Latest / She's On The Money / Deal or No Deal This Black Friday

Transcript

Deal or No Deal This Black Friday · She's On The Money

• 0:00
  Speaker 1: Hello.
• 0:01
  Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
• 0:05
  Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we
• 0:08
  Speaker 2: get started on She's on the Money podcast, I would
• 0:11
  Speaker 2: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 2: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 2: the elders, the ancestors and the next generation coming through.
• 0:23
  Speaker 2: As this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 2: the storytelling of you to make a difference for today
• 0:31
  Speaker 2: and lasting impact for tomorrow.
• 0:33
  Speaker 1: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the Money podcast for
• 1:00
  Speaker 4: people who love a bargain. My name is Becksided and
• 1:03
  Speaker 4: as usual, I'm joined by Victoria Divine. Hello, Bet Divine Victoria.
• 1:08
  Speaker 5: I am very excited about this episode because anything I
• 1:12
  Speaker 5: love a little bargain and one of the biggest bargain
• 1:15
  Speaker 5: days ever is coming up.
• 1:18
  Speaker 1: And people have already been dming me.
• 1:19
  Speaker 5: They're like, Victoria, I don't mean to enable you, but
• 1:21
  Speaker 5: look at this list of discounts. I'm like, look, I'm
• 1:24
  Speaker 5: probably not gonna post it to my stories, but I
• 1:26
  Speaker 5: am going to do a little sneaky screenshot so I
• 1:28
  Speaker 5: can save it for myself for later. Yes, So like
• 1:31
  Speaker 5: not mad, just kind of trying not to enable the
• 1:34
  Speaker 5: rest of the community because I think so many of
• 1:37
  Speaker 5: us are a little bit like tap happy, and spending
• 1:40
  Speaker 5: is like really hard to control when there's a big sale.
• 1:43
  Speaker 1: So what are we talking about today? Beck?
• 1:45
  Speaker 4: Okay, So it's a dangerous time of year. We are
• 1:48
  Speaker 4: talking about Black Friday. We are the slippery slope. And
• 1:53
  Speaker 4: if you have even an ounce of self control, I
• 1:56
  Speaker 4: feel like you're kind of safe. But I don't, and
• 1:58
  Speaker 4: anyone like I don't.
• 1:59
  Speaker 6: I don't have any need to.
• 2:00
  Speaker 1: Do I because I got ADHD.
• 2:01
  Speaker 5: You know, there's so many people in the same boat
• 2:03
  Speaker 5: as us, But we should not have been put on
• 2:04
  Speaker 5: a podcast together, like who did this?
• 2:07
  Speaker 6: A financial potridad this?
• 2:08
  Speaker 5: I did this When picking a new co host, I
• 2:10
  Speaker 5: was like, Beck, do you want to come on the pod?
• 2:11
  Speaker 5: And You're like yes, And now we just like get
• 2:14
  Speaker 5: together and vibe off each other and I don't do
• 2:16
  Speaker 5: any work.
• 2:16
  Speaker 6: We're very bad influence.
• 2:17
  Speaker 1: Let's go shopping.
• 2:18
  Speaker 6: But we have touched on Black.
• 2:19
  Speaker 4: Friday before, and I wonder what actually is it all right?
• 2:24
  Speaker 5: So Black Friday actually originated in America, which I've just
• 2:28
  Speaker 5: come back from, and is a huge sale that is
• 2:32
  Speaker 5: post their Thanksgiving. It's held on the fourth Friday of
• 2:36
  Speaker 5: November each and every single year, and officially finishes on
• 2:39
  Speaker 5: the following Monday, which they call Cyber Monday. Nowadays, it's
• 2:43
  Speaker 5: obviously now grown beyond America and is an international event
• 2:46
  Speaker 5: that spans long past the last Friday in November. Because
• 2:50
  Speaker 5: if brands are good at anything, it is milking a
• 2:54
  Speaker 5: sale that drives revenue. It's like, if I had a
• 2:57
  Speaker 5: product based business, I'd be like, well, Black Friday every
• 3:00
  Speaker 5: day back, but you might actually start seeing sales advertised
• 3:04
  Speaker 5: at the beginning of November or even earlier than that.
• 3:07
  Speaker 5: I feel like I've been seeing all of these posts
• 3:09
  Speaker 5: and people have been sending me like Black Friday cheat
• 3:12
  Speaker 5: codes and stuff since early October, so I don't think
• 3:15
  Speaker 5: it is uncommon for them to start early. But like,
• 3:18
  Speaker 5: if again, I had a product based business, you best
• 3:21
  Speaker 5: believe I'd.
• 3:21
  Speaker 1: Be like, hey, Beck, we're having a sale. Keep an
• 3:23
  Speaker 1: eye out, you know.
