Latest / She's On The Money / A Journey to Safety and Security

Transcript

A Journey to Safety and Security · She's On The Money

0:00
Speaker 1: Hello.
0:01
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
0:05
Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we
0:08
Speaker 2: get started on She's on the Money podcast, I would
0:11
Speaker 2: like to acknowledge the traditional custodians of the land of
0:14
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
0:18
Speaker 2: the elders, the ancestors and the next generation coming through
0:23
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
0:27
Speaker 2: the storytelling of you to make a difference for today
0:31
Speaker 2: and lasting impact for tomorrow.
0:33
Speaker 1: Let's get into it. She's on the Money, She's on
0:37
Speaker 1: the Money. Before I read out this money, Darry, I
0:59
Speaker 1: just want to give you guys a bit of a
1:01
Speaker 1: content warning. This week's episode does discuss in a bit
1:05
Speaker 1: more detail than usual domestic abuse, and I think it's
1:07
Speaker 1: really important to have that conversation in saying that if
1:11
Speaker 1: you aren't ready for that conversation, you're not in the
1:13
Speaker 1: mood or it's not a topic that you would like
1:15
Speaker 1: to broach today. We have so many episodes backlogged for
1:19
Speaker 1: you that you can go back and listen to. I
1:21
Speaker 1: promise there's literally one hundreds so just stop the recording
1:24
Speaker 1: here and jump onto another episode. But if you're staying one,
1:27
Speaker 1: thank you. I think that this is a beautiful conversation
1:30
Speaker 1: that I've had with our Money direst today. But it's
1:32
Speaker 1: also really worth noting that on average, one woman a
1:35
Speaker 1: week is murdered by her current or former partner, and
1:38
Speaker 1: last year, five six hundred and six women, which averages
1:42
Speaker 1: to fifteen women per day, were hospitalized due to family
1:45
Speaker 1: and domestic violence. One in four women twenty seven percent
1:50
Speaker 1: have experienced violence, emotional abuse, or economic abuse by cohabitating
1:55
Speaker 1: partners since the age of fifteen. So this isn't just
1:58
Speaker 1: a conversation for today, It's a broad conversation that we
2:01
Speaker 1: really need to be having. So here's the message that
2:03
Speaker 1: I got this week. Hi, Victoria. I grew up with
2:06
Speaker 1: a domestic abuser as a father and lived in a
2:08
Speaker 1: refuge with my mum and brothers for eight months. Not
2:12
Speaker 1: only was I the first in my family to ever
2:14
Speaker 1: go to university, I now have a bachelor's and a
2:18
Speaker 1: master's degree and work my absolute dream job as a teacher.
2:22
Speaker 1: I completed my masters while having a baby and would
2:26
Speaker 1: love to tell my story Money.
2:28
Speaker 3: Diarist, what the heck, it sounds really surreal to hear
2:32
Speaker 3: that back. Actually, it sounds like it's not even my story.
2:36
Speaker 3: Like I listen to that and think, wow, that sounds amazing,
2:38
Speaker 3: and then I'm like, oh my gosh, that's me, that's you.
2:42
Speaker 1: That's actually one of my favorite parts of Money Diaries
2:44
Speaker 1: is that moment where I get to read that and
2:47
Speaker 1: nobody else can see it, because obviously we don't video
2:49
Speaker 1: record Money Diaries because that would ruin the anonymity of it. Right, Yeah,
2:55
Speaker 1: I can see you, And it's very wholesome watching people
2:59
Speaker 1: have this story is read back to them because of
3:02
Speaker 1: how they're like, oh wait, that's kind of cool, isn't it.
3:04
Speaker 3: Yeah.
3:05
Speaker 1: I love that moment of reflection where they're like, I'm
3:08
Speaker 1: kind of cool. I know, like I've done some stuff.
3:10
Speaker 1: I've done some things like I actually killed it. Hey.
3:13
Speaker 3: Yeah. I think for me, like, I'm always really hard
3:15
Speaker 3: on myself, and I think, like, you know, what do
3:18
Speaker 3: I have to show for all these years that I've
3:20
Speaker 3: been working. But hearing that back, I think, Wow, like
3:22
Speaker 3: I've accomplished a lot.
3:23
Speaker 1: Yes you have, my friend, let's jump into a diary.
3:26
Speaker 1: I have so many questions for you. But the first
3:29
Speaker 1: one is what would you grade your money habits if
3:31
Speaker 1: I asked you to give them a grade from A
3:33
Speaker 1: through to F.
3:35
Speaker 3: Okay, this was a bit tricky because at the moment,
3:37
Speaker 3: as a teacher, I am doing reports for my students,
3:40
Speaker 3: and the criteria is very set out. What does a
3:43
Speaker 3: C look like? What does a B look like? So
3:45
Speaker 3: I have given myself a B, but I was leading
3:49
Speaker 3: towards a C. But I've decided on a BE.
3:51
Speaker 1: All Right, We'll learn more about that as the episode progresses,
3:54
Speaker 1: But I want to know now, my friend, can you
3:55
Speaker 1: tell me a little bit more about your money story.
3:59
Speaker 3: I grew up mostly with a single mum. After we
4:02
Speaker 3: escaped from domestic violence. It was just myself, my mum,
4:05
Speaker 3: and my two brothers. We lived in a women and
4:08
Speaker 3: children's refuge for about eight months when I was about
4:11
Speaker 3: seven years old, and then after that we moved into
4:14
Speaker 3: kind of government housing where we lived for most of
4:17
Speaker 3: my life. So we spent a long time, I guess,
4:19
Speaker 3: rebuilding our lives. When we escaped that situation, we had
4:24
Speaker 3: absolutely nothing. We had no furniture, we had no clothing.
4:27
Speaker 3: We really only had each other. I really saw money
4:30
Speaker 3: as a privilege, and I guess never really wanted to
4:34
Speaker 3: take advantage of it because I saw how hard my
4:37
Speaker 3: mom worked for it. I've also got some really vivid
4:41
Speaker 3: memories where we would have, say, rented or put an
4:47
Speaker 3: item like a washing machine on finance and then those
4:51
Speaker 3: payments can be made, So those things were I guess
4:54
Speaker 3: taken away. So I've always seen money as a privilege
4:59
Speaker 3: and something that once you have it, you need to
5:01
Speaker 3: really look after it and be careful with it. I
5:04
Speaker 3: guess on the flip side of that, though, my mom
5:07
Speaker 3: she really did give us everything that she could a queen. Absolutely,
5:11
Speaker 3: I never felt like I missed out. She took advantage
5:13
Speaker 3: of things like layby to make sure that we always
5:16
Speaker 3: had what she thought we deserved. You know, at Christmas
5:18
Speaker 3: and birthdays, we even sometimes got things from like charities.
5:22
Speaker 3: But even talking to my mom now as an adult,
5:25
Speaker 3: she always says to me, you know, she always felt
5:27
Speaker 3: really guilty for taking that because she felt like there
5:29
Speaker 3: was other families who needed it so much more than
5:32
Speaker 3: we did. But those things really saved us at that
5:35
Speaker 3: time because without those things, you know, we wouldn't have
5:37
Speaker 3: had school uniforms, we wouldn't have had school supplies, and
5:40
Speaker 3: my Mom did everything she could, but as I got older,
5:43
Speaker 3: I really wanted to start earning my own money, mainly
5:46
Speaker 3: so I could help out and I guess take some
5:47
Speaker 3: of that financial burden off my mom. But I didn't
5:52
Speaker 3: really think about the future. There was no forward planning.
