You have decluttered your home and are now ready to change the rest of your life. Today, I bring information on financial well-being.
Podcast Episodes on our Financial Well-being Series:
Episode 34 on How Finances affect Burnout
Episode 35 on What is the Japanese Kakeibo Method?
Episode 36 on How to Mindfully Shop
Episode 37 on 5 Things I no longer purchase since simplifying
What is Kakeibo?
Japanese philosophy known as “household financial ledger”
Steps
1.Start each month by recording fixed income and expenses
2.Set a savings goal for the month
3.Record expenses into 4 pillars:
1.Survival: necessary expenses such as housing, groceries, medical/healthcare, transportation
2.Optional: things you don’t need to do but choose to do such as eating out, restaurants, bars, shopping, luxuries
3.Cultural: cultural events such as books, movies, shoes, music
4.Extra: irregular and unexpected costs such as repairs, gifts
At the end of the month, ask yourself 4 questions:
1.How much money do I have?
2.How much money would I like to save?
3.How much money am I actually spending?
4.How can I improve on this?
The more money you save, the higher quality of items you can buy in the future
Lets curate a life we love with intention and joy my friends!
