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Transcript

3 Habits Keeping You Broke · Two Broke Chicks

0:00
Speaker 1: This podcast is recorded on gaddigal Land Always was, always
0:03
Speaker 1: will be Aboriginal Land.
0:11
Speaker 2: Hey Jicks, I'm out and I'm sal And this is
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Speaker 2: two Road Chicks, the show that shares tips and life
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Speaker 2: that seems to make you reach in a life and
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Speaker 2: welcome back babies. Today we are going to talk about
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Speaker 2: the three habits that are keeping you broke and you
0:26
Speaker 2: guys love the money apps, but the girlypop money apps,
0:29
Speaker 2: so that girl finances if you will, and so we're
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Speaker 2: going to jump straight into that. But before we do,
0:35
Speaker 2: we are going to talk about our obsession of the week.
0:39
Speaker 2: These are my obsessions. All right, let's go sour. What
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Speaker 2: are you obsessed with?
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Speaker 3: Okay, this is so random, but this is one of
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Speaker 3: my comfort TikTok accounts that I like to.
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Speaker 4: Follow and enjoy.
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Speaker 3: His account called the Nitro Bar and it's a coffee
1:00
Speaker 3: shop in Rhode Island.
1:02
Speaker 2: Oh I think, I know, I think I've seen this.
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Speaker 3: Yeah, And they have like an amazing TikTok strategy and
1:09
Speaker 3: they'll often be like Charlie XCX walks in what are
1:12
Speaker 3: you gonna make her? And then the brustol will be like,
1:15
Speaker 3: I'll make her a blueberry marcher with.
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Speaker 4: Blah blah blah, or they'll be like, you're ex, who
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Speaker 4: did you dirty walked in? What are you going to make?
1:25
Speaker 2: What was that one?
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Speaker 4: It'll be like something that would make you shit your
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Speaker 4: hats in thirty seconds, Like it would be something like that.
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Speaker 2: That's my coffee every morning.
1:34
Speaker 4: Yeah, literally, I'm like, oh, so a nice latte.
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Speaker 3: But anyway, the night trobar, They're just like, the team
1:40
Speaker 3: is so cute, the drinks and food looks amazing, and
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Speaker 3: I don't think it's in Rhode Island.
1:45
Speaker 2: We'll put on the bucket leader. Yeah.
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Speaker 3: I don't think I ever really wanted to go to
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Speaker 3: Rhode Island or it was never, you know, like on
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Speaker 3: my immediate hit list, but I'm like, I feel like
1:54
Speaker 3: it is now because I'd need to go be friends
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Speaker 3: with them and eat the delicious bagels.
2:00
Speaker 2: I know what they would make you.
2:01
Speaker 4: What's yours?
2:02
Speaker 2: Okay? This one's really simple, and it's basically like a
2:04
Speaker 2: lazy girl beauty hack that I've started incorporating into my
2:08
Speaker 2: routine because doing anything I put off for maybe like
2:12
Speaker 2: two to three months seventy five business days, and that
2:16
Speaker 2: includes moisturizing, like moisturizing as a task is just a
2:19
Speaker 2: massive pain in the ask. Yeah, pod, And so this
2:24
Speaker 2: hack is basically to incorporate oil in the shower. So
2:30
Speaker 2: when you finish your shower, you put body oil on
2:33
Speaker 2: when your skin is still wet and then you dry.
2:37
Speaker 2: And my skin is so soft, and I had this
2:41
Speaker 2: oil sitting next to my bed. Its like if I
2:44
Speaker 2: put it next to my bed, I'll put it on
2:45
Speaker 2: before bed. That wouldn't happen.
2:47
Speaker 4: Well because you don't want to put an oil on
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Speaker 4: and then get into bed.
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Speaker 2: But then as well, I don't want to put an
2:51
Speaker 2: oil on and then put clothes on, So like when
2:54
Speaker 2: is the good time to do it? Yeah, Like it's
2:56
Speaker 2: really good to hydrate your skin, especially because we've just
2:58
Speaker 2: had winters. So it's like yeah, but literally put it
3:02
Speaker 2: in the shower. Use your body oil in the shower,
3:05
Speaker 2: and you will be ready to slip and slide and
3:08
Speaker 2: do the huller. It is amazing.
3:10
Speaker 3: And a good body oil usually like soaks in pretty
3:12
Speaker 3: quickly as well, so you have to wait around for
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Speaker 3: ages to pjs on.
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Speaker 4: Do you know who does that? Kylie Jenner.
3:20
Speaker 2: And Chloe Kardashian.
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Speaker 4: I remember seeing like a cliff on TikTok.
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Speaker 3: Of them talking about like their body moisturizer routine or
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Speaker 3: the shower routine or something, and I swear they both
3:30
Speaker 3: said that they do that, and then they both they.
3:32
Speaker 4: Follow up with a moisturizer as well.
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Speaker 3: But I think if you struggle to put that into
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Speaker 3: your routine, I haven't needed in the shower, it's good.
