1
00:00:00,200 --> 00:00:02,960
Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

2
00:00:03,000 --> 00:00:07,280
Speaker 1: woman and I'm here to acknowledge country t Glenn Young

3
00:00:07,320 --> 00:00:11,400
Speaker 1: Ganya Niana, kaka ya Ya beIN Ahaka nian Ar gay

4
00:00:11,440 --> 00:00:16,920
Speaker 1: In Mbina, yak um Jar, Dominyama, Domagahawakaman, damon Imlan Wimer

5
00:00:16,960 --> 00:00:20,040
Speaker 1: bang gadabomba In and now in wakah ghana On yakram

6
00:00:20,120 --> 00:00:24,920
Speaker 1: jar Watnadaa. Hello, beautiful friends, we gather on the lands

7
00:00:24,960 --> 00:00:28,000
Speaker 1: of the Aboriginal people. We thank acknowledge and respect the

8
00:00:28,040 --> 00:00:31,240
Speaker 1: Aberiginal people's land that we're gathering on today. Take pleasure

9
00:00:31,280 --> 00:00:33,680
Speaker 1: in all the land and respect all that you see.

10
00:00:34,600 --> 00:00:40,160
Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

11
00:00:40,960 --> 00:00:44,560
Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

12
00:00:44,960 --> 00:01:10,880
Speaker 2: She's on the Money. She's on the Money. Hello and

13
00:01:11,080 --> 00:01:13,800
Speaker 2: welcome to She's on the Money, the podcast that makes

14
00:01:13,880 --> 00:01:21,600
Speaker 2: personal finance less scary. This Halloween, It's also Friday, our

15
00:01:21,640 --> 00:01:23,640
Speaker 2: favorite day of the week because we get the team

16
00:01:23,680 --> 00:01:27,160
Speaker 2: together and we get to celebrate you the incredible She's

17
00:01:27,240 --> 00:01:29,720
Speaker 2: on the Money community, who are arguably a lot less

18
00:01:29,720 --> 00:01:32,760
Speaker 2: spooky than Halloween. Miss Jess Gricci. She's going to be

19
00:01:32,840 --> 00:01:35,560
Speaker 2: sharing our favorite money wins. Beck is back and she'll

20
00:01:35,600 --> 00:01:38,040
Speaker 2: be sharing her broke tips, and we'll be helping to

21
00:01:38,120 --> 00:01:40,280
Speaker 2: answer our money dilemma, which is all about whether you

22
00:01:40,360 --> 00:01:44,240
Speaker 2: should prioritize investing when you have debt and something that

23
00:01:44,280 --> 00:01:46,480
Speaker 2: you slid into our dms about this week, whether you

24
00:01:46,520 --> 00:01:50,040
Speaker 2: should give back an early inheritance when your parents are

25
00:01:50,160 --> 00:01:54,040
Speaker 2: now struggling, which I think is going to be rough.

26
00:01:55,040 --> 00:01:58,360
Speaker 2: So you guys know that Friday Drinks episodes, I would

27
00:01:58,360 --> 00:02:02,160
Speaker 2: say they're a little bit chaotic times and I always

28
00:02:02,240 --> 00:02:04,680
Speaker 2: ask my team how is your week? But I'm not

29
00:02:04,760 --> 00:02:07,160
Speaker 2: doing that. I'm not doing that. I don't care about

30
00:02:07,160 --> 00:02:09,560
Speaker 2: you week. Oh oh no, no I do, I do.

31
00:02:09,680 --> 00:02:12,200
Speaker 2: I already asked you though, so I already know, but

32
00:02:12,320 --> 00:02:14,679
Speaker 2: I really want to add something different and take that

33
00:02:14,919 --> 00:02:19,119
Speaker 2: time and then use it more effectively. Right, So we're

34
00:02:19,160 --> 00:02:21,160
Speaker 2: going to give you the chance to ask the team

35
00:02:21,800 --> 00:02:25,040
Speaker 2: one thing you want to know money life advice hot

36
00:02:25,160 --> 00:02:27,639
Speaker 2: takes literally anything, and then we're going to answer it

37
00:02:27,760 --> 00:02:30,480
Speaker 2: on the show. And because it is Halloween and it

38
00:02:30,720 --> 00:02:34,280
Speaker 2: is so Spookie, I thought i'd kick it off with

39
00:02:34,360 --> 00:02:38,359
Speaker 2: a spooky question from me because then I'm hoping that

40
00:02:38,639 --> 00:02:41,959
Speaker 2: our community dm us questions that they want to know

41
00:02:42,639 --> 00:02:45,840
Speaker 2: the answers to from Beck and Jess. I want to

42
00:02:45,880 --> 00:02:51,519
Speaker 2: know what is your scariest social money nightmare? Oo, Do

43
00:02:51,600 --> 00:02:53,200
Speaker 2: you have one ready to go that you would like

44
00:02:53,280 --> 00:02:54,080
Speaker 2: to Yes.

45
00:02:54,520 --> 00:02:57,519
Speaker 3: I feel like for me, it's all about I know

46
00:02:57,600 --> 00:02:59,200
Speaker 3: we've showed out this in the share before, but it's

47
00:02:59,280 --> 00:03:01,919
Speaker 3: the having to follow people up for money.

48
00:03:02,360 --> 00:03:03,480
Speaker 2: Oh yeah, I am.

49
00:03:04,000 --> 00:03:06,160
Speaker 3: I'm totally happy to do it once because I think

50
00:03:06,480 --> 00:03:08,919
Speaker 3: we all forget right, Like I have absolutely gone to

51
00:03:08,919 --> 00:03:11,000
Speaker 3: transfer people money when I've owed them for like dinner

52
00:03:11,080 --> 00:03:11,720
Speaker 3: or something like that.

53
00:03:12,280 --> 00:03:14,600
Speaker 2: But you're like wholesome, So if I was to ever

54
00:03:14,639 --> 00:03:16,320
Speaker 2: follow you up, I think you'd be like, oh my god, sorry,

55
00:03:16,360 --> 00:03:19,320
Speaker 2: here it is immediately. It's not evasive totally.

56
00:03:19,600 --> 00:03:21,440
Speaker 3: I think my worst nightbrary is being on the end

57
00:03:21,480 --> 00:03:23,840
Speaker 3: where like somebody owes me a lot of money that

58
00:03:23,960 --> 00:03:24,560
Speaker 3: I then need to.

59
00:03:24,639 --> 00:03:28,400
Speaker 2: Chase because I think I feel, you know, you feel guilty.

60
00:03:28,040 --> 00:03:30,239
Speaker 3: About it, but then you need the money or you

61
00:03:30,320 --> 00:03:32,600
Speaker 3: want the money. I feel like the stress of just

62
00:03:32,680 --> 00:03:36,160
Speaker 3: like having to follow someone up a lot is very

63
00:03:36,280 --> 00:03:38,800
Speaker 3: uncomfortable to me, and again, like, thankfully not a position

64
00:03:38,880 --> 00:03:41,560
Speaker 3: I've ever really had to be in. But there's just

65
00:03:41,600 --> 00:03:44,680
Speaker 3: my worst nightmare, my worst night social nightmare.

66
00:03:44,760 --> 00:03:49,680
Speaker 2: Yeah. Absolutely. What is your scariest social money nightmare?

67
00:03:49,920 --> 00:03:53,640
Speaker 4: Well, I'm very blessed with the best I have. I

68
00:03:53,760 --> 00:03:57,200
Speaker 4: feel very safe being broke girl in my friendship circles.

69
00:03:57,320 --> 00:03:59,840
Speaker 2: I need to make you less safe. Yeah, that's totally good.

70
00:04:00,520 --> 00:04:02,080
Speaker 2: Like I just want to make you real rich. She's

71
00:04:02,120 --> 00:04:06,080
Speaker 2: got an axe coming out of her hand. I've threaten

72
00:04:06,120 --> 00:04:10,000
Speaker 2: you into a better money position. Oh, you put this here.

73
00:04:11,320 --> 00:04:13,320
Speaker 4: But I think like the scariest thing for me is

74
00:04:13,760 --> 00:04:16,480
Speaker 4: when it's secondhand. Let's say, like you know, you're going

75
00:04:16,560 --> 00:04:20,720
Speaker 4: to visit your partner's family at Christmas, or a friend's family,

76
00:04:21,279 --> 00:04:24,480
Speaker 4: or like something that is beyond your close circle, whether

77
00:04:24,520 --> 00:04:26,960
Speaker 4: it's like immediate family or close friends or whatever. That's

78
00:04:27,000 --> 00:04:29,760
Speaker 4: when I get really anxious because it's like, you know,

79
00:04:29,880 --> 00:04:32,960
Speaker 4: for example, I've got to visit my partner's mum on

80
00:04:33,080 --> 00:04:35,400
Speaker 4: the Gold Coast and I'm going to have to bring something,

81
00:04:35,520 --> 00:04:37,960
Speaker 4: and that is making me so stressed because you can't.

82
00:04:38,680 --> 00:04:40,760
Speaker 4: And I think there's something about that secondhand, or like

83
00:04:41,040 --> 00:04:43,920
Speaker 4: when someone doesn't know you as well as you're close

84
00:04:43,960 --> 00:04:46,120
Speaker 4: people and you are expected to like just buy like

85
00:04:46,760 --> 00:04:50,800
Speaker 4: a nice, thoughtful thing that isn't super personalized because you

86
00:04:50,839 --> 00:04:53,520
Speaker 4: don't know them as well either, so it has to

87
00:04:53,720 --> 00:04:55,440
Speaker 4: kind of come from a little bit of money has

88
00:04:55,480 --> 00:04:57,560
Speaker 4: been a good bottle of wine or a good something.

89
00:04:59,080 --> 00:05:01,400
Speaker 2: This together, I think that stresses me. Work on it.

90
00:05:01,480 --> 00:05:03,760
Speaker 2: Will work on it, and you, Oh my god. I

91
00:05:04,720 --> 00:05:06,880
Speaker 2: thankfully I got to go last. But while I was

92
00:05:07,360 --> 00:05:09,200
Speaker 2: listening to yours, I was just thinking of all these

93
00:05:09,320 --> 00:05:11,520
Speaker 2: other things that I could add. So first is when

94
00:05:11,839 --> 00:05:15,880
Speaker 2: someone says, let's just split the bill equally, Oh yes,

95
00:05:16,880 --> 00:05:20,839
Speaker 2: I just had an entree. The next is our group presence.

96
00:05:21,760 --> 00:05:24,640
Speaker 2: So when you've been like, oh, I'm going to Jess's

97
00:05:24,640 --> 00:05:26,800
Speaker 2: birthday and like you've already planned your stuff, and then

98
00:05:26,839 --> 00:05:29,760
Speaker 2: someone goes, oh my god, well it's actually her thirtieth birthday,

99
00:05:29,960 --> 00:05:32,400
Speaker 2: so we should all go in and get her a present,

100
00:05:32,880 --> 00:05:36,920
Speaker 2: and then they dictate the budget. Yeah nightmare. And then

101
00:05:37,320 --> 00:05:39,640
Speaker 2: my last one I can't remember, so you just stop

102
00:05:39,800 --> 00:05:42,200
Speaker 2: getting it. We're giving too and you're just telling to

103
00:05:42,400 --> 00:05:45,039
Speaker 2: I was like, what is this, Like, what's my last one?

