She's On The Money

Being the financially responsible sibling is great. Until everyone starts assuming you'll be the one footing the bill for Mum and Dad.
This week, we're getting into a family money dilemma that's probably going to ruffle a few feathers. One community member has spent years building her savings, while her siblings have been spending theirs. Now their parents are getting older, and she's worried being the sensible one means she'll automatically be expected to contribute more. Is that fair? And how do you have that conversation without starting a family war?
Plus, a 22-year-old business owner wants to build her property empire and is wondering whether buying a home through her business could be a clever tax move, or a very expensive mistake. We're unpacking what she needs to consider before jumping in.
And because it's Friday Drinks, we're also debating whether wearing socks to bed is an actual crime, celebrating some seriously impressive Money Wins and sharing Broke Tips that might save you a few dollars.
Grab a drink, friends. We've got opinions.

Thank you to our friends at Revolut for helping bring our money wins to life! To learn more about Revolut and get your $40? – click here!
INVESTING CHEAT SHEET, INCOMING: Grab a copy of our investing cheat sheet over on our website shesonthemoney.com/download-resources.
WTF IS COMPOUND INTEREST? Learn all about what folks have described as the eighth world wonder by searching for ‘compound interest’ on the blog: shesonthemoney.com/blog
New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (queenacknowledgements.com)
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 - 4451289.
See omnystudio.com/listener for privacy information.

We're always telling you to invest, invest, invest. But here's a question nobody seems to be answering... when do you actually get to spend the money?!
Like, are we just supposed to keep putting our hard-earned cash into ETFs forever? When do the profits hit our bank accounts? And how do people actually use their investments to pay themselves an income without going back to work?
This week, Victoria and Bec are getting into the part of investing we don't talk about nearly enough: how you actually make money from your investments, and when you get to enjoy it.
From the difference between dividends and capital growth to why Victoria keeps 90% of her portfolio in ETFs, we're unpacking the strategies Australians use to build wealth, the mistakes that could cost you thousands, and why your reason for investing matters just as much as what you're investing in.
Plus, we're talking franking credits, the magic of compound interest, whether picking your own stocks is really worth the effort, and the tax advantages of investing in property.
Because building wealth is one thing. Knowing how to actually use it? That's a whole different conversation.
And there's so much to unpack that this is only Part 1. Trust us, you'll want to stick around for Part 2.
GET YOUR FREE INVESTING CHEAT SHEET: It’s yours for the taking over at https://www.shesonthemoney.com/download-resources
HIGH-INTEREST SAVINGS ACCOUNTS: We’ve compiled a list of some of Australia’s most competitive high=interest savings accounts over on the blog. Search ‘high-interest’ at www.shesonthemoney.com/blog
TUNE IN, TURN UP THE DIVIDENDS: Stream our investing playlist over at https://open.spotify.com/playlist/7iWOxtjWXFzTMLU6mtru2I
New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett (nartarshabamblett.com.au)
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 - 4451289.
See omnystudio.com/listener for privacy information.

She spent almost everything she'd saved travelling around the world, came home with just $1,000 in her bank account and has $74,000 in HECS debt. Oh, and now she wants to buy a house. At 23.
You'd probably assume this week's Money Diarist has some questionable money habits. But here's where things get interesting, because she's actually doing a whole lot better than you might think.
After years of diligently saving half her income, she decided that travelling, studying in Paris and enjoying her early twenties were worth spending her savings on. And while she wouldn't trade those experiences for anything, there's still that little voice wondering whether she should have put the money towards a house deposit instead.
Now she's earning $75,000 as a law graduate, has rebuilt her savings, started investing in ETFs and has around $12,000 eligible through the First Home Super Saver Scheme. She's also about to move out of home for the first time, which means swapping the comfort of living with her parents for $320 a week in rent, bills and all the other little expenses that somehow add up to a small fortune.
And despite being pretty financially switched on, she's giving herself a C+.
We get into her early investing mistake with crypto, why she's terrified of debt, the $350 she spends on entertainment every fortnight and whether spending your savings on experiences is actually a financial mistake.
Because when you're in your twenties, it can feel like everyone expects you to save for a house, invest for retirement, pay off your HECS and somehow have the time of your life.
Preferably all at once. Which is... ambitious.
But what if spending money on the life you want now isn't necessarily holding you back from building the future you want later?
SORT YOUR INSURANCE: 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 standing referral partnership with Skye Wealth and only ever partner with people we trust.

CHECK OUT THE SOTM INVESTING HUB: Full of our best investing freebies, resources, courses and podcast episodes here.

INVESTING FOR BEGINNERS: All our best beginner's investing podcast episodes in one place here.

Ready to binge more relatable, inspiring, and downright juicy money stories? Check out our ultimate Money Diaries playlist. Listen now
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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 - 4451289
See omnystudio.com/listener for privacy information.

Real talk, have you been preparing your Milo wrong? Join Jess and Bec for a special edition of Friday Drinks, where they discuss our community’s best Money Wins, Broke Tips and Question of the Week.
That’s right, Victoria’s away so the gang will be taking your ears on a detour from our regular programming to bring you a more laid-back episode. Featuring a DM concerning Buy Now, Pay Later habits and a community dilemma about what sounds like a very expensive hobby, this is proving to be one of our more amusing installments yet.
To buy a house or a horse? That is the question.
Want to learn more about Revolut and get your $40? – click here!
BREAK FREE: Ditch the Buy Now, Pay Later (BNPL) cycle for good. Here’s a blog to give your debt a run for its money. Search ‘BNPL’ at shesonthemoney.com/blog/
DEBT HACKS: Need a hand? Check out our article on avoiding and abolishing debt on the blog. Search ‘abolish debt’ shesonthemoney.com/blog/
YOUR MONEY PERSONALITY: Wanna buy a horse, but aren’t sure if it’s the right decision for you? Complete our Money Personality Quiz to figure out what actually matters to you over here: shesonthemoney.com/money-personality-quiz

New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (queenacknowledgements.com)
Thank you Revolut for sponsoring this episode.
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 - 4451289
See omnystudio.com/listener for privacy information.

Be honest. How much do you know about parental leave? Because for many of our listeners, it’s one of those things that you don’t really pay attention to, until you need to.
Welcome to a special solo episode of Deep Dive where Victoria takes us through the ins-and-outs of paid parental leave and what you might be entitled to, should you (and a partner) need it.
This episode will introduce you to what the current status of Parental Leave Pay is in Australia, who’s responsible for it, and what happens if you’re employed… or self-employed. From describing how much time and money you might be eligible for, to whether your partner has any support throughout this whole process, we’ll unpack the current state of play.
Whether you’re planning to have a family, or know someone navigating the process, V explains what entitlements to expect, when you’re expecting. And what to ask your employer should you need more support.
DOWNLOAD OUR BABY BUDGET: Figuring out the costs of having a baby? Grab a free copy of our baby budget spreadsheet over on our resources page here: shesonthemoney.com/download-resources
NEWBORN LIST: Prams, high-chairs, car seats. Check out our blog on some of the things you might be considering when budgeting for a baby. Search for ‘baby’ on the blog: shesonthemoney.com/blog
IT COSTS HOW MUCH? Tune into Victoria’s Deep Dive episode about how much it cost her to have a baby through the private healthcare system over here: https://open.spotify.com/episode/2LF287iIFC143YjlgoCjg0?si=H-2PCKo1Qk2qDDtYIySV1g
New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (queenacknowledgements.com)
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 - 4451289
See omnystudio.com/listener for privacy information.