Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
Speaker 1: the Order Kerney Whalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money.
Speaker 2: She's on the Money. Hello, and welcome to She's on Them,
Speaker 2: the podcast of millennials who want financial freedom. Welcome back
Speaker 2: to another one of our moneydarries where I get the
Speaker 2: absolute pleasure of sitting down with one of our incredible
Speaker 2: She's on the Money community members and learning all about
Speaker 2: their journey. Let's jump straight into it, because this week
Speaker 2: I got a message and it went like this, Hi
Speaker 2: V I've gone from living in government housing and moving
Speaker 2: twenty plus times before the age of fifteen to owning
Speaker 2: my home and business. I'd love to talk more about
Speaker 2: my story of breaking the cycle of financial instability I
Speaker 2: grew up with and building a more stable future. Ah, money, Doris,
Speaker 2: So I want to talk about that too.
Speaker 3: That's so cool. Yes, I'm pretty proud. It's been a journey,
Speaker 3: but yeah, I'm very proud of us. Life that we've created.
Speaker 2: Does sound like a journey, like it sounds like a
Speaker 2: very hard journey, because like it doesn't sound like and
Speaker 2: I'm assuming here that there was probably not a lot
Speaker 2: of support on the flip side is obviously coming from
Speaker 2: government housing. You don't have the role models that you
Speaker 2: probably have become for your own kids, which is very
Speaker 2: very cool. Yes, let's jump into it though, because I'm
Speaker 2: very excited about this. As always, I start the episode
Speaker 2: with the same question and people are probably bored of it,
Speaker 2: but there is a purpose to it. Money Diarist, what
Speaker 2: grade would you give your money habits if I asked
Speaker 2: you to grade them from an eight through to an S.
Speaker 3: I have tried to put some thought into this, and
Speaker 3: I think I would give myself a B minus at
Speaker 3: the moment.
Speaker 2: Be minus. Yeah, your story tells me you're an A plus,
Speaker 2: so I probably have to argue later.
Speaker 3: A few years ago, it probably would have been a
Speaker 3: bit lower. But we've worked hard and I've got some
Speaker 3: really good role models now, and I've worked hard to
Speaker 3: get where I am with my job, and we've got
Speaker 3: some things lined up for the future, so we know
Speaker 3: where we want to be. It's just taking some time.
Speaker 2: That's very exciting, all right, money Diaris next question is
Speaker 2: also my favorite. Can you dive in and tell me
Speaker 2: a little bit more about your money story?
Speaker 3: I can so. Yeah. I guess we had an interesting upbringing.
Speaker 3: I was born and raised sort of in Melbourne, but
Speaker 3: relocated to Queensland when I was really young, and then
Speaker 3: ever since then it was probably moving every three to
Speaker 3: six months. We moved houses my mom and my stepdad.
Speaker 3: There was no yeah, no stability, changing jobs really frequently.
Speaker 3: When we moved up, I was under ten years old.
Speaker 3: I didn't really grasp what was going on behind the scenes,
Speaker 3: but obviously as I grew up I could tell that
Speaker 3: they just couldn't manage their finances themselves and that just
Speaker 3: continued on for Yeah. I think I ended up moving
Speaker 3: out of home when I was about sixteen, So from
Speaker 3: the ages of yeah, six or sixteen, we just moved
Speaker 3: every few months. I think as long as we were
Speaker 3: in a home was probably eight or nine months. And yeah,
Speaker 3: like I said, as I grew up, I just knew
Speaker 3: that I wanted to break that cycle. I didn't want
Speaker 3: that from my future and my kids when it came time,
Speaker 3: so I just worked really hard. My mum and my
Speaker 3: stepdad had purchased a business that they just didn't have
Speaker 3: any idea how to run properly, so of course that
Speaker 3: ended happened bankruptcy. And yeah, I could sense there was
Speaker 3: stuff going on behind the scenes, but I didn't know
Speaker 3: as much as I do now. So yeah, I think
Speaker 3: it's shaped me into who I am today. And I
Speaker 3: weirdly am thankful for those experiences because it has just
Speaker 3: shown me how I don't want to be as brutals
Speaker 3: as that might sound. But it's been a blessing in
Speaker 3: disguise because it's shown me how hard I can work
Speaker 3: and what I can prove that I can do.
