Tips - How to manage your finances

Tips
How to manage your finances

ONE of the world's easiest and most effective money management system introduced by T. Harv Eker is called Money Jars. Over 500,000 lives have been changed by this fail-safe, sure-fire money management method by setting aside your money in six different jars each month, which are:

* Financial Freedom Account (FFA - 10%): This is your financial freedom jar where the money is not spent, but used for savings and investment to generate more income.

* Long Term Savings for Spending (LTSS - 10%): The purpose of this jar is to prevent impulsive buying and encourage one to save for an expensive item like going for a holiday.

* Necessities Account (NEC - 55%): This jar is for all your daily expenses. If it exceeds 55% you have to simplify your lifestyle or find ways to earn more.

* Education (EDUC - 10%): You must keep investing in your own education as anything that is not growing is dying.

* Give Account (GIVE - 5%): Contributing to others is one of the most fulfilling goals in life, and one of the impetus of earning more is so you can give more.

* Play Account (PLAY - 10%): This is one of the most important jars. By celebrating your success each month, will boost your spirit and confidence to achieve more.

For more information login to www.MillionaireMindAsia.com, or call Success Resources at 03-7801 2888.