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Speaker 1: Hello.

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Speaker 2: My name is Satasha Nabananga Bamblet. I'm a proud Yr

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Speaker 2: the Order Kerni Whaltbury and a waddery woman. And before

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

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

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

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

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

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

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it.

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Speaker 3: She's on the Money. She's on the Money.

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

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Speaker 1: that lets you be pervy about other people's money habits

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Speaker 1: for educational purposes, of course. Welcome back to another episode

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Speaker 1: of our Money Daries, where I get the absolute pleasure

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Speaker 1: of sitting down and talking to one of our incredible

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Speaker 1: She's on the Money community members all about their journey.

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Speaker 1: Let's jump straight into it, because this week I got

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Speaker 1: a message and it sounded exactly like this, Dear She's

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Speaker 1: on the Money. I grew up seeing my parents go

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Speaker 1: through bankruptcy and while I was only about nine at

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Speaker 1: the time. It had a lasting effect on me, and

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Speaker 1: so I'm the opposite. But my partner, on the other hand,

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Speaker 1: has struggled with addiction to smoking and alcohol, which put

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Speaker 1: him in debt. So I had to get involved and

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Speaker 1: help him manage his finances and get him back on track.

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Speaker 1: Now we are debt free and we are seeing a

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Speaker 1: financial advisor to set us up for our future. But honestly,

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Speaker 1: I feel like I'm pulling my husband along for the

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Speaker 1: ride money dorist. I feel like this is going to

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Speaker 1: be a little bit of a relatable one for all

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Speaker 1: the people who listen to She's on the Money, but

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Speaker 1: maybe their partners aren't as brought in as they are.

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Speaker 1: So I've write in Money direst, could you let me

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Speaker 1: know what you think your money habits are. If I

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Speaker 1: asked you to give them a grade from A through to.

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Speaker 4: F, I would probably give it an A because I

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Speaker 4: feel like I'm on top of my money and I

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Speaker 4: consider myself good at saving and have also helped my

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Speaker 4: partner get into a similar position. But also I would

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Speaker 4: love to get a little bit more educated in the

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Speaker 4: realm of investing, as I've only just kind of started

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Speaker 4: to dabble my toes into that.

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Speaker 1: I love that and I adore that. You're like, no,

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Speaker 1: I'm in a because so many women undervalue how good

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Speaker 1: they are at money, Like They're all like, oh, I'm

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Speaker 1: a C. And then I'm like, are you really a C?

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Speaker 1: Because we just went through how good you are at money?

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Speaker 1: I love that? So can we dive a bit further in?

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Speaker 1: You told us in your letter in a little bit

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Speaker 1: about your money story, but I need to know more money, Darrest.

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Speaker 1: Can you tell me a bit more about that money

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Speaker 1: story of yours?

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Speaker 4: Yeah, So I grew up with my family, so my

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Speaker 4: brother and my parents, and they went through some struggles,

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Speaker 4: some hardships early on positive ending to their story, but

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Speaker 4: they pretty much were the type of people that would

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Speaker 4: take on any job. They did things from cleaning to

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Speaker 4: office work. My mum even worked in an avatar at

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Speaker 4: one point, so they pretty much took on whatever they

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Speaker 4: could put food on the table, which was fantastic. But unfortunately,

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Speaker 4: I remember the memory of our car being repossessed, and

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Speaker 4: that's just something that's kind of just stuck in the

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Speaker 4: back of my head and it made me certainly be

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Speaker 4: aware of money and the fact that money was spent

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Speaker 4: on things, And so when I was growing up, I

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Speaker 4: consciously thought about the opportunities that were given to me

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Speaker 4: and whether I should take those opportunities or not, and

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Speaker 4: if they cost my parents' money, I was more inclined

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Speaker 4: to not tell them about it. But obviously kids being kids,

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Speaker 4: I did have some opportunities come my way that I'm like,

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Speaker 4: I really want to do that, and I knew my

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Speaker 4: parents would make that happen for me if I wanted

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Speaker 4: to do that.

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Speaker 1: Yeah, I love that. Can I ask a little bit

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Speaker 1: more about that experience of getting your car repossessed, because

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Speaker 1: like you were like nine, you said, so you were

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Speaker 1: quite young. But was that like a really traumatic experience

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Speaker 1: or was that something that you know, after it happened

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Speaker 1: your parents were really upset, or like, what about that

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Speaker 1: really stuck in your mind?

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Speaker 4: I think it was just the image of seeing the

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Speaker 4: car being towed away and my mom's reaction to that.

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Speaker 4: So my mom was obviously quite devastated, was upset, and

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Speaker 4: that's just something that's kind of stuck in my brain.

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Speaker 4: I couldn't tell you, you know, the circumstances as to

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Speaker 4: how that happened or anything around that. It's just something

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Speaker 4: that I remember, and I could be remembering it wrong

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Speaker 4: for all I know.

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Speaker 1: No, but it is like a pivotal moment in your journey,

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Speaker 1: and it's always something like that that you're like, it

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Speaker 1: was that moment that I was like, Wow, that's something

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Speaker 1: I never want to experience as an adult.

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Speaker 4: Yeah, for sure.

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Speaker 1: So talk to me a little bit more about what

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Speaker 1: you do now for work and how much money you earn.

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Speaker 4: So I'm a teacher, so I suppose giving myself an

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Speaker 4: a I'm used to grading things.

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Speaker 1: Now, so she's accurate.

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Speaker 4: I would like to think I'm on point with grading.

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Speaker 4: So I'm a teacher. I've been teaching about nine ten years,

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Speaker 4: and I'm currently earning one hundred and sixteen thousand plus.

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Speaker 1: Super very cool. And how long did it take you

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Speaker 1: to get to earning like one hundred and sixteen thousand?

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Speaker 1: Do you remember like your first salary as a teacher.

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Speaker 1: What did that look like?

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Speaker 4: I think the first salary was probably somewhere around the

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Speaker 4: sixty seventy thousand dollar mark. It's not too bad, not

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Speaker 4: too bad, like a good starting out, you know. I mean,

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Speaker 4: I did go to UNI and did two degrees to

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Speaker 4: get there, so it was nice having that fairly solid

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Speaker 4: income coming in that I certainly wasn't used to it

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Speaker 4: at the time.

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Speaker 1: No, I love that. And earlier you said, like, hey,

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Speaker 1: my parents would literally do any job like they did cleaning,

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Speaker 1: they did, you said, office work, and your mum even

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Speaker 1: at one point worked in an abatois. Like did your

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Speaker 1: parents I'm assuming they didn't go to university? What was

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Speaker 1: that like? Getting to graduate from UNI and your parents

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Speaker 1: having not had the opportunity to have a career as

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Speaker 1: much as you did.

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Speaker 4: It was a good feeling to feel like I had

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Speaker 4: accomplished something. And I think I made them really proud

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Speaker 4: in doing that, because they did. Both of them didn't

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Speaker 4: graduate high school. So my plan was to graduate high

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Speaker 4: school to start off with, and then I also wanted

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Speaker 4: further that and I wanted to graduate UNI and ended

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Speaker 4: up doing two degrees. So I started off with a

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Speaker 4: media degree essentially, and then I went and did a

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Speaker 4: master's of teaching.

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Speaker 1: I love that. I just know that your mum brags

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Speaker 1: about you all the time. She tells all her friends,

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Speaker 1: doesn't she like, she will tell everyone? And what did

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Speaker 1: your brother go on to do?

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Speaker 4: He ended up welding?

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Speaker 1: Oh, she tells everybody. She tells everybody about her two

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Speaker 1: kids in their careers, Like, I adore her. So have

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Speaker 1: you ever had that conversation with your parents? Like, obviously

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Speaker 1: it's such a different world, right where once you've kind

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Speaker 1: of fallen into teaching and if you love it, like

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Speaker 1: it becomes a career in comparison to like your parents,

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Speaker 1: like finding a job and then like trying to find

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Speaker 1: another job and like hopping around to different things. Like

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Speaker 1: I think that's the difference between like work and a career, right,

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Speaker 1: Like do you talk to your parents about that?

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Speaker 4: Not? Like in so many words, but I don't know

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Speaker 4: that particularly. My mum's quite happy that I'm in a

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Speaker 4: stable position that I'm not having to jump from jobs,

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Speaker 4: job or find avenues to make money, so that I'm

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Speaker 4: basically in a position where I don't have to stress

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Speaker 4: about those things totally.

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Speaker 1: And I just know that she's like, she's just excited

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Speaker 1: for you. She's so proud. You mentioned in your letter

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Speaker 1: in that you have a husband, So tell me a

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Speaker 1: little bit about his financial side, like how much money

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Speaker 1: is coming in to the household from his income.

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Speaker 4: So he's recently become a teacher as well, very cool,

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Speaker 4: So he's put in the hard yards to the university

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Speaker 4: part time so that he can have a better money

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Speaker 4: story as well. And now that's kind of finally come

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Speaker 4: into fruition, so it feels like we're actually getting somewhere

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Speaker 4: in that regard. Unfortunately, his main problem was getting a

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Speaker 4: store credit card.

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Speaker 1: Yes, okay, slippery slope. Lots of us have fallen down.

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Speaker 4: A very slippery slope. So a three two hundred dollars

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Speaker 4: item turned into five thousand dollars of debt used on

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Speaker 4: things that weren't from the store, which as we all know,

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Speaker 4: is huge interest.

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Speaker 1: Well, nobody gets those credit cards, being like I'd love

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Speaker 1: to get into debt, Like, no one says that. When

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Speaker 1: they sign up, they think, oh that's a good idea.

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Speaker 4: No no, And so unfortunately that was just something that

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Speaker 4: was snowballing him, and he eventually asked for help because

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Speaker 4: at the time I didn't know anything about it, and

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Speaker 4: so we put some plans in place to try and

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Speaker 4: help him get rid of that debt. Unfortunately, each time

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Speaker 4: we thought we were taking more of that debt, but

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Speaker 4: he kept adding to it. So eventually we just ended

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Speaker 4: up consolidating his debt into one loan that he couldn't

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Speaker 4: basically take money out.

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Speaker 1: Of like I feel like sometimes that's the best outcome.

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Speaker 1: What was that conversation like, because I'm assuming that you

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Speaker 1: were wearing the pants in that conversation and you were like, right,

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Speaker 1: enough is enough? I am taking this off you. We're

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Speaker 1: consolidating it, you're not touching it. How did that go?

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Speaker 1: Because you did say, feel like I'm pulling my house?

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Speaker 1: Been a lot for the right. Yeah.

