Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
Speaker 1: the Order Kerni Whoalbury 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. She's on the Money. She's on
Speaker 2: the Money.
Speaker 3: Hello, and welcome to She's the Money, the podcast for
Speaker 3: millennials who want financial freedom.
Speaker 2: My friends, today is Friday, which means it is.
Speaker 3: Time to get my little team together and celebrate you
Speaker 3: ow incredible.
Speaker 2: She's on the Money community.
Speaker 3: Today, Miss beck Sayed is going to be sharing her
Speaker 3: broke tips. Mister Scricci has pulled out a whole heap
Speaker 3: of her favorite money wins from the community to share.
Speaker 3: We're going to be helping to answer a juicy money dilemma,
Speaker 3: which this week is all about buying property from an
Speaker 3: inheritance in a relationship, and we're going to be unpacking.
Speaker 2: Something juicy that you slid into our DMS about this.
Speaker 3: Week, we're talking about covering costs when travel with friends changes. Beck,
Speaker 3: I feel like you're gonna have a few comments on
Speaker 3: this one. So I can't wait because I feel like
Speaker 3: you've traveled a lot, but you also have had like
Speaker 3: lots of things change, and like anyway, I can't wait
Speaker 3: to get to it. But before we get there, how
Speaker 3: about our weeks my friends? Good, welcome home, Thank you
Speaker 3: for having me. Very excited to have you back. I'm
Speaker 3: really glad to be back. But don't get me wrong.
Speaker 3: The biggest privilege to be able to travel, especially with
Speaker 3: a baby, a lot of hard work, Like, don't get
Speaker 3: me wrong, Like it wasn't easy, but I don't regret it.
Speaker 3: Like if anyone's thinking about traveling and they have it
Speaker 3: in their budget to be able to travel with a
Speaker 3: young baby, do it like you're gonna have to parent
Speaker 3: whether you're here or whether you're there, like and so true.
Speaker 3: I'm telling you right now, it was a lot easier
Speaker 3: getting up in the morning, being like I haven't slept,
Speaker 3: but I'm in Rome.
Speaker 4: Yeah, if you're going to be overtime, might as well
Speaker 4: be overtight.
Speaker 3: Some we're fun and pretty yeah, exactly right, where the
Speaker 3: apparols are easier to obtain. And I mean it's rude
Speaker 3: not to drink caparole if you're overseas it's illegal. I think,
Speaker 3: oh yeah, I'm pretty sure it is illegal. But enough
Speaker 3: about me.
Speaker 2: Jess has had a good week. Beck, how's your week been.
Speaker 2: It's been really good. We both we miss each other
Speaker 2: for like six weeks. As I was Japan, it was like,
Speaker 2: low key rude. How was Japan? It was incredible? I
Speaker 2: saw the photos, so I know it was incredible.
Speaker 5: It was incredible, And I didn't like contra prariy to
Speaker 5: what I probably portray. I am not like I'm not
Speaker 5: huge on travel. I don't like walking around with like
Speaker 5: dirty clothes, and I don't like transiting every two days.
Speaker 5: I don't enjoy it. But Japan, I am so excited
Speaker 5: to go back.
Speaker 2: It was the seat.
Speaker 3: I just said the same thing you said that, oh,
Speaker 3: Japan wasn't really like something that was super on my radar,
Speaker 3: and then you went You're like, I'm going back, Like
Speaker 3: that is the best holiday I've been on I'm yet
Speaker 3: to go, and you guys are making me go.
Speaker 2: Maybe that's my next location.
Speaker 5: Yeah, you really really need to, really like, I'm never
Speaker 5: craving a travel I'm never craving a holiday even but
Speaker 5: there's something about Japan.
Speaker 2: I just cannot wait to go back. I love that. Yeah,
Speaker 2: it was really really cool, good trip to Japan.
Speaker 3: Yeah, and I know that a lot of people have
Speaker 3: been following your employment journey back.
Speaker 2: Oh yeah, we.
Speaker 3: Have been rooting for you, and I think everyone was like,
Speaker 3: oh my god, she got made redundant.
Speaker 2: What is she going to do. We're talking about budgets
Speaker 2: for the last couple of weeks before I left. If
Speaker 2: you got any interesting news on that front, No.
Speaker 5: Let's move on kidding. I do have a new job
Speaker 5: officially as of July.
Speaker 2: First. Finally, I'm so excited. Thank you so much.
Speaker 3: I honestly like and it's in the same building, it's
Speaker 3: in the same company. So you got made redundant and
Speaker 3: then the other side picked you up.
Speaker 2: I love that. Yeah, I mean so that just tells
Speaker 2: everybody that she's really good at what she does. That's
Speaker 2: so nice. Thank you so much.
Speaker 5: Honestly, I could have cried when they told me because
Speaker 5: I was like, it's over.
Speaker 3: Like, I guess that's how lots of people who have
Speaker 3: been made redundant feel like Jesse, You've spoken on the
Speaker 3: show before about being made redundant, and you're just like,
Speaker 3: I feel like I'm in limbo. It's like, yeah, well,
Speaker 3: I'm really glad, and I know the community is going
Speaker 3: to be so proud of you, but so excited to
Speaker 3: hear because like.
Speaker 2: It's just nice to know what you're up to, my friends,
Speaker 2: It's so sweet. Thank you so much.
Speaker 3: I want to get into it, though, it's just gretch.
Speaker 3: Have you got some money wins and confessions from the community.
Speaker 2: That you'd like to share? Absolutely?
Speaker 4: I do. First when I've got this week comes from Hannah,
Speaker 4: who said, I've officially paid off both my car loan
Speaker 4: and my credit card, which is two huge debts gone
Speaker 4: and a big fat weight off my shoulders.
Speaker 2: How good is that? Congratulation?
Speaker 5: Debt?
Speaker 2: It's not just one two And do you know what
Speaker 2: I love about that?
Speaker 3: So like complete side note, when people write into our
Speaker 3: group or comment on one of our threads and say
Speaker 3: I'm out of debt, you just know that the intention
Speaker 3: is not to get back into debt, because like how
Speaker 3: many of us have paid off our credit cards and
Speaker 3: be like yeah, okay, Like I'll put it in my
Speaker 3: back pocket and I'll just use it again. Like I
Speaker 3: feel like when they're commenting, they're like line in the sand,
Speaker 3: like I'm not going to do that again.
Speaker 2: And I just I'm just so excited for all the
Speaker 2: change you guys are making.
Speaker 4: And last thing, everyone get around each other. Yes when
Speaker 4: I someone comments that's so sweet, I know. Next, I've
Speaker 4: got money in from at Chelsea, who said money win.
Speaker 4: My flatmate and I have been discussing buying a dinner
Speaker 4: table for months now. She then tells me that a
Speaker 4: lovely wooden ica dining table has been sitting abandoned behind
Speaker 4: her parking spot, which is like allocated in their apartment.
Speaker 4: They have specific parking spots since she moved in. No
Speaker 4: one's ever come back for it, so now they have
Speaker 4: a beautiful dining table for free money.
Speaker 2: Money love that maybe someone eats dinner there every night.
Speaker 2: Maybe he's never busted him. That's true. That makes on
Speaker 2: the floor. Now.
Speaker 4: Next, I've got of money win from Alla, who said
Speaker 4: she was shopping around for a new phone service provider
Speaker 4: because it is getting very expensive. Turns out that Optus
Speaker 4: offers students a discount, so it's thirty nine dollars for
Speaker 4: one hundred gigs over twelve months, so twenty bucks cheaper
Speaker 4: per month than what she was paying previously, which means
Speaker 4: she has saved two hundred and forty dollars for the
Speaker 4: year for double the data.
Speaker 2: I lovely money win.
Speaker 4: I didn't think you could get a student discount on
Speaker 4: something like that, so it's really.
Speaker 2: Ask always really salty.
