She's On The Money - MONEY DIARIES: Home is where the cash is

Episode Date: October 22, 2023

This week's beautiful money diarist is warm, caring and savvy! She owned a house with her husband, and after a relationship breakdown and inflated interest rates, she turned her home that was costing her, into an Airbnb cash cow! However, this hasn't come without sacrifice.  Acknowledgement of Country By Natarsha 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.See omnystudio.com/listener for privacy information.

Hello, my name is Natasha Nabanunga-Bamblett. I'm a proud Yorta Yorta, Kernai, Wolperi and Awadjeri woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on Awadjeri country, acknowledging the elders, the ancestors and the next generation coming through. As this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow. Let's get into it. She's on the money.

She's on the money. hello and welcome to she's on the money the podcast for millennials who want financial freedom. Welcome back to another one of our very special Money Diaries where we get to talk with one of our beautiful She's On The Money community members all about their money story. Let's jump in because this week I got a message and it went like this. Hi V, I'm a single mum, a teacher, I'm renting my house out on Airbnb whilst I've moved back in with my parents and I have made an extra $41,000 in 12 months from being on Airbnb. Money diarist, 41 grand is basically someone's whole salary. What the heck? Yeah, it's been pretty amazing. And I actually got

the idea from one of your podcasts. I'm going to hit up Airbnb for sponsorship. I'm going to be like, hi, Airbnb, it's me. I'm basically funding your entire business at this point. Yeah, I think it was Georgia or Jess that just said that one of their brothers was doing it on the weekend. and I just going, oh, that's actually a great idea. I'll give that a go and see. Oh my gosh. So how did that go with you, I guess, having to move back in with your parents and stuff? Like it wasn't ideal. We built our house over like during COVID and we were only in it for six months before we separated, which was unfortunate, but it was a bit hectic. I had decided to do the Airbnb literally just before I moved back home with mum and dad. And I had my

first booking ready to go and he hadn't moved his stuff out just yet. So it was literally he moved out one day and then the booking was the very next day. And it was like mayhem. It was like an episode of The Block where they're getting all their last minute stuff ready. Yeah. So my parents even helped me with that. His mum helped me as well. Oh my gosh. Adore. All right. I want to know before we get further into it, because I've got so many questions. I feel like you've just given us so many like tidbits and like things that I'm like, are they spoilers? I think they are. but money diarist what grade would you give your money habits if i asked you to grade them from a through to f i was talking with my partner about this last night and i think a b minus

all right well let's learn more about it my favorite question in the entire universe money diarist can you tell me a little bit more about your money story yeah so growing up it's very middle class family my parents were divorced when i was nine months old but my stepdad was in the picture from like two and we never wanted for anything. So we, you know, did music lessons, did dance class, but money wasn't really talked about at all. So when I was 18, my mum recommended I got a credit card because then you'd get a good credit score, even though that's not what we do in Australia. That's fine. She was doing the best she could with the resources and knowledge she had. Yeah. Financial literacy. Interesting. Yeah. But I was lucky that I didn't actually

splurged too much. I paid it off every month. I had like a four grand loan towards my car and yeah, paid it off consistently. So my money story, yeah, that's, that's pretty much it. But I think I've always been a really good saver. So I ended up saving like a hundred grand towards my first house. No, you didn't. Yeah. I've built twice. I was with my first boyfriend for like nine years. So we built out in the Yarra Glen area. Anyway, like we'd separated and I got a settlement out of that and then I ended up paying my Hex debt off with it because I wanted to be debt free,

reconnected with my high school sweetheart. Ten years later, we got back together and got married, had our little munchkin. No, you didn't. That's so sweet. Yeah. I know, you have a bambini together. We do, but then it's ended.

