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Is It Lifestyle Creep… or Is Life Just Getting More Expensive? · She's On The Money

• 0:00
  Speaker 1: My name's Sasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana,
• 0:08
  Speaker 1: Kaka ya Ya bin Ahaka Nian our gay In Mbini
• 0:11
  Speaker 1: yakarum Jar dominyamiga Umagahawaka Woman, Damon Imlan Bumba ban Gadabomba
• 0:17
  Speaker 1: in and now in wakah ghan On yak rum Jar
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  Speaker 1: water Nadaa. Hello, beautiful friends, we gather on the lands
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  Speaker 1: of the Aboriginal people. We thank, acknowledge and respect the
• 0:28
  Speaker 1: abigion people's land that we're gathering on today. Take pleasure
• 0:31
  Speaker 1: in all the land and respect all that you see.
• 0:34
  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.
• 0:47
  Speaker 3: She's on the Money. Hello and welcome to She's on
• 1:09
  Speaker 3: the Money, the podcast that makes personal finance fun, especially
• 1:13
  Speaker 3: on Fridays. Friday is hands down my favorite day of
• 1:16
  Speaker 3: the week because as when we get our whole team
• 1:18
  Speaker 3: together and celebrate you our incredible She's on the Money
• 1:21
  Speaker 3: Community today, Miss Jesse Gri. She's going to be sharing
• 1:24
  Speaker 3: some of our favorite community money Wins. Miss besa Ed
• 1:27
  Speaker 3: is bringing broke tips that may genuinely change your life.
• 1:30
  Speaker 3: And we're diving into a money dilemma that I think
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  Speaker 3: every single one of us has felt at some point.
• 1:35
  Speaker 3: Are you actually experiencing lifestyle creep? Or is it just
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  Speaker 3: getting more expensive and you're just being way too hard
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  Speaker 3: on yourself? That one, that's one, That one like, why
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  Speaker 3: does it actually feel like we're spending more than ever
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  Speaker 3: even though you're not being ridiculous, Like, we're not being ridiculous,
• 1:52
  Speaker 3: let's talk about it. And we also have a DM
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  Speaker 3: that honestly, I think is going to hit a nerve
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  Speaker 3: for a lot of people, not in a bad way,
• 1:59
  Speaker 3: but maybe also in a bad way. What happens when
• 2:02
  Speaker 3: you're the one in the relationship making all of the
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  Speaker 3: financial decisions, not because you want to control something, but
• 2:07
  Speaker 3: because your partner just helps out. Annoying and also just
• 2:12
  Speaker 3: a little reminder if you also didn't already know, like
• 2:15
  Speaker 3: these dms are from people sliding into our dms, and
• 2:19
  Speaker 3: our money dilemma comes because on our website we have
• 2:22
  Speaker 3: a link where you can leave us voicemails, You can
• 2:24
  Speaker 3: leave us a little voice notes. Some of you this
• 2:26
  Speaker 3: is my favorite part of listening to all of the voicemails.
• 2:29
  Speaker 3: Some people just like are trialing it out on our website.
• 2:32
  Speaker 3: They're like, hey, She's on the Money, love you, and
• 2:34
  Speaker 3: then they hang out. You're like prank calling us. But
• 2:38
  Speaker 3: sometimes people prank call us and leave a full money dilemma.
• 2:40
  Speaker 3: And that's when you can hear yourself on the show.
• 2:42
  Speaker 3: So if you didn't know that, that's how you get
• 2:44
  Speaker 3: on the show, and you definitely should look it up.
• 2:46
  Speaker 3: So if you ever wanted to hear yourself on the podcast,
• 2:49
  Speaker 3: my friend, this is a sign, send me a voice note,
• 2:52
  Speaker 3: tell me what's going on, and you might just hear
• 2:54
  Speaker 3: yourself on the Friday Drinks episode. Now, before we dive
• 2:57
  Speaker 3: any deeper, do you know what time it is?
• 3:00
  Speaker 4: Star review time?
• 3:01
  Speaker 3: It is five star review time. And I love this.
• 3:04
  Speaker 3: We have an ego, so it does feed that. Now,
• 3:07
  Speaker 3: this is also a little nudge if you've been thinking, oh,
• 3:10
  Speaker 3: I probably should leave a five star review for She's
• 3:12
  Speaker 3: on the Money. Okay, stop thinking, start doing. It's all
• 3:15
  Speaker 3: about action. People. Actions speak louder than words. You can
• 3:18
  Speaker 3: leave us a review on Apple Podcasts or honestly, we
• 3:20
  Speaker 3: take them in any way, shape or form they come,
• 3:23
  Speaker 3: they have been emailed to us before you can DM
• 3:25
  Speaker 3: them to us on Instagram, and honestly, I would take
• 3:28
  Speaker 3: a scribbled piece of paper sent to us on a
• 3:30
  Speaker 3: carrier pigeon at this point, because we accept all forms
• 3:33
  Speaker 3: of ego stroking in this house agree. This week's five
• 3:37
  Speaker 3: star review comes from Sophie, and Sophie says, I heard
• 3:41
  Speaker 3: the other week that Jess got her whole own review,
• 3:43
  Speaker 3: so I felt compelled to leave one just for Beck.
• 3:47
  Speaker 3: Every single week I listened to the pod. She asks
• 3:50
  Speaker 3: the exact questions I'm thinking but wouldn't have the confidence
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  Speaker 3: to say out loud. She somehow makes finance feel less intimidating,
• 3:57
  Speaker 3: less overwhelming, less shamey, as though I'm not behind, I'm
• 4:02
  Speaker 3: just learning with her and that is okay. She explains
• 4:06
  Speaker 3: things in a way that actually makes sense, and I
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  Speaker 3: always finish episodes feeling a little bit calmer and a
• 4:11
  Speaker 3: little bit more in control of my money instead of
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  Speaker 3: stressing about it as much as I usually do.
• 4:15
  Speaker 1: Bec.
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  Speaker 3: I don't know if you know this, but you are
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  Speaker 3: my comfort person, and I think I speak for a
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  Speaker 3: lot of people in the community. Five stars for Beck.
