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Transcript

Balancing the Money Mental Load · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
0:04
Speaker 1: the Order Kerni Wholbury 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
0:14
Speaker 1: of which this podcast is recorded on a wondery country,
0:18
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
0:22
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
0:30
Speaker 1: today and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it.
0:34
Speaker 3: She's on the Money. She's on the Money.
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Speaker 4: Hello, and welcome to She's on the Money podcast that
1:00
Speaker 4: makes personal finance fun, especially on Fridays. It is our
1:04
Speaker 4: favorite day of the week because we get our little
1:06
Speaker 4: team together and we celebrate you, our incredible She's on
1:10
Speaker 4: the Money community, Miss Jess Gricci's got some money wins
1:13
Speaker 4: and confessions for us. Miss beck sayed, I think she's
1:16
Speaker 4: got a few unhinged broke tips to share. This week,
1:20
Speaker 4: we're going to be helping to answer our money dilemma,
1:21
Speaker 4: which this week is all about how to finance a
1:24
Speaker 4: removable home and then something you slid into our DMS
1:27
Speaker 4: about ADHD tax and feeling like a burden on your
1:31
Speaker 4: partner relatable not the removable home thing, but I do
1:36
Speaker 4: happen to know how to finance one of those.
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Speaker 2: So we'll get there later. Find Yeah, you can find out.
1:42
Speaker 2: You can find out.
1:43
Speaker 4: But before we get there, first things first, how have
1:46
Speaker 4: your week's been?
1:47
Speaker 3: Really?
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Speaker 5: Good?
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Speaker 2: Team, She's on the money is for the most part,
1:51
Speaker 2: back on deck now, which is very exciting.
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Speaker 4: I feel like everyone is just like a lull, Like slowly,
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Speaker 4: slowly things are starting to.
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Speaker 2: Take I'm having a lot of circling back emails from
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Speaker 2: all the ones I sent you into THEMBAR saying back
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Speaker 2: to this in January, and now everyone's coming back.
2:09
Speaker 4: Actually I didn't want you to actually come back. I
2:12
Speaker 4: didn't mean that. Also circle back corporate speak, we're canceling.
2:16
Speaker 2: That my actions with January didn't say yeah.
2:21
Speaker 4: I actually meant next year. Yeah, you're like you go away. No,
2:26
Speaker 4: It's it's been fun Beck being back on deck.
2:30
Speaker 2: How's how's life?
2:31
Speaker 4: If you kept up the motivation levels that we had
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Speaker 4: last week, you know what I.
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Speaker 2: Think I actually have.
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Speaker 5: But it is such a weirdly sad time of year
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Speaker 5: because it's like, oh I got to with now we
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Speaker 5: have to wait a whole another year for this like
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Speaker 5: nice period where everyone's excited, everyone's in the mood of
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Speaker 5: like like to be festive.
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Speaker 4: Okay, but like, let's reframe it. We've got a year,
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Speaker 4: We've got a year to look forward to it, We've
2:55
Speaker 4: got a year to set up our savings accounts. So
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Speaker 4: this period of the year is not financially stressful.
3:02
Speaker 2: Yes. No, I've got a money team this week. You've
3:05
Speaker 2: got a money team, you know, one of those old
3:06
Speaker 2: school ones. And I like a cute with the can
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Speaker 2: open up. Yeah, made the outside cute, and we're putting
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Speaker 2: coins in it and I'm going to buy my treat
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Speaker 2: myself to.
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Speaker 4: Okay, Okay, I've got questions.
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Speaker 2: I love that. Where are you getting coins? Well, I'm
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Speaker 2: trying so when I saw things cause I just don't
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Speaker 2: have cash, when I saw things on Facebook, Mark place
3:22
Speaker 2: all the time, you get cash, and I'm trying to
3:24
Speaker 2: use it a little bit more because I feel like
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Speaker 2: I like that I have the coins that I then
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Speaker 2: squirre all away.
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Speaker 4: See, I've got a little dish beside our front door. Yeah,
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Speaker 4: you're gonna rob me, Like, that's where to go gas.
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Speaker 4: All the coins are there, good to know, but I
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Speaker 4: don't know what to do with the twenty and fifty
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Speaker 4: cent pieces in there. Put them in my money, sir,
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Speaker 4: I'll bring them in because at this point, at this
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Speaker 4: point they're a burden.
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Speaker 2: I am so annoying.
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Speaker 5: I literally yesterday it is actually I like I had
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Speaker 5: five cents, tense, it's all the coins in the world,
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Speaker 5: and I like kind of put them into little piles
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Speaker 5: of my hand and then just like went and filled
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Speaker 5: up my pedal tank and I was like thirty and
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Speaker 5: then with fifty cents And.
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Speaker 4: You are really annoying but also sligh.
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Speaker 2: Yeah, it's like free petrol. Also, you know that you
4:07
Speaker 2: can put them in a coin counter at the bank
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Speaker 2: and just deposit them into account. Yeah, but that's.
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Speaker 4: Another it is. But also like once it's in the account,
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Speaker 4: it doesn't feel no, it becomes real money again. Yeah. Yeah,
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Speaker 4: coins are fake money, fake money anything which points fake
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Speaker 4: money not actually a real purchase. Basically financial advice right there.
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Speaker 2: Did we get a good review this week?
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Speaker 4: I was an award winning financial advisor. Yep, we did.
4:35
Speaker 4: We got a beautiful review this week. Would you like
4:38
Speaker 4: me to read it out?
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Speaker 2: Yes? Yes, please?
4:40
Speaker 4: This one comes from Linn Britt. I don't know if
4:43
Speaker 4: her name's Britt or Linn to use the name, but
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Speaker 4: five star review. I stumbled onto the She's on the
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Speaker 4: Money podcast a few weeks after I had separated from
4:52
Speaker 4: my husband, and it was a godsend. I devoured all
4:55
Speaker 4: of the previous episodes and have religiously listened every week
4:58
Speaker 4: for the last several years. All the ladies and the
5:01
Speaker 4: show are so relatable, even though they are so diverse.
