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MONEY DIARIES: Well On Her Way to 100k! · She's On The Money

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Speaker 1: Hello.
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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud Yr the
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Speaker 2: Order Kerney Whalbury and a waddery woman. And before we
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Speaker 2: get started on She's on the Money podcast, I would
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Speaker 2: like to acknowledge the traditional custodians of the land of
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Speaker 2: which this podcast is recorded on a wondery country, acknowledging
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Speaker 2: the elders, the ancestors and the next generation coming through
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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
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Speaker 2: the storytelling of you to make a difference for today
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Speaker 2: and lasting impact for tomorrow.
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Speaker 1: Let's get into it. She's on the Money, She's on
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Speaker 1: the Money. Hello, and welcome to She's on the Money,
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Speaker 1: the podcast for millennials who want financial freedom. Welcome back
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Speaker 1: to another one of our money diaries where I get
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Speaker 1: to talk to one of our incredible She's on the
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Speaker 1: Money community members all about their story. It's my favorite
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Speaker 1: thing in the entire world. Let's jump straight into it,
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Speaker 1: because this week we got a message and it went
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Speaker 1: like this. All right, before I get into it, I
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Speaker 1: do want to give you guys a little bit of
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Speaker 1: a content warning. We are going to be discussing abusive
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Speaker 1: relationships today, so If that is not something you are
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Speaker 1: ready to hear, we have a heap of different literally
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Speaker 1: hundreds of different episodes you could listen to. But if
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Speaker 1: you are ready for this content, we are diving right
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Speaker 1: in now. Hi Victoria, I'm twenty one, living out of
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Speaker 1: home and working three jobs with the goal of saving
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Speaker 1: one hundred thousand dollars in only two years. Currently, I'm
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Speaker 1: one year in and I'm on track to reach my goal.
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Speaker 1: This means I'm working seventy to eighty hours per week
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Speaker 1: as a full time chef and as a part time
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Speaker 1: supervisor at Coles. On my day off, I deliver for
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Speaker 1: door Dash and for Uber. Watching my mum enjoy several
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Speaker 1: abusive relationships is behind my drive to never ever be
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Speaker 1: financially dependent on anyone that shees on. The money community
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Speaker 1: have helped me so much, and I cannot wait to
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Speaker 1: share my story money diarist, I can't wait for you
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Speaker 1: to share your story either. Are you joking? What a hustler?
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Speaker 3: Oh? It sounds so weird hearing it back?
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Speaker 1: Is it inspiring? Hearing it back?
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Speaker 2: Like?
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Speaker 1: Does it make you proud?
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Speaker 3: It does? I've realized how far I've come, So it's good.
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Speaker 1: You're a queen, I love it. Let's start off where
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Speaker 1: we usually start, money direst I want to know if
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Speaker 1: we asked you to give yourself a money grade, what
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Speaker 1: would you grade your habits from A through to F.
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Speaker 3: I would probably give myself a B minus.
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Speaker 1: Oh, a B minus. I want to learn more about that. Obviously,
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Speaker 1: we're going to dive into it. My favorite question, though,
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Speaker 1: let's dive straight in. Can you tell me a little
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Speaker 1: bit more about your money story.
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Speaker 3: I spent most of my childhood with my mum. My
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Speaker 3: parents divorced when I was just before too. She'd never
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Speaker 3: obviously had the best luck in a relationship. She got
3:01
Speaker 3: herself in a few sticky situations. The longest one was
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Speaker 3: about seven years and yeah, he was very abusive physically, mentally, financially.
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Speaker 3: That was one of the reasons why my mum didn't
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Speaker 3: leave was because of the money aspect. When she eventually
3:18
Speaker 3: got herself out of that, I lived with her a
3:21
Speaker 3: little longer, but ended up moving in with my dad
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Speaker 3: just with everything going on in the area we were living.
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Speaker 3: Like her ex for showing up at my school, it
3:30
Speaker 3: was a bit going on. I lived with dad for
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Speaker 3: a few years. I started working at fifteen, I worked
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Speaker 3: full time hours whilst at school, full.
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Speaker 1: Time hours while at school pretty much. Yeah, oh my gosh,
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Speaker 1: did that burn you out or really impact your ability
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Speaker 1: to get I guess a good quality education.
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Speaker 3: I was doing VCAL because at that time I was
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Speaker 3: doing a school based apprenticeship, so I was only at
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Speaker 3: school most days, four times a week. Not really Like,
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Speaker 3: I'm someone who's always been very driven, and I work
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Speaker 3: better mentally when I'm busy.
