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Family & the Cost of Keeping It Together · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it. She's on the Money. She's on
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Speaker 2: the Money. Hello and welcomed.
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Speaker 3: She's on the Money the podcast Millennials who want financial freedom. Today,
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Speaker 3: my friends, it is Friday, which means it is time
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Speaker 3: to get our little team together and celebrate you the
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Speaker 3: incredible She's on the Money community today, Miss Jess Greed,
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Speaker 3: she is going to be sharing her favorite money wins
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Speaker 3: from the community. Miss Bechsayed has some broke tips to share.
1:19
Speaker 3: We're going to be helping to answer a juicy money dilemma,
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Speaker 3: which this week is all about inheriting debt, and we're
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Speaker 3: going to unpack something that you slid into our DMS
1:27
Speaker 3: about this week, we're talking about the cost of traveling
1:30
Speaker 3: for family commitments.
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Speaker 2: So guys, before we get there, how were your weeks?
1:34
Speaker 2: What did you get up to?
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Speaker 4: Nothing exciting to report from me, to be honest.
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Speaker 2: Just like that, that's boring. Moving on, I know, literally,
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Speaker 2: that's it.
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Speaker 4: I had a money win.
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Speaker 5: I discovered that I can get remedial massage under my
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Speaker 5: house insurance. That is a good week because despite my
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Speaker 5: boyfriend being a physio, he was like, you need to
1:51
Speaker 5: go see somebody else. I was like, and I was like,
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Speaker 5: why am I in pain? I'm doing all my exercises.
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Speaker 2: Why don't have to see someone else when it's free
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Speaker 2: in my house?
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Speaker 4: Literally He's like, because you sit like a shrimp for.
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Speaker 3: And I was like, rude, but okay, but also why
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Speaker 3: can't you fix that? If you're a physio, aren't you
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Speaker 3: saving this household money?
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Speaker 4: He's pretty good, Like, he.
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Speaker 5: Is pretty good, but I complain a lot when he
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Speaker 5: like pokes and prods.
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Speaker 2: I would too.
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Speaker 4: Because I don't. I don't hold backs.
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Speaker 5: He pokes and I'm like, ah.
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Speaker 2: I feel like that is so true.
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Speaker 3: Like my husband works in marketing and so like you
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Speaker 3: would think that that means that I would lean on
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Speaker 3: him a lot for like, you know, she's on the
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Speaker 3: money marketing do you think I do? No, absolutely not
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Speaker 3: get away from my business. Ill ill David, Like, who
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Speaker 3: do you think you are?
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Speaker 6: Yeah? And there's all a gentle cushion of like stranger
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Speaker 6: to stranger. Yeah, like, oh, I don't know if I
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Speaker 6: love this, but if you're like, you know, if it's
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Speaker 6: your partner, you can be like this is so gross.
2:50
Speaker 2: You why do you think that that would work?
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Speaker 1: Yeah?
2:53
Speaker 2: And then dumb Yeah.
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Speaker 3: I think what happens is he just like drops some stuff,
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Speaker 3: I lose my shit, say that that's never gonna work. Work,
3:00
Speaker 3: and then he waits a couple of months, and then
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Speaker 3: I come around and suggest his idea to him. I
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Speaker 3: was thinking, he's like, wow, I wish I had had
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Speaker 3: a plan like that.
3:11
Speaker 2: Anyway, what have you been up to?
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Speaker 6: So as we speak, I'm actually in Japan. I don't
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Speaker 6: know if you guys can see the cherry blossoms behind
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Speaker 6: me and.
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Speaker 3: I can just see that she's on the money screens
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Speaker 3: behind you. But given we recorded this on Wednesday, it
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Speaker 3: makes sense that by Friday you could be in a
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Speaker 3: different location.
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Speaker 2: Could be, who knows.
3:31
Speaker 3: I don't want to ruin the magic of She's on
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Speaker 3: the money, but like it does take us a little
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Speaker 3: bit to actually edit the podcast, upload the podcast.
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Speaker 2: I can get our stuff together totally.
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Speaker 6: On Friday, I wouldn't be here, So you know, I'm
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Speaker 6: kind of I'm kind of glad that you guys.
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Speaker 3: I feel like we're not ruining anyone's like, you know,
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Speaker 3: like rose colored glasses, because like this episode does drop
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Speaker 3: at five am on Friday, So like when on Friday
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Speaker 3: did we record it this?
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Speaker 4: Oh, exactly in the studio one in the morning.
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Speaker 2: I'm committed, but I'm not that committed.
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Speaker 3: And even if I had decided to do that, I
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Speaker 3: don't think anyone else on the team would be as
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Speaker 3: passionate about it as me.
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Speaker 2: Hey, i'd be here, Yeah, I wouldn't. I'd come.
4:16
Speaker 3: Well, all right, so you're in Japan at the moment,
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Speaker 3: and mister SCRICI can get a massage.
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Speaker 2: I feel like that's a good week. And what makes
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Speaker 2: a really good week. I've just been bopping along, hanging out.
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Speaker 3: I had the biggest week of all time last week,
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Speaker 3: so I feel like I've just been trying to step back.
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Speaker 2: I too.
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Speaker 3: Am leaving the country this weekend. I'm going on a
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Speaker 3: europe troop, which will be really fun because we're taking
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Speaker 3: Harvey and it'll be his like first holiday and I'm
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Speaker 3: just I know that. Also, people have been like, he
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Speaker 3: won't remember anything. I know, like he's literally three months old.
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Speaker 3: He's not going to remember anything. But I will and
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Speaker 3: so will my husband, And we're creating little family memories together,
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Speaker 3: and like, can you imagine being able to show him
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Speaker 3: a little pictures and be like.
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Speaker 2: Oh, this is you on holiday when you were little.
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Speaker 3: So I think it'll be fun, yeah, and like it'll
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Speaker 3: be a good time for Steve and I to bond.
5:05
Speaker 3: And like I've heard that there's such thing called a
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Speaker 3: four month sleep progression, right, and like we're fine. He's
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Speaker 3: a little angel at the moment. But I'm telling you
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Speaker 3: right now, I would much prefer to be overseas where
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Speaker 3: it is summer, experiencing his sleep regression, then here in Melbourne,
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Speaker 3: where it's started to get really bloody cold, experiencing that
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Speaker 3: sleep regression.
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Speaker 2: If it happens.
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Speaker 3: I mean, lots of people say it doesn't, some people
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Speaker 3: say it does, but like I compare it over the
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Speaker 3: other side of the world promise you.
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Speaker 2: Oh yeah, basically the same thing. She'll be wrong.
5:35
Speaker 3: But anyway, let's get into the episode because today, Jess,
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Speaker 3: you were saying before that there are some really good
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Speaker 3: money wins from the community, so Sarah, let us know
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Speaker 3: what they are.
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Speaker 4: I've started off with a just a solid one.
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Speaker 5: And I think she posted this half as a joke
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Speaker 5: because she put like the laughing emoji crying emoji. But
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Speaker 5: Taylor said money win. I didn't pull any money out
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Speaker 5: of my savings.
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Speaker 2: Yeah, money, there is a money win.
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Speaker 4: I just want to say, we're in a.
