Kakeibo: How to save Japanese money up to 35 percent
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 down what needs to be done to ensure you can fully commit to the plan that you make yourself.
After that, separate money into four categories, namely:
- Survival, namely food, household needs, transportation, rent, and health.
- Optionally, including eating out, clothes, and purchasing hobby items or collections.
- Entertainment like buying a