Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
Speaker 1: the Order, Kerney Whalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money, the podcast
Speaker 2: for millennials who want financial freedom. Welcome back to another
Speaker 2: one of our money diaries where I get the absolute
Speaker 2: privilege of talking to one of our incredible She's on
Speaker 2: the Money community members all about their journey. Let's jump
Speaker 2: straight into it, because this week I got a message
Speaker 2: and it sounded like this.
Speaker 1: Hi V.
Speaker 2: I'm twenty five and spending is my crack due to
Speaker 2: a secret affair. My parents suddenly separated when I was six.
Speaker 2: Mum has always been a saver. Dad total opposite and
Speaker 2: relies on loans No matter the paycheck, my spending and
Speaker 2: savings go through extremes. After being misdiagnosed with anxiety and
Speaker 2: depression in twenty eighteen, my mental and financial wellbeing was
Speaker 2: taking a beating. Late twenty twenty two, at twenty five
Speaker 2: years old, I was diagnosed with ADHD. This was an
Speaker 2: incredibly expensive, but relieving experience, as the world and my
Speaker 2: financial behaviors made sense. Now I've paid off twenty five
Speaker 2: thousand dollars worth of consumer debt, but I'm right at
Speaker 2: the beginning of my journey to financial freedom. I have
Speaker 2: no savings and dopamine hits are steal my crack. But
Speaker 2: I'm learning every day thanks to Sheese on the Money
Speaker 2: Are money Diarist? Are we two peas in a pod?
Speaker 2: I think so, Oh my gosh. I feel like this
Speaker 2: is so relatable being misdiagnosed with anxiety and depression When
Speaker 2: you actually have ADHD, I feel like it's so common.
Speaker 2: And while I still do have anxiety and depression and
Speaker 2: I am medicated for both of those things, I feel
Speaker 2: like so many times people just whipped my ADHD off
Speaker 2: the table because they were like, Babe, it's just depression.
Speaker 2: It's just anxiety. It absolutely is not so money diarist.
Speaker 2: I'm really excited to learn a bit more about this.
Speaker 2: But as always, I ask this question at the start
Speaker 2: so that we can get a little bit of frame
Speaker 2: of reference. If I asked you to give your money
Speaker 2: habits a grade, what would you grade them? On a
Speaker 2: scale of A through F.
Speaker 3: So about two years ago I would have given myself
Speaker 3: a B M, and then up until about six weeks ago,
Speaker 3: I would have given myself AD And I think now
Speaker 3: I'm tracking back at a bee minor.
Speaker 2: Oh, a bee minus. That's a glow up in six weeks. Yes,
Speaker 2: I'm excited to hear more about that. Let's ask my
Speaker 2: favorite question ever, can you please tell me a little
Speaker 2: bit more about your money story. I feel like this
Speaker 2: one's a little bit spicy, especially with how you wrote in.
Speaker 4: Yeah.
Speaker 3: So, like I said, Mum really good with money, always
Speaker 3: made sure the bills were paid.
Speaker 4: Dad very impulsive, quite similar to me.
Speaker 3: But it wasn't really something that was spoken about at all. Really,
Speaker 3: I had no idea about our situation. I only knew
Speaker 3: that we were having home brand family pies for dinner,
Speaker 3: mushy peas, that kind of thing, saying that though I
Speaker 3: didn't go without completely, I was really fortunate to be
Speaker 3: really close with my grandparents because my parents were quite
Speaker 3: young when they had me, so I did get to
Speaker 3: go to England with them.
Speaker 4: When I was younger, and they kind of spoiled me
Speaker 4: a little bit.
Speaker 3: But I've started to come to terms with ADHD playing
Speaker 3: a big role in my money story, and it's kind
Speaker 3: of all or nothing mentality with everything, not just money.
Speaker 3: But I'm getting better with it now. I'm still working
Speaker 3: it out. It's still a day by day thing. I
Speaker 3: went to a private school which was funded by my
Speaker 3: mum's work because she works in the government, which was
Speaker 3: really good, and I wasn't allowed to work during school,
Speaker 3: so I had no basis of how to save money
Speaker 3: or how to even work or interact with people. After school,
Speaker 3: I went straight into work. I didn't have any time off,
Speaker 3: and I just started working at a local retailer that
Speaker 3: I didn't like it, it was just that got me through.
Speaker 3: Got my first paycheck, spent it all because that was
Speaker 3: the first bit of money I'd ever kind of received,
Speaker 3: and it just kept going, so kept earning, kept spending.
Speaker 3: I was lucky enough to be able to live at home,
Speaker 3: so I didn't have rent. But it got to the
Speaker 3: point where I started to need to pay for things, and.
Speaker 4: That's when it got a.
Speaker 3: Little slippery, and I started to rely a little bit
Speaker 3: old credit cards and getting alone. I never was taught
Speaker 3: to save or had any type of knowledge on what
Speaker 3: to do when you get a paycheck, so it was, yeah,
Speaker 3: a slipper slope.
Speaker 4: Got into a lot of debt.
Speaker 3: Working in the field that I do in dental, I
Speaker 3: wanted to have straight teeth.
Speaker 4: That was a very expensive escapade.
Speaker 2: I can absolutely relate to that. I did not realize
Speaker 2: how expensive it would be to straighten my teeth.
