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She Want Prenup?! · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it. She's on the Money. She's on
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Speaker 2: the Money. Hello, and welcome to She's on the the
1:00
Speaker 2: podcast for millennials who had a barbie party last weekend
1:04
Speaker 2: and it was basically the most lit thing in the
1:06
Speaker 2: entire world, but nobody cares. So today is Friday, which
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Speaker 2: means it is time to celebrate you because last Saturday
1:12
Speaker 2: at my barbie party, it was about me, but today
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Speaker 2: it is about you and celebrating how incredible she is
1:17
Speaker 2: on the Money community, we are genuinely so excited to
1:20
Speaker 2: be back again for another Friday episode. Today we're going
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Speaker 2: to be sharing our favorite money wins or is just groo.
1:25
Speaker 2: She is going to be taking us through the top
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Speaker 2: tips and the top money wins from our group. We'll
1:30
Speaker 2: be helping to answer a juicy money dilemma, which this week, guys,
1:33
Speaker 2: it's all about understanding the pros and cons of being
1:35
Speaker 2: a casual or a part time worker and how that works. Beck,
1:39
Speaker 2: You're going to sprinkle in some more broke tips, which
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Speaker 2: we're very excited about. And we're going to be unpacking
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Speaker 2: something you slid into our DMS about and we're going
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Speaker 2: to discuss how to bring up a prenup with your partner.
1:51
Speaker 2: How do we have that conversation? So that could be
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Speaker 2: really fun. But first things first, my loves, how was your.
1:57
Speaker 3: Week so good? I feel like the Barbie party just
2:01
Speaker 3: like set the week off on a high. If you
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Speaker 3: follow me on Instagram, you know getting that costume together
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Speaker 3: was quite the audio.
2:07
Speaker 2: You love a theme though we love see commit it well.
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Speaker 2: Beck dyed her head.
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Speaker 3: Will not dye her hair, It spray hated her hair
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Speaker 3: a different color. So I feel like everyone bought in.
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Speaker 3: And I said on the night, it's so rare that
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Speaker 3: you have a party like that with as many people
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Speaker 3: as you did. And every single persons committed, every single
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Speaker 3: person went hard. It was so much fun.
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Speaker 2: I mean, it was probably the aggressive invitation that I sent.
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Speaker 2: If you remember, the invitation did say that was great
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Speaker 2: standard barbies will be rejected at the door if you
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Speaker 2: do not dress up. Don't bother coming, like go hard
2:40
Speaker 2: or go home, Like this is a costume party. Sure,
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Speaker 2: for sure, not one person didn't put effort in.
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Speaker 4: No, that's true, that is true. I really like that.
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Speaker 4: But also this is something I do get nervous about
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Speaker 4: when it comes to themes, is that they're going to
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Speaker 4: cost a lot of money. They don't have to cost
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Speaker 4: that much. You were really creative, So just putting that
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Speaker 4: out there.
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Speaker 2: Jess already had a costume box full of costumes and
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Speaker 2: its next to my ready to go. That's an investment.
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Speaker 3: It is my boyfriend made in front of me, and
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Speaker 3: then I got to whip it out and be like, there.
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Speaker 2: You go, costume box is paying exactly.
3:12
Speaker 3: How is your week back?
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Speaker 4: My week was really lovely. Hectic, hectic work week. Lot's
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Speaker 4: going on, but also really nice. I'm trying to like
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Speaker 4: make time for mates and also work, and I don't
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Speaker 4: want the two to bleed into each other. You know
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Speaker 4: what I mean, work time, Jessica, apologies, this is a worktime, babe.
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Speaker 3: No laughing, fellow business associate.
3:35
Speaker 2: Hello, infer to each other.
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Speaker 4: By name anymore?
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Speaker 2: Oh, yes, my colleague, this is my colleague, my estume colleague. No,
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Speaker 2: but my week has been pretty lovely. Oh how good?
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Speaker 3: Happy? My financial Yeah?
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Speaker 2: By the way, Oh, isn't it exciting huge me? Yes.
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Speaker 2: If you guys have fallen a little bit off track
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Speaker 2: when it comes to your financial goals, I think this
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Speaker 2: time of year it's perfect to just get back on
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Speaker 2: the horse.
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Speaker 4: Yeah.
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Speaker 2: I feel like so many times we get to July,
4:00
Speaker 2: Oh my gosh, I haven't achieved anything. So we still
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Speaker 2: have like literally six full months to do so much stuff.
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Speaker 2: Zachly like, get back on it. If you haven't done
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Speaker 2: your budget, download our free budget from our website. If
4:11
Speaker 2: you're worried about cash flow, now is the time to
4:13
Speaker 2: sit down and go through your finances. If you haven't
4:16
Speaker 2: got your insurances in order, now's the time you want
4:18
Speaker 2: to review your mortgage. Go talk to Kate at Zella Money.
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Speaker 2: There are so many things that you can do to
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Speaker 2: put yourself in a better financial position. And I mean
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Speaker 2: listening to this podcast is arguably the best one you've
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Speaker 2: made this year.
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Speaker 3: Well done starting the financial year off on a great foot.
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Speaker 2: I love it all right, Well, let's dive straight into
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Speaker 2: something that is literally my favorite thing ever, and that's
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Speaker 2: like our money wins thread. Just Grichier. What have you
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Speaker 2: pulled out to share with the team this week?
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Speaker 3: My first is a money loss who came from Ali,
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Speaker 3: but I'm going to follow it up with a potential
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Speaker 3: money win. She said, money loss took the kids to
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Speaker 3: Disney on Ice, but life win. We had the best
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Speaker 3: family night I ever. And I actually just got a
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Speaker 3: TikTok the other night that had someone who was going
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Speaker 3: to Disney on Ice and it was a video and
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Speaker 3: she'd gone to Kmart and she'd bought a bunch of
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Speaker 3: Disney merch there for a quarter of the price and
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Speaker 3: just took it with her and pulled it out of bag.
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Speaker 2: Was like, oh look what I got you?
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Speaker 3: Oh so smart, because that's those slates will take you
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Speaker 3: for a ride. I think it was something like seventy
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Speaker 3: dollars for a soft toy, so going it came out
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Speaker 3: of a target or when Jessica spent it, yep, one
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Speaker 3: hundred percent. I would not a question.
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Speaker 2: No, no, no, no no, would did you have will? We
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Speaker 2: went to Disneyland twice last year? I'm for she Sure
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Speaker 2: she went hamd both times. Wow, bought the overpriced merch.
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Speaker 2: If you're taking a kid, they're not going to know
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Speaker 2: so exactly early I should have done that to Jess.
5:34
Speaker 2: Look at these ears. Jess would have been like, yeah,
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Speaker 2: I haven't seen these ones in this the fifty different
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Speaker 2: Disney stores I've been into today, it's a cure.
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Speaker 4: Or if you go to an ice rink and dress
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Speaker 4: up as whoever the Disney or not, I just won't
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Speaker 4: know the difference.
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Speaker 3: Not a clue. Could just be back in Victoria's skating
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Speaker 3: exactly like.
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Speaker 2: Me on ice skates. Would not be a good idea,
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Speaker 2: it would be funny. Let's save you money, let's do it.
5:57
Speaker 2: Let's get our disney is out and go ice skating. Yeah,
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Speaker 2: she's on the money, Disney or.
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Speaker 3: Us done done, I'll see there. My next money wind
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Speaker 3: comes from Claire, who said money win. I'm rereading my
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Speaker 3: books in my bookshelf again, so I've saved myself twenty
6:11
Speaker 3: five dollars. I'm buying a new book Love It.
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Speaker 2: It's a good money win.