No. What? That was a rollercoaster. It was crazy, right? he ended up cheating and leaving me for a 23 year old so it was like that'll work out in the long term really nicely for him yeah but I mean I'd relive it every day just to have her so yeah no 100% like yeah straight in the bin with that man I love it all right tell me a bit more you mentioned you got a credit card at 18 and a $4,000 loan for a car and I feel like these are things

that in people's money stories can send you one of two ways and it sounds like it sent you down the route of just being a really good saver and you were like I have these financial responsibilities I'm going to pay them off. And, you know, I've got a credit card and going to pay that off monthly. Whereas some people go down that route, get a credit card, end up in mass amounts of debt. They might get a car loan of four grand and then four grand turns into eight grand and like things compound. Where did you learn to save? Because being able to save on a teacher salary, a hundred thousand dollars is bloody impressive. But I also really want to learn from that. Yeah. I read the Barefoot Investor a while back, but I think I've just been saving before then

anyway. Like I knew we were going to buy a block of land and then you'd be paying in installments when you're building. So I just wanted to have a buffer. I'd like to say I'm as good at saving right now, but it's changed a little bit with everything. Yeah. I don't actually know where I got it from, to be honest, because it wasn't spoken about. I think I just decided to do it. And I saw that he, my partner at the time wasn't saving at all. So I made, sounds wrong if I say made, but I got him to contribute as well. So we were saving for it together. And even though out of that a hundred grand, it was probably like 70,000 of it was mine. At least I got him to save. Yeah. Along the way. That's so good. I love that. Now you've just mentioned in, I guess,

the start of your money story that you had your first partner, you were with them for nine years, and then you got with your high school sweetheart, which took me on an absolute rollercoaster, had a baby. But how did you come out of both of those relationships financially stable? So with the first one, we were engaged. We hadn't lived together before and I would not recommend that again, but I just felt like it was a bit of a controlling relationship and I decided to end it. And we decided that he would buy me out of the house. So we kept negotiating back and forth and yeah I walked away from it fairly well it was still a loss but to walk away with 77 grand at the end of it okay so like kind of clean but also probably not taking into consideration too much

else yes exactly and then I paid off the 30 grand left owing on my hex debt I'd always been contributing like the voluntary contributions yeah the contributions along the way so it wasn't too high and then when I reconnected with my high school sweetheart we ended up going to America and traveling a bit, we had separate accounts. So that was all separate, but he put his on a credit card and I didn't put mine on a credit card. Yeah. Okay. Yeah. And there were a few flags along the way. So I found out probably about, I want to say 12 months in that he had 60 grand worth of debt, which I feel like now I would be saying that at the very start of relationship, like communicating upfront about finances. So we decided that I would pay our rent

when we moved in together. I'd pay the rent, I'd pay the utilities and he just worked on paying down the debt. Okay. Do you know what? I think that a lot of people will go, what the hell were you doing money diarist? But if you're reconnecting with somebody and you're like, I see a future with this person, you obviously trusted them enough to have an actual child with them. I'm assuming that when that decision was made, it was because you were going to be life partners, not because you were going to you know just let this man freeload off you right exactly yeah so what happened next we rented two separate places together and then we ended up deciding when my daughter was three months old that we would move back in with my parents because building and paying

rent was just going to be an absolute fortune yeah because the block of land was also quite expensive yep and then COVID happened and the building process slowed down so instead of being there for one year we were there for three it was very trying but we both had jobs where he could leave the house I think it probably would have ended a lot sooner if he wasn't able to leave the house yep fair being with the in-laws yeah but I get on with my parents really well and it's great having a support network takes a village yeah and then we moved into our place in November 2022 and then we were in here for about six months and yeah it got to like May and he said that he wanted a divorce and there was no talking about it I go into a marriage believing that you try

to make it work like you might go to therapy or like you hash it out so I was a bit taken aback by that obviously did you know the whole circumstance like as to why he was no okay so that would have taken you even more by I guess chance you would have been like well what the hell like can't we work on this and he in the background's like no I have a new family pretty much it was like total blindside oh my gosh I'm so sorry my whole heart oh oh look I'm so happy now oh yeah he's out he's cancelled we don't care about this man no absolutely not how did you then find out somebody else was involved so it was fun there were a few different things so he actually brought her up to me because we were cohabitating still yeah for I think it was

