11 Ways to Save Money while Studying in Israel

Published on: 08 July 2019 Last Updated on: 11 September 2024

Israel is a wonderful country to visit. Whether it is the beautiful Mediterranean coastline, the religious landmarks, and historical sites, or the people themselves, there is always something to check out in Israel. However, it is no secret that Israel is not a cheap place to visit. The country is quite expensive by any measure so travelers would be well-advised o save money wherever they can. Whether it is currency conversions, the price of food itself, or accommodations, Israel tends to empty your wallet. What follows are some tips for saving money during your time in the Holy Land. Hopefully, by utilizing these you will be able to extend your stay in Israel or come home with a little bit more money.

1. Buy a RavKav:

RavKav

Image Source: upload.wikimedia.org

Instead of buying bus tickets from the driver, you’ll save money by purchasing a RavKav, which you can swipe on most forms of public transportation in Israel. You’ll save money on Egged buses and on the light rail in Jerusalem, plus you won’t have to dig for coins each time you get on the bus.

2. Don’t Negotiate with Taxi Drivers:

Taxi

Image Source: upload.wikimedia.org

There’s no way to come out on top when bargaining with the notorious Israeli taxi drivers. Instead, insist to the driver that he turn on the meter, and let that dictate the price of your journey.

3. Work out your Communication needs before leaving:

No matter what country you’re in, people will look to take advantage of travelers who failed to make all their necessary preparations back home. For this reason, it is imperative that you take care of your telecom needs before you leave for Israel. Renting a SIM card for Israel or domestic cell phone is a good way to go.

4. Supermarkets over Makolets:

Image Source: commons.wikimedia.org

The local makolet on your school’s street corner might be the most convenient place to shop, but everything will cost a lot more than at a larger supermarket. Do yourself a favor and avoid doing your heavy shopping there.

5. Street Food Instead of Restaurants:

Image Source: upload.wikimedia.org

With cheap hummus and shawarma widely available throughout the country, you’re never far from a tasty and inexpensive meal. Use this to your advantage and avoid eating out in expensive restaurants.

6. Improve your Hebrew:

Hebrew

Image Source: upload.wikimedia.org

It doesn’t matter if you’re dealing with the cellphone company, the bank, or your local pharmacy. It’s always more effective when you’re negotiating in Hebrew, and if you don’t speak the language well, try to bring someone along who does.

7. Avoid American Food Products:

Image Source: upload.wikimedia.org

Your favorite cereals and snacks at home are going to be extremely overpriced in Israeli stores, so for extra savings go with an Israeli brand. You’ll save money and get a better feel for what Israelis are eating!

8. Buy a Reusable Water Bottle:

Image Source: upload.wikimedia.org

Purchasing bottled water in Israel can add up, and there’s no reason to pay for it. Tap water in Israel is of the highest quality that can be found worldwide, so just fill up your bottle whenever you’re thirsty.

9. Buy from the Shuk:

Image Source: upload.wikimedia.org

Like other Middle Eastern countries, the best deals are to be found at the local marketplace. If you’re studying in Jerusalem, then a great place to do your shopping is in the Mahane Yehudah market, where all the local Israelis find the city’s best bargains.

10. Circumvent ATM Fees:

ATM

Image Source: upload.wikimedia.org

Most students studying abroad get access to their funds by withdrawing cash from Israeli ATMs. Don’t use ATMs that charge high withdrawal fees, so avoid using ones not connected to a recognized bank.

11. Work Part-Time:

money

Image Source: upload.wikimedia.org

There are plenty of opportunities in Israel for English speakers to work part-time. If you’re having trouble saving money, why not earn a few extra shekels on the side?

Travelling to Israel is exciting for anyone. If you’re fortunate enough to have a trip planned for some time in the future you will want to plan things out so that you don’t end up spending any more money than you have to. Whether you’re going through the whole country or just visiting Tel Aviv or Jerusalem, these tips ought to help you keep a little more in your wallet so you can enjoy your trip longer. Safe travels!