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Speaker 3: Simple but effective. Next, I've got a money in from Julia,
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Speaker 3: who said, instead of buying a new dress swear for
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Speaker 3: a wedding, a friend of a friend let me borrow
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Speaker 3: one of hers for the day.
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Speaker 2: I just like the idea of that, and I love
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Speaker 2: that they weren't like a super close friend. We're becoming
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Speaker 2: far more comfortable with sharing clothes. I feel like the
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Speaker 2: sharing is the way to go.
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Speaker 3: Sharing truly is caring, especially in this economy. So you'd
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Speaker 3: love to see it.
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Speaker 2: You best believe I'll be asking to borrow that too, too.
6:39
Speaker 2: Off Jessica that she walter my Barbie party.
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Speaker 3: Anytime from casual Wednesday in the office. Yes, absolutely, don't
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Speaker 3: put it past me.
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Speaker 2: If that is an option. I am in a bad time.
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Speaker 3: My next money win is from Rihanna, who said money win.
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Speaker 3: I've been having a hard time personally for the last
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Speaker 3: few weeks. So on Saturday, a friend of mine made
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Speaker 3: me a home called lunch Slushpin Tobot. I was out
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Speaker 3: all day on Saturday and their lunch was such a lifesaver.
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Speaker 2: I love this. That is actually so wholesome. Are you
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Speaker 2: making lunch for the team this week?
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Speaker 3: Or I can try, But as a not great chef
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Speaker 3: you may or may not want.
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Speaker 2: We are all having dinosaur nugget.
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Speaker 3: That's exactly right. Next, I've got to win from Georgina,
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Speaker 3: who said we paid off three out of our five
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Speaker 3: expensive degu station restaurants by using credit card and Flybys
7:27
Speaker 3: points translated to restaurant give outch Oh so smart. I've
7:31
Speaker 3: spent months maximizing the points we could get on transactions,
7:34
Speaker 3: particularly from Flybys to do this.
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Speaker 2: Oh great Flybys and Jessica two peas in a pod.
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Speaker 2: In fact, this week I went to the Flybys office actually,
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Speaker 2: and I had a corporate speaking event which was so
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Speaker 2: slagh like. Imagine telling the Flybys team, who are arguably
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Speaker 2: better at budgeting like they are the queens at Tips
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Speaker 2: and Trigs. They asked me to come in and tell
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Speaker 2: them that is really cool, isn't it cool?
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Speaker 5: Yeah?
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Speaker 3: So fun.
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Speaker 2: I'm very jealouyh. Just so you know, Beck would like
8:02
Speaker 2: to draw your attention to the fact that she drew
8:04
Speaker 2: a sushi.
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Speaker 4: I don't know why you.
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Speaker 3: I don't want you not sure a while.
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Speaker 4: I need you to just look at the sushi that
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Speaker 4: I drew because you said beno box sorry continued, Yes,
8:12
Speaker 4: we'll put a picture online.
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Speaker 2: Yes please if you think you're not nerospicy baby roll.
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Speaker 3: Next, money when comes from Shivanji, who said money Win
8:21
Speaker 3: shopped for the entire year at the Iconic sale, bought
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Speaker 3: twenty ish pieces of clothing and got fifty percent off
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Speaker 3: my entire shop on top of the sale price. Ended
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Speaker 3: up paying seven hundred dollars for shopping worth three thousand,
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Speaker 3: eight hundred dollars. Then I used shop back and Cornus
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Speaker 3: points to get extra points on it and that was
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Speaker 3: beautiful too.
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Speaker 4: Oh my god, shop back. I love shot back.
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Speaker 2: How good?
8:42
Speaker 3: It just reminded because I feel like we haven't said
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Speaker 3: in a while, but the code SotM gets you ten
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Speaker 3: dollars if you sign.
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Speaker 2: Up to shop back, and I have used it before
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Speaker 2: and that's a big money win.
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Speaker 3: Yes, big money wing. I am their biggest fan. And lastly,
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Speaker 3: I'm just summarizing almost the entire thread from this week.
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Speaker 2: It went bothways.
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Speaker 3: Hundreds of people hundreds is it money win of money
9:00
Speaker 3: us did or did not get Taylor Swift tickets?
9:02
Speaker 4: Yeah?
9:03
Speaker 3: Oh my gosh, we feel you, we see you. We're
9:06
Speaker 3: working on a little solution. Could you say you didn't.
9:10
Speaker 2: We've got four little solutions that we're trying to find
9:14
Speaker 2: a solution before.
9:15
Speaker 3: Yeah, we're trying to find a solution to give you
9:17
Speaker 3: a solution. But just know we're working on it. We've
9:19
Speaker 3: got your back, besties. You're gonna want to be following
9:22
Speaker 3: us on Instagram and on Facebook.
9:23
Speaker 2: That you need to be following us on socials because
9:26
Speaker 2: it won't be on the phone.
9:27
Speaker 3: No, it'll be a little surprise.
9:30
Speaker 2: Interesting.
9:31
Speaker 3: You didn't hear it from me though.
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Speaker 2: Imagine if it was just like us giving away pictures
9:35
Speaker 2: of Taylor sw I.
9:36
Speaker 4: I was thinking that too. I was like imagining you guys.
9:39
Speaker 2: Just no, it's not it will make you cry. It
9:41
Speaker 2: made me cry. It's very anyway, carry on, carry on,
9:44
Speaker 2: carry all, right, Beck, I need to know your broke tip.
9:48
Speaker 2: What have you got?
9:49
Speaker 4: Anyway, I'm kind of excited about these ones because they're
9:51
Speaker 4: very relatable, I would think.
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Speaker 2: To the general public.
9:54
Speaker 4: So the first one comes from Grace, who has two
9:58
Speaker 4: for me, so I'll read them both out.
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Speaker 2: The one is reuse.
10:01
Speaker 4: Your tea bags. We were talking about reusing off air.
10:05
Speaker 2: Draw the line at the tea bag reuse.
10:07
Speaker 4: Usually I mean usually same but if you know, if
10:09
Speaker 4: you have one tea bag left and you literally can
10:11
Speaker 4: we've all been there, We've all been there by a
10:14
Speaker 4: new box. Reuse the tea bag, don't worry about it.
10:16
Speaker 4: This would be like a flavorful water which can be delivered.
10:19
Speaker 4: Wee tea is for plebs rather than reusing.
10:22
Speaker 3: Could you maybe double up the quantity of water that
10:25
Speaker 3: you're putting it into because they just worry about bacteria.
10:30
Speaker 2: I'm not for tea leaves.
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Speaker 4: Surely, if you're like maybe making two teas or something
10:35
Speaker 4: like that, you can at the same time at the
10:36
Speaker 4: same time. But yes, ideally you know you want it
10:38
Speaker 4: because they do get moldy or something.
10:40
Speaker 3: For you would be thought. No, double double the water.
10:44
Speaker 3: That's a good one. Double the water and then you
10:45
Speaker 3: can pop one in the fridge for tomorrow.
10:47
Speaker 2: Exactly right.
10:48
Speaker 4: So reuse your tea bags, reuse anything that is able
10:52
Speaker 4: to be reused, basically, I think is a really good
10:55
Speaker 4: general tip. The next one is toothpicks. Yep, are you
10:59
Speaker 4: re used toothpicks?
11:00
Speaker 3: Good?
11:04
Speaker 2: Move on. I'm not even going to see how many
11:06
Speaker 2: different things you would reuse.
11:07
Speaker 3: I ever used gum No?
11:09
Speaker 4: Sorry, sorry, sorry, sorry, Okay, this.
11:13
Speaker 2: Next one do you know if I make that sound?
11:15
Speaker 2: Actually I hope I'm not triggering anyone, but if I
11:18
Speaker 2: go in front of my husband, it triggers his gag briefly.
