Best Way to Save Money 101-Strategies to save you big bucks.

In today’s economy everyone is looking for the best way to save money. In our culture many people have this underlying belief that more money can solve their problems. The problem lies not within the lack of funds.  The problem lies in the way that those funds are being spent and managed.  Coming from a person who had this problem for about 10 years and overcame it.  I never seemed to have enough money.  I was always waiting for the next big promotion or commission check for my life to be better.  I was seeking security in money.  The problem was after that money was spent I was back in the same situation just a few weeks later. I will show you the process and the best way to save money that I have learned. 

A man named Tim always had the problem of never having enough money. He would get paid well at times, other times he would not. The times he had money he believed that his problems were solved. But, every time he would have a big check come in it seemed like he was just catching up for the times he didn’t have money. Tim tried to manage his money and it never solved the problem. He hated handling his finances. It was almost like he had mental blockers that would not let him manage his money. Tim then took a big risk. He quit his job and started a business, thinking that this business would be the solution to his problems. The first year he had good profits and was okay with money. The second year he had very, very little income. He then was forced to take up temporary jobs here and there to have money for food. He was so stressed out that it affected his work, family and fun. Finally, Tim came across a fun system of managing and saving money. Tim learned this from T. Harv Ekers book “Secrets of the Millionaire Mind”.

This book saved Tim’s financial life.  He applied this system and he has never looked back.  In the first year of using this system he invested more money into his IRA than he had in the previous 5 years total!  Tim now enjoys managing his money and realizes the power of a money management system.  Most importantly it is fun and not just a dreary computation of numbers.  Want the system...Here you go.  

First you MUST use jars and you MUST NOT change the system.  If you do you will fail...bottom line

10% Financial Freedom Jar--Never Spend!!!  Invest only

5%  Give Back Jar--Give back to others

10% Long Term Savings for Spending--Debt reduction, saving for a car or a big purchase

10% Education--for continual education...one of the most important jars and you will find out why after a while but, make sure you keep the commitment to this one.

10% Play Jar--This is to make sure that you have a social life and a good one.

55% Necessities Jar--This is for food, car payment, bills, rent, mortgage and all monthly living expenses.  

If you have above 55% necessities then it is time for a restructuring of your life style and simplification.  Adjust the jars accordingly and get on a system to reduce your monthly expenses.  If you have above 55% then great.  Adjust the other jars evenly and accordingly.  This is the best way to save money and it had produced millionaires.  Do not even think about changing the system until you can prove you yourself that you can commit to this one.  Best of luck.