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What Does Financial Selfcare Look Like? · She's On The Money

0:00
Speaker 1: Hello.
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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud your the
0:05
Speaker 2: Order KERNI Whoalbury and a waddery woman. And before we
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Speaker 2: get started on She's on the Money podcast, I would
0:11
Speaker 2: like to acknowledge the traditional custodians of the land of
0:14
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
0:18
Speaker 2: the elders, the ancestors and the next generation coming through
0:23
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
0:27
Speaker 2: the storytelling of you to make a difference for today
0:31
Speaker 2: and lasting impact for tomorrow.
0:33
Speaker 1: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 4: Hello, and welcome to She's I'm the Money podcast. Millennials
1:01
Speaker 4: who want financial freedom. Now we know how vital it
1:04
Speaker 4: is to care for our health and wellbeing, and we're
1:07
Speaker 4: hopefully across the importance of caring for our mental health.
1:09
Speaker 4: But financial self care. What does that look like? My
1:13
Speaker 4: name is Jessica Ricky, and today we're gonna talk all
1:16
Speaker 4: about it, of course, with everyone's favorite finance expert, Victoria Devine.
1:20
Speaker 1: Finance expert sounds bougie, I reckon, I know, I thought
1:23
Speaker 1: you'd lack that way fancy gal finance expert or self
1:26
Speaker 1: care genius, like I'm so good at self care. So
1:29
Speaker 1: we've done an entire episode about how self care is
1:32
Speaker 1: important basically to me. So that's where we're at. But
1:35
Speaker 1: financial self care is, from my perspective, a very underdiscussed topic,
1:40
Speaker 1: but one I hope is not totally new to our community.
1:42
Speaker 1: Because self care, or specifically financial self care, is what
1:46
Speaker 1: she is on the money is all about. And I
1:48
Speaker 1: hope this episode is a good and practical little reminder
1:51
Speaker 1: and reframer for us all. And if it's a new
1:54
Speaker 1: concept to you, then welcome to it. My friend. I'm
1:57
Speaker 1: excited that you're discovering this with us.
1:59
Speaker 4: I'm really excited too. So let's start at the beginning
2:01
Speaker 4: and define self care. It's putting yourself first, even when
2:05
Speaker 4: you don't want to right. It takes on heaps of
2:08
Speaker 4: different forms. It could look like anything from setting your
2:11
Speaker 4: alarm that a little bit earlier to go to the
2:13
Speaker 4: gym no, thank you, so no from me, or sleeping
2:15
Speaker 4: in when you had planned to be at the gym.
2:17
Speaker 4: Yes from me, same for me. It could be saying
2:20
Speaker 4: no and setting an important boundary yes for me, or
2:24
Speaker 4: prioritizing some social or alone time for my fellow introverts.
2:28
Speaker 4: That's where it's at. But ultimately, it's all about being
2:31
Speaker 4: centered and in touch with what you need as opposed
2:34
Speaker 4: to what you want in the moment, and looking after
2:36
Speaker 4: your future.
2:37
Speaker 1: Self or about putting future you first, which actually is
2:40
Speaker 1: on the money is the person that we are always
2:42
Speaker 1: working for. And Jess, as you know, it's not just
2:45
Speaker 1: a piece of chocolate cake or an early night in bed.
2:47
Speaker 1: It's kind of like self parenting. You're doing the right
2:50
Speaker 1: thing for future you even when you just don't feel
2:52
Speaker 1: like it. So the exact same principles of normal self
2:55
Speaker 1: care applied to financial self care. When you first start
2:58
Speaker 1: on this journey, it can feel like a lot, and
3:01
Speaker 1: I totally get it. Financial self care from my perspective,
3:04
Speaker 1: is a bit like a muscle and you need to
3:06
Speaker 1: train it and build strength. It's a massive shift in mindset,
3:09
Speaker 1: but it's one of those things that won't go away
3:11
Speaker 1: if you bury your head in the sand, just like
3:13
Speaker 1: you wouldn't do with actual health concerns. Right, she's on
3:16
Speaker 1: the money. It literally exists for this mission, So do
3:19
Speaker 1: not worry. We are here to guide you through a
3:21
Speaker 1: few tips today. So that you can get on your
3:23
Speaker 1: journey or encourage you belong wherever that might be. Today
3:27
Speaker 1: we are doing a massive vibe check and we will
3:29
Speaker 1: be giving you some really easy ideas to get you
3:32
Speaker 1: started with your own financial self care journey.
