June 19, 2025 • 40 mins
It starts as a simple question: should I buy a house or invest in the share market? What begins as a classic money dilemma quickly unravels into a much bigger conversation... about pressure, identity, and whether the goals we’re chasing are even ours to begin with. Plus, we tackle a seriously juicy DM about uprooting your entire family for a “life-changing” job (that may only last a few years), whether commuting ruins your happiness, and why it might be time to outsource your vacuuming. Oh, and there’s also a heated musical theatre debate and some spicy ADHD brain revelations in there too.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
the Order Kerni Whaltbury and a waddery woman. And before
we get started on She's on the Money podcast, I
would like to acknowledge the traditional custodians of the land
of which this podcast is recorded on a wondery country,
acknowledging the elders, the ancestors and the next generation coming
(00:22):
through as this podcast is about connecting, empowering, knowledge sharing
and the storytelling of you to make a difference for
today and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money. She's on the Money.
Speaker 2 (00:57):
Hello, and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It's our
favorite day of the week because we get to get
our team together and then we celebrate you our incredible
She's on the Money community. Miss jessic Ricci as always
is here sharing our favorite money wins. Miss Becks say
Ed is sharing her broke tips, and we're going to
be helping to answer a money dilemma, which this week
(01:18):
is about whether you should buy a house or invest
and something that you slid into our dms about whether
it's worth uprooting your family for a job that might
be temporary. But before we get there, my love's mid June.
How are we a little bit of a weather check in?
I suppose sads.
Speaker 4 (01:35):
Are real trying to find anything exciting to look forward
to you. Actually, I have a question I need the
people to answer for me. Does anybody or is this
It's open to the room, but I don't think either
of you have done it, so I'm opening it to
the people of the listeners. Okay, we've recommended. I'm pretty
sure today ticks that app. I'm trying to find joy.
I really want to go see a musical, but musical's
very expensive, so I've been trying to do Jackson Michael Jackson.
Speaker 2 (01:57):
Michael Jackson's musical. No, Okay, I know I wouldn't have
Wait did that come from? She wants to see Wicked Girl.
Speaker 4 (02:02):
I want to see Beetle Juice, and I want to
see Hadestown at the two at the moment that I
really want to see. Okay, anyway, you can get like
really cheat tickets on this thing. They go on sale
at nine am every morning at nine am. I'm on
this app like I want this app from eight to
fifty five refreshing, like waiting for the button to turn
so you can like buy the tickets right and I
hit it the second my clock hits nine o'clock and
(02:24):
it says all the tickets are gone, and I just
need to know an idiot or it's like I don't
know if it's pre loading, so I don't know it.
Has anyone ever had any success with the app? Is
what I want to know, because I'm desperate for like
fifty five dollar tickets.
Speaker 5 (02:39):
But is it a EDT or whatever it is whatever in.
Speaker 4 (02:43):
E because it's like a countdown, which is quite good,
like I appreciate It's like everyone.
Speaker 2 (02:47):
I hate a countdown, unnecessary morning anxiety.
Speaker 4 (02:50):
That's actually a great point, but it's it's kind of like, well,
I know that I haven't missed it because I get
a notification at like quarter two. I think that says
all the tickets go on sale soon. And then like
you can't click the button till it like ticks over,
which I like, but in a second, but everybody else is.
Speaker 2 (03:04):
Clicking it faster than you.
Speaker 4 (03:06):
I feel like I have the fastest fingers in the West. Still,
I'm like bang, still God, do.
Speaker 2 (03:12):
You people are using like bots? Do you remember back
in the day people would talk about like eBay bots. Yeah,
that would like do the beadting at the very last minute,
and like that's how I used to lose Onmbardo jeans
and stuff back in two thou. Yes, I don't know.
Speaker 4 (03:27):
I just was very I was like, what am I
doing wrong? So if anyone's ever know what you're doing wrong?
Manage it? Please let me know if you to try
for you? Yeah, thank you, send us the link because
everyone on at nine am every morning, we're yeah, yeah, genuinely.
Speaker 2 (03:42):
Think so if any of you work for the PR
company that does Beetle juice, be just like slide into
our dms, because I have a sneaky suspicion just might
even work for free.
Speaker 5 (03:54):
What did you say, just has it locked into everything?
As just locked into everything? I said, No, I can
get you Bettle juice tickets.
Speaker 2 (04:02):
We're giving them away work. I didn't realize you wanted
I'll post, I'll tag I don't come with me.
Speaker 4 (04:14):
Should we go to be a fun team thing?
Speaker 2 (04:15):
I just can't imagine anything worse.
Speaker 5 (04:18):
I think people love it musical in general.
Speaker 2 (04:25):
I thought you meant hanging out with us outside.
Speaker 5 (04:29):
That's just obviously that too. But like musical, I don't
know what Beagle Juice is. I just like, but really
musical before.
Speaker 2 (04:39):
That's so nice. I've been to a musical.
Speaker 5 (04:41):
I just I just not I just want to know
what they're saying. But they're just singing the whole titles
the whole time.
Speaker 4 (04:47):
No, unless it's Hamilton, but most of the time it's
just like burths of song in between.
Speaker 2 (04:51):
The wh saw Hamilton together.
Speaker 4 (04:54):
You didn't love it.
Speaker 5 (04:54):
I hated it.
Speaker 2 (04:55):
I did not love it. I hated it. I hated Hamilton.
I'm so sorry. I understand that you don't care. There
are going to be a lot of people listening to
be very salty on me because it's like for a
lot of people the og like I know lots of
people because just and I like, we didn't just see
it in Melbourne, No, we saw it on the West End.
It was lovely because wow, we are fancy. And I
(05:17):
was posting I'm going to go see Hamilton, and people
were like dming me being like I've seen Hamilton five
times and I need to see it on the West End.
And I'm thinking why though, like, do you hate yourself.
Speaker 4 (05:27):
I reckon it's because we are not familiar with the
US history and because.
Speaker 5 (05:31):
Oh no, I got the history, why are we singing
about it? I think we will probably have the same
brain in that, like we can't really well, I don't
know about you, but I can't even absorb the information
when because it sounds like it's getting to a juicy part,
they're like, it's really juicy, and then someone starts singing
the rest and I'm like, feel it.
Speaker 2 (05:47):
Wow, I don't feel it.
Speaker 5 (05:48):
I'm just like, I'm really desperately trying to absorb what
they're saying.
Speaker 2 (05:52):
I think that's probably what it is.
Speaker 5 (05:53):
I'm like, at the very peak when I need this
next bit of juice, it is then it in a
way that is so I can't understand anymore.
Speaker 2 (06:03):
The process thinks so differently. That's I nearly fell asleep.
Speaker 4 (06:07):
Yeah she was not, Yeah it was.
Speaker 2 (06:11):
She got that sober intermission. I was trying to leave,
absolutely not.
Speaker 5 (06:16):
I'm putting this in my calendar really quick in case
I forget beetle Juice for Jess Ricky.
Speaker 2 (06:20):
The best thing. I can't believe you.
Speaker 4 (06:24):
We still don't know how to use the app because
I'm sure. I'm going to at some point try and
get other cheap tickets. So if anyone knows, let me know.
But thank you so.
Speaker 5 (06:31):
Much and send me the link and we will jump
on and I do that.
Speaker 4 (06:35):
How do we beat anyway I've just spoken about it's.
Speaker 2 (06:40):
So fun, it's cold.
Speaker 4 (06:42):
It's cold.
Speaker 5 (06:42):
It's called happy to be home because for those who remember,
I was in Brisbane for a little while and I'm
just such a homebody, you know, I don't want to
be anywhere else, so I'm happy to be home. It
is very cold, and I honestly don't think I have
a single interesting thing to bring to the table other
than I'm home.
Speaker 2 (06:59):
Neither.
Speaker 4 (07:04):
God, We're going to get so many hate comments this.
Speaker 5 (07:07):
Sorry, I'm a I.
Speaker 2 (07:08):
Balance them out.
Speaker 4 (07:09):
I'm a huge musical nerd. Don't hate us, please, yes.
Speaker 2 (07:12):
True, just don't hate with us. You know what we
love though five star reviews.
Speaker 5 (07:15):
Yes?
Speaker 2 (07:17):
Are you ready? So this is from Fionna. I found
Cheese on the Money in the second year of university
and it is safe to say it's completely changed my life.
I was spending impulsively and didn't know what I was
saving for. This podcast sparked my passion for budgets and investing.
I now have investments, know where all of my money goes,
have an emergency fund, understand finance jargon, and am setting
(07:39):
myself up for the future. I love the vibes of
the pod and the content is always empowering me to
keep working on my finances. Vd's transparency on ADHD also
started my journey to my ADHD diagnosis, which has also
changed my life.
Speaker 5 (07:53):
Cool.
Speaker 2 (07:53):
I will continue to listen for a long time to
keep learning and laughing.
Speaker 5 (07:58):
Gorgeous.
Speaker 2 (07:59):
That's a nice thing.
Speaker 5 (08:00):
You have to think.
Speaker 2 (08:00):
For so long I was like embarrassed to talk about
my ADHD. I feel like it's like a relatively trendy now,
which I'm not gonna lie as someone who got diagnosed
at like eighteen nineteen, I'm a bit like, oh, so
you're telling me I didn't need to get all of
my riddle and tablets, pop them out and put them
into a separate container so that when I had them
at university people couldn't tell what I was taking and
(08:22):
they thought I was just taking a panadoll. Because I
was genuinely like, if these girls at UNI see me
with riddling in my bag, they're going to think I'm crazy,
right right, it's good the times of change. You're on
rilin dexies. What do you take? How does it work? Oh?
If you talked to your psych about this, like totally,
it's so's change. I'm changed, sounds change, But we need
(08:43):
to talk about it because if it is something you
are struggling with, it is life changing and also so validating,
validating for sure. Yeah, I wouldn't be surprised that the
reason we don't like musicals has something to do with Yeah,
with that and Jess, it's just like they really like,
they really empower me. I just really enjoy sitting down
and steering at something for an hour and a half
(09:04):
for a five minute intermission, and then another hour and
a half of one consistent show.
Speaker 4 (09:08):
It's like my favorite thing in the world.
Speaker 2 (09:10):
Do you know what I hate about They're going back
to this musicals going to the theater. I went to
the theater the other day, Ballet, the same thing. Yes
you mean, what do you mean I'm not allowed to
play on my phone?
Speaker 5 (09:20):
Oh?
Speaker 4 (09:20):
Yes, what do you mean?
Speaker 2 (09:22):
I've just got to be locked into one thing and
it would be rude to get my phone out my
whole brain. So I went to a Melbourne Symphony orchestra.
What is it? Like a concept? The other day? Right,
it's just like a month ago with my best friend
Harriet and she was like so excited, but like my
brain during that period of time, I'm like thinking about
everything I've done wrong in life. I'm thinking about, Oh,
(09:44):
I wonder how many people are on the stage. I'm
counting how many people are on the stage. I'm thinking, Oh,
I wonder what sound that is or what instruments making that?