104
00:05:45,120 --> 00:05:48,680
Speaker 2: And it's literally just left my brain. Yours were really good, though,

105
00:05:48,880 --> 00:05:51,159
Speaker 2: and I really really liked them because it's like getting

106
00:05:51,160 --> 00:05:53,680
Speaker 2: a little bit more insight into the two of your brains,

107
00:05:53,720 --> 00:05:56,760
Speaker 2: which I really really like. So moving forward, if you

108
00:05:56,800 --> 00:05:59,000
Speaker 2: guys have a question that you are dying for us

109
00:05:59,160 --> 00:06:01,240
Speaker 2: to respond to, it doesn't even have to be money.

110
00:06:01,320 --> 00:06:04,480
Speaker 2: It could be like something totally unhinged, because like Friday

111
00:06:04,560 --> 00:06:08,640
Speaker 2: Drinks is just a vacato totally my favorite cereal. To like,

112
00:06:08,760 --> 00:06:10,800
Speaker 2: what do you want to know? Pop it in a

113
00:06:10,839 --> 00:06:13,560
Speaker 2: comment section on Spotify, and I'll also link the question

114
00:06:13,760 --> 00:06:15,320
Speaker 2: call out in our thread that we're going to put

115
00:06:15,360 --> 00:06:17,600
Speaker 2: on our Facebook group in the show notes so that

116
00:06:17,720 --> 00:06:19,680
Speaker 2: you can go straight to that as well. So just like,

117
00:06:20,080 --> 00:06:22,360
Speaker 2: ask all your questions, because I think it'd be really

118
00:06:22,440 --> 00:06:25,160
Speaker 2: fun to ask Beck and Jess and maybe even me

119
00:06:25,360 --> 00:06:29,000
Speaker 2: sometimes what our thoughts on things are. Yeah, because I

120
00:06:29,080 --> 00:06:33,480
Speaker 2: can guarantee our brunches when we catch up they're wild

121
00:06:33,640 --> 00:06:36,279
Speaker 2: because we're all so different. Yeah, that's so true. Isn't

122
00:06:36,320 --> 00:06:36,839
Speaker 2: that beautiful?

123
00:06:37,160 --> 00:06:37,360
Speaker 1: Yes?

124
00:06:37,480 --> 00:06:40,080
Speaker 2: But also so unhinged sometimes I'm like, what is going

125
00:06:40,120 --> 00:06:45,039
Speaker 2: on inside her head? Anyway, Let's move forward. So apart

126
00:06:45,080 --> 00:06:47,360
Speaker 2: from being unhinged, we also like to stroke our own

127
00:06:47,400 --> 00:06:51,039
Speaker 2: egos and still talk about our community. Would you guys

128
00:06:51,320 --> 00:06:54,280
Speaker 2: like to hear a five star review. Yes please, all right,

129
00:06:54,360 --> 00:06:56,360
Speaker 2: So I picked this one because de Lulu has been

130
00:06:56,520 --> 00:06:59,680
Speaker 2: the word of my week. So from de Lulu true

131
00:06:59,720 --> 00:07:02,880
Speaker 2: money Queen from Perth Goal. By the way, while I'm

132
00:07:02,920 --> 00:07:05,839
Speaker 2: wearing this, if you're not watching it on YouTube, I'm

133
00:07:05,880 --> 00:07:09,200
Speaker 2: wearing a very large tiara. Oh go look at the videos.

134
00:07:09,240 --> 00:07:15,520
Speaker 2: Surely Instagram something dressed as a witch. Beck Is. I

135
00:07:15,560 --> 00:07:17,600
Speaker 2: don't know what beck is. Beck has just scorne through

136
00:07:17,640 --> 00:07:20,280
Speaker 2: the costume box. She has an axe coming out of

137
00:07:20,320 --> 00:07:23,160
Speaker 2: her head. She has a princess tiara and a cape.

138
00:07:23,400 --> 00:07:28,080
Speaker 2: Exactly She's ready and obviously it means I am something

139
00:07:28,520 --> 00:07:33,840
Speaker 2: something good good Halloween s Anyway, This one is from

140
00:07:33,960 --> 00:07:36,680
Speaker 2: Perth Gal twenty three and she says, I am so

141
00:07:37,000 --> 00:07:39,760
Speaker 2: happy I found this. My money story was all about

142
00:07:39,800 --> 00:07:42,680
Speaker 2: spending it before someone else spent it For me. I

143
00:07:42,760 --> 00:07:45,320
Speaker 2: have learned to trust more of myself and that saving

144
00:07:45,400 --> 00:07:48,200
Speaker 2: for a rainy date is actually so much less stressful.

145
00:07:48,520 --> 00:07:51,400
Speaker 2: I listened to this religiously now and I'm always waiting

146
00:07:51,440 --> 00:07:54,200
Speaker 2: for the next episode. Love the honesty, the tough love,

147
00:07:54,280 --> 00:07:57,480
Speaker 2: and the beautiful friendships that shine through all of your episodes.

148
00:07:57,760 --> 00:08:02,360
Speaker 2: That's so nice that me what is going on inside

149
00:08:02,400 --> 00:08:06,520
Speaker 2: her head them beautiful relationships Me. Yeah, I'm so nice. Friend.

150
00:08:07,080 --> 00:08:09,400
Speaker 2: I'm going to come through that. Sorry, But I love

151
00:08:09,440 --> 00:08:11,920
Speaker 2: a five star review. And I love hearing how you

152
00:08:12,040 --> 00:08:14,640
Speaker 2: guys are getting on. How long you've been with the community.

153
00:08:15,080 --> 00:08:17,640
Speaker 2: You know, earlier this year, we launched our rebrand, and

154
00:08:17,720 --> 00:08:19,960
Speaker 2: I had so many people messaging us being like, oh

155
00:08:20,000 --> 00:08:22,280
Speaker 2: my god, Ve Like when I saw all those videos

156
00:08:22,320 --> 00:08:24,600
Speaker 2: of your rebrand, like I couldn't believe how long I've

157
00:08:24,640 --> 00:08:26,960
Speaker 2: been here for. Like I saw them and I was like, oh,

158
00:08:27,080 --> 00:08:31,000
Speaker 2: I remember that, And sometimes I'm like, I wish you didn't.

159
00:08:32,080 --> 00:08:35,040
Speaker 2: Oh that's really cute. Yeah, that's really really cute. Anyway,

160
00:08:35,120 --> 00:08:36,959
Speaker 2: more about our community, Miss Jess, I got to eat

161
00:08:37,000 --> 00:08:39,520
Speaker 2: chea community. Money wins, what are you bringing to the table?

162
00:08:39,720 --> 00:08:42,160
Speaker 3: Alrighty, first of this week, I have one from Elisa,

163
00:08:42,240 --> 00:08:44,760
Speaker 3: who said money win. I did my groceries through the

164
00:08:44,800 --> 00:08:47,480
Speaker 3: shop back at this morning and got twenty five dollars

165
00:08:47,600 --> 00:08:48,400
Speaker 3: in cash back.

166
00:08:48,840 --> 00:08:50,960
Speaker 2: Gorgeous twenty fi. I know how good.

167
00:08:51,160 --> 00:08:53,160
Speaker 3: I would bit of a theme this week groceries. It

168
00:08:53,200 --> 00:08:57,240
Speaker 3: seems they are pretty spooky. Cost of living absolutely. Next time,

169
00:08:57,240 --> 00:08:59,920
Speaker 3: I money from Alex who said she bought six chickens

170
00:09:00,120 --> 00:09:02,079
Speaker 3: for thirty dollars a chicken and she'll never have to

171
00:09:02,120 --> 00:09:03,120
Speaker 3: pay for eggs again.

172
00:09:03,360 --> 00:09:05,079
Speaker 2: But now you have to pay for grain, and now

173
00:09:05,120 --> 00:09:08,280
Speaker 2: you have pets. I would be such a chicken girl

174
00:09:08,320 --> 00:09:10,640
Speaker 2: if I got them. I think sick chicken sounds like

175
00:09:10,679 --> 00:09:12,600
Speaker 2: the perfect amount of chickens to each Oh my god.

176
00:09:12,720 --> 00:09:17,599
Speaker 2: I am also just so farm oriented at the moment. Like,

177
00:09:17,679 --> 00:09:19,400
Speaker 2: as you guys know, we've been looking for a house,

178
00:09:19,480 --> 00:09:21,240
Speaker 2: trying to work out where we want to live, and like,

179
00:09:21,760 --> 00:09:24,320
Speaker 2: in that I have been using real estate dot com,

180
00:09:24,400 --> 00:09:27,160
Speaker 2: dotter you basically as Instagram, Like I scroll through that

181
00:09:27,280 --> 00:09:29,920
Speaker 2: stuff on the daily. Love right, Yeah, Like what if

182
00:09:30,040 --> 00:09:32,839
Speaker 2: Steve we moved to a farm and got cows and

183
00:09:32,960 --> 00:09:35,959
Speaker 2: chickens and He's just like absolutely not. Then you know

184
00:09:36,000 --> 00:09:38,439
Speaker 2: what I do. I go into the office. Jess doesn't

185
00:09:38,520 --> 00:09:40,559
Speaker 2: know this yet. You're not going to care that much,

186
00:09:40,640 --> 00:09:42,600
Speaker 2: Beck because you don't know her. But you know Jacqueline,

187
00:09:42,640 --> 00:09:46,920
Speaker 2: one of my mortgage brokers, she's getting too highland cows.

188
00:09:47,800 --> 00:09:53,120
Speaker 2: Oh my god, I love babies. At the moment. When

189
00:09:53,160 --> 00:09:55,320
Speaker 2: you're in the office next, ask her for the videos

190
00:09:55,360 --> 00:09:58,640
Speaker 2: because I was screaming. She's currently trying to work out

191
00:09:58,760 --> 00:10:01,679
Speaker 2: what like to name them and I reminded her of

192
00:10:01,800 --> 00:10:04,839
Speaker 2: my friend Chloe Jane. She's on Instagram. She's a really

193
00:10:04,840 --> 00:10:08,520
Speaker 2: beautiful influencer from Adelaide. But she actually has two Highland cows,

194
00:10:08,880 --> 00:10:10,599
Speaker 2: so if you're not following her, you clearly need to.

195
00:10:10,720 --> 00:10:15,319
Speaker 2: But she has the Moose Brothers. Oh cute work out,

196
00:10:15,679 --> 00:10:20,160
Speaker 2: Oh my goodness for today's episode, the Booze Brothers. Yeah,

197
00:10:20,520 --> 00:10:22,480
Speaker 2: I'm gonna ask her if she can put some pumpkins

198
00:10:22,520 --> 00:10:26,840
Speaker 2: around her for me. Make them spooky, make them anyway. Sorry,

199
00:10:26,880 --> 00:10:29,800
Speaker 2: that was really I told you that these episodes are chaos.

200
00:10:29,880 --> 00:10:32,880
Speaker 2: I'm sorry. That's okay. Can you tell I didn't take

201
00:10:32,920 --> 00:10:37,319
Speaker 2: my Adhd Mede this morning? Oh yeah, we get out

202
00:10:38,360 --> 00:10:38,720
Speaker 2: all right.

203
00:10:38,920 --> 00:10:42,440
Speaker 3: Next, I've got a money win from Alyssa spelled differently,

204
00:10:42,520 --> 00:10:43,600
Speaker 3: who said money win.

205
00:10:43,760 --> 00:10:45,160
Speaker 2: Aldi opened in her town.

206
00:10:45,480 --> 00:10:48,000
Speaker 3: I see a lot of people talk about how much

207
00:10:48,040 --> 00:10:49,719
Speaker 3: they're saving with ALDI, so I feel like that's a

208
00:10:49,800 --> 00:10:52,680
Speaker 3: really good one. Next, I've got a money win from eighty.

209
00:10:52,760 --> 00:10:54,560
Speaker 3: He said she saw a print that she loved at Adairs.

