The Japanese life style is spot on. I own my home on an acre of land, own my vehicle outright and raised a child by myself. I have never made over 40k/yr. Currently I have no debt accept a house payment of less than $500/mo. and now work 30 hours per week. I am an artist and use my surplus time to create and spend a lot of time with my grand babies. This is how life is supposed to be.
This comment is too sweet, I think you're spot on with this sort of approach at life. Finding a balance between leisure, work, and managing your time effectively leads to a fruitful, satisfying longevity in life. Best wishes to you and your family!
I notice that people always talk about subscriptions. I just buy a gift card for Netflix and add it to my account and never have to worry about it for months. Maybe at Christmas or birthdays ppl should ask for gift cards for their subscriptions or other entertainment so that it's one less thing to deal with during the year.
@@natalee6654 Lol, it is ok. I got excited for a minute, but I am switching over to Visa Debit cards now. No more lines of credit/ debt. Only spending my own money. Thanks for the chat!
What I've learned from budgeting in my 20s: -buy 2nd hand as much as possible (there's a chance someone out there is getting rid of the item you want in great condition) -eating out is a luxury so I treat it as such ( I will not pay for takeout. If i'm eating out it's for the experience, so i'm going to go out & enjoy it. This means, no fast food for me) -meal planning is the key to not overspend on food/ waste food -when people would ask me what I wanted for the holidays or my birthday, I would say "anything, is fine" or "whatever you want." I quickly realized how doing that just made me end up with a home full of clutter & things I didn't necessarily want. Now, I actually tell people what I want/ need and these are all items that would be put to use :)
Ugh....maybe just a group meal for all the people you love...spare no expense..you've got pictures afterward and nobody spent hours running around looking for things
Yeah I really dislike that I end up with a lot of random items at home that I don't use because I don't need them. My group of friends would usually get everyone to write a wish list of things they wanted, and the group will chip in to get one thing from the list for that one friend. It's so much better that way rather than giving and receiving a few small random items.
I had 2 colleagues, who always brought me some products from their gardens - I was born in summer - in July, and I'm vegetarian, so these were the most precious presents that made me the most happy. They saw my real excitement, so they were keeping bringing me their fruits and vegetables ❤
When I was a young married woman, 50 years ago, I had a neighbor, 96 years old, from Russia, still doing her own yardwork--which is how we met. She told me pay my savings account first and then only spend cash. Some of the best advice I ever got. One of the things I've seen is that when people are struggling financially, they don't think they can budget. Huge mistake. That's when you need to budget the most. It helps you live in financial reality. Hiding from it leads to disaster.
I have done the same my hole life. I give my self an amount of money every single monday.. And them I can use just as I want to, but they will have to last until next monday morning. Actually I have a pretty "sweet" little savings from these "pocket money" over time, so today I am able to buy like a new laptop or phone or whatever from these pocket money. It is SUCH a great feeling when I do these buys, just to me.
When my children were younger, before we left to go anywhere, I would pack an ice chest with water, juice, fruit and healthy snacks. It helped to cut down on buying unhealthy snacks or drinks at the store and on purchasing fast food. My children are now grown, I still do the same thing for me when I’m going to be going out for a day of errand running. I will pack an ice chest and have water and/or herbal tea or iced coffee as well as healthy snacks. If I know I’m going to be gone for a longer period of time I will even pack a lunch and take a book so that I can go somewhere nice and have my lunch and do some reading. A dual win, saves money and is healthier!
Here in the Philippines, most people hate the thought of writing down expenses as they do not want to limit their "happiness". This is the reason why most are hoarders, even my father is still keeping a closet of old, outdated, and weared out clothes in the closet. He is having a difficult time disposing items that he bought, whether they were bought in cash or in loans. I am trying to change his mindset little by little. I now write down our expenses on a calendar located in the kitchen so he can view the monthly expenses especially the electric consumption. We use a prepaid electricity system and I am the main payer, so I have to write down the paid amount, whenever I add credits. I noticed he is doing his part in saving electricity consumption, turning off lights when not in use, unplugging appliances after using them, this does help save a little amount and I am thankful this one works. Yes, I agree that financial journals, whether personal or for my part, household (via our kitchen calendar), does save money. If we cannot increase our income, then live by the budget. Thanks for this video. Wonderful job.
Omg same here. Glad that I am not the only one. My mom documented all her daily budget in a journal. I do our monthly budget and yes my husband gets allowance, not based on how much he makes though. He gets a very small amount. We rather invest most of the extra money, and we have no debt. Feel blessed.
I keep a small spiral-bound notebook to keep track of my budget, appointments, and to do list. Been doing it for years. My wife uses a phone. My method works -- her's not so much.
@@overcomer4226 Some people like my wife’s sister look at us as a free meal ticket,as she will try to get anything from us for free,she will take our kindness as a weakness,eg, when we shop for things for her mother she will just throw personal things for herself in the shopping cart so we end up paying for her crap ,my wife’s family is from Thailand and they are quite poor but not starving,we send some money to my wife’s mother when needed and this sister will try to get her filthy hands on it when the opportunity arises ,Her husband is a lazy worthless pos just like her and does not really have a real job ,but her sister feels that she is entitled to my wife’s wealth so yes some people like my wife’s sister will do anything for money ,so there are a lot of scummy people out in this world
When I was 29 I had one gas credit card (more common back then, I haven't had one for years). I once misplaced a bill unknowingly and had to pay about $1.85 in interest. I was so mad at myself. I'm 72 now and that is the only credit card interest I've ever paid.
I use an excel sheet to manage my budget. Right after receiving salary, I put them in separate bank accounts for saving, investing and daily spending. It works well for me.
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Despite enough savings and investing in supposedly 'recession-proof' stocks with strong profitability and low debt, my $200K portfolio has dropped 20% this year. I'm reevaluating my strategy and considering a refresh. What's the best course of action: diversifying across sectors, rebalancing my asset allocation, or exploring alternative investments like bonds, ETFs, or real estate to revive my portfolio's growth?
Embracing a growth mindset and seeking guidance from a licensed financial expert, you can navigate uncertainty and make progress toward your savings objectives up to 300%
Rebecca Noblett Roberts is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Some of us save to buy at Costco because the grocery bill is reduced overall if you can wait to buy in bulk. Shopping single serve is incredibly expensive in the US, so always be careful of just assuming a low absolute cost in the short run is saving you money. Over the course of an entire month, the carefully selected items from Costco are the only reason my basic groceries stay affordable.
That’s what I started doing 2yrs ago and it allowed me to stock up. My family stopped eating a lot of pork and red meat. I started buying cases of chicken. On Super Bowl weekend I went to Sam’s and they had a 10lb bag of wings for $17!! I put everything in my basket back and bought 2 cases of wings 😂😂. One case of wings regular price was $195. Buying it on sale, I bought two cases. Employees were using dolly’s taking wings in the back for themselves 😂. I called everyone I could think of telling them get to the store NOW. YES buying in bulk saves a lot of money! It was so funny because one neighbor left a Super Bowl party to get wings😂.
For some things buying in bulk makes sense. If it can all be used before it goes bad. It doesn't do much good to buy in bulk and only use half before it has to be thrown out.
My house is 400sqft. I paid cash. I have no debt I have no car I have no TV I have no microwave I have no couch I have no credit cards I have no student loans I make $3800 a month My living expenses are $800
@@PInk77W1 With strict discipline for years, I can see the house payment in cash. But final living expenses to include food, insurance, utilities, basic necessities, public transportation unless you walk or bike...that $800 is not monthly unless you are single.
