Necessities jar is your living jar. The maximum shall be 60% of your net income. The expenses in this Necessities Jar are all the expenses or commitments that you need to pay every month.
It includes;
· Food
· Home payment – mortgage, home loan or home rental
· Loans – car loan, personal loan, cash reward loan
· Utilities – electrical, water, Indah Water, Astro
· Communication – telephone, mobile, data
· Transportation – petrol, tolls, public transport monthly pass
· Monthly kid’s fee – childcare, school fee, tuition fee
· Credit card payment