210
00:10:54,920 --> 00:10:56,720
Speaker 3: She went in to get it and it was ticketed

211
00:10:56,760 --> 00:10:58,839
Speaker 3: at one hundred and twenty nine ninety nine when it

212
00:10:58,920 --> 00:11:01,400
Speaker 3: should have been one hundred seventy nine ninety nine.

213
00:11:01,640 --> 00:11:03,520
Speaker 2: Oh so she got herself a hot little deal. The

214
00:11:04,280 --> 00:11:07,400
Speaker 2: price she put in a photo. It's farm friendly, it's

215
00:11:07,400 --> 00:11:10,600
Speaker 2: a horse yeah, which is farm episode? Oh my god?

216
00:11:10,679 --> 00:11:12,960
Speaker 2: Can we just start theming the episode, pay for all

217
00:11:13,040 --> 00:11:16,240
Speaker 2: of them? Yeah, and we're gonna pick terrible themes yeah,

218
00:11:17,360 --> 00:11:21,959
Speaker 2: no Halloween just like farm yeah yeah yeah yeah or

219
00:11:22,240 --> 00:11:23,360
Speaker 2: loose thread yeah.

220
00:11:25,400 --> 00:11:27,600
Speaker 3: And then lastly, this week, I've got a money win

221
00:11:27,720 --> 00:11:29,920
Speaker 3: from Hannah, who said instead of paying six dollars or

222
00:11:30,000 --> 00:11:31,800
Speaker 3: more for a vegan ice cream when she was out,

223
00:11:31,880 --> 00:11:34,760
Speaker 3: she bought a pack of four vegan Trumpet ice creams

224
00:11:34,800 --> 00:11:37,200
Speaker 3: from Coals for nine dollars fifty Trumpet deal.

225
00:11:37,400 --> 00:11:39,000
Speaker 2: I don't know what a Trumpet ice cream is. I

226
00:11:39,040 --> 00:11:41,640
Speaker 2: think it's a brand. Yeah, okay, I am all about

227
00:11:41,640 --> 00:11:44,959
Speaker 2: the waste bar at the moment. Really, this week, I've

228
00:11:44,960 --> 00:11:48,560
Speaker 2: eaten four just this week alone. Please don't ask if

229
00:11:48,600 --> 00:11:50,240
Speaker 2: any of them were on the same day, because maybe

230
00:11:50,280 --> 00:11:53,640
Speaker 2: they were. The doctor away and Beck, do you have

231
00:11:53,760 --> 00:11:55,719
Speaker 2: any broke tips? I feel like broke tips could be

232
00:11:55,760 --> 00:11:57,760
Speaker 2: a little bit spooky. They could be, and I'm going

233
00:11:57,800 --> 00:11:59,840
Speaker 2: to try and make these spooky. Say them and you're spooky,

234
00:12:00,040 --> 00:12:00,800
Speaker 2: spooky voice.

235
00:12:00,960 --> 00:12:04,840
Speaker 4: Okay, So this one's from Emma who may or may

236
00:12:04,960 --> 00:12:07,760
Speaker 4: not be our breaths a bit sultry, doesn't it sounds

237
00:12:07,760 --> 00:12:08,479
Speaker 4: a bit sexy.

238
00:12:10,160 --> 00:12:13,800
Speaker 2: Our producer? Is that scary or it's that hot? So

239
00:12:14,000 --> 00:12:15,560
Speaker 2: Emma who may or may not be.

240
00:12:15,640 --> 00:12:18,839
Speaker 4: Our producer, said that she had a dress up on

241
00:12:18,960 --> 00:12:22,640
Speaker 4: Facebook Marketplace since April hadn't had one message about it,

242
00:12:22,800 --> 00:12:25,319
Speaker 4: but on the weekend she finally had someone who messaged

243
00:12:25,440 --> 00:12:27,520
Speaker 4: and bought it straight away because she was getting ready

244
00:12:27,520 --> 00:12:30,959
Speaker 4: for her Christmas parties, which leads us to say, this

245
00:12:31,080 --> 00:12:33,480
Speaker 4: is a reminder to go through your wardrobe for unwanted

246
00:12:33,600 --> 00:12:36,360
Speaker 4: Christmas party outfits and wedding outfits because it is wedding

247
00:12:36,440 --> 00:12:40,080
Speaker 4: season and makes some extra cash on marketplace when Henny

248
00:12:40,200 --> 00:12:44,000
Speaker 4: is Christmas and wedding season and Halloween sees it. So anything,

249
00:12:44,160 --> 00:12:46,000
Speaker 4: even if you have something you were like this is hideous,

250
00:12:46,240 --> 00:12:49,679
Speaker 4: someone somewhere will need it for Halloween or Christmas or

251
00:12:49,800 --> 00:12:50,440
Speaker 4: some sort of party.

252
00:12:50,480 --> 00:12:53,119
Speaker 2: I'm wearing a tiara right now. This was a necessary

253
00:12:53,200 --> 00:12:56,240
Speaker 2: purchase exactly Victoria's wearing a tiara. And if you have

254
00:12:56,400 --> 00:12:58,440
Speaker 2: online around, you haven't been able to sell a tiara

255
00:12:58,520 --> 00:13:00,320
Speaker 2: all year. Now it's probably the all time now.

256
00:13:00,840 --> 00:13:04,360
Speaker 4: The time I've driven far and wide find a fluffy

257
00:13:04,400 --> 00:13:06,000
Speaker 4: Sanda hat. If you got a fluffy Sanda hat out there,

258
00:13:06,080 --> 00:13:07,200
Speaker 4: someone's gonna buy it anyway.

259
00:13:07,280 --> 00:13:09,480
Speaker 2: I still remember that from last Christmas. Yeah, and I

260
00:13:09,600 --> 00:13:11,920
Speaker 2: was like, are you joking? I have like six Yeah?

261
00:13:12,120 --> 00:13:16,560
Speaker 4: Oh well I haven't seen no hard nor hair fluffy Christmas.

262
00:13:16,559 --> 00:13:18,280
Speaker 4: That's but I would really like one. If it's a cow,

263
00:13:18,360 --> 00:13:20,160
Speaker 4: buy it off you. Yeah, okay, all right, well I

264
00:13:20,240 --> 00:13:21,920
Speaker 4: can bring one in for you. I just need to

265
00:13:21,920 --> 00:13:24,480
Speaker 4: get my Christmas storage box open and then it's all yours.

266
00:13:24,760 --> 00:13:26,559
Speaker 4: But I feel like, because it's Halloween, it should be

267
00:13:26,600 --> 00:13:28,800
Speaker 4: illegal to open your Christmas storage boxes yet.

268
00:13:28,800 --> 00:13:30,679
Speaker 2: But do you know what I reckon? Jess is already

269
00:13:30,720 --> 00:13:33,679
Speaker 2: planning the day after Halloween Christmas tray up y y.

270
00:13:34,080 --> 00:13:37,480
Speaker 2: Why am I not surprised? No, I'm so with you. Okay,

271
00:13:38,040 --> 00:13:39,480
Speaker 2: So this one comes from Ali.

272
00:13:39,679 --> 00:13:41,360
Speaker 4: Ali has slid into my DMS to let me know

273
00:13:41,440 --> 00:13:45,040
Speaker 4: that Farmer's Pick now has meat. You know those veggie boxes.

274
00:13:45,160 --> 00:13:47,400
Speaker 4: Is like, and so if anyone doesn't know Farmer's Pick,

275
00:13:47,440 --> 00:13:49,559
Speaker 4: it's like it's similar to fugly where it's just like

276
00:13:49,679 --> 00:13:53,600
Speaker 4: all the kind of like ugly vegetables, ugly fruits, they

277
00:13:53,679 --> 00:13:55,120
Speaker 4: kind of go into a box and they get set

278
00:13:55,160 --> 00:13:56,120
Speaker 4: and they're really really good.

279
00:13:56,160 --> 00:13:58,200
Speaker 2: They're great for you that there's nothing wrong with them.

280
00:13:58,240 --> 00:13:59,400
Speaker 2: They're just a little bit ugly.

281
00:14:00,360 --> 00:14:02,400
Speaker 4: And so now they have meat, which might make you

282
00:14:02,440 --> 00:14:03,880
Speaker 4: think like, Ooh, I don't know if I want to

283
00:14:03,920 --> 00:14:06,000
Speaker 4: get meat from but it's so fine.

284
00:14:06,360 --> 00:14:07,120
Speaker 2: It is very good for you.

285
00:14:07,520 --> 00:14:09,800
Speaker 4: I don't know where this sourcing is me maybe it's

286
00:14:09,840 --> 00:14:12,760
Speaker 4: just from like cheaper butchers or something like that, but

287
00:14:13,160 --> 00:14:14,560
Speaker 4: you can now get meat on there and I feel

288
00:14:14,600 --> 00:14:16,360
Speaker 4: like me is very expensive, so it's a really good tip.

289
00:14:16,440 --> 00:14:19,080
Speaker 2: Yeah, and it's probably not in QR meat. Honestly, if

290
00:14:19,120 --> 00:14:21,520
Speaker 2: I ran a veggie box series and I was like

291
00:14:21,800 --> 00:14:26,160
Speaker 2: selling NQR carrots right, first things first, my chopping skills

292
00:14:26,840 --> 00:14:30,200
Speaker 2: lack a lot of nuance, so by the time all

293
00:14:30,240 --> 00:14:31,800
Speaker 2: the veggies are chopped, you're not going to be able

294
00:14:31,840 --> 00:14:35,360
Speaker 2: to tell. You'd be like, that's fine totally. But if

295
00:14:35,400 --> 00:14:39,120
Speaker 2: I ran a veggie box company, adding meat when you're

296
00:14:39,120 --> 00:14:42,520
Speaker 2: already doing the order just makes sense. They're probably just

297
00:14:42,680 --> 00:14:45,440
Speaker 2: orderating it in bold dinner in a box basically genius.

298
00:14:45,600 --> 00:14:48,000
Speaker 2: Oh my god, actually might jump on this after we

299
00:14:48,080 --> 00:14:51,200
Speaker 2: finished recording. I feel like Marley Spoon is like dinner

300
00:14:51,240 --> 00:14:53,880
Speaker 2: in a box though that's like even more planned, like

301
00:14:54,080 --> 00:14:56,080
Speaker 2: that would be. My broke tip is just like use

302
00:14:56,160 --> 00:14:58,440
Speaker 2: my Marley Spoon code and just get some free meals

303
00:14:58,520 --> 00:15:00,320
Speaker 2: coming up to Christmas so that you can save a

304
00:15:00,360 --> 00:15:00,920
Speaker 2: little bit more.

305
00:15:01,080 --> 00:15:04,760
Speaker 4: Yeah, that's so, it's actually crazy. So I think that's fantastic.

306
00:15:04,840 --> 00:15:07,360
Speaker 4: Do your whole Christmas dinner.

307
00:15:07,600 --> 00:15:10,040
Speaker 2: On my spooed. I'm sorry just to jump in there.

308
00:15:10,120 --> 00:15:13,120
Speaker 2: You think that's funny. They do, They do crazy, they do.

309
00:15:13,480 --> 00:15:16,240
Speaker 2: So I did this at Easter time. Yeah, they have

310
00:15:16,400 --> 00:15:18,640
Speaker 2: there And this is not an ad, this is not sponsored.

311
00:15:18,720 --> 00:15:21,600
Speaker 2: This is just I have been indoctrinated into the cult

312
00:15:21,640 --> 00:15:24,520
Speaker 2: of Marley Spoon. So therefore when we talk about food,

313
00:15:24,560 --> 00:15:27,160
Speaker 2: I just want to tell you about my positive experiences.

