July 10, 2025 • 42 mins
It’s the finance hot take that’s everywhere right now, but is your partner really the biggest financial decision you'll ever make? This week, we’re taking a closer look at the money-meets-love dilemma that’s dividing the internet, and our community. What happens when you're a budgeting queen with big goals, and they’re... just not? Is financial compatibility a dealbreaker, or is there more to the story? We also dive into the side hustle stress no one talks about: how to manage money when your “fun little project” suddenly starts making bank. It’s full Friday Drinks energy: slightly chaotic, surprisingly insightful, and the financial group chat you didn’t know you needed.
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 (00:00):
My name's Atasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya
Nianar Kaka yah y and beIN Ahaka nian Our gay
In Mbini yakarum Jar Dominyamiga Umagahawaka Woman Damon imlan Bumba
ban Gadabomba in and now in wakah ghan On yakram
jar water Nadaa. Hello, beautiful friends, we gather on the
(00:24):
lands of the Aboriginal people. We thank, acknowledge and respect
the Aberiginal people's land that we're gathering on today. Take
pleasure in all the land and respect all that you see.
She's on the Money podcast acknowledges culture, country, community and connections,
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:45):
She's on the Money. She's on the Money. Hello and
(01:09):
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 the team together
and celebrate you the incredible. She's on the Money community,
Miss Jess Gricci, She's here sharing our favorite money wins.
Miss beck Sayeed is sharing her broke tips, and we're
going to be helping to answer a money dilemma which
(01:30):
is all about managing money from a side hustle, which
I think is set up perfectly for you this week,
Beck and something you slid into our dams out wait
for it, whether your choice of partner is actually the
biggest financial decision you'll ever make. Anyway, I am excited
to talk about that one, because I don't know. A
man's not a financial plan, but could he be? How
(01:51):
are your wings? My week's think, quid.
Speaker 3 (01:54):
I unfortunately caught the bug that seems to you're doing
the rounds.
Speaker 2 (01:57):
I thought you were about to say I caught the bus,
so I'm sorry, Jess. That's so funny.
Speaker 4 (02:03):
I can just imagine you look like watching you from
behind the bus, like you know, when the bus, kind.
Speaker 2 (02:08):
Of like jumping just running for a bus too. Oh.
Speaker 3 (02:11):
I've definitely running for a bus in my day. Absolutely
so funny. No call the bug that's been doing the
rounds this time of year, I think, which is a
bit unfortunate. I'm just spent the last couple of days
in bed, to be honest, but I've got a lot
of reading done, which was nice. A lot of sleepy
so productive.
Speaker 2 (02:26):
Still confuses me. She messages me and goes, can I
please have a sick day? Sorry? I'm sorry. If you're
having a sick day, you don't ask your boss. You
tell your boss, you call your boss, or you text
your boss and say, hey, I'm not well, I am
not coming in. But miss jessical Riki is like, actually,
really sick? Would it be okay for I don't do work? Yes?
(02:47):
At what point are you going to learn?
Speaker 3 (02:49):
And I know like you would also never say no,
but I just feel like the polite thing to do
is to ask.
Speaker 2 (02:54):
That's a cute when you're like, yes, just take the day.
Speaker 1 (02:59):
Ba.
Speaker 2 (03:00):
Yeah, So do you need some memes? I may help.
That's so sweet, Chief memes ender. How's your way back? Well,
my week's been a little bit wild. Actually.
Speaker 4 (03:09):
I was offered a literally just four weeks of work
at the ABC, which I've always wanted to work always. Yeah,
but I told my boss and she said, well, you
have to resign if you do that, And then I
was like, well it would be against your contract right
for another network it would, And so I don't have
any saying.
Speaker 2 (03:23):
Apparently the opportunity was too good to say no to yes.
I don't have savings.
Speaker 4 (03:27):
I don't have a job lined up after that. I
will be unemployed for sure come August eighth. But I
did resign me so much anxiety that is, okay.
Speaker 3 (03:37):
We're manifesting. You're just going to slay your job so
hard to offer you a full.
Speaker 2 (03:41):
Time surely you are going to run rings around it.
I just know, no, love you, We love you, So
it just makes sense. It's so nice, thank you so much.
Oh my god, you guys so fingers crossed. Honestly, I
don't feel a single bit of stress about it. Maybe
it's just because it doesn't feel real yet. That's correct
when it happens, I might feel stressed. Else Chill, it's
so chill. I love that. So I actually feel really good.
(04:03):
It's been a really good week. And what about UVD.
I have an extra needy dog today. Yeah, we do
video now. And I just think that I don't know
what's gotten into her. I think she just doesn't like
it's been raining a lot today. She just seems to
want to sit on me, and she keeps knocking my
mic out of my hands, and she doesn't have literally
(04:26):
no respect anyway, you can't see her. But like, just
imagine a dog, a very large dog, trying to sit
on my lap and also knock my mic around. Do
you know what, I'm not gonna lie. What do you
mean it's the new financial year? What do you mean
it is July? What do you mean We're in the
second half of the year. What do you mean we're
in third quarter? No, it's crazy. No, I want I
(04:47):
want to do again. I want to repeat. I just
the first six months flew by, and I feel like
it's only just started to hit me and like lame.
But like I had so many plans and I've done
none of them, haven't we all? We're all.
Speaker 3 (04:59):
I feel like everyone's probably in the same boat on
that one.
Speaker 1 (05:02):
I'm going to.
Speaker 2 (05:02):
BALI so like there's something to look forward to. Cool, Yeah,
I know, right.
Speaker 4 (05:06):
But then then it's almost the end of the year,
which means that you have the whole other year.
Speaker 2 (05:10):
Next month is August, and August is basically December, and
December is basically twenty twenty six. It's almost Christmas time too,
you too need to calm down. And also it's probably
a good reminder that if you don't have your Christmas
savings account set up right now, now is the time.
That's a really good reminder.
Speaker 1 (05:30):
Thank you.
Speaker 2 (05:31):
I will be saving for Christmas and absolutely nothing else.
I'm excited. I'm so excited. I love my fair Speaking
of love, we had another five star review. Would you
guys like to hear it? Yes, okay, this one is
from Jess Great Name, five stars love. I'm a new list.
I can't believe I've only just come across you guys.
Speaker 3 (05:51):
Now.
Speaker 2 (05:51):
I'm absorbing every single episode and I'm taking notes too.
I love it with my new friend, treat name, great Name.
That's very Jest to take notes. I feel like Jess
would never turn any Jess would never turn up to
a meeting without a notebook like that's it's like a
poor personality trait. Yeah, if all have notebooks, you're all prepared.
(06:16):
And I don't think i've met a Jest that was mean.
Speaker 4 (06:18):
No, I completely agree. I never met a chaotic, irresponsible Jess. No,
I've never met a chaotic Jess.
Speaker 2 (06:26):
Never. Never. If you're a chaotic Jest, slight into my dear.
Speaker 3 (06:29):
Yes, I'm sure we're out there, absolutely all right.
Speaker 2 (06:31):
Mister money, Wins and Confessions. What's the community got this week?
Speaker 4 (06:35):
Alrighty.
Speaker 3 (06:35):
First of this week, I've got one from Ashley who
said she had a Koala office chair that she wanted
to sell on Marketplace, but the guest lift broke. She
knew that it was still under warranty and that she'd
get more for it if she got that fixed, so
she sent Koala a message and was told they don't
make the chair anymore, so they can't send out the
spare part, but instead they'd come and collect it from
her and give her a full refund.
Speaker 2 (06:56):
Sorry what so how good is that for?
Speaker 3 (06:58):
So she got all her money back and didn't even
need to tell it a marketplace.
Speaker 2 (07:01):
She sold it back to Kuala.
Speaker 3 (07:03):
She literally sold it back to Koala.
Speaker 2 (07:04):
I just want the amount that she purchased it for.
So basically she got a free chair. It broke, she
sent it back, got all her money back.
Speaker 3 (07:10):
The definition of a money winner.
Speaker 2 (07:11):
Is a good deal, honestly, that is. I feel like
in twenty twenty five, all I hear is like companies
with bad exchange policies, or like people who have really
bad refunds like No not Kwala.
Speaker 3 (07:22):
Apparently we love it when a company looks after their people. Next,
I've got a money in from Beck who said money Win.
I've been wanting a dice an air rap for over
a year. Go I get it, and I've been looking
at all of the pros and cons and decided I
would most likely do it when I saw that it
came down on sale from eight hundred and forty nine
to five hundred and ninety six. She's been putting money aside. Yeah,
good deal, she said. She's also very into googling discount codes,
(07:45):
and you should be. She found an additional code brought
it down to five hundred dollars.
Speaker 2 (07:49):
Okay, good deal.
Speaker 3 (07:50):
She says she felt like a saving her three hundred
and forty nine dollars is pretty great for something she'll
use every week.
Speaker 2 (07:55):
Adore. Well done.
Speaker 3 (07:56):
Next, I've got money win from Belinda, who said, you
finally got herself one of those Baker's Delight too good
to go bags.
Speaker 2 (08:02):
I really want to do that, but I haven't. I
haven't done it yet, and I also know that I
will eat absolutely everything in there, like I just know
that that I don't need it. Well, she gave us
little peak of what so.
Speaker 3 (08:13):
She had one loaf of bread, six bread rolls, four
sweet scrolls, and two savory rolls much for nine nine nine?
Speaker 1 (08:20):
No?
Speaker 2 (08:20):
Absolutely, my god, like six rolls easy, you already got
your life. They're like more than a dollar nowadays, so
it's insane, or I think that's insane for some flour
and some seven dollars at least for a loaf of
bread from Bakers Toll. I'm sorry. Baker's delight, I do
love you. I love Bakings Talk. So they're TikTok girl.
(08:41):
They're like a social media manager. Her name's Madeline. I
don't know how to do because I follow them on TikTok. Anyway,
do you want to know more goss about Madeline? Any
I feel like I know her from I don't know when.
Maybe we are like you know those faces where you're like,
I know this girl, I reckon I worked with her
in retail at some point or did something. We've crossed pads. Anyway,
they're TikTok. They're hiring for her replacement because she's going
(09:03):
on maternity leave, and like, sorry, I'm so invested in
this replacement process. Baker's delight TikTok stillapps.
Speaker 3 (09:09):
So good that I saw them making buns once. It
was delightful and they.
Speaker 2 (09:14):
Have a new Sorry, they have a new This is
not sponsored by Baker's Life, but if you want to
be call me babe, like it could be the Baker's
Delight Money wins. They have a peach stone now and
it's frosted.
