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Transcript

Single Is Spenno! · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
• 0:04
  Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:57
  Speaker 2: Hello, and welcome to She's on the Money. Need the
• 1:00
  Speaker 2: podcast for housemates who want financial.
• 1:03
  Speaker 4: Freedom from their other housemates.
• 1:05
  Speaker 2: Today is Friday, which means it is time to get
• 1:07
  Speaker 2: my little team together. We've got Beck Sayed and Miss
• 1:10
  Speaker 2: Jess Gricci and we today, as always, are celebrating our
• 1:14
  Speaker 2: beautiful She's on the Money community. Today we're going to
• 1:17
  Speaker 2: be sharing or I say we because I want you
• 1:20
  Speaker 2: and I Beck to be in on what Jess is
• 1:22
  Speaker 2: bringing to the table. But Jess will be sharing our
• 1:24
  Speaker 2: favorite money wins. You have another broke tip for us,
• 1:28
  Speaker 2: We're going to be helping to answer a juicy money dilemma,
• 1:30
  Speaker 2: which this week is all about channeling funds to pay
• 1:33
  Speaker 2: down debt more effectively. And we're going to be unpacking
• 1:36
  Speaker 2: a message that you slid into our DMS about which
• 1:39
  Speaker 2: this week we're talking about splitting bills in the sharehouse.
• 1:42
  Speaker 2: And I have an inkling of how this is going
• 1:44
  Speaker 2: to go because we had a slightly heated conversation about
• 1:46
  Speaker 2: olive oil before the show started recording. But we're not gonna,
• 1:50
  Speaker 2: you know, say names or blame ex housemates. That's all good. Beck.
• 1:56
  Speaker 2: How has your week been? What have you been up to?
• 1:58
  Speaker 5: My week has been real, cruzy, cruzy, crazy, almost too crazy.
• 2:04
  Speaker 4: I'm wondering more? Am I missing?
• 2:07
  Speaker 1: Oh?
• 2:07
  Speaker 2: No, it's pay week? You got paid?
• 2:09
  Speaker 4: Ah? Yes, yeah, yes, not stressed anymore?
• 2:12
  Speaker 2: No, no, no, how did you go give us an
• 2:15
  Speaker 2: update for fifteen dollars? And like what was it?
• 2:18
  Speaker 1: Like?
• 2:18
  Speaker 2: Thirty one cents?
• 2:19
  Speaker 4: It was thirty three cents?
• 2:21
  Speaker 2: Okay, sorry, fifteen dollars and thirty three cents that you
• 2:23
  Speaker 2: had to live off for the last week? Did we
• 2:26
  Speaker 2: do it?
• 2:27
  Speaker 4: Need it? Of course you need it.
• 2:29
  Speaker 2: Nobody doubted you.
• 2:30
  Speaker 5: Thank you so much. But you know it's because I'm
• 2:32
  Speaker 5: a single person. I don't have any dependence. I'm very
• 2:36
  Speaker 5: lucky that way. So I made it work. It lasted
• 2:40
  Speaker 5: the whole week. I even had a few cents left
• 2:42
  Speaker 5: at the end.
• 2:42
  Speaker 2: I love this. We should do like a little join
• 2:45
  Speaker 2: beck on a frugal week. Yeah, like not necessarily just
• 2:48
  Speaker 2: pay week, but like we all do one week where
• 2:51
  Speaker 2: we are as frugal as possible and we can like
• 2:53
  Speaker 2: calculate how much we save as a team or like
• 2:57
  Speaker 2: as a community. Everybody else can join in as well
• 3:00
  Speaker 2: and see how much we could actually save him one week.
• 3:02
  Speaker 2: Because if anything is impossible to me, it's one of
• 3:05
  Speaker 2: those no spend months that people on social media do.
• 3:08
  Speaker 4: Yes, I always have wanted to be one of those people,
• 3:10
  Speaker 4: and I just simply never have A.
• 3:13
  Speaker 2: Month is not going to work. But do you reckon?
• 3:14
  Speaker 2: You could commit to a week?
• 3:16
  Speaker 4: Give it a crack.
• 3:16
  Speaker 2: I think we could do a week and then we're
• 3:19
  Speaker 2: just going to use beck A's gospel and be like beck,
• 3:21
  Speaker 2: what would you do?
• 3:22
  Speaker 4: Beck?
• 3:22
  Speaker 2: How do we make this work? Beck? What's our grocery
• 3:25
  Speaker 2: list this week? Lack for the most budget options? I
• 3:28
  Speaker 2: love better belief but do you know what I'm going
• 3:30
  Speaker 2: to fail all in?
• 3:33
  Speaker 4: That sounds really fun. Maybe we'll work on ptting that
• 3:35
  Speaker 4: together so we can do it as a community.
• 3:36
  Speaker 2: Everyone.
• 3:36
  Speaker 4: I want great idea.
• 3:38
  Speaker 2: Yeah, we had to give a catchy name so if
• 3:40
  Speaker 2: anyone has a catchy name for Beck's Broke Week.
• 3:43
  Speaker 4: Yeah, some sort of challenge, something about challenging LLB get bracelets.
• 3:49
  Speaker 2: What would Beck do?
• 3:50
  Speaker 4: So cute?
• 3:51
  Speaker 2: Yes, well we're going to do you know what? I
• 3:54
  Speaker 2: think we should workshop this later.
• 3:55
  Speaker 4: Yeh, let's workshop it.
• 3:56
  Speaker 2: Jessica, how's your week being really good?
• 3:58
  Speaker 4: It's very quiet because of this is enjoying the sunny
• 4:01
  Speaker 4: shores of Bali right now. And hello, sadly not me.
• 4:05
  Speaker 2: I'm in Bali, but I have tuned in to talk
• 4:09
  Speaker 2: about housemates because she wouldn't missed it. Don't tempt me
• 4:13
  Speaker 2: with a good time.
• 4:14
  Speaker 4: I mean who wouldn't.