like two months after yeah because the first reason he'd given was just that he was finding himself he hadn't felt like himself since he was 12 I was like okay that's news to me he'd had depression but he hadn't medicated for it and he just started taking these tablets and said you know what I've started taking the tablets and now I feel nothing for you and I was like wow okay well how about we go back to the doctor and we talk to our doctor because that's not normal right yeah let's not give up on a marriage yeah and then a couple of weeks later he mentioned her and I was okay that sounds really soon and yeah it wasn't great he was basically going to her house on the weekends and then like his car was broken he was parking her car out the front of her house because

she had two vehicles so he could use one of hers and I was just like you need to leave this house like this is toxic we were really good in front of our daughter like there was no swearing carrying on or anything but it hurt a lot like every time to see her car out the front of our house I was like how is this happening it was really surreal that's wild what a douchebag yeah I'm so glad you're out of that circumstance you deserve so much better but it blows my mind like the male audacity. Like, hey, I've supported you. Like I've gotten you out of debt. Like he's probably still in debt. Let's be honest. Oh yeah, I know he is. Yeah, there you go. Exactly. Like, do you know what? He's one of the few people that deserves it. Yeah. Not myself, it's not my monkeys.

All right. Tell me a little bit more about you, less about him. I want to know, what do you do for work? How much money do you earn? Yeah. So I am a grade five teacher and I earn just under 114k a year, including super. Oh, that's good. Yeah. I've been teaching for 10 years. So yeah, deserved. And I started renting out the house on Airbnb. So I've made about 35k on Airbnb and then the rest of that other four grand was made up from booking.com, which I decided to also do. Yeah. Go hard or go home. I love this. Yeah, that's it. Tell me a bit about that though because I'm interested in just understanding how Airbnb works because I feel like in the media at the moment especially over the last few weeks and I know you're in Victoria

but we've been talking a lot about this introduction of the seven and a half percent Airbnb tax what are your takes on that how does that work it definitely makes an impact like already I'm paying tax for the first time this year normally you get tax back that's not a chance for me at all this year. And having that extra 7.5%, was it? Come in, it's probably not looking viable to keep going with it, to be honest. I would rather either sell the house or rent it out permanently because it is like having two jobs. Like, cause I clean it myself. Yeah, there you go. So I want to ask a bit more about it because this Airbnb tax of seven and a is being introduced in the hopes that it will free up more long-term rentals from short-term

rentals. What does that actually look like for you? Would this mean that you can afford to rent it out to people at a reasonable amount? Or, you know, you mentioned before, I think I might have to sell it. Like that defeats the purpose from my perspective. I have a high mortgage. I would rather be able to save a lot more. And I know that I won't be able to meet the mortgage with just the rental income. That's not going to happen. No, absolutely not. Yeah, exactly. So I think it's a bit tricky. Obviously you can't time the market. So I will either rent it out for 12, 14 months and then see what the market's like, maybe rent it out for another year or I'll try and list it. I haven't decided yet, but I'm going to make the final call probably December or

January. Yeah, that's fair. Anyway, let's move on from that. I feel like that's really exciting. you've bought a house, like you still own a house, but what's your big money goal? What are you currently working towards? Big money goal at the moment is to actually get my mortgage to start with a seven, not an eight. Yep. That feels nice. That will take some pressure off. It will. I'm very close to doing that now. It's sitting at 806, but then you obviously get the mortgage interest payments and then it's like, oh, and now we're back to 810. Yeah. But that's one of my big money goals. And then next would be investing more. I've started to, but I want to get into it a lot more than I am and do it consistently. What would that look like? So at the moment,

I have some automatic payments set up, but I don't have them for investing. So my treat to myself when our financial agreement was all done was to buy shares in my own name. So I did that. Cool. How did you buy those? I did it through IBKR. It's Interactive Brokers. Yeah. I got on to them through my brother who's obsessed with tesla and investing and things like that helpful person to have in your life yeah he's good with economics and everything so I went to him for advice on that one and also I don't know like the last 12 months has been a roller coaster and actually understandably so yeah paying the lawyer fees which actually went as high compared to other stories I've heard recently, but getting the house in my name was a very stressful event.

