Ways to choose a governing body and track in the “Savings for Every Child” program
Starting in January 2017, the state began depositing NIS 50 per month into a savings plan for every child under the age of 18. Parents can choose the entity that will manage the savings and the investment track. How can you join?
Don’t Throw Good Money After Bad: Understanding the Sunk Cost Fallacy
Is the expense already paid relevant to my future decisions?
Savings for each child, how and what?
As part of the National Savings for Every Child program, starting in January 2017, the state will save each child NIS 50 per month until the age of 18. As an adult, each child will be able to withdraw the amount he has accumulated and use it for his needs.
Recommendation: “Think Like a Freak” by Steven Levitt and Steven Dubner
Dvir Publishing, 240 pages.
A. B. of Paamonim
The second of the basic principles of wise housekeeping
Guide: How to talk to your spouse about money
Simulation activity that illustrates a situation of talking to your partner about financial issues.
Start the Jewish New Year with Financial Responsibility
The Jewish holiday season encourages renewal and shopping, but it can also lead to expenses that do not reflect a family’s actual needs or financial means. Advertising, special offers and the desire to impress others can influence purchasing decisions, especially after the costs of summer vacation and the beginning of the school year. Thoughtful planning, purposeful shopping and warm but modest hospitality can help families begin the new year with greater financial stability.
Recommendation: “The Common Mind” by Lior Soref
Kinneret Zamora Bitan Publishing, 231 pages