3:34
Speaker 4: All right, let's talk about some broader ideas help us
3:37
Speaker 4: get into the mindset for financial self care, and after
3:40
Speaker 4: the break we'll go into some more specific practical tips.
3:44
Speaker 4: I like that format me too. So there's two big
3:46
Speaker 4: things that we say all the time on the show.
3:48
Speaker 4: V is to check your personal values and to keep
3:52
Speaker 4: things sustainable for ourselves that.
3:54
Speaker 1: We do as women, Jess, we stereotypically have been patronized
3:57
Speaker 1: for literally all of our wants, while also the economy
4:00
Speaker 1: relies on it. And speaking in gender stereotypes, Jess, once
4:04
Speaker 1: that are unquestioned for men are frivolous money sinks for women.
4:08
Speaker 1: We see it all the damn time. I'm not saying
4:11
Speaker 1: that we should use this as an excuse for a
4:13
Speaker 1: shopping spree or anything like that, but I do want
4:16
Speaker 1: you to cut out the external noise from popular culture, friends, family,
4:20
Speaker 1: or even your partner and go into yourself. What is
4:23
Speaker 1: it that you need to do to keep on track
4:25
Speaker 1: with your personal financial goals, but also nurture yourself. Jess,
4:30
Speaker 1: I want to know, throwing you straight under the bus here,
4:33
Speaker 1: what is an example of this for you, Something that
4:35
Speaker 1: you could happily go without and something that you want
4:38
Speaker 1: to prioritize.
4:39
Speaker 4: I feel like in terms of like everyday people like,
4:41
Speaker 4: I'm pretty happy to go without buying a coffee in
4:44
Speaker 4: the morning. I wouldn't necessarily get a hot chocolate every
4:47
Speaker 4: morning or smoothie every morning. Like, it's just not a
4:49
Speaker 4: part of my morning routine that I feel like I
4:51
Speaker 4: need to include.
4:52
Speaker 1: Yeah, good luck prying a coffee from my cold dead hands.
4:55
Speaker 4: Absolutely. Whereas for me, it's a little bit more important
4:58
Speaker 4: to prioritize allowing myself money to spend on myself. Like
5:04
Speaker 4: I have said before, I really like clothes. It's a
5:07
Speaker 4: form of self expression for me. And so within my budget,
5:09
Speaker 4: I have an allocation every month to allow myself to
5:12
Speaker 4: spend on clothes, whether that's at the store or whether
5:14
Speaker 4: that's things that I buy secondhand online.
5:17
Speaker 1: I will have it in your budget.
5:18
Speaker 4: Yeah that's important to you, Yeah, absolutely, Like that's just
5:21
Speaker 4: what's important to me. And I know I have friends
5:23
Speaker 4: who couldn't care less. They buy clothes once a year
5:25
Speaker 4: if that, and that's what they like. But it's something
5:27
Speaker 4: that's important to me, and so I really try to
5:29
Speaker 4: make an effort to prioritize it in a way that
5:32
Speaker 4: I don't have to feel guilty about spending.
5:34
Speaker 1: Yeah fair, And I feel like that's really relatable because
5:37
Speaker 1: to me that makes sense. But I also have those
5:39
Speaker 1: friends that are like, oh, I could not be bothered
5:41
Speaker 1: shopping every month, and I'm like, what, I love it.
5:44
Speaker 1: It's my favorite, all right, Jess. This next example kind
5:48
Speaker 1: of goes together with the previous point. So we've spoken
5:50
Speaker 1: about practicing mindfulness and gratefulness, but I also think it's
5:53
Speaker 1: really important to understand your privilege.
5:56
Speaker 4: That's so true. I feel like in twenty twenty two,
5:58
Speaker 4: with how connected we are, but Instagram comparison culture is
6:02
Speaker 4: just insane. I find myself doing it and I recognize
6:06
Speaker 4: that I'm in a totally privileged position. And I think
6:09
Speaker 4: a lot of us are probably in the same boat.
