Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we
Speaker 1: get started on She's on the Money podcast, I would
Speaker 1: like to acknowledge the traditional custodians of the land of
Speaker 1: which this podcast is recorded on a wondery country, acknowledging
Speaker 1: the elders, the ancestors and the next generation coming through.
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: 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, cust millennials
Speaker 2: who want financial freedom. Welcome back to another one of
Speaker 2: our Friday episodes where we get our little team together
Speaker 2: and celebrate you our incredible She's on the Money community.
Speaker 2: This week, Miss j S. Greech is going to be
Speaker 2: sharing her favorite money wins. Miss beck Sayed is back and.
Speaker 4: She has a couple of broke tips for us.
Speaker 2: We're going to be talking this week about a juicy
Speaker 2: money dilemma. This week, we're going to be answering a
Speaker 2: question about how to be smart with your money when
Speaker 2: you're single, and we're going to be unpacking something that
Speaker 2: you slid into our DMS about this week. We're talking
Speaker 2: about what to do when you've got concerns about your
Speaker 2: partner's spending habits. Before we get there, though, Beck, Jess,
Speaker 2: how are your weeks?
Speaker 5: Jess, you go first, Thank you.
Speaker 4: My wik's been good, nothing exciting. I've been watching a
Speaker 4: lot of beame rush TikTok.
Speaker 2: Yeah. I sent you the first video that came up
Speaker 2: on you. Yeah, and I was like, I'm working on
Speaker 2: the algorithm for you.
Speaker 4: I have a curator. It's like every second video and
Speaker 4: I'm living for and all I can think about is
Speaker 4: how much I would have bodied being a sorority girl,
Speaker 4: because they do like all these cute themes for each day.
Speaker 2: And Jess was actually born to be American, Yeah, in
Speaker 2: like the non offensive way yeah no no, no, no no,
Speaker 2: but like in the Deep South sorority. Yeah, Jess was
Speaker 2: meant to be born into a billionaire household so that
Speaker 2: she could like seem everything not work, like just.
Speaker 4: I would have been a great rich housewife. Yeah, I'm
Speaker 4: okay with that. Work towards that, work towards Yeah, it's
Speaker 4: not impossible. I just know that you would have been
Speaker 4: living your best life. Like I just know that if
Speaker 4: I said to Jess tomorrow we're going to get up,
Speaker 4: We're going to go to Starbucks, her ears would.
Speaker 2: Already be pricked. Yes, we're going to Target. We're going
Speaker 2: to walk around Target. We're going to go to pilates.
Speaker 2: At lunch time, we're going to go get cobb salads
Speaker 2: and some Crispy diet coke. She'd be like, I'll do anything.
Speaker 2: It's fun.
Speaker 4: Whenever we go to the US for a work trip,
Speaker 4: it's like we had to cosplay it for Like.
Speaker 5: Do you know those tiktoks where it's like they show
Speaker 5: the college girls like they're about to go to college
Speaker 5: and they're like, my name's.
Speaker 4: And I'm going all this.
Speaker 2: That.
Speaker 5: I can see that for you.
Speaker 4: I don't want anything.
Speaker 5: Else for you.
Speaker 2: I just want that to come to fruition. So if
Speaker 2: there is a billionaire listening that would like to adopt
Speaker 2: Jess so she can live her best American sorority girl life, yes.
Speaker 4: I'll be like maturity student already takes thirty.
Speaker 2: School with skin like that, baby, girl, you know what
Speaker 2: you could do instead? Mormon Housewife.
Speaker 4: Did you say that they're making a reality show?
Speaker 2: No, but I want to watch it.
Speaker 4: What is it The Secret Lives of Mormon Wives or
Speaker 4: something like that, say less less in the conversation. We'll
Speaker 4: have this conversation later.
Speaker 2: We've just piped up Jess and made her believe that
Speaker 2: things that are never going to happen might happen. So
Speaker 2: I love that.
Speaker 4: There.
Speaker 2: Cow's your week, my week, My week, my week.
Speaker 5: I got back from Sydney.
Speaker 2: Birthday month.
Speaker 5: It's birthday month. It is a bit of a shame.
Speaker 5: I do feel like the birthday magic's wearing off. It's
Speaker 5: now like midway through August, so I'm like.
Speaker 4: You're right at the end of July, which makes it hard.
Speaker 2: Yeah, I'm like, oh how much can I stretch this?
Speaker 4: You know? But I'm still trying.
Speaker 2: So it really feels like the month. Yeah, we're only
Speaker 2: I think true.
Speaker 4: Okay, it does not exist.
Speaker 2: Yeah, I think that's probably true.
Speaker 5: And once this is over, then we've got Halloween, we've
Speaker 5: got Christmas. Like the magic just.
Speaker 4: No, get it, you get it.
Speaker 5: But no, my week's been really good. It's been really
Speaker 5: I'm still trying to like look for a house, So
Speaker 5: anyone anywhere out there. I think at this point I'm
Speaker 5: only going north side. I'm a beggar and I can't
Speaker 5: be a chooser. So if anyone has also she's being
Speaker 5: a chooser by refusing to go east side.
Speaker 4: What's outside or west side?
Speaker 5: Yes, that's true. I think I will still be a choosing.
Speaker 5: But no, if anything comes up, but I'm like, hey,
Speaker 5: Idlberg doesn't sound so bad, then maybe that's still north side.
Speaker 2: I have no idea if we from the west, so
Speaker 2: I'll go west. Geography is just not for me.
Speaker 5: Well, I'll go anywhere. So that's that's my current situation.
Speaker 5: So the weeks, yeah, it's been but otherwise it's been good.
Speaker 5: What about you good?
Speaker 2: Mine has been decidedly more boring than yours. I feel
Speaker 2: like I've finally got into the daycare group. I am
Speaker 2: loving it, and I feel like we should talk about
Speaker 2: this because I feel like so many mums on TikTok
Speaker 2: and Instagram they're always talking about like, oh my gosh,
Speaker 2: I feel so guilty going back to work, or I
Speaker 2: feel so guilty that my kid's in daycare. Harvey loves it,
Speaker 2: like he is having the best time ever. So they
Speaker 2: have this little app where they upload photos throughout the
Speaker 2: day and tell you what they're up to, and I'm
Speaker 2: just like, these are things that I just don't have
Speaker 2: the brain capacity for. Like he's doing all these sensory
Speaker 2: activities and like last week they did baby Olympics for real.
Speaker 2: Turns out maybe our educator is a really great storyteller,
Speaker 2: because like the written thing said, oh my gosh, the
Speaker 2: kids put on a spectacular performance today they were doing
Speaker 2: artistic gymnastics, and Harvey really shone through. And then there's
Speaker 2: just this picture of my baby who cannot sit up,
Speaker 2: laying on a mat looking like a little sweet potato
Speaker 2: holding a rainbow ribbon rattle, and that's his artistic gymnast
Speaker 2: and like I mean the other kids, because obviously the
Speaker 2: app gets updated with all the kids they're like doing
Speaker 2: like climbing activities and like running races and stuff, and
Speaker 2: it was just so wholesome, and I just know that
Speaker 2: he's having the best time while I get to come
Speaker 2: back to work and be my best self. And I
Speaker 2: just think it's so good and we need to talk
Speaker 2: more about this, because like my week has been made
Speaker 2: knowing that he's had a good week at daycare. And
Speaker 2: then I come home and I'm like, tell me about
Speaker 2: your baby day, like what did you do? Obviously he
Speaker 2: can't respond yet. I'm not that delusional, but I like
Speaker 2: go through the app and I'm like, oh, you did this,
Speaker 2: and then did you have this? And oh you had
Speaker 2: a bottle at this time, and you know, I tell
Speaker 2: him about my day and I'm like, this is going
Speaker 2: to work for us. I really like it. So yeah,
Speaker 2: a bit boring back at work, back in the office,
Speaker 2: so I feel like I've spent a few days in
Speaker 2: the office more than what I would usually, But so good,
Speaker 2: so good.
Speaker 5: You gotta keep your sanity. You got to talk to people.
Speaker 5: You're in age.
Speaker 2: I feel like you do. And I mean, if you
Speaker 2: want to stay home, great, like fantastic. It's different horses
Speaker 2: for different courses. But I just knew this was going
Speaker 2: to be part of the narrative. And I have had
Speaker 2: a few messages from people because I've posted on my
Speaker 2: Instagram like Harvey is like daycare fit or whatever. They're like,
Speaker 2: oh my gosh, how are you going with daycare? Do
Speaker 2: you feel guilty? And I'm like, hold up, why is
Speaker 2: that part of the Yeah, why is that part of
Speaker 2: the narrative? Why would I feel guilty? Do you know
Speaker 2: how expensive daycare is? Like if I turned around to you,
Speaker 2: Beck and said I'm spending one hundred and ninety two
Speaker 2: dollars a day on you, You'd be like blessed.
Speaker 5: Yeah, hey, yeah, I would be like, do you feel guilty?
Speaker 2: Well no, no, So I just yeah. I think it's
Speaker 2: important to talk about because it's meant that I am
Speaker 2: so much happier at work as well, knowing that he's
Speaker 2: happy and having a really good time. But that's not
Speaker 2: what today's about. Today's about our community. So let's dive
Speaker 2: straight in, Jess, I saw the money Wins thread this
Speaker 2: week and there were some good ones. What have you
Speaker 2: pulled out to share?
