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Home Sweet (Affordable) Home · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 2: Hello, and welcome to She's on the Money the podcast
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Speaker 2: Millennials who want financial freedom. Today, my friends, it's no
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Speaker 2: surprise it is Friday again, which means it is time
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Speaker 2: to get my little team together and celebrate you our
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Speaker 2: incredible She's on the Money community today. Miss just gotta
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Speaker 2: each sheet. You've got a few money wins to share,
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Speaker 2: which you're a bit excited about. Beck has some very
1:18
Speaker 2: good broke tips and I have an addition to the
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Speaker 2: broke tips which Beck saw me in the hallway earlier
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Speaker 2: because we started recording and she said, that's a broke
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Speaker 2: tip for the show, and I said, let's do it,
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Speaker 2: no worries. We're going to be helping answer a money dilemma,
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Speaker 2: which this week is all about buying your first home
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Speaker 2: and whether it should be a home for your future
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Speaker 2: or one for your current situation, which I think is
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Speaker 2: really good to discuss. That's a good question.
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Speaker 4: Oh, he's a good question.
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Speaker 2: I think it's going to be good. And then we're
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Speaker 2: going to be unpacking something that you slid into our
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Speaker 2: DMS about this week, we're talking about a partner who
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Speaker 2: lies about his finances. I love when they're really juicy live.
1:54
Speaker 2: Is that bad that I'm literally here for the drummer?
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Speaker 4: No, I think we all are to some extent.
2:00
Speaker 2: My favorite thing about like, I don't love like gossip.
2:02
Speaker 2: I don't like celebrity gossip. I don't particularly care for it.
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Speaker 2: You know what I love anonymous gossip. Did you hear
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Speaker 2: that one person's boyfriend one time lied about ea swinances
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Speaker 2: tell me, yeah, we just want the tea. Like I'm
2:15
Speaker 2: here for the gossip. But like anonymous gossip is fine,
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Speaker 2: Like I feel like that's that's kosher, you.
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Speaker 5: Know, totally weird it's not weird, but you know then
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Speaker 5: that's good of you. I like every bit of gossip anywhere, anytime.
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Speaker 2: I just don't want to know stuff about people. I
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Speaker 2: know that's awkward.
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Speaker 4: Oh that's better my book, but.
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Speaker 2: I just want it to be completely anonymous, Like slide
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Speaker 2: into my dms, tell me about your cheating partner that
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Speaker 2: happened five years ago. And I can't determine who it
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Speaker 2: was or where it was, sure, but I want the
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Speaker 2: juicy goss, you know.
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Speaker 4: Yeah, I like that.
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Speaker 2: It's like reading Reddit threads, like I don't know you,
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Speaker 2: but I live vicariously through you. Yes, Like I don't
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Speaker 2: want any drama in my life, but I want you
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Speaker 2: to have drama so I can read it. That's terrible
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Speaker 2: of me. Anyway, Let's move on. I want to know
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Speaker 2: how have your weeks been, Miss jesse garci H. It's
3:00
Speaker 2: been good.
3:01
Speaker 6: It's been Christmas week in our house. I've been decorating,
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Speaker 6: loving my lind Or. It's November and somebody who replied
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Speaker 6: to what to buy tiktoks and said, bitch, it's November,
3:10
Speaker 6: and I was like, did I stutter? Halloween's done? That
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Speaker 6: means it's officially Christmas exactly exactly.
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Speaker 2: I stutter.
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Speaker 4: I love this version of you.
3:21
Speaker 2: I like the SaaS. I appreciate it. I went Pottery
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Speaker 2: Bun on the weekend because Jess, what's at pottery Bun
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Speaker 2: gingerbread mugs and also gingerbread men and women shaped cushions,
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Speaker 2: and so I bought obviously all of the above course,
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Speaker 2: and I was talking to the girl at checkout and
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Speaker 2: I was like, ha ha haa so early, like I'm
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Speaker 2: buying this in November. I can't believe it. And she
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Speaker 2: was like, oh, this is actually our second drop of
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Speaker 2: Christmas stark, and we've nearly sold out, like I got
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Speaker 2: I think there were four maybe cushions left, and I
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Speaker 2: bought two of them, and she's like, we're not getting
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Speaker 2: any more. So she's like, I think it's fair to
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Speaker 2: say that Christmas is now officially starting in November, and
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Speaker 2: I said she didn't know who this was. I was like, oh,
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Speaker 2: Jess is gonna love this, and she was like, yeah, cool,
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Speaker 2: stud total comes to you. That's really good. How's your
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Speaker 2: week being back?
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Speaker 5: Really really chill nice. The weather's been kind of lovely,
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Speaker 5: not like every day of the week, but I would
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Speaker 5: say if it's more than fifty percent lovely.
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Speaker 4: It's a good week.
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Speaker 6: Classic Melbourne.
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Speaker 5: Hey, classic Melbourne. Yeah, I'm just just my buckets are full,
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Speaker 5: you know. I've been seeing people and going out and
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Speaker 5: sometimes going to the gym and just yeah, just overall,
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Speaker 5: really really nice week.
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Speaker 2: Just live in your best life.
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Speaker 4: Yeah, live in my best What about you? I like it?
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Speaker 2: Nothing too interesting, just being pregnant. Really, I feel like
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Speaker 2: I've now gotten to that stage where I am, what
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Speaker 2: twenty five ish weeks pregnant now, and I just feel
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Speaker 2: like everything's a little bit harder, everything's a little bit
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Speaker 2: more sluggish. I definitely have less lung capacity. I always
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Speaker 2: used to be like, I'm gonna be one of those
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Speaker 2: fit pregnant women you are. I haven't been to pilates
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Speaker 2: once since since getting pregnant.
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Speaker 6: Okay, I have seen you power walk through the airport,
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Speaker 6: and as a non pregnant person.
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Speaker 2: I struggled to keep up going For me, and you
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Speaker 2: know what, like the only flex I have, and this
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Speaker 2: will come up in our broke Tips is I'm still
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Speaker 2: wearing the jeans that I was wearing pre pregnancy. But
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Speaker 2: also like it just makes me feel a little bit
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Speaker 2: better about myself. So this morning I popped on my
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Speaker 2: jeans and I was like, life's not that bad. Like
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Speaker 2: I might feel a bit roly poly, but if I
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Speaker 2: can fit in these, I'm doing a right.
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Speaker 5: It's not too bad, not too bad, And that is
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Speaker 5: we'll get to why that's the funniest thing personally I've
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Speaker 5: ever heard, because it was really funny.
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Speaker 4: It takes for you to fit into those jeans now.
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Speaker 2: And so I'm some ninja stuff, some ninja stuff, But
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Speaker 2: let's jump into money wins and confessions. This week. There
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Speaker 2: has been some really fun money wins in our community.
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Speaker 2: I've again been in the messages before Jess could get
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Speaker 2: to them to round up her favorites. But Jess, I
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Speaker 2: want to know what have you singled out to share
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Speaker 2: on the pod this week.
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Speaker 6: My first money in this week comes from Holly, who
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Speaker 6: said I finally faced my demons aka the incredibly lovely
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Speaker 6: gym staff and went to cancel my membership. Oh that's scary,
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Speaker 6: and then I bought a season ticket for the pool.
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Speaker 6: It's so much cheaper than the gym, even when I
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Speaker 6: look at the you know, with the weekly monthly breakdown,
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Speaker 6: and I love swimming so much more so it's definitely
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Speaker 6: going to be worth it for me. I've already been
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Speaker 6: swimming two days in a row. Money win, mental health win,
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Speaker 6: and happiness win.
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Speaker 2: That's actually really cute, too, really sweet.
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Speaker 6: It made me think of the time that you made
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Speaker 6: me call your gym to cancel because you were too scared.
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Speaker 2: I just don't tell the entire world that I did that.
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Speaker 1: But I.
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Speaker 2: Don't know why.
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Speaker 4: Don't blame you.
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Speaker 2: It is scared every time I letting them down.
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Speaker 5: Yeah, it's like, hey, I'm never going to go to
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Speaker 5: the gym ever again, so can I please cancel this.
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Speaker 4: It's like a bit of a.
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Speaker 2: I couldn't do it, and then Jest did it, and
6:45
Speaker 2: then it was a bit awkward because then the girl
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Speaker 2: was like, oh, you don't sound like Victoria's. I was like,
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Speaker 2: of course she's on the money list. Now this is
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Speaker 2: so awkward. Anyway, hilarious. It all came out in the
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Speaker 2: wash that it was actually just canceling.
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Speaker 4: She didn't know before, she will know now absolutely, Jim, Bye, What.
7:04
Speaker 2: Else have you got for us?
