1
00:00:00,640 --> 00:00:04,880
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or

2
00:00:04,960 --> 00:00:08,639
Speaker 1: the Order, Kernie Whoalbury and a waddery woman. And before

3
00:00:08,680 --> 00:00:11,119
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,160 --> 00:00:14,320
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,400 --> 00:00:17,759
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,120 --> 00:00:22,560
Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.

7
00:00:23,040 --> 00:00:27,160
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

8
00:00:27,200 --> 00:00:30,560
Speaker 1: the storytelling of you to make a difference for today

9
00:00:31,040 --> 00:00:34,159
Speaker 1: and lasting impact for tomorrow. Let's get into it.

10
00:00:34,320 --> 00:00:47,440
Speaker 2: She's on the Money, She's on the Money.

11
00:00:57,240 --> 00:00:59,920
Speaker 3: Hello, and welcome to She's on the Money, the pod

12
00:01:00,320 --> 00:01:03,400
Speaker 3: that turns your wallet from ghosted to gloat up. I'm

13
00:01:03,480 --> 00:01:06,839
Speaker 3: your host, Victoria Devine, and today, in this spookiest week

14
00:01:06,880 --> 00:01:09,720
Speaker 3: of the year, Halloween Week, we're diving into one of

15
00:01:09,760 --> 00:01:13,800
Speaker 3: the most hauntingly effective traps retailers set for us, which

16
00:01:13,840 --> 00:01:17,880
Speaker 3: is the psychology of discounts. And I couldn't think of

17
00:01:17,920 --> 00:01:20,800
Speaker 3: a better time to dive into this topic. To be honest,

18
00:01:21,319 --> 00:01:24,319
Speaker 3: Once spooky season wraps up, we're about to be haunted

19
00:01:24,360 --> 00:01:27,880
Speaker 3: by a different kind of monster. Are Black Friday, and

20
00:01:28,120 --> 00:01:30,840
Speaker 3: trust me, it's not just Black Friday. Boxing Day sales

21
00:01:30,840 --> 00:01:33,840
Speaker 3: are also creeping up right behind it. But don't worry,

22
00:01:33,840 --> 00:01:36,160
Speaker 3: because I am here to see you through all of

23
00:01:36,200 --> 00:01:39,080
Speaker 3: the tricks and only come away with the real treats.

24
00:01:39,120 --> 00:01:43,000
Speaker 3: So let's drump straight in. My trick Number one is

25
00:01:43,120 --> 00:01:47,559
Speaker 3: scarcity tactics. Have you ever seen on a website there's

26
00:01:47,600 --> 00:01:50,080
Speaker 3: only two left in stockhol this is the last day

27
00:01:50,120 --> 00:01:52,200
Speaker 3: for you to say fifty percent and then you get

28
00:01:52,240 --> 00:01:56,080
Speaker 3: a little pang of panic. That's what's called a scarcity tactic,

29
00:01:56,160 --> 00:01:59,800
Speaker 3: and it's actually a massive psychological trigger that retailers are

30
00:01:59,800 --> 00:02:03,000
Speaker 3: you to get hold of your money. And here is

31
00:02:03,080 --> 00:02:06,200
Speaker 3: how it works. So a retailer creates what we call

32
00:02:06,320 --> 00:02:09,240
Speaker 3: a false sense of urgency to trick your brain into

33
00:02:09,320 --> 00:02:12,200
Speaker 3: thinking that you need that thing right now, because otherwise

34
00:02:12,200 --> 00:02:14,800
Speaker 3: you'll miss out right. And I'm a fomo girl. Let's

35
00:02:14,840 --> 00:02:17,680
Speaker 3: be honest, who hasn't felt fomo when they see it's

36
00:02:17,760 --> 00:02:21,280
Speaker 3: a limited time offer? And the truth is a lot

37
00:02:21,320 --> 00:02:24,040
Speaker 3: of these and I think this is so sneaky. A

38
00:02:24,080 --> 00:02:27,240
Speaker 3: lot of these low stock warnings are actually just purely marketing,

39
00:02:27,320 --> 00:02:30,560
Speaker 3: which is designed to rush you into a purchase and

40
00:02:30,840 --> 00:02:33,200
Speaker 3: I'm stat scale, so I have another stat for you.

