If you’ve ever heard “managed portfolio” and thought… okay but what actually are they, this one’s for you. We break down what “managed” really means in practice, how they differ from your usual ETF mix, and the moments when outsourcing the mental load might make more sense than being your own fund manager. Then we get into a dilemma that had the whole office screaming: a partner who treats sales season like a competitive sport. The list is long, the logic is loose, and the budget is… trembling. We’re chatting values, boundaries, and how to keep your spending intentional when marketing is doing the absolute most. Plus your favourite money wins, broke tips, and a few chaotic detours along the way.
Want to learn how to invest (or just get your money sorted)? Our Bundle Sale is live! Up to 30% off our most-loved courses and tools, to help you feel clear, confident, and in control. Check it out here.
Need the team’s take on your money dilemma? Send us a voicemail here.
Or if it's more of a spicy money drama and you want the communities verdict? Slide into our DMs here.
Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
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 - 451289.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t glennyan Ganya, Niana,
kaka ya Ya bin Ahaka nian Ar gay In Nimbina
yakarum jar dominyamiga Umagahawakaman damon Imlan wimber bang gadabomba in
and now in wakah ghana on yakraum jar Watnadaa. Hello,
(00:22):
beautiful friends, we gather on the lands of the Aboriginal people.
We thank, acknowledge and respect the Aberiginal 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 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money.
Speaker 2 (01:07):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It is
our favorite day of the week because we get to
get together and celebrate you and my ailing voice. How beautiful.
She's on the Money Community. The incredible Miss Jess Gricci
is going to be sharing our favorite money wins. Miss
Becksayed as always, has a few cheeky broke tips lined
(01:31):
up for us, and we're going to be helping to
answer her money dilemma, wanting to know more about managed
portfolios and whether they're a good option and something that
you slid into our DMS about this week. What do
you do when your partner is getting a little bit
too obsessed with Black Friday? Oh mister, could you maybe
(01:51):
resonate with that question? Do you think Jay might be
the partner? Yes, James into the show?
Speaker 3 (01:57):
Help me?
Speaker 4 (01:58):
There's so many boxers.
Speaker 2 (02:00):
Oh, no, you know what I feel like. That's where
me sometimes working from home has come in clutch because
I hear them come in and I just like usher
them into my office and no a package here, generally,
tell you what are you talking about? Definitely not besties
with the Postman exactly. Before I get to our question
for the team, would you guys like to hear a
little bit of a five star review? Course? All right?
(02:22):
This one is from med Love's photography Cute five stars.
Listening to Shares on the Money has honestly changed my
life and my whole perspective on money. I've set up
an emergency fund, started investing with shares Is. I've been
contributing extra to super to get it up to where
it should be and have a fun money account which
I stick to every week. Having this system and knowledge
(02:44):
of why this is all important makes me feel so
much more in control. As a millennial who had little
financial education growing up, who worked a series of casual
and part time jobs well into my thirties, I can
now say that, although I still have a lot of
catching up to do, I feel like I am very
well on my way to financial freedom. I've told all
my friends and anyone honestly who will listen about She's
(03:07):
on the Money, and recommended the podcast and all of
your associated books to my friends. Thank you, thank you,
thank you.
Speaker 5 (03:13):
My god.
Speaker 2 (03:14):
That's amazing.
Speaker 5 (03:14):
That is amazing, And it sounds like that's me like
writing in like cause that's all the casual jobs, part
time jobs. It's so cool to know that you can
you can turn it around at any moment.
Speaker 2 (03:26):
It's actually crazy. I didn't get in a fight. I
got in a slight disagreement with someone in some comments
online this week because someone commented on one of our
money diaries and said, oh, well, this is so unrelatable,
and I was like, but it's not, though, like if
I had a billionaire or like I showed something like
(03:47):
you know, maybe I was talking about, oh, well, to
create wealth, you need to have a business and you
need to do this in each that I was like, no, no, no, like,
I haven't shown something you're not capable of. And I
think I was just really defensive because I was like, God,
I've shown a single mom who's single handedly has two
jobs and like is running rings around it and still
saving and investing, and yes, it's not at the levels
she wants it to be at, but she's creating wealth herself.
(04:10):
And I just go, no, it might not be relatable
to your situation right now, but it's not unreally stick
And I think that's where I get a little bit frustrated,
because I'm like, there's a difference between unrelatable. You know,
you watch influences online and they're buying million dollar homes
and just like living lives that genuinely are very unrealistic
for the average person. But we're not talking usually about
(04:31):
that type of wealth. We're talking about, Hey, baby, if
you've got your emergency fund set up, are you investing
for the future. Have you structured? You're super? Right? Are you?
And sixty five year old? You're going to be all good?
And usually in our community, the answer if you're proactive
is yes, because you still do have to do the work.
But like five star review, thank you for sharing it
with us. But girl, you did the work.
Speaker 4 (04:52):
Yeah, you've tapped a lot of things too, Like she's
investing on chances, she's done her super she's doing all
these bits and pieces right, exciting and like chie.
Speaker 2 (05:00):
That you did for future you, and she's gonna thrive.
It sounds like she already is. And that's my favorite
part about our community. That's amazing time. All right, Well,
would you guys like the question of the week?
Speaker 1 (05:13):
Yes?
Speaker 2 (05:13):
Please? I feel like there's have been getting unhinged. So
here's me. I'm reducing this segment. I'm thinking they're gonna
ask beck on her opinion of Super. No, you guys
really just took this. You can ask us anything and
lead with it. The more the better, I say. Yeah,
it's time for our favorite part or my favorite part
of Friday Drinks, where literally you ask us questions that
(05:33):
you are dying to know the answer to, and it
literally can be about anything, even shopping tips like this
one from Alisha, who says, where are your girls shopping
for an affordable black tie dress?
Speaker 4 (05:48):
No?
Speaker 2 (05:49):
No, no, you have to go to the fanciest wedding you've
ever been to. Where are you're going shopping? I'm going
to uniclue love. But what are you picking out? Tell me?
Like the vibe if I say, and I think that
makes it easier, Like we're not just shopping for a
black tiev it. Let's say you got hearted to a
black tie wedding. You love the person, you want to
look your best. What's the outfit vibe?
Speaker 5 (06:07):
I'm going a satin oversized teatly okay, sleigh, and I'm
going to do it all the way to the top.
Speaker 2 (06:14):
Yeah, it's gonna be like like a button up okay,
way to the top and then oversized long pant business
pant ye ye.
Speaker 5 (06:23):
With a belt and so you can I'm pretty sure
you can get. I don't know about the satin part
of this outfit.
Speaker 2 (06:27):
I feel like Unicloid does do satin, yes, or you
just get a giant shirt.
Speaker 5 (06:32):
Also, I never know the difference between T shirt and shirt.
I'm saying shirt with the button.
Speaker 2 (06:35):
Shirt has like the collar and the button us. Okay,
shirt is like that rounded neck that you're we you
got you got to you so shirt.
Speaker 5 (06:43):
And then I'm just honestly for shoes, whatever the hell
you want, because you make it up look nice. But
I think just honestly going a kmart and getting like
those school shoes.
Speaker 2 (06:53):
Yeah, that's good. You've got a pair of those. Yeah
you look shaking them. Thank you so much.
Speaker 5 (06:58):
And I wouldn't be spending more than for yours, unfortunately
because they can't. But if I was going to really
really go out, I don't have a place in mind
other than Nuklo.
Speaker 2 (07:07):
I'm so sorry, but I kind of love that's like
Beck showing up as Beck. Thank you. Yes, I can't,
And when the question came through, I'm like, I cannot
for the life of me. Imagine you no getting into
a black tied dress and being comfortable. Yeah, no, do that,
I'll try, Jess. Where are you shopping?
Speaker 4 (07:26):
I think for the best price secondhand is the go
Facebook marketplace deepot because obviously black tie is quite formal.
Speaker 2 (07:34):
My favorite.
Speaker 4 (07:34):
I don't want to say it's super cheap, but you
can pick things up on sale. Meshki does a love
really great range from more casual through to what I
think is totally fine for black tie.
Speaker 2 (07:46):
Now they have a whole segment on their website called
black Tie.
Speaker 4 (07:48):
They don't even realize that money wim and I think
that they do sales pretty frequently. You can do cash
back and things like that to help bring cross down.
But relative to what you can find yourself spending for
black tie, I think they're quite a reasonable price point
for a lot of their pieces.
Speaker 2 (08:02):
Okay, I agree. A lot of my formal dresses historically
have actually come from Chic. Oh she does gorgeous. Yeah,
and I find I don't know why you are so planned,
but like, yes, you're right deep hop, Facebook, market Place,
et cetera. Well, yeah, if you've got the time or
honestly hiring a dress. That's something that I have been
doing a lot of recently because I just know I
(08:24):
want a dress that I've not worn. It's black tie.
I'm sorry, I know already I'm never gonna wear it again.
I've got this one black tie dress that I bought
during UNI that honestly I wore for every single UNI
event because like, sorry, it was from Chic, which is
you know, I just always was there, but like every event,
I just wore that dress when it was like uniball
(08:45):
or whatever because I was like, well, I don't have
the funds to go buy a new dress, and like,
I really like this one, so I just kept wearing
and it looked really good. Not gonna lie, but yeah,
I would go chic if I didn't have the time
to source something. But you bought a formal dress not
long ago. Was it racquet Club?
Speaker 5 (09:01):
Oh?
Speaker 2 (09:01):
Yes, rack Club are great. Yeah, I remember you being like, gee,
this was like thirty dollars and I have no event
to wear it too, but like I just know I'm
going to get aware out of this.
Speaker 4 (09:09):
Yeah.
Speaker 2 (09:09):
Yeah.
Speaker 4 (09:10):
They're a consignment store, which is another really good option.
So they're in Melbourne. They have I think three locations.
I've sold stuff there to. It's great for that as well.
But yeah, similar thing like a consignment see might have luck.
