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5 Signs You're Doing Better Financially Than You Think You Are · Two Broke Chicks

• 0:00
  Speaker 1: This podcast is recorded on gadigal Land Always was, always
• 0:03
  Speaker 1: will be Aboriginal Land Pyticks.
• 0:12
  Speaker 2: I'm out and I'm sad And this is two Broke Chicks,
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  Speaker 2: the show that shares life lessons and tips to help
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  Speaker 2: make you.
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  Speaker 1: Rich in life.
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  Speaker 2: And welcome back, hey y'all, and we're here to give
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  Speaker 2: you a little pep talk if you will, because we
• 0:26
  Speaker 2: are going to be talking the five signs you're doing
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  Speaker 2: better financially than you think you are. We actually posted
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  Speaker 2: a little snippet in twenty twenty four with some of
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  Speaker 2: the five signs you're doing better than you think financially
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  Speaker 2: and it's got like a million views.
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  Speaker 1: I think more than that at this point.
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  Speaker 3: Now if we went and had to look, but a
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  Speaker 3: million plus, let's go with that. And it obviously showed
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  Speaker 3: us that people need a little bit of a pad
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  Speaker 3: on the back, a little bit.
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  Speaker 1: Of a pep talk.
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  Speaker 2: And even if you get zero out of five, one
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  Speaker 2: out of five, five out of five, it's a good
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  Speaker 2: reminder of potentially goals to work to if you don't
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  Speaker 2: have all of these ticked off, and a good reminder
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  Speaker 2: to keep doing these if you do have five out
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  Speaker 2: of five. And I really like this because we did
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  Speaker 2: a recent episode about financial privileges that aren't that small,
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  Speaker 2: and it's very, very easy for us to get wrapped
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  Speaker 2: up in the comparison trap that is teacher or torture, right,
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  Speaker 2: and I do think we er more towards the side
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  Speaker 2: of torture when it comes to comparison.
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  Speaker 1: I've been like, oh, they have a house, they're a lawyer, they're.
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  Speaker 2: This, They're like and they've got five billion in savings.
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  Speaker 2: And we often talk quite negatively.
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  Speaker 3: To ourselves, especially when it comes to money and the
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  Speaker 3: comparison trap that we fall into.
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  Speaker 1: So I'm really excited for this episode. Yeah, exactly.
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  Speaker 2: It'll be a good reminder that you're doing a lot
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  Speaker 2: better than you think you are, or that financial milestones
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  Speaker 2: aren't always just buying a house. It can look a
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  Speaker 2: lot of different ways.
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  Speaker 1: I actually don't even have all five out of five
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  Speaker 1: of these.
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  Speaker 2: So like, this is a good reminder for me. I'll
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  Speaker 2: share further to which I don't. But before we start.
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  Speaker 1: We have to share our obsession of the week, So
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  Speaker 1: tell me, tell me sell.
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  Speaker 2: Okay, my obsession of the week is new beauty product,
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  Speaker 2: and it's the new lipliner from Charlotte Tilbury.
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  Speaker 1: There's a new one.
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  Speaker 2: Yes, it is called the Lip Cheat Contour Duo. So
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  Speaker 2: it's a two in one lipliner and there are four
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  Speaker 2: different shades available, but with each product, it has two
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  Speaker 2: lipliners on each end, so you're getting two for one.
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  Speaker 1: You're getting two for one. A little bit less products,
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  Speaker 1: but two shades.
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  Speaker 2: Yeah, And I think it's amazing if you're looking for
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  Speaker 2: your ideal lip combo because one side is a darker
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  Speaker 2: shade and that's what you use to contour or line
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  Speaker 2: your lips, and then the other side is a slightly
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  Speaker 2: lighter shade and that's the side that you.
• 2:52
  Speaker 1: Used to fill your lips.
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  Speaker 2: But it's the perfect match of products because they're made
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  Speaker 2: to go together.
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  Speaker 1: Which one's your faith?
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  Speaker 2: Crently using the fair shade?
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  Speaker 1: So they all pillow talk, they are.
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  Speaker 2: So it comes in fair, medium, tan, and deep.
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  Speaker 1: Okay, yeah, so it's a tone. Are they they more
• 3:13
  Speaker 1: pinky brown?
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  Speaker 2: Well, it depends on which shade that you go for.
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  Speaker 2: So the fair is light pinky nude with a nude
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  Speaker 2: pink maup. Medium is a neutral cool tope nude with
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  Speaker 2: a warm cepia brown. Tan is a neutral tan brown
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  Speaker 2: with a nude caramel and Deep is a deep cool
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  Speaker 2: brown with rich cocoa brown.
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  Speaker 1: It's thirty eight dollars. So you know, Charlotte Tilbury, she's
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  Speaker 1: on the spinny side. She is on the spinny side.
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  Speaker 2: But I do think that because it's the perfect match together.
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  Speaker 2: It's a two and one product, and Charlotte Tilbury products
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  Speaker 2: are just incredible quality, so I do stand by it.
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  Speaker 2: What I will say as well about the Charlotte Tillery
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  Speaker 2: lip line is is I remember when we I think
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  Speaker 2: it was when we were in America, right, and I
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  Speaker 2: scribbled the Charlotte Tillbree liftliner on my hand, and I
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  Speaker 2: scribbled a Sephora one on my hand, another brand I
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  Speaker 2: can't remember exactly what one it was, and.
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  Speaker 1: The Charlotte Tillbury lift liner was on my hand.
