September 18, 2025 • 33 mins
Ever wondered if sharing an investment account is romantic… or just risky business? This week we’re unpacking whether it’s the smartest way to build wealth together, or if there are easier (and safer) options. Then, we dive into a community DM that gets a lot heavier: when your partner’s choices put your financial security at risk, how do you protect yourself? Of course, it wouldn’t be Friday without the rest of the chaos; clever money wins, broke tips you’ll actually want to steal, and a few confessions that prove nobody in this community has it all figured out.
CONTENT WARNING: This episode deals with a community DM about gambling addiction and touches on addiction in general. If you or someone you love needs help, please know you are not alone.
You can access these free resources:
National Debt Helpline – 1800 007 007 or ndh.org.au for free financial counselling
Gambling Help Online – 1800 858 858 or gamblinghelponline.org.au for free, confidential support 24/7
You can listen to our episode:
The Impacts of Gambling here.
Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here.
Join our 300K+ She's on the Money community in our Facebook Group and on Instagram.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:12):
Hello, and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It is
our favorite day of the week because we get our
team together to celebrate you. How beautiful She's on the
Money community ms Jascarrici, she's here and she's going to
be sharing her favorite money wins and confessions from the
She's on the Money Facebook group. Miss Bech Sayed is
(00:32):
here and she is back with a number of very
good broke tips. And this week we're going to be
helping to answer a money dilemma, which is about whether
opening a joint investment account is a good idea and
something that you slid into our dms about how to
protect yourself when your partner has a gambling addiction, which
I think is a really important one to talk about
(00:52):
before we get there. How have your week's been, Miss
bechs Sayed.
Speaker 2 (00:55):
My week has been lovely.
Speaker 3 (00:57):
I'm back home and I know that a lot of people
get like post holiday blues, but I get post holiday
elation because.
Speaker 4 (01:06):
I think that I thank you.
Speaker 3 (01:08):
It's just like and I don't really have a routine,
but I just think like not having to have like
dirty clothes in your bag and.
Speaker 2 (01:15):
Just like things are organized again.
Speaker 3 (01:17):
Also, being away from my friends for a week is
actually really hard. I know it sounds silly, but it
is really hard to not see people for that long.
Speaker 2 (01:26):
It's only a week.
Speaker 3 (01:26):
I don't know how I go traveling longer, but for context,
I just came here from one week holiday in Thailand.
I could see myself going back, but not for a
long time. I think I need to clean on my
clothes and just get organized again.
Speaker 2 (01:37):
But no, really good week. What about you good?
Speaker 4 (01:40):
I'm very jealous. I'd love to go to Thailand. It's
on my list. But I have been just getting into
the Halloween spirits.
Speaker 1 (01:46):
Yeah why sure, you guys know she's been sending me
dms about Halloween purchases.
Speaker 4 (01:54):
Yes I have. I did start because that's when all
the good stuff comes out. You got to get it
all so cute.
Speaker 5 (02:00):
But yes, I like to get, as you guys know,
as much mileage out of my celebration.
Speaker 1 (02:03):
And the second Halloween is done, I believe she puts
her Christmas tree.
Speaker 5 (02:06):
Up absolutely, so we're getting a full month and a
half of the Halloween goodness.
Speaker 1 (02:11):
Yeah no like, no no shade, no judgment. I love
this for you. Also, Jess always makes Halloween treats and yes,
spooky treat We love you for us forward. Yes, yeah,
I mean that's my highlight of the week is knowing
that Jess is planning all of her holiday treats. I
would like to request those spiders that you made last year.
Oh yeah, like the ones with the noodles, the noodle
(02:31):
chocolate spider things. They were a ten out of ten.
Think you put sprinkles on them, and the sprinkles were
very well placed but also very delicious. So yeah, every
year literally just does that. Now I can't think about
anything except for the fact that she made these awesome
chocolates that one time. My week has been chaotic. Honestly,
I feel like it's already December. I know it's not.
(02:52):
It's September, but like it feels like December at this
point in time, and I just I feel like this
year's gotten away from me. If you said, oh, yeah,
it's March thirty first, and I was a little bit tired,
I would not blink yeah, like I'd be like, yeah,
of course it is.
Speaker 4 (03:06):
That's so funny, do you know what I mean? Like
gone weird? This year?
Speaker 1 (03:10):
Time is absolutely flying and that's so good, but like
so chaotic and like we're still living at the beach
and like driving back up and down, So it's quite
quite a lot. But that's not a complaint. So should
we do a little five star review before we get
into their breake tips and your money wins? Yes, alright,
sit down, strap in, because we have one from Megan.
(03:32):
Meghan says, I'm an OG listener, but I'm still learning.
I've been listening since the first episode was launched, and
often refer back to old episodes even after all bes years.
Such an easy to understand way of learning about finances,
excepting where you are out and creating a plan to
move forward. Highly recommend to anyone wanting to make a
difference and set themselves up for success. Geez, yes, are
(03:54):
so nice, but please don't go back and listen to
the old episodes. I'm a changed person in the paris
of those episodes.
Speaker 4 (04:02):
Theres some gems.
Speaker 1 (04:03):
Yeah, you're nice, but like you weren't on the first season,
so you didn't have to go through the like trial
by fire of not knowing what the heck you were
doing and sitting on the floor with a microphone and
a sock. But and like, I just feel like the
quality of the first few episodes just isn't what it is. Now.
Speaker 4 (04:20):
We've grown, you know, and that's good being pe sock.
Speaker 1 (04:22):
Yeah, we've glowed up.
Speaker 2 (04:24):
Yeah, that's cool.
Speaker 1 (04:25):
We're proud of where we've come from.
Speaker 2 (04:26):
I'm proud of where you've come from.
Speaker 1 (04:28):
Yeah, I would be too, honestly looking at that journey anyway.
With Jessic Gorici, what are your money wins and confessions?
Speaker 5 (04:33):
Alrighty mostly this week, I've got one from Lauren, who
said she put her health insurance into AI and asked
it to help her make the most of her cover.
It helped her to figure out what appointments she should
book to ensure that she's getting the most out of
her money for you know, obviously you pay for cover,
but people don't always use everything. So she said that
it gave her like a really good breakdown of what
(04:55):
she should use and what she could do and with
all the different things from a premium, I thought it
was very clever. Next, I've got a money win from Kristen,
who said her twelve year old microwave had a recall
on it, so you're getting a brand new one.
Speaker 2 (05:06):
Oh my god.
Speaker 1 (05:06):
Cool.
Speaker 2 (05:07):
Would we love wild after twelve years?
Speaker 1 (05:09):
Is that crad that's actually insane. I would have thought
that it was out of warranty, But if it's a
safety issue, I guess they're responsible forever, not just like, oh,
it died, which is kind.
Speaker 4 (05:18):
Of nice to know that. That's makes me nice years
to check it it. Next, I've got a.
Speaker 5 (05:23):
Money win from Jessica, who said she's excellent name scored
her fourth too Good to Go surprise bag for Baker's Delight.
She said, ten dollars for so many items, and what
she's done is she's popped them aside for school lunches.
Speaker 1 (05:36):
For the week.
Speaker 4 (05:36):
That's actually sight, which I always genius.
Speaker 1 (05:39):
I now have an eighteen month old who is absolutely
obsessed with the Apple Scrolls Bakers. Yeah, and like it
makes sense if I'm at the supermarket or whatever and
I'm like, oh, I need to get Harvey like an
afternoon snack, and I don't want to like get him
a sugary whatever. I feel like an Apple Scrolls mainly
bred and like the anyway he flaps his arm. She's
(06:00):
so excited, like like as we walk up to Baker's Delight,
and it's now become a thing because I buy my
like just daily bread. There he like looks at it
and flaps his hands, and I'm like, how do I
not like, how do you not get in the little scrut? Like, guys,
can you please start making mini versions because like an
eighteen month old holding this scroll, but he knocks the
whole thing off. I don't know how.
Speaker 2 (06:22):
Oh my god, so excited.
Speaker 5 (06:24):
Anyway, we love a little bakers size treat absolutely. Next,
I've got a money in from Anna, who said a
friend of hers is moving out for the first time
and they ask for help with budgeting, so she sent
them that she's on the money budget, which her and
her partner loved. And so now her friend is listening
to the audio book she's gotten up based on her
suggestion to help with the budget breakdowns, and she's asking
how to work out all of the best for the
(06:45):
utilities for the new place. And Anna says she loves
being able to share what she learned through she's on
the money with her friends.
Speaker 1 (06:52):
Gogea power of women. See I've never met a woman
who's been empowered that hasn't then gone on to empower
other women.
Speaker 4 (06:59):
Go forth and the good word.
