Latest / She's On The Money / She's On The Money Radio Recap - 5 November

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She's On The Money Radio Recap - 5 November · She's On The Money

• 0:00
  Speaker 1: On radio.
• 0:03
  Speaker 2: She's on The Money Radio Show with Victoria Divine. Starts now,
• 0:10
  Speaker 2: Hello and welcome to that. She's on the Money Radio
• 0:13
  Speaker 2: Show podcast, the radio show podcast for millennials who want
• 0:16
  Speaker 2: financial freedom. I was gonna say, I absolutely now that,
• 0:21
  Speaker 2: because I know that this whole thing is going to
• 0:23
  Speaker 2: be about you, Victoria Divine, So I wanted to get
• 0:25
  Speaker 2: my little moment in the sun before we talk about
• 0:27
  Speaker 2: your wedding.
• 0:27
  Speaker 3: Is now when I tell you that I'm the she
• 0:29
  Speaker 3: and she's on the money.
• 0:30
  Speaker 1: Oh sorry, I'm actually the he. So the S actually
• 0:34
  Speaker 1: just stands for sex, and then that that he is
• 0:36
  Speaker 1: actually me.
• 0:37
  Speaker 4: Oh that's fantastic.
• 0:38
  Speaker 3: The other day, came into the studio and Travid put
• 0:41
  Speaker 3: a sign over the S, so it just said he's
• 0:44
  Speaker 3: on the money. I was like, you know what, I'll
• 0:45
  Speaker 3: just see myself out. Thanks for having me. Nice day,
• 0:48
  Speaker 3: enjoy your day.
• 0:48
  Speaker 2: Could you imagine a financial show with just me and Mitch?
• 0:53
  Speaker 3: To be honest, it would be quite good.
• 0:58
  Speaker 4: Elite people would be so engaged.
• 1:01
  Speaker 3: I mean, they're probably screwed for a diamond, but that's
• 1:04
  Speaker 3: okay because they had a good time.
• 1:05
  Speaker 2: Right, that's a right.
• 1:06
  Speaker 1: We just sponsored have to be hungry jacks because all
• 1:08
  Speaker 1: the tips would just be drive through hacks.
• 1:12
  Speaker 4: Me and my mac is at I'd be one with
• 1:15
  Speaker 4: the listener.
• 1:16
  Speaker 2: Questions, what's the thing in your wedding where you were like,
• 1:19
  Speaker 2: oh my god, I have to have that and it
• 1:20
  Speaker 2: doesn't matter how much it costs. What was that one
• 1:22
  Speaker 2: thing that you got?
• 1:23
  Speaker 3: Oh, that's a good question. I think, you know what.
• 1:27
  Speaker 3: I think there's two things. One, there was a non
• 1:29
  Speaker 3: negotiable that whatever wedding venue we had, my dog had
• 1:32
  Speaker 3: to come because I needed her there. I thought that
• 1:35
  Speaker 3: that was you know, obviously everything I do is.
• 1:37
  Speaker 4: With the dog.
• 1:38
  Speaker 2: She's a flower dog, right, Yeah.
• 1:39
  Speaker 4: She's a flower dog. She's also now the ring bearer.
• 1:42
  Speaker 3: She's got a little collar with a clip on ring
• 1:44
  Speaker 3: bearer holder thing, so she's.
• 1:45
  Speaker 1: Oh no, what if she eats and then you're gonna
• 1:47
  Speaker 1: have to see it through the pool the next morning.
• 1:49
  Speaker 4: Yeah, look that. Thankfully, I've got a wedding planner that
• 1:52
  Speaker 4: can be her problem.
• 1:52
  Speaker 1: True.
• 1:53
  Speaker 2: Sorry, sorry, or Gabby who's sitting in the studio here,
• 1:56
  Speaker 2: you're ea, so it's your shoes.
• 2:00
  Speaker 3: I really like I've got a thing for shoes. I've
• 2:02
  Speaker 3: talked about it on my podcast A million times before.
• 2:05
  Speaker 3: I really wanted a beautiful pair of shoes, and so
• 2:09
  Speaker 3: we kind of just didn't think about the budget on
• 2:11
  Speaker 3: that one, and thankfully they ended up being far more
• 2:13
  Speaker 3: reasonable than I thought they might end up being. But
• 2:16
  Speaker 3: that was where I was like, no expenses the other thing?
• 2:20
  Speaker 3: Am I lab more than one thing? I feel like
• 2:22
  Speaker 3: this makes my wedding.
• 2:23
  Speaker 2: We've already had, mate, so keep going.
• 2:25
  Speaker 4: Sorry, I really wanted live music.
