Hello, my name is Natasha Nabanunga-Bamblett.I'm a proud Yorta Yorta, Kurnai, Wolpiri and Awadjuri 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 Awadjuri 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 even on Fridays.
It is our favorite day of the week because we get the team together and celebrate you, our incredible She's On The Money community.Today, Ms.Jasgrichi is going to be sharing her favorite money wins from our community with you.Ms.
Bek Syed is going to be sharing her broke tips and
And we're going to be helping to answer a juicy money dilemma, which this week is all about what to do when you find out your colleague is doing the same job as you, but is getting paid more to do it.
And something that you slid into our DMs about this week, we're talking about whether you should ask your partner to stop going to the bank of mum and dad. Oh, that's going to be a hard conversation.Happy Halloweekend!Happy Halloweekend?
That's a thing?Absolutely it is.
That's really cool, I've never heard that before.That's clever.
I feel like that's a big uni thing maybe?I didn't know it was a thing.It's my wedding anniversary.
It could go either way because some people celebrated last weekend because this obviously Halloween this week is in the middle of the week so it's take your pick.So Jess has just been like both.
Yeah absolutely.I love that, I love that.In not so spooky news what is my wedding anniversary this weekend and I'm so excited about that two years but get this you guys are gonna be like sorry what?
The hotel that we got married at we were like so excited because we thought This is going to be lame, but we could like go for a staycay on our anniversary.And as our family grows, like take take the kids and stuff.
So we had booked this staycay for a couple of nights at the hotel that we got married at.And we were so excited to take Harvey.And then they called us and said they don't accept children at the hotel anymore. What?Is that insane?Oh no!
I don't know if anything happened but they were like yeah you can't bring your kid and I'm like my kid is nearly eight months old um I will not just be like leaving him at home.
So what are you gonna do?
Oh we're not going we're not going we're just gonna hang out oh it's fine but you know when you're just like That's a strange rule.Also, I want to know what happened that made you ban kids in general?
You just know that someone's kid was like running up the hallway smearing shit on the walls or like something extreme.Yeah.Because if it wasn't like fair enough, if it was a kid free hotel to begin with, like an adults only hotel, but it wasn't.
Remember, I have my wedding there.
There were kids everywhere.So I'm really curious to know.I just need to know the guy. Anyway, anyway, moving on.We have some new five-star reviews, guys.
Miss Jessica Ricci, do you want to start us off this week?Absolutely.My one is from KitKatKate.Cute name.And she said, I love this podcast so much.It has taught me so much about money that I wish I knew years ago.
Better late than never.Highly recommend.And we do.We love you, Sweetie.
Love you, Kate.It is so sweet.I was in Spotlight yesterday and I met one of our She's on the Money community members and I looked like a bogan.I was wearing my socks and my Birkenstocks together.I call them Birkensocks.
And I was buying embroidery thread and did not look my best.And she was like, Hi, what are you embroidering?I saw it on your stories.Oh my gosh, I'm making Santa sacks.
you know how online I don't know if anybody else is as chronically online as me but I've seen a lot of girls buy like jeans that have like little flower embroidery patches on their like jean backs and pockets and stuff and I think it's so cute and they're so expensive and I'm like can't be that hard.
You could just do it yourself.I could do it myself and thread like colored thread is like a dollar fifty each so I was like this could be me.And also I have ADHD, so it's my current hyper fixation.It's my hobby.
I'll probably have a new one in two weeks.
Thank you.Great.Well, before you get there, can you embroider me some jeans?
I would.Yeah.Let me learn first.I mean, I have done embroidery before, but like, let me just brush up on my skills and then you let me know what you want and I'll do it for you. Perfect.Thank you so much.Exactly, exactly.
But I want to know, what's your five-star review that you're going to share this week, Bec?Okay, so this one comes from Brooke.Brooke says, I'm absolutely loving this podcast.It's all I want to listen to 24-7.
I appreciate the way Victoria Devine explains complicated and confusing, in brackets, for someone with no financial background, subjects in a way that is simple and easy to understand.Thank you so much. I know.
Thank you so much for this amazing resource.Fabulous.She's on the money team.
I love that.Also there's like 700 plus episodes so we can be in your ears all the time.Also I wouldn't wish that upon anybody.Like that's a lot.
It's there if you want it but maybe you don't want it.
Also like I mean thank you for the five-star review.I really appreciate it but there are a lot of other good podcasts.My favorite one is Morbid.You should like mix it up a little bit because only wanting to listen to this?Girl.She's only human.
It's true.It's true.I have one though.This one's from Marie Kim.She says, love the empowering energy.I'm a long way from being a millennial.My 30 something daughter put me on to She's On The Mind.
But I figure it's never too late to learn about money and finances.So true.She's so right.Financial literacy is so important for women and no matter what age you are or what your current knowledge level is, this is a fantastic podcast.
Lifelong learning is the key.That is so cool.
Hi, everyone's welcome.I feel like you guys might have noticed we have been moving away from the hello and welcome to She's on the Money, the podcast for millennials.
Because I'm like, our community is so diverse. Yeah.Like, and over the last, what, six months or so, we've been like the podcast that makes personal finance fun.
And I think that that's really like, it's important to point that out as well, because we're not just for millennials.Like we have so many younger people and also so many older people.Like we have women in their seventies.
And I think we had a message.What was it like a couple of months ago?And they said, my grandma, who's 81, listened to your podcast and thought it was really fun. That's cool.Iconic.Yeah.Yeah, I love that.