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  Speaker 3: By the end of the day, the other one had
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  Speaker 3: packed her backs, share was down. But the Charlotte till
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  Speaker 3: reallifliner after a whole day, like washing my hands, walking around, Yeah,
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  Speaker 3: it really does last. So my pet peeve is reapplying
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  Speaker 3: my makeup, so I do really vouch for the product. Okay,
• 4:30
  Speaker 3: So my obsession is things I didn't know I could
• 4:35
  Speaker 3: do on my Mac computer. So we've seen a lot
• 4:39
  Speaker 3: of updates coming out with iOS twenty six, which I'm
• 4:42
  Speaker 3: actually a really big fan of a lot of them.
• 4:44
  Speaker 3: I think they look really cool. You can customize your
• 4:46
  Speaker 3: I message. Now there's call screening, which like, thank fuck.
• 4:51
  Speaker 3: The call screening on Apple is going to change my
• 4:54
  Speaker 3: life because there is nothing more annoying than when I
• 4:57
  Speaker 3: pick up the phone and I hear that and I'm
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  Speaker 3: like fuck yeah, I just basically like.
• 5:02
  Speaker 1: I don't pick up the phone if I don't know
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  Speaker 1: the number.
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  Speaker 3: Now, anyway, we went away to Orange with Apple, where
• 5:07
  Speaker 3: they showed us a bunch of new things that you
• 5:09
  Speaker 3: can do with the recent updates, and my favorite thing
• 5:13
  Speaker 3: is that you can basically get three desktops in one
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  Speaker 3: with this little hack that I had no idea of
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  Speaker 3: that when you swipe up with three fingers, you can
• 5:23
  Speaker 3: create like sub desktops. So basically what you can do
• 5:27
  Speaker 3: is you can have one for work, one for personal,
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  Speaker 3: one for shopping, whatever you want them to be, and
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  Speaker 3: basically categorize your screens by what you want to do.
• 5:37
  Speaker 3: Because as someone who constantly has five billion tabs open
• 5:42
  Speaker 3: and Windows, this has been a game changer for me.
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  Speaker 3: The other little hack that I discovered again, never knew
• 5:49
  Speaker 3: you could do. This might be obvious that if you
• 5:51
  Speaker 3: go to on your windows, when you have the red, yellow,
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  Speaker 3: and green little buttons in the top left, if you
• 5:58
  Speaker 3: click the green and hold it, you can actually tetris
• 6:02
  Speaker 3: all your windows to fit into your screen. I was
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  Speaker 3: my mind was blown, blown, baby, Like, I truly have
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  Speaker 3: never utilized my computer like this before. I know.
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  Speaker 2: There are so many hacks with Max and also with
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  Speaker 2: your iPhone, Yes, that can just boost your productivity that
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  Speaker 2: I think so many of us have no idea. And
• 6:26
  Speaker 2: I love that Window one makes it so easy to multitier, yes,
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  Speaker 2: because as well, especially with work, you can have your
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  Speaker 2: doc you're working on, your Slack, your Spotify, or if
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  Speaker 2: you're trying to copy notes over from two screens, it
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  Speaker 2: means you can have it open and it just really
• 6:40
  Speaker 2: makes the process a lot more streamlined. And also in
• 6:43
  Speaker 2: the newest update, you can customize your folders on your
• 6:45
  Speaker 2: computer to make them colorful and pretty.
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  Speaker 1: And it's a really bitch honestly.
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  Speaker 2: Literally, I'm like ten smash yeah.
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  Speaker 1: So love that. We actually have so many more tips.
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  Speaker 2: So I think we might do a little social series
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  Speaker 2: on things I didn't know my phone could do. Yeah,
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  Speaker 2: which I'm very excited for.
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  Speaker 1: Love. Okay, shall we get into the episode. Let's do it. Okay.
• 7:12
  Speaker 1: I want to start the.
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  Speaker 2: Episode with some chick submissions that we recently put up
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  Speaker 2: a story for your unhinged money hacks. And we're not
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  Speaker 2: talking like automatic transfers or like a ten percent off
• 7:27
  Speaker 2: promo code.
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  Speaker 1: I wanted unhinged, and.
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  Speaker 3: I am very proud of the chicks they've delivered. Okay,
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  Speaker 3: unhinged money hacks from the chicks. I flip my undies
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  Speaker 3: around for the next day.
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  Speaker 2: Use.
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  Speaker 1: I think everyone does.
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  Speaker 2: This a sure.
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  Speaker 1: I'm going to be honest.
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  Speaker 2: I have been traveling and I ran out of clean
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  Speaker 2: undies and I did flip. I did do the flip.
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  Speaker 2: I have done it before. There is no shame here.
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  Speaker 2: We listen and we don't judge.
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  Speaker 3: This isn't something I think that I would say is a
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  Speaker 3: regular routine for me.
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  Speaker 1: Yeah, but I like it.
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  Speaker 2: I take works batteries to use on my vibrators. If
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  Speaker 2: they can cause me stress, they.
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  Speaker 1: Can relieve it. I love that. I love that.
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  Speaker 2: Okay, going to Mecca and Sephora and asking for a sample.
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  Speaker 2: I'm on my sixteenth why By Foundation.
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  Speaker 1: When you can get a sample. I agree, especially the
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  Speaker 1: really expensive ones.
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  Speaker 2: If the wine was more than fifteen dollars, the glass
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  Speaker 2: also comes with it.
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  Speaker 1: I saw that on TikTok the other day.
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  Speaker 2: Some said the exact same thing and pulled out like
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  Speaker 2: a wine glass on their pocket.
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  Speaker 1: I actually, I can cur, I can cur.
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  Speaker 2: We have a friend who is such an angel baby
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  Speaker 2: that her friend stole a glass from a bar that
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  Speaker 2: she calls the restaurant the next day.
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  Speaker 1: Offering to pay for it.
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  Speaker 2: Okay, oh my gosh, snapping off broccoli and mushroom stalks
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  Speaker 2: so it weighs less at the till.