11:22
Speaker 4: I know a few people that I would I'm sorry,
11:24
Speaker 4: sorry if you're driving and gagging, but I'm gackling. If
11:29
Speaker 4: you have turned it down, you can safely turn it
11:31
Speaker 4: up now because Victoria doesn't have to gag anymore. This
11:34
Speaker 4: one is a very good tip. Okay, so this is
11:36
Speaker 4: for uber users.
11:38
Speaker 3: Use uber pool.
11:40
Speaker 4: Sometimes you actually don't have anyone else in there, but
11:43
Speaker 4: you've saved so much money, so always use it.
11:45
Speaker 3: Even if you do have someone in there.
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Speaker 2: Whatever you know, it doesn't matter. It doesn't matter. We
11:48
Speaker 2: can be friends. A lot of the time you actually.
11:50
Speaker 4: Don't have anyone else in there because no one else
11:52
Speaker 4: is using uber pool.
11:53
Speaker 2: That's quite clever. I never thought.
11:55
Speaker 3: I didn't realize that they would just not put someone
11:56
Speaker 3: in there.
11:58
Speaker 2: You can get that.
11:59
Speaker 3: That's like a free seat row on the plane. That's
12:02
Speaker 3: why I cute that too. Yes, which is rare, rare,
12:05
Speaker 3: but sometimes it happens.
12:07
Speaker 1: Now.
12:08
Speaker 4: I do have another one from one Courtney, who has
12:12
Speaker 4: sent in after hearing about you know my bit situation.
12:16
Speaker 4: Courtney wrote in and said that she heard that Basically,
12:19
Speaker 4: Medibank has a Live Better program. You be healthy, you
12:23
Speaker 4: get points. You can redeem those points to buy a
12:25
Speaker 4: brain new fit bit, so you can. I had never
12:28
Speaker 4: heard about this before, but do it. I feel like
12:31
Speaker 4: it's a win win win.
12:32
Speaker 2: It's like the AIA Vitality program. So I'm pretty sure
12:35
Speaker 2: that Medibank is through IOA correct me if I'm wrong.
12:39
Speaker 2: But that program kind of gives you discounts and rewards
12:42
Speaker 2: you for being healthy, and you can get like percentages
12:45
Speaker 2: off your health insurance and you can like redeem your
12:47
Speaker 2: points for things, and you get more points for doing
12:50
Speaker 2: more things, Like you can get points for just doing
12:52
Speaker 2: your steps, but you can also like go to the
12:54
Speaker 2: optometrist and have your and your check up. You get
12:57
Speaker 2: points for it, and you can redeem it on stuff
12:59
Speaker 2: like give out just stuff. It's actually really good.
13:01
Speaker 3: I love that.
13:02
Speaker 2: Not sponsible just I thought that was real cool. No,
13:04
Speaker 2: I do love But if they do want to sponsor me,
13:06
Speaker 2: I would be very keen on working with it. I
13:07
Speaker 2: wouldn't hate it, wouldn't hate it lines to my values.
13:10
Speaker 4: Yeah, So my breake tip for this week is to
13:13
Speaker 4: bring your own sauces, condiments, everything wherever you go. So
13:18
Speaker 4: if you're getting a meat pie, you don't want to
13:19
Speaker 4: pay you extra twenty cents, sometimes an extra two dollars
13:22
Speaker 4: for a little what do you call.
13:24
Speaker 2: Those things sashet.
13:25
Speaker 4: No, it's like comes in a tiny little bowl ramikin
13:28
Speaker 4: ramikin of sauce or.
13:30
Speaker 2: So you're just carrying around to seven hundred ye meal
13:33
Speaker 2: bottle off.
13:34
Speaker 4: You can bring the bottle, but you can also just
13:36
Speaker 4: get little TopWare container's always bring your own condiments. So
13:39
Speaker 4: if you're getting I don't know, pie from seven to eleven,
13:42
Speaker 4: I don't know if they charge for sources, but.
13:44
Speaker 2: No, seven eleven sauces free, So that's money. Take the
13:48
Speaker 2: seven eleven sauce. Yeah, save it for the next time
13:51
Speaker 2: someone tries to stood you on source because seven eleven
13:54
Speaker 2: would never, they would never.
13:56
Speaker 4: Yes, exactly, you can save you up on those or whatever,
13:58
Speaker 4: but just don't be spending even twenty sense for extra sauce.
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Speaker 4: Bring your own sauce, bring your own condiments.
14:03
Speaker 2: See I've never done that, but I do. This is
14:05
Speaker 2: probably a deep insight into my personality. I'm the saltiest
14:09
Speaker 2: woman you've ever known. Like help, I put salt on everything.
14:13
Speaker 3: And then you go back and put more salt on it.
14:15
Speaker 2: Yeah, like if we're having toast with butter, salt, we're
14:19
Speaker 2: having any food salt, We're going to the tire place salt. Like,
14:22
Speaker 2: there needs to be salt on all of my food,
14:24
Speaker 2: to the point where I have gone to my doctor
14:27
Speaker 2: and said, can you please test my sodium levels? I
14:29
Speaker 2: think this is obscene and comes back normal He said, no,
14:33
Speaker 2: what you're consuming is sign I steal the salt pack
14:37
Speaker 2: from like macas and stuff, yep, and I put them
14:39
Speaker 2: in my purse so that I'm never without salt. That's
14:41
Speaker 2: a good idea. I can't be without salt. So you
14:45
Speaker 2: can do that at hotels and stuff. I also carry
14:47
Speaker 2: my own tea bags in my own bag. Ah, yes, yes, yes,
14:49
Speaker 2: in little ziploc Yep, you've seen it. Yep. I've got
14:53
Speaker 2: little tea bags because like, what if I need a
14:55
Speaker 2: lemon grass ginger tea, I'm not spending five dollars getting
14:58
Speaker 2: a lemon gras like a couple what absolutely not.
15:01
Speaker 4: That is so true actually, and I used to do
15:03
Speaker 4: that a lot, and it's so much cheaper. You go
15:04
Speaker 4: to like you know, your servo, and you get a
15:06
Speaker 4: cup of order and you just chuck your own tea
15:08
Speaker 4: bag in there.
15:09
Speaker 3: It's so much cheaper.
15:09
Speaker 2: You might think I'm a stinge, but I'm a smart one.
15:12
Speaker 3: There you go, little saucers, little tea bags. You just
15:14
Speaker 3: need a little mini kitchen.
15:15
Speaker 2: It and just looking at us like we are insane.
15:18
Speaker 2: I'm like, nah, nah, no judgment.
15:21
Speaker 3: No as a chicken nugget, girly, I'm all for doing
15:23
Speaker 3: what you gotta do.
15:24
Speaker 2: I love that.
15:25
Speaker 4: Thank you, Jess more salt more often, Yes, exactly, save
15:28
Speaker 4: yourself some money.
15:29
Speaker 2: Let's go to a really quick break because on the
15:30
Speaker 2: flip side, we're going to be talking about the pros
15:32
Speaker 2: and cons of being a casual versus a part time worker,
15:35
Speaker 2: and then we're going to discuss how to approach having
15:38
Speaker 2: a conversation about a prenup with a partner, and that
15:41
Speaker 2: can be really awkward. So don't go anywhere, because we
15:44
Speaker 2: got to feel really uncomforable having this conversation and you
15:46
Speaker 2: can't just leave us.
15:52
Speaker 3: Welcome back, everybody. Let's take a listen to the Money
15:54
Speaker 3: to Lemma.
15:54
Speaker 2: For the week. Hi, there, have you got a money
15:58
Speaker 2: dilemma you just can't solve. She's on the Money Team
16:01
Speaker 2: is here to help. Every week we tackle your dilemmas,
16:04
Speaker 2: both big and small to answer your most burning money,
16:07
Speaker 2: career and life questions. To get involved, simply head to
16:10
Speaker 2: our website and leave us a short voice recording and
16:12
Speaker 2: you might just find yourself on the show. Now, let's
16:15
Speaker 2: take a listen to this week's money dilemma.
