Latest / She's On The Money / Community-Tested Cost of Living Hacks

Transcript

Community-Tested Cost of Living Hacks · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
• 0:05
  Speaker 1: Order Kerni Whaltbury and a waddery woman. And before we
• 0:08
  Speaker 1: get started on She's on the Money podcast, I would
• 0:11
  Speaker 1: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 1: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 1: the elders, the ancestors and the next generation coming through
• 0:23
  Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 1: the storytelling of you to make a difference for today
• 0:31
  Speaker 1: and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:57
  Speaker 4: Welcome to She's on the Money the podcast. It's all
• 0:59
  Speaker 4: about me. Your dollars stretch further than your favorite pair
• 1:02
  Speaker 4: of yoga pants.
• 1:03
  Speaker 2: That's really far. That's my favorite yoga pants. Made it
• 1:06
  Speaker 2: through a whole pregnancy. That's a lot.
• 1:09
  Speaker 4: That sounded very like you did stretch them, But I
• 1:12
  Speaker 4: did objectively. It didn't look like the case literally and physically,
• 1:15
  Speaker 4: so you know that. But with the cost of living
• 1:18
  Speaker 4: crisis squeezing your all at tighter than ever, you've already
• 1:20
  Speaker 4: cut out your daily coffees. Unsubscribed from those extra streaming
• 1:24
  Speaker 4: services and feel like your belt can't get any tighter.
• 1:27
  Speaker 4: If you're feeling helpless, you're not alone, and today we
• 1:29
  Speaker 4: are here to tell you it's not personal failure. Now,
• 1:33
  Speaker 4: I couldn't talk about money really without bringing the Queen
• 1:36
  Speaker 4: of Budgeting herself, Victoria de Vine.
• 1:38
  Speaker 2: Hello, It's not like I didn't interject myself into this conversation. Earlier.
• 1:42
  Speaker 2: You mentioned yeroga pants and I was like, this episode
• 1:44
  Speaker 2: got a jump for me. It's absolutely for me. I'm
• 1:47
  Speaker 2: here for it. And I feel like everything when it
• 1:49
  Speaker 2: comes to talking about the Cause He Lives is really
• 1:52
  Speaker 2: negative at the moment. I feel like everything is doom
• 1:55
  Speaker 2: and gloom, and we don't want it to be. I
• 1:57
  Speaker 2: want to make sure that we are being positive at
• 2:01
  Speaker 2: the same time as trying to manage our finances. Like
• 2:04
  Speaker 2: finances can be overwhelming and uninspiring, and they can make
• 2:08
  Speaker 2: you feel like trash sometimes, beck But I think that
• 2:12
  Speaker 2: we need to do a bit of a reframe, and
• 2:13
  Speaker 2: I hope that this episode is the episode for that.
• 2:16
  Speaker 4: I think we're all kind of like in a similar
• 2:18
  Speaker 4: situation right now. I think that you know, there's some
• 2:19
  Speaker 4: people that it's not as hard on, but regardless of
• 2:22
  Speaker 4: where you are financially, things are getting more expensive. So
• 2:25
  Speaker 4: obviously we hear about Cozi lives on the daily, but
• 2:28
  Speaker 4: should we start with what it actually is.
• 2:30
  Speaker 2: So basically, the cost of living crisis happens when prices
• 2:33
  Speaker 2: go up faster than our paychecks do. Things like groceries
• 2:37
  Speaker 2: and ren and fuel they all get more expensive, but
• 2:40
  Speaker 2: our wages they just don't keep up. That gap makes
• 2:43
  Speaker 2: it so tough for people to maintain their standard of living.
• 2:46
  Speaker 2: And the big culprits here are inflation, supply chain and
• 2:49
  Speaker 2: the fact that demand for goods has absolutely skyrocketed.
• 2:52
  Speaker 4: Beck, Oh my god, it's scary. Hey, what about the
• 2:55
  Speaker 4: state of the world right now? Like, is that making
• 2:57
  Speaker 4: things worse?
• 2:58
  Speaker 2: Are you asking for an economic up date?
• 3:00
  Speaker 5: Beck?
• 3:00
  Speaker 2: Is it okay?
• 3:01
  Speaker 1: Oh?
• 3:01
  Speaker 2: Obviously Google events have played a really big part in
• 3:04
  Speaker 2: this crisis. So if you think about how the COVID
• 3:07
  Speaker 2: nineteen pandemic through absolutely everything off balance and supply chains
• 3:11
  Speaker 2: worldwide ended up messed up. When factories in China ended
• 3:14
  Speaker 2: up getting shut down, it didn't just mean fewer electronics
• 3:17
  Speaker 2: on the shelves. It also caused delays and price hikes
• 3:20
  Speaker 2: for stuff like toys and furniture and even building materials.
• 3:23
  Speaker 2: We also can't forget about the impact of global politics,
• 3:27
  Speaker 2: like the ongoing war in Ukraine. It's pushed up the
• 3:29
  Speaker 2: cost of things like oil and food all around the world.
• 3:33
  Speaker 2: Beck The World Bang says that because of the war,
• 3:36
  Speaker 2: prices for basics like wheat and sunflower oil have absolutely
• 3:40
  Speaker 2: gone through the roof, and we're feeling it here in
• 3:42
  Speaker 2: Australia as well, especially when it comes to how much
• 3:46
  Speaker 2: we're paying in the supermarket. Beck, when was the last
• 3:48
  Speaker 2: time you bought olive oil?
• 3:50
  Speaker 4: I went to buy olive oil a couple of weeks
• 3:53
  Speaker 4: ago and it was so expensive.
