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Is This the Biggest Financial Decision You'll Make? · She's On The Money

• 0:00
  Speaker 1: My name's Atasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya
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  Speaker 1: Nianar Kaka yah y and beIN Ahaka nian Our gay
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  Speaker 1: In Mbini yakarum Jar Dominyamiga Umagahawaka Woman Damon imlan Bumba
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  Speaker 1: ban Gadabomba in and now in wakah ghan On yakram
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  Speaker 1: jar water Nadaa. Hello, beautiful friends, we gather on the
• 0:24
  Speaker 1: lands of the Aboriginal people. We thank, acknowledge and respect
• 0:27
  Speaker 1: the Aberiginal people's land that we're gathering on today. Take
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  Speaker 1: pleasure in all the land and respect all that you see.
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  Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
• 0:40
  Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
• 0:45
  Speaker 2: She's on the Money. She's on the Money. Hello and
• 1:09
  Speaker 2: welcome to She's on the Money, the podcast that makes
• 1:11
  Speaker 2: personal finance fun, especially on Fridays. It is our favorite
• 1:15
  Speaker 2: day of the week because we get the team together
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  Speaker 2: and celebrate you the incredible. She's on the Money community,
• 1:21
  Speaker 2: Miss Jess Gricci, She's here sharing our favorite money wins.
• 1:24
  Speaker 2: Miss beck Sayeed is sharing her broke tips, and we're
• 1:27
  Speaker 2: going to be helping to answer a money dilemma which
• 1:30
  Speaker 2: is all about managing money from a side hustle, which
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  Speaker 2: I think is set up perfectly for you this week,
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  Speaker 2: Beck and something you slid into our dams out wait
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  Speaker 2: for it, whether your choice of partner is actually the
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  Speaker 2: biggest financial decision you'll ever make. Anyway, I am excited
• 1:46
  Speaker 2: to talk about that one, because I don't know. A
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  Speaker 2: man's not a financial plan, but could he be? How
• 1:51
  Speaker 2: are your wings? My week's think, quid.
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  Speaker 3: I unfortunately caught the bug that seems to you're doing
• 1:56
  Speaker 3: the rounds.
• 1:57
  Speaker 2: I thought you were about to say I caught the bus,
• 2:01
  Speaker 2: so I'm sorry, Jess. That's so funny.
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  Speaker 4: I can just imagine you look like watching you from
• 2:06
  Speaker 4: behind the bus, like you know, when the bus, kind.
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  Speaker 2: Of like jumping just running for a bus too. Oh.
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  Speaker 3: I've definitely running for a bus in my day. Absolutely
• 2:13
  Speaker 3: so funny. No call the bug that's been doing the
• 2:16
  Speaker 3: rounds this time of year, I think, which is a
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  Speaker 3: bit unfortunate. I'm just spent the last couple of days
• 2:21
  Speaker 3: in bed, to be honest, but I've got a lot
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  Speaker 3: of reading done, which was nice. A lot of sleepy
• 2:24
  Speaker 3: so productive.
• 2:26
  Speaker 2: Still confuses me. She messages me and goes, can I
• 2:30
  Speaker 2: please have a sick day? Sorry? I'm sorry. If you're
• 2:32
  Speaker 2: having a sick day, you don't ask your boss. You
• 2:34
  Speaker 2: tell your boss, you call your boss, or you text
• 2:37
  Speaker 2: your boss and say, hey, I'm not well, I am
• 2:40
  Speaker 2: not coming in. But miss jessical Riki is like, actually,
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  Speaker 2: really sick? Would it be okay for I don't do work? Yes?
• 2:47
  Speaker 2: At what point are you going to learn?
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  Speaker 3: And I know like you would also never say no,
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  Speaker 3: but I just feel like the polite thing to do
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  Speaker 3: is to ask.
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  Speaker 2: That's a cute when you're like, yes, just take the day.
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  Speaker 1: Ba.
• 3:00
  Speaker 2: Yeah, So do you need some memes? I may help.
• 3:03
  Speaker 2: That's so sweet, Chief memes ender. How's your way back? Well,
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  Speaker 2: my week's been a little bit wild. Actually.
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  Speaker 4: I was offered a literally just four weeks of work
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  Speaker 4: at the ABC, which I've always wanted to work always. Yeah,
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  Speaker 4: but I told my boss and she said, well, you
• 3:16
  Speaker 4: have to resign if you do that, And then I
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  Speaker 4: was like, well it would be against your contract right
• 3:20
  Speaker 4: for another network it would, And so I don't have
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  Speaker 4: any saying.
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  Speaker 2: Apparently the opportunity was too good to say no to yes.
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  Speaker 2: I don't have savings.
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  Speaker 4: I don't have a job lined up after that. I
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  Speaker 4: will be unemployed for sure come August eighth. But I
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  Speaker 4: did resign me so much anxiety that is, okay.
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  Speaker 3: We're manifesting. You're just going to slay your job so
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  Speaker 3: hard to offer you a full.
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  Speaker 2: Time surely you are going to run rings around it.
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  Speaker 2: I just know, no, love you, We love you, So
• 3:47
  Speaker 2: it just makes sense. It's so nice, thank you so much.
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  Speaker 2: Oh my god, you guys so fingers crossed. Honestly, I
• 3:53
  Speaker 2: don't feel a single bit of stress about it. Maybe
• 3:55
  Speaker 2: it's just because it doesn't feel real yet. That's correct
• 3:57
  Speaker 2: when it happens, I might feel stressed. Else Chill, it's
• 4:01
  Speaker 2: so chill. I love that. So I actually feel really good.
• 4:03
  Speaker 2: It's been a really good week. And what about UVD.
• 4:08
  Speaker 2: I have an extra needy dog today. Yeah, we do
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  Speaker 2: video now. And I just think that I don't know
• 4:15
  Speaker 2: what's gotten into her. I think she just doesn't like
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  Speaker 2: it's been raining a lot today. She just seems to
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  Speaker 2: want to sit on me, and she keeps knocking my
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  Speaker 2: mic out of my hands, and she doesn't have literally
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  Speaker 2: no respect anyway, you can't see her. But like, just
• 4:28
  Speaker 2: imagine a dog, a very large dog, trying to sit
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  Speaker 2: on my lap and also knock my mic around. Do
• 4:35
  Speaker 2: you know what, I'm not gonna lie. What do you
• 4:37
  Speaker 2: mean it's the new financial year? What do you mean
• 4:40
  Speaker 2: it is July? What do you mean We're in the
• 4:42
  Speaker 2: second half of the year. What do you mean we're
• 4:44
  Speaker 2: in third quarter? No, it's crazy. No, I want I
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  Speaker 2: want to do again. I want to repeat. I just
• 4:50
  Speaker 2: the first six months flew by, and I feel like
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  Speaker 2: it's only just started to hit me and like lame.
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  Speaker 2: But like I had so many plans and I've done
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  Speaker 2: none of them, haven't we all? We're all.
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  Speaker 3: I feel like everyone's probably in the same boat on
• 5:01
  Speaker 3: that one.
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  Speaker 1: I'm going to.
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  Speaker 2: BALI so like there's something to look forward to. Cool, Yeah,
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  Speaker 2: I know, right.
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  Speaker 4: But then then it's almost the end of the year,
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  Speaker 4: which means that you have the whole other year.
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  Speaker 2: Next month is August, and August is basically December, and
• 5:12
  Speaker 2: December is basically twenty twenty six. It's almost Christmas time too,
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  Speaker 2: you too need to calm down. And also it's probably
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  Speaker 2: a good reminder that if you don't have your Christmas
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  Speaker 2: savings account set up right now, now is the time.
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  Speaker 2: That's a really good reminder.
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  Speaker 1: Thank you.
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  Speaker 2: I will be saving for Christmas and absolutely nothing else.
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  Speaker 2: I'm excited. I'm so excited. I love my fair Speaking
• 5:38
  Speaker 2: of love, we had another five star review. Would you
• 5:41
  Speaker 2: guys like to hear it? Yes, okay, this one is
• 5:44
  Speaker 2: from Jess Great Name, five stars love. I'm a new list.
• 5:48
  Speaker 2: I can't believe I've only just come across you guys.
• 5:51
  Speaker 3: Now.
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  Speaker 2: I'm absorbing every single episode and I'm taking notes too.
• 5:54
  Speaker 2: I love it with my new friend, treat name, great Name.
