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Should You Save for a House or Boost Your Super? (Plus a Seriously Spicy Wedding Gift Dilemma...) · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
• 0:04
  Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the Money, a podcast
• 1:00
  Speaker 4: that makes personal finance fun, especially on Fridays. It is
• 1:04
  Speaker 4: our favorite day of the week because I get to
• 1:06
  Speaker 4: get my team together to celebrate you our incredible She's
• 1:09
  Speaker 4: on the Money community. Miss Jess Ricci, She's here to
• 1:12
  Speaker 4: share our favorite money wins. Miss bechsay Ed is here
• 1:16
  Speaker 4: sharing hope broke tips. And we're going to be helping
• 1:18
  Speaker 4: to answer a money dilemma, which this week is all
• 1:20
  Speaker 4: about choosing between contributing to your super or saving for
• 1:23
  Speaker 4: a home and something that you slid into our dms
• 1:26
  Speaker 4: about whether you should still give a wedding gift if
• 1:30
  Speaker 4: you've already spent a grand on being in the brinal party.
• 1:38
  Speaker 1: And said no.
• 1:40
  Speaker 4: Anyway, before I get into that and we get Jess's opinion,
• 1:44
  Speaker 4: and I've thought no idea what it's going to be.
• 1:47
  Speaker 2: How are your weeks? My loves My Maek is really good.
• 1:50
  Speaker 5: I've started a new book series, and it's a fun
• 1:53
  Speaker 5: thing where you know what a book series is really
• 1:55
  Speaker 5: really good and you just carput it. I'm like carrying
• 1:58
  Speaker 5: my kindle, I'm brushing my teeth Holt and I was
• 2:00
  Speaker 5: curlling my hand this morning.
• 2:01
  Speaker 2: Read to me because I'm finally halfway through Iron Flame. Oh,
• 2:07
  Speaker 2: well done? What the series?
• 2:10
  Speaker 5: So it's for everyone, and I do not have very
• 2:13
  Speaker 5: high browd taste. It's a romanticy No, that's exactly what
• 2:16
  Speaker 5: we want, so ruthless boys at the Zodiac. It's a
• 2:19
  Speaker 5: spinoff from a series it's called Zodiac Academy, which, okay,
• 2:22
  Speaker 5: I will say Zodiac Academy not the best written series
• 2:25
  Speaker 5: I've ever read, but again I devoured it.
• 2:27
  Speaker 2: It was really good.
• 2:28
  Speaker 4: But this spinoff series, there's actually a lot of research
• 2:30
  Speaker 4: to say, the more intelligent you are, the less low
• 2:33
  Speaker 4: brow the comedy you enjoy.
• 2:35
  Speaker 2: Oh well, I must have a very good dread. Yes, yeah,
• 2:38
  Speaker 2: we are so intelligent.
• 2:40
  Speaker 5: Yeah, but I'm like, literally my Kindle is in my
• 2:42
  Speaker 5: bag right now. Every spare second I'm reading it. So
• 2:44
  Speaker 5: it's it's just so fun. I'm not trolling on my phone.
• 2:47
  Speaker 5: I'm just need it out a series. The only problem
• 2:49
  Speaker 5: is I was up, like very late last night.
• 2:51
  Speaker 4: I did the same thing. It's actually our who are
• 2:54
  Speaker 4: you reading? Literally I'm only halfway through Iron Flame?
• 2:59
  Speaker 2: You loving it?
• 2:59
  Speaker 4: Though?
• 3:00
  Speaker 6: Yeah?
• 3:00
  Speaker 4: Like I'm back into it, as I think most people
• 3:03
  Speaker 4: who follow me on Instagram. No, I was really into
• 3:06
  Speaker 4: that series and got quite frustrated when the series ended
• 3:10
  Speaker 4: and the book wasn't coming out, and so like I
• 3:12
  Speaker 4: literally pre ordered this book like it came out what
• 3:15
  Speaker 4: was it, January?
• 3:16
  Speaker 2: So everybody has read.
• 3:18
  Speaker 4: This book already, and like, I have not read any
• 3:21
  Speaker 4: other books this year.
• 3:22
  Speaker 2: Like I wish I could be like, oh my god,
• 3:23
  Speaker 2: I've read like four books or what? No, not me?
• 3:25
  Speaker 2: Not me, guys, like absolutely not.
• 3:27
  Speaker 4: My best friend read over one hundred books in twenty
• 3:31
  Speaker 4: twenty four.
• 3:32
  Speaker 2: Harry. I think I'm on track. For that.
• 3:35
  Speaker 4: It's actually insane really, like as in that's inclined about that, right,
• 3:39
  Speaker 4: that's like two full books at least a week.
• 3:42
  Speaker 2: Yeah, that's insane.
• 3:44
  Speaker 5: Right, one of these books in a day, but like
• 3:48
  Speaker 5: completely possible if you are able to dedicate the time.
• 3:51
  Speaker 4: And I mean she's child free, so it must be
• 3:53
  Speaker 4: no totally because I am now in May, still trying
• 3:56
  Speaker 4: to get through one book that I bought in January.
• 4:00
  Speaker 2: So well, you know, while are you for sticking with
• 4:03
  Speaker 2: thank you? I have tried my best.
• 4:05
  Speaker 4: It is really good, though, so I'm looking for more
• 4:08
  Speaker 4: recommendations because I just like even the idea that I
• 4:10
  Speaker 4: have my Kindle on me, Like, I just like that
• 4:14
  Speaker 4: that's an option instead of like mindless scrolling totally. But
• 4:19
  Speaker 4: I have to be really invested in the series, like
• 4:21
  Speaker 4: I don't just it's like I can't be bothered wasting
• 4:25
  Speaker 4: my time if the book isn't gripping me, like I
• 4:27
  Speaker 4: just straight out, fair, straight out. So anyway, that's my story, Beck,
• 4:32
  Speaker 4: how's your week?
• 4:33
  Speaker 7: It's been really really nice. I honestly, I wish I
• 4:38
  Speaker 7: could tell you something juicy next Friday. If I don't
• 4:40
  Speaker 7: have anything juicy, I'm gonna I'll make something up for you.
• 4:43
  Speaker 2: Goodness.
• 4:43
  Speaker 4: Actually, I've got something juicy and it involves you. I
• 4:45
  Speaker 4: ran into your best friend at Kmart in Rosebud. Actually, yes,
• 4:50
  Speaker 4: that was coincidental, and we were talking about what she
• 4:53
  Speaker 4: was doing and she was sorry, live, but she was
• 4:56
  Speaker 4: buying slippers for a love interest. She's like, I'm just
• 5:01
  Speaker 4: gonna love Bomber and I was like, oh, that feels
• 5:04
  Speaker 4: like a book, like a page straight out of a
• 5:06
  Speaker 4: Begsited book. And she's like, I wrote that book. Like
• 5:10
  Speaker 4: if you taught back how to love just to love
• 5:13
  Speaker 4: a girls?
• 5:13
  Speaker 2: Yea.
• 5:15
  Speaker 4: Honestly, Jess and I talk about this all the time,
• 5:18
  Speaker 4: like we honestly should just be lesbians because you guys
• 5:22
  Speaker 4: are way cooler than us and the expectation in the
• 5:24
  Speaker 4: bar by you has been set up here. What do
• 5:27
  Speaker 4: you mean you just thought that the person that you're
• 5:30
  Speaker 4: interested in would love a fluffy, cozy pair of slippers.
• 5:33
  Speaker 2: So you click and collected them. That is really would
• 5:35
  Speaker 2: your partner? Ever? I don't think so, No, that's really
• 5:38
  Speaker 2: it's just like, it's it's how.
• 5:39
  Speaker 8: We all like girls, your love language, it's how we
• 5:44
  Speaker 8: do like even like if Victoria, if you said to
• 5:46
  Speaker 8: me like I really want some handwarmers and and next
• 5:50
  Speaker 8: time I see them, I'd be like, oh my god,
• 5:51
  Speaker 8: I'll buy this.
• 5:51
  Speaker 2: For you know what I mean. Yeah, it's just like how.
• 5:53
  Speaker 4: We think and you feel like you're aware of and
• 5:56
  Speaker 4: that's I like, that's is that how you say it? Just?
• 6:00
  Speaker 3: And do you like?
• 6:02
  Speaker 2: Growing up?
• 6:03
  Speaker 4: My dad used to be like, don't say me say
• 6:05
  Speaker 4: I like it would be like confusing.