• 4:16
  Speaker 2: Literally not me, not me. I'm here with bells on,
• 4:19
  Speaker 2: so let's jump into it. It's been a good week,
• 4:23
  Speaker 2: especially for me. I have heard that it was also
• 4:28
  Speaker 2: a good week for our community. Jess what money wins
• 4:30
  Speaker 2: have you pulled out of the community to share?
• 4:32
  Speaker 4: My first money win this week comes from Micah, who
• 4:36
  Speaker 4: said I paid off my small after pay balance with
• 4:39
  Speaker 4: money from selling clothes that I don't wear that I
• 4:41
  Speaker 4: used after pay to buy, and I have now closed
• 4:44
  Speaker 4: my after pay A pound for good when very good,
• 4:46
  Speaker 4: full circle moment. You love that. My next money win
• 4:50
  Speaker 4: comes from Samantha, who said I went up a skill
• 4:53
  Speaker 4: step at my performance review, which means a pay increase
• 4:56
  Speaker 4: plus the four point five percent pay increase the Union
• 4:59
  Speaker 4: campaign for means my fortnightly income is about to go up.
• 5:03
  Speaker 4: Plus I got my tax done and thanks to all
• 5:04
  Speaker 4: my study deductions, I should be getting a decent refund
• 5:08
  Speaker 4: tax time. We love to see it. Next, I've got
• 5:11
  Speaker 4: a money win from Katie, who said I sold a
• 5:13
  Speaker 4: washing machine on Facebook marketplace for seventy five dollars three
• 5:16
  Speaker 4: years ago.
• 5:17
  Speaker 2: I paid fifty dollars for it. Oh my gosh, you
• 5:18
  Speaker 2: got a money win.
• 5:19
  Speaker 4: What's that twenty five dollars profit three years later?
• 5:21
  Speaker 2: The capital gainstow.
• 5:23
  Speaker 4: We love it. Next, I've got a money win from Chavon,
• 5:27
  Speaker 4: who said not having to worry about AFL finals this
• 5:30
  Speaker 4: year is a money win. Freeman's were breaking my heart again,
• 5:33
  Speaker 4: Not so much.
• 5:35
  Speaker 2: That's a winner. Or we can be friends.
• 5:39
  Speaker 4: Yeah yeah, Next I have a money loss from Cass,
• 5:41
  Speaker 4: who said confession, emotional and stress spending has been intense,
• 5:46
  Speaker 4: So I have a date with my budget tonight to
• 5:48
  Speaker 4: reinstate some boundaries and make myself a plan. I love
• 5:52
  Speaker 4: this normal calling off the horse and getting back on.
• 5:55
  Speaker 2: Yeah, you can't stay on the horse all the time.
• 5:58
  Speaker 4: Yeah, yeah, exactly.
• 6:03
  Speaker 2: It's like we actually have two brain cells between us
• 6:06
  Speaker 2: and they're both competing for third place.
• 6:10
  Speaker 4: Lastly, this week, I have a money win from Amy,
• 6:12
  Speaker 4: who said I forgot my lunch today and I wasn't
• 6:15
  Speaker 4: keen to pay for takeaway, but I found a long
• 6:18
  Speaker 4: forgotten frozen meal in the freezer at work.
• 6:20
  Speaker 1: Money.
• 6:21
  Speaker 4: Yes, and that was getting me.
• 6:23
  Speaker 2: That's good, that's real good. That was giving me BB.
• 6:27
  Speaker 4: I was right, good one to finish on. I love that.
• 6:30
  Speaker 2: I love that we should bring that back BB.
• 6:33
  Speaker 5: Never one away true, be new or have forgotten. BBA
• 6:38
  Speaker 5: is big back energy. Yehi, I love I love it BB.
• 6:43
  Speaker 5: Speaking of bringing some BB to this show. Yes, spex
• 6:46
  Speaker 5: broke tips Okay, BBT, you are great a segways BBT.
• 6:51
  Speaker 4: It's like a BLT, but more frugal, yes, more tasty bacon.
• 6:57
  Speaker 2: It's mainly just free cheese and bread from the cafeteria
• 7:01
  Speaker 2: exactly exactly.
• 7:02
  Speaker 4: So all right, first one I'm going to start off with.
• 7:06
  Speaker 2: We're ready from this feels very aggressive.
• 7:11
  Speaker 4: Let me bring this back. I got this pen in
• 7:15
  Speaker 4: my hand and I'm pointing every I'm just going to be.
• 7:17
  Speaker 2: Very could you please let me relax?
• 7:21
  Speaker 5: Sorry me, Oh my goodness, you don't need my pad
• 7:25
  Speaker 5: pointing at you from Bali in Bali.
• 7:26
  Speaker 4: Okay, So this one is from.
• 7:28
  Speaker 5: Terry who actually, after a little bit of digging, realized
• 7:31
  Speaker 5: this one is initially from my Millennial Money. Stole it
• 7:36
  Speaker 5: from Different Money, Yeah, which is like penultimate broke tips.
• 7:40
  Speaker 2: So we're kind of really scraping the bottom of the barrel.
• 7:42
  Speaker 2: Is heaping here but being very budget but taking from
• 7:45
  Speaker 2: Glenn James's community.
• 7:47
  Speaker 4: Glenn, sorry, Glenny.
• 7:49
  Speaker 2: He feels very generous of us taking from the reach
• 7:52
  Speaker 2: to give to the poor.
• 7:53
  Speaker 4: Yes, exactly.
• 7:55
  Speaker 5: No, but this is a really really good tip from Terry.
• 7:57
  Speaker 5: So this can kill a lot of birds with one stone.
• 7:59
  Speaker 5: So if you go to the website, you can find
• 8:02
  Speaker 5: one hundred and ninety nine plus freebies for your birthday.
• 8:06
  Speaker 5: So what you do is you sign up with all
• 8:07
  Speaker 5: these places so you'll find this on the My Millennial
• 8:10
  Speaker 5: Money website. Basically, you can either do this for yourself
• 8:13
  Speaker 5: on your birthday, go around and get a bunch of.
