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Get your shit together with money

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Want to be wealthy? Put that calculator down! (It’s not about numbers)

I had a conversation with myself on the way home today. It was a bit of a Smeagol – Gollum moment (for the Tolkien fans out there).

Gollum: You should get a Shellac mani-pedi for the Christmas party and holidays.

Smeagol: That’s a solid 70 bucks. You don’t need that. You have a mortgage. And an extensive collection of nail polish.

Gollum: But you have the money. Treat yo’ self!

Smeagol: Yeah but if you keep saying that, you won’t pay off your mortgage early and live a sweet life of early retirement.

I’m pleased to say that the thrifty Smeagol won the day. Almost – I did pick up a new nail gold nail polish from Priceline, but it was half price! And behold:

Home manicures for the win!

I tell this story because it happened after two interesting conversations this week, with two seriously wealthy guys. The first one was an ex-investment banker telling me why he can’t retire at 58: he can’t afford it. I was bamboozled. I imagined he was sitting on a pile of stock options, had millions in the bank and was set for life.

But he reckons he has set up his life in a certain way, and it’s costly. And when he listed some of his expenses, all I could think was ‘That sounds like a prison’. Imagine being locked into all those costs, so that you had to keep slogging away in corporate purgatory.

(I’m sure for some people, the grind itself is the point. I work for a self-made millionaire, and I have no doubt he loves doing deals more than the money itself.)

Then today, I was talking to another successful CEO. I ribbed him a bit about having money, and he got quite philosphical about it. He invests money on behalf of other, seriously rich people, so he knows a lot of them.

He said that wealth is a mindset. I’ll paraphrase: “You can have someone worth $5 million, who thinks they’re doing really well, and who is satisfied with their money. But then you can have someone with $100 million, but it never feels like enough, and they’re always searching for more, and never feel secure”.

Now I know what you’re thinking: “I’d be pretty fucking over the moon about having even one of those millions”. But that’s beside the point.

The point is this: it’s not about how much money you have; it’s about how you see it. Do you have an abundance mindset, or a scarcity mindset?

What does money really mean?

When I think of money, I tend to think of it as a tool for creating the life I want. I don’t want to slog my guts out for a finance company one minute longer than I need to.

I want to build my wealth to a point where I can work part-time, write a novel, work for a charity … or whatever. But I still want a comfortable lifestyle that involves travel and cool stuff.

Now, I know not everyone thinks like that. Maybe you think of money as a means to physical self-actualisation – to have the clothes, hair, nails, body or whatever else you want to look and feel your best.

Maybe you see money as a way to reward your hard work and flag your success – a brand name bag or car tells you (and the world) that you’ve worked hard and achieved success. (While I am over here enjoying my new $15 K-Mart bag).

The fact is, money is never just money. It’s part of a deep and complex set of beliefs. It’s bound up in the way you see yourself and relate to the world.

Nor is that relationship static. It changes over time and in line with your life experiences.

I found myself earnestly lecturing a 24-year-old friend at the pub the other night: “Nobody cares what brand your handbag is, and if they do, you shouldn’t be friends with them anyway”.

God, when did I get so old and parental? It’s a long way from when I had my first job and coveted a Fendi baguette bag (hey, it was 2001).

One lesson that my investment banker friend highlighted is the danger of unconsciously ratcheting up your cost base as years go by. It’s easy to end up as a prisoner of your own lifestyle.

When you get stuck in the merry-go-round of things like salon nails, it’s one more thing that you have to fund (which I have written about here).

Sure, the K-Mart lifestyle isn’t for everyone. I’m not saying give up everything nice and be a boring tight-arse. But focusing on keeping your tastes and expectations modest can be very powerful – especially when it lets you do other, more interesting or meaningful things with money.

The secret to being wealthy is wanting less. If you can consistently create a surplus – so you have a little left over each month to save and invest – then you’re on your way to wealth creation.

As you set your goals for next year, and maybe have some good intentions around money, I would ask you to consider this idea.

More than just making a budget, how can you shift your thinking about what -and how much – you need to be happy?

I know, that is some serious inner work, and harder than downloading a budgeting app*. However,  it may be the most effective way to build your wealth over time.

*Please download a budgeting app as well.

 

Should I care about the Banking Royal Commission?

A lot happened last week. Taylor Swift announced her Australian tour dates. Prince Harry announced his engagement to Meghan Markle. And in a spectacular show of being skewered by his own political allies, Prime Minister Turnbull announced the Royal Commission into banks.

If you haven’t been following the business press as closely as me, let’s recap the key points.