Speaker 2: It's epic. I love when people are using their stories
Speaker 2: and actually like growing from them because I think it's
Speaker 2: so easy to fall into such a similar cycle. Right,
Speaker 2: It's been role modeled for you, so it makes sense.
Speaker 2: And I think a lot of the time, if those
Speaker 2: are the role models that you've been shown. You just
Speaker 2: assume that's how life works, and you often find that
Speaker 2: and you know, this isn't me stereotyping, it's just kind
Speaker 2: of the way it is. It's why there's always like
Speaker 2: a debt cycle, or a trauma cycle, or even an
Speaker 2: abuse I call in a family like it goes from
Speaker 2: generation to generation because you literally just learn from the
Speaker 2: things that are around you that this is acceptable, this
Speaker 2: is what happens, this is how it is. Like what
Speaker 2: you could have learned from that is that business is
Speaker 2: really scary. You will go bankrupt. It will, you know,
Speaker 2: consume you and be awful. But that's clearly not what
Speaker 2: you've taken from it. And I just I get so
Speaker 2: excited talking to people with this mindset of growth over
Speaker 2: you know, just status quo and go, well, where did
Speaker 2: you get that? Because like, your parents clearly didn't teach
Speaker 2: you that, Like, no, it's wild.
Speaker 3: Yeah. I think I have my brother to thank for that.
Speaker 3: He's about seven years older than I am, and he
Speaker 3: was the first one to kind of be like, no,
Speaker 3: this isn't going to be my life. So he went
Speaker 3: off and he worked away. He still works plying flyout.
Speaker 3: So I'm really close with him and my sister in Laura,
Speaker 3: and I've got n for nephews, and we're just we
Speaker 3: often talk about the way that our parts could have gone,
Speaker 3: and it's we're both just turned it around and it's
Speaker 3: gone the other way. So I adore that Mum's no
Speaker 3: longer here with us, but I know that she'd be
Speaker 3: super proud regardless of what she went through.
Speaker 2: Yeah, of course she'd be super proud. Like I feel
Speaker 2: like when you reflect on it, and you know, talk
Speaker 2: to people who grew up in that circumstance, they always
Speaker 2: want better for their kids, and they always want their
Speaker 2: kids to like thrive and flourish. And she's got that, Like,
Speaker 2: how good is that? That's illeed?
Speaker 3: All right?
Speaker 2: Well, next question I've got is I want to know.
Speaker 2: You told us you have a business, So let's dive in.
Speaker 2: What do you do for work? How much money do
Speaker 2: you earn?
Speaker 3: So I work in human resources. I finished school. I
Speaker 3: took a few years to decide what I wanted to do.
Speaker 3: I went to UNI and child a degree that it
Speaker 3: wasn't for me. So then I went off traveling for
Speaker 3: a year and I came back and I had a
Speaker 3: real good think about it and In that time, I'd
Speaker 3: met my partner and he was studying as well, so
Speaker 3: I kind of really had a good think about what
Speaker 3: my interests were landed at human resources and I smashed
Speaker 3: out my degree and before that was finished, I actually
Speaker 3: managed to secure the job that I'm in now. So
Speaker 3: that was my first sort of HR gig as an administrator,
Speaker 3: just at a local resort here. And yeah, I'm still
Speaker 3: there today, nearly five years on. Just been working my
Speaker 3: way through. We've got a small team at a big
Speaker 3: employee base, so it's taught me a lot. But currently
Speaker 3: I'm on seventy k plus super very nice. Yeah, so
Speaker 3: I guess I'm just going to keep chipping away at that.
Speaker 3: And yeah, excarty elite.
Speaker 2: So you've got a full time HR job and a
Speaker 2: side hustle. You said, do you have your own business?
Speaker 2: You're going to have to tell us all about that,
Speaker 2: what's that look like and how does that work?
