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FRIDAY DRINKS: Auxiliary Spending · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
0:13
Speaker 2: Hello and welcome. She's on the Money, the podcast for
0:17
Speaker 2: millennials who want financial freedom. Welcome to another one of
0:21
Speaker 2: our Friday Drinks episodes where we celebrate the money wins
0:24
Speaker 2: and confessions from our Shees on the Money community, because
0:27
Speaker 2: there are always so many great money wins and confessions
0:30
Speaker 2: that are shared every single week in our Facebook group,
0:33
Speaker 2: and the team and I, even though we are in
0:36
Speaker 2: lockdown from home, spend a very big part of our
0:38
Speaker 2: days and weeks talking about the things that you guys
0:41
Speaker 2: share in our group slack chat, not the office because
0:44
Speaker 2: we're not there. But this episode is all about celebrating
0:47
Speaker 2: you guys and the successes that you have and having
0:49
Speaker 2: more positive and constructive conversations around money. So let's jump
0:53
Speaker 2: straight into it, Tony, what happened in it this week's
0:57
Speaker 2: Money Diary.
0:58
Speaker 1: So this week's Money Diary, we took to a lovely
1:01
Speaker 1: young lady who has had a pretty rough goal of it.
1:05
Speaker 1: She had pretty rough upbringing. Her mum introduced her to
1:09
Speaker 1: credit and credit cards quite early in her life, and
1:13
Speaker 1: now is actually has come through all of that and
1:16
Speaker 1: is now killing it. And she said, oh, I'm a
1:19
Speaker 1: waitress and I do all this stuff and we're like, oh, okay,
1:21
Speaker 1: where do you work? And then she rattled off the
1:25
Speaker 1: cost per hour for her to work topless or in
1:28
Speaker 1: a bathing suit, and we realized that she's actually a
1:30
Speaker 1: stripper and she totally owns it. She fully backs her career.
1:34
Speaker 1: It was well, we loved it.
1:35
Speaker 2: We just didn't see it coming here. I am thinking
1:38
Speaker 2: she's going to be like, yeah, so I work at
1:39
Speaker 2: La Palketta and I was like, that is not La Porketta, And.
1:42
Speaker 1: She didn't mention it in her email at all. So
1:45
Speaker 1: it was really really cool to get a perspective from
1:48
Speaker 1: a job that people don't talk about a lot, and
1:51
Speaker 1: I mean definitely has a stigma attached to if you
1:55
Speaker 1: do that job, it's because of desperation, it's not a choice.
1:58
Speaker 1: But Diis this week actually expressed over and over that
2:03
Speaker 1: she actually loves what she does and she makes bank
2:06
Speaker 1: while she's doing it as well.
2:09
Speaker 2: But also she was so smart and so delightful and
2:13
Speaker 2: just one of those people that Tony and I walked
2:15
Speaker 2: away from that interview being like, oh my god, I
2:17
Speaker 2: want to be her friend. She was so nice. But
2:19
Speaker 2: I think it's important to really just point out that,
2:22
Speaker 2: you know, these roles exist, and there are lots of
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Speaker 2: women in now She's on the money community, lots of
2:26
Speaker 2: people actually in the community that have roles in the
2:29
Speaker 2: sex work industry. And I even have lots of clients
2:32
Speaker 2: that work in the sex work industry. And they are
2:34
Speaker 2: genuinely some of the nicest people you will ever meet,
2:38
Speaker 2: because I think they've always been faced with such adversity
2:41
Speaker 2: and so many stereotypes that they are the last people
2:44
Speaker 2: to ever judge you. They like so wholesome, and I
2:47
Speaker 2: literally love them for that because I just feel like
2:49
Speaker 2: they're the type of people that you just want to
2:52
Speaker 2: be good friends with and feel like you could tell
2:54
Speaker 2: anything to.
2:54
Speaker 3: And VI some of the stories that you have about
2:56
Speaker 3: clients and how successful they are, it's so easy for
3:00
Speaker 3: us to go, oh, you know, what are they doing,
3:02
Speaker 3: and then you're like, well, I'll tell you what they're
3:04
Speaker 3: doing very well for themselves.
3:06
Speaker 2: Yeah, exactly, And I love it.
3:08
Speaker 1: I think as well. It's just about opening up the
3:10
Speaker 1: conversations around those jobs that people don't really know enough
3:13
Speaker 1: about and just have this you know, disillusioned idea from assumptions.
3:18
Speaker 1: What yeah, assumptions Watching TV and our money diarists actually said,
3:23
Speaker 1: you know, when I tell people what I do, they
3:25
Speaker 1: just assume I'm a drug addict. But I'm not that person.
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Speaker 1: And I really hope that people listened to that and
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Speaker 1: that that changed maybe an idea that they had in
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Speaker 1: their head around someone that works in sex work or
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Speaker 1: stripping or exotic dancing, because it's so much more than
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Speaker 1: what it seems.
