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DIY Investing vs Managed Portfolios: Which One Should You Choose? And How to Avoid a Black Friday Budget Blowout · She's On The Money

• 0:00
  Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
• 0:03
  Speaker 1: woman and I'm here to acknowledge country t glennyan Ganya, Niana,
• 0:08
  Speaker 1: kaka ya Ya bin Ahaka nian Ar gay In Nimbina
• 0:11
  Speaker 1: yakarum jar dominyamiga Umagahawakaman damon Imlan wimber bang gadabomba in
• 0:17
  Speaker 1: and now in wakah ghana on yakraum jar Watnadaa. Hello,
• 0:22
  Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
• 0:26
  Speaker 1: We thank, acknowledge and respect the Aberiginal people's land that
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  Speaker 1: we're gathering on today. Take pleasure in all the land
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  Speaker 1: and respect all that you see. She's on the Money
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  Speaker 2: She's on the Money.
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  Speaker 3: She's on the Money.
• 1:07
  Speaker 2: Hello and welcome to She's on the Money, the podcast
• 1:10
  Speaker 2: that makes personal finance fun, especially on Fridays. It is
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  Speaker 2: our favorite day of the week because we get to
• 1:17
  Speaker 2: get together and celebrate you and my ailing voice. How beautiful.
• 1:21
  Speaker 2: She's on the Money Community. The incredible Miss Jess Gricci
• 1:25
  Speaker 2: is going to be sharing our favorite money wins. Miss
• 1:27
  Speaker 2: Becksayed as always, has a few cheeky broke tips lined
• 1:31
  Speaker 2: up for us, and we're going to be helping to
• 1:33
  Speaker 2: answer her money dilemma, wanting to know more about managed
• 1:36
  Speaker 2: portfolios and whether they're a good option and something that
• 1:39
  Speaker 2: you slid into our DMS about this week. What do
• 1:42
  Speaker 2: you do when your partner is getting a little bit
• 1:44
  Speaker 2: too obsessed with Black Friday? Oh mister, could you maybe
• 1:51
  Speaker 2: resonate with that question? Do you think Jay might be
• 1:53
  Speaker 2: the partner? Yes, James into the show?
• 1:57
  Speaker 3: Help me?
• 1:58
  Speaker 4: There's so many boxers.
• 2:00
  Speaker 2: Oh, no, you know what I feel like. That's where
• 2:03
  Speaker 2: me sometimes working from home has come in clutch because
• 2:06
  Speaker 2: I hear them come in and I just like usher
• 2:08
  Speaker 2: them into my office and no a package here, generally,
• 2:11
  Speaker 2: tell you what are you talking about? Definitely not besties
• 2:14
  Speaker 2: with the Postman exactly. Before I get to our question
• 2:17
  Speaker 2: for the team, would you guys like to hear a
• 2:19
  Speaker 2: little bit of a five star review? Course? All right?
• 2:22
  Speaker 2: This one is from med Love's photography Cute five stars.
• 2:26
  Speaker 2: Listening to Shares on the Money has honestly changed my
• 2:29
  Speaker 2: life and my whole perspective on money. I've set up
• 2:32
  Speaker 2: an emergency fund, started investing with shares Is. I've been
• 2:35
  Speaker 2: contributing extra to super to get it up to where
• 2:38
  Speaker 2: it should be and have a fun money account which
• 2:41
  Speaker 2: I stick to every week. Having this system and knowledge
• 2:44
  Speaker 2: of why this is all important makes me feel so
• 2:47
  Speaker 2: much more in control. As a millennial who had little
• 2:50
  Speaker 2: financial education growing up, who worked a series of casual
• 2:53
  Speaker 2: and part time jobs well into my thirties, I can
• 2:56
  Speaker 2: now say that, although I still have a lot of
• 2:58
  Speaker 2: catching up to do, I feel like I am very
• 3:00
  Speaker 2: well on my way to financial freedom. I've told all
• 3:03
  Speaker 2: my friends and anyone honestly who will listen about She's
• 3:07
  Speaker 2: on the Money, and recommended the podcast and all of
• 3:09
  Speaker 2: your associated books to my friends. Thank you, thank you,
• 3:12
  Speaker 2: thank you.
• 3:13
  Speaker 5: My god.
• 3:14
  Speaker 2: That's amazing.
• 3:14
  Speaker 5: That is amazing, And it sounds like that's me like
• 3:18
  Speaker 5: writing in like cause that's all the casual jobs, part
• 3:21
  Speaker 5: time jobs. It's so cool to know that you can
• 3:24
  Speaker 5: you can turn it around at any moment.
• 3:26
  Speaker 2: It's actually crazy. I didn't get in a fight. I
• 3:30
  Speaker 2: got in a slight disagreement with someone in some comments
• 3:34
  Speaker 2: online this week because someone commented on one of our
• 3:37
  Speaker 2: money diaries and said, oh, well, this is so unrelatable,
• 3:42
  Speaker 2: and I was like, but it's not, though, like if
• 3:45
  Speaker 2: I had a billionaire or like I showed something like
• 3:47
  Speaker 2: you know, maybe I was talking about, oh, well, to
• 3:49
  Speaker 2: create wealth, you need to have a business and you
• 3:51
  Speaker 2: need to do this in each that I was like, no, no, no, like,
• 3:53
  Speaker 2: I haven't shown something you're not capable of. And I
• 3:56
  Speaker 2: think I was just really defensive because I was like, God,
• 3:58
  Speaker 2: I've shown a single mom who's single handedly has two
• 4:02
  Speaker 2: jobs and like is running rings around it and still
• 4:05
  Speaker 2: saving and investing, and yes, it's not at the levels
• 4:07
  Speaker 2: she wants it to be at, but she's creating wealth herself.
• 4:10
  Speaker 2: And I just go, no, it might not be relatable
• 4:13
  Speaker 2: to your situation right now, but it's not unreally stick
• 4:16
  Speaker 2: And I think that's where I get a little bit frustrated,
• 4:18
  Speaker 2: because I'm like, there's a difference between unrelatable. You know,
• 4:21
  Speaker 2: you watch influences online and they're buying million dollar homes
• 4:24
  Speaker 2: and just like living lives that genuinely are very unrealistic
• 4:28
  Speaker 2: for the average person. But we're not talking usually about
• 4:31
  Speaker 2: that type of wealth. We're talking about, Hey, baby, if
• 4:34
  Speaker 2: you've got your emergency fund set up, are you investing
• 4:36
  Speaker 2: for the future. Have you structured? You're super? Right? Are you?
• 4:39
  Speaker 2: And sixty five year old? You're going to be all good?
• 4:42
  Speaker 2: And usually in our community, the answer if you're proactive
• 4:45
  Speaker 2: is yes, because you still do have to do the work.
• 4:48
  Speaker 2: But like five star review, thank you for sharing it
• 4:51
  Speaker 2: with us. But girl, you did the work.
• 4:52
  Speaker 4: Yeah, you've tapped a lot of things too, Like she's
• 4:55
  Speaker 4: investing on chances, she's done her super she's doing all
• 4:57
  Speaker 4: these bits and pieces right, exciting and like chie.
• 5:00
  Speaker 2: That you did for future you, and she's gonna thrive.
• 5:03
  Speaker 2: It sounds like she already is. And that's my favorite
• 5:06
  Speaker 2: part about our community. That's amazing time. All right, Well,
• 5:10
  Speaker 2: would you guys like the question of the week?
• 5:13
  Speaker 1: Yes?
• 5:13
  Speaker 2: Please? I feel like there's have been getting unhinged. So
• 5:15
  Speaker 2: here's me. I'm reducing this segment. I'm thinking they're gonna
• 5:18
  Speaker 2: ask beck on her opinion of Super. No, you guys
• 5:21
  Speaker 2: really just took this. You can ask us anything and
• 5:24
  Speaker 2: lead with it. The more the better, I say. Yeah,
• 5:27
  Speaker 2: it's time for our favorite part or my favorite part
• 5:29
  Speaker 2: of Friday Drinks, where literally you ask us questions that
• 5:33
  Speaker 2: you are dying to know the answer to, and it
• 5:35
  Speaker 2: literally can be about anything, even shopping tips like this
• 5:39
  Speaker 2: one from Alisha, who says, where are your girls shopping
• 5:43
  Speaker 2: for an affordable black tie dress?