I was very lucky. My dad actually helped me with that. So my ex and I came to an agreement. He wanted a hundred grand to get out of the property. And I obviously didn't have a spare hundred grand in my back pocket. So my dad gifted me 50 grand, which I know is total privilege. Yeah. But also like, I'm so glad you had access to that. Yeah. And the other 50 grand was made up of basically he never has to pay child support ever again. Like we looked at wages and I know like the assessments change constantly, but him owning his own small business, it was going to be hard to chase him up for payments regardless. I'm just being judgy. Cause I don't like what he's done to you. Like, sorry, you're

a money diarist. We're basically besties now. He did us dirty. I hate him. He's cut. He's done. no you don't deserve this yeah and basically I got the house put in my name a week before interest rates went up and it was just the timing was insane like I wouldn't have been able to get across the line no absolutely not like it got in but also it felt like a kick in the guts but you also wouldn't have got it put into your name if it hadn't happened at that point in time the world is a funny place to live yeah it was intense oh my gosh all right well let's go to a really quick break because on the flip side I actually want to ask you a few more questions about IBK and how you're investing and what the future of that looks like. Don't go anywhere, guys.

All right, Money Diarist, we are back and I want to talk more about investments, less about your dodgy ex. Although I feel like it's interesting when we have these conversations, especially because it's so fresh, like it's so part of your money conversation and your money story. And I really want to, you know, even ask more about this child support stuff you mentioned before, but let's go with investments first. You mentioned you're investing with IBKR. What amount did you invest? What's the plan there? You mentioned you don't have anything automated. Like at what point will you do that? Because it sounds like you're probably doing absolutely fine, but given the Airbnb tax and your taxes coming up soon and interest rates,

I'm assuming like money isn't the easiest thing in the entire world right now. And it's a bit of a juggling act. A hundred percent. Yeah. And I feel like I knew that I'd be paying tax, but at the same time, I don't think I put enough away. And so at the moment I'm actually using one of your money hacks, the 10K save up one. Oh, adore. To make sure I've got that sitting there for tax. I need to rebrand them so they're even fancier for your fridges. They're great. So the first thing I wanted to do was literally specifically buy Tesla shares. So I have four of those and I have four shares in AMD as well. So at the moment it's sitting at 2.5k in investments. I used to look at it every single day, but now I don't. Listening to the podcast,

I'm just like, no, let it sit there. It's fine. It's not a loss unless you've sold for a loss. Yeah. But I think I would like to automate it so that pretty much every pay cycle, some of it's going into that platform so that I can invest it straight away. And I want to diversify it more and look into ETFs. That would be a goal. Now, you mentioned you're invested in AMD. Is that on the Australian Stock Exchange or is that an American Stock Exchange? American Stock Exchange. Okay. So tell me what AMD is because here in Australia, AMD is Arrow Minerals. And I'm very confused as to why you would buy Arrow Minerals and Tesla. Like those ethics aren't ethic-ing for me right now. I was like, that doesn't make sense. Like

that story doesn't check out. I'm pretty sure AMD is something else. No, AMD is different. My brother got me into it. He'd already made like 20K in AMD shares and that helped him to put a deposit on his first property i don't actually know much about them it's like microchips like computer chips and things yeah yeah yeah i've looked it up it's advanced micro devices and they do a lot of quote cutting edge ai data centers business computing solutions and gaming with amd processors yes that's it that's the one i love that and i love that i guess you've got someone in on that that's probably done all of the research and development you're like you know what, I would just ride this wave with you. I trust you. This makes sense. Yeah. The amount