5:56
Speaker 3: It was just I would work, I would save, I
5:58
Speaker 3: would spend, and then I would to repeat that cycle.
6:02
Speaker 3: So I was really lucky in the sense that I
6:03
Speaker 3: got to do a lot of travel in that time.
6:06
Speaker 3: I was able to fund my lifestyle where I was
6:08
Speaker 3: at UNI as well without having to rely on anyone else,
6:11
Speaker 3: obviously with a heck stet to go along with it.
6:14
Speaker 3: But I was also told that, like, credit cards are
6:16
Speaker 3: really bad, and I think that was, I guess a
6:19
Speaker 3: savior for me because I always wanted to stay really
6:22
Speaker 3: clear of it. So I worked all the way through UNI,
6:26
Speaker 3: and then after UNI, I was like, well, I just
6:28
Speaker 3: want to keep working, So that's what I did. And
6:31
Speaker 3: then when I got to my mid twenties, it's just
6:33
Speaker 3: about to turn twenty five, I kind of looked at
6:36
Speaker 3: it and thought, I've been working since I was, you know,
6:38
Speaker 3: thirteen years old, and what do I have. So that's
6:42
Speaker 3: when I decided to make a change. And I said
6:44
Speaker 3: to my now husband that I want to go back
6:47
Speaker 3: to UNI. I want to do something that I'm really
6:49
Speaker 3: passionate about and that's going to set me up financially.
6:53
Speaker 3: And then I found it. I was pregnant. Congrat thank you.
6:57
Speaker 3: So I said to my husband, you know, obviously this
6:59
Speaker 3: is going.
7:00
Speaker 1: To be challenging.
7:02
Speaker 3: Yes, challenging is a word for it. But you know,
7:05
Speaker 3: I said to him, are you still happy for me
7:07
Speaker 3: to go back to UNI? It means going part time
7:09
Speaker 3: even when I returned from Attorney Leaf And he said, absolutely,
7:12
Speaker 3: a supportive king, I love this, absolutely yes. So basically
7:18
Speaker 3: I went back to UNI, and then I had my son,
7:20
Speaker 3: and then when I did go back to work, it
7:22
Speaker 3: was just a couple of days a week while still
7:24
Speaker 3: doing UNI, which was technically full time, and having my
7:27
Speaker 3: son as well.
7:28
Speaker 1: Because he didn't have enough on with a newborn.
7:30
Speaker 3: No. I know, I look back at now and I'm like,
7:33
Speaker 3: how did I do that? I would literally have him
7:36
Speaker 3: asleep on me with my laptop like over him, completing
7:40
Speaker 3: my assignments. And I think about it now and I'm like,
7:43
Speaker 3: how did I even get through that time?
7:47
Speaker 1: But do you look back and go holy heck, I'm
7:49
Speaker 1: so proud of myself.
7:50
Speaker 2: Yeah.
7:51
Speaker 3: I think my graduation day was that day where I
7:53
Speaker 3: was like, wow, you know I made it, you did it. Yeah,
7:57
Speaker 3: because there was times, you know, especially financial, where it
8:00
Speaker 3: was hard. And I said to my husband like, I
8:03
Speaker 3: can defer, you know, I can put a pause on it,
8:05
Speaker 3: and I can go back and work more hours if
8:08
Speaker 3: we need to. But he was really amazing and saying, no,
8:10
Speaker 3: you know, get through it, get it done, and then
8:13
Speaker 3: when we're on the other side of it is when
8:15
Speaker 3: we'll see the benefits.
8:16
Speaker 1: I love it. That's what we want to hear. That's
8:18
Speaker 1: the type of relationship we want a champion, right, Yeah,
8:22
Speaker 1: So tell me a little bit more. I want to
8:24
Speaker 1: be asking pervy details. How old are you now?
8:27
Speaker 3: So I'm just about to turn twenty nine.
8:29
Speaker 1: Twenty nine, and you've achieved all this already, you look
8:32
Speaker 1: very young. But I was like, oh, she has to
8:33
Speaker 1: be in her thirties like now, obviously, no, she has
8:36
Speaker 1: to be where I'm at, Like, no way. And how
8:38
Speaker 1: old were you when you had your bambinie?
8:41
Speaker 3: So he came just before I ten twenty six?
8:43
Speaker 1: Oh my gosh, so.
8:45
Speaker 3: He's three now?
8:46
Speaker 1: Three is such a special age. I feel like they
8:48
Speaker 1: think they're so funny at three.
8:49
Speaker 3: Oh he thinks he's like fourteen.
8:53
Speaker 1: Yeah, it's like three going on thirteen. He's a genius. Yeah, literally,
8:57
Speaker 1: Oh my gosh, all right, is it okay if I
8:59
Speaker 1: peer back to the conversation before we go further in
9:02
Speaker 1: the Money Diary to talk a bit more about domestic violence?
9:06
Speaker 3: Absolutely?
9:07
Speaker 1: I feel like this is a topic that we don't
9:09
Speaker 1: talk about enough. And recently one of my good friends,
9:13
Speaker 1: Moana Hope, opened up on social media about her upbringing
9:17
Speaker 1: and how she went through a very dramatic domestic violence situation.
9:22
Speaker 1: And it's one of those things that you know you
9:25
Speaker 1: mentioned before you were like, we left, I had a
9:27
Speaker 1: domestic abuser as a father. My mom, you know, took
9:31
Speaker 1: us to a refuge and I lived there for eight months.
9:34
Speaker 1: And I know immediately that that's not where the story
9:38
Speaker 1: just ended, right, Like, obviously that might have been the
9:41
Speaker 1: final straw, the final time she left, the final time
9:43
Speaker 1: it worked. But growing up you said you were about seven,
9:48
Speaker 1: was that something that you were super aware of? Was
9:50
Speaker 1: that a shock to you?
9:52
Speaker 2: Like?
9:52
Speaker 1: How long was that process before your mum was like
9:55
Speaker 1: I can't do this? We are absolutely going to move out.
9:58
Speaker 1: We're going to have nothing, but we will have each other,
10:01
Speaker 1: and that's the best thing for my family. Like, how
10:03
Speaker 1: did she make that decision that you're aware of?