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Speaker 4: I like the Frank Bod body oil.
3:40
Speaker 2: Yes, but that one's really good. I used that to
3:43
Speaker 2: the last drop. Yeah that was good. But yeah, So
3:45
Speaker 2: that's what I would recommend everyone give a little go
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Speaker 2: love it.
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Speaker 3: It's get into the episode.
3:55
Speaker 2: Oh riety. So the three habits keeping you break? So
4:00
Speaker 2: these are like three very very easy, under the radar
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Speaker 2: things that we have all been guilty of. So this
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Speaker 2: is not a witch hunt. This is a community of
4:11
Speaker 2: witches of black mind.
4:13
Speaker 4: This is a coven.
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Speaker 2: So this is not a witch hunt. This is a
4:17
Speaker 2: witch coven of broke chicks. And there's I reckon I
4:23
Speaker 2: have done all of these. That's why thought them single one. Yeah,
4:28
Speaker 2: because we were like, what are the three things that like?
4:31
Speaker 2: And you know what, it's work in progress. Like, you
4:33
Speaker 2: don't just immediately become good at your finances. It's a skill.
4:37
Speaker 2: You grow and you build. So we'll get into the
4:39
Speaker 2: first one and it is the treat yourself mentality. Yep.
4:45
Speaker 2: So this is the first of the three habits that
4:48
Speaker 2: are keeping you broke. And as much as I love
4:51
Speaker 2: that scene in Parks and Racks where they're going treat
4:54
Speaker 2: yourself and it's like broken with your boyfriend, had a
4:58
Speaker 2: bad day at work, treat yoursel had a minor inconvenience,
5:02
Speaker 2: I love that and I do think it's true. And
5:04
Speaker 2: I don't think this message and we'll go into it.
5:08
Speaker 2: It's not saying you're never ever allowed to treat yourself, right,
5:11
Speaker 2: So yeah.
5:13
Speaker 3: Basically it's like you don't have to buy yourself something
5:18
Speaker 3: to reward yourself every single time you feel good or
5:23
Speaker 3: mad or sad or angry or happy. Yeah, Like it
5:26
Speaker 3: doesn't have to go like that doesn't have to be
5:28
Speaker 3: your go to respond.
5:30
Speaker 4: It's fun.
5:31
Speaker 2: I'll validate your h like I'll validate you, but it's
5:36
Speaker 2: keeping it's keeping you broke, and I think that as well.
5:40
Speaker 3: It's all a part of incorporating to treat yourself as
5:43
Speaker 3: part of your budget and having that be one small
5:47
Speaker 3: part because we can't have our entire budget just going
5:50
Speaker 3: towards the essentials in life, because that's boring, no, And
5:55
Speaker 3: that's why a lot of people don't stick to their
5:58
Speaker 3: budget because it's so regulated.
6:00
Speaker 2: It's so it's not going to anything that fills your cup.
6:04
Speaker 2: And again, like we say, paying your rent and paying
6:06
Speaker 2: your bills and all of that stuff is very important.
6:09
Speaker 2: And like the best investment you make is you know
6:11
Speaker 2: your rent because that's your home and that's where you
6:13
Speaker 2: feel safe and you feel cozy and rested. But you
6:16
Speaker 2: do need to have like your fun budget or you
6:19
Speaker 2: treat yourself budget. However, some that's when it becomes blurred
6:24
Speaker 2: when we don't have a treat yourself budget, or we
6:28
Speaker 2: just limit ourselves and then we just splur. You don't
6:32
Speaker 2: give yourself a cap exactly. I did see a stat
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Speaker 2: that said that we are willing to spend thirty percent
6:39
Speaker 2: more when we are sad.
6:42
Speaker 3: How wild is that that adds up?
6:45
Speaker 2: Right?
6:47
Speaker 4: Where are the results?
6:48
Speaker 1: Yeah, so if.
6:49
Speaker 2: You're shopping when you're sad, you will spend thirty percent
6:52
Speaker 2: more on something uck to like treat yourself or be
6:55
Speaker 2: like I deserve it and fucking mood. Been there, done
6:59
Speaker 2: that multiple times.
7:01
Speaker 3: That's why it's so important to know what your spending
7:03
Speaker 3: triggers are yeah, and knowing that. Okay, I'm in a
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Speaker 3: sad mood. Am I buying this because I genuinely need
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Speaker 3: it and genuinely want it?
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Speaker 4: Or am I depressed?
7:13
Speaker 2: Can I talk about a treat your self experience that
7:17
Speaker 2: we had?
7:17
Speaker 4: Yeah?
7:17
Speaker 2: Sure, okay. The year was twenty twenty oh no, COVID
7:21
Speaker 2: was hitting Our office had just been shut down. Sal
7:25
Speaker 2: and I were in the Westfield food court. I was
7:28
Speaker 2: eating a luxA. She was having some form of Mexican food.
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Speaker 4: Sounds about right.
