She's On The Money - Would You Pour Your Savings Into a House That’s Not Yours? And Is Chasing Money Really Worth the Burnout?

Episode Date: May 22, 2025

What would you do if you had the chance to build your dream home, but your name wasn’t on the title? This week, we’re unpacking a dilemma that’s equal parts dream opportunity and legal nightmare. Plus, we hear from a listener who is pushing herself to the limit because the money is just that good. But what happens when the hustle leaves you physically unwell, emotionally drained, and one shift away from total burnout? It’s a classic Friday Drinks: a little bit unhinged, a whole lot real, and packed with the kind of fun that still makes you smarter with your money. Sort your insurances with Skye Wealth. 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 personal finance fun, especially mainly on Fridays. Welcome back. It is our favorite day of the week. because we get to get our team together and celebrate you, our incredible She's On The Money community. Miss Jessica Ricci, she's here with our favourite money wins of the week. Bec has gotten it ready. She's got three broke tips for us. And we're going to be helping to answer a money dilemma,

which this week is all about what do you do when chasing money starts affecting your health? And something that you slid into our DMs about, what do you do when pouring your savings into a house when your name isn't even on the mortgage? All but before we get there, Miss Jessica Ricci, Miss Bex Syed, how have your weeks been? Nothing very exciting this week, just plodding along, live life loving. Any arts and crafts, any side projects? I feel like you've always got something on the go, Jessica.

Yeah, I'm trying to, I don't think I do at the moment. What about the sewing machine? Where's the sewing machine gone? I did think about this very recently. I was like, oh, I've done that thing where I like got the hobby and then didn't. But I want to sew myself a new tote bag for ballet. so that's I've cut the pieces I just need to sew the piece okay oh we're halfway through a project but I also think a sewing machine and that skill yes it might have been a hobby but having it means like you can whip it out you can hem some pants totally I feel like it's a good investment it's not like my polymer clay addiction um where I went and bought every single color of polymer clay

and started making these teeny tiny little um jelly cat like creations and that's been good But, like, I haven't done that in a long time. Yeah. So, yes, that's a bit different to the sewing machine. But it was fun while it lasted. Look, it was fun while it lasted. And I'm sure I'll go back there at some point. I just like that I can, like, literally copy things.

Yeah. Anyway, don't come for me and sue me, Jellycat. Like, I can't afford your soft toys anymore. Like, what the hell? Why are they so expensive? So expensive. It's a soft toy. But they're so cute.

They're so cute. There's a little fuzzy peach one that I want to get for my desk. i'm like it's so on brand i tried to buy that for you the other day and it sold out the 2025 fuzzy peach one adorable i saw it in the shop meek meek meek in chadston and i remember being like oh my god that is so jess i should get that and then like didn't think about it and then i was like nah i am gonna go back and get that and it was like a week later and then we're like oh no we sold out of that so quick and i was like this is my life mission i will turn up with a fuzzy peach for you at some time.

That's very kind of you. I will. I will have it. I promise. Is everyone waiting for the mozzarella ball to come out? Oh, my God. The pasta one? With the little, not the pasta one.

It's got like a little beret. I think it's made of. I haven't seen it. Stop it. It's a little beret mozzarella. I can't really remember what it looks like now, but I've been waiting for that for like a year. You know what I was thinking about?

Jelly cats are the modern day beanie kid. They totally are. I was a beanie kid kid. I had hundreds of them. Bec, you didn't come to the She's On The Money Christmas party, but I don't know if we told you that we did a Pass The Parcel. Oh. Because, like, at the She's On The Money Christmas party,

like, we don't just want to sit there and formally talk about our work performance. Like, we had fun. We did Pass The Parcel, but in every layer of the Pass The Parcel was a jelly cat's key ring. It was so good. And then in the middle there was a big Christmas-themed jelly cat. No.

Yeah. It was so fun. Oh, my God. I was kicking myself. Someone was, maybe it was you, right? Someone was like, I ended up with two. So maybe you should have the other one. I think, yeah, you end up with two.

