Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money.
Speaker 3: She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money, the podcast
Speaker 2: that makes personal finance fun, especially on Fridays. It is
Speaker 2: our favorite day of the week this week because we
Speaker 2: get the team together and celebrate you our incredible She's
Speaker 2: on the Money community. Today, Miss Jessica Ricci is going
Speaker 2: to be sharing her favorite money wins. Miss Becks say
Speaker 2: Ed is going to be sharing her favorite brook tips.
Speaker 2: We're going to be helping to answer a juicy money dilemma,
Speaker 2: which this week is all about whether you have to
Speaker 2: tell your bank if you move and start renting out
Speaker 2: your home, and we unpack something that you slid into
Speaker 2: our DMS about what happens to the money you've already
Speaker 2: paid when you drop out of the bridal party.
Speaker 3: Wedding stars away so juicy.
Speaker 2: So we've got a lot of opinions, and if anybody
Speaker 2: follows me on social media, you already know my opinions.
Speaker 2: But let's get straight into it. This week we got
Speaker 2: a few new five star reviews. Miss Beggs say, ed,
Speaker 2: could you share with us the five star review you
Speaker 2: picked out to read on the show.
Speaker 4: This one comes from Fiona. She says, I absolutely love
Speaker 4: she has the money, educational, empowering and fun. Is amazing
Speaker 4: at explaining finance in a non judgmental and very consistent way.
Speaker 4: The co hosts are so fun and great. If you're
Speaker 4: not listening, you should be and you won't regret it.
Speaker 3: Part Let's be honest. I love that.
Speaker 2: I love that. This is just like a boost the
Speaker 2: team's ego session before we do the Friday episode and
Speaker 2: I am so here for it. Jess, what have you
Speaker 2: picked out this week?
Speaker 5: I've got one from Chu Kwan who said I found
Speaker 5: this one incidentally and I'm now hooked onto. It so relatable,
Speaker 5: very helpful, supportive and informative podcast about money by women
Speaker 5: for women, presented in a fun and enjoyable format.
Speaker 2: I love that we make it's fun, which is something
Speaker 2: that I never thought I would say, Like, let's be honest,
Speaker 2: go back like ten years, hey e, you're going to
Speaker 2: work in finance and you're gonna make it fun. I'd
Speaker 2: be like, I can't think of anything worse. So thank
Speaker 2: you anyway, look at us now, now all right, I
Speaker 2: have one and it is from Fari. So Fari has
Speaker 2: said I have bingeen to. She's on the Money podcasts
Speaker 2: for years now, and it keeps me consistently coming back.
Speaker 2: Victoria is truly passionate about financial literacy, and every word
Speaker 2: she utters sounds genuine. It is sometimes unhinged. I love
Speaker 2: Jessie humor and independent thoughts. Bex liight bulb moments are
Speaker 2: the cutest. The diversity of the interviews is a very
Speaker 2: strong point. I'm not ashamed to admit that your podcast
Speaker 2: and books have changed my life. Fee keep up the
Speaker 2: great work, ladies, and thank you for your weekly shows.
Speaker 2: Oh my god, that's a cute, sweet little bold moments.
Speaker 2: But it's so true, Like my One of my favorite
Speaker 2: things about this show is when I'm explaining something in
Speaker 2: a deep dipe tune, you go, oh, yes, so you
Speaker 2: get it.
Speaker 3: Yeah, yeah, yeah, because.
Speaker 2: We all knew that you didn't read the script before
Speaker 2: we record it, absolutely not.
Speaker 3: Was it in your inbox?
Speaker 2: Yes? Yes, did you read it? No? But I mean, yollow,
Speaker 2: you do what you can do.
Speaker 3: I just want I just want to hear it from
Speaker 3: the horse's mouth.
Speaker 2: That's that's fair.
Speaker 3: That's fair.
Speaker 2: And Jess, I mean, someone thinks so funny. I will
Speaker 2: take you that because I say to you guys all.
Speaker 5: You're like, I'm not funny. I can't say funny. I'm
Speaker 5: not a funny person, so that are always funny. But
Speaker 5: that just made it. This can be the woman fuzzy,
Speaker 5: easy guy.
Speaker 2: I think it's so funny. And I didn't point out, oh,
Speaker 2: someone thinks it funny, Jess, because I'm being mean. I'm
Speaker 2: literally like, Jess always says I'm not funny because I'm
Speaker 2: always like, why are you so funny? In the background,
Speaker 2: she'll say stuffy. She's a bit more reserved on the
Speaker 2: show because she's like, oh, I don't want to seem silly. Jess,
Speaker 2: just crack her. She is like, she's a silly goose. Yeah,
Speaker 2: she actually a silly goose. All right, Jess, what have
Speaker 2: you got when it comes to money wins and convensions
Speaker 2: from the community this week?
Speaker 5: There were so many good ones this week on the thread.
Speaker 5: You guys, you should definitely if anyone's listening and it
Speaker 5: hasn't read it, you should go have a look because
Speaker 5: I have so many that I screenshoted it. I'm going
Speaker 5: to like rapid fire.
Speaker 3: Right, what have we got?
Speaker 5: Firstly, I've got one from Chantelle said money win. Last week,
Speaker 5: I took up uber each having on the weekends when
Speaker 5: my kids are with their dad, so it can stop
Speaker 5: myself from doing the social media doom scroll and get
Speaker 5: out of the crappy dating scene.
Speaker 3: We've been there.
Speaker 5: And she said, Plus, I'm saving the money to get
Speaker 5: my kids to Fiji next year to.
Speaker 3: Celebrate me turning forty.
Speaker 5: Queen behavior and I love I always forget that you
Speaker 5: can just pick up like an uber e it's or
Speaker 5: something like if times are tough, it's not a commitment, right,
Speaker 5: like you just do it when it.
Speaker 2: Suits, And like, how good that you've got some flexibility.
Speaker 2: I know that like obviously most people don't go into
Speaker 2: a relationship have a kid with the idea that you'll
Speaker 2: co parent one day. But like, I love the idea
Speaker 2: that you're using the time where your kids are away
Speaker 2: to really help you financially and put you in the
Speaker 2: best possible position because it means that when your kids
Speaker 2: with you, you can spend more quality time with them. Like,
Speaker 2: isn't that cute?
Speaker 5: Yeah, chantale. Next, I've got one from Riley who said
Speaker 5: money win. We did our frozen embryo transfer and paid
Speaker 5: one nine hundred and eighty five dollars out of pocket,
Speaker 5: but turns out we got one thousand, six hundred and
Speaker 5: forty two dollars back thanks to Medicare redates.
Speaker 2: Cool, but it really so cheap.
Speaker 3: I didn't realize.
Speaker 5: I mean, I'm sure there's probably lots of other bits
Speaker 5: and pieces she had to do and pay. Sure, but
Speaker 5: that's a great thing from rebates. I didn't realize it
Speaker 5: was such a significant coverage.
Speaker 2: Also sending all of the sticky baby love. Yes, that
Speaker 2: is a very sticky baby.
Speaker 3: One hundred percent.
Speaker 5: Next, I've got a money went from Sarah who said,
Speaker 5: I'm in love with the Stanley Cup aesthetic, but I'm
Speaker 5: terrible with drink bottles and didn't want to waste the
Speaker 5: money if I ended up hating it, and she hashtagged
Speaker 5: I don't even know how to say AUDHD life like AUDHD,
Speaker 5: life like.
Speaker 3: The combo.
Speaker 2: Yeah, and also hashtag drink goblin, which made me giggle.
Speaker 2: You're a drink goblin, aren't you? Jess? Absolutely, I just
Speaker 2: has her Stanley cup and like it's a full aesthetic
Speaker 2: like last year for Christmas, Jess bought me because I
Speaker 2: also have a Stanley cup. Just bought me a little
Speaker 2: like gadget that goes on the top of my Stanley
Speaker 2: cup that I can keep my snacks in.
Speaker 6: Yeah.
Speaker 3: Oh, that's it's really so cute. Not drinking.