Trying to pinpoint the instruments on safe Looking at the conductor,
I'm wondering what type of degree the conductor had to
get you imagine your conducting. Yeah, I can definitely do that.
He doesn't look like he's doing much. And then I'm like,
do people watch him and read the music? Like my
(10:06):
brain is going a million miles an hour. I'm thinking
of what i can cook when I leave. I'm thinking
of what notifications might be on my phone, and then
Harriet's like, did you like that song? And I'm thinking
what song?
Speaker 5 (10:15):
Totally I know I'm thinking the same thing. I'm thinking
how long did it take to set up the stage?
And I'm having.
Speaker 2 (10:20):
These cold when I walk back to my car after
this because it's going to be quite late. Should have
parked closer?
Speaker 4 (10:26):
Like so differently. This is so interesting because like when
I watch something like that, I'm like, I'm like live music,
especially like if there's no story, I'm like picturing worlds
in my mind, like use me somewhere else.
Speaker 2 (10:40):
I'm thinking of what's in my fridge. I'm wonder if
those blueberries are soft yet. If they're soft, should I
freeze them for smoothies? Or should I just chuck them out? Oh,
chuck them out. I've chucked something else out one time.
One time I chucked a jumper out, like my brain
bloody loops. And then someone will interrupt my train of
thought and be like, what are you thinking about? Like, oh,
(11:00):
you interrupted my train of thought. And then I'm back
thinking and I'm like trains.
Speaker 5 (11:05):
Yes, yes, and then we are When people say what
do you think about, You're like, it's impossible to narror that.
It could have been three seconds of thought and twenty
million things you've visited.
Speaker 2 (11:15):
Ye Oh, the back of that head down sitting in
front of me really does look like my neighbor. I
wonder what can I imagine my neighbor coming to a
concert like this, like, yeah, my brain she doesn't stop.
Speaker 5 (11:28):
No, no, no.
Speaker 2 (11:29):
I'm not saying like you know when people say my
brain doesn't stop and you go, oh, that's so impressive.
It's not impressive, Jessica. It sounds exhausting. Yeah, it's humbling.
Like I'm not consistently thinking of new business ideas. I'm
not consistently thinking of things that could help the world. Like, hmm,
I don't know, does my neighbor have hairdlet looks like that?
I kid you not, And.
Speaker 4 (11:50):
You may never know because I'll dispear into the crowd and.
Speaker 2 (11:52):
You just have to wonder it did happen. I don't
know because he disappeared into a crowd. Jessica. Anyway, talk
to me, what if we got when it comes to
community money wins?
Speaker 4 (12:01):
Alrighty nothing musical themes, sadly but very on brand. I
have a money in from b who said she won
an NGV membership.
Speaker 2 (12:07):
Free er cool, boring. I love that for you.
Speaker 4 (12:10):
Yeah, doesn't love a music gallery either.
Speaker 5 (12:14):
I don't mind an art gallery, Yeah, I do like
an art gallery.
Speaker 2 (12:18):
Just took me to an art gallery when basically we
went to send me home. We went to MoMA in
New York doesn't live up to the heart.
Speaker 4 (12:33):
Zero out of ten would not recommend with me or book.
Speaker 2 (12:36):
Can we just can we just say that I wasn't
on my own in that you took two eighty HD
girlies and then expected them to not go up the wolves.
Speaker 4 (12:44):
I mean to be fair, I said, I'm so happy
to go by myself.
Speaker 2 (12:47):
We wanted to say that we went.
Speaker 5 (12:49):
Yeah, I see, Well, that's good to know that Jess
was really.
Speaker 2 (12:53):
Stressed knowing that you guys were not having fun. The
fingernails there real question. Don't ruin it for me?
Speaker 5 (12:59):
I would be I want to go and I do
want any spoilers.
Speaker 4 (13:02):
Sorry, I do feel you would love it.
Speaker 5 (13:04):
I feel like I would like I love a jar.
Speaker 2 (13:05):
Of fingernails, but a lot of places that you can
sit though. That's good.
Speaker 5 (13:09):
That's what we need.
Speaker 2 (13:10):
Next.
Speaker 4 (13:10):
I've got a money win from Madeline who said money win.
I've got my Opal card this morning. I got to
the Metro and they're signed everywhere that say free travel today.
Speaker 2 (13:18):
All the games are open.
Speaker 4 (13:19):
Thank you so much. Universe.
Speaker 2 (13:21):
Hey, that is cool, isn't it.
Speaker 4 (13:23):
When just a little thing, when the world aligns for you.
It's such a good feeling.
Speaker 2 (13:26):
Why is it free travel?
Speaker 4 (13:27):
That's great, really cool, I want to say to the
melbournecause obviously Opal is sid me.
Speaker 2 (13:32):
Anyway.
Speaker 4 (13:32):
Next, I've got a money win from Monique, who said
she got a ten dollar gift boucher from Yochi because
it was her birthday.
Speaker 2 (13:38):
We all love Yoshi.
Speaker 4 (13:39):
Your birthday's coming up, vd's if you dors.
Speaker 2 (13:41):
Is too, it is, we could time it to use
it within the same week. I reckon, Yeah, if you
don't have a Yochi account, everybody, we should do a
birthday we can see how much free stuff we can get.
Speaker 4 (13:49):
I had actually thought about that. I thought it would
be a very good TikTok to be like, yeah, how
many things, how many things?
Speaker 2 (13:55):
But also, have you ever gone to Yochi and only
spent ten dollars?
Speaker 4 (13:58):
Well, that's so true. But all of a sudden, my
fifteen dollar thing is only five and that's the money.
Speaker 2 (14:03):
That's a deal, good deal. You're basically making money exactly right.
Speaker 4 (14:07):
Next, I've got a money win from Lou said she
went into Just Jeans this week to try on a
denim dress, and the sales assistant advice that they could
price match the online prices. Online it was forty percent off,
so she managed just call that in store.
Speaker 2 (14:20):
That's so nice, so good.
Speaker 4 (14:21):
I do that sometimes when stuff I want is out
of stock, Like if there's an online sale that's really
good and the thing you wanted to sold out, but
it's not on sale instore, I'll just go in store
and say can you match the online price? And nine
times out of ten I say yes, genius, and then
you get the size that you wanted. And then last
of this week, I've got money in from wonder who
said money win. I've been doing so well with saving,
mostly due to cooking rather than buying takeaway, so I
(14:43):
decided to buy a convection slash microwave slash air fryer.
At checkout, I noticed the good guys had a compare
prices button, so I would already check competitors, you know myself.
I'd looked at the other websites. I wasn't expecting anything, however,
was pleasantly surprised when their button found a ten ten
dollars saving, which they then passed on to her.
Speaker 2 (15:02):
Hey nice, like I have so nice crazy.
Speaker 4 (15:08):
I thought that was very good, So well done to
the good guys.
Speaker 2 (15:10):
Well done for me, good wrap from you, miss Becks.
I said, let's quick fire your broke tips because we
yapped too much about Hamilton.
Speaker 5 (15:18):
Okay, okay, So this first one comes from Rachel, who
says that if you join Hoyts, it's fifteen dollars a year.
You can get ulimited refills, So if you go movies,
your refill. I know, it's not like the drink's portion
of the night. You wouldn't think about it. It's like,
I'm not going to be spending a motter on soft drink.
But it's just another little extra costs that you don't
have to worry about when you go, which I think
(15:38):
is great. And also I'm assuming with the Heutz membership
you get some other benefits as well, like cheap tickets
things like that. It comes after what I said a
few weeks ago about I think it was like uber
one or something the ticket. Yeah, really really cheap tickets,
free popcorn, all this kind of stuff. So that is fantastic.
And what they do is they just fill up an
empty vessel of any kind and then just keep getting
(15:59):
refills and then they go, you're soft rink for the week.
And the next one comes from Nat who says, this
is actually very very smart. You know how you get like,
you know your loyalty cards and you have free coffee.
If you use those specifically on public holidays or Sundays
and you're when there's like a surcharge, then you are
in a way saving a lot of money, because like
(16:20):
if you're using it on every other day of the week,
then it's just like coffee is expensive anyway, but a
public holiday surcharge on top of that, my god, So
make sure you use those, save those and use those
on public holidays unless you can't afford it on a day,
use it whatever the hell you want. So I think
that's so clever. My one is really really silly and dumb.
But I just saw my partner step with this video
(16:42):
and this girl who had this Tita sauce bottle. I'm
sure you guys probably have seen this, but it's like,
you know, when you have like tomato sauce or any
kind of sauce bottle, it's so unsatisfying when it's like.
Speaker 2 (16:52):
You're shaking it.
Speaker 5 (16:52):
You're doing that thing, were trying to get the rest
of it out, but it just will not come out,
and so you just go to chuck the whole thing out.
It's probably like two three, maybe four serving still left.
That's just coating the bottle and you're like, wow, I
can't get it out. I'm just going to check it out.
But instead, what you could do if you have limber shoulders,
good rotator center a fugal for yes, if you it's
(17:13):
gonna be hard to explain to people who are listening, but.
Speaker 2 (17:17):
Say you're gonna get your arms. You're gonna go full, go, go, gadget.
Speaker 5 (17:20):
Yeah, full three hundred and sixty. Hold the bottle at
the end like a bowler. Yeah, cuck a bowler.
Speaker 2 (17:28):
Don't stop, you don't stop.
Speaker 5 (17:29):
You hold it down and you're like going to an
example of.
Speaker 2 (17:34):
This, can jump up and get it. Give you a
good example. It's very satisfying. You kind of like just
like pulling around the.
Speaker 5 (17:43):
Bottles and it's like it's like, I don't know how
good it is for your rotated cuffs is what I'm
worried about.
Speaker 2 (17:49):
Whenever free sauce. Yeah, and I guess you.
Speaker 5 (17:51):
Have to do that when you're like exercising, you have
to like do that well with you. I can't explain it,
but I hope you guys understand.
Speaker 2 (17:59):
You're not just putting a little bit of water in there,
shaking it up and then you storing it upside down. Okay, genius, Yes,
yes you do can do that too.
Speaker 5 (18:10):
But but sometimes they're in that like glass but you
know a sweet and sour sauce where it's like that
glass bottle with that top that is like.
Speaker 2 (18:17):
I know what you're talking. You know, it's like and
then I opened it.
Speaker 5 (18:21):
It's going everywhere, going everywhere, and also it's coming out
as it's sat there just doing nothing because it's just
like it's not very what's the word thinking of, it's
not like sealing it properly?
Speaker 2 (18:31):
Yes, yes, perfect.
Speaker 5 (18:33):
So cent.
Speaker 4 (18:37):
We're going to.
Speaker 2 (18:40):
Centrifugal force said.
Speaker 5 (18:41):
I will not give you any context.
