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Speaker 1: Hello.

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Speaker 2: My name is Santasha Nabananga Bamblet. I'm a proud Order

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Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 3: Let's get into it.

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Speaker 1: She's on the Money.

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Speaker 4: She's on the Money.

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Speaker 1: Hello and welcome to She's on the Money podcast and

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Speaker 1: millennials who want financial freedom. Today, my friends, it is Friday,

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Speaker 1: which means it is time to get my little team.

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Speaker 1: It's actually just Jessica together to celebrate you, guys, my

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Speaker 1: incredible She's on the Money community today, misterss Gricci. She's

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Speaker 1: got a heap of money wins that we are going

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Speaker 1: to be sharing from our community. I get to share

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Speaker 1: Bex Broke tips, which I'm very excited about. We're going

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Speaker 1: to be helping to answer a very juicy money question,

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Speaker 1: which this week is all about X repayments. I promise

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Speaker 1: it's more exciting than just EX repayments. And we're going

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Speaker 1: to be unpacking something that you slid into our DMS

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Speaker 1: about which this week we are talking about sharing the

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Speaker 1: cost of visiting home when you're living overseas with a

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Speaker 1: partner that you moved away for. I feel like that'll

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Speaker 1: be really good. But before we get there, Jess, where's Beck?

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Speaker 3: She's enjoying sunny Queensland?

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Speaker 1: She got a girlfriend and bushed us. Oh my god,

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Speaker 1: one out of ten cannot recommend.

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Speaker 3: But the picks are real cue, so we can't be too.

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Speaker 1: She looks really cute. I mean, I recommend that everybody

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Speaker 1: goes on holidays, but like, does she have to leave last?

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Speaker 1: We miss you? Yeah, but how's your week being Jess?

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Speaker 1: You didn't come on holidays?

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Speaker 3: Sadly no, But there's been lots going on this week.

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Speaker 3: She's in the money HQ where shooting lots of content

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Speaker 3: for something very exciting, which she's coming out soon.

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Speaker 1: What have I been trying to kill me? Because I

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Speaker 1: keep trying to share it online? And she's like, stop

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Speaker 1: telling people what we're working on? Is she in this room?

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Speaker 3: No, she's not.

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Speaker 1: It's the investing course.

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Speaker 3: So that's been really fun. Apart from that, just working

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Speaker 3: our lives away. Nothing exciting to report in my world.

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Speaker 3: How do the things have been in your world?

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Speaker 1: As shit show? So last weekend my husband was playing

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Speaker 1: soccer and got in a little bit of a bingal.

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Speaker 1: He jumped ahead the ball, which sounds real fancy. I'm like,

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Speaker 1: oh yeah, my husband heard of the ball. Well he didn't,

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Speaker 1: well did he? Because he got knocked, fell down, got

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Speaker 1: taken to the hospital and we thought, okay, cool, Like

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Speaker 1: he's got a concussion. That's a pretty standard I would

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Speaker 1: say injury for playing soccer. I didn't think it was

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Speaker 1: that much of a contact sport. Turns out it is.

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Speaker 1: Because the man has two broken ribs, a punctured lung,

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Speaker 1: a ac separation in his shoulder, a fractured scapular, and

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Speaker 1: is recovering from a concussion. He did a really good

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Speaker 1: job go hard or go home, and somehow, in addition

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Speaker 1: to all of that, he managed to dislocate his sternam

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Speaker 1: as well.

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Speaker 3: Just to cheirund top, just go hard or.

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Speaker 1: Go home, sir. So we went from our local hospital,

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Speaker 1: we went to Cabrini and they said this is a

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Speaker 1: bit too serious. So we spent a few days in

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Speaker 1: the Alfred where everyone was so nice. I actually met

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Speaker 1: a few nurses who were like, yep, so Steve, you've

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Speaker 1: got your medication. Yep. Also, we love your podcast. I

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Speaker 1: was like, oh, thank you. It was a lot, but

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Speaker 1: we are now at home, thank god. I'm working out

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Speaker 1: what next steps are. Oh, so that has taken up.

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Speaker 1: I would say most of the week we have been

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Speaker 1: doing content, but we also recorded a Business Bible episode

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Speaker 1: before and I was alluding to how the business doesn't

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Speaker 1: stop with you're the owner, and I feel like this

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Speaker 1: is the perfect example. I'm like, I have so much

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Speaker 1: going on in my personal life, but like work just

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Speaker 1: has to get done, doesn't it. Jess, It's crazy she

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Speaker 1: could call in six. Sometimes we're all.

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Speaker 3: Sending all of our love to poor Steve. O. You

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Speaker 3: now has to do double the way he.

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Speaker 1: Is lapping it up. And I laughed before because I'm

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Speaker 1: barthing my baby and my husband now.

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Speaker 3: Pulling double duty.

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Speaker 1: I love it all. Right, let's get into the episode, Jess.

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Speaker 1: I want to know what community money wins have you

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Speaker 1: brought to the table this week?

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Speaker 3: Alrighty, first thing this week I've got a money in

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Speaker 3: from Chelsea, who said money win. My daughter paid for

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Speaker 3: her coffee and my coffee using her own money for

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Speaker 3: her money box, which is so cute, really wholesome, teaching

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Speaker 3: good habits. Next, I've got a money win from Robin,

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Speaker 3: who said it was her birthday last week.

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Speaker 1: Have you had a birthday?

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Speaker 3: Took full advantage all of the freebies she got them

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Speaker 3: from Sophora, from Mecca, Crispy Kream and Boost Juice as.

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Speaker 1: Wow, okay, genius. I always say I'm going to do

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Speaker 1: that and then always forget.

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Speaker 3: Yeah, the one I will always remember is Mecca. But

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Speaker 3: like there's so many out.

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Speaker 1: There because Mecca are really good at it.

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Speaker 3: You can collect it for a while.