And I feel like formal dresses are something that a
lot of people do sell on because you wear it
once maybe twice, and you go, oh, I don't know
that I would wear it again, So you can often
pick them up places like that really cheap.
Speaker 2 (09:30):
Do you know what I would also recommend if you've
got a good friends group, which I know some of
us don't have that. But if you've got a good
friends group, shop their wardrobes. Oh yeah. Like in our
office at work, it just goes, oh my god, I've
got a wedding coming up. I'm always like, if I
have any dresses you want, you let me know, Like,
you can borrow whatever. If you've seen me on like
on Instagram in it or like, you know it's in
(09:50):
my wardrobe. It's fair game. Like I just love the
idea that my cost per wear is being brought down
by other people as well. I've done a few Victoria
Divine specials over the years. Yeah, but like, I don't know.
It's so funny because I know some people who'd be like, oh,
I'd never lend out my wardrobe. I get such joy
out of the fact that I picked a dress. I
loved it. But then like Jess didn't just go oh
(10:10):
yeah that was pretty nice Bee, She's like, can I
borrow it? Yes, Queen, looks so good on you too,
Like I love that you loved it too. Yeah, that
is a good feeling. Yeah, sorrying's a great tip. You're borrowing.
We're borrowing dresses. From our friends. Honestly borrowing silk shirts
from our friends. Absolutely ten out of ten. I feel
like we've nailed that question. Would you like to get
(10:31):
into the money, wins and confessions of this week, Jessica,
I would love.
Speaker 4 (10:34):
To, if that's all right. I'm going to start off
this week with one from Hannah. She's actually paid off
and closed her after pay after having to rye on
it for the last couple of years. It felt really
bloody good, Queen and everyone else who's doing the same thing.
It's greats to money went from Claire, who said she
went to Ikea to buy a chair cover. After picking
one up, she passed through the as e Is section
on her way out and found the exact same one
(10:56):
there for half of the price. The Aussiest section is
my favorite set at Ika if they're right by the
checkout and it's where they sell all the stuff that
was in the display rooms. I assembled properly by like
someone who works in Ikia knows how to do it,
and it's like it hasn't been used, it's just been
sitting there.
Speaker 2 (11:11):
That's so good. My favorite part of Ikea is the
cafeteria where you can get the meatballs absolutely.
Speaker 4 (11:16):
After we spoke about it, maybe a month or two ago,
I went and got meatballs.
Speaker 2 (11:19):
For Did she actually stop it? It's so close to
the studio. I'm so jealous. We can do it today.
Didn't invite us? I know what the hell, let's do
it today. Thats not your kids? We all secretly because
I was going to go too. But if we all
ready each other, let's do it after this, let's hear
it after this. That sounds fair? Th mexticot.
Speaker 4 (11:38):
A money went from Jessica excellent name, who said a
bit of an old one, but her favorite spin studio
ran a specialty class and then afterwards took all the
women to Lulu Lemon to get a.
Speaker 2 (11:48):
Free pair of leggings.
Speaker 4 (11:49):
Sorry, what she said, pretty epic return on a thirty
five dollar class. She'd never normally spend that much money
on a pair of leggings. What I'd like to sign
up for this class?
Speaker 2 (11:58):
Please? Sorry? How do we get in on? That sounds slight?
I love a little still them they all just went
in and just like a HIJACKX you imagine. No, No,
we don't do that, Yeah we do, we don't. Lastly,
this week, I've got a money win from Adriana who
said her car insurance was to you. She asked them
to lower the annual price due to her having three
(12:18):
separate policies with them, so they did it by fifty dollars,
which put it back to the same price as last year.
They said they were going to resent her the policy.
They didn't resent her the policy, so she followed up
and they took another sixty bucks off for the inconvenience win.
It pays to be inconvenience sometimes. Absolutely. Learning from this
absolutely that's everything for me. This I love that. Miss
becksay ed, what have you got when it comes to
(12:40):
broke tips? So this week I got a couple of
good ones. The first one comes from Katya. She says
that if you hit escape really.
Speaker 5 (12:48):
Quickly when you're going to like read an article and
a pay wall comes up escape, if you hit escape
really quickly, then you can sometimes avoid the paywall. And
so our gorgeous producer did some research on this and
it is true. Quickly eating the escape key upon a
page loading can sometimes prevent a paywall from appearing by
interrupting the pages loading process, which I.
Speaker 2 (13:08):
Know is like it depends on the it depends on.
Speaker 5 (13:10):
The side, like I do feel bad, like I don't
want to steal content, but also like why can't I
just read the article?
Speaker 1 (13:18):
You know?
Speaker 2 (13:18):
Personal peppe is news behind a paywall.
Speaker 4 (13:20):
If you are a creator putting totally out, Oh yeah,
I think you suck.
Speaker 2 (13:26):
No, not at all, but like, yeah, the nature of
what it is news should be for public consumption. I agree,
I agree. I don't know. That's my hot take. I
completely share another one that I may or may not use.
So the second it starts loading, I can't control a
control C, so like can select everything control C. I've
copied it because then, as you guys probably know, you
(13:47):
can start reading the article and then the pop up
comes up. So if you can get that control a
control C before that happens, I then cut and paste
it into a word document and read it on my
own computer. Oh my god, I haven't tried the escape thing.
I didn't even know what the escape key did, so
I'm going to give that a crack as well. But
(14:09):
that has been my hack for reading paywalled articles that
maybe or I didn't want to pay massive God that
what you will. We're not telling you how to live
your life. We're just kidding. Do you think that's ethical.
That's totally okay. Don't do it completely because we wouldn't.
We're not doing it. We're not going to do it.
Speaker 6 (14:28):
Yeah.
Speaker 2 (14:28):
I mean when I say I do it, I was
just making a suggestion that I might be able to
do it. Yes, it's a clever idea that you haven't
tried yet. Yeah, as somebody who writes for a publication,
who often puts my articles behind paywalls, I'd hate for
you to have that information absolutely because you don't write
that for just anyone. Yeah. Well, there you go, and so.
Speaker 4 (14:48):
There you go.
Speaker 2 (14:50):
Okay. The next one comes from Lisa.
Speaker 5 (14:53):
So this was like a thread asking for holiday saving STIPs,
and I thought this was really interesting.
Speaker 2 (14:57):
Lisa said that she does a supermarket cleaning collect.
Speaker 5 (14:59):
Or delivery order before she leaves, like the health, the
accommodation she's saying it, or like a holiday when she's
going on holiday exactly, so she only has to eat
out once a day. That means that she doesn't have
the option of like deciding not to go shopping when
she gets there, and she doesn't have to waste the
time doing the shopping as well, she can just like
enjoy her holiday so I'm like, trick yourself into like
(15:21):
doing like yeah, like a click and collect or like
a delivery order or something like.
Speaker 2 (15:24):
It's a really great idea. Every time we've ever gotten
you guys already probably know this, but every time I've
gone on holidays with Jess, I'm like, so, where's the
new a supermarket? Not gonna lie. If we're traveling internationally,
I don't want to do click and collect. I want
to Yeah, that's inexperience going through an international market, getting
to see their cereal aisles, like what brands they have
(15:46):
like for me, that's part of the holiday. I love it.
I love it. I'm always like, oh, do you want
to go into that supermarket? Do you want to go
into that deli? Like, maybe I'm not the person you
want to travel with, but yeah, I always go get
like a cereal and a coffee option for the mornings,
for sure. I don't want to eat out every single meal. No,
I know it is quite experienced.
Speaker 5 (16:04):
I always look for the grocery store wherever I am,
even if I'm with in Australia. Something about being and
woolies is so companying. This next one is from Jess Ricky.
Speaker 2 (16:14):
Actually, if you don't mind. So we put a whole
thread in our Facebook group every single week so that
our community can share. And then you just go, yeah,
just give me, give me hot I think I know
what this one is and it is a good one.
Oh it's crazy. She's got tickets on this too.
Speaker 5 (16:30):
Yeah, it is right right, you know what that's actually
pun and you'll soon figure out why. So to celebrate
the opening of the Metro Tunnel, two months of free
travel will apply every Saturday and Sunday from early December
twenty twenty five to the first of February twenty twenty
six for all public transport within Victoria. Isn't that amazing?
Speaker 2 (16:50):
That is actually very cool? And now my ticket comment
does make sense, makes a lot of sense. No ticket required,
you guys, that is a money win. Could we make
it a little bit better? Like, can can you have
your people call my people or something and talk about
extending that for like even a week so that everyone
can save on their my keys for work and then
like really stash some extra cash. Lovely, I don't know
(17:12):
about the weekend. I'll take what I can get. I
want to be greedy, but also I'm really greedy.
Speaker 5 (17:16):
I think like, either never end it just weekends forever free,
I would think, or yeah, make it like the whole
week for a few months.
Speaker 2 (17:24):
Yeah. I also reckon that the Victorian Premier should call
the Queensland Premier and they should talk. Yes, because for
those of you not following, Queensland get fifty cent public
trans yes. Do they rude? Right? Very nice? I know,
I know, well fair enough. I have your people call
their people and their people tell you how to do
your job.
Speaker 5 (17:43):
It really makes me upset and I'm not going to
linger on this for too long. But people that are
already struggling to get by and then they're like, oh cool,
I finally found a job.
Speaker 2 (17:50):
Oh it's going to cost me fifty dollars a week
to get there and you don't have the cash, and like,
you don't have it, just give us public transport for
free during a week, yeah, because I feel like that
take a lot of pressure off a lot of people. Absolutely,
or just do it for fifty cents. Sorry, why can
Queensland do it exactly?
Speaker 5 (18:06):
And actually, you know what we'll pay on the weekends
during the week. No, we try to take my taxes.
And that's my vergue tip for this week.
Speaker 2 (18:13):
Do you know what, that's a really good one. I
will allow the fact that you got Jess to do
your job. Thank you Jess anytime. Okay, don't cut this out.
