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MONEY DIARIES: A Life Transformed In 2 Short Years · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
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Speaker 1: the storytelling of you to make a difference for today
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Speaker 1: and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
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Speaker 3: She's on the Money, She's on the Money.
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Speaker 4: Hello, and welcome to She on the Money, the podcast
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Speaker 4: a millennials who want financial freedom. Welcome back to another
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Speaker 4: one of our money diaries where I get the absolute
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Speaker 4: pleasure to talk with one of our incredible She's on
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Speaker 4: the Money community members all about their journey. Before I
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Speaker 4: read out my email, I just want to give you
1:14
Speaker 4: guys a little bit of a content warning. Today's Money
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Speaker 4: Diary discusses suicide in this episode, and if this is
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Speaker 4: something that you would like to give a bit of
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Speaker 4: a skip to feel free.
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Speaker 2: We have a plethora of other.
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Speaker 4: Money diaries you can go and listen to, but for
1:28
Speaker 4: those of you who are going to stick along, be
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Speaker 4: aware that that is the topic that we are discussing today.
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Speaker 4: So the email it went like this, Hi, She's on
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Speaker 4: the Money. Two years ago, my ex and I split
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Speaker 4: up and then he ended his life. As you can imagine,
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Speaker 4: this turned everything upside down for me. I had to
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Speaker 4: stop working and I had no money. But now in
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Speaker 4: two short years, I'm a homeowner, I'm engaged, and I
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Speaker 4: have a baby on the way. I'd love to share
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Speaker 4: my story with the community Money diarist. That sounds like
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Speaker 4: an absolute rollercoaster.
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Speaker 2: How are you?
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Speaker 5: Yeah, definitely a lot better now, but it was definitely
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Speaker 5: a crazy time in my life and it's taken a
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Speaker 5: lot to get where I am now. But wouldn't be
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Speaker 5: here without the help of She's on the Money podcast,
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Speaker 5: to be honest, it's helped me so much.
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Speaker 2: Oh that's so sweet.
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Speaker 4: But also you've got to do a whole heap of
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Speaker 4: work to have gotten through that, like on your own.
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Speaker 4: That's actually crazy to have gone through that and then
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Speaker 4: be kind of on the flip side and kind of
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Speaker 4: be at the side of things where the light is
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Speaker 4: actually at the end of the tunnel, and just offline,
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Speaker 4: I was talking to you about being pregnant. You seem
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Speaker 4: so glowy and happy about that, and that just makes
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Speaker 4: my soul like so so happy for you. Let's dive
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Speaker 4: it straight in money, darist, what grade would you give
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Speaker 4: your money habits? If I asked you to give your
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Speaker 4: money habits a grade from A through to.
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Speaker 6: F, I think I'd be sitting on about a B
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Speaker 6: at the moment.
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Speaker 2: I'd be that's not bad.
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Speaker 4: My favorite question of all time, money Darrest, Can you
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Speaker 4: tell me a little bit more about your money story?
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Speaker 5: Yeah, So, I sickly left school in year ten. I
3:02
Speaker 5: went to tafe for a few years and did a
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Speaker 5: couple odd jobs for a few years, pretty much living
3:08
Speaker 5: just paycheck to paycheck, as you kind of do when
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Speaker 5: you first go out into the world and start working.
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Speaker 5: I realized quite quickly that that wasn't really the lifestyle
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Speaker 5: I wanted, so I did a quick Google search of
3:19
Speaker 5: what was a really high paying job that you could
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Speaker 5: do from home?
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Speaker 6: Because I knew I wanted to have a family eventually.
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Speaker 2: I love that this is what led.
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Speaker 6: Me to the accounts industry.
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Speaker 5: So I started my tafe to do my search foreign
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Speaker 5: accounts then and then quickly got into the industry in
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Speaker 5: just an entry level job. That job was alright, but
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Speaker 5: I was quite undervalued and underpaid there unfortunately, so I
3:42
Speaker 5: quickly job hopped to a few other accounts jobs. This
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Speaker 5: was mainly working for civil construction companies, so that was
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Speaker 5: just doing all the book work internally and all budgets
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Speaker 5: and things like that, which led me to be on
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Speaker 5: better pays, which was great, which could help me start
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Speaker 5: to save.
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Speaker 6: This time is when I got with my ex partner.
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Speaker 5: We were together for about four years, and we tried
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Speaker 5: really hard to say for a house, and tried to
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Speaker 5: do what we could.
4:12
Speaker 2: How did you guys meet?
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Speaker 5: We actually met through work, we were actually working together,
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Speaker 5: and then just kind of fell in and then COVID hit,
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Speaker 5: and funny enough, it just got to the point where
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Speaker 5: it's like, well, if we can't see each other, we
4:23
Speaker 5: may as well live together. So it was kind of
4:25
Speaker 5: like either move in or don't see each other because
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Speaker 5: of lockdowns and everything.
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Speaker 6: So it was very fast.
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Speaker 2: I feel like everyone did that right.
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Speaker 4: Everyone was either like, all right, so we either end
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Speaker 4: it here or we move in.
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Speaker 2: There's no in between.
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Speaker 4: I feel like so many of my girlfriends did that,
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Speaker 4: and it worked out for some and it didn't work
4:41
Speaker 4: out for others. But I feel like we had our
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Speaker 4: hands forced really.
