0:07

Hello and welcome to It All Adds up the podcast. So

0:09

we chat about money, how to get it, how to spend

0:11

it, and how to invest it. I'm money editor, dumb

0:13

pal.

0:13

And I'm senior economics writer Jess Vine,

0:16

and I think we need to add how to save

0:18

it to our opening spiel because that is

0:20

the focus of our new Budgeting advice

0:23

series. We're looking in

0:25

particular at all the ways that you can save

0:27

and keep ahead of rising costs

0:29

of living and also interest rates,

0:31

which we learned from Reserve Bank Governor

0:34

Phil Lowe are going to continue

0:36

to go up. So, Dom, you

0:38

have graciously agreed

0:40

to be our guinea pig and to kick

0:42

off the season by letting us have a little

0:44

look at your budget. Yeah, look, I'm.

0:46

Feeling pretty scared about this, to be honest.

0:50

You know, I've never had never had my finances

0:52

so thoroughly displayed

0:54

or analyzed, But I

0:56

think it's the you know, the aim of this series is to

0:58

sort of help you out by showing

1:01

how we and others sort of think

1:03

about money, which can then help you

1:05

sort of think about it differently yourself. Our, you

1:07

know, at the very least, even if it doesn't help

1:09

you think differently, the total chaos

1:11

of my finances might make you feel a little bit better

1:13

about yours.

1:14

You don't have to be scared. I will be

1:17

very gentle in my feedback on your figures.

1:19

Yeah. Otherwise it'll be, you know, highlighters

1:21

at ten paces. I.

1:23

I know because I am quite notoriously

1:26

not backwards in coming

1:28

forwards with my own figures. I post them all

1:30

on my money with just Instagram accounts.

1:32

So I think people probably have a pretty

1:34

good idea about where my money goes if they

1:36

care to, to have a look. And I

1:39

sort of felt kind of embarrassed

1:41

or like a little bit hesitant sharing

1:43

that at first, but then just, well, the

1:45

feedback of how useful it is to

1:47

actually see somebody else's

1:50

budget and how much they're spending

1:52

on Internet or whatever is so

1:54

useful. I mean, comparison

1:56

can be the safe of joy and you can't you know, everyone's

1:58

going to have a different set up. But I think it is genuinely

2:01

very, very helpful to have these

2:03

conversations about how much money was spent, how much stuff

2:05

costs, and people can go, That takes

2:07

more than me or Dom's doing what

2:10

don't. You should not be spending that money.

2:12

So I'm very much I've had a little sneak

2:14

peek at your figures that I'm I'm very excited

2:16

to to run through them and to give you my

2:18

feedback.

2:19

Yes, absolutely. And I think you're right. I think there's

2:21

a sort of you know, we're sort of brought up in this culture of sort

2:23

of not talking about money too much. And, you know, everyone's

2:25

a bit secret, secretive about their pay and

2:28

which obviously I totally understand a lot of situations.

2:30

But, you know, I think you're right, talking about this sort of stuff

2:33

can really help you think about it differently.

2:35

Yes. So when you sort of laid out your figures,

2:38

what's the bottom line? Are you actually in surplus

2:40

or are you spending, you know, go to finance,

2:42

spend less than you earn? Are you are

2:44

you doing that?

2:46

Well, in theory. So should we

2:48

get into it? Yeah. All right, let's do

2:50

it. So I've

2:52

sort of broken into two categories. So we've got fixed

2:54

monthly expenses and sort of variable

2:56

monthly expenses. So

2:58

just as the top line, my monthly income

3:01

is around 5500. And

3:03

of that, I have sort of have these, these fixed

3:05

expenses. So I spent about

3:08

just under 1500 on my mortgage each

3:10

month, which as we mentioned, is

3:12

fixed at the moment, which I'm thanking

3:14

my lucky stars for because it won't

3:17

be fixed for much longer. And by the start of next year, I'll

3:19

have to go to a variable loan which will drastically

3:21

increase my fixed expenses and

3:23

then my body corporate every

3:25

month is about $150. So

3:27

that collectively is about $470

3:29

every quarter.