6:11
Speaker 4: Where we see somebody else with something that's really new,
6:13
Speaker 4: or we see someone on a holiday. And we've spoken
6:16
Speaker 4: before about how a lot of the time you don't
6:18
Speaker 4: see how those people who are living those lives are
6:21
Speaker 4: going into dead or you know, doing everything that they
6:23
Speaker 4: can to keep up with the joneses, and it becomes
6:25
Speaker 4: a bit of an unhealthy cycle where we're watching and
6:28
Speaker 4: then consuming to keep up, and then watching and then consuming,
6:31
Speaker 4: and it's really really difficult. So I think you're totally
6:33
Speaker 4: right that taking a step back, reminding ourselves how fortunate
6:37
Speaker 4: we are and how good we actually have it, and
6:40
Speaker 4: how so many of those things that in the moment
6:42
Speaker 4: seem like total needs are actually just really nice things
6:46
Speaker 4: to have and things that we absolutely can live without,
6:48
Speaker 4: is really.
6:48
Speaker 1: Exactly And I find it an interesting mindset when people
6:52
Speaker 1: are like, oh, but I deserve to go on a holiday.
6:54
Speaker 1: You go, yeah, of course, but those things come with
6:57
Speaker 1: a level of compromise, like you can't have your cake
7:00
Speaker 1: and eat it too. And I think that, you know,
7:02
Speaker 1: when I say we need to understand our privilege. We
7:04
Speaker 1: can't just assume that we deserve a holiday every single year, like, yeah,
7:08
Speaker 1: that's an absolute privilege. But it's kind of like, well,
7:11
Speaker 1: is that actually at the cost of our financial wellbeing
7:15
Speaker 1: long term? If so, how do we frame that so
7:18
Speaker 1: that we can kind of have our cake and eat
7:20
Speaker 1: it too. But it might be over a longer time frame,
7:23
Speaker 1: because so many times people will be like, oh, yeah,
7:25
Speaker 1: but I travel overseas every year, and you're like, oh, okay.
7:28
Speaker 1: Like and when I was working as a financial advisor,
7:31
Speaker 1: I used to find it really hard because people would
7:33
Speaker 1: be like, oh yeah, but like we go on a
7:34
Speaker 1: holiday every single year overseas, and I'd sit down and
7:37
Speaker 1: look at their financial circumstances and be like, I don't
7:39
Speaker 1: mean to burst your bubble, but at the end of
7:41
Speaker 1: the day, like, that's actually not feasible given the financial
7:44
Speaker 1: goals you've set for yourself and wanting to buy house
7:47
Speaker 1: and wanting to put yourself in the best possible position, Like,
7:49
Speaker 1: that's actually detrimental. So how do we find that balance?
7:52
Speaker 1: And I think that by understanding our privilege and kind
7:55
Speaker 1: of checking that and being like, all right, well where
7:57
Speaker 1: are we at can actually put us in the best
7:59
Speaker 1: possible position because it means that we're always really aware
8:03
Speaker 1: of exactly where we stand, not just going oh, but
8:06
Speaker 1: everybody else does it, which means I should too. All right,
8:08
Speaker 1: moving along, I want you to all remember that working
8:10
Speaker 1: hard should put your head not behind, which I think
8:13
Speaker 1: is an interesting concept because just how many times and
8:17
Speaker 1: I don't know if this is a personal attack or not.
8:19
Speaker 1: I'm not meaning it that way. Have you been like?
8:21
Speaker 1: All right, well, if I work extra hard and do
8:24
Speaker 1: this over time, I can then afford a new pair
8:26
Speaker 1: of shoes, or I can then afford this other thing,
8:29
Speaker 1: or I can take myself out for dinner, or I
8:31
Speaker 1: can you know, buy ten more espresso martinis for my
8:34
Speaker 1: girlfriends and I to relax. I genuinely think that when
8:38
Speaker 1: we are working really hard, we should be putting ourselves
8:41
Speaker 1: financially ahead so that we are in a better position
8:44
Speaker 1: than we were when we started. So if that means
8:47
Speaker 1: that that cash goes to paying off some debt or
8:50
Speaker 1: putting it straight into your emergency fund to build that up,
8:53
Speaker 1: or investing it or saving it, I just genuinely think
8:56
Speaker 1: if you're going above and beyond for work and time
9:00
Speaker 1: time and trading your time for money, we shouldn't be
9:03
Speaker 1: trading that for physical things that in the short term
9:06
Speaker 1: make us happy, but in the long term don't put
9:08
Speaker 1: us ahead financially.
9:09
Speaker 4: Great point, V. What else have you got for me?
