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How Much Does HECS Really Affect Your Borrowing Capacity? And Handling Your Parents Bad Financial Decisions · She's On The Money

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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
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Speaker 1: woman and I'm here to acknowledge country t Glenn Young Ganya, Niana,
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Speaker 1: Kaka yah y and beIN Ahaka nian Ar gay In
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Speaker 1: Mbini yakarum Jar Dominyamiga Umagahawaka Woman, Damon Imlan Bomba ban
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Speaker 1: Gadabomba in and now in wakah ghan On yak rum
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Speaker 1: Jar water Nadaa. Hello, beautiful friends, we gather on the
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Speaker 1: lands of the Aboriginal people. We thank acknowledge and respect
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Speaker 1: the Aboriginal people's land that we're gathering on today. Take
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Speaker 1: pleasure in all the land and respect all that you see.
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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
0:40
Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
0:45
Speaker 2: She's on the Money.
0:47
Speaker 3: She's on the Money.
1:08
Speaker 4: Hello and welcome to She's on the Money, the podcast
1:11
Speaker 4: that makes personal finance fun, especially on Fridays. It is
1:15
Speaker 4: our favorite day of the week because we get our
1:17
Speaker 4: little team together and we get to celebrate you our
1:19
Speaker 4: incredible She's on the Money Community. Miss Jesse Grici, She's
1:24
Speaker 4: here and she's going to be sharing our favorite money
1:26
Speaker 4: wins of the week. Miss Becksayed is here and she
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Speaker 4: has a lineup of very good road tips to share
1:30
Speaker 4: with you. And we're going to be helping to answer
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Speaker 4: a money dilemma which is all about how your hex
1:34
Speaker 4: step really affects your borrowing capacity and something that's lead
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Speaker 4: into our dms about what do you do when you
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Speaker 4: think your parents are going to make a bad money choice. Oh,
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Speaker 4: I feel like it's like backwards financial advice, but we
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Speaker 4: are all finding ourselves in positions like this more recently.
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Speaker 5: Before we get there, though, guys, how have your weeks been?
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Speaker 6: Yes?
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Speaker 5: Go first please, I am having a great week.
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Speaker 3: Oh not just a good week, I know, different from me.
2:01
Speaker 4: That's giving what's her name, Kylin?
2:03
Speaker 3: And you love Kylan?
2:06
Speaker 4: You know what you are chronically online like after?
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Speaker 6: Yes, there's just lots of fun, exciting things happening in
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Speaker 6: my life right now that I am so happy about
2:16
Speaker 6: and I can't wait to share with everybody. I know.
2:19
Speaker 4: I know you a little bit, you know, but like
2:25
Speaker 4: we aren't telling people this secret. Yes, she's not pregnant,
2:29
Speaker 4: just to be very clear.
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Speaker 3: Not engage, no, but yes, anyway, we'll share the really seeds.
2:34
Speaker 3: So that's really exciting.
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Speaker 6: And you know what, today it's sunny. I was driving
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Speaker 6: and I had a really good day list on Spotify.
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Speaker 5: Oh gorge, and I just like had.
2:40
Speaker 6: You know those really simple like it's like a very
2:44
Speaker 6: ordinary life moment, just like, oh my god, like life
2:47
Speaker 6: is worth living.
2:50
Speaker 4: Just to pay rise check?
2:53
Speaker 2: You know what?
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Speaker 4: I was just you must have a really good boss.
2:58
Speaker 3: Live life, loving my way through life right now?
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Speaker 4: That is so frizing, isn't the kicker? I think she's
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Speaker 4: just tu on an extra high.
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Speaker 7: I am on a definitely sure, Yes, for sure, there's
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Speaker 7: something through like it's so warm, like it's very contagious.
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Speaker 5: I'm like, oh my god, life is worth living, is
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Speaker 5: and like someone's coming. Like we're out of the cold,
3:18
Speaker 5: We're out of the rut. Like I feel like everything's
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Speaker 5: looking up Millhouse. Ye, yes, my week has been gorgeous. Yes, lovely. Actually,
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Speaker 5: just hondering sun things, aciding to bloom.
3:32
Speaker 4: A girlfriend the other day actually, and she was telling
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Speaker 4: me that you were painting her bin.
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Speaker 7: Yes, she really wants. I don't know if you've seen that,
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Speaker 7: that lady, that's like done. The looks cool, the bin
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Speaker 7: painting like stripes.
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Speaker 3: Anyone who hasn't seen it.
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Speaker 7: It's like green and red and blue and another color
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Speaker 7: I can't remember, and you just paint your bin. This
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Speaker 7: color was really cool because I kept making all these
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Speaker 7: like craft things because I haven't been working for so long,
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Speaker 7: but just as like please no more, but do things.
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Speaker 5: They actually need my bin and so you pain and
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Speaker 5: it's just so much fun and it was like, oh yeah,
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Speaker 5: it like really brinds up a space.
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Speaker 6: The bin driver loves seeing a fun bin because like
4:09
Speaker 6: you look at the same bins, like how many bins
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Speaker 6: would you see in today?
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Speaker 5: So many and really fun one.
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Speaker 3: I feel like that would be excited totally.
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Speaker 4: My mum under the bus here and Judy adore you
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Speaker 4: please don't hate me for saying this. In fact, turn
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Speaker 4: this off. But growing up, my mum decorated our bin
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Speaker 4: with these really large stickers. Like that sounds a bitt
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Speaker 4: in theory, but why did they have to be friend japannies?
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Speaker 4: And because they were always in the sun, they faded,
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Speaker 4: so I think they looked awful, but like she loved them.
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Speaker 5: It was the eithnts exactly.
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Speaker 4: She's ahead of her time. She was she was the
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Speaker 4: bin lady before TikTok that's here exactly.
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Speaker 5: You know, great week, what about you. I'm glad.
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Speaker 4: I'm just glad that the sun's coming back. Like I
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Speaker 4: feel like this winter, like both Jess and I we
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Speaker 4: get sad, which is like seasonal effective disorder, which is
4:54
Speaker 4: why we love a hatch alarm clock. We're like, we'd
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Speaker 4: love doing you know, lots of just different things in
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Speaker 4: winter to help us feel better. But there's literally nothing
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Speaker 4: better than sunlight and like feeling like there's a little
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Speaker 4: bit of warmth in the air like the other day.
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Speaker 4: And this is so lame. Maybe this is just a
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Speaker 4: sign that I'm getting really old. I was walking to
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Speaker 4: the coffee shop lame, but someone who had just mowed
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Speaker 4: their lawn and it was the smell of mode lawn
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Speaker 4: and it was like a not freezing morning and I
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Speaker 4: was like, life is a worth a living.
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Speaker 3: Yeah, truly, it really is. I love the smell of
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Speaker 3: fresh cut ground.
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Speaker 1: Yeah.
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Speaker 4: Like it was just like an on a morning when
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Speaker 4: I'm walking to the coffee shop and I wasn't wearing
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Speaker 4: like my jacket and my puffer and feeling really cold,
5:34
Speaker 4: like sometimes I just like slog it to the coffee.