  • Banks have done a bunch of dodgy things, from ripping off financial planning customers, to denying life insurance clients their claims. Labor and The Greens have been gunning for a banking Royal Commission for ages.
  • The Government was, for a long time, seen as an ally of the banks. But in a high-drama, high-school-style reversal of friendship, the Libs came up with a new bank tax in this year’s budget. Turnbull, like a mean girl, sensed the direction of the wind, saw that people don’t like banks, and figured he may as well take money off them. All of sudden it was like ‘you can’t hang with us’ and ‘can I have my CDs back’.
  • But the Government wouldn’t go so far as calling a Royal Commission, because a) they had said they wouldn’t and b) they still secretly love banks.
  • That was, until the crazy Nationals got in on the act last week. Like a group of Emo kids and nerds united by their tendency to get teased, the Libs and Nats have an uneasy coalition. And last week some Nationals threatened to call a parliamentary inquiry, which the Greens had already had a crack at. You know that when the Nats and Greens are pushing the same barrow, some weird shit is about to go down.
  • And then, in a crisis response Ferris Bueller would be proud of, the banks sent the PM a letter saying, essentially, ‘Bring it on, bitches’. You see, if the Nats/Greens’ inquiry got up, those parties would control the terms of reference.
  • But if the banks and the Libs called their own Royal Commission, they could set the chess pieces up the way they wanted. Choose the guy running it, decide who it would cover and most importantly, what it would exclude.
  • Like a kid about to have his locker searched for weed, the banks were all like ‘Nothing to see here’, madly hoping they didn’t accidentally leave a baggie of bud at the back of the locker last week.

So, the terms are set and from what one columnist described, it will have all the impact of being slapped with a wet lettuce.  It will also cover more than banks, and sweep in superannuation and insurance. This has the impact of spreading the attention and therefore the depth across more companies. While it’s costing a bomb (like $75m) and will take a year, the word on the street is that’s not actually enough to cover all those sectors. Time will tell.

What does it mean for you?

Probably not a lot. Maybe it will shine a light on the potential conflicts of interest within banks (where they provide financial planning then sell a bunch of their own products, for example).

But we already have a highly regulated bank and financial services sector. What’s harder to control is culture, and that’s what the banks need to work on. When money is involved, and large sums of it, it’s easy for greed to take over in some corners of an organisation.

A good culture calls out bad behaviour and shuts it down. I suspect that hasn’t been happening enough in some parts of some banks. (There are also genuinely good people  in banks, doing great work – let’s not forget that).

Caveat Emptor – the real answer to all of this

That just means ‘buyer beware’ – but it sounds way smarter in Latin right? My take on the whole thing is this: there will always be people trying to take your money. So when it comes to big financial decisions, the key is to keep your dubious face on.

Here’s an example. One of the issues that people want the Commission to cover is how ANZ got mixed up in the collapse of Timbercorp. This was a forestry investment that was tax deductible because it was agriculture or something. Basically, if you invested, you got a bunch of tax breaks. So, people chucked a bunch of money into it, and many lost said money when it all collapsed.

I feel sorry for them, but here’s the thing. The people I heard interviewed had broken the basic rules of investment.

Firstly, does it sound too good to be true? Shitload of tax breaks for planting trees? Sounds legit. Not!

Secondly, are you throwing all your money at it? Or are you building a diversified portfolio of investments so that if one goes sour, you don’t lose it all.

Thirdly, have you protected your downside? This means looking at all the things that could go wrong, what they would cost, and how you would bounce back from the worst outcome. If you haven’t played out this scenario, then you’re not ready to invest.

None of these things are super complex or require a degree in finance. It’s just having a good bullshit detector, not ever trusting anyone too much, and following some basic principles.

If you’re ever thinking about an investment and aren’t sure about your own BS filter, ask someone else – someone you trust, or who’s really cynical. Or both. Like a poorly lined pencil skirt, when you hold something up to the light, you often see its flaws.

So, short answer is this: nobody is going to protect your money as well as you. No royal commissioner, no regulator, not even Ferris Bueller. The only option is for you to take charge, Fierce Girls!

Aldi tips, tricks and hacks from a legit expert

In the world of tight-arses, shopping at Aldi is an article of faith.

It’s not just advertising fluff – their prices are genuinely and significantly cheaper.

So, imagine my delight when I moved into my current apartment and found myself living across the road from Aldi. 

As an early adopter of the discount supermarket,  I have honed my Aldi skills over time.

I am always amazed by people who have  never been or don’t shop there regularly. Fools! Do you actually like wasting money?

So here are some tips, fave products and Aldi hacks for all you novices out there. No, this isn’t a sponsored post. I just like being cheap.

Make a cheese platter everyone will think is fancy: the Pickled Onion Club Cheddar is a fave of mine, but they also have a damn good version of the old Blue Castello. Throw on some of their semi-dried tomato and olives and you’re good to go. Pick up some bikkies as well – the rice crackers, water crackers and wafer thins are all great. As a side snack, their Sweet & Salty Popcorn (in the chips aisle) is deliciously addictive.

High-protein overnight oats solve your breakfast issues: There is a cracker of a yogurt, creatively called Hi-Protein Yogurt. Here’s my macro-friendly brekky hack:

  • In a Tupperware container (or jar) put about half a cup of oats (more or less depending on your carb needs)
  • Throw in a handful of frozen berries (reasonably priced, from the freezer section), a spoonful of shredded coconut and a dash of cinnamon. If you have a sweet tooth you can add a pinch of stevia
  • Add enough water or almond milk or juice (whatever you have/like) to just cover the oats
  • Add two-three big spoonfuls of yogurt. Mix it all up and whack it in the fridge for at least a few hours.
  • Note: you may need to play around with ratios to get the right consistency. But experiment and see what you think. You can also add other fruit (today I had mango cos it’s on spesh).

