Real Sisters. Real Life. Real Stories.

Ask Red & Black

My credit card bills are out of control! What do I do?


Red assets.rebelmouse.io


I can relate. When my husband got fired, Black made me total up all our credit card debt, and I broke down in tears. The funny thing is that before she’d help me deal with it, she insisted on giving me a history lesson on credit cards. And although I love history, initially, I fought her. But I’m so glad she ignored me! To this day, understanding that the origin of credit cards wasn’t a line of credit but instead a convenience (to be paid in full every month) has made a huge difference.

But that doesn’t answer your question. I think we all know how easy it is to rack up credit card debt. If you don't already have one, you need a monthly budget to see where you can cut back and apply those “savings” to pay down your credit card bills. Without making this a math class (not my favorite subject), I just memorized that after paying the minimums, I should apply any “extra” money to the credit cards with the highest interest rates (APRs). There’s nothing I can do about the past, but I can start making better decisions today.


Black assets.rebelmouse.io


I appreciate that “misery loves company,” and recognizing that we all are susceptible to overspending (Nicholas Cage took it to the extreme) helps explain why so many people carry credit card debt. If it makes you feel better, I got in debt over my head shortly after getting my M.B.A. (in International Finance, so I had no excuse). To the point where, although I was making a great salary in a corporate job, I had to take a second job waitressing on weekends to pay down the debt.

Am I suggesting you get a second job? No. I am suggesting you look at the numbers and decide how best to “attack” them (maybe even consider debt consolidation to lower the overall interest rate you are paying). Some people suggest paying off the lowest balances first, but that is a psychological approach. As Red will tell you, I am pragmatic and prefer to crunch the numbers and come up with a realistic plan ... and set myself up for success.

credit cards
Ask Red & Black

Help! I feel more like my kid’s chauffeur than parent.


red head red head assets.rebelmouse.io

Oh, so many parents, myself included, can relate! Now that I’m an “empty nester”, there’s a part of me that misses being needed for something as straightforward as being their personal chauffeur. Right now, it may seem like it’s never going to end, but it goes by so quickly. Trust me. At the time, it would often drive (pun intended) me crazy, and I’d think about all the “lost hours” driving my daughter to volleyball practices and tournaments. But were they really lost, as I now miss that quiet time with her?


Black's Head Black assets.rebelmouse.io

Not having children, I can only give you an “outsider’s” perspective. And, I know there are Uber-type transportation services for teenagers, although without doing extensive research on them, I cannot say whether I would have felt comfortable with my nieces using them. However, I remember that once Red’s youngest was old enough to drive, as were some of her friends, Red often replaced time chauffeuring with time worrying.

At one time, I suggested making the car a “no cell-phone” zone — but explain that is what you charge for chauffeuring service. Now, I wonder if that should apply to adults, too.
parenting
Ask Red & Black

Real Questions. Real Answers.

Design by Sawyer Pennington

JUST LIKE MOM?

One of the things that drove Red crazy growing up was when our mother asked everyone questions. Lots and lots of questions. But that was because Red was a quiet, unassuming child who disliked attention of any sort. However, as she grew up, she realized how else do you find answers? Black, on the other hand, rarely asks personal questions, figuring if you want her to know something, you’ll volunteer it. But that doesn’t mean she doesn’t ask questions. Lots and lots of questions. (WARNING! Her favorite one is, “Why?”)

OUR FAVORITE QUESTIONS …

Our favorite part of Speaking Engagements is when we open it up to questions from the audience, and, more often than not, we run out of time before we run out of questions. Many times, the questions are predictable (Did Red’s husband ever get a job?) and sometimes they’re not what we expected (What did Black learn from Red? FYI, she had to pause before answering). However, given Black turned Red’s crisis into a book — a brand — a business, we haven’t gotten a question that we refused to answer. (Note: Please do NOT take that as a challenge.)

We’ve also done countless media interviews, and the questions from media professionals are not very different from the ones at speaking engagements. However, many of them provide us with an opportunity to share food for thought and “instantly actionable” suggestions, so we’ll share the “better” questions with you.

QUESTIONS WE ASK EACH OTHER?

If you’re wondering if we ever generate the questions, the answer is “yes.” Why? Because sometimes one of us wants to know how the other one would answer it. Typically, Black’s curious about Red’s self-proclaimed “mere mortal” take on a topic, but sometimes it’s Red needing a non-emotional perspective.

SEND US YOUR QUESTIONS!

We love questions. And, yes, you can submit one. (Red gets very excited when they arrive in her inbox.)

If you receive our newsletter, you’re part of the group we invite to send questions to Red, Black, or both of us.

We read them almost immediately. (Red insists.) From there, we select the questions most likely to resonate with our community — ones that are useful, thought-provoking, or simply fun.

Because the goal isn’t just to respond. It’s to make it worth sharing.

P. S. — If you want to be part of this community, sign up on the sticky bar at the bottom of this page.

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Ask Red & Black

You asked us ... Do you follow March Madness?

So much of what we had to say about March Madness in our 2023 post still holds true … Red’s lack of interest and Black’s love of …


Red assets.rebelmouse.io


Until a few years ago, I would have thought March Madness had something to do with Spring Break. I’ve never followed sports (pro or college), but once my younger daughter started playing competitive high school volleyball, and then applied to colleges, I learned all about college sports and division teams.

This year, living in the Greater Houston area, I couldn’t help getting caught up in March Madness since the University of Houston was a No. 1 seed. (I hate to admit it, but it’s the same with the Houston Astros. I’m not interested until they make it to the playoffs.) But now that Houston has been eliminated, my only real interest in March Madness is avoiding Houston’s NRG Stadium since that’s where the Final Four playoffs will be held, and the traffic will be, well, madness!


Black assets.rebelmouse.io


I love March Madness. Not because I love the sport but because the statistics are fascinating. (Plus, it is a great name.) The odds of filling out a perfect bracket (correctly predicting all game winners once the March Madness teams are selected) are almost too small to calculate. Out of a record 20 million brackets submitted on ESPN this year, just 37 picked the men’s Final Four. That's 0.000185%.

And, this is the first time all four No. 1 seeds were eliminated during the Sweet Sixteen, not even making it to the Elite Eight, let alone the Final Four. Which improves the odds of this being a “Cinderella Story” year.


sports