She's On The Money - Made Redundant Twice… And Built a Profitable Business Anyway

Starting point is 00:00:00 My name is Natasha Bamblett, I'm a proud First Nations woman, and I'm here to acknowledge country. Tii, gulinyan ganya, nianakaka yao yambina waka, nianakai nianbina yakarumja, duminyagumiga dumiga ithawaka nirawamundamun imelan, mumubangada boma ininyalan waka, gaunan yakarumja, wutunarana. Hello beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge and respect the Aboriginal 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,

Starting point is 00:00:41 bringing you the tools, knowledge and resources for you to thrive. She's on the money. She's on the money. Hello and welcome to She's On The Money, the podcast that lets you be pervy about other people's money stories for educational purposes, of course. Welcome back to another one of our money diaries brought to you by our friends at Sky Wealth, where we get to talk with one of our incredible She's On The Money community members all about their journey. Let's jump straight into it because this week I got a message and

Starting point is 00:01:12 it sounded exactly like this. Hi, She's On The Money. I'm a 32-year-old mom of two boys and a wife to an amazing equal parent husband. My money story starts young, growing up in a restaurant environment and essentially working since childhood. I've gone through an intense healing journey in adulthood, and it's only been accelerated since having children and finding your amazing resources during my first mat leave. 2025 has been a doozy from a debilitating neck injury that left me bed bound for a month to saying yes to everything and seeing all of the cards unfold. We're now about to hard launch our business, the first ever car boot baby change station. Money Diarist, welcome to the show. Thank you for having me. So excited. I

Starting point is 00:01:57 manifest this, not to be creepy. Also, I need that product. I'm a bit embarrassed, but I have a Kmart change mat in my boot because I refuse to change my kids in the public toilets. No, But thank you. Yeah, I've used every system under the sun and then spent way too much money on it and just said, F it, I'll make it myself. And you did. And now you're about to hard launch your business, which maybe people might find via she's on the money very soon. But I want to talk to you about your money story. So before we dive straight in, my favorite question to ask, and I always ask everyone this first, if I was to ask you to give your money habits a grade from A through to F, what grade would you give them? I think I'm going to just claim the A.

Starting point is 00:02:44 You're going to claim an A. I love it. Yeah. Just go straight for the A. Okay. I love it. I love it. Let's dive straight in. So we're in A. Tell me a bit more about your money story. I think just growing up in a restaurant environment, it really just shaped how I do things. So efficiency and process was drilled into me so young, as well as how to work to survive and afford the things that you can have so that's always just been a principle of mine since childhood and I've kind of just maintained that and it's a classic kind of small town girl moving into a big city and being self-sufficient there I kind of followed that trajectory so I obviously worked in my parents restaurant as a child they paid me don't worry

Starting point is 00:03:32 but I also picked up another like second job even if they didn't I'd be like whatever that's your parents' restaurant. And I feel like every friend that I've had that's lived in like a restaurant environment, like you have to have a good work ethic. You can't not because everything's so fast paced, especially when you're little. Like if your parents owned the restaurant, they would have been like chop, chop money, Darius, get it together. We've got to do this, this, this, and this. Absolutely. And just being in scenarios where adults aren't even in, like I was running a full restaurant floor by myself as like a 14 year old. You mean 14 years and nine months because that would be legal. Yes, yes.

Starting point is 00:04:05 yes yes yes yes you haven't been doing that since you were nine no no no no no but you know I did run the occasional like docket to the kitchen and you know brought out the prawn chips for the customers all that typical cute girl Asian stuff and yeah kind of just worked my way through school as well I had a part-time job at a juice bar just to earn some extra cash all in the effort to kind of have that nest egg to move out and then I was fortunate enough to be accepted into a good uni where again I just kind of paid my own way I'd received the youth allowance from the government which supplemented part of the income as well so again thankful for our government resources that you know enable more rural kids to get that formal education and I worked for a lot

Starting point is 00:04:54 of seedy pubs before landing a job as a cocktail server at the private gaming rooms in the casinos oh that would have been so interesting a lot yes it was so interesting I think that's where I had my big you know first awakening about how money moves in the world yeah when you're getting paid like a minimum wage job but also a lot of it was supplemented by tips so that side of things is is the true trope of you can generate a lot of money from tips working as a cocktail server Totally. And as you mentioned before, you grew up in a rural kind of area. You've mentioned that you're Asian. I feel like that culture shock would have been a lot as well. Exactly. So going from an environment where you have to work to get paid to seeing people

