(L-R) Victoria Williams, Tonya Rapley, Marsha Horton-Barnes, Tiffany Aliche, Kara Stevens
Earlier this month a powerful collective of women committed to helping others get their financial house in order hosted their very first event, “Frugal Fab 5″ here in New York City. While the evening was positioned as a meet up, guests walked away with more than just a handshake and a hello. The event hosts (pictured above) were able to share a few valuable nuggets of wisdom to get them started on their financial wellness journey.
“The most amazing thing about the event was that we created a safe zone for women of all backgrounds to talk about money and their money issues free of judgement. We were honest and real with our advice, but hopefully we set a few women on the right track. After leaving the event one woman was ready to kick her $30 a day cigarette habit for good!”
- Tonya Rapley, founder of myfabfico.com
1. Know how much your life cost you each month. Being aware of his number allows you to decided whether or not you can quit that job. It also helps you decide on the most effective budget needed to accomplish your goals.
3. Do not be afraid of credit cards. They can be instrumental in helping build your credit score. If you need to start with a sub-prime card of an unsecured card, do so and prove your credit worthiness. After a year of positive payment history start with your bank and see if you can be approved for a prime card. Then make sure you pay most of your cards off to a zero balance monthly.
To learn more about the Frugal Fab Five you can check them out on the following sites: