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MONEY DIARIES: A breakup and budgeting journey · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money.
• 0:23
  Speaker 3: Hello, and welcome to She's on the Money, the podcast
• 0:26
  Speaker 3: for millennials who want financial freedom. My name is Tony Lodge,
• 0:30
  Speaker 3: and joining me for another shotback Money Diary is Victoria Devine.
• 0:34
  Speaker 4: Hello, Hello, my friend. How are you?
• 0:37
  Speaker 1: I'm good?
• 0:38
  Speaker 2: Thank you. I'm very excited about this money Diary.
• 0:40
  Speaker 1: As always, I don't know.
• 0:41
  Speaker 4: What it's about yet, Tony, you always keep the goods
• 0:44
  Speaker 4: to yourself until it's almost too late. I do.
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  Speaker 2: But do you want me to read the email?
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  Speaker 4: I really want you to read the email out. Let's
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  Speaker 4: go all.
• 0:52
  Speaker 2: Right, here we go.
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  Speaker 3: After my eleven year relationship ended January twenty twenty, I
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  Speaker 3: did up and sold our home while still living in
• 1:00
  Speaker 3: it with my ex, took my profit and my dog,
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  Speaker 3: and started fresh.
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  Speaker 2: For the first time ever. I learned to budget.
• 1:06
  Speaker 3: I saved all the money needed to move without dipping
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  Speaker 3: into savings.
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  Speaker 4: Oh that's actually really impressive.
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  Speaker 3: I invested in an American Classic car and am saving
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  Speaker 3: to have financial security while I transitioned to director of
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  Speaker 3: the family business solo and buy my own industrial SHD.
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  Speaker 4: This is not where I saw that email going when
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  Speaker 4: you said, oh it broke up with my partner of
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  Speaker 4: eleven years. I was like, okay, cool, Like no, this
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  Speaker 4: is a hustler. I love this.
• 1:32
  Speaker 3: She's living her best life and we have her on
• 1:34
  Speaker 3: the phone at the moment. Hello money, Diaris, you didn't.
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  Speaker 4: Even need your partner. I love that.
• 1:40
  Speaker 3: Well, apparently the partner was weighing you down, is what
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  Speaker 3: I'm hearing.
• 1:43
  Speaker 4: Feel like it. So let's get straight into a money dirry.
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  Speaker 4: As always, We've got some structured questions and then I
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  Speaker 4: have some perfect questions that I'm going to want to
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  Speaker 4: ask you at the end. So first things first, what
• 1:58
  Speaker 4: is your attitude awards money?
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  Speaker 5: My attitude towards money is a combination of security and freedom.
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  Speaker 5: So if I have money, I have security to know
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  Speaker 5: that I can get myself out of trouble, I can
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  Speaker 5: take care of my pet, I can make sure I
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  Speaker 5: have a roof over my head, and I have the
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  Speaker 5: freedom to make whatever choices I want to make.
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  Speaker 4: I love that and I feel like that's so important
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  Speaker 4: as well. Has that been something that you've always had
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  Speaker 4: or is that a new found view of money or
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  Speaker 4: is this just something that's been ingrained in your money
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  Speaker 4: story from the beginning.
• 2:35
  Speaker 5: I think a bit of a combination. So I work
• 2:39
  Speaker 5: for my family business. My dad has worked ridiculously hard
• 2:42
  Speaker 5: my whole life, so I was always used to knowing
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  Speaker 5: that money was always there. So but the money allowed
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  Speaker 5: us to have the life we had, but it meant
• 2:52
  Speaker 5: working hard to be able to afford to have that.
• 2:54
  Speaker 5: But at the same time, the security probably only came
• 2:57
  Speaker 5: for me when I was in my twenties. I moved
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  Speaker 5: to the UK, and there were loads of times like
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  Speaker 5: I was only legally supposed to be working for a
• 3:05
  Speaker 5: small period of time, so I was Yeah.
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  Speaker 4: I been a bit cheeky.
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  Speaker 1: I had to make Yeah, been a bit cheeky, and
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  Speaker 1: I needed There were times.
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  Speaker 5: When I run out of money and I remember being
• 3:14
  Speaker 5: in taxis and going out for the night and only
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  Speaker 5: having like five pounds going. I don't know how I'm
• 3:19
  Speaker 5: going to get myself home, but I'm going to go
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  Speaker 5: and live my best life anyway.
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  Speaker 1: Oh, I remember being that. I think the nail and
• 3:27
  Speaker 1: the coffin was. I was in London. I worked in
• 3:30
  Speaker 1: the music industry.
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  Speaker 5: I was in London and I had to try and
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  Speaker 5: get myself back to where I lived, which was like
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  Speaker 5: two hours train ride away, and I literally had one
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  Speaker 5: train ticket and I didn't know what trains I was
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  Speaker 5: supposed to get on, and I have five pounds in
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  Speaker 5: my purse and I had to figure out how to
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  Speaker 5: get home. And I think the fear of running out
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  Speaker 5: of money just scared the hell out of me, and
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  Speaker 5: it stuck ever since. So I always like to see
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  Speaker 5: X amount of money in my account.
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  Speaker 1: It's obsessive, but.
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  Speaker 4: That is okay because I feel like you've learnt from
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  Speaker 4: that experience. And it's funny because I've actually heard that
• 4:07
  Speaker 4: from a number of people that there's this point in
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  Speaker 4: time where it was the line in the sand. It
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  Speaker 4: was then I'm going to learn how to budget, or
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  Speaker 4: I'm going to change the way I'm doing this. I
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  Speaker 4: can't keep doing this, because I'm sure it wasn't the
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  Speaker 4: first time that you'd had five pounds in your person.
