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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our Friday Drinks episodes where George, Jess and

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Speaker 2: I celebrate the wins from our community. As we all know,

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Speaker 2: there are a million great money wins and some confessions

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Speaker 2: shared in our group each and every single week, and

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Speaker 2: we're not making it up. We literally talk about this

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Speaker 2: day in and day out. It is one of our

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Speaker 2: favorite parts of the She's on the Money community and

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Speaker 2: being able to talk about it is epic. But the

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Speaker 2: fact that we have an entire episode dedicated to chatting

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Speaker 2: about you guys, is one of our favorite things. So

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Speaker 2: before we jump into it, this week, Georgia is going

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Speaker 2: to bring the money wins from the She's on the

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Speaker 2: Money community. So Georgia, you better buckle up because we

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Speaker 2: are judging how well you've picked. But before we get there,

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Speaker 2: jessic garci what happened on Money Diaries this week?

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Speaker 3: So this week's diarist was a bit of the opposite

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Speaker 3: of Rags to riches. I don't know if riches to

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Speaker 3: rags is the right thing.

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Speaker 2: I see where you're going with it.

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Speaker 3: Yeah, you kind of get you pick up what I'm

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Speaker 3: putting down. She grew up in a really privileged position,

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Speaker 3: and she obviously acknowledged that she had no budget. She

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Speaker 3: didn't have to worry about money at all growing up,

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Speaker 3: which is fantastic. But the downfall of that is as

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Speaker 3: an adult, when she went into the world by herself,

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Speaker 3: she had no money or finance skills or knowledge at all.

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Speaker 3: And she's found herself in a bit of a predicament

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Speaker 3: where when we spoke to her about recording, she had

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Speaker 3: one thousand dollars in her bank account. She said that

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Speaker 3: she really struggled with keeping on top of those finances.

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Speaker 3: And I guess the thing that I really took from

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Speaker 3: that was the fact that no matter how privileged you

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Speaker 3: are growing up, that may not do you any good.

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Speaker 3: You know, if you don't get that education, if your

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Speaker 3: parents aren't teaching you, it doesn't matter if you have

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Speaker 3: a million dollars or one hundred. Those skills are so

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Speaker 3: essential because if you don't know how to manage your money,

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Speaker 3: it can disappear so quickly.

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Speaker 2: Yeah, and what you said just then actually makes a

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Speaker 2: lot of sense. So you said, whether you have like

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Speaker 2: one hundred dollars or a million dollars. To me, that's

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Speaker 2: really relevant because if you can't manage one hundred dollars,

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Speaker 2: you're never going to be able to manage a million dollars.

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Speaker 2: So you have to learn how to budget and cash

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Speaker 2: flow essentially when you don't have anything, because then when

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Speaker 2: wealth grows, you know how to grow it, and you

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Speaker 2: know how to invest it, and you know how to

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Speaker 2: save it and keep it. Whereas if you're able to

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Speaker 2: throw one hundred dollars out the window, I promise you

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Speaker 2: will also throw a million dollars out the window. And

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Speaker 2: you laugh or might be like, Victoria, I'm not going

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Speaker 2: to throw a million dollars out of the window. But

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Speaker 2: do you know how many people win the lotto and

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Speaker 2: then have nothing to show for it twenty four months later?

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Speaker 2: Like it's not actually uncommon to come into lump some

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Speaker 2: of money and then absolutely frittered away. And in saying that,

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Speaker 2: I guess it was just really interesting because so many

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Speaker 2: times we hear stories in money diaries about people having

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Speaker 2: gone through quite challenging childhoods and growing up below the

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Speaker 2: poverty line and it's been really challenging, or you know,

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Speaker 2: going through significant adversity and coming out of it with

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Speaker 2: different money stories. They've changed their entire lives. Sometimes it

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Speaker 2: happens the opposite way, where you've never actually ever had

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Speaker 2: to budget or cash flow or know what it's like,

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Speaker 2: So you end up in a sticky situation. And I mean,

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Speaker 2: this money diary situation wasn't like that, but it was

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Speaker 2: really interesting to say, well, I absolutely had absolutely everything,

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Speaker 2: and now I'm not very good at money. But she's

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Speaker 2: learning and she's doing really well, and I'm really proud

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Speaker 2: of her. But moving on from money diaries, George, what

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Speaker 2: happened on our deep dive this week?

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Speaker 4: So this week it was an exciting one. We spoke

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Speaker 4: all about debt agreements. So basically what I learned is

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Speaker 4: there a step between debt consolidation and bankruptcy essentially, So

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Speaker 4: it's definitely not something that you would go into lightly

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Speaker 4: in a similar way to bankruptcy. Actually, Jess, you were

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Speaker 4: on the bankruptcy Deep Dive episode a few months ago,

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Speaker 4: do you.

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Speaker 2: Remember, Yeah, just as like, no, what's bankruptcy?

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Speaker 3: Was that?

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Speaker 2: Yeah?

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Speaker 4: So it's like it's similar to bankruptcy but not quite.

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Speaker 4: What was your main takeaway feed?

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Speaker 2: So my main takeaway was really understanding what that was. Obviously,

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Speaker 2: I do know what a deat agreement is. I've gone

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Speaker 2: through it a lot. But the main takeaway I would

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Speaker 2: want other people to have is really understanding when it's

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Speaker 2: necessary and when it's maybe not going to be applicable

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Speaker 2: to your situation. Because in some situations, bankruptcy is the

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Speaker 2: right decision, and it's a really hard decision to make,

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Speaker 2: and it's not one we ever want to have to

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Speaker 2: make for ourselves, but it can be really empowering. We've

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Speaker 2: said this before, but when it comes to debt agreements,

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Speaker 2: I think a lot of people, especially if they're in

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Speaker 2: personal debt, just don't know what their options are. They

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Speaker 2: don't know what they can do. They don't know that

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Speaker 2: they can actually consolidate debt together to make it a

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Speaker 2: more manageable payment. But if you are over your head

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Speaker 2: in debt and you actually can't pay off what you owe,