• 3:58
  Speaker 2: Olive oil not part of my journey anymore. Oh, it's
• 4:00
  Speaker 2: really not. And I was like, sunflole oil. That sounds healthy.
• 4:03
  Speaker 4: I'm gonna go with that. SCLA, I'll take it.
• 4:05
  Speaker 2: You know what, We're not even going to google those things.
• 4:08
  Speaker 2: I totally get that, though, and I feel like everybody
• 4:12
  Speaker 2: is feeling it. But I feel like oil for me
• 4:14
  Speaker 2: was the one thing I saw it and I was like,
• 4:16
  Speaker 2: this can't be right. Typo. This is a typo. And Beck,
• 4:20
  Speaker 2: let's move away from oil. Let's talk about numbers for
• 4:22
  Speaker 2: a hot second. Recent data from the Australian Bureau of
• 4:25
  Speaker 2: Statistics shows that inflation hit six point one percent by
• 4:29
  Speaker 2: June twenty twenty two, which is the highest we have
• 4:31
  Speaker 2: seen in twenty years. What does that mean for us?
• 4:35
  Speaker 1: Though?
• 4:35
  Speaker 2: Basically, literally everything costs more so grocery is fuel, everything
• 4:39
  Speaker 2: beck For example, bread went up by seven and a
• 4:43
  Speaker 2: half percent and fuel prices shot up by over thirty
• 4:46
  Speaker 2: percent in just one year, and I feel like our
• 4:50
  Speaker 2: entire community is feeling it totally. Between May twenty twenty
• 4:55
  Speaker 2: two and November twenty twenty three, the Reserve Bank of
• 4:58
  Speaker 2: Australia raised interest rates thirteen times, driving the cash rate
• 5:03
  Speaker 2: to a twelve year high of four point three five percent.
• 5:08
  Speaker 2: These interest rate hikes were a direct response to inflation,
• 5:12
  Speaker 2: which peaked at around eight percent in late twenty twenty two.
• 5:15
  Speaker 2: While the increases were intended to curb inflation, they've significantly
• 5:20
  Speaker 2: raised the cost of borrowing for households, particularly those with mortgages.
• 5:25
  Speaker 2: The impact on ossie households has been pretty brutal. Let's
• 5:28
  Speaker 2: be honest. On average, families now have ten thousand, seven
• 5:32
  Speaker 2: hundred dollars less each year to spend on discretionary items
• 5:35
  Speaker 2: like dining out and holidays. Mortgage holders have been the
• 5:39
  Speaker 2: most affected, though, with their discretionary spending being reduced by
• 5:43
  Speaker 2: twenty one thousand, three hundred dollars compared to twenty twenty.
• 5:49
  Speaker 2: Renters have also experienced a considerable reduction of thirteen thousand,
• 5:53
  Speaker 2: three hundred dollars in non essential spending, while homeowners without
• 5:57
  Speaker 2: mortgages have seen a decrease of seven one thousand, two
• 6:01
  Speaker 2: hundred dollars. Jeez, I'm not done yet either. Beck. Low
• 6:04
  Speaker 2: income households have been particularly affected. For those lowest twenty
• 6:08
  Speaker 2: percent of earners, essential expenses such as groceries and utilities
• 6:13
  Speaker 2: now exceed their income by an average of seventy five
• 6:17
  Speaker 2: dollars a week. Oh man, they're going into debt. Bek.
• 6:20
  Speaker 2: This has led to significant reductions in discretionary spending and
• 6:23
  Speaker 2: delayed essential purchases. The prolonged financial strain has resulted in
• 6:27
  Speaker 2: substantial lifestyle adjustments, including cutting back on clothing and groceries
• 6:32
  Speaker 2: and making really tough choices when it comes to managing finances.
• 6:36
  Speaker 2: Are out It is scary, and I know it's the
• 6:40
  Speaker 2: reality of the situation, right Like, yeah, it is what
• 6:43
  Speaker 2: it is, and we're out here trying our best to
• 6:45
  Speaker 2: help you through it. But we just need to get
• 6:47
  Speaker 2: on the same page, totally.
• 6:49
  Speaker 4: Get where people are feeling the pinch, especially those who
• 6:50
  Speaker 4: are like already on lower incomes. When your essentials cost
• 6:53
  Speaker 4: more than you actually make each week, it's impossible to
• 6:58
  Speaker 4: not feel the pressure. And it's stressful.
• 7:00
  Speaker 2: It's ely stressful, absolutely, and it's so easy to start
• 7:04
  Speaker 2: blaming yourself, thinking that like, I'm not good at money
• 7:07
  Speaker 2: or have done something wrong. But let's be absolutely clear here,
• 7:10
  Speaker 2: it is not your fault. There's an immense amount of
• 7:13
  Speaker 2: societal pressure to keep up with the rising cost of living,
• 7:16
  Speaker 2: and when it becomes overwhelming, you know what we do back,
• 7:18
  Speaker 2: We naturally turn inward. But the truth is we're living
• 7:22
  Speaker 2: in a system where the cost of essential goods like groceries, rent,
• 7:25
  Speaker 2: and fuel keeps climbing, and wages they're not catching up
• 7:29
  Speaker 2: no matter how hard you try. There's only so much
• 7:32
  Speaker 2: control that you can have. We really need to shift
• 7:35
  Speaker 2: the narrative away from individual responsibility and understand this is
• 7:38
  Speaker 2: a broader economic issue. People are doing absolutely everything that
• 7:42
  Speaker 2: they can to keep up. The problem is that the
• 7:44
  Speaker 2: system we in currently isn't set up for that. So
• 7:48
  Speaker 2: if you're feeling really guilty or you're stressed about your finances.
