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Scamming the Scammer! · 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 Kerney 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
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
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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. She's on the Money, She's on
0:37
Speaker 2: the Money. Hello, and welcome to She's on the Money
1:00
Speaker 2: the podcast are millennials who want financial freedom. Today, my friends,
1:05
Speaker 2: it is Friday, which means it is time to bring
1:07
Speaker 2: my little team back together to celebrate you ow incredible.
1:11
Speaker 2: She's on the Money community today is Jess Greed. She
1:14
Speaker 2: is going to be sharing our favorite money wins. We're
1:17
Speaker 2: gonna get some very broke tips from the now back
1:20
Speaker 2: and back in the game, Miss bechsa Ed, and we're
1:24
Speaker 2: gonna be helping to answer a juicy money dilemma, which
1:27
Speaker 2: this week is all about what to do with your
1:28
Speaker 2: tax return, and we're going to be unpacking something that
1:31
Speaker 2: you slid into our DMS about which this week we're
1:33
Speaker 2: chatting about having a family and then moving in with
1:36
Speaker 2: your parents to save. How have your weeks been, my love?
1:40
Speaker 2: Let's start with you, Beck, because okay, you skipped last
1:43
Speaker 2: week's Friday drink.
1:44
Speaker 1: I know.
1:44
Speaker 3: I miss you.
1:45
Speaker 4: Guys, we miss you too, sock. I was admittedly not
1:49
Speaker 4: sick or anything. I was just on annual leave.
1:51
Speaker 2: So I mean, you have every right to do. But
1:54
Speaker 2: aren't we cool enough to hang out with twenty four
1:56
Speaker 2: to seven?
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Speaker 4: I think it's glaringly obvious to who the coolest one
2:01
Speaker 4: in this group is.
2:06
Speaker 3: So but no, it was really good. I moved house.
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Speaker 2: Oh my gosh, did you I did I know that
2:11
Speaker 2: was happening. I don't think so.
2:12
Speaker 4: I don't think I mentioned it, and I'm sorry about that.
2:14
Speaker 4: I moved from Brunswick to Colton, North.
2:16
Speaker 2: Oh that's bougie, which.
2:18
Speaker 4: I know is like Brunswick is my hometown. RUNS want
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Speaker 4: to be there.
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Speaker 2: You're why did you move just purely for lower rent?
2:28
Speaker 2: Also one of my Oh yeah that's right, because your
2:30
Speaker 2: landlord increased the land. Yeah, okay, makes up doing that,
2:33
Speaker 2: but it's still quite pricey for what it is. But anyway,
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Speaker 2: my dear friend and I've always wanted to live together,
2:38
Speaker 2: so we just.
2:39
Speaker 3: Decided to.
2:41
Speaker 4: No meanly, we've lived together for years before was cold up.
2:45
Speaker 4: We've been there, done that. We live very well together.
2:47
Speaker 4: But anyway, that's another story.
2:49
Speaker 1: No.
2:49
Speaker 4: My friend Allison, who might listen to this one day hopefully,
2:52
Speaker 4: Hi Alison.
2:53
Speaker 3: It's been a hectic week, but I'm glad.
2:56
Speaker 2: Moving sucks. It's not one good thing about moving really sucks.
3:01
Speaker 2: Not one except for the part where you've probably got
3:03
Speaker 2: a nicer house, fresh new house fresh.
3:05
Speaker 3: That's pretty good for.
3:06
Speaker 4: The first night when you watch TV and order a pizza. Yeah, yeah,
3:09
Speaker 4: that's nothing set up yet.
3:11
Speaker 2: That's a ride of passage. It's really cozy, Miss Jess Goottaucci.
3:15
Speaker 2: How's your week being. It's been good.
3:17
Speaker 3: I have been getting ready for Halloween two months earlier.
3:21
Speaker 3: I know one of my I love TK Max. I
3:24
Speaker 3: don't know if they're everywhere, but they're like, we're American. Yeah,
3:28
Speaker 3: it's an American company, I'm pretty sure. And they have
3:29
Speaker 3: been putting their Halloween stuff out for last weeks. So
3:31
Speaker 3: I've been having a lot of fun treasure hunting because
3:33
Speaker 3: it's one of those stores they just get like a
3:35
Speaker 3: few of each thing gets different things. Yeah, so it's
3:40
Speaker 3: like a big treasure hunt. I joined Facebook group. Is
3:42
Speaker 3: a whole thing you did. You're allowed, I think so,
3:46
Speaker 3: and you're not. Weare.
3:47
Speaker 2: You're going to come into the studio and it's going
3:48
Speaker 2: to be Halloween themes. I'm going to be very excited.
3:50
Speaker 3: Could I do the best studio?
3:52
Speaker 2: You can decorate the studio just as long as I
3:54
Speaker 2: don't have to do it. We have to do literally nothing.
3:59
Speaker 2: Do we get hold on? Do we get the treats?
4:02
Speaker 3: Do we get treats? I feel like I could organize
4:04
Speaker 3: some treats.
4:04
Speaker 2: We want the treats, we want the decorations. We want
4:06
Speaker 2: none of the work, and we'll take all the responsibility.
4:10
Speaker 3: Should we be doing themed podcasts? No themed podcast So
4:15
Speaker 3: for the people at home, I tried to convince the
4:17
Speaker 3: girls last year to do a Bama Rush at not
4:20
Speaker 3: like come into work dressed up as a Bama Rush girl.
4:22
Speaker 2: We're smarter than that.
4:24
Speaker 3: Got on board with me.
4:26
Speaker 2: For the patriarchy to thrive, we do not is no,
4:29
Speaker 2: absolutely not.
4:30
Speaker 3: I'll explain to you after it's I don't know.
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Speaker 4: If I were here last year, I would have gotten
4:35
Speaker 4: on board with you.
4:36
Speaker 3: You wouldn't have hearing it here first, Beck and I
4:39
Speaker 3: are dressing up for the Halloween episode.
4:40
Speaker 4: Unless unless what Victoria is saying is true and this
4:43
Speaker 4: is a little bit problematic, in which case I am
4:45
Speaker 4: so against it.
4:48
Speaker 2: You're like, I reserved the right to make a decision later.
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Speaker 4: Exactly exactly, whatever outcome is best, that's the one I'm
4:56
Speaker 4: going to go for.
4:56
Speaker 2: But we actually have a very we've been hoarding. In fact,
5:00
Speaker 2: do you know what one of the worst things I'm
5:02
Speaker 2: awful at is if I have something exciting that's happened,
5:06
Speaker 2: I will bust into the studio and tell Ane Lisa,
5:09
Speaker 2: our producer, and you Beck immediately when it happens, and
5:12
Speaker 2: then you have to re listen to it when we
5:14
Speaker 2: record the podcast and pretend you've never heard of that
5:17
Speaker 2: story before. Right, That's not like that. This week, I'm
5:20
Speaker 2: leaving it for Jess to tell everyone, have.
5:22
Speaker 3: An exciting update.
5:23
Speaker 2: Oh oh my god, what is it?
5:27
Speaker 3: So last week?
5:28
Speaker 2: Go back? Because Beck wasn't here, correct, and its chance
5:31
Speaker 2: she listened to that podcast.
5:33
Speaker 3: I'm sure she did, but I.
5:38
Speaker 2: Was there. I do it.
5:40
Speaker 3: You do know because we've spoken about it. Someone on
5:42
Speaker 3: the internet was impersonating me. Yes, everyone knows about it.
5:47
Speaker 3: It's been a very very stressful thing for me because
5:49
Speaker 3: they're trying to get people to buy bitcoin, and I'm
5:51
Speaker 3: so upset and scared of the thought of someone doing
5:54
Speaker 3: something because they thought they were it was me and
5:55
Speaker 3: they trust me and they like me, and then psych
5:57
Speaker 3: it's some random person on the other side of the
5:59
Speaker 3: world taking you for all your money. Hate hate hate
6:02
Speaker 3: hate hate. So I was talking to Victory, I'm like,
6:05
Speaker 3: I doned to report it.
6:06
Speaker 2: Instagram didn't take it down. So like every man and
6:09
Speaker 2: his dog that we know, we have asked to report
6:12
Speaker 2: this account, and every man and his dog that we
6:15
Speaker 2: know has gotten back to us and said, hey, like
6:16
Speaker 2: we got that notification to say that our report was
6:19
Speaker 2: seen to and like the account's staying up like they
6:22
Speaker 2: don't see any issue with it, And both just and
6:24
Speaker 2: I were like, what the hell, this is actually really
6:28
Speaker 2: really unsafe. Yeah, so we weren't impressed.
6:32
Speaker 3: Yeah you told me.