• 6:07
  Speaker 2: Just and me are going to the shops. He'd be like,
• 6:09
  Speaker 2: Just and I are going to the shops. And now
• 6:12
  Speaker 2: I don't even know which one's right. I know when
• 6:14
  Speaker 2: you allow us me, I don't know. It's a great question.
• 6:17
  Speaker 2: It's a great question, and I don't think anyone knows
• 6:18
  Speaker 2: the answer.
• 6:19
  Speaker 4: So Just and I are very like that, yes with
• 6:22
  Speaker 4: each other, but not with our partners.
• 6:25
  Speaker 7: Yes, yes, And that's the thing is so like if
• 6:26
  Speaker 7: you have two women who are just naturally quite aware
• 6:30
  Speaker 7: of the people around them and considering, and it just
• 6:34
  Speaker 7: just so happens.
• 6:34
  Speaker 2: It's just like a very natural Orgaining straight is not
• 6:36
  Speaker 2: a choice. I'm going to stand by that, you know,
• 6:39
  Speaker 2: and not to say that some men are very the same,
• 6:42
  Speaker 2: but you know, luckily I am.
• 6:45
  Speaker 4: But that's why we need our girlfriends exactly, isn't it
• 6:48
  Speaker 4: just that's exactly why we need our girlfriends feel that
• 6:51
  Speaker 4: side of life, to talk about our books together, to
• 6:54
  Speaker 4: like talk about warm, fuzzy cozy slippers and do you
• 6:57
  Speaker 4: know what, I'm nourished.
• 6:58
  Speaker 2: It's fine.
• 6:58
  Speaker 4: I'm not actually complaining actually a little bit MBS.
• 7:01
  Speaker 7: That does remind me my best friend moved to Melbourne finally.
• 7:04
  Speaker 7: She was on the Peninsula and she's opening up a
• 7:06
  Speaker 7: gay bar in Futry North.
• 7:07
  Speaker 2: But exciting.
• 7:09
  Speaker 7: But it was very exciting. So that's kind of like
• 7:11
  Speaker 7: the only thing on my mind right now.
• 7:13
  Speaker 2: I'm just like yeah to the friends and of course, yeah.
• 7:17
  Speaker 7: Absolutely, it's a it's a safe space for well, I'm
• 7:20
  Speaker 7: sure she'll has she opened it. Yeah, girls again, yes, exactly,
• 7:24
  Speaker 7: exactly exactly when it does open, can we can we
• 7:28
  Speaker 7: go and can we take some friends?
• 7:30
  Speaker 2: Absolutely lives bar. Do we know what it's going to
• 7:33
  Speaker 2: be called? No? Nothing, we have no the update. You
• 7:38
  Speaker 2: have to keep this like, yeah, everything she plans it.
• 7:42
  Speaker 7: Of course I'll keep you guys posted. But yeah, the
• 7:43
  Speaker 7: name thing has really been stressed a lot of people out.
• 7:46
  Speaker 2: It's hard. It's hard. Business is hard.
• 7:49
  Speaker 7: Naming a bar is harder exactly, because you want to
• 7:52
  Speaker 7: be like classy but not too classy, and you want
• 7:54
  Speaker 7: it to be just one word easy. Yeah, something that
• 7:58
  Speaker 7: will look nice on Instagram, you know the esthetics I
• 8:01
  Speaker 7: already used. Sorry, oh silly, Yeah, okay, we'll go with Zella. Yeah,
• 8:04
  Speaker 7: that's okay, say less.
• 8:07
  Speaker 4: All right, Well, would you guys like another five star review?
• 8:11
  Speaker 2: Because I have one this week?
• 8:13
  Speaker 4: We are seen Beck and I recorded in an episode
• 8:16
  Speaker 4: the other day and at the end we said, could
• 8:19
  Speaker 4: you please leave more reviews because they obviously push out
• 8:22
  Speaker 4: algorithm and help new friends find us, which is working, guys,
• 8:26
  Speaker 4: it's working. We're getting some new friends. But then I
• 8:29
  Speaker 4: said you should also say really nice things about Beck,
• 8:31
  Speaker 4: and Beck said, oh I hate But so.
• 8:33
  Speaker 2: We have one and it's all about you. Are you ready?
• 8:36
  Speaker 6: So close?
• 8:37
  Speaker 4: Star review from somebody who used the name is actually
• 8:40
  Speaker 4: just numbers, so I'm not going to read.
• 8:42
  Speaker 2: That out perfect.
• 8:43
  Speaker 4: I love Beck, please, oh my god, never take Beck
• 8:45
  Speaker 4: off the show. She's so relatable and always says what
• 8:48
  Speaker 4: I'm thinking.
• 8:48
  Speaker 2: I love her. She's awesome.
• 8:50
  Speaker 7: Oh my god, that's the whole review by Oh my god,
• 8:57
  Speaker 7: it's so nice. I really do love this and if
• 9:00
  Speaker 7: I say that I don't.
• 9:01
  Speaker 5: I do.
• 9:02
  Speaker 2: I do get shy, but I really do love it.
• 9:05
  Speaker 5: Stop her your embodiment of you seen those videos going
• 9:08
  Speaker 5: around for it'll be like I'm so shy, and it'll
• 9:11
  Speaker 5: be someone doing something like crazy, like dancing on a
• 9:14
  Speaker 5: bar or whatever.
• 9:15
  Speaker 4: Yes, yeah, yep.
• 9:21
  Speaker 2: Karaoke first, that is really sweet. Thank you so much. One, two, three,
• 9:27
  Speaker 2: eight nine seven. I really that makes that very very sweet.
• 9:32
  Speaker 4: All right, Now moving into I guess the juice of
• 9:35
  Speaker 4: the show, Jessica Cheek, You're going to share our favorite
• 9:39
  Speaker 4: money wins.
• 9:39
  Speaker 2: What are they this week? Already? This week?
• 9:41
  Speaker 5: Firstly, I've got one from Christine who said she's paid
• 9:44
  Speaker 5: her car loan off this week. Old heir would have
• 9:47
  Speaker 5: used this as an excuse to upgrade and just take
• 9:49
  Speaker 5: out another car loan, but educated her knows that her
• 9:52
  Speaker 5: Toyota Corolla is going to last her forever and now
• 9:55
  Speaker 5: she's got one hundred dollars a week to put towards
• 9:57
  Speaker 5: paying off her credit card debt.
• 9:58
  Speaker 2: Instead that it's the mindset shift.
• 10:01
  Speaker 4: Yes, your whole mindset is shifting, and like that feels good,
• 10:06
  Speaker 4: and especially when you're able to identify it, like sometimes
• 10:09
  Speaker 4: you don't see that your mindset is changing, but she's
• 10:11
  Speaker 4: seen it.
• 10:12
  Speaker 2: Well done, Queen.
• 10:14
  Speaker 5: Next, I've got a money win from Brianna, who said,
• 10:16
  Speaker 5: money win. I've been away for twenty five days on
• 10:19
  Speaker 5: holiday and during that time I had my roundups turned
• 10:22
  Speaker 5: on my bank account. Totally forgot that she'd done it.
• 10:24
  Speaker 5: All of the spending that they did while they were
• 10:26
  Speaker 5: away on holidays left her with an additional five hundred
• 10:29
  Speaker 5: and twenty dollars in her bank accounts.
• 10:30
  Speaker 2: Oh my goodness, it's cool. Also, how much spending were
• 10:34
  Speaker 2: you doing? No judge? She turned on like a higher
• 10:37
  Speaker 2: like yeah, five dog judgment.
• 10:39
  Speaker 4: Truly, I'm just like, ooh girl, like I have, like,
• 10:42
  Speaker 4: I think, fifty cents.
• 10:44
  Speaker 5: A way to make it work for you. Next, I've
• 10:46
  Speaker 5: got a money win from Olivia, who said, with Mother's
• 10:48
  Speaker 5: Day coming up, my mom sent me a Pinterest post
• 10:50
  Speaker 5: of some crochet potholders that she loved. Luckily for me,
• 10:54
  Speaker 5: I already had a stash of crochet cotton in her
• 10:56
  Speaker 5: favorite colors and the skills to match, so I whipped
• 10:59
  Speaker 5: up a set of three for her the handmaid. They're personal,
• 11:02
  Speaker 5: and best of all, they didn't cost me a cent.
• 11:04
  Speaker 5: I love that's handmade gifts. I feel so fantastic.