Speaker 4 (09:31):
After this episode, which sweet because you know the like
the custard walnut.
Speaker 2 (09:36):
Yes, didn't so good and they do really good danishes. Anyway,
let's move on. They're literally not paying for this. I
should be next from Victoria, who said I great name.
I've also never met a Victoria, or I didn't It
is a Victoria with two teas. We've had a Beck
that wasn't you. We've had a Jess that wasn't you.
Now we've had a Victoria. And it's actually very fins
(09:57):
so self centered. I like this.
Speaker 3 (09:59):
But Victoria said she went to buy some multi vitamins
from Chemist's warehouse. They were selling at their normal price
and a competitor had at cheap house, so she flagged
the cheaper price and they ended up charging her less
than what the competitor.
Speaker 2 (10:10):
Had it because they percent, that does sound like something
I would do.
Speaker 1 (10:13):
There you go.
Speaker 4 (10:14):
It sounds like me had a cheap buzz in Chemi's warehouse.
Speaker 2 (10:17):
I'm fine, I find that hard to bleed. Well, it's
all true. I'm going to need receipts.
Speaker 3 (10:22):
And lastly, this week, I've got a money from Christine
who said she took her kids to Disney on Ice
on the weekend and they brought their own it is
but Christine said, no, no, no, we're bringing our own snacks,
our own drinks, and the kids were happy to just
pop the bubbles coming out of other kids ones. So
we didn't buy any of the merch. She said, they
avoided paying the mouse tacks and saved themselves hundreds.
Speaker 2 (10:41):
Okay, I also have another hack because I'm on parenting ticks.
They came that one. They came up bubble wand is
like twelve dollars, whereas if you go to Disney or Ice,
apparently the bubble one's like fifty nine dollars. Are really
joking that a bubble wand extortion soapy water go. I
only have a one year old, so we're not at
the point where he peer pressures me into purchases yet.
(11:03):
I just know that we'll get this crazy No. So
Kmart has a bubble wand for those of you who
might be interested, that could also be a really good
present like Halfy's only one. Anytime I get bubbles.
Speaker 3 (11:14):
Out, bubbles are fun chaos byot, that's crazy.
Speaker 2 (11:19):
I love this those good money wins. Miss specs, yes,
tell me I can. What have you got? When it
comes to broke tips? And for those of you who
maybe missed it, we now have a broke tip thread
going live every single week in our Facebook group, where
Beck goes in and has a little bit of look
at your broke tear?
Speaker 1 (11:37):
Do you?
Speaker 2 (11:38):
But also so does everybody else?
Speaker 3 (11:40):
And I want you to do that.
Speaker 4 (11:41):
I want to love had all of them, but I'm
scared that I'll miss one, and so for that reason,
I don't.
Speaker 2 (11:47):
And that's why I now no longer love heart people's comment.
Then you get off it, and then new comments happen,
and then people might think that yours didn't yeah exactly.
Speaker 4 (11:54):
Or even just like sometimes you just randly miss one.
You're like, oh my god, this person might think why
didn't you? Like what if I come in on your
And then I'm like, oh my god, this is incredible.
But someone one hundred comments down said the same thing earlier.
Speaker 2 (12:05):
I don't know. I just get anxiety. I don't want
people to think that have got favorites. I don't. I
love you, I know, Okay.
Speaker 4 (12:12):
So this first one comes from Jacinta, who said that
she did surveys on Pure Profile because she knew she
was running out of money for food.
Speaker 2 (12:19):
I totally get it.
Speaker 4 (12:20):
I've been there so many times, for every single day
of my life. She did enough to get twenty doll
about your fo woolies and bought stuff at twenty three dollars,
used the three dollars of her own money, and it
helped loto hate.
Speaker 2 (12:30):
That's actually such a good broake tap. If you've got
no cash, if you can go to twenty bucks, ten bucks,
twenty dollars is twenty dollars.
Speaker 4 (12:37):
I know, so pure Profile. I know we talked about surveys,
but I had not heard of this one before. So
I leased that one back in the day. I'll let
you they go, I know the other year. Otherwise it
was shutting down real quick. This next one comes from
Shiara I'm so sorry, I'm seeing your name incorrectly, who
says that she uses a massage gun. What she does
is she holds a massage gun to an almost empty bottle,
(12:59):
such as lotions, shampoos, et cetera.
Speaker 2 (13:01):
Oh, it's like turbo shake, Yeah, turboshake.
Speaker 4 (13:04):
And then actually after she sent me that, there's all
this like thing come up on my Instagram kind of
like literally doing that or someone doing that. It wasn't
like say, it wasn't just like that would have blown
me away, but it was not just sent up. It
was someone else that's on puberty the page, and she
put the massage gun to the lotion and it all
came out like it's not like down droops and drags,
(13:25):
it's like the whole thing. Well, it makes so much
left shaking.
Speaker 2 (13:29):
Yeah, isn't that wild. See I don't own a massage gun. No,
I don't use a massage gun, and physically I have
no need for it. But I have, again going back
to TikTok, I have seen people use the massage gum
or using the vacuum in their car to like make
all of the dirt vibrate and then right, and I
just I've never wanted to try something more in my life.
(13:51):
Like so I love cleaning my car. In fact, this
is going to sound so lame and you know what,
a little bit out of touch, but I have a
car cleaning subscription to a car wash near my house,
which actually, because I do wash my car, I would
say it like every week. Yeah, it becomes like I
think it's like less than ten dollars a wash, and
like this is like a good wash and it includes
(14:11):
the vacuum, so like when it's like a self drive through,
like no touch, like car wash thing drives your car,
you drive out and it has the free air gun
and it has the free vacuum, so you can vacuum
to your heart's content. And I love that, but I
really need the massage gun for that. You can bever
in mind, thank you, but I don't know if you
want me putting it on the carpet of my car
(14:32):
after my dog's been in it.
Speaker 3 (14:33):
We have a few in our house because I'm dating
a physio, so maybe we just have Well one can
become the designated Karma.
Speaker 4 (14:38):
Car massage and beg, what have you got? So this
is something I noticed the other day. It was like,
well it wasn't the other day, but it was community
cup time.
Speaker 2 (14:46):
You guys know community cup. I don't big thing in Melbourne, Wow,
not big enough for us. We have heard about it.
It was like we do live under a rock though
you were a much more social being than both just
and I combined.
Speaker 4 (14:58):
It was it's quite, it was so so cold, it's overwhelming.
There's people everywhere, and everyone you've ever met will be
at this place. I mean it was in abspent, so
the first time I had gone, So I don't know
if it's always an ABOSPHD. But I popped in because
I was going to uber there. I didn't want to park.
I popped in the address for the park. I said
Victoria Park whatever, and then the uber was like twenty dollars.
Speaker 2 (15:16):
I was like oh.
Speaker 4 (15:17):
And then instead I zoomed all the way in and
I put an address that is across the road. It's
like eleven Louley Street or whatever. Yeah, fourteen dollars.
Speaker 5 (15:26):
Oh, no way.
Speaker 4 (15:28):
So I feel like and I have in fact checked this,
but I feel like, no, but that makes it's an
event or if it's a location like mcg or something
like that, then it'll automatically it does. It's like when
you go to the airport, Yes, like the airport tax
So if you put like, I don't know what addresses
around the airport, but you know, just give it a go.
I think if you're going to an event, if you're
(15:48):
going to a concert or something. Don't put the concert location,
don't put the arena or whatever. Put the exact address
across the street, or just an address close by that
you're happy to walk from they're happy to walk from,
or even the address of the stadium.
Speaker 2 (15:59):
I haven't tried before. I reckon that wouldn't work. Maybe
not surely it would be associated, because I feel like
whenever I put an address in, it'll like auto correct
to the location name.
Speaker 4 (16:08):
Yeah, true, true, ture true. I like your very very
thank you, thank you very much, so very smart. That's mine.
I love that.
Speaker 2 (16:17):
I feel like that is very good. All right, let's
go to a really quick break because on the flip side,
I'm actually really excited about this. Our first question, I'm
excited about this, but like the second part juicy. But anyway,
the first one is our money dilemma, which is all
about managing money from a side hustle, which I think
is going to be really helpful. But the juicy one,
you guys slid into our dms and you want to
know whether your choice of partner is actually one of
(16:38):
the biggest financial decisions you'll ever make. Oh, I don't
think people are ready for that conversation. Anyway, We'll see
you right after the break.
Speaker 3 (16:50):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 2 (16:56):
Hi, there, have you got a money dilemma you just
can't solve? The She's on the Mine 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. I just have a question.
Speaker 5 (17:21):
I have a day job, but I also have a
side hustle, and I have both tums of income coming
into the same account at this point, separate accounts within
my bank, so they are separated, but I don't have
a different bank. My savings from my day job go
(17:43):
into a separate micro investing app which I use called Blossom.
But the savings or the earnings I make from my business,
I just don't know what to do with them, so
they're just sitting in the account that's holding them. So
I've got a couple of thousand dollars in there, just
sitting there and they're not earning any interest, they're not
(18:03):
doing anything. But I'm really hesitant to put them in
the same pool as my personal savings. For some reason,
I feel like they should be separate thing. And I
don't want to start something that isn't correct and isn't
going to help me out tax wise as well. But
I just don't know what to do or who to
ask around business questions. So if you could provide some light,
(18:27):
that would be amazing. Thank you so much.
Speaker 2 (18:30):
Well girl, you've come to the right place. And I mean,
I'm not going to ask the two of you what
I would do because I think or what you should
do keep it separate. I'm sorry. If you have a
side hustle separate bank account, I don't want to see
it going into your go and register it as well,
like set it up as a separate business bank account,
because it's messy. Like let's say you're stupidly successful. You're
(18:52):
making your personal life harder, You're making your taxes harder,
like you don't know when you need to pay tax
on your side hustle income. Like Beck, this is at
you specifically, because guys, what's your business little shout out.
Beck has decided to go all in on her business recently,
and you've set up a whole website. You spent fourteen
dollars on a domain, and that is putting your money
(19:13):
where your mouth is.
Speaker 4 (19:15):
What is the domain designed by becku dot com todau.
Speaker 2 (19:19):
I'm obsessed and like I have commissioned a piece? Have
I actually commissioned a piece? Because I didn't pay for it,
I use it. It's still a gifted a piece. I said,
Oh my god, I've always wanted Okay, you're gonna love this.