Speaker 2 (18:44):
That's me. I love that. All right, Well let's go
to a really quick break on the flip side. We're
going to be answering a money dilemma, which this week
is about whether you should buy a house or start investing.
And then something that you slid into our d ms
about whether it's worth uprooting your family for a job
that might actually just be temporary. So guys, don't go anywhere.
(19:05):
Welcome back, everybody.
Speaker 4 (19:06):
Let's take a listen to this week's moneys dilemma.
Speaker 2 (19:10):
Hi, there, have you got a money dilemma you just
can't solve That 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 6 (19:34):
Hi, She's on the Money. I had a quick question
I wanted to ask you. So I'm weighing up where
I should be trying to buy a house for where
RA should be trying to invest my money. So, for
a bit of context, I'm twenty three years old, and
I've just graduated from university, and I'm currently in my
first full time job. And while I was at Uni,
I was able to say about twenty thousand dollars, keeping
(19:54):
in mind that I am planning and putting some aside
as an emergency fund, So this would give me about
ten to fift grand left to play with. So obviously
that's not quite enough to buy a house right now,
and with my like a work history, but I'm wondering,
whoever I've be in the next one to two years
of full time work, I could probably say enough to
buy something. However, I am also wondering if investing would
(20:16):
be a smarter option, given that it's a bit more flexible.
It might give me a bit more room to you know,
move within my career and do different things. The other
information I think is important is that I'm hoping to
pursue a PhD in the next few years, so I'm
wondering if I should be focusing on buying a house
before I do that, to kind of get my foot
(20:36):
in the door before I stop having full time income.
So I'm also single for a bit of context, So
I'm making plans kind of around this at the moment,
and I would love your thoughts and insights.
Speaker 2 (20:48):
Thank you so much, can or lost us? Yeah, what
would you guys do?
Speaker 1 (20:53):
Well?
Speaker 5 (20:54):
I was just gonna say, like, there's a few thoughts
I have as all. I feel like, if you're ready
to do a PhD and you won't have like a
full time income or like stable income, then maybe like
buying house, it's not a good time for that. But
my main question is do you want to buy a
house or is it like this is you should buy? Yeah,
like this is what society says I should do by
this aid blah blah blah, Like do you actually want
to buy a house, because if you do, then like
(21:15):
then I think Victoria would say, don't invest, it's too risky.
Put it in a high interest savings you haven't or
a term deposit, which is where you lot your money in.
Speaker 2 (21:25):
You don't need me if you.
Speaker 5 (21:26):
Can, actually you know what you could If you could
leave the whole studio, that would be nice because I
can take it from here.
Speaker 2 (21:31):
But as long as you continue the Hamilton hate strong,
you hold that side of the fort up and I
don't need to know.
Speaker 5 (21:42):
And if we're remembered for nothing else, it's that we
we didn't like.
Speaker 2 (21:46):
But I never liked Hamilton.
Speaker 5 (21:48):
Term deposit for anyone who needs context that it's just
like a savings account when you like lock in your
money for a specific amount of interest for a specific
amount of time, Like you can't touch it. I mean
you can, than there's fees, I think anyway. Anyway, So
like term deposit is an option if you don't trust
yourself to have all this money in a savings account,
and you're like, I can't just have it sitting there
(22:09):
because I'm going to be spending it all, So lock
it in somewhere where you can still access as it's
it's really low risk. And then when you feel ready
and you've saved a little bit more, then start.
Speaker 2 (22:20):
Looking for to buy a house.
Speaker 5 (22:21):
But if you don't actually want to buy a house,
and you're like, this is money that I'm happy to
put in shares forever, then do that. I would say, well,
you can do.
Speaker 2 (22:34):
Like half half whatever. That's me.
Speaker 4 (22:37):
Yeah, I feel like it's I mean, I personally would
probably invest. Like I look back and I wish that
I had had the literacy that you have now when
I was twenty three. Well done on your savings, Well
done on thinking so far ahead, getting in front of
the ball. That's absolutely incredible for it.
Speaker 2 (22:52):
Totally.
Speaker 4 (22:52):
I wish that I had had that knowledge and that
forethought when I was your age. I would say, there's
a lot of thing touched on. We've done a whole
episode actually called should I Buy a house or Should
I invest? I'm pretty sure I would just go listen
to that episode. We maybe we'll link in the show
notes but I think there's a lot of reflection to
be done on what are your goals? You know, I
think having your money in the share market, particularly taking
(23:13):
on that PhD, might give you a bit of flexibility.
I know that a PhD is already such a significant undertaking,
it's really stressful having mortgage repayments on top of that. Yeah,
that's where I was mighty a lot. Yeah, but there's
a lot to consider. So I would just say go
listen to that episode, because that's the reason we made it.
I feel like there's something a lot of people think about.
Speaker 2 (23:29):
Yeah, I think it's a cliff notes well, one hundred percent.
I think rock in a hard place because I think backtracking.
If you have money in an account and it is
not making you money, you need to do something right now.
So whether that is investing, or whether that is putting
it in a you know, high interest savings account or
a term deposit, like we do not in this house.
(23:50):
We do not have money that does not make us money,
full stop, end of story. If you've got savings and
they're not working for you, you're doing something wrong in
saying that. Yes, it is a real big goal to
purchase a house. It is a really big overhead here
in Australia. If you do a PhD. It usually takes
anywhere between three and five years to complete a PhD.
And from my research, a PhD like you get paid
(24:14):
a stipend to do your PhD, and that is paid
to you because they assume that you're working so hard
that you can't maintain any other type of employment during
this research period. That amount of money, which is tax
free is anywhere between thirty three thousand and thirty seven
thousand dollars. That is not a lot of money. And
you're telling me, oh, I want to get a mortgage
(24:35):
in this economy and pay it off with that inc
I feel like you might be setting yourself up for
some serious, significant financial pressure. And when you're doing a PhD,
I'm assuming that's the last thing you want. It doesn't
mean you can't invest for you know, the next five
ten years and then buy a house later down the track.
I know that there seems to be a lot of
(24:55):
pressure on especially young people at the moment, to get
into the market as soon as possible, But the right
time for you to get into the market is actually
when it works for you, not when the market is
quote good because nobody can time the market. So yes, Jess,
great suggestion, go listen to that episode. But then also,
how do we make decisions if we're like, oh, I
(25:17):
don't know what I want. I need you to like
zoom out and look at your lifestyle, your goals, what
do you actually want to achieve? What's the purpose of
purchasing this house? Because you might go, well, be I
want to purchase this house while I have a full
time income and I'm you know, slaying it financially. I
then want to rent it out for that period of
time because I've already worked out what the rental yield
on that property would be. You might already have all
(25:37):
your numbers and go, well, v actually, that rental yield
would cover my mortgage repayments, and I'd go rent in
a sharehouse and keep my living costs really low while
doing a PhD so that I'm not financially stressed. Different story.
So I don't know your situation well enough to be
able to advise on that. And the only person, unfortunately,
that can answer the question of should I buy a
(25:58):
house or should I invest is you? And the only
way that you're going to be able to answer that
question is to deeply understand your values, your priority is
what you want to achieve, But then take the pressure
off timing, Like we don't need to time the market.
It's like people saying when should I invest? Is it
a good time now? Honestly, anytime is a good time.
Just get in. When it comes to purchasing a house, though,
(26:18):
different story, because is any time a good time? Well no,
if you're going to be financially hamstrung or really stressed,
or you're like making that situation that puts you behind,
is paying off your mortgage during that period of time
going to mean that you can't put food on the table.
That's a completely different conversation. So I think that there's
a lot let's just go back to recommending those podcast episodes, yes,
(26:41):
and we'll make sure that they're in the show notes
for you so you can just click them and go.
But for me, it would be about sorry, understanding your values,
what you want to achieve and what life looks like,
or being really realistic about what doing a PhD is
going to look like.
Speaker 5 (26:55):
There you go, we got a juicy dst we do.
Speaker 2 (26:58):
I'm glad you asked. I thought you'd never ask Jessica,
it's about Hamilton. So this week's DM. Hey, she's on
the money. I'm really torn and need your help working
through a bigger family career change. My partner's just been
offered an incredible job opportunity that's life changing, but it's
in a big town over an hour away from where
we currently live in the city. We have two kids.
(27:21):
I work full time, and if we stay here, I
take on a lot more of the load to cover
the commute, and I would have to do the big
commute one day week. The job would likely only be
for a couple of years, so I'm not sure if
we should move to that town. It would mean moving
away from family support and our kids having to change
school My husband wants to stay, but I think the
(27:42):
move makes more sense. I never really changed schools as
a kid. Is it really that bad? What would you guys?
Do you go? You guys? Is it just me like
jess you drive over an hour to work? But my
first thought when and I know you're not, oh, I
need to move to Richmond. No, And I know that I'm.
Speaker 4 (28:02):
Like, I guess a bit of the anomaly in actually No.
One of the other girls in the team is quite
close to me, an hour to work is like.
Speaker 2 (28:09):
A bare minimum of me and my dad did that
for when I was growing up. Yeah, I grew up
in the suburbs like that.
Speaker 4 (28:15):
An hour commute to me is honestly nothing like to me,
that's just an hour. Oh that's quez Yeah, literally, I
had a good run to be forty five minutes dream
so to me when you said it's an hour away,
But I don't want to disregard the fact that you
said that that would mean you taking on a lot
of the additional mental load. I feel like maybe that's
where it's coming from. Because the commute itself an hour
(28:36):
from someone who makes it, it's neither here nor there.
Speaker 2 (28:39):
You just build it. And I'm not saying that it's
super fun, but you do just build it into your day, definitely, And.
Speaker 4 (28:45):
I understand that that means perhaps that's two hours a
day less help that you would get from your partner.
Speaker 2 (28:50):
But hopefully the finances make up for it, right, because
otherwise it's not a good decision to take that job.
Speaker 4 (28:56):
Yeah, I think that if I was you, I would
be weighing up the pros and cons, Like, I know,
it sounds really silly. Have you done a pros and cons.
This obviously a con is you would be taking on
more work, But what does that work look like specifically,
because typically, in my mind that would mean in the morning,
you're probably doing school drop off by yourself, lunch boxes,
all that sort of stuff, and in the evening you're
doing dinner prep, maybe bathtime depending on the kid's age,
(29:19):
that sort of stuff by yourself. A lot of people
do within their partnership do that because it's I think
like that kind of community is actually quite common. Like,
a lot of people have to travel at your work.
Speaker 2 (29:29):
Is it. There's going to be so many people listening
to this going. I'm listening to the Shoes on the
Money podcast because I'm always in the car for an hour.
Speaker 4 (29:35):
Yeah, yeah, genuinely, Like, is the whatever the work looks like?
I'm basing that on, Like, you know, a lot of assumptions.
Whatever you're believing you'll take on, is it manageable for you?
