How To Manage Your Finances (Money Jars)

I've found out this article in NST on June 9,2009 that I think really good and helpful for a such person like me who loves to shop,shop, shop till I drop (haih!).

Hopefully this article will help me to manage my money.........here are THE MONEY JARS:

1.Financial Freedom Account (FFA - 10%):
This is your financial freedom jar where the money is not spent, but used for savings and investments to generate more income.

2.Long Term Savings For Spending (LTSS-10%):
The purpose of this jar is to prevent impulsive buying and encourage one to save for an expensive item like going for a holiday.

3.Necessities Account (NEC-55%):
This jar is for all your daily expenses. If it exceeds 55%you have to simplify your lifestyle or find ways to earn more.

3.Education (EDUC-10%):
You must keep investing in your own education as anything that is not growing is dying.

4.Give Account (GIVE-5%):
Contributing to others is one of the most fulfilling goals in life, and one the impetus of earning more is so you can give more.

5.Play Account (PLAY-10%):
This is one of the most important jars. By celebrating your success each month, will boost your spirit and confidence to achieve more.

Apa Yang Duit Boleh Buat?

"Duit boleh buat beli rumah... tapi, tak boleh beli keselamatan...
Duit boleh beli katil..tapi, bukan tidur..
Duit boleh beli jam..tapi, bukan waktu/masa..
Duit boleh belikan kite buku..tapi, bukan ilmu pengetahuan..
Duit boleh beli kedudukan, namun bukan penghormatan..
Duit boleh digunakan untuk beli ubat, tapi bukan kesihatan..
....duit boleh belikan kite darah, tapi bukan nyawa!"