6:33
Speaker 2: Oh I messaged the scammer. Oh you did too, Did
6:35
Speaker 2: you get any reply? I didn't. I tried.
6:38
Speaker 4: I was like, hey, babe, I still ear you for dinner,
6:40
Speaker 4: hit me with your deeds, and then.
6:43
Speaker 3: I appreciate the affair. You know who else decided to
6:47
Speaker 3: try and message the scamer and see what they could do.
6:49
Speaker 2: Miss Victoria, Okay, let me know what you did. I'm
7:01
Speaker 2: just so satisfying. Would you like some of your own medicine, sir?
7:07
Speaker 3: Oh my god.
7:08
Speaker 2: So I first tagged him in an Instagram post, calling
7:11
Speaker 2: them out as a scammer, like I put it on
7:13
Speaker 2: my stories, which We've been doing a lot recently because
7:15
Speaker 2: I've been like, please don't believe this account. It's not Jess. Anyway,
7:20
Speaker 2: I tagged them and I thought, you know what, I'm
7:23
Speaker 2: just going to tag them so people like you bet
7:25
Speaker 2: could click into the profile to report it. I thought
7:28
Speaker 2: he would block me. He did not, he replied, being like,
7:32
Speaker 2: get a life, bug off, like a lot of profanities, stay.
7:36
Speaker 3: Out of this.
7:40
Speaker 2: Stay out of this. Absolutely not. I've got all these
7:42
Speaker 2: screenshots though, I will show you later. But basically he
7:45
Speaker 2: was like, get out of this, like this isn't any
7:47
Speaker 2: of your business, and I was like, I'm making it
7:50
Speaker 2: my business. So yeah, one thing led to another. I
7:53
Speaker 2: basically said, look, I know some people that that are
8:01
Speaker 2: private investigator. I don't know one private investigator.
8:07
Speaker 3: But I've got my private investigator and he's hunting you down.
8:11
Speaker 2: But what happened was I realized that if you go
8:16
Speaker 2: to someone's Instagram account, you can look at their profile insights, right,
8:19
Speaker 2: and we'll tell you when they signed up, what location
8:22
Speaker 2: they signed up from, and how many times they've changed
8:24
Speaker 2: their profile name. And so I was like, oh, this
8:27
Speaker 2: is interesting, and I, you know, a week or so ago,
8:29
Speaker 2: I said to Jess, hey, did you know that the
8:32
Speaker 2: account is actually based in Nigeria? And also it was
8:35
Speaker 2: established in twenty eighteen, and also they've changed their name
8:38
Speaker 2: like eight times, so I'm assuming they use this account
8:41
Speaker 2: to like replicate you, then they delete everything, change the
8:44
Speaker 2: account and then replicate their can whatever. And she was like, wow,
8:47
Speaker 2: I didn't even know you could do that. So we
8:48
Speaker 2: started stalking other people and like just having a bit
8:50
Speaker 2: of fun with that, and I was like, wow, I
8:52
Speaker 2: didn't realize I joined Instagram in twenty eleven. I am
8:55
Speaker 2: really old anyway, So I had that information, sure, I
8:59
Speaker 2: assume because Jess, who usually knows absolutely everything, didn't know that.
9:03
Speaker 2: Not everybody knew that. So used it to my advantage.
9:06
Speaker 2: And I said, I'm a private investigator. I found him
9:09
Speaker 2: on TikTok. I told the guy and I said that
9:10
Speaker 2: we would create amazing content. And I was like, I mean,
9:14
Speaker 2: you can keep scamming people. But my TikTok investigator guy
9:18
Speaker 2: and I have a meeting later this afternoon, and he's
9:22
Speaker 2: already told me heaps of stuff about you. And they
9:24
Speaker 2: were like, absolutely, that's not true. You're a China scam me.
9:27
Speaker 2: And I was like, I would never scam a scammer. I,
9:29
Speaker 2: you know, used to be a financial advisor. I'm a
9:31
Speaker 2: legitimate human being. And he was like, you don't know
9:34
Speaker 2: anything about me, and I was like, well, I already
9:36
Speaker 2: know that you're based in Nigeria and you created this
9:38
Speaker 2: account in twenty eighteen, and you've already scammed seven other
9:40
Speaker 2: people in Jessica's the eighth and then they said, give
9:44
Speaker 2: me two hundred dollars and I'll delete the account. I said,
9:48
Speaker 2: that's fine, of course I would give you two hundred dollars,
9:50
Speaker 2: but you're a scammer, so I'm not giving you any
9:52
Speaker 2: money until you delete every single post change you or
9:56
Speaker 2: use the name unfollow everybody from Jessica's page that you followed,
10:00
Speaker 2: then we can talk about it, yes, And so he
10:03
Speaker 2: did all that and then I said, oh, sorry, I
10:05
Speaker 2: don't have two.
10:09
Speaker 3: So the account we think as of today that we're recording,
10:12
Speaker 3: it's not it's still.
10:14
Speaker 2: It's not active. It's been the name has been changed,
10:16
Speaker 2: it still exists. So we will continue to report it
10:19
Speaker 2: so that other people don't end up in the same
10:21
Speaker 2: trap that Jess ended up in. And obviously we've taken
10:24
Speaker 2: it further to Instagram.
10:25
Speaker 3: But oh the sorry, don't mess with Victoria Fine.
10:31
Speaker 2: Family.
10:31
Speaker 3: WHOA, that is so cool.
10:35
Speaker 2: I think my favorite part about scamming the scammer is
10:38
Speaker 2: how salty the scammer got when he realized he was
10:41
Speaker 2: being scammed. He called me fat, He called me every
10:44
Speaker 2: name under the sun. He called me ugly. He said
10:47
Speaker 2: that I have no life and my friends and family
10:49
Speaker 2: don't love me. And I was like, who.
10:52
Speaker 3: That's a lot coming from me, my dude.
10:54
Speaker 2: Rich sugar. That is hectic.
10:58
Speaker 4: But you know, I find it so funny when people
11:00
Speaker 4: out themselves as someone who is really clinging to low
11:04
Speaker 4: hanging fruit, When they call someone ugly and fat and
11:06
Speaker 4: all this stuff, I'm like, oh, you to worry about
11:09
Speaker 4: someone like you?
11:10
Speaker 2: I was like this second that started coming out. I
11:12
Speaker 2: said to Jess, scame on, like, this guy is an
11:15
Speaker 2: actual idiot, Like you might have been smart to create
11:18
Speaker 2: this Instagram account because replicating a whole Instagram account and
11:22
Speaker 2: having thirteen thousand fake followers, I was like, that's.
11:25
Speaker 3: Had more followers than me.
11:26
Speaker 2: I was like, that's trude. So everyone thought that it
11:31
Speaker 2: was like the real one was the jests with more followers,
11:34
Speaker 2: and it wasn't the case. I did. I was very convincing.
11:38
Speaker 3: It was very funny.
11:40
Speaker 2: So were these extra people.
11:41
Speaker 3: And please come over to Jessica ches Jess Kiki, thank
11:43
Speaker 3: you so much, but I'm so happy. What a great
11:46
Speaker 3: outcome VD is. We had the best horning highlight of
11:50
Speaker 3: my week.
11:51
Speaker 2: Honestly, we had the best morning scamming a scammer. Obviously.
11:54
Speaker 2: I was sending every single screenshot to Jess to be
11:56
Speaker 2: like what do I say next, and she's like, I
11:58
Speaker 2: don't know. I am just cackling, like this is amazing.
12:01
Speaker 2: But yeah, he did all of that and then didn't
12:04
Speaker 2: get his two hundred dollars from me that he obviously
12:06
Speaker 2: needed me to transfer in bitcoin. Of course, of course,
12:10
Speaker 2: of course, I was like, I'm so sorry. Don't have bitcoin.
12:13
Speaker 2: He's like, you can sign up for an account, and I'm like.
12:14
Speaker 3: Oh, I just checked.
12:15
Speaker 2: You need identification to sign up for bitcoin, and he
12:18
Speaker 2: was like, yeah, you can do that. And I was like,
12:20
Speaker 2: I don't actually have any identification or got stolen by
12:26
Speaker 2: some random and they're now pretending to be me on
12:28
Speaker 2: the internet. Oh my gosh. Anyway, there's a lot of fun.
12:32
Speaker 2: I mean, probably don't do us. I do, probably go
12:34
Speaker 2: the usual routs, but I mean a lot of people
12:36
Speaker 2: also messaged us and said, hey, this stuff happens all
12:39
Speaker 2: the time. It's really hard to get rid of these
12:41
Speaker 2: accounts because of the longevity of them. So because it
12:44
Speaker 2: had existed since twenty eighteen and they'd obviously gone through
12:48
Speaker 2: lots of profile changes since then, Instagram's algorithm just identifies
12:53
Speaker 2: it as being legitimate because they're like, well, why they're
12:56
Speaker 2: reporting it now, it's been around since twenty eighteen. Well
13:00
Speaker 2: you just take the law into your own hands.