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Speaker 1: Yeah, fair, same so I'm someone who can't sit still. Yeah, same,
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Speaker 1: literally same, Like that's why you know, you guys can't
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Speaker 1: see this because we're recording, but like I move around
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Speaker 1: the studio so much while we're talking, like I just
4:19
Speaker 1: can't sit still. I feel like it's a certain personality
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Speaker 1: type because I know you've probably got girlfriends that say
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Speaker 1: the same thing. They're like, how on earth do you
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Speaker 1: work seventy to eighty hours a week? And we'll get
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Speaker 1: into it.
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Speaker 3: But friends think I'm nuts exactly.
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Speaker 1: And some people who thrive on it, and some people
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Speaker 1: who can do it for a short period of time
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Speaker 1: and then get burnt out. There's so many different people
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Speaker 1: in the world, and we all, you know, thrive in
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Speaker 1: different ways. So I'm so interested to hear how you
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Speaker 1: do it right? Tell me more, tell me more.
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Speaker 3: So just before my eighteenth birthday, I had to leave
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Speaker 3: Dad's wasn't really feeling safe. So I lived with Nan
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Speaker 3: up until I was eighteen and had left school at
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Speaker 3: a study year twelve to start my apprenticeship full time,
5:00
Speaker 3: and I saved up money and I moved out on
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Speaker 3: my own, in my little unit that I've been in
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Speaker 3: for the past three years.
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Speaker 1: Ah, how good. So you moved out with your nan
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Speaker 1: and now you're living in your own little unit. How
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Speaker 1: did you get to the point where you were able
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Speaker 1: to afford your own unit? Was it something that you'd
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Speaker 1: been saving for ages or I don't know, I just
5:21
Speaker 1: feel like going into your own unit. At that age,
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Speaker 1: that's a lot. I had to share house for ages,
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Speaker 1: and I could only afford like seven hundred bucks a
5:28
Speaker 1: month rent, Like, what are you doing? How are you
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Speaker 1: doing it?
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Speaker 3: It was tough because at that time I was a
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Speaker 3: second year apprentice and had no other income. I got
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Speaker 3: a little help from Centerlink Youth Allowance because obviously I
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Speaker 3: wasn't living with a parent at that age, so I
5:42
Speaker 3: got exempt from that, so I was able to use that.
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Speaker 3: It was a lot. I didn't save a lot at
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Speaker 3: the start because I obviously didn't have a lot after
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Speaker 3: I paid my rent, which was like two hundred and
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Speaker 3: ten dollars a week at the time.
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Speaker 1: That's a lot at that age.
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Speaker 3: Yeah, it was scary. Yeah, I needed to do it.
5:58
Speaker 3: And I love my name I'm I really do. But yeah,
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Speaker 3: I don't know how to describe it. I felt nurtured
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Speaker 3: in a way that I hadn't been nurtured in a
6:07
Speaker 3: very long time. So I was very suffocating.
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Speaker 1: That's fair, but that's also I don't know. They were
6:12
Speaker 1: probably trying their best, right. Do you still have a
6:14
Speaker 1: good relationship with them?
6:15
Speaker 3: Oh yeah, one hundred percent. Yeah, yeah, yeah, they're angels.
6:18
Speaker 3: I loved it for it.
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Speaker 1: This is all a bit too much. I need my
6:21
Speaker 1: own space.
6:22
Speaker 3: Yeah, Like it was all out of love and I
6:25
Speaker 3: love them dearly for it.
6:26
Speaker 1: But yeah, sometimes that can be a little bit too much.
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Speaker 1: I totally resonate with that, all right. I want to
6:32
Speaker 1: know a bit more about work. So when it comes
6:35
Speaker 1: to work, we know that you work as a chef
6:37
Speaker 1: and you're also a supervisor at coals, but can you
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Speaker 1: talk me through what that is, what your jobs are
6:42
Speaker 1: and how much money you earn?
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Speaker 3: Okay, so full type chef, I owned sixty five a year.
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Speaker 3: It's roughly one thousand take home a week. I do,
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Speaker 3: depending on the week, fifteen to twenty five hours at
6:57
Speaker 3: coals in the evening as a service manager supervisor, which
7:05
Speaker 3: most weeks is about three hundred and fifty, and then
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Speaker 3: I do DoorDash on my two days off from my
7:12
Speaker 3: cheffing job, which I can get around three hundred after
7:16
Speaker 3: tax per week.
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Speaker 1: How good is that? You're killing it?
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Speaker 3: Yeah, I can't sit still.
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Speaker 1: I was about to say, but does it kill you?
7:22
Speaker 1: You're getting burnt down. I feel like that's a lot
7:24
Speaker 1: of hours that you're spending not on yourself.
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Speaker 3: Yes, though there are some weeks where I do struggle,
7:31
Speaker 3: but at the end of the day, I know what
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Speaker 3: I'm doing it for. So that's a massive drive.
