1 00:00:00,680 --> 00:00:05,040 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order 2 00:00:05,160 --> 00:00:08,760 Speaker 1: Order Kerney Whoalbury and a waddery woman. And before we 3 00:00:08,800 --> 00:00:11,440 Speaker 1: get started on She's on the Money podcast, I would 4 00:00:11,520 --> 00:00:14,520 Speaker 1: like to acknowledge the traditional custodians of the land of 5 00:00:14,560 --> 00:00:18,680 Speaker 1: which this podcast is recorded on a wondery country, acknowledging 6 00:00:18,680 --> 00:00:22,560 Speaker 1: the elders, the ancestors and the next generation coming through 7 00:00:23,040 --> 00:00:27,159 Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and 8 00:00:27,200 --> 00:00:30,560 Speaker 1: the storytelling of you to make a difference for today 9 00:00:31,040 --> 00:00:33,080 Speaker 1: and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:34,200 Speaker 2: Let's get into it. 11 00:00:34,360 --> 00:00:53,600 Speaker 3: She's on the Money, She's on the Money. 12 00:00:57,320 --> 00:00:59,680 Speaker 4: Hello, and welcome to She's on the Money, the podcast 13 00:00:59,680 --> 00:01:03,320 Speaker 4: that makes money talk easy and relatable. Just like chatting 14 00:01:03,360 --> 00:01:06,160 Speaker 4: with your besties, that's us and if your besties are moms. 15 00:01:06,240 --> 00:01:08,240 Speaker 4: This question is probably one that comes up in the 16 00:01:08,280 --> 00:01:10,880 Speaker 4: group chat a lot. Is it really worth going back 17 00:01:10,920 --> 00:01:13,800 Speaker 4: to work with these childcare costs? It is a tricky one. 18 00:01:13,880 --> 00:01:15,720 Speaker 4: I know a lot of our audience are probably feeling 19 00:01:15,720 --> 00:01:18,160 Speaker 4: the pin right now. Well, today I'm here with our 20 00:01:18,240 --> 00:01:21,440 Speaker 4: resident finance expert and supermom Victoria Devine. 21 00:01:21,560 --> 00:01:25,360 Speaker 2: Supermum is a stretch. I'm like my baby is fed 22 00:01:25,440 --> 00:01:27,080 Speaker 2: and clothed and not crying. 23 00:01:27,280 --> 00:01:29,240 Speaker 4: Sleigh, that is a winner. 24 00:01:29,280 --> 00:01:32,440 Speaker 2: Truly credible. Beck, I am very excited to be here 25 00:01:32,880 --> 00:01:35,880 Speaker 2: talking about childcare. This is new to me and I 26 00:01:35,920 --> 00:01:37,279 Speaker 2: cannot wait to dive deeper. 27 00:01:37,520 --> 00:01:39,120 Speaker 4: I mean, I don't know, I don't have children, but 28 00:01:39,160 --> 00:01:41,200 Speaker 4: it just sounds like it's so much gonna be. 29 00:01:41,280 --> 00:01:43,880 Speaker 2: Shook with the information that I'm bringing today. You're going 30 00:01:43,920 --> 00:01:47,960 Speaker 2: to be like, how in this economy can anyone afford children? 31 00:01:48,080 --> 00:01:48,520 Speaker 3: Mmmm? 32 00:01:48,720 --> 00:01:51,360 Speaker 4: Well, I'm excited to hear so v how much exactly 33 00:01:51,440 --> 00:01:53,000 Speaker 4: our families spending on childcare. 34 00:01:53,160 --> 00:01:56,600 Speaker 2: It's not very pretty so on average, Australian families are 35 00:01:56,600 --> 00:02:00,960 Speaker 2: spending around seventeen percent of their income on child care. Well, 36 00:02:01,320 --> 00:02:04,960 Speaker 2: as you can probably imagine, that is a massive financial 37 00:02:05,040 --> 00:02:08,519 Speaker 2: commitment that's forced many parents to make a really hard 38 00:02:08,560 --> 00:02:12,639 Speaker 2: decision between work and family life. And for many of them, 39 00:02:12,760 --> 00:02:16,919 Speaker 2: childcare is such a big financial strain that impacts literally 40 00:02:16,960 --> 00:02:21,600 Speaker 2: everything from weekly grocery budgets to long term saving goals 41 00:02:21,720 --> 00:02:25,280 Speaker 2: and living their best life. In places like Sydney. In Melbourne, 42 00:02:25,480 --> 00:02:28,720 Speaker 2: full time childcare can set you back back, sit down 43 00:02:29,120 --> 00:02:32,360 Speaker 2: anywhere between one hundred and twenty and two hundred and 44 00:02:32,480 --> 00:02:36,000 Speaker 2: twenty dollars a day, a day, a day, and Bestie 45 00:02:36,000 --> 00:02:38,280 Speaker 2: on this side of the table, I'm spending one hundred 46 00:02:38,360 --> 00:02:42,000 Speaker 2: and ninety four dollars a day on childcare a day. 47 00:02:42,400 --> 00:02:45,239 Speaker 2: Is so outrage and I'm only sharing that because that's 48 00:02:45,240 --> 00:02:48,400 Speaker 2: inner Melbourne. And I feel like when I put on 49 00:02:48,440 --> 00:02:51,480 Speaker 2: my Instagram a couple of months before Harvey was due, 50 00:02:51,520 --> 00:02:54,160 Speaker 2: because I was really trying to set all my ducks 51 00:02:54,200 --> 00:02:55,960 Speaker 2: up and like, you know, pick a day care before 52 00:02:56,040 --> 00:02:59,560 Speaker 2: he'd even like gotten here. Basically because even the wait 53 00:02:59,639 --> 00:03:02,799 Speaker 2: lists beck are insane, I was asking like how much 54 00:03:02,840 --> 00:03:05,200 Speaker 2: do you pay? And it was so wildly different, like 55 00:03:05,240 --> 00:03:06,720 Speaker 2: some of them are like, oh, one twenty a day, 56 00:03:06,760 --> 00:03:09,560 Speaker 2: someone like literally like two hundred and fifty, like on 57 00:03:09,680 --> 00:03:12,560 Speaker 2: averages between one twenty and two twenty a day. But 58 00:03:13,000 --> 00:03:15,760 Speaker 2: it varied so much that now I'm like, well, I'm 59 00:03:15,919 --> 00:03:17,840 Speaker 2: you know, in a city Melbourne, I'm within that like 60 00:03:18,000 --> 00:03:20,359 Speaker 2: ten kilometer bring around to the CBD and I'm paying 61 00:03:20,360 --> 00:03:23,120 Speaker 2: one hundred and ninety four dollars a day. And having 62 00:03:23,680 --> 00:03:26,760 Speaker 2: been a little bit over the top, I looked at 63 00:03:26,800 --> 00:03:29,400 Speaker 2: basically every single deca in my area and that was 64 00:03:29,440 --> 00:03:33,079 Speaker 2: actually average, like it wasn't oh the most expensive one 65 00:03:33,120 --> 00:03:35,120 Speaker 2: that was just what you pay crazy. 66 00:03:35,280 --> 00:03:37,920 Speaker 4: Yeah, it's like sometimes that would be more than what 67 00:03:38,040 --> 00:03:39,960 Speaker 4: someone makes a day if they were Yeah, and get this, 68 00:03:40,280 --> 00:03:42,920 Speaker 4: if you have a permanent position. So I am lucky 69 00:03:43,000 --> 00:03:45,600 Speaker 4: enough that Harvey has been given a permanent position. So 70 00:03:45,680 --> 00:03:48,000 Speaker 4: we know that he goes two days a week, but 71 00:03:48,040 --> 00:03:49,880 Speaker 4: those two days a week it's set aside for him. 72 00:03:50,240 --> 00:03:53,080 Speaker 4: But if your child doesn't go because they're sick, you 73 00:03:53,120 --> 00:03:55,480 Speaker 4: still have to pay. Really, yeah, you can't just like 74 00:03:55,520 --> 00:03:58,240 Speaker 4: call in and be like sorry, like we're not coming 75 00:03:58,240 --> 00:04:01,760 Speaker 4: in today. Money in, Like no, no, you're paying for that day. 76 00:04:02,080 --> 00:04:05,600 Speaker 4: And even though they probably got sick from being in childcare, 77 00:04:05,680 --> 00:04:10,200 Speaker 4: that doesn't matter at all. And I think nothing recently 78 00:04:10,360 --> 00:04:13,400 Speaker 4: has stung quite as much as seeing a payment go 79 00:04:13,520 --> 00:04:16,560 Speaker 4: through for the days that Harvey hasn't been in his 80 00:04:16,640 --> 00:04:20,920 Speaker 4: little class. Wow. I mean, like, I know that childcare 81 00:04:20,960 --> 00:04:22,560 Speaker 4: workers do deserve to be paid a lot. 82 00:04:22,600 --> 00:04:25,040 Speaker 2: And so I wrote a whole article in the Sydney 83 00:04:25,040 --> 00:04:27,919 Speaker 2: Morning Herald and the Age probably a year ago now, 84 00:04:28,400 --> 00:04:31,159 Speaker 2: just being like what the heck. And this was during 85 00:04:31,200 --> 00:04:33,040 Speaker 2: my period of time where I was doing all of 86 00:04:33,040 --> 00:04:35,640 Speaker 2: my research on my daycare centers. Working out what we 87 00:04:35,640 --> 00:04:37,479 Speaker 2: were going to pay for and what that looked like, 88 00:04:37,600 --> 00:04:41,680 Speaker 2: and I was horrified. I mean, that's a conversation probably 89 00:04:41,960 --> 00:04:45,119 Speaker 2: for another day, because they do deserve to be paid 90 00:04:45,200 --> 00:04:48,159 Speaker 2: so much more, and we'll touch on it absolutely so, 91 00:04:48,320 --> 00:04:51,359 Speaker 2: because I don't really know what these costs are, Like, 92 00:04:51,480 --> 00:04:53,880 Speaker 2: I am quite mortified, but I'm sure. 93 00:04:53,680 --> 00:04:54,600 Speaker 4: There are reasons for this. 94 00:04:54,680 --> 00:04:57,040 Speaker 2: So there definitely are reasons for this. 95 00:04:57,160 --> 00:04:59,280 Speaker 4: Tell me, yeah, what's driving these high costs? 96 00:04:59,360 --> 00:05:01,880 Speaker 2: Honestly, A lot of it just comes down to regulation. 