7:33
Speaker 2: We weren't speaking for about an hour because the existential
7:37
Speaker 2: crisis valid was real. This was like the.
7:39
Speaker 4: Fifteenth of March twenty twenty or something.
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Speaker 2: And after maybe thirty minutes of silence of just eating
7:46
Speaker 2: our food and being like, what's going on, Soa goes,
7:50
Speaker 2: We've got to go to Mecca. I've got to control something.
7:54
Speaker 2: So we went to Mecca the day before we went
7:57
Speaker 2: into lockdown, and Soald just like.
8:00
Speaker 3: I bought like a colorful eyeshadow palett. Yeah, I didn't
8:04
Speaker 3: use that literally by the time I was able to
8:07
Speaker 3: get out of like, I really should have bought like
8:10
Speaker 3: a face mask or something.
8:12
Speaker 2: How were you supposed to know?
8:13
Speaker 4: That we were about to be lost up the pandemic.
8:17
Speaker 2: That is an example of treat I also thought it
8:23
Speaker 2: was really cool because part of this study though, which
8:26
Speaker 2: I think we could lean into maybe the emotional spending
8:30
Speaker 2: the videos, is that it was also talking about the
8:34
Speaker 2: happy emotions that come with shopping, but not from spending
8:38
Speaker 2: but from rejecting items. Yeah. That it was like people
8:42
Speaker 2: feel really happy to be like, no, I don't want that.
8:46
Speaker 2: But I was like, maybe we need to lean into that.
8:48
Speaker 2: And that's something that you can incorporate if you are
8:50
Speaker 2: a bit of a treat yourself girly being like do
8:52
Speaker 2: you know what? And that's why like the pinterest shopping
8:54
Speaker 2: is good and also the wishless shopping is good. Yeah.
8:57
Speaker 2: So it's like when you just add things to your
8:59
Speaker 2: wishless not to your cart, or when you make a
9:01
Speaker 2: pinterest board and it like swaps out and you still
9:04
Speaker 2: get that like mm, but it's like window shopping, yeah,
9:07
Speaker 2: one hundred percent. Yeah, Oh my god, that's so true
9:10
Speaker 2: because you know what, there's We've said this before, but
9:13
Speaker 2: there really is no better feeling than walking away from
9:17
Speaker 2: a purchase and then a week later being like I'm
9:20
Speaker 2: so glad. I didn't buy it the best, And there's
9:22
Speaker 2: nothing worse than when you do buy something and you
9:26
Speaker 2: think about it and you're like, fuck, I really shouldn't
9:29
Speaker 2: have bought that.
9:29
Speaker 4: Yeah.
9:30
Speaker 2: Yeah, And I think there are ways to treat yourself
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Speaker 2: that won't keep you broke, like splurging mindfully, like actually
9:37
Speaker 2: being like I've wanted this for ages and I have
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Speaker 2: saved a little bit or been like I know that
9:42
Speaker 2: I've wanted this isn't like a knee jerk reaction. Yeah,
9:46
Speaker 2: And knowing those purchases, if it's something that's come to
9:48
Speaker 2: you within twenty four hours and it's really backed by
9:51
Speaker 2: an emotion or something like that, you know that it's
9:55
Speaker 2: a bit of an impulse by I think also what
9:58
Speaker 2: helps me is thinking about what the amount could alternatively buy.
10:03
Speaker 2: So if it's like, you know, two hundred dollars, two
10:06
Speaker 2: hundred dollars is my groceries for the week, yeah, versus
10:09
Speaker 2: like this one thing, and like do I already own
10:12
Speaker 2: something like it? Yeah?
10:13
Speaker 3: Do I already have something that serves that same purpose exactly?
10:18
Speaker 2: And then the ass The last but not least, would
10:33
Speaker 2: be to think about the last clean out you had
10:36
Speaker 2: to do. This is a experience think about the last
10:40
Speaker 2: time and how long that like garbage bag of clothes
10:43
Speaker 2: sat in the back of your car until you took
10:46
Speaker 2: it to Vinnie's and had to listen to you belting
10:48
Speaker 2: out bon Jovi for eight months before you finally took
10:52
Speaker 2: it to Zavos. That was a bit niche actually, for
10:59
Speaker 2: whatever choice whatever. But yeah, I think about like your
11:04
Speaker 2: laundry and it's just more shit that you've got to
11:06
Speaker 2: find somewhere to put it.
11:07
Speaker 4: Yeah, I think it's always compling all the time.
11:10
Speaker 3: Like as somebody who lives in a one bedroom, small apartment,
11:14
Speaker 3: I'm like, realistically, where will I fit this?
11:17
Speaker 4: Where I saw this?
11:18
Speaker 2: Think about how hard it is to sell your clothes online.
11:21
Speaker 3: You got to do the one in, one out. Yeah,
11:22
Speaker 3: if I'm buying this, what like what will I have
11:25
Speaker 3: to get rid of?