10:06
Speaker 3: Good question. So obviously I was quite young. I don't
10:09
Speaker 3: remember a whole lot of it, but as an adult,
10:12
Speaker 3: my mum and I have had a lot more open
10:14
Speaker 3: conversations about it. They were together for ten years and
10:18
Speaker 3: my mom fell pregnant with my brother when she was
10:20
Speaker 3: only seventeen, so she had the kind of mentality that
10:24
Speaker 3: was like, I made my bed, I need to lie
10:27
Speaker 3: in it. So she kind of was like, well, this
10:30
Speaker 3: is what I guess the consequences of my actions is
10:35
Speaker 3: now that I'm stuck in a relationship with this man
10:37
Speaker 3: because he's the father of my children. So it went
10:40
Speaker 3: on for quite a while. I remember leaving more than
10:45
Speaker 3: just the one time. I remember one night in particular,
10:50
Speaker 3: very vividly, which I won't get into the details, but
10:54
Speaker 3: you know, I remember there being police involved, I remember
10:56
Speaker 3: there being other people. I remember us having to just
10:58
Speaker 3: get up and just leave. And then within a matter
11:02
Speaker 3: of days we were doing the same thing again because
11:05
Speaker 3: we had been found. And that happened multiple times before
11:10
Speaker 3: the point that. We then went into police protection and
11:13
Speaker 3: moved into the refuge where we were able to stay
11:15
Speaker 3: for eight months, and luckily we were able to stay
11:19
Speaker 3: in our same state. My mum, that's where she drew
11:22
Speaker 3: the line. She said, you know, I'm not going to
11:24
Speaker 3: leave my family. But we did have to move around
11:27
Speaker 3: a lot before we were able to find that home base. Afterwards,
11:32
Speaker 3: we had to go through a lot of court proceedings.
11:36
Speaker 3: My father actually ended up going to prison, which I
11:40
Speaker 3: guess is a bit of a win because he had
11:42
Speaker 3: some consequences.
11:43
Speaker 1: Massive win, Yeah, because it doesn't often happen. No, exactly,
11:47
Speaker 1: it doesn't often happen, and that's one of the worst parts,
11:50
Speaker 1: Like people get away with this and they need to
11:52
Speaker 1: be held accountable for their actions.
11:55
Speaker 3: Yeah, and you know, it's sad to think that it
11:57
Speaker 3: took ten years of her going through that for it
12:00
Speaker 3: to get to that point. But luckily she had some
12:03
Speaker 3: people championing for her. She had some of our local
12:06
Speaker 3: police who really put the work in for that to
12:09
Speaker 3: support her and to support us as well, so we
12:12
Speaker 3: were able to get that and then once he was
12:15
Speaker 3: in prison, we were able to start I guess, rebuilding
12:17
Speaker 3: our lives and get back to a sense of security.
12:20
Speaker 3: But I still very, very vividly remember the day that
12:24
Speaker 3: I found out that he got out of prison, and
12:26
Speaker 3: I guess the fear that came over me, even as
12:31
Speaker 3: such a small child, because I remembered the amount of
12:34
Speaker 3: times that we had to completely leave our lives behind
12:38
Speaker 3: in hopes of finding something better and it not working out.
12:42
Speaker 1: Yeah, wow, what does that look like? Now, I'm going
12:46
Speaker 1: to draw a grand assumption that you're probably not in
12:48
Speaker 1: contact with your dad.
12:49
Speaker 3: No, absolutely not. So he has reached out to me
12:53
Speaker 3: on Facebook before, and I've just ignored the messages. Usually
12:56
Speaker 3: it's a guilt trip.
12:57
Speaker 1: Now you don't get that privilege, sir.
12:59
Speaker 3: No, you know, I've never even responded or given him
13:03
Speaker 3: the time of day. My brothers, on the other hand,
13:06
Speaker 3: have reached out to him and have spoken to him
13:09
Speaker 3: on occasion. But I've always been really blunt with my
13:12
Speaker 3: brothers and said, my life is not for him to
13:15
Speaker 3: know unless I decide that. So they've been really good
13:17
Speaker 3: at honoring that. So he doesn't know that I have
13:21
Speaker 3: a son. He doesn't know that I'm married, and when
13:24
Speaker 3: I did get married on Facebook, I made sure that
13:26
Speaker 3: I blocked him and all of his family, so they
13:29
Speaker 3: didn't see my change of names, so that I wasn't
13:31
Speaker 3: dragging anyone else into that as well.
13:33
Speaker 1: I love that you protect your family so fiercely, yes,
13:36
Speaker 1: but it also breaks my heart that you have to
13:38
Speaker 1: do that, Like it makes me really sad that that's
13:42
Speaker 1: a necessary step that now, as a twenty nine year
13:45
Speaker 1: old adult, having went through that situation at the age
13:48
Speaker 1: of seven, you're now still having to protect your family
13:52
Speaker 1: from these situations. Are your brothers younger than you?
13:56
Speaker 3: One is older and one is younger?
13:58
Speaker 1: And tell me now about your mind. How's mum? Is
14:01
Speaker 1: she doing well?
14:02
Speaker 2: Like?
14:02
Speaker 1: What does she get up to?
14:04
Speaker 3: Yeah, she's amazing. She's not married, but she's been with
14:08
Speaker 3: her partner for gosh, like fifteen years probably more. Oh,
14:12
Speaker 3: I love this, Yes, And she since had another child,
14:16
Speaker 3: So when I was sixteen, she had another baby. So
14:18
Speaker 3: I've got an even younger brother and he's amazing as well.
14:21
Speaker 3: But she is just, I honestly don't know how to
14:25
Speaker 3: describe it, Like she's thriving. She really is like everything
14:28
Speaker 3: that she went through. Honestly, if you met her, she's
14:31
Speaker 3: the nicest, sweetest, happiest person that you'll ever meet. Because
14:35
Speaker 3: she just sees that she went through all this, but
14:38
Speaker 3: she came out on the other side, and from that,
14:40
Speaker 3: you know, she has these three beautiful children that she
14:42
Speaker 3: loves more than anything in the whole world. And every
14:45
Speaker 3: single time I see her, I feel that love. Every
14:47
Speaker 3: single time I speak to her, I feel that love.
14:49
Speaker 3: And now I'm able to see that love that she
14:52
Speaker 3: gives to my son as well her grandson.
14:55
Speaker 1: Oh, I'm obsessed. I love this. It's so nice to
14:57
Speaker 1: have a conversation with somebody about a circum stance that
15:00
Speaker 1: arguably happened so long ago. Because there are going to
15:04
Speaker 1: be people in our community who are kind of in
15:05
Speaker 1: the midst of this. They might have tried to leave,
15:07
Speaker 1: They might have left a number of times. They might be,
15:10
Speaker 1: you know, in the refuge right now, going does this
15:12
Speaker 1: get any better? I cannot see the light at the
15:15
Speaker 1: end of the tunnel. And now you're telling me about
15:17
Speaker 1: how your mom is thriving and she has a gorgeous partner,
15:20
Speaker 1: and she's had more babies and she's just living her
15:22
Speaker 1: best life. Like, look at the daughter she has. Now
15:25
Speaker 1: she has a grandson. Like all of this stuff that
15:28
Speaker 1: I think a lot of people don't get to see
15:30
Speaker 1: like they don't get to see it in the moment because,
15:33
Speaker 1: as you said before, you leave with literally nothing but
15:36
Speaker 1: each other and now you've rebuilt your lives like Ah,
15:39
Speaker 1: just makes me so happy for you.
15:41
Speaker 3: I know. And she has honestly three kids, even though
15:44
Speaker 3: I'm the only one who went to university, She's got
15:47
Speaker 3: three kids who are successful, who are independent. You know,
15:49
Speaker 3: she can look back and think that she did a
15:51
Speaker 3: really good job with.
15:52
Speaker 1: Them, Adore, And she did. She did the best she
15:54
Speaker 1: could with everything that she had.
15:56
Speaker 3: She did absolutely.