• 11:09
  Speaker 4: Yes, we would like to put in an order for
• 11:11
  Speaker 4: more of those Jess Biscuits.
• 11:15
  Speaker 2: Cookies. And they were very very good.
• 11:18
  Speaker 4: And this was what like two months ago at this point,
• 11:21
  Speaker 4: and we still haven't.
• 11:22
  Speaker 7: Stopped talking honestly anything. A lot of animal like feelthy.
• 11:28
  Speaker 7: I just hinke bye, and then I'm like, I like,
• 11:30
  Speaker 7: you know, you get that food noise, and then my
• 11:32
  Speaker 7: mouth orders and then I just it's.
• 11:37
  Speaker 2: Yeah, by do you guys like them? I'll definitely make you.
• 11:39
  Speaker 2: But the crotch I think incredible.
• 11:41
  Speaker 5: Amazing, very well done, Olivia. And then last of this week,
• 11:44
  Speaker 5: I've got money in from Angie, who said she saved
• 11:46
  Speaker 5: up for a ticket to see a theater production of
• 11:49
  Speaker 5: her favorite book at q Pak. She booked a bougie
• 11:51
  Speaker 5: hotel for the night so she have to drive home
• 11:53
  Speaker 5: from the city. It took her month to save up,
• 11:56
  Speaker 5: but she said she's so excited to be a queen
• 11:58
  Speaker 5: for a knight.
• 11:58
  Speaker 2: That is actually just sweep.
• 12:00
  Speaker 4: There is nothing like making an event out of like
• 12:04
  Speaker 4: one thing. If you're going to go go all out,
• 12:07
  Speaker 4: you know, because it's going to become a core memory.
• 12:09
  Speaker 5: And I think the theater is such a. I don't
• 12:11
  Speaker 5: know what it is about's extra fancy seeing a player
• 12:14
  Speaker 5: a musical. I go out and I'm like, oh, this
• 12:17
  Speaker 5: is like a night on the town.
• 12:18
  Speaker 2: Yeah right, I feel right.
• 12:20
  Speaker 4: Even if you just get dumplings beforehand or something, or
• 12:23
  Speaker 4: you're just like scoffing amusedly bar in your hotel room, Like,
• 12:26
  Speaker 4: it just feels good.
• 12:27
  Speaker 5: It's fun to romanticide life and and you spends like
• 12:31
  Speaker 5: five more minutes on your hair and makeup feel nice
• 12:33
  Speaker 5: as well. Absolutely for saving up and for something you want,
• 12:36
  Speaker 5: Like it's okay to spend on things.
• 12:38
  Speaker 2: One hundred percent. It is. It's about the journey, not
• 12:40
  Speaker 2: just the destination. Totally. That's it for me.
• 12:43
  Speaker 4: This week Gorgeous Love Miss Beech sayed, what have you
• 12:46
  Speaker 4: got when it comes to broke tips?
• 12:48
  Speaker 7: Yes, so okay. As usual, have two from the community
• 12:52
  Speaker 7: and one of my own. So this first one comes
• 12:56
  Speaker 7: from Lil. I think this is so clever, and I
• 12:58
  Speaker 7: mean I don't I don't just like small businesses, but
• 13:01
  Speaker 7: like maybe like bigger companies where it like doesn't really
• 13:03
  Speaker 7: matter at all. This is what Lil says. This is
• 13:06
  Speaker 7: super Povo, but f shipping prices, I'll spend over the
• 13:09
  Speaker 7: minimum to get free postage, then return the unwanted items
• 13:13
  Speaker 7: if you want to. If it's easy for you, you pay
• 13:14
  Speaker 7: with after pay. It doesn't cost too much upfront, and
• 13:17
  Speaker 7: then when it's refunded, it kind of comes off after
• 13:20
  Speaker 7: pay as well. So I think if you have the
• 13:23
  Speaker 7: money to do that, and if it's not, because it's
• 13:26
  Speaker 7: like sometimes like early nine.
• 13:27
  Speaker 2: Dollars you have to return it to you do have
• 13:30
  Speaker 2: to return it.
• 13:31
  Speaker 7: But often like if it's like you know aceos or
• 13:33
  Speaker 7: something that's double check.
• 13:34
  Speaker 2: They do free returns.
• 13:35
  Speaker 7: Yeah, yeah, double check they do free that's actually a
• 13:38
  Speaker 7: good idea. Double check they do free returns because otherwise
• 13:40
  Speaker 7: you're like, oh, good paying h In some places, I'll just.
• 13:43
  Speaker 2: Take it out of like your refund amount.
• 13:45
  Speaker 4: Yeah, totally, just I really wish and I know that
• 13:48
  Speaker 4: this is like still paying for it, but just like
• 13:50
  Speaker 4: build shipping into the price, Like, yeah, so it's a
• 13:54
  Speaker 4: ten dollar item and you're charging me fifteen, but I
• 13:57
  Speaker 4: get free shipping.
• 13:58
  Speaker 2: I feel like I've won. You've won.
• 14:00
  Speaker 4: Everyone's paying for their postage. I'm not trying to find
• 14:03
  Speaker 4: a sneaky way around it, exactly, just gas like me.
• 14:10
  Speaker 2: This next one comes from Megan or Meghan, how.
• 14:15
  Speaker 4: Well, it depends because like different people might well exactly right,
• 14:18
  Speaker 4: different exactly right annunciations.
• 14:21
  Speaker 7: Meghan says, sign up for free pet food samples on
• 14:24
  Speaker 7: company websites. Example, Prime one hundred equals free pet food
• 14:29
  Speaker 7: Prime one hundred, Prime one hundred, Yes, good one. If
• 14:34
  Speaker 7: you can get free samples from them, cool, it's really
• 14:37
  Speaker 7: really cool.
• 14:39
  Speaker 8: Loves.
• 14:39
  Speaker 4: So I would say, you don't even need a sample
• 14:41
  Speaker 4: because I have the world's fussiest dog, but like, go
• 14:45
  Speaker 4: get that because that's not cheap, Like Prime one hundred
• 14:48
  Speaker 4: is not like some pedigree stuff that you can get supermarket,
• 14:51
  Speaker 4: like it's the stuff that you can only get at
• 14:53
  Speaker 4: the pet shop.
• 14:54
  Speaker 2: And it's annoying because it's like.
• 14:55
  Speaker 4: Good for them, but like good for them usually equals
• 14:58
  Speaker 4: more expensive, and then your dog falls in love with
• 15:01
  Speaker 4: it and you're trapped in a cycle of purchasing only.
• 15:03
  Speaker 2: That I don't even know cricket samples and stuff like that.
• 15:06
  Speaker 4: That's so it's nice until now you can also do
• 15:09
  Speaker 4: that with and I notice because you know, I'm a
• 15:11
  Speaker 4: gim Bro, so you like supplement new jim Bro samples
• 15:14
  Speaker 4: and stuff like that, you can get them from certain website.
• 15:16
  Speaker 2: You're too nice to be a gym bro. That is
• 15:18
  Speaker 2: really nice. Don't give vibes.
• 15:20
  Speaker 4: I'm so sorry. I'm so fine actually not allowing you
• 15:23
  Speaker 4: to identify as that.
• 15:24
  Speaker 2: That's so fair.
• 15:25
  Speaker 7: It probably also is the lack of definition and muscle tone.
• 15:32
  Speaker 2: You are looking buff. And also, thank you, maybe you're
• 15:36
  Speaker 2: just keeping your muscles.
• 15:37
  Speaker 5: Warm exactly him in an extra a little bit of
• 15:41
  Speaker 5: up exactly we're going into.
• 15:44
  Speaker 2: You're strong as hell. That's the sexy part. That's really nice.
• 15:46
  Speaker 2: Thank you so much. Oh my god, you guys. I
• 15:49
  Speaker 2: feel so happy.
• 15:50
  Speaker 4: I'm calling her girlfriend Jess to let her know that
• 15:52
  Speaker 4: I'm not, in fact hitting on.
• 15:53
  Speaker 2: Beck stating the truth. That's all. That's so sweet.
• 15:58
  Speaker 7: Well, thank you so much, and I hope you think
• 16:01
  Speaker 7: this is hotter what I'm about. Okay, Yeah, I changed
• 16:05
  Speaker 7: my brake pads over the weekend just because like that
• 16:07
  Speaker 7: was like something I was going to do anyway.
• 16:09
  Speaker 2: But then I like googled because I was curious.
• 16:11
  Speaker 7: To know how much pads and it's like, yes.
