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Hear Me Out, I Wanna Buy A Horse... And A House · She's On The Money

0:00
Speaker 1: My name is Natasha Bamblett. I'm a proud First Nations
0:02
Speaker 1: woman and I'm here to acknowledge country. Hello, beautiful friends.
0:08
Speaker 1: We gather on the lands of the Aboriginal people. We thank,
0:13
Speaker 1: acknowledge and respect the Aboriginal people's land that we're gathering
0:17
Speaker 1: on today Take pleasure in all the land and respect
0:33
Speaker 1: all that you see. She's On The Money podcast acknowledges culture, country,
0:38
Speaker 1: community and connections. bringing you the tools, knowledge and resources
0:43
Speaker 1: for you to thrive.
0:44
Speaker 2: She's on the money.
0:46
Speaker 3: She's on the money. Hello and welcome to She's on
0:53
Speaker 3: the Money, the podcast where we usually cover issues related
0:56
Speaker 3: to your personal wealth goals so you can feel more
0:58
Speaker 3: in control of your financial future. But on this occasion,
1:01
Speaker 3: we'll make an exception. It is Friday during this time,
1:04
Speaker 3: which means that we are swapping some serious money talks
1:07
Speaker 3: for something a little more laid back. You can expect
1:09
Speaker 3: casual yaps about finance-adjacent topics, dilemmas from the community, plus
1:14
Speaker 3: a question of the week to help you get to
1:15
Speaker 3: know us a little bit better. Now, just the two
1:18
Speaker 3: of us today, I, of course, am Jess, your co-host,
1:21
Speaker 3: partnerships manager, and all-round sweet treat seeker. And I'm joined
1:25
Speaker 3: by our multidisciplinarian, ceramic explorer, and best-ever bargain hunter, Bec Sayed.
1:31
Speaker 3: Thank you, Jess. You're so welcome. That's gorgeous. Thanks, Jess. Now,
1:35
Speaker 3: we're just kicking the can around today, the two of us.
1:37
Speaker 4: Yes, I love kicking the can with you.
1:40
Speaker 3: Anytime, anytime. Victoria is away, but of course, we'll be
1:43
Speaker 3: doing our best. Now, be honest, have you ever enjoyed
1:47
Speaker 3: something every day, say an instant coffee, only to realise
1:52
Speaker 3: you've been making it wrong the whole time?
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Speaker 4: Oh, interesting. Probably.
1:56
Speaker 3: I feel we've all had that experience. I have it
2:00
Speaker 3: on good authority that today's question of the week may
2:02
Speaker 3: be about to be one of those things.
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Speaker 4: Okay.
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Speaker 3: Now, we'll also be chatting a little bit later about
2:07
Speaker 3: the temptation of buy now, pay later arrangements and how
2:10
Speaker 3: they might not be the solution that they seem and
2:13
Speaker 3: whether we can justify spending money on an expensive hobby.
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Speaker 4: Okay.
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Speaker 3: All this and more right after the break. Welcome back.
2:23
Speaker 3: I know that you are dying to hear the question
2:25
Speaker 3: after that tantalizing little tidbit, but I'm going to keep
2:28
Speaker 3: the suspense going a little bit longer by sharing a
2:31
Speaker 3: five-star review.
2:32
Speaker 4: Okay, cool.
2:32
Speaker 3: Each week, we turn to our podcast streaming platforms to
2:35
Speaker 3: see if anyone's left us love in the form of
2:37
Speaker 3: a verbal pat on the back for an episode well done.
2:40
Speaker 3: And let's just say you guys have never let us down.
2:43
Speaker 3: This week's review comes from a Jess. Fantastic name. Okay, gorgeous.
2:47
Speaker 3: Just in a week. Who said, I only discovered she's
2:51
Speaker 3: in the money recently, but I wish I'd found it
2:53
Speaker 3: years ago. As a single mom, taking control of my
2:56
Speaker 3: finances has felt overwhelming at times, and this podcast has
2:59
Speaker 3: completely changed how I think about money. Instead of feeling
3:02
Speaker 3: intimidated by investing in financial literacy, I feel empowered and
3:06
Speaker 3: genuinely excited to learn more. Victoria and the team have
3:09
Speaker 3: a way of explaining things that make you feel capable
3:11
Speaker 3: and not judged. Every episode leaves me feeling a little
3:14
Speaker 3: more confident about creating a secure future for myself and
3:17
Speaker 3: my kids. Thank you for making the finances accessible, relatable,
3:22
Speaker 3: and something I actually look forward to learning about.
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Speaker 4: Beautiful. Thank you so much.
3:28
Speaker 3: It makes my heart so warm every time we get
3:30
Speaker 3: to read one of those. It's such a joy to
3:32
Speaker 3: know that, you know, just sitting down and having a
3:34
Speaker 3: little yap has been able to help people in some way.
3:37
Speaker 3: I know that that's a journey that we've both been
3:39
Speaker 3: on and it's amazing to hear that you guys are
3:41
Speaker 3: on it as well. So Jess, thank you so much
3:43
Speaker 3: for sharing your review and for letting us to be
3:45
Speaker 3: a part of that journey. We're so thrilled to hear
3:47
Speaker 3: that you're on your way to creating a secure future
3:49
Speaker 3: for yourself and your family. And we If, like Jess,
3:52
Speaker 3: our pod has made a positive impact on your life,
3:54
Speaker 3: please leave a review for the She's On The Money
3:56
Speaker 3: podcast wherever you tune in.
3:58
Speaker 4: Beautiful.
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Speaker 3: Would you like to get a question of the week? Yeah. Oh, yeah.
4:01
Speaker 3: This one might be divisive. Okay. I was a little
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Speaker 3: shocked when I read it. It comes from Courtney who asks,
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Speaker 3: how do you make a cold Milo? A, hot water
4:13
Speaker 3: first to melt it all together. Okay. Then top it
4:16
Speaker 3: up with milk. Or B, just milk, eat the Milo,
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Speaker 3: drink the milk.
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Speaker 4: Hot water first? Where's the hot water coming in?
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Speaker 3: Water at all.
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Speaker 4: Water at all.
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Speaker 2: Eat a Milo.
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Speaker 3: Also, may I just say, potentially contentious, I don't really
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Speaker 3: drink a Milo broadly.
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Speaker 1: Yep.
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Speaker 3: But if I am, I'm not drinking it cold.
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Speaker 4: Okay, okay. But you've had it cold before.
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Speaker 3: I've had it cold. Dairy and I don't always agree.
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Speaker 5: Yes.
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Speaker 3: Depending on the day. And so I like to be
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Speaker 3: selective with what dairy I'm going to tolerate or not tolerate.
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Speaker 3: A Milo to me doesn't rank in the list. What
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Speaker 3: about a cold soy milk Milo?
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Speaker 4: Delicious.
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Speaker 3: You know what? I never thought about putting in an
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Speaker 3: alternative milk. Isn't that weird? That is weird.