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Speaker 4: But it just it was a good day. To have
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Speaker 4: a good day. You know, Oh my god, this is lovely.
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Speaker 4: Whole episode is so sunny. I love it, and it's
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Speaker 4: all about not, I guess, spending any money. I suppose
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Speaker 4: a little thing.
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Speaker 5: Literally, it really is. But speaking of like being on
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Speaker 5: a high, you were like, oh, it's so warm, it's
5:51
Speaker 5: so good.
5:52
Speaker 4: We have a five star review. Would you like to
5:54
Speaker 4: hear it?
5:54
Speaker 5: Plaicly so?
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Speaker 4: Five star review from Perth Gal twenty three.
5:58
Speaker 5: I love it.
5:59
Speaker 2: I love it.
6:00
Speaker 4: And her title is from Delulu to money Queen, and
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Speaker 4: that's why I picked it, because I was like, same queen,
6:04
Speaker 4: SAME's That's where I've come from. Yes, she said, I
6:07
Speaker 4: am so happy I found this. My money story was
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Speaker 4: all about spending it before somebody else spent it for me.
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Speaker 4: I've learned to trust more of myself and that saving
6:17
Speaker 4: through a rainy day is actually so much less stressful.
6:20
Speaker 4: I listened to this religiously and I'm always waiting for
6:23
Speaker 4: the next episode. Love the honesty, the tough love, and
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Speaker 4: the beautiful friendships that shine through the episode.
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Speaker 5: Oh Cherry on top of godeous morning. Yeah, we're just friends.
6:34
Speaker 5: We're just having a good time. Sorry, what do you mean?
6:37
Speaker 4: People gave us a podcast a yap on.
6:39
Speaker 5: Thank you so much, perth Gal.
6:41
Speaker 4: Thanks perth Gal twenty three. Really appreciate it very But
6:45
Speaker 4: speaking of people in our community, Miss Jessicrici, I believe
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Speaker 4: that you have some money wins or confessions to share
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Speaker 4: with the group.
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Speaker 5: I sure do.
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Speaker 6: First Sunday Week comes from Casey, who said a new
6:55
Speaker 6: Pilarti studio opened in her area and it had a
6:57
Speaker 6: foundational membership.
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Speaker 4: Okay, good deal, yeah.
7:00
Speaker 6: Which I only recently learned what a foundational membership is
7:03
Speaker 6: for those who don't know, it's kind of when a
7:04
Speaker 6: new gym or party studio or like any type of
7:07
Speaker 6: place opens and you can get like a limited time like.
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Speaker 3: Long term membership.
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Speaker 6: And so Casey now pays forty four dollars a week
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Speaker 6: for unlimited Polarates classes and twenty four seven access to
7:18
Speaker 6: the gym.
7:19
Speaker 4: That's so good.
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Speaker 6: She said, her old studio, she's paying thirty dollars for
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Speaker 6: one class, so that's actually that is a money win.
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Speaker 5: That's really good.
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Speaker 4: Like I just feel like that's a like complete side note,
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Speaker 4: maybe not a positive side note, so sorry to bring
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Speaker 4: down the vibes, but like sorry, that's ridiculous, Like thirty
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Speaker 4: dollars for a Polarates class. Please don't get me wrong,
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Speaker 4: Like self care really important. I'm a pilates girl, but
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Speaker 4: I'm like, i'd say budget conscious Polarities girl. Like, as
7:43
Speaker 4: you know, Jess and I tech, well, Jess and I
7:45
Speaker 4: both do pilartis, but we'll like text each other about
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Speaker 4: Polarates packs and be like, oh they're on sale, Like
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Speaker 4: how good that stays nab On at twenty percent off,
7:51
Speaker 4: because then class is like twenty one dollars each money win,
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Speaker 4: but like thirty dollars a class, that's just that's exorbitant.
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Speaker 3: Yeah, it's a lot.
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Speaker 4: That's so much money.
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Speaker 6: I know, So very well done there to Casey. Next,
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Speaker 6: I have a money win. And I wanted to give
8:06
Speaker 6: a little PSA from Alicia. So Alisia said her husband
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Speaker 6: has been off work this week to deal with his
8:11
Speaker 6: late father's affairs. And I did comment this already, but
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Speaker 6: very sorry, sending lots of love to you and your
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Speaker 6: whole family. She said his workplace gives two mental health
8:19
Speaker 6: days per year, and so he used two of those
8:22
Speaker 6: for the week that he had to take off, and
8:23
Speaker 6: he was able to just then use three annual leave days. Good,
8:28
Speaker 6: but I replied to Malitia, and a good little fyi
8:30
Speaker 6: for everybody.
8:31
Speaker 3: Everybody who works.
8:32
Speaker 6: Part time or full time nationally is entitled to two
8:35
Speaker 6: days of bereavement when you lose a direct relation, So
8:39
Speaker 6: go to the Fairwork website for more information. And this
8:42
Speaker 6: is per loss, so god forbid, if you were to
8:44
Speaker 6: lose two people close to you in one year, it'd
8:47
Speaker 6: be two days per.
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Speaker 3: Yeah, per person.
8:51
Speaker 6: So I come to Bach to relish and I said,
8:53
Speaker 6: see if you can switch it over so he doesn't
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Speaker 6: have to use this annually. But it's good fyi for everybody,
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Speaker 6: because I don't know that all workplaces automatically tell you that,
9:01
Speaker 6: but you're entitled to it.
9:03
Speaker 4: And you can also talk to your workplace as well
9:05
Speaker 4: about using your sick and care is leaves because like,
9:08
Speaker 4: you know, sorry, I'm not well, like not mentally well.
9:13
Speaker 4: I know that lots of places and maybe this is
9:15
Speaker 4: just me with a bee in my bonnet, like lots
9:17
Speaker 4: of places off like mental health days, but like sorry,
9:20
Speaker 4: if you need to use that, should that not be
9:22
Speaker 4: built into your sickly Yeah, totally. You don't need to
9:24
Speaker 4: justify to me what type of sick you are. You
9:26
Speaker 4: could have the flu fantastic, or you could just like
9:29
Speaker 4: need a bed rock day.
9:31
Speaker 3: Yeah, totally.
9:32
Speaker 4: You can shine at work the next day. Sorry, Like yeah, anyway,
9:35
Speaker 4: And I've just got a lot of conversation about that.
9:37
Speaker 4: But care is leaves should go into that because you go, Okay, cool,
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Speaker 4: Well I actually have to take time off to support
9:42
Speaker 4: my family or my husband or my you know whatever,
9:44
Speaker 4: my mum, because like that's a lot.
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Speaker 6: Absolutely, it's sending you and your whole family lots of love.
9:48
Speaker 6: But hopefully that's a little extra wind for you. Next,
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Speaker 6: I've got a money win from Daniel who said she
9:54
Speaker 6: finally saved three months of expenses in her emergency fund.