Starting point is 00:05:42 like do $100,000 bets on a table and just literally throw their money and so much wealth around the room and I'm here like here's your drink and then you know I get a dollar tip in return like that was just bizarre to me thanks babe yeah it's a lot isn't it and as somebody who you know I didn't grow up in the same environment but I did grow up not with wealth and then coming into I worked in the financial advice space in the high net wealth space and it was really confronting being like wait you don't care about this like here I am trying to you know save another $100 because I want this really important thing to me. And you kind of just flushed it down the toilet. What do you mean you don't have the same value with money? Absolutely. And also learning

Starting point is 00:06:30 that wealthy people, I guess, to an extent, they shouldn't be looked up to in a morality kind of way. Oh, absolutely not. Like there was a guy who showed me his bank account and like put his phone in my face, said, can you read those numbers on the screen? I was like, it's $400,000. And he goes, that's my bank account. Wouldn't you like to have that in your bank account? And I was like, here's your drink, sir. What the hell? Also, okay, sir, if you've only got 400 grand in the bank, what are you doing in the high rollers area? Sorry, someone over there just bet 100 grand, sit down. Yes. Yeah. Very just, I guess the coming of age of just being in the city, kind of working my way through getting my first office job. It was like a $40,000 grad job.

Starting point is 00:07:16 I thought that was a win. Suddenly, you know, I had this stable income, paid six days, paid annual leave, which was a foreign concept to me and working my way up until I landed like a fancy corporate job. That sounds so similar to me. And you would have thought this is living. This is the most amount of money I will ever earn. I'm basically rich. Absolutely. And all that kind of came to a head last year with my neck injury. I had a bulged disc in my neck, which left me bed bound for a month and in those moments I am okay it's an ongoing maintenance thing it's just old age so check your posture this is everyone's reminder to check your posture old age she says at the ripe old age of 32 I feel old anyway so I had a lot of time with my thoughts in bed and I

Starting point is 00:08:04 was like thank god I have this fancy corporate job that is paying my sick leave and while I'm recovering i can work from my bed and my partner has this flexible fancy corporate job too that's allowing him to be flexible and manage out two small children oh a neck injury in bed with two small kids oh that's nightmare material he did it all and just a general shout out to the millennial dads out there who are actually just being equal partners in life and it's freeing up so much mental availability. Oh, I love it. For women now. And I'm here for that. And yeah, so we had a few big financial decisions to make last year as well off the back of, you know, recovering from that neck injury. We had our eye on an investment property that we thought was out of our league.

Starting point is 00:08:54 We were also needing to pay the first big invoice for our business. Oh, and that starts to add up real quick. Like you go, wait, I have to pay that too. Oh, wait, I have to pay web hosting. Oh, I have to pay this, that. Oh, it just starts coming in, doesn't it? Yeah. So within the same week, we had to say, go for it with the investment property. We were like, we have to like scrape all of our money together to pull the deposit together. We also need like spare change to pay the invoice for the business. All that came in a week and we felt really good about it. And then the week after I was made redundant from said anti-corporate job. no you're getting kicked while you're literally down yeah funny how that happens I don't know if

Starting point is 00:09:35 that's funny that's not what I would call it but like you know what I can see that you're gonna call it funny we'll go with that because oh trauma yeah so thankfully that also came with a nice 20k estimated payout so we were seeing that as a blessing in disguise because we also needed that capital and just so that we wouldn't be running down on like zero dollars I like to have padding in my finances yeah yeah yeah a buffer exactly good girl that's what we like to hear but you know the universe blessed me again and they found me a new job within the same company with a 20k pay rise you got paid 20 grand to stay at the company yeah here's a pay rise here's 20 grand have a nice day can't they just tell you that all at once I know can't they just work it

Starting point is 00:10:23 out in the background so that we don't have to stress like oh yeah I'm glad that that happened for you yep fast forward to today like we've now launched our business at the start of the year stop it congrats also coinciding with a second redundancy luckily they honored the original payout but you didn't get a payout for the second redundancy because you wouldn't have been there long enough hey no yeah same company but it was only like a six months which is rough oh my god So do you have a role now or are we focusing 100% on this business? We are currently unemployed, which has given me lots of headspace to go all in with this business.