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Speaker 6: Jess? Next, I've got to win from Mahalia who said
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Speaker 6: I needed to finish an entire house and my budget
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Speaker 6: was tiny. I huntred our marketplace all weekend, I did
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Speaker 6: some driving and I got two beds, two mattresses, a
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Speaker 6: washing machine, and a fridge for three hundred bucks, all
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Speaker 6: in great condition. Love marketplace.
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Speaker 2: Excuse me, that's genius.
7:25
Speaker 6: That is very impressive.
7:27
Speaker 2: That's very very cool.
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Speaker 6: This next one I have comes from a Leasha, and
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Speaker 6: I feel like it's very timely given I just paid
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Speaker 6: two dollars twenty for petrol, she said. I used the
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Speaker 6: seven eleven app to lock in the cheapest fuel price
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Speaker 6: for half a tank of fuel. It would have cost
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Speaker 6: me a little over one hundred bucks, but it ended
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Speaker 6: up being just over eighty instead.
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Speaker 4: Oh cool.
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Speaker 2: You know people have started sending me screenshots of their
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Speaker 2: seven to eleven lock and sat app and they're like,
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Speaker 2: saved seventeen dollars this week because of you, saved twenty
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Speaker 2: eight dollars. And I'm like, that's actually a lot of money.
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Speaker 6: Well, imagine every time you fill up your car, if
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Speaker 6: you say fifteen to twenty bucks, that's a lot over
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Speaker 6: the course of like a couple of months.
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Speaker 2: She's seven eleven. Well, I do have really good donuts,
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Speaker 2: you do really good slurpees, and you also save us
8:08
Speaker 2: money on fuel coming the van.
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Speaker 6: I have another car Win. From Carla, who says, I'm
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Speaker 6: about to pay off my car loan two years ahead
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Speaker 6: of schedule.
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Speaker 2: Two right now, right now, right now.
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Speaker 6: Money loss, but a money win in terms of interest
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Speaker 6: saved and being able to refinance next year. Unfortunately it's
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Speaker 6: a necessity because I don't live anywhere with public transport
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Speaker 6: or accessibility. I'm paying it off after just four months
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Speaker 6: of aggressive saving and working hard.
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Speaker 4: Oh, this is incredible.
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Speaker 7: That is incredible.
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Speaker 2: Hi, Carla, if you'd like to come on the shelves
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Speaker 2: and money Darrist, we actually need to know how you
8:40
Speaker 2: did that.
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Speaker 5: Thank you.
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Speaker 6: Crazy but loved it. She took a loan and she
8:43
Speaker 6: was just like, I can do faster. I love that
8:45
Speaker 6: and she did cool. What a genius I know. And
8:48
Speaker 6: I have one more that I feel like a lot
8:49
Speaker 6: of people really enjoy it. From our friend Shannon, who said,
8:53
Speaker 6: I discovered Spotify includes audio books, so I'm going to
8:56
Speaker 6: cancel my Audible subscription. I new Spotify instead.
9:00
Speaker 2: Hundreds of thousands of books that you can listen to
9:03
Speaker 2: for free. Like not for free, you have to have
9:05
Speaker 2: the subscription. But I feel like these days most people
9:07
Speaker 2: are paying for Spotify.
9:08
Speaker 6: Yeah, I agree.
9:09
Speaker 2: Through Spotify they're just included.
9:11
Speaker 6: Ah and if you are happening to listen on your
9:14
Speaker 6: Spotify app to and you'll give a recommendation of a book,
9:18
Speaker 6: May I suggest three Beautiful pastor Colory Ones, Oh, She's
9:22
Speaker 6: on the Money, Property with She's on the Money, and
9:25
Speaker 6: investing with She's on the Money.
9:26
Speaker 7: I Love.
9:26
Speaker 2: They're all available through Spotify.
9:28
Speaker 6: All available through Spotify, all narrated by our very own
9:31
Speaker 6: VD I did that.
9:32
Speaker 2: I did that?
9:33
Speaker 6: You sure did that.
9:34
Speaker 4: Is really cool? How long did that take you?
9:36
Speaker 1: Oh?
9:36
Speaker 2: Honestly weeks. It's actually crazy narrating a book because they
9:40
Speaker 2: make you read it out and it's nothing like podcasting.
9:43
Speaker 2: So I went in blindly. I was like, I'm gonna
9:45
Speaker 2: be so good at this. I'm fine in front of
9:47
Speaker 2: a microphone these days. Obviously that took training. However, it
9:51
Speaker 2: is nothing like sitting in front of the podcasting mic
9:55
Speaker 2: because if you mess up while you're saying a sentence,
9:58
Speaker 2: they're like, oh, yep, could you just take that from
9:59
Speaker 2: the top. You have to take it from the top.
10:01
Speaker 2: And if you're reading your book and you like have
10:04
Speaker 2: an intonation that, they're like, oh, you were meant to
10:07
Speaker 2: say a instead of that, Like okay, no worries like
10:09
Speaker 2: does it really matter? Yeah, it really matters. They make
10:11
Speaker 2: her go back and do it again. And then sometimes
10:15
Speaker 2: when you're reading your own book, you're like, why did
10:17
Speaker 2: I say that? Yeah? That was stupid. I've got a
10:20
Speaker 2: better example, like why didn't I put this? And it's
10:23
Speaker 2: kind of it's like when you finally read out your
10:25
Speaker 2: work aloud, Like I cannot tell you how many times
10:27
Speaker 2: I have read my own books, just like fact checking
10:30
Speaker 2: and proofreading, and my publisher has gone through it, and unfortunately,
10:33
Speaker 2: poor Jessicricci has had to go through them so many
10:36
Speaker 2: times because I'm like, can you just check? Like I
10:38
Speaker 2: just I'm so anxious about these things, right, So the
10:41
Speaker 2: entire team has gone through it. It comes out the
10:43
Speaker 2: other side, we're like, amazing, manuscripts done dust, It go
10:46
Speaker 2: into recording, and I'm like, this is the worst book
10:49
Speaker 2: I've ever read, so bad.
10:52
Speaker 6: But they got the money in for someone who's been
10:54
Speaker 6: wunning even the new books on there, probably sharing the money.
10:58
Speaker 4: That's three books. Yeah, that's true.
11:00
Speaker 2: That technical, I mean technically incorrect, But like I have
11:03
Speaker 2: a Spotify membership, I could get my own book for free,
11:07
Speaker 2: may as well. I can learn so much all right,
11:10
Speaker 2: let's move in, because that's a pretty good broke tip. Actually,
11:13
Speaker 2: free books.
11:13
Speaker 4: Is a good broke tip.
11:14
Speaker 2: But what have you got to bring to the table
11:16
Speaker 2: this week?
11:17
Speaker 7: Beck?
11:17
Speaker 2: Okay?
11:18
Speaker 5: So as Per, I have two community tips and one
11:20
Speaker 5: of my own. Start off with one from Bronnie, who says, Hi, Beck,
11:24
Speaker 5: I've got a brog tip for the podcast. So cutting
11:27
Speaker 5: the top off of delivery boxes so you can use
11:30
Speaker 5: them as storage cubes. She's recently moved house and wanted
11:33
Speaker 5: to buy little storage cubes of my Kia, but have
11:35
Speaker 5: found that using boxes of their mail deliveries works just
11:38
Speaker 5: as well to store little nick knacks and bathroom items,
11:41
Speaker 5: et cetera.
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Speaker 2: So smart, it makes you feel so much more organized.
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Speaker 4: Yes, yes, I'm genuinely actually going to do this.
11:48
Speaker 2: It's a pippy bit on boxes annoy me. So if
11:51
Speaker 2: you're telling me just cut them off, cut them off
11:53
Speaker 2: and now the box has another use.
11:55
Speaker 5: And then when it comes to moving, if you move again,
11:58
Speaker 5: I would go and like, go to buttings whatever, try
12:00
Speaker 5: and buy or office works. You can buy those boxes.
12:02
Speaker 5: You don't have to do that because you've got these
12:04
Speaker 5: boxes here. I know they don't have tops anymore.
12:06
Speaker 4: We can about it.
12:07
Speaker 2: We don't need it. We just need something to transport
12:10
Speaker 2: our stuff.
12:11
Speaker 4: Yeah, we just need vessels.
12:12
Speaker 2: That's very reduced reuse. Recycle.
12:14
Speaker 4: I love I love it. Recycle.
12:17
Speaker 2: What else have you got?
12:18
Speaker 5: The next one comes from Debbie, who says that throughout
12:20
Speaker 5: the year, this is kind of similar to what our
12:22
Speaker 5: producer indeed in the family does as well. So she
12:26
Speaker 5: tries to stock up on like you know, like let's
12:28
Speaker 5: say you go to all Ways and the Rafaelo's or
12:31
Speaker 5: the parro Shares like on special, just like buy like
12:34
Speaker 5: chocolate boxes boxes of chocolates, like throughout the year when
12:36
Speaker 5: they're on special. So end of year when it comes
12:38
Speaker 5: to Christmas time and you're like, you've got to buy
12:41
Speaker 5: like little things for I don't know, colleagues and.
