[Summary]

A chronic deficit is a state in which your monthly expenses are consistently higher than your income. It is not a temporary deficit, but a ``constant lack of money''.

Especially dangerous is

  • asking for bonus
  • dependent on revolving payments
  • Increase in fixed costs

It is.

In this article, we will explain the causes of chronic deficits and ways to improve them in an easy-to-understand manner.

What is chronic deficit?

Chronic deficit is a state in which monthly income and expenses are consistently negative.

In a nutshell

A situation in which money continues to decrease even if you live a normal life

It is.

For example,

  • Not enough due to monthly card billing
  • withdraw one's savings
  • Compensate with bonus

And so on.

Difference from temporary deficit

typeFeatures
temporary deficitSpecial expenses such as travel and moving
chronic deficitshortage every month

Temporary deficits can be recovered if the cause is clear. On the other hand, chronic deficits require a review of the household budget structure itself.

why is it dangerous

If you continue to be in the red, you will not be able to build assets.

Furthermore,

  • Increase in debt
  • mental stress
  • Anxiety about the future

It also leads to

Things to be especially careful about

If you cover the deficit with a credit card or loan, you will be more likely to pay more interest and fees.

Even if the monthly shortfall seems small, if you continue to make up for it through revolving payments or borrowing, it will be difficult for the principal to decrease. For households in deficit, the important question is not ``how to borrow to cover the shortfall,'' but ``how to stop the structure that creates a shortage.''

Main causes of chronic deficits

Cause 1: High fixed costs

This is the most common cause.

The main fixed costs include:

  • rent
  • Communication expenses
  • insurance
  • car maintenance costs
  • subscription

Fixed costs occur every month, so they tend to put pressure on household budgets. It is also important to note that once you sign a contract, it is easy to forget to review it.

Cause ② Living standards are rising

As your income increases, your expenses tend to increase as well.

This is called "rising standard of living."

For example,

  • Increase in eating out
  • expensive subscription
  • brand orientation
  • Regular use of taxis and delivery services

And so on.

If your savings do not increase even though your income increases, it is better to check whether your spending standards have increased.

Cause 3: Not keeping track of expenses

Poor management of household finances.

The following are common conditions.

  • Don't see account balance
  • Surprised by card charge
  • I don't know what it was used for
  • Mix of cash and cashless payments

First of all, it is necessary to "visualize" your expenses.

Before keeping a detailed household account book, it can be effective to just roughly check how much money goes out each month.

Improvement method 1: Reconsider fixed costs

The first priority is fixed costs.

Below are some examples of great effects.

ItemReview effect
SmartphoneThousands of yen per month
insuranceThousands to tens of thousands of yen per month
subscriptionEven small amounts add up
rentThe effect is great, but the cost of change is also high.

Once you lower your fixed costs, the effect continues into the following month.

For example, if you can lower your fixed costs by 5,000 yen per month, it will result in an improvement of 60,000 yen per year. When it comes to saving money, the first thing to look at is fixed costs rather than small savings.

Improvement method ② Classify your household budget into three categories

A household account book that is too detailed will not last.

First of all,

  • Fixed costs
  • living expenses
  • Hobbies/Entertainment

That's enough.

If you divide it into these three parts, it will be easier to see where you are in the red.

In particular, there is no need to demonize only hobbies and entertainment. If fixed costs are too high, cutting back on entertainment may not make a fundamental difference.

Improvement method ③ Use advance savings

It's difficult to "save what you have left."

We recommend that you automatically transfer your money to another account on payday.

For example, first transfer 20,000 yen each month to a separate account.

This alone will help prevent deficits.

However, if you are already in the red every month, there is no need to suddenly take a large amount in advance. First of all, it is important to create a sense of surplus, even if it is only 1,000 yen or 3,000 yen.

Common danger signs

signPoints to note
Bonus prerequisite lifeEasy to collapse when bonus amount is reduced
revolving paymentFee burden is likely to increase
Zero savingsUnable to meet emergency expenses
Depends on monthly cardDeficit tends to become the norm
I don't remember fixed fee contracts.Unnecessary expenses tend to remain

If any of these apply to you, it is better to check your household finances as soon as possible.

Summary

  • Chronic deficits are a “structural problem”
  • Fixed cost review is top priority
  • Visualizing spending is important
  • Aiming for profitability even if small

As a first step,

Make a list of monthly fixed expenses

Improvement can begin even just by doing so.

The purpose of fixing a household deficit is not to increase patience. It is about organizing your household finances so that money remains naturally.

Source/Reference

This article has been reorganized for beginners with reference to information from public and financial educational institutions regarding household budget management and precautions when using credit cards.


This article is for educational and informational purposes only, based on public information. It is not a recommendation or solicitation to buy or sell any specific security or financial product. Although care is taken with accuracy, the content and future investment outcomes are not guaranteed. Final investment decisions should be made at your own judgment and responsibility.