• 7:51
  Speaker 2: I need you to remember that this is bigger than
• 7:53
  Speaker 2: your budgeting skills. It's not about failing. It's about surviving
• 7:58
  Speaker 2: in an environment that has become more more and more
• 8:00
  Speaker 2: challenging for everyone. I think that it's not going to
• 8:04
  Speaker 2: surprise anyone, but you really need to look at exactly
• 8:06
  Speaker 2: where your money's going. And I know right now that's
• 8:08
  Speaker 2: really painful. I know that it's not what you want,
• 8:11
  Speaker 2: and you want to bury your head in the sand.
• 8:13
  Speaker 2: But I want you to get a fine tooth comb
• 8:15
  Speaker 2: and I want you to go through your finances, and
• 8:16
  Speaker 2: I mean everything from those sneaky little app subscriptions to
• 8:20
  Speaker 2: the quick trips to the shops where you pick up
• 8:22
  Speaker 2: extras when you don't need to, when you were there
• 8:24
  Speaker 2: just to get some milk. I want you to get
• 8:26
  Speaker 2: clear on where all of those small amounts are dropping away,
• 8:29
  Speaker 2: because they add up, and they add up so fast
• 8:32
  Speaker 2: they call them money leaks. And once you've spotted them,
• 8:35
  Speaker 2: you can decide what's really necessary and what's just here
• 8:38
  Speaker 2: draining your bank account.
• 8:39
  Speaker 4: Pick absolutely, and there are like apps that you can
• 8:41
  Speaker 4: use to like find those subscriptions that you've forgotten about and.
• 8:44
  Speaker 2: Connect and how many podcasts have we done where we're like, okay, cool,
• 8:47
  Speaker 2: this is how you call your subscriptions, this is how
• 8:49
  Speaker 2: you do this, this is how you do that. And
• 8:51
  Speaker 2: I think the one thing I want you to remember
• 8:53
  Speaker 2: is that before you dive in, it's not about restricting yourself.
• 8:58
  Speaker 2: It's actually about getting an idea of what the big
• 9:00
  Speaker 2: picture looks like. Let's have a look at the bigger
• 9:02
  Speaker 2: picture and see if we're comfortable with it. Let's see
• 9:04
  Speaker 2: if there's any shifting to do. Let's see what that
• 9:06
  Speaker 2: looks like. Because if you get rid of it right now,
• 9:08
  Speaker 2: beck doesn't mean it has to go forever. Maybe you
• 9:10
  Speaker 2: just want to build up a bit of an emergency
• 9:12
  Speaker 2: fund to feel a little bit more comfy and then
• 9:14
  Speaker 2: revert back to the way that you were spending. I
• 9:16
  Speaker 2: totally get it, but I think that we just need
• 9:18
  Speaker 2: to approach it a little bit differently.
• 9:20
  Speaker 4: Big thing here is, do not feel guilty about anything.
• 9:23
  Speaker 4: Don't feel guilty about wanting to indulge and maybe like
• 9:26
  Speaker 4: you're in a really stressed out situation because you're financially
• 9:29
  Speaker 4: not doing too well, Like, just don't feel guilty. This
• 9:31
  Speaker 4: is not on us. This is just the state of
• 9:33
  Speaker 4: the world, and we all have those small purchases that
• 9:35
  Speaker 4: slip through the.
• 9:35
  Speaker 2: Cracks one hundred percent. And the good news, Beck, is
• 9:38
  Speaker 2: that once you identify them, it's super easy to make
• 9:41
  Speaker 2: adjustments that give you so much more control over your money.
• 9:44
  Speaker 2: And that's empowering. Like today, I'm going to get all
• 9:47
  Speaker 2: Marie Condo on you because if you've seen my draws,
• 9:51
  Speaker 2: all my yoga leggings are like folded perfectly, and we're
• 9:54
  Speaker 2: going to do that for your finances. If these things
• 9:57
  Speaker 2: don't bring you joy, it's time to toss them out.
• 10:00
  Speaker 2: And do you know what I saw on TikTok the
• 10:02
  Speaker 2: other day because I'm chronically online, Beck, So someone was
• 10:06
  Speaker 2: saying that Marie Condo doesn't work for them. I get
• 10:09
  Speaker 2: it because like they go through and they're like, oh,
• 10:11
  Speaker 2: but like I'm a little bit of a hoarder and
• 10:12
  Speaker 2: I just need that maybe i'll need it later. And
• 10:15
  Speaker 2: someone did a stitch Beck and they said, all right,
• 10:20
  Speaker 2: I'm going to teach you the dog poo method. Have
• 10:24
  Speaker 2: you heard of the dog poo method?
• 10:26
  Speaker 1: No?
• 10:26
  Speaker 4: I have, never mind.
• 10:27
  Speaker 2: Okay, so if dog pooh got on that item, Yeah,
• 10:31
  Speaker 2: would you clean it and save it or would you
• 10:33
  Speaker 2: toss it out?
• 10:34
  Speaker 4: Yes, I did hear about this.
• 10:36
  Speaker 2: That is such a good So the dog poom method.
• 10:38
  Speaker 2: If the Marie Condo method isn't going to work for
• 10:41
  Speaker 2: you and there was dog poo on that item, would
• 10:43
  Speaker 2: you just throw it out or would you clean it
• 10:45
  Speaker 2: and save it and look after it anyway?
• 10:48
  Speaker 4: Oh, that's a really good way look at it.
• 10:50
  Speaker 2: Yeah, because there are so many things that I would
• 10:52
  Speaker 2: just yeet straight out if I had dog poo on it.
