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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 Kerni 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.

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Speaker 3: She's on the Money.

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Speaker 4: Hello, and welcome to She's on Them, the podcast for

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Speaker 4: millennials who want financial freedom.

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Speaker 2: Today, my friends, it is a Friday. It is one

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Speaker 2: of our favorite days of the week, so it is

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Speaker 2: time to get my little team together and celebrate you,

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Speaker 2: our gorgeous She's on the Money community today ms Greed.

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Speaker 2: She is going to be sharing her favorite money wins.

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Speaker 2: Beck Sayed, who is very husky, is going to be

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Speaker 2: sharing her best broke tips, and we're going to be

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Speaker 2: helping to answer juicy money dilemma, which this week is

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Speaker 2: all about deciding how to funnel your savings. Then on

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Speaker 2: the other side of the show, we are going to

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Speaker 2: be unpacking something you slid into our DMS about this week.

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Speaker 2: We're talking about Christmas gift etiquette. Before we get any

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Speaker 2: further into the show, misters Gricci, how is your week

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Speaker 2: been going?

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Speaker 4: Ah?

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Speaker 2: I oh no, I feel like I feel like this

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Speaker 2: year you're so ready to write off?

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Speaker 3: Yeah, I was gonna say, I think I'm just tearing

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Speaker 3: on the edge of a mental breakdown. But aren't we

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Speaker 3: all at this time of year? Right?

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Speaker 2: Ah? Yes, absolutely, like I'm done with this year. Twenty

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Speaker 2: twenty three can get in the bin. I'm so ready

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Speaker 2: for twenty twenty four.

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Speaker 3: Agree.

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Speaker 2: I just yeah, I'm a bit done.

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Speaker 4: Me too.

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Speaker 3: I riached my pants this morning and I just really like,

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Speaker 3: how how would you go on that thing that.

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Speaker 2: Happened to you?

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Speaker 3: On my butt? And I'm so upset because these are

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Speaker 3: my favorite Alice Kadie Abounds, you should color the bum's like, yeah,

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Speaker 3: they're free broke tips.

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Speaker 2: She's like, color You're spinning with a permanent marker and

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Speaker 2: you won't be able to see.

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Speaker 4: It's a giving season. I'm gonna they're.

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Speaker 3: Brown, not black.

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Speaker 2: Though that's the only get a different text of Jesse Carr.

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Speaker 3: If anyone in the office has a brown textile, I'll borrow.

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Speaker 4: I will slide into lskt's and be like, Hi, So

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Speaker 4: those brown flare leggings that you used to make.

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Speaker 3: I think they don't sell them anyone's do you have?

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Speaker 2: I know they don't sell them anymore because I wanted

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Speaker 2: a pair and they're sold out. But I'll slide into

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Speaker 2: their dams and be like, excuse me, do you have

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Speaker 2: any floating around to the office. Do you have a

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Speaker 2: staff member that was gifted them and doesn't wear them

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Speaker 2: enough to deserve to keep them?

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Speaker 3: Yeah, they're secondhand.

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Speaker 2: Yeah, we don't even care. I can stitch them up

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Speaker 2: for you, but I feel like leggings stitched up is.

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Speaker 2: It's hard, but we can definitely do it anyway. How

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Speaker 2: are your pants back?

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Speaker 4: My pants are currently stained as usual, but otherwise wholeless.

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Speaker 2: Houllless they are. I'm impressed.

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Speaker 4: I'm really sorry. In advance to everyone listening, I've lost

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Speaker 4: my voice. I think it's what you had.

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Speaker 2: For I think bronchitis is definitely going around.

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Speaker 4: I think so.

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Speaker 2: I mean, I'm I'm going to say I sounded even

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Speaker 2: better than you did.

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Speaker 4: I usually love a husky voice, but I read it.

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Speaker 4: I don't know if I like this one.

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Speaker 2: No no, no, no no. I like I sounded worse. Like I

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Speaker 2: wasn't trying to say, oh, I sounded so sexy. I

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Speaker 2: actually sounded like a demonic demon that's hot.

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Speaker 5: Yeah.

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Speaker 2: Like, I was trying to get through the week the

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Speaker 2: other week and Maddie called me in the morning and

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Speaker 2: I was like, Hey, this is what we're going to

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Speaker 2: do today, like any questions. Farra and I started talking

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Speaker 2: and she's like, right, I'm calling you on producer because

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Speaker 2: there's no way you're allowed on the show. And I

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Speaker 2: was like, but I want to go here, and she

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Speaker 2: was like, absolutely not. You don't even sound sexy. You

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Speaker 2: sound disgusting. And I was like, you know what, I

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Speaker 2: appreciate an honest team.

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Speaker 4: That's fair. Yeah, but my week's been otherwise good. I

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Speaker 4: feel like my symptoms physically, I'm not really there. I

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Speaker 4: literally just have no voice, and so what do I

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Speaker 4: do with myself? But the week's been great. You know,

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Speaker 4: it's it's festive season. I'm feeling so excited and so

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Speaker 4: so festive, so festive, how about you, pe, I'm.

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Speaker 2: Honestly same as jess I mean probably haven't been thrown

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Speaker 2: under the buses many times by the world as jess

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Speaker 2: in the last year.

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Speaker 4: You know what I did.

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Speaker 2: At least you're acknowledging it, Like I don't know what

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Speaker 2: you did in a past life that it was bad.

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Speaker 4: Juju, Jessica, why is it happening right now?

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Speaker 3: Literally at the end of it's all compounding, giving me

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Speaker 3: a mental breakown the gator rates.

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Speaker 2: In the microwave with you. My week has been good,

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Speaker 2: you know, the lead up to Christmas, I feel like

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Speaker 2: there's a a lot of pressure to have already organized

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Speaker 2: all your Christmas presents, Like I'm seeing it on TikTok

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Speaker 2: and like, don't get me wrong, like I haven't organized

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Speaker 2: all of my Christmas presents yet. But in my head,

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Speaker 2: leaving Christmas shopping to the last minute actually means doing

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Speaker 2: all your Christmas shopping like Sunday, so like the day

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Speaker 2: boxing Christmas or like you know, on Christmas Eve. Like

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Speaker 2: to me, that's last minute if you're buying presents in

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Speaker 2: the week leading up to Christmas, Like, mate, you're prepared.

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Speaker 2: In my head, you're prepared. That's organized. So I feel

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Speaker 2: like there's a lot of I don't know. I'm on

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Speaker 2: TikTok and they're like, if you haven't organized all your

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Speaker 2: presence by now, you're behind. I'm like, so I'm blocking you.

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Speaker 2: I don't need that type of energy right now.

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Speaker 4: No. Yeah. Also personally, I'm not doing gifts.

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Speaker 2: Also, I am the gift bye exactly that.

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Speaker 4: No physical gifts, no physical gifts from you. I don't

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Speaker 4: think so I rate that. Yeah, I think, I think.

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Speaker 2: I think that's great.

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Speaker 4: Maybe Chocky's at most. Yeah, well you gave us the

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Speaker 4: chockey before, which was very, very nice. We'll talk about

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Speaker 4: that later in the show though, because we're going to

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Speaker 4: talk about Christmas gift etiquette and I would love to know.

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Speaker 2: Your thoughts on that. But before we get there, that's

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Speaker 2: the other half of the show. Guys, stop getting ahead

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Speaker 2: of yourself too excited. We get to hear from miss

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Speaker 2: Jesz Gricci what her favorite community money wins were. So,

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Speaker 2: jess what money wins? All confessions have you got to

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Speaker 2: share this week?

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Speaker 3: Starting off with a slightly self indulgent one from Anna,

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Speaker 3: which money win? It's taking me the better part of

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Speaker 3: this year, but I finally listened to every She's on

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Speaker 3: the Money and Business Bible episode. I've made so many

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Speaker 3: changes in my life with more to come next year

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Speaker 3: to put myself and my children in a far better

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Speaker 3: financial standing, adore.

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Speaker 2: But also, I'm so sorry you had to go through that.

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Speaker 3: Well, don't Anna.

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Speaker 4: That is a lot of ep that is so that's

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Speaker 4: like five hundred plus episode, so many episodes.

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Speaker 3: Incredible work. Next, I've got one from Rebecca who said

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Speaker 3: I did a huge Christmas grocery shop today and I

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Speaker 3: spent no money. I redeemed my Flatbys points which I've

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Speaker 3: been collecting for the year to pay for it after

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Speaker 3: saving over three hundred dollars worth. And then she gave

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Speaker 3: us a cheeky pro tip to get a one pass

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Speaker 3: membership because you get free shipping and bonus fly byes

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Speaker 3: points at Kmart, Bunnings, et cetera. And it adds up

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Speaker 3: really quickly. Who fix lay.

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Speaker 4: That's incredible.

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Speaker 3: Next, I've got one from Domenica, and I kind of

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Speaker 3: just have questions because she said.

