She's On The Money - Swifties, Sweethearts and Sausage Dogs!

Episode Date: February 15, 2024

Only ONE more sleep till you know what! And if you're not a Swiftie...sorry, not sorry! Join the gals as they share your money wins and losses, broke tips and discuss a Money Dilemma about a cuuuuute little sausage dog that may or may not need pet insurance. Plus, if you were saving for a house and had some in-laws offer free accom with a catch, what would you do? Look after future, or current you? That's exactly what our community DM this week has us pondering! Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.See omnystudio.com/listener for privacy information.

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

She's on the money. Hello and welcome to She's on the Money, the podcast for millennials who want financial freedom. Today, my friends, it is Friday, which means it is Taylor Swift Day tomorrow. Also, we're meant to be getting our team together to celebrate you, our incredible She's on the Money community and Taylor Swift, which we are very, very excited about. I don't know if you know this, Bec, but like Jess and I, what are we doing? We're going to Taylor Swift.

Really? Did you know? Did you know? I had a feeling. Just a slight suspicion. I love it. I love it. It's all we've been talking about.

And now it's literally less than 24 hours away. But before we get there, we actually have some work to do. We want to get through an entire Friday episode of our podcast. Today, Miss Jessica Ricci, she's going to go through our favorite money wins. I wonder if she's pulled out any Taylor Swift inspired ones. Bec, you're going to be taking us through your broke tips. We're going to be helping to answer a juicy money dilemma, which this week is all about pet insurance.

I feel like we haven't talked about that topic in a very long time. And we're going to be unpacking something that you slid into our DMs about, always spicy. But this week, you ask if you should move in with your in-laws to save for a house. I feel like there could be some pretty good pros and cons from both of those. But before we get there, let's start with you, Bec, because I know Jess has had a good week and it's mainly due to anticipation. What has your week been like, my love? My week's been really nice.

obviously valentine's day love is in the air how did it go and we know last week you did a little soft launch and said i do have a date i do have a date i it was really really really nice and just like romantic and fun it was really cute i love love so what did you do so this is a little bit spicy but we do actually work together and so we worked i hope our bosses aren't listening to this episode if you are my boss or someone that works with me please stop listening right now um you didn't hear this bye yeah exactly no it was it was really good so we worked obviously in the daytime together which was really cute they're not on the she's on the money team sadly no so like you guys don't need to speculate about that because otherwise i don't know maybe they'll be

like hey jess i thought you had a boyfriend well well you know when valentine's day comes around It's someone different, but you know what? It is someone different. You just want to love love. You just want to love love. Exactly, exactly, exactly. No, it was really cool. And so, yes, we did work all day together and not a lot of people know,

so we had to pretend that we were just like, hey, what's going on? But really. But really you're like deeply in love. Yes, exactly, exactly. And then after that we just went to a gallery, walked around the city and had some nice food and did all the nice like romantic things. You made fortune cookies?

I did. You might hear about that a little bit later in my Baroque tip segment. No, don't be sorry at all. Well, I love love. That's me. That's the best. That's me. Miss Jessica Ricci, how's your week been?

It's been good. As you said, just the prep work, finishing my outfit, making more bracelets. Really? Very excited. How many bracelets do you have now? Well, I think I have about 30 maybe, but some of those have been dibs by Gabby. and then I love that Gabby's just like hey Jess um can you please do the hard yards yeah I didn't even make her do that absolutely I will so yeah not heaps because you have to well originally

they said you had to wear them in but then they changed their minds but you're you trade them too so I thought rather than collecting and collecting and hoarding I would rather just keep trading because I feel like that's really fun I have questions so I've seen on TikTok so many women making their bracelets right which slay like I wish I had time for it because I feel like that would be a fun activity. I've also seen so many girl date nights where they're drinking a little like a little wine and making bracelets together. And I was like, why didn't we do that, Jessica? That's very us coded and we didn't do it. But I keep seeing people with like hundreds of bracelets. Like, what are you doing with them? Are you like gifting them away? Are you trading them?