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Speaker 1: Yeah. Like they also send me an email reminder and

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Speaker 1: say your little birthday gift is here. And I got

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Speaker 1: mine in June and it was like full like a

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Speaker 1: skin care range.

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Speaker 3: Be for real amazing. Yeh. Next, I've got a money

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Speaker 3: you win from Alana, who said money win. I was

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Speaker 3: able to put one and twelve dollars towards the little

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Speaker 3: actionable steps to moving my family over to Australia. She said.

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Speaker 3: This is the first month she started planning to help

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Speaker 3: them make this move, and she feels like she's making

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Speaker 3: really great progress. Oh I love this, absolutely incredible. Then

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Speaker 3: I've got a money you win from Caitlin, a bit

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Speaker 3: of a theme this week. She said, money win. I

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Speaker 3: went to collect my very humble Level one Mecca Beauty

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Speaker 3: loop box, but they were out of level one boxes

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Speaker 3: and they were out of level two boxes, so she

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Speaker 3: got a level three box.

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Speaker 1: Oh my gosh, money win. I feel like Mecca are

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Speaker 1: going to have to start paying us.

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Speaker 5: Joel.

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Speaker 1: If you're loosening, you just call me up, because not

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Speaker 1: only have we spoken about you on the last two episodes,

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Speaker 1: I did a money diary yesterday Jess with a girl

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Speaker 1: who works at Mecca, and all she did was like

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Speaker 1: rave about how I've been there for five years. It's

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Speaker 1: the best job I've ever had, Like it's incredible, and

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Speaker 1: I'm just like, what are we Like?

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Speaker 3: The staff discount is schmick too.

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Speaker 1: Yeah, you used to work at Mecca.

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Speaker 3: I miss that, Like I said, have to hit her

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Speaker 3: money to her stuff. Anyone's to share their meke a

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Speaker 3: discount with us, We'll make your budget for you. Lastly,

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Speaker 3: this week, I've got a money win from Kim, who

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Speaker 3: said She has set up an auto investment every four

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Speaker 3: night so that the money is going to auto debit

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Speaker 3: into her micro investing account. Oh, I love this, and

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Speaker 3: I just think that that's such a good habit. If

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Speaker 3: you're someone who forgets turn on the auto debit, let

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Speaker 3: it just tick away and then you're investing without even

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Speaker 3: having to think about it.

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Speaker 1: I feel like that's genius. Jess, like, as always, I'm

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Speaker 1: going to definitely advocate for everybody investing, because like you

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Speaker 1: can literally invest with one cent nowadays, Like, where's your excuse? Yeah,

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Speaker 1: be for real, Well that's not even an ad I'm like,

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Speaker 1: just go invest. I don't even care what platform you use.

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Speaker 1: Just put your money where it needs to go to

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Speaker 1: put you in the best possible position when you're getting older.

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Speaker 3: Yeah, and even just the little bits. I know, cost

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Speaker 3: of living is really hard right now, but a lot

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Speaker 3: of platforms, I know shares Us does it, I know

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Speaker 3: quite a few others do it. You can round up

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Speaker 3: your purchases so if you spend a dollar, ninety five

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Speaker 3: five cents goes into your account and you can choose

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Speaker 3: to invest it. And I think I know that it's

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Speaker 3: really hard because it seems like we all are so

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Speaker 3: skint right now we are. It's really really tough to

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Speaker 3: prioritize things like that, but those little features that can

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Speaker 3: get you started, even if you feel like it's small,

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Speaker 3: it adds up. Just like some of our our listeners

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Speaker 3: were saying, all.

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Speaker 1: Right, Jess, I have the broke tips. They have actually

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Speaker 1: come from Beck. Beck has given me two community ones,

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Speaker 1: and then I'm going to have to come up with

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Speaker 1: my own. She didn't help me with that, which I

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Speaker 1: feel like is quite rude. So my first broke tip

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Speaker 1: to share with you guys is from Jess. Jess sent

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Speaker 1: Beck a lovely message. It says, hey, Beck, I love

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Speaker 1: your work. I have a broke tip for you. I

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Speaker 1: understand it doesn't apply to everybody, but potentially get a

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Speaker 1: job that provides accommodation. I have been doing this for

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Speaker 1: four years and it has allowed me to save so

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Speaker 1: much money which I'm now able to use to pursue

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Speaker 1: so many of my goals and save lots along the way.

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Speaker 1: Jobs in agriculture, healthcare and mining, in home care so

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Speaker 1: like elderly or childcare or becoming an no pair are

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Speaker 1: the main industries I know of that do this, but

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Speaker 1: I'm sure there are so many others. I hope this helps.

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Speaker 3: That is actually such a good tip. I know that

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Speaker 3: if you do snow season a lot of the time,

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Speaker 3: if you work at the resource, you can stay out

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Speaker 3: there for free. A lot of your meals and stuff

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Speaker 3: are covered too.

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Speaker 1: Like turbo charges your savings because you'll have way less

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Speaker 1: bills and you won't have to pay rent.

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Speaker 3: Yeah, which is the biggest expense arguably for me.

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Speaker 1: That's a good one, So thanks, Jess. Also, great name.

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Speaker 1: All right, The next broke tip jests comes from Gladys.

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Speaker 1: And I say Gladys because this broke tip has come

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Speaker 1: from someone who said, can you please make up a

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Speaker 1: name for me instead of my actual name when you

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Speaker 1: read it out, so it goes, Hey, guys, I have

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Speaker 1: a broke tip. Because you were discussing cleaning products the

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Speaker 1: other day. Everyone forgets we do though. I have a

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Speaker 1: whole highlight section on my Instagram for me cleaning things

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Speaker 1: if anyone's interested. So, dishwashing powder is so good and

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Speaker 1: so cheap. Don't waste your money on pods. It's four

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Speaker 1: dollars and lasts for ages. You can also sprinkle a

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Speaker 1: little bit into the dishwasher directly as well. As in

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Speaker 1: the tablet holder, so it uses the detergent in the

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Speaker 1: pre wash and saves water as you don't need to

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Speaker 1: rinse before it goes in. I feel like that's so smart.