Starting point is 00:11:02 Maybe this is exactly what the universe has been sending you. I've been hoping so, but I do need to start looking for a big girl job soon. But I'm hoping, yeah, we can kind of take our time with that and go all in with this business while we've kind of got the free time. Absolutely. So tell me a bit more about this business. not necessarily like, oh, sell it to me. But like when you start a business, how does it go from Victoria? I had a lot of time to think I was on my back and, you know, I decided to go all in.

Starting point is 00:11:33 A lot of people are like, oh, Victoria, I can't come up with a good idea or I can't even start or I have a good idea and I don't know how to like, you know, make tracks with it. How did you go from laying in bed going, I should make a baby change station for boots of cars to actually doing it yeah so the idea has actually been a few years old because my children are three and five so there was a lot of kind of mental ideation going the toilet change now ideally yeah but we still have the organizer in our boot it's one of those things yeah of course so yeah it was kind of one of those back on the porch discussions with my husband being like I realistically in 10 years time we're not going to double our income we're going to hit a ceiling in these fancy corporate

Starting point is 00:12:17 jobs. It's going to be more competitive, more ruthless. I don't really like the job now and I don't want my manager's job. Am I going to be doing this in 10 years? Is that what life looks like? Exactly. So that started planting the seed of what would we do to pay ourselves then. My background was in corporate marketing where we do a lot of brand launches and new product development she's on the front foot so I had that experience of identifying gaps and challenges that everyday people are having one of them was obviously the car boot baby change station and the amount of car boot nappy changes we did especially with our second baby who just always went in the car why why is the car seat it was we call it the poo station like we put the

Starting point is 00:13:03 kid in the car oh if you're constipated no worries I'll go put you in the car seat and then I just know what's going to happen they love it exactly and with my second maternity leave I was so much more confident and out and about so I was in the car yeah so you were dealing with that in public but you know it just gave me this confidence and connection it turned from being because I had those systems organized with like you know my makeshift caddies and my anything that I could to make the process easier so I didn't mind it I used those few minutes as like little opportunities the connection like of course you shout yourself like get on with the day yep and that really just lightened everything up and so I thought there's probably something in that and I had one of those

Starting point is 00:13:47 over this car seat organizers the cheap ones that were terrible I went through so many yeah because they just rip like they're really bad yeah and so I just said I know how this process works like I know that I can yep you know commission a third party to kind of spec up the design and do the manufacturing side of things we're in well-paying jobs so all this was kind of a few years ago yeah and that's just how long that process takes and yeah of course you know inventing something new and it all came to a head last year so exciting where we had to say yes we need to financially commit to this oh yeah like you can only kick the can so far down the road before you have to put your money where your mouth is to see if it's actually going to work

Starting point is 00:14:30 exactly and so we did that and then everything started unraveling after that but it's just been like a really fun trajectory it's I think a lot of people are so attached to their work and their identity is tied to work whereas I learned to kind of separate that my priorities are elsewhere and trying to set up my family for financial success and do something meaningful with our time and instill you know better values in our children other than you really need to work hard to survive because I think you need to work hard to an extent but you also just need to work smart yeah and I think that that's a really big piece that a lot of us just don't understand or it's really disappointing right like I meet so many people in their you know 50s and 60s who are only

Starting point is 00:15:17 just discovering she's on the money and they're like I wish I knew this earlier I do too but you kind of go it's not about working hard because these people that are coming they're like Victoria I've worked so hard my entire life. They're doing all this over time. Like they are some of the most intelligent women I've ever met. But backtracking, it's not about being the smartest or the hardest worker. It's about zooming out a bit, looking at strategy. Like you've said, I'm listening in awe going, oh, this woman's really switched on because you said, you know, it was just a porch conversation with my husband. Who's sitting on their porch with their husband going, what does 10 years from now look like? Oh, our income's not going to double in this corporate job. What could we do to support

Starting point is 00:15:59 ourselves? These are the conversations I want people to be having. These are the conversations that are going to put you in the best possible position. Because yes, you could get your very fancy corporate job, but where's the ceiling on that? What does that look like? Is that going to support the lifestyle that you want? And I think that that's where we need to start talking to ourselves a little bit bluntly, like, hey, money diarist, is this what you want for the rest of your life? Is this going to create the lifestyle that you want for your children? And you've ultimately gone, nope, it's not. What am I going to do about that? And look at you moving mountains to make it happen. Oh, we're trying. We're trying. But yeah, like there were just so many, I look