Once you're done at the concert, do you then have like, I don't know, 150 bracelets that you bring home? Like, Jess, what's the point? Yeah, well, some people have been making these little DIYs with this shadow frame box you get at Kmart and they put like their ticket in the box and they're going to store them for like the memes or people might wear them but I think like I wouldn't need hundreds I wouldn't know what to do with them which is why I thought I'll make less and then just trade and I assume that some of them you'll give away and you know between Gabs and you and whoever else. I'm so excited I'm so excited I don't even have any bracelets to trade I think I'll just be standing next to Jess while she's trading clapping like a little like monkey toy

You're being like, yay, this is so fun. That's all right. I'll bring you some too. It's such a cute tradition. It's very fun. How did that even start? Because there's a line in one of the songs that says, make the friendship bracelets.

And so people started training them. Oh, that is so wholesome. It is very. I love love. I love Taylor Swift. I feel like all of these things go together. It's just a great week. It's a good love story.

Yeah. And how's your week been? My week has been good. I have not been nearly as active as you guys. My husband decided that maybe I was a little bit too pregnant to go out for dinner on Valentine's Day and I was like, oh, okay, yeah, that's fair. But I had a really big day at work and then I came home and he made a little picnic, which was really, really sweet. And we had it on our back garden and that was very wholesome. But yes, he is correct. I was

too pregnant to go out. If he had mentioned it, I think I would have had a breakdown. That's so fair. I would have been like, absolutely not. We love a man that knows. We do. So let's move on because it's not all about me. I want to know, Jess, more about the community. What community money wins are you bringing to the table today? And are they Taylor Swift themed? You know what? There wasn't a lot about Taylor Swift this week. I feel like everyone is just prepping in anticipation. I don't imagine that you would be able to find

many money saving hacks when it comes to Taylor Swift because the tickets are expensive. You can't really get tickets. They did another drop this week. Can you believe that? Oh my goodness. What ticket drop? Yeah, like an extra one. I don't know where the tickets came from because they've been sold out for months and months and months, but wow. I don't know where they came from either. I saw that on socials and I was like, excuse me, what? And they did, like a bit of a money win though. They did start at $65.50, which I thought was really accessible.

That is a bargain. Wow, that is cheap. Because I feel like so many people, obviously they would have been absolutely snapped up in 0.2 seconds. Totally, for sure. But like, yeah, we, what would you say, Jess? We invested in our tickets? It's an investment.

It was an investment in our joy and that was money well spent. Yeah, it's aligned to our values. Yes. And by aligned to our values, I mean Jess's ticket was free because it was aligned to my values to make sure she came with me. I love that for me. Money win. That's a money win.

That's a money win. All right, my first money win this week is actually Taylor Swift themed from Alyssa who said, I accidentally left my friendship bracelet making to the last minute, the week of the concert, and now it is so hard to find good beads and string. Not once but twice this week I've been lucky enough to score a heap of free beads and string from other Swifties who have finished making theirs. Oh, that's a good money win. It also saved me money because I spent the weekend making bracelets instead of going out

and spending money that I shouldn't be spending. Love that. Love that. That's girl math. Swifties are so good. Like they are just the kind of people to be like, I'm done. You have it. You take it. You use it. We love to see it. Next, I've got a money win from Tori who said, pro, I picked up an extra Sunday shift at work. Con, I have to work said Sunday shift and I have mad regrets. But So I see you with the pro, a Sunday shift, that double pay or pay and a half. Do we still get pay and a half? Maybe in hospital. Certain industries maybe, I'm not sure, but.

It was the entire reason I would happily work very hungover when I was much younger. Oh, for sure. Because I'd have my Sunday 11 till 5 shift at Steve Madden, the shoe store on Chapel Street. Oh, perfect. And I just remember feeling so violently ill the entire time because I was a very, very well-balanced adult and definitely knew how to manage my time. But every second that I was like, I wish I wasn't here, I would then remember.