9:11
Speaker 1: All right? So, just like in exercise, routine and habit
9:15
Speaker 1: is your friend in saying that when it comes to exercise.
9:18
Speaker 1: I absolutely haven't got this mastered, but I've heard it's
9:21
Speaker 1: a really good thing too. Master. But practicing financial self
9:24
Speaker 1: care means developing habits that work for you and reflect
9:28
Speaker 1: what you're trying to achieve with your money. Those habits
9:31
Speaker 1: can look very different for very different people, and what's
9:34
Speaker 1: most important is consistency and practicing them in the long term.
9:37
Speaker 4: Jess, Yeah, amazing. I think those are all really great points.
9:41
Speaker 4: Let's dash to a really quick break, and then when
9:43
Speaker 4: we come back, I want to get into some really
9:45
Speaker 4: specific tips, So don't go anywhere, alrighty, straight back into it, V.
9:53
Speaker 4: Let's get into some practical tips for financial self care.
9:56
Speaker 1: I've been giving practical tips this entire episode, Miss Jessicata
9:59
Speaker 1: each absolutely, but I think now let's talk about some
10:02
Speaker 1: really implementable steps that I could go home right now
10:06
Speaker 1: and go all right, here's my little checklist of things
10:08
Speaker 1: that I can do to know that I'm hopefully putting myself.
10:11
Speaker 4: In a position where I'm going to be looking after myself.
10:13
Speaker 1: All right, So first things first, Just my favorite thing
10:16
Speaker 1: is writing a list and then putting things on the
10:17
Speaker 1: list that I've already done because it makes me feel accomplished.
10:20
Speaker 1: So the first thing to do is listen to the
10:21
Speaker 1: She's on the Money podcast.
10:23
Speaker 4: You've done it, yeah.
10:25
Speaker 1: And the second step of that first point is to
10:27
Speaker 1: actually join our Facebook group. So many of you haven't
10:30
Speaker 1: joined the Facebook group, and I know you haven't because
10:33
Speaker 1: I know there's more than a million listeners of this podcast,
10:36
Speaker 1: but there's only two hundred and forty thousand people in
10:38
Speaker 1: the Facebook group. Those numbers don't make sense. So go
10:41
Speaker 1: ahead and join the Facebook group. It is free, and
10:44
Speaker 1: the community shares money tips and tricks literally every single day,
10:47
Speaker 1: free of judgment. Search Shees on the Money on Facebook
10:50
Speaker 1: and join us the next my friend. Again, it's free
10:54
Speaker 1: because I put a free budget on our website. You're
10:57
Speaker 1: going to go create a budget so that you can
10:59
Speaker 1: be really on top of every single dollar that comes
11:02
Speaker 1: into your account and every single dollar that goes out,
11:05
Speaker 1: so that we're just aware. That's a very big step
11:08
Speaker 1: when it comes to financial self care. The third is
11:11
Speaker 1: my favorite, and if you listen to the first season
11:13
Speaker 1: of Shees on the Money, you really know how to
11:15
Speaker 1: do this. But you're going to check your bank transactions
11:18
Speaker 1: and your supranuation account. While you're at it, You're going
11:21
Speaker 1: to go get a free credit report to make sure
11:23
Speaker 1: there's nothing suspicious on there.
11:25
Speaker 4: That's such a good tip. We have so many people
11:27
Speaker 4: tell us that they had no idea that they could
11:29
Speaker 4: check their credit port really easily. We've had people say
11:32
Speaker 4: that they found out that they were being defrauded and
11:35
Speaker 4: all kinds of other things.
11:36
Speaker 1: So hopefully nothing dramatic. But these are all free, So
11:38
Speaker 1: that is a money win if I've ever seen one.
11:41
Speaker 1: The next is look for trends in your spending from
11:44
Speaker 1: the last month. So you've done your budget, you've had
11:47
Speaker 1: to look at your banking transactions. I want you to
11:49
Speaker 1: see what types of trends exist. You might notice habits
11:52
Speaker 1: that are forming that you didn't even notice and that
11:55
Speaker 1: might not actually align to your core values. So, jess,
11:58
Speaker 1: if you found a trend in your space from the
12:00
Speaker 1: last month of maybe buying one too many drinks at
12:03
Speaker 1: cough Starbuck haha, that didn't exist before, and you know
12:07
Speaker 1: that buying drinks actually doesn't align to your cash flow
12:10
Speaker 1: and budget goals, maybe now is the time to nip
12:13
Speaker 1: that one in the bud before it gets out of control.