• 10:54
  Speaker 2: But like I would probably second guess about keeping in
• 10:56
  Speaker 2: my house. And recently that has been working for me.
• 10:59
  Speaker 2: So like, I don't know if that helps other people,
• 11:01
  Speaker 2: but it helped me, so I thought i'd share it.
• 11:03
  Speaker 4: So sorry, what's the Mariecondo method?
• 11:05
  Speaker 2: Some Mariecondo is if it doesn't spark joy in your life,
• 11:07
  Speaker 2: it is time to remove it from your life of course,
• 11:09
  Speaker 2: of course, right, So, things like those sneaky subscriptions that
• 11:12
  Speaker 2: you don't even remember signing up for or don't live
• 11:15
  Speaker 2: up to the hype. But let's go into our iPhone
• 11:17
  Speaker 2: settings and into our Google Play account and just get
• 11:19
  Speaker 2: rid of them. Press pause and do it right now,
• 11:22
  Speaker 2: like literally press pause on this podcast. Go have a look.
• 11:26
  Speaker 2: I'm a wait. We'll wait by here by wait, We'll
• 11:28
  Speaker 2: see you on the flip side.
• 11:29
  Speaker 4: Okay, I'm going to do it too. What about the
• 11:30
  Speaker 4: things that do make you happy or you do need?
• 11:33
  Speaker 4: And these two things aren't mutually exclusive.
• 11:35
  Speaker 2: We're not here to reign on your parade. Times are
• 11:37
  Speaker 2: tough enough as it is, and we still need to
• 11:39
  Speaker 2: enjoy life. So if they make you happy, I want
• 11:42
  Speaker 2: you to ask yourself, is there a cheapest swap that
• 11:44
  Speaker 2: could work just as well? And we know in our
• 11:47
  Speaker 2: She's on the Money community it's full of savvy individuals,
• 11:50
  Speaker 2: so I actually asked them for you for a little
• 11:53
  Speaker 2: bit of help on this episode. So after the break,
• 11:55
  Speaker 2: let's get clever about our spending together.
• 11:58
  Speaker 4: Yay, okay, everyone, we are back, and before the break,
• 12:05
  Speaker 4: you promise us some clever cost of living hacks.
• 12:08
  Speaker 2: Va I did? I set myself up for success because
• 12:11
  Speaker 2: I asked the Sheese on the Money community when I
• 12:13
  Speaker 2: put up the post in our Facebook group, and if
• 12:15
  Speaker 2: you're not in there, what are you doing? I will
• 12:17
  Speaker 2: link it in the show notes for you. You need
• 12:18
  Speaker 2: to join us. The post got so many people just
• 12:21
  Speaker 2: putting the comment f in there to follow the post.
• 12:24
  Speaker 2: So I know that this is one that all of
• 12:27
  Speaker 2: you have been wanting and one of the biggest reoccurring themes.
• 12:31
  Speaker 2: Beck no surprise, it was food.
• 12:34
  Speaker 4: I totally get it. We need it.
• 12:36
  Speaker 2: Meat is definitely one of the more expensive items in
• 12:38
  Speaker 2: our grocery cards, and it's no surprise when you consider
• 12:41
  Speaker 2: that according to the University of Newcastle, Australians spend around
• 12:45
  Speaker 2: fifteen percent of their weekly food budget BECK on meat alone.
• 12:49
  Speaker 2: That can add up, and it can add up really fast.
• 12:52
  Speaker 2: But our community have some super clever ways to make
• 12:54
  Speaker 2: it stretch without cutting it out completely. I know there
• 12:58
  Speaker 2: are so many people that are going to be like meals,
• 13:00
  Speaker 2: not a meal unless there's a big source of animal protein.
• 13:03
  Speaker 2: So for example, you can bowlk up your meals by
• 13:06
  Speaker 2: adding cheaper ingredients, like you could add some lentils or
• 13:09
  Speaker 2: some mushrooms. They blend super easily into dishes. I've been
• 13:12
  Speaker 2: doing it in spag bowl. I also do like a
• 13:14
  Speaker 2: grated zucchini and a carrot. I feel like a zucchini
• 13:18
  Speaker 2: and a carrot grated have the same volume as mince,
• 13:22
  Speaker 2: but cost me like a dollar. Yes, that's true, legit
• 13:24
  Speaker 2: money win. They blend into dishes so easily, so you
• 13:27
  Speaker 2: can still get the flavor of the meat, but at
• 13:29
  Speaker 2: a fraction of the cost. And as a bonus, you're
• 13:32
  Speaker 2: getting some sneaky veggies in you're making your meals healthier
• 13:35
  Speaker 2: as well. Another spart tip, Beck is to buy larger
• 13:39
  Speaker 2: cuts of meat, like a roast and slow cooker truo oh,
• 13:42
  Speaker 2: I love coming home to like a slow cooker smell.
• 13:46
  Speaker 2: That way, you're going to get multiple meals from the
• 13:48
  Speaker 2: one cut, think leftovers for sandwiches, tacos, or even meal
• 13:52
  Speaker 2: prep for the week. And if you're looking for some
• 13:55
  Speaker 2: extra savings, maybe consider a meat box, which often offer
• 13:59
  Speaker 2: a variety of different cuts at a lower price. Plus
• 14:02
  Speaker 2: you can get some freezer portions for later, making it
• 14:05
  Speaker 2: easier to plan and budget. These small tweaks can really
• 14:08
  Speaker 2: help make your grocery dollars go further without sacrificing your
• 14:12
  Speaker 2: favorite meals. I think too often, Beck, we're always looking
• 14:15
  Speaker 2: for like a budget version of your favorite meals, and
• 14:18
  Speaker 2: you're like, well, I don't really like lentil tacos, but
• 14:21
  Speaker 2: like you could use lentils to beef up your tacos,
• 14:24
  Speaker 2: meaning that you still get your favorite foods. But it's
• 14:27
  Speaker 2: more cost effective.