13:03
Speaker 3: Why not stand shit?
13:05
Speaker 2: All right? You know what's better than scamming a scammer?
13:07
Speaker 2: It is our community money wins, and just we need
13:09
Speaker 2: to stop talking about scammers unless there are some money
13:12
Speaker 2: losses about scammers, in which case we want to hear
13:14
Speaker 2: about those, but I don't think there are, because I
13:16
Speaker 2: think it's just you being scammed.
13:17
Speaker 3: Babe, No, just me, just now you got this week? Okay.
13:21
Speaker 3: My first money win this week comes from Rachel, who
13:23
Speaker 3: said money win. I just harvested my first bock choy
13:26
Speaker 3: heads from my first veggie garden. A bundle awsome right,
13:30
Speaker 3: A bundle of three heads and calls is two dollars fifty,
13:32
Speaker 3: but my six pack of seedlings was only four dollars
13:35
Speaker 3: and each seedling has produced three to four heads. I'm
13:37
Speaker 3: harvesting at the base instead of pulling them out, so
13:40
Speaker 3: hopefully they'll produce new stamps and I'll get even more
13:43
Speaker 3: of them. And I just love the idea of growing
13:45
Speaker 3: your own veg because vege is expensive.
13:47
Speaker 2: Now unlimited bock choy hack, I love that.
13:49
Speaker 3: Get on that. Next, I have a money win from
13:51
Speaker 3: it Tanya, who said I found dog food on clearance
13:54
Speaker 3: for one dollar a can and bought two hundred and
13:55
Speaker 3: forty cans.
13:57
Speaker 2: A photo of.
14:01
Speaker 3: A big car it's hard to see on my crusphone. Wow,
14:05
Speaker 3: I love that. Like that is just such a good win. Next,
14:08
Speaker 3: I've got a win from Many who said money win.
14:10
Speaker 3: My friend gave me a book that I was considering buying,
14:13
Speaker 3: and I got a free coffee today two days before payday.
14:16
Speaker 3: Much needed great money win.
14:18
Speaker 2: Yeah money Oh my god, stuff was so funny.
14:23
Speaker 3: Wish We were responding as very much. If you're looking
14:25
Speaker 3: for another book, money win. Victoria's upcoming book, book number three.
14:30
Speaker 2: Do you know I finished recording that last week? So
14:32
Speaker 2: like the audio book version.
14:33
Speaker 3: Oh my gosh, wait, I know right, I'm so impressed
14:36
Speaker 3: for you.
14:37
Speaker 2: Worst worst process in the entire world, it would be yes.
14:40
Speaker 2: Have you ever tried to read, like literally word for
14:43
Speaker 2: word of script in a podcast. Imagine that that every
14:45
Speaker 2: time you say something wrong, they make you go back
14:47
Speaker 2: to the entire start.
14:48
Speaker 3: Oh well, you can pre order the paperback or the
14:53
Speaker 3: audiobook version on Amazon. There forty two percent off right now.
14:56
Speaker 3: So if someone is looking for a book, money win.
14:58
Speaker 2: Percent off, that is a good money win. Good dem
15:00
Speaker 2: I'm biased, but that's a really good book.
15:02
Speaker 3: It is a good book. We have read it and
15:04
Speaker 3: can confirm she stood it. I even wrote it. My
15:08
Speaker 3: next money wind comes from Eliza, who said money win.
15:11
Speaker 3: My local Viny's had a dish shopping night and I
15:13
Speaker 3: got two dresses and a vest for one hundred and
15:15
Speaker 3: forty five dollars. They had an age one last month,
15:18
Speaker 3: which was also a funny wind. But I've got to
15:20
Speaker 3: post about it. How good is that?
15:22
Speaker 2: That's actually genius? Please not gate keep location time. I'm
15:26
Speaker 2: realizing how to get updates, Like, really.
15:28
Speaker 3: Sad it's she said it was in lawn sestin Tasmania.
15:31
Speaker 3: So there you go next time you're down there, genius.
15:35
Speaker 3: Genius Dish is one of my favorite brands, and so
15:37
Speaker 3: I'm really mad that that's not Yep, that's okay. Next,
15:40
Speaker 3: I've got a money win from Addie who said small
15:42
Speaker 3: money win another coffee one. I got a free Matilda
15:45
Speaker 3: themed donut with my coffee for wearing my jersey. I
15:49
Speaker 3: love that supporting the girls ended up supporting my sweet
15:52
Speaker 3: Treat Addiction and the Tillies.
15:55
Speaker 2: I wore my Tillier scarf the other day when we're
15:57
Speaker 2: on the way to the pub to watch them play,
16:00
Speaker 2: and I really liked the attention I got from that,
16:02
Speaker 2: the amount of people screaming out their car being like,
16:04
Speaker 2: go the Tillies. I was like, is this what it
16:06
Speaker 2: feels like to be a footy guy?
16:09
Speaker 3: So proud of the goal, I could cry about this
16:11
Speaker 3: whole I love it, but it makes me so happy,
16:13
Speaker 3: but we continue. Yeah, I will cry.
16:15
Speaker 2: I'll so lend you my scarf.
16:18
Speaker 3: Next, I've got my namen from Tanya who said, found
16:20
Speaker 3: these in the frozen section, no more ava wasted. Did
16:23
Speaker 3: you know you can buy frozen avocado? Because I didn't here.
16:25
Speaker 2: I am thinking that my frozen mashed potato was revolution
16:28
Speaker 2: here and.
16:29
Speaker 3: We had that broke tip from back last two weeks
16:31
Speaker 3: ago where you said use your frozen veggies. You can
16:34
Speaker 3: make avocado a part of that.
16:35
Speaker 2: Now, Oh, I am real the brand so confused.
16:38
Speaker 3: The photo that she shared is Cole's brand. So I'm
16:42
Speaker 3: going to.
16:42
Speaker 2: Take one for the team. I'm going to purchase that.
16:46
Speaker 2: Very low expectations of how that's going to perform once thowed,
16:51
Speaker 2: because I don't know. Maybe it's good for like smoothies
16:54
Speaker 2: like blend her up. Oh god, I feel like anything
16:57
Speaker 2: that you're gonna like you would blash Masha Bond.
17:00
Speaker 3: Yeah, I just know that was great.
17:02
Speaker 2: I'm suspicious because avocado.
17:04
Speaker 3: You have like one day of good usable avocado and
17:07
Speaker 3: then she's gone.
17:08
Speaker 2: Josh and I have a lot of food things to
17:10
Speaker 2: do in the upcoming future.
17:12
Speaker 3: We have to have a cooking show.
17:13
Speaker 2: Yeah, we have to. Well, last time we tried to
17:15
Speaker 2: start a cooking show, Jessica, I literally set my kitchen
17:18
Speaker 2: on fryer on IG Live, so that was like less
17:21
Speaker 2: than ideal.
17:22
Speaker 3: Iconic moment, that is unreal.
17:25
Speaker 2: But I mean, if you want to unhinged cooking show,
17:26
Speaker 2: Jess and I are all about it. But we have
17:28
Speaker 2: to have our potato night. So we're so excited you're
17:31
Speaker 2: coming to beck. We're going to find a night where
17:33
Speaker 2: we come to my house because I have dining chairs
17:35
Speaker 2: now and we're going to have a dinner party. But entree,
17:38
Speaker 2: main course, dessert, snacks, drinks all have to be potato based.
17:42
Speaker 4: Sure.
17:42
Speaker 2: And then Jess and I have found the recipe to
17:45
Speaker 2: the chin chin padsw noodles. We're gonna make that lovely.
17:51
Speaker 2: We just have a lot of things, lots a lot
17:53
Speaker 2: of things coming up mealhouse.
17:54
Speaker 3: Well, we can add avocado frozen testing to the list.
17:57
Speaker 2: That's what we're going to do.
17:58
Speaker 3: Last money we in a solid one, Sualine. She said,
18:00
Speaker 3: money Win found a cute win address from Kmart in
18:03
Speaker 3: the twenty dollars clearance rack in my size and then
18:05
Speaker 3: it scanned.
18:05
Speaker 2: It twelve bucks. Oh my gosh money. W yeah, that's
18:09
Speaker 2: that's like a three eight dollars if you use that
18:12
Speaker 2: dodgy girl math trend.
18:14
Speaker 3: None of that here, None of that in this here.
18:16
Speaker 2: Thank you very much. All right, speaking of saving money,
18:20
Speaker 2: ms Beck say ed, okay, it's your turn.