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Speaker 2: Yeah, exactly. And we were talking about it offline after
3:44
Speaker 2: with our money Diris and I likened it to the
3:47
Speaker 2: financial services industry and that yeah, there are some pretty
3:50
Speaker 2: bad stereotypes about our industry, and you're right, there are
3:53
Speaker 2: some really bad eggs, but not everybody in the industry
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Speaker 2: is a bad egg and it's really mean to then
4:00
Speaker 2: stereotype them based on that experience or that assumption, which
4:04
Speaker 2: is not true. So yeah, we'll move away from here.
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Speaker 2: We're really passionate about it, but it summarized this sex
4:10
Speaker 2: work is real work, and we respect it to the
4:12
Speaker 2: end of the earth.
4:13
Speaker 4: And so the this week's deep dive, how we go?
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Speaker 2: So this week's deep dive was a good one. We
4:18
Speaker 2: have tackled the topic before, but you can never tackle
4:21
Speaker 2: navigating finances as a couple enough times because there is
4:24
Speaker 2: no one size fits all approach. So talking about it
4:28
Speaker 2: this week was just really interesting because there's always different
4:31
Speaker 2: perspectives on how you should manage money with your partner.
4:34
Speaker 2: And I think that the outcome of that was there
4:37
Speaker 2: isn't actually a right or a role. I spoke about
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Speaker 2: how I manage money with my partner and how Georgia
4:42
Speaker 2: might not manage money in the same way. And usually
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Speaker 2: with us Georgia, you know what happened on the deep Dive,
4:48
Speaker 2: but this week five people on a zoom would have
4:51
Speaker 2: just been far, far too much. So Tony and Ryan,
4:54
Speaker 2: well done. You made the cut.
4:57
Speaker 3: The is it fair to say when you say there's
4:59
Speaker 3: no right or wrong answer, would your answer also change
5:03
Speaker 3: over time, Like as your relationship changes, you would have
5:05
Speaker 3: to update how you do it. So it's not even
5:08
Speaker 3: finding the right one for you, but more finding the
5:10
Speaker 3: right one for you now and then reconsidering every twelve
5:14
Speaker 3: eighteen months or so.
5:16
Speaker 2: Yeah, absolutely everything changes, right, And I think that that's
5:19
Speaker 2: a really important point that you bring up, because you know,
5:22
Speaker 2: I use myself as an example here, but you know,
5:25
Speaker 2: Steve and I never shared finances until we had a
5:27
Speaker 2: mortgage and now we have a mortgage that was kind
5:29
Speaker 2: of a catalyst for us to change that and make
5:32
Speaker 2: a decision based on what was going on there. So
5:34
Speaker 2: you know, it might be a trigger, like having kids
5:37
Speaker 2: or changing something. But in saying that doesn't mean you
5:39
Speaker 2: need shared finances. You just might find it easy. You
5:42
Speaker 2: might love doing that, and that's okay. But I think
5:44
Speaker 2: there's nothing wrong with never sharing your finances with your
5:47
Speaker 2: partner as long as you're open and honest about what
5:50
Speaker 2: is in your bank accounts and you're not actually hiding
5:52
Speaker 2: anything or hiding debt or your spending habits from them,
5:55
Speaker 2: because that's then completely negative.
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Speaker 4: Yeah.
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Speaker 3: Well, there's a couple of hundred comments on the post
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Speaker 3: in the Facebook group that you posted v and it
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Speaker 3: feels like there's a couple of hundred different ways to
6:04
Speaker 3: go about it that all work well for them. So
6:06
Speaker 3: that's actually interesting reading through going oh that this works
6:09
Speaker 3: well for us, it's completely different for you guys. Oh,
6:11
Speaker 3: we do the complete opposite, and we're found this works
6:13
Speaker 3: well for us because of this situation and whatever. So
6:15
Speaker 3: just reading through that thread and seeing all the different
6:18
Speaker 3: ways you can get still a really great result was
6:20
Speaker 3: actually fascinating to see all the different ones in it.
6:23
Speaker 2: Yeah, But what I learned from all of that, and
6:26
Speaker 2: I guess the best summary of that is is the
6:29
Speaker 2: key to navigating couples finances is actually communication and talking
6:33
Speaker 2: to your partner about how you feel and talking to
6:35
Speaker 2: your partner about what you want to do versus what
6:37
Speaker 2: they want to do, and deeply understanding why they make
6:40
Speaker 2: decisions around money and how they do that. And I
6:43
Speaker 2: think that that's where we should all start. Not oh hey,
6:45
Speaker 2: I read in the Facebook group that someone does it
6:47
Speaker 2: this way and they say it works, and because we're
6:49
Speaker 2: the same age, we should do that. Like, that's absolutely
6:52
Speaker 2: not the case. Talk to your partner, what are they
6:53
Speaker 2: comfortable with? What are you comfortable with? It's actually nobody
6:56
Speaker 2: else's business how you manage money with your partner.
7:00
Speaker 1: I'm asking Ryan.
7:03
Speaker 2: All right, Ryan, I think it is time to get
7:05
Speaker 2: into your Ryan's community money wins.
7:08
Speaker 3: Yeah, there's a slight twist on the money wins this week.
7:12
Speaker 1: No no twist, no twist.
7:14
Speaker 3: Jasmine posted in the group what are your best savings hacks?