• 2:28
  Speaker 3: I didn't realize how like how much things would add
• 2:31
  Speaker 3: up over time, but I really wanted live music.
• 2:34
  Speaker 4: So we've gone to So.
• 2:35
  Speaker 2: Who did you get?
• 2:38
  Speaker 4: We went with three different people.
• 2:44
  Speaker 3: I really wish she didn't ask me that because that
• 2:46
  Speaker 3: makes it sound terrible. But the wedding goes for a
• 2:49
  Speaker 3: really long time, so we've broken it up. Instead of
• 2:52
  Speaker 3: paying someone for like the entire period of time.
• 2:55
  Speaker 2: It actually doesn't until Friday next Friday.
• 2:58
  Speaker 3: Yeah, it goes for an entire Week'll strap yourselves in. No, No,
• 3:03
  Speaker 3: we're born for three different people over that period of time.
• 3:06
  Speaker 4: Like they're not overlapping or anything.
• 3:08
  Speaker 3: And to be honest, it ended up being about the
• 3:10
  Speaker 3: same price as it was going to to have someone
• 3:13
  Speaker 3: for that entire period because you just pay like their
• 3:15
  Speaker 3: hourly fees and stuff.
• 3:17
  Speaker 2: So the funny thing is, Mitch, I was at a
• 3:18
  Speaker 2: wedding last week and I know that you you know,
• 3:22
  Speaker 2: the term DJ is very thrown around quite lightly these days,
• 3:26
  Speaker 2: but yeah, it's pretty easy just to hit play on something.
• 3:28
  Speaker 2: These guys literally did nothing and they charged like two
• 3:32
  Speaker 2: and a half grand.
• 3:33
  Speaker 4: Are you serious?
• 3:33
  Speaker 3: That's just so salty because I can do that with
• 3:35
  Speaker 3: the Spotify playlist.
• 3:36
  Speaker 2: That is essentially what they're doing. That is munny win
• 3:39
  Speaker 2: for us. Wedding DJ robberies. Can we can we do
• 3:42
  Speaker 2: a little tag team and get your mine out of
• 3:44
  Speaker 2: the gun? Mate, I'm talking about being DJs mate, Well
• 3:47
  Speaker 2: travel Mitch.
• 3:50
  Speaker 4: Sick.
• 3:50
  Speaker 3: Wedding DJ, would you turn out to someone's wedding for
• 3:53
  Speaker 3: two and a half grand?
• 3:53
  Speaker 2: Absolutely for nothing?
• 3:56
  Speaker 4: Exactly?
• 3:58
  Speaker 2: Trav you DJ, Y, I'll MC the wedding, Y split
• 4:02
  Speaker 2: the money. It's perfect.
• 4:03
  Speaker 4: You know what, that's a dream team.
• 4:05
  Speaker 3: One of the hardest things when working out what the
• 4:08
  Speaker 3: wedding was going to look like, and you know whose
• 4:10
  Speaker 3: job was what was actually an MC because we actually
• 4:14
  Speaker 3: have hired our celebrate Megan to come and MC the
• 4:18
  Speaker 3: rest of the wedding because I just felt like We've
• 4:20
  Speaker 3: been to so many weddings and I feel like every
• 4:23
  Speaker 3: time it's like the best man or a friend and
• 4:25
  Speaker 3: they all have to stay really sober and remember what
• 4:29
  Speaker 3: to do and keep people on track. And having a
• 4:31
  Speaker 3: job at our wedding is not something I want a
• 4:32
  Speaker 3: close friend to have. Just like that does not feel
• 4:36
  Speaker 3: fair for you to come and have to essentially work,
• 4:39
  Speaker 3: because you know, you guys probably understand this a bit
• 4:42
  Speaker 3: more than the average bear, Like MCing is.
• 4:45
  Speaker 4: Actually full work.
• 4:47
  Speaker 3: Like it's not like, oh, just can you just tell
• 4:48
  Speaker 3: them to go inside now, No, there's like a run
• 4:51
  Speaker 3: sheet and timing and everyone trying to be funny at
• 4:55
  Speaker 3: the same time as being emotional and getting the point across.
• 4:59
  Speaker 2: I mean that's really hard for but easy for me.
• 5:01
  Speaker 1: No.
• 5:01
  Speaker 2: I experienced that on the weekend. Didn't have a beer
• 5:04
  Speaker 2: until ten o'clock because it was hectic. And it's the
• 5:06
  Speaker 2: balance though, of going, Okay, I see the bride and
• 5:09
  Speaker 2: groom am mingling, but we really need to get the
• 5:11
  Speaker 2: show on the road.
