Kakeibo
Kakeibo (Japanese: 家計簿, Hepburn: kakeibo), is a Japanese saving method. The word "kakeibo" can be translated "household ledger" and is literally meant for household financial management. Kakeibos vary in structure, but the basic idea is the same. At the beginning of the month, the kakeibo user writes down the income and necessary expenses for the month ahead and decides some kind of savings target. The user then records their own expenses on a daily basis, which are added together first at the end of the week and later at the end of the month. At the end of the month, a summary of the month's spending is written in the kakeibo. In addition to expenses and income, thoughts and observations are written in the kakeibo with the aim of raising awareness of one's own consumption.[1] Kakeibo can be a finished book or self-made.
History
[edit]Kakeibo was developed by the Japanese journalist Motoko Hani who published the first Kakeibo in a women's magazine in 1904.[2]
Basic concepts
[edit]The whole method revolves around four main questions:
- How much income?
- How much to save?
- How much is spent?
- How to improve?
Furthermore, expenses can be grouped into four categories:
- Essentials (e.g. food, clothes, rent)
- Non-essentials needs (e.g. takeout meals)
- Cultural (e.g. museum, books)
- Non-anticipated (e.g. health appointment)
References
[edit]- ^ "Kakeibo - säästämistä japanilaiseen tyyliin". raha.fi (in Finnish). Retrieved 2018-09-18.
- ^ Isak, Christopher (2021-12-16). "Kakeibo: A Guide to Money Management". TechAcute. Retrieved 2021-12-25.