Speaker 3: So I started that when I was on maternity leave
Speaker 3: with my son a few years ago. So it's a
Speaker 3: bit of a candles and home fragrance. It was just
Speaker 3: a hobby that I picked up has something to do
Speaker 3: in my time at home when I wasn't mumming and
Speaker 3: it was great. I just fell in love with it
Speaker 3: because it gave me that sort of creative outlet and
Speaker 3: just something I could do for myself. And then I
Speaker 3: just kept at it, kept at it, and everyone was
Speaker 3: loving them. So I thought, why not turn this into
Speaker 3: a little bit of a side hustle. So, yeah, that's
Speaker 3: kind of grown a little bit from there, and I
Speaker 3: wanted to set it up in a way that I
Speaker 3: could when I wanted to commit some more time to
Speaker 3: what I could. But obviously I knew that I would
Speaker 3: return to my full time job after my leave was up,
Speaker 3: so I just let it kind of simmer in the
Speaker 3: background and I do it ad hoc. But now that
Speaker 3: I'm on maternity leave with my second as well, I've
Speaker 3: been able to give it some real love and watch
Speaker 3: it grow again, which has been super exciting. But it
Speaker 3: is just something I do slowly. You know, I've got
Speaker 3: two kids, so it's a big ask to get it
Speaker 3: all done.
Speaker 2: It's more of a side hustle at this point. It
Speaker 2: is how much income would it bring in?
Speaker 3: I think probably it sits around you know, probably about
Speaker 3: six or seven k annually at the moment.
Speaker 2: Hey, that's very nice.
Speaker 3: Yeah, so it's something It helps, Definitely, it helps, and
Speaker 3: I am just doing it at the moment just because
Speaker 3: I love it. And like I said, it gives me
Speaker 3: that creative space away from the kids, not at work,
Speaker 3: to just have something for me.
Speaker 2: No, I love it. I love talking about this because
Speaker 2: I think so many times when you like speak to
Speaker 2: people who don't have side hustles or businesses, there's this
Speaker 2: massive assumption that to start a business or start a
Speaker 2: side hustle means you have to like go all in
Speaker 2: and you have to replace your full time income and
Speaker 2: that's what you're looking for. And the reality is you
Speaker 2: don't have to do that. What you can do is
Speaker 2: just like a little side hustle that nourishes you and
Speaker 2: keeps you busy and gives you something to do while
Speaker 2: the kids are sleeping if your mind won't sit still.
Speaker 2: And six or seven K a year, Like, girl, that's
Speaker 2: a lot of money. Like you could put that towards
Speaker 2: a mortgage, you could put that towards savings, you could
Speaker 2: go on an extra holiday. Like, there's just so much
Speaker 2: financial freedom that that money brings in addition that you
Speaker 2: just go that makes sense. I love it. Yeah, how
Speaker 2: exciting so talk to me about your big money goals.
Speaker 2: What are you guys currently working towards.
Speaker 3: Ah, well, our biggest money goal at the moment is
Speaker 3: we're getting married just under twelve weeks.
Speaker 2: Oh congrats.
Speaker 3: So that's kind of where everything's going at the moment,
Speaker 3: which is so fine because as much as we're wanting
Speaker 3: to keep it low key, we still want to enjoy
Speaker 3: ourselves and enjoy our day. But it's things add up
Speaker 3: very quick.
Speaker 2: It's terrifying, isn't it, And like all the last minute
Speaker 2: stuff in the last twelve weeks, you're like, oh and
Speaker 2: I don't have, Oh and I don't have It's so annoying.
Speaker 3: Yeah, yeah it is. So I've done my best, but
Speaker 3: it's still a big money item. So I think once
Speaker 3: that's out of the way, we haven't sort of planned
Speaker 3: to go away anywhere, so I'd like to do that
Speaker 3: for ourselves. But I guess we own our home, but
Speaker 3: it probably in the next couple of years we're in
Speaker 3: two minds of whether we sell this space and get
Speaker 3: something new or we keep there. Since of investments, so
Speaker 3: I think that's our next big one and just setting
Speaker 3: up ourselves a little bit better in terms of investing
Speaker 3: for ourselves and our kids. So a few things, and
Speaker 3: it's a bit tricky to just focus on one because
Speaker 3: I'm I'm a person who likes to do it all
Speaker 3: at once, which can just get a bit too much.
Speaker 2: Totally. Yeah, can I be real pervy about your wedding.
Speaker 2: I want to know, did you set a budget at
Speaker 2: the start? If so, how's that tracking?
Speaker 3: I set a budget of fifteenth theout it Yep. Like
Speaker 3: I said, I've done my best. I've sourced what I
Speaker 3: can secondhand and on Facebook Marketplace, which has been a lifesaver.
