Managing your money using the jam-jar approach
Financial HealthNo matter what your income or financial situation, it makes sense to stay in control of how you spend your cash. The jam-jar method– dividing your money into separate pots for different expenses – is a great way of making sure your bills are covered and your money goes exactly where you want it to.
- Before you start – draw up a budget
- Choose your spending priorities
- Using real containers such as jam-jars or envelopes
- Using separate bank accounts for different types of spending
- Opening a jam-jar account
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