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Speaker 1: I haven't thought about dish washing powder in a really

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Speaker 1: long time.

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Speaker 3: No or where to put it either. To be honest,

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Speaker 3: I never would have even thought twice about that. Very smart.

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Speaker 1: So smart? Do you use rinse? Aid?

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Speaker 3: Is that the thing that you eat the liquid?

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Speaker 1: Yeah, it's like the liquid. It's often blue, and it

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Speaker 1: goes in your dishwasher where the little flashy light will be.

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Speaker 3: I feel like we used to. I think that's something

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Speaker 3: that like cozy living life like, haven't thought about that

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Speaker 3: in a long time.

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Speaker 1: Oh okay, so I've always thought about that because like rinse,

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Speaker 1: that sounds like a scam to me. It reads scam.

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Speaker 1: I'm sorry, morning fresh, like be for real. I just

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Speaker 1: fill it up with vinegar.

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Speaker 3: There you go, and it works like the really well

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Speaker 3: the Alan Key of the cleaning world. She does it.

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Speaker 1: All all right, Jess. I have a broke tip and

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Speaker 1: it involves washing washing machines, not dish washes. We're on

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Speaker 1: theme for today, and it involves making sure that you

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Speaker 1: are washing all of your clothes in cold water instead

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Speaker 1: of warm water. Okay, so quick back of the envelope

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Speaker 1: calculations over the period of an entire year, assuming that

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Speaker 1: you are doing one load every single day of the year,

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Speaker 1: like a lot of laundry. I'm sorry, I've got a

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Speaker 1: baby art fair, so this makes sense. But you're running

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Speaker 1: with a kilowatt average ofero point three four, So thirty

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Speaker 1: four cents per load of power is used. Quick back

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Speaker 1: of the envelope calculation means that it will cost you

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Speaker 1: eleven dollars for a year of cold washes versus ninety

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Speaker 1: nine dollars for a year of warm washes.

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Speaker 3: There you go.

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Speaker 1: You're welcome. Also, if you're using hot, it would be more,

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Speaker 1: but I didn't work that out.

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Speaker 3: You're using hot, you might shrink You're really nice, yellow jumper,

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Speaker 3: and then you'll be sad.

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Speaker 5: Washes.

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Speaker 1: Do you actually use your washing machine on hot Jessica?

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Speaker 3: Yeah, well not anymore. I think why to me in

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Speaker 3: my brain? It makes it cleaner, don't don't. It's like

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Speaker 3: when I wash the dishes, I will burn my hands

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Speaker 3: skelting hot because I'm like, it's cleaner than if I

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Speaker 3: washed it in like kind of warm water.

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Speaker 1: I mean, boiling water is definitely like sanitized. Yeah, but

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Speaker 1: like is warm water cleaner than cold water?

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Speaker 3: Probably not.

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Speaker 1: I get where the logic is kind of kind.

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Speaker 3: I didn't say I was an expert. I just said

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Speaker 3: I thought what I thought.

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Speaker 1: But I've always done things on cold because I'm always

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Speaker 1: so anxious of ruining stuff. And the other day I

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Speaker 1: ruined a whole load of washing by putting Harvey's baby's

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Speaker 1: stuff all together. And now his white baby cloths are

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Speaker 1: blue because I put a new pair of like those

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Speaker 1: dungarees in the wash that were navy blue, and so

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Speaker 1: now everything's blue. But lucky, here's a boy, And that

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Speaker 1: all makes sense.

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Speaker 3: Perfect. It's just new clothes.

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Speaker 1: It's like having a whole new wandering exactly. So don't

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Speaker 1: do what I do, because that's not a broke tip.

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Speaker 1: But cold washing machine cycles, it's not going to be

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Speaker 1: cleaner if it's hotter. It's a game changer, exactly. You're

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Speaker 1: going to save money. And we love this for us also, Jess,

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Speaker 1: it's better for the environment. Okay, Julian, let's go to

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Speaker 1: a really quick break on the flip side. We're going

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Speaker 1: to be talking about hex repayments, which don't sound that sexy,

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Speaker 1: but we're going to make them sexy. And we are

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Speaker 1: also going to be unpacking something that you slid into

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Speaker 1: our DMS about. This week, we are going to be

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Speaker 1: talking about sharing the costs to visit home when you've

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Speaker 1: moved overseas to live with a partner, So guys, don't

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Speaker 1: go anywhere.

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

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Speaker 3: money dilemma.

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Speaker 1: Hi. There, have you got a money dilemma you just

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Speaker 1: can't solve? The Sheese on the Money team is here

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Speaker 1: to help. Every week, we tackle your dilemmas, both big

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Speaker 1: and small, to answer your most burning life, career and

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Speaker 1: life questions. To get involved, simply head to our website

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Speaker 1: and leave us a short voice recording and you might

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Speaker 1: just find yourself on the show. Now, let's take a

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Speaker 1: listen to this week's money dilemma.

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Speaker 5: Hello. I'm reaching out because I'm in a bit of

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Speaker 5: a pickle as my hex debt is currently sitting at

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Speaker 5: ninety eight thousand dollars. I did two undergraduate degrees and

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Speaker 5: then followed by a master's, which obviously took up a

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Speaker 5: large chunk of that and I graduated in twenty twenty two.

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Speaker 5: I'm making the compulsory repayments out of my pay however,

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Speaker 5: saying thanks to our friend indexation, it is going up

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Speaker 5: and up. I've recently received a large amount of inheritance

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Speaker 5: at about one hundred thousand K around that, and I

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Speaker 5: don't necessarily feel comfortable putting my family's harder and money

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Speaker 5: towards my HEX. But I'm only learning now. I guess

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Speaker 5: the real repercussions of having such a large HEX set,

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Speaker 5: whether it comes to my tax return, borrowing capacity. And

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Speaker 5: it's just on my mind constantly how it's got so

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Speaker 5: so big, and yeah, my compulsory or payments aren't doing anything.