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Speaker 4: I mean, obviously our money habits are completely different. He's

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Speaker 4: very much a spend what he has kind of person,

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Speaker 4: and if he's got small things that he's wanting to do,

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Speaker 4: he tries to save that money for it. Whether he

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Speaker 4: does or not is kind of up to him. But

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Speaker 4: I basically make sure that I wanted him to be

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Speaker 4: involved in that process. I wanted him to understand my

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Speaker 4: thoughts around it and whether that's what he actually wanted

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Speaker 4: to do. And obviously he didn't want to be in debt,

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Speaker 4: but he was just struggling to figure out how to

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Speaker 4: get out of that. And I felt like I did

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Speaker 4: more of the research and been like, well, what would

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Speaker 4: actually work for him? And after those few failed attempts,

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Speaker 4: I was like, right, I think consolidating is your option

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Speaker 4: because it means you can't access that money, because that's

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Speaker 4: obviously something that he struggles with. If he has access

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Speaker 4: to it, he's going to spend it. So we made

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Speaker 4: that plan together and we went into the bank together

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Speaker 4: so that he was on board with the plan and

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Speaker 4: knew what was happening, and that way he could see

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Speaker 4: the progress as well. And now that we're finally out

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Speaker 4: of that debt, I think he's seeing, especially with the

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Speaker 4: pay increase on his end becoming a teacher, he's now

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Speaker 4: seeing that he can actually save money and that money

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Speaker 4: can be used for things positive things that he can do,

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Speaker 4: so things like going camping, going on trips, spending time

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Speaker 4: with family because we have a two year old and

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Speaker 4: you know, that's just something we can enjoy, rather than

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Speaker 4: being like, oh, we don't have money, or he hasn't

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Speaker 4: got the money to spend on that, or sometimes it's

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Speaker 4: very much. I'm more of an experience this person. I

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Speaker 4: will spend money for experiences, but he'll go, oh, that's

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Speaker 4: too much. I'm not going to spend it because he's

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Speaker 4: usus spending small amounts of money rather than big amounts.

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Speaker 1: If that makes sense, That totally makes sense. So what

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Speaker 1: does that mean when it comes to your big money

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Speaker 1: goals at the moment, what are you guys currently working towards?

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Speaker 1: Because I feel like you've got that like fresh clean

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Speaker 1: slate and it sounds like we're a two year old

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Speaker 1: at home. You've got a lot of motivation to build right. Yes.

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Speaker 4: Yes, so I've always been goal oriented. I'm always saving

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Speaker 4: for something, and I like to spend big lumps of

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Speaker 4: money on things because I feel more accomplished that way.

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Speaker 1: It does feel pretty good, doesn't it. Like I don't

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Speaker 1: know everybody different sources for different courses, right, but like

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Speaker 1: when you finally achieve something and you're like, that was

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Speaker 1: a solid five grand like in it. Yeah, that just

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Speaker 1: feels good, doesn't it.

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Speaker 4: I like spending more than two thousand dollars at a time,

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Speaker 4: so whether it's a car, or a laptop or a

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Speaker 4: new mattress because they're expensive.

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Speaker 1: Oh my god, why are they so expensive though they

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Speaker 1: are like illegal?

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Speaker 4: Yes, So at the moment, like we kicked off some

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Speaker 4: bigger goals, so we saved together to get married. We

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Speaker 4: then also save for a deposit for our house. So

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Speaker 4: we've now got a house. But our next goals is

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Speaker 4: we're looking to upgrade our house because I don't know

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Speaker 4: about you, but toys just seem to inundate and explode.

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Speaker 1: My entire loud droom looks like the toy library. That's

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Speaker 1: not how I envisioned that loud room to look. And

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Speaker 1: also the house that I thought was, you know, really spacious.

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Speaker 1: I mean it's not a big house by any stretch

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Speaker 1: of the imagination, but pre baby me was like, nah,

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Speaker 1: heaps of space. It's all of a sudden tiny.

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Speaker 4: Yes, I one hundred percent feel that, And this was

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Speaker 4: never going to be our like you know, growing up

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Speaker 4: with kids house. But unfortunately with the COVID and that

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Speaker 4: situation because we moved in during COVID and then after that,

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Speaker 4: houses just went crazy. And now it's like, well, can

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Speaker 4: we even afford to get a bigger place?

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Speaker 1: I know, right, Like it changes the goalposts so much.

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Speaker 4: Yeah, so that's one of our bigger goals. We're also

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Speaker 4: wanting to get another car because one of our current

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Speaker 4: cars is now seventeen years old and it's costing us

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Speaker 4: a fortune whenever we go to get it serviced. So

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Speaker 4: it's at the end of its life.

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Speaker 1: Yeah, I know, thank you. Time to switch out. You

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Speaker 1: mentioned that you saved up, and I have to ask,

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Speaker 1: because I just love love, right, how did you save

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Speaker 1: up for your wedding? And tell me a little bit

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Speaker 1: about that.

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Speaker 4: I was such a control freak, I thould tell me.

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Speaker 4: I had my wedding budget on an Excel spreadsheet, just

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Speaker 4: as my own budget is. I researched how much everything

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Speaker 4: was going to cost, and how much we would like

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Speaker 4: to spend and how much we could afford at the time.

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Speaker 4: We ended up spending about twenty five thousand dollars.

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Speaker 1: Hey, that's good.

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Speaker 4: Yeah. I pretty much looked at our values, what were

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Speaker 4: the things that we must have, what were the things

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Speaker 4: that we could kick to save money, and yeah, we

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Speaker 4: made those decisions together, which was lovely. I wanted him

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Speaker 4: a part of it, so he went to most of

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Speaker 4: the meetings and we sorted out what we wanted to

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Speaker 4: do and yeah, so things like, for example, I'm not

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Speaker 4: a big flower person, so I pretty much just had

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Speaker 4: the bouquets and that was about it. That's so fair,

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Speaker 4: And flowers are so expensive.

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Speaker 1: Oh don't even I am a flower person, So you

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Speaker 1: can imagine what that looked like if you were a

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Speaker 1: flower person and then you also get married. It's ugly.

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Speaker 1: It's not good.

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Speaker 4: No, no, everything's expensive, to be honest. It's like when

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Speaker 4: I got my first loan for a car, and I

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Speaker 4: vowed off personal loans since then because when I calculated

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Speaker 4: the numbers and how much I was actually paying for

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Speaker 4: that car in the end with the interest, I was like, no,

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Speaker 4: that's crazy. Vowed to pay it off early. I did.

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Speaker 4: I paid it off about two years early. Oh good.

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Speaker 4: And then I got charge fifty dollars for every month

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Speaker 4: that was left out standing on that loan.

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Speaker 1: Why are they so shady?

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Speaker 4: Very shady? But I learned from that experience, and so

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Speaker 4: when we were planning for a baby, I was like, well,

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Speaker 4: we need a family car, something that I'm not going

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Speaker 4: to hurt my back getting baby in and out totally.

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Speaker 4: And so I got a bigger car and I saved

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Speaker 4: up forty one thousand dollars in about a year and

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Speaker 4: a half.

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Speaker 1: What do you want to run this podcast? Because like,

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Speaker 1: I feel like you're just really good at money.

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Speaker 4: I do like saving I must have been guys.

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Speaker 1: Guys. Side note, she said she was a nay. The

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Speaker 1: story is checking out. The story is absolutely checking I

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Speaker 1: believe her.

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Speaker 4: So yeah, forty one thousand dollars. So that's probably one

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Speaker 4: of my biggest accomplishments. I mean, when I was able

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Speaker 4: to save essentially one thousand dollars a fortnight.

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Speaker 1: That's crazy, like so cool.

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Speaker 4: I was making sure that I could get that car

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Speaker 4: when I needed to, and that was a brand new

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Speaker 4: car because at the time, that was the time when

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Speaker 4: you couldn't get a brand new car because they were

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Speaker 4: like a year out on the boat and all the

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Speaker 4: secondhand cars were just jacked up in price.

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Speaker 1: Oh yeah, it was crazy.

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Speaker 4: And I was looking at the new cars and they

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Speaker 4: weren't that much more expensive. It was like a couple

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Speaker 4: grand more. And I was like, I wasn't in a rush.

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Speaker 4: Baby was still like a year off, and so I

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Speaker 4: just ordered it and it ended up coming in early,

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Speaker 4: so I had to find that money and make sure

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Speaker 4: that that was saved in time.

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Speaker 1: Yes, Love, talk to me about this baby planning process,

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Speaker 1: because if you say, oh, the baby was like a

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Speaker 1: year off, obviously that's a planned baby because you can't

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Speaker 1: just have a baby in twelve months. I don't know

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Speaker 1: if you guys know how pregnancy works, but that's not

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Speaker 1: how long it takes. So did you guys go all right?

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Speaker 1: We're going to get our ducks in a row, We're

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Speaker 1: going to get the car. Then we're going to have

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Speaker 1: a baby, or like, what did that planning process look like,

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Speaker 1: because that's another financial nightmare.

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Speaker 4: Yeah, we always wanted to have kids. The planers have kids.

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Speaker 1: I mean you're both teachers now, so like this story

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Speaker 1: makes a lot of sense.

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Speaker 4: Yeah, we both wanted kids. I particularly wanted to be

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Speaker 4: married before I had kids. It's just my personal preference.

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Speaker 4: We saved for the wedding, so we figured out based

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Speaker 4: on the current income and how much we could save,

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Speaker 4: particularly so that we were both saving the same amount,

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Speaker 4: because that was just where my head was at at

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Speaker 4: that time. We both saved four the wedding, and unfortunately

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Speaker 4: the wedding got postponed because of COVID. So our wedding

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Speaker 4: got postponed that week because that was when they dropped

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Speaker 4: it to five people can attend.

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Speaker 1: I don't want to have a wedding if there's only

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Speaker 1: five people attending, and I've already planned literally everything with

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Speaker 1: my spreadsheet, I might just wait.

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Speaker 4: Yes, so that got postponed, which is fine because all

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Speaker 4: the vendors were able to make that date all what

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Speaker 4: one So that was fantastic news. We then basically the

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Speaker 4: wedding had already been paid for at that point, so

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Speaker 4: we had an extra year. So that extra year, I

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Speaker 4: was basically just saving, just saving in general. So I

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Speaker 4: was saving predominantly for baby, because we knew we'd have to,

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Speaker 4: you know, buy the cot and the bassinet and all

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Speaker 4: the bits and pieces that cost lots of money, and

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Speaker 4: they add up very quickly. So I decided to have

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Speaker 4: that money aside, particularly as well for when I'm a

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Speaker 4: matt leave or like if I'm going to be part time.

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Speaker 4: I just wanted a buffer there so that if we

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Speaker 4: needed it, we could one.

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Speaker 1: And if you can plan it, like, it's just a

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Speaker 1: much easier process to go through, like if you've got

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Speaker 1: more of like a run up. And I mean not

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Speaker 1: everyone has that grace, but you were obviously like, okay,

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Speaker 1: I'm planning this to a t. Were you obviously grateful

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Speaker 1: for that. Once baby did come around, You're like, oh,

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Speaker 1: my goodness, what will we have done? And if we

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Speaker 1: didn't plan.

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Speaker 4: One hundred percent, I don't know how people do not

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Speaker 4: plan to like all of a sudden be pregnant and

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Speaker 4: be like, oh, now there's all this money we need

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Speaker 4: to find.