• 8:15
  Speaker 2: Freebies stunning, eat free the whole day.
• 8:19
  Speaker 5: Or if you have a child and you want to
• 8:21
  Speaker 5: do something that's a little bit cheap you can't really
• 8:24
  Speaker 5: afford gifts, or you can't really afford to take them
• 8:26
  Speaker 5: out or have a party, take that child out and
• 8:30
  Speaker 5: get them all a bunch.
• 8:31
  Speaker 4: Of free stuff.
• 8:32
  Speaker 2: Genius.
• 8:33
  Speaker 4: Everywhere you go, you'll find it.
• 8:35
  Speaker 5: You know, there's that boost smoothie that you can get
• 8:38
  Speaker 5: that's free on your birthday. There's a free ice cream
• 8:41
  Speaker 5: Baskin Robins. You used to love a Baskin Robins absolutely
• 8:45
  Speaker 5: so you can find so many places that offer something
• 8:48
  Speaker 5: free for your birthday. So check it out on the
• 8:50
  Speaker 5: My Millennial Money website. That is a mouthful.
• 8:53
  Speaker 2: How much to glean pay you to get his ad
• 8:56
  Speaker 2: on our podcast?
• 8:57
  Speaker 4: Lots of money and that's why I was able to
• 8:59
  Speaker 4: survive last week.
• 9:00
  Speaker 2: Yeah, well it's obviously lots of money because he spent
• 9:03
  Speaker 2: it all on his boat, didn't he.
• 9:05
  Speaker 6: Oh my.
• 9:09
  Speaker 2: Goodness, I'll be glad. Please don't hate me. Come on
• 9:11
  Speaker 2: our show again, meet your tips and tricks.
• 9:13
  Speaker 4: Please please, please please. The next one comes from at
• 9:15
  Speaker 4: Lease I Love I Love Alise.
• 9:18
  Speaker 5: So Alise kind of says, if you're eating at a
• 9:20
  Speaker 5: friend's house or a family member's house, this is something
• 9:22
  Speaker 5: I did mention last week that I did want to
• 9:23
  Speaker 5: also say this week, really reiterating it really yes, yes, yes,
• 9:27
  Speaker 5: it was intended for this week. Accidentally slipped up but
• 9:29
  Speaker 5: didn't give credit to Elise. So when you're eating at
• 9:32
  Speaker 5: a friend's house, you're eating anywhere really where there are
• 9:35
  Speaker 5: takeaway options available, maybe you have with lunch at work
• 9:38
  Speaker 5: or something like that. Personally, I get way too lazy
• 9:41
  Speaker 5: to take stuff home, especially because I live in a sharehouse.
• 9:43
  Speaker 5: I'm like, I only have one little compartment in the fridge.
• 9:46
  Speaker 5: I don't have space for all this stuff. If you
• 9:49
  Speaker 5: have the ability to take freebies where you can, wherever
• 9:53
  Speaker 5: that may be. If you're going and eating somewhere, if
• 9:55
  Speaker 5: you want to take takeaway, if you want to get
• 9:56
  Speaker 5: a doggie bag for one French fry, do it. If
• 10:00
  Speaker 5: you're eating at a restaurant, I should say, would just french fry.
• 10:03
  Speaker 5: If you can fit in French fry in a separate
• 10:07
  Speaker 5: stomach for French fries Beck.
• 10:09
  Speaker 4: That's fair because they always say do you want to
• 10:11
  Speaker 4: take it home? And I always just go.
• 10:15
  Speaker 2: They'll give you free takeaway containers which you can wash
• 10:17
  Speaker 2: out as well. In news yes exactly. Yeah, so those
• 10:21
  Speaker 2: are the community broke tips.
• 10:23
  Speaker 4: My personal one is.
• 10:25
  Speaker 5: This app that's called petrol Spy. So basically down with
• 10:28
  Speaker 5: this app, have it on your phone if you're driving around.
• 10:31
  Speaker 5: I kind of use it more so if I'm driving
• 10:33
  Speaker 5: to Sydney, for example, and you know that the highway
• 10:36
  Speaker 5: petrol stations can kind of like really bump the prices up.
• 10:39
  Speaker 5: I'll put in petrol spy the places that I'm going.
• 10:42
  Speaker 5: I'll have a look around and see if there are
• 10:43
  Speaker 5: towns on my way that yes, yes. But you can
• 10:49
  Speaker 5: use it anytime you can.
• 10:50
  Speaker 2: I do not want to drive to Sydney.
• 10:52
  Speaker 4: Don't push it too late, as someone who's broken down
• 10:54
  Speaker 4: on the highway, true one state to another. Don't push
• 10:58
  Speaker 4: it too late. Hey you later.
• 11:02
  Speaker 5: But yes, downloaded petrol spy and you can see kind
• 11:05
  Speaker 5: of like when the last time someone registered a price,
• 11:08
  Speaker 5: so you won't go there and it's like all of
• 11:11
  Speaker 5: a sudden, twenty cents more or something. You can't figure
• 11:13
  Speaker 5: out if it's quite recent.
• 11:14
  Speaker 2: Oh I love that. And the more people that use it, obviously,
• 11:16
  Speaker 2: the more updated the price. That's clear ooh love. All right, guys,
• 11:22
  Speaker 2: let's go to a really quick break on the flip side.
• 11:24
  Speaker 2: I want to talk to you about how to channel
• 11:25
  Speaker 2: funds to pay down your debts, and we get to
• 11:27
  Speaker 2: talk about how to split bills in a sharehouse, which
• 11:30
  Speaker 2: I think is going to be a very fun olive
• 11:32
  Speaker 2: oil discussion. Don't go anywhere, guys, Welcome back, guys.
• 11:39
  Speaker 4: Let's take a listen to the money dilemma.