• 4:23
  Speaker 3: No notes, Oh my god, that so nice.
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  Speaker 5: Thank you so much.
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  Speaker 3: That is like, isn't that so cute? That is so funny.
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  Speaker 5: That's like the word I use when I'm at a
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  Speaker 5: house party and someone doesn't know who someone, I'm like,
• 4:35
  Speaker 5: I want to be a comfort person.
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  Speaker 3: It's like, it's so thank you. No, it's just a
• 4:42
  Speaker 3: friend we haven't met yet.
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  Speaker 5: That is so sweet.
• 4:45
  Speaker 3: Thank you so much.
• 4:46
  Speaker 5: Was it Sophie. It was Sophie, Sophie.
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  Speaker 3: I love you. I love Sophie, Thank you so much.
• 4:51
  Speaker 3: Disappointed she didn't send it via carrier pigeon, but we
• 4:54
  Speaker 3: will wait another day.
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  Speaker 4: Nobody's perfect.
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  Speaker 5: Send to my hand next time.
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  Speaker 3: Yeah, exactly clear. Moving on, I'm sorry. Egostroking is done.
• 5:02
  Speaker 3: It is now time for the part of Friday Drinks
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  Speaker 3: where you guys get to ask us one question that
• 5:06
  Speaker 3: you are dying to know. It can be literally about anything.
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  Speaker 3: Nothing is off limits, and this week's question came to
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  Speaker 3: us by our Instagram DMS and Chanelle would like to
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  Speaker 3: know what is something that used to feel completely normal
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  Speaker 3: to buy it, but now feels like a bit of
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  Speaker 3: a luxury. These two, very politely both just paused and
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  Speaker 3: like pointed it at each other.
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  Speaker 4: I'll go I'll take you it. It came to be
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  Speaker 4: straight away immediately it was chips like a bad brock
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  Speaker 4: Deli or a yes, because it used to be that
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  Speaker 4: you could get one on sale, you know, for half price,
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  Speaker 4: for two dollars fifty and now it's like two for five,
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  Speaker 4: right yeah, and now it's literally seven dollars back. And
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  Speaker 4: I just, you know, it's probably quite good for my
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  Speaker 4: health that I'm not consuming as many chips, sous, but
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  Speaker 4: I love a chip, and.
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  Speaker 3: I feel like they're always on your grocery list.
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  Speaker 4: I literally never buy them anymore because it's just I
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  Speaker 4: can't justify it is a luxury. Yeah, totally bonkers. Chippies
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  Speaker 4: are a luxury cut out potato. Literally, chippies are a
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  Speaker 4: bit like that.
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  Speaker 3: That's rude. Potatoes should not be a luxury.
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  Speaker 5: That is so so true.
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  Speaker 3: That's not giving Irish famine, is it.
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  Speaker 2: Yeah?
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  Speaker 5: But also there's something about you that looks like someone
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  Speaker 5: who likes the chip, do you know what, Like, there's
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  Speaker 5: some people that look like they and you also look
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  Speaker 5: at condiments on your chips.
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  Speaker 4: I don't do you don't that's true source on the
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  Speaker 4: side only, Oh.
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  Speaker 3: My god, it's just like a horoscope. What's mine?
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  Speaker 5: Okay, oh god, you dabble in an aoli not on,
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  Speaker 5: but you have tomatoes on your hot chips?
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  Speaker 1: I do?
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  Speaker 3: Oh yeah. Like if it's tomato sauce, put it all over.
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  Speaker 3: If it's I need a tipp What if it's to garlaki?
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  Speaker 5: Yes, I see that.
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  Speaker 3: I see that.
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  Speaker 5: Oh my god, this is crazy, something weird having today?
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  Speaker 3: God, what's yours?
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  Speaker 6: Well?
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  Speaker 3: What came to me first?
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  Speaker 5: Obviously petrol, even though it's like it does feel like
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  Speaker 5: it's always been a bit of a luxury, but it's
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  Speaker 5: still kind of you didn't feel bad for buying it.
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  Speaker 5: Now I feel bad for buying it. But also Milo,
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  Speaker 5: I just really loved, my mind, I can.
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  Speaker 3: Really buy that anymore. I just realized how much is Milo.
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  Speaker 3: That's not something that I keep in the pantry. But
• 7:19
  Speaker 3: growing up, yes, that was Milo and ice cream, and
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  Speaker 3: then you mix it really quick until it basically becomes
• 7:24
  Speaker 3: soft surf. Oh my god, delicious in every form.
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  Speaker 5: It is so good. Like the smallest when you can
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  Speaker 5: buy I'm pretty sure for memories still like eight.
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  Speaker 3: Or nine dollars, no, yeah, illegal, I.
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  Speaker 5: Think even like the big ones, the ones that were
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  Speaker 5: like probably max thirteen dollars and probably now.
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  Speaker 3: Like twenty No, that's something like I'm going to call
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  Speaker 3: the Prime minister up. It's crazy. I have I have
• 7:50
  Speaker 3: some clumps.
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  Speaker 4: I know, it's so sad you talk about this cost
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  Speaker 4: of living crisis.
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  Speaker 5: I wish things went up and down like petrol. You know,
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  Speaker 5: it's like, okay, it's not expendive anymore, let's put it
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  Speaker 5: back down now. No, anyway, that's how well works, I suppose.
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  Speaker 3: And uve I was thinking about this when you guys
• 8:06
  Speaker 3: were talking, and the luxury thing kind of stuck with me,
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  Speaker 3: Like what do I think is a luxury now? Lunch?
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  Speaker 3: Like buying lunch out at work, like it used to
• 8:19
  Speaker 3: be for me, Like obviously it was always the more
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  Speaker 3: expensive option. You could have always saved money by bringing
• 8:24
  Speaker 3: a sambo, right, But like in my head, lunch at
• 8:27
  Speaker 3: work used to be like ten or twelve dollars, Like
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  Speaker 3: I'd walk down and just get some sushi, sushi, two
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  Speaker 3: hand rolls and I'm done, sometimes three sometimes three and
• 8:35
  Speaker 3: a nice tea, like it just depends how hungry I was.