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Speaker 2: You're like, I have questions. This is why it's going

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Speaker 2: on the show.

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Speaker 3: I'm gonna have questions too. She said, I picked up

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Speaker 3: three extra shifts at work, which was an extra three

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Speaker 3: thousand dollars.

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Speaker 2: I'm sorry what you're.

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Speaker 3: I have questions, Dominica, are you recruiting because.

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Speaker 2: Jessica is currently doing what are you doing? Just a

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Speaker 2: thousand dollar challenge at the moment on TikTok, which is

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Speaker 2: very cool, very creative. I'm also like, excuse me, are

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Speaker 2: you not getting paid enough if she's on the money.

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Speaker 2: But okay, so she's trying to save one thousand dollars

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Speaker 2: in the next month, she could just do one of

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Speaker 2: Domenica's shifts.

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Speaker 3: Yes, literally, here's me trying to be creative and I'm

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Speaker 3: recycling bottles and returning like I'm.

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Speaker 2: Trying like she's to, which we honestly respect, mad respect.

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Speaker 2: But and then is like, oh, yeah, by the way,

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Speaker 2: I do that in one shift at work. Wow, Domerica,

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Speaker 2: you can't just drop that and then not tell us

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Speaker 2: what you do for work, because I cannot think of

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Speaker 2: a job that has one thousand dollars shift that you

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Speaker 2: can just pick up if you want chess.

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Speaker 4: Yeah, sobe an announcer.

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Speaker 3: Yeah, I'm going to head back to that to announcer.

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Speaker 4: Like a radio announcer.

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Speaker 3: Maybe are you famous?

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Speaker 2: Famous?

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Speaker 3: We're gonna We're gonna go back to the comments because

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Speaker 3: I'm sure Dominica is gonna let us know what Dominica

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Speaker 3: and I'll be sliding into herms.

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Speaker 2: Can you not slide into Jessica's dms? I actually want

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Speaker 2: to keep her on the team.

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Speaker 3: Next, I've got a money in from Phoebe who said,

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Speaker 3: I didn't order any of you, but it's last week.

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Speaker 4: Good for you, simple, but.

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Speaker 3: A good one.

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Speaker 2: I can't relate.

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Speaker 4: I love that. No, I correlate this time.

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Speaker 3: Movie up. Sorry, all bets are out the window. Next,

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Speaker 3: I've got a money in from Sanade, who said, win,

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Speaker 3: I got three squish mellows at the Salvos for two

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Speaker 3: dollars instead of paying thirty five dollars each at the shops.

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Speaker 3: Everyone's happy.

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Speaker 2: Just do you remember last year when we were shopping

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Speaker 2: Christmas shopping together and we could not find the squish

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Speaker 2: mellow she wanted. Yes, we went to like every single

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Speaker 2: shop finding squish meallows feel. I think it was your nace.

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Speaker 4: And what's a squish mellow.

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Speaker 2: It's like a giant toy.

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Speaker 3: They're like squishy, flushy toy.

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Speaker 4: Cute. Okay, they look like a marshmallow.

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Speaker 3: Yeah, kind they do all different. This is such a

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Speaker 3: side note. They do all different characters. I've ended up

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Speaker 3: on jelly Cat TikTok is anyone else there.

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Speaker 2: I'm a Jellycat Christmas tree. I want to do what's

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Speaker 2: so bad?

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Speaker 3: So jelly Cats are like a booge as toy and

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Speaker 3: they do these like really fun They're adorable. I'll show

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Speaker 3: you a phone like fifty bucks toy soft toy. They

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Speaker 3: do a marshmallow That's what I think that they do,

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Speaker 3: like the set of marshmallow twins that are really cute.

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Speaker 3: They do little croissants.

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Speaker 4: Oh, I love that was showing us right now. That's

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Speaker 4: very cute.

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Speaker 3: But it's one of those things that great gift. Would

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Speaker 3: not pay full price for it. But just want to

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Speaker 3: say said, I highly rate the idea of getting your

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Speaker 3: gifts at the shop for Christmas.

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Speaker 2: That's genius. Agreed, that's absolutely genius. What else have you got, Jess?

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Speaker 3: That's actually I thought a good one to wrap it

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Speaker 3: up with Christmas Christmas win.

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Speaker 2: Love, great love. All right, Beck, you gave us the

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Speaker 2: broke tip earlier of just coloring in your skin when

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Speaker 2: you rip your leggings, and that was really really good.

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Speaker 3: One that I will in fact probably take you up on.

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Speaker 4: Yes, but I'm not actually going to be letting you

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Speaker 4: use that as you're one of three today. So what

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Speaker 4: broke tips you bringing to the table this week? Okay,

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Speaker 4: so I'm going to do my very best and sorry

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Speaker 4: in advance for the listeners who are so sick in

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Speaker 4: my voice right now.

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Speaker 3: No, they all love it. We're assuming they love it.

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Speaker 4: Okay, we're assuming they love it. So my first one

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Speaker 4: comes from Saz, who says, the grass is currently seating

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Speaker 4: right now, so you can know it scatter the seeds

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Speaker 4: on patchy parts of your lawn and it works really well.

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Speaker 4: That's something I never knew.

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Speaker 2: That's something I would make my husband do.

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Speaker 4: Yes, be honest, the feminism leaves my body when things.

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Speaker 3: Are That is my boyfriend's dot. We have this argument

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Speaker 3: every week because I'm like, the law needs to be

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Speaker 3: married and he's like, okay, well then mow the lawn

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Speaker 3: just to be like annoying because he's like, well, when

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Speaker 3: you're gonna do you know what I mean?

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Speaker 2: And I'm like, well, I would actually write because I

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Speaker 2: know how much housework just does, so I'd be like, really,

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Speaker 2: we're gonna play this game.

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Speaker 3: He knows that the lawn is his job. I'm like,

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Speaker 3: that is in our household. It's just not mine, that's

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Speaker 3: all I know.

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Speaker 2: I'm a staunch feminist. Like I'm just like, nah, there's

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Speaker 2: no such thing as men and women jobs, like, absolutely

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Speaker 2: not equal pay all of that. You guys, I'm assuming

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Speaker 2: no me well enough by now to know my thoughts

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Speaker 2: on that. The second you step inside my house, we

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Speaker 2: have pink and blue jobs. Yeah, I will not take

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Speaker 2: out the bin. I will not be mowing the lawns,

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Speaker 2: doing anything to clean the back deck. Are you joking? Sorry,

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Speaker 2: that's not in my wheelhouse. That's a blue job. A

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Speaker 2: blue job, I mean technically I have to because you know, okay, yeah,

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Speaker 2: how does that work in a same sex couple. Well, oh,

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Speaker 2: you just have to take for the team and actually

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Speaker 2: mow the lawn.

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Speaker 4: Yeah, which really sucks. Or you just call the dude

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Speaker 4: to do it. Yeah, that's smart. That's when the feminism

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Speaker 4: leaves your body. That's okay, I'm alright with that. Yeah,

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Speaker 4: it's a really good tip though. Thank you, Yes, I

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Speaker 4: mean well, thank you sas. The next one comes from Emily,

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Speaker 4: who says that the Hungry Jacks app have a shaken

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Speaker 4: win game where you get two chances to win something

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Speaker 4: or get it cheap, like a cheeseburger nuggets, which is

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Speaker 4: like obviously you know. Again, as I always say, like

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Speaker 4: sometimes if you don't have money you're literally just trying

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Speaker 4: to survive, or if you're trying to treat yourself low budget,

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Speaker 4: you know, whatever your situation might be. Yeah, this is

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Speaker 4: really this is a great idea, so you might have

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Speaker 4: like a free burger one day or a freemast awesome.

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Speaker 4: I just think it's really cool. Am I actually down

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Speaker 4: with this?

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Speaker 2: I think you should download it and try it. One

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Speaker 2: of my favorite things in the entire world is actually

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Speaker 2: this this niche Jessica, I think it was you and

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Speaker 2: I recently Sammy recently discovered this Hungry Jack's chips slap.

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Speaker 4: Oh they're so good.

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Speaker 2: Why are they so good? So like, I don't know

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Speaker 2: how to explain it, but if we were talking about

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Speaker 2: like how skinny a McDonald's French fry is, and then

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Speaker 2: how fat a KC Chip is, it's in the middle.

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Speaker 4: It's in the middle.

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Speaker 2: It's in the middle, yea in the I don't know,

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Speaker 2: but it's wizardry and they are really good, real good niche.

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Speaker 2: Because I don't think many people are like, oh yeah,

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Speaker 2: hungry Jacks is my favorite fast food.

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Speaker 4: Yeah, I've never heard anyone say that, but chips are

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Speaker 4: the best, and the vegan burgers a vegan burgers are

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Speaker 4: actually good, good, really good.

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Speaker 2: We're not even paid by Hungry Jacks, but honestly not yet,

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Speaker 2: Hungry Jacks. If you wanted to pay us, would it

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Speaker 2: burgers on the show?