@@sammyytube5999 I’m single. I have no car. I’m 60 and yesterday I rode my bicycle 84 miles. I have no insurance. I don’t turn on the A/C till around 95 degrees. Yesterday it was 90. I open all the windows from 5am till 7am. Let all the cool air in. Then seal the house. At 4pm my house with no Ac was 72 degrees in and 92 outside. This town is small. No public trans.
My monthly - rent(includes water)= $500, food = $100, phone/internet = $45, electric = $40....no debt, no car, no AC - I live in the USA. Many of us live @ $800 a month.
And kind of how much you invest - you are totally right! Some of the best info out there! Enjoy your day Steven - regards from a small finance channel feel free to check it out but you do not have too:)
@Kevin McCormack some money works to protect you from emergencies by being there when you need it. It’s job is to save you. Rainy day funds. But yes you should get to place where most of your money goes to make more money.
I used to write down every dime I spent when I was in grad school...even money I used in vending machines. I really need to get back to this immediately!!!!!
Have not seen your channel for a while Erika. I left Beverly Hills a year and a half ago, and moved back to Thailand to live. I have always admired the ‘easy living’ lifestyle in Asia, and enjoying life daily now. Come December, I am taking a trip to Hokkaido Japan, and Hanoi Vietnam, and looking very forward to it. Life is good as long as you prepare for it.
Saving Tipp: take a bottle cold water from your fridge before you leave the house. Buying water on the go is not necessary! Same thing is thoughtful in regards of coffee, I can’t imagine spending 7 dollar at starbucks.
I always smile at the simplicity of good ‘old fashioned’ pen and paper. The irony is that apps often take more time to do simple tasks. Thank you for sharing this…. 💕🙏🏼💕
I used to do this and fell out of the habit. I think I really need to go back to this as I've noticed an excessive spending habit that caught be off guard these last few months. Thanks for the reminder!
My Indian grandfather got paid on Friday evenings and brought home his paycheck to my grandmother. She then gave him an allowance and used the rest for savings and household spending.
That was the traditional way. Women were always in charge of money in a hindu household till globalism ruined it. My mom grew up in a colonial minded household inspite of being hindu didn't know how to budget and was absolutely pitifully dependent on my dad who was raised in a household where women were in charge of not just money but managing all the members including any employees.
@@jcman240 It's a contradiction tho, right? Because the wife is supposed to make the husband's life easier. Generally, that means maintaining the household. So if she took control of the household finances.... then she's arguably *doing her job.* ❤❤
@@jcman240 it’s not beta. That’s how society worked for years. That’s how it’s supposed to be because well as the man aka the provider we don’t have time to think about budget because we are at work. Our other half takes care of that. This makes life easier and home life peaceful and successful for the whole family.
This is a great video. I actually came across this when I was researching different types of budget and expense trackers on TH-cam. This is super practical and a lot of common sense. This is something my grandmother taught me and she grew up during the Great Depression.
I was born to Japanese parents in America and they definitely raised me to be minimalist. I really just don’t like spending money except for absolute necessities or on investments. I still drive around in a 17 year old beater because I don’t like replacing things that still work. And I also don’t buy new clothes or shoes until the ones I’m wearing become unwearable. Usually my wife throws them out when she becomes embarrassed by them.
Could you please make more content about Japanese culture / attitude towards money? I appreciate the simplicity and would love to hear more examples similar to what you shared about your grandpa!
I would encourage everyone to take this advice. I used this budget method (without being taught it). I am 68yrs old and married for 43yrs and my husband tells his friends that his wife made him a rich man because she looked after his money so well. ( Most of my married life I was at home with my children )
This video has inspired me to be better with my money. I waste so much with always putting my convenience first. Instead of cooking or eating leftovers I end up eating out or getting Uber Eats… and then I justify it by saying I’ve had a rough day. Thanks for making this video.
lol,,, the take out food is Awful! where i live. (small boring town). living in a boring place has helped me with money,,,, but im older and prefer less hub-bub. just sharing that location helped me not to spend alot. (it's not for everyone, but i got used to it).
Erika! I will be sharing this w my granddaughter!! She is starting her "real" job as a summer lifeguard this Sunday. She will get her first paycheck in 3 weeks! Thank you so much! I will introduce her to channel!!
Years ago, people did keep ledgers. People need to stay home more, and stop running around all the time looking for ways to piddle away ones hard earned wages. It sad but true. Set Goals.
@@pickles9440 I would go stir crazy if I didn't get out of the house, so I just go window shopping, or go for a walk. I've been trying to be diligent about only buying what I need. I don't always succeed. But yeah, dusting, cleaning, etc gets to be mundane after a while. Go for a drive. Go for a walk. Have coffee with a friend. Pack a picnic and go to a park.
@@monikabennett not miserly. Just not spending every cent made. People need to learn how to save money. I see it so often in the business I'm in. People come in to the shop I work at, needing repairs on their vehicles, but have no money to pay for them. Just in the last week alone three or four customers approved work to be done, but had no funds to pay for it, despite being given a repair estimate, detailing what was needed, and then had to go to some title loan place to get a loan to pay for the repairs. Funny thing is they come in with expensive handbags, clothing, shoes and their vehicles have aftermarket wheels that cost them several thousand dollars, yet they've no money to repair their cars. Their priorities are in the wrong place.
Easy to do. Easier than typing. I do this every month. However, I only use 4 categories: bills, current lifestyle, future lifestyle, retirement. Doing it this way makes it easier to live the way you are now while easily saving and investing for both future lifestyle and retirement. Bills are always last, and being minimalist and frugal by nature, are cheap.
Love the fact you are a young woman championing the old way of budgeting and saving. Makes a change from the onslaught of technology that is just supporting the fast way of living and thinking, leaving no time to actually take time to look inward and take stock 😊
Nice video. It creates awareness. It's amazing here in the US, we are such a wasteful, disposable, entitled and lazy society. Even our aging family members become a burden to younger family members. Our parents and grandparents are walking history books and a wealth of knowledge.
I would have welcomed my difficult parents but they left it all to my brother, who was rich....it worked out very unhappily. They disowned me for living like you suggest as they wanted a child they could brag about to their friends. However, I still love them and possibly it was for the best as I chose to have a big family and am seldom alone with 2 dogs and 7 grandchildren. Remember money can't buy the best, only 2nd best.
Have been doing this for years, but didn't know it was done in Japan, also. I just sat down and figured out what I needed to track to meet my financial goals...and set it up.
I started to write all my expenses at the beginning of this month July 2021 , and what a coincidence i saw your video today ...that made me think that im doing agood job so far
@@kamleigh8102 so true , after i made the planning i realized that i have spend more than 200 euro only in 7 days ( almost 236 dollar ) My goal is to zave some money for my summer trip in Greece for my friend marriage and after that go in Mikonos island to have some fun and if i spend the half of my paycheck them i won't be able have a good time in my trip
I'm from South East Asia and the TH-cam algorithm brought me to your channel. Thanks for the videos and I'm going to try practice your tips and hopefully I can save a good chunk of money in June!
I do the same thing ....I just keep my receipts. Look at them at the end if the week. It snaps you right out of spending excessively. Normally when you know big bills are coming up. Thanks for sharing 💜
I just came across your channel, the $5.34 one. I am on a fixed income and I never have enough money at the end of the month. I will put away what I intend for savings but I always have to go back and use it. I can’t save for car repairs, birthdays, or Christmas. I am going to try your method and use your links to try and save. Thank you for your videos and time to help others.
