She's On The Money - Mum Says I Should Add My Name To My Brother’s Mortgage.

Episode Date: September 10, 2026

What do you mean someone wants to jeopardise your First Home Buyers eligibility without some sort of equity in return?! This week’s Friday Drinks is filled with diabolical dilemmas and chats concerning guarantorships, LMCT petrol stations, and *checks notes* if kids should be Airtagged? Join Victoria, Bec and Jess for car-heavy Broke Tips, Money Wins and a bunch of solid podcast rec’s. True crime, anyone? ASK AN EXPERT: Chat to a professional mortgage broker about your eligibility for various grants, before signing anything. The Zella team is here and ready to help at https://www.zella.com.au/book-consultation/ PETROL SPY: Make like Bec and find the cheapest fuel in your area over here https://petrolspy.com.au/map  TRUE CRIME GIRLIES, RISE UP: Seeking another pod to binge? Here are some of the pods V mentioned in this episode Morbid, Two Girls One Ghost, Serialously  https://open.spotify.com/show/1cpyLfDHP1cNnyOb478qrt?si=f844f0f9712e4467  https://open.spotify.com/show/4aFNuODLKP1NvhQb7P3Kbn?si=718e11e8703a4b19 https://open.spotify.com/show/6HdheEH8WeMTHoe5da34qU?si=2aed06b37c754689  New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.  Acknowledgement of Country By Nartarsha Bamblett (nartarshabamblett.com.au) 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 - 4451289See omnystudio.com/listener for privacy information.

My name is Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country. T. Glyniananya. Neenakakakya. Neenakana, you know bina, yankaii, yankaiiakar, Nidawamandam and Amalan. Mimakana. 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, bringing you the tools, knowledge and resources for you to thrive. She's on the money. She's on the money. Hello and welcome, my friends, to She's on the Money, the podcast where we usually discuss all of the issues concerning your wealth goals so that you can feel more in control of your financial future. But on Friday drinks, we swap the serious money talk for some more casual yaps with our

nearest and dearest. And I am talking about our beautiful co-hosts. Miss Beck Syed, she's the bringer of the broke tips. Someone who genuinely always stops to appreciate the stuff that we take for granted and asks to what end precisely when we need to hear it. And of course, the mystery box obsessed, money wins curator and baker of quite possibly my favorite cookies in the entire world to date. Miss Jessica Ricci.

Yay. And I recently returned that tin to you because I kept it for way too long. And I'm just so sad that I didn't refill it with something because I didn't have time. But I just think if somebody lends you a container for a snack, you should put a snack in it to return it. That's really sweet. That is sweet. But then she's got washing to do. Well, that's on her.

But like, I think the price of a nice sweet tree is the washing. Also, like, the idea of getting Jessica Ricci a sweet treat, I just don't think we could ever meet her level. So I'd be kind of embarrassed. I'd be like, take my poverty cookies. Yeah, scary. And she'd be like, thanks, as though like a toddler's handling her like a Play-Doh cookie or something. That's how I think that would play out.

You can taste the love. You can, and it tastes a lot like Play-Doh. Anyway, welcome to today's episode where we're going to be discussing some good old money dilemmas played straight from the she's on the money answering machine. Personally, this week's message stresses me out. Like, what do you mean? Someone wants to jeopardise your first homebuyers eligibility without some sort of equity in return.

Absolutely disgraceful. That's where we're going. Things get a little bit dramatic. But we promise there's always something light in the mix to help you end your week on a high. When we return from the break, we're going to be sharing a five-star review from an OG. So, guys, don't go anywhere. Welcome back.

As promised, it is time. for a five-star review. If you've ever wondered, guys, where do your five-star reviews come from? Well, I am so glad you asked my friends. We get them from all sorts of lovely different places. We get them from Spotify. We get them from Apple Podcasts. We get them from your preferred app of choice. And sometimes you guys slide into our DMs just like this week Charlie did. And she delivered the news. Hi, girls. I just wanted to reach out and say thank you so much for changing my life, both personally and professionally. I've been listening since 2019.

And two weeks ago, I got my first job at a financial advice firm as an RM, which is a relationship manager. I'm about to start my degree to become a financial advisor myself all because of you. Oh my God, it's amazing. Isn't that the most wholesome thing ever? And 2019's an OG, OG, that's season one.

That's season one. I'm so sorry that you had to go through that, but thank you for staying and like believing that we could be better. Amazing. And we need more women in finance. So good on you. We do. We do.

Charlie, you're not only technically an OG, but you are a fully fledged advisor and I love that. Like sometimes I get called an influencer, which I hate. But if I'm influencing you to get into a career, I'll take it. I will take it. We are so happy that you are in our community. And I just am really grateful that you shared that review with us. Remember, it is never too late to share your book. praise for our pod in our DMs or literally anywhere. So if you've tuned in from the start,

we want to hear from you. Please reach out, leave a review. We would love it so much. But also, there's something extra special and like super, super sweet when people are like, I've been here the whole time. I know. Like, I love new friends, but you can't make old friends. And I think that that's really special. Yeah. Beautiful. All right. Now my friends, I know what you're thinking. What do you guys do when you're not talking about five-star reviews and you're not writing or thinking or yapping about money. Well, we are obviously trawling through our Facebook group for a decent question of the week. And this one comes from Kim, who asks, besides she's on the money, what are your top three podcasts that you regularly listen to? I think we need to whip out our phones for this one.