Speaker 5 (07:03):
And then lastly, this week, I've got a money win
from Sheila, who said she swapped her prepaid plan to
Boost and got their one year of data for two
hundred and fifty dollars, plus.
Speaker 4 (07:13):
She got thirty two dollars lush back.
Speaker 5 (07:15):
Her current prepaid plan is thirty five dollars a month,
so she'll save around two hundred bucks a year.
Speaker 1 (07:19):
That's such a good deal. Yeah, that's a great money win.
Speaker 4 (07:21):
Yeah, that's it.
Speaker 1 (07:23):
I love that. When it comes to broke tips, what
are you going to put on the table?
Speaker 3 (07:28):
Well, actually, really quickly, the chat GPT or AI thing
reminded me, this isn't a broake tip.
Speaker 2 (07:32):
This is a free one from back your broke.
Speaker 1 (07:35):
Tip though, just tip, just tip.
Speaker 2 (07:37):
My girlfriend uses chatty.
Speaker 3 (07:38):
I don't use chat gpt for environmental but the way
I said, I'm like, if I'm not using it, that
frees someone else up to use it. But anyway, I
don't know if that's how it works. But my girlfriend
uses it to get like meal plans done because she
used to pay like eighty bucks a week for a
meal plan and.
Speaker 1 (07:51):
So now she just asks chat geept and they do
it also.
Speaker 3 (07:54):
Smart and then she says, organize this into a shopping
list and it does.
Speaker 1 (07:57):
Stop her crazy. I Actually I love the fact that
AI can help us in such a good way. Yeah,
I know, there's like a whole host of like environmental
conversation to have around this, and on our investing episode. Actually,
I did an investing episode a couple of weeks ago.
I recorded it with Brooke and we're talking about like
shares that we were following, and I was talking about
(08:18):
an investment that is essentially creating AI opportunities without the
environmental impact, and that would be really exciting. But yeah,
I find it so helpful the fact that you could
go do like a really fancy meal plan that you
were paying so much for before, basically for free. Totally
like the idea that we can kind of upgrade and
glow up our lives on our own. Oh so good.
Speaker 3 (08:41):
Yes, Like it takes a bit of that mental load, absolutely,
and it's like if it's free, you know, And sorry,
women already have so much mental load.
Speaker 1 (08:48):
Yeah, Like I know that there's environmental impacts, but right
now we're just girls and we're just doing what we can.
Speaker 5 (08:54):
Yeah.
Speaker 2 (08:54):
Fully, so I think it's great.
Speaker 3 (08:56):
So as for broke tips, the first one comes from
Marie Maurice's Cinemas members can enjoy ten dollar movie tickets
at Events Cinema at the Moment, which really reminded me
that this week I went to Lido.
Speaker 1 (09:08):
Or I Love The Leader in Hawthorne. It was like
five dollars for a ticket and then vegan. It's made
with coconuts, go and salt, and it is so good.
Not that I'm vegan anymore, but I feel like I
have the responsibility that as a past vegan, I should
share all the vegan hacks and tips and tricks. They
do a vegan chock top.
Speaker 4 (09:26):
Yeah, they do Billy Van creamy.
Speaker 1 (09:29):
Oh my god, I love That's a great day.
Speaker 2 (09:32):
It's my favorite ice cream shop. And they do a vegan.
Speaker 1 (09:35):
Chuck top exactly right.
Speaker 3 (09:37):
They also do ten dollar popcorn and drink, which I
feel like is a bargain.
Speaker 1 (09:40):
Very good. They're very reasonable and very reasonable if you
go to The Leader, I believe once a month on
a Wednesday, they do comedy.
Speaker 2 (09:47):
Oh course, so cute, right, and it's a really cool
cinema as well.
Speaker 1 (09:50):
Gabby, who used to work for us, still goes to
comedy on like a Wednesday night occasionally, like really cheap
tickets because it's like local comedians and just like so cute.
That's a very little maybe date night for broke down
maybe day night.
Speaker 2 (10:04):
Thank you.
Speaker 3 (10:05):
The sex one come from someone named Jess, who also
is my girlfriend.
Speaker 1 (10:11):
We've got a Jess on the show. You had a
money win from a Jess. A Jest now who is
your girlfriend? Who is going to give her a broad
tip because you always steal her stuff?
Speaker 3 (10:21):
It is so she sent me this reel of this
girl who was showing us a Tony chocolatey Aldi version
that like four dollars.
Speaker 2 (10:29):
I think your choco changer.
Speaker 1 (10:31):
Yes, but isn't it made by the.
Speaker 2 (10:34):
By Tony stuff? And it's four dollars?
Speaker 1 (10:36):
That's a money win. I can't remember the last time
a chocolate was under five dollars. I know you guys.
Isn't it insane the fact that a block of chocolate
now has to crack a note to me, that's crazy.
Sorry that his eight dollars absolutely not that great crazy
but like five and stuff? That to me is insane
because I don't buy blocks of chocolate, like that's just
(11:00):
not how I'm going to do it, because I will
buy the family sized pack of like what are they
fun sized caramel like Wallace and smash all them. I'm
not going to waste it on a block, like sure, no,
that's not my circuit CARAMELI block. But if I'm cooking,
I'm like, oh okay, I'll buy like a block of
chocolate to spreader off the top of my caramel slice.
Speaker 4 (11:16):
Well, I use it for a Rockie Road now.
Speaker 1 (11:19):
For the office, or baking for friends, or baking for family,
or even just baking for your mental health is now
as much as therapy anyway.
Speaker 2 (11:28):
So my one my boat tip, it's called Wonky Coffee.
Speaker 3 (11:31):
I saw like a real on Instagram, and basically their
whole purpose is to reduce waste, but they do focus
on like coffee, so like espressopods and things like that.
So you might find like a box of one hundred
and espressopods. It's not super cheap, it's like between sixty
five to seventy five dollars, but I know that the
espressopods are like they can be up to like one
hundred dollars for a one hundred pack.
Speaker 1 (11:51):
You know that's actually insane to me. Yeah, like the
idea that at like and I've never owned an espresso machine.
So maybe people who do can correct me. But like
when I the maths on it, I was like, this
is astronomical. Like I used to have the Audi coffee machine, which,
by the way, slaps their coffee amazing, the purple one,
the best one. Can't remember what number that is. But
then also I like upgraded. I had a Snag one,
(12:13):
but then I could buy the Levatza Pods. The Levatza
Pods good coffee, but also much cheaper than Espresso. Still
like I just yeah, okay, like don't get me wrong,
Like could I technically buy it and not be financially
impacted that much? Yes, I could. It's not the bloody
point though. I hate when things take the piece.
Speaker 3 (12:31):
I know, Like well, and that's why I guess it's
good because it's like, you know, you might get a
bag of coffee beans that are just like could have
been thrown out. I know, that's kind of like compost
it's a bit different, but in Espresso pods, it's a
box of one hundred that are just like random ones
that have been It's like a lucky dip sort of situation.
It's like all the ones that are kind of not
going to be used or maybe thrown out or something.
Speaker 2 (12:51):
They'll kind of like box it up and.
Speaker 4 (12:53):
Their still in day and stuff.
Speaker 2 (12:54):
They're yea all good, they're still good. They're just like bonky.
Speaker 1 (12:58):
I kind of like that. It's like the odd Bunch
at the supermarket. People buy from the odd Bunch. I
believe Coles and Willies have their own version of like
the odd Bunch, But I always buy like my carrots
and my lemons and stuff that I'm like, sorry, it
doesn't matter if the carrot's wonky, like you're gonna cut
it up anyway. And lemons, I'm sorry, lemons are already expensive.
(13:21):
I'm gonna buy the odd bunch, like, I don't care
if it's got a brown spot on the outside. The
only thing I won't buy that has brown spots is bananas.
Like sorry, if there's a brown spot on a banana,
immediately canceled. That's immediately going too banana bread. Wow.
Speaker 3 (13:35):
I only eat brown spotted bananas.
Speaker 4 (13:39):
Ripeness is highly divisive.
Speaker 1 (13:43):
Eat brown spotted bananas.
Speaker 2 (13:45):
I like an old old banana.
Speaker 1 (13:50):
Is almost green criminal. I jess, like, you know, just
when you buy the banana, I usually buy them and
they've got like the little green tips and then the
next day, the second the green has gone, they're edible,
and then a few days after that once they start
to brown, I'm sorry, that's gone to God. It's actually
no longer my responsibility, Like my digestive system says no, Wow,
(14:14):
would anything bad happen if I ate it? Absolutely not.
I taste so good it gives me the ick. No,
it doesn't taste good.
Speaker 4 (14:20):
Sweeter I would say it's much more banana. I think
the riper. It's the more like strap banana.
Speaker 2 (14:25):
That's a banana.