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Speaker 4: Not weird, but it is interesting.
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Speaker 3: Not weird, but a little bit.
5:04
Speaker 4: But it's so funny that we think that like there
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Speaker 4: are some things we just assume have to have dairy milk,
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Speaker 4: like cereal or something. But it's like cold soy milk.
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Speaker 3: Delicious. Could do the job. Maybe try that.
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Speaker 4: It's gorgeous. Has to be bonsai. No offense. Courtney, thank
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Speaker 4: you so much. Hot water is not in my future.
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Speaker 3: Not in my repertoire.
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Speaker 4: It's not in my repertoire, but if I am making
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Speaker 4: a cold Milo, I'm putting the Milo in first and then... Oh,
5:33
Speaker 4: this is a good question. Milo or milk first? Well,
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Speaker 4: I'm putting Milo first and then the milk. And then
5:38
Speaker 4: in an ideal world, I would have some sort of
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Speaker 4: cocktail shaker, you know? And then it'd get a bit
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Speaker 4: like frothy. Oh my God, delicious. But if it's a
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Speaker 4: hot Milo, then it's going straight into a pot. And
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Speaker 4: I'm mixing, mixing, mixing until there's no chunks left, which
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Speaker 4: I know is crazy because the chunks are the best bit.
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Speaker 4: In a pot, not in a microwave. Not in a microwave.
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Speaker 3: Wow, that's fancy.
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Speaker 1: I know.
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Speaker 4: It's because Milo has to be treated with respect, a
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Speaker 4: certain level of respect. And it is funny because in
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Speaker 4: any way, no matter how you make it, it's going
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Speaker 4: to be perfect. It's going to be delicious and perfect.
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Speaker 3: Do you like to eat it out of the tin?
6:10
Speaker 3: I did used to love to eat it out of
6:12
Speaker 3: the tin when I was a kid. You know what
6:14
Speaker 3: else I do rate? If you have one of those
6:16
Speaker 3: little milk frothers, like the spinning ones. Yes, I love those.
6:20
Speaker 3: Not the stick ones, but like the little, no, the little,
6:22
Speaker 3: it's like a cup shape almost with a lid on it.
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Speaker 4: Oh, yes.
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Speaker 3: And you make frothy milk that way. Ira can just
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Speaker 3: chuck the Milo in.
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Speaker 4: Yes.
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Speaker 3: Into the frothy milk. Agreed. It's going to be hot,
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Speaker 3: but then I think it's going to be like a delicious, foamy, chocolatey.
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Speaker 4: Yes.
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Speaker 3: Little something something.
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Speaker 4: That's actually a great idea.
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Speaker 3: That's what I would do.
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Speaker 4: They're very scary, those things. It's going to pop out
6:43
Speaker 4: the top.
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Speaker 3: Yeah, like if you don't put the lid on properly,
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Speaker 3: it's going to go everywhere. It's going to go everywhere. Yeah.
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Speaker 4: But the little stick one is like two bucks.
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Speaker 3: Probably would do a good job too.
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Speaker 4: Absolutely. Probably maybe better.
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Speaker 3: And you can do it for the cold as well.
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Speaker 5: Let us know.
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Speaker 3: Hot or cold Milo? Yes. Milo or milk first?
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Speaker 2: Mm-hmm.
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Speaker 4: And hot water.
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Speaker 3: I feel that that might be unique to Courtney. I
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Speaker 3: don't know if anybody else is putting water in their Milo,
7:04
Speaker 3: but let us know.
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Speaker 4: I appreciate that, though. I can understand the thought behind it,
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Speaker 4: but you don't need it, okay?
7:10
Speaker 3: Get rid of it. Could we be doing things differently?
7:12
Speaker 3: Can you top it? Comment on Spotify. Let us know
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Speaker 3: how you do it. Elite Milo tips only, please.
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Speaker 1: Please.
7:18
Speaker 3: Speaking of elite, though, there are some money wins that
7:21
Speaker 3: we've been celebrating this week.
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Speaker 2: Yes.
7:23
Speaker 3: That I would love to share with you. Before we
7:24
Speaker 3: do get into the money wins, I have a very
7:26
Speaker 3: exciting announcement to share. Oh, my God.
7:27
Speaker 1: What is it?
7:28
Speaker 3: So the money wins are now going to be brought
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Speaker 3: to you by our friends at Revolut, which is so exciting.
7:33
Speaker 3: If you haven't heard of them before, they've just launched
7:36
Speaker 3: banking services in Australia. You might've heard they have the
7:39
Speaker 3: card that you can use internationally, which is incredible. Yes.
7:42
Speaker 3: You're looking like they sound familiar. That would be why.
7:44
Speaker 4: They do.
7:45
Speaker 3: But the new banking platform is fantastic for a couple
7:47
Speaker 3: of reasons. The first is If you use the link
7:49
Speaker 3: that is in the show notes, you'll get yourself a
7:52
Speaker 3: lovely $ 40 bonus for signing up, creating an account, and
7:56
Speaker 3: spending your first dollar. Oh, my God. Okay. $ 40. Who
8:00
Speaker 3: would say no to that? But the bigger thing that
8:02
Speaker 3: I think people are going to be excited about and
8:03
Speaker 3: the thing that really excited me, the interest is paid now. daily.
8:08
Speaker 6: We've seen a lot of conversation in the Facebook group
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Speaker 6: lately about a bank that will not be named that
8:15
Speaker 6: made changes to their high interest policy, which meant that
8:18
Speaker 6: if you withdraw money from an account, all of a
8:21
Speaker 6: sudden that interest rate plummets to one point something percent.
8:25
Speaker 4: I think I know.
8:26
Speaker 3: And it's really frustrating for people like me who use
8:28
Speaker 3: multiple savings accounts to budget. So the awesome thing about
8:31
Speaker 3: Revolut paying it daily is that if you were to
8:34
Speaker 3: pull that money out, you've accrued your daily interest on
8:37
Speaker 3: everything up until that point, you still receive the same
8:40
Speaker 3: rate on whatever the remaining balance is the next day,
8:43
Speaker 3: which I think is just awesome. They're a neobank. They
8:46
Speaker 3: have a lot of the same features that we all
8:48
Speaker 3: know and love.
8:49
Speaker 4: Yes. I'm kind of sold. You got us old.
8:52
Speaker 3: Use the card if you're going to sign up. Get
8:54
Speaker 3: yourself that free $ 40. We'll pop all the information in
8:57
Speaker 3: the show notes and there are some T's and C's.
9:00
Speaker 3: You can see the TMD at revolut.com.au forward slash EN
9:03
Speaker 3: dash AU. We will pop that in the show notes
9:05
Speaker 3: because that's a lot for anybody to remember. Let's get
9:08
Speaker 3: into it. Firstly, I've got one from Carola who said,
9:11
Speaker 3: I've just started work back as an independent support worker.
