To Use: Simply enter the amount received and press the tab key on your keyboard. Additionally, you can change the percentage amount for any category. Press the tab key after entering values to update calculations.
About: This calculator was designed to be used with T. Harv Eker's Jars concept. Read his book, Secrets of the Millionaire Mind The real fun and learning experience is at The Millionaire Mind Seminar.
Enter your check amount:
|FFA Percent||FFA Amount|
|NEC Percent||NEC Amount|| |
|EDU Percent||EDU Amount|
|LTSS Percent||LTSS Amount|
|GIVE Percent||GIVE Amount|| |
|PLAY Percent||PLAY Amount|
The jars system is an easy and simple way to manage your money. In the beginning I resisted this system. Eventually I gave in and began to see the financial rewards first hand. In my last post I shared some of the benefits of using the JARS to manage money. In this post I'll cover my experience on how the jars work.
I've had a few people ask me why I have the physical jars sitting on my desk. Some have asked, "Steve, do you actually put money in those jars?" The answer is, 'it depends'. Let's explore the question in more detail.
Currently, I have setup the jars electronically so that all transactions are completed automatically on a monthly basis. Most of the work is done online. From this stand point you might think that there is no need for the jars. One of the reasons I have the jars on my desk is because they help me build the habit of managing extra money. Keep in mind that visual is memorable. The jars are a physical reminder of where my money is going.
Sometimes I run into extra cash or happen to find change in my pocket when I get home from work. When this happens I place the cash into one of the jars. Most times I'll place the money into the FFA jar -the jar used to build our nest egg.
The physical action of placing the money into the jar is important. Once I place the money into the jar it gets me thinking about ways to use that money. For instance, when I place money into my FFA jar it triggers my sub-conscious to find ways to invest. The action of putting the money in the jar is like planting a seed. Once the seed is planted my mind works on creative ways to invest.
Sometimes I'll place my extra money into the PLAY jar. Similarly, this will trigger my thought process to find ways to spend money on play. It's like a game. Every time I put money into one of the jars my mind starts working to find ways to spend that money. This process is a great way to build your money managing habit.
Unfortunately, most people don't use a system like this and they tend to always be in debt. One of the reasons they're always in debt is because they use their extra money to pay their debt. If you're consistently using extra money to pay your debt then you're teaching yourself that habit - to pay debt.
The more you do it, the better you get at it. Eventually this habit becomes ingrained in you and it happens unconsciously. This habit can also lead to a poverty consciousness. The more times you pay your debt, the more you think about it. The more you think about it, the more you feel it. This will attract more debt. The way to move away from debt and into prosperity is to setup an automatic debt payment program and read my article, Focus On Prosperity.
As a recap, here are the jars and a short description of each one.
Trisha and I deposit all of our personal income into a necessity account. In our case it's our checking account. The money in our necessity account pays for all of our expenses. The remaining money is distributed into 5 other accounts.
I learned very early in the process that the jar percentages are not critical. To guarantee your financial success just start using the jars and build the habit. This is key. It doesn't have to be perfect when you start. You could even start by splitting $10 every month into the jars. There is an inspiring story in 'The Secrets of the Millionaire Mind' about a woman who started splitting $1 into the jars every month. In her first month she put 10 cents into her play account, 10 cents into her FFA, 10 cents into her LTSS and so on. Later that month she used her play money to buy a piece of bumble gum. She received a mini comic with the bubble gum package that she bought with her play. She read the comic and got a laugh. Two years later she deposited a $10,000 dollar check into her FFA account. Now who's laughing?
If she can do it then so can you.
I highly recommend the JARS system to anyone who wants to make the most out of their money. If you're looking for a simple way to make more on what you already have then use this system.
Want to learn more? Check out T. Harv Eker's Millionaire Mind Intensive Seminar. For a limited time you can purchase Harv's, 'The Secret's of the Millionaire Mind', and receive two free tickets to this seminar. If you're still interested and don't want to purchase the book then you can always check out the Millionaire Mind Evening seminar in your area for FREE.
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