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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it. She's on the Money. She's on

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Speaker 2: the Money. Hello, and welcome to She's on Them, the

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Speaker 2: podcast of millennials who want financial freedom. Welcome back to

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Speaker 2: another one of our moneydarries where I get the absolute

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Speaker 2: pleasure of sitting down with one of our incredible She's

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Speaker 2: on the Money community members and learning all about their journey.

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Speaker 2: Let's jump straight into it, because this week I got

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Speaker 2: a message and it went like this, Hi V I've

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Speaker 2: gone from living in government housing and moving twenty plus

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Speaker 2: times before the age of fifteen to owning my home

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Speaker 2: and business. I'd love to talk more about my story

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Speaker 2: of breaking the cycle of financial instability I grew up

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Speaker 2: with and building a more stable future. Ah, money, Doris,

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Speaker 2: So I want to talk about that too. That's so cool.

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Speaker 3: Yes, I'm pretty proud.

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Speaker 4: It's been a journey, but yeah, I'm very proud of us.

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Speaker 3: Life that we've created.

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Speaker 2: Does sound like a journey, like it sounds like a

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Speaker 2: very hard journey, because like it doesn't sound like and

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Speaker 2: I'm assuming here that there was probably not a lot

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Speaker 2: of support on the flip side is obviously coming from

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Speaker 2: government housing. You don't have the role models that you

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Speaker 2: probably have become for your own kids, which is very

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Speaker 2: very cool. Yes, let's jump into it though, because I'm

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Speaker 2: very excited about this. As always, I start the episode

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Speaker 2: with the same question and people are probably bored of it,

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Speaker 2: but there is a purpose to it. Money Diarist, what

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Speaker 2: grade would you give your money habits if I asked

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Speaker 2: you to grade them from an eight through to an F.

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Speaker 4: I have tried to put some thought into this, and

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Speaker 4: I think I would give myself a B minus at

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Speaker 4: the moment.

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Speaker 2: Be minus. Yeah, your story tells me you're an A plus,

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Speaker 2: so I probably have to argue later.

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Speaker 3: A few years ago, it probably would have been a

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Speaker 3: bit lower.

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Speaker 4: But we've worked hard and I've got some really good

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Speaker 4: role models now, and I've worked hard to get where

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Speaker 4: I am with my job, and we've got some things

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Speaker 4: lined up for the future, so we know where we

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Speaker 4: want to be.

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Speaker 3: It's just taking some time.

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Speaker 2: That's very exciting, all right, money Diaris next question is

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Speaker 2: also my favorite. Can you dive in and tell me

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Speaker 2: a little bit more about your money story?

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Speaker 3: I can so.

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Speaker 4: Yeah.

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Speaker 3: I guess we had an interesting upbringing.

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Speaker 4: I was born and raised sort of in Melbourne, but

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Speaker 4: relocated to Queensland when I was really young, and then

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Speaker 4: ever since then it was probably moving every.

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Speaker 3: Three to six months. We moved houses my mom and

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Speaker 3: my stepdad.

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Speaker 4: There was no yeah, no stability, changing jobs really frequently.

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Speaker 4: When we moved up, I was under ten years old.

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Speaker 4: I didn't really grasp what was going on behind the scenes,

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Speaker 4: but obviously as I grew up I could tell that

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Speaker 4: they just couldn't manage their finances themselves and that just

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Speaker 4: continued on for Yeah. I think I ended up moving

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Speaker 4: out of home when I was about sixteen, So from

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Speaker 4: the ages of yeah, six or sixteen, we just moved

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Speaker 4: every few months. I think as long as we were

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Speaker 4: in a home was probably eight or nine months. And yeah,

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Speaker 4: like I said, as I grew up, I just knew

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Speaker 4: that I wanted to break that cycle. I didn't want

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Speaker 4: that from my future and my kids when it came time,

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Speaker 4: so I just worked really hard. My mum and my

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Speaker 4: stepdad had purchased a business that they just didn't have

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Speaker 4: any idea how to run properly, so of course that

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Speaker 4: ended happened bankruptcy. And yeah, I could sense there was

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Speaker 4: stuff going on behind the scenes, but I didn't know

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Speaker 4: as much as I do now. So yeah, I think

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Speaker 4: it's shaped me into who I am today. And I

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Speaker 4: weirdly am thankful for those experiences because it has just

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Speaker 4: shown me how I don't want to be as brutals

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Speaker 4: as that might sound. But it's been a blessing in

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Speaker 4: disguise because it's shown me how hard I can work

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Speaker 4: and what I can prove that I can do.

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Speaker 2: It's epic. I love when people are using their stories

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Speaker 2: and actually like growing from them because I think it's

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Speaker 2: so easy to fall into such a similar cycle. Right,

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Speaker 2: It's been role modeled for you, so it makes sense.

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Speaker 2: And I think a lot of the time, if those

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Speaker 2: are the role models that you've been shown. You just

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Speaker 2: assume that's how life works, and you often find that

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Speaker 2: and you know, this isn't me stereotyping, it's just kind

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Speaker 2: of the way it is. It's why there's always like

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Speaker 2: a debt cycle, or a trauma cycle, or even an

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Speaker 2: abuse I call in a family like it goes from

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Speaker 2: generation to generation because you literally just learn from the

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Speaker 2: things that are around you that this is acceptable, this

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Speaker 2: is what happens, this is how it is. Like what

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Speaker 2: you could have learned from that is that business is

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Speaker 2: really scary. You will go bankrupt. It will, you know,

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Speaker 2: consume you and be awful. But that's clearly not what

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Speaker 2: you've taken from it. And I just I get so

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Speaker 2: excited talking to people with this mindset of growth over

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Speaker 2: you know, just status quo and go, well, where did

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Speaker 2: you get that? Because like, your parents clearly didn't teach

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Speaker 2: you that, Like, no, it's wild.