Double time and a half. Double pay, baby. That doesn't sound like an open or closed shift as well, which is. No, no, no, it was. It was both. It was like limited training hours. Otherwise it was usually like 10 till 6. So 10 till 6 on a Saturday and then I'd do 11 till 5 on a Sunday

and I'd always make more money on the Sunday doing less time. You love that. Love that. Next I've got a money win from Rachel who said, I paid off and cancelled the dreaded evil afterpay today. Get it, Queen. Yeah, nice. How liberating, though, just knowing that you not only don't have

that debt anymore but you're just like, I don't need you. I adore it. Then I've got a money win here from Nicole who said, money win, my son got his licence on Wednesday. Woo-hoo to petrol and insurance savings because he's going to pay for it himself now that he's 18. Great. He's not going to see what's coming, though.

He doesn't know how expensive that is. He's in for the shock of his life. Yeah, he's like, I'm free. And we're like, from what? Exactly. Financial responsibilities are way heavier than being able to drive. Exactly. And then lastly, I've got a money win this week from Rachel who said money win.

We celebrated my son's third birthday and normally I would order a cake that would cost between $120 and $150. I decided to make it and it cost me $35 instead, including the decorations. And you know, we have a photo. Oh, that's cute. Isn't it cute? That looks like you bought it. It looks really good.

Go have a look at the thread for Rachel's cake because it looks fantastic. How do people just do that? That's incredible. Delicious. I love that. Amazing. I reckon you'd be good at that, Bec. I feel like you're good at everything.

You're always good. Oh, that's so nice. You are. You're like, oh, I made fortune cookies. And I'm like, of course you did. I didn't, like Jess and I just looked at each other and we're like, how though? Like, yeah. It takes a lot of patience.

Yeah, but like you're resourceful. You could make a cake like that for sure. Is that all you've got, Miss Jessica? That's it. I'm excited to hear more about the fortune cookies. True. Sorry I brought that up too early. Did I spoil you?

You broke tips. Don't be sorry at all. Well, actually, I'm glad that you did. Let's save it to the end of the Broke Tips, though. Good idea. Give us two and then we want to hear about your fortune cookies. Perfect. So as always, there are two from the community and one from myself.

So the first Broke Tip comes from Kim, who says, and it's actually a good one for you, because I know that you say that sometimes you'll literally go home because an avocado is going off. That's me. Kim says, you can't waste an avo. You can't. That's so fair. But if you try this, maybe you could spend the night at the pub or something.

I can't imagine you doing that, but. I'm literally like so pregnant at the moment. It's not funny. Like you guys had to watch me not just get on the chair but heave myself onto this chair to record this episode. That was scary actually. I was like maybe we have to deliver today. I don't know.

I really hope not. I swear Jess is literally like every second like, are you going into labour? And I'm like, no. And then she's like, what about Taylor Swift? Are you going to go into labour? And I'm like, kind of hope so. Because just in my head I have this idea that it would be hilarious

to turn up at the birthing suites at the hospital that I'm giving birth at. In my Taylor Swift getup, I'll be in, like, bedazzled white cowboy boots, like a fancy, like, dress. I'll have my cowboy hat. There's probably going to be a lot of glitter on my face. And I'll be like, are you ready? Like, let's go. It's a good story, yeah.

Let's go. That would be very, very good. Let's go, girls. I'm ready. I'm kind of ready for you to go into labour before the end of this episode, but we'll see. Sorry. So Kim says, sick of avocados going yuck once you cut them

and only use half. Yes, Kim, we are. put them in a bowl of water it stops the air getting in and keeps them from going brown so cut them in half that's smart i never thought of that yeah totally trying to like glad wrap them shut and make sure it's like completely sealed and you're telling me you could just put it in water could just put it in water exactly so yeah there you go just chuck them in some water i feel like that's like so smart yet i am not smart so i never worked that out my ideal broke tip I love it so easy to execute but so good and like I don't want to get cancelled literally on my own