• 3:24
  Speaker 6: Yes, very very cheeky and effective.
• 3:28
  Speaker 4: Yeah it is ver recent of the time, but yes,
• 3:30
  Speaker 4: it is a very hectic time of year and it
• 3:32
  Speaker 4: is coming up soon, so it can be quite overwhelming
• 3:34
  Speaker 4: for a lot of people, especially if you've been saving
• 3:37
  Speaker 4: and you feel like this urge to just spend, spend, spend,
• 3:40
  Speaker 4: especially because it's like, oh, well, it's just one time
• 3:42
  Speaker 4: of year where everything I want is on special.
• 3:45
  Speaker 6: So it may as well spend.
• 3:46
  Speaker 1: But it's probably not.
• 3:49
  Speaker 6: Maybe as smart as we it's not.
• 3:51
  Speaker 5: We can be smart, though, can It's what we do
• 3:53
  Speaker 5: in the She's on the Money community totally. We absolutely
• 3:56
  Speaker 5: need to be smart with this because even though people
• 3:59
  Speaker 5: are sending me the cheat codes and people are letting
• 4:01
  Speaker 5: me know that these sales are happening, I actually have
• 4:04
  Speaker 5: a little list in my phone of things I want
• 4:06
  Speaker 5: to purchase because it's no secret now that I'm having
• 4:08
  Speaker 5: a baby next year.
• 4:10
  Speaker 1: Yes, they're so expensive, bet I know. So I've got
• 4:13
  Speaker 1: like this.
• 4:14
  Speaker 5: List of things that I know I need to purchase.
• 4:16
  Speaker 5: But my plan is to purchase them during the Black
• 4:18
  Speaker 5: Friday sales because I've heard on the grapevine that's like
• 4:21
  Speaker 5: the best discount I can get for the products I'm
• 4:23
  Speaker 5: looking for. So, like, I think we need to have
• 4:25
  Speaker 5: a bit of a plan going into it.
• 4:27
  Speaker 4: Okay, I did want to touch on the amount that
• 4:32
  Speaker 4: we spend. I want to know, like how much you
• 4:35
  Speaker 4: think we spend on average on Black Friday? Many many, many,
• 4:38
  Speaker 4: many many dollars, so many dollar rus So.
• 4:41
  Speaker 5: NAB did some research last year and the NAB transaction
• 4:44
  Speaker 5: data from last year's Black Friday showed the following beck,
• 4:47
  Speaker 5: I've got three dot points for you. Australia spent a
• 4:51
  Speaker 5: whopping seven point.
• 4:52
  Speaker 1: One billion dollars billion.
• 4:55
  Speaker 5: Nearly one billion dollar more than was predicted by the
• 4:58
  Speaker 5: Australian Retailers Associate. NAB says the biggest spend increase happened
• 5:04
  Speaker 5: in Victoria and Tasmania up twenty percent, followed by ACT
• 5:09
  Speaker 5: and WA up seventeen and twelve percent respectively. In fact,
• 5:14
  Speaker 5: the AARA says we get twenty five percent of our
• 5:18
  Speaker 5: Christmas shopping done and dusted, oh Black Friday.
• 5:21
  Speaker 1: Which that's smart people doing smart things.
• 5:23
  Speaker 6: Yeah, that's the sounds are bad.
• 5:25
  Speaker 1: Christmas spending is expensive. Why do you think we're talking
• 5:27
  Speaker 1: about this now?
• 5:28
  Speaker 6: Huh oh smart, we're.
• 5:30
  Speaker 5: Smart, but we also want you to get your ducks
• 5:33
  Speaker 5: in a row and if you can save some money
• 5:34
  Speaker 5: going into arguably the most expensive period of the year,
• 5:38
  Speaker 5: Like I want you to have all the tips and
• 5:39
  Speaker 5: tricks and tools, so I guess you are empowered instead
• 5:43
  Speaker 5: of being disempowered during this period of time because like
• 5:45
  Speaker 5: so many of us regret spending. But if we have
• 5:48
  Speaker 5: a plan and you're spending on things that you arguably
• 5:51
  Speaker 5: had to anyway, is that not a money winback.
• 5:54
  Speaker 4: I'm just curious though, like, are these sales good or
• 5:57
  Speaker 4: is it just like the way it's marketed to us,
• 5:59
  Speaker 4: like we actually saving money? Or is it just the
• 6:02
  Speaker 4: way that like our brains work.
• 6:06
  Speaker 1: Why not? So the A Triple C. This is real
• 6:09
  Speaker 1: snaky beck.
• 6:10
  Speaker 6: Okay.