5:04
Speaker 4: Victoria's financial knowledge has supported me to set up an
5:07
Speaker 4: emergency fund, manage my cash flow so that I could
5:09
Speaker 4: buy my husband out of our joint mortgage. Yes gross,
5:14
Speaker 4: arranged my kids to be beneficiaries for my superannuation and insurances,
5:18
Speaker 4: and I've started investing and I'm in the most secure
5:21
Speaker 4: financial position I've ever been in, despite now relying on
5:25
Speaker 4: just one wage. I wouldn't have done any of that
5:28
Speaker 4: without Sheese on the Money being so accessible and easy
5:31
Speaker 4: to understand. Thanks a million times over. Oh God, that
5:34
Speaker 4: is so illeged. Leaving your husband and being more financially
5:40
Speaker 4: stable than ever and arriving and that's like, that is
5:43
Speaker 4: what people are so stressed about, like, oh my god,
5:45
Speaker 4: I'm going to leave, I'm going to do this.
5:47
Speaker 2: It's going to become a clown car like what. But
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Speaker 2: you've got your stuff together.
5:51
Speaker 5: That's incredible. That is so that would be not a
5:55
Speaker 5: easy task at all. That's really really right.
5:57
Speaker 2: I love our community. I know of what you go achieve.
6:00
Speaker 2: I love that you give us some credit.
6:02
Speaker 4: But I think it's also so important that wasn't us
6:05
Speaker 4: we had a podcast, but like this podcast has existed
6:08
Speaker 4: for so long. Yeah, and that doesn't mean that we
6:12
Speaker 4: do the work for you. We can't do the work
6:14
Speaker 4: for you. If I could, I would totally like I'd
6:17
Speaker 4: be like, let me get your bank accounts, but unfortunately
6:20
Speaker 4: you actually have to do the work. Like kudos to you,
6:22
Speaker 4: because yeah, we gave you the information, but like when
6:26
Speaker 4: people get the information.
6:27
Speaker 5: And do nothing with that exactly me for example, And
6:30
Speaker 5: so you you actually got it, you did.
6:32
Speaker 4: It, are though, and last year became an investor.
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Speaker 5: Beck, Oh true, look at her go I wanted to
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Speaker 5: check that.
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Speaker 2: Yeah.
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Speaker 4: Alright, moving on, miss Jess, you got some money wins
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Speaker 4: and confessions to share with the fam?
6:46
Speaker 2: I sure do. First of this week, I've got one
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Speaker 2: from Olivia, who I just wanted to say we have
6:51
Speaker 2: matching profile pictures. She's a photo of the tar her
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Speaker 2: out front of the taj my Hull twinty.
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Speaker 4: I thought she borrowed your photo and I'd be like,
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Speaker 4: the time, you do look really cute, but that's weird.
7:03
Speaker 2: Olivia said, I'm a bit addicted to chat GPT now,
7:06
Speaker 2: and she said, can we all elect to use just
7:09
Speaker 2: the free version? She said she's someone who struggles with
7:11
Speaker 2: meal planning and staying under budget, so she'll ask a
7:14
Speaker 2: questions like give me lunch ideas based on the coll
7:16
Speaker 2: specials this week, or give me some dinner ideas that
7:18
Speaker 2: I can cook in under twenty minutes with fruits and
7:21
Speaker 2: veggies that are currently in season. She said it's also
7:23
Speaker 2: great when she needs to reduce her takeaway cots and
7:26
Speaker 2: she asks it what she can use based off what's
7:28
Speaker 2: in her fridge. I adore it.
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Speaker 4: And for those of you who are like, oh, chat GPIT,
7:33
Speaker 4: it's only okay, you're not giving it enough information. You
7:37
Speaker 4: need to prime that baby so well and be so specific.
7:41
Speaker 4: Like the more specific the better it takes. All of
7:44
Speaker 4: that Intoicate said, I love it in our team chat
7:47
Speaker 4: GPT is a team member called Gizelle. You asked Gizelle
7:53
Speaker 4: to do that, she will do it. She's a model,
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Speaker 4: she's so good like that exactly.
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Speaker 2: Just what else have you got?
7:58
Speaker 6: Next?
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Speaker 2: I've got money in from Chow said I started turning
8:01
Speaker 2: things off at the wall socket and I had my
8:04
Speaker 2: power bill. WHOA, she said, you got the second bill
8:07
Speaker 2: since studying, and it was eighty seven dollars. That what
8:11
Speaker 2: what for the month was for the quarter? For the
8:13
Speaker 2: I'm assuming for the months. That's really really I really
8:16
Speaker 2: love that.
8:17
Speaker 4: I think that is great. I'm a skeptic and think
8:20
Speaker 4: that there's a bigger issue in the Maybe you had
8:22
Speaker 4: a piece of equipment that was draining your power significantly
8:26
Speaker 4: or was not working.
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Speaker 2: I feel was really high. But one of those tester
8:30
Speaker 2: things that you can plug things into.
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Speaker 4: Yeah, one of those.
8:35
Speaker 2: In a good way.
8:36
Speaker 4: I can also imagine her getting a hard hat, putting
8:38
Speaker 4: it on and walking around there.
8:44
Speaker 2: I'm going to inspect this. It's the cutest image. Next,
8:48
Speaker 2: I've got to own you in from Abby, who said
8:50
Speaker 2: she got a four hundred and twenty dollars refund from
8:52
Speaker 2: the ATYO because she had previously paid off her hex
8:54
Speaker 2: after the big indexation. How good. I feel like a
8:56
Speaker 2: lot of people have probably seen that rolling out over
8:58
Speaker 2: the past few weeks, haven't looked at your hext.
9:01
Speaker 4: We've got a lot of people in our community as
9:03
Speaker 4: well who choose to still contribute to their hex quote
9:06
Speaker 4: because they told their employer that it's still there, and
9:09
Speaker 4: then at tax time they get a heap of money
9:11
Speaker 4: back because they're like, I'm so bad at saving, so
9:14
Speaker 4: I'm just going to do this. Whether or not that's
9:16
Speaker 4: a good strategy is still to be determined, but it's
9:19
Speaker 4: just a strategy, and an interesting one at that.
