She's On The Money - FRIDAY DRINKS: 50% of the team, 100% of the energy

Episode Date: March 18, 2021

Because we like to keep things fresh here at Shes on the Money, today the spotlight turns to G King and Jessica Ricci, who valiantly man the fort in the absence of actual financial advisors and accountants, Victoria and Ryan Jon as they both have putrid colds (it seems there’s a bit of sick going around the office). What did we get up to on the show? Well we chatted our favourite money wins from the community, we laughed about our own and to cap it all off we spoke about the lessons we’ve learned since working at SOTM HQ. Happy Friday to ya queens xDo you love the podcast SICK and want more SOTM? Course ya do. Join our Facebook page to share your money wins and money confessions, follow us on Insta for daily inspo to keep you on track and DEFINITELY subscribe to our newsletter https://www.shesonthemoney.com.au/newsletter the written recap of the pod's key takeaways, including some bonus bits you won't want to miss.Finally, if you're in a money mess and need help untangling the muddle - we've got you sorted - simply record your question and send it through to us at [e-mail] and you may just end up on the podcast!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. Victoria Devine is an Authorised Representative of Australia Pacific Funds Management Proprietary Limited ABN 34 132 463 257 - AFSL 339151.See omnystudio.com/listener for privacy information.

Hello and welcome to She's on the Money, the podcast for millennials who want financial freedom. Today is, of course, Friday. Happy Friday to everyone listening. My name is Georgia King. I'm a copywriter and journalism student. And joining me today, it's just Jess Riggie. Hey! It's the dream team. How are you, doll? Oh, I'm good. How are you? Good. It feels a little weird. It does. It's different. It's different, but I'm excited. I feel like maybe not you probably, but I'm not the person that people come here for. So this is a lot of pressure. I don't think anyone comes here for me either, doll. Let's be real. Do you want to explain where Ryan and Victoria are today? They both got sick the same week. What are the chances? Mysterious. You better believe that I'm debt-holing everything within a five-metre radius of me in the office at the moment. COVID negative, of course, we love, but both of them have no voice.

So today you're getting our dulcet tones. Exactly right. So you're very welcome, everyone. I was also away last week, which everyone's probably forgotten. I'm the last man standing, aren't I? Yeah, so Jess may not be with us next week, but who knows? We'll see how we go. So how does this podcast usually start? Because it's usually Victoria and then we go around the table.

Money, wins and confessions. Talk to me. Across the table. Can you guys tell that we don't know what we're doing? We're flying by the seat of our seats. We're making it up as we go. We're going rogue and that is fine. We're going to start with money, wins and confessions.

Do you want to kick us off? But it's fine. Yeah, it's fine. My one this week is something that I've seen in the group before. It's a little life hack. petrol went up to $1.70 from $1.20. Gee whiz. That's too many dollars.

Rough on the bank account. Absolutely. Very rough on the bank account. So as soon as I saw that it went up, I jumped on the 7-Eleven app and you can lock the fuel price. People have always been big fans of that in the Facebook group. It's so good. Once upon a time you used to have to upload or like put money onto it

and it would lock it and then you would use that money to pay and I wasn't into that. But now you can just lock the fuel price. So locked it in $1.20. A week later when I went to fill up, everyone else is paying $1.70 and I'm paying $1.20. That is genius. Huge.

How does that actually work though? Do you go to the cashier and you're like, hello, sir. Yeah, you just show them. I think there's a barcode and they scan it and it just locks the price. Yeah. But it scans everywhere. And top tip, if you're like us and you maybe work in the city and live, you know, a little further out, check in both places

because sometimes it's cheaper like further out or in the city because it does it like based on a geo location. Gotcha. Yeah. Big money win. Money win from you as well, thank you. Money win from me. Look, it's kind of a money win and you're going to laugh at me

because as Jess knows, as everyone listening probably knows, the internet and George, not the best of friends. So TikTok pasta. You would be on TikTok pasta. So I'm about eight weeks late but it's this gorgeous feta dish and basically you will all know what I'm talking about but I made it And it was cost-effective and delicious. So are we calling that a money win?

I'm calling that a money win. Is it cheaper than like a normal pasta dish? Well, I mean, it depends. If you're making like lobster pasta. Cheaper than going to a restaurant. It looks really good too. I feel like if you pull that out at a dinner, especially with older people who maybe haven't seen it on TikTok before,

that's a crowd pleaser. Yeah. I would have been impressed because. Because we're easily impressed apparently, the two of us. So it's been a big week here at She's On The Money HQ, G King. We on Monday had a money diary from a student saver who saved 60 grand, which as someone who's been a student, you are still technically currently a student. Yeah, yeah, I am.

