Out and About: How to Take Control of Your Finances, featuring LearnVest & Marie Claire

Posted 2 years ago by

Just recently, Melissa Murphy of Office Style and I had the opportunity to attend “Women in Business,” the Marie Claire event showcasing Joanna Coles, Editor-in-Chief of Marie Claire and Alexa Von Tobel, Founder and CEO of LearnVest, in honor of Ruth Fertel, the founder of Ruth’s Chris Steak House. It was so great spending the evening celebrating the achievements of female leaders.

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The event started off with Joanna Coles, telling us a funny story about a salon mishap and eventually it was turned over to Alexa von Tobel, who stole the show!

While looking for ways to better manage her own finances, Alexa saw a need for reliable financial guidance for women. And so, she launched LearnVest in 2008. Today, the personal finance and lifestyle website has helped over one million women gain control of their finances!

What an accomplishment on Alexa’s part! If you’re a lady who’s found herself not truly understanding her finances, LearnVest is for you. Don’t hesitate to check it out. Remember, Broke & Chic is here to teach you how to be fashionable and fabulous on a budget; LearnVest teaches you how to take control of that budget!

On an entrepreneurial note, if you have a dream, turn it into a reality. Women have more of a voice than they give themselves credit for. If you have an idea, don’t hesitate to act on it. Who knows…you could even be the next Mark Zuckerberg or Jack Dorsey!

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Melissa (left)

  • Dress: $30 NY & Co.
  • Nude Pumps: $69 Nine West

Amanda-Raye (right)

What we learned:

Here’s a few things Melissa and I learned at this event that blew our minds. Needless to say, we both were eager to head home and organize our finances!

1. Only 40 years ago, women weren’t allowed to have a credit card in their own name.

2. Take control of your finances. Get organized and consolidate accounts. Treat your money like your social life!

3. Think about your life based on what you take home, not your salary. You might make 60,000/yr  but in reality, you only make 42,000/yr after taxes. Treat the later as your salary.

4. Your rent should only be 30%of your monthly income.

5. 20% of your income should go to essentials. Utilities, food, gas….

6. Your credit score is the only grade that matters when you’re out of school.

7.  According to Alexa Von Tobel, everyone should have an emergency fund of nine months of living expenses.

8. Should you buy or rent? It depends. If you don’t think you can live in a home for at least 16 years…don’t buy it.

9. All women should have their own bank accounts. Don’t let a man ever control your finances. Don’t rely on someone else to support you forever. Always have your own income. You never know. The only person you can really depend on to be there for you, is yourself!

10. Want a raise? Set up a meeting with your employer a month in advance to talk about your career. Be prepared to negotiate. According to Alexa, women have a hard time with this. Go for it ladies!

11. Don’t be to aggresive in your negotiation. Educate yourself on what others in your position all over the country are making.

12. 25% of the USA consists of single moms!

13. We make 6-10 money decisions everyday!

Helpful Articles from LearnVest

9 Ways to Raise Your Credit Score Immediately 

9 Secret Ways Stores Seduce Us Into Buying

4 Things To Do if You Don’t Get the Job

Is Your Spending Normal? 

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Alexa von Tobel and I after the event.

Here’s a question for you. Why do men negotiate their salary tooth and nail and women don’t? Let us know you personal thoughts in the comments below.

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Office Style: Henna, Curls and Classics

Posted 2 years ago by

The night before I had attended one of my favorite Mommy blogger networks, Mommys Links Glam Me event.  It was a really fun time with a great group of girls. There were women empowerment speakers, fun vendors, and swag.  At the party, I got my first henna tattoo and my hair curled. So when I got home, I put my hair in a loose bun, and secured it with a few bobby pins – a tip my regular stylist at BlowNY gave me.

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The next day my hair and henna looked fab. Don’t ever underestimate the power of a professional with a curling iron;those curls lasted for days. So getting ready for work the next day was pretty easy.  I think subconsciously the ornate orange design on my hand lead me to pick that bold orange pencil skirt that I paired with a simple white button down shirt.

You can never have too many crisp dry cleaned, fitted, collared shirts.  They are a classic item that will always come in handy, and never go out of style. I recommend investing in a few.

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Meet Natalie Yvonne Henry

Natalie is currently a social media moderator intern at SocialChorus. She got interested in fashion in high school and it just grew from there. Natalie blogs at fashionbystander.com, sharing the latest in fashion news with others; she hopes to expand it to showcase Caribbean fashion designers. She explains her style by saying,

“I dress how I feel. I love to look different, so I never focus on fitting into a particular genre or era of fashion. I just love to collect various pieces and make them my own. However, I love color! I prefer bright colors; the more than better!”

Her outfit today consists of a Forever 21 Chambray shirt, H&M floral print leggings,and a vintage bag and suede vest, which are both from a relative. The bow is a scrap piece of material that she had sitting around.

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  • Chambray Shirt: $22.90 Forever 21
  • Floral Leggings: $14.00 H&M
  • Vintage Bag: Gift from relative.
  • Vest: Gift from relative.
  • Bow: Homemade
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What do you think of Melissa and Natalie’s outfit choices in this week’s office style? Let us know in the comments below!

Want More Office Style?

Office Style: Spring Edition

Office Style: Make a Statement

Office Style: Black is Back

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