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. She's on the Money, She's on
Speaker 2: the Money. Hello, and welcome to She's on the Money,
Speaker 2: the podcast Millennials who want financial Freedom. Today, my friends,
Speaker 2: it is Friday, which means it would be time to
Speaker 2: get the team together, but Jessica is still in Japan
Speaker 2: living her best life. But it's time for Beck and
Speaker 2: I to celebrate you, our incredible She's on the Money community.
Speaker 2: Today we're going to be sharing our favorite money wins.
Speaker 2: We're going to be helping to answer a juicy money dilemma,
Speaker 2: which this week is all about protecting yourself and your
Speaker 2: investment when you purchase a property with your partner, but
Speaker 2: your deposit amounts aren't equal. It's very specific, and we're
Speaker 2: going to be unpacking something that you slid into our
Speaker 2: DMS about. And this week we're talking what do you
Speaker 2: do when you've been gifted a gift foucher but you
Speaker 2: can't afford to use it? Ah, I feel like this
Speaker 2: one had some really good responses from the community and
Speaker 2: I'm looking forward to it. But before we get there,
Speaker 2: beck Hi, it's just you and me bad.
Speaker 3: I know, this is so interesting.
Speaker 2: We're just hanging out, having a cup of tea, doing
Speaker 2: a little potty record. How's your week being?
Speaker 3: My week has been very, very nice, very chill, picking
Speaker 3: up a little bit, which is good because I make
Speaker 3: it work hard, and you're going to make me work hard. Yeah,
Speaker 3: I'll have impastter syndrome every single day of the week.
Speaker 2: No, not you, not me, not me.
Speaker 3: Nobody's really good.
Speaker 2: And you know, just the sun's been out and it's
Speaker 2: just been hasn't it been? Literally the best?
Speaker 3: Like the best?
Speaker 2: This is obviously dropping on Friday. Today's weather stunning stunning.
Speaker 2: The weekend stunning. That's a long weekend. This weekend stunning.
Speaker 2: I mean you're going to enjoy the long weekend. But
Speaker 2: I am actually as we speak back, I mean Brisbane.
Speaker 2: I'm not actually because we recorded this the day before
Speaker 2: I left, but I'm in Brisbane. Oh crazy, what are
Speaker 2: you doing that? Oh my gosh, it's so exciting. We're
Speaker 2: running out very first health and Wealth event with our
Speaker 2: friends at LSKD where we're doing like a full like
Speaker 2: health session, like a workout, kind of like have some smoothies,
Speaker 2: have some health food, and then we're doing like a
Speaker 2: wealth event where I then tell you how to take
Speaker 2: care of your money.
Speaker 3: That's signing it goes.
Speaker 2: So well together. So we're only doing one of them,
Speaker 2: and it's in Brisbane at the moment, but if all
Speaker 2: goes well today, my friends will be rolling out a
Speaker 2: few more of them because I think they'll be popular.
Speaker 3: Yes, do you want to Melbourne?
Speaker 2: I will. If it goes well. It doesn't go so well,
Speaker 2: I'll be like, oh yeah, haha, we don't have the capacity.
Speaker 3: True, maybe we'll never speak of it ever again.
Speaker 2: I'll be like, I don't know what you're talking about.
Speaker 2: But also, like the health and Wealth event, ye, like
Speaker 2: those two words go really well together.
Speaker 3: That's true, So it almost has to be done just
Speaker 3: so you can think up clean exactly.
Speaker 2: Been good, Yeah, it's been very good. I'm less nauseous.
Speaker 2: That's good, which is stunning. Get this, I can eat
Speaker 2: food and it doesn't come back up. Oh that this
Speaker 2: week only, this week only. I don't know how long
Speaker 2: it's gonna last. We're not gonna like jinx it knock
Speaker 2: on wood, all of those things. But that's the best.
Speaker 3: That's so exciting me.
Speaker 2: I'm very excited to do so, Like I'm excited to
Speaker 2: now go on a plane. I was terrified to go
Speaker 2: on a plane because that could have been a very
Speaker 2: awkward trip for not just me, everybody else involved.
Speaker 3: There's nothing more than when not you, but someone in
Speaker 3: your either your bus or your train or your plane
Speaker 3: is not nauseated, and unfortunately have to see that.
Speaker 2: It keeps me anxiety as well. I mean, like if
Speaker 2: you've ever been pregnant, you know it's not just nausea.
Speaker 2: It's like consistent gagging. So I just sound like I'm
Speaker 2: going to be sick every two seconds exactly, you know
Speaker 2: exactly what it's like, Like I cannot wait. I know
Speaker 2: what's happening. Because Brooke is she's the best video producer
Speaker 2: in the entire world, hired by She's on the money
Speaker 2: because you're also a video producer. And I wouldn't want
Speaker 2: you to feel like I don't respond, but I do.
Speaker 2: That's very nice. She's real mean sometimes, and I know
Speaker 2: she's been collecting over the last few months all of
Speaker 2: those like little videos and snippets of me, like mid
Speaker 2: record that we've cut out, like that we cut out.
Speaker 2: I know she's like piled them away.
Speaker 3: We're not safe.
Speaker 2: No, we're not safe.
Speaker 3: I think especially you, You're especially not safe.
Speaker 4: No.
Speaker 2: And like I'm the easiest to pick on as well,
Speaker 2: Like I feel like I just do oh whole heap
Speaker 2: of weird stuff. But anyway, I want to get onto
Speaker 2: the show. Yes, we have so much to get through today.