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  Speaker 4: No?
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  Speaker 2: No, no, you have to go to the fanciest wedding you've
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  Speaker 2: ever been to. Where are you're going shopping? I'm going
• 5:52
  Speaker 2: to uniclue love. But what are you picking out? Tell me?
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  Speaker 2: Like the vibe if I say, and I think that
• 5:58
  Speaker 2: makes it easier, Like we're not just shopping for a
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  Speaker 2: black tiev it. Let's say you got hearted to a
• 6:02
  Speaker 2: black tie wedding. You love the person, you want to
• 6:04
  Speaker 2: look your best. What's the outfit vibe?
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  Speaker 5: I'm going a satin oversized teatly okay, sleigh, and I'm
• 6:13
  Speaker 5: going to do it all the way to the top.
• 6:14
  Speaker 2: Yeah, it's gonna be like like a button up okay,
• 6:18
  Speaker 2: way to the top and then oversized long pant business
• 6:22
  Speaker 2: pant ye ye.
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  Speaker 5: With a belt and so you can I'm pretty sure
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  Speaker 5: you can get. I don't know about the satin part
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  Speaker 5: of this outfit.
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  Speaker 2: I feel like Unicloid does do satin, yes, or you
• 6:30
  Speaker 2: just get a giant shirt.
• 6:32
  Speaker 5: Also, I never know the difference between T shirt and shirt.
• 6:34
  Speaker 5: I'm saying shirt with the button.
• 6:35
  Speaker 2: Shirt has like the collar and the button us. Okay,
• 6:38
  Speaker 2: shirt is like that rounded neck that you're we you
• 6:41
  Speaker 2: got you got to you so shirt.
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  Speaker 5: And then I'm just honestly for shoes, whatever the hell
• 6:46
  Speaker 5: you want, because you make it up look nice. But
• 6:48
  Speaker 5: I think just honestly going a kmart and getting like
• 6:51
  Speaker 5: those school shoes.
• 6:53
  Speaker 2: Yeah, that's good. You've got a pair of those. Yeah
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  Speaker 2: you look shaking them. Thank you so much.
• 6:58
  Speaker 5: And I wouldn't be spending more than for yours, unfortunately
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  Speaker 5: because they can't. But if I was going to really
• 7:03
  Speaker 5: really go out, I don't have a place in mind
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  Speaker 5: other than Nuklo.
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  Speaker 2: I'm so sorry, but I kind of love that's like
• 7:09
  Speaker 2: Beck showing up as Beck. Thank you. Yes, I can't,
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  Speaker 2: And when the question came through, I'm like, I cannot
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  Speaker 2: for the life of me. Imagine you no getting into
• 7:18
  Speaker 2: a black tied dress and being comfortable. Yeah, no, do that,
• 7:24
  Speaker 2: I'll try, Jess. Where are you shopping?
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  Speaker 4: I think for the best price secondhand is the go
• 7:29
  Speaker 4: Facebook marketplace deepot because obviously black tie is quite formal.
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  Speaker 2: My favorite.
• 7:34
  Speaker 4: I don't want to say it's super cheap, but you
• 7:37
  Speaker 4: can pick things up on sale. Meshki does a love
• 7:40
  Speaker 4: really great range from more casual through to what I
• 7:44
  Speaker 4: think is totally fine for black tie.
• 7:46
  Speaker 2: Now they have a whole segment on their website called
• 7:48
  Speaker 2: black Tie.
• 7:48
  Speaker 4: They don't even realize that money wim and I think
• 7:51
  Speaker 4: that they do sales pretty frequently. You can do cash
• 7:53
  Speaker 4: back and things like that to help bring cross down.
• 7:55
  Speaker 4: But relative to what you can find yourself spending for
• 7:58
  Speaker 4: black tie, I think they're quite a reasonable price point
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  Speaker 4: for a lot of their pieces.
• 8:02
  Speaker 2: Okay, I agree. A lot of my formal dresses historically
• 8:05
  Speaker 2: have actually come from Chic. Oh she does gorgeous. Yeah,
• 8:09
  Speaker 2: and I find I don't know why you are so planned,
• 8:13
  Speaker 2: but like, yes, you're right deep hop, Facebook, market Place,
• 8:16
  Speaker 2: et cetera. Well, yeah, if you've got the time or
• 8:19
  Speaker 2: honestly hiring a dress. That's something that I have been
• 8:21
  Speaker 2: doing a lot of recently because I just know I
• 8:24
  Speaker 2: want a dress that I've not worn. It's black tie.
• 8:27
  Speaker 2: I'm sorry, I know already I'm never gonna wear it again.
• 8:30
  Speaker 2: I've got this one black tie dress that I bought
• 8:32
  Speaker 2: during UNI that honestly I wore for every single UNI
• 8:36
  Speaker 2: event because like, sorry, it was from Chic, which is
• 8:40
  Speaker 2: you know, I just always was there, but like every event,
• 8:43
  Speaker 2: I just wore that dress when it was like uniball
• 8:45
  Speaker 2: or whatever because I was like, well, I don't have
• 8:47
  Speaker 2: the funds to go buy a new dress, and like,
• 8:49
  Speaker 2: I really like this one, so I just kept wearing
• 8:51
  Speaker 2: and it looked really good. Not gonna lie, but yeah,
• 8:53
  Speaker 2: I would go chic if I didn't have the time
• 8:56
  Speaker 2: to source something. But you bought a formal dress not
• 9:00
  Speaker 2: long ago. Was it racquet Club?
• 9:01
  Speaker 5: Oh?
• 9:01
  Speaker 2: Yes, rack Club are great. Yeah, I remember you being like, gee,
• 9:05
  Speaker 2: this was like thirty dollars and I have no event
• 9:06
  Speaker 2: to wear it too, but like I just know I'm
• 9:08
  Speaker 2: going to get aware out of this.
• 9:09
  Speaker 4: Yeah.
• 9:09
  Speaker 2: Yeah.
• 9:10
  Speaker 4: They're a consignment store, which is another really good option.
• 9:13
  Speaker 4: So they're in Melbourne. They have I think three locations.
• 9:15
  Speaker 4: I've sold stuff there to. It's great for that as well.
• 9:18
  Speaker 4: But yeah, similar thing like a consignment see might have luck.
• 9:20
  Speaker 4: And I feel like formal dresses are something that a
• 9:21
  Speaker 4: lot of people do sell on because you wear it
• 9:24
  Speaker 4: once maybe twice, and you go, oh, I don't know
• 9:26
  Speaker 4: that I would wear it again, So you can often
• 9:28
  Speaker 4: pick them up places like that really cheap.
• 9:30
  Speaker 2: Do you know what I would also recommend if you've
• 9:33
  Speaker 2: got a good friends group, which I know some of
• 9:35
  Speaker 2: us don't have that. But if you've got a good
• 9:38
  Speaker 2: friends group, shop their wardrobes. Oh yeah. Like in our
• 9:40
  Speaker 2: office at work, it just goes, oh my god, I've
• 9:43
  Speaker 2: got a wedding coming up. I'm always like, if I
• 9:44
  Speaker 2: have any dresses you want, you let me know, Like,
• 9:46
  Speaker 2: you can borrow whatever. If you've seen me on like
• 9:49
  Speaker 2: on Instagram in it or like, you know it's in
• 9:50
  Speaker 2: my wardrobe. It's fair game. Like I just love the
• 9:53
  Speaker 2: idea that my cost per wear is being brought down
• 9:55
  Speaker 2: by other people as well. I've done a few Victoria
• 9:57
  Speaker 2: Divine specials over the years. Yeah, but like, I don't know.