Speaker 3: And even the venue we used is relatively new, so
Speaker 3: they were about a quarter of the price of what
Speaker 3: places are. Oh co I'm located. Yeah, so did that well?
Speaker 3: But it's yeah, it's all the little things. We're probably
Speaker 3: up over the twenty k at the moment, so yeah,
Speaker 3: but we're just trying to rain it right in in
Speaker 3: these last few weeks. I'm trying to really just focus
Speaker 3: on other days about and not all of the extra
Speaker 3: little thing money.
Speaker 2: Drist I need to ask about your twenty thousand dollars budget.
Speaker 2: We've gone a little bit over, But before then, you
Speaker 2: do have a five month old sitting on your lap,
Speaker 2: So if anyone is listening along and can hear someone
Speaker 2: joining in the conversation. She looks very very cute, Like
Speaker 2: she's very cute, she's very animated, and I like her contributions.
Speaker 2: I'm not sure if I understand them yet, but you
Speaker 2: can come on the show when you're a bit old. Agreed, Agreed,
Speaker 2: but tell me a bit more. I'm so pervy about
Speaker 2: weddings because, like I obviously had one, loved the process.
Speaker 2: How did you go from fifteen to twenty? Like was
Speaker 2: that something where you're like, oh my gosh, we completely
Speaker 2: forgot to allocate ABC or D or is it like
Speaker 2: decisions that you're like, we assumed that the venue would
Speaker 2: be you know, X, and it was actually why.
Speaker 3: Yeah, it was more the latter. I think it's just
Speaker 3: that old story of when you say that it's for
Speaker 3: a wedding.
Speaker 2: It's terrifying, isn't it.
Speaker 3: Yeah, it's just we kind of assumed that things would
Speaker 3: cost it at a mountain. They've come back it nearly
Speaker 3: double what we thought. But it's all things that you know,
Speaker 3: we kind of need, like the music and the food. Yeah,
Speaker 3: it's not all of the extras, all of the extra stuff.
Speaker 3: I've just rained it right in, so I think my
Speaker 3: partner looks at it and he's like, what are we doing?
Speaker 3: But I show him what we're actually, you know, sending
Speaker 3: the money on and he gets it. Yeah. Yeah, and
Speaker 3: we're both in a sign nindset like we still want
Speaker 3: to enjoy our day. It does sting a bit knowing
Speaker 3: how much money is going into it, but we're just
Speaker 3: going to push through and just have a bet day.
Speaker 2: I love it, And the same thing happened with us,
Speaker 2: Like I was just consistently shocked at how much things cost.
Speaker 2: And you know, it's fine because I think once you're
Speaker 2: on the same page with your partner and you're like, no,
Speaker 2: we both really want this, like let's just take it
Speaker 2: step by step. It's okay. But I think it's one
Speaker 2: of those things that when you're planning a wedding, you're like, oh,
Speaker 2: it just feels like blow after blow.
Speaker 3: Yeah, especially when you do we did want to keep
Speaker 3: it low cost, but then, like I said, like as
Speaker 3: soon as you start reaching out to people saying, you know,
Speaker 3: we've got a wedding coming up, it's yeah, things just
Speaker 3: add up so fast.
Speaker 2: I mean, at the end of the day twenty grand
Speaker 2: on a wedding is literally a third of what the
Speaker 2: average Australian wedding costs. So you're not doing too badly.
Speaker 2: Let's go to a really quick break on the flip side.
Speaker 2: I want to ask you so many more questions about
Speaker 2: investments and habits and whether you're in debt. So guys
Speaker 2: don't go anywhere, all right, money direst we are back
Speaker 2: and first cap of K I want to know do
Speaker 2: you invest? If so, how, if not, what's the plan?
Speaker 3: So, thanks to She's on the money, I have. Actually
Speaker 3: I didn't even really know anything about it until a
Speaker 3: that's six months ago. Probably i'd heard obviously about it,
Speaker 3: but didn't know enough to feel comfortable. And then just
Speaker 3: from taking in as much content aday, so I came
Speaker 3: from the podcast. I've just started doing the micro investing
Speaker 3: as a beginning sort of steps to get the knowledge set. Yeah,
Speaker 3: just to kind of get myself familiar with the process.