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Speaker 2: a debt agreement can be a really great way of

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Speaker 2: getting out of debt without having to go bankrupt and

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Speaker 2: actually managing it. And yeah, it's a really good option

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Speaker 2: if you're in that situation. And the thing about this

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Speaker 2: topic is, obviously it's not going to quote apply to

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Speaker 2: everybody because hopefully the majority of people aren't going through

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Speaker 2: these situations. But I want you all to be super

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Speaker 2: educated and like know what that is. So if a

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Speaker 2: friend is really struggling with debt, you have the knowledge,

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Speaker 2: the skills, the tools, the resources to go. Hey, George,

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Speaker 2: actually in this situation you need to potentially consider X, Y,

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Speaker 2: and Z. And I think that that's the really empowering

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Speaker 2: part where it might not necessarily apply to your situation,

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Speaker 2: but you best believe it might apply to a friend

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Speaker 2: or a family members or someone that you work with

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Speaker 2: situation and you can actually help them even though that's

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Speaker 2: not your career. You just know which direction they need

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Speaker 2: to go in to get the right advice. And I

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Speaker 2: think that's really special.

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Speaker 4: One hundred percent agree with you there, V, and I

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Speaker 4: feel like that also applies to a lot of our

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Speaker 4: other She's on the money topics, like they might not

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Speaker 4: necessarily impact you individually, but learning about them can help

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Speaker 4: you help a friend or a relative or something like that.

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Speaker 4: Like I think that's what's really cool about our podcast

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Speaker 4: as well.

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Speaker 2: No such thing as being over educated.

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Speaker 5: Oh well that's it, isn't it?

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Speaker 2: Like nobody ever turned around and was like, hey, George,

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Speaker 2: you're way too smart, like tone it down, like that's

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Speaker 2: not a thing. And they do say that, just like

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Speaker 2: hang up on them. We don't want to be their friend. Absolutely,

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Speaker 2: So let's jump straight into the community wins this week.

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Speaker 2: Every single week on a Monday, Jess will post in

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Speaker 2: the community and ask you guys what you have been

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Speaker 2: winning at this week, and by Friday, Georgia will have

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Speaker 2: picked out the ones that she thinks are worthy of

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Speaker 2: being called out on the podcast. All of them are

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Speaker 2: always epic money wins. But George, what were the key

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Speaker 2: highlights this week?

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Speaker 4: Oh, We've got a few, and I must say I'm

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Speaker 4: a little bit nervous jumping into why we have a

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Speaker 4: leadership role in the team. So let's go gently on me.

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Speaker 2: But this is the only episode. We'll go gently on

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Speaker 2: you next.

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Speaker 4: Week, Okay call feel Okay. So our first money win

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Speaker 4: for the week is from a Leisha Kilia Kylisha she

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Speaker 4: crossed a third of Christmas gifts off her list during

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Speaker 4: the sales this weekend and saving a whopping three hundred dollars.

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Speaker 3: Amazing.

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Speaker 2: Oh that's actually a very good, very relevant, very hot

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Speaker 2: right now money in George, I'm liking where you're going

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Speaker 2: with these selections.

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Speaker 4: A good start. Our second one is from Selena. So

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Speaker 4: she used to take her dog to a groomer who

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Speaker 4: charged her around one hundred dollars per group, so expensive exactly.

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Speaker 4: She decided to take matters into her own hands and

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Speaker 4: bought a thirty dollars dog trimming set online, which she

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Speaker 4: used over the weekend and she had stunning results. I'm

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Speaker 4: not sure if you guys saw the picture, but the

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Speaker 4: dog it looks legit.

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Speaker 5: I did.

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Speaker 2: I did, and it was really cute. And you can

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Speaker 2: trim my dog because last time I took my dog

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Speaker 2: to the groomers a lot more than one hundred dollars

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Speaker 2: because of how big she is, and it looked significantly worse.

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Speaker 2: So if you want to open a dog grooming salon,

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Speaker 2: you heard it here. First, she's on the pawny. No,

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Speaker 2: that sounds awful, you know, like poor and money. But

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Speaker 2: it turns out that's that's not the type of content

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Speaker 2: we want to create.

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Speaker 4: We can workshop it later, don't worry, thank you. Shall

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Speaker 4: we move on to Tanika.

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Speaker 5: I would love to take it away. Tanika says, money win.

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Speaker 4: We are consumer debt free after slogging our butts off

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Speaker 4: and throwing everything we had at our debts. My husband

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Speaker 4: and I can officially say that all we have left

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Speaker 4: now is our mortgage. Over the last two years, we've

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Speaker 4: managed to pay off close to eighty K worth of debt,

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Speaker 4: finishing right before Christmas. What a legend massive.

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Speaker 2: Well, that's a massive weight off your shoulders. Like, imagine

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Speaker 2: being in that much debt and they're getting to celebrate

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Speaker 2: being out of it, like I'm celebrating you being out

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Speaker 2: of it. And I can see everybody in group chat

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Speaker 2: right now and their faces we are all very much

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Speaker 2: excited for you.

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Speaker 4: My friend were smiling. Okay, Emma, this one's actually for you,

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Speaker 4: jay Riek. I thought you'd enjoy this one.

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Speaker 2: Jay Rick always gets a money when that's directly I

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Speaker 2: love it.

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Speaker 4: Always look it's not directed, but it inadvertently is. So

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Speaker 4: Emma cleaned out her wardrobe during lockdown, and finally it

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Speaker 4: got around to listing the goods on her local Facebook

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Speaker 4: by sale page and she's already made five hundred dollars

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Speaker 4: with more sales still coming in.

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Speaker 5: And that's just from the weekend gone.

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Speaker 2: Oh my gosh, five hundred dollar rules that does not

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Speaker 2: go astray at Christmas time either. What a good time

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Speaker 2: to pick up some things that you're not using and

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Speaker 2: sell them online.

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Speaker 3: Okay.