And if it is manageable for you, are there things
that you can pass off to your partner, you know,
when they're home on the weekend, they pick up some
more of the housework so that you're not doing that,
you know, Yeah, can you get a robot vacuum, so
(29:56):
you don't vacuum in the evenings because now you've got
a bit more cash, Like, are there things you can
do kind of counterbalance it, because I mean, I personally
wouldn't move for something that's only an hour away.
Speaker 2 (30:06):
That seems how I feel like you're uprooting your house.
I'm thinking about property.
Speaker 4 (30:09):
You said you're moving away from your family support, which
I think is probably.
Speaker 5 (30:12):
Important with you, very important.
Speaker 4 (30:14):
I never moved to school, so I can't really comment
on that. But did you move schools? Have you said
that I did move? I feel you're talking about I
did move schools.
Speaker 5 (30:21):
We did move a fair bit. I moved schools and
then moved back to the.
Speaker 2 (30:25):
Same Stuah moving schools.
Speaker 5 (30:26):
I think it depends what age you are.
Speaker 2 (30:28):
I have schools three times.
Speaker 5 (30:30):
I don't know, crazy, Hey, it depends on so many things,
like if your friends, if your children have so many
friends and like they really like their classes, they really
like the teachers, they have a really good community there,
then it's like, oh, yeah, don't do that, sir. But
then I mean unless if you can avoid it. But
if you can't avoid it, then they'll be fine. Like
it's actually I'm sure it does help with their resilience
and like social skills and learning to connect with different
(30:52):
walks of life and like different people, different brains, different
all these things, you know what I mean. So it
is beneficial in some way. But yeah, if you can
avoid it, cool. If not cool, if it's like really
really hard to get there, like cause an hour in
a car, cool, an hour anywhere in a car, fine,
an hour to I don't know, it's not an hour
to Beller, right, but say it is. It's like, god,
(31:12):
that's like probably twenty buses, you know what I mean, Like,
what does the commute look like? Maybe that is actually
really war tricky, which is so fair. But I'm also thinking,
like the commute currently, if it took me an hour
to get here, that's only twenty six more minutes than usual,
you know what I mean, And it's like, god, an hour.
(31:32):
That's no, I'm not going to do that, but it's
like only a little bit more than what I'm doing
right now, So it's like just add that much time?
Or is it like to feel really really crazy because
hearing it or seeing it in that way is like
it feels like too much to bear but like I
think if it worked.
Speaker 4 (31:49):
Locally and works fifteen minutes away.
Speaker 5 (31:51):
And yeah, it's like an extra forty five minutes, but
it's like you think of it as an hour and
you're like, my god, that's crazy.
Speaker 2 (31:57):
So maybe like frame it that way.
Speaker 5 (31:58):
I don't know, but I yeah, I would also say
like if it is temporary or potentially.
Speaker 2 (32:07):
Just like whatever, nothing's permanent talking about this, I just
feel like, you know, you wrote in you said it
was a life changing job opportunity, right, so I'm assuming
that that means significant financial remuneration and can like in
comparison to what you currently have, and you know, if
it's only going to be short lived, like, can we
(32:28):
not have the mindset of yet it's going to be hard.
Like I'm not trying to make this sound easier, but
like for the next few years, we get a lock in,
we are going to do this.
Speaker 1 (32:37):
You know.
Speaker 2 (32:37):
My compromise is that I'm going to have to spend
more time at home because my husband's going to go
out make big bank. But we've got this cash flow
plan that means that in the three years that he's
going to you know, have this job, we are going
to be in such a better financial situation that we're
on the same page about it being worth it, And
like Jess you said before, like you know, if you
have a bit more free money, you could buy like
(32:58):
a robot vacuum. In my I was like, okay, cool,
Let's say that my husband gets this job opportunity of
a lifetime, which is what you're saying it is, and
he's going to earn double what he's currently earning. I
don't think it would be beyond the scope of what's
reasonable to go. Okay, cool, Yeah, we are maybe financially
a little bit pressed, but let's spend one hundred and
(33:19):
fifty bucks a week on a cleaner that comes in
every week, maybe every Friday, so that you're not spending
any time on the weekend's cleaning. Like, yes, you might
do the day to day stuff, but like someone comes
in and I'm trying to sell you on this, they
do your bathrooms, They you know, change the sheets of
the kids' beds, they change your bed they do the
whole hog. Right, Maybe you find someone who's a bit
(33:42):
cheap because they take cash, Like I just find what
works for you. But that might be an investment in
your mental health, so you don't have to do any
of that. Then when the weekend comes and your husband
is home, you're spending really good quality family time together.
But you're not trying to find time during the week
either to do the sheets and we'll in it and
like maybe you're like, oh my goodness, the bathroom some
intouched in weeks and that can genuinely wake quite heavily
(34:04):
on you mentally. So I feel like, what compromises could
you be making? And this again is probably me talking.
You've got more cash flow, you're financially a little bit
more comfortable instead of having to do the grocery shopping
every single week. Are we looking at a food delivery
service like Marley's Boon where you can have dinner four
nights a week. It's in the fridge, it's ready to cook.
(34:25):
So you just do school, pick up, come home and
start prepping dinner. There's no lack that overwhelming Oh my goodness,
I don't know what I'm going to cook for dinner.
I have to go to the super market. That like
mad rush, Like you're running around like a chicken without
a head after school, Like what can we do to
set ourselves up for success? Because I'm kind of I'm
on the same team. I just think that if it's
an hour away, we don't need to uproot our whole lives,
(34:48):
especially if your family is there. We're not moving away
from them. But what things could we spend a bit
of money on so that it feels really comfortable during
that period of time. Or are we just trying to
change our mindset so that we're like, all right, we're
locking in for three years. It's going to be a
bit of a hard hog, but like, look how much
better off we're going to be. And everyone's just on
the same page. Yeah, Like what does that look like?
(35:10):
Did everyone else say when we ask? Oh my goodness,
so many opinions. So first thing we asked is if
you were our community member, would you say or move?
Fifty three percent of you said move. It's more sustainable. Surprising,
I mean sustainability. I guess it's good.
Speaker 4 (35:23):
But they can hatch the train if that's an option,
potentially public trainsport.
Speaker 5 (35:27):
And then you can do two things at once. If
you are like I'm to your more of the mental load. Know,
if your partner is seeing the train every day, they
do all the adamint on the train.
Speaker 2 (35:35):
A friend who lives in Ballarat and commutes to the
city every day and has negotiated in their contract that
they actually get a nine a m train because there's
less like people on there because it's like a V line,
which is more of a regional train, so you're guaranteed
a spot. Basically, they work for the hour on the
train on the way there, and they've negotiated with their
boss that that's in their working time, So they leave
(35:56):
at four pm and they arrive technically at the office
at ten am, but they've already done like the two hours,
so their commute time is Actually, that's great genius, right,
that's great.
Speaker 5 (36:06):
I think I should be.
Speaker 2 (36:07):
Regional trains have Wi Fi and stuff, so they're fine.
But like, isn't that smart? So yeah, forty seven percent
of you said you'd stay and not uproot the kids.
I feel like we're all like, just stay. I was
surprised with that split. I thought way more of you
would say, like, stay, but that's okay. Have you or
your kids ever had to move school because of a
parent's job. Forty six percent said no, we never had
(36:28):
to consider it. Thirty percent said yep, and it was fine.
Thirteen percent said no, but a parent did the commute
and eleven percent said yes, and it was a struggle. Okay,
interesting spread. I moved schools three times. Strug did you
find it? I think because it was relatively early primary school,
it wasn't as dramatic as it would have been if
it was high school. I think in high school I
(36:49):
would have been very upset to lose my friends. But
when I was little, like making friends when you're like
six seven eight is not as hard as teenagers. Yeah,
And I mean we were moving stay so first we
were like in Lancestern, and then we moved to a
place called Sister's Beach in Tasmania. And then from Sister's
Beach we moved over to Melbourne and then you know,
found a primary school there. But I do remember my
(37:12):
friends from each location, but I don't remember it being
super traumatic. I think my parents worked really hard to
make it as easy as possible, like as exciting as possible. Yeah,
I I don't remember being like, oh my god, like
this is the worst decision ever. I do remember not
wanting to leave the school because I had my little friends,
but like mom was like, oh, we'll come back to Tasmania,
(37:32):
We'll do this or you can keep in touch. And
I mean my best friend Harriet lived in Tasmania all
through school. Still best friends. Yeah, like that hasn't really changed.
Speaker 4 (37:41):
Yeah.
Speaker 2 (37:42):
We then went to the community and we said what
is your two cents? So first person said, smaller towns
often have a stronger community, for example, like sports to
keep kids connected. Next person said, my dad was constantly away,
but we never had to move. In retrospect, my mum
probably had the hardest time.
Speaker 5 (37:59):
Yeah.
Speaker 2 (38:00):
Next person said, moving a kid in primary schools much
easier on them than high school, which is exactly what
I said. I moved schools a few times. It was
absolutely fine, And unhappy marriage and unhappy parents is definitely
worse than moving schools.
Speaker 4 (38:14):
I mean, that's a good point. It's a good pointing
to weigh heavily on you. Then that's something you've got
to consider to Yeah.
Speaker 2 (38:19):
Someone else said, we did it, and we're currently doing it.
It turned out to be a better lifestyle for us,
and we ended up staying. Next person said, teacher here
a fresh start does wonders for kids. They learn to
build relationships over time. Yes, so you were saying, Another
person said, and I'm only going to give you a
couple more. The commute has one of the biggest effects
on overall happiness, which I think is why you know, Beck,
(38:40):
you were saying before, like what could you do during
that time, Like if they'd a way that you could
make that commute not so old destroying. Someone else said
this was me and I actually ended up asking to
change schools over having to commute. And then the last
person said, I'm a former army brat. Kids are very
resilient and we'll make new friends and settle into a
new school easily.
Speaker 5 (39:00):
There you go, really change, I've really gone one eighty.
Speaker 2 (39:03):
I'm like, you can.
Speaker 5 (39:04):
They should move because yeah, because it's like if you're
an hour away from your family, that's not too far.
Speaker 2 (39:11):
Family support. Like and I'm just like making this up
in my head at this point, but like if you're saying, oh,
we don't want to be far away from family support,
like there's nothing like being able to pick up a
phone and be like, hey, Mom, I'm struggling with the kids.
Can you come over and help after school? Like that's
not as possible if you're asking your mum or whatever
to drive an hour for that. So yeah, I don't
I feel like you just have to do what Jess said.
(39:32):
Have you done a pros and cons? Lest We love
a pros and cons? We absolutely do. All right. Well,
unfortunately that is all we have time for today. That
is all from us, and we hope you have a
beautiful weekend and we'll see right nearly on Monday. For
a money dary. OHI, guys, say, did buy shared on?
Speaker 5 (39:52):
She's on the Money is general in nature and does
not consider your individual circumstances.
Speaker 2 (39:57):
She's on the Money exists purely for.