podcast but I throw away so many half avocados because they go a little bit dank and like I know I know I'm sorry it's okay I'm sorry what's your next break tip before you get in trouble it's compost so isn't it at the end of the day okay so this next one comes from Hannah this one's a little bit dangerous actually but I'm gonna be trying this danger danger it's dangerous because I just I don't know if I'll ever be able to stop myself from doing this so Hannah says she discovered this hack at uni after a drunk night out if you go into dominoes after 9 p.m or close to the closing time and ask if they have any leftovers usually like garlic bread or orders people didn't pick up they'll usually give it to you for free so she's done this about five times

and it's worked every time oh my god what yeah who would have thought i didn't think no but she did what a genius that is really clever and like you know why wouldn't you you know what i mean like if i was working in dominoes i was gonna chuck some garlic bread out and someone if i was working in Domino's, I'd be trying to take that home. Oh, yeah, you could do that, actually. I didn't think about that. Maybe they're over eating garlic bread every night. You'd be sick of it.

Yeah, they're sharing. I like that. Domino's is probably not going to be that happy with us sharing that, but you get what you get and you don't get upset. But tell us, fortune cookies. Bec, how's this a money win? Well, okay. Did you, like, open a fortune cookie and it said you'd be real rich one day

and then you won the lotto? Oh, look, you know how they have the lottery numbers at the back? Yeah, yeah, yeah. No, I didn't win. But it was fun. It was fun and I wasted a lot of money. But I think that I will win one day just based off those fortune cookie numbers. We'll see.

I'll keep you guys posted. Okay. So no, my fortune cookie broke tip is it's actually really cheap and kind of cute, if I do say so myself, gift idea. This one was for Valentine's Day, but you can use it for whatever, whoever, whenever and for any occasion. So basically all of the ingredients that you need are actually all pantry staples. So flour, sugar, and I can give you the actual recipe that I use as well.

We want the actual best recipe for fortune cookies. Very authentic, I feel. Thank you. So it was really just flour, sugar, egg, and a bit of vanilla extract. Oh, cute. And water as well, sorry. Water as well. And then you get literally any kind of paper, any kind of pen, whatever you can find around the house,

Just some sort of pen or pencil and some sort of writing, whatever you can find. Back of a receipt. I don't mind. So it is actually really easy and so quick. It took me like 10 minutes. All the ingredients altogether cost me about $15. And that was like literally starting from nothing. But I assume a lot of people will already have flour, sugar, all that kind of stuff in their pantry.

So hopefully it cost less than that. But for me, buying everything from scratch was like $15. And honestly, I think it's like the cutest gift. I think it's really wholesome and romantic. Thank you. Yeah, the way you can write whatever you want. Like you put a little poem or a little saying or a little surprise. Totally.

That's so fun. I love that she said she puts receipts. She's like on the back of a receipt. I'm like, yeah, all right, so I'm going to make fortune cookies for you guys of the receipts of what I'm spending on you guys and then I'm going to gift you the fortune cookie. Yeah. Reduce, reuse, recycle.

Totally. Yeah, it will be flour, sugar, egg on this receipt. Yeah, yeah, yeah. Just so you know, this cost me $15. and that's really wholesome you're like way more romantic than both of our partners combined oh well it's what you get it's what you get it's what you get we get it i'm sorry i'm sorry i love that thank you so much little fortune cookies i do recommend it's very cute it's actually not too hard but you can find this all on youtube and also i'll give you guys the actual recipe

we can put it up somewhere we'll put it on stories i think that's really wholesome that's my book tip love it but you have to wait an entire year to use it next valentine's day so all right let's go to a really quick break on the flip side we're going to be talking about pet insurance whether it's worth it whether it's not and we're also unpacking something you slid into our dms about which this week you ask if you should be moving in with your in-laws to save some cash so guys don't go anywhere welcome back everybody let's take a listen to this week's money dilemma. Hi there. 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 team, I need some help with pet insurance. I have a one-year-old sausage dog and on top of de-sexing and the standard things you pay for like worming and stuff he's had two instances we've had to take him to the vet urgently the first time was cost $400 the second time $700 luckily we've had an emergency fund to cover this so that was fine but it's made me think do I need pet insurance I'm all about I know Victoria always says get insurance like that's really important and I'm on board with every other insurance but for some