Speaker 3: When I lost my student discount that I used to
Speaker 3: have on my old phone planned it was only five
Speaker 3: dollars a month, but like that plan was five dollars. No,
Speaker 3: the student discount was five dollars a month.
Speaker 2: Lock me down. Imagine if it.
Speaker 3: Was five dollars a month, I'd be like, guys, every
Speaker 3: body go no, it used to be five dollars a month.
Speaker 3: And I just remember being like, oh, I don't have
Speaker 3: a student card anymore to upload because every year I
Speaker 3: had to upload my student card to keep the discount,
Speaker 3: and then they took it away, and I was like,
Speaker 3: I mean, it's fair because I have a full time job,
Speaker 3: but I don't really like this.
Speaker 4: My boyfriend was a matured student and his student ID
Speaker 4: expires at the end of this year, but he graduated
Speaker 4: like two years ago, and I'm really sad because we
Speaker 4: still use it to get cheape.
Speaker 2: Yeah, okay, So like I feel like this is a
Speaker 2: Beck No, it's not expired.
Speaker 3: Well, that's it.
Speaker 2: It's like a driver's license.
Speaker 3: Yeah, that's you might not have a car, but the
Speaker 3: licenses and the ID. He got an ID, but this
Speaker 3: is like a Beck broke tip. So I'm sorry for
Speaker 3: stealing your thumb. It's also probably borderline not okay to do,
Speaker 3: but I'm going to share it because I just saw
Speaker 3: it on TikTok and it was this guy and he
Speaker 3: had his student ID and he got nail polished remover
Speaker 3: and he like rubbed out the expiration on his ideas
Speaker 3: so he could still show it.
Speaker 2: But it didn't have an expiry on it.
Speaker 3: So I mean, if hypothetically that was in James's best interest,
Speaker 3: He's gonna be forever.
Speaker 2: Yes, we really could do that. I mean, is it
Speaker 2: worth five a month? Maybe? I don't know. We're in
Speaker 2: the cost of living crisis. Guys.
Speaker 4: Movie tickets are like thirty bucks a ticket, so if
Speaker 4: we can get them for half of that, I'm like.
Speaker 5: All for it under anywhere you go there's like there's
Speaker 5: adult and then there's concession, and then there's I don't know,
Speaker 5: senior or children all of us.
Speaker 3: So I'm like, the movies is so expensive too. Like,
Speaker 3: don't get me wrong, it's a luxury. It's not something
Speaker 3: that everyone has in their budgets. But like Steve and
Speaker 3: I wanted to go see was it June or something
Speaker 3: June movie? And Steve's obsessed with June, read all the books,
Speaker 3: and we're like, let's go.
Speaker 2: I was shocked at how expensive it was to go.
Speaker 3: Great, don't get me wrong, we didn't like do gold
Speaker 3: class or anything like that. We're just buying normal tickets.
Speaker 3: And I was like far out, like this is so expensive.
Speaker 3: I mean people in tickets and pop corners still like
Speaker 3: eighty bucks. Yeah, And I was like, do you think
Speaker 3: that maybe we could just wait until it comes out
Speaker 3: on Netflix? And the lookie gave me definitely said no.
Speaker 2: So we went.
Speaker 3: But I was just like, this is like a thing
Speaker 3: that we're going to have to think about if we
Speaker 3: want to keep going to the movies or do stuff
Speaker 3: like that. Like it wasn't a cheap date night, sure,
Speaker 3: And in my head when we're at UNI. The movies
Speaker 3: was a cheap dates.
Speaker 2: Cheap day night.
Speaker 5: I'm almost shaking at how perfect this is because my
Speaker 5: broake tap is very.
Speaker 3: Very she's baiting all right, just don't want to get
Speaker 3: to that.
Speaker 4: Please, Alex said, money Win. I had to expired one
Speaker 4: hundred dollars gift cards that expired last year. She asked
Speaker 4: the retail store if they could be honored so that
Speaker 4: they could still be utilized during the end of financial essales,
Speaker 4: and they said yes.
Speaker 2: You know why they said yes, yes.
Speaker 3: Because legally they have to exactly, so if anyone has
Speaker 3: any expired gift cards, they're not expired, my friends, they
Speaker 3: have to legally, yes, one of them.
Speaker 4: I don't know why they still put a like expiry
Speaker 4: date on them. They have to honor them no matter
Speaker 4: what that do.
Speaker 2: They still do that?
Speaker 5: I think they do, But I feel like at least
Speaker 5: one person out of like a thousand is going to
Speaker 5: be like, oh, it's expired, Like I'll just chuck it.
Speaker 3: Out, and they're just hoping that people just go, oh,
Speaker 3: it must be expired.
Speaker 2: Probably so shady. I hate that, Yeah, I hate that.
Speaker 3: But if you have any expired gift cards, definitely get them.
Speaker 3: You don't definitely go and redeem them or be really cheeky.
Speaker 3: One time, I had an expired gift card and I
Speaker 3: swapped it. I like went in and said, this is expired,
Speaker 3: and they were like, oh, we can honor it whatever.
Speaker 2: I had that conversation and then I.
Speaker 3: Got them to give me a brand new gift card
Speaker 3: and then I used it for a present someone else. Yeah,
Speaker 3: that's a good way.
Speaker 2: It's such a good idea because I hadn't used it.
Speaker 3: Well, I feel like at some point, if you haven't
Speaker 3: used the card or the present, like you don't deserve
Speaker 3: it anymore. A regift, yeah, but like a money regift. Yeah,
Speaker 3: I even know any cards. Yeah, I don't know why people,
Speaker 3: you know, there's that stigma like don't get people gift cards.
Speaker 3: Not like no, like I want a gift cards.
Speaker 2: But also, if.
Speaker 3: You're going to give gift cards, this is just my
Speaker 3: personal opinion, give the most option, Like don't just go
Speaker 3: and buy like a store gift card, go and buy
Speaker 3: them a Visa gift card. Yeah, true, Like I can
Speaker 3: use it for my groceries if I want. Yeah, great idea,
Speaker 3: because if you really wanted to be savvy, you'd use
Speaker 3: that gift card for your groceries, and then you'd transfer
Speaker 3: the money that you would have spent on your groceries
Speaker 3: to your savings.
Speaker 2: Oh wow, okay, we're just hacking mine.
Speaker 4: Just blue, like you can do that. Just want more
Speaker 4: money in from me for this week? From a Beck
Speaker 4: great name. Beck said, I just went to turn off
Speaker 4: recurring billing for my Microsoft payments so I can put
Speaker 4: it through under my shot back when when it ends.
Speaker 4: And they offered it two months of Microsoft for free.
Speaker 2: This is good. Yeah, this is a good feel Like
Speaker 2: that's something you've said before. It was like your yeah,
Speaker 2: the best memory. That's so sweet. That was your bro tip.
Speaker 2: You said, like, go and pretend to cancel and then
Speaker 2: they'll give it to you cheap.
Speaker 5: Yes, anywhere that's a gym, it's Adobe, they give to
Speaker 5: cheapot or they like take a few months on.
Speaker 3: Us for a little test.
Speaker 2: Yeah, so I always do that boys, pretend.
Speaker 3: I can do that financially, but don't do that in
Speaker 3: a relationship, Like I can't recommend testing the waters and
Speaker 3: being like oh leave, like that's just toxic. But if
Speaker 3: the relationship is with your gym, absolutely.
Speaker 5: Yes, absolutely give it a go. Okay, so do you
Speaker 5: feel do you feel ready.
Speaker 3: For I'm so ready for your broke So they are
Speaker 3: a little bit different because I didn't actually I was
Speaker 3: a bit lazy this week, and I didn't source anything
Speaker 3: from the community, but I had I have like three
Speaker 3: from just me, which is very solvy.
Speaker 2: Okay, Okay, she's gone row.
