1 00:00:00,680 --> 00:00:01,000 Speaker 1: Hello. 2 00:00:01,560 --> 00:00:05,040 Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the 3 00:00:05,160 --> 00:00:08,760 Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we 4 00:00:08,800 --> 00:00:11,440 Speaker 2: get started on She's on the Money podcast, I would 5 00:00:11,520 --> 00:00:14,520 Speaker 2: like to acknowledge the traditional custodians of the land of 6 00:00:14,560 --> 00:00:18,680 Speaker 2: which this podcast is recorded on a wondery country, acknowledging 7 00:00:18,680 --> 00:00:22,560 Speaker 2: the elders, the ancestors and the next generation coming through 8 00:00:23,079 --> 00:00:27,159 Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and 9 00:00:27,240 --> 00:00:30,560 Speaker 2: the storytelling of you to make a difference for today 10 00:00:31,040 --> 00:00:32,640 Speaker 2: and lasting impact for tomorrow. 11 00:00:33,320 --> 00:00:37,120 Speaker 1: Let's get into it. She's on the Money. She's on 12 00:00:37,200 --> 00:00:39,000 Speaker 1: the Money. 13 00:00:57,960 --> 00:01:00,600 Speaker 3: Hello, and welcome to She's on the Money podcast for 14 00:01:00,640 --> 00:01:03,520 Speaker 3: people who want financial freedom. My name is beck Syed 15 00:01:03,600 --> 00:01:05,880 Speaker 3: and with me, as always, is a Victoria Devine. 16 00:01:06,080 --> 00:01:07,160 Speaker 1: I'm excited for this one. 17 00:01:07,200 --> 00:01:08,720 Speaker 3: I'm excited. Oh, I'm explorded. 18 00:01:09,040 --> 00:01:09,800 Speaker 1: I think this is. 19 00:01:09,760 --> 00:01:12,440 Speaker 3: Probably topical for a lot of people. This episode. Let's 20 00:01:12,480 --> 00:01:15,160 Speaker 3: go and it's gonna be very useful, so v. In 21 00:01:15,319 --> 00:01:19,520 Speaker 3: twenty twenty three, approximately seven point twenty seven million Australians 22 00:01:19,600 --> 00:01:24,319 Speaker 3: traveled from Australia overseas slay. That's like all Australia no, 23 00:01:24,520 --> 00:01:25,040 Speaker 3: it's not. 24 00:01:25,120 --> 00:01:26,679 Speaker 1: But that's a lot of people, a lot of people. 25 00:01:26,840 --> 00:01:28,480 Speaker 3: But as you dream of going on holiday and plan 26 00:01:28,600 --> 00:01:31,800 Speaker 3: your next adventure, it's essential to prepare yourself financially for 27 00:01:31,840 --> 00:01:34,240 Speaker 3: the journey. That's why today we are talking about how 28 00:01:34,280 --> 00:01:38,559 Speaker 3: to prepare for just that financially. Let's get ready because 29 00:01:38,600 --> 00:01:39,279 Speaker 3: we want to travel. 30 00:01:39,319 --> 00:01:42,160 Speaker 1: I'm excited, and we've had so many money diarists recently 31 00:01:42,200 --> 00:01:45,280 Speaker 1: talking about travel. I feel like I've like sparked a 32 00:01:45,360 --> 00:01:48,880 Speaker 1: new interest in travel, which is really poorly timed because 33 00:01:48,880 --> 00:01:52,000 Speaker 1: apparently traveling with a newborn is not that easy. But 34 00:01:52,040 --> 00:01:54,040 Speaker 1: I'm probably gonna do it anyway. So this is like 35 00:01:54,120 --> 00:01:56,840 Speaker 1: me having done some research for me that I'm sharing 36 00:01:56,880 --> 00:01:59,200 Speaker 1: with you guys. The first thing I want to say, though, 37 00:01:59,320 --> 00:02:01,080 Speaker 1: and I'm not saying saying you're gonna hate me. It's 38 00:02:01,120 --> 00:02:03,840 Speaker 1: just a confronting thing that not everyone agrees with, but 39 00:02:03,920 --> 00:02:06,880 Speaker 1: I think it is the most responsible thing I can 40 00:02:07,080 --> 00:02:11,680 Speaker 1: share with you. If you cannot afford travel insurance and 41 00:02:11,760 --> 00:02:16,040 Speaker 1: you do not have an emergency fund when going overseas, 42 00:02:16,240 --> 00:02:18,840 Speaker 1: you cannot afford to travel back. If you do not 43 00:02:19,000 --> 00:02:21,720 Speaker 1: have the insurance that you need to cover yourself in 44 00:02:21,840 --> 00:02:23,639 Speaker 1: the event of an emergency. I hope it's the biggest 45 00:02:23,680 --> 00:02:25,440 Speaker 1: waste for money in the e world. But if you 46 00:02:25,440 --> 00:02:28,400 Speaker 1: don't have that, you can't go. And if you don't 47 00:02:28,400 --> 00:02:31,040 Speaker 1: have an emergency fund to get out of any situation 48 00:02:31,200 --> 00:02:33,600 Speaker 1: that you're in. We're not saying like millions of dollars. 49 00:02:34,000 --> 00:02:37,079 Speaker 1: We just need access to cash so that you can 50 00:02:37,080 --> 00:02:39,400 Speaker 1: get out of a situation. Like say you travel to Paris. 51 00:02:39,520 --> 00:02:41,840 Speaker 1: Rightly you're like, oh, great, I got this backpack is 52 00:02:41,880 --> 00:02:44,360 Speaker 1: hostel and it's really really good, and you finally get 53 00:02:44,400 --> 00:02:46,840 Speaker 1: there and you realize that like your roommates are really 54 00:02:46,919 --> 00:02:50,240 Speaker 1: creepy and making yourself feel really uncomfortable. I need you 55 00:02:50,280 --> 00:02:52,160 Speaker 1: to have enough cash to get out of that situation. 56 00:02:52,560 --> 00:02:55,480 Speaker 1: And if you don't put yourself in that position when traveling, 57 00:02:56,800 --> 00:02:59,160 Speaker 1: you can't afford to go. So like, that's the negative 58 00:02:59,240 --> 00:03:01,160 Speaker 1: note that we're starting on. But it's gonna get good 59 00:03:01,240 --> 00:03:03,000 Speaker 1: from here because then we have some of our tips 60 00:03:03,000 --> 00:03:04,840 Speaker 1: and tricks. So I do apologize, but I do think 61 00:03:04,880 --> 00:03:06,720 Speaker 1: it's so important to just be like, look, I was 62 00:03:06,720 --> 00:03:09,680 Speaker 1: a financial advisor. I also would like to think I 63 00:03:09,680 --> 00:03:11,519 Speaker 1: have my head screwed on. You might not agree, and 64 00:03:11,600 --> 00:03:13,840 Speaker 1: that's fine, but at least I told you by totally. 65 00:03:13,919 --> 00:03:14,920 Speaker 3: It's a tough pill to swallow. 66 00:03:15,160 --> 00:03:17,720 Speaker 1: It's not nice because you're often like already budgeting for 67 00:03:17,760 --> 00:03:20,600 Speaker 1: so much and in the Cosey lives the room right now, 68 00:03:20,680 --> 00:03:22,680 Speaker 1: you don't want to hear, Oh, there's these other costs 69 00:03:22,680 --> 00:03:23,760 Speaker 1: that you've got to allocate for. 70 00:03:24,200 --> 00:03:26,079 Speaker 3: We didn't think about it, of course, But. 71 00:03:26,160 --> 00:03:28,240 Speaker 1: Today, Beck, we're not only going to explore how to 72 00:03:28,280 --> 00:03:31,720 Speaker 1: set your budget before setting sail, but also we're going 73 00:03:31,800 --> 00:03:34,920 Speaker 1: to discuss the often overlooked aspects of budgeting for your 74 00:03:34,960 --> 00:03:38,640 Speaker 1: return home. So fasten your little sleep belt. You're gonna 75 00:03:38,640 --> 00:03:41,240 Speaker 1: have to get over your fear of flying, Beck, Oh. 76 00:03:41,680 --> 00:03:41,920 Speaker 3: You can. 77 00:03:42,240 --> 00:03:43,080 Speaker 1: We're gonna work on it. 78 00:03:43,080 --> 00:03:45,520 Speaker 3: That's so true. Okay, sorry, I've been watching yellow Jackets. 