I've always wanted one of those spoon rests. Yes, that
is actually a ravioli. Oh I've seen those are very
coch Yeah. So Beck made me one pink. It's pink
(19:41):
and lives on my shelf and I love her. But
very cute stuff. Anyway, we'll put the link in the
show notes because like girls supporting girls. Anyway, get a
separate bank account, Beck, if you don't have a separate
bank account for the money that you're making from your pottery, canceled, Like, Okay, no,
you're gonna go get a separate bank account. You don't
have to go and set up as a business. You
(20:02):
can still be a sole trader, but have it be
separate so that you can track the income coming in
and the income going out. It's going to make tax
time easier. It's going to make literally everything easier. You
can also track how much money of your personal money
needs to go in there, right because beck, I can
almost guarantee like you're pururchasing clay paints glazers with your
personal income, right, so transfer that money, like go all right,
(20:25):
well I'm going to go down to E cards or
whatever it is the craft store and purchase clay. You
can track how much you've transferred to that account and
see how much has been going in versus coming out,
and then all the profits going to that and it's
just it's going to be clean, right, Yeah, it's going
to be clean. Yeah. Do you have any other tips
for small business when it comes to the banking side
of things?
Speaker 4 (20:46):
Well, personally to start as this question does come at
a really good time, so thank you very much. I mean,
I don't know if this is the same situation, but
I use I'm using Stripe, which I think is like
is that right?
Speaker 3 (20:59):
Yeah?
Speaker 2 (21:00):
Stripe or you u stripe? Oh my god? The payment system.
Speaker 4 (21:03):
Okay, that's so companty because I was like, I don't
know what this text me ask me, Oh my god, true, I.
Speaker 2 (21:08):
Don't know why I'm not doing this. And it's not
even that I know, it's that like I was born
to yap. Yeah, and like also research, so if I
don't know, girl, you best believe I'm a fine out.
Speaker 4 (21:22):
So that, but that's not the same, hey, because I
can see what's coming in, I can't see what's going out.
Obviously that's more like bank account, but that that is
helpful for incoming. But you're saying, like, get a whole
new bank account for this particular side hustle.
Speaker 2 (21:35):
Understood it, understood, Okay, that's good to know. And then
just like name it like your business name. So everything
is just really clean, really fresh, easy, because at one
point it's going to tip over being a hobby and
like a tiny side hustle to being something that you
need to pay tax on, and hopefully at some point
you're going to need to pay GST on and you know,
really scale it. But you don't want to have that
be mixed up with your personal income and other jobs
(21:58):
that you're doing on the side to pass time more,
you know, put money and food on the table right, totally,
just keep it separate, right totally. Also interesting side note, Beck,
while we were listening to that, you guys probably didn't hear.
In perfect synchronicity, Jess and I made the sound ah
when our listener question mentioned the Blossom app. I was
(22:22):
curious about that. You were like, why are you two v.
Speaker 5 (22:27):
Now?
Speaker 2 (22:27):
Jess, We've had some conversations historically on air and off
air about Blossom app. Is the app badge?
Speaker 4 (22:37):
No?
Speaker 2 (22:38):
Is the apple legitimate? Yes is some of the marketing misleading?
Yes is how I feel now. Blossom app is an
app and our money diarist or sorry, not even our
money direst our listener question literally said, I'm using it
to invest Iconic. You are using it to invest. But
if we go to the website and I'm on the
website right now, Jess and Beck and I feel like
(22:59):
this would get Beck like in the nicest possible way. No, No,
because you just take people for their word. I'm already
and you already like, and it's not because you're silly,
it's just because you are an average consumer.
Speaker 3 (23:10):
Well, and the listener said that they're putting their savings
in BLOSSOMUS, Yeah, which is very relevant.
Speaker 2 (23:15):
Yes, So like Beck, have you heard of Blossom app?
I haven't. Let me read you the marketing and you
can tell me what it is, okay, right, So Blossom
where your savings go to grow. You can get between
a five point four five and six point five per
annum targeted return. Join thousands of Australians who have discovered
a new, healthier way to save your money. Your way,
(23:38):
no account, feest healthy returns. You're doing well. Their product
is called Blossom Save and it gives you freedom and
flexibility whilst you save. What is this product?
Speaker 4 (23:49):
I would say it's a very high interest savings account.
Speaker 2 (23:54):
No No, And that's where Jess and I are probably
not that comfortable with it. It is an investment. It
is an investment platform and they invest your money for
long term returns. That's why they can target such high
five point four five and six point five percent return.
Right now in this current economy, a savings account is
(24:17):
not going to get you that. So you might look
at it and be like far out, like that's why
And I mean it in the nicest possible way. And
I know people have messaged me before and they've been like,
why do you say things like that why you mean
to Beck. I'm not mean to Beck. No, he's my
normal consumer. She is my friend. I think she's so smart.
But like, I just know you'd read this, and like,
but you and I both know you're never going to
(24:38):
read the PDS. You don't scroll to the bottom and
click the PDS.
Speaker 4 (24:40):
I do.
Speaker 2 (24:41):
And it's an investment platform. It's also targeted returns.
Speaker 3 (24:44):
It's not guaranteed, so they can say, yeah, we're aiming
for that, but if they return is less as far
as I know, no accountability.
Speaker 2 (24:52):
They are an investment fund, and like if you go
into the PDS, it says the target rate of the
annual return from investments retain in the fund is not
guaranteed and no assurance is given that the target rate
will be achieved for any time the investment is held
in the fund. I'm targeting two returns a fart. But
I think if we then use the average consumers experience
(25:16):
right and go Your experience with savings accounts is that
if they say they return three percent, they return three percent, right,
So when you will read out all of this marketing,
and I said, where your savings go to grow? And
you're going to get four point four to five. I
think you skimmed over the word targeted, didn't you. I did.
Speaker 4 (25:34):
I thought targeted maybe is like they're purposely doing something yep,
and then that's yea.
Speaker 2 (25:40):
And then I doubled down and I gave you the
next line, literally scrolling on the homepage, which says, joined
thousands of Aussies who have discovered a new, healthier way
to save. I'm sorry that is not saving if you
are investing your money and there is risk involved. I
am so fine with your platform, Like, there is not
anything wrong structurally, your money's not at more risk than
(26:01):
any other type of investing platform. But call a stick
a stick.
Speaker 3 (26:05):
Yeah, yeah, I don't like that because I think, yeah,
listening to our listener's voicemail, they even said, you know,
my savings are in this platform, and it kind of
makes me go, well do you. You know, typically we
say don't invest your savings if you plan on having
access to them any time soon, and we don't have
this CEM one. But I think the language can be
very confusing, and as you said, like it's something they've
(26:28):
changed it.
Speaker 2 (26:29):
You know, it's been a few years that this platforms
been around them. I've spoken to their owner. I've spoken
to their founder, I've had these conversations. They've invited me
to Sydney to have conversations with them, and I basically said, like,
so happy to continue the conversation, but anything that you
say surely can be put on paper for me to understand, Like,
surely you can put it in an email and articulate
(26:51):
yourself in a way that makes sense, because if you can't,
to me, that doesn't feel right. And so I don't know.
I just I think when you look at the like
risk return like chart and we're looking at different investment options,
there's like you know, savings accounts and then there's bonds.
This is more risky than both of those things. Yes,
it's not the same risk that you carry as putting
(27:13):
your money into the Australian Stock Exchange. It's slightly less.
But I think that they're trying to align with their
marketing to being a savings account, which if you as
a consumer, are like, oh I don't want to invest
yess I'm too like I'm a bit adverse for that.
Oh I don't know about a bond. But then you
see this marketing you might go, oh, well that's for
(27:33):
me because it's where your savings go to grow. And
the language is comforting, and I think that that. I
feel like they're doing everything right from a compliance perspective
in terms of their actual product, but when it comes
to the marketing, I just go, I'm sorry. This is
why the investment industry is so confusing. That is why
so many people are like, wait, that's an investment, but
(27:54):
there's this isn't. But yeah, like, if you want a
good high interest savings account, a road a hole blog
on it, check it out, check it out. I'll put
all of the good links in the show notes for
our most recent savings account thing, because like I think
every six months or so I do a blog or
the team actually all put together a blog on the
best high interest savings accounts in Australia so that you
(28:15):
guys can do it without any like hoops or anything
to jump through because you know how sometimes there's like
minimum deposits or whatever. Anyway, none of that. I could
go on and on, but I just think you guys
deserve transparency and maybe potentially allegedly that company is not
giving you that, and that just doesn't see it right.
Speaker 3 (28:34):
With me.
Speaker 2 (28:35):
Anyway. That's a little bit of the tea, but do
you want more tea? Absolutely?
Speaker 1 (28:41):
Right?
Speaker 2 (28:42):
So this week we had a listener dam and you
know what a little bit more juicy than what we're
just talking about. Ready, okay, Hi, she's on the money.
I keep seeing money influences say your partner is the
biggest financial decision you'll ever make. But I didn't even
think about that at all when I fell in love.
Emotionally the relationship is solid, but financially we are not
(29:02):
on the same page. And the more I notice that,
the harder it is to unsee. I listen to the
money diaries, so I know people can change, But lately
I've been wondering if this is something I should take
more seriously. Then I feel really guilty, like am I
being too shallow or too focused on money? I wasn't
like this before, but now I don't know if I'm
overthinking or finally waking up. What would you do?
Speaker 1 (29:25):
Oh?
Speaker 4 (29:27):
This is tugging at my heart shrinks because as the
I mean, they didn't say, this person didn't say, but
I can only assume that they're they're the more responsible
one with money and their partner might not be. And
I am the partner that is not. My girlfriend justs
is very unhappy that I quit my job for a
full week opportunity.
Speaker 2 (29:44):
And I don't know why. That's crazy. I know it's crazy.
She's crazy. I'm just kidding. No, that's very very valid.
Speaker 4 (29:50):
But I think that before her, I've always been a
little bit like risk taking. I don't care if I'm
living Pachrick paycheck. I don't care if I'm broke. I
honestly don't mind. And so feel like maybe depending on
where your partner is coming from and how they've lived before,
and if they always get back on their feet and
if they don't rely on other people around them, then
(30:11):
at this moment.
Speaker 2 (30:12):
Totally fine. I think that. So I can, like I
can totally understand it.
Speaker 4 (30:16):
Some people don't work in this way where they're thinking
about money and they thinking about savings and they have
this intrinsic like just motivation to save for a future.
Speaker 2 (30:26):
Some people just do not have that.
Speaker 1 (30:27):
I do not have that.
Speaker 2 (30:28):
I can't be taught to have that in me. I can't.
I will just do it because I hell nose.