12:16
Speaker 1: I say, Starbucks, jes, because you and I have found
12:19
Speaker 1: a new love for the art. What is it the
12:20
Speaker 1: strawberry sie refresher Ten out of ten recommend bit expensive,
12:25
Speaker 1: but we hear for it. The next thing is put
12:28
Speaker 1: your bills on auto pay to avoid any late fees,
12:31
Speaker 1: but do check on your bills. So a lot of
12:34
Speaker 1: people will say to me, oh, Victoria, I don't direct
12:36
Speaker 1: debit my bills because I want to check them every month.
12:38
Speaker 1: You absolutely can, but there's a lot of power on
12:41
Speaker 1: having it direct debited, as well as staying on top
12:44
Speaker 1: of it, because it means that it is absolutely going
12:47
Speaker 1: to happen on time, because sometimes life gets away from us.
12:51
Speaker 1: The next thing really boring, but we are going to
12:54
Speaker 1: find and cancel reoccurring charges for things that we are
12:58
Speaker 1: not using. The same with the count fee, So I
13:01
Speaker 1: want you to know what you are paying for and
13:03
Speaker 1: be sure that you can't get this free for somewhere else. Guys,
13:07
Speaker 1: it is twenty twenty two. We don't pay for bank
13:09
Speaker 1: fees in twenty twenty two. There are too many free
13:12
Speaker 1: options out there, and when you check your banking transactions,
13:16
Speaker 1: you would have been able to see if there are
13:18
Speaker 1: any reoccurring charges for things that you aren't using, highlight them,
13:21
Speaker 1: get rid of them. And another hot tip which I
13:24
Speaker 1: think have I shared this on Friday Drinks. We're going
13:26
Speaker 1: to share it in a deep dive episode because I
13:28
Speaker 1: know not everyone listens to it. If you have an iPhone,
13:31
Speaker 1: you can go to your settings. You can then hit
13:33
Speaker 1: on your Apple id iCloud Media and Purchases, which is
13:36
Speaker 1: at the very top, and hit subscriptions and it will
13:39
Speaker 1: show you every single subscription that you have that you're
13:42
Speaker 1: not using. Just remember the time we went to France
13:45
Speaker 1: and I went and got my Duolingo subscription.
13:47
Speaker 4: Haha.
13:48
Speaker 1: Yeah, we're going to get rid of that because I
13:50
Speaker 1: have not been using that and I did not commit
13:52
Speaker 1: to learning a new language in the way that I
13:54
Speaker 1: thought I would. I mean they tried, I failed. Didu
13:57
Speaker 1: elinga al appreciates your service? Do they do? But I'm
14:01
Speaker 1: going to cancel my subscription because that is money that
14:03
Speaker 1: I don't need to be spending. The seventh thing I
14:06
Speaker 1: have on this list, Jess, which arguably should have been
14:08
Speaker 1: number one, is start an emergency fund. If you do
14:12
Speaker 1: not have an emergency fund yet, you need to create one.
14:15
Speaker 1: That is your f you fund. It is going to
14:18
Speaker 1: get you out of any circumstance relationship, situation, job, or
14:21
Speaker 1: place that you do not want to be, and I
14:24
Speaker 1: promise it will become one of your superpowers. An emergency
14:27
Speaker 1: fund is the most powerful thing that you can do
14:30
Speaker 1: for your financial future. And if we're talking about financial
14:33
Speaker 1: self care, I can't think of anything that is more
14:36
Speaker 1: financial self care than an emergency fund. Agreed, Next is
14:40
Speaker 1: set some money and career intentions. Go, do a little journal,
14:44
Speaker 1: pull yourself a nice cup of tea or, if you're
14:45
Speaker 1: like me, a very nice class of red wine. Write
14:48
Speaker 1: them down and prioritize them. This includes asking for a
14:51
Speaker 1: pay rise and coming up with the evidence if you
14:53
Speaker 1: believe you deserve one. Then next, as I said before,
14:57
Speaker 1: journaling can be really powerful. Journal about how each of
15:00
Speaker 1: your financial goals connect to your core values. I know
15:04
Speaker 1: that can sound really lame, but please give it a crack.
15:07
Speaker 1: It will make you feel so much more in touch
15:09
Speaker 1: with everything that is going on in your financial world.
