Financial Wellbeing
Mintr/shutterstock.com

Managing your money using the jam-jar approach

No 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

 

For more information, please visit the link below

Managing your money using the jam-jar approach

 

Content provided by the Money Advice Service