September 4, 2025 • 32 mins
Tax time always feels like free money season… but is it really? This week we’re debating whether your refund should go straight into savings, into shares, or into the nearest Dyson Airwrap. And just when things couldn’t get more divisive, a community DM slid in: should you still split bills 50/50 when your housemate works from home (and claims it all back on tax)? Is it fair, or are you low-key subsidising someone else’s career? And we've got your community money wins, broke tips you’ll want to steal immediately, plus all the Friday chaos you signed up for.
Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name's Sasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya
Niana Kaka yah y and beIN Ahaka Nian our gay
In Mbini yakarum Jar Dominyamika Umagahawaka Woman Damon Imlan Bumba
ban Gadabomba in and now in wakah ghan On yak
rum Jar water Nadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank, acknowledge and
respect the Abigin people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money.
Speaker 4 (01:08):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It's our
favorite day of the week because we get our team
together and we celebrate you our incredible.
Speaker 5 (01:18):
She's on the Money community.
Speaker 4 (01:20):
Mister Garci, She's here as always sharing her favorite money wins.
Miss Becksayed has a few cheeky broke tips, and today
we're going to be helping to answer money dilemma about
what you should do with your tax return and something
that you slid into our dms about should you be
footing the bill for a housemate.
Speaker 5 (01:37):
That is working from home.
Speaker 4 (01:39):
I feel like this is a good one, and we've
kind of touched on it before because you work from
home and your partner.
Speaker 6 (01:43):
Does housemates the west from home, but it's also.
Speaker 4 (01:46):
A different conversation when your housemate's not partners.
Speaker 3 (01:49):
Well, that's it.
Speaker 4 (01:50):
I get there before we get there, though, my loves,
How were your weeks?
Speaker 3 (01:55):
You go first?
Speaker 6 (01:56):
He's been good. I have just kind of in bubbing
along living life, not doing anything super exciting. To be honest,
I wish I had any fun to report, but gorgeous,
I don't.
Speaker 3 (02:06):
It's okay, what about you? Really good week? I'm going
to Thailand in like three days. That's I'm sorry about that.
Speaker 7 (02:15):
Talk about that just for one week because my girlfriend's
going over there for a dance retreat and she was
like a treat.
Speaker 3 (02:22):
She's a dancer, isn't.
Speaker 5 (02:23):
That Like I knew that, but like so very cool.
Speaker 7 (02:26):
It's so like that of course, you know, like she's
already so hot and then she also is a dancer.
Speaker 3 (02:31):
It's like this, you have lucked out. I know, I
don't know how I did it. I really didn't know
how to do this, but anyway, and so I'm not
going to meet her over there after the dance stuff.
Speaker 7 (02:38):
I should really be listening more to what she's been
telling me, because I'm just calling it dance stuff.
Speaker 3 (02:42):
But I'm sure there's more to it. So I'm kind
of excited for that. But I hate flying, so I'm anxious,
But that's okay.
Speaker 5 (02:48):
What is your strategy when flooring?
Speaker 2 (02:50):
Man?
Speaker 5 (02:50):
If you're anxious?
Speaker 7 (02:51):
I don't recommend this, but I either go to my
doctor right and I get some things prescribed, or I
just pinch my eyebrow so brow hard no that I'm like, no,
I can't focus on anything but the pain.
Speaker 6 (03:04):
I do it.
Speaker 3 (03:04):
I do like all my thighs. Like the pinching is
an annoying feeling.
Speaker 5 (03:08):
You know, this is just not how I saw this
conversation going.
Speaker 4 (03:11):
I thought you'd have like breathing strategies or something, and
you pinch yourself.
Speaker 3 (03:15):
I need to disassociate, you know, But that's me, And
how about you VD.
Speaker 4 (03:19):
Like when I fly, I you have a valium and
then have a red wine on the plane and I
find that does the job. Yeah, that does a job.
Can I medically recommend that?
Speaker 5 (03:28):
Absolutely?
Speaker 8 (03:28):
Not?
Speaker 4 (03:28):
Is that probably irresponsible? Absolutely? But my doctor prescribed it,
so it must be legal. And nobody stopped me. Like
before they served me that red wine on the plane,
they went, like, you had a valium.
Speaker 5 (03:41):
Maybe I have, Maybe I haven't.
Speaker 3 (03:44):
Who's okay, it's so chill.
Speaker 5 (03:47):
Yeah, No, my week has been good.
Speaker 4 (03:49):
I just cannot seem to shake this post laryngitis voice,
and it is driving me insane because I actually feel fine,
you know when you're like, I'm fine, but my vocal
cards have not recovered, and like obviously I'm on the
pod right now, so I'm not exactly giving them any
type of chance to get better on their own. I've
just been willing it into reality. I've been like, no, tomorrow,
(04:12):
I'm waking up and I'll be fine.
Speaker 5 (04:13):
And then I wake up and I actually sounds like
the devil. It sounds than thank you.
Speaker 4 (04:20):
It's just really annoying because like then I feel like
my voice gets exhausted really quickly.
Speaker 5 (04:25):
Yes, anyway, so live love laugh. I suppose just like Jess,
do you.
Speaker 3 (04:29):
Guys report I had that a couple of years ago.
Speaker 7 (04:31):
I feel like listeners hopefully remember it is Christmas time
and I was on the show, but I wasn't making
any sound, and so we're like dah, yeah, like listening,
you would be like they're responding.
Speaker 3 (04:42):
To nothing because I wasn't making any noise.
Speaker 5 (04:45):
It can be so it's the worst. Oh my god.
Speaker 4 (04:49):
Before we dive any further in, would you guys like
to hear a little five star review? Read in my
husky voice? Yes, please, I knew you'd want this, especially Beck. Alright,
so we have a beautiful one from Steph b R.
So she says, thank you. I started listening to She's
on the Money in twenty nineteen, upon my sister's recommendation.
(05:09):
I was kid free and in my second year of
full time work. It helped me immensely to focus on
my savings goals and finance several overseas trips. Before and
after COVID hit your Christmas Savings episodes with a push,
I needed to start a Christmas savings account that I
add to fortnightly and saves me so much stress. Once
that wonderful time of year starts now that I'm a
(05:30):
mom of two small kids and money.
Speaker 5 (05:32):
Is way more tight. I love the feeling of community.
Speaker 4 (05:35):
She's on the Money Provides, and listening to v Jess
and Beck as I wheel the double.
Speaker 5 (05:39):
Bram around makes my day. Oh wow is so cute.
That is so cute.
Speaker 4 (05:45):
Well, hi, we met you in your single era and
now she's a mummy.
Speaker 3 (05:48):
Yeah, wow, we grew with you.
Speaker 4 (05:51):
I'm obsessed, Like, I just love our community so much,
like just the idea that like we have got to
hang out with people in just like such different life phases.
We're not just like a Oh I listened to that
podcast while it was relevant, Like I just thought that's
how our podcast would go.
Speaker 5 (06:06):
I don't know if that's silly or not.
Speaker 4 (06:08):
But then people are saying, I've listened to you for
literal years and my entire life's changed, but still relevant.
Speaker 5 (06:13):
I'm like, yes, this is so good. A're still my friends.
Speaker 7 (06:17):
That's so nice, and like we people associate us as
different paths like the walking the pram or oh it's
so cute.
Speaker 3 (06:23):
I think it's really really sweet.
Speaker 4 (06:25):
Someone messaged me on Instagram the other day and said
that they'd just driven to Adelaide and done a She's
on the Money binge listen. They'd organized their episodes so
that like they were like, all right, I'm going to
drive two hours to like this stop location. And she
picked a few episodes because she was like, in the morning,
I'm learning it about investing.
Speaker 7 (06:43):
And I'm doing this.
Speaker 4 (06:44):
And I was like, God, what You're like, that's crazy
crazy cool, that's really cool.
Speaker 5 (06:50):
So just so you guys know, we went on a
road trip to Adelaide. I can't so for us.
Speaker 3 (06:56):
Yeah, that's good.
Speaker 5 (06:56):
Yeah, And we helped someone learn all about invest That's
so cool.
Speaker 3 (07:01):
What a great idea.
Speaker 5 (07:02):
It's so cute.
Speaker 4 (07:02):
Anyway, Miss Jessica Greed she what money wins and confessions
are you bringing to the table?
Speaker 6 (07:06):
Alrighty, first of this week, I've got a money win
it from Lisa, who said she automatically transfers a certain
amount towards her pet fund each week, which is meant
to cover like food and flenworm treatment things like that. However,
she makes sure she has a little bit of a
buffer on the amount that she transfers that overtime, it
slowly builds up. This week, she had to take one
of her goldens to the vet and there was enough
in there to cover the appointment the medicine, and she
(07:29):
bought a little treat for the cats as well from
the same pet fund. She said, it's such a good
feeling knowing that she had the money there pettily because
money's a little bit tighter while she's on matt leave.
And she did provide us a beautiful pet tax photo.
