I use my routine Kakebo time to also plan and dream for the future, making expense tracking one of the more exciting activities of the week!ĭecide what works for you, and establish a routine to keep it going.In addition to tracking expenses, I also track my net worth by listing out the value of each bank & brokerage account, and the balance of each credit card weekly.Then I compare the weekly total to my budget and decide on how much we can spend the following week. I list expenses daily and then tally up each day’s total on my weekly spread for a weekly total.
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Here are some ways I’ve done that for myself: The Kakebo, like any other system, can be adapted to suit your personal needs.
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In short, spending time with the Kakebo is another way I plan and dream about our future. I run different scenarios based on possible outcomes, renewing my excitement of our future plans to sell it all and sail away. What if we buy a different boat, or change our timeframe? Or our house sells for more than we expected? While I’m tallying expenses, I also spend a little time on our plans for FIAR. If we overspent in a certain category, we work on correcting it the following week.īy the end of the month, there’s no excuse to not be at or below budget on our expenses. In the evening, its relaxing for me to gather up my receipts and write out my expenses in my Hobonichi Techo (a daily planner) using one of my favorite pens.Īt the end of the week, I tally up the week’s expenses and compare to my budget (I budget on a bi-weekly basis). Why on earth would I want to go home and spend more time doing numbers stuff?Īt work I’m performing analytics at a complex level using Excel, accounting systems, and other sophisticated programs. I spend all day crunching numbers, preparing narratives, analyzing cost centers, and projecting future profits. Slice them, dice them, and plan for future goals. The Kakebo method keeps you engaged in the activity of tracking your expenses and comparing back to your budget or savings goals.Īlternative methods that involve opening an app from time to time, or calculating your results monthly, just don’t provide the same level of engagement that the Kakebo method does.Įngagement is everything. It gives us a reason to watch and be personally invested in the outcome of several games each week. We don’t play to win (:-P), but to stay engaged. EngagementĮach year my husband and I participate in a pigskin football league where we pick games each week that we think will win against the spread. A regular daily or weekly routine is essential to maintaining a household ledger.Ĭonsistency means you are prioritizing the activity of tracking your finances, and are more likely to meet your goals because of the discipline a routine establishes. The Kakebo method is all about consistency and cadence. Its all hand-written and its therapeutic. It gets us into a routine of tallying up expenses and comparing the total against a budget. Simplicity with personal finances is important because it strips away the apps, the charts, the pretty pictures that keep us from dealing with the most fundamental issues: are we meeting our financial goals? Like chopping vegetables with a sharp knife, or digging in the dirt to transplant a shrub. Its the quality or condition of being easy to understand or do. As we advance through a tech-centric world and automate pretty much every aspect of our lives, I love how the Kakebo method allows me to embrace simplicity. Kakebo is practically a verb for spending quality time with your personal finances. To learn more about the history of Kakebo and how it works, read my article Change Your Money Mindset With The Kakebo Budget.įind two free 2021 Kakebo printables at the bottom of the post. The word Kakebo actually means “household finance ledger”.
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Also known as Kakeibo, Kakebo is a Japanese personal finance system gaining popularity in the Western world.