We’ve been staying with my Mom for the last couple of days, and like many times before, I find myself stricken by the contrast between our life and the life of people in town, if only an hour ‘s ride or so away.
My kids are very unused to being cooped up in an apartment 24/7, so naturally, I go out with them a lot. Luckily, there are many beautiful parks in the area where they can run, jump, swing, climb, and take out all their seemingly boundless energy.
One thing that really struck me every time we go out is how much people buy. It seems that possibilities to spend money are endless – clothes, toys, books, any kind of stuff you can imagine, as well as eating out. I hardly know what to think when I see a waitress moving forward with a tray that probably costs as much as we spend on food in a week.
I must be honest, and can’t say the only thing I’m thinking is, “sheesh, how much money are they throwing out, these mindless spenders!” Sometimes I feel a pang of envy, wishing that I, too, could just sit down and order a meal in a cozy cafe without comparing its cost to my grocery budget; or whip out a credit card, walk into a store, and buy heaps of clothes – things that smell beautiful and new and that had been owned by nobody before; and if the size doesn’t fit, why, I can just go to the saleslady and ask for a bigger or smaller one. These are things we have gone totally out of habit of doing, and most of the time I’m not sorry we can’t afford them.
The thing is, judging from statistics on income and poverty, I’m not sure all the people who are caught up in shopping sprees can afford it, either.
Last Shabbat, I participated in a Torah class led by a lady who brought out a variety of very interesting sources, which all seemed to point into one direction, essentially stating that borrowing money and being in debt is wrong from the Jewish point of view, and should be avoided as much as possible. Of course, many people who are not Jewish or even religious at all have come to the same conclusion regardless. The big stumbling block to this principle is, of course, a mortgage, without which buying an apartment is impossible for most Israelis in most parts of the country. When women pointed this out, the lady said that the best compromise she knows of is to take as little a loan as possible and settle for a modest apartment.
Being committed to avoiding debt, we have never taken a mortgage and bought, so far, two houses with cash. They were old and fixer-uppers, and many people would no doubt say they wouldn’t have chosen such a bargain, but I still consider it a good choice. Financial freedom does not come without certain sacrifices.
Would love it if anyone cares to share their thoughts on this.