Speaker 2: But first things first. Jess usually shares here her money
Speaker 2: wins and confessions from the group. But guess what, I'm
Speaker 2: in control again this week because Jess is not here,
Speaker 2: so we are going roguan. I got to pick them
Speaker 2: this week. Wow, I'm really excited about it. Are you ready?
Speaker 3: I'm ready.
Speaker 2: So, first, we have a money win from Kim. She said,
Speaker 2: I hit my twenty thousand savings goal for this year.
Speaker 2: Siah are you joking. She did say, money loss. My
Speaker 2: puppy ended up in emergency care on the weekend. But
Speaker 2: money wing guys don't forget. I've got twenty grand in savings,
Speaker 2: so I don't have to worry about that bill.
Speaker 3: Oh my god, that's great.
Speaker 2: I also really love her mindset around that, like it's
Speaker 2: not like, oh my gosh, money lost the dog, like
Speaker 2: my savings are going to go backwards. She's like, look
Speaker 2: at this thing that I can lean on that is
Speaker 2: there for this exact purpose.
Speaker 3: This is here for a reason.
Speaker 2: Isn't that cool?
Speaker 3: That's great, adore.
Speaker 2: Also, she gets a special mention because, without being prompted
Speaker 2: by me, she also uploaded this and it says also
Speaker 2: VD will probably want to see a picture, and it
Speaker 2: is a photo of her dog.
Speaker 3: She knows you too well.
Speaker 4: You know me.
Speaker 2: I love it all right. Money in from Mahalia, she says,
Speaker 2: start a maternity leave today. Congrats. She says, it's a
Speaker 2: little bit earlier than planned. But I've been putting extra
Speaker 2: towards bills and stocking up on items for months now,
Speaker 2: which means we're at least six months ahead on a
Speaker 2: majority of our bills and rates. And I'm stocked up
Speaker 2: on all of the household items like washing powder, softener,
Speaker 2: dishwasher tablets, liquid, and pet food, which is gonna be
Speaker 2: coming in handy on a reduced income soon. I'm stressed
Speaker 2: about the reduced income part, but I'm trying to focus
Speaker 2: on the positives, on how we've prepared so much to
Speaker 2: get to this point.
Speaker 3: Yeah, that's a really, really good idea.
Speaker 2: I didn't even think about. I mean, I'm pregnant. I'm
Speaker 2: the worst pregnant person ever. Like, I have made no
Speaker 2: real big purchases yet, and to the big purchases I
Speaker 2: have made a little truly not even that exciting. But
Speaker 2: like stocking up on washing powder, dishwashing liquid, and like
Speaker 2: dishwasher tablets, that's going to cut down your grocery budgets
Speaker 2: so much when you go to one income. Yes, and
Speaker 2: if you're shopping over a few months, you can get
Speaker 2: them all on sale. Yes, that's so smart, really good idea.
Speaker 2: All right, Jennifer, she's got a money loss this week.
Speaker 2: She had to purchase a new fridge, but she also
Speaker 2: gave us some money win. She's like, I'm going to
Speaker 2: counteract the bad with the good. She said, I was
Speaker 2: going to purchase the fridge the good guys, but they
Speaker 2: were lazy and wouldn't get back to us with whether
Speaker 2: they had it in stock or not. So popped on
Speaker 2: over to JB High Fight, got free delivery, took the
Speaker 2: old fridge away for free, and through my husband's job,
Speaker 2: he got five percent off purchases through JB High Fight,
Speaker 2: So we ended up saving more than two hundred and
Speaker 2: fifty dollars.
Speaker 3: WHOA, that's very good. That's a big money win.
Speaker 2: She's also, you know, added a life win in here,
Speaker 2: which I think all of us are going to be
Speaker 2: a little bit envious of. Are you ready?
Speaker 3: I'm ready?
Speaker 2: Life win. She's like, I didn't even have to clean
Speaker 2: the old fridge before we threw it away.
Speaker 3: Oh yes, how annoying is it.
Speaker 2: To get thrusting your fridge wiping it out like it's gross?
Speaker 2: No thanks, no, no thanks? All right, I've got two
Speaker 2: more for you, beck Are you ready? This one is
Speaker 2: from Renee? She said, I changed my home insurance, saved
Speaker 2: four hundred dollars. Then girl masked myself into buying your
Speaker 2: diceon air up because they're on sale everywhere you got
Speaker 2: to you gotta get it. I appreciate that Renee, and
Speaker 2: then we have one last one from our friend Mary,
Speaker 2: and she said, for the first time in months, I
Speaker 2: haven't had to dip into my savings. Isn't that really good?
Speaker 2: Good on you get it, Mary.
Speaker 3: Yeah, that's great, Mary.
Speaker 2: I feel like that's so good. That's like a positive
Speaker 2: money habit that I feel like so many of us
Speaker 2: struggle with, especially at the moments. We're in the middle
Speaker 2: of a cost of living crisis, and I swear everything
Speaker 2: is fifty times not exaggerating more expensive than it used
Speaker 2: to be.
Speaker 3: Yah, so true.
Speaker 2: It just feels that way.
Speaker 3: A or grapes of the day, twelve dollars for like
Speaker 3: a little little bunch.
Speaker 1: No.
