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I’ve Been Sent $10k. No Description. What Now? · She's On The Money

0:00
Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman
0:03
Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana,
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Speaker 1: kaka ya Ya Binahwaka Nian our gay In Mbini, yakarum Jar,
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Speaker 1: Dominyamiga Umaga, Ihowaka, Nile, Waman damon Immalan, Bumba bang gadaboma
0:17
Speaker 1: In and now in wakah ghana on yak raum Jar Watanada. Hello,
0:22
Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
0:26
Speaker 1: We thank acknowledge and respect the Aberiginal people's land that
0:29
Speaker 1: we're gathering on today. Take pleasure in all the land
0:32
Speaker 1: and respect all that you see. She's on the Money
0:35
Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
0:42
Speaker 1: knowledge and resources for you to thrive.
0:44
Speaker 2: She's on the Money. She's on the Money.
0:50
Speaker 3: Hello, my friends, and welcome to She's on the Money,
0:53
Speaker 3: the podcast where we usually discuss all of the issues
0:56
Speaker 3: containing your wealth goals so that you can feel more
0:58
Speaker 3: confident and in control of your financial future. But on
1:02
Speaker 3: Fridays we park the more serious topics in favor of
1:05
Speaker 3: something a little bit more casual. At Friday Drinks, you
1:08
Speaker 3: can expect entertaining questions from our community, the odd money
1:12
Speaker 3: related dilemma, and insightful yaps with our two favorite podcast
1:16
Speaker 3: co hosts, Miss Bech Sayed and Miss Jessicci. Now, if
1:21
Speaker 3: you aren't already acquainted, Miss Bech Sayed is a casual worker,
1:25
Speaker 3: part time holiday and lover of ceramics, and Jess is
1:29
Speaker 3: a full time partnership scal part time ballerina, and linen.
1:33
Speaker 4: Sheets enthusiast fun.
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Speaker 3: Together, they will bring money, wins and broke tips from
1:39
Speaker 3: the community because together, knowledge is power. My friends and
1:43
Speaker 3: welcome to Friday Drinks. Did you like my little intro?
1:46
Speaker 4: Yes?
1:47
Speaker 3: I like that we have a heap of new friends,
1:49
Speaker 3: and I was like, we probably should introduce you. Oh true,
1:53
Speaker 3: you love ceramics, you love linen.
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Speaker 4: It makes sense.
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Speaker 5: That's so cute and everyone's in a while. We can
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Speaker 5: just change it up and make it so funny and random. Yeah,
2:02
Speaker 5: I'm onto it, cooky girl.
2:05
Speaker 3: But someone messaged me and they're like Beck and Jess
2:08
Speaker 3: they never seem to have, like, you know, really strong
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Speaker 3: financial opinions.
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Speaker 4: And I was like, yeah, that's my job.
2:14
Speaker 3: We've got Lynnen lover's queen here and ceramics queen and sorry,
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Speaker 3: really smart women, but you're not the finance expert.
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Speaker 2: No no, and we don't claim to be.
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Speaker 3: They bring the vibes anyway. I've been informed that this
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Speaker 3: week's dilemma is a little bit peculiar. In fact, this
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Speaker 3: person has come into a sum of money and is
2:35
Speaker 3: asking for the best way to invest it. And the
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Speaker 3: community has also shared a pretty stellar DM with us
2:43
Speaker 3: concerning debt and whether it's best to pay some off
2:46
Speaker 3: and park the others and what you should do in
2:48
Speaker 3: that situation. But before all of that, you know what
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Speaker 3: time it is. I'm keeping this normal. It's time for
2:55
Speaker 3: a five star review. This one comes from Katie, who
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Speaker 3: writes the pod. Guys, I've learned so much from just
3:03
Speaker 3: listening on my walks or in the car, and it
3:05
Speaker 3: never feels preachy or overwhelming.
3:07
Speaker 4: We should try harder.
3:08
Speaker 3: We definitely one I keep coming back to every single week.
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Speaker 4: I love it's nice so much, Katie. We need to
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Speaker 4: try harder to be preachier.
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Speaker 2: Thank you so much.
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Speaker 3: This so sweet, exactly, and thank you for sharing all
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Speaker 3: those moments with us and all of the moments in between. Katie,
3:25
Speaker 3: we are so glad to hear that those I guess
3:27
Speaker 3: money facts are coming in loud and clear. My friends,
3:30
Speaker 3: if you've got a review to share with us but
3:32
Speaker 3: haven't written it yet, now is your time to shine.
3:36
Speaker 3: Please get typing and share your five star reviews with
3:38
Speaker 3: us on Apple podcast or Spotify or wherever. Honestly, we
3:42
Speaker 3: read them out. If we get them in a DM,
3:44
Speaker 3: we read them out. If we get them in bex dms,
3:46
Speaker 3: I'll take them. However, you will give them, and we
3:49
Speaker 3: love hearing from you. Plus you might get a shout
3:51
Speaker 3: out in next week's episode. But before we get into it,
3:55
Speaker 3: let's go to a really quick break. All right, guys,
4:01
Speaker 3: we aren't back beck. Yes, it is time for our
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Speaker 3: question of the week. I love this.
4:07
Speaker 4: We put a call out to our Facebook.
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Speaker 3: Community to share their best non finance related questions for us,
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Speaker 3: and they never ever disappoint. This week's question is quite
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Speaker 3: polarizing in certain circles, but I'm sure we can bridge
4:19
Speaker 3: the divide here.
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Speaker 4: Are you ready chalk mint?
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Speaker 3: Is it a refreshing flavor sensation or toothpaste showing up
4:27
Speaker 3: in your ice cream?
4:27
Speaker 5: On it?
4:29
Speaker 2: Hah?
4:31
Speaker 4: I don't mind it. What I do like is a
4:34
Speaker 4: min slice the chocolate bestia.
4:37
Speaker 5: What I was going to say is like I would
4:38
Speaker 5: never pick up a chalk mint ice cream. Is my
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Speaker 5: ice cream a choice? But I don't mind the mint SLI.
4:43
Speaker 4: Don't mind hit them in the fridge. The mint slice, Yes,
4:46
Speaker 4: you have to put them in the fridge.
4:47
Speaker 3: It's that's so oh you both need canceling in slice
4:53
Speaker 3: and carrying crowns.
4:54
Speaker 4: Both live in the fridge.
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Speaker 5: Okay, but the caramel, no, it's chewy. I guess so
5:00
Speaker 5: I like's a little soft and melty. Yeah, yeah, I
5:04
Speaker 5: like a little soft too, Personally exactly the same. I'm
5:07
Speaker 5: going to go mint sliced biscuit. I would actively.
5:10
Speaker 4: Crave one of those, But I've never craved a mint
5:14
Speaker 4: chocolate outside of that, and that includes really chocolate ice cream,
5:18
Speaker 4: because like, why if I'm going to get a dessert
5:22
Speaker 4: an ice cream, I'm not that that's kind of silly.