Well done, Lisa. Next, I've got a money confession from Madison,
who said she ticked an item off from her bucket list,
stopping at the Cookers County Cookies Factory in donald.
Speaker 3 (07:50):
That's a bloody Halftimes fast.
Speaker 6 (07:52):
She said she spent fifty three dollars on cookies and
merch and she's really happy. But she definitely didn't need
to do it. And there are a lot of people
who commented saying that like various things from the Cookers
County Cookies factory were very very good.
Speaker 3 (08:05):
So God, where is this?
Speaker 6 (08:06):
Where is I have in I'm assuming Cookers County, Okay,
not sure where that is because Country Cookies apologies, Cookers
Country Cookies.
Speaker 5 (08:14):
I mean that feels still like a mouthful.
Speaker 6 (08:17):
It is still a mouthful.
Speaker 5 (08:18):
I will have to look good it.
Speaker 6 (08:20):
I wonder if it's in Victoria. If it is, maybe
she's on the money road trip.
Speaker 3 (08:23):
Yeah yeah, yeah, we're not too.
Speaker 6 (08:25):
We love a sweet treet. Next, I've got a money
win from Jamie, who said my gym just installed a
coffee machine, so I'm saving six bucks a day by
not purchasing a coffee on the way to work.
Speaker 5 (08:33):
Just so good.
Speaker 4 (08:34):
My coffee machine has been sleighing recently, putting in the
hard yards. Yeah, one hundred percent. I got a new
brevel for those of you following along at home. As
I know, there was a question about like, well, coffee
machine did you pick?
Speaker 5 (08:44):
Because I did a.
Speaker 4 (08:45):
Whole Instagram thing a Brevel and then I buy my
beans at the local cafe, which is probably not a
money win, but I feel like we have it at
home now.
Speaker 5 (08:53):
Yeah.
Speaker 6 (08:53):
Same so perfu Well, Jamie said that she's now investing
that six dollars that she would have spent on a
coffee every day into a chares.
Speaker 4 (09:00):
I need to say, okay, change to set that up,
because it's just it's mindless things and from little things,
big things grow.
Speaker 3 (09:06):
Absolutely.
Speaker 6 (09:07):
Next, I've got a money win from Celia, who said
she found address that she really wanted. The retail price
for it was one hundred and fifty dollars, so she
went on to deep op and found the exact same
dress for ten bucks stop. She put it it off
for eight and they accepted, so with eighteen dollars totally
including shipping.
Speaker 5 (09:22):
That's such a funny win, which.
Speaker 3 (09:24):
Is very well down.
Speaker 6 (09:25):
Lastly, I have a money win from Aunt who said
they had to change the weekends that they were going
to visit a friend. Thankfully they hadn't booked their flights
yet and the weekend they ended up going is one
hundred twenty dollars week cheaper the weekend it was planned.
Love and also just the difference of a week that
your flights can make. If you have flexibility it can
be one.
Speaker 5 (09:41):
Hundred dollars opion flight times.
Speaker 6 (09:43):
Yeah, exactly right.
Speaker 4 (09:44):
Happy to take one for the team sometimes it's worth it,
absolutely And then you can upgrade to business with your points.
And why would you not an out of ten missed?
What have you got for us when it comes to
broke tips this week?
Speaker 7 (09:55):
So the first thing comes from Bridget who says Woolwa's
metro stores. If you have like a Woolies rewards card,
and you spend more than thirty dollars in one shop,
you get a voucher for a free coffee.
Speaker 3 (10:05):
I did not know that.
Speaker 5 (10:06):
That's actually such a good deal.
Speaker 6 (10:07):
I don't know that either, man, that's so cool for
dinner that night or something.
Speaker 3 (10:12):
And then get yeah, and well maybe.
Speaker 7 (10:15):
It goes into your rewards app because I've never seen
I shove it a metro.
Speaker 3 (10:20):
But that's really cool. Thank you, Bridget.
Speaker 7 (10:21):
I will be using that constantly. And the next one
comes from Beck great game, My little cleaning broke tip.
I swear by five dollars seventy five methlated spirits from
Woolies with one lit lasting ages. I pour it into
those magnetic Kmart spray bottles. They stick to the fridge,
washing machine, garage shelves and use it for just about everything. Sorry,
(10:43):
magnetic spray bottles is low key genius. Yeah, that's machine
and stuff.
Speaker 6 (10:48):
I can't rethlated spirits.
Speaker 7 (10:51):
Well, just before anyone buys any she has a like
a recipe. It's the wrong words metho, yes, and you win.
Oh sorry, I'm sorry that was so slowly wind withds
rays fifty to fifty metho and water for streak free,
magic bench spray. I won't go through all these, but
(11:12):
if you go into the She's the Money your Facebook
group and just have a lookout for Bex brick tip.
Speaker 4 (11:17):
Be very careful with your cleaning We're very careful with
your cleaning products, and don't mix cleaning products without checking.
Speaker 6 (11:22):
At least it sounds like the method is being watered down.
Speaker 3 (11:25):
Water down.
Speaker 5 (11:26):
Yeah, but there's things you can't mix as well.
Speaker 4 (11:28):
So if you're thinking, oh, that's great, I'll just add
my favorite cleaning product as well, don't do it because
I know that if you mix bleach and like vinegar,
for example, you create gas and that can actually seriously
harm you.
Speaker 5 (11:40):
So don't mix things.
Speaker 6 (11:41):
Really.
Speaker 4 (11:42):
Yes, that's good to know. No mixing unless it's a
proper recipe. Alright, guys, Yeah, it's very good to know.
And then my broke tip. I came across this and
I think it's only for Victoria. I'm really sorry to say,
but right now me, it's only for Victoria.
Speaker 7 (11:57):
Device. You can get a free water efficient share head
through the Victorian Energy Upgrades Program. This initiative, funded by
a Victorian government, aims to reduce water and energy consumption,
so you can just you already know it's going to
be one of those like weak as hell shower heads,
but it is, you know, it's still it's still good.
It's like a free shower head replacement. And I did
(12:17):
replace mine the other day, and I thought it would
be like five dollars. It's like one of those you know,
just this standards stock standard. It's like twenty three dollars.
So I'm like, that's actually such a good broke to
bougie tip. So like, if you live in a rental
more often than not, you can actually screw off a
shower head and store it in your bathroom cupboard and
put in one that you like. I remember, I lived
(12:38):
in a sharehouse for a very long time without that
knowledge and had the worst shower head, but it had
the best shower pressure. Yeah, So like I just remember it,
and I never changed the shower head. I just remember
the opportunity that presented.
Speaker 4 (12:51):
I could have had a good shower head in that
shower and had an elite, elevated experience. You did it,
but it attacked me every time I went in there.
You know, like the ones that you get at the
swimming pool, you get stream it's kind of like there's
lots of holes, but they all go in one direction
and just like kind of beat the hell out of
you the second you get in the shower.
Speaker 3 (13:12):
Yeah, I kind of like it.
Speaker 6 (13:14):
Want a high pressure.
Speaker 5 (13:16):
I like pressure everywhere, but like I need a bigger
shower head.
Speaker 4 (13:19):
Anyway, you can purchase a shower head and you can
just screw it in on your own, very easy, and
like I would say, a bougie upgrade to yeah, your
next rental, Oh yeah, and don't forget it when you
move out, because that would be a money loss.
Speaker 5 (13:33):
Is that it from you?
Speaker 4 (13:34):
Beck? That is it for me?
Speaker 7 (13:35):
But I was just going to say it is very
very quick and easy. I mean, if you have any troubles.
But when I moved into the sharehouse that I'm in now,
we had water just coming out of the wall.
Speaker 3 (13:45):
That's so I was like, oh, well, we have no choice,
but I wish this was.
Speaker 5 (13:49):
That's actually insane. Is that not the bare minimum?
Speaker 3 (13:52):
I probably?
Speaker 5 (13:55):
Oh God, but that's not willing to put up.
Speaker 7 (13:58):
We're not going to be a botherea You just kind
of like put our hands against the wall and then
smash side.
Speaker 5 (14:05):
All right, let's talk about this.
Speaker 4 (14:07):
We're going to go to a break on the flip side,
We're going to be helping to answer money dilemma about
what you should be doing with your tax return and
something that you slid into our dms about should you
be footing the bill for a housemate that works from home? Guys,
don't go anywhere.
Speaker 6 (14:24):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 8 (14:29):
Hi, there, have you got a money dilemma you just
can't solve?
Speaker 3 (14:33):
The Sheese on the Money team is here to help.
Speaker 8 (14:35):
Every week, we tackle your dilemmas, both big and small,
to answer your most burning money, career and life questions.
To get involved, simply head to our website and leave
us a short voice recording and you might just find
yourself on the show.
Speaker 3 (14:47):
Now, let's take a listen to this week's money dilemma.