15:57
Speaker 1: Ah. All right, I want to know a little bit
15:59
Speaker 1: more about your money story, so let's jump back into
16:02
Speaker 1: the questions. Thank you for sharing that though, I think
16:03
Speaker 1: it's really really powerful. Tell me more. In your letter
16:07
Speaker 1: you said I have my absolute dream job as a teacher.
16:10
Speaker 1: So tell me what do you do for work specifically
16:12
Speaker 1: and how much money do you earn?
16:13
Speaker 3: So I'm a teacher in Western Australia, so at the
16:16
Speaker 3: moment I earn eighty five and twenty dollars and as
16:20
Speaker 3: of January next year that goes up to ninety two
16:23
Speaker 3: thousand and eighty dollars.
16:25
Speaker 1: Very nice. Does that include or exclude super?
16:28
Speaker 3: That excludes super?
16:29
Speaker 1: Also super's on top. Yes, Oh that's very nice.
16:33
Speaker 3: And the holidays are very nice as well.
16:36
Speaker 1: Yeah, I feel like obviously teachers do so much more
16:38
Speaker 1: work than people give them credit for, so like the
16:41
Speaker 1: holidays would be nice. But I'm assuming you're doing a
16:43
Speaker 1: lot of planning during that time. But at least you
16:45
Speaker 1: don't have to be at work.
16:46
Speaker 3: Yes, exactly, I can do it when I feel like it.
16:49
Speaker 1: That's an absolute weird Now, tell me a bit more
16:51
Speaker 1: about your big money goals. What are you currently working towards.
16:55
Speaker 3: This was a bit of a tricky question because there's
16:57
Speaker 3: nothing in particular at the moment that I'm saving for.
17:00
Speaker 3: But I guess my really big money goal is to
17:02
Speaker 3: create a bit of financial stability for my son and
17:05
Speaker 3: to set him up and get him started so that
17:07
Speaker 3: once he reaches an age where he can have access
17:11
Speaker 3: to some money to get him started into adulthood. He's
17:14
Speaker 3: got that there, but that also he has the financial
17:19
Speaker 3: literacy to understand how he can spend or save or
17:23
Speaker 3: invest that money.
17:24
Speaker 1: I'm obsessed. I'm obsessed about seven year old. You never
17:28
Speaker 1: thought that this would be a possibility, Like, that's crazy
17:31
Speaker 1: to think that you're now talking about creating financial stability
17:34
Speaker 1: for a three year old, like, ah, I'm obsessed. I
17:37
Speaker 1: love it. Let's go to a really quick break because
17:39
Speaker 1: I have so many questions for you, but I think
17:41
Speaker 1: we need to grab a cover and come back after
17:44
Speaker 1: this short break. All right, money Diaris, let's jump straight
17:51
Speaker 1: back into it. Before you mentioned that you're working towards
17:54
Speaker 1: creating some financial stability for your son and you kind
17:56
Speaker 1: of want to get him to understand investments and savings
17:59
Speaker 1: and how all that works. Do you currently have any investments?
18:02
Speaker 1: If so, what are they? If not, what's the plan?
18:06
Speaker 3: So for myself, I've got my super so at the moment,
18:09
Speaker 3: I have two super accounts, which is a total of
18:12
Speaker 3: forty one, five hundred and four dollars, and then I
18:16
Speaker 3: have started doubling in rays as well, so at the moment,
18:19
Speaker 3: I've got six hundred dollars in race.
18:21
Speaker 1: Tell me why you have two super accounts.
18:23
Speaker 3: When I became a teacher, I started doing casual and
18:28
Speaker 3: so I signed up with the government super fund. But
18:32
Speaker 3: I didn't have any insurances on that because I was casual,
18:34
Speaker 3: So I kept my original superfund until I became full
18:39
Speaker 3: time and then my insurance is kicked in. But I
18:43
Speaker 3: haven't sat down and compared them. Just briefly looking at them.
18:47
Speaker 3: There are some differences, so I just want to make
18:49
Speaker 3: sure that I'm choosing the one that is the best
18:52
Speaker 3: for me. I just haven't had the time to sit
18:54
Speaker 3: through and go through and compare them.
18:56
Speaker 1: At this stage, I'm obsessed. I was like, I wonder
18:58
Speaker 1: why she has two Is it because she hasn't done
19:00
Speaker 1: it or is it because one has insurance and the
19:02
Speaker 1: other doesn't. And you said that that's the reason, and
19:04
Speaker 1: that's a very good reason to have two super accounts.
19:08
Speaker 1: I talk a lot on the podcast, obviously about the
19:10
Speaker 1: importance of insurance, especially when you have bambinies. It's something
19:14
Speaker 1: that I'm currently going through the process of revisiting because
19:18
Speaker 1: my needs are changing. Right Like, historically I just had
19:21
Speaker 1: a boyfriend and we rented a house when I established
19:24
Speaker 1: all of my insurances. Now we have a mortgage, and yes,
19:28
Speaker 1: I have updated my insurances since then, but my needs
19:31
Speaker 1: have changed dramatically. Now I'm like, ah, I'm having a
19:33
Speaker 1: baby next year. What the heck? Like, I'm going to
19:36
Speaker 1: need a lot more life insurance. What happens if something
19:38
Speaker 1: happened to me? What happens if something happens to my
19:40
Speaker 1: husband and I'm currently working I'll tell you who it
19:43
Speaker 1: is because I feel like I'm going to get a
19:44
Speaker 1: lot of DMS about this. I'm currently working with Fuel
19:46
Speaker 1: from Sky Wealth, and I'll put all of the info
19:48
Speaker 1: for him in the show notes. But money Dirist, I'm
19:51
Speaker 1: going to introduce you to him too, so he can
19:53
Speaker 1: have a look at everything for you and go, this
19:56
Speaker 1: is what you should be doing, because if you're going
19:58
Speaker 1: to get insurance, especially personal insurances like life insurance, TPD,
20:04
Speaker 1: income protection, you're looking at, you know, death insurance. I
20:08
Speaker 1: think it's so important to get it right the first
20:11
Speaker 1: time because retail policies are very different to the policies
20:15
Speaker 1: that you can get with a financial advisor. And I
20:18
Speaker 1: feel like financial advice for the longest time has been
20:21
Speaker 1: exorbitantly prohibitive. It's one of the reasons I left the
20:24
Speaker 1: industry as an advisor because I was like, I can't
20:27
Speaker 1: justifiably have to charge what I have to charge, Like
20:30
Speaker 1: I was having to charge between three and a half
20:32
Speaker 1: thousand and eight thousand dollars for the advice I was giving,
20:35
Speaker 1: not because I was taking the mickey, but because it
20:37
Speaker 1: was too expensive. And feel he just does insurance. So
20:41
Speaker 1: like your fees are about three ninety five, that's money in,
20:44
Speaker 1: it's money in. Anyway, we'll work it out so that
20:46
Speaker 1: you don't have to pay fees, but don't tell anybody else.
20:49
Speaker 1: So moving on money diarist, Do you have any debts?
20:53
Speaker 1: If so, what are they tell me about them?
20:56
Speaker 3: Yes? I do. Unfortunately I have a central In debt
20:59
Speaker 3: which is three hundred eighty seven dollars. Other than that, no,
21:02
Speaker 3: I have no other debts besides my hex which is
21:04
Speaker 3: about thirty three nine hundred dollars.
