She's On The Money - Why You Feel So Bad About Money (and Why You Seriously Shouldn’t).

Episode Date: May 15, 2025

It’s one thing to feel bad about your own money decisions… but what if it’s your parents making you feel worse? This week, we’re diving into why family opinions about how you spend, save, and handle your money hit harder than they should, and how to shake off the guilt so you can make decisions that actually work for you (not just to keep the peace at family dinners). Then, we switch gears and tackle a huge financial decision selling your home. What are buyers actually looking for right now? And when your real estate agent offers advice, should you listen… or trust your own research? Plus, the usual chaos: slightly rogue broke tips, some brilliant money wins, and a very important conversation about whether IKEA meatballs count as financial self-care. Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here. Join our 300K+ She's on the Money community in our Facebook Group and on Instagram.  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 that makes finance fun especially on Fridays. It is our favorite day of the week because we get to get our little team together and celebrate you. How incredible she's on the money community. As always, we have Miss Jessica Ricci here sharing our favorite money wins from the week. Miss Bex Syed is sitting very pretty today. You look very ready to go. And she's got three surprise broke tips for us. We are also going to be helping to answer our money dilemma, which this week is all about being money shamed by your parents and something that you slid into our DMs about whether you should trust an expert's advice you don't agree with when it comes to selling your house. Who's that real estate

agent really work for? Interesting. Anyway before we get there guys how have your weeks been? My week's been good. Nothing exciting to report except I got a parking ticket. No you didn't. was that last week while recording the podcast yes it was oh my god why why are they so on it well that's the thing is i missed it because obviously when we're recording it's like well we record till we record so it wasn't even like a big window and they somehow snuck in and got me i would be saying absolutely not i was not there goodbye yeah sorry i mean it's worth the fight for 99 you may as well just say something happened yeah give it a crack Sorry, I was spending too long at 7-Eleven picking out my favorite sushi.

Yeah. Oh, I'm sorry. How annoying. It is annoying. Did you get any parking tickets? I didn't. No, I didn't this week. I love how you have to properly reflect.

What do you mean you usually do? I'm sure, like I got one not long ago. Beck. I did try and find it. I haven't heard back yet, so fingers crossed. Beck, how many outstanding parking tickets do you have at the moment? honestly and I know it's quite stressful but I don't I have no idea I don't even know where to start I but I know I have one and I've left it too late do you still not pay that yeah um so I

went on the website to pay it and then it said I couldn't pay it which means I've left it too late now I'm just waiting for them to reissue it because I know that it's gonna have like well this is the thing like I'm not that good at money guys um if you wait for it to go to Vic Rose obviously there is a fee but then you can pay it by installments so that is always a good option and you can pay it as long as you pay it within 10 years apparently so you could do like one dollar a month for the rest of your life if you wanted to anyway that is terrible advice terrible advice but you know what you gotta do what you gotta do exactly but no my week has been really lovely nothing no more parking tickets that she's aware of yeah no it's not that i'm aware of i'll be

getting one right now as we speak, but I know I said I would make up some juicy goss, but I feel bad lying. So it was a smooth, easy, fun, gorgeous week. I love that. Just the way we like it. Yes, exactly right. And you? I'm still dreaming about Jessica's cookies. Oh my God, same. Yes, that never goes away. It's just been a constant in my life, but that's okay. I don't have anything that interesting, honestly. I feel like Mother's Day has come and gone and that was really cute. you know, obviously Harvey went all out. Of course. He definitely planned all of those things and my husband had absolutely nothing to do with it. It's weird how like sentimental I get now around Mother's Day. I'm like, oh, I, is this how my mum felt about it? Sorry about the crap cards

