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Going to the chapel and we're... · She's On The Money

0:00
Speaker 1: She's on the Money.
0:02
Speaker 2: She's on the Money.
0:19
Speaker 3: Hello and welcome to She's on the Money, the podcast
0:22
Speaker 3: for millennials who want to financial freedom.
0:24
Speaker 1: I'm Anabaalie, one of your co hosts.
0:26
Speaker 3: I'm a law student and a millennial who desperately wants
0:28
Speaker 3: to get better at all things money. To do that,
0:31
Speaker 3: every week, I sit down with my friend and money expert,
0:33
Speaker 3: Victoria Divine.
0:34
Speaker 1: That's you, Victoria, Good money.
0:36
Speaker 3: As always, It's been a great week for so many
0:39
Speaker 3: of our Shoes on the Money community members, with so
0:41
Speaker 3: many coming into the space to share their money wins.
0:43
Speaker 3: So let's share our favorites from the week, shall we?
0:46
Speaker 1: What have you got for me?
0:47
Speaker 4: All right? So I have one from Matilda. She says,
0:49
Speaker 4: massive money win. Thanks to my sister Jessica's immense help
0:53
Speaker 4: and nifty spreadsheet work, woman, I've gotten my boss to
0:58
Speaker 4: finally back pay me what they owe. I'd been paid
1:01
Speaker 4: eighteen dollars an hour as a twenty year old casual
1:03
Speaker 4: for the last two and a bit months, and they
1:05
Speaker 4: weren't paying any super no penalty rates either. But tonight
1:09
Speaker 4: I'm gonna get a nice fourteen hundred dollars boost to
1:12
Speaker 4: my bank account. Five hundred dollars added to my super
1:14
Speaker 4: and a forty five percent pay rise. Moving on, How
1:18
Speaker 4: good is that?
1:19
Speaker 3: I love watching your eyes light up when someone's just
1:21
Speaker 3: spread cheet It's a bit creepy, isn't it. There are
1:24
Speaker 3: like certain words that's just like you're like, oh, yes,
1:26
Speaker 3: that's the word I love.
1:27
Speaker 4: Like it's really bad. So if we went out last
1:29
Speaker 4: week with my dad, and my dad's an accountant, and
1:32
Speaker 4: we full on got into this conversation about spreadsheets, and
1:35
Speaker 4: my sister leant over the table and was like, guys,
1:37
Speaker 4: cut it out.
1:38
Speaker 1: We're not all financial advisors.
1:40
Speaker 4: And no, I'm sorry, but I'm also not sorry at all.
1:43
Speaker 4: He taught me some really cool stuff.
1:45
Speaker 3: I've got one from Kate this week who said, when
1:47
Speaker 3: after pay reaches thirty dollars and you invested.
1:49
Speaker 1: Three k in it at three dollars, who money win?
1:53
Speaker 4: Check her out. I think that's a really impressive one
1:56
Speaker 4: and something that actually got a lot of traction in
1:58
Speaker 4: the group. But I think we need to actually remember
2:01
Speaker 4: that just because one person made a lot of money
2:04
Speaker 4: on a particular share because they invested early, that does
2:07
Speaker 4: not mean that it is a good share to invest in.
2:09
Speaker 4: Moving forward. It could have already peaked. It might not
2:12
Speaker 4: be the right share for you at this point. She's
2:15
Speaker 4: just got a really good example of getting onto a
2:17
Speaker 4: good thing really early, and that's why investment can be
2:20
Speaker 4: really cool, sometimes.
2:21
Speaker 1: So cool, Victoria.
2:22
Speaker 3: Today on the show, we're talking about weddings, but before
2:25
Speaker 3: we get there, as always, it's time to share a
2:27
Speaker 3: money win or a money confession from the week.
2:29
Speaker 1: How did you go this week?
2:30
Speaker 4: All right, Annabelle, I have a confession for you this
2:32
Speaker 4: way tell me. I know. I feel like I had
2:34
Speaker 4: a couple of good runs with my money wis. But
2:37
Speaker 4: this week I purchased something online and was really excited
2:41
Speaker 4: to do so, had been planning to for a while,
2:43
Speaker 4: and I waited for a discount code to come out
2:46
Speaker 4: so I could purchase it. And I was all gung
2:48
Speaker 4: ho on my phone trying to get the purchase done
2:51
Speaker 4: before running onto something else that I forgot to apply
2:54
Speaker 4: the discount code, Victoria, so I haven't yet. I emailed
3:01
Speaker 4: them to see if they could, you know, apply it
3:03
Speaker 4: post because they did give it to me directly, so
3:05
Speaker 4: I feel like they would be happy with that. But
3:07
Speaker 4: I was also a little bit embarrassed to email them,
3:10
Speaker 4: especially after I waited for so long to get the code,
3:12
Speaker 4: So maybe that can be my actually for the week
3:16
Speaker 4: to email and fifty Oh yes you need to chase them.
3:19
Speaker 4: Yeah yeah, I think so tell me you've got a
3:22
Speaker 4: money when Adabell come.
3:23
Speaker 3: I do.
3:23
Speaker 1: I will save this segment, Victoria focus.
3:26
Speaker 4: I'm so grateful to have you.
3:28
Speaker 3: So my friend's mum was throwing out a bunch of
3:31
Speaker 3: stuff and she was gonna throw out her sewing machine.
3:34
Speaker 3: Why I'll take that. And so I've been this past week.
3:37
Speaker 3: I've been like altering my clothes. I'llbeit maybe not so successfully,
3:41
Speaker 3: but I've been like taking up clothes. I changed an
3:44
Speaker 3: old pair of jeans into shorts. Oh, so you're impressive
3:47
Speaker 3: getting ready for summer. Are you sure you don't want
3:50
Speaker 3: to go into being a tailor? Like I've had a
3:51
Speaker 3: few things that need fixing. I'll start like a tailor
3:54
Speaker 3: in company one day. Maybe now, Victoria, let's talk about
3:57
Speaker 3: the average cost of a wedding. Right Magazine found the
4:01
Speaker 3: average Australian wedding costs sixty four hundred and eighty two dollars,
4:04
Speaker 3: while Wedded Wonderland put the average cost of a wedding
4:07
Speaker 3: at fifty three thousand, one hundred and.
4:09
Speaker 4: Sixty eight dollars.
4:10
Speaker 3: Then we have Asik, who a few years ago said
4:12
Speaker 3: the average cost of an Aussie wedding sat around thirty
4:15
Speaker 3: five thousand dollars.
4:16
Speaker 1: Victoria, Why are these numbers so different?
