Kakeibo: How to save Japanese money up to 35 percent

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Although already aware of the importance of setting aside a portion of income, but still, there are still many people who have difficulty managing finances. In other words, saving is a difficult thing for the majority of people. Well, if you don’t want to keep going like them, try kakebo.

 

What is Kakeibo?

Kakeibo is a Japanese money-saving concept of up to 35 percent. This concept was discovered in 1904 by Hani Motoko, a Japanese journalist. Now, the concept of kakeibo is increasingly popular after the writer Fumiko Chiba released a kakeibo guidebook in English.

Compared to other money-saving concepts, kakeibo is simpler. At the beginning of each month, you only need to check how much money you actually have. Check carefully what you get, from a fixed salary, bonus, or other additional income.

Next, plan exactly how much money you will spend, how much to save, and write … Read more

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Accounts Payable & Accounts Receivable

Accountants understand the differences between accounts payable and accounts receivable. If a company does not understand, then it will go bankrupt. So, why don’t individuals really understand the difference? If you look up the origin of the word, Economics it refers to household budgets. The original economics was based on how a family would manage its bills. Something has led people to think that economics is only what bankers do.

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And, that is part of the problem. The world relies too heavily on high level bankers. Individuals, businesses and governments need to understand how accounting works also. Individuals, businesses and governments all have credit scores. Knowing the … Read more