August 13, 2026 • 37 mins
Join Victoria and Bec for this week’s edition of Friday Drinks, filled with Broke Tips, Money Wins and a Question of the Week which puts our shower routines in the spotlight.
As always, the crew will be answering your Money Dilemmas, this time concerning income-protection insurance and whether a community member is being medically gaslit by their workplace.
They also chat about how one listener might invest their inheritance for the best outcome. Hear what it sounds like to be humbled by the community’s grooming habits, and give us crispy shower towels or give us death.
CHAT TO SKYE WEALTH: Get a second opinion when it comes to your personal insurances over at www.skye.com.au/shesonthemoney
TUNE INTO OUR INSURANCE PLAYLIST: Run it back with episodes dedicated to insurance. Search ‘How to choose the right insurance’ on Spotify.
CRAVING MORE FRIDAY DRINKS INSPO? Look no further, we’ve made an entire playlist just
for you. Search ‘Friday drinks motivation’ on Spotify.
New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett (nartarshabamblett.com.au)
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4451289
See omnystudio.com/listener for privacy information.
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Episode Transcript
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Speaker 1 (00:00):
My name's Tatasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country te glennyan Ganya, Niana,
Kaka yah y and Binahwaka nian our gay In Mbina,
yak um Jar, Domayagumika Umaga, Ihowaka Nile Waman damon Immalan,
Bumba bang Gadabomba in and now in Waka ghana on
yak rum Jar Watanadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:44):
She's on the Money.
Speaker 3 (00:46):
She's on the Money.
Speaker 4 (00:50):
Hello and welcome to She's on the Money, the podcast
that makes personal finance is fun, especially on a Friday.
Speaker 3 (00:57):
It is Friday drinks time.
Speaker 4 (00:58):
And as we are gathered here today to celebrate you
a wonderful community, I have myself Victoria divine and bech
sayeed hi who we today are joining the community with
a I would say beck juicy banquet. Hell yeah of
money wins plus some broke tips to help drive your
dollars further, which is what we love to see.
Speaker 3 (01:19):
As always, I'll be bringing you a few money.
Speaker 4 (01:21):
Dilemmas from deep within our DMS, and this week we're
discussing family inheritances and how you might spend them, as
well as what happens when.
Speaker 3 (01:29):
Your insurance doesn't quite hit the mark.
Speaker 4 (01:32):
My friends, have you got a dilemma that's just waiting
to be answered, specifically by us, Please, my friends, send
it through to us via the She's on the Money website.
All you have to do is head to the podcast
page and then leave a little voice note, or you
can sneak into our DMS and share it with us
over there. Literally every message is so appreciated, But let's
(01:54):
dive straight into the episode. Okay, Miss bechsayed, do you
know what else we'd appreciate?
Speaker 3 (02:00):
Yes?
Speaker 5 (02:00):
I do? What is it?
Speaker 3 (02:01):
Some praise and some ego boosting, stroking, etc.
Speaker 4 (02:06):
Some five star reviews, star reviews, ah sligh all Right,
Every single week we save a very special spot on
this very podcast to highlight a review from.
Speaker 3 (02:15):
Our lovely community members just like Cheyenne.
Speaker 4 (02:18):
So this was a letter sent to us an email,
but it felt like a letter anyway, to the dear
She's on the money team. I just wanted to say
thank you, truly, deeply, thank you. I've been listening to
your podcast for the past two and a half years,
and I don't think I could ever fully put into
words just how much it has changed my life.
Speaker 3 (02:38):
When I first found you, I was at one of
my lowest points.
Speaker 4 (02:41):
I had just become a single mum after going through
a divorce, and my daughter and I had moved back
in with my dad, sharing a single room. I was
living week to week, juggling childcare costs, bills, and doing
it without any financial support. It was overwhelming and honestly
pretty scary. But your podcast gave me something I didn't
have at the time. It gave me direction, belief, and
(03:02):
a sense of control over my future. I made a
decision that things were going to be different for us.
Fast forward to today, and my life looks completely different.
I was able to save for a business loan and
purchase a small business in my hometown. I now employ
for staff full time and have doubled the business size.
(03:25):
I've built a ten thousand dollars emergency fund, I've invested
thirty thousand dollars into shares, and for the first time,
I feel financially secure. More importantly, I've been creating a
beautiful life for my daughter. She gets to go to
a private school, she does gymnastics, swimming, and netball. And
I've managed to build all of this while maintaining what
(03:47):
I would say is a very healthy work life balance.
None of this happened overnight, but with your guidance, your honesty,
and your constant encouragement, it played such a huge role
in me actually getting there. You didn't just teach me
about money. You helped me change the trajectory of our lives.
From the bottom of my heart, thank you, I'm going
(04:07):
to cry.
Speaker 5 (04:09):
From the bottom of my heart. Thank you for everything
you do. You've made a difference. You've made a difference.
Speaker 3 (04:17):
I can't read it.
Speaker 4 (04:18):
It's all blurry. Did she write it in blurry text?
You've made a difference in more lives than you probably realized.
Mine included with so much gratitude, Chyenne.
Speaker 5 (04:31):
Oh.
Speaker 3 (04:33):
That's so amazing. Isn't that crazy? Oh my goodness, it's crazy. Amazing.
It's crazy.
Speaker 5 (04:43):
It sounds obviously incredible for you, but like to be
for real, I know we're rocking with the coffee and
we have a good time.
Speaker 3 (04:51):
That's crazy, that's what we're doing.
Speaker 5 (04:53):
Yes, seriously, that's like to change the trajectory of someone's
life in a positive way.
Speaker 3 (04:59):
And it's insane for you to like listen to a
podcast and like do all this stuff on your own.
Speaker 5 (05:04):
Like don't get me wrong, Like I know that you're
giving us credit and that's so great, but like we
didn't do the work.
Speaker 3 (05:10):
You did. Yeah, like you did the work.
Speaker 4 (05:12):
Like and I can yell at a brick wall all
day about budgeting and cash flow and girl, I would,
I love it, But people actually have to listen and
do the work. Like I think it's it's one of
those things where it's like somebody copying your homework. You're like,
you can copy my homework, but like to what end,
Like you'll get the mark, it'll say that you're good
at the homework, and then you've got to go out
(05:33):
in the real world. Like it's not going to work
for sure, Like you're not actually going to learn anything.
And I think that for you to do the work
that's the biggest thing. Like, that's the coolest thing ever.
And I just it's so cool that what we do
actually has an impact. That is, that's crazy work for me,
really incredible. That is I'm obsessed. And the fact that
you took the time to write us a whole last letter.
Speaker 3 (05:56):
Yeah, that's why I said.
Speaker 5 (05:58):
It sounded like a letter and I I only ever
read that in my head and then when I read
it out loud, I was like, I didn't realize I
was going to cry. I was like, oh my god,
this is so beautiful. I put it on the show.
Speaker 3 (06:07):
And then thanks for that.
Speaker 5 (06:09):
Thank you, how cud, that's amazing, proud of our community. Well,
I'll tell you what, You've brightened up our morning. That's
for shure, You've frightened up my entire week. Entire week,
oh but my life.
Speaker 4 (06:20):
Literally let's segue into a different section of the podcast.
Speaker 3 (06:24):
Beck, can I ask you a question please? Perhaps a
question of the week. Oh my god.
Speaker 4 (06:30):
Yes, Well really, Mikayla is actually asking us a question,
and I would say this one's like a little bit intimate, okay,
late on me, I thought this was hilarious. Mikayla asks,
in what order do you dry yourself first when you
get out of the shower.
Speaker 5 (06:45):
Yes, yes, yes, yes, yes, great question. I thought when
you said intimate, I was like, we're going to cry again. No, no,
I'm not going to cry again. And also, this isn't
the B and J show.
Speaker 3 (06:55):
This is the B and B show. Yes, this is
like g rated, g rated.
Speaker 5 (07:00):
Okay, so I bring tel I think I do arms
the chest or a grated breast. I want to say,
you're aloud to talk about your boobs, titties, my titties.
Speaker 3 (07:13):
Yes, and then belly yeah.
Speaker 5 (07:15):
And then I do like I don't know about you,
and I feel like anyone who grew up maybe like
without heaps of money. Why do you want to generalize?
But people like me, I think, find a lot of
comfort in the scratchy, the chrispy town, the crispy towel,
crispy town.
Speaker 1 (07:29):
You get it.
Speaker 3 (07:29):
I get it. I don't like a soft towel. No,
don't dry them in the dryer. No, I don't like it.
Speaker 5 (07:34):
No, it has to be dried on the line, Like
if I'm pulling my towel off the line and like
there's a crease when I fold it.
Speaker 3 (07:40):
That's perfect. Like if you take it off the line,
it's still got the.
Speaker 5 (07:43):
Yeah, it's like you pull it exactly and then you
pull it up. It's like rock hard. It's like you
need to shake it back to it. Yeah, but like
you want the exfoliation. I think it's really experience.
Speaker 3 (07:54):
I agree always.
Speaker 5 (07:54):
It just doesn't like it just moves the water around
your body if it's too soft, so you're gonna have
a crispy town.
Speaker 3 (08:00):
And then I'm exfoliating my back with it, you know
those like yeah, yeah, yeah, the scrub it up. But
I do that too. I like, oh my god, maybe
and then one leg the other leg, and then you know,
do you wash your hair every time you shower? I
think I do.
Speaker 5 (08:14):
I have never really understood like hair care very well,
so see I don't.
Speaker 4 (08:19):
Yeah, okay, and I wash my hair, and like some
people are going to think this is like crazy work,
but like I only wash my hair once a week,
which I also think for a lot of people is
going to be really normal. But then for other people
they're like absolutely not. I wash my hair every day, yeah,
because like some people get really oily hair really quickly.
Speaker 5 (08:36):
I just don't.
Speaker 4 (08:36):
Yeah, like go, I'm not styling my hair every single day.
