Shevet Halevi Advocates Financial Planning

Financial Future

Is it incumbent for a family to plan financially for the future? R’ Shmuel Wosner[1] writes, “It is obvious that for something that is the nature of the world, such as old age or marrying off children… it is a mitzvah to prepare in advance so that he will not become dependent on others.”

We can compare this to Yosef who saved from the years of plenty for the years of famine.[2] Likewise, a person should save up money for the time that he will have a large expense such as making a wedding.

Being independent financially is undeniably a Torah value. In Birchas Hamazon, we request not to make us in need of the gifts of humans or their loans — v’na al tatzricheinu Hashem Elokainu lo lidei matnas basar v’dam v’lo lidei halvasam. We see this idea elsewhere in the gemara[3] that cautions against becoming financially dependent on people.

Lack of financial planning translates into decisions being made by default rather than proactively. Inevitably, this nearly always results in a constant struggle to make ends meet, the inability to save and tension in the house. The saying goes, “If you fail to plan, you plan to fail.” We should merit to correctly plan financially.

As we have arrived at the final stages before publication, this is the final opportunity for dedications for the book about money, titled “Dazzling money Insights” (cover attached). Don’t miss out on the Dedication Opportunities, which can be given from Maiser money. It can be L’Ilui Nishmas, L’Refuah Shleima, an advertisement for a business, in honor of a special occasion or any other dedication that your heart desires. This is in addition to sharing in the merit of the Torah learned by each reader. For more information or if you have any questions, please don’t hesitate to contact me at yalt3285@gmail.com. Donations can also be given via credit card by clicking “Donate” at https://bit.ly/3oXYp2P. Any amount is welcome.