Speaker 2: Water, she is a hydrated.
Speaker 3: But Sarah said she got a dup from kmart.
Speaker 5: It was only fifteen dollars and she's in her hot
Speaker 5: car all day.
Speaker 3: She loved it.
Speaker 5: It still had icy in it twenty four hours after
Speaker 5: feeling it. Oh wow, So if you don't feel like
Speaker 5: dropping what is that like sixty bucks or something on
Speaker 5: a Stanley more.
Speaker 2: Than sixty our Oh and also like we just needed
Speaker 2: to wait a little bit of time, and then Camart
Speaker 2: came through with the.
Speaker 3: Goods Like I saw those I'm always in Kmart.
Speaker 2: I didn't buy it because I was like, I already
Speaker 2: have one, but I was looking at them. They're identical,
Speaker 2: except they just don't have the logo, like someone is
Speaker 2: mass producing them and importing them and like I'm here
Speaker 2: for it.
Speaker 5: Yeah, fifteen dollars, you can't go wrong. Next, I've got
Speaker 5: money in from Danielle, who said she was preparing for
Speaker 5: Matt leave and she read a comment on an old
Speaker 5: Facebook post in a group that said to contact your
Speaker 5: super fund because they might be able to pause the
Speaker 5: fees for the period that you're on materially. So she
Speaker 5: checked in with her super fund and turns out they do,
Speaker 5: in fact do it. She just needed her work to
Speaker 5: do some paperwork for her. But she's really happy because
Speaker 5: her super was about to crack one hundred K and
Speaker 5: didn't want to slip back under with fees while she's
Speaker 5: not with Cool.
Speaker 3: So you go. If you're going on Matt Lee.
Speaker 2: I love that. Also, maybe start talking to your partner
Speaker 2: if you have a partner and you're going through the
Speaker 2: you know, Matt Leave journey, about splitting some super ross
Speaker 2: into your account so that you don't go backwards. Yes,
Speaker 2: that could be a very attractive conversation. Absolutely could be funny.
Speaker 3: We love to see it.
Speaker 5: Next, I've got a money in from Natasha, who said,
Speaker 5: because it's officially Christmas season, Queen, I've been looking for
Speaker 5: a big bow to go on my front door.
Speaker 3: Which this is a very.
Speaker 2: Like this is in your area. But also this is
Speaker 2: so relevant because Jess, I've been sending you videos of
Speaker 2: people decorating their houses and putting bows on their doors
Speaker 2: on every platform. I see this Instagram video, see this
Speaker 2: TikTok video or YouTube shorts. Hey, Jess, look at this
Speaker 2: video of people putting bows on things.
Speaker 5: Everything in my house will in fact be covered with bows.
Speaker 5: And Natasha said she originally was looking for the big
Speaker 5: red door ones you guy's probably seen. They're like forty
Speaker 5: five to seventy dollars on Amazon, and then she went
Speaker 5: to the rejection and they had the same style for.
Speaker 2: Twenty ducks And you're going to put one on your door?
Speaker 3: I think, so front door.
Speaker 5: I feel like it's very cute. It is cute too,
Speaker 5: It's like your house of the present. Yeah, okay, and
Speaker 5: maybe not, that's maybe not.
Speaker 3: What the vibe is.
Speaker 2: That's yeah, you like wrap your front door. It's really cute.
Speaker 5: I did, in fact put a picture in the group
Speaker 5: so you can see the Musuman for you.
Speaker 3: Oh God like that.
Speaker 2: Oh that's very cute. The door is in and it's
Speaker 2: like chul as well. It looks like one of the
Speaker 2: really nice ones. It is really expensive. Because I was
Speaker 2: at Spotlight the other day because I am actually in
Speaker 2: my like home crafting era. Of course, I didn't realize
Speaker 2: this was going to come back out because like when
Speaker 2: I was younger, I used to do a lot of
Speaker 2: like I was really cool, so just debating, of course,
Speaker 2: stating team captain, did athletics, all of those things. But
Speaker 2: I used to when I was sixteen be really into embroidery,
Speaker 2: so I'd make lots of things. And now I have
Speaker 2: a baby and it's coming into Christmas season, I'm like,
Speaker 2: oh my god, like I want to make him everything.
Speaker 2: So I'm currently making him a Santa sac and like
Speaker 2: I'm embroidering a couple of like T shirts for Christmas,
Speaker 2: so he's got like little Christmas T shirts. Like I
Speaker 2: just I have this overwhelming urge to make things for
Speaker 2: my child and decorate my house more obnoxiously than I
Speaker 2: ever have before, but chill at spotlight incredibly expensive, so
Speaker 2: that's actually a really good deal to they go.
Speaker 5: I'm exad to see how all your little crafties turn out.
Speaker 5: I can't wait.
Speaker 2: She'll come over because like my partner doesn't care that
Speaker 2: much about putting the Christmas right exactly exactly. So again
Speaker 2: my fill in partner just comes over, yes, and we
Speaker 2: drink cocktails, festive cocktails. Listen, what did we have last year?
Speaker 2: We had cranberry? There was something red. Yeah, we had cranberry,
Speaker 2: I think Martini's or something. And we played Christmas music
Speaker 2: and we put my tree up and we danced with
Speaker 2: our cat or sorry, my cats, her cat kind of
Speaker 2: and we addressed the pets up. And then my husband
Speaker 2: came home and was like what are you two doing?
Speaker 7: And we were like, get out, get out, I can't wait.
Speaker 2: We looked at him like, you know, stunned DearS, being like,
Speaker 2: what have you.
Speaker 3: Come across.
Speaker 2: Alpha?
Speaker 3: Oh my god, that's so cute.
Speaker 2: I have two more money been sorry.
Speaker 5: One from Leah who said she's been saving her Flyboys
Speaker 5: points for a new barbecue and she claimed it yesterday.
Speaker 5: So she had a whole barbecue from Bunnings because she
Speaker 5: exchanged the points for Bunnings vouchers picked it up. It's
Speaker 5: like a big fancy one. Look, we love a photo.
Speaker 2: I love a photo like I feel like pet Taxi
Speaker 2: is really good. Obviously that will continue to be a
Speaker 2: rule in our group. But also show me what you
Speaker 2: have to it feels like group chat. Yeah, oh you
Speaker 2: got a new barbecue. I want to see it.
Speaker 5: Don't just tell me you too, So redeem those points
Speaker 5: if you can, and lotstly coming into Christmas, maybe you
Speaker 5: could try and redeem some points at Christmas.
Speaker 2: Time to use for presents.
Speaker 5: They'd dealt with cards and stuff, which I think makes
Speaker 5: it a lot easier. Lastly, this week, I've got my
Speaker 5: name from Kerry, which I'm going to look into this
Speaker 5: because I'm doing.
Speaker 2: This, She said.
Speaker 3: She downgraded her Apple iCloud subscription.
Speaker 5: Which is normally fourteen ninety nine, which is I know
Speaker 5: what I pay to five dollars. She said, I took
Speaker 5: screenshots because the whole process was difficult to downgrade, and
Speaker 5: she thinks this is intentional to make it like hard
Speaker 5: cool to get it cheaper. Yes, and then apparently they
Speaker 5: charged at the old price and she had to email
Speaker 5: them to say hey, like I dowbn it. It was a
Speaker 5: whole thing, but they canceled it. They issued the refund,
Speaker 5: and she says, if you adjust your pricing for the year.
Speaker 5: She managed to resubscribe to the one ninety nine a month,
Speaker 5: so she only pays like twenty four.
Speaker 2: Bucks for the hour instead of one hundred and eighty.
Speaker 2: Oh that's great, so good. That's worthy saving the muck
Speaker 2: around shouldn't exist, but that is worth putting the work in.
Speaker 5: Absolutely, And yeah, Kerry said, just wanted to let everyone know.
Speaker 5: Check your subscription, see if you can downgrade.
Speaker 3: So everybody this weekend, that's what we're all doing.
Speaker 2: That's what we're all doing. And we're canceling out our
Speaker 2: Netflix or our stand that we don't actually use.