Starting point is 00:16:36 back at the powerful women in corporate who I admired and like, they just seemed so well put together and they had, you know, so many houses and I was like, I'm going to get that. But then once you're there and you're like, oh, and this cost of living, I'm like, I can barely afford rent and daycare fees let alone have an extra like investment yeah it's crazy isn't it yeah so it's just taking into consideration you know that as well and just where things are moving yeah absolutely so tell me what did you do for work before you just got made redundant again and what were you earning so I was a brand marketing manager the salary was 120 days with a 15 very nice bonus yeah short time incentive bonus oh very cool and what did

Starting point is 00:17:20 like incentive bonuses kind of come out in the wash as each year? It went down every year at that company. Maybe that's why we ended up being made redundant. Who knows? Not because you didn't do it, but I feel like that industry is struggling at the moment. Yeah, it is. And that's the thing, like I can look at things objectively. When you're in those positions, you see the numbers, so you can't deny the fact that some things are going to move. And you as middle management are probably first on the talking block. I can't take that personally. Oh no, it's never personal, but it does feel personal when you get made redundant irrespective of how logical you are like you always go I wish like it wasn't so personal but at the end of the day I think

Starting point is 00:17:59 it's really healthy to like your job enough to be like I wish they kept me yeah of course I cried for a day and then started looking for a new job so I started making other plans good girl give yourself a little bit of time be like I'm crying today tomorrow we pull our socks up yeah I think the biggest bonus I received was four years ago and that was ten thousand dollars very nice last year it was three thousand dollars so it's still better than nothing obviously but I was never one to kind of budget the bonus in my lifestyle anyway the bonus was just exactly what it is and now that you've got this business what kind of profit are you guys generating So we have no profit because we invested about $50,000, $60,000 into the upfront costs and

Starting point is 00:18:49 inventory. We do have a small operational cost. We've only been operating for about three months. Our average revenue is about $12,000 a month. Oh, okay, queen. And an operating profit of about $2,000 a month, I believe. Sorry, and your business is only three months old and you already have an operating profit? Yes. ah that's so exciting I know that you're looking at this being like babe that's not going to pay a mortgage is it but from little things big things grow and that's really great traction

Starting point is 00:19:20 thank you yes we've been surprised we're like we set a stretch goal of like if we sell 50 in the first six months that's a win yeah totally that I would also be working full-time as well and that would just be you know like the side hustle for this year so I've been really grateful and pleased to be able to spend my full-time energy on this. And seeing that it works, seeing that my skillset can make something work has been this moment. Absolutely, it can. And look at you go. I don't think people understand how challenging that is to kick off a business and have a profit to begin with. Like, Queen, what are you doing? That's crazy. I love it. So talk to me, what are your big money goals as a couple? Like what are we

Starting point is 00:20:08 currently working towards? So we have a second home. I don't think it's an investment property because in the long term we plan to be there, but it is a hundred acres of rainforest in the mid North coast. And we want to build that up to be a homestead eventually and basically retire there build it up restore it at the moment it's our school holiday called the bush house so like we go there yeah the plan is to be there like every school holidays and just fix it up every now and again and yeah eventually kind of just be there and I want to harvest the wood and make baby cots and give them away for free like you stop that that is so wholesome yeah we want to be you know be in that homestead lifestyle but not in like a trad wife way okay so we're no ballerina

Starting point is 00:20:59 a few to the system kind of way so tell me a bit more about how you came to have that property because that is very cool yes so that came about again the affordability crisis we live in sydney the two-bedroom apartment below us sold for 1.2 million and we're like no and whatever deposit that we had we couldn't even afford anything so that's where we kind of you know said goodbye to having that nice terrace in Surrey Hills that I kind of dreamt up that I would have because we had these corporate jobs we could pay for anything yeah absolutely we just said why do we want to live here like why do we want to own multi-million dollar property here when we can't afford it and that kind of just kicked off for this big you know look 10 years down the track

Starting point is 00:21:49 where we want to be so and how do we want our children to grow up as well so that's where the bush house idea kind of came from we started looking for acreage and maybe some farmland and we just found this perfect perfect one which had a cabin on it a running creek through it stop it that's dreamy it came to us yeah it went off the market for a bit and then it came back we realized that we could potentially buy it inspected it got pre-approval, got it. And that was one of the big decisions that we had to make the week before I was made redundant. Oh, stop it. That would have been so stressful. Yeah. All right. Well, let's go to a really quick break. And on the flip side, I want to ask you a little bit more about

