At my Millionaire Mind Intensive course, and in part of my book Secrets of the Millionaire Mind, I teach a very effective money management method— designed specifically to get you to financial freedom.
It’s called the JARS money management system.
Basically, using this system, you split your money up into six different accounts, and you have percentages of your money to put into each account. You can use bank accounts or actual jars.
So what are these jars and what percentage of your income goes into them?
Let’s take a look…
The 6-jars system is one of the many strategies I highlight in my free webinar, The Fastrack to Freedom.
Click here to watch my FREE training and discover the 8 critical elements to becoming financially free quickly!
So why should you start doing the 6-JARS System?
Reason #1 — Because the habit is more important than the amount.
Right now you may be thinking, “I’m not earning a lot of money” or “my expenses are too high.”
Am I saying you have to put $1,000 into your accounts every day? No, I didn’t say that.
How come I’m not suggesting a specific amount but certain percentages? It’s so that every single person, regardless if they’re earning $100,000 a week or $1 dollar a week, can follow this money management system.
Yes, if you are earning $1 dollar a week, you can do this system.
If you still can’t find the answer you’re looking for, jump to the Frequently Asked Questions below, or leave a comment at the end of this article!
Reason #2 — Because the fastest way to do well with money is to manage your money well.
Here’s the thing…
The way the universe works is if you manage your money, you will get more of it.
If you mismanage your money, you will not get any more.
The fastest way to do well with money is to manage the money that you have. Just show the universe you know how to manage $1. Then watch what happens in your life.
Miracles do happen.
Decide right now: Are you going to get 6 jars and start managing your money today?
Declare your intentions to the universe that you are going to turn your finances around right now and let us know how it’s going.
Managing your money well is one of the key ways to truly becoming financially free. But there’s much more to learn…
The fastest way to do well with money is to manage your money well. Click To TweetFrequently Asked Questions (FAQ)
1. What if my NECESSITIES is more than 55% of my income?
This is very common when first starting with the 6-Jar System. It’s important to understand that the percentages we give are recommendations and ultimately goals for you to get to… not definitive rules.
We believe the habit of managing your money is far more important than the amount, so if you can’t follow the percentages to the tee, then take an amount you can manage and start there.
For example, $100 a month. Use the jars to split up that $100. Then the next month do $150 then the next month $200.
One time we had someone start with one freakin’ dollar! Guess what? She’s a multi-millionaire now.
Again, the habit is more important than the amount!
2. What do I do if I have a lot of debt to repay?
You still manage your money! You’d use your LTSS jar to pay down your debt. And always always, always pay the minimum.
Managing your money is a habit… and so is going into debt. It’s important to understand that if you pay down all your debt first before you are in the habit of managing your money, this most likely will result in a repeat of the debt pattern.
But if you can create a habit of managing your money first and then pay down your debt while managing your money, you’ll have a higher chance of staying out of debt in the future. Good or good?!
3. If I earn passive income, where should I be putting that?
If you want to become financially free quicker, you should keep your FFA jar money with your FFA jar.
That’s until you hit your financial freedom number and are ready to live fully off of the passive income. Find out how to calculate your financial freedom number here.
4. What about credit cards?
Credit cards are great to have AFTER you are in the habit of managing your money. If you’ve been a person who is constantly in credit card debt, you should NOT use a credit card.
If you pay your balance each month, well, then a credit card is a very useful tool to have, especially the ones with great rewards programs.
Again, only use this strategy if you pay your credit card in full in each month. Put everything on one credit card. Then when you receive each monthly statement, go through the transactions and with a pen, mark which jar each charge should be paid from.
For example:
- Water, gas, sewer charge (NEC)
- Champagne to celebrate (PLAY)
- Books / Online Courses (EDUCATION)
Add up those charges on a jar-by-jar basis, then simply transfer the amounts owed from each “jar” bank account into the account you pay your credit card with.