Speaker 2 (14:53):
Hije's on the Money, just wanting to get your opinion
on something. So I received quite a sizable tax return
and I'm just wondering what to do with a certain
portion of it. So I've already put a fair chunk
of it into my savings, and I've also topped up
my emergency fund topped up some of my savers. I
put some into my investments, and I of course kept
(15:15):
a little bit decided for a treat yourself moment. And
after having done all that, I have about five hundred
dollars left over. I'm just not quite sure what to
do with it. I have considered putting it into my superannuation,
and I was exploring the co contribution scheme, but I
just don't fully understand that scheme, so I'm not too
sure about that. But otherwise, I've got this five hundred
(15:39):
dollars and I'm not quite sure what to do with it.
And I'd love to hear what you guys would do
with five hundred dollars from a tax return. Thanks guys,
let's start with Beck.
Speaker 8 (15:49):
Beck.
Speaker 4 (15:49):
What are you doing five hundred bucks on your tax return?
Speaker 3 (15:51):
Hmmm, such a good question.
Speaker 7 (15:54):
And this is really not relevant to write now, but
I currently have one thousand dollars in my Shares's account.
Speaker 5 (15:59):
Sorry, I would be putting it in.
Speaker 3 (16:01):
You know, I don't even know how this happened. I
can't actually remember it. Just I put around the little things.
Speaker 5 (16:06):
Yes, seriously, they grow.
Speaker 3 (16:08):
I've never had that.
Speaker 4 (16:10):
Just you know, you were crazy creating financial freedom for yourself.
Now tell me does feel good?
Speaker 5 (16:15):
What does that feel like?
Speaker 3 (16:16):
It feels very good.
Speaker 7 (16:17):
And so with that five hundred probably, I mean I
would definitely be really irresponsible, but I'm just trying to investment.
Speaker 3 (16:23):
Think.
Speaker 7 (16:24):
Yeah, I'm trying to think about Like, if I'm being
really responsible, i'd probably put it in chazyas.
Speaker 4 (16:28):
But if you're not being responsible, I'm like, you're just
being back and no one's looking.
Speaker 7 (16:32):
Oh my god, that would be gone in one nanosecond.
I have a long list of things that I want
to buy for my girlfriend, and you.
Speaker 5 (16:39):
Are so lovely.
Speaker 7 (16:41):
So as I said, as I said that, I was like,
sounds so lame, but I also would buy I'd buy
like three vapes just so I don't have to keep
going back and forth every week, okay, And then I
would maybe buy like like an item of clothing, just one,
you know, I'm just like the same kind of clothes
every day kind of girl.
Speaker 3 (16:59):
And then then yeah, it would just go. It would
be going to uber E.
Speaker 4 (17:03):
It's I'd just be living large for a little while.
I love this, Miss Jessicricci. I think I know, but
I don't know.
Speaker 6 (17:10):
Well, I just got my taxi turn back. Actuallyusly I'm
very lucky. I got a similar to our listener a
good return, and I did a similar thing investments, house deposit.
Not to be like that really boring person, but that's
where all my spare money goes. But I am a
big fan of a tax treet. You guys know, I
buy a tax treat every year. I think it's if
you have it and you've paid all the things that
you should pay, it's kind of nice to let yourself
(17:30):
get one little treats like something else would. This year,
I haven't actually bought mine next only just come through,
but I like you back. I have like a wish
list of things. I was just looking at it, trying
to think at yeah, because I keep a list on
my phone of like things like you know, what's really
high on my list? But it's too big for a
tax treat. I really need a Plartes Reformer, so maybe
I'll put it into my Pilarates reformer funf Yeah.
Speaker 5 (17:52):
Yeah, Reformer ones keep appearing on my Instagram. Oh they're
so beautiful.
Speaker 4 (17:57):
Ye they're not just like functional, they're pretty Anyway, Am.
Speaker 5 (18:01):
I allowed to be a down or on this?
Speaker 7 (18:03):
No?
Speaker 4 (18:03):
I mean yes, your tax return is returning income to
you that you paid over and above what you needed to.
So it's not free money. It's actually your money that
you worked really hard to earn. And yes, it is
very attractive because oh lump some I can do whatever
I want. But like girl, that's still part of your
taxable income. If you made eighty thousand dollars, that's part
(18:26):
of the eighty thousand dollars. It's not like above and
beyond like it's literally your money that you worked your
butt off for. And don't get me wrong, we all
deserve a little treat, So don't get me wrong. I
don't think it's a bad thing, just that you're doing
your we're not anti taxing treat, but you're also a
very financially responsible human being.
Speaker 5 (18:44):
So I kind of I'll let that one slide a lot.
I appreciate it.
Speaker 4 (18:47):
But on the flip side, I think a lot of
us get it and we just immediately go free money.
Speaker 5 (18:51):
It feels good. What are you doing?
Speaker 4 (18:52):
Like the amount of women I have spoken to, And again,
no shade, no judgment. I actually don't care what you
do with your money. I could not give two flying
monkeys what you do with your money as long as
I have given you every single tool and every single
resource that I believe you deserve to make the decisions
that are right for you. Then go and make those decisions.
Speaker 5 (19:13):
Go make them.
Speaker 4 (19:13):
I don't care Beck you want to buy three vapes
hop off, Queen, I love that for you. But what
I want to remind people of is that is your
money and you worked really hard for it. And it's
not often, especially if we're not good at saving or
we're not good at investing, we are presented with a
lump sum opportunity to get ourselves ahead. So for me personally,
(19:34):
I would just whack it into my investment. Like, but
I already have a setup, tried, true strategy, Like I'm
when it comes to money, if you dug under the covers,
kind of boring, Like I'm not a massive spender on
clothes and stuff. I don't know if people even pay
attention to that anymore. Like I feel like I wear
(19:54):
the same jumper, are the same jeans on rotation every
single week. It actually really annoys our video wayit to
Brook because she's like, Victoria, you wear the same thing
over and over again, so it looks like we recorded
everything within the same day.
Speaker 5 (20:08):
That's un lucky for you. That's so lucky for you.
Speaker 4 (20:10):
That looks a lot like not a me problem. My
hair might be different because I didn't wush it one day.
Yeah yeah, Anyway, for me, it's about putting future you
in the best possible position. And if you are ridiculously
excited about getting your tax return, I get it. But
that's probably because you don't have access to a lot
of funds right now. Like when it's five hundred dollars
but you've already got one hundred thousand dollars invested, you're
(20:32):
kind of like, Okay, cool, I'm going to do the
right thing. But when you get five hundred dollars and
you don't have five hundred dollars in your account, you
just see endless possibility. I do want you to seriously consider.
Have I got an emergency fund set up? Could I
top that up? What could that look like? Have I
got some bills due that I could take some pressure off,
(20:52):
like future me for because as much as like an
air wrap or a pilarate's reform or or anything good, like,
I get it, I want that stuff too. Is fun.
I can almost promise you that, oh, five hundred dollars
maybe I'll put two hundred and fifty dollars on credit
to my energy company so that I don't get bit
in the butt next time that comes around. And future
(21:13):
is going to be like, oh, that was so good
when your bill does come and it's fifteen dollars. So
for me, I think it's about driving home what is
important to you. I know you set everything up, but
could you, you know, turbo charge your investment a little bit,
or turbo charge your savings account. I hate the fact
that we're in the middle of a cost of living crisis.
We're going to need that money at some point. Yeah,
it's not free money.
Speaker 1 (21:34):
Yeah.
Speaker 6 (21:35):
And on the government co contribution thing, am I right
in remembering that that is mainly targeted at low income earners,
So check that you qualify before you put the money in.
Speaker 1 (21:44):
Yeah.
Speaker 4 (21:44):
I would go to the ATO website and just check
what's going on. I mean, you want a turbo charge
your suberannuation. I'm all about that because if you contributed
it today as well next tax return, you can claim
that contribution on tax again, which that you're just like
taxi taxi taxi can work for you. But I also
so I think, how can you get ahead. How can
you put future you in the best possible position.
Speaker 5 (22:04):
I get it.
Speaker 4 (22:05):
Get a little treat. Yeah, like I'm a sweet trearee.
You are never going to catch me going, oh my god,
I can do the fire. I could do financial independence,
retire early and save all my money. That's not for me,
but I am about Let's create a secure financial house
that you can live in comfortably.
Speaker 5 (22:22):
Yeah, let's do that. Yeah, put future you in the
driver's seat.
Speaker 8 (22:26):
Cool.
Speaker 5 (22:26):
I love you.
Speaker 3 (22:27):
She'll think you're so cool and that's why you're where
you are today.
Speaker 4 (22:32):
Exactly right, crying and I don't have a reformer. H yeah,
yeahsolutely absolutely all right. So our DM this week. Hi,
she's on the money. My fine works from home and
I'm on the road all the time. We split bills
like power and internet fifty to fifty. But he can
claim part of that back on his tax return.
Speaker 5 (22:53):
Well I can't.
Speaker 4 (22:54):
I'm not sure if it really makes a big difference,
but it's been on my mind because our last power
was huge. He's getting a really big tax return surprise coincidence,
and I've got an unexpected bill from a payroll error.
