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FRIDAY DRINKS: Another G & J Fri-yay · She's On The Money

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Speaker 1: Just before we get started, we'd like to acknowledge and
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Speaker 1: pay respect to Australia's Aboriginal and torrest Rate islander people's.
0:07
Speaker 1: They're the traditional custodians of the lands, the waterways and
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Speaker 1: the skies all across Australia. We thank you for sharing
0:13
Speaker 1: and for caring for the land on which we are
0:16
Speaker 1: able to learn. We pay respects to elders past and present,
0:19
Speaker 1: and we share our friendship and our kindness.
0:22
Speaker 2: She's on the Money, She's on the Money. Hello, and
0:46
Speaker 2: welcome to She's on the Money, the podcast for millennials
0:49
Speaker 2: who want financial freedom. Today is Friday, which means it's
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Speaker 2: time to sit back with the girls with a bev
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Speaker 2: in hands, to unpack our favorite moments of the week,
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Speaker 2: and of course, to celebrate you She's on the Money community.
1:02
Speaker 2: As always, we'll be sharing our favorite money wins, we'll
1:05
Speaker 2: discuss what's making news in the She's on the Money world,
1:08
Speaker 2: and we'll also be helping to answer a juicy money question,
1:12
Speaker 2: which this week is all about savings burnout. Before we
1:17
Speaker 2: jump into a recap of the week that was, you
1:19
Speaker 2: may notice this is not Victoria Divine speaking.
1:22
Speaker 3: This is Georgia King's speaking. And Jessica. Ricky's taking ARCHI.
1:26
Speaker 3: We're back.
1:27
Speaker 2: We are not doing a gnj Q and.
1:29
Speaker 3: A No we did that last week. Yeah, I've been there,
1:31
Speaker 3: done that.
1:31
Speaker 2: But unfortunately Victoria is still sick. The woman can't speak.
1:35
Speaker 3: It's not great. That's why there's so.
1:37
Speaker 2: Much George just content right now.
1:39
Speaker 3: But we're not mad, it really is. We've just taken
1:41
Speaker 3: over the show. See getting a bit more of us
1:42
Speaker 3: this week. Hopefully you don't mind too much. But should
1:45
Speaker 3: we start with the week that was on Monday? Of course,
1:48
Speaker 3: let's do it. This week's diarist was a single mum
1:51
Speaker 3: and she's living on welfare and it was a really
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Speaker 3: good chat. It was one of the diaries that we
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Speaker 3: put the call out for if you don't follow us
1:58
Speaker 3: on Instagram, every once in a while we put out
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Speaker 3: a list of people that we'd really like to talk
2:01
Speaker 3: to in the interest of keeping things diverse and interesting
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Speaker 3: and you know, people from all different walks of life.
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Speaker 3: And so this week's diris was a mum living on
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Speaker 3: welfare and just really side hustling her life away. She
2:14
Speaker 3: had so many side hustles going on and she was
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Speaker 3: just really saying that every little bit counted she was
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Speaker 3: trying to make it work. She has a beautiful little
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Speaker 3: girl and that's who she's doing it all for. She
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Speaker 3: had left a abusive relationship and was going through a
2:28
Speaker 3: really extensive court process. So if you've ever been through
2:32
Speaker 3: something like that, those things can take a really long
2:34
Speaker 3: time to play out, which is really hard when you're
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Speaker 3: just trying to move on with your life and look
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Speaker 3: after your family and do the best that you can.
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Speaker 3: And I think it was a really cool perspective to
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Speaker 3: see that even someone who has been through something incredibly challenging,
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Speaker 3: emotionally traumatic, and with so much going on, being a
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Speaker 3: young mum, she was just like, Nope, I've got to
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Speaker 3: make it work. And you know, if I have to
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Speaker 3: take out the binins once a week for a business,
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Speaker 3: that's what I'm going to do. That was cool.
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Speaker 2: I caught that episode on the way in today, Jess,
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Speaker 2: and that stuck out to me as well as being
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Speaker 2: a really quirky kind of side hustle. I have you
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Speaker 2: never heard of that before? But well, did it pay
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Speaker 2: like two grand a year or something?