There's probably an untapped retiree market we could get into.
What do you know about retirement?Not much yet, but hopefully soon.Hopefully very soon.
We're working on it, you know.
Let's go on to the money wins from our community this week.Jess, what are you bringing to the table wearing a witch's hat?
Firstly this week I have one from Holly who said, because of Shiz and the Money's recommendation to build an emergency fund, for the first time ever I was able to pay an unexpected $300 bill that popped up with cash instead of putting it on my credit card.
Isn't that so cool? and you're not just staying out of debt, how good does it feel being like, holy moly, I've got the cash for that and that's me changing my money story.It's amazing.
And lots of sweet people were getting around Holly on the thread which was super cute.As they should.We love to see it.
Next I've got a money win from Lauren who said, I told my boss that I was working on saving some money to buy some new furniture and she offered me an extra 12 hour shift to pick up. Oh, thank you.Thank you.Love that.
Oh, that's a photo of a truck that was tailgating me.Next, I've got a money win from Katie who said she recommended our fabulous Celebrant to two couples who we know who both ended up booking her for their wedding.
The Celebrant ended up sending us a $100 restaurant voucher as a thank you.That's so nice.
We go out for dinner on us.You're a new couple and probably spent all your money on your wedding anyway.That was just like so thoughtful and sweet.
Next, I've got a money win from Sarah who said she saved 10 grand off of their new shed build just by getting an extra quote.She said she usually gets three, but this time around she just ended up getting four.
And the last one that came in was $10,000 cheaper than the others.What?
get your quotes, get more than you think.See I need to go get some driveway quotes.There you go.
Yeah because like ours came in and I was like absolutely not and so right now I have like a derelict front yard because we've started demolishing um and then we realized that the quotes that came back I was like I am not willing to pay that.
Expensive.Absolutely not yeah but just exorbitant like I know that putting in a new driveway it's not going to be cheap Jess.
But like Don't take the mickey, you know.
I'm not going to play with you if you're not going to play nice.Shop around.Well, I suggest at least four as per Sarah's recommendation.
So there you go.All right.What else have you got?
And lastly this week, I've got a money mint from Maddie who said a brow salon that she's visited in the past posted on their Instagram story because they had a couple of free slots for a brow and lash appointment if you are happy to be a content model because they needed it for the Instagram.
You can take pics. picks anytime.Absolutely.So Maddie swooped in, snagged a booking and saved herself $120.Yeah, because I guess it was a free treatment.
Oh my gosh, it's getting so expensive.Do you guys remember, Bec, you're probably going to be like, nah, never, when like a full set of nails was like $30?Crazy.
Do you remember when you used to get them like in like end of high school like 30 bucks and you get these chunky ass acrylics and they're like terrible?You know the ones with the really thick white tips?
Oh they sound so good though.
But like they were $30.Yeah they'd be like how much are they now?Plasticky.Oh you're paying like $70 at least to get your nails done nowadays. to the material.
And I mean, we live in like what, central Melbourne, so like it might be less out of Melbourne, but like it's, I'm not saying it's not worth it, like absolutely not, like still pay your nail techs, they deserve it, but at the end of the day, like just remember when things didn't feel as expensive.
So expensive.Yeah.That's why I do my nails at home, because it's just so expensive.
I do my nails at home as well and I love it, but I do pay for my brows and lashes, that's not something I'm willing to mess around with.We all know I'd mess it around real bad.
Yeah, come in with no eyebrows and you'd be like, um, I thought they were tattooed on Victoria.How bad did you ruin it?And that's it for me this week.I love that.Alright, Bec, have you got some little broke tips?
If so, what are they?I do.Actually, just really quickly, I almost had a money loss this week.
And I just, I feel it's important to tell in case anyone else gets one of these.So I got an email the other day and it was like Rebecca Syed and it had my date of birth and it was like, how do I know this?
And it was very like, it was scary, but it was also very like, they're talking to me and they're like, we've tapped your computer and we're going to share all of your... Oh, I've got that one before.
And I was like, excuse me?And they're like, all this, all this time you've been rebuilding your reputation.I was like, I don't know what they're talking about.But I was also like, I'm scared about what they...
I have been trying to keep a clean little reputation.Yeah, I was like, I guess everyone knows everything about me.I'm a nice lady.But I was like, is there?I don't know.And so you start questioning yourself.And then I was like, we're nice people.
Just send us $2,000.And I was like, what is a Anyway, I didn't end up doing anything, obviously, because I was like, I guess I don't, you know, I'm not too worried.And nothing happened.
But I guess if there's someone out there... You're like, what are you going to do?Say something bad about me?Have a fun time?Yeah.You want to send photos of me to everyone?Everyone has the ugliest photos of me that I've ever seen.So I'm not worried.
You think you can say something to me that I haven't said to myself?
Yes, Jessica. that everyone has something they want to hide and they're just hoping that someone goes, oh, like, I've got photos or I've got screenshots or I've got something I don't want to get out.Share them.Share them.
Are they photos of me pre-baby?
Yeah.Show people what that was.Is it me looking down at my phone with a double chin?Sure.
Send it.Completely.You are welcome.
In case anyone gets one of those, don't do anything about it because it's not real.
No they're not, they're fully just hoping that you'll be, you'll panic and you'll send them back.
I do really enjoy the scam the scammer videos that are going around at the moment.
I just, I love it and when the guy pretends to be the little old lady and he's like oh yes I got the apple gift card and he's like yes read me the numbers and then he's like yes I've just put it in and I bought something with it that's so exciting and the scammer's like you're not meant to do that!