15:12
Speaker 1: This can be really helpful, especially when your goals are
15:14
Speaker 1: feeling a little bit abstract or difficult, or you're finding
15:17
Speaker 1: it hard to focus and clarify your financial goals. It'll
15:20
Speaker 1: make making choices on a day to day basis so
15:23
Speaker 1: much easier, I promise if you have one, talk to
15:26
Speaker 1: your partner about finances, Jess, have a chat, have a
15:30
Speaker 1: money chat. Maybe you share some financial responsibilities, or you
15:34
Speaker 1: might keep your finances separate. It doesn't matter, but have
15:38
Speaker 1: a money conversation with your partner. However you manage things.
15:41
Speaker 1: It is good to be on the same page when
15:43
Speaker 1: it comes to long term financial goals. Now, Jess, I
15:46
Speaker 1: can see you've got a few written down. I'm sure
15:48
Speaker 1: we have some that overlap. But what else have you
15:50
Speaker 1: got to share? Absolutely, I did my homework. If you've
15:53
Speaker 1: got a little extra money, make it extra debt repayment.
15:55
Speaker 1: We've spoken before about the impact that additional payments to
15:59
Speaker 1: debt can make inteter of shaving down not only the
16:01
Speaker 1: time that you have to pay off your debt, but
16:03
Speaker 1: also the amount of interest that you pay, so you
16:05
Speaker 1: could save yourself some cash. And we've said it before
16:08
Speaker 1: on the pod. Paying off debt is an investment in itself,
16:11
Speaker 1: so that's a good thing to do.
16:12
Speaker 4: One thousand percent then go out and learn something new
16:15
Speaker 4: about money. This ties back to point number one, I think.
16:19
Speaker 4: But there's so many resources out there. There's podcasts as blogs,
16:23
Speaker 4: there's TV shows, Now, money is everywhere, and I think
16:26
Speaker 4: out it, taking the time to learn something new will
16:29
Speaker 4: keep you engaged and excited as well as obviously educate
16:32
Speaker 4: you further.
16:33
Speaker 1: And I would recommend obviously going and listening to our
16:36
Speaker 1: podcast which are already doing. But there are so many
16:38
Speaker 1: things that we don't know about money. If you haven't
16:41
Speaker 1: listened to other podcasts, go and check them out. My
16:43
Speaker 1: Millennial Money. There's equity mats, there's girls that invest like.
16:46
Speaker 1: There are so many people creating beautiful finance content that
16:50
Speaker 1: I think that you guys will absolutely love.
16:52
Speaker 4: Couldn't agree more. Next, I've got pay for services that
16:55
Speaker 4: allow you to spend time doing things you love, and
16:58
Speaker 4: remember your time is also where money. I think when
17:01
Speaker 4: people think of financial self care a lot of the
17:03
Speaker 4: time they go, how can I cut every cost in
17:05
Speaker 4: my life that exists? But actually self care is about
17:10
Speaker 4: putting yourself in a position where you're able to function
17:12
Speaker 4: at your optimal level. So for someone who maybe you
17:16
Speaker 4: don't like vacuum in the house, this is me. We
17:18
Speaker 4: got a robot vacuum and it changed our lives. I
17:21
Speaker 4: thought you were about to say you got a cleaner.
17:23
Speaker 4: Oh no, I'm not. I was like, okay first, but
17:26
Speaker 4: not that far, not for me anyway right now. But
17:28
Speaker 4: you know that was a big financial outlay initially, but
17:32
Speaker 4: worth every penny in my opinion, because it was something
17:35
Speaker 4: I dreaded.
17:36
Speaker 1: It was used to talk about it before we got it,
17:38
Speaker 1: and you actually loathed that task.
17:40
Speaker 4: Me and my boyfriend would fight about it. So take
17:42
Speaker 4: something off your plate and don't feel guilty for doing that,
17:45
Speaker 4: and off the back of that, pay for the things
17:47
Speaker 4: that bring you joy. So it's not just about providing
17:49
Speaker 4: yourself more time. It's also about if you really like
17:53
Speaker 4: yoga and you find yourself feeling really stressed, pay for
17:55
Speaker 4: a class. Yes, you can do it on YouTube, but
17:57
Speaker 4: sometimes the action of putting yourself in that specific situation
18:01
Speaker 4: or utilizing that specific servers helped to keep you on
18:04
Speaker 4: track to your bigger long term goals. And I think
18:06
Speaker 4: it's really important to value that.
