The Secret Money Saving Rule I Learned in Japan
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- เผยแพร่เมื่อ 25 พ.ค. 2021
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This video is about a secret money-saving rule I learned from my Japanese grandpa (ojichan), that helped me to save $10,000 a month. Follow me on IG: erikankullberg
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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.
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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!
"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.
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!
At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.
How are you doing it ma’am. I’m a single mum who has worked hard to be where I am. I’ve saved enough but still have no clue how to make it work for me.
Well, I've gotten into a plethora of assets with $23k spread across stocks (options and futures) for short term and index funds, and ETFs, for the long term. I've been investing with help from a pro fund manager, Herman W Jonas who oversees my investments. Now I sit back and reap my dividends while I just reinvest from time to time.
I agree, and for that reason I prefer to have a financial consultant like Herman make my day-to-day investment decisions. Given that his entire skill set is based on going long and short at the same time as well as employing risk for the asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis he's got, it's nearly impossible to not out-perform. I've been using him as my financial consultant and the rate of accrual on my portfolio has been positive over the years.
I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’d like to hear from an expert?
Your assistance was helpful. I was able to have a conversation with him. What's even better is that he's certified with a registered broker. I'm getting started right away!
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 😊👍
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 -
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
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 ❤
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.
"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)
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.
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.
@@tamarar.4642 No matter the cost, wings are a waste of money. There's very little protein on them.
Way less packaging to recycle too.
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.
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.
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.
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 amazing. “How to build wealth
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
researvh the name, if you care.
REBECCA MARTIN WATSON
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.
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!!!!!
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…. 💕🙏🏼💕
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.
Budgeting as part of a culture! Being a cash society also helps to control and track spending.
Great ideas from Japan.
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
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!
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 found the road to wealth when I decided that a part of all I earn was mine to keep.
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!
I'm getting Marie Kondo vibes from listening to Japan's spending lifestyle.
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.
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.
Love the idea of the slower/intentional approach to physically writing everything down! Good work Erika!
Less distraction.
I love this concept! I've always done a monthly review of my finances and love how mindful and calming it is to feel organized after doing this chore every month. I love that the kakiebo is encouraging people to do this! I think it's the single most important practice to getting in control of your finances!
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!
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!
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 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 loved finding this info as it is something I have been practicing since I entered the workforce. I develop this based on my common sense at 18 y/o and my dad's love for math and strategy for almost anything. I don't feel like a weirdo any more. Thank you for sharing. 🤗
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.
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!
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.
Thanks for those tips and tricks on saving. It sure seems quite interesting. Blessings to you my dear.
Excellent Habits, I'm going to share your knowledge. Keep up the good work.
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.
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 ~~
I love this video. I just discovered your channel and I will subscribe. I love how you talk about the intersection of money and different cultures. I hope to watch more of your videos and see this intersection. Thanks
Thank you for the valuable information on budgeting and savings methods. Your background collection is eclectic and very beautiful .
Some of the best info out there!
Enjoy your day Clarissa - regards from a small finance channel feel free to check it out but you do not have too:)
@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.
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.
Time to order my Kakeibo Journal, thanks for the tip. Keep smiling!
I so enjoyed your video.`I have written down all my spending and it gives such a great perspective. I am so happy to see so many financial advice TH-cam people..Thanks for a glimpse into Japanese personal finance.
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 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!
please scroll up and hit the like button! :) thank you! Get 2 free stocks (2nd one worth up to $1,600) when you open an account and deposit $100 - erikakullberg.com/webull
Get my free budget and expenses tracker - Free Budget & Expenses tracker: bit.ly/3aTYOrJ
Ty ❤️
All my friends think I'm weird for not wanting to have a credit card balance. I'm usually the only person paying with cash at a dinner.
🤲🤲🙏🙏🤌🤌
Is webull only for Americans?
@@tyd7900 I think healthy teeth and a genuine smile beats a mean, jealous troll any day. Write that down in your Kakeibo. Peace out, ✌🏼 Americano.
Wow this is amazing. I like the idea and it is very helpful and inspiring. It is very important to plan and to save also to monitor our daily expenses. I learned a lot
Erika, thanks for this info. I will sharing this w my Grandaughter!!
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).
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
Good communication. Good videos. Smile that lights up the world. Wise yet young. 😊
Thank you so much for this video! Super informative and also ... Kakeibo is 🔥
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.
Loved the Japan B roll! Great video as always!
Don't know how I stumbled across your channel but have subscribed and am excited to learn the information/knowledge you are sharing!
The content looks to be well worth my "TH-cam" time.
Welcome aboard!
This was very helpful. Thank you so much for the energy you put into this 🙏🏻
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 : )
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 😊
Love your videos !! You are so uplifting, and a breath of fresh air Erika !!!
Positive, energetic and honest!
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:)
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
This is new to me and I love this approach, I’ll definitely think about adopting this approach especially tracking my weekly spend budget to help me to better plan and manage my money
Great advice-- it all starts with actual goals and planning. This is so cool that you're in Japan-- I would love to see more vlogs and info about life in Japan. :)
Basically it is commitment, discipline and responsibility. A part of growing up. Any 18 year old human should do these things mandatory. ;)
Love the idea of Kakeibo. Thank you for the video, I appreciate it.
Thanks for sharing. I love this concept! Going to work on keeping one!
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 an awesome system - and cool to hear about your experiences in Japan!
I used to use a similar routine when practicing bookkeeping. It’s great to know the cash flow!
the cat was my favorite
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 how you are so passionate about saving. I love saving. I’m here. Thanks for sharing.
Brilliant Erika 🤩
So happy to learn about kakeibo. Since my college time I used a small notebook for being in control of my finances and it helped and still helps ( now that my children are at college age) without fail. I will definitely pass your video to them as they’ll listen to you better than me! 😂
I found yr explanation great.
Hope to see more of yr content here.
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
Amazing. I have been doing very similar in a plain notebook for 35 years...budgets work.
Erika, This is a great video with many learning lessons, Thank you!!
Hello from the Republic of the Philippine Islands. Thank you for sharing this concept. I now have one more item of real value to add to my Christmas & birthday gift giving for our family and a link to this video will be included in each package! This is my first time to view one of your TH-cams but I am compelled to hit both the like and the sub buttons.
I was just learning about Kakebo last week and started this week. Thank you for clarifying more. Love your content and glad to be following you. Like attracts like 🤗😍❤🙏
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:)
Thank you! Glad I found your channel! Look forward to your podcast as well. 👍🏻🙋🏻♀️ 11:47
Thanks for the new info Erika❤️
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!!
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!!
Interesting strategy. Thanks for sharing!
Just Subscribed. Loved all this info. Cant wait to view all your Videos.
I noticed that you like to doodle cat. You did it in your other video too. Haha.
Great video, Erika. Useful as always.
Outstanding advice should be taught in every high school.
Thanks for sharing this Erika!
love watching your journey, Erika!
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.
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.
Thank you I found it interesting so much so I looked into where I could buy the notebook after finding 4 pages for free. I now have a note book size being sent to me and the best part it was under $10 AUS with free shipping 😹😹 I don’t know why your TH-cam was recommended to me but it came at a point where I needed to look at what and why I was spending and I liked the idea of starting out small and working up to bigger goals 🤗🤗🤗
Great advice!! Soooo many people need to do this!