3:30

That's the one that floors me. And I'm so jealous

3:32

because my body corporate is about 8000, eight

3:34

or $9,000 a year. So yours

3:36

is less than $2,000.

3:38

Yeah. And I think it's insane that you also $8,000

3:41

a year. But, you know, I think maybe this is the difference,

3:43

difference between living in Melbourne and Sydney and like the size

3:46

of our apartments. So it's not.

3:47

For me to decide much in the pool, but if

3:49

I have my time again and I was doing the property

3:51

search, gosh, I would have paid a little bit closer

3:53

attention to Strata face because I can be a major

3:56

ongoing cost.

3:57

Yeah, absolutely. My

3:59

rates are about $130 a month, so just

4:01

under $400 a quarter. I pay

4:04

my car insurance monthly, which is about $100

4:07

or so, which I think is a bit expensive.

4:09

But every time I've tried to get that down, I can't.

4:12

So what type.

4:12

Of car insurance do you have.

4:15

So.

4:15

Comprehensive? Okay. Yeah,

4:17

I think I'm only paying about $600 a

4:19

year. Yeah, my comprehensive and

4:21

yours is what, so 12 over $1,000

4:24

there? Yeah.

4:25

My internet is $69 a

4:27

month. I spend about $120

4:29

on petrol a month for the car. Electricity

4:32

is about $100 a month. Oh, and I

4:34

should sort of preface all this. I'm a single person.

4:36

I live by myself. I have no dependents. So

4:39

100 bucks a month for electricity I think is probably about

4:42

fine.

4:42

That's about what I pay. So I'm a

4:44

single mother, so me

4:47

and a little kid for half of the

4:49

week. So I think actually a lot of our expenses

4:51

are about the same with the electricity. I think

4:53

we're both living in sort of old style, two bedroom

4:55

flat. So yeah.

4:57

So absolutely. My

4:59

water is about $70 a month, so

5:01

but I pay it quarterly, which is about. $200 a

5:03

quarter on various subscriptions

5:06

like streaming services, Spotify.

5:10

I pay a little bit of every month for like extra

5:12

data on my Google account that

5:14

totals about 50 bucks a month. And

5:17

then I also have a pool membership.

5:19

So my local gym, but I

5:21

just pay for the pool. And that's $70

5:23

a month. So those are my sort of fixed, fixed

5:26

expenses. What do you what do you think, Jess? How am I

5:28

going so far?

5:29

I think that's looking pretty good. I don't

5:31

think I can't see any obvious areas where you're

5:33

bleeding money unnecessarily.

5:36

And so, so far, so good.

5:39

All right. Do you use the pool membership?

5:41

Well, I do. Yeah. I was. I was really good about

5:43

it last year. I've been a bit slack this year, but I

5:45

was going about three times a week, so I think I get pretty

5:47

good value out of it.

5:48

Yeah, I pay about that much per week

5:50

for my gym membership so that all the areas

5:52

where I do spend quite a lot of

5:55

money is on my CrossFit membership. But

5:57

I get a lot of value out of it.

5:58

So yeah, I think that's fair enough. I

6:00

mean, if you can justify if you going like four or five times

6:02

a week, that's fine. Like, you know. Yeah.

6:05

So, so far we've made it without any

6:07

glaring, glaring issues.

6:09

Perhaps some glaring omissions, but I'm

6:11

going to save that till later.

6:12

All right. Well, sorry. That's a bit. Okay.

6:14

But you fix that. A

6:16

monthly bills? Yeah, the

6:18

regular things. Okay. Yeah.