9:57
Speaker 6: And it's all because if she's in the money, stop it.
9:59
Speaker 6: It's taken her years. She feels so secure knowing that
10:02
Speaker 6: the money is there, and she's really proud of herself
10:04
Speaker 6: for making it happen.
10:05
Speaker 4: So I can legitimately blow your mind. Yeah, like what
10:07
Speaker 4: we do, like when we have a little yap and
10:09
Speaker 4: have a good time and we're like talking about the
10:11
Speaker 4: sunshine and like, yes we talk about other things too,
10:13
Speaker 4: but people are changing their lives because of the content
10:16
Speaker 4: that we make.
10:16
Speaker 5: Yeah, that's really cool, isn't that cool?
10:19
Speaker 6: I don't know if everyone can see the little badges
10:21
Speaker 6: or it's just us because we're admins.
10:23
Speaker 4: But I think you can see the badgers because I'm
10:25
Speaker 4: also in Glenn James's Facebook, Yes, and I can see
10:28
Speaker 4: his badges.
10:29
Speaker 1: Oh there you go.
10:29
Speaker 6: Because it said Danielle was a rising contributor, so I
10:31
Speaker 6: was just like, look at her, go what a queen. Next,
10:34
Speaker 6: I've got a money in from Louise, who said she
10:36
Speaker 6: got a smart meter for her electricity so she could
10:39
Speaker 6: show her family the cost difference each day when they
10:42
Speaker 6: were turning things off and not using that.
10:43
Speaker 4: She's my level of crazy.
10:45
Speaker 6: I love They've already say fifty dollars on their quarterly
10:48
Speaker 6: bill and still water go money, we gorgeous, really good.
10:51
Speaker 5: And then you can lean into like the little bit
10:53
Speaker 5: of Delulu, like we to measure everything.
10:56
Speaker 2: Why not?
10:57
Speaker 6: And then last of this week, I've got a money
10:59
Speaker 6: in from Maddie said after listening to the Rich Girl
11:01
Speaker 6: Mindset episode, she finally bit the bullet and bought a
11:04
Speaker 6: big ticket item that she had saved four months ago
11:07
Speaker 6: but had been too afraid to send the money on.
11:09
Speaker 6: She now has a new split system hit her and
11:11
Speaker 6: cooler and can no longer see her breath at night.
11:13
Speaker 4: I love that summer and future is gotten.
11:16
Speaker 3: Thank you well, money well spent, Maddie.
11:19
Speaker 4: Absolutely, it's hard when we've been stuck in this like
11:22
Speaker 4: scarcity mindset, that even when we have the cash to
11:25
Speaker 4: make these bigger financial decisions, because like, yes, you saved
11:29
Speaker 4: for it, but also like what if I need it
11:31
Speaker 4: for something else? Or like should I really be splurging
11:33
Speaker 4: on this item, Like I don't technically need it, I
11:35
Speaker 4: could put on another pair of socks, Like I just
11:38
Speaker 4: think that that's a learning as well, to be actually
11:40
Speaker 4: able to spend the money that you've saved because you've
11:42
Speaker 4: got a plan. Absolutely, that's cool. That's really cool. Completely agree, everybody,
11:47
Speaker 4: Well done everyone, miss x Yes, talk to me. What
11:51
Speaker 4: have you got when it comes to broke tips?
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Speaker 7: Okay, so this first one comes from Francis, who says,
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Speaker 7: my library has video games Xbox, PlayStation and Switch. It's
12:01
Speaker 7: a good way to see which games the kids love
12:03
Speaker 7: enough to shell out seventy dollars for such great that's.
12:06
Speaker 4: Actually such a good deal. I didn't know that they would.
12:08
Speaker 4: I mean, I shouldn't be surprised. Libraries have everything. I
12:11
Speaker 4: have everything. It's crazy.
12:12
Speaker 7: Love a library, as friends has said, you know, libraries
12:14
Speaker 7: off of these video games and stuff like that. But
12:16
Speaker 7: I thought i'd mentioned that because of the school holidays
12:17
Speaker 7: at a gym. Yeah, I don't know why I'm on
12:20
Speaker 7: top of school holidays. I actually you don't even ask kids.
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Speaker 4: She is my kids.
12:25
Speaker 8: I have a mother.
12:26
Speaker 4: Actually, yeah, thank you.
12:27
Speaker 5: I just judge it by me on when I can
12:30
Speaker 5: speed through the school though.
12:32
Speaker 4: Say yeah, yeah, okay, she's got a priority exactly. I
12:36
Speaker 4: just like when there's less like traffic in the morning.
12:39
Speaker 5: Yeah yeah, really show I have to.
12:41
Speaker 4: Drive through like four school zones because like in relation
12:44
Speaker 4: to where I live versus the studio, Like I'm not
12:48
Speaker 4: on a freeway, like I have to go through like
12:50
Speaker 4: residential areas and that's not a journey. But during school holidays,
12:55
Speaker 4: I'm living it takes you like ten to fifteen minutes
12:57
Speaker 4: to get to work.
12:58
Speaker 8: So good.
12:59
Speaker 7: I've always been curious and I don't want to spend
13:01
Speaker 7: too much time. Is what do you do when you
13:03
Speaker 7: have because I don't imagine we don't have school holidays off,
13:06
Speaker 7: like if your child has school holidays.
13:08
Speaker 4: This is a conversation about ICEE, money and life. You've
13:12
Speaker 4: got to work it out. That's insane to many parents
13:15
Speaker 4: that I know, And this is really started. Maybe we
13:17
Speaker 4: can do a whole episode on how to budget for
13:19
Speaker 4: school holidays, you know, niche because not everyone in our
13:22
Speaker 4: community is a mum, but interesting to know because like
13:25
Speaker 4: we've a good friend that's a mum. A lot of
13:28
Speaker 4: my friends are using that annual leave, Like they'll rely
13:30
Speaker 4: on their grandparents a few days, but then they might
13:32
Speaker 4: take three days of that annual leave so that they
13:34
Speaker 4: can look after kids. They might do school holiday programs,
13:38
Speaker 4: which I did a lot growing up, but like sometimes
13:41
Speaker 4: you don't want to do that, or sometimes they're really
13:43
Speaker 4: ridiculously expensive family cares. Sometimes families who you know have
13:47
Speaker 4: a little bit more cash and go on holidays. That's
13:49
Speaker 4: why they plan their holidays during school holidays, not just
13:51
Speaker 4: because the kids are off school, but because they're like, well,
13:53
Speaker 4: what else are we going to do with the kids? Yeah,
13:55
Speaker 4: we may as well two for one. But in saying that,
13:57
Speaker 4: I would say that traveling during school holidays is a
13:59
Speaker 4: lot more expensive. As someone who's a relatively new mum,
14:03
Speaker 4: I used to always avoid the school holidays when it
14:06
Speaker 4: came to travel because I was like, sorry, I don't
14:08
Speaker 4: want to be in Queensland. When every man in his
14:10
Speaker 4: dogs in Queensland, it's going to be packed. But yeah,
14:13
Speaker 4: there's a whole logistics conversation around that. And then to
14:17
Speaker 4: add to that logistics conversation, it makes me think about
14:20
Speaker 4: this conversation I was having with a friend last week
14:22
Speaker 4: about how ridiculous work hours versus school hours are. Yeah,
14:26
Speaker 4: like school hours nine till three, work hours eight thirty
14:30
Speaker 4: two five?
