The need for women to be proficient, active and involved in the financial management of their household has increased significantly in recent years.
More and more women from a variety of sectors in Israeli society are participating in the labor force, and their participation rate is 59% (compared with a rate of 65% among men).
As a result, women's contribution to the household economy is increasing and becoming more significant.
A household can consist of more than one person (woman, man, children), but an increase can also be seen in individual households.
For example, the bachelorhood rate (aged 29-25) rose from 13% to 48%, and from 2% to 11% at the age of 49-45.
The divorce rate in Israel is also rising.
Beyond that, life expectancy in Israel, which is high by global comparison, stands at 85 years for women and 81 for men.
The data indicate that there has been an increase in the number of individual households in the Israeli economy.
And alongside the need to manage the household budget in any household, the need for men and especially women to be knowledgeable and involved in the financial issues of the household is rising significantly.
So how do you approach the financial management of a household?
It all starts with planning and preparation - convening a meeting of those involved in the household (including children according to age and level of proficiency) and announcing entry into the process.
Most important is the issue of data collection, registration and organization by categories, both on the revenue side and the expenditure side.
On the revenue side, it is important to expand knowledge, among other things, on the issue of exercising rights, in areas such as social security, taxation and the like.
It is also necessary to set a target and expand information on the alternatives to saving the surplus income.
This is done with the help of information about what is happening and predicted in the country's economy and the world.
This can be done by reading the economic sections in newspapers, websites and more.
A very important issue in this context is pension savings, and here too - the acquisition of knowledge and information is extremely important.
There are many other financial issues that you should expand your knowledge on - so let's get started.
If you have any questions or topics you would like clarifications and extensions, I would be happy to help.
Please email me at hprizan@gmail.com.
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