97 00:05:02,040 --> 00:05:05,240 Speaker 2: So childcare centers have to meet really strict staff to 98 00:05:05,320 --> 00:05:09,640 Speaker 2: child ratios, which then obviously varies by child grouping and 99 00:05:09,760 --> 00:05:14,360 Speaker 2: affects the price. So right now, Harvey is six months old, 100 00:05:14,440 --> 00:05:17,120 Speaker 2: but that means he's got the most level of care 101 00:05:17,240 --> 00:05:20,800 Speaker 2: right now, So there's the minimum amount of babies per 102 00:05:20,920 --> 00:05:23,480 Speaker 2: child care worker in his room because he can't even 103 00:05:23,520 --> 00:05:26,880 Speaker 2: sit up unassisted at this point, Like we can sit up, 104 00:05:26,960 --> 00:05:30,320 Speaker 2: then we fall over, so he needs basically someone always 105 00:05:30,360 --> 00:05:32,920 Speaker 2: watching him. Whereas you can probably imagine once you get 106 00:05:32,960 --> 00:05:36,039 Speaker 2: to like three or four, I won't say they're fully independent, 107 00:05:36,120 --> 00:05:38,200 Speaker 2: but like they're happy to go play on their own 108 00:05:38,240 --> 00:05:40,800 Speaker 2: and they can get their own toys and whatnot. So 109 00:05:40,880 --> 00:05:43,880 Speaker 2: for little ones under two here in Australia, it's one 110 00:05:44,000 --> 00:05:48,240 Speaker 2: care for every four children, which obviously drives up costs 111 00:05:48,279 --> 00:05:52,680 Speaker 2: to maintain that quality, but also your kids safety, right, 112 00:05:52,720 --> 00:05:55,680 Speaker 2: so you've got one person per four children, and as 113 00:05:55,680 --> 00:05:58,760 Speaker 2: your kids get older obviously that relaxes. And here in 114 00:05:58,800 --> 00:06:02,160 Speaker 2: Australia kids over three can have about ten or eleven 115 00:06:02,320 --> 00:06:05,680 Speaker 2: kids per care, depending on your state, which means that 116 00:06:05,800 --> 00:06:08,800 Speaker 2: usually your fees will drop a little bit lower, but honestly, 117 00:06:09,040 --> 00:06:10,360 Speaker 2: nothing to write home about. 118 00:06:10,560 --> 00:06:13,840 Speaker 4: Sure, I assume, like inflation, cost of living going up, 119 00:06:13,880 --> 00:06:16,200 Speaker 4: that probably is also a. 120 00:06:16,240 --> 00:06:19,520 Speaker 2: Kind of oh my gosh, yes, yeah, oh, I'm looking 121 00:06:19,560 --> 00:06:21,520 Speaker 2: at it at the moment. And there's obviously a lot 122 00:06:21,560 --> 00:06:26,320 Speaker 2: in the media about more support happening for childcare, but 123 00:06:26,400 --> 00:06:28,920 Speaker 2: I can just see it coming. Cares are just going 124 00:06:28,960 --> 00:06:31,840 Speaker 2: to increase their prices and pass things onto you, which 125 00:06:31,839 --> 00:06:35,239 Speaker 2: I think is crazy. But with basic needs like rent 126 00:06:35,240 --> 00:06:38,920 Speaker 2: and utilities and our grocery bills being so much, don't 127 00:06:38,960 --> 00:06:42,520 Speaker 2: get me started on the Woolies profit this year, those 128 00:06:42,600 --> 00:06:46,360 Speaker 2: costs get passed on, which makes childcare even more expensive. 129 00:06:46,800 --> 00:06:49,880 Speaker 4: Yeah, I see, that's so hectic. 130 00:06:49,360 --> 00:06:52,120 Speaker 2: And some centers beck it's like the wild West in 131 00:06:52,120 --> 00:06:54,039 Speaker 2: a way. I won't say there's obviously like a lot 132 00:06:54,040 --> 00:06:58,680 Speaker 2: of regulation, but sure. Some childcare centers, like the one 133 00:06:58,760 --> 00:07:01,760 Speaker 2: Harvey's privileged enough to go to, is all inclusive, so 134 00:07:01,800 --> 00:07:03,599 Speaker 2: like I drop him off in the morning and it 135 00:07:03,640 --> 00:07:07,560 Speaker 2: includes his meals, it includes nappies, it includes his formula, 136 00:07:07,600 --> 00:07:10,080 Speaker 2: which is really cool. I didn't realize that. Like when 137 00:07:10,080 --> 00:07:12,160 Speaker 2: I dropped him off for the first time for orientation, 138 00:07:12,240 --> 00:07:14,200 Speaker 2: they were like, what formula is he on? And I 139 00:07:14,280 --> 00:07:16,240 Speaker 2: was like, oh, he's on this and they were like, 140 00:07:16,280 --> 00:07:18,280 Speaker 2: no worries, We'll buy it and put it to the side. Cool, 141 00:07:18,440 --> 00:07:21,040 Speaker 2: And I was like, okay, Like that made it sting 142 00:07:21,200 --> 00:07:24,920 Speaker 2: slightly less. I guess that makes it formula's expensive, beck, Yeah, 143 00:07:24,960 --> 00:07:28,600 Speaker 2: and that formula for Harvey thirty four dollars a can 144 00:07:28,680 --> 00:07:31,040 Speaker 2: and we go through like at least a can a week. 145 00:07:31,360 --> 00:07:34,040 Speaker 2: Oh wow, okay, so right, it kind of shaves off 146 00:07:34,040 --> 00:07:37,720 Speaker 2: a little bit, the smallest amount. I mean, if they 147 00:07:37,720 --> 00:07:39,440 Speaker 2: cut my day care fees in half, I would be 148 00:07:39,520 --> 00:07:42,720 Speaker 2: very happy to be wayo formula. But not everybody is 149 00:07:43,240 --> 00:07:46,400 Speaker 2: in that lucky position. Some people will probably be like, 150 00:07:46,520 --> 00:07:48,400 Speaker 2: V I'm paying what you're paying, and I have to 151 00:07:48,440 --> 00:07:51,560 Speaker 2: send nappies to daycare. I have to send formula, I 152 00:07:51,560 --> 00:07:54,480 Speaker 2: have to send a packed lunch. Like, as I said, 153 00:07:54,480 --> 00:07:56,560 Speaker 2: it can kind of be the wild West. There's no like, oh, 154 00:07:56,600 --> 00:07:58,360 Speaker 2: if you charge this much, you have to give this 155 00:07:58,480 --> 00:08:02,240 Speaker 2: level of service. While it's you know, obviously very convenient 156 00:08:02,280 --> 00:08:05,360 Speaker 2: for me, and on average, it costs more in places 157 00:08:05,400 --> 00:08:08,720 Speaker 2: like that than where places where parents supply it. But 158 00:08:08,840 --> 00:08:11,080 Speaker 2: I do know from my DMS from when I was 159 00:08:11,160 --> 00:08:14,400 Speaker 2: talking about childcare, there are some places that just know 160 00:08:14,720 --> 00:08:18,120 Speaker 2: there's such high demand for childcare that they're like, you 161 00:08:18,160 --> 00:08:20,400 Speaker 2: guys can provide everything. We know you're still going to 162 00:08:20,480 --> 00:08:22,360 Speaker 2: come and we're going to charge through the nose. So 163 00:08:22,720 --> 00:08:24,760 Speaker 2: there's a bit of a trade off between convenience and 164 00:08:24,800 --> 00:08:26,800 Speaker 2: costs sometimes but not all the time. 165 00:08:27,080 --> 00:08:29,760 Speaker 4: Yeah, let's talk about like the impact on families. I 166 00:08:29,760 --> 00:08:33,320 Speaker 4: assume it's like quite massive. Yeah, it's so. 167 00:08:33,160 --> 00:08:36,440 Speaker 2: Stressful, so many parents And I'm in a mother's group 168 00:08:36,520 --> 00:08:39,040 Speaker 2: now cool. I don't even know if they know I 169 00:08:39,080 --> 00:08:40,840 Speaker 2: have a podcast, but if they do and they happen 170 00:08:40,920 --> 00:08:43,840 Speaker 2: to listen to, high heaps of parents still really forced 171 00:08:43,840 --> 00:08:46,760 Speaker 2: to cut back on work hours or completely leave the 172 00:08:46,800 --> 00:08:52,160 Speaker 2: workforce entirely. Yeah, Beck, when you calculate it out, like thankfully, 173 00:08:52,559 --> 00:08:55,560 Speaker 2: between Steve and I, we only do two days a 174 00:08:55,640 --> 00:08:59,840 Speaker 2: week daycare if you don't get any subsidies, and we 175 00:08:59,880 --> 00:09:01,480 Speaker 2: just going to base it on that one ninety four 176 00:09:01,520 --> 00:09:05,480 Speaker 2: that I mentioned before, if Harvey was in full time 177 00:09:05,640 --> 00:09:09,160 Speaker 2: daycare Monday to Friday so that I could go back 178 00:09:09,200 --> 00:09:12,080 Speaker 2: to work full time, if I was, you know, fully employed, 179 00:09:12,080 --> 00:09:14,520 Speaker 2: and I am definitely seeing the privilege that I have 180 00:09:14,640 --> 00:09:16,840 Speaker 2: right now being a business owner and it being flexible. 181 00:09:16,840 --> 00:09:18,920 Speaker 2: And you know, Beck, if I'm like, hey, Harvey's coming 182 00:09:18,920 --> 00:09:21,360 Speaker 2: into the office, You're like, yeah, sick, no worries, Like yeah, 183 00:09:21,360 --> 00:09:23,920 Speaker 2: nobody minds. I am so lucky, and I know that's 184 00:09:23,920 --> 00:09:27,480 Speaker 2: not the norm. Post tax, that would cost my family 185 00:09:27,920 --> 00:09:31,240 Speaker 2: fifty thousand, four hundred and forty dollars a year. 186 00:09:31,600 --> 00:09:35,720 Speaker 4: That is literally someone's wage. Imagine you're a single poy. 187 00:09:35,640 --> 00:09:39,400 Speaker 2: In someone's wage, like Beck, that's someone's take home cash. 188 00:09:39,520 --> 00:09:42,720 Speaker 2: We're talking an eighty plus thousand dollars salary. And don't 189 00:09:42,720 --> 00:09:45,800 Speaker 2: get me wrong, we will talk about subsidies and stuff 190 00:09:45,840 --> 00:09:48,640 Speaker 2: because a lot of people get money back, but there 191 00:09:48,679 --> 00:09:51,520 Speaker 2: are families out there that you know, one is a 192 00:09:51,559 --> 00:09:54,080 Speaker 2: really big bread winner, has a big dog, job, and like, 193 00:09:54,600 --> 00:09:57,200 Speaker 2: let's not jump into the well, they're so lucky to 194 00:09:57,240 --> 00:09:59,440 Speaker 2: have that income. Like we're not talking about just the 195 00:09:59,480 --> 00:10:03,400 Speaker 2: income here, we're talking about it being viable for women 196 00:10:03,440 --> 00:10:06,200 Speaker 2: to maintain their careers. It just doesn't make sense for 197 00:10:06,240 --> 00:10:09,400 Speaker 2: your wife or your partner or your husband to return 198 00:10:09,480 --> 00:10:13,000 Speaker 2: to work if they earn less than that. Totally go, well, 199 00:10:13,040 --> 00:10:15,680 Speaker 2: what's the point we're paying through the nose for me 200 00:10:15,840 --> 00:10:19,120 Speaker 2: to go to work? And just insane, Beck, it is insane. 