7:18
Speaker 3: Which I guess a good saving hack is a money win?
7:20
Speaker 4: Still right? That still count?
7:21
Speaker 2: Right? That might be better? So you get your favorite from
7:24
Speaker 2: that thread instead this week.
7:26
Speaker 3: Yeah, I have, and there's a little side game to
7:29
Speaker 3: play as we go through.
7:30
Speaker 4: I want to know if.
7:34
Speaker 3: I want to know if any of us feel attacked
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Speaker 3: with any of the specific hacks, and you'll know what
7:39
Speaker 3: I mean when we get to them, all right. Number one,
7:42
Speaker 3: this is from NOMSA. She says, just because something is
7:46
Speaker 3: on special doesn't mean you are saving.
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Speaker 2: Yeah. Man, that's a I definitely agree with that one.
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Speaker 2: It's a way that I convince myself I need things
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Speaker 2: so I feel attacked. You're not not that attack though.
8:00
Speaker 1: I definitely do that because I go like, oh my god,
8:03
Speaker 1: this thing that's normally two thousand dollars is fifteen hundred dollars.
8:06
Speaker 1: And my boyfriend Torbs goes, yeah, but do you want
8:08
Speaker 1: to spend fifteen hundred dollars anyway? I'm like, you're so smart. No,
8:12
Speaker 1: I don't real.
8:14
Speaker 2: Sure him finances a genius.
8:19
Speaker 4: Jessica says.
8:21
Speaker 3: My savings hack is the never step foot inside a
8:23
Speaker 3: kmart and they got.
8:25
Speaker 4: A lot of fun.
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Speaker 2: That's a very good but good hack.
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Speaker 1: I've actually recently started, and I don't know if this
8:31
Speaker 1: is a good or bad thing, but I've had to
8:33
Speaker 1: start muting an unfollowing brand Instagram pages that I really
8:37
Speaker 1: like because whenever they post, I really like their aesthetic
8:41
Speaker 1: and their vibe and things like that. And I just
8:43
Speaker 1: find that I buy so much stuff and I can't
8:46
Speaker 1: even blame it on sponsored advertising because I'm putting it
8:49
Speaker 1: into my own feed. So I'm like, Okay, I've got
8:52
Speaker 1: to take it out. I'm doing this to myself. I'm
8:54
Speaker 1: zucking myself because I'm literally and putting it into my
8:58
Speaker 1: own eyelines. So I've had to out I'm following and
9:01
Speaker 1: meeting all these accounts. That's my hack.
9:04
Speaker 2: Oh good hack, Tony.
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Speaker 4: Maddie's hack, and this is straight at me.
9:10
Speaker 3: Eat the food you have in your own house before
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Speaker 3: you go and buy takeaway food.
9:16
Speaker 2: Okay, Maddie. Nobody asks that specific tip, but my uber
9:22
Speaker 2: eats orders. Especially over the last week, I would say
9:25
Speaker 2: that I don't have food at home, when that is
9:27
Speaker 2: not true.
9:28
Speaker 1: Yeah, aren't you having provodor tonight for dinner?
9:31
Speaker 2: I am actually having provodor for dinner tonight. I felt like,
9:34
Speaker 2: for a little bit of context, our whole She's on
9:36
Speaker 2: the Money team is based in Melbourne and all of
9:38
Speaker 2: us are in lockdown right now, and this week's been
9:41
Speaker 2: a bit challenging for me, and so yesterday I decided
9:45
Speaker 2: that I would order a fancy dinner on provod Or
9:48
Speaker 2: for my partner and I And after this recording, guys,
9:51
Speaker 2: we are having date night yourself. It's just I guess
9:56
Speaker 2: it doesn't even matter that we're having provod Or for
9:58
Speaker 2: dinner like that is quite fan. I think it's like
10:00
Speaker 2: one hundred dollars And I guess that's my money confession
10:03
Speaker 2: this week. Just jumping ahead for a second, but I
10:05
Speaker 2: think it is actually really important while we're in lockdown
10:08
Speaker 2: to just you know, appreciate food and use that as
10:10
Speaker 2: kind of an event. And if you've got a partner
10:13
Speaker 2: and you're at home or you've got some housemates, instead
10:15
Speaker 2: of just eating dinner, like go and sit at the
10:18
Speaker 2: table and have a conversation and get a deck of
10:20
Speaker 2: cards out or get a board game out and kind
10:22
Speaker 2: of make an evening of it, because you know, lockdown
10:25
Speaker 2: is really hard on us and you might not feel
10:27
Speaker 2: like doing it, but I guarantee you'll feel a lot
10:29
Speaker 2: better having done something instead of just another night eating
10:33
Speaker 2: dinner in front of the TV on the couch. And
10:35
Speaker 2: I just think that, you know, regardless of what you're eating,
10:38
Speaker 2: even if you're having like honey sandwiches for dinner, Like
10:40
Speaker 2: just get up and eat it somewhere different in your
10:43
Speaker 2: house and just kind of make it, make a vibe
10:46
Speaker 2: of it.
10:46
Speaker 1: That's a really good idea.