• 14:28
  Speaker 4: Yes, exactly. And with the slow cooker thing, isn't it
• 14:31
  Speaker 4: so nice? It's so wholesome to just chuck everything in
• 14:34
  Speaker 4: a pot, honestly objectively, And I know this is universal.
• 14:38
  Speaker 4: The slow cooker is the hardest thing to clean ever
• 14:41
  Speaker 4: in the entire gosh, I did you.
• 14:42
  Speaker 2: Know you even buy slow cooker liners side? How do
• 14:45
  Speaker 2: you do that? Oh? I mean they're probably not that
• 14:47
  Speaker 2: cost effective. But if that's the biggest issue for you
• 14:51
  Speaker 2: at this point anytime, it's just good to know that exists.
• 14:53
  Speaker 4: That is so good to know. So v when it
• 14:56
  Speaker 4: comes to saving on groceries in general, I love this,
• 14:58
  Speaker 4: Hannah says. She looks at the lower and higher shelves
• 15:01
  Speaker 4: for the cheaper price per kilogram. She says, the eye
• 15:04
  Speaker 4: height is usually the most expensive.
• 15:06
  Speaker 2: Oh so true. Have you ever watched one of those
• 15:09
  Speaker 2: documentaries on supermarket marketing? They're all over YouTube. That's a
• 15:13
  Speaker 2: good activity for tonight. Look up supermarket marketing documentaries. There
• 15:18
  Speaker 2: are so many of them. And it's all about the layout,
• 15:21
  Speaker 2: like how all of the fresh food and the milks
• 15:23
  Speaker 2: at the back, and all of the stuff that you
• 15:26
  Speaker 2: don't actually need is in the middle of the supermarket,
• 15:28
  Speaker 2: but you have to walk through it. Oh my gosh,
• 15:30
  Speaker 2: it is so clever, so clever. And of course the
• 15:32
  Speaker 2: She's on the money community are loving the supermarket rewards
• 15:35
  Speaker 2: programs at the moment and getting their monthly ten percent
• 15:38
  Speaker 2: off shop and saving up their points for Christmas time.
• 15:40
  Speaker 2: Beck and we are all stocking up and buying in
• 15:42
  Speaker 2: bulk when those big ticket items are half priced, which
• 15:45
  Speaker 2: beck A love a half priced moment, love a bug.
• 15:48
  Speaker 2: I love when you see that something's fifty percent off.
• 15:50
  Speaker 2: You think this is a good money win. But then
• 15:52
  Speaker 2: I don't know about you. It sets me up to
• 15:54
  Speaker 2: expect it next time, and so next time that item
• 15:57
  Speaker 2: is not on sale, I'm like, what is this?
• 16:00
  Speaker 4: Maybe that's a good thing to do.
• 16:01
  Speaker 2: I'm a TikTok master. Yeah, there's a dude on TikTok
• 16:04
  Speaker 2: who tracks when the sales are going to happen, and
• 16:06
  Speaker 2: I think we need to drag some of that content over,
• 16:09
  Speaker 2: obviously giving him credit, but like sharing when things are
• 16:12
  Speaker 2: going to go on sale.
• 16:13
  Speaker 4: That's really clever.
• 16:14
  Speaker 2: I do notice.
• 16:15
  Speaker 4: So some things are always half priced, you know, back
• 16:17
  Speaker 4: rat knives, use wise house always clear it.
• 16:20
  Speaker 2: I don't know how can they afford to always a sale.
• 16:23
  Speaker 2: Is that their marketing strategy?
• 16:24
  Speaker 4: It must, because I feel like the half price is
• 16:26
  Speaker 4: what they're actually worth, but you're buying it because it's like,
• 16:28
  Speaker 4: oh my god.
• 16:29
  Speaker 2: Anyway, that's why I just don't go shopping. I can't
• 16:32
  Speaker 2: set for in Chadstone. It's a slippery slope for me.
• 16:35
  Speaker 1: It really is.
• 16:36
  Speaker 4: Should we talk about one of the biggest budget killers
• 16:38
  Speaker 4: when it comes to food?
• 16:39
  Speaker 2: Yes, and you know what it is, Beck, it's food waste. Yes.
• 16:42
  Speaker 2: The average Oussie household bin's about thirty eight hundred dollars
• 16:45
  Speaker 2: worth of food each and every single year. To me,
• 16:48
  Speaker 2: that is insane. Storing your food properly is of course
• 16:52
  Speaker 2: going to help with that. And Angels swears by the
• 16:55
  Speaker 2: Tupperware fridge smarts. I hadn't ever heard of these, She says.
• 16:58
  Speaker 2: She bought them like years ago and uses them religiously.
• 17:02
  Speaker 2: She says she almost never wastes fresh food anymore.
• 17:05
  Speaker 4: Beck, Oh man, that is so good.
