Money. It’s the first thing Red thought about when her husband came home and, totally unexpectedly, told her he was fired. And what was the first thing she did? She freaked out (Black likes to say that Red finally used her theater degree), assuming the worst about their financial situation. And if that wasn’t bad enough, she was certain she couldn’t “do” personal finance.
She then made a third foolish assumption … that her sister Black, who had an M.B.A. in International Finance, would tell her what to do. Instead, after giving Red a few days to deal with her emotions, Black started to ask her basic questions about their financial situation, and it became obvious Red’s default setting was to “freak out”.
And so Red’s journey (which Black turned into our bestselling book, What I Learned About Life When My Husband Got Fired!) began with learning the basics of personal finance and, ultimately, she’d realize that Black wasn’t being sarcastic when she said,
When it comes to money, you have two choices: you can let your money control you, or you can control your money.
But first, Red, a straight-A student, had to overcome the unfounded belief that she wasn’t capable of learning about money. She had to find a way to get around the mental roadblocks of being intimidated by financial terminology and concepts, which the very thought of gave her a headache. And then Black simply asked,
Can you add and subtract? If so, you’re qualified to “do” personal finance.
So, whether you’re more like Red (was), feel like you’ve got a good handle on your money but are always looking for tips and tools, or merely are curious about Black’s unusual ways of looking at money (or her sarcastic comments), we think you’ll enjoy the DOLLARS & SENSE section on our new site in the new year.
Until then, and especially since “tis the season for spending”, we want to share some of our favorite money posts:
- TERMINOLOGY (AS EXPLAINED BY BLACK): RED & BLACK … Like Money More Than Math?
- A POWERFUL TIP: Think Before You Spend?
- MONEY & RELATIONSHIPS: My husband and I always argue about money. Any advice?
- CREDIT CARDS: My credit card bills are out of control! What do I do?
- BUDGETING (THIS IS A TRUE STORY): Black’s First Budget – A Fond Childhood Memory?
- ANSWER THESE QUESTIONS: Talking To Myself … About Money?
Our banter may start with two sisters, but it’s getting families, friends, and even classrooms talking.
| When I first heard the term "digital literacy," I wasn't exactly sure what it meant, but I'll admit that I feel like a dinosaur when it comes to technology, and usually turn to my daughters for help. I don't know if it's just generational, but I'm intimidated by my computer, and although I can do the basics, any time things go "wrong", I default into panic mode, followed by feeling lost and frustrated. And the thought of buying a new computer? Well, it gives me a headache — not only the cost but especially learning how to use it. And if I lose internet service, I feel disconnected from the world. (I guess that can sometimes be a good thing.) Then there's my cell phone, and I admit that smartphones often make me feel stupid. I remember when phones were landlines, and cordless was a big deal. Now I'm walking around with a small computer that also makes phone calls and takes photos. I've learned how to text, load some simple apps, and even how to set the alarm clock, but that's about it. |
| I know us "older" people think younger people are technology-savvy, but many are merely technology-dependent, which is very different. Technology is much more than access and setup. Being able to use computers, smartphones, and the internet covers a wide range of "basics" (such as emails and other communication tools, web browsers, and search engines), and there are specific computer skills that improve our productivity (such as word processing and spreadsheets). Plus, you often need web conferencing skills (like Zoom or other audio and video applications) to interview for a job. But, that is only the beginning. Since we live in a digital world, we need the skills to find and analyze information, and also make sure it is accurate and credible. (What is that adage, "Garbage in — garbage out"?) However, it is not only finding the right information, it is then knowing what to do with it. Including what and how to share. |
THE CONVERSATION STARTERS
- How would you describe digital literacy? What skills do you think are necessary to manage daily life? To be successful in the workplace?
- Why does using technology correctly seem so daunting?
- What do you think is the best way to learn about technology and become digitally literate?
- How do you decide whether online information is accurate and credible?
P.S. – You might be interested in this animated video on Research & Analytical Skills we did as part of a soft skills series for The Greater Houston Partnership's UpSkill Houston initiative.
My teenager's a slob and it’s driving me crazy ... and now they’re home for the summer. Help!
FULL QUESTION: My teenager's a slob and it's driving me crazy — their messy room, leaving dirty dishes all around the house, and the bathroom looking like a disaster area! And now they're home for the summer. Help!
| Moms everywhere know exactly what you're talking about! And although people told me not to worry, this phase would pass, that didn't make it any better while I was in the midst of it. (I wish I had understood why teenagers have messy rooms and what I could have done to manage it better.) The good news was I was able to set expectations (and help maintain them) for the common areas of the house, but dealing with their rooms was very different. Especially with my eldest daughter, since nothing would work — not bribes, not threats, not rational conversations. I tried all the tips and "tricks" without success and eventually decided to stop nagging her because all it did was get me upset while she seemed perfectly content with the mess. At that point, I realized my primary concern was that I'd ultimately need an exterminator and/or plumber (for those of you who have lived through this, you understand), so I'd periodically go in and selectively clean that which would create problems for the rest of us. The rest I left alone. Hey, if she wanted to wear smelly clothing or have a bathroom that should be declared a national emergency zone, so be it. | |
| I do not have children, but there was a time when I did have stepdaughters, and, not knowing what else to do, I decided to treat them like I would new employees. I knew employees basically wanted to please management, so I figured kids wanted to please their parents, and hopefully, stepparents. I created a "Rules of the House" document (small, basic, easy things), and most of them were things to do versus things not to do. I presented the rules as an opportunity for them to achieve and succeed, not as a set of restrictions. I always found it more effective with employees, and then with the girls (and even their father), to reinforce positive behavior rather than punish bad behavior. It can be as simple as a "thank you," complimenting them on their efforts, or even rewarding a job well done. It seemed to work, and along the way, improved communications and helped us set priorities. |
Our banter may start with two sisters, but it’s getting families, friends, and even classrooms talking.
| I don't know the origins of #GivingTuesday, but it apparently gets bigger and bigger every year. And I'm not surprised. Having a day that makes you stop and think about others, and what you can do, whether it's a donation of money or time, is so powerful. Not only for the recipient, but for the giver, as there's nothing that compares with feeling you're helping to make a difference in the lives of others. | |
| | As I have often said, my decades-long involvement with The Make-A-Wish Foundation does far more for me than I do for them. It is my reality check on life and my constant reminder of what is important. I may not be able to cure the kids, but the fact that I can make their lives, and their families' lives, a little better by helping grant wishes is the least — the very least — I can do in return. But, there are so many organizations that need help. And, not just in terms of money. |
THE CONVERSATION STARTERS
- If you can't afford to donate money to your favorite charities, what are other ways to give back?
- There are so many good causes and worthwhile charities that need help. How do you decide which to support?
- Obviously, donating to the causes you care about benefits the charities. But what positive effects can it have for you?
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