Still wondering how effective this system is?…
Here’s What My Students Are Saying About The 6-Jars Money Management System
“This jar system literally saved my life… I felt so in debt and wasn’t managing my money, I wanted to end my life. Setting up my jar system changed everything. A few months later I was able to buy an apartment!” — Melanie Roberge
“It’s so good that my hubby and I became financially free from scratch in just 4 years using this system… You really changed our [lives] for the best.” — Maria Laura Viquez
“Been doing this for over 10 years with our kids and now as teenagers, they are very disciplined with money. They spend and save with thought and respect for this tool. So grateful for Harv for this gift!” — Jennifer Pollock
“Been using jars for over 5 years. Love them. Our net worth grows each year. So fun to count the FFA jar every New Year’s Day.” — Tom Price
“Man this makes it so easy. Takes minute instead of hours and gives me the feeling like wow I can still have some fun. Amazing. Thanks.” — Steven Chambers
“Just do it. The best money habit to have. Thanks again, Harv!” — David Edward Albanez
“I only wish I had been exposed to this in my 20’s. So now I get to share with my kids… The best part is that they have the opportunity to truly live debt free.” — Rhonda
“I went from zero (yes, zero) savings to R$50K today (Brazilian reais) by applying your jar model… From zero I learned: how to be free… how to handle my income; how to share my income with the world.” — Marcos
My friends, managing your money is one of the 8 essential elements you MUST have in place to become financially free. Want to learn the other 7 and get on the quickest and simplest path to freedom?
Want to discover exactly how I and others trained by me became financially free, and how you can become free too?
Then watch my FREE signature web class,
The Fastrack To Freedom:
“8 Critical Elements To Becoming Financially Free Quickly”
In this web class, you’ll learn,
- My FreedomFirst formula will help you never “have” to work again.
- The ugly truth about why most people don’t become free, and how to beat the odds with a simple mindset shift.
- A unique technique that could accelerate your path to freedom (You’ll be shocked at how simple it is!).
- And much, much more!
This class is absolutely FREE to attend.
Just click here to watch your FREE training. See you there!
Do you have other creative and effective ways to manage your money well? What’s worked for you? Leave a comment below.
For Your Freedom,
UP NEXT:
Passive Income: How To Create Wealth With Minimal Effort
Marcos says
Harv and team,
Just a heads up to let you guys know that I went from zero (yes, zero) savings to R$ 50k today (that’s brazilian reais) by applying your jar model. I work for the government and despite getting R$ 5k a month I was only making horrible choices for my money. From zero to here I’ve learned: how to be free (from the idea of needing money, but instead embraced the idea of having it as a tool); how to handle my incomes; how to share my incomes with the world (by helping others with my saved donation money); how to keep learning every single day.
All of that from reading your book and reading your newsletter.
Thank you very much. That’s all I can say.
Whenever I can I’ll go there and meet you, Harv.
Christopher Mensah says
Excellent example Marcos
Jan says
It doesn’t mention a jar for debt. I require more than 55% of my income because of my debt.
Sebastian Aguilar Bucheli says
Bills=Debt (Jar 1).
Jesse Eker says
That’s ok most people don’t start at 55%. You start where you can and work towards getting to 55% for nec.
You can start with 100$ if you want. The habit of managing your money is more important than the amount for the time being.
Fernando says
Hey Jess. So if you can’t do 55% necessities, but could only start with $100 a month how would you split it into the 6 jars?
Fernando Loaiza says
so if you have $100, would you go $55 necessities, $10 financial freedom, $10 long term $10 education, $10 Play $5 Charity?
thanks Jesse.
Fernando
Alejandro G. says
Hey Fernando,
that would be correct.
After taxes, those $100 should be split into the 6 accounts in those percentages you know. The point behind this elegantly simple system is to acquire the habit of managing, focus on abundance and stop focusing on lack.
I started managing $430 that I had saved and used that amount to bridge between the old me (work-earn money-pay for expenses) and the new me (a world class money management machine). And my first money miracle happened two days later in the form of an unexpected $860 deposit! Two days later!
