Latest / She's On The Money / Main Squeeze Budget T's & C's

Transcript

Main Squeeze Budget T's & C's · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
0:04
Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
0:08
Speaker 1: we get started on She's on the Money podcast, I
0:11
Speaker 1: would like to acknowledge the traditional custodians of the land
0:14
Speaker 1: of which this podcast is recorded on a wondery country,
0:18
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
0:22
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
0:27
Speaker 1: and the storytelling of you to make a difference for
0:30
Speaker 1: today and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it.
0:34
Speaker 3: She's on the Money. She's on the Money.
0:57
Speaker 2: Hello and welcome to She's the Money the podcast and
1:01
Speaker 2: millennials who want financial freedom. My friends, today it is Friday,
1:05
Speaker 2: which guess what that means, in no surprise to anybody,
1:08
Speaker 2: is the time to get my little team together and
1:10
Speaker 2: celebrate you ow incredible. She's on the Money community today.
1:15
Speaker 2: Miss Jess Ricci, she's back. She's sharing her money wins
1:18
Speaker 2: and confessions from the community. Miss beck Sayed has a
1:22
Speaker 2: number of very exciting broke tips for us. We're going
1:25
Speaker 2: to be helping to answer a juicy money dilemma which
1:27
Speaker 2: this week is all about getting out of a rut
1:29
Speaker 2: and still prioritizing future you, and we're gonna unpack something
1:33
Speaker 2: that you slid into our DMS, about which this week
1:35
Speaker 2: we're adding spending money on yourself from a joint account
1:39
Speaker 2: that you have in your partner. Before we get there, though,
1:43
Speaker 2: my friends, how are you good?
1:46
Speaker 4: It's sunny today. Nice difference for those of us in
1:49
Speaker 4: Melbourne who've been dealing with the rain and the I
1:53
Speaker 4: was gonna say the hail and the snow, but we
1:54
Speaker 4: haven't had hail or snow, so just the rain. There
1:57
Speaker 4: were you not cly not your Yeah. I love that
2:01
Speaker 4: the sun is out, feeling good, feeling happy New Year.
2:04
Speaker 4: You me still basking in the glow of that, currently
2:06
Speaker 4: trying to sow my Taylor Swift errors outfit for anyone
2:08
Speaker 4: who follows me on social media and is keeping up.
2:10
Speaker 4: I don't know how to sew.
2:11
Speaker 5: I didn't pick you as a habitashist, a haberdashist.
2:16
Speaker 4: I'm not one.
2:16
Speaker 5: I've literally never even heard that term. Your habitashists radar
2:20
Speaker 5: is bang on. That's good to know. That's good to know.
2:25
Speaker 5: I'll walk out on the streets of confidence. That's good
2:31
Speaker 5: to know that sounds lovely and just as your bad
2:34
Speaker 5: luck street come to an end. I don't I don't
2:37
Speaker 5: want to trigger you. Don't you get.
2:39
Speaker 2: Taylor Swift like Diamonte cowboy boots in.
2:42
Speaker 4: The very exciting, very cute. No, there's currently a hole
2:46
Speaker 4: in my roof. Still leaks when it rains, arguably more
2:48
Speaker 4: so than ever before.
2:49
Speaker 2: But we are going to get very close to this
2:53
Speaker 2: real estate agency because it is wild what they're putting
2:56
Speaker 2: you through there.
2:58
Speaker 4: It's more of a company that built out like it's
3:01
Speaker 4: a brand new house.
3:01
Speaker 2: I'm sorry you called their emergency line and they were like, sorry,
3:05
Speaker 2: they're busy.
3:07
Speaker 4: Today has always been better than mine.
3:11
Speaker 5: I don't want to rob it in, but I certainly
3:13
Speaker 5: has speaking and I also don't want to drink that.
3:15
Speaker 5: At the same time, my voice is back, as you
3:17
Speaker 5: guys can tell.
3:18
Speaker 2: Yeah, I feel like we're all back after the holiday,
3:20
Speaker 2: and they're like, listen to us, we sound young again.
3:24
Speaker 4: Yes, we like.
3:26
Speaker 5: It's gonna wear for really quickly. I feel like at
3:27
Speaker 5: the start of the year everyone's really happy, really light,
3:30
Speaker 5: really bouncy. Maybe by July we'll be bit angry again.
3:34
Speaker 4: Well that's a good run. If I make it to
3:35
Speaker 4: July before I'll be thrilled.
3:39
Speaker 5: Honestly, that's a great run.
3:40
Speaker 4: I mean for you.
3:41
Speaker 5: I couldn't even be several hours if it hasn't happened already.
3:45
Speaker 5: But no, moment's been really good, just being like seeing
3:48
Speaker 5: friends and being on the potinsular. Yeah, it's really nice.
3:52
Speaker 5: It's lovely. Day has just said, just good fights all round,
3:55
Speaker 5: feeling great.
3:56
Speaker 2: I love I love this so much. I'm getting increasingly
3:59
Speaker 2: unco comfortable. I do now look like I am smuggling
4:02
Speaker 2: a beach ball. But that is okay, very grateful, very healthy,
4:06
Speaker 2: very happy. Yeah, I'm excited for Taylor Swift as well.
4:09
Speaker 2: Like Jess and I are going together with two other
4:12
Speaker 2: girls from our team, which is obviously going to be
4:14
Speaker 2: the best ever.
4:16
Speaker 4: You're wearing a friendship bracelet? Is that related or unrelated?
4:18
Speaker 2: It is related because fifty bracelet not going to this
4:24
Speaker 2: When is this concert that's on the seventeenth of January February. Yeah,
4:29
Speaker 2: I'm going to be thirty nine weeks pregnant. I will
4:31
Speaker 2: regret nothing.
4:33
Speaker 5: That is going to be very hard. But no, someone
4:36
Speaker 5: is going and she may be a bracelet for the
4:39
Speaker 5: well it there's a bit of vackstory. It's tweetledumb because
4:42
Speaker 5: she's tweetled d Well, there wasn't really that much a
4:43
Speaker 5: Vacktorid's that that's actually just the story.
4:49
Speaker 2: And I think you're says fearless, doesn't it? I need
4:52
Speaker 2: to make myself one so that it can like sit
4:55
Speaker 2: on my thank you. I actually will commission that I
4:59
Speaker 2: need to.
5:00
Speaker 4: I've got any email just before my package is arrived
5:02
Speaker 4: with all my beads.
5:02
Speaker 2: Is this something that I'm going to be expected to do?
5:05
Speaker 5: I'll do it for you? Like, do I need to
5:06
Speaker 5: get a.
5:06
Speaker 2: Whole heap of bracelets to trade because everybody else is
5:09
Speaker 2: going to have bracelets to trade?
5:10
Speaker 5: You've got enough on your plate?
5:11
Speaker 2: Can I just buy bracelets?
5:12
Speaker 5: Is that an option?
5:13
Speaker 4: Don't worry about it. We'll talk later.
5:14
Speaker 5: I got your covered, Okay, okay, okay.
5:17
Speaker 2: I haven't even thought about my outfit because I can't
5:20
Speaker 2: stop thinking about the idea that you know, Jess has
5:23
Speaker 2: these beautiful outfits in mind, right, She's got all of
5:26
Speaker 2: these beautiful options, and then she's like posting videos of
5:29
Speaker 2: like beautiful chul and stuff, and I'm like, this is
5:31
Speaker 2: going to look slay if you put me in sparkles
5:34
Speaker 2: and diamonds. I'm going to look like a disco ball.
5:37
Speaker 4: I think we go all in and you just wear
5:38
Speaker 4: a crop top and we paint a disco ball on
5:40
Speaker 4: your belly.
5:40
Speaker 2: Absolutely not a great I already feel somewhat uncomfortable whenever
5:46
Speaker 2: my belly is out. Over summer, I like wore a
5:48
Speaker 2: bikini and it took point two seconds for me to
5:51
Speaker 2: go find a linen shirt and be.