• 10:00
  Speaker 2: It's so funny because I know some people who'd be like, oh,
• 10:03
  Speaker 2: I'd never lend out my wardrobe. I get such joy
• 10:06
  Speaker 2: out of the fact that I picked a dress. I
• 10:08
  Speaker 2: loved it. But then like Jess didn't just go oh
• 10:10
  Speaker 2: yeah that was pretty nice Bee, She's like, can I
• 10:13
  Speaker 2: borrow it? Yes, Queen, looks so good on you too,
• 10:17
  Speaker 2: Like I love that you loved it too. Yeah, that
• 10:19
  Speaker 2: is a good feeling. Yeah, sorrying's a great tip. You're borrowing.
• 10:22
  Speaker 2: We're borrowing dresses. From our friends. Honestly borrowing silk shirts
• 10:26
  Speaker 2: from our friends. Absolutely ten out of ten. I feel
• 10:29
  Speaker 2: like we've nailed that question. Would you like to get
• 10:31
  Speaker 2: into the money, wins and confessions of this week, Jessica,
• 10:34
  Speaker 2: I would love.
• 10:34
  Speaker 4: To, if that's all right. I'm going to start off
• 10:36
  Speaker 4: this week with one from Hannah. She's actually paid off
• 10:38
  Speaker 4: and closed her after pay after having to rye on
• 10:41
  Speaker 4: it for the last couple of years. It felt really
• 10:43
  Speaker 4: bloody good, Queen and everyone else who's doing the same thing.
• 10:47
  Speaker 4: It's greats to money went from Claire, who said she
• 10:49
  Speaker 4: went to Ikea to buy a chair cover. After picking
• 10:52
  Speaker 4: one up, she passed through the as e Is section
• 10:54
  Speaker 4: on her way out and found the exact same one
• 10:56
  Speaker 4: there for half of the price. The Aussiest section is
• 10:59
  Speaker 4: my favorite set at Ika if they're right by the
• 11:01
  Speaker 4: checkout and it's where they sell all the stuff that
• 11:03
  Speaker 4: was in the display rooms. I assembled properly by like
• 11:07
  Speaker 4: someone who works in Ikia knows how to do it,
• 11:09
  Speaker 4: and it's like it hasn't been used, it's just been
• 11:10
  Speaker 4: sitting there.
• 11:11
  Speaker 2: That's so good. My favorite part of Ikea is the
• 11:13
  Speaker 2: cafeteria where you can get the meatballs absolutely.
• 11:16
  Speaker 4: After we spoke about it, maybe a month or two ago,
• 11:18
  Speaker 4: I went and got meatballs.
• 11:19
  Speaker 2: For Did she actually stop it? It's so close to
• 11:23
  Speaker 2: the studio. I'm so jealous. We can do it today.
• 11:26
  Speaker 2: Didn't invite us? I know what the hell, let's do
• 11:28
  Speaker 2: it today. Thats not your kids? We all secretly because
• 11:32
  Speaker 2: I was going to go too. But if we all
• 11:33
  Speaker 2: ready each other, let's do it after this, let's hear
• 11:35
  Speaker 2: it after this. That sounds fair? Th mexticot.
• 11:38
  Speaker 4: A money went from Jessica excellent name, who said a
• 11:40
  Speaker 4: bit of an old one, but her favorite spin studio
• 11:44
  Speaker 4: ran a specialty class and then afterwards took all the
• 11:46
  Speaker 4: women to Lulu Lemon to get a.
• 11:48
  Speaker 2: Free pair of leggings.
• 11:49
  Speaker 4: Sorry, what she said, pretty epic return on a thirty
• 11:52
  Speaker 4: five dollar class. She'd never normally spend that much money
• 11:54
  Speaker 4: on a pair of leggings. What I'd like to sign
• 11:57
  Speaker 4: up for this class?
• 11:58
  Speaker 2: Please? Sorry? How do we get in on? That sounds slight?
• 12:01
  Speaker 2: I love a little still them they all just went
• 12:04
  Speaker 2: in and just like a HIJACKX you imagine. No, No,
• 12:08
  Speaker 2: we don't do that, Yeah we do, we don't. Lastly,
• 12:11
  Speaker 2: this week, I've got a money win from Adriana who
• 12:14
  Speaker 2: said her car insurance was to you. She asked them
• 12:16
  Speaker 2: to lower the annual price due to her having three
• 12:18
  Speaker 2: separate policies with them, so they did it by fifty dollars,
• 12:21
  Speaker 2: which put it back to the same price as last year.
• 12:23
  Speaker 2: They said they were going to resent her the policy.
• 12:25
  Speaker 2: They didn't resent her the policy, so she followed up
• 12:28
  Speaker 2: and they took another sixty bucks off for the inconvenience win.
• 12:31
  Speaker 2: It pays to be inconvenience sometimes. Absolutely. Learning from this
• 12:35
  Speaker 2: absolutely that's everything for me. This I love that. Miss
• 12:38
  Speaker 2: becksay ed, what have you got when it comes to
• 12:40
  Speaker 2: broke tips? So this week I got a couple of
• 12:43
  Speaker 2: good ones. The first one comes from Katya. She says
• 12:46
  Speaker 2: that if you hit escape really.
• 12:48
  Speaker 5: Quickly when you're going to like read an article and
• 12:51
  Speaker 5: a pay wall comes up escape, if you hit escape
• 12:53
  Speaker 5: really quickly, then you can sometimes avoid the paywall. And
• 12:56
  Speaker 5: so our gorgeous producer did some research on this and
• 12:59
  Speaker 5: it is true. Quickly eating the escape key upon a
• 13:02
  Speaker 5: page loading can sometimes prevent a paywall from appearing by
• 13:05
  Speaker 5: interrupting the pages loading process, which I.
• 13:08
  Speaker 2: Know is like it depends on the it depends on.
• 13:10
  Speaker 5: The side, like I do feel bad, like I don't
• 13:12
  Speaker 5: want to steal content, but also like why can't I
• 13:15
  Speaker 5: just read the article?
• 13:18
  Speaker 1: You know?
• 13:18
  Speaker 2: Personal peppe is news behind a paywall.
• 13:20
  Speaker 4: If you are a creator putting totally out, Oh yeah,
• 13:23
  Speaker 4: I think you suck.
• 13:26
  Speaker 2: No, not at all, but like, yeah, the nature of
• 13:28
  Speaker 2: what it is news should be for public consumption. I agree,
• 13:31
  Speaker 2: I agree. I don't know. That's my hot take. I
• 13:33
  Speaker 2: completely share another one that I may or may not use.
• 13:37
  Speaker 2: So the second it starts loading, I can't control a
• 13:40
  Speaker 2: control C, so like can select everything control C. I've
• 13:45
  Speaker 2: copied it because then, as you guys probably know, you
• 13:47
  Speaker 2: can start reading the article and then the pop up
• 13:49
  Speaker 2: comes up. So if you can get that control a
• 13:51
  Speaker 2: control C before that happens, I then cut and paste
• 13:55
  Speaker 2: it into a word document and read it on my
• 13:56
  Speaker 2: own computer. Oh my god, I haven't tried the escape thing.
• 14:05
  Speaker 2: I didn't even know what the escape key did, so
• 14:06
  Speaker 2: I'm going to give that a crack as well. But
• 14:09
  Speaker 2: that has been my hack for reading paywalled articles that
• 14:13
  Speaker 2: maybe or I didn't want to pay massive God that
• 14:17
  Speaker 2: what you will. We're not telling you how to live
• 14:19
  Speaker 2: your life. We're just kidding. Do you think that's ethical.
• 14:21
  Speaker 2: That's totally okay. Don't do it completely because we wouldn't.
• 14:26
  Speaker 2: We're not doing it. We're not going to do it.
• 14:28
  Speaker 6: Yeah.
• 14:28
  Speaker 2: I mean when I say I do it, I was
• 14:30
  Speaker 2: just making a suggestion that I might be able to
• 14:33
  Speaker 2: do it. Yes, it's a clever idea that you haven't
• 14:35
  Speaker 2: tried yet. Yeah, as somebody who writes for a publication,
• 14:38
  Speaker 2: who often puts my articles behind paywalls, I'd hate for
• 14:42
  Speaker 2: you to have that information absolutely because you don't write
• 14:45
  Speaker 2: that for just anyone. Yeah. Well, there you go, and so.