Now the first thing I do when I receive *any* amount is go and split it and feel like a kid again! Now I pay rent on time, I’m never worried about my card being rejected, and last year bought more books than the rest of my life, I even launched an online business!
Start managing today, do it now!
-A
Melissa Habibi says
Hi Jess where do i put in clothing? and also business expenses such as the cost of my website, photoshoots, advertising? Would that be the necessities jar for all of it?
Abdulrazak says
Read frequently asked questions you will have recommendations to follow for your case; it’s even specific.
Logan says
Does this system require that we’re debt free?
Where should my mortgage and student loans come from? Necessities?
Or should they come from passive income stream funds until I’m debt free?
Anita says
No this systems does not require that you are debt free. I am doing it because I have debt and no longer want to be in debt. I can see how this system works very well if you are in debt. Necessities means as I understand everything that you HAVE to pay. That means mortgage and any loans or any other debts. You mention passive income streams. But I think you need to add together all your income including your passive income and then divide it up according to the jar system. I wish I had known this before … teach this to your children.
John says
Harv, it is quite interesting the clue is to get to that point when you manage those percentanges; maybe we can start with some little different values while covering some additional expenses but starting right now and during the process we can adjust it until we are at the suggested numbers. I think there is no excuse to begin today.
Thank you.
Jesse Eker says
Yep adjust until you make it work for you! The habit is more important than the amount – for now.
Freeborn Omokhomion says
Hello Harv Eker
How do I get your books, because I really want to buy them. Especially the secret of the millionaire etc.
Fernando Loaiza says
Noticed no one’s replied as yet. Here’s a link you can use to get the book. http://amzn.to/2FxSCpt hope tht helps.
Laila says
I just arranged the jars and I am now ready to kick this off.
Look forward to work with my money this way
And look forward to The Fastrack To Freedom web class
Dan Carruthers says
Harv,
I have read The Secrets of the Millionaire Mind Book (currently for the fifth time!) and it has changed my life so powerfully. I would really appreciate some guidance on the JARS system, relating to my PERSONAL scenario and business.
I buy and sell cars, so I’m not sure from which jar/ account I would take money from to invest into my stock of cars? Each car is an investment, but if I only had 10% of my income to use (from the FFA account) I would hardly buy any cars, and I feel negatively about borrowing money from the banks?
Any advice would be greatly appreciated.
Many Thanks
Dan
AUTA JOSHUA says
Hi Dan,
You have to first differentiate between your capital and your wage. You need a pool of cash to run your car business.That is your capital.
Place yourself on a salary based on your margin and other expenses. It is this that you apply to the JARS system. Your salary, not your capital
I hope this helps.
Julie says
But what if your rent, bills, food are more than 55% of your income?
Jesse Eker says
Refer to my top comments 🙂
donella hines says
Harv,
I have most of my bills set up on auto pay each month. Can/should I still participate in the JAR system?
Jesse Eker says
Of course! I have all my bills on autopay and still do this. I have for the last 15 years.
Evelyn says
It seems like a stretch that only setting aside 10% into your FFA will change your life. I’m up for the challenge.
Jesse Eker says
Once you start to earn more money and 55% of your necessities becomes to much you can always add more 🙂
KC says
Is 55% for NEC enough if I am a contractor? No taxes are taken out from my check. I have to pay all of that myself. Should I have a separate jar for taxes at like 20% right off the top or something… or will 55% of the gross compensate for for the tax implications.as well. I think I may not be seeing the math correctly.
Scott Verge says
I don’t think you can apply the jar system if you are self employed. Some how you would have to take off all your expense BEFORE you could use the jar system. As most small business people know, at the end of the day you usually have a net loss, or average close to zero profit. What do you do then, take all your money back out of the jar during a year with losses?. Good thought in a perfect world but the reality of it is there is always financial ups and downs and in the end you will average out with very little. I speak from experience. Having been in the small business community for over 40 years. This system is perfect for someone with at JOB!
Jesse Eker says
Thanks Scott for comment but that’s not true. Managing your money works for anyone. If you aren’t doing it then you’re just making up excuses for why it doesn’t work for you.