18:23
Speaker 3: Are you guys ready?
18:24
Speaker 2: We are so ready for your broke tips.
18:26
Speaker 4: First one, I remember months ago I was talking about
18:29
Speaker 4: how a review made me cry, and then I reread
18:31
Speaker 4: the reviews just recently because I was too scared to
18:33
Speaker 4: do that do so beforehand?
18:35
Speaker 2: What are you read reviews?
18:37
Speaker 4: I know I shouldn't have. But then this person apologized,
18:39
Speaker 4: and I am no, they did.
18:40
Speaker 3: They did, rews.
18:42
Speaker 2: I just thought that was really sweet.
18:43
Speaker 3: Thank you so much.
18:44
Speaker 4: A lot of people don't do that, and so sobody.
18:46
Speaker 2: Hold on, hold on, hold on, I'm so confused. So
18:48
Speaker 2: you're saying that somebody left a negative review. Yes, we
18:51
Speaker 2: talked smack about it on the podcast. Yes, after leaving
18:53
Speaker 2: a negative review on our podcast. Yes, they continued to
18:56
Speaker 2: listen to our podcast. Correct, and then they apologize.
19:00
Speaker 5: Yes?
19:00
Speaker 3: Correct. Do you know what personal growth?
19:02
Speaker 4: I love that, we love personal growth. I was really
19:06
Speaker 4: shy at the start of this year.
19:08
Speaker 2: So maybe I do not know what you're talking on.
19:11
Speaker 2: Like though, I was like, I don't know what I'm saying. Anyways,
19:14
Speaker 2: that's my first shoutow and now you've got a whole
19:16
Speaker 2: loaned segment. You're like, sit down, guys, you're doing three
19:18
Speaker 2: shout outs.
19:19
Speaker 3: Yeah.
19:22
Speaker 4: Shout out to one of our listeners who works with
19:24
Speaker 4: Find Victoria, who encouraged me to give Find Victoria a
19:27
Speaker 4: call just to see what they can do about the jigar.
19:31
Speaker 4: Have I send them an email? I haven't called them
19:33
Speaker 4: get too shy, but I might do that.
19:35
Speaker 2: It's the coole point for you. Thank you. That's so
19:38
Speaker 2: kind of you. Jazz I would do the same thing.
19:41
Speaker 2: I love to start a little negotiation on the phone.
19:44
Speaker 2: I also fight with scammers, so I'm not sure if
19:47
Speaker 2: I'm the best for this, but you know what, it's
19:50
Speaker 2: that justice mentality that you know.
19:54
Speaker 4: That's the kind of determination I need. Okay, Well, I
19:56
Speaker 4: do have some broad tips here. There's one from Rachel
19:59
Speaker 4: who has said that there's a place in Brisbane called
20:01
Speaker 4: Lighthouse that offers a full grocery trolley for twenty five dollars.
20:06
Speaker 3: Sorry, what I know isn't that?
20:08
Speaker 4: Why does it work that can be picked up or delivered,
20:11
Speaker 4: and they often have free fruit and veggies as well.
20:14
Speaker 4: My husband and I have used it when in a
20:16
Speaker 4: tight spot and when we can often repay by dropping
20:19
Speaker 4: food off. I'm assuming it's kind of like you drop
20:22
Speaker 4: food off and it's it's a give and take sort
20:23
Speaker 4: of situation, sort of like a million and lentils as anything,
20:26
Speaker 4: so that that is useful if you are in Brisbane.
20:28
Speaker 2: The second broke tip I have comes from.
20:31
Speaker 4: Lily, who has basically just suggested that we go to
20:34
Speaker 4: the reject shop for any kind of perishables or anything
20:38
Speaker 4: when you go to Woollies, just in case of something cheaper,
20:41
Speaker 4: because you can get really cheap things from reject shop.
20:44
Speaker 4: I got like ten dollar curtains that are that will
20:46
Speaker 4: pretty good quality Discounter bodycare bodycare style, like they have
20:51
Speaker 4: body or shampoo conditioner, all of your like truthpastes.
20:55
Speaker 2: That's so true, and I feel like we overlook it.
20:58
Speaker 2: Went in there a little while ago to get like,
21:00
Speaker 2: you know those plastic phone stands to your car that
21:02
Speaker 2: go on the grain. Yes, surely reject shops going to
21:04
Speaker 2: have it. And I walked out with so much other
21:06
Speaker 2: stuff because I was like, oh my gosh, all of
21:08
Speaker 2: their laundry products so affordable. I do need more Omo
21:12
Speaker 2: and they're like all the name brands, but like they're cheap.
21:14
Speaker 4: Yeah, and I don't I don't know why they're cheap.
21:16
Speaker 4: But I'm not gonna ask any question. We are not
21:18
Speaker 4: asking questions. We are simply getting a bargain.
21:20
Speaker 2: We are just doing our best in this cost of living.
21:23
Speaker 4: Crist exactly right, VICKI d And then that brings me
21:27
Speaker 4: to my own personal brick tip of the week, which
21:30
Speaker 4: is very similar to the first one I read out.
21:32
Speaker 4: But my mother was talking about how sometimes in Harris
21:36
Speaker 4: Farm or even in Woolies, I think they do this
21:38
Speaker 4: as well. They'll have fruit and veggies at the front
21:40
Speaker 4: of the store or in Harris's Farm, I think it's
21:42
Speaker 4: at the back of the store where it's kind of
21:44
Speaker 4: like it's maybe going to go off or it's a
21:46
Speaker 4: little bit uglier than the regular fruit and veggies, and
21:49
Speaker 4: you can get like a bag full for twenty five cents.
21:52
Speaker 3: You know what I mean.
21:53
Speaker 2: I remember that it existed. We don't have Harris Farms
21:56
Speaker 2: in Victoria. Don't have Harrow's Farms Victoria.
21:58
Speaker 3: That's true.
21:59
Speaker 2: This is a new South Wales thing.
22:00
Speaker 3: Maybe in other parts of Australia. I'm not sure.
22:01
Speaker 2: I think it's just New South Wales, like it's a
22:03
Speaker 2: silly thing.
22:04
Speaker 4: But I know there are some certain wool words and
22:06
Speaker 4: coals that do have this. They'll have like a trolley
22:08
Speaker 4: full of produce and you can just get a bag
22:11
Speaker 4: because maybe ugly or too small cares, which I love
22:15
Speaker 4: ugly fruit.
22:15
Speaker 2: It's like coals have the odd bunch. Yeah, yes' just
22:19
Speaker 2: quite smart and I like that because I always buy
22:21
Speaker 2: the old bunch because I'm like, I don't care if
22:22
Speaker 2: we've got twisty carrots.
22:23
Speaker 3: I hate the idea of produce being rejected, like farmers
22:26
Speaker 3: putting all this effort into growing it and making it whatever,
22:28
Speaker 3: and it's like not round enough or not shiny enough
22:30
Speaker 3: for yeah, what the hell?
22:32
Speaker 2: No, absolutely no, that's good one. All right, let's go
22:34
Speaker 2: to a really quick break on the flip side. We're
22:36
Speaker 2: going to be talking about what to do with your
22:38
Speaker 2: tax return, and we've got a little bit of a
22:40
Speaker 2: dilemma that you slid into our dms about we're gonna
22:43
Speaker 2: be chatting about having a family and then moving back
22:44
Speaker 2: with your parents to save. So guys don't go anywhere.
22:53
Speaker 3: Welcome back everybody. Let's take a listen to the money dilemma.
22:58
Speaker 2: Hi, there, have you got a money dilemma you just
23:00
Speaker 2: can't solve the She's on The Money Team is here
23:03
Speaker 2: to help. Every week, we tackle your dilemmas, both big
23:06
Speaker 2: and small, to answer your most burning money, career and
23:09
Speaker 2: life questions. To get involved, simply head to our website
23:12
Speaker 2: and leave us a short voice recording and you might
23:14
Speaker 2: just find yourself on the show. Now, let's take a
23:17
Speaker 2: listen to this week's money dilemma.
23:22
Speaker 5: Hi, Team, I just had a quick money question. So
23:24
Speaker 5: I've got some money back from my tax return and
23:27
Speaker 5: I was looking at looking in with Phil to sort
23:30
Speaker 5: out my insurances. I've also been listening to the Property Playbook,
23:33
Speaker 5: and I feel like I might be in a better
23:35
Speaker 5: position towards buying my first house than I thought. Would
23:39
Speaker 5: it be better to contact feel and sort out my
23:42
Speaker 5: superhind my insurances first as I have two super accounts,
23:46
Speaker 5: or is there a better option or someone I could
23:49
Speaker 5: speak to that would be able to kind of handle
23:52
Speaker 5: everything for me?