6:20

And then on top of this is sort of the variable

6:22

expenses like food. So I think I spend

6:24

probably around 30 and $50 a month

6:27

on food. Again, I'm a single

6:29

guy living by myself, so food is not a massive expense

6:32

for me. And then sort of the

6:34

collective sort of eating out alcohol

6:38

events, sort of, you know, fun

6:41

activities, I probably spend about 400

6:43

ish a month, maybe a bit more on that. And

6:46

then I spend about $200 on hobbies.

6:49

I probably spend about 50 $200 a month

6:51

on clothes and things like that.

6:53

So I for me, actually that

6:55

was the really. Oh, dumb. Yeah. Well,

6:57

you are you are always very nicely attired

7:00

so I can't complain. But I

7:02

went a whole year without spending

7:04

any money on clothes which, you

7:06

know, it is possible. Depends what

7:08

the state of your wardrobe is like. But you know, up to $100,

7:11

you know, so that's a new sort of item

7:13

every month or so. I mean, maybe that I

7:16

know I go to the extreme and

7:18

I probably do need some more clothes.

7:21

And then like probably 90 bucks on like

7:23

public transport. And that's

7:25

my variable monthly expenses. So you've

7:28

said that I miss I might be missing some stuff. What do you think

7:30

I'm missing?

7:31

Yeah. So what did you add that all up to

7:33

for your monthly expenses?

7:35

Yes. So that's approximately $3,600

7:38

ish a month for my expenses.

7:41

Yeah. So to me, that just seems like. Well,

7:43

that is, you're doing pretty well if you're keeping

7:45

it that low. And but from what

7:47

you've said, you think maybe

7:49

that might not be an accurate representation

7:52

of how much you're actually saving?

7:54

Absolutely not. Because according to this, I say I

7:56

could do that. If you look, if I don't take it on face value,

7:58

I should be saving nearly $2,000 a month, which I

8:00

absolutely I'm not. No

8:02

way. Not even close. So

8:05

this is the thing, I think, which is it's is good

8:07

for us to talk about, which is clearly like despite

8:09

the fact that I think that I'm moderately

8:12

well regimented when it comes to budgeting, obviously,

8:14

I'm leaking funds here like I'm

8:16

spending and I know I do this. I spend money on little,

8:19

little bits here, a little thing there, or, you know, like

8:21

last week I spent $200 on

8:23

a little attachments that I wanted for my my speaker

8:26

system. And that doesn't fall into any part of my budget.

8:28

That's just something that I just spend money on sort of

8:30

thing. So like, so it's sort of a it

8:32

is a leaky it's not a it's not a water

8:34

tight budget. Like, Yeah.

8:35

And I love it because it's such a classic example

8:38

of like, you know, we're all told you need a budget,

8:40

write yourself a budget, stick to it. Done.

8:43

And people do their very best and you

8:46

try to rack your brain and think of most of the

8:48

things and you like, right them my expenses

8:51

and then maybe track it for a month and you get to the

8:53

end of the month and are they but not my expenses.

8:55

I have no idea what is happening. And

8:58

that's sort of what inspired me when I did my

9:00

sort of amazing exercise of going through the Bureau

9:02

of Statistics Household Expenditure

9:04

Survey, which has about 7000 things

9:07

that you can spend money on grouped by category.

9:09

And I rearranged them all just

9:12

the myriad of things that can

9:14

come up that, you know, if you're not

9:16

expecting them, then you think you've failed because

9:18

you set your budget. And it wasn't realistic.

9:20

But I mean, so some obvious sort of

9:22

things that I wondered about is do

9:24

you ever go on holidays? Because

9:26

you probably will. And

9:29

this is the thing at things that you don't go

9:31

every month unless you live in a

9:33

great life, but there's

9:35

sort of these irregular sort of once

9:37

a year or once every quarter sort of expenses

9:39

that you might need to sort of if you're looking

9:41

at how much you're spending, maybe you need

9:44

to save at least 100 or $200

9:47

a month to sort of be putting aside

9:49

into a holiday fund

9:52

unless you're not taking holidays.