12:43
Speaker 2: The random present if forgot to pick up before going
12:46
Speaker 2: to someone's house.
12:46
Speaker 4: So exactly exactly, parents, et cetera.
12:49
Speaker 5: You have all a little gift cupboard with boxes of chocolates,
12:54
Speaker 5: maybe other little knickknacks if you have capacity, if you
12:57
Speaker 5: want to, And then that way, when it comes to
12:59
Speaker 5: Christmas time, you're not completely overloaded with the things that
13:01
Speaker 5: seem small, but like ten doll boxes of chocolates for everyone.
13:04
Speaker 4: You know, that's a lot of money.
13:06
Speaker 2: Yeah, it adds up a lot. But also I love
13:09
Speaker 2: that idea in theory. Fantastic money win. You put a
13:13
Speaker 2: box of Rafaelo's in my house and tell me they're there.
13:16
Speaker 2: You want them to stay there, don't tell me they're
13:18
Speaker 2: they're true, like you just would at work.
13:21
Speaker 4: That's true.
13:22
Speaker 6: You never buy those chocolates for yourself, Like Ferrero's are
13:25
Speaker 6: my favorite chocolate, but there's this mental block for me.
13:28
Speaker 6: You get them as a gift. Oh my, I can't
13:30
Speaker 6: go to clos and buy myself a box of Ferrero's
13:32
Speaker 6: like someone's gonna give them tore for like Valentine's Day
13:34
Speaker 6: or my birthday or whatever.
13:35
Speaker 2: Yeah. No, you can't buy that chocolate for yourself.
13:37
Speaker 4: I had never thought about that before.
13:39
Speaker 5: Imagine you would never buy yourself like one of the
13:42
Speaker 5: movies is like you get like the little even though
13:44
Speaker 5: you don't really want them yet the m and ms.
13:45
Speaker 5: You'd rather have packet of Ferrero share box of that,
13:48
Speaker 5: but it costs the same.
13:49
Speaker 4: Right, Yeah, like cosic roughly the same. You know, that's
13:54
Speaker 4: so funny. I never thought about that before.
13:55
Speaker 6: It's so true though, and so I feel like people
13:57
Speaker 6: go oh, I feel like it's impersonal. No, I want
13:59
Speaker 6: the box of choking Yeah, give me the chocolate always
14:01
Speaker 6: on chocolates.
14:02
Speaker 2: I want to do a thread in our Facebook group
14:04
Speaker 2: of stuff you would never buy for yourself, so like
14:07
Speaker 2: we're not talking about like obviously, I would never buy
14:10
Speaker 2: myself an Ermez handbag because it's thirty thousand dollars. Like, no,
14:13
Speaker 2: that's unrelatable, but like I'm the same as you, ess
14:16
Speaker 2: I would never buy like fancy boxed chocolates for myself.
14:20
Speaker 2: It is a gift. Yes, what else exists?
14:23
Speaker 6: We need to know you hate spending money on that
14:25
Speaker 6: you would love, like an Uber gift card. No one
14:27
Speaker 6: likes paying for ubers, but if you have a gift card,
14:30
Speaker 6: he reads gift cards card.
14:33
Speaker 2: Like, I know that.
14:34
Speaker 6: I think it's a bit of a stigma or pressure
14:36
Speaker 6: sometimes to be super creative and like as a gift giver,
14:39
Speaker 6: like it's one of my love languages. Yes, I completely agree.
14:41
Speaker 6: It is really fun and exciting finding the perfect present,
14:44
Speaker 6: But sometimes you know what a basket with like some
14:48
Speaker 6: Laudry detergent and some dishwasher tablets in this economy, in
14:52
Speaker 6: this economy, thrilled.
14:54
Speaker 4: That's true.
14:55
Speaker 2: That's true. One of my go to housewarming gifts is
14:58
Speaker 2: like a nice basket that can be used as like
15:00
Speaker 2: a pot or something. And then I buy a fancy
15:03
Speaker 2: dried pasta because like, you're not gonna buy the fancy
15:06
Speaker 2: dry pasta yourself, are you? Yad? Like like I am
15:10
Speaker 2: getting Cole's or Wooly's brand pasta. End of story. That's
15:13
Speaker 2: how it's gonna work. So fancy dried pasta, and then
15:16
Speaker 2: like a pre made pasta sauce, the fancy one that
15:20
Speaker 2: you wouldn't buy, I buy the regular Etto brand two
15:22
Speaker 2: dords fifty a jar. Don't think it's ever increased before.
15:25
Speaker 2: It's always on the bottom shelf because no one buys it.
15:27
Speaker 2: It's obviously not like the important one, but it works
15:30
Speaker 2: for me. Ten out of ten will not buy anything else.
15:33
Speaker 2: Don't put that in my basket, though, I'm buying when
15:35
Speaker 2: you like the nine dollars jar of pasta sauce. And
15:38
Speaker 2: then like a brick of like parmesan or something nice.
15:42
Speaker 2: Great housewarming gift, but I just made you dinner, YEA
15:44
Speaker 2: true genius?
15:46
Speaker 7: Yeah?
15:46
Speaker 4: I love that. What's your tip?
15:48
Speaker 2: Okay?
15:48
Speaker 5: So my broake tip for this week, and it is
15:50
Speaker 5: something I completely forgot about until the other day because
15:52
Speaker 5: obviously it is end of pay cycle, so you know.
15:57
Speaker 2: You just got too much month left at the end
15:59
Speaker 2: of your money.
16:00
Speaker 4: Exactly, yeah, exactly.
16:02
Speaker 5: So the other day I made dinner and I made
16:05
Speaker 5: deb mashed potato.
16:07
Speaker 4: So what this is?
16:09
Speaker 6: Like?
16:09
Speaker 4: You know that powdered mashed potato?
16:11
Speaker 6: Okay, no I did.
16:12
Speaker 4: I was like, what is it?
16:12
Speaker 6: Dev mashed potato?
16:14
Speaker 2: I don't know. It's like a crowded in the canned section.
16:20
Speaker 5: Anyway, So this is two dollars and ten cents. You
16:23
Speaker 5: can feed your whole family with this.
16:25
Speaker 4: You just literally need make with it.
16:27
Speaker 2: Did you just make a bowl of mashed potato and
16:29
Speaker 2: go bond apple teeth because it's filling?
16:32
Speaker 1: No?
16:32
Speaker 5: I did put some baby peas in there, which is like,
16:34
Speaker 5: let's not worry about that because you.
16:35
Speaker 2: Put in potato and called that a meal.
16:38
Speaker 3: Beck.
16:38
Speaker 4: Yeah, sometimes you gotta do what you gotta do.
16:40
Speaker 6: It bubble and squeak.
16:42
Speaker 5: It's bubble and squeak, exactly, it's just a little bit want.
16:47
Speaker 5: But I have found that with any kind of like
16:51
Speaker 5: let's say rice, I used to like really get in
16:53
Speaker 5: there and wash it and like.
16:54
Speaker 4: Make it all fluffy.
16:56
Speaker 5: But if I just like add heaps of water and
16:57
Speaker 5: it's like the volume of it is just so it's
17:00
Speaker 5: like sticky rice. It's like really sludgy whatever doesn't matter,
17:03
Speaker 5: but it's so much more filling.
17:04
Speaker 4: Same with like dead mashed potato.
17:05
Speaker 2: Selling me on the sludge anything that no, but it's
17:07
Speaker 2: actually is delicious. I am really good at one thing
17:10
Speaker 2: in this life, and it is cooking rice. Well in
17:14
Speaker 2: my family known for being able to pull off really
17:16
Speaker 2: good rice, which and ask me how I'll do it,
17:18
Speaker 2: because apparently on TikTok it's really political how you cook rice.
17:23
Speaker 2: But I've got it down. It's like it's fluffy. If
17:25
Speaker 2: you give me gluggy rice, I'm going home back.
17:28
Speaker 5: But and this is the thing that most of the
17:30
Speaker 5: past cycle, I'm having fluffy rice.
17:32
Speaker 2: At the end of the paste.
17:33
Speaker 5: Cycle, I'm just trying to fill myself up. Yeah, I'm
17:35
Speaker 5: making gluggy rice. I'm making dead mashed potato.
17:38
Speaker 2: Anyway.
17:38
Speaker 5: So my broke tip for this week is buy dead
17:41
Speaker 5: mashed potato instead of regular potato, because it tastes just
17:43
Speaker 5: as good it is powdered potato. Two ten cents will
17:46
Speaker 5: feed nearly a whole family. I would say all you
17:49
Speaker 5: need is hot water.