• 6:00
  Speaker 2: That's very Jest to take notes. I feel like Jess
• 6:05
  Speaker 2: would never turn any Jess would never turn up to
• 6:08
  Speaker 2: a meeting without a notebook like that's it's like a
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  Speaker 2: poor personality trait. Yeah, if all have notebooks, you're all prepared.
• 6:16
  Speaker 2: And I don't think i've met a Jest that was mean.
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  Speaker 4: No, I completely agree. I never met a chaotic, irresponsible Jess. No,
• 6:25
  Speaker 4: I've never met a chaotic Jess.
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  Speaker 2: Never. Never. If you're a chaotic Jest, slight into my dear.
• 6:29
  Speaker 3: Yes, I'm sure we're out there, absolutely all right.
• 6:31
  Speaker 2: Mister money, Wins and Confessions. What's the community got this week?
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  Speaker 4: Alrighty.
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  Speaker 3: First of this week, I've got one from Ashley who
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  Speaker 3: said she had a Koala office chair that she wanted
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  Speaker 3: to sell on Marketplace, but the guest lift broke. She
• 6:42
  Speaker 3: knew that it was still under warranty and that she'd
• 6:44
  Speaker 3: get more for it if she got that fixed, so
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  Speaker 3: she sent Koala a message and was told they don't
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  Speaker 3: make the chair anymore, so they can't send out the
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  Speaker 3: spare part, but instead they'd come and collect it from
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  Speaker 3: her and give her a full refund.
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  Speaker 2: Sorry what so how good is that for?
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  Speaker 3: So she got all her money back and didn't even
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  Speaker 3: need to tell it a marketplace.
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  Speaker 2: She sold it back to Kuala.
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  Speaker 3: She literally sold it back to Koala.
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  Speaker 2: I just want the amount that she purchased it for.
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  Speaker 2: So basically she got a free chair. It broke, she
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  Speaker 2: sent it back, got all her money back.
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  Speaker 3: The definition of a money winner.
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  Speaker 2: Is a good deal, honestly, that is. I feel like
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  Speaker 2: in twenty twenty five, all I hear is like companies
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  Speaker 2: with bad exchange policies, or like people who have really
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  Speaker 2: bad refunds like No not Kwala.
• 7:22
  Speaker 3: Apparently we love it when a company looks after their people. Next,
• 7:25
  Speaker 3: I've got a money in from Beck who said money Win.
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  Speaker 3: I've been wanting a dice an air rap for over
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  Speaker 3: a year. Go I get it, and I've been looking
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  Speaker 3: at all of the pros and cons and decided I
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  Speaker 3: would most likely do it when I saw that it
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  Speaker 3: came down on sale from eight hundred and forty nine
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  Speaker 3: to five hundred and ninety six. She's been putting money aside. Yeah,
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  Speaker 3: good deal, she said. She's also very into googling discount codes,
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  Speaker 3: and you should be. She found an additional code brought
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  Speaker 3: it down to five hundred dollars.
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  Speaker 2: Okay, good deal.
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  Speaker 3: She says she felt like a saving her three hundred
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  Speaker 3: and forty nine dollars is pretty great for something she'll
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  Speaker 3: use every week.
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  Speaker 2: Adore. Well done.
• 7:56
  Speaker 3: Next, I've got money win from Belinda, who said, you
• 7:58
  Speaker 3: finally got herself one of those Baker's Delight too good
• 8:01
  Speaker 3: to go bags.
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  Speaker 2: I really want to do that, but I haven't. I
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  Speaker 2: haven't done it yet, and I also know that I
• 8:06
  Speaker 2: will eat absolutely everything in there, like I just know
• 8:09
  Speaker 2: that that I don't need it. Well, she gave us
• 8:11
  Speaker 2: little peak of what so.
• 8:13
  Speaker 3: She had one loaf of bread, six bread rolls, four
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  Speaker 3: sweet scrolls, and two savory rolls much for nine nine nine?
• 8:20
  Speaker 1: No?
• 8:20
  Speaker 2: Absolutely, my god, like six rolls easy, you already got
• 8:25
  Speaker 2: your life. They're like more than a dollar nowadays, so
• 8:27
  Speaker 2: it's insane, or I think that's insane for some flour
• 8:31
  Speaker 2: and some seven dollars at least for a loaf of
• 8:33
  Speaker 2: bread from Bakers Toll. I'm sorry. Baker's delight, I do
• 8:35
  Speaker 2: love you. I love Bakings Talk. So they're TikTok girl.
• 8:41
  Speaker 2: They're like a social media manager. Her name's Madeline. I
• 8:43
  Speaker 2: don't know how to do because I follow them on TikTok. Anyway,
• 8:47
  Speaker 2: do you want to know more goss about Madeline? Any
• 8:49
  Speaker 2: I feel like I know her from I don't know when.
• 8:52
  Speaker 2: Maybe we are like you know those faces where you're like,
• 8:54
  Speaker 2: I know this girl, I reckon I worked with her
• 8:56
  Speaker 2: in retail at some point or did something. We've crossed pads. Anyway,
• 9:00
  Speaker 2: they're TikTok. They're hiring for her replacement because she's going
• 9:03
  Speaker 2: on maternity leave, and like, sorry, I'm so invested in
• 9:05
  Speaker 2: this replacement process. Baker's delight TikTok stillapps.
• 9:09
  Speaker 3: So good that I saw them making buns once. It
• 9:13
  Speaker 3: was delightful and they.
• 9:14
  Speaker 2: Have a new Sorry, they have a new This is
• 9:17
  Speaker 2: not sponsored by Baker's Life, but if you want to
• 9:19
  Speaker 2: be call me babe, like it could be the Baker's
• 9:22
  Speaker 2: Delight Money wins. They have a peach stone now and
• 9:28
  Speaker 2: it's frosted.
• 9:31
  Speaker 4: After this episode, which sweet because you know the like
• 9:35
  Speaker 4: the custard walnut.
• 9:36
  Speaker 2: Yes, didn't so good and they do really good danishes. Anyway,
• 9:41
  Speaker 2: let's move on. They're literally not paying for this. I
• 9:44
  Speaker 2: should be next from Victoria, who said I great name.
• 9:47
  Speaker 2: I've also never met a Victoria, or I didn't It
• 9:50
  Speaker 2: is a Victoria with two teas. We've had a Beck
• 9:52
  Speaker 2: that wasn't you. We've had a Jess that wasn't you.
• 9:54
  Speaker 2: Now we've had a Victoria. And it's actually very fins
• 9:57
  Speaker 2: so self centered. I like this.
• 9:59
  Speaker 3: But Victoria said she went to buy some multi vitamins
• 10:01
  Speaker 3: from Chemist's warehouse. They were selling at their normal price
• 10:03
  Speaker 3: and a competitor had at cheap house, so she flagged
• 10:05
  Speaker 3: the cheaper price and they ended up charging her less
• 10:09
  Speaker 3: than what the competitor.
• 10:10
  Speaker 2: Had it because they percent, that does sound like something
• 10:12
  Speaker 2: I would do.
• 10:13
  Speaker 1: There you go.
• 10:14
  Speaker 4: It sounds like me had a cheap buzz in Chemi's warehouse.
• 10:17
  Speaker 2: I'm fine, I find that hard to bleed. Well, it's
• 10:19
  Speaker 2: all true. I'm going to need receipts.
• 10:22
  Speaker 3: And lastly, this week, I've got a money from Christine
• 10:24
  Speaker 3: who said she took her kids to Disney on Ice
• 10:25
  Speaker 3: on the weekend and they brought their own it is
• 10:28
  Speaker 3: but Christine said, no, no, no, we're bringing our own snacks,
• 10:31
  Speaker 3: our own drinks, and the kids were happy to just
• 10:33
  Speaker 3: pop the bubbles coming out of other kids ones. So
• 10:35
  Speaker 3: we didn't buy any of the merch. She said, they
• 10:37
  Speaker 3: avoided paying the mouse tacks and saved themselves hundreds.
• 10:41
  Speaker 2: Okay, I also have another hack because I'm on parenting ticks.
• 10:44
  Speaker 2: They came that one. They came up bubble wand is
• 10:47
  Speaker 2: like twelve dollars, whereas if you go to Disney or Ice,
• 10:50
  Speaker 2: apparently the bubble one's like fifty nine dollars. Are really
• 10:53
  Speaker 2: joking that a bubble wand extortion soapy water go. I
• 10:58
  Speaker 2: only have a one year old, so we're not at
• 10:59
  Speaker 2: the point where he peer pressures me into purchases yet.