I have a lot of it, and I style it
like no, yeah, so it depends if it's a hair
day or a not hair day.
Speaker 5 (08:46):
I ha, got you, Okay, got you. If it's a
hair day, yeah, I like get out of the shower
and I have wet hair, and I put the towel
all around me and then like quickly drive my legs
and like kind of forget about my mid section if
I'm being honest, and then flip my hair upside down
and put the towel on my hair.
Speaker 3 (09:03):
Don't worry about the mids.
Speaker 5 (09:04):
No.
Speaker 4 (09:06):
Do you have a special thing with your hair, Yeah,
like turbin it up. And then I'll do like my
skin care, like put some moisturizer and stuff on before
I even get to work on my hair, because I
feel like the hair needs like a little minute.
Speaker 3 (09:18):
Just like in the turbine. Do you get int of water? Yes, absolutely,
and I've heard microfiber is good for it.
Speaker 4 (09:24):
And then I'll like do that, got my moisturizer on,
I'm still a little bit damn Yes. Then I flip
my hair back and like scrub it up like the
way that people say that you're not meant to when
you're like, quote, looking after your hair.
Speaker 3 (09:37):
I like, scrub the hell out of my hair with
my towel upside down.
Speaker 4 (09:40):
Yeah, and then I take the towel, flip my hair
back and wrap the towel around my mid section and
that's when my mid section gets dryed.
Speaker 3 (09:47):
Yes, okay, got you clever? Efficient as well. I don't
know if that's efficient. Did you know?
Speaker 4 (09:53):
I saw a TikTok the other day, which seems to
be like the common phrase in my life. I'm chronically
and it. She was an American girl, so I'm not
sure if this is like an American thing or not.
But she was like, guys, I just learned that not
everybody puts lotion on after they shower.
Speaker 3 (10:09):
And I was like, what, like yeah, do you know?
Speaker 5 (10:14):
No?
Speaker 3 (10:14):
Same? No, Like I get out of the shower, I
dry my body. That's it. Deodorant, yes, yeah, lotion like lotion. No,
that's special.
Speaker 4 (10:23):
Occasions, totally, Like that's maybe when I've done and everything shower.
Speaker 3 (10:28):
Yeah, I've shaved my legs. I then do some lotion.
It's a pampa knife, it's a pampa NI like that
is special. She's like no, no, no, Like I lotion
my body and then I oil my body. Does not
everybody do this?
Speaker 5 (10:40):
Wow?
Speaker 3 (10:41):
She would be soft as hell?
Speaker 4 (10:43):
Yeah, but can people in the comments section on Spotify
please let me know?
Speaker 3 (10:47):
Are we just not doing it right?
Speaker 5 (10:49):
Like? Yeah? Like because I was at the supermarket the
day after I saw that TikTok and I was like,
oh wow, there are a lot of body lotion options
for sale at the supermar Yeah.
Speaker 3 (11:01):
Are we meant to be doing this?
Speaker 5 (11:03):
Like?
Speaker 3 (11:03):
Are we meant to like body lotion our whole bodies
body lotion? Of course? It literally just hit me body lotion, Like,
are people doing this every day? Tell us with what
time you surely would shower in the night time if
you're body lotioning. See, like, I can't imagine anything worse
same because you're all s.
Speaker 4 (11:21):
Can you imagine putting on nice soft pajamas after lotioning
and trying to like pull them up your leg.
Speaker 5 (11:28):
No, get into your sheets and you're like sliming, like
sticking to the I don't know, I wouldn't be not
an option.
Speaker 3 (11:34):
Yeah, what time do you do it?
Speaker 4 (11:35):
I don't know unless I'm going out and I'm putting
like some lotion on my legs or like your arms
or something. Because I want my skin to look nice after.
Speaker 5 (11:43):
You know, then you do it after you get dressed already,
you don't get slime everywhere.
Speaker 4 (11:47):
Nah, See this is not okay? Yeah, tell us what
the process is if you do do it, and what's
like the right process? Yes, and how do we find
out the right process exactly? Who's going to teach us?
Speaker 3 (11:58):
It's crazy? Maybe body each person thing? Maybe?
Speaker 2 (12:02):
Yeah?
Speaker 4 (12:03):
All right, Well, if you guys have a very specific
question that you would like us to answer on the show,
quite clearly, we are open to anything, please, so send
them through. We cannot wait to read them. And the
more diabolic, all the better, I fear, absolutely please. Now
I feel a bit spoilt that I get to read
this week's money wins. It's been a real privilege to
(12:24):
hear what our community has been spending their money on
and celebrating and winning.
Speaker 3 (12:28):
So let me dive straight in, sure, okay. First one
is from Milana.
Speaker 5 (12:34):
So Alana has said that she's been eyeing off this
Kathman do long puffer coat for the longest time, right,
And I feel like this is something that we're all
doing heading into like the cooler season, Like we're all like, oh,
it's like, July, what the heck, like, we need a
new puffer anyway, She said that she couldn't justify it
because it was four hundred and ninety nine dollars and
(12:55):
ninety five cents okay.
Speaker 4 (12:58):
Then it went on sale and she was like, oh,
I'm interested. Came down to two hundred and sixty nine
dollars yes, and then on the website she found a
ten percent off welcome coach. Yes, so that brings it
down to two hundred and forty two dollars and ten
cents okay. And then she had one hundred dollar birthday
voucher that she'd asked for because she really really wanted
this coach. Incredible, that brings it down to one hundred
(13:19):
and forty two dollars and ten cents. And so like,
we're getting there, rat, there's not more, Yes, there's one more.
And then she did shop back. So she did her
shop back app and received twenty six dollars and ninety
cents back, So that means that she paid a total
of one hundred and fifteen dollars and twenty cents. She said,
(13:39):
I'm very happy. I've already worn it four times and
I'm gonna wear it basically every day. Oh my god,
from five hundred bucks one hundred and fifteen yees, and.
Speaker 3 (13:47):
She like sent us her photo. It's really cute and
it looks so warm. It does a very warm Yeah,
it's like a movie pink. Yeah, so chic.
Speaker 4 (13:55):
Anyway, I thought that was really really cool, and the
fact that she like gave me the map just tickled
something in my brain. I agree, I agree, I loved it.
Not how you got there exactly. Our next one is
from a friend called Tara. She says, my mortgage will
have a one in front of the number that we
owe on it this payday. It's still obviously a large number,
(14:17):
but I cannot wait.
Speaker 3 (14:18):
To see it drop. Oh my god, that's so exciting.
Speaker 4 (14:21):
Also, is it bad that my immediate thought was like
a million or one hundred thousand? I know, same, That's
what I'm thinking, is that, Actually I'm going to assume
that she's only got one hundred thousand dollars left, because like,
in this economy, a million dollar mortgage makes me feel sick.
So about anyone's like.
Speaker 5 (14:36):
Oh yay, unless she's gone from having a two million
dollar mortgage, true, at which point must be nice.
Speaker 3 (14:43):
It must be nice. Must be nice. That is a
big drop though.
Speaker 4 (14:45):
Okay, I've got another one from Bianca, and Bianca said,
I actually enter a lot of competitions online, which as
we know, Jest did recently and she won that face
mask that was like eight hundred bucks. And she says
that she finds them on Instagram and then surveys and
stuff from local shopping centers.
Speaker 3 (15:02):
And she said, I recently thought I should check.
Speaker 4 (15:05):
My emails and search the term one oh, just in
case I missed an email telling me that it won something. Well,
there was an email telling me that i'd want a
prize for filling out a survey from the local shopping center.
Speaker 3 (15:18):
The prize was a one hundred dollars calls voucher.
Speaker 4 (15:21):
I also did a focus group last year and I
still have the gift card voucher from that too, And
I have quite a lot of rewards points in my
tailstra account. So I'm going to buy another Woolworths gift card.
Oh my god, Okay, I can't something about it out.
Speaker 3 (15:33):
I think we need to do this. That's crazy straight
after we and so good.
Speaker 4 (15:37):
But also I think that if I saw one of
those emails come through, I'd just assume it was spam,
and like I never opened my email like stuff unless
it's like a work thing, I.
Speaker 3 (15:45):
Know, like get in touch another way.
Speaker 5 (15:47):
But also so that's not on them if you don't
want to look for the money you won, that's true.
I suppose that's true. And also you think it's spams
they called or texted, you.
Speaker 4 (15:56):
Know, exactly? Yeah, okay, fair, all right, this one's from Jennifer.
I didn't even think of this as an option, so
I think it's a really good one. Jennifer said, I
was spending thirty bucks a week on takeaway coffee before work.
Speaker 5 (16:10):
Okay, relatable, fair, I switched to the Hungry Jacks app.
Yes for the two dollars and seventy five cent coffee daily,
which means my coffee is now total thirteen dollars seventy
five and every five coffees is free.
Speaker 4 (16:26):
Hell yeah, We'll still support my local cafe when I can,
but now I even get to have a drive through coffee.
Oh so she's saving money and not even have to
get out of the car.
Speaker 3 (16:36):
Yeah, I know, that's amazing. Actually, that's actually incredible.
Speaker 5 (16:40):
Like I didn't even think about Hungry Jacks when it
came though, Like in my head, I'm like takeaway coffee,
Like I said, you know fast food, right, Yes, I
go make cafe.
Speaker 3 (16:50):
That's the only place that does coffee. Yeah, I wouldn't
even think about dollars seventy five for a coffee in
this economy. If it's good, though, you know what, it's
worth trying.
Speaker 5 (16:59):
It's worth trying, and you know what, I think they
would have to be good because they have competition, like mcafe,
and I'm gonna lie I would say that I'm a
coffee snot because I just don't like a bad cup
of coffee, but I'm also not snobby about where it
comes from.
Speaker 4 (17:13):
I love a seven to eleven coffee. I think McCafe
does a pretty good job. Agreed, Like, you can't complain. No,
that's so true, I can't complain.