over the years, mum. So that was nice, but nothing to report really. Would you like to have a little five-star review. Yes, please. So are you ready? Okay. I have one and I think it's really cute. It's from Rebecca R. Five stars. It's now part of our weekly routine. I found that she's on the money podcast after having my little boy a year ago. The girls are now part of our weekly routine and my son bops along when he hears the intro music. Thank you for taking me from feeling anxious and uneducated about the complexities of money to confident and informed. The warm personalities of all of the girls and their funny banter makes for great listening on all of our pram walks and car trips oh that's lovely guys oh how cute it's so cute and welcome to the world

little little friend i love it you're about the same age as harvey um i'm wondering do you reckon you know how they say you should really talk to your baby all the time like it helps their language develop apparently not mine but it helps their language develop do you think i could just play my own podcast maybe I think so but also like maybe they need to see the mouth movements I don't know oh yeah great point I don't know but then you just chuck the telly on I am not gonna lie it has been a fair few years since I've been willing to listen to one of our own podcasts my own voice still surprisingly gives me the literal ick I get it um and I can't think of anything worse than having to listen to my own podcast in the car like I would prefer to sing hop little

bunnies hop hop hop like that many times or even just like the happy song by image and heap like on repeat it just exists in my brain on repeat like i can sing you that whole song end to end and i can repeat it if you want me to yes please they're glad that little rebecca jams out yeah thank you little mini rebecca mini rebecca mini rebecca all right guys i want to know miss jessica what are our favorite money wins of the week all righty this week my first money wins from mim who said she found an email from mecca in her junk she had a 50 voucher from beauty loop for her birthday oh what a reminder they do i'm so sad they brought it in just after my birthday last year but they do give vouchers now excuse me such a good birthday gift because my birthday is coming

up next month for mecca if you're listening i would love a little voucher you should get one in your email mim said that she redeemed it on an in-store facial so they're normally 120 but she paid 70 out of pocket but then the mecca beauty services are redeemable on product so she basically got a free facial and 120 worth of product for 70 dollars great great one from mim next i've got a money win from sue who said she was debating buying herself a ninja creamy to make some protein-based ice cream treats and she realized she had enough anz points to buy an amazon gift card so she bought the ninja creamy on amazon and she also used shop back to get some cash back on her purchase plus apparently for some odd reason the fancier model was selling

for the same size as the regular one so after all of that she only paid nine dollars out of pocket for her ninja creamy oh i love that very impressive one way to guess is like please tell me how to get a ninja slushy genuinely next i've got a money loss from ali she said money loss arrived in japan but i'm not mad about it which i just thought was funny i feel like everyone's in japan and it is a money loss because you just want to buy all the cute things there I feel like when you went to Japan, that's all you did. I loved it. I spent all my money at 7-Eleven and on Sunny Angels.

No, you didn't. You also spent a lot on skincare. That's true. And you have arguably the nicest shampoo and conditioner as well. It smells delightful. And then lastly this week, I've got a double whammy from Wanda. She says money win and loss is me realising I have dyscalic... I need to Google how to pronounce that.

Would you like me to have a look? Hang on. wait let me just plug it in it'll tell me no this is funny please sam don't edit this out i don't want to say it wrong where's the pronunciation what doesn't jess want to say wrong she won't even show us the word we can't even attempt beck it's shy all right we've just got to believe her she's gonna say something now believe it no we're keeping this is the word give it your best go let me see hang on oh yeah i can't even read that far do i need glasses dyscalculia dyscalculia actually quite close it's dyscalculia according to the internet

which is a neurological learning disorder so one has been diagnosed with the word that i just pronounced sorry is that dyscalculia not according to the internet oh okay is is that the one where you're bad at numbers. Dyscalculia. Dyscalculia. Okay. Maybe it is the same thing. It's the one where you can't. It is numbers and math. Yeah. It's like being dyslexic, but it's for numbers. I see. I see. I see. I didn't know it was called that. There you go. I mean, dyscalculia is much easier to say. Either way, Wanda's been diagnosed with this and she said it's explained to her why she's been recently struggling with her finances. She said it inspired her to find a simple way to track her spending and get back in control so she can tap away at all of her goals maintain her

