Money management is the core value of any business. If you don’t master this skill, you won’t be able to deliver your solutions, spread your message or create impact as well as gain financial independence. One amazing way of controlling cash flow that a successful businessman must know is the 6 Jars Method.
What People Would Like About The System?
Each one lives for specific purposes, however, the 6 Jars System covers all fields in life and logically divides them into 6 different jars including Necessities, Financial Freedom, Long-term Savings, Education, Play, and Give jars. It is extremely convenient for people to use and adjust this system as their preference. Whatever their interests are, the system is still useful and beloved due to the specific focus on their preferred field. For me, what I really like about this particular use of this percentage-based budgeting model that I don’t remember being specifically used in other similar budgeting methods that I’ve covered is that specific focus on education.
And, again, not only education in the traditional sense of ‘go to school and earn a degree,’ while that is one option, but also a concentration on self-guided education in the form of books, courses, mentors, and maybe even webinars.
Using education to develop particular abilities that may be applied in the marketplace is, in the end, how we all live. It is also an important stage in the creation of effective side hustles.
How To Apply 6 Jars System To Conquer Your Business?
If you operate your own business and are struggling to pay your payments each month, it’s time to make a change. Learn more about how you can use a similar idea to change your company’s finances and put Profit First.
Use 6 Jars Money Management App To Track Your Business
Not only personal cash flows can the 6 Jars App track but also other bigger money amounts used for your business!
This is the best budgeting app overall, which is appropriate for everyone. The 6JMM is investigated and built up by Alan Al Voice Lab. It bases on the 6 Jars Method by T.Have Eker, dividing your money into 6 different jars: Necessities, Financial Freedom, Long-term saving for spending, Education, Play and Give accounts.
The application will calculate your spending by day, week, month and extract the report to excel. Then it will suggest the ideal spending model for users to adjust.