4:19
Speaker 4: I think these numbers are so different because of where
4:21
Speaker 4: they're pulling data from. So Wedded Wonderland might have pulled
4:24
Speaker 4: their data from their database and might have sent out
4:27
Speaker 4: a survey, whereas Acik, I think, is probably going to
4:29
Speaker 4: have a more realistic number because they would have the
4:32
Speaker 4: data that's collected in the census every couple of years.
4:36
Speaker 4: So even saying that thirty five thousand dollars is a
4:40
Speaker 4: lot of money to be spending on a wedding, And
4:43
Speaker 4: to be honest, I don't know a lot of people,
4:45
Speaker 4: and that might be my privilege speaking. I don't know
4:48
Speaker 4: a lot of people who have only spent thirty five
4:50
Speaker 4: thousand dollars. I have, I guess a friendship circle, and
4:53
Speaker 4: I live in a space where a lot of people
4:55
Speaker 4: are spending a lot more than that, and it honestly
4:57
Speaker 4: baffles me, especially as someone who's not in aged and
5:00
Speaker 4: not planning on getting married anytime soon. I'm in this
5:03
Speaker 4: position where.
5:04
Speaker 5: I'm like, whoa, that's a massive cost.
5:06
Speaker 3: I was reading all those numbers and I was like
5:08
Speaker 3: they sound just as big, Like they all sound completely
5:11
Speaker 3: out of my range.
5:13
Speaker 4: It's crazy and to think that a lot of people
5:16
Speaker 4: spend money on weddings. And this is the one thing
5:18
Speaker 4: that gets me. They spend so much money on weddings
5:21
Speaker 4: to then go into a marriage in debt and that
5:24
Speaker 4: baffles me. Yeah.
5:25
Speaker 3: So, Sydney Morning Herald and Age money An editor Caitlin
5:28
Speaker 3: Fitzimmons said, these are surveys done by bridal magazines and
5:31
Speaker 3: wedding planners. They have a vested interest in giving you
5:34
Speaker 3: a high number and trying to normalize spending a lot
5:36
Speaker 3: of money on your wedding. What do you think about that?
5:39
Speaker 3: All right?
5:39
Speaker 4: Well, I feel like maybe had I known you were
5:41
Speaker 4: going to say that second, I would have changed what
5:43
Speaker 4: I said before. But absolutely so. I think that they
5:46
Speaker 4: want to normalize spending a lot of money on your wedding,
5:48
Speaker 4: which makes a lot of sense because the wedding industry
5:51
Speaker 4: is incredibly lucrative. You look at how much weddings cost,
5:55
Speaker 4: and as much as I've got no intention of getting
5:57
Speaker 4: married soon, my best friend Steph actually just got engaged,
6:01
Speaker 4: which is really exciting. I know, right, like everybody posting
6:04
Speaker 4: the group your tips for Barley weddings because I know
6:06
Speaker 4: that's where we'll go. But she just got engaged, and
6:10
Speaker 4: we've started looking at wedding venues and how much that's
6:12
Speaker 4: gonna cost her and what that's going to look like.
6:15
Speaker 4: But it is so much more expensive than I even anticipated,
6:19
Speaker 4: and looking up quoting tools and wedding budget blogs and
6:22
Speaker 4: things really blows it out of proportion. Like I did
6:25
Speaker 4: not know someone could spend that much on cake.
6:27
Speaker 3: Oh, cakes are so expensive. My sister's getting married to
6:30
Speaker 3: and we've been we're gonna go cake testing, cake testing.
6:32
Speaker 4: Oh can I come?
6:33
Speaker 1: Oh yeah, probably, yes, please, so excited. But they're so expensive.
6:37
Speaker 4: It's crazy, incredibly expensive.
6:38
Speaker 3: That's all despite the actual cost of getting married. Having
6:41
Speaker 3: an authorized celebrant and the right paperwork costs a maximum
6:44
Speaker 3: of about four hundred dollars in Australia. In some states
6:47
Speaker 3: like Tazzy, you only need to pay fifty dollars to
6:49
Speaker 3: be officially married. So why is it the Australians are
6:51
Speaker 3: spending tens of thousands of dollars on one single day.
6:55
Speaker 4: I think that goes back to the way Australians and
7:00
Speaker 4: potentially other people in other parts of the world view
7:03
Speaker 4: weddings like it is your one day, like we as
7:05
Speaker 4: little girls had bride Barbie. Growing up, people would always
7:09
Speaker 4: talk about, you know, the man of your dreams, the
7:11
Speaker 4: person you would marry, what type of wedding you would want,
7:13
Speaker 4: Like I remember when I was sixteen, girls talking about
7:16
Speaker 4: the type of wedding they want, And I remember there
7:18
Speaker 4: was a full argument in my high school over two
7:21
Speaker 4: girls who liked the same dress, like.
7:23
Speaker 1: Are you kidding mine?
7:25
Speaker 4: Yeah, but like we didn't even have fun is at
7:27
Speaker 4: that period of our.
7:28
Speaker 5: Life you were sixteen exactly?
7:30
Speaker 4: Potentially I'm getting a little bit confused because we also
7:33
Speaker 4: had our debutant ball at the same period of time,
7:35
Speaker 4: But even that was an expensive cost that I found
7:39
Speaker 4: quite ridiculous at the time. So I think that we
7:41
Speaker 4: tend to spend so much money on weddings because one,
7:45
Speaker 4: we feel like it's expected of us. But two, in
7:48
Speaker 4: our culture, we see it as a good start to
7:51
Speaker 4: a married life. So to have a big, beautiful wedding
7:54
Speaker 4: is a reflection of hopefully the type of marriage we
7:57
Speaker 4: will have. But I think the reality here is one
8:00
Speaker 4: in two marriages don't actually last, and in twenty nineteen
8:03
Speaker 4: that figure is only creeping up. So the question really is, now,
8:07
Speaker 4: why are we spending so much money on something that
8:09
Speaker 4: could be a potentially bad investment, like putting my financial
8:13
Speaker 4: advisor hat on. If I said, hey, invest sixty five
8:16
Speaker 4: thousand dollars, there's a one in two chance of you
8:19
Speaker 4: losing the whole thing, how would you feel you.
8:21
Speaker 1: Don't want to have to regret that?
8:22
Speaker 3: No, do you think that there's a performative aspect of
8:25
Speaker 3: weddings in that we want them to be like the
8:27
Speaker 3: weddings we see on Pinterest boards and on our Instagram feeds.
8:31
Speaker 3: That means that we're splashing more cash on them.
8:32
Speaker 4: I think that comes back to Instagram culture as well,
8:35
Speaker 4: and people setting up unrealistic expectations for what a wedding
8:38
Speaker 4: looks like. So recently we've had some really great threads
8:41
Speaker 4: in the Facebook group about weddings and about how much
8:44
Speaker 4: they're costing people, and so many people had so many
8:47
Speaker 4: good ideas, one on saving money, but two on potentially
8:51
Speaker 4: just downgrading the entire wedding. A lot of people were saying, hey,
8:55
Speaker 4: I got married twenty years ago. We went to the
8:57
Speaker 4: registry and then we had a party with our friends
8:59
Speaker 4: and it was honestly the best stay of our lives.