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  Speaker 4: You went out and found your way home, but there's
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  Speaker 4: always this line in the sand right where you're like, oh, away,
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  Speaker 4: this can't keep happening. This is too stressful or too much,
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  Speaker 4: or something has changed and I need to get it together.
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  Speaker 1: Yeah.
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  Speaker 5: Well that was a really long time ago, and I
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  Speaker 5: still didn't learn how to budget.
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  Speaker 1: After that.
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  Speaker 5: I just made sure I didn't spend money like I
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  Speaker 5: just had more money.
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  Speaker 1: I just had more money.
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  Speaker 5: I was just like, I'll just stop buying stuff and
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  Speaker 5: make sure that this money stays where it is.
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  Speaker 1: And then yeah, that was it.
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  Speaker 5: The fear of not being able to get home and
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  Speaker 5: being secure and knowing I.
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  Speaker 1: Could do what I wanted to do. It changed everything.
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  Speaker 4: Okay, so what do you do for work and how
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  Speaker 4: much money do you earn?
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  Speaker 1: I'm an electrician, I'm not really fool.
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  Speaker 5: Yeah, I'm actually now also a company director and I
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  Speaker 5: currently earn ninety thousand plus vehicles on a phone.
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  Speaker 3: Whoa very awesome. Yeah, so is that working with your family?
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  Speaker 1: Yeah, that's smoking of my family, and.
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  Speaker 2: You're about to become the director of that business.
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  Speaker 1: Is that right?
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  Speaker 5: As of July first, I'm co director of the company.
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  Speaker 4: Oh, she's fancy. How Like? I obviously run a business,
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  Speaker 4: but I don't do that with my family. I think
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  Speaker 4: I would go up the hall. How do you manage that?
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  Speaker 4: My friend?
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  Speaker 1: Well, it's really easy when it's just me and my dad.
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  Speaker 5: It was harder when actually that exit I broke up
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  Speaker 5: with last year. He and I also used to work together.
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  Speaker 5: These days, it seems easier. My dad is incredibly relaxed,
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  Speaker 5: so he makes it easy.
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  Speaker 4: Yeah, that is so nice. I feel like my parents
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  Speaker 4: would be that way. But sorry, Alex, I feel like
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  Speaker 4: if my sister and I went into business together, we'd
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  Speaker 4: just revert to being that thirteen and sixteen year old
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  Speaker 4: who wanted to bite each other's head off.
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  Speaker 2: I don't think there's a lot of sisters that could
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  Speaker 2: do it.
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  Speaker 4: I'm not those sisters, Like I love her dearly now,
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  Speaker 4: but like that's how it would go if we went
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  Speaker 4: into business together.
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  Speaker 5: I feel, yeah, my I don't have anything to do
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  Speaker 5: with the company business.
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  Speaker 4: I'm not how we go out, but we don't love you.
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  Speaker 4: It's that we love you too much.
• 6:40
  Speaker 1: If we love you from a distance.
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  Speaker 4: All right, money, Diaris, Do you currently have a big
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  Speaker 4: money goal?
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  Speaker 1: I do.
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  Speaker 5: Last year I declared I was going to save one
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  Speaker 5: hundred thousand dollars for a deposit, and I decided that
• 6:58
  Speaker 5: I wanted to buy an industrial.
• 7:00
  Speaker 1: Yes, yeah, I figure I can live anywhere, but.
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  Speaker 5: A lot of my customers are based in a certain spot,
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  Speaker 5: so if I can keep my work roaders, I can
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  Speaker 5: live anywhere.
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  Speaker 1: I like.
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  Speaker 4: Oh, I love that, And how are you tracking for
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  Speaker 4: that goal?
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  Speaker 1: I'm at the halfway mark.
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  Speaker 2: Oh already yeah, so fifty grand yeah.
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  Speaker 4: Oh god, congratulations, thanks What a hustler. I thought you
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  Speaker 4: were going to say, yeah, like we're getting there, like no, halfway,
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  Speaker 4: oh halfway.
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  Speaker 1: Yeah.
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  Speaker 5: Last year, when I were my household, I decided, I
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  Speaker 5: was like, I want to I'm going to buy something
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  Speaker 5: and I'm going to put down a damn big deposit
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  Speaker 5: for that. And a friends of mine were like, you know,
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  Speaker 5: one hundred thousands a lot of money. I'm like, yep,
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  Speaker 5: I'm coming for it.
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  Speaker 4: Yes you are, and you're already halfway there. And I
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  Speaker 4: love that this story has already gone from like yeah, sorry,
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  Speaker 4: there was this time that I had five pounds in
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  Speaker 4: my purse and that was literally it to like me
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  Speaker 4: just a casual fifty g's sitting in my account. And
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  Speaker 4: also I only recently decided to start saving that, all right.
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  Speaker 4: Next question, do you currently have any investments?
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  Speaker 1: I This one's funny.
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  Speaker 5: I actually have a little bit in spaceship, but my
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  Speaker 5: dad has been doing share trading since oh the early
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  Speaker 5: two thousands, so sorry, my dad's been doing shared trading
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  Speaker 5: since the early two thousands. So I've actually had my
• 8:30
  Speaker 5: eye on a certain stock for the past month.
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  Speaker 4: Also, I was going to dive bulge what that stock.
• 8:38
  Speaker 5: Is I can it's probably I think it's controversial.