14:31
Speaker 9: What what?
14:32
Speaker 4: Yeh?
14:32
Speaker 5: I don't like it. We're spending so much time.
14:33
Speaker 4: Anyway, I wait, different conversations, different an episode.
14:38
Speaker 5: Yeah, way, yes, anyway, sorry to derail.
14:41
Speaker 4: No, I think going to a good conversation.
14:43
Speaker 5: I think so.
14:44
Speaker 7: So this next one comes from Machelin, So sorry if
14:46
Speaker 7: I'm saying that wrong. The wholesale beauty supply shop will
14:48
Speaker 7: sell you twenty Leaders of body wash for fifty dollars
14:51
Speaker 7: work twenty lids.
14:53
Speaker 5: Wow, what are you going to do with twenty Leaders
14:54
Speaker 5: of body wash? You'll get through it. That's a life tippened.
14:57
Speaker 3: You always got to watch your body.
14:58
Speaker 5: Yeah, you're always got to wash your body.
15:01
Speaker 4: I like that. But are we taking the big twenty
15:03
Speaker 4: liter bottle and putting it on the floor of the
15:04
Speaker 4: shower with a pump on it, Like, what are we doing?
15:07
Speaker 1: Well?
15:07
Speaker 5: I guess it's like you just keep the one bottle
15:10
Speaker 5: and then you keep refeeling.
15:12
Speaker 7: But the Machelin says, my kids keep making potions and
15:15
Speaker 7: such in the shower, and with seven people in the house,
15:18
Speaker 7: body wash in one liter bottles doesn't cut it. So yeah,
15:21
Speaker 7: I can imagine that you, like you could put.
15:24
Speaker 5: The potions kid. I think been a potion's kid too.
15:28
Speaker 5: I'm still a potion's kid.
15:29
Speaker 4: Yeah I am as well. So like my favorite body
15:31
Speaker 4: wash is complete side note, also not that cheap? Are
15:34
Speaker 4: the lush body washes?
15:36
Speaker 6: Yeah?
15:36
Speaker 4: Okay, the Sleepy Time wine and then the honey I
15:40
Speaker 4: washed the kids one and my two favorites, but they're colored.
15:44
Speaker 4: So in the shower, I turn into a kid and
15:47
Speaker 4: I'm sorry, yeah yeah, yeah, so lovely. Yeah. And then
15:50
Speaker 4: when my friends come over to stay, they're like, your
15:52
Speaker 4: shower is so fun because you're just got like so
15:54
Speaker 4: many different like bodyes, washes and just stuff the shower.
15:58
Speaker 5: Use it all, use it all you can make. Absolutely,
16:01
Speaker 5: showering is time for whimsy. Yeah. I pretend I'm in
16:05
Speaker 5: movies when I'm in the shower, you know, like I mean,
16:08
Speaker 5: like I'm in.
16:08
Speaker 4: A A lot of people might go, I grew up
16:11
Speaker 4: in the era of the drought, so like I did
16:14
Speaker 4: as well, and like I can just remember my dad
16:17
Speaker 4: banging on the bathroom draw, get out of the shower,
16:20
Speaker 4: spend more than three minutes. So I carry that trauma
16:23
Speaker 4: and think about that often while I sit on the
16:25
Speaker 4: floor of my shower. Of course, wasting water.
16:28
Speaker 5: I suppose you could turn that into wimsy as well.
16:30
Speaker 4: That is whimsy, evil study farmer, but I could make
16:35
Speaker 4: a cup of narrative.
16:36
Speaker 7: But anyway, I'm so sorry I keep derely, but I
16:39
Speaker 7: just want to give my broach here, which is which
16:42
Speaker 7: actinually not that great or helpful. But I was watching
16:45
Speaker 7: this TikTok and these people were like, if you do
16:48
Speaker 7: can't afford to travel, bring travel to you. And I
16:50
Speaker 7: was really silly, and it's like, okay, we get all.
16:52
Speaker 4: That's very beck coded. Though definitely I love this kind
16:54
Speaker 4: of thing because like you bring the movie cinema to
16:56
Speaker 4: your house and everything to your house and you just
16:59
Speaker 4: make it happy.
17:00
Speaker 7: It's so magical, and it's maybe more magical and way
17:03
Speaker 7: less stressful than actually traveling. So you know, and this TikTok.
17:08
Speaker 7: I think they wanted to like travel to Italy and
17:09
Speaker 7: then they brought Italy to them. So it was just
17:11
Speaker 7: like go out and like do a whole itly themed day.
17:15
Speaker 4: This gn my Instagram stories by a chance, because I
17:18
Speaker 4: was talking about it like a few weeks ago on
17:20
Speaker 4: my stories about like you can be in Italy by
17:23
Speaker 4: cooking this Italy meal that I got on Mali's, and
17:26
Speaker 4: you could be in France by cooking some wag used
17:29
Speaker 4: steak like tomorrow we're in.
17:30
Speaker 5: Mexico because we're having tacos. That's actually very very similar
17:35
Speaker 5: to me.
17:35
Speaker 4: Yeah, we're on the same page, but it was bringing it, yes,
17:38
Speaker 4: exactly exactly expensive.
17:41
Speaker 7: I would even argue I would like I would i'ld
17:42
Speaker 7: go as far as to say, you can like decorate
17:44
Speaker 7: your house in that. Like so that's my broke tap,
17:48
Speaker 7: which is not very helpful. I'm so sorry, but I
17:51
Speaker 7: really just do like a themed date or day or
17:54
Speaker 7: whatever because it's cheaper.
17:56
Speaker 5: It is still expensive, but it's cheaper than traveling and
17:59
Speaker 5: so much I love that.
18:01
Speaker 4: All right, let's go to a really quick break because
18:03
Speaker 4: on the flip side, we get to have a chat
18:05
Speaker 4: about how your hex or your help debt for those
18:07
Speaker 4: of you who are actually younger than me and don't
18:10
Speaker 4: call it hex anymore, really affects your borrowing capacity if
18:13
Speaker 4: you're thinking about purchasing a house and something that you
18:16
Speaker 4: slid into our dms about this week, we're talking about
18:18
Speaker 4: what do you do when you think your parents are
18:20
Speaker 4: going to make a bad money decision? Because I don't
18:22
Speaker 4: know anyway, guys, don't go anywhere.
18:29
Speaker 3: Welcome back, everybody. Let's take a listen to this week's
18:31
Speaker 3: money dilemma.