79 00:03:45,640 --> 00:03:49,200 Speaker 3: That's incurable choice. But v we have done a few 80 00:03:49,200 --> 00:03:51,480 Speaker 3: episodes in the past on travel and your finances, so 81 00:03:51,480 --> 00:03:53,440 Speaker 3: we're gonna link these in the show notes. A few 82 00:03:53,480 --> 00:03:56,760 Speaker 3: just off the top of my head, travel saving hacks, slag, 83 00:03:56,920 --> 00:04:01,400 Speaker 3: common financial mistakes for travelers, travel ensure sexy. But I 84 00:04:01,440 --> 00:04:03,000 Speaker 3: want to talk about something that can be common for 85 00:04:03,040 --> 00:04:05,000 Speaker 3: some people. Do you think it can be hard letting 86 00:04:05,040 --> 00:04:07,800 Speaker 3: go of money on something like travel If you've been 87 00:04:07,920 --> 00:04:10,960 Speaker 3: saving hard, like can it feel like a waste? Oh yeah, 88 00:04:11,320 --> 00:04:12,839 Speaker 3: of money, which is a weird thing. 89 00:04:12,960 --> 00:04:17,080 Speaker 1: Now it totally cares. So in like twenty eighteen, my 90 00:04:17,200 --> 00:04:20,719 Speaker 1: two best friends Steph and Rose and I we decided 91 00:04:20,760 --> 00:04:23,680 Speaker 1: to do Europe together and so like we'd obviously planned 92 00:04:23,680 --> 00:04:25,919 Speaker 1: it in advance, and oh my gosh, like I just remember, 93 00:04:26,080 --> 00:04:28,760 Speaker 1: I'm gonna go find the spreadsheet for that, because okay, 94 00:04:29,040 --> 00:04:32,360 Speaker 1: you and I both know that I was meticulous in 95 00:04:32,440 --> 00:04:34,560 Speaker 1: spreadsheeting that. So I want to know what the total 96 00:04:34,560 --> 00:04:36,520 Speaker 1: budget is and I cannot remember, but I remember it 97 00:04:36,520 --> 00:04:39,600 Speaker 1: being so expensive, like it would have been over ten 98 00:04:39,640 --> 00:04:42,400 Speaker 1: thousand dollars for this trip, and that was individually, like 99 00:04:42,440 --> 00:04:45,680 Speaker 1: as in each because we spent six weeks in Europe, 100 00:04:45,720 --> 00:04:47,479 Speaker 1: So I think, like ten grand for a six week 101 00:04:47,520 --> 00:04:50,840 Speaker 1: trip nowadays is pretty good, but this was twenty eighteen, 102 00:04:50,920 --> 00:04:53,840 Speaker 1: so we had done a lot of saving. Anyway, I 103 00:04:53,880 --> 00:04:56,200 Speaker 1: remember saving, saving, saving, and we went to a travel 104 00:04:56,200 --> 00:04:58,039 Speaker 1: agent and we'd like set it all up with them 105 00:04:58,080 --> 00:04:59,839 Speaker 1: because we're like, we don't really know what we're doing. 106 00:05:00,040 --> 00:05:02,520 Speaker 1: We want an itinerary for six whole weeks, and you know, 107 00:05:03,040 --> 00:05:05,280 Speaker 1: we all couldn't decide on like where we wanted to go. 108 00:05:05,400 --> 00:05:07,520 Speaker 1: So we went to this travel agent kind of brain 109 00:05:07,560 --> 00:05:10,520 Speaker 1: dumped on her and said sort it out anyway. I 110 00:05:10,560 --> 00:05:13,120 Speaker 1: remember when all of that was sorted and she was like, 111 00:05:13,120 --> 00:05:14,720 Speaker 1: you're happy with all of that? Can I start looking 112 00:05:14,760 --> 00:05:16,279 Speaker 1: it in? And we were like yeah, yeah, let's go. 113 00:05:16,360 --> 00:05:19,559 Speaker 1: Let's go. And she sent us an invoice via email 114 00:05:19,600 --> 00:05:22,000 Speaker 1: to be like this is what Stefo's Rose Victoria and 115 00:05:22,000 --> 00:05:24,160 Speaker 1: it was all the same. But I remember being like, wait, 116 00:05:24,160 --> 00:05:27,120 Speaker 1: what I have to give you the cash? Like oh yeah, 117 00:05:27,240 --> 00:05:29,960 Speaker 1: I just had built up this level of safety, like 118 00:05:30,000 --> 00:05:33,720 Speaker 1: a feeling of having cash yeah to go, and then 119 00:05:33,760 --> 00:05:35,240 Speaker 1: realizing I had to give it away and I was 120 00:05:35,240 --> 00:05:40,400 Speaker 1: like oh yeah, so yeah, Like even I experienced that, 121 00:05:40,560 --> 00:05:40,919 Speaker 1: I feel like. 122 00:05:40,920 --> 00:05:43,559 Speaker 3: When you're spending money on an experience, it does feel 123 00:05:43,560 --> 00:05:45,680 Speaker 3: like if you can't see where all your money went 124 00:05:45,760 --> 00:05:46,240 Speaker 3: at the end. 125 00:05:46,400 --> 00:05:46,640 Speaker 4: Yeah. 126 00:05:47,160 --> 00:05:48,799 Speaker 1: I mean by the time we went on the trip, 127 00:05:48,839 --> 00:05:51,119 Speaker 1: we had all fully paid for the trip, so nothing 128 00:05:51,279 --> 00:05:54,359 Speaker 1: was outstanding. So that then felt good because we weren't 129 00:05:54,360 --> 00:05:56,960 Speaker 1: having to cough up cash at every hostel and every 130 00:05:57,040 --> 00:05:59,760 Speaker 1: trip tail. Oh yeah, go a math like if you 131 00:05:59,800 --> 00:06:02,240 Speaker 1: pay for it in a dance, did you really favor it? 132 00:06:03,160 --> 00:06:05,640 Speaker 1: But it did feel bad, but I think it's really 133 00:06:05,680 --> 00:06:08,960 Speaker 1: important to you know, have your values aligned and go, 134 00:06:09,080 --> 00:06:10,840 Speaker 1: you know, I do want to do this, and if 135 00:06:10,880 --> 00:06:13,359 Speaker 1: it's a goal of yours, create that goal. Save for 136 00:06:13,400 --> 00:06:15,400 Speaker 1: that goal. And it can be really gratifying. Like I 137 00:06:15,440 --> 00:06:18,400 Speaker 1: remember being on the trip. This was like sealed in 138 00:06:18,440 --> 00:06:18,800 Speaker 1: my mind. 139 00:06:18,880 --> 00:06:19,040 Speaker 2: Right. 