9:22
Speaker 2: Next, I've want of money in from Molly, who said
9:24
Speaker 2: she logged into her iron G bank account to see
9:27
Speaker 2: she'd been gifted one hundred dollars as part as their
9:30
Speaker 2: giving program is give iron G very clever whoever came
9:33
Speaker 2: up with that. In the marketing team, she covered lunch
9:35
Speaker 2: for her and her friends on Saturday's on Money Team
9:40
Speaker 2: also free money, saying where is it?
9:44
Speaker 4: Yes?
9:44
Speaker 2: Lease thanks? Last of this week, I've got money from Holly,
9:47
Speaker 2: who said she just Molly and Holly.
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Speaker 4: I like it.
9:49
Speaker 2: That actually is very cute. I didn't even realize that
9:51
Speaker 2: money in from Holly who said she just grabbed groceries.
9:54
Speaker 2: Thanks to every Day Rewards and Flybys points, she spent
9:57
Speaker 2: a little over ten dollars instead of three hundred and twenty. Sorry,
10:00
Speaker 2: what crazy working the system? He has hacked the system.
10:06
Speaker 2: That's so good.
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Speaker 4: I'm so impressed. But like proof that it all adds up.
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Speaker 2: Yeah, if you're an everyday rewards person, turn on your
10:12
Speaker 2: savings thing now for Christmas because you can turn it
10:14
Speaker 2: onto your points bank. So I'm not. I'm not. I'm
10:17
Speaker 2: a Coles girlie.
10:18
Speaker 4: I am a coldly I'm going to hack the fly
10:21
Speaker 4: By system this year. You best believe one pass. Watch out, Yeah,
10:24
Speaker 4: watch out for you. Watch out if you think I'm
10:27
Speaker 4: not going to abuse your system within the breadth that
10:29
Speaker 4: you've set.
10:30
Speaker 2: Yeah, she's milking it.
10:33
Speaker 4: Yeah, I'm going to milk it for all you are
10:35
Speaker 4: going to let me have It's excited, clever. Have you
10:38
Speaker 4: got some broke tips this week?
10:40
Speaker 5: Okay, So I don't know if anyone listened last week,
10:44
Speaker 5: you might have heard me mention I'm kind of doing
10:46
Speaker 5: some more hinge things this year, more unhinged than last.
10:50
Speaker 2: Year, more unhinged than last year.
10:51
Speaker 4: Would we be concerned for your mental health? Yeah?
10:53
Speaker 2: I think, so you let me know what you need,
10:56
Speaker 2: and I'm right here.
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Speaker 5: Well, this one actually comes from clothes. This one was unhinged,
11:01
Speaker 5: but I really like it. I know it's silly and.
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Speaker 4: Probably maybe still saving money. Yes, exactly, so clothes, there's unhinged.
11:08
Speaker 4: But put clothes that are too big in the dryer
11:10
Speaker 4: so they shrink and fit you better.
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Speaker 2: Honestly, I've done that, but honestly I do.
11:13
Speaker 4: That with my genes all the time. Like my jeans
11:16
Speaker 4: are one. It's too big because I ordered them on
11:18
Speaker 4: the Iconic and I couldn't be bothered returning them, and
11:20
Speaker 4: so I put them extra hot in the dryer and
11:22
Speaker 4: now they fit.
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Speaker 2: So yeah, personal, it's fantastic. Yes, there you go. I've
11:26
Speaker 2: really really back this.
11:27
Speaker 5: I think, don't buy new clothes, just keep drying them
11:31
Speaker 5: til they get small, like that Picasso. This next one
11:34
Speaker 5: comes from I believe the names Owen, but I could
11:37
Speaker 5: be wrong. So I care memberships are apparently free, and it
11:40
Speaker 5: means you can return your furniture within three hundred and
11:42
Speaker 5: sixty five days for a full refund if you do.
11:44
Speaker 2: I can't key membership.
11:45
Speaker 4: I don't know. So you're saying, if I'm moving to
11:47
Speaker 4: Melbourne for six months, I could dip my house out
11:49
Speaker 4: in I Care furniture then for genal That's what.
11:51
Speaker 2: I'm thinking, Never do that. Who's an option?
11:55
Speaker 5: It's an option, but genuinely that's what I'm thinking. I'm like,
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Speaker 5: you want to impress someone, you have someone coming over
12:01
Speaker 5: for a date. Now I've got my I K Calyx
12:03
Speaker 5: shelves with the tags still on.
12:06
Speaker 2: They're not coming off. Yeah, Like I think that's really really.
12:10
Speaker 4: I'm impressed totally. That's actually really good to know.
12:13
Speaker 2: And especially it's a big trip to IKr. So it's
12:15
Speaker 2: like if you go and you buy stuff and then
12:16
Speaker 2: you don't need it and you're like, well, I'm not
12:18
Speaker 2: going to get there for another six months.
12:20
Speaker 4: That's the time where you didn't measure your ceiling height
12:22
Speaker 4: and bought a Christmas tree that was too big?
12:24
Speaker 2: Is it like that arguably very comparable? Yes, I like it. Yeah.
12:29
Speaker 5: It's also like if you move into a house and
12:32
Speaker 5: then you leave after a year after your lease over,
12:34
Speaker 5: and you're like, oh, what do I do this stuff?
12:36
Speaker 5: I'm going to take it back to by K And
12:37
Speaker 5: then this next one comes from myself obviously, have you
12:40
Speaker 5: guys sort of mister Rebates.
12:42
Speaker 4: Not yet, but I'm sure you're going to teach us. Yeah,
12:44
Speaker 4: I think I myster rebates.
12:47
Speaker 2: I know it's like fun, it's giving mister minute.
12:49
Speaker 5: Yeah, yeah, I don't know what that is, but I'm like,
12:53
Speaker 5: is that a.