16:20
Speaker 5: Hello, she's on the money friends. I'm absolutely loving the potty.
16:24
Speaker 5: My money dilemma is that I'm in a bit of
16:25
Speaker 5: a sticky situation at work at the moment where I
16:28
Speaker 5: love my job and work pretty much part time hours
16:31
Speaker 5: as a casual, but I've just been asked to go
16:33
Speaker 5: on a contract a part time but I'm kind of
16:35
Speaker 5: having a hard time understanding the benefits. At the moment,
16:38
Speaker 5: as a casual, my alli rate is higher and I
16:40
Speaker 5: still get pretty regular shifts. But I know from other
16:42
Speaker 5: staff who've been asked to go on a contract they've
16:45
Speaker 5: been threatened with reduced shifts as it's kind of out
16:47
Speaker 5: of their budget to pay casuals. However, I know in
16:50
Speaker 5: the summertime they are generally short on staff anyway. So
16:53
Speaker 5: Victoria and team, can you help me understand the pros
16:56
Speaker 5: and cons of being a casual versus part time? Beyond
16:59
Speaker 5: the ali right, and what might be the other benefits
17:02
Speaker 5: of being one or the other.
17:03
Speaker 2: So this is a tricky topic because if you're doing
17:08
Speaker 2: here in Australia, and you should absolutely head to the
17:11
Speaker 2: Fairwork dot gov dot au website to learn a little
17:14
Speaker 2: bit more and not just take a podcast as gospel.
17:16
Speaker 2: But I have done the reading, so I'm basically just
17:19
Speaker 2: spitting out what I've read on that website. But I
17:22
Speaker 2: also know from personal experience in our community that if
17:26
Speaker 2: you're a casual employee and you've been doing consistent part
17:31
Speaker 2: time hours for a minimum I believe of twelve months,
17:35
Speaker 2: you're technically not meant to be on a casual contract.
17:39
Speaker 2: Some companies don't want to move you to a part
17:41
Speaker 2: time contract because that means they actually have a minimum
17:44
Speaker 2: obligation to you. Like if I had employed Beck on
17:47
Speaker 2: a casual contract, technically the nature of our arrangement is
17:51
Speaker 2: that I wouldn't some weeks have to give you any shifts.
17:54
Speaker 2: But if you were on a part time we have
17:56
Speaker 2: an agreement that there would be minimum shifts. So some
17:59
Speaker 2: companies want to keep you casual. Some companies might be
18:02
Speaker 2: as yours is my she is on the money friend
18:04
Speaker 2: might be trying to move you to part time because
18:06
Speaker 2: their casual plan isn't working out as well. But there
18:10
Speaker 2: are pros and cons to both. So when it comes
18:12
Speaker 2: to casual employment, you would have what we call a loading,
18:15
Speaker 2: and that's why your hourly rate is higher. You have
18:18
Speaker 2: loading because you don't get sick pay, and you don't
18:20
Speaker 2: get to take annual leave. You don't accrue annual leave,
18:23
Speaker 2: and you don't get a lot of the other benefits
18:25
Speaker 2: associated with being a full time or a part time employee.
18:29
Speaker 2: So a part time employee has the same rights as
18:32
Speaker 2: a full time employee, but you definitely have a few
18:35
Speaker 2: less benefits involved when you're casually employed. But to make
18:39
Speaker 2: up for the lack of benefits, you get a higher
18:42
Speaker 2: hourly rate. So there are a few things I guess
18:44
Speaker 2: that come in and it's going to really depend on
18:48
Speaker 2: what you want out of life. I know when I
18:51
Speaker 2: was back in UNI, and this was ten plus years ago,
18:54
Speaker 2: so things have definitely changed. I got offered a part
18:56
Speaker 2: time role and I said no thanks, because I actually
18:58
Speaker 2: wanted the loading of being a casual employee and I
19:01
Speaker 2: liked the flexibility. I didn't care about unpaid leave, I
19:04
Speaker 2: didn't care about all of those things because I was
19:06
Speaker 2: kind of like broke as hell, so I didn't want
19:09
Speaker 2: to take annual leave and any annual leave periods. I
19:11
Speaker 2: actually wanted way more shifts to make more money, so
19:15
Speaker 2: I liked that flexibility. But at the end of the day,
19:18
Speaker 2: I think this is going to depend on what your
19:22
Speaker 2: personal circumstances are, So negotiating with your employer is important.
19:29
Speaker 2: Asking for more information I think is also important because
19:31
Speaker 2: if you're missing out massively financially from making that shift
19:35
Speaker 2: because it works better for your employer, I think that
19:38
Speaker 2: there needs to be a really good conversation around Hey,
19:41
Speaker 2: I can see that this puts you guys in a
19:43
Speaker 2: way better position, but it doesn't do the same for me.
19:45
Speaker 2: In fact, I'm going backwards. So what are we going
19:48
Speaker 2: to do about Maybe you're negotiating that, yes, you take
19:51
Speaker 2: a cut on your hourly rate, but it might not
19:55
Speaker 2: be as much of a cut as what they're proposing.
19:58
Speaker 2: Do the math, sit down and write out what you'd
19:59
Speaker 2: take home per week or fortnite or month or however
20:02
Speaker 2: you get paid on the casual versus the part time contract,
20:06
Speaker 2: But also what other benefits are there? Are you actually
20:10
Speaker 2: going to enjoy the fact that you now get paid leave,
20:13
Speaker 2: it might be a value to you. Are you actually
20:16
Speaker 2: going to benefit from sick leave? Because if you call
20:18
Speaker 2: in as a casual when you're not well, you're probably
20:21
Speaker 2: not getting paid for that. So it will really depend
20:24
Speaker 2: on your contract on how that works and having open,
20:26
Speaker 2: honest conversations with your employer. But I would be checking
20:30
Speaker 2: out the Fair Work website because I feel like they
20:32
Speaker 2: are the most reliable source of information. And it really
20:35
Speaker 2: depends on what award you're on as well as to
20:38
Speaker 2: what the regulations look like, because they're really different if
20:41
Speaker 2: you were in construction, or you're a barista, or you're
20:44
Speaker 2: a waitress, or maybe you're working in an art gallery, Like,
20:47
Speaker 2: all of these different things are going to come into play.
20:49
Speaker 2: So there's not a one size fits all answer here
20:52
Speaker 2: as to which is better. Because according to Fair Work,
20:55
Speaker 2: part time contracts are relatively attractive because there's more responsibility
21:00
Speaker 2: on the employer. However, you might be like past Victoria,
21:04
Speaker 2: I loved my high outul you rate, so to me
21:08
Speaker 2: that made sense. What would you guys do?
21:09
Speaker 3: I would just say to be aware that going onto
21:12
Speaker 3: part time, it's going to really depend on your contract
21:14
Speaker 3: because I remember when I worked in retail, and I
21:17
Speaker 3: worked for the same employer on a casual, part time,
21:19
Speaker 3: and full time contract, so I did it all. But
21:21
Speaker 3: the part time contract of a standard contract was a
21:24
Speaker 3: three hour minimum. So I know that she said in
21:28
Speaker 3: her note to us that she was worried that if
21:30
Speaker 3: she stayed casual they might penalize her by reducing her shifts,
21:34
Speaker 3: but if she went part time like she would be
21:36
Speaker 3: guaranteed shifts. But sometimes employers can be sneaky because if
21:39
Speaker 3: they set that minimum at the lowest amount, which in
21:42
Speaker 3: the retail award, at least at the time that I
21:45
Speaker 3: was working, it was three hours a week, Yep, they
21:47
Speaker 3: are only required to give you whatever's outlined in your contract.