Speaker 1 (14:26):
I do have a baby, and at the moment he's
not that picky. I know things can change, but at
eighteen months old he will take any banana. So he
gets the bananas with the brown spots, taking one for
the team.
Speaker 2 (14:38):
You're raising a brown spotted banana kid. I think he'll change.
Speaker 1 (14:44):
I think he'll become a picky eater like miss jessic Ricci,
and we.
Speaker 2 (14:48):
Can only hope.
Speaker 1 (14:49):
What else have you got, Beck?
Speaker 2 (14:50):
Well, that's actually me for today.
Speaker 1 (14:51):
I love that for us. Let's go to a really
quick break because we're going to talk about whether opening
a joint investment account is a good idea. On the
other side, and something that you slid into our DMS
about which I think is a very good conversation to have.
How to protect yourself when your partner has a gambling addiction,
so guys, don't go anywhere.
Speaker 4 (15:12):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 6 (15:18):
Hi. There, have you got a money dilemma you just
can't solve? The She's on the Money team is here
to help. Every week, we tackle your dilemmas, both big
and small, to answer your most burning money, career and
life questions. To get involved, simply head to our website
and leave us a short voice recording and you might
just find yourself on the show. Now, let's take a
listen to this week's money dilemma.
Speaker 7 (15:41):
Hi, friends, I'm wanting some advice on investing as a couple.
I currently invest on shares us by myself, and we're
not really ready to go to a financial advisor just
yet to start investing, but we do want to get
started on investing in some sort of way. Ideally, we'd
like to micro invest, but jointly in both of our names, somehow,
(16:03):
almost like a Charesias that we both have access to,
like a joint account. I don't know if there's an
app like that, or there's some other way that we
can do it where we both have access to it.
Any advice would be amazing, though, thank you.
Speaker 5 (16:17):
Ooh yes, I mean I haven't looked into it, so
I really don't know if something like that is. My
best guess would be I thought that shares had to
be held under a singular name. I could be wrong
about that. Like, if it was me personally, I would
just say, we'll both have accounts. We can invest in
the same things if we want them to look exactly
the same. If you're saying you want a micro investor,
(16:38):
you can turn on your round ups, you know, shazys.
There's new minimum investments so you can invest as much
or as little as you want. You can use those
different features like the roundups that want to invest whatever. Yeah,
but yeah, for me, it's it's kind of just not
worth a headache. And I don't really know why you
would feel the need to have it owned jointly.
Speaker 1 (16:55):
Well, you can open a joint investment account, but the
key thing to know here is how ownership is going
to work if things then change down the track, right,
So depending on how the account is set up, you
and your partner might both remain legally tied to that
account if you don't like sell everything down. Even after
a breakup. A lot of the time you're not actually
able to just drop one person's name off the account
(17:18):
and have the other person just continue to own the
investment on their own, which can be really frustrating because
you're like, well, I don't want to incur capital gains
taxes or have to pay a whole heap of money
or even sell a good investment just because I went
through a breakup. So this means you'd either have to
continue owning the investment together or agree to sell it
and then split the proceeds. So before jumping in, I'd
(17:38):
really look at the account type, then how it's set up,
and what that would actually mean if you separated in
the future. It honestly might be easier for the future
if you did what Jess suggested and just like held
separate accounts. Is there anything else do you think you
want to add better?
Speaker 3 (17:54):
I think you've got to handle on it into this spece.
Speaker 1 (17:57):
You dam god. So I'm excited for this one, but
I'm also like not excited in the same way. Oh
my god, I'm so happy to do it. I'm like, Okay,
we actually need to talk about this because I feel
like it's come up a few times in our community recently,
whether it's something that you've discovered about your partner or
it's something that you've known about, but it's kind of
starting to blow out of proportion and impact your life.
(18:19):
So here's our DM high she sheeese. On the money,
I have a money and life dilemma. I recently found
out my husband has been fired from work due to
a gambling addiction. This is not the first time he's
had this problem, and we are trying to get him
the help he needs. However, I'm wanting to protect myself
and our house so that he's unable to use it
as collateral in the future. What would be the best
(18:41):
way to do this? And I'm also wanting to know
what the community would do in this situation.
Speaker 3 (18:48):
I'm curious about how it must be quite significant if
he lost his job, because you know, I, for example,
like I'll play a multi on sports Bear, but it's
like nothing that any employee would have known about.
Speaker 2 (18:59):
Like I have to have blending.
Speaker 1 (19:01):
I've heard of it before where people are like gambling
addiction isn't something that like, you know, you're placing like
a little multi at lunchtime. That's like and that not
just something for you. They are tracking like the horses
or the dogs or something all day every day day.
They're at work and they're placing bets on work computers
and they're not doing their hours because they're distracted by something.
(19:22):
So it wouldn't have been and like this is just
me extrapolating it out. Maybe they're gambling on work stuff.
Who knows, there could be six million things, but it's
very unlikely that your workplace found out you had a
sports bet account and goes, oh, that's not in line
with out knows, Yes, that's nothing to do with it.
It's more about that would usually impact your role. Okay,
that makes so much what you seak off to the
bathroom every five minutes to place multi? Do you know
(19:44):
what I mean? Like, so they're not firing you because
you've got a gambling addiction. They're firing you because you've
got your need ability to do your job. Oh my god,
totally Okay, so this is the underlying reason would be
like cool, it's your gambling addiction. That's what you're doing
the bathroom.
Speaker 3 (19:57):
Yeah, yeah, that's so fair. That is a really really
tricky one. And I'm it sounds like you're very supportive,
and that is really really nice because addictions, man like
it is so like it doesn't make like, you know,
I've got a vaping addiction, you know, like I and
and if someone says you can't vape, then all I
can think about is vaping. But I don't think about
it before then, just like when someone says you can't
(20:18):
do it or something like that. So it's like your
mind just manifests things in so many different ways, and
you become addicted to things just for no reason. Like
I'm sure he didn't go into this thinking he would
be at this point, but it sometimes takes over and
and so it's really good that you're supporting him and
he's trying to get the help he needs.
Speaker 1 (20:39):
So it's really lovely because a lot of people would
be like, get out of my house. I don't want
to have anything to do with.
Speaker 6 (20:44):
You, I know.
Speaker 3 (20:44):
And I think that if it's to the point where
it's like affecting your like it feels very black and white,
like if if someone gambled away your money or your car,
or your shared things. It's like the black and white
version of that is you're awful, why would you do that?
Speaker 2 (21:01):
And then the gray area is like.
Speaker 3 (21:04):
You are really like you don't you probably aren't a
bad person, like, but imagine being so you know, like
you can't see anything else, Like it kind of takes
that part of you away, the part of you that's
like I would literally never gamble away my partner's car.
It takes that away from you, Like it's like you,
it's just it's a it's a beast, it's a monster.
It's like uncontrollable. So like an addiction is an addiction,
(21:26):
you know. So I'm like, I really feel for this
person and the family and our listener. So it's really
good that you're getting support. Unfortunately, there does. It does
get to a point though, where it's like you love
someone so much, but you can't be around it if
there's not any.
Speaker 2 (21:40):
Progress, I really don't.
Speaker 3 (21:42):
I really don't have any useful advice other than support
up until a point, and you know, never shame anyone
for what they're going through. But if it gets to
a point where it's really negatively impacting you, then I
think you should maybe think about removing yourself from the situation.
And as heartbreaking as that is, but that's it's not
(22:02):
financial anything that doesn't really help.
Speaker 2 (22:04):
But I think that's what.
Speaker 1 (22:05):
Addiction is really serious, and it's really heartbreaking, and sometimes
you can try all you might and it just not
be successful. It blows my mind how much it can
impact families, and it just it literally breaks my heart. Jess,
what would you do?
Speaker 4 (22:22):
It's so hard.
Speaker 5 (22:22):
I want to send lots of love to our listener
and to her partner because exactly as you said, Beck,
it is such a monster all of its own, and
you know the flow on impacts beyond financial. I think
gambling is such a slippery slope. We did a really
good episode on gambling quite a few years ago now
that will link in the irrelevant irrelevant along with some
gamblers help resources for anyone who's got someone that they
(22:44):
know if yourself maybe need a little bit of help,
there's absolutely no shame in that.
Speaker 4 (22:47):
We'll link to some things that you might find.
Speaker 1 (22:49):
Useful, no no like, and I guess to context yours
that you said before, like you've got a vaping addiction.
I have an addictive personality and I am just very lucky.
I think to have always known that I've had an
addictive personality, and so therefore I've had to say no
to a lot of things in life because I'm like, no,
I won't try that, because I kind of know that
(23:11):
that's a slippery slope for me. Like I know a
lot more about my personality than a lot of people do.
And no, I didn't try smoking when I was younger
because I kind of knew that it would become a thing.