Speaker 3: There were a couple of months there where you're like, guys,
Speaker 3: Like off air, you'd be like, guys, I don't know
Speaker 3: what my broke tip's going to be, And now you're
Speaker 3: just rolling back in with I'm not going to look
Speaker 3: at the community this week. I'm in give you three
Speaker 3: tips of my own. It's not even like stockpiling them
Speaker 3: for coming weeks.
Speaker 5: I know that's really silly to sc I love it.
Speaker 5: I'm not not great with money. I'm not great with
Speaker 5: like figure out how to properly organize my broke tips.
Speaker 3: But we're doing them in ascending or descending order, Like
Speaker 3: is it the best one first or the worst?
Speaker 2: I think we'll do describe best.
Speaker 5: I think the best one is first, but then you
Speaker 5: might find more joy in the last one.
Speaker 2: Okay, all right, all right, what are they? Let's go? Okay.
Speaker 5: Also, I want to say the middle one is just
Speaker 5: like a silly one that no one will ever listen to.
Speaker 5: But anyway, so the first one similar to what you
Speaker 5: guys were saying before. Cinemas are very expensive, and I
Speaker 5: did talk about how I turned my house into a
Speaker 5: pub a few years ago. Anyway, as you know, i'm dating,
Speaker 5: I have a girlfriend. Have you seen the post that
Speaker 5: they're putting on Instagram? If you don't fellow back on
Speaker 5: instagramming you, I'm missing out because they are really cute.
Speaker 2: That's scy think you.
Speaker 5: Anyway, I went to figure up the other night and
Speaker 5: I was like, it's just going to be like a
Speaker 5: chill night, Like we'll just like have like frozen pizza.
Speaker 5: Pizzas were on specials, like five dollars a pizza.
Speaker 2: Yeah, I love those so good.
Speaker 5: And when they're on sale out of ten totally. So
Speaker 5: I feel like I spent maybe ten dollars on dinner.
Speaker 5: And then what I did was the night before I
Speaker 5: went to km out and just got like a bunch
Speaker 5: of colored paper. I mean, I'm not a big fan
Speaker 5: of like the amount of waste that I probably used.
Speaker 5: I didn't have to, So you can do this a lot.
Speaker 5: You don't have to disclaim it.
Speaker 3: In fact, I think Jess and I we're both just
Speaker 3: really envious that you have a partner that wants to
Speaker 3: do creative dates. I think both of us are sitting
Speaker 3: here being like, damn, we should have been lesbians, because
Speaker 3: I personally have a partner that if I said I
Speaker 3: went and got some craft paper, he'd be like, you
Speaker 3: can put that straight in the bin.
Speaker 5: Well, actually, no, to be fair, my partner would also
Speaker 5: say the same thing. So this was I was doing
Speaker 5: this before she arrived. So I like I put like
Speaker 5: signs on the walls. One that was like Cinema eight
Speaker 5: on my door, and then like a little please put
Speaker 5: your phone on silent, like with a little and then
Speaker 5: like on all the walls was like coming soon. And
Speaker 5: then I just like photoshopped our face onto like a
Speaker 5: grease poster. And on the TV it was like these
Speaker 5: fake everything was out of paper and these fake like
Speaker 5: you know, these big curtains that they have at the
Speaker 5: cinema and little like silhouettes on TV. And then there
Speaker 5: it was like a candy bar. And so in total, honestly,
Speaker 5: I'm gonna say that this thing costs me maybe fifty
Speaker 5: sixty dollars, but that's because I also bought snacks.
Speaker 4: That's still cheaper than most date night, less than we
Speaker 4: looing to the actual cinema.
Speaker 2: Exactly, and it we're just really cute night.
Speaker 5: It was just a really sweet, like it's so nice
Speaker 5: being your own home when you like reframe your house
Speaker 5: because you're like, I don't want to be in, I
Speaker 5: don't want to stay in for the night, But like
Speaker 5: if you pretend that it's something else, then all of
Speaker 5: a sudden, you're like, wow, it is really nice actually
Speaker 5: watching a movie from home.
Speaker 2: I can like wear no pants if I want to.
Speaker 2: I can't eat.
Speaker 3: You can't do that at the cinema legally, yeah, you
Speaker 3: can pause it and have a chat and like you
Speaker 3: can't do you can be on your phone if you
Speaker 3: want to, which is also I spent more than that
Speaker 3: going and seeing June. Don't get me wrong, I know
Speaker 3: June has a cult following, but I fell asleep pathway
Speaker 3: through it, so I didn't even get the whole value
Speaker 3: of spending that amount.
Speaker 5: And you don't have any snack you've ever dreamed of
Speaker 5: at your fingertips for free.
Speaker 2: No, you're not even allowed to take any snack you
Speaker 2: want to.
Speaker 5: The cinema, don't you exactly ends up being quite an
Speaker 5: expensive thing.
Speaker 2: And if you want to and you get a.
Speaker 5: Five dollar bottle of red a seventy five cent bottle
Speaker 5: of soda water, like if we could have got our
Speaker 5: Audi Le mule.
Speaker 2: Oh, I beg yours, I beg yours.
Speaker 3: I think it is common knowledge that my favorite one
Speaker 3: is the rose from Audi called Lemielee.
Speaker 2: I'm sorry I didn't do. I'm gonna buy you a bottle.
Speaker 2: I'm gonna buy you a bottle and bring it. I
Speaker 2: shouldn't say what I heard, but I remember that love
Speaker 2: always fills me with joy. When Jess loses, you know,
Speaker 2: it's going to be a good podcast. Oh yeah, from
Speaker 2: a hero out. It's going to be a great show.
Speaker 3: Sorry if you's listened this far already and it was
Speaker 3: just average.
Speaker 2: Yeah was up until now. So that's my first broke tip.
Speaker 2: I love that into something really, I love that so much. Jess.
Speaker 2: I feel like that is a really good example of
Speaker 2: if she wanted to, she would completely completely.
Speaker 4: My boyfriend would rather just pay ten bucks for a
Speaker 4: single coke and call it same.
Speaker 3: And I feel like, please don't get me wrong, I
Speaker 3: have a beautiful partner I am not mad about any
Speaker 3: of any of it. I do feel like sometimes I
Speaker 3: hear beck stories and I'm like jealous.
Speaker 2: We have a word to your partners.
Speaker 3: You can be he's not going to listen. We'll send
Speaker 3: them this clip, send the click and send it. I'll
Speaker 3: be like Steve, the expectation has been set here, you're
Speaker 3: about here bes here well, But I'm a bit extra.
Speaker 5: I feel like if last your partners are probably showing
Speaker 5: love in their own wonderful way languages.
Speaker 2: You're right, exactly.
Speaker 5: You don't have to be that extra, but it is
Speaker 5: money saver at the end of the Day's tip too.
Speaker 2: Number two.
Speaker 5: I feel like I always talk about this now that
Speaker 5: I'm working again for this company. I am fully on
Speaker 5: their Instagram, I saw the other day they posted what's
Speaker 5: your go to I'm broke meal? And I thought that
Speaker 5: was a really great thing to just quickly skim through.
Speaker 5: So we should put that as a thread in our
Speaker 5: face book group. Yeah, yeah, we'll do that today.
Speaker 3: So as of Friday, there'll be a credit in our
Speaker 3: Facebook group of like, what's your go to I'm broke meal? Yea,
Speaker 3: I feel like that's a good thing to share.
Speaker 2: Yeah, it really is.
Speaker 5: Because if you're running out out of ideas and you
Speaker 5: actually have no money, then it's really great to just
Speaker 5: like hunt whatever else is doing.
Speaker 2: Sonte pizzas on tail, Yeah.
Speaker 5: Yeah, oh yeah, that's like such great value. So a
Speaker 5: lot of people mentioned tim spaghetti and cheese like as
Speaker 5: a toasty which a little jafful moment, a little jaffelel,
Speaker 5: and that like that really wouldn't be more than a
Speaker 5: few dollars.