• 5:12
  Speaker 3: Yeah, exactly, Like it's your job to pull things together,
• 5:16
  Speaker 3: and I think that people really underestimate that role and
• 5:19
  Speaker 3: just go like get their mate to do it or
• 5:20
  Speaker 3: their cousin and unless they've got experience, it just makes
• 5:23
  Speaker 3: me a bit anxious because I've seen it go south before.
• 5:26
  Speaker 3: And so yeah, we ended up having someone come in
• 5:28
  Speaker 3: and do that, and I feel like it obviously hasn't
• 5:31
  Speaker 3: happened yet, but I think that's going to become one
• 5:33
  Speaker 3: of the best decisions we made because it's also just
• 5:37
  Speaker 3: a little bit nice. We've got a professional doing it
• 5:39
  Speaker 3: and everyone's going to be able to have a chill evening.
• 5:42
  Speaker 2: You know.
• 5:42
  Speaker 1: Well we chat about that and more, right, all the
• 5:44
  Speaker 1: other stuff that goes into funding and costing and throwing
• 5:46
  Speaker 1: a wedding.
• 5:47
  Speaker 2: I was about to say, yeah, we've actually spoken about
• 5:50
  Speaker 2: spending a heap of money in this podcast here. So
• 5:53
  Speaker 2: let's get into the show right now where we can
• 5:55
  Speaker 2: save you some money. Have a great wedding. Victoria Devine,
• 5:59
  Speaker 2: I love you. We two and that she's on The
• 6:01
  Speaker 2: Money Radio show starts right now. Yeah, for your Saturday
• 6:04
  Speaker 2: morning it is. She's on the Money radio show right
• 6:06
  Speaker 2: across the country with Australia's number one finance podcast of
• 6:10
  Speaker 2: Victoria Devine. We've got mixtury in here as well.
• 6:13
  Speaker 1: Hello, I'll tell you what I don't know what's going
• 6:15
  Speaker 1: on in the news. But every time I try to
• 6:16
  Speaker 1: watch the block, I get a breaking news update that
• 6:19
  Speaker 1: says interest rates or the big banks are about to
• 6:22
  Speaker 1: decide and about to release their statement. Interest rates have
• 6:24
  Speaker 1: risen highest inflation in forty years. I guess v you'd
• 6:27
  Speaker 1: be the one to ask, can you explain why this
• 6:30
  Speaker 1: is happening? And maybe even in layman's terms, like how
• 6:32
  Speaker 1: does interest rates affect us? Because it can be boring
• 6:34
  Speaker 1: and dry.
• 6:35
  Speaker 3: Yeah, so it actually happened to spite you, Midge, so
• 6:38
  Speaker 3: that it's even more unaffordable for a person's a millennial
• 6:41
  Speaker 3: or agen x or whatever the hell you are these
• 6:43
  Speaker 3: days to get Propertiesnial.
• 6:45
  Speaker 4: Do you feel spited? Is that one?
• 6:47
  Speaker 3: Now?
• 6:47
  Speaker 2: You know?
• 6:48
  Speaker 1: I walked past CommBank the other day and the attendant
• 6:50
  Speaker 1: at the teller looked at me and gave me stank
• 6:51
  Speaker 1: kind I thought the interest rates were about to rise.
• 6:53
  Speaker 1: I just had a feeling. I know, I knew it
• 6:55
  Speaker 1: was because of me.
• 6:56
  Speaker 4: Honestly, that's exactly how it works. But you are right.
• 6:59
  Speaker 3: It is the seventh consecutive month that we have had
• 7:02
  Speaker 3: an interest rate rise here in Australia, and I'm.
• 7:04
  Speaker 4: Not gonna lie. I kind of felt like this one
• 7:07
  Speaker 4: was coming.
• 7:07
  Speaker 3: Having spoken to our brokers in the business, they were like, yeah,
• 7:10
  Speaker 3: it's just gonna happen, like everyone's talking about it. And
• 7:12
  Speaker 3: I was like, surely we're not going to tip into
• 7:14
  Speaker 3: the seventh month.
• 7:15
  Speaker 4: But we have. On the first of November, they.
• 7:17
  Speaker 3: Announced that they were lifting the cash rate again by
• 7:20
  Speaker 3: twenty five points, so that meant it went up by
• 7:23
  Speaker 3: point two five percent, So it's now at two point
• 7:26
  Speaker 3: eight five percent. But basically it means that the back
• 7:29
  Speaker 3: to back rate hikes that have happened over the last
• 7:32
  Speaker 3: seven months have added eight hundred and fifteen dollars per
• 7:36
  Speaker 3: month to a.
• 7:37
  Speaker 4: Five hundred thousand dollars mortgage.