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Speaker 5: Yeah, one hundred percent, But it definitely worked out. We
4:47
Speaker 5: were very happy for those four years. The thing was,
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Speaker 5: unfortunately we had a little bit of trouble with money
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Speaker 5: because our kind of long term personal goals and goals
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Speaker 5: together just stopped aligning, which unfortunately affected our money goals together.
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Speaker 5: So instead of wanting to kind of save long term
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Speaker 5: like me, my partner was a bit more Okay, we've
5:12
Speaker 5: got money, let's kind of spend it, which caused some issues.
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Speaker 4: Yeah, there's always one spender and one say that in
5:19
Speaker 4: a relationship. I find someone's always got to be a
5:21
Speaker 4: little bit spendy.
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Speaker 6: Yeah.
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Speaker 5: It was getting to the point where I was really
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Speaker 5: struggling because I really wanted to buy a house. I
5:27
Speaker 5: was set on it for so long, and it was
5:29
Speaker 5: just becoming a little bit impossible. And then we ended
5:32
Speaker 5: up having that conversation of does our future kind of
5:35
Speaker 5: aligne are we still going in the same direction together?
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Speaker 5: And it's basically when we kind of realized that, Okay,
5:41
Speaker 5: where we're planning to go in the future is not
5:43
Speaker 5: really you lining up anymore.
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Speaker 6: So as much as we still got.
5:46
Speaker 5: Along and whatnot, we just decided to go our own
5:49
Speaker 5: separate ways to try and focus on our own goals.
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Speaker 2: Yeah.
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Speaker 4: Fair, And that's such a stressful period of time as well,
5:54
Speaker 4: especially because you lived together, so you've got to kind
5:56
Speaker 4: of like wind all of that up and move out.
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Speaker 4: How did that process go?
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Speaker 6: Yeah, so that was actually quite tricky.
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Speaker 5: So like basically the money that we did manage to
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Speaker 5: save together we had to split down the middle.
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Speaker 6: We had to split up our pets, which was hard
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Speaker 6: as well.
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Speaker 5: Oh no, Yeah, so it's like basically everything got split,
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Speaker 5: and then the money that we did save both ended
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Speaker 5: up going into deposits for rental properties, getting more furniture
6:21
Speaker 5: because everything got split.
6:22
Speaker 6: So basically the.
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Speaker 5: Savings that we did have pretty much dwindled to nothing
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Speaker 5: after the split anyway, which was really hard.
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Speaker 4: I feel like that happens all the time. That's crazy.
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Speaker 4: And then what happened next? Did you end up being
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Speaker 4: able to settle down and start saving again after you
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Speaker 4: set yourself up?
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Speaker 6: It was kind of really only a small window.
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Speaker 5: Basically I moved out and I moved into a new house,
6:43
Speaker 5: and then we were still hanging out, like he was
6:46
Speaker 5: coming over probably two or three times a week and
6:48
Speaker 5: bringing the other animal over so the animals could have.
6:51
Speaker 6: Play dates and stuff.
6:52
Speaker 2: Cute.
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Speaker 5: Yeah, and then yeah, basically, probably about four weeks after
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Speaker 5: I moved into my house, unfortunately, decided to take his life,
7:02
Speaker 5: which was really difficult.
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Speaker 2: I'm so sorry. That is literally one of the worst
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Speaker 2: things that you can go through. Ever. Is that something
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Speaker 2: that you saw coming.
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Speaker 5: You did have depression and anxiety for a lot of
7:15
Speaker 5: years and was on medicine stuff, and it was something
7:17
Speaker 5: that he dealt with day in, day out, and he
7:20
Speaker 5: tried his best to stay on top of it. But yeah,
7:23
Speaker 5: it was definitely a shock and it definitely rocked me.
7:26
Speaker 5: In his family and everyone close to him can't say
7:29
Speaker 5: it was expected, but yeah, so that kind of sent
7:33
Speaker 5: my life into a spiral. So the money that I
7:36
Speaker 5: did have pretty much all got spent because I pretty
7:39
Speaker 5: much wasn't able to go to work anymore.
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Speaker 4: Of course, not that would have sent you for six
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Speaker 4: It would have been so all consuming and overwhelming. And
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Speaker 4: I can't say that I can empathize with that situation
7:50
Speaker 4: because thankfully I haven't been in it. But my god
7:52
Speaker 4: like I can't even begin to imagine how much that
7:55
Speaker 4: would essentially throw you completely out of whack with what's
7:59
Speaker 4: normal and what going on like that would be horrific.
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Speaker 5: For a couple months, it was just learning to function
8:07
Speaker 5: day to day again, Like it just felt like all
8:09
Speaker 5: I did was sleep, watch TV, and like shower. That
8:13
Speaker 5: was like literally my existence for a long time, trying
8:16
Speaker 5: to find my feet again, just trying to function day
8:18
Speaker 5: to day. It was really difficult, but slowly I knew
8:22
Speaker 5: I needed to go back to work. Got to the
8:24
Speaker 5: point where I couldn't afford my rent and I was
8:26
Speaker 5: asking my mom to help me out just so I
8:27
Speaker 5: wouldn't lose my house.
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Speaker 2: Yeah wow.
