Your Pessach Shopping Made Easy

Click on this link to download the Pessach Shopping List 2019. Pessach shopping list The key to dealing with Pesach 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...

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...

FINANCIAL GOALS THAT YOU CAN ACTUALLY KEEP!

2019 is looming over the horizon and together with the New Year comes our New Year’s resolution to improve our finances, as we promise ourselves that we’ll do better than in 2018.  However, most of us will set some grandiose financial goals that are almost impossible to attain like eradicating debt within 6 months! In this post, I will be giving you some financial guidelines that you can easily implement to help you set realistic goals with achievable targets.  So buckle up and let’s begin our journey into 2019. Mindful spending – make a conscious decision to spend less than you...

HOW TO REALLY SAVE MONEY WHEN SHOPPING ON LINE

How to really save money when shopping on line. When Black Friday comes along it brings with it temptation to buy items with a very attractive discount.  While I encourage buying items online to save money, it is always good to decide what you want to purchase ahead of time.  However, to make sure that your money does not disappear because of a shady vendor, here are some tips to ensure that you buy with a fantastic discount and receive the goods. Choose a reputable vendor If you shop on line on a regular basis and you want to take...

HERE IS MY SPECIAL ROSH HASHANA GIFT JUST FOR YOU

It’s hard to believe that another year has passed and it has been an exciting year for me and my business.  Today I want to share some of the success stories with you I had the privilege of helping families achieve their financial goal of being financially stable and debt free. “For years (actually, decades!) I lived in financial chaos – having little idea where my money was spent and no concept of budgeting or planning for the future. Within a couple of months, Suzy had straightened me out, helped me say goodbye to most of my credit cards, taught me the...

HELP!! I’VE RUN OUT OF MONEY

I specialize in families who deal with a fluctuating income and are financially challenged every month.  They have to prioritize expenses in order to adhere to the golden budgeting rule:  “Spend less than you earn”.   August and September are when most families are financially challenged, so this article is a guide for all families, whether they have a fixed or fluctuating income. Make sure you pay all the critical expenses that must be paid each month:  those with a fixed or variable amount, such as mortgage, rent, arnona, water, electricity, communications and insurance.  Not paying these expenses means that you...

POCKET MONEY AND THE SUMMER

The summer break is in full swing and our children are enjoying their well-deserved vacation.  They might be in a day camp (kaytana) or a summer camp, yet when these activities are finished they have to entertain themselves.  Most children will need funding for the duration of the vacation. Here are some of the options: The child was given pocket money throughout the year and a percentage was saved for the summer vacation. If this is not your child, please start implementing the giving of an allowance on a routine basis. The child worked throughout the year or is working...

Planning Your Destination

As a young girl growing up in England, one of my late father’s favourite pastimes was going on walks with his brother.  He automatically included us children in his plans without offering us any option! My father started planning ahead of time: he scheduled a date, then took out the maps and guide books and he chose a walk.  Next, he planned the drive to the selected location.  I used to be amazed how we would drive for hours and always arrive at our destination without getting lost.  The ramble inevitably had a pub in the middle where my father...