Ep 31 - Kakeibo - The Japanese Art Of Saving Money

<p>In this episode, we talk Kakeibo! The Japanese art of saving money! This is one of the most well known and interesting methods out in Asia that helps you manage your finances with a unique twice. It helps take a minimalistic approach to things that help you clutter things that you do not need out of your life! </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p> </p> <p>Show Notes:</p> <ul><li style="font-weight:400;">What is Kakeibo? <ul><li style="font-weight:400;">It means household financial ledger <ul><li style="font-weight:400;">A simple approach to managing your money. Just a pen and paper are needed</li> </ul> </li> </ul> </li> <li style="font-weight:400;">The point is to physically write things down to meditate and reflect upon your spending habits  <ul><li style="font-weight:400;">It's easy for a computer or an app to do it all for you and just view it on a chart or graph. But the point for actually doing it yourself, you get a different sense of things.</li> <li style="font-weight:400;">Actual research shows there is benefit to writing it by hand rather than a computer doing it </li> </ul> </li> <li style="font-weight:400;">According to the kakeibo method, you m