I know off the top of my head. Oh, okay. Well, you're first. You're first. So we've got Dean Detectives. We've got betrayal. Wait. Oh, you know off the top of your head. Surely, the science one that you always talk about. I do like science versus, but you've got to be in the mood for learning. Okay, she doesn't make the cut. But it is like an incredible one. So definitely, definitely, definitely.

Oh, everyone has an ex. That's right. Everyone has an ex. Betrayal, everyone has an ex and dating detectives. Okay, but sell us on them. Why those? Because that's quite eclectic, you could say. That's true.

Well, I have just like the one topic that I am just like obsessed with and that is hearing about people's stories romantic or otherwise where like someone has pretended to be something that they're not. So maybe like catfishing, yeah, like catfishing but dog fishing where it's like you're physically who you say you are but you and this is what, and this is what it's. Oh, it's giving Hamish. Like the who's the hell is Hamish series. Yeah. And like maybe they're like secretly, you know, psycho or abusive and you know that that's great to be, you know what I mean. Yeah. All three of them kind of have this. Yeah. I feel like I need to get on that because I would be totally about that. Oh, it's really, really, really interesting.

I feel like we're going to end up with a completely different answer from Ms. Jessica Ricci because she's not into what we're into, Beck. True. No. And in a deeply ironic twist of fate, I'm not a huge podcast listener. Which I find so funny. Yeah, my top podcast is our podcast. That's so cute.

Yeah, it's just not my preferred way to consume media. So if I am listening to a podcast, it's normally, we have so many friends that have cool podcasts. Like, obviously you and indie do cheap skates. Brooke and George do what would we know. we have like Glenn James and Emma Edwards and friends of the show. And so if I'm going to listen to something, I'll normally try to listen to one of our friends. Yeah, because it's cool to support your friends doing cool things.

That's really cute. I'm the same with audiobooks. Like my boyfriend loves an audiobook. And I just, I don't know what's wrong with my brain, but I can't. There's nothing wrong with your brain. I would rather read something. Like if maybe I should try reading a podcast transcript and see how that goes from me. Well, they're free.

They're like Apple and Spotify. Like if you want the transcript of it. of any of our podcasts. She's right there built in now. I can't think of anything worse, to be honest, Jess. If I'm going to listen to a podcast, I'm going to be popping it in my ears and closing my eyes. I know that's wild. Yeah, sorry.

I feel like that's a disappointing answer, but... No. I know Jess knows what I'm going to say. And I don't know if this makes me really unhinged, but I only listen to true crime. Like, I don't listen to pop culture. I don't listen to, like, sorry, Alfred. podcasts. I most definitely do not listen to our podcast in, again, a cruel twist of fate. No one's voice is more annoying than my own. Yeah. It's hard to listen to yourself for sure. It's like the ultimate

cringe and I just, I am so grateful that this podcast took off and we could hire an editor because I no longer have to listen to my own voice over and over while editing content, which is to me, I know. Right. So anyway, we're true crime. Girlie is in there. this house. My top podcast would be morbid and I'm obsessed with morbid. Two girls from the US run that and they're built an entire empire around them. Obsessed. The next podcast I really like is called and like, I don't know if it's my, you know, millennial brain, but I'm like, I don't know why you would have picked this for a podcast name, but you did. Two girls, one ghost. Cool. Okay. What about? Get this paranormal activity. Oh, my.

That's quite fun. And like true crime. So it's kind of like they're quite funny and well nuanced. One thing I really think is important when discussing true crime. And maybe, I don't know, for those of you playing along at home who maybe don't know a lot about my history, I grew up with a mother who was a coroner. And so in grade three, I got in trouble because I went to school and I told people that my mom cuts up dead people. And it turns out you shouldn't say that because the teacher didn't believe me.

had to ask my mom and my mom's like, look, she's not wrong. But you're right. She probably shouldn't be sharing this information with a whole bunch of grade 3s. It's probably not appropriate. I will talk to her. Some kids went home with nightmares. But I think it's so important, I think, because of that background, but also just like, these true crime stories are about genuine people.

But, like, I only like true crime content that's not, like, super sensationalized. I want those people to be really human to me. And I love how both of those podcasts really, like, humanized the victim and talk about, them and like, you know, they're really respectful and I like that that's important. And then the next podcast, which is in the same vein, is a podcast called Seriously. And that is again, a true crime podcast with a person called Annie Elise. And she was recommended to me by Jacqueline in our team. And Jacqueline is one of our brilliant mortgage broker's been on the show. But she and I both binge listen to true crime. Like you could quiz either of us about any kind of terrible

thing that went on in the world and we would probably know. See, I would just be able to sleep at night. I know. Like, which is where I will listen to it to go to sleep. Whereas I'm like, I'm not going to sleep for three days if I have to hear all these scary details. See, I can't fall asleep without some true crime in my ears. Horrified.

Like every single night, I crawl into bed and my husband's like, are you going to put a podcast on? And I go, yes, King. And I turn on a murder podcast, 30 minute timer, it will turn off. And both of us fall asleep to the dulcet tones of, I don't know. Hearing about how someone used a hacksaw. E. Well, that sounds very tranquil.

