Expenses are classified into four pillars using the Kakeibo method.

• Survival Expenses

• Optional Expenses

• Cultural Expenses

• Extra Expenses

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If you are new to budgeting, well, Kakeibo is not as scary as your accounting teaching in school- that's for sure.

Kakeibo is referred to as the Japanese art of saving money and has become a popular way for people to gain control of what is going on in their personal finances. The Kakeibo method is an intuitive budgeting method which is ultimately why it is gaining so much traction.