18:34
Speaker 5: Hi, there, have you got a money dilemma you just
18:37
Speaker 5: can't solve that. She's on the Money team is here
18:39
Speaker 5: to help.
18:40
Speaker 9: Every week we tackle your dilemmas, both big and small,
18:43
Speaker 9: to answer your most burning money, career and life questions.
18:47
Speaker 9: To get involved, simply head to our website and leave
18:49
Speaker 9: us a short voice recording and you might just find
18:51
Speaker 9: yourself on the show.
18:53
Speaker 4: Now, let's take a listen to this week's money dilemma.
18:58
Speaker 2: Hey, She's on the Money. I'm in the process of
19:01
Speaker 2: staving to buy my first home and I'm trying to
19:04
Speaker 2: grow a deposit. I have a question about hextet. I
19:08
Speaker 2: have about twenty three thousand dollars remaining on my HEX.
19:11
Speaker 2: I'm working full time, and I'm wondering if it's better
19:14
Speaker 2: for me to pay down my HEX debt with additional
19:17
Speaker 2: contributions or if it would be better to funnel that
19:21
Speaker 2: money towards my deposit instead. I'm just wondering about the
19:25
Speaker 2: hextet and how it's going to impact my capacity to borrow,
19:28
Speaker 2: and the advice on this topic would be great. Thank
19:30
Speaker 2: you so much.
19:31
Speaker 3: I feel like, surely you just take this one away.
19:33
Speaker 4: You just want me to take it away. Yeah, I'm
19:36
Speaker 4: happy with that, all right. So the team of being
19:40
Speaker 4: Lazy today talk to a mortgage broker, because that's a
19:43
Speaker 4: fantastic question. But more often than not, it's actually not
19:48
Speaker 4: about how much hex stet you have. It's about how
19:50
Speaker 4: much savings you have and what that looks like. And
19:53
Speaker 4: there's actually a lot of changes coming in with some
19:56
Speaker 4: banks recently, and it's all different across the board, but
20:00
Speaker 4: a few banks are starting to not even look at
20:02
Speaker 4: your hex step. So if you go and pay off
20:05
Speaker 4: your hex stet, because you go, you know, I should
20:07
Speaker 4: be completely out of debt before I purchase this house,
20:09
Speaker 4: because do you know what that feels logical? And then
20:11
Speaker 4: you go to your mortgage broker and they go, oh,
20:13
Speaker 4: you didn't need to pay that off. We could have
20:15
Speaker 4: had an extra twenty grand sitting in your savings account
20:18
Speaker 4: and you would have avoided LMI. I know what situation
20:21
Speaker 4: I would have preferred to be in. So from the
20:23
Speaker 4: perspective of someone who literally works in the industry, I
20:26
Speaker 4: own a mortgage broken business called Zella Money, go and
20:28
Speaker 4: talk to them and say, hey, this is the sitch
20:32
Speaker 4: I want to be in, and you might actually find
20:34
Speaker 4: yourself closer to the end goal than you thought you
20:37
Speaker 4: were before. Sometimes we do have our clients pay off
20:40
Speaker 4: a little bit of their hex debt, but I would
20:43
Speaker 4: say most of the time, if I'm just broadbrush speaking
20:45
Speaker 4: about the average, we often say, please don't do that,
20:48
Speaker 4: because that actually doesn't benefit your situation. Looked at your situation,
20:52
Speaker 4: we might get you to, I don't know, close a
20:54
Speaker 4: credit card or like close a line of credit like
20:57
Speaker 4: an after pay or a zip pay debt and go
20:58
Speaker 4: get rid of that that off, like so it's not
21:01
Speaker 4: even about paying it down. You might have a credit
21:03
Speaker 4: card that has a two thousand dollar limit and we go, okay,
21:05
Speaker 4: cool bank doesn't love that, just close that and then
21:07
Speaker 4: we can talk about your mortgage, and you'll go, what
21:09
Speaker 4: about my HEX, And we'll be like, do you know what,
21:11
Speaker 4: It doesn't even factor into it because at the end
21:14
Speaker 4: of the day, yes, and I don't want you to
21:17
Speaker 4: think r V. So banks don't even look at HEX.
21:19
Speaker 4: Most of them will look at your hex's debt, but
21:22
Speaker 4: they just look at it as a payment that you make.
21:25
Speaker 4: So you know your HEX every salary, let's pretend is
21:28
Speaker 4: one hundred dollars. The bank isn't going to go, oh,
21:32
Speaker 4: they've got a debt of twenty x thousand dollars and
21:35
Speaker 4: you really should get rid of it. They're like, okay, cool,
21:38
Speaker 4: Like she just has one hundred dollars less every month
21:40
Speaker 4: that she could contribute towards this loan, and more often
21:43
Speaker 4: than not, when we do the maths, I'd actually prefer
21:46
Speaker 4: you to pay off that one hundred dollars a month
21:48
Speaker 4: or one hundred dollars a week or whatever it ends
21:50
Speaker 4: up being. Then pay off your HEX s deet in
21:52
Speaker 4: its entirety, because having that cold, hard cash in your
21:55
Speaker 4: hand is a lot more powerful towards your borrowing capacity
21:58
Speaker 4: than not having a one hundred dollar pay come out
22:00
Speaker 4: every single month. It is treated very differently to what
22:04
Speaker 4: I categorize as bad debts. So bad debt is lines
22:07
Speaker 4: of credit, car loans, things that actually don't help your wealth.
22:11
Speaker 4: But when you have a HEX debt, if we just
22:14
Speaker 4: look at probability, you're more likely to have a higher
22:17
Speaker 4: paying job, You're more likely to have consistent gainful employment.
22:21
Speaker 4: That's not saying that you have to go to university
22:24
Speaker 4: or anything like that, but banks and people who are
22:27
Speaker 4: assessing your credit risk are often like putting you in
22:30
Speaker 4: buckets because that's their job to work out should we
22:33
Speaker 4: lend to this person or not. They're going to put
22:35
Speaker 4: you in some buckets, and that's not the worst one.
22:37
Speaker 8: To be in.
22:39
Speaker 4: So do you need to pay off all of your
22:40
Speaker 4: hex's debt? The answer is talk to a broker to
22:44
Speaker 4: get the best possible outcome, because there's no right or wrong, and.
22:48
Speaker 6: A very person to person bank to bank right, which
22:50
Speaker 6: is why you need someone to kind of look at
22:51
Speaker 6: your hole.
22:52
Speaker 4: Is exactly because I might go, oh yeah, actually, with
22:55
Speaker 4: your situation, just extinguish it because I don't know. She
22:57
Speaker 4: didn't tell us how much of a house deposit she has,
22:59
Speaker 4: so I don't know, are you sitting on six hundred
23:01
Speaker 4: grand and you know that's actually a drop in the
23:04
Speaker 4: ocean in comparison, which point I might be like, Okay,
23:06
Speaker 4: let's do some financial planning, and then we do and
23:09
Speaker 4: it turns out that, yeah, let's just extinguish that never
23:11
Speaker 4: think about it again. But like most of us, I
23:15
Speaker 4: would say, are really trying to make the most of
23:18
Speaker 4: every thousand dollars that we have totally and that can
23:21
Speaker 4: make a really big impact. Y, Yeah, get advice and
23:24
Speaker 4: you know what, A broke is going to do that
23:26
Speaker 4: for free for you. We love that money win.