• 6:11
  Speaker 5: They say that some retailers increase prices for a short
• 6:14
  Speaker 5: period immediately before their sales periods in order to justify
• 6:19
  Speaker 5: their discount claims during the sales. Unacceptable, That's exactly. That
• 6:23
  Speaker 5: is not cool. That's why the A Triple C is
• 6:25
  Speaker 5: stepping in there. What's more is that Black Friday can
• 6:29
  Speaker 5: be very costly for the environment, which I think we
• 6:31
  Speaker 5: need to touch on as well. Yes, because according to
• 6:33
  Speaker 5: a study done by money dot co dot UK, black
• 6:37
  Speaker 5: Friday in the UK alone was expected to emit three
• 6:40
  Speaker 5: hundred and eighty six thousand, two hundred and forty three
• 6:44
  Speaker 5: tons of greenhouse gas emissions, which is the same weight
• 6:48
  Speaker 5: as three thousand, six hundred and seventy nine blue whales.
• 6:51
  Speaker 1: Oh that's a lot of whales.
• 6:53
  Speaker 6: That's a lot of whales.
• 6:56
  Speaker 5: So from my perspective, it is worth questioning what the
• 6:58
  Speaker 5: true cost of these sales because as much as we
• 7:01
  Speaker 5: can save some dollar us, especially on things we were
• 7:03
  Speaker 5: going to buy anyway, there's clearly a overspend happening, regardless
• 7:10
  Speaker 5: of whether you're kind of justifying it, Oh, it's for
• 7:12
  Speaker 5: Christmas or whatnot. Like we all know that you're not
• 7:14
  Speaker 5: just buying clothes and apparel for Christmas, you know, come
• 7:17
  Speaker 5: on to you. We can justify it so far, but like,
• 7:21
  Speaker 5: let's be reasonable too, yes, exactly.
• 7:24
  Speaker 4: Wow, are you actually making me question a lot of
• 7:26
  Speaker 4: my recent purchases, which is.
• 7:27
  Speaker 1: Probably sorry, no, it's probably good. But I think why
• 7:30
  Speaker 1: isn't your questioning the vape purchasers? Weird?
• 7:33
  Speaker 6: Oh look that's the one that I like too.
• 7:35
  Speaker 1: That's an investment, according to you, into shortening.
• 7:37
  Speaker 4: Your life anyway, move on exactly, which actually is going
• 7:40
  Speaker 4: to save money because you.
• 7:42
  Speaker 5: Know what, if you would like something to be reframed,
• 7:45
  Speaker 5: we're going to start a new segment on the show
• 7:47
  Speaker 5: called Reframed by Beck. She would take your shitty life
• 7:49
  Speaker 5: situation and make it look amazing.
• 7:51
  Speaker 4: Make it positive exactly. I think it's a really good
• 7:54
  Speaker 4: place to quickly ponder. Let's go on a quick break.
• 7:58
  Speaker 1: T you're gonna have a bait.
• 8:00
  Speaker 6: I'm gonna have a babe. We're gonna have a tea
• 8:02
  Speaker 6: god with so in sync.
• 8:03
  Speaker 1: No, we're not in sync. I'm not on that page back.
• 8:07
  Speaker 6: You're not gonna vape. That's true.
• 8:08
  Speaker 4: All right, let's have a quick break, and then once
• 8:10
  Speaker 4: we come back, we're gonna help you get the most
• 8:12
  Speaker 4: out of Black Friday deals without the regret.
• 8:15
  Speaker 1: Slagh.
• 8:20
  Speaker 4: Okay, we are back in black No, you didn't Friday.
• 8:24
  Speaker 1: Yeah I knew where that was going.
• 8:25
  Speaker 4: I just want everyone to know, everyone listening, that wasn't
• 8:27
  Speaker 4: my joke, our producer, No, do not try.
• 8:32
  Speaker 6: I would never say something so bad.
• 8:34
  Speaker 1: Yes you would.
• 8:35
  Speaker 6: I would actually.
• 8:36
  Speaker 4: But we are back, and we're talking about Black Friday,
• 8:38
  Speaker 4: and it can be very tempting to see a good
• 8:40
  Speaker 4: sale and throw cash into it immediately without thinking. So
• 8:44
  Speaker 4: how important is it to go into this period with
• 8:46
  Speaker 4: a plan.
• 8:47
  Speaker 5: I would say very important. I mean I am an
• 8:49
  Speaker 5: ex financial plan nerve. So if you ask me if
• 8:53
  Speaker 5: a plan is essential, and then I say no, it's
• 8:56
  Speaker 5: invalidating my entire career. So we're gonna go and say yes,
• 9:00
  Speaker 5: the plan is essential. But I have some stats and
• 9:02
  Speaker 5: facts to back up why I say that.
