This is the simplest money management system and it works.

1. Money Management 101:The Jar System http://Articles.SuccessEsource.com/wealth 1

2. The Jar System This is the simplest money management system. Find yourself 6 jars and label them as follows: FFA NEC LTSS EDU PLAY GIV http://Articles.SuccessEsource.com/wealth 2

3. FFA Jar Financial Freedom Account (FFA). This jar if for your financial freedom. Each month put 10% of your income in this jar. Money you put in this jar can be used to invest, start a business, create a passive income streams etc. http://Articles.SuccessEsource.com/wealth 3

4. NEC Jar Necessities (NEC) jar. Put 55% of your income in this jar for your necessities. It's for things like paying bills, groceries, transportation, necessary clothing etc. http://Articles.SuccessEsource.com/wealth 4

5. LTSS Jar Long term saving for spending (LTSS) jar. Put 10% in this jar. It's for things like a plasma TV, your family vacation, contingency fund, your children's education etc. You may have more than one LTSS jar. If you have more than one LTSS, divide the 10% between the jars according to your priority. http://Articles.SuccessEsource.com/wealth 5

6. EDU Jar Education (EDU) jar. 1 10% that goes in this jar if for your own education. It could be used to attend seminars, buy books, trainings to improve your skills etc. Basically, it's for your continual education and learning. http://Articles.SuccessEsource.com/wealth 6

7. Play Jar Allocate 10% of your income for you to have fun guilt-free. Use it to go to a fancy restaurant, buy that outfit you’ve been eyeing or a massage at a spa. Just do something fun. Let your inner child play – do not underestimate the importance of playing. http://Articles.SuccessEsource.com/wealth 7

8. GIV Jar Giving (GIV) jar. Allocate 5% of your income to give to charity. If you want to allocate 10% for giving, take 5% off your NEC jar (this leaves 50% for your NEC jar). http://Articles.SuccessEsource.com/wealth 8

9. Cultivate the Habit Many people think, "But I don't have money. I'm barely getting by. How can I manage money if I don't have money." If you're one of those people, that is exactly why you need to use this jar system. If you have very little money, you can start by dividing $1 between the jar. http://Articles.SuccessEsource.com/wealth 9

10. Cultivate the Habit The amount you put in the jars doesn't matter. It's the habit of managing money that's important. So find yourself a few jars and start dividing whatever money that comes in into the jars. You’ll be amazed by what you’ll have at the end of the year. http://Articles.SuccessEsource.com/wealth 10

11. Good luck! More information on building wealth at http://Articles.SuccessEsource.com/wealth http://Articles.SuccessEsource.com/wealth 11