5:52
Speaker 5: Like, look, I want you to wear a pencil skirt
5:56
Speaker 5: and the belly will be the top of a microphone.
5:58
Speaker 4: Oh my god, that's so good?
6:01
Speaker 5: Is that?
6:02
Speaker 1: Like?
6:02
Speaker 5: Can you do can you do that?
6:03
Speaker 4: Just for me?
6:04
Speaker 3: Just for you, just for you?
6:06
Speaker 2: All right, moving on, because I don't want any more
6:08
Speaker 2: Habitdasherie recommendation. Let's get into what has been happening in
6:14
Speaker 2: the community. It's just Gricci. What community money wins? All
6:17
Speaker 2: confessions have you got to share this week?
6:18
Speaker 4: Firstly, I've got a win from Ashley who said I
6:21
Speaker 4: finally found a way to make iced coffee at home
6:24
Speaker 4: that tastes better than my morning mac is iced coffee,
6:27
Speaker 4: saving myself a cheeky seventy dollars a week by not
6:30
Speaker 4: buying them went out and about.
6:32
Speaker 5: Could she send the recipe.
6:34
Speaker 4: Yeah, that's actually the question, Ashley, please share the recipe
6:36
Speaker 4: with us. Actually I think she did because I can
6:38
Speaker 4: see at least as the same thing. So go to
6:40
Speaker 4: the thread great recipes there. Next, I've got a money
6:43
Speaker 4: win from Lucy, who said money win. Good name, but
6:45
Speaker 4: it is a good name spelled with an I, not
6:47
Speaker 4: with a wife. Oh way cuter, wait, very cute.
6:50
Speaker 5: I pictured l I see ye where.
6:54
Speaker 2: It's like how when I met my husband and his
6:57
Speaker 2: name is Stephen and he said, yeah, it's a Stephen
6:59
Speaker 2: with a pea and I immediately thought of that Small
7:02
Speaker 2: Mexicular Dog album. And now he's saved in my phone
7:06
Speaker 2: as pht e ve e n and the small Mexican
7:09
Speaker 2: Dog is his profile picture.
7:11
Speaker 5: Very huge.
7:12
Speaker 4: Hilariously, that's how he saved in my phone too, because
7:15
Speaker 4: you air dropped the contact to me like everybody.
7:19
Speaker 5: Their phoney.
7:21
Speaker 4: But Lucy said money win. I bought a Raffle ticket
7:24
Speaker 4: with money I earned from the collect the Container Deposit scheme.
7:29
Speaker 4: I won said Raffle, which included a fifty dollars pharmacy voucher.
7:32
Speaker 4: I went to the pharmacy to buy a discounted breast
7:34
Speaker 4: pub it was the last month they had in stock,
7:36
Speaker 4: so they discounted it a further fifty dollars.
7:39
Speaker 2: Okay, but they're really expensive and I didn't know that.
7:41
Speaker 4: So she only paid fifty bucks, which was covered by
7:45
Speaker 4: her container refund, so she saved you nine dollars together.
7:48
Speaker 5: No gosh, there you go.
7:49
Speaker 4: Recycle your bottles, Runds.
7:51
Speaker 5: That's incredible.
7:52
Speaker 4: Never know when you could win a voucher next. I've
7:54
Speaker 4: got one from Nicole who said double money win. Someone
7:57
Speaker 4: posted in my local Facebook group looking for any one
8:00
Speaker 4: with an overgrown yard who wouldn't mind having some sheep
8:03
Speaker 4: over for a week to eat it down. Me she
8:06
Speaker 4: said me, totally.
8:08
Speaker 1: Me.
8:08
Speaker 4: I get my lawn mode and fertilized and they didn't
8:11
Speaker 4: have to pay to feed the sheep for ten days.
8:13
Speaker 4: Meet Paris, Chocolate and Honey, my new lawn maintenance crew,
8:17
Speaker 4: and of course we have a picture. Most thing I've
8:22
Speaker 4: seen in my life that's really clever. If they happen
8:24
Speaker 4: to want to do a front nature strip, I know
8:26
Speaker 4: someone with one.
8:27
Speaker 5: That's very overgrown.
8:28
Speaker 2: I actually follow. I don't know who it is.
8:30
Speaker 5: I will post it on my stories.
8:32
Speaker 2: I follow a group of goats, one who do like
8:37
Speaker 2: garden demolition, and.
8:38
Speaker 5: I got like, that's so funny, and they like sence
8:41
Speaker 5: the goats.
8:41
Speaker 2: Into places that have like really like dense like shrubbery
8:46
Speaker 2: and stuff that people are meant to pull out that
8:47
Speaker 2: goats eat everything. So they do these time lapses of
8:51
Speaker 2: these goats going in and doing their work and like
8:53
Speaker 2: eating everything and then going away being like we're the goats,
8:56
Speaker 2: we did our work.
8:57
Speaker 4: I actually love everything about that.
8:59
Speaker 5: I'm gonna say.
9:02
Speaker 2: So funny.
9:03
Speaker 4: I'm that is amazing. Next, Christine said she picked up
9:07
Speaker 4: a gorgeous stainless steel pan from the op shop for
9:09
Speaker 4: ten bucks when it's worth one hundred. Love a good opshop. Fine,
9:13
Speaker 4: good time to be op shopping at a moment?
9:15
Speaker 5: Is it well played?
9:17
Speaker 4: Didn't even catch that everyone's getting rid of their stuff
9:19
Speaker 4: for the new.
9:19
Speaker 5: Year, so you shop time right now is great.
9:26
Speaker 4: Rhiannon said, money Win. I found a broken bit of
9:29
Speaker 4: plant on the footpath, put it in water to grow roots,
9:31
Speaker 4: and after a few weeks I got a new plant
9:33
Speaker 4: baby for free.
9:34
Speaker 2: Money Win.
9:35
Speaker 4: Beautiful photo, oh lovely of the plant baby. I want
9:38
Speaker 4: to know, did you find it on the footpath or did.
9:40
Speaker 2: You liberate it?
9:41
Speaker 4: Find it on the foot path.
9:44
Speaker 2: Like the time I stole a string of pearls from
9:47
Speaker 2: my sister's string of pearls plants and planted that myself
9:51
Speaker 2: and now mine looks better than hers.
9:53
Speaker 5: Oh, that would kill you. Well, maybe she should have
9:56
Speaker 5: looked after it in the first place.
9:58
Speaker 4: Lastly, I have a money win from Catherine which comes
10:01
Speaker 4: with a little bit of a PSA. She said, free money.
10:04
Speaker 4: I signed up to Chairs's with the ten dollar SotM code,
10:07
Speaker 4: which I've then reinvested the dividends that I earned. I
10:10
Speaker 4: feel so rich when I look at it, despite having
10:12
Speaker 4: no spare dollars to invest right now. Thanks SotM, You'm welcome.
10:16
Speaker 2: So you're saying that your free money is making more
10:19
Speaker 2: free money, and that free money will make you more money,
10:21
Speaker 2: huge money.
10:22
Speaker 4: We light hack and it was I said PSA because
10:25
Speaker 4: a few people dm us to say the code wasn't working.
10:28
Speaker 2: Cool. We've been canceled by Chasey.
10:30
Speaker 4: Oh I reached out. Thankfully, they've given us the code
10:33
Speaker 4: back for another year. So SotM will give you a
10:34
Speaker 4: free ten bucks when you sign up, so we don't
10:36
Speaker 4: get anything for that. Just to be very clear, that
10:39
Speaker 4: is not a referral code. That's just free money for
10:42
Speaker 4: you and dividends as well. So now Catherine's on the
10:45
Speaker 4: app and up.
10:46
Speaker 2: I love it. What else have you got, Jess? That's it?
10:48
Speaker 5: That's it.
10:49
Speaker 2: I mean, that's ending on a like free money giving
10:51
Speaker 2: free money. That was a good place to end. People
10:54
Speaker 2: who love free money also love broke tips. So Beck
10:58
Speaker 2: say it, what have you for us?