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  Speaker 3: But like that never cost me more than like twelve bucks.
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  Speaker 3: Why as sandwiches at the deli like twenty five to
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  Speaker 3: twenty nine dollars.
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  Speaker 5: The costs.
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  Speaker 3: I don't understand. That is not lunch. That is a
• 8:51
  Speaker 3: dining out experience, Like I just go. I'm still going
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  Speaker 3: to seven to eleven for my sandwich, So that's like
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  Speaker 3: not the luxury but even just popping to the cafe
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  Speaker 3: for lunch, which historically in my head is like, yes,
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  Speaker 3: it's the more expensive lunch option, but now it's like
• 9:05
  Speaker 3: super premium lucks.
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  Speaker 5: Yeah, that's so true.
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  Speaker 3: Anyway, that's where I'm at. I hope that answered your question, Chanelle.
• 9:12
  Speaker 3: And if you've got a question that you want us
• 9:13
  Speaker 3: to answer on the show, please my friends send it through.
• 9:17
  Speaker 3: Literally nothing is too niche to random, more arguably too unhinged.
• 9:20
  Speaker 3: Those are arguably her favorite. Like that's what we want
• 9:23
  Speaker 3: to hear, all right, miss jesse Garici. Let's get into
• 9:26
  Speaker 3: the good stuff. What money wins or confessions have the
• 9:28
  Speaker 3: community had this week?
• 9:29
  Speaker 4: All right? Starting off with what Lannie says. It's a
• 9:32
  Speaker 4: money lost, but in the best type of way. She
• 9:33
  Speaker 4: said she heard a colleague's friend had a surprise baby,
• 9:36
  Speaker 4: and she offered them all of their baby stuff, the catchull,
• 9:39
  Speaker 4: the pram, the cot, the mattress. Probably around six hundred
• 9:42
  Speaker 4: dollars worth of stuff that she'd purchased secondhand.
• 9:45
  Speaker 3: So sweet.
• 9:45
  Speaker 4: She said she was beyond happy to one not have
• 9:47
  Speaker 4: to do with Facebook marketplace and to be able to
• 9:49
  Speaker 4: help someone out that needs it. And then she said,
• 9:52
  Speaker 4: maybe this is their money win. I really think what
• 9:54
  Speaker 4: goes around comes around.
• 9:57
  Speaker 1: That.
• 9:57
  Speaker 3: I have questions. Did you have surprise baby in that
• 10:01
  Speaker 3: you fell pregnant by surprise or did you have a
• 10:04
  Speaker 3: surprise baby because you thought you had an appendicitis and
• 10:08
  Speaker 3: you went to the hospital and bam, you had a baby.
• 10:11
  Speaker 4: I am curious. Let us know, lady, what happened to.
• 10:13
  Speaker 3: You, because I've heard those stories.
• 10:14
  Speaker 5: They terrify me, very very seriously.
• 10:17
  Speaker 4: Next, I've got a money in from Marina, who said
• 10:19
  Speaker 4: a potentially petty money in arguably my personal favorite.
• 10:23
  Speaker 3: Yeah, they're my favorite. She said.
• 10:25
  Speaker 4: She lives across from an oval and there's a person
• 10:27
  Speaker 4: who keeps golfing there and balls are landing too close
• 10:30
  Speaker 4: to her house. A fair few of landed right in
• 10:32
  Speaker 4: her front yard by the window.
• 10:34
  Speaker 3: That's dangerous.
• 10:35
  Speaker 4: Well, on top of that, one day, this rude man
• 10:37
  Speaker 4: left all of his balls scattered all across the oval,
• 10:40
  Speaker 4: so Marina walked over collected them all and sold them
• 10:42
  Speaker 4: on Facebook marketplace.
• 10:44
  Speaker 3: Icon and I love that fair icon. You make sure
• 10:47
  Speaker 3: you take note of that man because if he ever
• 10:49
  Speaker 3: breaks your window, that's who you're gonna have to go to.
• 10:53
  Speaker 4: Next, Victoria said, I've been picking meals from Chelsea Goodwin's
• 10:57
  Speaker 4: book Ten Dollar Meals with Chelsea great money, and the
• 11:00
  Speaker 4: bonus recipes are super tasty. If you haven't already, Victoria,
• 11:03
  Speaker 4: we have a great episode with Chelsea. She's fantastic, and
• 11:07
  Speaker 4: a little ebook on my website as well. Next, I've
• 11:09
  Speaker 4: got a money win from Kate, who said my biggest
• 11:10
  Speaker 4: money win is my shift in mindset, the empowerment to
• 11:13
  Speaker 4: push through debt and see the light. I've been getting
• 11:16
  Speaker 4: dopamine now from delayed gratification instead of inst I love.
• 11:20
  Speaker 5: Well, that's beautiful and I'm.
• 11:21
  Speaker 4: A really big fan of that. I think it's amazing.
• 11:23
  Speaker 4: And then lastly this week I've got a money win
• 11:25
  Speaker 4: from Mea which you guys might have seen this, but
• 11:27
  Speaker 4: just in case you haven't, free public transport in Victoria
• 11:30
  Speaker 4: for April twenty twenty six. That is so good money.
• 11:33
  Speaker 4: If ever I've heard one God bless God, Bless God,
• 11:35
  Speaker 4: bless We love that.
• 11:37
  Speaker 3: I love that, and I feel like there is literally
• 11:39
  Speaker 3: nothing better than a community that like hipes each other
• 11:41
  Speaker 3: up like sorry, we share like little money tips and
• 11:44
  Speaker 3: tricks with each other each week. So slyh, I love
• 11:46
  Speaker 3: it all right, Beck, hit us with your broke tips
• 11:49
  Speaker 3: for the week.
• 11:49
  Speaker 5: What have you got so as per, I've got two
• 11:52
  Speaker 5: from the community. This first one comes from Chloe, who
• 11:54
  Speaker 5: says instead of doing a full grocery shop every week,
• 11:57
  Speaker 5: she now does a pantry shop where she has to
• 12:00
  Speaker 5: build at least three meals using what she's already got
• 12:02
  Speaker 5: at home before she's allowed to go to the supermarket.
