The Vault with Financielle - Save Now, Buy Later | The Vault Episode 8

Episode Date: April 18, 2024

Send us a textWelcome to The Vault with Financielle. Hosts Lucy, Laura and Holly delve into the world of money dilemmas from leechy friends, getting the money ick, the benefits of budgeting and much much more! Nothing is off limits but everything is safe in the Vault.In this episode of The Vault, we dive into the dangers of ‘Buy Now, Pay Later’, getting kids interested in saving, building our money muscles and the importance of being intentional with debt.-Visit https://www.financielle.co.uk to join our community!Chapters:00:00:00 - Introduction00:03:39 - Impulse Purchases and the Dangers of Buy Now Pay Later00:06:45 - The Controversy Surrounding Buy Now, Pay Later00:09:58 - The logistics of selling items online00:13:24 - A Soft Approach to Requesting Monetary Gifts for Children's Birthdays00:16:32 - Getting Kids Interested in Saving00:19:52 - Building the Money Muscle00:23:04 - The Wrong Approach to Paying Off Debt00:26:01 - The Importance of Being Intentional with DebtThe Vault is an entertaining yet thought provoking podcast that answers our community’s dilemmas and confessions surrounding women and money.Visit https://www.financielle.com to download our app.Watch the podcast on YouTube.Follow Financielle for more:▶︎ TikTok▶︎ InstagramAbout Financielle:Financielle is a female focussed finance app helping women to take back control of their money, ditch debt, increase savings and invest in their future.Recorded and Produced by Liverpool Podcast Studios▶︎ Web ▶︎ Instagram▶︎ LinkedIn

like lydia said how sad when that payment goes out three months later and you're like what was that it feels like you're being like mugged fraud yeah i did not watch this no the message is break up with by now by later welcome to the vault with financial this is a safe space where we talk all things life and money and no topics are off limits. Hey. Hello. How are we feeling today? Good. I'm glad to be here in Liverpool today and it was raining. Shocks. Spring has not sprung. It's not sprung. It has because the tortoises are all coming out. My tortoise is alive. Thank God. What's your tortoise's name? He's 50. Joey.

Joey. Okay. How old is he? He's the same age as my dad. How old? My dad got him when he was born. He's like 50. How old's my dad?

54. Ish. Maybe. Oh my God. I know they live so long. We get scared every year that he's not going to come out. What does a newborn do with a tortoise? Yeah, I don't know.

Apparently it was a really normal thing. And apparently all of my dad's friends had tortoises in their road and they all had to put their house numbers on the back with nail varnish because they'd all just escape into each other's gardens. I'm like, chaos. Is this what was happening? This is 70s, dad. This is a whole other world that if it wasn't part of your childhood,

you've no idea. It's a whole other podcast. I it wasn't part of your childhood you've no idea but yeah it's a whole other podcast i know i need to hear it stay tuned for next week's episode on the tortoise world joey we'll check in on joey next week yeah okay i'm gonna start off with a controversial opinion some would say okay so i'm gonna say something and I want your honest reactions and I want some opinions and etc. So buy now, pay later is the worst thing that has ever happened to our generation. Not controversial to me. That's a great sentence. I'm in good hands. It's a funny one, isn't it? Buy now, pay later.

There's obviously lots of brands that we may not mention on this show but you all know them maybe snoot dog was the face of one of them for a while um pretty colors in every checkout you see buy now pay later is a product just for those people that don't really know exactly what it is it's it's it's credit that you often see at checkout so you can get other products as well that are off the checkout that you can use, but generally it's a way of paying for your shopping basket without actually paying for it. It's going, I think I want these things, maybe in multiple sizes, maybe multiple colors, maybe multiple options. You know, I don't know which black dress I'll get seven and you order it, but it's a way of kind of cash flowing it by paying for it with credit. And then you pay when you've decided to keep or not keep items,

you pay for it across multiple installments. So you're not paying for it all at once. So it's buy it now, but you pay for it later. And it's portrayed for so many people as well, the marketing works really well. So it's portrayed for so many people as a really helpful tool. So we will help you. Why should you use your own money to buy a size 10, 12 and a 14? You know, use buying a pair of brands. She nearly said it. You know the one I'm thinking of. You know the one I'm thinking of.