• 16:16
  Speaker 2: Something like you could change your own break path.
• 16:19
  Speaker 7: And I tell you what, it is exceptionally easy. It
• 16:23
  Speaker 7: depends what car you have, I think, but I just
• 16:24
  Speaker 7: have like a little toyot Echo, So it's very easy
• 16:26
  Speaker 7: for me. It's it's if you know how to change higher,
• 16:28
  Speaker 7: you have immediate access to your brake pads.
• 16:30
  Speaker 2: It is while you're there, you may as well just
• 16:32
  Speaker 2: do it. You know what I mean, You may as.
• 16:35
  Speaker 4: Well do it about changing if you if you like.
• 16:39
  Speaker 7: The annoying is when you watch like YouTube tutorials and stuff,
• 16:42
  Speaker 7: they don't often give you like they'll just throw out
• 16:44
  Speaker 7: words and you don't know what they need.
• 16:46
  Speaker 4: They do that in the finance community, yes exactly, Car Bros,
• 16:49
  Speaker 4: Jim Brows Crazy Investing.
• 16:53
  Speaker 7: Yes, So if you are watching a video and you're like,
• 16:57
  Speaker 7: I can physically see what they're doing, but they're using
• 16:59
  Speaker 7: a term that I don't understand, message me and I'll
• 17:01
  Speaker 7: run you through everything. But also the sorry, the main
• 17:04
  Speaker 7: point of that was that the break pads cost me
• 17:06
  Speaker 7: that just like it was four pads, it was like
• 17:08
  Speaker 7: two for each front. Oh yeah, okay breaks and that
• 17:13
  Speaker 7: was six nonsense.
• 17:16
  Speaker 2: I'm so just a super cheap order. Do you wander
• 17:18
  Speaker 2: sixty two dollars?
• 17:19
  Speaker 7: Really, but at the mechanic it could be like two fifty,
• 17:21
  Speaker 7: three hundred hundred exactly. So my broke tip is, let
• 17:25
  Speaker 7: me know, and I'll tell you everything and then we
• 17:29
  Speaker 7: can do this.
• 17:30
  Speaker 2: We're gonna learn together. We'll learn together. I'm obsessed with
• 17:33
  Speaker 2: this and that's me for this week. I love that.
• 17:36
  Speaker 4: All right, let's go to a really quick break because
• 17:38
  Speaker 4: on the flip side, it's gonna get juicy. Guys, we
• 17:40
  Speaker 4: are asking about whether you should be choosing between adding
• 17:44
  Speaker 4: extra to your super or saving for a home. And
• 17:47
  Speaker 4: then something that we've got no idea how Jess feels about,
• 17:51
  Speaker 4: is whether you should still give a wedding gift if
• 17:53
  Speaker 4: you've already spent more than next thousand dollars on being
• 17:55
  Speaker 4: in the bridal party.
• 17:56
  Speaker 2: So don't go anywhere.
• 18:02
  Speaker 5: Welcome back, everybody. Let's take a listen to this week's
• 18:05
  Speaker 5: money dilemma.
• 18:08
  Speaker 4: Hi, there, have you got a money dilemma you just
• 18:10
  Speaker 4: can't solve? The Sheese on the Money team is here
• 18:12
  Speaker 4: to help. Every week, we tackle your dilemmas, both big
• 18:16
  Speaker 4: and small, to answer your most burning money, career and
• 18:19
  Speaker 4: life questions. To get involved, simply head to our website
• 18:22
  Speaker 4: and leave us a short voice recording and you might
• 18:24
  Speaker 4: just find yourself on the show. Now, let's take a
• 18:27
  Speaker 4: listen to this week's money dilemma.
• 18:31
  Speaker 9: Hi guys, my question is around whether it is better
• 18:35
  Speaker 9: to salary sacrifice into SUPER or put that money towards
• 18:40
  Speaker 9: a home deposit. At the moment, I'm in a position
• 18:44
  Speaker 9: within my career where I earn enough to comfortably afford
• 18:47
  Speaker 9: to salary sacrifice into my SUPER and max it out
• 18:51
  Speaker 9: every year. At the same time, I'm currently saving for
• 18:54
  Speaker 9: a home deposit, and if I don't salary sacrifice into
• 18:59
  Speaker 9: my SUPER, expect to have decent to pose it together
• 19:03
  Speaker 9: within a year and could borrow a decent amount for
• 19:08
  Speaker 9: decent enough property. So my question is would it be
• 19:12
  Speaker 9: better in the long run to max out SUPER knowing
• 19:15
  Speaker 9: that it could potentially affect my borrowing power and delay
• 19:19
  Speaker 9: my savings goal, or wait until I have purchased a
• 19:23
  Speaker 9: property and then salary sacrifice into my SUPER. Thank you.
• 19:27
  Speaker 4: I have questions about where this information is coming from,
• 19:31
  Speaker 4: because if you're saying that that would decrease your borrowing
• 19:35
  Speaker 4: power to have more of an asset, I would politely disagree.
• 19:42
  Speaker 7: Maybe it's like the taxable income is lower if you
• 19:46
  Speaker 7: cancellary sacrifice is before tax. Maybe that's what they mean,
• 19:50
  Speaker 7: Like it looks like their taxtable income is lower.
• 19:52
  Speaker 2: I don't know if that makes sense. Doth sense? That
• 19:53
  Speaker 2: just makes sense?
• 19:54
  Speaker 4: Okay? Well, interestingly enough, you're saying, and like, let's just
• 19:59
  Speaker 4: say that you and I have had a chat. I
• 20:01
  Speaker 4: need to make some assumptions to have this conversation very cleanly.
• 20:04
  Speaker 4: So I sat down and this person is basically Jessic Artici.
• 20:08
  Speaker 4: She wants to buy a house, doesn't matter, like that's
• 20:11
  Speaker 4: just the goal, right. So we know you want to
• 20:13
  Speaker 4: purchase a home, and you're saying, should I be doing
• 20:15
  Speaker 4: salary sacrificing into Super? The question I have for you
• 20:20
  Speaker 4: is are you aware of the First Home Super Savior scheme?
• 20:23
  Speaker 2: Yeah?
• 20:23
  Speaker 4: It is a mouthful but a very cool program which
• 20:26
  Speaker 4: means you can salary sacrifice into Super and then pull
• 20:29
  Speaker 4: your money out after for your home deposit. And to me,
• 20:32
  Speaker 4: it is a no brainer that you would put your
• 20:35
  Speaker 4: money into a First Home Super Savior scheme to essentially
• 20:38
  Speaker 4: get more of a deposit so that when it comes
• 20:41
  Speaker 4: time to buy, like, you're ahead of the game. So,
• 20:44
  Speaker 4: if I make an assumption that you are on what
• 20:48
  Speaker 4: is known as the most popular marginal tax rate, which
• 20:51
  Speaker 4: in Australia at the moment is thirty percent, if you contributed. So, like,
• 20:56
  Speaker 4: let's say that you contributed the max amount, So you're
• 20:58
  Speaker 4: saying that you are contributed the max amount to Super already,
• 21:02
  Speaker 4: like as in, you can cap it out because you've
• 21:04
  Speaker 4: got cash flow, which is very sexy. The highest amount
• 21:07
  Speaker 4: that you can contribute on an annual basis to the
• 21:09
  Speaker 4: first Home Super Savior scheme SORR, it's mouthful, and I've
• 21:12
  Speaker 4: just got a lot to get out is fifteen thousand
• 21:14
  Speaker 4: dollars a year annually. You can do that up to
• 21:17
  Speaker 4: five years in a row, which means you could cap
• 21:20
  Speaker 4: it out. But like, let's say that you do that
• 21:22
  Speaker 4: over three years, so that means that over five years
• 21:27
  Speaker 4: you could essentially contribute up to fifty thousand dollars, which
• 21:30
  Speaker 4: is the cap of that scheme. So let's pretend that
• 21:35
  Speaker 4: you earn one hundred thousand dollars, because you've told me
• 21:37
  Speaker 4: that you have free cash flow, so I'm assuming you
• 21:40
  Speaker 4: aren't on like fifty thousand, because like that would be tight.