7:37
Speaker 1: So talk to me. Obviously, that's the next question. What's
7:40
Speaker 1: the big money goal? Obviously we're saving one hundred thousand
7:43
Speaker 1: dollars in two years and you're doing really well. My
7:46
Speaker 1: producer let a sneaky go and said, save fifty seven
7:50
Speaker 1: thousand dollars so far. How are you doing that? Because
7:53
Speaker 1: that is crazy? But also, why are we doing that.
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Speaker 3: So there's a few bigger ones. The biggest one's a house, obviously,
8:01
Speaker 3: with the market at the moment more scared than what
8:04
Speaker 3: I was at the start. But I have about thirty
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Speaker 3: five saved in that, which have a long way to
8:10
Speaker 3: go still. I am saving for a new car because
8:15
Speaker 3: obviously with the door Dash, I'm very much adding kes
8:17
Speaker 3: onto my car.
8:18
Speaker 1: Yeah, that's fair. That's something that I think a lot
8:20
Speaker 1: of people don't consider when they take on door Dash
8:23
Speaker 1: or Uber or any type of delivery service. Right.
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Speaker 3: Yeah, the case add up so quickly. So I'm putting
8:29
Speaker 3: about one hundred and fifty into that each week because
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Speaker 3: I'm hoping I won't have to take out alone when
8:33
Speaker 3: I buy the car that I'm in now, like I
8:35
Speaker 3: didn't have to for my first car. I am also
8:39
Speaker 3: doing a little savings with my partner, which I put
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Speaker 3: about two hundred and fifty in a week. Yeah, and
8:45
Speaker 3: then all my little ones, and I'm investing.
8:47
Speaker 1: And talk to me about that. You can't just drop
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Speaker 1: on and I do a little bit of investing and
8:52
Speaker 1: not share with me. I'm literally Victoria, like I am
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Speaker 1: obsessed with investing. You can't say, oh, I do a
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Speaker 1: little bit of investing. Talk me through that. What does
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Speaker 1: that look like?
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Speaker 3: So at the moment, it's just in com sick, just
9:05
Speaker 3: into the ets. I've got about twelve thousand in that
9:08
Speaker 3: at the moment. Obviously, my super which is sitting at
9:11
Speaker 3: about fifteen thousand. I pay a little extra tax a
9:14
Speaker 3: week two just to be safe. And I also have
9:18
Speaker 3: an emergency fund of ten thousand, which I kind of
9:20
Speaker 3: see as an investment for myself.
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Speaker 1: So you're telling me you already have an emergency fund saved,
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Speaker 1: you're saving for your first home, you're saving for a
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Speaker 1: new car, you actually contribute every single week to savings
9:30
Speaker 1: with your partner, and you still think you're a B minus. Like,
9:32
Speaker 1: we'll talk about this later, my friend, But I am confused.
9:36
Speaker 1: One of the most overwhelming things I think from our
9:39
Speaker 1: community is talking about investing, but not just talking about
9:43
Speaker 1: investing knowing where to start. So I want to know
9:46
Speaker 1: you mentioned before com sec how did you come to
9:49
Speaker 1: the decision that comseck was the right platform for you?
9:52
Speaker 1: And I guess how are you then allocating your money
9:55
Speaker 1: on that platform? Like what are you choosing and why
9:57
Speaker 1: are you choosing it?
9:58
Speaker 3: So I have a couple of their preset ets. Yes,
10:01
Speaker 3: I started out in Rais and Cheersias, but I feel
10:05
Speaker 3: like with everything going on, I wasn't concentrating enough and
10:08
Speaker 3: doing enough reading into it. So I thought, if I
10:11
Speaker 3: pick an ETF that I really like, I look into
10:13
Speaker 3: that a bit more, and I've just been investing in that.
10:17
Speaker 3: I tried to put two hundred away a week.
10:19
Speaker 1: That's a lot. Yeah, that didn't work out most weeks.
10:23
Speaker 3: It does. Occasionally it doesn't. But if I can't hit that,
10:27
Speaker 3: I just have the goal of five hundred a month.
10:29
Speaker 1: So we did some months before. You said you get
10:30
Speaker 1: about one thousand dollars a week from being a chef.
10:32
Speaker 1: You said about three point fifty from coals and then
10:34
Speaker 1: maybe three hundred ish from door dash. You're then going
10:39
Speaker 1: and spending you know, two fifty a week, putting that
10:41
Speaker 1: into your savings with your partner. Obviously you're saving for
10:44
Speaker 1: a house, a new car. Are you a budgeting queen?
10:46
Speaker 1: Because like, I don't know how I would do what
10:48
Speaker 1: you're doing, Like that is a lot of money.
10:51
Speaker 3: Yeah, I don't leave a lot for myself.
10:53
Speaker 1: I was about to say, tell me your budgeting strategy,
10:56
Speaker 1: how does that work? Because this is very impressive you
10:59
Speaker 1: are twenty, you want and I can't quite believe it.
11:02
Speaker 1: I'm like, how did you do it?