• 12:05
  Speaker 5: She said it's cut her grocery bill almost in half
• 12:08
  Speaker 5: because she realized she already had so much random stuff
• 12:11
  Speaker 5: sitting in the cupboard, which is a great, great, great tip.
• 12:13
  Speaker 5: I know we've mentioned something similar before where you make
• 12:15
  Speaker 5: sure you check your pantry we have a home before
• 12:18
  Speaker 5: you do go grocery shopping, but this is takes it
• 12:20
  Speaker 5: a step further, I think, which is like, no, I.
• 12:22
  Speaker 3: Need to find three meals and what am I doing
• 12:24
  Speaker 3: with these lentils?
• 12:25
  Speaker 5: Totally And also a reminder that there are websites you
• 12:29
  Speaker 5: just have to google. I don't know what they call it,
• 12:30
  Speaker 5: but listing your ingredients and it will generate a recipe
• 12:35
  Speaker 5: for you based on what you have at home. So
• 12:37
  Speaker 5: I yeah, i'd say just google that. I don't think
• 12:39
  Speaker 5: there's one specific one that I use. The next one
• 12:42
  Speaker 5: comes from Mia, who says that she started using her
• 12:45
  Speaker 5: notes app as a running wish list for anything she
• 12:47
  Speaker 5: wants to buy that isn't essential. She has to leave
• 12:49
  Speaker 5: it on the list for seven days before she can
• 12:51
  Speaker 5: actually purchase it.
• 12:52
  Speaker 3: That's better than now in twenty four hour rule.
• 12:54
  Speaker 5: Yeah, seven days, that's like, that's a lot.
• 12:57
  Speaker 3: She said.
• 12:57
  Speaker 5: About eighty percent of the time she completely FETs bout
• 13:00
  Speaker 5: or realize this, she doesn't actually want it, which is
• 13:02
  Speaker 5: so humbling but also very good for your bank account.
• 13:05
  Speaker 3: I love it, I do love it, And Beck say ed,
• 13:07
  Speaker 3: what is your broad tip?
• 13:08
  Speaker 5: Okay, so as maybe everyone knows I cannot find a
• 13:12
  Speaker 5: goddamn job, and I really quickly this is not part
• 13:15
  Speaker 5: of the broke tip, but I want to quickly mention
• 13:17
  Speaker 5: that if you.
• 13:17
  Speaker 3: Want to hire Beck, message back yessually, I've got her details.
• 13:22
  Speaker 3: I've got a Beck for sale. How much, thank you
• 13:24
  Speaker 3: so much, thank you so much.
• 13:25
  Speaker 5: I should say it's not because I'm a bad workouts
• 13:27
  Speaker 5: because unfortunately it's hard to.
• 13:29
  Speaker 3: Get a job right now in the job marketing, so cruent.
• 13:31
  Speaker 3: I think a lot of people listening to this are
• 13:33
  Speaker 3: going to be like, ah, yes, queen, we see you.
• 13:35
  Speaker 5: Seriously, I cannot find a job anyway, But I decided
• 13:38
  Speaker 5: that I would rather just be broke than broke and
• 13:40
  Speaker 5: feel shame as well. So I am broke, but not shameful. Anyway.
• 13:45
  Speaker 5: I was talking to my friend who works in family violence,
• 13:47
  Speaker 5: who said that there is something called PRAP Private Rental
• 13:51
  Speaker 5: Assistance Program and basically this form is I'm going to
• 13:54
  Speaker 5: read out the form. This form is used to apply
• 13:56
  Speaker 5: for funding when you have been approved for a property
• 13:58
  Speaker 5: and need help with the first month's rent, or when
• 14:01
  Speaker 5: you are behind in your rent. Before applying, you need
• 14:04
  Speaker 5: some documents for too id income, all this kind of stuff,
• 14:07
  Speaker 5: but basically you don't need In my mind, you need
• 14:09
  Speaker 5: to be on sendling. But I don't think you need
• 14:11
  Speaker 5: to be on sendling for this one. You just need
• 14:12
  Speaker 5: to be that's cool in a position where you are
• 14:15
  Speaker 5: just struggling to pay your bills and need some help.
• 14:19
  Speaker 3: So have a little Google.
• 14:21
  Speaker 5: It's Unison PRP Private rental assistance program.
• 14:26
  Speaker 3: If you are struggling, that's amazing. There are so many
• 14:28
  Speaker 3: good things in this world.
• 14:30
  Speaker 4: I know.
• 14:30
  Speaker 5: Isn't that incredible?
• 14:31
  Speaker 1: I love that.
• 14:31
  Speaker 3: All Right, let's take a really quick break. But when
• 14:33
  Speaker 3: we come back, I am diving straight into this week's
• 14:36
  Speaker 3: money dilemma because I have a feeling it's going to
• 14:38
  Speaker 3: be very, very relatable.
• 14:43
  Speaker 4: Welcome back, everybody. Let's take a listen to this week's
• 14:46
  Speaker 4: money dilemma.
• 14:48
  Speaker 6: Hi, there, have you got a money dilemma you just
• 14:51
  Speaker 6: can't solve? The Sheese on the Money team is here
• 14:53
  Speaker 6: to help. Every week, we tackle your dilemmas, both big
• 14:57
  Speaker 6: and small, to answer your most burning money, career and
• 14:59
  Speaker 6: life I questions. To get involved, simply head to our
• 15:02
  Speaker 6: website and leave us a short voice recording and you
• 15:05
  Speaker 6: might just find yourself on the show.
• 15:07
  Speaker 3: Now, let's take a listen to this week's money dilemma. Hey,
• 15:12
  Speaker 3: she'sing the money.
• 15:13
  Speaker 2: I have a quick question just regarding a lifestyle creep
• 15:17
  Speaker 2: and every day spending. So how do you know the
• 15:22
  Speaker 2: difference between a lifestyle creep and just everyday expenses increasing?
• 15:29
  Speaker 2: For example, I feel like I'm spending a lot more
• 15:32
  Speaker 2: money now than I was three years ago, but I'm
• 15:35
  Speaker 2: not spending money on unnecessary things. It's just more groceries
• 15:40
  Speaker 2: have increased, fuel is increased, and I have a few
• 15:45
  Speaker 2: more bills to pay than I did three years ago.