Speaker 3 (17:22):
And then this one.
Speaker 4 (17:22):
I don't usually share the anonymous ones because like, I
love being able to chat to our community with their names,
but I thought this was really good. Our friend genuine
Grapefruit said name, I've been out of work for the
longest time. I just got a full time job. I'm
now going to be able to go back to saving
(17:45):
and investing and get out of debt.
Speaker 3 (17:47):
Oh my god, amazing, isn't that so good? Amazing, so good?
Speaker 5 (17:50):
And I feel like that's where we're going to leave
it this week because that's just good vibes and I
love that for everybody. Agreed, Miss Beck sayed, Yes, that
was a treat and I feel like the treats are
going to continue because you've got some broke tips for me.
Speaker 3 (18:04):
I do, I certainly do.
Speaker 5 (18:06):
OK, what are your sweet sweet broke tips this week?
So this first one comes from Medisine, who says I
save my clothes and socks that have holes to then
cut them up and uses rags for things like working
on the car and misk dirty jobs around the home.
Buying a bag of rags to do the same thing,
it's twenty five bucks. So I think that's such a
good idea. There are times when you're like I need
something gross, yeah, but not too gross to clean this
(18:29):
one random thing, like the oil stick in your car
when you're checking your oil. It's like, what do you
use here? You don't want to use something like a tissue.
I always use a tissue, but something like this where
it's just like a dirty old rag. Yeah, fantastic idea.
And then this one comes from Sus who says, I
use today Ticks, and I have mentioned Promatics before, but
never Today Ticks. Use Today Ticks to get theater tickets
(18:51):
fifty five dollars each for one hundred and sixty nine
dollars tickets.
Speaker 3 (18:54):
Someone else got two.
Speaker 5 (18:55):
Tickets to Mulin Rouge for thirty dollars each and they're
usually two hundred and ninety dollars. And so today Ticks
is basically where you can access limited time offers on
premiere or premiere or Premier.
Speaker 3 (19:08):
I couldn't help you.
Speaker 5 (19:10):
I can't understand what I'm but I think people know
that you guys know performance with today Ticks, so it's
like limited time. It could be like same day tickets
or like very short notice tickets where you can just
get like cheap things. And don't get that confused with Promotics,
which is a different website where you can get cheap
tickets for reasons unknown.
Speaker 3 (19:30):
I love that. What's your broke tip?
Speaker 5 (19:32):
And my one, well, it's probably a little bit silly,
but I was without job for a little while the
start of Y and I was just thinking how did
I get through that? And I remember I asked all
of my friends, like if I could do all their
little annoying jobs, and you'd be surprised if you just
like reached out to people in your neighborhood. I was
paid nine dollars to change my friend's bed sheets, and
it's paid thirty dollars an hour to clean my friend's room.
Speaker 4 (19:55):
And so just like have a look around and seek
an hour to clean someone else's room.
Speaker 3 (19:59):
Good, that would be a fun time.
Speaker 5 (20:01):
I took my goddamn time with it, that's for sure,
because I really wanted to stretch this money. I think
like when I do have a job, I'm like, hell yeah,
I pay for someone like twenty bucks to go do
my laundry for me. And if you don't have a job,
then hell yeah, you'd go do someone's laundry for them
for twenty.
Speaker 3 (20:16):
Did you ever get on air Tasker?
Speaker 5 (20:17):
I tried to go on air Taskar, but it is
scarier when you don't know that person you know, true,
And I think that when there's this level of professionalism
that you have to uphold when you're like, hey, I'm
just like a regular person trying to make a buck.
That's what I found on air Tasker, and I've been
using air Tasker a fair bit recently, just for like
jobs around my house that I need doing.
Speaker 3 (20:36):
True, true, trying to Like I kind of like it
that a regular person turns up and it's not like
a yeah no, like I have now made friends with
one of them. It's so cute.
Speaker 5 (20:46):
True. Well, that's a great addition to this is that like, yeah,
jump on air task beause if anyone needs some little
bits and bobs.
Speaker 4 (20:52):
Yeah, like and you can just like get a profile.
And this is not promo, by the way. I just
thought it was really cool because I was thinking fire out.
Did Beck try that? Because you don't have to like
accept any of the jobs. You can just look at
what's available. And like, obviously I'm not going to go
into some random person's house and change their sheets like
that would not you know, that would not make me
feel comfortable if I didn't know them. But like if
(21:13):
they need an errand done or like, can you pick
this up for me from KMA or something, Yeah, yeah,
I'll do that and drop it at your front door.
Speaker 3 (21:20):
I don't worry. What a good deal? What a good deal?
Speaker 5 (21:23):
All right?
Speaker 4 (21:23):
Well, I hope that Beck's Little Broke Tips section reminded
you that it does pay to be a little bit
more curious and a little bit out there now, maybe
a little bit more proactive in the ways that you
spend and make money, because you never know what savings
you could literally make along the way. Let's take a
really quick break, because when we return, it is time
for our money dilemma. All right, my friends, it is
(21:48):
time to tune into this week's money dilemma. And you're
not going to be surprised. It goes exactly like this.
Speaker 5 (21:56):
Hi. There, have you got a money dilemma you just
can't solve the She He's on the Money team is
here to help. Every week we tackle your dilemmas, both
big and small, to answer your most burning money, career
and life questions. To get involved, simply head to our
website and leave us a short voice recording and you
might just find yourself on the show.
Speaker 3 (22:14):
Now, let's take a listen to this week's money dilemma.
Speaker 2 (22:19):
Hi, She's on the Money Team. I have a dilemma.
I'm twenty six and I'm working part time as a
contractor as a sole trader, and I'm also studying. I
took some time out of the workforce to care for
my dad, who was really unwell and he's since passed away.
He left me a small inheritance and I'm not sure
what to do with it. I have sixty thousand dollars
(22:39):
in savings. I would like to buy a house in
the next few years, and my super is a little
below average, basically because I took some time out of
the workforce. He's left me thirty five thousand dollars in
Telstra shares and about seventeen thousand dollars in cash. Where
should I put my money from the inheritance to make
(23:00):
my dad proud? Thank you?
Speaker 5 (23:02):
Stop.
Speaker 3 (23:04):
I was already crying at the start of this episode.
Speaker 5 (23:06):
And then at the end of that I was like, okay, inheritance,
I can deal with that, and she's like, where can
I put this money to make my dad proud?
Speaker 2 (23:12):
Oh?
Speaker 3 (23:13):
I'm so so sorry for You're lost by the way.
Speaker 5 (23:15):
That's but also what a human So you took time
out to look after your dad because he wasn't well.
Oh my goodness, Like, I hope if I'm not well,
I'm surrounded by people who.
Speaker 3 (23:26):
Want to do that for me. Is that a bad
thing to wish? Like He's I don't know. It just
feels like really wholesome and you just sound like a
good human. Beck, What would you do.
Speaker 5 (23:35):
When she's mentioned super My immediate thought was like, oh,
that's probably a good thing to like saw some money
into just burst up a little bit, and so you
like make sure you're on the right track.
Speaker 3 (23:45):
What if that looks like for your specific goals.
Speaker 5 (23:49):
But I also am thinking, because she wants to buy
a house maybe or property soon, then putting money into
shares maybe not the best Lady. If it's like within
the next couple of years you're wanting to buy a property,
you'd want to put that money somewhere where you can
still access it and it's not too like volatile. Maybe
(24:10):
is there still that super saver first host Home Super
Saviors scheme First Home super super Saviors Queen, I'd probably
put the seventeen in that. I'd maybe leave the shares
if I smart idea, you know, put the seventeen. I
feel so happy, ibew, Is this what you think is
a good idea? No, I hadn't even thought of it.
Speaker 4 (24:28):
But that's a pretty good idea. That's a good suggestion. Incredible,
especially if you said, like I want to, you know,
buy property. Putting seventeen grand through the first Home super
Savior scheme, you'd only be able to do fifteen thousand
dollars this financial year, and then you'd be able to
do the rest next financial year. But by that time
you might have some more savings that you could put in.
But essentially you'll get like some tax back on that
(24:50):
money because it was a contribution that you made post tax.
That means that that money's going to go further. And like,
I don't know the most important thing to you, I
was making your dad proud, and like you probably told
him that you were saving for a home and he
was just like super stoked to help you get there.
Like that's gonna like turbo charge that.
Speaker 5 (25:09):
But even just like you sound like a person who
who would be proud of anyway, Like you took time
off work, take care of him, Like you whatever you
do with this, even if you treated yourself to a
wild adventure.
Speaker 4 (25:20):
Yeah, he's going to be proud of you. Yeah, regardless
of what you did with the money. To be honest,
absolutely that's dad vibe. And I feel like the way
you're speaking about him in that voice, note I was like,
oh you had a really good You wasn't just like oh,
I had to look after my dad, Like, yeah, you
clearly had a really good close relationship with him, So
my queen like, you could probably frivolously spend all of
it and he's probably still there being like.
Speaker 3 (25:40):
Yeah, queen, go, I love that for you.
Speaker 5 (25:42):
Really.
Speaker 4 (25:43):
I have done episodes on inheritance before and showing it
the respect that I think it deserves, so I would
go and listen to those. But it sounds like you're
well on the way. I would have a look at
your super especially because it is behind because of those
caring duties. Like I don't know, this is just personal opinion,
but I don't think your dad would want to see
you behind because of that time that you took out.
(26:05):
So maybe doing a little bit of a top up
there is not the worst thing. Maybe getting a little
bit of advice and chatting to some people on those
shares is a good idea, because I don't know when
they were purchased. You would have some capital gains issues
if you did sell them, and that is maybe something
you don't want. So maybe that thirty five thousand dollars
Intelstra shares is like the start of your investment portfolio,
(26:26):
and we leave that there and then we keep contributing
and then you know, you reach financial freedom. Like that's
a pretty cool thing to achieve. So yeah, I think
it's just about sitting down and like maybe mapping out
all the options you have.