9:53

No, I mean, I know. No, I do. I do take holidays.

9:56

I had a lovely holiday last year to

9:58

Vietnam for about three weeks, which was lovely.

10:00

But the thing is that like when they

10:02

know. I want to do that. I like I start

10:04

saving for it. Like it's idea for me. It's

10:06

like a very like a Oh, I'm going

10:09

on a holiday to X or Y this

10:11

year. I better start and like, you know, months ahead,

10:13

I'll be like, well, I need to start saving for that. So that's

10:15

when I'll start putting money aside. I don't do it on like

10:18

a regular basis, so that makes sense.

10:20

Yeah, but whereas I do, because I sit

10:22

down at the start of each year and I go, Well, how much

10:24

is my holiday budget? This is what

10:26

I think is reasonable. And then I try to keep

10:28

sort of within that envelope and I set

10:30

aside a certain amount each month to contribute

10:32

to that, which is actually sort of a prompt for me

10:34

to go. Just don't forget to book a holiday cause it's

10:37

actually good for you to, to, to take the risks. Some

10:39

other little areas. Do you have any home insurance?

10:42

Oh, yes. So while

10:44

home insurance falls underneath under my body,

10:46

corporate.

10:47

So all that contents insurance.

10:49

Yeah. So I should have mentioned a condo insurance

10:51

for me costs $170 a year. So

10:53

on a monthly basis, that's pretty negligible.

10:56

Yeah. And then I did wonder about your car

10:58

expenses because we had the insurance

11:00

there. But I mean, car is one thing

11:02

that just catches everybody out because

11:04

the I presume you would have annual reg,

11:06

so you would be servicing that

11:08

car at least once a year and the.

11:12

Car is currently due for a service. So

11:14

I need to that will cost me about 500 bucks.

11:16

So that's something that I need to to prepare

11:18

for. And yeah, my Reg, I was like

11:21

I think a pretty standard range of like eight 800

11:24

to $900 a year.

11:25

Yeah. And then every so often every three

11:27

years ago or so, your battery's going

11:29

to go and that's a couple of hundred dollars

11:32

and then your tires are going to go. So

11:34

I do set aside money

11:37

each month for my car Future Fund,

11:39

and I think I added up the running.

11:41

My car costs may something

11:44

in the region of $5,000 a

11:46

year or something. It's when you add up all the insurance

11:49

and the reg over and that includes that petrol

11:52

as well. So that might be

11:54

that might be something that you

11:56

need to consider. And then, you

11:58

know, you look fit and healthy. But medical

12:00

expenses, do you go to the dentist maybe

12:02

once or twice a year? I

12:04

should you should know, maybe

12:06

that's getting too personal.

12:08

No, no, no. I like I definitely try

12:10

to I think it's one of those things that I always forget about, but

12:12

like I have, I do try and go the nineties once

12:14

a year. I'm definitely due for a checkup this

12:16

year. I did go at the start of last year, so I'm probably

12:18

about 12 months in.

12:21

Some people completely

12:23

forget to factor in on even like medicines

12:25

if you need some antibiotics every so often

12:28

I put suncream under medicine

12:30

as well. Like if you need new contact

12:32

lenses or glasses, you know, seeing the GP,

12:35

seeing the dentist, that is something that can really

12:38

derail people's budgets again. So

12:40

I again I sit down and I set

12:42

aside about $1,000 for dental and GP

12:45

and I and I put the little amounts

12:48

aside each month to cover things like that.

12:50

So yeah, I mean the other, the

12:52

other, the other thing I thought is like gifts

12:54

and you know, Christmas time

12:57

or even just like when you're going to someone's house

12:59

for dinner and you need to take a bottle of wine, that's

13:02

one thing I've realised that I, I don't want

13:04

to be the very stingy friend, although I completely

13:06

am. But like, it's nice

13:08

to give people things, you know, on the rig,

13:10

like just go to the house. So you buying something

13:13

for all the people? So people sometimes

13:15

get to factor in that as well. And I

13:17

think once we add up all of that,

13:19

maybe that might be where your money's going.