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Speaker 5: But I don't really know where to go from here.

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Speaker 5: And I'd love some advice.

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Speaker 1: All right, Jess, in this situation, what would you do?

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Speaker 3: It's hard because I totally understand the sentiment of not

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Speaker 3: wanting to, you know, feeling like it's not a good

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Speaker 3: use of the money. But at the same time, I

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Speaker 3: kind of think that you know, you're acknowledging it to

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Speaker 3: reducing your borrowing capacity, it's causing problems a tax time,

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Speaker 3: all of those things. I think removing that mental load

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Speaker 3: from you is something that your loved one would see

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Speaker 3: as a good thing. And if using that money to

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Speaker 3: pay off that debt is going to make you feel

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Speaker 3: a bit better, I also see value in that as well.

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Speaker 3: But that being said, you know we've said before you

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Speaker 3: don't have to diresh to pay off your HEX. Yeah.

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Speaker 1: I've worked in the inheritance space for a number of

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Speaker 1: years now, and I mean I don't now technically, but

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Speaker 1: I would be fiercely protecting that inheritance so that it

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Speaker 1: can go towards something thing that is tangible. So it

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Speaker 1: can go towards, you know, your first property, or it

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Speaker 1: can go towards shares that are going to help you

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Speaker 1: in your future. Your HEX debt is something that while

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Speaker 1: it does reduce your borrowing capacity, it's not the end

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Speaker 1: of the world. Like, if you lose your job tomorrow

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Speaker 1: right now, you have that plus hundred thousand dollars asset

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Speaker 1: that's going to help you. Nobody is going to come

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Speaker 1: for you to keep paying off your hextet if you

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Speaker 1: can't work tomorrow. And I think that that is the

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Speaker 1: difference here in making sure that you're putting future you first. Like, yes,

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Speaker 1: being in debt, it is not sexy it is not nice,

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Speaker 1: but HEX kind of sits in the middle of being

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Speaker 1: a good and a bad debt. It's what we often

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Speaker 1: refer to as an okay debt because ultimately, if you're

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Speaker 1: in financial distress, you're not going to be paying it back. Yes,

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Speaker 1: it does reduce your borrowing capacity, but if you then

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Speaker 1: pay off your HEX completely with that amount of money,

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Speaker 1: you're not going to be talking about borrowing capacity because

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Speaker 1: you don't have a deposit. So I think it's really

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Speaker 1: important to go, well, how do I actually on this

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Speaker 1: money in the best way possible, And that might be

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Speaker 1: by not paying off your HEX and putting it aside,

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Speaker 1: putting it into an investment for the short period of

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Speaker 1: time so that it can make some money, maybe a

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Speaker 1: high interest savings account, so that it is working while

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Speaker 1: you're doing life and making a decision later. Potentially paying

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Speaker 1: off your HEX will mean that, yeah, you kind of

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Speaker 1: get back to ground zero, But is that actually something

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Speaker 1: that is honoring the money and the life of the

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Speaker 1: person who gave it to you? And I think that

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Speaker 1: to me, that would be the more important factor here, Like, yes, pragmatically,

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Speaker 1: you could pay off your HEX step, but is that

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Speaker 1: that tangible asset that hopefully creates long term family wealth.

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Speaker 1: Probably not. And HEX over the long term is not

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Speaker 1: going to be the thing that cribbles you. Yes, it

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Speaker 1: takes back your taxable income, but I don't think that

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Speaker 1: that's the worst thing in the entire world.

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Speaker 3: Yeah, and if you want more info on that, we've

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Speaker 3: got two episodes that I think that you will find

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Speaker 3: really helpful, how to treat an inheritance with the respect

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Speaker 3: it deserves and Indexation and Hex, which will link in

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Speaker 3: the show notes for you.

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Speaker 1: All right, Jess, I feel like that it's up the

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Speaker 1: Hex conversation, So let's dive into our juicy DM. Are

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Speaker 1: you ready?

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Speaker 3: Oh?

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Speaker 1: Yes, all right, So this week we got a DM. Hi, guys,

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Speaker 1: I need advice. I met my partner when I was

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Speaker 1: living abroad in America. We did a couple of years

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Speaker 1: long distance before I finally decided to move there permanently.

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Speaker 1: It was a really hard choice because ideally I wanted

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Speaker 1: him to move to Australia and leaving my family, who

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Speaker 1: I'm very close with, was really hard. But in the

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Speaker 1: end it made the most sense as I didn't have

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Speaker 1: a job at the time and he was trying to

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Speaker 1: grow his career where he was, I've been here for

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Speaker 1: more than a year and a half now, and I've

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Speaker 1: flown home to see my family three times. I've asked

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Speaker 1: him to contribute to the cost of the flight, as

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Speaker 1: it's very expensive for me to fly twenty plus hours,

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Speaker 1: but he said it's not him flying, so it's not

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Speaker 1: his cost to pay. He also doesn't think I need

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Speaker 1: to be visiting as often as I do. I think

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Speaker 1: he should be contributing, seeing as I'm the one that

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Speaker 1: moved and the reason I'm coughing up thousands of dollars

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Speaker 1: on flights is due to this decision. I don't regret

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Speaker 1: it at all, and I love our life, but it's

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Speaker 1: starting to feel really unfair. What do you think, Oh,

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Speaker 1: it's hard.

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Speaker 3: I fully agree that. I think that you've picked up

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Speaker 3: your life, You've uprooted it's I think it's extremely reasonable

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Speaker 3: to expect a level of contribution to that. Like if

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Speaker 3: the roles were reversed and he'd moved here for you,

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Speaker 3: and you were saying, my partner wants me to contribute

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Speaker 3: to his flights home, I would say, yeah, sounds fair.

