The main reason why many people end up in debt is that they don’t have control over their money. With the right knowledge and habits, anyone can become a good money manager. The only problem is that nobody ever showed us how we should manage it. So now I’m here to tell you the way that is so simple, which is the 6 Jars Of Money.

The 6 Jars Of Money System

I found this technique from T. Harv Eker’s “Secrets of the Millionaire Mind” book which I recently finished reading. Actually, after reading this book I came to know how to manage money for Financial Freedom. This book discusses more of money jar system budgeting.

The idea of this 6 Jars Of Money System is to separate your income into 6 different accounts for specific purposes (instead of using different accounts you can use 6 physical container jars which you will label differently or you can simply download and use the 6JMM app).

Here is how you split your money

1. Necessity Account (NEC – 55%)

This jar is for all of your necessary expenses and bills including things like your rent, mortgage, car payment, food, clothing, insurance, taxes, etc. This account contains 55% of your money and only lives on that amount. If you need more than 55%, it is time you cut down on your spending.

2. Financial Freedom Account (FFA – 10%)

This jar is the ticket to your freedom. These funds should be allocated for investments and building your passive income streams. Every time you receive your money, put 10% of it into this account and never spend it, regardless of how much you make. Think stocks, mutual funds, real estate, and other long-term investments. You may decide to redirect your returns into other jars, but you should never spend your principal amount.

3. Long-term saving for spending Account (LTS – 10%)

The purpose of this jar is for future and larger expenses, which saves 10% of your income. Money from this account will go towards more luxury things such as vacations, a new car, a new house, and contingency fund, etc. You may have more than one LTS jar, then divide this 10% according to your priorities. Keep in mind, these items usually require more time to save, but a small monthly contribution can go a long way. This jar is also very important when your retirement time comes so do not bother, save now and spend later.

6JMM app works on the principle of 6 jars money
6JMM app works on the principle of 6 jars money

4. Education Account (EDU – 10%)

Money in here is meant to further personal education. You are the most valuable asset, so an investment in yourself is never expensive so always remember to spend 10% of your finance on this jar. You will keep moving forwards and never lose when investing in better knowledge and skills. If you stick to the system you’ll find you’re going to have more freedom and wealth.

5. Play Account (PLY – 10%)

Every month, PLAY money is spent on purchases you would not ordinarily make. The goal of this jar is to help you take care of yourself. You might go on a weekend vacation, have a massage, or buy a nice bottle of wine for dinner. Play may be whatever you want it to be. You and your spouse may both get their own play money, and you don’t even have to inquire what the other person does with it!

6. Give Account (GIV – 5%)

This final jar is for giving away. Many of us often forget the name of this account, however, it is relatively essential. You are better at managing your finance than give away your time and money to help others. Donate to support those in need, or just buy a present for your friends or parents on a special occasion. Giving encourages others to give, and you are making the world a better place.

6 Jars App: Habit Is What Matters

“I’m not earning enough money”: this is the way people tend to think. But in reality, all problems come from the fact that your money is not well managed. I’m not saying that you have to put a specific money amount into your accounts every day. I can’t tell you to put $1000 into your bank daily because if you earn $100,000/week, it may be possible, but what if you earn $1/week? Fortunately, regardless of how much you earn, this 6 Jars System is always effective. How? Merely by the amazing 6JMM app

The app automatically arranges expenses according to 6 jars of money
The app automatically arranges expenses according to 6 jars of money

You can manually build a 6 Jars Excel to keep up with your daily and monthly expenses, however, now you no longer have to take so much time and effort to do this. Why? Because there are 6 Jars Money Management App (6 JMM) available on laptop and mobile phone for you!

This incredible app not only provides users friendly looks, convenient utilities but also has an extra-convenient feature of exporting excel files, which other apps don’t have! has been organized logically so that everyone could understand, so no need to worry about that now!

Leave a Reply

Your email address will not be published.