Speaker 3 (26:39):
Not hey, Beck, what do you want to do with this?
But more hey what could you do?
Speaker 4 (26:43):
Oh? I could take around the world scrip or I
could put it on my super I could do this,
like write them all down. It's like when you see
it in front of you, it's so much easier to
be like, oh, actually i'm crossing that off the list.
Speaker 3 (26:53):
That's not as important. Oh I'm crossing that off. Do
you know what I mean?
Speaker 4 (26:56):
Like to a little list moment, and that could help
you see it. Sometimes we need the visual exactly. But
that's what I would be saying.
Speaker 3 (27:03):
But yeah, I think what if you do? I think
your dad'll be very proud. Yeah, and I'm just a
bit sad, like I'm sorry, Yeah, that sounds really trash.
Speaker 5 (27:12):
I know you'd give it all back to have your
dad back. So anyway, so let's move on. I feel like, well,
that dilemma was about you building your future. We got
a DM and it concerns the past. It I think
is quite concerning. So he community member wrote into us
and said, Hi, she's on the money. I have a
finance issue that I'd love to be unpacked or to
(27:34):
be pointed to an episode where you maybe.
Speaker 3 (27:36):
Have discussed this before.
Speaker 4 (27:38):
I've been with the same employer for nineteen years and
have had the same super with income protection since then. Recently,
I was made aware that my income wasn't being updated
in line with my twice yearly pay rises and promotions
over the years, and was listed as sixty three thousand
dollars when I now earn one hundred and forty five
(28:00):
thousand dollars. So when she's saying that she's talking about
how much income she earns for her insurance, gotcha. I
have tried to update it, but I have been subjected
to a mountain of forms, signing a medical release and
even an in home medical exam. This morning, I was
told they won't increase my listed income because your quote, height, weight,
and your medical history deems you too much of a risk.
(28:22):
I feel sick about this, not being able to protect
myself financially. What avenues can a person take in a
situation to actually have protection? Any advice is so much appreciated.
Speaker 5 (28:35):
It's a really tricky one. My first law is like
you're probably paying less premium. So when you update, you
just like don't worry about the past, just like update
your income.
Speaker 3 (28:45):
And then now I realize it. It's like it's quite
a process.
Speaker 5 (28:47):
But I don't really know with like I'm like income
protection or is what I'm assuming for this particular insurance.
So they need to like, you know, match or at
least you like eighty percent of your current income. Know
if the worst was to happen in touch, would I
don't know enough about it to be like, do they
have to like is that just like a default that
they keep up to date with your current salary or you.
Speaker 3 (29:11):
Have to update them? Is it your job, your responsibility?
Speaker 4 (29:14):
Okay, Well they don't have a financial advisor on this,
so it's nobody's responsibility. But this okay, And so if
they did it earlier, then maybe it would have been Yeah,
maybe you could have stepped it up without because it's
such a big step the insurer really wants to go. Okay, well,
let's assess the situation. What I would say in this
particular circumstance is that's just with one company, Like please
(29:38):
go get financial advice. Like I'm not being paid to
say this right now, but go and speak to sky Wealth,
like they are phenomenal at what they do, and sky
Wealth are not just going to look at that one company,
but every company on the market and go, Okay, well,
clearly you've got a like a height and wait, like
I don't want to say issue, but like when it
(29:59):
comes to ensue, that is an issue I don't like.
From me personally, I think it's an absolute junk thing
to consider because somebody's BMI. From my perspective, they could
be the fittest person in the world and have a
really high BMI and then somebody who's anyway. I think
it's the dumbest thing ever. Yeah, but it is something
(30:19):
that insurers care about. Different insurers have different BMI margins,
They look at different things, They take things into consideration.
Go and talk to sky Wealth, tell them what you've
been through, and they can reassess all of it and
make sure that you get the right cover because just
because one company has declined you does not mean you
can't get another company to cover you and another situation
(30:42):
to arise. And I just I feel like that was
very arduous for a company that you don't even know
if you want to stick with, if that makes sense,
Like I would have just go back to the drawing
board be like, okay, cool, I'll talk to an advisor
and have all of this sorted out. But thankfully it's
not end of the world, because there are lots of
insurers out there. But also it's phenomenal that you already
(31:06):
have that cover because if there are some like and
obviously I don't know your situation, but you said your
medical history deems you too much of a risk, Like
maybe you genuinely and I don't want to scare you,
maybe you aren't insurable, but you already have a sixty
three thousand dollars policy true, which.
Speaker 3 (31:22):
Is now gold.
Speaker 4 (31:23):
We're not going to get rid of that, like we're
going to look at what else we could supplement with.
And I think that that's actually a really good situation, stressful,
but good situation.
Speaker 5 (31:32):
To be in. Absolutely, that's a great way to look
at it.
Speaker 4 (31:35):
Anyway, that's where I would go with it and just
go get a professional to look at it. Unlike every
other situation, no doesn't mean no, yeah yeah exactly, So
I just I think it's really important to just get
somebody who knows their stuff and can go, oh well, actually,
in this situation over here would be your best option.
Speaker 3 (31:53):
Yeah, no, that's great, And what did the rest of
the community have to say?
Speaker 5 (31:56):
So?
Speaker 4 (31:56):
The first question I asked the community was have you
ever reviewed your income protection insurance?
Speaker 3 (32:02):
This the one makes me mad? Okay.
Speaker 5 (32:05):
Only fourteen percent of you said yes regularly, guys, come on,
come on, but I will.
Speaker 4 (32:11):
Twenty two percent of you said yeah, I did it once. Okay,
that's good, We're getting you better. But then sixty four
percent of you said no, never. Australia is literally the
most underinsured country in the world.
Speaker 3 (32:24):
That's wild.
Speaker 4 (32:26):
Don't let us be also underinsured? Like, get it together anyway.
The next question I asked was how confident are you
that your insurance cover matches your current circumstances. Sixteen percent
of you said very confident. Okay, that's not many.
Speaker 5 (32:42):
Twenty nine percent of you said I think I'm somewhere
in the middle, and then fifty five percent of you
said I'm not confident at all.
Speaker 3 (32:48):
Okay, that's okay. Never too late.
Speaker 4 (32:49):
This is becoming an entire ad for Sky Wealth. I'm
gonna call them up later. And be like, you need
to pay me because all I did was talk really good.
Speaker 3 (32:57):
Things about you. But you guys need a call Sky anyway.
Speaker 4 (33:01):
Then I asked, before today, did you know your income
protection cover might not actually automatically increase with your salary?
Speaker 3 (33:07):
Right? Yes?
Speaker 4 (33:08):
And seventy two percent of you said no. Oh god,
So most of us apparently don't know that that's a thing.
And that's okay. But that's why I've been on my
high horse and my friend box and I've been yelling,
please review your insurances regularly.
Speaker 3 (33:24):
Anyway.
Speaker 4 (33:24):
Then I went and said, what's your two cents? Most
of the comments said go through a financial advisor. Another
person said I'm just a girl and I have the
same questions. Another person said send help. This is also me.
Speaker 3 (33:36):
I love this.
Speaker 4 (33:37):
We're all in this together like we're in a sinking ship,
but we're singing, you know exactly. Someone commented, Sky Wealth,
have you not been listening.
Speaker 3 (33:45):
To Victoria, I've created a cult, gordo it.
Speaker 4 (33:49):
Someone else said I wouldn't let this go and then
I would look at other super companies and seek some advice.
I'd be like a dog with a bone. But they
did that in emojis which I really appreciate. Someone else said,
I became uninsurable at twenty two, and then she did
the nail painting emoji. Oh the hell, well, it happens. Unfortunately,
(34:09):
she's clearly being facetious. She said, I'm just doing my
best to set everything else up financially. So maybe it's
not just about insurance but having a solid income stream.
Speaker 3 (34:19):
Yes, very true.
Speaker 4 (34:20):
Someone else said, same situation, and I really can't afford
to change it. It's an absolute joke. Another person said,
due to my health issues, I'm unable to increase mine
and the stress it's causing me is insane. And someone
else said, I've definitely learned something today. I didn't even
know that was a thing. I'm running to my insurances now.
Speaker 3 (34:38):
Oh my god.
Speaker 5 (34:39):
I wonder how much like panic that set off in
people when like reading that.
Speaker 3 (34:43):
But no, I don't want to panic you.
Speaker 4 (34:45):
But then the last comment that I want to share
was like, thank god to she's on the money. I've
reviewed all of my insurances and I increased my income protection.
Speaker 3 (34:54):
Oh incredible.
Speaker 5 (34:55):
I love this for you, But don't feel bad if
you're like, oh, I'm uninsurable now or I can't get
it now. Just know that they're maybe from the moment
your salary increased you couldn't have. Yeah, don't think about
like what if just be where you are yep.
Speaker 4 (35:09):
And if you've been through that situation and you've been
told we'll actually no, you can't increase your insurance or
you are uninsurable, the first thing I would be doing
is going and getting financial advice and talking to an
insurance specific financial advisor to be like, what are my options?
Because they're going to be like a dog with a
bone and be like this is a game to them.
(35:30):
They're going to go great, no worries, shitty situation, How
can I help you?
Speaker 5 (35:34):
For sure?
Speaker 4 (35:34):
They're going to get you out of that situation ideally,
and if they can't, they're going to help you create
a plan to be like all right, well Beck, we
can't insure you for this, and this here's the outcome
that we should be working towards to make sure you're
in the best possible position for sure which money and
life win that's going to alleviate your stress. All Right,
my friends, I think that is all we have time
for today, but we'll be back with a fresh new
(35:56):
week tomorrow with a money diary for you to sink
your teeth into.
Speaker 3 (36:00):
If you enjoyed this episode.
Speaker 4 (36:02):
Please tell a friend, tell a neighbor, call up your mum,
and if you really enjoyed it, please leave us a
chicul little review and.