Speaker 4 (30:34):
I've tried exactly like I mean, for like three years now,
like I just.
Speaker 2 (30:38):
And like you know, and I know I think that
that's what's kind of so cool about Cheese on the
money side step is that, like, you are so different
to Jess and Die and it's not a negative or
a positive, it's just who you are, and like that's
a cool thing. But we've got so many diverse people
in our community. Some might be like Jess and literally
stockpile every cent. Someone be a little bit more like me,
(30:58):
who I take risky decisions, but I'm also relatively financially
like stable when I make those decisions, and I'm always
calculating everything, And then there might be people like you, Beck,
And I don't want people to think that there's only
one way to manage finance. Yeah, totally, as long as
you are educated and have the knowledge and the tools
and the resources, and I've given it to you on
a silver platter. I don't care how you use them. Like, yes,
(31:19):
in a perfect world, i'd love Beck to budget. Oh
my god, like my life would be made. But at
the end of the day, you're an adult, and I
respect your decisions because you're an adult. But like, I
think that everybody deserves access to those tools. And if
you didn't have access and you're in a really shitty
financial position because you hadn't been given an education. That's
not fair. Yes, but now you're making decisions and you're like, well,
(31:41):
I know I could do this all that you've made
the decision that's right for you, Yes, the decision that's
right for society.
Speaker 4 (31:46):
Totally, totally, I completely agree. And so I guess in
saying that right now, it comes down to if your
partner is I guess in any it doesn't even know
if it's finances or anything, like, if you're dating someone
who never cooks, never cleans, never does any like holds
any of the mental load, I feel like it's not
the exact same, but it feels like if your partner's
willing to change to help you and your future together,
(32:08):
regardless of what it is. Maybe they hate cleaning, but
they just have to do it. Maybe they hate saving,
or they just don't know how to do it, but
they just have to do it. It's like that's a
complete different situation their relationship with money. Because I'm on
the other end, I understand that some people just don't
have that and don't live like that. But I will
commit to saving for a future with my partner because
(32:30):
that's what's in the cards, and so I feel like
that's probably more the conversation. And if your partner is
willing to just do it, even if they hate it too,
also give them some objective, something to work with, something tangible,
be like, if we save this amount, this is what
our future will look like, because otherwise it's just invisible
and it's just like there's no motivation to do that.
But anyway, so I think that's probably the conversation I
(32:51):
would be thinking about. If that makes sense, What do
you reckon?
Speaker 3 (32:54):
Yes, I think the saying you know your partner is
the biggest financial decision or whatever it is it comes from.
I yes, that that concept of like you're the sum
of the people you spend the most time with. I
think it's like the seven people closest to you kind
of form your core personality traits or something like that.
There's some psychological study, I think, because your partner, assuming
(33:14):
you know, a traditional relationship where you eventually are building
towards a life together, they're the person who spend the
most time with, your life is so interlinked with them
in terms of your finances. If you choose to have
children or maybe own property, or save towards other important
goals for you. Guys, your lives are so intertwined that
their take on money has a really significant impact on you,
(33:36):
regardless of how you each manage it, and so I
think that concept is kind of reflecting on the fact
that it can maybe cause friction. I think in your
relationship if you have two people, particularly if someone isn't
willing to do as you are back you know, you've said,
you know, I acknowledge that I'm not great with money,
but I will work towards goals because that's what my
(33:57):
relationship needs to progress forward. Not every body is able
to draw that light in the sand, I suppose and
make that decision. I think at the same time as well,
if someone doesn't match your energy, if you're the person
who is let's say more aspirational, if you have high
savings goals, or if you have big goals for your
life in general, even outside of money, if your energy
(34:19):
isn't being matched by your partner, it can sometimes take
the wind out of your sales a little bit and
hold you back because you're maybe working to accommodate there more.
And that's not a bad thing, like compromise is important
in any relationship, but At the same time, I think
like you also need to acknowledge that, you know, if
two people go okay, well, regardless of how good we
(34:40):
are with money or what we want to do, we're
going to find a way to make our dreams work.
Like that is very powerful as opposed to maybe one
person being like, oh, I want to do this, I
want to do that, and the other person being like, oh,
it'd be nice, but we can never do it. It's
almost like psychological beyond just the actual financial stuff. But
I feel like you're going to explain that a little
bit of me because I feel.
Speaker 2 (35:00):
Like I would, No, you're not. I mean, if I
look at my situation, my husband and I got together
and when we were just dating, we're both in personal debt,
we both had personal loans, we both weren't good at money,
and we have learnt together what that means and what
our values are. And I'm just I would say, very
lucky to have obviously met someone have fallen in love
(35:21):
with madly want all these babies ten out of ten,
but also somebody who has the same values and goals
and like, I guess lifestyle aspirations that I have, because
that could have been really hard, and I'm not in
that position. But I mean, if you take a really
big step back, the idea of marrying for love is
actually really modern. If we look at history, we actually
(35:42):
married for money. We married, I guess more specifically for survival.
We married for status, We married for strategic advantage. Families
negotiated marriages based on what they could get out of it,
like these idle women. No not, yeah, little women do
you can't what is it? You can't tell me? Married
is not an economic proposition exactly, it absolutely is. And
(36:03):
I mean for much of history, marriage was less about
romance and more about alliances between families and safely transferring
wealth and securing land or you know, ensuring a social
standing or social status, and like that's just the logic
of it. Like romance is a privilege. Love was a bonus,
but not a requirement. And I think if we go
(36:24):
back to that, I'm not saying that that's a good idea.
That was all about survival. Now, sorry, we're staunch feminists.
I can go get my own job and I can
choose to marry for love, and then it does come
into it, because you're right, somebody could take the wind
out of your sales if they're not in the same
situation as you, And I think I mean to be
really brutal. Yes, in many ways, marrying for your choice
(36:46):
of partner is the biggest financial decision you'll make. And
I saw a TikTok the other day. I feel like
all I do is talk about TikTok and a woman said, oh, girl,
all mental disappoint you, just marry for money, because at
least you'll be happy with what outcome happens. And I'm
not saying that's a good idea because a man is
not a financial plan, but literally, the person that you
marry affects everything from how you manage money day to
(37:08):
day to how you plan for your lifetime goals, for
how you go on holidays, for how you plan on
raising kids and buying a home, and like what does
retirement look like? And having a partner that shares your
values and is able to communicate openly and honestly with
you and respects your financial boundaries, I think can help
you build a secure financial future. So maybe I'm a
little bit more savage. Maybe I've just unfortunately seen one
(37:31):
too many divorces come through my financial advice doors. When
I was an advisor that I am quite negative about marriage.
Am I married?
Speaker 1 (37:39):
Yes?
Speaker 2 (37:40):
Am I in love with my husband? Absolutely? Yes? Am
I lucky that we're on the same financial page? Yes?
But I think that constantly fighting about money and constantly
feeling alone in that that's not worth it. Yeah, Like,
because if you don't feel like you're supported, I'm sorry,
it's no longer about finances anymore. If you don't feel
supported full stop, you're in a marriage that's not going
to work. It's like the finance is almost just a
(38:02):
small element of love. Is so important. Love is like
to me, it is so important, But so is financial compatibility.
And I just I'm sorry, I'm so negative about that.
And they're going to be people who go it doesn't matter,
like I would work my life away from my partner. Amazing,
you're actually financially compatible.
Speaker 3 (38:20):
Yeah, but exactly like you, right the example Beck was giving.
Speaker 2 (38:24):
Yeah, So, like, financial compatibility doesn't mean fifty to fifty. Yeah,
that's not what the default is. Financial compatibility means you're
both happy with what you contribute, and you're both happy
with how that works and what that looks like and
the lifestyle you achieved from that. Yeah. But if you're
not on the same page. I just don't see how
it's gonna work out long term. Sorry, by what did
everybody else say? Okay, so the rest of the community
(38:44):
or juicy? So we did ask a few questions. First, First,
we said, do you think who you choose as a
partner is your biggest financial decision? Surprisingly, twenty eight percent
of you said yes, interesting, sixty nine percent of you
said it's just one piece of the puzzle, and three
percent said money is separate. Then we asked, can a
relationship work if you're on different pages financially? Seventy two
(39:07):
percent of you said it can, but it is very
hard work. Seventeen percent of you said it's a time bomb.
Seven percent of you said yes, love is the most
important part in four percent said no, red flag interesting,
very interesting. And then I asked the community. I said, girl,
what's your two cents? And did you have four cents?
First person said, give it time and see if you
(39:28):
can get on the same page before making any big
financial decisions. Next person said, you don't want to be
the one with money ready for a holiday with someone
who can't go anywhere. Next person said, communication and education,
that is what I have learnt from She's on the Money,
and I love explaining what I've learned from She's on
the Money to my partner. Oh how many times does
this come back down to? Is communication? Next person said,
(39:51):
you can have different mindsets, but if you can't talk
about it like mature adults red flag.
Speaker 3 (39:56):
Emoji, that's a big one. The communication, like the level
of communit. Yeah.
Speaker 2 (40:01):
Next person said, I ended a marriage after only four
months due to different financial pages. It was a time
bomb waiting to burst. Next person said, I have separate
accounts of the line with my goals, as does my partner,
as we don't always agree on the financial side of things. Interesting.
Next person, and this is the last one that I'm
going to share, said, dating in twenty twenty five is cooked.
(40:23):
Keep them if they are a good egg.
Speaker 3 (40:24):
I mean, it's tough out from what I've heard from
the girls, So that's all the same.
Speaker 2 (40:29):
It is tough. But I do think being on the
same financial page is going to reduce friction in your relationship,
like and I'm just all about not having a friction relationship.
Like it's some people are meant to be some people aren't,
and that's fine. I don't ruber up. I think would
you rather cry in a Corolla or a Lamborghini.
Speaker 4 (40:49):
Just the last thing I want to say is that
do be mindful that some people have like really like
you know, this privileged scene, like some people didn't grow
up with much money, and it's like anxiety and chat
to have. And also that's something you read.
Speaker 2 (41:03):
You can be on the same page financially with someone
who has the money. That's so true. You can be
on the same page, read somebody. It doesn't mean that
you have millions. Like we're not talking about needing to
become a millionaire family. We're just talking about are you
spending in line with your goals and values? Are you
achieving the life that you want? Because like, can you
imagine Beck if your partner was like, well, I want
(41:25):
you to save every single dollar because we need to
have six million dollars invested by the time we get here,
and you literally couldn't care less about that, and that
was all they cared about. They just cared about the money.