5:27
Speaker 4: There's a million others you're.
5:28
Speaker 3: Not going to go with a mint wait, hold on,
5:30
Speaker 3: hold on, hold on. We're not all going to the
5:32
Speaker 3: movies and getting a mint chalk top controversial opinion. I
5:35
Speaker 3: don't like a chalk chop for the movies.
5:37
Speaker 4: I'm saying I.
5:38
Speaker 6: Don't like it.
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Speaker 2: Right, so messy to eat, and I why I'm messy
5:48
Speaker 2: to eat? The chocolate falls off.
5:50
Speaker 5: I'm a messy you like I just if I'm eating
5:52
Speaker 5: an ice cream in the dark, I'm coming out with
5:53
Speaker 5: ice cream.
5:54
Speaker 2: On me, I hear. And beyond that, I hate people
6:00
Speaker 2: prinkling the.
6:00
Speaker 5: Wrapper, Like if you're in acting, you'd better have opened
6:03
Speaker 5: that before the previews and started.
6:04
Speaker 2: If the movie started and.
6:05
Speaker 5: You're unwrapping your chok top, I'm internally screaming at you.
6:10
Speaker 5: I would have never turned around to do it, but
6:12
Speaker 5: on the inside, I am that'stic at you.
6:15
Speaker 3: Yes, okay, So my hierarchy of chok top flavors, please
6:21
Speaker 3: min chuck Chip at the top, boison berry bottom.
6:25
Speaker 2: No see, I was gonna say the only one I
6:26
Speaker 2: would eat would be boisonberry.
6:27
Speaker 4: No Boisoberry at the bottom.
6:28
Speaker 3: And you know I said that because I knew you
6:31
Speaker 3: would jump in and send poison berry was your favorite.
6:33
Speaker 3: Because this woman, if she gets an ice cream from McDonald's,
6:37
Speaker 3: her choice is strawberry Sunday.
6:40
Speaker 4: Okay, well that's crazy.
6:41
Speaker 2: I fear that.
6:45
Speaker 4: She wasn't around. That was Georgia King. Wow, Georgia King.
6:48
Speaker 3: And I tried to boycott the Strawberry Sunday but you're
6:51
Speaker 3: Caromel No oh yes.
6:53
Speaker 2: No, I don't see.
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Speaker 5: You can't even talk to jets right now because those
6:58
Speaker 5: are both insane chocolate Sunday. So convinced that I was right,
7:05
Speaker 5: I put it on our incidence is years ago. I
7:07
Speaker 5: pulled it on our Instagram and I said, guys, like,
7:08
Speaker 5: which is the superior flavor? Obviously Strawberry? Like three percent
7:12
Speaker 5: of people agreed with me, and I was it. I
7:15
Speaker 5: haven't been here from the start.
7:16
Speaker 3: I think you remember Strawberry Sunday Gate because it went
7:19
Speaker 3: on for a couple of weeks. Yeah, and then when
7:22
Speaker 3: I was pregnant with Campbell, I had to eat my
7:24
Speaker 3: words because that's all I wanted to eat.
7:26
Speaker 1: Interesting.
7:27
Speaker 3: And now I'm not pregnant, I am back to usual
7:29
Speaker 3: programming and that's crazy, Jessica Hosty.
7:33
Speaker 2: Anybody or my Strawberry girls out there? We write no,
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Speaker 2: we don't know.
7:38
Speaker 4: Probably zero people that are listening to me, like not
7:40
Speaker 4: on c We also had a.
7:43
Speaker 3: Similar debate coincidentally in the Zella office last week because
7:48
Speaker 3: I went to the supermarket and realized they have a
7:50
Speaker 3: whole heap of different flavor oreos and so I bought
7:54
Speaker 3: a whole heap of different packets of oreos for the
7:56
Speaker 3: team to try.
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Speaker 4: Did you know they do a sour patch kids oreo.
8:00
Speaker 2: I don't think I'm into that.
8:02
Speaker 4: I'm not into It smelt like lime and it tasted
8:05
Speaker 4: like sherbet.
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Speaker 2: No thank you.
8:07
Speaker 4: But they had a chok mint one.
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Speaker 2: I can see that being good.
8:11
Speaker 4: Yeah, And so I brought it into.
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Speaker 3: The office and I said, guys, these were a dollar
8:14
Speaker 3: sixty at Woolies.
8:16
Speaker 4: So I bought all of the flavors and I brought
8:19
Speaker 4: them to you for a taste test. Yeah, okay.
8:21
Speaker 3: And then a lot of them were like, where are
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Speaker 3: the normal oreos? And I was like, I did not
8:25
Speaker 3: buy normal oreos because I found chok mint ones. So
8:28
Speaker 3: I got two sleeves of chalk.
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Speaker 2: Milk once because obviously everyone's gonna want them.
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Speaker 3: No, I got canceled. I nearly got kicked out of
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Speaker 3: my own office. People were refusing to try them. The
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Speaker 3: people that did try them spat them out like dramatic.
8:44
Speaker 3: They were so dramatic at the originals.
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Speaker 5: If you're getting all of them, sorry, okay, I think
8:48
Speaker 5: if you've got ten fun flavors, do you need the
8:51
Speaker 5: plane on Yeah, that's what color cleanser controversial and.
8:55
Speaker 4: There's a Karra milk flavor.
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Speaker 2: Anyway, So you're just to be clear. You're also team
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Speaker 2: pro mint ice.
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Speaker 3: Cream and pro miin ice cream. In fact, I love
9:06
Speaker 3: the cheaper the better. Like I don't want fancy chalk
9:09
Speaker 3: Min ice cream. It has to be is it like
9:11
Speaker 3: buller or in the red Tub?
9:13
Speaker 4: I don't know what one that is.
9:14
Speaker 3: I think that's the superior one for me. Yeah, so
9:17
Speaker 3: chok min ice cream with ice magic on top, because
9:21
Speaker 3: I want that choc top experience.
9:23
Speaker 2: Jessica, at home, I do hard chocolate.
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Speaker 4: I just don't like it with a you gonna have
9:29
Speaker 4: a fudge. You gonna have a fudge chocolate Minfretto delicious.
9:33
Speaker 3: I gotta say, do you know what I just I
9:35
Speaker 3: don't know why we're so different, Like I just like
9:38
Speaker 3: I don't know if I can see past these differences.
9:41
Speaker 2: We you know what, all unique perspectives are beautiful.
9:44
Speaker 4: It's beautiful.
9:46
Speaker 3: I believe the community has their answer on what our
9:50
Speaker 3: views on chalk Mian ice cream are. And if there
9:53
Speaker 3: is a question that you are dying for us to
9:55
Speaker 3: answer on the pod, please send us a DM because
9:57
Speaker 3: we cannot wait to hear it now It's just GOTTRICI.