Rhymes with a shmarna. Shmarna. But the marketing is so good that normal people, not just people in the money space normal people use the positives of it or the arguments for in every day oh well you know i i'm gonna send loads back anyway which come on who actually takes anything back no lazy so there's that one there's the do you actually take it back if you're gonna over or actually, does life get in the way and suddenly you're going to keep it because it was only X amount anyway, the multiple sizes.

So, you know, I do, I understand that, but using someone else's money to do that, you may as well use your own. You get the money back and then you've like, if you go and math it later, you've made money anyway. It's almost committing to taking it back. It's like, it is committing to taking it back and it's, you don't treat it seriously though when it's not your money so when you haven't seen the cash leave

your bank account when it goes on to a separate account and you pay it back in three or four or five installments i mean i saw once that you could get a scrunchie and pay for it in six literally 60p installments and it. And it's just ridiculous. And so, you know, we're not talking huge sums usually that you would use it for. I mean, it depends, I know. But these are for usually non-essential items. Yeah, I would say like impulse purchases.

So not a really considered purchase where you're like, I'm going to split that into three. Of which I think it used to be like back in the day, the catalogue, it's like the new catalogue, isn't it? So like when we were younger, there used to be a catalogue and it'd be clothes. So really good brand names, things that you probably wouldn't pay for in one go.

And now, like I said, it's turned into scrunchies. It's even turned into food, which just concerns me so much. So you can get like Uber Eats on Buy Now, Pay Later and grocery shopping. And that's when we've hit a new low. It's scary, isn't it? And people do that. That's so normal now.

I'm paying for my spring rolls in March. Literally. You forgot you've eaten it. Yeah. You're on your hot girl summer diet and you're paying for like a cooking curry in December. It's like a hangover, I think. Yes.

It's like a money hangover. It's like an actual hangover. I went and bought that expensive dress I was like oh yeah it's it only worked out at 40 pounds

because that's the first that was the first payment and actually it's 120 pounds 160 pounds I can't do maths I don't know what no

40 times it's very it makes it very passive and we're all about making you have really hands-on approach to your money so feeling the pain of things or feeling the buzz of things like you will get that dopamine hit when you buy

something i think everybody does it's natural but i feel like it feeds it it feeds that frenzy and there's data to show that you absolutely spend more as well when you use buying app i was about to say it annoys me because it's marketed heavily as a budgeting tool which is insane but again so workshop this with me so you find some straighteners 200 pound pave them in three I'll divide it in three that works once right so then that's fine if you never ever buy anything else I'm buying up here later so next month when you decide that actually you need a new spring wardrobe because I've fed up with the jumpers and I want like the nice shirts so you use this product again but you've already got last month's you've got two more payments on your straightness possibly three because sometimes you wait a full month so you've still got the

straightener payment and then you're topping it up and you're topping up and eventually it literally replicates a credit card it's just on the same thing and a lot of people talk about how it's not percent which for a lot of brands

it usually is unless you struggle to pay it back you don't end up paying any interest but we're proven to spend more with credit because it doesn't feel real

and so I I appreciate that buying our pellets as a product helps some people sometimes. Yeah, I was just about to say. Well, I'm going to play devil's advocate because we always say instead of buying our pay later, save now, buy later.

Like if you really want something, save up for it. But what about necessary expenses? We don't have emergency funds. We need something. We need a new laptop for work. We need a new for school, whatever. We need something and we need it now. a lot we need a new laptop yeah work we need a new for school whatever we need something and we need it now we don't have the money is there any exceptions yeah i feel like we're coming from obviously a privileged position of saying you know don't

use buy now pay later well what are the alternatives some people that are struggling with the cost of living crisis who need um some school shoes for their children or the washing machine's broken whatever it is an emergency purchase that's absolutely needed but doesn't have an emergency fund, they're prone to loan sharks or borrowing money off family and friends. Punitive credit cards, punitive loans, payday loans. That was the thing that was targeted to people. And I feel like if there was ever a reason for the product to work really well,

it's for those scenarios, as bigger ticket items that actually we can divide up the cost and not, it not cost you any more, then that's what it's for. Yeah. We're definitely talking about, it's gone way past that now. It is, I think we've seen before it's used predominantly on fashion and beauty. It's not used for electronics even as much as you think it is. And so I just would love for the person that uses it right now to think about this controversial opinion on it and go, actually, is it that

controversial? Am I going to use this product forever? Is this just how I pay for things now? Do I normalize it to myself and justify using it? Or actually, do I just want to stop that really? It's probably not very good for me um I'm gonna ask has anyone bought anything used in it before I've not oh I would have said you would I was looking at you like accusingly you guys caught me straight out of uni so I'm like a financial prodigy but yeah but weirdly people say the first brush with like an 18 year old's first brush used to be credit cards. I could easily have slipped into it. Okay.