Speaker 2: I think that's a great idea.
Speaker 3: Has to be wonder white bread though, like I know
Speaker 3: other bougie bread options exist, but if you are making
Speaker 3: a jaffle, yes, I'm pretty sure legally it has to
Speaker 3: be white wonder white bread.
Speaker 2: It does it doesn't know, that's correct, it's created absolutely.
Speaker 5: We've got micro popcorn, which is what we did in
Speaker 5: the Fake Cinema, which is obviously if you're going maybe
Speaker 5: for you're going to the cinema's you micraabe your own.
Speaker 5: You just chuck it under your jacket, you walk straight in.
Speaker 5: It's like what is like a dollar.
Speaker 3: You've got to have the conviction though, and like I
Speaker 3: would get to the front thing and be smuggling it
Speaker 3: and be like, by the way, I'm smuggling like I
Speaker 3: just shaking.
Speaker 2: You just can't hold it anymore. I can't. I'd be like,
Speaker 2: are you gonna wear arrest me?
Speaker 4: Like the seventeen year old working at the cinema wouldn't
Speaker 4: give a shit.
Speaker 2: Yeah, their phone's not looking anyway.
Speaker 4: I'm paid fourteen dollars an hour. I'd do what you
Speaker 4: want to pay exact system.
Speaker 5: But you do get those random ones that are like
Speaker 5: weirdly really a trip.
Speaker 2: They're on the power trip.
Speaker 5: They're like on the trip exactly. You gotta look at
Speaker 5: for those ones. Another person said breakfast dinner, which is
Speaker 5: like toastal cereal. It's like a great idea migering of course.
Speaker 5: And yesterday so I went to Coal's and I obviously,
Speaker 5: as as I always do, I am broke and went
Speaker 5: and I was like, what can I get? Two meals
Speaker 5: for four dollars is all I had? And I got
Speaker 5: a little pack of those I have said this, four
Speaker 5: the sardines is ninety cents each. Two of those and
Speaker 5: then a little thing of two microwavable rice.
Speaker 2: That's it.
Speaker 5: And that's that did me for two holidays. I want
Speaker 5: you to know I also had bread in the office kidchen. Okay, yeah,
Speaker 5: but So that's I think if you want to like
Speaker 5: jump on that thread and the one that we're going
Speaker 5: to put up as well. But I think this was
Speaker 5: like kiss one on one one or something. If you
Speaker 5: follow on Instagram, just have a little browse through and
Speaker 5: see what you know, See what.
Speaker 2: That's a good tip.
Speaker 3: I know you said that we were going to be
Speaker 3: disappointed and no one would do it, but like now
Speaker 3: we've got a whole Facebook thread coming for the community
Speaker 3: because of that tip.
Speaker 2: You're a genius. And now yesterday, as you guys know,
Speaker 2: I've got a job. I'm now working for Gold So
Speaker 2: an employed woman, employed.
Speaker 5: Woman, I read an article about free and fund activities
Speaker 5: to do in Melbourne this school holidays.
Speaker 2: Do you want me to give you as the link
Speaker 2: is that? Oh yeah, we'll chuck it in the show notes.
Speaker 3: Okay, cool, because they don't read it out because that
Speaker 3: would be way too complicated.
Speaker 2: But we will put the link in the show notes.
Speaker 5: I guess I'll just like I'll read some really really
Speaker 5: quick ones. So there's the chocolate Factory diorama at North
Speaker 5: Melbourne Library, completely free lego Chocolate Factory diorama at Library.
Speaker 5: At the dock, you can like create your own creations.
Speaker 5: It's all free. It's all free to do this school holiday.
Speaker 2: When you say.
Speaker 3: School holiday, it's just there like age limits on this.
Speaker 2: This is the thing.
Speaker 5: I was reading these and I was like, oh, yeah,
Speaker 5: your ess and my jests will all go together. It
Speaker 5: can be a group date that would be really cute.
Speaker 3: But like not a group date, but like a group date.
Speaker 3: Jess and I will do the things together that our
Speaker 3: partners won't do.
Speaker 2: That's what girl.
Speaker 5: Friendships are four exactly exactly. We've also got Walker's Wacky
Speaker 5: Workshop where you can create in craft orin sweet treats.
Speaker 3: It sounds delicious. I love a nerds gummy cluster and
Speaker 3: I think they're Wonka.
Speaker 2: So the girls in the.
Speaker 3: Girls this week they had nerds clusters and I hadn't
Speaker 3: ever had one. It was a textural experience. I thought
Speaker 3: it would just be a whole heap of nerds stuck together.
Speaker 3: But it threw me back to like, do you remember
Speaker 3: in high school? Maybe they still have them, the nerds ropes.
Speaker 3: It was like it was like, yeah, it was like
Speaker 3: gummy in the middle with nerds stuck.
Speaker 2: It was an experience really good, not for me personally,
Speaker 2: but why I wasn't that sold. That's why I was like,
Speaker 2: it was an experience, really really nice. It's a sensory experience.
Speaker 5: Last one is this really cool science thing which is
Speaker 5: like a south Bank library at Void. It's George's marvelous
Speaker 5: medicine mix up where you like make your own color
Speaker 5: changing medicine thing.
Speaker 3: Anyway, so you make medicine, you're gonna have to give
Speaker 3: us more like. It's not just a drug class for kids.
Speaker 3: It's actually no, it's more of like a science.
Speaker 5: It's like a science experiment. So it's also for adults.
Speaker 5: You can just go on your own. I feel like
Speaker 5: I actually will I have.
Speaker 3: A baby now, which I think gives us all of
Speaker 3: the rights to be like Harvey.
Speaker 2: He might be four months old, but he wants to
Speaker 2: go to the zoo.
Speaker 3: Yeah, all the fun activities. Jess and I we're going
Speaker 3: to be in Oh, we'll have to take the baby
Speaker 3: to that.
Speaker 2: Real hard all your life is just like your world
Speaker 2: has opened up. I know what is your oyster?
Speaker 3: Now?
Speaker 2: Thank you? Thank you.
Speaker 3: All right, let's go to a really quick break on
Speaker 3: the flip side. We're going to be talking about buying
Speaker 3: property from an inheritance while in a relationship, and we're
Speaker 3: going to unpack something that you slid into our DMS about.
Speaker 3: We're chatting this week about covering costs when travel with
Speaker 3: friends changes, so guys don't go anywhere. Welcome back, everybody.
Speaker 3: Let's take a listen to this week's money dilemma. Hi. There,
Speaker 3: have you got a money dilemma you just can't solve?
Speaker 3: The Sheese on the Money team is here to help.
Speaker 3: Every week, we tackle your dilemmas, both big and small,
Speaker 3: to answer your most burning money, career.
Speaker 2: And life questions.
Speaker 3: To get involved, simply head to our website and leave
Speaker 3: us a short voice recording and you might just find
Speaker 3: yourself on the show. Now, let's take a listen to
Speaker 3: this week's money dilemma.
Speaker 6: Hey, guys, I recently come into quite a large amount
Speaker 6: of inheritance and I'm looking into buying my first home
Speaker 6: with this. It's such a bit of sweat time and
Speaker 6: I'm so grateful for this life changing opportunity and i
Speaker 6: want to ensure I honor it. I've been with my
Speaker 6: partner for just over four years and we have all
Speaker 6: the intentions to continue. While we share our bills fifty
Speaker 6: to fifty, we don't share finances or own major assets together,
Speaker 6: and we don't intend to have kids or get married.