reason I'm not convinced by pension I think because it often says they don't cover everything please help I think this is a really good question um and she said that she has a little dash hound I'm obsessed with sausage dogs like I literally follow on Instagram and TikTok you got a dash hound great I probably follow you like I just want to see their little noodley bodies doing noodley things like oh I actually lose my mind when I see them at the park like anyway thankfully I've got a dog as well so it just looks like my dog's interested in talking to your dog it's not like I've primed her I'm like you see a dachshund you need to go down there and make friends with it so I can it's less awkward right thank you but pet insurance so it's one of those things where

you could take it or you could leave it it's completely up to you personally we have it but we have it for Lucy, but not for my cat. So Lucy is my dog. And the reason is because she's always out and about. Like I feel like her risk level is much higher. Cats are arguably a bit more resistant. Mine are mixed breed. So they're not, you know, these purebred cats who are, you know, predisposed to more genetic conditions. Same as Lucy though, she's a mix. So at the end of the day, she's less predisposed, but a dash hound is very predisposed to stuff like hip dysplasia, show right I'm not a vet just know it exists because I've got a couple of friends who have them in Australia a dash hound can cost up to six thousand five hundred dollars in Australia

to actually just purchase as the pet to begin with which is a very substantial I would say initial investment in getting a pet like wild anyway we're also not having the conversation about adopt don't shop all of that right now this is actually just about pet insurance not about how you acquire it I'm just giving you some financial information and then pet insurance every month because different breeds carry different levels of risk. So I've looked this up for you. Pet insurance can cost anywhere between $57 and 23 cents a month, all the way up to $213 and 6 cents a month. So that's a big difference. But the problem here I think is, yes, some things are going to be excluded and they're going to be excluded because that particular breed is going

to be more predisposed to having a particular issue, right? Like, and if the insurance company knows dash hounds have really bad, you know, history of hip dysplasia, they're going to go, well, I'll cover everything for you, but do we really need to cover the thing that's most likely to happen? And while that's not a good or a bad thing, it means you need to deep dive into your insurance and I wouldn't just pick a policy online. So I would have a look online. We currently have our insurance through Bow Wow Meow. I don't know if anyone cares, but that worked the best for us. also cute name that is a very cute name very cute name but I would do some research and what I did when I was getting it everything online looked great but I called them as well and just you know

ticked some boxes and said what are the things that I'm definitely not going to get like with this type of dog like what have you seen as being you know the biggest issues what do I need to foresee so I think that's really important as well but you've also disclosed to me that there have been some issues in your dog's life that you've already had to pay for. So you might have to disclose those when applying for pet insurance. And they might go, well, because your dog already has a broken X, we're not going to cover that X. It's the same as human insurance, right? A couple of weeks ago, we were talking about you, Jessica, and how you have a not so great knee. And we know that when Jess did her personal insurances, the insurer was like, great, Jess, I'd love to cover

you for literally everything except your right knee. And Jess was like, okay, fair. My right knee is pretty cooked and something's probably going to happen to it. And I know that risk there. So does that make sense? So it's really up to you. I mean, if you're going to insure a pet, I would be talking to the insurer about like, all right, well, puppy might be cheap, but like, how long can I insure them? Some companies will only insure a pet up until eight years old, some 10, some longer. You just need to know the semantics. Also, what are the increased insurance costs every year? Is that 57 because you've got a one-year-old and then the 200 because you've got an eight-year-old? In which case, have you done a bit of a cost benefit analysis and worked out

what that actually is going to look like over the lifetime of the pet? Because I have a lot of friends and we have a lot of community members who are like, do you know what? I'd prefer to put X amount into a savings account each and every single month and just forget about it. and have a pet emergency fund. And if it doesn't get used money, when I have more money on the side. So it's up to you guys. Do you guys have any pet advice? Not really. I think like, given, you know, the dash hounds have those preexisting conditions. I think it's definitely worth looking into it because I think that from what I've heard, some of the surgeries that they might need can be in the thousands and thousands of dollars. And you don't want to find yourself, if you can avoid it