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Speaker 2: Cost of living crisis. That is common. That's huge, that
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Speaker 2: is actually huge.
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Speaker 5: Next, I've got a money win from Brianna, who said
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Speaker 5: I didn't know Telstra rewards existed outside of tech stuff,
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Speaker 5: so I'd never bothered looking into it. I went on
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Speaker 5: there the other day and had ninety thousand points, and
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Speaker 5: I got myself a one hundred dollar Bunnings gift card,
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Speaker 5: so I can now finally buy a pot for my
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Speaker 5: plans that I've been wanting to get for ages but
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Speaker 5: I couldn't justify. And then I also got a bunch
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Speaker 5: of Woolies gift cards for my groceries. Funny wind, I
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Speaker 5: don't did you use telstra? That sounds freagannizing.
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Speaker 2: I had no idea. Oh that's really cool, bunny Win.
6:34
Speaker 2: I love that.
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Speaker 5: Next, I've got a money in from Kelly who said
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Speaker 5: she's organizing a baby clothes swap with one of her friends.
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Speaker 5: Her and her friend have children of slightly different ages
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Speaker 5: and different sizes, so they've organized to meet up and
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Speaker 5: swap clothes between. Like the group of friends that everyone
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Speaker 5: kind of ends up with things that fit their baby
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Speaker 5: because they got all stuff so quick.
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Speaker 3: They really do, like I had been told. You know
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Speaker 3: when someone tells you something over and over and you're like, yeah, yep, yep, whatever, whatever, whatever.
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Speaker 3: Yet they like they grow like they are tiny weeds.
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Speaker 3: Like all of the stuff that I bought, like not
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Speaker 3: even a month ago, does not fit Harvey anymore. Like
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Speaker 3: I thought his stuff would have a tiny bit more longevity.
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Speaker 2: Yeah, it does not.
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Speaker 3: But I recently did that, Jess, because my best friend
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Speaker 3: is having a baby, which will also be my best
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Speaker 3: friend at the start of June, which is literally so soon.
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Speaker 3: But Harvey's just grown out of a whole heap of
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Speaker 3: stuff and she'll have a newborn. So I've gifted all
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Speaker 3: of that to her, but she has a son that
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Speaker 3: is a year older than Harvey. And when I dropped
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Speaker 3: that off, she's like, oh, actually, I have a tup
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Speaker 3: of stuff that I've been meaning to give you. And
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Speaker 3: we did a little swap. It wasn't planned like Kelly's,
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Speaker 3: but we did a little switch to root and I
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Speaker 3: just was like, this is a funny, weird that's great.
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Speaker 6: And then when your best friend's baby is a year
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Speaker 6: old you give it back.
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Speaker 4: Yes, it's like a little cycles.
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Speaker 2: Tiny little economy.
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Speaker 5: Yeah, cool, very clever from Kelly. Next, I've got money
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Speaker 5: in from Claire, who said I wanted to use my
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Speaker 5: private health insurance allowed on glasses, but I really didn't
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Speaker 5: like any of the new frames better than her old ones,
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Speaker 5: and the lenses of her old ones were scuffed, which
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Speaker 5: is why she was getting new ones. Turns out you
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Speaker 5: can pay to just replace the lenses in your glasses,
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Speaker 5: which she only had to pay about fifteen dollars out
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Speaker 5: of pocket for as opposed to what she would usually
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Speaker 5: pay out of pocket which is about one hundred bucks.
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Speaker 2: Oh my god, good would she do that?
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Speaker 5: I didn't even know you could do this, didn't but
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Speaker 5: I would assume most surely.
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Speaker 2: Yeah, cool, okay, I didn't even know that was an option.
8:27
Speaker 5: I love that byo frames, good little saving. Next, I've
8:31
Speaker 5: got a win from Gemma, who said she took her
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Speaker 5: girlfriend shopping as she needed a new winter wardrobe, and
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Speaker 5: she managed to get her nearly three hundred dollar bill
8:39
Speaker 5: down to one hundred and twenty dollars for how by
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Speaker 5: asking the cashier to price match online sale prices, which
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Speaker 5: the girl was more than happy to do. And they
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Speaker 5: nearly didn't ask.
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Speaker 2: Oh my god, cool, that's a lot that.
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Speaker 4: It's a lot, a lot saving.
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Speaker 5: Don't ask, don't get we always say yes. Lastly, I've
8:56
Speaker 5: got a money win from Tanya, who said she put
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Speaker 5: some poor paws in box out the front to give away,
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Speaker 5: just you know, like free take as you please, nice
9:04
Speaker 5: little community moment.
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Speaker 4: Someone tugged five bucks in the front gates.
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Speaker 2: So thank you, well, thank you sir.
9:09
Speaker 3: Yeah, I know, I just I hadn't considered that that
9:14
Speaker 3: fruit was in season.
9:15
Speaker 2: Me neither.
9:16
Speaker 4: Actually, what do you get a pourpole? And I've never
9:18
Speaker 4: had a purport either.
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Speaker 2: They must be from Queensland or somewhere nice and sunny.
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Speaker 3: Someone nice and sonny because like all I've got in
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Speaker 3: my garden, which is quite niche as well, like Purport
9:28
Speaker 3: isn't you know fruit where you go to buy apples
9:30
Speaker 3: and oranges?
9:30
Speaker 2: Right, I've got a fijoa tree piles.
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Speaker 3: Yeah, fijo a tree, Like if you're a keyway, you're like, oh, yes, fijoeers.
9:38
Speaker 2: But I hate them.
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Speaker 3: They are awful, Like I wish I liked them, Like
9:42
Speaker 3: I wish I could swap my fijoa tree for like
9:45
Speaker 3: a fig tree or something I actually enjoy. But I
9:48
Speaker 3: have an abundance of fora joeas and if you're a keyway,
9:51
Speaker 3: they're hard to come by.
9:51
Speaker 2: I can't get them in the supermarket.
9:53
Speaker 3: So I put a box of them up on Facebook
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Speaker 3: Marketplace the other day because I was like, I just
9:56
Speaker 3: don't want them going to waste in undated with messages
10:00
Speaker 3: from Kiwai.
10:01
Speaker 2: So we're like, give me them, feed joeys, and I
10:03
Speaker 2: was like, ah, Sorrey, they're already gone. Can you bring
10:06
Speaker 2: something for us? I can bring you on I never
10:08
Speaker 2: can try. God of.
10:10
Speaker 3: I had to google how to eat them because I
10:12
Speaker 3: thought that my problem was that I was eating it
10:14
Speaker 3: like incorrectly, like eating the skin or something which you're
10:16
Speaker 3: not meant to do. Turns out I was eating them incorrectly.
10:19
Speaker 3: I see, yeah, but turns out they to me tastes
10:23
Speaker 3: not that good, So I am sorry.
10:24
Speaker 2: Oh interesting, cut that out. They're kind of like trash.
10:28
Speaker 5: But yeah, people are gonna cover us.
10:32
Speaker 2: Let's move on. I'm scared. Personally, I'm scared. I'm glad.
10:34
Speaker 2: I'm literally leaving the country. Leave the country. I will
10:37
Speaker 2: too on Sunday.
10:38
Speaker 5: Bye.
10:38
Speaker 2: But let's move on. What are your broke tips of
10:41
Speaker 2: the week back?