10:01
Speaker 4: I'm curious. Does our community have anything to celebrate with
10:04
Speaker 4: us this week? Perhaps some money wins.
10:06
Speaker 2: You know that they do.
10:07
Speaker 5: There were so many good ones in the thread this week. Firstly,
10:10
Speaker 5: Natasha said, I put an offer for an apartment fifteen
10:13
Speaker 5: thousand dollars under the starting prize and it was accepted.
10:17
Speaker 5: Hopefully this is the start to more price drops for
10:19
Speaker 5: people looking to get into their first homes. Adore really
10:22
Speaker 5: really exciting. If you don't ask, you don't get literally,
10:25
Speaker 5: then I've got a money in from Estelle, who said
10:27
Speaker 5: I deleted Uber Eats a couple of months ago. Cut
10:29
Speaker 5: to last weekend, I was sick on the couch with
10:31
Speaker 5: a cold and I needed a delivery. Upon reinstalling the app,
10:34
Speaker 5: I got an offer for twenty dollars off of my
10:36
Speaker 5: first order over twenty five stop cheap dinner coming for
10:40
Speaker 5: it for me.
10:40
Speaker 4: Amazing love that.
10:41
Speaker 2: Maybe just try Delinien. See what happened.
10:43
Speaker 4: I told you guys, you need to threaten your apps.
10:45
Speaker 4: You need to threaten your subscription.
10:47
Speaker 2: Yeah, and then they'll come through the goods.
10:49
Speaker 5: Then I've got money in from Angela, who said she
10:51
Speaker 5: got one hundred dollars back from Irong Bank.
10:54
Speaker 2: They do cash back on eligible utility bills money.
10:57
Speaker 5: She had no idea, so if anyone's with Ing Bank, okay,
11:00
Speaker 5: I would be looking into that. Kate said she's been
11:03
Speaker 5: stacking the end of financial year sales with redeeming points
11:06
Speaker 5: vouchers and using shot back and getting just a huge
11:08
Speaker 5: money wins all round. Then I've got a money win
11:11
Speaker 5: from Ariel who said, let crusay it was thirty percent
11:14
Speaker 5: off on Meyer, shot Back had nine percent, Westpac had
11:16
Speaker 5: additional bonuses, and she had an extra seventy dollars.
11:19
Speaker 4: Cash backed stop it. She's stacky, I have stacky.
11:22
Speaker 5: Staky said it pays to keep things on your wish list,
11:25
Speaker 5: monitor the sales, and wait to stack things up. Hell yeah,
11:28
Speaker 5: that's a very very impressive. Well done, Aeriel. And then
11:31
Speaker 5: lastly this week, I've got a money win from Belinda,
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Speaker 5: who said, I listened to the end of Financial year
11:36
Speaker 5: episode where you mentioned you can claim your ongoing financial
11:39
Speaker 5: advisor costs.
11:40
Speaker 4: You can yeh.
11:40
Speaker 5: She didn't know that, so she made an amendment to
11:42
Speaker 5: the last two years worth of tax returns and got
11:45
Speaker 5: a refund from the eightier.
11:46
Speaker 4: Of seven hundred and five dollars.
11:48
Speaker 5: Stop, how good is that? And then Belinda shout out Queen.
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Speaker 5: She's always in the Facebook group. I see her commenting
11:53
Speaker 5: all the time. Someone said, ooh, can you tell me more?
11:55
Speaker 2: And she goes. Listen to the end of Financial Year
11:57
Speaker 2: Tax Taps, episode twenty seven minutes in Oh my God,
12:00
Speaker 2: drop snaps for Belinda. She's out here doing the good work.
12:06
Speaker 4: Thank you, Belinda. I'm gonna need that too, all right.
12:09
Speaker 3: I feel like that is a really good rap of
12:11
Speaker 3: the community this week. Beck Every time I think, damn
12:14
Speaker 3: things are hard out there, our community comes through with
12:17
Speaker 3: a broke tip that just brings me a little bit
12:18
Speaker 3: of hope. What tips can you share with us this week?
12:22
Speaker 4: Okay, So I'm so sorry, Jess. My broke tip is
12:24
Speaker 4: going to sound very similar. This one's from Yasmin, though,
12:27
Speaker 4: so Yasmin said, and it is crazy. I didn't know
12:29
Speaker 4: you could do this, yasm said. I edited my tax
12:31
Speaker 4: return from twenty twenty three to twenty twenty four as
12:34
Speaker 4: I realized it with things I could have claimed but didn't.
12:36
Speaker 4: On Wednesday, I received over five hundred dollars in my
12:39
Speaker 4: bank account. And so this is a really good reminder
12:42
Speaker 4: that because I did not know you could do this.
12:44
Speaker 4: So if there's anyone out there who's like, oh I
12:46
Speaker 4: didn't know, I could claim that you can go back
12:48
Speaker 4: and a mend it.
12:48
Speaker 1: Yeah.
12:49
Speaker 4: Hell, that's incredible. And the next one comes from Kirston,
12:53
Speaker 4: who says I was spending way too much money on
12:55
Speaker 4: my ice long blacks after many US trips and seeing
12:58
Speaker 4: the big bottles of cold brew. I'd been waiting for
13:00
Speaker 4: something similar over here. Oh, it's it here now it's yeah,
13:04
Speaker 4: we're always now selling coffee shots by the goon bag.
13:07
Speaker 4: That's one point five dead us one point five leaders
13:10
Speaker 4: for eighteen dollars seconds to make before work. Just adding
13:13
Speaker 4: ice and cold water to the coffee. Massive money win
13:16
Speaker 4: for me.
13:16
Speaker 5: Stop it.
13:17
Speaker 2: Yeah, I just loved a little mixy.
13:19
Speaker 3: Yeah, Like every time we've been to America, which is
13:22
Speaker 3: kind of crazy that we say every time we've been
13:24
Speaker 3: to America, Jess, I go to the supermarket and we
13:28
Speaker 3: get like breakfast items so that we can have breakfast
13:30
Speaker 3: in our hotel room or at our apartment or whatever.
13:32
Speaker 3: And I'm always buying the like pre done like Starbucks
13:38
Speaker 3: coffees to mix with milk in.
13:40
Speaker 4: The room because they're good.
13:42
Speaker 3: Yeah, yeah, yeah, well now they have it here in
13:44
Speaker 3: goon bag form. I don't know if I can get
13:46
Speaker 3: around the Australia.
13:48
Speaker 4: Australia. It's a beautiful box and you won't even see it,
13:51
Speaker 4: you know when you pop the tip out and you yeah,
13:53
Speaker 4: I do because freddy Lexia makes you sexyer? Do you
13:56
Speaker 4: really think that I have come from like classy upbringing? No,
14:00
Speaker 4: goombag's also gorgeous color.