201 00:10:19,160 --> 00:10:21,599 Speaker 4: I just really worry about the single parents in the 202 00:10:21,640 --> 00:10:23,320 Speaker 4: situation because they're literally what do you do? 203 00:10:23,440 --> 00:10:23,720 Speaker 2: What do? 204 00:10:23,840 --> 00:10:25,319 Speaker 4: You just got to live off zero dollars for it? 205 00:10:25,480 --> 00:10:27,840 Speaker 2: And I mean you will get as a single parent 206 00:10:27,960 --> 00:10:31,120 Speaker 2: subsidies and stuff, and we'll get into that, but that 207 00:10:31,200 --> 00:10:33,400 Speaker 2: doesn't mean that it doesn't come out of your bank account, 208 00:10:33,400 --> 00:10:34,559 Speaker 2: which is something we'll get onto. 209 00:10:34,840 --> 00:10:35,160 Speaker 4: Sure. 210 00:10:35,520 --> 00:10:39,320 Speaker 2: Back to career progression, obviously, it impacts that it stalls 211 00:10:39,360 --> 00:10:42,760 Speaker 2: your long term career progression and your long term financial stability. 212 00:10:42,760 --> 00:10:44,839 Speaker 2: And in fact, there was research that I was reading 213 00:10:44,880 --> 00:10:48,199 Speaker 2: recently that said that sixty seven percent of Australian mums 214 00:10:48,520 --> 00:10:52,000 Speaker 2: said childcare costs influenced their decision to work less or 215 00:10:52,040 --> 00:10:57,000 Speaker 2: not at all right, okay, sixty seven percent. It's important 216 00:10:57,000 --> 00:11:00,000 Speaker 2: to also recognize here that not everyone has the life 217 00:11:00,400 --> 00:11:04,320 Speaker 2: of choice. So some families parents need to work to 218 00:11:04,400 --> 00:11:06,920 Speaker 2: make ends meet. But for those of you who do 219 00:11:06,960 --> 00:11:08,880 Speaker 2: have a choice, it's all about weighing up what is 220 00:11:09,000 --> 00:11:11,880 Speaker 2: best for you. A really common way that I'm seeing 221 00:11:12,000 --> 00:11:14,320 Speaker 2: it being broken down is by comparing the cost of 222 00:11:14,400 --> 00:11:17,600 Speaker 2: childcare with what the primary care earns. So once you 223 00:11:17,640 --> 00:11:22,160 Speaker 2: subtract those fees, is the remaining income enough to justify working. 224 00:11:22,360 --> 00:11:26,600 Speaker 2: Sometimes the number bekad just doesn't add up. And then 225 00:11:26,640 --> 00:11:28,920 Speaker 2: the time spent away from your kids, like you just go, 226 00:11:29,040 --> 00:11:32,040 Speaker 2: that's not worth the financial return. And I can see 227 00:11:32,080 --> 00:11:34,800 Speaker 2: that so much now, like I don't want to be 228 00:11:34,840 --> 00:11:36,920 Speaker 2: away from Harvey if I don't have to be yes. 229 00:11:37,160 --> 00:11:38,679 Speaker 2: And then if you said, VI, you're not going to 230 00:11:38,760 --> 00:11:40,840 Speaker 2: earn that much if you did go back to work, 231 00:11:40,840 --> 00:11:42,720 Speaker 2: I'd be like, that's not worth it, Like what are 232 00:11:42,760 --> 00:11:46,040 Speaker 2: you talking about? And I know that if you are 233 00:11:46,120 --> 00:11:48,880 Speaker 2: a parent, you probably really resonate with that. But before 234 00:11:49,600 --> 00:11:51,679 Speaker 2: I was a parent, I think I definitely had the 235 00:11:51,800 --> 00:11:54,760 Speaker 2: view of like no, no, no, Like I am forever 236 00:11:54,800 --> 00:11:57,679 Speaker 2: a working mum, Like I just know that in my soul. 237 00:11:57,880 --> 00:12:00,320 Speaker 2: I need to work to be the best version of me, 238 00:12:00,760 --> 00:12:04,360 Speaker 2: and that's true. But that pool to always be closer 239 00:12:04,400 --> 00:12:07,120 Speaker 2: to Harvey and be around him is there as well, 240 00:12:07,160 --> 00:12:09,560 Speaker 2: and I didn't realize that it would be as strong 241 00:12:09,679 --> 00:12:12,200 Speaker 2: as it is. So I can see it being really, 242 00:12:12,360 --> 00:12:15,000 Speaker 2: really overwhelming for a lot of families to be like, 243 00:12:15,440 --> 00:12:18,600 Speaker 2: I really want my career, but I really love my kids. 244 00:12:18,840 --> 00:12:21,280 Speaker 2: But I really want a career. But is it financially 245 00:12:21,400 --> 00:12:24,120 Speaker 2: viable to do so? And there's long term impacts, like 246 00:12:24,120 --> 00:12:26,880 Speaker 2: if you're out of the workforce, you don't just get 247 00:12:26,880 --> 00:12:28,800 Speaker 2: to enter back where you were and have the same 248 00:12:28,840 --> 00:12:32,839 Speaker 2: amount of career progression. Ah but Beck, what if we 249 00:12:32,960 --> 00:12:35,920 Speaker 2: are looking at all of this the wrong way. We're 250 00:12:35,960 --> 00:12:38,800 Speaker 2: going to take a really quick break, and when we return, 251 00:12:38,880 --> 00:12:41,880 Speaker 2: I'm going to share why I think this mindset could 252 00:12:41,880 --> 00:12:45,599 Speaker 2: potentially use a bit of a shakeup. So don't go anywhere. 253 00:12:49,240 --> 00:12:51,360 Speaker 4: All right, we are back. Thank you for sticking with us, 254 00:12:51,440 --> 00:12:53,559 Speaker 4: but you promise us a hot take before the breakup? 255 00:12:53,960 --> 00:12:54,920 Speaker 2: I do a little Yeah. 256 00:12:54,960 --> 00:12:57,520 Speaker 4: I was really like intrigued, how could we possibly turn 257 00:12:57,520 --> 00:12:58,000 Speaker 4: this around? 258 00:12:58,160 --> 00:12:59,880 Speaker 2: All right? I want to give you guys a bit 259 00:12:59,920 --> 00:13:02,480 Speaker 2: of a mindset shift. When it comes to thinking about 260 00:13:02,520 --> 00:13:06,320 Speaker 2: childcare costs. As you probably already know, I'm a really 261 00:13:06,320 --> 00:13:09,640 Speaker 2: big believer that when you're doing those sums, the cost 262 00:13:09,720 --> 00:13:12,880 Speaker 2: should actually be split between both parents, yes, not just 263 00:13:12,920 --> 00:13:16,280 Speaker 2: the primary care. So how many times do families sit 264 00:13:16,320 --> 00:13:18,720 Speaker 2: down and go, okay, cool, well, Beck, you know, let's 265 00:13:18,720 --> 00:13:20,720 Speaker 2: pretend you and I had a baby, it'd be really 266 00:13:20,760 --> 00:13:24,079 Speaker 2: cute if we did. Way, what do you earn back? 267 00:13:24,120 --> 00:13:25,840 Speaker 2: And then what do I earn? And then you know, 268 00:13:25,960 --> 00:13:28,760 Speaker 2: the childcare cost gets calculated and we go, well, Beck, 269 00:13:28,800 --> 00:13:30,440 Speaker 2: you wouldn't be able to earn that much, so not 270 00:13:30,480 --> 00:13:34,400 Speaker 2: worth your going to work. Let's push that back. So 271 00:13:34,640 --> 00:13:37,520 Speaker 2: not just what the primary care is earning, but we're 272 00:13:37,600 --> 00:13:41,520 Speaker 2: sharing the cost, and by sharing the cost, we're acknowledging 273 00:13:41,559 --> 00:13:44,840 Speaker 2: that raising children is a joint effort and that both 274 00:13:45,240 --> 00:13:50,160 Speaker 2: parents benefit from childcare. I think so often the primary 275 00:13:50,320 --> 00:13:53,640 Speaker 2: care is the one that has to sacrifice, and then 276 00:13:53,679 --> 00:13:56,080 Speaker 2: the other person is seen as like, oh, but they're 277 00:13:56,120 --> 00:13:59,720 Speaker 2: the breadwinner, as though childcare isn't the benefit for them, 278 00:14:00,160 --> 00:14:02,840 Speaker 2: when that's not the case, because there is a trade 279 00:14:02,880 --> 00:14:05,680 Speaker 2: off to consider. A career break could obviously lead to 280 00:14:05,720 --> 00:14:10,320 Speaker 2: a very significant drop in superannuation contributions and missed opportunity 281 00:14:10,320 --> 00:14:13,160 Speaker 2: for career growth like I was saying before, and promotions 282 00:14:13,160 --> 00:14:17,280 Speaker 2: and bonuses and pay rises, and over time, the gaps 283 00:14:17,360 --> 00:14:20,400 Speaker 2: in this widens and it affects long term earnings and 284 00:14:20,520 --> 00:14:23,760 Speaker 2: your financial security. And when you return to work, it 285 00:14:23,800 --> 00:14:26,600 Speaker 2: often means that you start at a lower salary or 286 00:14:26,640 --> 00:14:30,920 Speaker 2: like a reduced position, which is another financial penalty. And 287 00:14:30,960 --> 00:14:34,080 Speaker 2: these cumulative effects they add up, and they add up 288 00:14:34,160 --> 00:14:37,920 Speaker 2: quickly but silently. You don't see them, but they're adding up, 289 00:14:38,240 --> 00:14:40,760 Speaker 2: making it really important to weigh the short term benefit 290 00:14:40,800 --> 00:14:44,320 Speaker 2: of a break against the potential long term financial impacts. 