• 14:48
  Speaker 4: There you go.
• 14:50
  Speaker 2: Okay. The next one comes from Lisa.
• 14:53
  Speaker 5: So this was like a thread asking for holiday saving STIPs,
• 14:56
  Speaker 5: and I thought this was really interesting.
• 14:57
  Speaker 2: Lisa said that she does a supermarket cleaning collect.
• 14:59
  Speaker 5: Or delivery order before she leaves, like the health, the
• 15:02
  Speaker 5: accommodation she's saying it, or like a holiday when she's
• 15:05
  Speaker 5: going on holiday exactly, so she only has to eat
• 15:08
  Speaker 5: out once a day. That means that she doesn't have
• 15:10
  Speaker 5: the option of like deciding not to go shopping when
• 15:12
  Speaker 5: she gets there, and she doesn't have to waste the
• 15:14
  Speaker 5: time doing the shopping as well, she can just like
• 15:17
  Speaker 5: enjoy her holiday so I'm like, trick yourself into like
• 15:21
  Speaker 5: doing like yeah, like a click and collect or like
• 15:22
  Speaker 5: a delivery order or something like.
• 15:24
  Speaker 2: It's a really great idea. Every time we've ever gotten
• 15:26
  Speaker 2: you guys already probably know this, but every time I've
• 15:29
  Speaker 2: gone on holidays with Jess, I'm like, so, where's the
• 15:32
  Speaker 2: new a supermarket? Not gonna lie. If we're traveling internationally,
• 15:35
  Speaker 2: I don't want to do click and collect. I want
• 15:37
  Speaker 2: to Yeah, that's inexperience going through an international market, getting
• 15:43
  Speaker 2: to see their cereal aisles, like what brands they have
• 15:46
  Speaker 2: like for me, that's part of the holiday. I love it.
• 15:48
  Speaker 2: I love it. I'm always like, oh, do you want
• 15:50
  Speaker 2: to go into that supermarket? Do you want to go
• 15:51
  Speaker 2: into that deli? Like, maybe I'm not the person you
• 15:53
  Speaker 2: want to travel with, but yeah, I always go get
• 15:56
  Speaker 2: like a cereal and a coffee option for the mornings,
• 15:59
  Speaker 2: for sure. I don't want to eat out every single meal. No,
• 16:02
  Speaker 2: I know it is quite experienced.
• 16:04
  Speaker 5: I always look for the grocery store wherever I am,
• 16:06
  Speaker 5: even if I'm with in Australia. Something about being and
• 16:09
  Speaker 5: woolies is so companying. This next one is from Jess Ricky.
• 16:14
  Speaker 2: Actually, if you don't mind. So we put a whole
• 16:19
  Speaker 2: thread in our Facebook group every single week so that
• 16:22
  Speaker 2: our community can share. And then you just go, yeah,
• 16:25
  Speaker 2: just give me, give me hot I think I know
• 16:27
  Speaker 2: what this one is and it is a good one.
• 16:28
  Speaker 2: Oh it's crazy. She's got tickets on this too.
• 16:30
  Speaker 5: Yeah, it is right right, you know what that's actually
• 16:33
  Speaker 5: pun and you'll soon figure out why. So to celebrate
• 16:37
  Speaker 5: the opening of the Metro Tunnel, two months of free
• 16:39
  Speaker 5: travel will apply every Saturday and Sunday from early December
• 16:43
  Speaker 5: twenty twenty five to the first of February twenty twenty
• 16:46
  Speaker 5: six for all public transport within Victoria. Isn't that amazing?
• 16:50
  Speaker 2: That is actually very cool? And now my ticket comment
• 16:53
  Speaker 2: does make sense, makes a lot of sense. No ticket required,
• 16:56
  Speaker 2: you guys, that is a money win. Could we make
• 16:59
  Speaker 2: it a little bit better? Like, can can you have
• 17:01
  Speaker 2: your people call my people or something and talk about
• 17:03
  Speaker 2: extending that for like even a week so that everyone
• 17:06
  Speaker 2: can save on their my keys for work and then
• 17:09
  Speaker 2: like really stash some extra cash. Lovely, I don't know
• 17:12
  Speaker 2: about the weekend. I'll take what I can get. I
• 17:14
  Speaker 2: want to be greedy, but also I'm really greedy.
• 17:16
  Speaker 5: I think like, either never end it just weekends forever free,
• 17:21
  Speaker 5: I would think, or yeah, make it like the whole
• 17:23
  Speaker 5: week for a few months.
• 17:24
  Speaker 2: Yeah. I also reckon that the Victorian Premier should call
• 17:27
  Speaker 2: the Queensland Premier and they should talk. Yes, because for
• 17:31
  Speaker 2: those of you not following, Queensland get fifty cent public
• 17:34
  Speaker 2: trans yes. Do they rude? Right? Very nice? I know,
• 17:38
  Speaker 2: I know, well fair enough. I have your people call
• 17:41
  Speaker 2: their people and their people tell you how to do
• 17:43
  Speaker 2: your job.
• 17:43
  Speaker 5: It really makes me upset and I'm not going to
• 17:45
  Speaker 5: linger on this for too long. But people that are
• 17:47
  Speaker 5: already struggling to get by and then they're like, oh cool,
• 17:49
  Speaker 5: I finally found a job.
• 17:50
  Speaker 2: Oh it's going to cost me fifty dollars a week
• 17:52
  Speaker 2: to get there and you don't have the cash, and like,
• 17:55
  Speaker 2: you don't have it, just give us public transport for
• 17:57
  Speaker 2: free during a week, yeah, because I feel like that
• 18:00
  Speaker 2: take a lot of pressure off a lot of people. Absolutely,
• 18:03
  Speaker 2: or just do it for fifty cents. Sorry, why can
• 18:05
  Speaker 2: Queensland do it exactly?
• 18:06
  Speaker 5: And actually, you know what we'll pay on the weekends
• 18:09
  Speaker 5: during the week. No, we try to take my taxes.
• 18:12
  Speaker 5: And that's my vergue tip for this week.
• 18:13
  Speaker 2: Do you know what, that's a really good one. I
• 18:15
  Speaker 2: will allow the fact that you got Jess to do
• 18:17
  Speaker 2: your job. Thank you Jess anytime. Okay, don't cut this out.
• 18:23
  Speaker 2: That is naughty. I actually like your opinion. Beck, stop
• 18:25
  Speaker 2: trying to steal Jess. Yes, Sam, or let's go to
• 18:28
  Speaker 2: a really quick break because on the flip side, we're
• 18:30
  Speaker 2: going to be talking about a money dilemma. Wanting to
• 18:32
  Speaker 2: know more about managed portfolios not managed funds, and something
• 18:37
  Speaker 2: that you slid into our DMS about what do you
• 18:40
  Speaker 2: do when your partner is getting a little bit too
• 18:42
  Speaker 2: obsessed with Black Friday? And it's definitely not from Jess's partner,
• 18:45
  Speaker 2: So you'll see you on the flip side. Guy.
• 18:51
  Speaker 4: Welcome back, everybody. Let's take a listen to this week's
• 18:54
  Speaker 4: money dilemma.
• 18:57
  Speaker 6: Hi, there, have you got a money dilemma you just
• 18:59
  Speaker 6: can't solve? The She's on the Money team is here
• 19:02
  Speaker 6: to help. Every week, we tackle your dilemmas, both big
• 19:05
  Speaker 6: and small, to answer your most burning money, career and
• 19:08
  Speaker 6: life questions. To get involved, simply head to our website
• 19:11
  Speaker 6: and leave us a short voice recording and you might
• 19:13
  Speaker 6: just find yourself on the show. Now, let's take a
• 19:16
  Speaker 6: listen to this week's money dilemma.