314
00:15:27,600 --> 00:15:29,640
Speaker 2: So they have their like you know, meal kits, and

315
00:15:29,720 --> 00:15:33,000
Speaker 2: then they have their marketplace, and inside their marketplace they

316
00:15:33,120 --> 00:15:36,880
Speaker 2: do like a roast pork for six people, a broccolini

317
00:15:37,000 --> 00:15:39,120
Speaker 2: side for six people, and you can mix and match

318
00:15:39,120 --> 00:15:41,000
Speaker 2: your own things, so you don't like roast pork, no worries.

319
00:15:41,000 --> 00:15:43,320
Speaker 2: They've got a whole roast chicken thing that you can pick. So,

320
00:15:43,480 --> 00:15:47,200
Speaker 2: like I mixed and matched and had the most seamless

321
00:15:47,440 --> 00:15:50,480
Speaker 2: Easter dinner with my family over. So we had like

322
00:15:50,640 --> 00:15:53,600
Speaker 2: a really beautiful pork belly. There was like these candied

323
00:15:53,680 --> 00:15:57,520
Speaker 2: sweet potatoes. We had the broccolini. We had like these

324
00:15:57,640 --> 00:16:01,280
Speaker 2: like roasted carrots. Everything was gorgeous and there was a dessert.

325
00:16:01,360 --> 00:16:03,440
Speaker 2: So you just add them all to basket. And I

326
00:16:03,520 --> 00:16:07,000
Speaker 2: remember thinking, oh, maybe this is the lazy option, which

327
00:16:07,160 --> 00:16:09,320
Speaker 2: that's why I did it, But it ended up being

328
00:16:09,400 --> 00:16:11,560
Speaker 2: really economical because I was like, hold on, hold on.

329
00:16:11,680 --> 00:16:13,360
Speaker 2: I looked at the pork belly and it was basically

330
00:16:13,640 --> 00:16:16,720
Speaker 2: the same price for the pork belly to be sent

331
00:16:16,800 --> 00:16:18,720
Speaker 2: to me as the pork belly at the supermarket at

332
00:16:18,760 --> 00:16:21,760
Speaker 2: the time. But they sent the herbs, the spices, the garnish,

333
00:16:22,160 --> 00:16:25,600
Speaker 2: like all of that, and it was bloody organic. I

334
00:16:25,720 --> 00:16:28,720
Speaker 2: was like, this is good. I'm living. I'm basically a genius.

335
00:16:28,840 --> 00:16:31,280
Speaker 2: That's so good. So I haven't seen it yet because

336
00:16:31,280 --> 00:16:34,240
Speaker 2: it's obviously not Christmas time yet, but I reckon they'll

337
00:16:34,240 --> 00:16:36,400
Speaker 2: do a Christmas series for us, Marley Spoon, if you're

338
00:16:36,400 --> 00:16:37,920
Speaker 2: not going to and putting the pressure on here, because

339
00:16:37,920 --> 00:16:39,480
Speaker 2: I would like to see that. Thank you so.

340
00:16:39,920 --> 00:16:43,640
Speaker 4: Stress less about the Christmas lunch and dinner because Marley

341
00:16:43,680 --> 00:16:45,760
Speaker 4: Spoon maybe will have you covered.

342
00:16:45,920 --> 00:16:47,560
Speaker 2: I'm going to call Marley Spoon and be like, did

343
00:16:47,640 --> 00:16:52,240
Speaker 2: you know Beck wants some sponsorship money? It sounding like

344
00:16:52,320 --> 00:16:54,920
Speaker 2: I'm sponsored by them. I wouldn't hate it. I wouldn't

345
00:16:54,960 --> 00:16:55,760
Speaker 2: hurt a little bit of money.

346
00:16:57,080 --> 00:17:00,880
Speaker 4: No, So my tip this week is make your own

347
00:17:01,000 --> 00:17:03,560
Speaker 4: dish washing tablets. I saw this thing on TikTok, and

348
00:17:03,680 --> 00:17:05,399
Speaker 4: I can like send the link, I can put it

349
00:17:05,400 --> 00:17:07,080
Speaker 4: in the show notes if you guys want. But it's

350
00:17:07,119 --> 00:17:09,399
Speaker 4: like you can ice tray, ice cube tray, and you

351
00:17:09,880 --> 00:17:13,679
Speaker 4: I believe it is like maybe one part dishushing liquid,

352
00:17:14,160 --> 00:17:17,920
Speaker 4: some toothpaste, just a little dollop, baking soda, a little

353
00:17:17,960 --> 00:17:20,879
Speaker 4: bit more dishoushing liquid, a different color, just to make

354
00:17:20,920 --> 00:17:22,879
Speaker 4: it look a little bit more like a finished tablet.

355
00:17:23,240 --> 00:17:24,560
Speaker 2: But you don't have to do that. You can do

356
00:17:24,760 --> 00:17:26,840
Speaker 2: whatever color and you chuck.

357
00:17:26,720 --> 00:17:28,080
Speaker 4: It in the freezer and then you just pop it in.

358
00:17:28,160 --> 00:17:31,000
Speaker 4: It literally looks like I think, like the toothpaste. You

359
00:17:31,080 --> 00:17:33,040
Speaker 4: just put a dollop and it looks like the little

360
00:17:33,119 --> 00:17:35,600
Speaker 4: red circle in a dish washing tablet.

361
00:17:35,800 --> 00:17:38,280
Speaker 2: I have heard of people using toothpaste to like polish things,

362
00:17:38,440 --> 00:17:40,240
Speaker 2: so I kind of believe.

363
00:17:39,960 --> 00:17:42,840
Speaker 4: It yes, I polish a lot of my silverware with paste,

364
00:17:42,880 --> 00:17:44,840
Speaker 4: so I think that's it's doable. And so you pop

365
00:17:44,920 --> 00:17:46,679
Speaker 4: that in the freezer and then you pull them out

366
00:17:46,720 --> 00:17:49,400
Speaker 4: and like from memory, I don't have a dishwasher anymore,

367
00:17:49,440 --> 00:17:52,800
Speaker 4: but it was like seventy dollars for like a thirty

368
00:17:52,840 --> 00:17:53,360
Speaker 4: pack or something.

369
00:17:53,560 --> 00:17:54,560
Speaker 2: Is it still expensive?

370
00:17:54,720 --> 00:17:54,920
Speaker 1: Still?

371
00:17:54,960 --> 00:17:55,200
Speaker 2: Away?

372
00:17:55,320 --> 00:17:58,960
Speaker 4: So I'm like dishrushing liquid and toothpaste and baking soda.

373
00:17:59,240 --> 00:18:02,200
Speaker 2: I'm like that it's so much cheaper. I don't know

374
00:18:02,240 --> 00:18:04,399
Speaker 2: if it'll like be really sudsy. I don't understand how

375
00:18:04,440 --> 00:18:05,720
Speaker 2: that all works. I don't know how it works. It

376
00:18:05,800 --> 00:18:07,719
Speaker 2: sounds like a lot of effort. But can I add

377
00:18:07,800 --> 00:18:10,920
Speaker 2: to that broke tip please? So like dish washing tablets

378
00:18:11,280 --> 00:18:15,240
Speaker 2: astronomically expensive, like pane of my existence? Why did I

379
00:18:15,320 --> 00:18:16,280
Speaker 2: think I had to buy them?

380
00:18:16,359 --> 00:18:16,520
Speaker 5: Though?

381
00:18:16,880 --> 00:18:19,600
Speaker 2: Oh, you don't actually have to buy dish washing tablets, like,

382
00:18:19,920 --> 00:18:21,560
Speaker 2: and you know what, great broke tip if you really

383
00:18:21,600 --> 00:18:24,080
Speaker 2: want your dish washing tablets. But Beck, I've just stopped

384
00:18:24,080 --> 00:18:27,320
Speaker 2: buying dish washing tablets. And for three dollars ninety at coals,

385
00:18:27,400 --> 00:18:30,320
Speaker 2: I buy a kilo of dish washing powder. Oh, and

386
00:18:30,480 --> 00:18:33,080
Speaker 2: like I just pour that into the little canister and

387
00:18:33,200 --> 00:18:35,200
Speaker 2: she does a good job. I think it's like lemon

388
00:18:35,280 --> 00:18:38,640
Speaker 2: fresh or something gorgeous. Perfect. Sorry, it does the job.

389
00:18:38,840 --> 00:18:42,600
Speaker 2: And it's three dollars ninety for a whole damn kilo. Really, yes,

390
00:18:42,800 --> 00:18:44,960
Speaker 2: it's just like powder and like it comes in like

391
00:18:45,080 --> 00:18:47,879
Speaker 2: you know, like the old school laundry, like you containers

392
00:18:47,920 --> 00:18:49,960
Speaker 2: with like you screw off the top and they pour

393
00:18:50,000 --> 00:18:52,200
Speaker 2: it in. I just like, I don't measure it. Maybe

394
00:18:52,240 --> 00:18:54,760
Speaker 2: I should be measuring it. I just measure with my

395
00:18:54,960 --> 00:18:57,600
Speaker 2: heart and I just fill up the little plastic container

396
00:18:57,680 --> 00:19:00,880
Speaker 2: and chuck the lid closed. When back, ma'am, I still

397
00:19:00,920 --> 00:19:04,280
Speaker 2: haven't run out three dollars ninety. That's so don't quote

398
00:19:04,280 --> 00:19:06,040
Speaker 2: me on that because it might not be three dollars ninety,

399
00:19:06,080 --> 00:19:08,600
Speaker 2: but I'm sure it is. I'm absolutely certain it's under

400
00:19:08,600 --> 00:19:11,640
Speaker 2: four dollars. That's so cool. Under four dollars. Like, why

401
00:19:11,680 --> 00:19:14,160
Speaker 2: do we need dish washing tablets? I know, great money tip,

402
00:19:14,560 --> 00:19:16,359
Speaker 2: like or broke tip if you're like I really like

403
00:19:16,440 --> 00:19:18,840
Speaker 2: having you know, stock and just chucking them in money win.

404
00:19:19,119 --> 00:19:21,720
Speaker 2: But like, sorry, I'm even lazier than that. And I

405
00:19:21,840 --> 00:19:24,240
Speaker 2: also just do you need a dish washing tablet? A

406
00:19:24,359 --> 00:19:26,440
Speaker 2: parent light don't know. That's it. Well that's me for

407
00:19:26,520 --> 00:19:28,879
Speaker 2: this week. All right, Well, let's head off on a

408
00:19:29,000 --> 00:19:32,680
Speaker 2: really quick, maybe not so scary break because after the break,

409
00:19:32,760 --> 00:19:34,840
Speaker 2: we're going to be having a chat about your money dilemma,

410
00:19:34,960 --> 00:19:37,800
Speaker 2: which is all about whether you should be prioritizing investing

411
00:19:37,840 --> 00:19:39,880
Speaker 2: when you actually have debt and something that you slid

412
00:19:40,000 --> 00:19:42,760
Speaker 2: into our dms about whether you should give back an

413
00:19:42,840 --> 00:19:46,480
Speaker 2: early inheritance when your parents are now struggling. So don't

414
00:19:46,520 --> 00:19:55,359
Speaker 2: go anywhere, welcome back. Sorry. I hope that every listening

415
00:19:55,480 --> 00:19:57,640
Speaker 2: is just leading in because I'm having lots of fun. Yeah, leaning,

416
00:19:57,720 --> 00:19:59,760
Speaker 2: and don't get too scared. I'm only wearing a tr

417
00:20:00,000 --> 00:20:02,480
Speaker 2: because Jess lindsay in. Let's listen to this week's book

418
00:20:02,560 --> 00:20:03,359
Speaker 2: you Money Dilemma.

