#moneyjars

[lindaarmstrong-energyhealer]

Excited to share the latest addition to my #etsy shop: Money Management System – 6 Jars, T. Harv Eker https://etsy.me/2ORPI5v #housewares #office #6jarsystem #moneyjars #savingsaccount #tharveker #moneyjarsystem #moneysavings #bank https://www.instagram.com/p/B8g9PBonxvI/?igshid=in84vq9vr6i9

[teacherg]

Money Jar & CNY part 4 This is the 70-10-10-10 budgeting model by Jim Rohn The simple diagram below simply captures in a nutshell what the whole concept is all about FOR CHILDREN: Apart from decoration, children are to labeled the jars as AC /Education INVEST SPEND GIVE. Every time your child is given RM1. S/he is expected to put 10 cents in the Jar labeled GIVE. (refer the purpose of give jar below ) 10 cents in the Long Term Saving.(refer below explanation) 10 cents into INVEST ( refer below for explanation ) and the last SPENDING jar receives the remaining 70 cents. FOR ADULTS : This model is also useful for adults who has many commitments into their necessities and yet to be able to segregated their income / allowance into 6 Jars as Harv Eker suggested. The FIRST group is the “70” part of 70-10-10-10. It suggests that you use 70% of the money for necessities, both needs and wants. The SECOND group is the first “10” of 70-10-10-10 is called active investment jar. For children, I would suggests this money are keep aside as investment for their education fund. For adults according to Jim Rohn this jar is meant for emergency fund. The THIRD group is the second “10” of 70-10-10-10. It suggests that you use 10% for “passive investing.” or " future" Where it is use to invest for retirement ( This jar is also called pay yourself first jar) The FOURTH group is the final “10” of 70-10-10-10. It suggests that you use 10% of the money to make your community or the world at large a better place through some form of giving. #Penang #MoneyJars #JimRohn #90secClub #Garyveechallenge #GazellePenang #financialliteracy #MoneyJar #MoneyJars #cultivatingHABIT #habit #startthemyoung #PublicMutualPenang #mypublicmutual #publicMutual https://www.instagram.com/p/B78zJ5-nxSN/?igshid=1rxty9os7nstl

[teacherg]

Money Jar & CNY part 4 This is the 70-10-10-10 budgeting model by Jim Rohn The simple diagram below simply captures in a nutshell what the whole concept is all about FOR CHILDREN: Apart from decoration, children are to labeled the jars as AC /Education INVEST SPEND GIVE. Every time your child is given RM1. S/he is expected to put 10 cents in the Jar labeled GIVE. (refer the purpose of give jar below ) 10 cents in the Long Term Saving.(refer below explanation) 10 cents into INVEST ( refer below for explanation ) and the last SPENDING jar receives the remaining 70 cents. FOR ADULTS : This model is also useful for adults who has many commitments into their necessities and yet to be able to segregated their income / allowance into 6 Jars as Harv Eker suggested. The FIRST group is the “70” part of 70-10-10-10. It suggests that you use 70% of the money for necessities, both needs and wants. The SECOND group is the first “10” of 70-10-10-10 is called active investment jar. For children, I would suggests this money are keep aside as investment for their education fund. For adults according to Jim Rohn this jar is meant for emergency fund. The THIRD group is the second “10” of 70-10-10-10. It suggests that you use 10% for “passive investing.” or " future" Where it is use to invest for retirement ( This jar is also called pay yourself first jar) The FOURTH group is the final “10” of 70-10-10-10. It suggests that you use 10% of the money to make your community or the world at large a better place through some form of giving. #Penang #MoneyJars #JimRohn #90secClub #Garyveechallenge #GazellePenang #financialliteracy #MoneyJar #MoneyJars #cultivatingHABIT #habit #startthemyoung https://www.instagram.com/p/B78ywBTJlE4/?igshid=19jswod16xwl2

[teacherg]