10:49
Speaker 3: Speaking of feeling attacked, Victoria saying to eat dinner at
10:51
Speaker 3: the actual table is one of the most aggressive things.
10:54
Speaker 4: I've ever hed.
10:55
Speaker 1: I know. That's like your mum yelling at you to
10:57
Speaker 1: clean your room because dinner is ready, Like like we're
11:00
Speaker 1: coming out and you were eating dinner as a family, Like.
11:03
Speaker 4: Yeah, I'll do it.
11:04
Speaker 2: Your mum always called you out for dinner before it
11:07
Speaker 2: was actually ready. She's like me out of the room
11:09
Speaker 2: and be like hey, Victoria, dinner's ready, and you'd like
11:12
Speaker 2: run down thinking dinner was ready in the actual faction
11:14
Speaker 2: wanted you to set the table. Yeah.
11:16
Speaker 4: Maybe that was just you, Victoria, because you knew you're
11:18
Speaker 4: always late.
11:20
Speaker 1: Oh today I'm attacking Victoria. Wow.
11:27
Speaker 3: Yeah, okay, So let's put it on an attack some
11:28
Speaker 3: other people instead. Hey, Barbara said, this is actually really impressive.
11:32
Speaker 3: Barbara said, my goal in twenty twenty one was to
11:35
Speaker 3: not buy work lunches, and so far five months in,
11:39
Speaker 3: I haven't bought a single lunch. I've food prepped, and
11:42
Speaker 3: I've planned a head and I've had leftovers from last
11:45
Speaker 3: night's dinner. Not a single lunch this year, Barbara. What
11:48
Speaker 3: a savingsack that is?
11:50
Speaker 2: Barbara's Oh, I see you. But do you know what?
11:54
Speaker 2: You know how we were attacking people on this episode?
11:56
Speaker 2: Hey Ryan, remember how you said you weren't going to
11:58
Speaker 2: buy a takeaway coffee?
12:00
Speaker 3: So coming up next, we've got a money Actually you
12:05
Speaker 3: can see me on the screen. Now what am I holding?
12:07
Speaker 2: Yeah?
12:08
Speaker 1: I take a coffee.
12:09
Speaker 4: Coffee yep, yep, guilty.
12:11
Speaker 1: Investing your five dollars a day or whatever I am.
12:15
Speaker 3: It goes into spaceship steel. So it's well done, thank you,
12:18
Speaker 3: I'll take I agree.
12:20
Speaker 1: So you're buying a coffee and saving the money.
12:22
Speaker 4: Gosh, doing pretty good.
12:26
Speaker 3: Moira says. Every few months, I go with my mum.
12:29
Speaker 3: It's a costco and that has saved us a fortune
12:33
Speaker 3: since we've started doing it. It's we put it in
12:35
Speaker 3: the calendar, so it's like yep, once we go, yep,
12:37
Speaker 3: in five weeks we'll go again. On a Sunday, we
12:39
Speaker 3: get one of those big trolleys and she gets like
12:41
Speaker 3: big chickens for the family, and big because it's Costco.
12:44
Speaker 3: Is all kind of bulk by, right, And she said
12:46
Speaker 3: the amount of money we've saved is awesome. But she
12:50
Speaker 3: said it's also even though it's a big day, the
12:52
Speaker 3: one day we do it, then it's done for the month.
12:54
Speaker 3: It's all in the freezer, good to go. We've saved
12:56
Speaker 3: a heap of time and a heap of money.
12:58
Speaker 1: I've got a question. Earlier, we said, should we just
13:02
Speaker 1: buy things because they're cheap? No, that's what I would do.
13:05
Speaker 1: If I went to Costco. I don't need a coffin,
13:08
Speaker 1: but they sell them there, so I would buy one.
13:11
Speaker 1: Like I'd be like, oh, I just in case, Like
13:14
Speaker 1: I just if I went to Costco, I'm gonna buy
13:16
Speaker 1: a hundred of those dollar hot dogs out the front.
13:18
Speaker 1: And I don't need those hot dogs.
13:21
Speaker 2: I am that person, Tony. Last time I went, I
13:25
Speaker 2: ended up buying a one kilo tub of peanut butter
13:27
Speaker 2: filled pretzels. Like I didn't need that, but I saw
13:31
Speaker 2: it and I needed it.
13:32
Speaker 1: And you're like, wow, it's such good value. It'd be
13:34
Speaker 1: rude not to And then you end up with a
13:36
Speaker 1: kilo's worth of pretzels, a coffin, and ten dog kennels.
13:39
Speaker 4: I don't need all money not to buy it.
13:42
Speaker 1: I also have.
13:43
Speaker 2: Really good socks, so I always buy the socks, but
13:46
Speaker 2: I don't need those.
13:48
Speaker 1: I've saved so much money. I've basically made money. And
13:50
Speaker 1: that's just not how.
13:53
Speaker 2: It isn't how it works. But I think that maybe
13:55
Speaker 2: costco is for people who have a little more self
13:58
Speaker 2: restraint than we do. Totally.