• 9:05
  Speaker 6: Let's go there.
• 9:05
  Speaker 5: So a self financial study recently showed that forty two
• 9:09
  Speaker 5: percent of people actually ended up regretting their Black Friday
• 9:12
  Speaker 5: sales purchases.
• 9:14
  Speaker 1: No surprise is there.
• 9:15
  Speaker 5: A lot of items on sale on Black Friday are
• 9:18
  Speaker 5: arguably unnecessary, unwanted, cheap goods made from poor quality, unsustainable materials,
• 9:24
  Speaker 5: and we can be duped into buying things that we
• 9:26
  Speaker 5: don't actually want because of urgency traps and fomo and
• 9:30
  Speaker 5: unethical practices from retailers. How many times on the show
• 9:33
  Speaker 5: Beck have I said put twenty four hours between you
• 9:36
  Speaker 5: and you're spending. Many times, many times no one listens.
• 9:40
  Speaker 1: That's why we're still here.
• 9:42
  Speaker 5: But I think it's really important on Black Friday, especially
• 9:44
  Speaker 5: to remember that the sale will probably still be there tomorrow,
• 9:48
  Speaker 5: and if you are making a plan to purchase, then
• 9:51
  Speaker 5: you're putting more than twenty four hours between you and
• 9:53
  Speaker 5: your spending. So like, give a little bit of context here.
• 9:57
  Speaker 5: There are a few things that I really want from
• 9:59
  Speaker 5: a and say high end retailer, but like they're middle
• 10:03
  Speaker 5: Like they're a furniture company, and I know that they
• 10:05
  Speaker 5: usually have a thirty percent off sale during Black Friday,
• 10:09
  Speaker 5: and I want to purchase from them this little bookcase
• 10:11
  Speaker 5: they have and like a chest of draws for my nursery, right,
• 10:14
  Speaker 5: so I know that's what I want to purchase, and
• 10:17
  Speaker 5: going in, I'm already planning that I know where they're
• 10:20
  Speaker 5: going to go. I'm a psycho, so I have got
• 10:23
  Speaker 5: the masking tape out and put it on the floor
• 10:25
  Speaker 5: in the nursery just to make sure that it fits.
• 10:27
  Speaker 5: But it's one of those things where I've planned this
• 10:29
  Speaker 5: purchase so I will on Black Friday make a really
• 10:32
  Speaker 5: big purchase. But I've known for weeks that that's what
• 10:35
  Speaker 5: I want to do, and I want you to be
• 10:36
  Speaker 5: in the same position totally. I don't actually want you
• 10:39
  Speaker 5: and no shade to the Iconic. I'm obsessed with the Iconic,
• 10:42
  Speaker 5: but it's like going into Kmart, I cannot walk away
• 10:45
  Speaker 5: from that app with the one thing I went there for,
• 10:48
  Speaker 5: Like I have to go on to the Iconic and
• 10:50
  Speaker 5: then I put one thing in my bag and then
• 10:52
  Speaker 5: it's like, you might like this.
• 10:53
  Speaker 1: I'm like, how did you know?
• 10:54
  Speaker 6: How?
• 10:55
  Speaker 1: I need that too?
• 10:56
  Speaker 6: You know me so well, you know me so well.
• 10:58
  Speaker 5: I love you guys, and then I end up spending
• 11:00
  Speaker 5: so much more. We need to be really cautious of
• 11:04
  Speaker 5: that happening on the platforms that we already are comfortable
• 11:07
  Speaker 5: with that are gonna have even better sales because you
• 11:10
  Speaker 5: just know the Iconic is gonna have a sleigh sale
• 11:12
  Speaker 5: right totally.
• 11:13
  Speaker 1: This isn't sponsored. I just know what's gonna happen.
• 11:15
  Speaker 6: We just know we can always right, just know.
• 11:18
  Speaker 1: So I think it's really important to understand that.
• 11:21
  Speaker 5: But in combination with all of that, Commonwealth Bank card
• 11:25
  Speaker 5: data is showing that we are actually spending individually approximately
• 11:28
  Speaker 5: five hundred dollars each on Black Friday sales. So that's
• 11:32
  Speaker 5: five hundred bucks from my perspective, straight down the drain
• 11:35
  Speaker 5: for nearly half of all of us every single year.
• 11:38
  Speaker 5: So five hundred dollars that gets wasted when the cost
• 11:40
  Speaker 5: of living crisis is so high, I think is exorbitant.
• 11:44
  Speaker 5: So will I be making a five hundred dollar purchase
• 11:46
  Speaker 5: this Black Friday?
• 11:47
  Speaker 1: Yes?
• 11:48
  Speaker 6: But the takeaway is yes, we will be spending wee.
