Speaker 1: Hello, My name's Santasha Nabananga Bamblet. I'm a proud Order
Speaker 1: Order Kerney Whoalbury and a waddery woman. And before we
Speaker 1: get started on She's on the Money podcast, I would
Speaker 1: like to acknowledge the traditional custodians of the land of
Speaker 1: which this podcast is recorded on a wondery country, acknowledging
Speaker 1: the elders, the ancestors and the next generation coming through
Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money. She's on the Money.
Speaker 2: Hello and welcome to She's on the Money podcast and
Speaker 2: millennials who want financial freedom Today. My friends, guess what
Speaker 2: it is Friday, which means it is time to get
Speaker 2: our little family together and celebrate you ow incredible. She's
Speaker 2: on the Money community. This week, Miss just Gricci is
Speaker 2: going to be sharing her favorite money wins from the community.
Speaker 2: Beck say ed she's got a few broke tips that
Speaker 2: she definitely didn't steal from her girlfriend. We're gonna be
Speaker 2: helping to answer a juicy money dilemma, which this week
Speaker 2: is all about different options when it comes to taking
Speaker 2: out a home loan. And we're going to unpack something
Speaker 2: that you slid into our DMS about this week. We're
Speaker 2: talking about how to navigate family traditions that don't feel
Speaker 2: like you when you're planning your wedding. So to start
Speaker 2: off the week, I want to know, mister Gricci, you
Speaker 2: finished your first sewing project.
Speaker 4: See I'm so excited. I text a few people this
Speaker 4: morning was like, look at my bag because I finished
Speaker 4: it at like twelve thirty last night, because you know
Speaker 4: when you get going, and I was so close to
Speaker 4: the end and I just had to finish it anyway.
Speaker 4: So it's a little wonky, a little bit ugly, but
Speaker 4: I'm not.
Speaker 5: That's so cute.
Speaker 4: Painting. I'm like, look what I did, but it's beautiful.
Speaker 2: And do you know what it doesn't look as how
Speaker 2: you're going as I thought it might.
Speaker 4: Thank you. Well, that's a big compliments.
Speaker 2: Like when you said it looks a bit and I
Speaker 2: was like, oh, have you got a picture, and then
Speaker 2: you showed me. I was like, oh no, that's not
Speaker 2: what I expected.
Speaker 4: That's much better.
Speaker 5: I wouldn't have thought someone handmade that.
Speaker 2: Oh I thought you bought it, so I that is
Speaker 2: the ten out of ten? What's the next sewing project?
Speaker 6: Though?
Speaker 4: I really want to try making like a top well,
Speaker 4: because the whole reason I wanted to learn to sew
Speaker 4: was because I wanted to be able to sew my
Speaker 4: own clothes, because clothes suck. Like I went to cotton
Speaker 4: on and the top was like sixty dollars.
Speaker 2: This was going on with that. By the way, cotton
Speaker 2: you were meant to be accessible.
Speaker 4: So it's like I would go like previously and things
Speaker 4: would just be like to me, a top, like a
Speaker 4: cheap top is like forty dollars maxed maybe thirty five.
Speaker 5: The three dollars that came out. But sorry, continue what
Speaker 5: you're doing totally.
Speaker 4: But it feels like thinking so expensive. I'm about topic,
Speaker 4: but did you see speaking of things being really inflated
Speaker 4: that Cole's last financial year, they've released their profits and it.
Speaker 7: Was point one billion with a B, and they had
Speaker 7: the audacity in their statement to say we've been working
Speaker 7: really hard to like help our consumers through this cost
Speaker 7: of living crisis while making a one point like I
Speaker 7: just away, it feels like everything's more expensive than it
Speaker 7: should be.
Speaker 2: So I want to shareholders wind.
Speaker 4: Yeah, so hopefully a top.
Speaker 2: But makes me so mad, and they're like, we're really
Speaker 2: cracking down on theft. I know, like are you why
Speaker 2: do you think people are stealing essential sir? And also
Speaker 2: like low key, I'm not going to help you, Like
Speaker 2: I see that. That might be your narrative. But if
Speaker 2: I see someone stealing something at Coal's, I see someone stealing,
Speaker 2: that's not I didn't see that. I should have had
Speaker 2: my glasses. I'm so sorry, mister Colesman. Not my circus,
Speaker 2: not my monkeys.
Speaker 4: Yeah, it just is wild. So yeah, maybe you'll see
Speaker 4: me in a top one day soon. Might be a
Speaker 4: little wonky, will see.
Speaker 2: I don't care. We've made me love.
Speaker 4: Yeah.
Speaker 2: Have you been sewing your own clothes this week?
Speaker 1: No?
Speaker 5: I have been doing a different type of sewing, but
Speaker 5: in the skin.
Speaker 2: Oh that's right. You've got your tax money back and
Speaker 2: you've spent it on tattoos. Is that what you mean?
Speaker 5: I got like six tattoos and I just want to
Speaker 5: say the place I got it from. They're called liquid Silver.
Speaker 2: Here we go, we're just going to do a little
Speaker 2: shout out. I like it. Yeah, it's so cheap, are they?
Speaker 2: How much do you tattoos cost as somebody, what did
Speaker 2: you get? You don't you don't literally.
Speaker 5: Are but you I know that this is this is
Speaker 5: beyond like they were so nice to me and I
Speaker 5: just want to say thank you so much?
Speaker 2: How much just the tattoo cost? Because I actually don't
Speaker 2: do you know how much tattoo costs?
Speaker 5: Just well, I's got like one random word that is
Speaker 5: four letters, and it was very small and that was
Speaker 5: like one hundred and fifty bucks when I first got
Speaker 5: not from this place, but yeah, and so I was like, oh,
Speaker 5: oh my god, if I want to get six tattoos.
Speaker 2: That's a lot.
Speaker 5: It's gonna be like a thousand bucks. It wasn't Do
Speaker 5: you want to know? Am I allowed to say how
Speaker 5: much it was?
Speaker 4: Yeah?
Speaker 2: Of course I know. I want to know.
Speaker 5: I got five tatooes for like four hundred bucks.
Speaker 4: That does seem very cheap.
Speaker 5: Yeah, And I guess cause I like design them all,
Speaker 5: So maybe that's many difference.
Speaker 2: But I have no idea. And to be honest, I
Speaker 2: thought it was going to be way more than I
Speaker 2: thought tatoos were like thousands.
Speaker 4: Yeah.
Speaker 5: Same anyway, that's my plan is having my body get.
Speaker 2: Tatoo to her later, not for the show because this
Speaker 2: is an audio product, so like, literally no point right now,
Speaker 2: but maybe later. Yes, let's get into the show though,
Speaker 2: because I want to know, mister Chi, tell me what
Speaker 2: money wins or confessions have you seen coming out of
Speaker 2: the group this.
Speaker 4: Week, Randy, My first one this week comes from Danielle,
Speaker 4: who said it's a huge one for her and her partner.
Speaker 4: It's been over two years in the making and she's
Speaker 4: been counting down the days until she could share it
Speaker 4: with the group. They now have over six figures invested.
Speaker 4: She said she used to think that this would never
Speaker 4: be her and she knows that she's really privileged to
Speaker 4: have been able to prioritize this over the time period
Speaker 4: that they did. But she's really grateful to she's on
Speaker 4: the money for the advice because they wouldn't be able
Speaker 4: to be there otherwise, which I just thought was really nice.
Speaker 2: Yeah, six figures invested, that's crazy.