That is naughty. I actually like your opinion. Beck, stop
trying to steal Jess. Yes, Sam, or let's go to
a really quick break because on the flip side, we're
going to be talking about a money dilemma. Wanting to
know more about managed portfolios not managed funds, and something
(18:37):
that you slid into our DMS about what do you
do when your partner is getting a little bit too
obsessed with Black Friday? And it's definitely not from Jess's partner,
So you'll see you on the flip side. Guy.
Speaker 4 (18:51):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 6 (18:57):
Hi, there, have you got a money dilemma you just
can't solve? The She'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. Now, let's take a
listen to this week's money dilemma.
Speaker 7 (19:20):
Hi, she's on the money. I have a question regarding
our favorite topic of investing. I currently have two different
apps for investing. I have a Chez's account and Better
Shares account. With the Chas's, I'll just have a few
ETFs and direct shares that I put money into when
I can, and the Beta shares are recently opened up
a high growth managed portfolio and I aim to put
(19:41):
two to three hundred a month into that. My question is,
are these managed portfolios actually worth it? I pay three
dollars a month. I know that changes per platform, per portfolio,
and how much you've gotten it, but I was doing
a bit of overreading, we would say, a bit of
analysis paralysis into these managed portfolios, and people say that
it it is not worth it, and you can just
kind of buy their ETFs or shares yourself.
Speaker 6 (20:03):
Yeah.
Speaker 7 (20:04):
I just wanted to know what your thoughts are on
these managed profolos and if they're were it.
Speaker 2 (20:07):
Thanks? I love this. I think that's a really good
question because like, these managed portfolios online are incredibly transparent,
so you can go to and she mentioned Beta shares
and I've just gone to their website, just to make
sure that I've got, you know, a really good handle
of what's going on. And it reminds me a lot
of our friends at Life Sirpa. They do something really
(20:29):
really similar. I feel like they might hold your hand
a little bit more than just a Beta shares like
managed portfolio. But anyway, we can get back to that.
We can talk about that later. But the cool thing
about this is, yes, you could go in today and
replicate the beta shares platform, like you could log in,
go have a look at their website exactly like I am.
Have a look at their managed portfolios. They are super transparent.
(20:51):
They're like, okay, cool. If you're an aggressive investor, these
are the ETFs we would pick with you. The problem
with you going in and going, well, I don't want
the fees. I don't want to be associated with that.
I wanted, you know, do it myself. That's fantastic. You
could absolutely do that. But the managed portfolio part means
they ongoingly manage the rebalancing the construction of that portfolio.
(21:12):
They are going to choose when an ETF exits your portfolio.
So if they're like, oh, this one's not performing as well,
we're going to drop that out. They're going to pick
up another option and just put it into your portfolio
without you lifting a finger. So today, yes, they are
being very transparent on what they would pick, but that
doesn't mean it wouldn't change and be ongoingly managed. And
the fees are reflective of that. So that's why people
(21:35):
might ask questions like, oh, you could just do yourself.
You totally could. I do it myself. But every single
six months ish, I go back in and I analyze
every single one of my ETFs and I make sure
that they're performing the way I want. You know, I
might sell down some to rebalance it over because I have.
And we've spoken about this before, and this is probably
a good plug to go back and listen to the
(21:56):
episode that I did with Brooke on her investing portfolio.
We talk about how we have It's basically a pie chart,
and I know that I want fifty percent of my
portfolio in this particular asset, and then I break up
the rest of my portfolio across different assets. And then
every six months, I get that pie chat out and
I sit it in front of me and look at
my portfolio and go, is this still replicated? Am I
(22:18):
still comfortable with this breakdown, Do I want any changes?
And then, because the market always ebbs and flows, like, yes,
I have for this period of time invested fifty percent
of the amount I invest into that ETF. But let's
pretend it performed really well. Okay, Now my portfolio is
actually more than fifty percent of that ETF because it's
been performing so well, and I have a dividend reinvestment plan,
(22:41):
so I often will make the decision to sell down
some of that stock and redistribute it into the other
parts of my portfolio so I can maintain the percentages
I have chosen. They do that for you, Yeah, so
they're going to have the finger on the pulse and
all you have to do is keep sending money their way.
They are going to charge a fee for that service,
but for most people, that is a fee that is
(23:02):
worthy of paying. And I won't talk about beta shares specifically,
that's just what this community member has written in about.
But there are lots of different managed portfolio options on
the market where they say, hey, JS, we'll manage it
for you. Yeah, and like to me, if you don't
want to have as high a touch option as you know,
when I go into my shares is account and I
(23:23):
have to look at my portfolio and go, oh, what's
that looking like? Perfect? Some of us don't want that,
but we want that middle ground between. Well, I'd love
to do it myself because I love the idea of
those fees. I don't want to go see a financial
advisor because I don't want to pay those fees, but
I still want more support than DII. Does that make sense, Yeah, totally.
Speaker 4 (23:43):
Yeah. My only thing with the an issue that I
would just flag is that I think the beta shares
one from a cursory look, I'm not super familiar with
it personally, but I think it's just ETFs they manage.
Speaker 2 (23:52):
Yeah, so that's just what they've constructed their portfolio of.
For some other managed funds, you might find that they
are a managed fund and they hold twelve different direct
shares that they manage, and they would chop and change
out of that, and it would really depend on the
company issuing them. I'm not surprised, and I quite like
Beta shares as a business. They are fantastic. But if
(24:13):
you've not heard of them before, they are one of
the biggest issuers of ETFs in Australia. So they've clearly seen, well,
we construct ETFs all the time, let's put this product
over the top and have a different team pick from
basically all our ETFs to create a portfolio that ongoingly
is managed for a client. It's good business from them
(24:33):
from my perspective. But then the other thing I would
say there is if you're going to go to a
beta shares, it's like going and seeing a mortgage broker
who works for a bank. So you're only going to
get beta shares ETF options. They're not going to go
pick a vanguard option because that's not in their best interests.
So that's where if you're looking at this and going, oh,
(24:53):
that actually sounds really good, v Like, I love the
managed portfolio idea, but you're going to go direct to
an ETF, I can guarantee all of their managed portfolios
are just made up of different selections of their product.
You're not getting the whole market, whereas a product like
life Sherpa would be able to actually just they might
have a beta shares, they might have a vanguard that
(25:14):
might be looking at a black rock over here, and
they kind of take everything on the market and then
construct your managed portfolio.
Speaker 4 (25:20):
Yeah, and they're a nice middle ground two in terms
of price point because they don't do like a full
written advice and it doesn't come with the expense that
we know is really prohibitive.
Speaker 2 (25:29):
To a lot of people.
Speaker 4 (25:29):
Whereas you know the way that they do it. They
do a little bit of robo but they also have
people there that you can pick up the phone and
speak to. So it's a little bit of a step
further than the managed fund with beta shares, where I
think you just buy it, or any managed fund, you
just buy it and you know, let it tick away
in the background. Sometimes you know, people want a person there.
So that makes it a really good I guess next
stepping option across the spectrum.
Speaker 2 (25:51):
Yeah, and the last thing I want you guys to
take from that is like, oh, the beta shares is
not a good option. It is, but that's why I
want you to look at all of your options on
the table, but then also have the pros and cons,
Like beta shares do great ETFs, they have really good performance,
they have a really good track record. They may have
top five every year, yeah, but they're always in our
top five. I've met with so many people on their
(26:13):
team before they are so delightful. But it would be
a miss of me to not be really pragmatic about going. Okay, cool,
but it is like going direct to the bank for
a loan and not looking for the rest of the
options that might be on the table that maybe suit
you a little bit better. But you could also go.
But I really like be I'm the same as you.
I really trust them, I'm miss I'm that. So you
(26:34):
just go with the beta shares option. It's not necessarily
going to impact your performance because every ETF issue are
is going to construct them in a way where they're
trying to perform their best too. Yeah, so is it
the worst? No, But I also want you to have
like the black and the white and make the decision
for yourself. I'm not going to be like, yep, fantastic option,
off you go. Yeah, but yeah, you'll never get that
(26:56):
from me. I'm so sorry. No, it's so fair.
Speaker 5 (26:57):
That's great advice. I this is in my wheelhouse. But
I trust everything you say. Oh thanks, babe, always haven't
always will.
Speaker 2 (27:08):
The next ones for you? Don't you? Would you like
to hear the next one? Absolutely? All right, So we're
going to slide on into our DMS and read out
one of the spiciest ones we got this week, which surprisingly,
my favorite part about this is it's anonymous for you
guys and every single one of our listeners. I know
who you are already looked at your Instagram profile. It's James.
(27:29):
Imagine that's where I go and to ruin our own fun,
Beck was it wasn't James. But that's okay, so hey,
she's on the money. I'm starting to get anxious about
Black Friday. Normally, my partner and I are on exactly
the same page with money. We share finances and we're
not big spenders. We've got other goals that we're currently
working towards. But it's like something flips in him every
(27:53):
single year. Every time something he wants comes up, he says,
I'm going to add it to the Black Friday list,
and then his lips get out of control. I get
that technically we save money if we shop during Black Friday,
but to me, the list is not essential things that
we actually need. I don't want to come across as
controlling or like I'm telling him what he can and
(28:13):
can't spend money on. But I also feel like he's
falling right into what the sales are designed to make
us do, which is overspend. How do I get him
to see that? And what would you do for you?
Speaker 4 (28:23):
And me?
Speaker 2 (28:24):
Well, how the tables have turned?
Speaker 3 (28:26):
Who and I love it?
Speaker 2 (28:27):
You're like, the guy's the bigger spender. Oh yeah, yeah,
that's a silly little girl thing. Men do it too, Absolutely.
Men spend money and they go, oh, good on you, mate,
you deserved that, or good investment. I spend a boat frivolous. Yeah, okay,
So what would I do?