Been doing this for years. It helps in seeing how my family spends and where to adjust. Learning to live minimal and shopping as needed and not just because I want also helps.
This is true…the mere act of looking daily at spending helps to slow down spending and improve savings. I use an excel sheet, but the principle is sound.
Thank you SO MUCH. I really liked the part about dividing to know how much you have to spend a week. It became so much more realistic to me right then and there. I did my calculations, and because I already splurged a bit, I did my calculations with what I had left, and honestly, it is WILD that I have a reasonable amount to spend in a week, after splurging and YET, before, I would be praying for pay day to come two weeks into the month. It really showed me how much I overspent and that I really need to cut back on my expenses. I'm new to the work world (2nd paycheck) and I'm trying to be wiser for my future. Thank you again.
For me it is the fact that I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
*Marissa Lynn Babula* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
also japanese have a great respect for there elders. I watch in awe as they take care of their elders in nursing homes where they come everyday and sit and comfort them with all kinds of healing techniques from body massages to all kinds of comfort devices. They wait on them hand and foot. Here in america we dont visit our elders unless its maybe once a year for a few minutes. Its sad that it has gone this way.
All of that has to change back to those traditional ways,,,, for the US to be the prosperous, stable, great Country it Used to be. Families lived close,, i grew up in a triple decker,, I never felt 'poor',, i had family on all 3 floors.... you didn't pay babysitters, you walked and were strong. Your family REALLY knew the neighbors, i could just go out walk to my friends house and play there all day or play kickball in someones driveway or the street,,, people kept an eye on the neighborhood kids. And you were never alone,,,it was safe back then,,, we had like 20 kids in the neighborhood that lived close by and we played with,,, some were different ages slightly but it was so darn normal. We took care of our own elders. It's part of life. When families started moving SO far apart,,,, ALOT changed for the worse. I could repeat that part over and over,,, When you can walk to your grandmother's house,, Your Aunt and Uncle live the next street over. We went to church on Sundays and then it was VISITING DAY. No stores were open. That was Truly America at it's prosperous, stable, best time (i don't mean prosperous like rich and fancy,,,, i mean it was liveable you had enough for a nice Easter or Christmas dress. Things lasted.. no computers.... 3 tv stations,,, People TALKED,, Sat on the porch,,, Plaed card games,,, board games,,,, and the evening news was 5:00 and the whole family watched.
My grandfather adored my grandmother and cared for her with hardening of the arteries until she died in his arms. My other grandmother babysat and cooked and always helped her 4 children and grandchildren, but they put her in a home, though she wasn't even sick, where she died heartbroken in an accident caused by a caretaker. Love of money causes this...wanting travel and more and more and more. It's the American Nightmare. They all died the same way...old and in homes. I cared for my husband 10 years with copd and he died surrounded with grandchildren and me at home.
Japan has never let us down. They always provided the smartest solutions to our problems.I always believe any advice that I got from Japan cause it ALWAYS worked.
Some of the best info out there! The Japanese culture is so special! Enjoy your day - regards from a small finance channel feel free to check it out but you do not have too:)
This is traditional American wisdom too. It's more or less what my parents always did. It has just been deliberately suppressed. Notice that government schools in America never teach this stuff? That's deliberate. It's part of the plan to enslave the American people, which has mostly been accomplished by now.
I heard your story of quiting the corporate world and how you're getting by day to day now. You're an inspiration to those of us who are looking for our next fix in life. I've become complacent working in a job that is pretty much endless. I'm no longer bettering myself and my boss has no moral obligation or duty to make me happy. I don't blame him but I do blame myself for sticking around. I have savings but I don't know what I want to do, enough to walk away from the comfortable 40 hr work week. Anyway no point to this other than I really appreciate your videos and hearing your walk through life. I always say health before wealth. Until I'm broke then it's wealth over wealth. I guess it's really all about a healthy/wealthy life balance.
.. .. WITH ALL DO RESPECT .. This sounds exactly like doing a proper detailed budget, living frugally way within your financial means, eventually saving up to a decent amount of at least 3 - 6 months of expenses as a emergency savings account / fund and using cash for mostly everything with no credit card usage .. Sounds a lot like what Dave Ramsey teaches starting with his "baby steps" ... Great info .. really appreciated it! ...
Ah! I'm so glad your talking about this!! I saw this Kakeibo term in an article last week and looked up additional info about the process. The bloggers were mostly promoting financial products and not how it's used. This was explained very clear and to the point! 👍
I did a subscription “correction” for my budget recently and wow! Some companies just do not want to let you go..the process of unsubscribing for one news outlet was near impossible:) I got a very reproachful phone chat and ended with a .99c sub a month deal but really didn’t want it. Banks have a strange way of analysing spending. All of our medical and grocery go under retail when really they are essential monthly.
You have to stick to your guns. Please try again if you want or tell your bank/cc company. I once had to call twice and hold on for almost 90 mins to cancel a news service, but am glad i did. Depending on where you live, there might be a consumer body that you can complain to. I think gyms are the worst, I’m really careful not to do direct debits with them. Good luck and nice you cut costs : )
I've had a written budget for years. Savings first, then monthly expenses, then monies spent during month (via receipts). Whichever way it works for you.
I'm not flirting but your voice is really calming and stuff. Putting aside the fact that I was gonna watch another kakiebo video, yours was just too fortified and enjoyable. Thanks 🖐️
3 yrs ago my sister "made me" start an excel spread sheet & enter every dime I spent. I got a pocket calendar at the Dollar Store. I keep in on my car. Everytime I come out of a store, I write the expense in. At the end of the month, I entered it in my spread sheet.
Convenience is the greatest thing ever in Japan. Don’t worry about that packaging as it will go to the firehouse and be turned into a block. That block is sent to a land fill. In fact some Olympic venues should be held close to the man made island!
@Erika: Great presentation-well done! You are expressing tried and true methods of financial management. I use credit cards, but log every purchase into a numbers worksheet, categorize every purchase so, like you, I know what I owe and can identify my soft spots. Best wishes.
In theory. Though, wouldn’t effective bartering be learning the art of negotiation? If One is going to do business, in the current economical climate - learning to effectively negotiate is absolutely KEY. Learning how to effectively negotiate, is how One will ensure they will maintain and increase their gold.
When i lived in VIetnam, i used to by "Things", than i took a 3 month to Osaka and than back to VIetnam for another 4 years. I am now back in the states and i HAVE to admit that japanese time got me on a serious minimalistic life. Seriously love it too. Its insane how many hours a year we spend stressing or cleaning the same things..
We do almost all our shopping online now. I have a notebook that i always record the date, company, and items bought with prices. It's great to be able to look back a year later to find what i might want to reorder. Then I have another notebook with each page for each month. I divide it up in three columns, then write my repeating bill amounts first, then have different areas that i group things like groceries, gas/petrol, household, garden, etc. Whatever was in the online book goes here and bills as they get paid. I do record it all on an Excel sheet after, nothing better than seeing how month to month and hearly totals compare. I've caught where certain auto pays weren't working by doing this. Sounds like a lot of work, but you just get in the habit. I own my own business too, so it helps me at tax time to have it all ready!