• 11:43
  Speaker 2: Hi there, have you got a money dilemma you just
• 11:45
  Speaker 2: can't solve? The Sheese on the Money team is here
• 11:48
  Speaker 2: to help. Every week, we tackle your dilemmas, both big
• 11:51
  Speaker 2: and small, to answer your most burning money, career and
• 11:54
  Speaker 2: life questions. To get involved, simply head to our website
• 11:57
  Speaker 2: and leave us a short voice recording and you might
• 11:59
  Speaker 2: just find yourself on the show. Now, let's take a
• 12:02
  Speaker 2: listen to this week's money dilemma.
• 12:07
  Speaker 7: Hi there.
• 12:08
  Speaker 6: My money dilemma is that at the moment, I'm a
• 12:12
  Speaker 6: freelance acrobat and very lucky that I have an investment property.
• 12:18
  Speaker 2: But my dilemma is around looking at my help.
• 12:22
  Speaker 7: Debt, and whether it is more beneficial to put fifty
• 12:28
  Speaker 7: dollars a month into repaying my help debt, or should
• 12:32
  Speaker 7: I be putting that money towards investing, or should I
• 12:36
  Speaker 7: be putting it towards.
• 12:38
  Speaker 2: More rescular repayments my mortgage.
• 12:41
  Speaker 4: Any help would be best.
• 12:43
  Speaker 6: I can't really spare more than the fifty a month
• 12:46
  Speaker 6: to go all three ways, and any advice would be great.
• 12:49
  Speaker 2: I just freelance Acrobat. That is not where I thought.
• 12:53
  Speaker 2: This is a case is going to go.
• 12:55
  Speaker 4: That's the best job we've ever had.
• 12:56
  Speaker 2: So I tried to be real pervy and I go
• 13:00
  Speaker 2: googled freelance Acrobat income.
• 13:02
  Speaker 4: And imagine there's not a lot of data out there.
• 13:04
  Speaker 2: No, it just comes up with Adobe going how to
• 13:07
  Speaker 2: find a side hustle from home and how to download
• 13:10
  Speaker 2: this free pdfreda. I'm not telling me how much she earns,
• 13:14
  Speaker 2: and to be honest, I'm not gonna put in the
• 13:16
  Speaker 2: time and the energy to understanding that because it doesn't
• 13:19
  Speaker 2: matter what she earns. She did tell us how much
• 13:21
  Speaker 2: she has left over. Yes, so Beck Jess, yes you've
• 13:26
  Speaker 2: got some extra dosh at the end of the month.
• 13:28
  Speaker 2: How would you be viewing it Is that something that
• 13:31
  Speaker 2: you're putting against your hex Is that something that you're
• 13:33
  Speaker 2: putting against your home loan? I didn't realize she sounded
• 13:37
  Speaker 2: quite young. You're a freelance acrobat with your own investment property.
• 13:42
  Speaker 4: Pretty imagine? Yeah, true, Really that's so cool.
• 13:46
  Speaker 2: This is maybe an untapped industry change curious?
• 13:51
  Speaker 4: Yes, yes, yes, please, no, well you please go ahead.
• 13:59
  Speaker 5: I feel like you've I don't have hex steps, so
• 14:01
  Speaker 5: it must be nice.
• 14:03
  Speaker 4: I can't get invested.
• 14:04
  Speaker 2: Must be us. We're at the same table. Well, there
• 14:07
  Speaker 2: you go, there you go.
• 14:09
  Speaker 4: I mean, I'm just gonna parrot what I feel like
• 14:11
  Speaker 4: I've always heard you say. Okay, I don't know, I
• 14:13
  Speaker 4: don't know if that's fair. You want to go, I'm
• 14:16
  Speaker 4: Victoria to fine, Hello's Victoria speaking, But she picks up
• 14:20
  Speaker 4: the phone.
• 14:24
  Speaker 2: That made me feel a little bit. How don't you
• 14:27
  Speaker 2: pick up the phone?
• 14:29
  Speaker 6: Hello?
• 14:29
  Speaker 4: You say Victoria in a really specific way when you
• 14:32
  Speaker 4: pick up the phone. I feel like I've said this
• 14:33
  Speaker 4: to you before.
• 14:34
  Speaker 5: Hello, it's Victoria speaking, Victoria, Like it's like that's my name.
• 14:40
  Speaker 4: I feel like you're saying it's Victoria. But you can
• 14:42
  Speaker 4: just drop in the tea and you go Victoria.
• 14:47
  Speaker 2: How do you enter the phone? Hello, don't you say
• 14:52
  Speaker 2: your name?
• 14:52
  Speaker 3: That.
• 14:53
  Speaker 2: I feel like it was drilled into me as a
• 14:55
  Speaker 2: child to answer the phone politely. Hello, this is Victoria speaking.
• 15:00
  Speaker 2: I help you, like my house was made of customer service,
• 15:03
  Speaker 2: but like people.
• 15:04
  Speaker 4: Are calling you so they know it's Victoria speaking. Let's
• 15:06
  Speaker 4: get back on track.
• 15:07
  Speaker 2: Yes, sorry, our producer is like you guys are off
• 15:11
  Speaker 2: the hook.
• 15:12
  Speaker 4: Like the phone when you lived at home, and.
• 15:14
  Speaker 2: It was like to get off the phone. I want
• 15:19
  Speaker 2: to go on MSN.
• 15:20
  Speaker 4: Took me a second, but I got there. Okay. Anyway,
• 15:21
  Speaker 4: to parrot what I have heard victorious a many times before,
• 15:24
  Speaker 4: I believe is that hector is the one debt that
• 15:26
  Speaker 4: dies with you, which is a little morbid, but if
• 15:28
  Speaker 4: you die, it disappears, doesn't get passed on to anybody. Actually,
• 15:32
  Speaker 4: you know what, now that the hex indexation is higher,
• 15:35
  Speaker 4: perhaps this is a smadge different, But typically we would
• 15:37
  Speaker 4: have or I would have thought, the answer was the
• 15:40
  Speaker 4: potential rate of return on an investment, generally speaking, may
• 15:44
  Speaker 4: or may not be higher than the debt that you
• 15:46
  Speaker 4: would be occurring on a hex debt, which then also
• 15:48
  Speaker 4: disappears when you die. So like most people wouldn't priorities
• 15:51
  Speaker 4: paying it off historically. I don't know where we sit
• 15:54
  Speaker 4: now that the hex is index, now that the hex
• 15:56
  Speaker 4: is indexation, now that you know.
