34 Money Tips from Top Personal Finance Bloggers

Over the past month or so I’ve come across many great personal finance bloggers. Some of them I’ve managed to befriend and others I am constantly trying to get to know better. In an effort to accomplish two goals at once, (1) of getting to know each blogger better and (2) providing useful information to anyone who reads Pelican on Money, I thought it would be best to ask some very important questions:

  1. What is the best money advice you ever got?
  2. If there was only one money tip you could give, what would it be?

Some of the answers were a bit surprising, showing strong signs of family influence vs. personal experience. Well… I won’t spoil the fun, so take a look for yourself what some prominent personal finance bloggers have to say about money:

Q: What is the best money advice you ever got?

Jen from Master the Art of Saving  +Twitter  Facebook  Google+

Know where you money is going.


Lauren from L Bee and the Money Tree  Twitter  Facebook

The best money advice I ever got was from my Mom: She said, “Never let a man pay your bills. It gives him control”. It was ingrained in me, and I think it’s kept me from making some of the financial mistakes other girls have made. Don’t get me wrong: I’ve made plenty of financial mistakes that were hard to clean up. I can’t imagine having to deal with that and a bad romance on top of it.

Michelle from See Debt Run  +Twitter  Facebook

My grandma told me a long time ago to always decide how much money you were going to spend before going somewhere.  Grab that money in cash.  Then be strong.  Once that money is gone, you’re done!  Go home!

Jessica from Mo’ Money Mo’ Houses  +Twitter   Facebook

When I was in middle school my teacher taught us all about credit. It was a bit odd seeing as he was our French teacher, but I have a hunch he had a rack of credit card debt and wanted to prevent his students from making the same mistakes he made. Anyway, he told us to only buy something with a credit card if we had the cash to pay it off right away. Ever since then I’ve been conditioned to my credit cards off way because I even get my monthly statements.

Lance from Money Life and More  +Twitter  Facebook

I never really got any direct form of financial advice as I started reading personal finance blogs in either late high school or early college. The best financial advice I ever read was to start saving for retirement with your first job and I did so with my first post college job! It’s definitely paying off.

Edward from Edward Antrobus  +Twitter  Facebook  Google+

The best money tip I ever received was fairly specific, but it was my then-boss convincing me that I probably wouldn’t find a better opportunity than after the crash in 2008 to start my retirement fund.

Cat from Budget Blonde  +Twitter  Facebook

Save before you buy. It sounds so simple and so easy, but it’s one of the hardest things to do!


Michelle from Making Sense of Cents   Twitter

Always try and be your best, and don’t sell yourself short. If you believe you are worth more, strive for that!


Carrie from Careful Cents  +Twitter  Facebook

The best money advice I ever got was from my dad. He always has two money clips in each of his pants’ pockets. One is for spending (for the family/himself) and the other is for giving. While saving money and earning more is great, the best thing you can do with your money is give it to someone who needs it more. There’s always plenty of time to make more money, but you make the best impact when you share and give of yourself and your money to others.

Daisy from Add Vodka  +Twitter  Facebook

My mom always says “you can’t take it with you’. While it’s important to save and build wealth to achieve goals and live a comfortable, satisfying life, it’s equally as important to enjoy your money.

Sean from One Smart Dollar  +Twitter  +Facebook

The best money advise I ever received was non-verbal. Watching my parents do things the right way was all I needed. I saw the way they planned out everything. I had a really nice childhood, but I didn’t always get everything I wanted. Sometimes planning for our family to go on a nice vacation came before me getting to buy that new video game or anything else I might have wanted.

Holly and Greg from Club Thrifty  +Twitter  +Facebook

Live within your means.


Dominique from Your Finances Simplified  +Twitter  Facebook  YouTube

The best money advice I ever got is the same as my money tip: live on 50% of your net income, save 30% and party with 20%.

The PoPs from Planting Our Pennies  Twitter  Facebook

My high school economics teacher drilled into us the wisdom of the “great Indian chief” – Chief TANSTAFL. There ain’t no such thing as a free lunch. Everything has a cost – know what it is or you’re the sucker in the room.

SB from One Cent At a Time  Twitter  Facebook

My first advice from my dad was still the best one I consider. That simple statement made the world of difference for me. One day while doing his gardening, he showed me seeds and said, “We can eat the seeds but, then the plant will not grow and we will not get the fruits.” On the same day he showed me a bill and said “like seed in the morning, this money will also not grow if I spend it now, this can only grow if I make it work, then we will have more money to spend.”