We have thousands of real estate professionals/self employed professionals who use the jar system it just takes discipline. In fact, our largest market of students are people who are self-employed and this is one of Harv’s most famous teachings so you may be speaking from your own experience but have you ever tried this system? If not, then your experience might be vast in business it’s limited in this arena. This system has been taught hundreds of thousands of students from around the world – thousands and thousands of them have gotten financially free using it.
For Real estate professionals or commission based professions, you need to take the lump sum commission and spread it around. Maybe the % of what we suggest isn’t what you’ll do but you still manage it. The habit is more important than the amount… How are you supposed to save without managing your money? How are you supposed to invest without managing your money? Without managing your money means your going to struggle financially.
Do you pay yourself a salary? Do you take owner compensation? Whatever money you take personally should be managed. If you pay for all your personal expenses through your business then you should give yourself a consistent amount each month so you CAN manage your money. Without that, you are shooting in the dark.
KC – What we do is take our taxes off the top and put them into their own account, yes. What we do after that is give ourselves a consistent amount of money each month to manage…If it’s not consistent then just take small amounts to manage.
You can also take your income, deduct your taxes and then calculate how much you should manage in each jar based on the income you pulled from that month or job. Just start small. Again the habit is more important than the amount.
Linda Sutphin says
I’ve been a Real Estate Broker for 37 years and have used the jar system for about 10 when I was first introduced to T Harv Eker. The way I use it is — take gross commission, set aside 25% into my “tax” account to pay IRS, 25% as my “salary”. What’s left is 100% for the jars for the business. From the 25% “salary”, I set up another jar system for my personal life. I usually have money left in the “tax” account which goes directly into my financial freedom bucket and I buy more investment real estate or dividend paying stocks. I’m very close to having the income from the investment real estate and dividends paying all my personal expenses. The system is simple. Just start.
celana sirwal says
I love reading through an article that can make men and women think.
Also, thank you for allowing me to comment!
Charlotte says
Hi all,
Can anyone share their practical way of working the jar system? I don’t feel comfortable getting actual jars out and distributing my monthly paycheck. Setting up 6 accounts on my bankaccount seems too much of a hassle too, so I’m really interested in how others do it to keep it surveyable.
Thanks!
Jesse Eker says
Sure I use online banking. I have different accounts for different jars. I use an excel sheet (the one we provide in our FreedomFirst Wealth coaching program) to tell me what I have to transfer to each one of my bank accounts depending on how much money I have. The jars are there so you can visually see yourself managing your money. It helps with building the habit but you don’t need them. Other people use envelopes as well. Let me know if that answers your question.
Robyn Bauer says
Charlotte, im with jesse using bank accounts. only mine are sub accounts i have set up with the bank and called them the jar name. eg medical fund, bills account, my savings a/c, my husbands savings a/c ( yes we have separate savings a/c to spend as we wish. (it was only $10 each per week at the time, but adds up over time) once i set them up with the percentage or regular amount i wanted to go into each sub account, i leave it to do its own thing each pay. after doing this for 1 year, for the first time in many years we had money in the bills account to actually pay the rates ahead of due date and not stress where we were going to find the money. it just took me to realise i needed to actually stop and look at what we were spending, how much, when and what for. I did this on a 1 year spread sheet, which meant i needed to go back a year to get a better picture with 1 year of data, then set up what i needed to save for and by when. it was not easy for the first few months because there were more coming out of my account than what went in, but on other months there was more going in than coming out, so it evened out for me. now it is automatically growing as i add more into the sub accounts with the $ changes we have. this actually means sitting and doing a budget to get the figures, oh what a shock that is, i can tell you. but we do spend not knowing where from at times. credit cards make it easy to overspend each month unless we are on top of it.
my sons have also started budgeting and seeking financial freedom. The youngest payed off all his debt and credit cards in 10 months with really looking at what was important to him, sacrificing a few things to start with but now owns a car, savings towards a home and no credit card debt. a great achievement for such a young lad. it can be done, just need to start somewhere and believe in yourself and now is a good time to start, believe me. Happy budgeting and saving.