11:25
Speaker 2: I think with this one is that you will be
11:28
Speaker 2: broke forever. If you always seek validation from external sources,
11:33
Speaker 2: you will spend thousands on the way that you look
11:36
Speaker 2: and hundreds on the latest trend. But the moment you
11:40
Speaker 2: find positivity and rest and validation in yourself and the
11:44
Speaker 2: everyday life, you will not only enrich your life but
11:48
Speaker 2: your bank account to put.
11:49
Speaker 4: That I want that whole thing.
11:52
Speaker 2: But yeah, I just think that's a really important thing
11:54
Speaker 2: because it is so easy to seek validation and confidence
12:01
Speaker 2: from external sources. And if you are constantly doing that
12:04
Speaker 2: as a treat yourself and you don't learn how to
12:07
Speaker 2: find things to lift your mood or make you feel
12:10
Speaker 2: good or make you feel nice, and that's always from
12:13
Speaker 2: something new that is exhausting.
12:15
Speaker 3: Yeah, it's just a toxic cycle that will never work out.
12:19
Speaker 2: Well, yeah, what's something that is a treat yourself? That
12:23
Speaker 2: doesn't mean you buy something that you do sleep in
12:27
Speaker 2: love that. Yeah, that is an amazing treat yourself. What
12:31
Speaker 2: about you read my book?
12:34
Speaker 4: Yeah?
12:34
Speaker 2: So good. Yeah.
12:35
Speaker 4: The both things that are just like entirely for yourself.
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Speaker 3: Yeah, which I love, and solo activities you don't have
12:40
Speaker 3: to rely on anybody else.
12:41
Speaker 2: On the other one is like a sunrise or a
12:44
Speaker 2: sunset or an ocean swim. Our next habit that is
12:49
Speaker 2: keeping you broke. It's the convenience tax versus the lazy tax.
12:55
Speaker 1: Kick us off here, Sally Baddy, m hm.
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Speaker 3: So the lazy tax usually refers to the extra fees
13:02
Speaker 3: or costs that you'll pay when you don't negotiate a
13:05
Speaker 3: better deal, or compare your options, or do whatever little
13:09
Speaker 3: bit of extra work it takes to get a better deal,
13:13
Speaker 3: Whereas the convenience tax refers to the extra money that
13:18
Speaker 3: you're willing to spend to save time or a headache
13:23
Speaker 3: or get some extra convenience.
13:26
Speaker 2: The convenience tax is worth it like the convenience to
13:31
Speaker 2: a point. Yet, for example, my favorite example of the
13:34
Speaker 2: convenience tax is and this is probably part of growing up,
13:38
Speaker 2: because when I was twenty, this would look like a
13:40
Speaker 2: different situation. Right, Yeah, but the convenience tax is looking
13:44
Speaker 2: at flights, right, and there's a six am flight which
13:48
Speaker 2: is one hundred dollars cheaper than the ten am flight,
13:52
Speaker 2: or let's even say the five pm flight. Right, the
13:55
Speaker 2: five pm flight costs one hundred dollars more than the
13:59
Speaker 2: six am flight. And in that moment, I'm like, I
14:01
Speaker 2: don't want to pay one hundred dollars more. Yeah, Like,
14:04
Speaker 2: I'll just you know what, I'll just it's one morning,
14:06
Speaker 2: I'll get up early. It'll be fine that morning. Then
14:09
Speaker 2: comes it's the night before. I haven't packed because.
14:11
Speaker 4: Don't be picked in.
14:12
Speaker 2: Hello, my nails need to be done because I've left
14:15
Speaker 2: that to the last minute.
14:16
Speaker 4: And my fake ten is Joe, I need to wash
14:19
Speaker 4: my hair.
14:20
Speaker 2: Yeah, I would pay one hundred dollars to be on
14:25
Speaker 2: the five PM flight, like I in that moment, I'm like,
14:30
Speaker 2: I would, I would pay a hundred dollars to get
14:31
Speaker 2: out of this, you know, and that's you know what,
14:34
Speaker 2: one hundred dollars, that's the absolute, absolute max. I would
14:37
Speaker 2: probably be like fifty dollars. Yeah, a little bit more,
14:40
Speaker 2: you know. But that's why now I'm like, I know
14:44
Speaker 2: in that moment that spending this little bit more of
14:47
Speaker 2: money is going to make me so much more happy,
14:50
Speaker 2: because then when you're like, maybe i'll change my flight time,
14:52
Speaker 2: it's going to be five billion dollars.
14:54
Speaker 4: Yeah, exactly.
14:56
Speaker 3: I think that's the thing though, like with the lazy
14:58
Speaker 3: tax and the convenience these two things are very similar,
15:02
Speaker 3: so the lines can be a little bit blurry. But
15:05
Speaker 3: also with the convenience tax especially, it really comes down
15:08
Speaker 3: to your values and what you value with your time
15:13
Speaker 3: and your money. So for somebody who's like an early
15:15
Speaker 3: riser and really organized and blah blah, they're gonna be like,
15:18
Speaker 3: of course, I'm going to save one hundred dollars and
15:20
Speaker 3: get on that red Eye fly. It really depends on
15:23
Speaker 3: what your values are, and I think that's okay, it's
15:27
Speaker 3: recognizing Okay, do I.
