Buying these “luxuries” costs us over ILS 70K per year (but we buy them anyway)

After that intro, let’s cut to the chase. We don’t buy all of these things every year, but on average we do spend a bit over 70K per year on things from this list. Here are the expensive things we do buy:

Insurance – Any eventuality that has the ability to wipe out your savings or put you in debt needs to be insured against. You need to decide what this means for you and buy insurance plans wisely as many agents will push you to buy policies you don’t need or that cover incidents you’re already covered for in order to gain their their commission.

Private therapy as needed – A couple years ago we did half a year of marriage counseling with a private psychologist. We met with her to resolve a particular issue that had the potential to get worse. We learned lots, gained tools and “graduated” right before the world shut down for COVID. Those skills became particularly useful during the lockdowns. Once in a while we still check back in for a refresher session. In retrospect, we couldn’t have chosen a better time to go. While therapy can be very expensive, investing in yourself and your relationships with those you love most is priceless.

Dates at restaurants – We like to eat. And as much as we make great inexpensive food at home, we do go on a few occasional restaurant dates here and there – and pay for a babysitter too.

Good supportive shoes – When you don’t have a car and walk as much as we do, good foot support is crucial.

Netflix – While it’s not that expensive, this is something that many people easily go without. We have the cheapest package. That’s enough for us.

Whole grains – While it does cost more, we are very into our whole grains – brown rice, whole tehina, whole wheat, etc. We’ve learned the best places and times to stock up.

Our kids are incredibly important to us. While we dress them in hand-me-downs and and don’t buy them tons of toys or junk food, we happily spend money to keep them happy and healthy. We don’t compromise on quality when it comes to ganim/schools and summer camps, good toys such as magnet tiles that will last them for years, books, chugim/after school activities that they enjoy. Our beloved babysitter even recently raised her rates and we happily obliged, because she’s worth it.

By cutting spending on things we care less about, we are able to invest more in the things that are most valuable to us – our children, ourselves and our financial future.

What “luxuries” do you currently have? What luxuries would you like to have in the future and how do you plan to pay for them?

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