419
00:20:06,080 --> 00:20:08,399
Speaker 5: Hi, there, have you got a money dilemma you just

420
00:20:08,480 --> 00:20:10,960
Speaker 5: can't solve? The She's on the Money team is here

421
00:20:11,040 --> 00:20:14,240
Speaker 5: to help. Every week we tackle your dilemmas, both big

422
00:20:14,320 --> 00:20:17,000
Speaker 5: and small, to answer your most burning money, career and

423
00:20:17,080 --> 00:20:20,240
Speaker 5: life questions. To get involved, simply head to our website

424
00:20:20,280 --> 00:20:22,400
Speaker 5: and leave us a short voice recording and you might

425
00:20:22,480 --> 00:20:23,720
Speaker 5: just find yourself on the show.

426
00:20:24,160 --> 00:20:26,800
Speaker 2: Now, let's take a listen to this week's money dilemma.

427
00:20:29,040 --> 00:20:32,280
Speaker 6: Hey guys, my question today is well, really just wanting

428
00:20:32,320 --> 00:20:36,280
Speaker 6: your opinion on the whether you think you should be

429
00:20:36,359 --> 00:20:41,920
Speaker 6: prioritizing paying off debt over having investments and savings. So

430
00:20:42,400 --> 00:20:44,000
Speaker 6: a bit of my backstory is that I have a

431
00:20:44,040 --> 00:20:47,080
Speaker 6: considerable amount of debt a few years ago after coming

432
00:20:47,119 --> 00:20:50,560
Speaker 6: out of a relationship unfortunately, and so IF worked hard

433
00:20:50,640 --> 00:20:53,920
Speaker 6: over the last few years to get that down from

434
00:20:53,960 --> 00:20:58,800
Speaker 6: about fifty thousand to about fifteen thousand. And I also

435
00:20:58,880 --> 00:21:01,600
Speaker 6: have a couple of credit cards. So while I'm doing

436
00:21:01,680 --> 00:21:06,080
Speaker 6: well to actually get those under control now, I have

437
00:21:06,240 --> 00:21:08,840
Speaker 6: actually also started looking at and I've opened up a

438
00:21:08,920 --> 00:21:13,240
Speaker 6: Sharesy's account thanks SotM, and a Raise account. However, there's

439
00:21:13,240 --> 00:21:15,920
Speaker 6: all always that nagging feeling the back of my head

440
00:21:16,080 --> 00:21:20,560
Speaker 6: that I shouldn't be putting money in these platforms, that

441
00:21:20,640 --> 00:21:23,920
Speaker 6: it should all be going towards my paying off my debt.

442
00:21:24,480 --> 00:21:27,439
Speaker 6: I feel like that's not practical for people.

443
00:21:27,600 --> 00:21:27,760
Speaker 1: You know.

444
00:21:27,880 --> 00:21:30,480
Speaker 6: I'm in my mid forties now, and i want to

445
00:21:30,520 --> 00:21:34,119
Speaker 6: make sure that I'm giving myself the best possibility you know,

446
00:21:34,200 --> 00:21:38,480
Speaker 6: when retirement comes along. So I'd really love your opinion

447
00:21:38,600 --> 00:21:42,760
Speaker 6: on this little conundrum. Thanks guys, love your work boogie.

448
00:21:43,600 --> 00:21:46,560
Speaker 4: Oh my god, it is incredible that she was able

449
00:21:46,600 --> 00:21:48,600
Speaker 4: to get that down from fifteenty to fifteen.

450
00:21:48,800 --> 00:21:52,600
Speaker 2: That's amazing. That's really really cool. I mean, I don't know.

451
00:21:52,960 --> 00:21:55,040
Speaker 2: I'm not on my omed, so I'm trying real hard

452
00:21:55,080 --> 00:21:56,960
Speaker 2: to bite my tongue and let you guys talks.

453
00:21:58,200 --> 00:22:02,040
Speaker 4: I think that Victoria might say to wait, actually actually

454
00:22:02,080 --> 00:22:03,760
Speaker 4: because of what I say. Well, I don't know, but

455
00:22:03,880 --> 00:22:05,920
Speaker 4: I'm thinking sure that you could do like half half

456
00:22:05,960 --> 00:22:09,399
Speaker 4: as long as your debt isn't climbing with interest and

457
00:22:10,280 --> 00:22:13,320
Speaker 4: you're still chipping into it and you're not. Yeah, I

458
00:22:13,400 --> 00:22:16,480
Speaker 4: think it's if your debt is slowly going down and

459
00:22:16,560 --> 00:22:19,720
Speaker 4: it's not gaining interest and like doubling tripling in price

460
00:22:19,960 --> 00:22:24,200
Speaker 4: over time, then both are a priority. I would say,

461
00:22:24,320 --> 00:22:26,560
Speaker 4: But I don't know, because I'm not a finance expert.

462
00:22:26,680 --> 00:22:28,560
Speaker 4: I want to say it's congratulations, because it can be

463
00:22:28,720 --> 00:22:32,520
Speaker 4: very very stressful and to overcome that and not be like,

464
00:22:32,800 --> 00:22:33,480
Speaker 4: it's really cool.

465
00:22:33,720 --> 00:22:36,640
Speaker 2: I totally agree. That's really exciting. You've made so much progress.

466
00:22:36,800 --> 00:22:37,400
Speaker 2: Well done.

467
00:22:37,680 --> 00:22:41,880
Speaker 3: Yeah, I would say, run the numbers on the opportunity class.

468
00:22:41,960 --> 00:22:44,320
Speaker 3: We don't know what your interest rate is on your

469
00:22:44,520 --> 00:22:48,120
Speaker 3: credit cards, and they can be. I mean, they're really vary.

470
00:22:48,240 --> 00:22:50,040
Speaker 3: Vd's probably got a better gauge on what they are

471
00:22:50,080 --> 00:22:52,520
Speaker 3: than I do. But I would say, run the numbers

472
00:22:52,680 --> 00:22:55,200
Speaker 3: on what your credit card interest or payment looks like

473
00:22:55,680 --> 00:22:57,800
Speaker 3: and how long it's going to take you to pay off,

474
00:22:57,800 --> 00:22:59,879
Speaker 3: because I think if you said or I could buckle

475
00:23:00,040 --> 00:23:03,640
Speaker 3: down pay that last fifteen thousand dollars off over let's

476
00:23:03,640 --> 00:23:08,520
Speaker 3: say twelve eighteen, twenty four months, versus how much you

477
00:23:08,560 --> 00:23:11,879
Speaker 3: would make if you're contributing to the share market over

478
00:23:11,960 --> 00:23:14,080
Speaker 3: that time, using you know, an average rate of return,

479
00:23:14,200 --> 00:23:20,639
Speaker 3: say seven eight percent roughly conservatively, I personally would probably prioritize.

480
00:23:20,160 --> 00:23:23,040
Speaker 2: Paying down the debt. That's just my choice.

481
00:23:23,200 --> 00:23:25,080
Speaker 3: I think a good happy medium is you can turn

482
00:23:25,160 --> 00:23:27,440
Speaker 3: your roundups on on your shares arse so you still

483
00:23:27,560 --> 00:23:30,760
Speaker 3: have a little bit of money trickling in. You can

484
00:23:30,800 --> 00:23:33,240
Speaker 3: still feel like you're contributing. You're making a bit of progress.

485
00:23:33,320 --> 00:23:35,720
Speaker 3: You don't really see it going, but you're not, you know,

486
00:23:35,840 --> 00:23:39,800
Speaker 3: putting bulk lump sums in. Rather, you're putting those debts

487
00:23:39,800 --> 00:23:42,480
Speaker 3: to your debt repayment. And then once that's done, you

488
00:23:42,600 --> 00:23:44,760
Speaker 3: know that whenever you were contributing to your debt repayment

489
00:23:44,920 --> 00:23:47,800
Speaker 3: you can then start investing. But as I said, I

490
00:23:47,840 --> 00:23:50,480
Speaker 3: feel like miss Queen over here is probably kind of

491
00:23:50,600 --> 00:23:51,320
Speaker 3: better idea.

492
00:23:51,600 --> 00:23:52,800
Speaker 2: Is it my turn? Is it my turn?

493
00:23:53,119 --> 00:23:53,280
Speaker 5: Yeah?

494
00:23:53,359 --> 00:23:56,120
Speaker 2: So paying off your high interest debt is an investment

495
00:23:56,160 --> 00:23:59,760
Speaker 2: in itself. Like you told me that you have debt

496
00:23:59,760 --> 00:24:02,840
Speaker 2: for a relationship. No, you didn't tell me the interest rate, Jess.

497
00:24:02,880 --> 00:24:04,760
Speaker 2: You are right, you should be looking at the interest rates.

498
00:24:04,840 --> 00:24:08,000
Speaker 2: Both of you said that. But if you're telling me

499
00:24:08,160 --> 00:24:12,280
Speaker 2: that that is personal debt, I can't give you personal advice.

500
00:24:12,960 --> 00:24:16,440
Speaker 2: But paying off your high interest debts first is going

501
00:24:16,520 --> 00:24:19,520
Speaker 2: to be an investment in itself because the sooner you

502
00:24:19,600 --> 00:24:21,840
Speaker 2: pay that off, the less interest you're paying, and that

503
00:24:22,080 --> 00:24:25,119
Speaker 2: is such a better return than anything you can get

504
00:24:25,160 --> 00:24:27,600
Speaker 2: in the share market because right now, over the last

505
00:24:27,680 --> 00:24:30,080
Speaker 2: thirty years, the average rate of return of the Australian

506
00:24:30,119 --> 00:24:32,880
Speaker 2: share market is sitting at about nine point eight percent,

507
00:24:33,359 --> 00:24:35,680
Speaker 2: and then if you like zoom out international markets, it's

508
00:24:35,680 --> 00:24:39,160
Speaker 2: about eleven percent. Right, sexy, But I can almost guarantee

509
00:24:39,200 --> 00:24:41,480
Speaker 2: if you're telling me it's credit card or personal debt.

510
00:24:41,680 --> 00:24:44,520
Speaker 2: Credit card and personal debt anywhere in Australia sits between

511
00:24:44,640 --> 00:24:48,880
Speaker 2: fifteen and twenty five percent, sometimes can be astronomically more,

512
00:24:49,359 --> 00:24:52,480
Speaker 2: you're telling me that if I direct my money to

513
00:24:52,560 --> 00:24:56,240
Speaker 2: my high interest debt, I'm going to get basically a

514
00:24:56,400 --> 00:24:59,720
Speaker 2: fifteen to twenty five percent return by paying that off sooner.

515
00:25:00,720 --> 00:25:02,680
Speaker 2: You're not getting the return in your bank account, so

516
00:25:02,760 --> 00:25:04,960
Speaker 2: it doesn't feel as good, but you're saving the money

517
00:25:05,280 --> 00:25:07,679
Speaker 2: you're getting out of debt sooner, which means the second

518
00:25:07,840 --> 00:25:10,320
Speaker 2: you've stopped being aggressive about paying that debt off, you

519
00:25:10,359 --> 00:25:12,600
Speaker 2: know where that money can go straight into an investment.