14:00
Speaker 3: The final savings hack is from Carmela, who, like a
14:03
Speaker 3: lot of us, lockdown is helping her save and she said,
14:06
Speaker 3: because now I don't get white girl wasted every single
14:09
Speaker 3: weekend and waste money on designer shies that I like
14:12
Speaker 3: to wear to the clubs. So the drinks and the
14:14
Speaker 3: clothes is saving me a fortune.
14:17
Speaker 2: Well, I'm very proud.
14:19
Speaker 1: Yeah, that's a great hack that.
14:21
Speaker 2: Required a lot of saving, but also arguably a lot
14:24
Speaker 2: of self reflections. All right, now we are back, But
14:39
Speaker 2: before we get into money wins and confessions, Tony, there
14:42
Speaker 2: was a very interesting post in our Facebook group recently
14:45
Speaker 2: about no spend May. What was going on with that?
14:48
Speaker 1: So someone in our community posted about the idea of
14:52
Speaker 1: doing a no spend May. And before you say Oh
14:56
Speaker 1: my god, So how are you going to live and
14:58
Speaker 1: pay rent and eat and all those things. I'm pretty
15:01
Speaker 1: sure that what it boiled down to is that your
15:03
Speaker 1: bills and your rent and your utilities and all of
15:07
Speaker 1: those things can be paid for, but no auxiliary spending
15:11
Speaker 1: like buying your lunch for at work, like by hid.
15:15
Speaker 2: That's an interesting way of putting it. Oh, I don't
15:18
Speaker 2: think I've never term it. Sounds fancy. Let's continue using that, yeh?
15:23
Speaker 1: Should we say that? Should that be the buzz word.
15:25
Speaker 2: Of the day? Well, Hillary spending this week, Tony.
15:32
Speaker 3: I think that should be the title of the episode,
15:34
Speaker 3: purely because I'd click on it to be like, what
15:36
Speaker 3: the hell is that?
15:37
Speaker 2: Well?
15:37
Speaker 1: Hang on? Should I google it and make sure it
15:39
Speaker 1: actually means what I think it means?
15:44
Speaker 2: Not, because it's actually better if you're wrong, Okay, great.
15:47
Speaker 1: Well that's fine, we'll leave it. We'll leave it in basically, yeah,
15:51
Speaker 1: so it doesn't include any of your bills or anything.
15:53
Speaker 1: It's just everything else, like not going out and buying coffee,
15:56
Speaker 1: not buying clothes or makeup or sports equipment that you
16:00
Speaker 1: don't need or whatever. And I looked at it, and
16:03
Speaker 1: I thought that would be easy right, because you're like, oh,
16:07
Speaker 1: I could not buy clothes for a month, it's not so.
16:10
Speaker 1: As we're recording this May's just finished. Halfway through May,
16:15
Speaker 1: one of the girls that was participating in No Spend
16:18
Speaker 1: May inside of our group. So a few hundred people
16:21
Speaker 1: ended up joining our original poster and taking on this
16:25
Speaker 1: No Spend May halfway through the so cool?
16:28
Speaker 2: How awesome is that that they all get together and
16:30
Speaker 2: have their little challenges And it makes me feel bad
16:33
Speaker 2: because I'm like, oh, maybe we should have done something
16:35
Speaker 2: for that. And if you guys have any ideas on
16:38
Speaker 2: what challenges that she's on the Money team could put
16:41
Speaker 2: together for you or things you want created, like we
16:43
Speaker 2: are all is sliding too our dms with your ideas
16:46
Speaker 2: because Tony and I want to do more interesting stuff.
16:49
Speaker 1: Well, I reckon we could maybe get an idea out
16:52
Speaker 1: of this. But so halfway through, on the fifteenth of May,
16:56
Speaker 1: Bridget posted how is it going with their No Spend May?
17:01
Speaker 1: And so she was halfway through and I can't believe this.
17:04
Speaker 1: So inside up bank, it categorizes your spending into good life,
17:10
Speaker 1: which is your auxiliary spending, and house which is rant,
17:14
Speaker 1: and then it comes down to bills which is like
17:16
Speaker 1: all your utilities and stuff. It breaks everything down into
17:19
Speaker 1: four categories. Her good life spending the month before was
17:25
Speaker 1: one eight hundred and thirty six dollars, which includes like
17:29
Speaker 1: dinners out and going out for drinks and all of
17:31
Speaker 1: those things. Halfway through May in her no spend May
17:36
Speaker 1: in her good life account one hundred and six dollars.
17:40
Speaker 2: WHOA isn't that like seventeen hundred dollars in advance and
17:46
Speaker 2: that potentially does that mean she's saving that much?
17:50
Speaker 1: Well, I hope, so, I hope it means that she's
17:53
Speaker 1: put that money away.
17:54
Speaker 2: Seventeen hundred dollars in a month. That's so long.
17:58
Speaker 1: I mean, it's not sustainable every month because we have
18:01
Speaker 1: to because you know, we have to enjoy ourselves and
18:04
Speaker 1: treat ourselves. And it's like, if you're on a really
18:06
Speaker 1: restrictive diet, you like really want an ice cream, you
18:09
Speaker 1: can't not eat ice cream forever because why would you.