emergency account pay extra on the mortgage etc she's just using an excel template but then she copies and pastes csv exports from her bank and stuff like that but just i thought really cool to go oh like sometimes when people are having a hard time it's not just because you're bad at something it's because there's actually something going on there's a little bit of neurodiversity and you just need to learn what workaround works for you yes that's a good one to end on miss Jessica Ryuchi. Miss Bec Syed. Yes. Have you got some broke, broke tips for us? I certainly do. I heard you talking to one of our producers earlier about unethical life tips. Is that going to go into the broke tips of this week? Not yet. Not yet. I think it's a slow and steady ease.

I like it, Picasso. But also let's make sure they're legal. So what three legal broke tips are you bringing to the table this week? Well, also just really quickly with the unethical life hacks. Just really quickly, they might be unethical, but they work. Sometimes you really are just trying to survive. Oh, no judgment. But, like, we're a platform, Bec. We can't be posting unethical life hacks because that would be unethical of us.

I don't judge people for doing it. In fact, sometimes I'm like, wish we could share that on the pod. That's kind of funny. Exactly. Well, survive, but don't harm anyone else in the process. We see you. we aren't allowed to amplify you at this point. At this point in time. So the first one comes from Cordelia. This one seems like Cordelia is a beautiful name. It makes me think of Buffy.

Yes. It could just be, you know, of say common knowledge, or maybe we've even mentioned this a couple of times, but I think it is helpful. If you pay with cash, it does stop the mindless tapping. But also at the same time, if you are paying in cash and you don't have access to anything online, that also stops you from buying online and finding something like you just, you know, when you're scrolling through Instagram and you're like, oh my God, you can't pay for that in cash. You can't do any impulse purchases. Also because it is physical and we have said this before, it does, if sometimes it feels harder to physically part with the money. So I think that is a fantastic tip. This next one is Ikea do 50% meals on Friday and $3 for brekkie and unlimited

refill coffee. I'm sorry, what are you saying? Half price meatballs. 50% meals. The meatballs live rent free in my brain. I know. Do you know you can buy them frozen as well? Have at home? Can you? Yes. Yeah, you can. Yes. Yes. From the little cafe out the front, you can buy them frozen you can get the gravy you can get the red jelly stuff it's lingonberry by the way and they also do the mashed potatoes but I would just do mashed potatoes at home yeah yeah but you can get the meatballs in fact I really want to go get them now because now we're talking about them and I'm low-key really hungry lunch trip to Ikea everybody are we allowed it's quite close to our studio yeah it is so close is that like can we use that as our lunch room yeah yeah why not

Meatballs for all. Obviously, my one is next. So it is similar to the first one I mentioned. I have realized because I created a new bank account to put my savings and also direct deposits in. I just like, and I don't want to look at it. She's a finance queen now. I am a finance queen now.

But I noticed that because I'm like mentally really lazy, I don't know if this will work for anyone else. But as soon as there's like two-factor authentication or authentification. Authentication. Authentication. I don't know where you get the second F from. I don't know where the F comes from. Authentic.

Authentic. Yeah, okay. Well, they ignore that one. Moving on. She doesn't like two-factor authentication. No, and especially in particular if you have, you know, when you have to download Microsoft Authenticator. Oh, like a second app.

Yeah, you get a code. If you put two-factor authentication on things that you do not want to access, including like a savings account or let's say like a place like, you know, ASOS or Depop or something where if you just, whatever has the ability for you to put your 2FA on, put it on and you might find that your spending or even like tapping into those savings really decreases. Because if you're anything like me, as soon as it says retrieve a code, I'm like, I've already gotten distracted. I already just cannot be bothered. I just think it's a great way to like give yourself that extra time to not access those things so just try it

really good extra buffer yeah it's like probably more of a neuro spicy thing because there are going to be people listening to this going what is your problem with doing two-factor authentication yeah maybe like it's for your own safety it's for this nah more admin less interest if you're neuro spicy nah i've got adhd sorry not interested anymore you you mean i have to go find my phone Absolutely not. Exactly. That idea is out the window. Yeah, absolutely.

