Money Matters

The World Bank and modern economists confirm what the Torah taught millennia ago: societies that protect property rights thrive; those that don’t decay. Trust, not gold or oil, is the real wealth of nations.

Switching yeshivas is a significant life decision. It will be disruptive, and another school may have a different style, hashkafa, or other attributes that don’t make it your first choice. However, tough choices need to be made to address your predicament.

We notice what screams for attention: a fractured relationship, a career setback, a health scare. But what about what seems fine? A marriage that’s good enough. A spiritual life that’s lukewarm. A job that’s steady but uninspired. These don’t collapse from catastrophe. They wither from neglect.

In this piece, I will cover accounts that may not be top of mind, but can be extremely beneficial for frum families with a range of wealth, lifestyle, and personal circumstances.

I share this dose of reality: You don’t get a pass on math. If you do not have a high household income, you can’t live an extravagant lifestyle. You will need to make compromises on where and how you live.

The rule of thumb is to have three to six months’ worth of expense money in your account as a cushion in case a need arises.