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftAs a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I make it easy to stick to my budget by having (no fee) accounts dedicated to different areas of expense - one is rent/utilities (fixed for the most part), one care for grocery, one for my allowance (coffee, meals out) and another one for shopping (clothing#ousehold items), which I typically do on a seasonal basis to avoid irregularities. Obviously I leave room for spontaneous items, but I find that planning everything eReader of time cuts out impulse buys and I only spend on things I really NEED, or something I want that I knownI will value and keep as opposed to get a quick high off it and toss it a few months later.
Erika, I discovered that book in 2009! It’s now an app, but the books are great! It leads to trimming your budget by cutting out needless stuff. Then using that for investment. Of course, inevitably the greatest thing I leaned in Japan is that you save for the next year’s expenses the year before.
I want to go to JAPAN so bad. I love the culture and the food. i always wonder what the real deal tastes like. Also the people of wisdom. I know there is someone with a quote I can use throughout my life.
Its funny that you mentioned the cash thing because I read somewhere that using cash caused a reaction similar to pain in comparison to using a card etc. You are more mindful using cash because of the physicality of it it seems. Thanks for the video this really inspired me! ❤
Really interesting! This year I'm doing a different challenge every month. I think I will try Kakeibo as one of the challenges. Big thanks from Kobe, Japan!
What's funniest about our consumer-driven society is how far people will go to defend it. We're not taught to manage money. We're taught to buy things and work ourselves to death. Stay in debt for consumerism!
You can apply this to _everything:_ Want to feel happier, and having a cluttered apartment is bringing you down? _Kakeibo says playing PS4 now can wait, go do that load of laundry and take out the trash instead._ Want a better job? _Kakeibo says stop drinking with the guys after work and use the time toward education to land that better job._ Re: your comment on receipts, I gotta admit that I love coming across one in my bag months after coming back home, and suddenly being taken back to that moment I was eying a piece of chicken at Family Mart or a gyudon bowl at Yoshinoya!
@@tipsy09I've noticed a lot of gamers think that, but they never sit back and tally up the total cost of their game library, the system they play games on, the TV, or any other accessories. And they certainly never stop to think what their savings might look like if that money were invested instead of blown on electronics they didn't actually need. You don't save money by blowing it all on games, you save money by saving it. There's no way around that.
I came across this practice a few months ago, it has revolutionised how I manage my money and has helped me see areas of unnecessary spending and ways I can save. I like your idea of moving from monthly view to annual view and will see how I can implement this. Thank you for your video.
Thank you for reminding me about this, Erika! I did this while I was living in Japan, but forgot about it after I returned to the US. Kakeibo is a valuable tool to keep track of expenses. 大変お世話様です！
I agree with everything except the part about using cash. It is easier for me to track my expenses using my card. I can also still get receipts and can compare them to a statement at any time.
This really isn't any different than what my grandmother in the US taught me in 1968, It has only been in the last 20-30 years that Americans became such spendthrifts.
Same here. Blows my mind watching my big spend friends complain about money and they are making plenty of it. Can't spend it fast enough. I would throw up
Exactly! I was raised in the early 70's by parents who were born near the end of the Great Depression. They were soooo frugal. My mom had this electric skillet with a missing leg & used a 1/3 cup to prop it up (total safety issue when cooking with oil, lol!) She had that thing for over 50 years until she died. They rarely bought clothes, always had used cars, appliances always got repaired vs replaced. They even had the same crappy cookware all 50+ years. It 'worked' so why replace it.
Is Japan still a culture of honor, doing things with excellence? I admire that. Not the extreme without mercy or letting a kid being a kid but just taking personal responsibility. Your a beautiful blend of both cultures. God bless you 🫂🤗
Thank you i never heard about this book i learn something important from you today thank you .. Oh i pause the video just order the book now am going to listen to the rest of the video
Live the simple life: spend on what u need & not want. That’s how u save in the long run just in case for emergency & it will help u retire in the future
When I was growing up, savings was rewarded at banks,,you would get a toaster, or a cool bank for opening a savings account!! I live debt free..no mortgage now!! No car ping, no debt!!
Do not save what is left after spending, but spend what is left after saving. - Warren Buffett
Love it :)
Life changing!!!
Richest man in Babylon showed Buffett “
This is the way”
@Ann Stanton I'm inspired by your story.🌟
Hi @Ann Stanton, if you mind asking, in what did you invest in?
The Japanese life style is spot on. I own my home on an acre of land, own my vehicle outright and raised a child by myself. I have never made over 40k/yr. Currently I have no debt accept a house payment of less than $500/mo. and now work 30 hours per week. I am an artist and use my surplus time to create and spend a lot of time with my grand babies. This is how life is supposed to be.
🎶👏👏👏🎶
👍🏿👍🏿👍🏿
I would love to do this
How long have you lived in Japan
This comment is too sweet, I think you're spot on with this sort of approach at life. Finding a balance between leisure, work, and managing your time effectively leads to a fruitful, satisfying longevity in life. Best wishes to you and your family!
I notice that people always talk about subscriptions. I just buy a gift card for Netflix and add it to my account and never have to worry about it for months. Maybe at Christmas or birthdays ppl should ask for gift cards for their subscriptions or other entertainment so that it's one less thing to deal with during the year.
WHAT?!? I didn't even know this option existed. The only reason why I have a CC is because of these subscriptions.
@@natalee6654 Unfortunately, I am not American, so ironically I need a Credit Card to purchase the Gift Cards.
@@aceoline I'm in Canada.
That's annoying 😒
@@natalee6654 Lol, it is ok. I got excited for a minute, but I am switching over to Visa Debit cards now. No more lines of credit/ debt. Only spending my own money. Thanks for the chat!
"A budget is telling your money where to go, instead of wondering where it went." -John Maxwell
Great quote!
Enjoy your day - regards from a small finance channel feel free to check it out but you do not have too:)
I checked out your first video.
Never thought about my budget that way, but Maxwell is correct.
As Dave Ramsey says, “give every dollar a name.”
On a second thought, I do used my budget the way Maxwell say, without my realizing it.
What I've learned from budgeting in my 20s:
-buy 2nd hand as much as possible (there's a chance someone out there is getting rid of the item you want in great condition)
-eating out is a luxury so I treat it as such ( I will not pay for takeout. If i'm eating out it's for the experience, so i'm going to go out & enjoy it. This means, no fast food for me)
-meal planning is the key to not overspend on food/ waste food
-when people would ask me what I wanted for the holidays or my birthday, I would say "anything, is fine" or "whatever you want." I quickly realized how doing that just made me end up with a home full of clutter & things I didn't necessarily want. Now, I actually tell people what I want/ need and these are all items that would be put to use :)
Great post
Ugh....maybe just a group meal for all the people you love...spare no expense..you've got pictures afterward and nobody spent hours running around looking for things
Love that last one! Should definitely implement into my own life soon.
Yeah I really dislike that I end up with a lot of random items at home that I don't use because I don't need them. My group of friends would usually get everyone to write a wish list of things they wanted, and the group will chip in to get one thing from the list for that one friend. It's so much better that way rather than giving and receiving a few small random items.
I had 2 colleagues, who always brought me some products from their gardens - I was born in summer - in July, and I'm vegetarian, so these were the most precious presents that made me the most happy. They saw my real excitement, so they were keeping bringing me their fruits and vegetables ❤
When I was a young married woman, 50 years ago, I had a neighbor, 96 years old, from Russia, still doing her own yardwork--which is how we met. She told me pay my savings account first and then only spend cash. Some of the best advice I ever got. One of the things I've seen is that when people are struggling financially, they don't think they can budget. Huge mistake. That's when you need to budget the most. It helps you live in financial reality. Hiding from it leads to disaster.