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Speaker 4: I would be very okay with that. Yeah too, because

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Speaker 4: we're all okay, real hungry, just like, oh it's end

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Speaker 4: of year, we're all a little bit sick. Let's we're

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Speaker 4: recording and I'm literally, guys just sitting here thinking, oh,

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Speaker 4: I wonder if the cafe downstairs, because under our studio

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Speaker 4: there is a cafe called Little Nookie, which we are

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Speaker 4: like so cute, but they do these.

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Speaker 2: Feta and pumpkin like little egg muffins.

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Speaker 5: Beck.

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Speaker 2: You saw me eating one the other day and it

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Speaker 2: was really really good, and I have dreamt about them.

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Speaker 2: Since there is going to be an actual riot if

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Speaker 2: I go down there and there's none, fair, I really

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Speaker 2: want to see that. Yeah, okay, coffee, Yeah, I will

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Speaker 2: literally flip the table or something like. I hope so

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Speaker 2: I'm pregnant, I'm hungry, and you said I could have pumpkin,

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Speaker 2: it's the.

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Speaker 3: End of your energy.

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Speaker 4: But we would be like, you can't lift anything heavy,

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Speaker 4: We'll flip the table for ya.

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Speaker 2: So good, All right, Beck, what is your broke tip?

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Speaker 4: Okay? So my one I actually was inspired by Jessica Richie.

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Speaker 4: At this time I recycling bottles and cans, and now

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Speaker 4: in Victoria we can do that. So I'm taking a

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Speaker 4: page out of your book. And also my mum, when

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Speaker 4: we lived in Sydney together, would go and do this

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Speaker 4: occasionally and honestly we'd rack up like ten twenty dollars,

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Speaker 4: which is enough if you see, that's such a good

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Speaker 4: money in it's so good, and that's a whole bloody dinner.

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Speaker 1: It is.

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Speaker 4: It's sometimes even like, depending on your situation, if you're

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Speaker 4: like a single person, that could be a week's worth

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Speaker 4: of food for you exactly. So I think this is, yeah,

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Speaker 4: just such a rate like way to recycle and make

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Speaker 4: money and buy yourself some groceries.

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Speaker 3: Now, can I cudd on to it? Yes, I would say,

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Speaker 3: like collecting the bottles, ask people around you, because at

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Speaker 3: this time of year, people have bottles and cans they

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Speaker 3: want to get rid of. They're hosting parties and they're recycling.

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Speaker 3: So if you go to a friend's house and they're

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Speaker 3: do a thing and you're helping.

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Speaker 2: Cleaning to take all of the recycling home for you, Yeah,

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Speaker 2: Like I just be like, I'm doing the recycling thing.

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Speaker 3: It's really fun. I'm loving it. Like do you want

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Speaker 3: to take your cans? And nine times out of ten

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Speaker 3: they'll say yes. Also, the workplace people don't want to

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Speaker 3: have to take the work bin out. So if you

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Speaker 3: have a recycling bin.

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Speaker 2: I already came.

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Speaker 4: I already told Jessica we should be going in to

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Speaker 4: the studio's kitchen and putting her own bin in there

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Speaker 4: for cans and bottles and then just collecting it when

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Speaker 4: we come into record.

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Speaker 3: Scavenged through like a little raccoon, don't be ashamed because like.

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Speaker 2: You don't be ashamed to be a raccoon.

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Speaker 3: No, true, a recycling raccoon. You're doing good for the.

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Speaker 6: Really cute.

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Speaker 3: I are super cute. I'm not mad about being a raccoon.

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Speaker 4: But when we were in.

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Speaker 2: America and we're talking to people about raccoons, because I

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Speaker 2: didn't get to see one, and I was really sad,

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Speaker 2: I did see a.

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Speaker 4: Squirrel and I cried, squirrel. Oh, my gosh, Beck, it

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Speaker 4: was the best moment of my entire life.

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Speaker 2: But I said I wanted to see a raccoon because

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Speaker 2: I was like, those are really cute. And every American

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Speaker 2: that I said that to would give me side eye

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Speaker 2: and be like, what is wrong with you? Why would

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Speaker 2: you want to see a like a bin bear? What

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Speaker 2: is wrong with you?

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Speaker 3: It's like their version of bin chicken.

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Speaker 2: Yeah, They're like, why would you want to see a

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Speaker 2: bin bear? And I'm like, ah, have you seen them?

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Speaker 2: Like they're very cute.

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Speaker 4: They are really cute.

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Speaker 2: Yeah, well, Beck, those are good broke chips.

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Speaker 4: Thank you so much. I like that.

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Speaker 2: Let's go to a really quick break and on the

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Speaker 2: flip side, we're going to be talking about how to

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Speaker 2: decide where to funnel your savings, and then we're going

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Speaker 2: to get into Christmas gift etiquette, what it means, how

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Speaker 2: it works, and talk about a little spicy question one

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Speaker 2: of you wrote in for us about that topic. So guys,

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Speaker 2: don't go anywhere.

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Speaker 3: Welcome back, everybody. Let's take a listen to this week's

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Speaker 3: money dilemma.

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Speaker 2: Hi, there, have you got a money dilemma you just

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Speaker 2: can't solve? The Shees on the Money Team is here

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Speaker 2: to help.

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Speaker 6: Every week, we tackle your dilemmas, both big and small,

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Speaker 6: to answer your most burning money, career, and life questions.

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Speaker 6: To get involved, simply head to our website and leave

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Speaker 6: us a short voice recording and you might just find

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Speaker 6: yourself on the show.

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Speaker 2: Now, let's take a listen to this week's money dilemma.

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Speaker 5: Hi, she is on the money. My partner and I

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Speaker 5: are about to purchase a home, and we're thinking about

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Speaker 5: how to best use the money available each week for savings. Now,

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Speaker 5: it's not going towards a house deposit at this stage.

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Speaker 5: It's about five hundred dollars a week, and we'd like

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Speaker 5: to use some of it to make extra mortgage repayments

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Speaker 5: and some of it to set up an investment portfolio.

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Speaker 5: We don't have any consumer debt, and we do have

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Speaker 5: an emergency fund. My question is how do we make

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Speaker 5: a decision about splitting money between investing and extra mortgage repayments.

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Speaker 5: My partner would like to put most of the money

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Speaker 5: on the mortgage, but I'm worried about making sure we

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Speaker 5: put enough in investments as we are already in mid

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Speaker 5: thirties and don't yet have an investment portfolio, and I

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Speaker 5: want to make sure we are setting ourselves up for

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Speaker 5: the future, really looking forward to hearing your thoughts.

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Speaker 4: Luckily, for this one, I can rest my voice because

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Speaker 4: I assume vickied, how's the answers? No, never, what would

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Speaker 4: you do?

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Speaker 3: I mean it's value based spending, right, Partially, I feel

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Speaker 3: like you would have to. Ideally you'd do the math,

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Speaker 3: so you'd look at maybe our favorite compound interest calculator

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Speaker 3: on the money Smart website and chuck in how much

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Speaker 3: you could potentially earn on investing over thirty years or

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Speaker 3: however long the term of your mortgage is, and then

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Speaker 3: you would compare that to how much interest you would

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Speaker 3: save by making those extra mortgage repayments, right, which is

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Speaker 3: like the.

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Speaker 2: Practicem just not needed on this show.

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Speaker 4: Yeah, it's fine, but.

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Speaker 3: It comes down to values. I feel like, yeah, you'd

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Speaker 3: say right, so.

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Speaker 2: I'll just see myself walk downstairs. Yeah, if that's okay,

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Speaker 2: no worries. Can I grab my bag before I leave

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Speaker 2: it to you?

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Speaker 4: Thank you?

440
00:19:01,920 --> 00:19:03,960
Speaker 2: Could you just pack up my desk? Yes, I'll be

441
00:19:04,080 --> 00:19:05,960
Speaker 2: really gentle with all the plants.

442
00:19:05,960 --> 00:19:07,119
Speaker 4: I promise anything.

443
00:19:07,359 --> 00:19:09,800
Speaker 3: I don't know how to work out the mortgage interesting though,

444
00:19:09,920 --> 00:19:11,200
Speaker 3: so you can't grow.

445
00:19:11,280 --> 00:19:14,760
Speaker 2: Sorry, Oh okay, well I finally have value in life.

446
00:19:15,920 --> 00:19:18,440
Speaker 2: You are absolutely correct. It's really about values based spending.

