Up to 30,000 shekels extra: Israeli families face tough months ahead

Analysts at Behad Finance Group have calculated that Israeli middle-class families will need an additional 19,500 to 31,500 shekels beyond their usual income in the coming months due to back-to-school preparations, the Tishrei holidays, and expensive Sukkot vacations. Experts warn that attempts to cover the shortfall with loans could lead to a debt trap.

Analysts from the research department of Behad Finance Group warn that Israeli middle-class families will face significant financial pressure in the coming months. According to their calculations, combined expenses for back-to-school preparations, the Tishrei holidays, and Sukkot vacations may require an additional 19,500 to 31,500 shekels beyond the usual monthly income. The first hit to the budget will come in mid-August—purchasing school supplies will cost 3,500–5,500 shekels. Then, during the Tishrei holidays, spending on food, gifts, and clothing will increase by another 5,000–7,500 shekels. The most costly item will be the Sukkot vacation, which could require up to 18,500 shekels. Behad Finance Group CEO Ori Lusky notes that all these expenses are predictable and recommends spreading large expenditures throughout the year by building a reserve. Specialists warn that using loans to cover the shortfall could turn a temporary cash shortage into a prolonged debt burden.