What was the elderly woman’s name?👍
I have done the same my hole life. I give my self an amount of money every single monday.. And them I can use just as I want to, but they will have to last until next monday morning. Actually I have a pretty "sweet" little savings from these "pocket money" over time, so today I am able to buy like a new laptop or phone or whatever from these pocket money. It is SUCH a great feeling when I do these buys, just to me.
That’s what I do. What a baddie ❤❤❤
@@michaelboyd959her name was Robert Pulsen, her name was Robert Pulsen
When my children were younger, before we left to go anywhere, I would pack an ice chest with water, juice, fruit and healthy snacks. It helped to cut down on buying unhealthy snacks or drinks at the store and on purchasing fast food.
My children are now grown, I still do the same thing for me when I’m going to be going out for a day of errand running. I will pack an ice chest and have water and/or herbal tea or iced coffee as well as healthy snacks. If I know I’m going to be gone for a longer period of time I will even pack a lunch and take a book so that I can go somewhere nice and have my lunch and do some reading.
A dual win, saves money and is healthier!
Triple, if you count the fact that you’re being mindful in caring for yourself. 🌺
@@ec9833 Great point!
A V8 moment
Thank you
I still end up eating out
Great idea - children always want snacks. Prepared -
Here in the Philippines, most people hate the thought of writing down expenses as they do not want to limit their "happiness". This is the reason why most are hoarders, even my father is still keeping a closet of old, outdated, and weared out clothes in the closet. He is having a difficult time disposing items that he bought, whether they were bought in cash or in loans. I am trying to change his mindset little by little. I now write down our expenses on a calendar located in the kitchen so he can view the monthly expenses especially the electric consumption. We use a prepaid electricity system and I am the main payer, so I have to write down the paid amount, whenever I add credits. I noticed he is doing his part in saving electricity consumption, turning off lights when not in use, unplugging appliances after using them, this does help save a little amount and I am thankful this one works. Yes, I agree that financial journals, whether personal or for my part, household (via our kitchen calendar), does save money. If we cannot increase our income, then live by the budget. Thanks for this video. Wonderful job.
This is exactly what my grandmother taught me! She has a journal she writes in every day, and I hand write my budget! Nothing beats pen to paper! 😊😊😊
Omg same here. Glad that I am not the only one. My mom documented all her daily budget in a journal. I do our monthly budget and yes my husband gets allowance, not based on how much he makes though. He gets a very small amount. We rather invest most of the extra money, and we have no debt. Feel blessed.
I've been doing this since I got married in 1985. I have gone through a number of blank books over the years.
@@betsybattles2696 that's amazing! I was born then, so I'm impressed!
I keep a small spiral-bound notebook to keep track of my budget, appointments, and to do list. Been doing it for years. My wife uses a phone. My method works -- her's not so much.
My mom does this 😊👍
Just remember that time is the one thing that you can't buy back. Once it's gone, it's gone, so use your time wisely.
This is important.
My saving strategy is simply stay away from people who are taking advantages out of my kindness 🙄
Wise strategy!
Can you give some examples of that?
@@overcomer4226 Some people like my wife’s sister look at us as a free meal ticket,as she will try to get anything from us for free,she will take our kindness as a weakness,eg, when we shop for things for her mother she will just throw personal things for herself in the shopping cart so we end up paying for her crap ,my wife’s family is from Thailand and they are quite poor but not starving,we send some money to my wife’s mother when needed and this sister will try to get her filthy hands on it when the opportunity arises ,Her husband is a lazy worthless pos just like her and does not really have a real job ,but her sister feels that she is entitled to my wife’s wealth so yes some people like my wife’s sister will do anything for money ,so there are a lot of scummy people out in this world
Just started that strategy this month
Not too hard for me. I have no friends, only acquaintances.
When I was 29 I had one gas credit card (more common back then, I haven't had one for years). I once misplaced a bill unknowingly and had to pay about $1.85 in interest. I was so mad at myself. I'm 72 now and that is the only credit card interest I've ever paid.
I use an excel sheet to manage my budget. Right after receiving salary, I put them in separate bank accounts for saving, investing and daily spending.
It works well for me.
Yeah, this is just an analog version of a spreadsheet.
Also you save money not buying notebooks
@@MyRackley That sounds great. I have accounts in different banks, for spending, emergency fund and investing
Same, much easier to do and track this way. "Set it and forget it!"
That's because you are old and have years ahead of many here, to establish that.
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Despite enough savings and investing in supposedly 'recession-proof' stocks with strong profitability and low debt, my $200K portfolio has dropped 20% this year. I'm reevaluating my strategy and considering a refresh. What's the best course of action: diversifying across sectors, rebalancing my asset allocation, or exploring alternative investments like bonds, ETFs, or real estate to revive my portfolio's growth?
Embracing a growth mindset and seeking guidance from a licensed financial expert, you can navigate uncertainty and make progress toward your savings objectives up to 300%
Impressive! can you share more info?
Rebecca Noblett Roberts is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Some of us save to buy at Costco because the grocery bill is reduced overall if you can wait to buy in bulk. Shopping single serve is incredibly expensive in the US, so always be careful of just assuming a low absolute cost in the short run is saving you money. Over the course of an entire month, the carefully selected items from Costco are the only reason my basic groceries stay affordable.
That’s what I started doing 2yrs ago and it allowed me to stock up. My family stopped eating a lot of pork and red meat. I started buying cases of chicken. On Super Bowl weekend I went to Sam’s and they had a 10lb bag of wings for $17!! I put everything in my basket back and bought 2 cases of wings 😂😂. One case of wings regular price was $195. Buying it on sale, I bought two cases. Employees were using dolly’s taking wings in the back for themselves 😂. I called everyone I could think of telling them get to the store NOW. YES buying in bulk saves a lot of money! It was so funny because one neighbor left a Super Bowl party to get wings😂.
LMAO i would too for that sale ❤😂
For some things buying in bulk makes sense. If it can all be used before it goes bad. It doesn't do much good to buy in bulk and only use half before it has to be thrown out.
@@Laswm4950 No matter the cost, wings are a waste of money. There's very little protein on them.
Way less packaging to recycle too.
My house is 400sqft. I paid cash.
I have no debt
I have no car
I have no TV
I have no microwave
I have no couch
I have no credit cards
I have no student loans
I make $3800 a month
My living expenses are $800
How is this possible?
@@anonymous5anonymous55 what part ?
@@PInk77W1 With strict discipline for years, I can see the house payment in cash. But final living expenses to include food, insurance, utilities, basic necessities, public transportation unless you walk or bike...that $800 is not monthly unless you are single.
@@sammyytube5999 I’m single. I have no car.
I’m 60 and yesterday I rode my bicycle 84 miles.
I have no insurance. I don’t turn on the A/C till around 95 degrees. Yesterday it was 90. I open all the windows from 5am till 7am. Let all the cool air in. Then seal the house. At 4pm my house with no Ac was 72 degrees in and 92 outside.
This town is small. No public trans.
My monthly - rent(includes water)= $500, food = $100, phone/internet = $45, electric = $40....no debt, no car, no AC - I live in the USA. Many of us live @ $800 a month.
"It's not how much you make it's how much you save" (Japanese saying)
I totally agree!! How much you spend VERSUS how much you save is very important
And kind of how much you invest - you are totally right!
Some of the best info out there!