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How to become a sub-broker?

To become a reputed and successful entrepreneur, it takes hard work. In India, the opportunities for launching new businesses are umpteen, but the competition is fierce. There is no magic mantra that can help one company find success within record time. It requires dedication, perseverance, and knowledge. Sub-brokers are entrepreneurs with immense potential for making a profit. They are not trading members of stock exchanges, but they can act on the behalf of one. They can also assist business owners and new investors to buy or sell securities through registered trade members. The opportunities of a sub-broker business are plenty. If you have a fair idea of the share market and its products, it is going to be a rewarding business for you. In fact, it is a rewarding profession for novices as well. Anyone with the aptitude for share trading and the will to learn about the share market should be able to master the necessary skills of a sub-broker. What are the necessary qualifications of a sub-broker? The qualifying criteria remain more or less constant across the country for sub-brokers. Here’s a list of the edibility requirement for joining the elites – The person should have a graduate degree. Any subject should do, but the aptitude for share trading is a must. The applicant should have passed their 10+2 examinations at the least. They should know about the financial markets of the country. They should either have the qualification that gives them the knowledge of it or previous experience that gives them the insight of the share markets. He or she should also be able to manage basic financial transactions. They should have the latest information on the economic, socioeconomic, political and environmental scenario in the country. That is because every change in the scenario impacts the share market. They should know how to operate computers. The applicant must also be able to learn specific trading and monitoring software necessary for the process. Nothing can replace good communication skill for sub-brokers. They should be able to convince and comfort their clients during and after investment. It is a highly competitive niche and reliable skills of communication can give you an edge over your competitors. They should be good at management. You must remember that every business is about great management. Nothing can take the place of management when it boils down to man, market, and money. The aspiring sub-broker should clear the basic NISM modules on mutual funds, equities, F&O, and commodities. These regulations ensure that all sub-broking work should follow the completion of these modules. How to find a stockbroker to work with? Next, it is time for the sub-broker to find a broker as a partner. It is the most crucial step towards setting up the sub-broking business and you need to keep a few things in mind before you go down this path – i. Pick a good broker Finding a good stockbroker does not mean looking for one with a lucrative office or higher profit share. The broker you should look for should be reputed in the market, should be trustworthy and active. Make a list of the priority values you want to see in your stockbroker. Consult with your friends, family and fellow sub-brokers during the selection process. Check the broker’s profile before you go into business with him or her. ii. You should be ready for the full-time commitment Being a sub-broker is not a part-time hobby. It is a business and a full-time commitment. You will almost never be off the clock. Even when you will be away from your desk, you will be receiving updates on your mobile phones. Staying connected 24/7/365 will ensure that you will always be ready when a big business opportunity knocks on your door. iii. You need to be more than the average sub-broker Clients expect a lot more than the usual assistance and dealing. It is a competitive market, and you need to cater to your clients’ needs for market advice, investment aide, and product selection. Every client now deals in multiple products like mutual funds, currency, equities, and securities. It has become the responsibility of the sub-broker to advise them on the selection of products to avail the best investment opportunity at the time. What are the finishing touches of becoming a fine sub-broker? Get your own client database Becoming a good sub-broker takes a lot of practice and time. It is important to have databases of people, who are likely to become your clients soon. It is possibly the only profession where cold calls are still valuable and useful. The first stage of the database may consist of your family, friends, ex-colleagues and social media contacts only, but you need to start working on that data. You will have to go through multiple rounds of meetings with your clients, explain the prospects, your business USP and their chances of making profits in the long run. Build your network Finding a reliable sub-broker is a challenge for many regular share market clients. You need to fill that gap and become the sub-broker they can trust. So, do not push sales from the first round of calling and meeting. Ask for references once you establish a relationship with the client. Attend networking meetings. They might be a tad bit cliché, but they are always effective in getting new leads for the new sub-broker. Yes, you should expect to find them the moment you step in. It will take some time for others to warm up to you and for you to notice the new opportunities in the market. Keep yourself updated Lastly, no great sub-broker can remain great without regular brush-up of their market knowledge. So, go ahead, install some of the best market update applications, follow rewarding share trading blogs and follow the news on the changes in the financial policies of the country that can affect the market. To offer your clients a little more than the next sub-broker is offering, stay updated with the international market news as well. The ups and downs of the global market always influence the prices in the Indian share market. Read Also : How To Choose The Best Broker For You How Real Estate Factors Into Business Decisions

