Sep 15

Dual Incomes, Good Money… So Why Are We Still Struggling?

This week, we're discussing a common situation we see: dual-income households earning great money but still struggling to get ahead. Most of us believe that earning a better wage will help us achieve financial wellbeing. But in reality, it's about knowing your numbers, being in the driver's seat when it comes to your money and spending according to your values. In this episode, we cover: Mel and Darlene's money truths: the reality of installing solar and the challenge of holding firm in the face of financial pressure from a teenage daughter Why so many dual-income households are struggling – and our top tips for putting yourself in the driver's seat when it comes to your finances What financial wellbeing actually means Why it's normal for your financial focus to change at different stages of life The trade-offs that come with every financial decision How not knowing your numbers can prevent you from making confident decisions Our TMC take is that earning more doesn't necessarily equate to improved financial wellbeing. In fact, as we often see in our one-to-one chats, people navigating tight financial circumstances are often more informed and deliberate with their money. We love talking about money – and we believe that the more we have these conversations, the more we can reduce the shame and stigma surrounding a topic that plays such a significant role in all our lives. We hope this episode resonates with you. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together the stories and insights Darlene Neu and Mel Pearce have gained through working with thousands of Australians and helping them navigate their finances. With more than 50 years of combined experience in banking and finance, Darlene and Mel break down the barriers we face every day when it comes to money, relationships and family life. It's an honest, no-holds-barred podcast about financial wellbeing and the role money plays in all our lives. READY TO BEGIN YOUR FINANCIAL WELLBEING JOURNEY? Get to know your cost of living by listing your expenses using our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources Book a time to chat with us, ask questions and talk about all things financial wellbeing, home loans and more. Email team@themoneycollective.com.au Take action and improve your financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

Sep 1

Your First Home Might Be Closer Than You Think

Owning your home is a core part of the great Australian dream – but it's also something many people feel is out of their reach these days, especially for the younger generation. In this episode, we explore why housing feels so unaffordable for first home buyers and share our best tips for getting into the market (we believe in you!). We cover: This week's personal money truths: balancing the competing priorities of work and family; and wondering when it's okay to contribute to a kid's purchase Where to start as a first home buyer – and why Government schemes can be a great way to get into the market How much you REALLY need for your deposit Why it's essential to know your facts and figures Why we recommend talking to a mortgage broker before you feel "ready" The TMC view on why budgets don't work – and how to make yours stick If you're saving for your first home, dreaming of getting into the market or have a loved one who's planning on buying their first home, we hope this episode is the pep talk you need to understand that it IS possible. As mortgage brokers, we help people take their first steps towards home ownership every day – and with the right information, preparation and planning, you might be closer than you think. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together stories and experiences from working with thousands of Australians when it comes to money. This is a no-holds-barred, honest podcast. Darlene Neu and Mel Pearce have been working in banking and finance for over 50 years and break down the barriers we face every day when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources Book a time with us to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

Aug 18

Money Mindsets, Big Dreams and Savings Stress

You've heard us talk about the importance of money stories before, but in this episode we REALLY break it down for you – sharing why they matter, how they drive our behaviour, and opening up about how our own upbringings shaped our personal money stories. Whether you realise it or not, your money beliefs are influencing every decision you make – and how big you dare to dream when it comes to your life and finances. In this episode, we cover: How a recent exciting work trip got us thinking differently about what's possible – and the ways our families brought us back down to reality The importance of challenging yourself and changing your behaviour to get a different outcome What to do if you feel like you're just not building your savings Why you need to know your numbers to create a real plan The TMC view on how our money beliefs shape our behaviour – and how to better understand yourself Mel and Darlene's personal money stories, and how they've shaped their attitudes and decisions throughout their lives We hope that by talking openly about our own money stories (and encouraging you to chat to others about yours), we can collectively break down the shame, stigma and ego around money. At the end of the day, your story is trying to keep you safe – but you have the choice to keep the parts that are serving you and release the parts that aren't. We hope you enjoy this episode – and in the spirit of uplifting financial wellbeing across Australia, we'd love it if you'd share it with someone who'd benefit from it. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together stories and experiences from working with thousands of Australians when it comes to money. This is a no-holds-barred, honest podcast. Darlene Neu and Mel Pearce have been working in banking and finance for over 50 years and break down the barriers we face every day when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources Book a time with us to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

Jul 14

Should I Pay Off My Mortgage or Start Investing? It All Comes Down to Your Why.