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Speaker 3: Yeah, And like that's it's such a good example of
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Speaker 3: from little things big things, we say, like that little
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Speaker 3: bit of money that little job, she says, she takes
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Speaker 3: her daughter with her and we you know, up and
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Speaker 3: down the driveway taking out the bins. But over the
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Speaker 3: course of a year, it really adds up, particularly when
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Speaker 3: you're in a position where you know you don't have
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Speaker 3: a lot coming in when you're on welfare. We've spoken
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Speaker 3: about before. It's not a huge amount, particularly with the
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Speaker 3: cost of living increasing, and so she's had to find
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Speaker 3: a way to make that work for her.
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Speaker 2: Yeah, brilliant. Shall we talk about Wednesday's episode?
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Speaker 3: Yeah, tell me all about it. Look, you were on
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Speaker 3: it mag you and I.
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Speaker 2: We spoke all about income guilt and why we feel it.
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Speaker 2: We have both experienced it, so it was a really
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Speaker 2: interesting chat. We spoke about imposter syndrome, one of our favorites,
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Speaker 2: and we also spoke about ways of combating that feeling
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Speaker 2: of guilt, be that from over earning or feeling like
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Speaker 2: you overearn or perhaps under earning. So, yeah, it was
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Speaker 2: a really interesting chat.
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Speaker 3: Yeah, good one because it comes from both directions. Really
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Speaker 3: does ext the over and the under earning. We went
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Speaker 3: on a bit of a rant about emerging industries as
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Speaker 3: well to both of us working in that space, and
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Speaker 3: you know, people sometimes not giving it the respect that
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Speaker 3: it should have for so, you know, got a few
4:16
Speaker 3: tickets on myself. But I think it was a great effict.
4:18
Speaker 3: Yeah it was. It was an what else is great? Yeah?
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Speaker 2: I try.
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Speaker 3: I'm trying so hard to be as good as do
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Speaker 3: it the segway.
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Speaker 2: I'm terrible at them.
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Speaker 3: Should we get into the budget direct money wins of
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Speaker 3: the wheat joy Let's do a girl my favorite time
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Speaker 3: of the week.
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Speaker 2: The first win here comes from Lizzie. After last week's
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Speaker 2: loss of being a good Samaritan and telling the pet
4:37
Speaker 2: shop that they delivered the wrong size of dog food
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Speaker 2: fifteen kilos instead of six kilos and taking them back.
4:43
Speaker 2: This week, Willies accidentally gave us a free four pack
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Speaker 2: of cup of noodles.
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Speaker 3: I'm taking that as a week and as.
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Speaker 2: You should, Lizzie. I bloody love it. She's written hashtag
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Speaker 2: Karma comes back in noodles. Lizzie gets it. I love you, Lizzie.
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Speaker 2: Next up is jes A. A few months ago, it
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Speaker 2: came to light that I would be eligible for back
5:02
Speaker 2: pay as my role at work had changed a lot
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Speaker 2: during COVID. To receive the back pay, I did have
5:07
Speaker 2: to go through almost a year's worth of pace lips
5:09
Speaker 2: and figure out not only the time I performed in
5:12
Speaker 2: a different role, but also the different penalty rates and
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Speaker 2: overtime I performed. A headache.
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Speaker 3: That's a lot to go through. Now.
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Speaker 2: I know some of you guys really love your spreadsheets,
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Speaker 2: but it does not come naturally for me, so I
5:23
Speaker 2: kept on putting off figuring it all out.
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Speaker 3: I hear you, Jess.
