It’s Pay Day! The ABC’s new column where we ask Australians the money questions we don’t like to talk about. We aim to demystify personal finance and normalise conversations about what we earn and how we save it — or spend it.
Hannah Conda is an award-winning drag performer who has been dazzling audiences across Australia and around the world for more than a decade. She recently entered the RuPaul’s Drag Race hall of fame as a runner-up on the show’s second season Down Under and again in the latest season of UK vs. The World.
For Pay Day, Hannah shares the expensive truth behind the scenes of her glitzy television appearances, the lowest point in her financial life thus far, and a deliciously affordable lunchtime splurge.
How would you describe your financial situation right now?
In all honesty, it is not where I thought or hoped it would be. Doing two seasons of RuPaul’s Drag Race and self-funding a few tours over the last few months have really hit my pocket quite hard, as well as the increase in our rent. I’m slowly getting back on track.
How was money spoken about in your house growing up?
Growing up talk about money was very frank. We understood that it had to be earnt and you needed to be smart with it.
However, money was not the be-all and end-all. My parents had a focus on us being good people and working hard. They set us up with skills so that we’d be able to support ourselves in whatever job that we do.
What did you spend your first pay cheque on?
I started working quite early on, around age 10 or 11, in the kitchen as a dishwasher in the hotel that my parents ran back in Yorke, about an hour-and-a-half drive from Perth.
My first job as a young adult, though, was at a shoe store and my first big purchase was a Country Road bag. It was 2008 and as a young gay kid I just wanted to keep up with the older gays!
About how much of your income goes towards your rent or mortgage each week?
$400 a week. I’m in an apartment in inner city Sydney, splitting it down the middle with my partner, and it still takes up a big chunk of my income.
What has been your biggest financial disaster?
Honestly, the last two years have been extremely financially stressful. I have had some of the most incredible experiences, however preparing costume packages for two seasons of Drag Race really hits hard and is difficult to build back from.
You have to provide runway looks for each episode — that includes fabrics, wigs, jewellery, make-up. You might have to pay a costumer or a wig styler if you’re not doing it yourself. So there’s a lot of costs that come together, and that’s just one look, let alone 10.
The opportunities that come out of doing a show like Drag Race in Australia are limited and you don’t really make enough to cover all the outlay to make sure you stay at a high calibre of drag that people expect.
Travelling has also eaten up a lot of my finances, with excess baggage, transport and accommodation, which often hasn’t been covered with a few of the trips I have gone on.
What’s your guilty splurge?
This is tricky. I have definitely cut back on my UberEats, that used to be my Achilles heel. Now I would say it’s wigs and makeup — business expenses, yes, but in the quantity that I get them, I could calm down!
Have you ever kept a secret about money?
Yes, a few weeks ago I hit the lowest point in my financial life since my 20s. I just got back from tour, and I was down to my last $1,200 … I’ve always made sure that I had a buffer there, but that’s where I’m at.
I had paid to go over to the UK for the finale of the show and I messed up the way that I booked the flights. So I ended up having to pay at the gate, per kilo, to add extra luggage for my drag outfits — $4,000 for one suitcase!
Not a proud moment, but a learning one. I’m on the way back up now, working hard and being smart.
How much was the last loaf of bread you bought?
I don’t really buy bread, but I do like to get an egg and lettuce sandwich — Woollies or Coles, or actually 7-11 does a good one — which is about $4 or $5. WORTH IT!
Cash or card?
Both! I always have both on me. Diversify the portfolio mama!
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What’s your biggest source of money anxiety?
Just having enough to support myself and knowing that there is more money coming in than there is constantly going out. I feel like just waking up and moving costs money now.
The rate of inflation right now scares me. I would love to buy a house but I just don’t see that being viable in Sydney at this time. I just want to know I can live, be happy and comfortable, but even this simple dream seems like it’s slowly getting further and further away.
What are you saving for right now and how are you doing it?
My savings at the moment are pretty slim. But I have started putting money aside for a potential move to the UK. That is my goal and it’s on my vision board. So I am working my little lashes off to make it happen.
If you could tell 18-year-old you one thing about money, what would it be?
Stop wasting money on silly things. I think about all the times I have purchased something on a whim and it’s sat somewhere never to be used or consumed — different kinds of lashes or nails, random little things.
Be a more mindful spender. Be aware of what you are buying and spending money on and why. I say this now because 33-year-old me needs to hear it as well!
Hannah Conda will be performing with fellow RuPaul’s Drag Race alumni and Rhys Nicholson as host in the Australian Snatch Game tour this June.