• 15:58
  Speaker 2: That the hex has been index, yeah, I can see
• 16:01
  Speaker 2: why it was challenging.
• 16:02
  Speaker 4: My one brain cell? Is you jumping your all?
• 16:05
  Speaker 1: Right?
• 16:06
  Speaker 2: Can I please take the brain cell button and have
• 16:08
  Speaker 2: a turn?
• 16:08
  Speaker 4: I would love that you you have the brain cell now.
• 16:11
  Speaker 2: So it really depends obviously on your own financial goals.
• 16:16
  Speaker 2: It's not necessarily what is better, because we could do
• 16:19
  Speaker 2: a whole heap of mats that tells you that the
• 16:22
  Speaker 2: best asset class in Australia to invest in that has
• 16:25
  Speaker 2: the highest return is actually shares, But that doesn't mean
• 16:28
  Speaker 2: that's what you want to buy. Like, go over to
• 16:30
  Speaker 2: justice side of the table and I say put your
• 16:32
  Speaker 2: house deposit in shares. She's gonna say, absolutely not. That
• 16:35
  Speaker 2: is not in line with my values. So just because
• 16:38
  Speaker 2: something has the best return does not mean it is
• 16:40
  Speaker 2: the best for you personally. So I think starting there
• 16:44
  Speaker 2: is really important. Jess is correct. Hex is the one
• 16:47
  Speaker 2: thing that if you lose your income, you don't have
• 16:49
  Speaker 2: to pay if you die. It doesn't get past your
• 16:52
  Speaker 2: friends or your family or whoever you see your next
• 16:54
  Speaker 2: of kin. Whereas your mortgage will obviously with HEX indexation
• 16:58
  Speaker 2: at seven point one percent this year, people are looking
• 17:02
  Speaker 2: at it a little bit differently, but it's going to
• 17:04
  Speaker 2: be indexed every single year, and it has been indexed
• 17:07
  Speaker 2: for the past few years. It's just never been at
• 17:09
  Speaker 2: a point that has I guess catastrophically offended people enough
• 17:13
  Speaker 2: for them to make a change. I didn't make any
• 17:17
  Speaker 2: changes based on indexation on my HEX step because at
• 17:20
  Speaker 2: the moment, I just really don't want to have a mortgage,
• 17:22
  Speaker 2: so I'd prefer my money to go there. But if
• 17:25
  Speaker 2: you look at the interest rate on my mortgage, which
• 17:27
  Speaker 2: currently now is that a vomit worthy five point five
• 17:30
  Speaker 2: percent versus my indexation on my HEX which is at
• 17:35
  Speaker 2: seven point four one percent, what you need to remember
• 17:37
  Speaker 2: is that seven point one percent was once off and
• 17:41
  Speaker 2: next year it could be lower or it could be different.
• 17:44
  Speaker 2: Whereas my mortgage is going to continue to cost me
• 17:48
  Speaker 2: five point five percent each and every single month, which
• 17:50
  Speaker 2: is bile. So it really depends on how you want
• 17:54
  Speaker 2: to calculate it or work it out. But I'd sit
• 17:56
  Speaker 2: down and go, well, what are my financial goals like
• 17:58
  Speaker 2: is this fifty dollars going to get me closer to
• 18:01
  Speaker 2: the holiday that I want to go on. Is that
• 18:03
  Speaker 2: more important than getting rid of my hextet? And one
• 18:05
  Speaker 2: of the things about hextet is it's kind of one
• 18:08
  Speaker 2: of the only debts that doesn't stop you from borrowing
• 18:10
  Speaker 2: more money like you can and I'm not saying that
• 18:13
  Speaker 2: this is good, but you can get personal loans, you
• 18:14
  Speaker 2: can get mortgages, or while you have HEX, it just
• 18:17
  Speaker 2: changes your borrowing capacity. But you already have a mortgage
• 18:20
  Speaker 2: and you already have that investment property. So I'm assuming
• 18:24
  Speaker 2: that smashing down your HEX is not the biggest priority,
• 18:26
  Speaker 2: because what happens when it's gone, right, Like, are you
• 18:30
  Speaker 2: using that cash flow for another financial goal? If so,
• 18:33
  Speaker 2: whilen't We're working towards it now. Like there's just lots
• 18:36
  Speaker 2: of questions and there's no real perfect answer. It's just
• 18:38
  Speaker 2: more well, what is more of value to you personally?
• 18:42
  Speaker 2: And what does that look like? Because as I said,
• 18:44
  Speaker 2: I could show you on a piece of paper what
• 18:48
  Speaker 2: the quote best asset class return on average over the
• 18:51
  Speaker 2: last thirty years has been, it will come out as shares.
• 18:55
  Speaker 2: That doesn't mean that people want to do that, like
• 18:56
  Speaker 2: exclusively with their money, so it really yeah, it depends.
• 19:00
  Speaker 2: Sorry for that roundabout answer.
• 19:02
  Speaker 5: If you do want a more in depth answer, you
• 19:05
  Speaker 5: can absolutely listen to the episode that we did about
• 19:08
  Speaker 5: Hex and Indexation are back in May, very sexy. Check
• 19:12
  Speaker 5: it out if you want great.
