Eastern Philosophy To Save Money At Home

It seems as if money is never enough for anything. Making ends meet sometimes becomes an odyssey. There are hundreds of things to spend on and the income is gone in the blink of an eye. However, there are several methods to save money at home and make it even more than enough.

The key is in the method. You never know where the money is going because it is not judiciously tracked either. And it is not enough, simply because it is not administered properly. It is necessary to see what it could get to yield if the correct method is applied.

Saving money at home is essential to maintaining healthy finances. You don’t need to earn large sums to be able to live comfortably. What is required is will, dedication and patience. Here are some keys that Eastern philosophy gives us to manage money.

The Kabeko, an excellent method to save money at home

The Kabeko is a Japanese method, created in 1904. As can be seen, it is more than a century old and is still applied throughout the world. It was a technique devised by Motoko Hani. His goal was to save money at home by tightly controlling expenses. Incidentally, it contributes to a personal assessment of how you spend.

The Kabeko is a simple log book. It works in a very simple way. At the beginning of the month, fixed income and expenses are recorded. This is the amount of money that comes in, yes or yes. And the amount of money that comes out, without a doubt. By determining these amounts, you know how much can be used for other expenses, if at all.

Based on this, the idea is to set a savings goal. This applies to both fixed expenses and surplus, if any. Also, you should think about what that savings will be spent on. This is only the first part of the method.

The second part consists of writing down all the expenses that are made. One by one, each time they are performed. At the end of each week the record should be reviewed and where the money went. This gives clues about how to spend and helps you find the keys to saving money at home.

The 52 week challenge

It’s an old-fashioned way to save money at home, but it’s been catching on lately. The most important thing is to be willing to meet the challenge, remain consistent and be patient. The results can be extraordinary.

You simply have to save for 52 weeks every day. The first week you only need to save 1 euro per day. The second week will be 2 and so on, until the specified time is completed. As in the end the sums may be impossible for some people, a maximum of 200 euros per month can be set.

The 52-week challenge, too, can be done in reverse. This means that you start with a saving of 52 euros and then this amount decreases. Sometimes it is easier to do so, because there is always more motivation at the beginning.

Other tips to save money at home

Orientals have a philosophy that is more focused on renunciation than accumulation. Therefore, they have managed to create austere lifestyles that allow them to have greater control over money. Zen representatives have given tips for saving money at home. Here are some of them:

• Visit libraries more frequently. You don’t spend a penny and instead you have a good time and you learn.
• Replace the car with public transport or, ideally, cycling or walking.
• Bring home cooked food to work. Eating out generates great expenses.
• Reduce the consumption of tobacco and alcohol. Not only does it save money at home but it also helps you have better health.

• Drinking water. Replace with soda or other drinks. This is good for the body and avoids unnecessary expenses.
• Do the home repairs by yourself. There is no need to pay to make minor arrangements that you can only make if you put your mind to it.
• Save energy. There are many ways to save electricity, gas, gasoline, etc. Only common sense should be used.
• Consume natural products. They are cheaper than frozen, taste better, and cost less.