447
00:19:18,480 --> 00:19:20,560
Speaker 2: And what it sounds like is your values are building

448
00:19:20,840 --> 00:19:24,440
Speaker 2: an investment portfolio, and your husband's values are paying down

449
00:19:24,480 --> 00:19:26,680
Speaker 2: the mortgage. And I think we actually before we talk

450
00:19:26,680 --> 00:19:29,159
Speaker 2: about returns, need to step back a little bit and go, well,

451
00:19:29,200 --> 00:19:32,760
Speaker 2: why does he have I guess, not a fixation, but

452
00:19:32,920 --> 00:19:35,480
Speaker 2: where his values coming from when he says he wants

453
00:19:35,520 --> 00:19:39,719
Speaker 2: to pay down the mortgage, because obviously that feels very

454
00:19:39,920 --> 00:19:44,000
Speaker 2: financially secure. So you know, Jess, I can almost guarantee

455
00:19:44,640 --> 00:19:46,760
Speaker 2: this is just a values thing, knowing her when she

456
00:19:46,880 --> 00:19:51,159
Speaker 2: has her mortgage, she's going to prioritize her mortgage guaranteed

457
00:19:51,640 --> 00:19:54,600
Speaker 2: over the share market because that's what's going to make

458
00:19:54,640 --> 00:19:57,440
Speaker 2: her feel safe and secure. And they know Jess well

459
00:19:57,600 --> 00:20:00,280
Speaker 2: enough to know those are her values. Those could be

460
00:20:00,359 --> 00:20:03,080
Speaker 2: your husband's values, and that's great. But we need to

461
00:20:03,119 --> 00:20:05,159
Speaker 2: talk about this and also respect it because it's not

462
00:20:05,320 --> 00:20:08,120
Speaker 2: quote which one is better. Let's ask she's on the money.

463
00:20:08,200 --> 00:20:10,879
Speaker 2: They'll know I can tell you on paper which one

464
00:20:11,000 --> 00:20:15,680
Speaker 2: is better. Investment portfolio, hands down. The average annual return

465
00:20:15,760 --> 00:20:18,080
Speaker 2: over a thirty year period for the Australian share market

466
00:20:18,200 --> 00:20:21,360
Speaker 2: right now is nine point two percent. Your average mortgage

467
00:20:21,440 --> 00:20:24,119
Speaker 2: is sitting at about five So if we go, is

468
00:20:24,480 --> 00:20:27,320
Speaker 2: getting a five percent return because I paid off more

469
00:20:27,359 --> 00:20:29,800
Speaker 2: of my mortgage better than getting a nine point two

470
00:20:29,840 --> 00:20:34,560
Speaker 2: percent return. Jessica the math maths and tells us that technically,

471
00:20:34,720 --> 00:20:38,000
Speaker 2: on paper, the best return for your cash holder is

472
00:20:38,240 --> 00:20:41,040
Speaker 2: the nine point two percent. However, that doesn't mean that

473
00:20:41,080 --> 00:20:42,959
Speaker 2: it aligns to your goals and your values and your

474
00:20:43,000 --> 00:20:45,639
Speaker 2: financial security and what you're trying to achieve. Maybe one

475
00:20:45,680 --> 00:20:48,600
Speaker 2: of your big financial goals, like jess is, is to

476
00:20:48,760 --> 00:20:51,159
Speaker 2: own your own property. And I can almost guarantee she

477
00:20:51,240 --> 00:20:53,520
Speaker 2: wants to own that outright pretty quickly. Am I on

478
00:20:53,560 --> 00:20:54,280
Speaker 2: the right track there?

479
00:20:54,359 --> 00:20:56,520
Speaker 3: Jess Yeah, I think so. I think it's for me

480
00:20:56,600 --> 00:20:58,160
Speaker 3: it would just be a security.

481
00:20:58,359 --> 00:21:00,920
Speaker 2: It's the third security. It's not a out not knowing

482
00:21:00,960 --> 00:21:02,840
Speaker 2: the maths like just invests now. And I think she

483
00:21:02,880 --> 00:21:05,720
Speaker 2: wouldn't stop, no, but I think that you would, you know,

484
00:21:05,880 --> 00:21:08,960
Speaker 2: really prioritize making sure that mortgage is smashed down and

485
00:21:09,080 --> 00:21:11,119
Speaker 2: it's out of your hair. For you, it's always been

486
00:21:11,119 --> 00:21:12,480
Speaker 2: about like having your own home.

487
00:21:12,960 --> 00:21:14,919
Speaker 3: But interest is a bit sickening when you look at

488
00:21:15,000 --> 00:21:17,040
Speaker 3: like if you run the numbers on how much extra

489
00:21:17,160 --> 00:21:18,840
Speaker 3: you pay, Like, I get that you have to, there's

490
00:21:18,880 --> 00:21:20,880
Speaker 3: no way out of it. But oh makes me feel ill.

491
00:21:21,080 --> 00:21:23,840
Speaker 2: Yeah, don't even start me like it's it's terrifying. But

492
00:21:23,920 --> 00:21:27,560
Speaker 2: I think really understanding what that looks like. You've got

493
00:21:27,640 --> 00:21:31,119
Speaker 2: some extra you know, cash flow. That's fantastic. But what

494
00:21:31,240 --> 00:21:33,000
Speaker 2: are we doing now? You mentioned you already have an

495
00:21:33,000 --> 00:21:36,000
Speaker 2: emergency fund. I'm glad you did because that obviously would

496
00:21:36,000 --> 00:21:37,600
Speaker 2: have been the first thing that I spoke about.

497
00:21:37,800 --> 00:21:39,880
Speaker 3: She preempted you, she knew what you were gonna say.

498
00:21:40,160 --> 00:21:40,200
Speaker 1: You.

499
00:21:41,280 --> 00:21:43,560
Speaker 2: But also, is your emergency fund working hard for you?

500
00:21:43,920 --> 00:21:46,400
Speaker 2: Is it like offsetting any of the interest on your mortgage?

501
00:21:46,440 --> 00:21:48,680
Speaker 2: Where's your emergency fund sitting? Is it just sitting where

502
00:21:48,680 --> 00:21:51,159
Speaker 2: you used to have your emergency fund before you had

503
00:21:51,200 --> 00:21:53,159
Speaker 2: a mortgage? What does that look like? How can we

504
00:21:53,280 --> 00:21:55,080
Speaker 2: make that money work as hard for us as we

505
00:21:55,200 --> 00:21:58,560
Speaker 2: did for it? So then after that we're looking at,

506
00:21:58,800 --> 00:22:01,520
Speaker 2: you know, do we go into an investment portfolio, do

507
00:22:01,640 --> 00:22:03,760
Speaker 2: we go into a mortgage? And to be honest, because

508
00:22:03,800 --> 00:22:06,800
Speaker 2: there's two people in this relationship, we kind of need

509
00:22:07,000 --> 00:22:10,520
Speaker 2: to always have compromise. So having a deep conversation with

510
00:22:10,600 --> 00:22:13,120
Speaker 2: your husband about well, why are you prioritizing this. Let's

511
00:22:13,119 --> 00:22:15,000
Speaker 2: have a look at the numbers. What does that look like?

512
00:22:15,320 --> 00:22:17,800
Speaker 2: Maybe he's just never invested before and didn't realize what

513
00:22:17,920 --> 00:22:20,920
Speaker 2: that looked like. Do what Jess said, go on the

514
00:22:21,000 --> 00:22:23,160
Speaker 2: Money Smart website and have a look at that compound

515
00:22:23,280 --> 00:22:27,159
Speaker 2: interest calculator. There are also so many calculators online for

516
00:22:27,240 --> 00:22:31,240
Speaker 2: mortgage repayments, so you could google free mortgage repayment calculator

517
00:22:31,320 --> 00:22:34,720
Speaker 2: and see what that money would shave off your mortgage.

518
00:22:34,760 --> 00:22:36,600
Speaker 2: How many years is that going to take? If you're

519
00:22:36,600 --> 00:22:38,840
Speaker 2: in the ses on the Money money masterclass, girl, I

520
00:22:38,960 --> 00:22:41,640
Speaker 2: already did it for you. It's built into the spreadsheet

521
00:22:42,040 --> 00:22:43,240
Speaker 2: because I'm just really smart.

522
00:22:43,280 --> 00:22:45,840
Speaker 4: Bit she's so smart, Oh a spreadsheet.

523
00:22:46,359 --> 00:22:48,920
Speaker 2: I definitely do not have any tickets on myself either,

524
00:22:49,080 --> 00:22:51,280
Speaker 2: So like, that's really good. You always want to work

525
00:22:51,320 --> 00:22:56,400
Speaker 2: with people who are super humble. That's so important. But yeah,

526
00:22:56,440 --> 00:22:58,040
Speaker 2: I would have a look at, well, what would it

527
00:22:58,080 --> 00:23:00,000
Speaker 2: look like. Let's pretend you have an extra three hundred

528
00:23:00,200 --> 00:23:03,200
Speaker 2: dollars a month. What would an extra three hundred dollars

529
00:23:03,240 --> 00:23:06,520
Speaker 2: a month actually take off our mortgage versus what would

530
00:23:06,560 --> 00:23:09,520
Speaker 2: it look like in an investment portfolio. What are the returns?