13:22

Yeah.

13:22

And I think well, I think I think on the medical side of

13:24

things, like I'm like, I don't

13:26

want to, you know, I'm it's sort of quite a healthy

13:28

person. Like, I don't go to the doctor very often. I don't have

13:30

that many sort of things that

13:32

go wrong with me. So I'm pretty I'm pretty.

13:35

Okay from from that perspective when

13:37

it comes to like, things like gifts and stuff, like

13:40

if I'm going to a friend's house, I'd be buying like a bring like

13:42

a bottle of wine that sort of comes

13:44

in to like the alcohol budget. For me,

13:46

that makes sense because

13:49

I'll probably drink some of that wine. So therefore, that's,

13:51

you know, I mean, we could we can talk about like

13:53

how I split up my, my funds by

13:55

pay, if that helps in terms of the actual way I

13:57

do.

13:58

But I wonder how you do cope. Sort of,

14:00

yeah. When you have some of those bigger expenses,

14:02

get rid of them. How do you how do

14:04

you structure your sort of money

14:07

to account for sure.

14:08

So I have my phone in front of me

14:11

right now, which has my banking app,

14:13

which has spoken about a few times and I love my banking

14:15

app. But basically what

14:17

what happens every fortnight when I get my pay,

14:20

it is automatically split into

14:23

ten different accounts and

14:25

I'll read through these accounts. So my

14:27

first account is called

14:30

beans. I don't know why

14:32

I called it this like a long, long time ago, but basically

14:35

it's just my generic savings account. I

14:37

call it sort of my savings slush fund where

14:39

like a decent chunk of my of

14:42

my salary goes into this account. And it's

14:44

just money that I could spend for

14:46

a one off, like, let's say, like a car service

14:48

or something like that or a

14:51

gift for someone or something

14:53

unexpected that I'm not budgeting for. That's

14:55

where I typically take that money

14:57

out of. And I have my

14:59

play account, which is just sort of like alcohol.

15:02

That's what the one I mentioned before, like events

15:04

going out, that sort of stuff.

15:06

So you're putting aside the sort of two, was it

15:09

400 or so a month.

15:10

$200 a fortnight ish. Yeah.

15:12

It go into and.

15:13

Then if you reach the max of that

15:15

do you just stop going out or do

15:17

you.

15:17

Oh no. Absolutely not. Then. Then, then it

15:20

comes out of the, then it comes out of the slush fund and

15:25

then I have a similar account for food, which is again about

15:27

$200 a fortnight. I have a

15:29

account for bills which and

15:31

all of these I've, I've calculated to

15:33

sort of match up to pretty much the exact amount of

15:35

money I spend on that thing each

15:38

month. So the idea is that I shouldn't have like I

15:40

should run it to zero every fortnight.

15:42

For each of the accounts.

15:44

For, well, for each of the accounts that aren't, that

15:46

are sort of on a fortnightly basis. So

15:48

bills I have an account for that, I

15:51

have an account for hobbies as well.

15:53

And then I have my mortgage account, which obviously that's

15:56

the one where the most amount of money goes in each

15:58

fortnight, which takes exactly

16:01

half of every fortnight. Exactly half of my

16:03

mortgage goes into that account to split into that account.

16:06

And then I have a sort of body corporate bills which covers

16:08

things like petty corporate fees and rates. And

16:12

then I have sort of my goal

16:14

saver account, right? So this is something

16:16

that I'm specifically saving towards currently, I'm

16:18

saving towards a a ski pass

16:20

for for the year. So I'm

16:23

I've got a it's got a little emoji of

16:25

someone skiing because that's what I'm sort of

16:27

saving towards.

16:28

Yeah, that can be a powerful

16:30

motivator if you've got a savings going.