• 11:03
  Speaker 2: I just know that we'll get this crazy No. So
• 11:07
  Speaker 2: Kmart has a bubble wand for those of you who
• 11:09
  Speaker 2: might be interested, that could also be a really good
• 11:11
  Speaker 2: present like Halfy's only one. Anytime I get bubbles.
• 11:14
  Speaker 3: Out, bubbles are fun chaos byot, that's crazy.
• 11:19
  Speaker 2: I love this those good money wins. Miss specs, yes,
• 11:24
  Speaker 2: tell me I can. What have you got? When it
• 11:26
  Speaker 2: comes to broke tips? And for those of you who
• 11:28
  Speaker 2: maybe missed it, we now have a broke tip thread
• 11:31
  Speaker 2: going live every single week in our Facebook group, where
• 11:34
  Speaker 2: Beck goes in and has a little bit of look
• 11:36
  Speaker 2: at your broke tear?
• 11:37
  Speaker 1: Do you?
• 11:38
  Speaker 2: But also so does everybody else?
• 11:40
  Speaker 3: And I want you to do that.
• 11:41
  Speaker 4: I want to love had all of them, but I'm
• 11:43
  Speaker 4: scared that I'll miss one, and so for that reason,
• 11:46
  Speaker 4: I don't.
• 11:47
  Speaker 2: And that's why I now no longer love heart people's comment.
• 11:50
  Speaker 2: Then you get off it, and then new comments happen,
• 11:51
  Speaker 2: and then people might think that yours didn't yeah exactly.
• 11:54
  Speaker 4: Or even just like sometimes you just randly miss one.
• 11:56
  Speaker 4: You're like, oh my god, this person might think why
• 11:58
  Speaker 4: didn't you? Like what if I come in on your
• 12:00
  Speaker 4: And then I'm like, oh my god, this is incredible.
• 12:02
  Speaker 4: But someone one hundred comments down said the same thing earlier.
• 12:05
  Speaker 2: I don't know. I just get anxiety. I don't want
• 12:07
  Speaker 2: people to think that have got favorites. I don't. I
• 12:09
  Speaker 2: love you, I know, Okay.
• 12:12
  Speaker 4: So this first one comes from Jacinta, who said that
• 12:15
  Speaker 4: she did surveys on Pure Profile because she knew she
• 12:18
  Speaker 4: was running out of money for food.
• 12:19
  Speaker 2: I totally get it.
• 12:20
  Speaker 4: I've been there so many times, for every single day
• 12:22
  Speaker 4: of my life. She did enough to get twenty doll
• 12:24
  Speaker 4: about your fo woolies and bought stuff at twenty three dollars,
• 12:26
  Speaker 4: used the three dollars of her own money, and it
• 12:28
  Speaker 4: helped loto hate.
• 12:30
  Speaker 2: That's actually such a good broake tap. If you've got
• 12:32
  Speaker 2: no cash, if you can go to twenty bucks, ten bucks,
• 12:35
  Speaker 2: twenty dollars is twenty dollars.
• 12:37
  Speaker 4: I know, so pure Profile. I know we talked about surveys,
• 12:40
  Speaker 4: but I had not heard of this one before. So
• 12:42
  Speaker 4: I leased that one back in the day. I'll let
• 12:44
  Speaker 4: you they go, I know the other year. Otherwise it
• 12:46
  Speaker 4: was shutting down real quick. This next one comes from
• 12:50
  Speaker 4: Shiara I'm so sorry, I'm seeing your name incorrectly, who
• 12:53
  Speaker 4: says that she uses a massage gun. What she does
• 12:56
  Speaker 4: is she holds a massage gun to an almost empty bottle,
• 12:59
  Speaker 4: such as lotions, shampoos, et cetera.
• 13:01
  Speaker 2: Oh, it's like turbo shake, Yeah, turboshake.
• 13:04
  Speaker 4: And then actually after she sent me that, there's all
• 13:05
  Speaker 4: this like thing come up on my Instagram kind of
• 13:08
  Speaker 4: like literally doing that or someone doing that. It wasn't
• 13:11
  Speaker 4: like say, it wasn't just like that would have blown
• 13:13
  Speaker 4: me away, but it was not just sent up. It
• 13:16
  Speaker 4: was someone else that's on puberty the page, and she
• 13:20
  Speaker 4: put the massage gun to the lotion and it all
• 13:23
  Speaker 4: came out like it's not like down droops and drags,
• 13:25
  Speaker 4: it's like the whole thing. Well, it makes so much
• 13:28
  Speaker 4: left shaking.
• 13:29
  Speaker 2: Yeah, isn't that wild. See I don't own a massage gun. No,
• 13:33
  Speaker 2: I don't use a massage gun, and physically I have
• 13:36
  Speaker 2: no need for it. But I have, again going back
• 13:39
  Speaker 2: to TikTok, I have seen people use the massage gum
• 13:41
  Speaker 2: or using the vacuum in their car to like make
• 13:43
  Speaker 2: all of the dirt vibrate and then right, and I
• 13:48
  Speaker 2: just I've never wanted to try something more in my life.
• 13:51
  Speaker 2: Like so I love cleaning my car. In fact, this
• 13:54
  Speaker 2: is going to sound so lame and you know what,
• 13:56
  Speaker 2: a little bit out of touch, but I have a
• 13:58
  Speaker 2: car cleaning subscription to a car wash near my house,
• 14:01
  Speaker 2: which actually, because I do wash my car, I would
• 14:04
  Speaker 2: say it like every week. Yeah, it becomes like I
• 14:07
  Speaker 2: think it's like less than ten dollars a wash, and
• 14:09
  Speaker 2: like this is like a good wash and it includes
• 14:11
  Speaker 2: the vacuum, so like when it's like a self drive through,
• 14:15
  Speaker 2: like no touch, like car wash thing drives your car,
• 14:18
  Speaker 2: you drive out and it has the free air gun
• 14:20
  Speaker 2: and it has the free vacuum, so you can vacuum
• 14:22
  Speaker 2: to your heart's content. And I love that, but I
• 14:25
  Speaker 2: really need the massage gun for that. You can bever
• 14:27
  Speaker 2: in mind, thank you, but I don't know if you
• 14:29
  Speaker 2: want me putting it on the carpet of my car
• 14:32
  Speaker 2: after my dog's been in it.
• 14:33
  Speaker 3: We have a few in our house because I'm dating
• 14:34
  Speaker 3: a physio, so maybe we just have Well one can
• 14:36
  Speaker 3: become the designated Karma.
• 14:38
  Speaker 4: Car massage and beg, what have you got? So this
• 14:43
  Speaker 4: is something I noticed the other day. It was like,
• 14:44
  Speaker 4: well it wasn't the other day, but it was community
• 14:46
  Speaker 4: cup time.
• 14:46
  Speaker 2: You guys know community cup. I don't big thing in Melbourne, Wow,
• 14:50
  Speaker 2: not big enough for us. We have heard about it.
• 14:52
  Speaker 2: It was like we do live under a rock though
• 14:54
  Speaker 2: you were a much more social being than both just
• 14:57
  Speaker 2: and I combined.
• 14:58
  Speaker 4: It was it's quite, it was so so cold, it's overwhelming.
• 15:01
  Speaker 4: There's people everywhere, and everyone you've ever met will be
• 15:03
  Speaker 4: at this place. I mean it was in abspent, so
• 15:05
  Speaker 4: the first time I had gone, So I don't know
• 15:06
  Speaker 4: if it's always an ABOSPHD. But I popped in because
• 15:09
  Speaker 4: I was going to uber there. I didn't want to park.
• 15:10
  Speaker 4: I popped in the address for the park. I said
• 15:13
  Speaker 4: Victoria Park whatever, and then the uber was like twenty dollars.
• 15:16
  Speaker 2: I was like oh.
• 15:17
  Speaker 4: And then instead I zoomed all the way in and
• 15:20
  Speaker 4: I put an address that is across the road. It's
• 15:23
  Speaker 4: like eleven Louley Street or whatever. Yeah, fourteen dollars.
• 15:26
  Speaker 5: Oh, no way.