• 11:51
  Speaker 5: No, But it's also really important to go okay, cool, Yes,
• 11:54
  Speaker 5: they collect all of this awesome data and say, oh,
• 11:57
  Speaker 5: I'm Black Friday back. We can see that people spend more.
• 11:59
  Speaker 5: Sure are those people spending more because they're like me
• 12:02
  Speaker 5: and they're priming these purchases and going, well, I'm not
• 12:05
  Speaker 5: going to buy it when I know in a couple
• 12:06
  Speaker 5: of weeks Black Friday is going to happen and I'm
• 12:08
  Speaker 5: going to get thirty percent off those goods that I
• 12:10
  Speaker 5: was going to buy anyway, in which case I'm happy
• 12:14
  Speaker 5: to be part of that number.
• 12:15
  Speaker 1: I don't mind.
• 12:16
  Speaker 5: But is it us spending five hundred dollars because it
• 12:19
  Speaker 5: was one am? I got another notification in my emails
• 12:22
  Speaker 5: when I was meant to be sleeping, but I was
• 12:23
  Speaker 5: scrolling TikTok, I clicked it, I went to the iconic
• 12:27
  Speaker 5: and went down a rabbit hole and now I have
• 12:28
  Speaker 5: a new wardrobe.
• 12:29
  Speaker 1: Is that what happened?
• 12:30
  Speaker 5: Or did I actually plan that purchase? So we need
• 12:32
  Speaker 5: to be really careful that we know the difference between
• 12:35
  Speaker 5: the two. And obviously there are some tips and tricks
• 12:38
  Speaker 5: to avoid that slippery slope.
• 12:40
  Speaker 4: Yes, absolutely great, advice fee. I'm just here trying my best,
• 12:43
  Speaker 4: you know, and your best is good enough. Sometimes my
• 12:46
  Speaker 4: best is not good enough, but today it will do. Personally,
• 12:50
  Speaker 4: I can't afford to just drop five hundred dollars or
• 12:53
  Speaker 4: some crappy sometimes not crappy.
• 12:54
  Speaker 5: Just most people can't just FYI like, it's not actually
• 12:57
  Speaker 5: normal to re I guess iterate this. I've said this
• 13:00
  Speaker 5: on the podcast before as well. The average Australian does
• 13:04
  Speaker 5: not have access to five hundred dollars in an emergency. Yes,
• 13:07
  Speaker 5: so the fact that we are then spending five hundred
• 13:10
  Speaker 5: dollars during Black Friday sales that we might not have,
• 13:13
  Speaker 5: especially when you're saying I can't afford to spend five
• 13:16
  Speaker 5: hundred bucks feet on just stuff that I didn't need,
• 13:19
  Speaker 5: well that makes sense because most Australians don't have access
• 13:23
  Speaker 5: to five hundred dollars in an emergency if they're like
• 13:25
  Speaker 5: car tires blue or something, so I just in a
• 13:28
  Speaker 5: cost of living crisis. It just blows my mind how
• 13:30
  Speaker 5: much we are spending. At the same time as being like, oh,
• 13:33
  Speaker 5: I kind of get it if you're like me and
• 13:35
  Speaker 5: you're planning your purchases, but that's why we need to
• 13:38
  Speaker 5: talk about it. Yeah, like it's not all bad. As
• 13:41
  Speaker 5: I said earlier, some of us are actually, like, you know,
• 13:43
  Speaker 5: knocking off what twenty five percent of our Christmas shopping
• 13:45
  Speaker 5: during this period. And that's to me quite smart because
• 13:49
  Speaker 5: you were going to spend that anyway.
• 13:50
  Speaker 6: Yes, So okay, how do we plan this? What does
• 13:53
  Speaker 6: that look like?
• 13:54
  Speaker 1: Okay?
• 13:54
  Speaker 5: So I have written down a list. I have like
• 13:57
  Speaker 5: maybe seven or eight dot points. As you guys know,
• 13:59
  Speaker 5: I love a dot point because we can be efficient
• 14:01
  Speaker 5: and quick and get the information in your ear.
• 14:03
  Speaker 1: Holes as soon as possible.
• 14:05
  Speaker 5: So first things first, I've written down make a list
• 14:07
  Speaker 5: of items that you want to purchase. If you're like me,
• 14:10
  Speaker 5: you have an album on your phone where you have
• 14:12
  Speaker 5: screenshop people's tiktoks of stuff that you want, Yes, play great.
• 14:16
  Speaker 5: Is there something you've been saving up for and you
• 14:18
  Speaker 5: can actually get for a cheaper price during this period
• 14:20
  Speaker 5: of time? Do you actually have a list of presents
• 14:23
  Speaker 5: that you want to buy and get during this time?