12:55
Speaker 2: Yeah? Okay, you only last time something of all able
13:02
Speaker 2: to use a slur. It's not just.
13:06
Speaker 5: No, but mister Rebate is very It's similar to your
13:09
Speaker 5: cash backs or your shot backs of the world things
13:11
Speaker 5: like that.
13:12
Speaker 2: Yes, okay, mister rebates, mister rebates.
13:14
Speaker 5: And I was like, I was just looking at it
13:15
Speaker 5: because I was like, oh, I need to buy some
13:17
Speaker 5: pre workout.
13:18
Speaker 2: There's no way my supplement store is going to be
13:20
Speaker 2: on here. It was the random stores.
13:23
Speaker 5: In't there that that like, it's just like you wouldn't
13:25
Speaker 5: no one's I've never heard of it.
13:27
Speaker 2: How did you find out about it?
13:28
Speaker 4: Because sometimes I feel like I live under a rock
13:30
Speaker 4: and I you know, obviously I am very privy to
13:33
Speaker 4: like shot back and cash rewards in all of those
13:34
Speaker 4: platforms because I use them and love them. I've like,
13:37
Speaker 4: sometimes I can't even remember how I found them. Where'd
13:39
Speaker 4: you find mister rebates?
13:41
Speaker 5: God, I got to tell you, I have not a
13:43
Speaker 5: single clue.
13:44
Speaker 2: It must have been like a TikTok. I think a
13:46
Speaker 2: TikTok to TikTok.
13:47
Speaker 4: It's changing lives.
13:48
Speaker 5: It's really like, I'm really on on money talk at
13:51
Speaker 5: the moment.
13:51
Speaker 4: Yeah, money talk is a good place to be. Yeah,
13:54
Speaker 4: I'm on cosmetic talk and I'd like to get off
13:56
Speaker 4: it because I keep buying more cosmetics.
13:58
Speaker 2: Mecca called me. How we change our algorithm? Anyway?
14:02
Speaker 4: You can reset your algorithm? How Yep, you can go
14:04
Speaker 4: in and completely clear your cage and like it will
14:07
Speaker 4: reset and give you a brand new for you page
14:10
Speaker 4: if you were sad for some reason.
14:11
Speaker 2: I don't want to do that.
14:13
Speaker 4: I want to lose it because I feel like it's
14:14
Speaker 4: reflective of my personalityxation.
14:16
Speaker 2: See that no one knows us like TikTok knows exactly.
14:19
Speaker 4: All right, let's go to a really quick break because
14:21
Speaker 4: on the flip side, we are going to be talking
14:23
Speaker 4: about a money dilemma, which this week is all about
14:25
Speaker 4: how to finance a removable home, And we're going to
14:28
Speaker 4: be chatting about something that you lead into our DMS,
14:31
Speaker 4: about ADHD tax and feeling like a burden on your partner.
14:35
Speaker 4: So guys, don't go anywhere Welcome back, everybody. Let's take
14:42
Speaker 4: a listen to this week's money dilemma. Hi, there, have
14:47
Speaker 4: you got a money dilemma you just can't solve. The
14:50
Speaker 4: Sheese on the Money team is here to help. Every
14:52
Speaker 4: week we tackle your dilemmas, both big and small, to
14:55
Speaker 4: answer your most burning money.
14:57
Speaker 2: Career and life questions.
14:58
Speaker 4: To get involved, we head to our website and leave
15:01
Speaker 4: us a short voice recording, and you might just find
15:03
Speaker 4: yourself on the show. Now, let's take a listen to
15:06
Speaker 4: this week's money dilemma.
15:10
Speaker 2: I vi Juria.
15:11
Speaker 7: I'm wondering if you should shed some light on removable homes.
15:15
Speaker 7: I'm looking at buying a few acres in the upcoming
15:18
Speaker 7: years as I have horses. However, there are some great
15:21
Speaker 7: block with night houses on them. I have briefly locked
15:24
Speaker 7: into removable homes through a local company and they seem
15:28
Speaker 7: somewhat affordable. I'm wondering how they work in regards to
15:32
Speaker 7: the mortgage and the loans I deal. I would like
15:35
Speaker 7: to buy the block and the house within a relatively
15:39
Speaker 7: closed time frame. I'm the first home over. Is it
15:43
Speaker 7: in the scope of a mortgage rife to it'ssis being
15:45
Speaker 7: a through removable home? As long as the block of wed.
15:49
Speaker 7: Do I get a mortgage that will cover both or
15:51
Speaker 7: will I need to have put warns for any information
15:54
Speaker 7: on removable homes and buying block would be great.
15:57
Speaker 2: Thank you, I got it, not a whole lot. I'm
16:00
Speaker 2: gonna be honest with you.
16:02
Speaker 4: Well, you've never mortgaged a removable.
16:04
Speaker 2: Home, and even no what a removable home was inuntil
16:07
Speaker 2: just then.
16:07
Speaker 4: Okay, So removable homes are increasing in popularity, which kind
16:11
Speaker 4: of makes sense.
16:12
Speaker 2: Because everything's so expensive.
16:15
Speaker 4: And this is you need to have a chat with
16:17
Speaker 4: a mortgage broker because a removable home could mean a
16:21
Speaker 4: plethora of different things, Like are you talking about like
16:24
Speaker 4: a caravan that you're going to put there, at which
16:25
Speaker 4: point you probably don't need counsel approval, But if you're
16:28
Speaker 4: going to put like a whole setup and plummet in,
16:30
Speaker 4: and it's like technically if you're home kind of like
16:32
Speaker 4: a tiny home, you're going to need counsel approval for that.
16:35
Speaker 4: So you're going to need to look into it. So
16:37
Speaker 4: we need to talk about what a broker would do.
16:41
Speaker 4: So land easy, bread and butter. We can get you
16:44
Speaker 4: land finance because it's a secure asset. It's quite hard
16:48
Speaker 4: to secure finance for the home because it's actually not
16:52
Speaker 4: that stable, Like it's not seen as an asset that
16:56
Speaker 4: they can flog off and get their money. But like
16:58
Speaker 4: the bank can't just liquidate it and get rid of it.