Speaker 3: And that was with a discount as well for my
Speaker 3: line of work, so that was quite expensive.
Speaker 4: I had to buy my first car, so all those things,
Speaker 4: I just thought, oh, need a loan, need to get
Speaker 4: a payment plan, and I thought that was okay. So yeah,
Speaker 4: that's kind of where that went.
Speaker 2: To, Oh my gosh. So it just all added up
Speaker 2: and added up. Do you think that you got I
Speaker 2: guess that mentality from your dad because he was very
Speaker 2: much a I rely on credit So when you first
Speaker 2: got your credit card, it didn't scare you or worry
Speaker 2: you in any way, shape or form.
Speaker 4: No, it terrified me.
Speaker 3: I didn't like the idea of getting a credit card
Speaker 3: or getting loans or anything, but I didn't know any
Speaker 3: other way.
Speaker 4: So yeah, my grandparents. My mom was always don't.
Speaker 3: Get a credit card, don't get a credit card. But
Speaker 3: my dad, without meaning to, kind of opened that door.
Speaker 2: That makes absolute sense. I feel like sometimes when you
Speaker 2: just don't have enough, feel like I'm terrified of this situation,
Speaker 2: but I also can't see another option on the table
Speaker 2: for me at the moment. How did it ultimately spiral
Speaker 2: from you just getting a credit card to get by
Speaker 2: to be twenty five thousand dollars of debt.
Speaker 4: I don't know. Honestly. I think it's just your living life.
Speaker 4: And I kept having that Yoloe mentality of I only
Speaker 4: live once.
Speaker 3: I just need to do whatever I can. I didn't
Speaker 3: do any major travel, I didn't do anything crazy, but
Speaker 3: I wanted to be young and afford going out to dinners,
Speaker 3: and I was always comparing my situation with people around
Speaker 3: me who could afford to do that because they had
Speaker 3: jobs in school, they had parents who could afford it.
Speaker 3: So I just wanted to keep up with the Joneses.
Speaker 3: And I secretly knew that I couldn't do it without
Speaker 3: those things.
Speaker 2: Yeah, I totally relate to that. I feel like it's
Speaker 2: such a I want to say slippery slope, but it's not.
Speaker 2: It's like a hill because you know what you're doing
Speaker 2: each and every single time, But each and every single
Speaker 2: time you tell yourself like, oh, I won't rely on
Speaker 2: it next time, like I'll just sort it out this time,
Speaker 2: and then it just it feels like it gets away
Speaker 2: from you.
Speaker 4: Right, Yeah, exactly.
Speaker 2: So you said before, now you're out of debt, twenty
Speaker 2: five thousand dollars would have been super overwhelming. How did
Speaker 2: you get out of twenty five thousand dollars worth of debt?
Speaker 4: I didn't have twenty five thousand dollars.
Speaker 3: Always it was kind of putting myself in debt getting
Speaker 3: out of it, putting myself back in worse debt getting
Speaker 3: out of it.
Speaker 4: It was a back and forth situation, a cycle.
Speaker 3: Yeah, it was a cycle, and I couldn't break it.
Speaker 3: And I'm happy to say I've finally broken it.
Speaker 2: What's the secret? How do we break it? There are
Speaker 2: lots of people who are struggling with this, and to
Speaker 2: be honest, I feel like I still struggle being a
Speaker 2: little bit spendy.
Speaker 4: There's no secret and I haven't worked it out. So
Speaker 4: if you work it out, so helpful.
Speaker 2: Thank you for coming on the show. Nice having your
Speaker 2: money diressed so so great. I want to know so
Speaker 2: much more about this, so I need to know. Now,
Speaker 2: what do you do for work? How much money do
Speaker 2: you earn?
Speaker 4: So I have these written down.
Speaker 3: I'm a clinical manager for a dental practice, which is
Speaker 3: about sixty six thousand, two hundred a year including super
Speaker 3: and then I also have a second job, which is
Speaker 3: a food and beverage attendant, and I get anywhere from
Speaker 3: eighty dollars a week to about three hundred, So it
Speaker 3: kind of just depends on how many hours I'm getting
Speaker 3: and if I can mentally keep up with it.
Speaker 2: When you said food and beverage attendant, that reminded me
Speaker 2: of when I was at UNI and I used to
Speaker 2: do like casual work for events and stuff. Is that
Speaker 2: similar or is this like in a restaurant or what
Speaker 2: does that look like in a.
Speaker 3: Bar and restaurant? But same award rate, I think with
Speaker 3: doing events and.
Speaker 2: Stuff, Yeah, how good? And that just is flexible depending
Speaker 2: on how much staffing they need, or like the events
Speaker 2: and stuff that are going on there, or what does
Speaker 2: that look like?
Speaker 4: Yeah, so sometimes I'm really motivated and I want to
Speaker 4: earn heaps of money.
Speaker 2: Other times you're like, I do not want to have
Speaker 2: a second job right now.
Speaker 3: This week is hectic, yes, exactly, and I want to
Speaker 3: pick up heaps of shifts. So I work and then
Speaker 3: I burn myself out, and then the next week I
Speaker 3: don't want to work at all. So it's just I'm
Speaker 3: still trying to find that happy medium of how many
Speaker 3: shifts is enough for me?
Speaker 2: Yeah? Absolutely? So what does that mean? You're taking home
Speaker 2: each week on average between the two into your bank account.