9:14
Speaker 3: I was only meant to have two overnight shifts, but
9:15
Speaker 3: then somebody else got sick and I picked up a
9:18
Speaker 3: third overnighter plus four hours more during the day for
9:21
Speaker 3: one as well.
9:22
Speaker 4: Oh, perfect.
9:23
Speaker 3: And from what I've heard, the overnight shifts are the
9:25
Speaker 3: ones that pay big dollars.
9:26
Speaker 4: Yeah. Yes. I think it depends, but I think it does.
9:29
Speaker 5: Yeah.
9:29
Speaker 4: And a lot of it, you're kind of sleeping, which
9:31
Speaker 4: is great.
9:32
Speaker 3: I'd love to be paid to sleep. Next, we've got
9:35
Speaker 3: a money winner from Cassidy who said, I went to
9:36
Speaker 3: cull my subscriptions because I was on the fence about Stan.
9:39
Speaker 3: I selected the don't use it enough to subscribe option
9:43
Speaker 3: upon cancelling because you know when you leave, they always
9:45
Speaker 3: want to collect the information. Why are you leaving? It's like,
9:47
Speaker 3: because I'm broke. She selected, I don't use it enough.
9:51
Speaker 3: She got three months at 50% off because of this. Great.
9:55
Speaker 3: She said, since I was on the fence, I figured
9:56
Speaker 3: I'd make the most of it, use it for the
9:58
Speaker 3: three months, and then when the discount ended... ends, sent
10:00
Speaker 3: myself a reminder to get rid of it anyway.
10:02
Speaker 4: 100%.
10:03
Speaker 3: And I mean, you never know, maybe they'll offer you another,
10:05
Speaker 3: maybe that you just perpetually will be in 50% off.
10:08
Speaker 4: Yeah, give it another go.
10:09
Speaker 3: That's the dream. Next, I've got a money win from Katie.
10:12
Speaker 3: He said, money win. I ordered two sets of drawers
10:14
Speaker 3: from Kmart. The cost to deliver one was $ 20.
10:17
Speaker 1: Okay.
10:18
Speaker 4: The cost to deliver two was $ 75.
10:19
Speaker 3: Huh. So she said, you best believe I just ordered
10:23
Speaker 3: them separately.
10:24
Speaker 4: Yeah.
10:25
Speaker 3: Which is crazy, but may I just say, if you
10:27
Speaker 3: had a one pass membership, the cost to deliver them
10:30
Speaker 3: would be free and the annual membership is $ 20.
10:34
Speaker 4: True.
10:35
Speaker 3: Just putting that out there, not sponsored, just their biggest fan.
10:37
Speaker 4: That's so true.
10:39
Speaker 3: You actually got me.
10:39
Speaker 4: I signed up the other day. Did you actually? I did.
10:41
Speaker 3: So thank you. Have you been loving it?
10:44
Speaker 5: I have.
10:44
Speaker 4: I really use it like once or twice for a
10:46
Speaker 4: Bunnings thing.
10:47
Speaker 3: Have you connected it to your Flyby's account? I have.
10:49
Speaker 2: Good.
10:49
Speaker 3: So you can see the points getting in.
10:51
Speaker 5: Yes.
10:52
Speaker 4: I need to check in on that because that's like
10:54
Speaker 4: five times a.
10:54
Speaker 3: Yeah, you have five times the points. It really sounds
10:56
Speaker 3: like an ad. It's top of mind for me because
10:58
Speaker 3: I booked my trip to New Zealand using mostly points.
11:01
Speaker 3: Oh my God. And you guys know I love the ecosystem.
11:04
Speaker 3: So I converted some of my flyby points to velocity point.
11:06
Speaker 3: It was a whole thing, but yeah. Oh my God. Points, people. Points, points, points, points, points.
11:11
Speaker 4: That's all I'm going to say.
11:12
Speaker 3: Thank you. Next, I got a money winner from Katrina
11:15
Speaker 3: who said, I cashed out one week of annual leave
11:17
Speaker 3: because my leave balance was more than 100 hours. Unfortunately,
11:20
Speaker 3: no flash holidays to look forward to, but more money
11:23
Speaker 3: for the emergency fund. Gorgeous. I always forget that's an
11:25
Speaker 3: option to cash out annual leave.
11:27
Speaker 4: I didn't know that was a thing at all. Does
11:29
Speaker 4: it depend on your job or? It might be at
11:31
Speaker 4: your employer's discretion.
11:33
Speaker 3: Obviously, when you leave a job, they have to pay
11:35
Speaker 3: it out in full, any that you've accumulated and not used.
11:37
Speaker 4: Yes.
11:38
Speaker 3: But some employers do offer it as an option because
11:40
Speaker 3: they know that government, for example, probably other industries too,
11:44
Speaker 3: they don't like you to have too much accumulated. Got you.
11:46
Speaker 3: So sometimes they might say, oh, you can either go
11:49
Speaker 3: on holiday now or we can pay it out.
11:52
Speaker 4: Got you.
11:53
Speaker 3: And I mean, if you're in a tight spot and
11:54
Speaker 3: it's something your employer offers, cashing it out might be
11:56
Speaker 3: a great thing. Yeah, gorgeous. Stephanie said money win. A
11:59
Speaker 3: customer gave me a $ 200 tip the other night.
12:02
Speaker 1: Oh.
12:03
Speaker 3: I love that. I just think if I won the lottery,
12:05
Speaker 3: that's the life I would want to live. Like I
12:07
Speaker 3: would want to just be able to tip a server
12:09
Speaker 3: a huge amount of money.
12:10
Speaker 4: Totally. I want to be one of those people that
12:12
Speaker 4: go into grocery shops and just pay people's groceries.
12:15
Speaker 3: You've seen those?
12:16
Speaker 4: Oh, yes.
12:17
Speaker 3: Anything that's like you get to just... spread the joy.
12:21
Speaker 1: Yes.
12:21
Speaker 3: A little bit. I love, I will watch a video
12:23
Speaker 3: on TikTok of that every time. Yes. Paying off the
12:26
Speaker 3: car loan of the woman who like, you know, washed
12:29
Speaker 3: my car or whatever.
12:30
Speaker 4: Oh, I love those. Oh my God.
12:32
Speaker 3: They're so good. And then lastly this week, I've got
12:35
Speaker 3: a money win from Caitlin who said, small money win,
12:38
Speaker 3: but I've been wanting a Breville pressure cooker. But even
12:40
Speaker 3: with the discount, it was going to cost me $ 250.
12:42
Speaker 3: I found one brand new, unopened on Facebook Marketplace for $ 150.
12:47
Speaker 4: Gorgeous.
12:48
Speaker 3: I love a Facebook Marketplace win. Oh my God, 100%.
12:50
Speaker 4: I really do. Speaking of Marketplace wins. Would you like
12:55
Speaker 4: to hear my broke tips?