18:08
Speaker 1: Couldn't agree more. What else have you got?
18:10
Speaker 4: Have a benefits research night if your employer.
18:13
Speaker 1: A benefits research right, just.
18:16
Speaker 4: I'm trying to make it sound more fun than it is.
18:18
Speaker 4: That if your employer or your insurance fund offers benefits,
18:21
Speaker 4: set yourself a date night to investigate these and figure
18:24
Speaker 4: out where you can save yourself some money. A lot
18:27
Speaker 4: of the time people aren't utilizing their insurances to the
18:29
Speaker 4: fullest extent, which is what I talk about a lot.
18:32
Speaker 4: Read your insurance policy. I found out, after like a
18:36
Speaker 4: decade of paying for insurance that I could claim my
18:38
Speaker 4: contact lenses. Did I know that?
18:40
Speaker 2: I know?
18:40
Speaker 1: You did it?
18:41
Speaker 4: And so now I can claim two hundred bucks a
18:43
Speaker 4: year towards my contact lenses. And it's going to be
18:45
Speaker 4: different for everyone. But I think knowing your policies inside
18:47
Speaker 4: and out help you, one to make sure that you're
18:49
Speaker 4: getting the most bang for your buck. But two, it
18:51
Speaker 4: means that if it is time to shop around, you
18:53
Speaker 4: can compare apples for apples.
18:55
Speaker 1: What are you recommending here? Are we having like a
18:57
Speaker 1: little party where I do a cheese platter and you
18:59
Speaker 1: bring them and we look at our insurance policy, get.
19:02
Speaker 4: The girls together, our partner, make it fun to date. No, absolutely,
19:06
Speaker 4: I guess kind of similar to that. But shop around
19:08
Speaker 4: for insurance or any other big costs there on your life.
19:11
Speaker 4: We always say it makes sense to every once in
19:14
Speaker 4: a while compare what you're paying against current market rates,
19:18
Speaker 4: because loyalty doesn't always pay off.
19:21
Speaker 1: Un we've done the whole episodes on it. Being loyal
19:24
Speaker 1: to a bank or insurer often doesn't pay off. And
19:27
Speaker 1: you know what you should do. If you got your
19:28
Speaker 1: annual notice, You're going to call them and ask for
19:30
Speaker 1: a better deal and say that maybe I'll leave if
19:33
Speaker 1: you don't give me a better deal. Nine times out
19:35
Speaker 1: of ten, what are you gonna get, Jess a better deal?
19:38
Speaker 1: Exactly use your leave entitlements at work. This is one
19:42
Speaker 1: I am very passionate about, because by passionate she means
19:47
Speaker 1: good at doing.
19:47
Speaker 4: Absolutely, you have leave for a reason, and I think
19:51
Speaker 4: pre pandemic. I have so many recollections of working in
19:54
Speaker 4: corporate where I would work through the day when I
19:56
Speaker 4: was sick, and you know, I feel like I do
19:59
Speaker 4: not recommend it's got a little of a headache or
20:01
Speaker 4: a little bit of a cold. It's not going to
20:02
Speaker 4: impact my ability to do work. And then two weeks later,
20:05
Speaker 4: I'm still sick because I haven't taken the time to heal.
20:09
Speaker 4: That applies to sick leave, that applies to mental health leave,
20:12
Speaker 4: personal leave. Those things exist for you to utilize them,
20:16
Speaker 4: and it's important to give yourself a break when you
20:19
Speaker 4: need it. Listen to your body and don't feel guilty,
20:21
Speaker 4: because if your employer is making you feel bad for
20:23
Speaker 4: taking leave, they're a jerk.
20:26
Speaker 1: They're a jerk. Like turn do you many hear first?
20:30
Speaker 1: If she's on the Money, Jess reckons your boss who
20:32
Speaker 1: won't let you take leave is a jerk.
20:34
Speaker 4: And you can tell them. I said that. I listen
20:36
Speaker 4: back to our episode that G and V did all
20:38
Speaker 4: about employee rights, because I think there is so much
20:41
Speaker 4: gold in that episode and it really plays into your
20:44
Speaker 4: ability to look after yourself.
20:45
Speaker 1: It's hilarious how many people DMed me after that episode
20:48
Speaker 1: to let me know that their bosses were douches. It
20:50
Speaker 1: was really good, I mean not good for them, but
20:53
Speaker 1: good for my soul knowing that it didn't fall on
20:55
Speaker 1: deaf ears.