Speaker 6: My partner hasn't got enough savings yet to put down
Speaker 6: a deposit. I'm a little unsure about how to go
Speaker 6: about buying a house and sharing with them. My options
Speaker 6: would be to buy the house independently and have my
Speaker 6: partner pay rent, or maybe have them share a very
Speaker 6: small portion of the deposit. Both feel like there is
Speaker 6: some gray area. We are currently in the sharehouse and
Speaker 6: dying to have our own space. I want to help
Speaker 6: us both, but I do know of horror stories where
Speaker 6: someone is able to get half a house they haven't
Speaker 6: paid for. I'm wondering what your thoughts are on this?
Speaker 6: Thank you?
Speaker 2: What are you guys for reckon?
Speaker 5: I didn't even think about the last bit where like you,
Speaker 5: if you're like parted de facto, maybe you can get
Speaker 5: path of a property or like the money from that property.
Speaker 5: Because initially I was like, oh, yeah, just buy it
Speaker 5: yourself and then it's yours, it's yours. But I did
Speaker 5: not think about that. Is that like how much of
Speaker 5: a concern is that? Is that a real thing?
Speaker 4: Like if you just so like technically speaking from what
Speaker 4: I understand, you like, But I mean it happens when
Speaker 4: you just live with someone, Like technically, my partner and
Speaker 4: I have lived together long enough that like we qualify
Speaker 4: for like a share, like we could go after each
Speaker 4: other's like super one, all of those sorts of things.
Speaker 3: So in Australia, a de facto of relationship is when
Speaker 3: two people are not married but live together or have
Speaker 3: lived together as a couple on a genuine domestic basis,
Speaker 3: and a family law court can make decisions if there's
Speaker 3: no agreement. So essentially, even if you were like not
Speaker 3: boyfriend and girlfriend because you hadn't put a label on
Speaker 3: it and then they moved in like after two years,
Speaker 3: you are actually de facto when it comes to the
Speaker 3: eyes of the law. So you actually do have to
Speaker 3: be quite careful about that because your assets do get
Speaker 3: mixed up into that, And I mean there are conversations
Speaker 3: to be had about what assets you owned pre relationship
Speaker 3: and then what assets you acquired during the relationship and
Speaker 3: whether they come into play. But as a basis, what
Speaker 3: happens is and I mean the courts are going to
Speaker 3: look at things differently if it goes that far, but yes,
Speaker 3: they are able to go for your stuff, I guess
Speaker 3: is the really short story. This is going to change
Speaker 3: depending on what state or territory you live in, or
Speaker 3: even what country you live in. I know that in Australia,
Speaker 3: Jess you mentioned like, oh, we could go for each
Speaker 3: other super, and that's absolutely correct because Jess lives in Victoria,
Speaker 3: whereas if you lived in Western Australia, that's not the case.
Speaker 3: So in Western Australia that's the only state that you
Speaker 3: can't go for your partner super, which, to be honest,
Speaker 3: I don't like because I feel like that significantly impacts
Speaker 3: women more than impacts men. And if you think about
Speaker 3: it a little bit deeper, a man might have been
Speaker 3: able to be in the workforce for their entire career
Speaker 3: and how to stay at home mum for their entire career,
Speaker 3: and then they decide to get a divorce once the
Speaker 3: kids have grown up because they stayed together for kids,
Speaker 3: for their whole relationship, and now the mum is significantly
Speaker 3: worse off because she has no retirement savings and she
Speaker 3: can't actually access any of that, even though you and
Speaker 3: I would probably agree that, yeah, she probably should be
Speaker 3: able to access some of his super. So there's a
Speaker 3: deeper conversation about that to be had, and I know
Speaker 3: that there is a lot of conversation about that changing,
Speaker 3: which is really positive. But ultimately, these laws exist to
Speaker 3: protect both parties in a relationship, because if you acquire
Speaker 3: something in a relationship, Beck, when you and I are
Speaker 3: all happy and hunky dory, there's an assumption that it
Speaker 3: was both of our relationship and our you know, supporting
Speaker 3: each other that got us to that. Whereas an inheritance
Speaker 3: that's a different story. And you and I might might
Speaker 3: live together because like, cost of living is really high,
Speaker 3: and at the end of the day, I do feel
Speaker 3: like lots of people they just move in together because
Speaker 3: it's honestly convenient.
Speaker 2: Like, Beck, life's expensive.
Speaker 3: You're staying at my house five nights a week, anyway,
Speaker 3: why don't you just move in? Like it wasn't that
Speaker 3: serious of a relationship, but like, let's just do this
Speaker 3: for now.
Speaker 2: If we break up, you just move out right really easy.
Speaker 3: But what if you got an inheritance, I'm then legally
Speaker 3: able to be like, oh, well, we broke up, but
Speaker 3: like you got that during our relationship, I can have
Speaker 3: half of that. Yeah, I feel like it gives me
Speaker 3: the like A good thing to bring up is that, like,
Speaker 3: regardless of whether you buy a house or whether you
Speaker 3: use the cash for some other asset, theoretically they may
Speaker 3: be entitled to that regardless of what you do with it.
Speaker 3: So like putting it in a house or not putting
Speaker 3: it in a house, isn't the difference between.
Speaker 2: Yeah, it's not and not protecting it.
Speaker 3: Yeah, Like the cash is up for grabs, and it's
Speaker 3: not necessarily immediately up for grabs. And this is where
Speaker 3: you need to get a financial advisor or an accountant
Speaker 3: involved to discuss this because often what happens, and this
Speaker 3: is probably going on a little bit of an inheritance tangent,
Speaker 3: and we'll put in the show notes a couple of
Speaker 3: links to episodes where I've spoken in more depth about inheritance. However,
Speaker 3: when an inheritance gets transferred, right, let's say I passed
Speaker 3: away yesterday and I've put Beck in my will, what
Speaker 3: often happens is I might have establish to trust, which
Speaker 3: will then become a testamentary trust because it's testamentary because
Speaker 3: I've passed away, And that's the only way a testamentary
Speaker 3: trust can be established. That money sitting in that trust.
Speaker 3: If it's in the trust is protected until you take
Speaker 3: it out of the trust. So often people go, I
Speaker 3: don't need the trust. I'm just get rid of that
Speaker 3: right now, because you know I'm going to have to
Speaker 3: do a tax return for that trust.
Speaker 2: And that's money that I don't really want to be spending.
Speaker 2: That's expensive.
Speaker 3: But what you're forgetting is the protection that trust is
Speaker 3: currently affording you because if it was inherited to you.
Speaker 3: And don't get me wrong, this isn't legal advice. This
Speaker 3: is just how I've seen it happen with previous clients.
Speaker 3: If it's in the testamentary trust still and you haven't
Speaker 3: dissolved that structure, you are going to be in a
Speaker 3: position where it's protected from your partner the second you
Speaker 3: pull it out and put it in your own bank account.
Speaker 3: Even if you don't want to make a decision on
Speaker 3: it right now, it's now an asset that they have
Speaker 3: access to. So we need to make sure that if
Speaker 3: it's been left that way, it's there. But then you
Speaker 3: also need to be talking about, all right, well how
Speaker 3: do I protect this. Let's say it just got transferred
Speaker 3: directly to your bank account. Talk to your accountant about
Speaker 3: setting up a trust to begin with that. Maybe you
Speaker 3: put that in talk to your accountant about maybe working
Speaker 3: with them or working with a legal advisor to set
Speaker 3: up a binding financial agreement that outlines, Okay, I got this,
Speaker 3: and if we break up, I don't want you to
Speaker 3: be able to take it. Any sane, reasonable human being
Speaker 3: would be like, yeah, of course, Beck, that's you know,
Speaker 3: money from a family member or a loved one that's
Speaker 3: really important to you and I actually have no claim
Speaker 3: over that.
Speaker 2: To me, it's a red flag if they were.
Speaker 3: Going, oh, but like if I broke up with you, like,
Speaker 3: what do you mean, I got nothing? I'm sorry, Sorry, sir,
Speaker 3: Absolutely not so I think it's important to have those conversations.