Speaker 4: So I get paid fortnightly.
Speaker 3: So fortnightly is two thousand and thirty bucks from my
Speaker 3: dental job and then around two hundred a week for
Speaker 3: my bar job.
Speaker 2: That's not too bad. So talk to me a little
Speaker 2: bit more about your money goals. You've got this two
Speaker 2: thousand and thirty dollars plus maybe two hundred dollars a
Speaker 2: week is coming in each and every single fortnight. What
Speaker 2: are we working towards? You got out of debt, you
Speaker 2: setting your leady in that you're now I guess beginning
Speaker 2: your journey to financial freedom, which I think is so exciting,
Speaker 2: But what does that look like? What are the big
Speaker 2: money goals that we have on the table.
Speaker 3: So I want the white picket fence Australian dream house, yes,
Speaker 3: but there's also a few things in between that that
Speaker 3: I really like to do for myself. I have two
Speaker 3: holidays coming up, one in August for a country concert,
Speaker 3: which I'm so excited about.
Speaker 2: How cool I know, I.
Speaker 3: Know, and a wedding next year for one of our
Speaker 3: best mates. So they're two of the short term money goals.
Speaker 3: And then next year I am hoping to get a
Speaker 3: breast reduction, So that's kind of a really big goal
Speaker 3: that I'm working towards that I'm hoping will be a
Speaker 3: next year thing.
Speaker 2: And is that something that you're working with a doctor
Speaker 2: to make sure that it kind of goes through Medicare
Speaker 2: and you actually get it as cheap as possible or
Speaker 2: is that something clear You're going, all right, well, my
Speaker 2: back isn't breaking me. This is cosmetic because there are
Speaker 2: obviously two very different streams you could go down when
Speaker 2: it comes to a breast reduction.
Speaker 3: No, I definitely went down the doctor referral path to
Speaker 3: get it because it's medically necessary, so a lot of
Speaker 3: it will be covered under Medicare, which.
Speaker 2: Is fabulous an absolute money when yes, but that means
Speaker 2: that you're probably on long waitlists. So what does that
Speaker 2: look like do you think?
Speaker 4: I don't think it's too long a waitlist.
Speaker 3: I live in the top end, so we're pretty lucky
Speaker 3: with that sort of thing. We don't have the best choice,
Speaker 3: but the waiting list isn't too bad.
Speaker 2: How much do you think that you'll be out of
Speaker 2: pocket for that?
Speaker 3: I have to pay about eight to ten grand upfront,
Speaker 3: and then we do the surgery and then I will
Speaker 3: get a lot of it back, potentially about two grand
Speaker 3: out of pocket after all this, but I still have
Speaker 3: to have the money there beforehand, yeah.
Speaker 2: To fund it. So what will it look like when
Speaker 2: it comes to like work? Are you having to take
Speaker 2: annually or sick leave or have you looked at that yet?
Speaker 4: Haven't looked at that yet? I probably could take some sickly.
Speaker 2: Well, it's medically necessary. That is absolutely sickly. If my
Speaker 2: friend sweet yep, they can call me.
Speaker 3: I won't be out of action for too long. I
Speaker 3: spoke to my doctor and he said maybe two weeks,
Speaker 3: but a lot of my job for my main dental
Speaker 3: job is sedatory, so I'm not assisting anymore as I'm
Speaker 3: the manager, so I don't do that side of things
Speaker 3: too much.
Speaker 2: Yeah, that's cool. It's good to know. And I feel
Speaker 2: like so many times when those surgeries come up, people
Speaker 2: only look at the final cost of the actual surgery
Speaker 2: and not like your time out of work or the
Speaker 2: time it's going to take to you know, get back
Speaker 2: into work. Or this one which one of my friends
Speaker 2: had recently when she had a breast reduction, the amount
Speaker 2: of money that she had to spend on the hairdresser
Speaker 2: to get her hair washed because she didn't realize that
Speaker 2: she wouldn't be able to or she wouldn't be comfortable
Speaker 2: to lift her arms above her head to wash her hair.
Speaker 2: So maybe that's something you could factor in, or just
Speaker 2: get a really good friend and a kitchen sink involved.
Speaker 2: And I feel like you'd say the whole.
Speaker 4: Hep the best bellie if my partner will be washing
Speaker 4: my hair.
Speaker 2: Yeah, turn out of ten. I love that commitment. All right,
Speaker 2: let's go to a really quick break because after I
Speaker 2: want to talk about investments and a little bit more
Speaker 2: about debt, and also you cannot start a letter to
Speaker 2: me that says due to a secret affair and then
Speaker 2: not give me any more details. So we will be
Speaker 2: back on the flip side money diarrest. We are back,
Speaker 2: and this is not an official money diary question. But
Speaker 2: as I said before the break, you can't write me
Speaker 2: a letter that says, hey, v due to a secret affair.
Speaker 2: What's the goss like, how did that come to I
Speaker 2: guess fruition and come out? And how did you find
Speaker 2: out about it if you were only six?
Speaker 3: Well, I didn't find out about it until only a
Speaker 3: couple of years ago.
Speaker 2: Really secret.
Speaker 4: Yeah, everyone bounced across and ask your mom musk a
Speaker 4: dad asked this person all that person?
Speaker 2: Oh my gosh.