17:00
Speaker 4: And the other issue and the reason that a bank
17:04
Speaker 4: is very unlikely to connect the two so go, oh yeah,
17:07
Speaker 4: no worries because like stepping back for a minute, if
17:11
Speaker 4: you were asking a mortgage broker to help you finance
17:14
Speaker 4: a home and land package, is it great, We do
17:16
Speaker 4: that all the time. But you're asking a broker to
17:19
Speaker 4: help you finance a removable home which arguably adds no
17:22
Speaker 4: value to the land. And because it doesn't add any
17:25
Speaker 4: value to the land, the bank is very unlikely to go, yeah, sure,
17:30
Speaker 4: have even more money on this loan that is now
17:33
Speaker 4: not as secure as it was before.
17:35
Speaker 2: So even if it.
17:36
Speaker 4: Did add some value, the value would only be able
17:38
Speaker 4: to like be counted after the move had been completed,
17:42
Speaker 4: if that makes sense. So when you talk to a broker,
17:46
Speaker 4: obviously take everything with a grain of salt. All of
17:49
Speaker 4: these situations are going to be different, but they're going
17:52
Speaker 4: to be able to assess your personal situation and work
17:55
Speaker 4: it out. But the broker will probably have a look
17:58
Speaker 4: at financing the land and really bread and butter normal,
18:02
Speaker 4: then maybe trying to finance the tiny home via mortgage
18:05
Speaker 4: if that's an option, if it's seen as stable. We
18:08
Speaker 4: don't know, maybe there's some issues with how big it
18:11
Speaker 4: is and the footprint and whatnot, and you know how
18:13
Speaker 4: quote removable it is. But on the flip side, you
18:17
Speaker 4: might also need to go down a more unsecured finance
18:20
Speaker 4: root for that, or you might save up buy the
18:24
Speaker 4: property on finance and then use the cash that you
18:26
Speaker 4: have for the tiny home because often tiny homes are
18:29
Speaker 4: significantly cheaper than like proper homes. Right, So there are
18:32
Speaker 4: a lot of different options, but I think it's important
18:35
Speaker 4: to start conversations probably now with a broker around what
18:38
Speaker 4: that might look like, because the last thing you want
18:40
Speaker 4: is to find the perfect block of land and find
18:42
Speaker 4: the perfect home and then realize I actually can't finance
18:46
Speaker 4: any of this because the bank actually won't finance the
18:49
Speaker 4: home and I don't have the cash to do that,
18:51
Speaker 4: or I need all the cash to get the block
18:53
Speaker 4: of land as my deposit.
18:55
Speaker 2: Right, So just work out all.
18:56
Speaker 4: The moving parts and what that would look like, because
18:59
Speaker 4: they're all going to be very different, but I wouldn't
19:03
Speaker 4: be surprised if the route you go down is kind
19:05
Speaker 4: of like personal finance for the house in the same
19:08
Speaker 4: way that you might personally finance like a Winnebago or
19:11
Speaker 4: a caravan or something like that.
19:14
Speaker 2: There you go.
19:15
Speaker 5: I mean, like, whatever you do, good luck on your journey.
19:18
Speaker 5: It sounds like a really sounds like a really cool idea.
19:20
Speaker 5: I feel like I would like to in my head
19:22
Speaker 5: it was like a freedom right tent or something, but
19:26
Speaker 5: no fold up ten. It's a tiny hoe that makes
19:29
Speaker 5: so much sense. For some reason, I thought it was
19:31
Speaker 5: something like that, like something fold down. But that's really cool.
19:34
Speaker 5: I feel like the freedom to just be like, I
19:36
Speaker 5: don't want to live here anymore.
19:36
Speaker 2: Yea, yeah, doing whatever you want?
19:42
Speaker 7: All right?
19:43
Speaker 4: Do you want to get into this week's DM Absolutely?
19:45
Speaker 2: Of course you do. You ready? Yeah?
19:47
Speaker 4: Hey, she's on the money. I really need some advice
19:49
Speaker 4: because I feel like I'm letting my partner down. I
19:52
Speaker 4: have ADHD, and while there always are so understanding, I
19:55
Speaker 4: can't help but feel like a burden. We are always
19:58
Speaker 4: paying the ADHD tax because I forget to pay the
20:01
Speaker 4: bills on time, and then we get hit with fees,
20:03
Speaker 4: and I procrastinate on big purchases, so the price goes up.
20:06
Speaker 4: My partner has had to take over most of the
20:08
Speaker 4: financial management to keep us on track, and even though
20:12
Speaker 4: they never complain, I know it's exhausting for them. They're
20:15
Speaker 4: patient and supportive, but every time I mess up, I
20:18
Speaker 4: feel like I'm adding to their stress. It's hard to
20:21
Speaker 4: not feel inadequate when they're picking up the slack for
20:23
Speaker 4: something I know I should be better at. I want
20:26
Speaker 4: to contribute more and be a true partner, but I
20:29
Speaker 4: don't even know where to start. I just want to
20:31
Speaker 4: find a way to lighten their load without making things
20:34
Speaker 4: worse or feeling like.
20:35
Speaker 2: I'm failing them. That breaks my heart. You're feeling that way.
20:39
Speaker 2: That sucks. Yeah, I get that.
20:41
Speaker 5: I live adhd Well, that's it exactly exactly I think.
20:45
Speaker 5: With my partner Jess, I'm like constantly, like constantly barking
20:49
Speaker 5: on about mental load, mental load, and like she's very
20:53
Speaker 5: organized and things like that. So I'm like hyper aware
20:55
Speaker 5: of that and I don't want her to like take
20:57
Speaker 5: on more than she needs to. I don't want to
20:59
Speaker 5: like stress or exhausts her. She is just naturally better
21:02
Speaker 5: at those things. That's something you must keep in mind
21:03
Speaker 5: that if your partner does not have ADHD, maybe they're
21:06
Speaker 5: this kind of stuff like life admin and stuff might
21:09
Speaker 5: not stress them out.