Speaker 3 (36:08):
Thank you for tuning in and being part of our
She's on the Money community. Thank you, We love you.
Bye bye.
Speaker 4 (36:18):
The advice shared on She's on the Money is general
in nature and does not consider your individual circumstances. She's
on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
If you do choose to buy a financial product.
Speaker 5 (36:33):
Read the PDS TMD and obtain appropriate financial.
Speaker 3 (36:37):
Advice tailored towards your needs.
Speaker 5 (36:39):
Victoria Divine and She's on the Money are authorized representatives
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My name's Tatasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country te glennyan Ganya, Niana,
Kaka yah y and Binahwaka nian our gay In Mbina,
yak um Jar, Domayagumika Umaga, Ihowaka Nile Waman damon Immalan,
Bumba bang Gadabomba in and now in Waka ghana on
yak rum Jar Watanadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:44):
She's on the Money.
Speaker 3 (00:46):
She's on the Money.
Speaker 4 (00:50):
Hello and welcome to She's on the Money, the podcast
that makes personal finance is fun, especially on a Friday.
Speaker 3 (00:57):
It is Friday drinks time.
Speaker 4 (00:58):
And as we are gathered here today to celebrate you
a wonderful community, I have myself Victoria divine and bech
sayeed hi who we today are joining the community with
a I would say beck juicy banquet. Hell yeah of
money wins plus some broke tips to help drive your
dollars further, which is what we love to see.
Speaker 3 (01:19):
As always, I'll be bringing you a few money.
Speaker 4 (01:21):
Dilemmas from deep within our DMS, and this week we're
discussing family inheritances and how you might spend them, as
well as what happens when.
Speaker 3 (01:29):
Your insurance doesn't quite hit the mark.
Speaker 4 (01:32):
My friends, have you got a dilemma that's just waiting
to be answered, specifically by us, Please, my friends, send
it through to us via the She's on the Money website.
All you have to do is head to the podcast
page and then leave a little voice note, or you
can sneak into our DMS and share it with us
over there. Literally every message is so appreciated, But let's
(01:54):
dive straight into the episode. Okay, Miss bechsayed, do you
know what else we'd appreciate?
Speaker 3 (02:00):
Yes?
Speaker 5 (02:00):
I do? What is it?
Speaker 3 (02:01):
Some praise and some ego boosting, stroking, etc.
Speaker 4 (02:06):
Some five star reviews, star reviews, ah sligh all Right,
Every single week we save a very special spot on
this very podcast to highlight a review from.
Speaker 3 (02:15):
Our lovely community members just like Cheyenne.
Speaker 4 (02:18):
So this was a letter sent to us an email,
but it felt like a letter anyway, to the dear
She's on the money team. I just wanted to say
thank you, truly, deeply, thank you. I've been listening to
your podcast for the past two and a half years,
and I don't think I could ever fully put into
words just how much it has changed my life.
Speaker 3 (02:38):
When I first found you, I was at one of
my lowest points.
Speaker 4 (02:41):
I had just become a single mum after going through
a divorce, and my daughter and I had moved back
in with my dad, sharing a single room. I was
living week to week, juggling childcare costs, bills, and doing
it without any financial support. It was overwhelming and honestly
pretty scary. But your podcast gave me something I didn't
have at the time. It gave me direction, belief, and
(03:02):
a sense of control over my future. I made a
decision that things were going to be different for us.
Fast forward to today, and my life looks completely different.
I was able to save for a business loan and
purchase a small business in my hometown. I now employ
for staff full time and have doubled the business size.
(03:25):
I've built a ten thousand dollars emergency fund, I've invested
thirty thousand dollars into shares, and for the first time,
I feel financially secure. More importantly, I've been creating a
beautiful life for my daughter. She gets to go to
a private school, she does gymnastics, swimming, and netball. And
I've managed to build all of this while maintaining what
(03:47):
I would say is a very healthy work life balance.
None of this happened overnight, but with your guidance, your honesty,
and your constant encouragement, it played such a huge role
in me actually getting there. You didn't just teach me
about money. You helped me change the trajectory of our lives.
From the bottom of my heart, thank you, I'm going
(04:07):
to cry.
Speaker 5 (04:09):
From the bottom of my heart. Thank you for everything
you do. You've made a difference. You've made a difference.
Speaker 3 (04:17):
I can't read it.
Speaker 4 (04:18):
It's all blurry. Did she write it in blurry text?
You've made a difference in more lives than you probably realized.
Mine included with so much gratitude, Chyenne.
Speaker 5 (04:31):
Oh.
Speaker 3 (04:33):
That's so amazing. Isn't that crazy? Oh my goodness, it's crazy. Amazing.
It's crazy.
Speaker 5 (04:43):
It sounds obviously incredible for you, but like to be
for real, I know we're rocking with the coffee and
we have a good time.
Speaker 3 (04:51):
That's crazy, that's what we're doing.
Speaker 5 (04:53):
Yes, seriously, that's like to change the trajectory of someone's
life in a positive way.
Speaker 3 (04:59):
And it's insane for you to like listen to a
podcast and like do all this stuff on your own.
Speaker 5 (05:04):
Like don't get me wrong, Like I know that you're
giving us credit and that's so great, but like we
didn't do the work.
Speaker 3 (05:10):
You did. Yeah, like you did the work.
Speaker 4 (05:12):
Like and I can yell at a brick wall all
day about budgeting and cash flow and girl, I would,
I love it, But people actually have to listen and
do the work. Like I think it's it's one of
those things where it's like somebody copying your homework. You're like,
you can copy my homework, but like to what end,
Like you'll get the mark, it'll say that you're good
at the homework, and then you've got to go out
(05:33):
in the real world. Like it's not going to work
for sure, Like you're not actually going to learn anything.
And I think that for you to do the work
that's the biggest thing. Like, that's the coolest thing ever.
And I just it's so cool that what we do
actually has an impact. That is, that's crazy work for me,
really incredible. That is I'm obsessed. And the fact that
you took the time to write us a whole last letter.
Speaker 3 (05:56):
Yeah, that's why I said.
Speaker 5 (05:58):
It sounded like a letter and I I only ever
read that in my head and then when I read
it out loud, I was like, I didn't realize I
was going to cry. I was like, oh my god,
this is so beautiful. I put it on the show.
Speaker 3 (06:07):
And then thanks for that.
Speaker 5 (06:09):
Thank you, how cud, that's amazing, proud of our community. Well,
I'll tell you what, You've brightened up our morning. That's
for shure, You've frightened up my entire week. Entire week,
oh but my life.
Speaker 4 (06:20):
Literally let's segue into a different section of the podcast.
Speaker 3 (06:24):
Beck, can I ask you a question please? Perhaps a
question of the week. Oh my god.
Speaker 4 (06:30):
Yes, Well really, Mikayla is actually asking us a question,
and I would say this one's like a little bit intimate, okay,
late on me, I thought this was hilarious. Mikayla asks,
in what order do you dry yourself first when you
get out of the shower.
Speaker 5 (06:45):
Yes, yes, yes, yes, yes, great question. I thought when
you said intimate, I was like, we're going to cry again. No, no,
I'm not going to cry again. And also, this isn't
the B and J show.
Speaker 3 (06:55):
This is the B and B show. Yes, this is
like g rated, g rated.
Speaker 5 (07:00):
Okay, so I bring tel I think I do arms
the chest or a grated breast. I want to say,
you're aloud to talk about your boobs, titties, my titties.
Speaker 3 (07:13):
Yes, and then belly yeah.
Speaker 5 (07:15):
And then I do like I don't know about you,
and I feel like anyone who grew up maybe like
without heaps of money. Why do you want to generalize?
But people like me, I think, find a lot of
comfort in the scratchy, the chrispy town, the crispy towel,
crispy town.
Speaker 1 (07:29):
You get it.
Speaker 3 (07:29):
I get it. I don't like a soft towel. No,
don't dry them in the dryer. No, I don't like it.
Speaker 5 (07:34):
No, it has to be dried on the line, Like
if I'm pulling my towel off the line and like
there's a crease when I fold it.
Speaker 3 (07:40):
That's perfect. Like if you take it off the line,
it's still got the.
Speaker 5 (07:43):
Yeah, it's like you pull it exactly and then you
pull it up. It's like rock hard. It's like you
need to shake it back to it. Yeah, but like
you want the exfoliation. I think it's really experience.
Speaker 3 (07:54):
I agree always.
Speaker 5 (07:54):
It just doesn't like it just moves the water around
your body if it's too soft, so you're gonna have
a crispy town.
Speaker 3 (08:00):
And then I'm exfoliating my back with it, you know
those like yeah, yeah, yeah, the scrub it up. But
I do that too. I like, oh my god, maybe
and then one leg the other leg, and then you know,
do you wash your hair every time you shower? I
think I do.
Speaker 5 (08:14):
I have never really understood like hair care very well,
so see I don't.
Speaker 4 (08:19):
Yeah, okay, and I wash my hair, and like some
people are going to think this is like crazy work,
but like I only wash my hair once a week,
which I also think for a lot of people is
going to be really normal. But then for other people
they're like absolutely not. I wash my hair every day, yeah,
because like some people get really oily hair really quickly.
Speaker 5 (08:36):
I just don't.
Speaker 4 (08:36):
Yeah, like go, I'm not styling my hair every single day.
I have a lot of it, and I style it
like no, yeah, so it depends if it's a hair
day or a not hair day.
Speaker 5 (08:46):
I ha, got you, Okay, got you. If it's a
hair day, yeah, I like get out of the shower
and I have wet hair, and I put the towel
all around me and then like quickly drive my legs
and like kind of forget about my mid section if
I'm being honest, and then flip my hair upside down
and put the towel on my hair.
Speaker 3 (09:03):
Don't worry about the mids.
Speaker 5 (09:04):
No.
Speaker 4 (09:06):
Do you have a special thing with your hair, Yeah,
like turbin it up. And then I'll do like my
skin care, like put some moisturizer and stuff on before
I even get to work on my hair, because I
feel like the hair needs like a little minute.