Speaker 3: My partner's across it more. But yeah, I feel like
Speaker 3: if I needed to be comfortable to make sort of
Speaker 3: the big step into it, that I needed to understand
Speaker 3: the process and what goes in. So I started that
Speaker 3: and just it's really interesting just seeing I'm a log
Speaker 3: on and kind of see and it's I think it's
Speaker 3: a great first step for me to take. And I'm
Speaker 3: really enjoying the platform that I'm using. So it's good.
Speaker 2: I love it. How good is that?
Speaker 3: All? Right?
Speaker 2: Jumping into debts? You own your own house, so I'm
Speaker 2: assuming there is a mortgage hiding somewhere there. But tell
Speaker 2: me all about debt. Is that your only debt? If so, so,
Speaker 2: what is it? Tell me the juicy details.
Speaker 3: Yes, we've got the mortgage. I think at the moment
Speaker 3: it's at about four twenty. We were really quite fortunate.
Speaker 3: We managed to fix our interest rate just before COVID,
Speaker 3: so the interest rates were really really low, locked it
Speaker 3: in under two.
Speaker 2: Percent, so unrelatable. Mine's currently sitting at leg six and
Speaker 2: a half and I literally look at it and go,
Speaker 2: how did we get here?
Speaker 3: Yeah, so I don't know that was just a stroke
Speaker 3: of luck or I'm not sure, but locked that in
Speaker 3: for five years. So we're happy with that.
Speaker 2: Oh, very nice.
Speaker 3: Yes, especially that's taken us through the two maternity leaves.
Speaker 3: So that's been a big help just knowing this said
Speaker 3: amount that's going to be paid each fortnite. So that's
Speaker 3: our biggest one. I own my car. However, my partner
Speaker 3: actually has a novated lease arrangement on his car, which
Speaker 3: again it was something I didn't know much about. But yeah,
Speaker 3: our situation at the time, it was kind of what
Speaker 3: made the most sense with us, and his work was
Speaker 3: willing to take that on with him. Cool. So that's
Speaker 3: higher than I'd like it to be. It's at about
Speaker 3: forty k so, but yeah, it works the way that
Speaker 3: he's got it set up with. I guess the NEVATD
Speaker 3: lease arrangement, it's a big chance that is paid, but
Speaker 3: I guess it's what we had to do at the time,
Speaker 3: so I'm just letting it do its thing. But apart
Speaker 3: from that, we don't have any credit cards. We only
Speaker 3: use after pay as kind of like a cash flow tool.
Speaker 3: It's never blown out out of sort of the budget.
Speaker 3: But yeah, apart from that, we're pretty on track.
Speaker 2: Very cool. What kind of things are you putting on
Speaker 2: after pay? Because I'm not one of those people that
Speaker 2: could be trusted with after pay. You quite clearly are,
Speaker 2: and that's fine, But I want to know, is it
Speaker 2: like clothes and shoes or is it like, oh, they're
Speaker 2: the big ticket baby, item, So like what does your
Speaker 2: after pay usage look like?
Speaker 3: It kind of changes every so often. We've got a
Speaker 3: couple of big dogs that you know, require their monthly
Speaker 3: big food order, so we kind of put that on
Speaker 3: and budget it into our sort of cash flow process,
Speaker 3: and that's like a pretty regular one, just to break
Speaker 3: it down that sort of upfront cost at the I mean,
Speaker 3: it's been a few wedding things, but I do have
Speaker 3: a wedding sort of account, and it's just that we're
Speaker 3: paying into each fortnite so it just assists us with
Speaker 3: that sort of Yet, like I said, that cash flow
Speaker 3: of if I needed it, sort of, I don't know
Speaker 3: now because the wedding's coming up. It just allows me
Speaker 3: to kind of work it that way. But we're good
Speaker 3: with it. It's never been something that's blown out, but
Speaker 3: I guess I would like to get to a point
Speaker 3: that we don't need it at all.