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Speaker 3: To be honest, three times in a year and a

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Speaker 3: half feels like a lot to me. I don't know,

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Speaker 3: like hard to saybe.

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Speaker 1: There's like weddings or something along the way I really

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Speaker 1: had to come home for. But there's also like no

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Speaker 1: hard and fast rule of how many times you should be.

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Speaker 3: Completely especially if you're really close to your family. I

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Speaker 3: can understand that being far away from them would be

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Speaker 3: really challenging, and so I think I do think it's

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Speaker 3: reasonable for you to ask him to contribute in some

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Speaker 3: way because you've literally had to start over. Like for him,

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Speaker 3: it's been really easy, like his partner's come to live

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Speaker 3: with him, and you know, he's just living his life

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Speaker 3: as normal. But you may've had to find a new

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Speaker 3: job and probably buy a heap of new stuff because

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Speaker 3: it would have been hard to ship everything over. And

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Speaker 3: you've left your family, and you've left you've got to

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Speaker 3: make new friends, and you have to find a new

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Speaker 3: favorite yoga studio area. You've really started from ground zero,

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Speaker 3: And I don't want to minimize that because that's such

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Speaker 3: a big thing to do, even if it is for

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Speaker 3: somebody that you love. It seems like the least he

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Speaker 3: could do is help you pay to fly home, because

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Speaker 3: he doesn't have to do that.

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Speaker 1: I agree, but I think we need to also zoom

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Speaker 1: out a bit on this conversation and ask how as

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Speaker 1: a couple, you guys are managing finances completely because we

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Speaker 1: know from the message you sent that he's focusing on

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Speaker 1: his career and at the time you didn't have a job.

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Speaker 1: So how are you splitting rent? How are you you know,

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Speaker 1: are you living in his house rent free? Like, there

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Speaker 1: are lots of conversations to have around this, but I

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Speaker 1: would actually zoom out and have a chat about how

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Speaker 1: a is a couple do we manage finances? I'm assuming

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Speaker 1: this is a very serious relationship. You were together for

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Speaker 1: a number of years before you moved overseas, and then

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Speaker 1: you've moved literally overseas for so I would assume this

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Speaker 1: is a very serious relationship when we need to talk about, well,

435
00:20:04,240 --> 00:20:06,480
Speaker 1: how is a couple of you managing finances? Which is

436
00:20:06,560 --> 00:20:10,280
Speaker 1: perfect because I recorded an episode yesterday or managing couple finances?

437
00:20:10,640 --> 00:20:12,800
Speaker 1: I did a little solo rant Jess like it was

438
00:20:12,840 --> 00:20:15,680
Speaker 1: a solo episode, so it'll come out as a bonus

439
00:20:15,800 --> 00:20:19,040
Speaker 1: very very soon. Fighting, which is very fun. But I

440
00:20:19,080 --> 00:20:22,760
Speaker 1: think it's quite interesting that you're like, I think he

441
00:20:22,800 --> 00:20:25,520
Speaker 1: should be paying and he thinks he shouldn't. Yeah, we

442
00:20:25,560 --> 00:20:27,359
Speaker 1: actually need to then step back and go well, as

443
00:20:27,400 --> 00:20:30,199
Speaker 1: a couple, like, these are expenses that I'm going to

444
00:20:30,200 --> 00:20:33,080
Speaker 1: incur for the rest of my life, Like I'm consistently

445
00:20:33,119 --> 00:20:35,439
Speaker 1: going to be coming back to see my family. So

446
00:20:35,960 --> 00:20:39,000
Speaker 1: even if right now it's not impacting you as my partner,

447
00:20:39,240 --> 00:20:41,840
Speaker 1: in the future, maybe we have children, maybe we have

448
00:20:42,160 --> 00:20:44,959
Speaker 1: you know, a family, or you know, overheads, we might

449
00:20:45,000 --> 00:20:47,120
Speaker 1: get a mortgage, how are we still going to fit

450
00:20:47,200 --> 00:20:49,600
Speaker 1: this thing in that's really important to me into our

451
00:20:49,680 --> 00:20:52,000
Speaker 1: budgets and into our lives. And I think that that's

452
00:20:52,040 --> 00:20:56,840
Speaker 1: where the conversation should ideally start, not well, I'm going

453
00:20:56,840 --> 00:20:59,199
Speaker 1: to mum and Dad's you know, in February next year,

454
00:20:59,240 --> 00:21:01,560
Speaker 1: and I think you should help pay. We actually need

455
00:21:01,600 --> 00:21:04,720
Speaker 1: to talk about why he might be on the same

456
00:21:04,760 --> 00:21:07,680
Speaker 1: page about that, or why he might go Well, actually,

457
00:21:08,080 --> 00:21:11,840
Speaker 1: if we're going to as a couple manage this expense together,

458
00:21:12,400 --> 00:21:15,280
Speaker 1: what's a reasonable amount of time, what's a budget for this?

459
00:21:15,440 --> 00:21:18,639
Speaker 1: How does that work? Because to be honest, you've just moved.

460
00:21:18,920 --> 00:21:20,600
Speaker 1: It's only been a year and a half, so I'm

461
00:21:20,640 --> 00:21:23,120
Speaker 1: assuming it's pretty responsive. Like I want to go home

462
00:21:23,160 --> 00:21:25,280
Speaker 1: and see my family. Oh, I'm free at this stage.

463
00:21:25,720 --> 00:21:27,400
Speaker 1: Moving forward. Is it going to be once a year?

464
00:21:27,480 --> 00:21:28,640
Speaker 1: Is it going to be twice a year?

465
00:21:28,760 --> 00:21:28,879
Speaker 5: Like?

466
00:21:28,960 --> 00:21:29,960
Speaker 1: What does that look like?

467
00:21:30,080 --> 00:21:30,320
Speaker 3: Yeah?

468
00:21:30,320 --> 00:21:32,719
Speaker 1: Because that's really expensive. Yeah.