Starting point is 00:22:31 how much you paid for that property, about investments, about debt, and then we're going to talk about insurance as well. So, guys, don't go anywhere. All right, Money Diaries, we are back and we were talking before about this dreamy sounding property that you guys own, but you were like, I don't know if it's an investment or not. So, tell me a bit more about the property. When you purchased it, how much did you purchase it for? It was $400,000. What? It's got a creek running through it and it's got a cap for only 400 grand. Yep. And that's why it stood out to so much amongst all the listings within that criteria that were about you know 700 to a million in that area and for that size this was a gem and we were really sad to see it go off the market

Starting point is 00:23:23 but it formed our criteria for what other properties we should be looking for none came close and then it came back on the market and we got it yeah and do you know what that would have been the most validating thing ever because like when it went off the market you were probably like, do you know what? We should have bought that. And then when it came back, you were like, well, now we're pretty clear that we did really want that. Exactly. Oh, like I know that that would have been frustrating, but also I'm really glad that happened because then you've got even more clarity about being so sure about what you want. Exactly. And like in that brief moment of time being like, maybe we, if we just save a bit harder

Starting point is 00:23:59 than like we could. Get something more expensive. Get an apartment and then work our way up. So was that bought in 2025? Is that right? Correct. So we've had that for nearly a year now we're approaching. That's really exciting. And are you investing in any other ways? No, to pay for that, we cashed in a lot of our shares. So we didn't realize what we were sitting on. You know, I found Sharesies thanks to you. I invested in a couple of ETFs and a really obscure one wwe wrestling oh okay totally obscure but what made you want to invest in that what was your theory behind that because we are big wrestling fans okay i did not see that coming

Starting point is 00:24:39 if you get into the rabbit hole of how that business works it is really fascinating because it's firstly it's an industry where gender equality is actually true to form like the women's league probably rivals the men's the way that it's run and how the current chairman was a wrestler yeah okay so a lot of their executive team come from wrestling work their way up through the business so they're making the right decision yeah they got their hands on the tools they got acquired by TKO which is like the UFC one yeah so we invested about 10k into it and we got 25 back okay money queen yeah so that was a really weird worked out in our favor we cashed it out in good timing because they were the corporate sponsors of the trump inauguration

Starting point is 00:25:27 oh and that just didn't sit well with us so we kind of just was like let's quit while we're ahead cash out this is contributing to the deposit future wealth of our family yeah yeah and so now we just have the shares that my husband has from his company i like your thought processes though around like no we're really big fans and you clearly looked into it you're like look who's on the board look who's running it I was like okay I love talking about this it's a good rabbit hole if you want to get into it oh I don't know if you know me well enough but I love a rabbit hole so tell me about your other investments because you said oh we don't really but you would have superannuation and you've got a whole business tell me about your super super I did check the

Starting point is 00:26:08 other day we're at 110 000 individually at 32 yeah and I think my husband has about 150 in his super you are doing well you are far above the average have you been contributing more over time I guess it's just from working since day one since you were a child yeah yeah and then just our stable, you know, corporate jobs that have been contributing. I think it was a higher than average contribution, but like 1% or something. But yeah, and we also have insurances coming out of that just automatically. That's really cool. Well, just for a little bit of context for you, the average 30 year old has about 70,000. Oh, wow. So you're doing well. And if you pay attention to it, it will continue to do well, which we love to see.

Starting point is 00:26:59 And then your business investment, obviously that's going to be a big one. And I see a lot of small business owners and they often feel really guilty. They're like, oh my gosh, Victoria, I'm not investing in shares. Like you're always talking about shares and like what you do, your biggest investment in life. And I would say my best investment in life was my business. So I can see why people would feel bad because they're absorbing all this content where I'm saying, oh my gosh, investing in the share market is a really great idea. Like maybe you should consider it. And on the flip side, for a very long time, I've poured most of my money into my business, like reinvesting in my business, reinvesting in the people in my business has had

Starting point is 00:27:38 the best return for me. So, tell me a bit more about your business and where you want to see it. Like, have you got big goals and aspirations for it? Obviously, it is a very cool concept, but like, is it a, oh yeah, we just want to have our own website and sell it through that forever, or I want to be seen in Target and I want to be in Meijer and I want to be in David Jones or what's the strategy? The strategy is to hopefully expand it into just a bigger kind of parenting organisational, I guess, resource and support system. We want to be a village for parents who want to get their crap together