• 15:28
  Speaker 4: So I feel like and I have in fact checked this,
• 15:31
  Speaker 4: but I feel like, no, but that makes it's an
• 15:33
  Speaker 4: event or if it's a location like mcg or something
• 15:36
  Speaker 4: like that, then it'll automatically it does. It's like when
• 15:39
  Speaker 4: you go to the airport, Yes, like the airport tax
• 15:42
  Speaker 4: So if you put like, I don't know what addresses
• 15:44
  Speaker 4: around the airport, but you know, just give it a go.
• 15:46
  Speaker 4: I think if you're going to an event, if you're
• 15:48
  Speaker 4: going to a concert or something. Don't put the concert location,
• 15:50
  Speaker 4: don't put the arena or whatever. Put the exact address
• 15:53
  Speaker 4: across the street, or just an address close by that
• 15:55
  Speaker 4: you're happy to walk from they're happy to walk from,
• 15:57
  Speaker 4: or even the address of the stadium.
• 15:59
  Speaker 2: I haven't tried before. I reckon that wouldn't work. Maybe
• 16:02
  Speaker 2: not surely it would be associated, because I feel like
• 16:04
  Speaker 2: whenever I put an address in, it'll like auto correct
• 16:07
  Speaker 2: to the location name.
• 16:08
  Speaker 4: Yeah, true, true, ture true. I like your very very
• 16:12
  Speaker 4: thank you, thank you very much, so very smart. That's mine.
• 16:16
  Speaker 4: I love that.
• 16:17
  Speaker 2: I feel like that is very good. All right, let's
• 16:19
  Speaker 2: go to a really quick break because on the flip side,
• 16:21
  Speaker 2: I'm actually really excited about this. Our first question, I'm
• 16:24
  Speaker 2: excited about this, but like the second part juicy. But anyway,
• 16:28
  Speaker 2: the first one is our money dilemma, which is all
• 16:29
  Speaker 2: about managing money from a side hustle, which I think
• 16:32
  Speaker 2: is going to be really helpful. But the juicy one,
• 16:33
  Speaker 2: you guys slid into our dms and you want to
• 16:35
  Speaker 2: know whether your choice of partner is actually one of
• 16:38
  Speaker 2: the biggest financial decisions you'll ever make. Oh, I don't
• 16:42
  Speaker 2: think people are ready for that conversation. Anyway, We'll see
• 16:45
  Speaker 2: you right after the break.
• 16:50
  Speaker 3: Welcome back, everybody. Let's take a listen to this week's
• 16:52
  Speaker 3: money dilemma.
• 16:56
  Speaker 2: Hi, there, have you got a money dilemma you just
• 16:58
  Speaker 2: can't solve? The She's on the Mine team is here
• 17:01
  Speaker 2: to help. Every week, we tackle your dilemmas, both big
• 17:04
  Speaker 2: and small, to answer your most burning money, career and
• 17:07
  Speaker 2: life questions. To get involved, simply head to our website
• 17:10
  Speaker 2: and leave us a short voice recording and you might
• 17:12
  Speaker 2: just find yourself on the show. Now, let's take a
• 17:15
  Speaker 2: listen to this week's money dilemma. I just have a question.
• 17:21
  Speaker 5: I have a day job, but I also have a
• 17:24
  Speaker 5: side hustle, and I have both tums of income coming
• 17:27
  Speaker 5: into the same account at this point, separate accounts within
• 17:32
  Speaker 5: my bank, so they are separated, but I don't have
• 17:35
  Speaker 5: a different bank. My savings from my day job go
• 17:43
  Speaker 5: into a separate micro investing app which I use called Blossom.
• 17:48
  Speaker 5: But the savings or the earnings I make from my business,
• 17:53
  Speaker 5: I just don't know what to do with them, so
• 17:55
  Speaker 5: they're just sitting in the account that's holding them. So
• 17:58
  Speaker 5: I've got a couple of thousand dollars in there, just
• 18:00
  Speaker 5: sitting there and they're not earning any interest, they're not
• 18:03
  Speaker 5: doing anything. But I'm really hesitant to put them in
• 18:06
  Speaker 5: the same pool as my personal savings. For some reason,
• 18:10
  Speaker 5: I feel like they should be separate thing. And I
• 18:13
  Speaker 5: don't want to start something that isn't correct and isn't
• 18:17
  Speaker 5: going to help me out tax wise as well. But
• 18:21
  Speaker 5: I just don't know what to do or who to
• 18:22
  Speaker 5: ask around business questions. So if you could provide some light,
• 18:27
  Speaker 5: that would be amazing. Thank you so much.
• 18:30
  Speaker 2: Well girl, you've come to the right place. And I mean,
• 18:33
  Speaker 2: I'm not going to ask the two of you what
• 18:35
  Speaker 2: I would do because I think or what you should
• 18:37
  Speaker 2: do keep it separate. I'm sorry. If you have a
• 18:39
  Speaker 2: side hustle separate bank account, I don't want to see
• 18:42
  Speaker 2: it going into your go and register it as well,
• 18:45
  Speaker 2: like set it up as a separate business bank account,
• 18:48
  Speaker 2: because it's messy. Like let's say you're stupidly successful. You're
• 18:52
  Speaker 2: making your personal life harder, You're making your taxes harder,
• 18:55
  Speaker 2: like you don't know when you need to pay tax
• 18:58
  Speaker 2: on your side hustle income. Like Beck, this is at
• 19:01
  Speaker 2: you specifically, because guys, what's your business little shout out.
• 19:05
  Speaker 2: Beck has decided to go all in on her business recently,
• 19:09
  Speaker 2: and you've set up a whole website. You spent fourteen
• 19:11
  Speaker 2: dollars on a domain, and that is putting your money
• 19:13
  Speaker 2: where your mouth is.
• 19:15
  Speaker 4: What is the domain designed by becku dot com todau.
• 19:19
  Speaker 2: I'm obsessed and like I have commissioned a piece? Have
• 19:22
  Speaker 2: I actually commissioned a piece? Because I didn't pay for it,
• 19:25
  Speaker 2: I use it. It's still a gifted a piece. I said,
• 19:28
  Speaker 2: Oh my god, I've always wanted Okay, you're gonna love this.
• 19:31
  Speaker 2: I've always wanted one of those spoon rests. Yes, that
• 19:35
  Speaker 2: is actually a ravioli. Oh I've seen those are very
• 19:38
  Speaker 2: coch Yeah. So Beck made me one pink. It's pink
• 19:41
  Speaker 2: and lives on my shelf and I love her. But
• 19:45
  Speaker 2: very cute stuff. Anyway, we'll put the link in the
• 19:46
  Speaker 2: show notes because like girls supporting girls. Anyway, get a
• 19:52
  Speaker 2: separate bank account, Beck, if you don't have a separate
• 19:54
  Speaker 2: bank account for the money that you're making from your pottery, canceled, Like, Okay, no,
• 19:58
  Speaker 2: you're gonna go get a separate bank account. You don't
• 20:00
  Speaker 2: have to go and set up as a business. You
• 20:02
  Speaker 2: can still be a sole trader, but have it be
• 20:04
  Speaker 2: separate so that you can track the income coming in
• 20:07
  Speaker 2: and the income going out. It's going to make tax
• 20:09
  Speaker 2: time easier. It's going to make literally everything easier. You
• 20:11
  Speaker 2: can also track how much money of your personal money
• 20:14
  Speaker 2: needs to go in there, right because beck, I can
• 20:16
  Speaker 2: almost guarantee like you're pururchasing clay paints glazers with your
• 20:21
  Speaker 2: personal income, right, so transfer that money, like go all right,
• 20:25
  Speaker 2: well I'm going to go down to E cards or
• 20:27
  Speaker 2: whatever it is the craft store and purchase clay. You
• 20:30
  Speaker 2: can track how much you've transferred to that account and
• 20:33
  Speaker 2: see how much has been going in versus coming out,
• 20:35
  Speaker 2: and then all the profits going to that and it's
• 20:37
  Speaker 2: just it's going to be clean, right, Yeah, it's going
• 20:39
  Speaker 2: to be clean. Yeah. Do you have any other tips
• 20:42
  Speaker 2: for small business when it comes to the banking side
• 20:44
  Speaker 2: of things?
• 20:46
  Speaker 4: Well, personally to start as this question does come at
• 20:48
  Speaker 4: a really good time, so thank you very much. I mean,
• 20:53
  Speaker 4: I don't know if this is the same situation, but
• 20:55
  Speaker 4: I use I'm using Stripe, which I think is like
• 20:59
  Speaker 4: is that right?
• 20:59
  Speaker 3: Yeah?
