Here you will find the sample budget for a family of Olim planning their first year in Israel. This resource allows you to approximate the main monthly expenses you will encounter after making Aliyah.
| ASSUMPTIONS | |||
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MONTHLY EXPENSES |
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| Expense: | Cost: | Notes: | |
| Rent | 3,700-6,290 NIS | ||
| Transportation by Car | 1,800-3,500 NIS | Includes maintenance, registration and gas. (Public transportation costs up to 740 NIS.) | |
| Education | 740-3,330 NIS | ||
| Tutoring | 0-925 NIS | ||
| Childcare | 740-2,220 NIS | ||
| Food | 2,400-5,000 NIS | ||
| Phone/Cell/Internet | 600-1,500 NIS | ||
| Utilities | 925-1,500 NIS | ||
| Health Insurance (Supplemental Coverage) |
0-740 NIS | Reflects cost of supplemental coverage not included in the basic package. Basic coverage is free for the first six months, and can continue to be free for up to 12 months if you’re still not working. | |
| Other Insurance & Medical Costs |
650-1,200 NIS | Includes life, home, property and auto insurance as well as dental and optical care. | |
| After School Activities | 350-1,000 NIS | ||
| Entertainment | 250-1,110 | Includes TV license and cable; and an occasional movie, babysitter, family trip and eating out in restaurants. | |
| Arnona (Municipal Taxes) | 40-370 NIS | Reflecting the 90% discount received by new Olim during the first year. | |
| TOTAL | 12,195-28,655 NIS | ||
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START-UP EXPENSES |
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| Expense: | Cost: | Notes: | |
| House Setup | 3,700-5,500 NIS | Includes furniture assembly, electrician and plumber. | |
| Release of Shipment | 3,700-5,500 NIS | Depends on the size of the crate. | |
| Car | 55,500-160,000 | May be financed. Sum represents initial cost but does not include cost per year for car insurance, repairs and gas. Gas costs 300-400 NIS to fill up a mid-sized car. | |
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OTHER EXPENSES TO CONSIDER |
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| Expense: | |||
| Savings Plan | |||
| Charitable Contributions | |||
| Mas Hachnasa (Income Tax) | |||
| Credit Cards | |||
| This chart should be used as an estimate only | |||
For more information on balancing your family’s lifestyle on an Israeli budget, see Baruch Labinsky’s online Financial Planning Seminar:
(This article originally appeared on Nefesh B’Nefesh: http://www.nbn.org.il/aliyahpedia/getting-started-planning-aliyah/family-aliyah/sample-family-budget/)
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