9:01
Speaker 4: And I think we need to work out why we're
9:03
Speaker 4: having a wedding and what feelings we're trying to elicit here.
9:07
Speaker 4: Is this actually in line with our values? So I
9:09
Speaker 4: genuinely have no issue with you telling me you want
9:12
Speaker 4: to spend a large sum of money on a wedding
9:15
Speaker 4: if that is what your goals and your values and
9:17
Speaker 4: your aspirations are, and if you tell me look above
9:20
Speaker 4: and beyond absolutely everything else, Victoria, this is what I want, fantastic.
9:25
Speaker 4: I would be more than happy to help you organize that.
9:28
Speaker 4: But I think if it's not in line with your values,
9:31
Speaker 4: or you're in a position where you're doing things because
9:34
Speaker 4: you feel like you have to, or it comes back
9:36
Speaker 4: to that performative aspect of weddings, like are you just
9:39
Speaker 4: doing it because you think you have to? You don't
9:41
Speaker 4: owe anybody anything, And I think this has been the
9:43
Speaker 4: theme of the last two podcasts, But you do not
9:46
Speaker 4: owe anybody anything. You don't have to do anything specifically,
9:49
Speaker 4: even if a pinterest wedding looks incredibly beautiful, just because
9:54
Speaker 4: that looks beautiful, and you like, it doesn't mean you
9:56
Speaker 4: actually have to have all of those elements in your
9:59
Speaker 4: big day.
10:00
Speaker 3: My sister's currently planning her wedding and we had this
10:02
Speaker 3: big debarcle about the chairs you wanted at the ceremony,
10:05
Speaker 3: and she was comparing these true chairs that were virtually
10:07
Speaker 3: saying but she was like, this one's more like photogenic
10:09
Speaker 3: and more aesthetically pleasing. And I kept coming back to
10:11
Speaker 3: the same question, is it gonna matter like a people
10:13
Speaker 3: still gonna have a good time regardless of the chair
10:16
Speaker 3: you pig And.
10:17
Speaker 1: That's interesting, the cheaper chair.
10:20
Speaker 4: That's really interesting, And I think that that's really common,
10:23
Speaker 4: Like you see so many brides getting wedding planners to
10:27
Speaker 4: outsource it, but then you also see people getting really
10:29
Speaker 4: bogged down in the details. And something that I've always
10:32
Speaker 4: stuck to, albeit I haven't ever gotten married. People don't
10:35
Speaker 4: remember the table or the napkin you chose, or the
10:38
Speaker 4: type of BOMBONII you put on the table for them
10:41
Speaker 4: to take home. People actually remember how you made them feel.
10:44
Speaker 4: And I think that that's the most important part of
10:46
Speaker 4: the wedding. So if you're getting bogged down in which
10:49
Speaker 4: type of chairs, the most photogenic, Like, are you going
10:51
Speaker 4: to be looking at pictures of the chairs twenty years
10:54
Speaker 4: from now, or are you going to be looking at
10:55
Speaker 4: pictures of your friends in the great time they had?
10:57
Speaker 1: Exactly So.
10:58
Speaker 3: The irony here is that, according to the economist, those
11:00
Speaker 3: who have a wedding above their means more likely to
11:03
Speaker 3: get divorced. A study published in twenty fifteen by two
11:06
Speaker 3: economists at Emory University found that among couples of the
11:09
Speaker 3: same income, education, and race, those who had married on
11:12
Speaker 3: a higher budget were more likely to get divorced, citing
11:14
Speaker 3: money problems as one of their key reasons for splitting.
11:17
Speaker 1: What do you think about that.
11:18
Speaker 4: I cannot say that I'm surprised to hear that. I
11:21
Speaker 4: think it's something that is actually a reflection of people
11:25
Speaker 4: not having open, honest conversations about their money story at
11:28
Speaker 4: the beginning of their relationship, but then also not working
11:31
Speaker 4: towards shared money goals that are increasing their wealth and
11:34
Speaker 4: financial security over the long term. So, if you're putting
11:37
Speaker 4: yourself in a financial position where you are starting a
11:40
Speaker 4: relationship under financial stress, of course it's going to be stressful.
11:44
Speaker 4: Of Course it's going to be hard. I think you
11:46
Speaker 4: need to be on the same page moving forward and
11:49
Speaker 4: talk about things like, Hey, what do we actually want
11:51
Speaker 4: to achieve, what types of schools will we want to
11:53
Speaker 4: send the children that we potentially want to have, how
11:56
Speaker 4: much will it cost us, what type of home do
11:58
Speaker 4: we want? And is a home deposit something that we
12:02
Speaker 4: should be working towards instead of a wedding.
12:04
Speaker 3: So is there a rule of thumb you'd recommend for
12:06
Speaker 3: a wedding budget? When you hear of couples spending one
12:09
Speaker 3: hundred thousand dollars on their weddings, do you WinCE a
12:11
Speaker 3: little bit?
12:11
Speaker 6: Yes?
12:12
Speaker 1: Yeah, I do too.
12:13
Speaker 4: It hurts me a little bit inside, not because of
12:16
Speaker 4: how much they're spending on something that they value, but
12:19
Speaker 4: because they're spending one hundred thousand.
12:20
Speaker 5: Dollars and I know the power of that over time.
12:23
Speaker 4: So I think it's really important to remember that we
12:25
Speaker 4: all have our values, we all have things that we
12:28
Speaker 4: want to achieve, things that are important to us. I
12:31
Speaker 4: think at the start of your wedding journey, if you're
12:33
Speaker 4: planning one with your partner, sit down and have a
12:35
Speaker 4: really good conversation about what this actually looks like. And
12:38
Speaker 4: when you do set a budget, set a budget that
12:40
Speaker 4: you are sticking to and make sure that you outline
12:43
Speaker 4: what that budget actually looks like. It's one thing to say, hey,
12:46
Speaker 4: I would love my wedding to be one hundred thousand dollars,
12:49
Speaker 4: but what does that actually mean? How much of that
12:51
Speaker 4: is going on the venue, how much of that is
12:52
Speaker 4: going on extra cating, how much is it going on alcohol?
12:55
Speaker 4: What are you spending on your dress? What are the
12:57
Speaker 4: groom's shoes going to look like? Think you need to
12:59
Speaker 4: get into really minute detail when planning a wedding because
13:03
Speaker 4: too many times do I hear people say, oh, we
13:05
Speaker 4: went only ten thousand dollars over as if going over
13:08
Speaker 4: budget on a wedding is a really normal thing to happen,
13:12
Speaker 4: and that's something that we should do with all of
13:13
Speaker 4: our budgets. Like get into the minute detail and work
13:16
Speaker 4: out what's of value to you, Like if flowers are
13:19
Speaker 4: a massive value to you, spend a lot on them
13:21
Speaker 4: because that's what's going to make you happy, but work
13:24
Speaker 4: out a way to save in other parts of the wedding.