I agreed to fifty to fifty when I moved in,
so I've never had an issue with it, but now
I'm wondering if I'm kind of subsidizing his work.
Speaker 5 (23:16):
From home costs.
Speaker 4 (23:17):
Do other people take this into account when splitting bills
with a partner or housemates or am I just overthinking this.
Speaker 7 (23:24):
I'd be curious to know how often you're this person's
on the road, because it sounds like they're like a
lot of their job is kind of like they're often
not even home at all.
Speaker 3 (23:34):
I would be a bit irritated that, Like, like.
Speaker 7 (23:36):
If it was the other way around, if I was
working from home all the time and my partner was
not really and then we had a huge energy bill,
they wouldn't even have to use expend any mental energy
at all. I would be like, Wow, I'm home most
of the time. I'm going to figure this out so
you don't have to be paying fifty to fifty. Also
that the fact that you can get a little bit
(23:57):
back on tax so you can claim in on tax
would absolutely come to my mind, and I, like the
other person wouldn't need to think twice about it. I
would already be like, cool, this is the split because
I'm always home, You're never home.
Speaker 3 (24:10):
You know, like it's so annoying that that's.
Speaker 4 (24:12):
Not just like a default thing but just goes to
logic and putting the other person in the best possible suction, because.
Speaker 7 (24:19):
Then you're you feel awkward and you've got to like
maybe you will have a fight, maybe you won't, maybe
they'll get angry maybe, and so it's just like anxiety inducing,
you know what I mean. So that sucks, and I'm
really sorry. But with that, it's probably pretty clear where
I sit on this. I think absolutely really like it
should be about and I think this is the right
word equity.
Speaker 4 (24:37):
No.
Speaker 7 (24:37):
Yes, And if you're home far less, like if you're
home every evening, then maybe like from five pm onward,
maybe it kind of all comes out in the wash.
But still you still shouldn't be paying as much. But
if you're like on the road a lot and you're
barely home except for on the weekends or something like that,
then it's a no brainer. It's a no brainer that
(25:00):
your partner should be paying like seventy percent depending on
figure out how how often your home. If it's thirty
percent of the time, then you pay in thirty percent
of the energy, you know what I mean.
Speaker 3 (25:11):
So yeah, I don't know. I feel like it's a
no brainer for me. You should definitely be paying less.
Speaker 6 (25:15):
Yeah, to play Devil's Advocate. Interestingly, energy off peak rates
are during the day, so it's actually cheaper to use
energy during the day than it is in the evenings.
Generally speaking, I would say, yeah, kind of like similar
to working out if you have a provider, or maybe
look at change into a provider. Some providers allow you
to track your hourly energy U see, which I think
that's a really good way to look at it, because
(25:35):
if I think about me working from home, the only
significant electrical cost is heating cooling, like when I'm not
using lights because it's daytime, so I don't actually need
to turn the lights on.
Speaker 5 (25:47):
I will tell you, also pretty good with the heater
in the cooler anyway.
Speaker 6 (25:51):
Well, I was gonna say, the way that we've kind
of worked it out is we'll turn the heater on
in the morning when we're both home. As soon as
it hits like eighteen degrees, like a comfortable temperature. We
then it to like our holding temperature, which is like
thirteen four.
Speaker 5 (26:03):
Would have left it on that anyway, correct, So.
Speaker 6 (26:05):
Like we've kind of worked out and that was something
we had to kind of trial and error, Like we
went through a phase where our heating bill was astronomically high,
and absolutely I recognized, Okay, well, i'm home a lot
like does need to be on let's change that. But
I think looking at the breakdown actually would probably be
quite interesting because if I reflect on, like me being
at home, the electricity usage would actually be relatively minimal
(26:26):
outside of here and calling, which we've obviously now found
a middle ground on. Obviously, like me and my partner
are spoke about it. He's really happy for it to
be fifty to fifty, he says, up late when I
go to bed. So for us, it kind of does
come out in the wash, but it would be if
that's something that's on your mind, so you're stressing about,
I think, exactly as you said, finding a way to
quantify the difference in usage the difference in cost is
important because it may also be that you might discover,
(26:49):
oh well, actually in the evenings when we're both home
and peak usage is really high and we're running the
TV and the dryer and cooking dinner and doing all
of those things. That accounts for a lot of our
electricity usage. And you don't realize it so, and it
could be the other way. It could be that the
daytime usage is absolutely eating up, in which case completely
agree equity is the way to go if that's what
you want, and that's very fair and valid. But I
(27:11):
think having an understanding of how it actually all breaks down,
because it isn't quite as black and white as whoeverres
grown is what the usage equals, it's just worth considering.
I would say, it's a.
Speaker 5 (27:21):
Really good pose, that's really fair.
Speaker 4 (27:23):
I feel like I'm kind of on both sides, Like
if you're working from home more consistently, I would also
assume that your grocery bill is being impacted by this,
because maybe they're eating lunch at home or regularly. I'd
be like, Okay, how do we split this and what
is fair? I mean, for me personally, it's never been
something that I've had to discuss. I've never lived with
(27:43):
someone who worked from home, and if they did, it
was like an odd rarity because I had housemates all
prior to COVID and we weren't allowed to work from home.
And now my husband works from home a bit. I
work from home a bit, and it's just not something
I've really thought of. But I do think the equity
thing is the fairest because it's like, well, I don't know,
maybe your partner isn't as considerate as a jest in
(28:04):
this situation and does have the heater on twenty four
all day while you're out, all the lights are on,
like they leave the fridge open. Who knows at which
point I would probably be saying, Hey, how do I
have this conversation? I don't think any conversation is unwarranted,
but like I would be open to what their thoughts
are on that first, not going to them with a solution.
(28:25):
I'd be like, hey, do we need a solution for
this because this kind of seems crazy? Or blame the
Shees on the Money community and say, oh, someone in
the Shees on the Money community you was saying they
slip their bills like this. Differently, should we be relooking
at ours because you work from home and seeing what happens,
because I think that that can be a little less
confrontational because you're right back, Like if you get the
bill and then you have to have the conversation, that
(28:46):
can be quite confrontational, and they'll be like, oh, I
don't what the hell you said you.
Speaker 5 (28:50):
Pay fifty cent?
Speaker 4 (28:50):
While you're going back on that as opposed to an open,
honest conversation about.
Speaker 5 (28:54):
Like, okay, times have changed. Yeah I saw this thing.
Could this benefit us?
Speaker 8 (28:59):
Yeah?
Speaker 5 (28:59):
Yeah, absolutely, that's probably where I'm sitting.
Speaker 6 (29:01):
What did everybody else say?
Speaker 4 (29:03):
So obviously we all had thoughts and feelings, but we
first asked a few questions. First question was, what is
the work from home situation in your house? Forty eight
percent of you said one or some of us work
from home, forty percent said none of us work from home,
and twelve percent said all of us work from home.
We then said what would you do in this situation?
(29:23):
Thirty six percent said, add the tax refund to the bills, kitty, Oh,
that's a good idea. Yeah, thirty two percent said it
just based on usage, and the other thirty two percent
said keep it fifty fifty. Now, we also went to
the community and said, guys, what is your two cents?
First person said he should only be claiming tax back
on the portion of bills he paid, not the full
bill anyway, which is true. Yeah, it's a good point.
(29:46):
Next person said, tell them to buy you something pretty.
Speaker 6 (29:49):
I'm not mad about that as a solution, I'm going
to be really honest.
Speaker 4 (29:53):
I put it in there because I was like, that's funny.
Next person said, these situations can turn into tit for tat.
For example, I'm not home on the weekends, though I
go to footy all day. Yeah, and I don't use
any power.
Speaker 5 (30:04):
What about that?
Speaker 4 (30:05):
So I think we need to just zoom out and
have a holistic view of these things before we start
a conversation. Next person said, Internet built same either way.
Electrocity would be hardly a little different overthinking, but it's
good to be aware. Next person said, I work from
home two or three out of three days. I try
not to add edy additional power minus my laptop because
(30:26):
that shit is no true.
Speaker 7 (30:28):
Yeah.
Speaker 4 (30:28):
Next person said if this was a housemate, I'd probably
have an issue, but with a partner, I think it
balances out.
Speaker 5 (30:34):
And then another person said, equity is not equal.
Speaker 4 (30:38):
Fifty to fifty only works if you are using and
earning exactly the same, Otherwise you need to split proportionally.
You've been in the comment section back it sounds a
little bit like me. And then the last one that
I'm going to leave you with is a really good
contribution and they said Finder dot com dot A, you
actually has a really good breakdown of what worked from
home costs look like.
Speaker 5 (30:56):
Have a look and go from there.
Speaker 4 (30:58):
Oh lover, we've got a little resource, we've got a
little opinion. You got everything I think from that response. Yeah, guys,
I think that's a very good way to wrap it.
Thank you for doing another Friday episode with me, and
we'll see you write nearly your Monday for money Darry.
Speaker 5 (31:11):
Have a good weekend, Hi, guys.