• 7:39
  Speaker 1: Oh my god, So when's it going to stop? Like
• 7:41
  Speaker 1: do you think we've reached critical mass? Like is this
• 7:43
  Speaker 1: the CAP or the RBA just going to keep on
• 7:45
  Speaker 1: hiking it up? And they can't just keep doing it now.
• 7:47
  Speaker 3: They can though, so they come because we currently are
• 7:50
  Speaker 3: in a circumstance where our inflation is so high, so
• 7:54
  Speaker 3: pushing mortgages off the table. We are actually talking about
• 7:58
  Speaker 3: everything being more expensive. I'm pretty sure macers, chippies were
• 8:00
  Speaker 3: more expensive the other day, Mitch.
• 8:02
  Speaker 1: So wait, wait, wait, so the cash rate can influence everything,
• 8:05
  Speaker 1: even my steam macus cheeseburger with an extra slice of bacon.
• 8:08
  Speaker 3: So the cash rate is usually increased, which is happening
• 8:11
  Speaker 3: right now, to try and mitigate what's happening with the
• 8:14
  Speaker 3: inflation and with this rising CPI. So what is happening
• 8:17
  Speaker 3: is CPI, and inflation is basically the increasing costs of
• 8:21
  Speaker 3: goods and services. So CPI is the consumer price index.
• 8:24
  Speaker 3: And that's basically if you've got a basket of groceries,
• 8:26
  Speaker 3: and I said Mitch, ten years ago, go to Woolies,
• 8:29
  Speaker 3: buy groceries up to the value of thirty dollars, you'd
• 8:32
  Speaker 3: be able to put way more groceries in that basket
• 8:34
  Speaker 3: ten years ago than you would today because everything is
• 8:37
  Speaker 3: just so much more expensive. So in order to try
• 8:40
  Speaker 3: and balance that out and make sure that inflation doesn't
• 8:43
  Speaker 3: keep going through the roof, what our government does is
• 8:46
  Speaker 3: increase our cash rate because they want things to be
• 8:49
  Speaker 3: a little bit more expensive at top dog level so
• 8:52
  Speaker 3: that the bottom dog level, i e. Us buying steam
• 8:55
  Speaker 3: buns at macs, everything isn't going to be feeling as impactful.
• 8:59
  Speaker 4: So it's in important obviously I said before.
• 9:01
  Speaker 3: It's adding an extra eight hundred and fifteen dollars per
• 9:04
  Speaker 3: month to the average five hundred thousand dollar mortgage, which
• 9:07
  Speaker 3: to me is insane. Like imagine being told one month,
• 9:10
  Speaker 3: by the way, you have to find this much more
• 9:11
  Speaker 3: to cough up, which is insane. I think the misconception
• 9:14
  Speaker 3: here is that this only impacts people with mortgages, but
• 9:17
  Speaker 3: it doesn't. It impacts absolutely everybody in our economy at
• 9:20
  Speaker 3: this point in time.
• 9:21
  Speaker 1: God, So what you're saying, V, is someone I don't know,
• 9:23
  Speaker 1: for example, would be crazy to have a wedding in
• 9:26
  Speaker 1: the middle of an economy like this. It'd be just
• 9:28
  Speaker 1: so stupid, it.
• 9:29
  Speaker 4: Would be so dumb.
• 9:30
  Speaker 3: Honestly, I don't even know who gets married these days,
• 9:33
  Speaker 3: espe on a day like the Saturday, the fifth.
• 9:36
  Speaker 4: Of Like, do you know who who's committed to their job?
• 9:41
  Speaker 4: Mitche me?
• 9:42
  Speaker 2: Speaking of budgets, V, you wouldn't have had one for
• 9:44
  Speaker 2: your wedding, would you.
• 9:45
  Speaker 1: Oh?
• 9:45
  Speaker 3: Well, I probably should have thought about this before today.
• 9:48
  Speaker 1: It's literally hours away. You're getting married. We have a
• 9:50
  Speaker 1: live stream of the church. Now, let's just have to
• 9:52
  Speaker 1: connect that through to the to the Oh they're getting
• 9:56
  Speaker 1: ready for Victoria the belt.
• 9:58
  Speaker 3: You're going to be as disappoint owned as some family members.
• 10:01
  Speaker 3: I'm not getting married in the church. Oh no, yeah,
• 10:06
  Speaker 3: I was going to just slide up in flames. So
• 10:08
  Speaker 3: I decided that would probably ruin my wedding.
• 10:10
  Speaker 1: Oh my god, I can imagine. Well hold on, well,
• 10:12
  Speaker 1: we just spoke about the cash raid inflation rates. It's
• 10:14
  Speaker 1: at all time high. What actually goes into getting married?