13:27
Speaker 4: So one hundred thousand dollars, I actually could not care
13:30
Speaker 4: less how much people are spending on their weddings as
13:33
Speaker 4: long as they're not going into debt to do them,
13:36
Speaker 4: and as long as they are spending in relation to
13:39
Speaker 4: their values.
13:40
Speaker 3: And even though one hundred thousand dollars seems like a
13:41
Speaker 3: lot of money, I feel like it's very easy to
13:44
Speaker 3: spend that amount in the wedding industry or to accidentally
13:46
Speaker 3: like splash that amount of money on like the smallest thing.
13:49
Speaker 4: Oh absolutely, And I think that we'd be naive to say,
13:53
Speaker 4: oh no, that's so much money. You can do a
13:55
Speaker 4: wedding for far far less. Like we live and are
13:59
Speaker 4: very lucky to live in the heart of the Melbourne CBD,
14:02
Speaker 4: So everything that we spend money on is going to
14:05
Speaker 4: be a little bit inflated, it's going to be overpriced.
14:08
Speaker 4: So I think it's about thinking about whether that is
14:11
Speaker 4: aligned to our values too. So say I've got friends
14:14
Speaker 4: trying to plan weddings in the CBD right now, and
14:16
Speaker 4: I've got friends that have gotten married over the last
14:18
Speaker 4: couple of years in the CBD and their weddings are
14:20
Speaker 4: probably close to that. So it is not uncommon, but
14:24
Speaker 4: I think it's also unreasonable to expect.
14:27
Speaker 3: What kind of advice do you have for brides who
14:28
Speaker 3: are currently planning their big day? How can they enjoy
14:31
Speaker 3: their weddings without obliterating their savings.
14:33
Speaker 1: At the same time, have.
14:34
Speaker 4: A think about the budget that you would like to
14:36
Speaker 4: set for your wedding, and then have another think about
14:39
Speaker 4: how long it's going to take you to save for
14:42
Speaker 4: that goal. So, if you would like your wedding in
14:44
Speaker 4: twelve months, but you're only able to save thirty thousand
14:47
Speaker 4: dollars within that period of time, I wish I could
14:50
Speaker 4: save thirty thousand dollars in twelve months. But if you're
14:53
Speaker 4: wanting to spend thirty thousand dollars on that wedding, is
14:56
Speaker 4: that the right budget for you? Can you actually achieve that?
14:58
Speaker 4: If you want a sixty thousand dollars wedding, maybe you
15:00
Speaker 4: actually need to have a really good think about your
15:02
Speaker 4: time frames and increase that. I think that people are
15:06
Speaker 4: too often willing to get into debt for a wedding
15:09
Speaker 4: because they see it as a really big life milestone,
15:12
Speaker 4: when in actual fact, that person, if they are the
15:15
Speaker 4: right person for you, is going to be there in
15:17
Speaker 4: twelve months, whether you get married right now or you
15:19
Speaker 4: get married twelve months from now.
15:26
Speaker 6: Hi.
15:27
Speaker 3: There, you've called the Shees on the money hotline. Do
15:29
Speaker 3: you have a money problem? You want help solving. Do
15:31
Speaker 3: you have a money dilemma you just want to chat about.
15:34
Speaker 1: Victoria is here to help.
15:35
Speaker 3: Each week, we'll be playing your hotline questions to help
15:38
Speaker 3: make sense of the money mess you may have found
15:39
Speaker 3: yourself in. Give us a call on four three, five,
15:42
Speaker 3: two nine three double eighty six, and you might find
15:45
Speaker 3: yourself on the show. So this listener question was actually
15:56
Speaker 3: sent through to our text line. She said, my friend
15:59
Speaker 3: has asked me to be her bridesmaid, and I'm finding
16:01
Speaker 3: the cost of being involved in her wedding is blowing
16:03
Speaker 3: out beyond my budget. She's decided to do a location
16:06
Speaker 3: wedding in Barren Bay, and I'm really stressed about how
16:09
Speaker 3: this will impact my savings. Am I allowed to tell
16:11
Speaker 3: her how stressed I am when she wants it to
16:13
Speaker 3: be so special? Can she?
16:15
Speaker 4: Victoria, I absolutely think it is worth sharing with a
16:18
Speaker 4: friend how stressed you are, because if I were to
16:21
Speaker 4: get married, I would not want to be putting my
16:23
Speaker 4: friends in a situation that they are uncomfortable with. So
16:26
Speaker 4: by sharing how stressed you are, it's not you saying
16:29
Speaker 4: I need you to fund this. It's more saying, hey,
16:32
Speaker 4: this is something that I didn't have it in my budget.
16:34
Speaker 4: How you know, maybe you can muld together some ideas
16:38
Speaker 4: on how you both can work together to reduce how
16:41
Speaker 4: much that's going to cost you. You know, if you
16:42
Speaker 4: need to wear silver shoes for the wedding, maybe you
16:44
Speaker 4: have silver shoes at home that the bride would very
16:47
Speaker 4: happily have you wear. I think it's worth sharing that
16:50
Speaker 4: with them because weddings are getting really expensive, like I'm
16:53
Speaker 4: seeing that even personally over the last couple of months.
16:56
Speaker 4: I have a few weddings coming up where I Am
16:58
Speaker 4: going to be a bride'smaid. But then on top of that,
17:01
Speaker 4: you've got things like the hen's party, and often they
17:04
Speaker 4: are three or four hundred dollars for the weekend because
17:07
Speaker 4: my friends would like to go away. Then you're looking
17:10
Speaker 4: at the dress, the shoes, the hair. All of those
17:12
Speaker 4: things add up, and I think a bride would be
17:15
Speaker 4: incredibly naive to think that they don't because they've obviously
17:19
Speaker 4: realized that by asking you to pay for them, it
17:22
Speaker 4: wasn't within their budget.
17:24
Speaker 3: The average cost of being a bridesmaid between the dress,
17:26
Speaker 3: access freese, bridal parties, and wedding gives is fifteen hundred dollars.
17:30
Speaker 3: That's a pretty big investment, isn't it?
17:32
Speaker 1: Is it an.
17:32
Speaker 4: Investment or is it just I think it's not an investment.
