Posts tagged ‘Shay Olivarria’

August 1, 2010

Why Your Credit Score Matters (Even If You Don’t Use Credit)

by Caramel World Traveler

credit-scoreI can’t tell you how many times I’ve heard people tell me that monitoring their credit score isn’t important. I’ve heard everything from, “I don’t use credit anyway” to “mine is already bad, so whatever”. Folks don’t realize that though we usually think of credit cards when we think of credit, our credit scores are used to dictate many areas of our lives.

Utility deposits – many utility companies will want to run your credit score in order to turn your services on. You may be asked to provide a deposit if your credit score isn’t up to snuff. We all need electricity, water, gas, etc. Keeping your credit score up lowers your total moving costs by not requiring deposits.

Jobs – employers have been known to run your credit and conduct a background search. More and more often that stack of papers in your application packet will include a request you pull your credit scores. Employers think that if you have a low score you might be tempted to steal or might be distracted from working. Having education and experience is great, but in this day and age it might not be enough to land a great job.

Loans – the interest rate that you will be offered on car loans, home loans, credit cards, etc. is based, in part, on your credit score. The higher the score the lower the interest rate. The lower the interest rate, the more money you save.

It’s important to monitor your 3 credit reports. Make sure that your reports are error free and that you’re taking proactive steps to keep your scores as high as possible. The only site that will offer you free access to your credit reports (not your scores) is Annual Credit Report. Don’t be fooled by sites that pretend to offer you a free credit report when they are really selling you a monthly credit monitoring service and providing the credit report to lure you in and get your credit card number. Read more about how to maintain stellar credit scores in Money Matters: The Get It Done in 1 Minute Workbook.

About the Author: Shay Olivarria is a professional speaker and the author of 10 Things College Students Need to Know About Money and Money Matters: The Get It Done in 1 Minute Workbook. She is currently writing a book on personal finance for foster and transitioning youth while teaching a personal finance class at Riverside Community College. For more information about Shay Oliarria and her work visit http://www.BiggerThanYourBlock.com.

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July 30, 2010

TVP Reaches the 100th Post Milestone

by M Stagg | The Voluptua Project™
100th posts

100 Posts...And Still going Strong!

Greetings TVP Fam!

Actually, this post is about 2-3 posts late but I’ve been so busy that I didn’t realize we reached this important milestone. A lot of blogs don’t even get out of the gate good, much less make it to there 100th post so this means a lot to me.

I can’t hog all the glory though. I couldn’t have made it without the TVP writing team so i want to issue a very heart-felt thank you to Nikki, Donya, ShayVonda, Flossie, Uhuru, Peggy and Raquyibah for all their hard work and dedication to this blog. I really couldn’t do it without all of you.

Another round of thanks goes out to our contest sponsors B & Lu (and Lana Leazer of Affluence PR & Marketing for the connection), Pure Energy and Kreative Soul Boutique. I love you guys for proving that curvy gals want and deserve to look their very best!

Most importantly, I thank all of you, the readers, for stopping by and commenting as well as for telling all your friends and family about the TVP experience…and please don’t stop! LOL 🙂

So…What’s next you ask?

TVP is going to begin featuring models and other fashion industry professionals weekly via our Model Boulevard posts. We will also begin our networking series for the curvy professional sometime in August. I’m now looking for sponsors for our men’s contest Suave Gents (Hint, Hint to all the men’s apparel and accessory crafters – TVP needs YOU! ) 🙂

I have another big announcement that is sure to get everyone up and on their feet (I hope! LOL) but you’re going to have to wait for that one. Until then, keep reading, keep sharing and keep it CURVY!

March 26, 2010

Choosing the Emergency Fund Account Type That’s Best for You

by Caramel World Traveler

[This is a Guest Post By Shay Olivarria and will be part of our monthly series entitled The Money Curve: Lessons in Financial Intelligence with Shay Olivarria]

Making sure that you and your family have enough access to cash is on everyone’s mind right now, as it should be. Each of us needs to contribute funds to an “emergency account” that will provide the cash we need when one of life’s many surprises arrives. Having an account earmarked for those surprises will save us from having to borrow from our families and friends as well as save us from visiting our local quick cash establishment. For those of you that have read Money Matters: The Get It Done in 1 Minute Workbook you know how I feel about those places.

This month we’re going to talk about which type of account is the best one to store your emergency cash in. Each situation is unique and there is no one-size-fits-all answer. There are 3 main types of accounts that should be considered to store your emergency cash.

Savings accounts are accounts that are opened at a credit union or bank. They typically offer the customer very low interest rates and are easily accessible. Funds can be withdrawn through the credit union or bank using a teller or ATM. You can take out as much money as you want whenever you want. Having that much access is one reason why many people don’t see their savings accounts grow. You have to have great willpower to stop yourself from using the emergency money for non-emergencies.

