This decade began on a really great note!
I came across this book called The Kakeibo which is the Japanese art of saving money and 2 months down, I do see some discipline in my spending.
It suggests asking these 4 very important questions. I wish I knew this before!
As Indians, we used to be very very good at saving money and hence growing them into bigger funds.
Look at what our moms did?
The monthly expenses would also accommodate kitties and savings and thereby the housewives would also successfully end up saving real good money by the end of every month.
Women are therefore known to be great managers. They know the art of minimalism, and running the household lavishly in a middle house income, was a cakewalk!
Our generation, sure lacks this skill. The savings are almost nil and expenses are over the roof. The credit card bills are a pain and the unending loan EMIs leave us with nothing by the 10th of every month. Further, until the end of the month, it sure is a struggle.
I am sure we all are in a similar situation if not same.
Planning Expenses, investments and savings is a skill.
Warren Buffet has quoted :
Do not save what is left after spending; instead spend what is left after saving.
And to follow this one principle, I picked up this book. Kakeibo has really helped me visualize!
Visualization is the first step of achieving something. We have a habit of swiping our cards left right center, losing track of what we spend.
The secret of saving money is to break the month up into weeks and plan for a single week at a time. Further break it into days of the week and plan the days accordingly. This visualization, at the start of month / week is really really helpful.
This exercise has gotten me on a great start to the year and i hope I improve my saving habits.
I highly recommend this book / saving journal to all. I'll revisit this review by the end of 2020 and have an update!
You must invest in this book to begin with, and once it becomes a habit, you can maintain your own ledger
I wish and hope a very happy saving and wonderful plans thereafter~!
Rating : 4/5
I came across this book called The Kakeibo which is the Japanese art of saving money and 2 months down, I do see some discipline in my spending.
It suggests asking these 4 very important questions. I wish I knew this before!
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| Courtesy: Google Images |
Look at what our moms did?
The monthly expenses would also accommodate kitties and savings and thereby the housewives would also successfully end up saving real good money by the end of every month.
Women are therefore known to be great managers. They know the art of minimalism, and running the household lavishly in a middle house income, was a cakewalk!
Our generation, sure lacks this skill. The savings are almost nil and expenses are over the roof. The credit card bills are a pain and the unending loan EMIs leave us with nothing by the 10th of every month. Further, until the end of the month, it sure is a struggle.
I am sure we all are in a similar situation if not same.
Planning Expenses, investments and savings is a skill.
Warren Buffet has quoted :
Do not save what is left after spending; instead spend what is left after saving.
And to follow this one principle, I picked up this book. Kakeibo has really helped me visualize!
Visualization is the first step of achieving something. We have a habit of swiping our cards left right center, losing track of what we spend.
The secret of saving money is to break the month up into weeks and plan for a single week at a time. Further break it into days of the week and plan the days accordingly. This visualization, at the start of month / week is really really helpful.
This exercise has gotten me on a great start to the year and i hope I improve my saving habits.
I highly recommend this book / saving journal to all. I'll revisit this review by the end of 2020 and have an update!
You must invest in this book to begin with, and once it becomes a habit, you can maintain your own ledger
I wish and hope a very happy saving and wonderful plans thereafter~!
Rating : 4/5
Nice blog!Your is very informative.Want to build wealth and become rich ? here is a blog post on how to build income by saving money over time.
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