Speaker 3: I can always go to seven ninety nine.
Speaker 2: Version. And I am so mad that they are charging
Speaker 2: many If you're having ads on your show, your show
Speaker 2: should be free.
Speaker 3: Yeah, well love it.
Speaker 2: Wh I'll be watching Free to Wear? Is it less
Speaker 2: frequent than TV ads?
Speaker 3: Yes, that's the thing. It's actually not that bad. Yeah,
Speaker 3: it's also like one ad every movie.
Speaker 2: Sorry. Yeah, and it's also because we're in Australia, so
Speaker 2: like not that many advertisers. No, not that many advertisers
Speaker 2: have got Netflix advertising yet. And obviously if you're like
Speaker 2: a Telco company, we're not going to have a T
Speaker 2: and TB advertised here. So like in America, I've heard
Speaker 2: when I say I've heard I've watched a TikTok, we
Speaker 2: all do that, right, Like, oh my god, I was
Speaker 2: reading something the other day. No, Victoria, you're on TikTok.
Speaker 2: You just chronically online and you're trying to downplay that.
Speaker 2: I was watching TikTok's about how the American Netflix is
Speaker 2: really addy, but ours kind of gotten away a little bit.
Speaker 3: It's got free for now. Take absolutely like that Jess
Speaker 3: or that job.
Speaker 4: But there you go.
Speaker 2: Jess is going to update her Christmas door, She's going
Speaker 2: to look into her fly Bys points, she's going to
Speaker 2: downgrade her Apple like do you start driving? Like, I
Speaker 2: feel like there's so much genuinely and thinking about it.
Speaker 3: That's a fantastic idea.
Speaker 2: I feel like this was a very ess list of
Speaker 2: the Stanley Cup. Like, honestly, Beck, what have you got
Speaker 2: when it comes to broke tips?
Speaker 4: Okay, just really quickly on the subscription thing. If anyone's
Speaker 4: listening could tell me, I have a one dollar forty
Speaker 4: nine charge from Apple that constantly comes out. No matter
Speaker 4: if I create a new account, I don't still have
Speaker 4: it Apple anything.
Speaker 2: You have a MacBook, You have a MacBook that's a
Speaker 2: work one.
Speaker 3: Dragon that still counts.
Speaker 4: I don't know every single account I've ever created without
Speaker 4: putting any details in an Apple charge.
Speaker 3: I don't know how it's happening. But anyway, if anyone
Speaker 3: is listening and knows the answer.
Speaker 2: We don't know the You know what you could do?
Speaker 2: Email Apple?
Speaker 3: Oh you know, I don't really like life.
Speaker 6: You know what?
Speaker 2: You ask one point eight million people on the Sheet's
Speaker 2: on the Money podcast instead of one email to someone
Speaker 2: who actually knows.
Speaker 3: You, do you boom?
Speaker 6: But I'll try.
Speaker 3: I'll try.
Speaker 4: Okay, So this first one comes from one of our
Speaker 4: listeners and they send me a TikTok. That's basically, you know,
Speaker 4: if you have like any some resource, yes, you know,
Speaker 4: have different ones for that you can propagate. There's ways
Speaker 4: to like make it last longer. Yeah, papagating herbs at
Speaker 4: the moment. Yeah, I think it's a fantastic idea. You
Speaker 4: can deal it with basically any anything that comes from
Speaker 4: the ground right atree.
Speaker 2: Also sorry, sidetrack completely. I am in my local Facebook
Speaker 2: group for my postcode, which is obviously very niche I know,
Speaker 2: you you know, like I mean, people the other day
Speaker 2: were posting where are herbs and they were like, on
Speaker 2: on Berkley Street there are a few, you know, rosemary
Speaker 2: bushes and whatnot. Check your Facebook group and if the
Speaker 2: Facebook group doesn't have it, ask because so many people
Speaker 2: have like free herb in their front garden and coming
Speaker 2: up to Christmas, don't spend four dollars on a packet
Speaker 2: of rosemary. Yes, like we all know that you're probably
Speaker 2: going to need to because your last minute, but have
Speaker 2: a look around, have a forage, have a forage. Yeah,
Speaker 2: it's actually fantastic.
Speaker 3: Do you know what my best hip is?
Speaker 2: What if you're going to pick the rosemary? Are you
Speaker 2: going to pick any type of herb that has been
Speaker 2: like free range?
Speaker 3: Is that the right word?
Speaker 2: Like, I don't know, you know, just make sure.
Speaker 3: It's above dog pea heights. Fantastic. It's a great point.
Speaker 3: It's a great point.
Speaker 4: And like dude, yeah, like drunken male, yes, yeah, like
Speaker 4: above whiz level.
Speaker 2: So that's my tip for today. Sorry for the side tracking,
Speaker 2: but yes, propagate your plants.
Speaker 4: That's actually a great one, and check your yes, check
Speaker 4: your local community page if you have one, if you're
Speaker 4: part of one, and.
Speaker 2: If you're going to do sorry, I'm a plants lady
Speaker 2: as well embroidery plants lady. I'm just in a wholesome error. Yeah, anyway,
Speaker 2: it's so cute.
Speaker 3: Thank you.
Speaker 2: If you get mint, you just strip off the bottom
Speaker 2: leaves and chuck it in a cup of water.
Speaker 7: That's it.
Speaker 2: Yeah, yeah, that's and mine already have little tentacles.
Speaker 3: There you go.
Speaker 2: They're called roots, but tentacles.
Speaker 4: They do look a bit spooky for the first few months.
Speaker 4: But okay, so this one is similar to that. But
Speaker 4: the TikTok showed someone putting a bunch of herbs in
Speaker 4: like a little mason jar with water, and then putting
Speaker 4: a larger mason.
Speaker 3: Jar on top.
Speaker 4: And then this doesn't make sense right now, but you
Speaker 4: put the lid on the bench, you put the little
Speaker 4: mason jar on top of the lid and with water
Speaker 4: with the bunch, and then you put the bigger mason
Speaker 4: jar on top. You screw it together so like a
Speaker 4: snow globe exactly, so it's like air tight sealed and
Speaker 4: Mason jar to make it last longer. I think in
Speaker 4: the fridge or whatever. Your herbs in the fridge and
Speaker 4: it dies. Honestly, that sounds so complicated that I prefer
Speaker 4: my homes.
Speaker 3: Prob I've made it sound way, way, way more. But
Speaker 3: that's a good tip. What's your next one?
Speaker 4: Okay, the next one come from actually a friend of
Speaker 4: mine who I do this too. I know it's a
Speaker 4: bit cheeky, but if you're going away, if you're going
Speaker 4: to like stay to hotel or go into a restaurant.
Speaker 3: Called the tiny toilet trees, you can take the tiny toiletrees.
Speaker 3: Your bags full of them from every time. I basically
Speaker 3: just please chip.
Speaker 2: It up side into my luggage if you're not allowed.
Speaker 2: That's honestly, if you're not taking the tiny toilet trees
Speaker 2: when you stay out a hotel, No, you're not taking
Speaker 2: the tiny toilet trees. You probably live a far more
Speaker 2: privileged life than any of us at AH, but you
Speaker 2: need the tiny toilet trees.
Speaker 4: You've never had to buy an ail file or a
Speaker 4: shower cap, true, I mean yeah, I guess they just
Speaker 4: throw them out.
Speaker 2: Sometimes I feel so bougie when I steal the toothbrushes
Speaker 2: because then if I have friends stay over, I'm like toothbrush.
Speaker 3: Yeah, that's a flex. When you're like, oh, I actually
Speaker 3: have a speared tooth.
Speaker 2: Yeah, and it's like a hotel one and you get
Speaker 2: it in the box and you get the tiny toothpaste.
Speaker 3: Oh my god, you got your life together exactly.
Speaker 2: Of course, I'm meant thief.
Speaker 3: But on the set in the same vein as that
Speaker 3: kind of thing.