• 21:43
  Speaker 4: So let's say that your salary sacrifice contribution so is
• 21:47
  Speaker 4: taxed at fifteen percent inside the superannuation environment. So ten
• 21:52
  Speaker 4: thousand dollars times fifteen percent is fifteen hundred dollars tax
• 21:56
  Speaker 4: per year, and then your net contribution would be ten
• 22:00
  Speaker 4: thousand minus fifteen hundred dollars, which is the tax that
• 22:04
  Speaker 4: they cut off the top when it goes in is
• 22:05
  Speaker 4: eight and a half thousand dollars. But if you did
• 22:08
  Speaker 4: that inside your savings account, that tax would actually be
• 22:11
  Speaker 4: double because your marginal tax rate is thirty percent, so
• 22:15
  Speaker 4: therefore it's three thousand dollars instead of fifteen hundred dollars,
• 22:19
  Speaker 4: so you're able to contribute less. Right, So then if
• 22:22
  Speaker 4: you'd saved annually like ten thousand dollars outside of super
• 22:26
  Speaker 4: you'd actually be left with seven grand each year instead
• 22:30
  Speaker 4: of eight and a half. So you're going to get
• 22:32
  Speaker 4: well bang for your buck by putting it into the
• 22:34
  Speaker 4: First Home Super Savior scheme. And over five years, seven
• 22:39
  Speaker 4: thousand dollars times five is thirty five thousand dollars, which
• 22:43
  Speaker 4: is actually seven and a half thousand dollars less than
• 22:46
  Speaker 4: if you'd use the First Home Super Savior scheme. And
• 22:48
  Speaker 4: I'm pretty sure that if I asked any person purchasing
• 22:52
  Speaker 4: their first time Jess jessic Ricci, would you like seven
• 22:56
  Speaker 4: and a half thousand dollars of free money by following
• 23:00
  Speaker 4: scheme while saving for your first home, say less like
• 23:03
  Speaker 4: it is a smart scheme that puts you in the
• 23:06
  Speaker 4: right position. I would actually be also speaking to a
• 23:09
  Speaker 4: mortgage broker because it sounds like you have really high
• 23:11
  Speaker 4: cash flow. You're conflicted about whether you should be adding
• 23:14
  Speaker 4: more superannuation or you should be saving for your first home.
• 23:18
  Speaker 4: Get a plan like go speak to a broker, work
• 23:21
  Speaker 4: out what your borrowing capacity is, what type of deposit
• 23:24
  Speaker 4: you actually need, and all of that, because then once
• 23:28
  Speaker 4: your mortgage broker says okay, well again, I'm going to
• 23:31
  Speaker 4: use Jessica as an example, because I can't give personal advice,
• 23:36
  Speaker 4: just sits.
• 23:36
  Speaker 2: Down and says okay cool.
• 23:37
  Speaker 4: Like I've worked out that, you know, this amount of
• 23:39
  Speaker 4: money needs to go to my house deposit each month,
• 23:41
  Speaker 4: but I actually have one hundred dollars extra now to
• 23:44
  Speaker 4: quote play with, and I could decide that that goes
• 23:46
  Speaker 4: into my house deposit or it could go into SUPER.
• 23:49
  Speaker 4: You can choose whether you want to put it into
• 23:51
  Speaker 4: your house deposit to get into the property mark quicker,
• 23:54
  Speaker 4: or you could put it into SUPER knowing that it
• 23:57
  Speaker 4: doesn't impact your ability to get into your dream home.
• 24:00
  Speaker 2: Does that make sense? Yeah, jess what are your plans?
• 24:03
  Speaker 2: So I did I have used that scheme, I've capped
• 24:05
  Speaker 2: it out.
• 24:05
  Speaker 1: Ah.
• 24:06
  Speaker 2: I think it's a great one. Yes, somebody who suggested
• 24:08
  Speaker 2: that that you're so smart, so clever.
• 24:11
  Speaker 5: I believe that if you were salary sacrificing the cap
• 24:15
  Speaker 5: without the intention of using the scheme, because you can
• 24:17
  Speaker 5: also do that without salary sacrificing. You can make post
• 24:20
  Speaker 5: tax contributions as well. But I believe if you were
• 24:23
  Speaker 5: just salary sacrificing into SUPER without using this scheme, the
• 24:27
  Speaker 5: amount you can contribute is higher, So the amount you
• 24:29
  Speaker 5: could potentially reduce your.
• 24:31
  Speaker 2: Taxable income by is higher.
• 24:33
  Speaker 5: So it also depends, I guess, on what your goals
• 24:36
  Speaker 5: are specifically, because as you said, for me, it's all
• 24:38
  Speaker 5: about the house deposit, Like that's where my priority is,
• 24:41
  Speaker 5: Like all of my spare money is pretty much going
• 24:43
  Speaker 5: into that deposit, Like that's where all my funds are
• 24:45
  Speaker 5: being funneled. But I do understand that there are in
• 24:48
  Speaker 5: addition to the tax benefits, there's the compounding benefits as
• 24:52
  Speaker 5: well within Super, but you can also invest outside of
• 24:55
  Speaker 5: SUPER as well. That's also an option if you want
• 24:57
  Speaker 5: to take advantage of that. My personal take on it
• 25:00
  Speaker 5: is a year is not that long of a time.
• 25:03
  Speaker 4: If you're saying no, you can kind of use fifteen
• 25:06
  Speaker 4: thousand dollars worth of the first Home super Savior scheme
• 25:09
  Speaker 4: as well. Yes, or if you're smart, sorry to jump
• 25:11
  Speaker 4: in here. Finance May. Yeah, yeah, it's May, and it
• 25:15
  Speaker 4: is yeah exactly. It is the financial year. So if
• 25:18
  Speaker 4: it's May, you could put fifteen thousand dollars in today
• 25:21
  Speaker 4: and then come July the first you could put another
• 25:23
  Speaker 4: fifteen thousand dollars in, thus making it in a calendar
• 25:27
  Speaker 4: year thirty thousand dollars. But in each financial year you've
• 25:30
  Speaker 4: only done fifteen thousand.
• 25:31
  Speaker 5: Yes, totally, So I think, like to me, a year
• 25:34
  Speaker 5: is not that long to pursue one goal really strongly.
• 25:38
  Speaker 5: If you want to get into the house, you said
• 25:39
  Speaker 5: you could have your deposit within a year.
• 25:41
  Speaker 2: That's crazy and also really cool, really impressive.
• 25:44
  Speaker 5: My inclination would probably be to pursue that, utilizing the
• 25:47
  Speaker 5: scheme knowing that I'm getting the you know, some tax benefits,
• 25:51
  Speaker 5: but you also have to be aware that you know
• 25:53
  Speaker 5: that money is impacted within the super in the same
• 25:55
  Speaker 5: way that the share market is. So we've seen a
• 25:57
  Speaker 5: lot of volatility you know, recently with all the stuff
• 26:00
  Speaker 5: going on in.
• 26:00
  Speaker 2: The US wild also something I guess to keep in
• 26:04
  Speaker 2: mind as.
• 26:04
  Speaker 4: Well, totally, And I feel like that's I guess it's
• 26:09
  Speaker 4: so hard to say, Okay, well you should do this
• 26:11
  Speaker 4: or this my best advice. Honestly, go talk to a
• 26:14
  Speaker 4: mortgage broker. If you're buying within the next year. They
• 26:18
  Speaker 4: want to talk to you now anyway. They want to
• 26:20
  Speaker 4: prep you, make sure that you're using the First Home
• 26:22
  Speaker 4: Super Savor scheme. They want to make sure that if
• 26:24
  Speaker 4: there are any grants or schemes that we can apply for,
• 26:26
  Speaker 4: we're getting you in the door on that asap. Because
• 26:29
  Speaker 4: some grants and some schemes are capped, so they only have,
• 26:33
  Speaker 4: like you know, a couple of thousand people able to
• 26:35
  Speaker 4: use them. Therefore, I want to get your name on
• 26:37
  Speaker 4: that list asap. Like twelve months is not that long
• 26:41
  Speaker 4: of a period of time, So like, start having those
• 26:44
  Speaker 4: conversations now, because they're going to give you a cash flow.
• 26:47
  Speaker 4: They're going to help you be in the best possible position.
• 26:50
  Speaker 4: Any other additional thoughts before we talk about wedding drummer, No,
• 26:53
  Speaker 4: I was just going to say, why not both It
• 26:55
  Speaker 4: seems like this book can lost us like this money
• 26:58
  Speaker 4: coming in, does it have to be or the other?
• 27:00
  Speaker 2: You know what I mean? I wonder if they can.
• 27:01
  Speaker 5: Split a little goal out. That's a good point, Like
• 27:03
  Speaker 5: you could take taking a year to save your house.