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  Speaker 1: I know a lot of people probably wouldn't agree with
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  Speaker 1: the choice.
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  Speaker 4: I want to hear it.
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  Speaker 5: Yeah, so I'm actually looking at BHP shares.
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  Speaker 4: Oh okay, And why is that? I love asking people
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  Speaker 4: when they're being specific about shares about like why would
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  Speaker 4: you look at that? Or what is your mote? Because
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  Speaker 4: we're all different, And to be honest, HP have been
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  Speaker 4: a pretty well performing share over the last what thirty
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  Speaker 4: forty years, So I don't think it's the worst thing
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  Speaker 4: to look at.
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  Speaker 1: No, it's not.
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  Speaker 5: And at the moment, since they had the deal with Woodside,
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  Speaker 5: the share starts to go down, and then obviously everything
• 9:18
  Speaker 5: else in the economy is going down. I chose it
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  Speaker 5: because I've been looking last year. So when I sold
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  Speaker 5: my house, I went right, sell the house. I'm investing.
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  Speaker 5: I'm going to invest in bank shares. But selling a
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  Speaker 5: house setting up a whole new life life got away
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  Speaker 5: with me and I just didn't. So then I came
• 9:37
  Speaker 5: back to it this year and just couldn't pick anything.
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  Speaker 1: And I figured, you know what, you're in.
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  Speaker 5: A trade, you're in an industry, stick with something that
• 9:44
  Speaker 5: makes sense to you this I work in industrial electrical
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  Speaker 5: so this sort of stuff's probably more down my alley.
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  Speaker 5: And a friend of mine said, have you looked at
• 9:53
  Speaker 5: doing like BEHP or something like that, And I went, oh, okay,
• 9:56
  Speaker 5: I'll start looking, and that's what planned the seed and
• 9:59
  Speaker 5: then I I just spent hours looking.
• 10:02
  Speaker 4: See there's always a reason. There's never like, oh, someone
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  Speaker 4: just told me to look at it. There's always like
• 10:07
  Speaker 4: a background, And from my perspective, that creates a better
• 10:11
  Speaker 4: long term strategy because you're going to be more invested
• 10:14
  Speaker 4: in it. You're going to be more invested in researching
• 10:17
  Speaker 4: that stock and understanding it and comprehending it in a
• 10:19
  Speaker 4: way that other people might not be as educated because
• 10:23
  Speaker 4: I don't work in that space. You do, so you
• 10:25
  Speaker 4: know what's going on or what might be impacting that industry.
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  Speaker 4: So I think it's really important to one understand why
• 10:31
  Speaker 4: other people pick things, but also kind of helps you
• 10:35
  Speaker 4: guide into like, ah, well, actually I might pick something
• 10:39
  Speaker 4: that I know really well because you're usually going to
• 10:41
  Speaker 4: feel a little bit more comfortable with it. And the
• 10:44
  Speaker 4: best type of investing is the type that doesn't stress
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  Speaker 4: you out.
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  Speaker 5: When I like it and all that sort of stuff,
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  Speaker 5: I'm like, I have no idea.
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  Speaker 1: Yeah, let's stick with something you know.
• 10:56
  Speaker 4: Let's go with what you know. I love that. Next
• 10:59
  Speaker 4: question in left field and completely different to what we
• 11:03
  Speaker 4: were just talking about. Do you currently use shop back?
• 11:06
  Speaker 1: I don't.
• 11:07
  Speaker 5: I do have it on my phone, I have my
• 11:09
  Speaker 5: ten dollars from you guys, thank you, But I don't
• 11:15
  Speaker 5: actually buy lots of stuff. I buy parts of my
• 11:19
  Speaker 5: truck and the odd thing off eBay, but I don't
• 11:22
  Speaker 5: do heaps for shopping.
• 11:24
  Speaker 4: I love that because that's probably a good money habit
• 11:26
  Speaker 4: for you to have any way to not do too
• 11:29
  Speaker 4: much shopping, unlike me, who is a very proficient online shopper.
• 11:33
  Speaker 4: The postman tonight we're on first name basis, and my
• 11:38
  Speaker 4: shop back account's looking rather healthy, which is really good.
• 11:42
  Speaker 4: But also, I mean, as much as we love shopback,
• 11:44
  Speaker 4: that means I've been a little bit cheeky during lockdown.
• 11:47
  Speaker 4: So we'll move on from that so that I don't
• 11:50
  Speaker 4: bury myself, and we're going to ask you what is
• 11:52
  Speaker 4: your best money habit.
• 11:55
  Speaker 5: My best money habit not online shopping, not online shop,
• 12:00
  Speaker 5: although I do I do buy a lot of stuff
• 12:02
  Speaker 5: from America Express posts.
• 12:04
  Speaker 1: It's not that's expensive. It is, and especially when their
• 12:09
  Speaker 1: car parts, it's really.
• 12:10
  Speaker 4: Expensive, expensive and heavy.
• 12:13
  Speaker 1: Yes, my best habit would be. I'm a bit frugal
• 12:18
  Speaker 1: to the point it's probably a detriment.
• 12:20
  Speaker 5: Sometimes I'll put things in baskets or brighten on a
• 12:23
  Speaker 5: list to buy, and then I just go, I'll do
• 12:25
  Speaker 5: that tomorrow. Like wait when my pay goes in, I'll
• 12:28
  Speaker 5: do it tomorrow. Money is sitting there, it's not a problem.