Speaker 4: Alrighty, My first one this week comes from Natasha who
Speaker 4: said she's currently putting up curtains throughout her house. She
Speaker 4: got a quote and they said for one room, a
Speaker 4: singular room, it was going to cost her over twelve
Speaker 4: hundred dollars. Crazy who new curtains were so expensive?
Speaker 2: Not me, I know, we did remember when we got
Speaker 2: that quote.
Speaker 4: For the the office, and then well we did a
Speaker 4: bit of a Natasha, we decided to do it ourselves,
Speaker 4: which is exactly what she did. She went to Spotlight.
Speaker 4: They had a forty percent off sale. She got all
Speaker 4: of her curtains for six hundred bucks.
Speaker 2: Money win, money Win. We did basically the same thing,
Speaker 2: but we got them through Freedom and we just installed
Speaker 2: them ourselves.
Speaker 5: What do they do, Like, we're just like, you know
Speaker 5: those sheer.
Speaker 2: Curtains y, Yeah, Like it was so expensive.
Speaker 5: And they like they just hang them, but you could just.
Speaker 2: I'm assuming they also make them like they hang them,
Speaker 2: And I mean you do get the extra bonus of
Speaker 2: having them like trimmed to the right size. Sure, we
Speaker 2: did that ourselves. Have you met Jess. She's now the
Speaker 2: proud owner of a sewing machine. She can do anything.
Speaker 4: Crafty queens. Next tipt of money Win from Anthea, who said,
Speaker 4: money Win, We've built a chicken coop out the back.
Speaker 4: This one's for you back. We had stuff laying around
Speaker 4: on our block. We only were forty dollars out of
Speaker 4: pocket for lax and basic stuff like screws and buckets.
Speaker 4: They already had the space in the yard and they
Speaker 4: repurposed a aviary that their dad had built twenty eight
Speaker 4: years ago. Oh my gosh, very wholesome. And there is
Speaker 4: a photo of the chicken coop. I love photo pictures
Speaker 4: a whole house literally like you could.
Speaker 2: Is it in the north boat. Probably there's going to
Speaker 2: be an issue if it's not a chicken coop. No worries.
Speaker 4: Next, even of money win from Alicia, who said, I
Speaker 4: bought a very old, very burnt le crust pot for
Speaker 4: anyone who doesn't know le cruse ah like super bougie,
Speaker 4: very expensive, like four hundred dollars pots, but they're very
Speaker 4: well made, their cast iron. They last you a lifetime.
Speaker 2: I really, but I can't justify it.
Speaker 4: I agree they're stunning.
Speaker 2: I don't do enough like of that baking to get
Speaker 2: the proper lucrat like I just don't have. Like if
Speaker 2: you said, Victoria's a fry pan that you'd use every
Speaker 2: night for dinner while cooking yourmaly spoons, I'd be like
Speaker 2: slate can invest. No, not a.
Speaker 4: Dutch And I think they do other stuff, but I'm
Speaker 4: not sure anyway. At least she found this one for
Speaker 4: fifty bucks on Facebook marketplace. She cleaned it up with
Speaker 4: a lot of scrubbing and soaking and it looks perfect now.
Speaker 4: She put in a photo and it was ninety percent
Speaker 4: off of the normal retail price.
Speaker 5: Oh look at her.
Speaker 4: What a good job she did.
Speaker 5: That is so good.
Speaker 2: Do you know what this woman? Woman after my own heart? Really?
Speaker 2: I think that she would like my cleaning stories highlight
Speaker 2: on my Instagram because I'm a cleaner at heart. Have
Speaker 2: you seen me in a canar ive and cleaner?
Speaker 4: She loves to scrub.
Speaker 2: I love it. Do you think I'm joking? Beck? No,
Speaker 2: after the show, I'm going to show you my highlights.
Speaker 2: I've seen you.
Speaker 5: I've seen you. If I'm in a room with you
Speaker 5: and a can of oven spray, I know that I'm
Speaker 5: not being seen.
Speaker 2: That's real tops and only spray oven spray outside.
Speaker 4: Beck, Oh my gosh, all ranks you win. From Matilda
Speaker 4: who said last night she got to see Beauty in
Speaker 4: the Beast with a friend and they only paid twenty
Speaker 4: four dollars per ticket because they won the lottery, it's
Speaker 4: definitely worth entering the lotteries. So I'm getting there with
Speaker 4: the context. It's definitely worth entering the lotteries. On the
Speaker 4: Today ticks app, there's one for Wicked two. You might
Speaker 4: remember me saying a while ago I was trying to
Speaker 4: win tickets. Wicked didn't win, sadly, but.
Speaker 2: I never saw Wicked buy.
Speaker 4: You can often enter last minute lottery when they have
Speaker 4: extra seats left in the theater. They'll sometimes do it
Speaker 4: like the stage door, but apps like today Ticks also
Speaker 4: do it and you enter and you just go in
Speaker 4: the for a chance to be able to buy like
Speaker 4: a really cheap ticket. So in this case, they were
Speaker 4: doing twenty four dollar tickets to see Beauty in the
Speaker 4: Beast musical.
Speaker 2: That's so cool. I feel like they're so expensive nowadays.
Speaker 4: I was going to say, I feel like the ride
Speaker 4: at the back seats are still like eighty ninety bucks normally,
Speaker 4: and you know, up into the hundreds depending on how
Speaker 4: close you get, So twenty four dollars is still my god.
Speaker 2: Well, I was just thinking, wait, she won the lottery
Speaker 2: and still had to pay.
Speaker 5: Someone writes in one day, is like my money win
Speaker 5: is I won the powerball?
Speaker 2: My god. I had a client. I had a client
Speaker 2: do that, not a pre existing client. This is a
Speaker 2: number of years ago. They came to me and said
Speaker 2: I need financial advice, and I was like, great, no
Speaker 2: worries come my way. And I was thinking like, oh,
Speaker 2: this is probably like, you know, going to be a
Speaker 2: smaller client because you know, you have in your head
Speaker 2: like maybe what a client's going to be like after
Speaker 2: you read their fact find and like a few details
Speaker 2: and they had omitted that. I was thinking, okay, Uni student,
Speaker 2: like probably like we're going to talk about budget and
Speaker 2: cash flow. And she's like, so I won like five
Speaker 2: million dollars And I was like, sorry, what she's like?
Speaker 2: And I just I don't really know what to do.
Speaker 2: And I was like, this is very exciting. Who knows?
Speaker 2: And she's like, well, a while ago you said on
Speaker 2: a podcast like you don't have to tell anyone, so
Speaker 2: I haven't told anyone. And I was like, oh, okay,
Speaker 2: so you claimed the money yet, And I'm thinking that
Speaker 2: maybe it's a joke. Any way, full financial Plan. It
Speaker 2: was not a joke. She didn't end up telling her parents,
Speaker 2: doing some incredible things for her family. She donated some money,
Speaker 2: she set herself up full life, but imagine winning five meal.
Speaker 4: Yeah, you guys about.
Speaker 2: What I would do, and like she was most worried
Speaker 2: at that time. Sorry, I know that the person who
Speaker 2: one listens to the show still so hi Congress, but
Speaker 2: she was so worried in that meeting with me. She's like,
Speaker 2: do I have to pay you now, or like can
Speaker 2: I pay you later because I don't have the money now,
Speaker 2: Like I can't pay for advice now. And I was like, oh,
Speaker 2: this is fine, this is fine, no worries, You're good
Speaker 2: for it. Imagine being like, I know I have five
Speaker 2: million dollars coming, but I'm worried about you know, a
Speaker 2: three thousand dollars invoice, Like I get it, yeah, but
Speaker 2: holy moly.
Speaker 5: Yeah.
Speaker 2: I was like, how does that feel to live my dream?
Speaker 4: I literally completely well speaking of living the dreams and
Speaker 4: quit and moved to America. Totally. I'd becoming a I'd
Speaker 4: be my own rich, stay at homehouse.
Speaker 3: You're like, I'm living to Utah for your leader.
Speaker 4: Might have been from Amanda talking about random crazy things.
Speaker 4: Apparently Amazon Prime is filming a movie on the Goldie
Speaker 4: with Mark Warwerk, and they asked if they could do
Speaker 4: some filming on their cane farm. They pay them twenty
Speaker 4: grand for three or four days of filming on their property.
Speaker 2: You can have my house.
Speaker 4: Literally, god crazy?
Speaker 5: Is there any like negotiations? She's probably didn't mention or
Speaker 5: they would just like, hey, we'll give you no idea.
Speaker 4: I mean, if someone said to me, hey, twenty grand
Speaker 4: to use it, I'd be like, buy all me.
Speaker 2: Yeah, do you want me to clean the house first?
Speaker 4: Literally, I'll do that. I'll sweep the fields, I'll do
Speaker 4: whatever I've got to do the field.
Speaker 5: Absolutely, like your cane field is going to feature in
Speaker 5: a movie with you imagine seeing the movie being like kids,
Speaker 5: that's my cane.
Speaker 4: Literally that's They.
Speaker 5: Could pay me three dollars and I'd still do that.
Speaker 5: That's really really cool.
