Speaker 1: On air and I have radio.
Speaker 2: She's on The Money Radio Show with Victoria Divines.
Speaker 1: Starts now. Oh, hello and welcome to this.
Speaker 3: She's on the Money Radio Show podcast, the radio show
Speaker 3: podcast for millennials who want financial freedom. And now we've got,
Speaker 3: speaking of podcasts, the host of the Australian Podcast Awards,
Speaker 3: Mitch Tury and winner of another Australian Podcast Award, Victoria Devine.
Speaker 4: Oh my gosh, Mitch, how good is this? We're talking
Speaker 4: about podcasts on a podcast pod, Sash.
Speaker 2: It's metai everybody. Let's talk about the forecast in the
Speaker 2: weather and that way we can get really meta every
Speaker 2: kind of cast there is.
Speaker 4: I'm really excited about this award actually because I worked
Speaker 4: really hard to get this. If we're honest, obviously you
Speaker 4: guys have heard me say, Bud, you direct intro and
Speaker 4: solved a million times. But they gave us so much
Speaker 4: creative control on a really big campaign this year. We
Speaker 4: worked really well with them and we you know, made
Speaker 4: sure that it was really organic and that our community
Speaker 4: love it, which I think is the most important thing
Speaker 4: for me. That it just really resonates with our community,
Speaker 4: and we got an award for it.
Speaker 3: So I think that's the best way to do it,
Speaker 3: like budget directs. Like when you actually have a product
Speaker 3: that you're sponsored by that you actually love, it is
Speaker 3: so easy just to work it in organically because you
Speaker 3: love it and you use it genuinely. So that's what
Speaker 3: happens when you do that, you get an award for
Speaker 3: it just for being you.
Speaker 4: Absolutely so, I absolutely loved it. I feel very grateful
Speaker 4: to work in this space and also to just work
Speaker 4: with my community every day, like it is just so
Speaker 4: fun and I feel like that was one of my
Speaker 4: favorite things at the Pod Awards, which was that just
Speaker 4: like overwhelming sense of community and that everyone's kind of
Speaker 4: got everyone's back, and we were talking about things and
Speaker 4: just being like, oh, if you don't know, like, I'll
Speaker 4: have a chat to you after this, I'll show you
Speaker 4: what we do. Because it's kind of like Podland is
Speaker 4: still a bit like the wild West. People don't really
Speaker 4: know what they're doing. But so far, so good, guys.
Speaker 3: So you're saying that the thousand dollars under your seat wall,
Speaker 3: now it was right.
Speaker 4: It was lie Mitch was lying. At the Podcast Awards.
Speaker 4: He told everybody there was a thousand dollars under my
Speaker 4: seat and then there wasn't trap.
Speaker 2: There was actually there was a second joke. So my
Speaker 2: first joke you'll hear in today's episode, but I'll give
Speaker 2: you an exclusive pod joke number two. So I said,
Speaker 2: Victoria Devine he had the first joke, and then I said, no,
Speaker 2: Victoria is not actually here. She's stuck in Melbourne. She
Speaker 2: didn't budget the trip budgeted.
Speaker 4: You guys are laughing because you know I would have
Speaker 4: budgeted for thattually. There was funny because that never would
Speaker 4: have happened.
Speaker 3: There wasn't a thousand bucks under her seat. There was
Speaker 3: probably eight thousand bucks. It was one of her bags
Speaker 3: that she was probably carrying, right Mitch, use.
Speaker 4: You know what was under my seat? The spare wine
Speaker 4: I got before we went in.
Speaker 2: We needed that.
Speaker 4: It was a theater style event, and I was like,
Speaker 4: I am not going in here with just one champagne,
Speaker 4: so I ordered two stuck one under my champs Can
Speaker 4: I just say, lass is because I am a genius.
Speaker 2: You're a superstar. The funny part was v and I
Speaker 2: walked out of the auditorium where I stepped off the stage.
Speaker 2: Let's go have a drink and celebrate your big, big success.
Speaker 2: Then we go out the way to walks up to
Speaker 2: V and I and goes, hi, congratulations on win. Can
Speaker 2: I interest if you want a chicken corma or a
Speaker 2: bottle of chicken?
