My Kakeibo Experiment, Part One
My Kakeibo Experiment, Part Two
I did this experiment because I read in Your Money or Your Life that you could cut your expenses at least 20 % by keeping note of every cent that goes in and out of your life.
So I wanted to do a three months experiment to see if that claim was true.
Spending
In May I had the following spending in the four categories:
Category 1 (Necessities) = 2.425 DKK (231 $)
Category 2 (Wants) = 1.874 DKK (134 $)
Category 3 (Unforeseen) = 0 DKK
Category 4 (Investing) = 30.000 DKK
Total spending = 4.299 DKK (432 $)
The Averages
Average amount pr. transaction = 195 DKK (24 $)
Average amount pr. day = 139 DKK (14 $)
Average transaction/day = 0,7
The Comparison
| Cat | april 2020 | march 2020 | may 2020 | % Improvement |
| 1 | 5713 | 1552 | 2425 | 136 |
| 2 | 7889 | 899 | 1874 | 321 |
| 3 | 558 | 450 | 0 | GREAT |
| 4 | 0 | 0 | 30000 | GREAT |
| Total | 14160 | 2901 | 4299 | 228 |
| april 20′ | march 20′ | may 20′ | % Improvement | |
| Amount pr. trans | 186 | 161 | 195 | -5 |
| Amount pr. day | 456 | 97 | 139 | 228 |
| Transactions/day | 2,45 | 0,6 | 0,7 | 250 |
To Summarize
Did I improve more than 20 %??
Oh yes, I did!
From my worst month (April) to the previous month I improved 228 % on average. And I improved 321 % in category 2 which is the “Wants” category I would like to have close to zero spendings in.
Go ahead and try it yourself. Let me know if you can improve at least 20 % as well!
Blog Sponsor
A fellow danish money blogger is this post sponsor. His name is John, and he writes in danish about hands-on money-saving tips and other money/finance related stuff at vilebo.dk