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Speaker 2: Anyway, I found myself in quarantine with COVID a few
5:29
Speaker 2: months ago, and my wonderful partner helped me add it
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Speaker 2: all up and figure it all out. I submitted it
5:34
Speaker 2: totally forgot about it until this week. It came in
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Speaker 2: and instead of getting my normal paycheck between three thousand
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Speaker 2: and four thousand dollars per fortnight, I got paid close
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Speaker 2: to twenty thousand dollars. How much four ten thousand dollars
5:49
Speaker 2: post tax for the fortnight not a bad date at
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Speaker 2: the office. I had no idea it would be that much,
5:54
Speaker 2: safe to say, I was stoked and really grateful that
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Speaker 2: my partner encouraged me to figure it all out and
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Speaker 2: submit it. I put all the savings into my house deposit,
6:02
Speaker 2: and I give you.
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Speaker 3: Break that down over the amount of hours that you
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Speaker 3: spent doing all that admin, your hourly rate would be
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Speaker 3: pretty schmid. That's true. That is true.
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Speaker 2: But also how clever is she to be putting that
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Speaker 2: savings towards her house deposit? How many of us would
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Speaker 2: just be like, well, I'll better spend a couple of
6:16
Speaker 2: ga on some clothes.
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Speaker 3: I don't know.
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Speaker 2: I con that's our back Yeah, exactly right, So well
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Speaker 2: done to you, Jess, yep, good job, alrighty Jess. The
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Speaker 2: next one comes from Zara. It's a money loss, but
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Speaker 2: maybe it's a future money win. I bought a second
6:30
Speaker 2: hand Kowasaki motorbike for a fantastic price. While that has
6:34
Speaker 2: set me back a little bit financially, within a year
6:36
Speaker 2: and a half of writing it to work and elsewhere,
6:38
Speaker 2: I would have saved that amount in petrol and reduced
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Speaker 2: my carbon emissions. Feeling pretty estatic, she also got a
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Speaker 2: free six hundred dollars jacket from a friend fantastically so
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Speaker 2: she doesn't need to buy that.
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Speaker 3: It's motorbike.
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Speaker 2: Double win, motorbike girl, we love it. The next win
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Speaker 2: that comes from Bree money win. My boyfriend and I
6:55
Speaker 2: went out to celebrate our one year anniversary. Congratulations Brie.
6:59
Speaker 2: The food took a little longer than usual, so the
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Speaker 2: restaurant paid for our drinks and we were a good
7:03
Speaker 2: few cocktails in, so it's a good result. Well done, Brie.
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Speaker 2: The next week, it comes from Sarah. I've been looking
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Speaker 2: at buying a full length mirror for my apartment for ages,
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Speaker 2: but they're all like four hundred dollars new, so I
7:14
Speaker 2: just couldn't justify the price. I went on Facebook marketplace randomly,
7:19
Speaker 2: and someone was giving away nine groovy floor length mirrors
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Speaker 2: for free.
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Speaker 3: The only catch was that.
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Speaker 2: I did have to take allmine, so now my house
7:27
Speaker 2: looks a little bit like a changing room. I'm super
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Speaker 2: stoked at my find though, and I might give a
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Speaker 2: few away to my friends to spread the joy around.
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Speaker 2: Did you see this in the group?
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Speaker 3: No? I mean mirrors are gorgeous.
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Speaker 2: Sarah has got any left? I know a girl me
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Speaker 2: it was pretty keen. I'm taking one off your hands,
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Speaker 2: but a very cool and quirky win there. The final
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Speaker 2: win of today comes from Brodie money Win. I lost
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Speaker 2: my phone in the car park of our Locals shopping
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Speaker 2: center while running my crying newborn back to the car. Flustered,
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Speaker 2: I didn't realize until I got to the car that
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Speaker 2: it didn't connect to my blue tooth, and then rushed
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Speaker 2: to the service where a lovely gentleman had handed my
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Speaker 2: phone back in with all the bank cards, health cards
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Speaker 2: and cash still in there. I was walking back to
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Speaker 2: the car where a local radio station was doing a
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Speaker 2: promo where you press a button for the chance to win.
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Speaker 3: I was feeling lucky.
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Speaker 2: I pressed a button and I won one thousand dollars.
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Speaker 2: So my tears of gratitude turned to tears of joy.