Speaker 4: Oh my gosh. It was so weird. So it was
Speaker 4: a stand up event right, so theater style event. And
Speaker 4: then straight after the event there was like drinks and
Speaker 4: mingling of food and I think Mitch and I were
Speaker 4: waiting to get like a little spring roll or something,
Speaker 4: you know, food like yeah, yeah, money bags, anything fried
Speaker 4: turn out of ten to me. They had bowls going
Speaker 4: around with mashed potato and curry what I don't know, but.
Speaker 3: Like so good.
Speaker 4: Everybody's holding glasses and then what expected to hold a
Speaker 4: bowl of curry and not going it everywhere? But then
Speaker 4: all of the award winners we had our glasses of champagne,
Speaker 4: our award in another hand, like how were we ever
Speaker 4: going to eat the curry? So when we got back
Speaker 4: to the hotels, Steve and I ordered a really big pizza.
Speaker 2: Oh nice. I had to stand there talking to Sandra
Speaker 2: Sally eating a ghul lash.
Speaker 3: It on the show We should talk about the show today.
Speaker 1: It was actually Rack Victoria nearly died of a heart attack.
Speaker 4: After she that's the most mortifying sound that whoever been recorded.
Speaker 1: I'm going to use that as my ringtone from now.
Speaker 1: It is amazing.
Speaker 4: I would be like, who's having a feat?
Speaker 3: We talk about Black Friday sales again? Are we going
Speaker 3: to give your heads up? Because we're still amidst them
Speaker 3: all some of the biggest deals and some of the
Speaker 3: biggest things you can get involved in, but also.
Speaker 4: The most excitingly.
Speaker 1: Yeah, well, the buy now the after.
Speaker 4: Reforms in the buy now, pay later sector here in Australia,
Speaker 4: we are going to discuss kind of in depth. I
Speaker 4: don't know how it's going to end up sounding because
Speaker 4: I went on and on and on and I think
Speaker 4: Trav just turned me off halfway. But that's okay because
Speaker 4: I will continue to talk about it on the pot.
Speaker 1: That's what I do to women all the time.
Speaker 4: Anyways, moving on, how that we get straight into Let's.
Speaker 3: Get into the show right now. It is She's on
Speaker 3: the Money radio show Saturday morning right across the country.
Speaker 3: It's She's on the Money Radio show with Australia's number
Speaker 3: one finance podcast and now married Victoria Devine and Mitch
Speaker 3: Churry as well.
Speaker 4: How long can I milk that for do you think.
Speaker 2: Perpetually until you get divorced?
Speaker 4: Oh my gosh, and then I can milk a divorce.
Speaker 2: Now, Trev, Can I just say the one person I
Speaker 2: would never want a divorce is Finance podcast a Victoria Devine,
Speaker 2: where you'd get screwed. You wouldn't get the boat, she'd
Speaker 2: take the spatula from the kitchen. Oh my god, we don't.
Speaker 4: Even have a boat. But you best believe if we
Speaker 4: were getting a divorce, I'd end up with your get.
Speaker 3: It and you know what, you would need to listen
Speaker 3: to Super Savis Saturday. You'd have a lot of money
Speaker 3: lemmas as well, which you're going to hear about here
Speaker 3: in the show a little bit later on. But right
Speaker 3: now we're talking about the buy now, pay later market.
Speaker 4: I am so excited about this. This reform made me
Speaker 4: download Twitter so I could tweet about it because I
Speaker 4: was like, Lucy, is it guys?
Speaker 2: So what do you reform?
Speaker 4: Well, here in Australia we have buy now, pay later,
Speaker 4: so that's things like after pay and zip pay and
Speaker 4: right now they don't actually have to stick to the
Speaker 4: rules that credit cards adhere to, so at the moment
Speaker 4: there's existing rules for credit cards and they keep people safe.
Speaker 4: So if you went Mitch to go and sign up
Speaker 4: for a credit card today, they would be like, oh,
Speaker 4: let me just quickly check your credit score and whether
Speaker 4: you can afford this. They don't do those types of
Speaker 4: checks before you join a buy now, pay later company,
Speaker 4: which I think is quite toxic. So there has been
Speaker 4: a move and a paper release that is aiming to
Speaker 4: put in place some regulation for their sixteen million dollar
Speaker 4: by now Pay Later sector here in Australia. I love it.