My Money Design from My Money Design   Twitter  Facebook

When I was a little boy, I used to collect baseball cards.  Not only did I do it for fun, I realized as I’d go to the trade shows that the cards were worth money.  So over time, I started to read the price guides and become aware of what the price was for these cards.  Well, one time I thought I hit gold!  A store had a few factory complete sets on clearance for $10.  Being only about 11 years old and short on cash, I bought 3 of them and figured I could easily sell 1 or 2 of them for $30 each like the price guide said.  I’d be rich!  Unfortunately, when I tried to peddle them around at the next baseball card show I attended, I was only offered about $8 to $12 for each.  ”This is ridiculous” I thought, “If the price guide says $30, why are they only offering so little?”  That’s when my Dad told me something I’ve never forgotten: “It doesn’t matter what the price guide says.  Those cards are only worth what someone is willing to pay you.”  - Since then, I have found out throughout my life that those words hold true to a lot more things than just baseball cards.

CF and Brian from The Outlier Model  Twitter  Google+

The best money advice I ever got was from a former manager and mentor. She suggested I start an RRSP and said, “It’s pretty easy to set up and they just take $50 a month from my account.  I don’t even have to think about it.” She was the most successful person I knew at the time – she had a condo, a cat and a dog, and she even rode horse riding competitions on the weekends.  I wanted to be like her!  So I started thinking about my own finances and what it would take to save $50 a month.  From there, everything just fell together.

Kim @ Eyes on the Dollar   Twitter   Facebook

My mom always told me to get an education first and always be able to support yourself no matter what.

Q: If there was only one money tip you could give, what would it be?

Jen from Master the Art of Saving  Twitter  Facebook  Google+

It all adds up! Even if you can only start out saving small amounts (or paying off small amounts), it will eventually add up over time, as will your momentum.

Sean from One Smart Dollar  Twitter  Facebook

My biggest money tip is no matter what you do make a plan. If you are saving for something have your contributions planned out so you know when you should be reaching this goal. By planning things out in advance you are able to hold yourself accountable if you get off track.

Lauren from L Bee and the Money Tree  Twitter  Facebook

If I could give only one money tip it would be to wait until your junior year of college to get a credit card. Kids rush out as freshmen and get one and they’re not nearly as focused or responsible at 18 as they are at 21. That two years makes a BIG difference, and credit cards are just too tempting for most undergrads who have never had to manage money before.

Michelle from See Debt Run  Twitter  Facebook

I think about my kids with this question. If there were only one money tip I could give them, it would be to always pay yourself first. This is one that took me years to learn, but I’m hoping they will catch on quicker! By paying yourself first, I mean that you don’t buy things you want before you have enough money to do so, and only as long as you have an adequate savings first.

Jessica from Mo’ Money Mo’ Houses  Twitter   Facebook

Live within your means. I know it’s not really original, but I really do think it’s easier said than done and is the main reason why so many people are drowning in debt these days.


Lance from Money Life and More  Twitter  Facebook

If I could only give one tip it would be spend significantly less than you earn and invest/save the rest. The earlier you do it the sooner you will be financially independent.

Edward from Edward Antrobus  Twitter  Facebook  Google+

My best money tip would be to ask yourself one simple question before buying anything: do I actually need this? I could have saved myself tens of thousands of dollars by learning that question earlier.

Cat from Budget Blonde  Twitter  Facebook

Tell yourself “no” as often as possible when you are considering buying something. Most of our impulse buys only contribute to financial struggles.

Michelle from Making Sense of Cents  Twitter

Always spend less than what you make. Don’t put something on a credit card unless you are positive that you will be able to pay it off before interest accrues. Credit cards can work to your advantage with short-term increased cash flow, but if you can’t pay it back, then it can be deadly.

Carrie @ Careful Cents  Twitter  Facebook

My one money tip is educate yourself. Never do something just because a financial expert tells you to, or because your accountant says you need to. Question everything – even notices from the IRS have been wrong and were corrected after I questioned them. Do your best to read blogs, books and other finance resources to educate yourself, because you are the only one who truly has your best interest at heart.

Daisy @ Add Vodka  Twitter  Facebook

Start saving young. The younger the better!


Holly and Greg @ Club Thrifty  Twitter  Facebook

Spend less than you earn.


Dominique @ Your Finances Simplified  Twitter  Facebook  YouTube

Live on 50% of your net income, save 30% and party with 20%.


The PoPs @ Planting Our Pennies  Twitter  Facebook

Spend less than you earn.  A lot less if possible.


SB @ One Cent At a Time  Twitter  Facebook

The best money tips is, “live below your means”. This is the one point solution for all financial worries. If you start following this one advice you may not need to read anything else.

My Money Design @ My Money Design   Twitter  Facebook

The best money tip I could ever give is something I’ve been saying for a number of years now: “No one cares about your money the way you do!”  Sure you can hire people to manage your money or seek advice from people you trust.  But at the end of the day, it’s YOUR money,  and you are ultimately responsible for what happens to it.  That’s why I think financial education is one of the best things you can do for yourself.  We all need to stop sticking our heads in the sand and start taking charge of our own finances.

CF and Brian @ The Outlier Model  Twitter  Google+

Don’t be afraid of change. Doing things like going back to school for a better career, changing jobs for more income, or moving to a cheaper apartment in a new part of town will always make you more money than making your own soap or reusing yogurt containers.