Features To Ensure Success Of Your Money Saving Service

We all have plans and dreams. Nonetheless, to implement them we need financial resources. Todays’ advanced technologies offer a solution to collect the sum we need. So, we shall discuss how to design a great saving application to help people build their dreams into reality, and how you as an owner can succeed as well. Interested? Let’s get down to business. Functionalities a money-saving platform should provide Let’s explore what parameters are critical for users. # Profiles It’s pretty obvious that, first of all, a person downloads an app and sets up a personal profile. Try to keep those processes simple and straightforward. People shall fill in a certain form to specify some information, including the financial one. It’s okay if the account activation takes some time since all customers’ details must be processed and verified carefully. We’re dealing with money issues, thus, everything shall be checked adequately. # Bank account involvement A budget framework shall allow the audience to connect their bank accounts. Here the trick is for app owners to cooperate with multiple financial facilities to make such a feature available for every individual. Moreover, it would be amazing if you also find some solutions for those persons who have no bank accounts and who choose other ways to manage their finances. That approach will enlarge your target audience. # Possibility to set several goals Setting goals is a pretty fascinating aspect of an online money resource. Let’s assume that a person starts applying an online system to save some funds and enforce ceratin plans that demand specific monetary investments. It could be anything, say, university fees or vacations. Thus, a user takes advantage of a financial program and sets a goal to implement a particular plan he/she has. If you want to create a successful app, you shall allow your people to name that plan, put deadlines if it’s required, provide a brief description, etc. That’s how a saving procedure starts. In most cases, customers have the following goal variants: travel; vacations; gifts purchasing; nest egg for a rainy day; others. Clients will appreciate not being limited to implement only one plan at a time, so individuals shall be free to set multiple goals to realize their desires. Speaking about allocating funds to specific goals, you could provide a few options here. The thing is that some users would prefer to take the total withdrawing sum and divide it equally between all current plans, while others would rather specify how much money specifically shall be sent to each goal. Just remember to keep your money-saving application customizable. And after a person manages to save the sum he/she put as a target, budget software shall stop allocating funds to that particular goal, however, the money shall still get sent to other ongoing plans, if any. # Withdrawal options Every decent money manager platform shall ensure that its customers can withdraw cash from their accounts when they need to. Moreover, no-fee and no-commission policy will be highly appreciated. Additionally, it would be a brilliant idea to give your people several options to withdraw money. Let’s say, chatbots could be one of the tools. Still, the audience needs to be patient, since the processing of such transactions is time-consuming, meaning, individuals will have to wait for the funds to get returned to their main accounts at their requests. However, you could offer specific options for those who can’t wait: say, you might impose a $1 charge to make transfers instant. It’s your call. # Overdraft-proof Your clients shall not worry about possible overdrafts, thus, think carefully about how you could protect their accounts. You could ask users to determine the amount of money that must remain on their accounts at any time. In such a way, an online financial service won’t be able to take the money, in case that indicated mark is already reached. Nevertheless, if some technical issues occur and a money-saving framework withdraws too much, a specific algorithm shall be launched to refund the difference and reimburse all overdraft fees. Make sure you discuss those options with the development team you hire. # Unique features Nowadays, you can find a great variety of diverse financial resources, thus, your objective is to come up with one-of-a-kind parameters to differ from others. Here’s an idea for you. The reality is that many people have to pay off their debts. Of course, they can simply borrow the amount they need, but it’s better to have several options to deal with those issues. Besides bank loans, people can also resource to online money-saving systems. Your program can help people deal with their debts. Clients can set specific debt settlement goals, attaching their credit cards to your platform. The process could be completely automated, and a specified amount will be allocated to pay creditors. If you impose special conditions, you can help your customers repay debts faster. Think about it. Of course, you can brainstorm more to generate other great unique features to bring a wider audience. # Smart notifications Individuals will enjoy the possibility to communicate with an application they use, and text messages will do the magic. Clients need to know their accounts’ statuses, moreover, the messaging notification system can update users on any important news. The audience might want to set the service to receive requests to write off funds, and more. Additionally, people could use particular code words to launch certain activities. Just be creative, don’t limit yourself, and you’ll find multiple ways to assist your customers making them happy. There’s one more aspect we’d like to discover this time. Benefits a saving app shall provide Every app shall serve to resolve certain problems people have. The below-mentioned ideas are for you to keep the audience pleased with your online solution: Special bonuses. Why not offer your active users certain bonuses, say, a 2% annual bonus? That would be a nice touch of yours. Chatbot assistance. A person might need some financial advice, so think about how chatbots could help with that. Setting numerous goals. As we’ve mentioned earlier, that would be a great idea, since it’ll improve customers’ online experience. Automatized processes. It’s in your hands to help clients enjoy the saving process: let them stipulate the amount to put aside and make your framework to take care of the rest. Regular updates. Don’t allow your audience to feel lost, not knowing what’s happening with their accounts. Update them constantly. Referral bonuses. You could be grateful to people who bring new users to your program by giving them, say, $10 or so. Keep it simple. Individuals will really enjoy your application if it is user-oriented and appealing. Web interface. Some people would rather prefer web resources, so consider developing it as well. We believe our hints and tips will help you consider key aspects of money-saving system development to build a successful and credible service. Read Also: How to Become Financially Stable Before Age 30 How to use IT to Save Your Business Money The Importance Of Saving: The Bedrock of a Bright Financial Future