140 00:06:19,080 --> 00:06:22,200 Speaker 1: We're sitting in this little park in France. We were 141 00:06:22,200 --> 00:06:26,159 Speaker 1: in Paris, and we were having a very frugal trip 142 00:06:26,200 --> 00:06:29,000 Speaker 1: back and we had gone to a local supermarket and 143 00:06:29,080 --> 00:06:32,400 Speaker 1: bought some like baguette and some cheese. And I remember 144 00:06:32,640 --> 00:06:35,520 Speaker 1: so vividly picking apricots because I was just like, oh, 145 00:06:35,600 --> 00:06:38,360 Speaker 1: apricots in you know, France. For me for some reason, 146 00:06:38,360 --> 00:06:41,280 Speaker 1: that was really nice. And I bought these apricots, and 147 00:06:41,320 --> 00:06:43,520 Speaker 1: I'm sitting in the park on the most beautiful day, 148 00:06:43,520 --> 00:06:46,680 Speaker 1: and I was like, I did this. I got myself here, 149 00:06:46,800 --> 00:06:50,000 Speaker 1: I paid for this, Like amazing, that feeling of being 150 00:06:50,000 --> 00:06:52,440 Speaker 1: like wow, I'm so grateful, but also how cool. And 151 00:06:52,480 --> 00:06:54,440 Speaker 1: I took a picture of the apricot because I was 152 00:06:54,520 --> 00:06:57,320 Speaker 1: like I need to remember this, like it was just 153 00:06:57,400 --> 00:07:00,000 Speaker 1: so weird. But I think it can also be so 154 00:07:00,080 --> 00:07:02,599 Speaker 1: gratifying because you just know you've achieved this massive goal. 155 00:07:02,880 --> 00:07:06,040 Speaker 3: Amen's sister so cool, right, So what's the first step 156 00:07:06,040 --> 00:07:07,400 Speaker 3: when we're actually planning to travel. 157 00:07:08,120 --> 00:07:10,920 Speaker 1: We're back to the boring partner apricots here, but we're 158 00:07:10,920 --> 00:07:16,040 Speaker 1: going to set our budgets. So, unless you're obscenely wealthy unrelatable, 159 00:07:16,600 --> 00:07:19,480 Speaker 1: traveling without a budget is like embarking on a journey 160 00:07:19,480 --> 00:07:22,720 Speaker 1: without a map. It might be like super exhilarating you first, 161 00:07:22,760 --> 00:07:26,240 Speaker 1: but you risk losing your way and just running around. 162 00:07:26,640 --> 00:07:29,880 Speaker 1: I'm not achieving much, guilty. You need to understand if 163 00:07:29,920 --> 00:07:32,960 Speaker 1: you're a luxury traveler or maybe like a budget adventurer. 164 00:07:33,120 --> 00:07:35,320 Speaker 1: I was like a mix of both, Like I wanted 165 00:07:35,320 --> 00:07:38,360 Speaker 1: the lux but I couldn't afford the lot totally, so 166 00:07:38,400 --> 00:07:43,680 Speaker 1: we compromised and stayed in hostels but did more lux experiences, 167 00:07:44,080 --> 00:07:47,120 Speaker 1: which I think you know, there's always a level of compromise, 168 00:07:47,440 --> 00:07:50,560 Speaker 1: but your budget is essentially your compass and steering towards 169 00:07:50,760 --> 00:07:54,120 Speaker 1: the experiences the line with your preferences. So some people 170 00:07:54,240 --> 00:07:56,680 Speaker 1: might say I would never stay in hostel V like 171 00:07:56,760 --> 00:07:59,520 Speaker 1: absolutely not. Couldn't do it, Okay, Like I'm not saying 172 00:07:59,520 --> 00:08:01,880 Speaker 1: you have to do what I did, but like when 173 00:08:01,880 --> 00:08:03,760 Speaker 1: I sat down and worked out what budget I had 174 00:08:03,800 --> 00:08:06,120 Speaker 1: to travel and how much I could save in the 175 00:08:06,160 --> 00:08:09,360 Speaker 1: period of time that we were saving, and my friends 176 00:08:09,360 --> 00:08:11,320 Speaker 1: were on very similar incomes to me at the time, 177 00:08:11,400 --> 00:08:13,200 Speaker 1: so it didn't feel like, you know, one of us 178 00:08:13,320 --> 00:08:17,000 Speaker 1: was significantly you know, out earning and had higher expectations. 179 00:08:17,000 --> 00:08:19,240 Speaker 1: But we had these conversations and it was like, all right, well, 180 00:08:19,880 --> 00:08:23,520 Speaker 1: we don't really have the budget for fancy hotels or 181 00:08:23,560 --> 00:08:26,920 Speaker 1: even hotels at all. Let's go find some really good 182 00:08:27,040 --> 00:08:29,040 Speaker 1: like hostels that we could stay in. And like, our 183 00:08:29,080 --> 00:08:31,360 Speaker 1: compromise was stay in a hostel, but we want it 184 00:08:31,400 --> 00:08:33,880 Speaker 1: to be private room like, so we felt safe. And 185 00:08:33,920 --> 00:08:37,040 Speaker 1: so you need to understand that because that's going to 186 00:08:37,040 --> 00:08:39,600 Speaker 1: be a major expense that will stop you from achieving 187 00:08:39,640 --> 00:08:42,240 Speaker 1: other things while you're over there, Right, So we did 188 00:08:42,240 --> 00:08:44,480 Speaker 1: that knowing that we could have done the same amount 189 00:08:44,520 --> 00:08:47,400 Speaker 1: of time in really fancy hotels, but we wouldn't have 190 00:08:47,440 --> 00:08:50,240 Speaker 1: had very much budget for day to day activities. Yeah, 191 00:08:50,280 --> 00:08:52,840 Speaker 1: so we're like, actually, we would prefer to be able 192 00:08:52,880 --> 00:08:55,040 Speaker 1: to go and do fun stuff every day, and we 193 00:08:55,120 --> 00:08:56,840 Speaker 1: kind of don't mind where we crash as long as 194 00:08:56,840 --> 00:09:00,360 Speaker 1: we're safe. So I guess that leads into making sure 195 00:09:00,400 --> 00:09:04,239 Speaker 1: that you're outlining your major expenses. So first you'll have transportation, 196 00:09:04,720 --> 00:09:07,080 Speaker 1: and you need to when you're looking at transportation, not 197 00:09:07,200 --> 00:09:09,480 Speaker 1: just look at the plane flight there. One of the 198 00:09:09,520 --> 00:09:11,960 Speaker 1: things that stings a lot of people is the transfer 199 00:09:12,080 --> 00:09:17,040 Speaker 1: from your airport to wherever you're staying, and that can 200 00:09:17,080 --> 00:09:19,600 Speaker 1: also be a bit of a clunky journey. So unless 201 00:09:19,640 --> 00:09:22,840 Speaker 1: you're a really lean traveler, like we had three girls 202 00:09:22,880 --> 00:09:25,400 Speaker 1: that were getting off a plane after you know, twenty 203 00:09:25,440 --> 00:09:28,920 Speaker 1: four hours plus traveling, we all had six weeks worth 204 00:09:28,960 --> 00:09:31,480 Speaker 1: of luggage that wasn't just going to go in a 205 00:09:31,520 --> 00:09:34,160 Speaker 1: standard taxi, you know. So we had to work out 206 00:09:34,800 --> 00:09:38,199 Speaker 1: have we organized if we're catching a train and catching 207 00:09:38,280 --> 00:09:42,439 Speaker 1: a train with two wheelly suitcases each. I regret that 208 00:09:42,520 --> 00:09:44,000 Speaker 1: was what was in budget, Beck, So. 209 00:09:44,040 --> 00:09:45,520 Speaker 3: We did it. 210 00:09:45,760 --> 00:09:48,439 Speaker 1: We were so grumpy, Like the day we arrived, we're 211 00:09:48,480 --> 00:09:51,400 Speaker 1: all a bit salty, but that is okay. We need 212 00:09:51,400 --> 00:09:54,520 Speaker 1: to work out accommodation meals, what activities are you going 213 00:09:54,600 --> 00:09:58,880 Speaker 1: to do, travel, insurance, beck, and any unexpected issues that 214 00:09:58,920 --> 00:10:03,040 Speaker 1: you might encounter on your trip. Obviously, flexibility is key 215 00:10:03,160 --> 00:10:06,240 Speaker 1: when making a budget, and while it's essential to have 216 00:10:06,280 --> 00:10:09,000 Speaker 1: a roadmap, I want you to leave room for some 217 00:10:09,160 --> 00:10:11,480 Speaker 1: level of spontaneity because you'll get somewhere and be like, 218 00:10:11,480 --> 00:10:13,520 Speaker 1: oh my god, that's so cool. I really want to participate. 