• 15:48
  Speaker 2: With of some help on how to navigate that and
• 15:52
  Speaker 2: not feel so guilty for spending more money just on
• 15:55
  Speaker 2: everyday life.
• 15:56
  Speaker 4: And discuss I think that exactly what you say is
• 16:00
  Speaker 4: how you determine lifestyle creep refers specifically to not necessarily
• 16:04
  Speaker 4: spending more money, but spending more money on a more
• 16:08
  Speaker 4: luxurious lifestyle is the best fact can explain it. So
• 16:11
  Speaker 4: the example of Victoria always gives that I think is
• 16:13
  Speaker 4: a really great one. Is you know, when you're on
• 16:15
  Speaker 4: a lower income, you might have been purchasing your makeup
• 16:17
  Speaker 4: at the grocery store, like a Woolies or Coals, and
• 16:20
  Speaker 4: then you earn a bit more money, you've graduated to
• 16:22
  Speaker 4: like a price line or a camast warehouse, and then
• 16:25
  Speaker 4: once you earn a bit more money than that, you're
• 16:26
  Speaker 4: shopping it like your Mecca and your Sophora. And so
• 16:29
  Speaker 4: it's like you're buying the same products, but you're buying
• 16:31
  Speaker 4: more expensive versions of those products. And I think it's
• 16:34
  Speaker 4: particularly relevant if the product is not servicing you in
• 16:37
  Speaker 4: the same way. So like graduating from you know, a
• 16:41
  Speaker 4: home brand flower to a name brand flower, it's the
• 16:43
  Speaker 4: same thing. It's doing the same job. I think it's
• 16:46
  Speaker 4: a little bit different if you're looking at two things
• 16:49
  Speaker 4: and I'm trying to think of an example, like two
• 16:51
  Speaker 4: things that are different, but the more expensive.
• 16:53
  Speaker 3: One jams tim jams have gone up. That's not lifestyle creep.
• 16:57
  Speaker 3: You still deserve your tymtams, but they're taking them. Absolutely, Niki, Absolutely.
• 17:01
  Speaker 4: I think like you can sometimes upgrading to a more
• 17:05
  Speaker 4: expensive thing it might work better. Like I'm thinking about
• 17:09
  Speaker 4: maybe an appliance from a Kmar. Like a lot of
• 17:11
  Speaker 4: my appliances that I bought when I was young from
• 17:13
  Speaker 4: Camar would break within twelve months.
• 17:15
  Speaker 3: Yeah, so I think buy it was buy it right.
• 17:16
  Speaker 4: Yeah, So I think investing in a more expensive version,
• 17:19
  Speaker 4: I would not personally always consider that lifestyle creep. If
• 17:22
  Speaker 4: you're investing in a higher quality will last you longer.
• 17:26
  Speaker 4: But I think it's really about spending more on luxury items.
• 17:29
  Speaker 4: If the things you're already buying are increasing in price,
• 17:32
  Speaker 4: that's actually out of your control and it's almost like
• 17:34
  Speaker 4: reverse lifestyle creep. I feel like when you go, Okay,
• 17:36
  Speaker 4: well I have to cut those things because you mean,
• 17:38
  Speaker 4: like I don't buy chips anymore, and so it's like, well,
• 17:40
  Speaker 4: to me, it's like I'm moving backwards almost in terms
• 17:43
  Speaker 4: of the lifestyle creep in that aspect. In terms of
• 17:46
  Speaker 4: the guilt, I think you just need to give yourself grace,
• 17:48
  Speaker 4: like we're all doing the best we can. If the
• 17:50
  Speaker 4: things you buy regularly are getting more expensive, there's not
• 17:53
  Speaker 4: much you can do about that other than considering whether
• 17:56
  Speaker 4: or not there are things you can swap out. You know,
• 17:58
  Speaker 4: my red Rock Delli chips became the cold brands, and
• 18:00
  Speaker 4: you know, then it became what we only buy those
• 18:03
  Speaker 4: every so often that it's hard to feel like you're
• 18:07
  Speaker 4: just keeping yourself afloat. And I get that, but also
• 18:11
  Speaker 4: I think with everything that's going on at the moment,
• 18:13
  Speaker 4: we do sometimes just have to be kind to ourselves.
• 18:15
  Speaker 4: And you know, if you haven't already reviewed your budget,
• 18:18
  Speaker 4: make sure everything's in order that if you're doing the
• 18:20
  Speaker 4: best you can. Like that is completely okay.
• 18:23
  Speaker 5: Yeah, I completely agree with you. And I have one
• 18:25
  Speaker 5: friend in particular who is always really hard on myself
• 18:28
  Speaker 5: because she's saying, I'm just spending so much money. I'm
• 18:31
  Speaker 5: just like buying silly things, and like, no, there's a
• 18:34
  Speaker 5: point where like the world is getting more expensive. You're
• 18:37
  Speaker 5: making the same money, things are just more expensive. Unfortunately
• 18:39
  Speaker 5: ND have as much left over at the end of
• 18:42
  Speaker 5: the month or at the end very pay cycle. So yeah,
• 18:45
  Speaker 5: it's sounding very much like not lifestyle creep and very
• 18:49
  Speaker 5: much like the world is getting more expensive. So I
• 18:52
  Speaker 5: think go easy on yourself, be kind to yourself exactly.
• 18:56
  Speaker 3: You said, you're clearly quite self aware, like you're asking
• 19:00
  Speaker 3: this question and you're probably feeling bad about it because
• 19:03
  Speaker 3: money is hard at the moment, but economically, wage growth
• 19:07
  Speaker 3: is not keeping up with inflation. Like at the end
• 19:10
  Speaker 3: of the day, stuff is getting more expensive and we're
• 19:13
  Speaker 3: not getting paid more. Like that is the crux of
• 19:15
  Speaker 3: the whole story, and that is really trashy, Like that
• 19:18
  Speaker 3: doesn't feel good. And you know what, you haven't come
• 19:21
  Speaker 3: this far and you know gotten to this part in life.
