12/01/2022
6 Jars financial management system is striking in its simplicity and, at the same time, efficiency.
Immediately after receiving income, distribute all the money in 6 jugs or envelopes in a particular proportion 👇
🍯 1ST PITCHER - FOR A LIVING (55% OF YOUR INCOME) 🐝
👉 All your daily expenses to ensure a comfortable existence. These are food, clothing, shoes, travel, bill payments, household expenses.
🍯 2ND PITCHER - ENTERTAINMENT (10% OF INCOME) 🐝
👉 Put funds intended for pleasant leisure. Go to a restaurant, bar, cafe on weekends, cinema, theater, and other lovely things.
🍯 3RD PITCHER - SAVINGS (10%) 🐝
👉 This part is closely intertwined with the "pay yourself first" law of wealth accumulation. This money intends to create investments to generate passive income. Money will make money, and the more there is, the more significant the amount will be in the end.
🍯 4TH PITCHER - FOR LARGE PURCHASES (10%) 🐝
👉 Money intended for high-value purchases: TV, laptops, household appliances, etc. It will allow you to safely save money for the right thing without attracting credit money. And at the same time, you will understand the price of the item. As a result, you can significantly save on interest on the loan.
🍯 5TH PITCHER - GIFTS (10%) 🐝
👉 This category includes gifts and expenses related to the holidays: birthdays, weddings, funerals, etc. For example, if you are sitting with practically no money, there is still a whole week before your paycheck, and you were unexpectedly invited to a wedding.
🍯 6TH PITCHER - EDUCATION AND SELF-DEVELOPMENT (5%) 🐝
👉 Spending on education, both for you and your children: various courses, tutoring services, buying literature, and training courses. Payment of school fees. It also includes expenses for a healthy lifestyle.