dylan_lim

The 6 Money Jars
by T. Harv Eker

Financial Freedom Account (FFA – 10%)

This is your financial freedom jar where the money is not spent, but used for saving and investment to generate more income.

Long Term Saving for Spending (LTSS – 10%)

The purpose of this jar is to prevent impulsive buying and to encourage one to save for an expensive item like going for a holiday or buying an flat-screen LCD TV.

Necessities Account (NEC – 55%)

This jar for all your daily expenses. If it exceeds 55% you have to simplify your lifestyle or alternatively, find ways to earn more money.

Education (EDUC – 10%)

You must keep investing in your own education as anything that is not growing is dying.

Give Account (Give – 5%)

Contributing to others in one of the fulfilling goals in life, and one of the impetuses of earning more is so that you can give more.

Play Account (Play – 10%)

At the end of the day, don’t forget to reward yourself. By celebrating your success each month, will boost your spirit and confidence to achieve more.

“When you can manage what you have, you will get more"

***************************************************************************************************************************************************************************************************************
I dare not say I am an expert in Personal Finance, and that, this journal should not be treated as my advice in personal financial planning, you should seek your own Financial Planner, which hold approved licenses.

Furthermore, setting up this Journal for personal use only, because i need to remind myself what should i do for my financial planning.
***************************************************************************************************************************************************************************************************************