6 Jar Money Management Method : Which i used until now !

Let had a short discuss one 6 Jar Money Management method by T. Harv Eker. This method had been introduce by mentor who is lecturer during my university time 2010. He was saying this method work well when i ready for investment this method will ensure me to sustain the balance point in personal financial.

Let go straight to the 6 Jar Money Management Method distribution (Priority of money management is by top to bottom) :   

1. 55% for daily necessities : Food, Bill, Transportation, Rent 
2. 10% for financial Emergency fund : 
• Money Market Fund, Short term Fixed Income, Cash+ account) 
• Passive income : Low risk investment (Bond fund, Unit Trust, Mutual Funds, Robot advisory investment) 
• Financial free goal: High risk investment (Stocks, P2P investment, Real estate) 
3. 10% for long term saving : Kids future education fund, Retirement fund, save for pay debt....
4. 10% for education : Books, Attending conferences or course for self investment 
5. 10% for leisure : Travelling, daily entertainment, buying expensive device purchase, games 
6. 5% for contribution to community : Donation, Charity to who needed 

Above financial formula i had use until today which i feel still suitable for me which currently having one kids family. You can do your personal distribution as everyone have their own need. But the method of saving much start from top below as priority. 

Once thing i want to comment here was the 5% of contribution to community. We had to start to pass this good positive vibes starting from our self. This good energy will be return back to you in some other form which you will not expected :)    

Hope above distribution and method will give you a good references for you in your financial management. A good quote i read before :-  

"Money is always eager and ready to work for anyone who is ready to employ it.”

- Idowu Koyenikan