21:50
Speaker 3: If they set that at twenty five hours a week,
21:52
Speaker 3: that would be your minimum. But sometimes employers who are
21:55
Speaker 3: doing it to reduce their costs will put those minimum
21:58
Speaker 3: hours in as low as possible so that they can
22:01
Speaker 3: chop and change that roster around as they need without
22:03
Speaker 3: actually having a significant obligation to you outside of your
22:07
Speaker 3: pro rauded benefits based on you know, whatever that minimum
22:10
Speaker 3: hourly rate is.
22:11
Speaker 2: Yeah, it makes me really frustrated because the tone of
22:14
Speaker 2: that message was a bit threatening. Not from our community member.
22:17
Speaker 2: You weren't threatening, love you, but when people are saying,
22:21
Speaker 2: oh my gosh, like you'll get less hours, it kind
22:24
Speaker 2: of feels like a threat. Like, Jesse, if you don't
22:26
Speaker 2: sign this contract and agree to work for less right now,
22:29
Speaker 2: which is what it would feel like, you're going to
22:32
Speaker 2: not get the work, so you better sign. Yeah, And
22:34
Speaker 2: that feels awful, And I think that there's a conversation
22:38
Speaker 2: around that, And that's why I'm saying, maybe go check
22:40
Speaker 2: out fair Work and have a conversation. You can always
22:43
Speaker 2: call them for some advice and see what happens. But
22:46
Speaker 2: also it kind of is a no brainer as well,
22:50
Speaker 2: Like let's say that that was not threatening at all,
22:52
Speaker 2: and I've got Beck, and I've got Jess, and Jess
22:54
Speaker 2: is on a contract and she's part time, and then Beck,
22:57
Speaker 2: you're hourly. I look at that and I'm putting some
23:00
Speaker 2: on to roster. If I'm the business owner, I'm going
23:02
Speaker 2: to go, ah one, I've got minimum requirements that I
23:05
Speaker 2: need to meet with Jess. I don't have any obligation
23:07
Speaker 2: for hours for you. Also right now, per hour Jess
23:10
Speaker 2: is cheaper, so really, regardless of weather, I love you, Beck,
23:15
Speaker 2: or not. From a business perspective, it's just going to
23:18
Speaker 2: make more sense to just roster jess On Schlank. I'm
23:20
Speaker 2: just going to chuck jess On, like, let's pretend apples
23:23
Speaker 2: with apples, you have exactly the same role. One's part time,
23:25
Speaker 2: one's casual. I think that that could come into play,
23:28
Speaker 2: but also that then doesn't feel fair. I would be asking, well,
23:32
Speaker 2: why are we making this shift now? How does that work?
23:35
Speaker 2: Where are the benefits for the employees in this circumstance.
23:39
Speaker 2: I know you've been casual up until this point, and
23:41
Speaker 2: they might go, well, actually, the business is far more
23:44
Speaker 2: solid now like before we were up and down and
23:47
Speaker 2: you know we're a new business or whatever it is.
23:49
Speaker 2: Now we know you're on you. These are the hours
23:51
Speaker 2: we need, this is the amount of stuff we need.
23:53
Speaker 2: We're just going to do part time. And from a
23:55
Speaker 2: business perspective, that makes a lot of sense and is
23:58
Speaker 2: actually in their best interest because they could say, okay, well,
24:01
Speaker 2: you know, we're just hiring this way and we if
24:04
Speaker 2: you don't want to move over, you could go find
24:06
Speaker 2: another job. Like sometimes it's just them trying to run
24:10
Speaker 2: a clean, good business. So we need to take into
24:13
Speaker 2: consideration I guess their motivation for this, and maybe it
24:16
Speaker 2: was about making Hey, well the sun was shining. You
24:18
Speaker 2: had this really high casual rate and that was really great.
24:21
Speaker 2: But now everything's more solid and the option on the
24:24
Speaker 2: table is a part time contract, Like, let's just have
24:26
Speaker 2: a look at what those things look like and how
24:29
Speaker 2: that benefits you. And I don't mean to end my
24:32
Speaker 2: conversation on a I guess it's sour, OA, because it's
24:34
Speaker 2: not sour. But sometimes we outgrow roles and jobs and people.
24:37
Speaker 2: And if the option is going part time or finding
24:41
Speaker 2: another casual role that really serves you and makes you
24:43
Speaker 2: happy and gives you the remuneration that you are looking for,
24:46
Speaker 2: well maybe that's the decision that needs to be made.
24:49
Speaker 2: I'm not saying leave because they're making you sign it.
24:51
Speaker 2: That's absolutely not it. But you might go, oh, well
24:53
Speaker 2: that's okay. It was nice while it lasted. Yeah, totally, Beck,
24:56
Speaker 2: Do you have anything to add? Would you say yes
24:59
Speaker 2: or no?
24:59
Speaker 4: Or for me, I had a similar thing same as
25:02
Speaker 4: you guys, where I was working at a bowling alley.
25:07
Speaker 4: They pretty much just went from casual to part time
25:10
Speaker 4: and started like, oh, it wasn't threatening, but it was
25:13
Speaker 4: very I'm gonna say, I'm going to say threatening and saying, like,
25:16
Speaker 4: you know, if you don't move to part time, you
25:18
Speaker 4: won't get shifts, et cetera. I kind of just had
25:20
Speaker 4: to do that. But the decrease isn't as noticeable as
25:25
Speaker 4: you might think it is. It depends obviously, you know,
25:27
Speaker 4: as you're saying on your contract and things like that.
25:29
Speaker 4: But I guess, like just adding up what it's a
25:31
Speaker 4: bit hard to say, but like what your average SICKI
25:34
Speaker 4: days are. Let's say you take four a year, which
25:37
Speaker 4: is really isn't much. I love a good siki for
25:39
Speaker 4: a mental health day for anything. Really, it is very important.
25:43
Speaker 4: So let's say you take like four a year. Let's
25:46
Speaker 4: say that's roughly seven hundred and eight hundred dollars a year.
25:50
Speaker 4: Maybe you're making that in I don't know, like maybe
25:54
Speaker 4: like so deducting that if that makes sense, because you
25:57
Speaker 4: won't get paid that when you're a casual. If you
25:59
Speaker 4: moved apart time, time will kind of even out, do
26:02
Speaker 4: you know what I mean?
26:03
Speaker 2: Yeah, and we leave and stuff. It's also you might say, no,
26:06
Speaker 2: I don't want to take any leave, and that's okay,
26:08
Speaker 2: But when you leave that job, your leave balance will
26:11
Speaker 2: be paid out exactly, Yes, Like you're not working towards
26:14
Speaker 2: anything in that aspect. I think that it all needs
26:17
Speaker 2: to be taken into consideration, and it's honestly a bigger
26:20
Speaker 2: conversation than I get more per hour. Like the benefits
26:24
Speaker 2: and entitlements that exist are obviously financial, but also go
26:30
Speaker 2: beyond that. Like I can't sometimes afford or historically couldn't
26:34
Speaker 2: afford to take a mental health day. I was completely
26:36
Speaker 2: burnt out. I go to work because I needed the money. Yeah,
26:38
Speaker 2: how nice is it to go? Oh, I can call
26:40
Speaker 2: in seek today and exactly I can stay in bed
26:43
Speaker 2: and not stress about finances. So I think there's lots
26:46
Speaker 2: of bros and lots of content. Ultimately, you have to
26:50
Speaker 2: decide that for yourself. Somebody else can't tell you. But
26:52
Speaker 2: we've given you the resources and the tools and hopefully
26:54
Speaker 2: a little bit of insight to make that conversation and
26:56
Speaker 2: that decision a little bit easier. All right, let's segue
27:00
Speaker 2: into another community dilemma. Guys, we're going to talk about
27:03
Speaker 2: prenups because this week I got a message and it
27:05
Speaker 2: sounded like this, Hi, ladies, I'm getting married soon to
27:08
Speaker 2: the love of my life. And I couldn't be more
27:11
Speaker 2: excited and happy. I would really like to sign a prenup.