Speaker 5 (28:43):
I think, first of all, the fact that this person
has enough self control, your partner has enough self control
to be like, I'm going to add this to the
list of things that I want to buy when it's
really heavily reduced. I think that is incredible. It's an
incredible place to start. But I also think, like, in
the it probably feels like there are things that you
guys don't need, but like maybe because there are so
(29:04):
many things that bring us joy, and the fact that
he's putting these on a like in a list of
things to buy in the future means that it's very likely.
I don't know if this happens, because you see, you
do seem to be worried that it's all all everything
in the list is staying in the list. But I
think if you spend you kind of wait a long time,
like as you say, VD, like leave twenty four hours
(29:25):
between you and your purchase, then you kind of end
up being like, oh, I don't really need that anyway.
So I feel like having a list of things that
are just like luxury items is a good idea to
have anyway, because it's probably they're probably not all going
to make it when it comes to Black Friday time.
But I think like allow each other those little treasures
and honestly thank your lucky goddamn stars that they are
(29:48):
not like me, and just like, oh my god, I
want that. I'm going to buy that right now. I
don't even care to take a line of credit out.
I don't have to get a credit card or after pay.
Speaker 2 (29:57):
I do not care. There's nothing that's stopping me from
And then Matt go back up, we're working on that
right now.
Speaker 8 (30:03):
No judgment, Yeah, I would just say, but obviously, like
if these things are like if it's kind of gotten
to the point where it's like I don't care if
it financially ruins us, I'm buying these at Black Friday,
no matter what.
Speaker 2 (30:13):
That's a different story. But if it's like.
Speaker 5 (30:15):
They're not going to financially cripple us, it's just like, hey,
you don't need to be like buying these luxury items.
Speaker 2 (30:19):
We don't need them.
Speaker 5 (30:21):
Then you know, maybe whittle it down to two or
three things that bring you joy and then just stick
with those per year. But I wouldn't worry too much personally.
Speaker 2 (30:31):
I would be interested to know. I want to see
the list. I'm so desperate. I would love to see
the list.
Speaker 4 (30:35):
I totally agree our listeners on the money in the
sense when they say that, you know, the marketing sales.
Speaker 2 (30:40):
Periods are designed.
Speaker 4 (30:41):
You know, they're built with strategies that utilize psychology and
things like that to make us spend as much money
as possible. Like, let's be really upfront, that's the ultimate
goal of all of these companies is to sell as
much product as they can and make as much money
as they.
Speaker 2 (30:52):
Can, and they're doing it really well. It do me
really well.
Speaker 4 (30:55):
I think that, as we have said on the show
many times, you can utilize these sales to your advantage.
Something that you are going to buy anyway, whether it's
a necessity, whether it is a little treaty treat we
were talking about, like the Ninja products on like.
Speaker 2 (31:06):
The Amazon Prime Day sales.
Speaker 4 (31:07):
If that's something that you knew was on you know,
Christmas list for the kids or something like that, and
you were going to make the purchase anyway, it does
make sense to buy it on sale. What I would
be interested to know is is your husband keeping this
list throughout the year not spending incidentally throughout the youngs
fun money is banking up and going hard during Black Friday,
(31:28):
because in that instance, I actually think that it may
not be so bad. And the way that you can
crash check this is do you have a budget. If
you have a budget, do you have fun money allocated?
If you do, you maybe spending your fun money every month,
Like this's what I do. I we have a certain
amount that I say I can spend this every month,
and I do.
Speaker 2 (31:45):
Every month I spend it. She's really good at it. Actually,
we talk about it in the office like the other
day one of our team members, because we've been on
work trips and like in and out of the office
a lot recently. She's like, be my fun money from
the last few weeks has banked up now I have
extra fun money dream and now I have analysis paralysis
over how I can spend it.
Speaker 4 (32:05):
That's what I mean, right, So if he had fun
money throughout the year and he wasn't spending it, yeah,
you know, if you guys don't have a firm budget
system in place, it might be a little bit harder
to track.
Speaker 2 (32:14):
But I would just keep that as a consideration because.
Speaker 4 (32:16):
I think if one of you is maybe spending within
your means throughout the year and one of you isn't,
it's not the worst thing. If that's all then being
spent during sale time. If that's not the case, then
he has just gone a little bit buck while going whoa,
it's all on sale, which, like I mean, we've all
been there. I think it is just a matter of
maybe sitting him down, running the numbers a little bit.
Speaker 2 (32:35):
I feel like that's what I always come back to you.
I just want to know what's on the list, Like
only you're not saying it's essential, but like why is
it on a list ongoingly? It's not like an impulse
purchase from the way that you've written it. It's like
a list that he's been tracking, like it might be
you know, like Jess the Ninja and you really really
want it. It's been your list for ages and you've
been thinking about it and thinking about it, and you're like, no,
(32:56):
I'm happy to spend that couple of hundred dollars and
I want to get the best steal. Is that what
it is? Or is it just like he just sees
it as free money and he's been making this laundry
list of luxury products you guys genuinely do not need
and you don't even know if he's going to use them,
and he doesn't check the list twice. He's like, I'm
just going to buy the list when it comes up,
Like I want to know the mentality around that. But
(33:17):
same as Jess, Like what's your budget look like? And
what does your fun money allocated look like? And maybe
we're not even questioning the list, Like maybe we're sitting
down and being like, hey, like we're planning on doing
some spending in the future or around Black Friday, Like
what do we actually have budgeted for this? Like what
off the list can we afford to get or not?
(33:38):
As opposed to like breaking down his list in his
middle ground, only carefully curated for a specific purchase and
you know, you might come to the conclusion together. You
know what, you don't need a new TV. You already
have a TV and that one works really well. But
to him it might be a more of a priority
than you thought it was, So I don't think breaking
down the list first is maybe the wisest decision. Then
(34:00):
you're telling him kind of that his values aren't as
valid as what you think they are. And I wouldn't
want anyone to feel bad about their decisions around money,
especially sorry you're starting a list, you're checking it twice
a find out who's not or not exactly what we
got to exactly. And the other additional layer is maybe
you could open the conversation up about, hey, how do
we make the most of these sales? Christmas is coming up?
(34:24):
You know, it's my friend's birthday coming up, and I
know that it's like her thirtieth, so I know I'm
going to be buying a present. Should we be talking
about all of those things now, so that the sales
are not just you know, benefiting us and luxury items
that we want to buy, but also putting us in
a better financial position. Because I don't think a lot
of people and I have this year right there, Christmas
lists early enough to then go oh, I've picked up
(34:46):
Becks and Jesses and this and that during a sale,
because the closer you get to Christmas, the less sales
there are going to be. There's going to be a
whole heap of promotion. They're going to say that things
are discounted, but they're never as discounted as they are
during Black Friday or host Black Friday, just because they
know that you're more desperate for it and you're going
to pay for it. Yeah, you're not going to find
sales on Christmas Eve, baby cakes, that's not going to happen.
(35:08):
They know that you're now desperate buying yeah, and that
wasn't maybe a planned purchase, and they're going to make hey,
well the sun is shining basically. So we obviously also
asked the community because sorry, my favorite thing is your opinion.
Couldn't agree more. Oh I love reading through this and
being like, oh, that's spicy. So we first said what
would you do if you were our community member? This
(35:30):
was pretty split. Forty five percent of you said separate spending,
budget limits and the other forty five percent said compromised
with a shared agreed list seven percent of you said
leave him to spend however he wants, and two percent
said I'd push to skip Black Friday altogether. Okay, fine.
Next question I asked was what are your Black Friday vibes?
(35:54):
Thirty eight percent of you very she's on the money,
said I'm going to use it for Christmas gifts only gorgeous.
Thirty five percent of you said managed to stick to
my list and my budget. Seventeen percent of you said
I'm actually unsubscribing from everything Black Friday, and then ten
percent of you said get carried away and I am overspending. Yeah.
(36:14):
We then said, all right, what's your two cents on
this question? First person said, I put money away each
month for Black Friday sales. I do have a list
of essentials for myself, and I also have a plan
for my Christmas shop. Brilliant. Next person said, spending on
something you don't need because it's on sale is not saving.
It is still spending. I love that quote. That's one
of my favorite quotes because it you're true. I feel
(36:35):
like we say it in the office all the time
and people are like, oh my god, it was like
forty percent off, and we're like, was it or did
you play sixty percent true. Oh, if you were in
the office more often, Beck, I think you would be
horrified at the conversations we have. Like the other day,
I was talking to one of our team members who
really wants the new iPhone, and I was just like same, yeah.
(36:55):
I was like, you don't need it. She's like, yeah,
I do. Like it's got a better camera. And I
was like, you've got a camera. You do not need
another one camera. Yeah. No, sorry, I'm just no, no, no,
You've got a phone that works. And these things come
out every single twelve months, So another twelve months from now,
you're going to be wanting the iPhone eighteen? So do
you want that one? Like, let's just put it off, Like, well,
(37:15):
you've got something that works. Yeah. Oh yeah, we're savages
in the office. That's a great point. We're much kinder
to the community than we are to each other in
the office. Down. Yeah, we're like Jessica, put it down,
just step away from the next person said the over
consumption and american ness actually just gives me the ex
so I skip. Next person said, do you have a
(37:36):
shared goal that his spending is going to interfere with
or are you better? And I'll do two more. Next
person said, it's not a sale if they hike the
price for the month before, then bring it back down
for like Friday.
Speaker 4 (37:48):
That's always worth checking because some people do do that
some places.
Speaker 2 (37:52):
True. And then someone said, I will only ever order
something if it's like fifty percent off, not the silly
five to twenty percent. Impletely agree. Do you get that anytime? Yeah? Absolutely?
All right, Well That's where I'm going to leave it there.
But I do feel like I just need to have
a values conversation. What's a comeback to jess communication that's
been so wild for a wild all right, will have
(38:13):
a good rest of the day, guys, and we'll see
you bright and early on Monday morning for a money
Darry Bye, Bye, guys. Bye.
Speaker 6 (38:25):
The advice shared on She's on the Money is general
in nature and does not consider your individual circumstances.