• 27:05
  Speaker 5: To us, it take two years maybe, and yeah, double
• 27:08
  Speaker 5: dip that's what I'm thinking. It doesn't have to be
• 27:10
  Speaker 5: because Super is very hard to can be very hard
• 27:12
  Speaker 5: to access even if you have, like you know this
• 27:14
  Speaker 5: for some Super saber scheme thing going on. I had
• 27:18
  Speaker 5: worked in Super before, and I just know it's like
• 27:19
  Speaker 5: so much paperwork. So it's like if you split it
• 27:22
  Speaker 5: right down the middle, then you have access freely to one.
• 27:26
  Speaker 2: And also the other. But just without fair question, you
• 27:30
  Speaker 2: would you like would you like some juicy wedding gossip? Yes? Please?
• 27:34
  Speaker 4: Okay, So the DM we got this week is giving
• 27:37
  Speaker 4: all right, Hey, she's.
• 27:38
  Speaker 2: On the money. I need the community's opinion on this.
• 27:41
  Speaker 4: So my husband's in the groom's party for his mate's wedding,
• 27:44
  Speaker 4: and it's already cost us so much like the suit
• 27:49
  Speaker 4: Bucks night travel accommodation, not to mention all the time
• 27:52
  Speaker 4: we've given with organizing and running around. Now the wedding's
• 27:55
  Speaker 4: finally here, and he wants us to give to them
• 27:57
  Speaker 4: a gift too, And I'm like, didn't we already give
• 28:00
  Speaker 4: them enough? I know giving a present is the thing
• 28:03
  Speaker 4: people do, but we've spent more than a thousand dollars
• 28:06
  Speaker 4: already just for him to be a part of the wedding.
• 28:08
  Speaker 4: I don't think we should have to give anything else.
• 28:11
  Speaker 4: He reckons it's really rude not to, But like, do
• 28:14
  Speaker 4: people actually give a wedding gift after spending so much
• 28:17
  Speaker 4: money already? Or am I just being tight?
• 28:19
  Speaker 2: What would you do? Mm?
• 28:22
  Speaker 7: I don't think a gift is necessary, but I also
• 28:25
  Speaker 7: have I'm very lucky to have friends that are not
• 28:27
  Speaker 7: super traditional. So I guess if I was going to
• 28:30
  Speaker 7: a more traditional wedding and I wasn't like super good
• 28:32
  Speaker 7: friends with these people. It sounds like they are good
• 28:35
  Speaker 7: friends because they're in the bridle and groom party, But yeah,
• 28:37
  Speaker 7: I just couldn't. I just wouldn't, Like, I don't even
• 28:39
  Speaker 7: some people don't have that much money to spend anyway,
• 28:42
  Speaker 7: Like if you're invited into like a bridal party or
• 28:45
  Speaker 7: insanity can be very anxiety inducing being like, oh my god,
• 28:49
  Speaker 7: now I've got to spend all this money that I
• 28:51
  Speaker 7: it just was not.
• 28:52
  Speaker 2: In my future. It was not in my plan.
• 28:54
  Speaker 7: You have maybe you have every single thing lined up,
• 28:56
  Speaker 7: and any kind of like hump in the road or whatever,
• 29:00
  Speaker 7: like you're just not prepared for that. And then as
• 29:03
  Speaker 7: soon as a friend of yours is like would you
• 29:05
  Speaker 7: be my maid of honor or my groomsman.
• 29:08
  Speaker 2: Or something, and like it can be very anxiety inducing.
• 29:11
  Speaker 7: You might just literally physically not have the money to
• 29:14
  Speaker 7: even be part of that, but so you are, and
• 29:16
  Speaker 7: you do spend.
• 29:17
  Speaker 2: All this money.
• 29:18
  Speaker 7: I don't think a gift is necessary. I don't think
• 29:20
  Speaker 7: a gift is ever necessary, even if you're not in
• 29:23
  Speaker 7: the bridle or groom party. Just do whatever you can afford. Like,
• 29:26
  Speaker 7: if you go and you literally can, all you can
• 29:28
  Speaker 7: afford is a card, Just do that.
• 29:29
  Speaker 4: I think a card is really nice, right, I just
• 29:32
  Speaker 4: don't think you're putting wishing well, even just putting a
• 29:35
  Speaker 4: card in with like your thoughts, don't like write to
• 29:38
  Speaker 4: Victoria from back, like that doesn't mean all that much,
• 29:41
  Speaker 4: but like put some nice thoughts.
• 29:42
  Speaker 2: I would much prefer that thing. Same.
• 29:45
  Speaker 7: Yeah, absolutely, I don't think we should be forcing This
• 29:48
  Speaker 7: isn't even just like suggesting.
• 29:50
  Speaker 2: It's like weddings. Wild weddings are insane.
• 29:53
  Speaker 7: Yeah, it's almost you're almost forcing your friends to spend
• 29:56
  Speaker 7: money that they might literally not have. Like sometimes they
• 29:59
  Speaker 7: have twelve dollars to my name in total, And if
• 30:01
  Speaker 7: I had a wedding to go do that same weekend,
• 30:03
  Speaker 7: I would just be screwed.
• 30:05
  Speaker 2: There's no money there. What can I do?
• 30:06
  Speaker 7: You know, you either get alone, you go into dead
• 30:08
  Speaker 7: what do you do? You just should not be putting
• 30:10
  Speaker 7: that pressure on people. Absolutely, you don't have to bring
• 30:12
  Speaker 7: back I also don't know, you don't know.
• 30:14
  Speaker 2: I don't think a gift is necessary in no way, Jess,
• 30:18
  Speaker 2: what are you doing?
• 30:18
  Speaker 8: Oh?
• 30:18
  Speaker 5: I completely agree when you said I don't think a
• 30:21
  Speaker 5: gift is necessary.
• 30:22
  Speaker 2: Ever, I feel like that's such a true statement. And
• 30:24
  Speaker 2: I know that you're having a wedding to get gifts. Yeah,
• 30:27
  Speaker 2: And I know.
• 30:28
  Speaker 5: That there's cultural standards, yes, you know you have to
• 30:31
  Speaker 5: consider as well and things like that. But I think
• 30:34
  Speaker 5: particularly the expectation now in pre wedding activities, you know,
• 30:39
  Speaker 5: the bridle shower, the hens, the bucks, like, there's so
• 30:43
  Speaker 5: many things, so many opportunities, like it can be quite
• 30:47
  Speaker 5: hard to participate in all of them. I love when
• 30:50
  Speaker 5: people say, your presence is the present. Like, to me,
• 30:53
  Speaker 5: a wedding is about celebrating two people's life gifts. Nope,
• 30:59
  Speaker 5: there's no little ASTs. Get the It's just two people
• 31:02
  Speaker 5: coming together. Well on whatever scale that is, whether it's
• 31:05
  Speaker 5: a courthouse wedding and you meet friends for a picnic
• 31:07
  Speaker 5: in the garden afterwards, whether you have a wedding with
• 31:09
  Speaker 5: a one hundred people there or two.
• 31:11
  Speaker 4: Hundred point is it's about two people falling in love
• 31:14
  Speaker 4: and solidifying that.
• 31:15
  Speaker 5: Yeah, And I understand that we want to celebrate that.
• 31:18
  Speaker 5: And for those of us gift, a lot of your
• 31:20
  Speaker 5: gifting is our love language. And I totally get that perspective,
• 31:23
  Speaker 5: but I think we need to step away a little
• 31:25
  Speaker 5: bit from the expectation that it's about.
• 31:28
  Speaker 2: Anything more than just love. It's the two.
• 31:31
  Speaker 5: People coming together to celebrate and be like, we're in love.
• 31:34
  Speaker 5: We want you to share that love. In my mind,
• 31:36
  Speaker 5: that's where the expectation should end. And I know that
• 31:40
  Speaker 5: there's like the standard of you know, you cover your
• 31:42
  Speaker 5: siegs or blah blahlah blah. I don't love that.
• 31:46
  Speaker 2: I've had friends, they've had wishing wells.
• 31:48
  Speaker 5: Of course we've contributed, but I don't love it because
• 31:51
  Speaker 5: it does feel it.
• 31:55
  Speaker 4: I think the important thing to caveat here is I
• 31:57
  Speaker 4: know that there are a lot of cultural differenceferences as well.