14:02
Speaker 3: Yeah, and you can blow them up as decoration when
14:05
Speaker 3: you're done, Yes, exactly, in a little cushion exactly.
14:08
Speaker 4: And then my one. Have you guys heard of the
14:10
Speaker 4: coin collector? Well, I'll tell you I have.
14:14
Speaker 3: Yes, I know am on You and I are on
14:17
Speaker 3: the same like wavelength this week on basically everything.
14:21
Speaker 4: Yeah, it's so weird.
14:23
Speaker 2: I don't know what you're talking about.
14:24
Speaker 4: So on Instagram, his handle is coin Collecting underscore Detecting.
14:29
Speaker 4: So this guy searches for coins that are worth more
14:31
Speaker 4: than their original value. Some coins are only worth a
14:34
Speaker 4: few dollars more, but it's still more than you initially had,
14:36
Speaker 4: so he will kind of like go to the bank
14:38
Speaker 4: and exchange ten dollar note for ten one dollar coins
14:41
Speaker 4: and the little rolly thing.
14:42
Speaker 3: He makes fears if you're flipping through the coins and
14:45
Speaker 3: his knowledge is insane, Jess.
14:47
Speaker 4: Yeah, and like every coin to like one dollar, fifty cents,
14:50
Speaker 4: et cetera. And then he will kind of like be like, oh, see,
14:53
Speaker 4: so what you're looking for here? And he'll go to
14:55
Speaker 4: check his little list and be like this coin is
14:58
Speaker 4: worth two dollars eighty four and it's like one doll
15:01
Speaker 4: eighty for more. But it's like that was once one dollar,
15:03
Speaker 4: now it's worth two dollars, you know, I mean cool.
15:05
Speaker 2: Like you've doubled your money, doubled your money. Then how
15:07
Speaker 2: do you like where do you sell.
15:08
Speaker 4: The well in the coin selling websites?
15:10
Speaker 7: Yes?
15:11
Speaker 4: Or eBay?
15:12
Speaker 5: Yeah?
15:12
Speaker 4: Yeah, that's great because I'm trying to feel that too. Yeah,
15:15
Speaker 4: you can sell them on eBay.
15:16
Speaker 2: They're a market to buy the two dollar coin that's
15:19
Speaker 2: three dollars.
15:20
Speaker 3: There is And it's kind of crazy because like there's
15:22
Speaker 3: this like niche community of coin collectors who want the
15:26
Speaker 3: one dollar coin with the slight defect and like really yes,
15:30
Speaker 3: and like it's so funny because I watched these videos
15:33
Speaker 3: at three am when I'm breastfeeding and he flipped through
15:37
Speaker 3: the coin. He goes, Yep, that one's from nineteen seventy four.
15:39
Speaker 3: That won't be worth anything. This one, this one, look,
15:41
Speaker 3: that's nineteen sixty three, and like it's crazy. And by
15:45
Speaker 3: the way, nineteen sixty three, we didn't even have that coin,
15:47
Speaker 3: so I'm making that up.
15:49
Speaker 4: But you know what I mean.
15:50
Speaker 3: So the coins and then he's like, oh, this was
15:53
Speaker 3: a centennial coin and I'm like, a what, Like, yeah,
15:56
Speaker 3: it's just really interesting.
15:57
Speaker 4: It's so interesting. You know the little cigarette holder in
16:00
Speaker 4: your can't I have coins in there? And I found
16:04
Speaker 4: one the other day. There was like apparently one dollar something,
16:07
Speaker 4: but then who cares? It was more than you had.
16:09
Speaker 4: It's someone something on eBay for like two thousand dollars,
16:11
Speaker 4: so I'm like, what, but I don't think it is
16:13
Speaker 4: worth No one's bought it yet, but I'm like, I
16:15
Speaker 4: could put it up there two thousand, just see how
16:16
Speaker 4: we go undercut.
16:17
Speaker 2: Them listed for fifteen hundreds. What happens, Well, that's exactly right.
16:21
Speaker 4: Oh my god, it's so good. So I'd say check
16:24
Speaker 4: it out. And if you have some coins lay around,
16:26
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16:31
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16:34
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16:38
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16:41
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16:43
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16:43
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16:46
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16:49
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16:54
Speaker 3: we're going to dive into this week's money dilemma.
16:57
Speaker 4: Please stay tuned.
17:02
Speaker 2: Welcome back, everybody. Let's take a listen to this week's
17:04
Speaker 2: money dilemma.
17:07
Speaker 6: Hi, there, have you got a money dilemma you just
17:10
Speaker 6: can't solve That She's on the Money team is here
17:12
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17:16
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17:24
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17:25
Speaker 4: Now, let's take a listen to this week's money dilemma.
17:31
Speaker 7: Hi, She's on the Money. I love the podcast. I've
17:34
Speaker 7: been listening for almost a year now, and my money
17:38
Speaker 7: dilemma is I've just checked my bank account and I've
17:42
Speaker 7: been sent ten thousand dollars from a family friend. There
17:47
Speaker 7: was no description or anythink like that, and I haven't
17:52
Speaker 7: seen this family friend in maybe a year. A couple
17:55
Speaker 7: months ago, I sent them a message saying I didn't
17:58
Speaker 7: want to be in their life anymore, but I'm grateful
18:00
Speaker 7: for everything they've done for me. Because the family friend
18:03
Speaker 7: did live with me and my family for quite a
18:06
Speaker 7: while and then they're left quite abruptly a couple of
18:09
Speaker 7: years ago. I had quite a difficult relationship with them,
18:13
Speaker 7: and they also had quite a turbulent relationship with my
18:16
Speaker 7: mom and my sister. And I'm not too sure what
18:20
Speaker 7: to do about the money because I feel bad keeping
18:24
Speaker 7: it because I'm obviously not in contact with her, and
18:27
Speaker 7: I'm not sure if maybe something's going on in her
18:29
Speaker 7: life she's sick or unwell, because I've also had that
18:33
Speaker 7: I'm in her will. But then also I'm a full
18:36
Speaker 7: time student, I'm also working full time, and that money
18:40
Speaker 7: would really help me and my sister and my mom,
18:44
Speaker 7: and I'm trying really really hard to save and it's
18:47
Speaker 7: very difficult. So please let me know any thoughts or
18:50
Speaker 7: advice you have.
18:51
Speaker 4: I really appreciate it.
18:53
Speaker 5: This is diabolical, God, but like, isn't it the dream
18:55
Speaker 5: to just wake up be like, Wow, someone gifted me
18:57
Speaker 5: ten thousand dollars.
18:58
Speaker 4: So when it happens in reality, you're like, what the hell,
19:01
Speaker 4: what do we do?
19:02
Speaker 2: Stressful?
