Money Madams

Two Aussie Girls Amber Parr and Katherine Hayes chat about all things money and career with tips, tricks and insights that you wish you had known years ago. Fortnightly episodes releasing on Mondays, Money Madams delivers practical and easy to understand money and life advice with a sense of humour so you can lead your best Money Madam life.

145 - Tiny Houses 04/21/2024

145 - Tiny Houses A tiny house can be a practical, affordable and an innovative living solution when faced with soaring property prices. If you’re contemplating tiny house life, you may naturally be wondering what's involved from how much they cost to the practical considerations. In this episode we cover the various pros and cons of living in a tiny house and even crunch some numbers for you if taking on a tiny home may help you financially step into a more traditional home later. Resources: The tiny home association: A range of providers including blogs and inspo pictures: /episode/index/show/moneymadams/id/30726443

144 - Finding Good Private Healthcare 04/07/2024

144 - Finding Good Private Healthcare In this episode, we talk about how to find "good" health cover. You know the kind that ticks all the boxes...... like being good value for money, pays back a decent rate to members, has good service, a low rate of complaints and importantly, covers the things you actually value. So tune in as we help you evaluate your current or future private health fund. One of the best places to get started is If you want to deep dive into the data you can access the nitty gritty via this link to download the /episode/index/show/moneymadams/id/30714123

143 Special News Update 03/24/2024

143 Special News Update This episode is just a quick update to let you know we have an announcement in leui of our regular style of episodes as we've been busy preparing and celebrating Katherine's big day! We will be back with a new episode in 2 weeks. : ) /episode/index/show/moneymadams/id/30514588

142 Nigel's claim story 03/10/2024

142 Nigel's claim story In this episode we meet with Ross Hultgren, and adviser from Geelong along with his client Nigel who wishes to share his claim journey. Nigel shares an important reminder about what is really important in life, and to remind us all to take care of ourselves and make sure we have a plan B in place. /episode/index/show/moneymadams/id/30305863

141 - Generating Income Through Your Home 02/25/2024

141 - Generating Income Through Your Home If you are looking to generate extra income but have no interest in a side hustle or extra work hours then this episode is for you. In this episode we talk about 5 different ways you could generate extra income from your home itself. /episode/index/show/moneymadams/id/30095083

140 - Accessing Equity Part 3 - Reverse Mortgages 02/11/2024

140 - Accessing Equity Part 3 - Reverse Mortgages If you are nearing, or in retirement and want to access the equity in your home without having to make monthly loan repayments, then you are probably considering a reverse mortgage arrangement. In this episode we cover the basics of the circumstances where this may be an option worth exploring, how much you may be able to access, along with covering the pros and cons of this type of set up. So if you or a family member want to know more about reverse mortgages tune in and just remember, this is a specialist area, so make sure to get appropriate legal and financial advice. /episode/index/show/moneymadams/id/29890638

139 Using Equity - part 2 01/28/2024

139 Using Equity - part 2 As we continue into our mini series on accessing and using equity we dive into a range of ideas and strategies for using the equity released from the sale of your home whether you are downsizing, upgrading or exiting property ownership long term. /episode/index/show/moneymadams/id/29678143

138 - Using Equity 01/14/2024

138 - Using Equity Equity can be a great tool to help you get ahead and make the most of your finances, but what exactly is equity? How do you access it?; and when is it a good vs bad idea? In this first episode of a mini-series into using home equity we cover all your questions. /episode/index/show/moneymadams/id/29369398

137 - 2023 Wrap Up 12/10/2023

137 - 2023 Wrap Up In our final episode for the year we cover the highlights of 2023 and outline some episodes we have planned for next year. For those that are keen to sort out their finances, we are running a 50% off special for all digital items in the Money Madams store. We wish you all a festive and merry season and will return in mid Jan. /episode/index/show/moneymadams/id/29002958