• 19:20
  Speaker 7: Hi, she's on the money. I have a question regarding
• 19:22
  Speaker 7: our favorite topic of investing. I currently have two different
• 19:26
  Speaker 7: apps for investing. I have a Chez's account and Better
• 19:29
  Speaker 7: Shares account. With the Chas's, I'll just have a few
• 19:32
  Speaker 7: ETFs and direct shares that I put money into when
• 19:35
  Speaker 7: I can, and the Beta shares are recently opened up
• 19:38
  Speaker 7: a high growth managed portfolio and I aim to put
• 19:41
  Speaker 7: two to three hundred a month into that. My question is,
• 19:44
  Speaker 7: are these managed portfolios actually worth it? I pay three
• 19:47
  Speaker 7: dollars a month. I know that changes per platform, per portfolio,
• 19:51
  Speaker 7: and how much you've gotten it, but I was doing
• 19:53
  Speaker 7: a bit of overreading, we would say, a bit of
• 19:55
  Speaker 7: analysis paralysis into these managed portfolios, and people say that
• 19:59
  Speaker 7: it it is not worth it, and you can just
• 20:01
  Speaker 7: kind of buy their ETFs or shares yourself.
• 20:03
  Speaker 6: Yeah.
• 20:04
  Speaker 7: I just wanted to know what your thoughts are on
• 20:05
  Speaker 7: these managed profolos and if they're were it.
• 20:07
  Speaker 2: Thanks? I love this. I think that's a really good
• 20:10
  Speaker 2: question because like, these managed portfolios online are incredibly transparent,
• 20:15
  Speaker 2: so you can go to and she mentioned Beta shares
• 20:18
  Speaker 2: and I've just gone to their website, just to make
• 20:20
  Speaker 2: sure that I've got, you know, a really good handle
• 20:23
  Speaker 2: of what's going on. And it reminds me a lot
• 20:26
  Speaker 2: of our friends at Life Sirpa. They do something really
• 20:29
  Speaker 2: really similar. I feel like they might hold your hand
• 20:31
  Speaker 2: a little bit more than just a Beta shares like
• 20:33
  Speaker 2: managed portfolio. But anyway, we can get back to that.
• 20:36
  Speaker 2: We can talk about that later. But the cool thing
• 20:38
  Speaker 2: about this is, yes, you could go in today and
• 20:42
  Speaker 2: replicate the beta shares platform, like you could log in,
• 20:45
  Speaker 2: go have a look at their website exactly like I am.
• 20:48
  Speaker 2: Have a look at their managed portfolios. They are super transparent.
• 20:51
  Speaker 2: They're like, okay, cool. If you're an aggressive investor, these
• 20:53
  Speaker 2: are the ETFs we would pick with you. The problem
• 20:56
  Speaker 2: with you going in and going, well, I don't want
• 20:58
  Speaker 2: the fees. I don't want to be associated with that.
• 21:00
  Speaker 2: I wanted, you know, do it myself. That's fantastic. You
• 21:03
  Speaker 2: could absolutely do that. But the managed portfolio part means
• 21:06
  Speaker 2: they ongoingly manage the rebalancing the construction of that portfolio.
• 21:12
  Speaker 2: They are going to choose when an ETF exits your portfolio.
• 21:16
  Speaker 2: So if they're like, oh, this one's not performing as well,
• 21:18
  Speaker 2: we're going to drop that out. They're going to pick
• 21:19
  Speaker 2: up another option and just put it into your portfolio
• 21:22
  Speaker 2: without you lifting a finger. So today, yes, they are
• 21:26
  Speaker 2: being very transparent on what they would pick, but that
• 21:29
  Speaker 2: doesn't mean it wouldn't change and be ongoingly managed. And
• 21:32
  Speaker 2: the fees are reflective of that. So that's why people
• 21:35
  Speaker 2: might ask questions like, oh, you could just do yourself.
• 21:38
  Speaker 2: You totally could. I do it myself. But every single
• 21:41
  Speaker 2: six months ish, I go back in and I analyze
• 21:44
  Speaker 2: every single one of my ETFs and I make sure
• 21:47
  Speaker 2: that they're performing the way I want. You know, I
• 21:49
  Speaker 2: might sell down some to rebalance it over because I have.
• 21:52
  Speaker 2: And we've spoken about this before, and this is probably
• 21:54
  Speaker 2: a good plug to go back and listen to the
• 21:56
  Speaker 2: episode that I did with Brooke on her investing portfolio.
• 22:00
  Speaker 2: We talk about how we have It's basically a pie chart,
• 22:04
  Speaker 2: and I know that I want fifty percent of my
• 22:06
  Speaker 2: portfolio in this particular asset, and then I break up
• 22:08
  Speaker 2: the rest of my portfolio across different assets. And then
• 22:11
  Speaker 2: every six months, I get that pie chat out and
• 22:13
  Speaker 2: I sit it in front of me and look at
• 22:14
  Speaker 2: my portfolio and go, is this still replicated? Am I
• 22:18
  Speaker 2: still comfortable with this breakdown, Do I want any changes?
• 22:21
  Speaker 2: And then, because the market always ebbs and flows, like, yes,
• 22:25
  Speaker 2: I have for this period of time invested fifty percent
• 22:29
  Speaker 2: of the amount I invest into that ETF. But let's
• 22:32
  Speaker 2: pretend it performed really well. Okay, Now my portfolio is
• 22:35
  Speaker 2: actually more than fifty percent of that ETF because it's
• 22:38
  Speaker 2: been performing so well, and I have a dividend reinvestment plan,
• 22:41
  Speaker 2: so I often will make the decision to sell down
• 22:44
  Speaker 2: some of that stock and redistribute it into the other
• 22:47
  Speaker 2: parts of my portfolio so I can maintain the percentages
• 22:50
  Speaker 2: I have chosen. They do that for you, Yeah, so
• 22:53
  Speaker 2: they're going to have the finger on the pulse and
• 22:54
  Speaker 2: all you have to do is keep sending money their way.
• 22:56
  Speaker 2: They are going to charge a fee for that service,
• 22:59
  Speaker 2: but for most people, that is a fee that is
• 23:02
  Speaker 2: worthy of paying. And I won't talk about beta shares specifically,
• 23:06
  Speaker 2: that's just what this community member has written in about.
• 23:09
  Speaker 2: But there are lots of different managed portfolio options on
• 23:12
  Speaker 2: the market where they say, hey, JS, we'll manage it
• 23:16
  Speaker 2: for you. Yeah, and like to me, if you don't
• 23:19
  Speaker 2: want to have as high a touch option as you know,
• 23:22
  Speaker 2: when I go into my shares is account and I
• 23:23
  Speaker 2: have to look at my portfolio and go, oh, what's
• 23:25
  Speaker 2: that looking like? Perfect? Some of us don't want that,
• 23:29
  Speaker 2: but we want that middle ground between. Well, I'd love
• 23:33
  Speaker 2: to do it myself because I love the idea of
• 23:34
  Speaker 2: those fees. I don't want to go see a financial
• 23:37
  Speaker 2: advisor because I don't want to pay those fees, but
• 23:39
  Speaker 2: I still want more support than DII. Does that make sense, Yeah, totally.
• 23:43
  Speaker 4: Yeah. My only thing with the an issue that I
• 23:45
  Speaker 4: would just flag is that I think the beta shares
• 23:47
  Speaker 4: one from a cursory look, I'm not super familiar with
• 23:50
  Speaker 4: it personally, but I think it's just ETFs they manage.
• 23:52
  Speaker 2: Yeah, so that's just what they've constructed their portfolio of.
