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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.

The Kupa’s financial advisors met with the father and advised him to move to a smaller apartment and proceeded to guide him through the entire process, accompanying him along the arduous transition. They also helped him determine a workable way to pay off his debts. One year later, the family had moved to a different apartment and had reduced their mortgage payments by half, while the rest of their debts were repaid through a bank account that was kept separate from the one used for their daily expenses. Finally, they were able to breathe again.
The family was profoundly grateful to the Kupa’s financial advisor, who had worked closely with them and had shown them that there was no reason for despair. Suddenly, the gloom that had enveloped their lives had given way to the light of calm and stability.
As soon as the Kupa’s experts analyze a family’s situation, the light at the end of the tunnel begins to shine. When the problems are clearly identified it becomes much easier to determine the solutions. Take this story, for instance….
Sometimes, the trick is to take a good look at a situation and to make a levelheaded evaluation. After that, the sky can be the limit.