Aldi has ‘specials’ but not like the ones you’re used to. Most of its everyday range has the same low prices all the time. It does have ‘7 Day Deals’ in the fresh food section (hence the abovementioned mango). I like seeing what they have and making meals around that.

But the real killer is the ‘Weekly Specials’ section. Novices beware: this is how you make Aldi not really that cheap after all.

The stuff in the middle section is so random and so alluring. Like ‘wow, I didn’t know I needed a Moroccan-style side table’ or ‘I definitely need a set of embellished hand towels’ or ‘I probably could use 1 kilogram of olives’.

There are definitely amazing bargains to be had in this magical section – some people obsess over the snow gear sales.

But this is the line you have to say over and over in your head: IT’S NOT A BARGAIN IF YOU DON’T NEED IT.

Seriously, I say this every time I wander down that aisle, considering my ‘need’ for new placemats or bakeware.

And here is a hot tip: DON’T TAKE YOUR HUSBAND WHEN THE TOOL SPECIALS ARE ON. Seriously, why did I ever own an air compressor? Although I would say the pink ladies’ toolkit I picked up for $15 has been an absolute pearler for Ikea furniture, BBQ repairs and broken taps (ok, I had to get a muscular footballer to do that one).

Aldi wine is the real deal. Seriously, try their wine. The prices are great, and unlike cleanskins, you can take them to people’s houses and they won’t know it’s cheap.

Unless they also shop at Aldi too – in which case they will give you a sly nod as if to say ‘well-played, my friend’.

Their grassfed steak is great value. I often get a couple of Porterhouse steaks from the Highland Park range (aka the slightly fancier, grass fed range). Whack them on the Weber Q, steam some veggies and you have a delicious dinner. And tomorrow’s lunch.

Because nothing makes you feel fancy AF, as when you’re eating steak while other suckers are eating sandwiches.

I’ve yet to come across anything from Aldi that isn’t good quality. They have a really stringent process to become a supplier (because they only have one, house-branded version of every product). So 99% of the time it’s as good as, or better than, stuff from other supermarkets. There is even a section on the website listing things that shoppers have voted as being BETTER than other brands – click here.

You can’t always get everything you want – especially obscure things like cartons of egg white (yeah, it’s a weightlifting thing). So I usually top up at a big chain every few weeks.

And finally, the most important tip for the Aldi newbie…

TAKE YOUR OWN BAGS – I do this anyway because I am a greenie, but at Aldi, you have to pay for the plastic ones. They don’t pack your bags either, so always put your stuff on the conveyor belt the way you want to pack it (heaviest first). Or just chuck it all back into the basket/trolley if you can’t handle the pressure of packing at the checkout (it’s an acquired skill).

If you are really clever you can also find some empty boxes on the shelves or around the entrance and use them instead.

So, that’s it kids. Get in there and get saving!

6 of the best: Fierce Girl’s top posts to help you makeover your money

I’m gonna call it. The Fierce Girl’s Guide to Finance is going places.

Last week we had our first original content posted on Mamamia: a Money Makeover, helping Theresa make a plan to save $25,000. Check it out here.

Then The Daily Mail got wind of the story and got in touch. Let me tell you, after 17 years in PR, the idea of a journalist calling me (about something good) is absolute bliss! Usually we have to shop our stories around and beg journalists to write them.

The outcome was a story where I seemed to scold everyone a lot, but hopefully also provide some useful tips (read it here). And just in case anyone was wondering my age, they helpfully plastered it everywhere. I hope the undertone was ‘wow, doesn’t she look great for her age‘.

I think the reason for this momentum comes down to a few things. Firstly, there isn’t much competition. Not many others are talking to women about money in a no-bullshit way.

Secondly, it’s an idea whose time has come. Ridiculous house prices, rising energy costs, stupidly high uni fees, and a stubborn gender pay gap are just some of the reasons women are realising why we need to look after our own interests.

Turns out, middle-aged white guys in suits aren’t racing to share their power or wealth with us. Huh, who knew? (As a group that is – individually, my dad is actually pretty good at giving me money).

The third reason is obviously the awesome content being pumped out by these fierce fingers. But let’s not dwell on that.

The blog has been around for just over a year, but there are lots of new readers. Hi ladies! Thanks for coming by!

So, let me point you to some of the most popular or useful posts. (NB: this is not like a TV show where they run out of budget for a whole new episode so they just have a storyline full of flashbacks. It’s because there is good content that could be useful to you).

1. How to think about your money as though you’re in an episode of Sex and the City. 

The 4 best friends who will make you rich

 

 

 

 

 

2. Hacks to help you  overhaul your approach to money (even if it’s not January)

7 money resolutions you can keep in 2017

 

 

 

 

 

 

 

3. How to set up your banking to make your life easier and your spending more enjoyable

The secret to guilt-free spending

 

 

 

 

 

 

4. How mindful spending can help you have a better relationship with money

Mindful spending: what it is and why it matters

 

 

 

 

 

 

 

5. What to read if you’re thinking about buying a home or are freaking out about not doing it

Can I afford my own home? Part I and Can I afford my own home? Part II

 

 

 

 

 

 

 

6. How to get started with investing 

Buying shares is pretty much like choosing a husband

What I’ve learnt from a year of running a finance blog

Today is the first anniversary of The Fierce Girl’s Guide to Finance. Yay! I feel happy and proud about that.