469
00:21:32,960 --> 00:21:34,919
Speaker 3: The other thing i'd say, if you're not already and

470
00:21:34,960 --> 00:21:37,720
Speaker 3: we're definitely not recommending that you get a credit card,

471
00:21:37,840 --> 00:21:41,120
Speaker 3: but if you are using one already, is it earning points?

472
00:21:41,440 --> 00:21:41,639
Speaker 2: You know?

473
00:21:42,080 --> 00:21:43,639
Speaker 1: Are you banking the most of it?

474
00:21:43,920 --> 00:21:46,359
Speaker 3: Yeah, there's lots of different options out there. If you

475
00:21:46,400 --> 00:21:48,080
Speaker 3: are using one, can you end points when you do

476
00:21:48,080 --> 00:21:49,920
Speaker 3: your groceries as well as when you travel all those

477
00:21:49,920 --> 00:21:52,159
Speaker 3: sorts of things. Are there ways that you can minimize

478
00:21:52,200 --> 00:21:54,639
Speaker 3: the cost of flying overseas? Are you booking during sales?

479
00:21:54,680 --> 00:21:58,040
Speaker 3: Are you booking far in advance when it's cheaper? Things

480
00:21:58,080 --> 00:22:00,400
Speaker 3: that you can do to lessen that cost as well,

481
00:22:00,400 --> 00:22:01,960
Speaker 3: because we all know if you book a last minute

482
00:22:01,960 --> 00:22:05,120
Speaker 3: flight a meet from three grand.

483
00:22:05,040 --> 00:22:08,840
Speaker 1: So, like, I think the summary of my thoughts around

484
00:22:08,840 --> 00:22:12,119
Speaker 1: this is it's a much bigger conversation, Like you've permanently

485
00:22:12,160 --> 00:22:14,320
Speaker 1: moved overseas. This is going to be ongoing.

486
00:22:14,320 --> 00:22:15,160
Speaker 3: This is your life now.

487
00:22:15,240 --> 00:22:17,359
Speaker 1: Yeah, Like, is this a couple costs? Is it a

488
00:22:17,400 --> 00:22:20,120
Speaker 1: single cost? What does this look like? We did ask

489
00:22:20,119 --> 00:22:22,399
Speaker 1: the community as always, so we asked them, do you

490
00:22:22,480 --> 00:22:25,520
Speaker 1: think the partner should contribute some money they're on your team.

491
00:22:25,680 --> 00:22:28,359
Speaker 1: Just sixty seven percent of people said yes, they should

492
00:22:28,359 --> 00:22:31,359
Speaker 1: be splitting the cost, but thirty three percent said nope,

493
00:22:31,400 --> 00:22:32,479
Speaker 1: not their cost to pay.

494
00:22:32,640 --> 00:22:33,200
Speaker 3: Interesting.

495
00:22:33,280 --> 00:22:36,320
Speaker 1: We also asked if your partner had moved for you,

496
00:22:36,640 --> 00:22:39,000
Speaker 1: would you be happy to assist with the financial costs

497
00:22:39,000 --> 00:22:41,640
Speaker 1: of flights home? Would you? Jess before I answer it.

498
00:22:41,720 --> 00:22:44,439
Speaker 3: I think it's only fair, like in my mind, as

499
00:22:44,480 --> 00:22:45,000
Speaker 3: I said, I.

500
00:22:44,920 --> 00:22:47,679
Speaker 1: Would because I've got the good deal. Yeah, you moved

501
00:22:47,760 --> 00:22:48,160
Speaker 1: to me.

502
00:22:48,520 --> 00:22:50,760
Speaker 3: Your life hasn't changed. I think that that is a

503
00:22:50,840 --> 00:22:53,960
Speaker 3: cost of that convenience. Yeah, And if you don't like it,

504
00:22:54,000 --> 00:22:55,720
Speaker 3: flip the narrative, be like, okay, well why don't you

505
00:22:55,760 --> 00:22:57,520
Speaker 3: move to Australia with me for a bit and I'll

506
00:22:57,520 --> 00:22:59,320
Speaker 3: help you fly home. How you like that?

507
00:22:59,480 --> 00:23:01,160
Speaker 1: Yeah, see how you like it?

508
00:23:02,080 --> 00:23:03,359
Speaker 3: Put the tote for tone on it.

509
00:23:03,480 --> 00:23:06,359
Speaker 1: But let's see how it works for you, sir, Yeah,

510
00:23:06,400 --> 00:23:09,600
Speaker 1: exactly right. Fifty six percent of you said yes, of course,

511
00:23:09,840 --> 00:23:11,680
Speaker 1: they were the ones that moved, you will help pay,

512
00:23:12,160 --> 00:23:15,720
Speaker 1: Forty one percent said only if we discussed it before

513
00:23:15,760 --> 00:23:18,480
Speaker 1: the move, and then two percent of you said nope,

514
00:23:18,480 --> 00:23:22,760
Speaker 1: not part of the deal, like I feel like in

515
00:23:23,200 --> 00:23:27,000
Speaker 1: you know, international relationships, it kind of is part of

516
00:23:27,040 --> 00:23:30,080
Speaker 1: the deal. Like one of you has moved, you've decided

517
00:23:30,119 --> 00:23:34,680
Speaker 1: to continue a international relationship. There are going to be

518
00:23:34,720 --> 00:23:38,920
Speaker 1: financial ramifications. It sucks, it's not fair all of those

519
00:23:38,960 --> 00:23:42,800
Speaker 1: things come into play. But pragmatically, you guys have decided.

520
00:23:43,000 --> 00:23:44,840
Speaker 1: It's even like when you're living into state.

521
00:23:45,040 --> 00:23:46,080
Speaker 3: Yeah, it is how it is right.

522
00:23:46,080 --> 00:23:48,119
Speaker 1: We've got family in Queensland, Jess, you and I'm going

523
00:23:48,200 --> 00:23:50,000
Speaker 1: to have to jump on a plane at Christmas time.