Speaker 4: So fun. And the last I have money in from
Speaker 4: myself And a little reminder, it's after pay Day starting
Speaker 4: today after pay Day's sales have been going on all
Speaker 4: week though, which I have been taking advantage of. But
Speaker 4: I wanted to buy something online. Actually, this jacket that
Speaker 4: I'm wearing right now, I wanted to buy.
Speaker 2: Already complimented on that it's very cute, but like it
Speaker 2: looks very Garney, which is obviously very do you know
Speaker 2: what you would love Garney. I'm gonna show you after
Speaker 2: it's expensive. It's a gateway. You're not going to appreciate
Speaker 2: me for showing you, but you will appreciate the fashion.
Speaker 2: But it looks very Garney, which is expensive. And then
Speaker 2: just was like, huh, I did a.
Speaker 4: Jess, Yeah, it's from Glassons Fan. I was wondering, but
Speaker 4: I wanted to buy it online it was sold out
Speaker 4: and after pay sale was only online. But I went
Speaker 4: into the store anyway, and I just said, hey, like,
Speaker 4: I saw this jacket online but it was on sale online,
Speaker 4: but it's not on sale here. And they said, oh,
Speaker 4: we can just price match it for you so I
Speaker 4: could get my size. So if something you want is
Speaker 4: a part of the sales, but it maybe is sold
Speaker 4: out in your size or your color or whatever, and
Speaker 4: they have it in store, it's worth coming in store
Speaker 4: and just trying to see if you can get a
Speaker 4: price match, because I think a lot of the times
Speaker 4: the stores will be happy to just have the sale
Speaker 4: because a lot of people are probably not shopping in
Speaker 4: store this week because they're using the after pay sales instead.
Speaker 4: And reminder, you don't need to use after pay to
Speaker 4: take advantage of the after pay sales because I've never
Speaker 4: had after pay. I just want to take advantage of
Speaker 4: the sales.
Speaker 2: Yeah, yeah, yeah, And I was about to say oft
Speaker 2: and they'll have a discount code for you to use
Speaker 2: for after pay day that's like after pay day or something,
Speaker 2: and you can use it even though your payment method
Speaker 2: is not after pay, because it makes the sense, right,
Speaker 2: like it makes sense for the company to make the
Speaker 2: most of people who also don't have after paid they
Speaker 2: might want to give that a crack.
Speaker 4: They literally just branded it with their name. It's like
Speaker 4: smart mouk, but you don't need to use it at all.
Speaker 2: Seeh I also have a money when that I want
Speaker 2: to share is that, Okay, please do this one's for
Speaker 2: the Kindle goalies out there. So I currently have Kindle Unlimited,
Speaker 2: and if you have Kindle Unlimited, you know that you
Speaker 2: don't get every single book that you might want to read. Anyway,
Speaker 2: Kindle app is having a massive sale and lots of
Speaker 2: the books that I want to read at the moment
Speaker 2: are like eighty to ninety percent off, so they're only
Speaker 2: costing a couple of dollars to add to my Kindle.
Speaker 2: So I've gone through added a heap of them and
Speaker 2: I'm really excited about it. But that didn't come from me.
Speaker 2: That actually came I was in the office yesterday and
Speaker 2: the Zella girls were like, they're Kindle giralies. Like Maddie
Speaker 2: in the office, she reads like three books a week.
Speaker 2: I don't know how she's like a speed reader and
Speaker 2: she doesn't even use the dyslexic font jesslexic fon Oh
Speaker 2: my gosh, yes, what's that? Oh side note, So on
Speaker 2: your kindle you can like change the fonts and like
Speaker 2: how it's viewed and like the font size and stuff. Right, yes, yes,
Speaker 2: but you're gonna love this, Jess. So there is a
Speaker 2: font called open dyslexic and you don't have to be
Speaker 2: dyslexic to use it. And I'm obsessed with it because
Speaker 2: it's basically been crafted to be easier on your eyes
Speaker 2: to flow along the words and read quicker. So I
Speaker 2: use it and it makes my kindle experience just much nicer,
Speaker 2: much easier. We got into this debate in the office
Speaker 2: a couple of weeks ago because we have an internal
Speaker 2: we have book club at work. We're very cool, thanks
Speaker 2: for asking, and we're currently reading something. I say, we'll
Speaker 2: try the font that I'm obsessed with, and all the
Speaker 2: girls were like, that looks like clown font does not
Speaker 2: look legible, Victoria, and I was like, give it a crack.
Speaker 2: Went in yesterday and Georgia was like, Victoria, I'm really sorry,
Speaker 2: but like this is the best font ever I'm reading
Speaker 2: so much quicker. It is so good, So give it
Speaker 2: a try. It's already on your kindle, like you don't
Speaker 2: have to download or do anything, but it makes it
Speaker 2: so much quicker. And that's not what I came here
Speaker 2: to tell you. It came you to tell you that
Speaker 2: lots of books, they are cheap.
Speaker 4: Right now, excellent.
Speaker 5: We love that.
Speaker 4: I can't wait to have a look.
Speaker 2: Would you like some broke tips though, because we've taken
Speaker 2: over this segment.
Speaker 5: Hey, no, that's quite all right. I'll be very quick.
Speaker 5: Don't mind me. I'm just going to read you two
Speaker 5: from the community. One for myself.
Speaker 2: Well I didn't see that come yeah, I had sort
Speaker 2: of changed it off a little bit.
Speaker 5: Okay. So the first one comes from a friend of mine.
Speaker 5: I posted on my story your girlfriend if you're no,
Speaker 5: not my girlfriend, this time?
Speaker 2: Not my girlfriend. I like how she here, he always
Speaker 2: says this time because we all know, we always.
Speaker 5: We all know. No, she's in the UK, so the
Speaker 5: time zone makes it very hard to ask her before
Speaker 5: I come in here in a panic, what do I
Speaker 5: do because she's currently asleep?
Speaker 2: But wake up, it's broke tip time.
Speaker 5: So this one comes from Jacinta who says, buy upsized
Speaker 5: am Pole fuel vouchers on shop back seven percent off,
Speaker 5: then scan your Woolies card for points. Okay, Queen, that
Speaker 5: sounds like a great idea.
Speaker 2: Not just that's genius. You're like hacking the system. You
Speaker 2: get a better discount on fuel, do you reckon? You
Speaker 2: could also use your like supermarket discount, I reckon, like
Speaker 2: you stack them triple whamm it, you could stack them, oh,
Speaker 2: discount stacking.
Speaker 4: There's lots of upsized cash back this week with after
Speaker 4: Payday too, so like, have a look at your favorite
Speaker 4: brands and stuff. Because I got something on the Iconic
Speaker 4: it was twenty cent cash back, So I was like.
Speaker 2: Yeah, I actually bought something. It was for work. I
Speaker 2: bought something on the Adobe website and I actually got
Speaker 2: fifty percent cash back on shot back. Amazing, Wow, fifty
Speaker 2: isn't that good and do expensive?
Speaker 5: Yeah it is.
Speaker 2: I was like money win because I actually had to
Speaker 2: purchase it. It wasn't like I said to read. Yeah,
Speaker 2: I had to purchase some Adobe pdafreeder for work, which
Speaker 2: was not that sexy. But then when I got fifty
Speaker 2: business cash back, I was like, Okay, so that's now
Speaker 2: my money money.
Speaker 5: Wow. Anyway, sorry story there, No, don't be sorry at all.
Speaker 5: The next one comes from Bex. And now I just
Speaker 5: want to preface this by saying that this person did
Speaker 5: have permission to do this. So the office next door
Speaker 5: I'm assuming to their office had to clear out, and
Speaker 5: this person dumpster dove and sold items on Marketplace and
Speaker 5: just got a free hundred fifty bucks, which is really
Speaker 5: good because sometimes we do that here at this office,
Speaker 5: and like we're not throwing out like old broken lounges,
Speaker 5: like we're throwing out office chairs and desks that we
Speaker 5: don't use anymore and just everything like key cups, all
Speaker 5: these things.
Speaker 2: Really put it on Facebook Marketplace, Well.
Speaker 5: That's what you do if you're doing it for your
Speaker 5: own house. But if it's like an office clear out,
Speaker 5: which is what was happening here, and what does happen
Speaker 5: in this office too, no one's going through.
Speaker 2: It's a picture of it, like and say, we're gonna
Speaker 2: put all of this outside, and it's at this location.
Speaker 2: You can come and take it from, you know, near
Speaker 2: the dumpster or whatever. I just hate the idea that
Speaker 2: it's all going to waste.
Speaker 5: But yeah, I think if it's like a big company
Speaker 5: where there's like so many people and the person in
Speaker 5: charge isn't going to be doing that. Ye, they're just like.
Speaker 2: But if you if I did for our office. We
Speaker 2: recently packed up one of our Zella officers and we
Speaker 2: put so much stuff on Facebook marketplace because I was like,
Speaker 2: I can't imagine throwing it out obviously, I don't want
Speaker 2: to put it into storage, Like it just feels so
Speaker 2: wasteful totally, and like it technically could have been sold,
Speaker 2: Like I definitely could have made money from it. But
Speaker 2: you know, when you want something to just move, I'm like,
Speaker 2: I know if I put this like set of bookcases
Speaker 2: up for free, someone's going to go, that's a money
Speaker 2: win and come and collect it that same day. Like
Speaker 2: this stuff moves. Definitely offer it because like even like
Speaker 2: desk chairs and stuff, like if you're in a share.