I have the crystal on my bag and then I have the turtle, which I actually think is very on brand. His name's Timmy Turtle. He's got like a grumpy face. I'm going to bring it for you next week. I reckon you'll love it. You could sell it. It's so nice of you, Jess.

It was meant to be for you. That is so cute. You're so cute. Thank you so much. But we did have a parcel parcel and it was a lot of fun. It was the best thing ever. It was actually very funny though. I'm throwing our producer, Emma, under the bus

because I don't think Emma understood how cool Jellycats were or that there was like a cult following and she got the big one in the middle and everyone was like, oh, it's the like limited edition like Christmas tree. And then Emma's like, cool. And I was like, no, Emma. It's wasted. Sorry, Emma, I'm just kidding.

I promise. We love you, Emma. We love you. She's in the room with us so we're not like throwing shade while she's not watching. But would you guys like a five-star review? Yes, please. Absolutely.

I'm ready. this person's username. She's on the money fan girl. Oh, life changing podcast. I started listening to she's on the money during COVID and binge listened to all the episodes I had missed and Vic and team, you have truly changed my life. Thanks to Vic's advice on one of the earlier podcasts, my husband and I made the decision to take out additional insurance, AKA I forced him one day because he was a typical tradie that thought he was invincible, hoping we'd never I have to use it. Sadly, my husband was badly injured at work, but one of the few silver linings in such a tough time was that his TPD insurance was paid out. Because of that, we are

now a young family who is completely mortgage free. My husband is still recovering, but this has helped ease our stress immensely, meaning we can focus on him rather than having the added stress of, can we afford to pay our mortgage over this expensive time in our lives? I'm really sorry to hear that. That is so trashy. And like, I love that you shared that because insurance to me is so important. Like when I was working as a financial advisor, you say the worst of the worst, like it's everyone who says this will never happen to me. And like invincible tradies all say, I'll be right. It'll never happen to me. But then something does happen. So get your insurances in order because like as much as I want none of this to happen to any of you when you write in and say

we listened to your podcast and we were covered for that girl you're mortgage free like the stress that would have lifted oh I love that for you at the same time as hating that you had to go through that yeah sending lots of love to you but thank you for that review that was so kind yeah thank you so much and if any of you want to get your insurances sorted I'm going to put a link in the show notes to Sky Wealth because they are going to get it sorted for you in a very cost-effective way. Anyway, moving on, my friends, it's just greasy. Can we have the money wins of the week? Absolutely. You can. Firstly, this week, I've got a money win from Maddie who said she asked her private health if they could offer her any deals as Bupa were currently running a six weeks

free. Someone mentioned this in the group. She saw it. So she hit up her health insurance. They gave her 12 weeks of health insurance for free. Excuse me? She said it saved her 1800. That's a whole month. Isn't that crazy? So, again, reminder, ask, you know, mention maybe that Bupa are running that promotion, see what you can get because that is wild. Yeah. Next, I've got a money win from Jess.

Excellent name. She said she went to wash her car on half price day to try and save some money. I didn't know that existed, but, like, cool. Because it's so expensive. It is very expensive. But Jess drove into the bay and the timer still had 30 minutes on it, so she washed her car for free.

Oh, God, that's good. my whole brain as somebody who lives on the peninsula when she said I drove into the bay I'm like what'd you do that for right like this like you drove into the ocean yeah that'll clean it well I have a very a very good example of that for our next one I've got a money win from Wanda who said definitely a money win I was in a coma over my spending and transferring too much out of my emergency fund into ETFs I've been more mindful this month after exporting my transactions into a spreadsheet and have managed to halve my spending mostly just by being mindful on spending food. And now I can focus on rebuilding my emergency account. But Samantha commented under that and

said, I didn't read the whole post and just read coma and thought, yeah, that's a good way to save money. And that made me giggle. Was she actually in a coma? No, no, no. So she is just a turn of phrase. Like I was in a coma. I was sick over my spending. I see. Wow. Yeah, that got me too. I was like oh my god that's hilarious well i guess you can't it's very me coded like just skim reading something and being like whoa next i've got a money win from cassandra who said she got petrol for a dollar 52 per liter which she included four cents off the majority of places at the time in the area where a dollar 75 at least a dollar 52 it makes me cringe though because i now i'm like wow a dollar 50 that's so good i remember when i wouldn't pay over i know a dollar 20 so expensive