Speaker 4: I think, if you're going to yet to a restaurant
Speaker 4: or a hotel whatever, if you mentioned that it's like
Speaker 4: an anniversary or a birthday, things like that or whatever
Speaker 4: it is you.
Speaker 3: I mean, this has happened to me a couple of times.
Speaker 4: Okay, yes, we walked into me and my best friendly
Speaker 4: have stated the soft tail for no reason. We just
Speaker 4: had a bunch of money one day and were like,
Speaker 4: let's just go crazy as we say the soft tail.
Speaker 4: We told them that we were dating into our anniversary.
Speaker 4: We got bottle of champagne. We got macaroons, macaroons that
Speaker 4: we call them all macaroons and macarons, the circle caron
Speaker 4: French ones, and the macaroons they actually coconut based.
Speaker 2: Oh that's try it, yes not, They're delicious.
Speaker 3: Coconut ones, the other ones and.
Speaker 2: Macaroon.
Speaker 4: Oh well, now that's as hurting macaron.
Speaker 2: Everyone's already stopped listening.
Speaker 3: By guys. If you're still here, thank you so much.
Speaker 4: But yeah, I just I'll just say, you know, throw
Speaker 4: it in there, just say it's an anniversary, a birthday.
Speaker 3: Will see whatever.
Speaker 5: Just remember if you go to the same place multiple times,
Speaker 5: they might put like a note on your file.
Speaker 3: So that's true.
Speaker 2: Yes, just switch up your hotels and hotels all the
Speaker 2: time for the free champagne. You're probably can afford the
Speaker 2: shit pain. True, that's true.
Speaker 3: That's true.
Speaker 2: So maybe if you have enough money to be going
Speaker 2: to these places, don't be doing it.
Speaker 3: Just kidding you can still.
Speaker 2: But also I find it low key embarrassing at restaurants
Speaker 2: if they know it's my birthday and they come across.
Speaker 2: So like, if anybody goes to lunch with me and
Speaker 2: it's my birthday, I will actually find you and I
Speaker 2: will harm you.
Speaker 3: I love it everyone. It looks like everyone's attention. For
Speaker 3: a second.
Speaker 2: I was at dinner the other night celebrating our actual
Speaker 2: like my wedding anniversary with my husband a couple of
Speaker 2: weeks ago, and it happened to a table like they
Speaker 2: were having a birthday, and like the waiters were like
Speaker 2: clapping in the air, and all the other tables got involve, don't.
Speaker 2: I just had secondhand embarrassment. I was like, I'm so
Speaker 2: glad that when we booked we didn't tell anybody why
Speaker 2: we were coming. And when they when they were like, oh,
Speaker 2: are you celebrating anything special? When we walked in, I
Speaker 2: was like, Nahn't we just come here all the time
Speaker 2: with my brother. Yeah, we're coming for a pub.
Speaker 4: Yeah, yeah, exactly what's yours mind's bit of it like
Speaker 4: a money win but also like a broke tip, but
Speaker 4: it's it's kind of common knowledge anyway. So I bought
Speaker 4: these like sashets sashets from woods. You can also get
Speaker 4: really good ones Frowndy. You know, there's like cappuccino ones
Speaker 4: minimal like minimal sugar, like if not you know, with
Speaker 4: sugar personally, but if you're like conscious of that and
Speaker 4: we can't get the ones, it's just like a little
Speaker 4: bit milky, a little bit coffee, you know, just they're.
Speaker 2: Full of like palm oil. But you just don't think
Speaker 2: about it too. I don't know, but I just start
Speaker 2: out of mind. Yeah, exactly, like they're good for the.
Speaker 4: Soul, totally, totally, but I would say, yeah, if you can,
Speaker 4: hopefully you can find an ethical one that's sourced.
Speaker 2: Oh no, no, no, I doesn't even talk about ethics.
Speaker 2: I'm talking about you're healthier to fix, sure, but like
Speaker 2: they're probably just full of trash.
Speaker 3: Hey, that's okay.
Speaker 4: Basically what I do is I every time I make
Speaker 4: myself one of those, I put my soy milk.
Speaker 3: I got those little like you know, there's one dollar
Speaker 3: like the buzzers.
Speaker 2: Yeah, the buzz of those. That's exactly how I do it.
Speaker 4: Too, Yes, and you just froth your your milk like
Speaker 4: that and it actually turns out pretty similar. So every
Speaker 4: time I do that, because it's like ten pack for
Speaker 4: five bucks, it's get they often go on sale. They
Speaker 4: do often go on sale, and they actually taste really delicious.
Speaker 2: My favorite is I think it's is it Nest Cafe,
Speaker 2: but they have a milky bar one, so it's coffee.
Speaker 2: I told you I don't pick the healthy ones, butter delicious.
Speaker 2: That doesn't sound good.
Speaker 3: Yeah, that just sounds great.
Speaker 4: So yeah, you just make Basically every time I make
Speaker 4: one of those I would usually have spent six dollars
Speaker 4: fifty on my coffee.
Speaker 3: That's how much my coffee is.
Speaker 4: Because you get the large, boy, I do get a
Speaker 4: large and soy milk. So every time I do that,
Speaker 4: instead of paying for the coffee, I transfer that exact
Speaker 4: amount to Sa Genieah. Right now have nothing because I
Speaker 4: have depleted that account again. But but the money was
Speaker 4: there to deplete exactly exactly, so you.
Speaker 3: Don't think about it because you're just buying coffees and
Speaker 3: that money's gone. Now has to say things account you're
Speaker 3: saying sorry.
Speaker 2: Sorry, have you been playing with your budget in cash flow?
Speaker 3: It's a little bit, you know, nothing to ride home
Speaker 3: out at the moment, but it exists.
Speaker 2: It exists now, Yeah, I'm so proud of.
Speaker 3: Yeah, if you'll be thank you so much. Doesn't feel good,
Speaker 3: it feels really good.
Speaker 4: Looks like sometimes it's thirteen bucks in there, but that's
Speaker 4: still more than enough for me.
Speaker 3: That is so much more than you didn't have exactly, And.
Speaker 2: I feel like so many people like, what's the point.
Speaker 2: And it's like even if over a year, like let's
Speaker 2: be honest, times are freaking tough. Even if every year
Speaker 2: you end up with like fifty bucks in that account
Speaker 2: bill pops up like you have cash instead of having
Speaker 2: to rely on debt, like and it feels good knowing
Speaker 2: that there's some money sitting to the.
Speaker 3: Side, exactly, lean on exactly. It's a good feeling. Yes,
Speaker 3: that's me. I love this for you, so so much,
Speaker 3: so much.
Speaker 2: All right, let's go to a really quick break because
Speaker 2: on the flip side, I'm really excited to talk about this. First,
Speaker 2: we're going to be talking about whether you need to
Speaker 2: tell your bank if you move and start renting out
Speaker 2: your home, which is very relevant because I talk about
Speaker 2: purchasing homes all the time. But then something a little
Speaker 2: bit spicy that you split into our dms about this week,
Speaker 2: we're going to be asking what happens to the money
Speaker 2: you've already paid when you drop out of the bridal party.
Speaker 2: I'm going to need to know why you dropped out
Speaker 2: of the bridal party. That's just so much there, All right, guys,
Speaker 2: don't go anywhere.
Speaker 3: Welcome back everyone.
Speaker 2: Let's take a listen to this week's money dilemma.
Speaker 7: Hi, there, have you got a money dilemma you just
Speaker 7: can't solve? The Sheese on the Money Team is here
Speaker 7: to help.
Speaker 2: Every week, we tackle your dilemmas, both big and small,
Speaker 2: to answer your most burning money, career and life questions.
Speaker 2: To get involved, simply to our website and leave us
Speaker 2: a short voice recording and you might just find yourself
Speaker 2: on the show.
Speaker 3: Now, let's take a listen to this week's money dilemma.