Speaker 4: Expensive like five hundred dollars, isn't like crazy.
Speaker 2: This woman she's been complaining. I'm calling her out publicly now.
Speaker 2: She has been complaining for what would you say, twelve
Speaker 2: months I worked at the company, two years, three years.
Speaker 2: She's like, I don't have a good desk set up
Speaker 2: at home, Like I don't have a good desk chair
Speaker 2: I don't have a desk. I really want one of
Speaker 2: those standing desks. I've said I'll pay for it. I'm like,
Speaker 2: I will buy that for you. Not only will I
Speaker 2: buy it for you, just put it on my credit card.
Speaker 2: You've got the details. Have you done it? Are you
Speaker 2: still complaining about it?
Speaker 5: I'm just going.
Speaker 2: To get to a point where I just send it
Speaker 2: to her house and it's not going to be what
Speaker 2: she wants because she won't tell me what she wants.
Speaker 4: But I'll out.
Speaker 2: The amount of money this woman spends it the chiropractor
Speaker 2: significantly what a new desk would compay for a.
Speaker 4: Desk by now true, which is like an imagine the
Speaker 4: way would the fun in that bay?
Speaker 5: Yeah exactly. I imagine with a little treadmill. Do you
Speaker 5: think you'd be one of those?
Speaker 4: Sometimes I try. I put my laptop on the there's
Speaker 4: like a bar for your hands. Sometimes I balance the laptop,
Speaker 4: but it's very it's dangerous game.
Speaker 2: And sometimes you zoomor and she's like wobbling and you're like, oh,
Speaker 2: she's on the walking treadmill. I actually laughed so much
Speaker 2: because she even has a spare room in her house
Speaker 2: beck for a study to go that is waiting for
Speaker 2: this desk that she still hasn't order.
Speaker 5: Maybe do it right before July so that you know.
Speaker 2: She leaves this office one do you want let's order
Speaker 2: it all the gear?
Speaker 4: No idea anyway? Tip?
Speaker 5: Oh yes, okay, So my one is also I just
Speaker 5: want to shout out to my friend Amy who also
Speaker 5: did the same thing, because I don't want them to
Speaker 5: think that I'm stealing their idea.
Speaker 2: But I can't why I had to disclaim it before.
Speaker 2: I was like, I didn't come up with the kindle
Speaker 2: thing Maddie in the office did, Sorry?
Speaker 1: Credit?
Speaker 4: Where credit is you?
Speaker 5: And I know that this is one that we've probably
Speaker 5: mentioned before about like you know, like house sitting, pet sitting,
Speaker 5: all this kind of stuff. But my broke tip is
Speaker 5: have a look, especially if you're in a situation like
Speaker 5: where you're kind of like maybe needing to move. I
Speaker 5: guess it's more for if you have the time, if
Speaker 5: you have the luxury of time, and you do have
Speaker 5: the option to kind of like go into a share
Speaker 5: house or rent your own house or whatever, but it
Speaker 5: could also help people who really are an urgent need
Speaker 5: of you know how accommodation. There are websites where you
Speaker 5: can house sit for like long periods of time, and
Speaker 5: I think that there are some that actually pay you
Speaker 5: as well, so you get free accommodation. Sometimes you are
Speaker 5: actually paid and you're just in someone else's house and
Speaker 5: you're you know, obviously, I think you need if you're
Speaker 5: going to like register a on a website for other
Speaker 5: people to find you, you do need some credentials or something.
Speaker 5: Police checkers like that.
Speaker 2: We've used one of those websites before when Steve and
Speaker 2: I have gone on holiday because I don't like putting
Speaker 2: my pets in categories yeah and or like the doggery
Speaker 2: or whatever it is. And so they do have police checks,
Speaker 2: like they all checked, and they often have really good
Speaker 2: reviews so you can see what other pet parents have said,
Speaker 2: like oh, Beck actually left the house so clean and
Speaker 2: my pets are really happy, and that makes you like
Speaker 2: feel a lot better. Yes, But then there's usually an
Speaker 2: interview process too, so like you might come to my
Speaker 2: place for a coffee, meet the pets, and then I
Speaker 2: get a feel for you and then I go, yeah,
Speaker 2: it should be great, so like it's not just like
Speaker 2: a random coming into your house. I don't feel no totally,
Speaker 2: so I think, yeah, if you're in a position like myself,
Speaker 2: or you just need housing, or you just want to
Speaker 2: save a buck, try out house sitting. I feel like
Speaker 2: that's a really good one, but I kind of want
Speaker 2: to I don't know if this is building on it
Speaker 2: or just questioning it. I feel like it would low
Speaker 2: keep the genius even if you have accommodation to house
Speaker 2: it over winter. Oh yeah, and like so that you're
Speaker 2: not paying your electricity bill or your game brand, go
Speaker 2: live in someone else's house, use their heater, get paid
Speaker 2: for that privilege. Turn off the heater at home.
Speaker 5: That's such a great idea. Or if you want it.
Speaker 5: If you do want to go on holiday, you already
Speaker 5: know that you're going on holiday from this period to
Speaker 5: this period. If this just happens register.
Speaker 2: Especially if you've booked a holiday in advance, which I'm
Speaker 2: assuming most people do. Like go pop yourself up genius.
Speaker 5: Yeah totally, So that's me for this.
Speaker 2: I love that. I think that's a good one. Beck
Speaker 2: Let's go to a really quick break because I am
Speaker 2: excited to get into the nitty gritty. On the flip side,
Speaker 2: we're gonna be talking about being smart with your money
Speaker 2: when you're single and then we're gonna be talking about
Speaker 2: a topic that you slid into our DMS about which
Speaker 2: this week we're talking about what do you do when
Speaker 2: you've got concerns about your partner's spending? So don't go anywhere, guys.
Speaker 4: Welcome back everybody. Let's take a listen to this week's
Speaker 4: money dilemma.
Speaker 5: Hi.
Speaker 2: There, have you got a money dilemma you just can't solve?
Speaker 2: The Sheese on the Money team is here to help.
Speaker 2: Every week, we tackle your dilemmas, both big and small,
Speaker 2: to answer your most burning money, career and life questions.
Speaker 2: To get involved, simply head to our website and leave
Speaker 2: us a short voice recording and you might just find
Speaker 2: yourself on the show. Now, let's take a listen to
Speaker 2: this week's money dilemma.
Speaker 6: Hi. Girls. First of all, I really love your podcast
Speaker 6: and Victoria your book has completely changed my life. I've
Speaker 6: noticed that a lot of money diarists who call in
Speaker 6: are part of a couple, but a lot of them
Speaker 6: seem to be like double income, which is a little
Speaker 6: bit of the wind in the back. And I notice
Speaker 6: a lot of the finance talk and finance world is
Speaker 6: sort of centered around a world where almost everyone seems
Speaker 6: to be in a couple. I feel like, on top
Speaker 6: of that, the tacks brackets are kind of stacked against singles,
Speaker 6: particularly like I'm thirty seven, I'm divorced, I'm trying my
Speaker 6: best on my own, I've only just started investing, and
Speaker 6: I just feel like the whole finance world is screaming
Speaker 6: at me to couple because it's so much easier. Do you,
Speaker 6: I guess, have any tips for how to be smart
Speaker 6: when you're on your own and when you're not looking
Speaker 6: to couple, because I'm not really interested in sharing my finances.
Speaker 2: That's a really good question, and I have been thinking
Speaker 2: about this a lot recently. So first, thank you, how nice.
Speaker 2: I love that you've read my book. Also, I noticed
Speaker 2: your accent. Can you move in with Jess? But I
Speaker 2: don't think we talk about this enough because I think
Speaker 2: we are often like women power right, Like, if you're
Speaker 2: not in the right relationship, just leave, like you don't
Speaker 2: deserve that. I totally get that. But the expense of
Speaker 2: being single, especially right now, is astronomical. You are paying
Speaker 2: so much more just to exist. Think about it like this, right, Like,
Speaker 2: when I was twenty one, I was single, I lived
Speaker 2: in a sharehouse, and if I had been listening to
Speaker 2: this podcast episode, I'd be like, oh, well, it's not
Speaker 2: that bad, Like I have housemates. You could just get housemates.
Speaker 2: By the time you get to thirty five or forty,
Speaker 2: you don't want housemates. You want your own sacred space.
Speaker 2: You want your own property, and you want your own options.
Speaker 2: You want your own car, like you don't want to
Speaker 2: be reliant on someone else. So it literally doubles. The
Speaker 2: cost of Most things be significantly cheaper if you split
Speaker 2: it with someone else. But even in a one bedroom apartment,
Speaker 2: like let's say you've got a one bedroom apartment here
Speaker 2: in Melbourne, you're paying like five hundred bucks a week.