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Speaker 1: It would be so stressful, Like I'm very lucky that

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Speaker 1: I also planned my pregnancy and all of that stuff,

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Speaker 1: but like sometimes it just happens, and like that's fine,

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Speaker 1: But my goodness, the amount of stress that these mums

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Speaker 1: and parents would be going through being like, Okay, so

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Speaker 1: we have nine months and we have nothing.

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Speaker 4: Yeah, and the first is always the most expensive. So

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Speaker 4: we're planning for our second now, and so thankfully, I

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Speaker 4: don't think it's going to be as costly, Like we've

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Speaker 4: got all the starters, you've got.

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Speaker 1: All the paraphernalia. Yeah, you've already got the big car,

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Speaker 1: You've got the basinet. And I mean, honestly, like to

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Speaker 1: distill it down because I don't want to scare people.

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Speaker 1: I think the newborns aren't too expensive, Like at the

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Speaker 1: end of the day, they really don't need much. But

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Speaker 1: in twenty twenty five, the Internet would have you think

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Speaker 1: that you need everything under the sun for them. You

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Speaker 1: need the fancy carrier, you need the fancy bascinet. If

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Speaker 1: you don't have this particular item, what are you doing?

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Speaker 1: And like, from my perspective, say, fore place to sleep,

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Speaker 1: some type of transport, like do you need a pram?

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Speaker 1: Or something, because that'll make it a lot easier on

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Speaker 1: your back, and like how are you feeding and clothing

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Speaker 1: the baby? And like that's where you should start. So

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Speaker 1: I don't want people thinking, oh, my goodness, like you know,

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Speaker 1: it's going to cost so much, but life will be

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Speaker 1: a lot more comfortable if you're able to create a

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Speaker 1: buffer and do a like baby budget. So I know

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Speaker 1: you had a spreadsheet for this money, darist, how much

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Speaker 1: do you think it cost to set up for a

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Speaker 1: baby or for you? Not for everybody, but for you.

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Speaker 4: Weirdly, you'd think I had a spreadsheet, but I really didn't.

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Speaker 1: I love that I did know. I was like, oh,

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Speaker 1: this girl is a spreadsheet queen, and I'm sure you'll

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Speaker 1: agree and say I am, But like, why no baby spreadsheet?

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Speaker 4: I think because I had enough money saved that I

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Speaker 4: was like, this will be enough, and I was just

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Speaker 4: going to chip into it. Like I had done my research.

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Speaker 4: I'd looked into the prices of things. But I was

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Speaker 4: also quite friggle in some regards as well. So for

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Speaker 4: me looking at a pram or like a pram is,

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Speaker 4: as you said, a mode of transport. It didn't have

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Speaker 4: to be fancy dancy for me. Some of the prams,

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Speaker 4: you know, they're like two thousand dollars, and I'm like,

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Speaker 4: I'm paying for the leather and a peak few to

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Speaker 4: be able to see my child. And I ended up

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Speaker 4: buying a cheap PRAM and buying leather to put onto it.

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Speaker 4: Oh nice, And then I can just peek out the

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Speaker 4: front of my PRAM. I don't need a little pick window, certainly,

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Speaker 4: not one that costs five hundred dollars.

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Speaker 1: It's crazy, right, And like, don't get me wrong, because

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Speaker 1: I'm probably on the other end of that, Like I

437
00:20:31,080 --> 00:20:34,879
Speaker 1: love my pram, but like I just I really enjoyed it.

438
00:20:35,040 --> 00:20:37,840
Speaker 1: But like it's so funny talking to other moms, They're like, yeah,

439
00:20:37,880 --> 00:20:40,600
Speaker 1: I prioritize this or not that. What do you reckon?

440
00:20:40,640 --> 00:20:43,280
Speaker 1: Was your bougiest baby purchase that was worth it?

441
00:20:43,320 --> 00:20:45,639
Speaker 4: I honestly couldn't tell you. I don't think I really

442
00:20:45,680 --> 00:20:49,560
Speaker 4: have a big bougie purchase. I mean my car is

443
00:20:49,560 --> 00:20:53,840
Speaker 4: the big one because my back would have been out,

444
00:20:53,880 --> 00:20:56,440
Speaker 4: Like I had a lower car, and my back has

445
00:20:56,480 --> 00:20:59,600
Speaker 4: always been bad in general from my previous car accident.

446
00:21:00,119 --> 00:21:02,399
Speaker 4: So just the thought of getting a baby in and

447
00:21:02,440 --> 00:21:06,040
Speaker 4: out of a low car was certainly not my to

448
00:21:06,119 --> 00:21:06,560
Speaker 4: do list.

449
00:21:06,800 --> 00:21:07,680
Speaker 1: That's so fair.

450
00:21:07,880 --> 00:21:10,440
Speaker 4: I love my change table. I know some people never

451
00:21:10,560 --> 00:21:12,399
Speaker 4: use their change table. They buy a change table and

452
00:21:12,440 --> 00:21:13,080
Speaker 4: never use it.

453
00:21:13,240 --> 00:21:16,119
Speaker 1: See, isn't it crazy having this conversation because I'm like, oh,

454
00:21:16,160 --> 00:21:18,080
Speaker 1: I love my PRAM and you're like, oh no, don't

455
00:21:18,080 --> 00:21:20,439
Speaker 1: care about the PRAM change table. I'm like, we're not

456
00:21:20,560 --> 00:21:22,400
Speaker 1: all changing our babies on the floor.

457
00:21:23,760 --> 00:21:25,280
Speaker 4: I don't. She just wriggles more.

458
00:21:25,960 --> 00:21:28,479
Speaker 1: Yeah, I feel like I have a child Ninja like

459
00:21:28,600 --> 00:21:30,720
Speaker 1: he now the second is nappy's off. He's like, it's

460
00:21:30,760 --> 00:21:32,680
Speaker 1: go time. We've got to leave. I've got to leave.

461
00:21:32,720 --> 00:21:35,080
Speaker 1: I've got to evacuate the building in point two seconds,

462
00:21:35,160 --> 00:21:37,600
Speaker 1: and then like he will do anything to weasel away

463
00:21:37,600 --> 00:21:37,919
Speaker 1: from me.

464
00:21:38,160 --> 00:21:40,119
Speaker 4: Yeah. I feel like at least the change table that

465
00:21:40,400 --> 00:21:43,240
Speaker 4: they contained to the table, that's fair, unless they really

466
00:21:43,240 --> 00:21:45,000
Speaker 4: have no fear and want to jump off it. But

467
00:21:45,080 --> 00:21:48,920
Speaker 4: thankfully mine does have fear. Yeah, I think the change

468
00:21:48,920 --> 00:21:52,240
Speaker 4: table like not that it was a expensive purchase. In fact,

469
00:21:52,560 --> 00:21:54,480
Speaker 4: I'm one of those people. I don't like white. I'm

470
00:21:54,480 --> 00:21:58,600
Speaker 4: a black girl, and so unfortunately all the change tables

471
00:21:58,600 --> 00:22:00,920
Speaker 4: were white, so I ended up spray painting mine.

472
00:22:01,080 --> 00:22:03,560
Speaker 1: I know, I am also a black Girl. So I

473
00:22:03,600 --> 00:22:06,560
Speaker 1: have a black cot. I have black furniture in Halvey's room,

474
00:22:06,640 --> 00:22:09,880
Speaker 1: black everything, Like you would have thought that it would

475
00:22:09,880 --> 00:22:11,840
Speaker 1: have just come in black and white. Turns out it

476
00:22:11,880 --> 00:22:12,240
Speaker 1: does not.

477
00:22:12,760 --> 00:22:14,639
Speaker 4: No, it does not, and so I spray painted it.

478
00:22:15,280 --> 00:22:15,960
Speaker 1: I love that.

479
00:22:16,359 --> 00:22:19,199
Speaker 4: Yeah, I don't really have a big bougie purchase on

480
00:22:19,320 --> 00:22:21,040
Speaker 4: behalf of my kid, to be honest.

481
00:22:20,920 --> 00:22:23,159
Speaker 1: No, I love it. But it's so good that we

482
00:22:23,240 --> 00:22:25,879
Speaker 1: can talk about these things and it has shown us

483
00:22:26,000 --> 00:22:28,880
Speaker 1: very quickly, like everyone's values are so different. So when

484
00:22:28,880 --> 00:22:32,439
Speaker 1: you're talking about baby budgets, like your budget would be

485
00:22:32,520 --> 00:22:35,000
Speaker 1: significantly different to my budget, and what you're willing to

486
00:22:35,000 --> 00:22:36,840
Speaker 1: spend money on is going to be different to what

487
00:22:36,920 --> 00:22:39,560
Speaker 1: I would prioritize. And I think that's really fun.

488
00:22:39,320 --> 00:22:42,920
Speaker 4: And weirdly and our finally recently, so I'm recently new

489
00:22:42,960 --> 00:22:45,560
Speaker 4: to your podcast. So I started this year this year.

490
00:22:45,880 --> 00:22:49,800
Speaker 1: Oh she's new new, welcome, thank you for joining us.

491
00:22:49,960 --> 00:22:51,600
Speaker 4: And I'm one of those people that I can't read

492
00:22:51,600 --> 00:22:55,160
Speaker 4: a book halfway through, so I started from the beginning.

493
00:22:56,160 --> 00:22:58,400
Speaker 4: So I'm still listening to Georgia king.

494
00:22:58,480 --> 00:23:00,920
Speaker 1: Oh gee king On too, gone on to her. She's

495
00:23:00,960 --> 00:23:03,240
Speaker 1: still living in London. For those of you who want

496
00:23:03,240 --> 00:23:05,000
Speaker 1: a little bit of a check in. She's live, love,

497
00:23:05,080 --> 00:23:09,280
Speaker 1: loving life, and she's thriving. I miss her, like she's good.

498
00:23:09,359 --> 00:23:12,800
Speaker 4: Huh, yeah, she's good to listen to. So I recently

499
00:23:13,119 --> 00:23:16,600
Speaker 4: listened to the Baby episode about budgeting for a baby.

500
00:23:16,760 --> 00:23:18,600
Speaker 4: I think someone said the stats of you know, it

501
00:23:18,640 --> 00:23:22,960
Speaker 4: costs between like like there was a huge range and

502
00:23:23,000 --> 00:23:24,360
Speaker 4: I completely know why.

503
00:23:24,200 --> 00:23:25,840
Speaker 1: Now yeah, And do you know what, I got a

504
00:23:25,840 --> 00:23:28,160
Speaker 1: lot of flak for that podcast when that one came

505
00:23:28,200 --> 00:23:31,719
Speaker 1: out because people were like, oh, Victoria's wildly inaccurate, like,

506
00:23:31,760 --> 00:23:34,439
Speaker 1: this is not what it costs cost me x and

507
00:23:34,600 --> 00:23:36,919
Speaker 1: you know she's quoting why. And I remember being like,

508
00:23:37,240 --> 00:23:39,439
Speaker 1: my goodness because I wasn't a mum when I posted that.