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Speaker 4: Our next one here is from Taylor. So she was

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Speaker 4: booking three nights accommodation for a girl's trip in the

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Speaker 4: Hunter Valley.

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Speaker 5: Very nice, very nice.

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Speaker 4: She found a great place on Airbnb. Before going ahead

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Speaker 4: and booking with Airbnb, she decided to look directly through

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Speaker 4: the host's website instead, and she saved five hundred dollars.

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Speaker 2: Ah, I didn't even know it could be that signific different.

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Speaker 5: Well, that's massive, isn't it. That's really big?

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Speaker 2: Yeah?

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Speaker 4: What?

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Speaker 2: I love that for her?

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Speaker 4: Mmmmm. Our sixth and final money win for the week

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Speaker 4: My Girls was from the Lovely Claire, who said she

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Speaker 4: took advantage of our very own Black Friday sale and

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Speaker 4: purchased the Budgeting and cash Flow masterclass for a hot bargain.

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Speaker 2: I've seen a couple of people joining the community over

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Speaker 2: the weekend, and I'm so excited about it, honestly, to

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Speaker 2: know that people are going to join and get their

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Speaker 2: money stuff together. Like I genuinely I'm a bit biased.

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Speaker 2: I genuinely think right now is a really good time

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Speaker 2: to do it as well, because we're all thinking about shopping,

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Speaker 2: and we're all thinking about Black Friday sales and like

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Speaker 2: the click frenzy stuff that's just happened and having to

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Speaker 2: buy presents, Like what a better time to get your

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Speaker 2: money together than now?

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Speaker 5: Precisely?

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Speaker 4: Is it still running me? Because it's Black Friday technically today? Right?

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Speaker 2: Yeah, it's Black Friday technically today, but I'm going to

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Speaker 2: run it over the weekend as well. And we actually

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Speaker 2: started last Friday because when Jess and I were talking

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Speaker 2: about it, we had so many dms from people being like,

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Speaker 2: are you doing a Black Friday sale? It was kind

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Speaker 2: of like, oh, is this a good idea or not?

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Speaker 2: Like we're not really a Black Friday kind of promotional company,

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Speaker 2: but we decided to do it anyway. But our Black

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Speaker 2: Friday Sale has gone on for more than a week,

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Speaker 2: so that people did have time to think about whether

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Speaker 2: they really wanted to do it, or maybe do some

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Speaker 2: more reading on it and actually make a decision that's

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Speaker 2: right for them, because I hate the idea that someone

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Speaker 2: would just buy it because they see that it's discounted

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Speaker 2: and just like get on it asap. I mean, I

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Speaker 2: would love to think you do, but the idea that

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Speaker 2: you'd be pressured into it just because there's a discount.

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Speaker 2: Have a think about it, twenty four hours between you

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Speaker 2: and your spending, and what kind of company would be

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Speaker 2: be if we didn't give you that grace?

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Speaker 5: Yeah? Love it? Is it ninety nine dollars off?

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Speaker 2: It is ninety nine dollar rus off and low key.

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Speaker 2: That discount code also works on the gift cards, so

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Speaker 2: you could like gift it to someone for Christmas.

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Speaker 5: We love, we love genius.

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Speaker 2: Obviously I thought of that idea myself, So I'll just

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Speaker 2: claim that genius title right here and now. All right, George,

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Speaker 2: I reckon you did a pretty good rap, so good

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Speaker 2: in fact, she will invite you back next week to

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Speaker 2: do the money Wednesday.

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Speaker 5: That's a good resont.

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Speaker 2: Yes, did you a great I agree?

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Speaker 3: George killed it. We love it. You can come to

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Speaker 3: my thread anytime.

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Speaker 2: More Black Friday chat right after this quick break. All right,

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Speaker 2: we are back and Georgia, this week, you've been doing

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Speaker 2: some pretty gnarly reading on Black Friday? Is that right?

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Speaker 1: Look?

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Speaker 5: I wouldn't call it gnali reading.

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Speaker 2: Oh I thought that was a cunkied way of introducing

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Speaker 2: this segment, But all right, no.

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Speaker 5: I loved it.

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Speaker 4: I appreciate that myself making me feel at home. So

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Speaker 4: obviously today is Black Friday. And I noticed in the

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Speaker 4: Facebook group a few days ago Sarah posted saying, is

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Speaker 4: anyone else feeling really overwhelmed with Black Friday sales? I

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Speaker 4: feel like retailers make you feel like you need to

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Speaker 4: buy everything because it's on sale. I feel like we

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Speaker 4: can all relate to that. I know my adms, like

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Speaker 4: my emails at the moment are flooded with marketing edms

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Speaker 4: telling me that it's Black Friday, and I got it,

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Speaker 4: bye bye bye, and I was.

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Speaker 5: Like, is it Black Friday?

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Speaker 4: Like this was like a week ago, so it's been

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Speaker 4: going on for some time. But there are also some

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Speaker 4: stats on this, so for anybody who doesn't know, Black

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Speaker 4: Friday is essentially the American version of Boxing Day, so

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Speaker 4: it's Thanksgiving over in America. It was yesterday and today

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Speaker 4: it's Black Friday, so there are sales across the board.

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Speaker 4: On Monday, we'll have Cyber Monday. I did just want

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Speaker 4: to rattle through a few stats before I ask you

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Speaker 4: girls about your opinions in general on Black Friday.

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Speaker 5: Just have a lot of.

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Speaker 2: Opinions, so probably good people to ask.

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Speaker 4: Ideally, so some recent research found that thirty five percent

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Speaker 4: of Australians will be shopping today as well as Cyber Monday.

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Speaker 5: So that's six point.

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Speaker 4: Eight million of US and we will be spending three

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Speaker 4: point eight billion dollars on clothes, beauty, gadgets and travel

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Speaker 4: like just today and Monday. Yeah, so over the next

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Speaker 4: four days, I guess the sales kind of run well.

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Speaker 4: They do to have run earlier, as I said before,

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Speaker 4: for the last week or so until this Monday, but

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Speaker 4: that is a lot of money.