Speaker 3 (09:18):
Just like in the turbine. Do you get int of water? Yes, absolutely,
and I've heard microfiber is good for it.
Speaker 4 (09:24):
And then I'll like do that, got my moisturizer on,
I'm still a little bit damn Yes. Then I flip
my hair back and like scrub it up like the
way that people say that you're not meant to when
you're like, quote, looking after your hair.
Speaker 3 (09:37):
I like, scrub the hell out of my hair with
my towel upside down.
Speaker 4 (09:40):
Yeah, and then I take the towel, flip my hair
back and wrap the towel around my mid section and
that's when my mid section gets dryed.
Speaker 3 (09:47):
Yes, okay, got you clever? Efficient as well. I don't
know if that's efficient. Did you know?
Speaker 4 (09:53):
I saw a TikTok the other day, which seems to
be like the common phrase in my life. I'm chronically
and it. She was an American girl, so I'm not
sure if this is like an American thing or not.
But she was like, guys, I just learned that not
everybody puts lotion on after they shower.
Speaker 3 (10:09):
And I was like, what, like yeah, do you know?
Speaker 5 (10:14):
No?
Speaker 3 (10:14):
Same? No, Like I get out of the shower, I
dry my body. That's it. Deodorant, yes, yeah, lotion like lotion. No,
that's special.
Speaker 4 (10:23):
Occasions, totally, Like that's maybe when I've done and everything shower.
Speaker 3 (10:28):
Yeah, I've shaved my legs. I then do some lotion.
It's a pampa knife, it's a pampa NI like that
is special. She's like no, no, no, Like I lotion
my body and then I oil my body. Does not
everybody do this?
Speaker 5 (10:40):
Wow?
Speaker 3 (10:41):
She would be soft as hell?
Speaker 4 (10:43):
Yeah, but can people in the comments section on Spotify
please let me know?
Speaker 3 (10:47):
Are we just not doing it right?
Speaker 5 (10:49):
Like? Yeah? Like because I was at the supermarket the
day after I saw that TikTok and I was like,
oh wow, there are a lot of body lotion options
for sale at the supermar Yeah.
Speaker 3 (11:01):
Are we meant to be doing this?
Speaker 5 (11:03):
Like?
Speaker 3 (11:03):
Are we meant to like body lotion our whole bodies
body lotion? Of course? It literally just hit me body lotion, Like,
are people doing this every day? Tell us with what
time you surely would shower in the night time if
you're body lotioning. See, like, I can't imagine anything worse
same because you're all s.
Speaker 4 (11:21):
Can you imagine putting on nice soft pajamas after lotioning
and trying to like pull them up your leg.
Speaker 5 (11:28):
No, get into your sheets and you're like sliming, like
sticking to the I don't know, I wouldn't be not
an option.
Speaker 3 (11:34):
Yeah, what time do you do it?
Speaker 4 (11:35):
I don't know unless I'm going out and I'm putting
like some lotion on my legs or like your arms
or something. Because I want my skin to look nice after.
Speaker 5 (11:43):
You know, then you do it after you get dressed already,
you don't get slime everywhere.
Speaker 4 (11:47):
Nah, See this is not okay? Yeah, tell us what
the process is if you do do it, and what's
like the right process? Yes, and how do we find
out the right process exactly? Who's going to teach us?
Speaker 3 (11:58):
It's crazy? Maybe body each person thing? Maybe?
Speaker 2 (12:02):
Yeah?
Speaker 4 (12:03):
All right, Well, if you guys have a very specific
question that you would like us to answer on the show,
quite clearly, we are open to anything, please, so send
them through. We cannot wait to read them. And the
more diabolic, all the better, I fear, absolutely please. Now
I feel a bit spoilt that I get to read
this week's money wins. It's been a real privilege to
(12:24):
hear what our community has been spending their money on
and celebrating and winning.
Speaker 3 (12:28):
So let me dive straight in, sure, okay. First one
is from Milana.
Speaker 5 (12:34):
So Alana has said that she's been eyeing off this
Kathman do long puffer coat for the longest time, right,
And I feel like this is something that we're all
doing heading into like the cooler season, Like we're all like, oh,
it's like, July, what the heck, like, we need a
new puffer anyway, She said that she couldn't justify it
because it was four hundred and ninety nine dollars and
(12:55):
ninety five cents okay.
Speaker 4 (12:58):
Then it went on sale and she was like, oh,
I'm interested. Came down to two hundred and sixty nine
dollars yes, and then on the website she found a
ten percent off welcome coach. Yes, so that brings it
down to two hundred and forty two dollars and ten
cents okay. And then she had one hundred dollar birthday
voucher that she'd asked for because she really really wanted
this coach. Incredible, that brings it down to one hundred
(13:19):
and forty two dollars and ten cents. And so like,
we're getting there, rat, there's not more, Yes, there's one more.
And then she did shop back. So she did her
shop back app and received twenty six dollars and ninety
cents back, So that means that she paid a total
of one hundred and fifteen dollars and twenty cents. She said,
(13:39):
I'm very happy. I've already worn it four times and
I'm gonna wear it basically every day. Oh my god,
from five hundred bucks one hundred and fifteen yees, and.
Speaker 3 (13:47):
She like sent us her photo. It's really cute and
it looks so warm. It does a very warm Yeah,
it's like a movie pink. Yeah, so chic.
Speaker 4 (13:55):
Anyway, I thought that was really really cool, and the
fact that she like gave me the map just tickled
something in my brain. I agree, I agree, I loved it.
Not how you got there exactly. Our next one is
from a friend called Tara. She says, my mortgage will
have a one in front of the number that we
owe on it this payday. It's still obviously a large number,
(14:17):
but I cannot wait.
Speaker 3 (14:18):
To see it drop. Oh my god, that's so exciting.
Speaker 4 (14:21):
Also, is it bad that my immediate thought was like
a million or one hundred thousand? I know, same, That's
what I'm thinking, is that, Actually I'm going to assume
that she's only got one hundred thousand dollars left, because like,
in this economy, a million dollar mortgage makes me feel sick.
So about anyone's like.
Speaker 5 (14:36):
Oh yay, unless she's gone from having a two million
dollar mortgage, true, at which point must be nice.
Speaker 3 (14:43):
It must be nice. Must be nice. That is a
big drop though.
Speaker 4 (14:45):
Okay, I've got another one from Bianca, and Bianca said,
I actually enter a lot of competitions online, which as
we know, Jest did recently and she won that face
mask that was like eight hundred bucks. And she says
that she finds them on Instagram and then surveys and
stuff from local shopping centers.
Speaker 3 (15:02):
And she said, I recently thought I should check.
Speaker 4 (15:05):
My emails and search the term one oh, just in
case I missed an email telling me that it won something. Well,
there was an email telling me that i'd want a
prize for filling out a survey from the local shopping center.
Speaker 3 (15:18):
The prize was a one hundred dollars calls voucher.
Speaker 4 (15:21):
I also did a focus group last year and I
still have the gift card voucher from that too, And
I have quite a lot of rewards points in my
tailstra account. So I'm going to buy another Woolworths gift card.
Oh my god, Okay, I can't something about it out.
Speaker 3 (15:33):
I think we need to do this. That's crazy straight
after we and so good.
Speaker 4 (15:37):
But also I think that if I saw one of
those emails come through, I'd just assume it was spam,
and like I never opened my email like stuff unless
it's like a work thing, I.
Speaker 3 (15:45):
Know, like get in touch another way.
Speaker 5 (15:47):
But also so that's not on them if you don't
want to look for the money you won, that's true.
I suppose that's true. And also you think it's spams
they called or texted, you.
Speaker 4 (15:56):
Know, exactly? Yeah, okay, fair, all right, this one's from Jennifer.
I didn't even think of this as an option, so
I think it's a really good one. Jennifer said, I
was spending thirty bucks a week on takeaway coffee before work.
Speaker 5 (16:10):
Okay, relatable, fair, I switched to the Hungry Jacks app.
Yes for the two dollars and seventy five cent coffee daily,
which means my coffee is now total thirteen dollars seventy
five and every five coffees is free.
Speaker 4 (16:26):
Hell yeah, We'll still support my local cafe when I can,
but now I even get to have a drive through coffee.
Oh so she's saving money and not even have to
get out of the car.
Speaker 3 (16:36):
Yeah, I know, that's amazing. Actually, that's actually incredible.
Speaker 5 (16:40):
Like I didn't even think about Hungry Jacks when it
came though, Like in my head, I'm like takeaway coffee,
Like I said, you know fast food, right, Yes, I
go make cafe.
Speaker 3 (16:50):
That's the only place that does coffee. Yeah, I wouldn't
even think about dollars seventy five for a coffee in
this economy. If it's good, though, you know what, it's
worth trying.
Speaker 5 (16:59):
It's worth trying, and you know what, I think they
would have to be good because they have competition, like mcafe,
and I'm gonna lie I would say that I'm a
coffee snot because I just don't like a bad cup
of coffee, but I'm also not snobby about where it
comes from.
Speaker 4 (17:13):
I love a seven to eleven coffee. I think McCafe
does a pretty good job. Agreed, Like, you can't complain. No,
that's so true, I can't complain.
Speaker 3 (17:22):
And then this one.
Speaker 4 (17:22):
I don't usually share the anonymous ones because like, I
love being able to chat to our community with their names,
but I thought this was really good. Our friend genuine
Grapefruit said name, I've been out of work for the
longest time. I just got a full time job. I'm
now going to be able to go back to saving
(17:45):
and investing and get out of debt.
Speaker 3 (17:47):
Oh my god, amazing, isn't that so good? Amazing, so good?
Speaker 5 (17:50):
And I feel like that's where we're going to leave
it this week because that's just good vibes and I
love that for everybody. Agreed, Miss Beck sayed, Yes, that
was a treat and I feel like the treats are
going to continue because you've got some broke tips for me.