17:50
Speaker 6: That is literally all you need, and then if you
17:52
Speaker 6: want to be fancy, you could put like some butter
17:54
Speaker 6: or some garlic totally. You know, if you have like
17:56
Speaker 6: a rosemary, bushes grow like crazy. So if you know
17:58
Speaker 6: a neighbor or if there's money park, I feel like
18:00
Speaker 6: a bit of rosemary and the mashed potatoes would be deleaged.
18:02
Speaker 2: Yeah, I've already told you guys that you absolutely should
18:05
Speaker 2: be like liberating is what we call the jess like
18:08
Speaker 2: we do herbs that you see in people's like front gardens. Yeah,
18:11
Speaker 2: it's reachable from the street. It is free game.
18:14
Speaker 6: Agreed, they're probably happy for the free gardening service.
18:17
Speaker 2: I agree. I agree. The other thing I would say
18:20
Speaker 2: to upgrade that beck is while you are, you know,
18:23
Speaker 2: at the start of the month where you have a
18:24
Speaker 2: little bit more cash, add one of those just Coal's
18:27
Speaker 2: brand tins of gravy to your like, to your mix.
18:31
Speaker 2: I think they're like two dollars and ten cents ish
18:33
Speaker 2: for the Coals brand one. I don't think there's a
18:35
Speaker 2: difference between brands like they they're all the same because
18:38
Speaker 2: then you could just have some gravy over the top
18:40
Speaker 2: of your mashed potato. And that's elite.
18:43
Speaker 4: That is a potato and gravy.
18:44
Speaker 2: Yeah, and it's so cheap. It's like two dollars a tin. Yeah,
18:47
Speaker 2: but like the tin, you just need a tea spoon
18:49
Speaker 2: of it to make the amount of gravy that you'd need.
18:51
Speaker 2: So that's gonna last ages.
18:52
Speaker 4: I love that. That's such a good idea. Thank you
18:55
Speaker 4: for snack.
18:56
Speaker 2: Do you want to get mashed potato after this?
18:58
Speaker 4: Yeah?
18:58
Speaker 6: It's Monday, KFC.
19:00
Speaker 2: Oh sod it.
19:03
Speaker 4: I've never had anyone who's that organically before. That was amazing.
19:07
Speaker 4: That was amazing. We have tip more good broad tip.
19:10
Speaker 4: So I guess the if you don't mind, Oh yeah,
19:14
Speaker 4: I think.
19:15
Speaker 5: I mean, I've never been pregnant, but I assume that
19:17
Speaker 5: maybe part of pregnancy is, you know, maybe having to
19:19
Speaker 5: buy like maternity clothes and things like that.
19:21
Speaker 2: You can't stop, won't stop not happening.
19:23
Speaker 4: You have found a workaround.
19:25
Speaker 2: I feel like if you've been pregnant before, you're gonna
19:27
Speaker 2: be like v This is not a tip.
19:28
Speaker 4: This is desperation hanging on by thread literally.
19:33
Speaker 2: Right literally, so my genes I can still get them on.
19:36
Speaker 2: As I said before, I don't think that's gonna last
19:39
Speaker 2: that much longer, if we're being honest. But I just
19:42
Speaker 2: I can't justify all this pregnancy stuff, like I keep
19:46
Speaker 2: being like what, like I have bought some singlets. So
19:49
Speaker 2: I've bought these maternity singlets. They have the like little
19:52
Speaker 2: breast feeding clips on them, not that they need them now,
19:54
Speaker 2: but I bought them because they're longer, and so I
19:57
Speaker 2: bought them, just like Cheapi's from H and M. Spending
20:00
Speaker 2: money on this, Like, I cannot tell you how annoying
20:04
Speaker 2: pregnancy stuff is to me, because I'm like, I'm gonna
20:06
Speaker 2: wear it for less than nine months, Like you're pregnant
20:08
Speaker 2: for what nearly ten months, and you're telling me that
20:11
Speaker 2: for maybe, like you know, at twelve weeks pregnant, you
20:14
Speaker 2: can probably fit in most of your clothes. Obviously first pregnancy,
20:18
Speaker 2: everyone's different, all of that. But like I was fitting
20:20
Speaker 2: in my normal clothes at twelve weeks and maybe all
20:23
Speaker 2: the way up to like twenty weeks, eighteen twenty weeks,
20:26
Speaker 2: I could still like squeeze into a lot of things.
20:29
Speaker 2: I'm now like twenty five weeks. The jeans have almost
20:33
Speaker 2: been sacrificed. I can't do them up at all. But
20:36
Speaker 2: coming in clutch is a hair tie. I have tied
20:39
Speaker 2: it around the belt loop and then flipped it over
20:42
Speaker 2: their like little metal bit. And we're calling that done
20:45
Speaker 2: up jeans with my H and M Singlet I just
20:47
Speaker 2: pull that down a little bit lower, chuck on a
20:49
Speaker 2: jumper i'd usually wear and call it a day. That
20:52
Speaker 2: is my maternity outfit.
20:53
Speaker 4: It looks very funny. It does look like it's almost
20:55
Speaker 4: about snap.
20:55
Speaker 2: Can we put a photo, Yeah, we'll check a photo
20:57
Speaker 2: after it on Instagram. Look, it's not good. It's not
21:01
Speaker 2: something i'm do you know what. Actually it is something
21:03
Speaker 2: I'm proud of.
21:04
Speaker 6: Like your work.
21:06
Speaker 2: I'm not buying new Jeanes.
21:08
Speaker 4: No, I need to do happening. It's just not happening.
21:12
Speaker 2: One out of ten anyway.
21:13
Speaker 4: I love that.
21:13
Speaker 2: Move on from broke tips. Okay, let's go.
21:16
Speaker 4: Let's go.
21:16
Speaker 2: Let's go to a really quick break And on the
21:18
Speaker 2: flip side, we're answering a money dilemma, which this week
21:21
Speaker 2: is all about buying your first home and whether it
21:23
Speaker 2: should be a home for your future or a home
21:25
Speaker 2: for your current situation. And then we get to unpack
21:28
Speaker 2: something you slid into our dms about this week, we're
21:30
Speaker 2: talking about a partner who lies about their finances, So
21:34
Speaker 2: don't go anywhere.
21:39
Speaker 6: Welcome back, everybody. Let's take a quick listen to this
21:42
Speaker 6: week's money dilemma, shall we.
21:46
Speaker 5: Hi?
21:46
Speaker 3: There?
21:46
Speaker 2: Have you got a money dilemma you just can't solve?
21:49
Speaker 2: The Sheese on the Money team is here to help.
21:51
Speaker 2: Every week we tackle your dilemmas, both big and small,
21:54
Speaker 2: to answer your most burning money, career and life questions.
21:58
Speaker 8: To get involved, simply head to our webs and leave
22:00
Speaker 8: us a short voice recording and you might just find
22:02
Speaker 8: yourself on the show. Now, let's take a listen to
22:05
Speaker 8: this week's money dilemma.
22:10
Speaker 7: Hey, girls, my partner and I are hopefully going to
22:13
Speaker 7: buy a property for the first time next year to
22:15
Speaker 7: live in. But my main dilemma is that he thinks
22:20
Speaker 7: that we should be buying a three bedroom place whatever.
22:24
Speaker 7: Basically that's going to set and forget we're going to
22:26
Speaker 7: live there forever. But the problem is we we know
22:29
Speaker 7: we can't afford that. We're not in the market to
22:31
Speaker 7: do that. We both earn over one hundred thousand dollars
22:34
Speaker 7: a year each, but for us to buy basically our
22:38
Speaker 7: dream home, we would have to live so far out
22:40
Speaker 7: of the city, but also any government incentives we're not
22:44
Speaker 7: eligible for. So I need some help. What should we
22:48
Speaker 7: be doing for the first home and would we be
22:52
Speaker 7: able to sell after a few years and buy something else.
22:56
Speaker 2: Oh, this is it's honestly a really good question, you
23:00
Speaker 2: said before when I told you at the start of
23:02
Speaker 2: the episode, Jess, I was like, Oh, this is what
23:04
Speaker 2: our money dilimma is going to be about. And you're like, Oh,
23:06
Speaker 2: that's a good question. Why to you is that a
23:08
Speaker 2: good question?
23:09
Speaker 6: I just I think a lot of the time you
23:12
Speaker 6: just go a home is a home, right, Like I
23:15
Speaker 6: think when you're thinking about buying a home, sometimes you
23:18
Speaker 6: just get caught up in the idea of it and
23:19
Speaker 6: you don't necessarily think as in depth about the logistics
23:23
Speaker 6: of what your future in the home looks like. Because,
23:25
Speaker 6: as our listener has outlined, you know, you could kind
23:28
Speaker 6: of just buy the cheapest home you can get. Maybe
23:30
Speaker 6: it's not in the best area, maybe it's a bit
23:32
Speaker 6: run down, maybe there's you know this, that or the other,
23:35
Speaker 6: because you can afford it and it's well within your means,
23:38
Speaker 6: and you know at some point you will move on
23:40
Speaker 6: from that, and it's just what you can do that's
23:42
Speaker 6: easily reachable, or you can go, oh, well, I want
23:45
Speaker 6: the biggest, the best, I want all of the nice finishes.