sattu says
hi harv,
i have been a startup and employ around 10people. at the end of the month i do not have sufficient money to manage and look for external sources to match the salaries to be paid. Business is good but i wasnt able to manage it right .Have certain debt which keeps draining all the income generated. How will i over come this kid of situation
Rhonda says
This is the most effective many management system ever. I only wish I had been exposed to this in my 20’s. So now I get to share with my kids who are in their 20’s. The best part of that is they have the opportunity to truly live debt free.
Mir says
Amen! I wish we were taught this as kids and am very thankful to share it with mine.
Thank you so much Harv and Jesse!
Yeli says
Hi Harv and Jesse,
Does it have to be 6 jars? Could I combine jars 2 and 3 for example? Just easier to manage less bank accounts but will certainly follow your professional advice. Thank you very much!
Jesse Eker says
Yes, it needs to be 6 jars. I don’t think 2 jars is enough to truly manage your money. Once you get the hang of it, it becomes automatic. The hardest part is just getting started!
Alejandro G. says
Hey Yeli,
I like how Harv puts it: “In soccer there are 11 players on the field, lots of players? Yes. But try to win the match just with one player.”
For me it sounded too much at first but decided to go all in, trust the ones who are walking the walk, you know? And just like Jesse mentions here, my hardest obstacle was starting! Now I enjoy splitting any amount I receive into my 7 jars.
Great success to you.
-A
Johnson Grace Maganja says
Woooh..i am starting the 6 Jars money management system today!
No matter how much i earn. I am so sick and tired of debts in my life year after year!
Thanks, Harv for the great insight.
Wendy says
My husband and myself have been reading your ebooks. We offer a service which is dog boarding. So the big trend right now is grooming so we are getting a grooming room ready to go. We will be starting the jars. Are big problem is we don’t budget anything. So we stumbled on to you for a reason. Here starts are new life with being free first then rich if we choose to be.
Thanks for the great information.
Michael Brannon says
Harv, Jess, and Team,
Thank You for posting this! I have just sat down and applied it to my income, and while it may take a bit to achieve ti ideal percentages, Today is the start!
Oh, and I’ve just ordered a copy of Harv’s book. Thanks again!
Iva says
Hello team,
I love the system, and though I can’t fully implement it right now, since my necessities are far more than 55% of my total income, I’ll do the following strategy: 10% of everything I get goes to my “Pay me account”, I’ll separate the money I need for necessities and organize what’s left using the 6 jars system. Do you think that might work?
I do have some additional questions, though:
– The “give” jar, can it be used for gifts or for helping a friend/family member in need (for instance, helping them pay their debts.
– My kids education goes to the necessities jar, right?
– Can I increase the long term savings for spending jar percentage, in detriment of the play jar percentage? I mean, travel is a very big deal for me and it’s quite an expensive one too, so I would rather save for travel and play then. Could I put something like 15%-5%?
Thanks in advance for your advice and many thanks for this amazing article!
Margrut says
I like this system and get the idea, but have to ask — what if your necessities — mortgage, electricity, transit — add up to more than 55%?
Support says
Margrut,
That’s ok! Most people don’t start at 55%. You start where you can and work towards getting to 55% for necessities. 55% is the goal! 🙂
You can start with 100$ if you want. The habit of managing your money is more important than the amount!
Lincoln says
Hello Jesse Eker I was just wondering the freedom jar does it include 401k(provident,retirement) or is more geared towards income generating assets that provide income today and where do you add retirement if that is the case?
Jesse Eker says
Good question. I would say you can use your FFA account in that way if you’d like.
You can split it up. So some of your FFA goes to retirement, some goes to passive income investments and some go to compounding investments.
So yes you can use the FFA account for retirement but I would make sure you focus on investing for the near future as well.
Gopi says
Hi,
Is there any app that can do this?