21:07
Speaker 1: Tell me how you ended up with a Centilink debt?
21:09
Speaker 1: What does that mean? How does that work? I feel
21:11
Speaker 1: like every time someone says I have a cent Link debt,
21:13
Speaker 1: it's always this really frustrating tale of it being cent
21:16
Speaker 1: Link's fault. So tell me.
21:18
Speaker 3: So we get childcare subsidy because my son goes to
21:21
Speaker 3: daycare three days a week, and apparently they overpaid us.
21:25
Speaker 3: So now we owed them seven hundred and eighty dollars,
21:28
Speaker 3: which I wasn't aware of until my childcare subsidy came
21:31
Speaker 3: out at a lower rate I locked into Centilink, and
21:34
Speaker 3: then they told me that I owed them seven hundred
21:36
Speaker 3: and eighty.
21:36
Speaker 1: Dollars ew And were you mad about that? Because I
21:38
Speaker 1: would have been really mad about that.
21:40
Speaker 3: I was more mad that I didn't get any notification,
21:44
Speaker 3: Like the notification was just inside Centilink, which I never
21:47
Speaker 3: log into sentilink to just check my notifications.
21:50
Speaker 1: Yeah, why would you. I'm just doing what I was
21:53
Speaker 1: meant to do.
21:54
Speaker 3: Right, And then I would have just paid it, but
21:56
Speaker 3: they had already started taking it out of my upcoming
22:00
Speaker 3: childcare subsidy payments, So I'm just leaving it until it's done.
22:04
Speaker 3: And it's about halfway through now, so it should be
22:06
Speaker 3: gone soon.
22:07
Speaker 1: Oh easy, So you don't have to like cough up
22:09
Speaker 1: the extra three hundred ishbucks right now, like they're just
22:12
Speaker 1: going to even it out for you.
22:15
Speaker 3: Yeah, they just take out twenty percent of what you
22:17
Speaker 3: would normally get for your childcare subsidy until that amount
22:20
Speaker 3: has paid off.
22:21
Speaker 1: Okay, I'm not too mad about that. I thought that
22:23
Speaker 1: they were going to slam you with a bill that
22:24
Speaker 1: you hadn't expected, and I would have been like, guys,
22:26
Speaker 1: it's cost of living crisis. Cut that out absolutely, I know.
22:30
Speaker 3: But it's frustrating because your childcare subsidy is based off
22:34
Speaker 3: your estimate of how much you earn in the year.
22:36
Speaker 1: I was about to ask about this.
22:37
Speaker 3: And then obviously once you submit your tax return, then
22:41
Speaker 3: they even it out. Yeah okay, So essentially they had
22:44
Speaker 3: paid us more than what we were entitled to, so
22:48
Speaker 3: then we have to pay them back.
22:49
Speaker 1: Yeah, okay, that makes sense. While we here talking about childcare,
22:53
Speaker 1: as somebody who is looking into childcare at the moment
22:56
Speaker 1: and has been horrified at how much it costs, tell
22:59
Speaker 1: me about your child care experience. You're in wa So
23:01
Speaker 1: what do you pay? Like you said that your bambini
23:04
Speaker 1: is in care three days a week, What does that
23:06
Speaker 1: look like and what do you get? I need the
23:08
Speaker 1: Pervy beats.
23:09
Speaker 3: So his daycare is a bit more expensive than others
23:13
Speaker 3: in our area. So I think it's about one hundred
23:15
Speaker 3: and thirty dollars a day. We get back seventy four
23:19
Speaker 3: percent of that through the childcare subsidy. And like I said,
23:22
Speaker 3: he goes three days a week. We're really lucky that
23:25
Speaker 3: we've got our parents on either side have him one
23:28
Speaker 3: day a week as well. Oh, very nice, So we
23:30
Speaker 3: don't have to pay for those two extra days. But
23:32
Speaker 3: basically it's one hundred and thirty dollars a day, we
23:34
Speaker 3: get back seventy four, So we end up paying about
23:37
Speaker 3: two hundred and thirty dollars a fortnite, which covers him
23:40
Speaker 3: for six days. That includes his food while he's there,
23:44
Speaker 3: his nappies when he was in the hiss, milk for
23:46
Speaker 3: his bottles, and we pretty much just drop him with
23:50
Speaker 3: his spat change of clothes and pick him up at
23:52
Speaker 3: the end of the day.
23:53
Speaker 1: Oh that's a money win. Because some childcare centers don't
23:57
Speaker 1: provide food and you have to send them with a
23:58
Speaker 1: lunch box, or don't provide formula or nappies. I feel
24:02
Speaker 1: like I started this conversation on social media recently because
24:05
Speaker 1: in the area that I live in, childcare is an
24:08
Speaker 1: elite sport. It is a competition. You have to have
24:12
Speaker 1: your name down on the childcare list before the child's born,
24:15
Speaker 1: and I found that really jarring. I was like going
24:18
Speaker 1: to these childcare center like tour things and looking at
24:22
Speaker 1: these childcare centers, going well, I don't know what I'm
24:24
Speaker 1: looking for, Like, I don't have any kids. Am I
24:26
Speaker 1: even allowed in here? I don't have a working with children.
24:29
Speaker 1: I do actually have a working with children's check, but
24:31
Speaker 1: you know what I mean, I'm like, how are you
24:32
Speaker 1: just letting some random walk through your center because they
24:34
Speaker 1: said they were pregnant. Anyway, it was interesting seeing the
24:38
Speaker 1: difference between one center, which we have gone with, because
24:41
Speaker 1: I kind of like the comprehensiveness of it, and I'm
24:43
Speaker 1: assuming this is why you might have chosen yours takes
24:46
Speaker 1: a lot of mental load off. Like they do the nappies,
24:49
Speaker 1: they do the formula, they do the food, like everything
24:51
Speaker 1: just made a lot of sense to me. But they're
24:53
Speaker 1: more expensive, whereas another place was like, oh, well, you
24:56
Speaker 1: supply nappies and a lunch box every day, and I
24:59
Speaker 1: was like, oh my god, like I'm literally going to
25:01
Speaker 1: be a working mum. That sounds like a commitment that
25:04
Speaker 1: I'm not ready for. So absolutely essentially, like, if I've
25:08
Speaker 1: just done some quick maths, if you're paying one thirty
25:10
Speaker 1: a day and you get back seventy four percent, that
25:12
Speaker 1: means childcare daily is costing you about thirty three dollars
25:15
Speaker 1: eighty thirty four dollars. Yes, so that's not too bad
25:19
Speaker 1: when you know, I guess, think about it, how has
25:22
Speaker 1: your budget changed because of childcare?
25:24
Speaker 3: I guess before he started going three days a week,
25:29
Speaker 3: when I had unipracts. My mom and my mother in
25:33
Speaker 3: law would actually split and have him three days in
25:37
Speaker 3: two days, so we didn't have to worry about childcare
25:39
Speaker 3: when I was only working part time. It was only
25:42
Speaker 3: when I started working full time that we then put
25:45
Speaker 3: him in for three days. So it was quite I guess,
25:51
Speaker 3: easy in the sense that my income increased dramatically, and
25:54
Speaker 3: then we had this additional expense on there as well. Yeah,
25:58
Speaker 3: and because he goes the same amount of days every week,
26:01
Speaker 3: it's the same amount that comes out every fortnight, and
26:05
Speaker 3: I have it set up so that it comes out
26:07
Speaker 3: the day that I get paid.
