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!