219 00:10:13,600 --> 00:10:15,480 Speaker 1: But if it's too locked and loaded, you're not going 220 00:10:15,480 --> 00:10:17,360 Speaker 1: to be able to do that. So I would make 221 00:10:17,400 --> 00:10:19,920 Speaker 1: sure that there's like a little bit of budget left 222 00:10:20,080 --> 00:10:23,320 Speaker 1: for spontaneity and making sure that you can join in 223 00:10:23,320 --> 00:10:26,320 Speaker 1: on a few things. Obviously, I also want you to 224 00:10:26,360 --> 00:10:29,040 Speaker 1: consider a budget not as a restriction, but more as 225 00:10:29,080 --> 00:10:31,840 Speaker 1: a tool to enhance your travel experience. It's a way 226 00:10:31,920 --> 00:10:34,200 Speaker 1: to kind of ensure that you can savor every moment 227 00:10:34,240 --> 00:10:37,800 Speaker 1: without worrying about your financial situation. Becau, there's nothing worse 228 00:10:37,840 --> 00:10:40,520 Speaker 1: than going oh bit nof more than I can chew, 229 00:10:40,840 --> 00:10:43,839 Speaker 1: and then you're anxious your whole holiday. I know, absolutely 230 00:10:43,840 --> 00:10:46,760 Speaker 1: not that sounds like trash. Let's not do that. Let's 231 00:10:46,800 --> 00:10:48,880 Speaker 1: just be really realistic and go all right, we've got 232 00:10:48,880 --> 00:10:51,160 Speaker 1: ten grand, how far can we make this stretch? Or 233 00:10:51,400 --> 00:10:53,800 Speaker 1: I've got five grand or whatever it is. And these 234 00:10:53,840 --> 00:10:55,840 Speaker 1: are big numbers. So there's a lot of privilege in 235 00:10:55,880 --> 00:10:58,880 Speaker 1: traveling as well. But I also just want to be like, well, 236 00:10:59,000 --> 00:11:01,439 Speaker 1: once you've got your budget, what are we doing with it? 237 00:11:01,559 --> 00:11:04,079 Speaker 1: How is it gonna work for us? How can we 238 00:11:04,280 --> 00:11:06,400 Speaker 1: you know, set in Stone as many things, so that 239 00:11:06,480 --> 00:11:08,360 Speaker 1: you know, beck, once you get to this place, you're 240 00:11:08,360 --> 00:11:11,000 Speaker 1: not like, oh, I didn't realize it in me, do 241 00:11:11,000 --> 00:11:12,800 Speaker 1: you know what I mean? We just don't need that stress, 242 00:11:13,040 --> 00:11:17,320 Speaker 1: So what's next? So unnecessary unless you're going old school. 243 00:11:18,080 --> 00:11:21,680 Speaker 1: Phones are a vital part of our day today, right, 244 00:11:21,880 --> 00:11:25,200 Speaker 1: So when I am overseas, it's glued to me. I 245 00:11:25,200 --> 00:11:27,040 Speaker 1: know it shouldn't be should be hiding it, but I'm 246 00:11:27,120 --> 00:11:28,960 Speaker 1: using it for Google Maps. I'm using it to look 247 00:11:29,040 --> 00:11:31,400 Speaker 1: up a coffee shop. I'm using it to like get 248 00:11:31,440 --> 00:11:35,839 Speaker 1: to my next destination, take photo, take photos. I'm using 249 00:11:35,880 --> 00:11:40,400 Speaker 1: it to you know, order uber Like absolutely, you don't 250 00:11:40,400 --> 00:11:42,320 Speaker 1: really want to be sprung with a huge phone bill 251 00:11:42,360 --> 00:11:45,640 Speaker 1: while you're away, so check your list and check it twice. 252 00:11:45,720 --> 00:11:49,679 Speaker 1: Because when I went to Europe, I was like great, 253 00:11:49,840 --> 00:11:52,559 Speaker 1: Like I had a phone plan that gave five dollars 254 00:11:52,559 --> 00:11:55,640 Speaker 1: a day international roaming, which gave me access to my 255 00:11:55,720 --> 00:11:58,760 Speaker 1: existing data. It's like great, that works for me, And 256 00:11:58,800 --> 00:12:01,560 Speaker 1: I googled it was a available in the locations I 257 00:12:01,600 --> 00:12:04,440 Speaker 1: was going. Yep, absolutely every location I was going is 258 00:12:04,480 --> 00:12:07,600 Speaker 1: available in Great Norries. Tick tick tick tick tick. But 259 00:12:07,640 --> 00:12:11,080 Speaker 1: it wasn't available in the UAE. So we did a 260 00:12:11,120 --> 00:12:17,240 Speaker 1: stopover in Dubai and my dumb us went and turned 261 00:12:17,240 --> 00:12:19,760 Speaker 1: my phone on and my girlfriends were like, oh, we 262 00:12:19,760 --> 00:12:21,680 Speaker 1: don't have reception. I was like, don't worry, just tether 263 00:12:21,760 --> 00:12:22,280 Speaker 1: to my phone. 264 00:12:22,360 --> 00:12:23,520 Speaker 3: Oh gosh is it? 265 00:12:23,600 --> 00:12:27,480 Speaker 1: Eight hundred dollars later that's how much my phone bill 266 00:12:27,520 --> 00:12:31,360 Speaker 1: was in Dubai because it didn't have international roaming. But 267 00:12:31,400 --> 00:12:33,320 Speaker 1: because I was like, well that's fine, like I've got 268 00:12:33,320 --> 00:12:35,400 Speaker 1: access to this, I just turned it on and started 269 00:12:35,480 --> 00:12:37,080 Speaker 1: using it. But Dubai wasn't included. 270 00:12:37,520 --> 00:12:39,240 Speaker 3: Oh no, that's. 271 00:12:39,080 --> 00:12:41,240 Speaker 1: That I talked my way out of it. I called. 272 00:12:41,400 --> 00:12:43,560 Speaker 1: I was so apologetic. I was like I didn't know 273 00:12:43,760 --> 00:12:45,839 Speaker 1: and like I kind of boord this and then they 274 00:12:45,840 --> 00:12:47,960 Speaker 1: were like, okay, no worries, Like oh I think I 275 00:12:48,040 --> 00:12:50,079 Speaker 1: ended up paying like two hundred dollars or something instead 276 00:12:50,120 --> 00:12:52,400 Speaker 1: of like that was nice if them wasn't it? 277 00:12:52,480 --> 00:12:53,120 Speaker 3: That's really nice? 278 00:12:53,120 --> 00:12:56,959 Speaker 1: But still, but phone plan understand it. You might find 279 00:12:57,040 --> 00:12:59,040 Speaker 1: that getting a SIM card when you get overseas is 280 00:12:59,080 --> 00:13:00,560 Speaker 1: the cheapest and best for you. 281 00:13:00,559 --> 00:13:01,240 Speaker 3: It's a good idea. 282 00:13:01,280 --> 00:13:03,800 Speaker 1: Another is do you need to negotiate a new rate 283 00:13:04,000 --> 00:13:06,760 Speaker 1: or plan with your service provider? So like you might 284 00:13:06,800 --> 00:13:09,680 Speaker 1: want to switch carriers before you're going to make sure 285 00:13:09,679 --> 00:13:11,520 Speaker 1: that you're getting the best bank for bucks. So, like, 286 00:13:11,559 --> 00:13:14,240 Speaker 1: there's lots of things to think about and plan