• 21:00
  Speaker 2: Stripe or you u stripe? Oh my god? The payment system.
• 21:03
  Speaker 4: Okay, that's so companty because I was like, I don't
• 21:05
  Speaker 4: know what this text me ask me, Oh my god, true, I.
• 21:08
  Speaker 2: Don't know why I'm not doing this. And it's not
• 21:12
  Speaker 2: even that I know, it's that like I was born
• 21:15
  Speaker 2: to yap. Yeah, and like also research, so if I
• 21:18
  Speaker 2: don't know, girl, you best believe I'm a fine out.
• 21:22
  Speaker 4: So that, but that's not the same, hey, because I
• 21:23
  Speaker 4: can see what's coming in, I can't see what's going out.
• 21:25
  Speaker 4: Obviously that's more like bank account, but that that is
• 21:28
  Speaker 4: helpful for incoming. But you're saying, like, get a whole
• 21:32
  Speaker 4: new bank account for this particular side hustle.
• 21:35
  Speaker 2: Understood it, understood, Okay, that's good to know. And then
• 21:38
  Speaker 2: just like name it like your business name. So everything
• 21:41
  Speaker 2: is just really clean, really fresh, easy, because at one
• 21:44
  Speaker 2: point it's going to tip over being a hobby and
• 21:46
  Speaker 2: like a tiny side hustle to being something that you
• 21:49
  Speaker 2: need to pay tax on, and hopefully at some point
• 21:51
  Speaker 2: you're going to need to pay GST on and you know,
• 21:53
  Speaker 2: really scale it. But you don't want to have that
• 21:55
  Speaker 2: be mixed up with your personal income and other jobs
• 21:58
  Speaker 2: that you're doing on the side to pass time more,
• 22:00
  Speaker 2: you know, put money and food on the table right, totally,
• 22:03
  Speaker 2: just keep it separate, right totally. Also interesting side note, Beck,
• 22:08
  Speaker 2: while we were listening to that, you guys probably didn't hear.
• 22:11
  Speaker 2: In perfect synchronicity, Jess and I made the sound ah
• 22:17
  Speaker 2: when our listener question mentioned the Blossom app. I was
• 22:22
  Speaker 2: curious about that. You were like, why are you two v.
• 22:27
  Speaker 5: Now?
• 22:27
  Speaker 2: Jess, We've had some conversations historically on air and off
• 22:33
  Speaker 2: air about Blossom app. Is the app badge?
• 22:37
  Speaker 4: No?
• 22:38
  Speaker 2: Is the apple legitimate? Yes is some of the marketing misleading?
• 22:42
  Speaker 2: Yes is how I feel now. Blossom app is an
• 22:46
  Speaker 2: app and our money diarist or sorry, not even our
• 22:48
  Speaker 2: money direst our listener question literally said, I'm using it
• 22:51
  Speaker 2: to invest Iconic. You are using it to invest. But
• 22:54
  Speaker 2: if we go to the website and I'm on the
• 22:56
  Speaker 2: website right now, Jess and Beck and I feel like
• 22:59
  Speaker 2: this would get Beck like in the nicest possible way. No, No,
• 23:02
  Speaker 2: because you just take people for their word. I'm already
• 23:05
  Speaker 2: and you already like, and it's not because you're silly,
• 23:07
  Speaker 2: it's just because you are an average consumer.
• 23:10
  Speaker 3: Well, and the listener said that they're putting their savings
• 23:12
  Speaker 3: in BLOSSOMUS, Yeah, which is very relevant.
• 23:15
  Speaker 2: Yes, So like Beck, have you heard of Blossom app?
• 23:17
  Speaker 2: I haven't. Let me read you the marketing and you
• 23:19
  Speaker 2: can tell me what it is, okay, right, So Blossom
• 23:22
  Speaker 2: where your savings go to grow. You can get between
• 23:25
  Speaker 2: a five point four five and six point five per
• 23:29
  Speaker 2: annum targeted return. Join thousands of Australians who have discovered
• 23:34
  Speaker 2: a new, healthier way to save your money. Your way,
• 23:38
  Speaker 2: no account, feest healthy returns. You're doing well. Their product
• 23:43
  Speaker 2: is called Blossom Save and it gives you freedom and
• 23:46
  Speaker 2: flexibility whilst you save. What is this product?
• 23:49
  Speaker 4: I would say it's a very high interest savings account.
• 23:54
  Speaker 2: No No, And that's where Jess and I are probably
• 24:00
  Speaker 2: not that comfortable with it. It is an investment. It
• 24:03
  Speaker 2: is an investment platform and they invest your money for
• 24:06
  Speaker 2: long term returns. That's why they can target such high
• 24:10
  Speaker 2: five point four five and six point five percent return.
• 24:13
  Speaker 2: Right now in this current economy, a savings account is
• 24:17
  Speaker 2: not going to get you that. So you might look
• 24:18
  Speaker 2: at it and be like far out, like that's why
• 24:21
  Speaker 2: And I mean it in the nicest possible way. And
• 24:22
  Speaker 2: I know people have messaged me before and they've been like,
• 24:25
  Speaker 2: why do you say things like that why you mean
• 24:27
  Speaker 2: to Beck. I'm not mean to Beck. No, he's my
• 24:29
  Speaker 2: normal consumer. She is my friend. I think she's so smart.
• 24:33
  Speaker 2: But like, I just know you'd read this, and like,
• 24:36
  Speaker 2: but you and I both know you're never going to
• 24:38
  Speaker 2: read the PDS. You don't scroll to the bottom and
• 24:39
  Speaker 2: click the PDS.
• 24:40
  Speaker 4: I do.
• 24:41
  Speaker 2: And it's an investment platform. It's also targeted returns.
• 24:44
  Speaker 3: It's not guaranteed, so they can say, yeah, we're aiming
• 24:46
  Speaker 3: for that, but if they return is less as far
• 24:50
  Speaker 3: as I know, no accountability.
• 24:52
  Speaker 2: They are an investment fund, and like if you go
• 24:55
  Speaker 2: into the PDS, it says the target rate of the
• 24:57
  Speaker 2: annual return from investments retain in the fund is not
• 25:01
  Speaker 2: guaranteed and no assurance is given that the target rate
• 25:04
  Speaker 2: will be achieved for any time the investment is held
• 25:08
  Speaker 2: in the fund. I'm targeting two returns a fart. But
• 25:12
  Speaker 2: I think if we then use the average consumers experience
• 25:16
  Speaker 2: right and go Your experience with savings accounts is that
• 25:20
  Speaker 2: if they say they return three percent, they return three percent, right,
• 25:23
  Speaker 2: So when you will read out all of this marketing,
• 25:26
  Speaker 2: and I said, where your savings go to grow? And
• 25:28
  Speaker 2: you're going to get four point four to five. I
• 25:31
  Speaker 2: think you skimmed over the word targeted, didn't you. I did.
• 25:34
  Speaker 4: I thought targeted maybe is like they're purposely doing something yep,
• 25:39
  Speaker 4: and then that's yea.
• 25:40
  Speaker 2: And then I doubled down and I gave you the
• 25:42
  Speaker 2: next line, literally scrolling on the homepage, which says, joined
• 25:45
  Speaker 2: thousands of Aussies who have discovered a new, healthier way
• 25:48
  Speaker 2: to save. I'm sorry that is not saving if you
• 25:51
  Speaker 2: are investing your money and there is risk involved. I
• 25:54
  Speaker 2: am so fine with your platform, Like, there is not
• 25:57
  Speaker 2: anything wrong structurally, your money's not at more risk than
• 26:01
  Speaker 2: any other type of investing platform. But call a stick
• 26:04
  Speaker 2: a stick.
• 26:05
  Speaker 3: Yeah, yeah, I don't like that because I think, yeah,
• 26:07
  Speaker 3: listening to our listener's voicemail, they even said, you know,
• 26:10
  Speaker 3: my savings are in this platform, and it kind of
• 26:13
  Speaker 3: makes me go, well do you. You know, typically we
• 26:15
  Speaker 3: say don't invest your savings if you plan on having
• 26:18
  Speaker 3: access to them any time soon, and we don't have
• 26:20
  Speaker 3: this CEM one. But I think the language can be
• 26:24
  Speaker 3: very confusing, and as you said, like it's something they've
• 26:28
  Speaker 3: changed it.