509
00:23:39,760 --> 00:23:42,560
Speaker 1: And I remember being like, oh, I'm feeling really guilty

510
00:23:42,600 --> 00:23:44,840
Speaker 1: because I put so much time, energy and effort into

511
00:23:44,880 --> 00:23:47,239
Speaker 1: researching that to make sure that it was, you know,

512
00:23:47,560 --> 00:23:49,600
Speaker 1: very accurate. And I was asking at the time, I

513
00:23:49,640 --> 00:23:52,359
Speaker 1: was an advisor and I was asking my clients like, oh,

514
00:23:52,480 --> 00:23:54,320
Speaker 1: is this right? You know how much did it? What's

515
00:23:54,320 --> 00:23:56,000
Speaker 1: this snow? Like? What does that cost?

516
00:23:56,160 --> 00:23:56,359
Speaker 2: You know?

517
00:23:56,440 --> 00:23:58,639
Speaker 1: Do you need one? All of that stuff right? And

518
00:23:58,680 --> 00:24:00,840
Speaker 1: now I look back on it that I am a mum,

519
00:24:01,040 --> 00:24:03,239
Speaker 1: and I'm like, oh no, I was right, Like I

520
00:24:03,280 --> 00:24:05,679
Speaker 1: get that you guys had a different experience, but like,

521
00:24:05,760 --> 00:24:08,120
Speaker 1: this is just the average, This is just the statistics.

522
00:24:08,160 --> 00:24:11,600
Speaker 1: This is what it costs people. And like, if you're planning,

523
00:24:11,720 --> 00:24:14,639
Speaker 1: as you probably know, like, is it not better to

524
00:24:14,680 --> 00:24:17,240
Speaker 1: overshoot your shot and then be happy that you have

525
00:24:17,280 --> 00:24:20,080
Speaker 1: a little bit of surplus than to have not, you know,

526
00:24:20,320 --> 00:24:23,840
Speaker 1: budgeted enough because having a baby is stressful enough one

527
00:24:23,920 --> 00:24:26,600
Speaker 1: hundred percent. So money, darrest, I need to know. Tell

528
00:24:26,600 --> 00:24:29,000
Speaker 1: me you've done the wedding, you did it well. You've

529
00:24:29,040 --> 00:24:31,800
Speaker 1: bought the house, You've done that well, yes, you're planning

530
00:24:31,800 --> 00:24:34,560
Speaker 1: on upgrading. Do you have any other big money goals

531
00:24:34,600 --> 00:24:36,000
Speaker 1: you're currently working towards.

532
00:24:36,119 --> 00:24:40,480
Speaker 4: No, really, only just replacing our old car and the house. Unfortunately,

533
00:24:40,480 --> 00:24:43,399
Speaker 4: I feel like it and the baby obviously, but it

534
00:24:43,400 --> 00:24:46,320
Speaker 4: feels like all of those three goals I want to

535
00:24:46,320 --> 00:24:48,280
Speaker 4: do like in the next couple of years. And so

536
00:24:48,359 --> 00:24:48,800
Speaker 4: it just.

537
00:24:48,840 --> 00:24:50,840
Speaker 1: Feels you just want to go bang bang bang. It

538
00:24:50,840 --> 00:24:53,080
Speaker 1: feels expensive, it feels like too much.

539
00:24:53,119 --> 00:24:56,159
Speaker 4: It's kind of overwhelming, particularly the house, because just the

540
00:24:56,240 --> 00:24:58,959
Speaker 4: way the market is, it's like, I don't even it

541
00:24:58,960 --> 00:25:01,840
Speaker 4: gives me anxiety. Just think about how that's going to work.

542
00:25:02,040 --> 00:25:04,480
Speaker 1: Yeah, totally. All right, let's go to a really quick

543
00:25:04,480 --> 00:25:06,120
Speaker 1: break because I want to keep chatting to you. I've

544
00:25:06,119 --> 00:25:08,200
Speaker 1: got a lot of questions and we'll get to them

545
00:25:08,240 --> 00:25:14,320
Speaker 1: in just a minute or at money Durst. We are

546
00:25:14,440 --> 00:25:17,320
Speaker 1: back and I want to talk a bit more about investing.

547
00:25:17,560 --> 00:25:19,920
Speaker 1: So talk to me about your investing journey. You mentioned

548
00:25:19,960 --> 00:25:22,560
Speaker 1: that you're new to our community, which I love. We've

549
00:25:22,560 --> 00:25:26,160
Speaker 1: been getting some new friends in twenty twenty five. Are

550
00:25:26,200 --> 00:25:28,919
Speaker 1: you on your investing journey? If not, why not? If so,

551
00:25:29,040 --> 00:25:30,480
Speaker 1: what is it I am.

552
00:25:30,400 --> 00:25:33,840
Speaker 4: On my investing journey. I do have about five hundred

553
00:25:33,840 --> 00:25:38,480
Speaker 4: dollars in micro investing love money from this podcast. That's

554
00:25:38,560 --> 00:25:39,719
Speaker 4: kind of prompted me to do that.

555
00:25:39,960 --> 00:25:43,720
Speaker 1: Ah, I love this. I can't tell you how much

556
00:25:43,800 --> 00:25:45,639
Speaker 1: genuine enjoy I get when people are like, oh, I

557
00:25:45,680 --> 00:25:48,280
Speaker 1: listen to your podcast and now I invest I'm like, yes,

558
00:25:48,440 --> 00:25:49,560
Speaker 1: this is the best.

559
00:25:49,880 --> 00:25:52,600
Speaker 4: So I have that five hundred dollars in that and

560
00:25:52,760 --> 00:25:55,960
Speaker 4: that's kind of my designated money for my daughter. So

561
00:25:56,119 --> 00:25:58,080
Speaker 4: that's my way of being like, that's her kind of

562
00:25:58,119 --> 00:26:01,440
Speaker 4: fun for when she's older, her to use however she wishes.

563
00:26:02,200 --> 00:26:05,120
Speaker 4: And this podcast has also prompted me to go see

564
00:26:05,119 --> 00:26:06,280
Speaker 4: a financial advisor.

565
00:26:06,560 --> 00:26:08,880
Speaker 1: Love. Well, I mean, you two are earning really good

566
00:26:08,880 --> 00:26:11,800
Speaker 1: money and have like your stuff together. You've got a house,

567
00:26:11,840 --> 00:26:13,760
Speaker 1: You've done the wedding. You're like, I just feel like

568
00:26:13,800 --> 00:26:14,639
Speaker 1: that's a good idea.

569
00:26:14,840 --> 00:26:17,120
Speaker 4: Yeah, I just wanted to see if we could make

570
00:26:17,640 --> 00:26:19,520
Speaker 4: Now that we've kicked off some of the bigger goals,

571
00:26:19,560 --> 00:26:21,000
Speaker 4: it was like, I just wanted to see if we

572
00:26:21,000 --> 00:26:23,000
Speaker 4: can make our money work for us a bit harder.

573
00:26:24,000 --> 00:26:27,480
Speaker 4: So after seeing a financial advisor, I now have put

574
00:26:27,760 --> 00:26:31,800
Speaker 4: about ten thousand dollars into education bonds.

575
00:26:32,000 --> 00:26:35,919
Speaker 1: Oh exciting. That's a lot of money. She's really bitten

576
00:26:35,960 --> 00:26:37,320
Speaker 1: it and gone, let's go.

577
00:26:37,680 --> 00:26:39,439
Speaker 4: Yeah. So once I'm in there because I had that

578
00:26:39,520 --> 00:26:41,800
Speaker 4: just sitting in savings at the time, and that this

579
00:26:41,920 --> 00:26:45,600
Speaker 4: was only probably a couple of months ago. And now

580
00:26:45,640 --> 00:26:48,639
Speaker 4: I've set up to put about twenty three hundred a

581
00:26:48,680 --> 00:26:51,720
Speaker 4: month into that advessement account.

582
00:26:51,960 --> 00:26:54,239
Speaker 1: I love that. Oh my goodness. I'm not gonna lie

583
00:26:54,240 --> 00:26:56,000
Speaker 1: when you said I'm new to the podcast and like

584
00:26:56,040 --> 00:26:58,320
Speaker 1: I've had all these other really big financial goals. I'm

585
00:26:58,359 --> 00:27:01,160
Speaker 1: thinking like, she's you know, maybe only very very very

586
00:27:01,160 --> 00:27:03,840
Speaker 1: early on. Girl, You're like, smashing everybody out of the water.

587
00:27:03,960 --> 00:27:06,360
Speaker 1: No wonder you said, I am an a. I can

588
00:27:06,480 --> 00:27:08,560
Speaker 1: see that. I love that.

589
00:27:08,520 --> 00:27:10,320
Speaker 4: By dipping the toes, I mean, I've only just done

590
00:27:10,320 --> 00:27:12,760
Speaker 4: it in the last couple of months. But when I go,

591
00:27:12,800 --> 00:27:14,880
Speaker 4: I go hard. What do you mean dipping the toes?

592
00:27:14,920 --> 00:27:17,760
Speaker 1: Like you've just gone okay, I'm so zero to five thousand,

593
00:27:17,880 --> 00:27:18,280
Speaker 1: let's go.

594
00:27:18,520 --> 00:27:21,480
Speaker 4: I have maybe dived in. It is a better analogy.

595
00:27:21,600 --> 00:27:24,040
Speaker 1: And now I really understand the comment where you said

596
00:27:24,320 --> 00:27:27,400
Speaker 1: I feel like I'm pulling my husband along for the ride. Yes, queen,

597
00:27:27,440 --> 00:27:29,240
Speaker 1: you are, like you get on, we're going.

598
00:27:29,640 --> 00:27:31,960
Speaker 4: I dragged into the financial Advisor's like I don't know

599
00:27:32,000 --> 00:27:34,240
Speaker 4: why we were doing this, but you know, sure, I'm

600
00:27:34,280 --> 00:27:36,560
Speaker 4: in for the ride, and he's like, yeah, everything makes sense,

601
00:27:37,280 --> 00:27:40,320
Speaker 4: let's do it. And I'm like, cool, I'm so excited.

602
00:27:40,560 --> 00:27:43,119
Speaker 1: And you know what, It's nice that he understands it

603
00:27:43,200 --> 00:27:46,280
Speaker 1: but also gets that, like you're clearly excited about this,

604
00:27:46,359 --> 00:27:50,159
Speaker 1: So he's like supportive of you, but also clearly respects you, know,

605
00:27:50,520 --> 00:27:53,000
Speaker 1: your advice, because he let you get him out of

606
00:27:53,040 --> 00:27:55,600
Speaker 1: debt and go through all of that together. Like I'm

607
00:27:55,600 --> 00:27:58,399
Speaker 1: assuming you have a pretty strong relationship because that's what

608
00:27:58,480 --> 00:27:59,400
Speaker 1: I'm picking.

