Lee’s Culture – Kakeibo

Lining up income and expenses… adding up subtotal and subtracting to get a grand total… 
Household bookkeeping is a world-wide language, but in Japan it’s a national pastime. 
There are even specialised books called kakeibo, which are accounting books designed for households.

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Traditionally, Japanese household finances have been controlled by women. 
This often surprises people, because Japan is viewed as a male-dominant society. 
However, a subtle balance between the genders has been struck for centuries, and it has always been the role of women (even in the pre-modernisation period) for the female counterpart to manage money. 
Of course, this is slowly changing and more men and women are taking on joint financial responsibilities.

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So, why is household bookkeeping so popular? 
A lot is owed Motoko Hani, the first female journalist in Japan. 
She believed that financial stability was important for happiness, and decided to publish a kakeibo (accounting book designed for households) in a women’s magazine in 1904. 
While 111 years have passed since publication, this book is still sold. 
The book’s subtitle slogan is ‘memory can be fuzzy, but the books are accurate’.

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I’m not convinced that keeping household finances necessarily makes people happier, but there’s a lot to be said about financial stability being a necessary condition for happiness. 
While we don’t want to be servants of money, keeping a healthy relationship with money is achieved through the kakeibo.

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