Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money, the podcast
Speaker 2: for millennials who want financial freedom. Today my loves it
Speaker 2: is Friday, which means it is time to get our
Speaker 2: team together and celebrate you our incredible She's on the
Speaker 2: Money community. Today we're going to be sharing our favorite
Speaker 2: money in as well. That's actually just a great geys job.
Speaker 3: Hello.
Speaker 2: We're going to be helping answer a juicy money dilemma,
Speaker 2: which this week is all about how to record information
Speaker 2: on your tax return, and we're going to be unpacking
Speaker 2: something new slid into our DMS, about which this week
Speaker 2: is all about how to have a conversation about splitting
Speaker 2: group gifts with friends, which I think is gonna get
Speaker 2: a little bit spicy.
Speaker 3: But we like spicy in this team, Yes, we do,
Speaker 3: certainly do.
Speaker 4: My loves.
Speaker 2: How have your weeks been, Jess, Let's start with you,
Speaker 2: because I always feel like we throwed a beck.
Speaker 3: Oh I was not ready. I look, I looked. It's
Speaker 3: been good.
Speaker 4: It's been a I would tell, like a normal good week,
Speaker 4: just like doing things. It's a short week this week,
Speaker 4: happy good Friday, be good if if you're listening.
Speaker 2: I have the day of him. We're going to do
Speaker 2: an Easter egg stop. I'm so excited. There's so many
Speaker 2: little humans in our friend group and family at the moment,
Speaker 2: and I just feel like times like this I just
Speaker 2: made so much more special when there's like little people
Speaker 2: who are excited about fantasy, Like isn't it like Easter
Speaker 2: Bunny's coming?
Speaker 3: And they're like, holy, Holy, is that not the most
Speaker 3: fun thing? Ever?
Speaker 4: Yeah, how excited they get about it is the best.
Speaker 4: My personal favorite part of the long weekend is the
Speaker 4: day after the long weekend when all of.
Speaker 3: These chocolate.
Speaker 4: I will be buying every available part of kind eggs
Speaker 4: that exists. Hold up kindo egg I think I don't
Speaker 4: know they're officially Bueno, but they taste like Bueno mini eggs.
Speaker 3: Okay, if I see any I will pick them up
Speaker 3: for you.
Speaker 2: Because I'm a nice person, so kind, and I also
Speaker 2: know how to bribe.
Speaker 3: I'll bring something.
Speaker 2: She's not going to share. You know what she's going
Speaker 2: to do. I'm onto Jess. She is incredibly generous, but
Speaker 2: she's going to bring all of her Cadbury solid eggs
Speaker 2: that she doesn't want anymore and share those with the team.
Speaker 2: Ah and Gate keep the kinder Yeah maybe actually okay
Speaker 2: with that, he's still got some Ye, she's still incredibly generous,
Speaker 2: But like the ones she's sold us on, you got
Speaker 2: to leave her house.
Speaker 3: I see, I see, I see saving the best for
Speaker 3: the best.
Speaker 2: For the last, Like when you share a meal with somebody.
Speaker 2: I was talking to Steve about this the other day,
Speaker 2: and I save my favorite part of the meal to
Speaker 2: the very end. If there's like a good bit or
Speaker 2: something crispy or like I don't know, really like mashed potato,
Speaker 2: I will like leave that till last and eat or
Speaker 2: may not favorite things first. Steve just eats it first.
Speaker 2: Is that rogue?
Speaker 1: To you?
Speaker 3: That is rogue? My best friend does the exact same thing,
Speaker 3: she says, in case she gets full, she wants to
Speaker 3: eat the best thing first. No, no, no, you had
Speaker 3: to get it over and done with. But what about
Speaker 3: do you eat?
Speaker 4: Like if you have a plate with four like you've
Speaker 4: got some corn, some peas, some mashed potatoes, and some tofu.
Speaker 3: You don't eat meat?
Speaker 4: Do you go section by section? Or do you have
Speaker 4: a little bit of peas, a little bit of corn,
Speaker 4: some taties and jump around?
Speaker 3: If there's a boiled broccoli, this is so I'm going
Speaker 3: to go a boiled broccoli, boiled carrot, buy itself first
Speaker 3: so I can get it out of the way. And
Speaker 3: you don't use those as vehicles for the mass like
Speaker 3: a wetness, like to quench your thirst while you eat.
Speaker 3: Sometimes I do, but I prefer to just get it
Speaker 3: out of the way.
Speaker 2: Where is this going quench your thirst while you beat
Speaker 2: the carrot?
Speaker 1: You get it?
Speaker 3: It's juicy, I know it's moist.
Speaker 2: No, I like hop around the plate and I kind
Speaker 2: of it's like the other day I got sushi rolls,
Speaker 2: right and like I love like I think they're called
Speaker 2: the Californian roles, but I don't get the California, and
Speaker 2: I get like the tempura veggie and cucumber, and then
Speaker 2: I get like there's like a tiarchy tofu and anyway,
Speaker 2: so I get three of those rolls, I will psycho
Speaker 2: or what, I will bite all three, taste all three
Speaker 2: of them, and decide which is the best one. I
Speaker 2: will then put the best one to the side, eat
Speaker 2: the other ones, and then go back to my favorite,
Speaker 2: so that I end on my favorite because I don't
Speaker 2: want to start one of those roles and then realize
Speaker 2: that that was the best role that I had.
Speaker 4: Yeah, and they're saying they have the same stuff and
Speaker 4: they don't.
Speaker 3: I don't want to eat that.
Speaker 2: And then like get to the teriarchy tofu one and
Speaker 2: it's not as good as it usually is. So got
Speaker 2: to taste test all of them. And yesterday the tempio
Speaker 2: vegetable and cucumba was elite, so I just I saved
Speaker 2: that for last. Then go and if I'm getting a
Speaker 2: bit full to counteract your best friend's behavior, if I'm
Speaker 2: getting a bit full, all right, well I'm going to
Speaker 2: give up the middle food and go directly to the
Speaker 2: end and have all my favorite food and then we're done.