26:08
Speaker 1: Yeah.
26:08
Speaker 3: Great, the money comes in and then the money's just gone.
26:10
Speaker 1: I want to ask more about the childcare stuff because
26:12
Speaker 1: one I'm pervy, but two the amount of times I've
26:15
Speaker 1: spoken to people that are like, I have no idea
26:16
Speaker 1: how this works. So if your baby is going three
26:20
Speaker 1: days a week, that means that total without any rebates,
26:24
Speaker 1: it's about three hundred and ninety dollars a week. Is
26:26
Speaker 1: that what's leaving your account and then you get some
26:28
Speaker 1: back through sentiling or do you only have to have
26:31
Speaker 1: the thirty three eighty a day leave your account? Like,
26:34
Speaker 1: what does that actually, I guess look like cash flow wise.
26:38
Speaker 3: So the childcare subsidy comes out before you receive the bill.
26:42
Speaker 1: Right, so your bill is going to be that thirty
26:45
Speaker 1: three or thirty four ish dollars a day, and then
26:47
Speaker 1: you pay for that. So there's no overheads except for
26:50
Speaker 1: when centiling goes and does their maths and says, sorry,
26:52
Speaker 1: we let you have too much money.
26:54
Speaker 3: You owe us money, Yes, exactly. So that was really
26:58
Speaker 3: the only reason I found out that I owe them
27:00
Speaker 3: your money was because the amount came out and it
27:02
Speaker 3: was different than what it normally want. Like, excuse me,
27:04
Speaker 3: but it's quite good in the sense that once you
27:07
Speaker 3: submit your childcare subsidy claim, unless things change for whatever reason,
27:12
Speaker 3: it's just kind of stays there and the childcare deal
27:16
Speaker 3: with that, and then they just send you what you
27:18
Speaker 3: owe remaining after the childcare subsidy.
27:21
Speaker 1: Yeah, okay, So have you found that challenging or a
27:24
Speaker 1: relatively easy process in comparison? Because I feel completely overwhelmed
27:29
Speaker 1: when it comes to childcare. I go, wait, what, like,
27:31
Speaker 1: this is a lot of money? Is this good? Is
27:34
Speaker 1: it bad? Like there's so many conflicting opinions. Are you
27:37
Speaker 1: comfy with that? Now that you're in the I guess,
27:39
Speaker 1: in the process of it.
27:40
Speaker 3: Yeah. Absolutely. At first, it was a little bit, I
27:43
Speaker 3: guess scary because when we went in and decided on
27:46
Speaker 3: a daycare, they did pre warn us that submitting a
27:49
Speaker 3: childcare subsidy claim can take a really long time. And yeah,
27:54
Speaker 3: if you start daycare before your claim has been accepted,
27:57
Speaker 3: you have to pay the full amounts and then get
27:59
Speaker 3: that money back later.
28:01
Speaker 1: That's so expensive. That's why I mentioned cash flow because
28:04
Speaker 1: I was like, cash flow is so important. Like, imagine
28:07
Speaker 1: if you had to pay the full amount and then
28:08
Speaker 1: you just got a refund later. I'd be like, that
28:11
Speaker 1: is so unfair.
28:13
Speaker 3: No, yeah, it works quite well now that we're set
28:15
Speaker 3: up and I guess in the groove of it. The
28:17
Speaker 3: only time we ever pay more is if he needs
28:19
Speaker 3: to go for a casual day. But again, that's seventy
28:22
Speaker 3: five percent from the childcare subsidy still comes out of
28:24
Speaker 3: casual days as well.
28:25
Speaker 1: Oh cool, Hey that's a bit of a money win. Also,
28:28
Speaker 1: random question. One thing I learned recently when I put
28:31
Speaker 1: my non existent baby down for daycare. It was very
28:35
Speaker 1: strange because they're like, you know, is it a boy
28:37
Speaker 1: or a girl? And I'm like, I don't know, just
28:38
Speaker 1: call a baby divine. Yeah. They're like, do you have
28:40
Speaker 1: a name to put down? I was like no, Like
28:42
Speaker 1: it's not even born yet, what are you talking about.
28:45
Speaker 1: They said that when we pick days, if you're going
28:49
Speaker 1: to do less than a full time schedule, so less
28:51
Speaker 1: than five days, one of the days has to be
28:54
Speaker 1: a Monday or has to be a Friday. Have you
28:57
Speaker 1: found this to be a thing, because I originally was like, great,
29:02
Speaker 1: I'm going to be relaxed on Mondays. I'm going to
29:04
Speaker 1: be relaxed on Fridays, and I will pop my baby
29:07
Speaker 1: into care Tuesday, Wednesday, Thursdays. And when I put those
29:10
Speaker 1: dates down, they were like, oh no, no, no, one
29:12
Speaker 1: day has to be a Monday or a Friday. And
29:13
Speaker 1: I was like sorry what, Oh no, I never had that.
29:16
Speaker 1: So it's just an elite sport in my suburb, right.
29:19
Speaker 3: Yes, yes, just in your suburb. Baby. But we have
29:22
Speaker 3: had day care price increases since we've been there. Oh yes,
29:27
Speaker 3: so I find usually as the government says, hey we're
29:30
Speaker 3: going to increase the childcare subsidy payments, the daycare goes, hey,
29:33
Speaker 3: we're going to increase our prices, which is totally fair
29:37
Speaker 3: in my opinion, but usually we still end up paying
29:40
Speaker 3: either just a little bit extra or the same as
29:42
Speaker 3: what we were paying before.
29:43
Speaker 1: Oh my gosh, I feel like I'm going on and
29:45
Speaker 1: on about this childcare conversation, but it is pervy money content. However,
29:50
Speaker 1: the thing that really frustrates me about that because, as
29:52
Speaker 1: I said, I've been having a lot of conversation online,
29:55
Speaker 1: mainly on Instagram with mums when I post about what
29:58
Speaker 1: childcare questions I have is a lot of the educators
30:02
Speaker 1: that are messaging me go, hey, did you know that
30:05
Speaker 1: every time there is a childcare increase, we don't actually
30:08
Speaker 1: increase our income. So the educators are still paid honestly
30:13
Speaker 1: like trash, and the childcare centers are just making more
30:16
Speaker 1: profit because they're just passing it along to you. Anyway,
30:20
Speaker 1: that's a conversation for another time.
30:23
Speaker 3: I was just going to say, as a teacher, I
30:25
Speaker 3: own quite a lot more than what the daycare workers do.
30:28
Speaker 3: But I walk in there to drop myself off and
30:30
Speaker 3: I'm like, oh my gosh, how do you even do this?
30:32
Speaker 3: Like I can't stay longer than five minutes because I'm
30:34
Speaker 3: so overwhelmed by how much work they have to do.
30:37
Speaker 1: Exactly and they're not just doing like work. They're not
30:39
Speaker 1: just looking after your baby, they're not babysitters. They're also
30:42
Speaker 1: educating a tiny human who doesn't have a very good
30:45
Speaker 1: attention span. That's exhausting.
