THE 10 YEAR FINANCIAL CHALLENGE 2009-2019

CATEGORY / PRODUCT 2009 2019 Average wage NIS 7,836 NIS 10,139 VAT 15.50% 17.00% Interest – Bank of Israel 3.18% 0.25% Petrol – Benzin 95 NIS 4.75 NIS 6.04 Water (private consumption) NIS 4.10 NIS 6.89 Electricity NIS 0.54 NIS 0.55 Subsidized bread NIS 4.64 NIS 5.12 Milk in a carton (2011) NIS 6.22 NIS 5.75 Eggs – large 12 (2011) NIS 12.11 NIS 11.45 Mobile phone Charged p/call and internet NIS 40 Average rent NIS 3,300.00 NIS 5,600.00 The average price of a flat NIS 950,000.00 NIS 1,500,000.00 As you can see that within 10 years finances have drastically...

FEBRUARY – A MONTH OF NOTHING %$#%@

I suggest to all my clients, that they choose a month of nothing, a month where we curb spending and a chance to save. We used to choose November, however, Black Friday now dominates November. Therefore February is an excellent month, since there are no chagim for A MONTH OF NOTHING The majority of the population are, in fact in overdraft and the bank account needs balancing as quickly as possible. Sometimes we need to streamline expenses and the idea of a month without nothing came from Michelle McGagh, a financial journalist who lives in the UK. She tried this...