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Speaker 2: Not only did I not need to buy a new
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Speaker 2: phone license and chase new cards, but I also got
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Speaker 2: to spoil my girls with a playroom brieferb and a
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Speaker 2: weekend away wholesome.
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Speaker 3: What a good way to end them. Yeah, it's been
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Speaker 3: so good celebrating some of your budget Direct money wins
8:34
Speaker 3: for award winning insurance search Budget Direct, Budget Direct Insurance Solved.
8:39
Speaker 3: Let's head to a break, George, and then when we
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Speaker 3: come back, we've got some fun exciting shoes on the
8:44
Speaker 3: money use and a chance to win something la la. See.
8:47
Speaker 3: Then already we normally tackle some news in this slot
8:53
Speaker 3: on the podcast, but to be honest, this week it's
8:55
Speaker 3: all been election and a lot of other stuff. That
8:58
Speaker 3: really is just a bit heavy, I think for the week.
9:01
Speaker 3: And on the flip side, we have some fun sheees
9:03
Speaker 3: on the Money news and updates to share, so we thought,
9:06
Speaker 3: why not be a little little self promotional share the
9:08
Speaker 3: fun things. There's a good chance for you to win something,
9:11
Speaker 3: so stick to the end to hear that. First things first,
9:14
Speaker 3: if you follow us on Instagram, you would have seen
9:16
Speaker 3: that last week we did a fundraiser for TLC's Trackie
9:19
Speaker 3: Act Day. Ye incredible stuff TLC for kids. As you
9:23
Speaker 3: guys know, Victoria's the treasurer of that charity and they
9:26
Speaker 3: do amazing work giving kids their last ride, kids with
9:29
Speaker 3: chronic illness and all other kinds of problems and it's
9:32
Speaker 3: just a really special thing to be able to be
9:34
Speaker 3: involved with. And every year they have their annual Trackie
9:36
Speaker 3: Act Day. Don't have to tell me twice to wear
9:38
Speaker 3: my tracksuit pants, that's what's for sure. See you wear
9:40
Speaker 3: your tracksuit pants. And we had some amazing prizes to
9:43
Speaker 3: give away from some of our favorite brands. Of course,
9:46
Speaker 3: when I got a Shees on the Money master Class,
9:48
Speaker 3: a Jagged give voucher, a huge Mecha prize pack for
9:51
Speaker 3: the Full Sunday Body range and a subscription to keep
9:53
Speaker 3: it cleaner, and we were able to raise over two
9:56
Speaker 3: thousand dollars. Amazing, So thank you so much to everybody
10:00
Speaker 3: who bought a ticket. Genuinely, it's so special to us
10:02
Speaker 3: to be able to raise the money for a great
10:05
Speaker 3: charity and kind of put our work beyond ourselves and
10:08
Speaker 3: put someone else up the front and share their cause
10:11
Speaker 3: and just do something really special. So thank you so
10:13
Speaker 3: much if you donated, or if you shared, or if
10:15
Speaker 3: you wore your track suit pants, any little bit like
10:18
Speaker 3: that really really counts and gotish to where we were.
10:20
Speaker 2: Exactly right, and throw tales see for kids to follow
10:23
Speaker 2: it on Instagram if you don't follow them already. They
10:25
Speaker 2: are doing incredible work. They're a humble bunch, so they
10:28
Speaker 2: don't really sing their own praises, so we'll do it
10:30
Speaker 2: for them. Yeah, definitely, but maybe we'll throw that in
10:32
Speaker 2: the show notes if we can.
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Speaker 3: Yeah. Incredible with the book as well. We kind of
10:37
Speaker 3: we outed this last week, so I won't spend too
10:39
Speaker 3: long on it. But a few people like what so
10:42
Speaker 3: a little more information for you because clearly we didn't
10:44
Speaker 3: give enough. The second seese on the Money Book, it's
10:47
Speaker 3: all about investing, which is very exciting. You know how
10:50
Speaker 3: passionate we are about it here, and so it only
10:52
Speaker 3: made sense for it to be the second book. I
10:55
Speaker 3: have had a sneaky peek at the manuscript and guys,
10:58
Speaker 3: it's a good one. It's it's fully actionable. It takes
11:01
Speaker 3: you right the way through from what everything is, what
11:03
Speaker 3: you need to know, what to look for, and you
11:05
Speaker 3: finish up with a really solid plan that you can
11:08
Speaker 3: put together yourself. You don't need to see a financial advisor.