10:42
Speaker 6: Okay, so as per, I have two from the community,
10:44
Speaker 6: one for myself side. I know that's really give you
10:48
Speaker 6: guys on your toes. So the first one comes from Danny,
10:50
Speaker 6: who says that paid market research Australia wide is a
10:54
Speaker 6: great place to earn some extra pocket money. So this
10:57
Speaker 6: is one that similar to what I said the other
10:59
Speaker 6: week about like, you know, clinical trials and things like that.
11:02
Speaker 6: I don't actually know. I think it's kind of different.
11:05
Speaker 6: Maybe it's like surveys or something in that, you know,
11:07
Speaker 6: kind of realm. But yeah, paid market research Australia is
11:11
Speaker 6: a great place to go if you just want a
11:12
Speaker 6: little bit of extra cash to scott to if you're
11:14
Speaker 6: like maybe struggling with it.
11:15
Speaker 2: Whatever you need a for hot tip.
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Speaker 4: I've done two in the last week.
11:18
Speaker 2: Have you actually make CHURCHI bucks?
11:20
Speaker 4: What bucks per thing?
11:22
Speaker 5: Yeah?
11:22
Speaker 2: Sorry? What that's not like four dollars? Yeah, that's not.
11:25
Speaker 3: Like I spent two hours on a survey and I
11:27
Speaker 3: made seven dollars, which I'm like like, yeah, that is
11:30
Speaker 3: free money, but like seven dollars to two hours of
11:32
Speaker 3: my time.
11:33
Speaker 2: Jess, what did you do?
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Speaker 1: So?
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Speaker 5: Market research is a little bit different generally from surveys
11:37
Speaker 5: because they get you on, like the ones that I did,
11:39
Speaker 5: at least they get you on like a zoom You
11:41
Speaker 5: might have an activity to do beforehand or something. It's
11:44
Speaker 5: you know, a company is paying this company to do
11:46
Speaker 5: the market research, and you might be in a group
11:47
Speaker 5: we might put by yourself. Sure you can do ones
11:50
Speaker 5: in person, but I only do them on Zoom because
11:52
Speaker 5: they live like far away for everything, so it's just easier.
11:54
Speaker 5: The ones that I did were literally they said to
11:57
Speaker 5: allow like an hour and a half, but they only
11:58
Speaker 5: took forty five minutes literally powered through, and then I
12:02
Speaker 5: get like one hundred dollars gift card.
12:03
Speaker 4: What are they doing?
12:04
Speaker 2: Like are they asking you about like, oh, do you
12:06
Speaker 2: eat Regie might or like what.
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Speaker 5: One of them was about an app and like the
12:10
Speaker 5: usability of an app and it was related to travel
12:13
Speaker 5: and it was good because I actually used the app before.
12:16
Speaker 3: Cool.
12:16
Speaker 5: And so they screen everyone in at the start, so
12:18
Speaker 5: like the company will send out an email saying we're
12:20
Speaker 5: looking for people that fit this demographic like this age,
12:23
Speaker 5: this gender, maybe like this location, and then maybe like
12:26
Speaker 5: a has traveled overseas in the last year or you know,
12:28
Speaker 5: depending on what they're screening for, and then you respond
12:31
Speaker 5: and then if you fit it, they'll call you and
12:33
Speaker 5: screen you again and just make sure that you're.
12:35
Speaker 2: Not making it up.
12:36
Speaker 5: Yeah, And I think they need to have like a
12:38
Speaker 5: diverse range of people probably, so they kind of fit
12:40
Speaker 5: people into categories. And then if you make it through,
12:42
Speaker 5: they're like send you the link and you get on
12:44
Speaker 5: and you answer their question and they send you the
12:45
Speaker 5: gift card.
12:46
Speaker 4: They say thank you so much, and I go, you
12:47
Speaker 4: are most welcome.
12:50
Speaker 2: Money exactly.
12:52
Speaker 5: Reach is great, Like there's lots of companies that do it,
12:54
Speaker 5: and generally, like once you sign up to their email list,
12:56
Speaker 5: they'll send you like regular emails, which yes, she's.
12:59
Speaker 2: Just been doing all this stuff. Yes, we didn't even
13:02
Speaker 2: know it was an option.
13:03
Speaker 5: One thing about me is if there's a way to
13:05
Speaker 5: make money doing it, I'm doing it.
13:06
Speaker 6: Okay, Well, chips are now by jests totally.
13:11
Speaker 3: No no, no carry on, carry on, expects better at
13:15
Speaker 3: them anyway.
13:16
Speaker 2: Sorry, thank you guys. Okay.
13:18
Speaker 6: The next one comes from Shannon, who says that her
13:20
Speaker 6: counsel does rebates for reusable period products and cloth nappies
13:25
Speaker 6: and reusable nursing pads. So this one is wittle see,
13:28
Speaker 6: so do check your local council website because you might
13:30
Speaker 6: have a similar thing.
13:31
Speaker 2: I don't. I haven't checked mine. I didn't even know
13:34
Speaker 2: that was the thing up. Now, how cool because I
13:36
Speaker 2: will save you fair bit of money, absolutely it would.
13:39
Speaker 2: And what's yours? Beck? Mine is actually you get this
13:42
Speaker 2: green before you tell us we are open ears for you. Beck.
13:50
Speaker 6: This one's double because I thought, like the one that
13:51
Speaker 6: I wanted to go with is really really silly. And
13:53
Speaker 6: then but my actual one that's kind of helpful. It
13:57
Speaker 6: is it is common sensical. But I guess like, obviously
13:59
Speaker 6: I'm going to japair. What I did was I just
14:01
Speaker 6: like called up all my you know, Jim, I'll go
14:03
Speaker 6: to BFT now in all these different things, and I
14:05
Speaker 6: just like froze for the period of time that I'm
14:07
Speaker 6: going for. Yes, so that's a really good idea if
14:09
Speaker 6: you were just.
14:10
Speaker 2: Like so really proactive because most dian you get to
14:12
Speaker 2: do that stuff. Thank you so much. To be fair,
14:15
Speaker 2: I think this is not something you would have done
14:18
Speaker 2: last year. You're so right. Who is she so much?
14:22
Speaker 6: It's the girlfriend glow up, I would say, But I
14:24
Speaker 6: also want to attribute some of this to you.
14:26
Speaker 2: You just want to talk you about your girlfriend.
14:28
Speaker 3: That's very kind to I just wanted an opportunity to
14:30
Speaker 3: talk about your girlfriend, Jess, who is not the jest
14:33
Speaker 3: at this table, not just not the jest at this table,
14:35
Speaker 3: but like, Jess is a great name. We are finding it. Oh, yes,
14:38
Speaker 3: her name is Jess. You Probabs, just real hot, You
14:40
Speaker 3: a good person.
14:41
Speaker 2: You're probably my friend. I'm sorry, and I'm going to
14:43
Speaker 2: stop mentioning her. Okay, No, we wanted to come up
14:45
Speaker 2: all the time. That's this week.
14:47
Speaker 6: The other one that was the one I wanted to
14:48
Speaker 6: go with. It's I'm promising this is real. So my friend,
14:51
Speaker 6: my housemate and friend Alison, downloaded this thing. It's called
14:55
Speaker 6: cash app, and you basically just play games. She stayed
15:00
Speaker 6: up until six am and made like a dollar sixty.
