|
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, especially during the holidays. A holiday budget would’ve helped, but now 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. |
| 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 in the last year, credit card debt has exploded. I recently read that HBO star Issa Rae admitted that when she was a college student, she ran up lots of credit card debt, to the point it was “crippling” (her word, not mine). It reminded me of how shortly after getting my M.B.A. (in International Finance, so I had no excuse), I got in debt over my head. 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 then 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. |
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Black
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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 …
| 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! |
| 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. |
FULL QUESTION: Asking Again: I love how Red & Black is run by two sisters. Is one of you “the boss”?
We thought this would be the perfect question to rerun on National Boss’s Day. Why? Well, we think the responses below say it all …
| Oh yes, definitely! Without question, that would be Black. In fact, on more than one occasion, I've been known to refer to her as The Boss (and I'm not talking about Bruce Springsteen). It's usually me kidding around and saying something along the lines of "I'll have to check with The Boss." (Even my daughters have heard me refer to their aunt that way, and they've never questioned me, so there must be some agreement, at least in my family, about who's the boss.) To a great extent, it may be because if you were to compare our bios, I don't think my background as a mom prepared me to be a businesswoman, although Black has tried to convince me otherwise. On the other hand, Black's bio makes it painfully obvious she's "all business" so better suited to be "the boss." |
| It depends on how you define "boss." If you are referring to who owns more of the company, I hold 1% more than Red, which technically means I have more"authority". And, I will admit that as the older sister, I have more practice being bossy (especially as she has always tried to avoid conflict), but when it comes to business, I value teamwork. Red has a perspective and background very different than mine (that is an understatement!), but the key is acknowledging that – and learning from one another in order to make the best business decisions. The bottom line is there would be no Red & Black … without Red or without Black. It is truly a partnership. |
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