11:00
Speaker 5: Okay? So this week I have, as always, two from
11:04
Speaker 5: the community, one for myself. So the first one comes
11:06
Speaker 5: from Prianca. She suggested it's something I have done. Dye
11:09
Speaker 5: your old clothes instead of buying new ones, like referb
11:12
Speaker 5: which is a great idea because often, like for example,
11:15
Speaker 5: I'll buy white shirts that look amazing for like one
11:17
Speaker 5: and a half hours, and then I always yes, And
11:22
Speaker 5: I actually recently died one of them pink and the
11:25
Speaker 5: stains are kind of gone, like maybe they're still kind
11:27
Speaker 5: of there, but you see.
11:28
Speaker 2: Them with a pinkover and everyone's like, oh my gosh,
11:30
Speaker 2: I buy a new shirt.
11:32
Speaker 5: I'm like, yeah, thank you so much, and it didn't
11:34
Speaker 5: barely cost me anything. But you can also tell people
11:36
Speaker 5: that you're a habitasherist and you made it exactly exactly.
11:39
Speaker 5: So yeah, killing like multiple birds with one stone out
11:43
Speaker 5: in twenty twenty four. We're not killing animals anyway.
11:46
Speaker 2: So the next one comes from me on the Vegan trip,
11:49
Speaker 2: because I have seen her eat steak.
11:51
Speaker 5: That's true, very early controversial waters.
11:54
Speaker 4: Please steer away.
11:55
Speaker 5: Let's steer away. I'm very scared right now, she's on spicy.
12:00
Speaker 5: Next one comes from Reliar, who shared a page on
12:01
Speaker 5: Instagram that post cheap hacks, and one in particular that
12:04
Speaker 5: I liked is about this article that gave you suggestions
12:06
Speaker 5: on really cheap recipes. Some of them were like eight dollars,
12:09
Speaker 5: some of them were cheap, some of them are tiny
12:11
Speaker 5: bit more expensive. But so this Instagram page is at
12:14
Speaker 5: four zero one Okayay, so four hundred and one Okay,
12:17
Speaker 5: I don't really know what that stands for.
12:19
Speaker 2: We're not going to question it because they have cheap
12:20
Speaker 2: recipes back.
12:21
Speaker 5: Exactly, let's not question it. But they also have other
12:23
Speaker 5: little cheap hacks, but just have a little peruse go
12:26
Speaker 5: on their Instagram. Yeah, have a look. But yes, that
12:28
Speaker 5: cheap recipe article I will be following to the tea
12:32
Speaker 5: because that is you know, I think it's my like
12:34
Speaker 5: cheating food. We absolutely need food to survive, and so
12:39
Speaker 5: you know, if that's all you can afford before payday,
12:41
Speaker 5: at least do it cheaply as possible.
12:43
Speaker 2: But also, even if you can afford it, what a
12:45
Speaker 2: good way to save some money. So find some cheap
12:47
Speaker 2: eats like slash your grocery bill. Yeah, that is absolutely
12:51
Speaker 2: what you should be doing in twenty twenty four. But importantly,
12:55
Speaker 2: you're not going to get away with pretending that you're
12:57
Speaker 2: a habitasherist. Yes, just because you died your shit pink
13:00
Speaker 2: does not get you out of giving us a broke
13:02
Speaker 2: tip from you. What is the tip that you are
13:05
Speaker 2: bringing to.
13:05
Speaker 5: The table this I do sometimes like to merge the two,
13:08
Speaker 5: but I won't know.
13:08
Speaker 2: I've noticed she's lazy. I won't be stingy even on
13:13
Speaker 2: her tips. So my broke tip for this week.
13:15
Speaker 5: I'm not sure if anyone remembers, but last year I
13:17
Speaker 5: did share a tip about the Brunswick Tool Library, which
13:20
Speaker 5: is where you like kind of borrow tools and stuff
13:22
Speaker 5: you don't have to pay for them. They're very expensive,
13:24
Speaker 5: turns out, so this is in the same vein. So
13:27
Speaker 5: some libraries have these things called maker spaces, which is
13:29
Speaker 5: where you know, if you want to get into embroidery
13:31
Speaker 5: or sewing, or things like that, and you can you know,
13:33
Speaker 5: borrow other things like puzzles and games and stuff. But
13:36
Speaker 5: these places are dedicated to people who want to learn
13:39
Speaker 5: that kind of skill may not have the resources or
13:43
Speaker 5: the money to afford to BUYO. That's all those things themselves,
13:46
Speaker 5: like you know, the sewing I don't know how much
13:48
Speaker 5: a sewing machine is. I should so expensive.
13:50
Speaker 4: I looked into it for making my outfit and I
13:52
Speaker 4: decided I was going to hands because hundreds and hundreds
13:56
Speaker 4: and hundreds of dollars.
13:56
Speaker 1: Wow.
13:57
Speaker 5: So that's why things like this are really good, and
13:59
Speaker 5: that you know, if you are wanting to monetize that
14:02
Speaker 5: skill eventually that could even make you money. But let's
14:04
Speaker 5: not get to ahead of ourselves. But I think it
14:06
Speaker 5: is a really good way to kind of like expand
14:09
Speaker 5: your skill set and maybe learn a new skill along
14:12
Speaker 5: the way, but also like do something you want for free,
14:15
Speaker 5: like money, and also you can use that to tailor
14:20
Speaker 5: your own clothes one day. Love it.
14:22
Speaker 4: That's such a gay.
14:23
Speaker 2: That's genius.
14:24
Speaker 4: That's I love it.
14:25
Speaker 5: Thank you so much.
14:25
Speaker 1: That's me.
14:26
Speaker 2: All right, let's go to a really quick break on
14:28
Speaker 2: the flip side. We are talking about getting out of
14:30
Speaker 2: a rut and still prioritizing future you and you slid
14:33
Speaker 2: into our DMS about a topic this week that I
14:35
Speaker 2: am genuinely so excited to break down spending money from
14:39
Speaker 2: a shared account that you share with your partner.
14:41
Speaker 4: I think it's going to be divisive.
14:42
Speaker 2: I think it'll be divisive too, because it's not just
14:45
Speaker 2: on electricity, you know, So, guys, don't go anywhere.
14:53
Speaker 4: Welcome back, everybody. Let's take a listen to the Money
14:55
Speaker 4: to lemmons for this week.
14:58
Speaker 6: Hi, there, have you got a money dilemma you just
15:00
Speaker 6: can't solve? The Sheese on the Money team is here
15:03
Speaker 6: to help. Every week, we tackle your dilemmas, both big
15:06
Speaker 6: and small, to answer your most burning money, career and
15:09
Speaker 6: life questions. To get involved, simply head to our website
15:12
Speaker 6: and leave us a short voice recording and you might
15:14
Speaker 6: just find yourself on the show.
15:16
Speaker 2: Now, let's take a listen to this week's money dilemma.
15:22
Speaker 7: Hi, love Lies, I'm really hoping you can help me
15:24
Speaker 7: make a decision. I am in a rut and I
15:26
Speaker 7: am struggling to change that. I'm in a dead end job,
15:29
Speaker 7: I'm goalless and I'm savings less. The only thing I'm
15:32
Speaker 7: sure of is that I want to either move and
15:34
Speaker 7: make a fresh start, or travel the country for a
15:36
Speaker 7: year before settling down somewhere. My options for funding this
15:40
Speaker 7: would be to either sell my house or borrow against
15:42
Speaker 7: some equity. After paying out my loan, I would have
15:45
Speaker 7: approximately three hundred thousand dollars in profit. Alternatively, if I
15:49
Speaker 7: keep the houses in investment and rent it out, I
15:51
Speaker 7: could use some of the one hundred and ninety thousand
15:53
Speaker 7: dollars of equity that has built up. It would be
15:56
Speaker 7: very very easy for me to sell up and run away,
15:59
Speaker 7: but I'm not sure that that would be the best
16:01
Speaker 7: for future me. What do you think would be the
16:03
Speaker 7: best move?