12:57
Speaker 3: I absolutely would. Do you have a marketplace-related one?
13:00
Speaker 4: I don't.
13:01
Speaker 3: I was like, whoa, we're on the same page today.
13:04
Speaker 4: That would be insane. And I wish I did because
13:07
Speaker 4: now that doesn't make any sense at all. But as per,
13:10
Speaker 4: I have two from the community, one from myself. This
13:13
Speaker 4: one comes from Lauren Ray who says, I recently purchased
13:16
Speaker 4: a $ 300 fiddle leaf plant of Bunnings for $ 175. 00. She
13:20
Speaker 4: looked a little rough and was originally on clearance for $ 285.
13:24
Speaker 4: I simply asked if there was anything they could do,
13:26
Speaker 4: and they knocked the price down even further, which is crazy.
13:29
Speaker 4: It's like, hey, can you do anything about this? And
13:31
Speaker 4: they took another $ 110 off. Isn't that crazy?
13:34
Speaker 3: Wow.
13:34
Speaker 4: The real thing that I'm thinking of, so she separated
13:36
Speaker 4: that plant into three separate plants, and I know that
13:40
Speaker 4: on Marketplace and things like that, fiddle leaf figs especially
13:42
Speaker 4: can go for quite a lot. Oh. There's a big,
13:47
Speaker 4: nice plant for $ 175, separated into three. If you sold
13:50
Speaker 4: one of those, you're kind of making your money back.
13:52
Speaker 4: I didn't even know you could split fiddle leaf figs out.
13:54
Speaker 4: I didn't know either, and I can't picture how she's
13:57
Speaker 4: done it. So if you want to send us a photo,
13:58
Speaker 4: let us know. But I'm thinking maybe it's like a
14:00
Speaker 4: propagation of sorts. Yeah, because fiddle.
14:03
Speaker 3: Leaf figs are one stem, right, with the flowers coming off?
14:06
Speaker 4: That's what I'm thinking.
14:07
Speaker 3: That's how I imagine. So maybe it is that you
14:08
Speaker 3: just chop it and it roots from the bottom.
14:10
Speaker 4: Maybe.
14:11
Speaker 3: Or maybe it's like... Yeah.
14:13
Speaker 4: I mean, we cut the top off.
14:15
Speaker 3: The tip of the top of the pizza roll.
14:19
Speaker 4: I will Google it straight after this, but I just
14:22
Speaker 4: think that's, it's a, first of all, a money win
14:24
Speaker 4: and also a broke tip. So fantastic.
14:27
Speaker 3: Thank you so much for that.
14:29
Speaker 4: Now, the next one comes from Abby who says, the
14:31
Speaker 4: handles on our dishwasher broke, but mechanically it still worked fine.
14:34
Speaker 4: So instead of replacing the whole dishwasher or paying $ 300
14:37
Speaker 4: plus for a repair, we bought some suction handles from
14:40
Speaker 4: Amazon for $ 16 each. So it's a good reminder that
14:43
Speaker 4: things that are for functional use are not necessarily needed
14:46
Speaker 4: for the appliance to actually work. You really can just
14:49
Speaker 4: find like really cheap alternatives, like suction cup, you know,
14:52
Speaker 4: you have those things you put in shower, you suction
14:55
Speaker 4: it to the wall, like You don't need to be
14:57
Speaker 4: spending heaps of money on like renovations or whatever it is.
14:59
Speaker 4: So it's just a really good reminder. So thank you
15:01
Speaker 4: so much for that. This next one, I did read
15:04
Speaker 4: it from a community member, but it reminded me of
15:07
Speaker 4: my own one. And so Katie says that government employees
15:11
Speaker 4: have access to what is called Blue Light app, which
15:14
Speaker 4: I think is like... I have these Blue Light cards. Oh,
15:16
Speaker 4: you have this? Yeah.
15:17
Speaker 3: It's not just government. It's also frontline workers. So I
15:20
Speaker 3: say I have that. My partner's a physio. He qualifies.
15:23
Speaker 4: Yes.
15:23
Speaker 3: Nurses, teachers as well. Lots of people qualify. Amazing.
15:27
Speaker 4: So that reminded me because my friend who I live
15:30
Speaker 4: with is also a physio. She was talking about like,
15:32
Speaker 4: she said, maybe healthcare workers don't get paid well, but
15:36
Speaker 4: they do get 15% off at Eljana. So it all
15:39
Speaker 4: makes up for it. But no, it did just remind
15:41
Speaker 4: me that she had told me about a few different things.
15:44
Speaker 4: Eljana is one of them. And so I'm assuming it
15:46
Speaker 4: is from the Blue Light app. where you get discounts.
15:48
Speaker 4: Is that right? And like you get benefits for like,
15:51
Speaker 4: I suppose, like participating retailers and things like that. So
15:54
Speaker 4: if you are a frontline worker or a healthcare worker
15:58
Speaker 4: or yeah, a government worker and you haven't heard of it,
16:01
Speaker 4: check out the Blue Light app. A lot of.
16:03
Speaker 3: Places also do just do them like through their own platform.
16:05
Speaker 3: So physios I know qualify a lot of like athletic brands.
16:09
Speaker 3: Shoe brands will do up to 40% off depending on
16:11
Speaker 3: the brand. You get a discount at Lululemon, places like that.
16:16
Speaker 3: We've spoken before about Yochi does discounts for certain frontline workers. Yes.
16:20
Speaker 3: So if you do work in one of those jobs,
16:21
Speaker 3: I would highly recommend just doing a Google. I'm sure
16:24
Speaker 3: there'd be a Facebook group for it perhaps as well.
16:26
Speaker 3: But every entitlement you're entitled to, squeeze it for all
16:31
Speaker 3: it's worth, I'd say. Yes, exactly, exactly. I love it.
16:36
Speaker 4: Amazing.
16:36
Speaker 3: Well, we're going to take a quick break. And when
16:38
Speaker 3: we return, we're going to be playing this week's Money
16:40
Speaker 3: Dilemma about something we've all dreamt of. So don't go away.
16:47
Speaker 3: Welcome back, everyone.
16:48
Speaker 4: Let's take a listen to this week's Money Dilemma.
16:52
Speaker 3: Hi there.
16:53
Speaker 5: Have you got a money dilemma you just can't solve?
16:55
Speaker 5: The She's on the Money team is here to help.
16:58
Speaker 5: Every week we tackle your dilemmas, both big and small,
17:01
Speaker 5: to answer your most burning money, career and life questions.
17:04
Speaker 5: To get involved, simply head to our website and leave
17:06
Speaker 5: us a short voice recording and you might just find
17:09
Speaker 5: yourself on the show. Now let's take a listen to
17:11
Speaker 5: this week's money dilemma.
17:13
Speaker 2: Hi, she's on the money. I hope you're all doing well.