17:36
Speaker 4: I would not call it an investment. I would call
17:38
Speaker 4: it spending. So it's something that does have to go
17:41
Speaker 4: into your budget. And I will say it once again,
17:45
Speaker 4: saving for things that you want to have in your
17:47
Speaker 4: budget takes compromise. So if being a bridesmaid is something
17:50
Speaker 4: you would like to do, you need to really have
17:53
Speaker 4: a look at the rest of your budget and work
17:54
Speaker 4: out what you're going to cut back for that period
17:56
Speaker 4: of time. It might mean that you need to cut
17:58
Speaker 4: back your holiday budget a little bit or spend less
18:00
Speaker 4: on a particular thing just because you want to allocate
18:04
Speaker 4: those funds somewhere else. So it's absolutely doable. But again,
18:06
Speaker 4: it has to be in line with your values. And
18:08
Speaker 4: I actually know a couple of people who have said no,
18:11
Speaker 4: thank you to being a bridesmaid because the financial investment
18:14
Speaker 4: was just too much for them.
18:16
Speaker 3: If they don't want to say no, though, are the
18:17
Speaker 3: other ways to limit the amount of spending when you're
18:19
Speaker 3: agree to be a bridesmaid?
18:21
Speaker 4: I think it's about having an open, honest conversation with
18:23
Speaker 4: the bride and saying, hey, cool, what are you actually
18:26
Speaker 4: expecting this to cost me? Is that reasonable? Is that logical?
18:30
Speaker 4: In a world where we are more likely to have
18:33
Speaker 4: our weddings at the same time as our friends because
18:35
Speaker 4: our friends are similar ages to us, it could be
18:37
Speaker 4: really unreasonable to expect that every single year you have
18:41
Speaker 4: a fifteen hundred dollar bill to participate in a wedding.
18:44
Speaker 4: And whilst that is usually short lived because it will
18:47
Speaker 4: only happen for you know, four or five years, it
18:49
Speaker 4: is still a massive cost and it is still impacting
18:52
Speaker 4: you financially. So having an open on this conversation with
18:55
Speaker 4: the bride is imperative to you making sure that this
18:58
Speaker 4: doesn't impact you negatively over the long.
19:00
Speaker 1: So here's anitty gritty question.
19:02
Speaker 3: If the cost of being involved is so high, do
19:05
Speaker 3: you think she's exempt from buying a wedding present for
19:07
Speaker 3: the bride?
19:08
Speaker 4: This is such a tricky question because again it's such
19:10
Speaker 4: a personal thing. I think if you would still like
19:13
Speaker 4: to purchase the bride a gift, even though you've made
19:16
Speaker 4: another investment in their wedding, you are absolutely more than
19:19
Speaker 4: welcome to. But potentially it's not a gift that is
19:22
Speaker 4: worth a lot of money. Yeah, it could potentially be
19:24
Speaker 4: something more sentimental or a box you've put together full
19:27
Speaker 4: of all of your favorite things. I'm not sure what
19:30
Speaker 4: that looks like for you, and again, it is such
19:32
Speaker 4: a personal question. I don't think that there should ever
19:35
Speaker 4: be any expectation though, of a gift when you have
19:38
Speaker 4: already contributed so much.
19:40
Speaker 3: And who knows, maybe the bride will suggest that anyway,
19:42
Speaker 3: if you're having that open discussion with her, maybe she'll
19:43
Speaker 3: just be like, you don't have to buy.
19:45
Speaker 4: Me anything, absolutely, And I hope that these open, honest conversations,
19:48
Speaker 4: if brides are listening to this, maybe put them in
19:51
Speaker 4: a position then where they go fantastic. I've been thinking
19:53
Speaker 4: so much about my own experience and my own budget
19:56
Speaker 4: for the wedding, I didn't even think about my bride's maids.
19:58
Speaker 4: And maybe as a bride, you could take that step
20:01
Speaker 4: and have a chat with your bridesmaids about what that's
20:03
Speaker 4: actually going to cost them. And I think the same
20:05
Speaker 4: goes for grooms men as well, because suits and ties
20:08
Speaker 4: and brand new patent leather shoes are really expensive. So
20:12
Speaker 4: I think that to take a step back from the
20:14
Speaker 4: wedding being your wedding for a second and realizing how
20:17
Speaker 4: am I actually going to impact other people whilst facilitating this,
20:21
Speaker 4: especially if you're having a destination wedding, is really important.
20:28
Speaker 3: And now it's time for my favorite segment, the money
20:30
Speaker 3: diary segment.
20:31
Speaker 1: Let's go. Today's money Diary is from twenty one and considered.
20:38
Speaker 7: I am always thinking.
20:39
Speaker 6: I'm very prone to overthinking and stressing a little bit,
20:43
Speaker 6: but money has definitely been a source.
20:45
Speaker 7: Fore I'm like, no, I need to know what I'm doing, so.
20:48
Speaker 6: I make sure that I think about all the ways
20:50
Speaker 6: that it can impact what I'm doing and then sort
20:52
Speaker 6: of make the decision based on how it's going to
20:55
Speaker 6: impact me down the road or try to. So I'm
20:57
Speaker 6: the eldest of five and grubbiness, so like, there's not
21:01
Speaker 6: a lot of job opportunities there, but I've been working
21:04
Speaker 6: since I was twelve because there's not a lot of
21:06
Speaker 6: opportunities for older people, but they need people who can
21:09
Speaker 6: work for not a lot of money. It's not it's
21:11
Speaker 6: like pretty easy to be dodgy. So yeah, I've sort
21:14
Speaker 6: of had like probably ten jobs and only twenty one,
21:16
Speaker 6: so lots of jobs. But my mum is a school
21:20
Speaker 6: principal and my dad's sort of just like a labor,
21:22
Speaker 6: a handyman kind of guy, and their experience with money,
21:27
Speaker 6: They've definitely given us an amazing life. Like, I'm so
21:30
Speaker 6: grateful to my parents, but they had like a lot
21:33
Speaker 6: of credit card debt and lots of fights about money
21:36
Speaker 6: and they're divorced now, but like it was very much
21:39
Speaker 6: a sticking point for something that was to be concerned about,
21:41
Speaker 6: and I didn't want that for myself. It's like no
21:43
Speaker 6: credit cards, no credit where I can help it at all,
21:48
Speaker 6: Like trying to avoid that situation entirely.
21:50
Speaker 3: We know twenty one considered is the kind of empowered
21:52
Speaker 3: woman who knows where she wants to go. So how
21:55
Speaker 3: much does she earn and how much has she got saved?
21:57
Speaker 7: Oh?
21:57
Speaker 6: I just did my tax was like thirty five thousand. Yeah,
22:00
Speaker 6: So I'm studying full time doing primary teaching. My savings
22:03
Speaker 6: account at the moment is actually pretty drained because I
22:07
Speaker 6: have had a lot of job changeovers this year, not
22:10
Speaker 6: of my own volition. So I was working at a
22:15
Speaker 6: cupcake shop, which I loved for three years, and then
22:17
Speaker 6: decided to leave to get a new job and I
22:19
Speaker 6: wanted to try some new things, and then I ended
22:22
Speaker 6: up starting nannying and that just sort of went south
22:26
Speaker 6: really quickly, and I had to get out of that.