291 00:14:44,400 --> 00:14:47,680 Speaker 2: And it's a very tough call with honestly, I wish 292 00:14:47,720 --> 00:14:50,600 Speaker 2: I could tell you, but no perfect answer, and it 293 00:14:50,640 --> 00:14:53,600 Speaker 2: really comes down to what's best for your family and 294 00:14:53,640 --> 00:14:57,040 Speaker 2: your unique situation. But I want to reframe it. It's 295 00:14:57,080 --> 00:14:59,480 Speaker 2: a family cost, not a U cost. It's not the 296 00:14:59,520 --> 00:15:02,880 Speaker 2: cost of you leaving the business. Yeah, that's so true. 297 00:15:02,960 --> 00:15:05,200 Speaker 2: You know, one hundred and ninety four dollars a day 298 00:15:05,600 --> 00:15:09,280 Speaker 2: broken up in my family looks like ninety seven dollars 299 00:15:09,440 --> 00:15:12,000 Speaker 2: per head for Steve and I to have a career. Yes, 300 00:15:12,640 --> 00:15:14,320 Speaker 2: that's a bit more palatable. 301 00:15:14,600 --> 00:15:16,240 Speaker 4: I didn't even think about that that's so funny that 302 00:15:16,280 --> 00:15:18,760 Speaker 4: my brain was automatically like, whoever's going back to work 303 00:15:18,840 --> 00:15:19,600 Speaker 4: is paying the thing? 304 00:15:19,680 --> 00:15:20,640 Speaker 2: But patriarchy. 305 00:15:21,160 --> 00:15:24,800 Speaker 4: Yeah, based on that, I assume this affects women more. 306 00:15:24,640 --> 00:15:27,840 Speaker 2: Right, definitely, And like it's not a topic that we're 307 00:15:27,840 --> 00:15:31,080 Speaker 2: discussing on shees on the money because it impacts men significantly. 308 00:15:31,280 --> 00:15:33,680 Speaker 2: Like it is a topic that we're discussing because it 309 00:15:33,720 --> 00:15:36,600 Speaker 2: does impact women more. And women are more likely to 310 00:15:36,640 --> 00:15:39,920 Speaker 2: take extended breaks to care for their kids, and so 311 00:15:40,240 --> 00:15:44,040 Speaker 2: often they shoulder most of these costs, and that contributes 312 00:15:44,080 --> 00:15:47,320 Speaker 2: significantly to the gender pay gap and the superannuation gap 313 00:15:47,360 --> 00:15:49,600 Speaker 2: over time. And how many times have you seen my 314 00:15:49,720 --> 00:15:52,440 Speaker 2: name pop up on Instagram back because I've gotten in 315 00:15:52,520 --> 00:15:55,400 Speaker 2: another fight in the comments section on a post about 316 00:15:55,440 --> 00:15:57,920 Speaker 2: the gender pay gap where people are saying it doesn't exist, 317 00:15:58,640 --> 00:16:01,200 Speaker 2: fighting the good fight or starting fights with people who 318 00:16:01,560 --> 00:16:04,240 Speaker 2: you know when you just go, is this even worth it? 319 00:16:04,600 --> 00:16:07,960 Speaker 2: Because you get people who are smart human beings going yeah, 320 00:16:08,040 --> 00:16:11,000 Speaker 2: these correct, right, But then the potato who posted the 321 00:16:11,000 --> 00:16:13,320 Speaker 2: stuff like, dude, graps not real, Like why are we 322 00:16:13,360 --> 00:16:15,880 Speaker 2: fighting with people who you can't change the opinions of no, 323 00:16:15,960 --> 00:16:16,360 Speaker 2: And it's. 324 00:16:16,200 --> 00:16:20,760 Speaker 4: Also factually really like They're like, show me the research 325 00:16:20,880 --> 00:16:22,080 Speaker 4: stends me a link and I'm. 326 00:16:21,920 --> 00:16:24,880 Speaker 2: Like, right here, right here, it is right here. I 327 00:16:24,960 --> 00:16:27,360 Speaker 2: have put a flashy sign on it. It is right here. 328 00:16:27,400 --> 00:16:31,880 Speaker 2: And they're look, that's not real research. I don't what 329 00:16:31,920 --> 00:16:34,800 Speaker 2: do you deem is real? The onion like, I can't. 330 00:16:35,360 --> 00:16:36,960 Speaker 2: Oh no, I saw that on the Buttudah. 331 00:16:37,000 --> 00:16:40,600 Speaker 4: It must be true all Batuda people. 332 00:16:42,200 --> 00:16:45,320 Speaker 2: So I guess Beck back to the conversation at hand. 333 00:16:45,360 --> 00:16:47,760 Speaker 2: If you do decide to stay home with the kids, 334 00:16:47,760 --> 00:16:50,000 Speaker 2: it's really important to keep these factors in mind when 335 00:16:50,040 --> 00:16:52,920 Speaker 2: you're planning for the future. So my favorite thing ever. 336 00:16:53,440 --> 00:16:54,760 Speaker 4: That's let's do some. 337 00:16:56,320 --> 00:16:59,040 Speaker 2: So say you're getting about ten grand a year in 338 00:16:59,120 --> 00:17:03,200 Speaker 2: super Yes, nice. This amount might not seem in isolation 339 00:17:03,560 --> 00:17:06,920 Speaker 2: like that much. So while you're not working, contributing might 340 00:17:07,040 --> 00:17:10,399 Speaker 2: feel like less of a priority. Like whatever, it's ten grand. 341 00:17:11,000 --> 00:17:13,919 Speaker 2: Ten grand's a lot of money. But let's say you 342 00:17:13,960 --> 00:17:16,600 Speaker 2: take five years off, because that's the amount of time 343 00:17:16,600 --> 00:17:18,800 Speaker 2: that it might take your tiny human being to get 344 00:17:18,840 --> 00:17:23,360 Speaker 2: into school. That's fifty thousand dollars in missed super contributions. 345 00:17:23,400 --> 00:17:23,600 Speaker 1: Peck. 346 00:17:23,800 --> 00:17:27,000 Speaker 2: True, that's not great, but over five years, it's easy 347 00:17:27,080 --> 00:17:29,160 Speaker 2: to go, oh, whatever it was five years. We'll shrug 348 00:17:29,200 --> 00:17:30,960 Speaker 2: it off in the short term. But here is why 349 00:17:31,040 --> 00:17:34,000 Speaker 2: it matters, and it all has to do with my 350 00:17:34,119 --> 00:17:38,879 Speaker 2: favorite thing that's not maths, which is compound interest. Like 351 00:17:39,240 --> 00:17:41,440 Speaker 2: compound interesting, it's the money that your money makes. When 352 00:17:41,440 --> 00:17:45,240 Speaker 2: your money's made, money like that is very sexy. If 353 00:17:45,240 --> 00:17:47,600 Speaker 2: that fifty thousand dollars had a chance to compound over 354 00:17:47,680 --> 00:17:51,280 Speaker 2: thirty years, not unreasonable at a very conservative rate of 355 00:17:51,320 --> 00:17:53,159 Speaker 2: seven and a half percent, because we all know that 356 00:17:53,200 --> 00:17:56,439 Speaker 2: the Australian share market has returned more than nine percent. 357 00:17:56,680 --> 00:17:58,240 Speaker 2: Well we can use seven and a half because I 358 00:17:58,240 --> 00:18:02,120 Speaker 2: would much prefer under promise over deliver, you know. Oh yeah, yeah, 359 00:18:02,160 --> 00:18:04,440 Speaker 2: that's a me thing. It would grow to around four 360 00:18:04,520 --> 00:18:06,440 Speaker 2: hundred and fifty thousand dollars. 361 00:18:06,720 --> 00:18:10,680 Speaker 4: Holy hell, that's so good. It is shocked by this. 362 00:18:10,680 --> 00:18:13,240 Speaker 2: But Beck, most women do not retire with four hundred 363 00:18:13,280 --> 00:18:15,240 Speaker 2: and fifty thousand dollars. That's abrannuation. 364 00:18:15,400 --> 00:18:16,440 Speaker 4: It's a real problem. 365 00:18:16,800 --> 00:18:22,520 Speaker 2: So you're telling me that just by really caring about this, yeah, 366 00:18:22,640 --> 00:18:25,200 Speaker 2: we could put women in a better position. We know 367 00:18:25,640 --> 00:18:29,720 Speaker 2: that the highest growing demographic of people experiencing homelessness, Beck 368 00:18:30,040 --> 00:18:33,280 Speaker 2: are women in their fifties and sixties, you're telling me 369 00:18:33,680 --> 00:18:38,159 Speaker 2: that by caring about this, by helping them contribute when 370 00:18:38,200 --> 00:18:40,639 Speaker 2: they take career gaps, I could save a lot of 371 00:18:40,680 --> 00:18:44,000 Speaker 2: people from going through that. Why aren't more people doing 372 00:18:44,000 --> 00:18:47,600 Speaker 2: more stuff about this, That's a great question. So it 373 00:18:47,760 --> 00:18:52,480 Speaker 2: could be very worthwhile having your working partner, beck contribute 374 00:18:52,520 --> 00:18:54,600 Speaker 2: to your super while you're on that break. Yes, again 375 00:18:54,640 --> 00:18:56,800 Speaker 2: a privilege if you have a partner in that situation 376 00:18:56,880 --> 00:18:59,280 Speaker 2: and you're not a single mum. But there are lots 377 00:18:59,320 --> 00:19:01,439 Speaker 2: of things that you could plan around that if you 378 00:19:01,440 --> 00:19:04,320 Speaker 2: were a single parent, Beck, like if you're planning to 379 00:19:04,359 --> 00:19:07,480 Speaker 2: become a single parent in the future, contributing a bit 380 00:19:07,520 --> 00:19:09,639 Speaker 2: more to your super before you go on leave or 381 00:19:09,680 --> 00:19:11,840 Speaker 2: even after. There's just a lot to do, but it 382 00:19:11,880 --> 00:19:15,080 Speaker 2: could be very worthwhile looking into that. I think it's 383 00:19:15,119 --> 00:19:18,200 Speaker 2: also really worthwhile thinking about ways to upskill while you're 384 00:19:18,240 --> 00:19:21,160 Speaker 2: not working. Are you going to re enter the workplace 385 00:19:21,400 --> 00:19:24,720 Speaker 2: even more skilled than when you left it? Smart means 386 00:19:24,800 --> 00:19:25,680 Speaker 2: smart move though. 