Break Piggy

Don't Starve the Piggy. Feed the Piggy.

Money Market accounts are accounts that are opened at a credit union or bank. They typically give a little bit higher interest rate and are a little bit less accessible. The goal of this type of account is not to make money so much as not to lose any money. Funds can be withdrawn through the credit union or bank using a teller, check, or ATM, however there is usually a limit on the amount of withdrawals you can take every month without a penalty. Having this restriction often helps to stop people from withdrawing money.

Certificates of Deposit (CDs) are accounts that are opened at a credit union or a bank. They typically have the highest interest rate of the 3 types of accounts mentioned, however they also have the most restrictions. These accounts “lock in” the money you contribute, and how long the funds must remain “locked” as well as the interest it will pay out. Taking the money out earlier than agreed will trigger penalties. Make sure you understand all the requirements and restrictions to your funds when using these accounts.

Tips

  • Choose an account that will provide easy and quick access to your money.
  • Make sure you know how to get your money out when you need it.
  • Understand what the interest rate is, how it’s calculated, and what, if any, penalties there are for taking your money out.

At the end of the day only you know which account will work best for you. Make sure to understand what your behaviors are and how much access you need to feel comfortable. Having an emergency account is, arguably, the single most important aspect of building wealth. If you have a financial cushion you’ll be more confident and able to make choices from a position of power instead of a position of helplessness and weakness. Manage your money well. Be well.

About Shay:

Shay Olivarria

Shay Olivarria

Shay Olivarria is a motivational speaker, financial literacy coach, former foster care youth and author of Money Matters: The Get It Done in 1 Minute Workbook. As an ambassador for financial freedom, Shay travels all over the country to educate people on responsible financial decisions. She has partnered with several community organizations including Independent Lens, San Diego State University’s African Student Union, Promise House of Dallas, Texas, Los Angeles Urban League, San Diego Urban League, and the Latino Student Business Association of the University of Southern California.  For more information on Shay go to www.ShayOlivarria.com.

February 15, 2010

Positively Plus Profile: Bigger Than Your Block!

by M Stagg | The Voluptua Project™

Shay_Headshot

Shay Olivarria of Bigger Than Your Block

Positively Plus features the men and women of the curvy community doing something to better the lives of others. Anyone is eligible for a feature. All that is required is a desire to uplift the community in which you live. Please provide the information below to be considered via the contact page:

Name | Business Name (if applicable) | Location (City/State/Province) | Contact # (Optional) | Primary Business Email Address | Your Background/Why You Started Your Business | Product/Service Offering (if applicable) | How are you/will you be of service to the community | A Brief Bio – Please Limit to 300 Words

This week, TVP is proud to feature Bigger Than Your Block!

Not everyone knows where to look for information to improve their finances. Fortunately, there are resources like Bigger Than Your Block, founded by Shay Olivarria in 2007, to help everyday people make sense of the power behind the dollar.

“I started BTYB because I wanted to help the working poor have access to personal finance. I wanted to make it fun, dynamic, and relevant for the average person.”

About Bigger Than Your Block

Bigger Than Your Block connects people with information to improve financial intelligence through:

  • Speaking Engagements
  • Personalized Coaching
  • Books on Financial Literacy
  • Video Tutorials

Her workshops are presented in a way that is simultaneously humorous and easily understood by her audiences. She’s helped both adults and youth gain a better perspective of their personal financial situations and instilled the importance of mastering their money.

About Shay Olivarria

Shay Olivarria is a speaker, financial literacy coach, former foster care youth and author of Money Matters: The Get It Done in 1 Minute Workbook. As an ambassador for financial freedom, Shay travels all over the country to educate people on responsible financial decisions.

BTYB_Logo

Click the Bigger Than Your Block Logo to Visit the Site!

Her financial workshops focus on a number of topics, including money management, credit scoring, credit reports, net worth, investment accounts, and retirement accounts. She has partnered with several community organizations including Independent Lens, San Diego State University’s African Student Union, Promise House of Dallas, Texas, Los Angeles Urban League, San Diego Urban League, and the Latino Student Business Association of the University of Southern California. Shay writes a “Money Matters” column for SquareRootz.net, and she is currently finishing her second book “7 Money Rules to Help You Lead a Happy Life”.

Shay earned her Bachelor of Arts degree (Anthropology major, Business Management minor) from California State University – Dominguez Hills. For more information on Shay and her organization, go to www.ShayOlivarria.com.

Check out these links to find out more about Shay and Bigger Than Your Block!

BTYB Blog

BTYB on Facebook

Contact Info for Shay/BTYB:

Phone: (323) 596-1843

Primary Business Email Address | Shay@BiggerThanYourBlock.com

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