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Speaker 3: Yeah.

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Speaker 4: I think I have my brother to thank for that.

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Speaker 4: He's about seven years older than I am, and he

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Speaker 4: was the first one to kind of be like, no,

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Speaker 4: this isn't going to be my life. So he went

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Speaker 4: off and he worked away. He still works tying flyout.

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Speaker 4: So I'm really close with him and my sister in Laura,

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Speaker 4: and I've got n for nephews, and we're just we

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Speaker 4: often talk about the way that our parts could have gone,

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Speaker 4: and it's we're both just turned it around and it's

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Speaker 4: gone the other way. So I adore that Mum's no

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Speaker 4: longer here with us, but I know that she'd be

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Speaker 4: super proud regardless of what she went through.

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Speaker 2: Yeah, of course she'd be super proud. Like I feel

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Speaker 2: like when you reflect on it, and you know, talk

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Speaker 2: to people who grew up in that circumstance, they always

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Speaker 2: want better for their kids, and they always want their

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Speaker 2: kids to like thrive and flourish. And she's got that, Like,

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Speaker 2: how good is that? That's illeed? All right? Well, next

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Speaker 2: question I've got is I want to know. You told

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Speaker 2: us you have a business, So let's dive in. What

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Speaker 2: do you do for work? How much money do you earn?

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Speaker 4: So I work in human resources. I finished school. I

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Speaker 4: took a few years to decide what I wanted to do.

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Speaker 4: I went to UNI and child a degree that it

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Speaker 4: wasn't for me. So then I went off traveling for

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Speaker 4: a year and I came back and I had a

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Speaker 4: real good think about it and In that time, I'd

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Speaker 4: met my partner and he was studying as well, so

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Speaker 4: I kind of really had a good think about what

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Speaker 4: my interests were landed at human resources and I smashed

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Speaker 4: out my degree and before that was finished, I actually

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Speaker 4: managed to secure the job that I'm in now. So

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Speaker 4: that was my first sort of HR gig as an administrator,

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Speaker 4: just at a local resort here. And yeah, I'm still

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Speaker 4: there today, nearly five years on. Just been working my

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Speaker 4: way through. We've got a small team at a big

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Speaker 4: employee base, so it's taught me a lot.

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Speaker 3: But currently I'm on seventy k plus.

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Speaker 2: Super very nice.

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Speaker 3: Yeah, so I guess I'm just going to keep chipping

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Speaker 3: away at that.

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Speaker 2: And yeah, excarty elite. So you've got a full time

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Speaker 2: HR job and a side hustle. You said, do you

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Speaker 2: have your own business? You're going to have to tell

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Speaker 2: us all about that, what's that look like and how

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Speaker 2: does that work?

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Speaker 4: So I started that when I was on maternity leave

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Speaker 4: with my son a few years ago. So it's a

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Speaker 4: bit of a candles and home fragrance. It was just

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Speaker 4: a hobby that I picked up has something to do

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Speaker 4: in my time at home when I wasn't mumming and

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Speaker 4: it was great.

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Speaker 3: I just fell in love with it because it gave.

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Speaker 4: Me that sort of creative outlet and just something I

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Speaker 4: could do for myself. And then I just kept at it,

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Speaker 4: kept at it, and everyone was loving them.

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Speaker 3: So I thought, why not turn this into a little

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Speaker 3: bit of a side hustle.

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Speaker 4: So, yeah, that's kind of grown a little bit from there,

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Speaker 4: and I wanted to set it up in a way

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Speaker 4: that I could when I wanted to commit some more

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Speaker 4: time to what I could.

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Speaker 3: But obviously I knew that I would return to my full.

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Speaker 4: Time job after my leave was up, so I just

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Speaker 4: let it kind of simmer in the background and I

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Speaker 4: do it ad hoc. But now that I'm on maternity

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Speaker 4: leave with my second as well, I've been able to

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Speaker 4: give it some real love and watch it grow again,

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Speaker 4: which has been super exciting. But it is just something

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Speaker 4: I do slowly. You know, I've got two kids, so

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Speaker 4: it's a big ask to get it all done.

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Speaker 2: It's more of a side hustle at this point. It

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Speaker 2: is how much income would it bring in?

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Speaker 4: I think probably it sits around you know, probably about

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Speaker 4: six or seven k annually at the moment.

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Speaker 2: Hey, that's very nice.

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Speaker 4: Yeah, so it's something It helps, Definitely, it helps, and

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Speaker 4: I am just doing it at the moment just because

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Speaker 4: I love it. And like I said, it gives me

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Speaker 4: that creative space away from the kids, not at work,

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Speaker 4: to just have something for me.

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Speaker 2: No, I love it. I love talking about this because

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Speaker 2: I think so many times when you like speak to

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Speaker 2: people who don't have side hustles or businesses, there's this

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Speaker 2: massive assumption that to start a business or start a

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Speaker 2: side hustle means you have to like go all in

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Speaker 2: and you have to replace your full time income and

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Speaker 2: that's what you're looking for. And the reality is you

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Speaker 2: don't have to do that. What you can do is

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Speaker 2: just like a little side hustle that nourishes you and

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Speaker 2: keeps you busy and gives you something to do while

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Speaker 2: the kids are sleeping if your mind won't sit still.

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Speaker 2: And six or seven K a year, Like, girl, that's

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Speaker 2: a lot of money. Like you could put that towards

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Speaker 2: a mortgage, you could put that towards savings, you could

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Speaker 2: go on an extra holiday. Like, there's just so much

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Speaker 2: financial freedom that that money brings in addition that you

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Speaker 2: just go that makes sense. I love it. Yeah, how

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Speaker 2: exciting So talk to me about your big money goals.

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Speaker 2: What are you guys currently working towards.

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Speaker 4: Ah, well, our biggest money goal at the moment is

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Speaker 4: we're getting married just under twelve weeks.

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Speaker 2: Oh congrats.