Speaker 8 (31:13):
By 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,
(31:35):
read the PDS TMD and obtain appropriate financial advice tailored
towards your needs. Victoria Divine and She's on the Money
are authorized representatives of Money sirper Pty Ltd ABN three
two one IS six four nine two seven seven zero
eight AFSL four five one two eight nine
Speaker 2 (32:00):
Do you any
My name's Sasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya
Niana Kaka yah y and beIN Ahaka Nian our gay
In Mbini yakarum Jar Dominyamika Umagahawaka Woman Damon Imlan Bumba
ban Gadabomba in and now in wakah ghan On yak
rum Jar water Nadaa. Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank, acknowledge and
respect the Abigin people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money.
Speaker 4 (01:08):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on Fridays. It's our
favorite day of the week because we get our team
together and we celebrate you our incredible.
Speaker 5 (01:18):
She's on the Money community.
Speaker 4 (01:20):
Mister Garci, She's here as always sharing her favorite money wins.
Miss Becksayed has a few cheeky broke tips, and today
we're going to be helping to answer money dilemma about
what you should do with your tax return and something
that you slid into our dms about should you be
footing the bill for a housemate.
Speaker 5 (01:37):
That is working from home.
Speaker 4 (01:39):
I feel like this is a good one, and we've
kind of touched on it before because you work from
home and your partner.
Speaker 6 (01:43):
Does housemates the west from home, but it's also.
Speaker 4 (01:46):
A different conversation when your housemate's not partners.
Speaker 3 (01:49):
Well, that's it.
Speaker 4 (01:50):
I get there before we get there, though, my loves,
How were your weeks?
Speaker 3 (01:55):
You go first?
Speaker 6 (01:56):
He's been good. I have just kind of in bubbing
along living life, not doing anything super exciting. To be honest,
I wish I had any fun to report, but gorgeous,
I don't.
Speaker 3 (02:06):
It's okay, what about you? Really good week? I'm going
to Thailand in like three days. That's I'm sorry about that.
Speaker 7 (02:15):
Talk about that just for one week because my girlfriend's
going over there for a dance retreat and she was
like a treat.
Speaker 3 (02:22):
She's a dancer, isn't.
Speaker 5 (02:23):
That Like I knew that, but like so very cool.
Speaker 7 (02:26):
It's so like that of course, you know, like she's
already so hot and then she also is a dancer.
Speaker 3 (02:31):
It's like this, you have lucked out. I know, I
don't know how I did it. I really didn't know
how to do this, but anyway, and so I'm not
going to meet her over there after the dance stuff.
Speaker 7 (02:38):
I should really be listening more to what she's been
telling me, because I'm just calling it dance stuff.
Speaker 3 (02:42):
But I'm sure there's more to it. So I'm kind
of excited for that. But I hate flying, so I'm anxious,
But that's okay.
Speaker 5 (02:48):
What is your strategy when flooring?
Speaker 2 (02:50):
Man?
Speaker 5 (02:50):
If you're anxious?
Speaker 7 (02:51):
I don't recommend this, but I either go to my
doctor right and I get some things prescribed, or I
just pinch my eyebrow so brow hard no that I'm like, no,
I can't focus on anything but the pain.
Speaker 6 (03:04):
I do it.
Speaker 3 (03:04):
I do like all my thighs. Like the pinching is
an annoying feeling.
Speaker 5 (03:08):
You know, this is just not how I saw this
conversation going.
Speaker 4 (03:11):
I thought you'd have like breathing strategies or something, and
you pinch yourself.
Speaker 3 (03:15):
I need to disassociate, you know, But that's me, And
how about you VD.
Speaker 4 (03:19):
Like when I fly, I you have a valium and
then have a red wine on the plane and I
find that does the job. Yeah, that does a job.
Can I medically recommend that?
Speaker 5 (03:28):
Absolutely?
Speaker 8 (03:28):
Not?
Speaker 4 (03:28):
Is that probably irresponsible? Absolutely? But my doctor prescribed it,
so it must be legal. And nobody stopped me. Like
before they served me that red wine on the plane,
they went, like, you had a valium.
Speaker 5 (03:41):
Maybe I have, Maybe I haven't.
Speaker 3 (03:44):
Who's okay, it's so chill.
Speaker 5 (03:47):
Yeah, No, my week has been good.
Speaker 4 (03:49):
I just cannot seem to shake this post laryngitis voice,
and it is driving me insane because I actually feel fine,
you know when you're like, I'm fine, but my vocal
cards have not recovered, and like obviously I'm on the
pod right now, so I'm not exactly giving them any
type of chance to get better on their own. I've
just been willing it into reality. I've been like, no, tomorrow,
(04:12):
I'm waking up and I'll be fine.
Speaker 5 (04:13):
And then I wake up and I actually sounds like
the devil. It sounds than thank you.
Speaker 4 (04:20):
It's just really annoying because like then I feel like
my voice gets exhausted really quickly.
Speaker 5 (04:25):
Yes, anyway, so live love laugh. I suppose just like Jess,
do you.
Speaker 3 (04:29):
Guys report I had that a couple of years ago.
Speaker 7 (04:31):
I feel like listeners hopefully remember it is Christmas time
and I was on the show, but I wasn't making
any sound, and so we're like dah, yeah, like listening,
you would be like they're responding.
Speaker 3 (04:42):
To nothing because I wasn't making any noise.
Speaker 5 (04:45):
It can be so it's the worst. Oh my god.
Speaker 4 (04:49):
Before we dive any further in, would you guys like
to hear a little five star review? Read in my
husky voice? Yes, please, I knew you'd want this, especially Beck. Alright,
so we have a beautiful one from Steph b R.
So she says, thank you. I started listening to She's
on the Money in twenty nineteen, upon my sister's recommendation.
(05:09):
I was kid free and in my second year of
full time work. It helped me immensely to focus on
my savings goals and finance several overseas trips. Before and
after COVID hit your Christmas Savings episodes with a push,
I needed to start a Christmas savings account that I
add to fortnightly and saves me so much stress. Once
that wonderful time of year starts now that I'm a
(05:30):
mom of two small kids and money.
Speaker 5 (05:32):
Is way more tight. I love the feeling of community.
Speaker 4 (05:35):
She's on the Money Provides, and listening to v Jess
and Beck as I wheel the double.
Speaker 5 (05:39):
Bram around makes my day. Oh wow is so cute.
That is so cute.
Speaker 4 (05:45):
Well, hi, we met you in your single era and
now she's a mummy.
Speaker 3 (05:48):
Yeah, wow, we grew with you.
Speaker 4 (05:51):
I'm obsessed, Like, I just love our community so much,
like just the idea that like we have got to
hang out with people in just like such different life phases.
We're not just like a Oh I listened to that
podcast while it was relevant, Like I just thought that's
how our podcast would go.
Speaker 5 (06:06):
I don't know if that's silly or not.
Speaker 4 (06:08):
But then people are saying, I've listened to you for
literal years and my entire life's changed, but still relevant.
Speaker 5 (06:13):
I'm like, yes, this is so good. A're still my friends.
Speaker 7 (06:17):
That's so nice, and like we people associate us as
different paths like the walking the pram or oh it's
so cute.
Speaker 3 (06:23):
I think it's really really sweet.
Speaker 4 (06:25):
Someone messaged me on Instagram the other day and said
that they'd just driven to Adelaide and done a She's
on the Money binge listen. They'd organized their episodes so
that like they were like, all right, I'm going to
drive two hours to like this stop location. And she
picked a few episodes because she was like, in the morning,
I'm learning it about investing.
Speaker 7 (06:43):
And I'm doing this.
Speaker 4 (06:44):
And I was like, God, what You're like, that's crazy
crazy cool, that's really cool.
Speaker 5 (06:50):
So just so you guys know, we went on a
road trip to Adelaide. I can't so for us.
Speaker 3 (06:56):
Yeah, that's good.
Speaker 5 (06:56):
Yeah, And we helped someone learn all about invest That's
so cool.
Speaker 3 (07:01):
What a great idea.
Speaker 5 (07:02):
It's so cute.
Speaker 4 (07:02):
Anyway, Miss Jessica Greed she what money wins and confessions
are you bringing to the table?
Speaker 6 (07:06):
Alrighty, first of this week, I've got a money win
it from Lisa, who said she automatically transfers a certain
amount towards her pet fund each week, which is meant
to cover like food and flenworm treatment things like that. However,
she makes sure she has a little bit of a
buffer on the amount that she transfers that overtime, it
slowly builds up. This week, she had to take one
of her goldens to the vet and there was enough
in there to cover the appointment the medicine, and she
(07:29):
bought a little treat for the cats as well from
the same pet fund. She said, it's such a good
feeling knowing that she had the money there pettily because
money's a little bit tighter while she's on matt leave.
And she did provide us a beautiful pet tax photo.
Well done, Lisa. Next, I've got a money confession from Madison,
who said she ticked an item off from her bucket list,
stopping at the Cookers County Cookies Factory in donald.