23:47
Speaker 6: I want the brand new house. I want to be
23:49
Speaker 6: in the best area with the best street, with the
23:50
Speaker 6: best neighborhood and the best school and all of those
23:52
Speaker 6: things that kind of bump your price up and up
23:54
Speaker 6: and up and up and up. Yeah, And I mean
23:57
Speaker 6: both of those are very viable options. Like I don't
23:59
Speaker 6: think them as any right option for anybody, but I
24:01
Speaker 6: just think it's a good question to be thinking about,
24:03
Speaker 6: what does my future, Like how long am I going
24:05
Speaker 6: to stay here? Because if you only plan on being
24:07
Speaker 6: there for a year or two, maybe you do just
24:08
Speaker 6: go the kind of more affordable option and you go, oh,
24:11
Speaker 6: I can live with whatever for a couple of years,
24:14
Speaker 6: save a bit more aggressively, and then move to something
24:16
Speaker 6: better later on.
24:18
Speaker 5: Obviously I'm probably not the best of person to speak
24:20
Speaker 5: on this, but I would think that maybe is there
24:23
Speaker 5: like if you buy now, even if it's like not
24:26
Speaker 5: your ideal suburb or location or even the house is
24:29
Speaker 5: an ideal, just buying that.
24:32
Speaker 4: Surely the price will go up in a few years.
24:35
Speaker 5: Maybe you make some money there, Like I feel like
24:37
Speaker 5: it's maybe not like this isn't the right term, but
24:40
Speaker 5: like quick and easy way to kind of get.
24:44
Speaker 4: Like equities at what it's called, yeah, and.
24:46
Speaker 5: Then buying somewhere else more ideal in the future. But
24:50
Speaker 5: if you have that, if you start there, then like
24:53
Speaker 5: you're not I think right now, if you're like you're
24:55
Speaker 5: paying rent, you're paying someone else's mortgage. And then if
24:57
Speaker 5: you have the ability to pay your own mortgage in
25:00
Speaker 5: a place it's not ideal for you, you're still.
25:03
Speaker 4: Kind of it feels like you're still saving money. Does
25:05
Speaker 4: that make sense?
25:06
Speaker 2: Yeah, yeah, it totally makes sense. And this is well
25:09
Speaker 2: timed because obviously I released property with She's on the
25:12
Speaker 2: Money this year, and in that book I talk a
25:14
Speaker 2: lot about how your dream home is the home you
25:17
Speaker 2: can afford, because I think that given the property market
25:21
Speaker 2: has changed so dramatically in the last fifty years. So
25:25
Speaker 2: for example, if I take you back to nineteen seventy five,
25:29
Speaker 2: the average Australian property cost five four or five times
25:33
Speaker 2: the annual salary. Today that costs between thirteen and fifteen
25:37
Speaker 2: times your annual salary, and you might go, oh, vib
25:40
Speaker 2: but what about inflation? Everything changes If your salary growth
25:44
Speaker 2: had kept up, or if salary growth in general had
25:47
Speaker 2: kept up, the average salary for every Australian today would
25:51
Speaker 2: be one hundred and sixty two thousand dollars. So wage
25:56
Speaker 2: growth has not kept up with property growth, because if
26:00
Speaker 2: wage growth was that, it'd be one hundred and sixty
26:02
Speaker 2: two thousand dollars, but it's not. The average salary here
26:05
Speaker 2: in Australia today is sixty five thousand dollars. So we
26:08
Speaker 2: are at a significant disadvantage when it comes to getting
26:12
Speaker 2: into the property market. Irrespective of interest rates, irrespective of
26:16
Speaker 2: what the bank is going to charge you, or how
26:18
Speaker 2: easy it is to access alone, it's just harder today.
26:21
Speaker 2: Often we try to blame you know, irresponsible millennials or
26:25
Speaker 2: going up for branch or you know, millennials these days
26:27
Speaker 2: prioritize their lifestyles more like to me, that's not the case,
26:31
Speaker 2: because life is genuinely harder. So when we look at property,
26:36
Speaker 2: we can't have this white picket fence dream that we
26:39
Speaker 2: historically had because you know, if my parents were able
26:42
Speaker 2: to walk into a property like that, that doesn't necessarily
26:45
Speaker 2: mean I can. But I think we always look to
26:47
Speaker 2: history and go, oh, they were able to do it,
26:49
Speaker 2: why can't.
26:49
Speaker 6: I do it?
26:50
Speaker 2: Well, Actually, the world has changed. So to me, your
26:53
Speaker 2: dream home is the property that you can afford, not
26:55
Speaker 2: necessarily the property that you want. And what this listener
26:59
Speaker 2: has written in and said to me is that property. So,
27:03
Speaker 2: like we could go further out, that property is actually
27:06
Speaker 2: not in the location that is your dream location. So
27:08
Speaker 2: therefore it's not your dream property because you're having to
27:10
Speaker 2: make significant compromise. I would say to get into what
27:14
Speaker 2: would be, you know, a three bedroom house as opposed
27:16
Speaker 2: to a starter property. And I obviously am in the
27:19
Speaker 2: property game always. I own Zella Money, which is a
27:22
Speaker 2: mortgage broking firm, and we see people getting into their
27:25
Speaker 2: first homes literally every day. It's my favorite thing in
27:27
Speaker 2: the entire world. But often we're talking to clients about, well,
27:32
Speaker 2: what compromises are you making, what is your long term
27:34
Speaker 2: strategy on this property? And if you're not sure about
27:38
Speaker 2: what that looks like, you need to do more research.
27:40
Speaker 2: So i'd sit you down. And I've said this to
27:42
Speaker 2: Jess before, because obviously Jess wants to buy a house.
27:44
Speaker 2: I would say desperately at this point. I mean, it's
27:46
Speaker 2: a bit on ice at the moment because like, the
27:48
Speaker 2: world is in a bit of a shamble. But I'm
27:51
Speaker 2: always like, Jess, can you please look at this property?
27:54
Speaker 2: I know because Jess wants to buy her family home right, Like,
27:57
Speaker 2: it's no secret she has this ideal of what you
28:00
Speaker 2: want to buy. And that's fine because her dream location
28:02
Speaker 2: is going to allow that and that will work. So
28:05
Speaker 2: it's not like Jess actually has rocks in her head.
28:07
Speaker 2: So that's okay. But every time I'm like, you don't
28:10
Speaker 2: know how your circumstances can change before you buy any house.
28:14
Speaker 2: Can you please look at it pragmatically and go what
28:16
Speaker 2: would it resell for? Yes, it might be your perfect home,
28:19
Speaker 2: but like, what would it mean if everything went south
28:22
Speaker 2: and you needed to sell? Like could we just sell
28:24
Speaker 2: it for what we bought it for and call it
28:25
Speaker 2: an even break? Great, no worries? What does rental yield
28:29
Speaker 2: in that area actually look like? And you might go,
28:31
Speaker 2: v why am I bothering? I don't have any intention
28:33
Speaker 2: of renting it out. Do you know how many people
28:36
Speaker 2: I talk to that are like, oh, we're renting out
28:37
Speaker 2: this property? We never thought we would just understand the numbers,
28:42
Speaker 2: understand what you're getting yourself into and understand the compromise
28:46
Speaker 2: you're making, because going for a more expensive property, you
28:50
Speaker 2: might go, well, V, I now have my dream home.
28:53
Speaker 2: Fantastic at what compromise? So has your lifestyle changed? Do
28:57
Speaker 2: you now you know, significantly further out from your friends
29:00
Speaker 2: and family and that's now getting in the way of
29:02
Speaker 2: your social life, Like what does the rest of your
29:04
Speaker 2: life look like? Because I feel like when we go
29:06
Speaker 2: into the property journey, it's so tunnel visioned, like you're
29:09
Speaker 2: just like far out. I finally have the deposit. You know,
29:12
Speaker 2: I've talked to my Zella Money mortgage broker, and I'm
29:15
Speaker 2: so excited. They said, I can be serviced up to
29:17
Speaker 2: this amount. But you might not have thought about what
29:20
Speaker 2: life looks like once you have that mortgage repayment coming
29:22
Speaker 2: out of your account, Like, once you're in the house,
29:24
Speaker 2: what does life look like? How does that work? Because
29:26
Speaker 2: I guess reflecting even on my own personal journey. You
29:29
Speaker 2: guys know that during COVID, my husband Steve or he
29:32
Speaker 2: was my boyfriend at the time, we bought a house
29:35
Speaker 2: together and I remember buying that and saying to Steve,
29:39
Speaker 2: this would be so good because it has more than
29:41
Speaker 2: three bedrooms, Like it's a four bedroom house, and I
29:44
Speaker 2: remember saying, this will be great because we can be
29:46
Speaker 2: here for ten fifteen years, And that was what two
29:49
Speaker 2: and a half three years ago, and we're already like, great,
29:52
Speaker 2: we want to move. We want to change our situation,
29:54
Speaker 2: like this was our dream property, and now our financial
29:58
Speaker 2: situation has changed enough to enable us to kind of
30:01
Speaker 2: step up into that next level of property. But I'm
30:04
Speaker 2: looking at it going at what point would I do that?