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Speaker 4: So that's kind of where everything's going at the moment,

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Speaker 4: which is so fine because as much as we're wanting

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Speaker 4: to keep it low key, we still want to enjoy

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Speaker 4: ourselves and enjoy our day.

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Speaker 3: But it's things add up very quick.

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Speaker 2: It's terrifying, isn't it. Like all the last minute stuff

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Speaker 2: in the last twelve weeks you're like, oh and I

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Speaker 2: don't have, Oh and I don't have It's so annoying.

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Speaker 3: Yeah, yeah it is.

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Speaker 4: So I've done my best, but it's still a big

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Speaker 4: money item. So I think once that's out of the way,

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Speaker 4: we haven't sort of planned to go away anywhere, So

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Speaker 4: I'd like to do that for ourselves. But I guess

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Speaker 4: we own our home, but it probably in the next

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Speaker 4: couple of years we're in two minds of whether we

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Speaker 4: sell this space and get something new or we keep

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Speaker 4: their since of investments. So I think that's our next

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Speaker 4: big one and just setting up ourselves a little bit

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Speaker 4: better in terms of investing for ourselves and our kids.

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Speaker 4: So a few things, and it's a bit tricky to

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Speaker 4: just focus on one because I'm I'm a person who

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Speaker 4: likes to do it all at once, which can just

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Speaker 4: get a bit too much.

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Speaker 2: Totally. Yeah, can I be real pervy about your wedding.

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Speaker 2: I want to know, did you set a budget at

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Speaker 2: the start? If so, how's that tracking?

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Speaker 4: I set a budget of fifteen thous it Yep, Like

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Speaker 4: I said, I've done my best. I've sourced what I

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Speaker 4: can secondhand and on Facebook Marketplace, which has been a lifesaver.

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Speaker 4: And even the venue we used is relatively new, so

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Speaker 4: they were about a quarter of the price of.

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Speaker 3: What places are. Oh co I'm located.

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Speaker 4: Yeah, so did that well? But it's yeah, it's all

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Speaker 4: the little things. We're probably up over the twenty k

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Speaker 4: at the moment, so yeah, but we're just trying to

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Speaker 4: rain it right in in these last few weeks. I'm

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Speaker 4: trying to really just focus on other days about and

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Speaker 4: not all of the extra little.

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Speaker 2: Thing money drist I need to ask about your twenty

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Speaker 2: thousand dollars budget. We've gone a little bit over, but

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Speaker 2: before then, you do have a five month old sitting

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Speaker 2: on your lap, so if anyone is listening along and

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Speaker 2: can hear someone joining in the conversation. She looks very

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Speaker 2: very cute, Like she's very cute, she's very animated, and

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Speaker 2: I like her contributions. I'm not sure if I understand

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Speaker 2: them yet, but you can come on the show when

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Speaker 2: you're a bit old. Agreed, agreed, but tell me a

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Speaker 2: bit more. I'm so pervy about weddings because, like I

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Speaker 2: obviously had one, loved the process. How did you go

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Speaker 2: from fifteen to twenty? Like was that something where you're like,

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Speaker 2: oh my gosh, we completely forgot to allocate ABC or

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Speaker 2: D or is it like decisions that you're like, we

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Speaker 2: assumed that the venue would be you know, X, and

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Speaker 2: it was actually why.

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Speaker 3: Yeah, it was more the latter.

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Speaker 4: I think it's just that old story of when you

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Speaker 4: say that it's for a.

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Speaker 2: Wedding, it's terrifying, isn't it.

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Speaker 4: Yeah, it's just we kind of assumed that things would

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Speaker 4: cost it at a mountain.

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Speaker 3: They've come back it nearly double what we thought. But

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Speaker 3: it's all things that.

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Speaker 4: You know, we kind of need, like the music in

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Speaker 4: the food. Yeah, it's not all of the extras, all

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Speaker 4: of the extra stuff. I've just rained it right in.

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Speaker 4: So I think my partner looks at it and he's like,

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Speaker 4: what are we doing? But I show him what we're actually,

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Speaker 4: you know, sending the money on and he gets it.

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Speaker 2: Yeah.

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Speaker 4: Yeah, and we're both in a sign nindset like we

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Speaker 4: still want to enjoy our day.

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Speaker 3: It does sting a bit knowing how much money.

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Speaker 4: Is going into it, but we're just going to push

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Speaker 4: through and just have a bet day.

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Speaker 2: I love it, And the same thing happened with us,

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Speaker 2: Like I was just consistently shocked at how much things cost.

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Speaker 2: And you know, it's fine because I think once you're

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Speaker 2: on the same page with your partner and you're like, no,

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Speaker 2: we both really want this, Like let's just take it

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Speaker 2: step by step. It's okay. But I think it's one

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Speaker 2: of those things that when you're planning a wedding, you're like, oh,

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Speaker 2: it just feels like blow after blow.

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Speaker 4: Yeah, especially when you do we did want to keep

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Speaker 4: it low cost, but then, like I said, like as

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Speaker 4: soon as you start reaching out to people saying, you know,

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Speaker 4: we've got a wedding coming up, it's yeah, things just

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Speaker 4: add up so fast.

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Speaker 2: I mean, at the end of the day, twenty grand

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Speaker 2: on a wedding is literally a third of what the

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Speaker 2: average Australian wedding costs. So you're not doing too badly.

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Speaker 2: Let's go to a really quick break on the flip side,

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Speaker 2: I want to ask you so many more questions about

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Speaker 2: investments and habits and whether you're in debt. So guys

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Speaker 2: don't go anywhere, all right, money direst we are back

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Speaker 2: and first cap of K I want to know do

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Speaker 2: you invest? If so, how, if not, what's the plan?

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Speaker 3: So, thanks to She's on the money, I have.

