Paidtwice AND My New Choice tagged me in a meme.  What fun!  What excitement!  I got tagged!!

What’s the point?

I’m excited about this one though, because the question is a core personal finance question: If you can give one advice, tip, or story related to money, what would you share?

My advice: Spend less than you earn. This is the one piece of solid financial advice that will span the test of time. 

Now I’m going to tell a story about how my grandmother did this.  You see, back when my grandparents first got married, my grandpa was a teacher, and he only got paid once a month.  It required significantly skilled money management to provide enough money for groceries every week.  Here’s what Grandma did:

1. She took the check to the bank, deposited 10% into the savings account, and took the rest home in cash.
2. She put the same amount she left in savings into an envelope marked “church.”
3. She continued to do this until all of her bills and monthly needs were taken care of.
4. Money left over went for fun stuff or back into the savings account.

The really cool thing about this was that even though they were making minimal income, they were able to afford to purchase 1000 shares of a startup fast food company that they really liked.  This company is known today as McDonald’s… Grandma has a lot of money.