Like I was just like, I know the peer pressure
is going to get to me, but no, I'm going
to say no here because like I just kind of
knew that that would become an issue for me. And
(23:34):
like I think in every other and addiction can show
up obviously very negatively, but I think it can also
have a very good impact on your life. If you
are the type of person like me where you've got
an addictive personality, good luck stopping me from running my businesses.
Good luck stopping me When I have an idea or
want to do something, ask poor Jess. I'll be like
I want to do this, and Jess, we'll be like, no,
(23:55):
we're not doing that, and I'd be like, weird, because
I'm gonna do it anyway, not something that you're inherently
a bad person. It's just something that you really struggle with,
and like there's so much research around it. I mean,
Roy Morgan did some research that looked at the rate
of online sports betting in ages eighteen to twenty four,
so still just babies, and it showed that already out
(24:16):
of those people, likely one in four would develop a
serious gambling problem on a sports betting app. Yeah, it's
very common.
Speaker 5 (24:24):
Yeah, So to answer the question about protecting your assets,
I would say you need to seek legal advice because
I think it'd be quite complicated when you're married, because
that de facto element comes in where even if you
were to move the asset out of his name. So
my best guess would be you probably need to take
him off the title for the property, but not an expert.
Speaker 4 (24:42):
Definitely speak to someone who is.
Speaker 1 (24:43):
That's good advice and just to like collaborate with your response.
You absolutely can do that. Legally, the problem will be
stamp duty, and I'm assuming that if it's a financial issue,
we don't have a heap of money to throw at this,
and we don't need to pay stamp duty on fifty
percent of your property. Yeah, so I've got an answer,
but like that great response. Yes, could absolutely do that,
(25:05):
but it might be expensive.
Speaker 5 (25:08):
Yes, which is why I would kind of say, get
speak to someone who can kind of look at your
situation holistically in advice as best, because I think there
are so many exactly except there's tax, there's all of
these different things. There are legalities regarding like even if
something's not in someone's name, they're still entitled to a
portion of it, often under de facto. So I would
be seeking like some form of legal counsel. I think,
(25:28):
so someone who can look at it and look at
the situation give you a recommendation as to what will.
Speaker 4 (25:34):
Be best to protect the assets.
Speaker 5 (25:36):
Yeah, I think that Sometimes it's annoying, Like I know
that you might not want to front the money, but
I think sometimes the best thing you can do is
invest in good advice that can.
Speaker 1 (25:45):
Really see ali you. Yeah, see a lawyer. Absolutely. So
you could also change your contract depends how it's been done,
but adjusting your title from joint tenants to tenants in common.
So instead of being like equal but also equally responsible
therefore equally accessible, you would limit it by shares, so
(26:05):
your fifty percent would be more protected. That's going to
save you a bit because you don't have to pay
stamp duty and stuff for that. But the one thing
that I would want to do, like if I was
really worried and I didn't want to pay stamp duty,
I would go and talk to a lawyer about registering
a caveat on the property, which means it cannot be used.
And this again not legal advice, just what I've seen
other people do, and you need to go talk to
(26:27):
your own lawyer, but registering a caveat, which is a
legal notice that is lodged against the property through your
state's land Titles office, and what that does is stops
it being sold or used for security without your consent.
And so it's not something that usually individuals register. But
like right now, I own a property, but because I've
got a mortgage, my bank has a caveat over the
(26:50):
top of that mortgage. Meaning I can't go sell my
property to Beck and then she gives me the cash
and I keep it. They've got a caveat that says
if this property is sold, that's for me. And also
you need my consent to do that, and that means
that they're protecting themselves because they've got this massive loan.
But you can actually also register a caveatool, which might
(27:10):
make you feel a little bit more protected. I would
also not have joint finances. Yeah, see how, I'm like, No,
it's all personal. Sorry, we don't have joint finances. When
we're going through things like this, you need to financially
protect yourself and set yourself up securely. You have your
own emergency fund, you have your own banking access because
otherwise you're both potentially going to be impacted by this
(27:33):
even more than you think. And then obviously we will
put a whole heap of resources in the show notes.
We will put resources to gambling help online, the National
Debt Helpline, which we are obsessed with. And I would
honestly want to talk to a family lawyer and also
a counselor yeah, and go from there.
Speaker 4 (27:50):
But sending you both lots of love.
Speaker 5 (27:51):
I think it's really great that you want to support
and it's great that you're thinking about protecting and I'm
sure that there are lots of options and resources out
there that are available to help you.
Speaker 1 (28:00):
But you about our community also helped, which is obviously
my favorite part. Like our community is so beautiful. We
asked them first, like we had a few questions. I said,
has your partner or someone you loved ever struggled with gambling?
And you know what, I'm glad to say that. Seventy
seven percent said no, but fourteen percent said yes, a
family member, and nine percent said yes, my partner. What
(28:22):
would you do in this situation? So forty four percent
said legal agreement to protect aussets, twenty four percent said
separate finances completely, another twenty four percent said control access
to money and credit cards, and eight percent said give
them a last chance ultimatum. We obviously then went to
the community and said, hey, like, what's your two cents?
(28:42):
But I want to just shout out really quickly first
how bloody beautiful our community is. Because we got so
many messages of support and messages of like, hey, I'm
going through that as well. It's really common. And I
obviously can't spend the whole episode reading all of those
out because whilst if they're not answering the question, so
I didn't want to go through them too much, but
(29:04):
I'll read out one that I thought hit the nail
on the head, she said, sending this listener a hug.
They sound like an absolute boss babe, tackling all that
life throws at them. Maybe yeap nailing it And then
getting into the advice our community. First person said, lock
things like your ID and credit report to avoid going
on to loans without your knowledge. Another person said, organize
(29:27):
a post nup. If he can see that he has
a problem, he will be happy to sign. Another person said,
I went through drug addiction and wish my partner at
the time had taken control of all my money, which
is kind of true. But then it also and.
Speaker 4 (29:42):
Like it puts a burden on the partner.
Speaker 1 (29:44):
It's not just a burden, it's also like addiction is ugly,
Like addiction is, it brings out the worst in people.
It does not let you shine. And if you put
a caveat over somebody who has an addiction, you're creating
even more friction in that relationship. And I'm not saying
don't do it, because I think it can be really
(30:05):
constructive and obviously in a lot of these situations is
for the best. But like, if I have an addiction
and you're withholding something from me, Jess, I'm not happy
with you, and I'm consistently not happy with you, and
we are going to argue about it, and I'm going
to beg you for it, and I think that we
need to use that option with a little bit of leniency,
which is why my first board of call is always
(30:26):
protect yourself, have your own funds, have access to your
own emergency fund. Next one is a two parter. So
someone said this happened to us. I had to take
over all our finances and he had no access to
it at all, and then said, not even spending money
because twenty dollars cash could still be gambled, and ultimately
(30:46):
he really appreciated it. Next person said, as much as
you love someone, they have to choose to be clean
from any kind of addiction for you and for your
family's benefit. Another person said, same page as me, caveat
your he to stop it being disposed off without your agreement.
And the last one I'll share is unfortunately, I'm currently
sorting out my own gambling addiction. It is a very
(31:08):
messy and slippery slope. So people in our community are
going through this. This isn't something that is Oh, that's
so uncommon. I only heard of gambling on the end
of the you know, the sports bad ads it happens
a lot and it's heartbreaking, but like, also good on
you for tackling it.
Speaker 4 (31:25):
Yeah, full it takes a lot of strength.
Speaker 1 (31:27):
Yeah to me, Like I'm actually going through this right now,
and it's a bloody slippery slope.
Speaker 3 (31:32):
The isolation you might feel if you are in this
and you're like you've got an addiction, but then these
helplines and stuff exist because there are so many you're
not alone and just really quickly. The other thing is
that I've been listening to Alan Khar's Easy Way, which
is about vaping and smoking, but it's a really good
way to make you see what you're doing in a
completely different light, because like telling you that it's bad
for X y Z reason doesn't actually do anything. It's like, yeah,
(31:56):
I know that, you know, but it's like when you
when you're like I'm going to keep doing it, but
I'm going to slowly seeing it differently.
Speaker 2 (32:01):
I don't know, maybe that'll be helpful.
Speaker 3 (32:02):
Bit just like kind of maybe listen to that, which
is absolutely not about gambling. Maybe they have a gambling version,
but just like change the word vaping or smoking to
gambling way while you listen, and maybe that'll be helpful.
Speaker 2 (32:15):
I don't know, but yeah, oh my love.
Speaker 1 (32:17):
Yeah yeah, And I think that that is a perfect
place to leave at my friends. So we will see
you right nearly on Monday for a money diary. But
have the best weekend. Bye, guys.