I remember. So I remember back in university, I used to have this very old and very loved Toyota Avalon. So very similar to a Camry, but like the grandpa version and it had been converted to LPG. And I remember it was like 45 cents a liter to 50 cents a liter. And I remember being like 50 cents a liter. That's cool. That's so expensive. Girl, what, what, why did you ever get rid of that car like that car was the best thing since sliced bread oh my god i've got so many questions about the car but i know we probably yeah we'll talk about it later i think next i've got a money win from kate who said her old mac pack backpack got repaired free of charge because the zipper pocket stitching had started coming undone do you know what's a slay you being

able to get that out of your mouth and that i know the mac pack backpack um but she said thanks smack pack, having a great policy, save this from landfill. I love that. Good idea to, I know that Patagonia have a really good repairs policy. I think Lululemon as well. So like maybe when you're shopping for things, checking what places offer, you know, maybe you pay a little bit more upfront, but if they have a really good, you know, quality policy. A hundred percent. It's really worth the money. I've had leggings replaced from Lululemon. I've also had them taken up for free from lululemon because short girl problems like you can buy any length of them and they will shorten them to what you need and i have also had like stitching on one replaced wow like for free

amazing and lululemon is 18 cash back on shop back oh well it was say like two days ago i don't know if it's still a thing right now hey amazing and lastly this week i've got a money man from eve who said she's been completing the my medibank live better challenges religiously over the last few months every day. She's got herself a pair of AirPods coming that she didn't have to pay a cent for. Money win. Good for me and a nice treat when points add up. So if you're a Medibank customer, might be worth looking into that program. I think it's similar to the Qantas well-being program. Gorgeous. Very cool. And you're already doing the activities anyway. And it's a good motivation too. I love it. Points hacking queen, Miss Jessica Ricci. Miss Bex Syed. I want your three broke

tips. I want them hard. I want them fast. I want to know what they are. Yes, ma'am. Yes, ma'am. Okay. So this first one comes from my friend who is, I didn't realize, but a lot tighter than I thought. Oh, but I like this. Yeah. She's a real budget queen. I didn't realize. She's actually secretly frugal. Secretly frugal. Yeah, exactly. But she did run through so many things that I probably can't share on the podcast, but the ones that I could, she said that some vegetables and fruits fruits and vegetables it's weird saying the other way around she's not right vegetables and fruits um she said that some of these don't have to like it's more expensive to buy organic but you don't need to is what she's saying so things that like you know thicker skins like a

banana for example banana avocados mushrooms are some examples i don't really understand the mushroom thing because there's no skin and also there's like a lot of mushroom drama going on right now there is a lot of mushroom my friend is actually right now she's doing the doco on that oh that's very cool i can't say any i can't say any no no don't say any more don't say any more ah very exciting so that's a good tip though um yeah good tip so some things don't need to be organic so just have a little google before you go if you are buying things organic just double check that it's worth it to just buy the regular and the my other broke tip comes can i add to your fruit and vegetable broke tip absolutely so like i am now a parent that has to um financially

recover from buying so many damn berries. My son loves to eat berries and I buy a lot of them. Yes, we go through them relatively quickly, but I learned a tip on TikTok that if you fill a bowl with water and add a good splash of vinegar and then your berries in and rinse them in that, your berries will last three times longer. And I tested it and it worked. Like I ran a full controls thing in my fridge. I like did one punnet of raspberries that I didn't wash and one punnet that I did. And yeah, the one that I did lasted so much longer and the one that didn't like had mold on it by the end of the week. So wash your vegetables and fruits in vinegar to make them last longer. Wow. I think that's a good one, right? That is a really good one. Especially like berries