136 - The Sunk Cost Fallacy Phenomenon 11/26/2023

136 - The Sunk Cost Fallacy Phenomenon What is the sunk cost fallacy? The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits. It can be a big problem when we aren't aware of its impact on our decision to stick with versus abandon our plans when it comes to money, relationships or other key decisions in our lives. In this episode we cover ways you can work through these challenges and detect these situations much earlier. /episode/index/show/moneymadams/id/28777518

135 Black Friday Cyber Monday 11/12/2023

135 Black Friday Cyber Monday It's one of the biggest sales of the year which can mean blowing your budget or scoring some amazing deals, sometimes both. If you love a bargain, and we certainly do, we chat about making your dollar go further by planning ahead to take advantage of what can be amazing deals. /episode/index/show/moneymadams/id/28537832

134 - Debunking Bad Advice 10/29/2023

134 - Debunking Bad Advice Have you ever heard that you should aim for tax losses on investment properties, or you need a credit card to get a credit rating score, or perhaps you should move all your money into defensive assets as you approach retirement? Well-meaning advice can be great, but what could work well for someone else could be disastrous for you. In this episode we correct some common misconceptions as well as talk about what happens if you do receive bad advice on a professional level. /episode/index/show/moneymadams/id/28318055

133 - Scams & Horror stories 10/15/2023

133 - Scams & Horror stories While you may be able to spot a scam from a Nigerian prince, but what about protecting your My Gov account? In this episode we go through some of the most recent scams going around following the data hacks on some major organisations. As scary as it can be, we also have some tips to reduce the chances of being hacked yourself. /episode/index/show/moneymadams/id/28318031

132 - Gift or Loan 10/01/2023

132 - Gift or Loan Parents often want to help out kids, and gifting is often the norm. It's a nice warm and fuzzy feeling helping out others, but what if you could better help your child or loved one with a loan instead? In this episode we discuss the protections and drawbacks of gifting versus loaning money for you and the person you wish to help. /episode/index/show/moneymadams/id/28189163

131 - Achieving a Million dollars in Superannuation 09/17/2023

131 - Achieving a Million dollars in Superannuation Have you wondered if achieving a million dollars in super is achieveable? Well, the answer is yes, well at least if you act early enough. We'll walk you thorugh what it takes to get your super to that level based on a range of starting balances, ages, income level, investment approaches and how much you contribute each year. If you'd like to play around with the money smart super calculator yourself, head to /episode/index/show/moneymadams/id/28055196

130 - Super Splitting 09/03/2023

130 - Super Splitting Sharing is caring when it comes to Superannuation. This little known strategy for couples can be a great tool for a range of scenarios. Have a listen to this episode to find out how you could potentially boost your age pension, acess your super earlier (and importantly legally!), and make the most of your superannuation strategies that are dependent on your account balance being below certain thresholds. /episode/index/show/moneymadams/id/27926514

129 - Decoding Your Superannuation Statement 08/20/2023

129 - Decoding Your Superannuation Statement It's that time of year when super fund statements are sent out. It's easy to ignore your statement because the money doesn't feel real, or because the information in them can be overwhelming. In this episode we cover how to tell if your super is performing well and break down some of the jargon so you can feel confident that you are on top of your super! /episode/index/show/moneymadams/id/27798861

128 - Budgets under Stress 08/05/2023

128 - Budgets under Stress With rents and mortgage interest rates having risen sharply, many people are starting to notice their incomes feeling more restrictive. In this episode, we talk about ways of reducing budget stress, and it it's not all about spending less. We cover ways to swap out, lower costs and bring some extra funds into your budget to make your dollars go futher. /episode/index/show/moneymadams/id/27654555

127 - The Sparrow Folk 07/23/2023

127 - The Sparrow Folk In this episode we have Canberra's own comedy sirens - The Sparrow Folk! Tune is to enjoy their humor as they share their journey of taking a side hustle to business venture. They also have a special suprise - a song they wrote and performed for Amber and Katherine all about the Money Madams! /episode/index/show/moneymadams/id/27539619