• 12:30
  Speaker 5: I'll do it tomorrow. Or I Actually, I'm amazing. If
• 12:34
  Speaker 5: you ever want to know what the cheapest thing to
• 12:35
  Speaker 5: buy the shops would be, I can tell you what
• 12:38
  Speaker 5: grocery still to go to to get the best thing.
• 12:41
  Speaker 4: Alright, what's this week? Come on? Oh?
• 12:44
  Speaker 5: Actually, one friend of mine and I were talking about
• 12:46
  Speaker 5: because I do. I go to the gym a lot,
• 12:48
  Speaker 5: and one of my pre training snacks is like lcms
• 12:51
  Speaker 5: And we've calculated CMS from Aldi a minimum of twenty
• 12:56
  Speaker 5: cents cheap of per bar, depending if you get them
• 12:59
  Speaker 5: money sale. See, so like little things like that were
• 13:02
  Speaker 5: like last year when I had to figure out how
• 13:04
  Speaker 5: to save money. I was trying to find ways to
• 13:07
  Speaker 5: save one dollar and two dollars, not forty and eighty.
• 13:10
  Speaker 4: Yeah, but like from the little things, big things grow.
• 13:14
  Speaker 4: And I feel like that's a very used phrase on
• 13:17
  Speaker 4: this podcast. But at the same time, it's because it's
• 13:20
  Speaker 4: easier to do that than to look for the big wins, right, Like,
• 13:23
  Speaker 4: it's easier to take control of your grocery budget and
• 13:26
  Speaker 4: look for where you can make little sustainable savings because like,
• 13:30
  Speaker 4: I'm sure you enjoy your elcmbar from Audi as much
• 13:33
  Speaker 4: as you do from coals right.
• 13:35
  Speaker 1: Exactly at four am, they both sat the same.
• 13:39
  Speaker 4: I always thought like completely separate. I always thought you
• 13:42
  Speaker 4: had to have like proper like protein bars and like
• 13:45
  Speaker 4: pre training stacks, and you're like lcmbar, So maybe I
• 13:48
  Speaker 4: could get into this workout there, Maybe I might do this.
• 13:52
  Speaker 5: My dietitian has me on, like I get to have
• 13:55
  Speaker 5: crumpets and honey or lcm's before training. It's great, And
• 14:00
  Speaker 5: that's dietitian has given that to me. So that's totally okay.
• 14:04
  Speaker 4: Yeah, that makes it legal. I like it. I like
• 14:07
  Speaker 4: it all right. In comparison to your best money habit,
• 14:10
  Speaker 4: which was the LCN bars, what is your worst money habit?
• 14:15
  Speaker 5: Probably similar that I leave things in shopping carts, and
• 14:20
  Speaker 5: I don't go buy things, and then I actually really
• 14:23
  Speaker 5: need them, and I rush around.
• 14:26
  Speaker 1: Like an idiot when I need them, so I be like,
• 14:30
  Speaker 1: why didn't I buy that I really needed it?
• 14:33
  Speaker 3: And then instead of buying it online, you have to
• 14:35
  Speaker 3: go and buy it from the shop, and it's probably
• 14:37
  Speaker 3: more expensive as well.
• 14:38
  Speaker 2: Instead of yep, yeah, I can feel that.
• 14:41
  Speaker 4: Yeah, I feel like I do that as well. Do
• 14:43
  Speaker 4: you know what the most annoying part about that is?
• 14:45
  Speaker 4: As well? It's always the essential things that you're like, oh,
• 14:49
  Speaker 4: I need some new socks or I need something new
• 14:51
  Speaker 4: that I just feel bad buying, and then you end
• 14:54
  Speaker 4: up paying more for it because you needed to buy
• 14:56
  Speaker 4: it in person and you don't actually search out the
• 14:58
  Speaker 4: best deal. I actually feel that, whereas if it's something
• 15:01
  Speaker 4: that I didn't need, I'm so good at those purchases.
• 15:05
  Speaker 4: So good, all right. So next and final question of
• 15:09
  Speaker 4: this series is what grade would you give yourself if
• 15:13
  Speaker 4: we forced you to give yourself a money grade?
• 15:17
  Speaker 5: Maybe a bee. I feel like I've still got a
• 15:21
  Speaker 5: really long way to go. I'm still learning. I still
• 15:25
  Speaker 5: from time to time find I need to like pull
• 15:28
  Speaker 5: back or take money out of like an odd account.
• 15:32
  Speaker 5: I probably, yeah, maybe a bee. I feel like I've
• 15:35
  Speaker 5: come a really long way.
• 15:36
  Speaker 1: Though, so it sounds like it.
• 15:38
  Speaker 4: I get pressed with how far you've even come in
• 15:41
  Speaker 4: the last year. You've gone from having a goal of
• 15:44
  Speaker 4: like I'm going to have a lofty deposit to having
• 15:47
  Speaker 4: half of it. And as of July first, didn't you
• 15:50
  Speaker 4: say you're a company director? Like you're you're more than
• 15:53
  Speaker 4: a bat in my eyes. But we can get into
• 15:55
  Speaker 4: that after this short break. All right, let's get back
• 16:04
  Speaker 4: into the podcast Money Diarist. I feel like you've had
• 16:08
  Speaker 4: an incredibly interesting journey from living overseas to being with
• 16:12
  Speaker 4: a partner for eleven years. I don't mean to be
• 16:15
  Speaker 4: too pervy, but like, how did your money story change
• 16:18
  Speaker 4: going through a breakup after such a significant period of
• 16:22
  Speaker 4: time with that person.
• 16:25
  Speaker 5: Actually, it all came to a head. So we broke
• 16:28
  Speaker 5: up January first, last year.