41
00:02:33,600 --> 00:02:37,000
Speaker 3: Did you know that forty two percent of Australians admit

42
00:02:37,080 --> 00:02:41,000
Speaker 3: to making impulse purchases that they later on regretted because

43
00:02:41,080 --> 00:02:46,240
Speaker 3: they fell victim to an urgency tactic. Obviously, that really

44
00:02:46,320 --> 00:02:49,120
Speaker 3: sucks and I totally get it because I have fallen

45
00:02:49,240 --> 00:02:51,800
Speaker 3: victim to those traps before. But next time you feel

46
00:02:51,880 --> 00:02:54,639
Speaker 3: rushed by a limited stock message, have a think about it,

47
00:02:54,680 --> 00:02:57,760
Speaker 3: take a deep breath and then wait twenty four hours

48
00:02:57,800 --> 00:03:00,640
Speaker 3: before making that purchase. If you still on it tomorrow,

49
00:03:00,680 --> 00:03:04,440
Speaker 3: then maybe it is worth it. The next trick that

50
00:03:04,520 --> 00:03:06,639
Speaker 3: I want to talk about is called anchoring, and this

51
00:03:06,680 --> 00:03:09,720
Speaker 3: is something that I think is relatively funny because anchoring

52
00:03:09,840 --> 00:03:11,840
Speaker 3: is something that I actually used to stay on track.

53
00:03:11,880 --> 00:03:14,320
Speaker 3: But when it comes to marketing, anchoring is something that

54
00:03:14,360 --> 00:03:18,560
Speaker 3: you've probably seen on TikTok on Instagram recently, because in

55
00:03:18,639 --> 00:03:22,000
Speaker 3: Australia it has been all over the news because the

56
00:03:22,000 --> 00:03:24,560
Speaker 3: big supermarkets have been doing it and they've actually been

57
00:03:24,680 --> 00:03:27,640
Speaker 3: called out consistently for it, and I think they should be.

58
00:03:28,040 --> 00:03:31,120
Speaker 3: But they've been called out for what's called illusionary discounts,

59
00:03:31,320 --> 00:03:33,799
Speaker 3: which is where they inflate the price for a couple

60
00:03:33,800 --> 00:03:36,280
Speaker 3: of weeks, only then to slash them back down to

61
00:03:36,320 --> 00:03:39,160
Speaker 3: what they actually could be. And if this sounds familiar,

62
00:03:39,440 --> 00:03:42,280
Speaker 3: there are a lot of TikTok videos flying around at

63
00:03:42,280 --> 00:03:45,120
Speaker 3: the moment where the price of let's say, dishwasher tablets

64
00:03:45,360 --> 00:03:49,080
Speaker 3: has gone up over a few weeks, and then they

65
00:03:49,120 --> 00:03:52,120
Speaker 3: discount them back to the original price, so it's not

66
00:03:52,200 --> 00:03:55,040
Speaker 3: really a discount at all, and you think you're getting

67
00:03:55,040 --> 00:03:57,280
Speaker 3: a good deal because when you're walking through the supermarket,

68
00:03:57,280 --> 00:04:00,000
Speaker 3: you see the little yellow flag and go, great, this product,

69
00:04:00,080 --> 00:04:02,560
Speaker 3: it's on sale. I'll purchase it, but we're not thinking

70
00:04:02,600 --> 00:04:06,280
Speaker 3: too deeply about what the actual price is. Well, in psychology,

71
00:04:06,360 --> 00:04:09,760
Speaker 3: this is called the anchoring effect, and it's literally everywhere.