20:56
Speaker 4: Next on my list is add five bucks into your
20:59
Speaker 4: investment account good tea. I think so future you can
21:02
Speaker 4: have the chance of earning a little compound interest. You
21:04
Speaker 4: can have a play with the market. Five dollars is
21:07
Speaker 4: not you know, if you've got ten dollars even better.
21:09
Speaker 4: But if you have a little spare change rattling around
21:11
Speaker 4: and you want to have a play, I think it's
21:13
Speaker 4: a really good opportunity to learn about the market. And
21:15
Speaker 4: also potentially put future in a good position.
21:17
Speaker 1: From little things, big things grow. And I think that
21:20
Speaker 1: there is this massive misconception Jess that you always need
21:23
Speaker 1: to start investing with massive amounts of money, and historically,
21:26
Speaker 1: like ten years ago, you did because there were minimums
21:29
Speaker 1: that you needed to meet when investing. But as you know,
21:31
Speaker 1: we talk about them all the time on the show.
21:33
Speaker 1: This is not a sponsored mention. It's just a good mention.
21:36
Speaker 1: Our friend's chares is invest with as little as one
21:39
Speaker 1: cent money win.
21:40
Speaker 4: Five dollars goes a long way when you're investing one
21:42
Speaker 4: cent increments. So I love that, but play learn a
21:45
Speaker 4: little bit about.
21:45
Speaker 1: It goes a long way, Jess. I'm giving you one
21:48
Speaker 1: last point before and try and wrap the show because
21:50
Speaker 1: I feel like this has gone on and on, so
21:52
Speaker 1: what have you got.
21:53
Speaker 4: My last tip is don't be afraid to get help
21:56
Speaker 4: from a professional. And I feel like people are going
21:58
Speaker 4: to listen to that and be like, oh my god,
21:59
Speaker 4: do I need say a psychologists not lame?
22:02
Speaker 2: I heard it.
22:03
Speaker 1: I was like, this is the lame point.
22:05
Speaker 4: No, Like, yes, absolutely important. But I think a lot
22:08
Speaker 4: of the time, as humans, and maybe it's just me,
22:11
Speaker 4: we try and do things by ourselves for too long,
22:14
Speaker 4: and whether you need to speak to a financial professional,
22:17
Speaker 4: whether you need to speak to someone to give you
22:19
Speaker 4: clarity around your goals. Speaking to professionals in their industry
22:24
Speaker 4: is really important because they are experts in a thing
22:27
Speaker 4: that you are not. They have spent their lives or
22:28
Speaker 4: their careers culminating knowledge that isn't necessarily readily accessible to everybody.
22:34
Speaker 4: And sometimes it's super helpful to have someone give you
22:37
Speaker 4: a different perspective on things, whether that's your physical health,
22:40
Speaker 4: whether that's your mental health, whether that's your financial health.
22:43
Speaker 4: Talking to an expert I think can really help to
22:46
Speaker 4: put things in perspective and take a little bit of
22:48
Speaker 4: a load off of your shoulders. And I would really
22:50
Speaker 4: encourage people to do it sooner rather than later. Don't
22:53
Speaker 4: make it a response to you falling into a heat
22:56
Speaker 4: because you're having a mental breakdown because you went on
22:58
Speaker 4: by yourself too long. Early, check in, see how you're doing,
23:02
Speaker 4: and make your life a little bit easier too true.
23:05
Speaker 1: All right, Well that is all we have time for today,
23:08
Speaker 1: my friends. Thank you, Jess. I feel like that was
23:10
Speaker 1: actually a really good episode. It was just like, here
23:12
Speaker 1: are a whole heap of points that you can and
23:14
Speaker 1: will implement, and if you do, you'll be in a
23:15
Speaker 1: better position, which I love. We should do more episodes
23:18
Speaker 1: like this more often. See One Friday Guys Bye. The
23:27
Speaker 1: advice shared on She's on the Money is general in
23:30
Speaker 1: nature and does not consider your individual circumstances. She's on
23:33
Speaker 1: the Money exists purely for educational purposes and should not
23:37
Speaker 1: be relied upon to make an investment or financial decision.
23:40
Speaker 1: If you do choose to buy a financial product, read
23:43
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23:47
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