She's On The Money - She's On The Money Radio Recap - 27 August

Episode Date: August 27, 2022

It's another She's On the Money radio Show Saturday with Victoria Devine and Mitch Churi! As ever we dive into Super Saver Saturday. Plus, remember when you were a student? The team talk how to make your money go further on a student's budget. And, should you ever lend money to a friend? We suss the best way to go about it to save heartache down the road.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.

On air and iHeartRadio, She's on the Money Radio Show, with Victoria Devine, starts now. Saturday morning, right across the country, welcome to the She's on the Money Radio Show with Australia's number one finance podcaster, Victoria Devine. It is you, and the other person is Mitch Turi. Oh, that's me. That's you. That's who I am. Hey guys.

Well, we look so cute today. I just want to get that confession out of you on the line. No. Yeah, Victoria. Yes. No, Victoria just said. No, absolutely not. Could you please tell everybody what's going to happen on the show today?

Yeah, Victoria's going to confess what she said in the song just then. No, I'm absolutely not going to do that because it makes me look so silly, guys. No, you know what doesn't look silly? I'm unsure. I've lost it. You this morning, mate. You look beautiful. Thank you.

Thank you. Aw, you do look good. Something else that looks good, today's show, because before 10 o'clock, we're going to do Super Saver Saturday, Victoria. That is one of my favourite segments, arguably my favourite segment, and it's a segment where I give you some sneaky tips on how to keep the most amount of money in your bank account. Some might say tight.

I was going to say the A word, but probably can't say that. Yeah, kind of, in a weird way. Yeah, they are. Singy Saturdays. I like that. That's good. I like that too. I also like what's coming up in the next 15 minutes.

Money matters, Mitch. Yeah, so if you're struggling with your cash flow and you've got yourself into a bit of a sticky situation, you need some advice, that's what Victoria's here for. You can hit us up on the She's On The Money socials. This week, though, it's a very interesting conundrum. What should you do if a friend hits you up for a loan? Because it can be a very awkward situation.

We've all been there. This is so spicy. I have so many opinions. Right now, it's time to do this. Because I'm just a teenage dirtbag, baby. Yeah, we thought we'd relive those days back when we were teenage dirtbags, when we had absolutely no money. But we still lived our best lives.

So, 131065, give us a call right now. How did you used to stretch your money back when you were a teenager? Now, Packers has given us a call. How were you a teenage dirtbag? What did you do? I remember going to get $2 pots on a Tuesday. That was a winner. That just sounds like a good deal.

I know. All right. We did ask them to call Victoria. I do respect that. That's why we're asking. I definitely respect that. Packers, you seem like the kind of guy that would still do that. Is there any establishments around that have anywhere near a $2 pot?

I think if you hunt a local bolo, you might sniff a couple of cheap pots down there. Yeah, when I think Victoria Divine, I think hanging out on the corner of a local bolo. That's what I think. Wow. I picture you, Victoria. All right, thanks, Packers. No worries, guys. Have a good day.

Abby on 131065, tell us, how did you make your money go further when you were a... Teenage Dirtbag Baby. Okay, so I was about like 15 or 16, and I used to buy pretty much whatever I wanted at the shop. Oh, so you're a rich, rich. Okay. 15, no, no. I always kept the tags on so that I would go out and then I would wear it

and then I would try my very best to return it. Oh, did it work? Like it worked, but I lived in fear. I had like industrial strength deodorant. I like couldn't get anything on it. It was like, I didn't even know if it was worth it. I can just imagine Abby, like you walk past, you go to give her a hug. She'd be like, get away from me!

Also, what if someone saw the tag, Abby? Like if someone said to you, hey, you've still got the tag on, let me cut it off for you. You've got the tag on, I'm just going to rip it off. Oh, gosh. Yeah, yeah, yeah. You'd freak out. Oh, my God. I had all my friends were in on it, too.

They were like monitoring my tag situation the whole time. Did anything ever happen? No, I was so lucky. Although one time, like obviously when you're 16, you go into these stores and they like suss you out. They look you up and down. They don't really know you. As someone who used to work in retail, we know.

They still do that to me now. But the best part was so that like the people behind the counter were also usually 16, so they probably couldn't care less. No, they really don't. As long as you're not rude, I think that they'll do anything. But my anxiety would peak just because I'm the klutziest person in the entire world. I could not buy a dress and not get something on it.

I mean, look at your shirt now, mate. I didn't want to say anything. Look, it's not my fault. And I keep wearing white. I do it to myself. You bring it on yourself for sure. All right, thanks, Abby. Thank you, guys.

Now, Brad, on 131065, you're going to get along with Victoria with yours, mate. How you going, guys? This goes back to, yeah, you're just in your teenage days, but going back and buying the old four-litre wine cart, I reckon you can pick them up for less than ten bucks back in the day. Exactly. Fruity Lexia makes you sexier. Fruity Lexia or Moselle was my go-to with a couple of litres of Fanta.

Oh, Fanta, you classy man. Nice mixer. Yeah. And no Airbnbs back in those days. the only air you needed was to blow up the cask at the end of the night for a pillow. I definitely didn't get the four litres, but I definitely did put lemonade and ice in it because class.

Victoria Deviner equals class. That's what I think of anyway. Guys, it is time for this. 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. 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. 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, 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 well. What's the 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. 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 bad habits? Well, that's a lot better advice than what I had, because I was just going to say, You can dream, you can dream.