16:03
Speaker 2: I think this is a really interesting one. There's a
16:08
Speaker 2: quote here we go loves a quote. I love a quote,
16:12
Speaker 2: Quote scal. I've gone from being twenty twenty three stat
16:15
Speaker 2: scout to twenty twenty four quote scale. Wait, you want
16:18
Speaker 2: a motivational quote, I've got one for you. But there
16:21
Speaker 2: is a quote that basically says, you can run, but
16:23
Speaker 2: your problems are going to follow you. And I'm not
16:25
Speaker 2: saying that you've got massive problems, but like this idea
16:28
Speaker 2: of like, oh, I don't really know what I'm doing,
16:30
Speaker 2: but like I should sell up and move completely, I
16:35
Speaker 2: would argue, is not the solution that you're looking for.
16:38
Speaker 2: It could provide some level of clarity, It could provide
16:41
Speaker 2: a different environment for you to you know, get used to.
16:44
Speaker 2: But I genuinely think that before you do any of that,
16:47
Speaker 2: you should be really sitting down and thinking about or
16:51
Speaker 2: I say, you don't have any goals, but like what
16:53
Speaker 2: in my life do I value? What in my life
16:55
Speaker 2: am I grateful for? What in my life do I
16:57
Speaker 2: you know, feel like I want to change? Or like
16:58
Speaker 2: is a little bit stagnant and actually doing some planning
17:01
Speaker 2: to understand why you feel this way, because if you
17:04
Speaker 2: can't articulate, like I want to run a but I
17:06
Speaker 2: don't know why or when or where or how just
17:08
Speaker 2: like doing that and making such a big decision. If
17:12
Speaker 2: you're saying, look, I could have you know, three hundred
17:13
Speaker 2: grand in profit, Well that's great, but like, are you
17:16
Speaker 2: planning on just blowing that to have your best life ever?
17:19
Speaker 2: Because you feel like running away like that three hundred
17:22
Speaker 2: thousand dollars today is worth three hundred grand, but when
17:25
Speaker 2: you come to retirement it could be worth millions. Like,
17:28
Speaker 2: you know, if we look at your property and you're saying, well,
17:30
Speaker 2: there's one hundred and ninety thousand dollars worth of equity,
17:32
Speaker 2: Like that's fantastic. Are we putting future us first by
17:36
Speaker 2: actually making the decisions that you're making. Should we be
17:38
Speaker 2: looking at, you know, renting it out, maybe using some
17:41
Speaker 2: of that rental income to like, you know, go on
17:44
Speaker 2: a big Europe trip because you do want to get
17:45
Speaker 2: away and want to experience some new things and then
17:48
Speaker 2: coming back. I'm not saying you can't move or change,
17:51
Speaker 2: but like, those are big decisions that are going to
17:53
Speaker 2: have really big grammifications on your future financial well being.
17:58
Speaker 2: And I just go, hmm, I wouldn't be so quick
18:00
Speaker 2: to jump into that. You ever felt like running away?
18:03
Speaker 5: Yeah, all the time. I literally ran away from Sydney
18:05
Speaker 5: to Melbourne and it was the best decision ever.
18:07
Speaker 2: But yeah, because you see it now, we get it,
18:08
Speaker 2: don't exactly this is the.
18:10
Speaker 5: Thing and this is not really it's obviously not financial advice,
18:13
Speaker 5: but this is more life advice.
18:14
Speaker 1: None of it is.
18:15
Speaker 2: I think this is a life advice segment.
18:16
Speaker 5: Now probably a life advice situation. But for me, take
18:20
Speaker 5: for example, you know, I've always been in entry level
18:23
Speaker 5: jobs literally this time. Two years ago, I was working
18:26
Speaker 5: in a warehouses, a pickpacker, and I decided I got
18:28
Speaker 5: saying no, no.
18:29
Speaker 2: Wait no, like five years ago, bars down, I mean
18:34
Speaker 2: no statement.
18:35
Speaker 5: The statement retracted.
18:37
Speaker 2: Then she came to work at She's on the money.
18:38
Speaker 5: I see it, fab.
18:40
Speaker 2: I think that the side like packages. You guys said
18:42
Speaker 2: that you worked with packages.
18:44
Speaker 4: Match.
18:47
Speaker 5: She liked ours. That's anyway. I did impact like your package.
18:51
Speaker 2: But no.
18:52
Speaker 5: So one thing that I told myself because I was
18:55
Speaker 5: obviously like, you know, it was twenty nine thirty, that's
18:58
Speaker 5: not old by any means, but I was like, I
19:00
Speaker 5: should probably do something. I decided to really look at life.
19:04
Speaker 5: Instead of being halfway up or a little bit up
19:06
Speaker 5: a ladder, I don't want to climb. I decided to
19:08
Speaker 5: start at the bottom of a ladder. I wanted to climb,
19:10
Speaker 5: which is new ladder, which is you know, I started
19:12
Speaker 5: on reception here, and that's like just starting at the
19:14
Speaker 5: very and you killed it of a ladder. You want
19:16
Speaker 5: to climb, and even that kind of brings you the
19:18
Speaker 5: happiness or the satisfaction you kind of want. Knowing that
19:20
Speaker 5: you're in a dead end job. This is a job
19:22
Speaker 5: that will eventually lead something that you want to do,
19:25
Speaker 5: but also move if you want to. But just keep
19:28
Speaker 5: that in mind. Start like, just climb a ladder you
19:30
Speaker 5: want to climb, even if it's at the very very
19:32
Speaker 5: very bottom of it, and trying to make that work.
19:35
Speaker 4: That's very poetic.
19:36
Speaker 2: You're trying from home. Just no, I think it's got
19:40
Speaker 2: a really nice house. That makes sense.
19:42
Speaker 5: Well, there's a few holes in the roof, that's true. Yeah, right.
19:46
Speaker 4: I think I would say that you don't have to
19:48
Speaker 4: make that big of a decision all at once, like
19:51
Speaker 4: a lot of.
19:51
Speaker 2: A decision to make. That's why I'm like, we thought
19:54
Speaker 2: about this.
19:54
Speaker 4: Yeah, I think I know that I'm very risk ad first,
19:57
Speaker 4: and there are certainly people out there who really push
20:00
Speaker 4: the make the change, do the big thing. Don't wait
20:03
Speaker 4: for the day.
20:04
Speaker 2: This as like instead of tea in the morning, track offe.
20:08
Speaker 4: No, but if you're craving, if you want to go somewhere,
20:11
Speaker 4: like you said, take a short trip rather than moving.
20:14
Speaker 4: If you think that you want to change careers, maybe
20:17
Speaker 4: dabble by doing something on the side or I just
20:20
Speaker 4: I don't think you have to be all in or
20:23
Speaker 4: all out, especially if it's a decision like this one
20:27
Speaker 4: that has potentially astronomical implications on your financial future, like
20:31
Speaker 4: selling a house, selling investment propers.
20:33
Speaker 2: And there's no guarantee you're going to be happy at
20:35
Speaker 2: the other end because you don't deeply.
20:36
Speaker 4: Know who, because you don't have the clarity. So I
20:38
Speaker 4: think maybe before you make a decision, as you were saying,
20:42
Speaker 4: sit down, assess what you want, do a bit of
20:44
Speaker 4: internal work. You can try things before you go. I
20:49
Speaker 4: was going to say balls deep but not very unbranded.
20:52
Speaker 2: That's okay. It goes with me saying that I hired
20:55
Speaker 2: you because I like your packages. That's true.
20:56
Speaker 4: So you know, I think try things or find ways
20:59
Speaker 4: to expect if you want to change, make a change.
21:02
Speaker 4: Like I'm not saying keep doing the same thing, but
21:04
Speaker 4: maybe just in small ways first, so that maybe you
21:07
Speaker 4: try something you're oh, actually hate that, don't want that.