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Speaker 2: Look I like that they're running a bit earlier. I

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Speaker 2: don't know if other people are going to agree with me,

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Speaker 2: but I feel like I too have been bombarded with

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Speaker 2: Black Friday sales. It's all over my Instagram, it's all

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Speaker 2: over Facebook, it's all in my emails, like everybody wants

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Speaker 2: me to buy. But I think because it started so

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Speaker 2: early this year, I've been a little bit more wary

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Speaker 2: of it. It wasn't like previous years, and maybe I've

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Speaker 2: just got my head in the sand about this, but

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Speaker 2: it wasn't like previous years where I woke up and

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Speaker 2: I'm like, oh my gosh, it's like Friday. You're right,

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Speaker 2: I should check out the deals like people have been

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Speaker 2: coming out with them earlier, so I've been like, Oh,

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Speaker 2: what do I need to buy for Christmas? Or Oh,

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Speaker 2: what do I need to organize for XYZ? Which I've

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Speaker 2: found really helpful. But I can also see that extending

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Speaker 2: for people who maybe aren't as good at budgeting cash

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Speaker 2: flow into an entire week of shopping and making sure

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Speaker 2: they didn't miss out on things. Like it's like good

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Speaker 2: and bad at the same time.

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Speaker 3: Hey, yeah, I feel like the upside of it is

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Speaker 3: it gives you the opportunity to obviously snag a deal,

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Speaker 3: which we all love, and I feel like it's towing

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Speaker 3: that fine line of making sure that you are making

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Speaker 3: purchases that align either with your values or are aligned

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Speaker 3: with the gifts that you are planning on giving. So

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Speaker 3: if you can avoid being sucked into the temptation of,

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Speaker 3: oh my gosh, it's thirty percent off, so I might

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Speaker 3: as well just buy it, it's a really great way

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Speaker 3: to save some money on your Christmas shopping because we're

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Speaker 3: you know, it's that time of year we're thinking about

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Speaker 3: our gifts. You should have your list and have checked

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Speaker 3: it twice and be ready to like get some bargains.

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Speaker 2: Oh that was really funny.

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Speaker 3: No, but I think it can be really a really

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Speaker 3: fantastic tool if you are able to avoid I guess

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Speaker 3: that mentality.

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Speaker 2: And I think that's a really smart thing to say,

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Speaker 2: because hopefully you're listening to this on Friday morning. It

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Speaker 2: is the morning of Black Friday and all of the creatures. No,

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Speaker 2: that's the other morning of Christmas. I thought I was

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Speaker 2: going to be really funny there, and I'm not. I

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Speaker 2: really need to just stop trying to be funny. But

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Speaker 2: it's the morning of Black Friday and you guys are

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Speaker 2: waking up. Hopefully you're now going Actually, I'm going to

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Speaker 2: put my smart hat on. Do I need to buy anything?

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Speaker 2: Like do I need to get Jess a birthday present

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Speaker 2: or a Christmas present soon that I could, you know,

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Speaker 2: actually just get now and save some money on I

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Speaker 2: think it's about being smart. But just because it's on

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Speaker 2: sale doesn't mean it's a good deal. Absolutely, I think

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Speaker 2: we need to have that mantra going throughout this entire

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Speaker 2: sale period because we're also going to be bombarded really

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Speaker 2: soon with the Boxing day sales and they nowadays extend

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Speaker 2: way past Boxing Day or I've found them too. So

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Speaker 2: from my point, of view. I think we really need

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Speaker 2: to be putting our thinking hats on and going all right,

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Speaker 2: how do I use this to my advantage? How do

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Speaker 2: I plan instead of putting ourselves in positions where we're like,

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Speaker 2: oh my god, I bought it because it was cheap

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Speaker 2: and I didn't even need it. So if you're one

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Speaker 2: of those trigger happy people that does that, can you

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Speaker 2: please do me a favor and double check the returns

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Speaker 2: policies during the sale period. If it cannot be returned,

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Speaker 2: triple think that purchase and if it can be go okay,

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Speaker 2: Why am I checking the returns policy? Is it because

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Speaker 2: I don't need it?

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Speaker 5: Definitely?

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Speaker 4: Hey, which generation are we guys? Because I've got a

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Speaker 4: breakdown of who spends what are we? Gen X, gen Y, GenZ?

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Speaker 2: So we're millennials. You're not gen X. If you were

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Speaker 2: a gen X, Georgie would have been born between the

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Speaker 2: sixties and the eighties, which I guarantee you you are not.

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Speaker 2: Millennials are born up until I think it was the

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Speaker 2: two thousands, and then anything after the two thousands is

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Speaker 2: gen Z and they're the cool kids, like they're the

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Speaker 2: ones that run TikTok okay.

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Speaker 5: So wait, wait, we're gen Y.

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Speaker 2: We are gen Y.

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Speaker 4: Okay, so just clarifying for the eighth time. Okay, So

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Speaker 4: a little breakdown of who is spending what. So the

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Speaker 4: baby boomers, yeah, are they our grandparents? The baby boomers

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Speaker 4: were born between the nineteen forties and the nineteen sixties,

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Speaker 4: so okay, my parent's apologies, Eric and Judi. So they're

390
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Speaker 4: spending two hundred ninety dollars, which.

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Speaker 2: Is quite a bit. Do we know what they're spending

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Speaker 2: it on?

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Speaker 4: We we do, and I'm going to get to that,

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Speaker 4: don't you want?

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Speaker 2: Okay? Sorry, sorry, I'm jumping in.

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Speaker 4: So the gen x's are spending four hundred and fifty seven,

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Speaker 4: so a big jump up.

398
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Speaker 2: They've got more money than us as well.

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Speaker 5: George, that's true, that's true.