before 287 00:13:14,280 --> 00:13:15,480 Speaker 1: you go. When it comes to like. 288 00:13:15,480 --> 00:13:19,240 Speaker 3: Tech, gotcha okay, okay, okay, I'm liking it. You know, 289 00:13:19,400 --> 00:13:23,600 Speaker 3: so far nothing seems too out of reach. What's nothing 290 00:13:23,720 --> 00:13:25,400 Speaker 3: out of reach? If we have a plan back, Yeah, 291 00:13:25,400 --> 00:13:27,120 Speaker 3: one hundred percent fee, sit. 292 00:13:27,000 --> 00:13:29,679 Speaker 1: Down, nothing, not one thing, but we are going to 293 00:13:29,720 --> 00:13:31,520 Speaker 1: want to have a think about how you're going to 294 00:13:31,559 --> 00:13:34,760 Speaker 1: pay for things, the actual transactions, like are we're going 295 00:13:34,840 --> 00:13:37,319 Speaker 1: to go overseas with a credit card? Are you going 296 00:13:37,320 --> 00:13:40,120 Speaker 1: to use a debit card? Are you getting cash out? Now? 297 00:13:40,160 --> 00:13:42,600 Speaker 1: I certainly can't be trusted with one, but if you 298 00:13:42,679 --> 00:13:46,400 Speaker 1: have a credit card, cards with minimal foreign transaction fees 299 00:13:46,440 --> 00:13:50,439 Speaker 1: and travel perks can be a really good option. Important though, 300 00:13:50,559 --> 00:13:53,160 Speaker 1: before you travel back, call we bank. Let them know 301 00:13:53,520 --> 00:13:56,520 Speaker 1: because red flag to them is seeing Beck buy a 302 00:13:56,559 --> 00:13:59,840 Speaker 1: coffee in Melbourne one morning and then all of a sudden, 303 00:14:00,120 --> 00:14:05,240 Speaker 1: she's buying coffee in France. They're gonna go scam sus 304 00:14:05,480 --> 00:14:09,079 Speaker 1: block your card, make sure Beck can't access her money 305 00:14:09,120 --> 00:14:11,560 Speaker 1: because we're trying to protect Beck. But you need to 306 00:14:11,559 --> 00:14:14,080 Speaker 1: call your bank and be like, hey, got some travel plans. 307 00:14:14,160 --> 00:14:16,800 Speaker 1: If you see transactions from France, will indeed be me. 308 00:14:17,600 --> 00:14:20,760 Speaker 1: It will be me making transactions in France. I wouldn't 309 00:14:20,800 --> 00:14:23,920 Speaker 1: underestimate the importance of cash, so some places might not 310 00:14:23,960 --> 00:14:26,520 Speaker 1: have embraced the card revolution. So having a little bit 311 00:14:26,560 --> 00:14:29,640 Speaker 1: of local currency is important and can be a lifesaver. 312 00:14:30,200 --> 00:14:32,560 Speaker 1: I actually found this to be more true in the 313 00:14:32,680 --> 00:14:37,320 Speaker 1: US than in Europe, because Europe seemed to be pretty 314 00:14:37,360 --> 00:14:41,440 Speaker 1: across like tap to pay and credit card transactions and stuff, 315 00:14:41,680 --> 00:14:44,040 Speaker 1: and I was in the US last year. If they're 316 00:14:44,120 --> 00:14:47,840 Speaker 1: smaller businesses, like they don't have Apple Pay, like they 317 00:14:47,920 --> 00:14:52,520 Speaker 1: take legit credit cards, and because I'm so in I 318 00:14:52,520 --> 00:14:55,280 Speaker 1: guess the swing of just taking my phone places and 319 00:14:55,360 --> 00:14:57,480 Speaker 1: expecting to pay. There were a few places that I 320 00:14:57,600 --> 00:15:00,000 Speaker 1: got to that I went to like tap to pay 321 00:15:00,080 --> 00:15:01,400 Speaker 1: and they're like, oh, no, you have to use like 322 00:15:01,440 --> 00:15:03,200 Speaker 1: a real card, and I'd be like, sorry, what, I'm 323 00:15:03,200 --> 00:15:04,880 Speaker 1: not carrying one, Like I left all of those in 324 00:15:04,960 --> 00:15:08,360 Speaker 1: my hotel, Like yeah, just use Apple Bay. So when 325 00:15:08,440 --> 00:15:11,360 Speaker 1: you are traveling, having a number of different options can 326 00:15:11,400 --> 00:15:15,520 Speaker 1: be really helpful. Also, I'm an anxious girlie, having a 327 00:15:15,600 --> 00:15:18,400 Speaker 1: number of different cards has always made me feel really good. 328 00:15:18,440 --> 00:15:21,400 Speaker 1: So if I'm traveling overseas, like I'll have my standard 329 00:15:21,440 --> 00:15:23,760 Speaker 1: debit card, but I'll also have one with another bank, 330 00:15:23,880 --> 00:15:26,520 Speaker 1: and both debit cards that are carrying person never have 331 00:15:26,600 --> 00:15:29,280 Speaker 1: access to my full amount of money. I'll always like 332 00:15:29,440 --> 00:15:32,400 Speaker 1: just transfer five hundred dollars ish each time that I 333 00:15:32,520 --> 00:15:35,360 Speaker 1: need to from my big travel budget over to that 334 00:15:35,480 --> 00:15:38,400 Speaker 1: debit card. So if it gets lost and someone starts 335 00:15:38,400 --> 00:15:42,560 Speaker 1: being tap happy, like, I'm not losing absolutely everything. So really, 336 00:15:42,840 --> 00:15:46,240 Speaker 1: and you know, if my card gets skimmed or something overseas, like, 337 00:15:46,280 --> 00:15:49,600 Speaker 1: they don't have access to, you know, all of my savings. 338 00:15:49,600 --> 00:15:51,400 Speaker 1: They just have access to the money that I've given 339 00:15:51,400 --> 00:15:54,200 Speaker 1: myself access to for like that day, all those few days. 340 00:15:54,240 --> 00:15:57,960 Speaker 3: You know, that's fairy clever idea NAVI. I am shocked 341 00:15:58,080 --> 00:16:01,040 Speaker 3: to my core that I I've only heard this word 342 00:16:01,080 --> 00:16:03,760 Speaker 3: a few times peppered throughout this I don't know what's 343 00:16:03,800 --> 00:16:06,400 Speaker 3: your favorite thing to talk about? Travel insurance. 344 00:16:07,280 --> 00:16:09,480 Speaker 1: You're like me, I'm so sick of insurance. 345 00:16:09,960 --> 00:16:12,440 Speaker 3: I am, but I am shocked and I'm kind of 346 00:16:12,440 --> 00:16:14,040 Speaker 3: proud of you that you haven't brought it up more 347 00:16:14,240 --> 00:16:16,200 Speaker 3: so far. Do you want to talk about it. No, 348 00:16:16,480 --> 00:16:17,040 Speaker 3: it's all good. 349 00:16:17,440 --> 00:16:19,680 Speaker 1: Thanks for bringing it up, of course, but yes, I 350 00:16:19,720 --> 00:16:21,440 Speaker 1: do really want to talk about travel insurance. 