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Speaker 4: Actually I didn't even really know anything about it until

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Speaker 4: about six months ago. Probably I'd heard obviously about it,

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Speaker 4: but didn't know enough to feel comfortable. And then just

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Speaker 4: from taking in as much content ada, so I came

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Speaker 4: from the podcast. I've just started doing the micro investing

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Speaker 4: as a beginning sort.

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Speaker 3: Of step to get the knowledge set.

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Speaker 4: Yeah, just to kind of get myself familiar with the process.

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Speaker 4: My partner's across it more. But yeah, I feel like

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Speaker 4: if I needed to be comfortable to make sort of

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Speaker 4: the big step into it, that I needed to understand.

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Speaker 3: The process and what goes in.

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Speaker 4: So I started that and just it's really interesting just

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Speaker 4: seeing I'm a log on and kind of see, and

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Speaker 4: it's I think it's a great first step for me

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Speaker 4: to take.

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Speaker 3: And I'm really enjoying the platform that I'm using. So

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Speaker 3: it's good.

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Speaker 2: I love it. How good is that?

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Speaker 3: All? Right?

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Speaker 2: Jumping into debts? You own your own house, so I'm

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Speaker 2: assuming there is a mortgage hiding somewhere there. But tell

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Speaker 2: me all about debt. Is that your only debt? If so,

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Speaker 2: so what is it? Tell me the juicy details.

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Speaker 4: Yes, we've got the mortgage. I think at the moment

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Speaker 4: it's at about four twenty. We were really quite fortunate.

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Speaker 4: We managed to fix our interest rate just before COVID,

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Speaker 4: so the interest rates were really really low, locked it

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Speaker 4: in under two.

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Speaker 2: Percent, so unrelatable. Mine's currently sitting at leg six and

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Speaker 2: a half and I literally look at it and go,

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Speaker 2: how did we get here?

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Speaker 4: Yeah, so I don't know that was just a stroke

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Speaker 4: of luck or I'm not sure, but locked that in

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Speaker 4: for five years.

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Speaker 3: So we're happy with that.

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Speaker 2: Oh, very nice.

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Speaker 4: Yes, especially that's taken us through the two maternity leaves.

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Speaker 4: So that's been a big help just knowing this said

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Speaker 4: amount that's going to be paid each fortnite.

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Speaker 3: So that's our biggest one I own my car.

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Speaker 4: However, my partner actually has a novated lease arrangement on

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Speaker 4: his car, which again it was something I didn't know

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Speaker 4: much about. But yeah, our situation at the time, it

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Speaker 4: was kind of what made the most sense with us,

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Speaker 4: and his work was willing to take that.

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Speaker 3: On with him.

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Speaker 2: Cool.

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Speaker 3: So that's higher than I'd like it to be.

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Speaker 4: It's at about forty k so, but yeah, it works

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Speaker 4: the way that he's got.

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Speaker 3: It set up with.

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Speaker 4: I guess the NEVATD lease arrangement, it's a big chance

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Speaker 4: that is paid, but I guess it's what we had

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Speaker 4: to do at the time, so I'm just letting it

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Speaker 4: do its thing. But apart from that, we don't have

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Speaker 4: any credit cards. We only use after pay as kind

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Speaker 4: of like a cash flow tool. It's never blown out

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Speaker 4: out of sort of the budget. But yeah, apart from that,

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Speaker 4: we're pretty on track.

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Speaker 2: Very cool. What kind of things are you putting on

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Speaker 2: after pay? Because I'm not one of those people that

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Speaker 2: could be trusted with after pay. You quite clearly are,

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Speaker 2: and that's fine, But I want to know, is it

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Speaker 2: like clothes and shoes or is it like, oh, they're

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Speaker 2: the big ticket baby item, So like what does your

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Speaker 2: after pay usage look like it.

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Speaker 3: Kind of changes every so often.

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Speaker 4: We've got a couple of big dogs that you know,

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Speaker 4: require their monthly big food order, so we kind of

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Speaker 4: put that on and budget it into our sort of

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Speaker 4: cash flow process, and that's like a pretty regular one,

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Speaker 4: just to break it down that sort of upfront cost

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Speaker 4: at the I mean, it's been a few wedding things,

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Speaker 4: but I do have a wedding sort of account, and

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Speaker 4: it's just that we're paying into each fortnite so it

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00:17:06,480 --> 00:17:08,680
Speaker 4: just assists us with that sort of Yet, like I said,

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Speaker 4: that cash flow of if I needed it, sort of,

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Speaker 4: I don't know now because the wedding's coming up.

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Speaker 3: It just allows me to kind of work it that way.

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Speaker 3: But we're good with it.

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Speaker 4: It's never been something that's blown out, but I guess

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Speaker 4: I would like to get to a point that we

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Speaker 4: don't need it at all.

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Speaker 2: But it's a helpful tool in your situation, and I

396
00:17:24,720 --> 00:17:27,359
Speaker 2: feel like some people can be trusted with it and

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Speaker 2: some people can't. I'm in the bucket of can't, and

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00:17:29,800 --> 00:17:33,640
Speaker 2: that's okay. But it's always interesting because obviously, if you're

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00:17:33,720 --> 00:17:37,280
Speaker 2: using it correctly, it doesn't implicate you financially in any way,

400
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Speaker 2: like you're not up for more interest or you know,

401
00:17:39,960 --> 00:17:42,200
Speaker 2: you're not in a pickle. But a lot of people

402
00:17:42,400 --> 00:17:44,439
Speaker 2: like me would just go down a slippery slope, like

403
00:17:44,560 --> 00:17:47,399
Speaker 2: genuinely feel like, hey, they so there's just two hundred dollars,

404
00:17:47,600 --> 00:17:49,240
Speaker 2: you could have it for fifty bucks a day. I'll

405
00:17:49,240 --> 00:17:52,119
Speaker 2: be like, that's the money in like and of all people,

406
00:17:52,280 --> 00:17:55,120
Speaker 2: you would think that I'm educated enough to know the difference,

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Speaker 2: and I am, which is why we don't use it.

