Speaker 4: get some support in the interim because you're really struggling financially.
Speaker 4: There are lots of resources totally, Like, there are heaps
Speaker 4: of resources, and I don't think it just comes down
Speaker 4: to the dog, right, and like we could find a
Speaker 4: way to feed the dog very cheaply if we needed
Speaker 4: too for a short period of time, but you know
Speaker 4: as well pets. Yeah, Like there's just a lot in
Speaker 4: that conversation, I think. But Jess, have you ever made
Speaker 4: a financial commitment that you struggled to I guess keep
Speaker 4: you probably haven't because she's much mauder than aspect. I
Speaker 4: don't think so, not in this way, And I think
Speaker 4: that's why this question we're all finding it quite hard. Yes,
Speaker 4: I'm the same as u V. I think I think
Speaker 4: about a pet and I view it as a child,
Speaker 4: like it is dependent on you. Yeah, and I think
Speaker 4: there's a broader conversation to have and it's a good
Speaker 4: chance for a reminder.
Speaker 2: I guess that. And you take on a pet, you're
Speaker 2: taking on a commitment, hopefully for over a decade depending
Speaker 2: on the pet.
Speaker 4: Yeah, that's a lifetime because that's their lifetime commitment. Like,
Speaker 4: you don't take on a pet with the idea that, oh, well,
Speaker 4: I'll just get rid of it h if it's too hard.
Speaker 2: Yeah, we're not getting bunnies for Easter because they're cute.
Speaker 2: We're not getting puppies and then getting rid of them
Speaker 2: because they get big lately.
Speaker 1: You know.
Speaker 2: I think just a good reminder for people that pets
Speaker 2: require love and sometimes things come up like with this
Speaker 2: girl's poor dog, where they require surgery. And I know
Speaker 2: that those are things that you can't plan for, but
Speaker 2: it's something that you, I guess you have to factor
Speaker 2: in at the start. And I know that if someone
Speaker 2: said to me, hey, like it's going to cost six
Speaker 2: thousand dollars, your choices are pay that money or put
Speaker 2: your pet down. I know that that is absolutely not
Speaker 2: That is a decision that I would really, really really
Speaker 2: struggle with, right, And so I can see how she
Speaker 2: got into this position where she's she's obviously paid for
Speaker 2: these surgeries and maybe that's put a significant amount of
Speaker 2: financial strain from her, and that's come from a place
Speaker 2: of love, and that's come from a place of I'm
Speaker 2: trying and I'm doing my best. So I'm not in
Speaker 2: any way implying that she's being no neglectful.
Speaker 4: Of course not. And because we don't know the circumstances
Speaker 4: at all, it's just a really hard conversation to have.
Speaker 4: And I think it's our responsibility to drive home the
Speaker 4: fact that a pet is a responsibility. And I think that, Yeah,
Speaker 4: it's interesting because I've you've probably had it before to
Speaker 4: just where people reply to your Instagram stories they're like,
Speaker 4: oh my gosh, seeing your cat makes me want to
Speaker 4: get one. Yeah, and I go, don't just get one
Speaker 4: because mine looks cute? Yeah, like minor responsibility like.
Speaker 2: Bailey, my couches they pee on shit, Like there's the
Speaker 2: bad stuff too, Yeah, yeah.
Speaker 4: Like my cat Bailey. I have had what now, eleven
Speaker 4: and a half years, and he is my best friend
Speaker 4: and he is now what twelve and a half ish,
Speaker 4: he's getting to be old boy.
Speaker 2: He's such a sweetheart.
Speaker 4: But like, there have been times where financially it's been
Speaker 4: really hard, but I kind of feel like I committed
Speaker 4: to that cat and making sure that he had his
Speaker 4: best life. Like it has constrained me in so many
Speaker 4: different ways, from not being able to apply for certain
Speaker 4: rentals to not being able to travel if I couldn't
Speaker 4: find a pet sitter for him, to like lots of
Speaker 4: different things that I know other people who have gotten
Speaker 4: rid of pets for those reasons, and I just go
Speaker 4: if that's the case, Like if you want to get
Speaker 4: a pet, and then all of a sudden you want
Speaker 4: to go on a holiday, but you can't find, you know,
Speaker 4: pet sitter, so you get rid of the dog. You
Speaker 4: shouldn't have had that dog in the first place, I think.
Speaker 4: But I'm quite cut and dry when it comes to
Speaker 4: pet justice.
Speaker 2: I see a lot of tiktoks. I'm on pet TikTok
Speaker 2: at the moment, I'm on animal shelter TikTok because I
Speaker 2: think because I was looking, I was trying to figure
Speaker 2: out how lay if I don't know's how you can
Speaker 2: volunteer with local shelters on like social media or something
Speaker 2: like that, because I really need to do that. But anyway,
Speaker 2: that's the personal gain. I'm on that side of TikTok.
Speaker 2: And there's this trend that shelters are doing. They're putting
Speaker 2: up like videos of the animals and why they were donated.
Speaker 4: I mean, break my heart.
Speaker 2: It's honestly gut frenching because I watched one literally last night,
Speaker 2: and like, some of them makes itense, you know, the
Speaker 2: owner passed away, or the owner moved into state. There
Speaker 2: was one like the owner went to jail. Oh no,
Speaker 2: and you just go, that's really hard. But there are
Speaker 2: some that it was like dog was too noisy, oh
Speaker 2: you know, or cat, you know, tore up couch and
Speaker 2: things like that, and you go, oh, these are the
Speaker 2: people that probably shouldn't think about what they.