520
00:25:13,400 --> 00:25:17,000
Speaker 2: So for me, it's about that high interest debt and

521
00:25:17,160 --> 00:25:20,520
Speaker 2: making it a priority to smash it out. Would I

522
00:25:20,840 --> 00:25:24,520
Speaker 2: still save during that time is a different question. I

523
00:25:24,600 --> 00:25:28,520
Speaker 2: would personally make sure that I had an emergency fund,

524
00:25:29,160 --> 00:25:32,119
Speaker 2: because if you get up the creek without a paddle,

525
00:25:33,119 --> 00:25:35,960
Speaker 2: you can rely on your emergency fund instead of going

526
00:25:36,040 --> 00:25:40,960
Speaker 2: further into debt. But investing right now, that investment is

527
00:25:41,080 --> 00:25:44,960
Speaker 2: potentially paying off your debt as aggressively as possible. But

528
00:25:45,119 --> 00:25:47,000
Speaker 2: on the flip side, you might be thinking, if you're

529
00:25:47,000 --> 00:25:49,520
Speaker 2: a listener, but fore what about my mortgage? But that's

530
00:25:49,560 --> 00:25:52,399
Speaker 2: different again because most mortgages at the moment are sitting

531
00:25:52,520 --> 00:25:55,840
Speaker 2: ideally at around or under five percent. So if we

532
00:25:55,920 --> 00:25:58,440
Speaker 2: look at a five percent return versus that nine point

533
00:25:58,520 --> 00:26:01,080
Speaker 2: eight or even eleven percent, you can see that that's

534
00:26:01,200 --> 00:26:04,159
Speaker 2: like a maybe lower priority because it's a lower interest rate.

535
00:26:04,600 --> 00:26:06,879
Speaker 2: So you might get better return on your money by

536
00:26:07,040 --> 00:26:11,320
Speaker 2: doing a better interest rate. So the important information here

537
00:26:11,480 --> 00:26:13,760
Speaker 2: is really the semantics of your debt. If you go,

538
00:26:13,880 --> 00:26:16,800
Speaker 2: we'll actually via I've got this really slay personal debt,

539
00:26:16,840 --> 00:26:19,720
Speaker 2: and like there's all these additional nuances that I'm not

540
00:26:19,920 --> 00:26:22,240
Speaker 2: sure of, and you go, well, actually, my personal debt

541
00:26:22,280 --> 00:26:25,320
Speaker 2: sitting at five percent, Well, actually that might change the

542
00:26:25,359 --> 00:26:28,159
Speaker 2: game again because your return on your money and the

543
00:26:28,240 --> 00:26:31,200
Speaker 2: money that's coming into your bank account today could literally

544
00:26:31,320 --> 00:26:33,840
Speaker 2: be working harder in the share market. But what I

545
00:26:33,960 --> 00:26:37,320
Speaker 2: can guarantee to be true is if you had an

546
00:26:37,440 --> 00:26:41,040
Speaker 2: eighteen percent credit card that you are paying down, and

547
00:26:41,240 --> 00:26:45,440
Speaker 2: you also had a shares account that's returning you nine

548
00:26:45,600 --> 00:26:49,240
Speaker 2: percent per annum, your money is going to go further

549
00:26:49,359 --> 00:26:52,639
Speaker 2: paying off that debt. That is just the maths of it.

550
00:26:52,760 --> 00:26:55,040
Speaker 2: It's not about oh it would be nice, and I

551
00:26:55,200 --> 00:26:57,280
Speaker 2: know you said, Look, I'm in my forties and I

552
00:26:57,400 --> 00:27:00,359
Speaker 2: feel like, you know, retirements getting away from me. The

553
00:27:00,560 --> 00:27:04,000
Speaker 2: best thing you can possibly do is do the numbers

554
00:27:04,080 --> 00:27:06,160
Speaker 2: and go Okay, it's not really about how I'm feeling

555
00:27:06,240 --> 00:27:09,520
Speaker 2: right now. It's about the maths. What maths. Math's harder,

556
00:27:09,600 --> 00:27:11,879
Speaker 2: so that at the end, when I'm in retirement, I

557
00:27:11,920 --> 00:27:14,640
Speaker 2: actually have more money. And more often than not, you're

558
00:27:14,680 --> 00:27:17,600
Speaker 2: going to find yourself having more money because you literally

559
00:27:18,400 --> 00:27:20,640
Speaker 2: paid off your debt quicker and they could invest more

560
00:27:20,760 --> 00:27:22,920
Speaker 2: instead of stretching that debt over a long period of

561
00:27:23,000 --> 00:27:24,960
Speaker 2: time and getting screwed with the interest rate. As soon

562
00:27:24,960 --> 00:27:27,280
Speaker 2: as we said, for the emotional toll too, that having

563
00:27:27,320 --> 00:27:30,600
Speaker 2: that debt hanging over your head can hold, especially if

564
00:27:30,800 --> 00:27:33,040
Speaker 2: it's from, as you said, a previous relationship. They just

565
00:27:33,080 --> 00:27:35,080
Speaker 2: want to get rid of it. I totally get it. Yeah,

566
00:27:35,320 --> 00:27:38,720
Speaker 2: so sorry, that's me being aggressive. Is that spooky when

567
00:27:38,760 --> 00:27:41,640
Speaker 2: I get scary? Yeah, it's giving scary. You don't.

568
00:27:42,880 --> 00:27:45,240
Speaker 3: Yeah, it's like a sleep paralyss esteem and you just

569
00:27:45,280 --> 00:27:46,840
Speaker 3: wake up a victoria standing over the bed.

570
00:27:47,440 --> 00:27:51,960
Speaker 2: Debt has me Again. I didn't mean to scare you,

571
00:27:52,640 --> 00:27:55,200
Speaker 2: but that interest rate is really scary. I wish you

572
00:27:55,280 --> 00:27:59,240
Speaker 2: were myly proless estemon. That's so nice of you guys

573
00:27:59,359 --> 00:28:02,760
Speaker 2: to think of it. He's so guy. Do you want

574
00:28:02,760 --> 00:28:06,320
Speaker 2: to talk gossip though, because oh we have a JUICYDM

575
00:28:06,400 --> 00:28:09,640
Speaker 2: that we got this week. Are you ready for this? Absolutely?

576
00:28:09,920 --> 00:28:12,359
Speaker 2: All right, high team. I've got a dilemma that's as

577
00:28:12,440 --> 00:28:15,399
Speaker 2: much about family as it is about money. My parents

578
00:28:15,480 --> 00:28:18,040
Speaker 2: gave my partner and I fifty thousand dollars for our

579
00:28:18,119 --> 00:28:20,840
Speaker 2: first home deposit, but I later found out that my

580
00:28:21,000 --> 00:28:24,320
Speaker 2: partner already had one hundred thousand dollars from an inheritance

581
00:28:24,600 --> 00:28:27,359
Speaker 2: we bought the place, and that fifty thousand dollars I

582
00:28:27,400 --> 00:28:30,720
Speaker 2: got is now sitting as out emergency fund. The thing is,

583
00:28:31,160 --> 00:28:34,320
Speaker 2: my mum is now really unwell. My parents are retired

584
00:28:34,400 --> 00:28:37,040
Speaker 2: and they're running low on cash. At the same time,

585
00:28:37,119 --> 00:28:39,560
Speaker 2: they're choosing to spend more money on a holiday they're

586
00:28:39,640 --> 00:28:42,840
Speaker 2: calling their last one. So do I give back the

587
00:28:42,880 --> 00:28:45,560
Speaker 2: fifty thousand dollars to help with bills or keep it

588
00:28:45,640 --> 00:28:48,400
Speaker 2: in case something goes wrong with the house. Our neighbors

589
00:28:48,440 --> 00:28:51,360
Speaker 2: are super dodgy and like the police are around monthly.

590
00:28:51,880 --> 00:28:55,200
Speaker 2: I feel torn between protecting our future and also letting

591
00:28:55,240 --> 00:28:58,080
Speaker 2: them live their life. What would you guys do? WHOA

592
00:28:58,360 --> 00:29:01,680
Speaker 2: give the money back? Sorry, I don't know. That's okay,

593
00:29:01,760 --> 00:29:04,480
Speaker 2: That's exactly how I felt immediately. Okay, That's what I've heard,

594
00:29:04,560 --> 00:29:06,160
Speaker 2: but then I was also like, oh, okay, Like.

595
00:29:07,520 --> 00:29:10,480
Speaker 4: I don't feel like on paper like we're removing emotions.

596
00:29:10,840 --> 00:29:17,200
Speaker 4: We're removing everything except for written word on paper and

597
00:29:17,360 --> 00:29:21,600
Speaker 4: so in that situation, but I'm taking all emotion everything

598
00:29:21,600 --> 00:29:21,880
Speaker 4: out of it.

599
00:29:21,960 --> 00:29:24,920
Speaker 2: I'm thinking like, huh, it would.

600
00:29:24,720 --> 00:29:26,840
Speaker 4: Be a nice thing to do to give the money back,

601
00:29:26,880 --> 00:29:27,760
Speaker 4: but it's not essential.

602
00:29:27,880 --> 00:29:30,080
Speaker 2: You don't need to do that. And it's almost like,

603
00:29:30,640 --> 00:29:33,600
Speaker 2: but I just think, like as soon as they said

604
00:29:34,080 --> 00:29:37,240
Speaker 2: my mum is sick, I'm like, what, Yeah.

605
00:29:37,320 --> 00:29:39,840
Speaker 4: I'm throwing that money back if I couldn't afford it,

606
00:29:40,000 --> 00:29:43,000
Speaker 4: because I feel like if someone gave me that money

607
00:29:43,120 --> 00:29:44,880
Speaker 4: and I it would be gone by now.

608
00:29:44,960 --> 00:29:47,000
Speaker 2: For sure. I actually couldn't afford to give it back.

609
00:29:47,040 --> 00:29:49,800
Speaker 4: But if I still had it and other money and

610
00:29:49,880 --> 00:29:53,440
Speaker 4: I wasn't like really struggling, If I was really struggling

611
00:29:53,440 --> 00:29:55,040
Speaker 4: and I still had it, I would give at least

612
00:29:55,280 --> 00:29:57,040
Speaker 4: majority of it back. I'd be like, Okay, I'll keep

613
00:29:57,080 --> 00:30:00,360
Speaker 4: like ten k for myself because I'm also struggling over here.

614
00:30:00,680 --> 00:30:03,000
Speaker 4: If everyone was like okay with that, you know, all

615
00:30:03,080 --> 00:30:05,640
Speaker 4: that stuff, I may make sure it's okay, but I

616
00:30:05,760 --> 00:30:08,520
Speaker 4: would not think twice I'm giving that money back.

617
00:30:08,680 --> 00:30:09,800
Speaker 2: Yeah, I totally agree.

618
00:30:09,880 --> 00:30:13,280
Speaker 3: I think that, Yes, I understand that maybe the holiday

619
00:30:13,360 --> 00:30:16,640
Speaker 3: thing is potentially throwing our listener, And I would say, like,

620
00:30:16,760 --> 00:30:19,320
Speaker 3: my best sense on that is probably if you're saying

621
00:30:19,360 --> 00:30:22,080
Speaker 3: your mum is really ill, it might be like an

622
00:30:22,240 --> 00:30:24,800
Speaker 3: end of life. That sounds really morbid, but it might be,

623
00:30:25,240 --> 00:30:28,000
Speaker 3: you know, this is my last opportunity to go away

624
00:30:28,040 --> 00:30:30,360
Speaker 3: with my husband, to do the things that we always

625
00:30:30,360 --> 00:30:32,640
Speaker 3: said we were going to do, because now she's confronted

626
00:30:32,680 --> 00:30:35,880
Speaker 3: with her mortality. You know, it truly might be they're

627
00:30:35,880 --> 00:30:39,400
Speaker 3: saying their last holiday, their last hurrah, which is a

628
00:30:39,520 --> 00:30:42,800
Speaker 3: really sad concept. But I can understand how you might

629
00:30:42,840 --> 00:30:44,240
Speaker 3: look at and go, oh, well, they're spending money on

630
00:30:44,320 --> 00:30:46,560
Speaker 3: a holiday, so I can't be that down bad. But

631
00:30:46,640 --> 00:30:49,000
Speaker 3: I think like, if you look at it from that perspective,

632
00:30:49,760 --> 00:30:52,720
Speaker 3: you know, I really can understand it. Oh yeah, you know,

633
00:30:52,840 --> 00:30:56,920
Speaker 3: wanting one last great memory before whatever illness it is

634
00:30:57,000 --> 00:30:59,600
Speaker 3: that she's struggling with potentially becomes a lot.