15:29
Speaker 4: Really is this really in line with my values? Or
15:32
Speaker 4: am I being lazy?
15:33
Speaker 2: And you know what's rogue is like my other convenience
15:36
Speaker 2: tax that I actually think is just the lazy tax, right,
15:39
Speaker 2: is spending nine dollars or ten dollars on shipping when
15:44
Speaker 2: you can do click and collect for free. I will
15:46
Speaker 2: do click and collect any day of the week for free,
15:49
Speaker 2: because I'm like, if the shop is already at my
15:52
Speaker 2: Westfield or at my I'm they're basically every day getting
15:57
Speaker 2: the train or like going and getting groceries or something
16:00
Speaker 2: like that that I'm like, yeah, I'll save ten dollars,
16:03
Speaker 2: but I will pay fifty dollars more so I don't
16:05
Speaker 2: have to wake up at four am to get on
16:06
Speaker 2: that flight. And that's my convenience. Yeah.
16:09
Speaker 3: Whereas one for me is grocery delivery or meal prep services.
16:17
Speaker 3: Knowing that with especially during busy periods, to me is
16:21
Speaker 3: usually when I.
16:22
Speaker 2: Will use these types of services because.
16:24
Speaker 3: I know that in the past I won't make time
16:28
Speaker 3: to do the groceries or I won't make time to
16:31
Speaker 3: plan ahead and you know, meal prep all my food,
16:34
Speaker 3: and then it gets to Wednesday night and I'm like, oh,
16:37
Speaker 3: well I have to.
16:37
Speaker 4: Get good breeds.
16:39
Speaker 2: Yeah.
16:39
Speaker 3: So for me during those times, I'm like, Okay, But
16:42
Speaker 3: the convenience of having either the groceries delivered to me
16:46
Speaker 3: or you know, having chef good or whatever it is
16:49
Speaker 3: delivered to me, that's perfect for this particular time in
16:52
Speaker 3: my life.
16:53
Speaker 2: Yeah. I love that because as well, you're in the
16:55
Speaker 2: long run, yeah, maybe getting that delivered or like splurging
16:59
Speaker 2: on the meals is maybe more expensive than it would
17:03
Speaker 2: be for you to go and buy it and cook
17:04
Speaker 2: it yourself. You're gonna end up saving more because when
17:07
Speaker 2: you're not wasting money on groceries, you don't end up cooking. E. Two,
17:10
Speaker 2: you don't spend money on like a forty dollars pasta
17:13
Speaker 2: that takes five years to get to you and it's
17:16
Speaker 2: cold and part of its squished exactly and they take
17:19
Speaker 2: a bite out of my guy and you didn't have
17:21
Speaker 2: to fight with the customer service to give you your
17:24
Speaker 2: face anyway. Yeah.
17:25
Speaker 4: So that's one.
17:26
Speaker 3: And then another one for me now that I think
17:29
Speaker 3: has changed since I was younger, would be paying for removalists.
17:34
Speaker 2: Oh, yeah, do you know what. I don't know.
17:37
Speaker 4: We'll see. But for me personally, I think I don't
17:41
Speaker 4: want to move my mattress. I want someone else.
17:43
Speaker 2: I think. I am like, I will do as much
17:46
Speaker 2: as I possibly can, and then I will pay for
17:48
Speaker 2: removalists so that I get like the cheapest possible price.
17:51
Speaker 2: Same but I'm like, I will get to the reject shop,
17:54
Speaker 2: I will get my bins, and I will do as
17:57
Speaker 2: much as I possibly can, and then I will for
18:00
Speaker 2: removalists to do like I paid for removalists in my
18:03
Speaker 2: last one, but that's because we had furniture that I
18:05
Speaker 2: was like, I actually physically can't move.
18:06
Speaker 4: This, That's what I mean.
18:07
Speaker 5: Whereas before I was like, not like, we're hiring a truck,
18:10
Speaker 5: like you're doing the whole thing, and I'm like, mmm, nah, yeah,
18:13
Speaker 5: I'll hire a professional who like knows how to properly
18:16
Speaker 5: pick up a couch without breaking their.
18:19
Speaker 4: Back, you know.
18:20
Speaker 2: And you know what a lazy tax that I've grown
18:22
Speaker 2: out of is getting ubers versus getting public transport. I
18:29
Speaker 2: love public transport now. I find it so much more
18:32
Speaker 2: enjoyable than getting in the back of a car. The
18:35
Speaker 2: train is fun. The train is a vibe. It's like
18:37
Speaker 2: main character energy read my book without getting sick.
18:41
Speaker 4: I agree.