You're getting close to the end, but like povo student feels like that's pretty impressive. Wednesday's episode, we had Rebecca Pritchard come on. We did. Who is an angel in her own right, but also is a mother and currently expecting bub number too. And she was perfectly placed to talk all things baby with us. We've had so many requests about pregnancy, the cost of having a baby, mat leave, all those good things. So part one of that two part, I guess you could call it a mini series, went up on Wednesday all about the costs of having a baby. And the much awaited mat leave episode is coming soon. We get regular DMs about it.

We heard you, we're listening, it's coming. Get excited. That was such a fun episode to record. It was so nice having a guest in the studio because usually it is just V and I, but Beck, yeah, she was just a little ray of sunshine in the studio and so articulate and she just had so many hot tips for saving. So if you are planning. Yeah, she did that really interesting, what do you call it, an experiment or like a recording of every dollar, right? Yeah, yeah.

So she recorded literally every cent she spent throughout her pregnancy and the first three months i think of having the bubba um and she ended up spending about 17 grand not cheap not cheap but also a couple hundred yeah there's like no statistics on that really like you google it and the estimations like they give you a range on like how much it costs and they it's a pretty big difference i think the stat we threw out was between 3 000 and 17 000 so that is a huge that's not helpful at all not helpful not helpful uh but our chat with beck definitely was helpful so if you are planning a family or you're just interested, as I am, in how much that actually costs, then that is a really good episode to have a listen to. Moving on here, Jessica, should we talk about

money wins and confessions from the community that stood out to us this week? Oh, absolutely. There's no Ryan John here to play us the funky background music. We didn't really plan for this. We didn't. Do you want to kick us off, J. King, with your first money win? Sure. Okay, what have i got here i've taken down a few okay this one was my favorite this is from sarah who has a money loss but it kind of turns into a money win so she broke her wrist roller skating on friday so sad for you sarah hope you're okay um but that cost her 430 in unexpected medical expenses and she also lost her weekend of wages obviously obviously she worked casually and couldn't go into work yeah so that sucks but the money win of that is that she's saving money on petrol for the

next six weeks uh because she can't drive so yeah it's kind of silver lining money win yeah you gotta be positive in those times oh sarah i hope you get back on the skate soon bloody oh legend um my first win is from hannah and she said not so much a win as a temptation win but i'm gonna count this as a money win because i recently did this for victoria um she said she unsubscribed from a whole bunch of promotional emails to stop her inbox from getting so cluttered but the side benefit is that she's not going to be bombarded by emails making her want to purchase things which such a smart pro tip i've done this for myself like i said i did it for v recently because her inbox you guys a nightmare um and like just removing that temptation those sale things like

the targeted marketing that you get these days there's a really good docker on netflix called the social dilemma which talks a lot about the psychology of marketing and how companies are kind of, I don't want to use the word exploiting, but like utilizing that to get us to buy and get us to spend. So unsubscribing is a really great way to remove temptation. Oh, 100%. It is like anytime I'm in my emails, there's always that promotions tab and it's all of these spreads and I always click on them and I'm like, gee, what are you doing? And then you want things that five minutes ago you didn't want. Correct. Because they're not in your face when you don't subscribe to them 100 so recommend that great tip there from hannah next one from you g king okay so this one

is from jazz who has some amazing friends get this jess so she went out for breakfast with some girlfriends she ordered something little to keep the cost down she was trying to be frugal uh the cafe didn't split bills so her friend paid for hers and she wouldn't let her pay her back oh that's so nice that's the first one and then the second part of this is that she caught up with another friend on sunday at a distillery gorgeous love a bit of gin uh she happened to know the bartender and got a free cocktail and then her friend paid for their tasting flights that's like a flight of all of the variations of gin wow um and then she was invited back to her parents place for dinner so free meals and drinks galore i love that for her i know i feel

like it's a really nice thing too like sometimes you're not in the position to afford to catch up with friends and sometimes you might be in the position where you are a little bit more free with your money you're in a slightly better financial place and i think it's really nice sometimes to just be like hey like i've got it if you're in the position to do so like it's just like a little pay it forward 100 it yeah it leaves you with such a nice feeling um and you're exactly right jazz was stressing out about those social events because she was strapped for cash so yeah really nice from the girls beautiful over to you my friend all right my next one is from Marnie who has two big moving money wins moving is expensive I did it not that long ago and it

is not cheap what are we talking um so moving house specifically and she instead of hiring a truck borrowed a ute so she said it added three or four hours to the move because she had to do multiple trips instead of just the one load you do in a big truck but it saved her a couple hundred bucks good girl and the stress I feel like as well driving a truck can be stressful have you gotten behind the big wheels I attempted it once and I used to drive a Nissan Micra so the jump from a Micra to a truck is kind of significant wow but then the second part of that is that instead of paying $300 for an end of lease clean they did it all themselves and they did it better than they feel like the cleaners would have and that saved them another