• 26:29
  Speaker 2: You know, it's been a few years that this platforms
• 26:31
  Speaker 2: been around them. I've spoken to their owner. I've spoken
• 26:34
  Speaker 2: to their founder, I've had these conversations. They've invited me
• 26:38
  Speaker 2: to Sydney to have conversations with them, and I basically said, like,
• 26:42
  Speaker 2: so happy to continue the conversation, but anything that you
• 26:45
  Speaker 2: say surely can be put on paper for me to understand, Like,
• 26:48
  Speaker 2: surely you can put it in an email and articulate
• 26:51
  Speaker 2: yourself in a way that makes sense, because if you can't,
• 26:53
  Speaker 2: to me, that doesn't feel right. And so I don't know.
• 26:57
  Speaker 2: I just I think when you look at the like
• 26:59
  Speaker 2: risk return like chart and we're looking at different investment options,
• 27:04
  Speaker 2: there's like you know, savings accounts and then there's bonds.
• 27:07
  Speaker 2: This is more risky than both of those things. Yes,
• 27:10
  Speaker 2: it's not the same risk that you carry as putting
• 27:13
  Speaker 2: your money into the Australian Stock Exchange. It's slightly less.
• 27:16
  Speaker 2: But I think that they're trying to align with their
• 27:19
  Speaker 2: marketing to being a savings account, which if you as
• 27:23
  Speaker 2: a consumer, are like, oh I don't want to invest
• 27:26
  Speaker 2: yess I'm too like I'm a bit adverse for that.
• 27:29
  Speaker 2: Oh I don't know about a bond. But then you
• 27:31
  Speaker 2: see this marketing you might go, oh, well that's for
• 27:33
  Speaker 2: me because it's where your savings go to grow. And
• 27:36
  Speaker 2: the language is comforting, and I think that that. I
• 27:39
  Speaker 2: feel like they're doing everything right from a compliance perspective
• 27:44
  Speaker 2: in terms of their actual product, but when it comes
• 27:46
  Speaker 2: to the marketing, I just go, I'm sorry. This is
• 27:49
  Speaker 2: why the investment industry is so confusing. That is why
• 27:51
  Speaker 2: so many people are like, wait, that's an investment, but
• 27:54
  Speaker 2: there's this isn't. But yeah, like, if you want a
• 27:57
  Speaker 2: good high interest savings account, a road a hole blog
• 27:59
  Speaker 2: on it, check it out, check it out. I'll put
• 28:02
  Speaker 2: all of the good links in the show notes for
• 28:05
  Speaker 2: our most recent savings account thing, because like I think
• 28:08
  Speaker 2: every six months or so I do a blog or
• 28:10
  Speaker 2: the team actually all put together a blog on the
• 28:12
  Speaker 2: best high interest savings accounts in Australia so that you
• 28:15
  Speaker 2: guys can do it without any like hoops or anything
• 28:17
  Speaker 2: to jump through because you know how sometimes there's like
• 28:20
  Speaker 2: minimum deposits or whatever. Anyway, none of that. I could
• 28:23
  Speaker 2: go on and on, but I just think you guys
• 28:26
  Speaker 2: deserve transparency and maybe potentially allegedly that company is not
• 28:31
  Speaker 2: giving you that, and that just doesn't see it right.
• 28:34
  Speaker 3: With me.
• 28:35
  Speaker 2: Anyway. That's a little bit of the tea, but do
• 28:40
  Speaker 2: you want more tea? Absolutely?
• 28:41
  Speaker 1: Right?
• 28:42
  Speaker 2: So this week we had a listener dam and you
• 28:43
  Speaker 2: know what a little bit more juicy than what we're
• 28:45
  Speaker 2: just talking about. Ready, okay, Hi, she's on the money.
• 28:49
  Speaker 2: I keep seeing money influences say your partner is the
• 28:52
  Speaker 2: biggest financial decision you'll ever make. But I didn't even
• 28:55
  Speaker 2: think about that at all when I fell in love.
• 28:58
  Speaker 2: Emotionally the relationship is solid, but financially we are not
• 29:02
  Speaker 2: on the same page. And the more I notice that,
• 29:04
  Speaker 2: the harder it is to unsee. I listen to the
• 29:07
  Speaker 2: money diaries, so I know people can change, But lately
• 29:10
  Speaker 2: I've been wondering if this is something I should take
• 29:13
  Speaker 2: more seriously. Then I feel really guilty, like am I
• 29:16
  Speaker 2: being too shallow or too focused on money? I wasn't
• 29:19
  Speaker 2: like this before, but now I don't know if I'm
• 29:22
  Speaker 2: overthinking or finally waking up. What would you do?
• 29:25
  Speaker 1: Oh?
• 29:27
  Speaker 4: This is tugging at my heart shrinks because as the
• 29:31
  Speaker 4: I mean, they didn't say, this person didn't say, but
• 29:33
  Speaker 4: I can only assume that they're they're the more responsible
• 29:35
  Speaker 4: one with money and their partner might not be. And
• 29:37
  Speaker 4: I am the partner that is not. My girlfriend justs
• 29:40
  Speaker 4: is very unhappy that I quit my job for a
• 29:42
  Speaker 4: full week opportunity.
• 29:44
  Speaker 2: And I don't know why. That's crazy. I know it's crazy.
• 29:47
  Speaker 2: She's crazy. I'm just kidding. No, that's very very valid.
• 29:50
  Speaker 4: But I think that before her, I've always been a
• 29:52
  Speaker 4: little bit like risk taking. I don't care if I'm
• 29:55
  Speaker 4: living Pachrick paycheck. I don't care if I'm broke. I
• 29:57
  Speaker 4: honestly don't mind. And so feel like maybe depending on
• 30:00
  Speaker 4: where your partner is coming from and how they've lived before,
• 30:03
  Speaker 4: and if they always get back on their feet and
• 30:06
  Speaker 4: if they don't rely on other people around them, then
• 30:11
  Speaker 4: at this moment.
• 30:12
  Speaker 2: Totally fine. I think that. So I can, like I
• 30:15
  Speaker 2: can totally understand it.
• 30:16
  Speaker 4: Some people don't work in this way where they're thinking
• 30:18
  Speaker 4: about money and they thinking about savings and they have
• 30:21
  Speaker 4: this intrinsic like just motivation to save for a future.
• 30:26
  Speaker 2: Some people just do not have that.
• 30:27
  Speaker 1: I do not have that.
• 30:28
  Speaker 2: I can't be taught to have that in me. I can't.
• 30:32
  Speaker 2: I will just do it because I hell nose.
• 30:34
  Speaker 4: I've tried exactly like I mean, for like three years now,
• 30:37
  Speaker 4: like I just.
• 30:38
  Speaker 2: And like you know, and I know I think that
• 30:41
  Speaker 2: that's what's kind of so cool about Cheese on the
• 30:42
  Speaker 2: money side step is that, like, you are so different
• 30:46
  Speaker 2: to Jess and Die and it's not a negative or
• 30:49
  Speaker 2: a positive, it's just who you are, and like that's
• 30:51
  Speaker 2: a cool thing. But we've got so many diverse people
• 30:53
  Speaker 2: in our community. Some might be like Jess and literally
• 30:56
  Speaker 2: stockpile every cent. Someone be a little bit more like me,
• 30:58
  Speaker 2: who I take risky decisions, but I'm also relatively financially
• 31:02
  Speaker 2: like stable when I make those decisions, and I'm always
• 31:04
  Speaker 2: calculating everything, And then there might be people like you, Beck,
• 31:08
  Speaker 2: And I don't want people to think that there's only
• 31:09
  Speaker 2: one way to manage finance. Yeah, totally, as long as
• 31:12
  Speaker 2: you are educated and have the knowledge and the tools
• 31:15
  Speaker 2: and the resources, and I've given it to you on
• 31:16
  Speaker 2: a silver platter. I don't care how you use them. Like, yes,
• 31:19
  Speaker 2: in a perfect world, i'd love Beck to budget. Oh
• 31:21
  Speaker 2: my god, like my life would be made. But at
• 31:24
  Speaker 2: the end of the day, you're an adult, and I
• 31:26
  Speaker 2: respect your decisions because you're an adult. But like, I
• 31:29
  Speaker 2: think that everybody deserves access to those tools. And if
• 31:32
  Speaker 2: you didn't have access and you're in a really shitty
• 31:35
  Speaker 2: financial position because you hadn't been given an education. That's
• 31:38
  Speaker 2: not fair. Yes, but now you're making decisions and you're like, well,
• 31:41
  Speaker 2: I know I could do this all that you've made
• 31:43
  Speaker 2: the decision that's right for you, Yes, the decision that's
• 31:45
  Speaker 2: right for society.