609
00:27:59,119 --> 00:28:02,320
Speaker 4: Up there, we do. I think he sees the light

610
00:28:02,359 --> 00:28:03,800
Speaker 4: at the end of the tunnel now that we are

611
00:28:03,880 --> 00:28:06,679
Speaker 4: out of debt and he can finally save his money

612
00:28:07,080 --> 00:28:09,479
Speaker 4: for things that he actually is generally passionate about. So

613
00:28:10,119 --> 00:28:13,040
Speaker 4: he loves his footy and now he's actually able to

614
00:28:13,040 --> 00:28:16,280
Speaker 4: go to footy games quite frequently, partly because of his

615
00:28:16,440 --> 00:28:18,760
Speaker 4: change of work as well, because he used to work

616
00:28:19,119 --> 00:28:22,000
Speaker 4: night shifts made it hard. So you know, his change

617
00:28:22,000 --> 00:28:25,399
Speaker 4: of job as well as his financial side of things,

618
00:28:25,440 --> 00:28:29,119
Speaker 4: has meant that he's able to actually have some money

619
00:28:29,160 --> 00:28:31,760
Speaker 4: spared to do the things that he actually loves and enjoys,

620
00:28:32,200 --> 00:28:35,320
Speaker 4: rather than feeling like he's just making do with the

621
00:28:35,359 --> 00:28:36,080
Speaker 4: money he's got.

622
00:28:36,280 --> 00:28:38,520
Speaker 1: Yeah, I love that, And that's I guess what financial

623
00:28:38,520 --> 00:28:41,040
Speaker 1: freedom allows you to have. I think a lot of

624
00:28:41,040 --> 00:28:43,760
Speaker 1: people just assume that financial freedom means you're like working

625
00:28:43,800 --> 00:28:46,280
Speaker 1: towards having millions and millions, and like, don't get me wrong,

626
00:28:46,320 --> 00:28:48,960
Speaker 1: that is true for some people, but just the idea

627
00:28:49,200 --> 00:28:52,720
Speaker 1: that your lifestyle involves enjoying the journey, going to some

628
00:28:52,760 --> 00:28:55,560
Speaker 1: footy games, enjoying like the life that you have, getting

629
00:28:55,560 --> 00:28:57,280
Speaker 1: to spend more time with your two year old, Like

630
00:28:57,360 --> 00:28:59,680
Speaker 1: that's exactly what it's about, or that's what it's about

631
00:28:59,720 --> 00:29:02,680
Speaker 1: for me, pervy Before I moved back on to money questions,

632
00:29:02,680 --> 00:29:03,800
Speaker 1: how did you guys meet.

633
00:29:03,600 --> 00:29:05,400
Speaker 4: We actually went high school together.

634
00:29:05,760 --> 00:29:07,480
Speaker 1: Oh, that's so cute.

635
00:29:07,680 --> 00:29:09,920
Speaker 4: We got together after high school though, Yeah.

636
00:29:09,720 --> 00:29:12,600
Speaker 1: That's okay. Like I wouldn't have dated my husband if

637
00:29:12,640 --> 00:29:13,720
Speaker 1: I met him in high school.

638
00:29:13,800 --> 00:29:17,720
Speaker 4: So funnily enough, he was the person in high school,

639
00:29:17,720 --> 00:29:19,640
Speaker 4: the cocky guy that would go yeah, and about five

640
00:29:19,720 --> 00:29:21,960
Speaker 4: years time, I'm gonna be with you, and yeah, that's

641
00:29:21,960 --> 00:29:22,560
Speaker 4: what happened.

642
00:29:22,680 --> 00:29:26,280
Speaker 1: Oh the audacity. But also, sir, you were not wrong.

643
00:29:26,680 --> 00:29:27,840
Speaker 4: No, he was not wrong.

644
00:29:27,920 --> 00:29:30,160
Speaker 1: Oh my god, he wasn't. Did he actually go, oh,

645
00:29:30,200 --> 00:29:32,480
Speaker 1: we're going to get together. I'll end up marrying you?

646
00:29:32,720 --> 00:29:34,680
Speaker 4: Yeah, in front of my current boyfriend at the time.

647
00:29:34,680 --> 00:29:35,440
Speaker 4: It was a bit weird.

648
00:29:35,640 --> 00:29:37,360
Speaker 1: I mean, was he rong?

649
00:29:37,480 --> 00:29:37,520
Speaker 2: No?

650
00:29:37,560 --> 00:29:38,640
Speaker 4: Who wasn't wrong? In the end.

651
00:29:40,160 --> 00:29:43,520
Speaker 1: That is so funny. It's like when I talked to

652
00:29:43,960 --> 00:29:47,240
Speaker 1: friends and like even on the podcast about Steven my

653
00:29:47,320 --> 00:29:49,520
Speaker 1: first day. On my first day, he's like, so, what

654
00:29:49,560 --> 00:29:51,520
Speaker 1: do you reckon our wedding song will be? And I

655
00:29:51,560 --> 00:29:54,640
Speaker 1: remember being like that should be a red flag, like

656
00:29:54,720 --> 00:29:58,080
Speaker 1: that should like for anybody else listening to this conversation.

657
00:29:58,160 --> 00:30:00,520
Speaker 1: That should have been a really big red flag, but

658
00:30:00,680 --> 00:30:02,520
Speaker 1: I just saw it and thought why not.

659
00:30:02,680 --> 00:30:05,400
Speaker 4: It's amazing how something seem like red flags to some

660
00:30:05,440 --> 00:30:06,760
Speaker 4: people but not to others.

661
00:30:06,920 --> 00:30:09,440
Speaker 1: Yeah. No, like for anybody else, I would have been like, babe,

662
00:30:09,480 --> 00:30:11,200
Speaker 1: that's a lot like are you sure you want to

663
00:30:11,200 --> 00:30:12,960
Speaker 1: go on a second date with this guy? And I did,

664
00:30:13,000 --> 00:30:17,800
Speaker 1: in fact end up marrying him. So anyway took me

665
00:30:17,920 --> 00:30:21,080
Speaker 1: through debt. Let's move back to that. You have a

666
00:30:21,120 --> 00:30:23,960
Speaker 1: mortgage and you're out of personal debt. Is that right?

667
00:30:24,040 --> 00:30:26,400
Speaker 1: So tell me a bit more about your mortgage.

668
00:30:26,480 --> 00:30:28,960
Speaker 4: So, our mortgage is currently sitting at three hundred and

669
00:30:29,040 --> 00:30:33,440
Speaker 4: forty thousand, and our house was originally like four hundred thousand,

670
00:30:34,560 --> 00:30:36,960
Speaker 4: and now it's up in value to like seven hundred

671
00:30:37,000 --> 00:30:40,000
Speaker 4: and twenty thousand or something ridiculous at the moment, what.

672
00:30:40,440 --> 00:30:42,440
Speaker 1: So you purchased for four hundred and it's like worth

673
00:30:42,520 --> 00:30:43,440
Speaker 1: seven twenty now.

674
00:30:43,640 --> 00:30:45,640
Speaker 4: Yeah, it's like I said, the market's gone crazy.

675
00:30:45,720 --> 00:30:47,520
Speaker 1: Yeah, but that also makes a lot of sense as

676
00:30:47,600 --> 00:30:49,640
Speaker 1: to why you're like, Okay, cool, we have this house

677
00:30:49,960 --> 00:30:53,160
Speaker 1: and to move house obviously into a bigger one, you're

678
00:30:53,200 --> 00:30:56,520
Speaker 1: probably looking at like a minimum of eight hundred thousand

679
00:30:56,560 --> 00:30:59,280
Speaker 1: dollars if not more because of how much. And I'm

680
00:30:59,280 --> 00:31:02,160
Speaker 1: assuming there you're in and you're like, wait, hold on,

681
00:31:02,280 --> 00:31:04,520
Speaker 1: I didn't want like eight or nine hundred thousand dollars

682
00:31:04,560 --> 00:31:06,800
Speaker 1: worth of debt, like we started at four hundred. I

683
00:31:06,800 --> 00:31:09,200
Speaker 1: thought that was fair. So what do you think that

684
00:31:09,280 --> 00:31:11,040
Speaker 1: process is going to look like for you? Because that

685
00:31:11,160 --> 00:31:13,800
Speaker 1: is quite stressful, like to go from one to the other.

686
00:31:14,160 --> 00:31:16,520
Speaker 4: It is. I really don't know what the answer is

687
00:31:16,600 --> 00:31:19,320
Speaker 4: because like when I think of, you know, if we build,

688
00:31:19,400 --> 00:31:21,440
Speaker 4: then I don't know what the options are in terms

689
00:31:21,440 --> 00:31:24,600
Speaker 4: of building, because obviously we would prefer to have this

690
00:31:24,640 --> 00:31:27,120
Speaker 4: place and rent it out if we can afford to

691
00:31:27,160 --> 00:31:30,760
Speaker 4: do that. But then obviously if we build, then we're

692
00:31:30,760 --> 00:31:34,560
Speaker 4: having to pay for both mortgages as it's going, which

693
00:31:34,960 --> 00:31:35,880
Speaker 4: is a lot of money.

694
00:31:36,080 --> 00:31:38,000
Speaker 1: Well, yes and no, So I need you to talk

695
00:31:38,040 --> 00:31:40,280
Speaker 1: to a mortgage broker. You can either come and see

696
00:31:40,320 --> 00:31:42,920
Speaker 1: my team at Zella Money, or your financial advisor will

697
00:31:42,960 --> 00:31:45,960
Speaker 1: probably have a really good recommendation of someone that they recommend.

698
00:31:46,640 --> 00:31:49,680
Speaker 1: But when it comes to building, you can actually stage

699
00:31:49,720 --> 00:31:51,719
Speaker 1: your mortgage so you can continue to live in your

700
00:31:51,760 --> 00:31:54,600
Speaker 1: current house and you might not pay for your mortgage

701
00:31:54,640 --> 00:31:58,040
Speaker 1: repayments until like settlement or when keys get handed over.

702
00:31:58,120 --> 00:32:01,400
Speaker 1: There's like lots of different options. There's also like you know,

703
00:32:01,440 --> 00:32:03,800
Speaker 1: if you were to sell and read buy, like there's

704
00:32:03,840 --> 00:32:06,480
Speaker 1: so many different options. What I would do is literally

705
00:32:06,560 --> 00:32:10,120
Speaker 1: talk to a financial advisor about what rental yield so

706
00:32:10,160 --> 00:32:12,320
Speaker 1: you've got one, but what your rental yield on that

707
00:32:12,360 --> 00:32:14,800
Speaker 1: current property would look like. You can even just do

708
00:32:14,840 --> 00:32:17,840
Speaker 1: it yourself, honestly, like go on to real estate dot

709
00:32:17,840 --> 00:32:20,720
Speaker 1: com dot au and look in your local region. Like

710
00:32:20,760 --> 00:32:22,880
Speaker 1: I would just put the map pin down and be like, yeah,

711
00:32:22,920 --> 00:32:25,760
Speaker 1: just show me current like location and look at what

712
00:32:26,480 --> 00:32:29,680
Speaker 1: options on the table for renting in your current area

713
00:32:29,720 --> 00:32:32,600
Speaker 1: to get an idea of what that rental repayment would be,

714
00:32:32,960 --> 00:32:34,480
Speaker 1: and then you can go for an EBB. But I

715
00:32:34,480 --> 00:32:37,080
Speaker 1: would talk to a mortgage broker sooner rather than later,

716
00:32:37,200 --> 00:32:40,000
Speaker 1: because that doesn't mean that you'll have to pay two

717
00:32:40,160 --> 00:32:43,800
Speaker 1: outright mortgages at the same time, because the banks actually

718
00:32:43,840 --> 00:32:45,480
Speaker 1: know that that's not that feasible.

