MORE IDEAS FROM THE ARTICLE
This Japanese approach to managing household spending may be over 100 years old, but it's as relevant as ever.
Kakeibo translates as "household financial ledger" and is a simple approach to managing your finances.
For the past 116 years, kakeibo has been effective in helping people make smarter financial decisions.
Budgeting is simply balancing your expenses with your income.
It's a plan for the coordination of resources and expenditures. When you budget your money, there’s a desired outcome. And being able to track your spending should ultimately move you in the right direction towards meeting your financial goals.
It is possible to make a budget work while still saving enough to retire. It starts with learning to change your habits so you can put money aside.
It is not that easy to make any sort of real, lasting change in your habits. You will have a few setbacks, and that's ok.
❤️ Brainstash Inc.