Telling me, dreaming. Because that fits perfectly with what we're going to do next here. she's on the Money Radio show. Well done, Trav. You're really good at this radio thing. If you have ever looked through Facebook Marketplace, Mitch, I'm talking to you, and you're thinking,

hey, this person asking way too much for their junk. For a theremin. Oh, that happens to me weekly. I go off at them in the messages and they never reply. If I've seen your item that I would like to purchase online for a little while, I'll undercut you. I'll be like, oh, will you take half?

Oh, God, yeah. You would. Only worth what someone's willing to pay, Trav. Yeah, I think somebody very wise told you that just before yeah it was during the break this is she's on the money radio show tell him he's dreaming honestly mitch you are very good at facebook marketplace thank you but i want to know what have you seen recently on facebook marketplace that makes you want to pick up the phone and go you're 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.

She didn't want to buy it. What would you pay for a wooden giraffe? Just quietly, if you're not dreaming for a thousand bucks. 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 bucks. 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 their dream. You can dream, you can dream. Tell him he's 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? You can dream, you can dream. Telling me, dreaming. I'd also like to know what Trav's looking up, mate. To get toothbrushes. 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. But you know when you got like those mini groceries or the Ooshie things? Yep. 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. 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? 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.

Alright, this week I am bringing you a banger from the She's On The Money podcast because I always ask people, like, what's your tips and tricks I want to know? And people write in to us each and every single week what their money wins of the week are. Like on Mondays, we post a thread in our Facebook group and it goes off like hundreds, if not thousands of comments of people being like, I saved money like this or I did this or I did that. Or some people are even like, oh, my God, money lost this week. I've seen that on the Facebook group.

Yeah, I spent $17,000 on Uber Eats. But the good thing with that is you're saving time because you're working smarter, not harder, getting other people to do your job. I am actually a content genius, but the thing there is it's not just for the content guys. It means I don't even have to look up money-saving hacks so that I can save money. And this week, someone told me that they booked a holiday by buying gift cards but using Shopback, which is a platform that you can use to get some cash back on your purchases. But they bought their gift cards through Shopback, got 5% cash back, and then booked their own holiday with a 5% discount

on the travel gift cards they'd bought. Yeah. What a genius. Yeah, some people are just way too smart with this stuff. But these cashback apps like ShopBack are genius. It's money back on purchases you were going to make anyway. And you guys know that I do have a good relationship with them, but this is definitely not sponsored.

I'm just a fan. But they now have a Chrome extension, so you don't even have to go check the app. It just tells you that you're going to get a discount when you're online shopping. Oh, I love that stuff. You're a lazy person. That is sensational news.

I thought that would be music to your ears. You are welcome, Mitch Turi. But it's genuinely something that I was like, oh, I just got back from a holiday, right? Would you like to talk about it? We don't have time, sadly. No, sorry, sorry. Moving on, moving on.

But I wish I'd known that because I also booked my holiday through Flight Centre and they got a 5% discount. Flight Centre weren't giving me that, were they? No. Genius. Okay, more tips. I'm hungry for more. All right, the next tip also stolen from the Facebook group.

But we're all about recycling content and working smarter, not harder. It's use your clothesline. Are you ready for this? One of our She's On The Money community members had calculated how much her tumble dryer was costing her. And it was a couple of hundred bucks a year. And now she's using her clothesline and saving a whole heap of money, which is something I'm not willing to do. I love my tumble dryer and I will continue to use it. Because have you not ever gotten out of the shower to a hot fluffy towel?

That's worth a lot of money to me. It's the best. Or throw your jumper in the tumble dryer, not even because it needs drying in winter, and then throwing it on at night. It is the best. It's also my way of ironing. So if you ever see me in a shirt and you're like,

wow, Victoria is so put together, that shirt is looking crisp. Yeah, it's because I pulled it out of the tumble dryer. You know that's not ironing, by the way. It is ironing. No, that's not ironing. I pulled it out of the tumble dryer. I gave it a little flick and I'm ready to go. If the collar wasn't crisp enough,

touch it up with my hair straightener. I want another tip. You want another tip? You didn't like that tip. Yeah, I want another tip. No, I want more. I'm hungry for tips. Okay, cool.

So the next tip I have, again, not sponsored, just good, it's the McDonald's app. They are so good. Were you guys here for legit tips where you could save and invest? Because this week ain't it. No. It works by just downloading the app, and each and every single week they have a little deal on there.

Last week, cheeseburger meal and a sundae, $4. That's a good price. That's a good price, right? Yeah. So you book it through the app. You can go through DriveThru. They've now started asking, like, oh, do you have a code? And you're like, what are you talking about?

They're talking about the Maccas app. You give them your four-digit code, up comes your order, you don't even have to talk to the person for that long, pay my $4, drive away happy. Wow. Wait, can you get a steamed bun on the Maccas app? Because I totally care about steamed buns. Well, I did ask for that.

Genius, genius. That I'm downloading right now. All right, we've got to end the show. We do, because Mitch Turi, you've got to get out of here to go and do your favourite show with your favourite people. You say this every week. Listen, Tom and Veronica, you are two of my closest friends, and I adore both of you,

and I just want you to know that I will never forget you. All right, thank you. We'll be back next week. For everything, make sure you check our socials. Just search She's On The Money, the Life Uncut radio show with Laura... What's her name again? And Britt's who?

Sorry, Mitch. I think it was Bianca. Yeah. Britt Hockley and Laura Byrne. Yeah, that doesn't sound familiar. That is coming up next with their buddy Mitch. Love you. Bye.

See you next week.