400
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Speaker 4: That makes sense, gen Y, So that is us. We're

401
00:18:21,480 --> 00:18:24,640
Speaker 4: spending four hundred and twenty one dollars. It's a little

402
00:18:24,680 --> 00:18:27,800
Speaker 4: bit less because we have less money. I like it, Yeah,

403
00:18:28,160 --> 00:18:33,280
Speaker 4: gen Z. The techno kids, oh god, they're spending three

404
00:18:33,359 --> 00:18:36,439
Speaker 4: hundred and thirty nine dollars. So I don't know if

405
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Speaker 4: that's interesting.

406
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Speaker 2: I don't know if it's interesting, but I feel like

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Speaker 2: they're good stats. But gee, how much would you spend

408
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Speaker 2: during Black Friday sales.

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Speaker 4: Well, I won't be spending anything on myself, but if

410
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Speaker 4: I am wise, I'll get my act together and make

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Speaker 4: the purchases for my family that I'm planning.

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Speaker 2: But I'm not.

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Speaker 4: I don't feel that organized this year. I have not

414
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Speaker 4: been taking my own advice. So I need to like

415
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Speaker 4: sit down and think about it, and I'll try and

416
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Speaker 4: spend a little bit. But how about you, guys, what

417
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Speaker 4: do you think you'll spend?

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Speaker 2: I feel like talking to the sheese on the Money

419
00:19:11,160 --> 00:19:14,000
Speaker 2: team is like the worst idea when it comes to like,

420
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Speaker 2: how are you planning on spending your money? Because we

421
00:19:15,960 --> 00:19:19,080
Speaker 2: all have spreadsheets, we all have budgets. We're all like, oh,

422
00:19:19,119 --> 00:19:21,359
Speaker 2: so what's your cash flow look like this week? Like,

423
00:19:21,880 --> 00:19:25,639
Speaker 2: I'm not intending on purchasing anything for myself. Hopefully again,

424
00:19:25,760 --> 00:19:28,600
Speaker 2: I can pick up a few more presents. But the

425
00:19:28,640 --> 00:19:31,280
Speaker 2: thing with presents and I is that I've got everything

426
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Speaker 2: I can think of at the moment for people, and

427
00:19:33,560 --> 00:19:35,960
Speaker 2: then there's a few outstanding people that I'm still like,

428
00:19:36,000 --> 00:19:38,760
Speaker 2: what do I get them? So even though the sales

429
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Speaker 2: are on, I have literally no idea what I'm going

430
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Speaker 2: to order them. So I want to make use of

431
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Speaker 2: the sales, but I also don't want to like pressure

432
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Speaker 2: buy something that isn't going to be the right presence.

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Speaker 2: So rock in a hard place for me, exactly how

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Speaker 2: are you managing the sales? Good I have.

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Speaker 3: There's a few things that I've been wanting to purchase

436
00:19:55,359 --> 00:19:57,600
Speaker 3: for the last like month or so that I've held

437
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Speaker 3: off on in the hopes that they will go and sale.

438
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Speaker 3: Don't know that they will or not, but I just

439
00:20:03,000 --> 00:20:05,720
Speaker 3: kind of figured, knowing that Black Friday was coming, I

440
00:20:05,800 --> 00:20:08,040
Speaker 3: might as well wait and hope for the best. So

441
00:20:08,200 --> 00:20:11,159
Speaker 3: I reckon I will probably be pretty close to our area,

442
00:20:11,280 --> 00:20:13,320
Speaker 3: just because there's a couple of tech items that I

443
00:20:13,359 --> 00:20:15,480
Speaker 3: want to pick up. And then I have a few.

444
00:20:15,320 --> 00:20:18,760
Speaker 2: Critic items you see gen Z.

445
00:20:19,359 --> 00:20:21,399
Speaker 3: Yeah I wish I was as school as gen Z.

446
00:20:21,520 --> 00:20:22,240
Speaker 2: I'm definitely not.

447
00:20:23,040 --> 00:20:25,239
Speaker 3: But yeah, there's just a few bits and pieces that

448
00:20:25,280 --> 00:20:27,439
Speaker 3: I have been wanting for me or forgive to other people.

449
00:20:27,840 --> 00:20:29,560
Speaker 3: Like I've compiled my list and I've had it for

450
00:20:29,600 --> 00:20:31,160
Speaker 3: a very long time, and I've just kind of been

451
00:20:31,200 --> 00:20:33,880
Speaker 3: waiting to see what the best deal I can get is.

452
00:20:34,040 --> 00:20:36,240
Speaker 3: And I plan on kind of shopping around on a

453
00:20:36,280 --> 00:20:39,120
Speaker 3: few different sites using my shop back doing all those

454
00:20:39,160 --> 00:20:41,840
Speaker 3: things to make sure that I'm getting the biggest saving

455
00:20:42,000 --> 00:20:45,200
Speaker 3: that I possibly can because I am both poor and cheap.

456
00:20:45,400 --> 00:20:48,959
Speaker 2: Yeah, okay, that's really good. Did you know that Black

457
00:20:48,960 --> 00:20:52,640
Speaker 2: Friday actually only started to exist in nineteen ninety six

458
00:20:52,720 --> 00:20:54,800
Speaker 2: when we were or when I was five years old.

459
00:20:55,480 --> 00:20:56,440
Speaker 3: That doesn't surprise me.

460
00:20:56,600 --> 00:20:59,399
Speaker 4: Well, it's like a tech to bring tech back into it.

461
00:20:59,400 --> 00:21:01,640
Speaker 4: It's like a tech related thing. Isn't it like it's

462
00:21:01,640 --> 00:21:02,879
Speaker 4: an internet sale.

463
00:21:03,359 --> 00:21:06,520
Speaker 3: No, it's an in store have you seen it started

464
00:21:06,560 --> 00:21:09,159
Speaker 3: in the US? And so they do it. They all

465
00:21:09,359 --> 00:21:12,000
Speaker 3: sit down after like they have their dinner, and then

466
00:21:12,040 --> 00:21:15,280
Speaker 3: the shops open at like midnight, so it's like an

467
00:21:15,400 --> 00:21:16,399
Speaker 3: overnight sale.

468
00:21:16,520 --> 00:21:20,479
Speaker 2: And that used to be overnight. Yeah, overnight. It's like hectic.

