Money Management: Moolanomy

by Jason Unger

In our second interview in the Money Management by Personal Finance Bloggers this week, we’re talking to Pinyo, owner of Moolanomy.

(Other interviews: No Debt Plan, ToughMoneyLove and Gen X Finance.)

How do you spend: cash, debit or credit?
I use cash, EFT, and credit. But for the most part, everything goes on credit cards. I like to use credit cards as much as I could to take advantage of cash back reward. I don’t have a debit card and never use one before.

Do you bank online? How about use a financial aggregator (Mint, Wesabe, Yodlee, etc.)?
Yes, I do bank online. Most of my transactions are through my brokerage firm or through Citibank. The only time I go to a branch is to deposit or withdraw money from the ATM.

I’ve tried a few online financial tools like Mint and Quicken Online, but do not use them seriously since my finances is mostly automated.

What recurring bills do you have set on autopay?
All my recurring bills are on autopay except for my 2 credit cards, water bill, and property tax. Credit cards are monthly and the other two are quarterly.

How are your finances automated?
Before I see any money, part of it goes to 401k, part of it goes to extra tax withholding, and another part of it goes to my mortgage company. What left is deposited to my brokerage account where bills are paid automatically and another part goes into NYS 529 Plan.

The only thing I wish I could automate is IRA contribution. I haven’t figure out how to do that for free yet.

Do you write checks? If so, how often?
I write check about once a month. Usually to pay doctors who do not accept credit cards, or to donate money to charity.

Where do you stash your short-term savings?
Short-term savings go into online savings account at Citibank.

Want to find out more about Pinyo? Check him out at, follow him on Twitter @Moolanomy and subscribe to his RSS feed.

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