Enjoy your day Steven - regards from a small finance channel feel free to check it out but you do not have too:)
A penny saved is a penny earned. - B Frank.
You haven’t earned anything if you haven’t saved it. Earned money goes to work, Earned money earns money.
@Kevin McCormack some money works to protect you from emergencies by being there when you need it. It’s job is to save you. Rainy day funds. But yes you should get to place where most of your money goes to make more money.
"It's not how much you make, it's how much you spend" (USA saying)
I used to write down every dime I spent when I was in grad school...even money I used in vending machines. I really need to get back to this immediately!!!!!
Have not seen your channel for a while Erika. I left Beverly Hills a year and a half ago, and moved back to Thailand to live. I have always admired the ‘easy living’ lifestyle in Asia, and enjoying life daily now.
Come December, I am taking a trip to Hokkaido Japan, and Hanoi Vietnam, and looking very forward to it. Life is good as long as you prepare for it.
Saving Tipp: take a bottle cold water from your fridge before you leave the house. Buying water on the go is not necessary! Same thing is thoughtful in regards of coffee, I can’t imagine spending 7 dollar at starbucks.
I always smile at the simplicity of good ‘old fashioned’ pen and paper. The irony is that apps often take more time to do simple tasks. Thank you for sharing this…. 💕🙏🏼💕
Correct 🎉
Budgeting as part of a culture! Being a cash society also helps to control and track spending.
Great ideas from Japan.
I used to do this and fell out of the habit. I think I really need to go back to this as I've noticed an excessive spending habit that caught be off guard these last few months. Thanks for the reminder!
My Indian grandfather got paid on Friday evenings and brought home his paycheck to my grandmother. She then gave him an allowance and used the rest for savings and household spending.
That was the traditional way. Women were always in charge of money in a hindu household till globalism ruined it. My mom grew up in a colonial minded household inspite of being hindu didn't know how to budget and was absolutely pitifully dependent on my dad who was raised in a household where women were in charge of not just money but managing all the members including any employees.
@@Cheiko18 thank you for talking about how many women aren't taught about money management. I know I wasn't.
We'd call that a beta man here in States when your wife takes your paycheck and gives you an allowance...
@@jcman240
It's a contradiction tho, right?
Because the wife is supposed to make the husband's life easier.
Generally, that means maintaining the household.
So if she took control of the household finances....
then she's arguably *doing her job.*
❤❤
@@jcman240 it’s not beta. That’s how society worked for years. That’s how it’s supposed to be because well as the man aka the provider we don’t have time to think about budget because we are at work. Our other half takes care of that. This makes life easier and home life peaceful and successful for the whole family.
Love the idea of the slower/intentional approach to physically writing everything down! Good work Erika!
Less distraction.
This is a great video. I actually came across this when I was researching different types of budget and expense trackers on TH-cam. This is super practical and a lot of common sense. This is something my grandmother taught me and she grew up during the Great Depression.
I was born to Japanese parents in America and they definitely raised me to be minimalist. I really just don’t like spending money except for absolute necessities or on investments. I still drive around in a 17 year old beater because I don’t like replacing things that still work. And I also don’t buy new clothes or shoes until the ones I’m wearing become unwearable. Usually my wife throws them out when she becomes embarrassed by them.
I am raised in Scandinavia out in the country.. You sound just like me :D
Could you please make more content about Japanese culture / attitude towards money? I appreciate the simplicity and would love to hear more examples similar to what you shared about your grandpa!
I also really enjoyed the video and would love to learn more about the Japanese way of life.
I would encourage everyone to take this advice. I used this budget method (without being taught it). I am 68yrs old and married for 43yrs and my husband tells his friends that his wife made him a rich man because she looked after his money so well. ( Most of my married life I was at home with my children )
This video has inspired me to be better with my money. I waste so much with always putting my convenience first. Instead of cooking or eating leftovers I end up eating out or getting Uber Eats… and then I justify it by saying I’ve had a rough day. Thanks for making this video.
lol,,, the take out food is Awful! where i live. (small boring town). living in a boring place has helped me with money,,,, but im older and prefer less hub-bub. just sharing that location helped me not to spend alot. (it's not for everyone, but i got used to it).
Erika! I will be sharing this w my granddaughter!! She is starting her "real" job as a summer lifeguard this Sunday. She will get her first paycheck in 3 weeks! Thank you so much!
I will introduce her to channel!!
Years ago, people did keep ledgers. People need to stay home more, and stop running around all the time looking for ways to piddle away ones hard earned wages. It sad but true. Set Goals.
Yeah but galavanting and frivolity is so much fun. Get bored staying home and dusting my ceiling fans. I don't wanna die with clean fans.
@@pickles9440 I would go stir crazy if I didn't get out of the house, so I just go window shopping, or go for a walk. I've been trying to be diligent about only buying what I need. I don't always succeed. But yeah, dusting, cleaning, etc gets to be mundane after a while. Go for a drive. Go for a walk. Have coffee with a friend. Pack a picnic and go to a park.
@@pickles9440 lol!
What a sad, miserly life.
@@monikabennett not miserly. Just not spending every cent made. People need to learn how to save money. I see it so often in the business I'm in. People come in to the shop I work at, needing repairs on their vehicles, but have no money to pay for them. Just in the last week alone three or four customers approved work to be done, but had no funds to pay for it, despite being given a repair estimate, detailing what was needed, and then had to go to some title loan place to get a loan to pay for the repairs. Funny thing is they come in with expensive handbags, clothing, shoes and their vehicles have aftermarket wheels that cost them several thousand dollars, yet they've no money to repair their cars. Their priorities are in the wrong place.
Easy to do. Easier than typing. I do this every month. However, I only use 4 categories: bills, current lifestyle, future lifestyle, retirement. Doing it this way makes it easier to live the way you are now while easily saving and investing for both future lifestyle and retirement. Bills are always last, and being minimalist and frugal by nature, are cheap.
What is in future lifestyle?
Hahaha I don’t know
Love the fact you are a young woman championing the old way of budgeting and saving. Makes a change from the onslaught of technology that is just supporting the fast way of living and thinking, leaving no time to actually take time to look inward and take stock 😊
I have heard of this...love it! Part of a reason why printing money in Japan hasn't massively impacted their economy, in contrast to our debts.
Nice video. It creates awareness. It's amazing here in the US, we are such a wasteful, disposable, entitled and lazy society. Even our aging family members become a burden to younger family members. Our parents and grandparents are walking history books and a wealth of knowledge.
I would have welcomed my difficult parents but they left it all to my brother, who was rich....it worked out very unhappily. They disowned me for living like you suggest as they wanted a child they could brag about to their friends. However, I still love them and possibly it was for the best as I chose to have a big family and am seldom alone with 2 dogs and 7 grandchildren. Remember money can't buy the best, only 2nd best.
I think I’m getting rich soon after binge watching these videos
Haha love it! :)
Bwahahahahhaha!
If we're not financially richer, we're definitely a lot wiser xx
hillarious
Rich in knowledge!
Have been doing this for years, but didn't know it was done in Japan, also. I just sat down and figured out what I needed to track to meet my financial goals...and set it up.