in a position where you're trying to decide, you know, is it quote unquote worth it to spend that money to save a pet or to improve their quality of life, because I think that that's a really devastating choice to have to make. So I think it's definitely well worth looking into, but it really depends on what kind of policy you can get and whether it will work out to be worth it or not. Yeah, I think it's genuinely worth you doing the research. I feel like sometimes we get questions from people being like, is it really worth it, V? And the reality is you need to do your own research to work out if it's worth it for you, because for me I look at it and go I don't think it's worth it for my cats personally but I did

think it was worth it for my dog and at some point I might be like this is getting astronomical in terms of costs I'm just going to put some cash away and you know cancel Lucy's insurance and we'll deal with it in cash when that happens so I think it's really about working out your own financial situation and the risk because Jess for you as well you have two indoor cats the same as I do. I feel like if a really big unexpected cost came up, I know that you're one in the financial position, you have an emergency fund, you could pay for it. I think you'd prefer that than to be losing 150 bucks a month on insurance. Yeah. So like, I'm not saying that there's a right or wrong. It's all about like what you're comfortable with. Cause that might, you know,

give you crippling anxiety at night because they're not insured. So it's, it's completely up to you. I guess like, I don't really, I don't have pets at all, but my best friend just bought a little doggy which was really cute oh really oh my god no i did know that i saw on instagram yes um so cute she's very sweet she's very very cute but i i guess like i just have a story that's kind of maybe like fear-mongering but also i'm with uv that it does depend on your own personal situation but a couple of friends of mine one of them got a dog and one the other friend got the exact same breed maybe like a couple weeks later for the sake of this story let's say jen and harry So Jen was telling Harry to get pet insurance because her dog, same breed, broke her leg

just like a couple of days prior. Harry said, I don't really need it. I don't think I'm going to be getting it. That same day, Harry's dog broke her leg. No. Oh my God. And Harry didn't have pet insurance for her. You really do be out here fear mongering, don't you?

I really do be. But I guess. What are the chances? It was actually, it's actually a crazy story. Breaking a leg is not like, a dog shouldn't just break a leg. My parents' dog broke her leg. Yeah. Like I feel like.

For doing what? She was jumping up onto the deck. Yeah. And kneecapped herself. Yeah. Sorry. Sorry. Sorry.

That sounds so painful. Yeah. And then she kind of gaslit everybody and was hobbling around being like, I'm fine. I'm fine. And we took her to the vet. Not fine. Not fine. Poor baby.

Not fine. Poor baby. So I guess like all that to say, run the numbers and don't listen to this fear mongering story. But because it might not happen to you ever. I'm glad it's on our podcast now. But new fear unlocked. Oh, you're welcome. You're welcome.

This is what She's On The Money exists for. She's On The Money also kind of exists for drama as well. Oh, God, yeah. Like we don't want to be the drama. We just want to watch your drama, which is why we do our Money Dilemma. Absolutely. And this week's Money Dilemma, are you ready for it, guys? Great segue.

All right, let's go. So we got a DM this week and it sounded a lot like this. Hi, ladies. I'm planning on moving into my boyfriend's parents' house to save some money to purchase our own property. It's so kind of his parents to offer and he thinks it's a great idea to save some cash. Whilst I understand the financial benefits of it, I'm not sure I want to share my space with my partner's parents and worry it'll put a strain on all of our relationships. I'm not overly close

with them and I would feel uncomfortable in their space. I'm also a beautician who takes appointments from home and his parents have said they don't feel comfortable with this, so I'll have to find a spot to rent to continue my work do I just suck it up and move in with them should I be prioritizing my future and financial goals even if it means I have to live in a not ideal situation for a while please send some help and then she did the like little melting emoji face good emoji for that yeah yeah perfect that's what I'm feeling what'd you do Beck it's a really tough one but I think that like you know but this is me like I'm historically and consistently not great with money and so I would absolutely prioritize my own happiness over

