Saving, interest and credit
The path is primarily for ages 13–18 and adult beginners. Younger children can learn alongside a parent or teacher. Levels describe prior knowledge, not a guarantee of suitability for every age.
What you will learn
- Explain why keeping the same number of shekels does not necessarily preserve purchasing power.
- Calculate the amount after the third year under the same assumption.
- Write down three things to check: redemption timing, management fees, and the investment policy.
Practice example
Inflation and Purchasing Power
100 ₪ bought a certain basket. If that same basket now costs 105 ₪, the same 100 ₪ is no longer enough for it.
Explain why keeping the same number of shekels does not necessarily preserve purchasing power.
Compound Interest: Time Makes a Difference
Assuming a constant 5% per year: 100 ₪ becomes 105 ₪ after one year and 110.25 ₪ after two years, before costs.
Calculate the amount after the third year under the same assumption.
Recommended sequence
- Inflation and Purchasing Power
Inflation is a rise in the general price level over time.
Level 2 · 3 minutes to read - Compound Interest: Time Makes a Difference
Compound interest is earning interest on interest that has already been added.
Level 2 · 3 minutes to read - Money Market Fund: Close to Cash, But Different
A money market fund is a mutual fund that invests in short-term assets with relatively low risk.
Level 2 · 3 minutes to read - Deposit, Checking Account or Money Market Fund?
A deposit is an agreement with the bank to place money under specified interest and for a set period.
Level 2 · 3 minutes to read - Loan: the money now, the repayment later
A loan is money you receive with an obligation to repay according to agreed terms.
Level 2 · 4 minutes to read - Fees: Small Numbers Add Up
Commissions and management fees are costs that reduce the investor's outcome.
Level 2 · 3 minutes to read
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