21:10
Speaker 2: As much as someone who does have ADHD.
21:13
Speaker 5: So that's something to keep in mind, but not to
21:16
Speaker 5: say that don't worry about it, that'll be fine.
21:18
Speaker 4: They can deal with that kind of thing. Just to
21:20
Speaker 4: say that you can wear this much too, yeah, totally.
21:23
Speaker 4: Well that's just me, that's just how I am.
21:26
Speaker 5: Yeah, totally totally, so I can completely understand that. But yeah,
21:30
Speaker 5: I think when you are conscious of a mental load
21:32
Speaker 5: and then you're like, I'm going to make sure I'm
21:34
Speaker 5: really good at this.
21:35
Speaker 2: I'm going to make sure that I remember this, and.
21:37
Speaker 5: Then you just consistently are like, oh crap, this person
21:40
Speaker 5: had to remind me to do this or whatever.
21:42
Speaker 2: It's like, I feel like I'm failing.
21:43
Speaker 5: But I'm curious to know if this If our listener
21:46
Speaker 5: has any kind of like For example, for me, I
21:49
Speaker 5: have Google calendar that sink also to my phone. I
21:53
Speaker 5: check it every day, and also have like an everything
21:55
Speaker 5: literally list that says everything every day and it's every
21:58
Speaker 5: single thing I have to do every single day, including
22:01
Speaker 5: brushing my teeth, including I'm impressed every sability, yeah, and
22:06
Speaker 5: everything I need to check like petrol, everything, everything, because
22:10
Speaker 5: there's something that's going to be lacking and I'm going
22:12
Speaker 5: to forget about it for months. And so I wonder
22:16
Speaker 5: if our listener has any of those, like alarms to
22:19
Speaker 5: alarms constantly going off on my phone for things like
22:21
Speaker 5: I just dismissed No, so that doesn't work for me.
22:23
Speaker 2: That's fair final work.
22:25
Speaker 4: But the list thing, that's why I'm known for my
22:27
Speaker 4: cleaning schedule. Like people are like, oh my gosh, V
22:31
Speaker 4: so organized. No, V so disorganized. That's why she needs
22:35
Speaker 4: a whole schedule. This is when this has to happen.
22:38
Speaker 4: And this is when this has to happen, because like
22:39
Speaker 4: I get overwhelmed, and so if you said, hey, they
22:42
Speaker 4: on Tuesday you have to clean the house where yeah,
22:45
Speaker 4: oh my god, you start get analysis paralysis and then
22:49
Speaker 4: you know what we're doing. We're actually just going to
22:51
Speaker 4: organize the cosmetics. Yeah, we're actually just gonna pull the
22:56
Speaker 4: entire laundry apart and reassemble it. And then you're going
23:00
Speaker 4: to come home and did I'm mop the floors? Absolutely not.
23:03
Speaker 4: But look at this other thing that I did pantry organization, Stella.
23:08
Speaker 4: Why is the bathroom an absolute mess?
23:11
Speaker 2: Victoria. Yes, the priorities are off. That is why I
23:14
Speaker 2: need a whole schedule.
23:15
Speaker 4: If this is what happens on a day to day basis,
23:18
Speaker 4: this is what happens on a week to week basis,
23:20
Speaker 4: and every month, this is what I do because when
23:22
Speaker 4: I'm feeling overwhelmed, I go back to my list. And
23:24
Speaker 4: I think that that is a really great coping tool
23:28
Speaker 4: for ADHD because then your job is to just check
23:31
Speaker 4: the list. And in this situation where you're managing finances,
23:36
Speaker 4: maybe you need to write a list of like every
23:38
Speaker 4: week I pay for netball, and every month I pay
23:40
Speaker 4: my phone bill, and like you have a date that
23:42
Speaker 4: you go through and check and pay those things. So
23:44
Speaker 4: instead of like, oh, every week, I will make sure
23:47
Speaker 4: that I check X, like you know what date it
23:49
Speaker 4: comes in, so on that week that gets paid on
23:51
Speaker 4: that date. How I do manage it just as somebody
23:54
Speaker 4: who doesn't struggle with these things.
23:56
Speaker 2: No, I think for most people that exist somewhere obviously,
24:00
Speaker 2: neurodivergens is a spectrum. There's so many different things, and
24:02
Speaker 2: I think a lot of what can be done regardless
24:06
Speaker 2: of you know what kind of point of difference you
24:08
Speaker 2: have is finding coping mechanisms that work for you. So
24:11
Speaker 2: you've both just listed two different you know, types of
24:13
Speaker 2: or ways of doing things that work really well for
24:15
Speaker 2: you guys. They might not work for somebody else. But
24:17
Speaker 2: I think it's about a little bit of trial and error,
24:20
Speaker 2: like trying list error is trying, you know, remind us
24:23
Speaker 2: of your phone trying like some people use what is
24:26
Speaker 2: it like audio, some kind of audio thing. Like, there's
24:30
Speaker 2: lots and lots of different things out there, and I
24:32
Speaker 2: think it's largely about finding what works for.
24:34
Speaker 4: You to do, because it's like the alarm thing you
24:36
Speaker 4: said that worked for you.
24:37
Speaker 2: I tried all idea, and.
24:39
Speaker 4: It's not because I think I'll switch it off. It's
24:41
Speaker 4: because I put all the alarms. I went in and
24:43
Speaker 4: I set them all up. Because like one thing that
24:45
Speaker 4: we're good at is like the motivation at the start
24:48
Speaker 4: to get it all organized. Did that and then I
24:50
Speaker 4: see it pop up and I'm like, I don't want
24:51
Speaker 4: to do that, dismiss and then I never think about
24:54
Speaker 4: it ever again.
24:54
Speaker 2: Yeah, there's trial and error to find what works for you.
24:56
Speaker 2: I also think perhaps automation of your bank account so
24:59
Speaker 2: having money ortomatically debit from one plate, you know your money.