Speaker 2: But it's a helpful tool in your situation, and I
Speaker 2: feel like some people can be trusted with it and
Speaker 2: some people can't. I'm in the bucket of can't, and
Speaker 2: that's okay. But it's always interesting because obviously, if you're
Speaker 2: using it correctly, it doesn't implicate you financially in any way,
Speaker 2: like you're not up for more interest or you know,
Speaker 2: you're not in a pickle. But a lot of people
Speaker 2: like me would just go down a slippery slope, like
Speaker 2: genuinely feel like, hey, they so there's just two hundred dollars,
Speaker 2: you could have it for fifty bucks a day. I'll
Speaker 2: be like, that's the money in like and of all people,
Speaker 2: you would think that I'm educated enough to know the difference,
Speaker 2: and I am, which is why we don't use it.
Speaker 2: But I think it's it's cool to see how other
Speaker 2: people using it because it can actually be a really
Speaker 2: effective cash slow tool. And I'm not saying go get
Speaker 2: it because it's a great tool, but more you know,
Speaker 2: obviously in your circumstance, you're about to get married, you
Speaker 2: have a lot of costs, you have two tiny humans
Speaker 2: to look after. Like I'm assuming it takes a little
Speaker 2: bit of a weight off.
Speaker 3: Yeah, yeah, it does help. But like I said, I
Speaker 3: would like to get to a point that we just
Speaker 3: don't use it at all. But at the moment, it
Speaker 3: has been a great little tool.
Speaker 2: Just when we will, you absolutely will, all right, tell
Speaker 2: me what do you think your best money habit is.
Speaker 3: Best money habit. I think it would be putting time
Speaker 3: between my purchases. Obviously that's something you talk about a
Speaker 3: lot of the podcast, but it is something that I
Speaker 3: think relates back to sort of my money story and
Speaker 3: how I was brought up. We just kind of had
Speaker 3: to make do We never kind of were able to
Speaker 3: go out to the shop and you know, just grab
Speaker 3: things what we wanted at the time. So I do
Speaker 3: put a lot of thought in between a purchase, and
Speaker 3: I'll often sometimes it bugs me because I'll go out
Speaker 3: to buy something that I need and I'll come home
Speaker 3: and say, oh, like without it, and just think that
Speaker 3: it was something I needed, but I actually just couldn't
Speaker 3: do it at the time. So and it does get
Speaker 3: tricky with the kids because I do there is things
Speaker 3: that I need to go out and get, but I'll
Speaker 3: have to come home and think about it and then
Speaker 3: I'll go back. So I think it is a helpful
Speaker 3: mindset that I have because I don't make those big
Speaker 3: impulse purchases on the spot. But yeah, I think that
Speaker 3: is probably my best one moment.
Speaker 2: Do you think that that weighs heavily on you as well?
Speaker 2: Sometimes because I came picking up this tone of like,
Speaker 2: I'm going to the shops, I'm looking at it, and
Speaker 2: it's not because I'm good at money that I say,
Speaker 2: let's put twenty four hours between me and my purchase.
Speaker 2: It sounds and like I'm obviously not trying to diagnose
Speaker 2: it here, but it sounds a little bit like you're
Speaker 2: maybe anxious about those purchases.
Speaker 3: Yes, yeah, I do get anxious. Like my partner and
Speaker 3: I've worked really hard to get we don't have a
Speaker 3: heap of savings at the moment, but we do have
Speaker 3: a little bit of a safety net on the side
Speaker 3: that I don't like it to get below a certain amount,
Speaker 3: and that's just because of how I was brought up.
Speaker 3: We didn't have that. It's just to feel sort of
Speaker 3: somewhat secure and that, you know, if things just happen,
Speaker 3: it's life come I think issues come up, or the
Speaker 3: kids need something urgently. So I do get anxious about purchases.
Speaker 3: It's probably anything under that fifty dollar mark. I'm generally okay.
Speaker 3: Anything more than I tend to really have to think about,
Speaker 3: which in some instances is good because if I'm at
Speaker 3: the shops with a friends, I'm not just one to
Speaker 3: grab things off the shelf and be like, oh that's fine,
Speaker 3: I'll just I'll make it work. But I definitely have
Speaker 3: a level of anxiety about just sort of random spending
Speaker 3: that I haven't accounted for because I just worry about,
Speaker 3: you know what if XYZ comes up and we don't
Speaker 3: have that cash flow there to be able to cover it.