72
00:04:09,800 --> 00:04:12,080
Speaker 3: It's designed to make you think that you're getting a

73
00:04:12,120 --> 00:04:14,760
Speaker 3: really good deal, but in reality, you're just paying the

74
00:04:14,800 --> 00:04:17,520
Speaker 3: regular price and it's wrapped up in a shiny discount bow.

75
00:04:17,560 --> 00:04:20,000
Speaker 3: And I think that that is trash because your brain

76
00:04:20,160 --> 00:04:22,400
Speaker 3: is being tricked into thinking that you're getting a steal

77
00:04:22,480 --> 00:04:24,920
Speaker 3: when it's actually just back down to the normal price,

78
00:04:25,360 --> 00:04:27,960
Speaker 3: and historically you were getting an even better discount before.

79
00:04:28,000 --> 00:04:31,400
Speaker 3: And this trick creates what's called an anchor in your mind.

80
00:04:31,480 --> 00:04:35,560
Speaker 3: And that high price makes the sale price look absolutely irresistible,

81
00:04:35,880 --> 00:04:38,440
Speaker 3: even though it wasn't really a deal to begin with.

82
00:04:38,960 --> 00:04:41,320
Speaker 3: As I said earlier in the show, I'm statscale. I

83
00:04:41,360 --> 00:04:44,120
Speaker 3: love to read, I love to do some research. But

84
00:04:44,200 --> 00:04:47,640
Speaker 3: there was a study done recently in Dan Ellie's book

85
00:04:47,760 --> 00:04:51,719
Speaker 3: Predictively Irrational, and it actually showed that the anchoring effect

86
00:04:51,839 --> 00:04:55,000
Speaker 3: is so strong that people will pay up to fifty

87
00:04:55,080 --> 00:04:59,280
Speaker 3: percent more for items when they see the original inflated

88
00:04:59,320 --> 00:05:03,000
Speaker 3: price tag. It's so rude, it makes me so mad.

89
00:05:03,400 --> 00:05:06,240
Speaker 3: So before you get too excited about seeing a discount,

90
00:05:06,279 --> 00:05:07,880
Speaker 3: I think it's important to do a little bit of

91
00:05:07,920 --> 00:05:10,680
Speaker 3: detective work that, let's be honest, we shouldn't have to

92
00:05:10,680 --> 00:05:14,240
Speaker 3: do but check the price history online or better get

93
00:05:14,320 --> 00:05:17,359
Speaker 3: see if other stores are offering it cheaper. Sometimes the

94
00:05:17,440 --> 00:05:19,560
Speaker 3: sale isn't that much of a treat. It's actually a

95
00:05:19,640 --> 00:05:22,880
Speaker 3: massive trick, all right. So we've covered two tricks that

96
00:05:23,000 --> 00:05:25,800
Speaker 3: retailers absolutely love to pull on us. But trust me,

97
00:05:26,400 --> 00:05:29,960
Speaker 3: the spookiest of ones is still lurking right around the corner.

98
00:05:30,000 --> 00:05:32,159
Speaker 3: After the break, I'm going to reveal the trick that

99
00:05:32,240 --> 00:05:34,599
Speaker 3: can get you to spend up to one hundred and

100
00:05:34,760 --> 00:05:38,840
Speaker 3: fifty percent more how rude, it is frightful, So don't

101
00:05:38,839 --> 00:05:45,800
Speaker 3: go anywhere unless you want your wallet to scream Welcome back,

102
00:05:45,960 --> 00:05:49,000
Speaker 3: my friends. I hope you've been finding my commentary as

103
00:05:49,000 --> 00:05:51,119
Speaker 3: cringe as I have been, but I have been having

104
00:05:51,240 --> 00:05:53,839
Speaker 3: the best time with this. So get ready to be

105
00:05:53,920 --> 00:05:56,400
Speaker 3: haunted by this next trick because it can have you

106
00:05:56,480 --> 00:05:58,919
Speaker 3: spending up to one hundred and fifty percent more than

107
00:05:58,960 --> 00:06:01,680
Speaker 3: you planned. And no, it's not a ghost emptying your

108
00:06:01,680 --> 00:06:04,760
Speaker 3: bank account. It's the infamous buy one, get one free

109
00:06:04,800 --> 00:06:08,159
Speaker 3: deal and it's coming to trick your wallet right about now.