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00:17:57,440 --> 00:17:59,719
Speaker 2: But I think it's it's cool to see how other

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Speaker 2: people using it because it can actually be a really

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Speaker 2: effective cash slow tool. And I'm not saying go get

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Speaker 2: it because it's a great tool, but more you know,

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Speaker 2: obviously in your circumstance you're about to get married, you

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Speaker 2: have a lot of costs. Do you have two tiny

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00:18:13,640 --> 00:18:16,560
Speaker 2: humans to look after? Like I'm assuming it takes a

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Speaker 2: little bit of a weight off.

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Speaker 4: Yeah, yeah, it does help. But like I said, I

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Speaker 4: would like to get to a point that we just

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Speaker 4: don't use it at all. But at the moment, it

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Speaker 4: has been a great little tool.

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Speaker 2: Just when we will, you absolutely will, all right, tell

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Speaker 2: me what do you think your best money habit is?

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Speaker 3: Best money habit. I think it would be putting time

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Speaker 3: between my purchases.

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Speaker 4: Obviously that's something you talk about a lot of the podcast,

425
00:18:38,840 --> 00:18:41,199
Speaker 4: but it is something that I think relates back to

426
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Speaker 4: sort of my money story and how I was brought up.

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Speaker 4: We just kind of had to make do We never

428
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Speaker 4: kind of were able to go out to the shop

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Speaker 4: and you know, just grab things what we wanted at

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Speaker 4: the time.

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Speaker 3: So I do put a lot of thought in between

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Speaker 3: a purchase.

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Speaker 4: And I'll often sometimes it bugs me because I'll go

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Speaker 4: out to buy something that I need and I'll come

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Speaker 4: home and say, oh, like without it, and just think

436
00:19:02,240 --> 00:19:03,919
Speaker 4: that it was something I needed, but I actually just

437
00:19:03,920 --> 00:19:06,160
Speaker 4: couldn't do it at the time. So and it does

438
00:19:06,160 --> 00:19:07,919
Speaker 4: get tricky with the kids because I do there is

439
00:19:07,960 --> 00:19:09,800
Speaker 4: things that I need to go out and get, but

440
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Speaker 4: I'll have to come home and think about it and

441
00:19:12,359 --> 00:19:14,639
Speaker 4: then I'll go back. So I think it is a

442
00:19:14,680 --> 00:19:17,800
Speaker 4: helpful mindset that I have because I don't make those

443
00:19:17,800 --> 00:19:19,760
Speaker 4: big impulse purchases on the spot.

444
00:19:20,119 --> 00:19:22,960
Speaker 3: But yeah, I think that is probably my best once moment.

445
00:19:23,040 --> 00:19:25,840
Speaker 2: Do you think that that weighs heavily on you as well?

446
00:19:25,920 --> 00:19:28,320
Speaker 2: Sometimes because I came picking up this tone of like

447
00:19:28,520 --> 00:19:30,280
Speaker 2: I'm going to the shops, I'm looking at it, and

448
00:19:30,359 --> 00:19:32,840
Speaker 2: it's not because I'm good at money that I say,

449
00:19:32,920 --> 00:19:35,160
Speaker 2: let's put twenty four hours between me and my purchase.

450
00:19:35,160 --> 00:19:38,680
Speaker 2: It sounds and like I'm obviously not trying to diagnose

451
00:19:38,680 --> 00:19:40,280
Speaker 2: it here, but it sounds a little bit like you're

452
00:19:40,280 --> 00:19:42,280
Speaker 2: maybe anxious about those purchases.

453
00:19:43,000 --> 00:19:45,360
Speaker 3: Yes, yeah, I do get anxious.

454
00:19:45,440 --> 00:19:47,400
Speaker 4: Like my partner and I've worked really hard to get

455
00:19:47,840 --> 00:19:49,720
Speaker 4: we don't have a heap of savings at the moment,

456
00:19:49,760 --> 00:19:52,679
Speaker 4: but we do have a little bit of a safety

457
00:19:52,720 --> 00:19:55,159
Speaker 4: net on the side that I don't like it to

458
00:19:55,200 --> 00:19:58,040
Speaker 4: get below a certain amount, and that's just because of

459
00:19:58,080 --> 00:19:58,920
Speaker 4: how I was brought up.

460
00:19:59,000 --> 00:19:59,720
Speaker 3: We didn't have that.

461
00:20:00,080 --> 00:20:03,480
Speaker 4: It's just to feel sort of somewhat secure and that,

462
00:20:03,600 --> 00:20:05,960
Speaker 4: you know, if things just happen, it's life come I

463
00:20:06,080 --> 00:20:08,560
Speaker 4: think issues come up, or the kids need something urgently.

464
00:20:08,920 --> 00:20:12,760
Speaker 4: So I do get anxious about purchases. It's probably anything

465
00:20:12,840 --> 00:20:15,760
Speaker 4: under that fifty dollar mark. I'm generally okay. Anything more

466
00:20:15,800 --> 00:20:18,720
Speaker 4: than I tend to really have to think about, which

467
00:20:18,720 --> 00:20:20,800
Speaker 4: in some instances is good because if I'm at the

468
00:20:20,840 --> 00:20:22,640
Speaker 4: shops with a friends, I'm not just one to grab

469
00:20:22,680 --> 00:20:24,880
Speaker 4: things off the shelf and be like, oh, that's fine,

470
00:20:24,920 --> 00:20:25,880
Speaker 4: I'll just I'll.

471
00:20:25,680 --> 00:20:26,359
Speaker 3: Make it work.