351 00:16:21,840 --> 00:16:22,280 Speaker 3: There she is. 352 00:16:22,440 --> 00:16:26,560 Speaker 1: Yeah, it's so important. We had my friend Rihanne and 353 00:16:26,560 --> 00:16:29,720 Speaker 1: Tracy on the podcast a while ago, and thankfully she 354 00:16:29,760 --> 00:16:33,520 Speaker 1: had travel insurance. But when she was twenty, Like, if 355 00:16:33,520 --> 00:16:36,120 Speaker 1: you've listened to the episode, you'll know the story. If 356 00:16:36,160 --> 00:16:39,040 Speaker 1: you haven't, please go listen to the episode, because really 357 00:16:39,040 --> 00:16:42,360 Speaker 1: you will see the value in travel insurance. Yeah, she 358 00:16:42,520 --> 00:16:45,880 Speaker 1: dove into a pool in Bali and it was more 359 00:16:45,920 --> 00:16:48,360 Speaker 1: shallow than she thought it would be. And now she's 360 00:16:48,360 --> 00:16:52,560 Speaker 1: a paraplegic, she's thriving like she's one of the coolest 361 00:16:52,640 --> 00:16:56,760 Speaker 1: human beings I know. But that is one thing that 362 00:16:56,800 --> 00:16:58,840 Speaker 1: you just can't foresee. She was twenty, she was having 363 00:16:58,840 --> 00:17:01,520 Speaker 1: the best time. She was even partying or drinking. She 364 00:17:01,640 --> 00:17:03,680 Speaker 1: was on just like a chill holiday with her mom. 365 00:17:04,280 --> 00:17:07,399 Speaker 1: Like you wouldn't expect that kind of outcome, right, Like 366 00:17:07,440 --> 00:17:10,040 Speaker 1: you don't get to Bali and think, oh, hey this 367 00:17:10,080 --> 00:17:12,600 Speaker 1: is gonna be wild. I'm with my mom, do you 368 00:17:12,600 --> 00:17:15,360 Speaker 1: know what I mean? So I think it's so important 369 00:17:15,400 --> 00:17:17,280 Speaker 1: and so many people go, oh, it's not with it. 370 00:17:17,440 --> 00:17:19,080 Speaker 1: I don't bother with it. Like I think there's this 371 00:17:19,119 --> 00:17:21,840 Speaker 1: automatic default that it's not about covering your person, it's 372 00:17:21,840 --> 00:17:24,639 Speaker 1: about covering your stuff. They're like, oh, I can't be bothered. 373 00:17:24,680 --> 00:17:26,800 Speaker 1: It's so expensive. If I lose my phone or just 374 00:17:26,880 --> 00:17:28,760 Speaker 1: replace it whatever, I'll get a new one when I 375 00:17:28,760 --> 00:17:31,919 Speaker 1: get home. Like it's actually more than that. It's actually 376 00:17:32,240 --> 00:17:34,360 Speaker 1: not about your luggage being covered, because I don't care 377 00:17:34,359 --> 00:17:37,040 Speaker 1: about your luggage back. Like to be real brutal, if 378 00:17:37,040 --> 00:17:40,399 Speaker 1: you lost your suitcase, great, we can replace that quite easily. 379 00:17:40,520 --> 00:17:43,360 Speaker 1: Might be expensive, it's really frustrating. You know, you've got 380 00:17:43,400 --> 00:17:45,480 Speaker 1: all your skin care products in there in that stuff 381 00:17:45,480 --> 00:17:48,560 Speaker 1: adds up, but you haven't lost your life and your 382 00:17:48,560 --> 00:17:51,159 Speaker 1: parents aren't paying three hundred thousand dollars to have you 383 00:17:51,280 --> 00:17:55,240 Speaker 1: airlifted from a random country back to Australia. Like that's 384 00:17:55,280 --> 00:17:57,680 Speaker 1: what I want you to be protected from. I want 385 00:17:57,720 --> 00:17:59,639 Speaker 1: to make sure that if you need, you know, to 386 00:17:59,640 --> 00:18:02,919 Speaker 1: be met vacked from one location to another, it's not 387 00:18:02,960 --> 00:18:06,119 Speaker 1: going to financially cripple you. I need to know that 388 00:18:06,200 --> 00:18:08,800 Speaker 1: if something happens in a foreign country and you get hurt, 389 00:18:09,040 --> 00:18:12,240 Speaker 1: you don't have thousands and thousands and thousands of dollars 390 00:18:12,280 --> 00:18:14,840 Speaker 1: worth of medical bills. And you have heard how bad 391 00:18:14,880 --> 00:18:18,119 Speaker 1: the American system is, right, that system applies to you 392 00:18:18,200 --> 00:18:20,400 Speaker 1: if you are over there and you do not have 393 00:18:20,480 --> 00:18:25,040 Speaker 1: travel insurance. Same with every other healthcare system around the world. 394 00:18:25,040 --> 00:18:26,600 Speaker 1: You might go, oh, their hospitals are good. But it's 395 00:18:26,640 --> 00:18:28,280 Speaker 1: not really about that, is it. It's about getting you 396 00:18:28,320 --> 00:18:31,399 Speaker 1: home safely because you can't just get on a normal flight. 397 00:18:32,040 --> 00:18:32,440 Speaker 3: Yeah. 398 00:18:32,480 --> 00:18:35,960 Speaker 1: So yeah, I've just got a lot to say about that. Obviously, 399 00:18:36,359 --> 00:18:38,560 Speaker 1: I want it to be the biggest waste of money 400 00:18:38,560 --> 00:18:40,240 Speaker 1: in the entire world. Like I would love you to 401 00:18:40,280 --> 00:18:43,000 Speaker 1: go v I travel all the time, always get travel insurance, 402 00:18:43,640 --> 00:18:45,520 Speaker 1: never claimed on it. What a waste. I'd be like, 403 00:18:45,920 --> 00:18:49,640 Speaker 1: lucky you slayh Like that's so good. But make sure 404 00:18:49,680 --> 00:18:51,879 Speaker 1: that you're when you start looking into this, you're choosing 405 00:18:51,880 --> 00:18:55,000 Speaker 1: a policy that actually aligns with your travel ambitions. So 406 00:18:55,040 --> 00:18:58,119 Speaker 1: are you going to be like paragliding or skiing or 407 00:18:58,160 --> 00:19:00,840 Speaker 1: scuba diving. You need to make sure that your insurance 408 00:19:00,840 --> 00:19:04,520 Speaker 1: actually covers these activities. So showing my privilege again, I 409 00:19:04,560 --> 00:19:06,800 Speaker 1: have been to New Zealand to go skiing. That is 410 00:19:06,840 --> 00:19:09,879 Speaker 1: a different country. I need travel insurance for that, but 411 00:19:10,040 --> 00:19:13,800 Speaker 1: I need to upgrade my travel insurance to include snowsports, ye, 412 00:19:14,080 --> 00:19:17,439 Speaker 1: because otherwise it's not included. And if I got hurt skiing, 413 00:19:17,480 --> 00:19:20,000 Speaker 1: they'd be like, well, you didn't have that level of cover. 414 00:19:20,720 --> 00:19:23,359 Speaker 1: So make sure you are checking it, because, as I 415 00:19:23,359 --> 00:19:26,639 Speaker 1: said before, it's not actually about protecting your belongings. I mean, 416 00:19:26,680 --> 00:19:29,399 Speaker 1: it's nice to have as a little security blanket, but 417 00:19:29,640 --> 00:19:33,080 Speaker 1: it's actually about your life. It's about making sure that 418 00:19:33,119 --> 00:19:35,119 Speaker 1: you're in the best possible position. And I mean the 419 00:19:35,160 --> 00:19:38,000 Speaker 1: bonus of that is travel insurance usually covers things like 420 00:19:38,320 --> 00:19:42,960 Speaker 1: flight cancelations, obviously medical emergencies, but making sure that you 421 00:19:43,080 --> 00:19:46,040 Speaker 1: have the right cover. Let's go to a break because 422 00:19:46,080 --> 00:19:48,760 Speaker 1: I need to calm down. But if you don't have 423 00:19:48,800 --> 00:19:51,280 Speaker 1: travel insurance, you can't afford to travel beck end of story. 