and stuff because vinegar is safe to consume, but vinegar also kills mold. That's why you should wash your shower and stuff with vinegar not with bleach because bleach doesn't kill mold spores vinegar does though so the science science is behind it it's really good for bedding too yeah yeah it's soft i don't know why yeah use vinegar instead of your fabric softener will it's we're gonna take over from your broke tips if you don't continue no no i'm really happy with but like does it make your nose smell you can't smell it i use it god that's so good for everything maybe we should do a whole segment on what does vd use vinegar for and you know what dipping a hot chip in the restaurant whatever's remaining yeah delicious uh okay so this next one

comes from my partner's sister who currently i'm sure we all see these like whenever you go to uber eats or something it like always pops up uber one uber one i don't want uber one okay i don't want to know that i'm using it so often that this will be beneficial for me but right now uber one basically what happened was the other day my partner and her went to the movies and they got 12 tickets unlimited popcorn free refills sorry it was what is that about popcorn is expensive free refills that's exactly right and so i've dollar tickets are we living in 2009 i know and so i was like how did this happen and she said because she she joined uber one and it's i'm assuming if i'm a member of uber one can i please have access yeah it's i think it's it's running

until september so right now you get oh that's so i can access it yeah you can access it money win is that so good so you're saying you're enabling my uh uber eats habit yeah thank you that's very kind what's your money tip my one tip sorry jess comes with money tips you come with broke tips i do am i one this week i'm so sorry it is only for the melbourne people but i'm sure there is an equivalent elsewhere as i always say uh so a restaurant has opened up in brunswick east brand new restaurant it's a wine bar sorry i should say it's called times new roman bar i love that name i know isn't cute and they're doing very very cheap eats so for example these people got their bread which was three dollars burrata and pickles six dollars burrata i've

never seen burrata under seven hundred dollars so burrata and i literally have never seen it under a thousand dollars so that makes sense and then they're like tiny totally and and a half portion of pasta $6. It was like a really lovely pasta. Times New Roman is such a good name. Yeah. I'm still stuck on that. Is there a bar called Comic Sans or is that not cool? I think that that could be. Windings. Windings. I'm sure there's a Windings. No one speaks any language in Windings. They just talk like Sim-ish. Yes. So that is my break tip this week is that if you live in Melbourne, if you can access it,

try and hit up Times New Roman bar and get some cheap food. I love it. Let's go on a date there. Yeah. All right. Let's go to a really quick break because on the flip side, we're going to be talking about what do you do when chasing money is starting to impact your health and something that you slid into our DMs about. What do you do when you're pouring your savings into a house and you're not even on the mortgage? 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 hey she's on the money I am currently 21 years old and I'm a disability support worker I have recently started a new job and at the time I said yes give me whatever hours you can I'm happy to work you know big hours anyway fast forward I'm now doing 50 to 60 hour weeks sometimes 70 and it's starting to take a toll on my health. I've started throwing up of a morning every day, feeling nauseous all the time. And I don't know what to do because the money is so

great, but it's starting to take a toll on my health. Please help. Oh, girl, girl, we need to do something about that because that is no way to live. Don't get me wrong. People are going to be listening to this and go, well, I work 50 or 60 hour weeks and that doesn't happen to me. Sit down, your privilege is showing because when you are a disability support worker, that is so physically and mentally taxing that it makes sense. You are not physically well, but like care about yourself because if you are not putting yourself first in this situation, you're going to burn out real quick and then you won't be able to earn money for ages. Like I know that you're like, oh, I don't want to step back from it. But if you don't step back now and actually put yourself