• 10:18
  Speaker 1: Because I know it sounds done, but I think, like,
• 10:19
  Speaker 1: all right, you get the dress that's like one thousand,
• 10:22
  Speaker 1: I don't know, you get like a nice cake, Sure,
• 10:24
  Speaker 1: get like some flowers at some tables in the higher
• 10:26
  Speaker 1: revenue like ten grand max. Like that's where my brain goes,
• 10:30
  Speaker 1: Am I wrong?
• 10:30
  Speaker 3: Look, no, it's a lot more than that. In fact,
• 10:33
  Speaker 3: before this episode, I was like, do you know what,
• 10:35
  Speaker 3: I'll brush up on the averages and it's made me
• 10:37
  Speaker 3: feel a little bit sick because.
• 10:39
  Speaker 4: I think what I'm going to be over the average.
• 10:41
  Speaker 3: So moneysmart dot gov dot AU says that the average
• 10:44
  Speaker 3: Australian wedding costs thirty six thousand dollars and that eighty
• 10:48
  Speaker 3: two percent of couples dip into their savings to pay
• 10:51
  Speaker 3: for their wedding.
• 10:52
  Speaker 4: Another sixty percent.
• 10:53
  Speaker 3: Of couples get a loan for their wedding, and eighteen
• 10:57
  Speaker 3: percent of couples are putting everything on their credit card.
• 11:00
  Speaker 1: Oh no, is that bad or is that good?
• 11:02
  Speaker 3: I don't think you should be starting a marriage with debt,
• 11:05
  Speaker 3: especially to have a one day party. Please don't get
• 11:08
  Speaker 3: me wrong. I'm so excited for my wedding, But one
• 11:11
  Speaker 3: thing that my partner and I were on the same
• 11:13
  Speaker 3: page about is making sure that everything that we are
• 11:15
  Speaker 3: doing is being paid for in cash. And to be honest,
• 11:17
  Speaker 3: it's why we're getting married so late in our relationship
• 11:20
  Speaker 3: in a way.
• 11:21
  Speaker 4: Like we've been together like what.
• 11:23
  Speaker 3: Nearly eight years or so, so okay, but we've had
• 11:26
  Speaker 3: these open, honest conversations where we were like, you know what,
• 11:29
  Speaker 3: we don't want to get married until we've bought a house,
• 11:31
  Speaker 3: Like to us, that was the priority, and getting on
• 11:33
  Speaker 3: the property ladder with something that we really wanted to
• 11:36
  Speaker 3: do before we got married. But each to their own, like,
• 11:39
  Speaker 3: I'm not going to judge your values as long as
• 11:40
  Speaker 3: you don't judge mine. But to contrast that, I saw
• 11:44
  Speaker 3: another's stat somewhere. The average Australian wedding has been increasing
• 11:48
  Speaker 3: post COVID and the new average is looking closer to
• 11:51
  Speaker 3: fifty four thousand dollars, So.
• 11:53
  Speaker 4: That's thirty six.
• 11:54
  Speaker 3: Like that is just so much money, Like that's more
• 11:57
  Speaker 3: than a family minivan.
• 11:59
  Speaker 1: Guys, okay, that's two Toiragos. Give me some cost saving tips.
• 12:04
  Speaker 1: Because I don't know if you've announced this, and I
• 12:06
  Speaker 1: don't know if we're allowed to talk about it, but
• 12:07
  Speaker 1: travs she might yell at us because she told us
• 12:09
  Speaker 1: this in the break but me, and if you're a
• 12:11
  Speaker 1: guest going to Victoria's wedding getting ready listening to us,
• 12:14
  Speaker 1: you ain't getting no cake at this wedding.
• 12:15
  Speaker 2: She's skimmed.
• 12:16
  Speaker 4: No skimped cake is trash. We're not having a wedding cake. Wow.
• 12:21
  Speaker 3: Look I grew up doing weddings as a waitress. But
• 12:24
  Speaker 3: every single wedding, after all the guests had gone and
• 12:28
  Speaker 3: we're clearing the reception tables, they'd just be plate of
• 12:31
  Speaker 3: cake with a little bit of berry coolly and like
• 12:33
  Speaker 3: a scoop of the whipped cree and a lot of
• 12:36
  Speaker 3: fond it and nobody was eating it. So when it
• 12:39
  Speaker 3: came to our wedding, I was like, Steven, we are
• 12:41
  Speaker 3: not having a cake. Let's just do something that's more
• 12:44
  Speaker 3: aligned to us. So instead of having a fancy cake,
• 12:47
  Speaker 3: we just picked our favorite dessert, which is obviously apple crumble,
• 12:50
  Speaker 3: and we're having that at our wedding. And I kind
• 12:52
  Speaker 3: don't mind what people think, because this day isn't.