• 23:55
  Speaker 2: For some other managed funds, you might find that they
• 23:59
  Speaker 2: are a managed fund and they hold twelve different direct
• 24:01
  Speaker 2: shares that they manage, and they would chop and change
• 24:03
  Speaker 2: out of that, and it would really depend on the
• 24:06
  Speaker 2: company issuing them. I'm not surprised, and I quite like
• 24:09
  Speaker 2: Beta shares as a business. They are fantastic. But if
• 24:13
  Speaker 2: you've not heard of them before, they are one of
• 24:15
  Speaker 2: the biggest issuers of ETFs in Australia. So they've clearly seen, well,
• 24:19
  Speaker 2: we construct ETFs all the time, let's put this product
• 24:22
  Speaker 2: over the top and have a different team pick from
• 24:25
  Speaker 2: basically all our ETFs to create a portfolio that ongoingly
• 24:30
  Speaker 2: is managed for a client. It's good business from them
• 24:33
  Speaker 2: from my perspective. But then the other thing I would
• 24:36
  Speaker 2: say there is if you're going to go to a
• 24:40
  Speaker 2: beta shares, it's like going and seeing a mortgage broker
• 24:42
  Speaker 2: who works for a bank. So you're only going to
• 24:45
  Speaker 2: get beta shares ETF options. They're not going to go
• 24:47
  Speaker 2: pick a vanguard option because that's not in their best interests.
• 24:51
  Speaker 2: So that's where if you're looking at this and going, oh,
• 24:53
  Speaker 2: that actually sounds really good, v Like, I love the
• 24:55
  Speaker 2: managed portfolio idea, but you're going to go direct to
• 24:59
  Speaker 2: an ETF, I can guarantee all of their managed portfolios
• 25:03
  Speaker 2: are just made up of different selections of their product.
• 25:06
  Speaker 2: You're not getting the whole market, whereas a product like
• 25:08
  Speaker 2: life Sherpa would be able to actually just they might
• 25:12
  Speaker 2: have a beta shares, they might have a vanguard that
• 25:14
  Speaker 2: might be looking at a black rock over here, and
• 25:16
  Speaker 2: they kind of take everything on the market and then
• 25:19
  Speaker 2: construct your managed portfolio.
• 25:20
  Speaker 4: Yeah, and they're a nice middle ground two in terms
• 25:22
  Speaker 4: of price point because they don't do like a full
• 25:25
  Speaker 4: written advice and it doesn't come with the expense that
• 25:28
  Speaker 4: we know is really prohibitive.
• 25:29
  Speaker 2: To a lot of people.
• 25:29
  Speaker 4: Whereas you know the way that they do it. They
• 25:32
  Speaker 4: do a little bit of robo but they also have
• 25:33
  Speaker 4: people there that you can pick up the phone and
• 25:35
  Speaker 4: speak to. So it's a little bit of a step
• 25:37
  Speaker 4: further than the managed fund with beta shares, where I
• 25:40
  Speaker 4: think you just buy it, or any managed fund, you
• 25:42
  Speaker 4: just buy it and you know, let it tick away
• 25:44
  Speaker 4: in the background. Sometimes you know, people want a person there.
• 25:47
  Speaker 4: So that makes it a really good I guess next
• 25:49
  Speaker 4: stepping option across the spectrum.
• 25:51
  Speaker 2: Yeah, and the last thing I want you guys to
• 25:53
  Speaker 2: take from that is like, oh, the beta shares is
• 25:55
  Speaker 2: not a good option. It is, but that's why I
• 25:58
  Speaker 2: want you to look at all of your options on
• 25:59
  Speaker 2: the table, but then also have the pros and cons,
• 26:02
  Speaker 2: Like beta shares do great ETFs, they have really good performance,
• 26:06
  Speaker 2: they have a really good track record. They may have
• 26:08
  Speaker 2: top five every year, yeah, but they're always in our
• 26:10
  Speaker 2: top five. I've met with so many people on their
• 26:13
  Speaker 2: team before they are so delightful. But it would be
• 26:17
  Speaker 2: a miss of me to not be really pragmatic about going. Okay, cool,
• 26:20
  Speaker 2: but it is like going direct to the bank for
• 26:22
  Speaker 2: a loan and not looking for the rest of the
• 26:25
  Speaker 2: options that might be on the table that maybe suit
• 26:27
  Speaker 2: you a little bit better. But you could also go.
• 26:30
  Speaker 2: But I really like be I'm the same as you.
• 26:32
  Speaker 2: I really trust them, I'm miss I'm that. So you
• 26:34
  Speaker 2: just go with the beta shares option. It's not necessarily
• 26:37
  Speaker 2: going to impact your performance because every ETF issue are
• 26:41
  Speaker 2: is going to construct them in a way where they're
• 26:43
  Speaker 2: trying to perform their best too. Yeah, so is it
• 26:45
  Speaker 2: the worst? No, But I also want you to have
• 26:48
  Speaker 2: like the black and the white and make the decision
• 26:51
  Speaker 2: for yourself. I'm not going to be like, yep, fantastic option,
• 26:53
  Speaker 2: off you go. Yeah, but yeah, you'll never get that
• 26:56
  Speaker 2: from me. I'm so sorry. No, it's so fair.
• 26:57
  Speaker 5: That's great advice. I this is in my wheelhouse. But
• 27:03
  Speaker 5: I trust everything you say. Oh thanks, babe, always haven't
• 27:07
  Speaker 5: always will.
• 27:08
  Speaker 2: The next ones for you? Don't you? Would you like
• 27:11
  Speaker 2: to hear the next one? Absolutely? All right, So we're
• 27:14
  Speaker 2: going to slide on into our DMS and read out
• 27:17
  Speaker 2: one of the spiciest ones we got this week, which surprisingly,
• 27:21
  Speaker 2: my favorite part about this is it's anonymous for you
• 27:23
  Speaker 2: guys and every single one of our listeners. I know
• 27:26
  Speaker 2: who you are already looked at your Instagram profile. It's James.
• 27:29
  Speaker 2: Imagine that's where I go and to ruin our own fun,
• 27:33
  Speaker 2: Beck was it wasn't James. But that's okay, so hey,
• 27:38
  Speaker 2: she's on the money. I'm starting to get anxious about
• 27:40
  Speaker 2: Black Friday. Normally, my partner and I are on exactly
• 27:43
  Speaker 2: the same page with money. We share finances and we're
• 27:46
  Speaker 2: not big spenders. We've got other goals that we're currently
• 27:48
  Speaker 2: working towards. But it's like something flips in him every
• 27:53
  Speaker 2: single year. Every time something he wants comes up, he says,
• 27:57
  Speaker 2: I'm going to add it to the Black Friday list,
• 27:58
  Speaker 2: and then his lips get out of control. I get
• 28:02
  Speaker 2: that technically we save money if we shop during Black Friday,
• 28:05
  Speaker 2: but to me, the list is not essential things that
• 28:08
  Speaker 2: we actually need. I don't want to come across as
• 28:11
  Speaker 2: controlling or like I'm telling him what he can and
• 28:13
  Speaker 2: can't spend money on. But I also feel like he's
• 28:15
  Speaker 2: falling right into what the sales are designed to make
• 28:18
  Speaker 2: us do, which is overspend. How do I get him
• 28:21
  Speaker 2: to see that? And what would you do for you?
• 28:23
  Speaker 4: And me?
• 28:24
  Speaker 2: Well, how the tables have turned?
• 28:26
  Speaker 3: Who and I love it?
• 28:27
  Speaker 2: You're like, the guy's the bigger spender. Oh yeah, yeah,
• 28:30
  Speaker 2: that's a silly little girl thing. Men do it too, Absolutely.
• 28:33
  Speaker 2: Men spend money and they go, oh, good on you, mate,
• 28:36
  Speaker 2: you deserved that, or good investment. I spend a boat frivolous. Yeah, okay,
• 28:42
  Speaker 2: So what would I do?
• 28:43
  Speaker 5: I think, first of all, the fact that this person
• 28:45
  Speaker 5: has enough self control, your partner has enough self control
• 28:49
  Speaker 5: to be like, I'm going to add this to the
• 28:51
  Speaker 5: list of things that I want to buy when it's
• 28:53
  Speaker 5: really heavily reduced. I think that is incredible. It's an
• 28:56
  Speaker 5: incredible place to start. But I also think, like, in
• 28:59
  Speaker 5: the it probably feels like there are things that you
• 29:01
  Speaker 5: guys don't need, but like maybe because there are so
• 29:04
  Speaker 5: many things that bring us joy, and the fact that
• 29:07
  Speaker 5: he's putting these on a like in a list of
• 29:10
  Speaker 5: things to buy in the future means that it's very likely.