Speaker 4: Not to get too political about it, but the Albanzi
Speaker 4: government has been doing good things in this space. And
Speaker 4: the paper was released last Monday, and to summarize it
Speaker 4: really quick for you, basically has three different options for
Speaker 4: reform and it concludes stuff like expanding the National Consumer
Speaker 4: Credit Protection Act to include by now Pay Later, which
Speaker 4: from my perspective as an ex financial advisor, is one
Speaker 4: of the easiest ways to just make sure it's a
Speaker 4: completely level playing field, because at the end of the day,
Speaker 4: buy now, Pay later is a form of credit, like
Speaker 4: you are borrowing money that you do not have to
Speaker 4: pay for fee that you currently can't afford. And that's okay,
Speaker 4: but I think what we need to do is always
Speaker 4: make sure that the consumer is in the right position,
Speaker 4: because in Australia we have a massive lack of financial literacy,
Speaker 4: like not everybody knows what they're signing up for when
Speaker 4: they sign up to pay, and the amount of stories
Speaker 4: that come out of my community where they say things like, oh,
Speaker 4: I signed up for zip pay and now I've looked
Speaker 4: at my report and over the last three years, I've
Speaker 4: spent sixty thousand dollars and I just didn't realize. And
Speaker 4: to be honest, it was just because it was easy.
Speaker 4: You just go. People deserve more education, people deserves.
Speaker 2: To right and that the company should be transparent with this.
Speaker 2: They've been sneaking thus.
Speaker 4: Fast exactly, and you just assume that because it's by
Speaker 4: now pay later, like that sounds a lot better than
Speaker 4: oh I put it on my credit card. There are
Speaker 4: a number of benefits to pint high now, pie later,
Speaker 4: but one of them is that you don't have the
Speaker 4: high interest rate associated with a credit card, and so
Speaker 4: people see that as a little bit sexy. They see
Speaker 4: it as kind of a benefit, right, like, oh well,
Speaker 4: if it's interest free, if I just paid off in time,
Speaker 4: it doesn't matter, right, but it does enable you to
Speaker 4: make more impulse purchases. Research tells us that on average,
Speaker 4: if you're tapping plastic instead of just paying in cash,
Speaker 4: you are going to spend nearly half more than what
Speaker 4: you were going to if I had asked you to
Speaker 4: pay for that thing in cash.
Speaker 2: So it's buy now, pay way more later. That that's
Speaker 2: really what it should be.
Speaker 4: Cooled mostly, Mostly, I just think that people need to
Speaker 4: be more educated about the spending decisions that they're making.
Speaker 3: Well, you know, if you have spent too much money
Speaker 3: with buy now, pay later, we're going to save you
Speaker 3: some money next.
Speaker 1: God, well, I love it when you just slip in
Speaker 1: there like that.
Speaker 2: Man, no.
Speaker 3: Thanks, it's a budget Direct winner, a can Stars Insure
Speaker 3: of the Year or twenty twenty two Budget Direct Insurance Solved.
Speaker 2: Look, we're here to save you some money, and we
Speaker 2: love nothing more than a cheap knockoff that's actually better
Speaker 2: than the original EXI version some trackscent we do.
Speaker 3: Yeah.
Speaker 2: At the podcast towards the other night, I hugged V
Speaker 2: and then I saw the tag on the back of
Speaker 2: a jacket and it was Pooey Mavan. So she's actually
Speaker 2: wearing a Uvton jupe which.
Speaker 4: I thought was, how did you chock that out?
Speaker 2: I got so close.
Speaker 4: Eyesight's so bad, I didn't even know you.
Speaker 1: Could re wow.
Speaker 2: Really, that's because I go to Mechsavers instead of Specsavers,
Speaker 2: so my glasses don't work. We're doing some dupes here,
Speaker 2: so if you don't know what a dupe is, essentially
Speaker 2: they're kind of big. On TikTok, you can get droops
Speaker 2: for a lot of fancy designer products. You can get
Speaker 2: drops for after shave, like I wear Les Labo Santaw
Speaker 2: thirty three, which is.
Speaker 4: You and I have a very similar taste. My friend
Speaker 4: but she's exy yes.
Speaker 2: So she is Essentially I'd say, you know, anywhere between
Speaker 2: three fifty to five fifty even for a bottle of that.