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  Speaker 1: Life Act. Genius.
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  Speaker 2: Yeah, I don't remember the last time I bought tampon
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  Speaker 2: slash pads.
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  Speaker 1: Thanks work.
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  Speaker 3: Yeah, if you haven't stolen tampons or toilet paper from work.
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  Speaker 1: What are you doing. I definitely stole toilet paper from
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  Speaker 1: work during COVID. Oh yeah, someone.
• 9:18
  Speaker 2: Said, I pretend not to see when my baby takes
• 9:21
  Speaker 2: things off the shelves when grocery shopping. Oh my god,
• 9:25
  Speaker 2: but you've still got to go through the checkout, yeah,
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  Speaker 2: she said, heist.
• 9:31
  Speaker 1: Oh special date night.
• 9:32
  Speaker 2: Always putting b day or anniversary in the instructions for
• 9:36
  Speaker 2: extra service cane confirm confirm so and I do that
• 9:40
  Speaker 2: on like every holiday, and one time we really like
• 9:43
  Speaker 2: took it too far and.
• 9:44
  Speaker 1: We said it was a honeymoon.
• 9:46
  Speaker 3: And so then the entire dinner we pretended to have
• 9:49
  Speaker 3: a fight about our wedding.
• 9:51
  Speaker 1: That sound like an overbearing mother. And I was like,
• 9:54
  Speaker 1: I love your mom.
• 9:55
  Speaker 3: You know I love her, but I just felt like
• 9:57
  Speaker 3: she was really present on the day. I've been like,
• 10:00
  Speaker 3: I don't know what you want me to do about that,
• 10:02
  Speaker 3: like she's my mom, and I was like, I know,
• 10:04
  Speaker 3: I said I love her.
• 10:05
  Speaker 2: And then we're like pretending to have this spot one
• 10:06
  Speaker 2: one hundred percent the way to new We we're fucking lying.
• 10:09
  Speaker 2: He's like, you guys really don't need to do this,
• 10:10
  Speaker 2: Like I don't give a fuck if.
• 10:11
  Speaker 1: You get free cake, have your free tier missoon. Yeah, literally,
• 10:14
  Speaker 1: have your free tiersoon. Shut up. I'm going to use
• 10:19
  Speaker 1: that now when everyonem complaining about something.
• 10:21
  Speaker 2: Someone said, I'm gonna go have your free tier massou
• 10:24
  Speaker 2: and shut up.
• 10:26
  Speaker 1: Put that shit on shirt. You put that shit on
• 10:28
  Speaker 1: a shirt. Okay. I think those are some perfect ones.
• 10:33
  Speaker 1: If you have any of your own, please drop them
• 10:35
  Speaker 1: in the comments.
• 10:36
  Speaker 2: Oh my god, Yes, we don't endorse theft, by the way.
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  Speaker 1: Yeah, but when you take talk a bit from both,
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  Speaker 1: that's different. Yeah, exactly.
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  Speaker 3: Shall we get into our five signs you're doing better
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  Speaker 3: financially than you think you are.
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  Speaker 1: All right, let's go hit me, sound hit mare.
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  Speaker 2: Number one, You contribute to your savings each month. Forty
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  Speaker 2: eight percent of Australians don't. But we're getting better.
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  Speaker 4: Oh yay, things are looking up, things are looking at
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  Speaker 4: So according to a study by can Star, sixty two
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  Speaker 4: percent of Australians claim they put money away each month,
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  Speaker 4: which is a significant increase from fifty one percent last year.
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  Speaker 1: That is huge.
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  Speaker 2: Yeah, an eleven percent increase is really big.
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  Speaker 1: Especially during a cost of living crisis. I agree. So
• 11:23
  Speaker 1: pat yourself on the.
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  Speaker 2: Back if you are doing that, even if it's one dollar, Absolutely,
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  Speaker 2: even if it's one dollar.
• 11:30
  Speaker 1: Yeah. And of course there.
• 11:31
  Speaker 2: Are a lot of different ways that you can be
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  Speaker 2: saving money away, but the most popular way still remains
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  Speaker 2: savings accounts, with forty four percent of Australians choosing this method.
• 11:42
  Speaker 2: So again, you don't have to be like stowing money
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  Speaker 2: away in all of these creative ways when you're getting started. Yeah,
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  Speaker 2: just like you said, putting one dollar away in a
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  Speaker 2: savings account is the perfect place to start to build
• 11:54
  Speaker 2: the habit when that I really enjoyed that is super
• 11:57
  Speaker 2: simple is just roundups. So with my bank that I
• 12:01
  Speaker 2: have is you can select round up that goes into
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  Speaker 2: your savings. So let's say you spend a dollar fifty right,
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  Speaker 2: the bank will then round up the fifty cents to
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  Speaker 2: the next dollar and put that fifty cents into a
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  Speaker 2: savings account. And it's all these tiny little things that like, yes,
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  Speaker 2: by the end of the week, maybe it's five dollars,
• 12:21
  Speaker 2: but that's still five dollars.
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  Speaker 1: That's in that account more than what it is.
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  Speaker 3: And you know what, that savings account could just be
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  Speaker 3: my fun account totally, Like that doesn't have to be
• 12:29
  Speaker 3: like my big gal savings, Like that could just be
• 12:32
  Speaker 3: the account that I'm like, oh I like something.
• 12:34
  Speaker 1: Let me get it. Let me get that with my
• 12:37
  Speaker 1: round up savings.
• 12:38
  Speaker 2: Like just the little things that you can do to
• 12:42
  Speaker 2: feel like you are adulting, not to use the millennial term.
• 12:45
  Speaker 1: Yeah, I love that.