110
00:06:08,480 --> 00:06:10,960
Speaker 3: So buy one, get one free sounds like an no brainer,

111
00:06:11,040 --> 00:06:13,800
Speaker 3: right because double the goods for the same price. But

112
00:06:14,080 --> 00:06:17,160
Speaker 3: my friend, do you actually need two of those things?

113
00:06:17,320 --> 00:06:20,520
Speaker 3: This deal actually plays on our fear of missing out.

114
00:06:20,520 --> 00:06:22,960
Speaker 3: It goes back to that concept of fomo. If we

115
00:06:23,080 --> 00:06:25,440
Speaker 3: don't grab that extra item, we feel like we're losing

116
00:06:25,480 --> 00:06:28,919
Speaker 3: something valuable, but in reality, you're just buying more stuff

117
00:06:28,960 --> 00:06:32,039
Speaker 3: that you didn't need in the first place. Back to

118
00:06:32,080 --> 00:06:34,840
Speaker 3: being Statscal, I love to read, and when I was

119
00:06:34,880 --> 00:06:37,640
Speaker 3: researching this episode, I was reading the Journal of Retailing

120
00:06:37,680 --> 00:06:41,800
Speaker 3: and Consumer Services, and research in that journal showed that

121
00:06:41,920 --> 00:06:45,480
Speaker 3: buy one, get one free, promotions can increase sales by

122
00:06:45,600 --> 00:06:49,279
Speaker 3: up to one hundred and fifty percent because consumers are

123
00:06:49,320 --> 00:06:52,560
Speaker 3: tricked into perceiving that there is more value in receiving

124
00:06:52,600 --> 00:06:56,120
Speaker 3: something for free than in receiving a discount of equivalent

125
00:06:56,160 --> 00:06:59,800
Speaker 3: monetary value. So here's a quick tip. When it comes

126
00:06:59,800 --> 00:07:02,680
Speaker 3: to buy one, get one free deals, Often they're just

127
00:07:02,760 --> 00:07:06,120
Speaker 3: a way of retailers to actually clear out additional stock. Like,

128
00:07:06,160 --> 00:07:08,640
Speaker 3: think about it, why would you give an additional product

129
00:07:08,640 --> 00:07:11,720
Speaker 3: for free when you technically don't have to. It's probably

130
00:07:11,720 --> 00:07:14,200
Speaker 3: because they overbought that product, or have too much of

131
00:07:14,200 --> 00:07:16,520
Speaker 3: it in stock, or it's going off soon. So before

132
00:07:16,560 --> 00:07:19,040
Speaker 3: grabbing that free item, I want you to think to yourself,

133
00:07:19,200 --> 00:07:22,080
Speaker 3: would I buy two if they weren't bundled together? Or

134
00:07:22,080 --> 00:07:24,960
Speaker 3: am I just helping them clear their shelves and get

135
00:07:25,080 --> 00:07:29,040
Speaker 3: rid of some stock. Retailers are genuinely they're banking on

136
00:07:29,120 --> 00:07:32,080
Speaker 3: you grabbing items that you don't really need. So don't

137
00:07:32,120 --> 00:07:34,280
Speaker 3: let them cash in on that impulse that you are

138
00:07:34,280 --> 00:07:38,040
Speaker 3: currently having, because they're tricking you, all right. Another trick

139
00:07:38,120 --> 00:07:40,440
Speaker 3: I want to talk about is social proof, and this

140
00:07:40,480 --> 00:07:43,400
Speaker 3: one is I would argue one of the most powerful