• 19:24
  Speaker 3: You know, Chips is a great example. You're like, hold on,
• 19:27
  Speaker 3: hold on, where's the line? Because you have a good job,
• 19:30
  Speaker 3: you put in the same time, energy and effort, and
• 19:33
  Speaker 3: you're trying really hard and all of that other stuff
• 19:35
  Speaker 3: but you're like, stuff is just so expensive. So I
• 19:38
  Speaker 3: now feel like I'm not even living the same life
• 19:40
  Speaker 3: as I was before, but I'm maybe even putting in
• 19:42
  Speaker 3: more effort now or saving better or investing better, but
• 19:46
  Speaker 3: I still can't afford. Chibbi's like, what the hell is
• 19:50
  Speaker 3: going on? So I think, yes, lifestyle creep is something
• 19:53
  Speaker 3: to be aware of. And as you said, just my
• 19:56
  Speaker 3: favorite example is makeup. But not is that it's lifestyle creep.
• 20:02
  Speaker 3: Is not your life inflating. So I mean, if rent
• 20:07
  Speaker 3: is the problem, yes, that's not your fault. But I
• 20:09
  Speaker 3: mean if you've just upgraded to a three bedroom house
• 20:11
  Speaker 3: and you're a single dude, like, that's probably a different story.
• 20:15
  Speaker 3: That maybe is lifestyle creep. And then you just need
• 20:17
  Speaker 3: to look at it between the discretionary items that you're
• 20:20
  Speaker 3: purchasing and the essentials, and that's probably where your answer is.
• 20:24
  Speaker 3: All right, let's slide on into our own DMS this week.
• 20:28
  Speaker 3: You guys have been sending through some very juicy situations
• 20:30
  Speaker 3: and this one is absolutely no exception. Hey, she's on
• 20:33
  Speaker 3: the money. I hope you guys are doing well. I've
• 20:36
  Speaker 3: got a dilemma. I really need your advice on money
• 20:39
  Speaker 3: decisions in my marriage. I've heard on the podcast about
• 20:42
  Speaker 3: couples where one person makes all the money decisions without
• 20:45
  Speaker 3: consulting the other, and honestly, that's me. My husband doesn't
• 20:50
  Speaker 3: really have financial goals and isn't interested in looking at
• 20:53
  Speaker 3: the budget, so I end up taking it all on.
• 20:56
  Speaker 3: Do you guys have any tips for getting him more
• 20:59
  Speaker 3: involved and helping me feel less guilty about being the
• 21:02
  Speaker 3: one that makes all the decisions.
• 21:04
  Speaker 5: Guilty, I'm thinking at the start of this, I was like,
• 21:08
  Speaker 5: do you feel do you feel overloaded? Do you feel
• 21:11
  Speaker 5: like you're taking on all the mental load?
• 21:13
  Speaker 3: It's great?
• 21:14
  Speaker 5: Do you feel angry? I would feel angry, but I
• 21:17
  Speaker 5: am hearing guilty at the end, and I.
• 21:21
  Speaker 3: That see that resonated with me because, like on the
• 21:25
  Speaker 3: flip side, it's not how my relationship works. But I'm like,
• 21:30
  Speaker 3: so taype Ai, so like my way or the highway.
• 21:33
  Speaker 3: Sometimes that I'm like, oh, Steve, we want to do this,
• 21:36
  Speaker 3: and then I'm like, oh, I feel guilty. I've made
• 21:38
  Speaker 3: that decision without consulting him. This wasn't a partnership, Like
• 21:41
  Speaker 3: I need to backtrack, and that's why I feel guilty.
• 21:43
  Speaker 3: So when I heard her say Oh, basically, my husband's
• 21:46
  Speaker 3: letting me do all this stuff, and I feel kind
• 21:48
  Speaker 3: of guilty because whenever I try to get him involved,
• 21:50
  Speaker 3: he doesn't want to be involved.
• 21:51
  Speaker 5: I wish there was a world where men thought this
• 21:54
  Speaker 5: when they're partners. I'm being very, very stereotypical here, but
• 21:57
  Speaker 5: when they're generally female partners, staying home with the kids
• 22:01
  Speaker 5: and not having any super all of these things, guilt
• 22:05
  Speaker 5: should be applied then in that situation, I would think.
• 22:08
  Speaker 5: But if like your husband, he's I'm sure he's got
• 22:11
  Speaker 5: a job, he's probably not sacrificing a whole ten twenty
• 22:14
  Speaker 5: years of his entire life where he could be making
• 22:16
  Speaker 5: money to take care of your shared children. I just
• 22:19
  Speaker 5: don't They shouldn't be a guilt, shouldn'tel bad about it
• 22:22
  Speaker 5: if he wants to be involved, If you're like keeping
• 22:24
  Speaker 5: him in the loop and in no way he's like
• 22:26
  Speaker 5: financially compromised, or he could be in a really bad
• 22:31
  Speaker 5: place in the future because of I guess, like not
• 22:36
  Speaker 5: really being open to or into or like part of
• 22:39
  Speaker 5: the financial decisions that you're making, then feel bad. But
• 22:42
  Speaker 5: I think if he's like chillin' he's got a job,
• 22:45
  Speaker 5: you're both working. You're both like, maybe I'm being too pessimistic,
• 22:48
  Speaker 5: but I'm like, I don't think it matters too much
• 22:50
  Speaker 5: unless one party is going to be very obviously financially
• 22:55
  Speaker 5: Like what's the word I'm looking for, impacted in the
• 22:57
  Speaker 5: future in like a negative way. I think it's so
• 23:00
  Speaker 5: fun unless you're tired of carrying the mental load, and
• 23:03
  Speaker 5: then you should not feel guilty angry.
• 23:05
  Speaker 3: That's a different story, different story. That's a different story. Yes, yeah,
• 23:08
  Speaker 3: I agree.
