Bangladesh, Oct. 19 -- It's nothing surprising that people struggle to meet their wistful demand for supply of money. But these days, they cannot avoid some expenses because they are essential or accidental. So they have to cut budget or borrow money. In Bangladesh today, budget deficit in a middle class family has been a common phenomenon but remains unnoticed. I read an article on how the Japanese people maintain their budget. Such a tech-savvy nation still uses pen and paper to note down expenses in managing their family budgets. It is called Kakeibo, which requires diligently noting down items in each budget category. This makes good financial habits of keeping balance in spending.

Kakeibo is basically a popular Japanese way of book-ke...