Karl`s PC Help Forums Last active: Never
Not logged in [Login ]
Go To Bottom

In memory of Karl Davis, founder of this board, who made his final journey 12th June 2007

Post Reply
Who Can Post? All users can post new topics and all users can reply.
Username   Need to register?
Password:   Forgot password?
Subject: (optional)
Icon: [*]
Formatting Mode:

Insert Bold text Insert Italicised text Insert Underlined text Insert Centered text Insert a Hyperlink Insert E-mail Hyperlink Insert an Image Insert Code Formatted text Insert Quoted text Insert List
HTML is Off
Smilies are On
BB Code is On
[img] Code is On
:) :( :D ;)
:cool: :o shocked_yellow :P
confused2 smokin: waveysmiley waggyfinger
brshteeth nananana lips_sealed kewl_glasses
Show All Smilies

Disable Smilies?
Use signature?
Turn BBCode off?
Receive email on reply?
The file size of the attachment must be under 200K.
Do not preview if you have attached an image.

Topic Review

[*] posted on 3-1-2018 at 00:54
I used to record every single expense and found that we were always behind the 8 ball, problem is, none of the expenses could be cut as the majority of them were medications.

[*] posted on 2-1-2018 at 13:34
Online money management course beginning 8th January

[*] posted on 2-1-2018 at 13:27
the art of saving

Although it might take some time to get used to record every expense, the idea is that after some you will be more aware of your financial habits and learn insights on how you spend money: maybe you’re spending too much on restaurants or maybe you should spend more on culture. The book’s subtitle slogan is ‘memory can be fuzzy, but the books are accurate’.


How to use a Kakeibo
A the beginning of the month write down your fixed expenses and incomes (e.g. mortgage, rent, broadband bill, etc.). The difference will show you how much money you have available for the rest of the month.
Estimate the savings that you want to achieve for the month and set it aside. You should just forget it and make everything possible to don’t touch it during your weekly expenses.
During the month register the expenses in the different categories:
Survival: food, pharmacy, transports, kids. Optional
Optional: bars, restaurants, takeaway, shopping, cigarettes
Culture: books, music, shows, movies, magazines
Extra: irregular events such as gifts, repairs, furniture
Establish the goals of the month (e.g. start to save for your summer vacation)
Establish the promises of the month (e.g. stop smoking, buy petrol from the cheapest station)
At the end of the month (and the year) the battle between the “savings pig” and the “expenses wolf” starts: the difference between the initial budget and the total monthly expenses will give you the monthly savings....

One thing that all kakeibos focus on is food costs, since food spending is both one of the biggest budget categories and one of the easiest areas to cut down on costs. Generally a kakeibo categorizes food purchases by the nutritional type: carbohydrates, meat and fish, dairy and eggs, vegetable and fruit, etc. which also gives you a way to see if you are eating a healthy diet. More recent, easier kakeibo may divide it into larger categories like regular food, fun food (snacks and drinks), eating out, and so on. There are kakeibos that combine budgeting functions with meal planning and recipe tracking too...