Don't miss this Japanese secret if you want to be at least 35% richer in the new year!
A money-saving technique from the far East is sweeping across Europe, as people learn of its ability to radically improve their financial situations.
You can use this secret from Japan to help yourself become richer.
You may have never heard of kakeibo, but this 114-year-old Japanese money-saving technique is being used by thousands of Britons.
It's a way to set up a budget, but it's not just about planning, it's about inspiring you to think big and enabling you to achieve goals – like taking a vacation, buying a new car, paying off debt and owning a new home.
And what's more, this method is surprisingly simple.
How kakeibo works
“The premise is simple: at the beginning of each month you sit down with your kakeibo notebook and think carefully about how much money you intend to save and what you will have to do to reach your goal,” explains the publisher of the book “Kakeibo: The Japanese Art of Saving Money.”
Literally means “family ledger” in Japanese, and now people can buy the English version
These notebooks were first introduced in Japan in 1904 by reporter Motoko Hani, but they actually went far beyond their original purpose of recording household expenses.
Because the secret to these notebooks' widespread acceptance and lasting popularity is that they make users think.
Kakeibo will divide your expenses into four categories:
1. Survival – food, children, transportation, warmth.
2. Optional – things like coffee, shopping or eating out.
3. Culture – books, TV, magazines and movies.
4. Extras – gifts, repairs, household appliances…
Once you know where your money is going, you have four questions to answer:
1. How much money do you have?
2. How much do you want to spend?
3. How much money will you actually save?
4. How do you improve that?
You can create your own notebook, or buy a pre-printed one that's packed with advice, tips, and motivation from financial experts, bloggers, and business journalists.
Benefit
Proponents of this technique say that just thinking about where you spend your money, as well as other spending choices, can increase the amount you can save by up to 35%.
Of course, you don't need a kakeibo book to do this, but the simple format of the book will help you pinpoint the exact amount of money and make you think carefully.
And that also means you're equipped with the information to make much more informed decisions than before.