Learning the Japanese culture to me is always interesting. Ty for sharing this with us 😊
Me too, been fascinated by the Japanese culture since highschool. I'm south African
I started to write all my expenses at the beginning of this month July 2021 , and what a coincidence i saw your video today ...that made me think that im doing agood job so far
I did the same thing last night…definitely eye opening
@@kamleigh8102 so true , after i made the planning i realized that i have spend more than 200 euro only in 7 days ( almost 236 dollar ) My goal is to zave some money for my summer trip in Greece for my friend marriage and after that go in Mikonos island to have some fun and if i spend the half of my paycheck them i won't be able have a good time in my trip
I'm from South East Asia and the TH-cam algorithm brought me to your channel. Thanks for the videos and I'm going to try practice your tips and hopefully I can save a good chunk of money in June!
Outstanding advice should be taught in every high school.
I do the same thing ....I just keep my receipts. Look at them at the end if the week. It snaps you right out of spending excessively. Normally when you know big bills are coming up. Thanks for sharing 💜
True it helps keeping mine
I just came across your channel, the $5.34 one. I am on a fixed income and I never have enough money at the end of the month. I will put away what I intend for savings but I always have to go back and use it. I can’t save for car repairs, birthdays, or Christmas. I am going to try your method and use your links to try and save. Thank you for your videos and time to help others.
Same here April. Just wondering how it's going if you did this. Thanks.
Try thinking of your saving like a bill. It’s a necessity and put it somewhere where you don’t have immediate access to it.
Been doing this for years. It helps in seeing how my family spends and where to adjust. Learning to live minimal and shopping as needed and not just because I want also helps.
I found the road to wealth when I decided that a part of all I earn was mine to keep.
This is true…the mere act of looking daily at spending helps to slow down spending and improve savings. I use an excel sheet, but the principle is sound.
Thank you SO MUCH. I really liked the part about dividing to know how much you have to spend a week. It became so much more realistic to me right then and there. I did my calculations, and because I already splurged a bit, I did my calculations with what I had left, and honestly, it is WILD that I have a reasonable amount to spend in a week, after splurging and YET, before, I would be praying for pay day to come two weeks into the month. It really showed me how much I overspent and that I really need to cut back on my expenses. I'm new to the work world (2nd paycheck) and I'm trying to be wiser for my future. Thank you again.
For me it is the fact that I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas
At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention
*Marissa Lynn Babula* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Your smile lights up the entire screen.
also japanese have a great respect for there elders. I watch in awe as they take care of their elders in nursing homes where they come everyday and sit and comfort them with all kinds of healing techniques from body massages to all kinds of comfort devices. They wait on them hand and foot. Here in america we dont visit our elders unless its maybe once a year for a few minutes. Its sad that it has gone this way.
All of that has to change back to those traditional ways,,,, for the US to be the prosperous, stable, great Country it Used to be. Families lived close,, i grew up in a triple decker,, I never felt 'poor',, i had family on all 3 floors.... you didn't pay babysitters, you walked and were strong. Your family REALLY knew the neighbors, i could just go out walk to my friends house and play there all day or play kickball in someones driveway or the street,,, people kept an eye on the neighborhood kids. And you were never alone,,,it was safe back then,,, we had like 20 kids in the neighborhood that lived close by and we played with,,, some were different ages slightly but it was so darn normal. We took care of our own elders. It's part of life. When families started moving SO far apart,,,, ALOT changed for the worse. I could repeat that part over and over,,, When you can walk to your grandmother's house,, Your Aunt and Uncle live the next street over. We went to church on Sundays and then it was VISITING DAY. No stores were open. That was Truly America at it's prosperous, stable, best time (i don't mean prosperous like rich and fancy,,,, i mean it was liveable you had enough for a nice Easter or Christmas dress. Things lasted.. no computers.... 3 tv stations,,, People TALKED,, Sat on the porch,,, Plaed card games,,, board games,,,, and the evening news was 5:00 and the whole family watched.
Oh where have all the good times gone … looong time passsinng ~~
My grandfather adored my grandmother and cared for her with hardening of the arteries until she died in his arms. My other grandmother babysat and cooked and always helped her 4 children and grandchildren, but they put her in a home, though she wasn't even sick, where she died heartbroken in an accident caused by a caretaker.
Love of money causes this...wanting travel and more and more and more. It's the American Nightmare. They all died the same way...old and in homes. I cared for my husband 10 years with copd and he died surrounded with grandchildren and me at home.
Japan has never let us down. They always provided the smartest solutions to our problems.I always believe any advice that I got from Japan cause it ALWAYS worked.
Very interesting to see the different in monetary mind set between two the countries and culture. Americans could learn a lot from the Japanese.
Minimalism at its finest.
Some of the best info out there! The Japanese culture is so special!
Enjoy your day - regards from a small finance channel feel free to check it out but you do not have too:)
like how to win ww2?
@@amoszook3775 😂
This is traditional American wisdom too. It's more or less what my parents always did. It has just been deliberately suppressed.
Notice that government schools in America never teach this stuff? That's deliberate. It's part of the plan to enslave the American people, which has mostly been accomplished by now.
Well done. Children should be taught in school this valuable way to help themselves in life.
I heard your story of quiting the corporate world and how you're getting by day to day now.
You're an inspiration to those of us who are looking for our next fix in life. I've become complacent working in a job that is pretty much endless. I'm no longer bettering myself and my boss has no moral obligation or duty to make me happy. I don't blame him but I do blame myself for sticking around.
I have savings but I don't know what I want to do, enough to walk away from the comfortable 40 hr work week.
Anyway no point to this other than I really appreciate your videos and hearing your walk through life. I always say health before wealth. Until I'm broke then it's wealth over wealth. I guess it's really all about a healthy/wealthy life balance.
.. .. WITH ALL DO RESPECT .. This sounds exactly like doing a proper detailed budget, living frugally way within your financial means, eventually saving up to a decent amount of at least 3 - 6 months of expenses as a emergency savings account / fund and using cash for mostly everything with no credit card usage .. Sounds a lot like what Dave Ramsey teaches starting with his "baby steps" ... Great info .. really appreciated it! ...
Ah! I'm so glad your talking about this!! I saw this Kakeibo term in an article last week and looked up additional info about the process. The bloggers were mostly promoting financial products and not how it's used. This was explained very clear and to the point! 👍
Thanks
I did a subscription “correction” for my budget recently and wow! Some companies just do not want to let you go..the process of unsubscribing for one news outlet was near impossible:) I got a very reproachful phone chat and ended with a .99c sub a month deal but really didn’t want it. Banks have a strange way of analysing spending. All of our medical and grocery go under retail when really they are essential monthly.
You have to stick to your guns. Please try again if you want or tell your bank/cc company. I once had to call twice and hold on for almost 90 mins to cancel a news service, but am glad i did. Depending on where you live, there might be a consumer body that you can complain to. I think gyms are the worst, I’m really careful not to do direct debits with them. Good luck and nice you cut costs : )
Amazing. I have been doing very similar in a plain notebook for 35 years...budgets work.
I've had a written budget for years. Savings first, then monthly expenses, then monies spent during month (via receipts). Whichever way it works for you.
I'm not flirting but your voice is really calming and stuff. Putting aside the fact that I was gonna watch another kakiebo video, yours was just too fortified and enjoyable. Thanks 🖐️
3 yrs ago my sister "made me" start an excel spread sheet & enter every dime I spent. I got a pocket calendar at the Dollar Store. I keep in on my car. Everytime I come out of a store, I write the expense in. At the end of the month, I entered it in my spread sheet.
A single boiled egg wtf ? That is a lot of packing material
Or maybe its just an egg
Convenience is the greatest thing ever in Japan. Don’t worry about that packaging as it will go to the firehouse and be turned into a block. That block is sent to a land fill. In fact some Olympic venues should be held close to the man made island!