Speaker 6: Hi, team, My money dilemma is that I'm thinking of
Speaker 6: renting out the property that I've lived in and owned
Speaker 6: for six years while I go work into state for
Speaker 6: one or two years. But does this mean I have
Speaker 6: to change my home loan to an investment loan? They
Speaker 6: often have high interest rates. I plan on returning to
Speaker 6: the property and living it and again in one to
Speaker 6: two years. Just wasn't really sure if I have to
Speaker 6: tell my bank if I rent out my property for
Speaker 6: a short time.
Speaker 3: Thanks, I'm going to be so for real.
Speaker 5: I didn't even know that investor loans were a thing,
Speaker 5: much less what the difference is or what you do
Speaker 5: with them.
Speaker 3: So handle this one straight.
Speaker 2: Well, Jess, you wouldn't know that because the process that
Speaker 2: you're going through, and when you sat down with one
Speaker 2: of the Zella money brokers, they would have said what
Speaker 2: do you want? And you said, I want to purchase
Speaker 2: my own home, and they would have said, do you
Speaker 2: plan a living in the property, and you would have said, absolutely,
Speaker 2: I do. I'm very excited. So they would have gone
Speaker 2: down the root of what's called an owner occupy a loan,
Speaker 2: and those usually carry lower interest rates than an investment
Speaker 2: property loan. And there's a number of different reasons for this. Obviously,
Speaker 2: the risk is higher when it's an investment because it's
Speaker 2: not your family home, more likely to be like damaged
Speaker 2: or whatnot. But then also you're able to claim an
Speaker 2: investment on tasks of course, right, so the bankers I
Speaker 2: won't say they're taking advantage, but like, I don't like
Speaker 2: that they're different, but they are very different. In fact,
Speaker 2: there's been a few times, and this is why you
Speaker 2: have to be really honest with your broker when you
Speaker 2: know a broker has been applying for an owner OC loan,
Speaker 2: so they've been applying for the loan where you're going
Speaker 2: to live in the property, and then the client's like, yeah, yeah,
Speaker 2: I'm going to rent it out, and their broker's like, ah,
Speaker 2: I can't legally sign you up to this because once
Speaker 2: your broker knows some information, they can't not do anything
Speaker 2: about it. Like we are you know, at the end
Speaker 2: of the day, ethical and moral and like we can't
Speaker 2: lie on your behalf to a bank, like we don't
Speaker 2: want to lose our license even if you're like, but
Speaker 2: I just want the only OK loan because it'll be
Speaker 2: lower interest rate, Like I get that, But also the
Speaker 2: investment is what lines you up so too long didn't read. Yes,
Speaker 2: you do need to tell your bank that you're moving.
Speaker 2: It's actually in your terms and conditions of the line
Speaker 2: that you have with your bank. Yeah, there are a.
Speaker 3: Heap of them.
Speaker 2: So when you sign up, you'll get all your banking
Speaker 2: docs and in that it will say if you move,
Speaker 2: you need to tell us. Also, did you know you
Speaker 2: need to tell your bank if you're renovating. Really, yeah,
Speaker 2: you need to tell your bank. But like they technically
Speaker 2: own your property, Jess, Like they're the ones that have
Speaker 2: looked at your property and gone, hey, Jess, we are
Speaker 2: going to lend some money to you to purchase this
Speaker 2: particular property and they're putting a security over that property
Speaker 2: that if hypothetically Jess wasn't funny anymore and she left,
Speaker 2: She's on the money and she lost a job, like
Speaker 2: they could sell the property and make their money, but
Speaker 2: if you bulldoze the bloody house, yeah it's worthless. So
Speaker 2: they don't want you to do that without approval. So
Speaker 2: this is where reading your terms and conditions is really
Speaker 2: important because it will say in your terms and conditions
Speaker 2: that you need to keep the bank aware of this
Speaker 2: any changes. Even if you go, oh, it's only small
Speaker 2: and just redoing the bathrooms, bank needs to note they're
Speaker 2: not going to care that much. But also it'll probably
Speaker 2: add to the value, so it's not a bad thing.
Speaker 2: But if you're moving out, you do need to talk
Speaker 2: to somebody. I have heard stories is because I like
Speaker 2: live on oz finance on Reddit where someone was literally
Speaker 2: dabbed in by a friend to their bank.
Speaker 3: Isn't the dodge that's so many?
Speaker 2: Exactly so bad? They were dubbed in by their friend
Speaker 2: who called the bank and said, did you know that
Speaker 2: Jess has moved out of the property and is no
Speaker 2: longer owner? Ok, and the bank just changed their loan
Speaker 2: without any conversation, without any permission, up to a higher
Speaker 2: interest rate and moved them over to an investment loan
Speaker 2: as opposed to an owner OK loan, And like I
Speaker 2: was like through.
Speaker 3: Do they didn't even check to make sure this is mine?
Speaker 2: I know anyway, I just thought that's obviously one dog
Speaker 2: of your friend to tell you in that is not
Speaker 2: a friend indeed. But also I didn't realize that they
Speaker 2: took it as seriously, Whereas we've dealt with clients who
Speaker 2: are like, oh, V, because obviously I own a mortgage
Speaker 2: breaking company r V, We're going to move out of
Speaker 2: the property and do X Y Z, and it's fine.
Speaker 2: We've called the bank on their behalf, and some banks
Speaker 2: are like, oh, what's their plan. Oh, they're moving back
Speaker 2: in in six months. They're just moving. The bank's like,
Speaker 2: don't worry, we've put it on file. They're not going
Speaker 2: to change it because they're going to be moving back in.
Speaker 2: But it's a conversation to have with your your lender,
Speaker 2: because at the end of the day, it's all about risk.
Speaker 2: It's all about making sure that you're doing the right thing.
Speaker 2: And they could actually be like, hey, we're no longer
Speaker 2: going to lend to you, so you need to sell
Speaker 2: up the property. Oh scary really what they found out.
Speaker 2: If they found out, they could absolutely take action. At
Speaker 2: the end of the day, if you're renting out your
Speaker 2: home while paying it off. It has to be an
Speaker 2: investment loan back. It's not sexy, it's not nice because
Speaker 2: obviously it's a higher interest rate. But if you do
Speaker 2: decide while you are living in your home to rent
Speaker 2: out your home and go from an owner occupy alone,
Speaker 2: you're probably going to need to refinance. And if you lie,
Speaker 2: there are some pretty serious consequences. I mean, they'll give
Speaker 2: you warning. But one of the examples when I was
Speaker 2: looking into some terms and conditions is that the bank,
Speaker 2: this bank that I looked into not naming and shaming,
Speaker 2: the bank said you've got thirty days to pay off
Speaker 2: the balance that is owing, at which point the lender
Speaker 2: might sell the property to recoup the money. With that,
Speaker 2: it feels aggressive, so it can be really aggressive. But
Speaker 2: it's really important to understand that guys, it's twenty twenty
Speaker 2: four and data matching and whatnot exists, and the bank
Speaker 2: will report to the ATO because the ATO is going
Speaker 2: to care about what you're claiming. Right, So if you
Speaker 2: move out of your property, you're probably thinking it's an investment.
Speaker 2: Now I'm going to be able to claim a heap
Speaker 2: of expenses, and you're claiming in things, but then the
Speaker 2: bank finds out that you're not actually paying the right loan.
Speaker 2: You could be found out, so it's not like they
Speaker 2: aren't on top of it. And banks and lenders all
Speaker 2: have their own processes for checking on whether you are
Speaker 2: actually an owner occupier, and banks are going to have
Speaker 2: their own processes for checking if you are an owner
Speaker 2: occupier or not, so they might check if you live
Speaker 2: at the property for the majority of the year. They
Speaker 2: might have a look at your documentation, so they might
Speaker 2: request a tax return and see that your tax return
Speaker 2: or your driver's license doesn't have that address on it,
Speaker 2: it has the house that you live in. Or they
Speaker 2: might see someone apply for a loan and go that
Speaker 2: address is Jess's house, Ah, what's going on there? Did
Speaker 2: two families live at that address? And then you go, no, no, no,
Speaker 2: we're renting it off Jess. So I think it's really
Speaker 2: important to just be on top of it and be truthful.