11:11
Speaker 3: We are giving you all of the tools that you
11:13
Speaker 3: need to put yourself in that positive position without having
11:16
Speaker 3: to splash the cash on seeing somebody. So it's a
11:19
Speaker 3: really empowering read. Might be a little bit biased, but
11:22
Speaker 3: the first book was phenomenal and if you enjoyed that one,
11:26
Speaker 3: I can almost guarantee that you're going to enjoy the
11:28
Speaker 3: second one as well.
11:29
Speaker 2: So would you say that this book Jayrek is good
11:31
Speaker 2: for people who have maybe just started investing and people
11:34
Speaker 2: who also haven't like what stage of your journey should
11:36
Speaker 2: you be at?
11:37
Speaker 3: Like who's the best? It's kind of for everyone. So
11:39
Speaker 3: if you have started investing and you're maybe feeling like
11:42
Speaker 3: you're kind of know what you're doing, but not really.
11:45
Speaker 3: It's worth a read because Ve dives super deeply into
11:49
Speaker 3: different concepts, different ways of assessing shares. She talks about
11:53
Speaker 3: rebalancing your portfolio, tax all of those things that when
11:57
Speaker 3: you're first learning about investing and maybe your micro investing,
12:01
Speaker 3: you start with a smaller skill set and you build
12:02
Speaker 3: your way up. So it's written in a way that
12:05
Speaker 3: if you have no idea how to invest, you should
12:07
Speaker 3: walk away feeling empowered, or if you're kind of you've
12:10
Speaker 3: dipped your toe in the water. You've got a bit
12:11
Speaker 3: of an idea, but you're not feeling fully educated on
12:15
Speaker 3: all of the concepts yet. And the nice thing about
12:17
Speaker 3: a book is you can write on it, you can
12:19
Speaker 3: bookmarkt We saw a lot of people with the first
12:22
Speaker 3: one putting those fun colorful tabs in it, and you
12:25
Speaker 3: can come back to it again and again, and it's
12:27
Speaker 3: really tangible. So I think for kind of anyone along
12:30
Speaker 3: the journey, it's a really good rate.
12:32
Speaker 2: And a good little gift perhaps as well, I can't think,
12:35
Speaker 2: I mean Christmas is a little far away, but still
12:38
Speaker 2: get organized girlies.
12:39
Speaker 3: Well it is on sale right now, so if you
12:41
Speaker 3: did want to get yourself a pre order. You can
12:43
Speaker 3: save yourself a cheek heat twenty percent for you for
12:45
Speaker 3: a gift, whatever you want to do.
12:47
Speaker 2: That's the money in and it comes out in September.
12:49
Speaker 2: If I am not mistaken, September twentieth.
12:51
Speaker 3: Correct, it's not far away, so get excited. We are
12:54
Speaker 3: so pumped and we're even more pumped to be bringing
12:57
Speaker 3: you hopefully a little book tour around that time as well,
13:00
Speaker 3: so stay tuned for.
13:01
Speaker 2: That and our final update of the day, Jay Rick,
13:04
Speaker 2: is a special event we have coming up.
13:06
Speaker 3: I believe. Oh my goodness, guys, it's nearly our birthday,
13:09
Speaker 3: the third anniversary birthday of She's on the money. That's crazy,
13:13
Speaker 3: I know. Can you believe? It's so weird to think
13:15
Speaker 3: that it's been three years because it seems like forever
13:17
Speaker 3: and also no time at all. You feel the same way.