Speaker 4: Yeah.
Speaker 3: So I kind of woke up one morning and my
Speaker 3: dad wasn't there. My mom came in and said, hey,
Speaker 3: Dad's just going away, and that's all I remember.
Speaker 4: Honestly, I was six. I don't remember too much.
Speaker 2: I'm just like, all right, see soon, dad.
Speaker 3: Yeah, And I still saw my dad every weekend. Still
Speaker 3: have a really good relationship with both of them. It
Speaker 3: was just a really strange time when I was younger.
Speaker 3: But they tried to make sure initially that it wasn't
Speaker 3: too complicated and too involved for me, so that was
Speaker 3: good on their behalf. But I think it's still something
Speaker 3: that's underlying that I probably have to work through a
Speaker 3: little bit sometimes.
Speaker 2: I was about to say, I'm really impressed that through that, because,
Speaker 2: like you best believe if my partner does that to me,
Speaker 2: straight under the bus, straight under the bus, and I'll
Speaker 2: be driving. But I feel like that's such a mature
Speaker 2: way to deal with it, because obviously kids aren't emotionally
Speaker 2: mature enough to be able to comprehend something like that.
Speaker 2: I was going to say, Oh, it's really good that
Speaker 2: you kind of missed that younger trauma. But it's something
Speaker 2: that I think when you learn something like that about
Speaker 2: parents in particular, it does end up impacting you. So
Speaker 2: do you think this in any way impacts your money
Speaker 2: story or how you approach money, or even how your
Speaker 2: parents approached money while you were growing up.
Speaker 3: I think it had a bit of an impact on
Speaker 3: my mom making sure she had savings or something to
Speaker 3: back her. She was always really good with money, so
Speaker 3: she kind of did anyways. But I think it just
Speaker 3: reinforced that people aren't always together forever. Things happen and
Speaker 3: you need to have something there to save you so
Speaker 3: you're not stuck or in a situation you don't want
Speaker 3: to be.
Speaker 4: Yeah.
Speaker 2: No, I totally agree with that. I always find it
Speaker 2: so interesting because that could have been, I guess, a
Speaker 2: pivot point of your childhood. It could have been something
Speaker 2: that really was like the sticking point of I guess trauma.
Speaker 2: But the way they dealt with it, I don't know.
Speaker 2: I find that really mature of them, because, as I said,
Speaker 2: i'd be driving the bus. I don't know. I would
Speaker 2: hope that I had the same maturity. I want to know. Next, though,
Speaker 2: talk to me about investments. You said that you were
Speaker 2: at the beginning of your journey to financial freedom. Do
Speaker 2: you have any investments? If so, what are they? If not,
Speaker 2: what do you want them to be?
Speaker 3: So I just have the super and I've been making
Speaker 3: some extra contributions to that for now, just because I'm
Speaker 3: not too confident with the investing world yet and I'd
Speaker 3: rather have more savings to lean back on, just in
Speaker 3: case for an emergency fund. But I just checked before
Speaker 3: this and I'm sitting at thirty eighty six hundred in
Speaker 3: my super.
Speaker 2: Oh my gosh, that is so good for your age.
Speaker 2: You are twenty five years old and have thirty eight
Speaker 2: k in super really Yes, that's massive, my friend, that
Speaker 2: is so good. Talk to me about your super fund.
Speaker 2: Did you pick your super fund? Have you ever changed it?
Speaker 2: What does that look like?
Speaker 3: I was with one that my first job created for
Speaker 3: me and my employer who I have now at the
Speaker 3: dental practice. We're super close. I've been here for for
Speaker 3: six years and he's kind of like my second dad.
Speaker 3: He teaches me about those things. We have money conversations
Speaker 3: all the time. So I kind of said to him
Speaker 3: one day, what super are you with? And then created
Speaker 3: one in oz super and yeah.
Speaker 2: How good. I love it when I can ask questions
Speaker 2: and people are like, yeah, I put myself in a
Speaker 2: super fund that made sense for me. I looked at
Speaker 2: my options like it's just so nice because at twenty five, No,
Speaker 2: I didn't have it together absolutely not like I think.
Speaker 2: I still had three super funds. I didn't really know
Speaker 2: what they're up to. I was wasting fees on all
Speaker 2: of them, and I just didn't make it a priority.
Speaker 2: But future you is going to be so much better
Speaker 2: off because you've done that, and it just makes me
Speaker 2: so happy, all Right, talk to me about debt. You
Speaker 2: mentioned that you had recently paid off twenty five thousand
Speaker 2: dollars worth of consumer debt. Do you have any other debt?
Speaker 2: If so, what is it?
Speaker 3: No debt at the moment, Queen behavior, You're smirking while
Speaker 3: saying that, are you super proud?
Speaker 4: I am, because it's been a long time coming.
Speaker 2: Yes, I love that. And what are we doing to
Speaker 2: stay out of debt?
Speaker 3: Well, the emergency fund is being created as we speak, love.
Speaker 3: And I've started automating things a lot more because my
Speaker 3: impulsivity and dopamine hits, like I said, a crack and
Speaker 3: I struggle with that a lot. So I've had to
Speaker 3: automate things and redo everything.
Speaker 4: And now it's we're going good. We're going good.