141
00:07:43,560 --> 00:07:46,400
Speaker 3: ones ever. Have you ever noticed down the bottom of

142
00:07:46,440 --> 00:07:49,000
Speaker 3: a website, like when you're shopping online there's a little

143
00:07:49,040 --> 00:07:52,000
Speaker 3: pop up that says Beck just brought this, or ten

144
00:07:52,040 --> 00:07:54,960
Speaker 3: people are viewing this right now, or maybe you've scrolled

145
00:07:55,000 --> 00:07:58,440
Speaker 3: through a sea of glowing product reviews online and thought, well,

146
00:07:58,680 --> 00:08:01,600
Speaker 3: everyone loves it like this. This is validating the fact

147
00:08:01,720 --> 00:08:03,480
Speaker 3: that I wanted it. It must be great. I need

148
00:08:03,520 --> 00:08:06,880
Speaker 3: it too, my friend. Welcome to the world of social proof,

149
00:08:07,040 --> 00:08:09,880
Speaker 3: where retailers are using the power of the crowd to

150
00:08:10,000 --> 00:08:13,160
Speaker 3: get you to purchase their products. So, my friend, how

151
00:08:13,200 --> 00:08:16,600
Speaker 3: does it work social proof? It actually taps into our

152
00:08:16,680 --> 00:08:19,880
Speaker 3: instinct to follow the herd. So, whether it's those little

153
00:08:19,880 --> 00:08:21,880
Speaker 3: pop ups on the website that show us that other

154
00:08:21,920 --> 00:08:24,880
Speaker 3: people are buying this or a flood of five star reviews,

155
00:08:25,160 --> 00:08:28,160
Speaker 3: retailers are playing on our fear of missing out again

156
00:08:28,480 --> 00:08:31,520
Speaker 3: and our natural tendency to just trust what other people

157
00:08:31,560 --> 00:08:33,959
Speaker 3: are doing. I mean, if everyone's doing it, it can't be.

158
00:08:33,920 --> 00:08:34,720
Speaker 1: That bad, right.

159
00:08:35,320 --> 00:08:37,880
Speaker 3: They know that we assume that if something is popular,

160
00:08:37,920 --> 00:08:40,360
Speaker 3: it must be worth it. Those best seller tags or

161
00:08:40,360 --> 00:08:43,800
Speaker 3: those tags that say as seen on TikTok, or maybe

162
00:08:43,800 --> 00:08:47,120
Speaker 3: notifications that say Jane in Sydney just bought this they're

163
00:08:47,160 --> 00:08:50,080
Speaker 3: actually all designed to make us feel like we need

164
00:08:50,120 --> 00:08:54,280
Speaker 3: to join in on the purchasing. So again, research that

165
00:08:54,360 --> 00:08:57,760
Speaker 3: we were doing while making this episode led me to

166
00:08:57,960 --> 00:09:01,520
Speaker 3: a study from bright Local which found that eighty eight

167
00:09:01,559 --> 00:09:05,720
Speaker 3: percent of consumers trust online reviews as much as they

168
00:09:05,760 --> 00:09:10,760
Speaker 3: trust personal recommendations. And I think that that's really dangerous

169
00:09:11,000 --> 00:09:15,160
Speaker 3: because sometimes they're paid, sometimes they aren't disclosed that they

170
00:09:15,320 --> 00:09:18,400
Speaker 3: might even be made up. So next time you're tempted

171
00:09:18,559 --> 00:09:20,800
Speaker 3: by glowing reviews that you see online, or you're seeing

172
00:09:20,840 --> 00:09:23,240
Speaker 3: a pop up notification, I need you to ask yourself,

173
00:09:23,520 --> 00:09:25,520
Speaker 3: do I actually want this? Or am I just starting

174
00:09:25,559 --> 00:09:28,360
Speaker 3: to fall for the hype because everybody else is doing it.

