Great Ways to Save Money--A solution to save a ton of money you didn’t even know you had
72With the economy today people are looking for more ways to save money. It seems like even an affluent country like the United States is still full with a majority of scarcity minded people. Maybe that is because this is what our children are learning in our society today with all they hear on the T.V., radio, and the Internet. We as a country and a world need financial education. Currently, our educational system is stuck in the dark ages and teaching our children to be worker bees and great employees is our idea of a great education. However, they are ignorant when it comes to money, the economy and how to make money on their own. This is an issue that will affect them for the rest of their lives and we as a whole know very little about. Do you want solutions and want to find little ticks that the wealthy use to make a ton of money? Here is a system taught to me from a very successful millionaire. It is a great way to manage money and it will also give you some great ideas and ways to save money.
The System
First, and foremost you must follow these directions to a ‘T’. You cannot change and implement your own plan until you have successfully followed this system for at least 1 year. Ninety-five percent of those do alter the system and fail to find the success that this system can bring to you. The author recommends this system only because out of many systems attempted this one is the only one that worked. This is the most fun, exciting and abundant way to manage your money. Once again, follow the directions exactly how they are written unless you are looking for failure.
You need 5 jars to put somewhere in your home that you will see daily. This is key and against what most of us where taught. Most are taught to hide their money and you cannot hide these jars. They must be out in the open.
Label the jars as follows and each paycheck put the exact amount in each jar.
Financial Freedom Jar 10%-This money will never be spent and only invested.
Long Term Savings for Spending Jar 10%-This money is for saving for a car, radio, and debt reduction. This jar is for all of those big expensive things that you want. They are the ones that many people will make debt from. This jar is to help avoid that debt.
Education Jar 10%--One of the most important jars and one of the most looked over. You will understand this jar after you start using it.
Play Jar 10%-This jar will make sure you have a good social life and you do things that enhance the quality of your life.
Give Back Jar 5%--Can be increased if your Necessities Expenses are 50% and lower. This is to reciprocate and give back what has been given to you. The more you give the more you receive.
Necessities Jar 55%--These are your monthly bills
If you monthly necessity expenses are over 55% it is time to get on a plan to reduce those expenses. If your monthly necessity expenses are under 55% great job now adjust your other jars accordingly. The author invites you to learn more ways to save money.
This system was learned from T. Harv Eker. He is the author of “Secrets of a Millionaire Mind.
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That is a great system like the envelope system - congrats on your win!
Saving money is indeed important, much more than spending it. Your hub shows important ways to save. Thanks for sharing and congrats!
Congratulations on the win, chrispreynolds1! :)
Great idea and congrats on the win.
I hope you don't leave your jars on the windowledge!
Congats on your win with this hub for the finance contest, Chrispreynolds!
Interesting hub and some good ideas for anyone.













keyfound 16 months ago
good advice, I like how everything is broken down with percentages and it gives me a good idea on where i should be financially.