• 23:08
  Speaker 4: I think the key thing for me in that message
• 23:10
  Speaker 4: was that you said that he doesn't care to be
• 23:12
  Speaker 4: involved or he's not really interested. So I think you
• 23:15
  Speaker 4: that should absolve you of any guilt, Like if he's
• 23:18
  Speaker 4: not wanting to participate and you're going, okay, well one
• 23:20
  Speaker 4: of us has got to do it. I guess it's
• 23:22
  Speaker 4: going to be me. Good on you, queen, like, don't
• 23:24
  Speaker 4: feel bad about that. To Echobeck sentiment, I think that
• 23:28
  Speaker 4: it depends on how you feel. Like some people like
• 23:30
  Speaker 4: Victoria are really happy to take that load on. For others,
• 23:32
  Speaker 4: I think it's to me. Yeah, I think the load
• 23:35
  Speaker 4: might not be something you want to carry. It might
• 23:36
  Speaker 4: be something you at least want some interesting in which
• 23:38
  Speaker 4: case I think you should raise that with him. It's
• 23:40
  Speaker 4: very relevant. You're his partner, not his parent. It is
• 23:43
  Speaker 4: a partnership, and sometimes we have to do things you
• 23:45
  Speaker 4: don't like. I don't like going to the grocery store.
• 23:47
  Speaker 4: Do I do it? Sometimes? Absolutely? So it's like one
• 23:49
  Speaker 4: of those things. But I think if you are wanting
• 23:51
  Speaker 4: to raise the conversation, my advice would be sit him
• 23:54
  Speaker 4: down and kind of explain, you know, explain you feeling guilty.
• 23:58
  Speaker 4: I think that's important because I would never want my
• 24:00
  Speaker 4: partner to be feeling guilty about something because of a
• 24:03
  Speaker 4: choice that I've made, So I think that probably would
• 24:05
  Speaker 4: be quite impactful. And then explain like I'm packing a
• 24:08
  Speaker 4: little bit, Explain why I say I feel like I'm
• 24:10
  Speaker 4: making decisions without you, or I'm feeling stressed because I'm
• 24:13
  Speaker 4: carrying all of this by myself. Your partner theoretically like
• 24:18
  Speaker 4: loves you and they want you. Theoretically, Yeah, well, I
• 24:22
  Speaker 4: know I goes sweepy shabit, but you know, I mean
• 24:24
  Speaker 4: like you're together because you love each other and you
• 24:25
  Speaker 4: want to make each other's lives easier and you want
• 24:27
  Speaker 4: to build a great future together. If your goal oriented
• 24:30
  Speaker 4: and he's not that is okay, but you still need
• 24:33
  Speaker 4: to find a middle ground where you don't feel like
• 24:34
  Speaker 4: you're doing it all by yourself.
• 24:35
  Speaker 3: Yeah, yeah, no, I agree. I don't have a lot
• 24:38
  Speaker 3: to add here because, as I said before, oh I
• 24:40
  Speaker 3: resonate with that, And historically what I've done is be like, hey, Steve,
• 24:45
  Speaker 3: I feel like I'm making all the decisions here, like
• 24:47
  Speaker 3: did you have anything to add, Like what are you thinking?
• 24:50
  Speaker 3: And most of the time, when it's about stuff like that,
• 24:53
  Speaker 3: he's like, oh, I don't care, and I'll be like, yeah,
• 24:56
  Speaker 3: but surely you care. He's like no, no, no, like
• 24:58
  Speaker 3: I think you're making good decisions, like I don't need
• 25:00
  Speaker 3: to get involved.
• 25:01
  Speaker 4: Like you should care because yeah, it packs you care more.
• 25:06
  Speaker 3: And then I'm annoyed when he does care too much,
• 25:08
  Speaker 3: and I'm like, but I didn't want him pink, I
• 25:10
  Speaker 3: wanted it in blue. What are you talking about? Imagine?
• 25:14
  Speaker 3: But literally like I would as you said, yes, you're
• 25:17
  Speaker 3: absolved of any guilt if he doesn't want to be
• 25:19
  Speaker 3: involved and you've been like, hey, what's going on? And
• 25:22
  Speaker 3: then t Beck's comment, but do you feel anger because
• 25:25
  Speaker 3: that's different than guilt.
• 25:26
  Speaker 4: And it's also valid, yes, very valid, Yes, but what
• 25:30
  Speaker 4: don't everybody else say?
• 25:31
  Speaker 3: Oh my goodness. So first things first, I asked them
• 25:33
  Speaker 3: a few questions. First question was, how do you split
• 25:35
  Speaker 3: money management in your relationship. Fifty seven percent of you
• 25:39
  Speaker 3: said fifty to fifty. I love this, that's not very
• 25:43
  Speaker 3: nineteen fifties of us, thirty nine percent said I manage everything.
• 25:47
  Speaker 4: That's a big amount.
• 25:49
  Speaker 3: That's a big amount, and four percent said, my partner
• 25:51
  Speaker 3: manages everything.
• 25:52
  Speaker 4: I feel like that tracks because the people who are
• 25:54
  Speaker 4: listening to this show.
• 25:55
  Speaker 3: Would be the people. Yeah, the people in our community
• 25:58
  Speaker 3: you care about money. I can't imagine people who are like,
• 26:02
  Speaker 3: I don't want anything to do with the family finances
• 26:04
  Speaker 3: is going to go you know what I'm going to
• 26:05
  Speaker 3: listen to.
• 26:06
  Speaker 5: Yeah, they're the people I want to get. So that's true.
• 26:09
  Speaker 3: I'll work out a way. The next question I asked
• 26:12
  Speaker 3: was have you ever had to speak to your partner
• 26:14
  Speaker 3: about sharing the mental load when it comes to finances.
• 26:17
  Speaker 3: Thirty percent of you said yes, I have and it
• 26:19
  Speaker 3: went well. Twenty nine percent of you said I haven't good,
• 26:23
  Speaker 3: have gone better? And forty two percent of you, again,
• 26:25
  Speaker 3: I think this is reflective of our community, said thankfully,
• 26:28
  Speaker 3: I haven't.
• 26:29
  Speaker 4: Yeah, that was a way better split than I thought
• 26:31
  Speaker 4: it would be.