175
00:09:28,440 --> 00:09:30,760
Speaker 3: Everybody else seems to have it, so it must be good.

176
00:09:31,440 --> 00:09:34,080
Speaker 3: Just because something's popular doesn't mean it's the right fit

177
00:09:34,120 --> 00:09:37,840
Speaker 3: for you. So, my friend, do not let Fomo control

178
00:09:37,880 --> 00:09:38,439
Speaker 3: your spending.

179
00:09:39,080 --> 00:09:39,439
Speaker 1: All right?

180
00:09:39,520 --> 00:09:42,400
Speaker 3: One last one before I let you have your Saturday back.

181
00:09:42,520 --> 00:09:46,760
Speaker 3: My friend's free shipping thresholds. We've all been there. The

182
00:09:46,800 --> 00:09:49,640
Speaker 3: cart it's just under the free shipping threshold and they're

183
00:09:49,679 --> 00:09:52,160
Speaker 3: smart about it, right, So you add a few extra

184
00:09:52,200 --> 00:09:54,200
Speaker 3: items just to hit the magical numbers so that you

185
00:09:54,240 --> 00:09:56,640
Speaker 3: don't have to pay like ten or fifteen dollars in shipping.

186
00:09:57,120 --> 00:10:01,000
Speaker 3: But are those extra purchases worth there? For real? My friend?

187
00:10:01,200 --> 00:10:03,920
Speaker 3: Are you adding a forty dollars product to your cart

188
00:10:04,000 --> 00:10:05,000
Speaker 3: to save ten dollars?

189
00:10:05,880 --> 00:10:06,080
Speaker 1: No.

190
00:10:06,840 --> 00:10:10,320
Speaker 3: Retailers often offer free shipping when you spend a certain amount,

191
00:10:10,640 --> 00:10:13,080
Speaker 3: which often nudges you to add a few more things

192
00:10:13,080 --> 00:10:16,200
Speaker 3: to your cart than originally planned. This then taps into

193
00:10:16,240 --> 00:10:19,360
Speaker 3: your desire to avoid what feels like a penalty like

194
00:10:19,679 --> 00:10:22,240
Speaker 3: I don't want to pay for my shipping, by making

195
00:10:22,280 --> 00:10:24,480
Speaker 3: you overspend on products that you don't actually need just

196
00:10:24,559 --> 00:10:27,040
Speaker 3: so that you can avoid the fee. And it's actually insane,

197
00:10:27,080 --> 00:10:29,520
Speaker 3: and there's so much research that goes into this, right, Like,

198
00:10:29,840 --> 00:10:32,080
Speaker 3: go on your favorite dress website and have a look

199
00:10:32,120 --> 00:10:34,440
Speaker 3: at what the average price of addresses. I can almost

200
00:10:34,559 --> 00:10:37,600
Speaker 3: guarantee that average price is let's call it, like one

201
00:10:37,679 --> 00:10:40,480
Speaker 3: hundred and nineteen dollars. But the sign up the top

202
00:10:40,520 --> 00:10:42,679
Speaker 3: of the website that says spend over one hundred and

203
00:10:42,720 --> 00:10:45,480
Speaker 3: twenty dollars and you get free shipping. I see what

204
00:10:45,520 --> 00:10:48,680
Speaker 3: you're doing there, and so do you? Now, my friend? Again,

205
00:10:48,800 --> 00:10:52,040
Speaker 3: we were doing some research when putting this episode together,

206
00:10:52,480 --> 00:10:56,000
Speaker 3: and according to a study by Commscore, fifty eight percent

207
00:10:56,040 --> 00:10:59,200
Speaker 3: of online shoppers add additional items to their cart just

208
00:10:59,240 --> 00:11:01,880
Speaker 3: to qualify for free shipping, which means that they are

209
00:11:01,960 --> 00:11:05,440
Speaker 3: often spending more than they would on the shipping itself.

