The Social Ventures Forum

Monthly Costs
Category	how much?	how much can I save
restaurants and Café	500	300
Buying lunch ,snacks and coffee at the Technion	600	100
Clothing	500	250
Mobile Phone	129	49
Helping my parents in cables and internet payments	250	80
Helping my parents in car expenses	500	300
security health	30	0
monthly expenditures	2509	1079

I live with my parents, so I do not pay rent, buying groceries, etc., however, I help on car payments and I pay for cable and internet package

Where can I save?

Car expenses - most expenses stem from fuel consumption, so I can drive around less. Also, proper maintenance of the car - through periodic inspections and testing of oil / water frequently can reduce monthly expenses by 40 percent.

 

Buying lunch, snack and coffee during the school day at the Technion - this is 24% of my expenses, these expenses can be greatly reduced if I bring a lunch and drink from home. I spend 100 NIS per month for just buying snacks and treats

 

Cafes and restaurants - I can eat more at home and less at restaurants, I could go to cheaper restaurants, I can use the coupons and find discounts. Also, if I'm eating at home before going to a cafe, I'll buy less but still would enjoy a social outing
I save NIS 200 NIS a month and still not give up on entertainment.

 

Cable and Internet payments - because I insist on cable television, I'm paying for them. I can save 170 shekels if I give up the cable and see my favorite TV programs on the Internet. On the internet I can not give up ..

 

Buying clothes - I can save by buying clothes that are brands and by buying clothes that I really need. Savings at least NIS 250 ...

 

mobile payments - if I moved from Orange eager Golan Telecom - for 49 NIS per month - I can save

80 shekels each month

 

Total:
I can save 1,430 NIS per month and 17,160 per year!!

 

Conclusions and tips:

1. Buy fewer brands
2. Eat more at home and less outside
3. Follow the discounts and bargain for the price
4. Well maintain sustainable products (like a car)

 

My most helpful tip:

At the beginning of each month, when getting paid, you can withdraw cash from the bank and split the money into envelopes:

Envelope of payments (taxes, electricity costs, water costs, etc.), an envelope for rent, envelope for spending, envelope for groceries and etc

So there is a budget for all expenses and you can track the budget and not deviate from it.

When splitting the money into envelopes, you can avoid seeing the big picture and you can track each domain individually

Another great tip

Never go the supermarket when you are hungry- avoid unnecessary shopping