30:06
Speaker 2: And obviously I'll share the journey if we decide to
30:08
Speaker 2: do that, but I'm not there yet. But now we're
30:11
Speaker 2: having a baby, we'd like to be closer to parks,
30:13
Speaker 2: so we'd like to be in this different location or
30:15
Speaker 2: you know, closer to family or whatever we're talking about.
30:18
Speaker 2: That was not on our radar when we purchased the
30:20
Speaker 2: first time. And I would say the first time I purchased,
30:23
Speaker 2: I was really smart about it. I did know rental yield,
30:25
Speaker 2: I did know all of those things. But in my
30:27
Speaker 2: head we were going to stay in that property for
30:29
Speaker 2: ten plus years. And now I look at it and go,
30:32
Speaker 2: all right, well, I've actually renovated it. It's looking pretty good.
30:35
Speaker 2: We haven't got a very good looking front yard, ask Jess,
30:38
Speaker 2: she's Senna, it's heinous. It's about to change, don't worry. Yes,
30:41
Speaker 2: I signed a contract with a beautiful landscaper, and I go,
30:44
Speaker 2: this could actually sail quite nicely if we decided to,
30:47
Speaker 2: you know, dispose of this and change our situation. Whereas
30:51
Speaker 2: if you'd told me when I purchased the property, hey, e,
30:53
Speaker 2: so after three years you're probably going to want to,
30:55
Speaker 2: you know, change, I'd be like, absolutely not, you're joking.
30:58
Speaker 2: This is my dream home.
30:59
Speaker 6: Yeah.
30:59
Speaker 2: So I think that is a good example of I
31:02
Speaker 2: was so set, and I feel like we all get
31:05
Speaker 2: like this because buying your property is going to be
31:08
Speaker 2: one of the biggest financial expenses of your entire life,
31:11
Speaker 2: will probably be the number one. But what would it
31:14
Speaker 2: look like to pivot? What if life changes? You know,
31:18
Speaker 2: I'm not going to get dramatic about your relationship ending,
31:20
Speaker 2: but like, that's something we need to take into consideration
31:22
Speaker 2: as well. But what if in five years you've built
31:26
Speaker 2: up enough equity back to go into your next property
31:28
Speaker 2: and rent this one out. Is that an opportunity Because
31:32
Speaker 2: that's a wealth creation strategy that you might not have
31:34
Speaker 2: thought about. You might go, wow, I never thought that
31:36
Speaker 2: i'd own a property that I could rent out, leverage
31:39
Speaker 2: myself off that one and into my next property. So
31:41
Speaker 2: that's where I think it's important to have a really
31:43
Speaker 2: good conversation with a mortgage broker, because you can't do
31:46
Speaker 2: that yourself. Like ask Jess, I bullied her for the
31:49
Speaker 2: longest time, I said, sit down with a good mortgage broker.
31:52
Speaker 2: Did you Eventually it was good? Now you have Do
31:56
Speaker 2: you feel like you have that clarity?
31:58
Speaker 6: Yeah? Yeah, it's really handy, something that you can just
32:00
Speaker 6: lean on and be like, hey, like what does this
32:02
Speaker 6: look like if I my income changes by this, or
32:04
Speaker 6: if rates have changed by that, Like what impact does
32:07
Speaker 6: that have on my borrowing capacity? And what will that
32:09
Speaker 6: mean for the properties that I can or can't afford?
32:11
Speaker 2: Exactly? And a mortgage broker does this day in day out,
32:13
Speaker 2: Like use them as a really good, I guess sense
32:16
Speaker 2: check resource because go, all right, well, actually is this
32:18
Speaker 2: a good idea? I promise your mortgage broker will be like, look,
32:21
Speaker 2: it's your choice, but like you know, we've had a
32:23
Speaker 2: couple of clients go down this route instead, or we've
32:25
Speaker 2: had a couple of clients do this, or actually that
32:27
Speaker 2: area seems really popular. So I would have a chat
32:30
Speaker 2: with a mortgage broker sooner rather than later. To the
32:33
Speaker 2: person who has written in this money dilemma, but if
32:36
Speaker 2: you're thinking about buying and you're not entirely sure, just
32:39
Speaker 2: go sit down with a mortgage broker before you're ready
32:42
Speaker 2: and actually go, well, what does this look like? How
32:44
Speaker 2: does this work?
32:45
Speaker 7: You know?
32:45
Speaker 2: How much more deposit can I save? I know our
32:47
Speaker 2: money dilemma ride arenera Jess actually said, oh, we actually
32:51
Speaker 2: have a combined income of more than two hundred thousand
32:53
Speaker 2: dollars sligh like big flex. But also they said, oh,
32:58
Speaker 2: none of the government grants apply to me. Some of
33:00
Speaker 2: them still would have you actually had someone look into
33:03
Speaker 2: that to make sure that you're dotting all your eyes
33:05
Speaker 2: and crossing all your tea's, because sometimes different circumstances can
33:08
Speaker 2: change so that you might be able to access different
33:10
Speaker 2: grants that you might not have even heard of. So
33:13
Speaker 2: to me get a really good mortgage broker on your side,
33:15
Speaker 2: I'm obviously incredibly biased and think that you should just
33:18
Speaker 2: work with us because I've got your best interests at heart.
33:20
Speaker 2: So we'll chuck all of the details to get in
33:22
Speaker 2: contact with Zella Money in the show notes today, but honestly,
33:26
Speaker 2: just talk to someone who can help you get through
33:28
Speaker 2: this so that you and your partner are on the
33:30
Speaker 2: same page, because you do not want to be on
33:32
Speaker 2: different pages when making the biggest financial decision of your life.
33:36
Speaker 6: Yeah. I have two different friends, for what it's worth,
33:38
Speaker 6: two different friends who purchase properties at the top of
33:40
Speaker 6: what they were able to with their partners, and they
33:42
Speaker 6: are both looking at downsizing this year. Really yeah, just
33:46
Speaker 6: because they felt like their lifestyle compromise, Like they can't
33:49
Speaker 6: go on holidays, they have much less fun money, if
33:52
Speaker 6: you want to call it that, And so for them,
33:54
Speaker 6: they're like, oh, maybe having the big nights house isn't
33:56
Speaker 6: worth as much to us as being able to live
33:58
Speaker 6: our lives in the way that we want. Like, you
34:01
Speaker 6: both obviously have valid thoughts and feelings, but maybe have
34:04
Speaker 6: a look and talk to your partner about, well, okay,
34:06
Speaker 6: if we do take out the much bigger property, that
34:08
Speaker 6: it's going to chew up a lot more abou our income.
34:11
Speaker 6: Like what are we going to have to give up
34:13
Speaker 6: to do that? Because do we want to spend five
34:15
Speaker 6: years without ever going on a holiday or do we
34:17
Speaker 6: want to spend you know, a couple of years really
34:21
Speaker 6: scrimping and saving rather than just being able to enjoy
34:24
Speaker 6: this new space.
34:25
Speaker 2: It's so true. It is so true, And I feel
34:27
Speaker 2: like often people go yeah, yeah, Victoria or whatever or whatever,
34:31
Speaker 2: but that's the reality of the circumstances. Like unfortunately, guys,
34:34
Speaker 2: money is not endless and.
34:36
Speaker 6: Rates are going up.
34:37
Speaker 2: So if money was endless, I wouldn't have a job.
34:39
Speaker 2: So yeah, So anyway, moving on, we received a DM
34:44
Speaker 2: this week, guys, a little bit spicy, as I said,
34:47
Speaker 2: kind of like the drama. Would you like to hear it? Absolutely? Girls,
34:51
Speaker 2: I need your help. I've been with my partner for
34:53
Speaker 2: around the year now, and we keep our finances separate
34:56
Speaker 2: as we don't live together. Plus there is a big
34:58
Speaker 2: difference in what we earn. He makes more than double
35:01
Speaker 2: what I do. Now here's where things get tricky. Despite
35:05
Speaker 2: him making so much, he always tells me how broke
35:08
Speaker 2: he is, and he's stressed out, always about money. Of course,
35:13
Speaker 2: I believed him when he told me this in the past,
35:15
Speaker 2: so I often just started paying for dinners, or I'd
35:18
Speaker 2: pay for the weekends away or even transfer him funds
35:21
Speaker 2: to cover his daily costs to reduce his stress. I'm
35:24
Speaker 2: really good with savings, so it doesn't bother me too
35:27
Speaker 2: much because I just want us to be able to
35:28
Speaker 2: do these things together and I see us being together
35:31
Speaker 2: for a long time. However, I just found out he
35:34
Speaker 2: bought himself a really expensive watch, and he lied to
35:38
Speaker 2: me and told me it costs way way less than
35:41
Speaker 2: what it actually cost. If he can afford that, he
35:44
Speaker 2: doesn't need money off me, and I feel totally used.