Speaker 3 (07:50):
That's a bloody Halftimes fast.
Speaker 6 (07:52):
She said she spent fifty three dollars on cookies and
merch and she's really happy. But she definitely didn't need
to do it. And there are a lot of people
who commented saying that like various things from the Cookers
County Cookies factory were very very good.
Speaker 3 (08:05):
So God, where is this?
Speaker 6 (08:06):
Where is I have in I'm assuming Cookers County, Okay,
not sure where that is because Country Cookies apologies, Cookers
Country Cookies.
Speaker 5 (08:14):
I mean that feels still like a mouthful.
Speaker 6 (08:17):
It is still a mouthful.
Speaker 5 (08:18):
I will have to look good it.
Speaker 6 (08:20):
I wonder if it's in Victoria. If it is, maybe
she's on the money road trip.
Speaker 3 (08:23):
Yeah yeah, yeah, we're not too.
Speaker 6 (08:25):
We love a sweet treet. Next, I've got a money
win from Jamie, who said my gym just installed a
coffee machine, so I'm saving six bucks a day by
not purchasing a coffee on the way to work.
Speaker 5 (08:33):
Just so good.
Speaker 4 (08:34):
My coffee machine has been sleighing recently, putting in the
hard yards. Yeah, one hundred percent. I got a new
brevel for those of you following along at home. As
I know, there was a question about like, well, coffee
machine did you pick?
Speaker 5 (08:44):
Because I did a.
Speaker 4 (08:45):
Whole Instagram thing a Brevel and then I buy my
beans at the local cafe, which is probably not a
money win, but I feel like we have it at
home now.
Speaker 5 (08:53):
Yeah.
Speaker 6 (08:53):
Same so perfu Well, Jamie said that she's now investing
that six dollars that she would have spent on a
coffee every day into a chares.
Speaker 4 (09:00):
I need to say, okay, change to set that up,
because it's just it's mindless things and from little things,
big things grow.
Speaker 3 (09:06):
Absolutely.
Speaker 6 (09:07):
Next, I've got a money win from Celia, who said
she found address that she really wanted. The retail price
for it was one hundred and fifty dollars, so she
went on to deep op and found the exact same
dress for ten bucks stop. She put it it off
for eight and they accepted, so with eighteen dollars totally
including shipping.
Speaker 5 (09:22):
That's such a funny win, which.
Speaker 3 (09:24):
Is very well down.
Speaker 6 (09:25):
Lastly, I have a money win from Aunt who said
they had to change the weekends that they were going
to visit a friend. Thankfully they hadn't booked their flights
yet and the weekend they ended up going is one
hundred twenty dollars week cheaper the weekend it was planned.
Love and also just the difference of a week that
your flights can make. If you have flexibility it can
be one.
Speaker 5 (09:41):
Hundred dollars opion flight times.
Speaker 6 (09:43):
Yeah, exactly right.
Speaker 4 (09:44):
Happy to take one for the team sometimes it's worth it,
absolutely And then you can upgrade to business with your points.
And why would you not an out of ten missed?
What have you got for us when it comes to
broke tips this week?
Speaker 7 (09:55):
So the first thing comes from Bridget who says Woolwa's
metro stores. If you have like a Woolies rewards card,
and you spend more than thirty dollars in one shop,
you get a voucher for a free coffee.
Speaker 3 (10:05):
I did not know that.
Speaker 5 (10:06):
That's actually such a good deal.
Speaker 6 (10:07):
I don't know that either, man, that's so cool for
dinner that night or something.
Speaker 3 (10:12):
And then get yeah, and well maybe.
Speaker 7 (10:15):
It goes into your rewards app because I've never seen
I shove it a metro.
Speaker 3 (10:20):
But that's really cool. Thank you, Bridget.
Speaker 7 (10:21):
I will be using that constantly. And the next one
comes from Beck great game, My little cleaning broke tip.
I swear by five dollars seventy five methlated spirits from
Woolies with one lit lasting ages. I pour it into
those magnetic Kmart spray bottles. They stick to the fridge,
washing machine, garage shelves and use it for just about everything. Sorry,
(10:43):
magnetic spray bottles is low key genius. Yeah, that's machine
and stuff.
Speaker 6 (10:48):
I can't rethlated spirits.
Speaker 7 (10:51):
Well, just before anyone buys any she has a like
a recipe. It's the wrong words metho, yes, and you win.
Oh sorry, I'm sorry that was so slowly wind withds
rays fifty to fifty metho and water for streak free,
magic bench spray. I won't go through all these, but
(11:12):
if you go into the She's the Money your Facebook
group and just have a lookout for Bex brick tip.
Speaker 4 (11:17):
Be very careful with your cleaning We're very careful with
your cleaning products, and don't mix cleaning products without checking.
Speaker 6 (11:22):
At least it sounds like the method is being watered down.
Speaker 3 (11:25):
Water down.
Speaker 5 (11:26):
Yeah, but there's things you can't mix as well.
Speaker 4 (11:28):
So if you're thinking, oh, that's great, I'll just add
my favorite cleaning product as well, don't do it because
I know that if you mix bleach and like vinegar,
for example, you create gas and that can actually seriously
harm you.
Speaker 5 (11:40):
So don't mix things.
Speaker 6 (11:41):
Really.
Speaker 4 (11:42):
Yes, that's good to know. No mixing unless it's a
proper recipe. Alright, guys, Yeah, it's very good to know.
And then my broke tip. I came across this and
I think it's only for Victoria. I'm really sorry to say,
but right now me, it's only for Victoria.
Speaker 7 (11:57):
Device. You can get a free water efficient share head
through the Victorian Energy Upgrades Program. This initiative, funded by
a Victorian government, aims to reduce water and energy consumption,
so you can just you already know it's going to
be one of those like weak as hell shower heads,
but it is, you know, it's still it's still good.
It's like a free shower head replacement. And I did
(12:17):
replace mine the other day, and I thought it would
be like five dollars. It's like one of those you know,
just this standards stock standard. It's like twenty three dollars.
So I'm like, that's actually such a good broke to
bougie tip. So like, if you live in a rental
more often than not, you can actually screw off a
shower head and store it in your bathroom cupboard and
put in one that you like. I remember, I lived
(12:38):
in a sharehouse for a very long time without that
knowledge and had the worst shower head, but it had
the best shower pressure. Yeah, So like I just remember it,
and I never changed the shower head. I just remember
the opportunity that presented.
Speaker 4 (12:51):
I could have had a good shower head in that
shower and had an elite, elevated experience. You did it,
but it attacked me every time I went in there.
You know, like the ones that you get at the
swimming pool, you get stream it's kind of like there's
lots of holes, but they all go in one direction
and just like kind of beat the hell out of
you the second you get in the shower.
Speaker 3 (13:12):
Yeah, I kind of like it.
Speaker 6 (13:14):
Want a high pressure.
Speaker 5 (13:16):
I like pressure everywhere, but like I need a bigger
shower head.
Speaker 4 (13:19):
Anyway, you can purchase a shower head and you can
just screw it in on your own, very easy, and
like I would say, a bougie upgrade to yeah, your
next rental, Oh yeah, and don't forget it when you
move out, because that would be a money loss.
Speaker 5 (13:33):
Is that it from you?
Speaker 4 (13:34):
Beck? That is it for me?
Speaker 7 (13:35):
But I was just going to say it is very
very quick and easy. I mean, if you have any troubles.
But when I moved into the sharehouse that I'm in now,
we had water just coming out of the wall.
Speaker 3 (13:45):
That's so I was like, oh, well, we have no choice,
but I wish this was.
Speaker 5 (13:49):
That's actually insane. Is that not the bare minimum?
Speaker 3 (13:52):
I probably?
Speaker 5 (13:55):
Oh God, but that's not willing to put up.
Speaker 7 (13:58):
We're not going to be a botherea You just kind
of like put our hands against the wall and then
smash side.
Speaker 5 (14:05):
All right, let's talk about this.
Speaker 4 (14:07):
We're going to go to a break on the flip side,
We're going to be helping to answer money dilemma about
what you should be doing with your tax return and
something that you slid into our dms about should you
be footing the bill for a housemate that works from home? Guys,
don't go anywhere.
Speaker 6 (14:24):
Welcome back, everybody. Let's take a listen to this week's
money dilemma.
Speaker 8 (14:29):
Hi, there, have you got a money dilemma you just
can't solve?
Speaker 3 (14:33):
The Sheese on the Money team is here to help.
Speaker 8 (14:35):
Every week, we tackle your dilemmas, both big and small,
to answer your most burning money, career and life questions.
To get involved, simply head to our website and leave
us a short voice recording and you might just find
yourself on the show.
Speaker 3 (14:47):
Now, let's take a listen to this week's money dilemma.