18:41
Speaker 3: I've been trying to do the same as well, because
18:44
Speaker 3: like I don't currently have a car, so usually I
18:46
Speaker 3: do a lot of public transport or ubers. But I've
18:49
Speaker 3: been weighing up the convenience versus the lazy tax with that,
18:54
Speaker 3: so when it's it's also quicker. Yeah. So for example,
18:57
Speaker 3: last night, we went for dinner and it was late
19:00
Speaker 3: at night and we were going back home. I was
19:03
Speaker 3: going back home with our friend Jem and she lives
19:05
Speaker 3: near me, so I was like, well, we can split
19:07
Speaker 3: an uber that way and go together and then I
19:09
Speaker 3: don't have to get you know, a train home alone
19:12
Speaker 3: late at night, whereas you know, early in the morning,
19:15
Speaker 3: I might have been like, I'll get like an uber
19:17
Speaker 3: to this work event, and then I'm like, no, I'll
19:19
Speaker 3: just get the train and walk and just prepare a
19:22
Speaker 3: little bit more in advance.
19:23
Speaker 4: I've got the time to do that.
19:25
Speaker 3: You get your steps in save money, and you just
19:28
Speaker 3: feel like God's gift.
19:29
Speaker 2: Yeah exactly. But I'm so curious. I want to know,
19:32
Speaker 2: like what's your convenience tax. As the chicks let us
19:37
Speaker 2: know in the comments, I really really want to know,
19:39
Speaker 2: because I reckon I'm going to relate to all of them.
19:42
Speaker 2: You'll be like, oh my god, that's that is so me.
19:45
Speaker 2: Oh all right. And last, but not lease hit me
19:50
Speaker 2: with it, sou The third habit that is keeping you.
19:53
Speaker 3: Broke lifestyle creep, calling.
19:57
Speaker 2: You that lifestyle creep word creep, that's insight. I really
20:04
Speaker 2: want us to bring that back.
20:06
Speaker 4: Tacky creep.
20:07
Speaker 2: Oho'ld be such a cheap tacky creep? That smells.
20:12
Speaker 5: So.
20:13
Speaker 3: Lifestyle creep refers to when your income or financial capacity increases,
20:20
Speaker 3: but so does you're spending. Because even if you're earning
20:25
Speaker 3: more money, that doesn't mean that you become better with
20:29
Speaker 3: your money unfortunately. Like there's that saying that if you
20:33
Speaker 3: don't know how to manage ten dollars, you don't know
20:35
Speaker 3: how to manage ten thousand dollars. And that's basically what
20:38
Speaker 3: lifestyle creep refers to. So if you think back to
20:42
Speaker 3: when you were a teenager or your early twenties, or
20:46
Speaker 3: perhaps just a time in your life when you were
20:47
Speaker 3: earning less money in comparison to a time in your
20:50
Speaker 3: life when you were earning more money, and the things
20:53
Speaker 3: that you thought that you could afford back then, and
20:56
Speaker 3: the things that you were willing and not willing to
20:58
Speaker 3: spend your money on back then garrison to now, or
21:01
Speaker 3: when you've been at a point in your life when
21:03
Speaker 3: you had more money. So for example, when you're a teenager,
21:06
Speaker 3: you might have spent all your money on public transport,
21:09
Speaker 3: and then now as you've gotten older.
21:12
Speaker 4: You've bought a car, or you'll use ubers.
21:15
Speaker 3: For everything, and you're like, oh, well, like, no, I'm
21:18
Speaker 3: not going to get the train just to save money,
21:21
Speaker 3: Like I can afford to get an uber, or I
21:24
Speaker 3: can afford to pay for petrol, and you don't really
21:28
Speaker 3: think of the things that you could be saving money on.
21:33
Speaker 3: Instead you're like, oh, but I can afford it, so
21:34
Speaker 3: of course I'm going to spend the money on it.
21:37
Speaker 2: I think, like another girlly pop example of this would
21:40
Speaker 2: be how like when you're maybe eighteen or seventeen and
21:44
Speaker 2: you shop at Princess Polly, but then when you're like
21:47
Speaker 2: twenty five and have a full time job, you start
21:49
Speaker 2: shopping at like Dish and the Iconic or the other
21:51
Speaker 2: one I was thinking of is like when I was
21:53
Speaker 2: a teenager, how I would shop exclusively at like Price Line,
21:57
Speaker 2: which I still shop there, but now I also sometimes
22:00
Speaker 2: shop at the more bougie beauty stores like Sephorah Mecca.
22:05
Speaker 3: Yeah, or like I was talking to our beautiful producer
22:07
Speaker 3: Rush before the show and we were saying, how, you know,
22:11
Speaker 3: previously we would have always bought home brand, and then
22:15
Speaker 3: now we'll buy name brands at the supermarket. But when
22:18
Speaker 3: you really think about it, the home brand stuff a
22:21
Speaker 3: lot of the time is just as good, but we'd
22:23
Speaker 3: buy the name brand because we can or organic.