472
00:20:26,800 --> 00:20:30,879
Speaker 4: But I definitely have a level of anxiety about just

473
00:20:31,119 --> 00:20:34,479
Speaker 4: sort of random spending that I haven't accounted for, because

474
00:20:35,240 --> 00:20:38,840
Speaker 4: I just worry about, you know what if XYZ comes

475
00:20:38,920 --> 00:20:41,359
Speaker 4: up and we don't have that cash flow there to

476
00:20:41,359 --> 00:20:45,679
Speaker 4: be able to cover it. So yeah, it's a tricky one.

477
00:20:46,080 --> 00:20:48,800
Speaker 4: I'm trying to get better with the anxiety around it.

478
00:20:48,800 --> 00:20:52,040
Speaker 4: But I think it also is something that I might just.

479
00:20:52,080 --> 00:20:55,040
Speaker 3: Live with the level of because yeah, it's just how

480
00:20:55,040 --> 00:20:55,960
Speaker 3: I was brought up.

481
00:20:56,040 --> 00:21:00,240
Speaker 4: Unfortunately and that sort of you know, it's really things

482
00:21:00,280 --> 00:21:02,639
Speaker 4: are scarce at times, so we just had to make do.

483
00:21:02,800 --> 00:21:05,000
Speaker 3: But yeah, it's something I'll work out.

484
00:21:04,880 --> 00:21:06,359
Speaker 2: To dive into this a little bit more because I

485
00:21:06,400 --> 00:21:10,200
Speaker 2: feel like it's probably so relatable. Do you have a budget,

486
00:21:10,280 --> 00:21:12,679
Speaker 2: Like are you writing down a budget each month? Or like,

487
00:21:12,800 --> 00:21:13,760
Speaker 2: have you got a system.

488
00:21:13,960 --> 00:21:16,000
Speaker 4: We've tried a few and I just don't think we've

489
00:21:16,119 --> 00:21:19,640
Speaker 4: quite nailed it, and I think, yeah, it's something that

490
00:21:20,280 --> 00:21:24,000
Speaker 4: we do our best to stick to, but I think

491
00:21:24,200 --> 00:21:26,320
Speaker 4: we kind of tend to stretch the budget a little

492
00:21:26,359 --> 00:21:29,080
Speaker 4: bit too far in terms of allocating funds, so we

493
00:21:29,080 --> 00:21:32,720
Speaker 4: don't leave enough for ourselves out and then of course that.

494
00:21:32,640 --> 00:21:34,760
Speaker 3: Means and we're dipping into areas that we shouldn't be.

495
00:21:34,840 --> 00:21:36,880
Speaker 4: So I think we just haven't find that correct sort

496
00:21:36,880 --> 00:21:38,160
Speaker 4: of process for us.

497
00:21:38,560 --> 00:21:39,680
Speaker 3: It's always something that we.

498
00:21:39,640 --> 00:21:42,760
Speaker 4: Try to review and look at, but yeah, again, we

499
00:21:42,800 --> 00:21:45,400
Speaker 4: just haven't found the correct way. And it's a goal

500
00:21:45,440 --> 00:21:47,119
Speaker 4: of mine for this year to get it right on

501
00:21:47,200 --> 00:21:49,159
Speaker 4: track and find a way that works the best for

502
00:21:49,240 --> 00:21:52,360
Speaker 4: us so we don't run into these sort of pickups

503
00:21:52,400 --> 00:21:52,960
Speaker 4: along the way.

504
00:21:53,000 --> 00:21:55,600
Speaker 2: But yeah, I love it because I think I can

505
00:21:55,600 --> 00:21:57,719
Speaker 2: fix that for you. I'm going to gift you our

506
00:21:57,760 --> 00:22:01,200
Speaker 2: budget and cash Flow Masterclass with if you've seen it online.

507
00:22:01,280 --> 00:22:03,400
Speaker 2: I'm biased because I made it, so I think it's

508
00:22:03,440 --> 00:22:07,480
Speaker 2: really good. But it is the most comprehensive way of

509
00:22:07,560 --> 00:22:10,000
Speaker 2: managing your budget that makes sure that we're taking into

510
00:22:10,040 --> 00:22:13,439
Speaker 2: account like fun money and annual expenses as well as

511
00:22:13,480 --> 00:22:15,120
Speaker 2: those day to day costs. So I'm going to give

512
00:22:15,119 --> 00:22:16,919
Speaker 2: you that because I think that that is going to

513
00:22:17,000 --> 00:22:20,240
Speaker 2: help set you up properly. There's a singles version which

514
00:22:20,240 --> 00:22:22,679
Speaker 2: won't apply to you, but there is a couple's version

515
00:22:22,800 --> 00:22:25,640
Speaker 2: as well that breaks down all of it and includes

516
00:22:25,680 --> 00:22:27,840
Speaker 2: a whole section for kids. As well. So like, I

517
00:22:27,880 --> 00:22:30,800
Speaker 2: feel like there's not an area I haven't thought of,

518
00:22:31,400 --> 00:22:33,960
Speaker 2: and historically when there has been, I've just gone in

519
00:22:34,000 --> 00:22:36,600
Speaker 2: and switched out all of the information to update it

520
00:22:36,840 --> 00:22:39,639
Speaker 2: because I'm like, oh my gosh, I didn't include XYZ

521
00:22:39,760 --> 00:22:41,480
Speaker 2: because it wasn't a priority for me.

522
00:22:41,880 --> 00:22:42,960
Speaker 3: Yeah, that's amazing.