It’s been fun, hasn’t it? If you’re new to Fierce Girl, thanks for coming here. If you’e a long-time follower, thanks for being on the ride.

This whole thing was born out of lunchtime session at work called ‘Get your shit together with money’, part of the now-defunct National MoneySmart Week (long story about why it was canned). Anyway, it was a bunch of passionate advocates for financial literacy trying to put it on the national agenda. I was the PR chick, working on it pro bono.

During MoneySmart Week, I ran a session telling people to roll over their super funds and explaining the wonders of compound interest. And guess what, they got really into it! Weird, I know.

Then my friend Mindy Gold dared me to start this site. She was originally my partner in crime, but selfishly went to live overseas. (With a decent pool of savings btw, because she’s a Fierce Girl.)

The Divorce Thing

The other element of this story is that I was going through a divorce. I’m amazed by how short that phrase is when you say it.

‘I got divorced’. It’s like ‘I got my hair done’.

In reality, it was a slow, painful unwinding and rebuilding.

From the day I decided to leave, until the day the financial settlement was agreed, three years went by. And that doesn’t include the time spent watching my marriage fall apart. I’d say the last five years of my life have been spent in the strange, murky land of relationship failure.

I don’t say this to elicit sympathy, but to provide context. I’ve learnt many things from the process, some of which I’ve written about here and here. But the mistakes I made about money during my relationship, and the important role it played in allowing me to leave, have fueled my passion for this issue.

Put simply:

If you don’t control your money, you don’t control your life.

This is why it breaks my heart to see women hand over control to a partner, or to the universe. The attitude of ‘oh, I’m so bad with money but, haha, aren’t I adorably helpless‘ is still far too common.

Nobody is perfect with money. We all make bad decisions from time to time. But we need to remember who’s in the driver’s seat.

Not your credit card, not The Iconic, not the hipster-bearded bartender, and most certainly not your significant other. You, and you alone. (And maybe me, a little bit, haha).

Getting the basics right is hard – and important

When you hang out in the finance industry, you think everyone cares about whether your fund has beat the benchmark. And if you don’t know what that means, don’t worry – you’re not alone.

Finance people live in a bubble of complexity, products and jargon. Most regular people don’t care about alpha (which is how much an investment outperforms the benchmark, if you’re wondering).

They want to know how to pay off their credit card debt. Or to spend less on groceries. Or to have more money left before payday.

While I love explaining economics and investments, the readership stats for those posts are relatively low. My most-viewed post of all time is … wait for it … about bank accounts.

Turns out, how to structure your banking is far more interesting than the ingredients of Gross Domestic Product.  But the people running the banks and investment companies of the world don’t understand this. It’s taken me a year to fully appreciate it.

And that’s why so many people switch off and fall asleep when it comes to finance companies selling them stuff.

Success flows where attention goes

That sounds a little Tony Robbins, I know. But what I mean is that, since I’ve been thinking about money and finances and budgets A LOT in the last year, I’ve become way better at all those things. When you focus on something, you get better at it. Who knew!

My budgets are less liable to blow-outs, I feel confident about meeting my financial goals, and I feel comfortable about spending money on something if I’ve mindfully allocated funds to it.

I feel more in control, more confident and more optimistic. And that’s the goal, right?

Plus, I guess I have to really practice what I preach. Don’t want the paparazzi snapping me in the Jimmy Choo store.

At some point, you just have to back yourself

For someone in PR, I have a weird aversion to promoting myself.

But I have to remember I’m on a mission: to help you all take control of your money, give yourself choices and live your best lives. And a mission needs an appropriate level of bad-arse bravery and hustle.

So , as I enter Year Two of the blog, I’m getting serious. Site redesign, e-book launch, PR blitz – the lot!

If you love what I do, please be an advocate. Share things you find useful. Send me your feedback. Sign up for emails. And tell me when you’ve had Fierce Girl wins!

We are all in this together, fighting, dollar by dollar, to own the world and everything it has to offer.

So, go forth and be Fierce! And remember…

Bad at saving money? Here’s why – and what to do about it

I got asked today ‘how do you have the discipline to diet?’.

Since I was eating a Bounty at that moment, I’m not sure why. (To be fair, it was a piece of someone else’s Bounty, so there are obviously no calories.)

My response was that it’s easier if you have a reason. In my case, it’s so I can compete in powerlifting in a lower weight class.

It’s the same with money. Another friend asked me, ‘What if you just can’t save?’. To which I answered the same thing: you need a reason.

AKA: a goal.

Goals, I know! So lame and hard and too much like adulting.

I’m not a massive goal-setter myself, but I have forced myself to create some clarity about where I’m going. So then I know how to get there.

