Israeli Budget Planner
Community64/100The Problem
Israeli household budgeting requires understanding unique local costs like arnona (municipal tax), mashkanta (mortgage) track regulations, mandatory salary deductions (Bituach Leumi, Mas Briut), and Israel-specific savings vehicles (Keren Hishtalmut) that differ fundamentally from other countries.
Author: @skills-il
Plan household and personal budgets with Israeli-specific costs, rates, and financial products. Use when user asks about budgeting in Israel, mortgage (mashkanta) calculations, arnona rates, cost of living, "takciv", or monthly expense planning. Covers Bank of Israel prime rate, mashkanta tracks, arnona by city, Sal Briut costs, and Israeli household benchmarks.
npx skills-il add skills-il/tax-and-finance/israeli-budget-plannerWhen to Apply
- When planning a monthly household budget with Israeli-specific expense categories
- When calculating mortgage (mashkanta) payments across different track types
- When comparing arnona rates and cost of living between Israeli cities
- When understanding mandatory salary deductions (Bituach Leumi, Mas Briut, pension)
- When evaluating Israeli savings vehicles (Keren Hishtalmut, Kupat Gemel, pension)
Israeli Budget Planner
Key Financial Rates
| Rate | Value (Reference) |
|---|---|
| BOI Interest Rate | 4.50% (check boi.org.il) |
| Prime Rate | BOI + 1.50% = ~6.00% |
| VAT (Ma'am) | 17% |
| Minimum Wage | 5,880.02 NIS/month |
| Average Wage | ~12,500 NIS/month |
Mashkanta (Mortgage) Tracks
| Track | Rate Type | Range |
|---|---|---|
| Prime-linked | Variable | Prime +/- 0.5% |
| Fixed unlinked | Fixed | 4.5%-6.5% |
| CPI-linked fixed | Fixed + CPI | 3.0%-5.0% + CPI |
| CPI-linked variable | Resets every 5 yrs | 2.5%-4.5% + CPI |
BOI rules: Max LTV 75% first home, max 33.33% variable rate, max 33.33% CPI-linked.
Arnona by City (NIS/sqm/month, approx.)
- Tel Aviv: 85-130
- Jerusalem: 55-80
- Haifa: 45-65
- Beer Sheva: 35-50
- Raanana: 70-95
- Herzliya: 75-100
Monthly Budget Template (Couple + 1 Child)
- Housing: 4,000-8,000 (25-35%)
- Food: 2,500-4,500 (15-25%)
- Education: 1,500-3,500 (8-15%)
- Transportation: 500-1,500 (3-8%)
- Arnona: 400-800 (3-5%)
Savings Vehicles
- Keren Pensia: Tax-deductible, locked until retirement
- Keren Hishtalmut: Tax-free after 6 years
- Kupat Gemel: Capital gains exempt, 6-year lock
Metadata
GitHub:israeli-budget-planner
installs:0
views:28
reviews:0 (0.0)
Created:March 3, 2026
Updated:March 3, 2026
Supported Agents
Claude CodeCursorGitHub CopilotWindsurfOpenCodeCodex
Tags
budgetmortgagearnonacost-of-livingsavingsisrael
Best Practices
- Always use net salary (after deductions) as the starting point for budgeting, not gross
- Verify current BOI interest rate at boi.org.il before calculating mortgage payments
- Check your specific municipality website for exact arnona rates, as published averages may differ
- Factor in seasonal expenses (holidays, back-to-school, annual car costs) as monthly reserves
Avoid
- Do not use for business accounting or corporate financial planning
- Not suitable for tax filing or tax optimization strategies (use israeli-tax-withholding)
- Investment portfolio management is outside the scope of this skill
Try These Prompts
First Home Mortgage
I earn 15,000 NIS/month. Calculate how much mashkanta I can afford with a mixed track strategy per BOI rules
Tel Aviv Family Budget
Create a monthly budget for a family of 4 in Tel Aviv with combined income of 30,000 NIS
City Cost Comparison
Compare the monthly cost of living between Tel Aviv and Beer Sheva for a young couple
Savings Vehicle Optimization
Explain the tax benefits of Keren Hishtalmut vs Kupat Gemel for a salaried employee earning 18,000 NIS
Security Analysis
64/100
Trust Score
Code Quality65
Permissions85
Data Handling60
Publisher Reputation40
Maintenance60
Documentation78
Pending reviewv13/3/2026
Checks Performed
Snyk Agent Scan (Not scanned)
Cisco Skill Scanner (Not scanned)
Skill spec validation
Tool permission scope analysis
Content pattern scanning
GitHub repository verification
Code quality assessment
Maintenance activity check
License verification
Quality Score
67Architecture70
Maintainability65
Content82
Spec Compliance85
Community35
Frequently Asked Questions
What is the current prime rate in Israel?
The prime rate (Ribit HaPrime) is always the Bank of Israel base rate plus 1.5%. Check boi.org.il for the current BOI rate. As of reference, it was 4.50%, making prime approximately 6.00%.
How is arnona calculated?
Arnona is calculated as rate per square meter multiplied by your apartment size. Rates vary by city, neighborhood, property type, and building age. Discounts are available for olim, elderly, disabled, low income, and single parents.
What percentage of salary goes to mandatory deductions?
Mandatory deductions include: National Insurance (3.5%/12% two-tier), Health Tax (3.1%/5% two-tier), Income Tax (10-50% progressive), and Pension (6% employee). Total take-home is typically 55-70% of gross salary.
What is Keren Hishtalmut?
Keren Hishtalmut (Study Fund) is a uniquely Israeli savings vehicle. Both employer and employee contribute monthly. After 6 years, withdrawals are completely tax-free regardless of amount. It is one of the best tax-advantaged savings options in Israel.
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