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Saving made simple Whether you need to manage your money for today or squirrel away for the future, make your finances go further with our easy guide to saving. Saving made simple. Everyone wants to have more money, but to get more you need to learn how to handle what you already have first! Many people have financial issues not because of the lack of money but lack of knowledge to manage money which already comes to their lives.
The Basics of Money Management
Luckily, money management can be easy if you make it simple. There are many ways you can manage your money. I will show you one system that is proven to work well and you can start using it immediately, no matter how small your income is.
The most important thing is to develop the habit of managing your money regularly! During this seminar we went deeply in understanding our relationship with money, our money personality, our money blueprint subconscious belief about money that determines our financial life and we learnt many wealth principles and habits of a wealthy people. One thing that almost all millionaires have in common is that they are good at managing their money! With the right knowledge and habits, anyone can become a good money manager.
The only problem is that nobody ever showed us how we should manage it. Harv Eker and that has worked well for thousands of people. The idea of this system is to separate your income into 6 different accounts for specific purposes instead of using different accounts you can use 6 physical container jars which you will label differently.https://poddi.ru/wp-content/based/2353.php
How to Start Managing Your Money, For Those Who Never Learned Growing Up
There is a reason why each of six jars is important and although you might want to eliminate some of them, you should keep them all! The money that you put into this jar can only be used for investments in something that will bring you profit.
This jar is used for building wealth and to ensure you financial freedom. The purpose of this jar is to save money for future expenses e. You can take money from this jar to pay out debts or for buying gifts, but you may never take money from the 1st jar! The more you learn the more you earn! If you have no idea where to invest the money from the 1st jar, then this is an indicator that you need to learn more about investments.
The money from the EDUC jar is extremely important because you should never stop learning and educating yourself. The best way to use money from this jar is for the personal or professional development books, courses, seminars, events, etc.
Opening a Bank Account
The more knowledge and skills you have, the more likely you will earn more money. Poor people always think short term, while wealthy people think long term. You can use money from this jar to learn new skills, new language or whatever you think can help you in life. This money should be spend only for real necessities like food, mortgage payments, bills, gas, oil, insurance, etc.
The majority of people are either savers or spenders. No matter if you are saver or spender this jar will bring balance to your life. It will force spenders to spend less than they usually spend on luxuries, while it will force savers to finally treat themselves better and enjoy life more. You must spent this money each month or at least every few months. Allow yourself some extra luxury, massage, nice dinner in a fancy restaurant, buy a new piece of clothes or a new gadget.
One good idea is to combine the play and education money into one excursion e. The purpose of this money is for charitable contribution, for helping people outside of your inner circle kids allowance or gifts for friends are not charitable contribution. This is for people who need help. One of the reason why many people want to get rich is to be able to help others. Harv believes that if we have the ability to get rich, we also have a duty to give. It will make you proud.