Kakeibo: Managing Finances in the Style of Japanese Housewives

[Suba]

Kakeibo means a ledger or household financial record, which is a method of managing money introduced by a journalist named Makoto Hani in 1904. In principle, kakeibo is a ledger to record income and expenses, but it must be handwritten so that we are aware of every expense.

To apply the kakeibo method, patience, perseverance and strong commitment are needed, so that we will never forget to record daily expenses and every receipt or income and immediately set aside the amount of money to be saved. The remainder of income minus savings is consumption and is divided into several categories such as
- Survival/basic needs
- Optional/secondary needs such as entertainment, hanging out at cafes or eating at restaurants
- Cultural, such as buying books, school fees/courses etc.
- Extra such as giving gifts, presents, donations etc.

 

[Starmix]

That will be good but I have to maintain my methods in handling my finances. I learned to manage money matters when I was 11 years old. However, I may also like to explore that Japanese Method. Aja!!!