Speaker 2: Obviously that's a lot of money, but if you were
Speaker 2: splitting it, it was two fifty a week. Immediately, your accommodation
Speaker 2: is so much cheaper. Get a car. Maybe you live
Speaker 2: in the city, you only need one car in the household,
Speaker 2: but if you're single, that entire expense is on you. Groceries,
Speaker 2: cleaning products, everything doubles, and it then makes the pressure
Speaker 2: of going out so much higher because you know you're
Speaker 2: going out. Yes, you're only paying for you, but you've
Speaker 2: got all of these other expenses in the background that
Speaker 2: you're coupled up friends don't have and like you and
Speaker 2: your friend, like one could be on seventy grand and
Speaker 2: the others on seventy grand, but in a couple, their
Speaker 2: disposable income is going to be so much higher. So
Speaker 2: even though you're like, we're on part we earn the
Speaker 2: same amount, you have different commitments and obligations. And I
Speaker 2: think that it needs to be spoken about more. And
Speaker 2: I mean, this is probably a really good time to
Speaker 2: shout out some single queens in our community who are
Speaker 2: doing that that want to share their stories on money diaries.
Speaker 2: I am ready to chat with you, but we also
Speaker 2: do have a lot of single diaries. I think the
Speaker 2: best thing that you can do is use your podcasting app.
Speaker 2: So if you type in single she's on the money
Speaker 2: money diaries, a couple should come up. Because historically, if
Speaker 2: you were looking for them by the name of the episode,
Speaker 2: the SEO on podcasting apps didn't pick up the caption
Speaker 2: or the show notes to explain what that diary is about.
Speaker 2: Now it does, so it's much easier to find our content,
Speaker 2: which we love. But I think that we need to
Speaker 2: talk about more single costs. It's so hard being single,
Speaker 2: and I'm assuming that there are a lot of people
Speaker 2: in our community who are like, look, there's nothing wrong
Speaker 2: with my relationship. I'm not in love anymore, but it's
Speaker 2: not worth leaving, so CBF. I'm living my best life
Speaker 2: right now. I don't, particularly in this economy, want to
Speaker 2: go and get a single apartment, like you know, we've
Speaker 2: fallen into this, like I don't know dance of just
Speaker 2: living together as housemates. I don't really want to change
Speaker 2: right now because it's just too much of an upheaval.
Speaker 2: I have friends in that position, and I just go,
Speaker 2: what's the advice, Beck, you're good at a broke tip.
Speaker 2: You've been single not now though, Yeah, what's that like
Speaker 2: for you?
Speaker 5: That's such a great question. And it's like it's that's
Speaker 5: such a good thing that this person has pointed out
Speaker 5: because I didn't even really notice. But there's something that
Speaker 5: I hold very close to me is that I kind
Speaker 5: of have never ever been a deity person Like I've
Speaker 5: never been like you must be with someone. It's never
Speaker 5: been my life's goal, my life's dream. Before Jess, the
Speaker 5: person i'm dating now, there was nothing before. Nothing I
Speaker 5: didn't care. I'd never thought about I love ever being
Speaker 5: in a relationship because it just like if it comes
Speaker 5: up organically, cool, if not, whatever. But I'm in a
Speaker 5: very different position where I do live in the sharehouse
Speaker 5: and I don't really want to live by myself at
Speaker 5: the moment. I did notice this is a side note.
Speaker 5: I've I started spending way more money when I started dating,
Speaker 5: but that's because she's my princess you want. It is
Speaker 5: such a good point because now that I'm like looking
Speaker 5: at maybe wanting to buy my own apartment one day
Speaker 5: and maybe wanting to live by myself one day, I'm like, oh,
Speaker 5: this is so expensive, but.
Speaker 2: It's astronomical even in your situation where you're like, right now,
Speaker 2: I'm not incurring these costs personally, But like, would living
Speaker 2: on your own be an option for you.
Speaker 5: At the moment? Probably not if I want to stay
Speaker 5: exactly where I am. But if I want to like
Speaker 5: move out a little bit more to cheaper places, absolutely
Speaker 5: I could do that. I just I don't have that
Speaker 5: desire at the moment. But I think, like I would
Speaker 5: always this isn't really even that great advice, but I
Speaker 5: would always put my own personal happiness, make sure all
Speaker 5: my buckets are full in every other way. Maybe you
Speaker 5: have community, maybe you have work, maybe you have friends,
Speaker 5: all these other things. If at the core of myself
Speaker 5: and at the end of every day I feel full
Speaker 5: and happy. I have been broke for so long that
Speaker 5: that doesn't actually bother me as much. But I know
Speaker 5: that we're in a very different position because this person
Speaker 5: who has rang in with their dilemma, I'm sure they're
Speaker 5: probably in a different life stage so they can't really
Speaker 5: rely on like, as long as you're happy, it doesn't matter.
Speaker 5: So I totally understand that, but I think, yeah, just
Speaker 5: nothing's worth you know, your happiness. So if you're like
Speaker 5: getting in a situation where you're dating someone just because
Speaker 5: it's a lot actually cheaper to live, it's probably not
Speaker 5: worth it at the end of the day. I know
Speaker 5: that's not great money.
Speaker 2: Advice, No, no, no, no, but it's real advice. And
Speaker 2: I'm about to ask Jess the same question. Just is
Speaker 2: in a very different situation. She lives with her partner,
Speaker 2: they've got no intention of breaking up. This is a dramatization,
Speaker 2: but like, Jess, what would your life look like if
Speaker 2: you were single right now? Because you have a really
Speaker 2: nice house, you've got you know, a duel income, like
Speaker 2: you've got two cars, all of this like stuff that
Speaker 2: a lot of people go, oh my gosh, like goals.
Speaker 2: But like, if you were to become single financially, what
Speaker 2: do you think that would look like?
Speaker 4: It's hard to picture you because I've been in a
Speaker 4: relation nine years, I think at this point, so well, yeah,
Speaker 4: I've never when I was single, I was living in
Speaker 4: a share house.
Speaker 2: I was in like.
Speaker 4: Iah, that's the same things made me like it's it
Speaker 4: was a very different experience. I think, like, could I
Speaker 4: afford to keep like if worst case there we broke up,
Speaker 4: could I pay all of our rent because we're on
Speaker 4: like a lease, Yes, I could. Like could I continue
Speaker 4: to live my lifestyle? Yes, okay, career, but I think
Speaker 4: like the big thing, thank you, But I think the
Speaker 4: big thing is that exactly what our listener highlighted, I
Speaker 4: would have to make compromises in your lifestyle. So I
Speaker 4: probably would not like I wouldn't be able to invest
Speaker 4: the money that I'm investing because that money would have
Speaker 4: to go towards rent. Ye, I would probably be saving
Speaker 4: significantly less if anything towards my house deposit. I would
Speaker 4: have to cut my discretionary spending, so like, could I
Speaker 4: keep like, could I pay my rent? Could I pay
Speaker 4: my bills? Yes, but at the cost of a lot
Speaker 4: of things, which I think is kind of the point
Speaker 4: that our listener was making.
Speaker 2: To compromise.
Speaker 4: Yeah, like, is it possible to live by yourself? Of
Speaker 4: course it is, but it is a lot harder, and
Speaker 4: I think it would be I would find it really
Speaker 4: hard because I would have to change the goalposts that
Speaker 4: I've had for so long. And I can understand how
Speaker 4: for our listeners, she's saying, oh, well, I'm not investing,
Speaker 4: and that might be something that she's really wanting to
Speaker 4: do because she's motivated and she's read the book and
Speaker 4: she's listened to the show, but she's like, well, where
Speaker 4: do I get the money from? And I think the
Speaker 4: really harsh reality is you may not be able to
Speaker 4: just pull it out of thin air, like as much
Speaker 4: as I want to be able to say, oh my.
Speaker 2: God, baby, actually he's a plan.
Speaker 4: Yeah, Like I genuinely think like if that was me
Speaker 4: in that situation tomorrow, I didn't have a boyfriend anymore
Speaker 4: and I had to sort it out, like that would
Speaker 4: be my reality. It would be, well, I can't do
Speaker 4: the things that I wanted.
Speaker 2: She's a resourceful queen, so we know she would.
Speaker 4: Yeah, like it would look different, and like there are
Speaker 4: lots of like I would say, the biggest thing would
Speaker 4: be to look at increasing your income decreasing your expenditure.
Speaker 4: Obviously we don't know anything about what our listener, you know,
Speaker 4: her personal situation, but like where you can can you
Speaker 4: negotiate a pay rise, can you take on a little
Speaker 4: bit of extra work, like can you get a side
Speaker 4: hustle or a second job or whatever? Can you make
Speaker 4: cuts other things that you're willing to cut or are
Speaker 4: even able to But beyond that, I think, like I
Speaker 4: don't even fully know what to say to be honestly,
Speaker 4: it just it sucks, is what I want to acknowledge.
Speaker 4: Like it just you can't especially in a cost of
Speaker 4: living christ Yeah, like I don't want everything's so much
Speaker 4: more expensive. Yeah, And I don't want to sound tone
Speaker 4: deaf in saying, well, it is what it is. But
Speaker 4: I also I don't necessarily know what advice I have
Speaker 4: to give you other than acknowledging that it's a shit situation.
Speaker 4: And you know, if you can make those cuts and
Speaker 4: adjustments like that'll help a little bit, but like, honestly,
Speaker 4: I just fully recognize that it's so much hard when
Speaker 4: you're single.
Speaker 2: Real and I mean the grass is always greener round
Speaker 2: like your friends that are coupled up that are you know,
Speaker 2: maybe it's like me, right, I am so happily coupled up,
Speaker 2: like I adore my husband, don't want to change it.
