Jan 27, 2025, 02:58 PM IST

This Japanese technique helps you save money

Apurwa Amit

If you want to save money, then this Japanese technique is for you. By using this technique you can change your life. Here's how it works

Kakeibo is a traditional Japanese budgeting method that encourages mindful spending and saving by keeping a record of all expenses.

The practice involves setting financial goals at the beginning of the month, helping you focus on what you want to achieve.

It promotes awareness of your spending habits by categorizing expenses into essentials, non-essentials, and savings, allowing you to see where your money goes.

 By writing down every expense, Kakeibo encourages reflection on your purchases, helping you identify unnecessary expenditures.

The method emphasizes the importance of saving by setting aside a specific amount each month, fostering a habit of saving over time.

Kakeibo can be done using a notebook or digital apps, making it accessible and easy to integrate into daily life.

It encourages a more mindful approach to money management, leading to reduced financial stress and a greater sense of control over your finances.

This information is not DNA's opinion but obtained from media reports