22:27
Speaker 6: It was a little bit hostile, so I got out
22:29
Speaker 6: of that as quick as I could and just send
22:32
Speaker 6: like one hundred resumes out trying to find a job.
22:35
Speaker 6: So I ended up having periods of not being working
22:39
Speaker 6: for like three weeks but twice, and that really hit
22:42
Speaker 6: my savings. So right now I only have about thirteen
22:44
Speaker 6: hundred dollars, but I've got all my deals paid, so
22:46
Speaker 6: I'm not too stressed about that.
22:48
Speaker 3: So we know how twenty one and considered gets paid,
22:50
Speaker 3: but what exactly happens to that money after it's deposited
22:52
Speaker 3: into her account.
22:53
Speaker 6: I've recently changed it so at my school working before
22:57
Speaker 6: school and after school care and I get thirty dollars
22:58
Speaker 6: an hour there as a kai, I work in retail
23:02
Speaker 6: and get twenty six dollars an hour there, and that's
23:04
Speaker 6: casual as well, and I've only just started, so my
23:06
Speaker 6: hours are fluctuating a lot. And then I've just started
23:09
Speaker 6: work as a life assistant, which is part time, and
23:11
Speaker 6: I get twenty two dollars an hour there. So it
23:14
Speaker 6: all comes into one of the big big four banks,
23:16
Speaker 6: which I closed. All my other sub accounts off recently,
23:19
Speaker 6: and so then I transfer into IG for Spending because
23:23
Speaker 6: it's got low fees and I can structure it.
23:25
Speaker 7: How I want within the app.
23:27
Speaker 6: And then I transform my savings to up banking because
23:30
Speaker 6: it's got cute little emojis and savings skulls and stuff.
23:33
Speaker 7: So I've got it sort of separated.
23:35
Speaker 6: And then IG's linked to my phone and I watch
23:38
Speaker 6: for Apple Pay because I found that I was spending
23:40
Speaker 6: pretty readily on just like frivolous stuff, especially food, when
23:44
Speaker 6: I had all of my money there, so I changed
23:46
Speaker 6: it over and now I feel like I'm a little
23:48
Speaker 6: bit more in control. So I have rent which is
23:51
Speaker 6: five hundred and thirty dollars a month, and I share
23:53
Speaker 6: house with.
23:54
Speaker 7: Four other people, so I've got like a big house.
23:55
Speaker 6: It's really nice. My best friend, my boyfriend, my brother
23:57
Speaker 6: and his best friend. So it was like very much
23:59
Speaker 6: like current, it's really nice. I have my friend bill,
24:02
Speaker 6: which is about eighty dollars a month. I have contents
24:05
Speaker 6: insurance with just sixty six dollars a month, electricity and
24:08
Speaker 6: gas which is probably about one hundred and fifty dollars
24:11
Speaker 6: a month all together. But we've just moved, so that's
24:14
Speaker 6: still sort of I'm getting my head around exactly how
24:17
Speaker 6: much comes. Oh, I have gym, which is thirty dollars
24:19
Speaker 6: a fortnite. I have Internet is thirty dollars a month each.
24:24
Speaker 6: I'm in charge of all the money at home, so
24:25
Speaker 6: I have to like contact everyone and be like, Hey.
24:27
Speaker 7: Send me this money, send me this money, send me
24:29
Speaker 7: this money.
24:30
Speaker 1: How does twenty onden considered go with investing?
24:32
Speaker 6: Though I don't invest yet, But at the start of
24:34
Speaker 6: the year, I sat down and made like a really
24:36
Speaker 6: detailed goals list of what I wanted to do in
24:38
Speaker 6: twenty nineteen, and I had money goals, like specifically, and
24:41
Speaker 6: one of them wants to invest five thousand dollars in
24:43
Speaker 6: the share market. But I haven't actually been able to
24:45
Speaker 6: do that yet because of all of the unexpected life stuff.
24:49
Speaker 6: So I've restructured my goals and I would like to
24:51
Speaker 6: have one thousand dollars in by the.
24:52
Speaker 7: End of this year.
24:53
Speaker 1: And what about her debts.
24:54
Speaker 5: I do have a.
24:55
Speaker 6: Hextet and by the time I graduated, it'll be about
24:57
Speaker 6: fifty thousand dollars because I'm doing teaching, which four years,
25:00
Speaker 6: and I did psychology for a year and then had
25:03
Speaker 6: a semester where I didn't end up completing ex had
25:05
Speaker 6: back surgery, so got HEX for that one. And then
25:09
Speaker 6: I owe my dad eight hundred dollars, which I know
25:12
Speaker 6: is like privileged to be out of Barron money from
25:14
Speaker 6: her parents. But I did a six week placement this year.
25:17
Speaker 6: With teaching, you have to do four weeks of placement
25:19
Speaker 6: per year, and it's unpaid full time work and when
25:23
Speaker 6: cywork at a school, so I couldn't do both at
25:25
Speaker 6: the same time. So lots of people have no work
25:28
Speaker 6: at all for four weeks unless they have weekend jobs
25:30
Speaker 6: in which you're going from working full time to doing
25:32
Speaker 6: additional hours. So it really sucks, and you spend all
25:36
Speaker 6: of your money, and then you have to be most
25:38
Speaker 6: of the time spending money on resources as well to
25:40
Speaker 6: use at the school and gifts for your placement mentors
25:44
Speaker 6: and gifts for your class, and it's just such a
25:46
Speaker 6: drain financially, and I think it's definitely something that a
25:49
Speaker 6: lot of different degrees need to think about because there's
25:52
Speaker 6: so many like even health people have to go on
25:54
Speaker 6: like six weeks on paid placement or eight weeks.
25:56
Speaker 7: It's ridiculous. So, yeah, that always strains my money.
26:00
Speaker 6: Something I have to be really considered of, Like every April,
26:02
Speaker 6: I know I won't earn any money because I'll just
26:04
Speaker 6: be on placement the whole time. I owned my dad
26:06
Speaker 6: eight hundred dollars for regro and he loaned me four
26:08
Speaker 6: hundred dollars because it was after placement and I just
26:11
Speaker 6: about to start a new job, so I had a
26:13
Speaker 6: time where I wasn't working at all and had just
26:15
Speaker 6: not earned money for six weeks. I owed the government
26:19
Speaker 6: two thousand dollars because I clicked a wrong box when
26:22
Speaker 6: I started my second job and got tax ree threshold
26:26
Speaker 6: for two jobs. So I just did my tax and
26:29
Speaker 6: I was really scared about it and actually didn't do
26:31
Speaker 6: it till I was listening to ches on the Money
26:33
Speaker 6: and someone called in saying it and I was like,
26:34
Speaker 6: oh my god, Okay, I need to do it. So
26:37
Speaker 6: I finally did it all and I owned the two
26:39
Speaker 6: thousand dollars. But I'm going on a payment plan for that,
26:41
Speaker 6: and so I'm not stressed about it at all.