17:18
Speaker 2: I wanted to write in and ask about the cost
17:22
Speaker 2: of hobbies. I am a horse rider and I have
17:24
Speaker 2: been since I was little. I'm looking at buying a
17:28
Speaker 2: new horse soon and it could cost me anywhere between
17:32
Speaker 2: two grand and 10 grand, depending on what I go for.
17:37
Speaker 2: I really want to find something that I can keep
17:40
Speaker 2: for a long time. And when I think about cost
17:42
Speaker 2: per use, it works out pretty cheap. However, I am
17:45
Speaker 2: saving for a house or land deposit with my partner
17:49
Speaker 2: and it just feels crazy to spend that amount of
17:52
Speaker 2: money on something that is simply just a hobby and
17:55
Speaker 2: I have made it into a side hustle in the past. However,
17:58
Speaker 2: that only helps with the upkeep of the horse. But
18:01
Speaker 2: the upfront payment, I'm just struggling to decide whether that
18:05
Speaker 2: is a smart choice or not. Thanks for your help.
18:08
Speaker 4: That's really sweet. And I think that it is kind
18:10
Speaker 4: of sad, isn't it? That like there are things that
18:12
Speaker 4: bring us so much joy and we can't or don't
18:16
Speaker 4: or don't have the intention to monetize that. It's just
18:21
Speaker 4: like going to the movies or like you know, going
18:24
Speaker 4: to an arcade and it's like, oh, you might drop
18:27
Speaker 4: a couple hundred bucks here or there. to experience joy.
18:30
Speaker 4: And it's like, if it's something like this, a big hobby,
18:34
Speaker 4: you know, and I really like ceramics and I was
18:36
Speaker 4: spending so much money on that. I thought, well, I
18:37
Speaker 4: better monetize this. The second I did and people were
18:39
Speaker 4: asking for commission pieces, I hated it. I stopped doing it.
18:43
Speaker 4: And so it's like, there's this pressure to monetize the
18:46
Speaker 4: things that bring us joy so that we don't feel
18:48
Speaker 4: bad about them. But to what end? I think that
18:51
Speaker 4: if this is a hobby for you and this is
18:54
Speaker 4: something that genuinely brings you joy, something that is a
18:56
Speaker 4: passion that You know, you always hear this thing like
18:59
Speaker 4: find your passion, find things that you love, and then
19:01
Speaker 4: you'll never work a day in your life. It's like, okay, cool.
19:03
Speaker 4: What if that thing is you don't actually want to
19:05
Speaker 4: make money from that? You don't actually want to like
19:06
Speaker 4: turn it into a job that you hate. What if
19:09
Speaker 4: you just want to enjoy it? You absolutely should be
19:13
Speaker 4: allowed to. So I think that if you have a
19:14
Speaker 4: way to like budget and make sure that you're like
19:17
Speaker 4: still meeting all your goals and working toward a future
19:19
Speaker 4: that you want, then don't feel bad about it. I
19:22
Speaker 4: don't really know what your situation is, if you would
19:23
Speaker 4: be able to afford both, even if you had to
19:26
Speaker 4: push something a little bit further back, like I believe
19:29
Speaker 4: they said house and land package. If you had to
19:31
Speaker 4: do that later on, I just think like right now,
19:34
Speaker 4: if something's bringing you joy, something that like, it's not
19:37
Speaker 4: irresponsible to do things like this. It's not irresponsible to
19:40
Speaker 4: have a hobby. It's like until there was a cost
19:43
Speaker 4: of living crisis, everyone was like, oh, you've got to
19:45
Speaker 4: have hobbies. You've got to blah, blah, blah. But yeah,
19:48
Speaker 4: we can't just like pick and choose when it's a
19:50
Speaker 4: good hobby because it's like we spend money on it.
19:52
Speaker 4: I don't know how to explain it properly, but it's
19:54
Speaker 4: like this is inherently a good thing that you have
19:57
Speaker 4: a passion like this.
19:58
Speaker 3: I agree. I think it's hard because horses, that world–
20:04
Speaker 3: is significantly more expensive than your average hobby. Like we're
20:07
Speaker 3: talking about the cost per use of the horse, which
20:10
Speaker 3: is hysterical. But I love that you're thinking about it
20:13
Speaker 3: that way. But you've got obviously the upfront cost of
20:15
Speaker 3: the horse, which is several thousand dollars. Then you need
20:18
Speaker 3: to think about your ongoing costs. Where are you housing
20:20
Speaker 3: the horse? Because if you're buying a house and land package,
20:23
Speaker 3: or at least what I'm picturing, it's like a 400
20:25
Speaker 3: square blocks somewhere, lovely, probably not room for the horse
20:28
Speaker 3: in the backyard. Sure. You're going to have to pay
20:30
Speaker 3: to board it somewhere. You're going to have to pay
20:32
Speaker 3: for feed. You're going to have to pay for medical bills.
20:34
Speaker 3: There are a lot of expenses that come with the
20:37
Speaker 3: horse world specifically. Not that my knowledge is particularly extensive,
20:40
Speaker 3: but from everything that I've heard... it is quite expensive.
20:45
Speaker 3: And so it's not just that upfront cost that you
20:48
Speaker 3: have to think about. You do have to really think
20:50
Speaker 3: about those ongoing costs. Are they manageable for you? If
20:54
Speaker 3: you were to, you know, go ahead, maybe now, maybe
20:56
Speaker 3: later with the house and land package, you don't have
20:58
Speaker 3: a mortgage as well. So can you afford to pay
21:01
Speaker 3: the horse expenses, the mortgage and the house expenses that
21:04
Speaker 3: you will have? Because I think the thing with horses is,
21:07
Speaker 3: and I know it's not a traditional pet, but in
21:11
Speaker 3: some way you're still responsible for a life. And I
21:15
Speaker 3: think you need to think about the fact that you
21:18
Speaker 3: then are taking on responsibility for their caregiving. If they
21:22
Speaker 3: get sick, if they get injured, if they get pregnant,
21:26
Speaker 3: you know.
21:26
Speaker 6: Yes, true.
21:27
Speaker 3: All these things that could happen that you need to
21:31
Speaker 3: be prepared for that you're footing the bill for because
21:33
Speaker 3: you're responsible for that animal. And yes, obviously you can
21:36
Speaker 3: resell it. don't really know what the market for resale
21:40
Speaker 3: horses is either. I'm a little bit out of my
21:41
Speaker 3: depth here, but there's lots of things to factor in.
