Cost of living or not, every Israeli family has its own habits and consumer behavior that affect its monthly expenses.
One family likes to vacation abroad several times a year, while another goes on an annual vacation in Israel; one family only buys brands, while another family buys according to the lowest price; one family prefers to cook and eat at home, while another family orders deliveries of food from outside every day .
The families, most of them all, encounter the same questions - where can we reduce?
How can you manage your money smarter?
What are you giving up?
And how do you even start?
Contrary to what the majority think, the wisdom is not to reduce immediate expenses and save, but to learn to plan the financial conduct in a correct way that will allow every family in every sector to live according to their income level without significantly harming their quality of life.
According to Osherat Shaham Katz, a financial consultant, food expenses are a significant part of the monthly budget.
"By all accounts, an average family came to me - father works in high-tech, mother is in a therapeutic profession, two children. Although the salaries were good, they had difficulty coping with the cost of living, and the big holidays did not make the situation easier with multiple expenses, especially on food." she explains.
choose more correctly
The answer, according to her, lies in planning: "Together we built a family budget and together we learned how to choose food-related expenses more correctly: checking which products are missing in the house before shopping, sticking to the shopping list without getting carried away by temptations, choosing products on sale over brands."
Wise choices will bring change after just a few weeks.
And if the conduct in an average family that gets drunk above the average is not easy, then in single-parent families or in families where only one of the spouses works, the situation is more complex.
Judit Glick, a financial consultant, tells about a single mother of twins who came to her with a deficit in her account and a large debt to the bank.
"Her monthly salary was 6,500 shekels, and it was simply not enough to pay for rent, food and clothing," shares Yehudit, "after we discovered that woman's abilities to fold laundry, she began providing laundry folding services in the area and created additional income for herself." .
Fresh food preparation
"Even families with many children find themselves kneeling under the burden," says Yehuda Yizraeli, a financial consultant.
"A religious family came to me, a young parent couple with five small children (under the age of 6). After examining the expenses and financial management, it was decided to become more efficient: stop buying ready-made food at the supermarket and switch to preparing fresh food at home. Food costs dropped significantly. Another thing we did Together, in order to improve economic conduct, he purchases clothes for the coming seasons in holiday and end-of-year sales."
"A financial advisor is the compass that tells the family where to go. His main role is to lead it forward, in all aspects," concludes Shay Abu, chairman of the Association of Advisors and Trainers for the Family Economy. do not do".
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