• 16:30
  Speaker 4: And New Year knew meat no partner.
• 16:33
  Speaker 5: Yeah, And we were actually supposed to take a three
• 16:36
  Speaker 5: week holiday to Japan and while we were on holidays,
• 16:40
  Speaker 5: we'd meet with a group of my friends and go snowboarding.
• 16:43
  Speaker 5: So we because we've broken up, my friends are like,
• 16:46
  Speaker 5: there's no way you're not going on holidays, which meant
• 16:49
  Speaker 5: that all of a sudden, I had to find a
• 16:51
  Speaker 5: way I couldn't do anything with my plane ticket, so
• 16:54
  Speaker 5: I had to spend another thousand dollars on a plane
• 16:56
  Speaker 5: ticket in light of the fact that I knew that,
• 16:59
  Speaker 5: like my whole life is about to change. So I
• 17:02
  Speaker 5: sat down and because I'm not very good with computers
• 17:05
  Speaker 5: and I've only literally in the past couple months learned
• 17:07
  Speaker 5: how to add sums on a spreadsheet on Excel, I.
• 17:11
  Speaker 1: Literally sat down a pen and paper and started writing
• 17:13
  Speaker 1: down everything.
• 17:14
  Speaker 5: And it was the first time I had to budget
• 17:16
  Speaker 5: to make sure that I could afford my whole snowboarding
• 17:19
  Speaker 5: holiday all new accommodation, as well as continue to pay
• 17:22
  Speaker 5: for the old accommodation that we couldn't use new plane tickets.
• 17:26
  Speaker 1: And then that was it.
• 17:28
  Speaker 5: I started budgeting and it just from there by accident
• 17:32
  Speaker 5: by accident, hell or come high water. I'm going on
• 17:35
  Speaker 5: this Japan holiday. I'm going to have an amazing trip
• 17:38
  Speaker 5: with my friends, and this is going to be the
• 17:41
  Speaker 5: beginning of something really cool. So I did that, and
• 17:44
  Speaker 5: when I came back, I just continued to stick with
• 17:46
  Speaker 5: the budget and saving, and I lots of little things
• 17:49
  Speaker 5: like every week it was like, yes, I hit that number,
• 17:51
  Speaker 5: Yes I hit that number.
• 17:53
  Speaker 4: So oh I love that. And I mean it's come
• 17:57
  Speaker 4: from a journey where you know, no one wants to
• 18:00
  Speaker 4: be forced into budgeting off the back of a relationship
• 18:03
  Speaker 4: breaking up. But at the same time, I feel like
• 18:06
  Speaker 4: there's always, as I was saying at the start of
• 18:07
  Speaker 4: this podcast, there's usually a trigger point for these things.
• 18:10
  Speaker 4: There's usually something that happens that forces you down that road,
• 18:14
  Speaker 4: and then you find yourself on that path, thinking maybe
• 18:16
  Speaker 4: it's going to be sucky. You're like, oh my god,
• 18:19
  Speaker 4: I have to budget or I have to do this,
• 18:20
  Speaker 4: and you're like, I feel really empowered, I feel really
• 18:22
  Speaker 4: in control. What is this? What do you mean? So
• 18:25
  Speaker 4: how did you feel going through that, like starting the
• 18:28
  Speaker 4: journey of budgeting where you're like, oh, I really don't
• 18:31
  Speaker 4: want to have to do this, but this is the
• 18:32
  Speaker 4: only way it's going to work. Or were you like, yes,
• 18:34
  Speaker 4: I'm in control, Like what did that look like for you?
• 18:37
  Speaker 1: It was so empowering.
• 18:39
  Speaker 5: It felt like I finally knew like years earlier, my
• 18:44
  Speaker 5: previous partner had got me to try and do barefoot
• 18:47
  Speaker 5: investing style bank setup, and I remember I dug my
• 18:49
  Speaker 5: heels in the whole way because I just didn't feel comfortable.
• 18:53
  Speaker 5: And so last year I rearranged all the bank accounts
• 18:56
  Speaker 5: and it just actually felt really empowering.
• 18:58
  Speaker 1: I felt like I.
• 18:58
  Speaker 5: Finally knew where I I knew what I had, I
• 19:02
  Speaker 5: knew what I could have going forward.
• 19:04
  Speaker 1: So that and I did.
• 19:06
  Speaker 5: Was determined that when we finally sold the house that
• 19:09
  Speaker 5: I would have all the money I needed to move out,
• 19:11
  Speaker 5: pay rent, and still continue to pay my mortgage in
• 19:14
  Speaker 5: the crossover, pay all that stuff.
• 19:16
  Speaker 1: And I was not going to touch anything else. I
• 19:19
  Speaker 1: wasn't going to touch the house funds. And I just
• 19:22
  Speaker 1: felt so good going I built this. This was because
• 19:26
  Speaker 1: I did.
• 19:27
  Speaker 3: Yeah, it's like learning a whole new part about Without
• 19:31
  Speaker 3: sounding cheesy, it is like finding a whole new part
• 19:34
  Speaker 3: of your personality as you grow up and you're like, wow,
• 19:38
  Speaker 3: I actually do really care about how I've grown and
• 19:40
  Speaker 3: how I'm changing, and it's really really cool that you
• 19:43
  Speaker 3: found that yourself, and you were like, oh, I didn't
• 19:45
  Speaker 3: want to do this because I wasn't ready, and now
• 19:48
  Speaker 3: I am ready and it feels awesome.