635
00:30:59,480 --> 00:31:01,960
Speaker 2: More difficul to manage. I agree.

636
00:31:02,000 --> 00:31:04,560
Speaker 3: I think, to me, there's no question if someone I

637
00:31:04,640 --> 00:31:06,440
Speaker 3: loved needed help and it was within my means to

638
00:31:06,440 --> 00:31:08,920
Speaker 3: give it to them, why would I not You know,

639
00:31:09,080 --> 00:31:12,479
Speaker 3: I understand wanting to protect yourselves and look after yourselves,

640
00:31:12,520 --> 00:31:14,240
Speaker 3: and as you said, if you had spent the money,

641
00:31:14,240 --> 00:31:16,360
Speaker 3: I think it would be a different story. But knowing

642
00:31:16,400 --> 00:31:19,280
Speaker 3: that it's just sitting in a bank account, yes, obviously

643
00:31:19,320 --> 00:31:21,400
Speaker 3: it's working hard for you. It's your emergency fund, which

644
00:31:21,400 --> 00:31:24,080
Speaker 3: we do say is very very important. But for me,

645
00:31:24,200 --> 00:31:26,720
Speaker 3: it really comes down to just such a simple thing

646
00:31:26,800 --> 00:31:28,959
Speaker 3: of if I can help somebody that I love, why

647
00:31:29,000 --> 00:31:30,960
Speaker 3: would I not, you know, And I think, as you said,

648
00:31:31,000 --> 00:31:32,880
Speaker 3: great idea, perhaps keep a little bit of it so

649
00:31:32,960 --> 00:31:36,840
Speaker 3: you don't have no emergency fund. But yeah, to me,

650
00:31:36,920 --> 00:31:39,480
Speaker 3: it's quite black and white, and I'm trying to look

651
00:31:39,520 --> 00:31:42,160
Speaker 3: at the nuance and I'm trying to Devil's advocate it.

652
00:31:42,240 --> 00:31:46,000
Speaker 3: And you know, I totally understand that you also have

653
00:31:46,120 --> 00:31:49,040
Speaker 3: yourselves and your own family to think about, but they

654
00:31:49,120 --> 00:31:51,760
Speaker 3: gave you that gift out of love, which they didn't

655
00:31:51,800 --> 00:31:53,280
Speaker 3: have to do, and I would like to think that

656
00:31:54,000 --> 00:31:56,480
Speaker 3: love would mean that you would want to do whatever you.

657
00:31:56,520 --> 00:31:59,920
Speaker 2: Could as well. Yeah, And I feel like there's two

658
00:32:00,200 --> 00:32:03,440
Speaker 2: sides to this coin, right, Like keeping the money honors

659
00:32:03,480 --> 00:32:06,720
Speaker 2: the intention that your parents gave it to you with,

660
00:32:07,080 --> 00:32:09,280
Speaker 2: which is setting you up and making sure that you're

661
00:32:09,320 --> 00:32:12,280
Speaker 2: financially secure, and your parents probably feel really good about

662
00:32:12,320 --> 00:32:14,560
Speaker 2: that decision because they're like, oh my god, look what

663
00:32:14,680 --> 00:32:17,040
Speaker 2: we did. Like you know, they don't know, or I

664
00:32:17,080 --> 00:32:19,480
Speaker 2: don't know if they know, but like the semantics around

665
00:32:19,880 --> 00:32:22,440
Speaker 2: your partner having an inheritance and the fifty thousand dollars,

666
00:32:22,480 --> 00:32:24,320
Speaker 2: like they really think that they helped you get into

667
00:32:24,360 --> 00:32:27,120
Speaker 2: your first home and that's really really beautiful. On the

668
00:32:27,200 --> 00:32:30,960
Speaker 2: flip side, if my parents were struggling, I would backflip,

669
00:32:31,040 --> 00:32:33,440
Speaker 2: you can have all my money. That's what do you need.

670
00:32:33,720 --> 00:32:36,080
Speaker 2: Like that's just who I am as a person. And

671
00:32:36,160 --> 00:32:38,600
Speaker 2: that's not me going oh I'm so good. It's just

672
00:32:39,760 --> 00:32:42,800
Speaker 2: I see money as something that comes and goes. And yes,

673
00:32:43,080 --> 00:32:46,360
Speaker 2: I would love to still have an emergency fund, but like,

674
00:32:46,480 --> 00:32:48,640
Speaker 2: to me, that's an emergency, is it not like my

675
00:32:48,720 --> 00:32:52,640
Speaker 2: mom's sick? Totally Like to me, that's what an emergency

676
00:32:52,680 --> 00:32:56,920
Speaker 2: fund is for. On the flip side, I would love

677
00:32:57,360 --> 00:32:59,080
Speaker 2: for this listener to have a think about, like, well,

678
00:32:59,160 --> 00:33:01,600
Speaker 2: what does an emergency fund to actually look like, because like,

679
00:33:01,720 --> 00:33:04,840
Speaker 2: holy boacamole, you are so young. Fifty grand in an

680
00:33:04,840 --> 00:33:08,440
Speaker 2: emergency fund, like that's a lot, Like most people do

681
00:33:08,600 --> 00:33:10,920
Speaker 2: not have access to that. Like, don't get me wrong,

682
00:33:10,960 --> 00:33:12,520
Speaker 2: I'm not saying that we need to go back to

683
00:33:12,680 --> 00:33:15,960
Speaker 2: exactly averages because we know that the average Australian, due

684
00:33:15,960 --> 00:33:21,000
Speaker 2: to Westpac data, cannot access five hundred dollars in an emergency.

685
00:33:21,840 --> 00:33:24,520
Speaker 2: So it's like two thirds of Australians can't access five

686
00:33:24,560 --> 00:33:26,200
Speaker 2: hundred dollars in an emergency. It doesn't mean that you

687
00:33:26,280 --> 00:33:29,440
Speaker 2: need to go back to that, but like twenty thousand

688
00:33:29,440 --> 00:33:31,920
Speaker 2: dollars might take the pressure off. But also, sorry, zoom out.

689
00:33:31,960 --> 00:33:35,120
Speaker 2: Have you spoken to your parents? Are they just stress heads?

690
00:33:35,280 --> 00:33:37,160
Speaker 2: Like and this is just me extrapolating this out, they

691
00:33:37,240 --> 00:33:40,440
Speaker 2: stress heads around money and just like oh my god,

692
00:33:40,560 --> 00:33:43,320
Speaker 2: everything's so expensive, like the hospital bills, they're this, they're that,

693
00:33:43,440 --> 00:33:46,360
Speaker 2: But they actually have a nice retirement fund. But they're

694
00:33:46,520 --> 00:33:49,120
Speaker 2: just a bit frugal about money. And this narrative is

695
00:33:49,160 --> 00:33:51,640
Speaker 2: coming out. Have you spoken to them and you're like,

696
00:33:51,720 --> 00:33:53,400
Speaker 2: oh my god, hey, I don't know if you know this,

697
00:33:53,520 --> 00:33:55,400
Speaker 2: but that money that you gave us, Like I know

698
00:33:55,520 --> 00:33:58,160
Speaker 2: that you said it was an early inheritance, but it's

699
00:33:58,240 --> 00:34:00,560
Speaker 2: just sitting in that account. We really don't do you

700
00:34:00,680 --> 00:34:03,520
Speaker 2: need it back? Like, have a conversation with your parents,

701
00:34:03,560 --> 00:34:06,120
Speaker 2: I can always guarantee they'll say no, but like maybe

702
00:34:06,160 --> 00:34:09,000
Speaker 2: they'll be like, oh, actually, could we borrow x amount

703
00:34:09,160 --> 00:34:11,560
Speaker 2: of it? Like we will return it or whatever. Like

704
00:34:11,640 --> 00:34:13,880
Speaker 2: I don't know what that narrative looks like. But for

705
00:34:14,040 --> 00:34:18,239
Speaker 2: me in my situation, if my parents needed my last dollar,

706
00:34:18,239 --> 00:34:19,960
Speaker 2: I don't know, Well, it's this like yeah, and I'm

707
00:34:20,000 --> 00:34:22,120
Speaker 2: not saying that that's right for everybody else, because like

708
00:34:22,520 --> 00:34:26,440
Speaker 2: I have friends who have terrible relationships with their parents,

709
00:34:26,480 --> 00:34:28,600
Speaker 2: and if their parents were like, hey, have you got

710
00:34:28,640 --> 00:34:30,719
Speaker 2: ten bucks, they'd be like, get in the bin. Yeah,

711
00:34:30,920 --> 00:34:34,080
Speaker 2: And that's totally okay too, Like that is so fine.

712
00:34:34,160 --> 00:34:35,840
Speaker 2: I'm not saying that this is a right or a

713
00:34:35,920 --> 00:34:39,440
Speaker 2: wrong situation. I think it's like your family nuance, Like

714
00:34:39,600 --> 00:34:41,040
Speaker 2: you've got to read into that, and I can't tell

715
00:34:41,040 --> 00:34:42,880
Speaker 2: you what's right. Like at the start of her dilemma,

716
00:34:42,920 --> 00:34:44,719
Speaker 2: she's like, this is a family thing as much as

717
00:34:44,760 --> 00:34:47,480
Speaker 2: it's a money thing, and like my family structure is

718
00:34:47,520 --> 00:34:50,000
Speaker 2: different from yours, Beck, it's different from yours, Jess, Like

719
00:34:50,760 --> 00:34:53,359
Speaker 2: it doesn't really matter. It's not about being a kind

720
00:34:53,440 --> 00:34:55,600
Speaker 2: and generous person. It's just like that's how my family

721
00:34:55,680 --> 00:34:58,240
Speaker 2: dynamic works. Yeah, And so I think that's worth pointing

722
00:34:58,280 --> 00:34:59,759
Speaker 2: out as well, because I'm not saying you're not being

723
00:35:00,320 --> 00:35:02,120
Speaker 2: I'm not saying you're not being kind if you kept it,

724
00:35:02,200 --> 00:35:04,200
Speaker 2: do you know what I mean? Totally yeah, I don't know.