of spreadsheets my brother has is crazy. I'd probably get along with him. He sounds like a good boy if he likes spreadsheets. 10 out of 10. I want to talk about debt. You mentioned before that your mortgage starts with an eight right now. You dropped the number like 810. You want to get it down to 700. But can you give me a little bit more info? One, do you have any other debts? But two, what's your house worth? Like when did you purchase it? All of the nitty gritty so we can understand where it's standing yeah so at the moment it's valued at 1.2 oh nice for some yeah I think realistically it's more like 1 to 1.1 but it's nice because yeah then you've got the equity if you need it but yeah at the moment it's 806 owing on it so my mortgage is about

four and a half a month which is a lot yes that is a lot but I mean you're sitting on what nearly $400,000 worth of equity. So that is nice. Yeah, not too shabby. How does fitting that mortgage repayment into your salary go? Is it tight? Is it something that you're like, yep, that works? Like what's that looking like at the moment? Yeah, it's not tight, but it's not as good as it was last year based on all the rate increases. So I pay fortnightly. I get paid fortnightly as well. So it just comes out, then I don't see it and I'm left with about $900 the next day after my mortgage comes out. Yeah, and then obviously I'm also paying the bills for the house

and I contribute a third towards bills at my parents' house. So there's always bills coming in, yeah. Do you have any other personal debt? No, none. Before the break you said, hey, I let my ex-partner douche canoe boy have you know the 50 grand and now he doesn't have to pay child support how's that playing into effect like is that a good financial decision is it a bad financial decision like is it something that you're like I don't care I just want to get rid of him

but what does that look like basically while she's at kindy still he will contribute a third of her kindy costs so he contributes about two hundred dollars a month for those that's nice I didn't realize children were so cheap like I'm having one soon if it's only going to cost me what like six hundred dollars a month and money win like that's a good deal she goes like three days a week and we've got family that help on other days which is great and when you've got you know the government child care subsidy as well it cuts it down so but then once you start school next year that will stop and basically we just agreed that like if there's huge medical costs or anything like excursions or camps we will go 50 50 yeah but besides that yeah he doesn't

have to pay any child support and i got the house so at the end of the day i'm not you're like i am actually the winner here because there's a cheeky nearly 400 000 worth of equity in there and that cost you 100 grand so like that's a money win is that also because he earns a different amount like you said earlier in the episode you're on 114k including sopa is he earning a similar amount or less or what does that look like to make that make sense I don't know what his finances look like now like I do get the assessment that comes back but I don't know how accurate that assessment actually is because he's not one to do his taxes right on time or anything but yeah I don't know top bloke I love this yeah 10 out of 10 red flag red flag crimson flag there's multiple of them

I thought it meant that there was a party, so I was interested. So many flags, so much fun. Yeah, he was earning about 90K when we were together and then he gave his job in, wanted to work full-time, be his own boss. So that went right down to 40 grand straight away and it was going to be very tight. Like I think I heard from child support and it was going

to be basically $60 a week. Yeah, okay, not worth it. I'll take the house. Thank you. Yeah, exactly. I was like, you're kidding. And that ended up literally just being shy of 50 grand until she's 18. Yeah.

Okay. That's fair. And when it comes to, I guess, actual childcare, do you have her 50-50 or is that more your primary caregiver because of that? I am the primary caregiver. I'm not surprised. To his credit, I think he's actually been a better father since the separation. Yeah.

Cause there's like not that many lies that you're hiding now, sir. Yeah. That was like the hardest part when he said he wanted a divorce. I was like, I can't see my child 50-50. No, absolutely not. Especially when I know that I did like 95% of the work with her. Exactly. He was totally fine to sign off on 75% for me and 25% for him.