Speaker 3: And now you know more about us than you ever
Speaker 3: needed to know. Anyway, there, how are you? How's your
Speaker 3: week going? My wek was so sick. The comedy vessel
Speaker 3: had started. Oh my god. Yeah, so I into two
Speaker 3: shows already. I want to fit in more though. I
Speaker 3: want every second of my day to be crammed, jam
Speaker 3: ACKed with love.
Speaker 2: Comedy.
Speaker 4: Such a Melbourne thing, isn't it? The comedy fast? Like
Speaker 4: I say, tore it, but like it's so iconic, it's.
Speaker 3: So good, it's so good. So and obviously short week, Easter,
Speaker 3: whole week has just been great. It was your favorite
Speaker 3: person you saw. I really like Alex Ward, which I
Speaker 3: know is she's not very I don't know, maybe she's famous,
Speaker 3: do you guys know Alex Ward? No, but like you're
Speaker 3: gonna make her famous putting her on this podcast. Basically
Speaker 3: she's like a friend and a friend and also and
Speaker 3: I didn't know that at the time, so famous. Well
Speaker 3: you know kin' well technically basically I don't know you
Speaker 3: that is not famous.
Speaker 2: There's a difference between famous and infamous notorious. I guess
Speaker 2: it's a good thing.
Speaker 3: I see, I see. I'm gonna have to Yeah, I'm
Speaker 3: gonna have to try and figure out what those two
Speaker 3: meanings are. But she was really really good.
Speaker 2: Have you ever seen any No, No, Because at the
Speaker 2: moment I think we've spoken about it, I'm not living
Speaker 2: close to the city at the moment while we finish
Speaker 2: our renovation, I'm like an hour and a half away.
Speaker 2: And this year when I was trying to work out
Speaker 2: what I could go to, I just I couldn't be
Speaker 2: bothered with the commute. And after the last month March
Speaker 2: for us was massive and we were, you know, traveling
Speaker 2: so much, I'm just like becoming really evasive of any
Speaker 2: type of travel that is not necessary. Like, if you
Speaker 2: want to put me in a car, there's going to
Speaker 2: have to be a good reason for it.
Speaker 3: This month fair enough. So yeah, I couldn't justify it.
Speaker 4: Is that perhaps some money when you're saving on fuel.
Speaker 4: Let that go with that excellent segue from me.
Speaker 3: Actually, sorry, Discourachi, before we continue, Our producer is deathsperate
Speaker 3: to talk about because actually, all morning.
Speaker 2: We not give up enough about how weird we are.
Speaker 2: When we explained our process of elimination of vegetables, on
Speaker 2: our plat think we've opened.
Speaker 3: The door and we need to This is the only
Speaker 3: opportunity you're going to get.
Speaker 2: I mean it's Easter, so like this doesn't come up often.
Speaker 3: No, So we just want to know because all morning
Speaker 3: we have been eating Easter eggs, unwrapping them carefully, hollow
Speaker 3: Easter eggs.
Speaker 2: The big boys, yeah, like time, but I do it
Speaker 2: with the tiny ones.
Speaker 3: To do it with the tiny ones, and then smoothing
Speaker 3: the hell out of it until it is within an
Speaker 3: inch of its life.
Speaker 2: It's like you iron the foil with your fingertip.
Speaker 3: Yes, or some people scrunch, which no, no, no, that's like
Speaker 3: I behavior.
Speaker 2: We have agreed that in this team, we all are smoothers,
Speaker 2: except for our producer and also who apparently just rips
Speaker 2: up foil like a psychopath.
Speaker 3: I wish I had known that before I became a friend.
Speaker 2: I don't know if she's going to continue being our producer,
Speaker 2: but I'm not who doesn't meticulously unwrap a foil egg
Speaker 2: and then smooth out the like the foil and then
Speaker 2: if it doesn't get any rips, This particular one that
Speaker 2: looks like glass on the back of a water bottle
Speaker 2: lid yeah, yep, I did that one, and then I
Speaker 2: gifted it to Beck because it was like a book.
Speaker 3: Like a magar. Give it a little shake. I'm going
Speaker 3: to give it a little shake in the mic for
Speaker 3: everyone listening at home. You can how smooth it?
Speaker 2: That's starting ISMR. It's a money win that I gifted
Speaker 2: that to you. But Jessica, let's segue into the community
Speaker 2: money wins, because honestly, we're gonna lose a lot of
Speaker 2: people who listen to this podcast if we continue on
Speaker 2: the currentry trategery.
Speaker 4: All right, well, let me start with a goodie this
Speaker 4: week from Catherine, who said, I went back into working
Speaker 4: in childcare after taking many years off. I found out
Speaker 4: that my children get a sixty percent discount because I
Speaker 4: work in the industry. So helpful considering I've got two
Speaker 4: kids in daycare at the moment.
Speaker 3: That's probably a really good money win.
Speaker 4: Very good money when I feel like we might have
Speaker 4: a few childcare workers out there. If you didn't know that,
Speaker 4: now you know.
Speaker 2: I actually love that. You guys deserve it as well,
Speaker 2: because you're already underpaid from my perspective, So getting a
Speaker 2: little bit of a money wins sixty percent that command.
Speaker 3: That's good, not bad.
Speaker 4: My next win comes from Vanessa, who said I sold
Speaker 4: some shares that had increased by just over five hundred dollars.
Speaker 4: They didn't align with my values, and I'll be putting
Speaker 4: the money into an ETF instead.