• 12:55
  Speaker 4: About them, is it.
• 12:56
  Speaker 1: If you're going to the wedding, maybe stop by seven,
• 12:58
  Speaker 1: I'll having get some crispy cremes because you're them by
• 13:01
  Speaker 1: okake from a cake dilemma to money dilemmas.
• 13:04
  Speaker 2: If you're struggling with your cash flow, you got yourself
• 13:07
  Speaker 2: in a little bit of a situation. You can hit
• 13:09
  Speaker 2: us up anytime on She's on the Money on Socials.
• 13:13
  Speaker 2: This is She's on the Money radio show. Guys, it
• 13:16
  Speaker 2: is time to do this.
• 13:19
  Speaker 1: You know. This segment every week reminds me that Victoria,
• 13:21
  Speaker 1: you really are a wealth of knowledge, a source for
• 13:24
  Speaker 1: all of us to dip into when we are at
• 13:26
  Speaker 1: our darkest times. I can send these to your future husband.
• 13:29
  Speaker 1: He can add them to the vows, because.
• 13:30
  Speaker 4: Actually that would be really good. Yeah, I don't know
• 13:33
  Speaker 4: how he's going with ours.
• 13:34
  Speaker 3: If we're honest, is that something you should think about
• 13:36
  Speaker 3: just in the moment, like from the heart, She'll be.
• 13:39
  Speaker 1: Right from the heart. Well, this is definitely from the heart.
• 13:41
  Speaker 1: Every week we do a money dilemma and we get
• 13:43
  Speaker 1: someone's financial story on the air. To get Victoria's advice,
• 13:47
  Speaker 1: Luise send us a DM about her mum's superannuation.
• 13:49
  Speaker 2: She says, Hello, the me.
• 13:50
  Speaker 1: Mom is in her early sixties, she's just retired from work,
• 13:53
  Speaker 1: and she doesn't have any savings. She's going to be
• 13:55
  Speaker 1: relying on her SUPER payout until she gets her pension age.
• 13:59
  Speaker 1: She does doesn't have a lot of super due to age.
• 14:01
  Speaker 1: Of course, I would really like to be able to
• 14:04
  Speaker 1: support her. How can I best do this? And what
• 14:06
  Speaker 1: advice would you give me?
• 14:07
  Speaker 3: Mom? This is a good question because all of us
• 14:10
  Speaker 3: think and Mitch, you and I are probably in the
• 14:12
  Speaker 3: same boat, not as trap because tribes are like basically
• 14:14
  Speaker 3: old already, So like, yeah, he's probably like all over
• 14:17
  Speaker 3: the super thing.
• 14:18
  Speaker 4: Actually, yeah, exactly what the canes for.
• 14:21
  Speaker 3: But when we talk about supernuation, it feels so far
• 14:25
  Speaker 3: away that it doesn't seem like a priority in the moment,
• 14:28
  Speaker 3: but it really is, because these are the circumstances that
• 14:31
  Speaker 3: a lot of people in their sixties are now stepping into.
• 14:34
  Speaker 4: So caring about.
• 14:35
  Speaker 3: Super is really important because it's going to put future
• 14:38
  Speaker 3: you in a good financial position. In saying that, a
• 14:41
  Speaker 3: lot of people in their sixties right now didn't have
• 14:44
  Speaker 3: compulsory SUPER because that was brought in in nineteen ninety two.
• 14:47
  Speaker 3: So everybody in this circumstance might have grown up in
• 14:50
  Speaker 3: a time where contributing to SUPER didn't happen until they
• 14:53
  Speaker 3: were in their forties or something like that, because it
• 14:55
  Speaker 3: just wasn't something that's been around forever. So it's important
• 14:59
  Speaker 3: to care about it. But the best way you can
• 15:01
  Speaker 3: actually support your mum during this time is to sit
• 15:04
  Speaker 3: down and do some budgeting and some cash flow. It's
• 15:06
  Speaker 3: not about just throwing money that way. It's about actually
• 15:10
  Speaker 3: fully comprehending and understanding your circumstances. So when we're talking
• 15:14
  Speaker 3: about SUPER, yeah, it's great, it's a tool that you
• 15:17
  Speaker 3: can use, but I would actually be reaching out to
• 15:19
  Speaker 3: either a financial advisor or a financial counselor or someone
• 15:23
  Speaker 3: that can help you understand how to best marry superinuation
• 15:27
  Speaker 3: with that potential pension so you make the most of
• 15:30
  Speaker 3: both circumstances, and also to review where your mum is
• 15:34
  Speaker 3: at today, because there's a rule called deeming, and I
• 15:37
  Speaker 3: mean I'm not an accountant, so don't quote me on this.
