Many of us struggle to get from paycheque to paycheque with money still in the bank. Whether you use a jar or a envelope (it’s also called the envelope system) this system of managing your money is all about seeing the money disappear, and learning how to make it stretch.
It’s about defining your money priorities (notice I didn’t say that bad “b” word… budgeting) to achieve your goals. Read more:
- The “Magic” Jars, Gail Vaz-Oxlade: based on simple concepts laid out on the show “Til Debt Do Us Part”, this article explores how money jars help manage your money and lays out a process to set up a simple budget.
- Money Jar Budget in 3 Easy Steps: takes the Magic Jar concept and breaks it down so that it is easy to do.
- The Envelope System, Frugal Living: instead of using jars, this system uses envelopes but the concepts, steps and results are the same. Some interesting tips and some links to related articles.
- Learning to Budget with the JARS system, Get Rich Slowly: a personal look at how one couple used the jar concept to redefine their money management and the results that they achieved.
There’s tons of information out there on learning how to budget—it’s just a matter of looking. Don’t forget to ask your local librarian for books, magazines, and other resources that they might have.