Strengthening the family through sound finances
Kehilanews.com, Kehila News Israel Staff, Mar 21, 2019
With a vision to strengthen families in the Body of Messiah, E.L.Y. Israel offers believers sounds financial advice to improving their economic situation, gain financial independence and live a more abundant life.
“The idea is to give direction and guidance on how to manage our personal finances,” Naamah Smith of E.L.Y. Israel Families, told Kehila News Israel. “For example if they have credit card debt or if they can find a way to pay less for certain things. This is what we do — try to educate the families, and we also add a spiritual touch.”
Israel has a relatively high cost of living and lower wages compared to other similarly ranked countries. Many Israelis live paycheck to paycheck and with some sort of debt ranging from loans or mortgages to credit card payments. And apartment rentals can be as high as 50 percent of a single salary.
With all of this financial pressure, E.L.Y. provides practical advice for people on how to save money and cut expenditures. Some of their practical advice includes how to get the most out of your rights as a citizen; tips on saving money, lowering expenditures and getting out of bankruptcy; how to use the application, RiseUp, to take charge of one’s spending; and how to overcome emotions and traumas that influence bad financial management.