30:47
Speaker 3: Absolutely.
30:48
Speaker 1: Oh Anyway, I could go on and on, but the
30:52
Speaker 1: overwhelming question I have in my head right now, my friend,
30:54
Speaker 1: I want to know what's your best money habit? So
30:57
Speaker 1: I have.
30:58
Speaker 3: Everything in my bank account automated, so as soon as
31:02
Speaker 3: I get paid, my rent comes out, most of my
31:04
Speaker 3: bills come out, and then the day after I'm paid
31:08
Speaker 3: is essentially what I'm left to spend for the fortnight.
31:13
Speaker 3: So that's been working really well for me. It includes
31:15
Speaker 3: my savings and all my bills, so I don't have
31:17
Speaker 3: to worry about you know, am I going to have
31:19
Speaker 3: enough money a week after I'm paid because I get
31:23
Speaker 3: paid and then all my bills are essentially paid as well.
31:25
Speaker 1: Genius. I love it. That's why I created my money
31:28
Speaker 1: masterclass actually, because I think that absolutely everything should be automated. Like,
31:33
Speaker 1: if you can automate it, it's like set and forget
31:35
Speaker 1: and things are happening in the background and your money
31:37
Speaker 1: is actually working as hard for you as you do
31:40
Speaker 1: for it. Yes, how did you work out how to
31:43
Speaker 1: create that structure? And is that structure I guess working
31:46
Speaker 1: perfectly for you? Like how have you kind of built
31:49
Speaker 1: it over time?
31:50
Speaker 3: So a lot of it is advice from listening to
31:53
Speaker 3: the podcast.
31:53
Speaker 1: Oh thank you, My ego is very happy.
31:57
Speaker 3: It honestly has really changed my perspective though, because there's
32:01
Speaker 3: so many things that I wasn't aware of, and having
32:05
Speaker 3: even just separate bank accounts for separate goals or separate
32:09
Speaker 3: intents has really helped me as well. It's working relatively
32:13
Speaker 3: well in the sense that the money that I want
32:16
Speaker 3: to not spend is put into an account which is
32:21
Speaker 3: hidden from my online banking, so I cannot touch it.
32:24
Speaker 3: The only way that I can get that money is
32:26
Speaker 3: if I phone the bank and say, hey, can you
32:27
Speaker 3: transfer this money over into my other account?
32:30
Speaker 1: Who do you bank with? I need to know because
32:32
Speaker 1: I'm going to get questions. People are going to be like,
32:34
Speaker 1: how do I set that up? What does that actually
32:36
Speaker 1: look like? What bank? Is that not a recommendation?
32:40
Speaker 3: No, I am with PNN.
32:41
Speaker 1: Okay, I'm sure other banks can absolutely do that for you.
32:45
Speaker 1: But it's just helpful to know because people will be like,
32:47
Speaker 1: oh my gosh, I want that system. What bank does
32:49
Speaker 1: she bank with? So thank you for sharing.
32:52
Speaker 3: Well, I just called them one day and said, hey,
32:54
Speaker 3: is there a way of making this so that I
32:56
Speaker 3: can't access the money? And they said, yeah, sure, we'll
32:58
Speaker 3: just block it for you. But I still have the
33:00
Speaker 3: acount detail, so I can still manually transfer money into
33:02
Speaker 3: that account. Great. The thing that I guess I'd like
33:05
Speaker 3: to improve is I do have a separate account which
33:08
Speaker 3: I have called other Bills, So that's intended for bills
33:11
Speaker 3: that come out like quarterly or even annually, you know,
33:14
Speaker 3: at my car registration. And what I try to do
33:17
Speaker 3: is transfer fifty dollars every fortnight into that so that
33:20
Speaker 3: it builds up. The only thing is I have access
33:23
Speaker 3: to that account. Right if I'm running low on funds
33:27
Speaker 3: for the Fortnite, I can go, oh, hey, there's money there.
33:30
Speaker 3: And I also did have my emergency fund as an
33:34
Speaker 3: account accessible on my online banking because I figured if
33:37
Speaker 3: there's an emergency, I need to be able to access it.
33:40
Speaker 3: But the same thing, I would see that money sitting
33:42
Speaker 3: there and go, oh, just quickly borrow some of that
33:44
Speaker 3: and I'll put it back later. So I actually ended
33:46
Speaker 3: up transferring all of that money into my hidden account.
33:50
Speaker 1: Knowing that it's just a phone call away.
33:52
Speaker 3: Yes, so at the moment, my savings an emergency account
33:55
Speaker 3: are actually in one account, but I would like to
33:57
Speaker 3: separate them again.
33:58
Speaker 1: Yeah, great, I love this. I feel like you're across it.
34:01
Speaker 1: I'm gonna cheekily gift you my budget and cash flow systems,
34:04
Speaker 1: so the money master Class actually because I feel like,
34:07
Speaker 1: if it's not working perfectly for you, I think I
34:09
Speaker 1: can make it work perfectly because I'm like, oh, I
34:11
Speaker 1: totally get that, but the visibility thing can be really hard.
34:15
Speaker 1: But it sounds like with your other bill's account, just
34:18
Speaker 1: being cheeky, you maybe haven't done a comprehensive enough budget
34:22
Speaker 1: to know exactly how much needs to go into each account,
34:25
Speaker 1: which will then lead to you having to dip in
34:28
Speaker 1: and out of different accounts. Because I'm assuming it's not
34:30
Speaker 1: you going, I'll just borrow that money from here because
34:33
Speaker 1: I really want a new jumper. It's probably you going, Oh,
34:36
Speaker 1: that bill's popped up. I'll just borrow a bit of
34:38
Speaker 1: money from here to go to here. And we actually
34:40
Speaker 1: want to track absolutely every single dollar that comes in
34:44
Speaker 1: and my money master Class system does that. It's so comprehensive.
34:47
Speaker 1: I think you'll love it, but I'll give that to
34:49
Speaker 1: you later. We'll sort that out after we're not on
34:51
Speaker 1: the podcast. But for those listening who are going, oh,
34:53
Speaker 1: I really want to do that as well. VI, I
34:56
Speaker 1: will get just a goat sheet to turn back on
34:58
Speaker 1: the pod discount code for this week, and the pod
35:02
Speaker 1: discount code is pod five zero to give you fifty
35:05
Speaker 1: bucks off. We'll obviously put all the information in the
35:07
Speaker 1: show notes, so don't worry. But that's a little bit
35:10
Speaker 1: of a money win for the community. You're welcome, Money Diarist.
35:14
Speaker 1: Moving on from that, what do you think your worst
35:17
Speaker 1: money habit is? Is it that dipping in and out
35:19
Speaker 1: of each account or is there another cheeky one to share?
35:22
Speaker 3: I think it's sometimes I get caught up in impulse spending,
35:26
Speaker 3: usually if it's for my son. So if it's something
35:29
Speaker 3: for me, I'm more than happily put twenty four hours
35:31
Speaker 3: between me and buying it, and usually buy twenty four
35:35
Speaker 3: hours it's completely left my mind, and if it hasn't,
35:38
Speaker 3: then then I'll consider whether or not I can actually
35:41
Speaker 3: buy it. But if it's something for my son, I'll
35:44
Speaker 3: just buy it no matter what it is. It might
35:46
Speaker 3: be shoes, it might be closed, it might be a toy.