Speaker 2: Oh see, that is a solid strategy. So I think
Speaker 2: when we start our investing journeys sometimes we pick things
Speaker 2: that in a couple of years when you know more
Speaker 2: about investing. Here, oh, I wouldn't have had that, But
Speaker 2: that doesn't mean you need to dispose of them immediately,
Speaker 2: like waiting for a circumstance where they're up, they're putting
Speaker 2: you in a good position. You can then dispose of
Speaker 2: them and put them into something else like that's just
Speaker 2: smart investing behavior, guys.
Speaker 4: And as I said, you'll have some capital gains. But
Speaker 4: her brother is an accountant and he'll sort it out
Speaker 4: for her. A tax time, double warnings, sick, double weird.
Speaker 4: My next one comes from Tanya, who said I had
Speaker 4: to credit the dentist for what I thought was going
Speaker 4: to be major work. Turns out just a normal scale
Speaker 4: and polish and it was twelve dollars after my health
Speaker 4: insurance raved dollars. Who's ever gone to the dentist and
Speaker 4: walked out being what is this nineteen sixty two?
Speaker 3: The dream just so good?
Speaker 2: Yeah? How cool is that?
Speaker 3: Yeah? The economy's five. We're all wrong, we were all wrong.
Speaker 3: That's actually incredible.
Speaker 4: My next money comes from Danielle, who said, I managed
Speaker 4: to consolidate my debt and now instead of having an
Speaker 4: all a most twenty percent interest rate, it's going to
Speaker 4: be sitting at around the eight percent mark. Huge.
Speaker 2: Oh how good is that? And I know that obviously
Speaker 2: being in personal debts not something we all want, but
Speaker 2: at the moment, I feel like a lot of us
Speaker 2: are going to be leaning on this and we just
Speaker 2: need to have open, honest, transparent conversations about what it
Speaker 2: takes to get by. And if that's the case, just
Speaker 2: find the best solution for you. Don't just go with
Speaker 2: the first one that comes across. And if you've got
Speaker 2: a number of personal debts, have a chat to a
Speaker 2: finance broker who could maybe sit you down and go, okay, cool,
Speaker 2: you've got you know, three debts across a credit card
Speaker 2: and maybe two personal loans. How about we whack them
Speaker 2: all together and get a lower interest rate for you.
Speaker 4: Eight percent versus twenty percent. I Fegel got down here,
Speaker 4: so your money will be something there. Yeah, and then
Speaker 4: very on them. For my last money win today from
Speaker 4: at Tina, she said, free local Easter egg hunts are
Speaker 4: going around at this time of year. Our local real
Speaker 4: estate agent put an Easter egg hunt on for kids
Speaker 4: under twelve, free ice cream and coffee prize and color
Speaker 4: and competitions, and then our daycare center will also be
Speaker 4: putting on an Easter egg hunt.
Speaker 3: Oh love. This made me think a lot.
Speaker 4: My local council does one every year, so I feel like,
Speaker 4: if you've got the kiddies and you're a bit strapped
Speaker 4: for cash, it could be a fun way to do
Speaker 4: something special.
Speaker 3: Cue.
Speaker 2: That was one of my radio tips. So for those
Speaker 2: of you who still listen to the radio, I have
Speaker 2: a radio segment on Kiss FM and Gold one oh
Speaker 2: four I believe and also Mix which is wild and
Speaker 2: every day I give like money tips and tricks. Yeah,
Speaker 2: that was just one of my tips and tricks for
Speaker 2: this week. Was like check your council websites and check
Speaker 2: your Facebook groups and stuff and see what's going on.
Speaker 2: Because as the cost of living continues to increase, like
Speaker 2: free activities way more sexy than they used to be.
Speaker 3: Three used to be good.
Speaker 2: Now free is epic.
Speaker 3: We love free, especially when it's free chocolate.
Speaker 2: Yeah, oh yeah, one hundred percent. I'm very excited for Easter,
Speaker 2: like given given there are so many kids around, so
Speaker 2: many chocolates around. But I'm making people do Easter activities
Speaker 2: like we are doing an egg and spoon race. We
Speaker 2: are doing we are channeling school fate, but in Victoria's
Speaker 2: backyard this week weekend. Yeah, don't wait to update you guys.
Speaker 2: All right, let's go to a really quick break on
Speaker 2: the flip side. We're going to come back with a
Speaker 2: money dilemma. We want to talk about how to record
Speaker 2: information on your tax return, but then we're also going
Speaker 2: to be talking about how to split group gifts for friends,
Speaker 2: because I think that that can get a little bit topical,
Speaker 2: a little bit spicy, not so diplomatic. So don't go anywhere, guys.
Speaker 2: We will see you on.
Speaker 3: The flip side. All right, you know what time it is?
Speaker 3: Money dollar time?
Speaker 1: Yeah?
Speaker 2: Hi, there, have you got a money dilemma you just
Speaker 2: can't solve. The Sheese on the Money Team is here
Speaker 2: to help. Every week we tackle your dilemmas, both big
Speaker 2: and small to answer your most burning money, career and
Speaker 2: life questions. To get involved, simply head to our website
Speaker 2: and leave us a short voice recording and you might
Speaker 2: just find yourself on the show. Now, let's take a
Speaker 2: listen to this week's money dilemma.
Speaker 5: Hi lady, I love your work, love your podcast, and
Speaker 5: wondering if you can help me with some information about
Speaker 5: software or an app or an interface of some kind
Speaker 5: to help me with my tax time each year, just
Speaker 5: collecting my expenses and my income in an easier way
Speaker 5: than I do it right now, which is by hand.
Speaker 5: So thanks so much, I can't wait to hear what
Speaker 5: you've got to say. And lots of hugs from Mandy.
Speaker 5: Thanks by lots.
Speaker 2: Of bugs right, a billion hugs right back. I am
Speaker 2: oh so wholesome.