725
00:35:04,960 --> 00:35:07,040
Speaker 2: But we also asked the community, and this is one

726
00:35:07,080 --> 00:35:08,600
Speaker 2: of those ones where I'm like, I'm glad we asked

727
00:35:08,600 --> 00:35:11,080
Speaker 2: the community because I need help answering this because again,

728
00:35:11,840 --> 00:35:15,200
Speaker 2: you said it best, yes, and like I was chomping

729
00:35:15,200 --> 00:35:17,719
Speaker 2: at the bit a butt in, but I'm such a

730
00:35:17,800 --> 00:35:21,200
Speaker 2: black and white person and it is to my own detriment,

731
00:35:21,760 --> 00:35:26,080
Speaker 2: like I am like right and wrong. And then beck

732
00:35:26,120 --> 00:35:28,320
Speaker 2: I would say, you're the best at this. You're like

733
00:35:28,800 --> 00:35:31,160
Speaker 2: able to live in that gray area, like you're like,

734
00:35:31,280 --> 00:35:34,279
Speaker 2: oh well in some cases, and I'm just like, oh no,

735
00:35:34,600 --> 00:35:37,560
Speaker 2: like I just that's wrong. I can't do it, Like

736
00:35:38,040 --> 00:35:40,960
Speaker 2: I'm just so down the line. And that has been

737
00:35:41,360 --> 00:35:43,320
Speaker 2: for a lot of my life to my own detriment

738
00:35:43,400 --> 00:35:47,239
Speaker 2: because I just can't see sometimes like the nuance of

739
00:35:47,320 --> 00:35:50,440
Speaker 2: a situation or accept it. And so I'm glad that

740
00:35:50,480 --> 00:35:52,839
Speaker 2: we got the community's opinion because I was like, thank

741
00:35:52,880 --> 00:35:55,960
Speaker 2: you for being my grace base. So we first asked,

742
00:35:56,280 --> 00:35:58,360
Speaker 2: have you ever received money like this from a parent,

743
00:35:58,520 --> 00:36:00,280
Speaker 2: and I don't think anyone is going to be surprise.

744
00:36:00,360 --> 00:36:03,239
Speaker 2: But seventy percent he said no, absolutely not. Twenty eight

745
00:36:03,239 --> 00:36:05,480
Speaker 2: percent of you said yes and they were okay, and

746
00:36:05,560 --> 00:36:07,920
Speaker 2: then three percent of you said yes and then they

747
00:36:08,000 --> 00:36:11,279
Speaker 2: struggled after okay. So it's like it's not just our list.

748
00:36:11,320 --> 00:36:11,880
Speaker 1: No, no, no.

749
00:36:12,239 --> 00:36:14,120
Speaker 2: And then I asked, well, what would you do in

750
00:36:14,200 --> 00:36:16,920
Speaker 2: this situation, and fifty nine percent of you said, look,

751
00:36:16,920 --> 00:36:19,879
Speaker 2: I'd be trying to find a middle ground. Thirty five

752
00:36:19,960 --> 00:36:22,440
Speaker 2: percent said I'd be giving the fifty k back they

753
00:36:22,560 --> 00:36:24,960
Speaker 2: need it, and then six percent said I'd keep it.

754
00:36:25,000 --> 00:36:28,080
Speaker 2: It was a gift. Yeah. Now we then obviously went

755
00:36:28,200 --> 00:36:30,840
Speaker 2: in and I said, well, give me your two cents.

756
00:36:32,040 --> 00:36:37,200
Speaker 2: First person, talk to them, as Jess would say, the

757
00:36:37,320 --> 00:36:42,560
Speaker 2: key is communication. Is anybody surprised? Next person said, does

758
00:36:42,600 --> 00:36:45,200
Speaker 2: it have to be all or nothing? Surely you could

759
00:36:45,239 --> 00:36:49,600
Speaker 2: negotiate a part. Next person said, pay a reoccurring bill

760
00:36:49,719 --> 00:36:51,960
Speaker 2: for them, take some pressure off by paying their rent

761
00:36:52,040 --> 00:36:54,439
Speaker 2: or rates, or body corporate for them to help out,

762
00:36:54,600 --> 00:36:56,560
Speaker 2: so that it could ease the pressure. It's a great

763
00:36:56,600 --> 00:36:59,439
Speaker 2: middle ground. Yeah. Another person said, I think the guilt

764
00:36:59,440 --> 00:37:02,120
Speaker 2: would eat you up. They probably wouldn't accept the whole

765
00:37:02,160 --> 00:37:06,000
Speaker 2: amount back anyway. Yeah, yeah, totally. Another person said I'd

766
00:37:06,080 --> 00:37:08,960
Speaker 2: offer to contribute to the holiday in a really significant way.

767
00:37:10,360 --> 00:37:13,440
Speaker 2: I'm like, hey, yeah, actually, can we like make this

768
00:37:13,560 --> 00:37:15,279
Speaker 2: really special for you and pay for your flights and

769
00:37:15,280 --> 00:37:18,359
Speaker 2: accommodation or something. Someone else said this, and I think

770
00:37:18,440 --> 00:37:21,719
Speaker 2: this was really smart. Why is your fifty k in

771
00:37:21,800 --> 00:37:25,720
Speaker 2: the emergency fund not his? Because he contributed one hundred

772
00:37:25,760 --> 00:37:29,120
Speaker 2: thousand dollars and then you contributed fifty thousand dollars, but

773
00:37:29,200 --> 00:37:31,520
Speaker 2: your fifty thousand dollars was the emergency fund instead of

774
00:37:31,560 --> 00:37:33,920
Speaker 2: doing fifty thousand dollars each and then he fifty thousand

775
00:37:33,960 --> 00:37:36,760
Speaker 2: in the emergency fund. I'm assuming they just fully share finances,

776
00:37:36,800 --> 00:37:40,200
Speaker 2: so it's like their money. Yeah, I agreed. Like, if

777
00:37:40,320 --> 00:37:43,000
Speaker 2: my husband and I were gifted money from my parents,

778
00:37:43,600 --> 00:37:46,799
Speaker 2: it came into our account, it would be our funds. Yeah,

779
00:37:47,000 --> 00:37:49,960
Speaker 2: so see, does that make sense? Yeah? So like that's

780
00:37:50,239 --> 00:37:52,480
Speaker 2: just the assumption that I would. Sure. Yeah, And like

781
00:37:52,640 --> 00:37:54,880
Speaker 2: even when and I'm not saying this is just like

782
00:37:55,040 --> 00:37:56,920
Speaker 2: nuance because you guys are pervy and so am I,

783
00:37:57,080 --> 00:37:59,080
Speaker 2: but even when my husband and I were saving for

784
00:37:59,200 --> 00:38:02,120
Speaker 2: our first time home, we both were on very different

785
00:38:02,200 --> 00:38:04,239
Speaker 2: incomes and salaries. By the way, it was me who

786
00:38:04,360 --> 00:38:06,279
Speaker 2: was the really low income earner at that point in

787
00:38:06,360 --> 00:38:09,600
Speaker 2: our life, and Steve had a significantly bigger house deposit

788
00:38:09,680 --> 00:38:12,920
Speaker 2: than me. The answer was actually like, well, actually it's

789
00:38:12,960 --> 00:38:15,520
Speaker 2: our money. That's fine, Like, I know, I've contributed more

790
00:38:15,719 --> 00:38:18,359
Speaker 2: and now like the narrative has obviously shifted and I'm

791
00:38:18,400 --> 00:38:21,560
Speaker 2: that bread winner in that relationship. But like we never

792
00:38:21,640 --> 00:38:25,080
Speaker 2: really saw it as like Steve contributing, you know, for example,

793
00:38:25,120 --> 00:38:28,040
Speaker 2: one hundred thousand dollars and me contributing fifty. Sure, so

794
00:38:28,239 --> 00:38:32,239
Speaker 2: like maybe, yes, maybe it's really split financewers. Again, money

795
00:38:32,280 --> 00:38:36,160
Speaker 2: has so much nuance. The next person said, you've hopefully

796
00:38:36,239 --> 00:38:39,040
Speaker 2: had a few years benefiting from that fifty thousand dollars

797
00:38:39,120 --> 00:38:41,839
Speaker 2: being in an offset account, saved interest. You could give

798
00:38:41,880 --> 00:38:45,120
Speaker 2: it back happily. Another person said, book a family trip

799
00:38:45,160 --> 00:38:47,040
Speaker 2: together with the money and spend time with your sick

800
00:38:47,120 --> 00:38:51,000
Speaker 2: mum before you're not able to any like that idea. Yeah, yeah,

801
00:38:51,040 --> 00:38:53,279
Speaker 2: gate crash their holiday. Well if they if that's something

802
00:38:53,280 --> 00:38:55,120
Speaker 2: that they would want. I think if I was like

803
00:38:55,520 --> 00:38:57,600
Speaker 2: talking to my parents and they're like, you know, obviously,

804
00:38:57,680 --> 00:39:00,239
Speaker 2: the nuance of this conversation is different. But if my

805
00:39:00,320 --> 00:39:01,799
Speaker 2: parents were like, yeah, we're going to go on this big,

806
00:39:01,800 --> 00:39:04,839
Speaker 2: beautiful holiday and I'll be like, oh, we're coming, they'd

807
00:39:04,880 --> 00:39:10,440
Speaker 2: be like please, no kids. No kids. Like I'd be like,

808
00:39:10,560 --> 00:39:12,680
Speaker 2: isn't it all inclusive? If you take your dad on

809
00:39:12,719 --> 00:39:19,240
Speaker 2: a holiday works anyway. That is the commentary from the community,

810
00:39:19,520 --> 00:39:21,160
Speaker 2: and I feel like that's a really good place to

811
00:39:21,239 --> 00:39:25,040
Speaker 2: leave it. Unfortunately, communication is key, Jessica, That's it. And

812
00:39:25,120 --> 00:39:27,880
Speaker 2: it goes back to talking to your parents about this,

813
00:39:28,040 --> 00:39:30,360
Speaker 2: I think, and then even talking to your partner. Have

814
00:39:30,520 --> 00:39:33,040
Speaker 2: you had those conversations about how they feel and what

815
00:39:33,160 --> 00:39:35,480
Speaker 2: that looks like, because you're right, you didn't come this

816
00:39:35,600 --> 00:39:37,919
Speaker 2: far buy a house to then go back to having

817
00:39:38,080 --> 00:39:42,040
Speaker 2: absolutely no money, But what could it look like totally anyway,

818
00:39:42,320 --> 00:39:46,399
Speaker 2: have a very spooky season. I'm hoping that money isn't

819
00:39:46,440 --> 00:39:48,560
Speaker 2: as scary for a lot of you by this point

820
00:39:48,600 --> 00:39:50,440
Speaker 2: in the year. If it is, we're still here, we're

821
00:39:50,480 --> 00:39:52,480
Speaker 2: still vibing, and we'd see a lot of content coming

822
00:39:52,520 --> 00:39:54,200
Speaker 2: out over the next few months. Do we get there,

823
00:39:54,360 --> 00:39:56,840
Speaker 2: We'll see you next week. Guys. Bye, guys bye.

824
00:40:03,680 --> 00:40:06,200
Speaker 5: The advice shared on She's on the Money is general

825
00:40:06,280 --> 00:40:10,080
Speaker 5: in nature, and does not consider your individual circumstances. She's

826
00:40:10,160 --> 00:40:13,560
Speaker 5: on the Money exists purely for educational purposes and should

827
00:40:13,640 --> 00:40:16,800
Speaker 5: not be relied upon to make an investment or financial decision.

828
00:40:17,200 --> 00:40:19,640
Speaker 5: If you do choose to buy a financial product, read

829
00:40:19,680 --> 00:40:23,239
Speaker 5: the PDS TMD and obtain appropriate financial advice.

830
00:40:23,040 --> 00:40:24,360
Speaker 2: Tailored towards your needs.

831
00:40:24,760 --> 00:40:28,640
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

832
00:40:28,760 --> 00:40:29,160
Speaker 5: of money.

833
00:40:29,200 --> 00:40:30,760
Speaker 2: Sheper pty Ltd

834
00:40:31,040 --> 00:40:34,479
Speaker 5: ABN three two one six four nine two seven seven

835
00:40:34,640 --> 00:40:38,080
Speaker 5: zero eight AFSL four five one two eight nine