18:15
Speaker 2: You end up binging. So like, if you stick to
18:17
Speaker 2: something like this for the long term, you'll end up
18:19
Speaker 2: blowing out and having like a massive blowout of spending
18:23
Speaker 2: and it's just not fun or nice. But I think
18:25
Speaker 2: these challenges where it's short term and you're just achieving
18:28
Speaker 2: a short term goal that makes you feel really good,
18:30
Speaker 2: Like why can't we do that every couple of months
18:33
Speaker 2: and go, you know what this month and being really
18:35
Speaker 2: restrictive because I'm going to make.
18:37
Speaker 1: Bank yeah, or you know that's like a really good
18:41
Speaker 1: bit of little cash for if you're saving for something,
18:43
Speaker 1: or so you really really want to buy a Gucci handbag,
18:46
Speaker 1: you're like, oh my god, I want to say for that,
18:48
Speaker 1: so I'm not going to go out to eat all months,
18:50
Speaker 1: like pretty amazing. Catherine said, I adopted a puppy, so
18:54
Speaker 1: not going very well, with lots of photos of a
19:00
Speaker 1: miniature Dushions, which is quite cute. So cute. And Amelia
19:05
Speaker 1: posted a screenshot of her bank account as well and
19:08
Speaker 1: said not great, but better than last month. Her cash
19:12
Speaker 1: out for the whole of April was five ninety six
19:16
Speaker 1: dollars and her cash out for the first half of
19:18
Speaker 1: May was one thousand, six hundred and ninety four dollars.
19:23
Speaker 4: That's so huge, Yeah.
19:24
Speaker 2: So pretty esot, but like those are big numbers, Like
19:29
Speaker 2: I thought you were going to have example of people
19:30
Speaker 2: being like yep, she spent like, you know, six hundred
19:33
Speaker 2: dollars on going out and you know, discretionary spending and
19:36
Speaker 2: then she spent fifty Like those are massive. Thank you
19:39
Speaker 2: so much to our community for sharing stuff like that too,
19:42
Speaker 2: because you know, it's special that they're going to share
19:45
Speaker 2: literal numbers with our community about what they're spending and
19:48
Speaker 2: what they're saving. But how motivating is it when people
19:51
Speaker 2: aren't just like, yeah, I'm doing well on my challenge,
19:53
Speaker 2: but they're actually like, check out this screenshot of how
19:55
Speaker 2: much I've saved. You're like, oh my god, that's amazing.
19:58
Speaker 2: I'm going to try and do the same thing. Like
20:00
Speaker 2: it's the numbers that really make it tangible and really.
20:03
Speaker 4: Motivating, and you're like, oh, here we go. I'm so
20:07
Speaker 4: pumped for this. Yeah. Absolutely.
20:08
Speaker 1: It's kind of the retrospective like opposite of sitting down
20:12
Speaker 1: with your with a highlighter looking at your bank accounts
20:14
Speaker 1: like you say to DOOV. It's kind of like, oh,
20:17
Speaker 1: I didn't spend that money. It's actually in my account
20:19
Speaker 1: and I can see it and it makes you feel
20:21
Speaker 1: really good. And there was heaps of people commenting saying
20:25
Speaker 1: that they'd saved money or it wasn't going really well,
20:28
Speaker 1: but they made a bit of a difference. And that's
20:30
Speaker 1: all that.
20:30
Speaker 2: You know.
20:30
Speaker 1: These things are just like little challenges that you can do.
20:33
Speaker 1: But I think it would be really fun if we
20:36
Speaker 1: could do one like and everybody could join in.
20:39
Speaker 2: Yeah, I think so too. So if anybody's got any ideas,
20:42
Speaker 2: please tag us or slide into our DNS and let
20:46
Speaker 2: us know.
20:46
Speaker 4: I think I've got an idea.
20:48
Speaker 2: What is it.
20:49
Speaker 3: Let's do no save September where we all just blow
20:52
Speaker 3: all of our account.
20:53
Speaker 2: No, we'll no do that because two years ago in
20:58
Speaker 2: the read this one, you've completely misread this. I don't
21:04
Speaker 2: think you've met the brief. Go back to the drawing board.
21:07
Speaker 2: In twenty nineteen, I actually did a challenge with the
21:09
Speaker 2: community when you guys definitely weren't nearly as big. But
21:12
Speaker 2: I did savings September and I had a really cute
21:15
Speaker 2: like chart that you could.
21:16
Speaker 4: I do remember this. Yeah that was great.
21:18
Speaker 2: Yeah, you're trying to suggest the exact opposite.
21:20
Speaker 3: Opposite Yeah, okay, mist full Well, what if we if
21:23
Speaker 3: we did like a no spend month, which could be
21:26
Speaker 3: September or otherwise. But if v I'm sure with your
21:29
Speaker 3: exl or someone's skills, everyone entered the amount of money
21:33
Speaker 3: they saved. So then as a community we could be
21:36
Speaker 3: at the end of the month like we have saved
21:38
Speaker 3: collectively one million dollars or something as a group like that.