• 14:25
  Speaker 5: If you say no, but you do Christmas shopping, now
• 14:27
  Speaker 5: is the time to do a Christmas buying list. There's
• 14:30
  Speaker 5: a free Christmas shopping list on our website if you
• 14:32
  Speaker 5: want to go download it where it says, put down
• 14:34
  Speaker 5: all of your friends and family names, how much is
• 14:36
  Speaker 5: your budget, what are you purchasing for them?
• 14:38
  Speaker 1: How could that work?
• 14:39
  Speaker 5: And I think that that can really help you go wow, like, oh,
• 14:42
  Speaker 5: I allocated fifty bucks to each person, because in your
• 14:44
  Speaker 5: head that's not that much. And then when you see
• 14:47
  Speaker 5: it compounded and the list of names down the side
• 14:49
  Speaker 5: of the page and you go, that's now one thousand
• 14:51
  Speaker 5: dollars on Christmas, you might go back to the drawing
• 14:53
  Speaker 5: board and be like, do you know what We're going
• 14:54
  Speaker 5: to do some DIY. We're going to make Christmas cards
• 14:57
  Speaker 5: this year. And I think that that's really important because
• 15:00
  Speaker 5: it's November, right, Like, we want to be getting ahead
• 15:03
  Speaker 5: of the game. And you know, Jess and I you
• 15:06
  Speaker 5: guys know, Jess, we have some crafty little DIY Christmas
• 15:09
  Speaker 5: presents that you can make this year that I am
• 15:11
  Speaker 5: making this year that I think will work really well.
• 15:14
  Speaker 5: But I think we need to just be a little
• 15:16
  Speaker 5: bit more planned. Right again, we're in the middle of
• 15:18
  Speaker 5: a cost of living crisis. We should be caring about
• 15:21
  Speaker 5: what we're spending because at the end of the day,
• 15:23
  Speaker 5: every single dollar counts. The next we're going to do
• 15:26
  Speaker 5: our research. As I said before, they can be fake
• 15:29
  Speaker 5: price drops. So if there is an item that you
• 15:31
  Speaker 5: have in mind, start doing your research now and what
• 15:33
  Speaker 5: it's going to cost and what kind of deal you
• 15:35
  Speaker 5: could potentially get. This is my favorite. I'm going to
• 15:38
  Speaker 5: recommend a product, but it's like not sponsored. Sure, I
• 15:42
  Speaker 5: feel like on the podcast we recommend a lot of stuff.
• 15:45
  Speaker 5: None of it's sponsored unless I tell you it is.
• 15:47
  Speaker 5: My friends, I just like sharing. The next year is
• 15:50
  Speaker 5: we're going to unsubscribe from our emails. I'm really sorry.
• 15:53
  Speaker 5: As I said to you before, Iconic, I am deeply
• 15:55
  Speaker 5: in love with you, but I need you to stop
• 15:58
  Speaker 5: emailing me.
• 16:00
  Speaker 1: I really do.
• 16:01
  Speaker 5: It's not working because I will click the email, I
• 16:03
  Speaker 5: will go through. I do need to see what is
• 16:05
  Speaker 5: now on sale. They're too good, I do, right, I know.
• 16:08
  Speaker 5: But the company that I want to recommend is actually
• 16:11
  Speaker 5: just a website.
• 16:12
  Speaker 1: It's called unrolled dot me.
• 16:14
  Speaker 5: Oh, and it is a website for decluttering your inbox
• 16:18
  Speaker 5: and it's so so easy. Basically, you can unsubscribe from
• 16:21
  Speaker 5: unwanted emails and keep the ones that you do want.
• 16:24
  Speaker 5: It's an app right that you like install, connect to
• 16:28
  Speaker 5: your emails and then it goes through and you just
• 16:30
  Speaker 5: tick boxes and it unsubscribes for you, so you don't
• 16:32
  Speaker 5: have to do it individually, like does.
• 16:34
  Speaker 1: It on a bulk?
• 16:35
  Speaker 6: So convenient.
• 16:36
  Speaker 5: It kind of like goes, hey, here are all the
• 16:38
  Speaker 5: marketing emails that we've identified. Do you want us to
• 16:40
  Speaker 5: unsubscribe from all of them? And then you untick the
• 16:42
  Speaker 5: ones you want to keep and then unsubscribe from the rest.
• 16:45
  Speaker 6: That is so convenient, kay right? I love that.
• 16:47
  Speaker 5: The next is consider quality purchases only, so making sure
• 16:52
  Speaker 5: that if you're gonna buy something is actually gonna last
• 16:54
  Speaker 5: back or is it just a cute top that you're
• 16:56
  Speaker 5: going to get one way out of and then it's going.