Speaker 2: Sometimes I look at my single friend and I'm like,
Speaker 2: it must be nice to go out and do whatever
Speaker 2: you want. Oh it's Wednesday and you're having espresso martinis.
Speaker 2: Can't relate to have a baby, Like we always look
Speaker 2: at different situations with rose colored glasses on. And you
Speaker 2: know what, my friend's probably looking back at me, going
Speaker 2: like I can't wait to find husband and finally have
Speaker 2: a baby. And I think that putting blinkers back on
Speaker 2: when it comes to your budget is really important here. Like,
Speaker 2: I know it's tough, I know it's hard. It is
Speaker 2: going to look significantly different to your coupled up friends
Speaker 2: who are able to share expenses, but that is not
Speaker 2: your reality, So stop comparing yourself to that situation. It's
Speaker 2: like when I say, and I've said this before on
Speaker 2: the podcast, you can't give a budget template to someone
Speaker 2: who earns forty thousand dollars and expect that same budget
Speaker 2: template to work for someone who has a four hundred
Speaker 2: thousand dollar income. Not only are they going to have
Speaker 2: different amounts of cash to disperse, but they could be
Speaker 2: in different situations. Like that forty thousand dollars a year
Speaker 2: income earner could be a single mum who you know
Speaker 2: is just cutting her teeth to get by, and it's
Speaker 2: incredible at this point that she's breaking even every single
Speaker 2: month but can't save it, can't invest. I think we
Speaker 2: need to see it often as a season of life,
Speaker 2: not to say you have to couple up, because like,
Speaker 2: you could be single by choice for the rest of
Speaker 2: your life, and that is an epic outcome if that's
Speaker 2: your choice. But I think we need to put some
Speaker 2: blinkers on and go, well, what resources am I working with?
Speaker 2: How much is coming into my account? What are my
Speaker 2: long term goals? What do I want to achieve? Because
Speaker 2: at the end of the day, every normal person has
Speaker 2: to make compromises in their budget to achieve their goals.
Speaker 2: And we go back to Jess right, and like, I'm
Speaker 2: using you as an example because I think that it
Speaker 2: is a very good example because you know, you would
Speaker 2: be in a position that a lot of people go,
Speaker 2: oh my gosh, I would love to be in Jess's position,
Speaker 2: where I have my house deposits saved, like I've got
Speaker 2: a really nice boyfriend, Like we have two cars in
Speaker 2: the driveway, like everything's okay, we're paying rent. But for
Speaker 2: me to compare that person to you, it's crippling them
Speaker 2: because even with that lifestyle that other people are envious of, Jess,
Speaker 2: there are still things that I know you're making compromises on.
Speaker 4: Yeah, like there are still.
Speaker 2: Things that Jess is like, oh, I'm definitely not able
Speaker 2: to do, you know. And we've had this conversation before.
Speaker 2: You're like, I really love pilates, but I'm not going
Speaker 2: to do two classes a week. I'm going to drop
Speaker 2: back to one because it's just getting expensive. And I'm
Speaker 2: not saying like that's a luxury. It's just an example.
Speaker 2: Don't for two seconds think that I am completely dystopian
Speaker 2: in the type of lifestyles we lead. But even Jess
Speaker 2: is making compromises to live the lifestyle that she wants
Speaker 2: to live, and I mean we all do that, So
Speaker 2: I think it's don't compare yourself to others. Yeah, not
Speaker 2: only are you not on the same journey, but you
Speaker 2: just don't even have the same resources. Like if Jess
Speaker 2: compared herself to me, it's completely different. Again, I also
Speaker 2: have a completely different set of expenses that Jess is
Speaker 2: not incurring. I pay for daycare, I pay for nappies,
Speaker 2: I pay for formula, and just like, oh, they wouldn't
Speaker 2: be in my budget. Yeah, so why are we looking
Speaker 2: at the way that I do things? And I think
Speaker 2: that's why I get so frustrated when I see these
Speaker 2: percentage based budgets recommend it and people go theye, well,
Speaker 2: how much should I be saving? Well, I don't know,
Speaker 2: because I haven't had time to break down your entire
Speaker 2: budget and work out what your non negotiable costs are
Speaker 2: and what discretionary income we have left to play with.
Speaker 2: And that's what we should be talking about, none of
Speaker 2: this like, oh, Jess, you actually need to be saving
Speaker 2: ten percent, because ten percent for someone on four hundred grand,
Speaker 2: that's so much money. Yeah, ten percent for someone who
Speaker 2: is on forty thousand dollars and a single mum mate,
Speaker 2: that's way too much. There's no room in her budget
Speaker 2: to save. So we need to just look at our
Speaker 2: own situations and go, well, with the situation I'm in
Speaker 2: and the resources that are coming in, what is possible
Speaker 2: and what does this look like? And then if you're
Speaker 2: not happy with that, what levers can we trigger to change?
Speaker 2: And what compromise are we making? And it's not something
Speaker 2: you want to hear, right, like no one wants to hear,
Speaker 2: oh beck will actually to achieve the life you want,
Speaker 2: It's actually going to mean compromising, like no one wants that.
Speaker 2: I don't want to hear that. You don't want to
Speaker 2: hear that. But that's the reality of the situation. And
Speaker 2: while it's not that sexy, that's something we can work with, Like,
Speaker 2: that's something we can take and go Okay, well, actually
Speaker 2: that's quite tangible. I'm gonna go do this for me.
Speaker 2: I'm going to create a plan. I'm going to see
Speaker 2: if that works. And if investing is a goal, how
Speaker 2: much do you have? If saving for a holidays a goal,
Speaker 2: what's that going to look like? And there are just
Speaker 2: lots of different levers that we can pull. You want
Speaker 2: to go on a holiday back, great, how much is
Speaker 2: it going to cost? Five grand? Okay, holy moly, how
Speaker 2: long is that going to take you. It might take longer,
Speaker 2: but it doesn't mean we can't achieve the same thing. Yes,
Speaker 2: So I think that's probably where I would go with it.
Speaker 2: And it's back to the blinkers, like, stop comparing yourselves,
Speaker 2: because I've just gone around the table and there are
Speaker 2: very different experiences. But we're in the same company, we're
Speaker 2: in the same group, and still we're not comparable.
Speaker 5: Yes, that's so true. I do would to say one
Speaker 5: last thing, really, really really I love this just in
Speaker 5: case our listener is in this kind of like because
Speaker 5: I feel like societally we are living in a world
Speaker 5: where it is assumed that you're in a couple. Yeah,
Speaker 5: I really really don't like But anyway, that's the story
Speaker 5: for another time. There are so many like assumptions here,
Speaker 5: and one of them is that once you hit a
Speaker 5: certain age, you're no longer allowed to live in a
Speaker 5: sharehouse because it's like I don't know a mate.
Speaker 2: No.
Speaker 5: Basically, just in case our listener has that on their
Speaker 5: radar but is thinking, like, I don't know if I'm
Speaker 5: I don't know, too old or too whatever. I mean,
Speaker 5: if you want your own space, if you want to
Speaker 5: do that, of course, but just in case that's a thought.
Speaker 5: You are never ever too old, especially in this economy.
Speaker 5: A lot of people, a lot of like people who
Speaker 5: once were in relationships or just never have been or
Speaker 5: just never want to be kind of like getting together
Speaker 5: in this beautiful like you can find some really beautiful.
Speaker 2: Friend single back like ever single.
Speaker 5: Yeah, I won't live alone, No, it's it's quite but
Speaker 5: you can also you know, sometimes a friend. Yeah, you've
Speaker 5: made some and you can like find these people like
Speaker 5: very floss or whatever your state's equivalent is. Find people
Speaker 5: that are similar to your age or similar personality or whatever.
Speaker 2: Very terrible housemate, kick him out, kick him out.
Speaker 4: That's a great story.
Speaker 2: Yeah, like my housemate who used to still my underwear. Anyway,
Speaker 2: moving on, we have.
Speaker 4: Another relationship seemed question actually today I'm excited about this one.
Speaker 2: Guys. So we had a DM this week and it
Speaker 2: sounded a lot like this because I'm going to read
Speaker 2: it to you for Baden Becka you readyary. So she's
Speaker 2: on the money. I think my partner has an Amazon addiction.
Speaker 2: He pays for the Prime membership for the free postage,
Speaker 2: so it's his go to whenever he wants to shop.
Speaker 2: Now it's getting to the stage where a package turns
Speaker 2: up every other day. When I bring it up, he
Speaker 2: gets defensive and says, they're all things we need. But
Speaker 2: I think that they're nice to have, and I don't
Speaker 2: think we'd buy them if Amazon wasn't so convenient with
Speaker 2: the postage that he's already paid for. I don't want
Speaker 2: to police his purchases. But all of these costs are
Speaker 2: really adding up, and we've got goals we're meant to
Speaker 2: be saving four Can you please help? Sounds like my house.
Speaker 2: I think if you're my husband at me.
Speaker 5: I think that like if it starts to eat into
Speaker 5: your future goals, so I mean, I guess it would
Speaker 5: be if you're like spending so much money on Amazon
Speaker 5: or whatever. It might be, if you have like future
Speaker 5: goals that you set together and that's really encroaching on that.