• 19:13
  Speaker 2: Love, this great app let's rage on good stuff. Yeah
• 19:17
  Speaker 2: you ready, juicy? Are you ready? All right? So this
• 19:22
  Speaker 2: week's community dilemma, you've slid into our dms. We are
• 19:26
  Speaker 2: on a roll when it comes to housemate topics, so
• 19:30
  Speaker 2: we're not gonna stop. This week's message sounded a lot
• 19:33
  Speaker 2: like this, Ready, guys, ready, staying on trend with the
• 19:37
  Speaker 2: roommate dilemmas, laughing, crying emoji face. I live in a
• 19:40
  Speaker 2: house of four girls, and all of us have partners
• 19:43
  Speaker 2: apart from one. The one who doesn't has rallied us
• 19:47
  Speaker 2: all together and said she thinks we need to negotiate
• 19:49
  Speaker 2: our bills as our boyfriends come over and use water
• 19:52
  Speaker 2: and electricity, et cetera. But on the flip side, we're
• 19:55
  Speaker 2: all gone at our boyfriend's houses half the time as well,
• 19:58
  Speaker 2: and she's the only one during that period of time
• 20:02
  Speaker 2: thoughts on what we should do s O S sounds
• 20:05
  Speaker 2: like it's break even. I would say, I don't really
• 20:09
  Speaker 2: still agreed, is that the answer? All?
• 20:11
  Speaker 1: Right?
• 20:11
  Speaker 2: Well by.
• 20:14
  Speaker 4: That is nice. Yeah, it just sounds like like I
• 20:17
  Speaker 4: totally get it.
• 20:18
  Speaker 5: If if they were always at home the partners included,
• 20:21
  Speaker 5: then I would understand that a lot more.
• 20:24
  Speaker 4: But really it's probably negligible.
• 20:26
  Speaker 5: I would say, if they're kind of like half at
• 20:28
  Speaker 5: home half of the partner's house, it kind of all
• 20:30
  Speaker 5: evens out, all comes out in the world.
• 20:32
  Speaker 2: Like if you're having your partner stay over like three
• 20:35
  Speaker 2: nights a week and then you're staying at their house
• 20:38
  Speaker 2: four nights a week. Just for clarity, is yeah, they're
• 20:41
  Speaker 2: saving one shower per week.
• 20:43
  Speaker 5: It's yet not really probably not worth like the awkward
• 20:47
  Speaker 5: conversation potentially a fight for you know, if you really
• 20:51
  Speaker 5: break down the numbers, it's probably not that much.
• 20:54
  Speaker 4: I would argue, really, if the partners, their chances are
• 20:57
  Speaker 4: the housemate of the partner is also there, if you're
• 21:00
  Speaker 4: sitting in the bedroom, ei there's one person in there
• 21:02
  Speaker 4: or two, same amount of electricities being used, like Jeremy.
• 21:06
  Speaker 4: Like the one argument I suppose could be made for
• 21:08
  Speaker 4: shower save water shower with partner, Sure, but I don't
• 21:11
  Speaker 4: think that could lead to a longer shower. But you know,
• 21:16
  Speaker 4: I feel like it's not enough, that it's not as
• 21:19
  Speaker 4: if in my mind, that's detrimentally inflating the cost of bills.
• 21:22
  Speaker 4: And if it is, like if they're leaving lights on everywhere,
• 21:24
  Speaker 4: maybe there's a conversation to be sure around hey, can
• 21:26
  Speaker 4: we just be mindful that if we're jumping from one
• 21:28
  Speaker 4: room to another, we're switching the lights off. But if
• 21:30
  Speaker 4: the environment trial laugh, But I don't think it matters
• 21:33
  Speaker 4: that much.
• 21:34
  Speaker 2: Maybe the food, maybe the food situation or if the
• 21:36
  Speaker 2: food is there, I think that's a situation. But I
• 21:38
  Speaker 2: would also like to go back to how you negotiated
• 21:41
  Speaker 2: the rooms to begin with, like are you paying rent
• 21:45
  Speaker 2: based on the room that you hold or are you
• 21:47
  Speaker 2: paying rent based on how many heads are in the house?
• 21:51
  Speaker 2: Because I feel like this goes two roots, and every
• 21:53
  Speaker 2: house I've ever lived in has always been you pay
• 21:56
  Speaker 2: rent based on the room that you're in, and so
• 21:59
  Speaker 2: like this room might be where three hundred and fifty
• 22:01
  Speaker 2: dollars a week, and if my partner stays over, well
• 22:04
  Speaker 2: that's part and pussle. I've now decided to share my space. However,
• 22:08
  Speaker 2: I do see the bill thing as being an issue.
• 22:12
  Speaker 2: I know that this could be fickle, but like from
• 22:15
  Speaker 2: this circumstance, I look at it and go, you know what,
• 22:18
  Speaker 2: it's easy, come, easygo, it's pretty even. But what if
• 22:22
  Speaker 2: your boyfriend doesn't have a job and all of your
• 22:25
  Speaker 2: housemates go to work and you go to work, and
• 22:26
  Speaker 2: then your boyfriend's just hanging out in your house with
• 22:28
  Speaker 2: a heater on full blast.
• 22:30
  Speaker 5: True, like that could be an issue. That's true, that's true,
• 22:34
  Speaker 5: we can talk about that.
• 22:35
  Speaker 2: But that doesn't seem to be what's going on here.
• 22:37
  Speaker 4: No, No, that would be a separate issue. I would
• 22:39
  Speaker 4: imagine altogether.
• 22:40
  Speaker 2: Really, why I are in my house without me?
• 22:41
  Speaker 5: Weird change, yes, but I think, yeah, at the end
• 22:46
  Speaker 5: of the day, if it is true, they all are
• 22:47
  Speaker 5: kind of like sharing each other's like they're going back
• 22:50
  Speaker 5: and forth between the partner's house and their house, and
• 22:52
  Speaker 5: they're I don't know, not really there all the time.
• 22:56
  Speaker 5: It kind of does even itself out, and it's not
• 22:59
  Speaker 5: worth having the commason. However, if everyone is always at
• 23:03
  Speaker 5: home and it's maybe like once a week one of
• 23:05
  Speaker 5: the people go to the partner's house or you know whatever,
• 23:08
  Speaker 5: then maybe it's worth having a look.
