She's On The Money - She's On The Money Radio Recap - 11th June

Episode Date: June 11, 2022

Welcome back to another SOTM Saturday with your money expert Victoria Devine and Mitch Churi.Groceries, petrol, real estate – everything costs way too much right now. So today we’re playing "The Price Is Wrong" going through everything that’s so much more expensive than it should be! Plus join us for Super Saver Saturday where Victoria gives you some sneaky tips on how to keep more bucks in your bank account. And If you’re struggling with your cash flow and got yourself in a bit of a situation and need some advice, hit us up at She’s On The Money Socials for Money Matters. This week, what should you do if a friend hits you up for a loan?All this and so much more on She's On the Money Radio!You can catch us live on the KIIS network, or listen to your heart's content via the iHeartRadio app every Saturday from 9am - 10am.See omnystudio.com/listener for privacy information.

Hello and welcome to She's On The Money, the podcast for millennials who want financial freedom. And I said that so well. Because you got given a script this week. Yeah, listen, you've written it down for me and that's what happens when we're prepared. The bar is so low. Excuse me, where's the bar? Can we go? No, for the show, the bar is so, so high. But for Trav not getting one word of a six-word sentence wrong, I mean, come on.

I was going to have a response there, but nobody has written a script for me, so I can't. Oh, sorry. Well, we're back again this week. We're on the pod that's on the radio that's on the pod. It's kind of like pod-ception. Oh, look at us go. We're back with Trav and Mitch, and then I get to hang out each and every single week with you guys as well,

which I adore. But what is this, like week three or four of the podcast? Four, mate. It's four now. We've done it a month. I know. We've had a radio show for a month. Mum, I'm legit.

Someone get us a cake. You know, you make the most out of all of us. I saw actually your Westpac app open on your phone, Victoria. Trav, I haven't seen that many zeros in my life. Are you joking? I don't even have those facts. It was baffling. Look at mine.

Oh, that's the secret account, wasn't it? Look at mine. You will actually see that many zeros, but just before any other number. And there's also a negative in front of all of those zeros. Yeah, a minus. We actually learnt a lot about Victoria Devine that I don't think even her podcast community would know, Mitch. We learnt about your poo schedule. Yeah, your bowel movements.

No, we absolutely did not. You just went rogue and started talking about poo on the pod. Why are you looking so red, though, mate? Because it makes me uncomfortable. If there's one thing hotter than your finance tips, it's you on the bathroom at 9.30 every Saturday morning. During the songs. During the songs.

This is really rude. Victoria, can you confirm or deny, Victoria requested actually that you play slower sad songs because that gives her more time to poo. Yeah, she asked if I would play November Rain, which is like eight minutes. No, I wanted Bohemian Rhapsody. Why do you keep getting this wrong?

Because November rain is a lot longer than Bahamian Rhapsody. Okay, cool. Well, maybe I don't need as much time as you to poop. Traff, it's not my problem. Did you notice, Traff, that Victoria said, oh, sorry I was late, traffic, but her car was in the parking lot the whole time. The whole time? She was on the toilet.

I know, right? That didn't happen at all. You know what? I feel like today's episode was a good episode. Yeah. I'm a bit biased, but the fact that we got to go on Facebook Marketplace and find the most ridiculous things in the entire world, like, I reckon that was pretty good.

And the ridiculous high prices that some people are trying to charge for them. Do you know, we printed out some things and some of them didn't make it to the pod. But you can buy haunted dolls. No. Like, quote, it's not even cheap. It's $140 for this hand-painted horror porcelain doll. Do you think it's more because it's haunted or less because it's haunted? I don't know.

But it says, meet Heidi, a one-of-a-kind hand-painted recreated porcelain doll. Heidi's a circus freak with a soft heart but a sinister side when people are deep asleep. Heidi is looking for her home to feel safe but roam the streets at night. That is a hard no from me. Who goes, oh, money win. I'm going to go buy that and ruin my own life. And do you know what the problem is right there is Heidi was set to evil,

not good. Little Simpsons threw back for you there. And we're going to get a Money Matters in the next couple of weeks. Hi, guys. I bought a cursed doll on Facebook Marketplace and now my children head spins 360. What do I do, Victoria? Nobody buys a cursed doll.