I'm definitely of that mind. I'm like, oh, I'll break it down. But now I'm actually really good at saying I don't need that. Stop sharing and keep spending. I'll be like, yeah, okay, I'll save up for that. I forget about it anyway. I don't need it. Lydia, have you ever used it?

I've never used it. Like, I think I've used it like once and it made me sad when like two months later it was like 16 pounds and I was like oh what was that for oh I don't know what did you buy I don't remember can't remember Lydia's got niche shopping lists so I'm just curious to see whether she can remember what it was most of it I don't act on but I I think with the like buying multiple sizes and stuff, it seems really easy in the moment. And then you're just creating so much admin for yourself. I think there's nothing worse than having to post something.

I hate it. So true. I hate it so much. It means you have to speak to people. Yeah. I am getting a cue. Two worse things. Speaking to people. Cueing. in a queue two worse things speaking to people

queuing for me it's the logistics of oh I need a bag to put it in so I need to go to the post office to buy a bag to then write the thing or print the label off

to then have you seen all the vinted like creative ways of people I saw one the other day someone sent like a pair of tracksuit bottoms and they just put

the postage label on them with a little note in his head didn't have a bag. Did it get delivered to the right person? No. It was a picture of someone trying them on and it's got the label on it.

I've been a key behind someone with a plastic wallet taped up before I had some clothes in it. Yeah, people send walkers crisp packets to be fair. What? I've seen cereal boxes. I could do that. I've used like an Asda bag for life.

I've got little pink jackets. It's eco-friendly to do that. Also. I could do that. I've used like an Asda bag for life. I've got a little pink jacket. It's eco-friendly to do that. Also, I'd rather not. So I'd just rather not. Well, I feel like, yeah, controversial money opinion, it is not here. No.

We don't. We just wouldn't. There's ways and means of buying things that you want and not putting yourself in a financially vulnerable situation. Just imagine a life without monthly installments. Imagine that time.

It's great. I've got it. Why do people so happy when they're mortgage free? Because that monthly payment just stops going. Yeah. It just creates extra room in your budget that you didn't even know you had. It really does. Like Lydia said, how sad when that payment goes out three months later and you're like what was that it feels like you're being like mugged fraud yeah i did not watch this no the message is break up with by now or later i like it okay dilemma number one are we ready we're ready how do I ask my in-laws for money? I don't know where you're going to go with this one, but it could get controversial.

So I'd like to set up my children to have a good savings pot by the time they are each 21. I was lucky enough that my parents did this for me growing up and I really did appreciate it. Myself and my siblings were never spoiled with material gifts as children and I feel this has shaped my opinion on money and savings positively. For birthdays and Christmas my parents buy our children a small gift for about 15 to 20 pounds and then put money in their bank accounts which is just great. But how do I ask my husband's family for the same without sounding cheeky asking for cash. I like this one. His family are really generous with gifts and spend a lot. The kids obviously love the gifts,

but I can't help but feel spending money on plastic toys is a waste. Long term, and they grow out of them so quickly. How do I approach this? So true. My son's birthday is around the corner, and you feel like in order to be a good parent you have to physically show love and affection so already I feel like I've created a monster he came to the other day and he said so when it's my best four he's turned soon to be five when I come downstairs are you going to have all my presents set up ready for me so I've already created this expectation yeah

I've created this expectation and like I've set the precedent because I think I used to have a mindset where if you didn't have a couch full of toys waiting for your children on Christmas day or birthdays then for I was somehow a bad parent and I'm that parent that has a really good list I'm really organized I've got a spreadsheet and then it gets a day before Christmas and I'm like I don't have enough I need to like I it gets a day before Christmas and I'm like, I don't have enough. I need to like, I need to supplement it. Present anxiety. And I feel like this removes it. And now I have absolutely changed my mindset

and I set up a GISA for my kids. And one thing that I would suggest is you can send like an electronic invite to someone and you can say and personalize the message and it can say things like, I'm saving for my child's future. We would love it when it's their birthday or Christmas that you could use this link to contribute.