210
00:11:06,080 --> 00:11:09,040
Speaker 3: So before you decide to add a few extra items

211
00:11:09,080 --> 00:11:10,920
Speaker 3: to your carts so that you don't have to pay

212
00:11:10,960 --> 00:11:13,480
Speaker 3: for shipping, what I would do is compare the cost

213
00:11:13,520 --> 00:11:17,239
Speaker 3: of paying for shipping versus buying things that you literally

214
00:11:17,360 --> 00:11:20,800
Speaker 3: do not need. Often paying the small shipping free is

215
00:11:20,840 --> 00:11:23,680
Speaker 3: a more budget friendly option, even though in the moment

216
00:11:23,760 --> 00:11:27,200
Speaker 3: it feels like the wrong decision. All right, I feel

217
00:11:27,240 --> 00:11:31,040
Speaker 3: like we have taken an arguably terrifying tour through some

218
00:11:31,160 --> 00:11:34,120
Speaker 3: of the spookiest tricks that retailers are using to spook

219
00:11:34,120 --> 00:11:38,079
Speaker 3: your wallet, from scarcity tactics, to anchoring buy one, get

220
00:11:38,120 --> 00:11:41,520
Speaker 3: one free deals, social proof, and even free shipping threshold.

221
00:11:41,640 --> 00:11:45,120
Speaker 3: But here's the real trick to stay safe during sales season.

222
00:11:45,400 --> 00:11:47,240
Speaker 3: I want you to have a plan. I want you

223
00:11:47,280 --> 00:11:50,000
Speaker 3: to stick to it, and, as I've said a million

224
00:11:50,040 --> 00:11:52,120
Speaker 3: times before, I sound like a broken record and I

225
00:11:52,160 --> 00:11:56,040
Speaker 3: am not sorry, put twenty four hours between you and

226
00:11:56,080 --> 00:11:59,080
Speaker 3: your purchase. Maybe I'm saying this because I need that

227
00:11:59,200 --> 00:12:02,040
Speaker 3: advice and how you sometimes tell your friends things that

228
00:12:02,120 --> 00:12:04,680
Speaker 3: you actually need to hear yourself. That's me because it

229
00:12:04,800 --> 00:12:07,560
Speaker 3: is so easy to be distracted by all of the

230
00:12:07,600 --> 00:12:10,040
Speaker 3: shiny things and feel like you are scoring a win

231
00:12:10,160 --> 00:12:12,440
Speaker 3: when you see a sign that says it's a limited

232
00:12:12,480 --> 00:12:16,040
Speaker 3: stock or there's free shipping, or this sale ends on Monday.

233
00:12:16,120 --> 00:12:18,520
Speaker 3: But if you don't need it, or it wasn't on

234
00:12:18,559 --> 00:12:21,080
Speaker 3: your shopping list to begin with, my friend, it's not

235
00:12:21,120 --> 00:12:23,560
Speaker 3: a treat. It's just a trick, and it's another way

236
00:12:23,559 --> 00:12:26,320
Speaker 3: if your retailer is to be luring you in. So

237
00:12:26,760 --> 00:12:29,360
Speaker 3: having a budget and knowing exactly what you want before

238
00:12:29,360 --> 00:12:32,439
Speaker 3: you go shopping is going to help you avoid falling

239
00:12:32,440 --> 00:12:35,240
Speaker 3: for these tricks. The other thing I want you to

240
00:12:35,280 --> 00:12:38,080
Speaker 3: do is just take a breather. If you're in this

241
00:12:38,200 --> 00:12:41,080
Speaker 3: situation that I have found myself in a million times,

242
00:12:41,120 --> 00:12:43,040
Speaker 3: where I've got this urge to buy something because it's

243
00:12:43,080 --> 00:12:46,079
Speaker 3: on sale, or I'm feeling really stressed because I don't

244
00:12:46,120 --> 00:12:49,200
Speaker 3: want to miss out. Back to that twenty four hour