11:02
Speaker 3: I kind of just have a thing set up on
11:04
Speaker 3: my notes on my phone that I get my paycheck.
11:07
Speaker 3: I think I do it every three months roughly, and
11:09
Speaker 3: I write down everything and how much I'm earning, and
11:12
Speaker 3: then I break it up and then readjust it every
11:14
Speaker 3: three months when I need to, because obviously things change.
11:18
Speaker 3: But yeah, I don't leave a lot for myself.
11:20
Speaker 1: And why don't you leave a lot for yourself? Is
11:21
Speaker 1: that because your bigger goals are more important to you?
11:24
Speaker 1: Is that just because sometimes we fall short? Is that
11:26
Speaker 1: they talk me through what that means for your lifestyle.
11:30
Speaker 3: I'm too driven and I'm too stubborn, and I feel
11:33
Speaker 3: selfish and angry at myself if I spend too much
11:37
Speaker 3: money each week.
11:38
Speaker 1: No, no, that's bad. Like I know I'm not saying
11:41
Speaker 1: spends more, but I think that money shouldn't really have
11:44
Speaker 1: any level of judgment associated with it. And that sounds
11:47
Speaker 1: like maybe you're being a little bit harsh on yourself.
11:50
Speaker 3: Probably it's the general vibe with me.
11:53
Speaker 1: All right, let's go to a really quick break and
11:55
Speaker 1: on the flip side, I want to talk more about debt,
11:57
Speaker 1: but also I feel like you've got some really good
11:59
Speaker 1: money habits to share with us, So guys, don't go anywhere.
12:07
Speaker 1: All right, let's dive straight back into it, because I
12:09
Speaker 1: am arguably very impressed. I cannot believe at twenty one,
12:13
Speaker 1: you know how to do this. I want to step
12:16
Speaker 1: back a little bit to your money story though. So
12:19
Speaker 1: you were talking about how you grew up with your
12:20
Speaker 1: mom and then you moved in with your dad and
12:22
Speaker 1: then your nana and now you live on your own,
12:24
Speaker 1: and how you know, you watch your mom into our
12:27
Speaker 1: several abusive relationships and it just kind of never seemed
12:30
Speaker 1: to end. But you're the type of person who now
12:33
Speaker 1: wants to be super financially independent. Something that usually happens
12:37
Speaker 1: in those circumstances is you often see, like, let's just say,
12:41
Speaker 1: a child follow in their parents' footsteps, because usually that
12:44
Speaker 1: is role modeled as an acceptable relationship. Right, So how
12:49
Speaker 1: did you know that that was something that you wanted
12:51
Speaker 1: to break the mold of and what were the steps
12:54
Speaker 1: that you took so that you were like, all right, well,
12:56
Speaker 1: I'm going to be in a bit different or a
12:58
Speaker 1: better position, because often what would you say like education
13:01
Speaker 1: isn't as accessible in those circumstances. So tell me how
13:05
Speaker 1: you did this, because apart from the fact that you
13:07
Speaker 1: were a killer saver and an epic worker and have
13:10
Speaker 1: the best work ethic I've ever seen, Like, this isn't
13:13
Speaker 1: something that just comes naturally. So where did this come from?
13:17
Speaker 1: I need to know?
13:18
Speaker 3: I guess just seeing the plane she goes through and
13:23
Speaker 3: knowing that if she had had the money there, she
13:25
Speaker 3: would have been able to leave earlier than what she did.
13:28
Speaker 3: It's probably the biggest thing. I just I don't never
13:32
Speaker 3: want to be put in that position. Yeah, I don't
13:35
Speaker 3: really know how to describe it.
13:37
Speaker 1: No, it's really really wholesome. So what were your first steps?
13:40
Speaker 1: Because you started working at fifteen? Was the driver behind
13:43
Speaker 1: that to get some independence or was it to get
13:45
Speaker 1: some cash? Or was it to help the family? Or like,
13:48
Speaker 1: how did that start? Wanted a car very common reason
13:52
Speaker 1: to get a first job.
13:53
Speaker 3: Yeah, yeah, so saving for a car I ended up
13:58
Speaker 3: having to actually lend I think it was thirteen thousand
14:01
Speaker 3: dollars to mom to get her out of trouble.
14:03
Speaker 1: And did you have that saved at that age?
14:05
Speaker 3: Yeah, I think it was about sixteen sixteen and a
14:08
Speaker 3: half yard. Well she didn't ask, but it started like
14:11
Speaker 3: two hundred dollars per week, two hundred dollars the other week.
14:14
Speaker 3: So I was getting most of my paycheck.
14:16
Speaker 1: Yeah, wow, And how at you know, fifteen sixteen did
14:19
Speaker 1: you feel about that?