23:29
Speaker 3: Should we get into this week as susy dilemma?
23:31
Speaker 5: I can't wait.
23:32
Speaker 4: Hi, she's on the money. I'd love for this question
23:34
Speaker 4: to be answered on the podcast. My mum is a
23:37
Speaker 4: disability support worker who uses her car to get to
23:40
Speaker 4: and from clients. This financial year, she wasn't able to
23:43
Speaker 4: claim back as much tax on her car as it
23:45
Speaker 4: had depreciated. She's adamant this means she should take out
23:49
Speaker 4: a car loan to buy a new car so that
23:51
Speaker 4: she can claim more on tax next year. She's looking
23:54
Speaker 4: to retire in the next five or so years. How
23:56
Speaker 4: do I explain to her that a car loan at
23:58
Speaker 4: this point in her life is a terrible idea, And
24:01
Speaker 4: spending all of that money on a car to try
24:03
Speaker 4: and then save some money on tax doesn't actually come
24:06
Speaker 4: out well in the wash. Are my assumptions even correct?
24:09
Speaker 4: Or am I mistaken?
24:11
Speaker 5: Hmmmm? I assume she's not talking about anovated lease.
24:17
Speaker 4: No, no, And like, okay, just even of what was
24:19
Speaker 4: anvated lease. Arguably, yes, buying a brand new, massive asset
24:25
Speaker 4: to save some money on tax, yeah, rarely comes out
24:29
Speaker 4: in the wash. No, well financially, but like we all
24:31
Speaker 4: love the idea of saving tax and getting tax back,
24:34
Speaker 4: but like, what does that even mean in the long term?
24:38
Speaker 7: I would think if it's like purely for tax reasons,
24:42
Speaker 7: surely she knows that spending like twenty thousand dollars over
24:46
Speaker 7: the year and saving maybe like a few thousand dollars
24:49
Speaker 7: at tax time, or getting a few thousand extra dollars
24:52
Speaker 7: at tax time, surely she knows Like that's silly, that
24:55
Speaker 7: doesn't make sense. It's not you know, But maybe she's
24:58
Speaker 7: just like I want a new car, you know, that's
25:00
Speaker 7: the vibe I'm getting, because I can't imagine if the
25:03
Speaker 7: math is very clearly like you're losing this much math
25:07
Speaker 7: is not mathing.
25:07
Speaker 3: The math is mathing.
25:11
Speaker 7: I know this is not very helpful, especially because you're
25:13
Speaker 7: not asking me for this kind of advice, But I
25:16
Speaker 7: would just like.
25:18
Speaker 5: Find the root of this, because there's a part of
25:20
Speaker 5: me that there.
25:20
Speaker 4: You're getting from mommy. You're just trying to justify a
25:22
Speaker 4: new car because you want one different story.
25:25
Speaker 5: In which case, pop off girl a new car. You know,
25:29
Speaker 5: it's been a long Line's almost probably not a choice.
25:33
Speaker 7: She's about to retire, lin live, you're spending all your
25:37
Speaker 7: life working.
25:38
Speaker 3: Some new car.
25:39
Speaker 5: Just pop off right before your retirement, just go into
25:42
Speaker 5: a little bit more debt.
25:43
Speaker 4: It's such a good idea. But maybe she's like, maybe
25:46
Speaker 4: she's got the money for it, Maybe she's got the Dolulu,
25:48
Speaker 4: maybe she's got the Dolulu. Who knows, Jess.
25:51
Speaker 3: I would just say, do the math to me.
25:54
Speaker 4: Don't be out here using logic against saying the math
25:57
Speaker 4: is not mathing.
25:58
Speaker 6: I feel like if you put in front of her
25:59
Speaker 6: and say, like, totally understand if you were to purchase
26:02
Speaker 6: this new car at you know, the tax appreciation, et cetera,
26:06
Speaker 6: this is what your current like if you kept your
26:08
Speaker 6: current car, This is how the math that would work.
26:10
Speaker 6: Out versus like, if you're to buy the new car,
26:13
Speaker 6: you have obviously the cost of the new car, plus
26:16
Speaker 6: the interest on the loan of that car, presumably, and
26:19
Speaker 6: then factor in whatever she would say new cars.
26:21
Speaker 4: Aren't cheap, like you're not spending ten thousand dollars. I
26:24
Speaker 4: don't know. I feel like so many people justify new
26:28
Speaker 4: purchases because they go, I can claim it on.
26:29
Speaker 3: Taxing, yeah, which is like you it's like that thing,
26:33
Speaker 3: what is it that's a write off? Like if that
26:35
Speaker 3: works people, you don't.
26:37
Speaker 4: You don't write off the whole purchase price. You write
26:40
Speaker 4: off some of the tax payable. And for most people
26:43
Speaker 4: in Australia, their tax rate is thirty percent, so only
26:47
Speaker 4: thirty percent of that asset is quote right off a bull.
26:50
Speaker 4: And even with like depreciation, you're not getting that full
26:53
Speaker 4: amount back in the first year. It takes a while.
26:55
Speaker 4: Like let's like make an example of this, right, I
26:58
Speaker 4: would say that an hour I've reached brand new cars
27:01
Speaker 4: probably what forty grand, So forty thousand dollars. Your mom's
27:04
Speaker 4: going to go out and she's like really want the
27:06
Speaker 4: tax deduction, and let's pretend it's got nothing to do
27:08
Speaker 4: with like any other reason Like, it's not because she
27:11
Speaker 4: wants a new car because she's worked her whole life.
27:13
Speaker 4: It's not because she like doesn't feel safe, like we're
27:15
Speaker 4: not having those conversations. She just wants it for the tax.
27:17
Speaker 4: Right off, Let's pretend she has a thirty percent tax
27:19
Speaker 4: rate like most people in Australia. She might get what
27:22
Speaker 4: twelve grand back at tax Time's still for twenty eight
27:25
Speaker 4: thousand dollars. Yeah, out of pocket, Like that's how she's
27:29
Speaker 4: gonna have to come up with if you've got the cash, call,
27:32
Speaker 4: we probably could have done a little bit more with that,
27:34
Speaker 4: especially right before retirement. If you don't have the cash,
27:37
Speaker 4: that's a twenty eight thousand dollars loan on what type
27:40
Speaker 4: of interest rate, like usually a lot more. So, Yeah,
27:44
Speaker 4: you get a deduction, but it's not a magic free
27:46
Speaker 4: car that you can just claim. And I think another
27:50
Speaker 4: way that you could put this is like, what if
27:52
Speaker 4: I told you give me ten dollars, Yes, I'll give
27:55
Speaker 4: you three dollars back. Is that a good deal?