Speaker 2: I feel like I saw him main the other day
Speaker 2: and it said one hundred dollars is equivalent to one
Speaker 2: dollar in adult and I was like, that's how it feels.
Speaker 3: Yeah, that's true, actually what it feels.
Speaker 2: And I was like, that's gross.
Speaker 3: Yeah, I'm actually curious to know how much you get
Speaker 3: for a dollar back in like twenty years ago.
Speaker 2: I don't know I could calculate it for it. I mean,
Speaker 2: I could absolutely calculate it for you, but we're not
Speaker 2: going to because it is time to do bex broke tips.
Speaker 2: What have you got for us this week?
Speaker 3: Okay, so this week I have one broke tip Sorry,
Speaker 3: i have my two broake tipsy and then I've got
Speaker 3: one from myself.
Speaker 2: A right, but like the first, the first.
Speaker 3: One is what I'm trying to say, thank you Victoria.
Speaker 3: So my first one comes from Jane who says I
Speaker 3: buy movie vouchers through shot back money I've earned, so
Speaker 3: when you're having a poor week, you can still go
Speaker 3: to the movies, which I think is a really cool idea.
Speaker 3: It's maybe something that like, sure, if you're like a
Speaker 3: little bit broke, it's not like your top priority, but
Speaker 3: it is also nice to do things that make you
Speaker 3: feel good. If you don't necessarily have a lot of
Speaker 3: money coming in, or you can't do those little things,
Speaker 3: it can be really hard for your mental health to
Speaker 3: be like I actually done money and I can't do anything.
Speaker 2: I feel like that's a really good one too, because
Speaker 2: shopback's basically free money. Like if you're using shopback on
Speaker 2: your purchases, it's cash back that you wouldn't have otherwise gotten,
Speaker 2: and a lot of our community like using it as
Speaker 2: kind of like a cheeky little savings account kind of
Speaker 2: like to the side for splurges because obviously, like if
Speaker 2: you can't afford heaps, you're not going to pay for
Speaker 2: movie tickets as well. Yes, but like they feel free
Speaker 2: through shopbacks, so I feel like that's good. And also
Speaker 2: like if you pre purchase them, you kind of have
Speaker 2: something to look forward to as well. I like it.
Speaker 3: I like it so and maybe instead of going out
Speaker 3: and be like, oh my gosh, I've got to take
Speaker 3: my partner or my friend out for dinner or something,
Speaker 3: you go to the movies instead and spend zero dollars
Speaker 3: instead of spending your last fifty dollars or whatever it is.
Speaker 2: So I don't know if you've ever done this. Spepack.
Speaker 2: When I was in UNI, I used to put my
Speaker 2: dinner in a tupperware container with my housemate and then
Speaker 2: we'd go to the movies and I'd obviously take my
Speaker 2: full handbag and put my dinner in the bottom of it,
Speaker 2: but we'd have like dinner in a movie, and I
Speaker 2: was like genius. We also went on cheap Tuesdays, so
Speaker 2: we got like the two for one because obviously we're
Speaker 2: not paying full price movie tickets in this house, absolutely not,
Speaker 2: so we'd like package up our little dinner and have
Speaker 2: like I don't know, a like movie theater picnic. They
Speaker 2: probably won't like that, like don't come at me village cinemas.
Speaker 2: I'm really sorry, true I forgot, You're not meant to
Speaker 2: do that. But like kind of for gold class and
Speaker 2: table service. So I di wied totally totally under the table.
Speaker 2: Don't tell anyone we said that. Good idea, all right?
Speaker 2: Next what else we got for us?
Speaker 3: Next one from Mindy who says, learn to tint your
Speaker 3: own brows. It is so easy draw outline with pencil.
Speaker 3: This this is kind of like more so for any
Speaker 3: kind of I would say maintenance. It's still also something
Speaker 3: you wouldn't prioritize if you are really really broke.
Speaker 2: H absolutely, but this is going to save some money.
Speaker 2: This is going to save some good money. It's going
Speaker 2: to save some good money. And it's not only for eyebrows.
Speaker 2: It's for you know, learn how to do your own head.
Speaker 2: And I was about to be like, what other hair
Speaker 2: are you tinting?
Speaker 3: You know you can tint your arm hairs if you
Speaker 3: want to, anywhere you want, learn how to tint, learn
Speaker 3: how to cut, learn how to and I know like
Speaker 3: you know. I don't know if you know this or not,
Speaker 3: but I've never been to a headresser, so.
Speaker 2: This one I'm quite aware. I'm quite aware. Not because
Speaker 2: I can tell that is a stunning mullet. Thank you.
Speaker 2: In fact, do you look like a stun mullet. You
Speaker 2: have bragged on the show a few times about diying hair,
Speaker 2: and do you.
Speaker 3: Know what, don't surprise you still have some exactly, don't
Speaker 3: be scared. Don't be scared to learn how to do
Speaker 3: your nails. I don't do my nails, but if you
Speaker 3: did do your nails, learn how to ten your eyebrows yourself,
Speaker 3: learn how to do a little wax yourself. I do
Speaker 3: all the kind of like beauty maintenance, all these kind
Speaker 3: of things.
Speaker 2: All right, beck, I want to know what is your
Speaker 2: broke tip of the week.
Speaker 3: Okay, So mine, probably as usual, is a little bit
Speaker 3: rogue and maybe not all that relatable, but.
Speaker 2: Not relatable content.
Speaker 1: I love it.
