The Chanukkah feel isn’t found in crunchy latkes or jelly-filled donuts, but in the soft light of the menorah and the quiet strength it brings to our homes. It echoes the courage of a small group of men who refused to give up on what mattered, reminding us that in a world of tremendous materialistic pressure, our small acts of conviction make a difference.
This Sunday night, we’ll light just one small light. It looks as small as the tiny jug of oil that burned for eight days. Yet by next Sunday, eight flames will illuminate our homes.
We often think change needs to be dramatic, but most change begins with small, consistent steps. When it comes to improving your financial life, the same it true. Below are eight small steps that can turn little sparks of progress into a blazing fire.
1. Take a step back
Take a moment to honestly assess your finances. Are you clear about your current financial situation? Are you happy with it?
Summon up the courage to look at your recent bank statements. If you can name what’s bothering you, whether it’s financial stress, debt, or the subscription you forgot to cancel, you’re halfway to the solution.
2. Think a step forward
Picture where you’ll be financially in 10 years from now or past retirement.
Are you happy with this view? If not, what can you do to create a future that you’re ready to face?
A couple recently came to Mesila with practically no savings. When their coach asked about their long-term plans, they admitted that they’d just never thought about it. With a little guidance, she left her current job for better opportunities, and he began to pursue a side profession alongside his kollel learning.
It was that stark reality check that got them to start working towards change and start saving for their future.
3. Focus on the present
Once you’ve figured out where you’d like to be, think about what it would take to get there. Calculate your income, spending, and savings, and see if changes need to be made in your spending habits.
Then create a doable spending plan that you can actually stick to. Not one that has you living on bread and water or relying on the lottery as your primary income source.
4. Spread the light
Financial growth isn’t just about you. It’s a gift we pass down.
Our kids learn a lot about money from us, whether we like it or not. By sharing financial knowledge with them through ‘money talks’ and occasional reminders that “that toy doesn’t fit in our budget this month” or “swiping a card doesn’t produce money,” we’re raising financially responsible adults.
5. Stop impulse buys
Everyone loves a good deal, but impulse purchases often end up in the ‘why did I buy this?’ drawer.
Whenever you see an ‘I must have’ item or a deal that seems too good to be true, wait 24 hours and let your rational mind take over.
6. Ensure your security
Start building an emergency savings fund.
What’s an emergency savings fund?
It’s an easily accessible cash reserve set aside for sudden and unexpected expenses. The ideal fund will cover your basic living expenses for around 3-6 months.
Start small, and soon you’ll be prepared for sudden car repairs, medical emergencies, or ‘surprise’ bills that arrive in your mailbox.
7. Share the wealth
Living a healthy financial life means remembering that life isn’t just about us. Passing on your bounty through maaser and tzedakah teaches us important values and benefits others.
Of course, this does not mean giving beyond your ability or ignoring your family’s needs.
8. Celebrate your successes
Review your financial progress regularly. Celebrate extra savings, a sale item not bought, or a productive ‘money talk’ with the kids.
Those moments when your values win over materialism are moments that echo the soft light of the menorah. The power of strength that comes from your convictions.