Not an option. Thanks for trying though. That's it. Nope. I get it. I get it. It's like your broke tip the other day was like, don't have the credit card information autofill.

Yes. Yeah. Like me, I'm not getting up and going and getting my credit card so that I can make that purchase. In fact, I don't even want that purchase anymore. At least I've learned mine. I've got it memorized. Yeah, absolutely not the same.

Unfortunately, it's memorized. But if you try and forget, then that's where you wait for your credit card, like validity to end. And then they give you a new credit card and then you're golden for a while there. That's true. So that's me this week. I love that. All right. Let's go to a really quick break because on the flip side, I want to jump into having a chat about what to do when your parents money shame you, which is, by the way, really rude.

So spoiler there. I've got opinions. And then something that you slid into our DMs about, we're chatting about whether you should trust an expert's advice that you don't actually agree with when it comes to selling your home. 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. Hello, hello, hello. So I'm currently in my mid thirties. Well, 36 lightsaber 30s anyway i just got back from overseas and spent all my money while traveling and so i've come back for no money now obviously i feel ashamed about that and my parents keep shaming me being like how many times you're gonna do this and i do feel like i've got this negative money mind story that i've convinced myself that i'm not good at saving money like i'll save money for like a year and then last year I got my redundant so went overseas and spent my redundancy

money I did try to have some safety money there but obviously just got carried away with life of traveling as I love it and then yeah once again come back to no money and I think my parents say you know how many times are you going to do this or you're in your 30s and you're doing this like you know how many times are you going to get yourself into a position where you're not saving you're spending money and so yet I felt shamed I felt really embarrassed I feel really like I guess useless for that or like I'm failing and so I just want to help get that money mine reset and not associate myself with that so I can just stay on track and hopefully have a better money story and give it better that breaks my heart like literally that makes me feel so awful

for you and like thank you for being so open with us because to say oh I'm really embarrassed I really feel bad about this that takes a lot to even just like reach out and be like I kind of need a little bit of help here one thing I will say is I can almost guarantee if your parents heard that audio clip of you going oh I'm feeling really embarrassed I'm feeling really ashamed they would feel really ashamed because I don't think and I'm this is maybe benefit of the doubt I don't think your parents realize how they've made you feel. Like, and if they have, like they owe you an apology, but can we just zoom out a little bit? So you're telling me that you got made redundant and then you went overseas and probably have created all of these beautiful

core memories and had the best time. I'm sure you have all of these great friends and experiences and things that you've done. How many more times am I going to do it? Mom and dad? Endless. If it ends up that way, like I had a really good time. Like, don't get me wrong. Like I can see that you want to change your money story. And like, there is a way that we could do both, right? Like there is a way that we have savings and we have, you know, an emergency fund to fall back on. And we have all of those things, but they come from education. And like, I'm sorry, are your parents shaming you after not sitting you down and teaching you how to do these things? Sorry, you're telling me that I should be, when are you going to get your stuff together? I don't know,

Karen, when are you going to teach me? When are you going to sit me down and be like, hey, like, I'd love to show you X, Y, and Z. No, no. Bec, how do you feel about this? I just like, I'm hearing this and I'm like, man, it is wild that we're here and we do talk about this, but I'm like, why is there just this like template of how we should and shouldn't be living? Some people just don't work like that. Like I don't have the natural organic motivation to save for something I do not care about. Every single waking second is dedicated to being excited and living life and having fun. And that should be just as valuable as saving money because it is very impressive. Like Jess Rickey, you are such a good saver. You're so good with money.