Speaker 2: Let's put it on a podcast and send it live
Speaker 2: to the one point six million people.
Speaker 3: A really good idea. Yes, that's a really good idea.
Speaker 3: That's what I was hoping to do today.
Speaker 2: Ye actually great.
Speaker 3: I was talking to our fill in producer Indiana yesterday
Speaker 3: and I was talking about how we're both talking about
Speaker 3: how we go to the gym and we use the showers,
Speaker 3: we use, the hair dryers, we use the they have
Speaker 3: like little like moisturizers, yeah, tampons, pads, all this stuff
Speaker 3: at your gym. I paid.
Speaker 2: You're paying for your gym membership. Yeah, you paid it
Speaker 2: all the week.
Speaker 3: And also it's a really good way, like if this
Speaker 3: is more so for saving on utilities like energy, water. Literally,
Speaker 3: if you do it for long enough and if you
Speaker 3: do it enough times, it will have an impact. It
Speaker 3: will have an impact.
Speaker 2: I mean, if you don't shower at home, you're going
Speaker 2: to say a lot of money exactly.
Speaker 3: And it's a really good way to get you out
Speaker 3: of the house and maybe go to the gym. If
Speaker 3: you didn't want to go to the gym, you're like,
Speaker 3: I want to save money on essentials that could be
Speaker 3: moisturizer pads, tampon's hair dryer everything. They have everything there.
Speaker 2: Okay, So I can and will save money on doing
Speaker 2: my eyebrows, and I can and will save money doing
Speaker 2: you know, my own pedicures and manicures. You are not
Speaker 2: going to get me in the gym have fun.
Speaker 3: What if you couldn't afford a hair dryer, and you're like,
Speaker 3: but I do have gym membership, Maybe I'll just go
Speaker 3: and use the gym's hair dryer while you're there.
Speaker 2: Maybe I'll do I've canceled the gym membership and find
Speaker 2: the hair.
Speaker 3: Dry That's actually very good idea. That's a good way
Speaker 3: to do like two things in one, you know what
Speaker 3: I mean.
Speaker 2: If you go the gym anyway, if you want to
Speaker 2: hate yourself and go to the gym, you do that exactly.
Speaker 3: And take advantage of their utilities water, energy, electricity.
Speaker 2: Genie anything else for those who are interested.
Speaker 3: Exactly if you're interested. Also if you're there is also
Speaker 3: a little bit more more rogue than that. If you're
Speaker 3: in a Campa van and you're driving around Australia, very
Speaker 3: relatable content and you don't want to get an Airbnb
Speaker 3: or a hotel because you have a van. You do
Speaker 3: have a camp of van. But if you wanted like
Speaker 3: a knight of luxury, you want to have a good
Speaker 3: shower or something like that. This is also where would
Speaker 3: come in handy. You have a nice hot shower in
Speaker 3: a gym anyway, that's my but do.
Speaker 2: You have to pay for the gym or if you
Speaker 2: got like one of these memberships where it's any club
Speaker 2: in Australia.
Speaker 3: Yeah, I use anytime finish. I think I should say
Speaker 3: that just in case.
Speaker 2: Yeah, no, give them a little plug, because you're abusing
Speaker 2: them enough that they probably deserve the free advertising.
Speaker 3: I should be paying their utilities at this point.
Speaker 2: I couldn't agree more. All right, Well, let's go to
Speaker 2: a really quick break because on the flip side, we're
Speaker 2: going to be talking about a money dilemma of how
Speaker 2: to protect your yourself and your investment when you're going
Speaker 2: to purchase a property with a partner but you don't
Speaker 2: have equal deposit amounts. And we're also going to be
Speaker 2: unpacking something that you slid into our DMS about this week.
Speaker 2: We're talking about what do you do when you've been
Speaker 2: gifted a gift voucher that you can't afford to you?
Speaker 2: So don't go anywhere, guys. All right, Beck, we are back.
Speaker 2: Let's have a listen to this week's money dilemma. Hi, there,
Speaker 2: have you got a money dilemma you just can't solve that.
Speaker 2: She's on the money team is here to help. Every
Speaker 2: week we tackle your dilemmas, both big and small to
Speaker 2: answer your most burning money, career and life questions. To
Speaker 2: get involved, simply head to our website and leave us
Speaker 2: a short voice recording and you might just find yourself
Speaker 2: on the show. Now, let's take a listen to this
Speaker 2: week's money dilemma.
Speaker 4: Hello, she's on the money question. What can you legally
Speaker 4: do to protect yourself when purchasing a property with your partner,
Speaker 4: significant other, husband, et cetera. If you have deposit amounts
Speaker 4: that aren't equally matched. For example, if I put in
Speaker 4: eighty percent of the deposit and they put in twenty percent.
Speaker 4: What can be done so you can protect your assets
Speaker 4: if that relationship doesn't work in the future.
Speaker 2: Thanks, this is a good one, Beck. What would you do? I?
Speaker 2: She said legal? Legally? What can you legally do? Not?
Speaker 2: What would Beck actually do?
Speaker 1: Yeah?
Speaker 2: Could you legally? I was going to give only illegal Yeah,
Speaker 2: that's why I was disclaiming it.
Speaker 3: Yeah, that's probably a good idea. Well, in that case,
Speaker 3: I have nothing, But you're like to start a fight.
Speaker 3: Start a fight, broke up, and you know to deal
Speaker 3: with it.