21:10
Speaker 4: Imagine if I'd gone all in on that terrible So
21:13
Speaker 4: you can you know, maybe you'll find something that you
21:15
Speaker 4: didn't think that you would want that you do to
21:18
Speaker 4: make sense.
21:18
Speaker 2: No, I totally agree with that, And I think that's
21:20
Speaker 2: where I was like, oh, like, running away from your
21:23
Speaker 2: problems doesn't actually solve your problems. And while your problems
21:26
Speaker 2: might not be like you know, these big dramatic things,
21:29
Speaker 2: they don't have to be if you deeply haven't sat
21:31
Speaker 2: down and thought about like, well, who am I? What
21:33
Speaker 2: do I value about myself? What do I value about
21:35
Speaker 2: my lifestyle? Like if you've sat down and been like, look,
21:38
Speaker 2: I really value my freedom, my flexibility. I hate cold weather,
21:42
Speaker 2: I don't like this, I don't like that. I do
21:44
Speaker 2: love this, I do love that, And you go, I'm
21:47
Speaker 2: not running away, but I would live my best life
21:50
Speaker 2: if I moved to Bali. And you've got clarity on
21:53
Speaker 2: the fact that you know that's a good decision for
21:56
Speaker 2: you because you've written down why that makes sense.
21:59
Speaker 1: Go for it.
22:00
Speaker 2: I'm not going to stop you, but I do think
22:02
Speaker 2: we need to be going. Actually, let's put the brakes
22:05
Speaker 2: on this because you're like, I don't have any goals,
22:07
Speaker 2: I don't have any aspirations. I don't know what I'm doing. Like, okay, well,
22:10
Speaker 2: let's just press pause and understand who we are. You
22:13
Speaker 2: don't have to have this big laundry list of goals.
22:16
Speaker 2: And as much as I'm a goal setting girly like
22:18
Speaker 2: adore It even released an entire online course on proper
22:22
Speaker 2: goal setting right you don't have to have goals in
22:25
Speaker 2: mind to start that process and go, well, actually, what
22:28
Speaker 2: is it going to take for me to live my
22:29
Speaker 2: best life? Like what do I like?
22:31
Speaker 1: You know?
22:32
Speaker 2: And Beck and I might write these lists and they're
22:34
Speaker 2: going to be so wildly different, and that's a good thing,
22:37
Speaker 2: but it gives us clarity and well, what'spec's next step?
22:39
Speaker 2: Like she knows she wants to be in media, she
22:42
Speaker 2: knows she likes this type of lifestyle, and you know,
22:44
Speaker 2: being in this area, and you know, I'm having a baby,
22:47
Speaker 2: Like these things are so different that you just really
22:51
Speaker 2: need to step back and go Actually, as much as
22:53
Speaker 2: I feel a little bit aimless, let's just have a look.
22:57
Speaker 2: Because I can almost guarantee if I did the same
23:00
Speaker 2: to Jess and you were saying this, I'd be like,
23:01
Speaker 2: well do you like this or that? And you'd be like, oh,
23:03
Speaker 2: I don't like that, and you can start learning, Oh
23:06
Speaker 2: maybe that's not the root. This is the root. But
23:09
Speaker 2: just by jumping into one thing, it's not going to
23:11
Speaker 2: solve it. I promise it's not going to solve it.
23:13
Speaker 2: In fact, you might end up regretting it.
23:14
Speaker 4: Come back and update us in a year on what
23:16
Speaker 4: you decide.
23:16
Speaker 2: And we set your goals. Go sit down and actually
23:19
Speaker 2: write down what you enjoy about life, what you want,
23:21
Speaker 2: more of, what you want, less of, what you want
23:23
Speaker 2: to keep on doing. I think it's important totally.
23:27
Speaker 4: Can you tell us about the DM?
23:28
Speaker 1: Yeah?
23:29
Speaker 4: Please?
23:30
Speaker 2: All right, I'm ready to share with you the DM
23:32
Speaker 2: that I posted publicly on our stories earlier this week.
23:37
Speaker 5: But I've not read that.
23:38
Speaker 2: You definitely have not read already because stay away from
23:40
Speaker 2: our socials. All right, So here's the DM. Hey, ladies,
23:44
Speaker 2: I need some advice. My partner checked our joint bank
23:47
Speaker 2: account and saw my orders from the Iconic. I probably
23:50
Speaker 2: had about five different orders totally around seven hundred and
23:53
Speaker 2: fifty dollars. He's cracked it at me and hasn't spoken
23:57
Speaker 2: to me in over a day. That's real, ma true,
24:00
Speaker 2: because he's so angry, yelling at me and saying it's
24:04
Speaker 2: a waste of money and I shouldn't have put it
24:06
Speaker 2: on our card. I feel like I should be able
24:08
Speaker 2: to spend my money without getting in trouble and made
24:10
Speaker 2: it feel bad, and now I'm thinking I shouldn't have
24:13
Speaker 2: a joint account with him. If this is how he reacts,
24:16
Speaker 2: I'm not sure if I'm in the wrong or not
24:18
Speaker 2: for putting this on our card. It didn't feel like
24:20
Speaker 2: it at the time, but he's now made me feel
24:23
Speaker 2: like it was a terrible thing to do and I've
24:25
Speaker 2: betrayed his trust. What do you think?
24:30
Speaker 4: I feel like I'm gonna have a different opinion to
24:32
Speaker 4: both you. So I almost want to go last.
24:33
Speaker 2: Okay, No, I want you to go first.
24:36
Speaker 5: M okay, Okay. I need a some much more context
24:46
Speaker 5: because I want to know if that joint account is
24:49
Speaker 5: strictly for bills or rent. Oh yeah, because if you're
24:52
Speaker 5: doing that, that to me is a no no and
24:54
Speaker 5: what are you doing? It's subjectively bad, that is not
24:57
Speaker 5: what it is for. If it's just like the for
25:00
Speaker 5: like you guys put all your your pay both your
25:02
Speaker 5: pays in, then yes, spend whatever you want on whatever
25:06
Speaker 5: you want.
25:06
Speaker 2: Whatever you want.
25:07
Speaker 5: Well, I just this is why I was thinking, are
25:09
Speaker 5: you saving for something like? Is there a joint goal
25:12
Speaker 5: in mind? And you've decided to only spend x amount
25:16
Speaker 5: on your own things? I don't know, Like I know,
25:20
Speaker 5: you know, you know, but you don't know. But when
25:23
Speaker 5: you don't know what, you don't know exactly. So basically,
25:27
Speaker 5: what I'm going to say, is this If it is
25:29
Speaker 5: her own money and they haven't decided to try and
25:33
Speaker 5: save together X amount per week, she's spending her own
25:36
Speaker 5: money that she made herself.
25:38
Speaker 1: Go for it.
25:39
Speaker 5: That's absolutely your prerogative, and I don't see anything wrong here.
25:44
Speaker 5: But if it's a joint account for bills and et
25:47
Speaker 5: cetera and the like, you can't buy stuff from the
25:50
Speaker 5: iconting from that account, is my thinking. Yeah, so that's me, Jess.
25:55
Speaker 2: You have to go, you have to go now.
25:57
Speaker 5: See this.
25:58
Speaker 4: I think this is why I will never fully ever
26:00
Speaker 4: share my finances, because I'm imagining that she and her
26:04
Speaker 4: partner just have one shared bank account, perhaps that everyone's
26:07
Speaker 4: money goes into that bank account. Everything is debeted out
26:10
Speaker 4: of that bank account. I personally think if that is
26:14
Speaker 4: the case, seven hundred fifty dollars is a lot of money.
26:17
Speaker 4: I think that's a conversation that she'd been had because
26:20
Speaker 4: if my partner and I were in the same situation
26:22
Speaker 4: he spent seven hundred fift dollars on I don't know,
26:23
Speaker 4: a video game, I.