How To Invest In Cryptocurrency Without Buying Any?

I hope I don’t need to explain what is cryptocurrency now, you are already well aware of that. Cryptocurrency is not that straight forward you know. You need to have some exposure to it and then you could go on to invest in it. Well, if you are going to follow Warren Buffet’s remark that one must not invest in something which is hard to understand- it might not work here I tell you. Just have a look at the performance of Cryptocurrency. The prices of Bitcoin in the year 2020 March covered a massive long jump from $5000 to $60000 by April 2022. Therefore it's not wise to avoid Crypto! But how to invest in Cryptocurrency without buying it directly? You could buy bitcoin with credit card. So let's begin… How Do You Invest In Cryptocurrency Without Buying? Cryptocurrencies had been a dream run from 2020 to 2021. In November 2021, while cryptocurrencies were at the top of the price charts, the Crypto Winter reversed a majority of the registered gains that year. The simplest way to expose to crypto investment instead of buying crypto itself is by purchasing stocks within the company. This is not that easy and might take some of your time. So what's the problem? There are some ways through which you could go on to procure exposure to Cryptocurrency without investing in it. 1: Investing In Companies With Crypto Interests You could go on to maintain a balanced portfolio by identifying the companies that have interests in Crypto rather than buying the shares in a Crypto company. This will be beneficial to you. This is because it will not only allow you to invest in the companies where you see there is potential, but also it will allow you to keep your investment permeated within the broader fund. For example, if you invest in Vanguard, you could go on to use the holding search of the sites to trace all the Vanguard funds that constitute a specific organization. Here are some of the examples of business organizations that add Bitcoin to their business. Microstrategy(MSTR). Bitfarms (BITF). Marathon Digital Holdings. Galaxy Digital (BRPFF). 2: Invest In Cryptocurrency-Related Business You could also consider investing in Crypto-related businesses. For example, there is Marathon Digital Holding which creates the largest Bitcoin mining company in North America. There is another suitable option and that is Riot Blockchain (RIOT). This will help provide you with the required exposure as well as cryptocurrency news that will give you the required knowledge base. 3: Investing In Crypto Infrastructure Do invest in the companies that have stakes in the Cryptocurrency industry. This is just like Gold…you could either go on to invest in Gold itself as well as in the infrastructure that surrounds Gold. Thinking of Miners?..the material required for mining activity?... That's the Blockchain Technology instead of energy and oil I tell you. So it's safer. There are a handful of public companies that are presently handling Blockchain, so you may think of investing there. 