• 12:46
  Speaker 2: Anything that automates the process is a huge win, especially
• 12:49
  Speaker 2: if you're not a natural saver, you're an actual spender. Yeah,
• 12:52
  Speaker 2: and that appens in the background. I'm an actual spender. Yeah,
• 12:55
  Speaker 2: I was born to spend. I came out the womb
• 12:58
  Speaker 2: and I was like, I'll take that. Yeah. Another strategy
• 13:01
  Speaker 2: that I really like for savings is pay yourself first.
• 13:04
  Speaker 2: So this is a popular method with some people, but
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  Speaker 2: it's treating your savings as a non negotiable like you
• 13:11
  Speaker 2: would with your bills or your rent. So when you
• 13:14
  Speaker 2: get your pay each month, before you spend money on anything,
• 13:19
  Speaker 2: you put money into your savings, and then you pay
• 13:21
  Speaker 2: your bills and your other essentials, because the reverse of
• 13:25
  Speaker 2: that is paying all your bills and everything, having your
• 13:29
  Speaker 2: fun money, and then at the end of the month,
• 13:31
  Speaker 2: what's left. You put that into your savings, and a
• 13:33
  Speaker 2: lot of the time there isn't much left, or maybe
• 13:36
  Speaker 2: we've spent a little bit more than we should have
• 13:39
  Speaker 2: on our fun account. So I think putting that money
• 13:41
  Speaker 2: away first and treating your savings as a non negotiable
• 13:46
  Speaker 2: expense is also a great way to make sure that
• 13:49
  Speaker 2: you are consistently putting money away each month if that
• 13:52
  Speaker 2: is a goal for you, And what you can do
• 13:53
  Speaker 2: with that is create a barrier for yourself. Like I
• 13:55
  Speaker 2: said before, I'm a natural born spender baby. So one
• 13:58
  Speaker 2: thing I do is I like to create a barrier
• 14:01
  Speaker 2: between being able to transfer my savings to my spending
• 14:05
  Speaker 2: because it forces.
• 14:06
  Speaker 3: Me to think about whether I really need it. So
• 14:09
  Speaker 3: like I just don't have the app on my phone.
• 14:11
  Speaker 3: I have a completely separate bank that's my savings and
• 14:13
  Speaker 3: a completely separate bank that is my spending. And if
• 14:18
  Speaker 3: for some reason I'm like, oh I really want this
• 14:21
  Speaker 3: and I have to do download the app, log in,
• 14:25
  Speaker 3: remember the password, which you know, sometimes we're like, where.
• 14:29
  Speaker 1: Which one is it? That whole process and that can't
• 14:32
  Speaker 1: be fucked.
• 14:33
  Speaker 2: I don't want it, don't want it that much if
• 14:35
  Speaker 2: I can't be bothered to do that, which really takes
• 14:37
  Speaker 2: two minutes. But if I can't be able to do
• 14:40
  Speaker 2: that two minutes, and I might, I obviously don't want
• 14:42
  Speaker 2: it that much. Yeah, and it literally saves me so
• 14:45
  Speaker 2: much money on nights out for sure.
• 14:49
  Speaker 1: Next rounds, I'm met. Nevermind, No it's not. Yeah, yeah, okay.
• 14:54
  Speaker 3: Next sign you're doing better financially than you think you are?
• 14:57
  Speaker 1: Is you shop secondhand? Now? We saw?
• 15:00
  Speaker 2: Can I talk about this a lot? And it's because
• 15:03
  Speaker 2: we're big fucking fans. So fifty eight percent of Ossie
• 15:06
  Speaker 2: consumers frequently purchase secondhand goods, which is amazing. That's a
• 15:12
  Speaker 2: super high number, but it's also nearly half of Australian's
• 15:16
  Speaker 2: aren't and I think we're going to see this trend
• 15:19
  Speaker 2: continue to grow, which is amazing. And I think a
• 15:22
  Speaker 2: lot of the reason behind the people who don't is
• 15:26
  Speaker 2: maybe a little bit of a lack of education around
• 15:30
  Speaker 2: it or how too. I see so many people confused
• 15:34
  Speaker 2: by how to actually find good things in vintage stores
• 15:37
  Speaker 2: and how to find good things on deepop that there
• 15:40
  Speaker 2: is a real art to it, but once you get
• 15:43
  Speaker 2: in it's a cult.
• 15:45
  Speaker 1: Fully things I think are a cult thrift shopping. Who's
• 15:48
  Speaker 1: in it? Me love it? So I think the reason
• 15:52
  Speaker 1: this is.
• 15:53
  Speaker 2: Becoming a much bigger uptick and uptake of secondhand shopping
• 15:59
  Speaker 2: is a number of reasons. Cost of living pressures, sustainability, awareness,
• 16:03
  Speaker 2: individual style and treasure hunting, rise of online platforms, changing perceptions,
• 16:09
  Speaker 2: and rapid market growth.
• 16:12
  Speaker 1: I think the first two of those is quite obvious.
• 16:15
  Speaker 2: We know that cost of living has definitely pushed people
• 16:19
  Speaker 2: towards trying to find more affordable options, especially within clothing,
• 16:24
  Speaker 2: but also sustainability because these clothes already exist, and there
• 16:28
  Speaker 2: are so many studies and articles out there about the
• 16:32
  Speaker 2: amount of clothes we have existing now we could like wear.
• 16:37
  Speaker 1: For the next five billion years. That's not the study.
• 16:40
  Speaker 1: I think that's a sign of everyone. Yeah, asterixs asterisk.
• 16:45
  Speaker 2: But my favorite one of this is the individual style
• 16:48
  Speaker 2: and treasure hunting element of it, because secondhand shopping opens
• 16:52
  Speaker 2: the door to one of the kind pieces vintage finds
• 16:55
  Speaker 2: not available in mainstream stores.