387 00:19:25,840 --> 00:19:28,399 Speaker 4: Yeah, you could just YouTube a bunch of stuff. 388 00:19:28,440 --> 00:19:31,480 Speaker 2: Yeah, And there are plenty of courses and certifications that 389 00:19:31,520 --> 00:19:33,600 Speaker 2: you can do online, even at your own pace, to 390 00:19:33,680 --> 00:19:36,399 Speaker 2: keep your skills sharp or learn something new, And this 391 00:19:36,560 --> 00:19:39,960 Speaker 2: can make you obviously a more attractive candidate when you're 392 00:19:39,960 --> 00:19:42,240 Speaker 2: ready to return to work and help aim for those 393 00:19:42,280 --> 00:19:44,720 Speaker 2: I guess promotions and pay rises in the future that 394 00:19:44,760 --> 00:19:46,080 Speaker 2: you might have missed during your break. 395 00:19:46,119 --> 00:19:47,920 Speaker 4: That's a really good idea of v And then I guess, 396 00:19:47,960 --> 00:19:49,720 Speaker 4: like you know, obviously you will be working full time 397 00:19:49,760 --> 00:19:51,560 Speaker 4: unless you have an equal parent. Hopefully they take some 398 00:19:51,640 --> 00:19:53,480 Speaker 4: of that off your hands. I mean they should go 399 00:19:53,600 --> 00:19:56,359 Speaker 4: it in like all of it's just hardbare. I totally agree. No, 400 00:19:56,480 --> 00:19:58,520 Speaker 4: look great in interviews if you're like, hey, while I was. 401 00:19:58,680 --> 00:20:00,920 Speaker 2: On leave, look what I did. I am a very 402 00:20:00,920 --> 00:20:04,680 Speaker 2: motivated person. I'm a very big believer in hiring mums. 403 00:20:04,880 --> 00:20:07,280 Speaker 2: Like I have a few mums on the team, and 404 00:20:07,359 --> 00:20:08,720 Speaker 2: I just know they're the ones that are going to 405 00:20:08,760 --> 00:20:09,480 Speaker 2: get it done back. 406 00:20:09,520 --> 00:20:11,800 Speaker 4: Oh yeah, because they've gone from working twenty four hours 407 00:20:11,840 --> 00:20:12,440 Speaker 4: a day. 408 00:20:12,720 --> 00:20:15,120 Speaker 2: Back into being like, oh, you only want thirty eight 409 00:20:15,160 --> 00:20:16,760 Speaker 2: hours from me, No worry. 410 00:20:16,560 --> 00:20:17,760 Speaker 4: Easy, easy. 411 00:20:18,040 --> 00:20:21,159 Speaker 2: Also like I just hire a working mom. I mean 412 00:20:21,160 --> 00:20:23,640 Speaker 2: I gets a recruitment strategy around hiring a working mum 413 00:20:23,680 --> 00:20:25,920 Speaker 2: and giving a work life flexibility to be able to 414 00:20:25,920 --> 00:20:28,919 Speaker 2: pick the kids up, go to school, assembly and then work. Anyway, 415 00:20:29,080 --> 00:20:31,320 Speaker 2: we could do a research piece into my business. But 416 00:20:31,480 --> 00:20:33,360 Speaker 2: that is not what we're talking about, Beck. 417 00:20:33,280 --> 00:20:35,000 Speaker 4: No, that's true. But I do want to know, like 418 00:20:35,080 --> 00:20:38,119 Speaker 4: how some ways that families can get support. Yes, so 419 00:20:38,320 --> 00:20:41,359 Speaker 4: we were talking before you could claim some So currently 420 00:20:41,440 --> 00:20:45,600 Speaker 4: in Australia, the Chugcare Subsidy or the CCS, is available 421 00:20:45,600 --> 00:20:48,520 Speaker 4: to families who have a combined income under five hundred 422 00:20:48,520 --> 00:20:50,080 Speaker 4: and thirty thousand dollars. 423 00:20:50,600 --> 00:20:53,400 Speaker 2: That's so much money. Yeah, So, like I was talking 424 00:20:53,440 --> 00:20:56,960 Speaker 2: before about, obviously an individual earning so much that you 425 00:20:57,040 --> 00:21:00,760 Speaker 2: don't get the CCS right, and then obviously weighing up 426 00:21:00,760 --> 00:21:04,159 Speaker 2: whether it's worth somebody else going back to work. Obviously 427 00:21:04,240 --> 00:21:08,280 Speaker 2: that is a very unique situation and that must be nice. 428 00:21:08,359 --> 00:21:10,440 Speaker 2: But when we're talking about this, I think we need 429 00:21:10,480 --> 00:21:12,760 Speaker 2: to check our own privilege but also kind of keep 430 00:21:12,800 --> 00:21:14,920 Speaker 2: our blinkers on it and stay in our own lane. 431 00:21:15,080 --> 00:21:17,720 Speaker 2: Like let's say that there is a case study sitting 432 00:21:17,800 --> 00:21:21,240 Speaker 2: over here and it's like George and Frankie, right, like 433 00:21:21,280 --> 00:21:24,040 Speaker 2: we've just made them up and Georgia and so much money, 434 00:21:24,119 --> 00:21:27,680 Speaker 2: and Frankie, you know, has a good job, but isn't 435 00:21:27,680 --> 00:21:30,080 Speaker 2: going to be able to claim anything. Do you think 436 00:21:30,160 --> 00:21:32,680 Speaker 2: it's fair to then say, Beck, well, that woman because 437 00:21:32,720 --> 00:21:35,760 Speaker 2: her partner earns bank and like takes home so much money, 438 00:21:36,160 --> 00:21:39,000 Speaker 2: should you know, just stay home with the kids, or 439 00:21:39,040 --> 00:21:42,080 Speaker 2: should they be spending heaps and heaps and heaps on childcare? Like, 440 00:21:42,359 --> 00:21:44,520 Speaker 2: I just don't think that women should have to have 441 00:21:44,560 --> 00:21:48,040 Speaker 2: the burden of choosing between either because it's their problem. Like, 442 00:21:48,119 --> 00:21:50,840 Speaker 2: I get the conversation. I get the privilege in earning 443 00:21:50,960 --> 00:21:54,400 Speaker 2: so much that it's like a financial conversation but also 444 00:21:54,480 --> 00:21:57,359 Speaker 2: like a work life balance conversation. But I just still, 445 00:21:57,520 --> 00:22:01,400 Speaker 2: at any income level, even if you are so financially secure, 446 00:22:01,840 --> 00:22:05,760 Speaker 2: hate the idea that women are still choosing between these 447 00:22:05,800 --> 00:22:08,679 Speaker 2: two things. Like it's the nineteen fifties, I know what 448 00:22:08,760 --> 00:22:12,119 Speaker 2: the hell Like cool, like your partner owns heaps, but 449 00:22:12,280 --> 00:22:14,359 Speaker 2: like I want to pave my own way too. I 450 00:22:14,400 --> 00:22:16,720 Speaker 2: want to feel accomplished. I want to feel like a 451 00:22:16,760 --> 00:22:20,280 Speaker 2: contributing member to this household. Like I know that it's 452 00:22:20,320 --> 00:22:22,639 Speaker 2: not just about the money, but like I want to 453 00:22:22,640 --> 00:22:24,880 Speaker 2: feel like a whole person. It's like me, right, beck 454 00:22:25,320 --> 00:22:27,879 Speaker 2: I have said before I had a baby and after 455 00:22:27,920 --> 00:22:30,680 Speaker 2: I had a I'm a working mum. Yeah I'm not 456 00:22:30,760 --> 00:22:32,439 Speaker 2: going to be that mum who is a stay at 457 00:22:32,480 --> 00:22:35,399 Speaker 2: home mum. Does that mean I'm less dedicated to my kids? 458 00:22:35,800 --> 00:22:38,399 Speaker 2: Absolutely not. But I am the best version of me 459 00:22:38,440 --> 00:22:40,720 Speaker 2: when I get to work, and I think other people 460 00:22:40,800 --> 00:22:44,080 Speaker 2: in that situation should have the privilege of choice. But 461 00:22:44,760 --> 00:22:47,520 Speaker 2: the CCS back to this, is a subsidy that the 462 00:22:47,560 --> 00:22:52,600 Speaker 2: Australian government pays directly to your childcare provider to reduce 463 00:22:52,680 --> 00:22:55,680 Speaker 2: the fees that you have to pay. So the amount 464 00:22:55,760 --> 00:22:58,480 Speaker 2: you receive really depends on your income, the number of 465 00:22:58,560 --> 00:23:00,320 Speaker 2: children that you have in care, and the age of 466 00:23:00,359 --> 00:23:03,080 Speaker 2: your children, and the type of childcare that you use 467 00:23:03,119 --> 00:23:06,840 Speaker 2: in the hours of approved activity that you undertake like 468 00:23:06,920 --> 00:23:11,440 Speaker 2: work or approved study. So there is in the CCS 469 00:23:11,480 --> 00:23:14,520 Speaker 2: an hourly rate cap that's based on your child's age 470 00:23:14,520 --> 00:23:17,200 Speaker 2: and the type of care that they are in. So, 471 00:23:17,520 --> 00:23:20,480 Speaker 2: for example, Beck, the hourly rate cap is fourteen dollars 472 00:23:20,520 --> 00:23:24,040 Speaker 2: and twenty nine cents for kids under six in center 473 00:23:24,200 --> 00:23:28,600 Speaker 2: based care. If your CCS rate is, say, for's sake, 474 00:23:28,760 --> 00:23:31,679 Speaker 2: fifty percent, and you were paying for eleven hours of 475 00:23:31,760 --> 00:23:35,720 Speaker 2: care at two hundred bucks, uh huh, so eighteen dollars 476 00:23:35,760 --> 00:23:39,720 Speaker 2: and eighteen cents per hour, you'd only get fifty percent 477 00:23:39,840 --> 00:23:43,119 Speaker 2: of the CCS on the first fourteen dollars and twenty 478 00:23:43,200 --> 00:23:45,400 Speaker 2: nine cents per hour and you'd have to pay full 479 00:23:45,400 --> 00:23:46,560 Speaker 2: fee for the rest of the time. 480 00:23:46,680 --> 00:23:52,679 Speaker 4: Why goddamn minute. I am having trouble absorbing that. So 481 00:23:53,760 --> 00:23:55,080 Speaker 4: that's ridiculous. 