523
00:22:43,000 --> 00:22:45,080
Speaker 2: I think that'll be helpful. And for those of you

524
00:22:45,119 --> 00:22:47,760
Speaker 2: listening at home who might be interested in doing the

525
00:22:47,800 --> 00:22:51,480
Speaker 2: Money masterclass as well, I'll pop a discount code in

526
00:22:51,560 --> 00:22:54,879
Speaker 2: the show notes, but it will be POD five zero

527
00:22:55,000 --> 00:22:56,800
Speaker 2: and it'll give you fifty bucks off, which is a

528
00:22:56,880 --> 00:22:59,359
Speaker 2: money win. But I just when you said that, I

529
00:22:59,400 --> 00:23:01,000
Speaker 2: was like, oh, I think I can help here if

530
00:23:01,040 --> 00:23:03,480
Speaker 2: you've got like a system that hasn't worked, like I've

531
00:23:03,480 --> 00:23:06,520
Speaker 2: got one that works for literally thousands of people. But

532
00:23:06,680 --> 00:23:09,040
Speaker 2: now you have to tell me in exchange for that,

533
00:23:09,119 --> 00:23:10,480
Speaker 2: what your worst money habit is.

534
00:23:11,320 --> 00:23:15,520
Speaker 4: Oh, my worst money habit would be ducking into the

535
00:23:15,600 --> 00:23:18,800
Speaker 4: grocery store probably three or four times a week. I

536
00:23:18,840 --> 00:23:22,000
Speaker 4: do my weekly shop, but then I have to, you know,

537
00:23:22,200 --> 00:23:24,960
Speaker 4: do the little top ups. But that just blows out

538
00:23:25,000 --> 00:23:27,919
Speaker 4: every time I'm there. So I just and again I

539
00:23:27,920 --> 00:23:31,040
Speaker 4: think it comes back to we're not correctly budgeting for

540
00:23:31,520 --> 00:23:33,480
Speaker 4: you know, the big weekly shop. So I'm ducking in

541
00:23:33,600 --> 00:23:35,680
Speaker 4: to grab bread and milk, and then I need something

542
00:23:35,720 --> 00:23:38,080
Speaker 4: for the kids, so it's it quickly adds up to.

543
00:23:38,000 --> 00:23:38,480
Speaker 3: Be an extra.

544
00:23:38,640 --> 00:23:41,000
Speaker 4: You know, sometimes up to one hundred dollars a week

545
00:23:41,000 --> 00:23:44,800
Speaker 4: that we haven't allocated for groceries. So I need to

546
00:23:45,200 --> 00:23:48,080
Speaker 4: pull that right back. That would definitely be the worst one.

547
00:23:48,080 --> 00:23:49,840
Speaker 4: And I know when I'm doing it as well, but

548
00:23:50,160 --> 00:23:52,200
Speaker 4: you know there's things that I can't not get along

549
00:23:52,200 --> 00:23:52,520
Speaker 4: the way.

550
00:23:52,640 --> 00:23:55,919
Speaker 2: So yeah, absolutely, like kids needs what they need and

551
00:23:55,960 --> 00:23:58,639
Speaker 2: it's frustrating. All right. Tell me at the start of

552
00:23:58,680 --> 00:24:00,879
Speaker 2: the episode, you said, I think I'm a B minus,

553
00:24:00,960 --> 00:24:03,080
Speaker 2: but I have learned that you have changed your entire

554
00:24:03,119 --> 00:24:05,680
Speaker 2: money story. You've got an epic full time job. You're

555
00:24:05,680 --> 00:24:08,159
Speaker 2: a little side hustler, Like even when your kids are asleep,

556
00:24:08,160 --> 00:24:10,080
Speaker 2: You're like, I'm not going to rest. Rest is for

557
00:24:10,119 --> 00:24:12,080
Speaker 2: the wicked. I Am going to start a little side

558
00:24:12,160 --> 00:24:16,600
Speaker 2: hustle business. I need to know, one what would it

559
00:24:16,680 --> 00:24:20,080
Speaker 2: take to get you to an A plus? And two

560
00:24:20,720 --> 00:24:23,560
Speaker 2: why do you think B minus is reflective of where

561
00:24:23,560 --> 00:24:24,480
Speaker 2: you currently are at?

562
00:24:24,840 --> 00:24:26,480
Speaker 3: So I think to get to an A plus, I

563
00:24:26,520 --> 00:24:26,880
Speaker 3: need to.

564
00:24:26,840 --> 00:24:30,040
Speaker 4: Get our sort of budget and cash flow just set

565
00:24:30,080 --> 00:24:31,040
Speaker 4: in a way that works.

566
00:24:31,119 --> 00:24:33,120
Speaker 2: We're on it. Look at us, We're on it. This

567
00:24:33,160 --> 00:24:35,080
Speaker 2: is a problem solving money diary.

568
00:24:35,240 --> 00:24:36,400
Speaker 3: Yeah.

569
00:24:36,640 --> 00:24:40,600
Speaker 4: I think I'll feel a lot more confident with where

570
00:24:40,600 --> 00:24:42,439
Speaker 4: we're headed if we can get that nailed down. So

571
00:24:42,480 --> 00:24:44,639
Speaker 4: that's exciting because I think that'll I think, yeah, this

572
00:24:44,760 --> 00:24:48,439
Speaker 4: is really going to help with that. And I really

573
00:24:48,480 --> 00:24:52,679
Speaker 4: want to focus more on investments this year or investing. Sorry,

574
00:24:53,080 --> 00:24:55,080
Speaker 4: I think now that I've doabbled in the micro investing.

575
00:24:55,119 --> 00:24:56,679
Speaker 4: Once the wedding's out of the way, that's sort of

576
00:24:56,680 --> 00:24:57,520
Speaker 4: our big focus.

577
00:24:57,680 --> 00:24:59,280
Speaker 3: Yeah, of course. Yeah.

578
00:24:59,359 --> 00:25:02,280
Speaker 4: So it's all exciting and it's all attainable. It's just

579
00:25:02,440 --> 00:25:03,639
Speaker 4: we've got a few things to knock.

580
00:25:03,520 --> 00:25:06,840
Speaker 3: Out of the park first, and then once that's.

581
00:25:05,880 --> 00:25:07,960
Speaker 2: Sortid you said you were going to knock it out

582
00:25:07,960 --> 00:25:11,399
Speaker 2: of the park and she's like, hey, yeah you are, Mama.