Speaker 2 (38:31):
She's on the.
Speaker 6 (38:31):
Money exists purely for educational purposes and should not be
relied upon to make an investment or financial decision.
Speaker 2 (38:38):
If you do choose to buy a financial.
Speaker 6 (38:40):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 5 (38:44):
Advice tailored towards your needs.
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Speaker 2 (38:59):
Nine Back had the
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t glennyan Ganya, Niana,
kaka ya Ya bin Ahaka nian Ar gay In Nimbina
yakarum jar dominyamiga Umagahawakaman damon Imlan wimber bang gadabomba in
and now in wakah ghana on yakraum jar Watnadaa. Hello,
(00:22):
beautiful friends, we gather on the lands of the Aboriginal people.
We thank, acknowledge and respect the Aberiginal 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 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money.
Speaker 2 (01:07):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It is
our favorite day of the week because we get to
get together and celebrate you and my ailing voice. How beautiful.
She's on the Money Community. The incredible Miss Jess Gricci
is going to be sharing our favorite money wins. Miss
Becksayed as always, has a few cheeky broke tips lined
(01:31):
up for us, and we're going to be helping to
answer her money dilemma, wanting to know more about managed
portfolios and whether they're a good option and something that
you slid into our DMS about this week. What do
you do when your partner is getting a little bit
too obsessed with Black Friday? Oh mister, could you maybe
(01:51):
resonate with that question? Do you think Jay might be
the partner? Yes, James into the show?
Speaker 3 (01:57):
Help me?
Speaker 4 (01:58):
There's so many boxers.
Speaker 2 (02:00):
Oh, no, you know what I feel like. That's where
me sometimes working from home has come in clutch because
I hear them come in and I just like usher
them into my office and no a package here, generally,
tell you what are you talking about? Definitely not besties
with the Postman exactly. Before I get to our question
for the team, would you guys like to hear a
little bit of a five star review? Course? All right?
(02:22):
This one is from med Love's photography Cute five stars.
Listening to Shares on the Money has honestly changed my
life and my whole perspective on money. I've set up
an emergency fund, started investing with shares Is. I've been
contributing extra to super to get it up to where
it should be and have a fun money account which
I stick to every week. Having this system and knowledge
(02:44):
of why this is all important makes me feel so
much more in control. As a millennial who had little
financial education growing up, who worked a series of casual
and part time jobs well into my thirties, I can
now say that, although I still have a lot of
catching up to do, I feel like I am very
well on my way to financial freedom. I've told all
my friends and anyone honestly who will listen about She's
(03:07):
on the Money, and recommended the podcast and all of
your associated books to my friends. Thank you, thank you,
thank you.
Speaker 5 (03:13):
My god.
Speaker 2 (03:14):
That's amazing.
Speaker 5 (03:14):
That is amazing, And it sounds like that's me like
writing in like cause that's all the casual jobs, part
time jobs. It's so cool to know that you can
you can turn it around at any moment.
Speaker 2 (03:26):
It's actually crazy. I didn't get in a fight. I
got in a slight disagreement with someone in some comments
online this week because someone commented on one of our
money diaries and said, oh, well, this is so unrelatable,
and I was like, but it's not, though, like if
I had a billionaire or like I showed something like
(03:47):
you know, maybe I was talking about, oh, well, to
create wealth, you need to have a business and you
need to do this in each that I was like, no, no, no, like,
I haven't shown something you're not capable of. And I
think I was just really defensive because I was like, God,
I've shown a single mom who's single handedly has two
jobs and like is running rings around it and still
saving and investing, and yes, it's not at the levels
she wants it to be at, but she's creating wealth herself.
(04:10):
And I just go, no, it might not be relatable
to your situation right now, but it's not unreally stick
And I think that's where I get a little bit frustrated,
because I'm like, there's a difference between unrelatable. You know,
you watch influences online and they're buying million dollar homes
and just like living lives that genuinely are very unrealistic
for the average person. But we're not talking usually about
(04:31):
that type of wealth. We're talking about, Hey, baby, if
you've got your emergency fund set up, are you investing
for the future. Have you structured? You're super? Right? Are you?
And sixty five year old? You're going to be all good?
And usually in our community, the answer if you're proactive
is yes, because you still do have to do the work.
But like five star review, thank you for sharing it
with us. But girl, you did the work.
Speaker 4 (04:52):
Yeah, you've tapped a lot of things too, Like she's
investing on chances, she's done her super she's doing all
these bits and pieces right, exciting and like chie.
Speaker 2 (05:00):
That you did for future you, and she's gonna thrive.
It sounds like she already is. And that's my favorite
part about our community. That's amazing time. All right, Well,
would you guys like the question of the week?
Speaker 1 (05:13):
Yes?
Speaker 2 (05:13):
Please? I feel like there's have been getting unhinged. So
here's me. I'm reducing this segment. I'm thinking they're gonna
ask beck on her opinion of Super. No, you guys
really just took this. You can ask us anything and
lead with it. The more the better, I say. Yeah,
it's time for our favorite part or my favorite part
of Friday Drinks, where literally you ask us questions that
(05:33):
you are dying to know the answer to, and it
literally can be about anything, even shopping tips like this
one from Alisha, who says, where are your girls shopping
for an affordable black tie dress?
Speaker 4 (05:48):
No?
Speaker 2 (05:49):
No, no, you have to go to the fanciest wedding you've
ever been to. Where are you're going shopping? I'm going
to uniclue love. But what are you picking out? Tell me?
Like the vibe if I say, and I think that
makes it easier, Like we're not just shopping for a
black tiev it. Let's say you got hearted to a
black tie wedding. You love the person, you want to
look your best. What's the outfit vibe?
Speaker 5 (06:07):
I'm going a satin oversized teatly okay, sleigh, and I'm
going to do it all the way to the top.
Speaker 2 (06:14):
Yeah, it's gonna be like like a button up okay,
way to the top and then oversized long pant business
pant ye ye.
Speaker 5 (06:23):
With a belt and so you can I'm pretty sure
you can get. I don't know about the satin part
of this outfit.
Speaker 2 (06:27):
I feel like Unicloid does do satin, yes, or you
just get a giant shirt.
Speaker 5 (06:32):
Also, I never know the difference between T shirt and shirt.
I'm saying shirt with the button.
Speaker 2 (06:35):
Shirt has like the collar and the button us. Okay,
shirt is like that rounded neck that you're we you
got you got to you so shirt.
Speaker 5 (06:43):
And then I'm just honestly for shoes, whatever the hell
you want, because you make it up look nice. But
I think just honestly going a kmart and getting like
those school shoes.
Speaker 2 (06:53):
Yeah, that's good. You've got a pair of those. Yeah
you look shaking them. Thank you so much.
Speaker 5 (06:58):
And I wouldn't be spending more than for yours, unfortunately
because they can't. But if I was going to really
really go out, I don't have a place in mind
other than Nuklo.
Speaker 2 (07:07):
I'm so sorry, but I kind of love that's like
Beck showing up as Beck. Thank you. Yes, I can't,
And when the question came through, I'm like, I cannot
for the life of me. Imagine you no getting into
a black tied dress and being comfortable. Yeah, no, do that,
I'll try, Jess. Where are you shopping?
Speaker 4 (07:26):
I think for the best price secondhand is the go
Facebook marketplace deepot because obviously black tie is quite formal.
Speaker 2 (07:34):
My favorite.
Speaker 4 (07:34):
I don't want to say it's super cheap, but you
can pick things up on sale. Meshki does a love
really great range from more casual through to what I
think is totally fine for black tie.
Speaker 2 (07:46):
Now they have a whole segment on their website called
black Tie.
Speaker 4 (07:48):
They don't even realize that money wim and I think
that they do sales pretty frequently. You can do cash
back and things like that to help bring cross down.
But relative to what you can find yourself spending for
black tie, I think they're quite a reasonable price point
for a lot of their pieces.
Speaker 2 (08:02):
Okay, I agree. A lot of my formal dresses historically
have actually come from Chic. Oh she does gorgeous. Yeah,
and I find I don't know why you are so planned,
but like, yes, you're right deep hop, Facebook, market Place,
et cetera. Well, yeah, if you've got the time or
honestly hiring a dress. That's something that I have been
doing a lot of recently because I just know I
(08:24):
want a dress that I've not worn. It's black tie.
I'm sorry, I know already I'm never gonna wear it again.
I've got this one black tie dress that I bought
during UNI that honestly I wore for every single UNI
event because like, sorry, it was from Chic, which is
you know, I just always was there, but like every event,
I just wore that dress when it was like uniball
(08:45):
or whatever because I was like, well, I don't have
the funds to go buy a new dress, and like,
I really like this one, so I just kept wearing
and it looked really good. Not gonna lie, but yeah,
I would go chic if I didn't have the time
to source something. But you bought a formal dress not
long ago. Was it racquet Club?
Speaker 5 (09:01):
Oh?
Speaker 2 (09:01):
Yes, rack Club are great. Yeah, I remember you being like, gee,
this was like thirty dollars and I have no event
to wear it too, but like I just know I'm
going to get aware out of this.
Speaker 4 (09:09):
Yeah.
Speaker 2 (09:09):
Yeah.
Speaker 4 (09:10):
They're a consignment store, which is another really good option.
So they're in Melbourne. They have I think three locations.
I've sold stuff there to. It's great for that as well.
But yeah, similar thing like a consignment see might have luck.
And I feel like formal dresses are something that a
lot of people do sell on because you wear it
once maybe twice, and you go, oh, I don't know
that I would wear it again, So you can often
pick them up places like that really cheap.
Speaker 2 (09:30):
Do you know what I would also recommend if you've
got a good friends group, which I know some of
us don't have that. But if you've got a good
friends group, shop their wardrobes. Oh yeah. Like in our
office at work, it just goes, oh my god, I've
got a wedding coming up. I'm always like, if I
have any dresses you want, you let me know, Like,
you can borrow whatever. If you've seen me on like
on Instagram in it or like, you know it's in
(09:50):
my wardrobe. It's fair game. Like I just love the
idea that my cost per wear is being brought down
by other people as well. I've done a few Victoria
Divine specials over the years. Yeah, but like, I don't know.
