TMWT Episode 3: Using a Secured Card To Increase Your Credit Score

I can’t believe it’s already Tuesday. I tell you, the Talk Money With Tonya series reminds me just how fast time is flying.

This week we are diving into my favorite topic…credit!!! If you have been wondering how you can increase your credit score, this one is for you my dahling.


We will be taping more segments over the weekend so if you have a question leave it below or at

I appreciate the feedback I’ve been receiving from you all and the continued support. I hope that you are thoroughly enjoying the #Financialpalooza giveaway. We have a huge upcoming event on Friday to mark the final giveaway. Oh and just a heads up, starting next week we will follow an alternating weekly schedule.


15 Kick A$$ Money Affirmations To Super Charge Your Financial Journey

The financial journey is full of joy and pain… sunshine and rain. (I seriously just did a B-Boy body rock after typing that.)

Okay, okay let’s get semi- serious.

The financial journey is rewarding but it is not always without challenges. We often hit bumps and minor road blocks along the way that can discourage us from proceeding or knock us off our game. But those events are not an indication to pull off the road. Challenges are an opportunity to utilize the information you have gained and persevere in the face of adversity.

Story Time

My Fab Finance isn’t my first attempt at blogging. I moved to New York in 2008 with a music blog that highlighted indie artists. Despite achieving minor success, I wasn’t able to generate income running the site. Two years later I decided to close the site. The out of the blue I had the idea to start My Fab Finance. I initially started the site to document my journey to financial freedom, in hopes of earning free clothes. I just wanted some free clothes y’all!

I had an epiphany while traveling through Europe. I love My Fab Finance and the projects I was involved in. I met a few other bloggers that were simultaneously able to create income from blogging and changing lives. A new possibility was unveiled to me. I set out to generate enough money through My Fab Finance to earn a respectable side income. I wrote down positive affirmations and began saying what I wanted every day.

And guess what? It WORKED! Today I make anywhere between $1500-$4000 on My Fab Finance a month. It has not replaced my income from my full-time job but it will. I know it will because I continue to practice positive thinking and I am walking in my purpose.

Storytime /Over

I firmly believe in the law of attraction. I have seen it work repeatedly in my own life which is why I wanted to gift you a few money affirmations to help you along your journey.  Below are 15 affirmations collected from last week’s #Financialpalooza challenge.

I encourage you to write down at least 2 of your favorites or create your own. Post your affirmations in a place that you walk by every day. Mine are posted on my bedroom mirror. Make it a practice to repeat the affirmations to yourself as often as you can throughout the day. Continue to do repeat these affirmations, even if the results aren’t immediate. Things will begin to happen.

The only thing I ask is that as changes begin to occur in your life, please share them with me. I love to see the power of positive thinking transform individuals lives.

Now. Let’s get to the good stuff <3

  • I move from poverty thinking to prosperity thinking and my finances reflect this change. – LaToya Joseph
  • I am a money magnet. – Jamie Fleming-Dixon
  • I am debt free. Money is constantly flowing into my life. – LaTrice Worthy
  • I walk in abundance all my needs are met. – Monique Parker
  • All demands have been fulfilled and every need has been provided for. – Jennifer Terry
  • My steps are ordered, my finances are in order, and I embrace abundance. – Bianca Michelle
  • My money makes money. – Asiah Charles
  • I love money. Money flows easily into my life. – Melody Bundy
  • My money consciousness is always increasing and keeping me surrounded by money. – Sasha Be
  • I am a good steward over my blessings. – Alicia Williams
  • I control my money, my money does not control me. – Keeyana M. Avery
  • I create wealth and live rich in faith, love and family. – Ijana Nathaniel
  • I walk in my purpose. Peace, healthy, and wealth with follow. – Marquita Ki Fokus
  • My self-worth and net worth are growing. – Janese Evans
  • Every day I am attracting and saving more and more money. – Angela Beaty

Thank you to all of the individuals that participated in the contest and shared their affirmation. If you have one that you use and would like to share it with the My Fab Finance community, leave it below.


5 Things to Consider Before Applying for A Reward Credit Card

I feel like reward credit cards are all the rage right now. Well in my circle they are the rage anyway. I won’t lie, I felt like I had officially made the credit card clique when I got accepted for my first reward card. In retrospect my first reward card is my weakest reward card. However, I have decided against closing it the card because doing so would erase all of the positive payment history I have accumulated. I don’t want that to happen you you.

L, who doesn’t want their money working hard for them?

But seriously, it's 2015. If you are going to spend your money it should work for you. Click To TweetWell when you say it like that Tonya… sheesh, I want my money to work hard for me)

“Well when you say it like that Tonya… sheesh, I want my money to work hard for me.”

There are various reward card options available to consumers with good to excellent credit. They range from gasoline cards to airline cards and everything in between.

I am not an avid supporter of cash back cards. However I do have one in my possession because my Capital One Quicksilver card was converted into one. I prefer travel cards (shout out to Chase). I recently cashed in a few points and booked a room in Puerto Rico at the Courtyard Marriott for my trip next week for FREE.99. <<– Don’t get snippy here. I know I had to spend money to earn the points. The point is that I would have spent the money anyway.

Whether you are a pro credit card user or a you are a novice credit card user, here are five facts to consider before adding rewards cards to your credit portfolio.

