BONUS: The 2026 Federal Budget Explained Without The Boring Bits

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She's On The Money 1h 9m 7 speakers 6 chapters transcribed 4 months ago
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What is the main topic discussed in this episode?

Victoria Devine 0:00
Hello my friends and welcome to She's On The Money. I am Victoria Devine and around here we are all about making money a little less overwhelming. We have a community of more than 300,000 people, we have podcasts and blogs, we also have freebies like budgeting tools and investing cheat sheets to help you feel more in control of your financial future.
Vince Scully 0:20
She's on the money. She's on the money.
She's on the money.
Natasha Bambler 0:31
My name's Natasha Bambler. I'm a proud First Nations woman and I'm here to acknowledge country. Hello, beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's on the Money podcast, acknowledges culture, country, community and connections, bringing you the tools, knowledge and resources for you to thrive.
Victoria Devine 0:53
Hello and welcome to a very special bonus episode of She's on the Money, where today our good friend Glenn James from Money Money Money and Vince from Retire Right and I got the privilege to dive headfirst into the federal budget ahead of the masses so that you absolutely do not have to read 400 pages of economic jargon and tiny little footnotes pretending to be as excited as we are. We are currently recording this from inside the budget lockup because the budget hasn't been released to the public yet. yet, which honestly feels like being maybe trapped in a very intense group assignment with Australia's political journalists, economists and people who say the word productivity recreationally.
Victoria Devine 1:34
Now, if you've ever watched the budget coverage before and thought, Beautiful. What does this actually mean for me? My friends, this is the episode for you, because today we are just talking about what has been announced. We're going to break down everything in plain English. We're going to talk about who benefits, who doesn't, and what maybe feels like has been forgotten. We're also going to talk about whether any of this is genuinely going to make life feel a little bit more affordable for Australians. So this evening, let's unpack what matters, what's political theatre, what's genuinely interesting and what our community actually needs to know. Let's keep this in mind as well, Glenny James. We've only had an hour to unpack this before we jumped into a press conference, had a chat with the Treasurer and Katie Gallagher.
Victoria Devine 2:21
So these are just our initial reactions and commentary.
Glen James 2:24
Rightio, so I don't know how we're going to do this, VD, but we probably should say hi to Vince Scully from Retire Right.
Vince Scully 2:32
Yes, that's me, Vince Scully from Retire Right podcast. And this is an exciting day.
Victoria Devine 2:40
We are all really excited. And I keep saying that, but genuinely, this is kind of like our Super Bowl. It is exciting because it's all the stuff that we talk about all the time. It is cost of living, it's childcare, it's women's financial security. And for me, all of this is just what's going to move the dial, hopefully in the right way for the next 12 months. And I think there's a lot weighing on it this year.
Glen James 3:03
Yeah, I mean, gosh, and I think VD, like we've done a lot of joint episodes together. Vince Scully actually licenses us. So if we say anything wrong, you're going to the big house. I'm going to jail. But with calling Vince our real-time historian and fact checker and potentially having a look at what could matter to people, Who are a bit more senior. A bit more senior.
Vince Scully 3:26
Mature, I think is the term.
Glen James 3:28
Yeah. Experienced. BYOB, as we were saying earlier. BYOB.
Victoria Devine 3:30
What's that mean, Glenn?
Glen James 3:31
I'm not going to say it. Oh, okay.
Vince Scully 3:33
I'm used to being the token boomer.
Glen James 3:34
Yeah.

What are the key highlights of the 2026 Federal Budget?

Victoria Devine 3:35
I think it's helpful.
Glen James 3:37
What's everyone's – honestly, guys, I don't know how we're going to do this chat. We know that Katie's going to be in here soon. We'll have a chat with her. So that's the Assistant Treasurer, Katie Galloway, who's joined us. No, she's the Minister of Finance, Minister of Women and Economic Security. Melina is the Assistant Treasurer. I don't know. I'll throw to VD.

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