Speaker 3: But also such a good question, very good question.
Speaker 2: So many of us are probably still doing it manually,
Speaker 2: and I'm even a little bit guilty of this while
Speaker 2: I'm still the girl with the shoebox, Like I still
Speaker 2: have a shoebox full of receipts and stuff. It's like
Speaker 2: beside my desk, it's a designer shoebox. Does that help?
Speaker 3: Does that okay? Or maybe worse.
Speaker 2: I'm not claiming the shoes though, so that's maybe better.
Speaker 2: Moving on. It's a really good question. And there are
Speaker 2: a million different apps and stuff if you tie up
Speaker 2: tax into the app store, and it's not helpful, right,
Speaker 2: But the best app that I have come across is
Speaker 2: the most boring recommendation. Are you ready for this? The
Speaker 2: Australian Taxation Office have an app?
Speaker 3: Really I do if I have it on my phone.
Speaker 2: No, it's called the ATO app. They're probably real proud
Speaker 2: of this one. I love them. I think they're doing
Speaker 2: a really good job. But the ATO app is essentially
Speaker 2: a really simple and easy way for you to access
Speaker 2: and manage your tax and super on the go, which is.
Speaker 3: Sounds like a it does sound like I'm trying to
Speaker 3: sell it to you, which I am, and you have
Speaker 3: and I have call.
Speaker 2: But it's free. We love that. If you're an individual,
Speaker 2: or you're a soul trader, or you even have a business,
Speaker 2: you can access your personal tax and SUPER information on
Speaker 2: that app. But there are also a whole heap of
Speaker 2: really helpful features like tracking receipts really and keeping track
Speaker 2: of things, and you know what it does, files it
Speaker 2: away so when you do.
Speaker 4: Ride that I believe, correct me if I'm wrong. But
Speaker 4: they also have if you're someone who claims travel in
Speaker 4: your car because you use the log book method more
Speaker 4: often than not, I'm pretty sure there's a feature in
Speaker 4: that same app where you can track your travel. So
Speaker 4: it's all plugged directly in as well.
Speaker 2: All right, we'll just take the words right out of
Speaker 2: my mouth, miss Treat. They also have another app. They
Speaker 2: don't just have one app, They've got two apps.
Speaker 3: Look at them.
Speaker 2: Go is called my Deductions brilliant, and it is a
Speaker 2: record keeping tool so you can actually keep record of
Speaker 2: all your work related expenses like vehicle trips, Jessica huge
Speaker 2: that you make in general expenses so maybe like the
Speaker 2: cost of managing your tax affairs, or like gifts or
Speaker 2: donations that you make, and then you can upload these
Speaker 2: records a tax time to make lodging your tax return
Speaker 2: a whole heap easier. I promise it is actually really easy.
Speaker 2: The ATO have made that so that absolutely everybody can
Speaker 2: just access it and use it like it's a really
Speaker 2: simple interface, which, to be honest, and I think is
Speaker 2: really important. But that's what I would recommend. The at app,
Speaker 2: and then the my deductions app are both of them
Speaker 2: are government runs, so you know that it's not like
Speaker 2: trying to clip the ticket in the background or like
Speaker 2: sell you something else, and you know that you're not
Speaker 2: going to have to ever pay for them. It's just
Speaker 2: a simple way to keep I guess your record straight
Speaker 2: if you don't want a app tholk. So there are
Speaker 2: going to be some people are out there that are like,
Speaker 2: you don't have a smart Troyer. Yeah, and if you're
Speaker 2: as lazy as me, so like I have a smartphone.
Speaker 2: Jess just can probably attest to this.
Speaker 3: Back.
Speaker 2: Do I use it efficiently?
Speaker 3: Probably?
Speaker 5: Not?
Speaker 3: How many how many times do I answer the phone
Speaker 3: when you call? It's like, it's not that's not even
Speaker 3: what it's for.
Speaker 2: I am convinced that I have a phone so that
Speaker 2: I can use TikTok Yep, that's it.
Speaker 3: Don't try calling me machine.
Speaker 2: Why are you, Jessica trying to interrupt me talking anyway?
Speaker 2: I am pretty basic, but I'm also the bit complicated
Speaker 2: because I have business expenses and personal expenses and all
Speaker 2: of that. And when you have as many different entities
Speaker 2: as I do, I just I put it all in
Speaker 2: one place, and I actually have a folder on my
Speaker 2: phone called tax time two two three, and I take
Speaker 2: photos of all my receipts and pop them in there
Speaker 2: so that come tax time, I just go to the
Speaker 2: one album, like taking a photo of it, good, but
Speaker 2: actually filing it into an album so you don't have
Speaker 2: to like scroll back through the six hundred million photos
Speaker 2: you've taken of your cat. Really extra helpful. Yeah, yeah,
Speaker 2: so that's what I do, the ATO app that my
Speaker 2: deductions are app and then if you don't want to
Speaker 2: do that, just taking photos of everything and keeping it
Speaker 2: in one clean and clear space so when you're doing
Speaker 2: your tax return it can just be a much cleaner
Speaker 2: and simpler process because it turns out having a designer
Speaker 2: shoe box beside your desk is not that sexy. And
Speaker 2: to be honest, my accountant last year threatened violence.
Speaker 4: So yeah, well, you know what, talking about receipts and
Speaker 4: doing things the manual difficult way. This week, someone set
Speaker 4: into our DMS to ask about splitting expenses.
Speaker 3: Did they not?
Speaker 2: They did? And I feel like this can be a
Speaker 2: really do we want to call it? Like spicy topic?
Speaker 3: Dam popped off? The dams popped off.
Speaker 2: Our social media manager says, the dams popped off, it
Speaker 2: means it's slegit.
Speaker 3: Guy is serified.