• 19:50
  Speaker 5: Yeah, I was not ready beforehand at all. It was
• 19:53
  Speaker 5: it wasn't I literally dug my heels in so hard.
• 19:57
  Speaker 5: But last year there was just this point I had
• 19:59
  Speaker 5: so many friends family to support me, and I just knew,
• 20:01
  Speaker 5: no matter what I did, that the only way to
• 20:04
  Speaker 5: move on from where I came from was to do
• 20:06
  Speaker 5: it myself. And so to come out the other side,
• 20:10
  Speaker 5: moving to my own apartment on my own, I was
• 20:12
  Speaker 5: just like, yeah, I did this, this was all me.
• 20:14
  Speaker 4: Oh, I love that so much. And money dorist, I
• 20:18
  Speaker 4: want to be really perfect because I love banking structures
• 20:21
  Speaker 4: and understanding how people do what and like I obviously
• 20:25
  Speaker 4: have my budget and cash flow masterclass. So I've created
• 20:27
  Speaker 4: a system that I think works. But how do you
• 20:31
  Speaker 4: manage your accounts? Like? What accounts do you have? What
• 20:33
  Speaker 4: do you use them for? Can you tell us?
• 20:36
  Speaker 5: I think I have about nine obviously my main account,
• 20:40
  Speaker 5: then I have my emergency fund.
• 20:43
  Speaker 1: I have one full luxury.
• 20:45
  Speaker 5: So that's if my current partner and I want to
• 20:47
  Speaker 5: go out for dinner or something during the week, or
• 20:49
  Speaker 5: if like I need that pair of sox or.
• 20:53
  Speaker 4: Tree is not buying essential to my friend.
• 20:57
  Speaker 5: No it's not, but it's I don't like pep into
• 21:00
  Speaker 5: other accounts, so that's.
• 21:01
  Speaker 4: How I get that it's often a mental barrier.
• 21:04
  Speaker 1: I get it.
• 21:05
  Speaker 5: Then I have like my hair and botox account because
• 21:09
  Speaker 5: that is one that I can't skip over.
• 21:11
  Speaker 1: Very powerful, Yeah, very important.
• 21:15
  Speaker 5: I have a share account, so I have money that
• 21:17
  Speaker 5: goes into an account to get put towards shares every week.
• 21:20
  Speaker 5: I have bottle money, so my partner and if we
• 21:22
  Speaker 5: have ended up cans or bottles, we put all the
• 21:25
  Speaker 5: money into that account together.
• 21:26
  Speaker 4: Oh, we don't have that in Victoria. I've seen that before.
• 21:30
  Speaker 4: I am literally envious of that because I feel like
• 21:33
  Speaker 4: we'd have less bottles and cans and stuff on the
• 21:35
  Speaker 4: street in Melbourne if that was a thing.
• 21:37
  Speaker 1: It's so good.
• 21:38
  Speaker 5: I mean, I understand the theory, you've already paid the
• 21:40
  Speaker 5: ten cents, you're just getting the ten cents back, but
• 21:42
  Speaker 5: it's literally it's like tax money. Everyone seems to think
• 21:46
  Speaker 5: it's free money. It's a little bit like that. You're
• 21:47
  Speaker 5: just rearranging the money back around.
• 21:50
  Speaker 3: But it makes you feel good because not only have
• 21:52
  Speaker 3: you done something good for the environment, but you get
• 21:55
  Speaker 3: you know, a couple of dollars here and there makes
• 21:56
  Speaker 3: a difference exactly, and.
• 21:59
  Speaker 1: It goes into the an account.
• 22:00
  Speaker 4: So I want to hear a money diarist who's done
• 22:04
  Speaker 4: that as like a full side hustle and see how
• 22:07
  Speaker 4: much money they get from it. I reckon, there's somebody
• 22:09
  Speaker 4: out there who's made a killing.
• 22:11
  Speaker 5: Yeah, well, we had it when I was a kid,
• 22:13
  Speaker 5: but it's gone like it left through most of my
• 22:16
  Speaker 5: life and it only came back in the past few years.
• 22:19
  Speaker 1: So, oh, don't understand why we had it. It went
• 22:21
  Speaker 1: away came back.
• 22:23
  Speaker 4: So what other bank accounts do you have? You've got
• 22:25
  Speaker 4: your bottles one and I went on a tangent. I
• 22:27
  Speaker 4: do apologize.
• 22:28
  Speaker 5: I've got a regio account because I've got a couple
• 22:30
  Speaker 5: of vehicles, so I need to make sure I have money,
• 22:33
  Speaker 5: and my American car, Lee Rego's really expensive, fancy.
• 22:39
  Speaker 4: I assumed you might have been a little bit of
• 22:41
  Speaker 4: a car friend based on the fact that you order
• 22:44
  Speaker 4: car parts from the US.
• 22:46
  Speaker 5: We're learning, Yeah, that was kind of part of that.
• 22:49
  Speaker 5: I guess you could probably also call that an investment.
• 22:52
  Speaker 5: I bought it and imported it with my current partner
• 22:55
  Speaker 5: at the end of last year.
• 22:57
  Speaker 1: It was partially an investment decision decision and a business decision.
• 23:02
  Speaker 1: I'm actually going to use it as my work vehicle.
• 23:05
  Speaker 4: Can tell us what type of car it is so
• 23:07
  Speaker 4: I can google it.
• 23:08
  Speaker 5: It's a nineteen sixty five Chevy C ten. It's an
• 23:12
  Speaker 5: American pickup truck, so very cool.
• 23:15
  Speaker 1: It's big and it's amazing.
• 23:18
  Speaker 5: And you're an.