Speaker 5: Then it's all about communication, isn't it. Wow, It's key.
Speaker 2: It's like we could just delete this entire segment of
Speaker 2: our podcast ever, replace it with just a quicker reminder
Speaker 2: that communication is key.
Speaker 4: All right, have a good day, guys, exactly.
Speaker 5: But I think if if you're like with me and
Speaker 5: my partner, for example, like our finances aren't tied together.
Speaker 5: So I feel like if I was in a posision where
Speaker 5: I was not yet exactly and who knows.
Speaker 2: But anyway, honestly, I'm at the point where I'm surprised
Speaker 2: they aren't living together yet, Like it's just it's very
Speaker 2: you hold it, but.
Speaker 5: We are very alternative. Actually we will be together.
Speaker 2: Very When she was saying, you know, I might want
Speaker 2: to live by myself at some stages, like really, really
Speaker 2: you do, that's really cute.
Speaker 5: I'm trying so hard not to like live this very
Speaker 5: stereotypical lifestyle.
Speaker 2: It's my favorite thing. Like my best friend is gay
Speaker 2: as well, and whenever she's met someone historically, I'm always like,
Speaker 2: so how long until you move in? And she's like, no,
Speaker 2: it won't happen, won't happen, Like we're not silly, Victoria.
Speaker 2: And then the next week so we signed a lease.
Speaker 1: Really I didn't see that Coming's.
Speaker 5: Gonna be for sure? Yeah, I guess like at this
Speaker 5: point our finances aren't iied together. So if I was
Speaker 5: spending all my money on something that made me happy
Speaker 5: or just like was maybe like an addiction of some kind,
Speaker 5: that is my own problem to deal with. And she
Speaker 5: can like have a little say and like be like, oh,
Speaker 5: I'm noticing your maybe addicted to buying things on Amazon.
Speaker 5: But that's like that's as far as it goes in
Speaker 5: terms of like affecting her and vice versa. So I
Speaker 5: guess if you're at that point, like again like cute communication,
Speaker 5: but if it's not affecting you, ah in your financial goals,
Speaker 5: I guess it still is in an indirect way. Yeah,
Speaker 5: I really feel like that's a very annoying than say,
Speaker 5: but communication is everything.
Speaker 2: Just got argue you also have an Amazon addiction.
Speaker 4: I love Chek, I do Do you pay for Prime?
Speaker 1: Of course?
Speaker 4: Yet me too?
Speaker 2: They just I don't even know. I think it's carry
Speaker 2: a pigeon beck, Like the stuff gets there so quick.
Speaker 4: It's the fact that I ordered something that I did,
Speaker 4: realized I needed very last minute at like eleven o'clock,
Speaker 4: and by eight am the next morning my doors. Really
Speaker 4: it was crazy, who crazy?
Speaker 2: That's actually more efficient than waiting for JB High Fighter
Speaker 2: open and going out and getting it myself there. Like
Speaker 2: so I can empathize, but jess if it was becoming
Speaker 2: a problem, what will be a look at To me?
Speaker 4: It's a very simple solution, and I don't know if
Speaker 4: that means that I'm oversimplifying it. But it's just a
Speaker 4: matter of how much money do you have allocated for
Speaker 4: just verationary spending's going.
Speaker 2: To go with it. I was like, have you done
Speaker 2: a budget? No one wants to hear that anymore, Like
Speaker 2: everyone's over me going budget budget, budget, budget.
Speaker 4: But it's like it's for a reason if you I'm
Speaker 4: assuming they're sharing expenses because she's saying that it's compromising
Speaker 4: their shared goals, in which case I would say that
Speaker 4: when you share expenses, and obviously it's totally up to
Speaker 4: you as a couple how you structure your expenditure, but
Speaker 4: you should each have an allocation from my perspective of
Speaker 4: money that you can spend on whatever you want. So
Speaker 4: like you each get twenty bucks a week or fifty
Speaker 4: bucks a week or whatever fits within.
Speaker 2: Your budget, and that's not questioned.
Speaker 4: Yeah. Literally, it's like you, that's your money. If you
Speaker 4: want to buy a coffee every day, if you want
Speaker 4: to go out for drinks on Friday night, if you
Speaker 4: want to buy ten million things on Amazon, as long
Speaker 4: as it fits within that allocated money, that's your money
Speaker 4: to spend. Anything outside of that then becomes Okay, that
Speaker 4: is a cost that needs to be discussed because you've
Speaker 4: got your money that's allocated for spending, for fun money,
Speaker 4: as Victoria calls it. If you've spent your fun money,
Speaker 4: then it's kind of you need to talk, well, are
Speaker 4: we going to take more money away from our holiday
Speaker 4: fund or whatever it is? To me, it's as simple
Speaker 4: as that. So if you don't have allocated discretionary spending,
Speaker 4: implement it. If you do have it and he's going
Speaker 4: over it, then it's a conversation that needs to be
Speaker 4: had about, Okay, well we set these ground rules or
Speaker 4: these amounts of money that we could spend, and you're
Speaker 4: going over that, and that's compromising other things. So do
Speaker 4: we need to redo our budget or do you need
Speaker 4: to stop pressing ad to cut? And you know that's
Speaker 4: a conversation between you guys.
Speaker 2: But is that like that's quite simple. I know that
Speaker 2: it's probably a bit emotionally charged as well, because you're
Speaker 2: probably seeing all these packages arrive and every single time
Speaker 2: you see them arrive, you're probably getting like, oh another one,
Speaker 2: Like you're getting frustrated with this. So we need to
Speaker 2: probably sit down and do as Jess is recommending, go
Speaker 2: have a look at your budget. What is going on there?
Speaker 2: Is this actually coming out of their fund money? If not,
Speaker 2: what is it coming out of and have you, I
Speaker 2: guess zoomed out and looked at the bigger picture you
Speaker 2: mentioned before my fun money, And I think that it's
Speaker 2: a really good idea to label it that way. I know,
Speaker 2: so like actually's on the money We pay monthly, right,
Speaker 2: So I get my income into my account every month,
Speaker 2: but then I have an autodirect debit transfer that happens
Speaker 2: every single week on a Thursday to my fun money account.
Speaker 2: And I know if I wanted to purchase something on
Speaker 2: Amazon but there was nothing in there, I just put
Speaker 2: it off a bit until I have more fun money.
Speaker 2: And I think that that helps me a lot because
Speaker 2: I know it's a consistent, Like I know that every
Speaker 2: single week I have that amount that I can spend
Speaker 2: money on and it's not eating into our bigger goals.
Speaker 2: It would be a bigger conversation for Steve and I
Speaker 2: if it was and I was moving money from different
Speaker 2: places to make these purchases. But for me, I'm like, oh,
Speaker 2: I spent it all, Okay, I wait to next Thursday.
Speaker 2: I'm still going to order it like it's still happening.
Speaker 2: But I'm allowed to do that because that's within our
Speaker 2: budgeting like parameters, I suppose, So is it within that?
Speaker 2: If not, how are you going to manage for that?
Speaker 2: If you feel like you're not on the same page
Speaker 2: about budgeting and spending and all of these purchases, I
Speaker 2: would argue that bringing up his Amazon purchases as the
Speaker 2: main point of the conversation isn't a good idea. I'd
Speaker 2: actually go, Hey, I'm feeling a little bit in disarray.
Speaker 2: I'd really love to do a refresh, like let's just
Speaker 2: do a brand new budget, start from scrap should we
Speaker 2: can go through all of our expenses and that way, one,
Speaker 2: you're doing a really nice financial health check on your
Speaker 2: own financial health. But you're also able to bring this
Speaker 2: up as a really small part of a bigger conversation
Speaker 2: about where as a couple you're heading. Because it can
Speaker 2: be quite confrontational. I know that if I went to
Speaker 2: Jess and said, Jess, you're spending too much on Amazon,
Speaker 2: she'd be like, what, No, I'm not. You spend so
Speaker 2: much on drinks, and you know, you go out with
Speaker 2: your friends and you're always paying for coffee she might
Speaker 2: be right, like she might be spending her fun money
Speaker 2: and mine just looks different. But because I don't have
Speaker 2: anything physical that I bring homese is so much more
Speaker 2: visible than mine. So I think we need to just
Speaker 2: zoom out a bit, have a look at the big picture, communicate,
Speaker 2: and do a budget. That's usually what gets everyone back
Speaker 2: on the same page. And then if you identify that
Speaker 2: that is an issue that is eating into your goals,
Speaker 2: then we can have a conversation about what that looks
Speaker 2: like and how maybe we could change that or maybe
Speaker 2: setting limits. Because at the end of the day, I
Speaker 2: think we need to enjoy the journey, like we need
Speaker 2: to be enjoying life at the same time as working
Speaker 2: towards financial freedom. I mean, don't get me wrong, the
Speaker 2: fire community financial independence retire early, they wouldn't have this,
Speaker 2: But I think that to be on the best page.
Speaker 2: Guess what I'm going to say.
Speaker 4: Communication, Oh yeah, that a part, a really healthy part
Speaker 4: of communication is clarity, right, and to give yourself clarity.