And I think that could maybe take, not the sting away, but if they're really materialistic and she's not, I don't know. I feel like it's a softer way of asking. It's not like an informal, can you stop buying the kids shit. Stop filling my house with all this rubbish. It's really hard because it's also, you know, for the children, it's not for you. And so what would they ask for they're obviously not going to care really about a bank account um they're going to care about physically what they can open and also i mean the other there's two levels to this one sometimes people can just buy absolute crap and i've been

there and done it where for a children's birthday party, you are the day before, I've got three children, they're all going to different parties, you know, 10 to 15 pounds does not buy a lot nowadays, but that's kind of what people spend. So that means you get something rubbish because you do, because you can't- From 20 other people if they've got a class party. But that's what I mean. So I'll go and I'll pick up, oh, I've got this birthday and that birthday. I'll get those two things. And then a couple of cards,

I've probably spent 15 pounds per child, wrap them up. And then they're just going to get 20 of those. Like you said, whereas I've started to give cash in a birthday card for kids for all the different parties we go to or transfer it to family and and friends and I just feel like that goes to much it's a much better decision for the parents to then decide oh where do we spend

this money like you know do you want to come to the toy shop or do you want to put it in your bank account so firstly I definitely think that I'm in the space of there's just so much rubbish it's unsustainable it's not thoughtful you know I don't know some of these children so I'm not sat there going oh would they really like you don't know their interests like you ask your kid as well you're like what do they like and like I don't know my idea how do I know this for you yeah I don't even know whose party am I going to but but the other issue is when it's family members so let's take the in-laws they could be thinking of a really thoughtful present they know their grandchildren hopefully and so they could be putting a lot really thoughtful present. They know their grandchildren, hopefully. And so they could be putting a lot of time and effort into a lovely fifth birthday present.

And then they get a text from you going, could you just put money in the gizer and give something little? So I think it's all about the positioning. We love to workshop what we'd say. So let's have a go. So what would I say? I would say something like in a WhatsApp message,

ahead of Bob's birthday ahead of Bob's birthday this year um he's really lucky you've got a house full of presents at Christmas um he we here's a link to his junior ISA we're saving with him and showing you know by the time he's 18 that this is going to grow into a lovely pot to either help him buy a car or help him with a house or holiday, whatever that is.

And actually, he really loves Scooby-Doo. And so, just keep it simple. If you want to spend... Premium bonds. He loves premium bonds. He really likes to stop by.

But yeah, I think positioning it like that and going, this is what we're asking um if they're gonna follow it they'll follow it if they're not i mean they don't care anyway and yeah i think kind of preface it as like unless you've got something like specific you can say it softly it's fine but i think get the kid on board so like you've done that with teddy my son is like wolf of wall street like he is like show me the money

that's what holly's comes down to the dinner table literally he's like show me how much cash i've got then i'm like okay and i'm like opening the app i swear to god he's like oh it's grown and i've got more than woody i'm like oh for god you're older like we started saving for you well but if I feel like if if your child's on board and aligned and you've got them interested and excited it's not like you're not fobbing them off it feels like you're fobbing them off I get it we're not we don't want to buy in presents we're going to put money away for the future that was very old school thing premium bonds isn't it but if you can get like a Jaisa account apps are great now because the kids can actually see the progress and I think it's quite fun and a combination of the two

and like I said not that you have to spend more but even a token amount in the Junior Racer is still something lovely and I feel like we've definitely done that with our kids

we've gone through oh if you get you know say if you've got £20 at your birthday what do you want to do with it and it's a trick question you know it's loaded

and Ava the eldest knows it a little bit but it is a test it's like oh actually it's how much do you want to put intova the eldest knows it but it is a test it's like oh actually how much do you want to put into your investments and how much do you want

to spend now I don't ask I'm like so so you've got one pound yeah but you can't buy anything with not even a Freddo you can't

a vending machine they would love a pound for a vending machine you can't get anything for a pound in a vending machine I've tried unless you shake it

shaking it yeah oh I feel like it's very well intended and um i'm sure if you position it in the right way i think we also need to take this advice for ourselves how many like shit presents have you got the way you're just like oh i could have just had that 30 pounds yeah it's cards for me oh my god how expensive are cards when they literally go in the bin i hate cards hallmark i've got a lot to answer for i feel like we should all just agree that unless it's really clever and funny because my friend sam sent some really good cards just it's a waste of time i don't want

teddy you know those little bears no i feel like my kids make them now for us so we've agreed as a couple instead of them buying like birthday card for mum and dad they make them and it's literally like the piece of paper with like hearts on it

and I feel like I'm 28 and I still make them there you go make the fun never end yeah make them make the card

stop buying them sorry Hallmark you've top price just gone down because of me I hope we don't invest in it. I'll check.