Starting point is 00:28:14 but just don't know how because it's so overwhelming in those first few months where you believe anything that gets told to you by anyone with some kind of authority you don't know what to buy you're testing a lot of things but our brand is really more about simplifying all that so that everything just comes more naturally and easily to new mothers and just remove the chaos in decision making I think decision fatigue is so overlooked and when you suddenly don't have that decision fatigue you actually don't know how well you're doing because you've prevented the chaos before it even started so I'm a big believer in strategy up front to save like future sanity that's a lot right like

Starting point is 00:29:01 I didn't realize how all-consuming it was when I had my first baby and now I've had my second baby it's like you're an autopilot in a way and I'm like oh those are the wipes that I need like this is the you know the stuff that I like this is the formula that I enjoy whereas I remember with Harvey every single decision I was googling I was like right well what are the best baby wipes like and you go down a rabbit hole of being like oh my gosh did you know that has xyz in it and this isn't just pure water and oh my gosh the density of the wipe like that is exhausting yeah that is just like can another mum just tell me which one's the right one to get please and it not be a sponsored ad of an influencer telling me oh these are the wipes that I use on

Starting point is 00:29:44 my child. And then next week they're using a different one. Like, just tell me what your favorites are, mom. Exactly. And the purpose of the brand is to not tell you exactly what to buy, but it's to give you a framework because you have your own preferences. Your family life is so different. You might have a baby and a toddler or three kids. It's only a finite amount of kids you can have. So there's only so many times you can test and repeat what you know and what you don't know so I guess with the brand it's giving new mums or parents a framework so that they can kind of fill it in and hopefully that would just be a lot more easy to you know do those car boot nappy changes or anything mess wise that could then expand bigger into like life organization

Starting point is 00:30:27 and yeah big parenting organization strategies that can just help you do life easier and tell me about debts that you hold I know that you've purchased a house last year so that was four $400,000. What kind of debt are you carrying on that property? Currently only $300,000 on that one. So we put down 20% and then we pay a higher repayment fee than what we have to just so we can get ahead. So yeah, about $300,000 owing on that one. How good. And what other debts do you have, if any? $20,000 in HECS debt. So hopefully that should be scrubbed within a few years if I keep working full time or hopefully I can generate enough income to just wipe it. Yeah. But that's not

Starting point is 00:31:10 really a priority to wipe away at the moment. Totally understandable. I've got a credit card with an eight thousand dollar limit that we use for all expenses and pay off every month. And that's about it. Husband has no hex debt. Good job. So tell me a bit more about the credit card. Does that run you into any problems? Do you find that you tap a little bit happier because of it or like what does that look like? No, we've been one of those points hoarders credit card people. Love. We look after the credit card a lot. It's purely a point to get and we scrub it off every month. Oh, I love that. And is that how you've always functioned with credit cards? I get the vibe that you're pretty financially responsible. Yeah, I've had a credit card since I was 18 just

Starting point is 00:31:54 to purely manage my own personal cash flow because sometimes you need a bit of extra help when you're like a poor uni student. So that was always there as an emergency for me and making sure that, yeah, that was paid off pretty promptly or just having really small limits. Like I think that credit card was like $3,000. Yeah. That, that sounds logical, but I did the same thing. Got my first credit card at 18 and my emergency was clothes and shoes. And I was really good at it. Like of all people, like I could max out a credit card pretty quickly. I'm not proud of that, but that's why I ask. I'm like, oh, what did that journey look like? You've just been a responsible girlie the whole time. Now, talk to me. You obviously have two young kids.