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Speaker 5: And then I also built up a bit of a
8:32
Speaker 5: debt with zip pay just to try and pay for
8:35
Speaker 5: groceries and just the essentials to get by, just because
8:39
Speaker 5: I wasn't working and I was trying to get by
8:41
Speaker 5: without a wage coming in.
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Speaker 4: Yeah, of course, And that's like added stress, Like you're
8:47
Speaker 4: already stressed, You're already overwhelmed, and then money troubles get
8:50
Speaker 4: put on top of that. Of course, you ended up
8:52
Speaker 4: with a Zippay debt, Like, of course you ended up
8:54
Speaker 4: overwhelmed and having to ask people for money, like that's
8:57
Speaker 4: so unfair.
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Speaker 2: It feels like one thing after an Yeah, which.
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Speaker 5: Definitely sent things into a bit of a downread spiral.
9:04
Speaker 5: So I was struggling quite a lot trying to find
9:06
Speaker 5: my feet again. So I started going back to work
9:08
Speaker 5: a couple of hours a day just to try and
9:10
Speaker 5: get a bit of money coming in again, just so
9:12
Speaker 5: I could try and figure it out and try and
9:14
Speaker 5: get on top of things.
9:15
Speaker 6: And I remember I was having.
9:17
Speaker 5: Probably the worst week I had had unfortunately with losing someone.
9:22
Speaker 5: After you have your funeral and everything else, the check
9:25
Speaker 5: ins kind of stop a lot, and.
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Speaker 6: People don't talk about that a whole heap.
9:30
Speaker 5: So I found a kind of after that kind of
9:33
Speaker 5: period was when I really struggled, and I wasn't really
9:36
Speaker 5: getting much check in from many people besides like my
9:39
Speaker 5: immediate family.
9:40
Speaker 4: Yeah, that's something that is so important. I feel like
9:43
Speaker 4: so many people they make you lasagn years and they
9:45
Speaker 4: bring dinner over in the first week, and they're checking
9:48
Speaker 4: in and asking if you're okay, and you know, it's
9:50
Speaker 4: all tumultuous, and then there's the funeral and maybe awake,
9:54
Speaker 4: and then you know, the week after people are asking
9:56
Speaker 4: how you are, and then all of a sudden it
9:58
Speaker 4: dries up and then you're on your and that is,
10:02
Speaker 4: I would say, one of the hardest parts. And that
10:04
Speaker 4: happens a lot, like you don't need I don't know
10:08
Speaker 4: if you're the same, but one of my girlfriends went
10:10
Speaker 4: through this and she's like, I just don't.
10:11
Speaker 2: Need another lasagna.
10:12
Speaker 4: I just need someone to call me and ask me
10:14
Speaker 4: to come out for a walk or go for a coffee.
10:16
Speaker 4: The month after. I don't, you know, need the dinners.
10:19
Speaker 4: She's like, I can't even eat at the moment, but
10:20
Speaker 4: I do want the walk. And it's so important to
10:23
Speaker 4: just be that friend that's there, you know, pest your
10:25
Speaker 4: friends in those situations, ask them consistently. I feel like
10:29
Speaker 4: so many times we assume, oh my gosh, maybe they
10:31
Speaker 4: want some space, and they'll let you know if they
10:33
Speaker 4: want space.
10:34
Speaker 5: Right, Yeah, I can one hundred percent agree with all
10:37
Speaker 5: of that.
10:38
Speaker 6: That is all one hundred percent true. Yeah.
10:40
Speaker 5: So I was kind of at that point where I
10:42
Speaker 5: was probably having the worst week I had had. I
10:45
Speaker 5: got to the point where I literally hadn't showered in
10:49
Speaker 5: three days and I was just sat on the couch.
10:51
Speaker 5: I was ready to give up my dog because I
10:54
Speaker 5: just felt like I wasn't taking care of her properly,
10:56
Speaker 5: which was really difficult, Like I love my dog so much.
11:00
Speaker 6: That's when I knew something was kind of not really okay.
11:04
Speaker 5: And then it just so happened that I had some
11:06
Speaker 5: trades have to come to the house to install an
11:10
Speaker 5: air con in the unit that I was in, and
11:13
Speaker 5: the person I had been dating back in year seven
11:17
Speaker 5: well through my front door to install an air con
11:20
Speaker 5: when I was sitting on my couch in my pajamas,
11:23
Speaker 5: hadn't showered for three days and just not in a
11:26
Speaker 5: good state at all.
11:28
Speaker 4: No, and You're like, I don't even want trades here,
11:30
Speaker 4: but get it done. I need the air con one
11:33
Speaker 4: hundred percent.
11:33
Speaker 5: And then for it to be someone I knew that
11:35
Speaker 5: walked through that door, it was quite hard to deal
11:37
Speaker 5: with and it was very confronting, but he had been
11:40
Speaker 5: someone who had actually checked in on me a couple
11:42
Speaker 5: times and sent a couple of messages to see how
11:45
Speaker 5: I was tracking and if I was okay. So he
11:47
Speaker 5: came in and kind of just sat on the floor
11:49
Speaker 5: and had a good talk to me and said, like
11:51
Speaker 5: if I need anything that He actually just lived.
11:53
Speaker 2: Up the road so oh, that's so sweet.