It's just, Sweet revenge.Oh yeah.
If you're a scammer, you deserve it.You deserve every awful thing that's coming to you.
All right, back to Broke Tips, Bec.Yes, okay, so this first one comes from a friend of mine who says, if you save, this is all Halloween themed, just by the way.Yay!Yay!
If you save your... Oh, we didn't Halloween theme our money wins.I know, that's actually a shame.Really, I did look.Bec had a money loss, or a Neil money loss.Spooky.Spooky.
I'm gonna be doing that all day.
Okay, so my friend says that if you, you know at the end of Easter, like everything's super cheap, like all the eggs and stuff like that, she said if you save all those, you know, you save all those and you put those really cheap, you can also like Boxing Day, things like that, any kind of day where chocolate is crazy cheap the next day or day of or whatever, just bulk buy.
And kids don't mind if their chocolate's got a little bit of that fat bloom on it, they're gonna eat it, they don't mind. Oh I did, I wouldn't eat it as a kid so be careful because I think that Jess would be the same.
I don't know what's a fat lube.You know where they get the little white cast on chocolate?Is that what that is?Yeah, it's the fats in the chocolate coming out.It's usually just like cocoa butter.Oh that's disgusting sounding.
But it's cocoa butter, that's in chocolate, it's good for you, it's not bad, it just starts to separate over time.I just thought the chocolate was going bad, I've never really given it that much.No, you were like over and out.
You can cook with it still though because it will re-melt into your ingredients.I buy the mini eggs, but then I regret
the mini eggs when I decide to use that chocolate for a recipe and I have to hand unwrap all these tiny little eggs and put them in a bowl until like you get 200 grams or something and I'm like why did I do this?
Oh my gosh.Why is there not a TikTok hack yet for quickly undoing all of them because sometimes like you're I am ravenous sometimes I'm insatiable especially with these little eggs.I like that it slows me down.Yeah that's fair.
Yeah like I need to be I need to be held back from the chocolates.And so individually wrapped things help.Because you best believe if I buy a whole block of chocolate, she's gone.Gone.She's gone.Like I opened it.
It's one serving.One packet equals one serving.Yeah.No, I agree with that.I agree with that.This next one comes from Alex.This one is silly and really funny and just like maybe no one will use it.
If you put a an empty bowl of just an empty bottle out and you put like a little sign saying just take one, then it'll look like you've you've been pillaged already and you don't have to do anything.
Oh, it's electric or treated?So you can't afford to get a lease to give away, but you don't want your house to be egged.I was like, what's this for?Yeah, exactly.
Do people still egg houses?I'm sure they would.Surely.
Someone cut us off. and they honked at us really loud driving home the other day and my boyfriend was like, on Halloween, we're going to find him and we're going to egg him.We're not, we're not, but he was like, it's the perfect excuse.
I mean, I don't want to waste eggs, but can we keep eggs in our cars and just egg people who cut us off?
Is that an option?Completely.Happy Halloween!That's so fine, I think.
Trick or treat!Haha, it's a treat!Haha, it's not even a treat!
It is such an annoying prank though, isn't it?
Yeah.I remember our house way back when I was probably like eight or nine got egged.I don't know if it was on Halloween or not.
But like our house full got egged and my mum was off it because it was summer.Oh, yeah.Yeah.She was not happy with it.
And I was like, ew.That is nasty.Did they cook?
Like they just they didn't cook they just went hard like they like they like had kind of dried onto the walls and stuff and we had like a brick house so it was kind of like in the brick yeah I just remember mum being like fair enough yeah I agree with her I would be pretty pretty mad about that.
Less messy humans.Preferably yeah.But also I don't understand the like I understand the concept of trick-or-treating, right?Really cute.
But like, now I'm a mum, I'm like, am I going to tell Harvey about stranger danger 24-7, like 364 days of the year?I'm like, strangers, got to be careful of them.
One day of the year, I'm like, so what you're going to do is go and knock on strangers' doors while you're dressed up and take whatever candy they give you and be grateful for it. Yeah, true.Do parents normally go with little kids, I feel like?
Mate, I don't know how this works, but my son will not be doing trick-or-treating by himself.I mean, I have to do... Jess, I have a job.I have a job for you.You live in a really nice estate.
I'm going to drop my kid over to you on Halloween and be like, looks like a you problem.
I'll take him around.It's really good.Our estate's quite good because they do a map every year.So if you... If you're going to have candy, so it's so people who don't want to participate don't get knocked on their door all night.
So if you're going to have stuff for kids, you put your name and your address goes on a map.And so then they have a map of the estate of where to go.And usually they'll say, Oh, like if you're like, if you want people to come.That's kind of cute.
And that feels a lot safer. And like genuinely, you living in an estate makes me feel a lot safer.It's very community-based.I live on a main road, like not feeling great about that.
It's not an option.You live in a perfect utopia.It's pretty good.
She does.It's basically gated.
What's your broke tip back?Okay.My one is I went through and I compared all the prices of like lollies and stuff like that.So just like a generic one, I'm going to use the Freddo, the 12 pack of Freddos for example.
So in Coles and Woolworths, $6, Reject Shop and Aldi $5, NQR roughly like $2.
Obviously NQR is iconic, but also who cares if it's running out soon?
NQR is so good.I'm assuming there'll be something at cheaper by miles.There's heaps of them.There would be some equivalents for other states, but just have a little look-see.