14:21
Speaker 3: I was scared. I was scared I was going to
14:22
Speaker 3: get it back. But at the same time, you know,
14:26
Speaker 3: like the word bankruptcy was thrown around, and I couldn't
14:29
Speaker 3: imagine mum having to go through all of that, and
14:31
Speaker 3: she still had my little sister, So yeah, I wanted
14:35
Speaker 3: to help her, and I guess her car didn't seem
14:38
Speaker 3: that important. No.
14:39
Speaker 1: Absolutely, I feel like I'm so proud of you that
14:42
Speaker 1: you were in a position where you could help your mum.
14:44
Speaker 1: Is that something that you think has really driven you
14:47
Speaker 1: to go? All right, well, now I've seen that circumstance.
14:50
Speaker 1: I need to be fiercely independent.
14:52
Speaker 3: Yeah, one hundred percent. I'm stubbornly independent. I think get
14:57
Speaker 3: a noise by boyfriends sometime, but.
15:00
Speaker 1: That's not the worst position to be. And so talk
15:02
Speaker 1: me through your emergency fund. You said before, Look, I've
15:05
Speaker 1: got ten grand sitting in an emergency fund. How did
15:08
Speaker 1: you pick ten thousand dollars and at what age did
15:12
Speaker 1: you start establishing that.
15:13
Speaker 3: I started establishing at probably the age of nineteen, roughly.
15:16
Speaker 3: I worked it out at the time that it was
15:18
Speaker 3: about five to six months worth of my expenses. So
15:22
Speaker 3: like for some reason everything went wrong and I didn't
15:25
Speaker 3: have a job, I was covered. I finished saving that
15:27
Speaker 3: about I think just before I started this big savings chunk,
15:32
Speaker 3: So it was about twenty Just yeah, so.
15:37
Speaker 1: You had ten grand just casually in an emergency fund
15:40
Speaker 1: at the age of twenty.
15:41
Speaker 3: Yeah, just casually sitting there at the age.
15:43
Speaker 1: Of twenty, I was trying to work out how I
15:45
Speaker 1: could take on more personal debt, was it really Yeah,
15:49
Speaker 1: I don't recommend it. I was also spending every single
15:52
Speaker 1: dollar that I earned. In fact, I was really really
15:55
Speaker 1: good at going out every weekend and being like, I've
15:58
Speaker 1: got fifty bucks. Well, we're not coming home with five bucks,
16:00
Speaker 1: are we. That's for drinks exactly, exactly in this economy,
16:05
Speaker 1: like that is at least two drinks nowadays. So it's
16:09
Speaker 1: one of those things where I look back on it
16:10
Speaker 1: and I'm just, you know, and you shouldn't do this.
16:12
Speaker 1: You shouldn't compare your journey to somebody else's at all.
16:15
Speaker 1: But I feel like, innately we all just immediately do that.
16:18
Speaker 1: And I look at you and I'm like, you're a baby,
16:20
Speaker 1: You're twenty one, you have so many years ahead of you.
16:22
Speaker 1: You're going to be so financially successful. This is so exciting.
16:25
Speaker 1: And then I go ooh, twenty one, I was a circus,
16:29
Speaker 1: like I was questionable. So talk to me about debt.
16:32
Speaker 1: You said before you're going to save for a new car,
16:34
Speaker 1: and you don't want to have any debt. So do
16:36
Speaker 1: you have debt? And if so, what is it.
16:38
Speaker 3: I don't have any debt. I've never had any debt
16:41
Speaker 3: at this point.
16:42
Speaker 1: Yes, So talk me through the idea of potentially taking
16:45
Speaker 1: on some debt. How does that make you feel? Is
16:47
Speaker 1: that something that you know you want to do? Is
16:50
Speaker 1: that something where you're like, look, I really need to
16:52
Speaker 1: do door dash? So maybe getting a new car is
16:54
Speaker 1: an essential expense for me.
16:56
Speaker 3: The only time I really want to take debt on
16:58
Speaker 3: at this point in my life life is to buy
17:00
Speaker 3: the house. I feel like a car is something I
17:04
Speaker 3: can budget for each week. I guess to say, it's
17:07
Speaker 3: if I was paying off alone, like I'm making it
17:10
Speaker 3: an obligation that I have to put that away, So
17:13
Speaker 3: paying the loan off before I get the loan very fair.
17:17
Speaker 1: So talk me through your experience with debt. So you know,
17:20
Speaker 1: having grown up and money obviously was a point of
17:23
Speaker 1: contention in your relationships. I know that you lent money
17:27
Speaker 1: to your mum, but was that because she was in
17:29
Speaker 1: debt or was that because she just didn't have an income?
17:32
Speaker 1: Or like, where does this aversion to taking on debt
17:35
Speaker 1: come from?
17:35
Speaker 3: My mum being her very loving and trusting self, paid
17:38
Speaker 3: off her partner at the time stebts No, and he left.
17:44
Speaker 3: So then mum was couldn't get on top of everything.
