Did you get gelt on Chanukah? Which leads us to the next question: will you spend or save?
Ask around and people will have all kinds of answers for where they like to keep their money. Some prefer knowing their cash is on hand for whenever they need it. They might keep a stash of bills under the mattress or some other hiding place. For those who like to know their money is safe from thieves, the bank is the place to be. And then there are risk-takers who put their money into investments.
So many different options. Have you ever wondered where your money should really be?
Before deciding where to store your cash, it may help to know where you’ll get the biggest bang for your buck.
Yitzy is 12 years old. For three years his father has been paying him three shekels for every blatt gemara he learns. “The first few times I got my prize money, I was so excited. I ran to the makolet to spend it straight away on some nosh,” Yitzy tells me. “After a while, I realized that if I saved it instead of spending it all, I would have a really nice amount of money. I decided to save up for that electric scooter I really wanted. A new scooter can cost as much as 3,000 shekels. But a lot of people find really good second-hand scooters that cost about half that amount.”
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