By Abbie
The purpose of the money jar is to
help you handle your money better. How
often you put money in and how much is totally up you. With a jar holding your money so that you can
actually see how much you have, it makes it easier to make financial
decisions. You need to be smart when
you're spending, and this jar helps you keep track of your money easier. It's a wonderful budgeting idea for those who
have never found another way that works for them. If you try it and it's not for you, at least
you know you gave an attempt.
One really cool things about these
jars is that it's close to home. Years
ago, back in the 30s, when society was going through the Great Depression they
lost a lot of their money. Many still
have trust issues with the banks because of that, so when it comes to this jar,
you have the money safe at home with you.
Now that's not to say you can't have bank account open, but at least you
have money on the side in case something happens.
Now there's always ways it can go
wrong. Like, people can just reach into
this jar and take your money with ease (as long as you and/or your family
aren't watching) and the jar is fragile so it can be broken. A thief could come in a take the jar easier
than if it were a safe as well. Overall,
however, I think it's a pretty good idea and the concerns I mentioned above
aren't very likely anyway. Just be
careful and if you're really worried, put it somewhere safe where you and your
family can get to it easily.
http://www.gailvazoxlade.com/articles/budgeting/magic_jars.html