I'm not sure if there's an NQR everywhere, but I'm sure you'll find something equivalent.But yeah, so I recommend all your Halloween shopping, go to NQR.And even if they're like lollies that no one's ever heard of before, some weird stuff.
They don't mind.Just chuck it in there.
I feel like lollipops are really good too because they often come in packs of like 50 and they're quite cheap and they're individually wrapped as well so I feel like stuff like that is good.So true.
I haven't done anything.I feel bad but I'm also... Your house is going to get egged.See, now I'm scared.I feel like even going to Kmart and getting the party packs, you know how they come in like individually wrapped candy bracelets and stuff?
If I was a kid that's what I want.Yeah, totally.I want a candy watch.
Yes.Something fun.Yeah, 100%.And then all the Halloween themed candy goes on sale the day after Halloween, like Easter.Jess is on it.
Yes, and you save that for next year.Stock up.
What have you got your eye on to purchase this season, Jess?
You know the trolley, like they do the, they have like a Halloween like mix pack and I like them because they're individually wrapped and they're good to just like keep in your purse for an afternoon gummy whips.
I feel like in the most non-offensive way ever, Jess belongs in Utah.
Like in the nicest way possible, like super wholesome, always has good hair, like wants to drink a lot of Diet Coke, also wants to celebrate all of the like holidays with a theme and has like a mega mansion that she like dresses up.
Barbie Dreamhouse vibes.Oh, I wish I had a porch to decorate.
It would be so fun.Porch?See, she even talks about porches.I'm just so happy you guys supported me this year and finally dressed up for the show.
I'm just wearing a tiara, but we forgot.If you were better organized, Bec, what would you have dressed up as?
I was meant to be Ellen DeGeneres.I really like that. I really like that.
That's so sad we missed out on that.
I'll try and do it sometime this week.
All right.And Jess, what were you going to dress up as?Had we actually said, yeah, of course, we're in.We definitely were prepared.
I would have done the classic Britney Spears baby one more time because I feel like it's simple enough of an outfit that I wouldn't feel crazy walking into the building in it because of the grey cardi, the fluffy little, you know, tails.Yeah.
Oh, no.So I would have recycled my Barbie Fairy Topia costume.Oh, that does need another excuse.Yeah, it does.Yeah, I would have recycled that.I think it's got a tutu, a little like sparkly top.I've got fairy wings.There's a tiara.
Like, it's just a lot.Unfortunately, I got rid of the blonde wig.So would have had to buy another one.But, you know, you get what you get.
But I bought all of the jewellery for that too, like the Barbie Fairy-topia necklace, the Barbie Fairy-topia bracelet.I also had the Fairy-oke karaoke wings.
Yes, of course, if you'd like to borrow them, no worries.Actually, it's like a backpack that you put on and it's plastic fairy wings.Did you see them?You were at my birthday.
Yeah, I'm picturing... Yeah, so everyone had had a few beveraginos, except for me because I had found out the day before my 30th birthday that we had that I was pregnant. pregnant, so I was drinking fake champagne all night, duping you guys.
And yeah, it has like an attached wand, which is actually the microphone and pre, like the backpack, the middle of the fairy wings, speaker.
Oh my God.Lights.Why did I know that? That's cool.
What do you mean?You did know that.I was dancing and singing all night.This is before morning sickness took hold.Right, of course.It was fantastic.Let's go to a really quick break.
On the flip side, we're going to talk about what to do when you find out that your colleague is doing the same job as you but getting paid way more and something that you slid into our DMs about.
We're chatting about whether you should ask your partner to stop going to the bank as mum and dad.Don't go anywhere, guys.
Welcome back, everybody.Let's take a listen to this week's Money Dilemma.
Hi there.Have you got a money dilemma you just can't solve?The She's On The Money team is here to help.Every week, we tackle your dilemmas, both big and small, to answer your most burning money, career and life questions.
To get involved, simply head to our website and leave us a short voice recording and you might just find yourself on the show.Now, let's take a listen to this week's Money Dilemma.
Hi, she's on the money.Love, love, love your work.I have a question here and would really like your advice.Our company hired a temporary support staff from our head office from Europe.After a few months, she decided to want to stay in Australia.
So the company sponsored her for a visa to work in Australia. So she worked in a very similar role as what I do, like a project coordinator, project administrator sort of role.Do not really need special skills at all.
Lately I found out that she's actually getting paid more than double of what I'm getting paid at the moment and her workload is probably only 60% of what I'm doing.I feel really frustrated about this.I want to know
Is this even legal in so many different levels?Should I confront my boss about the big pay gap difference or should I be looking for another job? Thank you in advance.
Oh, my God.When she said, oh, she's being paid more.I was like, oh, I don't know.You know, I do.Yeah, we've all been there.But also, like, I don't know the context.Like, you know, has she come from overseas with a lot more experience?
Like, and I'm not trying to justify it because that sucks.But I'm assuming like then she gave us the context.And I was like, sorry, girl, what?Double is insane.Double.And she's doing less work.
That is so criminal.I think it is criminal.
I don't know, maybe it's not.It is, but it isn't.It depends on their award rates.It depends on the legalities of the industry.Is it acceptable?No.And that's what we're going to talk about, right?Yes.
So I want to know, what would you guys do, Bec, if you came to work and found out the new person at work was being paid double what you're doing, less work?
Okay, what would you do?This actually happened recently, but not with me, with someone.Someone that you know.I'm going to name them Sharon, and then the other person was named Kim, for example.Okay, great.
First of all, I just want to say I'm so glad that Pacey Griffsey is no longer a thing.