Speaker 6 (32:27):
Hie did buy shared on She's on the Money is
general in nature and does not consider.
Speaker 1 (32:38):
Your individual circumstances.
Speaker 6 (32:40):
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 1 (32:47):
If you do choose to buy a financial.
Speaker 6 (32:49):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 1 (32:52):
Advice tailored towards your needs.
Speaker 6 (32:54):
Victoria Divine and She's on the Money are authorized representatives
of Money Shower p T Y L t D A
b N three two one six four nine two seven
seven zero eight a F S L four five one
two eight nine
Hello, and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It is
our favorite day of the week because we get our
team together to celebrate you. How beautiful She's on the
Money community ms Jascarrici, she's here and she's going to
be sharing her favorite money wins and confessions from the
She's on the Money Facebook group. Miss Bech Sayed is
(00:32):
here and she is back with a number of very
good broke tips. And this week we're going to be
helping to answer a money dilemma, which is about whether
opening a joint investment account is a good idea and
something that you slid into our dms about how to
protect yourself when your partner has a gambling addiction, which
I think is a really important one to talk about
(00:52):
before we get there. How have your week's been, Miss
bechs Sayed.
Speaker 2 (00:55):
My week has been lovely.
Speaker 3 (00:57):
I'm back home and I know that a lot of people
get like post holiday blues, but I get post holiday
elation because.
Speaker 4 (01:06):
I think that I thank you.
Speaker 3 (01:08):
It's just like and I don't really have a routine,
but I just think like not having to have like
dirty clothes in your bag and.
Speaker 2 (01:15):
Just like things are organized again.
Speaker 3 (01:17):
Also, being away from my friends for a week is
actually really hard. I know it sounds silly, but it
is really hard to not see people for that long.
Speaker 2 (01:26):
It's only a week.
Speaker 3 (01:26):
I don't know how I go traveling longer, but for context,
I just came here from one week holiday in Thailand.
I could see myself going back, but not for a
long time. I think I need to clean on my
clothes and just get organized again.
Speaker 2 (01:37):
But no, really good week. What about you good?
Speaker 4 (01:40):
I'm very jealous. I'd love to go to Thailand. It's
on my list. But I have been just getting into
the Halloween spirits.
Speaker 1 (01:46):
Yeah why sure, you guys know she's been sending me
dms about Halloween purchases.
Speaker 4 (01:54):
Yes I have. I did start because that's when all
the good stuff comes out. You got to get it
all so cute.
Speaker 5 (02:00):
But yes, I like to get, as you guys know,
as much mileage out of my celebration.
Speaker 1 (02:03):
And the second Halloween is done, I believe she puts
her Christmas tree.
Speaker 5 (02:06):
Up absolutely, so we're getting a full month and a
half of the Halloween goodness.
Speaker 1 (02:11):
Yeah no like, no no shade, no judgment. I love
this for you. Also, Jess always makes Halloween treats and yes,
spooky treat We love you for us forward. Yes, yeah,
I mean that's my highlight of the week is knowing
that Jess is planning all of her holiday treats. I
would like to request those spiders that you made last year.
Oh yeah, like the ones with the noodles, the noodle
(02:31):
chocolate spider things. They were a ten out of ten.
Think you put sprinkles on them, and the sprinkles were
very well placed but also very delicious. So yeah, every
year literally just does that. Now I can't think about
anything except for the fact that she made these awesome
chocolates that one time. My week has been chaotic. Honestly,
I feel like it's already December. I know it's not.
(02:52):
It's September, but like it feels like December at this
point in time, and I just I feel like this
year's gotten away from me. If you said, oh, yeah,
it's March thirty first, and I was a little bit tired,
I would not blink yeah, like I'd be like, yeah,
of course it is.
Speaker 4 (03:06):
That's so funny, do you know what I mean? Like
gone weird? This year?
Speaker 1 (03:10):
Time is absolutely flying and that's so good, but like
so chaotic and like we're still living at the beach
and like driving back up and down, So it's quite
quite a lot. But that's not a complaint. So should
we do a little five star review before we get
into their breake tips and your money wins? Yes, alright,
sit down, strap in, because we have one from Megan.
(03:32):
Meghan says, I'm an OG listener, but I'm still learning.
I've been listening since the first episode was launched, and
often refer back to old episodes even after all bes years.
Such an easy to understand way of learning about finances,
excepting where you are out and creating a plan to
move forward. Highly recommend to anyone wanting to make a
difference and set themselves up for success. Geez, yes, are
(03:54):
so nice, but please don't go back and listen to
the old episodes. I'm a changed person in the paris
of those episodes.
Speaker 4 (04:02):
Theres some gems.
Speaker 1 (04:03):
Yeah, you're nice, but like you weren't on the first season,
so you didn't have to go through the like trial
by fire of not knowing what the heck you were
doing and sitting on the floor with a microphone and
a sock. But and like, I just feel like the
quality of the first few episodes just isn't what it is. Now.
Speaker 4 (04:20):
We've grown, you know, and that's good being pe sock.
Speaker 1 (04:22):
Yeah, we've glowed up.
Speaker 2 (04:24):
Yeah, that's cool.
Speaker 1 (04:25):
We're proud of where we've come from.
Speaker 2 (04:26):
I'm proud of where you've come from.
Speaker 1 (04:28):
Yeah, I would be too, honestly looking at that journey anyway.
With Jessic Gorici, what are your money wins and confessions?
Speaker 5 (04:33):
Alrighty mostly this week, I've got one from Lauren, who
said she put her health insurance into AI and asked
it to help her make the most of her cover.
It helped her to figure out what appointments she should
book to ensure that she's getting the most out of
her money for you know, obviously you pay for cover,
but people don't always use everything. So she said that
it gave her like a really good breakdown of what
(04:55):
she should use and what she could do and with
all the different things from a premium, I thought it
was very clever. Next, I've got a money win from Kristen,
who said her twelve year old microwave had a recall
on it, so you're getting a brand new one.
Speaker 2 (05:06):
Oh my god.
Speaker 1 (05:06):
Cool.
Speaker 2 (05:07):
Would we love wild after twelve years?
Speaker 1 (05:09):
Is that crad that's actually insane. I would have thought
that it was out of warranty, But if it's a
safety issue, I guess they're responsible forever, not just like, oh,
it died, which is kind.
Speaker 4 (05:18):
Of nice to know that. That's makes me nice years
to check it it. Next, I've got a.
Speaker 5 (05:23):
Money win from Jessica, who said she's excellent name scored
her fourth too Good to Go surprise bag for Baker's Delight.
She said, ten dollars for so many items, and what
she's done is she's popped them aside for school lunches.
Speaker 1 (05:36):
For the week.
Speaker 4 (05:36):
That's actually sight, which I always genius.
Speaker 1 (05:39):
I now have an eighteen month old who is absolutely
obsessed with the Apple Scrolls Bakers. Yeah, and like it
makes sense if I'm at the supermarket or whatever and
I'm like, oh, I need to get Harvey like an
afternoon snack, and I don't want to like get him
a sugary whatever. I feel like an Apple Scrolls mainly
bred and like the anyway he flaps his arm. She's
(06:00):
so excited, like like as we walk up to Baker's Delight,
and it's now become a thing because I buy my
like just daily bread. There he like looks at it
and flaps his hands, and I'm like, how do I
not like, how do you not get in the little scrut? Like, guys,
can you please start making mini versions because like an
eighteen month old holding this scroll, but he knocks the
whole thing off. I don't know how.
Speaker 2 (06:22):
Oh my god, so excited.
Speaker 5 (06:24):
Anyway, we love a little bakers size treat absolutely. Next,
I've got a money in from Anna, who said a
friend of hers is moving out for the first time
and they ask for help with budgeting, so she sent
them that she's on the money budget, which her and
her partner loved. And so now her friend is listening
to the audio book she's gotten up based on her
suggestion to help with the budget breakdowns, and she's asking
how to work out all of the best for the
(06:45):
utilities for the new place. And Anna says she loves
being able to share what she learned through she's on
the money with her friends.
Speaker 1 (06:52):
Gogea power of women. See I've never met a woman
who's been empowered that hasn't then gone on to empower
other women.
Speaker 4 (06:59):
Go forth and the good word.
Speaker 5 (07:03):
And then lastly, this week, I've got a money win
from Sheila, who said she swapped her prepaid plan to
Boost and got their one year of data for two
hundred and fifty dollars, plus.
Speaker 4 (07:13):
She got thirty two dollars lush back.
Speaker 5 (07:15):
Her current prepaid plan is thirty five dollars a month,
so she'll save around two hundred bucks a year.
Speaker 1 (07:19):
That's such a good deal. Yeah, that's a great money win.
Speaker 4 (07:21):
Yeah, that's it.