Stop the press. I'll take back what I said. So I've got a community win and this may seem like a small win to some. Okay. But to me in my eyes, this is a massive win. Is it yours?

So today, for the first time ever, I do that all the time. I v's into th's ever today for the first time ever i think i resisted the temptation of getting a takeaway coffee and a lunch out and decided to make them at home it's's a small thing, but denying myself those small things to invest in my future is a muscle that I need to build. This is, do you know what?

And it's the classic, you shouldn't stop having coffees and living your life and there's this, let's just wait a minute. The reason she's doing this is it sounds like it's become routine.

She has it all the time. It's not actually special. It's just then, I mean, three, four pound of coffee then plus buying lunches if you are on a money journey where you want to take back control you there's only so many things you can control in terms of expenses because rent is what it is and everything's so expensive nowadays so your flexible expenses especially if you're an emotional

spender or you've built a habit which is you know spending every single day on a coffee that if you genuinely think that's changing your life then crack on and stick to it but um going without sometimes is where the no spare months can really work because that's a win you can get a dopamine hit from not getting the coffee and that's okay yeah like big pat on the back walking down the street yeah what walking past costa ger Nero no but it is it's flex we always say flex that money muscle like just to say no

can be as powerful as anything because it shows that you can do the bigger thing if you can say no to that thing that's got you

in a chokehold every day which some people it's a coffee some people it's going into boots and buying like a lipstick

constantly every week I need a new one and you see them on like Stacey Sullivan saw your life out like 10,000 lipsticks

later I can never find a lipstick I need to buy more of them yeah I should be an impulsive spender because I have nada but yeah just saying no

can be really powerful and that is a really big win huge win a lot of community members say saying no to things is a bigger win than anything else someone did it on Instagram

didn't they who did it and then I went because I was about to go get a coffee and I went I'm going to get a cup of tea like i was i really wanted this because again it's what you associate it to it's a pick me up and when work's a bit hard and when you're a bit tired after the

gym like a coffee is um get up from your desk walk and buy it um and god sometimes i'm getting an americano which is just black coffee like And water. I know, I know. Four pound water. Four pound water. But having someone else go, today, I decided not to do that. It's influencing as well. So people could be watching her and catching it. I love it.

Yeah. Time for the next dilemma. I think this is going to be quite a common one. I think a lot of people, this is very much the norm that we're living in right now. So I feel like I'm stuck in a loop. Hi girls. I've accumulated around £4,000 worth of debt, which I know isn't the worst. However, I have set up a repayment plan sending around £100 of my payslip into the account each month. However, by the time my next payslip comes out I've been charged interest on the cards so it feels like I'm stuck in a cycle

of and a rut of not being able to pay it off this has made my mental health plummet massively as I hate being in debt especially whilst feeling like I can never get out of it any tips that must be demoralizing is it to not see it go down, I feel like, especially because a hundred's leaving. The big thing here is being more intentional. What she's doing, she's just picked a number. In fact, it might even be linked to minimum payment. That might be just what she has to pay.

But if you just transfer that amount, it's never going to go away. I think they've shown it takes like 30 years or something. If you just stick to minimum payments, depending on how big the debt is, it can take so long. So she, while it's well-intentioned, is going about this the wrong way. So this isn't about paying off a token amount every month

and feeling like you're paying it down and it not going down. This is about building a plan. So when you have a budget, your budget should be built up of all your income that can come in then less your fixed expenses which are all your direct debits your sinking funds which are parts that you build up for things that you're going to need in the next 12 months and then flexible expenses and what's left over we call your excess and that's the thing to throw at your money goal for the moment and if her current money goal is to become debt free it needs to be more than a

hundred okay you can't just math isn't mathing it won't it won't that's unfortunate that with you know when you've got interest free you know you're going to be chipping at it so not a lot but when you've got four thousand you need to be paying more than a hundred off per month years is that if no interest for maths time mental maths oh my god it's probably about three and a half four years isn't it without any if it was interest-free yeah and it's not interest-free because she says the interest goes on and a lot of people start doing this with the not percent cards and suddenly it's spiraled into a 29% APRs and not making a dent I mean at the moment I keep seeing people on TikTok being mortified at their mortgage

statements and realizing I pay this big payment every month. And it just, it is demoralizing. It is. Cause then you feel like, what's the point? So then that could even get less and less and less or the spending elsewhere gets more and more and more.

