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Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
Money management 101: The Jar System
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Money management 101: The Jar System

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This is the simplest money management system and it works.

This is the simplest money management system and it works.

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  • Here the first app can help you manage your money by JARS system, let take a try and give me feedback (if can) so I can improve it. Thank you so much.

    https://itunes.apple.com/us/app/6jars/id892331769?ls=1&mt=8
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  • 1. Money Management 101:The Jar System<br />http://Articles.SuccessEsource.com/wealth<br />1<br />
  • 2. The Jar System<br />This is the simplest money management system.<br />Find yourself 6 jars and label them as follows:<br />FFA<br />NEC<br />LTSS<br />EDU<br />PLAY<br />GIV<br />http://Articles.SuccessEsource.com/wealth<br />2<br />
  • 3. FFA Jar<br />Financial Freedom Account (FFA).<br />This jar if for your financial freedom. <br />Each month put 10% of your income in this jar. <br />Money you put in this jar can be used to invest, start a business, create a passive income streams etc.<br />http://Articles.SuccessEsource.com/wealth<br />3<br />
  • 4. NEC Jar<br />Necessities (NEC) jar.<br />Put 55% of your income in this jar for your necessities. <br />It's for things like paying bills, groceries, transportation, necessary clothing etc.<br />http://Articles.SuccessEsource.com/wealth<br />4<br />
  • 5. LTSS Jar<br />Long term saving for spending (LTSS) jar.<br />Put 10% in this jar. <br />It's for things like a plasma TV, your family vacation, contingency fund, your children's education etc. <br />You may have more than one LTSS jar. <br />If you have more than one LTSS, divide the 10% between the jars according to your priority.<br />http://Articles.SuccessEsource.com/wealth<br />5<br />
  • 6. EDU Jar<br />Education (EDU) jar. 1<br />10% that goes in this jar if for your own education. <br />It could be used to attend seminars, buy books, trainings to improve your skills etc. <br />Basically, it's for your continual education and learning.<br />http://Articles.SuccessEsource.com/wealth<br />6<br />
  • 7. Play Jar<br />Allocate 10% of your income for you to have fun guilt-free. <br />Use it to go to a fancy restaurant, buy that outfit you’ve been eyeing or a massage at a spa. Just do something fun. <br />Let your inner child play – do not underestimate the importance of playing.<br />http://Articles.SuccessEsource.com/wealth<br />7<br />
  • 8. GIV Jar<br />Giving (GIV) jar. <br />Allocate 5% of your income to give to charity. <br />If you want to allocate 10% for giving, take 5% off your NEC jar (this leaves 50% for your NEC jar).<br />http://Articles.SuccessEsource.com/wealth<br />8<br />
  • 9. Cultivate the Habit<br />Many people think, "But I don't have money. I'm barely getting by. How can I manage money if I don't have money." <br />If you're one of those people, that is exactly why you need to use this jar system. <br />If you have very little money, you can start by dividing $1 between the jar. <br />http://Articles.SuccessEsource.com/wealth<br />9<br />
  • 10. Cultivate the Habit<br />The amount you put in the jars doesn't matter. <br />It's the habit of managing money that's important. <br />So find yourself a few jars and start dividing whatever money that comes in into the jars. <br />You’ll be amazed by what you’ll have at the end of the year.<br />http://Articles.SuccessEsource.com/wealth<br />10<br />
  • 11. Good luck!<br />More information on building wealth at<br />http://Articles.SuccessEsource.com/wealth<br /> <br />http://Articles.SuccessEsource.com/wealth<br />11<br />

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