I feel like it's like a horror movie where you just turn up to a house and that house is just haunted. That's a good segue into the conversation chat. We need to do a haunted or a ghost hunter style segment on this show because, Victoria Devine, you are the ghost queen. You've got a ghost in your house. This is very niche content. I didn't know this.

Tell me, tell me, tell me. niche content um so i've just moved out of my actual house and into a lease you've moved into a lease lucky a lease yeah i know i've just moved out of my house and into a rental property for the next six months while we renovate because i did all obviously i did all the numbers and the budget and it works out if you do everything at once i save significantly on getting like the services or whatever it is done twice i'm just shocked that you would even think about finances and things like that in the future it's actually crazy who would have thought very out of character Yeah, really, really abstract.

So off-brand. Anyway, we've moved into this house, and it is, I would say it's gorgeous. No one else is going to agree with me. It's very 70s. It could be easily on that 70s show. I love that. Think like wood grain bar. That's so in, mid-century modern.

Which would so definitely be Fez, by the way. I am obsessed with this house. We have a sunken lounge room. We have those big 70s windows. We have a breakfast bar. Okay, we get it. You're rich. God.

Do you have aquariums? I'm not. Everywhere. We have an at-home movie theatre a bit smaller to my liking. Oh, my gosh, no. It's like the exact opposite. It didn't come with a television. No, but the guest quarters did.

Oh, my gosh, you guys, that's terrible. I was sold in the second pool, which is inside the first pool. Shall I call myself Jeeves? Does that make you feel more at home? You should see the wallpaper in this house, like floor to ceiling, bathroom in floral. I love it. But back to the story, I'm convinced this house is haunted.

Oh, God. And low-key okay with it. Like, she's pretty nice. But if she stopped doing weird things, that would be kind of nicer. So she, like, asks me to walk her dog. I kid you not. That's not weird. I wish I was joking.

That's odd. It's odd. Is she going to pay you for that or what? I think I'm going to get paid, which is why I'm not going to do it, obviously. Or maybe, like, a little deal. Stop haunting me and I'll walk your dog, mate. And there's been too many coincidences where I'm like, ha, ha, ha. Like, if someone's here, flick the lights.

And then they do, and it's so scary. and Trav, I took a video of it and showed you this morning. And I am not going to sleep tonight. Thank you very much, mate. So I'm convinced I either have a haunted house or there's someone living in the roof messing with me. Mitch, I know you're trying to save on rent, mate, but get out of that house, hey.

If you want more money-saving tips, you've got to listen to this show. We're going to do Super Saver Saturday, the tax edition, going to keep some more money in your bank account. But you know what? We've talked way too much, guys. How about we give them the show? Yeah, let's enjoy the show, everyone. Give the people what they want.

Here's your ghost-free She's On The Money radio show. On air and iHeartRadio. Money, money, money. She's On The Money radio show. Money, money, money. With Victoria Devine. Starts now. The She's On The Money radio show with Australia's number one finance podcaster,

Victoria Devine, Mitch Turi in the seat as well, and it's all thanks to Budget Direct, guys. Winner of CanStar's Insurer of the Year Award 2022, Budget Direct. They've solved it. Insurance solved. They have indeed. But do you know what's not solved? What?

Inflation and how much things are costing at the moment. I saw it in person literally last night. I went for sushi and you know what? The sushi trains, I love a sushi train. They have the plates with the prices. Wait, were you actually at sushi train, not like just getting Uber Eats? No, no, I actually physically went and I know right for once. I'm a changed man.

And you know how the prices are on the plates on the wall? Like the green plate's a dollar, the purple one. They were removing the plates and adding new plates with more expensive prices. Because I saw it happen with my eyes. Inflation in motion. That is actually ridiculous. You know what, companies? We're not standing for it anymore.

That's why we're going to do this. We are not going to get done on trademarking. This is great. I know. 131065, we want you to call us right now here on She's on the Money Radio show and tell us what have you seen that is just goddamnediculous price-wise. Do you know what I can tell you? Go.

I can tell you that I was at the airport the other day, and I paid $7.40 for a regular oat latte. No. $7.40. Like, not an extra large, not anything. Like, at these prices, I'm going to end up being better off paying for a business class ticket and getting the free coffee in the lounge

than I am actually paying for it at the cafe. You know what? The price is wrong. Airports do that, though, don't they? The airport, like, they've inflated 10 years in the future. Everything's so expensive at an airport. Yeah, I'm not sure if it's actual inflation or them just taking the mickey.

