Are all shekels created equal?
The economic thinking of the nineteenth and early twentieth centuries, was based largely on the idea of the “economic man” . According to this view, the economic person is a rational, logical creature who tries to achieve maximum benefit according to the information and resources at his disposal at any given moment.” This idea lasted […]
The Guide to Living Debt-Free: Know Your Obligations
The impact of obligations on our lives is not only reflected in the practical aspect of daily conduct. The effect also penetrates deep into the soul and can be destructive: weighing on the soul and sitting on the heart at every moment. If we felt this way because of any other problem, such as a […]
Thinking about taking out a loan? Check your monthly repayment capacity
Taking out a loan today is quite simple, too simple, how to repay it is much more complicated.
The Guide to Living Debt-Free: Plan a Debt Settlement
The basis for debt repayments is handlingthe monthly repayment capacity, i.e., how much money we have left after subtracting expenses from income. When the monthly repayment capacity is lower than the monthly debt repayment amount, action should be taken to change the debt system. Such a move is called: debt settlement. In order to […]
Budget Managers: How to Build a Budget
A budget is a tool used to determine a home’s economic goals (expenses versus income) on a monthly average
How do you get out of debt? The Complete Guide
If you, too, are under the suffocating burden of debt, the distance between you and a debt-free life is only a matter of decision. So make a decision and get going. Four steps separate you from a good and quiet economic future.
Budget managers: understand the situation
Do you live off what you have every month or do you increase your debts every month? How do you sketch this reality? Start by carefully examining your expenses, income, debts, and savings. This stage is called “mirroring.” The purpose of the mirroring is to provide information about the financial conduct of your household. Effective […]
Budget Managers: Making the Decision to Make a Change
A thought that may be going through your mind right now is: Is it possible to manage a household economy in a balanced way and live in dignity? Were people who were in our situation able to get out of it?