hitting your financial goal sooner than anticipated although I guess it really does depend on your priorities and like if that's something that really keeps you up at night or if that's something that you're really really wanting to work toward or that's you know if that's the top of your priority and you are willing to sacrifice your comfort and maybe like kind of happiness for a little while, then maybe, in her words, suck it up. Not in my words. But yeah, I would always prioritize my own comfort and happiness, even if that means that my goals are further away from me. You know what I mean? But hey, that's just me. And I don't know if I'd listen to me because I am always a little bit broke. So your turn, Jess. I actually think I

agree with you. We've answered a question very similar to this kind of recently. And I think my answer then was different because this person has the element of their home business, which our original question didn't. I think if it was just a matter of saving money, I kind of would go, yeah, suck it up for a little bit, make it work. But I think given that you're going to have to rent a space, moving in with his parents may not actually put you ahead financially all that significantly depending on how much it costs to lease a space versus how much you're currently paying in rent. So I think there I go, well, if your saving is not as significant and you think you're going to be really unhappy, I personally probably would consider keeping your current

arrangement, maybe looking to downsize the house that you're renting in if that's an option or move to a different area that's a bit more affordable to kind of meet that breakeven point. because yeah, I think your happiness is very important. And given that you are still going to have to spend money on rent, which I assume would still be a pretty significant amount of money, even if you're just renting like a chair in an existing salon or something, I don't know how much further ahead it would put you. And then if you're worried about the friction on top of that, you know, I think happiness is something that is also important. I agree. I agree. I'm going to go full finance nerd on you. Have you done the maths? Have you

worked it out what's the financial benefit genuinely what is the financial benefit so if you've sat down and done your budget for this year and you know that rent is going to cost x and you know bill's going to cost y what is going to actually be saved if you move into this new situation which yeah you're uncomfortable about it but let's put that aside for a hot second and actually just focus on the mathematics of it because that's what you're kind of weighing up anyway what would it look like to move into you know your mother-in-law's house like for me I'd be like yeah slay she's basically the female version of steve and i love steve like i'd move in in a heartbeat what a what a win but not everybody is like that so work out the financial

benefit how much would it cost to actually you know you said you're a beautician how much would it cost to rent a chair like i know that that's not putting you in the quote best possible position but i'm going to make a grand assumption that renting a chair in a salon is much cheaper than renting a whole house so you know are you doing that five days a week maybe you're doing it two or three like I don't know what that looks like do your maths and then from there go well what if we didn't change a thing what is our trajectory to purchasing a home is it like five years away what time actually gets cut when I move in okay you might go Jess it means that you could save a whole house deposit in one year oh okay that takes four years off the timeline now we're going to go

back to our values how much do you care about buying a house because Beck if I asked you you'd be like, I don't care. I want to be really comfy. Jess, house obsessed, wants to buy a house this year. We'll probably buy a house this year and that's really exciting, but she's not willing to compromise her goal. So like we need to then sit down with our partner and go, well, what do we actually want to do when it comes to saving for a house? Because do you know what's much easier? Moving in with your family if you have a really clear end point. I know that if we move in in March, by December, we're actually going to be in position X and by March next year, will be able to buy. Maybe that will change you going, you know what? I'm happy to rent a chair

for 12 months because I'm going to be in the exact position that we have been manifesting. Like we want this so bad. On the flip side, I'd be like, well, Jess, if you move in March, next March, you can buy a house and you go, oh my God, I can't believe that I would live with my in-laws for 12 months. I just can't. We need to change that because to me, same as you Beck, life's about the journey it's not about the destination and if it takes you a little bit longer where's the shame in something taking longer like you're putting these prerequisites onto yourself nobody else is saying Jess you have to buy this year the only person saying that is Jess and I respect that because I know she's really clear on her values and her goals and what she wants to achieve

so I completely support it but if she said I'm just gonna take it slow for a couple of years it's not that important it's definitely a big thing I want to achieve but like you know it doesn't have to happen really quickly. I'd be like, all right, well, these things make sense to different people. And the outcome is going to be very different for Jess as it is for Beck, and it will be for whoever's written in. So I think you really need to actually sit down, do the maths, do the numbers, and then stand back and be like, well, that's the position it would be putting me in. Am I willing to make the compromise of being a little bit uncomfortable? Because sometimes you might go, yeah, that's pretty sick. Like I'm so far ahead. I'm willing