Speaker 4: And I just want to say, and I've read ones
Speaker 4: before from people who have said I've invested for the
Speaker 4: first time and I've put five dollars in. If it's
Speaker 4: six figures or if it's six dollars, if you've started
Speaker 4: investing because of the show, like that is just unreal.
Speaker 2: In our brains. What did we record just earlier?
Speaker 5: Beck, We did just do an episode on investments, actually.
Speaker 2: And Beck shared that not only because remember how Beck
Speaker 2: downloaded the chares heasapp Yes, that doesn't mean that you invested, Yes,
Speaker 2: but how much have you got invested? Beck?
Speaker 4: Nine dollars? Well done, Thank you, very exciting. So congratulations Doniel.
Speaker 4: That is just so so so cool. Next, I've got
Speaker 4: money in from Amanda, who also is very proud of herself.
Speaker 4: Completely different story though, she said, this is very niche
Speaker 4: cultural content. It's coming up to the mid Autumn festival
Speaker 4: and boxes of mooncakes are now on sale. They're fifty sixty,
Speaker 4: seventy even up to one hundred and fifty dollars for
Speaker 4: a really premium gift. Box of four mooncakes.
Speaker 2: Are so expensive and if you.
Speaker 4: Didn't know, it's a tradition you give them to friends
Speaker 4: and families. So good, I've never happen before.
Speaker 2: Oh my god, maybe we should get them because they're
Speaker 2: on sale now.
Speaker 4: So Amanda said that it's really expensive and attrition is you
Speaker 4: give them to lots of people during this period. She said,
Speaker 4: it's really hard to justify that cost. So she spent
Speaker 4: four hours and twenty dollars on some ingredients. She used
Speaker 4: a wooden mold that she'd been gifted and she made
Speaker 4: twenty four mini mooncakes all by herself. That's homemade gift
Speaker 4: from the heart. And she's got enough ingredients left over
Speaker 4: she could make another twenty four. What a money. And
Speaker 4: there is a lovely photo that Amanda put in and.
Speaker 2: They look adorable. Oh so cute. Oh those they look
Speaker 2: like the ones that you get in the box, and they.
Speaker 4: Were really professional, and I just thought that was very cool,
Speaker 4: like a cool way to go. Hey, like I still
Speaker 4: want to participate the tradition, but like the you know,
Speaker 4: buying a one hundred and fifty old books not for me.
Speaker 2: No, it's so expensive.
Speaker 4: What's Amanda girl?
Speaker 2: Really cool?
Speaker 4: Nest I've got money in from Alice who said they
Speaker 4: were about to buy a new dryer because there's was
Speaker 4: leading marks all over their clothes. Then her partner called Alga,
Speaker 4: who I'm assuming the washer was from or the dryer,
Speaker 4: and they sent a technician out fixed it the same
Speaker 4: day for free, for free, doesn't.
Speaker 2: Hurt to us.
Speaker 5: Total, that's so sick.
Speaker 4: So good. Next, I've got a money in from V
Speaker 4: who said she found an excellent conditioned cat tree on
Speaker 4: the nature strip. She dragged it in two minutes before
Speaker 4: the big storm hit Melbourne.
Speaker 2: Oh oh my gosh, that would have been absolutely ruined.
Speaker 4: Yes, it's one of those ones. She's put it in a
Speaker 4: photo which I was share in a second. It's one
Speaker 4: of those ones covered in for She said her two
Speaker 4: ginger cats, Fred and George.
Speaker 5: Absolutely love it.
Speaker 4: Thank you to the mystery neighbory she reckons would be
Speaker 4: one hundred dollars originally, I'm sorry the cat photos.
Speaker 2: Do you know what? She knows the rules. She knows
Speaker 2: the rules. If you going to talk about your pets,
Speaker 2: you have to pay the pet tax.
Speaker 4: They has paid her pet tax. There's lots of good
Speaker 4: photos on the thread this month, guy, so definitely go
Speaker 4: check it out. I am going to end on a
Speaker 4: money loss this week, okay. And a good reminder. I
Speaker 4: think she lost both her car keys and it's going
Speaker 4: to cost her twelve one hundred dollars to replace both
Speaker 4: of them.
Speaker 2: I'm sorry twelve hundred dollars.
Speaker 4: Give someone your spare car key and you know what,
Speaker 4: most even if you have a clickie like a lot
Speaker 4: of us have the boo ye, what the.
Speaker 2: You know what I mean? I knew, I knew, I
Speaker 2: knew the first time.
Speaker 4: There'll often be a manual key as well, so just
Speaker 4: get a cut of your beause to replace the electric
Speaker 4: bit I.
Speaker 2: Don't know what to call it a remote.
Speaker 4: Yeah, from embarrassing, to replace the remote is often extremely
Speaker 4: really liked.
Speaker 5: The much better that is much better actually objectively.
Speaker 4: To replace the remote is often extremely expensive. So if
Speaker 4: you have a car key that does have a manual,
Speaker 4: just cut a copy of the manual, give you your
Speaker 4: parents or your best friends or your neighbors, so that
Speaker 4: if you lose your remote, you can at least still
Speaker 4: get into your car and you're not like, oh my god,
Speaker 4: I have to pay twelve hundred dollars or I can
Speaker 4: literally never drive again. Yeah.
Speaker 2: That's also like another money in if you are buying
Speaker 2: a brand new car, you know, when you're like negotiating price,
Speaker 2: negotiate to get an extra key.
Speaker 4: Oh that's so small.
Speaker 8: Yeah, Like if you're.
Speaker 2: At a car dealership and asking, you know, can I
Speaker 2: get a better price? Lock them down on price, and
Speaker 2: then say, also can you please throw in an additional key?
Speaker 2: That time is also the time. I don't know. I'm
Speaker 2: full of cartoest today to ask for like upgraded floor mats,
Speaker 2: or like additional wipers that you can put in the
Speaker 2: glove box. Like just knows how to change car wipers, So.
Speaker 4: Call her surprisingly easy, Yes, exactly.
Speaker 2: But that's the time that you want to ask for
Speaker 2: an additional key if one's not included, or you want
Speaker 2: an extra because they're so expensive, and you just know,
Speaker 2: you just know that the dealership it doesn't cost them
Speaker 2: that much.
Speaker 4: Now they probably have a machine out of the back.
Speaker 2: I want to spare it. Thank you.
Speaker 4: That's so smart. Well, le, you go very sorry for
Speaker 4: your money lost cap, but hopefully that can be a
Speaker 4: future money win for someone else.
Speaker 2: Yeah, all right, that's a really good place to leave those. Beck.
Speaker 2: You got some broke tips, my love, I sure do.
Speaker 5: I was gonna say once I ended up losing my keys.
Speaker 5: I was instant Kilda or something, and I was quoted
Speaker 5: like fourteen hundred. It was between fourteen hundred and two
Speaker 5: thousand dollars. And you see my car, it's so old.
Speaker 4: I could break a window and replace that exactly.
Speaker 5: Jiggle the handle for long enough, it's just gonna calm
Speaker 5: undone by itself.
Speaker 2: I could probably jimmy this with a screwdriver, but three dollars.
Speaker 5: I googled, googled Google, even went on Reddit randomly. I
Speaker 5: went everywhere and I found someone who did it.
Speaker 4: Didn't look very.
Speaker 5: Very safe, look very dodgy, but he did it for
Speaker 5: three hundred bucks.