17:48
Speaker 3: And yeah, so she was working full time, but yeah,
17:51
Speaker 3: she just couldn't get on top of it all.
17:53
Speaker 1: Oh so she just sounds like the most wholesome human
17:55
Speaker 1: in the entire world. She trusts people too much and
17:58
Speaker 1: does the best thing for everybody else, but not herself.
18:02
Speaker 3: Yes, that is my mom.
18:03
Speaker 1: Oh my heart. It breaks me when we just don't
18:06
Speaker 1: have the level of financial education that we deserve to
18:09
Speaker 1: find ourselves, not in these positions like she did not
18:12
Speaker 1: deserve that. People have taken advantage of her because of
18:15
Speaker 1: her kindness, and now she's the one that's on the
18:18
Speaker 1: back foot, and that's not how the world should work.
18:21
Speaker 1: Like it lowers my mind. Growing up, I feel like
18:24
Speaker 1: you've probably learned to be very frugal, and it sounds like, ah,
18:27
Speaker 1: you do have some pretty good money saving tips, so
18:30
Speaker 1: I want to hear them right now. I'm meant to
18:31
Speaker 1: ask you what is your best money habit, but I
18:33
Speaker 1: actually just want to hear all of them. So let's
18:35
Speaker 1: start with what you think your best is, and then
18:37
Speaker 1: I'm probably gonna ask for more beings.
18:40
Speaker 3: Strict with my budgeting, I think is probably the biggest thing.
18:43
Speaker 3: Like I lift by my budget, and if for some
18:47
Speaker 3: reason i feel shoot one week at Cole's, I'll do
18:50
Speaker 3: extra DoorDash to make up for it. Like I'm stubborn
18:54
Speaker 3: in the fact that I don't want to budge from
18:56
Speaker 3: that set budget each week.
18:58
Speaker 1: And when you say you're strict with budgeting, can you
19:00
Speaker 1: talk me through what that might mean? So a lot
19:03
Speaker 1: of people think that maybe strict with budgeting means you
19:05
Speaker 1: like write down every single expense, or being strict with
19:08
Speaker 1: budgeting might be really constricting yourself to a certain amount
19:11
Speaker 1: that you spend every week. How do you go about that?
19:14
Speaker 3: So I have my thin it's about one hundred and
19:17
Speaker 3: fifty dollars a week to spend on things that I
19:21
Speaker 3: want or need and I don't go over that.
19:24
Speaker 1: So is that food and fuel? And like, talk me
19:28
Speaker 1: through what that actually is made up of?
19:30
Speaker 3: Food? Fuel and if I want to do anything? One
19:32
Speaker 3: hundred and fifty Yeah, that's.
19:35
Speaker 1: Like some normal people's entire grocery budget. Are you like
19:39
Speaker 1: a wizard grocery budget?
19:41
Speaker 2: Oh?
19:41
Speaker 1: Like, talk me through. What are we buying at coals?
19:44
Speaker 2: Oh?
19:44
Speaker 3: Well, my partner and I do hello for us, so
19:46
Speaker 3: we split that fifty to fifty.
19:47
Speaker 1: Yep, stunning. But we don't just eat dinner for breakfast,
19:50
Speaker 1: lunch and dinner. So what are we eating for breakfast?
19:52
Speaker 1: What are we eating for lunch?
19:53
Speaker 3: Like?
19:53
Speaker 1: I need to know because this is wild, Like you're
19:55
Speaker 1: spending one hundred and fifty dollars a week and that's
19:58
Speaker 1: my entire grocery budget. It's not coming from a judgmental place.
20:02
Speaker 1: This is coming from a like, Hey, I think I
20:04
Speaker 1: can learn from you. Please teach me your tips and
20:05
Speaker 1: tricks because I think you're a wizard.
20:07
Speaker 3: I don't eat breakfast most mornings.
20:10
Speaker 1: Neither do I. So that's pretty good money saving hack terrible,
20:12
Speaker 1: diet tip terrible. But this is a money podcast, not
20:15
Speaker 1: a diet podcast, so makes sense.
20:18
Speaker 3: Definitely shouldn't be on it. If that's the case. With lunch,
20:21
Speaker 3: I'm lucky at my shiftop we can make a toasty,
20:24
Speaker 3: So have.
20:24
Speaker 1: A toasty for lunch. That's a good hack. Become a chef, Yeah,
20:28
Speaker 1: I like it? How good? So you usually have like
20:31
Speaker 1: food at work and stuff, and obviously that would bring
20:34
Speaker 1: it down. Genius, absolutely genius when it comes to stuff
20:37
Speaker 1: like fun though, what to you is like fun? And
20:41
Speaker 1: what is something that you just don't let yourself budget for?
20:44
Speaker 1: And are you going to enable yourself a bit more
20:47
Speaker 1: freedom in the future or do you just think this
20:48
Speaker 1: is what makes you most comfortable.
