Words & Banter

It’s Not Complicated … It’s Just DOLLARS & SENSE

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:

P.S. – And whether you’re trying to survive the holiday season (this checklist is about more than just money) or looking forward to a fresh start in the New Year (although maybe not the “resolutions” part), stay tuned as later this month we’ll have a post dedicated to THE BIG PICTURE. (FYI, our subscribers get sneak peeks before we post online.)

When Red first heard Black talking about the importance of "soft skills," she didn't even know what she was referring to, let alone that they would be important to her life. So, Black explained that it was a term used to describe intangible but essential skills, such as critical thinking and problem-solving, communications, and conflict management.

Red, trying to be sarcastic, then asked if there was such a thing as “hard skills,” Black matter-of-factly told her those are tangible and technical skills such as computer skills.

Of course, Black couldn’t pass up an opportunity for sarcasm and explained that although there’s consensus about the importance of soft skills, there’s debate about what they should be called, with her favorite being the Texas Education Agency (TEA) calling them "21st Century Skills" – although she's old enough to remember they were important in the 20th Century, too.

But would anyone call them “Mom Skills”? Well, Red couldn’t help but remember the time Black told her, “Your job is every bit as demanding as a corporate position, and, in fact, you use many of the same skill sets.”Not something Red could ever have imagined, but it made sense once she better understood what soft skills are and how they are used. But then Black took it a step further,

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Life rarely goes as planned. Sometimes, unplanned events only cause minor adjustments. But sometimes, they can put you in “crisis mode” and might require major transformations. Like the rainy Friday when Red’s husband came home and told her, totally unexpected, that he had been fired. In a split second, her life went from fairy tale to nightmare.

So, whether you freak out (Red’s default setting) or are feeling overwhelmed and uncertain where to start, when we relaunch this site in the New Year, there will be a section called **IT HAPPENS. Filled with tips and tools (and, of course, food for thought), we hope it will help you survive and thrive during even the most stressful life events.

Because we’ve experienced them, we know that a “crisis” can come in many different forms (financial, work, relationship, health, natural disaster, the list goes on), and what starts as one issue often impacts many aspects of your life. But, as Black recently explained to Red,

Every situation is different, but you can approach them in a similar way, although I did not tell you that at the time. I did not even let you know we were going through the steps one-by-one because, in your case, I knew we first had to deal with the emotional aspects. And, when I told you I thought your “crisis” would be the best thing that ever happened to you, you thought I was being nice. Even though I do not do nice.

Well, Black may not “do nice”, but she did help Red through her “crisis”, and along the way, managed to help Red see that adjusting her mindset and perspective could make all the difference.

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Red was your typical straight-A student, getting great grades starting in kindergarten straight through to graduating from college.(Black’s grades were less than stellar, plus she was a discipline problem – some things never change.) And then, excited and proud of herself, Red thought she was done. Black, on the other hand, thinks of education as something that never ends, and much to the chagrin of students, will tell them,

Homework never ends; it just is called “research” when you get older.

Over the last few years, Red has come around to Black’s way of thinking and realizes it’s a mindset. And that education is more than the classes you take in school.

September is when students of all ages are back in school, but it’s also National Literacy Month, which is about so much more than reading and writing. Literacy includes things like Digital Literacy, Financial Literacy, Health Literacy, and even News Literacy. (As the linked Conversation Starters indicate, Red was the “poster child” of a highly educated person who lacked many of these basic literacy skills.)

So, we challenge you to find a topic that interests you or one you could benefit from learning (personally or professionally) and start doing your homework.

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