13:20
Speaker 3: It's bizarre to me, really strange. So this year we're
13:23
Speaker 3: celebrating we're out of COVID. We were meant to do
13:25
Speaker 3: this last year. I think we spoke about it and
13:27
Speaker 3: it didn't happen, so we are pumped to be doing
13:30
Speaker 3: it this year after twelve months of waiting. June thirtieth,
13:33
Speaker 3: we're holding a special event here in Melbourne. It also
13:36
Speaker 3: happens to be vd's birthday. It's a double birthday bash
13:39
Speaker 3: because it's the end of financial year. It's the ultimate irony.
13:42
Speaker 3: It really, just truly is an alignment of like no other.
13:45
Speaker 3: But the only way to get there is to win tickets. Hello,
13:49
Speaker 3: you can't buy in. We wanted to make it so
13:51
Speaker 3: that anybody could come, so if you do want to
13:53
Speaker 3: enter for that, there'll be a link in the show
13:55
Speaker 3: notes as well to head to our website and you
13:57
Speaker 3: can still in a form tell us why you want
13:59
Speaker 3: to come. We're giving a way double passes. So maybe
14:01
Speaker 3: you want to come because you want to bring your
14:02
Speaker 3: mum because she taught you so much about money, or
14:04
Speaker 3: your best friend who's starting to work their way out
14:07
Speaker 3: of debt and needs to be a little bit empowered.
14:09
Speaker 3: There's going to be all kinds of fun things there. George,
14:12
Speaker 3: We're going to do a live potty. The whole team
14:14
Speaker 3: is going to be there. It's going to be a
14:15
Speaker 3: Friday drink, so you know it's going to get a
14:17
Speaker 3: little bit loose. It'll be really fun. There's going to
14:19
Speaker 3: be food and drinks and dancing, some very swish gift
14:22
Speaker 3: bags of co We do say so ourselves. You would
14:25
Speaker 3: expect nothing less, and it's just going to be a
14:27
Speaker 3: really good time, I think, to celebrate us and the
14:30
Speaker 3: community and everything that has happened over the past three years.
14:33
Speaker 3: So if you do want to be there, definitely check
14:36
Speaker 3: it out. And if you're not based in Melbourne, we've
14:38
Speaker 3: got some good news for you, so very excitingly, we
14:42
Speaker 3: will be giving away one double pass from an interstate
14:46
Speaker 3: listener to join us on the day, so that'll cover
14:48
Speaker 3: your flight, your accommodation, you'll get to come along to
14:51
Speaker 3: the event, meet the girlies. Bit of a VIP situation,
14:53
Speaker 3: I think.
14:54
Speaker 4: So.
14:55
Speaker 2: Yeah, if you are into state and you're annoyed that
14:57
Speaker 2: we are doing this in Melbourne, don't be enter the competition.
15:00
Speaker 3: You could come down long. It'll be really fine. I'm
15:03
Speaker 3: super pumped and I just think it's going to be
15:05
Speaker 3: a really, really good time.
15:06
Speaker 2: Yeah, cannot wait for that, jay Rix, So head to
15:09
Speaker 2: the link in our show notes to enter. Guys, we
15:11
Speaker 2: can't wait to see you all there. But now I
15:14
Speaker 2: think it's time for a little money dilemma. Hi, Beart,
15:19
Speaker 2: have you got a money dilemma you just can't solve
15:21
Speaker 2: that She's on the Money team is here to help.
15:24
Speaker 2: Every week we tackle your dilemmas, both big and small,
15:26
Speaker 2: to answer your most burning money, career and life questions.
15:30
Speaker 2: To get involved, simply head to our website and leave
15:33
Speaker 2: us a quick voice recording and you may just find
15:35
Speaker 2: yourself on the show. Now, let's take a listen to
15:37
Speaker 2: today's money dilemma.
15:40
Speaker 4: Hi, She's on the Money. My partner and I have
15:44
Speaker 4: a few different big money goals that we want to
15:47
Speaker 4: achieve over the span of how the many years that takes.
15:52
Speaker 4: We've already cracked down in the last year and have
15:55
Speaker 4: achieved something which is amazing, and now onto the next thing.