Just before you get bored and switch off, let me offer you a gift. We’ll come back to it shortly.

Click here to download your printable A4 worksheet

Why do you need a worksheet?

So we can put the ‘plan’ into financial planning.

I know, a lot of people don’t trust financial planners. There are good and bad ones, just like any other profession. We’ve all had a hairdresser who takes ‘just a trim‘ and turns it into ‘radical hair makeover so you look like a lesbian biker‘. (Don’t get me wrong, I love lesbian bikers – I just don’t necessarily want their haircuts).

However, I’ve been having a conversation with a mate who’s a financial planner, and he messes with my head because he’s all about ‘plans’.

I would ask him ‘should I buy a property to live in or invest in’ and he was all like ‘well, what’s your plan?’.

I don’t know! I’m in my late 30s, divorced, childless. So far, all the ‘plans’ I made 10 years ago haven’t really turned out.

But that doesn’t mean I can get away without one. Without some goals, I don’t know where to put my money or how much to save.

And if you don’t know the destination, how will you know the how to get there?

Sometimes, choosing the destination is the hard bit

People often ask me about what to with their money. I can’t  tell them specifically (partly because I’m not licensed so it’s illegal). But I do ask them ‘what’s the goal’?.

Is it  saving enough for a property? Is it having enough to travel? Maybe it’s just being a bad-arse with a backpack and a round-the-world ticket (oh hey Betsy, how’s Iceland?).

Tactics are useless without a strategy. And a strategy is nothing without a goal.

If you’re  like me though, you find big life planning stuff daunting at best, terrifying at worst. But don’t worry, Fierce Girls, I got ya.

I came up with questions to help you create some clarity. And then I made a fucking worksheet! I know, I am crafty AF.

Doing the worksheet

Now, you can do this and not necessarily come up with a special number. You know, a savings goal or something. That’s a topic for another day.

But you will think critically about the factors that shape your decisions. So the questions in the worksheet are (and you can totally pick the timeframe that applies to you):

  • Where do you want to be __ years from now?
  • What things do you want to experience?
  • How will you spend your time? Who with?
  • What will you own?
  • What is a must-do or must-have?
  • What can you give up or cut back?
  • What is the ‘why’?

When I did this exercise, I came up with a general plan that I don’t want to be a full-time, salaried employee much past my mid-fifties. I want to write books and hold workshops and coach people and be generally useful. I also want to travel as much as possible.

So that means I have about 15 years to build wealth, take holidays, smash a mortgage and sock away superannuation. Scary huh?

It also means I can give up expensive cars, too many clothes, and general unnecessary ‘stuff’. When I am considering a purchase, my decision tree is something like ‘Could I better spend this money on my trip next year?’ or ‘Wouldn’t I be better to chuck this into my mortgage?’.

Of course I won’t be perfect. But I have a plan and sense of direction. And then everything else is easier from there. Try it yourself!

Next week: The Track Your Spend challenge: finding where your money goes and working out how to save more of it. Yep. I’m gonna make another worksheet. It will be amazing.

 

Tight-arse, tree-hugger tips to save money and the planet

I mentioned to a friend how infrequently I use my air conditioning in summer and she asked, “Is that because you’re a tree-hugger?” (Said in a loving way).

I realised that was a big reason, but also, I am a cheapskate and hate paying power companies. So when I thought about it, I figured the tight-arse and tree-hugger elements were 50-50. Things I do to reduce my environmental footprint also save me money, and vice versa.

So,  I’m sharing some of my all-time favourite products here. Like Gwyneth Paltrow on The Goop, but cheaper and less vaginal steaming (although… read on).

Tupperware Ventsmart

Absolute number one in the war on waste is a set of Tupperware ventsmarts. You can pop your celery in here and it stays crisp for three weeks. Legit! Mushrooms don’t go slimy or wrinkly, but instead keep for a couple of weeks. Salad mix takes at least 10 days to descend into that weird slimy state that happens in two days in its bag.

Honestly, these things are your saviour when you have the best of intentions, but accidentally get Grill’d for dinner instead of making stirfry.

Image result for tupperware vent smarts

Now before you tell me these sets are expensive, let’s talk about investments. You drop $100 on a set of these and they last a lifetime. Literally, they have a lifetime warranty. And you will have made that money back in the first year, just on the amount of dead veggies you haven’t chucked out. Fruit and veg take a lot of energy to grow and transport, and then they take a fair bit of cash to buy.

So if you want to avoid wasting both, pick yourself up a set (or three, which I have. And I live alone).

If you can’t stand the thought of having a Tupperware party (your loss, cos they are the best fun ever), I can totally hook you up with an awesome Tupperware lady who will send some to you. I’d also pick up a silicone baking sheet while you’re there, and you’ll hardly ever need baking paper again.

Norwex Make-up Removal Cloths

I have railed against the use of disposable makeup wipes for a long time. So wasteful! Except if you’re really drunk, maaaybe. As an alternative I used the little baby face washers you buy in the baby section of K Mart or big W. They come in a pack of 9 so you just use it once or twice then wash it with your towels. Simples!