25:02
Speaker 2: Maybe you have a bill's fund. Yeah, all your bill's
25:03
Speaker 2: autod debbit out of there, and it's set up so
25:05
Speaker 2: you actually can be quite hands off, but everything goes
25:08
Speaker 2: where it needs to go, so it can debit and
25:10
Speaker 2: you can do that.
25:11
Speaker 4: I think a lot of people assume that, Oh, if
25:13
Speaker 4: the you know, phone company, for example, didn't offer a
25:16
Speaker 4: direct debit option, I can't do that, like I have
25:18
Speaker 4: to manually do it. But you can go into your
25:20
Speaker 4: bank account and set up an automatic transfer on a
25:23
Speaker 4: particular date to a specific account number and BSB code
25:27
Speaker 4: or a bpay reference like and you could go, okay, well,
25:31
Speaker 4: every month, I know that my phone bill is thirty
25:33
Speaker 4: five dollars, so two days after the bill comes in,
25:37
Speaker 4: in my head, I'm going to set up that automatic
25:39
Speaker 4: thing and then if I go over then at least
25:42
Speaker 4: I know.
25:42
Speaker 2: The base bill is covered. Yeah.
25:44
Speaker 4: So I think that that is a really good wages
25:46
Speaker 4: of automating things because it's like one and done. You
25:48
Speaker 4: set it all up and then just check in on
25:50
Speaker 4: it every couple of months to make sure that things
25:53
Speaker 4: haven't changed and they're still going through and like, that's
25:55
Speaker 4: a good idea. Yeah.
25:57
Speaker 2: The other thing I would say is, like I guess
25:59
Speaker 2: the moretional aspect of it is I would remind you
26:02
Speaker 2: that a partnership is exactly that, Like there's it's give
26:06
Speaker 2: and take, and so it's filling the gaps, you know,
26:09
Speaker 2: of where the other might have. What is a mental
26:11
Speaker 2: crack for you might be something that's so simple for
26:13
Speaker 2: your partner. So rather than feeling like you're a burden,
26:15
Speaker 2: which I'm sure that you're not, I would say, what
26:18
Speaker 2: are your strength what are your strong suits? Like, I'm
26:20
Speaker 2: sure that there are things that you're really good at.
26:22
Speaker 2: Do you get your you know, hyper fixated and a
26:24
Speaker 2: cleaning task? Can you once a month do a deep
26:27
Speaker 2: clean of a part of the house, or can you
26:30
Speaker 2: take on, you know, yard duties, or can you walk
26:32
Speaker 2: the dog every day? Or is there something that you
26:35
Speaker 2: can do with you know, within the realm of what
26:37
Speaker 2: needs to be done as a part of your partnership,
26:39
Speaker 2: within the household that you can take on that then
26:42
Speaker 2: comes off your partner's plate. Because I think it's all
26:44
Speaker 2: about balance and just because you know, you feel like
26:47
Speaker 2: they're taking a lot of the mental load. I think
26:49
Speaker 2: it's really kind that you're so aware of this and
26:51
Speaker 2: wanting to make sure that it's good and that's awesome,
26:53
Speaker 2: but also give yourself some grace and know that there's
26:55
Speaker 2: absolutely somewhere within the relationship that you can add value
26:59
Speaker 2: and that you can do whatever what you're really good at.
27:01
Speaker 2: And I think that you know you've said your partner
27:03
Speaker 2: doesn't complain, they love you, right, Like, at the end
27:06
Speaker 2: of the day, we.
27:07
Speaker 4: Love my partner, and I still complain. So interesting, but
27:10
Speaker 4: we you know, a.
27:11
Speaker 2: Partnership is appreciating someone good and bad. You're seeing arguably
27:17
Speaker 2: the worst, probably.
27:17
Speaker 4: Got some things that they're like, oh my god, I
27:19
Speaker 4: wish I was better at XYZ for my partner, So.
27:23
Speaker 2: Talk to them, be like what can I do? Like,
27:24
Speaker 2: what's something like if it's not finding you know, if
27:27
Speaker 2: you get to the point where say I've tried all
27:28
Speaker 2: the things, I've set the alarms, I've done the bladh
27:30
Speaker 2: lah dah, and it just doesn't work for me, go Okay,
27:33
Speaker 2: what's a different area that I can focus on that
27:35
Speaker 2: I can then add my own value? And I think
27:38
Speaker 2: that's very valid and fair too. Yeah, no, I like it,
27:40
Speaker 2: we very well said. Yeah.
27:41
Speaker 4: We did also ask the community. So we said, in
27:43
Speaker 4: your relationships, how has managing finances worked. Fifty five percent
27:48
Speaker 4: of you said, one person naturally takes charge.
27:51
Speaker 2: I think that's very common.
27:52
Speaker 4: Twenty nine percent of you said it's usually shared pretty evenly,
27:54
Speaker 4: and sixteen percent of you said, I've only ever managed
27:57
Speaker 4: my own. We then asked how if you ever felt
28:00
Speaker 4: like you're letting down your partner financially. Thirteen percent of
28:04
Speaker 4: you said, oh, my god, all the time, thirty five
28:07
Speaker 4: percent of you said yeah, sometimes, and fifty two percent
28:10
Speaker 4: of you said no, I'm pretty on top of everything.
28:12
Speaker 2: Wow. Okay, she's on.
28:13
Speaker 4: The muddy clean like a sligh but for this community member,
28:17
Speaker 4: not relatable. We then said, all right, what are your
28:19
Speaker 4: two cents? One person said, try out a money date
28:23
Speaker 4: every so often and do it together. Automation is going
28:26
Speaker 4: to be the best hute. Someone else said, their partner
28:29
Speaker 4: sounds like a gem. It's okay to have different strengths
28:31
Speaker 4: in a relationship. Someone else said, your ADHD isn't a burden.
28:35
Speaker 4: It makes you caring and special and that is so valuable.
28:39
Speaker 2: I love that.