35:47
Speaker 2: I haven't confronted him yet, so I would love to
35:49
Speaker 2: know from you girls how you would handle this.
35:52
Speaker 5: There's a lot going on, Yeah that is I mean,
35:56
Speaker 5: I don't want to be that person, but this feels
36:00
Speaker 5: really easy for me.
36:01
Speaker 4: You must leave and take the watch with you if
36:08
Speaker 4: you can. But I just think this is multi layer.
36:10
Speaker 5: Like if you was like I want to buy myself
36:11
Speaker 5: this watch, I'm lying about how much it costs because
36:14
Speaker 5: it's like I'm kind of embarrassed about, like how much
36:16
Speaker 5: is spent on this, but like that on its own,
36:20
Speaker 5: maybe sure, maybe, but actively.
36:24
Speaker 4: Taking money from her in the process.
36:27
Speaker 2: Because you are crying broke all the time, which is
36:31
Speaker 2: very valid if you're in a relationship and you're like
36:34
Speaker 2: like if Jess and I were together and I was like,
36:36
Speaker 2: I really can't afford this, like, and Jess stepped up
36:39
Speaker 2: and said, look, I would really like to give you
36:40
Speaker 2: some cash for that. Like that's a two way relationship,
36:44
Speaker 2: Like that's okay, And I think we need to make
36:47
Speaker 2: sure that we're not crucifying that circumstance because for some
36:51
Speaker 2: people that's fine. But the complexity gets added when I
36:54
Speaker 2: earn double wat jessons, But I'm still borrowing from Jess.
36:57
Speaker 2: But then also what out here living a lot lifestyle,
37:00
Speaker 2: buying a watch that Jess could never afford. What's the
37:03
Speaker 2: borrowing for me?
37:03
Speaker 6: Because like I have definitely been guilty, Like I have
37:06
Speaker 6: said to my partner, I'm so broken. We've said before
37:08
Speaker 6: I out earned my partner relatively significantly, which she's a
37:12
Speaker 6: big dog.
37:12
Speaker 2: Well he's no, no, no, no, no, no, I just own it,
37:15
Speaker 2: Jess Entry dog.
37:17
Speaker 6: He's on his way up. But you know what I mean,
37:18
Speaker 6: Like I'm the high income owner. And I have definitely
37:20
Speaker 6: said before, like there's been nights where he's been like
37:22
Speaker 6: should we do takeout? And I've been like, oh nah,
37:24
Speaker 6: like I'm too broke. It's the end of the month,
37:26
Speaker 6: pay week, whatever. But I think that is very different
37:29
Speaker 6: for me. That's about setting a boundary, because when I
37:31
Speaker 6: say I'm broke, I mean I've put fifty five percent
37:34
Speaker 6: of my income's gone to my house deposit. I've paid
37:36
Speaker 6: all my bills, my rents covered.
37:37
Speaker 2: It must be nice.
37:38
Speaker 6: I've just emptied my fund for takeout for the month. Yes,
37:42
Speaker 6: is kind of so. I also think like the wording
37:45
Speaker 6: in the circumstance can still be used. But I think
37:48
Speaker 6: it's one thing to say, oh, I've exhausted my allocation
37:51
Speaker 6: for that money. I don't want to spend anything on
37:54
Speaker 6: takeaway or on a weekend away or whatever. It's a
37:57
Speaker 6: very different thing to say, oh, I'll take your money
37:59
Speaker 6: to do it because I've spent all of my extra
38:01
Speaker 6: money poorly, or I've allocated all my money to something
38:04
Speaker 6: else that's important to me.
38:05
Speaker 4: Yes, to me, that feels different.
38:06
Speaker 6: That feels very wrong.
38:08
Speaker 4: That does feel It.
38:09
Speaker 6: Does feel a little bit like they're taking advantage. If
38:12
Speaker 6: your partner, who earns half of what you earn is
38:15
Speaker 6: able to pay for these things, where is the money going?
38:17
Speaker 6: And I guess priorities come into it, like if like
38:20
Speaker 6: using the takeout example, sometimes my partners like I just
38:23
Speaker 6: don't want to cook. I can't be bothered. I want
38:25
Speaker 6: to get take out, And I'll say I don't want
38:26
Speaker 6: to spend the money, like it's not my priority this
38:28
Speaker 6: week whatever, and I'll go, I'll cook dinner for you.
38:31
Speaker 6: Perfect compromise. Yes, But like in this situation, it doesn't
38:35
Speaker 6: sound like it's a matter of priorities. It sounds like
38:37
Speaker 6: he's just saying, Oh, I don't want it, babe, can
38:40
Speaker 6: you get it?
38:42
Speaker 2: Mickey?
38:43
Speaker 6: It feels it.
38:44
Speaker 4: Does feel very much like she's being taken advantage of a.
38:49
Speaker 2: If you're crying broken, then you can afford an expensive
38:51
Speaker 2: what and.
38:52
Speaker 4: Then you have to put the watch on top.
38:53
Speaker 6: I didn't even get to the worst.
38:55
Speaker 4: Your watch on top?
38:56
Speaker 5: And like, of course, like sometimes maybe this is my thing?
38:58
Speaker 5: Is like maybe he was because he was saving up
39:01
Speaker 5: for the watch, which is also like totally.
39:03
Speaker 2: But that does not mean that your partner pays for
39:05
Speaker 2: your life. You're saving for a discretionary items, Like we're
39:10
Speaker 2: not talking like, oh and he went out and spent
39:13
Speaker 2: money on his Red Joe. Yeah, like I'm so salty.
39:16
Speaker 4: Or saving for a house or something.
39:18
Speaker 2: No, no, not even the house savings. Your partner should
39:20
Speaker 2: not be and like this is me being relatively aggressive.
39:23
Speaker 2: Your partner should not be funding your lifestyle so that
39:25
Speaker 2: you can save to get yourself ahead financially. It is compromised. Yeah,
39:29
Speaker 2: Like as Jess was saying, she's like, I save for
39:32
Speaker 2: my house and I said no to take out. I
39:34
Speaker 2: mean it's up to her partner James then to go. Well, Jess,
39:38
Speaker 2: it wasn't really a question. I really really really want
39:40
Speaker 2: takeout or pay for different situations than Jess being like, oh,
39:44
Speaker 2: I'm so broke, Like yeah, I really want that. You've
39:47
Speaker 2: got to pay for it. That's guilt tripping.
39:49
Speaker 6: Yeah, that's not okay, Like takeout is a relatively small
39:53
Speaker 6: expense in the scheme, but good as talking about weekends away.
39:56
Speaker 2: Which are weekends away?
39:58
Speaker 6: Like I think with the takeout that you can go
40:00
Speaker 6: oh if one partner is feeling it. One partners not
40:01
Speaker 6: like okay, so one pays fifty bucks for take up
40:03
Speaker 6: for the night. Very nice treat you love your partner,
40:05
Speaker 6: you want to treat.
40:06
Speaker 2: My husband has done that a number of times. To
40:07
Speaker 2: be right, He'll be like, do you want to get
40:09
Speaker 2: Uber eats? And I'll be like, no, no, no, We've
40:11
Speaker 2: got heaps of like molly spoons in the fridge. Absolutely
40:13
Speaker 2: not And he was like, it's not really a question.
40:16
Speaker 6: Like I'm craving peak. Yeah, but that's here to me.
40:20
Speaker 6: It's a more nominal expense a whole weekend away though.
40:23
Speaker 6: If she's paying for two people, you're looking at upwards
40:26
Speaker 6: of five hundred dollars and that's not a small amount
40:29
Speaker 6: at a minimum. Yeah, and that's if you're doing like
40:30
Speaker 6: a very like affordable cost expensive. Yeah, everything's sensive right now.
40:35
Speaker 6: Like that is not a small expense for someone to
40:37
Speaker 6: take on. And I know that I would feel very
40:39
Speaker 6: guilty if my partner was doing that, but.
40:41
Speaker 4: I couldn't totally.
40:43
Speaker 2: Yeah.
40:44
Speaker 6: Again, it's not as if one person saying I really
40:46
Speaker 6: want to prioritize travel and the other partner goes, I
40:48
Speaker 6: don't really care about traveling, and you go, oh, well
40:50
Speaker 6: what if I covered it?