• 29:14
  Speaker 5: I don't know if this happens, because you see, you
• 29:15
  Speaker 5: do seem to be worried that it's all all everything
• 29:18
  Speaker 5: in the list is staying in the list. But I
• 29:20
  Speaker 5: think if you spend you kind of wait a long time,
• 29:22
  Speaker 5: like as you say, VD, like leave twenty four hours
• 29:25
  Speaker 5: between you and your purchase, then you kind of end
• 29:29
  Speaker 5: up being like, oh, I don't really need that anyway.
• 29:30
  Speaker 5: So I feel like having a list of things that
• 29:33
  Speaker 5: are just like luxury items is a good idea to
• 29:34
  Speaker 5: have anyway, because it's probably they're probably not all going
• 29:38
  Speaker 5: to make it when it comes to Black Friday time.
• 29:40
  Speaker 5: But I think like allow each other those little treasures
• 29:44
  Speaker 5: and honestly thank your lucky goddamn stars that they are
• 29:48
  Speaker 5: not like me, and just like, oh my god, I
• 29:50
  Speaker 5: want that. I'm going to buy that right now. I
• 29:52
  Speaker 5: don't even care to take a line of credit out.
• 29:54
  Speaker 5: I don't have to get a credit card or after pay.
• 29:57
  Speaker 2: I do not care. There's nothing that's stopping me from
• 30:00
  Speaker 2: And then Matt go back up, we're working on that
• 30:01
  Speaker 2: right now.
• 30:03
  Speaker 8: No judgment, Yeah, I would just say, but obviously, like
• 30:06
  Speaker 8: if these things are like if it's kind of gotten
• 30:08
  Speaker 8: to the point where it's like I don't care if
• 30:09
  Speaker 8: it financially ruins us, I'm buying these at Black Friday,
• 30:12
  Speaker 8: no matter what.
• 30:13
  Speaker 2: That's a different story. But if it's like.
• 30:15
  Speaker 5: They're not going to financially cripple us, it's just like, hey,
• 30:17
  Speaker 5: you don't need to be like buying these luxury items.
• 30:19
  Speaker 2: We don't need them.
• 30:21
  Speaker 5: Then you know, maybe whittle it down to two or
• 30:25
  Speaker 5: three things that bring you joy and then just stick
• 30:27
  Speaker 5: with those per year. But I wouldn't worry too much personally.
• 30:31
  Speaker 2: I would be interested to know. I want to see
• 30:33
  Speaker 2: the list. I'm so desperate. I would love to see
• 30:35
  Speaker 2: the list.
• 30:35
  Speaker 4: I totally agree our listeners on the money in the
• 30:37
  Speaker 4: sense when they say that, you know, the marketing sales.
• 30:40
  Speaker 2: Periods are designed.
• 30:41
  Speaker 4: You know, they're built with strategies that utilize psychology and
• 30:44
  Speaker 4: things like that to make us spend as much money
• 30:46
  Speaker 4: as possible. Like, let's be really upfront, that's the ultimate
• 30:48
  Speaker 4: goal of all of these companies is to sell as
• 30:50
  Speaker 4: much product as they can and make as much money
• 30:52
  Speaker 4: as they.
• 30:52
  Speaker 2: Can, and they're doing it really well. It do me
• 30:54
  Speaker 2: really well.
• 30:55
  Speaker 4: I think that, as we have said on the show
• 30:57
  Speaker 4: many times, you can utilize these sales to your advantage.
• 31:00
  Speaker 4: Something that you are going to buy anyway, whether it's
• 31:02
  Speaker 4: a necessity, whether it is a little treaty treat we
• 31:04
  Speaker 4: were talking about, like the Ninja products on like.
• 31:06
  Speaker 2: The Amazon Prime Day sales.
• 31:07
  Speaker 4: If that's something that you knew was on you know,
• 31:09
  Speaker 4: Christmas list for the kids or something like that, and
• 31:11
  Speaker 4: you were going to make the purchase anyway, it does
• 31:13
  Speaker 4: make sense to buy it on sale. What I would
• 31:15
  Speaker 4: be interested to know is is your husband keeping this
• 31:19
  Speaker 4: list throughout the year not spending incidentally throughout the youngs
• 31:24
  Speaker 4: fun money is banking up and going hard during Black Friday,
• 31:28
  Speaker 4: because in that instance, I actually think that it may
• 31:31
  Speaker 4: not be so bad. And the way that you can
• 31:32
  Speaker 4: crash check this is do you have a budget. If
• 31:34
  Speaker 4: you have a budget, do you have fun money allocated?
• 31:37
  Speaker 4: If you do, you maybe spending your fun money every month,
• 31:40
  Speaker 4: Like this's what I do. I we have a certain
• 31:42
  Speaker 4: amount that I say I can spend this every month,
• 31:44
  Speaker 4: and I do.
• 31:45
  Speaker 2: Every month I spend it. She's really good at it. Actually,
• 31:48
  Speaker 2: we talk about it in the office like the other
• 31:50
  Speaker 2: day one of our team members, because we've been on
• 31:52
  Speaker 2: work trips and like in and out of the office
• 31:54
  Speaker 2: a lot recently. She's like, be my fun money from
• 31:57
  Speaker 2: the last few weeks has banked up now I have
• 32:00
  Speaker 2: extra fun money dream and now I have analysis paralysis
• 32:03
  Speaker 2: over how I can spend it.
• 32:05
  Speaker 4: That's what I mean, right, So if he had fun
• 32:06
  Speaker 4: money throughout the year and he wasn't spending it, yeah,
• 32:09
  Speaker 4: you know, if you guys don't have a firm budget
• 32:11
  Speaker 4: system in place, it might be a little bit harder
• 32:13
  Speaker 4: to track.
• 32:14
  Speaker 2: But I would just keep that as a consideration because.
• 32:16
  Speaker 4: I think if one of you is maybe spending within
• 32:19
  Speaker 4: your means throughout the year and one of you isn't,
• 32:21
  Speaker 4: it's not the worst thing. If that's all then being
• 32:23
  Speaker 4: spent during sale time. If that's not the case, then
• 32:26
  Speaker 4: he has just gone a little bit buck while going whoa,
• 32:28
  Speaker 4: it's all on sale, which, like I mean, we've all
• 32:30
  Speaker 4: been there. I think it is just a matter of
• 32:32
  Speaker 4: maybe sitting him down, running the numbers a little bit.
• 32:35
  Speaker 2: I feel like that's what I always come back to you.
• 32:36
  Speaker 2: I just want to know what's on the list, Like
• 32:38
  Speaker 2: only you're not saying it's essential, but like why is
• 32:41
  Speaker 2: it on a list ongoingly? It's not like an impulse
• 32:45
  Speaker 2: purchase from the way that you've written it. It's like
• 32:47
  Speaker 2: a list that he's been tracking, like it might be
• 32:50
  Speaker 2: you know, like Jess the Ninja and you really really
• 32:53
  Speaker 2: want it. It's been your list for ages and you've
• 32:54
  Speaker 2: been thinking about it and thinking about it, and you're like, no,
• 32:56
  Speaker 2: I'm happy to spend that couple of hundred dollars and
• 32:59
  Speaker 2: I want to get the best steal. Is that what
• 33:01
  Speaker 2: it is? Or is it just like he just sees
• 33:03
  Speaker 2: it as free money and he's been making this laundry
• 33:06
  Speaker 2: list of luxury products you guys genuinely do not need
• 33:08
  Speaker 2: and you don't even know if he's going to use them,
• 33:10
  Speaker 2: and he doesn't check the list twice. He's like, I'm
• 33:12
  Speaker 2: just going to buy the list when it comes up,
• 33:14
  Speaker 2: Like I want to know the mentality around that. But
• 33:17
  Speaker 2: same as Jess, Like what's your budget look like? And
• 33:21
  Speaker 2: what does your fun money allocated look like? And maybe
• 33:24
  Speaker 2: we're not even questioning the list, Like maybe we're sitting
• 33:26
  Speaker 2: down and being like, hey, like we're planning on doing
• 33:28
  Speaker 2: some spending in the future or around Black Friday, Like
• 33:32
  Speaker 2: what do we actually have budgeted for this? Like what
• 33:35
  Speaker 2: off the list can we afford to get or not?