Thank you. It's a little bit like, oh, what's your sleep hygiene routine? I'm like, I don't know if I want to tell you, but I'll tell this podcast that gets millions of listens. Hell yeah. I guess say what you want, but I reckon more podcasts the better. And I'm just grateful that our community are obsessed with money podcasts. But yeah, I do refuse to go to sleep without some true crime in my ear.

Fair. way, Ms. Jessica Ricci. Yes. Money wins. I've seen some good ones pop up on my feed, but I want to know which community money wins have you seen that have taken the cake enough to bring to the show. All right. Well, firstly, I'm starting off with one from a Jessica, excellent name, who said...

Oh, I see why we pick. Yeah. No plenty favourites here. I've been very slowly building our emergency fund. I finally hit $1,000 a few days ago. And top off the wins, I paid off a credit card this week as well. Amazing. Oh, iconic.

And that feels so good. Yeah. But at the same time, Jess, you've been in debt, Beck, you've been in debt. Why does it feel so disappointing when you like pay it off? There's no like streamers or popping of champagne or like something you pay it off and they're like, thanks. And you're like, and you're like, and a stamp, a sticker or something. Absolutely. That's true.

Surely I put out the back of my hand and you give me a smiley face stamp. Surely. Well, petition to implement that at the big four. But we will celebrate you. You don't need the stamp. You got us. 100%. Next, I've got a money win from Anthea who said she sold the tablecloths and chair covers from her wedding on marketplace, which is already a win. Then when the lady came to collect them, she saw that she had chickens and asked if she had eggs to sell.

Anthea offered her a dozen for free, but the lady refused to take them. So she gave her 10 bucks and asked to become a regular customer. Stop it. That's so gorgeous. That's so wholesome. I know, isn't it? Also, 10 bucks for some eggs. Girl, that's a good deal.

That's a good, like, little business you're hustling. Yeah, 100%. And they're put in a photo of her eggs and they're very aesthetically pleasing. Oh, my God. And it seems like each chicken is laying a uniquely, like, colored egg. Like there's three distinct color. Like there's a bluey one, a cream one. And I just think that's interesting.

It's beautiful. Jess, you know, my friend Angela, she has a collection of different chickens and they all lay different color eggs and I am quite envious. Yeah. How do they do that? I think it's just the breed. So like the outside of the egg just has a different, I'd probably got something to do with the mineral makeup and what they eat.

whatever. Yes, true. But like the different breeds have different like types of eggs. Wow. The more you know. It's kind of cool, huh? Very cool. Next, I've got a money win from Olivia who said I got paid my first dividends today from investing in ETFs. It was only a couple of dollars, but it's still very exciting. I love that. Overall, since April, they've increased in value by $65. Stop here. Well done. Olivia. Zana said she went to the salvos this morning and they had a rack that said red tags were now $2.00. Had a little dig through.

found three dresses and two tops at the checkout. The total would have been $62, but it came down to a cool $10. Wow. Money win. We love a special rack at the op shop. Shafel said Money Win. I wanted to upskill and I enrolled myself into a cert for in marketing communications through open colleges because they were running a 50% discount on courses.

Okay, I icon. How good. And then she said the lady she spoke with, I'm assuming to enroll her, took an extra 500 bucks off. So instead of paying $6,150, she paid $2,575. Stop it. And she probably sweet talk to the lady. And the lady was like, I'm going to give you a further discount.

And that's what you get for being nice. Literally. Always, always, always be nice to the service people. And then lastly this week, I've got a money win from Stephanie who said it was scary porting my number over after being with the same phone company for 25 years. Wow. But I finally did it for a better deal. process was very smooth and so this pushed me to make the switch for more things now.

I love that and I also think it's important to remind people that if you change phone companies, you can keep your number. Yes. I'm not learning a new phone number. No, no, neither. I have had that phone number since like teenagehood. It's just not happening. You can't pry it from me.

Like learning new strings of numbers for me, it's just not happening. No. Also, same reason I can't divorce my husband because I know his mobile number off the top of my head. And like, in this economy, who knows mobile numbers off the top of their head? James has had this argument this week. He said he knows my phone number off by heart. I don't know. He's like, what if you get lost in the street?

I say, well, God forbid. I'm lost. I am proper lost. I'm sure there's like other ways. Unless maybe, oh. I'm calling my parents home phone that I remember from 20 years ago. Like, that's not only phone number I know. I think about that.

I'm like, if you do have access to someone's phone, some sort of civilization, but I just feel like you won't need to know that number off by heart. Yeah. You know? We're going to start putting his number in the back of my clothes. Yeah. This is something that I've been thinking of recently because, I mean, I only have a two-year-old. But like, he started going and staying at his grandma's house for the day on Fridays and stuff like that.

And, like, I obviously call her. But at what point does he need to call me? Does he have to ask someone for a phone that has my number? Will he ever know my phone number? Like, I know my parents' mobile numbers. I know my parents, like, like, landline number off by heart, but at what point do you learn your parents' mobile numbers? And what are people doing about this? And also, there's just a lot of layers there.