35:48
Speaker 1: I feel like that's going to be me. I need
35:50
Speaker 1: to buy song curving this. When I get some that's helpful,
35:53
Speaker 1: I'll share it, I promise.
35:55
Speaker 3: Yes, please, you know. I want to give him everything
35:58
Speaker 3: that he wants. And sometimes it's really hard because I think, well,
36:01
Speaker 3: what if it's not there in twenty four hours or
36:04
Speaker 3: especially on Facebook Marketplace. When I see a really good deal.
36:07
Speaker 1: If it's on Facebook Marketplace, it's probably a money win
36:09
Speaker 1: my friend, Yes.
36:11
Speaker 3: But it's also probably not something that he needs. But yeah,
36:14
Speaker 3: when it comes to my son, I would buy anything.
36:18
Speaker 1: Oh my gosh, I feel like that's going to be me.
36:20
Speaker 1: And one of the best things that I've ever done
36:22
Speaker 1: while pregnant is not find out the gender of my baby.
36:25
Speaker 1: So I can't go shopping like I can obviously buy
36:28
Speaker 1: white onesies, but I'm out of buying white onesies. And
36:31
Speaker 1: now it's kind of like, well, I can't get cute
36:33
Speaker 1: girl things or I can't get cute boy things, like
36:36
Speaker 1: we're just going to have to wait. And that's been
36:38
Speaker 1: a really good money when to be honest, we did.
36:40
Speaker 3: The exact same thing because we didn't really have like
36:43
Speaker 3: a nursery decor because you know, we didn't know was
36:45
Speaker 3: it going to be a girl. It couldn't be a boy.
36:47
Speaker 3: My husband actually ended up painting some little animal pictures
36:52
Speaker 3: for the nursery as well, where we're like very mixed colors,
36:55
Speaker 3: very gender neutral. So we ended up saving money in
36:58
Speaker 3: some senses as well.
36:59
Speaker 1: Yeah, great, and find out the gender. It will save
37:01
Speaker 1: you money. Great money tip from Sheese on the money.
37:03
Speaker 3: And it's such an amazing experience to go through that
37:07
Speaker 3: labor and that birth and then to find out the gender.
37:10
Speaker 3: It's a really overwhelmingly happy.
37:12
Speaker 1: See that's the magic I'm waiting for.
37:13
Speaker 3: Yes, it is magic.
37:15
Speaker 1: Oh my gosh, I love it all Right, money, dirist. Unfortunately,
37:18
Speaker 1: that is almost all we have time for today. Now
37:21
Speaker 1: that we've had a chat. I feel like at the
37:22
Speaker 1: start you were like, look, I think I'm a bee.
37:25
Speaker 1: I was considering a se But I really do think
37:28
Speaker 1: I'm a bee after going through all of my teacher criteria,
37:30
Speaker 1: which is a very teacher thing to do, my friend.
37:33
Speaker 1: But we've just gone through this epic story. Like we've
37:36
Speaker 1: talked about domestic abuse, we've talked about your upbringing, how
37:39
Speaker 1: that has happened, how that has impacted you. You're the
37:41
Speaker 1: first person in your family to go to university. You're
37:44
Speaker 1: killing it. You have this son, You've got your budget
37:46
Speaker 1: and cash flow system sorted out. You've obviously got your
37:49
Speaker 1: two super accounts for good reason, like you know that
37:52
Speaker 1: you're meant to have a super account with good insurances
37:55
Speaker 1: and one that has good performance. And then you've also
37:59
Speaker 1: started doubling in raise, so you're already investing. And you're
38:01
Speaker 1: a young mum. You're not even thirty yet. What the heck? So,
38:04
Speaker 1: looking at all of this, do you still think that
38:08
Speaker 1: bee is reflective of where you are? And if so, why,
38:12
Speaker 1: If not, what would you change it to?
38:15
Speaker 3: Yes, I still think a bee it's just above satisfactory.
38:19
Speaker 3: So a BEE is what we consider high but not
38:21
Speaker 3: quite excellent. I would like to consolidate my soupers instead
38:25
Speaker 3: of paying two sets of fees, So I'd like to
38:28
Speaker 3: sit down and go through that. I have a bank
38:30
Speaker 3: account for my son which I transfer money into every fortnight,
38:34
Speaker 3: but I would like to, I guess, set a goal
38:38
Speaker 3: for what amount of money am I hoping for that
38:41
Speaker 3: to turn into when he reaches a certain age and
38:44
Speaker 3: then have a better idea of how much I could
38:47
Speaker 3: be putting into that. I would also like to think
38:51
Speaker 3: about what am I going to do when my pay
38:54
Speaker 3: increases as of next year, because there's a seven thousand
38:58
Speaker 3: dollars increase that's coming and I don't want to just
39:02
Speaker 3: have that seven thousand dollars disappear. I really want to
39:05
Speaker 3: think about what am I going to be doing with that.
39:08
Speaker 3: And my husband is also going to be getting a
39:09
Speaker 3: pay increase around the same time as well.
39:11
Speaker 1: Money weir yeah.
39:13
Speaker 3: Thinking about what can we do and is there any
39:16
Speaker 3: goals that we want to work towards.
39:17
Speaker 1: I love this. I'm actually so glad that during this
39:20
Speaker 1: episode we mentioned sky Wealth, because I'm going to set
39:23
Speaker 1: you up with them and you're going to get you
39:25
Speaker 1: super consolidated and all of that sorted out. And then
39:28
Speaker 1: I already told you I'm gifting you the Money Masterclass,
39:30
Speaker 1: and that goes through goal setting and making sure that
39:32
Speaker 1: you don't fall into the trap of lifestyle creep and
39:35
Speaker 1: how to allocate when your pay increases. So I feel
39:38
Speaker 1: like I've got this sorted Like you and I are
39:40
Speaker 1: going to have a call in like a couple of
39:42
Speaker 1: months and you can be like, oh babe, I'm an
39:43
Speaker 1: aa is sweet, like I've got all this stuff sorted,
39:46
Speaker 1: so I will be checking in with you, But unfortunately
39:49
Speaker 1: that is all we have time for today. This has
39:52
Speaker 1: been one of my favorite chats. I feel like money
39:54
Speaker 1: diaries are always my favorite, but you have been an
39:56
Speaker 1: absolute start. I genuinely feel like we're best friends now,
39:59
Speaker 1: and that's the best outcome you can get from a
40:01
Speaker 1: money diary. Let's be honest, but my friend, it has
40:04
Speaker 1: been an absolute pleasure. So thank you so much for
40:06
Speaker 1: joining us, and thank you for being so open about
40:08
Speaker 1: your story with our community, because I just know they're
40:11
Speaker 1: going to love it, but they're also going to get
40:12
Speaker 1: so much out of it.
40:13
Speaker 3: Thank you for listening to my story and giving me
40:15
Speaker 3: an opportunity to share it. It means a lot.
40:23
Speaker 1: The advice shared on She's on the Money is general
40:25
Speaker 1: in nature and does not consider your individual circumstances. She's
40:29
Speaker 1: on the Money exists purely for educational purposes and should
40:33
Speaker 1: not be relied upon to make an investment or financial decision.
40:36
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40:39
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