The great freedom is already here and with it the complex challenges in the financial field, and especially in managing the budget of households with children.
As a result of inflation and the rise in the dollar exchange rate, planning on these issues is gaining in importance this year.
It is estimated that the average monthly expenditure of households on the big holiday is about 30% higher than in normal months.
The main additional items that increase or increase significantly in the great freedom are:
Family vacations in Israel or abroad, summer camps, attractions (such as a pool, amusement park, movies, gymboree, etc.), babysitting, restaurants and fast food, and additions to current expenses (electricity, water, fuel, etc.).
So what should you do?
Vacation - Plan ahead for a budget that includes expected expenses such as flights, hotels, transfers, public transportation, car rental, shopping and food, and track its execution.
And if you can avoid traveling in August, then it is generally better.
Camps - Examine the possibility of price benefits provided to workers' organizations or a group of participants who sign up together, which you may be able to organize.
Also, consider organizing summer camps for neighbors, classmates and more, once the activities of the regular camps are over.
Attractions - Examine a visit to free attractions and try to reduce the cost of paying by using the benefits offered to various committees and organizations.
Babysitter - It is possible to organize several parents / family members together and thus save expenses in this area.
Restaurants and fast food - it is important to meet the budget allocated in advance.
Addition to household expenses - to ensure optimal use of electricity (turning off air conditioners when not in the room, etc.) and also paying attention to expenses in other areas.
If teens in the family are considering working on vacation, it is advisable to encourage them and strengthen the idea and execution.
The big holiday period, where the budget faces challenges, is an opportunity to also involve the children in managing the family budget (depending on their age).
They can also be allocated a budget for their personal goals, which will be formulated together with the family, and this can expand their financial knowledge and understanding and has the potential to increase cooperation among family members.
And the main thing - that it will be a pleasant vacation.
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