Bote-bote lang yan.
Literal na bote. O kaya’y garapon. Yung malaki!
Ganito kasi yun…
Nung 2009, laking pasalamat ko at nabigyan ako ng chance na makapunta ng Singapore.
Hindi para maggala. Well kasama na yun, pero ang purpose talaga ng trip na yun ay para umattend ng seminar.
Kung tama ang memory ko, P60,000 per head ang seminar fee at that time. Pero libre akong naka-attend.
Marami ako natutunan:
- What are the money blueprints
- Personal life story niya at ng Tatay niya bilang isang World War 2 survivor.
- Meron pang exercise
- and many more
Pero kung meron man akong take-home na pwede ko i-apply agad, yun ay yung “Money Jars”.
Sabi ni T. Harv, “You need to pay yourself first.”
Ibig sabihin before you pay others (Meralco, water bill, cable, internet, the rent, etc.), pay yourself first.
By paying yourself first, you will have the chance to grow your money. Chance muna.
Isipin mo: pag dating ng sweldo babayaran mo na muna ang mga bills at necessities. Kung may matira, yun ang savings. Nakakatabi ka pa ba? Kung meron man, hindi madalas. Mahirap makapagtabi.
Wala naman masama sa pagbabayad ng bills. Pero kung ang goal mo ay magkaroon ng savings and then later on–investments, you need to pay yourself first.
By paying yourself first, you are doing this formula:
Uunahin mo na muna itabi ang savings.
The purpose of the Money Jars is build and enforce in you the habit of paying yourself first.
So, pag-uwi ko ng Pinas noon, sabi ko nun ia-apply ko kaagad yung Money Jars. I will test the theory.
Theory pa lang kasi hindi ko pa na-prove 🙂
Naghanap talaga ako ng glass jars. Yung garapon. Gusto ko yung malaki, yung clear glass.
Pero wala ako makita. Ito ang nakita ko.
Remnant na lang yang jar na yan. Souvenir. Isa yan sa anim na jars.
Pero yung system ng Money Jars, dumadaloy na sa dugo ko.
So ano yang Money Jars?
There are 6 Money Jars (as taught by T. Harv)
- Financial Freedom Account
- Long-Term Savings for Spending
Meron akong in-add na jar later on: Emergency Jar
Things to prepare:
- 6 jars
- white envelopes (na kasya ang peso bills)
- index cards
What To Do:
- Create Name Tags and place one tag per jar
- Every sweldo mo, compute for 10% of your salary. Para di ka mabigla, start with your net salary (salary after taxes).
- Place the equivalent of 10% of your salary inside each white envelope.
- Indicate the date and how much money was placed on the index card.
- Place the envelope and index card inside the jar.
- Do this on the next pay day.
Ang tip ko dito, lalo na kung first time mo itong gagawin, bumili ka talaga ng jar.
Dapat physical. Dapat visual. Dapat yung nahahawakan mo.
According to an experiment, merely touching bills affected the participants both physically and emotionally. [Touching physical] money dulls physical pain and eases the sting of social rejection.
Since new habit ito for some, the more physical ang activity, the more engaging. The more the new habit will stick.
So ano naman ang ibig sabihin ng mga Labels ng Jars?
I’m glad you asked. Here they are.
Kadalasan hindi na napupuno ang Necessities Jar kasi direchong bayad na yan sa Living Expenses.
So, I did this system for 1 year.
True enough in 2010, I was able to:
- Invest in the stock market with initial capital of 24,000
- Enroll in a short course in Ateneo on social entrepreneurship worth 18,000
- Enroll in 4 short courses in Music in UP Diliman worth 22,000
- Zero debt
- and achieve many more short-term financial goals
Since then I’ve been doing the method. Until automatic na siya. Pagdating ng sweldo, funds transfer na lang.
I have multiple accounts, one per “jar”. I also track using Excel.
For goals na very short-term (target is less than a year to a year, physical jars method pa rin)
Personal money management cannot be simpler than this. It should start with this habit.
I am so passionate in sharing the Money Jars lalo na sa mga gusto talaga mag-ipon o mag pundar.
Kaya gumawa na ako ng downloadable PDF file explaining the Money Jars.
You too can download it here: [The Money Jars Edition 3]
Do the Money Jars and pay yourself first.
Mag-start ka na! Now na!
P.S. Meron palang situation na papalpak ang money jars. Yun ay kung wala kang income. So it goes without saying na you need to be working hard to earn money. However by doing the money jars, your money will eventually work hard for you.
Do you have comments or questions?
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- Would you like to know how I made 300k in 3.5 years?