• 23:18
  Speaker 4: Electrician as well. You'd look so fancy coming over to
• 23:21
  Speaker 4: my house to fix my life.
• 23:24
  Speaker 1: Honestly, well, that's it.
• 23:25
  Speaker 5: I remember someone once saying the best marketing you can
• 23:28
  Speaker 5: get is the one that you don't pay for give
• 23:30
  Speaker 5: people a reason to.
• 23:31
  Speaker 4: Talk about you.
• 23:32
  Speaker 5: And I've always wanted an old car, and so I thought,
• 23:35
  Speaker 5: you know what, what's better than a cheek electrician driving
• 23:38
  Speaker 5: a really cool old car.
• 23:40
  Speaker 4: I actually adore this, and you're like super fit. You're
• 23:43
  Speaker 4: going to get out of a car and people are
• 23:45
  Speaker 4: going to be like who is she? What does she.
• 23:49
  Speaker 1: Get a car? And people are just like whoa is
• 23:53
  Speaker 1: this yours? Yes? Yes it is mine, and they're too
• 23:57
  Speaker 1: busy looking at the truck to actually I'm like, okay,
• 24:00
  Speaker 1: what do you want done? Like what's the job? And
• 24:02
  Speaker 1: they're too busy wanting to talk about the chuck. I'm like, okay,
• 24:05
  Speaker 1: but I'm on the clock, so whatever.
• 24:06
  Speaker 2: You want to That's when you start charging by the hour.
• 24:12
  Speaker 4: Clock. Guys, I actually love when people take control of
• 24:15
  Speaker 4: their own budget and cash flow journey. And I guess
• 24:18
  Speaker 4: that's what my next question leads into. I know that
• 24:20
  Speaker 4: lots of people who listen to our podcast are really
• 24:23
  Speaker 4: wanting to get into that, and they just haven't taken
• 24:26
  Speaker 4: the plunge yet or it's all overwhelming, like where did
• 24:28
  Speaker 4: you start? Like, if we haven't done any of this yet,
• 24:32
  Speaker 4: how can we start to take control of our banking
• 24:34
  Speaker 4: structure and make it work for us like you've made
• 24:36
  Speaker 4: it work for you.
• 24:38
  Speaker 5: I had to find a way to like I needed
• 24:41
  Speaker 5: to see what was going out and how much and
• 24:44
  Speaker 5: to wear, and then for me, I needed to make
• 24:47
  Speaker 5: sure that I allocated all of those amounts to go
• 24:50
  Speaker 5: to those places. And then it meant that I could
• 24:53
  Speaker 5: see what was left, and then I would know if
• 24:56
  Speaker 5: I was either dipping into what was left or if
• 24:58
  Speaker 5: it was all being moved across into like my savings
• 25:01
  Speaker 5: that I wasn't.
• 25:01
  Speaker 1: Going to touch at all.
• 25:03
  Speaker 5: So for me, literally breaking it down into really tiny amounts,
• 25:07
  Speaker 5: so I had on I had paper all over my
• 25:09
  Speaker 5: bed at the time, and I.
• 25:11
  Speaker 4: Still do what worked for you works.
• 25:16
  Speaker 5: Oh gosh, I'm getting better, though I may have spreadsticks
• 25:18
  Speaker 5: for my account and this year before my tax receipts.
• 25:20
  Speaker 1: He was very impressed.
• 25:22
  Speaker 6: It is she she's a new woman a little bit,
• 25:27
  Speaker 6: but like just have it all written down so that
• 25:29
  Speaker 6: you know, like these are all of my bills that
• 25:31
  Speaker 6: come in quarterly, and these are this is my re jo.
• 25:34
  Speaker 5: That I need to pay and so to me, I
• 25:36
  Speaker 5: had to literally break it down every week and just
• 25:39
  Speaker 5: shoot all the money away so that I saw what
• 25:41
  Speaker 5: was left.
• 25:42
  Speaker 4: I think that's really important. And what was the first
• 25:45
  Speaker 4: thing you did. Was it sitting down and doing all
• 25:48
  Speaker 4: those pieces of paper that you had across your bed,
• 25:50
  Speaker 4: or was it checking out your bank? Like did you
• 25:53
  Speaker 4: change banks? Are there anything or tips and tricks that
• 25:56
  Speaker 4: really helped you along that journey that we should know about.
• 25:59
  Speaker 5: It at the time, And I even have I remember
• 26:02
  Speaker 5: I took an Insta story at the time because I
• 26:05
  Speaker 5: had my mortgage with one bank, I had my credit
• 26:08
  Speaker 5: card with a different bank, and I have all my
• 26:09
  Speaker 5: personal banking with a third bank.
• 26:11
  Speaker 1: And I remember taking a photo of all three.
• 26:14
  Speaker 5: I had three computer screens up with all three banks
• 26:16
  Speaker 5: open and saying I'm taking control of this. So I
• 26:20
  Speaker 5: literally had to sit.
• 26:21
  Speaker 1: Down with all the computer screens and I wrote it
• 26:24
  Speaker 1: all down. It was like, okay, this is what's all
• 26:26
  Speaker 1: on these accounts?
• 26:27
  Speaker 5: This is and I had to write down and look
• 26:29
  Speaker 5: at everything and see where everything was.
• 26:32
  Speaker 1: So oh I love that.
• 26:34
  Speaker 5: Yeah, and then I just made a plan, like this
• 26:36
  Speaker 5: is this is what I can reasonably say, So what's
• 26:38
  Speaker 5: my goal?