482 00:23:55,280 --> 00:23:58,960 Speaker 2: That is it's nice. I think it's like I'm still 483 00:23:59,000 --> 00:24:02,080 Speaker 2: paying full fees on top of that. So there's an 484 00:24:02,119 --> 00:24:04,399 Speaker 2: online calculator and I'll make sure that this is in 485 00:24:04,440 --> 00:24:05,920 Speaker 2: the show notes if you want to have a play 486 00:24:05,920 --> 00:24:08,600 Speaker 2: with it. Not you specifically, Beck, but the community who 487 00:24:08,600 --> 00:24:10,920 Speaker 2: it is relevant to. I feel like people are probably 488 00:24:10,960 --> 00:24:12,840 Speaker 2: going to think this is really pervy as well. If 489 00:24:12,880 --> 00:24:14,600 Speaker 2: you don't have kids, you're like, wait, that's how that 490 00:24:14,640 --> 00:24:15,399 Speaker 2: system works. 491 00:24:15,680 --> 00:24:17,000 Speaker 4: Yeah, But it's. 492 00:24:16,880 --> 00:24:19,560 Speaker 2: At starting Blocks dot gov dot au, which is a 493 00:24:19,560 --> 00:24:22,760 Speaker 2: government website about all things childcare, which can help you 494 00:24:22,880 --> 00:24:25,720 Speaker 2: estimate your subsidy and how much you will pay based 495 00:24:25,760 --> 00:24:30,240 Speaker 2: on specific center costs. Beck. Some proposed policy changes aim 496 00:24:30,280 --> 00:24:33,840 Speaker 2: for more affordable care, including a campaign proposing ten dollars 497 00:24:33,880 --> 00:24:37,800 Speaker 2: a day care for all Australians, but nothing's finalized yet. 498 00:24:37,960 --> 00:24:40,479 Speaker 2: And do you want my two cents? Beck? Of course, 499 00:24:41,240 --> 00:24:43,720 Speaker 2: So hold on, let's step back. So say you incur 500 00:24:43,800 --> 00:24:46,919 Speaker 2: a cost for your work, you get to claim that 501 00:24:47,000 --> 00:24:49,920 Speaker 2: on tax right. Yes, So for me to turn up 502 00:24:49,960 --> 00:24:52,680 Speaker 2: at work today, Beck, I had to put my child 503 00:24:52,840 --> 00:24:57,119 Speaker 2: into daycare. That's a work cost. Why can't I claim 504 00:24:57,280 --> 00:25:02,320 Speaker 2: childcare as a part of my work costs. It's the 505 00:25:02,400 --> 00:25:06,080 Speaker 2: cost of going to work, like my husband and I 506 00:25:06,119 --> 00:25:08,600 Speaker 2: should be able to And this is not me being greedy. 507 00:25:08,640 --> 00:25:10,600 Speaker 2: This is because this is what I want across the 508 00:25:10,640 --> 00:25:14,320 Speaker 2: whole country for everybody. Ye Like, I want you to 509 00:25:14,400 --> 00:25:18,320 Speaker 2: be able to claim your out of pocket costs, which 510 00:25:18,359 --> 00:25:22,000 Speaker 2: we just articulated to you. You're paying fifty percent. Still, 511 00:25:23,200 --> 00:25:24,879 Speaker 2: I want you to be able to claim that against 512 00:25:24,960 --> 00:25:27,280 Speaker 2: your tax return. I want you to be able to say, well, 513 00:25:27,320 --> 00:25:30,080 Speaker 2: this was a cost that I incurred in order for 514 00:25:30,119 --> 00:25:32,280 Speaker 2: me to go to work and be a productive member 515 00:25:32,320 --> 00:25:34,919 Speaker 2: of society. I should get the tax back on that 516 00:25:34,960 --> 00:25:38,840 Speaker 2: if I'm paying for something that is very work related. 517 00:25:39,040 --> 00:25:41,640 Speaker 2: I feel like this conversation needs to open up, and 518 00:25:41,720 --> 00:25:44,080 Speaker 2: hopefully in the future it becomes like one of those 519 00:25:44,080 --> 00:25:46,800 Speaker 2: conversations that we had a couple of years ago about 520 00:25:46,840 --> 00:25:50,960 Speaker 2: how we used to get taxed on tampons. Oh obnoxious, Right, 521 00:25:51,000 --> 00:25:53,040 Speaker 2: you're like, well, why are we being taxed on that? 522 00:25:53,560 --> 00:25:56,960 Speaker 4: Yes? Soon, low down, I'll be like, wow, why couldn't 523 00:25:56,960 --> 00:26:00,960 Speaker 4: we claim it. But these costs aren't taxed, as you're saying, 524 00:26:00,960 --> 00:26:03,440 Speaker 4: which is there are some other ways that people can 525 00:26:03,480 --> 00:26:07,320 Speaker 4: lower these costs. I assume yes there are. 526 00:26:07,600 --> 00:26:10,840 Speaker 2: So first I'm going to tell you something and I'm 527 00:26:10,880 --> 00:26:12,920 Speaker 2: going to sound like a broken record, but you need 528 00:26:12,960 --> 00:26:15,199 Speaker 2: to do your budget and figure out what subsidy you 529 00:26:15,240 --> 00:26:18,240 Speaker 2: are entitled to to help you make the decision that 530 00:26:18,320 --> 00:26:20,600 Speaker 2: is right for you. Then I want you to do 531 00:26:20,640 --> 00:26:24,080 Speaker 2: your research. So costs for different centers and services are 532 00:26:24,080 --> 00:26:26,920 Speaker 2: going to vary greatly within the same suburb. So as 533 00:26:26,960 --> 00:26:30,159 Speaker 2: I said before, like my cost was much of a muchness, 534 00:26:30,200 --> 00:26:33,320 Speaker 2: but they did range, Like I did go and see 535 00:26:33,359 --> 00:26:35,639 Speaker 2: a couple that I was like, okay, Like I am providing, 536 00:26:35,760 --> 00:26:38,560 Speaker 2: like you know, formula and nappiers and it's one sixty 537 00:26:38,640 --> 00:26:41,199 Speaker 2: a day. But when you calculate it all out, it 538 00:26:41,200 --> 00:26:43,880 Speaker 2: all comes out in the wash when you know, adding 539 00:26:44,040 --> 00:26:47,360 Speaker 2: things in. But we want to shop around. We want 540 00:26:47,359 --> 00:26:49,760 Speaker 2: to make sure that we know what we're paying for 541 00:26:49,960 --> 00:26:53,399 Speaker 2: and its relevance in our community. So starting blocks, the 542 00:26:53,400 --> 00:26:55,480 Speaker 2: website I mentioned earlier is going to be able to 543 00:26:55,480 --> 00:26:57,680 Speaker 2: help you with this. I also want you to weigh 544 00:26:57,760 --> 00:27:00,879 Speaker 2: up the price of childcare closer to home versus closer 545 00:27:00,880 --> 00:27:04,680 Speaker 2: to work. So if you live in the suburbs, childcare 546 00:27:04,720 --> 00:27:06,879 Speaker 2: actually might be cheaper than if you opt for an 547 00:27:06,920 --> 00:27:10,280 Speaker 2: inner city service where rent could be factored into the 548 00:27:10,320 --> 00:27:13,320 Speaker 2: price that you're paying, right, and having care close to 549 00:27:13,400 --> 00:27:16,160 Speaker 2: home instead of your work could actually be convenient too, 550 00:27:16,200 --> 00:27:18,359 Speaker 2: if you don't have to go to the office, but 551 00:27:18,400 --> 00:27:20,520 Speaker 2: you still want to put your kid into childcare during 552 00:27:20,560 --> 00:27:22,520 Speaker 2: the day. Maybe your boss is nice. Unless you work 553 00:27:22,520 --> 00:27:25,440 Speaker 2: from home, that's cover, but having a kid at home 554 00:27:25,800 --> 00:27:29,280 Speaker 2: not ideal. One of my friend's workplaces has just brought 555 00:27:29,320 --> 00:27:32,600 Speaker 2: out this entire policy back side note, and they send 556 00:27:32,600 --> 00:27:35,399 Speaker 2: out this big email that obviously I got sent screenshots 557 00:27:35,400 --> 00:27:38,160 Speaker 2: of because Tea in the friend group chat of course, 558 00:27:38,440 --> 00:27:41,119 Speaker 2: of how if you're working from home you're not allowed 559 00:27:41,119 --> 00:27:42,919 Speaker 2: to have your kids home at the same time as well. 560 00:27:42,960 --> 00:27:44,119 Speaker 2: What isn't that wild? 561 00:27:44,400 --> 00:27:45,440 Speaker 4: What the to all out? 562 00:27:45,560 --> 00:27:47,920 Speaker 2: And there's like so much backlash because I can kind 563 00:27:47,920 --> 00:27:50,840 Speaker 2: of understand that if you had a full time parent 564 00:27:50,920 --> 00:27:53,240 Speaker 2: working for you, but they were also like full time 565 00:27:53,320 --> 00:27:54,879 Speaker 2: caring for a child, you're not going to get the 566 00:27:54,920 --> 00:27:58,679 Speaker 2: dedicated hours out of them, give or take. Like there's 567 00:27:58,720 --> 00:28:01,639 Speaker 2: a very big conversation about that, but it included like 568 00:28:01,960 --> 00:28:04,480 Speaker 2: if your partner was home with the kids, they see 569 00:28:04,480 --> 00:28:07,080 Speaker 2: that as too much of a distraction. Isn't that insane? 570 00:28:07,520 --> 00:28:08,480 Speaker 4: Ridiculous? 571 00:28:08,560 --> 00:28:09,439 Speaker 2: Wouldn't work for me? 572 00:28:09,880 --> 00:28:11,159 Speaker 4: No, that's ridiculous. 