Good With Money

We're back again with another week in our wallets brought to you by PocketSmith. This week Victoria galivants around Japan while Emma has a low key week of hustling.

Head to www.pocketsmith.com/thebrokegeneration to get 50% off your first two months of PocketSmith's foundation plan.

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In this episode I'm joined by Kim Heironymous, education manager at AustralianSuper, to talk all things superannuation and how to get engaged with your superfund for the benefit of your future self.

Highlights:

• Understanding how super contributions work
• How you can make up for years of low/no super
• How spousal splitting and co-contributions can help you level the super playing field in your relationship
• The impact of small additional contributions
• Small ways you can take steps towards a better retirement

Take your Super Snapshot here to see how you’re tracking!

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Disclaimers:

If you’re considering making a decision about AustralianSuper, please read the relevant PDS and TMD available at www.australiansuper.com.

Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover.

If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your other fund before you combine your super.

Before adding to your super, consider your financial circumstances, eligibility, contribution caps that may apply, tax issues and when your super can be accessed.

AustralianSuper modelling projections show a high school graduate who starts their retail career at 18yo and earns 12% SG on their Ordinary Times Earnings (OTE) of $56,000 throughout their working life can expect a balance of $556,000 when they retire at 67. At 20yo, they change their investment option from Balanced to High Growth. They continue to earn 12% SG on their OTE of $56,000 throughout their working life. By changing their investment option, they can now expect a balance of $641,000 when they retire at 67 – that’s $85,000 more than if they hadn’t taken action.

The projection is only an estimate and isn’t a guarantee. The actual benefits you receive will depend on a range of factors including future economic conditions, investment performance and legislative change. Assumptions: Calculations at September 2025. Salary as per General Retail Industry Award (Retail Employee Level 4) 1 at 25 June 2025. Salary indexed at 3.5% pa. AustralianSuper administration fees of $1 pw and 0.10% of account balance (capped at $350 pa) and AustralianSuper average insurance costs of $450 p.a. Assumes member will receive a tax benefit of 15% on any administration fees and any insurance fees deducted directly from the account. Investment returns projected over the working lifetime are 6.5% p.a. for the Balanced option and 7.0% p.a. for the High Growth option, net of fees and applicable taxes. SG contributions are 12% pa from 1 July 2025. Assumes member works full-time throughout the projection period with no career breaks. 

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Welcome back to another episode of A Week In Our Wallets, this time brought to you by our fabulous friends at PocketSmith! Head to www.pocketsmith.com/thebrokegeneration to try PocketSmith for yourself. 

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Welcome back to things you'll thank yourself for in 10 years. If you haven't listened to part one yet, go and do so. This week I'm diving into more small things you can do for your life, health and finances that you'll thank yourself for in the future. Share this with someone you think will enjoy it!

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Welcome to the annual Black Friday episode where I take you through my observations on the sales sentiment this year, comb through retail reports on what the industry is seeing, and of course, leave you with my top tips, mindsets to embrace and traps to avoid to ensure you're happy with your spending by the end of it all! 

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It's officially release day for The Wardrobe Project (in Australia, anyway!). Rest of world, you're only about a week or so away! In this special release day episode I take you through a bit about the writing process, my 5 favourite things about the book, and a sneak peek reading of a few pages. Get your tickets to one of the launch events below – I can't wait to see you!

Melbourne: https://www.trybooking.com/events/landing/1496871

Sydney: https://www.trybooking.com/events/landing/1489984

Order your copy!

• Australia/NZ: https://amzn.to/3Jatx9x 
• Non-Amazon AU/NZ Preorder options: Booktopia 
• UK: https://shorturl.at/fKH5O 
• Non-Amazon UK: Bookshop.org 
• US: https://shorturl.at/9KNyb 
• Canada: https://shorturl.at/PgcJx 

Or Google search "The Wardrobe Project by Emma Edwards" in your region for local results.

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WE'RE BACK BABY!!!! In this episode, I'm joined by KJ. a passionate financial advocate openly sharing her financial journey. KJ discusses her experiences migrating to the UK from Zambia aged 7, detailing her struggles and triumphs with debt management and living her 'best boujiest life' while building financial confidence. From her educational background in law to a rewarding consulting career, her story highlights the importance of financial literacy and emotional resilience. KJ also touches on the concept of 'black tax,' the pressures of being an eldest daughter, and her strategies for effective budgeting and financial planning. Her journey showcases how overcoming financial challenges requires internal growth and practical techniques.

Highlights:

• The shame of debt and debt cycles
• The "black tax" and family expectations within cultures
• Early money conversations and how they shape us
• Cultivating a drive for success and growth
• Navigating a career in consulting and doubling your salary
• Believing in yourself when the world doesn't
• Budgeting while living your best boujiest life

Where to find KJ: https://www.tiktok.com/@kjkas4?_r=1&_t=ZS-918LdLIfd48

See omnystudio.com/listener for privacy information.

In part one of this new series, I'm sharing a raft of things you'll thank yourself for in 10 years. No matter what age or stage of life you're at, there's something to be said about doing something now that'll pay off in the future. Often we wait around for the perfect time to start something, only to realise that the years have passed anyway, and we'd be so much further along with something if we'd just taken that one first step a decade ago.

PREORDER THE WARDROBE PROJECT!

• Preorder in Australia/NZ: https://amzn.to/3Jatx9x 
• Non-Amazon AU/NZ Preorder options: Booktopia 
• Preorder in the UK: https://shorturl.at/fKH5O 
• Non-Amazon UK Preorder: Bookshop.org 
• Preorder in the US: https://shorturl.at/9KNyb 
• Preorder in Canada: https://shorturl.at/PgcJx 

Where to find Emma

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration  

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

A short message from Emma to let you know the podcast is taking a teeny tiny 2.5 week break to catch up on editing and making the show the best it can be for your favourite months of episodes: December and January! 

Here are five of the greatest hits episodes from the back catalogue to listen to while I'm gone:

• 3 things that fundamentally changed my finances forever
• 10 things to do instead of self-soothing with spending
• 7 money mindset shifts I’ve had to go through on my finance journey so far
• Is it unfeminist to discuss women’s spending habits? SPENDTEMBER with Emma & Victoria
• “Spending” vs “investing in yourself”

Or why not head over to Broke Business and have a listen to the money podcast for business owners! 

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This was a hotly requested episode as we hurtle closer towards gift-giving season, so settle in for a deep dive into why gift giving is its own unique taboo, and some strategies for addressing expensive traditions or norms. 

PREORDER THE WARDROBE PROJECT!

• Preorder in Australia/NZ: https://amzn.to/3Jatx9x 
• Non-Amazon AU/NZ Preorder options: Booktopia 
• Preorder in the UK: https://shorturl.at/fKH5O 
• Non-Amazon UK Preorder: Bookshop.org 
• Preorder in the US: https://shorturl.at/9KNyb 
• Preorder in Canada: https://shorturl.at/PgcJx 

Where to find Emma

Website: https://thebrokegeneration.com/
Instagram: https://instagram.com/the.brokegeneration
TikTok: https://www.tiktok.com/@the.brokegeneration  

Order my book, Good with Money!

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.