But I could never get around using cotton pads for all my eye makeup, which is pretty full-on most days. Until this little cloth changed my life! One cloth takes off your foundation and eye makeup with nothing but water. You don’t even need to buy cleanser.

Norwex is a company that makes a bunch of chemical free cleaning products, and they are da bomb, I promise. They have parties, in the vein of Tupperware, but you can also order directly from a consultant. You won’t be surprised to hear I have a Norwex lady, so I can hook you up there too.

I subsequently found out that Enjo has a similar makeup product that won some award – I have used it and it’s also very nice but I already have my Norwex, sorry Enjo.

Olive oil spray bottle

I am obsessed with roasting every veggie ever. If you haven’t roasted Brussels sprouts you haven’t lived. They are best done with olive oil spray, but those spray cans you buy at the supermarket last about three seconds before you have to bin them. Plus I am very suss about the quality of the oil in them.

So my dad bought me one of these from the fancy kitchen shop in Leura and it changed my life! (Don’t know the brand but it is similar to this one).

Image result for olive oil spray bottle

You pump it to build the pressure then spray it on. Not only can you use the good oil, you can infuse garlic or herbs or chili. Get yourself one of these and you’ll never be ripped off by those cans again.

Moon cups and Thinx underwear

One of my feminist principles is that women shouldn’t be shamed about our bodies and their natural functions. Which means I talk about periods. I actually take some small pleasure in annoying men about it, but that’s incidental.

Anyway, I wanted to get tampons and pads out of my lady garden. Not only are they hugely wasteful, they are full of chemicals. I now use a combo of a JuJu cup and these amazing period underwear that honestly look like normal undies.

Some women can use a cup on its own but for whatever reason, it doesn’t seal 100% for me. I won’t go into the detail of how it all works, because others have done this for you, but I will say this: you can stop paying for feminine hygiene products. Never again grudgingly hand over your hard earned money for the pain of having a period.

And if you’re squeamish about seeing or touching your own blood, I say get over it. We can never truly own our feminist power if we think that what our bodies make is shameful. Like, maybe you don’t have to sing the flow song, but you get the drift.



Make your own stock

Ok, this is less about saving money and more about not wasting stuff. But have you ever made your own stock? It’s the best! And now it’s actually trendy because it’s called bone broth and Sarah Wilson champions it. But it was cool when my grandma was around, so Mary White is actually the original hipster.

Next time you have a whole roast chicken (if you don’t, you’re missing out), save the carcass. Maybe freeze it and wait til you have two, depending on how much you want to make. Save veggie scraps or just throw an onion and a dying carrot or two in there (if you even have any after purchasing your Tupperware !). Add quite a lot of salt – at least a teaspoon – and herbs, even just the mangy old herb stalks.

If you want beef stock you can ask the butcher for soup bones – a marrow bone cut up smaller is good. I take a strange pleasure in watching the butcher cut them up on a band saw. Is that weird? Anyway if you get charged more than five bucks for them the butcher is ripping you off.

The process is the same as for chicken stock, although you may want to skim the fat off after it cools – it solidifies, so that’s easy. I chuck mine in a slow cooker but you can just simmer on the stove too, for a good few hours.

The worst bit is pulling the bones out at the end and straining it all (I always manage to spill some). It’s easier to strain it all into one bowl then divide into smaller containers for the freezer. Or even zip lock bags if you can deal with the plastic guilt.

The stock is great in soups and curries and also for generally feeling smug about life. Like, when people say they use stock cubes you can look at them with disdain, then talk about gut-healing bone broth.

So these are my hot tips. Shout out in the comments if you have any more!

photo credit: PeterThoeny Follow the stairs into spring via photopin (license)

The three numbers you need to care about

When they tack sport onto the end of the news bulletins, I have an uncanny ability to tune it out. Not on purpose – I just have zero interest in who sportsed harder than the other.

I’ll bet you do that with the business news too. You legit don’t care about the price of gold or Texas crude oil. You don’t care that the All Ords was down 4%.

I get it – even I only listen with half an ear. (Daily movements don’t mean much – it’s all about the trend lines.)

But there are some numbers in the world of economics that have a real impact on you and your life.

Keeping an eye on them not only makes you smarter, it helps you make better decisions.  So here is a list of numbers I watch and care about, even as someone who can barely use Excel. (Seriously, I can’t even do formulas – it’s like some sort of learning disability).

GDP Growth – This is a simple number with a huge amount of stuff sitting behind it. It’s kinda like saying ‘This is a smoky eye’ when actually this is 20 minutes, five make-up brushes, eyeliner, mascara and probably some swearing.

Gross Domestic Product Growth is a sign of how well the economy is doing: what business is up to; how productive people are (every time you check Facebook at work you are hurting the economy. JK! Well sort of); how technology is making things more efficient. You don’t need to know each thing, but you do need to know the effect.

When the economy is growing, things are pretty good. There are lots of jobs, people spend money, investments grow in value.

If the economy is going backwards, it’s called ‘negative growth’, (an oxymoron in my view, but a thing nonetheless). This is VERY BAD for jobs and general chill levels.