21:43
Speaker 2: Oh my gosh, yes, we can totally do that. I
21:46
Speaker 2: can set up a Google spreadsheet where you guys can
21:48
Speaker 2: just add your number to a form and it will
21:50
Speaker 2: automatically update the spreadsheet. Oh. I'm going to work on this.
21:53
Speaker 1: Oh my god, I'm so excited.
21:55
Speaker 3: I shouldn't have mentioned it with distracted v We won't
21:56
Speaker 3: see it for another few weeks because you'd be working
21:58
Speaker 3: on the spreadsheet the back end.
22:00
Speaker 1: I'm so excited about this. Can we end the podcast
22:02
Speaker 1: here or do we have to do our wins and confessions?
22:04
Speaker 1: Because I really want to talk.
22:05
Speaker 2: About to do your wins and confessions?
22:07
Speaker 3: Tony's are so pumped to talk about the savings of
22:09
Speaker 3: a million dollars.
22:10
Speaker 2: Yeah, I want to say a million dollars Before we go, Tony,
22:13
Speaker 2: we do want to go through our money wins or confessions,
22:16
Speaker 2: so let's fly through those before I jump back into
22:19
Speaker 2: Google spreadsheets. Tony, what was your money win or confession
22:23
Speaker 2: this week?
22:24
Speaker 1: I've got a confession.
22:26
Speaker 2: Oh no, but also, what is it?
22:29
Speaker 1: So like we said at the beginning of our podcast,
22:32
Speaker 1: we're in lockdown at the moment here in Melbourne, which
22:35
Speaker 1: has made everything feel really hard, and you know, the
22:39
Speaker 1: emotions compound and it just, you know, you want to
22:42
Speaker 1: buy yourself nice things. So I've done the opposite of
22:45
Speaker 1: no spend May and I've just been buying lots of
22:49
Speaker 1: dumb things that make me feel good that it's not real,
22:52
Speaker 1: that it's just nice, and I'm just I don't want
22:56
Speaker 1: anybody else to feel bad that's doing this. But I've
22:58
Speaker 1: definitely been dipping in to the old account to buy
23:01
Speaker 1: makeup that I can't wear at the moment because very
23:04
Speaker 1: in lockdown.
23:06
Speaker 2: Yeah, but if you've got if it makes you feel good.
23:09
Speaker 2: I think that just take down is genuinely so mentally
23:12
Speaker 2: taxing and so hard. And you know, if you're in
23:15
Speaker 2: a state that hasn't experienced this, you are so lucky.
23:19
Speaker 2: But it is such a drainer. And Tony, you and
23:21
Speaker 2: I were actually talking about this yesterday and I said, oh,
23:23
Speaker 2: the afternoons are worse. It's as though you can get
23:27
Speaker 2: up in the morning and start their morning off and
23:28
Speaker 2: then the afternoons just feel really flat and yeah, not
23:33
Speaker 2: so nice. Yeah, So it's just it's a hard place
23:37
Speaker 2: to be, and you know, we are so lucky that
23:39
Speaker 2: we are in a position where, you know, we're clearly
23:42
Speaker 2: still working. But you know, I guess our hearts go
23:44
Speaker 2: out to you because it is so challenging and so hard.
23:48
Speaker 2: But staying home is putting everybody else in a better situation,
23:52
Speaker 2: and I guess that's something that's been really helpful to
23:55
Speaker 2: me over the past couple of days. And that's just
23:57
Speaker 2: you know, knowing that if my part to play in
24:00
Speaker 2: this whole global pandemic is staying home as much as
24:02
Speaker 2: possible in the comfort of my own home, then I
24:05
Speaker 2: am literally an indecently lucky person who owes literally everything
24:09
Speaker 2: to all of the people that are working on the
24:11
Speaker 2: front lines of this. And you know, I think that's
24:14
Speaker 2: the least we can do, as much as it is
24:16
Speaker 2: really challenging.
24:17
Speaker 3: And just to add to what you're both saying, So
24:20
Speaker 3: I work at the radio station KISS, right, and we're
24:23
Speaker 3: doing a thing at the moment where we're like paying
24:25
Speaker 3: people's debts and stuff like that, and yeah, I reckon
24:28
Speaker 3: ninety percent of the people I've spoken to this week
24:30
Speaker 3: in the station's only in Melbourne. Everyone said the same thing. Oh,
24:34
Speaker 3: I've just been buying stuff online. It makes me feel
24:37
Speaker 3: a bit better. I just don't know. It just gives
24:39
Speaker 3: me something to look forward to because this thing's going
24:41
Speaker 3: to arrive. And every single person sounds a little bit
24:45
Speaker 3: sheepish and that they feel like they're the only one
24:48
Speaker 3: doing this silly thing.
24:49
Speaker 4: And I tell all of them, no, the people I
24:53
Speaker 4: speak to much same thing.
24:56
Speaker 3: So if you're feeling a bit guilty for some online
24:59
Speaker 3: purchases at home in Melbourne, the one thing you get
25:01
Speaker 3: to do each day is go to the front door
25:03
Speaker 3: and get something that arives, just know that you're not
25:06
Speaker 3: the only one. In fact, you're in the huge majority there.
25:09
Speaker 3: So if that makes you feel a bit better about it,
25:11
Speaker 3: just know that.