• 31:46
  Speaker 4: Totally, totally, I completely agree. And so I guess in
• 31:48
  Speaker 4: saying that right now, it comes down to if your
• 31:52
  Speaker 4: partner is I guess in any it doesn't even know
• 31:55
  Speaker 4: if it's finances or anything, like, if you're dating someone
• 31:57
  Speaker 4: who never cooks, never cleans, never does any like holds
• 32:00
  Speaker 4: any of the mental load, I feel like it's not
• 32:02
  Speaker 4: the exact same, but it feels like if your partner's
• 32:04
  Speaker 4: willing to change to help you and your future together,
• 32:08
  Speaker 4: regardless of what it is. Maybe they hate cleaning, but
• 32:11
  Speaker 4: they just have to do it. Maybe they hate saving,
• 32:14
  Speaker 4: or they just don't know how to do it, but
• 32:15
  Speaker 4: they just have to do it. It's like that's a
• 32:17
  Speaker 4: complete different situation their relationship with money. Because I'm on
• 32:21
  Speaker 4: the other end, I understand that some people just don't
• 32:23
  Speaker 4: have that and don't live like that. But I will
• 32:26
  Speaker 4: commit to saving for a future with my partner because
• 32:30
  Speaker 4: that's what's in the cards, and so I feel like
• 32:32
  Speaker 4: that's probably more the conversation. And if your partner is
• 32:35
  Speaker 4: willing to just do it, even if they hate it too,
• 32:39
  Speaker 4: also give them some objective, something to work with, something tangible,
• 32:42
  Speaker 4: be like, if we save this amount, this is what
• 32:45
  Speaker 4: our future will look like, because otherwise it's just invisible
• 32:47
  Speaker 4: and it's just like there's no motivation to do that.
• 32:48
  Speaker 4: But anyway, so I think that's probably the conversation I
• 32:51
  Speaker 4: would be thinking about. If that makes sense, What do
• 32:53
  Speaker 4: you reckon?
• 32:54
  Speaker 3: Yes, I think the saying you know your partner is
• 32:56
  Speaker 3: the biggest financial decision or whatever it is it comes from.
• 32:59
  Speaker 3: I yes, that that concept of like you're the sum
• 33:02
  Speaker 3: of the people you spend the most time with. I
• 33:04
  Speaker 3: think it's like the seven people closest to you kind
• 33:06
  Speaker 3: of form your core personality traits or something like that.
• 33:09
  Speaker 3: There's some psychological study, I think, because your partner, assuming
• 33:14
  Speaker 3: you know, a traditional relationship where you eventually are building
• 33:17
  Speaker 3: towards a life together, they're the person who spend the
• 33:19
  Speaker 3: most time with, your life is so interlinked with them
• 33:21
  Speaker 3: in terms of your finances. If you choose to have
• 33:24
  Speaker 3: children or maybe own property, or save towards other important
• 33:27
  Speaker 3: goals for you. Guys, your lives are so intertwined that
• 33:31
  Speaker 3: their take on money has a really significant impact on you,
• 33:36
  Speaker 3: regardless of how you each manage it, and so I
• 33:39
  Speaker 3: think that concept is kind of reflecting on the fact
• 33:43
  Speaker 3: that it can maybe cause friction. I think in your
• 33:46
  Speaker 3: relationship if you have two people, particularly if someone isn't
• 33:49
  Speaker 3: willing to do as you are back you know, you've said,
• 33:51
  Speaker 3: you know, I acknowledge that I'm not great with money,
• 33:53
  Speaker 3: but I will work towards goals because that's what my
• 33:57
  Speaker 3: relationship needs to progress forward. Not every body is able
• 34:00
  Speaker 3: to draw that light in the sand, I suppose and
• 34:02
  Speaker 3: make that decision. I think at the same time as well,
• 34:06
  Speaker 3: if someone doesn't match your energy, if you're the person
• 34:10
  Speaker 3: who is let's say more aspirational, if you have high
• 34:13
  Speaker 3: savings goals, or if you have big goals for your
• 34:16
  Speaker 3: life in general, even outside of money, if your energy
• 34:19
  Speaker 3: isn't being matched by your partner, it can sometimes take
• 34:22
  Speaker 3: the wind out of your sales a little bit and
• 34:24
  Speaker 3: hold you back because you're maybe working to accommodate there more.
• 34:29
  Speaker 3: And that's not a bad thing, like compromise is important
• 34:31
  Speaker 3: in any relationship, but At the same time, I think
• 34:34
  Speaker 3: like you also need to acknowledge that, you know, if
• 34:37
  Speaker 3: two people go okay, well, regardless of how good we
• 34:40
  Speaker 3: are with money or what we want to do, we're
• 34:42
  Speaker 3: going to find a way to make our dreams work.
• 34:43
  Speaker 3: Like that is very powerful as opposed to maybe one
• 34:47
  Speaker 3: person being like, oh, I want to do this, I
• 34:49
  Speaker 3: want to do that, and the other person being like, oh,
• 34:50
  Speaker 3: it'd be nice, but we can never do it. It's
• 34:53
  Speaker 3: almost like psychological beyond just the actual financial stuff. But
• 34:58
  Speaker 3: I feel like you're going to explain that a little
• 34:59
  Speaker 3: bit of me because I feel.
• 35:00
  Speaker 2: Like I would, No, you're not. I mean, if I
• 35:04
  Speaker 2: look at my situation, my husband and I got together
• 35:07
  Speaker 2: and when we were just dating, we're both in personal debt,
• 35:10
  Speaker 2: we both had personal loans, we both weren't good at money,
• 35:12
  Speaker 2: and we have learnt together what that means and what
• 35:15
  Speaker 2: our values are. And I'm just I would say, very
• 35:18
  Speaker 2: lucky to have obviously met someone have fallen in love
• 35:21
  Speaker 2: with madly want all these babies ten out of ten,
• 35:24
  Speaker 2: but also somebody who has the same values and goals
• 35:29
  Speaker 2: and like, I guess lifestyle aspirations that I have, because
• 35:32
  Speaker 2: that could have been really hard, and I'm not in
• 35:33
  Speaker 2: that position. But I mean, if you take a really
• 35:36
  Speaker 2: big step back, the idea of marrying for love is
• 35:38
  Speaker 2: actually really modern. If we look at history, we actually
• 35:42
  Speaker 2: married for money. We married, I guess more specifically for survival.
• 35:46
  Speaker 2: We married for status, We married for strategic advantage. Families
• 35:51
  Speaker 2: negotiated marriages based on what they could get out of it,
• 35:55
  Speaker 2: like these idle women. No not, yeah, little women do
• 35:58
  Speaker 2: you can't what is it? You can't tell me? Married
• 36:00
  Speaker 2: is not an economic proposition exactly, it absolutely is. And
• 36:03
  Speaker 2: I mean for much of history, marriage was less about
• 36:06
  Speaker 2: romance and more about alliances between families and safely transferring
• 36:10
  Speaker 2: wealth and securing land or you know, ensuring a social
• 36:14
  Speaker 2: standing or social status, and like that's just the logic
• 36:18
  Speaker 2: of it. Like romance is a privilege. Love was a bonus,
• 36:20
  Speaker 2: but not a requirement. And I think if we go
• 36:24
  Speaker 2: back to that, I'm not saying that that's a good idea.
• 36:26
  Speaker 2: That was all about survival. Now, sorry, we're staunch feminists.