573 00:28:11,320 --> 00:28:13,840 Speaker 2: If you have the option as well, Beck, you could 574 00:28:13,960 --> 00:28:16,639 Speaker 2: ask your support network. But again, that's a privilege that 575 00:28:16,840 --> 00:28:19,320 Speaker 2: so many of us in our community now don't have, 576 00:28:19,440 --> 00:28:21,679 Speaker 2: Like we just don't have the family support that we 577 00:28:21,800 --> 00:28:25,960 Speaker 2: used to have. Could a family member potentially help out, 578 00:28:26,119 --> 00:28:27,840 Speaker 2: or if you've got friends who might be able to 579 00:28:27,840 --> 00:28:30,560 Speaker 2: help out with childcare? Not everyone can do this, but 580 00:28:30,680 --> 00:28:34,320 Speaker 2: we are so lucky. I think you know when you're 581 00:28:34,359 --> 00:28:37,000 Speaker 2: just like, I'm married into it. You probably have not 582 00:28:37,119 --> 00:28:38,880 Speaker 2: had this thought because you're not married yet. But like 583 00:28:39,240 --> 00:28:42,760 Speaker 2: I remember being like one, I've messed up. I've married 584 00:28:42,760 --> 00:28:44,080 Speaker 2: into a family of runners. 585 00:28:44,480 --> 00:28:45,440 Speaker 4: Oh yeah, it's a problem. 586 00:28:45,480 --> 00:28:48,240 Speaker 2: There's a problem. Like they run for fun on holiday, 587 00:28:48,520 --> 00:28:51,680 Speaker 2: on holiday, they run, don't like any type of event 588 00:28:52,080 --> 00:28:54,600 Speaker 2: Mother's Day. Wow, we're running the Mother's Day Classic. 589 00:28:54,720 --> 00:28:56,440 Speaker 4: Sorry, we can't run a Mother's Day. 590 00:28:56,440 --> 00:29:01,080 Speaker 2: Like my sister in law, Holy moly, Boston Marathon, Like wow, 591 00:29:01,200 --> 00:29:05,840 Speaker 2: be for real, like incredible, she's training so hard but 592 00:29:05,960 --> 00:29:08,840 Speaker 2: like it's impressive, you know what, I make the pancakes 593 00:29:08,840 --> 00:29:11,120 Speaker 2: at home. But the one thing that I did marry 594 00:29:11,160 --> 00:29:15,320 Speaker 2: into was a family with great support. Like, oh my gosh, 595 00:29:15,320 --> 00:29:19,440 Speaker 2: Steve's mum. She's like, so do I get Harvey on Friday? 596 00:29:19,800 --> 00:29:22,560 Speaker 2: Like can I look after him? You let me know, 597 00:29:22,920 --> 00:29:24,840 Speaker 2: I'll drive to you and pick him up. I'm like, 598 00:29:24,960 --> 00:29:28,000 Speaker 2: you are doing the most, but that's not something that 599 00:29:28,120 --> 00:29:32,240 Speaker 2: everybody gets, right, Like that is absolutely a privilege but 600 00:29:32,560 --> 00:29:36,920 Speaker 2: worthy of sharing. But I think also you could ask yourself, beck, 601 00:29:37,320 --> 00:29:40,320 Speaker 2: is there an alternative to center based care that you 602 00:29:40,360 --> 00:29:43,239 Speaker 2: could choose, like maybe a family day care, or like 603 00:29:43,680 --> 00:29:48,080 Speaker 2: nanny sharing, or like community co ops, occasional care, or 604 00:29:48,120 --> 00:29:51,480 Speaker 2: even employer supported care. I've got a friend who has 605 00:29:51,640 --> 00:29:54,360 Speaker 2: three kids, and she found that having an O pair, 606 00:29:54,560 --> 00:29:58,520 Speaker 2: which sounds really bougie, actually worked best for them financially. 607 00:29:58,800 --> 00:30:01,320 Speaker 2: They've got a spare room in there house, and by 608 00:30:01,320 --> 00:30:04,120 Speaker 2: providing room and board, they deduct that from what they 609 00:30:04,160 --> 00:30:06,760 Speaker 2: pay their O pair, which ends up costing them like 610 00:30:06,760 --> 00:30:09,960 Speaker 2: two hundred and fifty bucks a week. Oh, before I 611 00:30:10,000 --> 00:30:12,240 Speaker 2: had a baby, I thought that like an O pair, 612 00:30:13,000 --> 00:30:16,440 Speaker 2: that's what rich people have. Yes, nanny's rich people but 613 00:30:16,600 --> 00:30:18,800 Speaker 2: like you're telling me right now that if I had 614 00:30:18,800 --> 00:30:22,440 Speaker 2: my child in full time care Monday to Friday nine 615 00:30:22,480 --> 00:30:27,280 Speaker 2: till five, it's gonna cost me fifty thousand dollars post tax. Honestly, 616 00:30:27,360 --> 00:30:29,800 Speaker 2: once I have two kids or maybe even three, like 617 00:30:30,840 --> 00:30:32,680 Speaker 2: maybe a nanny makes more sense. 618 00:30:32,920 --> 00:30:33,320 Speaker 4: Totally. 619 00:30:33,360 --> 00:30:37,760 Speaker 2: Again, a lot of financial privilege talking. But we're just 620 00:30:37,800 --> 00:30:40,560 Speaker 2: cycling through the options that are there, you know, going 621 00:30:40,600 --> 00:30:43,200 Speaker 2: back to this example of my friend that's way less 622 00:30:43,240 --> 00:30:47,240 Speaker 2: than having kids in traditional daycare, kids in traditional daycare 623 00:30:47,280 --> 00:30:51,040 Speaker 2: for her to put her kids in that daycare before 624 00:30:51,600 --> 00:30:54,120 Speaker 2: the CCS subsidy one hundred and fifty grand a year. 625 00:30:54,600 --> 00:30:56,640 Speaker 4: That's so our ready before. 626 00:30:56,480 --> 00:30:59,000 Speaker 2: Real daycare costs more than private school. 627 00:30:59,040 --> 00:31:01,120 Speaker 4: Back is outraged. 628 00:31:01,160 --> 00:31:03,840 Speaker 2: I can't deal with it. But they've also found that 629 00:31:03,880 --> 00:31:06,280 Speaker 2: with a no pair, the kids are being exposed to 630 00:31:06,360 --> 00:31:10,680 Speaker 2: less germs. I have a sniffley nose consistently now, so 631 00:31:10,720 --> 00:31:12,920 Speaker 2: they're never stuck paying for care that they don't use 632 00:31:13,040 --> 00:31:14,120 Speaker 2: when the kids are under the weather. 633 00:31:14,280 --> 00:31:17,040 Speaker 4: Well, it's yeah, all those little things about. 634 00:31:17,080 --> 00:31:19,240 Speaker 2: Another thing I want you to do as well is 635 00:31:19,360 --> 00:31:22,160 Speaker 2: check with your employer. Will they allow some flexibility in 636 00:31:22,200 --> 00:31:24,160 Speaker 2: the days and hours that you work to help juggle 637 00:31:24,200 --> 00:31:26,560 Speaker 2: your kids a bit better. Can you say, maybe work 638 00:31:26,600 --> 00:31:28,960 Speaker 2: from home or have like adjusted work hours so you 639 00:31:28,960 --> 00:31:31,959 Speaker 2: can do daycare pickup next When you have made your 640 00:31:31,960 --> 00:31:34,000 Speaker 2: decision and you're like, you know what daycares for me? 641 00:31:34,960 --> 00:31:38,840 Speaker 2: Put your child's name down early, Beck, Oh my god, 642 00:31:39,440 --> 00:31:43,480 Speaker 2: I did not realize the wait list, so I put 643 00:31:43,520 --> 00:31:49,080 Speaker 2: Halvey's name down when I was twenty weeks pregnant. Twenty 644 00:31:49,120 --> 00:31:54,320 Speaker 2: week's pregnant. Great. We got a text in July saying, hey, 645 00:31:54,480 --> 00:31:58,200 Speaker 2: there's going to be a spot in August. It was 646 00:31:58,360 --> 00:31:59,600 Speaker 2: six months old. 647 00:32:00,000 --> 00:32:01,720 Speaker 4: Oh my god, that's hectic. 648 00:32:02,080 --> 00:32:05,600 Speaker 2: Be for real, Like that took almost a year to 649 00:32:05,680 --> 00:32:08,440 Speaker 2: get him into daycare and he didn't even exist yet. Like, 650 00:32:08,760 --> 00:32:11,320 Speaker 2: I didn't know what gender we were having him. We 651 00:32:11,360 --> 00:32:14,120 Speaker 2: didn't even have a name. Baby Divine was down on 652 00:32:14,160 --> 00:32:17,960 Speaker 2: the weight list. Be for real, But put your kid's 653 00:32:18,040 --> 00:32:20,880 Speaker 2: name down early. In a lot of this country, childcare 654 00:32:20,920 --> 00:32:23,840 Speaker 2: centers have weight lists, so having your child's name on 655 00:32:23,880 --> 00:32:26,720 Speaker 2: a few lists earlier can mean a bit more flexibility. 656 00:32:26,760 --> 00:32:29,840 Speaker 2: To choose a daycare that suits your lifestyle and your budget, 657 00:32:30,280 --> 00:32:33,000 Speaker 2: and then read the fine print for a childcare service 658 00:32:33,040 --> 00:32:35,360 Speaker 2: before you sign up and know the terms and conditions. 659 00:32:35,400 --> 00:32:38,320 Speaker 2: Including any fees and any charges that might apply if 660 00:32:38,360 --> 00:32:42,720 Speaker 2: you need to cancel good call and then money. Obviously, 661 00:32:42,880 --> 00:32:46,840 Speaker 2: don't forget your sendling CCS forms. Get them in as 662 00:32:46,880 --> 00:32:50,040 Speaker 2: early as possible. You're not going to believe this, Beck, 663 00:32:50,160 --> 00:32:53,760 Speaker 2: I have heard horror stories of families having to pay 664 00:32:54,000 --> 00:32:57,240 Speaker 2: the full childcare fees out of pocket while they're waiting 665 00:32:57,280 --> 00:32:59,640 Speaker 2: for their claims to be approved. No back pay, No 666 00:32:59,720 --> 00:33:02,479 Speaker 2: back pay because it goes to the childcare center. So 667 00:33:02,640 --> 00:33:05,200 Speaker 2: remember how I said, oh wait when we were talking 668 00:33:05,240 --> 00:33:08,000 Speaker 2: about how the CCS gets paid to the childcare center. 