40:51
Speaker 2: Yeah, because it's im ME want you to be there,
40:53
Speaker 2: and this is an experience that I want us to share.
40:56
Speaker 2: And yeah, different.
40:57
Speaker 6: Again, I feel like there are so many avenues that
40:59
Speaker 6: I could be more flexible on. But from what our
41:02
Speaker 6: listener has said, I go, it really just feels to
41:05
Speaker 6: me like he's taking advantage of you, and I don't
41:07
Speaker 6: like that at all.
41:08
Speaker 2: The added layer that we've forgotten, like we've remembered the watch, Chess.
41:11
Speaker 2: But he lied about the watch. Oh my god. Actually
41:14
Speaker 2: he lied about the cost. He said it wasn't it
41:16
Speaker 2: was much much, much less than what it actually costs.
41:19
Speaker 6: Which I feel like is not embarrassment. In this case.
41:21
Speaker 2: It feels he knows what he's doing, he's taking advantage.
41:25
Speaker 5: And this is very telling of other things when someone
41:27
Speaker 5: like it's kind of like a symptom of something bigger,
41:30
Speaker 5: like lying about the watch, or using your partner's money
41:33
Speaker 5: to not using but like, if your partner's paying for
41:36
Speaker 5: something you can probably afford to chip in, maybe you're
41:38
Speaker 5: not doing that.
41:39
Speaker 4: It's symptomatic of a.
41:40
Speaker 5: Bigger issue, which is maybe you're a bit manipulative, maybe
41:44
Speaker 5: all these other things Like it could.
41:45
Speaker 2: Be really blatantly disrespectful, yeah, and I mean it could
41:49
Speaker 2: be harmless.
41:49
Speaker 5: It could be like, oh, they actually couldn't afford XYZ
41:52
Speaker 5: for whatever reason.
41:53
Speaker 2: But it doesn't mean you need a Rolex.
41:55
Speaker 4: Might also be something really sinister, do you know what
41:57
Speaker 4: I mean?
41:58
Speaker 6: Yeah, I don't like it at all. What did everybody
42:00
Speaker 6: else have to say?
42:01
Speaker 2: We obviously took this to the community, as we always do,
42:04
Speaker 2: So here are some of the responses. This one blew up.
42:07
Speaker 2: We got hundred truths over Flieres. First person said, demand
42:12
Speaker 2: a payback of at least what the watch costs as
42:14
Speaker 2: you walk out the door. Catch up. Yes, someone said,
42:18
Speaker 2: just stop giving him money and are you willing to
42:21
Speaker 2: deal with this situation forever? Yeah, run for the hills.
42:25
Speaker 2: It's a big red flag red flag emoji. He is
42:28
Speaker 2: living well above his means hashtag financial manipulation.
42:32
Speaker 6: Yeah, I just I would love to know where his
42:34
Speaker 6: money is going. Yeah, like, I just, I can't comprehend
42:38
Speaker 6: out earning someone by that much and them having money
42:41
Speaker 6: left over and you not.
42:43
Speaker 2: Someone said dump is asked, he's using you for your money, girl.
42:48
Speaker 2: Someone else said this is my favorite one. Think of
42:50
Speaker 2: all of that money that you just spent on him
42:52
Speaker 2: as an investment in finding out that he's a red flag.
42:56
Speaker 6: That's so true.
42:58
Speaker 2: Some really simple ones that came up a lot. You
43:00
Speaker 2: need to talk to him about this.
43:02
Speaker 6: You can't leave it.
43:03
Speaker 2: I think is really good. Like we can give advice,
43:05
Speaker 2: we can talk about it and what we would do,
43:06
Speaker 2: but ultimately good relationships are built on really good communication.
43:11
Speaker 2: And if you can't sit down and be like, hey, mate,
43:13
Speaker 2: what's going on with this. I'm feeling really disrespected. To me,
43:17
Speaker 2: that's another red flag that the relationship you're in is
43:20
Speaker 2: not a good one. Obviously, lots of people will like
43:24
Speaker 2: immediately break up, immediately leave him. Someone suggested ghost him
43:28
Speaker 2: and let him work out why that's so nasty. Then
43:36
Speaker 2: someone else has said, popcorn emoji eyes emoji, popcorn emoji
43:41
Speaker 2: eyes emoji. Send him a screenshot of the watch while
43:44
Speaker 2: you're sitting on the couch together with the price tag
43:47
Speaker 2: with no context, and just see how we react.
43:49
Speaker 6: Yes, there are some toxic people.
43:55
Speaker 2: You guys are psycho well, but lots of people were
43:59
Speaker 2: saying genuinely leave him. I feel like this could turn
44:02
Speaker 2: into quite scary financial abuse quite quickly leave him. I
44:06
Speaker 2: was in this situation for multiple years and it doesn't
44:09
Speaker 2: to get better. So I think having these conversations again,
44:12
Speaker 2: it just goes back to communication, like why are you
44:14
Speaker 2: doing this, mate, because it could be a sign of
44:17
Speaker 2: a bigger problem. You don't know, maybe, like being really dramatic,
44:21
Speaker 2: maybe he has a gambling addiction. That's why he never
44:23
Speaker 2: has any money because he's got this issue. Came into
44:26
Speaker 2: a lot of money one time and bought himself a watch,
44:28
Speaker 2: and he just didn't think about the circumstances he's in
44:31
Speaker 2: because he is in the midst of addiction and that
44:34
Speaker 2: needs to be dealt with. So I think approaching it
44:37
Speaker 2: with kindness always, because there is nothing wrong with always
44:41
Speaker 2: being the kinder person in this circumstance, even if you're
44:44
Speaker 2: being screwed over, like you can walk away with your
44:47
Speaker 2: head held high, like no, I always did the right thing.
44:49
Speaker 2: I tried to communicate I was the better person always.
44:53
Speaker 2: I think, to me is the best way to approach it.
44:56
Speaker 2: But yeah, my summary of this is talk to him,
44:59
Speaker 2: because this is a little bit cooked.
45:01
Speaker 6: I feel like, as well, maybe just for your own reference,
45:05
Speaker 6: going back and having a look at how much money
45:07
Speaker 6: you have given him might be helpful, because I think
45:10
Speaker 6: as well, when you're in a partnership, you often kind
45:12
Speaker 6: of go, oh, it'll all come out in the wash,
45:13
Speaker 6: like you've paid for take out this week, I'll pay
45:15
Speaker 6: for take out next week, or you know, you don't
45:17
Speaker 6: really keep track of things because it's not a game
45:20
Speaker 6: that you need to keep scoring. And I feel like
45:23
Speaker 6: it sounds like potentially she's spent a lot of money
45:26
Speaker 6: or lent a lot of money to her partner, and
45:29
Speaker 6: it might also be just very helpful firstly for your
45:32
Speaker 6: point of reference to see where that money is going,
45:34
Speaker 6: but also for him, like if there is something bigger
45:37
Speaker 6: going on, maybe he's not keeping up or paying attention
45:39
Speaker 6: to how much you're helping him. And if you say, babe,
45:42
Speaker 6: like over the past six months, I've given you ten
45:44
Speaker 6: thousand dollars or five thousand dollars or.
45:45
Speaker 2: Even yeah, and you've gone and spent way more than
45:47
Speaker 2: that on a watch, it just feels really disrespectful.
45:50
Speaker 8: Yeah.
45:50
Speaker 6: I think maybe even just kind of presenting things like that,
45:53
Speaker 6: if he is blissfully unaware and just has no financial
45:57
Speaker 6: literacy and it's just living his life without really thinking
45:59
Speaker 6: about you, maybe that will kind of make and go,
46:01
Speaker 6: oh my god, like I didn't realize sure that you
46:04
Speaker 6: picking up the tab every so often was putting you
46:07
Speaker 6: out so significantly.
46:08
Speaker 2: Yeah, that's a really nice way to put it as well.
46:10
Speaker 2: All Right, Well, unfortunately, guys, I think that is all
46:13
Speaker 2: we have time for today. Thanks for another great Friday, EF.
46:16
Speaker 2: I'm really excited about this one next week. Yes time
46:19
Speaker 2: next week, we'll see you on Until then, have a
46:22
Speaker 2: beautiful weekend and we'll see you Bright nearly for our money,
46:24
Speaker 2: Direy love you guys, buy us I. The advice shared
46:34
Speaker 2: on She's on the Money is general in nature and
46:36
Speaker 2: does not consider your individual circumstances. She's on the Money
46:40
Speaker 2: exists purely for educational purposes and should not be relied
46:44
Speaker 2: upon to make an investment or financial decision. If you
46:47
Speaker 2: do choose to buy a financial product, read the PDS
46:50
Speaker 2: TMD and obtain appropriate financial advice tailored towards your needs.
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