16:32

A little picture there and you're putting the money

16:34

in, that must feel good to watch that.

16:36

Exactly. And my app gives me like little notifications,

16:39

like I've saved 25% towards this. I feel

16:41

it's, you know, it's like a little little sort of serotonin

16:43

hit. And then I have

16:45

my final sort of major savings account, which

16:47

is like, you know, emergency things

16:50

sort of really big long term things like any renovations

16:52

I'd want to get done or anything like that, which

16:55

is sort of where the bulk of my

16:57

savings sits.

16:59

Yeah. And I wonder is, is this a

17:01

are these offset accounts or are they just

17:03

separate because you've got a fixed loan? That might

17:06

not that means something that you don't have

17:08

a mortgage offset.

17:09

None of these offsets, these are just these

17:11

are just sort of separate savers

17:14

within my within my bank. And then anything

17:16

else that doesn't go into that just gets put into my access account,

17:19

which is just sort of the, you know, everyday spending

17:21

sort of stuff. But the idea is that every

17:23

time I spend on something that that is categorized into

17:25

one of those accounts, I then move

17:28

it, move the money in and out sort of thing.

17:30

Yes, that's okay. No, that's I mean,

17:32

I think overall you're doing so well like

17:34

you do. You have massive credit

17:36

card debt.

17:37

So I don't I don't have a credit card.

17:38

No credit card. Yeah. I also don't have

17:40

credit card debt. That's the one. I think that's sort

17:42

of the canary in the coal mine for a lot of people.

17:45

If you've got quite a large credit card debt

17:47

that you keep rolling over, I think

17:49

you need a budget and I think you need a bit of a plan

17:51

to be paying off those debt. But

17:54

I would love to say if you don't, because we bought shares

17:56

together on one of those. Oh, yeah.

17:59

Have you been doing any regular investing

18:01

since then?

18:02

Not yet, but I plan to this year. That's, that's on the

18:04

cards.

18:04

Because, I mean, I get I love

18:07

my budget and I love it precisely

18:09

for the reason that at the end of each month,

18:11

you know, I have a budget that I sort of my

18:13

idea of what I'm going to spend in the not track, what I actually

18:16

spend. And then I do look at my

18:18

expenses and my income and I invest

18:20

the difference. And I feel just so

18:22

empowered when I do that, when I go, oh, yes,

18:24

you saved 600 bucks this

18:26

month. Whatever it is, it gets transferred straight into

18:28

the share trading account because that

18:31

is my strategy at the moment. You could be investing it

18:33

in extra super or paying off

18:35

the mortgage faster. But, you know,

18:37

I mean, I just want to spread that joy with everybody,

18:39

you know, the joy of savings to

18:42

feel that sense of accomplishment. So I don't

18:44

know if we will get you to that budget ninja

18:46

level where you want to actually.

18:48

We'll say, I don't know. That's I don't know. That's like

18:50

I think my my sort of I'm

18:52

just I'm just sort of fast and loose about it, you know, like

18:55

I'm freestyle in and out here.

18:57

And you seem to you seem to be doing.

18:59

Good. Yeah. Well, apart from the fact that there's like a

19:01

you know, it is a just spend a sort

19:03

of money on things every month that I don't know where it

19:05

goes. So I'd like to get on top of that. So that's my goal

19:07

to sort of work out these sort of extraneous

19:09

expenses that I can't really track. But

19:12

I suppose, you know, what's the what's

19:14

your overall thoughts, Jess? How do you how do you write

19:16

my my budgeting and finances out of ten?

19:19

Don't I think you've done really well full points

19:21

for effort as we say.

19:23

I did notice some things that maybe you have

19:25

forgotten to pop in your budget. I

19:27

would definitely be thinking about those car

19:29

expenses that can really torpedo

19:31

a lot of budgets when suddenly you've got to put

19:34

the car in the service and particularly

19:36

parts and repairs can can

19:38

derail you. I think I'd love to see you setting

19:40

aside a little bit extra for your holidays funds

19:43

so that she can look forward to that. And

19:45

then maybe some of those medical expenses.