531
00:23:09,640 --> 00:23:12,520
Speaker 2: But also when will you finish your mortgage? Because if

532
00:23:12,520 --> 00:23:15,040
Speaker 2: you're planning on finishing your mortgage and chucking every single

533
00:23:15,160 --> 00:23:19,040
Speaker 2: dollar to that, are you then only starting your investment

534
00:23:19,119 --> 00:23:21,600
Speaker 2: journey in twenty five or thirty years? If so, how

535
00:23:21,680 --> 00:23:24,440
Speaker 2: much time do you have for that to compound? Or

536
00:23:25,000 --> 00:23:26,680
Speaker 2: you know, if it's three hundred bucks a month, could

537
00:23:26,680 --> 00:23:29,879
Speaker 2: we split it? Could we potentially go half half again?

538
00:23:30,200 --> 00:23:33,119
Speaker 2: As Jess was saying, it is values based, it's not

539
00:23:33,480 --> 00:23:38,399
Speaker 2: often logic based because money is inherently emotional. That's my

540
00:23:38,520 --> 00:23:39,680
Speaker 2: Ted talk. Thanks for coming.

541
00:23:40,040 --> 00:23:40,720
Speaker 4: You're so welcome.

542
00:23:42,000 --> 00:23:43,720
Speaker 2: You've been a stellar guest.

543
00:23:44,200 --> 00:23:45,000
Speaker 4: You so much.

544
00:23:45,400 --> 00:23:47,480
Speaker 3: Notarious along, but I really want to get to this.

545
00:23:47,920 --> 00:23:50,040
Speaker 2: Yeah, because you're like a Christmas fery.

546
00:23:50,320 --> 00:23:52,200
Speaker 3: Yes, and it's a good one this week, not that

547
00:23:52,280 --> 00:23:53,000
Speaker 3: it isn't every week.

548
00:23:53,119 --> 00:23:55,760
Speaker 2: It's a good one every week. But also anything that

549
00:23:56,119 --> 00:23:59,840
Speaker 2: has anything to do with Christmas, like Jess's ears, just

550
00:24:00,359 --> 00:24:02,160
Speaker 2: she's having a bad day, be like Jess or remember

551
00:24:02,240 --> 00:24:04,159
Speaker 2: Christmas exists, and she's like, I don't even care that

552
00:24:04,240 --> 00:24:08,840
Speaker 2: my house flooded. Yeah, I love Christmas. All right, guys,

553
00:24:08,920 --> 00:24:12,160
Speaker 2: here is the DM we received. Hello, she's on the money.

554
00:24:12,320 --> 00:24:15,080
Speaker 2: I have a Christmas dilemma for you. So my siblings

555
00:24:15,119 --> 00:24:17,480
Speaker 2: and I have put one hundred dollars spending limit on

556
00:24:17,600 --> 00:24:20,879
Speaker 2: presents for each other this year. However, my sister has

557
00:24:20,920 --> 00:24:23,159
Speaker 2: come back and requested more of a demand, if I'm

558
00:24:23,240 --> 00:24:26,360
Speaker 2: being brutally honest, that we just transfer her the one

559
00:24:26,480 --> 00:24:29,000
Speaker 2: hundred dollars rather than buying herself a.

560
00:24:29,040 --> 00:24:29,520
Speaker 4: Gift with it.

561
00:24:30,000 --> 00:24:32,119
Speaker 2: Now, I don't know if it's just me, but this

562
00:24:32,480 --> 00:24:35,200
Speaker 2: doesn't sit right. I'm more than happy to be in

563
00:24:35,240 --> 00:24:37,600
Speaker 2: the Christmas spirit and spend the money on a nice

564
00:24:37,680 --> 00:24:40,840
Speaker 2: present that I think she would love, but I don't

565
00:24:40,920 --> 00:24:43,119
Speaker 2: really want to transfer one hundred dollars. It feels like

566
00:24:43,200 --> 00:24:46,200
Speaker 2: I'm just giving my money away. She said she doesn't

567
00:24:46,240 --> 00:24:48,640
Speaker 2: want or need any gifts and would just much prefer

568
00:24:48,720 --> 00:24:51,760
Speaker 2: the cash. She also said she would return my present

569
00:24:51,880 --> 00:24:54,000
Speaker 2: and get a refund so she can have the cash

570
00:24:54,119 --> 00:24:57,359
Speaker 2: if I gave her one. I think she's being super ungrateful, but.

571
00:24:57,400 --> 00:24:59,400
Speaker 4: I mentioned it to my friend and she just said

572
00:24:59,440 --> 00:25:01,720
Speaker 4: if cash is what she needs, it's not rude to

573
00:25:01,840 --> 00:25:03,200
Speaker 4: ask for that over a gift.

574
00:25:03,760 --> 00:25:06,200
Speaker 2: Now, I'm not sure what to think. What are your

575
00:25:06,320 --> 00:25:06,960
Speaker 2: thoughts on this?

576
00:25:07,800 --> 00:25:09,159
Speaker 3: This like what we were talking about a couple of

577
00:25:09,160 --> 00:25:12,000
Speaker 3: weeks ago with wedding gifts, and I said the same thing.

578
00:25:12,080 --> 00:25:14,320
Speaker 3: I was like, I get why people ask for money,

579
00:25:14,760 --> 00:25:17,800
Speaker 3: but for some reason, something in me feels a little

580
00:25:17,840 --> 00:25:21,240
Speaker 3: bit uncomfy about it. Sure, and I think it's partially

581
00:25:21,480 --> 00:25:23,480
Speaker 3: I said this already, but I think it's partially like

582
00:25:23,560 --> 00:25:27,080
Speaker 3: the fact that they know exactly what you've spent. I

583
00:25:27,280 --> 00:25:28,840
Speaker 3: mean like when you're if you're buying a gift someone,

584
00:25:28,880 --> 00:25:30,680
Speaker 3: you can try get on sale, or you can you

585
00:25:30,720 --> 00:25:33,080
Speaker 3: shop back to get cash back, or there are all

586
00:25:33,119 --> 00:25:36,240
Speaker 3: of these ways for you to make it a little

587
00:25:36,240 --> 00:25:37,920
Speaker 3: bit easily. If you giving us one hundred dollars, like

588
00:25:38,000 --> 00:25:39,639
Speaker 3: you're giving them a hundred dollars, it's not really a

589
00:25:39,680 --> 00:25:40,680
Speaker 3: whole lot of ways around that.

590
00:25:40,960 --> 00:25:42,040
Speaker 2: Why are we doing gifts?

591
00:25:42,400 --> 00:25:42,520
Speaker 5: Oh?

592
00:25:42,600 --> 00:25:42,840
Speaker 4: Yeah?

593
00:25:43,240 --> 00:25:45,680
Speaker 2: Like you know, Jesse, if you and I sat down

594
00:25:45,760 --> 00:25:48,000
Speaker 2: and put a limit on the gifts that we were

595
00:25:48,040 --> 00:25:50,280
Speaker 2: giving each other, and I said, it's to one hundred dollars,

596
00:25:50,280 --> 00:25:51,800
Speaker 2: and you said, yep, no worries, can I have it

597
00:25:51,880 --> 00:25:54,119
Speaker 2: in cash? Well, are we just swapping one hundred dollars?

598
00:25:54,359 --> 00:25:56,960
Speaker 2: Well that's so true, like a little switch true, Like

599
00:25:57,119 --> 00:25:59,080
Speaker 2: I'm going to give you one hundred dollars cash, Jess,

600
00:25:59,080 --> 00:26:02,440
Speaker 2: and you're gonna buy me worth one hundred dollars. Like, please,

601
00:26:02,480 --> 00:26:04,720
Speaker 2: don't get me wrong, I'm always super grateful for it,

602
00:26:04,840 --> 00:26:08,040
Speaker 2: but I think it changes the dynamic of like the

603
00:26:08,119 --> 00:26:11,800
Speaker 2: spirit of giving at Christmas, Like I love buying gifts

604
00:26:11,840 --> 00:26:14,120
Speaker 2: for people. I know Jess does too, and you do too.