• 16:57
  Speaker 1: To fall apart? Right, not a sleigh?
• 16:59
  Speaker 5: No, ask yourself would you actually pay full price for this?
• 17:03
  Speaker 5: If the answer is no, I want you to rethink
• 17:06
  Speaker 5: your purchase before actually completing it, because if you wouldn't
• 17:09
  Speaker 5: pay full price, why are you buying in the first place.
• 17:11
  Speaker 6: That's a very good point, like if I.
• 17:13
  Speaker 5: Wouldn't spend the entire amount, I clearly don't like it
• 17:17
  Speaker 5: that much.
• 17:18
  Speaker 6: Yeah, you don't need it, you don't really want it? No, Yeah,
• 17:20
  Speaker 6: it's a really good point.
• 17:21
  Speaker 5: Again, put twenty four hours between you and your spending.
• 17:24
  Speaker 5: I couldn't say that enough. For people who are a
• 17:27
  Speaker 5: little bit impulsive, this really helps. Even if the sale
• 17:31
  Speaker 5: says it's sending in six hours, most of the time
• 17:33
  Speaker 5: they end up getting extended because do you know what
• 17:36
  Speaker 5: retailer is like.
• 17:37
  Speaker 1: Money coming in the doorback. Yes, so they're gonna be like, oh,
• 17:40
  Speaker 1: we've just extended this sale. What a surprise. We just
• 17:43
  Speaker 1: thought of this idea right now.
• 17:44
  Speaker 6: No one saw it coming, not even saw it.
• 17:46
  Speaker 5: Coming, not even us or our marketing strategy that we
• 17:48
  Speaker 5: put together twelve months ago for this, like they absolutely
• 17:51
  Speaker 5: knew what they were doing. Then check the quality of
• 17:54
  Speaker 5: like components and tech items. Often retailers will actually sell
• 17:58
  Speaker 5: similar models at a lower but minus the features and
• 18:01
  Speaker 5: the high quality components. So like, if you're buying a TV,
• 18:05
  Speaker 5: it might be Led versus the O LED, And if
• 18:08
  Speaker 5: you know anything about TVs, you know one of those
• 18:09
  Speaker 5: is better than the other.
• 18:10
  Speaker 1: And I can't remember which is which.
• 18:12
  Speaker 5: You would have to ask my husband. But that is
• 18:14
  Speaker 5: a rant that he has been on before.
• 18:15
  Speaker 6: I see, Yeah, he's ready.
• 18:17
  Speaker 1: Yeah, that's a Steve tip. You welcome.
• 18:19
  Speaker 5: And the next this is going to be absolutely no
• 18:22
  Speaker 5: surprise to anybody.
• 18:24
  Speaker 1: Don't use after pay, don't like it's terrible idea.
• 18:27
  Speaker 6: That's right, it's terrible idea because it is.
• 18:29
  Speaker 5: A slippery slope. It is a slippery slope. And only
• 18:33
  Speaker 5: use after pay if you're like cash flowing it and
• 18:36
  Speaker 5: the money's already in your account and it's a fully
• 18:39
  Speaker 5: like planned out plan and it makes sense. But too
• 18:43
  Speaker 5: many people in our community have gone down that slippery slope,
• 18:46
  Speaker 5: found themselves in debt, and that has impacted them far
• 18:49
  Speaker 5: more than just getting a new pair of kicks.
• 18:51
  Speaker 6: Totally right. V.
• 18:53
  Speaker 4: Also, it feels so good when you make a one
• 18:54
  Speaker 4: off purchase. There is always like buyer's remorse if you
• 18:57
  Speaker 4: make a big purchase, but feels so much better knowing
• 19:00
  Speaker 4: that's done and dusted. I don't have to keep paying
• 19:01
  Speaker 4: for this thing over and over and over again.
• 19:03
  Speaker 6: That's it.
• 19:04
  Speaker 4: I think you've helped me save five hundred dollars.
• 19:07
  Speaker 1: Have I I think show where.
• 19:08
  Speaker 4: It is personally like Friday, it brings maybe like a
• 19:11
  Speaker 4: little bit of anxiety because I know myself. I know
• 19:13
  Speaker 4: I don't have any self regulation. That's what got me
• 19:15
  Speaker 4: into it in the first place. So it's good to
• 19:17
  Speaker 4: know it's a time of year where I know that,
• 19:19
  Speaker 4: like I'm going to have to avoid going out. But
• 19:22
  Speaker 4: it's also a bit exciting because, as you say, like,
• 19:24
  Speaker 4: if you do have a plan, if you make plan,
• 19:25
  Speaker 4: Ustmas is coming up, Like all of these things, there
• 19:27
  Speaker 4: are so many benefits to it. But for me, it's
• 19:30
  Speaker 4: just a little bit scary because I don't trust myself.