• 32:01
  Speaker 4: Like right now we are talking assuming that this person
• 32:05
  Speaker 4: doesn't have any of those cultural overlays of like, oh no,
• 32:09
  Speaker 4: there is the expectation that you'd givet cash or you'd
• 32:12
  Speaker 4: do this or that, because I'm assuming they would have
• 32:14
  Speaker 4: disclosed that to us in the letter in right, So
• 32:18
  Speaker 4: I'm just assuming that this is a very standard way
• 32:22
  Speaker 4: of doing things, and when it comes to the cultural
• 32:25
  Speaker 4: side of things, hop off, like, I think that is fantastic,
• 32:28
  Speaker 4: And you, guys, honor a wedding in the way that
• 32:31
  Speaker 4: makes sense to you. We're just talking about it, and
• 32:33
  Speaker 4: I would say the most Western way, like is that
• 32:38
  Speaker 4: fair to say, because I don't want people going, oh well,
• 32:40
  Speaker 4: it's actually good luck for us to gift money or
• 32:43
  Speaker 4: actually that's a part of our culture and you have
• 32:46
  Speaker 4: to do a gift otherwise it's xyz Like totally, that's
• 32:50
  Speaker 4: a different conversation I think than a bride being like
• 32:55
  Speaker 4: I expect a wedding gift. If you're coming to my
• 32:58
  Speaker 4: wedding after spending one thousand dollars, be there we see.
• 33:01
  Speaker 5: And even the expectation that you've had to spend thousand
• 33:03
  Speaker 5: dollars ahead of time, I think is pretty crazy.
• 33:06
  Speaker 2: It's a huge.
• 33:07
  Speaker 5: Expectation to put on someone. I know that there have
• 33:10
  Speaker 5: been many yeo and friends of mine have got married
• 33:11
  Speaker 5: that if that was the expectation on me, like I
• 33:13
  Speaker 5: wouldn't have been able to particip No.
• 33:15
  Speaker 4: Yeah, absolutely, And like, I'm going to be really spicy
• 33:18
  Speaker 4: here because I've always been like, oh, it's your wedding,
• 33:20
  Speaker 4: it's your values. Like I have had a wedding, and
• 33:23
  Speaker 4: I am a firm believer that your bridal party should
• 33:26
  Speaker 4: never pay a cent to be your barridor party. They
• 33:29
  Speaker 4: are there to support you. If you want them wearing
• 33:31
  Speaker 4: a particular dress, you buy it. You want them to
• 33:34
  Speaker 4: be wearing a particular pair of shoes, that is on you,
• 33:37
  Speaker 4: as the bride and groom, to purchase it. And if
• 33:40
  Speaker 4: like this is going to sound real spicy, and I
• 33:42
  Speaker 4: don't even mind. If you cannot afford to clothe and
• 33:46
  Speaker 4: pay for all of the expenses of your bridal party,
• 33:48
  Speaker 4: you cannot afford to have a bridal party, full stop,
• 33:51
  Speaker 4: end of story. I find it insane to think that
• 33:54
  Speaker 4: I might turn around to Jess and be like, Jess,
• 33:55
  Speaker 4: I'd love you to be a part of my wedding
• 33:57
  Speaker 4: to celebrate only me and my husband.
• 34:00
  Speaker 2: And that's actually going to cost you one.
• 34:02
  Speaker 4: Thousand dollars to just participate because I don't know. I
• 34:06
  Speaker 4: think after having had my wedding and then having had
• 34:09
  Speaker 4: so many conversations about this, and like I know of
• 34:12
  Speaker 4: a girl who got married and had been going around
• 34:15
  Speaker 4: communicating that she's had a more expensive wedding because she
• 34:18
  Speaker 4: expects all of her family and friends to contribute generously.
• 34:22
  Speaker 2: To the wishing well and that would then cover the wedding.
• 34:24
  Speaker 2: That's crazy.
• 34:25
  Speaker 4: I think that is insane behavior, like actually insane to
• 34:29
  Speaker 4: be putting your financial burdens as a responsibility onto your
• 34:33
  Speaker 4: family and friends. So like, I know that that's not
• 34:36
  Speaker 4: going to go down well with a lot of people,
• 34:38
  Speaker 4: but genuinely, if you cannot afford to pay for all
• 34:41
  Speaker 4: of the expenses of your bridal party, don't have one.
• 34:45
  Speaker 5: Yeah yeah, or like those ways, you know, like the
• 34:47
  Speaker 5: dress thing, Like I love it when I see weddings
• 34:50
  Speaker 5: where everyone's worn like one of their own dresses, Like
• 34:53
  Speaker 5: can everyone wear you know, if you all have a
• 34:55
  Speaker 5: blue dress, like is that something everyone has. Can you
• 34:57
  Speaker 5: all wear your favorite blue dress? Well, you know, there's
• 34:59
  Speaker 5: ways to do it it It doesn't put the pressure on.
• 35:02
  Speaker 5: But I think a lot of weddings, and it's probably
• 35:05
  Speaker 5: with the rise of social media, but a lot of
• 35:07
  Speaker 5: it feels very like almost like keeping up with people,
• 35:11
  Speaker 5: one upping people, like, very performative, almost not to diminish,
• 35:15
  Speaker 5: like anyone who's had a big, beautiful wedding, Like I
• 35:18
  Speaker 5: know Victoria wedding.
• 35:18
  Speaker 2: Was no, no, no, My wedding was over the top. Beck.
• 35:21
  Speaker 4: It was insane and I regret not one part of that,
• 35:24
  Speaker 4: but the entire thing we had because that's what Steve
• 35:27
  Speaker 4: and I wanted, and like I was, like, I posted
• 35:30
  Speaker 4: about it online, but like I think, Jess, you were there,
• 35:34
  Speaker 4: we didn't post most of the wedding online.
• 35:36
  Speaker 2: Because it wasn't actually about that. It wasn't about what
• 35:39
  Speaker 2: it looked like.
• 35:40
  Speaker 4: But now I'm like looking back and going, oh my god,
• 35:42
  Speaker 4: like we spent so much money on that.
• 35:44
  Speaker 2: Do people think that that was performative? Oh my god?
• 35:47
  Speaker 4: No, it so that people like Jess and you know,
• 35:49
  Speaker 4: if I had known you at the time, that you
• 35:51
  Speaker 4: could have had a bomb time at my wedding because
• 35:53
  Speaker 4: I wanted guests to walk away being like, oh, you
• 35:56
  Speaker 4: had the best time.
• 35:57
  Speaker 5: Yes, I think we achieved that absolutely, And I think
• 36:00
  Speaker 5: like ultimately, the craxit I think is if they're your friends,
• 36:05
  Speaker 5: I would hope that they're not going to hold it
• 36:07
  Speaker 5: against you if you don't get them a gift.
• 36:09
  Speaker 2: Like that's eraise. Don't treat friends that way. They're they're
• 36:11
  Speaker 2: they're there to celebrate their love.
• 36:13
  Speaker 5: They want you to be a part of that because
• 36:14
  Speaker 5: you're obviously a very special person in their life. And
• 36:17
  Speaker 5: so my thought would be that there's no pressure or
• 36:21
  Speaker 5: expectation on you to give them anything above and beyond
• 36:24
  Speaker 5: your your presence.
• 36:26
  Speaker 2: What did everybody else? Oh my god, oh god, so juicy?
• 36:28
  Speaker 2: Sit down strap in. We asked a few questions.
• 36:32
  Speaker 4: First, as always, we said, if you already spent heaps
• 36:35
  Speaker 4: to be in the wedding, should you still give a gift?
• 36:37
  Speaker 4: Twenty one percent of you said yep, of course. Twenty
• 36:40
  Speaker 4: three percent of you said no, being in the wedding
• 36:42
  Speaker 4: party is enough, twenty percent said it depends on what
• 36:46
  Speaker 4: we have spent, and then thirty six percent of you
• 36:49
  Speaker 4: said I would give something small. Wed then even split
• 36:52
  Speaker 4: pretty across the board. That's not where it gets spicy.
• 36:56
  Speaker 4: We then said, would you feel rude turning up without
• 36:58
  Speaker 4: a gift? Of you said only if I'd already done
• 37:02
  Speaker 4: so much. Nineteen percent of you said Nope, gifts shouldn't
• 37:06
  Speaker 4: be expected, twenty percent said depends on how close we were.
• 37:10
  Speaker 4: Fifty one percent of you said, yep, I couldn't turn
• 37:12
  Speaker 4: up to a wedding without one.
• 37:14
  Speaker 2: I get the anxiety, I.