That is extremely impressive. And there is myself and some of my friends who are living life and doing crazy things and just like going out and getting like making all these beautiful memories and that is cool and that is fun and I'm just like I don't know where this comes from I understand that you do need for like safety reasons an emergency fund but when you're ready you'll figure that out and you'll also find a way that works for you because personally for me I've been on this podcast for like three years now and I still do not have in three years I feel like holy guacamole like two and a half no no no no like I'm not questioning it just you feel like you've always been here but then also time flies when you're having fun exactly right and i still

do not have an emergency fund but i realized once i started like investing that that is for some reason there's a part of my brain that cannot touch that money and so there's like almost six hundred dollars now in in investments oh really it's not i'm just so excited about this i'm just so proud of like the beck you've become thank you but you know that's that's what i mean like is it like that works for me and that's money that i just feel like i can't touch for some reason, but if that was in my savings account, it would not exist anymore. But the journey here has been fun. I've connected, I've bonded, I've made friends, I've done wild things. And I just, it is embarrassing. No, it's not. No, it's not. No, but it feels embarrassing when you're on the...

A hundred percent. It feels it, but it is not embarrassing. You're allowed to feel embarrassment, but that does not mean that it is an embarrassing thing. No, it feels embarrassing, but it also feels deeply unfair that there's this, this, this like base level template for how we think and feel and how we're meant to live that doesn't fit everyone it actually I don't think fits a lot of people and we just we just blindly accept it and we live like that and it makes some of us deeply miserable but sorry that's just how you're meant to live and no it's not like I agree with you that that exists but it frustrates the hell out of me that you can't just be happy. Like people are trying to tell you how to live in line with

their values and like, don't get me wrong. I'm so opinionated, but like, I would like to think that it's on the things that aren't about you making the decision that is in line with your genuine thoughts and values and beliefs. Like, and it's like when we were talking about politics, so like the election has come and gone and throughout that process I literally kept saying like because people would message me like oh who are you voting for what are you doing and I'm like I'm not even sharing that because I just don't want you to think that I would judge you for voting any differently like if you vote the same great I'm sure that people could probably like clearly and very easily speculate who I voted for I don't think that if you consumed all of my content

you wouldn't be able to guess that but I also go but I don't care who you vote for what I actually care about is that you voted in line with your values like have you spent the time and the energy to work out like what you like Beck and like what things align with that like that's all I care about are you living the best life for you and it's like when I say oh Beck I'm so proud of the Beck you've become it's because past Beck would have been like oh my god like Beck's still having fun but she also feels a little bit more financially secure and how sick is that like it's not because you've adhered to somebody else's values or copied my investment strategy or whatever it's because you're living in line with the values that you hold and that's so freaking

cool thank you but like that's what we want for our community I don't want you to feel judged by parents who are living a lifestyle that you probably don't even want exactly do what makes you happy. Karen, I don't actually want to live like you. Yeah, I completely agree. I think that Becky, you're so right that there is so much value in non-traditional pathways. Like there is seeking joy from your life is not a bad thing. And if that means that you're going against the status quo, like I think it takes a lot of strength actually to do that. I will say that I, I suspect that your parents' conversation is coming from a place of concern for your future stability. And I understand that. Like I was someone we've said on the podcast before,

like I would travel and come back with like literally no money at all. But like now when I reflect on that, I go, Oh, on some level, I wish that I did it differently. I don't regret traveling at all, but I do wish that I had more financial literacy, which at the time I didn't doing like, yeah, but you don't know what you don't know. Right. Correct. I don't think it's cool the way that this has come about. And I'm so sorry that they've made you feel this way because you absolutely shouldn't. But I do think it's cool as someone who had that experience myself, that you have come to a place where you're like, I want to know more so I can create something better. And I think that that's really awesome that that's how you're feeling. And I just want

to say that you can have both. Like you can still do the things that you value. I have still traveled even when, as you said, I'm quite a good saver. I still travel. I still do things that bring me happiness while still working towards my financial goals. You don't have to entirely sacrifice one for the other. But I would say that my worry for you, which is my worry for you too, Bec, is I always just want people to have an emergency fund. I never want someone to be in a position where, you know, if you are overseas and you got injured or if you were at home and you suddenly found yourself without somewhere to live, like my worry for anyone, but for women especially, is that they find themselves in a situation they can't get out of because of money.