Speaker 2: No, I'm just kidding, because if you're trying to separate
Speaker 2: it you probably have broken up back, right, So we're
Speaker 2: forward planning. What's your exit plan? What's your exit strategy?
Speaker 3: Gosh, you know v I do you want me to
Speaker 3: just take because you know I'll never probably I'll probably
Speaker 3: never find myself in this position, So I'm I'm happy for.
Speaker 2: You you will. So first things first, we need to
Speaker 2: do a few things. One, we need to have open,
Speaker 2: honest conversations about where we're going and what we want
Speaker 2: to do. So, if let's pretend it's around one hundred
Speaker 2: thousand dollars and you've contributed seventy thousand and your partner
Speaker 2: has contributed thirty thousand, that is a significant difference in
Speaker 2: deposit amount. Like we're not talking about two or three
Speaker 2: thousand dollars where it's kind of like here or there
Speaker 2: in the grand scheme of things, it all comes out
Speaker 2: in the wash. Like that's significant. Are you going to
Speaker 2: be splitting the mortgage in the same percentages or are
Speaker 2: you just going to be fifty to fifty after that?
Speaker 2: If so, if you're selling the house, will you be
Speaker 2: getting that seventy thousand dollars back before profit? What does
Speaker 2: that look like? Are you going to purchase the house
Speaker 2: and then if you know your exit plan is no worries,
Speaker 2: we'll leave when we get our deposit back, we'll split
Speaker 2: it equally. Why would you do that if you contributed
Speaker 2: literally seventy percent and they contributed thirty. So I think
Speaker 2: it's important to have that open, honest conversation first. Yes,
Speaker 2: you could take it a step further, get what's called
Speaker 2: a binding financial agreement, which I think is really important,
Speaker 2: especially if you're like, oh, I don't really know, it's
Speaker 2: never going to be fifty to fifty, Like it just
Speaker 2: makes you a little bit more financially secure, and I
Speaker 2: think that's really important. The other thing is understanding property
Speaker 2: ownership and that there's not just one way to own
Speaker 2: a property. So the first thing that popped into my
Speaker 2: head was are you going to be tenants in common
Speaker 2: or are you going to be joint tenants? So if
Speaker 2: you're a joint tenant, that means that each owner has
Speaker 2: an undivided equal share in the whole amount of the land,
Speaker 2: and the premise of one means that their share passes
Speaker 2: to the other joint owner if they passed away. Like Beck,
Speaker 2: you or and I are in a relationship, we buy
Speaker 2: a house together, I die yesterday. It means automatically becomes
Speaker 2: entirely your house. Is that how it's going to work.
Speaker 2: Is that what you're comfortable with? If so, that's fine.
Speaker 2: But the flip side is tenants in common, and that's
Speaker 2: where each party has a very well defined share in
Speaker 2: that property and in the land. And it could be
Speaker 2: you know, fifty to fifty, it could be that seventy
Speaker 2: thirty that we were talking about, or any other percentage.
Speaker 2: So it really depends are you going to be going
Speaker 2: equal on the mortgage repayments? And like who owns the house?
Speaker 2: Like you know, you might have contributed seventy percent of
Speaker 2: the deposit, but do you own seventy percent of the house?
Speaker 4: Right?
Speaker 2: What does that conversation look like? How does that work?
Speaker 2: Where are we going with it? So I think it's
Speaker 2: really important to have these open, honest conversations of like, okay,
Speaker 2: like hypothetically if we break up, and it sounds bad
Speaker 2: because no one wants to talk about breaking up, right,
Speaker 2: But I think the best time to have these conversations
Speaker 2: is when everything sunshine and roses, like, yes, we're so
Speaker 2: in love together. Yes I want the best for you
Speaker 2: and you want the best for me. Why aren't we
Speaker 2: making those decisions and putting them on paper now where
Speaker 2: I go, No, if we broke up, I mean, if
Speaker 2: you cheat on me, Beck, we've got to have a fight.
Speaker 2: But if everything worked out in our relationship, hasn't, this
Speaker 2: is what I would want for you. And you go, yeah, okay,
Speaker 2: that seems fair. Let's do it when we're level headed
Speaker 2: and still in love and want the best for each other.
Speaker 2: Because to me, that's the kindest outcome. And also, those
Speaker 2: conversations suck when you haven't had them and now you're
Speaker 2: trying to have them with a partner you don't even
Speaker 2: want to answer text messages from. So I think it's
Speaker 2: important to I guess, be open and honest, Like if
Speaker 2: you're at a point where you're buying a property with
Speaker 2: a partner, protect yourself. And I mean you said protect
Speaker 2: yourself and your investment. It's an investment. We don't put
Speaker 2: money in hopefully get less back. So put it in,
Speaker 2: put a plan in place, and you know, sign off
Speaker 2: on it even if it doesn't And I don't want
Speaker 2: to say even if it isn't legally binding, because all
Speaker 2: of the estate planning lawyers in my DMS will blow
Speaker 2: up at me. But sometimes we just don't have the
Speaker 2: money to pay for an estate planning lawyer. So at least,
Speaker 2: at the very least, have that open, honest conversation and go, well, Beck,
Speaker 2: this is what I would do. Yes, does that make sense?
Speaker 3: That's totally makes sense.
Speaker 2: Let's just be kind to each other.
Speaker 3: Yeah, and also, congrats on getting to a point where
Speaker 3: you have a deposit.