Speaker 1 (07:23):
I love that. When it comes to broke tips, what
are you going to put on the table?
Speaker 3 (07:28):
Well, actually, really quickly, the chat GPT or AI thing
reminded me, this isn't a broake tip.
Speaker 2 (07:32):
This is a free one from back your broke.
Speaker 1 (07:35):
Tip though, just tip, just tip.
Speaker 2 (07:37):
My girlfriend uses chatty.
Speaker 3 (07:38):
I don't use chat gpt for environmental but the way
I said, I'm like, if I'm not using it, that
frees someone else up to use it. But anyway, I
don't know if that's how it works. But my girlfriend
uses it to get like meal plans done because she
used to pay like eighty bucks a week for a
meal plan and.
Speaker 1 (07:51):
So now she just asks chat geept and they do
it also.
Speaker 3 (07:54):
Smart and then she says, organize this into a shopping
list and it does.
Speaker 1 (07:57):
Stop her crazy. I Actually I love the fact that
AI can help us in such a good way. Yeah,
I know, there's like a whole host of like environmental
conversation to have around this, and on our investing episode. Actually,
I did an investing episode a couple of weeks ago.
I recorded it with Brooke and we're talking about like
shares that we were following, and I was talking about
(08:18):
an investment that is essentially creating AI opportunities without the
environmental impact, and that would be really exciting. But yeah,
I find it so helpful the fact that you could
go do like a really fancy meal plan that you
were paying so much for before, basically for free. Totally
like the idea that we can kind of upgrade and
glow up our lives on our own. Oh so good.
Speaker 3 (08:41):
Yes, Like it takes a bit of that mental load, absolutely,
and it's like if it's free, you know, And sorry,
women already have so much mental load.
Speaker 1 (08:48):
Yeah, Like I know that there's environmental impacts, but right
now we're just girls and we're just doing what we can.
Speaker 5 (08:54):
Yeah.
Speaker 2 (08:54):
Fully, so I think it's great.
Speaker 3 (08:56):
So as for broke tips, the first one comes from
Marie Maurice's Cinemas members can enjoy ten dollar movie tickets
at Events Cinema at the Moment, which really reminded me
that this week I went to Lido.
Speaker 1 (09:08):
Or I Love The Leader in Hawthorne. It was like
five dollars for a ticket and then vegan. It's made
with coconuts, go and salt, and it is so good.
Not that I'm vegan anymore, but I feel like I
have the responsibility that as a past vegan, I should
share all the vegan hacks and tips and tricks. They
do a vegan chock top.
Speaker 4 (09:26):
Yeah, they do Billy Van creamy.
Speaker 1 (09:29):
Oh my god, I love That's a great day.
Speaker 2 (09:32):
It's my favorite ice cream shop. And they do a vegan.
Speaker 1 (09:35):
Chuck top exactly right.
Speaker 3 (09:37):
They also do ten dollar popcorn and drink, which I
feel like is a bargain.
Speaker 1 (09:40):
Very good. They're very reasonable and very reasonable if you
go to The Leader, I believe once a month on
a Wednesday, they do comedy.
Speaker 2 (09:47):
Oh course, so cute, right, and it's a really cool
cinema as well.
Speaker 1 (09:50):
Gabby, who used to work for us, still goes to
comedy on like a Wednesday night occasionally, like really cheap
tickets because it's like local comedians and just like so cute.
That's a very little maybe date night for broke down
maybe day night.
Speaker 2 (10:04):
Thank you.
Speaker 3 (10:05):
The sex one come from someone named Jess, who also
is my girlfriend.
Speaker 1 (10:11):
We've got a Jess on the show. You had a
money win from a Jess. A Jest now who is
your girlfriend? Who is going to give her a broad
tip because you always steal her stuff?
Speaker 3 (10:21):
It is so she sent me this reel of this
girl who was showing us a Tony chocolatey Aldi version
that like four dollars.
Speaker 2 (10:29):
I think your choco changer.
Speaker 1 (10:31):
Yes, but isn't it made by the.
Speaker 2 (10:34):
By Tony stuff? And it's four dollars?
Speaker 1 (10:36):
That's a money win. I can't remember the last time
a chocolate was under five dollars. I know you guys.
Isn't it insane the fact that a block of chocolate
now has to crack a note to me, that's crazy.
Sorry that his eight dollars absolutely not that great crazy
but like five and stuff? That to me is insane
because I don't buy blocks of chocolate, like that's just
(11:00):
not how I'm going to do it, because I will
buy the family sized pack of like what are they
fun sized caramel like Wallace and smash all them. I'm
not going to waste it on a block, like sure, no,
that's not my circuit CARAMELI block. But if I'm cooking,
I'm like, oh okay, I'll buy like a block of
chocolate to spreader off the top of my caramel slice.
Speaker 4 (11:16):
Well, I use it for a Rockie Road now.
Speaker 1 (11:19):
For the office, or baking for friends, or baking for family,
or even just baking for your mental health is now
as much as therapy anyway.
Speaker 2 (11:28):
So my one my boat tip, it's called Wonky Coffee.
Speaker 3 (11:31):
I saw like a real on Instagram, and basically their
whole purpose is to reduce waste, but they do focus
on like coffee, so like espressopods and things like that.
So you might find like a box of one hundred
and espressopods. It's not super cheap, it's like between sixty
five to seventy five dollars, but I know that the
espressopods are like they can be up to like one
hundred dollars for a one hundred pack.
Speaker 1 (11:51):
You know that's actually insane to me. Yeah, like the
idea that at like and I've never owned an espresso machine.
So maybe people who do can correct me. But like
when I the maths on it, I was like, this
is astronomical. Like I used to have the Audi coffee machine, which,
by the way, slaps their coffee amazing, the purple one,
the best one. Can't remember what number that is. But
then also I like upgraded. I had a Snag one,
(12:13):
but then I could buy the Levatza Pods. The Levatza
Pods good coffee, but also much cheaper than Espresso. Still
like I just yeah, okay, like don't get me wrong,
Like could I technically buy it and not be financially
impacted that much? Yes, I could. It's not the bloody
point though. I hate when things take the piece.
Speaker 3 (12:31):
I know, Like well, and that's why I guess it's
good because it's like, you know, you might get a
bag of coffee beans that are just like could have
been thrown out. I know, that's kind of like compost
it's a bit different, but in Espresso pods, it's a
box of one hundred that are just like random ones
that have been It's like a lucky dip sort of situation.
It's like all the ones that are kind of not
going to be used or maybe thrown out or something.
Speaker 2 (12:51):
They'll kind of like box it up and.
Speaker 4 (12:53):
Their still in day and stuff.
Speaker 2 (12:54):
They're yea all good, they're still good. They're just like bonky.
Speaker 1 (12:58):
I kind of like that. It's like the odd Bunch
at the supermarket. People buy from the odd Bunch. I
believe Coles and Willies have their own version of like
the odd Bunch, But I always buy like my carrots
and my lemons and stuff that I'm like, sorry, it
doesn't matter if the carrot's wonky, like you're gonna cut
it up anyway. And lemons, I'm sorry, lemons are already expensive.
(13:21):
I'm gonna buy the odd bunch, like, I don't care
if it's got a brown spot on the outside. The
only thing I won't buy that has brown spots is bananas.
Like sorry, if there's a brown spot on a banana,
immediately canceled. That's immediately going too banana bread. Wow.
Speaker 3 (13:35):
I only eat brown spotted bananas.
Speaker 4 (13:39):
Ripeness is highly divisive.
Speaker 1 (13:43):
Eat brown spotted bananas.
Speaker 2 (13:45):
I like an old old banana.
Speaker 1 (13:50):
Is almost green criminal. I jess, like, you know, just
when you buy the banana, I usually buy them and
they've got like the little green tips and then the
next day, the second the green has gone, they're edible,
and then a few days after that once they start
to brown, I'm sorry, that's gone to God. It's actually
no longer my responsibility, Like my digestive system says no, Wow,
(14:14):
would anything bad happen if I ate it? Absolutely not.
I taste so good it gives me the ick. No,
it doesn't taste good.
Speaker 4 (14:20):
Sweeter I would say it's much more banana. I think
the riper. It's the more like strap banana.
Speaker 2 (14:25):
That's a banana.
Speaker 1 (14:26):
I do have a baby, and at the moment he's
not that picky. I know things can change, but at
eighteen months old he will take any banana. So he
gets the bananas with the brown spots, taking one for
the team.
Speaker 2 (14:38):
You're raising a brown spotted banana kid. I think he'll change.
Speaker 1 (14:44):
I think he'll become a picky eater like miss jessic Ricci,
and we.
Speaker 2 (14:48):
Can only hope.
Speaker 1 (14:49):
What else have you got, Beck?
Speaker 2 (14:50):
Well, that's actually me for today.