Like maybe they should go be with someone who makes
more money and cares more about money and that would
make them happier, like totally, and that's not the case.
So like, no to be on the same page financially
(41:45):
with someone doesn't mean you even if I have a dollar.
In fact, my husband and I both started in debt
and we're still on the same page. Yeah, and that's okay. Anyway,
it's okay. I think that's all we've got time for today,
my babies. Yes, I think so as gorgeous place to
leave it. Yeah, I see you on Monday for money,
diries and have a good weekend, babe, by guys bye.
(42:09):
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(00:24):
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Speaker 2 (00:45):
She's on the Money. She's on the Money. Hello and
(01:09):
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 the team together
and celebrate you the incredible. She's on the Money community,
Miss Jess Gricci, She's here sharing our favorite money wins.
Miss beck Sayeed is sharing her broke tips, and we're
going to be helping to answer a money dilemma which
(01:30):
is all about managing money from a side hustle, which
I think is set up perfectly for you this week,
Beck and something you slid into our dams out wait
for it, whether your choice of partner is actually the
biggest financial decision you'll ever make. Anyway, I am excited
to talk about that one, because I don't know. A
man's not a financial plan, but could he be? How
(01:51):
are your wings? My week's think, quid.
Speaker 3 (01:54):
I unfortunately caught the bug that seems to you're doing
the rounds.
Speaker 2 (01:57):
I thought you were about to say I caught the bus,
so I'm sorry, Jess. That's so funny.
Speaker 4 (02:03):
I can just imagine you look like watching you from
behind the bus, like you know, when the bus, kind.
Speaker 2 (02:08):
Of like jumping just running for a bus too. Oh.
Speaker 3 (02:11):
I've definitely running for a bus in my day. Absolutely
so funny. No call the bug that's been doing the
rounds this time of year, I think, which is a
bit unfortunate. I'm just spent the last couple of days
in bed, to be honest, but I've got a lot
of reading done, which was nice. A lot of sleepy
so productive.
Speaker 2 (02:26):
Still confuses me. She messages me and goes, can I
please have a sick day? Sorry? I'm sorry. If you're
having a sick day, you don't ask your boss. You
tell your boss, you call your boss, or you text
your boss and say, hey, I'm not well, I am
not coming in. But miss jessical Riki is like, actually,
really sick? Would it be okay for I don't do work? Yes?
(02:47):
At what point are you going to learn?
Speaker 3 (02:49):
And I know like you would also never say no,
but I just feel like the polite thing to do
is to ask.
Speaker 2 (02:54):
That's a cute when you're like, yes, just take the day.
Speaker 1 (02:59):
Ba.
Speaker 2 (03:00):
Yeah, So do you need some memes? I may help.
That's so sweet, Chief memes ender. How's your way back? Well,
my week's been a little bit wild. Actually.
Speaker 4 (03:09):
I was offered a literally just four weeks of work
at the ABC, which I've always wanted to work always. Yeah,
but I told my boss and she said, well, you
have to resign if you do that, And then I
was like, well it would be against your contract right
for another network it would, And so I don't have
any saying.
Speaker 2 (03:23):
Apparently the opportunity was too good to say no to yes.
I don't have savings.
Speaker 4 (03:27):
I don't have a job lined up after that. I
will be unemployed for sure come August eighth. But I
did resign me so much anxiety that is, okay.
Speaker 3 (03:37):
We're manifesting. You're just going to slay your job so
hard to offer you a full.
Speaker 2 (03:41):
Time surely you are going to run rings around it.
I just know, no, love you, We love you, So
it just makes sense. It's so nice, thank you so much.
Oh my god, you guys so fingers crossed. Honestly, I
don't feel a single bit of stress about it. Maybe
it's just because it doesn't feel real yet. That's correct
when it happens, I might feel stressed. Else Chill, it's
so chill. I love that. So I actually feel really good.
(04:03):
It's been a really good week. And what about UVD.
I have an extra needy dog today. Yeah, we do
video now. And I just think that I don't know
what's gotten into her. I think she just doesn't like
it's been raining a lot today. She just seems to
want to sit on me, and she keeps knocking my
mic out of my hands, and she doesn't have literally
(04:26):
no respect anyway, you can't see her. But like, just
imagine a dog, a very large dog, trying to sit
on my lap and also knock my mic around. Do
you know what, I'm not gonna lie. What do you
mean it's the new financial year? What do you mean
it is July? What do you mean We're in the
second half of the year. What do you mean we're
in third quarter? No, it's crazy. No, I want I
(04:47):
want to do again. I want to repeat. I just
the first six months flew by, and I feel like
it's only just started to hit me and like lame.
But like I had so many plans and I've done
none of them, haven't we all? We're all.
Speaker 3 (04:59):
I feel like everyone's probably in the same boat on
that one.
Speaker 1 (05:02):
I'm going to.
Speaker 2 (05:02):
BALI so like there's something to look forward to. Cool, Yeah,
I know, right.
Speaker 4 (05:06):
But then then it's almost the end of the year,
which means that you have the whole other year.
Speaker 2 (05:10):
Next month is August, and August is basically December, and
December is basically twenty twenty six. It's almost Christmas time too,
you too need to calm down. And also it's probably
a good reminder that if you don't have your Christmas
savings account set up right now, now is the time.
That's a really good reminder.
Speaker 1 (05:30):
Thank you.
Speaker 2 (05:31):
I will be saving for Christmas and absolutely nothing else.
I'm excited. I'm so excited. I love my fair Speaking
of love, we had another five star review. Would you
guys like to hear it? Yes, okay, this one is
from Jess Great Name, five stars love. I'm a new list.
I can't believe I've only just come across you guys.
Speaker 3 (05:51):
Now.
Speaker 2 (05:51):
I'm absorbing every single episode and I'm taking notes too.
I love it with my new friend, treat name, great Name.
That's very Jest to take notes. I feel like Jess
would never turn any Jess would never turn up to
a meeting without a notebook like that's it's like a
poor personality trait. Yeah, if all have notebooks, you're all prepared.
(06:16):
And I don't think i've met a Jest that was mean.
Speaker 4 (06:18):
No, I completely agree. I never met a chaotic, irresponsible Jess. No,
I've never met a chaotic Jess.
Speaker 2 (06:26):
Never. Never. If you're a chaotic Jest, slight into my dear.
Speaker 3 (06:29):
Yes, I'm sure we're out there, absolutely all right.
Speaker 2 (06:31):
Mister money, Wins and Confessions. What's the community got this week?
Speaker 4 (06:35):
Alrighty.
Speaker 3 (06:35):
First of this week, I've got one from Ashley who
said she had a Koala office chair that she wanted
to sell on Marketplace, but the guest lift broke. She
knew that it was still under warranty and that she'd
get more for it if she got that fixed, so
she sent Koala a message and was told they don't
make the chair anymore, so they can't send out the
spare part, but instead they'd come and collect it from
her and give her a full refund.
Speaker 2 (06:56):
Sorry what so how good is that for?
Speaker 3 (06:58):
So she got all her money back and didn't even
need to tell it a marketplace.
Speaker 2 (07:01):
She sold it back to Kuala.
Speaker 3 (07:03):
She literally sold it back to Koala.
Speaker 2 (07:04):
I just want the amount that she purchased it for.
So basically she got a free chair. It broke, she
sent it back, got all her money back.
Speaker 3 (07:10):
The definition of a money winner.
Speaker 2 (07:11):
Is a good deal, honestly, that is. I feel like
in twenty twenty five, all I hear is like companies
with bad exchange policies, or like people who have really
bad refunds like No not Kwala.
Speaker 3 (07:22):
Apparently we love it when a company looks after their people. Next,
I've got a money in from Beck who said money Win.
I've been wanting a dice an air rap for over
a year. Go I get it, and I've been looking
at all of the pros and cons and decided I
would most likely do it when I saw that it
came down on sale from eight hundred and forty nine
to five hundred and ninety six. She's been putting money aside. Yeah,
good deal, she said. She's also very into googling discount codes,
(07:45):
and you should be. She found an additional code brought
it down to five hundred dollars.
Speaker 2 (07:49):
Okay, good deal.
Speaker 3 (07:50):
She says she felt like a saving her three hundred
and forty nine dollars is pretty great for something she'll
use every week.
Speaker 2 (07:55):
Adore. Well done.
Speaker 3 (07:56):
Next, I've got money win from Belinda, who said, you
finally got herself one of those Baker's Delight too good
to go bags.
Speaker 2 (08:02):
I really want to do that, but I haven't. I
haven't done it yet, and I also know that I
will eat absolutely everything in there, like I just know
that that I don't need it. Well, she gave us
little peak of what so.
Speaker 3 (08:13):
She had one loaf of bread, six bread rolls, four
sweet scrolls, and two savory rolls much for nine nine nine?
Speaker 1 (08:20):
No?
Speaker 2 (08:20):
Absolutely, my god, like six rolls easy, you already got
your life. They're like more than a dollar nowadays, so
it's insane, or I think that's insane for some flour
and some seven dollars at least for a loaf of
bread from Bakers Toll. I'm sorry. Baker's delight, I do
love you. I love Bakings Talk. So they're TikTok girl.
(08:41):
They're like a social media manager. Her name's Madeline. I
don't know how to do because I follow them on TikTok. Anyway,
do you want to know more goss about Madeline? Any
I feel like I know her from I don't know when.
Maybe we are like you know those faces where you're like,
I know this girl, I reckon I worked with her
in retail at some point or did something. We've crossed pads. Anyway,
they're TikTok. They're hiring for her replacement because she's going
(09:03):
on maternity leave, and like, sorry, I'm so invested in
this replacement process. Baker's delight TikTok stillapps.
Speaker 3 (09:09):
So good that I saw them making buns once. It
was delightful and they.
Speaker 2 (09:14):
Have a new Sorry, they have a new This is
not sponsored by Baker's Life, but if you want to
be call me babe, like it could be the Baker's
Delight Money wins. They have a peach stone now and
it's frosted.
Speaker 4 (09:31):
After this episode, which sweet because you know the like
the custard walnut.
Speaker 2 (09:36):
Yes, didn't so good and they do really good danishes. Anyway,
let's move on. They're literally not paying for this. I
should be next from Victoria, who said I great name.
I've also never met a Victoria, or I didn't It
is a Victoria with two teas. We've had a Beck
that wasn't you. We've had a Jess that wasn't you.
Now we've had a Victoria. And it's actually very fins
(09:57):
so self centered. I like this.