524
00:23:50,600 --> 00:23:53,840
Speaker 1: It's a cost of choosing to live in Melbourne. Yeah,

525
00:23:53,840 --> 00:23:57,639
Speaker 1: and wanting to maintain those relationships exactly. So we asked

526
00:23:57,640 --> 00:23:59,240
Speaker 1: for your two cents. We said, do you guys have

527
00:23:59,280 --> 00:24:03,199
Speaker 1: any thoughts? Miss Bech say it. You couldn't be here today.

528
00:24:03,800 --> 00:24:08,600
Speaker 1: Actually responded five times to this and said, so you're ready.

529
00:24:08,760 --> 00:24:11,560
Speaker 1: So be Beck does have an opinion here. This is

530
00:24:11,600 --> 00:24:14,639
Speaker 1: anonymous for everybody else but Beck for those of you listening.

531
00:24:14,760 --> 00:24:18,240
Speaker 1: So Beck said, guys, I'm not here, so I'm chiming

532
00:24:18,320 --> 00:24:21,120
Speaker 1: in here. Both their emotional needs need to be met

533
00:24:21,160 --> 00:24:23,960
Speaker 1: and hers are currently not being met and needs to

534
00:24:24,000 --> 00:24:26,680
Speaker 1: be so he needs to chip in for sure. There's

535
00:24:26,680 --> 00:24:29,200
Speaker 1: so much to say that these boxes are so small.

536
00:24:31,600 --> 00:24:33,399
Speaker 4: I can cure it in our voice.

537
00:24:33,920 --> 00:24:36,359
Speaker 1: So Beck thinks that he does need to pay, which

538
00:24:36,400 --> 00:24:40,119
Speaker 1: is fair and also hilarious because where's Beck Jess in Queensland.

539
00:24:40,160 --> 00:24:45,720
Speaker 1: She's in Queensland seeing her partner's family. But for those

540
00:24:45,760 --> 00:24:47,560
Speaker 1: of you who are in the community and not on

541
00:24:47,600 --> 00:24:50,280
Speaker 1: the pod, a lot of you said, this is something

542
00:24:50,280 --> 00:24:53,480
Speaker 1: that you should have talked about before. Yes, absolutely, and

543
00:24:53,520 --> 00:24:55,119
Speaker 1: I think it's a good reminder if you're in a

544
00:24:55,160 --> 00:24:58,600
Speaker 1: long distance relationship, maybe have that conversation.

545
00:24:59,560 --> 00:25:01,880
Speaker 3: Say that every week should have spoken about it previously.

546
00:25:02,119 --> 00:25:02,720
Speaker 4: So many did it?

547
00:25:02,880 --> 00:25:06,760
Speaker 1: Yes, Any people jumping dms and they're like, oh, they

548
00:25:06,760 --> 00:25:09,760
Speaker 1: should have already talked about this, So I'm like, okay, sis,

549
00:25:10,080 --> 00:25:12,160
Speaker 1: but they didn't and now they're on the show.

550
00:25:12,320 --> 00:25:12,679
Speaker 5: Yeah.

551
00:25:12,720 --> 00:25:14,000
Speaker 3: Literally, but here's.

552
00:25:13,760 --> 00:25:19,280
Speaker 1: Your advice, don't. Someone said it's a couple's values mismatch.

553
00:25:19,600 --> 00:25:22,680
Speaker 1: His value for wealth is higher than hers is for family,

554
00:25:22,720 --> 00:25:25,000
Speaker 1: and it's going to cause friction in the future.

555
00:25:25,240 --> 00:25:26,560
Speaker 3: Oh that's very insightful.

556
00:25:26,880 --> 00:25:28,760
Speaker 1: Yeah, I wish I could tell you who that was.

557
00:25:29,240 --> 00:25:31,800
Speaker 1: Someone else said, I'm responsible for my own life. I

558
00:25:31,840 --> 00:25:34,880
Speaker 1: also want to visit home more often than he probably might,

559
00:25:34,960 --> 00:25:38,040
Speaker 1: So I think it's my cost. That's fair.

560
00:25:38,240 --> 00:25:38,320
Speaker 5: Ye.

561
00:25:38,680 --> 00:25:41,919
Speaker 1: Someone said this has all the traits of being a

562
00:25:42,000 --> 00:25:43,520
Speaker 1: really big old red flag.

563
00:25:44,680 --> 00:25:46,240
Speaker 3: Call it all right.

564
00:25:46,359 --> 00:25:49,240
Speaker 1: Someone else said, it doesn't sound like right now their

565
00:25:49,320 --> 00:25:52,359
Speaker 1: relationship it is equitable. We definitely need to be having

566
00:25:52,359 --> 00:25:56,160
Speaker 1: more conversations about money and how it's going to be divided,

567
00:25:56,280 --> 00:25:59,760
Speaker 1: especially before they start a family. Someone else said, it's

568
00:25:59,800 --> 00:26:02,960
Speaker 1: an spoken rule. I go home whenever I want. Lucky

569
00:26:03,000 --> 00:26:05,480
Speaker 1: for him, it's only Perth and getting there is really

570
00:26:05,560 --> 00:26:09,600
Speaker 1: not that expensive, but I pay for it, okay. Someone

571
00:26:09,640 --> 00:26:12,159
Speaker 1: else said, my partner and I live in Australia but

572
00:26:12,200 --> 00:26:15,080
Speaker 1: are from the US in Ireland. Early on, we realized

573
00:26:15,119 --> 00:26:17,720
Speaker 1: seeing our family's list was a sacrifice we'd have to

574
00:26:17,760 --> 00:26:19,080
Speaker 1: make for our relationship.

575
00:26:19,280 --> 00:26:19,639
Speaker 3: Yeah.