16:00
Speaker 4: It kind of feels like we don't have a break.
16:02
Speaker 4: We're always saving really hard, We've made sacrifices that sort
16:07
Speaker 4: of thing. Do we keep pushing on until rereach the end?
16:12
Speaker 4: Or like is there never going to be an end?
16:15
Speaker 4: Like do you just enjoy the every day just struggling? Yeah?
16:19
Speaker 4: Without mentality at the moment, thinks.
16:22
Speaker 2: Look, I don't know where to start with that dilemma.
16:26
Speaker 2: I think the first thing to kind of note is
16:28
Speaker 2: her tone. She sounds really really flat and she found
16:32
Speaker 2: out Yeah, so I hope you're okay, dear listener, But
16:37
Speaker 2: I think the place that I would start is firstly
16:41
Speaker 2: to congratulate you on the massive goal that you said
16:43
Speaker 2: you achieved very recently with your partner. That's incredible. But
16:47
Speaker 2: I think what we probably need to be doing here
16:50
Speaker 2: is celebrating our wins along the way and making room
16:54
Speaker 2: in our budget for fun things, because we're not just
16:57
Speaker 2: earning to reach those bigger goals, we're earning to live
17:00
Speaker 2: a life that we love along the way, and it
17:02
Speaker 2: is so important to find that balance to keep you
17:05
Speaker 2: on track to those bigger goals. And if you don't
17:08
Speaker 2: feel like you have anything to look forward to along
17:10
Speaker 2: the way, then it's really hard to keep on going.
17:14
Speaker 2: It sounds like you've really burnt out. Yeah, what do
17:16
Speaker 2: you think, j Rik?
17:17
Speaker 3: Yeah, one hundred percent. I think kind of taking a
17:20
Speaker 3: step back to look at your priorities because you know,
17:23
Speaker 3: you said, does it ever end? And I mean the
17:25
Speaker 3: short answer is no. I think as humans, we achieve
17:28
Speaker 3: something and then we go, what's the next thing? Where
17:31
Speaker 3: are we going? What are we doing? So, like you said, gee,
17:33
Speaker 3: making sure that you're taking time to celebrate and where possible,
17:37
Speaker 3: making room in your budget for little wins and celebrations
17:40
Speaker 3: for yourself, but also kind of going, Okay, well, I've
17:44
Speaker 3: just achieved this big goal. I've got my next one.
17:46
Speaker 3: What does that timeline look like for me? Do I
17:49
Speaker 3: want to push it out a little bit further so
17:51
Speaker 3: that I can enjoy my life more comfortably on the
17:53
Speaker 3: way there, or is it something that I want to
17:55
Speaker 3: tackle urgently. Is it a debt, because if so, you're
17:58
Speaker 3: paying interest, maybe you want to look at doing that
17:59
Speaker 3: sooner rather than later. Or is it, you know, a
18:02
Speaker 3: goal that I can afford to stretch out a bit
18:04
Speaker 3: so I can enjoy the journey there a little bit more.
18:06
Speaker 3: Because yeah, like we will always theoretically have a goal.
18:09
Speaker 3: I think if you don't have a goal, you'd probably
18:11
Speaker 3: be feeling a little bit aimless and going, oh, well,
18:13
Speaker 3: what am I doing? I'm just floating along. So, yes,
18:16
Speaker 3: you will always have a goal, and you probably will
18:17
Speaker 3: always be working towards something, and that doesn't have to
18:20
Speaker 3: be a bad thing as long as you're taking the
18:22
Speaker 3: time to enjoy yourself as well. One hundred percent. I think,
18:27
Speaker 3: just judging from our listener's voice as well, I'm probably
18:29
Speaker 3: honed into the tone and the voice. It sounds like
18:32
Speaker 3: she is quite young, so I wouldn't be putting too
18:35
Speaker 3: much pressure on myself in my early twenties to achieve
18:38
Speaker 3: all of these things when you do have the rest
18:40
Speaker 3: of your life to be doing that. In saying that
18:43
Speaker 3: it is so important that you have those goals, and
18:46
Speaker 3: well done to you for having them, but I would
18:48
Speaker 3: also suggest perhaps breaking them down into smaller goals. It's
18:52
Speaker 3: hard because we don't know what you've got lined up.