Anyway, but to also just caveat that, you need to be really careful because while it was abolished, if it is still in your employment contract, while not legal, your workplace might have some type of ramifications for talking about it if you signed a contract that has that in it.
Yeah, that predates when pay secrecy was not allowed to be included in your contracts. So now I want to talk about pay and I really want to be completely transparent about it.
Like you guys know me well enough by now, but I also don't want you to get in trouble.So I want to make sure that you're protected.So know that, but also maybe next, you know, salary review or like job review, be like, you need to remove that.
Anyway, sorry, back to you, Bec, because I didn't want anyone to be like, oh yeah, we can just talk about it.
Sure.That's great.Sorry.No, no, no.But basically, Kim and Sharon, Sharon told Kim that Kim, well, actually Kim asked Sharon how much everyone was getting paid because they're doing all the exactly, literally exact same role.Yeah.
It's the exact same role, the exact same title.And Sharon told Kim, this is how much we get paid.Kim realized she's getting paid 12K less.
for no, absolutely no reason.Anyway, when the bosses found out that Kim knew blah, blah, blah, they went to Sharon, they were like, you shouldn't be, they were trying to intimidate.You shouldn't be sharing that information.
Disgusting, despicable, I hate it.If your company does that, DM me. Yes, yes, yes.
I'll ask them about it.I'll give your boss a call and be like, hey, so Bec, I just was wondering, were you doing this or not?
Yeah.Luckily, Sharon stuck up for herself and she was like, basically, I just think that if you
don't have it in your contract, you are allowed to be talking about it, then you can shout it from the rooftops because there are people out there who have maybe been loyal to a company for so long.Absolutely not.
In so many different situations and things like that, and they're getting paid less than everyone else.They don't know about it.Everyone needs to know.Pay secrecy. I don't like it.But pay secrecy only benefits the employer.Exactly.
It doesn't benefit anybody else.I completely agree.But to answer our listener's question, should you confront or look for a new job?I say both.You should definitely, you should definitely be confronting and definitely be looking for a new job.
Next one, start a riot.I like this.I don't like this.We're not moving it.
I completely agree.How would you go about that though?
like oh well actually maybe I'd find a job first a secure job and then when they're like hey oh you're leaving why are you leaving like because you guys are so sneaky and I'm gonna make sure everyone knows.
And I'm gonna put this on Glassdoor.
Yeah I was gonna say I was just gonna say put it on Glassdoor put it somewhere like
The one thing I will say is that with the workload thing, I think sometimes you can look at a co-worker and it's easy to go, oh, they seem like they do nothing.
But unless you're like... Everyone looks at me that way.They're not wrong, but everybody does look at me that way, yes.
But unless you're like sitting like side by... Do you know what I mean?Like I think that it's easy to go, oh, it seems like they're doing half my workload, but you don't necessarily know.So I don't know that I would... That's hard to quantify.
So I don't know that I would build that into my argument because I think that sometimes jobs that seem like they're not taxing actually have like an overwhelming amount of just like tedious things or whatever that you might not know that they're dealing with.
So I wouldn't build that into an argument just because it might be easy for them to refute that and say, oh, actually they're doing X, Y, and you go, oh, crap. Now I don't have an argument.Completely.
But if you're doing similar roles, the pay should absolutely be similar.
There's really no good reason, as you said, outside of maybe historical experience or seniority, but even then you kind of go, if we're doing the same thing, how much does that really factor in?I think that I would
It depends how much you like your job, really.
Like, if you like your job, if you like what you're doing, you like your colleagues, then it is worth, I think, having the conversation before looking elsewhere and saying, hey, like, I've been made aware of this disparity.
Can you please explain to me why that exists?I think giving them an opportunity to say, you know, this person maybe is managing some of the team back in Europe remotely or this person has 10 years more experience than you or whatever the case may be.
And if there's nothing, if there's no good reason, which it feels like maybe there's a good chance that's the case, you're going to catch them out and they're going to be like, ah, ah, they, ah, and you're going to be like, gotcha.
And then you can kind of, I think, launch into the negotiation and be like, this is really unreasonable.If you can't give me a reason as to why you're being paid more, I don't see any reason that you should not be matching my salary to this.
see what they say, hopefully they go, oh yes, we're so sorry, you're totally right, we'll sort that out.If they don't, that's when I would personally start looking for another job.
Especially if it's like for like, like I get so frustrated.I also feel like I don't like being super confrontational in these situations because it doesn't help you.
Like marching into your boss's office and being like, what are you doing, is not a great idea.I would actually step back for a hot second and be like, okay, how long have I been with this organization?Let's go back to basics.
Let's look at my employment contract.Am I fulfilling everything in that contract?Fantastic.What am I doing above and beyond that?
Because we all know if we've been with a company for a couple of years, we might be adding a few things here and there or like we might have lost a few like responsibilities and had them replaced with something else.
We want to understand whether the job title you have today is still reflective of the role that you perform.
because it is a lot more persuasive to have an argument that's not only should I get paid more, but also I have been thinking, I need a role title upgrade and a salary upgrade.What are we talking about?
I would then, from my perspective, schedule a meeting with your manager and say, hey, I'd really like to schedule a meeting to discuss my salary.
Give them enough notice and say, I would love to sit down with you at lunchtime on Friday or at 2pm on Friday. actually definitely at 2 p.m.on Friday because we don't need to do salary negotiations in our lunch break.That is a work conversation.