• 37:15
  Speaker 7: Get it, But there you show up and the people
• 37:17
  Speaker 7: aren't even there yet, Like I feel like you could
• 37:19
  Speaker 7: definitely get away with like no one's seeing you walking
• 37:21
  Speaker 7: with that.
• 37:24
  Speaker 2: Shows up after you.
• 37:25
  Speaker 4: Un ethical money hack put a card on the table
• 37:29
  Speaker 4: gift table that mentions in the card hope you love
• 37:33
  Speaker 4: the gift.
• 37:33
  Speaker 2: We put a lot of.
• 37:34
  Speaker 4: Thought into it, and then they won't know which gift
• 37:38
  Speaker 4: you got and cards fall off things all the time.
• 37:42
  Speaker 2: That's very true. Don't do that.
• 37:44
  Speaker 4: That's terrible advice from an ex financial advisor. But we
• 37:48
  Speaker 4: also said to the community, what is your two cents?
• 37:51
  Speaker 4: First cab off the rank. A gift can be sentimental
• 37:54
  Speaker 4: and doesn't have to cost anything at all. So I
• 37:56
  Speaker 4: think that that's very beckcoded because I think that you
• 37:59
  Speaker 4: would turn up to a wedding with a gift, but
• 38:01
  Speaker 4: it doesn't necessarily have to be cash or money or
• 38:05
  Speaker 4: cloch love hard one hundred percent. There's a lot of
• 38:08
  Speaker 4: clapping hand emojis in this, so I'm not going to
• 38:11
  Speaker 4: read all of those out, but in between each word
• 38:13
  Speaker 4: is a clapping emoji. So don't have bridal parties you
• 38:18
  Speaker 4: can't afford.
• 38:19
  Speaker 2: To pay for. That's it. That's it. Copycut.
• 38:24
  Speaker 4: Okay, the next person said weddings are money sucks.
• 38:27
  Speaker 2: Give them fifty bucks. I mean it's true.
• 38:30
  Speaker 4: Somebody else said, and this is a two parter. I
• 38:33
  Speaker 4: spent two grand total being in a friend's wedding, and
• 38:36
  Speaker 4: now we barely speak because I actually can't get past it.
• 38:39
  Speaker 2: I'm actually paying.
• 38:41
  Speaker 4: For my entire hands party weekend because of this, so
• 38:43
  Speaker 4: nobody else is out.
• 38:45
  Speaker 2: That's two thousand dollars. It's just such a staggering amount.
• 38:49
  Speaker 7: I know, for something you don't you didn't have any
• 38:51
  Speaker 7: control over. For me, it's the same as getting into
• 38:53
  Speaker 7: a car accident and your friend asking you to be
• 38:55
  Speaker 7: in the bridal party. I'm like, wow, here's this huge,
• 38:58
  Speaker 7: unexpected cost I didn't prepare for.
• 39:01
  Speaker 2: It's no not like actually.
• 39:02
  Speaker 4: Wild right, And I keep bringing this back to me.
• 39:05
  Speaker 4: I think because I've had a wedding. But also I'm
• 39:07
  Speaker 4: a finance person, like I was a financial advisor. I
• 39:10
  Speaker 4: talk about money all the time. I run cheese on
• 39:12
  Speaker 4: the money. And when I was starting to plan my wedding,
• 39:17
  Speaker 4: one of the first conversations I had with my husband
• 39:19
  Speaker 4: was like, hey, like, I don't think we've seen any
• 39:22
  Speaker 4: of our friends do this, because like my husband had
• 39:24
  Speaker 4: been in Upplothora of bridal parties before groom's parties or
• 39:29
  Speaker 4: whatever we want to call them, and like, so would I,
• 39:31
  Speaker 4: and we'd all paid for it, and like I'd actually
• 39:34
  Speaker 4: never held a grudge. So like, just to be very clear,
• 39:37
  Speaker 4: if I was in your bridal party and you asked
• 39:39
  Speaker 4: me to pay, I don't feel bad. But then my
• 39:41
  Speaker 4: opinion is very different to like the facilitation of that, right,
• 39:45
  Speaker 4: like you ask me, I'm actually willing to do that.
• 39:47
  Speaker 2: That's fine, no skin off my back.
• 39:49
  Speaker 4: But when it came to my wedding, I sat down
• 39:50
  Speaker 4: and said to my husband, our bridal party doesn't lift
• 39:54
  Speaker 4: a finger like they do not like they're there for us.
• 39:57
  Speaker 4: They do not spend a cent like on their suits,
• 40:00
  Speaker 4: their makeup, on their shoes, and I even paid so
• 40:03
  Speaker 4: much for my own Hens weekends and Hen's trips that
• 40:07
  Speaker 4: we went on because I was like, I'm not having
• 40:09
  Speaker 4: other people pay for something that I'm getting, Like, yeah,
• 40:12
  Speaker 4: hopefully they enjoyed it, but like this was for me,
• 40:15
  Speaker 4: Like this wasn't for anybody else. Yeah, So for me,
• 40:18
  Speaker 4: I was just very adamant that the money would come
• 40:23
  Speaker 4: from me. And my idea on that was that if
• 40:26
  Speaker 4: I couldn't afford it, we wouldn't be doing those things.
• 40:29
  Speaker 4: Because if you can't afford it, why would your friends
• 40:31
  Speaker 4: be able.
• 40:32
  Speaker 2: To afford it?
• 40:32
  Speaker 5: And people don't love you less because they don't have
• 40:34
  Speaker 5: that money to give you.
• 40:35
  Speaker 2: Absolutely not.
• 40:36
  Speaker 4: Another comment was something needs to give with weddings. It's
• 40:40
  Speaker 4: not actually realistic in twenty twenty five to do this
• 40:42
  Speaker 4: any longer. Yeah, on the entire financial landscape has changed,
• 40:47
  Speaker 4: so that is so true. Another person said, you don't
• 40:50
  Speaker 4: have to accept being in the wedding party and you
• 40:53
  Speaker 4: can always set boundaries on finance.
• 40:55
  Speaker 2: Which is true.
• 40:56
  Speaker 4: But like if your best friend or someone you're so
• 40:59
  Speaker 4: close with is I would love for you to stand
• 41:01
  Speaker 4: by me on arguably the most important day of my life.
• 41:05
  Speaker 2: It's a big question. Yeah, yes, and that's so beautiful.
• 41:09
  Speaker 4: It doesn't all come back to finances, which is why,
• 41:11
  Speaker 4: Like there's a split between me going if somebody asked
• 41:14
  Speaker 4: me to be part of their bridal party and I
• 41:15
  Speaker 4: had to pay, no grudge. But I'm very much of
• 41:19
  Speaker 4: the opinion that if you want to speak from a
• 41:22
  Speaker 4: financial perspective, that should not be the burden of the
• 41:24
  Speaker 4: people participating. Yes, another person, I'm going to do two more.
• 41:29
  Speaker 4: Another person said, why do hens and bucks have to
• 41:32
  Speaker 4: be so extravagant these days? What is wrong with a
• 41:35
  Speaker 4: simple afternoon or night out with the boys?
• 41:37
  Speaker 2: Totally?
• 41:38
  Speaker 4: Another person and this is the last You will never
• 41:41
  Speaker 4: regret giving a gift. You may end up regretting not
• 41:44
  Speaker 4: giving one, though you can give one later.
• 41:47
  Speaker 2: Yeah, that's true.
• 41:48
  Speaker 4: Also bonus one. Someone said, make a loping great again.
• 41:52
  Speaker 2: Honestly, yes, here for it.
• 41:54
  Speaker 4: Oh please, Like, if anybody wants to get married Elope, y, Elope.
• 41:59
  Speaker 2: Go to the courthouse and then have a dinner with
• 42:00
  Speaker 2: your family and practice.
• 42:02
  Speaker 4: I think just to look turn up one day Jess
• 42:05
  Speaker 4: and be like, by the way, I'm married?
• 42:08
  Speaker 2: Why not? Absolutely? I love it.
• 42:11
  Speaker 4: Anyway, guys, it has been a good little chat. What
• 42:14
  Speaker 4: a good Friday episode Gordous So we'll see you guys
• 42:17
  Speaker 4: bride and early on Monday morning for our money, Darien,
• 42:19
  Speaker 4: have the best weekend by guys.
• 42:21
  Speaker 3: Bye.
• 42:27
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• 42:34
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• 42:37
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  Speaker 6: sell four five one two eight nine mm hmm