• 15:39
  Speaker 3: You will need to talk to one, but your financial
• 15:41
  Speaker 3: life will be audited and they will look at the
• 15:44
  Speaker 3: assets you have, and based on the assets you have
• 15:46
  Speaker 3: and how much money you have in super is going
• 15:49
  Speaker 3: to tell the government how much to pay you in
• 15:50
  Speaker 3: a pension. So it's worth thinking about now so that
• 15:53
  Speaker 3: you can best prepare yourself for the future, because a
• 15:56
  Speaker 3: lot of people think, oh my gosh, I'm going to
• 15:57
  Speaker 3: have to sell my family home to get the pension,
• 16:00
  Speaker 3: But your family home isn't included in this deeming. It's
• 16:02
  Speaker 3: actually excluded. So being on the right page, getting the
• 16:05
  Speaker 3: right advice is going to put you in the best
• 16:07
  Speaker 3: possible circumstance. So the advice that I would give to
• 16:10
  Speaker 3: your mum.
• 16:11
  Speaker 4: Is just be educated on this space.
• 16:13
  Speaker 3: Don't bury your head in the sound because it doesn't
• 16:15
  Speaker 3: feel like the place you want to be right now.
• 16:17
  Speaker 4: I totally get that.
• 16:19
  Speaker 3: But what you can do is be really empowered by
• 16:21
  Speaker 3: that circumstance and go all right, well, this is what
• 16:23
  Speaker 3: we're working with. How do we make the most of it?
• 16:25
  Speaker 1: And also, Luise, don't forget I mean, I'm not the
• 16:27
  Speaker 1: financial advisor here, but.
• 16:29
  Speaker 4: I'm not either anymore, Michie I retired.
• 16:31
  Speaker 1: Neither of us are financial advisors here. However, you've got
• 16:34
  Speaker 1: the negotiating power. You say, Mum, you put me in
• 16:36
  Speaker 1: the wheel and I'll give you a bit of pocket money. Okay,
• 16:38
  Speaker 1: you know, I'll just say it sounds good.
• 16:40
  Speaker 4: If you don't put me in the will, I'm gonna
• 16:41
  Speaker 4: put you in the home.
• 16:42
  Speaker 2: It's good. If you've got a question for us, to
• 16:46
  Speaker 2: hit us up search. Shees on the money anywhere on socials.
• 16:49
  Speaker 2: Let's save some people some money with this super save
• 16:52
  Speaker 2: a Saturday.
• 16:53
  Speaker 1: Yes, every single Saturday morning, Victoria gives us some sneaky
• 16:56
  Speaker 1: tips on how to keep more bucks in her bank
• 16:58
  Speaker 1: account in your bank accoun actually and hers because she
• 17:01
  Speaker 1: uses them too. Oh my, you got a coffee shop
• 17:03
  Speaker 1: with Victoria? She gets a note tap at she goes,
• 17:05
  Speaker 1: what hack do I have for a ham?
• 17:06
  Speaker 2: And Cha's croissant? She got a hack for everything?
• 17:08
  Speaker 1: Victoria, So what do I have?
• 17:09
  Speaker 2: Frut?
• 17:10
  Speaker 4: You know what my hack there is?
• 17:11
  Speaker 2: And it worked.
• 17:12
  Speaker 4: Last time we were at the cafe.
• 17:13
  Speaker 3: I was like, oh, Mitch, I forgot my wallet and
• 17:15
  Speaker 3: then you paid because I was turned out. But if
• 17:17
  Speaker 3: you did not think that I was going to make
• 17:19
  Speaker 3: these hacks all about me and the fact that I'm
• 17:21
  Speaker 3: getting married today. You were sorely wrong because the first
• 17:24
  Speaker 3: tip I've got after going through everything, and while I
• 17:27
  Speaker 3: don't regret how much we are about to spend on
• 17:29
  Speaker 3: florals for this wedding, I do realize that they're really,
• 17:32
  Speaker 3: really expensive. And if you're not having a massive wedding
• 17:35
  Speaker 3: and you do have the time, why not think about
• 17:37
  Speaker 3: doing like a non bridal bouquet. Because inflation is crazy.
• 17:42
  Speaker 3: Things are definitely like, Please don't get me wrong. I
• 17:44
  Speaker 3: see so much value in the vendors that we have,
• 17:47
  Speaker 3: but oh my gosh.