• 16:57
  Speaker 1: And for style conscious consumers that's us. Let's say that, particularly.
• 17:03
  Speaker 3: Younger generations, it's a chance to showcase individuality and stand out.
• 17:07
  Speaker 3: Which that's why I love fashion, like I love fashion
• 17:11
  Speaker 3: of feeling.
• 17:12
  Speaker 2: You know, like I get to express creativity and feel
• 17:15
  Speaker 2: like myself. And that's not to say that I never
• 17:17
  Speaker 2: buy things from a store either, Like if I like it,
• 17:19
  Speaker 2: then I'm gonna wear.
• 17:20
  Speaker 1: It then Yeah.
• 17:22
  Speaker 3: But I definitely think this treasure hunting element has definitely
• 17:26
  Speaker 3: pushed thrifting.
• 17:28
  Speaker 1: I think unfortunately we are seeing thrifting become more and
• 17:33
  Speaker 1: more expensive.
• 17:34
  Speaker 2: Like when we're in America, we were definitely like, oh
• 17:38
  Speaker 2: my god, yeah, like this is really expensive, but there
• 17:41
  Speaker 2: are some amazing pieces that you can find, and recently
• 17:44
  Speaker 2: Vinnie's just launched an online store, which was another point
• 17:48
  Speaker 2: that I said was the rise of online platform So
• 17:51
  Speaker 2: like eBay has been around for forever, but we've also.
• 17:54
  Speaker 1: Seen Facebook Marketplace deep up in the last ten years.
• 17:57
  Speaker 3: Those have taken off, and now Vinnie's has all also
• 18:00
  Speaker 3: joined the online shopping era of thrifting with the new
• 18:03
  Speaker 3: site called Vinnie's Fines dot com dot au. And it's
• 18:06
  Speaker 3: their more maybe higher tier pieces, more curated, a more
• 18:12
  Speaker 3: curated collection that they have, you know, vintage designer.
• 18:15
  Speaker 1: They also have more higher end items from like.
• 18:18
  Speaker 2: Zimmerman, other ones that I comes, yeah, Zimmerman, Levi's Lee
• 18:23
  Speaker 2: And whilst these do have probably a higher price point
• 18:27
  Speaker 2: than what you would find in store, it's still significantly
• 18:31
  Speaker 2: cheaper than what you would probably find in a thrift
• 18:35
  Speaker 2: focused store or for the full priced item totally.
• 18:40
  Speaker 1: And also it goes back into a charity.
• 18:42
  Speaker 2: Yeah, so I'm okay with paying a little bit more
• 18:45
  Speaker 2: for a really cool piece knowing that as well it's
• 18:48
  Speaker 2: going towards a charity that is focused on helping people.
• 18:52
  Speaker 1: But yeah, I love it. I think everyone knows we
• 18:54
  Speaker 1: love it.
• 18:55
  Speaker 2: So but if you do want to thrift more and
• 19:00
  Speaker 2: you don't know how, like you really struggle to find
• 19:03
  Speaker 2: the good pieces on Deepop.
• 19:04
  Speaker 1: I do have a little little routine that I do.
• 19:08
  Speaker 3: So, for example, when I'm trying to find a good
• 19:09
  Speaker 3: piece on deepop and I really am looking for a
• 19:13
  Speaker 3: certain style, I think you will find that sellers incorporate,
• 19:18
  Speaker 3: Like when you find a seller that has a wardrobe
• 19:21
  Speaker 3: aesthetic similar to what you're after, that's what you likech onto.
• 19:25
  Speaker 1: So let's say I'm wanting to find like, my style
• 19:28
  Speaker 1: is very much.
• 19:29
  Speaker 2: Seventies, maybe a little bit more masculine, a little bit
• 19:34
  Speaker 2: more rock and roll. Right, if I find that, and
• 19:36
  Speaker 2: I find a seller, Let's say there sell an amy
• 19:38
  Speaker 2: is Daisy Jones sixty nine.
• 19:40
  Speaker 1: So I'm going to go to Daisy Jones sixty.
• 19:42
  Speaker 2: Nine her store, have a little scroll, enjoy myself. But
• 19:46
  Speaker 2: then I know that she likes things that I like.
• 19:49
  Speaker 2: So then I'm going to go look at her likes
• 19:51
  Speaker 2: because you can see that on deepop, and I'm going
• 19:54
  Speaker 2: to see the things that she likes because I like
• 19:56
  Speaker 2: what she likes.
• 19:57
  Speaker 1: Then I'm going to find more people.
• 20:00
  Speaker 3: So let's say I find another seller through that person
• 20:03
  Speaker 3: called Penny Lane sixty nine.
• 20:05
  Speaker 1: Then I'm gonna look at Penny Lane stuff and.
• 20:07
  Speaker 2: Maybe I'll send a few negotiations on that. Then we're
• 20:11
  Speaker 2: gonna look at her likes. That is how I find
• 20:13
  Speaker 2: cool shit on Deepop. I find the sellers that I like,
• 20:16
  Speaker 2: and then I look at their lax.
• 20:18
  Speaker 1: That'll probably be some people I've been like, no, I
• 20:20
  Speaker 1: was going to buy that, but I'm like, that's how
• 20:22
  Speaker 1: I discovered the cool shit. Yeah. And also it's public information.
• 20:26
  Speaker 4: Yeah.
• 20:26
  Speaker 2: Deepop would have that showing for that exact reason exactly
• 20:30
  Speaker 2: to help funnel people into their niche interests. And deepop
• 20:34
  Speaker 2: or Facebook, Marketplace or eBay is just like any other platform,
• 20:37
  Speaker 2: and it functions on an algorithm, and you have to
• 20:40
  Speaker 2: train the dragon to give you the treasures that you want.
