Budgeting Your First Year of Aliyah

Budgeting is a crucial part in planning a successful Aliyah. The basic chart below can provide you with a basic picture of what your monthly expenses can look like in your first year after Aliyah.

Please note, the table is for cash out only and does not reflect savings or income. All sums are listed in Israeli shekel. The final sum listed in US dollars is working off a 3.5 assumed conversion rate between dollar and shekel.

Not included in this sample budget: initial costs of setting up a home, the cost of releasing a lift shipment, home maintenance costs, purchasing a car, clothing costs, charitable donations or savings plans.

 

Monthly Expenses Retirees (2) Family (6) Couple (2) Singles (1)
Rent 3,500-6,500 5,000-10,000 3,500-6,500 1,400-2,200
(for a room in an apartment)
Food 1,925-2,800 2,400-5,000 1,200-3,000 1,000-1,600
Phone/Cell Phone/Internet
(not including devices)
525-875 600-1,500 110-330 200-300
Utilities 
(water, electric, va’ad bayit, gas)
525-1,050 925-1,500 200-1,000 300-800
Municipal Taxes – Arnona
(includes 70-90% reduction)
250-800 250-800 250-800 100-200
Health Insurance 
(supplemental coverage)
0-875 0-740 0-160 0-160
Additional Insurance 
(life, home, dental, optical)
700-1,050 650-1,200 N/A N/A
Transportation 1,750-2,275
(includes fuel and maintenance of car)
1,800-3,500
(includes fuel and maintenance of car)
440-700
(monthly bus pass and occasional taxis)
250-350
(monthly bus pass and occasional taxis)
Entertainment 525-1,225 250-1,110 200-800 500-800
Children’s Education N/A 740-3,330 N/A N/A
Tutoring N/A 0-925 N/A N/A
After School Activities
(Chuggim)
N/A 350-1,000 N/A N/A
Childcare N/A 740-4,000 N/A N/A
Gym Membership 200-600 200-600 200-600 200-400
Total 9,125 – 18,050
($2,607 – $5,157)
13,905 – 35,205
($3,973 – $10,058)
6,100 – 16,990
($1,742 – $4,854)
3,950 – 6,910
($1,229 – $1,946)

For more information on financial planning for Aliyah, please read the article, The ABC’s of Aliyah Financial Planning.
For questions on financial planning, consider joining the Facebook group, Living Financially Smarter in Israel.

*This budget was updated in June of 2017*

2017-09-07T12:12:32+00:00 Financial Planning|