719
00:32:45,680 --> 00:32:47,600
Speaker 4: Yeah. Yeah, I thought there might be options. I just

720
00:32:47,640 --> 00:32:49,040
Speaker 4: hadn't looked into them yet.

721
00:32:49,160 --> 00:32:51,920
Speaker 1: Yeah, haven't explored it, but they exist, I promise you.

722
00:32:52,440 --> 00:32:55,080
Speaker 4: The other option is obviously buying established and then that

723
00:32:55,120 --> 00:32:58,160
Speaker 4: has also other fees involved stamp duty, et cetera. That

724
00:32:58,800 --> 00:33:01,000
Speaker 4: is it a lot of money when it's an eight

725
00:33:01,120 --> 00:33:03,960
Speaker 4: hundred thousand dollar house, or if not more.

726
00:33:03,800 --> 00:33:07,120
Speaker 1: One hundred percent, it starts to like literally consume it.

727
00:33:07,200 --> 00:33:09,080
Speaker 1: You're like, hold on, if we get close to a million,

728
00:33:09,120 --> 00:33:12,000
Speaker 1: we're talking like at least fifty thousand dollars in stamp Dudy,

729
00:33:12,080 --> 00:33:14,240
Speaker 1: that's a lot of money to feel like you're just

730
00:33:14,280 --> 00:33:16,600
Speaker 1: flushing down the toilet, and like, don't get me wrong,

731
00:33:17,000 --> 00:33:19,480
Speaker 1: it can be like, you know, absorbed into the cost.

732
00:33:19,520 --> 00:33:22,040
Speaker 1: But then it makes you really think about it. I

733
00:33:22,080 --> 00:33:23,960
Speaker 1: love that. So we're not in any other debt. We

734
00:33:24,040 --> 00:33:26,200
Speaker 1: just have three hundred and forty thousand dollars owing on

735
00:33:26,240 --> 00:33:26,880
Speaker 1: your mortgage.

736
00:33:27,000 --> 00:33:29,520
Speaker 4: That is it. I've paid off my hex deet. My

737
00:33:29,600 --> 00:33:32,280
Speaker 4: partner still has his, but he and they just finished,

738
00:33:32,320 --> 00:33:33,120
Speaker 4: so that makes sense.

739
00:33:33,200 --> 00:33:35,800
Speaker 1: Story checks out still, Yeah, yeah.

740
00:33:35,320 --> 00:33:38,440
Speaker 4: So yeah, I've worked pretty hard to get out of debt,

741
00:33:38,800 --> 00:33:41,680
Speaker 4: especially after my car loan. I can tell that was

742
00:33:41,720 --> 00:33:44,160
Speaker 4: an eye opener for me when I realized how much

743
00:33:44,520 --> 00:33:46,800
Speaker 4: interest it actually was because I didn't really know anything

744
00:33:46,800 --> 00:33:49,400
Speaker 4: about loans. I'd never had a loan, never really looked

745
00:33:49,400 --> 00:33:52,000
Speaker 4: into loans. We were just walking through a car yard

746
00:33:52,000 --> 00:33:54,080
Speaker 4: and I'm like, oh, I like this car, let's get it.

747
00:33:54,200 --> 00:33:56,480
Speaker 4: And they pull me into the one of those little

748
00:33:56,520 --> 00:33:58,560
Speaker 4: offices and go through finance and all that, and I'm

749
00:33:58,600 --> 00:34:01,040
Speaker 4: just this little girl going yeah.

750
00:34:00,720 --> 00:34:03,480
Speaker 1: Sure, And it made sense at the time. Yeah. They

751
00:34:03,480 --> 00:34:05,520
Speaker 1: would have been like, oh, it's just this much per week.

752
00:34:05,520 --> 00:34:07,320
Speaker 1: Can you be like, oh, I can totally do that,

753
00:34:07,400 --> 00:34:10,800
Speaker 1: no worries, Like so easy. But it wasn't that easy

754
00:34:10,800 --> 00:34:13,200
Speaker 1: because they stung you on the interest and then you

755
00:34:13,280 --> 00:34:15,279
Speaker 1: felt like you've been screwed over and that's not fun

756
00:34:15,320 --> 00:34:16,200
Speaker 1: for anybody. No.

757
00:34:16,239 --> 00:34:18,480
Speaker 4: Well, I mean I could afford the repayments that that

758
00:34:18,520 --> 00:34:20,880
Speaker 4: wasn't the issue. It was more of that. I was

759
00:34:21,160 --> 00:34:24,440
Speaker 4: angry with myself that I could have spent two years

760
00:34:24,480 --> 00:34:26,359
Speaker 4: saved up for this car and paid it out right,

761
00:34:26,400 --> 00:34:28,040
Speaker 4: but I didn't do that. I got the loan because

762
00:34:28,040 --> 00:34:29,480
Speaker 4: it was just the easy way.

763
00:34:29,600 --> 00:34:31,440
Speaker 1: But you've learned now, and I think that was an

764
00:34:31,480 --> 00:34:34,560
Speaker 1: important learning piece in your journey, right, because if you

765
00:34:34,600 --> 00:34:37,200
Speaker 1: hadn't experienced that, I don't think you'd be as passionate

766
00:34:37,239 --> 00:34:40,120
Speaker 1: about staying out of debt, or as aggressive about saving

767
00:34:40,280 --> 00:34:42,600
Speaker 1: or whatnot. I think you've done something good for future you.

768
00:34:42,680 --> 00:34:44,560
Speaker 4: Yeah, for sure. I think it was the kick up

769
00:34:44,640 --> 00:34:47,560
Speaker 4: the butt of you know, loans are bad in saying

770
00:34:47,560 --> 00:34:50,040
Speaker 4: that I didn't stay away from them more completely. I

771
00:34:50,120 --> 00:34:52,160
Speaker 4: had a credit card, I had a store credit card,

772
00:34:52,280 --> 00:34:54,799
Speaker 4: but I just used them really wisely because I am

773
00:34:54,920 --> 00:34:56,960
Speaker 4: very good at my money. So when I did the

774
00:34:56,960 --> 00:35:00,279
Speaker 4: store credit card and bought furniture for our house, very

775
00:35:00,360 --> 00:35:02,600
Speaker 4: much like I'm not paying the minimum, I am working

776
00:35:02,600 --> 00:35:04,759
Speaker 4: out exactly how much I need to pay before the

777
00:35:04,760 --> 00:35:07,680
Speaker 4: interest free period ends to pay that off. And so

778
00:35:07,800 --> 00:35:10,719
Speaker 4: I did that, and I'd done it multiple times, so

779
00:35:11,480 --> 00:35:13,520
Speaker 4: that was fine. And then with my credit card, I

780
00:35:13,520 --> 00:35:15,480
Speaker 4: made sure it was only a thousand dollars nothing more

781
00:35:15,480 --> 00:35:18,000
Speaker 4: than that. And like I said before, I had at

782
00:35:18,080 --> 00:35:20,520
Speaker 4: least a thousand dollars in savings per fortnite, So I

783
00:35:20,640 --> 00:35:23,320
Speaker 4: just paid off my credit card each time I got paid.

784
00:35:23,880 --> 00:35:25,799
Speaker 4: And I never even saw a statement for that card.

785
00:35:25,840 --> 00:35:26,640
Speaker 1: Oh how good.

786
00:35:27,080 --> 00:35:30,319
Speaker 4: The only reason I got it was for accommodation overseas,

787
00:35:30,360 --> 00:35:30,959
Speaker 4: because they.

788
00:35:31,040 --> 00:35:33,560
Speaker 1: Oh isn't that the most annoying thing? Ever? I mean,

789
00:35:33,600 --> 00:35:36,680
Speaker 1: it does make you feel more secure because you're like, okay, cool,

790
00:35:36,680 --> 00:35:39,279
Speaker 1: they can't get to my life savings and whatnot. But

791
00:35:39,320 --> 00:35:41,400
Speaker 1: like for someone like me, like I just know that

792
00:35:41,480 --> 00:35:43,279
Speaker 1: me having access to a credit card is not a

793
00:35:43,280 --> 00:35:45,560
Speaker 1: good thing. Like I can be really honest about that.

794
00:35:45,600 --> 00:35:47,919
Speaker 1: It doesn't work for you. Clearly you made it work,

795
00:35:48,000 --> 00:35:49,680
Speaker 1: and I just wish I was a little bit more

796
00:35:49,719 --> 00:35:51,680
Speaker 1: like you. But I just I can't be trusted.

797
00:35:51,880 --> 00:35:54,000
Speaker 4: Yeah, I know my parents had a credit card and

798
00:35:54,040 --> 00:35:56,880
Speaker 4: it did nothing but bad things for them. So I

799
00:35:56,920 --> 00:35:58,879
Speaker 4: was always like, oh, I shouldn't get a credit card.

800
00:35:58,880 --> 00:36:01,000
Speaker 4: But then I was like, yeah, I'm really good with

801
00:36:01,000 --> 00:36:03,520
Speaker 4: my money and I can be strict on myself with

802
00:36:03,600 --> 00:36:06,080
Speaker 4: my money, and so I knew that the credit could

803
00:36:06,320 --> 00:36:07,840
Speaker 4: would be fine for me, and it was actually a

804
00:36:07,840 --> 00:36:11,320
Speaker 4: really good cash flow kind of system for joint spendings

805
00:36:11,320 --> 00:36:15,440
Speaker 4: with my partner. We've recently basically I've finally jumped into

806
00:36:15,560 --> 00:36:19,640
Speaker 4: now that we're debt free, I'm happy to consolidate our money.

807
00:36:19,719 --> 00:36:21,799
Speaker 4: So we are now officially everything is joint.

808
00:36:22,120 --> 00:36:23,879
Speaker 1: Oh I love that. But you were like, I am

809
00:36:23,880 --> 00:36:26,560
Speaker 1: not doing this while you were in debt, sir, Absolutely not.

810
00:36:26,760 --> 00:36:28,680
Speaker 4: Well no, before it was like, well you're in debt.

811
00:36:28,719 --> 00:36:30,959
Speaker 4: I don't like being in debt. And so the fact

812
00:36:31,000 --> 00:36:32,960
Speaker 4: that if we joined our money that's my debt, and

813
00:36:32,960 --> 00:36:35,239
Speaker 4: that just didn't sit well with me. And then I

814
00:36:35,280 --> 00:36:39,200
Speaker 4: also earn quite a bit of money, and so I

815
00:36:39,360 --> 00:36:41,960
Speaker 4: liked holding on to that fact that you know, I

816
00:36:42,000 --> 00:36:43,760
Speaker 4: worked hard for this money and this is my money.