20:50
Speaker 3: I definitely want to give myself a bit more freedom,
20:52
Speaker 3: I think, especially since stating my boyfriend, I've kind of
20:55
Speaker 3: had to learn that I have to sometimes be a
20:59
Speaker 3: bit more lenient and go out for dinner and go
21:01
Speaker 3: out for breakfasts more and stuff like that. I'm hoping
21:04
Speaker 3: once you speak two years saving things is over, I
21:07
Speaker 3: can allow myself to put back a little bit on
21:11
Speaker 3: working and hopefully find some hobbies.
21:15
Speaker 1: Yeah, no, that would be epic when it comes to
21:18
Speaker 1: this one hundred thousand dollars savings goal. Like, let's pretend
21:22
Speaker 1: you hit the hundred thousand and we are wham bam,
21:24
Speaker 1: thank you madam. It is sitting in the bank. What
21:27
Speaker 1: happens on that day? Are we then buying a house?
21:30
Speaker 1: If so, what does that look like or how does
21:33
Speaker 1: that work?
21:34
Speaker 3: I hopefully have a house, depending on the market. I
21:37
Speaker 3: have yet to see it breakers so hopefully find out
21:41
Speaker 3: what I can and borrow and stuff. I would like
21:43
Speaker 3: to keep one or two nights a week at Cole's
21:48
Speaker 3: just to give me that little bit of a buffer
21:50
Speaker 3: and I guess outlet to do something and then yeah,
21:53
Speaker 3: just chill it home, watch TV. I'm pretty boring.
21:57
Speaker 1: It's all mine. Don't worry. Don't worry. My idea of
21:59
Speaker 1: a really good night is one wine on the couch
22:02
Speaker 1: and then I get to be in bed early after
22:04
Speaker 1: a really good shower, like ten out of ten. Like,
22:08
Speaker 1: very excited about that. So talk to me about this
22:11
Speaker 1: one hundred thousand dollars savings goal. That is a massive goal,
22:14
Speaker 1: and you're going to need some pretty good money habits
22:16
Speaker 1: to get there. But I want to know your money
22:19
Speaker 1: Habit's going to be continuing after you get to that
22:22
Speaker 1: one hundred thousand dollars or like, what does life look
22:24
Speaker 1: like then, because at the moment, you know you said before,
22:27
Speaker 1: I really want to be a little bit like kinded
22:28
Speaker 1: myself and give myself a little bit more wiggle room
22:30
Speaker 1: and you know, maybe pick up some hobbies. What does
22:33
Speaker 1: that look like once you reach that goal?
22:36
Speaker 3: Well, depending if I have enough money for a deposit,
22:38
Speaker 3: hopefully I will drop back significantly. I will stop doing
22:41
Speaker 3: door dash. I will just do hopefully one or two
22:44
Speaker 3: nights a wee hit Coles on top of my cheffing job.
22:48
Speaker 3: I just like having that little bit extra just if
22:51
Speaker 3: anything pops up, everything's okay, Just letting myself just be
22:56
Speaker 3: a bit more free and not so strict with my
22:59
Speaker 3: seventy eight hours a local week.
23:01
Speaker 1: Yeah, that's a lot, a lot, Like that is double
23:04
Speaker 1: what normal people are actually doing, especially in such physically
23:08
Speaker 1: demanding jobs. So like if someone says, oh, I work
23:11
Speaker 1: seventy to eighty hours in a desk job, I kind
23:13
Speaker 1: of go, oh okay, Like I used to do that too,
23:15
Speaker 1: Like I get it. It's exhausting, but like as a chef,
23:19
Speaker 1: you're in a kitchen and that's like fast paced the
23:22
Speaker 1: entire time you're in a kitchen, Like it is hot,
23:24
Speaker 1: it is steamy, it is yelling, it is like from
23:27
Speaker 1: my perspective, I watched Gordon Ramsey at least four times,
23:30
Speaker 1: so I am very educated on what a kitchen looks like.
23:33
Speaker 1: But is that right? Like are you just always on
23:36
Speaker 1: your feet? If so, how are you looking after you?
23:39
Speaker 3: But definitely pretty busy during services. I don't know. I've
23:42
Speaker 3: never really had much of a self care kind of
23:45
Speaker 3: I guess routine really just coming home at the end
23:47
Speaker 3: of the day, having a nice share and getting into bed.
23:49
Speaker 1: Yeah fair is my underrated self care?
23:53
Speaker 3: Yeah?
23:53
Speaker 1: Underrated? Does a cost anything? Which which you love? So
23:57
Speaker 1: I think that's it. There's honestly nothing better than a
24:00
Speaker 1: good shower, though, Like, if anyone wants to argue that
24:03
Speaker 1: my dms are open, but I want to know, let's
24:05
Speaker 1: flip this on its head. I don't know if you've
24:08
Speaker 1: got one, but I want to know, what do you
24:09
Speaker 1: think your worst money habit is one thing I struggle with.