23:53
Speaker 3: Thanks.
23:54
Speaker 2: This is a really interesting one because at the start
23:57
Speaker 2: I was like, Oh, I have so much advice on
24:00
Speaker 2: what you should do with your tax return. But then
24:02
Speaker 2: it went down the property path, and then it went
24:04
Speaker 2: down the superpath. So you said you have two super accounts,
24:07
Speaker 2: and I think the first thing I would be doing
24:09
Speaker 2: is understanding what both of those accounts are and if
24:12
Speaker 2: they have insurances as default on them. If they do,
24:15
Speaker 2: you need to work out if those insurances are any
24:18
Speaker 2: good and worth keeping or if you rolled your super
24:21
Speaker 2: together it wouldn't matter. So you need to understand that.
24:24
Speaker 2: But it's also twenty twenty three and the government has
24:27
Speaker 2: a very cool MyD super comparison tool that means you
24:30
Speaker 2: could probably go and it depends if you've got a
24:33
Speaker 2: balance under one hundred thousand dollars. The probability of you
24:37
Speaker 2: being able to just do it yourself and pick a
24:38
Speaker 2: really good super fund that makes sense and aligns to
24:41
Speaker 2: the fees you want to pay, the values you hold,
24:43
Speaker 2: and the investment options that you want access to. I
24:46
Speaker 2: just feel like a lot of us don't need to
24:48
Speaker 2: pay a financial advisor for that. I really don't, and
24:52
Speaker 2: I say that because I just go, you know what,
24:56
Speaker 2: that super comparison tool run by the government is really good.
24:59
Speaker 2: It's really clear, it's really clear. It compares apples with apples.
25:03
Speaker 2: It's not here going oh okay, well, you know we're
25:06
Speaker 2: being paid by this super fund, so we're going to
25:08
Speaker 2: put it at the top of the list like it
25:10
Speaker 2: doesn't do that. It's nothing like those comparison sites. So
25:14
Speaker 2: I would be trying to do my super trying to
25:16
Speaker 2: work that out myself, sam o hand. Yeah, insurance is
25:20
Speaker 2: on the other hand, are not DIY. There's something that
25:23
Speaker 2: you do definitely want to speak to an advisor about
25:26
Speaker 2: and to save some cash because you know, you said
25:28
Speaker 2: you were trying to buy property. I would go with
25:31
Speaker 2: a financial advisor that does insurance only advice. It means
25:34
Speaker 2: that the cost is going to be significantly stripped back. Also,
25:38
Speaker 2: they're a financial advisor, so you could ask, hey, what
25:41
Speaker 2: are your thoughts on super I don't want advice on it,
25:43
Speaker 2: but I'd like to talk through what this insurance option
25:46
Speaker 2: inside supermans or what this means. They're going to have
25:49
Speaker 2: the knowledge to have that conversation, and I promise you
25:52
Speaker 2: they'll have a good conversation with you about it so
25:54
Speaker 2: that you're more educated in that She's on the money community.
25:58
Speaker 2: We always recommend Sky Wealth and we will put a
26:01
Speaker 2: link to Phil's company in the show notes because one
26:05
Speaker 2: he's done all of my team's insurances. He's very cost
26:08
Speaker 2: efficient when it comes to the statement of advice because
26:11
Speaker 2: you need a good statement of advice. It's under five
26:14
Speaker 2: hundred bucks. Like, that's a money win in any financial
26:18
Speaker 2: advice circumstance. If you go to another advisor who has
26:21
Speaker 2: not been structured to just give insurance advice like Phil's
26:25
Speaker 2: structured his business, it will be a minimum of fifteen
26:28
Speaker 2: hundred to three thousand dollars for insurance only advice because
26:31
Speaker 2: that's just what it costs that business to do, whereas
26:34
Speaker 2: Phil only does insurance. And I kind of like that
26:38
Speaker 2: because you go, you know what, I'm not going to
26:40
Speaker 2: talk to you about my investments, but I know that
26:42
Speaker 2: you know everything about insurance because it's all they do.
26:45
Speaker 2: It's their bread and butter. It's not just like for
26:48
Speaker 2: a lot of financial advisors like I historically, and I'm
26:51
Speaker 2: not trying to throw myself under a bus, but I
26:53
Speaker 2: historically worked in the investment space and for me, insurance
26:57
Speaker 2: was important because it was a hygiene factor for my client.
27:00
Speaker 2: But I'd sit just down and be like, okay, cool,
27:02
Speaker 2: so we're really prioritizing this, I'm going to go do
27:04
Speaker 2: your insurances on the side, set all of that up,
27:07
Speaker 2: but then really focus on investment. Whereas Phil his team
27:10
Speaker 2: are going to be one hundred percent dedicated to making
27:12
Speaker 2: sure that you're getting the right insurance for you. They're
27:16
Speaker 2: going to do the ongoing management really cheaply, and it's
27:19
Speaker 2: just to me, makes financial sense.
27:22
Speaker 3: The next thing, it's a laundry list.
27:25
Speaker 2: The next thing, my friend, well, she made it very
27:28
Speaker 2: clear I need to do X. I'm like, I have
27:30
Speaker 2: all these resources. Sit down, baby. The next thing you're
27:33
Speaker 2: going to do is called the Zella Money team. Not
27:35
Speaker 2: call them. We don't have a phone that you can
27:37
Speaker 2: call unless Kate gives you her mobile number. And she
27:40
Speaker 2: never answers me, so I don't know why I should
27:41
Speaker 2: answer you, or maybe she would answer you, and that's
27:44
Speaker 2: a sign. But I would talk to the Zella Money
27:46
Speaker 2: team because if you think you're in a better position
27:48
Speaker 2: to buy, that's actually one of the first conversations I'd
27:51
Speaker 2: have before establishing insurances. I would actually go and speak
27:55
Speaker 2: to the broker. And do you know why I would
27:57
Speaker 2: do that, because if you are in a better position
28:00
Speaker 2: to go and get your property of your dreams, right.
28:03
Speaker 2: Let's say that you are in the best position to
28:05
Speaker 2: buy actually right now, if you already established your insurances.
28:10
Speaker 2: Once you settle on this property, you have to review
28:12
Speaker 2: your insurances to consider the new debt that you've taken on, right,
28:16
Speaker 2: So I would be talking to the broker first and
28:18
Speaker 2: going hey, like, what's the probability? Like what do my
28:21
Speaker 2: timeframes look like? Am I comfortable with this? Is this
28:23
Speaker 2: actually something I want to do? Chat to the Zeala
28:26
Speaker 2: Money team or a mortgage broker. To be honest, I
28:29
Speaker 2: don't mind who you talk to. I obviously know and
28:32
Speaker 2: trust to the Zeala Money Team, but any good broker
28:35
Speaker 2: is going to be able to have this conversation with you,
28:38
Speaker 2: sit down with them, work out your time frames. If
28:40
Speaker 2: buying is another twelve months off, go see philp get
28:44
Speaker 2: your insurances implemented, and then at your twelve month review
28:47
Speaker 2: you can update those to be reflective of your new
28:49
Speaker 2: hopeful purchase. But if you're buying in the next two
28:52
Speaker 2: to three months, honestly I would buy and then implement insurances.
28:56
Speaker 2: Does that make sense and why you might do it
28:59
Speaker 2: that way? Say the double handling, save the double handling,
29:02
Speaker 2: save having to go back and be like, hey, I
29:04
Speaker 2: actually now have six hundred thousand dollars of debt that
29:07
Speaker 2: I didn't have before. You're going to have to do
29:08
Speaker 2: a whole new statement of advice.
29:10
Speaker 3: I don't pay for advice twas, don't pay for advice
29:12
Speaker 3: twice if you can want it exactly.
29:15
Speaker 2: So that's what I would be doing if I were you.
29:18
Speaker 2: But when it comes to what you should do with
29:20
Speaker 2: your tax return, well, my friend is up to you.
29:24
Speaker 2: But I just think that I wrote an article the
29:26
Speaker 2: other week on girl math and how much I don't
29:30
Speaker 2: particularly love this concept of girl math, because I think
29:33
Speaker 2: it really downplays how intelligent women are when it comes
29:37
Speaker 2: to finances and money and goes, oh my gosh, we're
29:40
Speaker 2: just trying to justify frivolous purchases, Whereas I would really
29:44
Speaker 2: hope that Jess, if you went out and bought a
29:46
Speaker 2: new dress, you could just be like, yeah, I like
29:49
Speaker 2: the dress. I know I can afford it, and it's
29:52
Speaker 2: in line with my values, and I'd be like, that's hot.