Speaker 5 (39:59):
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 Divine and
Sheese on the Money are authorized representatives of Money Sherper
Pty lt D A b N three two one IS
(40:20):
six four nine two seven seven zero eight AFSL four
five one two eight nine
Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
the Order Kerni Whaltbury and a waddery woman. And before
we get started on She's on the Money podcast, I
would like to acknowledge the traditional custodians of the land
of which this podcast is recorded on a wondery country,
acknowledging the elders, the ancestors and the next generation coming
(00:22):
through as this podcast is about connecting, empowering, knowledge sharing
and the storytelling of you to make a difference for
today and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money. She's on the Money.
Speaker 2 (00:57):
Hello, and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It's our
favorite day of the week because we get to get
our team together and then we celebrate you our incredible
She's on the Money community. Miss jessic Ricci as always
is here sharing our favorite money wins. Miss Becks say
Ed is sharing her broke tips, and we're going to
be helping to answer a money dilemma, which this week
(01:18):
is about whether you should buy a house or invest
and something that you slid into our dms about whether
it's worth uprooting your family for a job that might
be temporary. But before we get there, my love's mid June.
How are we a little bit of a weather check in?
I suppose sads.
Speaker 4 (01:35):
Are real trying to find anything exciting to look forward
to you. Actually, I have a question I need the
people to answer for me. Does anybody or is this
It's open to the room, but I don't think either
of you have done it, so I'm opening it to
the people of the listeners. Okay, we've recommended. I'm pretty
sure today ticks that app. I'm trying to find joy.
I really want to go see a musical, but musical's
very expensive, so I've been trying to do Jackson Michael Jackson.
Speaker 2 (01:57):
Michael Jackson's musical. No, Okay, I know I wouldn't have
Wait did that come from? She wants to see Wicked Girl.
Speaker 4 (02:02):
I want to see Beetle Juice, and I want to
see Hadestown at the two at the moment that I
really want to see. Okay, anyway, you can get like
really cheat tickets on this thing. They go on sale
at nine am every morning at nine am. I'm on
this app like I want this app from eight to
fifty five refreshing, like waiting for the button to turn
so you can like buy the tickets right and I
hit it the second my clock hits nine o'clock and
(02:24):
it says all the tickets are gone, and I just
need to know an idiot or it's like I don't
know if it's pre loading, so I don't know it.
Has anyone ever had any success with the app? Is
what I want to know, because I'm desperate for like
fifty five dollar tickets.
Speaker 5 (02:39):
But is it a EDT or whatever it is whatever in.
Speaker 4 (02:43):
E because it's like a countdown, which is quite good,
like I appreciate It's like everyone.
Speaker 2 (02:47):
I hate a countdown, unnecessary morning anxiety.
Speaker 4 (02:50):
That's actually a great point, but it's it's kind of like, well,
I know that I haven't missed it because I get
a notification at like quarter two. I think that says
all the tickets go on sale soon. And then like
you can't click the button till it like ticks over,
which I like, but in a second, but everybody else is.
Speaker 2 (03:04):
Clicking it faster than you.
Speaker 4 (03:06):
I feel like I have the fastest fingers in the West. Still,
I'm like bang, still God, do.
Speaker 2 (03:12):
You people are using like bots? Do you remember back
in the day people would talk about like eBay bots. Yeah,
that would like do the beadting at the very last minute,
and like that's how I used to lose Onmbardo jeans
and stuff back in two thou. Yes, I don't know.
Speaker 4 (03:27):
I just was very I was like, what am I
doing wrong? So if anyone's ever know what you're doing wrong?
Manage it? Please let me know if you to try
for you? Yeah, thank you, send us the link because
everyone on at nine am every morning, we're yeah, yeah, genuinely.
Speaker 2 (03:42):
Think so if any of you work for the PR
company that does Beetle juice, be just like slide into
our dms, because I have a sneaky suspicion just might
even work for free.
Speaker 5 (03:54):
What did you say, just has it locked into everything?
As just locked into everything? I said, No, I can
get you Bettle juice tickets.
Speaker 2 (04:02):
We're giving them away work. I didn't realize you wanted
I'll post, I'll tag I don't come with me.
Speaker 4 (04:14):
Should we go to be a fun team thing?
Speaker 2 (04:15):
I just can't imagine anything worse.
Speaker 5 (04:18):
I think people love it musical in general.
Speaker 2 (04:25):
I thought you meant hanging out with us outside.
Speaker 5 (04:29):
That's just obviously that too. But like musical, I don't
know what Beagle Juice is. I just like, but really
musical before.
Speaker 2 (04:39):
That's so nice. I've been to a musical.
Speaker 5 (04:41):
I just I just not I just want to know
what they're saying. But they're just singing the whole titles
the whole time.
Speaker 4 (04:47):
No, unless it's Hamilton, but most of the time it's
just like burths of song in between.
Speaker 2 (04:51):
The wh saw Hamilton together.
Speaker 4 (04:54):
You didn't love it.
Speaker 5 (04:54):
I hated it.
Speaker 2 (04:55):
I did not love it. I hated it. I hated Hamilton.
I'm so sorry. I understand that you don't care. There
are going to be a lot of people listening to
be very salty on me because it's like for a
lot of people the og like I know lots of
people because just and I like, we didn't just see
it in Melbourne, No, we saw it on the West End.
It was lovely because wow, we are fancy. And I
(05:17):
was posting I'm going to go see Hamilton, and people
were like dming me being like I've seen Hamilton five
times and I need to see it on the West End.
And I'm thinking why though, like, do you hate yourself.
Speaker 4 (05:27):
I reckon it's because we are not familiar with the
US history and because.
Speaker 5 (05:31):
Oh no, I got the history, why are we singing
about it? I think we will probably have the same
brain in that, like we can't really well, I don't
know about you, but I can't even absorb the information
when because it sounds like it's getting to a juicy part,
they're like, it's really juicy, and then someone starts singing
the rest and I'm like, feel it.
Speaker 2 (05:47):
Wow, I don't feel it.
Speaker 5 (05:48):
I'm just like, I'm really desperately trying to absorb what
they're saying.
Speaker 2 (05:52):
I think that's probably what it is.
Speaker 5 (05:53):
I'm like, at the very peak when I need this
next bit of juice, it is then it in a
way that is so I can't understand anymore.
Speaker 2 (06:03):
The process thinks so differently. That's I nearly fell asleep.
Speaker 4 (06:07):
Yeah she was not, Yeah it was.
Speaker 2 (06:11):
She got that sober intermission. I was trying to leave,
absolutely not.
Speaker 5 (06:16):
I'm putting this in my calendar really quick in case
I forget beetle Juice for Jess Ricky.
Speaker 2 (06:20):
The best thing. I can't believe you.
Speaker 4 (06:24):
We still don't know how to use the app because
I'm sure. I'm going to at some point try and
get other cheap tickets. So if anyone knows, let me know.
But thank you so.
Speaker 5 (06:31):
Much and send me the link and we will jump
on and I do that.
Speaker 4 (06:35):
How do we beat anyway I've just spoken about it's.
Speaker 2 (06:40):
So fun, it's cold.
Speaker 4 (06:42):
It's cold.
Speaker 5 (06:42):
It's called happy to be home because for those who remember,
I was in Brisbane for a little while and I'm
just such a homebody, you know, I don't want to
be anywhere else, so I'm happy to be home. It
is very cold, and I honestly don't think I have
a single interesting thing to bring to the table other
than I'm home.
Speaker 2 (06:59):
Neither.
Speaker 4 (07:04):
God, We're going to get so many hate comments this.
Speaker 5 (07:07):
Sorry, I'm a I.
Speaker 2 (07:08):
Balance them out.
Speaker 4 (07:09):
I'm a huge musical nerd. Don't hate us, please, yes.
Speaker 2 (07:12):
True, just don't hate with us. You know what we
love though five star reviews.
Speaker 5 (07:15):
Yes?
Speaker 2 (07:17):
Are you ready? So this is from Fionna. I found
Cheese on the Money in the second year of university
and it is safe to say it's completely changed my life.
I was spending impulsively and didn't know what I was
saving for. This podcast sparked my passion for budgets and investing.
I now have investments, know where all of my money goes,
have an emergency fund, understand finance jargon, and am setting
(07:39):
myself up for the future. I love the vibes of
the pod and the content is always empowering me to
keep working on my finances. Vd's transparency on ADHD also
started my journey to my ADHD diagnosis, which has also
changed my life.
Speaker 5 (07:53):
Cool.
Speaker 2 (07:53):
I will continue to listen for a long time to
keep learning and laughing.
Speaker 5 (07:58):
Gorgeous.
Speaker 2 (07:59):
That's a nice thing.
Speaker 5 (08:00):
You have to think.
Speaker 2 (08:00):
For so long I was like embarrassed to talk about
my ADHD. I feel like it's like a relatively trendy now,
which I'm not gonna lie as someone who got diagnosed
at like eighteen nineteen, I'm a bit like, oh, so
you're telling me I didn't need to get all of
my riddle and tablets, pop them out and put them
into a separate container so that when I had them
at university people couldn't tell what I was taking and
(08:22):
they thought I was just taking a panadoll. Because I
was genuinely like, if these girls at UNI see me
with riddling in my bag, they're going to think I'm crazy,
right right, it's good the times of change. You're on
rilin dexies. What do you take? How does it work? Oh?
If you talked to your psych about this, like totally,
it's so's change. I'm changed, sounds change, But we need
(08:43):
to talk about it because if it is something you
are struggling with, it is life changing and also so validating,
validating for sure. Yeah, I wouldn't be surprised that the
reason we don't like musicals has something to do with Yeah,
with that and Jess, it's just like they really like,
they really empower me. I just really enjoy sitting down
and steering at something for an hour and a half
(09:04):
for a five minute intermission, and then another hour and
a half of one consistent show.
Speaker 4 (09:08):
It's like my favorite thing in the world.
Speaker 2 (09:10):
Do you know what I hate about They're going back
to this musicals going to the theater. I went to
the theater the other day, Ballet, the same thing. Yes
you mean, what do you mean I'm not allowed to
play on my phone?
Speaker 5 (09:20):
Oh?
Speaker 4 (09:20):
Yes, what do you mean?
Speaker 2 (09:22):
I've just got to be locked into one thing and
it would be rude to get my phone out my
whole brain. So I went to a Melbourne Symphony orchestra.
What is it? Like a concept? The other day? Right,
it's just like a month ago with my best friend
Harriet and she was like so excited, but like my
brain during that period of time, I'm like thinking about
everything I've done wrong in life. I'm thinking about, Oh,
(09:44):
I wonder how many people are on the stage. I'm
counting how many people are on the stage. I'm thinking, Oh,
I wonder what sound that is or what instruments making that?
Trying to pinpoint the instruments on safe Looking at the conductor,
I'm wondering what type of degree the conductor had to
get you imagine your conducting. Yeah, I can definitely do that.