19:02
Speaker 4: I really want to know if it's.
19:05
Speaker 5: Yeah.
19:06
Speaker 4: First of all, I'm really sorry to hear, and it's
19:08
Speaker 4: really good that you could recognize even though it might
19:11
Speaker 4: have been really hard to be like, oh, this person
19:13
Speaker 4: isn't good for me and good for my life and
19:15
Speaker 4: that's very hard decision to make, but really proud of you.
19:18
Speaker 4: First of all, I'm just going to assume it wasn't
19:20
Speaker 4: an accident, because that would be like if you haven't
19:22
Speaker 4: spoken to them, then maybe, but it's not. And so
19:26
Speaker 4: for that, I would just say, if I imagine winning
19:28
Speaker 4: the lotto, I really just want to give everyone like
19:30
Speaker 4: a bunch of money. And I know that, like it's
19:32
Speaker 4: obviously a very different scenario, but in these situations where
19:36
Speaker 4: you maybe have the means to do that, you really
19:39
Speaker 4: want to. And I know that being on the receiving
19:42
Speaker 4: end is like crazy, it's just that you don't feel worthy,
19:45
Speaker 4: don't feel like you want to make sure that you're
19:48
Speaker 4: doing good with this money. But I think take the
19:51
Speaker 4: pressure off assuming it wasn't an accident. This person wanted
19:54
Speaker 4: to give this money to you, and they wanted to
19:56
Speaker 4: probably help, and so it seems like in your situation
19:59
Speaker 4: you're st mean to save, like it seemed like it
20:01
Speaker 4: came at the perfect time, and I'm sure that they
20:02
Speaker 4: would really want to know that it is helping you
20:04
Speaker 4: in some ways. So I think, do with it whatever
20:08
Speaker 4: you feel like you want to. And Victoria made a
20:10
Speaker 4: beautiful Freudian slip earlier and said how you would spend
20:13
Speaker 4: I mean invest it, And so I'm thinking, I'm thinking
20:20
Speaker 4: Victoria wants you to spend that money was not permission,
20:26
Speaker 4: So definitely use it to better your life, better your circumstance,
20:31
Speaker 4: and just treat it as a gift to you and
20:34
Speaker 4: your family.
20:35
Speaker 2: I agree, I think you need to check that it
20:36
Speaker 2: wasn't an accident. I just know that this would eat
20:39
Speaker 2: me up.
20:40
Speaker 5: And I think that, like with modern day banking, we've
20:43
Speaker 5: all done it, We've all sent it to like the
20:44
Speaker 5: wrong Jessica or the wrong person, and I think, like,
20:47
Speaker 5: especially because there's no information or context, I just think
20:52
Speaker 5: morally the right thing you would just be like to
20:54
Speaker 5: send an email or a text. Wo'd be like, hey,
20:56
Speaker 5: this popped up in my account. I just wanted to
20:59
Speaker 5: check was it in tech to come to me? And
21:01
Speaker 5: then if they say yes, then you have that knowledge
21:04
Speaker 5: and you can kind of proceed from there. But otherwise
21:06
Speaker 5: you're going, well, why do I have it? Why is
21:08
Speaker 5: it here?
21:09
Speaker 2: With that being said, it would be naive not to
21:11
Speaker 2: acknowledge that.
21:13
Speaker 5: There's a very good chance that this is a little
21:15
Speaker 5: bit of manipulation really and that they live truly where I.
21:17
Speaker 4: Was going to go with it, I was like, yes,
21:19
Speaker 4: this is coercive control.
21:21
Speaker 5: Yeah, and they've sent you the money to force you
21:23
Speaker 5: to talk to them. I mean, it's really up to
21:27
Speaker 5: you to talk to you for ten grand?
21:28
Speaker 2: Yeah, I love.
21:29
Speaker 5: This is the thing is I think that even if
21:31
Speaker 5: you would have messaged them and say, hey, like this
21:33
Speaker 5: ten grand's popped up, like just want to check it
21:35
Speaker 5: was intended for me, And if they then tried to
21:36
Speaker 5: guilt trip you or say something say yes I'm experiencing
21:39
Speaker 5: a tough time or I've won the lotto or whatever,
21:42
Speaker 5: I miss you and I just wanted to da da
21:44
Speaker 5: da da, you are then well within your rights to
21:46
Speaker 5: set the boundary once you know that that was the intention,
21:49
Speaker 5: like it was intended to come to you, like if
21:50
Speaker 5: you don't want to reply after that.
21:52
Speaker 2: If you that's totally fine.
21:53
Speaker 5: Really, I think whatever boundaries you've set, you are well
21:58
Speaker 5: within your rights to enforce those, and this money should
22:00
Speaker 5: not change that. With that being said, the goal may
22:04
Speaker 5: have been, or the hope may have been from the
22:06
Speaker 5: person sending it to you, that the money would change that,
22:08
Speaker 5: and that you would feel guilty and it would reopen
22:10
Speaker 5: the relationship or open a conversation or whatever.
22:12
Speaker 2: That looks like.
22:14
Speaker 5: You're allowed to set and hold those boundaries irrespective of
22:17
Speaker 5: whether or not you know they give you money. But
22:20
Speaker 5: if they did give it to you and it was
22:21
Speaker 5: a gift, then you know that theoretically should come with
22:24
Speaker 5: those strings. That's what we always say, A gift comes
22:26
Speaker 5: with no expectations attached.
22:28
Speaker 3: Exactly what do you think they're I think it's crazy.
22:31
Speaker 3: Who does that, Like doesn't talk to someone and then
22:34
Speaker 3: gives them ten grand Like that's not like, oh, I
22:36
Speaker 3: transferred you one hundred dollars because like years ago I
22:39
Speaker 3: owed you one hundred dollars and I'm finally paying it back,
22:42
Speaker 3: Like this is a different story anyway. I just yeah,
22:47
Speaker 3: I would want to check that it wasn't a mistake,
22:49
Speaker 3: and I would want to make sure that I understood
22:52
Speaker 3: the intention behind it. Is it bad that my brain
22:55
Speaker 3: went immediately to its manipulative it's control, Like, that's not
22:59
Speaker 3: cool from my brain. But I think it's important to
23:03
Speaker 3: check that it's not those things, and then if it is,
23:06
Speaker 3: it is. If it isn't, it isn't. But I would,
23:08
Speaker 3: I guess, proceed with caution, and to be honest, I
23:11
Speaker 3: wouldn't be spending a dollar of it until you understand
23:14
Speaker 3: that it wasn't a mistake, because it would be very
23:17
Speaker 3: awkward if they go, hey, I'm so sorry, Jess. I
23:20
Speaker 3: know you drew this boundary with me, but now I
23:22
Speaker 3: have to reach out to you because I accidently I
23:25
Speaker 3: transferred to you, you know, ten grand and it was
23:28
Speaker 3: actually meant to go to my other friend Jess, or
23:30
Speaker 3: it was meant to be my rent, or it was
23:32
Speaker 3: meant to be something else, and you go, sorry, I
23:34
Speaker 3: already spent it.