first, you know what's going to happen? You're going to burn out and then you're going to have no job because you won't have the ability to work. Yeah. I think that if you literally cannot survive without doing that many hours, that's probably a different conversation. You probably need to look at either getting like a pay rise or a whole, a whole new job. But if you can survive off less hours, but you just are really, really happy with the money that you're getting and you feel like you're getting ahead I totally get that feeling but maybe just try and either see if you can like condense your days maybe you could do like four 10-hour days which is very very very tiring or try and like work out a way that you can yeah just kind of condense your days or hours

but I can't imagine that any workplace would find an issue with you being like hey can I not literally work 24 seven, you, you will be able to ask for that, I would say. And if they don't allow that, you got to go somewhere else because it's absolutely not worth it. No amount of money is worth it. Yeah. There's no point earning all the money if you're then so unwell that you can't spend it or enjoy it. There's like money's it's counterintuitive, but like, it's not the most important thing. Like obviously to a point we need money to be able to exist in this world, to put a roof over our heads, et cetera. But if you're not able to enjoy the fruits of your labor, what's the point exactly I think that yeah like as you were saying I'm sure that if you spoke to

whoever's in charge of your scheduling and just said you know I know that I said I wanted lots of hours and I'm so thankful you gave me lots but it's just taking a toll on me they're probably just loading you up because they're like well we've got someone who wants to be loaded up so take all the hours but if you said hey like it's having an impact on me I'm unwell any considerate person would be like no worries like we can you know safety issue as well because if you're not well and you're taking that unwell body to work something's gonna happen at work yeah definitely so I think yeah it's pretty clear from all three of us it seems we're like don't do that money is not worth it not at all you've got to look after yourself you can't pour for an empty cup oh my

god I was just about to say that Jessica Ricky wow exactly and then also I know that all of our advice is like you know step back it's not worth it rah rah maybe you're thinking well I I think it's worth it I think we need to look at the bigger picture as well because if you're working that many hours, how are you supporting your health and wellbeing outside of those hours? Like, are you still going out? Are you, you know, not nourishing your body in the way that you should? There are probably, if you're going to continue this amount of hours and you're like, oh, well, how do I look after myself? Cause I go, I'm doing it, whether you like it or not. How are you, you know, getting up in the mornings? Are you getting enough sleep? Like,

how do we prioritize looking after our body in the moment? Because for a lot of us who are in these situations where we are earning so much money and we're like, well, we can't step back because I'm paying off debt or I'm putting a roof over my head or I have kids or I have all of the like Victoria is not, we can't just step back and be like, well, the money's not worth it and flip our hair over our shoulder and be fine with it. Like, how are you making sure that your body is in the best possible position at the moment? Like, I don't believe that every single thing can be in balance right now. So like getting enough sleep, putting the right nutrition into your body you know fostering positive relationships around you have you got people that you can talk

to about this because that will make the load feel even lighter like what support is available to you so like just hitting the nail on the head with that as well but ultimately if you're in that position where you can step back that's what I would be doing sending you lots of love I hope you look after yourself absolutely all right guys do you want to get into the juicy dm we got this week. Absolutely. I'm excited you said yes, because I was going to do it anyway. So this week, our DM. Hi, she's on the money. I have a financial dilemma or question. My in-laws have offered for us to build on a block that they have in an area we would never be able to afford to buy in. We would just need to pay for the mortgage repayments for the cost of the build. It's

financially a great opportunity and I have a great relationship with my in-laws. However, the block is not in my name and so the house and loan will also not be in my name and we will be pouring our savings into them. It is in their will that it will go to my partner and I but until then I need to protect myself. My partner and I were looking at getting a financial agreement in place by a lawyer so that my money is protected however I don't know what to put in this document or advice on what other people had wished they had in place before entering into an agreement like this. What would you do it's really it is a tricky one I don't know I feel like I don't know enough about this so I apologize in advance but we can make some assumptions yes and also but I don't know