Starting point is 00:32:35 Do you have personal insurances? Have you set them up? What does that look like in your life? So, we do have personal insurance. I have TPD and that gets withdrawn from super automatically. I have life insurance that also is an automatic withdrawal from super and I did have income protection as well. I don't know if I need to update that or not. I love to see it. And is that something that you've actively gone and sought out or is that something that was default in your super or like what did that journey look like? No, that was a podcast review a few years ago as a prompt reminder and I looked into it and I was like, well, we should probably get this. And then we did it with a few clicks. So now that's just

Starting point is 00:33:14 an automatic thing in our super. Stop it. I love that. Now talk to me. I feel like you've probably got some pretty good money habits what do you think is your best money habit probably I only shop when it's an extra 30% off sale items and I batch shop so that they're all like essential items essentially or items that will last me years to come because I figured if they're selling them for that price then that's what they're worth yeah like just take it extra 30% off. Like why is it retailing at 300 and yet I can get it for way less. That's crazy. That is crazy. I'm always so suspicious of brands that do that. And I've been a little bit, I don't know if the word is cheeky, but you know, when you kind of just know that a brand goes on sale, I'm like,

Starting point is 00:34:02 well, I'm never going to purchase you for full price. I'm sorry. You've done that to yourself. Like I've never paid full price for bonds and I'm sorry. I just, I couldn't. Yeah. I just know that you go 40% off way too often. Yeah. And then sometimes it's taken extra 30% off of the 40%. Exactly. And like, I don't know about you, but being a young mom of two, I go through so many bonds onesies, so many bonds singlets, like they just endless. And I swear that they disappear in this house. They're like socks. Exactly. Or they just disappear. Yeah. Or the amount of like puke or poo or just any mess that gets on them. If it doesn't come off in one wash me, I'm very bad like that.

Starting point is 00:34:45 So that's probably a bad money habit of mine. I can't be bothered laundering this five times. So mine's the flip. Like I will launder everything. I'm a psycho at it. But, and I've said this to daycare, if it is poop and it happened at daycare, you just put it in the bin. Just put the singlet in the bin.

Starting point is 00:35:03 I do not put it in a plastic bag for me to open at home and have to deal with. Like there is nothing worse. Nothing. Yeah. The whole bag in the bin. Bye. Bye. Sorry. Don't send that home. It's a nice present. Thank you. Oh, and on the flip side, what's your worst money habit? Is it throwing away onesies? Little treats. So I am a sucker for like a lot of like $10 to $15 purchases from cafes from little bakeries my reasoning being I like to support small businesses and I need a treat so you deserve a treat too yeah like I rationalize like if it's a small amount I can get away with it no I like that but that's like not a bad money habit that's a you supporting small business that's very wholesome exactly we're actually really good people you know yeah

Starting point is 00:35:54 community outreach. Exactly. You are doing charity work, basically. So now that we've had a really good chat and I've loved this chat, what do you think it would take for you to go from the A that you said you were, which I agree, like you sound like an A, but what would make you an A plus? I don't know what an A plus looks like. Like, are you an A plus? No, no, absolutely not. If I had something to visualize what A plus was. Am I an A plus? No, like I'm a do as I say, not as I do kind of girly. Like, am I always good with money? No. Do I pretend to always be good with money? No, but I am fantastic at systems and putting them in place to make sure that I can reach the goals that I want to, but I'm sorry. I'm a sweet treats girly. Like I often purchase

Starting point is 00:36:39 things that I shouldn't. And I often blow the budget. Like gift giving is my love language. I think an A plus is where you're really happy with your own situation. I don't think an A plus is a person or an example, because, you know, I know that I'm not an A plus in my heart of hearts because I could do better. Like I could do better. I could have my finger on the pulse. Like there are a few things financially at the moment that I'm going, you know what? I haven't checked my phone plan in a while. Like, and I really should. Like, I think an A plus is someone that's like, nah, I'm on top of this. Whether they're earning 30 grand or 300 grand, it doesn't actually matter. It's just like, no, I feel really confident. I'm on top of this. Like my money habits are like,

Starting point is 00:37:19 you know, top notch. I'm doing absolutely everything in my power to be the best that I can be. Whereas I'm, I'm not right now. I love the honesty though. Well, in that case, I guess my version of A plus would be sitting on my balcony at my bush house, owning it. Yeah, exactly. Owning it outright. All right. I own this land. Like, I think that would be how I would give myself an A plus. All right. Well, we're working towards it and I don't think that that's out of reach. Like that's going to happen at some point. Thank you so much for sharing so much with me. Oh, I'm so excited. I just, I hope that we get to cross paths in person at some point because I just, I reckon that we'll be good friends. Well, thank you so much for your time and sharing your journey

Starting point is 00:38:03 with the She's On The Money community. I just know they're going to love getting to know you as much as I have. It's been a privilege. Thank you. Thank you for having me. It is a manifestation come true so submit those emails girls yeah literally just do it and like come hang out 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 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

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