26:43
Speaker 7: It's like ninety dollars a fortnight.
26:44
Speaker 6: It's totally achievable, and it's like ninety dollars in interest
26:48
Speaker 6: over a year, so I'm more than happy to pay it,
26:50
Speaker 6: and it's not actually going to be noticeable because I
26:53
Speaker 6: just finished paying, like literally today, a fifteen hundred dollars
26:56
Speaker 6: send a linked debt because I got sent a link
26:59
Speaker 6: when I wasn't working as much when I first moved
27:01
Speaker 6: out of home and they overpaid me, so I had
27:03
Speaker 6: to pay them back fifteen hundred dollars. So I did
27:06
Speaker 6: that over a year as well, because that had no interest.
27:08
Speaker 6: So that was seventy five dollars fortnights. This is just
27:10
Speaker 6: fifteen dollars extra.
27:11
Speaker 3: So does twenty one and considered have any good money habits,
27:14
Speaker 3: She's especially proud of.
27:15
Speaker 6: My best money habit is that I'm organized. I always
27:18
Speaker 6: know what's happening. I know when my deals with you,
27:20
Speaker 6: I know when I know how much I'm earning. I
27:22
Speaker 6: know what I'm doing now I understand a lot more
27:25
Speaker 6: about like the paperwork involved with working. So I've definitely
27:29
Speaker 6: learned a lot. But yeah, i'd say I know what
27:31
Speaker 6: I'm doing, which I.
27:32
Speaker 7: Think is a strength.
27:33
Speaker 1: And what about her worst money habit?
27:35
Speaker 7: Food? Food is so bad.
27:37
Speaker 6: I spend so much money on groceries, and like I
27:40
Speaker 6: will be like, oh, I'm going to meal plan and
27:41
Speaker 6: then i won't like what the what I've decided to
27:44
Speaker 6: meal plan, or I'll be really tired after work and
27:47
Speaker 6: be like, oh, let's just get ubery.
27:48
Speaker 7: It's like, spend so much money on food, so much money?
27:52
Speaker 3: So what's twenty one and considered actually saving for what's
27:55
Speaker 3: her big money goal?
27:56
Speaker 6: My big savings goal at the moment is just twenty
27:59
Speaker 6: twenty general because it's going to be a huge year.
28:02
Speaker 6: So my best friend who've lived with for four years
28:04
Speaker 6: is moving in Indonesia for the year and I've promised
28:06
Speaker 6: her visit at least once, if not twice ideally, so
28:09
Speaker 6: flights to Bali are pretty cheaped, so hopefully I'll be
28:11
Speaker 6: able to manage that. But I have to go during
28:13
Speaker 6: school holidays because of work. And one of my friends
28:17
Speaker 6: is getting married in June in Queensland and has asked
28:19
Speaker 6: me to be a bridesmaid, so that is an expensive
28:22
Speaker 6: process as well as a bridesmaid. The only thing I
28:24
Speaker 6: really have to pay for is my dreads, which is
28:26
Speaker 6: about three hundred dollars because we're buying through White run
28:29
Speaker 6: Away and got a discount. And I have to pay
28:33
Speaker 6: for flights and accommodation, but the bride is paying for
28:36
Speaker 6: hair and makeup and most of the other stuff. And
28:39
Speaker 6: then I think the other bridesmaids and I are going
28:41
Speaker 6: to organize the hen's party, so I'm not sure how
28:43
Speaker 6: much that'll be.
28:43
Speaker 3: So how would today's money DIRESTI rate her own relationship
28:46
Speaker 3: with money? If we forced her to give herself a grade.
28:48
Speaker 6: I think I give myself a C. The one thing
28:51
Speaker 6: I could really do better. I say that I'm organized,
28:53
Speaker 6: but I also lead things to the last minute because
28:55
Speaker 6: I'm a procrastinator. So I know that my bills will
28:58
Speaker 6: do on the twenty second, but I won't pay them
28:59
Speaker 6: till twenty second. It's just like a stupid habit. And
29:03
Speaker 6: definitely my debt's just sort of being I guess a
29:06
Speaker 6: little bit uneducated on what I meant to do. I
29:08
Speaker 6: think was a weakness, but I think overall, I'm pretty strong.
29:13
Speaker 6: I know what i'm doing, I know how much I'm earning,
29:15
Speaker 6: I know where it's going and what I'm going to
29:17
Speaker 6: do with it. So yeah, I think see maybe a
29:19
Speaker 6: C plus if I'm feeling generous.
29:22
Speaker 3: Victoria, I've been watching you enthusiastically write down notes this
29:26
Speaker 3: whole time.
29:26
Speaker 1: Do you have thoughts?
29:27
Speaker 4: I have a lot of notes, and I think it's
29:29
Speaker 4: just because I have a lot to say on this.
29:31
Speaker 4: I think she's doing really well for her age and
29:33
Speaker 4: for her stage, and for the situation she's been in
29:36
Speaker 4: especially recently, she's doing really well. I think it comes
29:39
Speaker 4: back to why we have a rainy day fund and
29:41
Speaker 4: why we have savings. The fact that she could say, look,
29:44
Speaker 4: I had a couple of job changeovers and it wasn't
29:47
Speaker 4: my fault, but I was able to pay for things
29:48
Speaker 4: out of my savings account. And whilst you know, she
29:51
Speaker 4: said she only has thirteen hundred dollars still in savings.
29:54
Speaker 4: That's a fantastic number still, but on periods of non employment,
29:58
Speaker 4: that's where things like this kick in. Like we're all
30:00
Speaker 4: on different journeys. We're not just saving so that we
30:02
Speaker 4: can keep all of our money in a bank. A
30:04
Speaker 4: rainy day fund is actually for a rainy day, and
30:06
Speaker 4: a rainy day is when you're not employed. So I
30:09
Speaker 4: think it's important to acknowledge that, you know, having that
30:11
Speaker 4: fund has been what's kept her on her feet during
30:14
Speaker 4: that period of time, and for that, I think she's
30:16
Speaker 4: pretty lucky that past her has planned for future her,
30:20
Speaker 4: which is really nice. I think there are a couple
30:22
Speaker 4: of things, and there were mainly notes that I took.