15:03
Speaker 6: Sound I know that that's not much money, but really,
15:07
Speaker 6: if you what's the cost of sleep exactly, and if
15:11
Speaker 6: you're really really struggling, that dollar sixty literally could buy
15:14
Speaker 6: you a can of sardines or a little thing of rights,
15:17
Speaker 6: Like if.
15:17
Speaker 2: You I'm not disagreeing, like that is a great idea.
15:20
Speaker 4: How do you just success the money? How does it work?
15:22
Speaker 3: Okay?
15:22
Speaker 6: Putting it? You can link your PayPal to it. Sorry,
15:25
Speaker 6: it's called free cash. I know that sounds like a
15:27
Speaker 6: big scam.
15:28
Speaker 2: It sounds like scam. That's screaming scam. It is screaming scam.
15:35
Speaker 2: But you kind of like on there.
15:36
Speaker 6: It has like different games that you can download, so
15:38
Speaker 6: you download separately. The one I'm playing right now is
15:41
Speaker 6: Alice's Dream and if you get to level ten, you
15:43
Speaker 6: make like seven dollars or something, and then you get
15:45
Speaker 6: to level fifteen, better than seventeen dollars, but does take
15:48
Speaker 6: a long time to get there.
15:49
Speaker 2: Okay, Well, I'm proud of you and your tenacity.
15:51
Speaker 5: Just make sure you read the teas and c's on
15:53
Speaker 5: anything you download, because I feel like with stuff like that,
15:55
Speaker 5: they're selling your data.
15:56
Speaker 4: Yeah, there's there's.
15:58
Speaker 2: No making webca totally watching you sleep. I'm saying, take
16:02
Speaker 2: my data, watch me sleep. I don't mind.
16:04
Speaker 3: You know what, people are only scammed if it's not consensually.
16:09
Speaker 2: She's in on it.
16:10
Speaker 3: Actually, that's a before we go to the break. I
16:12
Speaker 3: have recently discovered a new podcast which Brooke from our
16:15
Speaker 3: team recommended to me. Because I had a really big
16:17
Speaker 3: drive last week. Because I'm a genius, I decided to
16:20
Speaker 3: drive to Woggle Wogger and back instead of just flying there.
16:24
Speaker 4: Crazy cool.
16:25
Speaker 3: The flight times weren't working for me, and I just, oh,
16:28
Speaker 3: I just I felt like a little solo road trip
16:30
Speaker 3: was a good idea. So I asked for a recommendation
16:33
Speaker 3: of a podcast, and she recommended Scam Fluences.
16:36
Speaker 2: I love that. Have you listened to it? Why didn't
16:39
Speaker 2: you recommend it before? I am in love?
16:41
Speaker 6: I'm very sorry. I just didn't want to take anyone
16:43
Speaker 6: away from She's on the Money podcast.
16:44
Speaker 3: No, no, no, no, We're a podcast to give you
16:46
Speaker 3: good podcast recommendations like that's who we are, Like I
16:50
Speaker 3: will spread the pod love, but Scamfluences Jess, oh my gosh.
16:54
Speaker 3: Each episode does a deep dive into a different scam
16:57
Speaker 3: and they're like do It's like it's a true crime
17:00
Speaker 3: podcast is set up in the same kind of way
17:03
Speaker 3: where they're like, you know, deep dive into the history
17:05
Speaker 3: and what they did and then how they came to
17:06
Speaker 3: their downfall. And I'm just like this is so juicy.
17:09
Speaker 3: So like, obviously big scam, it's like Bill Gibson not covied.
17:12
Speaker 3: It's the smaller ones that are like, you know this
17:15
Speaker 3: person did yeah wildlf Yes as great. I'm gonna go
17:20
Speaker 3: listen to that right after this.
17:21
Speaker 2: You'll hear me on there soon talking about free cash app.
17:23
Speaker 3: Yeah, yeah, yeah, that's gonna be on there. They're gonna
17:25
Speaker 3: be like, so beg haha, big joke. She's part of
17:29
Speaker 3: She's on the money and God scammed. Anyway, let's go
17:32
Speaker 3: to a rake on the flip side, we're gonna be
17:33
Speaker 3: talking about the cost of traveling to family commitments, but
17:37
Speaker 3: also we're answering a money dilemma, which this week is
17:40
Speaker 3: all about inheriting debt.
17:41
Speaker 2: So don't go anywhere, guys.
17:47
Speaker 4: Welcome back, everybody. Let's take a listen to this week's
17:49
Speaker 4: money dilemma.
17:53
Speaker 3: Hi, there, have you got a money dilemma? You just
17:55
Speaker 3: can't solve that. She's on the Money team is here
17:58
Speaker 3: to help. Every week, we have your dilemmas, both big
18:01
Speaker 3: and small, to answer your most burning money, career and
18:04
Speaker 3: life questions. To get involved, simply head to our website
18:07
Speaker 3: and leave us a short voice recording and you might
18:09
Speaker 3: just find yourself on the show. Now, let's take a
18:12
Speaker 3: listen to this week's money dilemma.
18:15
Speaker 2: Hello everyone, She's on the Money. Longtime listener, love the podcast.
18:19
Speaker 2: This is less of a dilemma and more.
18:22
Speaker 7: Of a random thought that I had that it might
18:24
Speaker 7: be helpful with other people. Is I was thinking about
18:27
Speaker 7: my future finances and getting everything set up, and then
18:29
Speaker 7: I thought about when my parents eventually die, which is
18:33
Speaker 7: really grim and sad. But I also thought and to
18:36
Speaker 7: ask them, am I going to inherit debt? Which was
18:39
Speaker 7: really important because my parents own a business, and I
18:42
Speaker 7: wanted to make sure that if I was planning for
18:43
Speaker 7: the future, if debt was going to come back on me.
18:46
Speaker 7: And I thought, maybe if that's something that everyone should
18:48
Speaker 7: be asking, Yeah.
18:50
Speaker 6: Oh, great question. I never really even thought about that.
18:54
Speaker 5: I just said, it's genuinely a thought that has never
18:56
Speaker 5: in my entire life crossed my mind. And it's a
18:58
Speaker 5: very good question that we've probably maybe should be asking.
19:01
Speaker 3: It is a very big question, and I mean, lots
19:04
Speaker 3: of people are going to worry what happens to their
19:06
Speaker 3: debts after they die. But then also it's a very
19:09
Speaker 3: valid concern if you know that someone carries a lot
19:12
Speaker 3: of debt and you know you might be their next
19:15
Speaker 3: of kin or you might.
19:16
Speaker 2: Be the person in their wills.
19:18
Speaker 3: So, like, I get it, it's a more bid topic,
19:20
Speaker 3: but sometimes we have to have these uncomfortable conversations to
19:23
Speaker 3: get ahead in life, right, and like it's better to
19:25
Speaker 3: have this conversation now than laid it down the track,
19:28
Speaker 3: because hopefully this inspires you to get your will and
19:30
Speaker 3: your estate planning set up, which you should be doing anyway.
