My One Money Advice (MOMA Meme)

By Pinyo, on August 18, 2007

This meme was featured in MSN Money Smart Spending — thank you Donna & Karen.

I came across a post by Chris Garrett where he asked Can Bloggers Make a Difference? and encouraged Bloggers to write about environmental issue on October 15, 2007, aka Blog Action Day. Our M-Network members will be participating to support this worthy cause. I invite you to do the same. Even if you do not have a blog, tell your friends about Blog Action Day and October 15th.

Inspired by this, I am starting a meme, called MOMA MEME. My hope is to help promote financial responsibility and awareness in our hyper consumption society.

The question: If you can give one advice, tip, or story related to money, what would you share?

“Save 10% of your income and make it automatic”

Previously, I shared with you how I put my savings on autopilot. I think this simple act can have a huge impact.

Saving 10% of your pay can help secure your financial future
Less money to spend means less consumption and less impact on the environment
Less reliance on our stressed social security and social welfare system
Less stress about money means happier and healthier life
Have you look at our U.S. National Debt lately?

I would like to know what my friends Plonkee, Glblguy, Brian, PaidTwice, and Hin have to say about their one money advice. If you are not tagged, please feel free to join and tag your friends.

Lastly, I am building a list of everyone that participates in the meme. Let me know about you post by linking to this page, send a trackback, or leave a comment. Thank you.

What everyone is saying?

Pinyo said, “save 10% of your income and make it automatic“
Paidtwice said, “ignorance does not help you…knowledge is power, and with power you can institute change“
Being Frugal said, “practice contentment…realize that money and things aren’t going to make you happy“
Plonkee Money said, “know yourself“
Hin’s Tech Corner said, “not to compare yourself to others and think about money all the time“
Loonies And Sense said, “take control, and do it now“
Adventures In Debt said, “have patience“
Give Me Back My Five Bucks said, “when you think you can’t … you can“
Financial Dominance said, “understand that your situation is different from everybody else’s“
The Diary of a Reformed Spendaholic said, “teach your kids early“
Boomeyers’s Digging Out of Debt said, “to keep track of every penny you spend!!!“
PJmama’s Blog said, “quit making excuses and take responsibility“
Canadian Financial Stuff said, “never give up, you may have failed previously, you may feel you are failing right now…“
Life and Debt in Chicago said, “material spendings don’t make you content or happy“
Broken Arrow said, “saving is a mind game, first and foremost“
My New Choice said, “always pay at least the minimum due on time“
More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it“
Saving Explained said, “have micro-goals“
Saving for a Home of My Own said, “avoid restaurants!“
Stealth Wealth said, “Tithe and be a good steward of your money. Don’t be stingy, but don’t give too freely because you will be taken advantage of eventually if you do.” and “Don’t live outside of your means. As your wealth grows so will your means.“
Dimple’s Divine Domain said, “always have a plan” and “knowledge is like oxygen, you can’t survive without it“
FindingRoy.com said, “DIY“
Make Money with the Internet said, “it is not all about money when you want to be successful“
Cash Money Life said, “money is not a competition“
Smart Not Cheap said, “is it a want or is it a need?“
Grad Money Matters said, “never ever decide to do anything when you are not emotionally stable“
Financing Your Family said, “spend less than you earn“
Money Relations said, “just do it“
Clawing our way to financial health… said, “pay your debt first“
My Financial Blog said, “volunteer“
The Dough Roller said, “live below your means“
Consumerism Commentary said, “commit to spending less than you earn“
Gather Little By Little said, “money is not the problem, you are“
Brip Blap said, “resist consumerism“
Working For Financial Freedom said, “reevaluate your bills often“
The Digerati Life said, “make hay while the sun shines” and “don’t take anything for granted“
Patient Investing said, “form habits“
Dimes to Dollars said, “be careful who you take advice from“
Inquirer Blogs said, “enjoy your money! but use a plan and stick to it”
Lazy Man and Money said, “save your pennies, while you strive to make more pennies“
Irregular Payments said, “more isn’t a goal; enough is…“
Money Musings said, “[Change in Mindset] + [Small Steps] = [Big Time Results]“
Moolah Matters said, “good financial management is not concerned with the amount written on your paycheck“
Clever Dude said, “if you can’t afford it, don’t buy it“
Two Years Tops said, “If you absolutely have to spend borrowed money — and avoid doing so if you can help it — make sure your purchase acquires value over time. Don’t spend borrowed money on something that will depreciate (or disappear) tomorrow“
Dedicated to Financial Freedom said, “Balance“
A Penny Closer said, “be fully conscious of your spending“
Frugal Habits said, “save for your retirement now“
QATO said, “spend less than you make“
Growth in Value said, “pay yourself first“
Rather-Be-Shopping.com said, “Keep Your Money Green!“
Ramblings of a Redneck Woman said, “do NOT carry cash“
My Two Dollars said, “avoid going into debt just to have stuff“

Advertisements: Zopa – If you’re left unpaid it’s time to get a secured loan.

