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The idea behind kakeibo is to help you understand the relationship with money by keeping a ledger with all incoming and outgoing transactions.
The difference from other budgeting systems is that kakeibo emphasizes the importance of physically writing things down as a way to observe your spending habits.
SIMILAR ARTICLES & IDEAS:
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There are plenty of financial and budgeting tools and apps that can help us manage our funds, keep track of our expenses, and trigger us when we are off-track.
Simple hacks like carrying a debit card or cash instead of a credit card, or deleting our card details from shopping sites can help us avoid spending impulsively.
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Pay yourself first is such simple advice, but so few people do this.
The best investment decision you can make is setting a high savings rate because it gives you a huge margin of safety in life.
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