11:55
Speaker 5: If I just wanted some company or to get out
11:57
Speaker 5: of the house, that I could go down and see,
12:00
Speaker 5: which was great. From there, we ended up hanging out
12:03
Speaker 5: a little bit and I got back into a bit
12:06
Speaker 5: more of a routine with work, which was fantastic and
12:09
Speaker 5: kind of From there, me and the guy had actually
12:13
Speaker 5: dated in primary school. We ended up forming a close
12:16
Speaker 5: connection and ended up being in a relationship.
12:19
Speaker 4: From there, Oh my gosh, how cute is that. I
12:21
Speaker 4: don't know about you, but I'm a little bit hippie
12:23
Speaker 4: dippy like I do believe that things happen for a reason,
12:26
Speaker 4: and I feel like he was meant to walk through
12:28
Speaker 4: the door, and that there was a reason he came
12:30
Speaker 4: into your life at the time that you clearly needed him.
12:33
Speaker 6: Yep.
12:34
Speaker 5: And my mom says the exact same thing, because I
12:36
Speaker 5: remember I struggled for a little bit thinking about it
12:40
Speaker 5: being in another relationship again, and I remember crying to
12:43
Speaker 5: my mum saying I was stressed about it, and she
12:46
Speaker 5: said that you know, things and people come into your
12:48
Speaker 5: life when they do to try and help you and
12:50
Speaker 5: to heal you. And I couldn't agree with that more.
12:53
Speaker 5: That was exactly what I needed.
12:54
Speaker 2: Yeah, it gives me groop bumps.
12:56
Speaker 4: I'm like, ah, like it was meant to be, Like
12:58
Speaker 4: it's really really beautiful. Feel like there's someone on the
13:01
Speaker 4: other side going like, this is meant to happen for you,
13:04
Speaker 4: and it's meant to be you know, the right situation
13:07
Speaker 4: at the right time, and clearly you needed it.
13:09
Speaker 2: So I adore that so much. So tell me more,
13:11
Speaker 2: what's life like now?
13:13
Speaker 5: Yeah, So once we kind of got together, things started
13:17
Speaker 5: to go forward for me really well, and I got
13:19
Speaker 5: back into my studies.
13:20
Speaker 6: So I ended up finishing my Diploma of accounts.
13:24
Speaker 2: Oh congrats, queen, How good is that?
13:27
Speaker 6: Thanks? Yeah, really good.
13:28
Speaker 5: So that was very exciting and it kind of gag
13:30
Speaker 5: me that motivation to keep going with my career and
13:33
Speaker 5: kind of get back on track again.
13:35
Speaker 6: And then I went to a new job.
13:37
Speaker 5: Within the first six months, I was able to get
13:39
Speaker 5: three pay rises.
13:40
Speaker 2: Of course, you were, oh, my gosh, how good is that?
13:44
Speaker 5: Yeah, it was pretty insane that We're just very happy
13:47
Speaker 5: with the work I was able to produce and within
13:50
Speaker 5: the timeframe that I'd been there and learning the business
13:53
Speaker 5: and stuff. So yeah, that made a huge difference to
13:55
Speaker 5: my financial situation.
13:56
Speaker 4: Yeah, of course, and it would feel good as well
13:59
Speaker 4: to go like, actually, do have this. I am on
14:01
Speaker 4: the right track, I'm doing really well.
14:03
Speaker 6: Yeah.
14:04
Speaker 5: So then that's when I kind of started picking back
14:06
Speaker 5: up on listening to Cheese on the Money again and
14:09
Speaker 5: taking in the content.
14:10
Speaker 6: And then that's when.
14:11
Speaker 5: I paid down all my zip pay debt and got
14:14
Speaker 5: rid of that one, and yeah, just started trying to
14:17
Speaker 5: budget better and get on track, just so I wouldn't
14:19
Speaker 5: end up in the situation that I was in before
14:22
Speaker 5: where I just had no money and couldn't function. So
14:24
Speaker 5: I started building up an emergency fund all of the things.
14:28
Speaker 4: Yeah, Oh my gosh, I feel like I'm just so
14:30
Speaker 4: proud of you, even though we've never met, that you're
14:32
Speaker 4: back on track and you're back listening to the pod.
14:35
Speaker 2: So welcome back, friend. We always love having you here.
14:38
Speaker 2: But where are you now? I feel like there's so
14:41
Speaker 2: much that has changed. And in your story you said
14:44
Speaker 2: I'm now engaged. When did you get engaged? That's so exciting.
14:48
Speaker 6: About a month ago? Roughly?
14:50
Speaker 2: Oh my gosh, so like super super fresh.
14:52
Speaker 6: Super fresh, very fresh.
14:54
Speaker 2: Oh my gosh, that is literally the best.
14:56
Speaker 4: And you have a baby on the way. I can't
14:58
Speaker 4: think of a better combo. Are you living on a
15:01
Speaker 4: high right now? Because I feel like I would be yes.
15:04
Speaker 6: Very much on a high.
15:05
Speaker 5: And then we've just moved into our first family home
15:08
Speaker 5: together as well, and I also passed my business diploma,
15:12
Speaker 5: so it's all happening in the past couple of months.
15:14
Speaker 6: Who are you?
15:16
Speaker 2: She's a queen. I love this so much. Oh my gosh.
15:20
Speaker 4: So life is definitely looking up, and it's not looking
15:23
Speaker 4: a lot like it used to.
15:24
Speaker 6: Yes, one hundred percent.