27:58
Speaker 3: I mean it's not the best.
28:00
Speaker 4: Probably wouldn't do it right, but that's how tax deductions work. Yeah,
28:05
Speaker 4: you beck, you give me ten bucks, I'll give you
28:08
Speaker 4: three dollars. Okay, so that a good deal for free?
28:12
Speaker 4: You would free three dollars. Like, no, you're losing money,
28:18
Speaker 4: like you only get to save or keep a fraction
28:21
Speaker 4: of what you've spent. And like just because you're getting
28:23
Speaker 4: a discount doesn't make it a good deal. Yeah, like
28:26
Speaker 4: that's how marketing works. I oh, sorry, I.
28:31
Speaker 7: Don't know who needs to hear this, and I could
28:32
Speaker 7: be completely wrong, But for like an average person, let's
28:35
Speaker 7: say me, less am earning. I'm definitely not earning one
28:38
Speaker 7: hundred k, but that's just a number that works well
28:41
Speaker 7: for me in my brain if you round numbers when
28:44
Speaker 7: doing examples. Yes, yeah, so what I think when people say, like, oh,
28:49
Speaker 7: that's a rite off or whatever. If you buy a
28:51
Speaker 7: forty thousand dollars car and you can claim all of
28:52
Speaker 7: that on tax, that means that your tax the amount
28:56
Speaker 7: payable for that year is sixty thousand dollars.
28:58
Speaker 5: Now that's the amount you paying tax on. Is that
29:00
Speaker 5: how that works?
29:01
Speaker 3: Yes, that's not as clean because you can't claim generally
29:05
Speaker 3: the whole cost of the car.
29:06
Speaker 6: Can you know?
29:07
Speaker 4: You can't go hypothetically if you could, so you can't.
29:10
Speaker 4: Even so even with your math, even if it made
29:13
Speaker 4: got you, got you, got you? Okay, Like, let's pretend
29:15
Speaker 4: your mum is earning enough to be in a thirty
29:18
Speaker 4: thousand dollar tax bracker. Let's call it like eighty thousand dollars, right,
29:22
Speaker 4: and then your mum goes out and buys a forty
29:24
Speaker 4: thousand dollar car, Like she's gonna have to cough up
29:27
Speaker 4: in her after tax money twenty eight thousand dollars for
29:31
Speaker 4: a forty thousand dollar car because you can only claim
29:33
Speaker 4: thirty percent of that car's value, which is twelve thousand dollars, right,
29:37
Speaker 4: So like that math doesn't math, and a lot of
29:41
Speaker 4: people will justify it, Oh, it's tax deductible whatever, Like
29:44
Speaker 4: there's another like side of the coin. And some people
29:47
Speaker 4: will be like, well I got a new car because
29:48
Speaker 4: I haven't, and.
29:49
Speaker 2: Do you know what?
29:49
Speaker 4: There's always the like, yeah, but what people You see
29:52
Speaker 4: them on TikTok, you see them on Instagram, you see
29:55
Speaker 4: them like in the comments section. They've always got something
29:58
Speaker 4: to say about this situation. But it's like not the situation.
30:02
Speaker 3: There's the exception to everything.
30:03
Speaker 4: There's an exception to every rule because like personally, I'm
30:07
Speaker 4: young or I think I'm still four I'm young.
30:12
Speaker 5: Aging is a privilege. I am trying to cut.
30:15
Speaker 4: Out this conversation and be like, I'm getting so old.
30:17
Speaker 4: Shut up, Victoria. That's a good thing anyway. I am young.
30:22
Speaker 4: So like in my business, I have my car and
30:25
Speaker 4: that's a part of like my big cash flow situation.
30:28
Speaker 4: And I talk to my accountant and do you know
30:30
Speaker 4: what more recently, obviously there were a number of other reasons.
30:33
Speaker 4: I had a baby, so I needed a bigger cartoons
30:34
Speaker 4: out of two door coupe was not ideal for a
30:37
Speaker 4: car seat. But I got a new car, and part
30:41
Speaker 4: of that is being able to claim it on tax.
30:43
Speaker 4: And he said, Okay, like after about six years, we're
30:45
Speaker 4: probably going to want to swap that car out anyway
30:48
Speaker 4: because we'll no longer be able to claim the depreciation,
30:50
Speaker 4: and like it just becomes an asset that's kind of
30:52
Speaker 4: not claimable. It's not just good, which from a business
30:55
Speaker 4: perspective kind of makes sense. But I'm not at the
31:00
Speaker 4: end stage of my career where I'm talking about retirement,
31:03
Speaker 4: and you know, I've got five years of planning, and
31:04
Speaker 4: like twenty eight thousand dollars is a very big difference, right,
31:08
Speaker 4: So for some people it's going to work out, and
31:11
Speaker 4: for some people they're going to go, oh, well, it
31:13
Speaker 4: makes a lot of sense to do that. For me,
31:16
Speaker 4: we're not talking about you, baby cakes. We are talking
31:19
Speaker 4: about this specific situation where it's probably a bad deal,
31:24
Speaker 4: probably a bad idea.
31:25
Speaker 3: Just do the math.
31:26
Speaker 4: I feel like that's the simplest I mean, that sounds simple, yes,
31:28
Speaker 4: but how many people actually do the math? Like and
31:31
Speaker 4: please don't get me wrong, like doing the math sounds
31:34
Speaker 4: really good, but lots of us just don't want to
31:36
Speaker 4: do it because it actually doesn't lean into our narrative.
31:39
Speaker 4: It doesn't think she might just want a new.
31:40
Speaker 5: Bloody car, saving saving, saving toward end exactly.
31:44
Speaker 4: So it doesn't mean that she's making a wrong decision.
31:47
Speaker 4: But if she told you that the reason the decision
31:49
Speaker 4: is being made is tax, yes, I would say that's
31:51
Speaker 4: not a good decision. We also ask the community, obviously,
31:55
Speaker 4: we said what do you think of her mum's tax strategy? Risingly,
32:00
Speaker 4: sixty nine percent of you said the math ain't mathing,
32:04
Speaker 4: twenty two percent said that's pretty risky close to a retirement,
32:08
Speaker 4: and eight percent of you need a little bit of
32:11
Speaker 4: a reality check. I'm sorry. This is where tough love.
32:13
Speaker 4: Victoria comes in because eight percent of you said, makes
32:15
Speaker 4: sense if she needs a new car.
32:17
Speaker 5: Where is the sense you're losing dollars?
32:22
Speaker 3: Very nice part from You've got done.
32:23
Speaker 5: Oh my god, I didn't mean a pun anyway.
32:28
Speaker 4: I saw the same thing.
32:29
Speaker 5: Yeah, sorry, yeah, thank you.