It's so funny because I know some people who'd be like, oh,
I'd never lend out my wardrobe. I get such joy
out of the fact that I picked a dress. I
loved it. But then like Jess didn't just go oh
(10:10):
yeah that was pretty nice Bee, She's like, can I
borrow it? Yes, Queen, looks so good on you too,
Like I love that you loved it too. Yeah, that
is a good feeling. Yeah, sorrying's a great tip. You're borrowing.
We're borrowing dresses. From our friends. Honestly borrowing silk shirts
from our friends. Absolutely ten out of ten. I feel
like we've nailed that question. Would you like to get
(10:31):
into the money, wins and confessions of this week, Jessica,
I would love.
Speaker 4 (10:34):
To, if that's all right. I'm going to start off
this week with one from Hannah. She's actually paid off
and closed her after pay after having to rye on
it for the last couple of years. It felt really
bloody good, Queen and everyone else who's doing the same thing.
It's greats to money went from Claire, who said she
went to Ikea to buy a chair cover. After picking
one up, she passed through the as e Is section
on her way out and found the exact same one
(10:56):
there for half of the price. The Aussiest section is
my favorite set at Ika if they're right by the
checkout and it's where they sell all the stuff that
was in the display rooms. I assembled properly by like
someone who works in Ikia knows how to do it,
and it's like it hasn't been used, it's just been
sitting there.
Speaker 2 (11:11):
That's so good. My favorite part of Ikea is the
cafeteria where you can get the meatballs absolutely.
Speaker 4 (11:16):
After we spoke about it, maybe a month or two ago,
I went and got meatballs.
Speaker 2 (11:19):
For Did she actually stop it? It's so close to
the studio. I'm so jealous. We can do it today.
Didn't invite us? I know what the hell, let's do
it today. Thats not your kids? We all secretly because
I was going to go too. But if we all
ready each other, let's do it after this, let's hear
it after this. That sounds fair? Th mexticot.
Speaker 4 (11:38):
A money went from Jessica excellent name, who said a
bit of an old one, but her favorite spin studio
ran a specialty class and then afterwards took all the
women to Lulu Lemon to get a.
Speaker 2 (11:48):
Free pair of leggings.
Speaker 4 (11:49):
Sorry, what she said, pretty epic return on a thirty
five dollar class. She'd never normally spend that much money
on a pair of leggings. What I'd like to sign
up for this class?
Speaker 2 (11:58):
Please? Sorry? How do we get in on? That sounds slight?
I love a little still them they all just went
in and just like a HIJACKX you imagine. No, No,
we don't do that, Yeah we do, we don't. Lastly,
this week, I've got a money win from Adriana who
said her car insurance was to you. She asked them
to lower the annual price due to her having three
(12:18):
separate policies with them, so they did it by fifty dollars,
which put it back to the same price as last year.
They said they were going to resent her the policy.
They didn't resent her the policy, so she followed up
and they took another sixty bucks off for the inconvenience win.
It pays to be inconvenience sometimes. Absolutely. Learning from this
absolutely that's everything for me. This I love that. Miss
becksay ed, what have you got when it comes to
(12:40):
broke tips? So this week I got a couple of
good ones. The first one comes from Katya. She says
that if you hit escape really.
Speaker 5 (12:48):
Quickly when you're going to like read an article and
a pay wall comes up escape, if you hit escape
really quickly, then you can sometimes avoid the paywall. And
so our gorgeous producer did some research on this and
it is true. Quickly eating the escape key upon a
page loading can sometimes prevent a paywall from appearing by
interrupting the pages loading process, which I.
Speaker 2 (13:08):
Know is like it depends on the it depends on.
Speaker 5 (13:10):
The side, like I do feel bad, like I don't
want to steal content, but also like why can't I
just read the article?
Speaker 1 (13:18):
You know?
Speaker 2 (13:18):
Personal peppe is news behind a paywall.
Speaker 4 (13:20):
If you are a creator putting totally out, Oh yeah,
I think you suck.
Speaker 2 (13:26):
No, not at all, but like, yeah, the nature of
what it is news should be for public consumption. I agree,
I agree. I don't know. That's my hot take. I
completely share another one that I may or may not use.
So the second it starts loading, I can't control a
control C, so like can select everything control C. I've
copied it because then, as you guys probably know, you
(13:47):
can start reading the article and then the pop up
comes up. So if you can get that control a
control C before that happens, I then cut and paste
it into a word document and read it on my
own computer. Oh my god, I haven't tried the escape thing.
I didn't even know what the escape key did, so
I'm going to give that a crack as well. But
(14:09):
that has been my hack for reading paywalled articles that
maybe or I didn't want to pay massive God that
what you will. We're not telling you how to live
your life. We're just kidding. Do you think that's ethical.
That's totally okay. Don't do it completely because we wouldn't.
We're not doing it. We're not going to do it.
Speaker 6 (14:28):
Yeah.
Speaker 2 (14:28):
I mean when I say I do it, I was
just making a suggestion that I might be able to
do it. Yes, it's a clever idea that you haven't
tried yet. Yeah, as somebody who writes for a publication,
who often puts my articles behind paywalls, I'd hate for
you to have that information absolutely because you don't write
that for just anyone. Yeah. Well, there you go, and so.
Speaker 4 (14:48):
There you go.
Speaker 2 (14:50):
Okay. The next one comes from Lisa.
Speaker 5 (14:53):
So this was like a thread asking for holiday saving STIPs,
and I thought this was really interesting.
Speaker 2 (14:57):
Lisa said that she does a supermarket cleaning collect.
Speaker 5 (14:59):
Or delivery order before she leaves, like the health, the
accommodation she's saying it, or like a holiday when she's
going on holiday exactly, so she only has to eat
out once a day. That means that she doesn't have
the option of like deciding not to go shopping when
she gets there, and she doesn't have to waste the
time doing the shopping as well, she can just like
enjoy her holiday so I'm like, trick yourself into like
(15:21):
doing like yeah, like a click and collect or like
a delivery order or something like.
Speaker 2 (15:24):
It's a really great idea. Every time we've ever gotten
you guys already probably know this, but every time I've
gone on holidays with Jess, I'm like, so, where's the
new a supermarket? Not gonna lie. If we're traveling internationally,
I don't want to do click and collect. I want
to Yeah, that's inexperience going through an international market, getting
to see their cereal aisles, like what brands they have
(15:46):
like for me, that's part of the holiday. I love it.
I love it. I'm always like, oh, do you want
to go into that supermarket? Do you want to go
into that deli? Like, maybe I'm not the person you
want to travel with, but yeah, I always go get
like a cereal and a coffee option for the mornings,
for sure. I don't want to eat out every single meal. No,
I know it is quite experienced.
Speaker 5 (16:04):
I always look for the grocery store wherever I am,
even if I'm with in Australia. Something about being and
woolies is so companying. This next one is from Jess Ricky.
Speaker 2 (16:14):
Actually, if you don't mind. So we put a whole
thread in our Facebook group every single week so that
our community can share. And then you just go, yeah,
just give me, give me hot I think I know
what this one is and it is a good one.
Oh it's crazy. She's got tickets on this too.
Speaker 5 (16:30):
Yeah, it is right right, you know what that's actually
pun and you'll soon figure out why. So to celebrate
the opening of the Metro Tunnel, two months of free
travel will apply every Saturday and Sunday from early December
twenty twenty five to the first of February twenty twenty
six for all public transport within Victoria. Isn't that amazing?
Speaker 2 (16:50):
That is actually very cool? And now my ticket comment
does make sense, makes a lot of sense. No ticket required,
you guys, that is a money win. Could we make
it a little bit better? Like, can can you have
your people call my people or something and talk about
extending that for like even a week so that everyone
can save on their my keys for work and then
like really stash some extra cash. Lovely, I don't know
(17:12):
about the weekend. I'll take what I can get. I
want to be greedy, but also I'm really greedy.
Speaker 5 (17:16):
I think like, either never end it just weekends forever free,
I would think, or yeah, make it like the whole
week for a few months.
Speaker 2 (17:24):
Yeah. I also reckon that the Victorian Premier should call
the Queensland Premier and they should talk. Yes, because for
those of you not following, Queensland get fifty cent public
trans yes. Do they rude? Right? Very nice? I know,
I know, well fair enough. I have your people call
their people and their people tell you how to do
your job.
Speaker 5 (17:43):
It really makes me upset and I'm not going to
linger on this for too long. But people that are
already struggling to get by and then they're like, oh cool,
I finally found a job.
Speaker 2 (17:50):
Oh it's going to cost me fifty dollars a week
to get there and you don't have the cash, and like,
you don't have it, just give us public transport for
free during a week, yeah, because I feel like that
take a lot of pressure off a lot of people. Absolutely,
or just do it for fifty cents. Sorry, why can
Queensland do it exactly?
Speaker 5 (18:06):
And actually, you know what we'll pay on the weekends
during the week. No, we try to take my taxes.
And that's my vergue tip for this week.
Speaker 2 (18:13):
Do you know what, that's a really good one. I
will allow the fact that you got Jess to do
your job. Thank you Jess anytime. Okay, don't cut this out.
That is naughty. I actually like your opinion. Beck, stop
trying to steal Jess. Yes, Sam, or let's go to
a really quick break because on the flip side, we're
going to be talking about a money dilemma. Wanting to
know more about managed portfolios not managed funds, and something
(18:37):
that you slid into our DMS about what do you
do when your partner is getting a little bit too
obsessed with Black Friday? And it's definitely not from Jess's partner,
So you'll see you on the flip side. Guy.
Speaker 4 (18:51):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 6 (18:57):
Hi, there, have you got a money dilemma you just
can't solve? The She'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. Now, let's take a
listen to this week's money dilemma.