Speaker 2: Here's the thing. You could also go to price Line
Speaker 2: and get a rexsona tropical spray that I've heard on
Speaker 2: TikTok for nine dollars. It's a chip joop, yep.
Speaker 4: What my perfume? What is my perfume?
Speaker 3: She's just asking her, she's just asking her executive Assistan.
Speaker 4: She was, so, I love the Baccarat Rouge perfume, and
Speaker 4: it is three hundred and fifty six dollars a bottle,
Speaker 4: which is insane. But Ariana Grande from Chemist Warehouse nineteen
Speaker 4: ninety five money Win smells exactly the same.
Speaker 2: Oh you go for the Ariana Grande ponytail A ponytail.
Speaker 4: I'm wearing her perfume. Next stop, I will be carrying
Speaker 4: around a tiny dog and starting to sing about my
Speaker 4: ex boyfriends at the top of my voice.
Speaker 2: I found this so original. Is the Potago Vanetta Lido slides,
Speaker 2: which are really popular. They're green, They've got the cross
Speaker 2: hatch pattern on them, and these slides are one thousand
Speaker 2: and fifty dollars.
Speaker 4: Which is en Oh no, thank you.
Speaker 2: Now, don't go to Potaga Vanetta. Go to Target because yeah,
Speaker 2: they got the Maris which look exactly the same for
Speaker 2: thirty bakarnies.
Speaker 4: How spicy would it get if you went out for
Speaker 4: brunch in Bondy and you're like wearing a really expensive
Speaker 4: Yeah it's got your really expensive handbag, and then some
Speaker 4: chick rocks up wearing the Target version and gets a
Speaker 4: compliment in front of you. I'd be so salty.
Speaker 2: All right, give me one more Jube.
Speaker 4: I've got two jeeps, as I said, I promised Dowdy
Speaker 4: the first is not a jew but it's just a
Speaker 4: really solid recommendation. It is the Lea Mule rose eleven
Speaker 4: dollars ninety nine a bottle and probably the best rose
Speaker 4: I've drunk in my life.
Speaker 1: Hang on it, La Mule, La Mule has it got
Speaker 1: a big kick to it.
Speaker 2: It doesn't have a.
Speaker 4: Kick, but it's got a picture of a donkey on
Speaker 4: the front, so it makes up for it. But then
Speaker 4: the second dupe I want to pick up on again
Speaker 4: from our friends at Audi again not sponsored, just really good.
Speaker 4: Is there laucra Vida base primer, which is about ten
Speaker 4: dollars and it is an exact dupe for like the
Speaker 4: one hundred dollars Bobby Brown primer. Woh, I love that identical?
Speaker 2: A lot of makeup dupes in the beauty world, isn't
Speaker 2: that crazy? If you've got a jupe, hit us up?
Speaker 4: I need them in my life.
Speaker 2: You know what I'd love if someone was maybe dating
Speaker 2: a dupe, Like if someone was like, oh, I've got
Speaker 2: like the Chris Hemsworth jupe. He's kind of like Chris,
Speaker 2: but he was born in you know, Liverpool.
Speaker 3: Don't They called doppel ganghis or they call wish versions
Speaker 3: aren't there. Oh yeah, hey, if you've got a money dilemma,
Speaker 3: you won't be if you're spend any money on dupes.
Speaker 1: But you can eat us up anytime on socials. Just search.
Speaker 1: She's on the money.
Speaker 2: This is she's on the Money radio show each week.
Speaker 2: What we do here is we bring someone's financial story
Speaker 2: on air. So, Sarina us hi vee, I've got myself
Speaker 2: into a pickle. We buy now, pay later, very topical.
Speaker 2: I've got one account with a four thousand dollars limit
Speaker 2: that is now maxed out. Another account that has a
Speaker 2: seven grand limit that's also maxed out, both of which, yeah,
Speaker 2: both of which she's hidden from her partner. So she
Speaker 2: earns eighty five k per year and her monthly repayments
Speaker 2: are around two seven fifty.
Speaker 4: That's so much funny, But that's no judgment. It just
Speaker 4: would feel really terrible having that on you.
Speaker 2: And hiding it from your partner. So he has an issue.
Speaker 2: Questions come up every payday from the partner asking why
Speaker 2: she never has any money. Christmas is looming. She's got
Speaker 2: no idea how she can leave by presence. She's so stressed.