605
00:26:14,400 --> 00:26:17,640
Speaker 2: I've noticed your little love language is gifts. Like it's

606
00:26:17,880 --> 00:26:20,560
Speaker 2: very very sweet, but it's also one of those things

607
00:26:20,640 --> 00:26:23,280
Speaker 2: that you know, I give gifts because I want to

608
00:26:23,320 --> 00:26:26,040
Speaker 2: spuck joy. I use gifts because you know, I see

609
00:26:26,119 --> 00:26:29,040
Speaker 2: things and I go Jess would love that. Like I

610
00:26:29,160 --> 00:26:31,280
Speaker 2: was so stoked this year when I picked Jess's present

611
00:26:31,320 --> 00:26:33,320
Speaker 2: because I was, like, it's from a place I know

612
00:26:33,440 --> 00:26:35,480
Speaker 2: she loves. It's a thing I know that she would

613
00:26:35,520 --> 00:26:38,760
Speaker 2: never buy herself. It's something that I really like, which

614
00:26:38,840 --> 00:26:40,600
Speaker 2: to me is really important when giving gifts, because like

615
00:26:40,640 --> 00:26:42,879
Speaker 2: I want to like something that I'm giving you, but

616
00:26:43,240 --> 00:26:45,760
Speaker 2: also I just knew she would like it or hopefully

617
00:26:45,920 --> 00:26:47,560
Speaker 2: like it, or she's lied to me this entire time

618
00:26:47,600 --> 00:26:49,959
Speaker 2: and said she liked it. But it's one of those

619
00:26:50,000 --> 00:26:51,680
Speaker 2: things where I just get a lot of joy out

620
00:26:51,720 --> 00:26:53,800
Speaker 2: of that. Whereas if she'd said, oh, well, can you

621
00:26:53,920 --> 00:26:56,160
Speaker 2: just transfer me to cash anyway? I'd be like, oh, well,

622
00:26:56,240 --> 00:26:58,960
Speaker 2: this now just feels like a transaction as opposed to

623
00:26:59,359 --> 00:27:02,399
Speaker 2: an entire like I've thought about you, Jess. This is

624
00:27:02,560 --> 00:27:04,680
Speaker 2: something that I've gone, you know, above and beyond for

625
00:27:04,840 --> 00:27:06,520
Speaker 2: of had to track it down and do this and

626
00:27:06,640 --> 00:27:09,119
Speaker 2: do that, Like I don't know. For me, gifts are

627
00:27:09,200 --> 00:27:11,440
Speaker 2: the thought and that's why I've never really cared about

628
00:27:11,480 --> 00:27:14,240
Speaker 2: what they cost. Like I saw in our Facebook group.

629
00:27:14,280 --> 00:27:16,280
Speaker 2: Did you see our Facebook group as well? There was

630
00:27:16,320 --> 00:27:18,680
Speaker 2: a post about one of the girls had actually made

631
00:27:18,720 --> 00:27:22,400
Speaker 2: our wheat packs. Yes, yeah, and she got these gorgeous

632
00:27:22,440 --> 00:27:25,040
Speaker 2: tetails from Target that were like six dollars. She made

633
00:27:25,080 --> 00:27:27,080
Speaker 2: a whole heap of them, and she was like, these

634
00:27:27,119 --> 00:27:29,840
Speaker 2: wheat packs cost me like three dollars fifty a gift

635
00:27:30,480 --> 00:27:33,920
Speaker 2: like money wine, and everyone's gonna love them. She wrapped

636
00:27:33,960 --> 00:27:37,400
Speaker 2: them up beautifully because it was the thought that counts. Yeah,

637
00:27:37,560 --> 00:27:39,720
Speaker 2: And I do feel like when I say, oh, yes,

638
00:27:39,800 --> 00:27:42,280
Speaker 2: I'm gonna put a spending limit on our presence, it's

639
00:27:42,280 --> 00:27:45,359
Speaker 2: one hundred dollars this year, I feel like that's the limit,

640
00:27:45,520 --> 00:27:47,920
Speaker 2: not the expectations, like I'm not getting you a gift

641
00:27:48,000 --> 00:27:50,119
Speaker 2: worth one hundred dollars. I'm just saying, let's just make

642
00:27:50,119 --> 00:27:53,280
Speaker 2: sure that our budgets are relatively similar, Like, let's just

643
00:27:53,359 --> 00:27:55,840
Speaker 2: make sure that we're not going, you know, really obnoxious

644
00:27:55,840 --> 00:27:58,000
Speaker 2: this year. One hundred dollars is a lot of money too,

645
00:27:58,520 --> 00:28:01,600
Speaker 2: it is I for one gift for one person, Like,

646
00:28:01,760 --> 00:28:03,719
Speaker 2: that's a lot of money. So I just look at

647
00:28:03,720 --> 00:28:06,880
Speaker 2: it and go, you're just asking for a hundred bucks

648
00:28:06,920 --> 00:28:09,320
Speaker 2: now that it's a bit weird. Whereas if I had

649
00:28:09,440 --> 00:28:11,200
Speaker 2: set I don't know, if i'd set a budget of

650
00:28:11,200 --> 00:28:14,280
Speaker 2: one hundred dollars, especially way back in UNI days and

651
00:28:14,320 --> 00:28:16,280
Speaker 2: when I just was a bit more strapped for cash,

652
00:28:16,320 --> 00:28:19,040
Speaker 2: I'd be like, great, let's pretend it's one hundred dollars. Yes,

653
00:28:19,520 --> 00:28:22,400
Speaker 2: I'd then be like shopping around, going to DFO, trying

654
00:28:22,440 --> 00:28:25,480
Speaker 2: to find something that was also discounted so I didn't

655
00:28:25,520 --> 00:28:27,760
Speaker 2: have to spend the whole one hundred dollars, but you,

656
00:28:28,160 --> 00:28:30,639
Speaker 2: as the gift receiver, was still getting a heap of value.

657
00:28:30,800 --> 00:28:34,000
Speaker 4: Yeah, So I don't know, I know I've been on

658
00:28:34,119 --> 00:28:38,160
Speaker 4: the other end where I want the cash because especially

659
00:28:38,240 --> 00:28:41,320
Speaker 4: if you're just so fair. Yeah, and like I guess

660
00:28:41,360 --> 00:28:46,320
Speaker 4: if you're spending money over Christmas, what you really need

661
00:28:46,560 --> 00:28:49,840
Speaker 4: is cash because you're like, it's so stressful sometimes it's

662
00:28:49,920 --> 00:28:54,200
Speaker 4: so anxiety inducing. So I totally get wanting the money,

663
00:28:54,640 --> 00:28:59,880
Speaker 4: but I totally get the dissatisfaction of literally just trend

664
00:29:00,120 --> 00:29:02,080
Speaker 4: forring someone a hundred bucks, and also when it comes

665
00:29:02,080 --> 00:29:05,280
Speaker 4: to like the morning of when that person's just sat

666
00:29:05,360 --> 00:29:08,960
Speaker 4: there not opening any presents. But I guess like if

667
00:29:09,080 --> 00:29:12,200
Speaker 4: everyone's comfortable sending or not sending but giving the hundred

668
00:29:12,200 --> 00:29:16,480
Speaker 4: dollars instead, I would maybe try and make it like creative,

669
00:29:16,560 --> 00:29:18,880
Speaker 4: like get like a really cheap biggie bank and put

670
00:29:18,920 --> 00:29:21,040
Speaker 4: like the hundred bucks in there, or like make it,

671
00:29:21,240 --> 00:29:24,280
Speaker 4: say like it in a card and put it in

672
00:29:24,400 --> 00:29:26,720
Speaker 4: something that you can still wrap so it feels like

673
00:29:26,800 --> 00:29:28,760
Speaker 4: she's still opening a present or something like that, you know.

674
00:29:29,000 --> 00:29:31,560
Speaker 2: Yeah, or just transfer me to the hundred bucks, don't

675
00:29:31,560 --> 00:29:32,040
Speaker 2: worry about it.

676
00:29:32,120 --> 00:29:35,719
Speaker 4: Yeah, it feels very transactional, it does. It feels very unsatisfying.

677
00:29:35,880 --> 00:29:38,760
Speaker 4: And then yeah, like what if everyone wanted that same thing,

678
00:29:38,840 --> 00:29:41,120
Speaker 4: then everyone would just be like, oh, I'll just keep

679
00:29:41,240 --> 00:29:43,560
Speaker 4: the money in my own account, and everyone breaks even

680
00:29:43,640 --> 00:29:45,160
Speaker 4: no one gets a present, you know what I mean.

681
00:29:45,080 --> 00:29:48,080
Speaker 2: Like, may just start doing presents this year, coase we

682
00:29:48,160 --> 00:29:50,360
Speaker 2: stretch for cash Like yeah, I don't know. I just

683
00:29:50,880 --> 00:29:53,240
Speaker 2: I don't feel uncomfortable with it, Like I feel like

684
00:29:53,400 --> 00:29:56,360
Speaker 2: I've given cash as presents before, when people would be like, oh,

685
00:29:56,480 --> 00:29:58,680
Speaker 2: I'd love cash. And when I was younger, if my

686
00:29:58,800 --> 00:30:00,560
Speaker 2: parents were like, what do you want for MS you

687
00:30:00,640 --> 00:30:04,320
Speaker 2: new days, I was like money, yes, please give me money.

688
00:30:04,680 --> 00:30:06,280
Speaker 3: I need cash. Yes.

689
00:30:06,720 --> 00:30:10,040
Speaker 2: But and this is very entitled again, like it is

690
00:30:10,200 --> 00:30:14,320
Speaker 2: absolutely showing my privilege. I knew that by asking my

691
00:30:14,480 --> 00:30:17,160
Speaker 2: parents for cash, they would definitely give me cash, but

692
00:30:17,240 --> 00:30:20,840
Speaker 2: I'd always still get something trivial to open on the day.