21:45
Speaker 3: I mean, I have to say you can have everything
21:46
Speaker 3: you want, just not all at once. I think like
21:48
Speaker 3: do the math, run the numbers. Can you afford to
21:51
Speaker 3: pay for everything and have an emergency fund specifically for
21:55
Speaker 3: equine related things and then a separate emergency fund for
21:58
Speaker 3: house related things? I feel like that's probably the best
22:00
Speaker 3: way to do it. And can you still achieve things
22:03
Speaker 3: on the timeline? Because I guess the other thing you
22:04
Speaker 3: have to think about is you're wanting to buy this
22:06
Speaker 3: house with your partner. Is there an ideal timeline in
22:10
Speaker 3: mind there? Because if your partner is saying, well, we're
22:12
Speaker 3: going to buy a house in the next six months
22:13
Speaker 3: and you go, well, if I spend 10 grand on
22:15
Speaker 3: buying and setting up this horse, that's going to set
22:18
Speaker 3: me back an additional nine months.
22:20
Speaker 5: Yeah.
22:21
Speaker 3: Then you're not aligning and so you need to kind
22:24
Speaker 3: of look like what that looks like on paper I
22:26
Speaker 3: think from the hobby aspect I think I completely agree
22:29
Speaker 3: hobbies are so important yeah I think it's so important
22:32
Speaker 3: that you find something that sparks joy I think it's
22:34
Speaker 3: so important that you find something that you can go
22:37
Speaker 3: and do by yourself as well like I love the
22:39
Speaker 3: idea of wherever you're going to ride, that's almost like
22:42
Speaker 3: a third space for you, which we know is really
22:44
Speaker 3: lacking for people these days. I think caring for another
22:48
Speaker 3: animal as well. Again, I know that I'm likening to
22:50
Speaker 3: a pet and it's not really a pet, but like,
22:51
Speaker 3: you know, like that is very joyful. From that side
22:55
Speaker 3: of things, I'm very pro horse. I'm very pro do it.
22:58
Speaker 3: But I do just think that I don't want you
23:01
Speaker 3: to get into a sticky situation where the upkeep that
23:04
Speaker 3: is attached to this hobby becomes overwhelming, particularly if you
23:08
Speaker 3: then have commitments to things like a mortgage. As someone
23:13
Speaker 3: who is going, you know, by the time this is live,
23:14
Speaker 3: I will have moved into my house. There are lots
23:16
Speaker 3: of additional expenses that come with moving into a house
23:19
Speaker 3: beyond that regular repayment.
23:21
Speaker 4: True.
23:22
Speaker 3: And I just want to make sure you're prepared for
23:23
Speaker 3: all of that. financially. It's a good point.
23:25
Speaker 4: It's not like something like ceramics where you can just
23:28
Speaker 4: kind of drop it and leave it. It's like it's
23:29
Speaker 4: a living thing and it has to be cared for.
23:33
Speaker 4: So that's a great point.
23:34
Speaker 3: I love to know what everybody else thinks. Your hobbies
23:36
Speaker 3: might sit pretty high up in your money values and
23:38
Speaker 3: it isn't a wild idea if it's important to you. Absolutely. Now,
23:41
Speaker 3: if you have a burning dilemma that you're just dying
23:43
Speaker 3: to have heard, please do leave us a voice note
23:46
Speaker 3: on the podcast page of our website. We listen to
23:48
Speaker 3: literally every single one and pick the juiciest to answer live.
23:53
Speaker 3: Speaking of juicy, it isn't the only way to have
23:55
Speaker 3: your dilemma answered. We do also welcome discreet DMs. Yeah, okay.
23:59
Speaker 3: Like this one I have for you. Hi, she's in
24:01
Speaker 3: the money. I thought Buy Now Pay Later was helping
24:04
Speaker 3: me budget, but I think it's actually doing the opposite.
24:07
Speaker 3: I have three Buy Now Pay Later accounts and I
24:09
Speaker 3: use them mostly for clothes, gifts, and the occasional bigger
24:13
Speaker 3: expense like flights or new tires. I always tell myself
24:16
Speaker 3: it's fine because I can afford the repayments, but now
24:19
Speaker 3: it feels like every payday half my money is already
24:22
Speaker 3: spoken for before it even hits my account. The problem
24:25
Speaker 3: is that as soon as I finish paying one thing off,
24:28
Speaker 3: I end up using the account again because it's available.
24:31
Speaker 3: I haven't missed a repayment, but I also haven't been
24:33
Speaker 3: able to properly save in over a year. Should I
24:36
Speaker 3: just rip the Band-Aid off and stop using Buy Now,
24:38
Speaker 3: Pay Later altogether and just focus on paying everything down?
24:41
Speaker 3: Or is there a way to use it responsibly without
24:44
Speaker 3: falling into the cycle?
24:45
Speaker 4: I think if Victoria was here, she would say that
24:51
Speaker 4: they're never good and we shouldn't be using them. But
24:56
Speaker 4: I think... It has come in handy in times like,
24:59
Speaker 4: you know, yes, needing new tires. There are things that
25:02
Speaker 4: just come up. And if you don't have an emergency fund,
25:04
Speaker 4: if you don't have savings, especially in this cost of
25:07
Speaker 4: living crisis. So for things like that, it actually can
25:09
Speaker 4: be very, very helpful, I find. I don't think that
25:12
Speaker 4: it's necessarily wise or necessary. a great financial choice, but
25:17
Speaker 4: we're just like regular people out here just trying to
25:19
Speaker 4: live our life. And if something comes up and you
25:21
Speaker 4: can't afford it, you don't have any fallback, you can't
25:24
Speaker 4: borrow money, then it's like, yeah, use that.
25:27
Speaker 3: It's okay.
25:28
Speaker 4: It's certainly come in handy for me before. And I
25:30
Speaker 4: actually currently am in that cycle because I didn't have...
25:33
Speaker 4: a job for a little while. And so it's kind
25:35
Speaker 4: of like paying back things that I had to use, like,
25:38
Speaker 4: you know, after pay or a mini credit card that is,
25:42
Speaker 4: you know, slowly being paid off. But it's like every pay,
25:44
Speaker 4: a lot of that money is going toward those things.
25:47
Speaker 4: This is, I'm assuming what our listener is experiencing as well,
25:49
Speaker 4: at least to some extent, you find that you don't
25:52
Speaker 4: have enough money to buy regular things like, you know, groceries.
25:55
Speaker 4: And so you're like, oh, I'll just, I'll use that again.
25:58
Speaker 4: I'll use after pay or use a credit card or
26:00
Speaker 4: use whatever, whatever it was that you just paid off.
26:03
Speaker 4: Because you used all your money to pay it off.
26:05
Speaker 4: And so if you get to a point where you've
26:06
Speaker 4: paid it all off and then every bit of money
26:09
Speaker 4: that's coming in is hopefully yours or maybe it's going
26:12
Speaker 4: to bills or rent or whatever, it just feels like
26:14
Speaker 4: a vicious cycle of paying off and then needing to
26:16
Speaker 4: use it again because you've used all that money to
26:18
Speaker 4: pay it off. I know Victoria would probably not advise this,
26:22
Speaker 4: but I'm saying you don't have to cancel it. You
26:24
Speaker 4: could have it there for an emergency. Ideally, you have
26:26
Speaker 4: an emergency fund. Mm-hmm. But in case of emergency, keep it.