Speaker 2: So this week we got a question and we posted
Speaker 2: it on our stories, and the question was, Hey, girls,
Speaker 2: I'm facing an annoying gamma at the moment with my
Speaker 2: friends and I. I have a big group of around
Speaker 2: fifteen girls, unrelatable content, and it is getting really hard
Speaker 2: buying everyone at a birthday present. I feel like I
Speaker 2: can never quite afford it, and it just feels like
Speaker 2: an expense that's unnecessary. Is there a way I can
Speaker 2: go about this with my friends or an alternative I
Speaker 2: can offer. Someone offered the idea of everyone puts in
Speaker 2: what they can afford, but one of my friends didn't
Speaker 2: like how people who put in ten dollars get the
Speaker 2: same credit as people who might put in one hundred dollars,
Speaker 2: which I think is silly.
Speaker 3: But anyway, I need.
Speaker 4: Help, Okay, First week gift giving is not about getting credit.
Speaker 4: I understand that, especially as you get older made be
Speaker 4: you know your income increases and you want to give
Speaker 4: a better present. But I feel like the best gifts,
Speaker 4: and some of my favorite gifts that I've gotten have
Speaker 4: been gifts that perhaps weren't expensive, but they were very thoughtful.
Speaker 4: It's the act of giving. If you're giving just for
Speaker 4: the sake of credit, I feel like you're not really
Speaker 4: giving for the right reason.
Speaker 2: Yes, I mean I gave beck that piece of tin
Speaker 2: foil before because I was really proud of it and
Speaker 2: I knew she'd appreciate it.
Speaker 3: How do you save our life? Yes, this is this
Speaker 3: is a free We would say maybe money. We made
Speaker 3: like forty cents for the egg, but.
Speaker 2: I didn't even Analsa bought them for me. She says
Speaker 2: it was the Easter bunny, but I know she did it.
Speaker 3: I'm pretty sure I saw a bunny though.
Speaker 2: Oh okay, well, you know what, I just don't believe Analisa,
Speaker 2: because it's not time. Well it's not time for Easter
Speaker 2: Bunny to come, is it? So what's he doing in
Speaker 2: my office?
Speaker 3: That's a fair question. That's a fair question.
Speaker 2: And then I don't like being lied to.
Speaker 3: No, Well that's okay. Look, this is such a relatable topic.
Speaker 3: I think I definitely have this exact same anxiety like
Speaker 3: year round for anything, Birthdays, Christmas, Easter, wedding, wedding weddings
Speaker 3: are hard, Hen's parties, babies like so many gifts you
Speaker 3: gotta buy all the time. Again, unreal. There are some
Speaker 3: friends that I have and it's we've genuinely come to
Speaker 3: a mutual decision to not buy each other gifts, and
Speaker 3: that's something we're both gonna stick to. You know, when
Speaker 3: you come it comes to your birthday and they're like, oh,
Speaker 3: I know that we said we're not going to buy gifts,
Speaker 3: but I just bought you this sort of thing. None
Speaker 3: of that, None of that. So I guess like in
Speaker 3: this instance, maybe having that conversation with the group of friends,
Speaker 3: it seems like they're buying for each other anyway. Having
Speaker 3: a conversation with my.
Speaker 2: Teen girlfriends that you buy for to me is wild.
Speaker 3: I don't know what that feels like real friends. Yeah,
Speaker 3: one of them's jests.
Speaker 2: Believable.
Speaker 3: Let's all agree not to buy each other gifts. Done,
Speaker 3: and that's what you No, I'm not. I'm done, but
Speaker 3: I'm going to be that friendly.
Speaker 4: But I wouldn't but I wouldn't expect anything like you know,
Speaker 4: if you're one of those, because that's probably a good
Speaker 4: flip side is if you're or we've had this conversation,
Speaker 4: if your love language is gift giving, it might be
Speaker 4: something that really fulfills you, but you don't necessarily need
Speaker 4: to get one back, So there's going to be people
Speaker 4: on the other side of that as well. I think
Speaker 4: that's such a relevant point.
Speaker 2: And we've talked about gift giving and just love languages
Speaker 2: in general on the podcast before, right, And it's interesting
Speaker 2: because I feel like I know Jess really well now.
Speaker 2: One of her love languages is gift giving, but also
Speaker 2: I know one of her love languages is gift receiving. Yeah,
Speaker 2: she loves you, she loves it, right, And that's okay,
Speaker 2: Like it's just good to know.
Speaker 3: But if you look at me, gift giving is one
Speaker 3: of my love languages.
Speaker 2: I don't like getting gifts speed.
Speaker 3: I'm the same as that.
Speaker 2: I feel really awkward when people gift me something. I
Speaker 2: know it's my birthday, and like, I love birthdays. I
Speaker 2: love celebrations. I love the love that surrounds that. I
Speaker 2: love the attention of people saying happy birthday. I feel
Speaker 2: really uncomfortable when you gift me something and I don't
Speaker 2: have something to reciprocate with. I just go oh, like
Speaker 2: and I'm so grateful, right, Like I love it, and
Speaker 2: I feel like I'm surrounded by people who always give
Speaker 2: really thoughtful gifts, so it always really appreciate it.
Speaker 3: But also I just feel uncomfortable with that.
Speaker 2: Yeah, like it's okay, but it's my love language to
Speaker 2: give gifts. Yeah, and I adore doing it. I've probably
Speaker 2: done it to both of you at some point where
Speaker 2: I've been like, oh, you said you wanted this, or
Speaker 2: you said that you liked this, or I thought you
Speaker 2: might have needed Like I am that person that he
Speaker 2: is giving gifts even when it's not your birthday, even
Speaker 2: when it's not Christmas. Like, I just love that if
Speaker 2: I speak that I can help or do something like
Speaker 2: I just it gives me this deep sense of joy, right,
Speaker 2: I love it.