• 23:11
  Speaker 4: It sounds like the third housemate, the single housemate, is
• 23:13
  Speaker 4: feeling a bit put out. Sure, so it might even
• 23:16
  Speaker 4: just be a symptom of a deep issue, Like she's like,
• 23:18
  Speaker 4: there's all these people in my space, I'm the only
• 23:20
  Speaker 4: single person. I don't know how they feel about that
• 23:22
  Speaker 4: either way. That maybe they're just like, oh, like I
• 23:24
  Speaker 4: signed up to have three housemates and now I have five,
• 23:26
  Speaker 4: you know, so I feel that in my boat it
• 23:29
  Speaker 4: could be like a bigger conversation to be hard. But
• 23:31
  Speaker 4: I don't necessarily think that that means that the outcome
• 23:34
  Speaker 4: should be everyone needs to contribute financially. Depending on the.
• 23:37
  Speaker 2: Dynamics could be very different, right, Like, again, I've used
• 23:41
  Speaker 2: these examples in the past. If you and I just
• 23:44
  Speaker 2: lived together with beck and it was just the girls
• 23:46
  Speaker 2: and we're all singled, that dynamic is very different to
• 23:50
  Speaker 2: if three of us all have partners and our partners
• 23:53
  Speaker 2: come over. Because I feel like there's such a different
• 23:55
  Speaker 2: dynamic in a house because I've been through it where
• 23:58
  Speaker 2: I get a partner and then my partner now husband
• 24:00
  Speaker 2: comes over and we're cooking dinner together. It does feel
• 24:04
  Speaker 2: a lot more like you're living separate lives. In the
• 24:07
  Speaker 2: same space as opposed to historically because I lived with
• 24:11
  Speaker 2: my best friend for a long time and we are
• 24:12
  Speaker 2: still best friends, so it all worked out really well.
• 24:15
  Speaker 2: I just remember when her partner would come over, because
• 24:17
  Speaker 2: I was single at that point, I always felt like
• 24:19
  Speaker 2: I was in their way, like I would, you know,
• 24:21
  Speaker 2: maybe not come out of my room as often because
• 24:23
  Speaker 2: they'd be in the kitchen cooking, and I didn't want
• 24:25
  Speaker 2: to impose on their relationship or what they were doing
• 24:27
  Speaker 2: or what they were cooking. And I know that that
• 24:29
  Speaker 2: wasn't the case, because like I love both of them
• 24:31
  Speaker 2: and vice versa. But I can see how maybe she's
• 24:34
  Speaker 2: not feeling as comfortable in her space and maybe this
• 24:37
  Speaker 2: is a deeper way of her saying, hey, you're spending
• 24:40
  Speaker 2: lots of time in my space. I want some type
• 24:41
  Speaker 2: of remuneration for this, and maybe that's where that's going.
• 24:44
  Speaker 4: Yeah, yeah, whatever and else kind of think though.
• 24:47
  Speaker 2: So we asked a few questions. So first things first,
• 24:49
  Speaker 2: we said, do you live in a sharehouse where partners
• 24:51
  Speaker 2: stay regularly? Thirteen percent said yes, all of us have partners.
• 24:55
  Speaker 2: Seventy one percent of you said yes, some of us
• 24:59
  Speaker 2: have partners, and sixteen percent of you said we are
• 25:02
  Speaker 2: single ladies, and then we said if yes, have they
• 25:06
  Speaker 2: ever contributed to bills? So like, have the partners contributed
• 25:09
  Speaker 2: to bills? Eighty three percent said nah, not at all,
• 25:12
  Speaker 2: twelve percent said they have once before or rarely, and
• 25:15
  Speaker 2: six percent said they regularly contribute. Interesting, I want to
• 25:19
  Speaker 2: know that. Then we asked the question how many visits
• 25:23
  Speaker 2: per week warrants some cash to be coughed up. Forty
• 25:26
  Speaker 2: seven percent of you said between five and seven visits
• 25:29
  Speaker 2: a week. Yeah, twenty eight percent said three to four visits,
• 25:33
  Speaker 2: two percent said one to two visits. Sir, and your
• 25:38
  Speaker 2: boyven staying over one night a week actually missed.
• 25:41
  Speaker 4: I would be missed.
• 25:43
  Speaker 2: That's a good word. But twenty three percent of you
• 25:46
  Speaker 2: said I don't think they should contribute at all. Then
• 25:51
  Speaker 2: there was lots of responses. I feel like they've been
• 25:53
  Speaker 2: quite similar to ours. Someone said that poor girl having
• 25:56
  Speaker 2: to live with up to three extra people in the house.
• 25:58
  Speaker 4: Yeah, I love it.
• 26:00
  Speaker 2: This is where we're different. I'd be like, get out
• 26:02
  Speaker 2: of my house, how are you? I did not consent
• 26:04
  Speaker 2: to this cozy.
• 26:05
  Speaker 4: I think it depends on where that person is sitting,
• 26:07
  Speaker 4: because I've been in a house situation. There was three
• 26:09
  Speaker 4: of us, two of us have partners, one of us
• 26:11
  Speaker 4: did not, and the person who did not have a partner,
• 26:13
  Speaker 4: I think was in the place where she wanted a partner,
• 26:17
  Speaker 4: and so I feel like that compounded the thing she
• 26:21
  Speaker 4: was feeling a little bit. So I think she like
• 26:24
  Speaker 4: she never said anything about it, but.
• 26:26
  Speaker 2: One today partner wanted your partner. They could be very
• 26:28
  Speaker 2: different dynamics. Well that's it. You just you don't know.
• 26:32
  Speaker 4: You don't know what they're feeling, you don't know what
• 26:33
  Speaker 4: they're thinking.
• 26:35
  Speaker 2: Ron, you should move out on your own. Someone else said,
• 26:38
  Speaker 2: if the other housemates are gone half the time, it
• 26:41
  Speaker 2: kind of evens out. Nothing should be paid. Agreed. Someone said,
• 26:44
  Speaker 2: it looks like that housemate just needs to be shown
• 26:46
  Speaker 2: some more love.
