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Mum, Victoria:<\/b> I can't remember exactly where I heard it, I think it was on TV, but I remember hearing a financial adviser say you should try and save 15% of your wage every week. I mean I didn't necessarily do that (laughing) but I have always been a very good saver, even when I was still in high school. I worked 2 jobs before I'd even left school, and I've been saving since then. I actually paid for an overseas holiday with a friend at 16. I was never given any money from my mum or dad, because they didn't have any money themselves!<\/span><\/span><\/p>\n Chandel: <\/b>Well obviously, I work in finance now, and I'm surrounded by financial and money advice almost every day, but growing up, the only person I ever spoke about money with was you really. So the only financial learning I ever got back then, was from you. And you were always very vocal about money in our household, and how important it was to always be saving and to never spend beyond your means.<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Yeah, mainly for me it\u2019s saving. Always save something, even if it\u2019s just a little bit each paycheck.<\/span><\/span><\/p>\n Chandel:<\/b> Yeah, although something we talk a lot about with Ladies Talk Money is that a lot of women do get that advice, and understand that, but we often miss out on the advice to then invest those savings so that it grows.<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Oh definitely. I mean if you can afford to buy a property then you should absolutely do that. Even if you can't afford to buy something where you live, you can rent where you want to live but invest in real estate where you can afford.<\/span><\/span><\/p>\n <\/p>\n Mum, Victoria:<\/b> Nothing. If anything, they taught me how not to be. We never had a lot of money growing up, and I just always knew that I never wanted to be like that.<\/span><\/span><\/p>\n Chandel:<\/b> Yeah this is really interesting because a lot of people, particularly when it comes to money, can end up becoming what they\u2019ve learned. So for example, if they grew up with parents that weren\u2019t very good with money, who taught them bad money habits or didn't give them any good advice, often they can end up struggling with money themselves when they get older. But you\u2019re one of those people that went the opposite way.<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Well yeah, my parents never had much money. Mum didn't work and dad didn't have an overly large income, so they never earned much. I just always knew I was going to have to take care of myself financially.<\/span><\/span><\/p>\n Chandel:<\/b> Actually that\u2019s something I've also learned from you. Even though it wasn't true for me like it was for you (because you and dad did give us money growing up) but more the idea that I need to take charge of my own finances early. You can't rely on anyone else, nor should you really. I learned everything from you, to be honest. I don't really know anyone in my life that\u2019s better with money than you are.<\/span><\/span><\/p>\n Mum, Victoria:<\/b> (laughing) Well, thank goodness for that.<\/span><\/span><\/p>\n <\/p>\n Mum, Victoria:<\/b> Well, because I became so busy with you girls when you were born (Chandel has a sister, Maquel) I really took my foot off the peddle with money and stopped being so involved with it all. And I really wish I hadn't, because we had a few money disasters during that time.<\/span><\/span><\/p>\n Chandel:<\/b> Yeah, and I'd say you\u2019re not alone here. I think it\u2019s really, really important that we start supporting women more so that they don't feel like they have to give away the control of their money just because they become mothers. Or, because they get married!\u00a0<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Yes, I just wish i\u2019d always kept some level of control over the money, and that i hadn't \u2018checked out\u2019 so much for all those years. But apart from that, my approach to money hasn't really ever changed. I spent a lot more when you girls were little because i wanted to spoil you, but that\u2019s about it.<\/span><\/span><\/p>\n Chandel:<\/b> (laughing) Yeah, I'd say most of that money was spent on all my dancing and singing and acting lessons and costumes!\u00a0<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Oh definitely\u2026 but you know, you can't take money with you, I don't regret anything.<\/span><\/span><\/p>\n Chandel:<\/b> I think the only thing that has changed with my approach to money is that I want to do more with my money now, so that I see the benefits later on. So, I'm thinking a bit more long term these days. But honestly, I think that\u2019s only come about because I\u2019ve been exposed to the right advice, and I guess that\u2019s what we\u2019re trying to do for other women with Ladies Talk Money.<\/a><\/strong><\/span><\/span><\/p>\n Mum, Victoria:<\/b> Definitely when I left all the control of our money to your father, and he made some bad financial decisions. We lost a lot of money. Also, we had a terrible experience with some dodgy car insurance, which left us to foot the bill of an expensive accident.<\/span><\/span><\/p>\n Chandel: <\/b>Oh that\u2019s right! Though, in dad\u2019s defence the insurance wasn't <\/span>technically<\/span><\/i> his fault.<\/span><\/span><\/p>\n Mum, Victoria:<\/b> Well no, but it was still very expensive. I\u2019ve also never had overly high paying jobs, so, I\u2019ve always had to work very hard, and have always had multiple jobs.<\/span><\/span><\/p>\n Chandel:<\/b> I haven\u2019t really had any huge financial challenges (yet!) but I think that\u2019s because I\u2019ve been relatively good with money myself. I've also been incredibly lucky in that I feel like I'd have support from you guys if I ever really needed it. Which, I know is a HUGE privilege and there are so many people who don't have that support, which is incredibly hard.<\/span><\/span><\/p>\n <\/p>\nQ: What did your parents\/grandparents\/teachers\/first boss teach you about money?<\/i><\/span><\/h3>\n
Q: How has your approach to money changed throughout your life?<\/i><\/span><\/h3>\n
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Q: What have been some of the biggest financial challenges in your life?<\/i><\/span><\/h3>\n
Q: If you could give one piece of financial wisdom to future generations, what would it be?<\/i><\/span><\/h3>\n