126 - Super Insurances 07/09/2023

126 - Super Insurances In this episode we break down the difference between the cover you get in your super fund vs the cover you get via an adviser - you'd be amazed at the difference in quality and price! We all know Katherine loves personal insurance, but this week we have a guest, Matthew Wallis! As always you can reach out to Katherine to get help with your insurances (just book in via ), but Katherine tends to book out 2-3 months in advance, so for those who would like another option we highly recommend Matt! You can reach Matt via or book in via or check out his website at /episode/index/show/moneymadams/id/27409704

125 End of Financial Year Prep 06/25/2023

125 End of Financial Year Prep It's the end of financial year. Santa isn't the only one making a list and checking it twice. The ATO has released its hot list. So if you want to avoid the naughty list and make sure you are up to date on upcoming changes, tune in to this episode! /episode/index/show/moneymadams/id/27098292

124 - Car Insurance 06/11/2023

124 - Car Insurance Car insurance, most of us have it in some form or another, but do you have the correct type, and have you ever checked the fine print of your policy. In this episode, we break it down and reveal some tips and tricks when it comes to making sure you have the cover you want, and avoid a bad deal. /episode/index/show/moneymadams/id/27098151

123 - Rentvesting 05/28/2023

123 - Rentvesting In this episode we chat about the strategy of Rentvesting, the pros and cons and how it can be a third option to be considered in the classic debate of whether to buy or rent. /episode/index/show/moneymadams/id/26920083

122 The Budget - What's in it for you? 05/14/2023

122 The Budget - What's in it for you? It's the night Katherine gets her geek on (well more than normal). After working through the details, we share the key pieces of info that are likely to make an impact on your day-to-day finances from super, tax, government payments and incentives and more. /episode/index/show/moneymadams/id/26809905

121 Buying vs Renting 04/23/2023

121 Buying vs Renting It is often said, rent money is dead money, but is that really true? At what point is it more advantageous to rent over buy? Join us in this episode as we look at both the pros and cons when it comes to buying a home vs renting. /episode/index/show/moneymadams/id/26623149

120 - Inflation - Why does it matter? 04/09/2023

120 - Inflation - Why does it matter? Everyone is talking about inflation. We can't escape hearing about it. But what is inflation exactly? Join us in this episode as we cover its impact on you (we promise there is some good news in all this!), what it means for your mortgage and saving interest rates, and lastly, what steps you can take to combat the rising cost of living in a high-inflation environment. /episode/index/show/moneymadams/id/26486511

119 Investing vs Paying down your mortgage 03/26/2023

119 Investing vs Paying down your mortgage If you've ever wondered whether you should be focusing on paying down your mortgage or whether you should use any spare cash to invest, then this is the episode for you. We'll walk through the questions you should ask yourself, crunch some numbers, and highlight different personal values to help you answer the question for yourself. /episode/index/show/moneymadams/id/26341569

118 - Live abroad without quitting your day job 03/12/2023

118 - Live abroad without quitting your day job Do you dream of living in an exotic location, or envy those who have jobs that allow them to be paid to live and work overseas like Amber? Dream no more, becoming a digital nomad may be your ticket to making your dreams a reality. For more info about digital nomad visas check out To work out the differences in the cost of living between countries check out /episode/index/show/moneymadams/id/26199870

117 - Lending update 02/26/2023

117 - Lending update With interest rates rising, if you haven't been reviewing your home loan lending rates and mortgage arrangements, now is the time to so so! In this episode we have David of True North Mortgage Solutions back on the show to chat about what's on offer from the banks, what impact rising interest rates have on loans (beyond paying more back to the banks) and general updates to help us all out. If you want to chat with David about your lending options, you can reach out to him via https://truenorth.loans /episode/index/show/moneymadams/id/26040198

116 Scams 02/12/2023

116 Scams It may be easy to avoid falling for a Nigerian Prince, but scams are becoming increasingly sophisticated. In this episode we cover some of the more recent scams going around so you can protect your hard-earned dosh! /episode/index/show/moneymadams/id/25896465

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