Have you ever felt like your spending got away from you? In an age of automated payment systems and apps like Venmo, it’s easy to lose track of spending quickly. While auto-payments take the stress out of bills, they can also lead to mindless spending. This makes it hard to save money or prioritize funds for what really matters and what's best for your family.
This is why it’s so important to practice mindfulness. Every aspect of your life can benefit from mindfulness, but your finances deserve special attention. If you’re looking to add more intention to your budgeting routine and build more mindful money habits, you may want to try the Japenese practice of kakeibo. The word translates to “household finance ledger” and helps you track expenses on pen and paper, achieving your family's goals with intention.
First, you’ll ask yourself these four questions:
How much money do you have available?
How much would you like to save?
How much are you spending?
How would you like to improve?
Next, you’ll categorize your expenses into four main categories: needs, wants, culture, and unexpected expenses. From there, you’ll track all expenses and savings, keeping the future in mind and learning to improve every month!
To get started, download this free kakeibo printable journal.