27:14
Speaker 2: It's not at all that I think the marriage won't
27:16
Speaker 2: work out. I've just worked so hard all my life
27:19
Speaker 2: to create my own wealth and it's something I value
27:21
Speaker 2: a lot. My parents separated when I was younger, and
27:24
Speaker 2: money was very messy and a huge stress in both
27:27
Speaker 2: of their lives. After watching this happen, I made it
27:30
Speaker 2: my mission to become financially independent. Anyway, my question is
27:34
Speaker 2: how do I bring this up with my fiance. I
27:36
Speaker 2: don't want him to be hurt or take this personally,
27:39
Speaker 2: but I'm worried he will I will not. Currently we
27:41
Speaker 2: have our own finances. Nothing is combined yet. Thank you
27:45
Speaker 2: so much.
27:45
Speaker 4: All right, guys, do you want to go first?
27:48
Speaker 3: Jess, I will start by saying prenups are a thing.
27:51
Speaker 3: In Australia. We have the BFA binding financial Agreement.
27:54
Speaker 2: I don't even need to be on this podcast if
27:56
Speaker 2: you want to know, ah, well.
27:57
Speaker 3: We've done a full episode on that, so type into
28:00
Speaker 3: your podcast or it might be underbinding financial agreements. Actually
28:05
Speaker 3: tied that into your podcast up and it should come up.
28:08
Speaker 3: I personally, I'm a big fan of the BFA, I'm
28:12
Speaker 3: all for it. Similar to our community member, my partner
28:14
Speaker 3: and I currently have entirely separate finances. As you guys
28:16
Speaker 3: know if you listen to the property playbook shameless plot,
28:19
Speaker 3: I'm trying to buy a house.
28:20
Speaker 2: Great podcast podcastic host, I.
28:24
Speaker 3: Think so too, Thank you so much. But I have
28:26
Speaker 3: literally already had the conversation with my partner and said, hey,
28:29
Speaker 3: if I buy a house, we will be putting a
28:30
Speaker 3: BFA in place.
28:31
Speaker 2: I'm sexy.
28:33
Speaker 3: Have all of my friends, most of them have shared finances,
28:36
Speaker 3: Several of them are married or have children. I have
28:38
Speaker 3: said to all of them, none of whom currently have,
28:41
Speaker 3: You're like the pesty.
28:42
Speaker 2: Aren't who I have an account with money, so you
28:45
Speaker 2: can leave whenever you want.
28:46
Speaker 3: Literally, I've learned from the best, and I basically just
28:48
Speaker 3: parrot Victoria and I say, hey, girly, I think for me,
28:56
Speaker 3: it is really and the way that I explained it
28:57
Speaker 3: to my girlfriends, because everyone listening, you're basically my girlfriend.
29:00
Speaker 3: I pretty much have said. The way that I approach
29:02
Speaker 3: it with my partner and the way that I would
29:03
Speaker 3: approach it with anybody is saying It's not about saying
29:07
Speaker 3: I think you're going to take half my money. It's
29:09
Speaker 3: not because I think you're a bad person. It's because
29:12
Speaker 3: I want both of us in this relationship to be
29:15
Speaker 3: looked after, because I care about you and I care
29:17
Speaker 3: about me, and I think that these choices are best
29:21
Speaker 3: being laid out now while we care about each other.
29:24
Speaker 3: Because I think the thing that we've seen through our
29:26
Speaker 3: money diaries and through you know, just things that we've
29:29
Speaker 3: heard and seen here and there, is that when things
29:32
Speaker 3: go wrong, you're not expecting it, and it makes things
29:36
Speaker 3: harder if you're not prepared. So if I was in
29:38
Speaker 3: a relationship with my partner and I cheated on my partner,
29:41
Speaker 3: he's probably not going to be thrilled with me.
29:43
Speaker 2: So if we're then I wouldn't be thrilled with you. No,
29:45
Speaker 2: no better than that.
29:46
Speaker 1: Yeah.
29:47
Speaker 3: So then if we're trying to divide up assets, I
29:49
Speaker 3: think there's all of this animosity, there's emotion, even if
29:52
Speaker 3: there's no cheating, even if you're just breaking up because
29:54
Speaker 3: it didn't work out, there's all of these things going
29:56
Speaker 3: on that mean maybe not everybody's in the fairest kind mindset.
30:01
Speaker 3: Whereas if you have an agreement in place that you've
30:03
Speaker 3: put together when you both love each other, when you
30:05
Speaker 3: both care about each other, when you're both worn the
30:07
Speaker 3: best for each other exactly, then I feel like you're
30:10
Speaker 3: going to have the best possible outcome. And yes, people
30:13
Speaker 3: say that they're not fully air tight in the way
30:15
Speaker 3: that maybe your prenup is in the US, like there's
30:17
Speaker 3: you know, all of these nuancewers, which again were covered
30:19
Speaker 3: in the episode. But I think that having something in
30:23
Speaker 3: place is just nice to protect everybody. Like in the
30:26
Speaker 3: same way that if I got a BFA it was
30:28
Speaker 3: would be to protect me, we would also be putting
30:31
Speaker 3: clauses in there to protect my partner as well. And
30:33
Speaker 3: so I think you go two ways one hundred percent.
30:35
Speaker 3: Like this isn't just about me saying I think you're
30:37
Speaker 3: going to take my money and I want to make
30:39
Speaker 3: sure that you can't do that, you gold digger. It's
30:41
Speaker 3: about being like I want both of.
30:43
Speaker 2: Us to be money.
30:44
Speaker 4: I was going to say, no, we were this side
30:50
Speaker 4: of you.
30:51
Speaker 3: Yes you have at my Barbie party, that's true. I
30:53
Speaker 3: did drop it.
30:54
Speaker 2: She was like this super classy fairy and I was
30:58
Speaker 2: crumping on the desk floor. It was a lot.
31:03
Speaker 3: No, But yeah, I think just putting something in place.
31:05
Speaker 3: I mean, like, hey, it's not just about me, it's
31:06
Speaker 3: about us, and I want us to be looked after, rain,
31:09
Speaker 3: hail or shine. Do we hope that we never have
31:11
Speaker 3: to use it?
31:11
Speaker 2: Absolutely?
31:12
Speaker 3: I hope. It's the most useless piece of paper that
31:13
Speaker 3: I own. However, you don't know what you don't.
31:16
Speaker 2: Know, and it kind of sucks as someone who's spent
31:19
Speaker 2: so much on their wedding speaking from experience. Thankfully I
31:23
Speaker 2: haven't gone through a divorce yet, but the statistics are
31:26
Speaker 2: that more than half of all marriages here in Australia
31:29
Speaker 2: end up in divorce. Christ So nobody goes into a
31:32
Speaker 2: marriage with the expectation that's not going to work out.
31:34
Speaker 2: It's an expensive process with a lot of legal obligations
31:37
Speaker 2: that you don't accidentally fall into. It's not oh, we
31:40
Speaker 2: woke up and we got married in Vegas, because you
31:42
Speaker 2: actually have to register a marriage in Australia or the
31:45
Speaker 2: intention to get married. I believe it's like more than
31:48
Speaker 2: two weeks before the wedding.
31:50
Speaker 3: You can't like get drunk and just get shotgun married here.