469
00:21:20,520 --> 00:21:21,480
Speaker 2: There's these videos on.

470
00:21:21,440 --> 00:21:24,200
Speaker 3: YouTube if anyone ever went through the beauty blogger days,

471
00:21:24,240 --> 00:21:26,920
Speaker 3: on YouTube, people would literally have their dinner with their

472
00:21:26,920 --> 00:21:29,600
Speaker 3: families and then film them going Black Friday shopping and

473
00:21:29,600 --> 00:21:32,200
Speaker 3: they post these videos at like six am with these

474
00:21:32,280 --> 00:21:35,439
Speaker 3: huge bags because these shopping centers are packed with people

475
00:21:35,640 --> 00:21:37,200
Speaker 3: who have been whipped into.

476
00:21:38,680 --> 00:21:41,760
Speaker 2: YouTube, and they're like carrying TVs out and stuff.

477
00:21:41,800 --> 00:21:44,760
Speaker 3: Is that it's crazy, like people pushing people out of

478
00:21:44,760 --> 00:21:46,720
Speaker 3: the way, like, and I guess now that you know

479
00:21:46,720 --> 00:21:48,920
Speaker 3: we've got COVID safe practices and stuff, it might look

480
00:21:49,000 --> 00:21:50,080
Speaker 3: quite different this year.

481
00:21:50,320 --> 00:21:52,200
Speaker 5: It looks different, But it doesn't.

482
00:21:51,960 --> 00:21:54,960
Speaker 3: Surprise me that it started so recently, because for what

483
00:21:55,080 --> 00:21:58,479
Speaker 3: I can see, it was it's genuinely just aimed at

484
00:21:59,040 --> 00:22:02,720
Speaker 3: generating revenue and encouraging people to buy. And I think,

485
00:22:03,040 --> 00:22:06,120
Speaker 3: particularly in the US, it's like these one day sales,

486
00:22:06,160 --> 00:22:08,400
Speaker 3: like you can only get it on this one day,

487
00:22:08,760 --> 00:22:11,000
Speaker 3: and so it's kind of nice that here those sales

488
00:22:11,040 --> 00:22:14,400
Speaker 3: have extended because it allows people to shop a little

489
00:22:14,440 --> 00:22:17,720
Speaker 3: bit more mindfully rather than getting caught up in that frenzy.

490
00:22:17,920 --> 00:22:21,560
Speaker 2: I agree, the idea of frenzied shopping genuinely makes me

491
00:22:21,600 --> 00:22:24,840
Speaker 2: feel really icky, Like the idea that people would go

492
00:22:25,000 --> 00:22:27,199
Speaker 2: out not knowing what they're going to come home with

493
00:22:27,359 --> 00:22:30,199
Speaker 2: or not knowing what they're going to purchase really just

494
00:22:30,320 --> 00:22:33,640
Speaker 2: makes me stressed that they don't have good cash flow

495
00:22:33,640 --> 00:22:36,880
Speaker 2: systems in place. And I'm not saying don't buy stuff,

496
00:22:36,920 --> 00:22:39,200
Speaker 2: like please, don't get me wrong. Someone the other day

497
00:22:39,200 --> 00:22:41,080
Speaker 2: messaged me on Instagram and they're like, I bet you

498
00:22:41,119 --> 00:22:43,920
Speaker 2: never buy anything new, and I was like, no, totally,

499
00:22:43,960 --> 00:22:46,800
Speaker 2: I do like ask Jess. Like we get packages in

500
00:22:46,840 --> 00:22:50,119
Speaker 2: the office all the time, but if I'm ordering something

501
00:22:50,200 --> 00:22:53,320
Speaker 2: or buying something, it's literally because I've planned it. It's

502
00:22:53,320 --> 00:22:55,760
Speaker 2: in my budget, it's a part of my cash flow.

503
00:22:55,800 --> 00:22:58,960
Speaker 2: It's not me going, oh I'm trigger happy, or I'm

504
00:22:58,960 --> 00:23:01,240
Speaker 2: just going to go shopping. I'll head to Chadsden and

505
00:23:01,280 --> 00:23:03,720
Speaker 2: I'll have spent three or four hundred dollars. Like to me,

506
00:23:03,960 --> 00:23:07,040
Speaker 2: that's not what I do. I work out what I

507
00:23:07,080 --> 00:23:08,920
Speaker 2: want to purchase, and I may go, hey, Jess, do

508
00:23:08,920 --> 00:23:10,800
Speaker 2: you want to go shopping? Like I really want a

509
00:23:10,840 --> 00:23:13,920
Speaker 2: new linen shirt, and I'm going for a particular item,

510
00:23:14,200 --> 00:23:17,200
Speaker 2: But I don't go with no intention, if that makes

511
00:23:17,240 --> 00:23:21,399
Speaker 2: any sense. But I feel like historically that wasn't my

512
00:23:21,480 --> 00:23:24,000
Speaker 2: mentality at all. Like I remember when I was much

513
00:23:24,080 --> 00:23:28,040
Speaker 2: much younger, Boxing day sales were so cool, like when

514
00:23:28,080 --> 00:23:31,879
Speaker 2: I was like in late primary school, early secondary school.

515
00:23:31,920 --> 00:23:35,080
Speaker 2: I just feel like I feel like they've potentially changed

516
00:23:35,119 --> 00:23:39,159
Speaker 2: and become less exciting. Is that me getting old or

517
00:23:39,200 --> 00:23:40,360
Speaker 2: is that actually true?

518
00:23:40,440 --> 00:23:44,000
Speaker 3: Guys, I feel like the sales have also potentially declined.

519
00:23:44,160 --> 00:23:46,120
Speaker 3: I don't know again if that's because I was younger

520
00:23:46,160 --> 00:23:49,280
Speaker 3: and my perception of them was different. But like now

521
00:23:49,320 --> 00:23:53,200
Speaker 3: the Boxing day sales really don't seem like they're anything crazy,

522
00:23:53,280 --> 00:23:55,679
Speaker 3: and they don't seem any more unique than what we

523
00:23:55,720 --> 00:23:58,560
Speaker 3: see it Black Friday or in the lead up to Christmas. Yeah,

524
00:23:58,600 --> 00:24:01,080
Speaker 3: it just doesn't seem like it's worthy, no.

