4 important steps toward managing money.

This Japanese approach to managing household spending may be over 100 years old, but it's as relevant as ever.

• Survival: necessary expenses such as accommodation, groceries, medical, etc.
• - Culture: costs incurred by cultural activities, such as reading, films, theatre, music concerts, etc.
• - Optional: things you don't need but choose to do, such as restaurants, shopping, having drinks with friends
• - Extra: unanticipated expenses like birthday cards , repairs, replacements