Speaker 7 (19:20):
Hi, she's on the money. I have a question regarding
our favorite topic of investing. I currently have two different
apps for investing. I have a Chez's account and Better
Shares account. With the Chas's, I'll just have a few
ETFs and direct shares that I put money into when
I can, and the Beta shares are recently opened up
a high growth managed portfolio and I aim to put
(19:41):
two to three hundred a month into that. My question is,
are these managed portfolios actually worth it? I pay three
dollars a month. I know that changes per platform, per portfolio,
and how much you've gotten it, but I was doing
a bit of overreading, we would say, a bit of
analysis paralysis into these managed portfolios, and people say that
it it is not worth it, and you can just
kind of buy their ETFs or shares yourself.
Speaker 6 (20:03):
Yeah.
Speaker 7 (20:04):
I just wanted to know what your thoughts are on
these managed profolos and if they're were it.
Speaker 2 (20:07):
Thanks? I love this. I think that's a really good
question because like, these managed portfolios online are incredibly transparent,
so you can go to and she mentioned Beta shares
and I've just gone to their website, just to make
sure that I've got, you know, a really good handle
of what's going on. And it reminds me a lot
of our friends at Life Sirpa. They do something really
(20:29):
really similar. I feel like they might hold your hand
a little bit more than just a Beta shares like
managed portfolio. But anyway, we can get back to that.
We can talk about that later. But the cool thing
about this is, yes, you could go in today and
replicate the beta shares platform, like you could log in,
go have a look at their website exactly like I am.
Have a look at their managed portfolios. They are super transparent.
(20:51):
They're like, okay, cool. If you're an aggressive investor, these
are the ETFs we would pick with you. The problem
with you going in and going, well, I don't want
the fees. I don't want to be associated with that.
I wanted, you know, do it myself. That's fantastic. You
could absolutely do that. But the managed portfolio part means
they ongoingly manage the rebalancing the construction of that portfolio.
(21:12):
They are going to choose when an ETF exits your portfolio.
So if they're like, oh, this one's not performing as well,
we're going to drop that out. They're going to pick
up another option and just put it into your portfolio
without you lifting a finger. So today, yes, they are
being very transparent on what they would pick, but that
doesn't mean it wouldn't change and be ongoingly managed. And
the fees are reflective of that. So that's why people
(21:35):
might ask questions like, oh, you could just do yourself.
You totally could. I do it myself. But every single
six months ish, I go back in and I analyze
every single one of my ETFs and I make sure
that they're performing the way I want. You know, I
might sell down some to rebalance it over because I have.
And we've spoken about this before, and this is probably
a good plug to go back and listen to the
(21:56):
episode that I did with Brooke on her investing portfolio.
We talk about how we have It's basically a pie chart,
and I know that I want fifty percent of my
portfolio in this particular asset, and then I break up
the rest of my portfolio across different assets. And then
every six months, I get that pie chat out and
I sit it in front of me and look at
my portfolio and go, is this still replicated? Am I
(22:18):
still comfortable with this breakdown, Do I want any changes?
And then, because the market always ebbs and flows, like, yes,
I have for this period of time invested fifty percent
of the amount I invest into that ETF. But let's
pretend it performed really well. Okay, Now my portfolio is
actually more than fifty percent of that ETF because it's
been performing so well, and I have a dividend reinvestment plan,
(22:41):
so I often will make the decision to sell down
some of that stock and redistribute it into the other
parts of my portfolio so I can maintain the percentages
I have chosen. They do that for you, Yeah, so
they're going to have the finger on the pulse and
all you have to do is keep sending money their way.
They are going to charge a fee for that service,
but for most people, that is a fee that is
(23:02):
worthy of paying. And I won't talk about beta shares specifically,
that's just what this community member has written in about.
But there are lots of different managed portfolio options on
the market where they say, hey, JS, we'll manage it
for you. Yeah, and like to me, if you don't
want to have as high a touch option as you know,
when I go into my shares is account and I
(23:23):
have to look at my portfolio and go, oh, what's
that looking like? Perfect? Some of us don't want that,
but we want that middle ground between. Well, I'd love
to do it myself because I love the idea of
those fees. I don't want to go see a financial
advisor because I don't want to pay those fees, but
I still want more support than DII. Does that make sense, Yeah, totally.
Speaker 4 (23:43):
Yeah. My only thing with the an issue that I
would just flag is that I think the beta shares
one from a cursory look, I'm not super familiar with
it personally, but I think it's just ETFs they manage.
Speaker 2 (23:52):
Yeah, so that's just what they've constructed their portfolio of.
For some other managed funds, you might find that they
are a managed fund and they hold twelve different direct
shares that they manage, and they would chop and change
out of that, and it would really depend on the
company issuing them. I'm not surprised, and I quite like
Beta shares as a business. They are fantastic. But if
(24:13):
you've not heard of them before, they are one of
the biggest issuers of ETFs in Australia. So they've clearly seen, well,
we construct ETFs all the time, let's put this product
over the top and have a different team pick from
basically all our ETFs to create a portfolio that ongoingly
is managed for a client. It's good business from them
(24:33):
from my perspective. But then the other thing I would
say there is if you're going to go to a
beta shares, it's like going and seeing a mortgage broker
who works for a bank. So you're only going to
get beta shares ETF options. They're not going to go
pick a vanguard option because that's not in their best interests.
So that's where if you're looking at this and going, oh,
(24:53):
that actually sounds really good, v Like, I love the
managed portfolio idea, but you're going to go direct to
an ETF, I can guarantee all of their managed portfolios
are just made up of different selections of their product.
You're not getting the whole market, whereas a product like
life Sherpa would be able to actually just they might
have a beta shares, they might have a vanguard that
(25:14):
might be looking at a black rock over here, and
they kind of take everything on the market and then
construct your managed portfolio.
Speaker 4 (25:20):
Yeah, and they're a nice middle ground two in terms
of price point because they don't do like a full
written advice and it doesn't come with the expense that
we know is really prohibitive.
Speaker 2 (25:29):
To a lot of people.
Speaker 4 (25:29):
Whereas you know the way that they do it. They
do a little bit of robo but they also have
people there that you can pick up the phone and
speak to. So it's a little bit of a step
further than the managed fund with beta shares, where I
think you just buy it, or any managed fund, you
just buy it and you know, let it tick away
in the background. Sometimes you know, people want a person there.
So that makes it a really good I guess next
stepping option across the spectrum.
Speaker 2 (25:51):
Yeah, and the last thing I want you guys to
take from that is like, oh, the beta shares is
not a good option. It is, but that's why I
want you to look at all of your options on
the table, but then also have the pros and cons,
Like beta shares do great ETFs, they have really good performance,
they have a really good track record. They may have
top five every year, yeah, but they're always in our
top five. I've met with so many people on their
(26:13):
team before they are so delightful. But it would be
a miss of me to not be really pragmatic about going. Okay, cool,
but it is like going direct to the bank for
a loan and not looking for the rest of the
options that might be on the table that maybe suit
you a little bit better. But you could also go.
But I really like be I'm the same as you.
I really trust them, I'm miss I'm that. So you
(26:34):
just go with the beta shares option. It's not necessarily
going to impact your performance because every ETF issue are
is going to construct them in a way where they're
trying to perform their best too. Yeah, so is it
the worst? No, But I also want you to have
like the black and the white and make the decision
for yourself. I'm not going to be like, yep, fantastic option,
off you go. Yeah, but yeah, you'll never get that
(26:56):
from me. I'm so sorry. No, it's so fair.
Speaker 5 (26:57):
That's great advice. I this is in my wheelhouse. But
I trust everything you say. Oh thanks, babe, always haven't
always will.
Speaker 2 (27:08):
The next ones for you? Don't you? Would you like
to hear the next one? Absolutely? All right, So we're
going to slide on into our DMS and read out
one of the spiciest ones we got this week, which surprisingly,
my favorite part about this is it's anonymous for you
guys and every single one of our listeners. I know
who you are already looked at your Instagram profile. It's James.
(27:29):
Imagine that's where I go and to ruin our own fun,
Beck was it wasn't James. But that's okay, so hey,
she's on the money. I'm starting to get anxious about
Black Friday. Normally, my partner and I are on exactly
the same page with money. We share finances and we're
not big spenders. We've got other goals that we're currently
working towards. But it's like something flips in him every
(27:53):
single year. Every time something he wants comes up, he says,
I'm going to add it to the Black Friday list,
and then his lips get out of control. I get
that technically we save money if we shop during Black Friday,
but to me, the list is not essential things that
we actually need. I don't want to come across as
controlling or like I'm telling him what he can and
(28:13):
can't spend money on. But I also feel like he's
falling right into what the sales are designed to make
us do, which is overspend. How do I get him
to see that? And what would you do for you?
Speaker 4 (28:23):
And me?
Speaker 2 (28:24):
Well, how the tables have turned?
Speaker 3 (28:26):
Who and I love it?
Speaker 2 (28:27):
You're like, the guy's the bigger spender. Oh yeah, yeah,
that's a silly little girl thing. Men do it too, Absolutely.
Men spend money and they go, oh, good on you, mate,
you deserved that, or good investment. I spend a boat frivolous. Yeah, okay,
So what would I do?
Speaker 5 (28:43):
I think, first of all, the fact that this person
has enough self control, your partner has enough self control
to be like, I'm going to add this to the
list of things that I want to buy when it's
really heavily reduced. I think that is incredible. It's an
incredible place to start. But I also think, like, in
the it probably feels like there are things that you
guys don't need, but like maybe because there are so
(29:04):
many things that bring us joy, and the fact that
he's putting these on a like in a list of
things to buy in the future means that it's very likely.
I don't know if this happens, because you see, you
do seem to be worried that it's all all everything
in the list is staying in the list. But I
think if you spend you kind of wait a long time,
like as you say, VD, like leave twenty four hours
(29:25):
between you and your purchase, then you kind of end
up being like, oh, I don't really need that anyway.