Speaker 3 (18:04):
I do, I certainly do.
Speaker 5 (18:06):
OK, what are your sweet sweet broke tips this week?
So this first one comes from Medisine, who says I
save my clothes and socks that have holes to then
cut them up and uses rags for things like working
on the car and misk dirty jobs around the home.
Buying a bag of rags to do the same thing,
it's twenty five bucks. So I think that's such a
good idea. There are times when you're like I need
something gross, yeah, but not too gross to clean this
(18:29):
one random thing, like the oil stick in your car
when you're checking your oil. It's like, what do you
use here? You don't want to use something like a tissue.
I always use a tissue, but something like this where
it's just like a dirty old rag. Yeah, fantastic idea.
And then this one comes from Sus who says, I
use today Ticks, and I have mentioned Promatics before, but
never Today Ticks. Use Today Ticks to get theater tickets
(18:51):
fifty five dollars each for one hundred and sixty nine
dollars tickets.
Speaker 3 (18:54):
Someone else got two.
Speaker 5 (18:55):
Tickets to Mulin Rouge for thirty dollars each and they're
usually two hundred and ninety dollars. And so today Ticks
is basically where you can access limited time offers on
premiere or premiere or Premier.
Speaker 3 (19:08):
I couldn't help you.
Speaker 5 (19:10):
I can't understand what I'm but I think people know
that you guys know performance with today Ticks, so it's
like limited time. It could be like same day tickets
or like very short notice tickets where you can just
get like cheap things. And don't get that confused with Promotics,
which is a different website where you can get cheap
tickets for reasons unknown.
Speaker 3 (19:30):
I love that. What's your broke tip?
Speaker 5 (19:32):
And my one, well, it's probably a little bit silly,
but I was without job for a little while the
start of Y and I was just thinking how did
I get through that? And I remember I asked all
of my friends, like if I could do all their
little annoying jobs, and you'd be surprised if you just
like reached out to people in your neighborhood. I was
paid nine dollars to change my friend's bed sheets, and
it's paid thirty dollars an hour to clean my friend's room.
Speaker 4 (19:55):
And so just like have a look around and seek
an hour to clean someone else's room.
Speaker 3 (19:59):
Good, that would be a fun time.
Speaker 5 (20:01):
I took my goddamn time with it, that's for sure,
because I really wanted to stretch this money. I think
like when I do have a job, I'm like, hell yeah,
I pay for someone like twenty bucks to go do
my laundry for me. And if you don't have a job,
then hell yeah, you'd go do someone's laundry for them
for twenty.
Speaker 3 (20:16):
Did you ever get on air Tasker?
Speaker 5 (20:17):
I tried to go on air Taskar, but it is
scarier when you don't know that person you know, true,
And I think that when there's this level of professionalism
that you have to uphold when you're like, hey, I'm
just like a regular person trying to make a buck.
That's what I found on air Tasker, and I've been
using air Tasker a fair bit recently, just for like
jobs around my house that I need doing.
Speaker 3 (20:36):
True, true, trying to Like I kind of like it
that a regular person turns up and it's not like
a yeah no, like I have now made friends with
one of them. It's so cute.
Speaker 5 (20:46):
True. Well, that's a great addition to this is that like, yeah,
jump on air task beause if anyone needs some little
bits and bobs.
Speaker 4 (20:52):
Yeah, like and you can just like get a profile.
And this is not promo, by the way. I just
thought it was really cool because I was thinking fire out.
Did Beck try that? Because you don't have to like
accept any of the jobs. You can just look at
what's available. And like, obviously I'm not going to go
into some random person's house and change their sheets like
that would not you know, that would not make me
feel comfortable if I didn't know them. But like if
(21:13):
they need an errand done or like, can you pick
this up for me from KMA or something, Yeah, yeah,
I'll do that and drop it at your front door.
Speaker 3 (21:20):
I don't worry. What a good deal? What a good deal?
Speaker 5 (21:23):
All right?
Speaker 4 (21:23):
Well, I hope that Beck's Little Broke Tips section reminded
you that it does pay to be a little bit
more curious and a little bit out there now, maybe
a little bit more proactive in the ways that you
spend and make money, because you never know what savings
you could literally make along the way. Let's take a
really quick break, because when we return, it is time
for our money dilemma. All right, my friends, it is
(21:48):
time to tune into this week's money dilemma. And you're
not going to be surprised. It goes exactly like this.
Speaker 5 (21:56):
Hi. There, have you got a money dilemma you just
can't solve the She He's on the Money team is
here to help. Every week we tackle your dilemmas, both
big and small, to answer your most burning money, career
and life questions. To get involved, simply head to our
website and leave us a short voice recording and you
might just find yourself on the show.
Speaker 3 (22:14):
Now, let's take a listen to this week's money dilemma.
Speaker 2 (22:19):
Hi, She's on the Money Team. I have a dilemma.
I'm twenty six and I'm working part time as a
contractor as a sole trader, and I'm also studying. I
took some time out of the workforce to care for
my dad, who was really unwell and he's since passed away.
He left me a small inheritance and I'm not sure
what to do with it. I have sixty thousand dollars
(22:39):
in savings. I would like to buy a house in
the next few years, and my super is a little
below average, basically because I took some time out of
the workforce. He's left me thirty five thousand dollars in
Telstra shares and about seventeen thousand dollars in cash. Where
should I put my money from the inheritance to make
(23:00):
my dad proud? Thank you?
Speaker 5 (23:02):
Stop.
Speaker 3 (23:04):
I was already crying at the start of this episode.
Speaker 5 (23:06):
And then at the end of that I was like, okay, inheritance,
I can deal with that, and she's like, where can
I put this money to make my dad proud?
Speaker 2 (23:12):
Oh?
Speaker 3 (23:13):
I'm so so sorry for You're lost by the way.
Speaker 5 (23:15):
That's but also what a human So you took time
out to look after your dad because he wasn't well.
Oh my goodness, Like, I hope if I'm not well,
I'm surrounded by people who.
Speaker 3 (23:26):
Want to do that for me. Is that a bad
thing to wish? Like He's I don't know. It just
feels like really wholesome and you just sound like a
good human. Beck, What would you do.
Speaker 5 (23:35):
When she's mentioned super My immediate thought was like, oh,
that's probably a good thing to like saw some money
into just burst up a little bit, and so you
like make sure you're on the right track.
Speaker 3 (23:45):
What if that looks like for your specific goals.
Speaker 5 (23:49):
But I also am thinking, because she wants to buy
a house maybe or property soon, then putting money into
shares maybe not the best Lady. If it's like within
the next couple of years you're wanting to buy a property,
you'd want to put that money somewhere where you can
still access it and it's not too like volatile. Maybe
(24:10):
is there still that super saver first host Home Super
Saviors scheme First Home super super Saviors Queen, I'd probably
put the seventeen in that. I'd maybe leave the shares
if I smart idea, you know, put the seventeen. I
feel so happy, ibew, Is this what you think is
a good idea? No, I hadn't even thought of it.
Speaker 4 (24:28):
But that's a pretty good idea. That's a good suggestion. Incredible,
especially if you said, like I want to, you know,
buy property. Putting seventeen grand through the first Home super
Savior scheme, you'd only be able to do fifteen thousand
dollars this financial year, and then you'd be able to
do the rest next financial year. But by that time
you might have some more savings that you could put in.
But essentially you'll get like some tax back on that
(24:50):
money because it was a contribution that you made post tax.
That means that that money's going to go further. And like,
I don't know the most important thing to you, I
was making your dad proud, and like you probably told
him that you were saving for a home and he
was just like super stoked to help you get there.
Like that's gonna like turbo charge that.
Speaker 5 (25:09):
But even just like you sound like a person who
who would be proud of anyway, Like you took time
off work, take care of him, Like you whatever you
do with this, even if you treated yourself to a
wild adventure.
Speaker 4 (25:20):
Yeah, he's going to be proud of you. Yeah, regardless
of what you did with the money. To be honest,
absolutely that's dad vibe. And I feel like the way
you're speaking about him in that voice, note I was like,
oh you had a really good You wasn't just like oh,
I had to look after my dad, Like, yeah, you
clearly had a really good close relationship with him, So
my queen like, you could probably frivolously spend all of
it and he's probably still there being like.
Speaker 3 (25:40):
Yeah, queen, go, I love that for you.
Speaker 5 (25:42):
Really.
Speaker 4 (25:43):
I have done episodes on inheritance before and showing it
the respect that I think it deserves, so I would
go and listen to those. But it sounds like you're
well on the way. I would have a look at
your super especially because it is behind because of those
caring duties. Like I don't know, this is just personal opinion,
but I don't think your dad would want to see
you behind because of that time that you took out.
(26:05):
So maybe doing a little bit of a top up
there is not the worst thing. Maybe getting a little
bit of advice and chatting to some people on those
shares is a good idea, because I don't know when
they were purchased. You would have some capital gains issues
if you did sell them, and that is maybe something
you don't want. So maybe that thirty five thousand dollars
Intelstra shares is like the start of your investment portfolio,
(26:26):
and we leave that there and then we keep contributing
and then you know, you reach financial freedom. Like that's
a pretty cool thing to achieve. So yeah, I think
it's just about sitting down and like maybe mapping out
all the options you have.
Speaker 3 (26:39):
Not hey, Beck, what do you want to do with this?
But more hey what could you do?
Speaker 4 (26:43):
Oh? I could take around the world scrip or I
could put it on my super I could do this,
like write them all down. It's like when you see
it in front of you, it's so much easier to
be like, oh, actually i'm crossing that off the list.
Speaker 3 (26:53):
That's not as important. Oh I'm crossing that off. Do
you know what I mean?
Speaker 4 (26:56):
Like to a little list moment, and that could help
you see it. Sometimes we need the visual exactly. But
that's what I would be saying.