22:27
Speaker 2: Yeah, it's so interesting when you really peel back the
22:30
Speaker 2: lifestyle creep you see all the things that were very
22:35
Speaker 2: subconsciously creeping up. Because it's like when you get a
22:38
Speaker 2: pay rise and let's say you're earning two hundred dollars
22:40
Speaker 2: a week how often and have a think about whether
22:44
Speaker 2: or not you started putting two hundred dollars a week
22:47
Speaker 2: into savings.
22:48
Speaker 4: Yeah, like what did you do with that extra two
22:51
Speaker 4: hundred dollars? Where did that go?
22:53
Speaker 3: And I think this is a reflection of our financial
22:57
Speaker 3: literacy and the money habits that you've built over time.
23:02
Speaker 3: And yeah, it's just a good reminder that just because
23:04
Speaker 3: you earn more money doesn't mean that you automatically become
23:07
Speaker 3: better with your money. And I think this doesn't mean
23:10
Speaker 3: that you also can't treat yourself or you can't decide
23:12
Speaker 3: to spend more money or for the more expensive option
23:18
Speaker 3: when you have the ability to do so, when it
23:21
Speaker 3: makes sense.
23:22
Speaker 2: Yeah.
23:23
Speaker 3: Instead, it means that you should be reflecting on your
23:25
Speaker 3: spending habits and the things that you slowly but surely
23:28
Speaker 3: have been spending more money on that maybe you don't
23:30
Speaker 3: have to, yeah, and where you have been opting for
23:33
Speaker 3: the more expensive option. Some common signs of lifestyle creep
23:39
Speaker 3: include your savings remain stagnant despite you earning more money,
23:45
Speaker 3: You're spending has increased overall in lots of different areas
23:49
Speaker 3: of your life, and you aren't budgeting or you don't
23:52
Speaker 3: have financial goals. But some tips to avoid lifestyle create,
23:58
Speaker 3: create and stick to a budget. Prioritize saving over spending.
24:04
Speaker 3: So this is different for everybody, but review your expenses
24:08
Speaker 3: and look at where you can cut back all things
24:11
Speaker 3: that you can save on, and then finally set financial goals.
24:15
Speaker 2: This is going to be so important, yeah, and.
24:17
Speaker 3: It's going to be different for everyone. It can be
24:19
Speaker 3: big or small, but the tip is building the habit. Yeah,
24:22
Speaker 3: and you can always build upon that, so it could
24:25
Speaker 3: be by the end of the year, I want to
24:27
Speaker 3: save X dollars or I want to get a pay
24:31
Speaker 3: rise by this much, and when I get that pay rise,
24:35
Speaker 3: I'm going to put away this much after my every
24:39
Speaker 3: day and essential expenses slip slip.
24:43
Speaker 2: Well, there's our three habits, and it's all process. It's
24:46
Speaker 2: all literacy and financial literacy, and we.
24:49
Speaker 4: Have it and it's never too late to get better
24:51
Speaker 4: with your money.
24:51
Speaker 2: Exactly. Well, that's a lovely note to finish on.
24:54
Speaker 4: I know, howsome.
24:55
Speaker 2: Put that on a Hallmark card, baby, put that put That's.
25:00
Speaker 4: Your advice with thee Advise with the chicks. I am
25:07
Speaker 4: in need of advice.
25:09
Speaker 3: I am twenty four and recently booked a solo getaway
25:12
Speaker 3: for a week. I have never been or even thought
25:14
Speaker 3: of going on a trip by myself before, but the
25:17
Speaker 3: opportunity came up and I.
25:18
Speaker 4: Started to get really excited for it.
25:21
Speaker 3: I thought it would be really good for my own
25:22
Speaker 3: self growth and independence. My sister, who's twenty six, heard
25:27
Speaker 3: I was going away, and long story short, invited herself
25:31
Speaker 3: on this holiday. If I'm honest, she didn't really ask.
25:34
Speaker 3: She just said, I'm going to come and started looking
25:36
Speaker 3: into things to do. I mentioned that I was going
25:39
Speaker 3: to go for a week and she could come for
25:41
Speaker 3: a bit, so she booked five days. Jeez, we are
25:44
Speaker 3: close but have very different personalities so weak in clash.
25:48
Speaker 3: I began to get frustrated when she started talking about
25:51
Speaker 3: what we were going to do, so I decided to
25:53
Speaker 3: bring up that I originally booked it as an independent trip,
25:56
Speaker 3: and she absolutely cracked it. She started crying and saying
26:00
Speaker 3: that she's never been more hurt and that I should
26:02
Speaker 3: want to go away with.
26:03
Speaker 4: Her because I'm a.
26:06
Speaker 3: We love a gentle guilt trip. After calling me a
26:09
Speaker 3: few names, she's now not talking to me. I never
26:12
Speaker 3: said I didn't want her to come, but I just
26:14
Speaker 3: wanted to compromise and do something independently. Both my mum
26:18
Speaker 3: and her have said that they can't understand why I would.
