Last week, we held the first in a series of meetings on the topic of sensible economic behavior, designed for the young adults and graduates of Lamerhav. The financial guidance model that we have developed in the organization is an innovative model that provides tools for economic behavior that advances the lives of young adults without a family support network, and allows them to plan their future in a beneficial and optimal manner.
In the workshop, we discussed various aspects of sensible economic behavior:
- How to be a smart consumer?
- What we should pay attention to and what factors influence us
- Tips on how not to fall into marketing traps and how to avoid unplanned expenses.
- All these lead us to our goal of awareness and control of our economic behavior
The next monthly meetings will deal with other issues, such as life with a budget, employee rights, credit and banks, and pensions and savings. We will continue to provide information, guidance and tools to help young adults to cope with the economic challenges that they are facing.
Do's and Dont's
- Decide in advance the price that should be considered.
- Do your grocery shopping according to a plan or a shopping list.
- Pre-allocate time for shopping.
- Pre-allocate the sum of money for shopping.
- Think what is good and helpful for you, rather than what is acceptable or what everyone else does.
- Ask yourself whether your habits are still good for you.
- Read the fine print.
Find out the monetary value of the gift you are given.
- Do not make big decisions in one moment.
- Do not let emotions cloud your judgment.
- Do not agree to unnecessary transactions. Take the time to think about it.
- Do not take things that you do not need just because they are “free”. There is always a cost.
- Do not buy just because the product is “on sale”. Think whether it is worth it.
Do not be confused – the salesperson is not your friend!