300 well done so huge big money wins there from Marnie um just to make it about Georgia once again we my old housemates and I spent two days cleaning our house yeah scrubbing getting down on those knees and scrubbing um as I said we thought we'd nailed it yeah and then we get a call from our grumpy agent saying guys you have not cleaned this appropriately um just yelling your ears but we had to pay 450 to clean the whole place it's so expensive so here's a fun fact for you guys did you know at least in victoria the rental laws state that you're only required to leave it in a reasonable cleanly condition like they can't actually penalize you from having like a few streaks on the shower or whatever like the law states that it just has has to be in like

reasonable condition and cleanliness oh my god ours definitely was reasonable real estate and like rental property managers will sometimes like obviously they want to do the best they can for their you know investment owners um leave your rental property clean don't be rude clean up after yourself but it doesn't have to be you speak in span and you don't have to spend all of those hundreds of dollars legally speaking anyway i've got a few here so i'll choose just one last one uh so this one is from jane who was inspired by victoria's call on the podcast to get cheaper phone plan remember that a few weeks ago oh my gosh not even for a dollar not even for a dollar that was the best he was great and the little nursery rhymes in the background playing

on the tv it was yeah it was gorgeous anyway jane called up optus she got them to give her the 39 10 gigabyte plan for 19 with an extra 5 gigabyte all she said was she wanted a cheaper plan as she could see better deals elsewhere and that's what they gave to her amazing if you haven't there's a script on the website check it out get yourself a better deal i know we plug it a lot but the amount of money you can save on just like your recurring general bills read in the facebook group people are saving hundreds yeah yeah exactly right just finish us off with our final money win of the week all right my last win is a goodie from natalie she says they scored a baby tag along which is one of those cute little um like a tricycle but enclosed that you put a

baby in on the back of the bike so it's like a trailer oh yeah yeah put the baby in the trailer put the trailer on your bike and you pedal around and they get to sit in the back amazing much more safe than a trailer obviously specifically designed to hold children um but she got a tag along for free because they noticed their neighbors had it sitting in their yard and they stole it look i mean potential money mean perhaps a legal loss no but they asked if they could purchase it and then the neighbor gave it to them for free stop that i feel like that's such a nice thing to do again the pay it forward yeah mentality yep very into that and there's a really cute pic of um yeah let me turn it around so you can understand my poor description look

how cute that is yeah those things there's like three kids in there as well that's a decent riding in the passenger side of their best friend's ride amazing stuff all right well now normally we'd have a bit more back and forth and discussion because there'd be double the people there'd be double the people so i thought let's just chat some fun stuff from the group okay one of my favorite parts of my job is the fact that i'm in the group every day like reading things and commenting on things and we just have so many fantastic discussion so like not at all subtle plug if you're listening to the pod and not in the facebook group get amongst it there's a lot going on um i wanted to kick it off with something that popped

off we had a thread posted just kind of asking a few general questions about the gender pay gap yep um and a lot of people expectedly talking about what they had experienced the fact that they feel like it's real i just want to ask george like what do you feel like there is a gender pay gap what is your personal experience in this area I know it's a big it's a big one to tackle but I feel like it's it's worth talking about oh definitely definitely see it's it's hard to know because you and I just we're still quite young um so it's hard to know because we oh it's hard to say this because we're talking about she's on the money like we're in a privileged position where we work for a business that really values its employees there are very open discussions

around money yeah like it's all very transparent but most people aren't that fortunate yes um which makes it tricky i feel like no 100 so obviously you and digest have it pretty good at cheese on the money so this isn't something that i've been directly affected by um yeah we're very lucky that our boss is a financial advisor and we're having these discussions every single day absolutely and we're seeing them in the community and we can engage with them but at the same time it is still such a huge issue and it's something that kind of needs to be addressed but I don't really know what the answer is like it's a tough one isn't it yeah it was an interesting along the same lines there was an interesting post on some proposed laws that would mandate pay transparency and