24:12
Speaker 3: My budget is sticky to a budget when it comes
24:15
Speaker 3: to gift giving. Yeah, okay, I'm terrible at it.
24:18
Speaker 1: You are your mother's daughter. You are too generous my friend. Yeah,
24:22
Speaker 1: so tell me about what that looks like, Like, how
24:25
Speaker 1: do you feel when that happens? And what are you
24:27
Speaker 1: usually spending too much on? Is it because you're not
24:29
Speaker 1: planned enough or is it just because you get too
24:31
Speaker 1: excited like I do about giving gifts to people.
24:34
Speaker 3: Yeah, I get too excited. I have little sub savers
24:37
Speaker 3: I put money into each week, which covers like birthdays
24:40
Speaker 3: and Christmases and everything. But yeah, I can't stick to it.
24:44
Speaker 3: I'll see something and if it's way over budget, but
24:47
Speaker 3: I know that they'll love it, so I'll still get it.
24:50
Speaker 1: Love love. I can resonate with that. But at the
24:53
Speaker 1: same time, I feel like that might be some level
24:55
Speaker 1: of self care for you, because I know that I
24:57
Speaker 1: feel really good when I give gifts. I know that
25:00
Speaker 1: can sound really lame to some people. And if that
25:02
Speaker 1: does sound lame to you, that's because gift giving is
25:04
Speaker 1: not your love language, and that is totally fine. But
25:07
Speaker 1: for me, I just feel so good when I'm able
25:10
Speaker 1: to help other people or give them something that I
25:12
Speaker 1: know that they will love. And I do that all
25:14
Speaker 1: the time, Like I end up going over budget because
25:16
Speaker 1: I'll see something I'll be like, oh my gosh, money
25:18
Speaker 1: diarist would be obsessed with this particular one thing, and
25:20
Speaker 1: then I can't buy them anything else. Right, all right,
25:23
Speaker 1: I want to talk about your money grade again. At
25:25
Speaker 1: the start of this episode, this is wild to me,
25:28
Speaker 1: you said that you're a B minus. You then proceeded
25:31
Speaker 1: to tell us, Hey, the yep, I have five to
25:33
Speaker 1: six months worth of my expenses built up. I'm earning
25:36
Speaker 1: a lot of money from literally three different jobs where
25:40
Speaker 1: I work seventy to eighty hours a week. I'm investing
25:43
Speaker 1: two hundred to two hundred and fifty dollars per week
25:46
Speaker 1: with Comsex Wild, and I'm just creating this super secure
25:50
Speaker 1: financial future. I have fifteen grand in super I care
25:53
Speaker 1: a lot about that. I want to buy a house,
25:55
Speaker 1: I want to buy a new car. I've got really
25:56
Speaker 1: clear goals. Why did you only say a bee and
26:00
Speaker 1: what would it take for you personally to become an
26:03
Speaker 1: A in your eyes?
26:04
Speaker 3: I think just achieving the goals. I feel like they're
26:08
Speaker 3: very ambitious, and I get worried it's going to be
26:11
Speaker 3: a point where I can't do it. So I just
26:13
Speaker 3: think at the end of that, just being able to
26:15
Speaker 3: say okay, I did that, and doing a bit more
26:19
Speaker 3: research into a broker probably next big thing that I
26:23
Speaker 3: think I need to do.
26:24
Speaker 1: Oh if you don't even need to research it, I've
26:26
Speaker 1: got a recommendation, Zella Money, go talk to Kate or
26:29
Speaker 1: Nikki or Jack or Kristen like the girls are wizards.
26:33
Speaker 1: I'm biased because it's actually my business, but that's what
26:36
Speaker 1: I do when I'm not podcasting and getting to talk
26:38
Speaker 1: to our community. I am literally running a mortgage broking business,
26:40
Speaker 1: so I'm a little bit biased.
26:42
Speaker 3: I'll definitely have to look into it, all right.
26:45
Speaker 1: Well, thank you so much. Unfortunately that is all we
26:47
Speaker 1: had time for today. Money diarist, I cannot tell you
26:51
Speaker 1: how much it means to me that you have spent
26:53
Speaker 1: your time having a chat with me, even though we
26:55
Speaker 1: had a few technical difficulties, and you have shared such
26:58
Speaker 1: a beautiful story with our community that I know so
27:00
Speaker 1: many people are going to learn from. Thank you.
27:02
Speaker 3: Thank you so much for having me.
27:10
Speaker 1: The advice shared on She's on the Money is general
27:13
Speaker 1: in nature and does not consider your individual circumstances. She's
27:17
Speaker 1: on the Money exists purely for educational purposes and should
27:20
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