Speaker 3 (09:59):
But Victoria said she went to buy some multi vitamins
from Chemist's warehouse. They were selling at their normal price
and a competitor had at cheap house, so she flagged
the cheaper price and they ended up charging her less
than what the competitor.
Speaker 2 (10:10):
Had it because they percent, that does sound like something
I would do.
Speaker 1 (10:13):
There you go.
Speaker 4 (10:14):
It sounds like me had a cheap buzz in Chemi's warehouse.
Speaker 2 (10:17):
I'm fine, I find that hard to bleed. Well, it's
all true. I'm going to need receipts.
Speaker 3 (10:22):
And lastly, this week, I've got a money from Christine
who said she took her kids to Disney on Ice
on the weekend and they brought their own it is
but Christine said, no, no, no, we're bringing our own snacks,
our own drinks, and the kids were happy to just
pop the bubbles coming out of other kids ones. So
we didn't buy any of the merch. She said, they
avoided paying the mouse tacks and saved themselves hundreds.
Speaker 2 (10:41):
Okay, I also have another hack because I'm on parenting ticks.
They came that one. They came up bubble wand is
like twelve dollars, whereas if you go to Disney or Ice,
apparently the bubble one's like fifty nine dollars. Are really
joking that a bubble wand extortion soapy water go. I
only have a one year old, so we're not at
the point where he peer pressures me into purchases yet.
(11:03):
I just know that we'll get this crazy No. So
Kmart has a bubble wand for those of you who
might be interested, that could also be a really good
present like Halfy's only one. Anytime I get bubbles.
Speaker 3 (11:14):
Out, bubbles are fun chaos byot, that's crazy.
Speaker 2 (11:19):
I love this those good money wins. Miss specs, yes,
tell me I can. What have you got? When it
comes to broke tips? And for those of you who
maybe missed it, we now have a broke tip thread
going live every single week in our Facebook group, where
Beck goes in and has a little bit of look
at your broke tear?
Speaker 1 (11:37):
Do you?
Speaker 2 (11:38):
But also so does everybody else?
Speaker 3 (11:40):
And I want you to do that.
Speaker 4 (11:41):
I want to love had all of them, but I'm
scared that I'll miss one, and so for that reason,
I don't.
Speaker 2 (11:47):
And that's why I now no longer love heart people's comment.
Then you get off it, and then new comments happen,
and then people might think that yours didn't yeah exactly.
Speaker 4 (11:54):
Or even just like sometimes you just randly miss one.
You're like, oh my god, this person might think why
didn't you? Like what if I come in on your
And then I'm like, oh my god, this is incredible.
But someone one hundred comments down said the same thing earlier.
Speaker 2 (12:05):
I don't know. I just get anxiety. I don't want
people to think that have got favorites. I don't. I
love you, I know, Okay.
Speaker 4 (12:12):
So this first one comes from Jacinta, who said that
she did surveys on Pure Profile because she knew she
was running out of money for food.
Speaker 2 (12:19):
I totally get it.
Speaker 4 (12:20):
I've been there so many times, for every single day
of my life. She did enough to get twenty doll
about your fo woolies and bought stuff at twenty three dollars,
used the three dollars of her own money, and it
helped loto hate.
Speaker 2 (12:30):
That's actually such a good broake tap. If you've got
no cash, if you can go to twenty bucks, ten bucks,
twenty dollars is twenty dollars.
Speaker 4 (12:37):
I know, so pure Profile. I know we talked about surveys,
but I had not heard of this one before. So
I leased that one back in the day. I'll let
you they go, I know the other year. Otherwise it
was shutting down real quick. This next one comes from
Shiara I'm so sorry, I'm seeing your name incorrectly, who
says that she uses a massage gun. What she does
is she holds a massage gun to an almost empty bottle,
(12:59):
such as lotions, shampoos, et cetera.
Speaker 2 (13:01):
Oh, it's like turbo shake, Yeah, turboshake.
Speaker 4 (13:04):
And then actually after she sent me that, there's all
this like thing come up on my Instagram kind of
like literally doing that or someone doing that. It wasn't
like say, it wasn't just like that would have blown
me away, but it was not just sent up. It
was someone else that's on puberty the page, and she
put the massage gun to the lotion and it all
came out like it's not like down droops and drags,
(13:25):
it's like the whole thing. Well, it makes so much
left shaking.
Speaker 2 (13:29):
Yeah, isn't that wild. See I don't own a massage gun. No,
I don't use a massage gun, and physically I have
no need for it. But I have, again going back
to TikTok, I have seen people use the massage gum
or using the vacuum in their car to like make
all of the dirt vibrate and then right, and I
just I've never wanted to try something more in my life.
(13:51):
Like so I love cleaning my car. In fact, this
is going to sound so lame and you know what,
a little bit out of touch, but I have a
car cleaning subscription to a car wash near my house,
which actually, because I do wash my car, I would
say it like every week. Yeah, it becomes like I
think it's like less than ten dollars a wash, and
like this is like a good wash and it includes
(14:11):
the vacuum, so like when it's like a self drive through,
like no touch, like car wash thing drives your car,
you drive out and it has the free air gun
and it has the free vacuum, so you can vacuum
to your heart's content. And I love that, but I
really need the massage gun for that. You can bever
in mind, thank you, but I don't know if you
want me putting it on the carpet of my car
(14:32):
after my dog's been in it.
Speaker 3 (14:33):
We have a few in our house because I'm dating
a physio, so maybe we just have Well one can
become the designated Karma.
Speaker 4 (14:38):
Car massage and beg, what have you got? So this
is something I noticed the other day. It was like,
well it wasn't the other day, but it was community
cup time.
Speaker 2 (14:46):
You guys know community cup. I don't big thing in Melbourne, Wow,
not big enough for us. We have heard about it.
It was like we do live under a rock though
you were a much more social being than both just
and I combined.
Speaker 4 (14:58):
It was it's quite, it was so so cold, it's overwhelming.
There's people everywhere, and everyone you've ever met will be
at this place. I mean it was in abspent, so
the first time I had gone, So I don't know
if it's always an ABOSPHD. But I popped in because
I was going to uber there. I didn't want to park.
I popped in the address for the park. I said
Victoria Park whatever, and then the uber was like twenty dollars.
Speaker 2 (15:16):
I was like oh.
Speaker 4 (15:17):
And then instead I zoomed all the way in and
I put an address that is across the road. It's
like eleven Louley Street or whatever. Yeah, fourteen dollars.
Speaker 5 (15:26):
Oh, no way.
Speaker 4 (15:28):
So I feel like and I have in fact checked this,
but I feel like, no, but that makes it's an
event or if it's a location like mcg or something
like that, then it'll automatically it does. It's like when
you go to the airport, Yes, like the airport tax
So if you put like, I don't know what addresses
around the airport, but you know, just give it a go.
I think if you're going to an event, if you're
(15:48):
going to a concert or something. Don't put the concert location,
don't put the arena or whatever. Put the exact address
across the street, or just an address close by that
you're happy to walk from they're happy to walk from,
or even the address of the stadium.
Speaker 2 (15:59):
I haven't tried before. I reckon that wouldn't work. Maybe
not surely it would be associated, because I feel like
whenever I put an address in, it'll like auto correct
to the location name.
Speaker 4 (16:08):
Yeah, true, true, ture true. I like your very very
thank you, thank you very much, so very smart. That's mine.
I love that.
Speaker 2 (16:17):
I feel like that is very good. All right, let's
go to a really quick break because on the flip side,
I'm actually really excited about this. Our first question, I'm
excited about this, but like the second part juicy. But anyway,
the first one is our money dilemma, which is all
about managing money from a side hustle, which I think
is going to be really helpful. But the juicy one,
you guys slid into our dms and you want to
know whether your choice of partner is actually one of
(16:38):
the biggest financial decisions you'll ever make. Oh, I don't
think people are ready for that conversation. Anyway, We'll see
you right after the break.
Speaker 3 (16:50):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 2 (16:56):
Hi, there, have you got a money dilemma you just
can't solve? The She's on the Mine 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. I just have a question.
Speaker 5 (17:21):
I have a day job, but I also have a
side hustle, and I have both tums of income coming
into the same account at this point, separate accounts within
my bank, so they are separated, but I don't have
a different bank. My savings from my day job go
(17:43):
into a separate micro investing app which I use called Blossom.
But the savings or the earnings I make from my business,
I just don't know what to do with them, so
they're just sitting in the account that's holding them. So
I've got a couple of thousand dollars in there, just
sitting there and they're not earning any interest, they're not
(18:03):
doing anything. But I'm really hesitant to put them in
the same pool as my personal savings. For some reason,
I feel like they should be separate thing. And I
don't want to start something that isn't correct and isn't
going to help me out tax wise as well. But
I just don't know what to do or who to
ask around business questions. So if you could provide some light,
(18:27):
that would be amazing. Thank you so much.
Speaker 2 (18:30):
Well girl, you've come to the right place. And I mean,
I'm not going to ask the two of you what
I would do because I think or what you should
do keep it separate. I'm sorry. If you have a
side hustle separate bank account, I don't want to see
it going into your go and register it as well,
like set it up as a separate business bank account,
because it's messy. Like let's say you're stupidly successful. You're
(18:52):
making your personal life harder, You're making your taxes harder,
like you don't know when you need to pay tax
on your side hustle income. Like Beck, this is at
you specifically, because guys, what's your business little shout out.
Beck has decided to go all in on her business recently,
and you've set up a whole website. You spent fourteen
dollars on a domain, and that is putting your money
(19:13):
where your mouth is.
Speaker 4 (19:15):
What is the domain designed by becku dot com todau.
Speaker 2 (19:19):
I'm obsessed and like I have commissioned a piece? Have
I actually commissioned a piece? Because I didn't pay for it,
I use it. It's still a gifted a piece. I said,
Oh my god, I've always wanted Okay, you're gonna love this.
I've always wanted one of those spoon rests. Yes, that
is actually a ravioli. Oh I've seen those are very
coch Yeah. So Beck made me one pink. It's pink
(19:41):
and lives on my shelf and I love her. But
very cute stuff. Anyway, we'll put the link in the
show notes because like girls supporting girls. Anyway, get a
separate bank account, Beck, if you don't have a separate
bank account for the money that you're making from your pottery, canceled, Like, Okay, no,
you're gonna go get a separate bank account. You don't
have to go and set up as a business. You
(20:02):
can still be a sole trader, but have it be
separate so that you can track the income coming in
and the income going out. It's going to make tax
time easier. It's going to make literally everything easier. You
can also track how much money of your personal money
needs to go in there, right because beck, I can
almost guarantee like you're pururchasing clay paints glazers with your
personal income, right, so transfer that money, like go all right,
(20:25):
well I'm going to go down to E cards or
whatever it is the craft store and purchase clay. You
can track how much you've transferred to that account and
see how much has been going in versus coming out,
and then all the profits going to that and it's
just it's going to be clean, right, Yeah, it's going
to be clean. Yeah. Do you have any other tips
for small business when it comes to the banking side
of things?