things like that so at the moment it's legal for there to be a clause in your contract that says you cannot discuss your salary with another employee which I think is an absolute joke because that's how businesses leverage you know secrecy if you don't know what if I don't know what you're earning and you don't know what I'm earning then how can you ever find out the difference exactly right and that's where I guess that gender pay gap comes in if there are males that are earning more maybe you're not aware of it or you're not confident enough to discuss it have you ever had this in a past workplace yes and no so I don't want to get too specific here um but in a role that I worked previously I was doing something very comparable to a male

counterpart um and it was in an industry that is definitely I would say male dominated we were really good friends and I knew that he was earning more than me um and there were a few nuances to it like it wasn't super clear cut but I just remember thinking that like I didn't know how to address it I didn't really know how to bring up that feeling of oh like I think I'm working just as hard as you and I'm doing just as much as you but you're earning you know fifteen thousand dollars more than me I it's just it can be very overwhelming I think and I feel like what we were seeing on this thread in the group is a lot of people talking about times that they had been given really poor reasons for why they were perhaps earning less like women are less confident or

women are doing less in the workplace or they have less ambition and that's why your male counterpart is earning more um and to be honest I never got to that point because I never felt comfortable to have that conversation and that's on me 100% but um yeah it's a really tough one and I think like having those conversations like what happened in the group opening up people's eyes and just being more open in general which is what we talk about so much on the pod um is a really good step forward to kind of challenging those ideals have you ever spoken with your mates at she's on the money or in previous workplaces about your pay because that is a really difficult thing to bring up as well how do you yeah not so much at other workplaces

um at she's on the money like i'm pretty across it and like we're all very open and that's like a huge change for me but even strangely in my close friendship group like it's never really been a conversation that's been had which I was speaking to a friend recently and it came up kind of organically and I was very happy and open to share my salary because like I said like we have such an open environment here that it's kind of just second nature now yeah and I like I did it and then there was this brief second where I was like oh my god like what did I just do and then obviously everything was fine like we just continued on the conversation but yeah I don't know how are you are your are your friends the same uh yeah similarly it's not something that

we really discuss like I think for a few of them money is still something that makes them quite anxious yeah and it's just not an area they feel comfortable wandering into yeah which of course if you're not comfortable we're not saying you need to be screaming things absolutely no you do you make sure that you're comfortable but if you are able to facilitate those conversations or if maybe shiz on the money is a good you know a nice opening or a nice segue for you to kind of start having those discussions I think it's really powerful because knowledge is power 100 percent did any other posts kind of stand out to you this week I know that there was one about sugar daddies that kind of popped up about face but yeah that one was so popular random super random we actually

it was interesting because i do a lot of the moderation as i'm sure a lot of people know in the group and that particular post was reported several times lots of times um and we kept it up because in case you weren't aware like we are very sex work can i say sex or is it gonna get like does that make us sex is fine yeah we are very sex work positive here at this podcast um we believe all work is relevant work we are supportive of you as long as you are safe and you are happy that is all that we care about and so it was just a really kind of fun conversation really it was a few people jumped in with their opinions on what they thought was and wasn't right at the end of the day i personally think it's a personal decision that only you can make

for yourself um but it's also kind of crazy to hear how much money people have spent on what like one guy dropped a couple of grand for pictures of someone's feet and like no judgment no judgment if someone said to me i'll send you three grad for a photo of your foot i'd be like have 10 photos yeah yeah are you kidding me you can have both feet you know double the price that is crazy yeah it's wild look to each their own no judgment from me um but it was a really interesting thread to kind of read and see what some people's experiences were so just search sugar daddy in the group friends and it will come up and you can have a little troll of what everyone had to say my favorite comment on that thread jess was from anne who wrote i am a 72 year old

woman and this has been the most interesting thread i followed all year oh my god queen yes girl love that she's in the community oh welcome welcome to anne all right guys we will leave today's incredibly rogue show there hope you enjoyed it uh if you've made it this far we appreciate you before we do head off though we'd like to acknowledge and pay respect to australia's aboriginal and torres strait islander peoples the traditional custodians of the lands the waterways and the skies right across australia we thank you for sharing and caring for the land on which we are able to learn we pay our respects to elders past and present and we share our friendship and our kindness now the advice shared on she's on the money is generally

nature and does not consider 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 and we promise victoria design i didn't even get to the numbers and we promise victoria divine is an authorized representative of australia pacific funds management proprietary Limited, ABN 34132463257, AFSL 339151. And of course, thank you to our dream team of producers for pulling the episode together. Stunning stuff. You nailed it. We don't know if we need that disclaimer because Victoria's not here and there wasn't a lot of financial advice that happened between the two of us. But hey, we hope you have a wonderful week and we will see you on Monday

for Money Diaries. Bye guys. Bye. Thank you for watching!