I don't think I'm comfortable with my kid having an iPhone. What are we doing? Like, he's only two, but he handed me my phone literally yesterday and goes, call Harriet. And I was like, sure. But like, he's already asking to call his mates. Yeah. So, yeah, true. Hard to navigate in this day and age. Well, exactly right. I'm just going to lead him to believe that the internet doesn't exist. Kids need... Do you know people put that on their kids?

There had to be like a thing go out at daycare a little while ago. Side note because people were putting like air tags in their kids stuff, but then they made all of the daycare workers' phones beep all day because an air tag was following them. So they were like, hey, like, what can we do about this situation? Right. You have seen like shoes. They're like, we don't care that you've got it.

for the air tag. What's going on? I would like to freely follow my child's location without everyone's phone going on. 100%. But what are we doing in that situation? Because it's actually unethical to like be able to slip an air tag in your back pocket and you don't know. And then the air tag follows you.

Like there's just so many complications there. Oh, yeah. I see. Like because you and I are quite wholesome. We immediately go, well, that's a good idea. Yeah. Yeah. How do you.

But there are people who are not very kind. Like, what if you put it in your ex's car, you know? Yeah, okay. And obviously that would get used in not so good situations. Totally. So it's good that it notifies you. But like you can't send your kid to daycare with one. Yes.

Okay. No, that's true actually. Yeah, I guess we didn't think about it because we have pure intentions. That's because you wouldn't do it. But no, sorry, collar with the little, what's this thing called? A name tag. With your mum or your dad's number on it. That's so funny.

Isn't that so cute? I think that's cute, but I'm not going to put it. put a collar on my trial. So maybe if we go somewhere, I might put like a wristband or something. A wristband, there you go. Look, I haven't thought about this enough. And to be honest, when I do start thinking about it, I get scared. So break tips.

What have you got? Oh, yes, of course. I have, as always, two from the community, one from myself. This first one comes from Radi, who says, welcome app offers. Some petrol stations offer welcome offers when you download the app. Five cents off per leader, for example. other benefits as well, but the sends off pearly don't make it so worth it, which I think is a great idea.

Ampole, I think, and, yeah, some others. And it's like, if you don't... BP do it. Yeah, BP. Yeah, B. Jess and I got free coffee the other day because of BP. There you go. I'm like, I need to get on these special stations, yeah?

Just and I are on this. This next one comes from Jean, who says, if you're a chat GPT user, you can tell it where you're going and ask for it to find the cheapest or free parking close by, and it generally is quite helpful. Isn't that a great idea? That's actually quite smart. Maybe you can use that instead of parking in 15 minute. It's not getting fines me, specs I had. Hopefully attacked. Did you see that coming?

I actually did it and I shouldn't. I shouldn't say it's coming. It is a very car heavy brog tip theme this week. My one is LMCT plus petrol stations. Have you guys seen these? Yes. I can't get in. It's so annoying because you need to be a member. No, you give me the ick. This is giving multi-level. I thought it too. This can't be your broke tip back. I just thought it was because I like drove past you let it because I like, you know you

on petrol spy you can so I like drove like 10 minutes to go find the cheapest petrol which which happened to be this. Become a member. Get good at gambling. Well I was going to say. Oh, is that right? I read an article recently that said it looks there's discussions that it might be outlawed because they're basically dressing up gambling as a subscription model.

Yeah, it's a gambling subscription model. Like at the end of the day, don't get me wrong. Like me as a business person, right? Like I've got two minds. I've got what's good for our community. And then I go, oh, I love looking at an interesting business model and generating revenue. So if I put that hat on, I'm like, far out. Subscription models are so smart because you're kind of locking people in to an ongoing fee per month.

People are inherently lazy. Very unlikely for them to unsubscribe. You're probably going to get more money out of them. Great. Fine. you're also like giving them a price point at which they're usually pretty comfortable to miss out on, but you're saying you could win X amount of dollars each and every single month. And if you remember you go into the like raffle or, you know, the lottery or whatever it is,

and they will justify it and compare this lottery to other lotteries and your ability to, you know, win in other lotteries. They're like, this one's way better. Like the chances are so high. And they really showcase the people that do win because it's a legitimate lottery, right? So like, you know, if Jess won, they would make sure that in the terms and conditions of signing up, Jess has signed away her life, basically, so that she can be paraded around social media to be like, look, just this real person won, all this money and all this petrol.

And oh my God, and Jess is going to be excited because like if Jess wins stuff, you're like, Jess looks like me. This becomes really like approachable. Maybe I do want to be in this community. And like it's led by someone that people want to be like. So it's quite aspirational in nature. So you see this whole thing. And then he's like, I'm going to do a petrol station.

Because you know what? I'm a really good guy. And I think petrol is so expensive. And I want it to be better for you. And you go, yeah, I'm the common person. I love this. And the reality is he's waking way more than any other petrol station would be because you have to be a member.

You have to subscribe. He's giving you, quote, cheap petrol at what cost. There's so much hidden stuff. Like, he's making more money per leader on that petrol, I promise you, than any other petrol station in the country. Or even if it's lost leading, it would be leading people into, I guess, that gambling, because that's the space that he primarily plays in.