23:35
Speaker 4: Yeah, like that would be awkward. So that's where I
23:39
Speaker 4: would go.
23:39
Speaker 2: Yeah, I totally agree.
23:41
Speaker 4: Good call.
23:41
Speaker 2: SHO move into this week's dilemma.
23:43
Speaker 4: We absolutely should.
23:45
Speaker 3: This one is actually something we hear about all too often,
23:49
Speaker 3: so I hope we can share some I guess helpful opinions,
23:51
Speaker 3: thoughts and feelings with you. So they wrote, Hi, Victoria,
23:56
Speaker 3: I'm twenty nine and I earn around one hundred and five.
23:59
Speaker 4: Dollars a year.
24:00
Speaker 3: I've worked really hard to get myself into a good
24:02
Speaker 3: financial position, and I've managed to say about thirty five
24:05
Speaker 3: thousand dollars. But I also have an eighteen thousand dollar
24:09
Speaker 3: hex debt and a twelve thousand dollars car loan. My
24:12
Speaker 3: goal is to buy my first home in the next
24:14
Speaker 3: couple of years, so I know that having cash behind
24:17
Speaker 3: me is really important. But every time I see my
24:20
Speaker 3: car loan now my HEXT balance, I just want to
24:23
Speaker 3: pay it off and be absolutely done with it. I
24:25
Speaker 3: keep hearing people say not all debt is bad debt,
24:28
Speaker 3: but honestly, I just hate owing money. I'm so torn
24:32
Speaker 3: between using my savings to clear these up and enjoying
24:35
Speaker 3: the peace of mind, or leaving my savings alone because
24:38
Speaker 3: I know I'll probably need them for a house deposit
24:40
Speaker 3: and emergencies. How do you know when it's worth paying
24:43
Speaker 3: off a debt early and when you're actually better off
24:47
Speaker 3: keeping the cash.
24:50
Speaker 4: Thoughts?
24:50
Speaker 5: You know, the hex element We've said many, many, many times.
24:53
Speaker 5: HEX is, you know, not the worst debt to have.
24:55
Speaker 5: It's index you're not paying hectic interest on it.
24:58
Speaker 2: It dies when you die.
24:59
Speaker 5: More with the true I would not be too concerned
25:02
Speaker 5: about the HEX. If I was you the car loan,
25:04
Speaker 5: I would be more concerned about. I think though, when
25:08
Speaker 5: you say you might need the money for emergencies, I
25:11
Speaker 5: would like to understand do you have an emergency fund?
25:13
Speaker 5: Because I think before you go spending all the money
25:15
Speaker 5: you have, or like a good chunk of the money
25:17
Speaker 5: that you have, it wouldn't be all of it paying
25:19
Speaker 5: off that debt. Do you have enough to cover yourself
25:24
Speaker 5: for however many months? So like, have you got an
25:26
Speaker 5: emergency fund or is that pool of thirty five thousand
25:29
Speaker 5: every cent that you have to your name. If so,
25:32
Speaker 5: potentially you might not need a thirty five thousand dollars
25:34
Speaker 5: emergency fund. Can you split some of that off depending
25:37
Speaker 5: on your interest rate on the car loan, That's when
25:40
Speaker 5: I would be assessing as to whether or not it's
25:42
Speaker 5: worth paying it off early. I just know that over
25:44
Speaker 5: the term of a car loan, you end up paying
25:46
Speaker 5: sometimes almost double the cost of your car, and so
25:50
Speaker 5: I do feel like I mean, I personally just don't
25:53
Speaker 5: love the idea of paying interest on things if I
25:55
Speaker 5: don't have to keep in mind, when you have a
25:58
Speaker 5: mortgage as well, You're mortgage is subject to change. Like
26:01
Speaker 5: ook at how many times the rates have gone up
26:03
Speaker 5: in the past few years. So while you might say, well,
26:05
Speaker 5: thirty five thousand dollars is enough for my deposit, congratulations,
26:08
Speaker 5: by the way, I'm saving such a huge sum of money,
26:10
Speaker 5: and that's a really exciting time. I think that not
26:14
Speaker 5: having that additional debt would probably free up your cash flow,
26:18
Speaker 5: so that if there were changes with your mortgage, you know,
26:21
Speaker 5: that would be a little easier on you. But all
26:23
Speaker 5: of this will be taken into account if you speak
26:25
Speaker 5: to a mortgage broker, who will look at your assets,
26:27
Speaker 5: your liabilities and kind of give you the breakdown.
26:31
Speaker 4: Exactly. Has just said congratulations, and that's huge, quite a
26:35
Speaker 4: feat And this isn't very helpful. But I'm always confused
26:37
Speaker 4: by car loans because I'm like, I guess I would
26:40
Speaker 4: need one too. I don't really have savings. If my
26:41
Speaker 4: car broke, I would, you know, touch wood, I would
26:43
Speaker 4: need to get take out a loan to get a
26:45
Speaker 4: new one. But that isn't to say that I would
26:48
Speaker 4: get like a big car. I know that people have
26:49
Speaker 4: families that need big cars, but I'm like, that's one
26:52
Speaker 4: thing that I've never understood why people need to spend
26:56
Speaker 4: so much on it.
26:57
Speaker 5: Like it's not the amount that people spend on cars. Yeah,
27:00
Speaker 5: I know, like people getting loans for you know, thirty
27:02
Speaker 5: to fifty thousand dollars back. And I understand cars are
27:04
Speaker 5: expensive and safety and dada da, all of those things.
27:07
Speaker 5: Like I'm not having a go with anyone who's bought
27:08
Speaker 5: a new car, but you can just buy a car
27:12
Speaker 5: for sub ten thousands dollars a job, getting lots of
27:15
Speaker 5: factors to consider, anxiety.
27:18
Speaker 2: And your team.
27:18
Speaker 3: Jess like, yeah, obviously it is an absolute privilege to
27:22
Speaker 3: say this, but if you can't buy it outright, you
27:24
Speaker 3: need to be having a really good think about why
27:26
Speaker 3: you want that particular model.
27:28
Speaker 4: And that particular car. Yeah, exactly. And I think you know,
27:31
Speaker 4: the safety standards and the safety features have they kind
27:35
Speaker 4: of started coming around like twenty ten. At that point,
27:38
Speaker 4: they're like super safe. So anything in the last like
27:41
Speaker 4: fifteen years, you're guaranteed to get like a pretty safe car.