Speaker 2 (14:53):
Hije's on the Money, just wanting to get your opinion
on something. So I received quite a sizable tax return
and I'm just wondering what to do with a certain
portion of it. So I've already put a fair chunk
of it into my savings, and I've also topped up
my emergency fund topped up some of my savers. I
put some into my investments, and I of course kept
(15:15):
a little bit decided for a treat yourself moment. And
after having done all that, I have about five hundred
dollars left over. I'm just not quite sure what to
do with it. I have considered putting it into my superannuation,
and I was exploring the co contribution scheme, but I
just don't fully understand that scheme, so I'm not too
sure about that. But otherwise, I've got this five hundred
(15:39):
dollars and I'm not quite sure what to do with it.
And I'd love to hear what you guys would do
with five hundred dollars from a tax return. Thanks guys,
let's start with Beck.
Speaker 8 (15:49):
Beck.
Speaker 4 (15:49):
What are you doing five hundred bucks on your tax return?
Speaker 3 (15:51):
Hmmm, such a good question.
Speaker 7 (15:54):
And this is really not relevant to write now, but
I currently have one thousand dollars in my Shares's account.
Speaker 5 (15:59):
Sorry, I would be putting it in.
Speaker 3 (16:01):
You know, I don't even know how this happened. I
can't actually remember it. Just I put around the little things.
Speaker 5 (16:06):
Yes, seriously, they grow.
Speaker 3 (16:08):
I've never had that.
Speaker 4 (16:10):
Just you know, you were crazy creating financial freedom for yourself.
Now tell me does feel good?
Speaker 5 (16:15):
What does that feel like?
Speaker 3 (16:16):
It feels very good.
Speaker 7 (16:17):
And so with that five hundred probably, I mean I
would definitely be really irresponsible, but I'm just trying to investment.
Speaker 3 (16:23):
Think.
Speaker 7 (16:24):
Yeah, I'm trying to think about Like, if I'm being
really responsible, i'd probably put it in chazyas.
Speaker 4 (16:28):
But if you're not being responsible, I'm like, you're just
being back and no one's looking.
Speaker 7 (16:32):
Oh my god, that would be gone in one nanosecond.
I have a long list of things that I want
to buy for my girlfriend, and you.
Speaker 5 (16:39):
Are so lovely.
Speaker 7 (16:41):
So as I said, as I said that, I was like,
sounds so lame, but I also would buy I'd buy
like three vapes just so I don't have to keep
going back and forth every week, okay, And then I
would maybe buy like like an item of clothing, just one,
you know, I'm just like the same kind of clothes
every day kind of girl.
Speaker 3 (16:59):
And then then yeah, it would just go. It would
be going to uber E.
Speaker 4 (17:03):
It's I'd just be living large for a little while.
I love this, Miss Jessicricci. I think I know, but
I don't know.
Speaker 6 (17:10):
Well, I just got my taxi turn back. Actuallyusly I'm
very lucky. I got a similar to our listener a
good return, and I did a similar thing investments, house deposit.
Not to be like that really boring person, but that's
where all my spare money goes. But I am a
big fan of a tax treet. You guys know, I
buy a tax treat every year. I think it's if
you have it and you've paid all the things that
you should pay, it's kind of nice to let yourself
(17:30):
get one little treats like something else would. This year,
I haven't actually bought mine next only just come through,
but I like you back. I have like a wish
list of things. I was just looking at it, trying
to think at yeah, because I keep a list on
my phone of like things like you know, what's really
high on my list? But it's too big for a
tax treat. I really need a Plartes Reformer, so maybe
I'll put it into my Pilarates reformer funf Yeah.
Speaker 5 (17:52):
Yeah, Reformer ones keep appearing on my Instagram. Oh they're
so beautiful.
Speaker 4 (17:57):
Ye they're not just like functional, they're pretty Anyway, Am.
Speaker 5 (18:01):
I allowed to be a down or on this?
Speaker 7 (18:03):
No?
Speaker 4 (18:03):
I mean yes, your tax return is returning income to
you that you paid over and above what you needed to.
So it's not free money. It's actually your money that
you worked really hard to earn. And yes, it is
very attractive because oh lump some I can do whatever
I want. But like girl, that's still part of your
taxable income. If you made eighty thousand dollars, that's part
(18:26):
of the eighty thousand dollars. It's not like above and
beyond like it's literally your money that you worked your
butt off for. And don't get me wrong, we all
deserve a little treat, So don't get me wrong. I
don't think it's a bad thing, just that you're doing
your we're not anti taxing treat, but you're also a
very financially responsible human being.
Speaker 5 (18:44):
So I kind of I'll let that one slide a lot.
I appreciate it.
Speaker 4 (18:47):
But on the flip side, I think a lot of
us get it and we just immediately go free money.
Speaker 5 (18:51):
It feels good. What are you doing?
Speaker 4 (18:52):
Like the amount of women I have spoken to, And again,
no shade, no judgment. I actually don't care what you
do with your money. I could not give two flying
monkeys what you do with your money as long as
I have given you every single tool and every single
resource that I believe you deserve to make the decisions
that are right for you. Then go and make those decisions.
Speaker 5 (19:13):
Go make them.
Speaker 4 (19:13):
I don't care Beck you want to buy three vapes
hop off, Queen, I love that for you. But what
I want to remind people of is that is your
money and you worked really hard for it. And it's
not often, especially if we're not good at saving or
we're not good at investing, we are presented with a
lump sum opportunity to get ourselves ahead. So for me personally,
(19:34):
I would just whack it into my investment. Like, but
I already have a setup, tried, true strategy, Like I'm
when it comes to money, if you dug under the covers,
kind of boring, Like I'm not a massive spender on
clothes and stuff. I don't know if people even pay
attention to that anymore. Like I feel like I wear
(19:54):
the same jumper, are the same jeans on rotation every
single week. It actually really annoys our video wayit to
Brook because she's like, Victoria, you wear the same thing
over and over again, so it looks like we recorded
everything within the same day.
Speaker 5 (20:08):
That's un lucky for you. That's so lucky for you.
Speaker 4 (20:10):
That looks a lot like not a me problem. My
hair might be different because I didn't wush it one day.
Yeah yeah, Anyway, for me, it's about putting future you
in the best possible position. And if you are ridiculously
excited about getting your tax return, I get it. But
that's probably because you don't have access to a lot
of funds right now. Like when it's five hundred dollars
but you've already got one hundred thousand dollars invested, you're
(20:32):
kind of like, Okay, cool, I'm going to do the
right thing. But when you get five hundred dollars and
you don't have five hundred dollars in your account, you
just see endless possibility. I do want you to seriously consider.
Have I got an emergency fund set up? Could I
top that up? What could that look like? Have I
got some bills due that I could take some pressure off,
(20:52):
like future me for because as much as like an
air wrap or a pilarate's reform or or anything good, like,
I get it, I want that stuff too. Is fun.
I can almost promise you that, oh, five hundred dollars
maybe I'll put two hundred and fifty dollars on credit
to my energy company so that I don't get bit
in the butt next time that comes around. And future
(21:13):
is going to be like, oh, that was so good
when your bill does come and it's fifteen dollars. So
for me, I think it's about driving home what is
important to you. I know you set everything up, but
could you, you know, turbo charge your investment a little bit,
or turbo charge your savings account. I hate the fact
that we're in the middle of a cost of living crisis.
We're going to need that money at some point. Yeah,
it's not free money.
Speaker 1 (21:34):
Yeah.
Speaker 6 (21:35):
And on the government co contribution thing, am I right
in remembering that that is mainly targeted at low income earners,
So check that you qualify before you put the money in.
Speaker 1 (21:44):
Yeah.
Speaker 4 (21:44):
I would go to the ATO website and just check
what's going on. I mean, you want a turbo charge
your suberannuation. I'm all about that because if you contributed
it today as well next tax return, you can claim
that contribution on tax again, which that you're just like
taxi taxi taxi can work for you. But I also
so I think, how can you get ahead. How can
you put future you in the best possible position.
Speaker 5 (22:04):
I get it.
Speaker 4 (22:05):
Get a little treat. Yeah, like I'm a sweet trearee.
You are never going to catch me going, oh my god,
I can do the fire. I could do financial independence,
retire early and save all my money. That's not for me,
but I am about Let's create a secure financial house
that you can live in comfortably.
Speaker 5 (22:22):
Yeah, let's do that. Yeah, put future you in the
driver's seat.
Speaker 8 (22:26):
Cool.
Speaker 5 (22:26):
I love you.
Speaker 3 (22:27):
She'll think you're so cool and that's why you're where
you are today.
Speaker 4 (22:32):
Exactly right, crying and I don't have a reformer. H yeah,
yeahsolutely absolutely all right. So our DM this week. Hi,
she's on the money. My fine works from home and
I'm on the road all the time. We split bills
like power and internet fifty to fifty. But he can
claim part of that back on his tax return.
Speaker 5 (22:53):
Well I can't.
Speaker 4 (22:54):
I'm not sure if it really makes a big difference,
but it's been on my mind because our last power
was huge. He's getting a really big tax return surprise coincidence,
and I've got an unexpected bill from a payroll error.