26:24
Speaker 2: Would be lack excuse me, or what the hell?
26:27
Speaker 4: I would be taken aback because in my mind, a
26:31
Speaker 4: significant purchase with shared funds is something that should be discussed.
26:35
Speaker 4: You know, what is significant is up for debate and
26:38
Speaker 4: personal to everybody. I actually think she should have said something.
26:42
Speaker 4: The way that I imagine that I would work around this,
26:45
Speaker 4: or the way that we currently manage our finances, and
26:48
Speaker 4: I don't think I ever would change, is that independent
26:50
Speaker 4: money is independent. So if you are both earning fifty
26:55
Speaker 4: thousand dollars and you put X amount into an account
26:58
Speaker 4: every week and that's your shared fund that you use
27:00
Speaker 4: for joint purchases, for date nights, for a wedding or
27:03
Speaker 4: a holiday, or your bills or whatever, those are shared funds.
27:07
Speaker 4: But I think that it's really important that people are
27:09
Speaker 4: able to spend their money however they want. But I
27:13
Speaker 4: also think that maybe to make it equal or equitable,
27:17
Speaker 4: you should have that money allocated to you. I don't know.
27:20
Speaker 4: It's like each month we both get a thousand dollars
27:22
Speaker 4: to blow on whatever we want, or five hundred dollars
27:24
Speaker 4: or whatever it is. But I just think that if
27:27
Speaker 4: it's joint money and you're making it be purchase, it's
27:29
Speaker 4: something that should have been discussed. Because obviously he was
27:32
Speaker 4: taken aback. I do not at all condone. The way
27:34
Speaker 4: that he has approached that with you, that feels I
27:36
Speaker 4: feel like that's a different story. I feel very displeased
27:40
Speaker 4: with the way that he has treated you.
27:41
Speaker 2: I feel very displeased. Yeah, I'm sorry. Are we living
27:45
Speaker 2: in nineteen ninety four? Like, is the silent treatment still
27:48
Speaker 2: something that you give?
27:49
Speaker 5: Where are your words?
27:50
Speaker 1: Sir?
27:51
Speaker 2: You are an adult.
27:52
Speaker 4: To blow up and be angry, I think is not
27:54
Speaker 4: the appropriate way to handle it. But I think it
27:56
Speaker 4: signifies that that is not something that he thought you
27:59
Speaker 4: guys would and so you're not on the same page there,
28:02
Speaker 4: so you need to get on the same page.
28:03
Speaker 2: I want to know how long they've had that joint
28:05
Speaker 2: account and.
28:05
Speaker 4: What the discussion was around what it is, because my
28:07
Speaker 4: partner and I have a shared account, but it is
28:09
Speaker 4: purely like grocery funds and like bill funds.
28:12
Speaker 2: How would you deal if James you were going through
28:15
Speaker 2: the banking sor like James had spent five hundred bucks
28:17
Speaker 2: out of your joint account.
28:19
Speaker 4: I literally would be like what is this for?
28:20
Speaker 2: Yeah, but you would question it first absolutely, being like
28:23
Speaker 2: what the hell that was a waste of money?
28:25
Speaker 1: No?
28:25
Speaker 2: Yeah, okay.
28:26
Speaker 4: It would be like if you want to buy something
28:28
Speaker 4: you buy it with your money, like instantly, I spend.
28:30
Speaker 4: You know, we've said before I earn my partner, I
28:33
Speaker 4: definitely have spent big dog. I definitely spend more discretionally
28:37
Speaker 4: than he does because I have the funds to do so.
28:39
Speaker 4: But that it's never you know, the detriment of our
28:43
Speaker 4: shared goals or of our you know, shared.
28:45
Speaker 2: Yeah, of course, because you've already put that money into
28:47
Speaker 2: savings or the investments or whatever. Yeah.
28:50
Speaker 4: So I think it really depends on what the conversation
28:53
Speaker 4: was around how those as you were saying, how those
28:54
Speaker 4: funds will be managed. Yes, but yeah, controversial, I think,
28:57
Speaker 4: because I think most people are going to be like,
28:59
Speaker 4: it's your money, girl, spender how you want.
29:02
Speaker 5: I don't think it is.
29:03
Speaker 2: Sorry, I can definitely agree that if that is the
29:07
Speaker 2: I guess those are the guidelines of the account when
29:10
Speaker 2: it was set up. Like if your partner Jess went
29:12
Speaker 2: and spent money from that account and you told me,
29:15
Speaker 2: I'd be like, well, that's actually unacceptable. Where do you
29:18
Speaker 2: get that audacity from? Like what's going on? And he
29:20
Speaker 2: might turn around and be like, oh my god, Yess.
29:22
Speaker 2: When I went to pay, I pulled out the wrong card. Sorry,
29:24
Speaker 2: and the like.
29:25
Speaker 5: It all fixes itself up, but it's all good to go.
29:27
Speaker 2: But I'm assuming you both when you got that joint account,
29:30
Speaker 2: had to chat, right, and you said, we're going to
29:33
Speaker 2: get a joint account. We're going to put X amount
29:35
Speaker 2: in it together, and it's for ABC and D right. Yeah,
29:38
Speaker 2: so that's the breadth. And I guess the boundaries of
29:40
Speaker 2: that account. Now, if we look at how I manage
29:43
Speaker 2: money in my relationship, I don't have my own money
29:47
Speaker 2: and Steve does not have his own money. Both of
29:49
Speaker 2: our incomes going to one one pool, and that's our money,
29:53
Speaker 2: and it doesn't matter if one of us earns double
29:56
Speaker 2: then the other. It's just it's our money across the board.
29:59
Speaker 2: And from that money, we pay our mortgage, we pay
30:03
Speaker 2: our bills, you know, we pay for Lucy like we
30:05
Speaker 2: actually have debit cards to the same accounts. So if
30:09
Speaker 2: we looked at this situation and it was reversed and
30:12
Speaker 2: it said, hey, Victoria spent seven hundred and fifty dollars
30:15
Speaker 2: from our joint account, well yeah, actually, because that's my
30:20
Speaker 2: only location of where I do spending from. We don't
30:23
Speaker 2: have our own money accounts where we make I guess
30:25
Speaker 2: individual purchases. We do have our own emergency funds, but
30:29
Speaker 2: neither of us touch that amount of money. But we
30:33
Speaker 2: have like a debit card that I use that connects
30:35
Speaker 2: to the same account and vice versa with Steve. However,
30:39
Speaker 2: I would never purchase something that is I would say,
30:43
Speaker 2: like above one hundred dollars that was a personal purchase
30:47
Speaker 2: without talking to my husband, and I'm not asking him
30:49
Speaker 2: for permission, Like I want to be really clear that,
30:52
Speaker 2: like I'll go buy a dress and I might not
30:54
Speaker 2: mention it, but both of us do that within reason.
30:58
Speaker 2: So if I've gone and spent like one hundred bucks
31:00
Speaker 2: on a new dress, I did, I'm wearing it right now.
31:02
Speaker 2: I bought it a Country Road. It was one hundred
31:03
Speaker 2: nineteen dollars on sale, and I was really excited about it.
31:05
Speaker 2: I didn't call my husband for permission. Yeah, I was like, well,
31:08
Speaker 2: I'm going to buy myself a new dress.
31:09
Speaker 1: That's great.
31:10
Speaker 2: I know we've got the money. I know it's in
31:12
Speaker 2: our budget for me to buy clothes and stuff. Yeah,
31:15
Speaker 2: seven hundred and fifty dollars to meet is a very
31:17
Speaker 2: different situation, Like I would be and we're not talking
31:21
Speaker 2: about permission here, but I would be very uncomfortable going
31:25
Speaker 2: and spending that amount of money without giving my husband
31:28
Speaker 2: a heads up being like, hey, there's a whole heap
31:30
Speaker 2: of stuff on sale on the Iconic, do you reckon?
