Orot Israel College Hosts Paamonim Financial Management Workshop

by Rabbanit Dr. Leah Vizel 
Dean of Students and Extramural Studies, Orot Israel College

Recently, Orot Israel College, in conjunction with the Paamonim organization, hosted another workshop on healthy financial management. The workshop was a natural extension of Orot’s belief that training future teachers includes enriching our students’ world in various contexts as well as demonstrating concern for their welfare.
Here at Orot, we believe that an educator’s role involves more than simply transmitting knowledge, and throughout our students’ training, we bring this ideal to life. Thus, Orot students and their husbands, who live in the married student housing on our Elkana campus, participated in a series of constructive and enjoyable sessions during the evening hours. Due to the large demand, we offered two parallel workshops, which were given by Paamonim’s Mr. Moti Gilboa and Mr. Shai Davidovich respectively. During the course of the sessions, the young couples were given practical tools for effective financial planning: an introduction to basic financial terms; an explanation of retirement and other social benefits in the workplace and their long-term significance; the significance of interest in reference to loans and investments; building a healthy attitude toward money; and much more. Geared specifically for couples at the same stage in their lives, facing similar financial challenges, the workshop even included a discussion of the participants’ own experiences.
The grateful couples sent the following note after completing the workshop: “We want to thank you for organizing the Paamonim workshop. This workshop is essential for everyone and especially critical and relevant for young couples. In addition, the statistics we were shown during the workshop indicate that 60% of the country’s citizens are in debt. Therefore, we feel that you ‘provided the cure ahead of the potential future malady,’ for at least some of the couples.”
Orot Israel College is proud to provide our students with the essential tools for managing their families’ finances.