Speaker 2: That's big dog, isn't it.
Speaker 3: That's really really cool.
Speaker 2: That is very cool. All right, moving on, Okay.
Speaker 3: I'm so excited for this, are you?
Speaker 2: Actually?
Speaker 3: I'm really excited.
Speaker 2: We have a DM and I'm very excited about it
Speaker 2: because every single week someone slides into our DMS about
Speaker 2: what to do with a bit of a dilemma. Sometimes
Speaker 2: it's spicy, sometimes not. This week we received a dilemma
Speaker 2: and it sounded a lot like this, Hi, she's on
Speaker 2: the money. I have a money dilemma. My friend kindly
Speaker 2: gifted me a one hundred dollars gift voucher to a
Speaker 2: very very fancy and Spanospa for my thirtieth birthday. That's nice. However,
Speaker 2: every treatment is way out of my budget, so I
Speaker 2: just thought, you know what, I'll have my eyebrows done well,
Speaker 2: the voucher comes with terms and conditions that say the
Speaker 2: minimum treatment is ninety minutes and it needs to be
Speaker 2: used within six months. The cheapest option would actually leave
Speaker 2: me out of pocket by more than one hundred and
Speaker 2: sixty dollars once I've used the voucher. I simply can't
Speaker 2: afford this right now.
Speaker 3: What I do?
Speaker 2: Give the voucher back to her, try to sell it
Speaker 2: on Facebook marketplace, or do I just let this blow
Speaker 2: over and just waste it. I'd hate to waste her money,
Speaker 2: but it's honestly not a priority right now to contribute
Speaker 2: so much money to a massage.
Speaker 3: HM. I totally know this feeling. It's like, you know,
Speaker 3: when you get any package ever and there's like a
Speaker 3: one hundred dollars naked wines thatchy there, and you're like,
Speaker 3: oh my god, if I use this, and you go
Speaker 3: online and you're like, oh, I have to spend at
Speaker 3: least seven thousand dollars, you know, and so it's the worst.
Speaker 2: And so I was like, Okay, this is actually imagine
Speaker 2: if that was your thirtieth birthday as well.
Speaker 3: Yeah, and you don't want to like use you want
Speaker 3: to use it, but one hundred and sixty bucks is
Speaker 3: a lot of money. Maybe, Like I would say, sit
Speaker 3: on it until maybe a month or two out of
Speaker 3: the actual expiration thing, and if you still can't afford it,
Speaker 3: then I would just have a nice, honest, open conversation
Speaker 3: with the friend and be like, this is the situation.
Speaker 3: I want it to be used and I want maybe you.
Speaker 2: To use it. Yeah, that's kind.
Speaker 3: I think that's kind. Or maybe your friend will be like, oh,
Speaker 3: I'm so sorry, I'm going to give you one hundred
Speaker 3: and sixty dollars and you can go get a nice treatment, doupe.
Speaker 2: I mean, that's how i'd solve it, because I'd feel
Speaker 2: bloody awful. Yeah, I feel like, I don't know, I've
Speaker 2: got a bone to pick with the spa. Why are
Speaker 2: you selling one hundred dollars vouchers if you don't even
Speaker 2: have a service. That's one hundred dollars true?
Speaker 3: What the hell I did you even think of that?
Speaker 4: Like?
Speaker 2: Why are you putting terms and conditions on it? Like
Speaker 2: I can almost guarantee that Beck if I went, oh,
Speaker 2: I'm gonna buy Beck one hundred dollars voucher to a spa.
Speaker 2: In my head, you'd just be able to use that
Speaker 2: on like whatever you want, Like I would be mortified
Speaker 2: to find out that they then put a ninety minute
Speaker 2: cap on it and then you had to spend more,
Speaker 2: Like that wasn't the purpose of me giving you a voucher,
Speaker 2: Like I wanted you to go to have a really
Speaker 2: relaxing time on me, not have a financially expensive time
Speaker 2: or me. Yeah, do you know what I mean? Like,
Speaker 2: I feel like that doesn't make a lot of sense.
Speaker 2: So if you're confident enough, I'd pick up the phone
Speaker 2: and just have a conversation with whoever answers, Like obviously
Speaker 2: you're calling the SPA disclaimer that, but call the spar
Speaker 2: and be like, hey, like why like what can I
Speaker 2: use the one hundred dollars for? Like it's not within
Speaker 2: my budget? You know, could I break it up? Could
Speaker 2: I actually use it for this eyebrow wax? I know
Speaker 2: your terms and conditions say ninety minutes, but that doesn't
Speaker 2: feel like it's in line with fair trading if we're honest,
Speaker 2: Like I don't want to be that, Karen, But like
Speaker 2: I also go, that's not very fair because also if
Speaker 2: they do offer cheaper services, hey, like I feel like
Speaker 2: that's quite reasonable. You're not missing your money. Like my
Speaker 2: friend paid you one hundred dollars, I in turn got
Speaker 2: this voucher. I would now like one hundred dollars worth
Speaker 2: of services. If an eyebrow, you know, wax, is thirty dollars,
Speaker 2: let's say, can you just break it up and give
Speaker 2: me three of those or four foot the extra ten dollars? Yeah,
Speaker 2: like you you know what I mean? Like, maybe try
Speaker 2: and negotiate it, like I can completely understand that the
Speaker 2: terms and conditions might say that. I don't think that
Speaker 2: they stand up because that feels a bit dodged. Yeack,
Speaker 2: But yeah, I would do that. But in saying that,
Speaker 2: let's pretend that's all kosher. Sure, honestly I wouldn't say
Speaker 2: anything to the friend at all. I don't feel like
Speaker 2: this is their problem. Yes, I also wouldn't want them
Speaker 2: feeling bad. But for me, if I gift you something back,
Speaker 2: I would never be offended if you regifted it, like
Speaker 2: if it doesn't serve that purpose. But the gift I
Speaker 2: gave you served the purpose when I gave it to you,
Speaker 2: and it was to make you feel thought of, and
Speaker 2: you know you feel special, and you you know, might
Speaker 2: use it or might not. But Ultimately, I'm giving you
Speaker 2: a gift because it's an act of kindness from my behalf, going, Hey,
Speaker 2: I really want to show my gratitude and how much
Speaker 2: I love you, and here's this gift. Did you feel
Speaker 2: like you got that out of that gift when your
Speaker 2: friend gave it to you?