GDP growth is measured every quarter and if you have two consecutive quarters of negative growth, that is a RECESSION.

Now the weird thing (in a good way) about Australia is that we’ve now had over 100 consecutive quarters of positive growth. While all those Europeans and Americans had a post-GFC recession, we didn’t (see side note below).

But it hasn’t been amaaazing growth either, which is one reason why the Reserve Bank has cut interest rates so many times – to try and pump up the economy by making it cheap to borrow and invest.

Unfortunately, most of that borrowing and investing has been by consumers and not businesses. Hence the housing market has gone bananas, while business investment levels have fallen off a cliff (here are the stats if you’re interested).

The reasons behind that are complex, but I think it’s partly a risk-averse corporate culture, and partly because shareholders are demanding big dividends instead of putting profits back into the business.

Side Note Why politicians matter to the economy – if you aren’t interested skip to the next section.

Remember K Rudd sending everyone some free money in 2008 (the ‘stimulus’ program)? That was to avoid a recession. The idea is that if everyone keeps spending, the economy will keep growing.

Sounds simple right? And it is, if you believe my friend Keynes (he’s my friend in the way Beyonce is – we don’t actually hang out. Also, he died in 1946). Keynes says if consumers and business stop spending then the government needs to step in and spend instead. Or give consumers the cash to spend (hello K Rudd!).

The alternative approach is where the government cuts spending to the bone – called ‘austerity’ – and then hopes for the best. It’s been proven to be totally fucking useless and just sends countries into deep, long-term unemployment (see Greece, as an example).

But the weird thing about economic policy is that governments often do stuff that has never been proven to work, because it’s based on the ideology of the people in charge.

Like, tax cuts for business and rich people have never been proved to trickle down to the rest of the economy, but Malcolm Turnbull and Donald Trump fucking love them anyway because they love business and rich people. OK, end of side note.

Inflation – measured as the Consumer Price Index (CPI), this tells us how much prices have moved. They take a ‘basket’ of goods and services – food, clothes, school fees, petrol etc – and track how much people are paying for them.

Some prices go up – hello, glass of wine in a bar! (I paid $13 for one the other day. I nearly vomited). And other prices go down, like TVs and clothes from H&M.  When they are all added and averaged, it gives us the inflation rate – most recently 2.1%.

Why does this matter? Well every time things get more exy, the money you have in your hot little hand is worth less. So you don’t want inflation to be too high.

But if it doesn’t grow at all, it’s a sign that the economy isn’t healthy, so you don’t want it too low either.

Tricky huh?

The Reserve Bank has decided the ‘just right’ level of inflation is 2-3%, so this is the their ‘target inflation band’. If the rate falls below it, they might cut interest rates (see why this stuff matters!).

Or they might not, depending on what else is going on, like house prices going crazy.

TBH, the Reserve Bank has a pretty tough job. Their overall goal is to keep the economy humming. But it’s harder than doing a wedding seating plan. Like if you put that cousin with that friend, they will argue about Trump. And where do you put that lone friend who doesn’t know anybody? Should you put all the single peeps together, or is that telling them they are non-married losers who should be separated from society?

Well that’s how the RBA feels when they try and balance inflation with house prices, growth with avoiding a bubble, stimulus with fairness. And worst of all, they only have ONE TOOL for doing this: interest rates. Up, down or on hold.

And that’s why inflation matters – not just because it affects your spending power, but because it drives interest rates. If you have a mortgage, that matters.

And if you don’t, it still matters, because it affects a) the price of the property you might buy one day and b) the investors buying the property you rent.

Wages Growth – This is very closely related to unemployment, and right now, these two numbers are not good friends. They grew up as besties – doing the same stuff together. When unemployment was low, wages went up. That’s how they rolled.

But in the past few years, they’ve really started going separate ways. One of them likes raves and EDM, the other is into Indie bands at pubs. One of them is vegan and wears recycled fashion, the other is shopping at Forever 21 and gets eyelash extensions.

Don’t believe me? Check out this RBA graph – see where they diverge and also how damn low wages growth is now.

Image result for wages growth unemployment australia 2017

What’s changed is the amount of UNDER-employment – people who want to work more but can’t find the hours. They stay out of the headline unemployment rate but are still economically disadvantaged.

Which is a long way of saying that the economy is complicated, yo.

You should care about wages growth because it relates to your market price as an employee. On a national scale, it’s getting harder to march into your boss and ask for a payrise. So you need to make sure you stay relevant and in-demand, and that you’re acquiring new skills that increase your value. You may also need to be realistic about your payrise expectations (soz).

The Upshot

I know, that was a long and detailed foray into economics. And hardly any celebrities to break it up (well, we had K Rudd and Keynes, I guess).

But I want you to know that this stuff matters. It’s not just numbers on the news; it’s stuff that makes a genuine difference to our lives and should affect our voting decisions.

There are actually tons more cool figures I could have included in here, but hopefully this gives you a taste for that exciting world of ‘the national accounts’. Woot woot! Let’s party with Bey!

 

photo credit: https://www.flickr.com/photos/hongatar/ 

Top 3 tight-arse meals for the week before payday

As a tight-arse from way back, I hate spending money on work lunches.