Speaker 2: It doesn't mean that the bank is going to charge
Speaker 2: you through your nose, but it could also be something
Speaker 2: that you call the bank and ask them, Hey, what
Speaker 2: happen if I moved out? Hypothetically it's the process, but
Speaker 2: also that should be a part of your decision making
Speaker 2: process if you are planning on taking like a job
Speaker 2: out of state or something, to make sure that you're
Speaker 2: not financially putting yourself behind. Yeah, totally. Anyway, I know
Speaker 2: you guys are shocked by that, But nothing to add
Speaker 2: for me except I had no idea that that was
Speaker 2: a thing.
Speaker 3: You're like, that's crazy, Yeah, filing that away for later.
Speaker 4: The only thing I want add is, I'm assuming this
Speaker 4: makes rental prices higher than the maybe should be for
Speaker 4: because of the.
Speaker 3: Higher cost and a loan exactly.
Speaker 2: Well, yeah, and that's something to take into consideration as well.
Speaker 2: And I mean there's a lot of conversation about being
Speaker 2: an ethical landlord, and like there's a very big push
Speaker 2: when it comes to people who are purchasing property right
Speaker 2: and you hear it on money daries where they're like, oh,
Speaker 2: I have a positively gid property where the amount of
Speaker 2: money that they earn from their property in rent actually
Speaker 2: covers all of the mortgage. And that's really attractive. But
Speaker 2: if cost of living happens and your interest rate increases
Speaker 2: but you're hasn't increased, that's why a lot of landlords
Speaker 2: would then turn around and be like, hey, Beck, I'm
Speaker 2: going to increase your rent because they don't want to
Speaker 2: be financially out for it. And I think at some
Speaker 2: point you need to be an ethical landlord and say, hey,
Speaker 2: I took this on as an investment, and one of
Speaker 2: the risks was that at some point I would have
Speaker 2: to tip in some of my own money. It's actually
Speaker 2: not Bex or Jess's responsibility to pay more on my
Speaker 2: mortgage just because the bank's now charging me more, like
Speaker 2: I think you should be charged market value. But that's
Speaker 2: probably a whole damn podcast in itself. Sure true, just
Speaker 2: got served a notice oft again it's been a year. Oh,
Speaker 2: I feel like time does fly when you're having fun,
Speaker 2: doesn't it?
Speaker 3: How much thirty bucks a week?
Speaker 6: Yeah?
Speaker 2: Like an actually thirty bucks a week?
Speaker 5: Because when I first art, I was like, oh, thirty
Speaker 5: box month, that's not so bad.
Speaker 2: Like obviously you're taking the meeky week. So it's literally
Speaker 2: like another hundred bucks a month.
Speaker 3: Be for real.
Speaker 2: You can't even get brunch these days for thirty dollars
Speaker 2: a week?
Speaker 1: Yeah?
Speaker 3: Crazy?
Speaker 5: Hey that for me?
Speaker 3: All right, well, are.
Speaker 2: You ready to stop this conversation and go into our
Speaker 2: spicyd Absolutely all right, So here's the damn we received. Hi,
Speaker 2: she's on the money team. I would love to hear
Speaker 2: your thoughts on this. I was part of a bridal party,
Speaker 2: and four months out from the wedding, due to personal reasons,
Speaker 2: I decided I could no longer fulfill this role. I
Speaker 2: had transferred my share of the payment for accommodation for
Speaker 2: a Hens weekend and was told I wouldn't receive this
Speaker 2: back upon deciding to no longer go. However, the Hen's
Speaker 2: party has just gone and I've seen that they didn't
Speaker 2: stay at the apartment we had booked, and I thought
Speaker 2: we paid for. The accommodation provider's websites state that they
Speaker 2: don't take prepayment and provides a full refund up until
Speaker 2: a week prior to the booking. It doesn't seem right
Speaker 2: that they used my money to book and or pay
Speaker 2: for something else. Is it reasonable to want my share
Speaker 2: of the payment back? Thanks.
Speaker 3: I don't like it. I don't like it. I don't
Speaker 3: like it. It feels very icky.
Speaker 2: It feels like it just got worse as I read
Speaker 2: it out, didn't I yeah.
Speaker 3: Seriously did.
Speaker 4: Because it's like, let's ignore the fact that maybe someone
Speaker 4: somewhere must have lied about it, the pre payment situation.
Speaker 5: Ew.
Speaker 4: But like someone's idea is that like, oh, he's a
Speaker 4: pool of money, and with this pool of money, we
Speaker 4: will either you know, book this really fancy hotel or whatever.
Speaker 4: It's like, that's not actually how it is working. It's
Speaker 4: like everyone's paying their own kind of slice of the pie.
Speaker 4: And if the pie is now smaller, then because I'm
Speaker 4: assuming that someone collected all the money for say ten people,
Speaker 4: and then one person pulls out and like, oh cool,
Speaker 4: we have the money for ten, but we now just
Speaker 4: have to divide it by nine, you know. And it's
Speaker 4: like that I understand if you couldn't get your money back,
Speaker 4: you still have to stay at the same place. But
Speaker 4: they've taken that money, not even considered the person who
Speaker 4: has to drop out, probably for some good reason, I assume,
Speaker 4: and it's like, thank you so much for giving us
Speaker 4: a little bit more, We're going to go here instead,
Speaker 4: and now we just have a little bit more cash
Speaker 4: to splash. I just think that's really really mean and
Speaker 4: that's not actually how it works.
Speaker 2: Yeah, And I mean, I'm so interested in why you
Speaker 2: drop down, But I have a sninky suspicion because you
Speaker 2: have terrible friends.
Speaker 3: Yes, and it's and it's it's just like a big fight.
Speaker 3: It sounds really mean me I meant it.
Speaker 2: Yeah, just what do you think?
Speaker 3: I agree?
Speaker 5: I think like, as you said, back, if they hadn't
Speaker 5: been able to get the money back and you had
Speaker 5: pulled out, I think that like you've already committed. I
Speaker 5: don't think it's reasonable to ask the money back because
Speaker 5: then people have.
Speaker 2: To cover you.
Speaker 5: But the fact that they changed the venue, unless they
Speaker 5: had already changed the venue ahead of time and she
Speaker 5: didn't know, I don't know it Just yeah, I agree.
Speaker 5: I think that it's a bit icky that they had
Speaker 5: maybe the flexibility and didn't give it back because as
Speaker 5: you said, like, theoretically you're covering x amount of rooms.
Speaker 5: Everyone's put in an x amount to cover X amount
Speaker 5: of rooms, and you need one less room.
Speaker 2: We all know, I was about to say, we all know,
Speaker 2: on like a bridal trip, people are sharing rooms or
Speaker 2: getting apartments that you know, oh, one of us will
Speaker 2: sleep on the couch, Like, I don't know. I'm not
Speaker 2: justifying it because I think that she should have got
Speaker 2: her money back, But I think that her friends might
Speaker 2: see it a little bit differently, that they were like, oh, well,
Speaker 2: when this person was involved, we you know, let everybody
Speaker 2: know we could have this type of accommodation. But now
Speaker 2: they've pulled out, we would have to change it. So
Speaker 2: we're going to keep their part of the budgeting.
Speaker 5: Like I could see maybe as as we like talking
Speaker 5: about it, maybe like if you had two girls to
Speaker 5: every room, for example, yeah, like and then you go, okay, well,
Speaker 5: one girl's going to have a single room.
Speaker 3: Because she shouldn't have charge her more because she just
Speaker 3: has someone.
Speaker 5: But then if she pays the same amount as everyone else,
Speaker 5: is everyone else going to be pissed off because she's
Speaker 5: got a single room but they're all paying the same amount.
Speaker 5: Like I can see how it does get a little
Speaker 5: bit messy. Ultimately, I think like it's probably a conversation
Speaker 5: that they should have had with you, Like they should
Speaker 5: have said, hey, like X y Z, we already allocated,
Speaker 5: like we've pre booked a different hotel, or you know,
Speaker 5: we're going to have to charge someone double or whatever.