Speaker 2: Soueen. Just know that Google is your friend, a good
Speaker 2: reminder to shop around.
Speaker 5: You go exactly okay, So I have two broke tips
Speaker 5: from the commune and one for myself, as per usual.
Speaker 5: Exciting when one listener said shop at NQR. I know
Speaker 5: we've gone and said, we usually talk about like Cheaper
Speaker 5: by Miles and its equivalents, but I don't think I've mentioned.
Speaker 2: Q yours, and I feel like I'm missing out. It
Speaker 2: is so fun, like everything's basically a dollar.
Speaker 5: Everything's a dollar. Actually, I was watching this is Cheaper
Speaker 5: by Miles, but it's very similar to NQR. Someone went
Speaker 5: and they said, like, you know, they have like ten bucks,
Speaker 5: and they made like a video of it. And he
Speaker 5: went through and kind of just like picked items and
Speaker 5: he had like a whole basket full of stuff and
Speaker 5: he only had ten dolls on him. So you go
Speaker 5: to places like NQR Cheaper by Miles, and of course
Speaker 5: people things are in there because they're not quite right
Speaker 5: they're NQR. But that's fine.
Speaker 2: It doesn't care about.
Speaker 5: We don't care about.
Speaker 4: That's like a smash box or a misprinted label.
Speaker 5: Soon things that are completely fine to eat and tasty
Speaker 5: and also fun. It is so fun going in there
Speaker 5: because there's like little toys and things like it's exciting.
Speaker 2: It's just it's an adventure.
Speaker 5: It's an adventure. I love it and you are good.
Speaker 2: One, especially right now. The one thing that I do
Speaker 2: remember them having a lot of is like school snacks,
Speaker 2: like snacks for kids for their lunch boxes. And I
Speaker 2: mean we've all been kids where you get a bit
Speaker 2: sick of our lunch box snacks. What a good way
Speaker 2: to mix it up?
Speaker 5: Yes?
Speaker 2: Or cheap?
Speaker 5: Yes? Okay, This sext one comes from a friend of mine.
Speaker 2: Next, like, I don't have kids, not a problem for.
Speaker 5: Problem, easy easy easy sext one comes from a friend.
Speaker 5: And I know you guys are not going to like
Speaker 5: this one, but this is so all okay show, let's go.
Speaker 2: Okay.
Speaker 5: So if you're going to like those BYO restaurants, yeah.
Speaker 2: Usually this is definitely up our alley by the way, Okay, past.
Speaker 5: Are good, So you know, it's I feel like it's
Speaker 5: really socially unacceptable to take yourself a bottle of what
Speaker 5: are they called the bladder of goon or a bottle of.
Speaker 2: Phrased that way, and that does make it less attractive,
Speaker 2: doesn't it? Carry on?
Speaker 5: Bag cusp off. Of course, it's.
Speaker 2: A matter of what I mean, teches correct.
Speaker 4: I was just like, I don't think you're wrong. I
Speaker 4: just think it's gross.
Speaker 5: Yeah, the image of.
Speaker 2: That carry on. So we're not taking that to bo apparently.
Speaker 5: But if you have, like everyone does this, But I
Speaker 5: always keep my old wine bottles because it's really nice
Speaker 5: for like if you want to put like a little
Speaker 5: pop plane in a little flower or something like that,
Speaker 5: so you like keep all your old wine bottles.
Speaker 2: I am keeping all my old wine bottles because my
Speaker 2: niece and my nephew are collecting them for the recycling.
Speaker 2: So like I I get crucified if they come to
Speaker 2: my house and there's not a collection of recyclables for them,
Speaker 2: because that's their pocket money.
Speaker 5: Drinking baby, Well, you would really find enjoyment in this
Speaker 5: because you can just chuck.
Speaker 2: I know that you can put goon wine in the
Speaker 2: if you're.
Speaker 5: In the bottle or your fat little lamb or whatever
Speaker 5: cheap equivalent of alcohol you have. I used to do
Speaker 5: like a spirits mixed with This is really gross, but
Speaker 5: it was spirits mixed with seventy five cent soda water
Speaker 5: and a dash of cord.
Speaker 2: Sorry, reframe. You made cocktails.
Speaker 4: I cocktails.
Speaker 5: I made cocktails, and it was so cheap, and it
Speaker 5: was like, god like, it's so easy to just go,
Speaker 5: you know, but you can't like walk around with like
Speaker 5: a plastic bottle of soda water.
Speaker 2: I walk around with a bottle of wine either. But
Speaker 2: that's true. But yeah, you're taking anybody's here to stop
Speaker 2: you very deep, it's very discreet.
Speaker 5: Just know that me and everyone else, no one's going
Speaker 5: to judge you for doing this. And I think it's
Speaker 5: a really good way.
Speaker 2: No, okay, icon I'll call to a Bayo restaurant for
Speaker 2: cheap And that's not even your broke tick. That was
Speaker 2: somebody else's.
Speaker 5: That's but I did say it was a friend, And
Speaker 5: you know, I surround myself with people just like myself.
Speaker 2: As you should call as I should.
Speaker 5: This next one also comes from a friend, but I'm
Speaker 5: going to claim it. Okay, all right, so I'm claiming it.
Speaker 5: It's my own. So my friend said, switch or sorry,
Speaker 5: I say, switch off your hot water when out for
Speaker 5: the day. Electric hot water systems, in particular, not like
Speaker 5: with gas. You have like a what was it called
Speaker 5: that burning? What's a pilot?
Speaker 2: Pilot like?
Speaker 5: Don't switch that off because I feel like it takes
Speaker 5: a whole team of professionals coming and switch that back on.
Speaker 5: If you have an electric hot water system, switch it
Speaker 5: off for the day as you go out. It'll save
Speaker 5: your money.
Speaker 2: I'm so confused. Do you think that? Sorry, I'm not confused.
Speaker 2: I just have questions. Please quite smart. So I like that,
Speaker 2: But does it then cost you more to reheat it?
Speaker 4: This is what a guy said to me about heating
Speaker 4: the house. Remember how I've been like two months in
Speaker 4: a row and heating meal. Won't it eight dollars? I
Speaker 4: just paid them. We didn't pay the first one because
Speaker 4: I was just so in shock. Switch pay sixteen hundred
Speaker 4: dollars this month, and I know.
Speaker 2: You didn't for your heater. H Do we want to
Speaker 2: talk about I mean I do, but but then we
Speaker 2: can see your trauma.
Speaker 4: We're talking to someone, and they said, just instead of
Speaker 4: turning it off, because I'm like, I don't understand, like
Speaker 4: I'm turning it off during the day, like we're only
Speaker 4: for attit of like we cannot get.
Speaker 2: I think this is where this question in my head
Speaker 2: is coming from, from you saying like I turn it off.
Speaker 2: I don't get it, Like is it the reheat?
Speaker 4: Yeah, well that's what this heating person said, is it
Speaker 4: might be more affordable to just keep even overnight, keep
Speaker 4: it at like seventeen degrees or like, because our house
Speaker 4: has been dropping to like twelve on the really cold days.
Speaker 4: I don't get a whole other story about insalation, but anyway,
Speaker 4: he was like, just try pay enough to keep it
Speaker 4: at you know, seventeen or so, and then it'll be
Speaker 4: actually more affordable in the long run than trying to
Speaker 4: pump enough heat to bring it up from like twelve,
Speaker 4: which I blew my mind but.