So, we're going to have our Friday conversation and then the day before or the morning of, you're going to send a really nice email to your manager and that email is going to outline everything that you want to talk to them about in a really clear, concise way and you're going to deliver it in the nicest possible way.
So you're going to say, Hi Bec, I just wanted to send you an email ahead of our meeting because as you know, I would like to discuss my pay, but I want to make sure before this meeting to make sure it's as productive as possible, we're on the same page.
I would like to let you know that I have done some research.So we're going to do external research as well.I've looked at the Hayes salary guide.I've looked at Glassdoor.I've looked at what seeks remuneration for similar roles are.
And the role that I'm currently doing is sits at X. obviously don't use that statistic if it's not going to work for you.But like I've done some reviews and in a perfect world, that review will say that you're being underpaid.
So you put that on the table and say, so I would really like to discuss my salary in light of this.I also would like to discuss the discrepancy between my role and another employee's role.
And I want to have a discussion around pay parity in the organization.What does that look like?How can that be remediated?Because right now I don't feel very engaged.I don't feel like I'm being valued.And obviously we all want a really nice outcome.
look forward to the conversation because that gets all your information out before having to go.And like, we're just girls.At the end of the day, like sitting down and being like, I need to advocate for myself.Like, don't get me wrong.
If you can do that, that is absolutely fantastic.But you're also giving your boss some time because often in these situations where there's levels of management, It's not your manager who makes that decision.
So, like, in my organization, great, Jess might come to me about salary.I do call the shots.That's the right decision.
But, like, Jess sending an email because, you know, Beck might be her manager because Beck then has to go to me to advocate for that.I'm giving you all of the tools and resources you need to advocate for me on my behalf.Does that make sense?
So, like, if your manager maybe goes, oh, yeah, Jess wants a pay increase. what are we going to do?
Like at least I have put all of the information on a page and Bec could forward that to my manager and be like she's got a really good point, like this isn't actually acceptable and outlining all of that and at the same time I would be looking for another role.
I think these conversations are really constructive and help us grow but I also think that
it sounds like they don't value you in the way that you deserve to be valued and just because you've quote uncovered this and it might be remediated doesn't mean that they are going to continue to value you.
I would find an organization that backs the hell out of you.Yes, yes.But have this conversation, make them pay you more and then the week after they've done that leave.
completely agree.Sweet, sweet revenge.We call that messing around and finding out.
Maybe they'll back pay you as well if you're lucky.
Yes, Kim was back paid in my story.
Yeah, absolutely.Absolutely, back pay is another thing to negotiate.So I just think it's It's wildly unfair and I hate that these things happen and I'm really sorry.
Like, I'm really sorry that you have to advocate for yourself when your management team should be looking at the overall remuneration structures.
I know that over time things get a little bit off, but it's their job to ensure pay parity for like-for-like roles.
Insane.And if you want to leave us a money dilemma, by the way, we've had a few people DMing us recently being like, hey, how do I do this?Go to our website, shesinthemoney.com.au and then there's a podcast page.
Go to that and you can literally drop your voice notes straight there.
Yeah, you can record on your phone, you can record on your desktop.It's a 10 out of 10 idea.You can also leave love notes there.So you can just leave us little voice memos, which some people do and we find really fun.Absolutely.
Would you guys like to get to the DM that we got this week?
Absolutely.Oh, I've been waiting for this one because I feel like we've got thoughts, you know.So, this week we received a DM.They said, hey, She's on the money.I have a money dilemma.
I grew up very poor coming from government housing where money was scarce and I never asked for money as a kid or even now because I know money is a struggle.My partner grew up wealthy and got what he asked for whenever he wanted.
Is it fair for me to ask him to stop asking his parents for financial help?I feel he doesn't value money and doesn't understand how to work and save for the things he wants.
He continuously goes straight for the bank of his parents when he wants something.It is never for needs.I can't tell if it is a red flag or if my jealousy is just showing up through him.
I like that you're thinking about, you know, am I just envious about this situation?It's not you being envious.
I think in this situation, wanting people to value money, especially if you're in a relationship together and you're building a life together, I think is a very big shared value set.
Validating you there, no, it's not envy.
Like I'm a little bit jealous if someone was just going to give me free money, I get it, but this is a bit deeper than that.
Yeah, I agree.It really does sound like me and my best friend Liv.It's so weird because we did grow up completely differently.
She came from a very wealthy family and they did work very hard for their wealth and I grew up not so well off, but we're both like exactly the same.And so I think living with her, we lived together for a few years
And there were definitely moments where I was like, oh, it's it kind of like hurts a little bit in my belly to see that she might be given opportunities that I might not.That would have been challenging with such a close friend.It is.
But it's also like I also. I tend to remind myself that we are exactly the same, but I am very, very grateful for my upbringing.I'm very, very grateful for everything that led me here.
If even one tiny thing changed, then I wouldn't be exactly who I am today, and I quite like exactly who I am today.I love that so much, Bec.I know that if something went wrong, hopefully it's the same for our listeners.
If something really, really went wrong, you do kind of have access to that.Hopefully, I can imagine that if you're in that situation, it's nice to know it's there.
But I do understand the feeling of being like, wow, I've got to work for this and you can kind of just ask for it and you kind of get it.That does suck.
But honestly, if you're trying to teach financial resilience and things like that, I can understand why you maybe want to get your partner to not do that as much, but I think it's okay.Is that really bad?
I think it's fine, but it is a valuable thing to learn.Those are resilience and independence financially and stuff like that.