• 20:44
  Speaker 1: Fat okay.
• 20:45
  Speaker 2: Our third sign that you're doing better than you think financially,
• 20:49
  Speaker 2: you don't have buy now, pay later debt. So in
• 20:53
  Speaker 2: September twenty twenty four, the average buy now, pay later
• 20:56
  Speaker 2: the debt was nine hundred and sixty four dollars. This
• 20:59
  Speaker 2: actually significantly from July twenty twenty three, when the average
• 21:04
  Speaker 2: was one three hundred and ninety one dollars.
• 21:07
  Speaker 3: Interestingly, I think we will see this debt go even
• 21:11
  Speaker 3: lower if you listen to the News Arrivals episode from
• 21:15
  Speaker 3: a couple weeks back, we actually discussed how buy now
• 21:17
  Speaker 3: Pay Later has evolved and is now looked at like
• 21:21
  Speaker 3: credit and can affect your credit score. So I think
• 21:24
  Speaker 3: with this in mind, people are going to be a
• 21:26
  Speaker 3: lot more conservative with.
• 21:28
  Speaker 1: The way that they use buy Now Pay Later. We're
• 21:30
  Speaker 1: not trying to demonize it as well.
• 21:32
  Speaker 2: We know that this can be an incredibly helpful tool
• 21:34
  Speaker 2: for those who need to split payments across their paycheck, Yeah,
• 21:38
  Speaker 2: freeing up.
• 21:38
  Speaker 1: Cash flow, freeing up cash flow.
• 21:40
  Speaker 3: And we've very commonly said that using this like Christmas
• 21:45
  Speaker 3: time can be a really really helpful thing.
• 21:47
  Speaker 1: And if you are on time with your payments and you.
• 21:49
  Speaker 2: Do follow the process as you should do so responsibly. Yeah,
• 21:54
  Speaker 2: but that's the thing. The problem is a lot of
• 21:58
  Speaker 2: people don't do that. Elf included when I first got
• 22:01
  Speaker 2: it when I was younger, I definitely had late payments
• 22:05
  Speaker 2: and would have to pay fees because I'm forgetful.
• 22:07
  Speaker 1: And potentially the money wasn't in my account.
• 22:09
  Speaker 3: I was like, oh fuck being bang bong. Yeah, Like
• 22:12
  Speaker 3: I don't want anyone to feel like shit.
• 22:14
  Speaker 1: Yeah, I've done that. I'm bad at my money.
• 22:16
  Speaker 3: That's I think more often than not people would have
• 22:19
  Speaker 3: missed a payment on after pay at least once. And
• 22:22
  Speaker 3: that's where you kind of have to look at it
• 22:24
  Speaker 3: in terms of being like, all right, am I actually
• 22:27
  Speaker 3: using this as a responsible way to free up cash flow.
• 22:31
  Speaker 2: And you know, base my money out? Or am I
• 22:35
  Speaker 2: using this because it's t he free money? But it's
• 22:37
  Speaker 2: not free money.
• 22:38
  Speaker 1: It's not it's your money.
• 22:39
  Speaker 2: And just like any credit product, like a credit card,
• 22:43
  Speaker 2: as soon as you're paying any sort of interest or fee,
• 22:46
  Speaker 2: you're completely nullifying any sort of benefit that you got
• 22:50
  Speaker 2: from using that service. So, just like anything, you can
• 22:53
  Speaker 2: use it, but use it responsibly and have a payment
• 22:56
  Speaker 2: plan and a budget plan in place. Okay, and before
• 23:00
  Speaker 2: you know what subscriptions you're paying for this is the
• 23:03
  Speaker 2: one at the start of the episode that I have
• 23:07
  Speaker 2: to work on. So according to savings dot com dot
• 23:11
  Speaker 2: Au research suggests unneus subscriptions and forgotten payments are costing
• 23:15
  Speaker 2: Australians up to one two hundred and sixty one dollars
• 23:19
  Speaker 2: per year.
• 23:20
  Speaker 1: That is crazy.
• 23:22
  Speaker 2: That's a lot of money that's the unused and'sgotten on you.
• 23:26
  Speaker 2: That's not counting the ones that you know that you're
• 23:28
  Speaker 2: paying for and are using actively.
• 23:30
  Speaker 1: Uh huh.
• 23:30
  Speaker 3: So ninety five percent of Australians have at least one
• 23:35
  Speaker 3: scheduled outgoing payment per month, and the average person has five.
• 23:41
  Speaker 1: I definitely have more than five. I definitely have more
• 23:44
  Speaker 1: than five.
• 23:44
  Speaker 2: And I don't know what they are above average, but
• 23:51
  Speaker 2: you know what it's like. That's the thing that is
• 23:54
  Speaker 2: why we need to have these scheduled moments that we
• 23:57
  Speaker 2: look at what's coming out of our account. Because when
• 23:59
  Speaker 2: I've done it in the past, I've realized that I
• 24:01
  Speaker 2: was paying for you know, a streaming service twice.
• 24:05
  Speaker 1: Yeah, because I've done the I've.
• 24:07
  Speaker 3: Done the free trial thing right and then forgotten to
• 24:10
  Speaker 3: cancel it.
• 24:10
  Speaker 1: Yeah.
• 24:11
  Speaker 2: That I'm just like, yeah, Or you're paying for duplicate services, yeah,
• 24:15
  Speaker 2: you know, like you've got to drop Box and you've
• 24:17
  Speaker 2: got your Google Drive literally literally.
• 24:21
  Speaker 1: Yeah. So obviously the.
• 24:23
  Speaker 2: Tip within this, if you haven't ticked this one off
• 24:27
  Speaker 2: same disease, is to categorize and do an audit of
• 24:31
  Speaker 2: your subscriptions and to categorize them as essential, nice to have,
• 24:35
  Speaker 2: or unused.