• 17:07
  Speaker 2: Oh this is like a subtle plug. Obviously not a
• 17:10
  Speaker 2: paid sponsorship from Marley Spoon, but my food waste, Beck
• 17:14
  Speaker 2: has gone down so significantly since getting Marley Spoon, Because
• 17:18
  Speaker 2: I'm just ordering the meals that I'm cooking and like
• 17:21
  Speaker 2: because they're also like pre bundled together. I can see them,
• 17:24
  Speaker 2: like I know that they're there, and I know I'm
• 17:26
  Speaker 2: going to cook them. Like it's not forgetting that there's
• 17:29
  Speaker 2: a zucchini in the bottom of the fridge and I
• 17:31
  Speaker 2: can't remember what that was for. I don't know, Like
• 17:33
  Speaker 2: it has just been a game changer for us. Obviously,
• 17:36
  Speaker 2: I have a code for you. Use the code Victoria,
• 17:39
  Speaker 2: and you'll get up to two hundred and thirty five
• 17:41
  Speaker 2: dollars off your first five boxes. Beck. I did the maths,
• 17:45
  Speaker 2: and obviously this is a bit of a money win. Like,
• 17:47
  Speaker 2: if you're not into it, don't do it. I order
• 17:50
  Speaker 2: Marley Spoon every week. I do three meals for two
• 17:53
  Speaker 2: adults and get enough for our baby as well to have, like,
• 17:56
  Speaker 2: you know, a little bit of a sneaky snack on
• 17:58
  Speaker 2: the side. Ye, And I worked out if you use
• 18:00
  Speaker 2: the code of Victoria, it becomes thirty eight dollars and
• 18:04
  Speaker 2: thirty four cents delivered next week for your three dinners
• 18:08
  Speaker 2: of groceries.
• 18:09
  Speaker 4: That is extraordinary.
• 18:11
  Speaker 2: That's actually a good deal. So I thought I just
• 18:12
  Speaker 2: dropped this on the pod because we're obviously talking about
• 18:14
  Speaker 2: saving money, and like even if you just try it,
• 18:17
  Speaker 2: like it's not a subscription. You can just go, oh,
• 18:20
  Speaker 2: I have one box and try it and see if
• 18:21
  Speaker 2: I like it, and if you don't like it, don't.
• 18:23
  Speaker 4: Stick to it, and that's your groceries.
• 18:25
  Speaker 2: Yeah, one hundred percent. Beck, I have been using Miley
• 18:28
  Speaker 2: Spoon since twenty seventeen, so like, I'm committed. Anyway, let's
• 18:31
  Speaker 2: get back to the show. Because it wasn't meant to
• 18:33
  Speaker 2: be about Marley Spoon, but I just thought in that moment,
• 18:35
  Speaker 2: I could save you some money, Yeah, if I got
• 18:38
  Speaker 2: to deals for you. Yeah, and I have noticed it too,
• 18:40
  Speaker 2: like there's no wasted that's really it's like they only
• 18:43
  Speaker 2: give you what you need for your recipe. Yeah, And
• 18:45
  Speaker 2: a lot of people used to be really worried about
• 18:47
  Speaker 2: like the plastic and all of the I do stuff
• 18:50
  Speaker 2: about that. Yet they don't do that anymore. It comes
• 18:52
  Speaker 2: in a paper bag and like literally they'll just be
• 18:54
  Speaker 2: like an onion and some tomatoes at the bottom of
• 18:57
  Speaker 2: the bag. Like they don't package them up. I would say,
• 18:59
  Speaker 2: the only thing they package up is things that you
• 19:02
  Speaker 2: have to package up. And you would get packages at
• 19:04
  Speaker 2: the supermarket already, like if they're like capers or something,
• 19:07
  Speaker 2: they're in a container, or if you're getting like herbs,
• 19:10
  Speaker 2: like the herbs would get smashed if they're not in
• 19:12
  Speaker 2: a container, if their own, but all of it, I
• 19:15
  Speaker 2: just chuck you my recycling money we have.
• 19:17
  Speaker 4: And you can say those little containers.
• 19:19
  Speaker 2: That's also if you hold the boxes, you can put
• 19:21
  Speaker 2: them on Facebook marketplace and someone will come and get
• 19:23
  Speaker 2: them for free when they're moving. He's what I did
• 19:25
  Speaker 2: last time, because like everyone loves a free box. I
• 19:29
  Speaker 2: don't know about you anyway, anyway, So back to the pod.
• 19:32
  Speaker 4: Yes, okay, should we move on to some other smart
• 19:35
  Speaker 4: ways to save?
• 19:36
  Speaker 2: Yes? And I mean, let's move away from food and
• 19:39
  Speaker 2: let's talk about the things we all just accept as
• 19:41
  Speaker 2: kind of a given, things like your phone plan and
• 19:43
  Speaker 2: your internet bills. We tend to think of them as
• 19:46
  Speaker 2: non negotiable, right, But the truth is you can get
• 19:49
  Speaker 2: real creative here. So take Lucy's tip from the group.
• 19:52
  Speaker 2: She's ditched her internet bill completely. Whoa how she got
• 19:56
  Speaker 2: a phone plan with unlimited data and now just hotspots
• 19:59
  Speaker 2: her laptop, no TV. Obviously she lives in a good
• 20:03
  Speaker 2: area and probably has good you know, five G no
• 20:06
  Speaker 2: more separate internet costs, and I think that's genius, right.
• 20:09
  Speaker 2: She's already paying for data, so why not just use
• 20:11
  Speaker 2: it to its full potential totally. With the average internet
• 20:14
  Speaker 2: bill monthly being seventy five dollars back, she's saving under
• 20:18
  Speaker 2: one thousand dollars a year for that. Oh my god,
• 20:20
  Speaker 2: that's a grand So how good.
• 20:22
  Speaker 4: And then we've got Chloe who's really got her phone
• 20:25
  Speaker 4: built down pat She and her partner were previously with Telstra,
• 20:28
  Speaker 4: paying one hundred dollars each a month, and.
• 20:29
  Speaker 2: They so spano that's all too much.