• 17:49
  Speaker 4: The wedding tax is absolutely true.
• 17:51
  Speaker 3: I feel like the second you inquire somewhere, they're like, yeah.
• 17:54
  Speaker 4: Here's our packages. Oh it's a wedding. Oh double totally okay,
• 17:57
  Speaker 4: I totally get it.
• 17:58
  Speaker 3: Maybe I should have been smarter when inquiring on places like, oh,
• 18:01
  Speaker 3: I'm just having a celebration.
• 18:03
  Speaker 4: Yeah we're having a branch having a brunch.
• 18:05
  Speaker 3: We're all wearing why there'll be one hundred and fifty
• 18:08
  Speaker 3: people there, but it will be brunch.
• 18:09
  Speaker 1: Yeah, we have dermatitis, will all be in veils.
• 18:11
  Speaker 2: But it's the sun it's a conference.
• 18:13
  Speaker 4: It's a conference.
• 18:14
  Speaker 3: Everyone's going to dress up and it's going to be
• 18:16
  Speaker 3: really fun. The next tip is instead of invitations, because
• 18:21
  Speaker 3: wedding stationary can be so expensive. And it's not just
• 18:24
  Speaker 3: the design because obviously, if you're getting a graphic designer
• 18:27
  Speaker 3: to do the work, YEP, pay them for their time,
• 18:29
  Speaker 3: but the paper that it's printed on is really expensive,
• 18:31
  Speaker 3: then you're probably gonna want the matching envelope. What you're
• 18:34
  Speaker 3: not forgetting is that if you're anything like me, then
• 18:37
  Speaker 3: you also want the little stamp on the back, like
• 18:40
  Speaker 3: the little wax seal and stuff, because I'm f But
• 18:43
  Speaker 3: then on top of that, a dollar ten to send
• 18:45
  Speaker 3: one invitation out and then you know what has to happen.
• 18:48
  Speaker 3: Your guests have to send back your RSVP, so that
• 18:52
  Speaker 3: then costs them a dollar ten, and a dollar ten
• 18:54
  Speaker 3: doesn't sound expensive until it all starts adding up.
• 18:57
  Speaker 1: Crue that send them a text for God's sake, world,
• 19:00
  Speaker 1: I'll go you.
• 19:01
  Speaker 3: One better do an email or there are so many websites.
• 19:05
  Speaker 3: It sounds really complicated, and that's why I didn't do
• 19:08
  Speaker 3: enough research into it until post actually sending out the
• 19:11
  Speaker 3: invites and they're all actually done for you, and they
• 19:13
  Speaker 3: are made for people like me who have never done
• 19:15
  Speaker 3: a website before.
• 19:16
  Speaker 4: It's a bloody money win from my perspective.
• 19:18
  Speaker 1: All right, last one, but you got to get to
• 19:20
  Speaker 1: the wedding. V. I've just got a text from the priest.
• 19:22
  Speaker 1: He said, where is V.
• 19:23
  Speaker 4: There's no priest at my wedding, so you're just making
• 19:25
  Speaker 4: absolute chua to dat.
• 19:27
  Speaker 1: Sorry.
• 19:28
  Speaker 3: My tip number three is photography and videography can get
• 19:31
  Speaker 3: really expensive when it comes to weddings. Have a look
• 19:34
  Speaker 3: for someone up and coming who maybe isn't charging as
• 19:36
  Speaker 3: much at this point in their career. I'm sure that
• 19:39
  Speaker 3: they are going to put in just as much love.
• 19:41
  Speaker 2: All right, you've got to get out of here.
• 19:43
  Speaker 4: I've got to get married.
• 19:44
  Speaker 2: Oh I got trapped. That's the live feed from the wedding.
• 19:48
  Speaker 2: Poor STEVEO has been standing there since eight o'clock this morning. Hey,
• 19:51
  Speaker 2: if you've got a tip, you can hit us up
• 19:52
  Speaker 2: on socials anytime. But we're going to catch you next week.
• 19:56
  Speaker 2: Make sure you stick around, Mitch Cherry, You're going to
• 19:58
  Speaker 2: do the Life Uncut radio show next us. I am
• 20:02
  Speaker 2: out of here. Happy wedding, Victoria.
• 20:04
  Speaker 1: We love you. Have the bedtime and listen, get that
• 20:07
  Speaker 1: garter down and have some.
• 20:09
  Speaker 4: Also be no wedding garden, no cake, no garden. There's
• 20:12
  Speaker 4: a lot of nose at my wedding.
• 20:13
  Speaker 2: So we'll see you when you're a married woman.
• 20:18
  Speaker 1: Dake v.