#1 Credit Card Sign Up Bonuses are Invaluable. Shop Them Wisely

If you aren’t getting a receiving a sign-up bonus, you are on the short end of the stick. I do not sign up for a card that provides less than 30,000 points. If your credit is decent enough to apply for a rewards card, you become more attractive to lenders. Use this to your advantage and shop around. Sites like Nerd Wallet and The Points Guy offer awesome comparisons.

Check The Points Guy Site for Credit Card Reviews

Credit card companies use bonuses and offers during the advertisement period to lure in new card users. I also look for perks such as a free-night , early check-in, free-checked bags, etc.

#2 Find a Reward Credit Card That Fits Your Needs

If you are afraid to fly, then an airline rewards card does almost nothing for you. If you want to take advantage of reward credit cards, then you need to get a card that will suit your lifestyle, not just because someone on the internet says it’s a good card. When considering a card,  think about your lifestyle and your spending habits. Where do you spend the most? For example, if you spend more time on the road, then get a credit card that will allow you to get gasoline cheaper. When you actively use a card, the chances of earning reward points or cash back offers increase.

#3 Can You Handle a Rewards Card

Most reward cards require a hefty minimum spend to receive a bonus.  I also take note of maximum spend amounts and any additional perks when comparing cards. For example, to receive my Chase Sapphire bonus points I had to spend $3,000. If a card has a minimum spend greater than $3,000, that is not the card for me right now. I’m uncomfortable with exceeding that amount. After all, I’m a rehabilitated over-spender.

I once saw a card with a $25,000 minimum spend.

Before you apply for a card, you need to ask yourself whether or not you have the will-power to pay the monthly balance. Many people fall into credit card debt under the guise of earning “rewards points.”

#4 What’s The Annual Fee?

As someone who just had two annual credit card fee bombs dropped onto her statement I want to tell you, be aware. Be very aware.


An annual fee for your card essentially means that, even if you didn’t charge a single thing for the entire year, you are still responsible to pay an annual fee to keep the account open.

Some cards have no annual fee ever and that’s awesome! I wasn’t looking for that when I signed up for my current cards but it’s something you should keep in mind.

#5 Interest rates can neutralize those rewards perks

I saved the best for last.

Interest rates. The other cost of having the card.

Rewards credit cards have a slightly higher interest rate. Listen to me very carefully, if you have poor spending habits & carry high balances, chances are that you will pay more in interest than what you would earn in rewards.

Go zero percent interest whenever you can and keep that balance low once the promo entrance period ends.

I hope this post makes your decision that much easier. Think I left something off? Lend a helping hand and share your tip below.

3 Simple Strategies to Kick off Your Journey to Financial Freedom

What comes to mind when you hear the phrase self-love?

Okay. What comes to mind when you hear the phrase financial freedom?

This past weekend I spoke to the beautiful audience at the Locs Revolution event in NYC about this important topic. As women, we are constantly under attack and bombarded by societal perceptions of perfection. Said perception even exists within the natural hair community.

Sidebar! Did you all know that some of your favorite fitness gurus are out there getting abdominal etching and lipo? I’m not going to name any names but take a look at Dr.Miami’s instagram account. But we aren’t going to dig into that right now (just be very aware).

The conversation I had with the audience was extremely timely, because while our self- perceptions are under siege so are our wallets. Products are furiously marketed towards us with a promise to fill a void caused by an inability to meet the societal perception of perfection. Waist trainer anyone?

During the presentation I focused on the relationship between self love and financial freedom. I highlighted three key details, that would allow attendees to begin creating financial freedom for themselves.

Check out the recap video below for the juicy parts of the presentation.

Now, the comments have been getting a little skimpy and I LOVE hearing from you. I want you to think about what self love and or financial freedom mean to you and share below, for the world to see.

4 Credit Lessons Your Parents Probably Didn’t Teach You

Love it or hate it, most of our money habits are learned from our parents. While some people are fortunate enough to learn money-saving lessons that steer them towards the path of financial stability, others aren’t so lucky. Regardless of your parent’s style of teaching, you’ve developed at least one money habit witnessing their relationship with money.

Try as they might, our parents can’t teach us everything about money and credit. There are a few tough lessons we have to learn on our own.

Find out what the 4 valuble credit lessons are HERE

The FREE 2015 Goal Setting Printable is HERE

I can’t believe 2014 is over! I hope you lived, learned, and prospered over the past year.

I want to thank you for your continued support over the year with a special gift. I created this 2015 Goal Setting Printable just for you. The goal of the printable is to help you decide what’s most important to you in 2015 and the create an actionable plan to make things happen.


Happy New Year, and enjoy your download. And as always, thank you for driving in #theFABLane with me.

Click the image below to access your download.


And remember: Everything begins with intention.

The First Ever My Fab Finance E-book Is HERE!

I am overflowing with emotion. No really, as I type this from my New Orleans Hotel lobby “Somewhere over the rainbow” is playing. Can it get any more perfect than that!?!

In March I determined that writing a book was my non-negotiable goal for the year. Today that dream becomes a reality.

Today, 6 months later, I present to you 7 Life Changing Money Tips: Learn How To Save Money, Get Out of Debt, & Create Finances As Fabulous As You.

(If you are already on our e-mail list you will receive an e-mail announcement shortly.)

As integrity is my personal mantra, I promise never to spam you.

Cheers, Love, and all that good stuff.

Created by nationally recognized millennial money expert Tonya Rapley, My Fab Finance is a leading financial education and lifestyle blog for millennials who want to become financially free and do more of what they love.

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