Speaker 4 (20:46):
Well, personally to start as this question does come at
a really good time, so thank you very much. I mean,
I don't know if this is the same situation, but
I use I'm using Stripe, which I think is like
is that right?
Speaker 3 (20:59):
Yeah?
Speaker 2 (21:00):
Stripe or you u stripe? Oh my god? The payment system.
Speaker 4 (21:03):
Okay, that's so companty because I was like, I don't
know what this text me ask me, Oh my god, true, I.
Speaker 2 (21:08):
Don't know why I'm not doing this. And it's not
even that I know, it's that like I was born
to yap. Yeah, and like also research, so if I
don't know, girl, you best believe I'm a fine out.
Speaker 4 (21:22):
So that, but that's not the same, hey, because I
can see what's coming in, I can't see what's going out.
Obviously that's more like bank account, but that that is
helpful for incoming. But you're saying, like, get a whole
new bank account for this particular side hustle.
Speaker 2 (21:35):
Understood it, understood, Okay, that's good to know. And then
just like name it like your business name. So everything
is just really clean, really fresh, easy, because at one
point it's going to tip over being a hobby and
like a tiny side hustle to being something that you
need to pay tax on, and hopefully at some point
you're going to need to pay GST on and you know,
really scale it. But you don't want to have that
be mixed up with your personal income and other jobs
(21:58):
that you're doing on the side to pass time more,
you know, put money and food on the table right, totally,
just keep it separate, right totally. Also interesting side note, Beck,
while we were listening to that, you guys probably didn't hear.
In perfect synchronicity, Jess and I made the sound ah
when our listener question mentioned the Blossom app. I was
(22:22):
curious about that. You were like, why are you two v.
Speaker 5 (22:27):
Now?
Speaker 2 (22:27):
Jess, We've had some conversations historically on air and off
air about Blossom app. Is the app badge?
Speaker 4 (22:37):
No?
Speaker 2 (22:38):
Is the apple legitimate? Yes is some of the marketing misleading?
Yes is how I feel now. Blossom app is an
app and our money diarist or sorry, not even our
money direst our listener question literally said, I'm using it
to invest Iconic. You are using it to invest. But
if we go to the website and I'm on the
website right now, Jess and Beck and I feel like
(22:59):
this would get Beck like in the nicest possible way. No, No,
because you just take people for their word. I'm already
and you already like, and it's not because you're silly,
it's just because you are an average consumer.
Speaker 3 (23:10):
Well, and the listener said that they're putting their savings
in BLOSSOMUS, Yeah, which is very relevant.
Speaker 2 (23:15):
Yes, So like Beck, have you heard of Blossom app?
I haven't. Let me read you the marketing and you
can tell me what it is, okay, right, So Blossom
where your savings go to grow. You can get between
a five point four five and six point five per
annum targeted return. Join thousands of Australians who have discovered
a new, healthier way to save your money. Your way,
(23:38):
no account, feest healthy returns. You're doing well. Their product
is called Blossom Save and it gives you freedom and
flexibility whilst you save. What is this product?
Speaker 4 (23:49):
I would say it's a very high interest savings account.
Speaker 2 (23:54):
No No, And that's where Jess and I are probably
not that comfortable with it. It is an investment. It
is an investment platform and they invest your money for
long term returns. That's why they can target such high
five point four five and six point five percent return.
Right now in this current economy, a savings account is
(24:17):
not going to get you that. So you might look
at it and be like far out, like that's why
And I mean it in the nicest possible way. And
I know people have messaged me before and they've been like,
why do you say things like that why you mean
to Beck. I'm not mean to Beck. No, he's my
normal consumer. She is my friend. I think she's so smart.
But like, I just know you'd read this, and like,
but you and I both know you're never going to
(24:38):
read the PDS. You don't scroll to the bottom and
click the PDS.
Speaker 4 (24:40):
I do.
Speaker 2 (24:41):
And it's an investment platform. It's also targeted returns.
Speaker 3 (24:44):
It's not guaranteed, so they can say, yeah, we're aiming
for that, but if they return is less as far
as I know, no accountability.
Speaker 2 (24:52):
They are an investment fund, and like if you go
into the PDS, it says the target rate of the
annual return from investments retain in the fund is not
guaranteed and no assurance is given that the target rate
will be achieved for any time the investment is held
in the fund. I'm targeting two returns a fart. But
I think if we then use the average consumers experience
(25:16):
right and go Your experience with savings accounts is that
if they say they return three percent, they return three percent, right,
So when you will read out all of this marketing,
and I said, where your savings go to grow? And
you're going to get four point four to five. I
think you skimmed over the word targeted, didn't you. I did.
Speaker 4 (25:34):
I thought targeted maybe is like they're purposely doing something yep,
and then that's yea.
Speaker 2 (25:40):
And then I doubled down and I gave you the
next line, literally scrolling on the homepage, which says, joined
thousands of Aussies who have discovered a new, healthier way
to save. I'm sorry that is not saving if you
are investing your money and there is risk involved. I
am so fine with your platform, Like, there is not
anything wrong structurally, your money's not at more risk than
(26:01):
any other type of investing platform. But call a stick
a stick.
Speaker 3 (26:05):
Yeah, yeah, I don't like that because I think, yeah,
listening to our listener's voicemail, they even said, you know,
my savings are in this platform, and it kind of
makes me go, well do you. You know, typically we
say don't invest your savings if you plan on having
access to them any time soon, and we don't have
this CEM one. But I think the language can be
very confusing, and as you said, like it's something they've
(26:28):
changed it.
Speaker 2 (26:29):
You know, it's been a few years that this platforms
been around them. I've spoken to their owner. I've spoken
to their founder, I've had these conversations. They've invited me
to Sydney to have conversations with them, and I basically said, like,
so happy to continue the conversation, but anything that you
say surely can be put on paper for me to understand, Like,
surely you can put it in an email and articulate
(26:51):
yourself in a way that makes sense, because if you can't,
to me, that doesn't feel right. And so I don't know.
I just I think when you look at the like
risk return like chart and we're looking at different investment options,
there's like you know, savings accounts and then there's bonds.
This is more risky than both of those things. Yes,
it's not the same risk that you carry as putting
(27:13):
your money into the Australian Stock Exchange. It's slightly less.
But I think that they're trying to align with their
marketing to being a savings account, which if you as
a consumer, are like, oh I don't want to invest
yess I'm too like I'm a bit adverse for that.
Oh I don't know about a bond. But then you
see this marketing you might go, oh, well that's for
(27:33):
me because it's where your savings go to grow. And
the language is comforting, and I think that that. I
feel like they're doing everything right from a compliance perspective
in terms of their actual product, but when it comes
to the marketing, I just go, I'm sorry. This is
why the investment industry is so confusing. That is why
so many people are like, wait, that's an investment, but
(27:54):
there's this isn't. But yeah, like, if you want a
good high interest savings account, a road a hole blog
on it, check it out, check it out. I'll put
all of the good links in the show notes for
our most recent savings account thing, because like I think
every six months or so I do a blog or
the team actually all put together a blog on the
best high interest savings accounts in Australia so that you
(28:15):
guys can do it without any like hoops or anything
to jump through because you know how sometimes there's like
minimum deposits or whatever. Anyway, none of that. I could
go on and on, but I just think you guys
deserve transparency and maybe potentially allegedly that company is not
giving you that, and that just doesn't see it right.
Speaker 3 (28:34):
With me.
Speaker 2 (28:35):
Anyway. That's a little bit of the tea, but do
you want more tea? Absolutely?
Speaker 1 (28:41):
Right?
Speaker 2 (28:42):
So this week we had a listener dam and you
know what a little bit more juicy than what we're
just talking about. Ready, okay, Hi, she's on the money.
I keep seeing money influences say your partner is the
biggest financial decision you'll ever make. But I didn't even
think about that at all when I fell in love.
Emotionally the relationship is solid, but financially we are not
(29:02):
on the same page. And the more I notice that,
the harder it is to unsee. I listen to the
money diaries, so I know people can change, But lately
I've been wondering if this is something I should take
more seriously. Then I feel really guilty, like am I
being too shallow or too focused on money? I wasn't
like this before, but now I don't know if I'm
overthinking or finally waking up. What would you do?
Speaker 1 (29:25):
Oh?
Speaker 4 (29:27):
This is tugging at my heart shrinks because as the
I mean, they didn't say, this person didn't say, but
I can only assume that they're they're the more responsible
one with money and their partner might not be. And
I am the partner that is not. My girlfriend justs
is very unhappy that I quit my job for a
full week opportunity.
Speaker 2 (29:44):
And I don't know why. That's crazy. I know it's crazy.
She's crazy. I'm just kidding. No, that's very very valid.
Speaker 4 (29:50):
But I think that before her, I've always been a
little bit like risk taking. I don't care if I'm
living Pachrick paycheck. I don't care if I'm broke. I
honestly don't mind. And so feel like maybe depending on
where your partner is coming from and how they've lived before,
and if they always get back on their feet and
if they don't rely on other people around them, then
(30:11):
at this moment.
Speaker 2 (30:12):
Totally fine. I think that. So I can, like I
can totally understand it.
Speaker 4 (30:16):
Some people don't work in this way where they're thinking
about money and they thinking about savings and they have
this intrinsic like just motivation to save for a future.
Speaker 2 (30:26):
Some people just do not have that.
Speaker 1 (30:27):
I do not have that.
Speaker 2 (30:28):
I can't be taught to have that in me. I can't.
I will just do it because I hell nose.
Speaker 4 (30:34):
I've tried exactly like I mean, for like three years now,
like I just.
