6 jars that will help you never go broke

These 6 magic jars will help you "take the first step" into the world of people who always have money.

Many people are always worried and have difficulty in accumulating finances for the future. Some people complain that they also earn a lot of money and also want to save money for their children's education as well as for themselves in the future, but their savings plans always fail. Even spending without a plan makes them sometimes empty-pocketed.

Learn to manage from the smallest coins.

So how do you always have money? The advice of experts is that you learn how to manage from the smallest coins, when you know how to manage it, you will have a lot of money. To have a large amount of money, you must have the habit and skill of managing small amounts of money. Your money management habits are more important than the amount of money you have. Because one of the secrets to getting rich of tycoons and billionaires is that they know how to manage their finances well.

And the 6 jar method below will help you "take the first step" into the world of people who always have money.

These 6 jars will save you a lot of money.

The method of managing money with only 6 jars is a famous formula around the world for hundreds of years that successful people have applied. They also passed on this special method to educate the millionaire mindset to the next generation.

This 6 Jars Thinking Method (JARS system) was created by Harv Eker, the author of the best-selling works worldwide such as "Secrets of the Millionaire Mind" and "Get Rich Quick". He is the founder of Peak Potential Training, the world's fastest growing and strongest training and research company with many courses on thinking to get rich.

According to Harv Eker, anyone can use the 6 jar method to manage money, even if you think you don't have much money to manage. The important thing is that you need to develop it into a habit. Even with 100 thousand VND, you can still start this method.

The 6 Jars Method involves dividing your monthly income into 6 different jars. Each jar has a name and a specific function. Whenever you receive money (salary, bonus, sales profit, or any other source of income), divide it into the 6 jars. This should be a daily habit.

Each jar or account has its own purpose. If you consider your total monthly income to be 100%, each jar will take up a certain amount.

Each jar or account has its own purpose. If you consider your total monthly income to be 100%, each jar will take up a certain amount.

Jar 1: Necessary spending account 55%

This is the jar that serves the daily essential needs of you and your family, such as food, gas, phone, tuition, etc. Therefore, this is the jar that accounts for the highest percentage. The purpose of this account is to help you know your spending limit, thereby changing your lifestyle accordingly.

Jar 2: Long-term savings account 10%

This is the savings for future spending. The money in this jar will be for your long-term, bigger goals such as buying a car, buying a house, traveling abroad or having a baby... If you have many long-term goals, divide this 10% number according to your priority order, calculate how long it will take you to achieve that goal and try to do it. The purpose of this account is to help you clearly see your target goal, and gradually save money for that.

Jar 3: Education account 5%

This is the fund you use for your education and your children's education, for example, I use it to buy books for my children and myself; or to take some courses such as: learning foreign languages, learning to dance, learning to bake... The effect of this account is to force you to continuously invest in yourself, because the more you invest in knowledge, the more profit you will make, never afraid of losing.

Jar 4: Financial freedom account 10%

To have a large amount of money you must have the habit and skill of managing small amounts of money. Your money management habits are more important than the amount of money you have.

You can call it a retirement fund because it will be useful for you when you no longer work without having to depend on other people's finances. This will be the amount for you to participate in activities such as buying stocks, investing in securities, contributing capital to do business with friends or even opening your own company. In this way, you have created a "goose" that lays golden eggs for you to use when you no longer "work for a salary". Later, if the other 90% is spent, you will always have this 10% intact and profitable.

Jar 5: Enjoyment account 10%

This is the money you save for enjoying and taking care of yourself. You can use the money in this account to buy some dresses, lipsticks or simply eat something you like. The purpose of this account is to reward yourself, thereby motivating you to work harder.

Jar 6: Charity account 10%

This is the account you use to donate to charity or to contribute to the community. This account can be reduced to 5% if you have more expenses, but always remember to set aside an amount to help others.

Try this magic jar "secret" right away. If you apply this 6 jar method correctly, you will not only have enough food and clothing but also be able to spend money on meaningful things and save for the future easily.

According to VNN