Speaker 5: At least had the conversation. I think you're well within
Speaker 5: your rights to ask it back or to at least
Speaker 5: raise it and say, hey, like you know, I understood
Speaker 5: that if it was non refundable, Like I was never
Speaker 5: going to ask for that money back, but doubt it
Speaker 5: was refundable, So like, is there a chance for that
Speaker 5: money to come? I think that's a very reasonable conversation
Speaker 5: to have.
Speaker 2: I would put together a nice message and basically ask that,
Speaker 2: I think on the flip side as well as somebody
Speaker 2: who has had to I wasn't in the bridal party,
Speaker 2: but I had to pull out of a Hen's party
Speaker 2: because I was really pregnant. And it is back when
Speaker 2: I had so I had like preclampsy when I was pregnant, right,
Speaker 2: So my entire day, every single day when I was pregnant,
Speaker 2: was really dictated by my blood pressure. So I would
Speaker 2: wake up and I would do my blood pressure, and
Speaker 2: if I did my blood pressure that day, and it
Speaker 2: was often one eighty over like one ten, which was cooked,
Speaker 2: I'd have to go into the hospital and like deal
Speaker 2: with it. It was actually the biggest shit show, remember, Jess.
Speaker 2: Like it was very it was like, oh hey, Jess, sorry,
Speaker 2: I was about to come into recording. Now I can't
Speaker 2: come into recording because I have to go to the hospital.
Speaker 2: Or like the flip side, where it was like really
Speaker 2: high and my doctor would say, if it's this level,
Speaker 2: you actually just have to stay in bed that day,
Speaker 2: like not moving. And then some other days my blood
Speaker 2: pressure was fine and I'd be like, Jess, it's on.
Speaker 2: Should we be like some more podcasts out right? So
Speaker 2: like every day was different. But I remember having to
Speaker 2: literally pull out the day of a Hen's party and
Speaker 2: be like, hey, really sorry, I can't come when I
Speaker 2: was like thirty eight weeks pregnant, so I was pushing
Speaker 2: it already, but can't come. Would have loved to come,
Speaker 2: but I'm not allowed. And at that point, I just
Speaker 2: knew that that was a cost that the entire time
Speaker 2: I might lose, but I wanted to be involved. And
Speaker 2: I wonder if at this point when you paid, that's
Speaker 2: the cost of now missing out, Like that you paid that, yes,
Speaker 2: you had to pull out, but like is that a
Speaker 2: just a lost cause?
Speaker 5: Like I don't know, Like go to other things too,
Speaker 5: Like if there's a dinner or an activity like a
Speaker 5: you know, flower crowd making or perfume making or whatever
Speaker 5: you're doing, like has something else been paid for?
Speaker 2: And shout out to the person that has to organize
Speaker 2: the henscript chat and like collect payments because that's hard
Speaker 2: because you're right, there might not have been any prepayment,
Speaker 2: so like you might be on the website and it
Speaker 2: might say, oh, you can have a complete one hundred
Speaker 2: percent fun. But like I have been the person that
Speaker 2: has organized a hens before and I'm like, okay, cool,
Speaker 2: so drinks and food are going to be this, and
Speaker 2: we'll make sure that we have you know, pre drinks
Speaker 2: at the hotel, and then there's like some accommodation. Okay, guys,
Speaker 2: it's two hundred and fifty dollars ahead. I don't have
Speaker 2: At the time, I didn't have the budget to cover
Speaker 2: all of that. So before I booked in anything, I
Speaker 2: was asking all the girls, can you just transfer me
Speaker 2: the cash because like, this is how much I need?
Speaker 2: And then I would go and book everything out, like
Speaker 2: and that is what.
Speaker 3: If I went the other way?
Speaker 2: Yeah, what if someone didn't transfer and you had to
Speaker 2: cover it? Yeah, which always happens. Like just if you
Speaker 2: commit to doing something, just transfer the cash I get it,
Speaker 2: or have an open conversation and be like, hey, v
Speaker 2: I really want to be involved, but I don't have
Speaker 2: two hundred and fifty bucks. But the events in December,
Speaker 2: is there any way I can like pay you off
Speaker 2: over time or like what can I do? And at
Speaker 2: that point I might be like, oh, don't worry, girlfriend,
Speaker 2: I only need to lock in the accommodation and like
Speaker 2: that's not the full amount, so like just transfer what
Speaker 2: you can and we'll like work it. Like we'll work
Speaker 2: it out. But so many people go like stone cold
Speaker 2: silent and don't have these money. Is awkward, but like
Speaker 2: have the conversation because I can promise someone coming to
Speaker 2: me and being like, hey, b I don't have the
Speaker 2: two fifty or whatever it has been decided is the amount,
Speaker 2: but I'll get it to you on this date or
Speaker 2: I'll do it. I don't care, Like I'll work it out.
Speaker 2: But like if you just go radio signed and how
Speaker 2: awkward it is to follow you up. I hate that.
Speaker 2: Don't do that to people.
Speaker 5: Yeah, so it sounds like our listener did the right thing,
Speaker 5: like they let them know early. But it just maybe
Speaker 5: it was a failure of the friends to have the
Speaker 5: communication that they need to have. So I think you
Speaker 5: ask for it back and see what happens. But so
Speaker 5: we asked the community, do you think it's fair for
Speaker 5: the group to keep her money? Seventy three percent of
Speaker 5: you said no, she's owed her money back. I kind
Speaker 5: of agree.
Speaker 2: I was trying to play Devil's advocate and like be like, oh,
Speaker 2: but what if, And then twenty seven percent of you said, yep,
Speaker 2: she stepped down, it's a sunk cost. The next question
Speaker 2: I asked was, would you ask for a refund if
Speaker 2: you were in her shoes? Sixty seven percent of you
Speaker 2: said absolutely, they changed plans, and thirty three percent of
Speaker 2: you said no, just take it as a loss and
Speaker 2: move on. I would always ask for a refund. I
Speaker 2: feel like always if you don't ask, you don't care exactly,
Speaker 2: and if you're kind about it, like, hey, I know
Speaker 2: I pulled out. I'm hoping this hasn't like financially impacted anybody.
Speaker 2: But I was wondering, given you know, and give them
Speaker 2: a little bit of invoke, so like you know that
Speaker 2: the way, like the hotel was refundable. Yeah, I know
Speaker 2: the hotel's refundable. So I was just wondering if I
Speaker 2: could get you know, the money I transferred you back,
Speaker 2: Like if they say no, you are well within your
Speaker 2: rights to say, hey, I'd love to understand a bit
Speaker 2: more about like why, like where is it gone? Like
Speaker 2: surely it's just sitting in your account because they don't
Speaker 2: charge you until you check in, like have that conversation
Speaker 2: because you might learn, oh, well, actually you transferred one
Speaker 2: hundred dollars and the accommodation per head was actually fifty
Speaker 2: and I've spent another fifty on the entertainment and the
Speaker 2: food and the drill, like and that's been and that's
Speaker 2: been painful, and like now we're going to have to
Speaker 2: like spread your cost across the other girls. And I
Speaker 2: don't feel like it's fair to charge Jess and beck
Speaker 2: more like do you know what I mean? Like they
Speaker 2: could explain it, and you go, oh, actually, that makes
Speaker 2: a lot of sense for having a chat totally.
Speaker 4: And when you can see that there's there's a good
Speaker 4: reason for it, cause I'm sure that this other person
Speaker 4: has like valid points, it makes you just feel better
Speaker 4: knowing like, oh, okay, I have lost that money, but
Speaker 4: now I understand why.
Speaker 2: But at least I don't feel like I've been taken
Speaker 2: advantage of. Yeah, maybe I give you like.
Speaker 5: The hotel portion like in that example, I can give
Speaker 5: you like the room for portion back, but not the
Speaker 5: food that you know they couldn't refund or whatever one
Speaker 5: hundred percent.