Speaker 2: Also makes sense. Yeah, like science sciences, but the math
Speaker 2: in my head not math. Yeah, it was.
Speaker 4: All too far over for me. But I don't know
Speaker 4: if maybe you're right.
Speaker 2: I just have questions. So I think that that might
Speaker 2: be really smart because the hot water system is definitely
Speaker 2: not the same as heating a whole house. Like maybe
Speaker 2: you just put it through and it's one of those
Speaker 2: like instant hot water systems. Yeah, true, yeah, well them time.
Speaker 5: I'm thinking, because if you like turn your car on
Speaker 5: every time you stop, turn off and on, that's using
Speaker 5: all more petrols than if you just like idling, I
Speaker 5: assume is it the same?
Speaker 2: Was it built it into my car then?
Speaker 4: Yeah?
Speaker 5: H yeah, sorry, I forgot that. I forgot about your
Speaker 5: newer car.
Speaker 2: Victoria's fancy over here.
Speaker 5: Yeah, in that case, I take that back.
Speaker 2: No, no, no, that doesn't mean it's true. It's actually the
Speaker 2: most annoying thing in the entire world. That is the
Speaker 2: most one of the most first world problems. Is I
Speaker 2: hate when my newer car stops at the traffic lights
Speaker 2: and then I want to go, but then I have
Speaker 2: that few second delay lag of like the car turning
Speaker 2: itself back on and I can't. I feel like the
Speaker 2: people behind me are grumpy at me.
Speaker 4: That's robably wi my list of things that are embarrassing
Speaker 4: for no good reason, you know what I mean, Like
Speaker 4: that if you don't take off quick enough of the lights,
Speaker 4: Like it's fine, it's not that deep, but like or yeah,
Speaker 4: the sound of the car turning on. Like sometimes my
Speaker 4: radio won't work, Like it just will not work, so
Speaker 4: you have to turn the car off and on and
Speaker 4: so I won't notice until i'd like driven to the
Speaker 4: first up traffic lights and then I'll try to turn
Speaker 4: my car off and then on to get it going.
Speaker 2: Oh that's embarrassing.
Speaker 4: Yeah, so embarrassing. I'm like, Oh, my other person the
Speaker 4: car behind me can see me turn my car off.
Speaker 2: I feel like there is so that are embarrassing that
Speaker 2: shouldn't be embarrassingly. The other day, I went on a
Speaker 2: walk because I wanted to like go a different way
Speaker 2: because usually I do like a loop around my area,
Speaker 2: which I've talked about a million times. But I like,
Speaker 2: at what point do you turn around and not look insane?
Speaker 5: I know, lip Like, what do you do?
Speaker 2: Do you just stop halfway up the path, turn around
Speaker 2: and start walking.
Speaker 5: You got to pretend you're on the phone on the phone,
Speaker 5: and I kind of like or all back and forth
Speaker 5: a bit, and then I like kind of like kick
Speaker 5: the stones on the ground and then I will slowly
Speaker 5: walk the other way.
Speaker 4: I do that at the shops. If I've gone the
Speaker 4: wrong direction, I'm like too embarrassing to just simply turn around, like, God.
Speaker 2: Forbid, I wanted to get something else from the fruit
Speaker 2: and vegetable section, and I have to go back now.
Speaker 2: That's in fact, we need to do a thread just
Speaker 2: in the Facebook group this week of just things that
Speaker 2: are so embarrassing for no good reason. Do you know
Speaker 2: what else I find really embarrassing that shouldn't be embarrassing?
Speaker 2: Money related though, having to count out my money, Like
Speaker 2: when I'm like, like, when I've got like coins or something,
Speaker 2: I just feel the amount of stress that I feel
Speaker 2: making the cashier weight for me to find the money.
Speaker 2: It's almost like I forgot that I could even add
Speaker 2: money together. I'm like, how much more did you need?
Speaker 2: And They'll be like a dollar and I'd be like,
Speaker 2: I don't know how to calculate a dollar, Like my
Speaker 2: brain just turns off. It's mortifying.
Speaker 4: Yeah, God, anxiety, you love to see it.
Speaker 2: Everybody everybody listening to this, Who's like, I don't find
Speaker 2: anything You don't have anxiety, do you?
Speaker 6: World?
Speaker 5: All right?
Speaker 2: Well, those were good broke tips. Those were epic community
Speaker 2: money wins. Let's go to a really quick break on
Speaker 2: the flip side. We're going to be talking about the
Speaker 2: different options when it comes to taking on a home own,
Speaker 2: and we're going to be talking about something a little
Speaker 2: bit spicier. How do you navigate family traditions that don't
Speaker 2: feel very much like you when planning your wedding? So
Speaker 2: don't go anywhere.
Speaker 4: Welcome back everyone. Let's take a listen to this week's
Speaker 4: money dilemma? Shall we.
Speaker 2: Hi? There?
Speaker 9: Have you got a money dilemma you just can't solve?
Speaker 9: The Sheese on the Money team is here to help.
Speaker 9: Every week, we tackle your dilemmas, both big and small,
Speaker 9: to answer your most burning money, career and life questions.
Speaker 9: To get involved, simply head to our website and leave
Speaker 9: us a short voice recording and you might just find
Speaker 9: yourself on the show. Now, let's take a listen to
Speaker 9: this week's money dilemma.
Speaker 6: I'm currently saving for my first home, aiming for around
Speaker 6: seven hundred thousand and eager to start asap due to
Speaker 6: the rising market. I have ninety thousand dollars in stocks
Speaker 6: and forty thousand dollars saved. My family can't be guarantee
Speaker 6: or can't help with the deposits, so I'm considering two
Speaker 6: options at the moment. Company called own Home. With my
Speaker 6: current forty percent savings, I can enter the market now.
Speaker 6: My repayments would be about four eight hundred per month
Speaker 6: at a six point nine percent variable. If I wanted
Speaker 6: to save an extra forty thousand dollars over the next
Speaker 6: six to eight months, I can go with a company
Speaker 6: called Timely Home. My repayments would be around about three thousand,
Speaker 6: seven hundred per month at a five point nine percent
Speaker 6: fixed rate for two years.
Speaker 8: Alternatively, I can catch in all of my stocks for
Speaker 8: an almost twenty percent deposit and follow a normal bank route. However,
Speaker 8: it's just going to leave me with no safety net
Speaker 8: and I'm going to face capital gains at tax time.
Speaker 2: Any advice would be so appreciated.
Speaker 6: Guys.
Speaker 4: I'm always just skeptical if I'm honest of anything that's
Speaker 4: not a bank, which I know, like, it's really great
Speaker 4: that we have access to all of these different things.
Speaker 4: And I don't know anything about either of those companies,
Speaker 4: but even rent to Buy, I just I don't know.
Speaker 4: There's something about it that makes me a little bit iffy.
Speaker 2: And I did a little bit of research and they
Speaker 2: seem like two different things. So own Home. When I
Speaker 2: have a look at it. It's like spend less to
Speaker 2: become a homeowner rah rah. And it's definitely some type
Speaker 2: of low deposit home loan scheme where they are the
Speaker 2: lending facility. Whereas Timely that she mentioned, when I look
Speaker 2: them up, they're just mortgage brokers. So the one thing
Speaker 2: I would say is get really clear on who you're
Speaker 2: talking to. So it sounds like you've done a heap
Speaker 2: of research, and it sounds like you're really well resourced.