to do that. You might actually build into that a little bit of fun money so that you go to your partner, look, I'll move in. I feel a bit uncomfortable about it because I don't want to always be in their space, but I am going to, you know, keep my gym membership because I want to get out of the house a bit more. Also, can we have like a monthly date night so that, you know, we're getting out of the house, we're having a meal on our own. I don't feel like we're always under their toes. Like what's going to make you feel comfortable about that situation? And if you brainstorm that together and then realize it's just existing in that space, maybe reevaluate and we just change the timeframes. Goal setting is beautiful because you don't have to have everything

set in stone. What did everybody else say? So we asked you guys a few questions first. We said, have you ever moved back in with your parents? 55% of you said yes. That's a lot of people. That's a lot of people. Have you guys ever moved back in with your parents? No. No. Neither. All right? Well, that was a good outcome. We said, if you said yes, did it help you get ahead financially? 74% of you said yes, saved so much money. And 26% said not really as I was also paying them rent and bills. I'm surprised that it's only 70%. Like I would have thought that the majority of people would move home to save money. Same. We then asked you guys, if yes, how did living with your parents go? 52% of you said it was fine. I actually enjoyed it. 48% of

you said terrible never again we then said have you been in a similar situation tell us a lot of people said I actually still live with my parents I'm in my 30s the key is open communication and being treated like an adult I feel like that's a really important part I hear too many stories where people move back in with their parents and their parents default to treating them like the child that they were when they were 12 next is you may be saving money but you pay with your mental health? Fair. Fair. That's a good point. Sure. Fair. Someone said, I'd either suck it up or suggest that we move in with my parents. Obviously a good suggestion if it's available to you, but maybe they're not in the circumstance where they can take you on. Someone said,

I would just want to know if the savings actually outweighs the cost of a beauty space, which is exactly what I said. Yes. Someone said, you need to really see it as an opportunity rather than a burden. What a good time to get to know them and establish a great relationship. That's cute. That could be really bonding. That reframe is really nice. I know you don't know them well, but maybe it's an opportunity to get to know them well. Yeah, that's so true.

Someone said, set yourselves a time frame for how long you're actually going to live there and try to stick to it and then make sure that you're reassessing every six months. Someone said, one thing is your parents. Another thing is your in-laws. Yeah, it depends on your relationship, I guess. with them. Some people love their in-laws and some people can't stand them. Yeah, exactly. So, and that's fine. And that's fair to take into consideration. Someone said, we did it. We knew our timeline was really firm. We wanted to spend three months with them and clarified our financial

expectations beforehand. It worked perfectly. Oh, I love that. How good's that? Someone said, I'd use the beautician workspace rental issue as leverage to not have to do this. someone said my own parents versus in-laws can be totally different when it comes to dynamic same for moving as a couple versus if you were moving home as a singleton yes which is so true right like I feel like it'd be so easy to move back in with my parents if it was just me managing a relationship and my parents and trying to keep everybody happy I don't know if that would be the same yeah so lots of people have said lots of different things some people have said yes it's the best thing ever. But then I have a comment in front of me that says, don't do it for the

sake of your relationship and your sanity. So I honestly think this is so much more about what's going to work for you. Like, what does your journey look like? What are you willing to compromise? Because a lot of us are willing to compromise a little bit. A lot of us are willing to compromise a lot, but it's not the same for everybody. Yeah. Agreed. But I think that's all we've got, my friends. I think we're wrapping for the week. I feel like you and I, Jess, need to go We talk more about Taylor Swift, refine our costumes, talk about bracelets. Like, we've just got heaps to do, Bec. I mean, you can go back to work, but Jess and I are, quote, working from home.

Of course. I might respectfully bow out of that conversation. It's okay. Sorry you're too cool. Sorry. We will tell you all about it next week. Oh, my goodness. I can't wait.

See you guys. Have the best weekend, Swifties. Bye. Bye. 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

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