Speaker 1 (14:51):
I love that for us. Let's go to a really
quick break because we're going to talk about whether opening
a joint investment account is a good idea. On the
other side, and something that you slid into our DMS
about which I think is a very good conversation to have.
How to protect yourself when your partner has a gambling addiction,
so guys, don't go anywhere.
Speaker 4 (15:12):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 6 (15:18):
Hi. There, have you got a money dilemma you just
can't solve? The She's on the Money team is here
to help. Every week, we tackle your dilemmas, both big
and small, to answer your most burning money, career and
life questions. To get involved, simply head to our website
and leave us a short voice recording and you might
just find yourself on the show. Now, let's take a
listen to this week's money dilemma.
Speaker 7 (15:41):
Hi, friends, I'm wanting some advice on investing as a couple.
I currently invest on shares us by myself, and we're
not really ready to go to a financial advisor just
yet to start investing, but we do want to get
started on investing in some sort of way. Ideally, we'd
like to micro invest, but jointly in both of our names, somehow,
(16:03):
almost like a Charesias that we both have access to,
like a joint account. I don't know if there's an
app like that, or there's some other way that we
can do it where we both have access to it.
Any advice would be amazing, though, thank you.
Speaker 5 (16:17):
Ooh yes, I mean I haven't looked into it, so
I really don't know if something like that is. My
best guess would be I thought that shares had to
be held under a singular name. I could be wrong
about that. Like, if it was me personally, I would
just say, we'll both have accounts. We can invest in
the same things if we want them to look exactly
the same. If you're saying you want a micro investor,
(16:38):
you can turn on your round ups, you know, shazys.
There's new minimum investments so you can invest as much
or as little as you want. You can use those
different features like the roundups that want to invest whatever. Yeah,
but yeah, for me, it's it's kind of just not
worth a headache. And I don't really know why you
would feel the need to have it owned jointly.
Speaker 1 (16:55):
Well, you can open a joint investment account, but the
key thing to know here is how ownership is going
to work if things then change down the track, right,
So depending on how the account is set up, you
and your partner might both remain legally tied to that
account if you don't like sell everything down. Even after
a breakup. A lot of the time you're not actually
able to just drop one person's name off the account
(17:18):
and have the other person just continue to own the
investment on their own, which can be really frustrating because
you're like, well, I don't want to incur capital gains
taxes or have to pay a whole heap of money
or even sell a good investment just because I went
through a breakup. So this means you'd either have to
continue owning the investment together or agree to sell it
and then split the proceeds. So before jumping in, I'd
(17:38):
really look at the account type, then how it's set up,
and what that would actually mean if you separated in
the future. It honestly might be easier for the future
if you did what Jess suggested and just like held
separate accounts. Is there anything else do you think you
want to add better?
Speaker 3 (17:54):
I think you've got to handle on it into this spece.
Speaker 1 (17:57):
You dam god. So I'm excited for this one, but
I'm also like not excited in the same way. Oh
my god, I'm so happy to do it. I'm like, Okay,
we actually need to talk about this because I feel
like it's come up a few times in our community recently,
whether it's something that you've discovered about your partner or
it's something that you've known about, but it's kind of
starting to blow out of proportion and impact your life.
(18:19):
So here's our DM high she sheeese. On the money,
I have a money and life dilemma. I recently found
out my husband has been fired from work due to
a gambling addiction. This is not the first time he's
had this problem, and we are trying to get him
the help he needs. However, I'm wanting to protect myself
and our house so that he's unable to use it
as collateral in the future. What would be the best
(18:41):
way to do this? And I'm also wanting to know
what the community would do in this situation.
Speaker 3 (18:48):
I'm curious about how it must be quite significant if
he lost his job, because you know, I, for example,
like I'll play a multi on sports Bear, but it's
like nothing that any employee would have known about.
Speaker 2 (18:59):
Like I have to have blending.
Speaker 1 (19:01):
I've heard of it before where people are like gambling
addiction isn't something that like, you know, you're placing like
a little multi at lunchtime. That's like and that not
just something for you. They are tracking like the horses
or the dogs or something all day every day day.
They're at work and they're placing bets on work computers
and they're not doing their hours because they're distracted by something.
(19:22):
So it wouldn't have been and like this is just
me extrapolating it out. Maybe they're gambling on work stuff.
Who knows, there could be six million things, but it's
very unlikely that your workplace found out you had a
sports bet account and goes, oh, that's not in line
with out knows, Yes, that's nothing to do with it.
It's more about that would usually impact your role. Okay,
that makes so much what you seak off to the
bathroom every five minutes to place multi? Do you know
(19:44):
what I mean? Like, so they're not firing you because
you've got a gambling addiction. They're firing you because you've
got your need ability to do your job. Oh my god,
totally Okay, so this is the underlying reason would be
like cool, it's your gambling addiction. That's what you're doing
the bathroom.
Speaker 3 (19:57):
Yeah, yeah, that's so fair. That is a really really
tricky one. And I'm it sounds like you're very supportive,
and that is really really nice because addictions, man like
it is so like it doesn't make like, you know,
I've got a vaping addiction, you know, like I and
and if someone says you can't vape, then all I
can think about is vaping. But I don't think about
it before then, just like when someone says you can't
(20:18):
do it or something like that. So it's like your
mind just manifests things in so many different ways, and
you become addicted to things just for no reason. Like
I'm sure he didn't go into this thinking he would
be at this point, but it sometimes takes over and
and so it's really good that you're supporting him and
he's trying to get the help he needs.
Speaker 1 (20:39):
So it's really lovely because a lot of people would
be like, get out of my house. I don't want
to have anything to do with.
Speaker 6 (20:44):
You, I know.
Speaker 3 (20:44):
And I think that if it's to the point where
it's like affecting your like it feels very black and white,
like if if someone gambled away your money or your car,
or your shared things. It's like the black and white
version of that is you're awful, why would you do that?
Speaker 2 (21:01):
And then the gray area is like.
Speaker 3 (21:04):
You are really like you don't you probably aren't a
bad person, like, but imagine being so you know, like
you can't see anything else, Like it kind of takes
that part of you away, the part of you that's
like I would literally never gamble away my partner's car.
It takes that away from you, Like it's like you,
it's just it's a it's a beast, it's a monster.
It's like uncontrollable. So like an addiction is an addiction,
(21:26):
you know. So I'm like, I really feel for this
person and the family and our listener. So it's really
good that you're getting support. Unfortunately, there does. It does
get to a point though, where it's like you love
someone so much, but you can't be around it if
there's not any.
Speaker 2 (21:40):
Progress, I really don't.
Speaker 3 (21:42):
I really don't have any useful advice other than support
up until a point, and you know, never shame anyone
for what they're going through. But if it gets to
a point where it's really negatively impacting you, then I
think you should maybe think about removing yourself from the situation.
And as heartbreaking as that is, but that's it's not
(22:02):
financial anything that doesn't really help.
Speaker 2 (22:04):
But I think that's what.
Speaker 1 (22:05):
Addiction is really serious, and it's really heartbreaking, and sometimes
you can try all you might and it just not
be successful. It blows my mind how much it can
impact families, and it just it literally breaks my heart. Jess,
what would you do?
Speaker 4 (22:22):
It's so hard.
Speaker 5 (22:22):
I want to send lots of love to our listener
and to her partner because exactly as you said, Beck,
it is such a monster all of its own, and
you know the flow on impacts beyond financial. I think
gambling is such a slippery slope. We did a really
good episode on gambling quite a few years ago now
that will link in the irrelevant irrelevant along with some
gamblers help resources for anyone who's got someone that they
(22:44):
know if yourself maybe need a little bit of help,
there's absolutely no shame in that.
Speaker 4 (22:47):
We'll link to some things that you might find.
Speaker 1 (22:49):
Useful, no no like, and I guess to context yours
that you said before, like you've got a vaping addiction.
I have an addictive personality and I am just very lucky.
I think to have always known that I've had an
addictive personality, and so therefore I've had to say no
to a lot of things in life because I'm like, no,
I won't try that, because I kind of know that
(23:11):
that's a slippery slope for me. Like I know a
lot more about my personality than a lot of people do.
And no, I didn't try smoking when I was younger
because I kind of knew that it would become a thing.
Like I was just like, I know the peer pressure
is going to get to me, but no, I'm going
to say no here because like I just kind of
knew that that would become an issue for me. And
(23:34):
like I think in every other and addiction can show
up obviously very negatively, but I think it can also
have a very good impact on your life. If you
are the type of person like me where you've got
an addictive personality, good luck stopping me from running my businesses.