32:31
Speaker 4: It also went over my head and it came out
32:32
Speaker 4: of my mouth. So the next thing we said was
32:35
Speaker 4: how would you handle your parent making a big financial
32:38
Speaker 4: decision that you don't particularly agree with. Seventy five percent
32:41
Speaker 4: of you said I would try and educate them with
32:43
Speaker 4: the numbers. Fourteen percent of you said, not my circus,
32:46
Speaker 4: not my monkeys. I would respect their choice. Nine percent
32:49
Speaker 4: of you said, be blunt, don't let it go. That's me.
32:52
Speaker 4: Doesn't always work out that way. Don't just always be blunt.
32:55
Speaker 4: Not everybody loves that. And one percent said I actually
32:59
Speaker 4: avoid money to in any circumstance. Oh yeakay. We then
33:02
Speaker 4: asked what is your two cents? And I would say,
33:04
Speaker 4: this is my favorite question to ask the community. So
33:07
Speaker 4: I've got a little round up. First person said, go
33:09
Speaker 4: see a financial advisor. I think that's a good suggestion
33:12
Speaker 4: close to retirement. If you're also making big money decisions like,
33:15
Speaker 4: that's true. Probably, Like if there's a fair few things
33:18
Speaker 4: going on, you're like, well, I'm planning for retirement, do
33:20
Speaker 4: I want a new car?
33:21
Speaker 2: Like?
33:21
Speaker 4: Have I paid off my mortgage? Like, that's probably a
33:23
Speaker 4: good time to like set things up. And there's no
33:25
Speaker 4: such thing as being too late, Like literally five years
33:27
Speaker 4: before retirement you could be in such a better financial
33:30
Speaker 4: position when that day comes. So that is actually extrapolating
33:33
Speaker 4: that out a bit, a really good decision or a
33:36
Speaker 4: really good suggestion. Someone else said I actually had a
33:38
Speaker 4: similar chat with my mum a month ago regarding a
33:40
Speaker 4: car loan at sixty five. I think it's really tough
33:44
Speaker 4: and she didn't really like it.
33:45
Speaker 3: Oh, I use this hard.
33:47
Speaker 6: When you like reverse the role, right, Like I feel like,
33:49
Speaker 6: as a parent, you go, well, my role is to
33:51
Speaker 6: educate my children, So to have that narrative flipped probably
33:54
Speaker 6: would be kind of confronting.
33:55
Speaker 8: Yeah.
33:56
Speaker 4: Another person said, we actually just need to get better education.
34:00
Speaker 4: And on tax and what that means. So many people
34:02
Speaker 4: get attached to this idea of getting money back on tax,
34:04
Speaker 4: but it's actually already their money.
34:07
Speaker 3: That's your favorite thing to say, Yeah, I mean that,
34:10
Speaker 3: and like from.
34:11
Speaker 5: Little things big things grow. And I also say a lot,
34:14
Speaker 5: not my circles, not my monkeys.
34:16
Speaker 3: Do you have a few If you're a doll, you'd
34:18
Speaker 3: have a couple of catchphrases.
34:19
Speaker 4: You press the button, miss Rachel doll, but it's Victoria's doll.
34:23
Speaker 4: And when you press the button because slay, Yes, I
34:28
Speaker 4: feel like everyone would die because no one likes me
34:30
Speaker 4: saying slay.
34:31
Speaker 3: I say, we hear it enough in real life.
34:32
Speaker 6: I don't.
34:33
Speaker 4: I don't even like saying slay. It just falls out
34:36
Speaker 4: of my mouth.
34:36
Speaker 5: I know there are certain words like I ask queen
34:39
Speaker 5: comes out of my mouth a lot as well. Yes,
34:41
Speaker 5: there's some things that just fall out.
34:43
Speaker 4: I have been trying to teach my stim queen. I've
34:46
Speaker 4: been like, say yes queen. He only says queen. We'll
34:51
Speaker 4: get there, because like I want to be like, when
34:53
Speaker 4: you see a really pretty person, what do you say?
34:56
Speaker 4: Say clean?
34:57
Speaker 3: If I were a past a kidnap, that to me,
35:00
Speaker 3: I do just feel.
35:00
Speaker 2: Like that's good.
35:01
Speaker 4: But anyway, anyway, someone said retirement is way too close.
35:04
Speaker 4: It is not worth a couple of dollars back in tax.
35:07
Speaker 4: Another person said, I really feel like this is the
35:09
Speaker 4: generation my mum is almost sixty and she keeps talking
35:12
Speaker 4: about taking out another car Loan?
35:15
Speaker 3: What is what's with the people?
35:17
Speaker 5: They were a party?
35:18
Speaker 6: I mean, I guess, yeah, I do get what you
35:20
Speaker 6: were saying before about how like they've saved for so long,
35:22
Speaker 6: like maybe they do want to live a life.
35:24
Speaker 5: Yeah, they've probably got to make that money.
35:26
Speaker 4: Totally get that. There was a lot of commentary, so
35:29
Speaker 4: I won't get into like every single response, but there
35:31
Speaker 4: was genuinely a lot of commentary just people saying, look,
35:34
Speaker 4: there seems to be so many like people who have
35:37
Speaker 4: misconceptions about getting money back on tax and I couldn't
35:39
Speaker 4: agree more. Like I go on and on and on
35:41
Speaker 4: about it. And then someone else said, I think she
35:44
Speaker 4: just wants a new card and might be using this
35:46
Speaker 4: as her excuse tbh. And that's probably a really good
35:50
Speaker 4: place to leave it, because like everyone's kind of all
35:53
Speaker 4: on the same train of like, it's really hard to
35:55
Speaker 4: have money conversations with people who maybe aren't ready to
35:57
Speaker 4: hear them. Also, it's really hard to talk about debt
36:00
Speaker 4: with people who really want an asset. Play your cards right,
36:04
Speaker 4: You're the only person that's going to know how your
36:06
Speaker 4: mom's going to receive that, And like how to have
36:08
Speaker 4: that conversation because like even conversing about this, if you
36:11
Speaker 4: two had this idea and I was like, not so
36:14
Speaker 4: keen on it, the way I'd approach Beck and the
36:16
Speaker 4: way I approached Jess very different, right, So it's going
36:19
Speaker 4: to be an each to their own situation. But yeah,
36:22
Speaker 4: I agree with most people in the comments. We all
36:25
Speaker 4: seem to think that getting money back on tax is
36:29
Speaker 4: like the best thing ever, but like saving money is
36:31
Speaker 4: actually better.
36:32
Speaker 6: Yeah.
36:32
Speaker 4: And then the last comment I'll leave you with someone
36:35
Speaker 4: said you should get her to listen to this podcast.
36:37
Speaker 5: Ah, true exactly, So that's a really great place to
36:41
Speaker 5: leave it.
36:41
Speaker 4: We have had a very fun time recording this episode
36:44
Speaker 4: for you, guys, and we will see you bright and
36:46
Speaker 4: early on Monday morning for a money Darius.
36:48
Speaker 5: Have a good weekend, Hi guys.
36:49
Speaker 4: Bye.
36:55
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