So, like, I'm not super familiar with the model of the fuel and how it works. I've skipped the hell out of it. I've also been watching the TikTok drama because there's another business that has replicated this business completely. It's stupid. So like me talking completely different, but I think people will find this interesting. They didn't even try. Like, they're marketing, their branding.

It's like they put this brand into AI and said, dupe it, but like 5% different. Yeah. Because there's nothing that the colors are the same. The business model isn't protected legally. Like anyone could run the same business model. 100%. But that's not what they're copying. They're copying.

They're marketing. Their name is semi-similar to the point where their consumers are getting confused between the two brand. Like it's actually psychotic. But I'm not letting you be that. I'm not letting you have that as a broke tip because yes, cheap petrol is really good. But from my perspective,

when I then put my community hat on, that is so predatory. It is not good for our community. And I'm so happy for all of this conversation that I'm having to be on the podcast. Yes, please. Because it is what it is. It's my opinion.

It's, you know, other people might say, oh, like, but I really like it. Pop off queen. But at the end of the day, it is gambling. Gambling is addictive. Gambling is negative for your financial future. It doesn't put you in a better situation. And yes, your, quote, odds might be better.

But, like, we're appealing to an audience who also don't understand investing and also don't probably have emergency funds or have $500 to pull on in an emergency. And they're lulled into this false sense of security because petrol will be cheaper and we're in the middle of a cost of living crisis. And that's good, right? This is actually very good and still like a broke tip in a way because if you're anything like me and like because you know LMCT or maybe you do, maybe you don't. You've seen it all over socials. It's everywhere.

And then if you see the petrol station, you might be like, oh my God, it's actually a pretty good deal. But then so I guess the takeaway from this is if you are anything like me and see an LMCT plus petrol station think twice and don't just like fall for it. Like I have and would have. So that's really good. A membership? No, but I thought it was a really good deal. Okay. And so I'm like, I totally get that and that's what their plan is.

Yes. And you know what? For some people and like these people will exist, someone listening to my show, I hope not, to be honest. Someone listening to my show might be sitting in their car right now going, V, I do this. I really like the subscription. I get the cheap petrol financially for me.

This is actually a good idea. And I'm not denying that those people might exist. but inherently this is a terrible financial decision because it's lulling you into a false sense of financial security when you probably don't have the rest of your financial house sorted. Like you're being lulled into this false sense of security that you might win a heap of money as well Beck. And then you're five months into this subscription and you're like, I've not won anything and it's not benefiting me and I really need to do my budget.

But it's kind of like a lost leader. you're like, but what if next month is the month I win? So you don't cancel your subscription. This man from a business perspective is a genius. He's making so much money. Even the house lottery, like anecdotally, sorry, we're fully derailing this conversation. No, no, no, but I think it's an important conversation to have Jess. But, you know, they do the house lottery every year.

It's like you can win a, whatever, the block houses or whatever he's got going at the time. And like our group of friends, someone was like, oh, do we all want to pull in? And I was like, whatever, if everyone puts in, sure, I'll kick whatever in. And so I was like, do we go for the like the $600 one where it's like, and I was like, on what planet is? I was like, I'll kick 20 bucks in like with the full knowledge that I'm not getting that 20 bucks back. But like, fine, it's a little bit of fun.

We all can dream and go, well, you know, if we win the holiday house, we get all going, whatever. And that's what it is, right? Because it's like the more expensive version you get lots more entries or however it works. And that's how they get you. And it's like I've seen that anecdotally just in my own life. Yeah. And so I can only imagine how, you know, and I was the one who was like, guys, like,

are we will not be participating and I think everybody else should think about whether or not that's worth participating in do what you want with your own money. But just like, have a little thing. Yeah. If it happens to me, I'm sure it would happen. Like it would happen to anybody. Exactly. It lets you sell critical thinking hats.

Like I think a lot of people just see it and go, that is so generous. That is so nice. When in reality, like, it's just a very good money. scheme. It's like if you had a house, and I'm not saying that this is the situation, if you had a house, Beck, and you were like, I cannot for the life of me sell it. Like, it's been on the market for years. It's worth a million dollars. I want to get my million dollars for it. It's not selling. The buyer hasn't turned up. You go, okay, all right, what am I going to do? Maybe I'll run a lottery on this house and I'm going to sell tickets.

Beck, you could buy your first home for five bucks. That's a good deal. You might chuck five bucks in and all of a sudden a couple of thousand people do that, you've got your million dollars for your house, you just give it to one of the people that spent $5 on a ticket. You've actually made more. This is the exact model that they're using. So, like, yes, they might be giving away a million dollar houses, but I promise the ticket sales far outweigh what they could have sold the property for

because otherwise they would be selling the property, right? Yeah, totally. It's a business model. And that is okay. And it is so fine for people to make money. I don't mind. I'm not like, you know, I don't like gambling. I don't think it should exist.

But right now, in the economy, that is a completely legal way for someone to make money. And until, you know, other people make decisions that it's not okay, that's not my business. But it's my business when it impacts how she's on the money community members financial situations and jeopardises their future selves. Because I just go, absolutely. And you've met me on and off camera, like exactly the same person. I'll be like, what are you doing? Why are we doing this? I want you to be in a good position. Like, please don't compromise your financial security for this or that or the other. Like, oh, it makes me grumpy. Let's take a little breather. Let's take a breather. Let's go to a break.