• 26:31
  Speaker 3: To be honest, Then, as always, we said community, what
• 26:35
  Speaker 3: is your two cents? First person says, my hubby's more
• 26:39
  Speaker 3: focused on an end goal how we get there. He
• 26:42
  Speaker 3: couldn't give two hoots, which is fair.
• 26:44
  Speaker 4: If that's how you guys want to split things and
• 26:46
  Speaker 4: everybody's happy, that's not totally fine exactly.
• 26:48
  Speaker 3: He's just like, babe, I'm happy to strap in. You
• 26:51
  Speaker 3: said that we're going here, you can drive. Thanks. Next
• 26:54
  Speaker 3: person said, honestly, I'd take it as a blessing that
• 26:57
  Speaker 3: you are the one in control. No arguing, no deceit,
• 26:59
  Speaker 3: just trusting your own instincts. Yeah, I think that's cute,
• 27:02
  Speaker 3: But I also want my husband to have an opinion.
• 27:05
  Speaker 3: Maybe I don't. Maybe I need to revisit this. Yeah,
• 27:08
  Speaker 3: maybe I want a whole new relationship dynamic.
• 27:11
  Speaker 5: We gonna say relationship, Okay, not at this point.
• 27:16
  Speaker 3: Not at this point. Next person said, I really wouldn't
• 27:19
  Speaker 3: date someone, let alone marry someone who didn't want to
• 27:22
  Speaker 3: share my financial goals. Another person said they need a
• 27:26
  Speaker 3: He's on the Money podcast for this fellow who won't
• 27:28
  Speaker 3: pick up a book just because it's.
• 27:30
  Speaker 4: Pink, doesn't mean he can't listen, That's all I'm saying.
• 27:32
  Speaker 3: Well, we have a lot of men in our community,
• 27:35
  Speaker 3: and I appreciate them, but they're allowed here because they
• 27:37
  Speaker 3: are our people, you know. Another person said, the person
• 27:41
  Speaker 3: or the people in the coupling that are more financially
• 27:44
  Speaker 3: in that mindset should be the one taking lead.
• 27:47
  Speaker 5: Sure, sure lift each other agrees.
• 27:49
  Speaker 1: Yeah.
• 27:49
  Speaker 3: Someone else said, I told my husband that he needs
• 27:51
  Speaker 3: to know where our money goes so he knows I'm
• 27:53
  Speaker 3: not embezzling our family.
• 27:55
  Speaker 4: That's hilarious.
• 27:55
  Speaker 5: I feel like that would be me.
• 27:58
  Speaker 3: Please sit down, because I don't want you to think
• 28:00
  Speaker 3: I'm stealing money from this household. Another person said, if
• 28:04
  Speaker 3: he wants his spending budget, he can be involved in
• 28:07
  Speaker 3: the budget. Yeah, she's withholding it. She's like, if you're
• 28:11
  Speaker 3: not involved in the budget, you get no budget.
• 28:14
  Speaker 4: I don't hate that.
• 28:15
  Speaker 3: Take men who have to advocate for themselves.
• 28:18
  Speaker 5: What manas God spending it on? Just sorry.
• 28:23
  Speaker 3: Another person said, we make the decisions together, and then
• 28:26
  Speaker 3: I just manage the whole thing because I'm controlling.
• 28:29
  Speaker 5: I love you.
• 28:30
  Speaker 3: And then someone else said, and this is going to
• 28:31
  Speaker 3: be the last one that I share, said, my partner
• 28:33
  Speaker 3: actually has ADHD. Trying to get him to pay a
• 28:36
  Speaker 3: bill when it comes to it is near impossible. So
• 28:39
  Speaker 3: I just take the lead and that's just how our
• 28:41
  Speaker 3: relationship works. Well, okay, I think that one's a good
• 28:44
  Speaker 3: one as well, because there are reasons why people might
• 28:47
  Speaker 3: not want to be super involved. Totally don't involve just
• 28:50
  Speaker 3: being like, oh, I'm scared of money or I don't
• 28:52
  Speaker 3: want to talk about our finances. They're like, baby, if
• 28:54
  Speaker 3: you give me the responsibility, that's terrible, Like I won't
• 28:59
  Speaker 3: do it, will be in more of a financial pickle,
• 29:01
  Speaker 3: and then yeah, you can work it out from there.
• 29:03
  Speaker 4: Right, Every partnership is different. It's about finding what works
• 29:06
  Speaker 4: for you and making sure that you don't feel bad
• 29:08
  Speaker 4: about it. There's nothing wrong with your dynamic except for
• 29:10
  Speaker 4: the fact that you're feeling guilt.
• 29:12
  Speaker 3: Yes, exactly, and we don't want to do that. So
• 29:13
  Speaker 3: hopefully this has helped a little bit solve that. But
• 29:17
  Speaker 3: as no surprise to anybody, the key to this is communication.
• 29:22
  Speaker 3: Crazy All right, my friends, that is all we have
• 29:24
  Speaker 3: time for today. As always, thank you so much for
• 29:27
  Speaker 3: being a part of our beautiful community, whether you're listening
• 29:30
  Speaker 3: on your walk or in your car or you're pretending
• 29:32
  Speaker 3: to work. We do really appreciate you. Have the best weekend,
• 29:35
  Speaker 3: look after yourselves, and we will see you bright and
• 29:37
  Speaker 3: early on Monday morning for a brand new money diary.
• 29:40
  Speaker 5: Bye guys, Bye bye.
• 29:48
  Speaker 6: The advice shared on She's on the Money is general
• 29:50
  Speaker 6: in nature and does not consider your individual circumstances. She's
• 29:54
  Speaker 6: on the Money exists purely for educational purposes and should
• 29:58
  Speaker 6: not be relied upon to make an investment financial decision.
• 30:01
  Speaker 6: If you do choose to buy a financial product, read
• 30:04
  Speaker 6: the PDS TMD and obtain appropriate financial advice.
• 30:07
  Speaker 3: Tailored towards your needs.
• 30:09
  Speaker 6: Victoria Divine and She's on the Money are authorized representatives
• 30:13
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• 30:15
  Speaker 6: N three two one six four nine two seven seven
• 30:19
  Speaker 6: zero eight AFS L four five one two eight nine