Speaker 3: But then also even if you're like, oh, but I'm
Speaker 3: in love with Beck, which I am, just would mean
Speaker 3: of course I get it, but we're never going to
Speaker 3: break up. This money is for us to create our
Speaker 3: future and build our future. The best time to be
Speaker 3: talking about what would happen if our relationship dissolved is
Speaker 3: when we're in the best possible position, right like, right now,
Speaker 3: nobody's cheated right now, there's no animosity in our relationship.
Speaker 3: I want to sit down with you and have a
Speaker 3: chat about the best possible outcome, and usually protecting an
Speaker 3: inheritance is really smart. So let's say that you purchased
Speaker 3: a property with some inheritance and you use that inheritance
Speaker 3: as your deposit. Beck, Let's pretend for a second that
Speaker 3: the inheritance is from me, like it's come through me.
Speaker 3: We're in a relationship. You didn't have a house deposit.
Speaker 3: All of a sudden, I've got this inheritance. We have
Speaker 3: a house deposit, but you're going to pay fifty percent
Speaker 3: of the mortgage. So maybe we put together a binding
Speaker 3: financial agreement that if things don't work out between us,
Speaker 3: I can pull out my inheritance and put it back
Speaker 3: in my bank account from the profits of the sale
Speaker 3: of that property, and then we split things fifty to
Speaker 3: fifty after that. Yeh, So I think there's a conversation.
Speaker 3: It doesn't automatically mean that you get my stuff. You're
Speaker 3: obviously benefiting from it because we're getting into the property
Speaker 3: market together. However, I think they need to be a
Speaker 3: deeper conversation around well, actually, if this doesn't work out
Speaker 3: between your eye, like, I want to walk away with
Speaker 3: what I put in, And the same is true for
Speaker 3: anything like you know, Jess, for example, is talking about
Speaker 3: purchasing property. She's been very open on our podcast about that,
Speaker 3: and she's doing it on her own. I have been
Speaker 3: in the background being like, Jesse, if you don't have
Speaker 3: a binding financial agreement, I'm coming for you, Like you
Speaker 3: want my help, this is what you're gonna do. Not
Speaker 3: because I don't love her partner. I think her partner's great.
Speaker 3: I don't think they're going to break up. I think
Speaker 3: that they're in a really solid relationship. But Jess is
Speaker 3: the one putting forward a deposit and he's going to
Speaker 3: move into the hat. Like there's a lot of things
Speaker 3: that I go, we as women need to be protecting
Speaker 3: ourselves and making sure we're in the best possible position,
Speaker 3: even if the relationship we're in is one hundred percent
Speaker 3: sound yeah, Like these are things we need to be
Speaker 3: considering because I don't think anyone gets married because they
Speaker 3: go like it's all good, let's beend like what one
Speaker 3: hundred grand on a wedding or something for us to
Speaker 3: get a divorce later. Like, no one gets married if
Speaker 3: they think they're going to get divorced. No one goes
Speaker 3: into a relationship and says Jeff, let's move in together.
Speaker 2: I love you so.
Speaker 3: Much to have to go through the pain of breaking
Speaker 3: up and moving out and being like, are these your
Speaker 3: pots or my pots?
Speaker 2: Who gets the microwave?
Speaker 3: No one wants that, right, Like, you don't get into
Speaker 3: a relationship because you know it's going to end. So
Speaker 3: I think we always get into things with the best intentions,
Speaker 3: and as humans, we are internally very optimistic about relationships.
Speaker 3: But I think that we need to protect ourselves no
Speaker 3: matter how much we love someone. And that can feel
Speaker 3: negative because you're like, I don't want to bring up
Speaker 3: what's going to happen with my partner if we.
Speaker 2: Break up, but you have to. They're the rules I
Speaker 2: made them, so.
Speaker 3: I feel like I've got nothing else to add.
Speaker 2: I think that's very, very thorough and well sigh again.
Speaker 3: If you want more information on inheritance, we have done
Speaker 3: a couple of podcasts on them, and we'll make sure
Speaker 3: that the links to those podcasts are in the show
Speaker 3: notes this week, because I think it's an important topic. Like,
Speaker 3: at the end of the day, it could be five
Speaker 3: hundred dollars, it could be five hundred million dollars, but
Speaker 3: that money needs to be treated with respect, and I
Speaker 3: think that often we get analysis paralysis around these things.
Speaker 3: And I've said it before, we often also carry a
Speaker 3: lot of guilt when we have an inheritance about you know,
Speaker 3: honoring it and doing the right thing with it. And
Speaker 3: you know, I think that's a really big topic that
Speaker 3: if you know you're in that position, please do some
Speaker 3: more research.
Speaker 2: Yeah, completely agree, let's soul we should we Yeah, one
Speaker 2: time of the week, Beck, you are right.
Speaker 3: I think it is time to slide on into something juicy.
Speaker 3: Are you ready for this week's money dilemma?
Speaker 2: Yes? All right, let's go.
Speaker 3: So here's the DM that we received, Hey, team, question
Speaker 3: for you travel related and then the like little aeroplane emoji.
Speaker 3: I'm going away to Bali with a friend and all
Speaker 3: has been locked in for a while. Now we are
Speaker 3: spending two weeks together before going our separate ways.
Speaker 2: To do further travel. Very nice, all right.
Speaker 3: She has had a last minute change to itinerary, which
Speaker 3: now means she'll leave me two nights earlier than we
Speaker 3: had planned. For this accommodation, we were paying two hundred
Speaker 3: dollars a night each, so a total of four hundred dollars.
Speaker 3: We were splashing a little bit because this was our
Speaker 3: final destination. Now she's leaving, she said that she won't
Speaker 3: be paying her half of the room we have already booked.
Speaker 3: I can't afford it on my own, so I'll have
Speaker 3: to change accommodation, which is really annoying for me. But
Speaker 3: on top of this, as it's such a last minute change,
Speaker 3: I'm talking this is next week. Other accommodation is looking
Speaker 3: at being about three hundred dollars a night on my own.
Speaker 3: She isn't willing to put anything in, but I think
Speaker 3: she should. What do you think and what do you
Speaker 3: think I should do? Oh, you gotta pay for it.
Speaker 2: Exactly before it is crazy.
Speaker 5: Yeah, like you can cancel it, like as she's saying,
Speaker 5: like everything else is really expensive and also leaving a
Speaker 5: week out, you kind of like staff for options. But
Speaker 5: when I was in Japan, I kind of told my friends,
Speaker 5: like I don't know that I'll make it to the
Speaker 5: last leg, but everything I'd already been booked, so obviously
Speaker 5: I'm going to pay for it. Like there is the
Speaker 5: it's not even a question like that's so I agree,
Speaker 5: you just you obviously got to pay for it. Otherwise,
Speaker 5: like this listener's whole plan would have been different. I'm
Speaker 5: sure they would have maybe like gone somewhere else and
Speaker 5: just like left later or whatever. You just you must,
Speaker 5: there's no question about. It's black and white.
Speaker 2: You must. But how do you deal with that? Now,
Speaker 2: that's that's a tricky thing.
Speaker 3: Well, I feel like shooting them in the foot as well,
Speaker 3: because it's like, all right, well, if you're not going
Speaker 3: to be there for the last two days, we are
Speaker 3: planning and going our separate ways. But even if she
Speaker 3: wanted to fly home early and go, all right, well,
Speaker 3: I can't afford that accommodation, Like I'm just going to
Speaker 3: go home a little bit earlier.
Speaker 2: She's probably gonna.
