Are you wondering why living a Frum life feels so financially overwhelming, even with a substantial income?
In this episode, host Eli Fried uncovers the surprising reasons behind the financial struggles faced by many Frum families.
Key Questions Explored in the Episode:
- What are Frum families doing wrong with their finances?
- Why is living a Frum life so expensive?
Eli will take us through the financial challenges that Frum families face, despite their often high incomes.
He focuses on the various factors contributing to the high cost of living, including large family sizes, yeshiva tuition, kosher food, and the expense of living in certain geographic locations.
Eli also touches on the social pressures that add to these financial burdens.
Using data from the Census Bureau and relatable examples, he explains the underlying math behind these expenses and reassures listeners that they are not alone in their struggles.
Key Takeaways:
- Frum families face significant financial challenges, even with high incomes.
- The cost of living is driven by factors such as large families, yeshiva tuition, and the need for kosher food.
- Housing and geographic location significantly impact the financial well-being of Frum families.
- Education costs are a major burden for many Frum households.
Time Stamps:
- 00:00 High Costs of Frum Life
- 05:27 Factors Driving Expenses
- 13:43 Housing Costs for Frum Families
- 18:02 Food Expenses in Frum Households
- 21:51 The Burden of Education Costs
- 28:12 Impact of Taxes and Government Policies
- 33:40 Additional Financial Pressures
Tune in to the full episode for valuable insights that can help you better understand and manage your finances.