And so I think it's exciting that you're entering a phase where you kind of want to start working on those things, because having a level of financial security is also very freeing, I think you'll find. I love it. I think it's about just living in line with your values. And like, if I reflect on, you know, your journeys, and even my journeys, I know that financial literacy would have meant that I could have just been less anxious, and less worried about things like Beck, I'm sure that if we go back to all the times that you've had, you'd be like, no, I don't regret any of them. But if I go, okay, cool. But if we thought about money and the relationship you had at that time, you might go, oh yeah, it was a bit angsty, but I was still having a good time.

That doesn't invalidate the fact that you were having a good time. It's just like, imagine if you had an emergency fund to go through that journey with as well, it might've made it even better. And the same with you, Jess, like coming home from overseas, and we've talked about it. You came home with like not enough money to buy a Mars bar at the airport and like, that's fine. But I can almost guarantee that that version of Jess would have been so much more comfortable flying back into the country with enough money to buy a Mars bar. And it's like not even the fact that it's a Mars bar, it's just like knowing that you've got the financial backing to make the decisions that you want to make. Absolutely. So I guess that's a good place

to wrap that one because I want to dive into the next one because we got a DM this week. Are you ready? Ready. Hey, she's on the money. We're selling our townhouse and need a second opinion. It's 13 years old, so bigger than the newer builds, but it's dated compared to what else is on the market. Our real estate agent reckons we need a good coat of paint and new carpet to get the top end of what similar properties are getting. My partner is happy, but I'm not convinced. I can't see how we're going to compete with the modern places without doing something. The range of what similar properties are selling above for is between $150,000 to $200,000. dollars. So to me, it's a worth the investment. Not a full reno, just a few cosmetic updates to

make it feel less tired. He says buyers will do their own renos anyway, so we'd be wasting our money. I don't want to overcapitalize, but I also don't want to leave money on the table. Would you go with the agent or trust your gut to modernize it before listing it? Let's ask Jess to begin with, because Jess, you are in the process of like looking at different properties. And I mean, if a property is $150,000 to $250,000 over because it's quite more modern, I'm assuming that you're purchasing properties over a million dollars. Is that a fair assumption? Yeah, I would say. Yeah. So like, let's pretend it's not $150,000 to $200,000 like in your price range. Let's just

pretend it's a bit more. Are you preferring like modern properties over like more dated ones with bigger rooms? Like what does that look like for you? I personally, my preference is for a modern finish, but I'm also very open to renovating myself when looking at established properties. I think like the biggest thing that your buyers are going to be looking at is the floor plan, the configuration, which is something that you can't change anyway. Like for me personally, I know that you can make cosmetic changes yourself down the line, but the things that I care most about if I was to buy an established property is the structural things, like things that I can't change would be very expensive to change.

What's the height of the ceilings? What's the configuration of the floor plan? Like those sorts of things, which are things that you wouldn't be changing regardless. I think that, so when I worked in real estate, coat of paint and new carpets is something that we would tell most people with any kind of damage to those things. You'd be amazed at what a difference a light coat of paint. The feeling as well of walking into it feeling fresh. A hundred percent. I think that there's a lot that you can do relatively affordably. So you could probably look at updating, potentially painting any cabinetry that you have, depending on what it looks like or restaining it. A lot of older properties have maybe a darker wood.