Speaker 3: You did buy me Oliplex. I did because bleached to
Speaker 3: a Believi.
Speaker 2: Yeah, and you said, oh my gosh, I would love oliplex,
Speaker 2: but it's so expensive. And then I had some Oliplex
Speaker 2: at home, so I gifted it to you, and I
Speaker 2: knew that you'd appreciate it because you'd said that you
Speaker 2: wanted it.
Speaker 3: It was really really beautiful.
Speaker 2: But not everybody is like that, and that's okay. But
Speaker 2: I think this is why money is so complicated, because
Speaker 2: right now, the question at hand is about fifteen different
Speaker 2: people or coming to a general consensus, and even sitting
Speaker 2: at this table with just three, we can't come to
Speaker 2: a general consensus on what we should and shouldn't do.
Speaker 2: I think we're all relatively open minded, yeah, I think
Speaker 2: we're all, but also just logical. Yeah, Like it does
Speaker 2: not make sense financially, just in this economy to be
Speaker 2: buying everybody gifts. So I think at this particular table,
Speaker 2: I think we'd all be like, well, that's done, let's
Speaker 2: just not buy each other gifts. And I think we
Speaker 2: would respect that, yeah, or.
Speaker 3: Just be like, hey, let's set a limit five dollars
Speaker 3: each maximum. Yep, just have a nice conversation with everyone,
Speaker 3: because if you work out the math behind it all,
Speaker 3: that's fifteen different birthdays. That's fifteen times more than once
Speaker 3: a month on average. And then you've also like, it's
Speaker 3: not like they're your only friends. You've probably got family, maybe,
Speaker 3: maybe you've got a partner. There's more people, you're fifteen friends.
Speaker 2: I just can't can't comprehend.
Speaker 4: That as the person who loves to receive gifts. As
Speaker 4: you said, no shame about it, there's nothing wrong with that.
Speaker 4: But if someone said to me, hey, like financially it's
Speaker 4: really hard.
Speaker 2: Can you wouldn't want the gift, I'd be like, that's.
Speaker 4: Fine, Like I would have much rather you be in
Speaker 4: a comfortable, happy position.
Speaker 2: That's what I mean.
Speaker 3: You're logical, right, yeah, Like it's not like Jess is like, well,
Speaker 3: myne needs need to be met.
Speaker 2: She loves it. But I think that there's also a
Speaker 2: line of like, Jess, would you love it if you
Speaker 2: knew it financially crippled me?
Speaker 4: Or if I knew it was stressing you out, I'd
Speaker 4: feel so terrible exactly.
Speaker 2: So I think that gift giving is important if it's
Speaker 2: important to you, but we also need to, I guess,
Speaker 2: balance those opinions at the same time as balanced budgets.
Speaker 2: And as you were saying, fifteen people, that's not even everybody.
Speaker 2: So if we then included, let's pretend you've got a
Speaker 2: wholesome nuclear family and you're buying for mum and dad
Speaker 2: and siblings and aunts and uncles and grandparents, Like you're
Speaker 2: buying at least two presents a month at this rate?
Speaker 3: What who has the budget for that?
Speaker 2: Like it's unreasonable? And then you know, I don't know
Speaker 2: how everybody else works, but in my head, is this
Speaker 2: the thing. I don't know if it's a thing. There's
Speaker 2: a gift giving hierarchy, so.
Speaker 3: I have that too. Some people get better presents than others. Yes, yes,
Speaker 3: there's a gift giving hierarchy.
Speaker 2: So like at the top of the pyramid, my parents,
Speaker 2: they get the best presence, they get the most money
Speaker 2: allocated to them. Then there's my sister. I like to
Speaker 2: remind her that I don't spend as much on her
Speaker 2: as I do with my parents. But she's my sister,
Speaker 2: so she's going to get more than my best friend.
Speaker 2: But they're my best friend. She probably gets more than Jess,
Speaker 2: who's not my best friend, but he's a really close friend.
Speaker 2: And then under that is everybody else, and it kind
Speaker 2: of falls down in terms of how close you are
Speaker 2: to me. But then the hierarchy gets mixed up again.
Speaker 2: Beck like, yeah, depends what the occasion is, because that's
Speaker 2: for birthdays. True, what if you're getting married, then you
Speaker 2: might fly to the top of the hierarchy, because I
Speaker 2: think from my perspective, I spend more on wedding gifts
Speaker 2: than I would on birthdays.
Speaker 4: Or if you just had a baby and we'll buy
Speaker 4: my baby stuff.
Speaker 2: One under also that's a really good point. Is this
Speaker 2: gift self serving to me? I love buying baby stuff.
Speaker 2: The probability of me buying you more baby stuff just
Speaker 2: purely because I enjoy buying that stuff very high. You
Speaker 2: bought a horse, probably not that interested in buyings, do
Speaker 2: you know what I mean? Yeah, So there's like this
Speaker 2: hierarchy and I'm not saying that that's everyone's experience, but
Speaker 2: like that just means we can't average out the gifts
Speaker 2: and be like, Okay, Beck, you should budget twenty dollars
Speaker 2: a month for gifts, because that's not reflective of our experience.
Speaker 2: I also know some people don't give gifts at all,
Speaker 2: full stop, end of story, because they think that's that's
Speaker 2: silly and that's cool yeap, totally, because we're all different. Also,
Speaker 2: not everybody who wants to give gifts can afford to
Speaker 2: give gift.
Speaker 3: True, exactly, Like.
Speaker 2: I'm in a very privileged position where I can afford this, right, like,
Speaker 2: and I have an income that can support that. You
Speaker 2: might have my personality and not have the in come,
Speaker 2: and then that might break your heart because like that's
Speaker 2: what you want to do, Like you might want to
Speaker 2: get your friend a gift, but it's just not not
Speaker 2: just someone in the budget, and it's not doable. So
Speaker 2: I think we need to address all of that, because
Speaker 2: in that group of fifteen girls that we're talking about,
Speaker 2: I'm sure that there are very varying incomes.