Maria Sastre-Kjörling says
I attended the MillionaireMind Intensive in Stockholm, Sweden last weekend with the excellent trainer
Marcus de Maria!!!
I just got my bank accounts set up in a new jar system way, where the different percentages will go straight to each “jar” from my salaries account. I won’t even have to do the transferring myself!! Makes me see this IS possible. Step by step, little by little! Systemizing. I can’t wait. AND I am sticking to it because…
I’m an EXCELLENT MONEY MANAGER
Thankyou for getting the message out there HARV & TEAM!!!
Miki says
Ho
I’m really intrigued by this sistem and I’m going to start !
Just a question
I work from home , I sell cakes and I don’t have a fixed salary
If I have orders I get payed if not not
How do I manage the jars?
Each time I have an order I split the money as explained or do I wait for the end of the month? ( but I suppose by then the money won’t be there anymore …..)
I really need to try it
Tnx
Miki
Jesse Eker says
Try to come up with a base for yourself. So $100 or $200 per month and then you can start to work from there.
The amount isn’t as important at the beginning as the habit. $1 would be fine. Just build that habit 🙂
Miguel Echebue says
Please what is Rainy day fund and Reusurely expenses?
Jesse Eker says
This would be if you have unexpected expenses or emergencies that come up.
Lesli says
Each paycheck I receive is different. How do I come up with what I should pay myself?
Jesse Eker says
Do you have a minimum you earn? You can start with that base. Also, if you manage by % the amount is not important you just take the %’s for each jar.
Ex. 1000 and 5000 are still managed the same because the percentage is the same.
Zoila says
Dear Sir Harv and Team,
My problem is dipping into all the accounts mostly to use for my capital until nothing is left.. I am an artist and I buy materials for painting and tutorials. Everytime I earn, i split my income itnto those jars but when necessities arise I always take from the jars and be back to zero again. (But thank you for the wonderful book and this system. I just hope I can work it out soon. I really need a CHANGE.
Jesse Eker says
Zolia, you should manage less money then and put more money in your necessities and more into your LTSS/Rainy day fund so you don’t run into this issue over and over again.
Alan De Paula says
Can the 5% charitable donation be given to a member of your household family, let say your spouse or your kids?
Jesse Eker says
I would say no. You could give to cause they are working towards but I wouldn’t use give like that. Again the choice is yours but for kids it’s usually best if they earn the money so they know money isn’t just given to them
Nthabiseng Mokhethi says
I just read your short presentation on facebook I loved it a lot
Juanita says
You left out the church jar. This should be 10 percent above all
Jesse Eker says
This is the give jar 🙂
Hortensia says
Disculpa el video es en español? O la clase?
Tristan says
I am 58 and have 5 years more to work. I am in debt. Do you think this plan will work for me?. Appreciate your help.
Jesusa Lana says
Ok will try this. Thank you.
Jonathan says
For many years now. I have been struggling with life on how to be financially free. Thanks for your tips and principles. They make sense to me. In fact I am determine to apply these counsels and I strongly belief that these will work for me. I am convinced. I am so happy to get this timely information. I wish that I had knows these guidelines earlier. Jar money management system is a miracle I need from God at this time.
Jackie Mulgrew says
How would you recommend distributing the jars once I retire?
David says
Hi Harv & Team
I’ve just come across this concept and am interested to try to get it to work practically. I am lucky as I am already financially literate and manage money carefully I’ve looked at the last couple of years & start of current year as I already keep personal financial records for bank accounts..
On average I am around 45% Necc, 15% LTS, 15% Play (So overall 70%), 5% Giving this year
I’m at just over 20% for the Financial Freedom account
But have nil in my education account, I’m after understanding how or if I need to spend this, I have good salary cashflow so would need to be spending £5k a year. I am obviously investing time in education, listening to Rich Dad Podcasts, reading blogs like this one, presumably this should be taken into account, but how do I value my time?