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Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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22 Comments

paidtwice
August 18, 2007, 17:30

I did it and passed it on! (well I am passing it on as we speak lol)

Thanks for the tag!
Hin Man
August 19, 2007, 3:37

I finally find your post. I will blog about this as soon as I find the time. I like the post a lot and I will prepare a post to join hopefully by Monday night. Thank you so much.
Hin Man
August 19, 2007, 8:21

I have done my piece in Don’t think about money all the time

Please help me about my link in your post.
Pinyo
August 19, 2007, 9:13

Hin – that’s a great post. Thank you very much.
boomeyers
August 19, 2007, 20:44

Head over to the Savings Advice website and see how the MOMA’s took off! Great idea!
Brian
August 19, 2007, 20:57

Mine has been posted. Great series of answers coming out of this. I can’t wait to see the final result.
nomorespending
August 19, 2007, 22:58

Great Meme thanks for starting it and thanks to Krstal at Give me Back My Five Bucks for tagging me:)
Pinyo
August 20, 2007, 4:18

Bookmeyers – thank you for participating and letting me know about Saving Advice, I almost missed that! I have to look there more carefully.

Brian – thank you. I can’t wait either. I love to see the list grow.

Nomoresponding – thank you for participating and for the encouragement!
stealthy
August 20, 2007, 17:44

Great post! I’ve enjoyed reading everyone’s “one piece of advice” It helps to remind ourselves about something we may have forgotten or never even thought of.
Rosli
August 21, 2007, 0:54

Hi, I did that. I was tagged by Hin Man and here is my post on the topic. http://www.roslihanip.com/self.....ney-advice
Patrick
August 21, 2007, 4:20

Talk about quick service! I posted my response, and less than 5 minutes later, I have a ping-back from your site.

Thanks for including my response. I think these are all great pieces of financial advice.
Pinyo
August 21, 2007, 4:31

Stealthy, Rosli, and Patrick – welcome to Moolanomy and thank you for your help with the meme.

Quick service was just your good luck, I just woke up and came to check my emails

Yes, I love all the advices so far. This is turning out to be an awesome list.
Erin
August 23, 2007, 7:00

These are all great tips. No more Spending tagged me and here’s what I posted Making a Phone Call or Two Could Save You Money
Jon
August 24, 2007, 8:42

Hey, I wrote a post on this but I have no idea how to do a trackback! You can check it out here. It was nice to participate in my first tagging even if I got the mechanics a bit wrong.
dimes
August 25, 2007, 13:09

I did it, but forgot to link back to you. The URL is here.
Rosli
August 27, 2007, 1:08

Wow..a lot of ideas and sharing on this topic. Certainly looking forward to read more from others too. Great job, Pinyo…cheers.
Pinyo
August 27, 2007, 9:55

Erin, Jon and Dimes – I think I’ve got you all linked up. Thank you for helping out with the meme.

Rosli – it has been really nice reading all the MOMA posts. Very interesting.
Steve
August 28, 2007, 14:50

Buy assets, don’t spend your money on liablities.
stacey
October 17, 2007, 12:41

I did it after being tagged by Dawn at Frugal for Life.
Pinyo
October 17, 2007, 16:57

@Steve – thank you for sharing that tip with us.

@Dawn and Stacey – welcome to Moolanomy. I’ve added you gals to the list.
ronnie
March 5, 2008, 10:56

Here’s mine: Life’s too short to drink bad beer.

A short way of saying, enjoy the good things in life because quality matters, something we frugal often forget. You can save money on food with Kraft boxes of mac and cheese, but what’s the point? Go good, just go a little less. One good bottle of Guiness is worth a case of Budweiser.
Harry Swift
November 17, 2009, 3:37

Always a part of quality. Because it maintain standard of life.

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