You could look at sanding it back or something like that. Changing your fixtures, handles, stuff like that to a more modern option as well. Maybe from like a little round knob to something more elongated. There are lots of changes that you can make that would be very affordable. Wouldn't take you a lot of time, but might make a difference. The other thing we used to recommend a lot when I worked in real estate was staging. Staging makes a huge difference. And we saw this my really good friend sold their property not too long ago and their house was smaller than a lot of the other properties on the market but it was by far the most popular in terms of people who came through and it sold for like $35,000 over what their expectation was. Oh that's so good. And I

think it's because they had styled their property really beautifully themselves like it was already they didn't hire a stager it was just they already had like a nicely furnished finished home. Yeah And a stager is what, Jess? Because people might be like, sorry, what's a stager? So you can have someone come in and they will stage your house so they can bring in furniture or just furnishings, like soft furnishings, curtains, things like that to style your home. They make the house look really beautiful.

And I would say that it is absolutely worth the investment if you do not have the stuff to do it yourself. So if you have a house, if you take a personal interest in having your home looking nice. Jess's house would be so easy to sell back. but if that's something that's already a priority you've you've got it styled or it's got a particular theme it's not as necessary but if you're someone i think like boy pad like i've just got a very basic ikea coffee table like do you know i mean no no styling things no blankets

no pillows no nothing it might be also ryan's house from maps yes oh yeah that's the vibe so we would we would stage his house i would probably look at staging it because you would be amazed at what a difference expensive makes it can be a couple of grand but i reckon that's an investment in getting more money true true true yeah because you would stage before you take your photos and stuff typically true so your property listing online all those sorts of things would you can just pretend that's what you usually live like if you want yeah yeah they can use ai nowadays i've seen a lot of people do that should be illegal sorry which i don't like you know what sometimes they do it and it's really hard to tell but then the thing is is when people come through to

inspect the property. They're going to see it in person. Yeah. It can be a bit jarring if it doesn't look the same. Yeah. I'd be like, where's that room with the beautiful chair? And then the chair doesn't exist. Yeah, exactly. So I would also look at, you might not even need to renovate, but maybe staging, whether you do it yourself and you purchase things that you can then keep and take to your next home or salon, or whether you bring a professional in to do it might be a good way again to make things look a little more updated without having to fully renovate. Yeah. beck what are you doing to your house that you want to sell god i'll tell you what i don't think i'll ever be in this predicament but i think i would do exactly what jess says i'm just gonna

so so your advice is just call jess up just do what jess would say exactly because i'm thinking like if i was gonna buy something honestly like the this is not at all what our listener is asking but if it means that something's a little bit cheaper but it's a little more on down but I can actually afford it or someone that who is has just saved enough and they can't afford too much and it's their first home and they're like oh this is a bit run down but hey I can afford it I don't mind I'm like I I would be happy to just leave it as is so I was just in case that that is the case but um yeah I guess probably like exactly as Jess says like even like yeah just like little things like maybe like the the taps or yeah like the door handles and things like that like little

things make a big difference. One thing that always turns me off for some reason is like those wardrobes that have like the really flimsy wooden shelving that for some reason, always like, I'm like, I don't want that. And I don't know why, but so I don't know how cheap that is fixed, but if you just get those, like, I don't know, just kind of fix the little things up, things that are fairly cheap, fairly quick, fairly easy. Yeah. Go for it with the new paint, new carpet and see how you go and see if you like it if you like it after like the staging and the the new paint and all this and you're like this is now doable and is it possible to just like put it up for a few months see how you go and if it doesn't do what you expected then do renos then is that

allowed it depends on if you're going to auction if you're going to auction you have to set a reserve a price that you're willing to sell it for if you're selling it privately you can still have that conversation with your agent and say, oh, I'm not willing to sell unless it's X, Y, Z. Fair. I'm going to be a little bit controversial and say in this instance, I feel, before we get to the group chat, that I actually trust the real estate agent. That is going to be a little bit spicy. But the reason I trust the real estate agent is because you've said that the difference is between $150,000 and $200,000. And real estate agents get paid a commission based on how much a property sells for. So in Australia, the most common commission that will be payable. So you