On the flip side, I'm probably going to get more heated because the dilemma's a little bit juicy. So guys, don't go anywhere. Welcome back, everybody. Let's take a listen to this week's Money Dilemma. Have you got a money dilemma you just can't solve? The She's on the Money team is here to help. Every week, we tackle your dilemmas, both big and small, to answer your most burning money, career and life questions. To get involved, simply head to our website and leave us a short voice recording and you might just find yourself on the show.

Now let's take a listen to this week's money dilemma. Hi ladies. First of all, love the pod. Keep up the great work. Second of all, I have a dilemma. My brother really wants me to put my name on his mortgage. And I don't know how I feel about it. First of all, it's going to be using my first home buyers grant.

And that means I'll never get to use it again, which is really scary. Second of all, I'm not really getting anything out of it, apart from helping my brother. My mom tells me to do it. I'm just not really sure. I'd love everyone in the community's thoughts because at the end of the day, I'm not getting anything out of this. He's said that in the future he'll be able to guarantor his home

to my home, but that might take years for him to pay off the mortgage, and I'm really not sure about it. I love the community's thoughts. Keep up the great work, girls. Be so for real. That seems crazy. It is hard, though, when you are like, something feels unfair, but no one is, like, your mom is saying, do it, your brother is saying do it, and you're like, but this is not

fair to me. So it's like your two options are go to war with everyone and feel really anxious and shit for who knows how long. or just do it and know that it is deeply unfair and potentially changing the trajectory of your life. Like that is so unfair too because you're just probably minding your own business. And all of a sudden, now you're given these two options and there's nothing in between. It's just like you have to do it to keep the peace or not do it and just be anxious and fight with people. I don't know.

It's just like, but don't do it. It's crazy. I don't understand why your mum is encouraging you to do it. Are they wanting you to go on the mortgage? Because obviously when you apply for a mortgage with two people and two incomes, it increases your borrowing power. is what I'm guessing. But what I'm not comprehending is, like, is your mum recommending that you do that so you guys are co-owners of the property so you have a shared asset?

Because the way that it's just been explained to us, like you're being asked to put your name down, you're saying you're not getting anything out of it. So to me, that almost feels like a guarantor. Like, it's not quite a guarantor situation. Yeah, but it just feels like your name's just being used. Correct. But your name's on the mortgage. So you're still live.

Like, I just don't, I'm not understanding. I understand the benefit for your brother, but I'm not understanding why you're being encouraged to do this because you're right back. Like it just doesn't make any sense. But also I want to know the benefit to your brother. Like obviously beyond the like first home owners, grants and things. Like why did your brother require this to buy property? And now is there going to be like some kind of rift in your family?

Because if you say no, your brother can't get the property. Yeah. Maybe he has one already. That's what I'm thinking. Overwhelmingly. Do your own financials. Yeah. Yeah, I'm just feeling like it sucks exactly as you were saying.

You don't want to be the one on the outs. But if there truly is no benefit to you and if you're not co-owning this property and that doesn't work for you in your financial plan, don't let anybody bully you into making a choice that doesn't feel right for you. Come to Zella and I'll just write a letter to your mum and be like, she can't do this. Sorry. Yeah. I write your sick note. Yeah.

No worries. Literally. I'll be like, that is diabolical. Sorry, no. I won you on my team. Well, I am on your team. I don't know how much more on your team I could be than literally be on your team. You live with me, maybe?

I'm not gay. I'm not gay. I'm not on the team enough. It's not enough for me. I'm so sorry. I just have to be only an ally. That's fair. That's fair.

I'll take it. I don't like it, but I'll take it. All right, all right. I'm sorry. I will work on myself for you. Thank you. And back to this. To me, that's diabolical.

like what do you mean? There's an expectation that your name goes on the mortgage. I just have so many, like, deeper questions. But the way that you framed it was your brother said, oh, later I could guarantee your property. So at no point is he acknowledging that the property you're putting your name down for you might co-own or part-own. Like this wasn't a partnership situation.

This was you being told, I need to use your name so that I can have this thing that only benefits me. But then you're legally tied to it. Like, it just doesn't make it. And in this economy, to pass up your own first homeowner's grants and stuff like that, that makes no sense. It just doesn't, it genuinely doesn't seem fair. One thing I would do is literally go and talk to a mortgage broker about this.

Don't take your family to go see the mortgage broker. You go see a mortgage broker. Have an initial meeting and say, hey, this is what they want to do. And a broker can kind of run through your financials and your ability to purchase a home and what it would look like if you didn't have those first homeowner grants, but then also they might be able to ask the right questions to get the financial information that they need to be able to properly explain this to you. That's a third party and not involved with your situation.