Speaker 3: Yeah, you probably. That's a good question. I think that though.
Speaker 2: Why do I need to keep the gift?
Speaker 3: Yeah?
Speaker 1: True?
Speaker 3: True? True?
Speaker 2: Why does it matter what I do with the gift?
Speaker 3: You wouldn't resell it, you would regift it.
Speaker 2: Oh no, no, no, like you could sell it, you
Speaker 2: could regift it. I don't mind what you do with it.
Speaker 2: But sure the purpose of the gift happened. Yeah, Okay,
Speaker 2: it wasn't. Oh she didn't even care, she doesn't have it. Well,
Speaker 2: I gave it to her. She felt appreciated. You know,
Speaker 2: if you really want to get in the nitty gritty
Speaker 2: when you post on Facebook, marketplace, hide it from your
Speaker 2: friends when you post it. True, that just feels like
Speaker 2: the smart thing to do. But I think it's one
Speaker 2: of those things where the gift did technically serve its purpose.
Speaker 2: And that's why I'm such a fan of I guess regifting,
Speaker 2: like because if someone gifts me something and it's a
Speaker 2: really thoughtful present, Pretend it's my favorite candle, Like I've
Speaker 2: got a favorite candle, loll but I know what it is,
Speaker 2: do you know, like the Marco and Co candles. It's
Speaker 2: like beachy one. I don't know what I'm running at
Speaker 2: outside now anyway, anyway, my favorite candle ever. But let's
Speaker 2: pretend somebody gifted me that I've already been gifted, like
Speaker 2: two of them. I've got them in my draw. Do
Speaker 2: I add it to that and just let it sit there?
Speaker 2: Or when your birthday comes up back, do I go,
Speaker 2: oh my gosh, this is my favorite candle. That's gonna
Speaker 2: love it. I'm gonna give her one. Yeah, the gift
Speaker 2: for me served a purpose. I feel really heard from
Speaker 2: my friend. I feel like my friend really thought about me.
Speaker 2: But also that gift serving another purpose and that I
Speaker 2: don't have to buy a present to give to someone else. Yes,
Speaker 2: so you could regift it, you could sell it, you
Speaker 2: could you know, call and negotiate, but I don't think
Speaker 2: your friend needs to be involved. Okay, your friend was
Speaker 2: just trying to do something really nice and to be honest,
Speaker 2: if you came to me back and said, Hey, the
Speaker 2: voucher that you gave me can't do anything with I'm
Speaker 2: just going to feel bad unless you want to have
Speaker 2: that conversation and you're really close to them. But that's
Speaker 2: my take.
Speaker 3: Yeah, okay, while we're on completely different ends of the spectrum.
Speaker 2: Here, I know, but like also, I think I'm a
Speaker 2: bit more I don't know Fluffy when it comes to
Speaker 2: gift giving, because I think it's really about the act
Speaker 2: of gift giving, not necessarily the outcome. It's like the
Speaker 2: thought that counts, right yeh, So like why it's the
Speaker 2: thought not counting here?
Speaker 3: Yep, that's true.
Speaker 2: So very good point. We did ask the community what
Speaker 2: did they say? We said, what would you do if
Speaker 2: you were in this situation? Thirty seven percent of you
Speaker 2: said we'd give the voucher back to our friend, forty
Speaker 2: eight percent of you said we'd sell it, and fourteen
Speaker 2: percent of you said, I'm just not going to use it.
Speaker 2: I'm going to let it go to waste. Won't do that,
Speaker 2: I see. Don't let something go to waste?
Speaker 3: Yes, try not to.
Speaker 2: But you know, the next question we are was if
Speaker 2: you found out your friend sold a present you gifted
Speaker 2: them or marketplace how would you feel? Thirty percent of
Speaker 2: you said, I'd feel upset and angry even if I
Speaker 2: knew the situation. I think you need to have a
Speaker 2: hard think about your values here and why you even
Speaker 2: gifted it to them in the first place.
Speaker 3: Oh true, Yeah, yeah, yeah, I think it's I don't know. Yeah,
Speaker 3: that's fair. I mean, I can see both sides, but.
Speaker 2: I can totally see both sides. But like, I also
Speaker 2: very much are like it's the thought that counts.
Speaker 3: Yeah, yeah, definitely.
Speaker 2: Seventy percent of you said I'd understand given the situation.