• 19:32
  Speaker 4: I would say, that's fair. How do you feel around
• 19:34
  Speaker 4: this time if.
• 19:34
  Speaker 5: I'm the same, Like at the end of the day,
• 19:36
  Speaker 5: I have shared with you guys that I am relatively
• 19:40
  Speaker 5: impulsive when it comes to purchases. It's why I don't
• 19:43
  Speaker 5: use platforms like I have to pay and you know
• 19:45
  Speaker 5: by now pay later platforms in general, because I just
• 19:48
  Speaker 5: know it wouldn't work for me. I have had a
• 19:50
  Speaker 5: credit card before, and I have abused a credit card before,
• 19:52
  Speaker 5: and I know I can't trust myself with one again.
• 19:55
  Speaker 1: Yes, like it just makes sense.
• 19:56
  Speaker 5: So I kind of look at it and go, well,
• 19:58
  Speaker 5: I know myself enough to know that this is not
• 20:01
  Speaker 5: a good time of year.
• 20:02
  Speaker 1: Flip it over.
• 20:03
  Speaker 5: I think I've told you historically about my best friend
• 20:05
  Speaker 5: who like uses after pay, but she's like a genius
• 20:08
  Speaker 5: at it, right, She'll go onto the iconic. She'll use
• 20:11
  Speaker 5: after pay to order a heap of dresses so she
• 20:12
  Speaker 5: can try them on. She keeps the one she wants
• 20:14
  Speaker 5: and she sends the rest back and all of that
• 20:16
  Speaker 5: money didn't come out of her account, Like she's actually
• 20:19
  Speaker 5: a genius.
• 20:20
  Speaker 1: If I get a bit package of dresses, Beck, yeah,
• 20:22
  Speaker 1: they don't fit.
• 20:23
  Speaker 5: You know what happens. They get thrown in the corner
• 20:25
  Speaker 5: of my room until the returns period of time has expired,
• 20:28
  Speaker 5: and then I'm like, oh yeah, whoops. Yeah, but she's
• 20:32
  Speaker 5: just better at everything than I am. So if that
• 20:35
  Speaker 5: is you and you are a step of the world,
• 20:38
  Speaker 5: then go ahead use it that way that works for you.
• 20:41
  Speaker 5: But unfortunately that's not the reality of most of our community.
• 20:45
  Speaker 5: And I want to make sure that you know you
• 20:47
  Speaker 5: feel heard and you feel like you're not alone in
• 20:50
  Speaker 5: this because Beck, you're in the same position. You're like, oh,
• 20:53
  Speaker 5: I can't trust myself during this period of time. All right, Well,
• 20:56
  Speaker 5: let's not trust each other together.
• 20:57
  Speaker 1: What's a plan?
• 20:58
  Speaker 6: Yes, so true, And it's.
• 21:00
  Speaker 5: Going to be so much easier if I'm like, you
• 21:01
  Speaker 5: didn't buy anything, did you? And you go no, wan
• 21:03
  Speaker 5: to go Sleigh, Let's get coffee do you know what
• 21:05
  Speaker 5: I mean? We can actually support each other during this
• 21:08
  Speaker 5: period of time, but we can also use it to
• 21:10
  Speaker 5: our advantage if we have a plan. So if you
• 21:13
  Speaker 5: have some purchases that you need to make, if there
• 21:15
  Speaker 5: are things that are on your wish list or your
• 21:17
  Speaker 5: Christmas list or literally any list that you've got, will
• 21:20
  Speaker 5: maybe sit down now and be like, all right, I'm
• 21:22
  Speaker 5: just going to write out what I need, when I
• 21:24
  Speaker 5: might need it, by what that actually looks like. Because
• 21:27
  Speaker 5: if you can save thirty percent, that's a money win.
• 21:29
  Speaker 5: But it's not a money whin if you didn't need
• 21:31
  Speaker 5: to purchase it in the first place.
• 21:32
  Speaker 4: Exactly, you know, ev a penny saved is a penny earned.
• 21:36
  Speaker 4: So if you spend no money at all, I feel
• 21:38
  Speaker 4: like you've made that money.
• 21:39
  Speaker 1: I don't even need to be here anymore. You've got this.
• 21:41
  Speaker 5: All right, let's go, because I'm now salty that you're
• 21:44
  Speaker 5: smarter at money than I am.
• 21:46
  Speaker 6: Fair Enough, you should be a little bit scared.
• 21:47
  Speaker 1: I am terrified if that's the reality. But we will
• 21:50
  Speaker 1: see you guys on Friday. Have a beautiful week. Byes bye.
• 22:00
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• 22:02
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• 22:06
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• 22:10
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