Speaker 2: Like forty grand in savings, that's a lot, ninety thousand
Speaker 2: dollars in shares. That's incredible. That doesn't mean you need
Speaker 2: to sell it down, but that is something that goes
Speaker 2: on your assets list when talking to a broker that
Speaker 2: gives you better lending. Like, go and talk to a
Speaker 2: good mortgage broker. I know a heap. I actually employed
Speaker 2: that at Zella Money. But what I would be doing
Speaker 2: is going and talking to a broker who can go
Speaker 2: all right, Beck, I'm gonna spread all your options out.
Speaker 2: So right now, we have forty thousand dollars in savings,
Speaker 2: we've got your shares, we've got this, we've got that.
Speaker 2: Like any good mortgage broker is going to take you
Speaker 2: through all of your home deposit schemes, what you have
Speaker 2: access to, whether there are banks that would accept you,
Speaker 2: do not pay any LMI if you were to go
Speaker 2: for a loan through them. Like a couple of weeks ago,
Speaker 2: we got a single mum her first home with a
Speaker 2: two percent deposit, no guarantee, nothing, a two percent deposit incredible.
Speaker 2: We see homeowners literally weekly at Zella Money getting their
Speaker 2: first home for a ten percent deposit. We had a
Speaker 2: couple of weeks ago someone get it with a five
Speaker 2: percent deposit. These are people that don't have guaranteores. So
Speaker 2: like obviously with a guaranteur that is really easy. But
Speaker 2: there are different credit unions, there are different lending facilities
Speaker 2: that good broker have access to to help you in
Speaker 2: this situation. And they will put on paper literally sit
Speaker 2: you down and go all right, well, you could buy now,
Speaker 2: here's the outcome of buying now, or you could buy
Speaker 2: in six months when you've got you know, a little
Speaker 2: bit more money, and this is what these outcomes would
Speaker 2: look like. A good mortgage broker isn't rushing you into
Speaker 2: buying asap. And I think when Jess you said I'm skeptical,
Speaker 2: it's because those outcomes or what we're talking about here,
Speaker 2: like own home. I'm super skeptical. I don't want anybody
Speaker 2: swooping in and taking advantage of the fact that you
Speaker 2: don't have the deposit that you think you should have,
Speaker 2: so they go. You know what I can get her.
Speaker 2: I can give her a loan. I can put her
Speaker 2: in quote the best possible position, and she's going to
Speaker 2: be happy with that interest rate, when in reality that's
Speaker 2: not best for long term you. So I would be
Speaker 2: talking to a professional here. Spoiler. When you're talking about
Speaker 2: property with mortgage broker, it's free. It's not like going
Speaker 2: and getting financial advice, which can be crippling. Let's be honest.
Speaker 2: Financial advice is really expensive. But when you're talking to
Speaker 2: a mortgage broker, we get paid by the banks. We
Speaker 2: aren't paid by our consumer, which is for me, the
Speaker 2: sexiest thing about it, because I can give you epic
Speaker 2: advice and it doesn't cost you a thing. It just
Speaker 2: puts you on a better journey, in a better position
Speaker 2: because I got to be involved. So I guess that's
Speaker 2: my just talk to somebody in the know, and it
Speaker 2: sounds like maybe this is a stretch, but from the
Speaker 2: way that you're articulating what's going on. You explained both
Speaker 2: options as though it was one or the other, when
Speaker 2: in reality it was one or a broker who hopefully
Speaker 2: had gave you access to sixty plus different options like
Speaker 2: we do. That should have been more clear when you
Speaker 2: were articulating that to me, and that, to me tells
Speaker 2: me that whoever you've been talking to is maybe not
Speaker 2: helping you in the way that they should be helping you.
Speaker 2: So my advice would be, go and find a broker
Speaker 2: who can assess this homeown option for you. I have
Speaker 2: literally said, and my team have literally said to clients
Speaker 2: sometimes I know that you're here to refinance, Great, don't
Speaker 2: I'd love to help you refinance, but you're not going
Speaker 2: to be in a better position because what you've got
Speaker 2: right now you secured during COVID and that is epic.
Speaker 2: Please don't refinance yet, but when your time comes up,
Speaker 2: we'll do it. Then we've literally said to people, you're right,
Speaker 2: you can't get a better deal than the one that's
Speaker 2: currently on the table for you. Go with that. Like
Speaker 2: I do not want to just get clients and rack
Speaker 2: them up just because I can. I want to put
Speaker 2: people in the best possible position. Find a broker that
Speaker 2: can do that for you, is my advice. I feel
Speaker 2: like that was like sorry me just being like I
Speaker 2: hate it. Here, I fix this, so apologies. I usually
Speaker 2: give you guys a heap of time to have your opinions,
Speaker 2: but Beck, what would you do?
Speaker 5: You're like, oh, I'm not the best person because I'm
Speaker 5: I'm literally noticing things in myself, Like when I was
Speaker 5: telling you guys about how I'm trying to like look
Speaker 5: up rent to buy situations and I'm realizing, like it's possible,
Speaker 5: but god, it would be so expensive to do that,
Speaker 5: and it would be.
Speaker 2: It's expensive long term, it's expensive.
Speaker 5: Long term, and like, well it depends like some people
Speaker 5: would be great, some people wouldn't be great. But I
Speaker 5: just get so like, oh my god, here's my one
Speaker 5: and only chance. And I feel so urgent right now.
Speaker 5: I'll literally sign any paper work that anyone gives me ever,
Speaker 5: and I'm just going to jump straight into me with that.
Speaker 5: So I think that the urgency might be there. I'm
Speaker 5: sure for anyone who's trying to buy the first year.
Speaker 10: I feel it, you know, yeah, and it's like, oh,
Speaker 10: like let's just chill out and it doesn't matter if
Speaker 10: this happens in a year's time or next year or
Speaker 10: the year after whatever, if it doesn't happen at all.
Speaker 2: I feel like that's really relevant though, like so many
Speaker 2: people experience that. Beck like that sense of it, and
Speaker 2: I feel like that's the two pieces of advice I'd
Speaker 2: have about money when it comes down to it. So
Speaker 2: that first piece is anybody who gives you a sense
Speaker 2: of urgency around your money does not have your best
Speaker 2: interests at heart.
Speaker 5: That's true.
Speaker 2: Anybody who's asking you to make a split second decision
Speaker 2: to quickly wrap it up, it's for them. It's never
Speaker 2: for you. So if you talk to a broker, you
Speaker 2: talk to a financial advisor, any good one will say
Speaker 2: you let me know when you're ready. I'll leave it
Speaker 2: in your court. You call me if you've got questions,
Speaker 2: You ask me, like they might ask you follow up
Speaker 2: questions and be like, hey, Jess, how are you going
Speaker 2: on the house hunt? But they aren't going hey, like
Speaker 2: you really need to find a property this weekend, like
Speaker 2: you needed to settle. Like to me, that is a
Speaker 2: red flag that they do not have your best interests
Speaker 2: at heart. The second piece of advice would be Beck
Speaker 2: there is always another opportunity. Always. You're not ever going
Speaker 2: to miss out because you didn't take a financial opportunity,
Speaker 2: because there's going to be another one. It might not
Speaker 2: look for the same, but it will present itself. And
Speaker 2: I think so often people get this sense of I'm
Speaker 2: going to miss out if I don't take this up.
Speaker 2: Oh my gosh, it's an investment opportunity of a lifetime.
Speaker 2: I promise you it's not. Yeah, like, it doesn't mean
Speaker 2: that it's a bad opportunity, but if it's not the
Speaker 2: right time for you, it's actually not the right investment.