Speaker 2: What should she do? So she needs to know can
Speaker 2: she negotiate payment plans, or should she close accounts without
Speaker 2: paying them? Will it affect a credit rating. There's a
Speaker 2: lot to unpack.
Speaker 4: Sorry, first things first, we need to tell your partner
Speaker 4: because emotionally, that's clearly weighing on you, and if you're
Speaker 4: in a solid relationship, you should be able to have
Speaker 4: conversations like that without judgment. And to me, it's a
Speaker 4: bit of a red flag if you're hiding things from
Speaker 4: your partner, if worry of being judged or them not
Speaker 4: being very kind about it, that to me would be
Speaker 4: not a good place to be. Yes, you absolutely should
Speaker 4: close the accounts, but often you can't close by now
Speaker 4: pay later accounts until they're at zero, so they do
Speaker 4: have to remain open. In saying that, what you can
Speaker 4: do is each time you pay off a bit of
Speaker 4: your debt and you get your after pay down to
Speaker 4: maybe like three thousand, five hundred instead of the four thousand,
Speaker 4: you can actually call up after pay and have your
Speaker 4: limit brought down, so as you're paying it off, you
Speaker 4: kind of decrease your limits so you can't stretch back
Speaker 4: up again. Because that seems to be something that a
Speaker 4: lot of people fall into the trap of and that's going, Oh,
Speaker 4: I really want that there's five hundred dollars like extra
Speaker 4: wriggle room on my after pay, I'll just pay for
Speaker 4: it and I'll deal with the debt later. That is
Speaker 4: a toxic place to be in. The Other thing I
Speaker 4: would say is really sit down and do your budget
Speaker 4: and cash flow. Get on top of it. It will
Speaker 4: actually make you feel super empowered. Budgets should not be restrictive.
Speaker 4: They should be something that make you feel like you're
Speaker 4: in the best possible position to allocate your dollars to
Speaker 4: the things that you really care about and the things
Speaker 4: that you want to create out of your life.
Speaker 2: So should someone craft their own budget? Is that what
Speaker 2: you're saying? Like someone else?
Speaker 4: If you go to my website, I'm not trying to
Speaker 4: sell a product here, but go to my website. There's
Speaker 4: a free downloadable one on there because I have made
Speaker 4: it and just made it work for people. Sit down
Speaker 4: and do a budget. Understand how many dollars come in,
Speaker 4: and most people are able to tell us that, but
Speaker 4: most people can't tell me how many dollars go out
Speaker 4: of their account. So that's the next number we really
Speaker 4: want to understand. And then once you're on top of that,
Speaker 4: we work out, all right, what type of compromise do
Speaker 4: I have to make to pay this off asap? Because
Speaker 4: at the end of the day, eighty five thousand year,
Speaker 4: that's a pretty good salary, like you're doing really well. However,
Speaker 4: I reckon it's all worth a crack and after that
Speaker 4: having a chat with your partner, because at least you
Speaker 4: can say, look, I'm really on top of this, but
Speaker 4: I want to share it with you and that might
Speaker 4: make you feel a little bit more in control.
Speaker 3: Hey, if you've got a money to lem me, you
Speaker 3: can hit us up anytime. Just search shees on the
Speaker 3: money You're going to tell us next though, Victoria to
Speaker 3: Vine would be Saved Saturday, Super Savior Saturday, where you
Speaker 3: can get a coffee for nineteen ninety two prices.
Speaker 4: That is definitely coming up next. I have some insider
Speaker 4: gossip fuel.
Speaker 3: It is time to save some people some money with
Speaker 3: this the Save Saturday.
Speaker 2: Ah. So every week Victoria gives us some sneaky tips
Speaker 2: on how to keep more bucks in your bank account.
Speaker 2: So this week we're going to think of Black Friday
Speaker 2: sales and Cyber Monday is also approaching.
Speaker 4: There are some sick deals going around, Mitch, You've listed
Speaker 4: a few here. Why did you pick the ones that
Speaker 4: you've picked?
Speaker 2: Well, listen, because these are things that I'd be interested in.
Speaker 2: It's also to tech and clothing and things that I
Speaker 2: would buy. Amazon, I have twenty six percent off Apple AirPods.
Speaker 2: That's so good. Yeah, they're two ninety five down from
Speaker 2: four hundred bucks.