29:55
Speaker 2: You justifying how many times you're going to wear it
29:57
Speaker 2: and what cost per wear looks like and all of
29:59
Speaker 2: these other things. I go, that's great, and I totally
30:02
Speaker 2: think we should understand, like, Jesse, you buying a five
30:05
Speaker 2: hundred dollar dress, Like we really do need to talk
30:07
Speaker 2: about this, you gon know, wear it often? Or is
30:09
Speaker 2: this like a once off kind of thing, Like let's
30:12
Speaker 2: justify the purchase in that way, but like, let's not
30:14
Speaker 2: distill it down to you justifying a purchase you didn't
30:17
Speaker 2: need to make, because it's frivolous. Like you're smart. I
30:20
Speaker 2: know you've got a budget for your clothing. I know
30:23
Speaker 2: that's a value to you because you're literally the most
30:26
Speaker 2: fashionable person I've ever met. And it's really frustrating because
30:29
Speaker 2: I always look like a foot But it's one of
30:32
Speaker 2: those things where you go, well, actually, Jesse is really
30:35
Speaker 2: financially savvy, and if she's got a new dress, like,
30:37
Speaker 2: no one should be questioning her because I know she's
30:39
Speaker 2: made good financial decisions. And that's how everybody should be
30:42
Speaker 2: respected when it comes to financial decisions, not looking at
30:44
Speaker 2: them being like Victoria gets eyelash extensions. That's a little
30:48
Speaker 2: bit silly, do you know what I mean? I just
30:50
Speaker 2: think we're smarter than this, and in a world where
30:53
Speaker 2: we are still constantly battling to be respected as women
30:58
Speaker 2: in the finance space, to be respected as good investors
31:01
Speaker 2: or smart savers. I don't think now is actually the
31:04
Speaker 2: time that we can joke about women being frivolous with money,
31:07
Speaker 2: like we're not there yet. Isn't actually a joke. It's
31:09
Speaker 2: an underlying factor that is left over from the patriarchy
31:14
Speaker 2: being better at things. And that's why men find it funny. Right,
31:18
Speaker 2: It's not because we are actually good at money and
31:21
Speaker 2: we're like, ah, oh my god, Yess, you're so bad
31:24
Speaker 2: with money. If I laugh with Jess about being bad
31:26
Speaker 2: with money, it's because I know she's bloody good at it.
31:29
Speaker 2: Whereas that permission by having that conversation on a grander
31:33
Speaker 2: scale might make people think, oh, well, Jess just calculates
31:37
Speaker 2: that by it cost per wear, And I totally looked
31:39
Speaker 2: at this five hundred dollars dress and I'm actually gonna
31:40
Speaker 2: wear it like five hundred times, So that makes the
31:42
Speaker 2: dress like a dollar so that doesn't matter, and I
31:44
Speaker 2: totally can justify it that way, and then they pop
31:46
Speaker 2: it on their credit card. Like, I think, this narrative
31:50
Speaker 2: of not being smart financially it is going to give
31:53
Speaker 2: too many people permission to not be smart financially.
31:57
Speaker 3: Right, So with the tax retam. What you're saying is
32:00
Speaker 3: make smart money, does it?
32:01
Speaker 2: Yeah? Don't be like, oh my gosh, I deserve new dresses,
32:04
Speaker 2: I deserve to do this, or oh my gosh, I
32:06
Speaker 2: deserve a weekend away. Let's actually look at your financial position.
32:10
Speaker 2: Do you have an emergency fund? Yes, fantastic? Is it
32:15
Speaker 2: completely topped up? Have you reviewed your expenses recently? Because
32:19
Speaker 2: we always say aim between three and six months or
32:22
Speaker 2: like whatever you're most comfortable with. Those are just guidelines,
32:25
Speaker 2: nothing set in stone, but people like guidelines, so we
32:28
Speaker 2: always give them. Have your expenses changed significantly recently with
32:32
Speaker 2: the increasing cost of living, but also like your mortgage
32:35
Speaker 2: repayments or something, do we need to look at that?
32:36
Speaker 2: Is that still reflective of your actual cost over three months?
32:41
Speaker 2: The answer is yes, oh fantastic, Jessica. What else are
32:45
Speaker 2: you working towards? You haven't bought a house yet. Could
32:48
Speaker 2: that go towards your house deposit and get you a
32:50
Speaker 2: little bit closer? Could that, you know, go to a
32:52
Speaker 2: million other things. I don't think it's bad to carve
32:54
Speaker 2: off a little bit as a treaty tree. Yeah, treaty tree,
32:58
Speaker 2: But I think that just blowing your entire tax return
33:01
Speaker 2: on a new handbag when you're not in a financial
33:04
Speaker 2: position to do that, because you're like, oh, it's not
33:06
Speaker 2: actually real money, it's like fake money. It's just my
33:09
Speaker 2: tax return. Actually, my friend, that is money that you earned.
33:12
Speaker 2: That is real money that you earned, that was put
33:15
Speaker 2: aside for you to pay taxes, and now it's not.
33:19
Speaker 2: So it's kind of like a bonus to get you
33:21
Speaker 2: ahead financially. Now you're deciding that that's not what you
33:24
Speaker 2: want to do with it. Again, educated decisions. You want
33:27
Speaker 2: to go buy a handbag with it, you do, you, babe,
33:29
Speaker 2: But at least you know that you're in a financially
33:32
Speaker 2: secure position. And I promise future you was going to
33:35
Speaker 2: thank you if you put yourself in a position where
33:37
Speaker 2: you have an emergency fund where you didn't have it,
33:39
Speaker 2: because whether that is five dollars or five hundred dollars
33:43
Speaker 2: that you didn't have yesterday, future you, when they need that,
33:46
Speaker 2: they can be like, oh my gosh, that was so
33:48
Speaker 2: smart of me to put that to the side. Yeah guaranteed.
33:50
Speaker 3: Yeah, I reckon, she's going to do something smart because
33:52
Speaker 3: she knew she's obviously she.
33:54
Speaker 2: Knew, lady.
33:55
Speaker 3: Yes, I feel like that was just a little nice
33:58
Speaker 3: pep talk.
33:58
Speaker 2: Yeah, I like Faithan's all right, let's move on. We
34:02
Speaker 2: have a not as spicy as usual. DN, That's okay,
34:08
Speaker 2: but it's still interesting. A topical conversation, okay, where I
34:13
Speaker 2: think it's going to divide the room? Maybe are you ready?
34:18
Speaker 2: So this week our community dilemma is this message that
34:21
Speaker 2: we received, Hi team. I currently rent a home with
34:25
Speaker 2: my husband and two children, and with recent rent increases
34:28
Speaker 2: and my self on maternity leave, we're living paycheck to
34:31
Speaker 2: paycheck with basically no savings. My lovely parents have offered
34:36
Speaker 2: to have us move into their home, but the thought
34:38
Speaker 2: of moving my family of for into the space of
34:41
Speaker 2: two bedrooms, and if I'm being honest, the thought of
34:44
Speaker 2: moving back in with my parents is one that I'm
34:47
Speaker 2: not sure I love. How do you decide between getting
34:50
Speaker 2: ahead financially and your pride and your comfort? Ooh, do
34:55
Speaker 2: you want to go first?
34:57
Speaker 3: I mean, it's so hard because I guess it depends
34:59
Speaker 3: on what your definition of paycheck to paycheck is. Because
35:04
Speaker 3: I can understand if you are literally like down to
35:06
Speaker 3: your if we're taking it like quite literally, and you're
35:09
Speaker 3: like I have every dollar accounted for, I'm barely scraping by.
35:13
Speaker 3: I can't do anything fun. I'm really stress to me.
35:17
Speaker 3: It's a really obvious choice to move back in with
35:19
Speaker 3: your parents, and I guess it is.
35:20
Speaker 2: Also massively privileged, very privileged, but.
35:23
Speaker 3: Also largely dependent on your relationship with your parents too,
35:27
Speaker 3: because I suppose if you're moving into right now, it
35:30
Speaker 3: sounds fantastic, it's so kind of them to offer that
35:33
Speaker 3: to you. But if you have a difficult relationship, or
35:36
Speaker 3: historically you've had a difficult relationship, that could be compounded
35:39
Speaker 3: by being in close quarters all of the time, And
35:42
Speaker 3: so I guess that is a factor to consider as well.
35:45
Speaker 3: I mean, if that is manageable, I feel I go
35:48
Speaker 3: for it. That's not something a lot of people have
35:50
Speaker 3: the option of. Not everybody's parents can accommodate them. Not
35:53
Speaker 3: everyone's parents will accommodate them. The amount of money, even
35:56
Speaker 3: if it was a short period of time that you
35:58
Speaker 3: could potentially save, even if you were still contributing to bills,
36:02
Speaker 3: If you're splitting bills between your parents and your family
36:04
Speaker 3: rather than just paying them yourself, that's still gonna put
36:08
Speaker 3: you quite far ahead. So it's kind of like short
36:10
Speaker 3: term pay, long term gain. Yeah, but for some people.