27:44
Speaker 4: So you could definitely go cheaper. But anyway, not to
27:46
Speaker 4: say that you know it's done now and you have
27:48
Speaker 4: a beautiful car hopefully, But yeah, I would say, yes,
27:51
Speaker 4: don't worry about hex at all. It sounds very similar
27:54
Speaker 4: to jest, don't worry about hex, try and pay that debt. Yeah,
27:58
Speaker 4: I guess like it depends on the interest rate, but
27:59
Speaker 4: I know that you storically and maybe like famously, they're
28:01
Speaker 4: not known for having very fair interest rights and you
28:04
Speaker 4: kind of pay some money. So even like, and I
28:08
Speaker 4: don't know if this is the best thing to do,
28:11
Speaker 4: but I would even look at maybe alone that has
28:14
Speaker 4: a better interest rate. That's not necessarily car loan that
28:17
Speaker 4: is just I feel like adding cards, like adding the
28:20
Speaker 4: word wedding to an event and everything goes up a
28:22
Speaker 4: million dollars, And so having a regular loan that is
28:26
Speaker 4: just like way less interest and you know you've done
28:28
Speaker 4: your research on there. Maybe you've got some benefits of
28:31
Speaker 4: freedom fly points or something some random things like that,
28:34
Speaker 4: like have a shop round for a cheaper thing or
28:36
Speaker 4: something that will cost you less in the long run
28:38
Speaker 4: and see if you can paid off with that. And
28:40
Speaker 4: I know it's Victory's probably angry that I'm suggesting getting
28:42
Speaker 4: to know expam, but that is maybe what I would
28:46
Speaker 4: do well, trying to paid off quickly, but don't maybe
28:49
Speaker 4: touch too much of your savings.
28:50
Speaker 3: Yeah, I think I'm just gonna lean into what Jess said.
28:53
Speaker 3: Go talk to a mortgage broker, because we have seen
28:57
Speaker 3: people in our business before who have paid off their
29:01
Speaker 3: HEX debt and gone, oh, I paid off my HEX
29:04
Speaker 3: and you know it meant that I had to save
29:06
Speaker 3: for another year and a half and we go, oh cool,
29:10
Speaker 3: you didn't have to pay off your debt. You could
29:12
Speaker 3: have afforded a house a year and a half ago
29:14
Speaker 3: and the HEX set wouldn't have impacted your serviceability enough
29:18
Speaker 3: to be a worry. And again, the debt doesn't feel
29:21
Speaker 3: good and you want to get rid of it, But
29:23
Speaker 3: talk to a broker because they'll be able to give
29:25
Speaker 3: you a strategy of getting into your first home and
29:28
Speaker 3: what that will look like. We deal with people who
29:30
Speaker 3: have debt all the time. But the important thing is
29:32
Speaker 3: having a conversation because your broker might go, yep, if
29:35
Speaker 3: you can get rid of that car Loan, don't worry
29:38
Speaker 3: about the HEX, this is the strategy, or they might
29:41
Speaker 3: go okay, well, your serviceability with the car loan and
29:43
Speaker 3: with the HEX looks like X. But if you did this,
29:46
Speaker 3: it would look like why go and get some advice
29:48
Speaker 3: from someone who can actually look at your numbers, don't
29:52
Speaker 3: you know? Put your hand up and be like, oh,
29:53
Speaker 3: I'm just going to make a decision that I think
29:55
Speaker 3: makes sense. Seeing a mortgage broker is free. Go and
29:58
Speaker 3: get the free advice and put yourself in the best
30:01
Speaker 3: possible financial position. But also leaning into what Jess said,
30:05
Speaker 3: it sounds like you've just got thirty five thousand dollars
30:07
Speaker 3: in savings and that's cool, but I need you to
30:10
Speaker 3: carve some of that off for your emergency fund and
30:13
Speaker 3: putting that to the side.
30:14
Speaker 4: To never touch.
30:17
Speaker 2: Or buy a house. So there are so many things
30:19
Speaker 2: that just pop up there.
30:20
Speaker 3: Like exactly the money, Yeah, like it costs so much
30:23
Speaker 3: money to have keys cut, Like that's crazy, that's a
30:27
Speaker 3: niche personal reference, please disregard. So we also aside three
30:32
Speaker 3: months and I will talk to you about that reference
30:34
Speaker 3: you pin that and cut back and ask a jest.
30:36
Speaker 4: But not right now. We asked the community.
30:38
Speaker 3: Obviously, what debt would you tackle first? Maybe five percent
30:43
Speaker 3: of you said the car loan, three percent said HEX,
30:45
Speaker 3: and eleven percent of you said neither, I would keep saving. Okay, okay,
30:50
Speaker 3: important to take into consideration that you would probably have
30:53
Speaker 3: a relatively high interest rate on a car loan and
30:55
Speaker 3: we don't want to pay that if.
30:57
Speaker 4: We don't have to. Yes, exactly, Sorry, I just rem
31:00
Speaker 4: but that there are car loan brokers as well. There's
31:01
Speaker 4: one in No like no Mark, you guys can brok
31:04
Speaker 4: or you can just ask me, oh yeah, yeah, are
31:06
Speaker 4: they different anyway you could like refinance a car loan specifically,
31:10
Speaker 4: But they're all the same. Yeah you can, No, they're
31:12
Speaker 4: not all the same.
31:12
Speaker 3: Zeller is better, Zeller is better, exactly exactly.
31:18
Speaker 2: She's always said that.
31:20
Speaker 4: What I've always said, I've never seen anybody else in
31:23
Speaker 4: the entire market. But that's a really good point.
31:26
Speaker 3: You can talk to someone about that. But it's also,
31:29
Speaker 3: I guess important if you did come to us for
31:32
Speaker 3: a car loan, we do ask you a few questions
31:34
Speaker 3: that someone who just buys and sells cars every day
31:37
Speaker 3: they go, oh, yes, yeah, no worries, I can get
31:40
Speaker 3: you a car loon full stop. My team are a
31:42
Speaker 3: little bit more likely to go, oh yes, like I'm
31:44
Speaker 3: really glad that you are buying a new car, Like
31:47
Speaker 3: what's your financial situation?
31:49
Speaker 4: Like is that the right loan for you? Do you
31:52
Speaker 4: think that that?
31:52
Speaker 3: Like, yes, I ask you a few more questions because yes,
31:56
Speaker 3: we do it. Yeah, but we also want to make
31:58
Speaker 3: sure that we're not writing loans that put you in
32:01
Speaker 3: a worse off position. So maybe if you want to
32:03
Speaker 3: be in a worse off position, go see a different broker.
32:05
Speaker 4: But like, yes, true, it's a stolen doing. We could
32:09
Speaker 4: make so much more money if we had less morals.
32:12
Speaker 4: I know, I'm so sorry. I thought they were because
32:14
Speaker 4: car loan broker, mortgage brogger, but I think they probably know.