Cause she's not winning at anything. There's no like, there's no big win. There's no dent. No. Cause it's not a massive amount. No, it's not like, it's not going to keep her up at a massive amount no it's not like it's not going to keep her up at night no it's not it's not enough to keep you up at night but you're also not moving forward so it is demoralizing and you just feel like what's the point i would if i was her you know obviously in the app we have a free debt

tracker people create the debts and it's a target and you can set a target date and so she could play around with the we've paid this off a, if I paid this off a month, what would happen? This off a month, what would happen? But gamify it and like get it to three grand and then go out for a beautiful meal. Like buy yourself something that you've wanted for a while. Go without, skip your coffees, whatever it is. But your excess plus anything else

you can throw at that for that month, get that down. And you can pay as many payments off a credit card in a month. You don't have to wait for the automatic director, but you can ring them up and you can pay as many payments off a credit card in a month you don't have to wait for the automatic direct debit you can ring them up

you can chip away at it and get a win every time get on Vinted sell a few items get on Facebook Marketplace and every time that money comes in

get it straight back out again speak to that credit card person every single day be the annoying person being like I'm back making another payment yeah

say you're about to make like an impulse purchase you're like no I'm going to send that money to my credit card because I have the money yeah if you've got the money sat there yeah crack on get it over there and just retrain like your dopamine system yeah yeah but see it go down that what she's what she's frustrated with is it's not moving and she feels like she's paying off she's not really trying

um a hundred a month because what it sounds like is she could possibly do more it was just that's the amount she picked and with interest on those cards it's not going to move so she needs to like set herself a challenge and go all in and kind of enjoy

the process a little bit the wonderful thing about paying down debt is the stuff you learn because when you then want to build up a savings pot when you want to

over invest when you want to buy a house all the stuff that you've learned in the paying down debt era is the same she needs to get intentional with it i would say that would be my advice to her like start to be intentional about it nice yeah you got this girl she'll be fine yeah she'll do it okay any final words before we close the vault for me it is we've talked a lot about debt and i just want to give people the reassurance that it's thrown at you left, right and centre.

So there's no judgment here for any amount of car finance or buy now, pay later or student loans or just credit cards and you can't remember what the hell they were about. Most people, probably less so you, Lucy, but Holly and I have been there. We've played around with an opposite game years and years ago and we've had the payments going out and you you can make a decision one day to say never again and it's not easy and you'll start a journey that's like really really difficult at

times but the stuff that you'll learn when you say buy to consumer debt is amazing it's not there's no judgment but we just always say you can have it around forever like is that the plan is the plan to just always use it? Or can you imagine a life where you save up for something where you can, where you actually have an emergency fund or where you say no to things? Because unless you pay on credit, you can't pay for them. And it's definitely for those people struggling in the cost of living crisis, it's not a one size fits all.

But if you have a lot of debt right now do not feel bad about it because it is more normal than to not have it yeah so yeah we make it's thrust upon us at every opportunity from brands from banking industry from having even owning owning our own home in the uk it's like a big thing to get a mortgage and that is effectively debt it's not like impulsive consumer get a mortgage. And that is effectively debt. It's not like impulsive consumer debt, but we're constantly all in this cycle. So yeah, when people then,

so many people feel bad, don't they, and come to us and like, I'm so ashamed. I feel guilty. Like I can't sleep. I'm a bad person. Like, absolutely not. We've got the means to help you and come into the community,

like be with like-minded people that are going on a money journey like you, like we'd love to help. Yeah. Yeah. My final words are stop buying scrunchies. into the community like be with like-minded people that are going on a money journey like you like we'd love to help yeah yeah my final words are stop buying scrunchies full stop

or be on Shmorna oh god that's the same way if we need a scrunchie okay don't pay for it in six she's gonna come

in a scrunchie in Greek I'm telling you now she'll have paid for it in full though are we still wearing scrunchies should we be

wearing scrunchies you tell us. Cloth lips. Okay, I'm going to close The Vault. That's all for this episode. The Vault is now closed. If you'd like to send us your dilemmas, please send them in an email to thevaultatfinancial.com.

And just a quick disclaimer, The Vault is just a chat around life and money topics and we are not giving financial advice.