Speaker 2: So if you have a sense of urgency because you're
Speaker 2: like I just I really need to just get this done.
Speaker 2: All my friends are doing it. I'm feeling behind, terrible idea. Yeah,
Speaker 2: until you feel really calm, really at peace, and really
Speaker 2: measured in the decisions that you're making, that's a good
Speaker 2: financial decision, great advice. I feel like I get so
Speaker 2: frustrated because that sense of urgency is something that I
Speaker 2: often see in the industry. Yeah, and I just know
Speaker 2: that it's not coming from people wanting to put you
Speaker 2: in the best possible position. It's coming from people who
Speaker 2: either want to prey on your lack of literacy and
Speaker 2: the fact that you owning a home would be so sick,
Speaker 2: are going to be so amazing. So someone who can
Speaker 2: sell you that dream right now? But beck you could
Speaker 2: get into it sooner you go, oh yeah, this guy's
Speaker 2: here to help me.
Speaker 5: It's going to work on me.
Speaker 2: No, these guys here to help line their back pocket,
Speaker 2: and the best way to do that would be to
Speaker 2: have as little strings attached as possible. Right, So maybe
Speaker 2: if it does take a bit more time, it might
Speaker 2: not be as exciting an option right now, but I
Speaker 2: promise it will put future you in the best possible position.
Speaker 2: Thank you.
Speaker 5: I mean I wasn't for me, but thank you. I've
Speaker 5: taken a lot from this.
Speaker 2: I am glad. Please don't do it talk to me
Speaker 2: off air.
Speaker 5: Yes, I will.
Speaker 2: Great turn. Let's get into our money dilemma this week
Speaker 2: we got a DM Are you ready to hear it?
Speaker 2: My friends?
Speaker 4: Absolutely?
Speaker 2: All right? Advice please, she's on the money. My fiance
Speaker 2: and I are deep in wedding planning, and to be honest,
Speaker 2: it's stressful. He comes from a culture where it's traditional
Speaker 2: to invite hundreds of people, most of which I've never met.
Speaker 2: These guests give large sums of money gifts, which is
Speaker 2: a really big deal in his family. He's excited about
Speaker 2: this tradition, but I'm feeling overwhelmed. I always imagined a small,
Speaker 2: intimate wedding with close friends and family. It feels odd
Speaker 2: to accept money from people I don't know, and it
Speaker 2: makes it feel so much more transactional than celebratory. There's
Speaker 2: also an unspoken expectation will then attend the weddings of
Speaker 2: all these people and give them large cash gifts in return.
Speaker 2: I don't want to offend his family, but I also
Speaker 2: want our wedding to feel personal and not a big spectacle.
Speaker 2: How do I navigate this without causing a fight or
Speaker 2: coming off as disrespectful?
Speaker 5: This is really hard. I actually don't have anything yet,
Speaker 5: so maybe i'll.
Speaker 2: You're like, give me a minute to ponder, Miss JESSICRICI.
Speaker 4: I think it's very tough, because ultimately, a wedding is
Speaker 4: the marrying of two people who have different backgrounds, perhaps
Speaker 4: different values, different ideals.
Speaker 2: I'm sorry, don't ask the Catholic Church.
Speaker 4: That like the ultimate outcome More often than not in weddings,
Speaker 4: I think is that you have to reach a point
Speaker 4: of compromise like big wedding, small wedding, expensive wedding, cheap wedding.
Speaker 4: You know, dresses or suits or whatever, like ten bridesmaids,
Speaker 4: two bridesmaids, Like it's all a give and take based
Speaker 4: on what's important to each of you. I think the
Speaker 4: element that is tricky is the fact that it's not
Speaker 4: just oh, I have ten thousand people I want to invite.
Speaker 4: It's a cultural thing and it's I think important to
Speaker 4: acknowledge that it's important to be respectful of those traditions
Speaker 4: that are a part of your culture, a part of
Speaker 4: your upbringing, and they you know, it sounds like a
Speaker 4: really important to your partner. I completely understand where she's
Speaker 4: coming from. I think I personally would also not love
Speaker 4: the idea of committing to paying hundreds of people heaps
Speaker 4: of money over time.
Speaker 2: I would not agree to that hundreds of people heapes
Speaker 2: the money. One out of ten times, You're right, it
Speaker 2: does given me anxiety.
Speaker 4: Yeah, And it's really hard because I guess there are
Speaker 4: a number of cultures in which you know that is
Speaker 4: a big part of the tradition, and it's hard to
Speaker 4: figure out where you draw the line between what is
Speaker 4: comfortable for our listener and what is important to their
Speaker 4: partner as a part of culture and tradition. I don't
Speaker 4: think that there is a right answer and answer that
Speaker 4: we can give you. I think it is you have
Speaker 4: to talk to them, shocker. You have to have a
Speaker 4: conversation with them. And I think the argument that you've
Speaker 4: put forward to us is very valid. And if you're
Speaker 4: marrying this person, I would hope that they would hear
Speaker 4: out your concerns and work with you to find a compromise.
Speaker 4: But if I'm honest, I don't necessarily know what that
Speaker 4: compromise could be. I mean, maybe it is pairing it
Speaker 4: back into instead of one hundred people, it's eighty people
Speaker 4: or fifty people, or finding a number in the middle.
Speaker 4: But I guess that doesn't really get you out of
Speaker 4: the committing I guess informally to then attending other weddings
Speaker 4: and paying the money, which is tricky. But I think
Speaker 4: it's something that you guys probably really have to come
Speaker 4: to together in regards to what feels right for you.
Speaker 2: Oh my gosh, you're saying that, like every other episode,
Speaker 2: communication is key.
Speaker 4: That's crazy.
Speaker 1: I know.
Speaker 2: Oh my god, I did not see this coming.
Speaker 4: But I think Yeah, just keeping in mind that what
Speaker 4: you want is valid, but what he wants is also valid.
Speaker 4: And someone's history and culture is very important, and your
Speaker 4: partner has a right to want to part of celebrate
Speaker 4: that too.
Speaker 5: Yeah.
Speaker 2: Absolutely, I get that you're uncomfortable about it, though, And
Speaker 2: I feel like when you're uncomfortable about something, it's either
Speaker 2: because it's absolutely the wrong thing to do or you
Speaker 2: just don't have enough education on that topic yet. From
Speaker 2: my perspective, doing some research into your partner's cultural weddings,
Speaker 2: what does that usually look like? You know, what does
Speaker 2: it look like in his family? Have you spoken to him,
Speaker 2: how does he feel about it? Like is it something
Speaker 2: that he feels as though is just being pushed on
Speaker 2: him as well? Or vice versa, like where is this
Speaker 2: all coming from? So that you can come to a
Speaker 2: very educated decision, not just to And I don't know
Speaker 2: how comfortable you are. We're always given such small amounts
Speaker 2: of information, right, but I would be asking a million
Speaker 2: questions about what does that look like? How does that work?
Speaker 2: And I mean, yes, there might be an expectation that
Speaker 2: you give big cash gifts, but I'm also a very
Speaker 2: big believer that irrespective of culture, giving big cash gifts
Speaker 2: if you're not in that position, shouldn't be something that
Speaker 2: you have to do. So if that's something that they
Speaker 2: want to do, is a gift not meant to be
Speaker 2: something that is given without expectation. Otherwise it is not
Speaker 2: a gift, is it.