And that was when we were doing all the finances and the settlement. And then he's wanted more time with her. And I don't want to keep her from him. So we balance it pretty good. He has her three nights, one week, two nights the following week. Okay, that seems like a good balance. and to be honest as a single mum it might be nice as much as we love our kids and want them around all the time like just having a bit of breathing room might be a nice thing right

yeah it's true my partner and I like he's also got a child so we can match up the weekends tell me I want to be pervy you've got a new partner yeah it's still fairly new we're like five months in yeah but if you've got kids I feel like people with kids take things more seriously because they're like, I'm not going to get kids involved unless this woman's legit. So that's a good thing. Yeah. He's only just met her. Oh, I'm so excited for you. All right. I want to know, let's keep on with the episode. I keep getting railroaded. I want to know, what is your best money habit? Best money habit, I would say using Shopback has saved me about $450. $450 a month? like buying a mattress and like the extra would go from shop back and you're just like wow like

big purchases yeah money has really helped yeah but even like the small ones as well like if I'm shopping at the iconic the dress I'm wearing today I got so much cash back on money win it was basically free and you could you know buy the voucher and then also get shop back as well see you're a genius I only learned it from you that's why I'm calling you a genius I'm like who would come up with that idea wow crazy exactly I also use like the 7-eleven fuel app as well oh my gosh I'm obsessed with the 7-eleven fuel app do you like fuel lock or are you looking at like the sandwich prices because like the other day they sent me a notification they were like all our sandwiches are four dollars for the week and I was like excuse me that's such a good deal so I had

7-eleven sandwiches for an entire week for lunch I'm not mad mine's just for the fuel lock at the moment but that's a good saving there with sandwiches how often do you check your fuel lock? Are you like rechecking it and seeing if there's anywhere cheaper? Well, yeah, I have been, but I tend to lock it in like probably like a Tuesday or a Wednesday. That's when the fuel's the best price. Yes, exactly. And then some areas are just always cheaper than others. So I'll lock it in when I'm at home compared to at my partner's place because it's just cheaper out my way. Yeah. For those of you who don't know what we're talking about, like when you go on the app, it only shows you the five 7-Elevens closest to you. So like when my husband's driving and we're

driving through different locations I like check to see if it changes and I'm like oh got that one like it's like the adult version of you know remember the Pokemon game yeah it's like that but better because you save actual money and you look less crazy exactly like that show was like $2.30 last week and I got it for $1.89 and it's not even the money win it's like that sense of grandeur that you get you're like I am so good like I'm basically a genius it's great I adore it I do want to bring the mood down though what's your worst money habit worst money habit would be I think budgeting so even though my brother's great with spreadsheets I'm not so I think being consistent with a budget and it also makes it a bit tricky because like when you've got Airbnb

and booking.com it's like getting paid multiple times in a week or it's hard to track hey yeah well I've got like a separate bank account just for the Airbnb I was gonna say do you have separate banking please tell me you do to keep track of it good queen yep I'll end up not being consistent enough I use up bank and so I have different savers but I just feel like I need to set up more automatic payments but because it's so variable with how much money comes in each week with the Airbnb. Sometimes they can't be as consistent. Yeah. Yeah. No. And you said before that you get paid fortnightly. So you're dealing with that on a relatively short timeframe. So I'm assuming that like projecting is something that you don't do a lot of. Yeah, no. So like if Red

Joe comes up, do you find yourself in a bit of a mad scramble being like, oh my gosh, Red Joe's up. I feel like I paid this last week. I'm not so bad with that. Oh, that's me. Yeah. That's a thousand percent me. No, I do it like, you know, the four installments a year. Yeah, smart. For the Red Yeah. So it's not too much of a shock. I know it's going to be in October. So I know it's coming and I'm starting to get my emergency fund up. I need that to be better. That would be something to work on. See, I need to learn from you because I bought my car back in like 2010. It was November, just before Christmas. And I paid my rego at that point in time and my insurance. And now for the last 10 plus years, I have been screwed every single November with getting my

rego. I'm in full because I'm like, oh, I don't want to break it up. Like I may as well just pay it. And then straight after I've paid it, they're like, oh, by the way, your insurance has gone up because your car really sucks and you need a new one. But I haven't let go of it. So I get rego and insurance in the same month. And I mean, I do cash flow it. Don't worry, guys. Like I'm not that bad, but it still hurts. Like even if I've got the money, I don't want to give you the money, you know? Yeah, definitely. Like my car insurance is due at the same time as my house insurance yeah isn't it a joke it's almost like you set everything up and like did like this financial health check and like cleanse and then all of a sudden this one month just becomes