He doesn't look like he's doing much. And then I'm like,
do people watch him and read the music? Like my
(10:06):
brain is going a million miles an hour. I'm thinking
of what i can cook when I leave. I'm thinking
of what notifications might be on my phone, and then
Harriet's like, did you like that song? And I'm thinking
what song?
Speaker 5 (10:15):
Totally I know I'm thinking the same thing. I'm thinking
how long did it take to set up the stage?
And I'm having.
Speaker 2 (10:20):
These cold when I walk back to my car after
this because it's going to be quite late. Should have
parked closer?
Speaker 4 (10:26):
Like so differently. This is so interesting because like when
I watch something like that, I'm like, I'm like live music,
especially like if there's no story, I'm like picturing worlds
in my mind, like use me somewhere else.
Speaker 2 (10:40):
I'm thinking of what's in my fridge. I'm wonder if
those blueberries are soft yet. If they're soft, should I
freeze them for smoothies? Or should I just chuck them out? Oh,
chuck them out. I've chucked something else out one time.
One time I chucked a jumper out, like my brain
bloody loops. And then someone will interrupt my train of
thought and be like, what are you thinking about? Like, oh,
(11:00):
you interrupted my train of thought. And then I'm back
thinking and I'm like trains.
Speaker 5 (11:05):
Yes, yes, and then we are When people say what
do you think about, You're like, it's impossible to narror that.
It could have been three seconds of thought and twenty
million things you've visited.
Speaker 2 (11:15):
Ye Oh, the back of that head down sitting in
front of me really does look like my neighbor. I
wonder what can I imagine my neighbor coming to a
concert like this, like, yeah, my brain she doesn't stop.
Speaker 5 (11:28):
No, no, no.
Speaker 2 (11:29):
I'm not saying like you know when people say my
brain doesn't stop and you go, oh, that's so impressive.
It's not impressive, Jessica. It sounds exhausting. Yeah, it's humbling.
Like I'm not consistently thinking of new business ideas. I'm
not consistently thinking of things that could help the world. Like, hmm,
I don't know, does my neighbor have hairdlet looks like that?
I kid you not, And.
Speaker 4 (11:50):
You may never know because I'll dispear into the crowd and.
Speaker 2 (11:52):
You just have to wonder it did happen. I don't
know because he disappeared into a crowd. Jessica. Anyway, talk
to me, what if we got when it comes to
community money wins?
Speaker 4 (12:01):
Alrighty nothing musical themes, sadly but very on brand. I
have a money in from b who said she won
an NGV membership.
Speaker 2 (12:07):
Free er cool, boring. I love that for you.
Speaker 4 (12:10):
Yeah, doesn't love a music gallery either.
Speaker 5 (12:14):
I don't mind an art gallery, Yeah, I do like
an art gallery.
Speaker 2 (12:18):
Just took me to an art gallery when basically we
went to send me home. We went to MoMA in
New York doesn't live up to the heart.
Speaker 4 (12:33):
Zero out of ten would not recommend with me or book.
Speaker 2 (12:36):
Can we just can we just say that I wasn't
on my own in that you took two eighty HD
girlies and then expected them to not go up the wolves.
Speaker 4 (12:44):
I mean to be fair, I said, I'm so happy
to go by myself.
Speaker 2 (12:47):
We wanted to say that we went.
Speaker 5 (12:49):
Yeah, I see, Well, that's good to know that Jess
was really.
Speaker 2 (12:53):
Stressed knowing that you guys were not having fun. The
fingernails there real question. Don't ruin it for me?
Speaker 5 (12:59):
I would be I want to go and I do
want any spoilers.
Speaker 4 (13:02):
Sorry, I do feel you would love it.
Speaker 5 (13:04):
I feel like I would like I love a jar.
Speaker 2 (13:05):
Of fingernails, but a lot of places that you can
sit though. That's good.
Speaker 5 (13:09):
That's what we need.
Speaker 2 (13:10):
Next.
Speaker 4 (13:10):
I've got a money win from Madeline who said money win.
I've got my Opal card this morning. I got to
the Metro and they're signed everywhere that say free travel today.
Speaker 2 (13:18):
All the games are open.
Speaker 4 (13:19):
Thank you so much. Universe.
Speaker 2 (13:21):
Hey, that is cool, isn't it.
Speaker 4 (13:23):
When just a little thing, when the world aligns for you.
It's such a good feeling.
Speaker 2 (13:26):
Why is it free travel?
Speaker 4 (13:27):
That's great, really cool, I want to say to the
melbournecause obviously Opal is sid me.
Speaker 2 (13:32):
Anyway.
Speaker 4 (13:32):
Next, I've got a money win from Monique, who said
she got a ten dollar gift boucher from Yochi because
it was her birthday.
Speaker 2 (13:38):
We all love Yoshi.
Speaker 4 (13:39):
Your birthday's coming up, vd's if you dors.
Speaker 2 (13:41):
Is too, it is, we could time it to use
it within the same week. I reckon, Yeah, if you
don't have a Yochi account, everybody, we should do a
birthday we can see how much free stuff we can get.
Speaker 4 (13:49):
I had actually thought about that. I thought it would
be a very good TikTok to be like, yeah, how
many things, how many things?
Speaker 2 (13:55):
But also, have you ever gone to Yochi and only
spent ten dollars?
Speaker 4 (13:58):
Well, that's so true. But all of a sudden, my
fifteen dollar thing is only five and that's the money.
Speaker 2 (14:03):
That's a deal, good deal. You're basically making money exactly right.
Speaker 4 (14:07):
Next, I've got a money win from Lou said she
went into Just Jeans this week to try on a
denim dress, and the sales assistant advice that they could
price match the online prices. Online it was forty percent off,
so she managed just call that in store.
Speaker 2 (14:20):
That's so nice, so good.
Speaker 4 (14:21):
I do that sometimes when stuff I want is out
of stock, Like if there's an online sale that's really
good and the thing you wanted to sold out, but
it's not on sale instore, I'll just go in store
and say can you match the online price? And nine
times out of ten I say yes, genius, and then
you get the size that you wanted. And then last
of this week, I've got money in from wonder who
said money win. I've been doing so well with saving,
mostly due to cooking rather than buying takeaway, so I
(14:43):
decided to buy a convection slash microwave slash air fryer.
At checkout, I noticed the good guys had a compare
prices button, so I would already check competitors, you know myself.
I'd looked at the other websites. I wasn't expecting anything, however,
was pleasantly surprised when their button found a ten ten
dollars saving, which they then passed on to her.
Speaker 2 (15:02):
Hey nice, like I have so nice crazy.
Speaker 4 (15:08):
I thought that was very good, So well done to
the good guys.
Speaker 2 (15:10):
Well done for me, good wrap from you, miss Becks.
I said, let's quick fire your broke tips because we
yapped too much about Hamilton.
Speaker 5 (15:18):
Okay, okay, So this first one comes from Rachel, who
says that if you join Hoyts, it's fifteen dollars a year.
You can get ulimited refills, So if you go movies,
your refill. I know, it's not like the drink's portion
of the night. You wouldn't think about it. It's like,
I'm not going to be spending a motter on soft drink.
But it's just another little extra costs that you don't
have to worry about when you go, which I think
(15:38):
is great. And also I'm assuming with the Heutz membership
you get some other benefits as well, like cheap tickets
things like that. It comes after what I said a
few weeks ago about I think it was like uber
one or something the ticket. Yeah, really really cheap tickets,
free popcorn, all this kind of stuff. So that is fantastic.
And what they do is they just fill up an
empty vessel of any kind and then just keep getting
(15:59):
refills and then they go, you're soft rink for the week.
And the next one comes from Nat who says, this
is actually very very smart. You know how you get like,
you know your loyalty cards and you have free coffee.
If you use those specifically on public holidays or Sundays
and you're when there's like a surcharge, then you are
in a way saving a lot of money, because like
(16:20):
if you're using it on every other day of the week,
then it's just like coffee is expensive anyway, but a
public holiday surcharge on top of that, my god, So
make sure you use those, save those and use those
on public holidays unless you can't afford it on a day,
use it whatever the hell you want. So I think
that's so clever. My one is really really silly and dumb.
But I just saw my partner step with this video
(16:42):
and this girl who had this Tita sauce bottle. I'm
sure you guys probably have seen this, but it's like,
you know, when you have like tomato sauce or any
kind of sauce bottle, it's so unsatisfying when it's like.
Speaker 2 (16:52):
You're shaking it.
Speaker 5 (16:52):
You're doing that thing, were trying to get the rest
of it out, but it just will not come out,
and so you just go to chuck the whole thing out.
It's probably like two three, maybe four serving still left.
That's just coating the bottle and you're like, wow, I
can't get it out. I'm just going to check it out.
But instead, what you could do if you have limber shoulders,
good rotator center a fugal for yes, if you it's
(17:13):
gonna be hard to explain to people who are listening, but.
Speaker 2 (17:17):
Say you're gonna get your arms. You're gonna go full, go, go, gadget.
Speaker 5 (17:20):
Yeah, full three hundred and sixty. Hold the bottle at
the end like a bowler. Yeah, cuck a bowler.
Speaker 2 (17:28):
Don't stop, you don't stop.
Speaker 5 (17:29):
You hold it down and you're like going to an
example of.
Speaker 2 (17:34):
This, can jump up and get it. Give you a
good example. It's very satisfying. You kind of like just
like pulling around the.
Speaker 5 (17:43):
Bottles and it's like it's like, I don't know how
good it is for your rotated cuffs is what I'm
worried about.
Speaker 2 (17:49):
Whenever free sauce. Yeah, and I guess you.
Speaker 5 (17:51):
Have to do that when you're like exercising, you have
to like do that well with you. I can't explain it,
but I hope you guys understand.
Speaker 2 (17:59):
You're not just putting a little bit of water in there,
shaking it up and then you storing it upside down. Okay, genius, Yes,
yes you do can do that too.
Speaker 5 (18:10):
But but sometimes they're in that like glass but you
know a sweet and sour sauce where it's like that
glass bottle with that top that is like.
Speaker 2 (18:17):
I know what you're talking. You know, it's like and
then I opened it.
Speaker 5 (18:21):
It's going everywhere, going everywhere, and also it's coming out
as it's sat there just doing nothing because it's just
like it's not very what's the word thinking of, it's
not like sealing it properly?
Speaker 2 (18:31):
Yes, yes, perfect.
Speaker 5 (18:33):
So cent.
Speaker 4 (18:37):
We're going to.
Speaker 2 (18:40):
Centrifugal force said.
Speaker 5 (18:41):
I will not give you any context.
Speaker 2 (18:44):
That's me. I love that. All right, Well let's go
to a really quick break on the flip side. We're
going to be answering a money dilemma, which this week
is about whether you should buy a house or start investing.