25:12
Speaker 1: Thank you. And I hope that that makes other people
25:15
Speaker 1: feel better as well, because it's a really hard time.
25:17
Speaker 1: So anyway, Ryan, do you have a money win or confession?
25:22
Speaker 3: I don't know if this is a win or confession.
25:24
Speaker 3: I thought it was a win, but after we did
25:27
Speaker 3: those savings hacks earlier where a few people mentioned just
25:30
Speaker 3: because it's on special doesn't mean you're winning.
25:32
Speaker 4: I don't know where.
25:33
Speaker 2: I look My money win or confession is going to
25:37
Speaker 2: be similar. So what's yours.
25:39
Speaker 3: Yeah, well, just overall, I've spent a little bit less money.
25:42
Speaker 3: But I got a notification from Uber eats during the
25:44
Speaker 3: week and it was like this double payday, double double.
25:48
Speaker 1: Day day, double day day Armor.
25:50
Speaker 3: Yeah, and that came through and it's essentially whatever, it's
25:53
Speaker 3: like two for the prices wine essentially. And I got
25:54
Speaker 3: home and I was like, hey, Bridge, have a look
25:56
Speaker 3: at this, and she's like, what, so we have to
26:02
Speaker 3: I'm like.
26:02
Speaker 4: Oh, it's a saving We're saving money. Be cost us
26:05
Speaker 4: money not to get takeaway.
26:06
Speaker 1: And supporting small business. You ordered from a local business.
26:10
Speaker 4: I did order from a local business. I am you know.
26:13
Speaker 3: It is a win for Ryan. I'm going back to
26:15
Speaker 3: being a winner. I'm just supporting business, a hero. Thank you,
26:19
Speaker 3: appreciate it. Here I am for society, all right, the
26:22
Speaker 3: take us home?
26:22
Speaker 4: What do we go?
26:24
Speaker 2: So I have made a purchase this week that was
26:27
Speaker 2: kind of impulse. Working from home, my house is quite
26:31
Speaker 2: cold and I really wanted a new pair of ug boots.
26:35
Speaker 2: So I bought ug boots. And they're not the cheapest
26:37
Speaker 2: thing in the world, like good ug boots are a
26:40
Speaker 2: little bit spano, And I was willing to do it.
26:43
Speaker 1: They are.
26:44
Speaker 3: You can feel the difference though right the quality of
26:47
Speaker 3: the real original art.
26:48
Speaker 2: Absolutely can and they are arguably the most Victorian mine
26:52
Speaker 2: you've seen in your life.
26:54
Speaker 1: For anybody that can't see Victoria, which is every single
26:56
Speaker 1: person in the world except Brian and I, they are
26:59
Speaker 1: a pink, fluffy ug boot with a pink bow on
27:03
Speaker 1: the back.
27:04
Speaker 2: Yeah, they are the most Victoria divine pair of mug
27:06
Speaker 2: boots I've ever scene.
27:08
Speaker 4: But that's going to say.
27:09
Speaker 3: I was like a pair of ug boots in your
27:12
Speaker 3: shoe cupboard that I have walked into. I was like,
27:15
Speaker 3: I don't know if they would look the part, but
27:18
Speaker 3: now that I've seen them, they actually suit the rest
27:20
Speaker 3: of your shoe cupboard, so.
27:22
Speaker 4: Your shoe thank you.
27:23
Speaker 2: I'm here all day. But I did end up saving
27:26
Speaker 2: like eighty dollars on them because it turns out I'm
27:29
Speaker 2: probably the only person who does want pink ug boots
27:34
Speaker 2: to the other normal colors they were on sale, which
27:39
Speaker 2: is money win for me. Guys.
27:42
Speaker 1: I believe. I can't believe no one else wanted to
27:44
Speaker 1: purchase those pink ug boots with a pink so weird,
27:49
Speaker 1: but you know what they're going to sell out now
27:52
Speaker 1: now that.
27:53
Speaker 2: We've they are really cute, guys.
27:57
Speaker 3: Of all the brands I've worked with, this is going
27:59
Speaker 3: to be the one we're like, oh my god, Victoria,
28:01
Speaker 3: she's the pink ugboot girl.
28:03
Speaker 2: Yeah, we're not even working with them, like well we
28:07
Speaker 2: should in Australia. If you want to reach out.
28:09
Speaker 1: We'll put a picture of the ug Boots up on
28:10
Speaker 1: our Instagram because they're just they're very Victoria divine. I
28:14
Speaker 1: love it life. Not consistent to your brand?
28:18
Speaker 2: Yeah, I don't say I'm not consistent, guys. I'm committed
28:22
Speaker 2: to the course and very committed. All right, I think
28:24
Speaker 2: that is all we have time for today. But just
28:27
Speaker 2: before we head off, we'd like to acknowledge and pay
28:29
Speaker 2: respect to Australia's Aboriginal and tourist Straight Islander people's. They're
28:32
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28:35
Speaker 2: skies all across Australia. We thank you for sharing and
28:38
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28:40
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28:43
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28:45
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28:48
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Speaker 1: Team Bye Bye,