sell your house, 2% of that purchase price is usually the commission that your real estate agent is going to make. And then of that commission, a real estate agent is usually going to like the individual is probably going to take like 40%. And then the agency, so like the agency that they work for usually keeps 60%. They can slide up and down like different horses for different courses. But the difference between a house selling for $750,000 or a million dollars, which is like 250 grand, is going to mean a difference of like five grand. So like instead the agent for selling your house at $750,000 would get what, six grand. But if they sell your property for a million dollars, they're going to get eight grand. That's like $2,000 difference.

and that's a lot of money. Like, so if you're talking to your real estate agent and you're like, Hey, like, should I restyle this property at my own cost? If I was the real estate agent and I genuinely thought I'd make more money by you doing that, I'd be like, yeah, Jess, please go spend all this money restyling this property or doing all of these cosmetic changes. It makes sense. Um, you'll get more money. Cause like there's no comparison, right? Like if you don't get more money, they'll be like, well, that's what the house was worth. I'm glad you invested it because you would have got less. Right. But if I didn't believe that and I was like, oh Jess, please don't go and bother with that. I'm seeing properties literally sell for

the same, whether they've been cosmetically updated or not. I'd probably be like, yeah, that seems pretty fair. Like, because you would know the area and also your money's on the line as well. If I do these cosmetic updates and they're the reason we get more, you're going to make more money, but you're saying it's not worth it. So I kind of err on the side of feeling like the real estate agent makes sense. And like that real estate agent is working for you as the seller. Yeah. And I think a lot of the time we need to remember who that professional works for because the real estate agent isn't working for the buyer. The real estate agent is trying to get the most amount of money out of the buyer for the seller because they make money that way. So that's where

my, I guess, brain would sit on that. We also asked the community, we said, would you trust the agent's advice. And 55% of you said I'd get another agent's opinion. Fair, because like same. 32% of you said, yes, they know the market. And 13% of you said, no, I'm going to trust my gut. We asked, do you think when it comes to property presentation sales is actually true? 46% of you said yes. 28% of you said, oh, only to some buyers. And 25% of you said it's going to really depend on the property. And then we asked, well, what's your two cents? My favorite comment that I'm going to read out first says, well, you're both right. Yeah. Okay. And I mean, it depends how much those cosmetic upgrades are going to cost you, right? Like if it's little things you can do

here and there, absolutely. But like, if it's going to take weekends and weekends of repainting the whole kitchen in the hopes that that happens, I promise like when I have purchased property and I walk into the kitchen and it's the wrong color. I'm like, cool, that's easy changed. Let me see the floor plan. Let me see the house, like their room heights, et cetera. Someone else said, I recently purchased a $900,000 property, spent two grand on renos and it just got revalued for a million dollars. There you go. And that's the thing is like, it can make a big difference without a big investment. Someone else said it can actually be really hard for people to visualize a home's potential. So I would do enough to make sure it looks good. Another person said,

I'd rather have the blank slate to make a place my own. Just make it really clean and we're good to go, which I think is really good. I have a three part one. So someone said, I specialize in this. If the gap in the market is big and you can do the renos under that, it could definitely be worth it. Not only more money, but it makes for an easier sale. Eliminate as many buyer objections as possible and you will attract the most buyers to have competition and sell the property quickly. Yeah. Which I think your friends experienced, right? They had multiple bidders that all wanted the property. And then I've got a couple more. One person said, I recently bought an apartment and I actually only considered the properties that were ready to move in and had no

changes. And then someone said, I don't want to buy a house for $100,000 more just because it had a cheap $15,000 facelift. There's really two sides to the coin, isn't there? Yeah. It just goes on and on doesn't it so that's it from me i hope you guys have a beautiful weekend and we'll catch you on the flip side bye guys 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

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