19:34
Speaker 3: But essentially, long story short, if you don't want to
19:36
Speaker 3: keep listening to me, no you don't usually inherit debt.
19:39
Speaker 3: But essentially what happens is your executor of your will
19:43
Speaker 3: is responsible for collecting and then distributing all of the
19:46
Speaker 3: assets of your estate, so your state's just all the
19:48
Speaker 3: stuff that you own. Firstly, they have to pay any debts,
19:52
Speaker 3: so like if there is an outstanding debt, like they've
19:55
Speaker 3: got a mortgage for example, and let's say the mortgage
19:57
Speaker 3: still has two hundred thousand dollars left on it, and
19:59
Speaker 3: then superannuation and they've got, you know, some savings and stuff.
20:02
Speaker 2: They just hadn't paid off their mortgage.
20:04
Speaker 3: Your super and your savings and all of your other
20:07
Speaker 3: assets will be used to extinguish that debt first, so
20:11
Speaker 3: it'll kind of like balance itself out, and then whatever
20:14
Speaker 3: left at the end, that's then what is distributed from
20:17
Speaker 3: the estate. You're not just going to get all their
20:19
Speaker 3: savings and then you know, get rid of their debt
20:21
Speaker 3: and it just gets written off like they're a state
20:23
Speaker 3: will pay for it. But essentially, when a person dies,
20:26
Speaker 3: any debt that they have paid off by any money
20:29
Speaker 3: or property that they have. So let's say back to
20:32
Speaker 3: that example, they pass away, they have two hundred thousand
20:35
Speaker 3: dollars left on their mortgage but no assets. The property
20:37
Speaker 3: will have to be sold to pay back their debt,
20:41
Speaker 3: or the family members might be offered the opportunity to
20:44
Speaker 3: go all right, well, you know save something happened to
20:46
Speaker 3: me yesterday, Jess, and you were inheriting all my stuff
20:49
Speaker 3: and you were inheriting debt. They would say, oh, well,
20:51
Speaker 3: Jess to keep her house. You can either tip in
20:53
Speaker 3: that two hundred grand or you can just sell it
20:56
Speaker 3: and extinguish the debt and then take what's left over,
20:59
Speaker 3: and does happen in a lot of circumstances, and then
21:02
Speaker 3: the remaining assets are given to the people nominated in
21:05
Speaker 3: the will or the beneficiaries. So the people nominated in
21:08
Speaker 3: the will are known as a beneficiary because you benefit
21:11
Speaker 3: from that will being in place. The executor is responsible
21:16
Speaker 3: for making sure that whatever debts need to be repaid
21:18
Speaker 3: are repaid, and that executor is either somebody that's listed
21:23
Speaker 3: in the will, or an estate planning lawyer or somebody
21:26
Speaker 3: who's been appointed to run that and they actually have
21:29
Speaker 3: to advertise asking for any creditors before they distribute that money,
21:33
Speaker 3: which is honestly, you would have never thought, I have
21:37
Speaker 3: just thought go into their bank account, but they do,
21:40
Speaker 3: and if there's any money in the estate, the executor will.
21:42
Speaker 2: Pay off all of the debts owed to.
21:44
Speaker 3: Those creditors using that money before you see it, Jess
21:47
Speaker 3: from me, because I passed away yesterday. And if there
21:50
Speaker 3: is not enough money in the estate, which is what
21:52
Speaker 3: you are all thinking, I know you want to know
21:54
Speaker 3: the answer to this, the executor will sell the property
21:57
Speaker 3: and then use money from that sale.
22:00
Speaker 2: If there is not enough money in the.
22:02
Speaker 3: Estate after all assets are sold, the debts might not
22:06
Speaker 3: need to be paid off, which is a breath of
22:09
Speaker 3: fresh air to a lot of people who might be
22:11
Speaker 3: really scared of inheriting significant amounts of debt.
22:14
Speaker 2: So other people are only responsible for.
22:17
Speaker 3: Debt if that debt is secured against an asset that
22:20
Speaker 3: is owned by someone else, So like if we had
22:23
Speaker 3: a owned house, or like you know, we owned a
22:25
Speaker 3: car together or something, Jess, or the debt is in
22:29
Speaker 3: the joint names of somebody else. So like if we
22:31
Speaker 3: were married and you were inheriting all of my stuff,
22:34
Speaker 3: well then it's your debt too, like it's your mortgage.
22:37
Speaker 2: Two you don't just get it for free.
22:38
Speaker 3: Or if someone has guaranteed the debt, so sure, that's
22:42
Speaker 3: where a guaranteur comes in. So let's say, Jess, like
22:45
Speaker 3: you're in the home buying market at the moment, which
22:47
Speaker 3: I need to ask her about off air, got some
22:49
Speaker 3: updates I would like to chase up, which one day
22:51
Speaker 3: we'll make it to the show. But if you and
22:54
Speaker 3: I were purchasing a house and I guarantewed it and
22:57
Speaker 3: then you passed away yesterday, I would be liable for
23:00
Speaker 3: that debt ye a garranty?
23:02
Speaker 2: Yeah, does that make sense.
23:03
Speaker 3: So it's also really important to understand the difference between
23:07
Speaker 3: secured and unsecured debts. So a secure debt is something
23:10
Speaker 3: like a mortgage when a creditor lends you money, but
23:13
Speaker 3: they take security, so they kind of go, oh, well, Beck,
23:16
Speaker 3: we'll give you the money for this house, but we
23:17
Speaker 3: know that if you know, the proverbial hits the fan,
23:20
Speaker 3: we can sell the house and get our money back.
23:22
Speaker 3: And then an unsecured debt that just means those repayments
23:25
Speaker 3: would stop because it's not secured against any type of asset,
23:29
Speaker 3: and the borrel would actually have to go to court
23:32
Speaker 3: and then get an order to take the borrel as
23:35
Speaker 3: assets and sell them to pay off that debt. But
23:37
Speaker 3: if there's nothing to sell, the debt basically gets written
23:41
Speaker 3: off and it sucks for them, like because it could
23:43
Speaker 3: be you know, small business or something. But that's kind
23:46
Speaker 3: of how it works in Australia. In America it's a
23:48
Speaker 3: different story. So you might be like, oh my gosh,
23:51
Speaker 3: they inherited so much personal debt.
23:53
Speaker 2: That's not how it works here in Australia.
23:55
Speaker 4: Coo, what a good thought for our listener to have.
23:58
Speaker 2: It at a bit of a morbid topic.
24:00
Speaker 3: Not so fun, I mean, it's never fun, but like
24:03
Speaker 3: it's a good question to ask, because like, who else
24:05
Speaker 3: is going to tell you the answer to that apart
24:07
Speaker 3: from me?
24:07
Speaker 2: Who the moms trying to like talking about morbid things.
24:11
Speaker 3: My mum was a coroner for a really long time,
24:13
Speaker 3: so I'm not sure what you expected happy to be
24:15
Speaker 3: about death and money. But moving on, we need to
24:18
Speaker 3: unpack something that you guys slid into our dms about
24:20
Speaker 3: and this week it's all about the cost of traveling
24:23
Speaker 3: for family commitments, which you know, a bit of a
24:26
Speaker 3: family episode kiss time. It is on theme for us. Yeah,
24:30
Speaker 3: I like it. I want to say we're a little family.