36:12
Speaker 3: They might love their family. They might be like, oh
36:14
Speaker 3: my god, movie nights free babysitting, Like it's gonna be
36:17
Speaker 3: like the Brady Bunching.
36:19
Speaker 2: My girlfriends literally ended up buying a house that was
36:23
Speaker 2: two houses stuck together so that she could be that
36:26
Speaker 2: close with her parents in law. That's cute, and I
36:29
Speaker 2: think that is so wholesome, like so incredible.
36:33
Speaker 3: No, not for me, but I.
36:36
Speaker 2: Love Steve's parents, but I cannot imagine being that close
36:41
Speaker 2: to other people. But then there are people that are like, no, babe,
36:44
Speaker 2: I thrive on that. It's literally the best thing. Our
36:47
Speaker 2: kids are obsessed with just having their grandparents downstairs. And
36:51
Speaker 2: I'm like, oh, that sounds amazing for you, And.
36:55
Speaker 3: I guess that's where the comfort thing really comes in.
36:56
Speaker 3: There is if you're someone who really I'm very introveted.
36:59
Speaker 3: I like having my space. That's what I need to recharge.
37:02
Speaker 3: Adding more people into that situation for me would suck.
37:05
Speaker 2: You can move in with me, It's okay, Yeah, you
37:07
Speaker 2: can't bring your cats because then there would be two
37:10
Speaker 2: four D dog Actually no, I mean I'm for that.
37:13
Speaker 2: I've changed my mind. We'll convinced Eve.
37:16
Speaker 3: We'll figure it out. But yeah, like for some people,
37:19
Speaker 3: I can see why you would be concerned as well,
37:22
Speaker 3: and it can be a hard thing to say, Like
37:23
Speaker 3: if your parents have said, oh, like you can move
37:25
Speaker 3: in with us, it's also hard to then justify to
37:28
Speaker 3: them why you wouldn't want to do that without really
37:31
Speaker 3: like you, yeah, like, that's not what I'm saying. It's
37:35
Speaker 3: just my space and my time and my like where
37:37
Speaker 3: do we put our stuff?
37:37
Speaker 2: I'm an adult now. Yeah, it's it's a hard conversation
37:40
Speaker 2: to have as well. What are your thoughts?
37:43
Speaker 4: It's such a tough one because I guess exactly what
37:45
Speaker 4: you're saying, Like, what is the dynamic here? If you
37:49
Speaker 4: have parents who I guess like you're kind of walking
37:53
Speaker 4: around the house not wanting to upset them, would you
37:56
Speaker 4: feel like you have the kind of relationship where they
37:57
Speaker 4: maybe don't respect your boundaries, They're coming into your personal
38:00
Speaker 4: space a lot of the time. Would they be offended
38:02
Speaker 4: if you need alone time after spending a lot of
38:05
Speaker 4: time with them, Do you feel like you just be
38:07
Speaker 4: constantly anxious that you've upset them at some point? I
38:12
Speaker 4: just don't think I would want to live like that.
38:14
Speaker 4: If that's the relationship that you have. But if you
38:18
Speaker 4: have like super crazy parents, like they are totally totally
38:22
Speaker 4: respected boundaries, they can give you all the pricy you need.
38:25
Speaker 4: They understand that you have your own family, and they
38:28
Speaker 4: understand that people need space and time, and they can
38:31
Speaker 4: be grumpy, they can be happy all these things. If
38:33
Speaker 4: they're completely accepting of that, and you're not worried about anything,
38:37
Speaker 4: then like, sure, do it.
38:38
Speaker 3: Oh you know what I mean.
38:40
Speaker 2: I understand it's way more to it.
38:41
Speaker 4: Of course, like reducing your space to just two bedrooms,
38:45
Speaker 4: so the comfort there is something that you'd have to
38:47
Speaker 4: really compromise.
38:49
Speaker 2: But exactly exactly what you're saying, like a little.
38:52
Speaker 4: Bit, just do it for a little bit of time,
38:53
Speaker 4: save up some money, wait unto you're comfortable, go back
38:56
Speaker 4: out there and try again, and then if you get
39:00
Speaker 4: down the dragon or whatever the.
39:04
Speaker 2: Song says, that's the song to be listening to right now.
39:08
Speaker 4: But exactly right, Jessica, I do actually tend to agree
39:11
Speaker 4: with you for this one. Just if you have the
39:14
Speaker 4: resources to stay with your parents and you have that
39:16
Speaker 4: ability to take advantage for a little while, unless it
39:20
Speaker 4: will really stress you out, then it's not worth it.
39:23
Speaker 2: What do you reckon bed I'm probably a little bit
39:25
Speaker 2: more planned.
39:27
Speaker 3: Okay, I'm proper.
39:29
Speaker 2: I don't think any of you are going to see
39:31
Speaker 2: this coming, but I would want you to make a plan.
39:34
Speaker 2: So I want you to actually sit down and not
39:36
Speaker 2: make a decision yet, like do a pros and CON's
39:39
Speaker 2: list of like what are all the benefits of moving in?
39:41
Speaker 2: And then what are the cons? Like be savage because
39:44
Speaker 2: those things could make or break relationships.
39:48
Speaker 3: Don't leave it anywhere anyone could read.
39:49
Speaker 2: It, burn it, put it in your phone, and then
39:51
Speaker 2: backspace it once you're done. Like the CON's list doesn't
39:56
Speaker 2: need to see the light of day. But you need
39:57
Speaker 2: to sit down with your partner in this circumstance, all right,
40:00
Speaker 2: yess what's the worst thing? And Jess could be like
40:03
Speaker 2: v I literally hate it when Steve xyzs and I'll
40:07
Speaker 2: be like, whoop, don't tell Steve that's good to have
40:09
Speaker 2: on the list. So I think it's important to look
40:11
Speaker 2: at your pros and cons and then make a plan
40:14
Speaker 2: and be really clear on that plan. So why are
40:17
Speaker 2: you making this decision? Because if you go, oh, Beck,
40:20
Speaker 2: you can move back in with me to save a
40:22
Speaker 2: bit of money, and you go, yeah, no worries well
40:23
Speaker 2: what does that mean, Like, look at your budget, to
40:27
Speaker 2: a comprehensive budget and sit down and go all right, well,
40:30
Speaker 2: if we're not paying rent for this period of time,
40:32
Speaker 2: we're going to save twelve hundred dollars two and a
40:35
Speaker 2: half thousand dollars a month. Whatever that looks like. Is
40:39
Speaker 2: that feasible? What other fees and charges and other things
40:42
Speaker 2: in the background. Might we have to.
40:43
Speaker 3: Pay storage for your furniture or something, all of.
40:46
Speaker 2: That kind of stuff. But also I would be adding
40:49
Speaker 2: in some personal time too. You know, obviously you need
40:52
Speaker 2: to be discussing this with your parents because there's kids involved.
40:55
Speaker 2: But I'm going to make the grand assumption that if
40:57
Speaker 2: you're living under the same roof as somebody else, you're
41:00
Speaker 2: probably going to want maybe like an extra date night
41:02
Speaker 2: or something away from that dynamic to make it more
41:05
Speaker 2: palatable in the long term. Yes, good work. You're going
41:08
Speaker 2: to sit down and work out Okay, Well, Jess and
41:11
Speaker 2: I've worked out that if we move our family back
41:13
Speaker 2: in with my parents, we're going to save twenty five
41:16
Speaker 2: hundred dollars a month at a minimum. How much do
41:18
Speaker 2: we want to save? What is the goal here? Like,
41:21
Speaker 2: are we just saving for a month. Are we saving
41:23
Speaker 2: for three months? Are we saving for six months? Are
41:26
Speaker 2: we saving a whole house deposit? If we are saving
41:28
Speaker 2: a whole house deposit, what does that look like? Is
41:31
Speaker 2: that ten thousand dollars? Is it one hundred thousand dollars?
41:33
Speaker 2: I'm going to move back in with my parents to
41:35
Speaker 2: do your whole house deposit and that's going to be
41:37
Speaker 2: four years? What does that actually look like? And I
41:41
Speaker 2: would say shameless plug use the she's on the money
41:44
Speaker 2: goal setting activity, which means that you are specific, optimistic,
41:48
Speaker 2: time bound, and then also measurable. So the measurable part
41:52
Speaker 2: will come in. If you say you're saving twenty five
41:54
Speaker 2: hundred dollars a month and you need to get to
41:57
Speaker 2: ten thousand dollars, what will that look like? It's that
42:00
Speaker 2: time frame. Then once you've done your plan, you're going
42:04
Speaker 2: to hide the cons list because if you've then decided
42:07
Speaker 2: to move in with your parents, just delete all of that. Yeah,
42:10
Speaker 2: pretend it didn't happen, and then you're going to go, hey,
42:12
Speaker 2: mom and dad, before we move in, can we just
42:14
Speaker 2: have a really big chat about what this means, because
42:17
Speaker 2: we really flip it. We really want to respect your boundaries,
42:21
Speaker 2: not take advantage of the home that you own and
42:24
Speaker 2: understand what that would mean, because they might go, oh, one,
42:27
Speaker 2: that's really thoughtful, but two they probably haven't thought about it.