And then something that you slid into our d ms
about whether it's worth uprooting your family for a job
that might actually just be temporary. So guys, don't go anywhere.
(19:05):
Welcome back, everybody.
Speaker 4 (19:06):
Let's take a listen to this week's moneys dilemma.
Speaker 2 (19:10):
Hi, there, have you got a money dilemma you just
can't solve That 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 6 (19:34):
Hi, She's on the Money. I had a quick question
I wanted to ask you. So I'm weighing up where
I should be trying to buy a house for where
RA should be trying to invest my money. So, for
a bit of context, I'm twenty three years old, and
I've just graduated from university, and I'm currently in my
first full time job. And while I was at Uni,
I was able to say about twenty thousand dollars, keeping
(19:54):
in mind that I am planning and putting some aside
as an emergency fund, So this would give me about
ten to fift grand left to play with. So obviously
that's not quite enough to buy a house right now,
and with my like a work history, but I'm wondering,
whoever I've be in the next one to two years
of full time work, I could probably say enough to
buy something. However, I am also wondering if investing would
(20:16):
be a smarter option, given that it's a bit more flexible.
It might give me a bit more room to you know,
move within my career and do different things. The other
information I think is important is that I'm hoping to
pursue a PhD in the next few years, so I'm
wondering if I should be focusing on buying a house
before I do that, to kind of get my foot
(20:36):
in the door before I stop having full time income.
So I'm also single for a bit of context, So
I'm making plans kind of around this at the moment,
and I would love your thoughts and insights.
Speaker 2 (20:48):
Thank you so much, can or lost us? Yeah, what
would you guys do?
Speaker 1 (20:53):
Well?
Speaker 5 (20:54):
I was just gonna say, like, there's a few thoughts
I have as all. I feel like, if you're ready
to do a PhD and you won't have like a
full time income or like stable income, then maybe like
buying house, it's not a good time for that. But
my main question is do you want to buy a
house or is it like this is you should buy? Yeah,
like this is what society says I should do by
this aid blah blah blah, Like do you actually want
to buy a house, because if you do, then like
(21:15):
then I think Victoria would say, don't invest, it's too risky.
Put it in a high interest savings you haven't or
a term deposit, which is where you lot your money in.
Speaker 2 (21:25):
You don't need me if you.
Speaker 5 (21:26):
Can, actually you know what you could If you could
leave the whole studio, that would be nice because I
can take it from here.
Speaker 2 (21:31):
But as long as you continue the Hamilton hate strong,
you hold that side of the fort up and I
don't need to know.
Speaker 5 (21:42):
And if we're remembered for nothing else, it's that we
we didn't like.
Speaker 2 (21:46):
But I never liked Hamilton.
Speaker 5 (21:48):
Term deposit for anyone who needs context that it's just
like a savings account when you like lock in your
money for a specific amount of interest for a specific
amount of time, Like you can't touch it. I mean
you can, than there's fees, I think anyway. Anyway, So
like term deposit is an option if you don't trust
yourself to have all this money in a savings account,
and you're like, I can't just have it sitting there
(22:09):
because I'm going to be spending it all, So lock
it in somewhere where you can still access as it's
it's really low risk. And then when you feel ready
and you've saved a little bit more, then start.
Speaker 2 (22:20):
Looking for to buy a house.
Speaker 5 (22:21):
But if you don't actually want to buy a house,
and you're like, this is money that I'm happy to
put in shares forever, then do that. I would say, well,
you can do.
Speaker 2 (22:34):
Like half half whatever. That's me.
Speaker 4 (22:37):
Yeah, I feel like it's I mean, I personally would
probably invest. Like I look back and I wish that
I had had the literacy that you have now when
I was twenty three. Well done on your savings, Well
done on thinking so far ahead, getting in front of
the ball. That's absolutely incredible for it.
Speaker 2 (22:52):
Totally.
Speaker 4 (22:52):
I wish that I had had that knowledge and that
forethought when I was your age. I would say, there's
a lot of thing touched on. We've done a whole
episode actually called should I Buy a house or Should
I invest? I'm pretty sure I would just go listen
to that episode. We maybe we'll link in the show
notes but I think there's a lot of reflection to
be done on what are your goals? You know, I
think having your money in the share market, particularly taking
(23:13):
on that PhD, might give you a bit of flexibility.
I know that a PhD is already such a significant undertaking,
it's really stressful having mortgage repayments on top of that. Yeah,
that's where I was mighty a lot. Yeah, but there's
a lot to consider. So I would just say go
listen to that episode, because that's the reason we made it.
I feel like there's something a lot of people think about.
Speaker 2 (23:29):
Yeah, I think it's a cliff notes well, one hundred percent.
I think rock in a hard place because I think backtracking.
If you have money in an account and it is
not making you money, you need to do something right now.
So whether that is investing, or whether that is putting
it in a you know, high interest savings account or
a term deposit, like we do not in this house.
(23:50):
We do not have money that does not make us money,
full stop, end of story. If you've got savings and
they're not working for you, you're doing something wrong in
saying that. Yes, it is a real big goal to
purchase a house. It is a really big overhead here
in Australia. If you do a PhD. It usually takes
anywhere between three and five years to complete a PhD.
And from my research, a PhD like you get paid
(24:14):
a stipend to do your PhD, and that is paid
to you because they assume that you're working so hard
that you can't maintain any other type of employment during
this research period. That amount of money, which is tax
free is anywhere between thirty three thousand and thirty seven
thousand dollars. That is not a lot of money. And
you're telling me, oh, I want to get a mortgage
(24:35):
in this economy and pay it off with that inc
I feel like you might be setting yourself up for
some serious, significant financial pressure. And when you're doing a PhD,
I'm assuming that's the last thing you want. It doesn't
mean you can't invest for you know, the next five
ten years and then buy a house later down the track.
I know that there seems to be a lot of
(24:55):
pressure on especially young people at the moment, to get
into the market as soon as possible, But the right
time for you to get into the market is actually
when it works for you, not when the market is
quote good because nobody can time the market. So yes, Jess,
great suggestion, go listen to that episode. But then also,
how do we make decisions if we're like, oh, I
(25:17):
don't know what I want. I need you to like
zoom out and look at your lifestyle, your goals, what
do you actually want to achieve? What's the purpose of
purchasing this house? Because you might go, well, be I
want to purchase this house while I have a full
time income and I'm you know, slaying it financially. I
then want to rent it out for that period of
time because I've already worked out what the rental yield
on that property would be. You might already have all
(25:37):
your numbers and go, well, v actually, that rental yield
would cover my mortgage repayments, and I'd go rent in
a sharehouse and keep my living costs really low while
doing a PhD so that I'm not financially stressed. Different story.
So I don't know your situation well enough to be
able to advise on that. And the only person, unfortunately,
that can answer the question of should I buy a
(25:58):
house or should I invest is you? And the only
way that you're going to be able to answer that
question is to deeply understand your values, your priority is
what you want to achieve, But then take the pressure
off timing, Like we don't need to time the market.
It's like people saying when should I invest? Is it
a good time now? Honestly, anytime is a good time.
Just get in. When it comes to purchasing a house, though,
(26:18):
different story, because is any time a good time? Well no,
if you're going to be financially hamstrung or really stressed,
or you're like making that situation that puts you behind,
is paying off your mortgage during that period of time
going to mean that you can't put food on the table.
That's a completely different conversation. So I think that there's
a lot let's just go back to recommending those podcast episodes, yes,
(26:41):
and we'll make sure that they're in the show notes
for you so you can just click them and go.
But for me, it would be about sorry, understanding your values,
what you want to achieve and what life looks like,
or being really realistic about what doing a PhD is
going to look like.
Speaker 5 (26:55):
There you go, we got a juicy dst we do.
Speaker 2 (26:58):
I'm glad you asked. I thought you'd never ask Jessica,
it's about Hamilton. So this week's DM. Hey, she's on
the money. I'm really torn and need your help working
through a bigger family career change. My partner's just been
offered an incredible job opportunity that's life changing, but it's
in a big town over an hour away from where
we currently live in the city. We have two kids.
(27:21):
I work full time, and if we stay here, I
take on a lot more of the load to cover
the commute, and I would have to do the big
commute one day week. The job would likely only be
for a couple of years, so I'm not sure if
we should move to that town. It would mean moving
away from family support and our kids having to change
school My husband wants to stay, but I think the
(27:42):
move makes more sense. I never really changed schools as
a kid. Is it really that bad? What would you guys?
Do you go? You guys? Is it just me like
jess you drive over an hour to work? But my
first thought when and I know you're not, oh, I
need to move to Richmond. No, And I know that I'm.
Speaker 4 (28:02):
Like, I guess a bit of the anomaly in actually No.
One of the other girls in the team is quite
close to me, an hour to work is like.
Speaker 2 (28:09):
A bare minimum of me and my dad did that
for when I was growing up. Yeah, I grew up
in the suburbs like that.
Speaker 4 (28:15):
An hour commute to me is honestly nothing like to me,
that's just an hour. Oh that's quez Yeah, literally, I
had a good run to be forty five minutes dream
so to me when you said it's an hour away,
But I don't want to disregard the fact that you
said that that would mean you taking on a lot
of the additional mental load. I feel like maybe that's
where it's coming from. Because the commute itself an hour
(28:36):
from someone who makes it, it's neither here nor there.
Speaker 2 (28:39):
You just build it. And I'm not saying that it's
super fun, but you do just build it into your day, definitely, And.
Speaker 4 (28:45):
I understand that that means perhaps that's two hours a
day less help that you would get from your partner.
Speaker 2 (28:50):
But hopefully the finances make up for it, right, because
otherwise it's not a good decision to take that job.
Speaker 4 (28:56):
Yeah, I think that if I was you, I would
be weighing up the pros and cons, Like, I know,
it sounds really silly. Have you done a pros and cons.
This obviously a con is you would be taking on
more work, But what does that work look like specifically,
because typically, in my mind that would mean in the morning,
you're probably doing school drop off by yourself, lunch boxes,
all that sort of stuff, and in the evening you're
doing dinner prep, maybe bathtime depending on the kid's age,
(29:19):
that sort of stuff by yourself. A lot of people
do within their partnership do that because it's I think
like that kind of community is actually quite common. Like,
a lot of people have to travel at your work.
Speaker 2 (29:29):
Is it. There's going to be so many people listening
to this going. I'm listening to the Shoes on the
Money podcast because I'm always in the car for an hour.
Speaker 4 (29:35):
Yeah, yeah, genuinely, Like, is the whatever the work looks like?
I'm basing that on, Like, you know, a lot of assumptions.
Whatever you're believing you'll take on, is it manageable for you?
And if it is manageable for you, are there things
that you can pass off to your partner, you know,
when they're home on the weekend, they pick up some
more of the housework so that you're not doing that,
you know, Yeah, can you get a robot vacuum, so
(29:56):
you don't vacuum in the evenings because now you've got
a bit more cash, Like, are there things you can
do kind of counterbalance it, because I mean, I personally
wouldn't move for something that's only an hour away.