525
00:24:01,240 --> 00:24:03,520
Speaker 4: I think as well, Like who can actually be bothered

526
00:24:03,880 --> 00:24:07,560
Speaker 4: going to the stores anymore? Especially on Boxing Day you

527
00:24:07,680 --> 00:24:11,280
Speaker 4: hung over from a big crissy, like it's usually sweltering outside,

528
00:24:11,280 --> 00:24:13,240
Speaker 4: it's like forty degrees. We're not going to the stores.

529
00:24:13,240 --> 00:24:15,800
Speaker 4: We're just doing that online, Like it's just not a

530
00:24:15,800 --> 00:24:16,600
Speaker 4: big deal anymore.

531
00:24:17,000 --> 00:24:19,720
Speaker 2: Yeah, And I feel like online you can always find

532
00:24:19,720 --> 00:24:22,800
Speaker 2: a better deal anyway if you're looking for something, in particular,

533
00:24:22,840 --> 00:24:25,400
Speaker 2: because we now have access I guess to the Globe

534
00:24:25,480 --> 00:24:29,600
Speaker 2: as opposed to just chadsten or just you know, Bond dijunction.

535
00:24:29,760 --> 00:24:31,480
Speaker 2: It's not as though we're just going to go head

536
00:24:31,480 --> 00:24:34,280
Speaker 2: down to our local mayre and hope that missshops on sale,

537
00:24:34,320 --> 00:24:36,879
Speaker 2: Whereas that's what I was doing at thirteen, and I

538
00:24:36,960 --> 00:24:39,240
Speaker 2: was so excited, Like I remember we would go shopping

539
00:24:39,240 --> 00:24:41,000
Speaker 2: and Mum would be like, okay, cool, like we need

540
00:24:41,040 --> 00:24:43,600
Speaker 2: to get you some summer stuff anyway, Like let's do it.

541
00:24:43,640 --> 00:24:46,720
Speaker 2: Today and it would always be so fun. But yeah,

542
00:24:46,760 --> 00:24:49,840
Speaker 2: it's definitely not the same anymore. The other thing I'm

543
00:24:49,920 --> 00:24:53,040
Speaker 2: noticing about sales in comparison to what they used to

544
00:24:53,080 --> 00:24:56,439
Speaker 2: be is for US, Boxing Day was like the sale,

545
00:24:56,800 --> 00:25:00,879
Speaker 2: whereas now we've got like Halloween sales and Black Friday sales,

546
00:25:00,880 --> 00:25:04,520
Speaker 2: And I genuinely feel like American culture is starting to

547
00:25:04,640 --> 00:25:08,000
Speaker 2: infiltrate the way that we buy in Australia, which is

548
00:25:08,400 --> 00:25:10,720
Speaker 2: awesome because I always used to think that I missed

549
00:25:10,720 --> 00:25:14,800
Speaker 2: out on Halloween, But also like, why are we adopting

550
00:25:14,840 --> 00:25:17,840
Speaker 2: these things that they're doing. Is it just sales? Is

551
00:25:17,880 --> 00:25:20,120
Speaker 2: it you know, companies going this is a really great

552
00:25:20,119 --> 00:25:23,520
Speaker 2: marketing strategy or do you think we're just becoming more global?

553
00:25:23,640 --> 00:25:26,240
Speaker 3: I'm really skeptical, but I'm going to go the second option.

554
00:25:26,400 --> 00:25:29,000
Speaker 3: I think it's all about the profit for businesses, especially

555
00:25:29,000 --> 00:25:31,159
Speaker 3: off the back of COVID with shops being closed for

556
00:25:31,200 --> 00:25:33,919
Speaker 3: months at a time, I think that they really just

557
00:25:33,960 --> 00:25:35,920
Speaker 3: want to get people in their doors spending their money.

558
00:25:36,000 --> 00:25:38,560
Speaker 2: Yeah, I agree. I just feel like all of these

559
00:25:38,640 --> 00:25:42,399
Speaker 2: things are not really ours, if that makes sense. Like

560
00:25:42,400 --> 00:25:44,879
Speaker 2: we've got Boxing Day, let us have Boxing Day sales?

561
00:25:44,920 --> 00:25:47,760
Speaker 2: Like why do we need Black Friday, Cyber Monday, all

562
00:25:47,800 --> 00:25:50,600
Speaker 2: of these other sales. I feel like I'm going down

563
00:25:50,640 --> 00:25:52,800
Speaker 2: a negative pathway, but I'm not. I just really like

564
00:25:52,960 --> 00:25:56,919
Speaker 2: understanding the psychology behind how everybody works and what drives

565
00:25:57,000 --> 00:25:59,919
Speaker 2: marketing and what drives consumer decisions and why we make

566
00:26:00,040 --> 00:26:02,399
Speaker 2: decisions around our money the way we make them. But

567
00:26:02,480 --> 00:26:05,960
Speaker 2: I'm not. Black Friday is actually, I guess, from our perspective,

568
00:26:06,040 --> 00:26:08,080
Speaker 2: really exciting because it means that we can probably get

569
00:26:08,119 --> 00:26:11,080
Speaker 2: some creazy presents on sale or prepare ourselves or I

570
00:26:11,240 --> 00:26:13,040
Speaker 2: know I'm going to be buying some new knickers because

571
00:26:13,040 --> 00:26:15,080
Speaker 2: they're going to all be on sale. And I refuse

572
00:26:15,200 --> 00:26:19,000
Speaker 2: to pay full price for bonds. Guys just refuse, like

573
00:26:19,080 --> 00:26:21,920
Speaker 2: flat out, it's not happening. They go on sale, it's happening.