4: Exchange-Traded Funds (ETFs) ETFs are like some container of stocks but their function is like that of Equities and Mutual Funds. If you go on to purchase a unit of an ETF it will provide you with the required exposure to investing in Cryptocurrencies. Within the ETFs, there are diverse industries. And all you have to do is to pick one industry. Well, you could take ETFs with Blockchain firms. Some of the good etf Blockchain Options you have: 1. BLCN- This holds Accenture and Coinbase. 2. LEGR (Process ETF and the First Trust Indxx Innovative Transactions)- The holdings include Fujitsu and NVIDIA. 3. BLOK (Transformational Data Sharing ETF)- Well, this is by far the biggest Blockchain ETF with Holdings and they include Microstrategy, Square, and Paypal). 5: Be Cautious If You Are Investing Directly Mind that you are not experienced enough and you are going to invest in Cryptocurrency directly! Well, you ought to be cautious. There are a few ways through which the risk could be lessened. There are some credits that go on to offer rewards on Cryptocurrency. You don't have to have to invest your hard-earned dollars in it! Another way you could mitigate the risk is to invest in Stablecoin. They are a bit similar to the traditional Cryptocurrency but they are backed by real-world assets. This acts to significantly drop the value. Bottom Line Investing in individual stocks could carry similar risks as an investment in cryptocurrency. Do you think that you are going to get away with this kind of shadow practice? Let me tell you that not these stocks or specialized ETFs are a form of guarantee. There is the ambiance of volatility and it is akin to what can be seen in the Crypto markets. For more updates on topics related to cryptocurrency prices, stay tuned to our website. Have any queries? Let’s talk in the comment area below. Read Also: 7 Reasons Why Crypto Is The Best New Side Hustle For You Exciting Facts About Cryptocurrency And Crypto Wallets What is the Best Instant Cryptocurrency Exchange? 5 Best New Cryptocurrencies To Buy in 2022

11 Ways to Save Money while Studying in Israel

1. Buy a RavKav:

2. Don’t Negotiate with Taxi Drivers:

3. Work out your Communication needs before leaving:

4. Supermarkets over Makolets:

5. Street Food Instead of Restaurants:

6. Improve your Hebrew:

7. Avoid American Food Products:

8. Buy a Reusable Water Bottle:

9. Buy from the Shuk:

10. Circumvent ATM Fees:

11. Work Part-Time:

Metal Bank: Let’s Clarify Your Ideas

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Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

How to become a sub-broker?

Features To Ensure Success Of Your Money Saving Service

How To Invest In Cryptocurrency Without Buying Any?

11 Ways to Save Money while Studying in Israel

1. Buy a RavKav:

2. Don’t Negotiate with Taxi Drivers:

3. Work out your Communication needs before leaving:

4. Supermarkets over Makolets:

5. Street Food Instead of Restaurants:

6. Improve your Hebrew:

7. Avoid American Food Products:

8. Buy a Reusable Water Bottle:

9. Buy from the Shuk:

10. Circumvent ATM Fees:

11. Work Part-Time:

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related