Any thoughts appreciated as I feel I only need to tweak slightly to embrace this idea
Thanks
David
Venugopal Yerneni says
This gives us knowledge and we are experiencing the results
Ryan Conley says
I find it hard to believe no one has asked about potential theft. Why not put the money in six different bank accounts?
cherry kumar says
jar is metaphor for bank accounts. not an actual jar 🙂
Ngong Oliver Kumalo says
I find this very useful. I have found it by the time I have made a lot of debts due to a business shock in 2018. I need to pay back huge sums of money and no current capital. But little hard will help.
cherry kumar says
question: i am single guy and i was putting good amount of my money into mutual funds and roth ira and also for life insurance.
in this jar system, where should i take that out from?
also i get some money from renting etc. room in my house. i do pay mortgage.
where should the rent income go to?
Thanks
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Gerardo says
Hey!
I´m 24 y/o, from Mexico,
I am so happy to have discovered yoyr system and I look forward to applying it, but I just have 2 questions:
1. Last june I finally started saving money from my new salary, not for a definitive purpose, but because I know you have to have something to fall back on. Should I start by dividing that money into the 6 jars, or put that in a specific jar, let´s say the one for long-term expenses, and start dividing my next paycheck tomorrow?
And
2. Healt-related / Emergencies are something fundamentally important to be prepared for, and as such I don´t feel comfortable having that money in the same jar as common long-term expenses like vacations. Should I have a 7th jar for that separately? (I would like to try making these alone 10% of my savings)
Thank you very much in advance, I look forward to recieving your answers
Jayson says
Thank you sir.. I start this January the jar model. And I commit it to myself.
Wideupdate says
I literally read through all the comments to get an idea who this system has worked for and am stoked by the positive results.
Thanks Harve. You are simply the best and that phrase yes or yes is one thing I like in ur videos.
I intend to start this myself so I can testify of the results I got like every one else. Again this is the game changer for me n am super excited.
Esther says
Wonderfull piece!
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Thanks so much for this information..
cherry kumar says
i have a question, should we create separate jar for 6 month emergency reserve or events like marriage etc. or should we use one of these jar for them?
specially, the marriage expenses are usually large and need to save lot of money for that.
Jideofor UMEH says
Without Harv Eker(his name is very strange to me) He came into my life miraculously by law of attraction….I WOULD HAVE BEEN DEAD FINANCIALLY…… right now I distribute his books to secondary school students in Owerri,Imo State,Nigeria and I am now helping United Nations achieve first SDG till year 2030(NO POVERTY)
Rajesh Sharma says
I just want to say that your blog is simply astonishing. I actually was going through all the comments to get an idea who this system has worked for and I am surprised by the positive results. I really liked your Blog. You have mentioned some of the basic, but very important methods of managing money. I like the way you presented this blog. I think it will be very easy to understand. I really Liked your blog. Thank you for sharing this blog. Keep Posting.
Mario says
Any advice on starting this with a 6 year old? How many jars does he need and which ones? My wife and I have been doing this for 3 months and I’m amazed how fast our FFA is growing!
Thanks!
Sandra says
Awesome prarical tip for financial freedom and wealth creation..I’m in 💯%. Can’t wait to position myself on the right court of financial freedom and share my results. And ultimately land on the court of actual wealth creation by practicing the 6-Jar money management.
Thanks Harv
Daniel says
If I decide to start a Network Marketing Bussiness… From which jar should I take the money to start and maintain it for the first months? And the money obtained by reselling the products, should it be divided complete into all the jars? or only the profit from the sale?
Linda says
Hos does the Jars system works with couples and two different incomes and with couples that have a single income a mutual business?
Thanks
Jhon Smith says
I hear you about expensive coffees being a waste of money, but coffee from home isn’t free. So you can’t save the entirety of your coffee budget by bringing it from home.
Kelsey says
Hi all!!! I am so excited to start implementing this system. This may be a silly question but what do you guys think in terms of getting physical jars vs opening up 6 different accounts? Having 6 different accounts seems like a lot to manage lol. Are the jars just a metaphor that helps you track the money while everything is really just in one account? Again – may be a silly question but I’m just looking for a bit more clarity on this! Thanks!
