Learning Gail Vaz-Oxlade’s Money Jar System
The road to getting debt free for me started with watching Gail Vaz – Oxlade’s Till Debt Do Us Part. Gail has a common sense approach to dollars and cents and her show takes couples and teaches them how to live on a cash budget and get out of debt fast. Watching her show gives you an easy formula to follow for your own debts.
Living below your means, spending with cash, watching your spending and putting away money for the future are things most people don’t do. Starting a money jar budget system taught me to really watch how our money is being spent and it’s not constricting; instead it’s actually liberating to see how easy it is to get by with our new method of thinking and spending.
Thanks, Gail!
PS: Buy one of Gail’s books!
Hi I was wondering if there is a book or website that explains how to break down the amounts to be placed in each jar, based on an individuals income.
Thanks,
Hi Daryl,
I’m not aware of an exact formula (although I’m betting many financial gurus do have books that tell you how much you should be spending) but it’s a good idea as a start to:
1) make a list of all your expenses that don’t change monthly
2 make a list of all your variable expenses
3) set goals for savings, ‘fun’ funds, and debt repayment on an accelerated schedule
Try sticking to that budget.
Looking at how you’ve been spending and then trying to tighten your belt is a good way to start.
It may take a few weeks for you to find a way to balance it.
Good luck!
Gail has a website with a budget builder and you punch in your own amonuts and it automatically calculates it for you. Hope this helps
Whats the name of the website with the budget builder? Please and Thank You Debbie
Here are some of Gail’s resources:
http://www.gailvazoxlade.com/resources.html
i was just on this site: http://www.money-saving-ideas.net/money-jar.html
there should be a link that brings you to a free Interactive Budget Worksheet that will calculate how much hould be in each jar!! hope that helps
[...] etc, I use this Build a Budget template by Debt Til We Part creator Gail Vaz-Oxlade. It uses the jar system to divide your money into sections to show how much you should spend on the different areas of your [...]
Gail, I love your shows. Last night(8-6-11) on “I’m a Princess” you had a 35 yr. old gal who wants to earn a living singing. She really took the cake and I was so glad that you didn’t give her anymore money. I thought her helping out with homeless people would wake her up to the fact that she will be one of them unless she changes her ways, but I guess she isn’t smart enough to know that was your purpose in having her work there. Your brutally honest confrontation was great and we don’t mind cuss words being bleeped out. ha, ha Maybe she’ll have to go home to live with mummy and daddy until she gets her singing job. It might be a long time because her singing isn’t that great. Where can I find her ex-boyfriend? He is really a nice person and deserves someone who doesn’t take advantage of him like that. I hope he has quit her for good and I hope your shows will continue airing. Thanks, Dorothy
Hi Dorothy,
This site doesn’t belong to Gail. I love her show, too! Her site is at:
http://www.gailvazoxlade.com
Maybe the best Christmas present I could give to newlyweds would be a set of those preserving jars and one of Gayle’s budget books?