18:55
Speaker 3: You did say that they are larger goals, so maybe
18:57
Speaker 3: like a house deposit, maybe paying off your car, things
18:59
Speaker 3: like that. But maybe if you set like monthly saving
19:03
Speaker 3: goals to hit those larger goals, and treating yourself when
19:07
Speaker 3: you hit those smaller goals along the way could be helpful,
19:10
Speaker 3: almost like a personal KPI. Yes, save your corporate I
19:14
Speaker 3: want to hit this thing, and when I hit this thing,
19:15
Speaker 3: I get to go on a really nice dinner, or
19:17
Speaker 3: I get to go and you know, purchase something that
19:20
Speaker 3: I've really had my eye on, or save up towards
19:22
Speaker 3: that I don't forget. If you are working towards a goal,
19:25
Speaker 3: you don't have to be putting one hundred percent of
19:27
Speaker 3: everything towards it. And again like you said, it's a
19:30
Speaker 3: little hard because we don't know what exactly the outcome
19:32
Speaker 3: is here. But if you're saving for a house deposit,
19:34
Speaker 3: for example, you can have your big house deposit account
19:37
Speaker 3: that you know a large portion of your savings are
19:40
Speaker 3: going towards. But you can also have a smaller account
19:42
Speaker 3: that you're allocating for a holiday or you know, for
19:45
Speaker 3: some new clothes or an adventure that you want to have,
19:48
Speaker 3: or you know, whatever motivates you. You don't have to
19:50
Speaker 3: be all or nothing. You can actually do a couple
19:52
Speaker 3: of things at once. But it ultimately does come down
19:55
Speaker 3: to how much you value that thing that you're working
19:58
Speaker 3: towards versus the other thing. And that's kind of how
20:01
Speaker 3: you can break it down and maybe make it a
20:03
Speaker 3: little bit more fun.
20:04
Speaker 2: Yeah, is that how you manage your money?
20:06
Speaker 3: Jbrid Yeah, as everybody knows, Like, my house deposit is
20:09
Speaker 3: my big thing right now, which is where most of
20:11
Speaker 3: my money is going. But like I said last week,
20:13
Speaker 3: I am reallocating some of those funds this month because
20:16
Speaker 3: I'm going away on a girl's trip with VD And
20:18
Speaker 3: so for me, I decided that I valued that and
20:21
Speaker 3: I rearranged my I guess savings schedule if you will
20:25
Speaker 3: for the month and decided that that trip was going
20:28
Speaker 3: to be a priority for me because I have worked
20:30
Speaker 3: really hard and it has been a long time since
20:31
Speaker 3: I've done something like that, and I did have to
20:34
Speaker 3: remind myself not to feel guilty about it. Yeah, because
20:36
Speaker 3: you do get really set in you know, this goal
20:39
Speaker 3: is the be all and end all, and I must
20:41
Speaker 3: do everything that I can to get there. And that
20:44
Speaker 3: mindset can be really powerful, but it can also lead
20:47
Speaker 3: to burnout exactly. And so if you're not celebrating and
20:49
Speaker 3: making those little allowances and being gentle and kind to yourself,
20:53
Speaker 3: then you probably will end up feeling a bit icky
20:55
Speaker 3: about them. Yeah.
20:56
Speaker 2: We also did do an episode on spending guilt, which
20:58
Speaker 2: could be a good one for this great cool listen
21:01
Speaker 2: to well loveily chatting with you as always, Jessica through
21:05
Speaker 2: g I believe it will be you and I on Monday.
21:09
Speaker 3: It's really a week of firsts. Due Wednesday, deep first
21:14
Speaker 3: Monday money. It's very exciting. It's a good ee.
21:17
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21:20
Speaker 2: rup the boring but important stuff.
21:22
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22:14
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22:15
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