26:30
Speaker 4: Just try not to use it unless you need or
26:35
Speaker 4: don't use it at all, baby. But I think, yeah,
26:38
Speaker 4: because imagine that, say, $ 400 a week or whatever it is,
26:42
Speaker 4: is going straight to savings instead of straight to afterpay
26:44
Speaker 4: or whatever it is. Then you're like, oh, I could
26:46
Speaker 4: just use this to pay for that thing, you know?
26:49
Speaker 3: What do you think?
26:49
Speaker 4: I agree.
26:51
Speaker 3: I think personally there's a very big difference between using
26:54
Speaker 3: afterpay to pay for large amounts not emergency things, but,
26:59
Speaker 3: you know, tires or groceries when you can't afford groceries
27:02
Speaker 3: versus what I'm going to guess the majority of users
27:05
Speaker 3: use it for, which is buying new clothes or buying
27:07
Speaker 3: new shoes. I have seen a number of TikToks from
27:12
Speaker 3: people who talk about how they use Afterpay to manage
27:15
Speaker 3: their cash flow. My personal opinion, and maybe this is
27:20
Speaker 3: a hot take, But my personal opinion is if you
27:23
Speaker 3: are using Afterpay to spend money that you do not
27:26
Speaker 3: yet have on things that you do not yet need,
27:30
Speaker 3: I don't think that's actually managing cash flow. Like I
27:32
Speaker 3: think that's putting yourself in debt. You're borrowing from Peter
27:35
Speaker 3: to pay Paul exactly like our listener is saying. You've
27:38
Speaker 3: spent half of next month's paycheck before that paycheck comes through. Yeah.
27:41
Speaker 3: And then you pay those things off and then you're
27:43
Speaker 3: spending the month after's paycheck.
27:45
Speaker 4: Yeah.
27:45
Speaker 3: And so I think it does become a cycle. And again,
27:47
Speaker 3: there are instances where it is a really positive thing
27:50
Speaker 3: for people who need to pay for necessities. We've all
27:53
Speaker 3: got to eat. We've all got to live. We've all
27:55
Speaker 3: got to do these things. And that I totally get.
27:57
Speaker 3: And I think... You know, buy now, pay later. If
28:00
Speaker 3: you're meeting your repayments, you're not paying interest on them,
28:04
Speaker 3: which is really positive. I think that there are instances
28:07
Speaker 3: where people maybe, you know, if you have a black
28:10
Speaker 3: tie wedding pop up and you go, well, I've got
28:12
Speaker 3: to buy a ball gown dress to wear to this
28:14
Speaker 3: black tie wedding and I don't have the cash to
28:16
Speaker 3: lay out for that upfront. To me, that makes sense.
28:20
Speaker 3: But I think a lot of the casual users are
28:22
Speaker 3: purchasing things that they don't need with money that they
28:26
Speaker 3: don't have, and they are living in a constant cycle
28:29
Speaker 3: of debt. But then they say, oh, but I'm managing
28:31
Speaker 3: my cash flow. And my personal opinion on that is, no,
28:35
Speaker 3: you're not. You're managing your debt, really. You're managing it
28:39
Speaker 3: in a way, and yes, it's not the worst way
28:40
Speaker 3: to manage it because you're not paying interest if you
28:43
Speaker 3: are making your payments, but then we know... that's how
28:45
Speaker 3: they make all their money is by people not making
28:47
Speaker 3: their repayments and then having to pay fees. And so
28:50
Speaker 3: I just think that can it be used responsibly? Yes,
28:53
Speaker 3: of course it can. But I think broadly speaking, it
28:56
Speaker 3: encourages habits and behavior that are not in the best
29:00
Speaker 3: interests of people. And so to this listener, I would
29:03
Speaker 3: say like, yes, keep it. If you're using it to
29:05
Speaker 3: spend on those bigger expenses, I think that's fine. But
29:09
Speaker 3: the clothes and things like that, let's fix our habits.
29:12
Speaker 3: Like let's build up a sinking fund that you can
29:15
Speaker 3: spend out of to buy those things. So you have
29:17
Speaker 3: the money and you're not in the trap of spending
29:20
Speaker 3: money you don't have. Because the other thing is like
29:21
Speaker 3: those after pay limits can be much higher than what
29:25
Speaker 3: your salary is. So if every month you have $ 4, 000
29:29
Speaker 3: coming in and, you know, from that, maybe you could
29:32
Speaker 3: comfortably afford to spend $ 500 on clothes, but you've got
29:34
Speaker 3: a $ 5, 000 limit on that after pay.
29:38
Speaker 4: Yeah.
29:39
Speaker 3: So all of a sudden you're doubling what you could
29:41
Speaker 3: afford to spend or tripling what you could afford to spend.
29:43
Speaker 3: And that's how people find themselves in the hole.
29:46
Speaker 4: That's a really good point, actually.
29:47
Speaker 3: So I personally, this is just my opinion, and my
29:51
Speaker 3: recommendation would be pay it down, only use it for
29:54
Speaker 3: things that you have to. If it's for non-necessity, discretionary spending,
29:59
Speaker 3: save for it, girl.
30:00
Speaker 4: Yes.
30:01
Speaker 3: You don't need it.
30:02
Speaker 4: God, she's good. What did everyone else say?
30:04
Speaker 3: Oh, let me tell you. The first thing we asked
30:06
Speaker 3: over on our Instagram was, do you use our buy now,
30:09
Speaker 3: pay later? This was lovely to read. Okay. 9% of
30:13
Speaker 3: people said yes regularly. Okay. 13% of people said occasionally. 19%
30:18
Speaker 3: of people said I used to, but not anymore. Okay. 60%
30:22
Speaker 3: of people said no, never.
30:23
Speaker 6: Really?
30:25
Speaker 3: And I'm really proud of you guys.
30:26
Speaker 4: Proud of you guys.
30:27
Speaker 3: Like I get it. Sometimes you've got to, we're not
30:29
Speaker 3: shaming anybody who does.
30:30
Speaker 2: No.
30:30
Speaker 3: But also really lovely to see that people have maybe
30:33
Speaker 3: put themselves in a position where they're able to just
30:35
Speaker 3: fund things if they need to. Next, we asked, once
30:39
Speaker 3: you've paid off a buy now, pay later purchase, what
30:41
Speaker 3: do you do? 11% of people said, I use it
30:44
Speaker 3: again straight away. 23% of people said, I wait until
30:48
Speaker 3: I genuinely need it. 20% of people said, I keep
30:51
Speaker 3: the account open, but I rarely use it. And 46%
30:54
Speaker 3: of people said, I close the account. We regularly get
30:57
Speaker 3: people posting in our Money Wins thread. I see these
30:59
Speaker 3: all the time. I always love to see them saying, oh,
31:02
Speaker 3: I paid off my afterpay and I closed it, or
31:03
Speaker 3: I paid off my zip pay and I closed it.