• 36:30
  Speaker 2: I can go get my own job and I can
• 36:31
  Speaker 2: choose to marry for love, and then it does come
• 36:34
  Speaker 2: into it, because you're right, somebody could take the wind
• 36:36
  Speaker 2: out of your sales if they're not in the same
• 36:38
  Speaker 2: situation as you, And I think I mean to be
• 36:41
  Speaker 2: really brutal. Yes, in many ways, marrying for your choice
• 36:46
  Speaker 2: of partner is the biggest financial decision you'll make. And
• 36:48
  Speaker 2: I saw a TikTok the other day. I feel like
• 36:50
  Speaker 2: all I do is talk about TikTok and a woman said, oh, girl,
• 36:54
  Speaker 2: all mental disappoint you, just marry for money, because at
• 36:57
  Speaker 2: least you'll be happy with what outcome happens. And I'm
• 37:01
  Speaker 2: not saying that's a good idea because a man is
• 37:02
  Speaker 2: not a financial plan, but literally, the person that you
• 37:05
  Speaker 2: marry affects everything from how you manage money day to
• 37:08
  Speaker 2: day to how you plan for your lifetime goals, for
• 37:11
  Speaker 2: how you go on holidays, for how you plan on
• 37:13
  Speaker 2: raising kids and buying a home, and like what does
• 37:16
  Speaker 2: retirement look like? And having a partner that shares your
• 37:19
  Speaker 2: values and is able to communicate openly and honestly with
• 37:22
  Speaker 2: you and respects your financial boundaries, I think can help
• 37:25
  Speaker 2: you build a secure financial future. So maybe I'm a
• 37:28
  Speaker 2: little bit more savage. Maybe I've just unfortunately seen one
• 37:31
  Speaker 2: too many divorces come through my financial advice doors. When
• 37:34
  Speaker 2: I was an advisor that I am quite negative about marriage.
• 37:39
  Speaker 2: Am I married?
• 37:39
  Speaker 1: Yes?
• 37:40
  Speaker 2: Am I in love with my husband? Absolutely? Yes? Am
• 37:42
  Speaker 2: I lucky that we're on the same financial page? Yes?
• 37:45
  Speaker 2: But I think that constantly fighting about money and constantly
• 37:49
  Speaker 2: feeling alone in that that's not worth it. Yeah, Like,
• 37:52
  Speaker 2: because if you don't feel like you're supported, I'm sorry,
• 37:54
  Speaker 2: it's no longer about finances anymore. If you don't feel
• 37:57
  Speaker 2: supported full stop, you're in a marriage that's not going
• 37:59
  Speaker 2: to work. It's like the finance is almost just a
• 38:02
  Speaker 2: small element of love. Is so important. Love is like
• 38:07
  Speaker 2: to me, it is so important, But so is financial compatibility.
• 38:10
  Speaker 2: And I just I'm sorry, I'm so negative about that.
• 38:13
  Speaker 2: And they're going to be people who go it doesn't matter,
• 38:15
  Speaker 2: like I would work my life away from my partner. Amazing,
• 38:18
  Speaker 2: you're actually financially compatible.
• 38:20
  Speaker 3: Yeah, but exactly like you, right the example Beck was giving.
• 38:24
  Speaker 2: Yeah, So, like, financial compatibility doesn't mean fifty to fifty. Yeah,
• 38:28
  Speaker 2: that's not what the default is. Financial compatibility means you're
• 38:32
  Speaker 2: both happy with what you contribute, and you're both happy
• 38:34
  Speaker 2: with how that works and what that looks like and
• 38:35
  Speaker 2: the lifestyle you achieved from that. Yeah. But if you're
• 38:38
  Speaker 2: not on the same page. I just don't see how
• 38:39
  Speaker 2: it's gonna work out long term. Sorry, by what did
• 38:42
  Speaker 2: everybody else say? Okay, so the rest of the community
• 38:44
  Speaker 2: or juicy? So we did ask a few questions. First, First,
• 38:47
  Speaker 2: we said, do you think who you choose as a
• 38:49
  Speaker 2: partner is your biggest financial decision? Surprisingly, twenty eight percent
• 38:54
  Speaker 2: of you said yes, interesting, sixty nine percent of you
• 38:57
  Speaker 2: said it's just one piece of the puzzle, and three
• 38:59
  Speaker 2: percent said money is separate. Then we asked, can a
• 39:02
  Speaker 2: relationship work if you're on different pages financially? Seventy two
• 39:07
  Speaker 2: percent of you said it can, but it is very
• 39:09
  Speaker 2: hard work. Seventeen percent of you said it's a time bomb.
• 39:13
  Speaker 2: Seven percent of you said yes, love is the most
• 39:15
  Speaker 2: important part in four percent said no, red flag interesting,
• 39:19
  Speaker 2: very interesting. And then I asked the community. I said, girl,
• 39:22
  Speaker 2: what's your two cents? And did you have four cents?
• 39:26
  Speaker 2: First person said, give it time and see if you
• 39:28
  Speaker 2: can get on the same page before making any big
• 39:30
  Speaker 2: financial decisions. Next person said, you don't want to be
• 39:33
  Speaker 2: the one with money ready for a holiday with someone
• 39:35
  Speaker 2: who can't go anywhere. Next person said, communication and education,
• 39:40
  Speaker 2: that is what I have learnt from She's on the Money,
• 39:42
  Speaker 2: and I love explaining what I've learned from She's on
• 39:44
  Speaker 2: the Money to my partner. Oh how many times does
• 39:47
  Speaker 2: this come back down to? Is communication? Next person said,
• 39:51
  Speaker 2: you can have different mindsets, but if you can't talk
• 39:54
  Speaker 2: about it like mature adults red flag.
• 39:56
  Speaker 3: Emoji, that's a big one. The communication, like the level
• 39:59
  Speaker 3: of communit. Yeah.
• 40:01
  Speaker 2: Next person said, I ended a marriage after only four
• 40:04
  Speaker 2: months due to different financial pages. It was a time
• 40:07
  Speaker 2: bomb waiting to burst. Next person said, I have separate
• 40:10
  Speaker 2: accounts of the line with my goals, as does my partner,
• 40:13
  Speaker 2: as we don't always agree on the financial side of things. Interesting.
• 40:18
  Speaker 2: Next person, and this is the last one that I'm
• 40:20
  Speaker 2: going to share, said, dating in twenty twenty five is cooked.
• 40:23
  Speaker 2: Keep them if they are a good egg.
• 40:24
  Speaker 3: I mean, it's tough out from what I've heard from
• 40:27
  Speaker 3: the girls, So that's all the same.
• 40:29
  Speaker 2: It is tough. But I do think being on the
• 40:31
  Speaker 2: same financial page is going to reduce friction in your relationship,
• 40:35
  Speaker 2: like and I'm just all about not having a friction relationship.
• 40:39
  Speaker 2: Like it's some people are meant to be some people aren't,
• 40:41
  Speaker 2: and that's fine. I don't ruber up. I think would
• 40:44
  Speaker 2: you rather cry in a Corolla or a Lamborghini.
• 40:49
  Speaker 4: Just the last thing I want to say is that
• 40:51
  Speaker 4: do be mindful that some people have like really like
• 40:54
  Speaker 4: you know, this privileged scene, like some people didn't grow
• 40:56
  Speaker 4: up with much money, and it's like anxiety and chat
• 41:00
  Speaker 4: to have. And also that's something you read.
• 41:03
  Speaker 2: You can be on the same page financially with someone
• 41:05
  Speaker 2: who has the money. That's so true. You can be
• 41:07
  Speaker 2: on the same page, read somebody. It doesn't mean that
• 41:10
  Speaker 2: you have millions. Like we're not talking about needing to
• 41:13
  Speaker 2: become a millionaire family. We're just talking about are you
• 41:17
  Speaker 2: spending in line with your goals and values? Are you
• 41:19
  Speaker 2: achieving the life that you want? Because like, can you
• 41:22
  Speaker 2: imagine Beck if your partner was like, well, I want
• 41:25
  Speaker 2: you to save every single dollar because we need to
• 41:27
  Speaker 2: have six million dollars invested by the time we get here,
• 41:29
  Speaker 2: and you literally couldn't care less about that, and that
• 41:32
  Speaker 2: was all they cared about. They just cared about the money.
• 41:35
  Speaker 2: Like maybe they should go be with someone who makes
• 41:37
  Speaker 2: more money and cares more about money and that would
• 41:39
  Speaker 2: make them happier, like totally, and that's not the case.
• 41:42
  Speaker 2: So like, no to be on the same page financially
• 41:45
  Speaker 2: with someone doesn't mean you even if I have a dollar.
• 41:47
  Speaker 2: In fact, my husband and I both started in debt
• 41:50
  Speaker 2: and we're still on the same page. Yeah, and that's okay. Anyway,
• 41:54
  Speaker 2: it's okay. I think that's all we've got time for today,
• 41:56
  Speaker 2: my babies. Yes, I think so as gorgeous place to
• 41:58
  Speaker 2: leave it. Yeah, I see you on Monday for money,
• 42:00
  Speaker 2: diries and have a good weekend, babe, by guys bye.
• 42:09
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• 42:12
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• 42:16
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• 42:19
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• 42:22
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• 42:25
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• 42:29
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• 42:33
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