Speaker 4: You're saving one hundred bucks. Honeywooks.
Speaker 2: Dyson have four hundred dollars off their big, very high
Speaker 2: powered V eight absolute vac discount. Yeah, down from a
Speaker 2: thousand bucks. I will we have to say that none
Speaker 2: of this is sponsor. These are just good deals that
Speaker 2: we found.
Speaker 4: Not is now the time where we bring up the
Speaker 4: fact that my she's on the Morning Community when talking
Speaker 4: about vacuums, because that's the type of community we are.
Speaker 4: We get really excited over vacuums. They were talking about
Speaker 4: how the Kmart stickback is a very very good dub
Speaker 4: for a Dyson and some people like it more than
Speaker 4: they like the Dyson one. So not to talk down
Speaker 4: to Dyson, because like, I'm a pretty big fan of
Speaker 4: their air wrap. Yeah, Like, if I'm buying a vacuum
Speaker 4: and I can only spend like one hundred bucks, like
Speaker 4: maybe the cam up one is definitely up for grabs.
Speaker 2: Oh, definitely shop within your budgeting. But I will say
Speaker 2: the air wrap is down from nine hundred dollars to
Speaker 2: seven to fifty.
Speaker 1: I mean for God's Tales, it's amazing. What else you
Speaker 1: got for us?
Speaker 2: Mitche Black Friday sale at Woolworths fifty Health and beauty, that's.
Speaker 4: R you could make use of that.
Speaker 2: Actually, what do you mean?
Speaker 4: I was just saying that you like to give yourself.
Speaker 3: A facial Come on, Oh well we have off the
Speaker 3: rails today track.
Speaker 2: Can you give us a black side ideal that you
Speaker 2: found because we need a glass of water? Learn a check.
Speaker 3: Oh my god, she's actually of the snorts that covered out.
Speaker 3: She might be having a heart attack. I am genuinely concerned.
Speaker 3: Get a defibrillator you know where it might sell it
Speaker 3: to fibrilator Rebels Sport who were doing fifty?
Speaker 1: Can you just stop?
Speaker 2: What happened? Are we doing the show live from a
Speaker 2: petging zoo?
Speaker 3: I think that pig video you sent us before is
Speaker 3: to start an autoplaying.
Speaker 4: And swim mummy.
Speaker 2: Give us the rebel of Sport. Just Kevin we're going
Speaker 2: all right, I gotta.
Speaker 3: Go fifty garment and Samsung Smart Watchers. So if you
Speaker 3: want to get fit, get yourself in a rebel sport,
Speaker 3: that's a.
Speaker 4: Pretty good money win and hot too. Pier again, not sponsored,
Speaker 4: just good. Definitely make sure if you're through all of
Speaker 4: these sales you have your shop back activated because you
Speaker 4: can actually double up your discounts if you are shopping.
Speaker 3: Hey, before we get out of here, you told us
Speaker 3: about a place that you could get coffee at thirty
Speaker 3: years ago prices, Victoria Devine.
Speaker 4: I did that is right, Trav. I have been talking
Speaker 4: to my friends on Instagram and the Merlow Cafe in
Speaker 4: Brisbane is celebrating thirty years of roasting and to do that,
Speaker 4: they're taking us back to the future and they are
Speaker 4: selling coffee this week for their nineteen ninety two prices.
Speaker 1: Wow.
Speaker 4: So a small coffee this week is going to cost
Speaker 4: you ninety five cents. Oh, a medium coffee one ninety five,
Speaker 4: large is two forty five and an extra large coffee, guys,
Speaker 4: is going to set you back to ninety five. And
Speaker 4: I just think that's a really good way to promote
Speaker 4: your business and also give people a little bit of
Speaker 4: a money when on a weekend. We love Main and
Speaker 4: we love.
Speaker 3: Coffee Victoria to let's jump up to Brisbane and Mitch. Unfortunately, mate,
Speaker 3: you got to stick around because you're doing the Life
Speaker 3: on Cut show coming up next. But we'll be back
Speaker 3: next week for the final show of the year.
Speaker 1: Guys.
Speaker 3: In the meantime, hit us up anytime she's on the
Speaker 3: money on Socials. Until then, we'll catch you later.
Speaker 2: Thanks guys here