She's On The Money

Marnie, a community member and Money Diarist, shares her transformative journey from being $60,000 in debt to financial stability. She reflects on her lack of financial education despite a comfortable upbringing and how impulsive spending led to her debt. Discover how she learned financial literacy through resources and overcame challenges, including her child's health crisis, by tapping into emergency funds for early intervention. Now, she's building savings, investing, and embracing an abundance mindset while advising others to take small steps towards financial freedom.

Dr. Lily Susman, a behavioural scientist and Chief Strategy Officer at WISER, shares insights on making saving money easier. She discusses how money taboos create shame and why understanding personal values is crucial for effective behavior change. Lily emphasizes the importance of self-compassion over self-criticism and advocates for small, manageable steps to bridge the gap between intentions and actions. Additionally, she highlights the role of financial health beyond just income and the need for products that support positive financial habits.

This week, the hosts tackle the tricky dynamics of paying on dates, exploring red flags like scorekeeping and awkward silences. They discuss practical ways to navigate bill-splitting and how money behaviors can reveal deeper issues of respect. The conversation then shifts to bridging loans, unpacking what they are, their risks, and essential factors to consider when buying before selling. With community insights on money wins and quirky broke tips, listeners get both valuable advice and a touch of humor.

Navigating the property market has become increasingly complex. Discover why the 5% deposit scheme is both a blessing and a curse. Learn how banks are changing their processes, with tougher assessments impacting approvals. Find out the common mistakes first-time buyers make before even starting their search. Get expert tips on avoiding panic-bidding and making well-informed decisions. Plus, explore strategies to reduce your mortgage life and whether to prioritize repayment or investing.

Bec Syed, an early-stage investor and team member, candidly shares her first year in the share market. She reveals how she overcame her initial fears and misconceptions about investing and started building her portfolio with just $5 a day using automation and round-ups. Bec highlights the importance of small wins and shares her journey through confusion, accidental successes, and learning from mistakes. Her progress from uncertainty to earning dividends is inspiring, proving that anyone can start investing, regardless of their financial situation.

Struggling with debt? This discussion breaks down how to effectively manage and prioritize it. Learn to distinguish between good, okay, and bad debt, and discover the pros and cons of repayment methods like avalanche and snowball. Victoria emphasizes the importance of selecting a strategy that suits your personality for better adherence. Get practical tips for speeding up repayments, including budgeting and using windfalls wisely. Ready to take charge of your finances? This chat will guide you towards a clearer, calmer path!

Ever wondered when it's the right time to consult a financial advisor? The hosts break down when to invest in financial advice versus utilizing budget-friendly alternatives. Then, they tackle a listener’s dilemma about an injured dog left with delayed vet care, sparking a deep moral conversation about responsibility and the limits of intervention. The discussion offers practical advice on navigating concerns for pets and touches on community insights and emotional challenges, reminding listeners they're not alone in complex situations.

Feeling stuck on investing? Dive into the conversation about how to build confidence and start small. Discover why investing is less about risk and more about strategy. Learn about affordable ways to enter the market and the importance of diversification. Victoria debunks common fears, emphasizing that consistent, tiny investments can lead to significant growth. Plus, find out why investing while managing a mortgage is smart. Get tips on overcoming analysis paralysis and the best first steps for a successful investment journey!

This Money Diary starts at the exact moment you realise… okay, I can’t keep doing money like this. Our diarist had spent a few years doing exactly what she wanted to do. Enjoying life, making memories, prioritising experiences. And then came the realisation that while she didn’t regret any of it, she needed a different plan going forward. In this episode, she walks through the exact things that helped her go from avoiding her finances to feeling genuinely confident with them. The systems she uses to stay on top of her money without obsessing over it. How she learned what actually matters to focus on (and what really doesn’t). And the mindset shift that stopped money feeling like this looming, stressful thing in the background of her life. A big thank you to our partner Skye Wealth for bringing this episode to life. If you're ready to get your insurances sorted, you can learn more about them here. We have a long sttanding referal patnership with Skye Wealth and only ever partner with people we trust. FREE MONEY TOOLS YOU'LL LOVE: All our best free resources in the one place here. Ready to binge more relatable, inspiring, and downright juicy money stories? Check out our ultimate Money Diaries playlist. Listen now Join our Facebook Group AKA the ultimate support network for money advice and inspiration. Ask questions, share tips, and celebrate your wins with a like-minded crew of 300,000+. And follow us on Instagram for Q&As, bite-sized tips, daily money inspo... and relatable money memes that just get you.  Acknowledgement of Country By Nartarsha 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.

Dive into the essentials of financial control with an engaging look at budgeting and cash flow. Understand how to track income and expenses without feeling restricted. Discover the importance of sustainable budgeting—no more crash diets for your wallet. Learn the significance of cash flow in managing debt and setting achievable goals. Get practical strategies for repayment and tips for handling a pay rise wisely. Finally, find out if you really need a financial advisor or can thrive on your own!