24:32
Speaker 3: But it does give me the equin people work together
24:35
Speaker 3: and they're like, we like family, like realty.
24:38
Speaker 2: It feels cold tea, but really we're still We go
24:45
Speaker 2: on family holidays. So are we family? Maybe? Right? So
24:49
Speaker 2: let me read this out because this is the dam
24:50
Speaker 2: we received hate. She's on the money team.
24:53
Speaker 3: I have a dilemma for you guys that I'm hoping
24:54
Speaker 3: to get some opinions or assistance on I live with
24:57
Speaker 3: my partner about an hour's drive from my closest relative.
25:01
Speaker 3: My brothers and my mum all live clossh to each other,
25:04
Speaker 3: and my dad and step family all live in that
25:06
Speaker 3: vicinity too, and whenever we have days like birthdays or
25:10
Speaker 3: Mother's Day or Christmas celebrations, they never factor into the
25:13
Speaker 3: conversation that I have to travel around two hours for
25:16
Speaker 3: a lunch or get together. I love my family and
25:19
Speaker 3: I don't want to be left out of things, but
25:21
Speaker 3: I need them to understand how much it costs me
25:23
Speaker 3: financially and time wise. It ends up having to be
25:27
Speaker 3: an all day outing for just a meal or a
25:29
Speaker 3: two hour visit. I'm a unique student, so I don't
25:32
Speaker 3: have the money to be consistently paying for fuel and
25:35
Speaker 3: parking and tolls.
25:36
Speaker 2: One of my brothers has a.
25:37
Speaker 3: Work car with fuel paid for and still won't put
25:40
Speaker 3: in the effort to come out my way. How do
25:43
Speaker 3: I get them to understand that it's taking a toll
25:45
Speaker 3: on me in many different ways.
25:47
Speaker 6: It's a good question, I like, obviously, Oh, maybe it's
25:50
Speaker 6: not obvious, but my whole family is in Sydney.
25:53
Speaker 2: Actually, one of my brothers is in Melbourne. Nolle Yay,
25:55
Speaker 2: that's exciting. Yeah, so I totally get it.
25:58
Speaker 6: Like for Christmas sometimes for Easter things like that, it
26:02
Speaker 6: was just like every time I miss home for a second,
26:05
Speaker 6: like I'll drive up. I didn't expect them to come
26:08
Speaker 6: with me every time I miss home. But you know,
26:10
Speaker 6: for bigger things, it got to the point where I
26:12
Speaker 6: would be Like for Christmas last year, for example, I
26:14
Speaker 6: was like, if you guys want my company, you're gonna
26:18
Speaker 6: pay for it. I would like calculate how much it costs.
26:22
Speaker 6: It also is like wear and tear in your car,
26:24
Speaker 6: Like my actual car is going to break down sooner
26:27
Speaker 6: than if I had just stayed in Melbourne for it. Yeah,
26:31
Speaker 6: so like kind of calculating and being reasonable and like
26:34
Speaker 6: adding up all the tolls. Luckily, I have like three
26:37
Speaker 6: brothers and my mom that I'm going up to see,
26:39
Speaker 6: my dad and his partner as well, so I have
26:41
Speaker 6: like a lot of people to delegate those funds too.
26:44
Speaker 6: So I'm like, okay, let's split it by seven, and
26:47
Speaker 6: everyone pays like twenty bucks and they give me twenty
26:49
Speaker 6: bucks each.
26:49
Speaker 2: And that's so cute.
26:51
Speaker 5: You know.
26:51
Speaker 2: I like that you've got the balls to ask your
26:53
Speaker 2: family that, oh yeah, or give me the money you
26:57
Speaker 2: don't see this totally.
26:58
Speaker 6: Or like all kind of not threaten them, but I'll
27:01
Speaker 6: be like, I just I can't afforded this, you guys,
27:04
Speaker 6: and I'll be like no please, I'm like, okay, well.
27:08
Speaker 2: I am learning is actually manipulative astortion extortion, and I'd
27:16
Speaker 2: pay it. I'd be like, oh, but I don't want
27:18
Speaker 2: you to miss it your company exactly.
27:20
Speaker 6: But it's also you know, I totally se where this
27:22
Speaker 6: person's coming from. It does cost a lot of money.
27:24
Speaker 6: So I mean, I wouldn't recommend being like passag about
27:27
Speaker 6: it like I am, like, you're.
27:29
Speaker 3: Not, You're like, give me twenty bucks directly.
27:34
Speaker 2: You can try.
27:35
Speaker 6: That depends on your relationship with your family, but just
27:37
Speaker 6: like yeah, just I guess being upfront and just being like, hey,
27:40
Speaker 6: this is maybe even like calculating how much it costs
27:42
Speaker 6: you for the year and then giving them the full amount,
27:45
Speaker 6: so it kind of like really hits home being like, hey,
27:47
Speaker 6: it costs me a thousand dollars every quarter to visit
27:51
Speaker 6: you guys, and it costs you guys zero dollars because
27:53
Speaker 6: I'm coming to you.
27:54
Speaker 2: And then maybe we'll.
27:55
Speaker 6: Be like whoa, I didn't realize it costs so much.
27:57
Speaker 6: Just kind of doing that way, just making them know
27:59
Speaker 6: how much it costs, like adding up one trip might
28:01
Speaker 6: not be like might be like fifty bucks and they're like, oh,
28:04
Speaker 6: we don't care, you can afford fifty bucks. Yeah, but
28:05
Speaker 6: being like, hey, over the course of a year, it's
28:08
Speaker 6: costing's up.
28:09
Speaker 4: So just kind of frame like that.
28:11
Speaker 2: See see if that changes anything. Just what are your thoughts.
28:14
Speaker 4: I think I have an unpopular opinion.
28:17
Speaker 2: I think it's not going to be unpopular. Oh good,
28:20
Speaker 2: I hate I know, I know, I know what you're
28:22
Speaker 2: about to say.
28:23
Speaker 5: I just think that there are some things in life.
28:27
Speaker 5: I believe very much in sharing expenses and making things
28:31
Speaker 5: relatively equitable where possible. But I do think that there's
28:34
Speaker 5: a line in the sand where like things are your responsibility.
28:38
Speaker 5: And I think if you're the one that has moved
28:40
Speaker 5: away and you are the one who wants to go up,
28:43
Speaker 5: it's kind of on you.
28:45
Speaker 4: Sorry, So.
28:48
Speaker 5: Just I think that, like, with that being said, I
28:51
Speaker 5: think that you are well within your rights to say, hey, guys,
28:53
Speaker 5: like it's so expensive for me to come down, you know,
28:56
Speaker 5: I'm just going to come down for the big ones
28:58
Speaker 5: like I'm not coming down for Sunday lunch every week,
29:00
Speaker 5: or you know, it would be nice if, like for
29:02
Speaker 5: my birthday, you guys.
29:03
Speaker 4: Came to me.
29:04
Speaker 5: But I don't think it's necessarily logistically to me, it
29:07
Speaker 5: just doesn't make sense to say, hey, can all fifteen
29:10
Speaker 5: of you drive two hours to see expect that?
29:13
Speaker 2: Or expects that or like or one person you don't
29:18
Speaker 2: get me.
