Are we financially free?

The start of spring and Pesach marks a time in the year that enables us to evaluate our financial future, and a degree of freemen that we chose for ourselves. The Pesach break allows us to determine whether our financial behaviors are ideal or whether bad choices are perhaps a degree of slavery in themselves.

This spring, and the upcoming summer grants an opportunity to select the disposal of financial slavery qualities. It’s in our hands to formulate a better financial plan for our future and to sleep soundly, knowing that the coming days are calculated, and that we have savings for the unexpected.

Previous generations lived with what they had, it was clear to everyone how one should conduct themselves financially. Saving for future generations was an essential must, and was an accepted way of life. There was financial clarity even during times of scarcity, when resources were limited. Clear formulas have disappeared and unambiguous and vibrant lines of financial conduct no longer exist.

Over consumption has become the norm. The supply chain is endless and products and services, mostly from countries proposing cheaper options and cheaper labor are easily purchased online and available to all age groups. Anything and everything is only a click away.

Tech innovations, along with the desire to equip ourselves with the latest and greatest gadgets stimulate rapid decisions to further enhance our consumption.

How do we stop the rapid race of life with the increasing practice of shopping? 

Take responsibility and learn to be financially viable

Naturally people possess the desire to succeed in the financial survival battle, striving to make the best choices, attaining and executing their civil rights, investing in the best insurance policies, securing appropriate pension schemes etc. Adequate Information required for making crucial decisions for improved home economics, is available online. However, often the flood of online data is confusing making it difficult for the user to comprehend and filter relevant information and recommendations.

It is clear that families who invest the time in studying adequate conduct and understanding of key principles of home economics will benefit from a healthier and enhanced financial future.  Those with a solid knowledge base will further benefit even when reaching out to professional money counselors, allowing for clearer understanding of questions and answers.

 A good place to start is setting personal and family priorities.

What are the things most important to us and cannot be waived. What is difficult to drop and what can easily be ditched?

Pesach entails high expenses and therefore provides an opportunity to set priorities and decrease expenses accordingly.