Pb - JARS money management system
Here are the jars and a short description of each one:
Necessity account (55%):
This account is for managing your everyday expenses and bills. This would include things like your rent, mortgage, utilities, bills, taxes, food, clothes, etc.
Financial freedom account (10%):
The money that you put into this jar is used for investments and building your passive income streams.
Education account (10%):
Money in this jar is meant to further your education and personal growth. Since you are your most valuable asset, an investment in yourself is a great way to use your money.
Long-term saving for spending account (10%):
The money in this jar is for the bigger nice to have purchases.
Play account (10%):
The purpose of this jar is to nurture yourself. Play can be anything your heart desires.
Give Account (5%):
The money in this account is for giving away, donations or gifts.