31:52
Speaker 2: It's not a thing. No, it's a month before the
31:54
Speaker 2: wedding and you can't just get shotgun married. So it
31:57
Speaker 2: was on an accident, like you guys did this and
31:59
Speaker 2: had enough thinking time to work out whether it is
32:01
Speaker 2: a good idea or not. And so I think just
32:03
Speaker 2: sitting down and yet reiterating what you were saying, I
32:05
Speaker 2: think my way of approaching it would be flipping the narrative.
32:10
Speaker 2: I'm not going to talk about my assets because that
32:12
Speaker 2: can make me look really self absorbed really quickly. I'm
32:15
Speaker 2: actually going to say, hey, I want us and I
32:16
Speaker 2: want you to be protected. And I think that that's
32:19
Speaker 2: the best way to have a good conversation is immediately
32:22
Speaker 2: by putting yourself in their shoes. Like it does feel
32:25
Speaker 2: confrontational if I say, hey, Beck, we're getting married. I
32:27
Speaker 2: just want to make sure my stuff's protected from you,
32:30
Speaker 2: right Like that feels a bit like, oh, I didn't
32:32
Speaker 2: realize you were worried about your stuff being exposed to me.
32:35
Speaker 1: Yeah.
32:35
Speaker 2: Whereas if I approach the conversation with kindness and I say, hey, Beck,
32:39
Speaker 2: I love you with absolutely everything I have and I
32:41
Speaker 2: cannot wait to get married. But there's this podcast that
32:45
Speaker 2: I've been listening to and blame me. I want to
32:48
Speaker 2: be that person that you can just blame for anything.
32:49
Speaker 2: I don't care if you Barna doesn't like me, I
32:52
Speaker 2: really don't, so you can tell them that it's my fault. Oh,
32:55
Speaker 2: my friend Victoria told me about this really weird concept
32:57
Speaker 2: of binding financial agreement. Kind of makes sense. What do
32:59
Speaker 2: you you think, Like, don't just start with being aggressive.
33:03
Speaker 2: I need to protect my stuff. Start with this open,
33:06
Speaker 2: honest conversation. Like, oh, I was listening to this podcast.
33:09
Speaker 2: I hadn't really thought about it because you're kind of
33:12
Speaker 2: a long way down the track. So if you're talking
33:15
Speaker 2: about a binding financial agreement and this person is your fiance,
33:19
Speaker 2: you've already been their girlfriend or their boyfriend or their
33:21
Speaker 2: partner for a while, I'm assuming and if this topic
33:23
Speaker 2: hasn't come up before, they might be a little bit
33:25
Speaker 2: jarred by it. So I think blaming another source or
33:29
Speaker 2: outsourcing it to become, you know, Jessin Beckham Victoria's fault.
33:33
Speaker 2: I would love to be the reason you've got a
33:35
Speaker 2: binding financial agreement in place, like, I'm all for it.
33:38
Speaker 2: Use me, But I think sitting down and having that
33:41
Speaker 2: conversation is really important. And there's two folds to it, right, So,
33:45
Speaker 2: as you guys know, I've spoken about it before, I
33:48
Speaker 2: have one with my husband. It was established when we
33:50
Speaker 2: moved in together, not when we got married. We lived
33:53
Speaker 2: together four years before we got married. But I was like,
33:56
Speaker 2: ain't no man gonna take advantage of me. I don't
33:58
Speaker 2: know if you know me well enough, but that obviously happened.
34:01
Speaker 2: But there were two conversations there. There was protecting the
34:04
Speaker 2: me that went into the relationship with my partner, and
34:08
Speaker 2: she didn't have the success and the situation that she's
34:12
Speaker 2: in today, so there was protecting that. But then there
34:16
Speaker 2: was also protecting what we were creating together. And so
34:19
Speaker 2: for me, I know, and this might be different for everybody,
34:23
Speaker 2: but I know to get where I am today and
34:25
Speaker 2: have the life I have and have the assets that
34:28
Speaker 2: we have, regardless of who put what dollar ware, it
34:32
Speaker 2: was a joint effort between my husband and I, and
34:35
Speaker 2: so that is a very different conversation if we divorced,
34:40
Speaker 2: as to you know, who owns what. The thing that
34:42
Speaker 2: was important to me was protecting my businesses because if
34:45
Speaker 2: my relationship doesn't work out, well, you guys know, I'll
34:48
Speaker 2: be even more obsessed with you, and I didn't want
34:51
Speaker 2: that to come into play. So those were the things
34:53
Speaker 2: I wanted to protect. And then you know Jess's situation
34:55
Speaker 2: is different again, she's buying a house on her and
34:58
Speaker 2: I didn't have property. When I got in a relationship
35:00
Speaker 2: with my husband, I was in debt, Like he didn't
35:02
Speaker 2: have anything. I was like, do you want it? You
35:04
Speaker 2: can have it, but your circumstance is the actual physical
35:09
Speaker 2: house which someone could contest, whereas mine was a business.
35:12
Speaker 2: It might be a car, it might be an inheritance,
35:14
Speaker 2: it might be anything, but having these literally, do you know?
35:18
Speaker 2: When I was with my ex boyfriend, we got a cat, Bailey,
35:21
Speaker 2: the love of my life. The day I got him,
35:23
Speaker 2: I was like, by the way, this is my cat. Yeah,
35:26
Speaker 2: Like I have paid one hundred percent for him. I
35:29
Speaker 2: will cover all of his costs because if we ever
35:32
Speaker 2: break up, because I think deep down I kind of
35:34
Speaker 2: knew it wasn't going to work out long term. I
35:35
Speaker 2: don't know. I didn't know at that time. Otherwise I
35:37
Speaker 2: wouldn't have been getting a pet with the person, right.
35:40
Speaker 2: I was like, this cat is mine. If we ever
35:42
Speaker 2: break up, this is my cat. It's not even a
35:44
Speaker 2: conversation I'm going to engage in. Yeah, And we broke up,
35:48
Speaker 2: and I was like, I'm glad I had that conversation
35:50
Speaker 2: cat let's.
35:51
Speaker 4: Go lucky lucky and now I completely agree with all
35:54
Speaker 4: of that. I would say, make sure that your partner
35:56
Speaker 4: knows that you're not planning for the demise of your
35:58
Speaker 4: relationship A really, because I think that's maybe something that
36:02
Speaker 4: your partner might think and maybe a version of me
36:06
Speaker 4: that's not as secure with the person I'm dating, I
36:08
Speaker 4: would maybe think, are you preparing for us to not last?
36:12
Speaker 4: But the reality is am I not? It might, It
36:14
Speaker 4: doesn't matter either way. Better to be safe than sorry.
36:18
Speaker 2: And better to have that conversation when you're in a
36:20
Speaker 2: good place, because if you're in a bit of an
36:22
Speaker 2: awkward position or you've just recently had an argument, like
36:25
Speaker 2: now's not the time I love, Like, don't bring it
36:27
Speaker 2: up then, because your partner will think that you're catastrophizing
36:30
Speaker 2: and maybe trying to protect yourself and like go down
36:33
Speaker 2: that thought pattern. Sure, I mean, if Steve cheats on me,
36:36
Speaker 2: I'm going to be taking him to the cleanness.
36:38
Speaker 3: So that's the thing that would be Lark, good luck.
36:44
Speaker 2: In your favor, yes, spikdi. What did our community say? So?
36:47
Speaker 2: There were lots of comments, lots very similar to what
36:50
Speaker 2: Jess said, A lot of people said, go for it,
36:52
Speaker 2: just ask at an appropriate time and prepare for questions.
36:55
Speaker 2: They might not be on the same page as you.