I don't think that either of them is wrong.I understand that it's very frustrating
if you and your partner have different perspectives on money and handling that and if you're in like you're obviously both byproducts of the environments that you grew up in and I can see how for someone who's had to work really hard for everything seeing someone just be handed something would be frustrating and you I can understand being like well you're not gonna learn because you're just being bailed out every time but that being said like I don't think
I think I've said this before, I don't necessarily think it's reasonable to expect your partner to change fundamental things about themselves and fundamental things about their upbringing.
I think that it's absolutely worthy of a conversation and saying, hey, I feel like you're not respecting the goals as much as I am because you're not
prioritizing them, you're spending on other things and then hoping that your family will bail them out.
I think that that's a very valid conversation to have but you also need to recognize that the case might just be that you have different value sets and different experiences with money and that they may be too different for you to be able to operate together.
Because ultimately, you're hopefully, assuming you want to follow a traditional trajectory, going to be with your partner for the rest of your life.And it may be that that's not something that they can or want to change about themselves.
And on the flip side, I feel like if their parents are in a wealthy enough position that they can help them out financially, don't we all really want to build generational wealth so that we can look after our future generations?
That's where I was going to go with it.Like if I worked really hard and I'm a multi-millionaire from my mouth to God's lips, you know, or God's ears.This is why her prayers haven't been answered.
She's just been trying to kiss up on God. You went to make out with him, you went to all her.He hasn't been listening to me.
You know what I mean, you know what I mean.But dude, like if I found myself in the position where I was wealthy, of course I would want to support my children and give them every opportunity and whatever.
So I can't really fault your partner or their family for being in that position.I think what we really have to do is reflect on is this going to be something that's going to bother you long term?
Because you may not be able to reconcile the difference.Do you know what I mean?I think that you're both in the right.And honestly, I grew up in a less prosperous household and I would be the same.
I would be pissed off that if someone was not putting in the hard yards and I felt like I was.I fully get that.But I also think that you can't necessarily expect that to change.I don't know that I think that that's a reasonable level of expectation.
Does that make sense?I feel like I'm contradicting myself.
No, I totally get it.I think looking at it from the flip side, we all want the best for our kids, right?And if his parents I don't know.I look at myself, right?Like gift giving is a love language of mine.Like, I love it.I bring gifts for the team.
I bring gifts for my friends.Like, you best believe, like my baby, he needs something and I have the ability to get it for him.Not only do I want to, but it gives me a deep sense of validation to go, I did that.Like, I got that.Like, I don't know.
I just, I feel as though maybe his parents have, like, look at it, right?Like, let's take your situation, Jess.You said, I didn't grow up in a prosperous environment.
If you then had kids and you were super prosperous, you often find that the parents who grew up with not much, they want to give their kids absolutely everything.And they're probably getting a lot of validation from it.
So he might have just grown up with this situation of being like, oh, I really want this.And mum and dad being like, girl or boy, whatever, you can have it.Like, all he has to do is message his parents and he's got it. That's fantastic.
But we also, I get the MB side of it, like if that exists. But I think it's also fair to go, we're not on the same page financially and that's where we need to zoom out.
If that's part of his money story, fine, let's sweep that to the side for a minute.What are we working towards together?
Are you saying that your partner right now just spends his money really frivolously and then just asks his parents for heaps of stuff and doesn't have a heap of savings, but you have a heap of savings and you're trying to save for a house and he says he's in, but he's not really in because he's spending all his money and seems to have the bank of mum and dad backing up his spending behaviour.
Is that what you're saying?Or are you saying he's saving, he's investing and we're working towards this really secure financial future together.I'm compromising a lot.I'm not getting all these things that I want.
He's saving all his money and just texts his mum when he wants a new PlayStation. Right.Like so he's not having to dip into savings and have that level of compromise that you've got.
Does that make sense?So like that would annoy me too.I'd be like, oh, this is so unfair.Like I'm compromising.
And you know, at the end of the day, I'm not buying the makeup and the shoes and the clothes that I want because I'm trying to save for this house.And he's doing the same thing and saving, but then he's just asking his mum for the stuff.Yeah.
Like, oh, okay.Yeah, that would suck. need to have a conversation about this and this is about not only understanding each other's money stories but your shared values and what you're working towards together and what that's going to look like.
So is it bad that he's using the bank of mum and dad? I don't think so.And the reason I don't think so is you never deeply know somebody else's money story.And also, who are you to judge?Like, if you could do that too, I'm sure you would.
I live in a world where I didn't grow up super rich.My parents couldn't give me all of those things either.I love everything that they did, but we weren't super wealthy. On the flip side, I'm now starting to make more money than I ever have before.
And I'm trying to balance this, like, I don't want my kid to be spoiled, but I also want to make sure that he has all of the things that I think he needs and deserves.And so I am thinking. What do I do?Do I invest for his future?
When he gets to 18, would I want him having access to money?The answer actually between Steve and I is no.We want him to be older than that.
But I know that the world is a really tough place to live right now, and I would like to be contributing towards a first home deposit for him in the future.And I want to do that for my other kids.And how do I establish that?
By the time my son gets to the age where he's buying property, I love that we could help, but I know that that's not what lots of his friends might be experiencing, or his partner might be experiencing.
That doesn't mean that it's the wrong thing for us to do.And as his parent, if my son then had a partner that said, you need to stop that, I'd be like, Oh, I worked really hard to be able to give him this.
I worked really hard and that was like my mission and my driving force.And now you're telling me that I can't give my son the things that I want to give him.Does that make sense?And like, it doesn't mean it doesn't hurt.Like just because
I'm saying that it can still happen doesn't mean it's not frustrating.Like from the outside, like you can be annoyed and Beck, you can look at your friend and be like, that's so annoying.