the like that much about like owning a home or anything like that in general but I think yeah if you could if you put like some sort of like financial something in place to make sure that you're protected I don't know the whole thing to me really I am a person who's like oh too hard basket. I kind of like, and that's why I'm, you know, financially not getting ahead because I'm always like, ah, it's too much work. So, but I feel like it's maybe too much. And I would just be like, oh, don't worry about it. I also feel like, is this a place you want to move to? Or are you just like, like if someone said to me like, oh, you could own a house in Volcluse in Sydney, I'd be like, that sounds great. It's just for context, very expensive area, a gorgeous area,

but I don't want to move to Sydney and I don't want to live in Volcluse. And that was never on my hopes and dreams list. So I'm like, oh, cool. This opportunity to live somewhere I've literally never wanted to live before. I'll be so far away from my friends and family, but it's a very expensive area. I would be like, no, thanks. I'll just do, keep doing what I'm doing. I'm happy. I'm on the right trajectory and I'll eventually buy where I want to live. And so if that's something, if you're like, do I just feel this urgency? Because I'm like, whoa, when am I going to get this opportunity again? Then maybe you think about like, is this something you want to do? Or you just feel like it'd be really silly to pass out. I'm assuming she wants to, because she

said, oh, in an area that I couldn't afford. Because I'm assuming when you say, oh, in an area I can't afford, it's like, we would love to live there, but we can't afford a block. You know what I mean? I know. But that's what I mean. Is the cost of living going to be higher in this area is that kind of what you're getting at like if you live in a more affluent area i guess so i guess what i'm getting at is like was that an area you wanted to live in was that an area that you were like oh my god i would love to live here or is it like whoa i would never usually be able to afford this but i didn't want to live here i just you know what i mean yeah so figure out that's what's going on yes jess what are you doing from a contractual perspective i

would probably be looking to put a clause in i mean honestly first and foremost i would just be relying on a lawyer personally. Get that advice from that lawyer, baby. Yeah. I love that you value our opinion. And obviously we're going to tell you what we think, but like I would be putting my faith in someone who does this day in and day out for their job. The kind of clause I would be looking for is perhaps something that would say, because wills can be changed and that would be my concern. So like if the will was to be changed or if, you know, God forbid you and your partner were to break up or go separate ways or something like that, you would be repaid the money that you had put into the house. And I mean, like you could look at, you know, maybe with

interest or, you know, if the house were to sell, you could get a percentage. There's lots of different ways that you could split it. And that's where I'd kind of rely on the lawyer to be like, well, what's the best way to go about this? But I would be looking to kind of find a way to ensure that there's a contract in place to say that if for whatever reason, the whole thing went tits up, like you're getting your money back because on paper you have no ownership like you're not entitled to anything so I would be seeking to clarify that specifically yeah so you can do that I when I was a financial advisor I had a client that went through this because his family were really wealthy and they like the reason they didn't want to like gift the property was like

it was quite complex it was in a trust there would have been a whole heap of capital gains to like pay to get it out. Like there was a good reason for it, but binding financial agreement with contribution clauses. We want to sit down and go, okay, cool. If I'm putting my money in, I want a clause in there that says I'm going to get my money back. I also want to make sure that there's like a reimbursement or a compensation clause. So if the property is sold or transfers names or my circumstance changes, like we break up, like what happens? Like there's not just a a caveat that says, if it's sold, I get my money back. Like, how is this going to be reimbursed to me? Because obviously it's on his, you know, parents land. I'm assuming that you're not going

to get to keep the land if you break up, but like, what about the house? Like, it's not going to be an option for you to stay in that house. So there's like a few more things I want you to think about there, but you are absolutely on the right path and asking the right questions right now to put yourself in the best possible position. And then the other thing I would touch on is maybe like I don't know like spicy not spicy like the inheritance intentions yeah they mean nothing so just because it's in his parents will to go to you you can change your will tomorrow you don't need permission from anybody else to change it they could show you a signed copy of their will today you sign off on everything and they go back to their lawyers tomorrow and change it it doesn't