Here in the states, there are two packs of hard-boiled eggs.
Japan recycles like crazy.
Yeah, and a great example that you think you are smart and save money, while you literally pay the price of a dozen fresh eg for a single boiled egg.
I'm getting Marie Kondo vibes from listening to Japan's spending lifestyle.
@Erika: Great presentation-well done! You are expressing tried and true methods of financial management. I use credit cards, but log every purchase into a numbers worksheet, categorize every purchase so, like you, I know what I owe and can identify my soft spots. Best wishes.
Gold is for kings, silver is for gentlemen, barter is for peasants, debt is for slaves
And cryto for gods?
Love it!
In theory.
Though, wouldn’t effective bartering be learning the art of negotiation?
If One is going to do business, in the current economical climate - learning to effectively negotiate is absolutely KEY.
Learning how to effectively negotiate, is how One will ensure they will maintain and increase their gold.
Rich people are in debt to.
Definitely
This is just fabulous in helping me make a start! I am so excited to begin! Thank you Erika!
When i lived in VIetnam, i used to by "Things", than i took a 3 month to Osaka and than back to VIetnam for another 4 years. I am now back in the states and i HAVE to admit that japanese time got me on a serious minimalistic life. Seriously love it too.
Its insane how many hours a year we spend stressing or cleaning the same things..
We do almost all our shopping online now. I have a notebook that i always record the date, company, and items bought with prices. It's great to be able to look back a year later to find what i might want to reorder. Then I have another notebook with each page for each month. I divide it up in three columns, then write my repeating bill amounts first, then have different areas that i group things like groceries, gas/petrol, household, garden, etc. Whatever was in the online book goes here and bills as they get paid. I do record it all on an Excel sheet after, nothing better than seeing how month to month and hearly totals compare. I've caught where certain auto pays weren't working by doing this. Sounds like a lot of work, but you just get in the habit. I own my own business too, so it helps me at tax time to have it all ready!
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@@maryHenokNftAs a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Thank you so much for this video! Super informative and also ... Kakeibo is 🔥
I make it easy to stick to my budget by having (no fee) accounts dedicated to different areas of expense - one is rent/utilities (fixed for the most part), one care for grocery, one for my allowance (coffee, meals out) and another one for shopping (clothing#ousehold items), which I typically do on a seasonal basis to avoid irregularities. Obviously I leave room for spontaneous items, but I find that planning everything eReader of time cuts out impulse buys and I only spend on things I really NEED, or something I want that I knownI will value and keep as opposed to get a quick high off it and toss it a few months later.
Erika, I discovered that book in 2009! It’s now an app, but the books are great! It leads to trimming your budget by cutting out needless stuff. Then using that for investment. Of course, inevitably the greatest thing I leaned in Japan is that you save for the next year’s expenses the year before.
I want to go to JAPAN so bad. I love the culture and the food. i always wonder what the real deal tastes like. Also the people of wisdom. I know there is someone with a quote I can use throughout my life.
Love this video.
My secret to saving money is not having friends.
Its funny that you mentioned the cash thing because I read somewhere that using cash caused a reaction similar to pain in comparison to using a card etc. You are more mindful using cash because of the physicality of it it seems. Thanks for the video this really inspired me! ❤
Really interesting! This year I'm doing a different challenge every month. I think I will try Kakeibo as one of the challenges. Big thanks from Kobe, Japan!
Good communication. Good videos. Smile that lights up the world. Wise yet young. 😊
Great information. Americans our taught to spend, not save. Thank you, Erika.
By design. America relies on It's citizens staying in debt
so true, we are bombarded with media to buy, finance, and consume; unless we had some savvy parents to teach us otherwise.
What's funniest about our consumer-driven society is how far people will go to defend it. We're not taught to manage money. We're taught to buy things and work ourselves to death. Stay in debt for consumerism!
Thank you for sharing practical, simple, money management methods. Love you and your videos. Thank you!
You can apply this to _everything:_
Want to feel happier, and having a cluttered apartment is bringing you down? _Kakeibo says playing PS4 now can wait, go do that load of laundry and take out the trash instead._
Want a better job? _Kakeibo says stop drinking with the guys after work and use the time toward education to land that better job._
Re: your comment on receipts, I gotta admit that I love coming across one in my bag months after coming back home, and suddenly being taken back to that moment I was eying a piece of chicken at Family Mart or a gyudon bowl at Yoshinoya!
Video games can be a decent way of saving money.
@@tipsy09I've noticed a lot of gamers think that, but they never sit back and tally up the total cost of their game library, the system they play games on, the TV, or any other accessories. And they certainly never stop to think what their savings might look like if that money were invested instead of blown on electronics they didn't actually need. You don't save money by blowing it all on games, you save money by saving it. There's no way around that.
I came across this practice a few months ago, it has revolutionised how I manage my money and has helped me see areas of unnecessary spending and ways I can save. I like your idea of moving from monthly view to annual view and will see how I can implement this. Thank you for your video.
I love this! I’ve been trying to figure out a way to budget with my husband and this is such a nice focused first step!
Thank you for reminding me about this, Erika! I did this while I was living in Japan, but forgot about it after I returned to the US. Kakeibo is a valuable tool to keep track of expenses. 大変お世話様です！
My grandpa was Irish American and did the same thing. He even recorded his gas mileage.
Recording gas mileage is also to check if car has a problem.
Same with my austrian grandma.
My dad did that too. Kept a book(let) in the car.
@@bonniegaither3994 same! A tiny little notebook. But my grandfather has his own fuel pump installed and would supply himself at his own garage.
I agree with everything except the part about using cash. It is easier for me to track my expenses using my card. I can also still get receipts and can compare them to a statement at any time.
You look so good in the kimono!
Very informative and extremely useful 👍
This really isn't any different than what my grandmother in the US taught me in 1968, It has only been in the last 20-30 years that Americans became such spendthrifts.
Same here. Blows my mind watching my big spend friends complain about money and they are making plenty of it. Can't spend it fast enough. I would throw up
Exactly! I was raised in the early 70's by parents who were born near the end of the Great Depression. They were soooo frugal. My mom had this electric skillet with a missing leg & used a 1/3 cup to prop it up (total safety issue when cooking with oil, lol!) She had that thing for over 50 years until she died. They rarely bought clothes, always had used cars, appliances always got repaired vs replaced. They even had the same crappy cookware all 50+ years. It 'worked' so why replace it.
Is Japan still a culture of honor, doing things with excellence? I admire that. Not the extreme without mercy or letting a kid being a kid but just taking personal responsibility.
Your a beautiful blend of both cultures. God bless you 🫂🤗
How to make saving fun.
Step 1: Draw a cat in your Kakeibo! Done. :D
😹
It's cute! haha
KockyBoi huh?
Thank you i never heard about this book i learn something important from you today thank you ..
Oh i pause the video just order the book now am going to listen to the rest of the video
Live the simple life: spend on what u need & not want. That’s how u save in the long run just in case for emergency & it will help u retire in the future
Writing by hand is great. I started doing the math by hand too, to keep my mind sharp.
When I was growing up, savings was rewarded at banks,,you would get a toaster, or a cool bank for opening a savings account!! I live debt free..no mortgage now!! No car ping, no debt!!
Wow, You have assisted me in growth. Thank you so much.
This was so helpful! Thank you.
Some of the best info out there!
Enjoy your day - regards from a small finance channel feel free to check it out but you do not have too:)
I love your videos