424 00:19:51,400 --> 00:19:53,800 Speaker 1: But see you on the flip side of this break. 425 00:19:58,000 --> 00:20:00,560 Speaker 3: Welcome back, everyone. So we're talking about how to prepare 426 00:20:00,600 --> 00:20:03,600 Speaker 3: your finances for travel, and you left us on a 427 00:20:03,600 --> 00:20:06,560 Speaker 3: bit of a giant pill two swallows, So I hope 428 00:20:06,560 --> 00:20:09,120 Speaker 3: everyone's gotten that down nice and safely. 429 00:20:09,280 --> 00:20:12,200 Speaker 1: Nice and smoothly, nice and smoothly, yeah, nice and smoothly. 430 00:20:12,359 --> 00:20:15,600 Speaker 3: Shut right down. So you have a few more things 431 00:20:15,600 --> 00:20:15,880 Speaker 3: to say. 432 00:20:16,040 --> 00:20:18,359 Speaker 1: I actually want to ask a question. Okay, Beck, have 433 00:20:18,440 --> 00:20:21,200 Speaker 1: you ever been traveling and then spent every single cent 434 00:20:21,280 --> 00:20:23,600 Speaker 1: in your bank account and had nothing left for when 435 00:20:23,640 --> 00:20:24,200 Speaker 1: you come home? 436 00:20:24,480 --> 00:20:24,760 Speaker 3: Yes? 437 00:20:25,080 --> 00:20:28,080 Speaker 1: So it's Jessic Gorici like, I feel like we've all done. 438 00:20:27,960 --> 00:20:29,520 Speaker 3: It right totally. Yolo. 439 00:20:29,720 --> 00:20:32,119 Speaker 1: I'm overseas, need to have the best time ever, Like 440 00:20:32,200 --> 00:20:33,960 Speaker 1: I don't want to miss out on a thing. Comes 441 00:20:33,960 --> 00:20:36,000 Speaker 1: home and there's twenty seven cents in your account and 442 00:20:36,000 --> 00:20:36,360 Speaker 1: you're like. 443 00:20:36,440 --> 00:20:37,200 Speaker 3: Worry about that later. 444 00:20:37,359 --> 00:20:40,240 Speaker 1: Yeah, so the problem for another day. It's not we're 445 00:20:40,240 --> 00:20:42,760 Speaker 1: going to make sure that we're okay. We need to 446 00:20:42,800 --> 00:20:46,040 Speaker 1: talk about budgeting for when you come home. It's so 447 00:20:46,119 --> 00:20:48,320 Speaker 1: easy to get excited and swept up in the trip 448 00:20:48,359 --> 00:20:50,520 Speaker 1: that you actually forget that you'll be coming home and 449 00:20:50,600 --> 00:20:52,800 Speaker 1: have like bills to pay, life to pay for you 450 00:20:52,840 --> 00:20:55,040 Speaker 1: actually have to put food on the table. Still really 451 00:20:55,080 --> 00:20:57,400 Speaker 1: boring when you get home that you're not eating baggettes 452 00:20:57,440 --> 00:21:00,359 Speaker 1: under the Eiffel Tower, but you actually have to go 453 00:21:00,400 --> 00:21:02,360 Speaker 1: to the supermarket and stock up your fridge because you've 454 00:21:02,359 --> 00:21:05,360 Speaker 1: been away for a while and that costs money. And 455 00:21:05,600 --> 00:21:08,119 Speaker 1: often we come home and we don't have that money. 456 00:21:08,520 --> 00:21:11,679 Speaker 1: It's so important to I guess acknowledge that every journey 457 00:21:11,720 --> 00:21:14,200 Speaker 1: it's going to come to an end, and returning home, yeah, 458 00:21:14,240 --> 00:21:17,399 Speaker 1: there's going to be some financial consequences. So first things first, 459 00:21:17,480 --> 00:21:21,800 Speaker 1: I would make sure that I understand what my bills 460 00:21:21,960 --> 00:21:25,439 Speaker 1: or rent or mortgage and other related costs are going 461 00:21:25,480 --> 00:21:28,560 Speaker 1: to cost us. It's super tempting to focus on, I guess, 462 00:21:28,640 --> 00:21:31,800 Speaker 1: just the adventure, but returning to a financial mess can 463 00:21:31,840 --> 00:21:34,640 Speaker 1: obviously dampen the post holiday glow. We want to keep 464 00:21:34,640 --> 00:21:37,320 Speaker 1: that going as long as possible, so set aside a 465 00:21:37,359 --> 00:21:40,679 Speaker 1: portion of your budget to cover these impending costs. Gabby 466 00:21:40,760 --> 00:21:43,080 Speaker 1: who is on the she's on the money team. She's 467 00:21:43,119 --> 00:21:45,440 Speaker 1: just got back from a massive Europe trip, and she 468 00:21:45,560 --> 00:21:47,879 Speaker 1: had a really cool few tips for me when it 469 00:21:47,880 --> 00:21:50,560 Speaker 1: came to budgeting, because obviously we like talk about it 470 00:21:50,600 --> 00:21:52,879 Speaker 1: off air as well, and she was like, one of 471 00:21:52,880 --> 00:21:55,879 Speaker 1: my favorite things because petrol sucks. When you get home, 472 00:21:56,359 --> 00:22:00,000 Speaker 1: you've probably got an empty tank. She said, I always 473 00:22:00,240 --> 00:22:03,040 Speaker 1: make sure that I fill my car full of fuel 474 00:22:03,240 --> 00:22:05,000 Speaker 1: before I leave for a trip, so I have it 475 00:22:05,160 --> 00:22:09,440 Speaker 1: full tank coming home. And she said, and sometimes I'll 476 00:22:09,480 --> 00:22:13,200 Speaker 1: buy myself like one hundred dollars fuel gift card, pop 477 00:22:13,240 --> 00:22:15,040 Speaker 1: it in the center consoles. So when I come home. 478 00:22:15,080 --> 00:22:16,880 Speaker 1: I know I've got the fuel in there, and I'm 479 00:22:16,920 --> 00:22:18,760 Speaker 1: not gonna have to pay for fuel for a little while. 480 00:22:19,080 --> 00:22:22,120 Speaker 1: So isn't that smart? I feel like so much less 481 00:22:22,119 --> 00:22:25,720 Speaker 1: stressed coming home to Oh yeah, actually I've got money 482 00:22:25,720 --> 00:22:28,000 Speaker 1: for that, and I can't spend it on anything else either. 483 00:22:28,600 --> 00:22:31,280 Speaker 1: And she said, making sure that she has like some 484 00:22:31,600 --> 00:22:34,600 Speaker 1: non perishable items in the pantry, So making sure she's 485 00:22:34,640 --> 00:22:37,199 Speaker 1: got some pasta and some tomato paste and like some 486 00:22:37,200 --> 00:22:39,840 Speaker 1: stuff that she can make some dinners with without having 487 00:22:39,880 --> 00:22:41,920 Speaker 1: to go to the supermarket. Because obviously you're like, I 488 00:22:41,960 --> 00:22:45,800 Speaker 1: don't want to split with more food. You could prepay 489 00:22:46,000 --> 00:22:48,120 Speaker 1: some of your bills, so if you know, oh, quarterly 490 00:22:48,160 --> 00:22:50,320 Speaker 1: we pay xys, why don't I just call up and 491 00:22:50,400 --> 00:22:52,440 Speaker 1: ask what you know an indication of my next bill 492 00:22:52,560 --> 00:22:54,480 Speaker 1: is going to be. They might go, it's one fifty, 493 00:22:54,720 --> 00:22:56,280 Speaker 1: all right, or I'm just going to put one fifty 494 00:22:56,320 --> 00:22:58,400 Speaker 1: on the account so that when that bill comes it's 495 00:22:58,440 --> 00:23:01,119 Speaker 1: not going to sting as much. Like let's take so 496 00:23:01,280 --> 00:23:04,240 Speaker 1: much pressure off ourselves. Same thing with like rand and mortgage, 497 00:23:04,359 --> 00:23:07,520 Speaker 1: like make sure that that is allocated. Have a think 498 00:23:07,600 --> 00:23:10,479 Speaker 1: about I guess baggage fees as well, Like what if 499 00:23:10,520 --> 00:23:14,479 Speaker 1: you really like shopping, Beck, are you going to get 500 00:23:14,520 --> 00:23:16,080 Speaker 1: stung at the airport on the way home when you 501 00:23:16,119 --> 00:23:18,240 Speaker 1: have mixed to no money because your bags are real heavy. 