Speaker 2 (30:38):
And like you know, and I know I think that
that's what's kind of so cool about Cheese on the
money side step is that, like, you are so different
to Jess and Die and it's not a negative or
a positive, it's just who you are, and like that's
a cool thing. But we've got so many diverse people
in our community. Some might be like Jess and literally
stockpile every cent. Someone be a little bit more like me,
(30:58):
who I take risky decisions, but I'm also relatively financially
like stable when I make those decisions, and I'm always
calculating everything, And then there might be people like you, Beck,
And I don't want people to think that there's only
one way to manage finance. Yeah, totally, as long as
you are educated and have the knowledge and the tools
and the resources, and I've given it to you on
a silver platter. I don't care how you use them. Like, yes,
(31:19):
in a perfect world, i'd love Beck to budget. Oh
my god, like my life would be made. But at
the end of the day, you're an adult, and I
respect your decisions because you're an adult. But like, I
think that everybody deserves access to those tools. And if
you didn't have access and you're in a really shitty
financial position because you hadn't been given an education. That's
not fair. Yes, but now you're making decisions and you're like, well,
(31:41):
I know I could do this all that you've made
the decision that's right for you, Yes, the decision that's
right for society.
Speaker 4 (31:46):
Totally, totally, I completely agree. And so I guess in
saying that right now, it comes down to if your
partner is I guess in any it doesn't even know
if it's finances or anything, like, if you're dating someone
who never cooks, never cleans, never does any like holds
any of the mental load, I feel like it's not
the exact same, but it feels like if your partner's
willing to change to help you and your future together,
(32:08):
regardless of what it is. Maybe they hate cleaning, but
they just have to do it. Maybe they hate saving,
or they just don't know how to do it, but
they just have to do it. It's like that's a
complete different situation their relationship with money. Because I'm on
the other end, I understand that some people just don't
have that and don't live like that. But I will
commit to saving for a future with my partner because
(32:30):
that's what's in the cards, and so I feel like
that's probably more the conversation. And if your partner is
willing to just do it, even if they hate it too,
also give them some objective, something to work with, something tangible,
be like, if we save this amount, this is what
our future will look like, because otherwise it's just invisible
and it's just like there's no motivation to do that.
But anyway, so I think that's probably the conversation I
(32:51):
would be thinking about. If that makes sense, What do
you reckon?
Speaker 3 (32:54):
Yes, I think the saying you know your partner is
the biggest financial decision or whatever it is it comes from.
I yes, that that concept of like you're the sum
of the people you spend the most time with. I
think it's like the seven people closest to you kind
of form your core personality traits or something like that.
There's some psychological study, I think, because your partner, assuming
(33:14):
you know, a traditional relationship where you eventually are building
towards a life together, they're the person who spend the
most time with, your life is so interlinked with them
in terms of your finances. If you choose to have
children or maybe own property, or save towards other important
goals for you. Guys, your lives are so intertwined that
their take on money has a really significant impact on you,
(33:36):
regardless of how you each manage it, and so I
think that concept is kind of reflecting on the fact
that it can maybe cause friction. I think in your
relationship if you have two people, particularly if someone isn't
willing to do as you are back you know, you've said,
you know, I acknowledge that I'm not great with money,
but I will work towards goals because that's what my
(33:57):
relationship needs to progress forward. Not every body is able
to draw that light in the sand, I suppose and
make that decision. I think at the same time as well,
if someone doesn't match your energy, if you're the person
who is let's say more aspirational, if you have high
savings goals, or if you have big goals for your
life in general, even outside of money, if your energy
(34:19):
isn't being matched by your partner, it can sometimes take
the wind out of your sales a little bit and
hold you back because you're maybe working to accommodate there more.
And that's not a bad thing, like compromise is important
in any relationship, but At the same time, I think
like you also need to acknowledge that, you know, if
two people go okay, well, regardless of how good we
(34:40):
are with money or what we want to do, we're
going to find a way to make our dreams work.
Like that is very powerful as opposed to maybe one
person being like, oh, I want to do this, I
want to do that, and the other person being like, oh,
it'd be nice, but we can never do it. It's
almost like psychological beyond just the actual financial stuff. But
I feel like you're going to explain that a little
bit of me because I feel.
Speaker 2 (35:00):
Like I would, No, you're not. I mean, if I
look at my situation, my husband and I got together
and when we were just dating, we're both in personal debt,
we both had personal loans, we both weren't good at money,
and we have learnt together what that means and what
our values are. And I'm just I would say, very
lucky to have obviously met someone have fallen in love
(35:21):
with madly want all these babies ten out of ten,
but also somebody who has the same values and goals
and like, I guess lifestyle aspirations that I have, because
that could have been really hard, and I'm not in
that position. But I mean, if you take a really
big step back, the idea of marrying for love is
actually really modern. If we look at history, we actually
(35:42):
married for money. We married, I guess more specifically for survival.
We married for status, We married for strategic advantage. Families
negotiated marriages based on what they could get out of it,
like these idle women. No not, yeah, little women do
you can't what is it? You can't tell me? Married
is not an economic proposition exactly, it absolutely is. And
(36:03):
I mean for much of history, marriage was less about
romance and more about alliances between families and safely transferring
wealth and securing land or you know, ensuring a social
standing or social status, and like that's just the logic
of it. Like romance is a privilege. Love was a bonus,
but not a requirement. And I think if we go
(36:24):
back to that, I'm not saying that that's a good idea.
That was all about survival. Now, sorry, we're staunch feminists.
I can go get my own job and I can
choose to marry for love, and then it does come
into it, because you're right, somebody could take the wind
out of your sales if they're not in the same
situation as you, And I think I mean to be
really brutal. Yes, in many ways, marrying for your choice
(36:46):
of partner is the biggest financial decision you'll make. And
I saw a TikTok the other day. I feel like
all I do is talk about TikTok and a woman said, oh, girl,
all mental disappoint you, just marry for money, because at
least you'll be happy with what outcome happens. And I'm
not saying that's a good idea because a man is
not a financial plan, but literally, the person that you
marry affects everything from how you manage money day to
(37:08):
day to how you plan for your lifetime goals, for
how you go on holidays, for how you plan on
raising kids and buying a home, and like what does
retirement look like? And having a partner that shares your
values and is able to communicate openly and honestly with
you and respects your financial boundaries, I think can help
you build a secure financial future. So maybe I'm a
little bit more savage. Maybe I've just unfortunately seen one
(37:31):
too many divorces come through my financial advice doors. When
I was an advisor that I am quite negative about marriage.
Am I married?
Speaker 1 (37:39):
Yes?
Speaker 2 (37:40):
Am I in love with my husband? Absolutely? Yes? Am
I lucky that we're on the same financial page? Yes?
But I think that constantly fighting about money and constantly
feeling alone in that that's not worth it. Yeah, Like,
because if you don't feel like you're supported, I'm sorry,
it's no longer about finances anymore. If you don't feel
supported full stop, you're in a marriage that's not going
to work. It's like the finance is almost just a
(38:02):
small element of love. Is so important. Love is like
to me, it is so important, But so is financial compatibility.
And I just I'm sorry, I'm so negative about that.
And they're going to be people who go it doesn't matter,
like I would work my life away from my partner. Amazing,
you're actually financially compatible.
Speaker 3 (38:20):
Yeah, but exactly like you, right the example Beck was giving.
Speaker 2 (38:24):
Yeah, So, like, financial compatibility doesn't mean fifty to fifty. Yeah,
that's not what the default is. Financial compatibility means you're
both happy with what you contribute, and you're both happy
with how that works and what that looks like and
the lifestyle you achieved from that. Yeah. But if you're
not on the same page. I just don't see how
it's gonna work out long term. Sorry, by what did
everybody else say? Okay, so the rest of the community
(38:44):
or juicy? So we did ask a few questions. First, First,
we said, do you think who you choose as a
partner is your biggest financial decision? Surprisingly, twenty eight percent
of you said yes, interesting, sixty nine percent of you
said it's just one piece of the puzzle, and three
percent said money is separate. Then we asked, can a
relationship work if you're on different pages financially? Seventy two
(39:07):
percent of you said it can, but it is very
hard work. Seventeen percent of you said it's a time bomb.
Seven percent of you said yes, love is the most
important part in four percent said no, red flag interesting,
very interesting. And then I asked the community. I said, girl,
what's your two cents? And did you have four cents?
First person said, give it time and see if you
(39:28):
can get on the same page before making any big
financial decisions. Next person said, you don't want to be
the one with money ready for a holiday with someone
who can't go anywhere. Next person said, communication and education,
that is what I have learnt from She's on the Money,
and I love explaining what I've learned from She's on
the Money to my partner. Oh how many times does
this come back down to? Is communication? Next person said,
(39:51):
you can have different mindsets, but if you can't talk
about it like mature adults red flag.
Speaker 3 (39:56):
Emoji, that's a big one. The communication, like the level
of communit. Yeah.
Speaker 2 (40:01):
Next person said, I ended a marriage after only four
months due to different financial pages. It was a time
bomb waiting to burst. Next person said, I have separate
accounts of the line with my goals, as does my partner,
as we don't always agree on the financial side of things. Interesting.
Next person, and this is the last one that I'm
going to share, said, dating in twenty twenty five is cooked.
(40:23):
Keep them if they are a good egg.
Speaker 3 (40:24):
I mean, it's tough out from what I've heard from
the girls, So that's all the same.
Speaker 2 (40:29):
It is tough. But I do think being on the
same financial page is going to reduce friction in your relationship,
like and I'm just all about not having a friction relationship.
Like it's some people are meant to be some people aren't,
and that's fine. I don't ruber up. I think would
you rather cry in a Corolla or a Lamborghini.
Speaker 4 (40:49):
Just the last thing I want to say is that
do be mindful that some people have like really like
you know, this privileged scene, like some people didn't grow
up with much money, and it's like anxiety and chat
to have. And also that's something you read.
Speaker 2 (41:03):
You can be on the same page financially with someone
who has the money. That's so true. You can be
on the same page, read somebody. It doesn't mean that
you have millions. Like we're not talking about needing to
become a millionaire family. We're just talking about are you
spending in line with your goals and values? Are you
achieving the life that you want? Because like, can you
imagine Beck if your partner was like, well, I want
(41:25):
you to save every single dollar because we need to
have six million dollars invested by the time we get here,
and you literally couldn't care less about that, and that
was all they cared about. They just cared about the money.
Like maybe they should go be with someone who makes
more money and cares more about money and that would
make them happier, like totally, and that's not the case.
So like, no to be on the same page financially
(41:45):
with someone doesn't mean you even if I have a dollar.
In fact, my husband and I both started in debt
and we're still on the same page. Yeah, and that's okay. Anyway,
it's okay. I think that's all we've got time for today,
my babies. Yes, I think so as gorgeous place to
leave it. Yeah, I see you on Monday for money,
diries and have a good weekend, babe, by guys bye.
(42:09):
The ad by 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 Divine and She's on the Money
(42:33):
are authorized representatives of Money. Sheper Pty Ltd ABN three
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