Published Articles on topics ranging from a Pesach Budget to Supermarket-Psychology

The importance of Hanukka gelt
See article below for tips on teaching kids financial responsibility.

Pesach is no surprise!
So make your Pesach budget early in the year.

Plan your Pesach budget

I. Read our full length article on Supermarket Psychology
Jerusalem Post, October 25th 2009

II. Pesach and other financial surprises.
This article talks about financial surprises and tips for planing your Pesach budget in advance

Pesach and other financial surprises.

Pesach is no surprise – a surprise is something that comes about unexpectedly. Pesach on the other hand comes about at the same time each year. As soon as we have eaten our fill of hamentashen, Pesach is in the air – the stores have discounts on cleaning fluids, and kosher le’pesach cookies appear in even the smallest of grocery shops.

Pesach is the most expensive holiday of the year. The grocery bills are tremendous as we have re-stock our shelves from scratch. Suddenly we seem to need new cleaning products, and somehow we always find we’re missing a specific utensil or pans, cups or plates. And why is bread so inexpensive, but when it’s made into lechem ani (literally poor man’s bread) it costs a fortune?!

So how can we prepare for Pesach financially? Nowadays people try not to be slaves to Pesach cleaning, so how do we make sure we are not slaves to the Pesach payments?

The key to dealing with Pesach is to plan in advance. Estimate how much you spend on Pesach – include everything – food, wine, disposable dishes, family outings etc. Then add this into your annual budget. Try to set aside as much as you need each month so that when you get to Pesach you have the resources to cope. If you have not planned in advance then check your bank account and see how much you can allocate for the Pesach holidays. If you can keep to this amount you are less likely to go into heavy overdraft.

In the shops they will offer to split the payments on your credit card – but if you take 6 payments you will still be paying for Pesach when it comes to Rosh hashana and then succot! Here are some other financial tips to help ensure your financial freedom in the holiday of freedom.

1)Plan your menus in advance – make a list of when you are going to be home, if you are having company and exactly what you will be making. This way you can prepare an accurate shopping list. This will not only save you money by preventing impulse buying, but it will also save you time as you won’t keep popping to the shops for things you have forgotten.

2) Stick to your budget – try not to go over your allocated budget for Pesach, and when you are food shopping, remember to leave money for family outings.

3)For those people who receive money vouchers or extra money for chag from work use this money for the chag. The purpose of this gift is to help you get through the most expensive holiday, so use it accordingly.

4)If you do go into a small overdraft don’t worry. However, you will have to budget more carefully for the following month to make sure you get out of overdraft by the end of the month.

As with all annual expenses, the key to dealing with them with minimal stress is to plan in advance. Unlike the Jews in Egypt we have plenty of notice as to when Pesach is and should take the time to plan ahead.

Chag kasher vesameach Rifka and Suzy.

III.The importance of Hanukka gelt

Article Summary - Jerusalem Post Dec 21, 2008
Since the time of the Talmud, the idea of giving money to children has been associated with Hanukka. Traditionally known as Hanukka gelt, in more recent times this tradition has been replaced in some Western countries with presents.

Prof. Walter Mischel, of Columbia University, carried out research into delayed gratification, which is commonly known as the marshmallow test. A group of four-year-olds were told they could receive one marshmallow immediately or two later on. When the children were reassessed as adults, it was found that those who were able to wait to get the marshmallows got better grades in school and dealt with their problems better. This skill of delayed gratification is essential for making long-term investments, holding a portfolio and managing household finances.