Speaker 2 (30:06):
That seems how I feel like you're uprooting your house.
I'm thinking about property.
Speaker 4 (30:09):
You said you're moving away from your family support, which
I think is probably.
Speaker 5 (30:12):
Important with you, very important.
Speaker 4 (30:14):
I never moved to school, so I can't really comment
on that. But did you move schools? Have you said
that I did move? I feel you're talking about I
did move schools.
Speaker 5 (30:21):
We did move a fair bit. I moved schools and
then moved back to the.
Speaker 2 (30:25):
Same Stuah moving schools.
Speaker 5 (30:26):
I think it depends what age you are.
Speaker 2 (30:28):
I have schools three times.
Speaker 5 (30:30):
I don't know, crazy, Hey, it depends on so many things,
like if your friends, if your children have so many
friends and like they really like their classes, they really
like the teachers, they have a really good community there,
then it's like, oh, yeah, don't do that, sir. But
then I mean unless if you can avoid it. But
if you can't avoid it, then they'll be fine. Like
it's actually I'm sure it does help with their resilience
and like social skills and learning to connect with different
(30:52):
walks of life and like different people, different brains, different
all these things, you know what I mean. So it
is beneficial in some way. But yeah, if you can
avoid it, cool. If not cool, if it's like really
really hard to get there, like cause an hour in
a car, cool, an hour anywhere in a car, fine,
an hour to I don't know, it's not an hour
to Beller, right, but say it is. It's like, god,
(31:12):
that's like probably twenty buses, you know what I mean, Like,
what does the commute look like? Maybe that is actually
really war tricky, which is so fair. But I'm also thinking,
like the commute currently, if it took me an hour
to get here, that's only twenty six more minutes than usual,
you know what I mean, And it's like, god, an hour.
(31:32):
That's no, I'm not going to do that, but it's
like only a little bit more than what I'm doing
right now, So it's like just add that much time?
Or is it like to feel really really crazy because
hearing it or seeing it in that way is like
it feels like too much to bear but like I
think if it worked.
Speaker 4 (31:49):
Locally and works fifteen minutes away.
Speaker 5 (31:51):
And yeah, it's like an extra forty five minutes, but
it's like you think of it as an hour and
you're like, my god, that's crazy.
Speaker 2 (31:57):
So maybe like frame it that way.
Speaker 5 (31:58):
I don't know, but I yeah, I would also say
like if it is temporary or potentially.
Speaker 2 (32:07):
Just like whatever, nothing's permanent talking about this, I just
feel like, you know, you wrote in you said it
was a life changing job opportunity, right, so I'm assuming
that that means significant financial remuneration and can like in
comparison to what you currently have, and you know, if
it's only going to be short lived, like, can we
(32:28):
not have the mindset of yet it's going to be hard.
Like I'm not trying to make this sound easier, but
like for the next few years, we get a lock in,
we are going to do this.
Speaker 1 (32:37):
You know.
Speaker 2 (32:37):
My compromise is that I'm going to have to spend
more time at home because my husband's going to go
out make big bank. But we've got this cash flow
plan that means that in the three years that he's
going to you know, have this job, we are going
to be in such a better financial situation that we're
on the same page about it being worth it, And
like Jess you said before, like you know, if you
have a bit more free money, you could buy like
(32:58):
a robot vacuum. In my I was like, okay, cool,
Let's say that my husband gets this job opportunity of
a lifetime, which is what you're saying it is, and
he's going to earn double what he's currently earning. I
don't think it would be beyond the scope of what's
reasonable to go. Okay, cool, Yeah, we are maybe financially
a little bit pressed, but let's spend one hundred and
(33:19):
fifty bucks a week on a cleaner that comes in
every week, maybe every Friday, so that you're not spending
any time on the weekend's cleaning. Like, yes, you might
do the day to day stuff, but like someone comes
in and I'm trying to sell you on this, they
do your bathrooms, They you know, change the sheets of
the kids' beds, they change your bed they do the
whole hog. Right, Maybe you find someone who's a bit
(33:42):
cheap because they take cash, Like I just find what
works for you. But that might be an investment in
your mental health, so you don't have to do any
of that. Then when the weekend comes and your husband
is home, you're spending really good quality family time together.
But you're not trying to find time during the week
either to do the sheets and we'll in it and
like maybe you're like, oh my goodness, the bathroom some
intouched in weeks and that can genuinely wake quite heavily
(34:04):
on you mentally. So I feel like, what compromises could
you be making? And this again is probably me talking.
You've got more cash flow, you're financially a little bit
more comfortable instead of having to do the grocery shopping
every single week. Are we looking at a food delivery
service like Marley's Boon where you can have dinner four
nights a week. It's in the fridge, it's ready to cook.
(34:25):
So you just do school, pick up, come home and
start prepping dinner. There's no lack that overwhelming Oh my goodness,
I don't know what I'm going to cook for dinner.
I have to go to the super market. That like
mad rush, Like you're running around like a chicken without
a head after school, Like what can we do to
set ourselves up for success? Because I'm kind of I'm
on the same team. I just think that if it's
an hour away, we don't need to uproot our whole lives,
(34:48):
especially if your family is there. We're not moving away
from them. But what things could we spend a bit
of money on so that it feels really comfortable during
that period of time. Or are we just trying to
change our mindset so that we're like, all right, we're
locking in for three years. It's going to be a
bit of a hard hog, but like, look how much
better off we're going to be. And everyone's just on
the same page. Yeah, Like what does that look like?
(35:10):
Did everyone else say when we ask? Oh my goodness,
so many opinions. So first thing we asked is if
you were our community member, would you say or move?
Fifty three percent of you said move. It's more sustainable. Surprising,
I mean sustainability. I guess it's good.
Speaker 4 (35:23):
But they can hatch the train if that's an option,
potentially public trainsport.
Speaker 5 (35:27):
And then you can do two things at once. If
you are like I'm to your more of the mental load. Know,
if your partner is seeing the train every day, they
do all the adamint on the train.
Speaker 2 (35:35):
A friend who lives in Ballarat and commutes to the
city every day and has negotiated in their contract that
they actually get a nine a m train because there's
less like people on there because it's like a V line,
which is more of a regional train, so you're guaranteed
a spot. Basically, they work for the hour on the
train on the way there, and they've negotiated with their
boss that that's in their working time, So they leave
(35:56):
at four pm and they arrive technically at the office
at ten am, but they've already done like the two hours,
so their commute time is Actually, that's great genius, right,
that's great.
Speaker 5 (36:06):
I think I should be.
Speaker 2 (36:07):
Regional trains have Wi Fi and stuff, so they're fine.
But like, isn't that smart? So yeah, forty seven percent
of you said you'd stay and not uproot the kids.
I feel like we're all like, just stay. I was
surprised with that split. I thought way more of you
would say, like, stay, but that's okay. Have you or
your kids ever had to move school because of a
parent's job. Forty six percent said no, we never had
(36:28):
to consider it. Thirty percent said yep, and it was fine.
Thirteen percent said no, but a parent did the commute
and eleven percent said yes, and it was a struggle. Okay,
interesting spread. I moved schools three times. Strug did you
find it? I think because it was relatively early primary school,
it wasn't as dramatic as it would have been if
it was high school. I think in high school I
(36:49):
would have been very upset to lose my friends. But
when I was little, like making friends when you're like
six seven eight is not as hard as teenagers. Yeah,
And I mean we were moving stay so first we
were like in Lancestern, and then we moved to a
place called Sister's Beach in Tasmania. And then from Sister's
Beach we moved over to Melbourne and then you know,
found a primary school there. But I do remember my
(37:12):
friends from each location, but I don't remember it being
super traumatic. I think my parents worked really hard to
make it as easy as possible, like as exciting as possible. Yeah,
I I don't remember being like, oh my god, like
this is the worst decision ever. I do remember not
wanting to leave the school because I had my little friends,
but like mom was like, oh, we'll come back to Tasmania,
(37:32):
We'll do this or you can keep in touch. And
I mean my best friend Harriet lived in Tasmania all
through school. Still best friends. Yeah, like that hasn't really changed.
Speaker 4 (37:41):
Yeah.
Speaker 2 (37:42):
We then went to the community and we said what
is your two cents? So first person said, smaller towns
often have a stronger community, for example, like sports to
keep kids connected. Next person said, my dad was constantly away,
but we never had to move. In retrospect, my mum
probably had the hardest time.
Speaker 5 (37:59):
Yeah.
Speaker 2 (38:00):
Next person said, moving a kid in primary schools much
easier on them than high school, which is exactly what
I said. I moved schools a few times. It was
absolutely fine, And unhappy marriage and unhappy parents is definitely
worse than moving schools.
Speaker 4 (38:14):
I mean, that's a good point. It's a good pointing
to weigh heavily on you. Then that's something you've got
to consider to Yeah.
Speaker 2 (38:19):
Someone else said, we did it, and we're currently doing it.
It turned out to be a better lifestyle for us,
and we ended up staying. Next person said, teacher here
a fresh start does wonders for kids. They learn to
build relationships over time. Yes, so you were saying, Another
person said, and I'm only going to give you a
couple more. The commute has one of the biggest effects
on overall happiness, which I think is why you know, Beck,
(38:40):
you were saying before, like what could you do during
that time, Like if they'd a way that you could
make that commute not so old destroying. Someone else said
this was me and I actually ended up asking to
change schools over having to commute. And then the last
person said, I'm a former army brat. Kids are very
resilient and we'll make new friends and settle into a
new school easily.
Speaker 5 (39:00):
There you go, really change, I've really gone one eighty.
Speaker 2 (39:03):
I'm like, you can.
Speaker 5 (39:04):
They should move because yeah, because it's like if you're
an hour away from your family, that's not too far.
Speaker 2 (39:11):
Family support. Like and I'm just like making this up
in my head at this point, but like if you're saying, oh,
we don't want to be far away from family support,
like there's nothing like being able to pick up a
phone and be like, hey, Mom, I'm struggling with the kids.
Can you come over and help after school? Like that's
not as possible if you're asking your mum or whatever
to drive an hour for that. So yeah, I don't
I feel like you just have to do what Jess said.
(39:32):
Have you done a pros and cons? Lest We love
a pros and cons? We absolutely do. All right. Well,
unfortunately that is all we have time for today. That
is all from us, and we hope you have a
beautiful weekend and we'll see right nearly on Monday. For
a money dary. OHI, guys, say, did buy shared on?
Speaker 5 (39:52):
She's on the Money is general in nature and does
not consider your individual circumstances.
Speaker 2 (39:57):
She's on the Money exists purely for.
Speaker 5 (39:59):
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 Divine and
Sheese on the Money are authorized representatives of Money Sherper
Pty lt D A b N three two one IS
(40:20):
six four nine two seven seven zero eight AFSL four
five one two eight nine
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