Speaker 3: So yeah, it's a tricky one. I'm trying to get
Speaker 3: better with the anxiety around it. But I think it
Speaker 3: also is something that I might just live with the
Speaker 3: level of because yeah, it's just how I was brought up,
Speaker 3: unfortunately and that sort of you know, it's really things
Speaker 3: are scarce at times, so we just had to make do.
Speaker 3: But yeah, it's something I'll work out.
Speaker 2: To dive into this a little bit more because I
Speaker 2: feel like it's probably so relatable. Do you have a budget,
Speaker 2: Like are you writing down a budget each month? Or
Speaker 2: like have you got a system.
Speaker 3: We've tried a few and I just don't think we've
Speaker 3: quite nailed it, and I think, yeah, it's something that
Speaker 3: we do our best to stick to, but I think
Speaker 3: we kind of tend to stretch the budget a little
Speaker 3: bit too far in terms of allocating funds, so we
Speaker 3: don't leave enough for ourselves out and then of course
Speaker 3: that means and we're dipping into areas that we shouldn't be.
Speaker 3: So I think we just haven't find that correct sort
Speaker 3: of process for us. It's always something that we try
Speaker 3: to review and look at, but yeah, again, we just
Speaker 3: haven't found the correct way. And it's a goal of
Speaker 3: mine for this year to get it right on track
Speaker 3: and find a way that works the best for us
Speaker 3: so we don't run into these sort of pickups along
Speaker 3: the way.
Speaker 2: But yeah, I love it because I think I can
Speaker 2: fix that for you. I'm going to gift you our
Speaker 2: budget and cash Flow Masterclass with if you've seen it online.
Speaker 2: I'm biased because I made it, so I think it's
Speaker 2: really good. But it is the most comprehensive way of
Speaker 2: managing your budget that makes sure that we're taking into
Speaker 2: account like fun money and annual expenses as well as
Speaker 2: those day to day costs. So I'm going to give
Speaker 2: you that because I think that that is going to
Speaker 2: help set you up properly. There's a singles version which
Speaker 2: won't apply to you, but there is a couple's version
Speaker 2: as well that breaks down all of it and includes
Speaker 2: a whole section for kids as well. So like, I
Speaker 2: feel like there's not an area I haven't thought of,
Speaker 2: and historically when there has been, I've just gone in
Speaker 2: and switched out all of the information to update it
Speaker 2: because I'm like, oh my gosh, I didn't include XYZ
Speaker 2: because it wasn't a priority for me.
Speaker 3: Yeah, that's amazing.
Speaker 2: I think that'll be helpful. And for those of you
Speaker 2: listening at home who might be interested in doing the
Speaker 2: Money masterclass as well, I'll pop a discount code in
Speaker 2: the show notes, but it will be POD five zero
Speaker 2: and it'll give you fifty bucks off, which is a
Speaker 2: money win. But I just when you said that, I
Speaker 2: was like, oh, I think I can help here if
Speaker 2: you've got like a system that hasn't worked, like I've
Speaker 2: got one that works for literally thousands of people. But
Speaker 2: now you have to tell me in exchange for that,
Speaker 2: what your worst money habit is.
Speaker 3: Oh, my worst money habit would be ducking into the
Speaker 3: grocery store probably three or four times a week. I
Speaker 3: do my weekly shop, but then I have to, you know,
Speaker 3: do the little top ups. But that just blows out
Speaker 3: every time I'm there. So I just and again, I
Speaker 3: think it comes back to we're not correctly budgeting for,
Speaker 3: you know, the big weekly shop, so I'm ducking in
Speaker 3: to grab bread and milk, and then I need something
Speaker 3: for the kids. So it's it quickly adds up to
Speaker 3: be an extra, you know, sometimes up to one hundred
Speaker 3: dollars a week that we haven't allocated for groceries. So
Speaker 3: I need to pull that right back. That would definitely
Speaker 3: be the worst one. And I know when I'm doing
Speaker 3: it as well, but you know there's things that I
Speaker 3: can't not get along the way.