32:17
Speaker 3: There are people that only do houses. There are people
32:19
Speaker 3: who do assets.
32:21
Speaker 1: All.
32:22
Speaker 4: Yeah, we do everything.
32:23
Speaker 3: We do residential, we do commercial, we do business loans,
32:26
Speaker 3: we do asset finance, like we've financed lasers for people's
32:31
Speaker 3: beauty therapy clinics. We see financed trucks and tractors for farming,
32:36
Speaker 3: like we do everything.
32:37
Speaker 4: Oh amazing, it's crazy. It is really fun.
32:40
Speaker 3: Hell, well, someone comes around and you're like, I need
32:43
Speaker 3: to buy attractor, and I'm like, well, let me work
32:45
Speaker 3: out exactly how I do that. But I've got your
32:48
Speaker 3: back anyway, I've done that one before. So you need
32:51
Speaker 3: a new tractor, you come to me anyway. We also
32:55
Speaker 3: asked the community, if you suddenly had enough money to
32:57
Speaker 3: clear all of your debt, would you what do you
32:59
Speaker 3: reckon that sits at Oh?
33:02
Speaker 5: I in my head, I'm imagining, like like our last question,
33:04
Speaker 5: like a lot of it's just popped up in my account.
33:07
Speaker 5: It's like if it did absolutely unclearing the debt.
33:09
Speaker 3: Who were well, only thirty nine percent of you said
33:12
Speaker 3: immediately yes, really yeah, Forty three percent said it would
33:16
Speaker 3: actually depend on the debt, seventeen percent said only some
33:19
Speaker 3: of it, and two percent said no, I'd continue saving okay,
33:22
Speaker 3: seeing I know, huh.
33:24
Speaker 5: Maybe some people are get agree to get some financial
33:25
Speaker 5: advice because they come into a sum of money.
33:28
Speaker 3: The next question we asked was which would genuinely make
33:31
Speaker 3: you feel more financially secure. We asked, would it be
33:35
Speaker 3: being completely debt free or having a healthy savings account?
33:39
Speaker 2: Oh, that's a tough one.
33:41
Speaker 4: What do you reckon? The split was I reckon it's.
33:43
Speaker 2: Like fifty to fifty. I think thirty nine to fifty one?
33:46
Speaker 4: No one quick, I reckon mostly having healthy savings.
33:53
Speaker 3: Jess was right until she questioned us, yea it was
33:57
Speaker 3: fifty to fifty exactly on the dots.
34:00
Speaker 2: That's crazy.
34:01
Speaker 1: Yeah.
34:02
Speaker 3: We then asked what's your two cents and you had
34:04
Speaker 3: a lot to say, mostly get rid of the car loan,
34:08
Speaker 3: but leave the hex debt.
34:10
Speaker 4: It will sit and pay itself down over timegally.
34:13
Speaker 3: Someone else said, pay the car loan post and then
34:15
Speaker 3: speak to a broker about paying off a hex debt
34:17
Speaker 3: and whether it's a good strategy. Someone said, define your
34:20
Speaker 3: debts so it will make more sense. They said, if
34:23
Speaker 3: you understand what is consumer debt and what is hex
34:26
Speaker 3: and helpful debt, that might be helpful for you. Another
34:29
Speaker 3: person said, if you have a healthy savings account, pause
34:32
Speaker 3: that for a bit and then focus on the car
34:34
Speaker 3: loan until it's paid off. Another person said good debt
34:37
Speaker 3: and bad debt are different. Good debt is your home
34:39
Speaker 3: loan that you'll get in the future, and a bad
34:41
Speaker 3: debt is a car loan. Another person said, well, what's
34:44
Speaker 3: better for you having extra money in shares or for
34:48
Speaker 3: a home loan or extra money to pay off a
34:50
Speaker 3: car loan, which I thought was really important. Another person said,
34:55
Speaker 3: we refinanced our home recently and we all advised to
34:58
Speaker 3: clear our car loan debt first, so that's a good
35:01
Speaker 3: like I've done this for you. Another person said, if
35:05
Speaker 3: one might help you sleep better at night, that's probably
35:08
Speaker 3: the one you should prioritize, which I often say. Another
35:12
Speaker 3: person said, if the loan term ends by the time
35:14
Speaker 3: you're planning to buy anyway, maybe I wouldn't bother. So
35:17
Speaker 3: there's a lot of like different things on the table,
35:20
Speaker 3: I suppose about advice, but I think.
35:23
Speaker 4: My number one thing would be talked to a broker.
35:25
Speaker 3: Yeah, and just say, hey, I'm in a position where
35:28
Speaker 3: I want to buy a house in the next three
35:30
Speaker 3: to five years. I've got thirty five thousand dollars in savings,
35:33
Speaker 3: I've got a car loan, got a hextet, here's my salary,
35:36
Speaker 3: and a broker will be able to give you.
35:37
Speaker 4: A number of different scenarios.
35:40
Speaker 3: Well, this is what it would look like if you
35:41
Speaker 3: paid off your car loan, this is what it would
35:43
Speaker 3: look like if you had no hex debt, and then
35:44
Speaker 3: you can make the decision that makes sense for you.
35:47
Speaker 5: Yeah, and if you want to know more about the
35:48
Speaker 5: different kinds of debt, We've run an episode in our
35:50
Speaker 5: summer series earlier in dr about managing debt. We'll link
35:53
Speaker 5: in the show notes and that kind of goes over
35:56
Speaker 5: you know, what is good debt, what is bad debt,
35:57
Speaker 5: the things you might want to consider in a bit
35:59
Speaker 5: more depth if you do want to go over that
36:01
Speaker 5: and have a bit more understanding.
36:02
Speaker 4: We've got our fingers on the pulse. We know what
36:04
Speaker 4: questions you guys have before we even have them exactly,
36:07
Speaker 4: and we've already made that episode. All right.
36:09
Speaker 3: I think that this is unfortunately all we have time
36:11
Speaker 3: for today, and at the end of the day, whatever
36:13
Speaker 3: you decide should support your financial goals and your personal
36:16
Speaker 3: money story, and it's your decision to make. We just
36:18
Speaker 3: hear it away in with some helpful opinions, but opinions
36:22
Speaker 3: are like we'll just move on from that anyway.
36:26
Speaker 4: My friends. That concludes our Friday Drinks episode.
36:30
Speaker 3: I hope that you've left feeling refreshed and invigorated for
36:33
Speaker 3: the weekend that will be Thank you so much for
36:35
Speaker 3: joining us for a little fizzy ddition if she's on
36:38
Speaker 3: the money, and for being a part of our community.
36:40
Speaker 3: Please make sure that you are subscribed so that you
36:42
Speaker 3: never miss an episode, and we'll chat to you next week.
36:45
Speaker 4: Money Diary, Deep Dive.
36:46
Speaker 2: And all bye ay bye bye.
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