Saving money in Israel: Fact or fiction?

For the last five years as a Family Financial Advisor I have helped numerous families who were financially stuck become financially stable and that is due to the fact that 53% of the population in Israel over the age of 20 are in overdraft.  If we translate this percentage into figures, in 2014 there currently 8.4 million inhabitants in Israel, so we have an amazing figure of 4,320,000 people who are financially unstable.  Let make this figure a bit more personal and therefore half of your family are potentially living in overdraft are you one of the statistics?  Do you want to change this?

We live in a haven that we call our home and it is a place for our family to relax in and feel protected.  We work hard, earn well and we want a guarantee that we will make ends meet, reach our financial goals, financially assist our children and be able to retire.  The majority of you will not achieve even one of these points since there is a lack of a budget. If you do not know where you are going to financially the chances are that you end up nowhere.  If you are going nowhere you are going to be totally lost in the financial jungle.

Your gps to become financially stable is your monthly budget.

We all learnt the basics how to budget in grade 1, where we taught that 2+2= 4, 4 is our income minus 3 our expenses = 1 which is our savings. So we all know how to add and therefore, It is not just the numbers but the emotional aspects that influences are ability to budget.  We need to merge the rational and emotional traits in order to become financially stable.

We are all familiar on how to budget and there is so much information available at your finger tips about budgeting so how come you are still not financially stable? The answer is not that you don’t earn enough because as a family financial advisor I have worked with families with an income of 10,000 or 100,000 p/month and either they manage on their earnings or not.  It does not have anything to do with the level of your income it has everything to do with your MINDSET.

Living without a budget is a conscious decision that thankfully is easily reversed.

There is a need to merge the emotional and rational sides of how and what we buy.   However, this is an art, like budgeting, that needs to be learnt and implemented.  So I invite you to attend a day seminar on how to save money in Israel by prioritizing your needs and desires.  This unique seminar, in English, will include how to successfully budget incorporating the emotional and rational side and you will receive tips that are easy to implement on how to save over NIS 10,000 NIS from your passive expenses.  So at long last you are now financially stable without too much of an effort.  Doesn’t that feel good?

All you have to do to register to this unique seminar, is fill in your details on this page and become a member of my growing group of financially stable families.

The seminar will take place on 13th March, 2015, Merkas Yasod, 22 Issralist, Tel Aviv.  5 minutes walk from Azrieli and FREE PARKING . To register click here.

There are limited places at this seminar only available for people who see an opportunity to take control over their finances so don’t lose your place, register now.

To register:

About the Author
Suzy Kahati was born in London, UK and made Aliyah in 1983. She is divorced with three wonderful daughters and lives in the center of Israel.