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As many of us know, Pesach can be an expensive holiday. 

In fact, it’s ironic that the matza or lechem ani (poor man’s bread) is anything but cheap. 

For those of you who may feel stressed about your Pesach expenses, here is a Living Financially Smarter in Israel Tip: 

Add up the costs of everything, including extra expenses you paid for Chag. 

Divide the number by 11 and then, starting from the month after (which would be April 2021 this year) put that exact sum aside each month in the bank. You can do this through the bank. 

What is the benefit of doing it this way?

If you do it through the bank with a Pakam or Peri, which are savings plans that one can add money to and take out money from any day, plus the interest is minimal. So you may not be doing it for the interest, but rather for the convenience of putting money aside, which you can take out and use for the next Pesach!

May you always feel freedom, this year and every Pesach! 

Chag Kasher v’Sameach! 

Rifka Lebowitz

Financial consultant, author, public speaker, and founder of a 30,000 member Facebook group called Living Financially Smarter in Israel. I’m passionate about helping English speakers understand their finances, feel comfortable with their money, and succeed financially – in Israel.

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