576
00:26:19,720 --> 00:26:22,000
Speaker 1: I feel like that's also a really good part because, like,

577
00:26:22,080 --> 00:26:24,239
Speaker 1: don't get me wrong, I'm so glad that you've been

578
00:26:24,240 --> 00:26:26,240
Speaker 1: able to fly home and see your family three times,

579
00:26:26,280 --> 00:26:29,280
Speaker 1: but there are so many people who even flying home

580
00:26:29,320 --> 00:26:32,280
Speaker 1: one time during that period of time would be completely unfeasible,

581
00:26:32,520 --> 00:26:34,560
Speaker 1: especially after an international move.

582
00:26:34,800 --> 00:26:37,640
Speaker 3: Like that's yeah, I think, no matter what, you've got

583
00:26:37,640 --> 00:26:39,440
Speaker 3: to be on the same page. It's not gonna work.

584
00:26:39,520 --> 00:26:41,000
Speaker 3: If one of you thinks one thing, and one of

585
00:26:41,000 --> 00:26:42,480
Speaker 3: you thinks the other like, you've got to find a

586
00:26:42,480 --> 00:26:43,399
Speaker 3: compromise somehow.

587
00:26:43,560 --> 00:26:46,160
Speaker 1: Yeah, a lot of people actually did say in the comments.

588
00:26:46,200 --> 00:26:48,919
Speaker 1: Three times in a year and a half is a lot. Yeah,

589
00:26:48,960 --> 00:26:51,040
Speaker 1: And I mean I don't know your relationship. I also

590
00:26:51,080 --> 00:26:54,480
Speaker 1: don't know your financial situation. And that's not what I'm

591
00:26:54,520 --> 00:26:57,239
Speaker 1: commenting on today. I'm literally just talking about how you

592
00:26:57,280 --> 00:27:01,560
Speaker 1: manage money with your partner. Someone saying, I'd be reassessing

593
00:27:01,640 --> 00:27:04,240
Speaker 1: if the person really loves me and I want to

594
00:27:04,240 --> 00:27:08,320
Speaker 1: be with someone like that. That's the dramatic, but okay,

595
00:27:09,000 --> 00:27:11,720
Speaker 1: And then someone else said, it's bizarre because she's moved

596
00:27:11,800 --> 00:27:14,480
Speaker 1: all the way across the world, yet he's not trying

597
00:27:14,480 --> 00:27:15,879
Speaker 1: to even help her get home.

598
00:27:16,119 --> 00:27:16,439
Speaker 3: Yeah.

599
00:27:16,520 --> 00:27:18,960
Speaker 1: I feel like there's a lot of nuance in this,

600
00:27:19,280 --> 00:27:21,520
Speaker 1: but I guess it comes down to what it comes

601
00:27:21,560 --> 00:27:23,560
Speaker 1: down to always, mister Scricci, and.

602
00:27:23,480 --> 00:27:25,720
Speaker 3: That is communication. He's key.

603
00:27:26,359 --> 00:27:29,320
Speaker 1: So I think there needs to just be more conversations.

604
00:27:29,359 --> 00:27:31,880
Speaker 1: And I say this time and time again when in doubt,

605
00:27:31,920 --> 00:27:34,359
Speaker 1: zoom out and look at the bigger picture, Like, yes,

606
00:27:34,440 --> 00:27:36,760
Speaker 1: you want him to pay for this flight, but this

607
00:27:36,880 --> 00:27:39,240
Speaker 1: is an ongoing issue that is going to exist for

608
00:27:39,280 --> 00:27:42,960
Speaker 1: the remainder of your relationship, if not life. And how

609
00:27:43,000 --> 00:27:46,560
Speaker 1: often are you traveling home? Is this financially viable? Because

610
00:27:46,560 --> 00:27:48,879
Speaker 1: if you're traveling home three times a year, that's a

611
00:27:48,960 --> 00:27:51,679
Speaker 1: three times a year international flight. I can almost promise

612
00:27:51,720 --> 00:27:53,560
Speaker 1: you that's going to get in the way of buying property.

613
00:27:53,720 --> 00:27:55,399
Speaker 1: I can almost promise you that's going to get in

614
00:27:55,400 --> 00:27:57,800
Speaker 1: the way of your wealth creation in the future. So

615
00:27:57,840 --> 00:27:58,720
Speaker 1: what does it look like?

616
00:27:59,000 --> 00:28:00,720
Speaker 3: Yeah? Thanks, about to leave it.

617
00:28:00,760 --> 00:28:02,600
Speaker 1: I think I agree. We'll be back next week with

618
00:28:02,720 --> 00:28:06,000
Speaker 1: miss beksayed. Until then, we hope you have a beautiful

619
00:28:06,040 --> 00:28:08,600
Speaker 1: weekend and we'll see bright nearly on Monday for a

620
00:28:08,640 --> 00:28:09,240
Speaker 1: money diary.

621
00:28:09,320 --> 00:28:11,480
Speaker 3: Bye.

622
00:28:15,680 --> 00:28:18,240
Speaker 1: The advice shared on She's on the Money is general

623
00:28:18,280 --> 00:28:22,120
Speaker 1: in nature and does not consider your individual circumstances. She's

624
00:28:22,200 --> 00:28:25,639
Speaker 1: on the Money exists purely for educational purposes and should

625
00:28:25,680 --> 00:28:28,840
Speaker 1: not be relied upon to make an investment or financial decision.

626
00:28:29,240 --> 00:28:31,680
Speaker 1: If you do choose to buy a financial product, read

627
00:28:31,720 --> 00:28:35,840
Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards

628
00:28:35,880 --> 00:28:39,160
Speaker 1: your needs. Victoria Divine and She's on the Money are

629
00:28:39,240 --> 00:28:44,280
Speaker 1: authorized representatives of money. Sheirper pty Ltd ABN three two

630
00:28:44,280 --> 00:28:47,280
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631
00:28:47,560 --> 00:28:54,720
Speaker 1: AFSL four five one two eight nine