• 24:36
  Speaker 1: And you need to be cutthroat. We're gonna like Swedish.
• 24:41
  Speaker 2: Death clean Marie Condo these bitches. So being brutally honest,
• 24:46
  Speaker 2: You're essentials is things you use regularly and bring it
• 24:49
  Speaker 2: clear value.
• 24:51
  Speaker 1: Eg.
• 24:52
  Speaker 2: Spotify or your cloud storage or your gym membership if
• 24:57
  Speaker 2: you're actually.
• 24:58
  Speaker 1: Going, yeah, important part of that. That one was a
• 25:02
  Speaker 1: little tidbit for musself. Your next is nice to have,
• 25:07
  Speaker 1: so you use it, but you could live without it,
• 25:11
  Speaker 1: then maybe you can just resubscribe.
• 25:13
  Speaker 2: For example, where you watch RuPaul's Drag Race like it's
• 25:16
  Speaker 2: our death show, like my Final Day, give me the
• 25:20
  Speaker 2: drag Queens. But whenever it's not on am I using
• 25:24
  Speaker 2: that streaming platform.
• 25:26
  Speaker 1: It's nice to have. It's nice to have on a
• 25:28
  Speaker 1: Friday when I don't know what to watch. But that's
• 25:30
  Speaker 1: the only thing. But that's kind of the only thing.
• 25:33
  Speaker 1: And that's just an example, dah.
• 25:35
  Speaker 2: I think it's the whole thing of like, oh well
• 25:36
  Speaker 2: something might pop up and it's like, well fuck if
• 25:40
  Speaker 2: one movie, but you know what, you.
• 25:42
  Speaker 1: Could probably just rent the movie.
• 25:44
  Speaker 2: Yeah, it's cheaper than the actual streaming platforms these days.
• 25:48
  Speaker 3: Yes, so like renting your movies like three dollars, yeah,
• 25:50
  Speaker 3: rather than twelve dollars.
• 25:52
  Speaker 2: Video stores made all same or like the DVD ending machines.
• 25:57
  Speaker 2: Oh my god, yeah, yeah, like you'd get Domin and
• 26:00
  Speaker 2: then you'd get like a DVD that had Shrek and.
• 26:03
  Speaker 1: No, I agree.
• 26:05
  Speaker 2: And then finally is you're unused or forgotten that you
• 26:08
  Speaker 2: haven't touched in weeks or months, And again you have
• 26:12
  Speaker 2: to not be like, oh but do you know what
• 26:13
  Speaker 2: I will start next week or I'll use it, just
• 26:15
  Speaker 2: get rid of it because you can always get it
• 26:17
  Speaker 2: back and unsubscribe from the fucking emails because I can't
• 26:24
  Speaker 2: stand on people like we missed you coming, No, yeah,
• 26:28
  Speaker 2: leave me alone, bas Sheeba get Away Darker. The other
• 26:31
  Speaker 2: thing you can do with this is bundle services. So
• 26:35
  Speaker 2: one that we discovered this year.
• 26:37
  Speaker 3: That I was like, fuck, that's good value is Amazon
• 26:41
  Speaker 3: Prime includes multiple perks, so you get Prime the streaming service.
• 26:47
  Speaker 1: You can also.
• 26:48
  Speaker 2: Include Amazon Music, which within Amazon Music, depending on what
• 26:52
  Speaker 2: level you are, you also get Audible Access, which you
• 26:56
  Speaker 2: get one credit per month, which is one book per month.
• 26:59
  Speaker 2: That I'm like, that's like three streaming services in one
• 27:02
  Speaker 2: payment that I'm like, that's good that I'm like, Okay,
• 27:06
  Speaker 2: that's good value. So look for those things that you
• 27:08
  Speaker 2: can bundle with or you can even earn points with
• 27:11
  Speaker 2: for example, my pet insurance. I bundled with my points
• 27:17
  Speaker 2: so that every time I pay for my pets pet insurance,
• 27:20
  Speaker 2: I'm also earning points. I got like thirty thousand points
• 27:24
  Speaker 2: from that.
• 27:24
  Speaker 1: That's so good.
• 27:25
  Speaker 2: Or you can do it with your electricity, Like look
• 27:27
  Speaker 2: at the things that like, especially with phones, like your
• 27:31
  Speaker 2: phone plan, there are so many things that they do
• 27:35
  Speaker 2: with that that you get free streaming services within your
• 27:37
  Speaker 2: phone plan when you sign up for X.
• 27:40
  Speaker 1: Amount of months or whatever it is.
• 27:42
  Speaker 2: Or when you get a new Apple product, do you
• 27:44
  Speaker 2: get free Apple music?
• 27:45
  Speaker 1: Like, there's so many bundles. We should do a cheat
• 27:48
  Speaker 1: sheet of bundles. Yeah, that would be good.
• 27:50
  Speaker 3: Yep, love that yeppers. So yeah, I think make this
• 27:54
  Speaker 3: part of your routine. Make this a monthly review. I
• 27:56
  Speaker 3: feel like I need to make this a weekly review
• 28:00
  Speaker 3: so that I can wrap my head around exactly what's
• 28:02
  Speaker 3: coming out monthly. Yeah, and then I can probably transition
• 28:06
  Speaker 3: to a monthly review.
• 28:08
  Speaker 1: I feel like I need to do weekly first.
• 28:09
  Speaker 2: Yeah, need to really get.
• 28:11
  Speaker 3: Onto it so that way it's smaller increments, because I
• 28:13
  Speaker 3: think what's deterring me is like a month.
• 28:15
  Speaker 1: Like I got through a whole month.