Good luck stopping me When I have an idea or
want to do something, ask poor Jess. I'll be like
I want to do this, and Jess, we'll be like, no,
(23:55):
we're not doing that, and I'd be like, weird, because
I'm gonna do it anyway, not something that you're inherently
a bad person. It's just something that you really struggle with,
and like there's so much research around it. I mean,
Roy Morgan did some research that looked at the rate
of online sports betting in ages eighteen to twenty four,
so still just babies, and it showed that already out
(24:16):
of those people, likely one in four would develop a
serious gambling problem on a sports betting app. Yeah, it's
very common.
Speaker 5 (24:24):
Yeah, So to answer the question about protecting your assets,
I would say you need to seek legal advice because
I think it'd be quite complicated when you're married, because
that de facto element comes in where even if you
were to move the asset out of his name. So
my best guess would be you probably need to take
him off the title for the property, but not an expert.
Speaker 4 (24:42):
Definitely speak to someone who is.
Speaker 1 (24:43):
That's good advice and just to like collaborate with your response.
You absolutely can do that. Legally, the problem will be
stamp duty, and I'm assuming that if it's a financial issue,
we don't have a heap of money to throw at this,
and we don't need to pay stamp duty on fifty
percent of your property. Yeah, so I've got an answer,
but like that great response. Yes, could absolutely do that,
(25:05):
but it might be expensive.
Speaker 5 (25:08):
Yes, which is why I would kind of say, get
speak to someone who can kind of look at your
situation holistically in advice as best, because I think there
are so many exactly except there's tax, there's all of
these different things. There are legalities regarding like even if
something's not in someone's name, they're still entitled to a
portion of it, often under de facto. So I would
be seeking like some form of legal counsel. I think,
(25:28):
so someone who can look at it and look at
the situation give you a recommendation as to what will.
Speaker 4 (25:34):
Be best to protect the assets.
Speaker 5 (25:36):
Yeah, I think that Sometimes it's annoying, Like I know
that you might not want to front the money, but
I think sometimes the best thing you can do is
invest in good advice that can.
Speaker 1 (25:45):
Really see ali you. Yeah, see a lawyer. Absolutely. So
you could also change your contract depends how it's been done,
but adjusting your title from joint tenants to tenants in common.
So instead of being like equal but also equally responsible
therefore equally accessible, you would limit it by shares, so
(26:05):
your fifty percent would be more protected. That's going to
save you a bit because you don't have to pay
stamp duty and stuff for that. But the one thing
that I would want to do, like if I was
really worried and I didn't want to pay stamp duty,
I would go and talk to a lawyer about registering
a caveat on the property, which means it cannot be used.
And this again not legal advice, just what I've seen
other people do, and you need to go talk to
(26:27):
your own lawyer, but registering a caveat, which is a
legal notice that is lodged against the property through your
state's land Titles office, and what that does is stops
it being sold or used for security without your consent.
And so it's not something that usually individuals register. But
like right now, I own a property, but because I've
got a mortgage, my bank has a caveat over the
(26:50):
top of that mortgage. Meaning I can't go sell my
property to Beck and then she gives me the cash
and I keep it. They've got a caveat that says
if this property is sold, that's for me. And also
you need my consent to do that, and that means
that they're protecting themselves because they've got this massive loan.
But you can actually also register a caveatool, which might
(27:10):
make you feel a little bit more protected. I would
also not have joint finances. Yeah, see how, I'm like, No,
it's all personal. Sorry, we don't have joint finances. When
we're going through things like this, you need to financially
protect yourself and set yourself up securely. You have your
own emergency fund, you have your own banking access because
otherwise you're both potentially going to be impacted by this
(27:33):
even more than you think. And then obviously we will
put a whole heap of resources in the show notes.
We will put resources to gambling help online, the National
Debt Helpline, which we are obsessed with. And I would
honestly want to talk to a family lawyer and also
a counselor yeah, and go from there.
Speaker 4 (27:50):
But sending you both lots of love.
Speaker 5 (27:51):
I think it's really great that you want to support
and it's great that you're thinking about protecting and I'm
sure that there are lots of options and resources out
there that are available to help you.
Speaker 1 (28:00):
But you about our community also helped, which is obviously
my favorite part. Like our community is so beautiful. We
asked them first, like we had a few questions. I said,
has your partner or someone you loved ever struggled with gambling?
And you know what, I'm glad to say that. Seventy
seven percent said no, but fourteen percent said yes, a
family member, and nine percent said yes, my partner. What
(28:22):
would you do in this situation? So forty four percent
said legal agreement to protect aussets, twenty four percent said
separate finances completely, another twenty four percent said control access
to money and credit cards, and eight percent said give
them a last chance ultimatum. We obviously then went to
the community and said, hey, like, what's your two cents?
(28:42):
But I want to just shout out really quickly first
how bloody beautiful our community is. Because we got so
many messages of support and messages of like, hey, I'm
going through that as well. It's really common. And I
obviously can't spend the whole episode reading all of those
out because whilst if they're not answering the question, so
I didn't want to go through them too much, but
(29:04):
I'll read out one that I thought hit the nail
on the head, she said, sending this listener a hug.
They sound like an absolute boss babe, tackling all that
life throws at them. Maybe yeap nailing it And then
getting into the advice our community. First person said, lock
things like your ID and credit report to avoid going
on to loans without your knowledge. Another person said, organize
(29:27):
a post nup. If he can see that he has
a problem, he will be happy to sign. Another person said,
I went through drug addiction and wish my partner at
the time had taken control of all my money, which
is kind of true. But then it also and.
Speaker 4 (29:42):
Like it puts a burden on the partner.
Speaker 1 (29:44):
It's not just a burden, it's also like addiction is ugly,
Like addiction is, it brings out the worst in people.
It does not let you shine. And if you put
a caveat over somebody who has an addiction, you're creating
even more friction in that relationship. And I'm not saying
don't do it, because I think it can be really
(30:05):
constructive and obviously in a lot of these situations is
for the best. But like, if I have an addiction
and you're withholding something from me, Jess, I'm not happy
with you, and I'm consistently not happy with you, and
we are going to argue about it, and I'm going
to beg you for it, and I think that we
need to use that option with a little bit of leniency,
which is why my first board of call is always
(30:26):
protect yourself, have your own funds, have access to your
own emergency fund. Next one is a two parter. So
someone said this happened to us. I had to take
over all our finances and he had no access to
it at all, and then said, not even spending money
because twenty dollars cash could still be gambled, and ultimately
(30:46):
he really appreciated it. Next person said, as much as
you love someone, they have to choose to be clean
from any kind of addiction for you and for your
family's benefit. Another person said, same page as me, caveat
your he to stop it being disposed off without your agreement.
And the last one I'll share is unfortunately, I'm currently
sorting out my own gambling addiction. It is a very
(31:08):
messy and slippery slope. So people in our community are
going through this. This isn't something that is Oh, that's
so uncommon. I only heard of gambling on the end
of the you know, the sports bad ads it happens
a lot and it's heartbreaking, but like, also good on
you for tackling it.
Speaker 4 (31:25):
Yeah, full it takes a lot of strength.
Speaker 1 (31:27):
Yeah to me, Like I'm actually going through this right now,
and it's a bloody slippery slope.
Speaker 3 (31:32):
The isolation you might feel if you are in this
and you're like you've got an addiction, but then these
helplines and stuff exist because there are so many you're
not alone and just really quickly. The other thing is
that I've been listening to Alan Khar's Easy Way, which
is about vaping and smoking, but it's a really good
way to make you see what you're doing in a
completely different light, because like telling you that it's bad
for X y Z reason doesn't actually do anything. It's like, yeah,
(31:56):
I know that, you know, but it's like when you
when you're like I'm going to keep doing it, but
I'm going to slowly seeing it differently.
Speaker 2 (32:01):
I don't know, maybe that'll be helpful.
Speaker 3 (32:02):
Bit just like kind of maybe listen to that, which
is absolutely not about gambling. Maybe they have a gambling version,
but just like change the word vaping or smoking to
gambling way while you listen, and maybe that'll be helpful.
Speaker 2 (32:15):
I don't know, but yeah, oh my love.
Speaker 1 (32:17):
Yeah yeah, And I think that that is a perfect
place to leave at my friends. So we will see
you right nearly on Monday for a money diary. But
have the best weekend. Bye, guys.
Speaker 6 (32:27):
Hie did buy shared on She's on the Money is
general in nature and does not consider.
Speaker 1 (32:38):
Your individual circumstances.
Speaker 6 (32:40):
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 1 (32:47):
If you do choose to buy a financial.
Speaker 6 (32:49):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 1 (32:52):
Advice tailored towards your needs.
Speaker 6 (32:54):
Victoria Divine and She's on the Money are authorized representatives
of Money Shower p T Y L t D A
b N three two one six four nine two seven
seven zero eight a F S L four five one
two eight nine
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