502 00:23:18,480 --> 00:23:20,560 Speaker 1: Make sure that we're thinking about this, like, I know 503 00:23:20,600 --> 00:23:22,159 Speaker 1: that when we go overseas, you'll be like that, I 504 00:23:22,160 --> 00:23:24,719 Speaker 1: have twenty three kilos. Do you know how easy it 505 00:23:24,800 --> 00:23:27,479 Speaker 1: is to go over that twenty three kilos? You've been 506 00:23:27,520 --> 00:23:30,840 Speaker 1: collecting souvenirs the hallway home and then they're like, yep, 507 00:23:30,880 --> 00:23:33,320 Speaker 1: so your bag has come over. That's just one hundred 508 00:23:33,320 --> 00:23:34,040 Speaker 1: and eighty dollars. 509 00:23:34,240 --> 00:23:36,520 Speaker 3: You're like, sorry, what, Yeah, that's a good point. 510 00:23:36,480 --> 00:23:38,120 Speaker 1: Well, how one hundred and eighty dollars? And I don't 511 00:23:38,119 --> 00:23:39,280 Speaker 1: want to throw my stuff out? 512 00:23:39,920 --> 00:23:41,119 Speaker 3: That's a very good point. 513 00:23:41,119 --> 00:23:43,480 Speaker 1: Fee Obviously, we need to plan for these expenses in 514 00:23:43,520 --> 00:23:45,520 Speaker 1: advance to make sure that there's like a little smooth 515 00:23:45,560 --> 00:23:47,560 Speaker 1: transition home and we're not stressed and we just get 516 00:23:47,600 --> 00:23:49,560 Speaker 1: to continue our holiday glow. 517 00:23:49,880 --> 00:23:52,360 Speaker 3: I love that this is kind of off topic and 518 00:23:52,680 --> 00:23:54,840 Speaker 3: maybe irrelevant for a lot of people, but really quickly, 519 00:23:54,840 --> 00:23:56,680 Speaker 3: there's this freezer hack where you put a coin on 520 00:23:56,720 --> 00:23:59,320 Speaker 3: top of like an ice cube or something to see if. 521 00:23:59,280 --> 00:24:00,880 Speaker 1: I've seen that on and I'm sorry, I was trying 522 00:24:00,880 --> 00:24:02,840 Speaker 1: to swallow some of my oat last day, which I 523 00:24:02,880 --> 00:24:04,479 Speaker 1: definitely shouldn't have while we're recording. 524 00:24:04,520 --> 00:24:06,840 Speaker 3: But isn't that smart If you're gonna put meals in 525 00:24:06,840 --> 00:24:09,320 Speaker 3: the freezer, you know, maybe there's a blackout or something 526 00:24:09,359 --> 00:24:11,560 Speaker 3: and you want to see if the food's been unfrozen 527 00:24:11,640 --> 00:24:12,359 Speaker 3: then refrozen. 528 00:24:12,520 --> 00:24:14,720 Speaker 1: Yeah, you put a coin on the top of a 529 00:24:14,760 --> 00:24:17,760 Speaker 1: frozen cup of water, and if you get home and 530 00:24:17,800 --> 00:24:19,959 Speaker 1: the coin is still on top of that piece of 531 00:24:20,040 --> 00:24:23,320 Speaker 1: frozen ice, we're all good. Freezer didn't turn off, Yes, 532 00:24:23,359 --> 00:24:25,639 Speaker 1: But if the coin has melted through and he's now 533 00:24:25,680 --> 00:24:27,840 Speaker 1: at the bottom of the cup, well, your whole freezer 534 00:24:27,840 --> 00:24:29,520 Speaker 1: has been defrosted and refrozen. 535 00:24:29,560 --> 00:24:31,320 Speaker 3: While you're exactly all sorts a bit of a money 536 00:24:31,359 --> 00:24:33,080 Speaker 3: saving hat because you can chuck a couple of coins 537 00:24:33,080 --> 00:24:34,920 Speaker 3: on there, you forget. 538 00:24:34,000 --> 00:24:36,200 Speaker 1: Put put fifty bucks in the bottom. 539 00:24:36,400 --> 00:24:39,600 Speaker 3: Yeah, exactly genius. So I guess I kind of does it. 540 00:24:39,640 --> 00:24:40,760 Speaker 3: But is there anything else? 541 00:24:41,040 --> 00:24:43,600 Speaker 1: Look, I think it's really important that when you're spending 542 00:24:43,600 --> 00:24:46,280 Speaker 1: your hard earned money and taking some time off, we 543 00:24:46,320 --> 00:24:48,920 Speaker 1: want to savor all of those moments. So making sure 544 00:24:48,960 --> 00:24:51,320 Speaker 1: that you're not coming home to a financial stress that 545 00:24:51,400 --> 00:24:54,199 Speaker 1: takes the shine away to me is really important. And 546 00:24:54,240 --> 00:24:57,399 Speaker 1: making sure that you're covering yourself and budgeting for everything 547 00:24:57,480 --> 00:25:00,040 Speaker 1: is going to mean that just the holidays better. I 548 00:25:00,240 --> 00:25:02,399 Speaker 1: have so much more fun if you know you're not 549 00:25:02,600 --> 00:25:05,360 Speaker 1: under any financial stress. Like, no one wants to come 550 00:25:05,400 --> 00:25:07,960 Speaker 1: home to a financial mess, and we don't have to 551 00:25:08,000 --> 00:25:10,120 Speaker 1: if we plan well, Beck and I love it. We 552 00:25:10,119 --> 00:25:13,320 Speaker 1: can do that. That's very easy. I think that's all 553 00:25:13,359 --> 00:25:14,280 Speaker 1: we have time for today. 554 00:25:14,280 --> 00:25:16,800 Speaker 3: I think that's a pretty good episode and a good 555 00:25:16,800 --> 00:25:17,320 Speaker 3: place to leave it. 556 00:25:17,600 --> 00:25:19,960 Speaker 1: We're so smart. We have a good week, guys. We 557 00:25:20,040 --> 00:25:21,280 Speaker 1: will see you on Friday. 558 00:25:21,400 --> 00:25:26,720 Speaker 3: Bye, guys. 559 00:25:28,200 --> 00:25:30,720 Speaker 4: The advice shared on She's on the Money is general 560 00:25:30,760 --> 00:25:34,639 Speaker 4: in nature and does not consider your individual circumstances. She's 561 00:25:34,680 --> 00:25:38,080 Speaker 4: on the Money exists purely for educational purposes and should 562 00:25:38,160 --> 00:25:41,320 Speaker 4: not be relied upon to make an investment or financial decision. 563 00:25:41,720 --> 00:25:44,160 Speaker 4: If you do choose to buy a financial product, read 564 00:25:44,200 --> 00:25:48,359 Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards 565 00:25:48,359 --> 00:25:51,639 Speaker 4: your needs. Victoria Divine and She's on the Money are 566 00:25:51,720 --> 00:25:56,720 Speaker 4: authorized representatives of Money. Sheper pty Ltd ABN three two 567 00:25:56,760 --> 00:25:59,760 Speaker 4: one is six four nine two seven seven zero eight 568 00:26:00,080 --> 00:26:06,639 Speaker 4: a f s L four five one, two, eight, nine 569 00:26:14,920 --> 00:26:14,960 Speaker 2: H