Speaker 2: I also it's very common knowledge that I also have ADHD,
Speaker 2: and I feel like one of the biggest game changes
Speaker 2: for me was actually automating my cash flow system. I
Speaker 2: feel like because I am so impulsive, but also with ADHD,
Speaker 2: it's very out of sight, out of mind. I feel
Speaker 2: like so many times I'd get a bill and then
Speaker 2: I get the late fees because I hadn't paid it
Speaker 2: and I'd seen it come in and I go oh,
Speaker 2: I'll pay that, and then I never think about it
Speaker 2: ever again. So I get the late fees or I
Speaker 2: get the fees for like, you know, having a fine,
Speaker 2: like a parking fine. I remember I let a parking
Speaker 2: fine get completely out of control and it was like
Speaker 2: an eighty eight dollar fine that ended up costume close
Speaker 2: to five hundred dollars because I literally just kept forgetting
Speaker 2: about it. It's not because I didn't want to, It's
Speaker 2: because I kept forgetting about it, and everything when it
Speaker 2: came to money was so overwhelming. So hearing you say, oh,
Speaker 2: I'm automating things, I think that's so smart. It's literally
Speaker 2: why and I'm going to gift it to you. Actually
Speaker 2: we'll talk about that after, but it's why I created
Speaker 2: the budget and cash flow system that I have so
Speaker 2: my online master class, because that master class one is
Speaker 2: built by me who has ADHD, but it automates everything,
Speaker 2: so it kind of like takes control of your budget
Speaker 2: and says, what's your budget, and then it spits out
Speaker 2: what your actual cash flow should look like to have
Speaker 2: a clean budget and have a clean I guess list
Speaker 2: of goals. So for me, that was a game changer,
Speaker 2: and I think it might be for you, So we'll
Speaker 2: talk about that later.
Speaker 4: Well, you'll be pleased to know I already did.
Speaker 2: You already have it. I can't even gift it to you.
Speaker 2: I I'll send you a couple of books. I look,
Speaker 2: I'm glad we had this conversation. Did it work? Did
Speaker 2: it help?
Speaker 4: Yes?
Speaker 2: Did it actually or are you just saying that because
Speaker 2: you're literally on my show and you can't say, oh,
Speaker 2: VB it was pretty trash?
Speaker 4: No, it was good.
Speaker 3: I just changed things because I'm very particular with things,
Speaker 3: so I changed it up a little bit, but the
Speaker 3: basis was still the same.
Speaker 2: Which I absolutely allow. All Right, I love hearing that.
Speaker 2: But tell me about your emergency fund because you mentioned
Speaker 2: before when I said how are we staying out of debt?
Speaker 2: You said, I'm going to have an emergency fund. How
Speaker 2: have you decided on how much you're going to put
Speaker 2: into that?
Speaker 3: So I didn't have a end goal amount as such.
Speaker 3: I'm kind of just I have a director of it
Speaker 3: that goes from my normal account to the account I
Speaker 3: don't have access to. Every fortnight when I get paid,
Speaker 3: it goes straight into there, and that's about five hundred
Speaker 3: bucks a fortnight.
Speaker 2: Oh that's gonna grow very quickly, my friend.
Speaker 4: Yes, that's the plan.
Speaker 2: That's very attractive.
Speaker 3: I like this, Thank you, And then every time I
Speaker 3: work at the bar, that paycheck goes straight into the
Speaker 3: emergency fund as well, so I don't see it because
Speaker 3: if I see it, I spend it.
Speaker 2: I love this. You're just like taking control by completely
Speaker 2: taking it away from yourself. Yeah, genius, genius. I love that.
Speaker 2: At what point, and I mean, you said you hadn't
Speaker 2: really thought about it, but I guess what would be
Speaker 2: a number that, off the top of your head makes
Speaker 2: you feel comfortable. Is it one thousand dollars? Is it
Speaker 2: five thousand dollars? Is it ten thousand dollars? That you go, Oh,
Speaker 2: that would be nice.
Speaker 3: I'm kind of aiming for five grand at this stage,
Speaker 3: keeping in mind I do have some holidays coming up,
Speaker 3: and I do have some things that I need to
Speaker 3: pay for, but five grand for me at the moment
Speaker 3: would be kind of nice.
Speaker 2: I'm excited that you get to go on this August
Speaker 2: holiday because I feel like when you explained why you
Speaker 2: were going, your face lit up. Is country music something
Speaker 2: that you're really passionate about? If so, tell me a
Speaker 2: little bit more about this holiday and how much it's
Speaker 2: going to cost you.
Speaker 3: I'm a country gal, so I love country music. We're
Speaker 3: going to see Luke Holmes, who is going to Adelaide.
Speaker 3: Somehow I managed to get tickets.
Speaker 4: I was on the ticket website four hours before the
Speaker 4: tickets actually came out.
Speaker 3: So I made sure I got tickets. We've kind of
Speaker 3: got a bit of a rough budget that my partner
Speaker 3: and I have worked out for the holiday. We like
Speaker 3: to pay for things as they come up, so that
Speaker 3: most of it's page.
Speaker 2: Is he the guy that sings the fast Castle.
Speaker 4: He covers it?
Speaker 2: Yeah, but he sung that, right. I feel like that's
Speaker 2: come up on my Spotify and he's really good.
Speaker 3: Yes, it would have, because it's just gone crazy, a
Speaker 3: little too crazy for my lacking if I want to.