Speaker 2: Conversation tools and communication tools do look like budgets and
Speaker 2: things that you can bring to the table that are structured,
Speaker 2: so these conversations aren't as emotional they're not, Jess, I
Speaker 2: feel like you're spending too much. They are. Hey, I
Speaker 2: can see from the budget that we are overspending in
Speaker 2: this area. How can we strip that back? And then
Speaker 2: it can be an open conversation where no one feels
Speaker 2: like they're being attacked, because the second you start attacking someone,
Speaker 2: especially about money, they're going to shut down and never
Speaker 2: want to talk to you again. I don't want to
Speaker 2: talk about money if you're going to make me feel
Speaker 2: bad about it. That's not for me. Thanks, though, I'd
Speaker 2: actually prefer to go back into debt.
Speaker 5: Yeah. What did the community have to say?
Speaker 2: So we did, as always ask the community. First question
Speaker 2: we asked was should both partners agree on a purchase
Speaker 2: if it is not considered to be necessary. Forty six
Speaker 2: percent of you said yes, Agreement is key in relationships.
Speaker 2: Fifty four percent of you said no. Each person can
Speaker 2: decide for themselves. Do you discuss unnecessary purchases or are
Speaker 2: you like me and you just have fun money? And
Speaker 2: if it's above and beyond fun money, we have to
Speaker 2: discuss it.
Speaker 4: We don't share funds, so it's a household purchase.
Speaker 2: What if you're going to buy a TV like New
Speaker 2: TV for the launde room.
Speaker 4: Yeah, if we were going to buy like a big
Speaker 4: piece of furniture or something, that would be a conversation
Speaker 4: for sure, probably aesthetics.
Speaker 5: I would imagine you're probably like.
Speaker 4: Yeah, I'm like I'm probably wanting the more expensive, pretty
Speaker 4: item and he's like the fifty dollars whatever is fine
Speaker 4: if you're here, I mean, sit down, sit down, sir.
Speaker 4: You don't get it. There's a conversation to be had there.
Speaker 2: But is there a limit? Do you reckon? Like do
Speaker 2: we need to discuss a fifty dollar purchase?
Speaker 4: It's hard to take because for us, the only things
Speaker 4: that we share expenses for are like Bill's groceries, rent, Yeah,
Speaker 4: pretty much. I think like anything to me, yeah, kind
Speaker 4: of anything over fifty bucks feels expensive, especially if it's out,
Speaker 4: Like if I had to buy laundry detergent pods, which
Speaker 4: are like sixty dollars or safee.
Speaker 2: I got a bug in the other date reject shop though,
Speaker 2: came down to like thirty cents a pod.
Speaker 4: You're welcome love the reatar shop. You mean, so like
Speaker 4: if it was something like that that, like, yes, it's
Speaker 4: technically over the fifty dollar limit, but like we need it,
Speaker 4: then no. But if it was, Oh, I want to
Speaker 4: buy us a sixty dollar vase from shared funds. Not
Speaker 4: that that's something we would spend shared funds on, but
Speaker 4: if that was the case, then yeah, that would be
Speaker 4: a conversation for us.
Speaker 2: I feel like I still are and I don't know
Speaker 2: if this is a bad thing or not, but when
Speaker 2: I want to make a big purchase, I still ask Steve,
Speaker 2: even though it's my own money, because I kind of
Speaker 2: want validation fair. I'm like, oh, so I'm thinking about
Speaker 2: buying this coat. It's kind of expensive. Do you think
Speaker 2: it's cute? Do you think I'm going to get were?
Speaker 2: I'm not really asking him if I can buy it.
Speaker 2: I'm kind of like discussing the purchase. It's yeah, I'm like,
Speaker 2: do you like it? He's the worst friend when it
Speaker 2: comes to fashion. No bare, He's like, no, yeah, if
Speaker 2: you feel good in it, you should get it. So
Speaker 2: that's not what I'm asking. That is not what I'm asking.
Speaker 2: He's like, is it a trap? Like every time I
Speaker 2: do I look good? He's like, this is a trap?
Speaker 4: Like the answer is always the answer.
Speaker 2: Is always yes, Like it's not a trap. You should
Speaker 2: have learnt by Now, next question that we asked the community,
Speaker 2: We said, is it okay to set spending limits for
Speaker 2: your partner if you're worried about their online shopping habits?
Speaker 2: Sixty four percent of you said yes, it's reasonable budgeting,
Speaker 2: and thirty six percent of you said no, that's true controlling.
Speaker 4: I think for me it's the free like you have
Speaker 4: to set it together. Like I don't think I could
Speaker 4: turn around and say to my partner you can only
Speaker 4: spend one hundred dollars a week.
Speaker 2: I'm not your mum exactly.
Speaker 4: Like I think you should come to that decision together
Speaker 4: about your shared expenses.
Speaker 2: Yeah, and I think again, get this, this is gonna
Speaker 2: really blow your minds. Actually comes back to your budget.
Speaker 2: So like you will have worked out all of your
Speaker 2: non negotiable costs, those things that we can't avoid. Then
Speaker 2: we're going to see what discretionary cash we have available
Speaker 2: to allocate. We're going to set our savings and investments,
Speaker 2: and then from there we're going to have some cash
Speaker 2: left over to play with once that's allocated. I'm not saying, Jess,
Speaker 2: you can only spend that. I'm saying to achieve everything
Speaker 2: that we're achieving. This is the amount allocated each month
Speaker 2: for us to play with, and if you want to
Speaker 2: earn more, we need to go back to the drawing board.
Speaker 2: Either reshuffle the budget to make a little bit more
Speaker 2: wiggle room, or look at things like increasing our income
Speaker 2: or moving to a different location or everything. Unfortunately is
Speaker 2: about compromise because we can't just have our cake and
Speaker 2: eat it too, And like that's sad but true. We did,
Speaker 2: as always, asked the community for their two cents, and
Speaker 2: we had a couple of really good comments. So someone said,
Speaker 2: sounds like they need discretionary spending limits. Each can spend
Speaker 2: x amount per week without asking permission. Feel like that's
Speaker 2: a great place to start. Someone else said, my partner
Speaker 2: didn't tell me I couldn't purchase things, but helped me
Speaker 2: see it wasn't worth it. And I'm actually really glad
Speaker 2: that's nice. Someone else said, I too, am the Amazon
Speaker 2: addict in the situation, so I'm just here for the
Speaker 2: advice police. I love that someone else said, create a
Speaker 2: spreadsheet just for him to record the amount of value
Speaker 2: in each month. It might help to be able to
Speaker 2: see the bigger picture. I think that's a pretty good one.
Speaker 2: But again, I feel like i'd be pretty pissed off
Speaker 2: if you did that to me, like being honest, if
Speaker 2: somebody sat me down, if my husband sat me down
Speaker 2: and said, I think that your online spending is a
Speaker 2: little bit much. So I've created a spreadshee enough documented
Speaker 2: all the costs, so I'd be like, Okay, there's no
Speaker 2: other way for me to feel except for attacked here.
Speaker 2: So I feel like again, going back to the bigger
Speaker 2: picture is more constructive. But if it works for you,
Speaker 2: give it a crack. Someone else said, you can offer
Speaker 2: an opinion, but you can't control what someone else chooses
Speaker 2: to spend their money on, which I think is really
Speaker 2: important as well. True we said just before, Jess, we're
Speaker 2: not your parents, like You're in a relationship, and a
Speaker 2: relationship is give and take, and it's about equal contribution.
Speaker 2: So I think it's important to remember that. Someone else said,
Speaker 2: imagine what we would say if a husband tried to
Speaker 2: control his wife's spending totally.
Speaker 4: You know it's not for the gender lens on it,
Speaker 4: but you know it goes both ways.
Speaker 2: And then we'll leave you with one last one. Someone
Speaker 2: else said, is he still contributing to what was agreed
Speaker 2: to for the joint goals? If so, it's then his
Speaker 2: money to spend. Yeah, so I feel like that's fair
Speaker 2: just because you don't see value in the things he
Speaker 2: sees value in. Maybe that's a bigger conversation. But again,
Speaker 2: just do a budget. Start from scrappy. It's crazy. I
Speaker 2: get this. There's actually an entirely free one on my website.
Speaker 2: You can download it for free. I made it, so
Speaker 2: you know.
Speaker 4: It's going to be good.
Speaker 2: It's truly good.
Speaker 4: Yeah.
Speaker 2: There's lots of stuff on the resources page too. Just
Speaker 2: a little shout out to that web page because everybody
Speaker 2: dms us and says where do I get those savings hacks?
Speaker 2: All those savings goals? They're just on our website. You
Speaker 2: can download them, you can print them, you can frame them,
Speaker 2: you can do whatever you want with them. You can
Speaker 2: hand them out at work, you can put it on
Speaker 2: your fridge. I don't care what you do with them,
Speaker 2: as long as you're saving money. So with that, let's
Speaker 2: leave it. Have a good week, guys, and we will
Speaker 2: see you bright and early on Monday for a money diary. Bye, guys. Bye.
Speaker 2: The advice shared on Shees on the Money is general
Speaker 2: in nature and does not consider your individual circumstances. She's
Speaker 2: on the Money exists purely for educational purposes and should
Speaker 2: not be relied upon to make an in s men
Speaker 2: or financial decision. If you do choose to buy a financial.
Speaker 7: Product, read the PDS TMD and obtain appropriate financial.
Speaker 2: Advice tailored towards your needs.
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