Mel and Darlene share candid insights on navigating work you're not passionate about and preparing for the emotional journey when parents retire. They discuss the unconscious biases and judgments people face about money, regardless of gender or income. They emphasize the tendency to match spending to income and lifestyle, even among higher earners, and the importance of managing social expectations and being open about financial challenges. The hosts also touch on the pressure of being a breadwinner and the toll of maintaining appearances. They stress the significance of recognizing personal biases and having honest conversations about money, and offer insights on selling and buying homes, including tips on communication and what to include on offer clauses.
Read MoreMel and Darlene discuss setting goals with your partner, paying children for chores, and the taboo topic of financial hardship. They provide strategies for managing financial challenges and stress the importance of assessing your financial standing, educating yourself, and building a support network. The hosts also address organizing bank accounts after purchasing a home, emphasizing aligning your setup with your money management style and automating your finances.
Read MoreMel discusses receiving a fine for driving an unregistered vehicle and the challenges of navigating the payment system. Darlene shares insights on managing her self-managed super fund, emphasizing the need for careful monitoring. The hosts explore the gender pay gap in Australian workplaces and its impact on career choices. They also discuss women's roles in the household, career breaks, and the impact of the cost of living on households. The episode concludes with having an exit strategy after a relationship breakdown and mentions the new online financial wellbeing course.
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