26:21
Speaker 4: Want to go by myself.
26:22
Speaker 3: Oh mom, please, and that it's not safe. They also
26:26
Speaker 3: don't like that I'm setting rules boundaries by doing some
26:30
Speaker 3: things together and not everything. I understand why she's hurt,
26:35
Speaker 3: but am I really in the wrong. I can't help
26:37
Speaker 3: but feel guilty, but I think this is surely an overreaction.
26:41
Speaker 3: Please any advice would be great as a holiday is
26:43
Speaker 3: in two.
26:43
Speaker 4: Weeks and she's now saying she's not coming.
26:45
Speaker 2: I'm sure you love your sister, and I'm sure your
26:48
Speaker 2: sister is beautiful, and like you've said, you've got different personalities,
26:52
Speaker 2: but so it sounds really like pushy and bullish and
26:56
Speaker 2: like I'm coming and this is what we're gonna do
26:59
Speaker 2: and blah blah blah. When you've done this as like
27:02
Speaker 2: a self growth and independence thing and you've had someone
27:05
Speaker 2: come in and completely like rip up that turf and
27:08
Speaker 2: lay down their own manure.
27:10
Speaker 3: Their own shit, yeah, I reckon you should try and
27:14
Speaker 3: have a conversation with your sister and say, like, I'm
27:18
Speaker 3: really sorry. I probably should have been a little bit
27:20
Speaker 3: more firm or open from the offset, but I really
27:24
Speaker 3: did want this to be an independent trip. But when
27:27
Speaker 3: you started talking about it, I felt bad and I
27:29
Speaker 3: didn't want to hurt your feelings, but I probably should
27:32
Speaker 3: have put my foot down and said, actually, no, I
27:35
Speaker 3: want this to be an independent trip and I really
27:38
Speaker 3: need this. This is going to be a really great
27:40
Speaker 3: opportunity for me to learn and grow more about myself.
27:43
Speaker 3: And now it's become a point of frustration and contention
27:48
Speaker 3: between us. So I think it's probably for the best
27:51
Speaker 3: if I go alone and we can plan like a
27:53
Speaker 3: sister trip together.
27:55
Speaker 4: Doesn't mean that I don't love you.
27:56
Speaker 2: I do think it's always good to like ask potentially,
28:00
Speaker 2: like in terms of helping the relationship grow, Like I
28:05
Speaker 2: see what you're saying, and I totally hear that you
28:07
Speaker 2: know coming in with you know, warmth and empathy and
28:11
Speaker 2: saying I do understand that you're upset and I'm sorry
28:15
Speaker 2: for that and the role that I played in that.
28:18
Speaker 2: I also think it's good to ask your sister if
28:21
Speaker 2: there's any way that she felt like she could have
28:24
Speaker 2: handled that situation differently so that this doesn't happen again
28:28
Speaker 2: in the future, Because this also needs to be an
28:29
Speaker 2: opportunity of growth for her sister, because like we said,
28:33
Speaker 2: like that's just not okay, and so like, leave that
28:36
Speaker 2: with her. It might not happen in the moment, but
28:39
Speaker 2: leave that question with her, even if she just does
28:42
Speaker 2: a bit of self reflecting. You might not hear back
28:44
Speaker 2: from that question, but it will help her have a
28:50
Speaker 2: bit of self reflection. Her ego might not allow her
28:52
Speaker 2: to voice that, which I don't think a lot of
28:55
Speaker 2: people have the skill to do. You've said in the
28:59
Speaker 2: final part, am I really in the wrong? And I
29:02
Speaker 2: just want to finish this part with saying no, you're not.
29:05
Speaker 2: Like you've done nothing wrong. You said you wanted to
29:08
Speaker 2: take this trip independently for your own self growth. Someone
29:12
Speaker 2: came in, invited themselves for five out of seven days
29:16
Speaker 2: and then started planning in itinerary. You haven't done anything
29:19
Speaker 2: wrong by setting boundaries and keeping to what you originally wanted.
29:22
Speaker 2: And if anything, it's going to be better for your
29:25
Speaker 2: relationship with your sister because you won't start resenting her
29:28
Speaker 2: for taking over your holiday of what you wanted it
29:30
Speaker 2: to be.
29:31
Speaker 4: Go on your holiday solo and enjoy your holiday.
29:34
Speaker 2: Well, that is a wrap for this week's episode. Thank
29:39
Speaker 2: you so much for having.
29:40
Speaker 1: Us in your ear hole.
29:42
Speaker 2: We live to be here. It feels good to be back,
29:44
Speaker 2: feels good to be back in these holes. It does
29:47
Speaker 2: in these holes. If I'm in your holes right now,
29:50
Speaker 2: I just want you to know I love to be Okay,
29:54
Speaker 2: I love it here anyway.
29:56
Speaker 4: Thanks for making this episode.
29:58
Speaker 3: Two broke cheeks, Happy love it lend me good bye,
30:03
Speaker 3: said