One of the key factor that influences your healthy and wealthy life you long-term is your finance. It would obviously be necessary for anyone to realize its importance and practice good financial managing skills. The best way to assist you to achieve this goal is the 6 Money Jar Method by T.Harv Eker.  

Money Management: 6 Money Jar Method

Basically, you’ll have to split your earnings into six different jars with different percentages like below:

1. Necessity Account (NEC – 55%)

This account is for managing your everyday expenses and bills. This would include things like your rent, mortgage, utilities, bills, taxes, food, clothes, etc. Basically, it includes anything that you need to live, the necessities.

2. Financial Freedom Account (FFA – 10%):

This is your golden goose. This jar is your ticket to financial freedom. The money that you put into this jar is used for investments and building your passive income streams. You never spend this money. The only time you would spend this money is once you become financially free. Even then you would only spend the returns on your investment. Never spend the principal.

3. Financial Freedom Account (FFA – 10%):

This is your golden goose. This jar is your ticket to financial freedom. The money that you put into this jar is used for investments and building your passive income streams. You never spend this money. The only time you would spend this money is once you become financially free. Even then you would only spend the returns on your investment. Never spend the principal.

4. Education Account (EDU – 10%):

Money in this jar is meant to further your education and personal growth. An investment in yourself is a great way to use your money. You are your most valuable asset. Never forget this. Education money can be used to purchase books, CDs, courses, or anything else that has educational value.

5. Play Account (PLY – 10%):

PLAY money is spent every month on purchases you wouldn’t normally make. The purpose of this jar is to nurture yourself. You could purchase an expensive bottle of wine at dinner, get a massage or go on a
weekend getaway. Play can be anything your heart desires. You and a spouse can each receive your own play money, and not even ask what the other person spends it on!

6. Give Account (GIV – 5%):

Money in this jar is for giving away. Use the money for family and friends on birthdays, special occasions, and holidays. You can also give away your time as opposed to giving away money. You could house sit
for a neighbor, take a friend’s dog for a walk or volunteer in your community or for your favorite charity.

Hard to spend money with actual 6 Jars?

Yet talk about financial transactions, there are plenty of ways to pay money, by cash and even credit card and Paypal. As a result, you may be overwhelmed with so many payables and expenses that you can’t keep track of all in one day. I’ve been through that! Fortunately, after a couple of months of experiments, I’ve found the best way to solve this problem: The 6 Money Jar Method together with the 6 Jars Excel.

Steps To Execute 6 Money Jar Method

It’s actually not too difficult to build up your own 6 Jars Excel system. If you build it manually, it would take you 4 steps to do, it may be complicated, however, the solution for all these problems is the 6 Jars Money Management App (6JMM). Download it today and get the precious experience!

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