31:33
Speaker 2: I can just put through a big bowl corder and
31:34
Speaker 2: it not matter. And like I'm not saying not matter,
31:37
Speaker 2: but like not matter to him. Like we have everything
31:41
Speaker 2: allocated though, so like I do my budget and cash
31:44
Speaker 2: flow system, and you know, as I have explained before,
31:47
Speaker 2: everything goes into the one account, but it's all automated.
31:50
Speaker 2: It goes to our mortgaget goes to our savings and
31:52
Speaker 2: our investments, and we have, you know, different amounts for
31:55
Speaker 2: different things. We used to have our own spending accounts,
31:58
Speaker 2: and it just got a little bit too messy because
32:01
Speaker 2: I was doing most of you know, one thing, and
32:03
Speaker 2: he was doing something else, and then it swaps and
32:06
Speaker 2: it just became honestly messy. So this is now what's
32:08
Speaker 2: currently working for us, But I am acutely aware that
32:10
Speaker 2: that does not work for a lot of other people.
32:13
Speaker 2: And I'm also speaking from i would say, a place
32:16
Speaker 2: of very very high privilege, because let's be very blunt,
32:21
Speaker 2: I'm not an average income earner. We do have a
32:24
Speaker 2: bit more disposable income, so that if I buy one
32:27
Speaker 2: hundred and twenty dollar dress, my husband's not mad at
32:30
Speaker 2: me because that was eating into the grocery bills.
32:32
Speaker 1: Yeah.
32:33
Speaker 4: I do have budget that you brought up just before,
32:35
Speaker 4: that is overlaid over generally shared account, right like that
32:39
Speaker 4: For us, it's allocated to bills and groceries. You for
32:41
Speaker 4: someone else, they might have their discretionary spending included in that.
32:45
Speaker 4: But it sounds like our listener they either have a
32:48
Speaker 4: budget allocated and her spending has gone over that and
32:51
Speaker 4: maybe that's why he's upset, or they haven't spoken about
32:54
Speaker 4: the breakdown, and so.
32:55
Speaker 2: That's what boundaries were in place. Yeah, I would take
32:58
Speaker 2: a step back and be like, all right, let's put
33:00
Speaker 2: this seven hundred and fifty dollars expense to the side,
33:03
Speaker 2: and let's have an adult conversation where we don't ignore
33:06
Speaker 2: each other. Yes, and go, Actually, what did you think
33:08
Speaker 2: the boundaries on this account?
33:10
Speaker 1: Was?
33:11
Speaker 2: Ah, they're different to what I thought they were. I
33:14
Speaker 2: thought that it was just our money and we could
33:16
Speaker 2: spend it however we want. Maybe you're in a situation
33:19
Speaker 2: where you don't actually have a very good budget at
33:21
Speaker 2: the moment, so you're not actually allocating money for rent
33:24
Speaker 2: and allocating you just have a big pool of cash
33:26
Speaker 2: and you just thought it didn't matter, when in reality
33:29
Speaker 2: your partner's freaking out because they know Regie's due next
33:31
Speaker 2: month and they're like, what are you doing taking that
33:34
Speaker 2: out of there? Like, we've got a big expense coming up.
33:37
Speaker 2: So I think for me, my budget and cash flow
33:41
Speaker 2: system works really well because we are so structured. In
33:44
Speaker 2: the background. I know I have this written, Jess. I
33:47
Speaker 2: know you're exactly the same because we budget very similarly.
33:51
Speaker 2: We literally use the same product and it's my product role.
33:55
Speaker 2: But we know what's coming up, we know what's there
33:58
Speaker 2: and what we can and can't spends, And inherently I
34:01
Speaker 2: have in the back of my head if I'm going
34:03
Speaker 2: to go spend that one twenty ondred dress, I know
34:05
Speaker 2: it's not impactful because I've actually already allocated everything.
34:08
Speaker 5: And my husband is across the same budget.
34:10
Speaker 2: We're on exactly the same Paige, So if he's spending
34:13
Speaker 2: money from our account, he knows it's okay because he's
34:16
Speaker 2: very aware of what else is being paid. But it
34:19
Speaker 2: just sounds like you are not aware of the boundaries
34:22
Speaker 2: that have been put in place for this account. You
34:24
Speaker 2: need to talk about that and often having more structure
34:28
Speaker 2: is actually going to be better. And yeah, put you
34:32
Speaker 2: in a situation where you've got more success.
34:33
Speaker 4: Yeah, because there's no right or wrong, like we do
34:36
Speaker 4: it completely different ways.
34:37
Speaker 5: Yeah, and that works.
34:38
Speaker 2: And pragmatically, we could wipe this whole conversation off the
34:41
Speaker 2: table and be like, oh, yes, how do you budget?
34:43
Speaker 2: And you go, oh, I use the sheese on the
34:44
Speaker 2: Money masterclass and I'll be like, yeah, same. Do you
34:46
Speaker 2: have joint account with your partner?
34:48
Speaker 1: Yes?
34:48
Speaker 5: Oh, me too.
34:50
Speaker 2: And you might assume that our banking systems are very
34:52
Speaker 2: similar because you just ticked two really big boxes about
34:55
Speaker 2: how we budget and then also how we view joint
34:58
Speaker 2: accounts and the reality years it couldn't be more different.
35:02
Speaker 2: We did ask the community a couple of questions.
35:04
Speaker 4: Are you ready?
35:05
Speaker 2: So we said, do you have a joint account with
35:06
Speaker 2: your partner? Sixty five percent of you said yes, which
35:10
Speaker 2: I was impressed with because I thought it would be less.
35:12
Speaker 5: Yeah, that is a lot.
35:13
Speaker 2: We said if yes, if your partner put personal expenses
35:15
Speaker 2: on the joint account without telling you, would you be angry?
35:19
Speaker 2: Twenty one percent of you said yep, definitely. Sixty seven
35:22
Speaker 2: percent said, well, it depends how much money it was,
35:25
Speaker 2: and twelve percent of you said, wouldn't care. I think
35:27
Speaker 2: it's fine to do.
35:28
Speaker 1: So.
35:29
Speaker 5: The overlay of that would.
35:30
Speaker 2: Be the boundaries of the account. Again, it's pretty sure
35:34
Speaker 2: the people saying I wouldn't care, I think that's fine,
35:37
Speaker 2: their boundary would be that that is also for personal spending. Yeah,
35:40
Speaker 2: Whereas if I say to my partner or you know,
35:43
Speaker 2: back when Steve was my boyfriend and we had a
35:46
Speaker 2: joint account together, it was literally for rent and groceries
35:49
Speaker 2: and electricity bills, pit.
35:51
Speaker 5: Spent from that, I think I would have flipped it.
35:53
Speaker 2: I would have been like, what are you doing sir? Yes,
35:56
Speaker 2: So context is everything. We then asked, is your joint
35:59
Speaker 2: account only used for shared costs such as rent bills, groceries,
36:03
Speaker 2: holidays together, et cetera. Seventy one percent said yep, it's
36:06
Speaker 2: only for shared cost and then twenty nine percent said no,
36:10
Speaker 2: we put personal costs in there as well. That is
36:12
Speaker 2: the context we need about your account. Yes, definitely. We
36:16
Speaker 2: then said, do you have some guidelines with your partner
36:18
Speaker 2: on how and what those shared accounts are used for?
36:22
Speaker 2: Seventy three percent said, yep, we set these when we
36:24
Speaker 2: got the account, which is I'm assuming not what our
36:28
Speaker 2: DM message I did. And twenty seven percent said, no,
36:32
Speaker 2: we really relaxed and just go with whatever goes on.
36:34
Speaker 2: Just turn right now, that would never go like that.
36:38
Speaker 5: Would never work for absolutely. Got absolutely like.
36:43
Speaker 2: This woman uses up bank right, and the reason she's
36:46
Speaker 2: so in love with our bank, apart from the fact
36:48
Speaker 2: that it's just a good banking system, right, she can
36:50
Speaker 2: have savers for everything? How many savers if you currently
36:53
Speaker 2: got just cook, I.