Speaker 4: And that hierarchy concept is probably applicable to in a
Speaker 4: group so large, you would imagine that you probably would
Speaker 4: be like you would have a couple of girls who
Speaker 4: are really close. They're the first people that you go to,
Speaker 4: and there would be other girls that you're really great
Speaker 4: friends with, but maybe you're not so connected they're connected
Speaker 4: with other people.
Speaker 3: Because when there's.
Speaker 4: Fifteen of you, you're probably not going to have the
Speaker 4: same relationship with every person. So then are you spending
Speaker 4: more on the ones you're closer with, and then like
Speaker 4: the social complications come into play. Yeah, it's a real
Speaker 4: tough situation.
Speaker 2: And as it's not cut and narrow, right, No, I
Speaker 2: might be closer to Jess, so come Jess's birthday, I'm like, oh,
Speaker 2: I'll stick fifty bucks in that because I love Jess.
Speaker 2: And then you know, Beck, you might come up to
Speaker 2: Jess's birthday and you're like, well, I've only just joined
Speaker 2: the show. I don't really know Jess as well as
Speaker 2: Victoria does. I'm going to pull that twenty bucks in
Speaker 2: or whatever. That's so fine, But then the question around
Speaker 2: who gets credit, Like I just.
Speaker 4: What I was just going to say, coming back to
Speaker 4: that credit thing, No shaming people for their contributions and
Speaker 4: their gifts, please, that's so route.
Speaker 2: Yeah, because to I guess, put a bit more context
Speaker 2: into it. Using that exact example, twenty dollars to Beck
Speaker 2: might be a whole heit more than what fifty dollars
Speaker 2: means to me, the.
Speaker 3: Cent of your income entirely for every single.
Speaker 2: Gerson, Like what if Beck used the last twenty dollars
Speaker 2: she had in her bank account this month to put
Speaker 2: towards your present?
Speaker 3: Exactly crazy?
Speaker 2: But like, do you know what I mean? Like that
Speaker 2: context of credit, why is it financial? Why isn't it
Speaker 2: the actual situation? Because in that circumstance, if we're just
Speaker 2: using that as a base example, Beck actually put in
Speaker 2: more than me.
Speaker 3: Beck actually valued you.
Speaker 2: More than I did in that circumstance, And I think
Speaker 2: it's wild. I think, you know, to I guess wrap
Speaker 2: this because I want to read out some of the
Speaker 2: community contributions from my perspective, I don't think group gift
Speaker 2: giving is a good idea at a base level. I
Speaker 2: think that if it's birthdays, a birthday comes around every
Speaker 2: single year. To me, birthdays are really special that celebrate
Speaker 2: the person. If you want to get them a gift individually,
Speaker 2: you do, you boo. But I don't think that there
Speaker 2: should be this like group circus around it. But I
Speaker 2: do think that group gifts can and I love it
Speaker 2: because I'm in that stage in my life where my
Speaker 2: friends are getting married right. I love giving someone a
Speaker 2: more valuable gift. So, like, our friend group goes in
Speaker 2: and instead of you know, getting you a cutlery setback,
Speaker 2: we actually get you a really nice weekend away for
Speaker 2: you and your new husband or wife or partner. Yeah, like,
Speaker 2: and our friends put in for that, and that's what
Speaker 2: we would. We just want you to have an experience,
Speaker 2: or we want you to have something that's more high value.
Speaker 2: When one of our friends had their first baby, we
Speaker 2: all put in and we bought a and it was like,
Speaker 2: prams are really expensive. I could not have bought that
Speaker 2: for them. I probably could have afforded, you know, a
Speaker 2: few smaller baby things. But when we all went in together,
Speaker 2: they got their dream pram that they had already said,
Speaker 2: it's probably not in the budget, and so I think
Speaker 2: they're for things like that absolutely. But from my perspective,
Speaker 2: group birthday giving unless it's like a thirtieth or like
Speaker 2: a really big celebration where we are actually going to
Speaker 2: a party and contributing, I just think annual birthday presents
Speaker 2: for friends, especially not best friends tough you know what.
Speaker 3: Not in this economy, no economy economy.
Speaker 4: I feel like the people had some really good suggestions
Speaker 4: on alternative like methods or ideas that we could use.
Speaker 4: Did you have any that stood out?
Speaker 2: TOVD You are correct, yess. We have literally hundreds of responses,
Speaker 2: so I'm going to read but a few. So one
Speaker 2: person said, I tend not to buy because most of
Speaker 2: the time it costs you money to attend the dinner.
Speaker 2: If there is one great point, yep, yeah. Someone said
Speaker 2: presence for big birthdays, I e. Thirtieth page baby, otherwise
Speaker 2: rerecky slash lunch slash dinner, but no gift. Someone said,
Speaker 2: if everyone's contributing, you should be setting a limit on
Speaker 2: how much everyone can give, so you can give up
Speaker 2: to it a certain amount. That's a smart way. I
Speaker 2: haven't thought of that. Someone said, I buy my friends
Speaker 2: gifts from myself and I don't ask for help. They
Speaker 2: know exactly what I can afford and what I can't,
Speaker 2: and I'm okay with that.
Speaker 3: Someone said presence over presents. I love that.
Speaker 4: Presence with a CE over presents case.
Speaker 2: Sorry I tried.
Speaker 3: I tried. It really threw me, actually see in your face, like,
Speaker 3: I'm sure, people, I'm going to fix this.
Speaker 2: I'm going to fix this.
Speaker 5: Thank you.
Speaker 2: Someone said a group of fifteen girls would be really expensive.