• 26:39
  Speaker 1: Can I push this a little bit?
• 26:40
  Speaker 5: I do overtime, So any overtime would immediately get pushed
• 26:43
  Speaker 5: into an account all night. When I got I got
• 26:47
  Speaker 5: a pay rise at the end of last year, I
• 26:50
  Speaker 5: actually didn't even touch it. I immediately made it so
• 26:52
  Speaker 5: it went into my like my savings, my future account,
• 26:56
  Speaker 5: and so I've never seen any of my pay rise.
• 26:58
  Speaker 5: It immediately goes into a savings account, and I've touched it.
• 27:01
  Speaker 4: She's not got any type of lifestyle creep, Tony. We
• 27:04
  Speaker 4: love what you going to be.
• 27:06
  Speaker 2: Yeah, how have we let you grade yourself only a B?
• 27:09
  Speaker 3: This is It sounds like you've gone on such an
• 27:11
  Speaker 3: amazing journey and how.
• 27:13
  Speaker 2: Cool that we're a part of it.
• 27:15
  Speaker 1: Yeah, thank you.
• 27:16
  Speaker 5: I started listening to you guys last year and was like,
• 27:18
  Speaker 5: oh my god, how have I not.
• 27:20
  Speaker 1: Been listening to this stuff before? Look how much I'm learning.
• 27:23
  Speaker 4: I love that, and I love that people like you're
• 27:26
  Speaker 4: in our community and doing good things and getting on
• 27:29
  Speaker 4: the right paths. And it's just I love being able
• 27:32
  Speaker 4: to ask you questions about like, Okay, how did you
• 27:34
  Speaker 4: start budgeting? Because it is different for everybody, Like there's
• 27:37
  Speaker 4: no right, there's no wrong. It's what's going to work
• 27:40
  Speaker 4: for you. And if it's pieces of paper across your
• 27:42
  Speaker 4: bed that works for you, like I am so here
• 27:46
  Speaker 4: for it. You don't have to be a spreadsheet wizard.
• 27:49
  Speaker 4: Some people break up their money into envelopes and literally
• 27:52
  Speaker 4: run an envelope system. Some people do what you're doing
• 27:54
  Speaker 4: and have different bank accounts. Other people you know, outsourcing
• 27:57
  Speaker 4: and get their partner to take their debit card off them. Like,
• 28:00
  Speaker 4: there are different ways that you.
• 28:02
  Speaker 1: Can do this.
• 28:02
  Speaker 4: You just need to find the right thing for you.
• 28:04
  Speaker 4: And I think it's just so special that our community
• 28:07
  Speaker 4: trusts us enough to share those things with us so
• 28:10
  Speaker 4: that we can learn from you. Like how cool. I
• 28:13
  Speaker 4: love that. I don't know what heart you drive, So
• 28:15
  Speaker 4: if you see that car driving around, just assume there
• 28:18
  Speaker 4: are she's on the money person and give them away.
• 28:21
  Speaker 1: The amount of times that I've since listening to you, guys.
• 28:24
  Speaker 5: I've gone back to friends, like friends that were there
• 28:26
  Speaker 5: to support me and teach me to adult last year,
• 28:28
  Speaker 5: and I had to that.
• 28:29
  Speaker 1: I've gone back and I heard on this podcast. They're like,
• 28:31
  Speaker 1: oh my god, what is she listening to? I know
• 28:35
  Speaker 1: about finance. All of a sudden, she's better than this
• 28:37
  Speaker 1: than we are.
• 28:40
  Speaker 4: It's like, cut to that TikTok sound? Am I better
• 28:43
  Speaker 4: than everybody else?
• 28:46
  Speaker 2: And now you're on the podcast sharing your own tips?
• 28:49
  Speaker 1: Hackle.
• 28:49
  Speaker 4: No, I'm so lucky that you want to share this
• 28:53
  Speaker 4: journey with our community, and honestly, you have been a
• 28:56
  Speaker 4: dream to have a chat with. I feel like I
• 28:59
  Speaker 4: am on our Hi high at the end of this.
• 29:01
  Speaker 4: So thank you so so much for joining us Money Diarist.
• 29:04
  Speaker 1: Oh, thank you, thank you for letting me share.
• 29:07
  Speaker 4: But as always, that is all we have time for today.
• 29:11
  Speaker 4: So just before we head off, we'd like to acknowledge
• 29:13
  Speaker 4: and pay respect to Australia's Aboriginal and Torres Straight islander peoples.
• 29:17
  Speaker 4: They're the traditional custodians of the lands, the waterways and
• 29:21
  Speaker 4: the skies all across Australia. We thank you for sharing
• 29:24
  Speaker 4: and for caring for the land on which we are
• 29:26
  Speaker 4: able to learn. We pay our respects to elders past
• 29:30
  Speaker 4: and present, and we share our friendship and our kindness.
• 29:33
  Speaker 3: The advice shared on She's on the Money is generally
• 29:36
  Speaker 3: nature and does not consider your individual circumstances. She's on
• 29:40
  Speaker 3: the Money exists purely for educational purposes and should not
• 29:43
  Speaker 3: be relied upon to make an investment or financial decision.
• 29:46
  Speaker 3: And we promise that Victoria Devine is an authorized representative
• 29:50
  Speaker 3: of Australia Pacific Funds Management Proprietary Limited ABN three four
• 29:54
  Speaker 3: one three two four six three two five seven AFSL
• 29:57
  Speaker 3: three three nine one five to one.
• 30:00
  Speaker 4: See you next week, guys. Bye mhm