Speaker 2: But is that why you had to like wait on
Speaker 2: the website because other people who have now gotten in
Speaker 2: on what you already discovered. Yes, That's how I felt
Speaker 2: about Taylor Swift, And now I'm validated by the amount
Speaker 2: of fans she has because I'm like, yeah, well I
Speaker 2: knew about her when I was young, and you said
Speaker 2: I was lame.
Speaker 4: Yeah, exactly.
Speaker 2: I love that. I love that so much. But you
Speaker 2: also mentioned that next year you're going to a wedding,
Speaker 2: and that's something that you're budgeting for, and like, that's
Speaker 2: a really topical conversation, right, So I'm assuming you're going
Speaker 2: to a destination wedding. Can you tell me without going
Speaker 2: too much, I guess into it because we don't want
Speaker 2: to throw anyone under a bus. But where is that
Speaker 2: and how much do you think that's going to cost you?
Speaker 3: So it's in Victoria, and usually my partner and I
Speaker 3: we wouldn't.
Speaker 4: Really travel for people's weddings. And that sounds horrible, but
Speaker 4: it's a lot. It's a lot of money.
Speaker 3: But it is one of his really close friends, and
Speaker 3: I would never imagine saying no.
Speaker 4: Yeah, absolutely, So we've made a decision to go.
Speaker 3: Whether that be for just the wedding or we have
Speaker 3: a couple of days down there with them, I'm not
Speaker 3: too sure. But we just paid for the accommodation for
Speaker 3: three nights, which is six hundred bucks, which isn't too bad.
Speaker 2: My gosh, that's so much. It's still a lot of
Speaker 2: money to go to somebody else's wedding, and like, I
Speaker 2: adore it, and as someone who has been a bride,
Speaker 2: and I have had people travel for me to come
Speaker 2: to my wedding. I was so overwhelmingly grateful, but I
Speaker 2: wouldn't want anyone to think that I didn't think of
Speaker 2: the financial implications of that. And like the idea that
Speaker 2: it now has to become one of your money goals
Speaker 2: to me goes, Oh, is there something weird about these?
Speaker 2: Like is there something that maybe means you're putting off
Speaker 2: your life goals and your emergency fund and you creating
Speaker 2: financial freedom to celebrate somebody else, And like, obviously it's
Speaker 2: so aligned to your values, and that's fine. I just
Speaker 2: always like to have these conversations that arguably make people uncomfortable,
Speaker 2: but sometimes we have to be uncomfortable to ultimately put
Speaker 2: ourselves first. But I love that you were like, oh,
Speaker 2: we usually don't do this, but this one's really important
Speaker 2: to us. So that makes me very happy.
Speaker 4: It was a big decision to do it, and I've
Speaker 4: always previously been in the mentality of oh, I just
Speaker 4: can't afford it, And that's always been my what I
Speaker 4: say when people say, do you want to do something?
Speaker 4: I just can't afford it.
Speaker 3: But with this new mentality I've got around money and
Speaker 3: with my understanding of my diagnosis and automating things, making
Speaker 3: things all easier on myself. If I'm starting to realize
Speaker 3: that if I have a goal and I put my
Speaker 3: mind to it and I have a plan, it will happen.
Speaker 3: And this is just one of those things that we
Speaker 3: really want to do because he is one of my
Speaker 3: partner's best mates. So it's kind of not an option
Speaker 3: for us. It was a high value thing for us.
Speaker 2: My gosh, I am obsessed with this mentality change that
Speaker 2: you're making, and it just makes me so happy to
Speaker 2: know that I guess reframing that and we know or
Speaker 2: I know that reframing is such a powerful technique that
Speaker 2: you can implement literally at any stage. It is free.
Speaker 2: But this idea of going from I can't afford it
Speaker 2: to it's actually not in line with my values or
Speaker 2: it's not in line with the goals I'm working towards
Speaker 2: right now. Because regardless of your income, regardless of you
Speaker 2: know what your values are or what costs you have
Speaker 2: at the moment, this idea that you can't afford, it
Speaker 2: actually stems back to it is not a priority for me.
Speaker 2: And I think that that's much more empowering than telling
Speaker 2: yourself and giving yourself this dialogue of like, oh, they
Speaker 2: I can't afford it. It's like, well, actually, regardless of
Speaker 2: your income, a lot of people would choose to do
Speaker 2: that and that's okay, and they can quote afford it
Speaker 2: because they have the money in it, going into debt
Speaker 2: for it. But when I say I can't afford it,
Speaker 2: I go, I can't afford it at the cost of
Speaker 2: all the other goals and the values that I hold.
Speaker 2: I can't afford it at the cost of, you know,
Speaker 2: putting to the side something else that's incredibly important to me.
Speaker 2: And I think that that just puts you in so
Speaker 2: much more control. And obviously you've only recently changed this
Speaker 2: mindset which I'm so excited to be on. I guess
Speaker 2: the journey with you of but how have you seen
Speaker 2: that making you feel just this shift of going, oh,
Speaker 2: I'm not going to say that anymore. I'm going to
Speaker 2: say this, what does that look like?
Speaker 3: It feels really good to know that I can contribute
Speaker 3: to things. For example, my partner and I have been
Speaker 3: together five years now, and a lot of the time
Speaker 3: it was just we wouldn't plan things because I couldn't
Speaker 3: afford it, and it is really heartbreaking because we're a
Speaker 3: really big camping fishing couple.