29:19
Speaker 4: I mean, like, more.
29:20
Speaker 2: Power to you if you would be like, it's working
29:22
Speaker 2: cool Stoway, Yeah, okay. I think maybe it's just about
29:26
Speaker 2: we didn't even invite you v.
29:29
Speaker 4: Maybe it's just.
29:30
Speaker 5: About finding like a middle ground, like could we meet
29:33
Speaker 5: in the middle, you know, every now and again at
29:35
Speaker 5: a restaurant, or could you take a train part of
29:37
Speaker 5: the way or all of the way and maybe someone
29:39
Speaker 5: picks you up at the station. But I just don't
29:42
Speaker 5: think that it's fair when you're the one who has
29:44
Speaker 5: moved like you did this if we blow it out
29:47
Speaker 5: to extremes, like if I moved to London and then
29:49
Speaker 5: you were like, hey, do you want to come to
29:51
Speaker 5: my birthday? And I said yeah, but bitch, you're going
29:53
Speaker 5: to pay for it. I don't know how reasonable that
29:56
Speaker 5: would be, Like that's to take the same.
29:59
Speaker 2: Like I'd be like, so that invitation to my birthday?
30:04
Speaker 2: Can I just start have that I'm just gonna say, is.
30:07
Speaker 5: That Like I just think that I understand when you're
30:11
Speaker 5: a union students really had I understand it, you have
30:12
Speaker 5: to leave a family Facebook not invited anymore, not part
30:17
Speaker 5: of the family anymore. I think that it is kind
30:19
Speaker 5: of something that you need to wear and like absolutely, like,
30:21
Speaker 5: let's try find a middle ground. Public transport is a
30:23
Speaker 5: great option, meeting in the middle occasionally or reducing the
30:26
Speaker 5: amount of times you go. And if you have this
30:28
Speaker 5: conversation they go, oh, but we really want you to
30:30
Speaker 5: come to this lunch. Then I think you can say, okay, well,
30:34
Speaker 5: if I've said it's not within my means and I'm
30:36
Speaker 5: happy to leave it, but you really want me there,
30:38
Speaker 5: can you? You know, then I think it's reasonable to
30:41
Speaker 5: ask for financial contribution. But I think just generally, I
30:44
Speaker 5: don't think it's the problem.
30:45
Speaker 2: Sorry, I think it's about communication.
30:48
Speaker 3: It's so about like you touched on that before, where
30:50
Speaker 3: you like tell them and then you go back and
30:52
Speaker 3: forth for a bit. I am in this legit situation
30:56
Speaker 3: as well. So my family all live in Tasmania and
30:59
Speaker 3: I live in Victoria and so my parents are over here,
31:04
Speaker 3: but all of my extended family, my aunts, my uncles,
31:06
Speaker 3: my cousins, my nana, like they are all in TAZZI.
31:09
Speaker 5: Shout out Zella, shout out Zella. You queen who does
31:12
Speaker 5: not listen to this podcast.
31:14
Speaker 3: But it's kind of been a mismatch over the years.
31:18
Speaker 3: And like because so I moved over from Tasmania to
31:22
Speaker 3: Melbourne because of my parents. Like I was still in
31:25
Speaker 3: school when this decision was made, so it wasn't my
31:27
Speaker 3: decision at all. Don't regret it because like obviously it's
31:30
Speaker 3: worked out pretty nicely. But they would always you know,
31:34
Speaker 3: send us back and like send us back to hang
31:36
Speaker 3: out with family and whatnot. And I think that we
31:39
Speaker 3: always saw that as our responsibility because we were the
31:41
Speaker 3: ones that moved away. So like, you know, we chose,
31:44
Speaker 3: and Jess, you're correct, like or not correct, Like I'm
31:46
Speaker 3: on your side.
31:47
Speaker 2: I suppose we share an opinion.
31:49
Speaker 3: Yeah, we moved, so it's our responsibility to travel back. However,
31:54
Speaker 3: I think reading into this, I get a little bit
31:57
Speaker 3: of nostalgia from when when I first started university and
32:02
Speaker 3: my parents started complaining.
32:03
Speaker 2: Love your mom, and dad.
32:05
Speaker 3: We've all sorted this out now, and I feel like
32:07
Speaker 3: it's a really common thing. They'd be like, you never
32:09
Speaker 3: come back home, like what are you doing, Like you've
32:11
Speaker 3: moved out. I'd be like, well, you're an hour plus away,
32:14
Speaker 3: Like yeah, it's also a two way street if you
32:17
Speaker 3: want to see me, and you're complaining about not seeing me,
32:20
Speaker 3: like I don't want to have to always do the drive,
32:22
Speaker 3: like we can beck to your point, meet in the middle,
32:26
Speaker 3: or like you could come up for dinner at my
32:27
Speaker 3: house sometimes too. And now that's like totally not a thing.
32:30
Speaker 3: But I remember feeling like they would always say, oh,
32:33
Speaker 3: but you never come down and see us, and I'd
32:35
Speaker 3: be like, well, it's a two way street, like you
32:37
Speaker 3: can come up to me as well. And now it
32:39
Speaker 3: totally is back and forth and we do go down
32:42
Speaker 3: a lot, but they come up a lot and whatnot.
32:44
Speaker 3: But over time, I think it's you know, actually having
32:47
Speaker 3: that conversation. So i'd be interested to know if you've
32:51
Speaker 3: had that conversation with your relatives about going like oh
32:54
Speaker 3: my god, it's a two hour round trip, like haha,
32:56
Speaker 3: it's your turn to travel to me next time, Like
32:58
Speaker 3: are we having these conversations or your family just going
33:02
Speaker 3: you know, maybe they've got some blinkers on and they're like, oh,
33:04
Speaker 3: love to create dinner.
33:05
Speaker 2: Oh it'd be so nice if Jess will say, yeah,
33:07
Speaker 2: invite Jess.
33:07
Speaker 3: Yeah, yeah, yeah, we'll book oh that place around the
33:10
Speaker 3: corner love wu Ketter really nice, Like we'll just book
33:12
Speaker 3: la u Ketter. And then they just text you Jess
33:15
Speaker 3: and say, oh, Jess like dinner a lap or Ketter
33:16
Speaker 3: on Friday, question Mark. They're not actually thinking about it
33:19
Speaker 3: because it just hasn't crossed their paths. I don't think
33:22
Speaker 3: it's malicious. I think they're just like.
33:24
Speaker 4: Oh, they just want to see you.
33:25
Speaker 3: They just want to see you, like, oh, definitely make
33:27
Speaker 3: sure Jess and Becker on the invite.
33:28
Speaker 2: And then you're frustrated, and rightly so.
33:31
Speaker 3: Because you're like, well, I'm gonna have to drive two
33:33
Speaker 3: hours there for this dinner and then two hours home
33:36
Speaker 3: and your family are just stoked that you said yes.