245
00:12:49,280 --> 00:12:53,000
Speaker 3: trick right, put it on your notes app, take a

246
00:12:53,040 --> 00:12:55,439
Speaker 3: screenshot of it, don't forget it. You don't have to

247
00:12:55,480 --> 00:12:57,839
Speaker 3: forget it at all. But if you then still want

248
00:12:57,880 --> 00:13:00,520
Speaker 3: it tomorrow. It might be worth it. If you've already

249
00:13:00,559 --> 00:13:03,679
Speaker 3: forgotten about it. Oh, you've probably dodged a trick. And

250
00:13:03,840 --> 00:13:06,560
Speaker 3: how many screenshots have you taken my friend that you've

251
00:13:06,559 --> 00:13:09,560
Speaker 3: completely forgotten about. I am so guilty of doing that.

252
00:13:09,840 --> 00:13:11,760
Speaker 3: I always go, oh, I'll just screenshot that because I

253
00:13:11,800 --> 00:13:14,440
Speaker 3: need to save it for later. I don't need it later.

254
00:13:14,880 --> 00:13:18,400
Speaker 3: I've just got fomo. I have literally a graveyard of

255
00:13:18,400 --> 00:13:22,280
Speaker 3: screenshots in my phone. So before we wrap things up,

256
00:13:22,559 --> 00:13:24,959
Speaker 3: if you've been loving these episodes and want to stay

257
00:13:25,000 --> 00:13:27,960
Speaker 3: ahead of the money game, don't forget to hit subscribe

258
00:13:28,000 --> 00:13:30,679
Speaker 3: to She's on the Money. We've got heaps more tips

259
00:13:30,679 --> 00:13:33,160
Speaker 3: coming your way to help you navigate sales spending in

260
00:13:33,320 --> 00:13:36,880
Speaker 3: all things money. Well, I'm off to make my Halloween

261
00:13:36,880 --> 00:13:40,720
Speaker 3: costume because miss jessic Ricci is expecting nothing less. I

262
00:13:40,760 --> 00:13:42,320
Speaker 3: think I'm going to go as a gender pay gap

263
00:13:42,320 --> 00:13:45,560
Speaker 3: because I think that's really scary, because what is scarier

264
00:13:45,600 --> 00:13:48,760
Speaker 3: than women earning twenty two percent less than a man

265
00:13:48,920 --> 00:13:51,679
Speaker 3: for the same job. Anyway, me having a little bit

266
00:13:51,679 --> 00:13:53,760
Speaker 3: of a round about the gender pay gap again. Anyway,

267
00:13:53,800 --> 00:13:56,360
Speaker 3: Wishing you a fantastic weekend, and for those of you

268
00:13:56,400 --> 00:14:05,720
Speaker 3: who do celebrate, have a spectacular Halloween, my friends. The

269
00:14:05,800 --> 00:14:08,320
Speaker 3: advice shared on She's on the Money is general in

270
00:14:08,440 --> 00:14:12,240
Speaker 3: nature and does not consider your individual circumstances. She's on

271
00:14:12,280 --> 00:14:15,760
Speaker 3: the Money exists purely for educational purposes and should not

272
00:14:15,840 --> 00:14:18,800
Speaker 3: be relied upon to make an investment or financial decision.

273
00:14:19,200 --> 00:14:21,640
Speaker 3: If you do choose to buy a financial product, read

274
00:14:21,680 --> 00:14:25,840
Speaker 3: the PDS TMD and obtain appropriate financial advice tailored towards

275
00:14:25,840 --> 00:14:29,120
Speaker 3: your needs. Victoria Divine and She's on the Money are

276
00:14:29,200 --> 00:14:33,960
Speaker 3: authorized representatives of money. Sheper Pty Ltd a BN three

277
00:14:34,000 --> 00:14:37,240
Speaker 3: two one six four nine two seven seven zero eight

278
00:14:37,560 --> 00:14:41,200
Speaker 3: AFSL four five one two eight nine