Because like it sounds like your brother and your mama are on the same page and they're saying, this is a great idea. And like to me, red flag city. Like, babe, that's a carnival. Like I just, I'm a little bit uncomfortable. it sounds like you're just being used so that they get the financial benefit. I have seen other situations. I don't know why they did this. It wasn't in my business just to be very clear, but someone's sibling wanted them to go on their property so that they got the first homeowners concessions and then they

were given some cash to weigh it up. Okay. Interesting. But at the same time, just use the cash towards your mortgage. I don't really comprehend it properly. I don't really comprehend it properly. I feel like we need more information, but what I'm hearing sounds bad. Yeah. And just the fact that you're uncomfortable is a red flag enough in itself. Like any decision you're making regarding your financial future, like you should have full confidence in your knowledge. And that alone, I think, is enough to say, speak to somebody who can help you with that.

Yeah, exactly. And I mean, family is important. So you don't want to like just burn that bridge. But at the same time, they need to respect you. And I think you need to really weigh up your long term consequences and what that will look like if you make that financial decision because the thing that you're doing to help someone out today might actually put you so far back in the future that they're well off and you're struggling for the rest of ever. That doesn't feel right. No, not at all. All right. Should we get into this week's

juicy DM? Absolutely. Hello ladies. I know this is a total first world problem. I'm so ready for this. And I feel a little bit silly even writing in because I just know how lucky I am. But I'd love to know if anyone else has experience this. Over the last few years, I've worked really hard to get my finances into a really good place. On paper, I am doing everything I set out to do, and I'm really proud of how far I've come. The problem is, I still can't seem to enjoy spending my money and even question if I deserve a coffee if I forgot to make one at home. I've been wanting to book a holiday for ages, but every single time I go to press book, I close the tab because I can't stop thinking about how much more that money could grow if I invested it instead. What are my next steps here? What should I be doing?

It would be really tricky one if you're like saving for like, you just know that, yeah, like a hundred bucks will grow to whatever amount if you were to like not touch it. And so it's like really, I'm trying to think of an analogy or something that that is similar in like regular life. We're like, oh, I could either not touch this thing and see where it goes or like be using it to make beautiful memories, whatever. It's probably really, really tricky thing. It sounds like when you say whether or not you deserve a coffee if you forget to make one at home,

it feels like it's probably maybe a little bit even deeper than feeling like, oh, I don't want this thing that I work so hard for to go to waste. And this is why I say like, to what end when people are like, you know, save, save, which I do appreciate. And I really think, you know, it's so impressive that people can save and some people save for like a house or a car or whatever. And so I'm like, to what end?

Because it's like, well, that's ideally to spend, right? Whether it's on an emergency, whether it's on a holiday, whether it's to spend. And so I guess like probably would get to a point where like it doesn't feel like it's to spend anymore. It feels like it's like a portfolio. What I'm trying to say is if you have paints in a canvas and you're like, well, I don't want to use these beautiful paints like this. It's a sticker analogy. like you never want to use your nice stickers. Yes, exactly.

And it's like, do you want something that's beautiful to look at that makes you feel like really satisfied and happy and proud of? Or it shouldn't be one or the other. Or do you want to like use it for what its intended purpose is, which is to make memories. But yeah, the coffee thing, I'm like, maybe there's also a little bit of internal monologue that we should be working on, which is you deserve everything you've worked hard for, but also things that you didn't work hard for. You deserve to live a beautiful, happy life full of little joys and big joys. And so like, start there. Start inside that head of yours. And you deserve a coffee.

Absolutely, you deserve a coffee. Get that out of your head. That's so beautiful. I love that. And so beautiful. I love. But I also like how I feel like I just watched you do a heap of mental gymnastics. Yeah, sorry.

To come up with an analogy. And you're like, it's like paints on a canvas. And I was like, she's got it. That's where I came from. I got there, really beautiful. But there was a sticker thing that really helped me. Thank you. You're so welcome. I agree. I think we hear this from people a lot.

You kind of go from the pendulum swings one end to the other. You're really bad with money. You're spending money like crazy. You tidy yourself up. And then all of a sudden it's really hard to spend money because you've worked so hard on getting out of one mindset, you found yourself in another. In an ideal world, we exist somewhere in the middle space.

You know, the bottom of the pendulum is a nice, easy spot to swing. I think that it's hard because on one level, who is anyone to tell you what level of frugality is appropriate? Like I know that I look at some people on TikTok, for example, who live the extreme level of frugality. Bradley on a budget. That's exactly what I was thinking about. You know, we're using toilet paper and you go ready towels.

That's like, I just can't. I can't. Not the life for me, but who am I to tell somebody else live their life? But I agree completely. I think we're all trying to build our dream life, right? I know I'm certainly wanting to be better with money so I can live. What about money do you want to be better at? You were like a little weapon.

You just bought your first home. You've got it together. You have six million savings accounts. There's always more to learn. But I think we're all doing this so that we can live that life because I do. I want to buy the coffee. I want to go on the holiday. I want to be able to do the things.

I want to have it all. And I think that we are exactly all deserving of that. And so to me it's a means to an end. If you're saying you're feeling guilt around spending on something small, I would say I've said this before. Are you budgeting correctly? Are you allocating money to things that are of value to you? Because if you have a fund labelled coffee, mentally that might help you go, oh, well,

I'm spending this money based on what it's intended for. Like that's how I manage my savers. You know, I've got things for clothes, for books, for whatever, so that it's really clear what I've allocated my money to and I don't feel bad spending that. if it is a matter of you going, well, would I rather invest the money? And is that of more benefit to me long term? Like, we can't really tell you that. But I think if you're experiencing severe guilt, to me, that's when it's crossing

into a territory of, well, maybe it's time to talk to somebody about that because it can be tied up in lots of other things and there's no shame in that. But the purpose to me of this show and of becoming good with your money is to put you in a place of positivity. And it sounds like maybe you're not quite there at the moment and that can be hard. Yeah. I think the thing that stands out to me is that an only show I've said it a million times. It's not just about the destination.