Speaker 4: We love it. It's our lifestyle, it's who we are.
Speaker 4: So for me to have to say no a lot
Speaker 4: of the time, even though I really wanted to, was
Speaker 4: so hard and it started to affect our relationship a
Speaker 4: little bit because I wanted to say yes, but I
Speaker 4: knew that if I said yes, he would be paying
Speaker 4: for all of it, and to me, that's not right.
Speaker 4: I need to pay half.
Speaker 3: So it's really uplifting now that I can put towards things.
Speaker 3: And if we need to pay for the wedding accommodation,
Speaker 3: we did it the other day. We didn't have to
Speaker 3: use a payment plan or it wasn't like a, oh
Speaker 3: you know what, we just can't afford it.
Speaker 4: So yeah, it's uplifting. I really I'm enjoying it.
Speaker 2: I love it so much, like it genuinely makes me
Speaker 2: so happy. And I think my favorite part about this
Speaker 2: is like you can walk the walk. You're like you
Speaker 2: could tell me, yeah, I'm so empowered by this. But
Speaker 2: I get the privilege that nobody else listening to this
Speaker 2: podcast gets and that's I can see you right now
Speaker 2: and you are like beaming when you're telling me this,
Speaker 2: like you've got this smile on your face, like I'm
Speaker 2: so far out of myself and I'm genuinely, I guess
Speaker 2: gratified by this, and it honestly makes my day. Like
Speaker 2: this is why money diaries are my favorite, Like learning
Speaker 2: about people, learning about their journeys and knowing that they're
Speaker 2: putting themselves in the best possible position. It's so lame,
Speaker 2: but like it's my favorite. All Right, we are coming
Speaker 2: to the end of the show. I'm so sorry, but
Speaker 2: we've got a few questions before we go. I want
Speaker 2: to know what do you think your best money habit is?
Speaker 3: Best money habit starting to automate things now and I
Speaker 3: always compare pricing. I never take the first price. If
Speaker 3: we're going to a hardware store and I need to
Speaker 3: buy something, I will be asking for a discount, or
Speaker 3: I'll be asking for something or I always look out
Speaker 3: for deals.
Speaker 4: Love yep.
Speaker 2: And then slip that on its head, my friend, what
Speaker 2: is your worst money habit? And you can't say adhd.
Speaker 4: Okay.
Speaker 3: I will go around it and say being obsessed with
Speaker 3: something to the point where I'll buy everything for that
Speaker 3: hobby or that accessions and then never using it because
Speaker 3: it's overwhelming.
Speaker 4: And I did it with a sewing machine.
Speaker 3: I've done it with so many things in my life,
Speaker 3: and it's taken a lot of money from me, this
Speaker 3: habit that I have. But I'm working on understanding that
Speaker 3: impulsivity letting it sit for twenty four hours and then
Speaker 3: going back, even if I put it all in my cart,
Speaker 3: see it there and then the next day forget about it.
Speaker 4: It just yeah, that's my worst money habit.
Speaker 2: I had to stop myself the other day, so I
Speaker 2: went down a rabbit hole. And anyone who has ADHD
Speaker 2: knows this happens after the hour of eight pm. You'll
Speaker 2: be sitting on the couch like, yeah, it's like after
Speaker 2: eight pm. Like you're not going to do it during
Speaker 2: the day. You're busy during the day thinking about other things.
Speaker 2: But I got in my head after seeing like two
Speaker 2: tiktoks of someone using what's called a cricket, which is
Speaker 2: essentially this like laser cut of printer that can cut
Speaker 2: out stickers and like lots of different things, right, I
Speaker 2: decided I needed one. I was like, I am here
Speaker 2: for this. We're going to need the cricket, We're going
Speaker 2: to need all the accessories, Like if you've got ADHD,
Speaker 2: you don't just do entry level Like that would be stupid.
Speaker 2: I'm so committed to this new hobby that I've never
Speaker 2: tried that we're not going entry level, like we need
Speaker 2: the mid level like machine. We also need all of
Speaker 2: the accessories because like the accessories look really good. I
Speaker 2: need all of the different papers because like what if
Speaker 2: pink isn't enough? Right? So I put them all in
Speaker 2: my cart and it was like a thousand dollars worth
Speaker 2: of stuff and I had to stop myself. I was like,
Speaker 2: what am I doing? Like this is not okay. I
Speaker 2: didn't do it. I told myself I'll put twenty four
Speaker 2: hours between me and my spending and I didn't do it.
Speaker 2: And I'm so impressed. But when you said that, I
Speaker 2: was like, I swear I have a new hobby every
Speaker 2: single week. My husband actually sometimes I'll come home with
Speaker 2: something and he'll be like, oh, is that this week's hobby?
Speaker 4: Is it?
Speaker 2: And I'm like, I feel personally victimized when he does that.
Speaker 2: Why can't I be more like him and consistently enjoy
Speaker 2: my lawn? Like it's just going to have that?
Speaker 4: How it's not how its eight o'clock is the worst time.
Speaker 3: Right just after div Yeah, just after dinner, sitting on
Speaker 3: the couch watching something on TV, and then you start.
