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My One Money Advice (MOMA Meme)

By Pinyo • Aug 18th, 2007 • Category: Personal Finance

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?

  1. Pinyo said, “save 10% of your income and make it automatic
  2. Paidtwice said, “ignorance does not help you…knowledge is power, and with power you can institute change
  3. Being Frugal said, “practice contentment…realize that money and things aren’t going to make you happy
  4. Plonkee Money said, “know yourself
  5. Hin’s Tech Corner said, “not to compare yourself to others and think about money all the time
  6. Loonies And Sense said, “take control, and do it now
  7. Adventures In Debt said, “have patience
  8. Give Me Back My Five Bucks said, “when you think you can’t … you can
  9. Financial Dominance said, “understand that your situation is different from everybody else’s
  10. The Diary of a Reformed Spendaholic said, “teach your kids early
  11. Boomeyers’s Digging Out of Debt said, “to keep track of every penny you spend!!!
  12. PJmama’s Blog said, “quit making excuses and take responsibility
  13. Canadian Financial Stuff said, “never give up, you may have failed previously, you may feel you are failing right now…
  14. Life and Debt in Chicago said, “material spendings don’t make you content or happy
  15. Broken Arrow said, “saving is a mind game, first and foremost
  16. My New Choice said, “always pay at least the minimum due on time
  17. More Merchant.com said, “if you can’t pay cash for what you want you don’t deserve it
  18. Saving Explained said, “have micro-goals
  19. Saving for a Home of My Own said, “avoid restaurants!
  20. 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.
  21. Dimple’s Divine Domain said, “always have a plan” and “knowledge is like oxygen, you can’t survive without it
  22. FindingRoy.com said, “DIY
  23. Make Money with the Internet said, “it is not all about money when you want to be successful
  24. Cash Money Life said, “money is not a competition
  25. Smart Not Cheap said, “is it a want or is it a need?
  26. Grad Money Matters said, “never ever decide to do anything when you are not emotionally stable
  27. Financing Your Family said, “spend less than you earn
  28. DebtFREE-Revolution said, “get out of debt and STAY out of debt!
  29. Money Relations said, “just do it
  30. Clawing our way to financial health… said, “pay your debt first
  31. My Financial Blog said, “volunteer
  32. The Dough Roller said, “live below your means
  33. Consumerism Commentary said, “commit to spending less than you earn
  34. Gather Little By Little said, “money is not the problem, you are
  35. Brip Blap said, “resist consumerism
  36. Working For Financial Freedom said, “reevaluate your bills often
  37. The Digerati Life said, “make hay while the sun shines” and “don’t take anything for granted
  38. Patient Investing said, “form habits
  39. Dimes to Dollars said, “be careful who you take advice from
  40. Inquirer Blogs said, “enjoy your money! but use a plan and stick to it”
  41. Lazy Man and Money said, “save your pennies, while you strive to make more pennies
  42. Irregular Payments said, “more isn’t a goal; enough is…
  43. Money Musings said, “[Change in Mindset] + [Small Steps] = [Big Time Results]
  44. Moolah Matters said, “good financial management is not concerned with the amount written on your paycheck
  45. Clever Dude said, “if you can’t afford it, don’t buy it
  46. 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
  47. Dedicated to Financial Freedom said, “Balance
  48. A Penny Closer said, “be fully conscious of your spending
  49. Frugal For Life said, “Save for the rainy day! Be prepared for the unexpected and don’t think that it will last forever.
  50. This Is Me said, “learning patience
  51. Frugal Habits said, “save for your retirement now
  52. QATO said, “spend less than you make
  53. Growth in Value said, “pay yourself first
  54. Rather-Be-Shopping.com said, “Keep Your Money Green!
  55. Ramblings of a Redneck Woman said, “do NOT carry cash
  56. My Two Dollars said, “avoid going into debt just to have stuff

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22 Comments

  1. gravatar
    paidtwice, 18. August 2007, 17:30

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

    Thanks for the tag!

  2. gravatar
    Hin Man, 19. August 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.

  3. gravatar
    Hin Man, 19. August 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.

  4. gravatar
    Pinyo, 19. August 2007, 9:13

    Hin - that’s a great post. Thank you very much.

  5. gravatar
    boomeyers, 19. August 2007, 20:44

    Head over to the Savings Advice website and see how the MOMA’s took off! Great idea!

  6. gravatar
    Brian, 19. August 2007, 20:57

    Mine has been posted. Great series of answers coming out of this. I can’t wait to see the final result.

  7. gravatar
    nomorespending, 19. August 2007, 22:58

    Great Meme thanks for starting it and thanks to Krstal at Give me Back My Five Bucks for tagging me:)

  8. gravatar
    Pinyo, 20. August 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!

  9. gravatar
    stealthy, 20. August 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.

  10. gravatar
    Rosli, 21. August 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

  11. gravatar
    Patrick, 21. August 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.

  12. gravatar
    Pinyo, 21. August 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.

  13. gravatar
    Erin, 23. August 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

  14. gravatar
    Jon, 24. August 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. :)

  15. gravatar
    dimes, 25. August 2007, 13:09

    I did it, but forgot to link back to you. The URL is here.

  16. gravatar
    Rosli, 27. August 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.

  17. gravatar
    Pinyo, 27. August 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.

  18. gravatar
    Steve, 28. August 2007, 14:50

    Buy assets, don’t spend your money on liablities.

  19. gravatar
    Dawn, 17. October 2007, 10:56

    Here are the some of the posts from people I tagged - and I updated the post to link back, sorry.

    http://momma2aaron.blogspot.co.....oring.html
    And
    http://frugalchick.wordpress.c.....ey-advice/

  20. gravatar
    stacey, 17. October 2007, 12:41

    I did it after being tagged by Dawn at Frugal for Life. :-)

  21. gravatar
    Pinyo, 17. October 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.

  22. gravatar
    ronnie, 5. March 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.

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