But then I think, you know, if you sat down with your friend's parents and said like, oh, why do you just give her stuff?They'd probably be like, we're so proud to be able to do that. Like, it's so cool.We worked so hard.
Like, they might tell you stories about how they grew up and, you know, maybe they lost some businesses along the way and then they did a new business and something finally worked.
And like, everyone has this narrative and this story that you don't know about.So I don't think it's fair to judge it.But I also think it's fair to have a conversation and say to your partner, I'm feeling really uncomfortable about this.Yeah.
And that's fair.Telling him to stop is a different conversation than going, hey, I'm noticing that you're doing this a lot.Can we talk about it?Like, I feel real weird about it.
Like, have you always done this?
Like, what does this mean?Like, how do you value money?
What are you going to do if your parents maybe aren't around one day?Yeah.Because I can understand the fear that poor money habits now might mean in the future when there's not someone there to support you.
You could go, Oh God, what's going to happen if you... What's your plan for the future?
Like your parents are doing this for you.How are you planning on setting up the same structure so that you can do that for your kids?Yeah.Like, is that the plan?Like, I don't know.
I think there's a lot of money stories conversation, but shared values and beliefs conversations that need to happen before you go, Hey, I don't like that you go to the bank of mum and dad.
Sure. Sometimes all you need is just validation to someone to be like, Hey, I know I do this and I know that you could never, and you don't have access to that.But, and I see that nothing's going to change, but I see that.
And that's like, that's enough sometimes to be like, thanks.I'm going to keep on keeping on.Yeah.
But like also a rising tide lifts all ships.So like if I'm doing well, hopefully the people around me are then learning and benefiting from the fact that I'm doing well and we can all rise together.Like I don't want to rise if nobody else is.
What did everybody else say?We obviously asked a few questions and we said, is it a red flag for you if your partner relies on their family for their wants?And 74% of you said, yep, feels like a dependency.
And 26% of you said, nope, family help is fine if it's available. Fair.Fair.We also asked, would you ask your partner to stop relying on their parents?
60% of you said definitely because it builds character and 40% of you said, nope, their finances, their choices.Okay.
I think once you start working towards shared goals, it's definitely more valid.Do you mean because their finances are impacting your finances?
Yeah, I agree with that.Yeah, a hundred percent.And like, that's the conversation at hand.Like, how does this play into an us situation?Like, you're not asking his parents to buy you stuff, but you're just going, well, what does this mean long term?
Sure.Like, how is this impacting our financial goals?We also said, come on, give us your two cents.We want to know what are your thoughts on this? One person said, parents love language, maybe gift giving, which is quite funny.That's what I said.
It may be the one thing of the few things they feel they can do now their kids are adults.Someone else said, focus on your own mindset rather than your partner's.
Another person said, my concern would be that he has not matured and is irresponsible with money.Not a grown man trait that I want. I think that's good but also have we asked him?Yeah, right.
Like I get that you feel that might be irresponsible and I'm not even trying to defend him I'm just trying to see it from the flip side but you might see that as irresponsible and he might go, oh we've only been together for like a year I haven't really told you but I invest and I save everything and mum and dad know that I work really hard in the background and they're like real proud of that so like if I want something they don't want me spending my investment so they just buy it.
Yeah. And you'd be like, oh, that's a different story.And I'm not saying it makes it right or wrong.It doesn't.That would also annoy me.I'd be like, I'm so frustrated.I wish I had that.
But yeah, it's just there's lots of different things floating around.Yeah.Someone said, girl, that's called intergenerational wealth.Yeah.Someone else said in this economy, take all the help you can get.Honestly, fair.
Like if your partner was getting gifted stuff, you'd be like, yep, slate, no worries.
Like if someone had the ability to do that for me, like I'd be like, that's amazing.
Someone else said, I feel like you could just have an open conversation about it with them then.That's true.More conversations about money more often, please.Yeah.Someone else said, I'd feel the same as you, but it also doesn't affect you.
So maybe your values just don't align.
It's a hard conversation, but it's one that you have to have.
And then somebody else said, I would suggest having a chat with a therapist because you might have developed a scarcity relationship with money.Wow.It's very cerebral, but true.Yeah, it's true.It's true.
I feel like that's probably a good place to leave it.I feel like always talking about it.I mean, you can even talk to like a girlfriend about it or just having chats about money in general is really good. Absolutely.
We all come out of it feeling fresher.Like you were saying before, even just someone being like, Oh, I'm doing this.But like, I acknowledge that like, Bec, you're not in that position right now.
You go, Oh, thanks.Like, at least I feel like sometimes when we talk about money, there's an underlying tone of like, I think everyone should X, Y, Z, like, oh, I'm buying my first home.You're like, oh, I'm not in a position to buy my first home.
Does the person I'm talking to think that I should be doing that?Because like, I haven't saved for that.Like, what do I do?And I think that, yes, sometimes just acknowledging that not everyone is in the same position can be really constructive.
Yeah.Yeah, I completely agree.You wouldn't believe it.Sometimes the answer is communication.Beautiful.I didn't see that coming.That's crazy.
That is a perfect place to leave it.Thank you for joining us for our not that spooky episode of Friday's She's on the Money.We will endeavor to try harder next year.But yeah, spooky season greetings, I suppose.That's it.Happy Halloween.Bye, guys.
Bye, guys. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances.
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