Speaker 4: Yeah? It can be hard because I have a few
Speaker 4: friends that have gotten married that within their culture, it's
Speaker 4: almost like, I don't want to say a competition, but
Speaker 4: like people.
Speaker 2: It's absolutely a competition. People are kid in.
Speaker 4: The track, you know, maybe particularly I think the older general,
Speaker 4: more traditional.
Speaker 2: Gener I've got a girlfriend whose family like wrote an
Speaker 2: entire spreadsheet of what gifts were given, what the price
Speaker 2: point was, how many words were written in the card,
Speaker 2: and like that was normal. Everyone in their family does
Speaker 2: that because they keep track of it because then when
Speaker 2: they go to a wedding, they consult spreadsheet to see
Speaker 2: what they will be giving at that and like to me,
Speaker 2: which when I heard that, I was horrified. Yeah, I
Speaker 2: was like, oh my god, I would never But if
Speaker 2: that's what works for them in their culture, like who
Speaker 2: am I to judge?
Speaker 4: Yeah, And I think that's probably where the transactional feeling
Speaker 4: comes wrong. But you're totally right. Like it's a hard
Speaker 4: balance because you don't want to disrespect those traditions or
Speaker 4: that culture or you know, like if you don't reciprocate
Speaker 4: that gift, you don't want them to be like, oh
Speaker 4: my gosh, they hate us because you know, it's so
Speaker 4: hard to navigate and you know, it's not my traditional,
Speaker 4: my culture to participate in weddings that way. So I
Speaker 4: it's hard for me to understand, I guess, or to
Speaker 4: speak on.
Speaker 2: But I love that we get these questions so we
Speaker 2: can learn more about it, and I just go, oh
Speaker 2: my gosh, people do it like this. I just I
Speaker 2: went to a friend's wedding a couple of years ago
Speaker 2: and she was Chinese, and just even the immersion of
Speaker 2: her culture, Oh my gosh, it was amazing, Like just
Speaker 2: understanding how many different ceremonies we went to in the
Speaker 2: lead up to her wedding, how many different things on
Speaker 2: the day were done that were very different to my wedding,
Speaker 2: Like it was just so cool. But I can see
Speaker 2: that that would have been really jarring as her partner,
Speaker 2: who was my friend growing up that did not have
Speaker 2: that cultural background. He was like, what the heck and
Speaker 2: is going on? I don't understand she saw that and
Speaker 2: like it could seem a bit you know, overwhelming and
Speaker 2: not what they are used to.
Speaker 5: Yeah, definitely. I have a friend who I think from memory,
Speaker 5: she they take cash, actual physical cash, and like stick
Speaker 5: it to the brides. Oh yeah, I've seen that, yeah,
Speaker 5: which I think is really cool. So I just think,
Speaker 5: like all of these cashtres different wedding was made for me. Yeah,
Speaker 5: Like I feel like all these different wedding celebrations and
Speaker 5: ceremonies and all these like all these different like variations
Speaker 5: of the same thing, and we all celebrate it in
Speaker 5: totally different ways. And like some people don't celebrate it
Speaker 5: at all. Some people do believe in it, some people
Speaker 5: don't believe in it. Some people. It's just really beautiful
Speaker 5: to see how different cultures and different people celebrate the
Speaker 5: same thing in their own way, which I think is
Speaker 5: really cool. But I can understand why, Like in a culture,
Speaker 5: in a society where we literally black and white, cash
Speaker 5: for something is transactional, but for some cultures it's not.
Speaker 2: At all, okay, celebratory.
Speaker 5: I'm not Hindu, but my family are Muslim, well one
Speaker 5: half of them, and so we don't actually celebrate Duwali,
Speaker 5: but I don't. My first girlfriend was Hindu. She celebrate
Speaker 5: Dwali and they give well she did anyway, I don't
Speaker 5: want to speak for all because I this is like
Speaker 5: in high school, but they gave cash gifts, and for
Speaker 5: them cash gifts. It's not like a transactional thing. It's
Speaker 5: not the way like we open up our mom's birthday
Speaker 5: card and hope that there's twenty bucks in there so
Speaker 5: we can like, you know, bias or something. It's not
Speaker 5: in that kind of way. It's just it holds so
Speaker 5: much more value to certain people.
Speaker 2: So true, you know I wouldn't so yeah, like the
Speaker 2: Chinese tradition of giving a red envelopes.
Speaker 5: Ye yeah, yeah, totally. So I feel like it's not
Speaker 5: someone giving you cash or that this tradition that is
Speaker 5: making you feel bit uncomfortable. I'm assuming they're probably not
Speaker 5: viewing it in the same way that we might.
Speaker 2: But I can see you're uncomfort and I acknowledge that
Speaker 2: it's there. But how do we work through that? Because
Speaker 2: I feel like if you're marrying into this as well,
Speaker 2: it's going to be a theme that keeps coming up.
Speaker 5: Totally. But I do think like for starters, if this
Speaker 5: is something on your partner's side that is a tradition.
Speaker 5: If you ever come across a situation where, first of all,
Speaker 5: people aren't getting married every year once a year, every year,
Speaker 5: it's once off hopefully maybe twice off, maybe three times,
Speaker 5: who knows, but it doesn't happen as often as a
Speaker 5: birthday or a Christmas.
Speaker 2: What stage do you stop bringing a wedding gift? Like
Speaker 2: if Jess was on a fourth marriage, I'm like out
Speaker 2: fourth marriage.
Speaker 1: I.
Speaker 5: Would probably I would keep going if you had a
Speaker 5: wedding every year.
Speaker 2: I loved getting married, so like I would have another wedding.
Speaker 2: Oh a thousand percent.
Speaker 5: So you can do a wedding, vowel, wedding, don't put
Speaker 5: it party, manual, wedding renewal, vowel renewal.
Speaker 2: Don't put it past me. I would if I could,
Speaker 2: but my husband won't consent to that, so I won't do.
Speaker 4: We have some people weighing in maybe who have different course.
Speaker 2: We asked a few questions first. So first question we
Speaker 2: asked was would you feel comfortable accepting a cash gift
Speaker 2: from hundreds of people you didn't know. Forty six percent
Speaker 2: of you said yes, especially if it's a tradition, and
Speaker 2: fifty four percent of you said no, it feels uncomfortable.
Speaker 2: I think that's actually just really reflective of the demographic
Speaker 2: in our community. Like our community, we are in Australia,
Speaker 2: and I feel like we are multicultural, which I am
Speaker 2: so grateful for. But overwhelmingly lots of us are going
Speaker 2: to have Australian values because that's where our podcast lives,
Speaker 2: and that's so okay. But I think, yeah, that's maybe
Speaker 2: reflective of that. That doesn't necessarily mean that, no, everybody
Speaker 2: worldwide feels uncomfortable. It's probably just very reflective of our community.
Speaker 2: And then we asked, would you compromise your wedding vision
Speaker 2: to honor family traditions and such a spicy question. Thirty
Speaker 2: six percent of you said yep, traditions are important, but
Speaker 2: sixty four percent of you said no, your wedding should
Speaker 2: reflect you. Oh true, I agree your wedding should reflect you.
Speaker 4: But there's too you're married, Yeah, yeah, absolutely, Like it's you.
Speaker 2: You're marrying into a culture.
Speaker 5: It's got to be a hybrid of everyone's hopes and dreams.
Speaker 4: And it's got to be a compromise, like it's two
Speaker 4: separate individuals.