• 20:33
  Speaker 4: They have now switched to a family plan with Alimobile
• 20:36
  Speaker 4: paying just fifty five dollars a month for.
• 20:38
  Speaker 2: Both of them, for both of them.
• 20:40
  Speaker 4: Saving sevente hundred and fifty dollars a year just for
• 20:42
  Speaker 4: making a simple switch.
• 20:43
  Speaker 2: I feel like so many people in our community always
• 20:45
  Speaker 2: talking about phone plans, and I believe that Audimobile actually
• 20:49
  Speaker 2: uses the telstrap. Yeah, so that's extra smart. Same thing exactly.
• 20:53
  Speaker 2: And these are costs that we all think of as
• 20:55
  Speaker 2: completely unavoidable, but as Lucy and Chloe have showed us,
• 20:58
  Speaker 2: you can totally reth. It's about asking yourself, oh do
• 21:02
  Speaker 2: I really need this? Big, expensive plan that I've been
• 21:05
  Speaker 2: on for years, just because I can't be bothered looking
• 21:07
  Speaker 2: for an alternative and then finding smarter, more affordable alternatives.
• 21:11
  Speaker 2: And I mean, what a better time to do this
• 21:13
  Speaker 2: than now coming into Christmas Beck, we all want a
• 21:16
  Speaker 2: little bit more wiggle room. Absolutely, are communities so smart,
• 21:19
  Speaker 2: they are actually geniuses. This is why I just community
• 21:22
  Speaker 2: funded this episode. I was like, tips and tricks from me,
• 21:26
  Speaker 2: No tips and tricks from the community by everyone exactly,
• 21:29
  Speaker 2: and they're even finding smart alternatives to the gym. According
• 21:32
  Speaker 2: to World Fitness Australia, the average gym membership here costs
• 21:36
  Speaker 2: around seventy dollars a month, and that's excluding additional services
• 21:40
  Speaker 2: like if you've got like a personal trainer, yes unrelatable,
• 21:43
  Speaker 2: or you're doing like extra classes. But get this, almost
• 21:47
  Speaker 2: a quarter of people with memberships don't utilize their memberships
• 21:51
  Speaker 2: as anticipated. So even though people are paying almost a
• 21:54
  Speaker 2: grand for something a year than not even using.
• 21:57
  Speaker 4: It, there very relatable.
• 21:58
  Speaker 2: One of our community members, Fiona, told us she ditched
• 22:02
  Speaker 2: her expensive membership and has switched to using the sam
• 22:05
  Speaker 2: Woods app on her phone at home. Not only is
• 22:08
  Speaker 2: she saving money, but she's actually working out more which
• 22:11
  Speaker 2: is a double win. I love that, Beck because I've
• 22:13
  Speaker 2: actually just started that because like, I had every intention
• 22:16
  Speaker 2: of returning back to plates or gym classes, and I
• 22:19
  Speaker 2: couldn't find the time, and then I didn't want to
• 22:21
  Speaker 2: do it. I'm not gonna lie when your gym class
• 22:23
  Speaker 2: is at five point thirty and you're telling me I
• 22:26
  Speaker 2: could pick my kid up early from daycare. Yeah, I'm
• 22:30
  Speaker 2: going to pick my kid up. Oh sorry, So I've
• 22:32
  Speaker 2: been going home and doing my workouts there. Anyway, back
• 22:35
  Speaker 2: on track, Danielle has started doing free yoga and tai
• 22:38
  Speaker 2: chi at her local library instead of paying for classes
• 22:41
  Speaker 2: at a studio, saving twenty five bucks a class. What.
• 22:44
  Speaker 2: I didn't even know that was a thing.
• 22:46
  Speaker 4: Yeah, I didn't know that was the thing.
• 22:47
  Speaker 2: That is so cool.
• 22:49
  Speaker 4: It definitely is worth looking around your local community to
• 22:51
  Speaker 4: see what alternatives there are to a traditional gym, because
• 22:54
  Speaker 4: you know, there's also those like, you know, park gyms.
• 22:56
  Speaker 4: I don't even know.
• 22:57
  Speaker 2: I know I've seen them, and I love that idea.
• 23:00
  Speaker 2: Also YouTube yoga, Yes, I love it. Anything really Okay,
• 23:07
  Speaker 2: what else have we got? All Right, So a lot
• 23:08
  Speaker 2: of our community members are praising the ideas of going
• 23:11
  Speaker 2: back to cash for everyday spending. When you pay with cash,
• 23:14
  Speaker 2: you experience something called payment pain. I think you'll be
• 23:17
  Speaker 2: able to relate to this, because I definitely can. It's
• 23:19
  Speaker 2: that little sting you feel when you have to physically
• 23:22
  Speaker 2: hand over a Christine note, which makes you more mindful
• 23:25
  Speaker 2: of your spending, And studies of showing that people tend
• 23:28
  Speaker 2: to spend less with cash because they can literally see
• 23:31
  Speaker 2: their money disappearing. Yes, and Georgie has gone back to
• 23:35
  Speaker 2: the basics, and she's started asking herself that simple but
• 23:38
  Speaker 2: really powerful question, is this a want or is it
• 23:41
  Speaker 2: a need? Now? There's actually some science behind this. When
• 23:45
  Speaker 2: we pause to question a purchase, it actually engages our
• 23:48
  Speaker 2: prefrontal cortex, the part of our brain responsible for decision
• 23:52
  Speaker 2: making and impulse control. By taking a really good moment
• 23:55
  Speaker 2: to reflect, we can actually override those instant emotional decisions
• 24:00
  Speaker 2: sometimes make when we're tempted by something shiny and new,
• 24:02
  Speaker 2: which beg I'm really good at I'm basically abour bird.
