Summary of The Secret Money Saving Rule I Learned in Japan

00:00:00 - 00:10:00

The narrator learned three money-saving rules in Japan that have helped him save over 170 per month or 5.34 cents per day. The first rule is to read the bills carefully and pay only what is actually necessary. The second rule is to track every expense and be intentional about spending. The third rule is to set short-term savings goals. These simple steps can help anyone save money and reduce wasteful spending.

• 00:00:00 In this video, Erica discusses the secret money saving rule that her Japanese grandfather taught her. The rule is simple: start your month by writing down in your cable how much you'd like to save and what needs to happen to make this a reality. This then includes space to write down your weekly spendings and look back on the past month, the simple act of filling out your cable means saving is a part of your everyday life. This helps you to keep track of all of your spending, hakeebal dates back to 1904. This is a great way to think about money and budgeting in general, while also getting into the habit of noting everything down.
• 00:05:00 In Japan, people are given receipts for all of their purchases, which can be helpful in tracking spending and identifying areas where money is being wasted. This method of budgeting also allows for gradual changes to be made, which can help reduce unhealthy habits and improve overall financial stability.
• 00:10:00 The narrator learned three money-saving rules in Japan that have helped him save over 170 per month or 5.34 cents per day. The first rule is to read the bills carefully and pay only what is actually necessary. The second rule is to track every expense and be intentional about spending. The third rule is to set short-term savings goals.