The cookie jar approach

The "cookie jar" approach is a metaphorical strategy used in personal finance and budgeting. It involves dividing your income or budget into different categories, much like separating cookies into different jars. Each "jar" represents a specific expense or savings goal, such as groceries, rent, entertainment, or emergency funds. By allocating money to these categories and only spending from the respective jars, individuals can better manage their finances and prioritize their spending according to their needs and goals. This approach helps prevent overspending i

Areas it can help in: money investment, saving, creating wealth, simple

Additional Exploration: https://www.thehindu.com/business/Economy/the-cookie-jar-approach-to-investing/article17326965.ece