817
00:36:44,000 --> 00:36:46,200
Speaker 4: But I'm also not in denial. We're married. My money's

818
00:36:46,200 --> 00:36:49,200
Speaker 4: his money, his money's my money. And so when he

819
00:36:49,239 --> 00:36:51,279
Speaker 4: got out of debt, it was like, well, now we

820
00:36:51,320 --> 00:36:53,640
Speaker 4: can make that leap and that jump to combine all

821
00:36:53,680 --> 00:36:55,880
Speaker 4: our money, especially now that we've got my daughter.

822
00:36:56,080 --> 00:36:57,120
Speaker 1: It does change it.

823
00:36:57,120 --> 00:36:59,160
Speaker 4: It makes it more sense to combine our money. So

824
00:37:00,120 --> 00:37:02,839
Speaker 4: did that, and so now we have our own new system.

825
00:37:03,040 --> 00:37:05,120
Speaker 4: But I'm finding cash flows a bit harder now that

826
00:37:05,160 --> 00:37:06,279
Speaker 4: I got rid of the credit card.

827
00:37:06,440 --> 00:37:07,120
Speaker 1: Yep, totally.

828
00:37:07,320 --> 00:37:10,759
Speaker 4: So now I'm just looking at tweaking our structure, like

829
00:37:10,800 --> 00:37:12,760
Speaker 4: our bank account structure, so that I can.

830
00:37:12,840 --> 00:37:14,360
Speaker 1: I can do that for you. I will give to

831
00:37:14,400 --> 00:37:16,880
Speaker 1: you our budget and Cashlow master Class that I've recently

832
00:37:16,880 --> 00:37:20,280
Speaker 1: renamed to the Money master Class actually, and it basically

833
00:37:20,360 --> 00:37:23,680
Speaker 1: has a couple's like spending spreadsheet and do you have

834
00:37:23,719 --> 00:37:25,000
Speaker 1: an offset on your mortgage?

835
00:37:25,080 --> 00:37:27,520
Speaker 4: All of my accounts are offset. I was one of

836
00:37:27,560 --> 00:37:30,919
Speaker 4: those people that had, like, I think the bank was like, oh,

837
00:37:30,960 --> 00:37:34,280
Speaker 4: you have thirteen accounts and they're all offset accounts because

838
00:37:34,280 --> 00:37:34,959
Speaker 4: my bank good.

839
00:37:35,239 --> 00:37:37,520
Speaker 1: I want every single dollar that comes into my bank

840
00:37:37,520 --> 00:37:39,400
Speaker 1: account to be working as hard as I do for it,

841
00:37:39,560 --> 00:37:40,520
Speaker 1: So that makes sense, sir.

842
00:37:40,680 --> 00:37:42,480
Speaker 4: Yeah, Well, my bank told me they allow up to

843
00:37:42,560 --> 00:37:46,200
Speaker 4: ninety nine, and I'm like, who has ninety nine offset accounts?

844
00:37:46,360 --> 00:37:47,960
Speaker 1: I don't know, but I'd love to meet them. If

845
00:37:48,000 --> 00:37:50,839
Speaker 1: you have ninety nine offset accounts, please come on my podcast.

846
00:37:52,120 --> 00:37:53,799
Speaker 1: I we'd love to talk to you about what the

847
00:37:53,800 --> 00:37:55,840
Speaker 1: hell you're doing with ninety nine accounts.

848
00:37:55,920 --> 00:37:59,080
Speaker 4: Yeah, it was crazy, but I basically had Originally I

849
00:37:59,120 --> 00:38:01,640
Speaker 4: had accounts for me, I had accounts for him, and

850
00:38:01,680 --> 00:38:05,120
Speaker 4: I had accounts that were joined, and so now we've

851
00:38:05,239 --> 00:38:08,840
Speaker 4: kind of combined those. So we have a bill's account

852
00:38:08,880 --> 00:38:11,720
Speaker 4: with all our necessary items that we need to spend.

853
00:38:12,080 --> 00:38:15,200
Speaker 4: We have our we call them upket buckets, which is

854
00:38:15,239 --> 00:38:18,359
Speaker 4: our spendings that we each don't have access to, so

855
00:38:18,400 --> 00:38:21,320
Speaker 4: that you know it's completely guilt free. That's your money.

856
00:38:21,320 --> 00:38:23,520
Speaker 4: If you want to save it for something special, go ahead.

857
00:38:23,560 --> 00:38:26,400
Speaker 4: If you want to spend it, that's your issue. And

858
00:38:26,440 --> 00:38:30,360
Speaker 4: then we have an account for investments, so for the

859
00:38:30,480 --> 00:38:32,759
Speaker 4: education bond to come out of and then I've got

860
00:38:32,800 --> 00:38:35,800
Speaker 4: a few accounts for basically our savings goals.

861
00:38:35,880 --> 00:38:38,560
Speaker 1: Yeah, love love all right, Well, I'm still going to

862
00:38:38,560 --> 00:38:40,720
Speaker 1: give you the money master Class because I think it'll

863
00:38:40,760 --> 00:38:42,759
Speaker 1: take that to the next level. But it does make

864
00:38:43,000 --> 00:38:45,800
Speaker 1: use of making sure that if you have a mortgage,

865
00:38:45,800 --> 00:38:48,600
Speaker 1: you're using your offset accounts to your advantage and like

866
00:38:48,920 --> 00:38:52,000
Speaker 1: cash flowing it that way, because like obviously it would

867
00:38:52,040 --> 00:38:54,880
Speaker 1: make sense if you don't have like an offset for

868
00:38:55,040 --> 00:38:57,839
Speaker 1: like people who are listening, it still works and there's

869
00:38:57,880 --> 00:38:59,960
Speaker 1: just a different strategy around it. But it like order

870
00:39:00,080 --> 00:39:02,280
Speaker 1: meets it for you. And I think as a self

871
00:39:02,280 --> 00:39:04,840
Speaker 1: confessed like spreadsheet girl, you're going to love this because

872
00:39:04,840 --> 00:39:06,799
Speaker 1: like you just put everything in and auto meets it

873
00:39:06,840 --> 00:39:08,640
Speaker 1: for you. It says, okay, well, in this account, this

874
00:39:08,680 --> 00:39:11,000
Speaker 1: amount of money will happen, and in this account, this

875
00:39:11,040 --> 00:39:13,440
Speaker 1: amount of money will happen. It honestly, I don't know

876
00:39:13,440 --> 00:39:15,319
Speaker 1: if you can tell. I'm just really proud of it.

877
00:39:15,680 --> 00:39:17,400
Speaker 4: I look forward to seeing it.

878
00:39:17,400 --> 00:39:19,600
Speaker 1: It's very pretty as well, she's very peachy. I don't

879
00:39:19,600 --> 00:39:22,000
Speaker 1: know if your partner will love the peachiness. But like again,

880
00:39:22,080 --> 00:39:24,440
Speaker 1: here's along for the ride. Sit down, sir, let me

881
00:39:24,480 --> 00:39:27,880
Speaker 1: show you money diarist. You said, I'm an a. I

882
00:39:27,960 --> 00:39:29,960
Speaker 1: need to know what do you think your best money

883
00:39:30,000 --> 00:39:30,560
Speaker 1: habit is.

884
00:39:30,760 --> 00:39:34,000
Speaker 4: My best money habit is that I am very good

885
00:39:34,000 --> 00:39:37,160
Speaker 4: with my money. I like to budget and nowhere all

886
00:39:37,160 --> 00:39:40,680
Speaker 4: my money is going. So you know, my spreadsheet has

887
00:39:40,760 --> 00:39:43,640
Speaker 4: everything accounted for, at least everything that I've come across,

888
00:39:44,080 --> 00:39:48,160
Speaker 4: and I review that constantly. Every time something goes up,

889
00:39:48,160 --> 00:39:49,879
Speaker 4: I go in and I change it and I play

890
00:39:49,960 --> 00:39:52,680
Speaker 4: with things and be like, oh, cost of living's gone up,

891
00:39:52,680 --> 00:39:55,840
Speaker 4: we might need more money for food, petro all that

892
00:39:55,920 --> 00:39:56,439
Speaker 4: kind of thing.

893
00:39:56,560 --> 00:39:58,759
Speaker 1: So isn't that annoying? Though You're like, I'm not even

894
00:39:58,800 --> 00:40:01,440
Speaker 1: tweaking it to save more. I'm tweaking it because like

895
00:40:01,560 --> 00:40:02,920
Speaker 1: groscerias are more expense.

896
00:40:03,360 --> 00:40:05,759
Speaker 4: Yeah, pretty much. And then it's things like now that

897
00:40:05,760 --> 00:40:07,719
Speaker 4: I've got a daughter's like, oh now we've got to

898
00:40:07,719 --> 00:40:11,440
Speaker 4: think about Mother's Day gifts and Father's Day gifts that

899
00:40:11,520 --> 00:40:13,400
Speaker 4: I didn't even think to put in the budget because

900
00:40:13,440 --> 00:40:15,279
Speaker 4: I'm like, yeah, I've got my mum and dad, but

901
00:40:15,280 --> 00:40:16,960
Speaker 4: I didn't think about us and the fact that we

902
00:40:17,280 --> 00:40:18,240
Speaker 4: buy our own gifts.

903
00:40:18,360 --> 00:40:19,560
Speaker 1: We actually do do that.

904
00:40:19,880 --> 00:40:22,880
Speaker 4: Yeah, So yeah, I guess it's just the being able

905
00:40:22,920 --> 00:40:25,800
Speaker 4: to know where all my money is going and budget clearly.

906
00:40:26,320 --> 00:40:29,839
Speaker 4: But also I'm very good at like setting goals and

907
00:40:29,880 --> 00:40:32,799
Speaker 4: planning those goals. So when I planned a trip to

908
00:40:33,000 --> 00:40:36,200
Speaker 4: Japan for a month, I knew how much that was

909
00:40:36,239 --> 00:40:38,239
Speaker 4: going to cost me. It's going to cost me about

910
00:40:38,280 --> 00:40:41,799
Speaker 4: ten grand and I worked hard for that, and I

911
00:40:41,880 --> 00:40:46,040
Speaker 4: had a graph that I had printed out and shoved

912
00:40:46,080 --> 00:40:49,719
Speaker 4: on my mirror. And if that graft every month, I

913
00:40:49,880 --> 00:40:50,919
Speaker 4: love that so much.

914
00:40:50,960 --> 00:40:53,600
Speaker 1: You are my people. I'm so glad you found our podcast.

915
00:40:53,640 --> 00:40:55,920
Speaker 1: By the way, you are in the right place.

916
00:40:56,200 --> 00:40:58,920
Speaker 4: Yeah, so I just needed that visual enough, so I

917
00:40:58,920 --> 00:41:00,920
Speaker 4: had a digital version of it, because I'm that kind

918
00:41:00,920 --> 00:41:01,280
Speaker 4: of person.

919
00:41:01,320 --> 00:41:03,480
Speaker 1: Of course you did. I love this like you are

920
00:41:03,560 --> 00:41:05,400
Speaker 1: my people. Welcome home, by the way.