Speaker 2: And I guess there's a good reminder that before booking
Speaker 2: in anything for Hen's parties or group things like, have
Speaker 2: in the group chat a conversation about budget. It can
Speaker 2: feel awkward bringing it up, but be like, hey, guys,
Speaker 2: we want to do like a weekend for Jess because
Speaker 2: she's getting married. I don't even think just wants to
Speaker 2: get married, but like hypothetically we're having a weekend for Jess. Yeah,
Speaker 2: and I just want to know, like, what what budget
Speaker 2: would you be happy to allocate to this? And some
Speaker 2: people we've done I've done this before. Reply and be like, hey,
Speaker 2: I have one hundred dollars that I could allocate. But
Speaker 2: if you guys did like a house thing, I wouldn't
Speaker 2: have to stay, Like I'd go home that night, and
Speaker 2: like ask people because like they might have kids, or
Speaker 2: they might have different plans, or they might not want
Speaker 2: to do or sleepover. So that you can get a
Speaker 2: guys on like okay, cool, Well you know twenty people
Speaker 2: will come, but six of those people actually want accommodation. Yeah,
Speaker 2: so that you're not fighting off more than you can
Speaker 2: chew and charging people for more, do you know what
Speaker 2: I mean? Yeah, very true. Anyway, we did go to
Speaker 2: the community and said what is your two cents? And
Speaker 2: I have a lot of different opinions to share with
Speaker 2: you guys. So first person said what they did sucks,
Speaker 2: but I'd be burying the hatchet and keep a map
Speaker 2: of where you leave it as pertata. Someone else said,
Speaker 2: what bride's expect of others to spend for their wedding
Speaker 2: is too much? It's just a day, and it's this
Speaker 2: good point.
Speaker 3: I don't want to say too much here, but I agree.
Speaker 4: I don't think that we should be spending any money
Speaker 4: on someone else's I get it sometimes.
Speaker 2: Right, I agree. So I'm a bit spicy and I
Speaker 2: have been crucified for this, but none of my bride'smaids
Speaker 2: paid for a thing, and that's very entitled because obviously
Speaker 2: I had the budget for it. But I was very
Speaker 2: much of the opinion, as was my husband, that we
Speaker 2: didn't want to get married until we were in a
Speaker 2: financial position where I didn't make my wedding a financial
Speaker 2: burden on somebody else. Yeah, and potentially that's you know,
Speaker 2: because I'm in finance and I talk about it all
Speaker 2: the time, and you hear these things, and we have
Speaker 2: these conversations. But like I just remember being like bridesmaid's
Speaker 2: dresses I will be paying for because it's the dress
Speaker 2: I want you to wear. And again being a little
Speaker 2: bit spicy, you're a bit delusional if you think you're
Speaker 2: going to pick a matching bridesmaid's dress and then try
Speaker 2: and convince Jess. Don't worry, babe, Like, if you spend
Speaker 2: four hundred dollars on dress, you'll probably wear it again.
Speaker 3: You can just hammet and wear it again.
Speaker 2: Nobody's gonna hamm it and wear it again. Nobody, like nobody. Yeah, anyway,
Speaker 2: I've just got a lot of opinions about this, but
Speaker 2: I was very much of the opinion that my wedding
Speaker 2: day shouldn't put a financial burden on other people. Yeah,
Speaker 2: and so we've paid for everything. Does that mean that
Speaker 2: I think everyone should do that? No, because everybody has
Speaker 2: different budgets. But I think everybody should have open, honest
Speaker 2: conversations about that. Like if I was to ask you
Speaker 2: Beck to be my bridesmaid, we should be having a
Speaker 2: bit of a conversation up front, like, oh my god,
Speaker 2: you want to be my bridesmaid, and you go, I'd
Speaker 2: love that, But like, also, what are the expectations totally.
Speaker 3: I think got the money for bridesmaids.
Speaker 2: Yeah, exactly. But if I said, hey, Beck, I'd love
Speaker 2: you to be my bridesmaid, by the way, I wouldn't
Speaker 2: ever want this to be a financial burden on you.
Speaker 2: I'll be covering everything.
Speaker 3: You might go, oh, okay, I would.
Speaker 2: Actually love that, Like I would love to be involved, Like,
Speaker 2: thanks for thinking of me. But you're right, Beck, it's
Speaker 2: not your day. Why are you paying so much? We're
Speaker 2: in a cost of living crisis. We are all worried
Speaker 2: about groceries, We're worried about our electrical bills, and then
Speaker 2: all of a sudden, your mate's getting married and a
Speaker 2: three hundred dollars dress seems to be reasonable to ask
Speaker 2: you to purchase. I know, stressful, you need matching shoes,
Speaker 2: like I have a pair of new shoes. Why can't
Speaker 2: I just wag anyway, It's like a whole conversation. I
Speaker 2: just obviously I am a little bit heated about it.
Speaker 3: Back, I completely get it.
Speaker 2: More comments from the community. One person said, if they
Speaker 2: stayed at the original accommodation, she would have had to
Speaker 2: take the loss, but they didn't, so she should get
Speaker 2: her money back. Someone else said, there's never any harm
Speaker 2: in asking. That's what VD would say. If they say no,
Speaker 2: I'd take it.
Speaker 3: Yeah.
Speaker 2: Someone else said, people are real weird about Hens. You'd
Speaker 2: need to be willing to lose a friendship or the money.
Speaker 2: They do seem like they can be a dramatic sometimes,
Speaker 2: don't they. Yeah, it's actually terrifying. Someone else said, I
Speaker 2: wouldn't let the money in this instance come between what
Speaker 2: I assume is a close relationship. But also where's the goss?
Speaker 2: Like why don't we know why? I know you said
Speaker 2: personal reasons, but like, girl, it was anonymous, I need
Speaker 2: to know.
Speaker 3: I need to know it's a message.
Speaker 2: Yeah, like we need to know. Someone else said people
Speaker 2: kept pulling out of my hands and it got super
Speaker 2: frustrating and hard. Oh I can understand that. I totally
Speaker 2: get that.
Speaker 3: Good perspective.
Speaker 2: I totally get that. And if you've already paid and
Speaker 2: then people are pulling out of the Hens party because
Speaker 2: you've probably allocated the budget, but we're talking about bride
Speaker 2: or party, like one of your bridesmaids has left, and
Speaker 2: if that kept happening to you, I'm so sorry.
Speaker 3: Yeah, that would be really hard.
Speaker 2: I like three bridesmaids. Can you imagine if people kept
Speaker 2: pulling out and would have had nothing, and someone else said,
Speaker 2: and we'll leave it here. It's not fair on the
Speaker 2: other bridesmaids to absorb the extra cost from her pulling out.
Speaker 3: Yeah, it's a bit of a push and pull, isn't it.
Speaker 5: Like you've got to you got to kind of figure
Speaker 5: out what happened, why it happened, where the money did go.
Speaker 2: And you know, I think that will probably inform whether
Speaker 2: or not some of it can come back. But I
Speaker 2: think just yeah, have the conversation. I'm not what's the
Speaker 2: worst they can say, no, exactly, exactly, that's so true.
Speaker 2: I think with that, let's take this conversation offline. Let's
Speaker 2: go buy a six dollar fifty coffee and talk about
Speaker 2: a real thought about people paying for hens parties. Yeah,
Speaker 2: all right, guys, have a good Friday, and we hope
Speaker 2: you enjoy the weekend and we will see you bright
Speaker 2: early on Monday for a money diary by guys.
Speaker 3: Bye.
Speaker 7: The advice shared on She's on the Money is general
Speaker 7: in nature and does not consider your individual circumstances. She's
Speaker 7: on the Money exists purely for educational purposes and should
Speaker 7: not be relied upon to make an investment or financial decision.
Speaker 7: If you do choose to buy a financial product, read
Speaker 7: the PDS TMD and obtain appropriate financial.
Speaker 2: Advice tailored towards your needs.
Speaker 7: Victoria Divine and She's on the Money are authorized representatives
Speaker 7: of money.
Speaker 3: Sheper Pty Ltd
Speaker 7: ABN three two one is six four nine two seven
Speaker 7: seven zero eight AFSL four five one two eight nine