33:38
Speaker 3: So I think there needs to be some conversation before
33:41
Speaker 3: making a decision, and it's not about yeah. I don't
33:44
Speaker 3: think we jump to Beck's response of like we'll charge
33:48
Speaker 3: them for that, but maybe go oh, hey, I totally
33:51
Speaker 3: love that any flexibility on the restaurant, like can we
33:53
Speaker 3: pick somewhere halfway between, or you know, next time, could
33:56
Speaker 3: we do it at my end of town. Maybe it's
33:58
Speaker 3: about being a bit more proactive and you get on
34:00
Speaker 3: the front foot and be like, oh my gosh, next time,
34:02
Speaker 3: why don't we try that place near my place and
34:04
Speaker 3: just see how that goes, and then if it doesn't
34:07
Speaker 3: go well, then going hey, guys, like I'm the one
34:10
Speaker 3: that always, you know, is put out completely by this.
34:13
Speaker 2: What do you reckon?
34:14
Speaker 3: So I feel like it's a mixed mash of growth
34:16
Speaker 3: of yours. But my defining factor is communication. Once again,
34:24
Speaker 3: she's on the communication.
34:27
Speaker 6: I feel like we tend to ender that and I hope,
34:29
Speaker 6: but it really isly is the key.
34:31
Speaker 3: So much about money is about having a good chat
34:34
Speaker 3: with someone and being on the same page and being
34:36
Speaker 3: able to be empathetic and being able to step into like, oh, actually,
34:40
Speaker 3: that would be really tough for beck because it does
34:42
Speaker 3: cost you a grand over the year, Like far Out
34:45
Speaker 3: hadn't thought about it, because I promise, Like as much
34:47
Speaker 3: as I would love to say that everybody's always thinking
34:50
Speaker 3: about everything for you too, they're just not They're just
34:53
Speaker 3: not sometimes they need to put your hand up and
34:55
Speaker 3: be like, hey, did you realize that's not great? And
34:57
Speaker 3: they go, oh my god, I'm so sorry. So maybe
35:00
Speaker 3: give them the opportunity to do that.
35:02
Speaker 2: Absolutely, what are the community saying? All right?
35:04
Speaker 3: So we asked the community, and it's common, it's common.
35:07
Speaker 3: So we asked the question, do you live in a
35:09
Speaker 3: different location to your friends and family and do you
35:12
Speaker 3: have to travel to see them for celebrations and stuff.
35:15
Speaker 3: Seventy six percent of you said yes, so this is common.
35:18
Speaker 3: The next question we asked is, if yes, how much
35:20
Speaker 3: money would you spend on having to travel? Twenty nine
35:23
Speaker 3: percent of you said fifty bucks, twenty two percent said
35:25
Speaker 3: one hundred, thirteen percent of you said two hundred and
35:29
Speaker 3: a whopping thirty six percent of you said more than
35:31
Speaker 3: three hundred dollars.
35:32
Speaker 4: Wow.
35:33
Speaker 2: We said, do you.
35:34
Speaker 3: Think the family should contribute to the travel costs if
35:37
Speaker 3: they are not willing to travel themselves?
35:40
Speaker 2: Caveat there.
35:41
Speaker 3: If they are not willing to travel themselves, thirty three
35:45
Speaker 3: percent of you said yes, and sixty seven percent of
35:48
Speaker 3: you said no. Okay. We then said, give us your
35:51
Speaker 3: two cents. We want the insight, we want community.
35:53
Speaker 2: Yeah, I want the juice.
35:54
Speaker 3: I also love it when you guys have spicy opinions
35:56
Speaker 3: in here, like nothing sets my soul on fire, like
35:59
Speaker 3: feeling like I'm in on the gossip.
36:01
Speaker 2: So here are a few comments.
36:03
Speaker 3: So first, one, only travel for really special occasions like
36:06
Speaker 3: birthdays and Christmas, and definitely set a budget for them.
36:10
Speaker 3: Someone else said, make sure you're asking for venues that
36:12
Speaker 3: are halfway between the two of you. If they don't
36:14
Speaker 3: want that, then maybe don't attend. Someone said, that's actually
36:17
Speaker 3: just part of life. That's your responsibility. No one owes
36:20
Speaker 3: you anything. Well, the name on that wasn't Jessica weird?
36:27
Speaker 3: Someone else said, depends on whose choice it was to move,
36:30
Speaker 3: but it's something that should have been factored into your
36:32
Speaker 3: moving decision.
36:34
Speaker 2: Well that's fair, jess It's like I told you told
36:36
Speaker 2: you guys.
36:37
Speaker 5: I'm just glad that I'm not the really mean, horrible
36:39
Speaker 5: person that was like, oh.
36:40
Speaker 3: No, in this situation, I don't think there's a right
36:44
Speaker 3: or a wrong. I think it's just like what works
36:47
Speaker 3: in the middle of somewhere. It's like if I sat
36:49
Speaker 3: you guys down and said, well, how do your families
36:51
Speaker 3: do Christmas? Absolutely diverse experiences? Yes, does that mean that
36:56
Speaker 3: my way of doing Christmas is the right way. No,
36:58
Speaker 3: it's probably the wrong way of it, be honest, But
37:01
Speaker 3: everybody is different and there's no right or wrong, especially
37:03
Speaker 3: when it comes to this stuff like totally, we're all
37:05
Speaker 3: just doing life for the first time together. Guy, we
37:08
Speaker 3: were doing a best Someone said, you need to select
37:10
Speaker 3: what is important to you. You need to be selective
37:12
Speaker 3: in what you attend in person.
37:14
Speaker 2: Maybe you could do zoom table for three things on screen.
37:22
Speaker 3: It's orrible.
37:23
Speaker 2: I actually got rejected. Recently.
37:25
Speaker 3: I asked my husband to put me on FaceTime when
37:28
Speaker 3: he went to a wedding because I couldn't attend because
37:30
Speaker 3: I just had a baby.
37:32
Speaker 2: Yes, he said no. He was like, oh, that'd be embarrasing.
37:35
Speaker 2: I was like, well, funny, you are a grudsmith.
37:37
Speaker 3: So someone else said it's okay to have boundaries with
37:42
Speaker 3: family and events, but your location is actually your responsibility.
37:47
Speaker 3: And then the last one, someone said, I either make
37:50
Speaker 3: the financial sacrifice or make the social sacrifice. I made
37:54
Speaker 3: the decision to have a sacrifice because I chose to
37:57
Speaker 3: move sure, so financial scrif by social sacrifice.
38:01
Speaker 2: I mean, everything's a balancing act these days, isn't it. Yeah,
38:03
Speaker 2: that's a really good point. Actually it's very hard.
38:06
Speaker 5: But I mean, if you're like Beck and you can
38:08
Speaker 5: get people to cough up by.
38:09
Speaker 2: All means, next time Jess is like, hey, it's been
38:13
Speaker 2: a while, do you want to catch up, I'll be
38:14
Speaker 2: like twenty bucks. Yeah, there's no harmon asked. You might
38:18
Speaker 2: lose a friend.
38:20
Speaker 3: You might lose a friend, but if you're back, you
38:22
Speaker 3: can make a million more so.
38:24
Speaker 2: Oh and you can make some money as well. So yeah,
38:27
Speaker 2: you know what. I think that is a really great
38:29
Speaker 2: place to leave it.
38:30
Speaker 3: Guys, have the best weekend and we will see you
38:32
Speaker 3: bright and early on Monday morning.
38:34
Speaker 2: For Money Diaries, Bye bye, guys. Bye.
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