669 00:33:08,240 --> 00:33:10,760 Speaker 2: If you're not approved, the childcare center is going to 670 00:33:10,800 --> 00:33:14,600 Speaker 2: invoice you personally, Beck, and you have to pay in full. 671 00:33:14,640 --> 00:33:16,920 Speaker 2: And then when the childcare center gets paid, they're like, 672 00:33:17,040 --> 00:33:20,080 Speaker 2: no worries, We've put this credit on your account because 673 00:33:20,080 --> 00:33:22,200 Speaker 2: they can't give you the cash right now. You might 674 00:33:22,240 --> 00:33:25,440 Speaker 2: have a credit, but you've had to pay full. I 675 00:33:25,560 --> 00:33:29,760 Speaker 2: see exactly. So make sure that you're getting those forms 676 00:33:29,800 --> 00:33:32,680 Speaker 2: in a SAP, and when the back pay finally does 677 00:33:32,760 --> 00:33:34,960 Speaker 2: come through, do a bit of a budget so that 678 00:33:35,000 --> 00:33:37,680 Speaker 2: you don't end up in that situation again, but also 679 00:33:37,800 --> 00:33:41,480 Speaker 2: so that you don't feel as stung like it's stressful 680 00:33:41,520 --> 00:33:43,880 Speaker 2: and I think it's really important to be aware of that, 681 00:33:44,640 --> 00:33:48,520 Speaker 2: and not for you, but like hypothetically speaking, you didn't 682 00:33:48,520 --> 00:33:51,920 Speaker 2: hear this from me. But if your claim's taking too long, 683 00:33:52,400 --> 00:33:56,400 Speaker 2: I have heard on the grape line that you call them, 684 00:33:56,720 --> 00:33:59,840 Speaker 2: you asked to speak to the complaints line, and it 685 00:33:59,840 --> 00:34:05,160 Speaker 2: can speed things up. So sometimes in that situation, I 686 00:34:05,200 --> 00:34:09,040 Speaker 2: have heard of people getting approval the next day. Sometimes 687 00:34:09,040 --> 00:34:13,360 Speaker 2: it does literally pay out to complain. We're not going 688 00:34:13,440 --> 00:34:14,960 Speaker 2: to get on the phone and they do it or 689 00:34:15,040 --> 00:34:17,600 Speaker 2: threaten or do anything. We're just gonna hollo kind. So 690 00:34:17,800 --> 00:34:20,040 Speaker 2: I would really like to talk to your complaints line 691 00:34:20,040 --> 00:34:24,480 Speaker 2: and what a coincidence it got escalated. And if you're 692 00:34:24,520 --> 00:34:28,040 Speaker 2: financially struggling, be sure to mention it, because they might 693 00:34:28,040 --> 00:34:30,160 Speaker 2: be able to push your claim through even faster if 694 00:34:30,200 --> 00:34:34,239 Speaker 2: you're experiencing financial hardship, which is obviously especially right now, 695 00:34:34,719 --> 00:34:38,640 Speaker 2: taken really seriously, honestly from my experience, if you call 696 00:34:38,800 --> 00:34:41,520 Speaker 2: first thing in the morning or like right before they close, 697 00:34:41,760 --> 00:34:46,480 Speaker 2: they answer pretty quick. Right before they close. Everybody is 698 00:34:46,520 --> 00:34:49,440 Speaker 2: on yeah you know what. I actually don't call places 699 00:34:49,480 --> 00:34:52,240 Speaker 2: if I'm like, oh it's like four fifty nah. 700 00:34:52,760 --> 00:34:55,080 Speaker 4: Yeah, no one's calling it four fifty if they close 701 00:34:55,120 --> 00:34:55,759 Speaker 4: it five. 702 00:34:56,000 --> 00:34:58,880 Speaker 2: Or it's like you're sneaky, but be really nice. We 703 00:34:58,920 --> 00:35:01,279 Speaker 2: can make this really quick, but like we need to 704 00:35:01,280 --> 00:35:04,640 Speaker 2: get paid, so so do we do? Like sorry, but 705 00:35:04,719 --> 00:35:07,319 Speaker 2: also not sorry. Fix the system. Don't hate the player. 706 00:35:07,320 --> 00:35:10,759 Speaker 2: I hate the game exactly exactly, all right, Well, that 707 00:35:10,880 --> 00:35:13,399 Speaker 2: is a very good tip. And look, we know how 708 00:35:13,440 --> 00:35:16,600 Speaker 2: tough navigating childcare costs can be. It's not easy, and 709 00:35:16,800 --> 00:35:18,399 Speaker 2: at the end of the day, there's actually no one 710 00:35:18,520 --> 00:35:21,360 Speaker 2: size fits all approach. I wish there was. But with 711 00:35:21,480 --> 00:35:24,120 Speaker 2: good information, I hope that it can become a little 712 00:35:24,120 --> 00:35:26,279 Speaker 2: bit more manageable for you and you can feel a 713 00:35:26,280 --> 00:35:29,560 Speaker 2: little bit more empowered. And hopefully by me sharing what 714 00:35:29,680 --> 00:35:31,640 Speaker 2: I'm up to, it doesn't necessarily mean you have to 715 00:35:31,680 --> 00:35:34,520 Speaker 2: do it. But beck I've had so many messages from 716 00:35:34,560 --> 00:35:37,920 Speaker 2: mums being like, thank you for talking about putting your 717 00:35:38,000 --> 00:35:41,360 Speaker 2: kid in daycare early, Like I felt so judged, you know, 718 00:35:41,480 --> 00:35:43,640 Speaker 2: I felt like it was a bad mum. Or I 719 00:35:43,680 --> 00:35:45,520 Speaker 2: felt like, you know, I was doing the wrong thing 720 00:35:45,560 --> 00:35:48,800 Speaker 2: for my kid. Like if that is, you just know 721 00:35:49,680 --> 00:35:52,879 Speaker 2: I love it. Harvey loves it. He has the best time. 722 00:35:52,920 --> 00:35:53,120 Speaker 1: Beck. 723 00:35:53,200 --> 00:35:55,680 Speaker 2: I dropped him off to daycare this morning. He is 724 00:35:55,719 --> 00:35:57,960 Speaker 2: six months old, so like he lights up when he 725 00:35:58,000 --> 00:36:03,120 Speaker 2: sees faces sometimes his care and he just went, that's 726 00:36:03,200 --> 00:36:07,719 Speaker 2: my friend. He immediately was like, oh, I'm here, I'm 727 00:36:07,719 --> 00:36:10,239 Speaker 2: gonna have a good day. Like I just know that 728 00:36:10,360 --> 00:36:13,440 Speaker 2: he's probably getting more stimulation than I could give him 729 00:36:13,480 --> 00:36:16,600 Speaker 2: at home. And like then when we get home, I 730 00:36:16,600 --> 00:36:18,759 Speaker 2: know we can't talk back yet, he's only six months old, 731 00:36:18,760 --> 00:36:20,640 Speaker 2: but I tell him all about my day and I 732 00:36:20,680 --> 00:36:23,640 Speaker 2: ask him about his day, and I just feel like 733 00:36:24,120 --> 00:36:26,000 Speaker 2: this is going to really work for us. And I 734 00:36:26,000 --> 00:36:28,480 Speaker 2: feel like there's so much judgment in this space. 735 00:36:28,560 --> 00:36:30,600 Speaker 4: My god, moms really copy it, I know, but. 736 00:36:30,560 --> 00:36:32,400 Speaker 2: We're all just doing the best that we can. Like 737 00:36:32,480 --> 00:36:35,520 Speaker 2: we're just all out here doing the best for our family, 738 00:36:35,560 --> 00:36:39,760 Speaker 2: the best for our community, and trying to also support ourselves. 739 00:36:39,760 --> 00:36:42,879 Speaker 2: Were always told, oh, you can't pull from an empty cup, 740 00:36:42,920 --> 00:36:44,680 Speaker 2: and then when I say that I'm filling my cup up, 741 00:36:44,719 --> 00:36:45,560 Speaker 2: You're like, don't do that. 742 00:36:45,719 --> 00:36:48,200 Speaker 4: I know. I feel like if a mom's not emotionally 743 00:36:48,280 --> 00:36:52,719 Speaker 4: or physically abusing a child, let them be, let them do. 744 00:36:54,440 --> 00:36:57,239 Speaker 2: If your kid's happy, slagh, they trying to do the best. Also, 745 00:36:57,320 --> 00:37:01,879 Speaker 2: I call this like small steps of micro feminism. Next 746 00:37:01,880 --> 00:37:03,480 Speaker 2: time you run into a dad and they're like not 747 00:37:03,520 --> 00:37:05,680 Speaker 2: with their kids? Be like, who's looking after the kids 748 00:37:05,680 --> 00:37:06,800 Speaker 2: and just see them squirm. 749 00:37:06,960 --> 00:37:09,000 Speaker 4: Yeah really fine, Yes, great idea. 750 00:37:09,200 --> 00:37:11,280 Speaker 2: All right, Well, have a good day, guys. We will 751 00:37:11,320 --> 00:37:13,560 Speaker 2: see you next week. I hope that this has been 752 00:37:13,719 --> 00:37:14,800 Speaker 2: an enlightening. 753 00:37:14,480 --> 00:37:16,200 Speaker 4: Chat, certainly for me. Who do you? 754 00:37:16,640 --> 00:37:17,440 Speaker 2: Absolutely do you. 755 00:37:17,560 --> 00:37:19,080 Speaker 4: We support you. You're doing a great job. 756 00:37:19,200 --> 00:37:19,600 Speaker 1: You are. 757 00:37:19,880 --> 00:37:20,880 Speaker 2: Have a good week, guys. 758 00:37:20,920 --> 00:37:21,440 Speaker 4: Hi, guys. 759 00:37:27,200 --> 00:37:29,760 Speaker 5: The advice shared on She's on the Money is general 760 00:37:29,800 --> 00:37:33,040 Speaker 5: in nature and does not consider your individual circumstances. 761 00:37:33,400 --> 00:37:35,480 Speaker 2: She's on the Money exists purely for. 762 00:37:35,560 --> 00:37:38,440 Speaker 5: Educational purposes and should not be relied upon to make 763 00:37:38,480 --> 00:37:40,360 Speaker 5: an investment or financial decision. 764 00:37:40,760 --> 00:37:43,360 Speaker 2: If you do choose to buy a financial product, read. 765 00:37:43,239 --> 00:37:46,560 Speaker 5: The PDS TMD and obtain appropriate financial. 766 00:37:46,160 --> 00:37:47,960 Speaker 2: Advice tailored towards your needs. 767 00:37:48,320 --> 00:37:52,240 Speaker 5: Victoria Divine and She's on the Money are authorized representatives 768 00:37:52,280 --> 00:37:56,160 Speaker 5: of Money Shoper Pty Ltd ABN three two one is 769 00:37:56,200 --> 00:38:00,160 Speaker 5: six four nine two seven seven zero eight AFSL FUR 770 00:38:00,200 --> 00:38:12,000 Speaker 5: five one two eight nine mm hmm