36:53
Speaker 4: Think I have like sixteen or something.
36:55
Speaker 2: Yeah, sixteen different savings accounts that she just like breaks
36:59
Speaker 2: down the truly everything. And I look at her and
37:01
Speaker 2: I'm like, I am a legit ex financial advisor, and
37:03
Speaker 2: I could never's perfectly.
37:05
Speaker 5: I mean perfectly sounds like cottious.
37:09
Speaker 4: You have a fun for everything, so I know exactly
37:11
Speaker 4: what I can spend on clothes, exactly what I can
37:13
Speaker 4: spend on beauty.
37:14
Speaker 5: I like that it just workes up.
37:16
Speaker 4: But again it's so personal, right.
37:18
Speaker 2: Like I love pain together, Like I've got like a
37:21
Speaker 2: little budget for like clothes and beauty and discretionary items.
37:24
Speaker 2: And if I spent it all on beauty. Well, I
37:26
Speaker 2: don't get any clothes, whereas just as like, no, I
37:28
Speaker 2: need balance.
37:29
Speaker 4: I separated. Yeah, I separated out even further.
37:31
Speaker 5: That's incredible.
37:32
Speaker 2: So we then went to the community and said, what
37:35
Speaker 2: is your two cents and similar reactions to us? So
37:39
Speaker 2: what is wrong with him and his reaction? Why it's
37:42
Speaker 2: so intense? I think you need to have a deep conversation.
37:46
Speaker 2: Someone else said, I think what he's more upset about
37:48
Speaker 2: here is a lack of communication. Communication is key. Someone
37:53
Speaker 2: said you both should still get discretionary spending in your
37:55
Speaker 2: own accounts, which is fair, but we're talking about a
37:58
Speaker 2: joint account. A heap of you actually DMed and said
38:02
Speaker 2: we gott to need more context here, and I'm like, sorry, Sis,
38:04
Speaker 2: we weren't provided with that context. And that's half the
38:07
Speaker 2: fun of these dms. We can assume someone else said,
38:10
Speaker 2: I'd rather him put it on the joint account than
38:12
Speaker 2: keep his spending a secret.
38:15
Speaker 4: Interesting way.
38:16
Speaker 2: Yeah, okay, and I mean that makes sense. But like
38:19
Speaker 2: in your situation, Jess, it's very clear that your money's
38:22
Speaker 2: your money and your partner's money is your partner's money,
38:25
Speaker 2: and you split it. However you've decided to split it yeah. Like,
38:29
Speaker 2: I don't know if in your situation you'd be that
38:31
Speaker 2: happy with your partner critiquing what you're spending and him
38:34
Speaker 2: being like, oh, well, you do spend more than me.
38:36
Speaker 4: That's not the point, which is why I like personally
38:39
Speaker 4: for me and my situation, I like the idea of
38:42
Speaker 4: having your own separate spending account because it does take
38:44
Speaker 4: out that need to answer to somebody. You go, yeah, okay, whatever.
38:48
Speaker 4: You know, I've worked out from my budget and you've
38:49
Speaker 4: worked out from your budget that we have to spend independently.
38:52
Speaker 4: We spend independently and you don't answer to anybody. It's
38:55
Speaker 4: kind of like we're both adults. Spend it how you want. Like,
38:58
Speaker 4: if you want to spy five hundred chocolate eggs because
39:01
Speaker 4: they're already out, you go like, girl, buy yourself some
39:04
Speaker 4: cabridery milk eggs. Can you tell what I'm thinking about
39:06
Speaker 4: doing a life?
39:08
Speaker 5: I'm loving about them.
39:10
Speaker 2: Living is so hard because complete side note. I was
39:13
Speaker 2: in the supermarket the other day with my husband and
39:16
Speaker 2: he looked at the Easter installation and he was like,
39:19
Speaker 2: didn't we have Christmas yesterday? And I said, yeah, we did,
39:22
Speaker 2: and he looked at me dead in the eyes and said,
39:24
Speaker 2: Jessel love.
39:25
Speaker 4: This, and I was like, he knows me so well.
39:28
Speaker 5: I was like, yeah, she will. But that's also really funny.
39:31
Speaker 2: It's very clear back to our DM two senses. Someone
39:35
Speaker 2: said anything over one hundred dollars being purchased has to
39:38
Speaker 2: be discussed in our house, which I think is very
39:41
Speaker 2: very fair. Someone did a whole heap of red flag
39:44
Speaker 2: emojis and said, the delivery, it's a conversation. Sorry he
39:47
Speaker 2: approached it that way, yeah, manchild.
39:49
Speaker 4: I was like, the delivery was not good.
39:52
Speaker 2: Yes, his reaction is immature, but this actually should have
39:55
Speaker 2: been a conversation before spending, irrespective of how he responded. Yeah, So, like,
40:01
Speaker 2: I know he responded incorrectly. I think we can all
40:04
Speaker 2: agree on that. Yes, but like at the end of
40:06
Speaker 2: the day, seven hundred and fifty dollars is a lot
40:08
Speaker 2: of money. That is a lot. It is like, it
40:12
Speaker 2: is a lot of money in general to have in
40:14
Speaker 2: your account. It is a lot of money to then
40:16
Speaker 2: say I spent that on the iconic Yeah, so lightly.
40:20
Speaker 2: I don't know if my husband did that or I
40:22
Speaker 2: did that. I kind of expect my husband to be like, well,
40:25
Speaker 2: what is this yeah, and ask me, because that's a
40:28
Speaker 2: bit rogue, especially without a discussion.
40:30
Speaker 5: Oh sorry, I was just trying to calculate the shot back.
40:35
Speaker 4: If it was upsized, it could be twenty percent, but
40:37
Speaker 4: sometimes it's not upsized right now, so I wouldn't have
40:40
Speaker 4: ordered anyway.
40:42
Speaker 2: Yeah.
40:43
Speaker 5: Yeah, if you've spent that when it was upsides whatever
40:45
Speaker 5: that's called. I haven't experienced it yet, yeah, so it'd
40:48
Speaker 5: be so mad.
40:49
Speaker 2: So I think the TLDR of all of this is
40:52
Speaker 2: it's time to discuss the terms and conditions of your
40:54
Speaker 2: joint account together. Set some boundaries, keep some boundaries, and
40:58
Speaker 2: understand what that actually looks like, and have an honest
41:02
Speaker 2: adult conversation about it. Because even when we do stuff
41:06
Speaker 2: like this, like if it was the right thing to
41:08
Speaker 2: do ultimately, or even if it was the wrong thing
41:11
Speaker 2: to do ultimately, these conversations around money should always be respectful,
41:16
Speaker 2: and I think that that's the only way we can
41:18
Speaker 2: move forward. So it just sounds like there's a few
41:20
Speaker 2: things going on, agreed myself. We're all done here, my love,
41:24
Speaker 2: so have the best weekend. I'm excited because money Diaries
41:28
Speaker 2: are back on Monday, so we will see you then.
41:31
Speaker 2: Until then, enjoy your weekend, My loves We love you.
41:34
Speaker 5: Bye guys Bye.
41:40
Speaker 6: The advice shared on She's on the Money is general
41:42
Speaker 6: in nature and does not consider your individual circumstances. She's
41:46
Speaker 6: on the Money exists purely for educational purposes and should
41:50
Speaker 6: not be relied upon to make an investment or financial decision.
41:53
Speaker 6: If you do choose to buy a financial product, read
41:56
Speaker 6: the PDS TMD and obtain appropriate financial advice tailored towards
42:00
Speaker 6: your needs. Victoria Divine and She's on the Money are
42:03
Speaker 6: authorized representatives of money. Sheper p T y L t
42:07
Speaker 6: D A b N three two one six four nine
42:10
Speaker 6: two seven seven zero eight a F s L four
42:13
Speaker 6: five one two eight nine