So I feel like having a list of things that
are just like luxury items is a good idea to
have anyway, because it's probably they're probably not all going
to make it when it comes to Black Friday time.
But I think like allow each other those little treasures
and honestly thank your lucky goddamn stars that they are
(29:48):
not like me, and just like, oh my god, I
want that. I'm going to buy that right now. I
don't even care to take a line of credit out.
I don't have to get a credit card or after pay.
Speaker 2 (29:57):
I do not care. There's nothing that's stopping me from
And then Matt go back up, we're working on that
right now.
Speaker 8 (30:03):
No judgment, Yeah, I would just say, but obviously, like
if these things are like if it's kind of gotten
to the point where it's like I don't care if
it financially ruins us, I'm buying these at Black Friday,
no matter what.
Speaker 2 (30:13):
That's a different story. But if it's like.
Speaker 5 (30:15):
They're not going to financially cripple us, it's just like, hey,
you don't need to be like buying these luxury items.
Speaker 2 (30:19):
We don't need them.
Speaker 5 (30:21):
Then you know, maybe whittle it down to two or
three things that bring you joy and then just stick
with those per year. But I wouldn't worry too much personally.
Speaker 2 (30:31):
I would be interested to know. I want to see
the list. I'm so desperate. I would love to see
the list.
Speaker 4 (30:35):
I totally agree our listeners on the money in the
sense when they say that, you know, the marketing sales.
Speaker 2 (30:40):
Periods are designed.
Speaker 4 (30:41):
You know, they're built with strategies that utilize psychology and
things like that to make us spend as much money
as possible. Like, let's be really upfront, that's the ultimate
goal of all of these companies is to sell as
much product as they can and make as much money
as they.
Speaker 2 (30:52):
Can, and they're doing it really well. It do me
really well.
Speaker 4 (30:55):
I think that, as we have said on the show
many times, you can utilize these sales to your advantage.
Something that you are going to buy anyway, whether it's
a necessity, whether it is a little treaty treat we
were talking about, like the Ninja products on like.
Speaker 2 (31:06):
The Amazon Prime Day sales.
Speaker 4 (31:07):
If that's something that you knew was on you know,
Christmas list for the kids or something like that, and
you were going to make the purchase anyway, it does
make sense to buy it on sale. What I would
be interested to know is is your husband keeping this
list throughout the year not spending incidentally throughout the youngs
fun money is banking up and going hard during Black Friday,
(31:28):
because in that instance, I actually think that it may
not be so bad. And the way that you can
crash check this is do you have a budget. If
you have a budget, do you have fun money allocated?
If you do, you maybe spending your fun money every month,
Like this's what I do. I we have a certain
amount that I say I can spend this every month,
and I do.
Speaker 2 (31:45):
Every month I spend it. She's really good at it. Actually,
we talk about it in the office like the other
day one of our team members, because we've been on
work trips and like in and out of the office
a lot recently. She's like, be my fun money from
the last few weeks has banked up now I have
extra fun money dream and now I have analysis paralysis
over how I can spend it.
Speaker 4 (32:05):
That's what I mean, right, So if he had fun
money throughout the year and he wasn't spending it, yeah,
you know, if you guys don't have a firm budget
system in place, it might be a little bit harder
to track.
Speaker 2 (32:14):
But I would just keep that as a consideration because.
Speaker 4 (32:16):
I think if one of you is maybe spending within
your means throughout the year and one of you isn't,
it's not the worst thing. If that's all then being
spent during sale time. If that's not the case, then
he has just gone a little bit buck while going whoa,
it's all on sale, which, like I mean, we've all
been there. I think it is just a matter of
maybe sitting him down, running the numbers a little bit.
Speaker 2 (32:35):
I feel like that's what I always come back to you.
I just want to know what's on the list, Like
only you're not saying it's essential, but like why is
it on a list ongoingly? It's not like an impulse
purchase from the way that you've written it. It's like
a list that he's been tracking, like it might be
you know, like Jess the Ninja and you really really
want it. It's been your list for ages and you've
been thinking about it and thinking about it, and you're like, no,
(32:56):
I'm happy to spend that couple of hundred dollars and
I want to get the best steal. Is that what
it is? Or is it just like he just sees
it as free money and he's been making this laundry
list of luxury products you guys genuinely do not need
and you don't even know if he's going to use them,
and he doesn't check the list twice. He's like, I'm
just going to buy the list when it comes up,
Like I want to know the mentality around that. But
(33:17):
same as Jess, Like what's your budget look like? And
what does your fun money allocated look like? And maybe
we're not even questioning the list, Like maybe we're sitting
down and being like, hey, like we're planning on doing
some spending in the future or around Black Friday, Like
what do we actually have budgeted for this? Like what
off the list can we afford to get or not?
(33:38):
As opposed to like breaking down his list in his
middle ground, only carefully curated for a specific purchase and
you know, you might come to the conclusion together. You
know what, you don't need a new TV. You already
have a TV and that one works really well. But
to him it might be a more of a priority
than you thought it was, So I don't think breaking
down the list first is maybe the wisest decision. Then
(34:00):
you're telling him kind of that his values aren't as
valid as what you think they are. And I wouldn't
want anyone to feel bad about their decisions around money,
especially sorry you're starting a list, you're checking it twice
a find out who's not or not exactly what we
got to exactly. And the other additional layer is maybe
you could open the conversation up about, hey, how do
we make the most of these sales? Christmas is coming up?
(34:24):
You know, it's my friend's birthday coming up, and I
know that it's like her thirtieth, so I know I'm
going to be buying a present. Should we be talking
about all of those things now, so that the sales
are not just you know, benefiting us and luxury items
that we want to buy, but also putting us in
a better financial position. Because I don't think a lot
of people and I have this year right there, Christmas
lists early enough to then go oh, I've picked up
(34:46):
Becks and Jesses and this and that during a sale,
because the closer you get to Christmas, the less sales
there are going to be. There's going to be a
whole heap of promotion. They're going to say that things
are discounted, but they're never as discounted as they are
during Black Friday or host Black Friday, just because they
know that you're more desperate for it and you're going
to pay for it. Yeah, you're not going to find
sales on Christmas Eve, baby cakes, that's not going to happen.
(35:08):
They know that you're now desperate buying yeah, and that
wasn't maybe a planned purchase, and they're going to make hey,
well the sun is shining basically. So we obviously also
asked the community because sorry, my favorite thing is your opinion.
Couldn't agree more. Oh I love reading through this and
being like, oh, that's spicy. So we first said what
would you do if you were our community member? This
(35:30):
was pretty split. Forty five percent of you said separate spending,
budget limits and the other forty five percent said compromised
with a shared agreed list seven percent of you said
leave him to spend however he wants, and two percent
said I'd push to skip Black Friday altogether. Okay, fine.
Next question I asked was what are your Black Friday vibes?
(35:54):
Thirty eight percent of you very she's on the money,
said I'm going to use it for Christmas gifts only gorgeous.
Thirty five percent of you said managed to stick to
my list and my budget. Seventeen percent of you said
I'm actually unsubscribing from everything Black Friday, and then ten
percent of you said get carried away and I am overspending. Yeah.
(36:14):
We then said, all right, what's your two cents on
this question? First person said, I put money away each
month for Black Friday sales. I do have a list
of essentials for myself, and I also have a plan
for my Christmas shop. Brilliant. Next person said, spending on
something you don't need because it's on sale is not saving.
It is still spending. I love that quote. That's one
of my favorite quotes because it you're true. I feel
(36:35):
like we say it in the office all the time
and people are like, oh my god, it was like
forty percent off, and we're like, was it or did
you play sixty percent true. Oh, if you were in
the office more often, Beck, I think you would be
horrified at the conversations we have. Like the other day,
I was talking to one of our team members who
really wants the new iPhone, and I was just like same, yeah.
(36:55):
I was like, you don't need it. She's like, yeah,
I do. Like it's got a better camera. And I
was like, you've got a camera. You do not need
another one camera. Yeah. No, sorry, I'm just no, no, no,
You've got a phone that works. And these things come
out every single twelve months, So another twelve months from now,
you're going to be wanting the iPhone eighteen? So do
you want that one? Like, let's just put it off, Like, well,
(37:15):
you've got something that works. Yeah. Oh yeah, we're savages
in the office. That's a great point. We're much kinder
to the community than we are to each other in
the office. Down. Yeah, we're like Jessica, put it down,
just step away from the next person said the over
consumption and american ness actually just gives me the ex
so I skip. Next person said, do you have a
(37:36):
shared goal that his spending is going to interfere with
or are you better? And I'll do two more. Next
person said, it's not a sale if they hike the
price for the month before, then bring it back down
for like Friday.
Speaker 4 (37:48):
That's always worth checking because some people do do that
some places.
Speaker 2 (37:52):
True. And then someone said, I will only ever order
something if it's like fifty percent off, not the silly
five to twenty percent. Impletely agree. Do you get that anytime? Yeah? Absolutely?
All right, Well That's where I'm going to leave it there.
But I do feel like I just need to have
a values conversation. What's a comeback to jess communication that's
been so wild for a wild all right, will have
(38:13):
a good rest of the day, guys, and we'll see
you bright and early on Monday morning for a money
Darry Bye, Bye, guys. Bye.
Speaker 6 (38:25):
The advice shared on She's on the Money is general
in nature and does not consider your individual circumstances.
Speaker 2 (38:31):
She's on the.
Speaker 6 (38:31):
Money exists purely for educational purposes and should not be
relied upon to make an investment or financial decision.
Speaker 2 (38:38):
If you do choose to buy a financial.
Speaker 6 (38:40):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 5 (38:44):
Advice tailored towards your needs.
Speaker 6 (38:46):
Victoria divine and she's on the money are authorized representatives
of money Shoper pty Ltd ABN three two one is
six four nine two seven seven zero eight AFSL four
five one two eight
Speaker 2 (38:59):
Nine Back had the
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