Catherine says
Hey,
I have both! I think the actual accounts are good as if you do online banking you can see exactly what’s in them.
I’ve also just bought the jars so that I can have them physically. I think putting them in plains view helps with the visual side of things even if you only write on a piece of paper what has gone into the account each time you deposit!
😁
data togel sd says
I am pleased that I observed this web site, exactly the right info that I was looking for!
Elix says
What I have done is save the money I had used to pay things, for example: my hair cut; I was paying $15 I save this money because my wife cuts my hair, the insurance for air conditioning, furnace etc, I was paying $65 monthly , now I save this money and ai have saved over $1000 and I have not had issues with my air conditioning or furnace in two years (I bought house in 2017). I have save over 300 in hair cuts. I have used jars, instead I use envelopes. However I am in trouble because our income is low, we can cover our expenses and save some money, for this reason I dee this program as an opportunity to learn more, I am 52 and my time is short, so if you are 20, 30 or 40 don’t waste your time. It is not my principle language, mine is Spanish.
Catherine says
Hey,
I am in my mid 30s and I don’t consider this a waste of time. I will have to work for about another 30 years before I’m allowed to retire by the government. Which is a long time to be focusing on this. There’s more to it than just this system.
Hope this makes sense.
Miiro says
Thanks Elix.
Catherine Holland says
Hello
Thanks for this page, I’m currently doing one of your courses and it has answered a few of my questions. I do have a couple more though 😁.
Can you class pension deductions from your salary as part of your FFA account?
Do you have to spend all of your play account each month?
Do you have to give away all your giving account each month?
Or can they all increase month on month?
Thanks in advance!
Judith says
I have a question, what do you do if you need to save for lager items such as deposit for a house, or a wedding? It would take too long using the short term saving jar. Should you save a lump sum, then divide the remaining amount into jars?
Catherine Holland says
I think this would be your Long Term Savings for Spending account?
Catherine Holland says
I think also that Financial Freedom could be used for deposit for house. I have also asked these questions, maybe Facebook is a better place to ask
Tori says
You inspired me. I definitely want to try this! Thanks for the ideas!
Greta James says
I love that you point out that credit cards are a great tool for after you have good money habits; otherwise, you will spend more money than you have. Yesterday, I was talking to my sister and she mentioned that she is having a hard time paying her bills because she has to pay her monthly credit card dues. I wonder if she should talk with professionals to get money managing tips so she can get back on track.
Benico says
Hi Jesse
I’m watching the video where you explain the 6 jars money management system. Great Stuff !!!! but I can’t seem to find the link with the worksheet below the video. Plz help !
Peter says
Great info. Thank you very much for this useful article.
Designeren says
If you’ve been struggling to come up with a sound strategy to better your money management, or have ever had a problem with budgeting, I ve got you covered. The following system of money management will ease the anxiety and take away the headaches that are all-too-common when it comes to saving. The idea of the method is quite simple: You separate all of your income into 6 separate jars. They each will have a distinct function and will serve a different purpose in your journey to financial independence. It s a very basic yet effective money management technique that will help you reduce spending and increase savings. Once you start budgeting and have an understanding of how much you can spend each month, you ll have an easier time tracking your spendings and savings.
LUVIER AUGUSTO BERMUDEZ VIZCAINO says
Thank you for sharing :). Love it!
PAT Finance says
if you pay down all your debt first before you are in the habit of managing your money, this most likely will result in a repeat of the debt pattern
Thanks
Istvan Meszaros says
Hi! I’m using the jar system in my personal life, and it’s great! Can you help me out, so I can use it also in my company? How mauch percentage should I reserve foe each jar. Or maybe there I have different jars. Thank you!
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Steve Jones says
I loved your tip of separating your money between 6 bank accounts to help manage your money better. My wife and I are wanting to become financially smarter and we were wondering what we can do to manage our income better. I’ll be sure to tell her that we should set up 6 different bank accounts to help manage our money better.