Money Laundering

What is it about money?

Money is a means of exchange for goods and services, and in and of itself is sort of innocuous. Yet it is often anything but. It’s hard to talk about, drives wedges in relationships, ends friendships, destroys businesses, and can quickly become so contentious that it rips families apart.

A few weeks ago, at the end of a wonderful lunch with friends, our server brought the check. We hadn’t really talked through how we would spilt the check, and so there was that familiar moment of awkward silence, until one friend said it like it was. Why is money so hard? That broke the silence as we all laughed and acknowledged what she’d said. We figured it out, paid the bill, and all was well.

Today, after a fantastic family gathering last weekend, where everyone pitched in to share in the cost of food, it was time to settle up. A couple of us had done the shopping and everyone else slipped me their cash contribution throughout the course of the weekend. I put it all in the white vase in my closet to be counted up later, or at least I thought I did. Adding it up, I was $50 short. I checked every pocket I could think of, looked inside the book I’m reading, my lingerie drawer, and under the cushion of the chair in my closet where I throw my clothes when I’m in a hurry (or tired, or lazy for that matter). Still short fifty bucks, since I was the one who’d lost it, I’d be the one to eat it.

Oh well.

Such is life with money sometimes.

And then…I remembered to check the washing machine, and sure enough, Alexander Hamilton and Andrew Jackson have never been so clean.

How we manage money with others can damage relationships if we aren’t careful. Doing it right and keeping things clean when it comes to money and other people isn’t always easy, but it’s actually pretty simple. Talk about it up front, seek mutual understanding, come to agreement, follow through on your commitments, and circle back if something doesn’t seem right.

Money is a big deal, but not the real deal, and while it may not grow on trees, it never hurts to check the washing machine.

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Right On The Money

Sometimes there is someone, and something, too good not to share.

Please meet my dear friend Jill Schlesinger. CBS News Business Analyst, host of the nationally syndicated radio show Jill on Money, she is also the author of the new book, The Dumb Things Smart People Do With Their Money.

I met Jill about 10 years ago as we were both about to head out for an early morning hike at Rancho La Puerta, a wellness resort and spa in Tecate, Baja California, Mexico. I noticed her across the room, knew that she was someone I needed to meet, and walked right up and told her so. For the next seven days as we climbed the mountain trails together, I found her to be a safe place to talk about my long time issues with money. She didn’t gasp when I told her about my financial fears and failures. Instead, she helped me make sense of them.

Since those early morning hikes, not only have we become dear friends, but whenever I have a money question, concern, or harebrained idea, she is my first call. Hers is a no-nonsense approach, sprinkled with a hefty dose of heart and humor, and she can make even the most complex topics accessible for those of us who still count using our fingers.

Jill's Book