Speaker 2: I only buy for a few of my close friends.
Speaker 2: Someone else said, my friends and I don't do presents
Speaker 2: at all. We just get together for some quality birthday time.
Speaker 1: Lovely.
Speaker 2: I really like there's been a few suggestions, and I'm
Speaker 2: not going to read all of them out, but a
Speaker 2: lot of people have said do DIY gifts. Other people
Speaker 2: have said they avoid group gifts, and that was a
Speaker 2: fair few of you, and I feel like that makes.
Speaker 3: Sense because that's when it gets complicated one hundred percent.
Speaker 2: But also the thing we haven't considered in this circumstance
Speaker 2: is peer pressure, and like Beck, what if you and
Speaker 2: I really wanted to get Jesse present, but then we
Speaker 2: have this other friend that's like, I wasn't going to
Speaker 2: get Jesse present.
Speaker 3: It can be awkward to say no, yeah, it can
Speaker 3: be awkward to say me.
Speaker 2: And then are they contributing to something else? And also
Speaker 2: what if right, so, Jess is usually the ringleader in
Speaker 2: this circumstance. She's a big, big gift giver and I
Speaker 2: love it. But what if the rest of our team,
Speaker 2: and thankfully they are, what if the rest of our
Speaker 2: team weren't the same. What if Jess is like, oh,
Speaker 2: I love giving gifts, Let's organize Beck a gift, but
Speaker 2: when it comes around to Jess's birthday, no one organizes
Speaker 2: it for her. It'd be sad, yes, single tear, But like,
Speaker 2: is there an expectation that this happens for every single
Speaker 2: one of these fifteen girls that's putting into this or
Speaker 2: are there going to be you know, fourteen times where
Speaker 2: people are putting in and then that one time someone
Speaker 2: else misses out? Like is this consistent?
Speaker 4: Is if someone's financial position changes, Like if you in
Speaker 4: January you're like, yeah, absolutely, I can put in fifty bucks,
Speaker 4: and then by the end of the year you're like
Speaker 4: no money left, like I care nothing like and then
Speaker 4: are you character shit because you're not putting in the
Speaker 4: same amounts. One's not getting as good as a gifts.
Speaker 4: It's so hard, it's really tough.
Speaker 2: And then how do you say no, I don't want
Speaker 2: to contribute to the group present without feeling awkwarsh. And
Speaker 2: I've said this before, you should No is a full sentence,
Speaker 2: Like no, it's absolutely a full sentence, and you can
Speaker 2: use that. You don't have to justify anything. But my
Speaker 2: personality is to you know, be like, oh, hey, beg
Speaker 2: Unfortunately I can't because of this, this and this, because
Speaker 2: it makes me more comfortable. I'm not saying you need
Speaker 2: to do that because you could just say no, thank you,
Speaker 2: full stop, end of story.
Speaker 3: But it's fine.
Speaker 2: How do you make that not awkward? If I don't
Speaker 2: want to contribute to the group present and they're mad
Speaker 2: because you like did the maths in your head and
Speaker 2: you did like fifteen times twenty is this amount and
Speaker 2: we now have this total amount to play with, And
Speaker 2: then by me pulling out, is it making it more expensive?
Speaker 3: And then it gets me I don't know, Yeah, it
Speaker 3: gets a bit awkward to when you're like a group
Speaker 3: of friends and one person doesn't want to pay and
Speaker 3: then you like, should we be petty and not put
Speaker 3: them on the card? Oh? Yes, but like because they
Speaker 3: didn't technically contribute it. But that's like the credit that
Speaker 3: they're talking about. The credit that they're talking about exactly.
Speaker 3: I feel like the key takeaway here.
Speaker 2: I always put my dog on the card. She doesn't
Speaker 2: contribute anything.
Speaker 3: Everyone just relax with the presence. Let's give everyone credit.
Speaker 3: If you're in the friendship group, is probably because you're
Speaker 3: a good Person's because you've contributed somehow at some point.
Speaker 3: So just put them on the card, no matter what
Speaker 3: they're contributing.
Speaker 4: Yeah, and sit down, all fifteen of you have a
Speaker 4: little power talk it through and don't feel bad, like
Speaker 4: you're all friends here. Talk about what works for you.
Speaker 4: And if that means that maybe the group gifts stop,
Speaker 4: that's okay. So this episode, maybe.
Speaker 2: It'll help the rising cost of living. I just think
Speaker 2: we should eat presents out in this economy. Economy, but
Speaker 2: let's just call it like cost of living core, like
Speaker 2: on TikTok there's like, you know, cottage Court, it's cost
Speaker 2: of living core budgeting Now, really cool part of my
Speaker 2: esthetic eating just beans on toast. It's not a bad dinner, Jess,
Speaker 2: it's cost of living core.
Speaker 3: Oh my gosh, I think I can.
Speaker 2: Make this happen.
Speaker 5: Oh.
Speaker 3: On that note, I'm going to go make this work over.
Speaker 2: The weekend and work out what is going to be
Speaker 2: made up of my cost of living? Call like, what's
Speaker 2: that esthetic actually look like?
Speaker 3: Tags in your story in your.
Speaker 2: Cost of living cost Have the best weekend. We love
Speaker 2: you and we will see you for a money dary
Speaker 2: on Monday.
Speaker 3: Bye guys, Bye.
Speaker 2: The advice shared on She's on the Money is generally
Speaker 2: nature and does not consider your individual circumstances.
Speaker 3: She's on the Money exists purely for.
Speaker 2: Educational purposes and should not be relied upon to make
Speaker 2: an investment or financial decision. If you do choose to
Speaker 2: buy a financial product, read the PDS TMD and obtain
Speaker 2: appropriate financial advice tailored towards your needs. Victoria Divine and
Speaker 2: She's on the Money are authorized representatives of Money sirper
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