DID YOU KNOW WHAT PERSONAL DAYS YOU ARE ENTITLED TO?

Time and time again, when I work with my clients, both Israeli and Anglo Saxons they are not aware of how many vacation days they are entitled to.  Here is what you are entitled to by law and you will be surprised that you are allowed to take 2 days off without it being deducted from your vacation days.According to the January 2017 Annual Leave Law Years of seniority or experienceVacation days1-5Up to 16 vacation days6+Up to 18 vacation days7+Up to 21 vacation days8+An additional day for each year of work up to a max of 28 days a year...

GUIDE HOW TO FINANCIALLY SURVIVE THE SUMMER WITH TEENAGE DAUGHTERS

I have just returned from working with a family with three teenage daughter and they wanted to plan their summer budget.  After we worked on their vacation budget, their main concern was keeping their children financially happy during the summer months.Together we formulated the following plan:VACATION JOBFinding a vacation job – after the unpaid vacation leave is finishing at the end of June, this is not an easy feat as there is a lot of competition.  Also sometimes the teenager is tempted to play computer games or hang out with their friends. Therefore, as an incentive to find a job. I suggested that the...

Pessach Shopping 2021

Click on this link to download the Pessach Shopping List 2021. Pessach shopping list The key to dealing with Pessach is planning in advance: Make a list of expected expenses and include all the components: food, wine, disposable utensils, trips and family entertainment, etc. Add the final amount to your annual budget. The idea is to prepare ourselves during the year for the extraordinary expenses of Pessach, define the monthly amount of the cost of the expected expenditure on Pessach, divide it to 12 months, and save this amount each month – thus saving enough for Pessach. What happens if you...

CAN YOU AFFORD TO RETIRE?

I recently started working with a 47 year old man who has been divorced for 10 years and has two children. He felt that his finances were out of control and wanted to plan for the future. After sorting out his everyday expenses, we started long term financial planning.  I asked him whether he has a pension, to which he replied he does.  In 2008, a law was passed in Israel mandating that every employer had to pay into each employee’s pension fund; noncompliance means that legal charges can be – brought against them. When I asked how much was...

How to save early to help your children get ahead

We all cherish our children and grandchildren, and want them to have the best opportunities for a good start in life. To help them, many of us recognize the importance of setting up a saving plans for their future. This article will lay out the various options for saving and explain each one’s advantages and disadvantages. As parents, we are responsible for providing our children with shelter, food, clothing and education.  We also like to celebrate milestones in our children’s lives, such as birth, bar/bat mitzvah, and weddings, all of which require considerable financing. We may also want to assist...

THIRD LOCKDOWN – WHAT ARE THE RIGHTS FOR THE EMPLOYED

When are now in the 3rd lockdown and hopefully the last one due to the Coronavirus pandemic.  Bituach Leumi has changed a lot of their conditions.  In this article, you will receive guidelines about your rights if you are employed. Question: It is the first time that I have been asked to go on unpaid vacation  (Chalat – חל”ת) what is the procedure? Answer:  There are 3 Steps to be taken: 1.  You need to report to Bituach Leumi that you are on unpaid vacation. 2. You have to register to the Ministry of Employment לשכת התעסקה . 3.  You have...

MY ONLINE ORDER HAS NOT ARRIVED – AM I ENTITLED TO A REFUND?

I ordered some sandals on line In August and they have not arrived yet. Am I entitled to compensation? The month of November, usually a rather quiet month has become an extremely busy month due to crazy sale days like Black Friday and Cyber Monday.  In fact, in just two days, Israelis purchased NIS 190 million worth of goods for the Chinese Bachelor Day, which was a 50% increase from last year.  How can you ensure that you receive what you’ve bought?  And how can you make sure that you actually receive what you ordered? This year, the Coronavirus crisis...

HOW TO ACHIEVE FINANCIAL CONFIDENCE IN A PANDEMIC

FREE WEBINAR ON TUESDAY 3RD NOVEMBER AT 8.30 PM Click here to register https://bit.ly/2Txm07t You should have saved your money for a rainy day. What is clear is that how people manage their money can tell you a lot about how safe and trusting they feel in the world and especially during a pandemic. It doesn’t matter how much you earn, but what you do with your money that really matters.  When you decide how you wish to live your life, you are empowered. When you decide how you wish to spend your money, you are empowered. When you invest your...

FINANCIAL GUIDELINES FOR THE SECOND CORONAVIRUS LOCKDOWN

Financial Guidelines for Every Family And Individual During The Second Coronavirus Lockdown.    The corona is a phenomenon. The response to it depends on you!  Beware in a short term crisis not to make a decision that will be a long term financial disaster. Guidelines Income: Treat the income you have today as a fact.  Try not to compare your income to pre-corona.  Appreciate what you have.  Calculating your precise income will help you streamline the expenses on things that are not really important to you Remember: For every income level, there are effective tools and solutions to be able...

CAN YOU AFFORD TO SEND YOUR KIDS BACK TO SCHOOL?

The 1st of September normally marks the beginning of the school year, where thousands of children will be returning back to school after the summer vacation.  However, this year, due to the threat of COVID it is still unclear how lessons will be conducted and how many students will be in a classroom. Regardless of whether the children will physically be in a classroom or they will be studying remotely, school supplies still need to be purchased.  Here are some of my financial tips on how to buy everything without breaking the bank. Ask the children to compile a list...