921
00:41:05,760 --> 00:41:07,160
Speaker 4: Thank you lovely to be here.

922
00:41:07,200 --> 00:41:10,759
Speaker 1: So tell me you're in a but like, what do

923
00:41:10,760 --> 00:41:12,200
Speaker 1: you think your worst money habit is.

924
00:41:12,440 --> 00:41:13,600
Speaker 4: I'm a bit of a hoverer.

925
00:41:14,360 --> 00:41:16,600
Speaker 1: A hoverer. I don't think I've had a hoverra on

926
00:41:16,640 --> 00:41:18,759
Speaker 1: the podcast before Hora.

927
00:41:18,640 --> 00:41:22,280
Speaker 4: So I guess my partner would say that I'm constantly

928
00:41:22,320 --> 00:41:26,240
Speaker 4: watching what he's doing, particularly before we've joined our monies.

929
00:41:26,400 --> 00:41:29,200
Speaker 4: So it was very much like he would ask for

930
00:41:29,280 --> 00:41:31,520
Speaker 4: money for me to transfer him so that he didn't

931
00:41:31,520 --> 00:41:33,839
Speaker 4: have access to all his money because he would spend

932
00:41:33,840 --> 00:41:35,880
Speaker 4: all his money. So he asked me to do that,

933
00:41:36,360 --> 00:41:39,440
Speaker 4: and we tried a fortnightly allowance, but he'd spend it

934
00:41:39,480 --> 00:41:41,479
Speaker 4: all in a day or two, same with a week.

935
00:41:41,560 --> 00:41:43,960
Speaker 4: So what worked with us We just he asked me

936
00:41:44,080 --> 00:41:46,040
Speaker 4: for money and I send it to him and that

937
00:41:46,200 --> 00:41:47,320
Speaker 4: limits how much he spent.

938
00:41:47,560 --> 00:41:49,799
Speaker 1: Hey, you've got to find a way to make it work.

939
00:41:49,880 --> 00:41:52,240
Speaker 1: And if you guys are happy with that manual process,

940
00:41:52,320 --> 00:41:53,480
Speaker 1: then I'm happy for you.

941
00:41:53,640 --> 00:41:56,319
Speaker 4: Yep. I mean I could do without the constant transferring money,

942
00:41:56,400 --> 00:41:59,359
Speaker 4: so I'm happy now that we've got the combined finances.

943
00:42:00,760 --> 00:42:03,960
Speaker 1: You're like, this is actually really annoying. I'm glad it's

944
00:42:04,000 --> 00:42:04,919
Speaker 1: working for you, sir.

945
00:42:05,160 --> 00:42:07,080
Speaker 4: Yes, it got a bit much in the end, So

946
00:42:07,600 --> 00:42:10,759
Speaker 4: I think combining on money's really helped. And I think

947
00:42:10,760 --> 00:42:13,120
Speaker 4: it's also putting more onus on him to learn how

948
00:42:13,160 --> 00:42:16,800
Speaker 4: to save his own spending's money, so if he wants

949
00:42:16,840 --> 00:42:19,320
Speaker 4: to go away and do stuff or go to the footy,

950
00:42:19,400 --> 00:42:21,440
Speaker 4: he can save his own money to do that.

951
00:42:21,600 --> 00:42:23,640
Speaker 1: You've got to tell me more about what a hova is.

952
00:42:23,719 --> 00:42:26,759
Speaker 1: So you're watching him, you're tracking all of the expenses.

953
00:42:26,760 --> 00:42:29,919
Speaker 1: Obviously that has like worked out for him, But why

954
00:42:30,000 --> 00:42:30,960
Speaker 1: is it a negative?

955
00:42:31,200 --> 00:42:33,920
Speaker 4: It's a negative because while it's helped him money wise,

956
00:42:34,480 --> 00:42:35,960
Speaker 4: it has put a little bit of a strain on

957
00:42:36,000 --> 00:42:39,239
Speaker 4: the relationship because it's obviously he'll be like, oh, I

958
00:42:39,280 --> 00:42:40,880
Speaker 4: need sixty dollars, and I'll be like, well, what do

959
00:42:40,920 --> 00:42:43,080
Speaker 4: you need that for? And then if it's not something

960
00:42:43,080 --> 00:42:46,759
Speaker 4: I particularly like, then I might question that, and so

961
00:42:46,840 --> 00:42:49,799
Speaker 4: then it's it becomes this he thinks I'm watching his

962
00:42:49,920 --> 00:42:53,120
Speaker 4: every transaction, which in reality I wasn't. Occasionally I would

963
00:42:53,160 --> 00:42:54,640
Speaker 4: see it and ask a question.

964
00:42:54,760 --> 00:42:56,680
Speaker 1: Yeah, I didn't actually care that much, but if you're

965
00:42:56,719 --> 00:43:00,719
Speaker 1: asking me so consistently for cash, like me going what'sapp for?

966
00:43:01,000 --> 00:43:03,440
Speaker 1: Kind of makes sense. But I can see how he

967
00:43:03,440 --> 00:43:06,600
Speaker 1: would then go, oh, I feel like I'm being tracked. Yeah,

968
00:43:06,719 --> 00:43:08,520
Speaker 1: because that's the system you chose.

969
00:43:08,800 --> 00:43:11,400
Speaker 4: Yeah, I didn't want that system initially. It was just

970
00:43:11,440 --> 00:43:14,480
Speaker 4: the system that worked for him at the time. And

971
00:43:14,560 --> 00:43:16,560
Speaker 4: now that system has changed and it seems to be

972
00:43:16,640 --> 00:43:20,839
Speaker 4: working well. So that's you know, off my back, which

973
00:43:20,880 --> 00:43:23,440
Speaker 4: is good. I can basically automate all my transfers and

974
00:43:23,480 --> 00:43:25,960
Speaker 4: I don't even have to transfer money very often.

975
00:43:26,040 --> 00:43:28,719
Speaker 1: Oh, how good. So she's a bit of a hover.

976
00:43:29,040 --> 00:43:31,839
Speaker 1: Now talk to me. You said, I'm a A. Why

977
00:43:31,840 --> 00:43:34,200
Speaker 1: not a plus? Like, what would it take for you

978
00:43:34,239 --> 00:43:36,439
Speaker 1: to go from an A to an A plus? Because

979
00:43:36,480 --> 00:43:38,040
Speaker 1: I feel like you're nailing it for me.

980
00:43:38,120 --> 00:43:42,600
Speaker 4: It's just like I want to understand the investment world deeper.

981
00:43:43,160 --> 00:43:46,160
Speaker 4: Like you know, I've put money into microinvesting, I've got

982
00:43:46,160 --> 00:43:48,200
Speaker 4: money into education bonds, but I feel like I don't

983
00:43:48,239 --> 00:43:51,919
Speaker 4: fully understand them, if that makes sense. Yeah.

984
00:43:51,960 --> 00:43:54,480
Speaker 1: I feel like it's going to take time in the market,

985
00:43:54,680 --> 00:43:57,080
Speaker 1: so like over the next few years. Like you can't

986
00:43:57,120 --> 00:43:59,839
Speaker 1: just read a full textbook and be like fully get it.

987
00:44:00,080 --> 00:44:02,120
Speaker 1: I feel like you have to experience it to think go,

988
00:44:02,160 --> 00:44:04,000
Speaker 1: oh yeah, totally, I understand it now.

989
00:44:04,120 --> 00:44:05,759
Speaker 4: Yeah, so I think that's just something that will come

990
00:44:05,800 --> 00:44:06,160
Speaker 4: with time.

991
00:44:06,360 --> 00:44:09,080
Speaker 1: Oh how good. Like to get an A plus you

992
00:44:09,120 --> 00:44:10,960
Speaker 1: don't even have to change anything, you just have to

993
00:44:10,960 --> 00:44:14,760
Speaker 1: wait a little while. That's a good deal. Oh my goodness.

994
00:44:14,760 --> 00:44:17,399
Speaker 1: I have loved this. I've loved getting to know about you,

995
00:44:17,600 --> 00:44:20,040
Speaker 1: about how you planned for your wedding, how you met

996
00:44:20,080 --> 00:44:22,880
Speaker 1: your husband, how you had a baby, how you budgeted

997
00:44:22,960 --> 00:44:24,319
Speaker 1: for it. Like I feel like I've gone through a

998
00:44:24,360 --> 00:44:26,560
Speaker 1: lot in the past while with you, and I'm very

999
00:44:26,600 --> 00:44:29,200
Speaker 1: grateful for it. But unfortunately you and I are running

1000
00:44:29,239 --> 00:44:32,440
Speaker 1: out of time. So I really appreciate the time you

1001
00:44:32,520 --> 00:44:34,000
Speaker 1: spent with us because I just know that people are

1002
00:44:34,000 --> 00:44:36,760
Speaker 1: going to be listening going, Oh Kurby, what next? Oh

1003
00:44:36,800 --> 00:44:38,799
Speaker 1: I get to know how she met her husband? Oh

1004
00:44:38,920 --> 00:44:41,040
Speaker 1: what about that? Like this was just such a good

1005
00:44:41,040 --> 00:44:43,480
Speaker 1: money story. So thank you so much for sharing that.

1006
00:44:43,760 --> 00:44:45,680
Speaker 1: And I'm just going to hook you up with the

1007
00:44:45,680 --> 00:44:48,480
Speaker 1: Money Masterclass after this, and I feel like everyone's going

1008
00:44:48,520 --> 00:44:51,160
Speaker 1: to be better for it. Thank you, of course, thank

1009
00:44:51,200 --> 00:44:53,080
Speaker 1: you so much for coming on the show. I have

1010
00:44:53,200 --> 00:44:53,759
Speaker 1: adored it.

1011
00:44:53,840 --> 00:45:00,080
Speaker 4: Have a good day.

1012
00:45:00,719 --> 00:45:03,240
Speaker 1: The advice shared on She's on the Money is general

1013
00:45:03,320 --> 00:45:07,160
Speaker 1: in nature and does not consider your individual circumstances. She's

1014
00:45:07,200 --> 00:45:10,680
Speaker 1: on the Money exists purely for educational purposes and should

1015
00:45:10,680 --> 00:45:13,880
Speaker 1: not be relied upon to make an investment or financial decision.

1016
00:45:14,239 --> 00:45:16,719
Speaker 1: If you do choose to buy a financial product, read

1017
00:45:16,719 --> 00:45:20,840
Speaker 1: the PDS TMD and obtain appropriate financial advice tailored towards

1018
00:45:20,920 --> 00:45:24,200
Speaker 1: your needs. Victoria Divine and She's on the Money are

1019
00:45:24,239 --> 00:45:29,279
Speaker 1: authorized representatives of Money Sheper Pty Ltd ABN three two

1020
00:45:29,320 --> 00:45:33,279
Speaker 1: one six four nine two seven seven zero eight AFSL

1021
00:45:33,400 --> 00:45:41,000
Speaker 1: four five, one two eight nine