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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Ways To Apply For A Personal Loan & The Reasons To Opt For This Loan.

In the present-day’s scenario, you may come across instances of unanticipated expenses. Going for an instant loan is the simplest way to tide over such a crisis. This kind of financial help does not include any security or collateral but comes with a high rate of interest and charges. For instance, suppose you opt for availing an HDFC personal loan through its website, now as it is instant in nature you will find that the loan’s rate will be higher than its regular counterpart. And to check the HDFC personal loan status, you may have to call on the bank or email to understand where your application is stuck. Once approved, you will receive a monthly HDFC personal loan statement denoting how much you must pay monthly and how much amount on your personal loan is outstanding. Read On To Know How You Can Apply For An Instant Personal Loan! What Are Instant Loans? A quick loan is a kind of credit that permits you to avail of a loan in a short time period with minimal steps. Through this, you can get instant funds in your bank at a rate of interest that is competitive with rates levied by other loan sources. Instant loans may extremely be helpful in scenarios of the immediate requirement of funds like medical payments, tuition fees, marriage-linked expenses, and a few instant buys. However, you can even opt for such loans in the case when you need to make a one-time payment and want to repay the same back in EMI form like in the scenario of a vacation or when purchasing a bike. What Are The Reasons For Availing Of A Personal Loan? 1. Professional or educational expenditures At times you might have to buy a laptop or have an awaiting assessment coming up for which you may require incurring additional expenses. An instant personal loan can assist you with such expenditures. 2. Healthcare exigencies There may be times when you may witness healthcare exigencies and require immediate funds. Insurance policies might not cover every healthcare process. Few treatments and diseases that you may require are not covered by such policies. An instant loan for a healthcare exigency is one of the best solutions in such cases. You can use the loan fund to pay for any healthcare expenses or therapies you may require. 3. Going on a trip Traveling to different places might often refresh your soul and assist you to break through the monotony of regular activities. Making daily savings for such holiday plans where you can aspire to build a good and healthy amount to make payment for the trip is always a good wise decision. However, making advance reservations for these expenses, especially hotels, and flights, can assist you to save a considerable amount of funds, hence lowering your thorough travel expense. To make such kind of advance payments, you can opt for an instant personal loan for travel and pay back the loan with savings later. 4. Clear your credit card dues A personal loan can come across as a good medium to clear off your high card dues as interest rates on a personal loan are considerably lower in the range of anywhere between 10 percent and 24 percent per annum compared to credit card finance charges of anywhere between 24 percent and 54 percent per annum. Thus, you might consider availing of a low-interest personal loan to repay your credit card dues. However, there are even credit risks involved. For example, availing of a personal loan can result in more debt. So, use the same only if you have no other financial choices, like the opening of a balance transfer credit card option. 5. Improving credit score A personal loan may assist you to increase your credit score. However, the crucial thing to consider here is timely repayments. Every time you successfully pay your debt timely, you will view that your score will stabilize and ameliorate over time. 6. Wedding expenditures Wedding is a big deal in India, and many tend to splurge a great lot of money on wedding festivities. Marriage expenditures can sometimes run beyond the budget owing to the desire to celebrate in an extravagant manner possible. In place of being financially stressed owing to this, you can avail of a personal loan to cover your wedding expenses and then pay back the loan in a monthly manner. However, being prudent financially during any celebration is a very wise habit. Availing of a loan to celebrate might seem simple but making repayment timely, especially when the family expands might be tough. What Are The Important Things You Must Know About Loans? Here are some of the important things you must be aware of regarding instant loans before you place an application for such kinds of financial help – A. High credit score – Having a high credit score of 750 and above will assist you to get quick approvals. Individuals who maintain a high score will even get a low rate of interest and favorable loan tenure. B. Processing charges – Many financial institutions levy a processing charge while processing the loan. You can check out the fees and charges before applying and then accordingly decide. C. Compare The Rate Of Interest Of Distinct Financial Institutions – It is important to compare the rate of interest offered by various lenders. It will assist you as a borrower in taking more efficient decisions that is in alignment with your repayment potential. D. Simple EMI repayments – Many of the online platforms provide easy EMI repayments for the loan – these permit you as a borrower to repay the money in comfortable, small amounts. E. Minimal documentation – Unlike traditional loans, instant loans include minimal or zero paperwork and can be taken up from the convenience and comfort of your home. F. Free early closure – Few platforms even provide free early loan closures i.e., you can pay back the amount earlier than the tenure you had selected initially, permitting you to not repay any further interest constituent. Read Also: Choosing a Mortgage Broker for Your Home Loan Application Get Fast Access to Car Title Loan during Bad Times How Do Construction Loans Work? Bridging Loans Explained

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.

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Related

What To Know About The Royal Bank Of Scotland?

What Is the Best Tax Software to Be Using in 2019?

Ways To Apply For A Personal Loan & The Reasons To Opt For This Loan.

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:

Share this Article

Metal Bank: Let’s Clarify Your Ideas

Good To Know Tips When Buying Or Financing An RV

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