matter who it's like entrusted to right now that doesn't uphold in court like there's no reason like they don't owe you anything, if that makes sense. So while that is a beautiful intention, I would actually like a binding financial agreement that says that I will get my money back. And whatever other clauses you think are important, because it's just, what are my rules if it's coming to me? Also like maintenance, land, taxes, rates, who's paying those? Like if it's not in my name, is it my responsibility? Can we get clarity on that? Also, if I do start paying the rates for that property, do I have any entitlement to ask asking for that land in the future if we separate. Yeah. There's a lot of questions that I can't

answer because I'm not a lawyer. Go talk to a lawyer, but those are the things you're going to ask. Yeah. What did everybody else say? Oh, there was a lot of conversation. So first question we asked to the community, would you enter an agreement to build a house with your in-laws like this? 22% of you said, yep, if it means I could have a house. 30% said, no way, too messy. and 48% of you said, well, it depends on the in-laws. We asked another question. What do you think should happen if the relationship ended? So 35% of you said, yep, should be paid out at market value. 31% negotiate based on the situation. 25% said sell and split the profits. And 9% of you said, just reimburse my contributions, which interesting, but like, these are the

like questions that you need to take to the lawyer to go, well, in the event that this doesn't work out. And that's what I mean about, you know, what happens if you break up every situation, every business, every property needs an exit strategy. You need an exit. I don't care who you are. Jess is going to buy her first home at some point soon. And I'm so flipping excited about it. But one of the first questions I will ask her, what's your exit strategy? How would we sell this? How is it structured? Like Jess might be like, it's my family home. I never want to sell it. Cool. But we always have an exit strategy anyway. We asked the community, what are your two cents? First person, I thought my in-laws were great too, until they weren't. Get it in writing,

but seriously, find another way. Yeah. Next person said, just speak to a lawyer, cover all your bases. If you split up, you or the in-laws, death happens, changes happen. Make sure you're covered. Agree. Another person said, you need to consider any ramifications, are the ATO with avoiding stamp duty, which is true. And it's also probably one of the reasons why they don't want to transfer it into your name because you might trigger a sale and you might trigger a transfer of assets and some stamp duty because stamp duty happens whether you like it or not when you transfer property from one name to another. However, if it is in a will and it's like part of a deceased estate, often that's waived. So that might be why it's like

in the will yeah i want this stuff in writing i want a legally binding contract because i will that's just thoughts and hopes and dreams baby someone else said and this person's username has like the word legal in it so like oh they probably know what they're talking about oh yeah and and she prefaces it with as a property lawyer oh there you go my opinion is this is hands down a very terrible idea. And then she uses six red flag emojis. Oh, that now that's the person I'm listening to. Yeah. I'm going with that one. She has legal in her username. Yeah. Another person who does not have legal in her username said, I'm so surprised at how many people would be happy to sign this. Yes. I have a three-parter one for you. This is again, not a legal representative

that has disclosed. Someone said, I'm in a similar situation. My in-laws helped my fiance buy a property and I'm expected to pay off the mortgage. They wouldn't accept having my name on it. We are getting a binding financial agreement, but I still think it is unfair. Mortgage repayments are a huge contribution. Yeah. So that person I'd be saying, just pay market value, rent them. Yeah. So my mortgage contribution will be in line with what I would pay. that would be logical yeah yeah don't be here with your logic someone else said and i'm just going to give you two more someone else said generous in-laws who clearly love you take the deal with an arrangement in place again everyone has but everyone has different opinions right

that's true and then last one i'll share is in-laws will always protect their own blood do you have your own money to go to court if it doesn't work out well that's a very good point i think that's a very good point but anyway good luck talk to a lawyer talk to a lawyer have a good weekend i think we're going to wrap it up here so have a good weekend my friends and we'll see you on monday bright and early for a money monday diary bye guys money monday diary i was just thinking that i'll see you later 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

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