Speaker 2: So yeah, absolutely, like kids need what they need and
Speaker 2: it's frustrating, all right. Tell me at the start of
Speaker 2: the episode, you said, I think I'm a B minus,
Speaker 2: but I have learned that you have changed your entire
Speaker 2: money story. You've got an epic full time job. You're
Speaker 2: a little side hustler, Like even when your kids are asleep,
Speaker 2: You're like, I'm not going to rest. Rest is for
Speaker 2: the wicked. I am going to start a little side
Speaker 2: hustle business. I need to know, one what would it
Speaker 2: take to get you to an A plus? And two
Speaker 2: why do you think B minus is reflective of where
Speaker 2: you currently are at?
Speaker 3: So I think to get to an A plus, I
Speaker 3: need to get our sort of budget and cash flow
Speaker 3: just set in a way that works.
Speaker 2: We're on it.
Speaker 3: Look at us, We're on it.
Speaker 2: This is a problem solving money diary.
Speaker 3: Yeah. I think I'll feel a lot more confident with
Speaker 3: where we're headed if we can get that nailed down.
Speaker 3: So that's exciting because I think that'll I think, yeah,
Speaker 3: this is really going to help with that. And I
Speaker 3: really want to focus more on investments this year or investing. Sorry,
Speaker 3: I think now that I've doabbled in the micro investing.
Speaker 3: Once the wedding's out of the way, that's sort of
Speaker 3: our big focus. Yeah. Yeah, So it's all exciting and
Speaker 3: it's all attainable. It's just we've got a few things
Speaker 3: to knock out of the park first, and then once that's.
Speaker 2: Sortid you said you were going to knock it out
Speaker 2: of the park and she's like, hey, yeah you are, Mama.
Speaker 2: She's so happy. It kills me. She's just like beaming
Speaker 2: on camera. No one else gets to see it. Don't
Speaker 2: be sorry. It's the best.
Speaker 4: Yeah.
Speaker 3: I think once so few things have thoughted, I'll feel
Speaker 3: pretty proud and pretty stoked, and I think i'll be
Speaker 3: more of an A plus then but yeah, I think
Speaker 3: my b minus is that we've got all these sort
Speaker 3: of plans to get to these places and then sort
Speaker 3: of the budget and cash flow this at work, so
Speaker 3: there were a few steps back. It's kind of two
Speaker 3: steps forward, one step back. But it seems that we
Speaker 3: just can't quite get there, and we've maybe not had
Speaker 3: the right tools in place, or I've not known enough
Speaker 3: about what you know, the investment world. So I'm putting
Speaker 3: by listening to the podcast and doing my own external research.
Speaker 3: I'm excited to sort of focus on those airs more.
Speaker 2: And yeah, love love love, Oh my gosh, I feel
Speaker 2: like you are well on track, like everything has been
Speaker 2: set up and you are working towards it. But I
Speaker 2: feel like you have achieved so much and I'm so
Speaker 2: proud of where you've come from and where you are now.
Speaker 2: And I know that your mum would be so proud,
Speaker 2: like you know you said before, like you know she's
Speaker 2: not around, but I think she'd be proud. What do
Speaker 2: you mean, think you know she'd be proud, she'd be
Speaker 2: over the moon. You're exactly where she wishes she could
Speaker 2: have been when she was, you know, bringing you up.
Speaker 2: And I think that that's just such a beautiful thing
Speaker 2: as well, but unfortunately that is all we have time
Speaker 2: for today. I am genuinely so grateful for this story.
Speaker 2: I think it's been fun and engaging, and I've loved
Speaker 2: learning about your wedding and where you've come from and
Speaker 2: what your plans are for the future. And I'm genuinely
Speaker 2: so excited to give you my money masterclass because I'm like,
Speaker 2: hold on, I think this could really help, Like I
Speaker 2: actually think this will get your stuff together so that
Speaker 2: you feel like an A plus sooner. So I'm very
Speaker 2: happy about this. So thank you so much for sharing
Speaker 2: your journey with us, and I hope our paths cross
Speaker 2: in person in the future at some point.
Speaker 3: Thank you so much for having me, and I'm really
Speaker 3: excited to do the course. Thank you again.
Speaker 4: The advice shared on She's on the Money is general
Speaker 4: in nature and does not consider your individual circumstances. She's
Speaker 4: on the Money exists purely for educational purposes and should
Speaker 4: not be relied upon to make an investment or financial decision.
Speaker 4: If you do choose to buy a financial product, read
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Speaker 2: Victoria divine and she's on the money.
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