Speaker 2: Culture is beautiful, Like the idea that you get to
Speaker 2: marry into another culture that has this rich history that
Speaker 2: you didn't have experience it. I just think it's so cool,
Speaker 2: Like the idea that you've got, you know, you talking
Speaker 2: about your ex girlfriend, she gets another shout out, But
Speaker 2: like the idea that you got to have such a
Speaker 2: close experience with her culture and how she celebrated, like
Speaker 2: doing de Wali would have been something that you'd never know.
Speaker 2: I just think it's such a privilege to experience other
Speaker 2: people's culture, And like a wedding in lots of cultures
Speaker 2: is just such an honor and such an event that
Speaker 2: it's not just about you. Yeah, but yeah, it should
Speaker 2: be about you because it's kind of reflective of your
Speaker 2: culture and your traditions. And even if you want what
Speaker 2: you deem to be a super traditional plain wedding, that
Speaker 2: doesn't mean that that's your partner's super traditional plain wedding.
Speaker 4: Right, Yes, what else do people say?
Speaker 2: So we did say, all right, give us your two cents.
Speaker 2: One person said, in our Asian culture, this is very
Speaker 2: common and hard to compromise on, to be honest. Someone
Speaker 2: else said, we ended up having two weddings, one traditional
Speaker 2: and one Western.
Speaker 4: I kind of like that.
Speaker 5: Yeah, I was going to be.
Speaker 2: Married. It was my favorite and you got to do
Speaker 2: it twice. That's cool.
Speaker 4: It doesn't fix a lot of our listeners problems, but
Speaker 4: it's like a fun I mean it also probably very expensive.
Speaker 4: But oh oh my gosh.
Speaker 2: Yes, absolutely, but like that idea, let's just put the
Speaker 2: financial cost of the wedding completely aside. While having this chat,
Speaker 2: someone else said, I'd save the money they gave me
Speaker 2: for their family gifts and then add a little bit
Speaker 2: of an interest.
Speaker 4: Actually, not a terrible idea.
Speaker 2: Put the money aside for when you go to weddings.
Speaker 4: Just give back what you I mean, if yeah, like
Speaker 4: if it is that nature what we were talking about before,
Speaker 4: where it's.
Speaker 2: Like you've you've never got the budget decide to attend
Speaker 2: to their weddings.
Speaker 5: Wait, you guys one hundred, one hundred, it's like ten
Speaker 5: thousand dollars, right, So I'm saying, if you are one
Speaker 5: hundred g I guests gave you one hundred dollars, that's
Speaker 5: like ten thousand dollars, right, then, Yeah, you could do that.
Speaker 4: Yeah, it's probably a really good workaround for the fact
Speaker 4: that our listener doesn't necessarily want to accept the money.
Speaker 4: You'll feel comfy with that, like maybe you're just holding
Speaker 4: it in trust until you go to their wedding. Give
Speaker 4: me oh my god. Maybe that's the solution.
Speaker 2: That's a solution the an series and communication. It's hold
Speaker 2: the money on trust.
Speaker 4: Sit on it like a dragon on a pile of gold,
Speaker 4: and then.
Speaker 2: Like a dragon on a pile of gold. This is
Speaker 2: really reflective of the content you're into recently, because I
Speaker 2: was like gonna say a golden goose. All right, so
Speaker 2: next person, you can still mostly hang with your people
Speaker 2: important to you and do things that are important to you.
Speaker 2: I think that that's mainly saying like they can still
Speaker 2: do that, yeah, and honor their tradition. It doesn't mean
Speaker 2: that your family has to give heaps of money. Maybe
Speaker 2: just the people that celebrate that way.
Speaker 6: Doo.
Speaker 2: Someone else said, my friend is going through something really
Speaker 2: similar and they booked a venue that has a max
Speaker 2: cap sorry physically sorry, I actually just booked a restaurant.
Speaker 2: Actually it's really niche. There's only a table of ten.
Speaker 2: Someone else said, we just chose to alowe. Wouldn't change
Speaker 2: of things? Saved oodles of money and all of the
Speaker 2: stress one other comment said had the same situation, but
Speaker 2: we're stuck to what we want the wedding outcome to be.
Speaker 2: That's a good point. Why are you getting married?
Speaker 5: Oh well, now we've opening a new why.
Speaker 2: Are you getting married? And if you're getting married into
Speaker 2: that culture, why are you doing that if it makes
Speaker 2: you uncomfortable. Oh maybe that's a little bit too deep,
Speaker 2: too far, too quick. But like also, maybe let's get
Speaker 2: really comfortable with the culture. Someone else said, and I
Speaker 2: thought this was really funny. I come from a really
Speaker 2: big Greek family. My dream wedding's going to piss a
Speaker 2: lot of people off.
Speaker 4: Not the traditional, my big fat Greek wedding.
Speaker 2: No, apparently not. Then I've got two part of answers
Speaker 2: to finish this off. Someone said, I come from such
Speaker 2: a culture. I think the traditions have to be taken
Speaker 2: into context because it's definitely not seen as transactional. It's
Speaker 2: seen as a way of coming together to chip in,
Speaker 2: which I think is really beautiful. And then the second
Speaker 2: two part was we had a traditional ceremony where my
Speaker 2: family helped pay and kept gifts from their friends, and
Speaker 2: then we had a reception on a separate night. Then
Speaker 2: in brackets. I know that's not easy for some with
Speaker 2: only our close friends, so we could have the best
Speaker 2: of both worlds.
Speaker 5: Very good idea.
Speaker 2: I feel like there's lots of compromise to be made.
Speaker 2: But guess what, Guys. To make those compromises, you need
Speaker 2: to chat with your partner and understand how important these
Speaker 2: things are. And I get that it feels transactional. But
Speaker 2: after this chat, I feel like I want to do
Speaker 2: a bit more learning about how those cultures really feel.
Speaker 2: Like it's chipping in like I have had. Yeah, Like, yeah,
Speaker 2: I want to know more about how that works because
Speaker 2: as somebody who has grown up in a very Australian family,
Speaker 2: I do feel relatively uncomfortable handing over cash gifts because
Speaker 2: I've been taught that that's the lazy gift, Like that's
Speaker 2: just how I've grown up, Like, oh yeah, just get
Speaker 2: them a gift card. Like to me, that's a flippant response.
Speaker 2: Whereas which is so not true. No, no, no, it's not.
Speaker 2: Jess loves a bloody gift card.
Speaker 4: I like more than a Mecca gift card, which you
Speaker 4: know so well. But get rid of the idea.
Speaker 2: But I'm talking like stereotypes entertains that in my head
Speaker 2: are part of my money story that I in the
Speaker 2: back of my mind go, maybe that's true, but it's
Speaker 2: not true. And I feel like that opens a conversation
Speaker 2: up of me being like, I want to learn so
Speaker 2: much more about all these other culture's weddings and how
Speaker 2: they view money and what that looks like. So if
Speaker 2: you ever see a podcast pop up that's like cultural
Speaker 2: Money Discussions or something, you know where this has come from.
Speaker 4: Yeah, so interesting.
Speaker 2: Well, guys, unfortunately that's all we have time for today.
Speaker 2: Have a good weekend. I'm gonna probably do another bonus
Speaker 2: episode tomorrow, so we'll see you then, but we'll also
Speaker 2: see everybody right nearly on Monday morning for money Darry
Speaker 2: Bye bye. The advice shared on She's on the Money
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