• 28:16
  Speaker 3: Yeah, that's a lot, big task, whereas if I do
• 28:20
  Speaker 3: it weekly and I and I'm even just writing a list,
• 28:23
  Speaker 3: and then at the end of the month, I.
• 28:24
  Speaker 1: Can be like, goodbye, goodbye, goodbye, goodbye.
• 28:27
  Speaker 3: Yeah, I think that's my that's my goal. Such a
• 28:30
  Speaker 3: satisfying feeling too. Yeah, when you cancel.
• 28:32
  Speaker 2: It, I will do it and I'll come back and
• 28:34
  Speaker 2: I will share how much money I've wasted slash saves Yeah.
• 28:38
  Speaker 1: Nice, Yeah, how much do you say? Let's make it positive? Yeah,
• 28:41
  Speaker 1: but it's also fun to read myself for filth okay
• 28:44
  Speaker 1: our final one.
• 28:46
  Speaker 2: You wait more than twenty four hours to make a purchase.
• 28:50
  Speaker 2: So I studied bi shopfully found that eighty percent of
• 28:53
  Speaker 2: Australians made an impulse purchase in store in twenty twenty four.
• 28:57
  Speaker 2: Across generations, younger Australians are more likely to indulge in
• 29:01
  Speaker 2: impulse purchases, with eighty eight percent of gen z and
• 29:04
  Speaker 2: eighty three percent of millennials admitting to making an impulse
• 29:08
  Speaker 2: buy last year.
• 29:10
  Speaker 1: Also, eight in ten.
• 29:11
  Speaker 2: Australians spent money on items or services without considering the
• 29:15
  Speaker 2: cost Yeah, with the most common categories of these things
• 29:19
  Speaker 2: including clothing and accessories, coffee and takeaway. Yeah, so you
• 29:24
  Speaker 2: mentioned this before, but putting a barrier to entry to
• 29:27
  Speaker 2: make your purchases is a great way to curb impulse
• 29:31
  Speaker 2: spending or maybe spending things, spending money on things a
• 29:36
  Speaker 2: little less mindfully, like not considering the cost of the coffee.
• 29:39
  Speaker 1: Well, it's only eight bucks today.
• 29:41
  Speaker 2: But as we all know, these things add up and
• 29:45
  Speaker 2: every cent and dollar really makes a difference.
• 29:48
  Speaker 1: And there are a lot of.
• 29:49
  Speaker 2: Different ways that you can avoid impulse shopping, but a
• 29:52
  Speaker 2: super popular.
• 29:53
  Speaker 1: One is the twenty four hour rule.
• 29:55
  Speaker 2: The twenty four hour rule is a shopping strategy to
• 29:58
  Speaker 2: help curb impulse buy by delaying your purchase for a day.
• 30:04
  Speaker 2: And so basically, when you feel the urge to buy something,
• 30:06
  Speaker 2: or you see something you're like, ooh, maybe i'll add
• 30:09
  Speaker 2: that to Kart, you wait twenty four hours before making
• 30:12
  Speaker 2: the purchase because this helps delay the instant gratification that
• 30:16
  Speaker 2: you would have gotten from making the purchase and can
• 30:19
  Speaker 2: help you understand do I really want it or was
• 30:22
  Speaker 2: I just seeking a dopamine hit in the moment by
• 30:25
  Speaker 2: spending money.
• 30:26
  Speaker 3: Do you know what that could be a good thing
• 30:27
  Speaker 3: for takeaway in terms of like if it's an impulse
• 30:31
  Speaker 3: I'm speaking for asking for a friend, of being like,
• 30:35
  Speaker 3: for example, when you come home and you're really tired
• 30:37
  Speaker 3: and you do have groceries in the fridge, being like, Okay,
• 30:40
  Speaker 3: do you know what If I really want it, I'll
• 30:42
  Speaker 3: get it for dinner tomorrow night. I'll make the dinner
• 30:45
  Speaker 3: I have now, And if I really want to, I'll
• 30:47
  Speaker 3: get the takeaway tomorrow night.
• 30:48
  Speaker 2: Yeah. If I'm still craving out, yeah, I still think
• 30:51
  Speaker 2: like again, free will have fun, Like I love a
• 30:55
  Speaker 2: Friday night takeaway moment.
• 30:57
  Speaker 3: But it's when it's like that's part of your routine,
• 30:59
  Speaker 3: part my routine, and that's what I mean. I mean like,
• 31:02
  Speaker 3: if you get a coffee every day, that's eight dollars
• 31:04
  Speaker 3: every day, that's that's not I don't categorize that as
• 31:07
  Speaker 3: an impulse thing. I think more along the lines of like, yeah,
• 31:11
  Speaker 3: when you're sitting on the couch, be like, oh, we
• 31:13
  Speaker 3: wanted to get up yeah, and then you see it
• 31:15
  Speaker 3: out and you're like, oh that pus still looks good.
• 31:17
  Speaker 2: Honestly, post takeaway clarity, fuck post nut clarity.
• 31:22
  Speaker 1: Hey, honestly, I think it's worse. I think it's worse too.
• 31:26
  Speaker 2: But if you were trying to curb the impulse spending
• 31:28
  Speaker 2: habit that you have twenty.
• 31:30
  Speaker 1: Four hours is a great place to start. Definitely, love it,
• 31:34
  Speaker 1: love well, that's rap.
• 31:35
  Speaker 3: That's a wrap for this episode of Two Broke Train.
• 31:37
  Speaker 3: Thanks for having us in your ear holes.
• 31:39
  Speaker 2: See y'all next time, come back here where Bye ChEI
• 31:44
  Speaker 2: geez we love yeah And thanks to MKA Made for
• 31:46
  Speaker 2: making today's episode happen.
• 31:48
  Speaker 1: Bye Bye