Speaker 4: Were getting into.
Speaker 2: On the note of shelters, I will say as well,
Speaker 2: if it's just the food thing for our listener or
Speaker 2: a friend of our listener, a lot of local shelters
Speaker 2: will actually pass food along to people in need, So
Speaker 2: if they don't want you to give up the pet, no,
Speaker 2: So I would say if it's just the food thing,
Speaker 2: And as you said, if you think it's just right
Speaker 2: now while times are tough, and you know, people are
Speaker 2: struggling to put food on the table for themselves, let
Speaker 2: alone for a pet, which I totally understand. It could
Speaker 2: be worth just reaching out to a couple of your
Speaker 2: local shelters because a lot of people donate foods to
Speaker 2: those shelters and where they can, I know that they
Speaker 2: will pass that along to help out a pet and
Speaker 2: a family in need. So that's something that you could
Speaker 2: look into as well. But yeah, I think ultimately we
Speaker 2: don't want the pet sitting there having a diminished quality
Speaker 2: of life and consequently you also feeling really terrible and
Speaker 2: really stressed as well. If it is the absolute last resort,
Speaker 2: I think, as you said back, like the right thing
Speaker 2: to do is to rehome it, hopefully close to home.
Speaker 2: But I think we all get how awful and how
Speaker 2: hard that really.
Speaker 4: Totally I agree. We asked our community obviously what their
Speaker 4: thoughts were. Someone said, I'm a VET nurse and we're
Speaker 4: seeing this a lot post COVID lately. You have to
Speaker 4: do what's best for both of you.
Speaker 2: Yeah, I get that.
Speaker 4: Very nice. Someone said, I got in a lot of
Speaker 4: debt at a young age, and I ended up in
Speaker 4: a part nine debt agreement, but I still have my cat.
Speaker 4: That's cute.
Speaker 2: Well, it makes you think about too, like companionship. Like
Speaker 2: you see a lot of homeless people who will keep
Speaker 2: their pet, and I know that there's a lot.
Speaker 4: Of mental health.
Speaker 2: There's a lot of discourse around whether it's good or bad.
Speaker 2: But yeah, I completely agree, Like they'll, like you said,
Speaker 2: sometimes they'll feed the pet before they'll feed themselves. It's
Speaker 2: that bond, right, that love and that connection totally.
Speaker 4: Someone said, I got a dog during COVID. She came
Speaker 4: with a lot of health issues. We just had to
Speaker 4: tighten our budget to be able to afford her. Someone said,
Speaker 4: I would do absolutely anything I could to keep my animal,
Speaker 4: but if the choice has to be made, it has
Speaker 4: to be made. I think that's really compassionate at the
Speaker 4: end of the day. Like at the end of the day,
Speaker 4: I think it's the last ditched plan, and I think
Speaker 4: that there shouldn't be shame in that. But I also
Speaker 4: think that we need to advocate for animals so much
Speaker 4: more than we already do, Like they are such a
Speaker 4: massive responsibility. And if you've got a dog during COVID,
Speaker 4: because you're like, ah, well, we're home all the time.
Speaker 4: We'll work it out later, Like no, no, no, that
Speaker 4: was a twelve to fourteen year commitment from you.
Speaker 2: And they're sentient beings, like they get attached, they have emotions,
Speaker 2: they have feelings like if you're on that side of
Speaker 2: TikTok or if you're not, go on there, Like you.
Speaker 4: Don't even need to be on that side of TikTok.
Speaker 4: I have my God, I'm obsessed with my dog and
Speaker 4: it's like right back at me, like we're obsessed with
Speaker 4: each other. We're in livee.
Speaker 2: She does love you.
Speaker 4: Yeah, they're the rules I told her with me. If
Speaker 4: you want to eat all the good food, you gotta
Speaker 4: love make us look good on the internet, Luci. But
Speaker 4: I think it's just one of those things where obviously
Speaker 4: rehoming a pet can sometimes be best thing, and at
Speaker 4: the end of the day, if that's what you're thinking,
Speaker 4: then maybe you're not giving the pet the love it
Speaker 4: deserves to begin with that home. I don't know, but
Speaker 4: I would really start with trying to find in a
Speaker 4: new home before deciding to take it down to the pound.
Speaker 2: Yeah, I agree completely, Yeah.
Speaker 4: Absolutely, I mean message usin will put it on the
Speaker 4: stories and so yeah, because, like I just I would
Speaker 4: hate to think that someone in our community had to
Speaker 4: give up a pet when there are so many beautiful
Speaker 4: community members that probably want a little furry friendly.
Speaker 2: That's how I got Daisy, I know.
Speaker 1: I know.
Speaker 4: We went nuts on the internet and tried to find
Speaker 4: Jess a family member, and do you know what, we
Speaker 4: were successful.
Speaker 2: It was a cute community came through.
Speaker 4: I love it. I love it.
Speaker 2: Got a bad way, but I think that's it. I
Speaker 2: feel like a little now I know it.
Speaker 5: Un Thus, you absolutely must and that's okay.
Speaker 4: You were in a safe space. Yeah, I know you
Speaker 4: totally are. Like I don't think that there's any judgment
Speaker 4: if it's the last ditched attempt, like I think it's.
Speaker 4: It is what it is, isn't it all right? Well
Speaker 4: with that, I hope you guys have the most beautiful
Speaker 4: weekend and we'll see you right early on Monday for
Speaker 4: our money diary. Bye guys.
Speaker 5: Bye.
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