15:26
Speaker 5: And that's what I can't reiterate enough, Like, there's definitely
15:29
Speaker 5: tough times, and you can fall into a pit and
15:31
Speaker 5: things can be horrible, but you've got things to look
15:34
Speaker 5: forward to as well. Lack can change so fast and
15:38
Speaker 5: you're just gotta stick it out sometimes and get through
15:40
Speaker 5: that tough bit and then there's always things to look
15:43
Speaker 5: forward to.
15:44
Speaker 4: Yeah, I feel like you've got to go through the
15:46
Speaker 4: hard times to really really appreciate the good times too.
15:50
Speaker 4: But if we step back a little bit, because I
15:51
Speaker 4: feel like some of these things, unfortunately could happen to
15:55
Speaker 4: other people in our community. When you were sitting on
15:58
Speaker 4: the couch and you hadn't showered for three and you
16:00
Speaker 4: were just essentially a mess. Would you have believed someone
16:05
Speaker 4: if they'd sat you down and said, look, money, dice,
16:07
Speaker 4: this is what life is going to look like in
16:09
Speaker 4: just two short years.
16:11
Speaker 5: No, no, wait, I would have said they were lying
16:14
Speaker 5: through every inch of their body, Like, there's no way
16:17
Speaker 5: I would have believed any of it.
16:19
Speaker 4: And I feel like that's the best part, right, Like,
16:21
Speaker 4: I feel like so many of us we go through
16:23
Speaker 4: dark times and you just think this is never gonna
16:26
Speaker 4: get better, this is never gonna change. And don't get
16:28
Speaker 4: me wrong, I don't think someone in a really dark
16:31
Speaker 4: situation can just jump up off the couch and.
16:33
Speaker 2: Be like, it's gonna get better. This is the best part.
16:35
Speaker 4: But I think sometimes we have to embrace the terrible
16:38
Speaker 4: parts to go through that to come out the other
16:41
Speaker 4: side and go Actually, you can't have the sunshine without
16:44
Speaker 4: a little bit of rain, yep, And it.
16:46
Speaker 5: Gives you a massive appreciation for those good things as well,
16:50
Speaker 5: Like the good things just feel a thousand times better now.
16:53
Speaker 4: I love that so much. All right, I've got so
16:55
Speaker 4: many questions for you. Can we dive into more questions? Yes,
16:58
Speaker 4: of course, I love it all right. So you mentioned
17:00
Speaker 4: you'd graduated and you passed your diploma. So I want
17:03
Speaker 4: to know what do you currently do for work and
17:05
Speaker 4: how much money do you earn?
17:07
Speaker 5: So I do accounts for a relining business and I
17:11
Speaker 5: earn about ninety k a year currently.
17:13
Speaker 2: Oh, very nice.
17:15
Speaker 4: Ninety k year plus or including Super without Super.
17:19
Speaker 2: So you've got Super on top of that. That is
17:21
Speaker 2: very very sexy.
17:23
Speaker 4: And can we just remind people that you're on ninety
17:26
Speaker 4: plus Super and you didn't finish year eleven and twelve.
17:29
Speaker 2: You dropped out in year ten?
17:30
Speaker 6: Correct?
17:31
Speaker 2: That is so slay.
17:33
Speaker 4: I love this for you so much. Next question I've
17:36
Speaker 4: got for you, what's your big money goal? What are
17:38
Speaker 4: you currently working towards. You just moved into your first
17:41
Speaker 4: family home, which is super exciting, but what's on the horizon.
17:44
Speaker 5: So we're basically trying to save for a wedding and
17:47
Speaker 5: the rest of our baby stuff.
17:48
Speaker 4: At the moment, our baby stuff is so expensive it
17:51
Speaker 4: all adds up.
17:52
Speaker 6: Yep.
17:53
Speaker 5: So we've got our major ticket items, but now it's
17:55
Speaker 5: just slowly saving up for kind of the rest of
17:57
Speaker 5: the stuff to make sure we have everything before bub
17:59
Speaker 5: get here and then yeah, for the wedding is the
18:02
Speaker 5: next thing.
18:03
Speaker 4: How did you approach baby stuff, because when I was pregnant,
18:06
Speaker 4: I was like, am I too early to be buying cots?
18:10
Speaker 4: At what point should I be buying a cot? When
18:12
Speaker 4: should I be setting up the nursery? And if we're
18:14
Speaker 4: really honest, my nursery is still not finished and my
18:16
Speaker 4: baby's eleven weeks old.
18:18
Speaker 2: So how did you go about that?
18:21
Speaker 6: Did you just.
18:21
Speaker 4: Start getting things the second you found out you were
18:23
Speaker 4: pregnant or was it something that you've only just sorted out.
18:26
Speaker 6: It was a little bit of both.
18:27
Speaker 5: Because me and my partner when we got together, we
18:30
Speaker 5: pretty much decided to combine our finances straight away, and
18:33
Speaker 5: we just had it set up that there's not a
18:37
Speaker 5: his online wage, it's a US wage, so.
18:40
Speaker 6: Everything is just all combined.
18:42
Speaker 5: And then so we had our savings goals together, so
18:45
Speaker 5: we knew exactly what we wanted. So we'd been saving
18:48
Speaker 5: to have this baby for quite a long time, so
18:50
Speaker 5: we were quite prepared. So we had lots of money
18:53
Speaker 5: kind of sitting there ready to get all the baby stuff.