Money has a way of shining a light on the beliefs we don't even realise we're holding. This episode begins with a moment of real honesty as Darlene reflects on her son's recent engagement, the unexpected emotions it brought up, and the way it encouraged her to truly walk her walk. And Mel gets real about the challenge of running a business you're truly passionate about while also trying to show up for your family in the ways that matter most. From there, we tackle one of the biggest questions we hear from clients: should you pay off your mortgage, or start investing? While there's no one-size-fits-all answer, the best financial decisions start with understanding what's important to you. We chat about: Why personal growth often means learning to let go (even when it's hard) Why having a clear purpose matters more than chasing an arbitrary financial goal How taking a long-term approach can help you build wealth with confidence Plus, in our educational segment, we explore the important topic of coercive control and financial independence We're your big-sister hotline as we unpack what coercive control can look like when it comes to money, why everyone should be informed when it comes to family finances, and how maintaining visibility can provide confidence, security and choice. As always, we hope this conversation encourages you to reflect on your own money story and remember that the best financial decisions are the ones that align with your values and the life you want to build. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together the stories and experiences of working with thousands of Australians when it comes to money. It's a no-holds-barred, honest podcast. Darlene Neu and Mel Pearce have been working in banking and finance for over 50 years and break down the barriers that we face every day when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? 📊Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources 💬Book a time with us to ⁠chat about money⁠ to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ ✨Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

Jun 30

Retirement, Relationships and Making Sure You're on the Right Track

This episode, we're tackling a topic that comes up in conversations with clients all the time: "I think I'm doing okay, but I just want to check." For many people, the question isn't really "How much money do I need?", but rather "Am I on the right track?" Darlene is honest about her aversion to retirement, sharing why the idea of stopping work has never appealed to her and how differently she and her husband view this stage of life. Meanwhile, for Mel, retirement isn't something she spends much time thinking about at all, preferring to focus on living a meaningful life today. In this episode, we chat about: Why retirement means different things to different people The importance of purpose, contribution and meaning The difference between retiring because you want to and retiring because you think you should Why so many people wonder "Am I on the right track?" when it comes to money The value of asking "what if?" and preparing for life's unexpected twists and turns Why it's important to enjoy life today while still planning for tomorrow Plus, in our educational segment, we discuss why money can be one of the most challenging topics for couples to navigate, the importance of open and honest communication, and some of the green flags we look for when partners are financially aligned. As always, it all comes down to understanding our individual money stories – and being open to understanding others' stories too. We hope you enjoy the episode and it encourages you to think about yours more deeply. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together the stories and experiences of working with thousands of Australians when it comes to money, this is no holds barred, honest podcast. Darlene Neu and Mel Pearce have been working in banking and finance for over 50 years and break down the barriers that we face everyday when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? 📊Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources 💬Book a time with us to ⁠chat about money⁠ to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ ✨Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

Jun 2

Navigating Divorce and Separation (Plus Why Your Money Story Matters)

This week, we're exploring two topics that have a huge impact on our financial wellbeing – navigating separation and divorce, and understanding the money stories that shape our decisions (and our lives). Inspired by the conversations we have every day at The Money Collective, we discuss why it's never too early to understand your financial position, know your options, and start planning for the future if you're wondering what life might look like beyond your current relationship. In our Money Truths segment, Darlene shares a relatable story about her daughter Lily's first big spending decision, while Mel makes a passionate case for spending money on the things that bring you genuine joy – including Taylor Swift concerts. In this episode, we chat about: How planning ahead can help reduce stress and uncertainty during separation and divorce The importance of communication, transparency and financial visibility within relationships What to consider when making decisions about mortgages, debt and future financial security How understanding your values can help guide difficult financial decisions Plus, in our educational segment, we explore one of our favourite topics: money stories. We unpack how the beliefs we've inherited about money can influence our behaviours, shape our sense of self-worth, and keep us stuck in patterns that no longer serve us. We also share practical ways to start identifying your own money story, understanding how it may be influencing your financial decisions, and beginning to create a healthier relationship with money. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together the stories and experiences of working with thousands of Australians when it comes to money, this is no holds barred, honest podcast. Darlene and Mel have been working in banking and finance for over 50 years and break down the barriers that we face everyday when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? 📊 Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources 💬 Book a time with us to ⁠chat about money⁠ to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ ✨ Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