36:57
Speaker 2: So that's a really good point bringing up that you
37:00
Speaker 2: might be so ready to have a conversation about a
37:02
Speaker 2: binding financial agreement, that does not mean that they are
37:05
Speaker 2: in the mental space for it. So I think pre
37:07
Speaker 2: planning is important. Maybe going hey, jes, I've been listening
37:11
Speaker 2: to this podcasts. They really recommend before we get married
37:15
Speaker 2: having a binding financial agreement. Do you want to have
37:17
Speaker 2: a chat about that at some point? Do you want
37:20
Speaker 2: to go away, do your own research, have a bit
37:21
Speaker 2: of a think about it. You know, I'm going to
37:23
Speaker 2: do a bit more research too, Like I'm not ready
37:24
Speaker 2: to have the conversation yet, but go a wages, have
37:27
Speaker 2: a think about it, and then you know, maybe next
37:29
Speaker 2: week over dinner we can have a chat. They've had
37:32
Speaker 2: the time to I guess absorb that do their own
37:34
Speaker 2: research instead of you bombarding them. Because arguably, if you've
37:38
Speaker 2: listened to our binding financial Agreement episode, just listen to
37:41
Speaker 2: the conversations we've had about a state planning, You've listened
37:44
Speaker 2: to that you are so ready for that and prepared,
37:46
Speaker 2: and they might not be, so give them that grace.
37:50
Speaker 2: Someone else said, we have a separate account each and
37:53
Speaker 2: a joint one. It means that we have our own
37:55
Speaker 2: safety net and we always will. How are you planning
37:58
Speaker 2: or managing money together as you grow? What does that
38:01
Speaker 2: look like? Are you getting married and then joining finances
38:04
Speaker 2: or is everything going to stay exactly the same as
38:06
Speaker 2: it was. Maybe we could have a bigger conversation about
38:08
Speaker 2: money and life and sorting stuff out after we get married.
38:11
Speaker 2: Is anything going to change? And then the binding financial
38:14
Speaker 2: agreement could be part of that conversation. So it's just
38:17
Speaker 2: a little key part of the wider conversation about how
38:21
Speaker 2: we manage money because there's lots of things to consider.
38:23
Speaker 2: It's also like health insurance. It can be cheaper if
38:27
Speaker 2: you've got like a couple's policy.
38:29
Speaker 3: Do we share a Spotify account? Oh my gosh, No,
38:31
Speaker 3: there's all the things as zero.
38:33
Speaker 2: No, we don't share a Spotify account because his music taste?
38:37
Speaker 2: Uh uh my Spotify, stop telling me I like this trash.
38:41
Speaker 2: I don't.
38:41
Speaker 4: It does suck that you can't have individual accounts sharing
38:45
Speaker 4: spot Is it right?
38:46
Speaker 3: No, that's not right. You can have different because like
38:48
Speaker 3: six people using my Spotify. I can't remember, and I
38:50
Speaker 3: had no idea. I wasn't seeing their playlist. Oh okay,
38:52
Speaker 3: I see.
38:53
Speaker 2: I don't know how that worked because my playlists become
38:55
Speaker 2: all of Stave's music, and then Taylor Swift gets the
38:58
Speaker 2: Yeat and that's all I want to hear. Accepted, all right.
39:01
Speaker 2: Someone says these really should have been a discussion before
39:04
Speaker 2: you got engaged, not weeks before. Don't need the judgment.
39:08
Speaker 2: We don't need the judgment asking now is the best
39:11
Speaker 2: time because you've just learned about it and you're just considering.
39:15
Speaker 2: I don't think we need to be going. I should
39:17
Speaker 2: have already done that. You know what, there's a lot
39:19
Speaker 2: of things I should have already done that I've never done.
39:21
Speaker 2: You know what.
39:21
Speaker 4: They say the best time to plant a tree is
39:23
Speaker 4: one hundred years ago, Yeah, or today, exactly, something like that.
39:27
Speaker 2: They say it's beautiful. They also say that about investing.
39:31
Speaker 2: The best time to invest was one hundred years ago,
39:33
Speaker 2: but the second best time is today.
39:35
Speaker 3: Yes, that's the way.
39:36
Speaker 2: Know, you said the exact same thing. I'm just really
39:38
Speaker 2: driving home that you were right. Thank you. Someone said,
39:41
Speaker 2: I don't have a partner yet, but I've worked really
39:43
Speaker 2: hard and I will be protecting my assets. Yes, queen
39:46
Speaker 2: get a queen. Yes. Someone said she definitely should do it.
39:49
Speaker 2: If he's offended, then he has his head in the sand.
39:52
Speaker 2: You've been listening to my book. Someone said, more so
39:56
Speaker 2: for my peace of mind than what he thinks. He
39:58
Speaker 2: will take it as he can. Oh, I just feel
40:02
Speaker 2: like we just need to approach all these conversations with
40:04
Speaker 2: a lot of kindness. And someone said, after losing a
40:07
Speaker 2: lot more than twenty thousand dollars to my ex, my
40:10
Speaker 2: now partner is the one who suggested I should protect myself.
40:13
Speaker 4: Yeah, I like that's good.
40:14
Speaker 2: I love that. And someone said she should just say
40:17
Speaker 2: exactly what she said in that message. It was very kind. Yes,
40:20
Speaker 2: So there's just been a lot of I guess support.
40:23
Speaker 2: I think the most important thing is that, yes, I agree,
40:26
Speaker 2: it would have been beautiful to have this conversation before
40:29
Speaker 2: getting engaged. But you don't know when you're going to
40:32
Speaker 2: get engaged. No. I knew because my partner had a
40:35
Speaker 2: ring and he told me he had a ring, and
40:37
Speaker 2: so I was really angsty about it. But like, not
40:39
Speaker 2: everyone's partner does that for them, you know, really totally,
40:42
Speaker 2: So it might have been a surprise, and you hadn't
40:44
Speaker 2: had that conversation yet.
40:45
Speaker 4: Like maybe you just didn't think about it until right now.
40:47
Speaker 4: That's okay, exactly. You might be married already. Yeah, that's
40:51
Speaker 4: not too late to have that conversation. Yeah, like I
40:53
Speaker 4: would be having that conversation irrespective of where you are
40:57
Speaker 4: in that journey of your relationship, because ultimately, it doesn't
41:01
Speaker 4: just protect you, it protects your partner.
41:03
Speaker 2: And that's the point. It's a two sided agreement. It's
41:07
Speaker 2: not just me going, hey, just sign this. It puts
41:09
Speaker 2: me in the best position if you ever leave me.
41:11
Speaker 2: Ill No, No, David, el David still David. I don't
41:16
Speaker 2: get the reference, but I like it.
41:18
Speaker 4: Shit's Creak.
41:19
Speaker 2: I gotta watch that, do you know? My first dance
41:21
Speaker 2: was simply the best version from Shit's Creek iconic, truly iconic,
41:26
Speaker 2: and absolutely never posted that because it was a moment
41:28
Speaker 2: for me. Oh beautiful, but you can go look that up.
41:31
Speaker 2: It was a very good song. Cool, you're welcome for
41:32
Speaker 2: the wedding song recommendation. My friend who's currently engaged to
41:36
Speaker 2: be a fiance or we engaged to be married.
41:38
Speaker 3: Exciting.
41:39
Speaker 2: All right, we will see you next week. Guys, have
41:41
Speaker 2: the best weekend. We love you all and get your
41:43
Speaker 2: binding financial agreements in place a SAP, Bye bye. The
41:53
Speaker 2: advice shared on Cheese on the Money is generally nature
41:57
Speaker 2: and does not consider your individual circumstances. She's on the
42:00
Speaker 2: Money exists purely for educational purposes and should not be
42:04
Speaker 2: relied upon to make an investment or financial decision. If
42:07
Speaker 2: you do choose to buy a financial product, read the
42:09
Speaker 2: PDS TMD and obtain appropriate financial advice tailored towards your needs.
42:14
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42:18
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