It is about the journey and you need to be enjoying the journey. And what you told me is that you're not enjoying the journey? Like, what's the destination? Like, because if you're saying, oh, well, V, the reason I'm worried about it not compounding and it being a better decision to put it in an investment is because down the line, I want to retire five years earlier, at which point I go, okay, fantastic, we've got a really clean goal of when we're going to be spending that money. But if you've got no goal like that, and the goal was to also enjoy the journey and go on a holiday and have your emergency fund

and have everything, like you're not enjoying the journey. What you're telling me is your scarcity mindset is now inhibiting that and you need to kind of work on that. And as just said, I'd be trying to spend some of my funds talking to somebody about that because that can feel really restricting and it can mean that once you do book the holiday, maybe you don't enjoy the holiday because all you're doing is thinking about how much the holiday cost and then you come home and you're like, well, that was a waste of money because I didn't even enjoy it that much because I was stressed about money the whole time. Yeah.

I think that's something we need to work on and it sounds like scarcity mindset is really holding you back, which I think is really negative. Again, as we said, Jess, there are lots of. people in this world. Bradley on a budget is a great example and I would love to have him on the show. So if anyone knows him, you let me know because that man is the most frugal man in the entire universe. For those of you following along at home, he's like this budgeting king who is in heaps of debt and I can see he has a lot like from a psychological perspective. I think that that traumatized him so much that now he's still so frugal but he's very, very popular on TikTok, meaning I

know he has hundreds of thousands of dollars saved, but I can never see him spending it. But he lives in New York and, you know, I feel like there's a lot of money trauma in his story. But I'd love to have him on the show because I just think there's so much we could learn. But that's not for me. And I've said it before about the people who follow the fire system and their financial independence retire early. We've got someone on our team, Brooke, who's doing that. And she's doing an incredible job of it. But I look at her situation and I go, I love that. you and I love that she's enjoying her journey, but if I did that, I wouldn't enjoy my journey because we're all different. And I think that's also one of the reasons why my mortgage

broken businesses tagline is it's your journey because everybody is different and on a different pathway. So like, we can't tell you what to do, but I think reflection and understanding what scarcity mindset is and what about your money story is making that really hard because, as Beck said, you do deserve to enjoy your life. And I think that's a lot. the most important part here. Absolutely. What did everybody else say? So first cab off the rank, I asked the community,

have you ever felt guilty spending money you can comfortably afford? 56% of you said yes all the time. I'm sorry you guys feel that way. Then the next question we asked was, when you receive a pay rise, what do you usually do with it? 46% of you said split it between my savings and my lifestyle. 27% said save or invest almost all of it. 23% said gets absorbed into my everyday spending.

You're real for admitting that. And 4% of you said lifestyle upgrade all the way. We then said, what is your biggest money mindset challenge at the moment? 42% of you said feeling financially behind. I feel like we need a whole episode on that. 22% said overthinking every single money decision. And then 18% said feeling guilty when I spend and the other 18% said over spending.

We then went to the community and said, what is your two cents? And honestly, very similar to what we're saying. A lot of people said, I feel really guilty when I spend so much money. Some people said, I suffer from scarcity mindset. This really resonates with me. Another person said, step back, figure out your values. So when you spend, you're not spending in line with somebody else's values. I think that's good advice.

Another person said, money shouldn't delay your total happiness right now. Another person said, choose how often you want to go on holiday and with what budget and then stick to it. Perhaps it's your budget that needs stricter guidelines. I agree with that. Another person said this is all too relatable. I can gaslight myself out of spending any amount of money, but also maybe I should be trying to gaslight myself into it. It's all in moderation. Like nothing's inherently bad. Yes. Another person said, be really clear on your values. I feel the theme here. It's almost like you guys are actually our community members. You've been listening. And someone said, don't forget to have a good day while trying to

create a good life. And I thought that was a really good way to explain it. I love that. I'd never heard that before. And I just thought, I'm going to leave it on that. Don't forget to have a good day while you are trying to create a good life. Oh, gorgeous. Isn't that so sweet? Anyway, my friends, I wish we had more time, but that is unfortunately all we have time for for this arguably very long edition of Friday drinks. We hope that this episode has maybe inspired you to look closely at your purchases, at fuel prices, at not engaging in gambling behaviour, and maybe even talking about your podcast preferences with your partner and whether they align.

Maybe you're adding a new one from our list of podcasts we listen to to your roster. But if you have loved this podcast and this episode, my friends, please. Please rate, review, subscribe to it wherever you get your podcasts. Otherwise, we'll catch you bright and early next week for a Monday Money Diary. Take care of yourselves and of each other. And we will see you then. Bye guys. The advice shared on She's on the Money is generally 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 Sherper PtyY LTD, ABN, 321-649-27708, AFSL 451-289.