583
00:25:11,600 --> 00:25:14,440
Speaker 2: She's so happy it kills me. She's just like beaming

584
00:25:14,600 --> 00:25:16,840
Speaker 2: on camera. No one else gets to see it. Don't

585
00:25:16,840 --> 00:25:18,280
Speaker 2: be sorry. It's the best.

586
00:25:19,800 --> 00:25:20,040
Speaker 5: Yeah.

587
00:25:20,080 --> 00:25:22,400
Speaker 4: I think once so few things have thoughted, I'll feel

588
00:25:23,119 --> 00:25:25,240
Speaker 4: pretty proud and pretty stoked, and I think i'll be

589
00:25:25,240 --> 00:25:27,080
Speaker 4: more of an a plus then. But Yeah, I think

590
00:25:27,119 --> 00:25:29,720
Speaker 4: my b minus is that we've got all these sort

591
00:25:29,760 --> 00:25:32,360
Speaker 4: of plans to get to these places and then sort

592
00:25:32,359 --> 00:25:33,960
Speaker 4: of the budget and cash flow this at work, so

593
00:25:34,000 --> 00:25:35,160
Speaker 4: there were a few steps back.

594
00:25:35,200 --> 00:25:37,600
Speaker 3: It's kind of two steps forward, one step back.

595
00:25:37,640 --> 00:25:40,200
Speaker 4: But it seems that we just can't quite get there,

596
00:25:40,240 --> 00:25:42,480
Speaker 4: and we've maybe not had the right tools in place,

597
00:25:42,720 --> 00:25:44,040
Speaker 4: or I've not known enough.

598
00:25:43,840 --> 00:25:45,760
Speaker 3: About what you know, the investment world.

599
00:25:45,880 --> 00:25:48,520
Speaker 4: So I'm putting by listening to the podcast and doing

600
00:25:48,520 --> 00:25:52,800
Speaker 4: my own external research. I'm excited to sort of focus

601
00:25:52,840 --> 00:25:53,800
Speaker 4: on those airs more.

602
00:25:54,119 --> 00:25:59,080
Speaker 6: And yeah, love love, love, Oh my gosh, I feel

603
00:25:59,119 --> 00:26:02,120
Speaker 6: like you are well on track, like everything has been

604
00:26:02,240 --> 00:26:04,320
Speaker 6: set up and you are working towards it.

605
00:26:04,800 --> 00:26:06,960
Speaker 2: But I feel like you have achieved so much and

606
00:26:07,040 --> 00:26:09,560
Speaker 2: I'm so proud of where you've come from and where

607
00:26:09,560 --> 00:26:11,840
Speaker 2: you are now. And I know that your mum would

608
00:26:11,880 --> 00:26:14,479
Speaker 2: be so proud, like you know, you said before, like

609
00:26:14,720 --> 00:26:16,480
Speaker 2: you know she's not around, but I think she'd be proud.

610
00:26:16,520 --> 00:26:18,600
Speaker 2: What do you mean, think you know she'd be proud.

611
00:26:18,640 --> 00:26:21,359
Speaker 2: She'd be over the moon. You're exactly where she wishes

612
00:26:21,560 --> 00:26:23,800
Speaker 2: she could have been when she was, you know, bringing

613
00:26:23,800 --> 00:26:25,399
Speaker 2: you up. And I think that that's just such a

614
00:26:25,440 --> 00:26:28,919
Speaker 2: beautiful thing as well, but unfortunately that is all we

615
00:26:29,000 --> 00:26:32,919
Speaker 2: have time for today. I am genuinely so grateful for

616
00:26:32,960 --> 00:26:35,639
Speaker 2: this story. I think it's been fun and engaging, and

617
00:26:35,640 --> 00:26:37,960
Speaker 2: I've loved learning about your wedding and where you've come

618
00:26:38,000 --> 00:26:40,159
Speaker 2: from and what your plans are for the future. And

619
00:26:40,200 --> 00:26:43,560
Speaker 2: I'm genuinely so excited to give you my money masterclass

620
00:26:43,560 --> 00:26:45,760
Speaker 2: because I'm like, hold on, I think this could really help,

621
00:26:45,920 --> 00:26:48,320
Speaker 2: Like I actually think this will get your stuff together

622
00:26:48,680 --> 00:26:51,159
Speaker 2: so that you feel like an A plus sooner. So

623
00:26:51,800 --> 00:26:54,440
Speaker 2: I'm very happy about this. So thank you so much

624
00:26:54,480 --> 00:26:56,720
Speaker 2: for sharing your journey with us, and I hope our

625
00:26:56,840 --> 00:27:00,320
Speaker 2: paths cross in person in the future at some point.

626
00:27:00,400 --> 00:27:02,040
Speaker 4: Thank you so much for having me, and I'm really

627
00:27:02,040 --> 00:27:04,359
Speaker 4: excited to do the course. Thank you again. Okay.

628
00:27:10,440 --> 00:27:12,960
Speaker 5: The advice shared on She's on the Money is general

629
00:27:13,040 --> 00:27:16,879
Speaker 5: in nature and does not consider your individual circumstances. She's

630
00:27:16,920 --> 00:27:20,399
Speaker 5: on the Money exists purely for educational purposes and should

631
00:27:20,440 --> 00:27:23,560
Speaker 5: not be relied upon to make an investment or financial decision.

632
00:27:24,000 --> 00:27:26,440
Speaker 5: If you do choose to buy a financial product, read

633
00:27:26,440 --> 00:27:30,560
Speaker 5: the PDS TMD and obtain appropriate financial advice tailored towards

634
00:27:30,640 --> 00:27:33,920
Speaker 5: your needs. Victoria divine and she's on the money. Are

635
00:27:33,960 --> 00:27:39,000
Speaker 5: authorized representatives of money sheper pty Ltd ABN three two

636
00:27:39,000 --> 00:27:42,000
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637
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