I agreed to fifty to fifty when I moved in,
so I've never had an issue with it, but now
I'm wondering if I'm kind of subsidizing his work.
Speaker 5 (23:16):
From home costs.
Speaker 4 (23:17):
Do other people take this into account when splitting bills
with a partner or housemates or am I just overthinking this.
Speaker 7 (23:24):
I'd be curious to know how often you're this person's
on the road, because it sounds like they're like a
lot of their job is kind of like they're often
not even home at all.
Speaker 3 (23:34):
I would be a bit irritated that, Like, like.
Speaker 7 (23:36):
If it was the other way around, if I was
working from home all the time and my partner was
not really and then we had a huge energy bill,
they wouldn't even have to use expend any mental energy
at all. I would be like, Wow, I'm home most
of the time. I'm going to figure this out so
you don't have to be paying fifty to fifty. Also
that the fact that you can get a little bit
(23:57):
back on tax so you can claim in on tax
would absolutely come to my mind, and I, like the
other person wouldn't need to think twice about it. I
would already be like, cool, this is the split because
I'm always home, You're never home.
Speaker 3 (24:10):
You know, like it's so annoying that that's.
Speaker 4 (24:12):
Not just like a default thing but just goes to
logic and putting the other person in the best possible suction, because.
Speaker 7 (24:19):
Then you're you feel awkward and you've got to like
maybe you will have a fight, maybe you won't, maybe
they'll get angry maybe, and so it's just like anxiety inducing,
you know what I mean. So that sucks, and I'm
really sorry. But with that, it's probably pretty clear where
I sit on this. I think absolutely really like it
should be about and I think this is the right
word equity.
Speaker 4 (24:37):
No.
Speaker 7 (24:37):
Yes, And if you're home far less, like if you're
home every evening, then maybe like from five pm onward,
maybe it kind of all comes out in the wash.
But still you still shouldn't be paying as much. But
if you're like on the road a lot and you're
barely home except for on the weekends or something like that,
then it's a no brainer. It's a no brainer that
(25:00):
your partner should be paying like seventy percent depending on
figure out how how often your home. If it's thirty
percent of the time, then you pay in thirty percent
of the energy, you know what I mean.
Speaker 3 (25:11):
So yeah, I don't know. I feel like it's a
no brainer for me. You should definitely be paying less.
Speaker 6 (25:15):
Yeah, to play Devil's Advocate. Interestingly, energy off peak rates
are during the day, so it's actually cheaper to use
energy during the day than it is in the evenings.
Generally speaking, I would say, yeah, kind of like similar
to working out if you have a provider, or maybe
look at change into a provider. Some providers allow you
to track your hourly energy U see, which I think
that's a really good way to look at it, because
(25:35):
if I think about me working from home, the only
significant electrical cost is heating cooling, like when I'm not
using lights because it's daytime, so I don't actually need
to turn the lights on.
Speaker 5 (25:47):
I will tell you, also pretty good with the heater
in the cooler anyway.
Speaker 6 (25:51):
Well, I was gonna say, the way that we've kind
of worked it out is we'll turn the heater on
in the morning when we're both home. As soon as
it hits like eighteen degrees, like a comfortable temperature. We
then it to like our holding temperature, which is like
thirteen four.
Speaker 5 (26:03):
Would have left it on that anyway, correct, So.
Speaker 6 (26:05):
Like we've kind of worked out and that was something
we had to kind of trial and error, Like we
went through a phase where our heating bill was astronomically high,
and absolutely I recognized, Okay, well, i'm home a lot
like does need to be on let's change that. But
I think looking at the breakdown actually would probably be
quite interesting because if I reflect on, like me being
at home, the electricity usage would actually be relatively minimal
(26:26):
outside of here and calling, which we've obviously now found
a middle ground on. Obviously, like me and my partner
are spoke about it. He's really happy for it to
be fifty to fifty, he says, up late when I
go to bed. So for us, it kind of does
come out in the wash, but it would be if
that's something that's on your mind, so you're stressing about,
I think, exactly as you said, finding a way to
quantify the difference in usage the difference in cost is
important because it may also be that you might discover,
(26:49):
oh well, actually in the evenings when we're both home
and peak usage is really high and we're running the
TV and the dryer and cooking dinner and doing all
of those things. That accounts for a lot of our
electricity usage. And you don't realize it so, and it
could be the other way. It could be that the
daytime usage is absolutely eating up, in which case completely
agree equity is the way to go if that's what
you want, and that's very fair and valid. But I
(27:11):
think having an understanding of how it actually all breaks down,
because it isn't quite as black and white as whoeverres
grown is what the usage equals, it's just worth considering.
I would say, it's a.
Speaker 5 (27:21):
Really good pose, that's really fair.
Speaker 4 (27:23):
I feel like I'm kind of on both sides, Like
if you're working from home more consistently, I would also
assume that your grocery bill is being impacted by this,
because maybe they're eating lunch at home or regularly. I'd
be like, Okay, how do we split this and what
is fair? I mean, for me personally, it's never been
something that I've had to discuss. I've never lived with
(27:43):
someone who worked from home, and if they did, it
was like an odd rarity because I had housemates all
prior to COVID and we weren't allowed to work from home.
And now my husband works from home a bit. I
work from home a bit, and it's just not something
I've really thought of. But I do think the equity
thing is the fairest because it's like, well, I don't know,
maybe your partner isn't as considerate as a jest in
(28:04):
this situation and does have the heater on twenty four
all day while you're out, all the lights are on,
like they leave the fridge open. Who knows at which
point I would probably be saying, Hey, how do I
have this conversation? I don't think any conversation is unwarranted,
but like I would be open to what their thoughts
are on that first, not going to them with a solution.
(28:25):
I'd be like, hey, do we need a solution for
this because this kind of seems crazy? Or blame the
Shees on the Money community and say, oh, someone in
the Shees on the Money community you was saying they
slip their bills like this. Differently, should we be relooking
at ours because you work from home and seeing what happens,
because I think that that can be a little less
confrontational because you're right back, Like if you get the
bill and then you have to have the conversation, that
(28:46):
can be quite confrontational, and they'll be like, oh, I
don't what the hell you said you.
Speaker 5 (28:50):
Pay fifty cent?
Speaker 4 (28:50):
While you're going back on that as opposed to an open,
honest conversation about.
Speaker 5 (28:54):
Like, okay, times have changed. Yeah I saw this thing.
Could this benefit us?
Speaker 8 (28:59):
Yeah?
Speaker 5 (28:59):
Yeah, absolutely, that's probably where I'm sitting.
Speaker 6 (29:01):
What did everybody else say?
Speaker 4 (29:03):
So obviously we all had thoughts and feelings, but we
first asked a few questions. First question was, what is
the work from home situation in your house? Forty eight
percent of you said one or some of us work
from home, forty percent said none of us work from home,
and twelve percent said all of us work from home.
We then said what would you do in this situation?
(29:23):
Thirty six percent said, add the tax refund to the bills, kitty, Oh,
that's a good idea. Yeah, thirty two percent said it
just based on usage, and the other thirty two percent
said keep it fifty fifty. Now, we also went to
the community and said, guys, what is your two cents?
First person said he should only be claiming tax back
on the portion of bills he paid, not the full
bill anyway, which is true. Yeah, it's a good point.
(29:46):
Next person said, tell them to buy you something pretty.
Speaker 6 (29:49):
I'm not mad about that as a solution, I'm going
to be really honest.
Speaker 4 (29:53):
I put it in there because I was like, that's funny.
Next person said, these situations can turn into tit for tat.
For example, I'm not home on the weekends, though I
go to footy all day. Yeah, and I don't use
any power.
Speaker 5 (30:04):
What about that?
Speaker 4 (30:05):
So I think we need to just zoom out and
have a holistic view of these things before we start
a conversation. Next person said, Internet built same either way.
Electrocity would be hardly a little different overthinking, but it's
good to be aware. Next person said, I work from
home two or three out of three days. I try
not to add edy additional power minus my laptop because
(30:26):
that shit is no true.
Speaker 7 (30:28):
Yeah.
Speaker 4 (30:28):
Next person said if this was a housemate, I'd probably
have an issue, but with a partner, I think it
balances out.
Speaker 5 (30:34):
And then another person said, equity is not equal.
Speaker 4 (30:38):
Fifty to fifty only works if you are using and
earning exactly the same, Otherwise you need to split proportionally.
You've been in the comment section back it sounds a
little bit like me. And then the last one that
I'm going to leave you with is a really good
contribution and they said Finder dot com dot A, you
actually has a really good breakdown of what worked from
home costs look like.
Speaker 5 (30:56):
Have a look and go from there.
Speaker 4 (30:58):
Oh lover, we've got a little resource, we've got a
little opinion. You got everything I think from that response. Yeah, guys,
I think that's a very good way to wrap it.
Thank you for doing another Friday episode with me, and
we'll see you write nearly your Monday for money Darry.
Speaker 5 (31:11):
Have a good weekend, Hi, guys.
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Do you any
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