Kakeibo - Deepstash

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I tried 'Kakeibo': The Japanese art of saving money-and it completely changed how I spend my money

Kakeibo

Kakeibo

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.

527 SAVES


EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Money Hacks

# Writing every transaction down

# Using a spreadsheet to track your spending habits

# Loving credit cards

# Never thinking of purchases in terms of *present* value

# Studying computers (there are loads of unfilled computer jobs)

# Using tools that aggregate all of your accounts into one place.

Salary is not the same as savings
Having a high salary does not automatically make you rich; having a low salary does not automatically make you poor.

Your net worth is more important than how much money you make. It’s amazing how many people don’t realize this simple truth.  All that matters is how much you save out of your salary.

Saving is more important than investing

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.

Live below your means...
....not within your means. 

The only way to get ahead financially is to stay behind your own earnings power.