Money

Kakeibo: The Japanese Art of Mindful Spending

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It’s easy to feel disconnected from your finances when you spend money with the swipe of a card or the tap of a button on your smartphone.

But when you’re mindful of where your money goes, you can cut down on unnecessary spending and put more cash toward your savings goals.

Kakeibo, the Japanese budgeting method, attempts to help people become more cognizant of their spending habits and improve the way they manage money.

Here’s how it works.

What Is Kakeibo?

Kakeibo — pronounced “kah-keh-boh” and sometimes spelled “kakebo” — is a money management style that has been around

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