RBS Tzedaka Fund
Financial Support
Guidance, Recovery
“I have no money,” the man said, his gaze downcast as he spoke, “but there is nothing I can do about it. It’s simply my bad fortune,” he added in a defeated tone.
The Kupa’s experts were not convinced that he was correct. They examined the family’s finances thoroughly and discovered that they exercised poor financial management. The family was paying a huge mortgage, which was consuming about sixty percent of their income. When they questioned the reason for the excessive mortgage payments, they discovered that there was a heartrending story behind it. As a child, the father of the family had suffered greatly from his own parents’ need to move frequently and had lived in over a dozen different apartments. Pained by the instability of his childhood, he had always promised himself that his own children would live in an apartment that he owned, and that they would not have to suffer from the uncertainty and constant change that come along with frequent moves. In order to keep that pledge to himself he had purchased a large, expensive apartment, and now the majority of his income was going directly to the bank. The family was mired in debt and any money they made was immediately swallowed up by their debts.