And as a weightlifter, meal prep and Tupperware containers are 80% of my life. So I can teach you a thing or two about high-protein, low-cost meals.

First of all, let me just recap the numbers on work lunches. Say you buy lunch twice a week and it costs you $12 each time. You work 48 weeks a year, so that’s $1152 a year on burritos and sushi. If you cut that down to once a week, not only does buying lunch become a fun treat, it will save you nearly SIX HUNDRED BUCKS! You could spend that on shoes or investments or savings – whatever.

But I know, you don’t have time to prep lunches because you have kids/drinking sessions/work events/Netflix commitments.

So here are my foolproof ways not to end up in the food court, being fleeced for a bento box … especially if you have too much month at the end of your money.

The Ultimate Pantry-Freezer Lunch: Tuna Special

I thought everyone knew about this, but apparently not. And not everyone knows about the special secret ingredient either. It’s pretty simple:

  • A tin of tuna (I use the 180g ones, because gainz)
  • Mixed frozen vegetables (Aldi – $1.79)
  • Rice (you can use the microwave packets but I think they are wasteful and exy, so I cook a couple of cups of brown, black and red rice on the weekend – lasts a week in the fridge)
  • Secret ingredients: sesame oil and soy sauce

You chuck a handful of the veg in a container (to defrost during the morning) then add your rice, a tiny splash of sesame oil (seriously, go easy on this stuff, it’s really strong – no more than 1/2 teaspoon), and a small slurp of soy sauce.

At lunch, heat in the microwave for a couple of minutes, add the tuna, heat another minute or so. This will cost you about $2 AND make you feel super healthy and virtuous!

Looks way special, huh?

The Ultimate Make-ahead Freezer Lunch: Mince & Veg Extravaganza

I eat this for breakfast every day, but some people think that’s weird. (Those people haven’t been doing squats before work, obvs.) But it’s a great lunchtime option especially if you want a hot meal. It’s based on:

  • Beef mince (I use 1kg but you could use 500g if you’re a pussy)
  • 1 Onion

Chop the onion and cook it on medium heat. Turn heat up to full and brown the mince. Now add a bunch of spices. I don’t measure anything, but if I did I guess I’d use about 1/2 teaspoon of each:

  • Ground cumin
  • Ground coriander
  • Sweet paprika
  • Smoked paprika

And whatever else I feel like. Cook them up with the mince for about 1 minute. Then throw in (for 1kg mince):

  • 1 tin whole tomatoes
  • 1 tin crushed/diced tomatoes
  • Quarter or half a jar of passata

Again, you can play with these quantities. Just depends on how thick or saucy you like it. You can also skip the passata and just add more tomatoes. It’s all very fluid.

Then you add in all the vegetables (especially old, dying ones) in your fridge.You can throw them in a food processor or chop them by hand. I like some combo of:

  • eggplant (diced)
  • carrots
  • zucchini
  • broccoli (srsly – just chop it into small pieces)
  • kale or spinach (I often use frozen portions – $1 a pack!)
  • brussel sprouts (sliced or pulsed in the food processor)
  • mushroom
  • capsicum
  • choko (if you have an aunty or nanna who grows it)

Throw in a good pinch of salt and pepper then simmer for at least half an hour – til everything is soft (the eggplant seems to take the longest). Cool it down a bit (don’t leave it out too long if you don’t like salmonella), put it in little containers and pop in the freezer.

I use the dedicated Tupperware freezer range, but the cheap stuff or even snap lock bags do the trick. Then when you tell yourself you have no food for lunch, grab these little lifesavers and let them defrost all morning. Simples!

Also good for late-night, I’ve-been-at-the-pub dinners.

The Ultimate Lazy Girl’s Low-Carb Frittata

I’m almost embarrassed to tell you about this one, it’s so easy and cheap. It’s our old friend the Frozen Mixed Vegetables and a packet of frozen spinach.

  • Defrost the veg (in the microwave if you have one, on the bench for an hour if you have allocated the microwave nook to protein powder, like me)
  • Whisk up some eggs. It depends how big your oven dish is. I have a loaf tin that takes 8 eggs to fill. Just play with what you have. If it’s not non-stick, try lining it with baking paper to avoid egg mess.
  • Now I add some egg whites from a carton. You buy them from the fridge at the supermarket but they are always in hard-to-find places, and I end up asking.
  • Add a sprinkle of chilli flakes if you like them, into the eggs.
  • Lay the veggies out nicely in the dish and pour over the eggs.
  • Baking time depends on how deep the dish is and how many eggs. My loaf tin takes an hour. A flan or pie dish would be about half that.

 

cheap meals Before…netflix … And after

 

This version gives me enough for a 4 days of eating. Just depends how hungry you are. Have a side salad with it and it feels more satisfying (I’m talking some baby spinach and cherry tomatoes – nothing fancy or hard).

And that’s it my friends! No more excuses for not taking your lunch to work. Also, you will be healthy and feel virtuous – and who can put a price on feeling smug?

photo credit: gborin Hang on little tomato via photopin (license)

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