693
00:30:21,560 --> 00:30:24,080
Speaker 2: And I feel like it did take the spark away,

694
00:30:24,360 --> 00:30:26,520
Speaker 2: Like now I'm going to be a mum. I'm not

695
00:30:26,600 --> 00:30:29,640
Speaker 2: gonna love giving my kids cash, like I'm a gift

696
00:30:29,720 --> 00:30:32,680
Speaker 2: giver at heart, Like I'm not gonna love that, but

697
00:30:32,840 --> 00:30:35,520
Speaker 2: it's also practical. Yeah, and right now I feel like

698
00:30:35,600 --> 00:30:37,680
Speaker 2: asking for cash is fine, but like, let's just take

699
00:30:37,720 --> 00:30:40,400
Speaker 2: it one step further. Let's not do that little dance

700
00:30:40,480 --> 00:30:42,440
Speaker 2: of Jess. You get me a present worth one hundred

701
00:30:42,440 --> 00:30:44,680
Speaker 2: dollars and I'll do the same thing, Like let's just

702
00:30:44,760 --> 00:30:46,960
Speaker 2: be like, oh, let's just not do presents, you know,

703
00:30:47,000 --> 00:30:50,120
Speaker 2: what I would love a really beautifully written card, Hey,

704
00:30:50,320 --> 00:30:52,760
Speaker 2: Merry Christmas. It's been so lovely hanging out with you

705
00:30:52,920 --> 00:30:54,840
Speaker 2: this year, Like it's really nice.

706
00:30:55,040 --> 00:30:57,160
Speaker 3: ID card would be cute if you didn't want to

707
00:30:57,240 --> 00:30:58,920
Speaker 3: do gifts, like okay, we have to make each other

708
00:30:58,960 --> 00:31:00,840
Speaker 3: something with stuff home to make a card, you have

709
00:31:00,920 --> 00:31:03,640
Speaker 3: to make it gingerbread house. You have to make something

710
00:31:03,880 --> 00:31:06,000
Speaker 3: that doesn't cost money, but it's made with love.

711
00:31:06,320 --> 00:31:08,680
Speaker 2: No, I agree. So we asked the community. We said,

712
00:31:08,960 --> 00:31:11,120
Speaker 2: do you think it's rude to tell someone to give

713
00:31:11,200 --> 00:31:14,320
Speaker 2: you cash instead of buying a gift? Forty two percent

714
00:31:14,360 --> 00:31:17,240
Speaker 2: of you said, yep, that's rude, but fifty eight percent

715
00:31:17,280 --> 00:31:19,240
Speaker 2: of you said Nope, not rude at all. We also

716
00:31:19,320 --> 00:31:21,680
Speaker 2: asked the question, would you prefer the one hundred dollars

717
00:31:21,760 --> 00:31:25,480
Speaker 2: gift or one hundred dollars in cash? Forty one percent

718
00:31:25,560 --> 00:31:28,200
Speaker 2: of you said the gift, it's much more meaningful, and

719
00:31:28,400 --> 00:31:31,040
Speaker 2: fifty nine percent of you said, give me the cash.

720
00:31:31,200 --> 00:31:34,600
Speaker 2: It's just more useful. Cost a living crisis, it's true.

721
00:31:35,040 --> 00:31:37,640
Speaker 2: The next question we asked was, have you ever returned

722
00:31:37,680 --> 00:31:39,600
Speaker 2: a present for a refund suit that you could have

723
00:31:39,760 --> 00:31:43,240
Speaker 2: the cash instead of the gift. Fifteen percent of you

724
00:31:43,320 --> 00:31:45,600
Speaker 2: said yes, and eighty five percent of you said no.

725
00:31:46,320 --> 00:31:47,680
Speaker 2: It's hard because a lot of time you wouldn't have

726
00:31:47,720 --> 00:31:52,200
Speaker 2: the receipts. Logistically, it's probably, you know, always gift with

727
00:31:52,320 --> 00:31:53,960
Speaker 2: gift receipts because I'm anxious.

728
00:31:54,120 --> 00:31:54,320
Speaker 1: Yeah.

729
00:31:54,360 --> 00:31:57,520
Speaker 2: Yeah, Like I gave Justs a Christmas present and then

730
00:31:58,280 --> 00:32:00,600
Speaker 2: she looked like she liked it, but there was a

731
00:32:00,600 --> 00:32:06,240
Speaker 2: little gift receipt in the bottom if she Yeah, but

732
00:32:06,360 --> 00:32:08,960
Speaker 2: I'm always just like, oh, like I would tell someone

733
00:32:09,040 --> 00:32:11,280
Speaker 2: that I loved the gift. Yeah, Like have you ever

734
00:32:11,360 --> 00:32:14,440
Speaker 2: been like, oh, thanks for the gift, beck, I'm going

735
00:32:14,480 --> 00:32:17,040
Speaker 2: to return this because it's not really my vibe. I

736
00:32:17,520 --> 00:32:20,240
Speaker 2: couldn't no, neither, I do not have like I do

737
00:32:20,360 --> 00:32:22,160
Speaker 2: not have that level of confidence, and I'm just too

738
00:32:22,240 --> 00:32:27,320
Speaker 2: much for the people pleaser. Wouldn't happen regift? Yeah yeah, yeah, yeah, same.

739
00:32:28,040 --> 00:32:32,120
Speaker 2: We should have asked about regifting. Yeah, sorry, guys, we

740
00:32:32,440 --> 00:32:34,440
Speaker 2: suck all right, but we did say give us your

741
00:32:34,480 --> 00:32:37,360
Speaker 2: two cents. So someone said, my sister and I just

742
00:32:37,400 --> 00:32:39,920
Speaker 2: don't do presents for this reason. We both just get

743
00:32:39,960 --> 00:32:40,720
Speaker 2: to keep our money.

744
00:32:41,360 --> 00:32:41,800
Speaker 4: That's about.

745
00:32:41,920 --> 00:32:45,160
Speaker 2: Someone said, I much prefer giving people cash or gift cards.

746
00:32:45,240 --> 00:32:49,440
Speaker 2: People never pick what I need. Someone else said, no

747
00:32:49,560 --> 00:32:52,719
Speaker 2: problem with asking for cash for Christmas. Sounds like your

748
00:32:52,760 --> 00:32:55,480
Speaker 2: sister didn't ask for it though she demanded it.

749
00:32:56,320 --> 00:32:59,880
Speaker 3: Yeah, maybe it's in the execution. Perhaps, sure I would.

750
00:33:00,000 --> 00:33:02,640
Speaker 3: I really love cash this Christmas. I'm just so strapped.

751
00:33:03,000 --> 00:33:05,680
Speaker 3: I guess might have gone over differently too. If you

752
00:33:05,720 --> 00:33:07,080
Speaker 3: buy me a present, I'm returning it.

753
00:33:07,600 --> 00:33:10,920
Speaker 2: That Yeah, Actually the tone is what threw me the most.

754
00:33:11,120 --> 00:33:11,320
Speaker 3: Yeah.

755
00:33:11,480 --> 00:33:13,760
Speaker 2: Can you imagine if I turned around and said, Jess,

756
00:33:13,840 --> 00:33:15,720
Speaker 2: if you get me a present, I'm just going to

757
00:33:15,760 --> 00:33:16,200
Speaker 2: return it.

758
00:33:16,400 --> 00:33:16,920
Speaker 3: I love it?

759
00:33:17,040 --> 00:33:20,520
Speaker 4: Awkward and you're like, oh okay, can you imagine if

760
00:33:20,560 --> 00:33:21,520
Speaker 4: you'd already bought the present?

761
00:33:21,640 --> 00:33:25,120
Speaker 2: Well, yeah, like what I go to see myself out

762
00:33:25,280 --> 00:33:28,880
Speaker 2: the thanks. Someone said it's pointless to give one hundred

763
00:33:28,880 --> 00:33:31,520
Speaker 2: dollars cash and then receive one hundred dollars cash. Just

764
00:33:31,880 --> 00:33:34,760
Speaker 2: keep it, don't do the transfer, don't do gifts this Christmas.

765
00:33:35,160 --> 00:33:35,360
Speaker 3: Yeah.

766
00:33:36,040 --> 00:33:38,240
Speaker 2: A lot of people said there's nothing wrong with asking

767
00:33:38,320 --> 00:33:40,800
Speaker 2: for cash, and absolutely that's the case. I think it

768
00:33:40,880 --> 00:33:43,640
Speaker 2: really goes back to tone. So asking for cash is

769
00:33:43,680 --> 00:33:47,080
Speaker 2: one thing being blunt and being like, Jess, I'll return your.

770
00:33:47,000 --> 00:33:48,920
Speaker 4: Present, chucking it straight in the bin.

