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 changed.  One of the best ways to ensure your financial security is,  in fact, to budget.  Budgeting in your anchor and it will make sure that you get back on the path when any financial surprises come along and push you off course.

Remember to download my budgeting form and how to fill it out while you are visiting my web site.