Wealth Plan/JARS System

 If you need assistance budgeting I recommend starting with the below strategy. I set up all the separate accounts through Ally bank as it is free and easy! 

  1. Check out the detailed JARS system HERE

  2. set up RightCapital, link all your accounts, and create manual budget types for all the JARS (except necessities as this I just keep in my regular checking account)

    1. make sure to include the total budgets for the month

  3. categorize as you go through the month (there’s a smartphone app to make it easy)- this helps you see everything you are spending on and compare it to your budget for the month

  4. around the first of the following month go back through ALL your transactions and make sure they are ALL categorized

PRO TIPS 

  1. the first month just categorize your spending - don’t worry about the numbers at the end of the month

  2. going forward still do all your categorization after the month ends then the next time you get paid you can do all the transfers to/from your JARS

  3. If you want/need to make a big purchase that isn’t in your monthly budget just add the available balance from your budget to the balance in that JAR account in your Ally account (have the app on your phone) and then you can comfortable and instantly make decisions

  4. It is good to set up how you will split a Bonus/Dividend because when you get a bonus your necessities don't magically go up as well.