771
00:33:49,360 --> 00:33:52,240
Speaker 2: I am not going to respect this at all. And

772
00:33:52,520 --> 00:33:55,320
Speaker 2: then a few other people said, look, asking for a

773
00:33:55,360 --> 00:33:57,920
Speaker 2: transfer does feel rude. Maybe a voucher could be a

774
00:33:57,960 --> 00:33:58,719
Speaker 2: happy medium.

775
00:33:59,160 --> 00:34:00,920
Speaker 3: Oh yeah, Like so you still like what you were

776
00:34:00,920 --> 00:34:02,400
Speaker 3: saying back? You still have something to wrap?

777
00:34:02,600 --> 00:34:03,120
Speaker 4: Yeah? Maybe?

778
00:34:03,720 --> 00:34:03,920
Speaker 3: Yeah.

779
00:34:04,280 --> 00:34:07,040
Speaker 2: I just feel like vouchers limiting though, Like, don't get

780
00:34:07,080 --> 00:34:09,719
Speaker 2: me wrong, I feel like lots of us appreciate like

781
00:34:09,800 --> 00:34:12,479
Speaker 2: a Coals My gift card, And as a business owner,

782
00:34:12,520 --> 00:34:15,120
Speaker 2: actually I've looked into this kind of stuff for like

783
00:34:15,480 --> 00:34:19,040
Speaker 2: Christmas presents and bonuses and stuff, And as a business owner,

784
00:34:19,080 --> 00:34:22,560
Speaker 2: it's actually easier to give you, guys like a gift card,

785
00:34:22,800 --> 00:34:24,759
Speaker 2: like a Coals My gift card that you could use

786
00:34:24,840 --> 00:34:26,680
Speaker 2: however you want them giving you cash because then you

787
00:34:26,719 --> 00:34:29,120
Speaker 2: don't have to pay tax on it. Oh yeah, and

788
00:34:29,200 --> 00:34:31,279
Speaker 2: it becomes like a work gift because I bought a

789
00:34:31,440 --> 00:34:35,320
Speaker 2: thing for you, sense yeah, Whereas if I just transferred

790
00:34:35,360 --> 00:34:39,200
Speaker 2: the cash, well, that's income, isn't it, So see you later.

791
00:34:39,520 --> 00:34:42,360
Speaker 2: However many percent in tax you pay. A lot of

792
00:34:42,400 --> 00:34:44,680
Speaker 2: people have said, look, you just don't need more stuff,

793
00:34:44,719 --> 00:34:46,720
Speaker 2: They just need to pay their bills, and I totally

794
00:34:46,800 --> 00:34:50,040
Speaker 2: resonate with that. Again, I just honestly like, I'm not

795
00:34:50,080 --> 00:34:51,680
Speaker 2: going to go through too many more of these, because

796
00:34:51,719 --> 00:34:53,759
Speaker 2: they're honestly the same. A few of you are a

797
00:34:53,800 --> 00:34:56,719
Speaker 2: bit rude, and I'm like, give her nothing, someone else said,

798
00:34:56,760 --> 00:34:58,960
Speaker 2: and I laughed at this. I shouldn't have laughed at this,

799
00:34:59,120 --> 00:35:01,879
Speaker 2: because it's kind of nice. They were like, why don't

800
00:35:01,880 --> 00:35:04,319
Speaker 2: you just make a hundred dollars donation on her behalf.

801
00:35:04,920 --> 00:35:11,000
Speaker 4: Or she'd hate it, Like you can't refund that's true,

802
00:35:11,120 --> 00:35:13,040
Speaker 4: that's true anyway.

803
00:35:13,120 --> 00:35:16,160
Speaker 2: I think it's really interesting. Again, I think, especially at

804
00:35:16,200 --> 00:35:18,760
Speaker 2: this point in the year, people do just need cash

805
00:35:18,960 --> 00:35:21,640
Speaker 2: to pay their bills, put food on the table, and

806
00:35:21,760 --> 00:35:23,800
Speaker 2: I don't think it's bad to ask for that. I

807
00:35:23,840 --> 00:35:26,600
Speaker 2: think it honestly all comes down to tone and meaning.

808
00:35:26,680 --> 00:35:29,920
Speaker 2: And if you're demanding something and saying, well, I want this,

809
00:35:30,200 --> 00:35:32,560
Speaker 2: and if you don't provide this, well then I'm just

810
00:35:32,640 --> 00:35:35,320
Speaker 2: going to return your gift, that to me feels a

811
00:35:35,360 --> 00:35:36,920
Speaker 2: bit ick and it's like, well, let's just not do

812
00:35:37,040 --> 00:35:39,120
Speaker 2: gifts because you clearly don't even care about the fact

813
00:35:39,160 --> 00:35:42,239
Speaker 2: that I would be gifting you something anyway, sure like, yeah,

814
00:35:42,440 --> 00:35:44,719
Speaker 2: keep your money, I'll keep my money, and we'll just

815
00:35:45,600 --> 00:35:49,120
Speaker 2: call it even so true anyway, those are my thoughts.

816
00:35:49,520 --> 00:35:52,640
Speaker 2: Anything else to wrap with. My ladies, have a wonderful Christmas.

817
00:35:53,480 --> 00:35:56,400
Speaker 4: Happy Christmas, my baby, Happy Christmas everyone.

818
00:35:56,719 --> 00:36:00,399
Speaker 2: I am so excited for Christmas Day. I look forward

819
00:36:00,440 --> 00:36:02,759
Speaker 2: to Christmas. Jess, it's the same. She's very festive, and

820
00:36:02,800 --> 00:36:04,760
Speaker 2: I think you rock a little bit of a Christmas

821
00:36:04,840 --> 00:36:07,200
Speaker 2: vibe too. I feel like you slip into it. But

822
00:36:07,320 --> 00:36:09,839
Speaker 2: it's also not the happiest time of year for each

823
00:36:09,880 --> 00:36:12,080
Speaker 2: and every single one of our community members. So if

824
00:36:12,080 --> 00:36:14,440
Speaker 2: you're hearing us talking about how exciting and amazing it

825
00:36:14,600 --> 00:36:16,880
Speaker 2: is and you're like, geez like, be like, that's not

826
00:36:16,960 --> 00:36:19,879
Speaker 2: going to be my Christmas. One, I'm really sorry. Two,

827
00:36:20,040 --> 00:36:22,000
Speaker 2: I'm thinking of you and we love you, and we

828
00:36:22,120 --> 00:36:24,279
Speaker 2: hear every single other day of the year. At the

829
00:36:24,400 --> 00:36:26,200
Speaker 2: end of the day, if you're not surrounded by people

830
00:36:26,239 --> 00:36:28,279
Speaker 2: who love and support you, then maybe you're in the

831
00:36:28,320 --> 00:36:31,560
Speaker 2: wrong room. But also, I just want to remind you

832
00:36:31,640 --> 00:36:33,760
Speaker 2: all that we are thinking of you and that Christmas

833
00:36:33,840 --> 00:36:36,239
Speaker 2: is bloody hard for lots of us. Yes, altely so

834
00:36:36,560 --> 00:36:39,920
Speaker 2: it's not easy. But another year we've done it, and

835
00:36:40,040 --> 00:36:42,759
Speaker 2: I think that we all deserve a little bevragino to

836
00:36:42,840 --> 00:36:45,320
Speaker 2: celebrate the fact that we're still here. We're still thriving.

837
00:36:45,600 --> 00:36:50,000
Speaker 4: Absolutely big Merry Christmas and happy yu'll to those who celebrate.

838
00:36:50,400 --> 00:36:53,919
Speaker 2: Yes see you next week, guys, Bye guys.

839
00:37:00,400 --> 00:37:02,920
Speaker 6: The advice shared on She's on the Money is general

840
00:37:03,000 --> 00:37:06,799
Speaker 6: in nature and does not consider your individual circumstances. She's

841
00:37:06,880 --> 00:37:10,280
Speaker 6: on the Money exists purely for educational purposes and should

842
00:37:10,360 --> 00:37:13,520
Speaker 6: not be relied upon to make an investment or financial decision.

843
00:37:13,920 --> 00:37:16,359
Speaker 6: If you do choose to buy a financial product, read

844
00:37:16,400 --> 00:37:19,640
Speaker 6: the PDS TMD and obtain appropriate financial.

845
00:37:19,320 --> 00:37:21,040
Speaker 2: Advice tailored towards your needs.

846
00:37:21,440 --> 00:37:25,360
Speaker 6: Victoria Divine and She's on the Money are authorized representatives

847
00:37:25,440 --> 00:37:29,279
Speaker 6: of money. Sheper pty Ltd ABN three two one IS

848
00:37:29,320 --> 00:37:33,200
Speaker 6: six four nine two seven seven zero eight AFSL four

849
00:37:33,320 --> 00:37:34,759
Speaker 6: five one two eight nine