• 26:47
  Speaker 4: Yeah, maybe they're feeling left out. Maybe, But also again,
• 26:52
  Speaker 4: like it's it comes back to it's not other people's responsibility.
• 26:55
  Speaker 2: Someone said, one hundred percent, they should contribute if they're
• 26:58
  Speaker 2: they're for a majority of the time. I have a
• 27:01
  Speaker 2: similar story. I'm going to message it to you can't wait.
• 27:04
  Speaker 2: Someone said, if they're staying over, then I'd say they're
• 27:08
  Speaker 2: just as good as living there too. I don't know.
• 27:10
  Speaker 2: I just feel like it's all about timing. Like I
• 27:14
  Speaker 2: started having a conversation with my now husband about whether
• 27:17
  Speaker 2: he should be contributing at my sharehouse when I lived
• 27:20
  Speaker 2: in a sharehouse and we just met because we started
• 27:23
  Speaker 2: staying over a lot of nights per week, and ultimately
• 27:27
  Speaker 2: we were like, actually, let's just move in with each other.
• 27:30
  Speaker 2: So that is good. I mean, so far, so good.
• 27:32
  Speaker 2: We've been together four years, we're married, but like, I
• 27:35
  Speaker 2: probably wouldn't recommend moving in with your partner if you've
• 27:38
  Speaker 2: been dating for less than a year. I'm kind of
• 27:40
  Speaker 2: a Gohard go home girl, you know. I love that.
• 27:43
  Speaker 2: Love it love that someone else said if they're having
• 27:45
  Speaker 2: meals a slash using food, they should definitely contribute there
• 27:49
  Speaker 2: as I'm assuming it is shared. I think condiments are
• 27:53
  Speaker 2: a big source of contention.
• 27:54
  Speaker 4: True.
• 27:55
  Speaker 2: In a home we spoke about the olive oil toilet
• 27:57
  Speaker 2: papers that yes, toilet paper everywhere. Housemates used to dodge
• 28:03
  Speaker 2: it or like get really annoyed. Miffed is the word
• 28:06
  Speaker 2: of the day. If you had not bought the right
• 28:10
  Speaker 2: toilet paper even though well broke you unie students and okay,
• 28:15
  Speaker 2: now now that you have this solid income, Jessica, you've
• 28:18
  Speaker 2: been to my house. You know I buy quilt. We're
• 28:20
  Speaker 2: not going to have this conversation. But as a poor
• 28:23
  Speaker 2: UNI student, I'm sorry. I'm not going to be spending that.
• 28:26
  Speaker 4: Can't buy Who gives a crap?
• 28:28
  Speaker 2: Absolutely not.
• 28:29
  Speaker 4: Yeah.
• 28:29
  Speaker 2: Also, that's not that soft.
• 28:31
  Speaker 4: Who gives a crap?
• 28:32
  Speaker 6: Yeah?
• 28:32
  Speaker 4: Not, that's it's not meant to be. Oh, it's recycled.
• 28:35
  Speaker 2: Someone else said, look, it's a fair request. If usage
• 28:38
  Speaker 2: has increased, your power bills together and look at your
• 28:41
  Speaker 2: spend over the last three months and see if it's increased.
• 28:44
  Speaker 2: That's fair.
• 28:45
  Speaker 4: That is a very good idea. That's a very good
• 28:48
  Speaker 4: idea to finance.
• 28:50
  Speaker 2: Yeah. I feel like I've done this a few times,
• 28:52
  Speaker 2: like with different team members who have had housemates situations.
• 28:55
  Speaker 2: I'm like, okay, well I'll sit down and I'll calculate
• 28:57
  Speaker 2: it for you. No worries. We don't let you know
• 28:59
  Speaker 2: exactly what is atually fair and equitable, and you can
• 29:01
  Speaker 2: take that back to the team and let them know
• 29:03
  Speaker 2: that I'm in on this too. Now it goes very well.
• 29:07
  Speaker 2: Someone else said, to cover any discrepancies in bills as
• 29:10
  Speaker 2: they are paid, set an amount that you put into
• 29:12
  Speaker 2: a shared Kitty, this was really important for me to
• 29:15
  Speaker 2: also have it in writing. I feel like that was
• 29:18
  Speaker 2: from experience. Maybe we've been there before.
• 29:21
  Speaker 4: Baby.
• 29:22
  Speaker 2: Someone else said, can you please add I'm just here
• 29:26
  Speaker 2: to read the results because I'm nosy and I don't
• 29:29
  Speaker 2: want to contribute.
• 29:30
  Speaker 4: I do the same thing I do apology.
• 29:31
  Speaker 2: Can you just to answer our questions?
• 29:33
  Speaker 4: Say you know the results, answer the.
• 29:34
  Speaker 2: Poll, answer the poll, don't skew our data. Contribute and
• 29:38
  Speaker 2: I mean we always have no answer. Just contribute because
• 29:42
  Speaker 2: our content is free. Free take our data collection as payment,
• 29:48
  Speaker 2: not adding it. You know what we've done for.
• 29:51
  Speaker 5: Luid just angry.
• 29:55
  Speaker 2: I'm not angry. I just think if you're the housemate
• 29:59
  Speaker 2: in the house that and bought olive oil recently, it's
• 30:01
  Speaker 2: time to pick some up.
• 30:03
  Speaker 4: Essentially love Public serfs announcement for She's on Money, Have.
• 30:06
  Speaker 2: The best weekend, guys. We will see you for a
• 30:08
  Speaker 2: money diary on Monday. Bye, guys, Why guys?
• 30:11
  Speaker 4: Bye.
• 30:18
  Speaker 2: The advice shared on She's on the Money is general
• 30:20
  Speaker 2: in nature and does not consider your individual circumstances. She's
• 30:24
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• 30:28
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• 30:31
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