18:55
Speaker 2: Oh I love that, So you're just ready to hit go.
18:58
Speaker 5: Yeah, So we basically waited and so we moved into
19:00
Speaker 5: the house and then went to purchase all that stuff.
19:03
Speaker 6: But we had the money ready to go, which was
19:04
Speaker 6: so helpful.
19:05
Speaker 4: What's been the biggest surprise when it comes to finances
19:08
Speaker 4: and babies? What's I guess surprised you about being pregnant
19:12
Speaker 4: and having to fund this tiny human being.
19:15
Speaker 6: Doctor's appointments There's so many.
19:17
Speaker 4: Of them, Yes, and they're expensive. Are you paying out
19:20
Speaker 4: of pocket for ultrasounds too?
19:23
Speaker 1: Yes?
19:23
Speaker 6: So out of pocket?
19:24
Speaker 5: And then if you throw in as well, I had
19:27
Speaker 5: a history of leakemia when I was little.
19:29
Speaker 2: Oh my gosh.
19:30
Speaker 5: Yeah, so it's like there's a normal doctor's appointments and
19:33
Speaker 5: then there's all that on top of it as well.
19:35
Speaker 5: To make sure my heart's functioning correct is just so much.
19:39
Speaker 2: Oh my gosh.
19:40
Speaker 4: So that's not only the expense, that's also a lot
19:43
Speaker 4: of time. All right, let's go to a really quick
19:46
Speaker 4: break on the flip side. I want to talk about debt,
19:48
Speaker 4: investments and good and bad money habits, So guys don't
19:51
Speaker 4: go anywhere, all.
19:56
Speaker 2: Right, money dis we are back.
19:57
Speaker 4: I feel like I have learnt so much about and
20:00
Speaker 4: you are just like this epic, stoic but also very shiny,
20:04
Speaker 4: happy person. I can't wait to share more of you
20:06
Speaker 4: with our community. So I want to know. Do you
20:09
Speaker 4: have any investments, If so, what are they? If not,
20:11
Speaker 4: what are the plans.
20:13
Speaker 5: Basically, I've got my super which is sitting at about
20:17
Speaker 5: forty five nearly fifty k now.
20:19
Speaker 6: Which is great.
20:20
Speaker 2: Oh, that's fantastic.
20:22
Speaker 5: And then we've only just started investing in shares in
20:25
Speaker 5: the past two weeks.
20:26
Speaker 4: Actually, oh my god, she's doing everything in the last
20:29
Speaker 4: couple of weeks. Shares investments. You are engaged, you're having
20:33
Speaker 4: a baby. What haven't you done in the last few weeks.
20:37
Speaker 6: It doesn't feel like a whole heap, to be honest.
20:40
Speaker 4: How did you pull the trigger to invest in shares?
20:43
Speaker 4: How did you end up doing that?
20:44
Speaker 5: Well, so, I'd done it a couple of years ago,
20:47
Speaker 5: but I didn't like how volatile it felt and like
20:50
Speaker 5: spending money on fees, which I didn't like. So I
20:52
Speaker 5: kind of withdrew it all and then put it back
20:54
Speaker 5: into like kind of a longer term savings account. But
20:58
Speaker 5: the more I've listened to the podcast, it's kind of
21:00
Speaker 5: been talking about shares and investing in how it can
21:03
Speaker 5: be beneficial. So we've decided to just bite the bullet
21:06
Speaker 5: and put that money back into shares account and just
21:09
Speaker 5: see how it goes for the next couple months and
21:11
Speaker 5: just wait and see.
21:13
Speaker 4: I love this so much and maybe we can ride
21:15
Speaker 4: out a bit more of that volatility. But it can
21:18
Speaker 4: feel really scary at the time, right especially when you're
21:21
Speaker 4: saying that you invested a couple of years ago that
21:23
Speaker 4: would have been in a relatively tumultuous time in the market.
21:26
Speaker 4: So I can imagine feeling a bit ikey, especially if
21:29
Speaker 4: that was the first time.
21:31
Speaker 6: Yep.
21:32
Speaker 4: One out of ten do not recommend when in doubt, guys,
21:35
Speaker 4: definitely zoom out. Let's talk a little bit about debt.
21:38
Speaker 4: You mentioned before you got into some zip pay debt
21:41
Speaker 4: and then you got out of it. Do you have
21:43
Speaker 4: any debts currently? If so, what are they? If not,
21:46
Speaker 4: how are we staying out of debt?
21:48
Speaker 5: So I managed to pay off the Zippay and the
21:50
Speaker 5: other debts I had from the time when I lost
21:53
Speaker 5: my ex, which was fantastic, So we got out of
21:55
Speaker 5: all of that.
21:56
Speaker 6: Only debt we have currently is we've just purchased a
22:00
Speaker 6: new family car yep.
22:02
Speaker 5: So that cost us about thirteen grand, but we've already
22:06
Speaker 5: brought that down to ten grand.
22:08
Speaker 2: Now are we Oh my gosh, who are you? You're
22:10
Speaker 2: smashing that down.
22:11
Speaker 5: And then my partner also had a motorbike loan he
22:15
Speaker 5: got a couple of years ago, which was unfortunately in
22:18
Speaker 5: a loan account, which we weren't able to pay extra to.