If I had something at the airport, I would just undercut everyone by two bucks and get all the business. Yeah, just be like the cheap place at the airport. Exactly. Richie Rich, our producer, was telling me he paid $5.10 for a 600ml Pepsi Max. You can get two litres for two bucks. The price is... Wrong.

No, that's an absolute joke. I would have, by choice, just said, no, I'm not doing that and mixed my drink with water. Yeah, that's ridiculous. Anyway, 131065, we are taking your calls right now. Judy has called us. Judy, what's too damn expensive? Blueberries.

Blueberries are too expensive. Yeah, I went to get blueberries yesterday and they were $8. The price is wrong. No, no, like for a couple of punnets? For a punnet, $8. Did you buy the blueberries though? No, I didn't. Yeah, good, good.

Good work, Judy. Make a stand. You should have stolen them. Mitch, that is not very she's on the money. Sorry, I don't know what came over me. I would have picked them up, thrown them on the floor and said, yeah, you know why. No, no chance. That's a lot of money for blueberries.

$8 for blueberries. That's shocking. All right, 131065, Natasha, what have you seen that was absolutely ridiculous in price? So I saw iceberg lettuce, which is usually $2.50 a head, and I saw it for $8.98 a head. $8.98? Oh my gosh. Oh my gosh. Hang on a second.

That's absolutely wrong. See, that's the problem. Everyone always tells me, eat salad, eat salad, it's healthier. But no, I can get a double cheeseburger for $1.99 or a lettuce for $9. You can get the entire meal for that iceberg. Yes. And iceberg lettuce is fluff. Like, it tastes like water.

It's water. It's the worst lettuce of all lettuces. Do you know what I'm actually going to do? I'm going to buy that Big Mac or whatever your buying is. I'm going to take the lettuce out and resell that. You wait. Your Big Macs are going to increase in price because they've got that shredded iceberg lettuce in it.

Yeah, the underground lettuce market's about to boom, everyone. What? And also, do you know what I hate when they say it's $8.98 or whatever? Yeah, grow up. No, it is 2022. Who even has two cents? Nobody. Who even pays cash these days?

What is cash? I don't know. Yeah, each week we're going to bring you someone's financial story on air to get Victoria's advice on what they should do. And it's a real broad stretch here. We had a four-year-old one week. He was 12 months old. The other asking for finance money.

Victoria, you've got such a wide audience. Diversity is key. You also missed an opportunity before there, Trav, to call me a poodcaster. You know what? I'm just trying to clean the show up, guys. You keep dragging it down, Victoria Devine. It's who I am as a person. Anyway, let's answer Holly's question.

Holly sent this in to the She's On The Money social. She said, one of my friends recently hit me up for a loan. He's going through a bit of a tough time and has asked me for $1,000 to help tide him over for a while. He's promised he'll pay it back within the next few months. I really want to help him out, but I'm cautious. Should I give him the loan? Do I need to draw up a written agreement to protect myself? what's the best way to go about this what do you think victoria it's actually so hard when friends

ask for money and my approach to this is obviously if you're not in the financial situation to be able to afford that the answer is like sorry i actually can't help but if you are and that's something you want to do i would actually really question whether that's a good idea or not so when someone asks you for money from my perspective you're going to lose one of two things you're either going to lose the friendship or the money which one yeah sometimes even both sometimes even both so we need to be really clear on if i lent trav a thousand bucks like from my perspective you kind of have to feel a bit that you're not going to get it back obviously trying you can put a written agreement in place and do that but i would really be potentially

trying to help your friend in a different way and saying like all right trav sit down i know you need a thousand dollars like maybe there's another way we can get it it shouldn't come from me as a friend like maybe looking into resources that could help them, maybe having a look at the National Debt Helpline, which I'm obsessed with because they are really good eggs doing really good things. What's a debt helpline? What's that? It's essentially a national debt helpline that you can call. It is free. There are financial counsellors on there.

They can give you access to things like NILS loans. So NILS loans is a loan that has no interest attached to it. So that could be a really good option instead of borrowing cash from a friend. And often when people are borrowing cash from friends, it's because they just feel like they're rocking a hard place, right? They just don't know what their options are. And no one wants to ask their mate for $1,000. Like, that makes you feel kind of bad.