31:05
Speaker 4: Yes.
31:05
Speaker 3: And that's incredible. It's amazing to see. Last question we
31:09
Speaker 3: asked was, has Buy Now, Pay Later helped or hurt
31:12
Speaker 3: your financial goals? 15% of people said it's helped me
31:15
Speaker 3: to stay on track. 13% of people said it used
31:18
Speaker 3: to help, but it's holding me back. 17% of people
31:21
Speaker 3: say I constantly overspend. And 54% of people said I've
31:25
Speaker 3: never used Buy Now, Pay Later. And so I think
31:28
Speaker 3: it's really interesting. Our data, we know from that first
31:32
Speaker 3: question that 60% of the people who responded had never
31:36
Speaker 3: used buy now, pay later. And so I think that
31:38
Speaker 3: that probably does skew the outlook of those responses. I
31:43
Speaker 3: would be really interested. And I mean, like an after
31:46
Speaker 3: pay is never going to commission that kind of research
31:48
Speaker 3: from their users because it's not going to make them
31:50
Speaker 3: look good. But I would be really interested to know
31:53
Speaker 3: like a survey of regular users who what they feel
31:57
Speaker 3: like that does for them in their financial position. Like,
31:59
Speaker 3: I just would be so interested to read it. True.
32:01
Speaker 3: But of course, the last question that we asked everybody was,
32:04
Speaker 3: tell us your two cents. And we got plenty of responses.
32:09
Speaker 3: One person said, I'm really curious about the psychological differences
32:13
Speaker 3: between using buy now, pay later accounts versus using a
32:16
Speaker 3: credit card. They said in brackets, I'm thinking about points
32:18
Speaker 3: hacking as a cash flow tool. Buy now, pay later,
32:21
Speaker 3: in my experience, seems to entice more discretionary or unnecessary spending. Yeah,
32:27
Speaker 3: I agree. Which I thought was really interesting. Do you
32:30
Speaker 3: feel the same way? I think so.
32:31
Speaker 4: I think it's because of the interest part of things.
32:34
Speaker 3: You're more incentivized to pay it off because if you don't,
32:37
Speaker 3: you pay interest on a credit card. Yeah.
32:38
Speaker 4: Or like I feel less, like I feel more scared
32:41
Speaker 4: about using credit card for things than I would for like, yeah,
32:44
Speaker 4: something that doesn't have any interest. And I think too,
32:47
Speaker 4: because it's like when you go to checkout, there's the
32:49
Speaker 4: card option or there's afterpay option. It just feels like
32:53
Speaker 4: really normalized.
32:54
Speaker 3: Yeah.
32:54
Speaker 4: That's like you don't feel shameful for clicking on afterpay
32:57
Speaker 4: instead of like it just You know, it just feels
32:59
Speaker 4: like you're not shamed for it and there's something nice
33:02
Speaker 4: about that.
33:03
Speaker 3: That's so interesting. I'd love to hear other people's thoughts
33:06
Speaker 3: on that. If you're listening on Spotify, please leave us
33:07
Speaker 3: a comment. I'm super curious. Somebody else said, it can
33:10
Speaker 3: be good for emergencies if you have self-control, which I
33:13
Speaker 3: completely agree with. Someone else has said, for me, buy now,
33:16
Speaker 3: pay later is like old school lay-by. I only have
33:19
Speaker 3: one account and it's never been out of control. I
33:22
Speaker 3: put the repayment into my budget immediately and they are
33:24
Speaker 3: always paid off early, which I think is really positive.
33:28
Speaker 3: Someone else has said, if you cannot buy it comfortably
33:30
Speaker 3: using your debit card without feeling guilty or getting the
33:32
Speaker 3: account into the red, you should not buy it. If
33:36
Speaker 3: you really need something urgent, we have emergency funds. If
33:38
Speaker 3: it's something you want and not need, you shouldn't mind
33:41
Speaker 3: waiting for it to save the money within a few months.
33:44
Speaker 3: This applies to everything. And if you want something really expensive, girl,
33:48
Speaker 3: just find a cheaper option, which made me laugh. Fair, fair, fair.
33:53
Speaker 3: Someone else said, if you genuinely have the money to
33:55
Speaker 3: buy the item, then you wouldn't need to use Buy Now,
33:57
Speaker 3: Pay Later anyway. Saying, I can afford the repayments, but
34:01
Speaker 3: then being unable to save properly means that you actually
34:03
Speaker 3: can't afford the repayments and couldn't afford the item in
34:06
Speaker 3: the first place. Beck's feeling very called out right now.
34:10
Speaker 3: And then the last one I'm going to read for
34:12
Speaker 3: today says, close it so you don't end up stuck
34:15
Speaker 3: in the same cycle without making any changes.
34:18
Speaker 4: Yeah, that's a good idea.
34:19
Speaker 3: Which I think like that's the biggest thing is we've
34:21
Speaker 3: always said like these platforms aren't the devil. They can
34:25
Speaker 3: be used responsibly. They can be a positive tool for
34:28
Speaker 3: people who are in a situation where they need them.
34:31
Speaker 3: But they do also encourage bad habits. And I think
34:35
Speaker 3: that sometimes I see people making excuses or using language,
34:38
Speaker 3: like I said before, that I disagree with. If you're
34:41
Speaker 3: putting yourself into debt for things you don't need, you're
34:43
Speaker 3: not managing cash flow. You're just accruing debt.
34:46
Speaker 4: That's very true.
34:47
Speaker 3: Is my personal take on it.
34:48
Speaker 4: Yeah.
34:49
Speaker 3: But I think that's the perfect spot to leave it
34:50
Speaker 3: for today.
34:51
Speaker 4: Yeah, I think so.
34:51
Speaker 3: It's beautiful.
34:52
Speaker 4: And also, I feel very motivated after this. So, thank
34:54
Speaker 4: you so much.
34:55
Speaker 3: You're very welcome. Thank you, everybody, for tuning in to
34:57
Speaker 3: Friday Drinks and for bringing us along on your hot
35:00
Speaker 3: girl walks, your road trips, or your grocery runs, whatever
35:02
Speaker 3: you're doing right now. We hope that you found this
35:04
Speaker 3: episode helpful. And at the very least, we hope it's
35:07
Speaker 3: made you question the way that you enjoy your Milo. Oh,
35:09
Speaker 3: my God. If you loved this edition of Friday Drinks,
35:11
Speaker 3: please do leave us a review and make sure you're
35:13
Speaker 3: subscribed so you never miss an episode. Yeah. And tune
35:16
Speaker 3: in next week for a brand new money diary and
35:18
Speaker 3: a delicious deep dive. Until then, take care of each
35:20
Speaker 3: other and we'll catch you on the round.
35:22
Speaker 4: Bye, guys.
35:23
Speaker 6: Bye.
35:28
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35:30
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35:34
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