30:24
Speaker 4: So the first thing I took a note on was
30:27
Speaker 4: how excited I was that she had checked her tax
30:30
Speaker 4: free threshold and checked her scent Link debts and realized
30:33
Speaker 4: that there are things that she needed to change. I
30:36
Speaker 4: think we can all take something from that, and we
30:37
Speaker 4: can all check our tax details for our employment and
30:40
Speaker 4: make sure that we haven't checked the wrong tax free
30:44
Speaker 4: threshold box. I think we can also if we have
30:47
Speaker 4: had sent Link, just check in on that and make
30:49
Speaker 4: sure that we don't have any debts. And while we're
30:51
Speaker 4: at it, guys, check your super make sure that you
30:54
Speaker 4: have one account and not many fritted across the entire universe,
30:58
Speaker 4: and make sure they're all up and run.
31:00
Speaker 5: So I also really loved that she said she was
31:03
Speaker 5: using up bank.
31:04
Speaker 4: So I've recently got to know what upbank is about,
31:06
Speaker 4: and they're really cool.
31:08
Speaker 1: So I've seen it in the Facebook group.
31:11
Speaker 4: Yeah, so the Facebook group is going nuts, and so
31:12
Speaker 4: I did some research on what upbank was and I
31:16
Speaker 4: really like it. A lot of the group has been
31:18
Speaker 4: talking about ing and the thing I like about up
31:21
Speaker 4: bank is you actually get two point five percent on
31:23
Speaker 4: all of your savings accounts, whereas in the ing bank
31:26
Speaker 4: you actually only get it on one savings account, and
31:29
Speaker 4: I think people who were a little bit cloudy about
31:31
Speaker 4: the other accounts that you get interest on, So like,
31:33
Speaker 4: any interest is good interest, so that's a bonus. I
31:36
Speaker 4: also really liked that she said that she was good
31:39
Speaker 4: at chasing people up for money.
31:41
Speaker 1: That's very important.
31:42
Speaker 4: Yeah, So I think that that's important because I am
31:44
Speaker 4: very guilty of not chasing people up when they owe
31:47
Speaker 4: me things. But I also think she could implement a
31:50
Speaker 4: system like using an app like split Wise.
31:52
Speaker 1: I love it.
31:53
Speaker 4: I love split Wise.
31:54
Speaker 1: Traveling with split wiics is amazing when you're with friends, Yes.
31:56
Speaker 4: And if you've got a share house, it's fantastic to
31:58
Speaker 4: just pop on there that you were the one I
32:00
Speaker 4: bought the toilet paper, so that next time someone buys paper,
32:03
Speaker 4: towel or wind x, it just gets taken off that
32:06
Speaker 4: and there's no you owe me this, you owe me that.
32:08
Speaker 4: It's just a clean and tally and you no longer
32:10
Speaker 4: have to have those conversations about small things. Whilst I
32:13
Speaker 4: love that she's having these money conversations, I think it's
32:17
Speaker 4: also nice to sometimes save ourselves from having really small,
32:20
Speaker 4: mundane money conversations where you owe me three dollars and
32:23
Speaker 4: I owe you for.
32:24
Speaker 1: Yeah, exactly.
32:25
Speaker 3: And that is all for today, guys. And also it's
32:28
Speaker 3: a wrap for season one of She's on the Money.
32:29
Speaker 4: I cannot believe it, Annabelle, what.
32:31
Speaker 1: If we doe so much? It's gone so quickly?
32:34
Speaker 4: Though?
32:34
Speaker 1: Do you have a favorite episode? I do.
32:36
Speaker 4: I think it's still number one. I think I still
32:38
Speaker 4: am in love with Money Stories.
32:40
Speaker 1: It really I think.
32:41
Speaker 4: That that's the one that has I think had the
32:44
Speaker 4: most impact on people's lives. It is the one that
32:46
Speaker 4: I get the most positive feedback about, and I think
32:49
Speaker 4: it's the one that we can all start from. I
32:52
Speaker 4: absolutely love everything that Money Stories has to share with people,
32:55
Speaker 4: and I think that other people do too, and that
32:57
Speaker 4: makes me really really happy. I actually believe that twelve
33:01
Speaker 4: weeks has flown by so quickly.
33:03
Speaker 3: I love how Money Stories have come back. It's been
33:06
Speaker 3: like a recurring feature in every episode. I never knew
33:09
Speaker 3: that was so important.
33:10
Speaker 4: Everything that we have done has come back to a
33:12
Speaker 4: Money Story, and that's because we are ingrained that way.
33:16
Speaker 4: We need to know where we started from so that
33:18
Speaker 4: we know where we're going and if we don't know
33:20
Speaker 4: where that start point is, it is really really hard
33:22
Speaker 4: to make changes. And I think that us acknowledging our
33:25
Speaker 4: stories and the journey that we've been on has been
33:28
Speaker 4: why She's on the Money has impacted so many people's
33:31
Speaker 4: lives so quickly and in a way that I never
33:34
Speaker 4: saw coming.
33:35
Speaker 3: We'll be back, but in the meantime, please keep in
33:37
Speaker 3: touch with us via the Facebook group. It's growing every day.
33:40
Speaker 3: How many are we at.
33:41
Speaker 4: No, I think we're at nearly twenty people in this group,
33:44
Speaker 4: which is crazy, and I'm so excited to have such
33:47
Speaker 4: an engaged and supportive community that literally helps each other grow.
33:52
Speaker 4: It's incredible, so incredible.
33:54
Speaker 3: So just before we head off, as always, let's quickly
33:57
Speaker 3: wrap the boring but important stuff. The advice shared on
34:00
Speaker 3: She's in the Money is general in nature and does
34:01
Speaker 3: not consider your individual circumstances. She's on the Money exists
34:05
Speaker 3: purely for educational purposes only and should not be relied
34:07
Speaker 3: upon to make an investment or a financial decision, and
34:10
Speaker 3: of course we promise. Victoria Divine is an authorized representative
34:14
Speaker 3: of Consultant Financial Advisors Proprietary Limited ABN sixty five double
34:18
Speaker 3: six three seven three double nine five afsl two three
34:21
Speaker 3: oh three two three. I have said that twelve times.
34:24
Speaker 4: And you've gotten better and better every single time. So,
34:29
Speaker 4: as I mentioned before, our Facebook group is growing and
34:32
Speaker 4: I would so love for you to join us there.
34:34
Speaker 4: We share weekly money tips and tricks free of judgment.
34:37
Speaker 4: Search She's on the Money on Facebook and join us.
34:40
Speaker 4: If Facebook's not your thing, you can also keep in
34:42
Speaker 4: touch with us on Instagram where She's on the Money aus.
34:46
Speaker 3: This podcast has been a production of Shameless Media on
34:48
Speaker 3: behalf of She's on the Money.
34:50
Speaker 1: Thanks for joining us, guys, see you soon.