Speaker 2: Scrolling, yeah, because you can't just watch TV, Like, We've
Speaker 2: got to do all the things all at once, and
Speaker 2: we're flicking between TikTok and the internet like Explorer to
Speaker 2: like look up these things like that. We're we're not
Speaker 2: just on one thing. And then, oh my gosh, I've
Speaker 2: got this great idea. Are you ready to hear it?
Speaker 2: It's an ADHD library. You get in with an ADHD diagnosis,
Speaker 2: Like that's what you use your like your library card for,
Speaker 2: but instead of books, it has hobby buckets and you
Speaker 2: can go in and in one bucket's like the sewing hobby,
Speaker 2: and in another it's like the cricket hobby. And then
Speaker 2: the next week I can return it and get a
Speaker 2: different hobby, like and we all just swap.
Speaker 4: I'm down, Yes, I'm so down for that.
Speaker 2: See, I feel like that would be good. You want
Speaker 2: to do embroidery this week, No worries. Take home all
Speaker 2: of this stuff. Your house is not going to be
Speaker 2: messy anymore because it's full of all your hobbies and
Speaker 2: your crafts and things that you take up. It's definitely returnable.
Speaker 2: How good's that you hand it over to another adha.
Speaker 4: Bucket because you don't start it.
Speaker 2: Yeah, yeah, exactly, and then you return it next week.
Speaker 2: We will have late fees though, because we'll make an
Speaker 2: absolute killing because every adhd Galie won't return it on time,
Speaker 2: and we'll just make a whole heap of money on
Speaker 2: late face. It's a really good idea. I think it's
Speaker 2: like a toy library, but for adults. I think we're
Speaker 2: done here because I've absolutely lost the plot. But at
Speaker 2: the very start, you said six weeks ago you rated
Speaker 2: yourself as a D and now you're a B minus.
Speaker 2: I feel like you're way better than a B minus.
Speaker 2: But I want to know from your perspective after all
Speaker 2: of this, it sounds like you are absolutely killing it.
Speaker 2: Like I mean, you did say I've got that white
Speaker 2: picket fans stream home. We didn't talk a lot about that,
Speaker 2: but we talked about your money goals and what you're
Speaker 2: trying to achieve, and the fact that you care a
Speaker 2: lot about your super and you have a second job
Speaker 2: and you've automated your savings on your cash flow and
Speaker 2: you're working towards an emergency fund, I would say, relatively aggressively,
Speaker 2: what do you think it would take to get you
Speaker 2: to an A from a B minus?
Speaker 3: I still need to rain in those impulsive purchases and
Speaker 3: understand that you don't need that top ten times because
Speaker 3: next week it won't be the top of your dreams.
Speaker 2: What do you mean I don't need to buy it
Speaker 2: in every single color? But I have it in white,
Speaker 2: and I really like the white. But it comes in
Speaker 2: black and navy and space. Do you think I should
Speaker 2: not get those now?
Speaker 4: No? And you need to learn, and we need to
Speaker 4: learn and.
Speaker 3: Stick together to not be so impulsive and to be
Speaker 3: a little more realistic.
Speaker 4: I think I also with that impulsivity.
Speaker 3: If there's something wrong with me, or for example, I'm
Speaker 3: seeing a dermatologist right now because of my skin I've
Speaker 3: always had acne.
Speaker 4: I don't just halfheartedly.
Speaker 3: Go into that. I go into that. I buy every
Speaker 3: product that I need. I go crazy.
Speaker 4: It I'm doing.
Speaker 3: I'm going back and forth between if I can rain
Speaker 3: in those impulsivity habits and stage the appointments out rather
Speaker 3: than just being all focused in on once and spending
Speaker 3: a lot of money on it.
Speaker 4: I think I can potentially get.
Speaker 3: My grade higher, but I just I know in myself,
Speaker 3: I still think I will be a bee for a
Speaker 3: little while longer until I can get those under control.
Speaker 2: But it sounds like you are absolutely on the path
Speaker 2: towards an A plus, like you are taking all the
Speaker 2: right steps. And I think, after hearing you speak, I
Speaker 2: guess the tagline of ADHD should be go hard or
Speaker 2: just go home, because like we're only doing one of
Speaker 2: those two things. There is no middle ground, no middle ground,
Speaker 2: absolutely not anyway, it has been so good talking to you.
Speaker 2: I feel like you and I are genuinely two peas
Speaker 2: in a pod. Thank you so much for sharing your
Speaker 2: money diary and your story and your journey with us.
Speaker 2: I feel like it's so inspirational to talk to someone
Speaker 2: who's just gotten out of debt, has just made a
Speaker 2: mindset shift to putting themselves in the best possible position.
Speaker 2: It's inspiring, but it's also just so beautiful to see
Speaker 2: how people are changing and putting themselves in the best
Speaker 2: possible position. And it makes me so proud but so
Speaker 2: excited for you. So I cannot wait for an update
Speaker 2: from you in the future. Okay, yeah, I promise I'm
Speaker 2: so excited. Thank you so much for joining us. The
Speaker 2: advice shared on She's on the Money is general in
Speaker 2: nature and does not consider your individual circumstances. She's on
Speaker 2: the Money exists purely for educational purposes and should not
Speaker 2: be relied upon to make an investment or financial decision.
Speaker 2: If you do choose to buy a financial product, read
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards
Speaker 2: your needs. Victoria Divine and She's on the Money are
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