22:21
Speaker 4: Oh isn't that annoying because you're so ready to smash
22:24
Speaker 4: it down and then you feel trapped by it.
22:26
Speaker 6: Yeah.
22:27
Speaker 5: So basically what we did we got a another loan
22:30
Speaker 5: from somewhere else, paid that in full, and now we
22:33
Speaker 5: can make extra payments on the loan that we've got.
22:37
Speaker 4: Now that's smart. Then you're going to get out of
22:40
Speaker 4: debt quicker. I love that for you guys.
22:42
Speaker 6: Yeah.
22:42
Speaker 5: So basically, by the time babies here, we should have
22:46
Speaker 5: both of those debts squared and then all we have
22:48
Speaker 5: to pay is our mortgage.
22:50
Speaker 4: Oh very very cool. All right, you sound like you've
22:53
Speaker 4: got your head screwed on. So I want to know
22:55
Speaker 4: what is your best money habit.
22:57
Speaker 6: I would have to say budgeting.
23:00
Speaker 2: Accounts, So that makes sense. I feel like you should
23:02
Speaker 2: be good at that, right.
23:04
Speaker 6: Yeah.
23:05
Speaker 5: So I've just got like a little basic spreadsheet that
23:07
Speaker 5: just has our income, what we spend on a regular basis,
23:11
Speaker 5: and then what we want to put away in saving.
23:13
Speaker 5: So basically, each week, it's just we put money for
23:17
Speaker 5: our internet, water, everything else. We know that set amount
23:20
Speaker 5: that we have to move each week for all those
23:22
Speaker 5: direct edits to come out.
23:23
Speaker 2: Yep.
23:24
Speaker 6: And then same kind of thing with the savings.
23:25
Speaker 5: It's a set amount each week that moves out and
23:28
Speaker 5: then by the end of the week we're down to
23:29
Speaker 5: about you know, ten or zero dollars, but all the
23:32
Speaker 5: money's been dispersed how it should.
23:34
Speaker 4: So did you learn this through going to school and
23:38
Speaker 4: doing TAFE and stuff like that and doing your accounts
23:41
Speaker 4: or is this something that you've always just been really
23:43
Speaker 4: good at.
23:44
Speaker 6: I think it's a little bit of a mix of both.
23:46
Speaker 5: Like I was always not too bad at it, but
23:48
Speaker 5: going to tape definitely kind of cemented in exactly how
23:52
Speaker 5: to do it and the importance of it rather than
23:55
Speaker 5: just spending just because you've got it.
23:57
Speaker 4: I love And if someone is listing and they're like,
23:59
Speaker 4: I don't have a budget, budgets feel overwhelming, like I
24:03
Speaker 4: just don't want to do it.
24:04
Speaker 2: What would your advice be?
24:05
Speaker 6: It is genuinely a lifesaver.
24:08
Speaker 5: Just give it a go, even if you start out
24:10
Speaker 5: with like a non strict budget at the start, give
24:14
Speaker 5: yourself a fair whack of spending money and then just
24:16
Speaker 5: see if you can stick to that amount. My probably
24:19
Speaker 5: worst habit used to be going out and that kind
24:22
Speaker 5: of like fomo.
24:23
Speaker 6: So yeah, just give yourself a bit of leeway at
24:26
Speaker 6: the start.
24:26
Speaker 5: And then slowly try and creep it in, and then
24:28
Speaker 5: if you can't afford to do it that week, do
24:30
Speaker 5: it the following week when you get paid again, Like, yeah.
24:33
Speaker 4: That's fair because there's a cash flow, it keeps coming
24:36
Speaker 4: in over time. I feel like so many times we
24:38
Speaker 4: think we're really restricting ourselves when the reality is like,
24:42
Speaker 4: if you really want something, it might just be not
24:44
Speaker 4: right now, and we can have it in the future.
24:46
Speaker 4: We just need to be better at long term gratification.
24:49
Speaker 5: I feel definitely having set exactly where you want to
24:53
Speaker 5: be going in life with your personal goals helps to.
24:56
Speaker 6: Achieve a good budget.
24:57
Speaker 5: Like, we knew we wanted kids, so putting my away
25:00
Speaker 5: four kids was something that was important to us. So
25:02
Speaker 5: if that meant we couldn't get takeaway two nights a
25:04
Speaker 5: week to afford that, that was a sacrifice we were
25:07
Speaker 5: willing to make.
25:08
Speaker 4: I love that, and I love that it sounds like
25:10
Speaker 4: you and your partner have just gotten on the same
25:12
Speaker 4: page really quickly.
25:13
Speaker 2: You've gone, you know what, this is what we want.
25:14
Speaker 2: This is the life we're creating.
25:16
Speaker 4: And not only do we want this, we're actively going
25:18
Speaker 4: to work towards it and just get it done.
25:20
Speaker 2: That literally is the best.
25:23
Speaker 5: Yeah, And it was instant, and it stayed like that
25:25
Speaker 5: this whole time, and that's why it's been such a
25:27
Speaker 5: cruisy and amazing relationship. We've just been on the same
25:30
Speaker 5: page and it's just not changed and it's just fantastic.
25:34
Speaker 2: Oh good, I love this all right.