Speaker 3: Have to pay fees to change her flights, like yeah,
Speaker 3: and fee changes on flights are expensive, so it'll probably
Speaker 3: cost her four hundred bucks to do that anyway, So
Speaker 3: I just feel like that's not fair. Like I can
Speaker 3: see that her friends like, oh, plans have changed, but
Speaker 3: also you agreed to that, Like you can't just back
Speaker 3: out and be like, oh, by the way, you're in
Speaker 3: a foreign country and now you're going to have to
Speaker 3: change accommodation. I don't know about her, but I also
Speaker 3: at four hundred dollars a night in Bali. That's expensive
Speaker 3: to me. I don't know if that's just you guys,
Speaker 3: Like I don't know what your previous budget for accommodation was,
Speaker 3: Like you know, you could spend thirty dollars a night
Speaker 3: in Bali and get something, and you could also spend
Speaker 3: a thousand dollars a night, So who knows. But I'm
Speaker 3: the type of person that likes to feel really safe
Speaker 3: and secure when I'm traveling, especially in foreign countries, So
Speaker 3: I wouldn't have been okay with like a thirty dollars
Speaker 3: a night option. So like maybe that four hundred dollars
Speaker 3: was being spent because it was like, you know, the safe, secure,
Speaker 3: and now you're going to leave your friend hyen dry
Speaker 3: to go and find more accommodation and spend beyond her
Speaker 3: means to have that same level of safety. Like I
Speaker 3: don't know, I don't feel okay about that. No, I'd
Speaker 3: be curious to know why she changed, Like did an
Speaker 3: emergency come up and she's got to get home early
Speaker 3: because someone's done well?
Speaker 4: Is she just deciding that she wants to go to
Speaker 4: a different country because it's close by, Like I think
Speaker 4: that that definitely plays into it, and it sounds like
Speaker 4: maybe she hasn't thought about it, because if they can
Speaker 4: change their accommodation, I'm assuming that maybe it's one of
Speaker 4: those maybe you pay a small deposit upfront and you
Speaker 4: pay the balance when you get there, and so maybe
Speaker 4: the friend has just gone, oh, well, we haven't paid
Speaker 4: for it yet, right, so like it's not like you're
Speaker 4: out there. Maybe it hasn't computed in her brain, yeah decision,
Speaker 4: and maybe she just kind of went, oh, like, it'll
Speaker 4: be easy, Like you can just find something by yourself,
Speaker 4: like we've done all of the rest of the trip cheaper.
Speaker 4: You know, you'll be fine, so like, which I think
Speaker 4: is very selfish, don't get me wrong. But maybe the
Speaker 4: way that our listener can approach it is to kind
Speaker 4: of highlight these things and say, hey, like I've looked,
Speaker 4: there are no other options. It's going to be so
Speaker 4: expensive that I can't afford it, Like you're really kind
Speaker 4: of screwing me over effectively by doing this, and we
Speaker 4: had agreed and it's so soon that there's not much
Speaker 4: that I can do. I feel like that's how I
Speaker 4: would kind of approach bringing it up, because I agree,
Speaker 4: like I think it's very unfair to do that to somebody.
Speaker 4: And if you had to change plans, if it was me,
Speaker 4: I would say, oh, well, I'll still pay my half.
Speaker 4: It is but maybe you know, to play devil's advocate.
Speaker 3: Maybe the friend has just not realized the impact.
Speaker 4: Has gone, Oh well, if we haven't paid for the accommodation,
Speaker 4: it's fine, Like it's not like you're out of pocket.
Speaker 2: Not really think.
Speaker 3: It's the week before that's yeah. And I can tell
Speaker 3: that they've already had this conversation as well, because she
Speaker 3: said she isn't willing to put anything in, but I
Speaker 3: think she should, because that's telling me that you've already
Speaker 3: had the conversation. And she said, well, I'm not willing
Speaker 3: to do that, Like what are you talking about? So
Speaker 3: this is like a secondary conversation. So to me, that's
Speaker 3: even harder. It's not like, oh, I think she should
Speaker 3: put something in. How do I approach it? Like this
Speaker 3: is the second these said no, How do I go
Speaker 3: back to her and say, well, actually, I really think
Speaker 3: you should be doing this.
Speaker 2: I don't know. It's an awkward conversation to have as.
Speaker 3: Well, Like, but also, what do you do?
Speaker 4: She just said if she sticks with guns and says no,
Speaker 4: like you can't shake her down.
Speaker 3: Like it's kind of the potentialist of the trip to Ruin. Yeah,
Speaker 3: the experience while traveling, which is a little bit of
Speaker 3: a concern.
Speaker 2: Yeah, I don't like that at all.
Speaker 3: I feel like she definitely should be paying for her
Speaker 3: part because that was what was agreed to when you
Speaker 3: booked the trip, when you booked flights and accommodation. It's not, oh,
Speaker 3: my friend's decided that her budget is different. Like, I've
Speaker 3: just gotten back from a holiday, as you guys know,
Speaker 3: and for part of that holiday, my best friend Rose,
Speaker 3: she joined us. But it was a conversation that we had.
Speaker 3: I said, okay, like how much are we budgeting per
Speaker 3: head for this trip before we even booked the accommodation,
Speaker 3: and she was like, oh, I want to spend about
Speaker 3: this much, you know, per head, And I said, great,
Speaker 3: no worries. And then you know, obviously I've got me
Speaker 3: and Steve and Harvey, like we were working it all out.
Speaker 3: We stayed in an apartment together, but we'd had that
Speaker 3: solid conversation. If she'd backed out, let's be honest, like
Speaker 3: she wouldn't. That's not very her. But like I have
Speaker 3: no doubt she'd be like, well, we agreed to a
Speaker 3: certain amount and then you went and booked this like
Speaker 3: particular apartment because it accommodated all of us. Like, I
Speaker 3: feel like she would be like, I can't come that,
Speaker 3: I'm going to pay for my part.
Speaker 2: Yeah, that's just how that would work. So I just
Speaker 2: look at it and go.
Speaker 3: I'd be pretty miffed too if someone backed out and
Speaker 3: I was up for more money for something that could
Speaker 3: have been different from the beginning. Yeah, totally. What did
Speaker 3: everybody else say? So we went to the community as always,
Speaker 3: because we want to know what you think about this,
Speaker 3: Like we've got to get the tea. So we said,
Speaker 3: have you traveled with a friend before and run into
Speaker 3: disagreements about money? Forty three percent of you said yep,
Speaker 3: I swear it happens every time, And fifty seven percent
Speaker 3: of you said nope, I've had no issues.
Speaker 2: So it's beIN us, sat.
Speaker 3: Fifty seven percent of people, could you, ah, just give
Speaker 3: us your tips and tricks for not having that happen,
Speaker 3: because I've traveled with friends before and there's always conversations
Speaker 3: about money.
Speaker 2: Yeah, there's always like a oh.
Speaker 3: We want to go and do XYZ and someone's like, no,
Speaker 3: the tickets are too expensive.
Speaker 2: I don't want to do that.
Speaker 3: I want to do this, and then you go, well,
Speaker 3: I'm not willing to spend that on this, like it
Speaker 3: happens every time. We also asked do you think the
Speaker 3: friend who is leaving should still contribute money towards the
Speaker 3: accommodation In a surprise to not anybody sitting at this table,
Speaker 3: eighty six percent of you said yep, it's unfair to
Speaker 3: pull out so last minute. But fourteen percent of you
Speaker 3: said nope, they aren't staying there at all, so they
Speaker 3: shouldn't pay.
Speaker 2: Well, fourteen percent.
Speaker 3: Of you don't want to go on holiday with you
Speaker 3: You're not invited on friend's script trip like not happening.
Speaker 2: No, no.
Speaker 3: We then said give us your two cents because obviously
Speaker 3: we're going to need that any more. Thoughts who's in
Speaker 3: the wrong here? And you guys had opinions, so let's
Speaker 3: read out a few of them. Someone said, if you
Speaker 3: don't have four hundred dollars extra for potential travel emergencies,
Speaker 3: probably shouldn't be traveling. Okay, but savage but true from
Speaker 3: my perspective. Unless you're beck Yolo, absolutely going back on
Speaker 3: that before I read out the next one.