574
00:26:22,160 --> 00:26:24,320
Speaker 2: So I think the main call to action for us

575
00:26:24,400 --> 00:26:27,119
Speaker 2: is actually to just be prepared. And we've done episodes

576
00:26:27,200 --> 00:26:29,800
Speaker 2: historically on how to prepare for sales and what that

577
00:26:29,840 --> 00:26:31,719
Speaker 2: actually means, and how to spend in line with your

578
00:26:31,840 --> 00:26:34,640
Speaker 2: values and what your actual goals are. So I think

579
00:26:34,760 --> 00:26:36,760
Speaker 2: just being really clear on how you want to spend

580
00:26:36,760 --> 00:26:38,840
Speaker 2: and what you want to spend is fine and not

581
00:26:38,960 --> 00:26:41,280
Speaker 2: going Oh, I hate sale periods like that's not the

582
00:26:41,320 --> 00:26:43,159
Speaker 2: case at all. We just need to know how to

583
00:26:43,200 --> 00:26:45,479
Speaker 2: tackle them and have the right tools and resources at

584
00:26:45,480 --> 00:26:47,840
Speaker 2: our disposal to make sure that we're making the most

585
00:26:47,840 --> 00:26:50,000
Speaker 2: of them, not being made fools by them.

586
00:26:50,080 --> 00:26:52,000
Speaker 3: I completely agree, and if you do need a little

587
00:26:52,000 --> 00:26:54,720
Speaker 3: bit of help prepping yourself mentally for the sales, you

588
00:26:54,720 --> 00:26:57,119
Speaker 3: guys did a really great ap around this time last

589
00:26:57,200 --> 00:26:59,680
Speaker 3: year on navigating sales like a pro, which is well

590
00:26:59,720 --> 00:27:02,679
Speaker 3: worth listen. But I think it's time to wrap up

591
00:27:02,680 --> 00:27:06,480
Speaker 3: because George, you and I may have stuffed up slightly.

592
00:27:07,480 --> 00:27:09,800
Speaker 2: Just start up. Where's our listener question?

593
00:27:10,280 --> 00:27:12,919
Speaker 3: A little bit of a miscommunication on the listener question.

594
00:27:13,880 --> 00:27:16,879
Speaker 3: We didn't call out for one and also didn't find

595
00:27:16,920 --> 00:27:19,879
Speaker 3: one so in the future, so I don't look like

596
00:27:19,920 --> 00:27:22,320
Speaker 3: an accomplishment. More on, Please send your listener questions as

597
00:27:22,359 --> 00:27:24,680
Speaker 3: an audio recording to podcasts at She's on the Money

598
00:27:24,720 --> 00:27:27,280
Speaker 3: dot com dot a. You we love answering them. I

599
00:27:27,280 --> 00:27:29,120
Speaker 3: think this was a really fun thing to bring back.

600
00:27:29,119 --> 00:27:32,119
Speaker 3: It gives me very nostalgic og s OTM vibes. I

601
00:27:32,119 --> 00:27:33,360
Speaker 3: don't know if anyone else feels.

602
00:27:33,119 --> 00:27:36,400
Speaker 2: The same way that, guys, so come on, you could

603
00:27:36,440 --> 00:27:38,639
Speaker 2: have at least made one up. Yeah, tea, we are.

604
00:27:38,720 --> 00:27:41,360
Speaker 2: You're both like sorry, we're live on the pod. We

605
00:27:41,400 --> 00:27:46,760
Speaker 2: also don't have that. Instead of being like, oh said this,

606
00:27:47,480 --> 00:27:54,440
Speaker 2: come on guys anyway, well Schmiktoria from Schmeshika and she says,

607
00:27:54,760 --> 00:27:57,280
Speaker 2: how do I buy things? But I think that that's

608
00:27:57,320 --> 00:27:59,440
Speaker 2: a good place to leave it if you guys haven't

609
00:27:59,480 --> 00:28:02,399
Speaker 2: done the rest of your jobs. So as always, just

610
00:28:02,480 --> 00:28:04,760
Speaker 2: before we head off, we'd like to acknowledge and pay

611
00:28:04,800 --> 00:28:08,880
Speaker 2: respect to Australia's Aboriginal and Torris Straat islander peoples. They're

612
00:28:08,880 --> 00:28:11,879
Speaker 2: the traditional custodians of the lands, the waterways and the

613
00:28:11,920 --> 00:28:15,280
Speaker 2: skies all across Australia. We thank you for sharing and

614
00:28:15,359 --> 00:28:17,600
Speaker 2: for caring for the land on which we are able

615
00:28:17,640 --> 00:28:20,880
Speaker 2: to learn. We pay respects to elders past and present,

616
00:28:20,960 --> 00:28:23,400
Speaker 2: and we share our friendship and our kindness.

617
00:28:23,600 --> 00:28:26,080
Speaker 4: And remember, guys, that the advice shed on She's on

618
00:28:26,119 --> 00:28:28,719
Speaker 4: the Money is generally in nature and does not consider

619
00:28:28,880 --> 00:28:32,679
Speaker 4: your individual circumstances. She's on the Money exists purely for

620
00:28:32,840 --> 00:28:35,600
Speaker 4: educational purposes and should not be relied upon to make

621
00:28:35,600 --> 00:28:39,680
Speaker 4: an investment or a financial decision. And we promise Victoria

622
00:28:39,720 --> 00:28:43,760
Speaker 4: Divine is an Authorized Representative of Australia Pacific Funds Management

623
00:28:44,040 --> 00:28:47,600
Speaker 4: Proprietary Limited ABN three four one three two four six

624
00:28:47,680 --> 00:28:50,800
Speaker 4: three two five seven AFSL three three nine one five

625
00:28:50,920 --> 00:28:52,400
Speaker 4: one fun.

626
00:28:52,760 --> 00:28:53,959
Speaker 2: See you next week, guys.

627
00:28:54,200 --> 00:28:58,880
Speaker 5: Bye bye guys.

628
00:29:00,720 --> 00:29:01,200
Speaker 3: He sa