28:39
Speaker 4: Ye I love that too, but I'm not gonna lie
28:43
Speaker 4: my ADHD. It's a superpower. It's fantastic. It's also a burden, Like,
28:48
Speaker 4: don't get me wrong. Like on one side, I'm like, oh,
28:52
Speaker 4: it's why I'm as successful as I am, and it's
28:55
Speaker 4: why I get to do what I do, and it's
28:56
Speaker 4: why I you know, function well in all these spaces.
28:59
Speaker 4: But like, my gosh, it is a burden on the
29:02
Speaker 4: flip side. And I'm not disagreeing with you. This is
29:04
Speaker 4: a really nice sentiment, but to sometimes say like, oh,
29:07
Speaker 4: it's not a burden at all, Like, girlfriend, I'm stressed.
29:10
Speaker 2: That is a burden, Like.
29:12
Speaker 4: I just need to work through it, and I just
29:14
Speaker 4: need a framework or a structure that works for me.
29:16
Speaker 4: And it's work to then get to that framework or structure,
29:19
Speaker 4: because it's so disheartening when you try something right, like
29:21
Speaker 4: when you go through your phone and you set up
29:23
Speaker 4: all the alarms so that everything happens, and then you
29:27
Speaker 4: literally it just doesn't work, and you're like, nothing's gonna work.
29:30
Speaker 4: You just need to like have a bit more grit, Yeah,
29:32
Speaker 4: try and try again and find another solution, because I
29:35
Speaker 4: promise there'll be one that fits. It just might not
29:36
Speaker 4: be that one. Yeah, someone else said I feel like
29:40
Speaker 4: this with my chores. I have ADHD and struggle with
29:43
Speaker 4: day to day stuff ADHD can be exhausting. Do you
29:47
Speaker 4: know what I'm seeing is that a lot of people
29:50
Speaker 4: are saying, like I'm really struggling with it, medication is
29:55
Speaker 4: not always the answer, going and seeing somebody and talking
30:01
Speaker 4: about like ways to manage it. Yeah, like a therapist,
30:04
Speaker 4: a psychologist, a psychiatrist, Like my entire life is different.
30:10
Speaker 4: Like I'm talking about medication here because that's the one
30:13
Speaker 4: thing that has really really worked for me. But just
30:16
Speaker 4: like my days are different when I'm medicated and when
30:20
Speaker 4: I'm not. My team you guys know, I walk into
30:24
Speaker 4: the studio jess lgo you're not medicated today, I'd be
30:27
Speaker 4: like pounded, you're not And.
30:29
Speaker 2: I'm like halfway up the wall. Oh, you just had
30:36
Speaker 2: a different handbag today to ADHD.
30:40
Speaker 4: And I'm not saying that that's right or wrong, but
30:43
Speaker 4: there are lots of different coping mechanisms, and if you're
30:46
Speaker 4: really struggling, please reach out for help and support and
30:49
Speaker 4: ask for it. Because when people are like, oh, I
30:51
Speaker 4: feel like this with chores, like you don't have to
30:55
Speaker 4: feel like that with chores. You don't have to feel
30:57
Speaker 4: like that with your partner, Like you don't have to
30:59
Speaker 4: feel like a burden, Like there are solutions that you
31:02
Speaker 4: can look into, and lots of people are going to
31:04
Speaker 4: be like, oh, I don't want medicate, You don't need medication.
31:06
Speaker 4: There are lots of things that you can do that
31:09
Speaker 4: would help here, but a lot of it involves professional intervention.
31:12
Speaker 2: Yeah, it's been intersessional. Explore your options and if you
31:14
Speaker 2: know whether or not you take them, it's up to you.
31:16
Speaker 4: Yeah, someone else said, as an ADHD queen, as soon
31:19
Speaker 4: as I get a bill, I have to pay it instantly.
31:20
Speaker 4: Direct debit is also a god sent someone else said, automate, automate, automate,
31:25
Speaker 4: and I put reminders for three times in my phone
31:28
Speaker 4: for everything else.
31:29
Speaker 2: Yes, you.
31:33
Speaker 4: Mean someone else said, please be kind to yourself. Money
31:37
Speaker 4: is hard for everyone at some time in life. It's
31:39
Speaker 4: all in communication with your partner. I think that one's
31:42
Speaker 4: the perfect one to end on.
31:43
Speaker 2: Yeah.
31:44
Speaker 4: Greatious, Oh my gosh, have the best day, guys. I'm
31:47
Speaker 4: so glad to be back. If you haven't been following along,
31:50
Speaker 4: we still have the thirty day Reset going on online
31:53
Speaker 4: and it is available to sign up for for all
31:55
Speaker 4: of January. So if you've been thinking about kick starting
31:58
Speaker 4: your finances or just get on track, or even just
32:01
Speaker 4: joining a community of women who just want better for themselves,
32:04
Speaker 4: like we're just doing stuff when we're getting it done,
32:06
Speaker 4: like thirty day reset, I can't think of something sexier.
32:09
Speaker 2: At the start of the year. So motivating exactly.
32:12
Speaker 4: And if you also were like, oh, I'm going to
32:13
Speaker 4: set goals at the start of the year and then
32:15
Speaker 4: you didn't do it, like there's still time, I have
32:17
Speaker 4: got you. But anyway, guys, have the best day and
32:19
Speaker 4: we'll see you bright early on Monday for a money
32:21
Speaker 4: diary by guys.
32:23
Speaker 2: Bye.
32:29
Speaker 4: The advice shared on She's on the Money is general
32:31
Speaker 4: in nature and does not.
32:32
Speaker 2: Consider your individual circumstances.
32:35
Speaker 4: She's on the Money exists purely for educational purposes and
32:38
Speaker 4: should not be relied upon to make an investment or
32:41
Speaker 4: financial decision. If you do choose to buy a financial product.
32:44
Speaker 6: Read the PDS TMD and obtain appropriate financial.
32:48
Speaker 4: Advice tailored towards your needs.
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Speaker 6: Victoria Divine and She's on the Money are authorized representatives
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