David @ Young Adult Money   Twitter   Facebook

Make goals and have a plan. Knowing what you are sacrificing/saving for will motivate you to stick with your plan and make it much more likely to reach your money – or what I like to call life – goals.

Kim @ Eyes on the Dollar   Twitter   Facebook

Find something you love or don’t mind doing that you can earn a living at then get the training or education to make it happen.

Did you get any great advice about money? Perhaps you have some of your own wisdom to pass on? Please share it with us:


    • Lauren, I like your mom’s advise :) “Never let a man pay your bills. It gives him control”. It never crossed my mind to let a man handle all the money in the family, not that I have such a man in life yet, but why keep it all behind closed doors instead of discussing it out in the open and managing finances together, right? Today, women work, have very successful careers, and take many leadership roles outside of the house as well, so it only makes sense to learn how to manage money and plan for the future.

  1. Great tips. The best advice I got was from my Stepdad who said to know what you’re money is doing and pay yourself first. I’d add on top of that to live within your means and don’t try to keep up with the Joneses.

    • John thanks for your tips. “Pay yourself first” advice has been echoing from many personal finance bloggers and for the right reasons – this piece of advice rocks! As for not keeping up with the Joneses, I completely agree, just sad to see people doing this all the time still.

    • Sean, thanks for your advice. I particularly agree with the need to plan for things. This has been helpful in just about everything – not just financial sense. We often say we’re going to do something but don’t plan for it. Later on it’s so easy to make an excuse and say “I should have done that,” but didn’t do it. Well, that’s because I had no plan to stick to!

      You linked your logo to me, would you like me to replace it with your photo?

    • Jen, thanks for your advice to save and pay down no matter how little. I’m still working on the savings part but my student loans are getting lower and lower thanks to making bigger and biggers payments as my motivation to pay off that debt entirely grows. I know in the past I’ve mentioned that my payments are auto scheduled, but once in a while I go in there and tweak the payment higher and don’t think about it for a while until I repeat this process again :)

    • Thanks! You have no idea how many times I previewed this post and scrolled up and down to look at everyone’s picture “one last time” hehe.

  2. All mega advice. It’s just really hard to commit to some of them. I have definitely been a lot better with my money over the past few years and even better over the past few months. I am no where near being debt free and living a smoother life though. Damn college.

    • Ryan, I think it was Jen that said to pay down no matter how little it is and soon you’ll have nothing left to pay. I know what you mean about college loans, I’m still paying mine. Just focus on getting a great career and the rest will take care of itself, as long as you don’t forget to continue paying it off ever so faster :)

    • The whole time I was talking to people back and forth I was waiting for some secret tip that would blow my mind. It turns out some of the best advice is often the simplest (gets right down to the basics), save, plan, live within your means. I found it interesting that many bloggers get the best advice from parents and not higher education or something. Family = matters.

  3. Great ideas. My mom always told me to get an education first and always be able to support yourself no matter what. So my advice would be find something you love or don’t mind doing that you can earn a living at then get the training or education to make it happen.

    • Thanks for your 2 cents and your mom’s wisdom Kim, I’ll be sure to include your answers in the next revision of this post.

    • Lance, your wisdom of saving early and more echoes through the pages of just about every PF blog. Because it’s quite true and very important.

    • Thanks! I hope anyone that runs into this page takes something out of it. If you’d like to add your own, feel free to include them in the comments and I’ll revise the post later on to include your answers.

    • I couldn’t agree more with you, we have a really great community of personal finance bloggers here. I’m just surprised everyone was so eager to cooperate. I highly doubt had it been another niche that people would go along with my questions so quickly!

  4. Best advice I got was make enough money where taxes are your biggest expense. When you’re getting there its not how much you make but how much you keep. Get a good accountant who will find you more deductions than his fee. You can budget all day but if taxes are your biggest expense you have to plan for it.

    • Thanks for your advice Charles. I remember the days taxes was my biggest expense, but all that has come to an end and now I’m having to restart. It was a wonderful time though!

  5. Great post Veronica! I really enjoyed reading advice from many of my favourite bloggers!

    This is an obvious tip and nothing new but:
    TRACK your expenses. It’s such an eye opener seeing which areas your money goes to and where you can trim the fat. I track how much is coming in, how much I’m saving each month, my net worth and what % of my income is being saved. I’m a visual person, I enjoy seeing the numbers grow each month. I even went as far to graph the info. Seeing that line steadily up is great motivation for me to keep on increasing my savings! :)

    • That’s a good tip, motivate yourself by stimulation through visuals! How about any advice you’ve been given by someone else?

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  13. Good Job..! There are many of the bloggers in the list to whom I read for getting help in some of my financial matters. They use to share many helpful guides. If any one wants to get any kind of financial help then he/she must follow these bloggers.

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