Speaker 2: We said, do you think it seems ungrateful to give
Speaker 2: a present back? Thirty eight percent of you said yes,
Speaker 2: and I agree. I agree. I wouldn't give a present back.
Speaker 2: I didn't give it back. I would find another purpose
Speaker 2: for it, because I don't want you to think that
Speaker 2: the thought wasn't worth it. Sixty two percent of you
Speaker 2: said no, I don't think it's ungrateful. We then obviously
Speaker 2: opened our DMS and said, give us your two cents,
Speaker 2: and here are some of the responses back. So, someone said,
Speaker 2: isn't there rules on how long gift cards need to last?
Speaker 3: Now?
Speaker 2: Yes, true, Yes, they can't expire it can't expire.
Speaker 3: They can't.
Speaker 2: Well, they've got your money, right, Like, you can't be
Speaker 2: like hahaha, it's not going to work after this amount
Speaker 2: of time. True, someone said, I think offering it back
Speaker 2: and kindly explaining before selling it would be polite. Great.
Speaker 2: She could regift it to someone in her circle that
Speaker 2: knows she could use it, perhaps somebody who they know
Speaker 2: already goes to that spa.
Speaker 1: True.
Speaker 3: Or to stand outside the spar and be like, you
Speaker 3: want one hundred bucks off your treatment today?
Speaker 2: Yeah, exactly, stand out the front and be like, hey,
Speaker 2: I've got this voucher. Are you going in there?
Speaker 3: Just someone who looks nice?
Speaker 2: Yes.
Speaker 1: Yeah.
Speaker 2: It's like when you give your parking ticket to the
Speaker 2: next PERI. It's like my favorite thing to do, all right. Next,
Speaker 2: someone said, we need to change your mindset my friend.
Speaker 2: I am your friend. She said, I don't have many friends,
Speaker 2: but it's all about open and honest communication. In this circumstance,
Speaker 2: You've got enough friends, I promise. Next someone said, let
Speaker 2: it expire or let them know that the terms and
Speaker 2: conditions suck. She might not have known, and gift it
Speaker 2: to somebody else too in the future.
Speaker 3: Oh point, it's a very good point.
Speaker 2: Because if Becky, you pretended to love the gift that
Speaker 2: I gave you, I'd be like, that's sick. I'm going
Speaker 2: to get it for Indy when her birthday comes up.
Speaker 2: And then Indy's like, fuck, she got me one of
Speaker 2: those gift vouchers that you got that you just can't
Speaker 2: use about me behind my back. We would never No,
Speaker 2: you wouldn't.
Speaker 3: He would just sell this whole cycle, just give gift everything.
Speaker 2: No, it's true. Someone else said, if she's a true friend,
Speaker 2: she's gonna understand. Just talk to her about it. Someone
Speaker 2: else is on the same page as me and said,
Speaker 2: ring up the SPA and tell them that they need
Speaker 2: to be flexible with their terms and conditions. Seriously, someone said,
Speaker 2: ask other clothes, family or friends if they would like
Speaker 2: it so it doesn't go to waste, or ask for
Speaker 2: an extension, which I think is very fair extension noneth less,
Speaker 2: like six months is.
Speaker 3: Not enough time.
Speaker 2: Someone else has said, and I'll give you two more
Speaker 2: of these. I'd regift it to someone in a better
Speaker 2: financial position. I'd give it to my mum or something
Speaker 2: like that. And then someone said, sell it or gift
Speaker 2: it to someone close to you. Just pass on the
Speaker 2: good vibes. That's what it was for. Like that, because
Speaker 2: I just feel like when you're giving a gift, it's
Speaker 2: the thought that counts, bought that counts. Like that's what
Speaker 2: tender gave you a mug and I go, Beck, I
Speaker 2: picked this mug because I thought you'd really love it.
Speaker 2: But then it turns out you just drink out of
Speaker 2: drink bottle and you're never going to use it. Does
Speaker 2: the thought go to waste there? I don't think it does.
Speaker 3: Never.
Speaker 2: So if you regifted it, you'd be like, well, it
Speaker 2: is a really nice mug, I'm just not going to
Speaker 2: use it.
Speaker 3: And arguably opening a gift is so much funner than
Speaker 3: usually the gift.
Speaker 2: Yeah, exactly, And also is it not a gift that
Speaker 2: I just saved you money from having to like buy
Speaker 2: your other friend and another process.
Speaker 3: Exactly.
Speaker 2: You are welcome, You are welcome. Don't say I don't
Speaker 2: do anything for you. Regift all the time, especially coming
Speaker 2: up to Christmas. Maybe go through your cupboard. What haven't
Speaker 2: you used from Christmas last year that you can add
Speaker 2: it to Chris Kringle this year?
Speaker 3: Not hoping Maybe.
Speaker 2: There's a lot. There is a lot, all right, Unfortunately,
Speaker 2: I do think that is all we have time for today.
Speaker 2: So beck you have the best we can you too,
Speaker 2: and we will see you guys on Monday.
Speaker 3: Bye guys, love you, bye bye.
Speaker 2: The advice shared on She's on the Money is general
Speaker 2: in nature and does not consider your individual circumstances. She's
Speaker 2: on the Money exists purely for educational purposes and should
Speaker 2: not be relied upon to make an investment or financial decision.
Speaker 2: If you do choose to buy a financial product, read
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards
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Speaker 3: You do that, I want to me