So you don't want to be in a situation where that's happening. But if a friend goes, all right, well, mate, if you need money, great, let's work it out. There are so many options out there to support you. I would really steer away from lending money to friends. That's good advice. I'm the kind of friend that goes, if you ever need anything, especially after like a couple of, you know, vodka cranberries, I go, if you need anything, if you're ever in a tight spot, I've got you.

And then when they actually come asking, I disappear. I go, oh, no, I can't. I'm in this bad spot at the moment. Yeah, but it's so nice to be that friend that can support. But what is going on here is actually if they're in a bit of a pickle and you're helping them out, it's kind of like if you give a fish to somebody, they'll eat for a day. But if you teach them to fish, they'll fish for a lifetime

or whatever the hell that is. Oh, wow. Put that on a T-shirt. I should sell that on shisonthemoney.com. I think it was a Bible quote, so we're not going to go with that. I just know it because I went to Catholic school for 12 years. But it's one of those things where it's like, can I actually teach you a skill? Can I give you a bit more financial literacy?

Like if you need $1,000, here's a better way to do it. Or here's a loan scheme that might put you in the best possible position. I'd obviously try and steer away from things that are like buy now, pay later, because that's going to put people in a worse off position. I'd also really steer away from recommending they get a credit card because that could absolutely spiral out of control. But what is in your breadth of control? Like the National Debt Helpline has a whole heap of resources.

I would absolutely go down that route. And I know this has gone a little bit more serious, but we've all been asked for money at some point somehow from someone. And I think actually serving back with education and going, all right, well, how are we going to do this? Like, how am I going to put you in a better position instead of just giving you the money so you can continue your bad habits? Well, that's a lot better advice than what I had, because I was just going to say,

because that fits perfectly with what we're going to do next here at She's On The Money Radio show. What have you seen recently on Facebook Marketplace that makes you want to pick up the phone and go, you're dreaming? Hang on, mate. We've got this. You can dream, you can dream. Tell him he's dreaming.

Well, let me just say, I'll start by saying I am a happy messenger. If someone is putting something on Facebook Marketplace and they're hiking up the price, I'll message them and I'll go, hey, mate, you're dreaming. That's a ridiculous price. Then I'll block them and disappear so they can't get mad at me. Were you even planning on purchasing the item or were you just providing unsolicited feedback? No, I did it the other day for a wooden giraffe. It was after a thousand bucks.

I'm like, mate, you are dreaming. I didn't want to buy it. What would you pay for a wooden giraffe? Just quietly, if you're not dreaming. What wouldn't you pay for a wooden giraffe? That's right. That's right. It's a state of mind.

But we have a whole bunch that I found. I found this one, right? This is a white iPhone 6S, 64 gigabyte, unlocked, right? This is $300. That's what they're saying. I'm not going to say I agree or disagree with that, because I don't know what a white iPhone 6 is actually worth. That is like a 10-year-old phone.

Oh, so that's not good. No. Okay, bad deal. So maybe just tell them they're dreaming. What have you got, Trav? I believe you found something pretty gross. Okay, so toothbrush. First of all, there's a whole lot of questions to unpack there.

But used only once, apparently. Five bucks. Still in the original packaging, mind you. Price is firm. Five bucks. Not going to move. No weirdos. No weirdos.

Thank you, mate. But do you know what confuses me? It says used once, but it's quite clearly still in the packet. Mate, is that why you're selling it? Because you don't know how to use a toothbrush? I'd also like to know what Trav's looking up, mate. Yeah, the algorithm knows that that man wants a toothbrush. That's odd.

Oh, my gosh. What have you found, Victoria? Quick move on. Well, actually, I was going to bring up a topic that I think will trigger a few people, and that's the topic of limited edition things that you got for free at Coles or Woolies. Yep, no.

You know when you got those mini groceries all the Ooshie things. So I looked up an Ooshie. I am going to sell this to you, all right? Sit down, Trav. Sit down, Mitch. We've got an ultra-rare glitter woody Ooshie. No way.

Yeah, limited edition, brand-new mint condition. Doesn't come with his packaging, but he is $1,500. No. What? You got that for free, so sit down. Sally means dream. I also found another one, guys, which I just think is a bit rich or maybe a little bit niche, right?

So this is a Finding Nemo stuffed toy. It is a really big one. It's one metre long, 65 centimetres high. According to the original seller, it's also very cuddly. But it looks like that one you got at the Melbourne show for free. Why are you selling it to me for $150? You can dream, you can dream. Sally means dream.