19:48

It's it's always prudent to have that

19:50

in mind when you're putting together your

19:52

budget. But I think I mean, just full points

19:54

for even having a stab at putting something

19:56

on paper, I think that's the first step is

19:58

just to really have a stab

20:01

at estimating what your expense. And

20:03

then it's going to be something that's going to evolve over

20:05

time as as now things come up.

20:07

You go, Oh, yeah, I didn't think about that

20:09

when I first had the go. And you

20:11

can begin to incorporate the reality

20:14

of your life, and then eventually your budget starts

20:16

to match your reality in a

20:18

way that can be really empowering. And I think

20:20

just knowing what your expenses are that can help

20:22

you, it can help you apply

20:25

for loans. They always ask you all these

20:27

questions. You know, if if people need to

20:29

apply for a first home loan or something, having some

20:31

idea of your expenses helps. Having some

20:33

idea of how much you need to save for retirement.

20:35

So what your expenses are going to be at

20:38

that end of life can be so helpful.

20:40

And and I would love to see you working towards

20:43

having an emergency savings fund. You know,

20:45

people talk about 3 to 6 months of living

20:47

expenses. That may seem like a lot from now

20:50

from where you are now, but I think that's

20:52

something that can provide a lot of peace of mind

20:54

for people. So I think that

20:56

gives people a really solid idea of, you know,

20:59

if you were going to take a stab at having

21:01

a budget, you know, that's the sort of things

21:03

you should think about. And if anyone does

21:06

want to follow me on Instagram, I've got a heap

21:08

of worksheets and I've got an annual

21:10

Excel spreadsheet where you can sort of go through my

21:12

categories and think of all the things that you

21:14

might have missed. And I think we're going to

21:16

be encouraging anyone who is listening

21:18

and who wants to to have that experience

21:21

of us looking through the figures and seeing

21:23

if there's any obvious leaks in the ship.

21:25

We're still keen for people to

21:27

get in touch with us.

21:28

Yes, send us an email too. It all adds

21:31

up at o'clock today. You you

21:33

can just sort of say hi and then will be

21:35

in touch to ask you some details, like your

21:37

monthly expenses, just like I've I've revealed

21:39

today. And tell us what sort of budgeting

21:41

strategies you use along with any long term

21:44

goals or any things that you're struggling with

21:46

sort of financial sticking points. And

21:49

then we'll get back in touch and find out a few details

21:51

and then we can run through them on the pod and

21:53

let you know what we think.

21:54

I love looking through everyone's

21:56

budget, so do do send them in. Obviously,

21:59

we can't give you with financial advice. We're

22:01

not licensed to do that. But I do

22:03

just think that it can be helpful to share figures

22:05

and we can point out some areas where you

22:07

might just be, you know, obviously

22:09

missing some things in your budget like you've forgotten

22:12

to put in your holidays or whatever,

22:14

or if we do see an expenses that

22:16

look particularly large, we might

22:18

be able to delve into some common

22:20

ways to save in that sort of area,

22:22

which may be of help to you.

22:24

Thanks for listening, as always, and

22:26

we'll see you next week.

22:27

And well done, Dom. I think that was very brave

22:29

of you to share your figures and I think you've done

22:31

a good job. Well, thank you.

22:32

Just.

22:33

Thank you. See?

22:39

This episode of It All Adds Up was produced by

22:41

Chee Wong. The information discussed

22:44

is general in nature and does not take into account

22:46

your personal financial situation, goals

22:48

or objectives. You should always do your

22:50

own research or get professional advice before

22:52

making any major financial decisions. If

22:55

you like today's episode, hit, follow your podcast

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friends. You can also submit your listen to questions

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in text or audio form at.

23:04

It all adds up at 9:00 PM today.

23:07

Thanks for listening.