• 24:05
  Speaker 2: It's shiny, I want it, I need it, which is
• 24:07
  Speaker 2: why I'm always telling you guys to put twenty four
• 24:10
  Speaker 2: hours between you and your spending, because that's basically me
• 24:13
  Speaker 2: reminding myself to do that every single time I say that, Yes,
• 24:17
  Speaker 2: great idea.
• 24:17
  Speaker 5: Oh.
• 24:18
  Speaker 2: Mikayla from the group has started to rethink spending by
• 24:21
  Speaker 2: calculating how much work time it costs her. So instead
• 24:25
  Speaker 2: of seeing a price tag, she's asking herself how many
• 24:27
  Speaker 2: hours she'd need to work at work to cover that. So,
• 24:30
  Speaker 2: for example, let's say you're craving like seventy dollars worth
• 24:33
  Speaker 2: of uberaates sure, which, let's be honest, Uber eats nowadays
• 24:37
  Speaker 2: is seventy dollars crazy, so annoying. Historically, I'm like, oh,
• 24:41
  Speaker 2: maybe uber eats like it's a special treat, but in
• 24:43
  Speaker 2: my head it's like forty dollars it's not. Yeah, that
• 24:46
  Speaker 2: might seem reasonable to you, but if it takes you
• 24:50
  Speaker 2: two hours of work to earn that money, you might
• 24:52
  Speaker 2: start to wonder is that actually worth? It is like
• 24:55
  Speaker 2: dinner worth two hours of my hard earned host tax
• 24:59
  Speaker 2: cas Speck Like, do I want to do that?
• 25:02
  Speaker 1: Do you know what?
• 25:02
  Speaker 2: Eggs just got way more appealing? Oh my god, having
• 25:06
  Speaker 2: eggs on toast for dinner underrated.
• 25:08
  Speaker 4: It bend you mind.
• 25:08
  Speaker 2: Butter on toast and linked dinner cool dinner actually.
• 25:13
  Speaker 4: Really makes you think twice Sometimes it's less about money
• 25:15
  Speaker 4: and more about how.
• 25:16
  Speaker 2: Much of your time you're trading for the purchase.
• 25:18
  Speaker 4: That's true. Is yeah, such a good way to look
• 25:20
  Speaker 4: at it.
• 25:20
  Speaker 2: So bec as you can see, in times of crisis,
• 25:22
  Speaker 2: we really need to get clever and a little bit
• 25:24
  Speaker 2: smart with how we're approaching our spending. There are definitely
• 25:27
  Speaker 2: some smart ways to cut costs and still keep the
• 25:30
  Speaker 2: things that bring you joy. Of course, we should be
• 25:33
  Speaker 2: thinking about ways to generate more income. Let's be honest.
• 25:36
  Speaker 2: We need to be asking for that pay rise or
• 25:39
  Speaker 2: tackling our debt a little bit more aggressively. And we're
• 25:41
  Speaker 2: going to deep dive into those strategies in the coming weeks.
• 25:44
  Speaker 2: But for today, my friend, it is all about finding
• 25:46
  Speaker 2: those small, clever hacks that can make a really big difference.
• 25:50
  Speaker 2: Whether it's switching your phone plans, or bulging up your
• 25:52
  Speaker 2: meals with cheaper ingredients, or going back to cash to
• 25:55
  Speaker 2: stay more mindful with your spending. It's all about finding
• 25:58
  Speaker 2: ways to take control in a tough environment.
• 26:01
  Speaker 4: Beautifully worded, that is exactly right. And what's great is
• 26:05
  Speaker 4: these tips aren't about depriving yourself.
• 26:07
  Speaker 2: No, we're not about that life. We're about enjoying the journey. Absolutely.
• 26:11
  Speaker 4: It can be kind of find like challenging yourself a
• 26:12
  Speaker 4: little bit, but they're about being smart with what you
• 26:14
  Speaker 4: have and you can still enjoy your life even when
• 26:17
  Speaker 4: things are tired. It's just a matter of making a
• 26:18
  Speaker 4: few tweaks to stretch adults.
• 26:20
  Speaker 2: On one hundred percent. If you want the complete rundown
• 26:22
  Speaker 2: of the cost of living hacks, head to our Facebook
• 26:25
  Speaker 2: group and add your own. If you're hungry for more
• 26:27
  Speaker 2: savvy saving episodes, don't forget to hit that subscribe button.
• 26:32
  Speaker 4: I think it's a really good place to leave it.
• 26:33
  Speaker 2: Oh, perfect place to leave it. Have a really beautiful
• 26:36
  Speaker 2: rest of the week, guys, and we will see you
• 26:38
  Speaker 2: on Friday.
• 26:39
  Speaker 4: Bye guys.
• 26:45
  Speaker 5: By shared on She's on the Money is general in
• 26:48
  Speaker 5: nature and does not consider your individual circumstances. She's on
• 26:52
  Speaker 5: the Money exists purely for educational purposes and should not
• 26:55
  Speaker 5: be relied upon to make an investment or financial decision.
• 26:59
  Speaker 2: If you do choose to buy a financial product.
• 27:01
  Speaker 5: Read the PDS TMD and obtain appropriate financial advice tailored
• 27:05
  Speaker 5: towards your needs. Victoria Divine and Sheese on the Money
• 27:09
  Speaker 5: are authorized representatives of Money sherper p t y l
• 27:12
  Speaker 5: t D A b N three two one six four
• 27:15
  Speaker 5: nine two seven seven zero eight afs L four five
• 27:19
  Speaker 5: one two eight nine