They 100% got that at Moomba in Melbourne because it says they're in Melbourne. Yeah, exactly. That was free. Why are you trying to profit off a children's toy? I mean, hey, he probably spent way over $150 trying to win it. But still, tell him he's dreaming. Right in the bin. That's way more fun when we do it.

Anyway, hey, Victoria, coming up next, we are going to do Super Saver Saturday where you give us some sneaky tips on how we can keep more bucks in our bank account. Super Saver Saturday. The tax edition. Yeah, we're doing this for the next couple of weeks. I love this. This is my dream come true, guys. Wow.

Do you like tax tips, Victoria? Does she? I guess Christmas for you would be like end of financial year. I'm glad you said tips. Yeah, just the tips. You like just the tip? No, move on. I'm here for the tax tips.

You're talking about tax tips, right? Yeah, I'm talking about tax tips. It's EFS. Do people still say that? Happy EFS? Yeah, we do. Only that annoying ad from Officeworks, I think. Sorry.

It's literally my favourite time of year, right? End of financial year is so fun. But also, do you want a hot tip about your favourite financial advisor, which, spoiler, is me? Nope, I don't. No, I want it. I want it, please. He does.

My birthday is actually the 30th of June. So if I wasn't born to be a finance baby, I don't know what I was born to do and I might need to leave. I didn't know that. I will send through my birthday list later. But before we get to my birthday list, like how about we go through a list of tax tips from Victoria Devine? Yeah, I'm down.

You are down. That's your birthday present from me, by the way, doing that. Oh, I get to do tax tips on my own radio show. I am so grateful. I cannot wait. um so first things first those of you who are turning 31 this june or anytime soon you actually need to get your health care in check if you're going to get private health cover and that is not something that i'm here recommending going you need private health cover but if you earn over

the threshold and you actually earn more than ninety thousand dollars individually and you're over the age of 30 you could be absolutely slammed with not only the medicare levy surcharge which you get for being over $90,000 a year. But once you go over the age of 31, you actually end up paying even more. So now's the time to shine, my friends, when it comes to private health cover. Most of my friends don't even have private health. I have it, but I'm a financial advisor, guys. I feel like I'm very stereotypical, very vanilla.

One time I lost a friendship because she called me beige. I hope she's listening. Hey, Emily. All right, another tip. Give me another one. Next is prepaying expenses. So this one is more of a big saving. But you also have to cough up a little bit of cash to make the saving.

So if you've got things that you're paying, like insurance, like if you've got maybe income protection or something, you can actually prepay a year in advance and then claim it on June 30 in this year's tax return. It's kind of a good money winner, I reckon. But that requires a lot of pre-thought. That's tough. Yeah, that's tough.

And it also requires you not to pay month to month or like week to week because you've got to cough it up in advance. So it's like a money win, but like more of a niche one for the rich people listening. Like coffee now, don't worry about it later. Yeah, Mitch can't do that because he's spent all his money over it. I was going to say, not me. Yeah, no, I can't do that.

I can barely cook dinner, let alone pre-plan my finances. What would you cook us for dinner if I came over? No, do not worry. Okay, I thought we were close, but that's all right. That's fine. And then the next, Mitch, this one's really going to be down your alley, is you can potentially claim your handbag on tax. Why is that funny?

What an amazing bird. Yeah. Absolutely smashed you on a Saturday morning, mate. You're so funny. Yeah, that's gold. Good gear from you. You could. I mean, you're not going to be able to claim a Chanel bag,

but like who can afford a Chanel bag anyway? Not me. But if you have a bag for work that carries like your work laptop and your notebooks and stuff and it's actually reasonably priced, you can put it in as a work expense. Do you know my favourite thing that people can potentially claim that's also really niche? What?

Dogs. Ooh. Claim a dog if you're a farmer. For support? Yeah, no, no, no, no. It needs to be working dog, but if you're in security or in farming, that's where I'm going with this. It's going to be she's on the security, and then my dog Lucy,

the golden sheep-a-doodle, she's going to be security for everybody. Lucy, can you go get us some coffees as well while you're at it, mate? Yeah, please, please. She knows the word coffee. She loves going to the cafe. Yeah, just go pick us up some coffees while you're at it, Lucy. All right, that is us done and dusted. We're getting kicked out of this studio.

Remember, you can catch up with us any time you want. Just search She's on the Monday Socials.