Those of you who have followed me for a while will know how much I love the kakeibo budgeting journal. Discovering the Japanese art of mastering your money really was a turning point for me.
I learnt to see my money in a new light. No longer something scary or menacing, but something softer and infinitely more malleable. Money’s role in life cannot be overlooked, but you can develop a better relationship with your cash by learning to see it as an ally and not an enemy.
Kakeibo was invaluable in helping me see this, but it isn’t without its flaws, that is to say, one flaw in particular…
The creation of the kakeibo (pronounced kah-keh-boh), which literally translates as ‘household finance ledger’, is credited to Hani Motoko, Japan’s first female journalist. It was her belief that financial stability is essential to happiness, and in 1904 she published her accounting book designed to help Japanese housewives manage their budgets. In Japanese culture women are usually solely responsible for money management, handling all the families financial affairs. Since it’s publication, the Kakeibo has become an essential part of everyday life in Japan and is fast catching on here in the Western world, here’s why….
How often do you find yourself reaching payday with nothing left, dipping into your overdraft or putting everyday items onto credit cards? Too often? Then it’s time to take control of your spending!