25:36
Speaker 4: You mentioned before that your worst money habit used to
25:39
Speaker 4: be going out and fomo, but what is it now?
25:42
Speaker 6: It's still probably a little bit of the same.
25:44
Speaker 5: I've tried to get better with it by actually getting
25:47
Speaker 5: rid of Snapchat and Instagram. That was kind of the
25:50
Speaker 5: worst catalyst for me, because it would be like I'd
25:52
Speaker 5: see my friends going out to the pub or getting
25:54
Speaker 5: a cocktail or going out for dinner, and then I
25:57
Speaker 5: was like, oh, well, I kind of want to go
25:58
Speaker 5: do that too. Now because I don't see that happening
26:01
Speaker 5: all the time like I used to. I don't really
26:03
Speaker 5: get that feeling so much anymore, and I'm quite content
26:06
Speaker 5: just kind of being at home and eating food at home.
26:10
Speaker 2: Yeah, I love that.
26:11
Speaker 4: I feel like sometimes we have to like turn our
26:14
Speaker 4: stuff off so that we can focus on ourselves or
26:17
Speaker 4: focus on our own goals.
26:18
Speaker 2: I've done that a lot recently.
26:20
Speaker 4: I haven't unfollowed heaps of people, but I have definitely
26:23
Speaker 4: muted a few that I'm feeling like influenced me too
26:27
Speaker 4: much to spend. So I'm like, no, like, I'll go
26:29
Speaker 4: check your stories if I'm thinking about it, But sometimes
26:32
Speaker 4: it would pop up and then I would just go
26:34
Speaker 4: straight into purchase mode and I just needed to separate
26:37
Speaker 4: myself from that, and that has been brilliant. Like I
26:40
Speaker 4: feel like I'm spending less. My mental health is better
26:43
Speaker 4: because I'm not always feeling like I'm missing out.
26:46
Speaker 2: I think it's a genius thing to do. And it's free.
26:49
Speaker 6: Yeah, literally doesn't cost a cent.
26:51
Speaker 2: In fact, it's going to save you money. Yep, money, diarist.
26:56
Speaker 4: I feel like I have learned so much about you
26:59
Speaker 4: and this story is incredible, Like it breaks my heart
27:02
Speaker 4: to know what you've been through, but it also sets
27:05
Speaker 4: my soul on fire to know where you're at today,
27:07
Speaker 4: Like knowing that you're going to welcome a baby into
27:09
Speaker 4: the world. Really soon, and now you're a homeowner and
27:12
Speaker 4: you've found the love of your life. Like, I'm just
27:15
Speaker 4: so overwhelmingly excited for you. But at the start of
27:18
Speaker 4: this episode you said, v I think I'm a Bee,
27:21
Speaker 4: But then you've gone through and told me that you're
27:23
Speaker 4: a homeowner. You've just gotten engaged, like you've already planned
27:26
Speaker 4: for a baby, like budgeting your best habit, You've got
27:29
Speaker 4: a heap in super like you've got this epic job
27:32
Speaker 4: despite not having finished year eleven and twelve? One do
27:35
Speaker 4: you think you're still a Bee? And then two what
27:38
Speaker 4: would it take to get to that?
27:39
Speaker 2: A plus for you?
27:41
Speaker 6: I do kind of feel like I'm still a Bee
27:43
Speaker 6: at the moment.
27:44
Speaker 5: I would like to get better with my investing to
27:47
Speaker 5: feel like I can kind of creep up into that
27:49
Speaker 5: next level. And then yeah, because we're looking at dropping
27:54
Speaker 5: out hours for a better work life balance, that's going
27:58
Speaker 5: to take a lot of rebudgeting and figure things out.
28:00
Speaker 5: So I think once we've got that on track, then
28:03
Speaker 5: I may be able to jump up to that next class.
28:05
Speaker 4: I feel like you're on the way, though, So that's
28:07
Speaker 4: not anything you have to change, it's just time frames
28:10
Speaker 4: and working towards it.
28:12
Speaker 2: I love that.
28:13
Speaker 4: That means that you're going to be an A plus
28:14
Speaker 4: in absolutely no time.
28:17
Speaker 6: I'm hoping so I know.
28:18
Speaker 2: So money, Daris, thank you so much.
28:20
Speaker 4: Unfortunately that is all we have time for today, but
28:24
Speaker 4: I really appreciate it. I cannot tell you how excited
28:27
Speaker 4: I am to share your story with the community and
28:29
Speaker 4: how many people it's going to positively impact.
28:32
Speaker 2: So thank you so much.
28:33
Speaker 6: Thank you so much for your time.
28:35
Speaker 4: Of course, the advice shared on She's on the Money
28:44
Speaker 4: is general in nature and does not consider your individual circumstances.
28:48
Speaker 4: She's on the Money exists purely for educational purposes and
28:52
Speaker 4: should not be relied upon to make an investment or
28:54
Speaker 4: financial decision. If you do choose to buy a financial product,
28:58
Speaker 4: read the PDS, TMD and A detain appropriate financial.
29:01
Speaker 2: Advice tailored towards your needs.
29:03
Speaker 4: Victoria Divine and She's on the Money are authorized representatives
29:07
Speaker 4: of Money. Sheper p T y lt D A b
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Speaker 4: N three two one six four nine two seven seven
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Speaker 4: zero eight AFS L four five one two eight nine