42:31
Speaker 2: Is there anything like my parents? My parents would jump
42:35
Speaker 2: at the chance to have Steve and I move back in.
42:37
Speaker 2: That's cute. Like they would be like, yep, yep, come live,
42:40
Speaker 2: come stay, like we hear from them often when you
42:43
Speaker 2: come to stay with us, when you're coming down, when
42:45
Speaker 2: are you going to And that's so kind and I
42:48
Speaker 2: adore it, But I would want to be like, okay, cool,
42:51
Speaker 2: Like what would be the dynamic of cooking every night?
42:54
Speaker 2: Especially if I have two young kids? Because there's more
42:57
Speaker 2: of us now than of my parents, So is there
42:59
Speaker 2: an expectation and that you know we're contributing a bit
43:01
Speaker 2: more Mum and dad, don't worry, we'll do all the cooking.
43:04
Speaker 2: We'll just jointly fund groceries. You guys have basically private
43:08
Speaker 2: chef now money when life, when domestic chores? How's the
43:14
Speaker 2: house going to stay clean? Can we talk about these
43:17
Speaker 2: things and set some really realistic boundaries and expectations before
43:21
Speaker 2: moving in, Because what if you're not as thoughtful as
43:25
Speaker 2: Jess Jess? Oh, my god, if you moved in with her,
43:28
Speaker 2: she just like clean your room too. But what if
43:31
Speaker 2: you're not that thoughtful, and you've got your two kids
43:34
Speaker 2: running around and your husband that maybe isn't that good
43:36
Speaker 2: at domestic work, and then your mom's like far out
43:39
Speaker 2: and cleaning up after them all the time. That's not fair.
43:42
Speaker 2: So I think having these conversations up front, having a
43:46
Speaker 2: time frame, having a desired outcome for why we are
43:49
Speaker 2: doing that is one going to mean going into the
43:52
Speaker 2: house would be easier, But also it keeps your eye
43:56
Speaker 2: on the prize when you're there and things are hard.
43:59
Speaker 2: Oh yes, it doesn't really matter, Like, do you know
44:01
Speaker 2: we're halfway to that home deposit? Do you know we're
44:04
Speaker 2: halfway to that emergency fund? Oh so much for Okay,
44:07
Speaker 2: well maybe we'll use fifty bucks and we'll go get
44:10
Speaker 2: a pizza and needed in the park together and just
44:12
Speaker 2: get out of this house for a bit. Yeah, does
44:14
Speaker 2: that make sense? So you need really clear boundaries, really
44:17
Speaker 2: clear goals, and understanding what that actually means. When everybody else,
44:21
Speaker 2: oh my gosh, everybody had such colorful opinions. All right,
44:24
Speaker 2: So first we asked our community, have you moved back
44:26
Speaker 2: in with your parents. Fifty three percent of you said yes,
44:29
Speaker 2: Oh Genesis. We said if yes, how long for? So
44:33
Speaker 2: this was pretty split. Twenty percent of you said one
44:35
Speaker 2: to three months, twenty two percent said three to six,
44:38
Speaker 2: twenty five percent said six to twelve, and thirty three
44:41
Speaker 2: percent said for more than a year. We then had
44:43
Speaker 2: a couple of dams, which I think were really irrelevant.
44:45
Speaker 2: So someone said, I think it's worth looking at it
44:47
Speaker 2: with your husband and making a plan. You're so smart.
44:49
Speaker 2: I wish i'd thought of that, of what it could
44:52
Speaker 2: look like if you moved back in with your parents.
44:53
Speaker 2: It's a really great opportunity to get ahead and save
44:55
Speaker 2: yourself some stress if you can to do it in
44:57
Speaker 2: a way that you and your husband are comfortable with.
45:00
Speaker 2: I'm guessing the added benefit could be some extra help
45:02
Speaker 2: with the kids. Someone said, I recently moved in with
45:06
Speaker 2: my partner and his mum after some hesitancy, But it's
45:09
Speaker 2: actually been a game changer. Once you can see what
45:12
Speaker 2: you can achieve with the extra money, it feels like
45:14
Speaker 2: a weight has been lifted. If it is only temporary
45:17
Speaker 2: to get ahead, keep reminding yourself that by this time
45:19
Speaker 2: next year, or whatever your goal is, you'll actually own
45:22
Speaker 2: your own space and will be X dollars better off,
45:25
Speaker 2: with much more financial freedom and oververall a better quality
45:29
Speaker 2: of life. I honestly think it is worth temporary discomfort
45:32
Speaker 2: in order to achieve your lifelong goals.
45:35
Speaker 3: No pain, no gain again.
45:37
Speaker 2: Baby. Then in our little like reply box, which are
45:40
Speaker 2: much shorter, so people said, I think so it's hard,
45:43
Speaker 2: but it would be financially rewarding. Someone said, hell, no,
45:46
Speaker 2: I'm not moving back in with my parents. I'll live
45:49
Speaker 2: on the street. I said, talk with your partner and
45:53
Speaker 2: if it's a yes, set a time limit on you
45:55
Speaker 2: so mentally you know there's an end date. Someone said,
45:58
Speaker 2: I moved back in with my parents to say for
45:59
Speaker 2: he had fast to posit. It was painful, but we
46:01
Speaker 2: saved seventy k Wowly. Someone said, financially it's a blessing,
46:07
Speaker 2: but mentally might not be so healthy. You need to
46:10
Speaker 2: set very strict boundaries.
46:12
Speaker 3: The boundaries thing is a big one. It's like a
46:13
Speaker 3: housemate thing. I'm like, what if your mum came in
46:15
Speaker 3: and just like picked up your undies so your heartners undies,
46:17
Speaker 3: so wash them for you because she's really nice. But
46:19
Speaker 3: I would hate like I would just hate that.
46:20
Speaker 2: My ex boyfriend's mum used to do that. Bless bless her.
46:23
Speaker 2: She was the kindest person in the entire world. But
46:26
Speaker 2: when you were in your very early twenties and your
46:31
Speaker 2: boyfriend's mum at the time folds your G string and
46:33
Speaker 2: puts it on the end of.
46:34
Speaker 3: The bed, Oh my god, that's so cute.
46:38
Speaker 2: You're moultified.
46:39
Speaker 3: Yeah, that's the word.
46:40
Speaker 2: Yeah, Like it's not a good feel like you're like, oh,
46:43
Speaker 2: that's so nice.
46:45
Speaker 3: Where did you find that?
46:50
Speaker 2: You would be a surprised. I've never done it myself,
46:53
Speaker 2: but she definitely did it, and it looked very pretty,
46:56
Speaker 2: very perfect, and I really didn't want to face her everything.
47:00
Speaker 3: That's understandable.
47:01
Speaker 2: Someone said, I'm moving with my mum. It was an ideal,
47:04
Speaker 2: but I can't afford to move back to Australia without
47:06
Speaker 2: this option. So I just think there's lots of different
47:09
Speaker 2: situations and lots of different outcomes. I think the general
47:12
Speaker 2: consensus though, from our community is make a plan, understand
47:15
Speaker 2: the pros and cons set boundaries, and understand your end goal.
47:19
Speaker 2: It's not just me, guys. Yes, perfect advice. We're trying
47:23
Speaker 2: our best and to be honest, if you can do
47:27
Speaker 2: it. It's kind of genius to save money. Pretty French is
47:31
Speaker 2: expensive if you could save that amount per month like
47:34
Speaker 2: no amount option, short term pain, long term gay. That's
47:39
Speaker 2: it all right, guys, I think we are done here.
47:42
Speaker 2: We have some fun things to get to. We will
47:45
Speaker 2: see you on Monday for a money Darry. We hope
47:47
Speaker 2: you have the best weekend ever.
47:48
Speaker 3: We love you, goodbye, bye bye.
47:57
Speaker 2: The advice shared on Cheese on the Money is generally
47:59
Speaker 2: nature and does not consider your individual circumstances. She's on
48:03
Speaker 2: the Money exists purely for educational purposes and should not
48:07
Speaker 2: be relied upon to make an investment or financial decision.
48:10
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