May 20

What To Do When You Can't Get Ahead

We are back with an episode talking about something we know a lot of people are feeling right now. It's that frustrating sense that no matter how hard you work or how much you try to be responsible, you just can't seem to get ahead – or even stay on top of your day-to-day expenses. Mel kicks things off with an honest money update of her own, sharing why her family has gone back through the numbers and tightened spending. Darlene talks about the money lessons that come with having a teenager earning her first pay cheque – and why letting kids work things out for themselves is sometimes the most valuable lesson of all. We unpack what to do when you feel like you're constantly treading water financially, how to get a clear picture of where your money is actually going, and why understanding your numbers can be confronting, but incredibly empowering. In this episode, we chat about: The shame that comes from feeling like you're struggling financially – and how to move through it How a spending review can help you stop guessing, face the reality of your finances, and make clearer decisions Why feeling stuck isn't always about how much you earn – and often comes back to your systems, habits and mindset Why prioritising your financial wellbeing is just as important as making time for your mental and physical wellbeing Plus, in our new educational segment, we break down the changes to negative gearing and capital gains tax, and what they could mean if you own an investment property or are planning to buy one If you've been feeling stressed about money lately, we hope this is a helpful reminder that you're not alone. ABOUT THE MONEY COLLECTIVE PODCAST Financial Wellbeing with The Money Collective brings together the stories and experiences of working with thousands of Australians when it comes to money, this is no holds barred, honest podcast. Darlene and Mel have been working in banking and finance for over 50 years and break down the barriers that we face everyday when it comes to our relationships, families and finances. READY TO GO ON THE JOURNEY OF FINANCIAL WELLBEING? Know your cost of living by listing your expenses with our handy spending review spreadsheet: https://www.themoneycollective.com.au/resources Book a time with us to ⁠chat about money⁠ to ask questions and talk all things financial wellbeing, home loans, and more. Email team@themoneycollective.com.au⁠ Take action and uplift your own level of financial wellbeing with our online course: https://www.themoneycollective.com.au/onlinecourse

12/15/2025

Ep 25 | Kids, Cars & First Homes: New Rules for First Home Buyers

The Podcast duo are back! 🎉 Mel and Darlene are back, mics on and hearts full, wrapping up a massive year of business, family and money lessons – and looking ahead to 2026. In this episode, they kick off with two big real-life money stories from home: Willow saving 50% of his first-year apprenticeship wage to buy his first car (and why Mum didn't just hand over the cash), and Logan learning the hard way what it feels like to run out of money at uni – and how DoorDash, ABNs and "running a tiny business" all tie into financial resilience. Then they dive into what everyone's talking about: the revamped First Home Guarantee Scheme and what it means for: First home buyers trying to crack the market Parents who want to help without accidentally disempowering their kids Anyone wondering if now is a "good time" to buy or if they should wait They unpack: How the First Home Guarantee works now (no income caps, higher price caps, unlimited places) Why it's suddenly created a wave of first home buyer activity The impact on prices, pre-approvals and bank turnaround times Units vs houses vs lifestyle – how your values should shape what you buy How home loan repayments actually work (hello amortisation tables) and why most of your early repayments are interest Simple ways to pay less interest over time using extra repayments and offset accounts 💻 Want to play with the numbers? Check out our home loan repayment calculator and amortisation table on The Money Collective website and start to see how extra repayments or an offset could change your timeline. 👂 Got a question for a future episode? Send us your curly money question or first home buyer dilemma and we might chat through it on the pod. This podcast is general in nature and doesn't take into account your personal situation. Always seek personalised advice before making big money decisions.

Financial Wellbeing with The Money Collective

Dual Incomes, Good Money… So Why Are We Still Struggling?

Your First Home Might Be Closer Than You Think

Money Mindsets, Big Dreams and Savings Stress

Should I Pay Off My Mortgage or Start Investing? It All Comes Down to Your Why.

Retirement, Relationships and Making Sure You're on the Right Track

Navigating Divorce and Separation (Plus Why Your Money Story Matters)

What To Do When You Can't Get Ahead

Ep 25 | Kids, Cars & First Homes: New Rules for First Home Buyers

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Financial Wellbeing with The Money Collective

Episodes

Dual Incomes, Good Money… So Why Are We Still Struggling?

Your First Home Might Be Closer Than You Think

Money Mindsets, Big Dreams and Savings Stress

Should I Pay Off My Mortgage or Start Investing? It All Comes Down to Your Why.

Retirement, Relationships and Making Sure You're on the Right Track

Navigating Divorce and Separation (Plus Why Your Money Story Matters)

What To Do When You Can't Get Ahead

Ep 25 | Kids, Cars & First Homes: New Rules for First Home Buyers

About

Information