Speaker 2: But you wouldn't do that to a friend. No, I
Speaker 2: wouldn't do that.
Speaker 3: No, you might not have an additional four hundred dollars,
Speaker 3: but you're not going to not pay for what you
Speaker 3: agreed to.
Speaker 2: Is that right exactly?
Speaker 5: But also if someone had done it to me and
Speaker 5: I didn't have an extra four hundred to pay their bit, yeah, yeah,
Speaker 5: I would probably be screwed. But that doesn't I shouldn't
Speaker 5: be penalized for and be like, oh, you, well, you
Speaker 5: shouldn't be traveling anyway if you get exactly, if you
Speaker 5: don't have any wiggle room.
Speaker 2: I agree.
Speaker 3: I agree, it's up to you, but it shouldn't be
Speaker 3: your responsibility totally. Someone said, there's so many accommodation options
Speaker 3: in bali op finds something mid price and lux for
Speaker 3: the same amount.
Speaker 2: It's a good point.
Speaker 3: You definitely could do that, but I don't think that's
Speaker 3: fair to have to do that. Someone said the friend
Speaker 3: needs to fork out for changing plants. That's the cost
Speaker 3: of them changing their plans. Someone said she should still
Speaker 3: offer to pay for the accommodation, given she's pulling out
Speaker 3: last minute.
Speaker 2: Someone else said, I would suggest looking for a.
Speaker 3: New place, and then if that's not feasible, saying I
Speaker 3: would cover it.
Speaker 2: I think that's fair.
Speaker 3: I go, Beck, is there any chance you could change
Speaker 3: accommodation to something cheaper so that, like, I don't have
Speaker 3: to spend this, right, that would be a nice way
Speaker 3: of putting it. And then if I go, look, I
Speaker 3: really couldn't find anything, it's still going to put me out,
Speaker 3: all right, no worries, I'll cover your part. That could
Speaker 3: be an easier way of going about it. Then everybody
Speaker 3: might end up happy. Yeah, but she said she looked
Speaker 3: and there wasn't really anything available. She said that it
Speaker 3: was going to cost at least three hundred dollars. Yeah,
Speaker 3: but that's clearly not how the conversation went. Yeah, could
Speaker 3: have been a way to approach it to begin with.
Speaker 3: Someone else said they're going to Bali. There's how many
Speaker 3: nice villas for like fifty dollars a night? If you
Speaker 3: could send me those villas that if a group trip
Speaker 3: you guys, someone said it would suck. But would you
Speaker 3: want to pay for a hotel when you're not staying there?
Speaker 3: No way, I mean no. But it's not about paying
Speaker 3: for a hotel when you're not there. It's about paying
Speaker 3: for as you said, changing your plans. Yeah, Like, if
Speaker 3: you didn't want to be up for that cost, don't
Speaker 3: change your plan. Like, I don't know what your plan was,
Speaker 3: and as you said before, ess, we don't know where
Speaker 3: it could be. Yeah, it could be an emergency, and
Speaker 3: like you know, she has to spend money on flights home,
Speaker 3: but like, I don't think that's the case here. And
Speaker 3: we're just assuming it's because she's gotten a better offer,
Speaker 3: is what I'm going to assume. Yeah, she's gotten a
Speaker 3: better off us she wants to go somewhere else with
Speaker 3: a different friend. Now, Like, no, I don't necessarily agree.
Speaker 3: I think that while it does suck, you have to
Speaker 3: pay that fee for changing your plans, and if you
Speaker 3: can't afford that, well, don't change your plans. Yeah, someone
Speaker 3: else said the friend should be paying the difference of
Speaker 3: the one hundred dollars a night for the three hundred
Speaker 3: dollars hotel. Oh, that's potentially a good compromise. So instead
Speaker 3: of paying two hundred bucks, you pay one hundred your friend.
Speaker 2: Doubt everyone kind of wins a little bit.
Speaker 3: Yeah, Yeah, And then the last one I'll share is
Speaker 3: if you don't have a cash buffer, you shouldn't be
Speaker 3: going on holiday, which seemed to be a conversation that
Speaker 3: lots of people wanted to have.
Speaker 2: But Beck disagrees, So I disagree. You just got to
Speaker 2: go on wing it.
Speaker 3: But that's why money is so fickle, right, Like you
Speaker 3: shouldn't and it's all about financial literacy. And I say
Speaker 3: you shouldn't because from my perspective, you shouldn't, but you
Speaker 3: go yolo. I know that that's your opinion, Victoria, and
Speaker 3: I do it anyway. And it's like, jes you've said
Speaker 3: before that how many cents did you have in your
Speaker 3: account when you came back?
Speaker 4: You could it's like thirty six cents or something. Couldn't
Speaker 4: get a chocolate bar at the air.
Speaker 3: For But like we've all been there, Yeah, does that
Speaker 3: mean we shouldn't have done it?
Speaker 2: Yeah?
Speaker 3: Well, I mean, in hindsight, we probably shouldn't be better prepared.
Speaker 2: But did you die? No? No, exactly, so a great time. Yes,
Speaker 2: don't get me wrong.
Speaker 3: My job is to give you the financial literacy that
Speaker 3: I think you deserve.
Speaker 2: What you do with it up to you, babes.
Speaker 3: Yeah, you want to go on holiday to Japan and
Speaker 3: not have any buffer and you're comfortable with that.
Speaker 2: I'm proud of you, Thank you so much.
Speaker 3: But you know yes, Like I know, I don't want
Speaker 3: to say you know better, but you know what my
Speaker 3: opinion as a financial expert actually looks like, yes, and
Speaker 3: you're given the opportunity to choose. I don't think it's
Speaker 3: fair when you don't have the opportunity to choose the
Speaker 3: best thing for you.
Speaker 4: I feel like this is a very good lesson, ultimately
Speaker 4: in why you should have a buffer, ideally when you travel,
Speaker 4: because you never know when something like this is going
Speaker 4: to happen, or when you're gonna hurt yourself and you
Speaker 4: need to fly home like whatever. Like our listener is saying,
Speaker 4: she literally can't pay for this accommodation. Well, is the
Speaker 4: choice going to be between either you know, ending up
Speaker 4: in some real sketch, last minute twenty dollars, Not that
Speaker 4: being cheap means it's sketchy, but you know, just finding
Speaker 4: something she can afford that maybe even the safest option,
Speaker 4: or like convincing her friend to stay like that. I
Speaker 4: guess to me, it's it's such a good example of
Speaker 4: why that buffer is important so that you're not stuck
Speaker 4: with that choice of like, oh, if my friend doesn't
Speaker 4: pay me, what do I do?
Speaker 3: Yeah, exactly, And that's not something travel insurance is going
Speaker 3: to cover. Yeah, Like, that's not how that works. And
Speaker 3: I guess that's where I want to leave it. If
Speaker 3: you can afford to travel, you can afford travel insurance.
Speaker 3: That's all I'll say about that. You don't want to
Speaker 3: have a buffer, I don't care. Just have travel insurance.
Speaker 3: That's my only non negotiable when it comes to travel.
Speaker 3: I just want you to have the financial education. What
Speaker 3: you do with it is actually none of my business.
Speaker 3: So let's leave it there.
Speaker 2: Guys.
Speaker 3: I hope you have the best weekend and we'll see
Speaker 3: brighton early on Monday for a money diary.
Speaker 2: I am back and I am so excited about it. Guys,
Speaker 2: see you soon. By guys.
Speaker 3: Bye. The advice shared on She's on the Money is
Speaker 3: general in nature and does not consider your individual circumstances.
Speaker 3: She's on the Money exists purely for educational purposes and
Speaker 3: should not be relied upon to make an investment or
Speaker 3: financial decision. If you do choose to buy a financial product,
Speaker 3: read the PDS TMD and obtain appropriate financial.
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