Money Jar & CNY part 4 This is the 70-10-10-10 budgeting model by Jim Rohn Apart from decoration, children are to labeled the jars as AC /Education INVEST SPEND GIVE. The simple diagram below simply captures in a nutshell what the whole concept is all about FOR CHILDREN: Every time your child is given RM1. S/he is expected to put 10 cents in the Jar labeled GIVE. (refer the purpose of give jar below ) 10 cents in the Long Term Saving.(refer below explanation) 10 cents into INVEST ( refer below for explanation ) and the last SPENDING jar receives the remaining 70 cents. FOR ADULTS : This model is also useful for adults who has many commitments into their necessities and yet to be able to segregated their income / allowance into 6 Jars as Harv Eker suggested. The FIRST group is the “70” part of 70-10-10-10. It suggests that you use 70% of the money for necessities, both needs and wants. The SECOND group is the first “10” of 70-10-10-10 is called active investment jar. For children, I would suggests this money are keep aside as investment for their education fund. For adults according to Jim Rohn this jar is meant for emergency fund. The THIRD group is the second “10” of 70-10-10-10. It suggests that you use 10% for “passive investing.” or " future" Where it is use to invest for retirement ( This jar is also called pay yourself first jar) The FOURTH group is the final “10” of 70-10-10-10. It suggests that you use 10% of the money to make your community or the world at large a better place through some form of giving. #MoneyJars #JimRohn #90secClub #Garyveechallenge #GazellePenang #PUBLICMUTUAL #financialliteracy #PublicMutualPenang #MoneyJar #cultivatingHABIT #habit https://www.instagram.com/p/B78x_Kan_mN/?igshid=1xgzeog1wfy66

[teacherg]

Money Jar & CNY part 3 In order to cultivate the habit of saving and managing money properly, I talked about money jars are better than one coin box. There are many different jar system out there. Each has their pros and cons. These are a few famous once a) Spend, Safe, Give: 3 Jars system (popularly used as children's financial literacy) b) the Jewish 5 jars system c) Jim Rohn's 70-10-10-10 budgeting model c) The 6 Jars system by Harv Eker What is the requirement of a money jar? Money jars can be any jar or bottle. Money jars do not have to be perfectly decorated. The basic requirement is FUNCTIONAL. The owners have to take ownership over them. As an adult we might not be using Physical money jar, we can do it as different accounts or perhaps different investments. Do you know, there are many money jars apps available for adults to track their own spending? Most of the apps are based on "The 6 jars system" by Harv Eker #Garyveechallenge #GazellePenang #financialliteracy #Habit #MoneyJars #cultivatingHABIT #FINANCIALmanagement https://www.instagram.com/p/B76kQZtJUXz/?igshid=1jkabaa0x7jby

[teacherg]

Money Jar & CNY part 2 Ever heard of money jar ? the money jar is similar to what we call piggy bank coin box where we drop in loose coins. I grew up with the understand of ONE PIGGY BANK will do. However, if we intend to teach your children the understanding of financial management it is best to have Different JARS. It is also important to let children do the decoration and labeling on their jars( give them stickers, markers) The purpose of the decoration is for them to take ownership over their jars/ Tomorrow I will be talking about the 4 jars and what are each jars allocated for. #SAVING #moneyjars #cny #gazellePenang #publicmutual #publicmutualPenang #Garyveechallenge #90secClub #CHINESENEWYEAR #ANGpows https://www.instagram.com/p/B74I_nfH0_W/?igshid=uvxni79qthic

[teacherg]

Money Jar & CNY part 2 Ever heard of money jar ? the money jar is similar to what we call piggy bank coin box where we drop in loose coins. I grew up with the understand of ONE PIGGY BANK will do. However, if we intend to teach your children the understanding of financial management it is best to have Different JARS. It is also important to let children do the decoration and labeling on their jars( give them stickers, markers) The purpose of the decoration is for them to take ownership over their jars/ Tomorrow I will be talking about the 4 jars and what are each jars allocated for. #SAVING #moneyjars #cny #gazellePenang #publicmutual #publicmutualPenang #Garyveechallenge #90secClub #CHINESENEWYEAR #ANGpows https://www.instagram.com/p/B74IKjyH9eV/?igshid=1wmhkpa1r1pfz

[teacherg]

Money Jar & CNY part 2 Ever heard of money jar ? the money jar is similar to what we call piggy bank coin box where we drop in loose coins. I grew up with the understand of ONE PIGGY BANK will do. However, if we intend to teach young children the understanding of financial management it is best to have DIFFERENT JARS. It is also important to let children do the decoration and labeling on their jars( give them stickers, markers) The purpose of the decoration is for them to take ownership over their jars. Tomorrow I will be talking about the 4 jars and what are each jars allocated for. #SAVING #moneyjars #cny #gazellePenang #publicmutual #publicmutualPenang #Garyveechallenge #90secClub #CHINESENEWYEAR #ANGpows https://www.instagram.com/p/B74HoKmpnua/?igshid=1en7sxzn13226