Speaker 3 (27:03):
But yeah, I think what if you do? I think
your dad'll be very proud. Yeah, and I'm just a
bit sad, like I'm sorry, Yeah, that sounds really trash.
Speaker 5 (27:12):
I know you'd give it all back to have your
dad back. So anyway, so let's move on. I feel like, well,
that dilemma was about you building your future. We got
a DM and it concerns the past. It I think
is quite concerning. So he community member wrote into us
and said, Hi, she's on the money. I have a
finance issue that I'd love to be unpacked or to
(27:34):
be pointed to an episode where you maybe.
Speaker 3 (27:36):
Have discussed this before.
Speaker 4 (27:38):
I've been with the same employer for nineteen years and
have had the same super with income protection since then. Recently,
I was made aware that my income wasn't being updated
in line with my twice yearly pay rises and promotions
over the years, and was listed as sixty three thousand
dollars when I now earn one hundred and forty five
(28:00):
thousand dollars. So when she's saying that she's talking about
how much income she earns for her insurance, gotcha. I
have tried to update it, but I have been subjected
to a mountain of forms, signing a medical release and
even an in home medical exam. This morning, I was
told they won't increase my listed income because your quote, height, weight,
and your medical history deems you too much of a risk.
(28:22):
I feel sick about this, not being able to protect
myself financially. What avenues can a person take in a
situation to actually have protection? Any advice is so much appreciated.
Speaker 5 (28:35):
It's a really tricky one. My first law is like
you're probably paying less premium. So when you update, you
just like don't worry about the past, just like update
your income.
Speaker 3 (28:45):
And then now I realize it. It's like it's quite
a process.
Speaker 5 (28:47):
But I don't really know with like I'm like income
protection or is what I'm assuming for this particular insurance.
So they need to like, you know, match or at
least you like eighty percent of your current income. Know
if the worst was to happen in touch, would I
don't know enough about it to be like, do they
have to like is that just like a default that
they keep up to date with your current salary or you.
Speaker 3 (29:11):
Have to update them? Is it your job, your responsibility?
Speaker 4 (29:14):
Okay, Well they don't have a financial advisor on this,
so it's nobody's responsibility. But this okay, And so if
they did it earlier, then maybe it would have been Yeah,
maybe you could have stepped it up without because it's
such a big step the insurer really wants to go. Okay, well,
let's assess the situation. What I would say in this
particular circumstance is that's just with one company, Like please
(29:38):
go get financial advice. Like I'm not being paid to
say this right now, but go and speak to sky Wealth,
like they are phenomenal at what they do, and sky
Wealth are not just going to look at that one company,
but every company on the market and go, Okay, well,
clearly you've got a like a height and wait, like
I don't want to say issue, but like when it
(29:59):
comes to ensue, that is an issue I don't like.
From me personally, I think it's an absolute junk thing
to consider because somebody's BMI. From my perspective, they could
be the fittest person in the world and have a
really high BMI and then somebody who's anyway. I think
it's the dumbest thing ever. Yeah, but it is something
(30:19):
that insurers care about. Different insurers have different BMI margins,
They look at different things, They take things into consideration.
Go and talk to sky Wealth, tell them what you've
been through, and they can reassess all of it and
make sure that you get the right cover because just
because one company has declined you does not mean you
can't get another company to cover you and another situation
(30:42):
to arise. And I just I feel like that was
very arduous for a company that you don't even know
if you want to stick with, if that makes sense,
Like I would have just go back to the drawing
board be like, okay, cool, I'll talk to an advisor
and have all of this sorted out. But thankfully it's
not end of the world, because there are lots of
insurers out there. But also it's phenomenal that you already
(31:06):
have that cover because if there are some like and
obviously I don't know your situation, but you said your
medical history deems you too much of a risk, Like
maybe you genuinely and I don't want to scare you,
maybe you aren't insurable, but you already have a sixty
three thousand dollars policy true, which.
Speaker 3 (31:22):
Is now gold.
Speaker 4 (31:23):
We're not going to get rid of that, like we're
going to look at what else we could supplement with.
And I think that that's actually a really good situation, stressful,
but good situation.
Speaker 5 (31:32):
To be in. Absolutely, that's a great way to look
at it.
Speaker 4 (31:35):
Anyway, that's where I would go with it and just
go get a professional to look at it. Unlike every
other situation, no doesn't mean no, yeah yeah exactly, So
I just I think it's really important to just get
somebody who knows their stuff and can go, oh well, actually,
in this situation over here would be your best option.
Speaker 3 (31:53):
Yeah, no, that's great, And what did the rest of
the community have to say?
Speaker 5 (31:56):
So?
Speaker 4 (31:56):
The first question I asked the community was have you
ever reviewed your income protection insurance?
Speaker 3 (32:02):
This the one makes me mad? Okay.
Speaker 5 (32:05):
Only fourteen percent of you said yes regularly, guys, come on,
come on, but I will.
Speaker 4 (32:11):
Twenty two percent of you said yeah, I did it once. Okay,
that's good, We're getting you better. But then sixty four
percent of you said no, never. Australia is literally the
most underinsured country in the world.
Speaker 3 (32:24):
That's wild.
Speaker 4 (32:26):
Don't let us be also underinsured? Like, get it together anyway.
The next question I asked was how confident are you
that your insurance cover matches your current circumstances. Sixteen percent
of you said very confident. Okay, that's not many.
Speaker 5 (32:42):
Twenty nine percent of you said I think I'm somewhere
in the middle, and then fifty five percent of you
said I'm not confident at all.
Speaker 3 (32:48):
Okay, that's okay. Never too late.
Speaker 4 (32:49):
This is becoming an entire ad for Sky Wealth. I'm
gonna call them up later. And be like, you need
to pay me because all I did was talk really good.
Speaker 3 (32:57):
Things about you. But you guys need a call Sky anyway.
Speaker 4 (33:01):
Then I asked, before today, did you know your income
protection cover might not actually automatically increase with your salary?
Speaker 3 (33:07):
Right? Yes?
Speaker 4 (33:08):
And seventy two percent of you said no. Oh god,
So most of us apparently don't know that that's a thing.
And that's okay. But that's why I've been on my
high horse and my friend box and I've been yelling,
please review your insurances regularly.
Speaker 3 (33:24):
Anyway.
Speaker 4 (33:24):
Then I went and said, what's your two cents? Most
of the comments said go through a financial advisor. Another
person said I'm just a girl and I have the
same questions. Another person said send help. This is also me.
Speaker 3 (33:36):
I love this.
Speaker 4 (33:37):
We're all in this together like we're in a sinking ship,
but we're singing, you know exactly. Someone commented, Sky Wealth,
have you not been listening.
Speaker 3 (33:45):
To Victoria, I've created a cult, gordo it.
Speaker 4 (33:49):
Someone else said I wouldn't let this go and then
I would look at other super companies and seek some advice.
I'd be like a dog with a bone. But they
did that in emojis which I really appreciate. Someone else said,
I became uninsurable at twenty two, and then she did
the nail painting emoji. Oh the hell, well, it happens. Unfortunately,
(34:09):
she's clearly being facetious. She said, I'm just doing my
best to set everything else up financially. So maybe it's
not just about insurance but having a solid income stream.
Speaker 3 (34:19):
Yes, very true.
Speaker 4 (34:20):
Someone else said, same situation, and I really can't afford
to change it. It's an absolute joke. Another person said,
due to my health issues, I'm unable to increase mine
and the stress it's causing me is insane. And someone
else said, I've definitely learned something today. I didn't even
know that was a thing. I'm running to my insurances now.
Speaker 3 (34:38):
Oh my god.
Speaker 5 (34:39):
I wonder how much like panic that set off in
people when like reading that.
Speaker 3 (34:43):
But no, I don't want to panic you.
Speaker 4 (34:45):
But then the last comment that I want to share
was like, thank god to she's on the money. I've
reviewed all of my insurances and I increased my income protection.
Speaker 3 (34:54):
Oh incredible.
Speaker 5 (34:55):
I love this for you, But don't feel bad if
you're like, oh, I'm uninsurable now or I can't get
it now. Just know that they're maybe from the moment
your salary increased you couldn't have. Yeah, don't think about
like what if just be where you are yep.
Speaker 4 (35:09):
And if you've been through that situation and you've been
told we'll actually no, you can't increase your insurance or
you are uninsurable, the first thing I would be doing
is going and getting financial advice and talking to an
insurance specific financial advisor to be like, what are my options?
Because they're going to be like a dog with a
bone and be like this is a game to them.
(35:30):
They're going to go great, no worries, shitty situation, How
can I help you?
Speaker 5 (35:34):
For sure?
Speaker 4 (35:34):
They're going to get you out of that situation ideally,
and if they can't, they're going to help you create
a plan to be like all right, well Beck, we
can't insure you for this, and this here's the outcome
that we should be working towards to make sure you're
in the best possible position for sure which money and
life win that's going to alleviate your stress. All Right,
my friends, I think that is all we have time
for today, but we'll be back with a fresh new
(35:56):
week tomorrow with a money diary for you to sink
your teeth into.
Speaker 3 (36:00):
If you enjoyed this episode.
Speaker 4 (36:02):
Please tell a friend, tell a neighbor, call up your mum,
and if you really enjoyed it, please leave us a
chicul little review and.
Speaker 3 (36:08):
Thank you for tuning in and being part of our
She's on the Money community. Thank you, We love you.
Bye bye.
Speaker 4 (36:18):
The advice shared on She's on the Money is general
in nature and does not consider your individual circumstances. She's
on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
If you do choose to buy a financial product.
Speaker 5 (36:33):
Read the PDS TMD and obtain appropriate financial.
Speaker 3 (36:37):
Advice tailored towards your needs.
Speaker 5 (36:39):
Victoria Divine and She's on the Money are authorized representatives
of Money. Sheper Pty Ltd ABN three two one six
four nine two seven seven zero eight AFSL four five
one two eight nine
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