• 33:38
  Speaker 2: As opposed to like breaking down his list in his
• 33:40
  Speaker 2: middle ground, only carefully curated for a specific purchase and
• 33:45
  Speaker 2: you know, you might come to the conclusion together. You
• 33:47
  Speaker 2: know what, you don't need a new TV. You already
• 33:49
  Speaker 2: have a TV and that one works really well. But
• 33:52
  Speaker 2: to him it might be a more of a priority
• 33:54
  Speaker 2: than you thought it was, So I don't think breaking
• 33:56
  Speaker 2: down the list first is maybe the wisest decision. Then
• 34:00
  Speaker 2: you're telling him kind of that his values aren't as
• 34:02
  Speaker 2: valid as what you think they are. And I wouldn't
• 34:05
  Speaker 2: want anyone to feel bad about their decisions around money,
• 34:07
  Speaker 2: especially sorry you're starting a list, you're checking it twice
• 34:11
  Speaker 2: a find out who's not or not exactly what we
• 34:13
  Speaker 2: got to exactly. And the other additional layer is maybe
• 34:17
  Speaker 2: you could open the conversation up about, hey, how do
• 34:20
  Speaker 2: we make the most of these sales? Christmas is coming up?
• 34:24
  Speaker 2: You know, it's my friend's birthday coming up, and I
• 34:26
  Speaker 2: know that it's like her thirtieth, so I know I'm
• 34:28
  Speaker 2: going to be buying a present. Should we be talking
• 34:30
  Speaker 2: about all of those things now, so that the sales
• 34:33
  Speaker 2: are not just you know, benefiting us and luxury items
• 34:36
  Speaker 2: that we want to buy, but also putting us in
• 34:38
  Speaker 2: a better financial position. Because I don't think a lot
• 34:40
  Speaker 2: of people and I have this year right there, Christmas
• 34:44
  Speaker 2: lists early enough to then go oh, I've picked up
• 34:46
  Speaker 2: Becks and Jesses and this and that during a sale,
• 34:49
  Speaker 2: because the closer you get to Christmas, the less sales
• 34:52
  Speaker 2: there are going to be. There's going to be a
• 34:53
  Speaker 2: whole heap of promotion. They're going to say that things
• 34:55
  Speaker 2: are discounted, but they're never as discounted as they are
• 34:58
  Speaker 2: during Black Friday or host Black Friday, just because they
• 35:02
  Speaker 2: know that you're more desperate for it and you're going
• 35:03
  Speaker 2: to pay for it. Yeah, you're not going to find
• 35:05
  Speaker 2: sales on Christmas Eve, baby cakes, that's not going to happen.
• 35:08
  Speaker 2: They know that you're now desperate buying yeah, and that
• 35:12
  Speaker 2: wasn't maybe a planned purchase, and they're going to make hey,
• 35:14
  Speaker 2: well the sun is shining basically. So we obviously also
• 35:17
  Speaker 2: asked the community because sorry, my favorite thing is your opinion.
• 35:21
  Speaker 2: Couldn't agree more. Oh I love reading through this and
• 35:23
  Speaker 2: being like, oh, that's spicy. So we first said what
• 35:28
  Speaker 2: would you do if you were our community member? This
• 35:30
  Speaker 2: was pretty split. Forty five percent of you said separate spending,
• 35:34
  Speaker 2: budget limits and the other forty five percent said compromised
• 35:38
  Speaker 2: with a shared agreed list seven percent of you said
• 35:42
  Speaker 2: leave him to spend however he wants, and two percent
• 35:45
  Speaker 2: said I'd push to skip Black Friday altogether. Okay, fine.
• 35:50
  Speaker 2: Next question I asked was what are your Black Friday vibes?
• 35:54
  Speaker 2: Thirty eight percent of you very she's on the money,
• 35:57
  Speaker 2: said I'm going to use it for Christmas gifts only gorgeous.
• 36:00
  Speaker 2: Thirty five percent of you said managed to stick to
• 36:02
  Speaker 2: my list and my budget. Seventeen percent of you said
• 36:05
  Speaker 2: I'm actually unsubscribing from everything Black Friday, and then ten
• 36:09
  Speaker 2: percent of you said get carried away and I am overspending. Yeah.
• 36:14
  Speaker 2: We then said, all right, what's your two cents on
• 36:16
  Speaker 2: this question? First person said, I put money away each
• 36:19
  Speaker 2: month for Black Friday sales. I do have a list
• 36:22
  Speaker 2: of essentials for myself, and I also have a plan
• 36:24
  Speaker 2: for my Christmas shop. Brilliant. Next person said, spending on
• 36:27
  Speaker 2: something you don't need because it's on sale is not saving.
• 36:30
  Speaker 2: It is still spending. I love that quote. That's one
• 36:33
  Speaker 2: of my favorite quotes because it you're true. I feel
• 36:35
  Speaker 2: like we say it in the office all the time
• 36:36
  Speaker 2: and people are like, oh my god, it was like
• 36:38
  Speaker 2: forty percent off, and we're like, was it or did
• 36:40
  Speaker 2: you play sixty percent true. Oh, if you were in
• 36:44
  Speaker 2: the office more often, Beck, I think you would be
• 36:46
  Speaker 2: horrified at the conversations we have. Like the other day,
• 36:49
  Speaker 2: I was talking to one of our team members who
• 36:51
  Speaker 2: really wants the new iPhone, and I was just like same, yeah.
• 36:55
  Speaker 2: I was like, you don't need it. She's like, yeah,
• 36:57
  Speaker 2: I do. Like it's got a better camera. And I
• 36:59
  Speaker 2: was like, you've got a camera. You do not need
• 37:02
  Speaker 2: another one camera. Yeah. No, sorry, I'm just no, no, no,
• 37:06
  Speaker 2: You've got a phone that works. And these things come
• 37:08
  Speaker 2: out every single twelve months, So another twelve months from now,
• 37:10
  Speaker 2: you're going to be wanting the iPhone eighteen? So do
• 37:13
  Speaker 2: you want that one? Like, let's just put it off, Like, well,
• 37:15
  Speaker 2: you've got something that works. Yeah. Oh yeah, we're savages
• 37:19
  Speaker 2: in the office. That's a great point. We're much kinder
• 37:21
  Speaker 2: to the community than we are to each other in
• 37:24
  Speaker 2: the office. Down. Yeah, we're like Jessica, put it down,
• 37:27
  Speaker 2: just step away from the next person said the over
• 37:30
  Speaker 2: consumption and american ness actually just gives me the ex
• 37:33
  Speaker 2: so I skip. Next person said, do you have a
• 37:36
  Speaker 2: shared goal that his spending is going to interfere with
• 37:40
  Speaker 2: or are you better? And I'll do two more. Next
• 37:43
  Speaker 2: person said, it's not a sale if they hike the
• 37:45
  Speaker 2: price for the month before, then bring it back down
• 37:47
  Speaker 2: for like Friday.
• 37:48
  Speaker 4: That's always worth checking because some people do do that
• 37:51
  Speaker 4: some places.
• 37:52
  Speaker 2: True. And then someone said, I will only ever order
• 37:55
  Speaker 2: something if it's like fifty percent off, not the silly
• 37:58
  Speaker 2: five to twenty percent. Impletely agree. Do you get that anytime? Yeah? Absolutely?
• 38:02
  Speaker 2: All right, Well That's where I'm going to leave it there.
• 38:04
  Speaker 2: But I do feel like I just need to have
• 38:06
  Speaker 2: a values conversation. What's a comeback to jess communication that's
• 38:10
  Speaker 2: been so wild for a wild all right, will have
• 38:13
  Speaker 2: a good rest of the day, guys, and we'll see
• 38:15
  Speaker 2: you bright and early on Monday morning for a money
• 38:17
  Speaker 2: Darry Bye, Bye, guys. Bye.
• 38:25
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• 38:27
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