financial get screwed month yeah like that's what it feels like let's be honest yeah what do you think you could do to be better at budgeting like is it about forecasting is it planning or what would that look like yeah I think it is like I know that the big ones that are coming up like I know my rates are due in February and I pay them annually because I'd rather just do one big hit even though it hurts. No, I totally get it. Yeah. But also, yeah, like budgeting, I was doing the Glenn James spreadsheet, but I just feel like I haven't gone back to it and I need to do that. I love Glenn James. He's one of my best friends, let's be honest. I think if you're in the She's on the Money community, you know that Glenn James runs my millennial money, which should be my

biggest competitor, but he's basically one of my greatest friends. But I'm going to one-up him. I'm going to gift you my budgeting cashflow masterclass because it's more automated than Glenn's. I was secretly hoping you would. Oh really? I love this. Do you know what? It worked. You got me. I manifested it. So I love this. I'm going to gift you the money masterclass because I feel like it will take it to the next level and like help you project. But it also tells you where to put things in different accounts without you having to like redo it yourself. Like all you have to do is tell me what your expenses are and then it will spit out like a beautiful pie chart and be like well this is how you're spending this is what it looks like

also these are the accounts you need to put that money into and it's got like separate incomes so you could put your Airbnb income and like change that and see what each month looks like or each fortnight looks like because you can change it all but I think that that will change it I love that you manifested it and you're like I really want it I really want it no adore it let's also give the community a little bonus while I'm here I will set up a code it will be pod 50 and it will give you 50 bucks off the money masterclass so you can do it alongside our money diarist. I feel like that's a good one. I'm glad you manifested that, but I adore you, Glenn James, but I also spent nine months building a spreadsheet that would just do the work for my community

instead of them having to do it. And I think that's the hardest part, right? Like we can all sit down and write out our budgets and that's very sexy, but then we put it to the side and don't think about it. Like I need you to tell me how much do I need to transfer every single week or every single fortnight to that account or I automate that and then it'll work for you. And then all you have to do is maybe like check in once a month and go, oh, well actually Airbnb income looked different or it looked the same or it looked less. Like I feel like that will potentially work a bit better for you also because you're really busy. Yes, I am. That's for sure. I love this. I feel like I'm so inspired by your story. Like I'm so sorry that your ex

was a douche canoe but that's okay I feel like you've moved on and it sounds like you're really happy in this new relationship and that makes my whole heart so happy but it sounds like you've changed a lot and you're young and that is crazy to me so I want to know now that we've had a chat what grade would you give your money habits would it still be a b minus would you change it if not that's okay, but how would we get to an A plus? I think, yeah, B minus to a B, maybe a B. I think what I want to do going forward to get to that A would be definitely diversifying more and getting more into investing. And also I want to start contributing more to super. Like my super is pretty healthy at the moment. It's at 104K, which is pretty good for my age. Yeah. But I only had

six months off with my daughter. So yeah, actually contributing extra towards that would be great. Yeah, because I don't want to be teaching when I'm 60. I love that. I feel like that's a really good plan. But I also need to remind you, Marnie Dyrus, you are a single mum. You are killing it. But you're also a single mum. So take the pressure off.

We don't need to be doing everything at once. Like even the fact that you are a homeowner and you've got a really nice amount of equity. I'm just I'm so excited for your future because it's going to be good. And I promise the path that you're on, you're not going to be teaching at 60. So it'll be fine. You will live your dreams. but unfortunately money diarist this is all we have time for today it's all we could fit into our half an hour organized slot it has been a pleasure getting to know you and thank you

so much for being so generous with your story and sharing so much i know that our community loves learning and loves getting to know our diarist so i really appreciate it thanks so much for having me. 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 321 649 27708 AFSL 451 289.