Questions pertaining to money, including both physical currency and finances, in general.

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23
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1answer
271 views

What do you do if you made a Tzedaka pledge and now the organization folded?

Recently a friend of mine asked me the following question. He pledged $500- to a Yeshiva, yet before he paid the pledge the Yeshiva closed. Does he still have to pay his pledge to another Tzedaka or ...
18
votes
2answers
310 views

Does Jewish Law Recognize Bankruptcy?

If someone borrowed money and then declared bankruptcy, does he still have a halachic obligation to pay it back? If the lender was a corporation (bank, etc.). If the lender was a friend. Do we say ...
16
votes
3answers
733 views

Why must prophets be wealthy?

I was studying in Sefer Ha-Aggadah with a chevruta this morning and we came across a passage about prophets having to have certain qualities, including wealth. I followed the reference to Nedarim ...
14
votes
3answers
246 views

Do our sources address “strategic loan defaults”?

In the most recent episode of NPR's Planet Money Podcast, they interviewed a real estate lawyer in Arizona who talked about the large numbers of her clients who have been asking for advice about doing ...
13
votes
1answer
525 views

Is flipping a coin following an omen?

If a person is deciding whether to do something and says "I'll flip a coin, heads I do it, tails I don't" does that fall under the prohibition of "don't divine with signs" in Vayikra 19?
13
votes
3answers
674 views

Bitcoin and Halakha

What are the halakhot that apply to bitcoin? Is it halakhickly money? What even is the halakhic definition of money? Can bitcoin transactions be made over shabbat? That sort of thing.
12
votes
3answers
406 views

Giving Tzedakah with a Credit Card

If one gives a donation to a charity by using a credit card, the charity will only end up getting a percentage of the actual funds (e.g. 98%). In such a case, does the person giving get "credit" for ...
12
votes
4answers
235 views

Ma'aser kesafim on capital appreciation

If you own property (e.g. stocks or real estate) that increase in value over the course of the year, are you require to donate 10% of the increase to tzedaka, if you are merely holding on to the ...
11
votes
1answer
551 views

Where did the Egyptians get the wealth they brought to the sea?

In Shemot 15:22, Rashi says: Moses led Israel away: lit., made Israel journey. He led them away against their will, for the Egyptians had adorned their steeds with ornaments of gold, silver, and ...
11
votes
3answers
358 views

Just how overpriced was Efron's burial cave anyway?

In B'reishit 23 Avraham pays 400 shekels to Efron for the cave of Machpelah. This seems to be an enormous amount of money and Rashi suggests it's even worse than it appears (referring to larger ...
11
votes
3answers
321 views

Receiving Too Much Change

Do I have an obligation to give back extra change I receive? Would it matter if the store owner or person giving it to me was a Jew?
11
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2answers
90 views

Why does Ezekiel describe the maneh as 20 + 25 + 10 + 5 shekels instead of just saying 60?

Ezekiel 45:12, in discussing just weights and measures, says: וְהַשֶּׁקֶל, עֶשְׂרִים גֵּרָה; עֶשְׂרִים שְׁקָלִים חֲמִשָּׁה וְעֶשְׂרִים שְׁקָלִים, עֲשָׂרָה וַחֲמִשָּׁה שֶׁקֶל--הַמָּנֶה, יִהְיֶה ...
11
votes
1answer
459 views

Kapparos on money - How much?

If one does the Minhag of Kapparos on money, how much money should be used for each person? (Sources.)
11
votes
2answers
240 views

ribis and foreign currency conversion

I am afraid that I have only recently started to study this kind of thing and I completely unlearned compared to most of the contributors here, so I apologize if my question is somewhat ...
11
votes
2answers
499 views

Lottery on Shabbos

Is one allowed to buy a lottery ticket if the lottery will be held on shabbos? Is it a problem of possibly making money on shabbos even though his chances are slim?
10
votes
2answers
242 views

Does “foreign religious obligation” = “Takruvas Avodah Zarah”?

Background: There is a verse in the Christian scriptures (Luke 6:30) that, when read out of context, implies that a follower of osso ha’ish should give anything anyone asks for. I had heard an urban ...
10
votes
1answer
138 views

Can one take any money offered to him?

Is a tzedaka allowed to take money from people who earn their money in inappropriate way (say, the person worked on Shabbos, stole, cheated, etc.) If not, is this a chumra or a halacha? Please ...
10
votes
2answers
151 views

Why redeem hekdesh?

Kind of related to What is my relationship to an object once I have pledged it as hekdesh? Why would somebody pledge something to hekdesh and then redeem it when he could just donate money directly? ...
9
votes
3answers
2k views

Cash value of 'perutah'

How much is a 'perutah' worth in modern currency?
9
votes
2answers
623 views

Why did the Lubavitcher Rebbe give out dollars?

Rabbi Menachem Mendel Schneerson, the late Rebbe of Lubavitch used to give out dollars to people who came to meet him. Why did he do this?
9
votes
2answers
395 views

Shliach Mitzva money

Many people give their friends money to give to Tzedakah when they are traveling. The reason they do this is that it says "Shluchei Mitzva Ainom Nizakim". If someone is travelling to Eretz Yisroel ...
9
votes
1answer
797 views

Why did the rich Gentile buy a pearl?

In the story of Yosef Mokir Shabbat, Yosef is a Jew who honors Shabbat above all, and ends up becoming very rich because of it. There was a very rich Gentile who was told that all of his wealth would ...
9
votes
1answer
93 views

How do you pay a debt (not a loan) in a different currency?

Shimon, in Eretz Yisrael, makes a purchase on behalf of Reuven, in the diaspora. For Reuven the cost of paying in shekels would be quite high, but Shimon can receive the payment in another currency ...
9
votes
2answers
104 views

Is it still tzedakah if it is returned?

If a poor person asks for charity and I give some money to that person, but he then returns it to me, (because he doesn't feel it is enough, or any other reason) have I accomplished the mitzvah of ...
9
votes
1answer
297 views

Is a check considered cash

If one paid someone with a check, and the recipient lost the check, does the giver have to write up a new check? One can say its like cash and if he lost then its not my problem, or one can say if I ...
8
votes
4answers
570 views

How does paying a Mohel work?

I have heard - do not know the source - that a Mohel is not supposed to charge an official price - however you are supposed to pay him. 1: Is it true that a Mohel is not supposed to charge an ...
8
votes
2answers
142 views

Extent of financial consideration before having children

Are there financial considerations that a couple must take before having a child or children i.e. should one have children 'at any cost' or is this not a consideration. If yes, would these financial ...
8
votes
2answers
400 views

Chad Gadya: The price of a kid goat

Was the fair market value of a kid goat really two zuzim? This piyyut is of course allegorical, but, if the value given is highly inaccurate, is the discrepancy in value symbolic beyond the symbolism ...
8
votes
1answer
622 views

What is the value of a (Kesuba) marriage contract?

In a regular Kesuba we give total 200 Zekukim Kesef. What is the value of that currently in US dollars? Also do you pay the value when you got married or the value at either death/divorce?
8
votes
2answers
288 views

Purchasing from a Jew

רמבם, הלכות מתנות עניים י:ז שמנה מעלות יש בצדקה זו למעלה מזו, מעלה גדולה שאין למעלה ממנה זה המחזיק ביד ישראל שמך ונותן לו מתנה או הלואה או עושה עמו שותפות או ממציא לו מלאכה כדי לחזק את ידו עד שלא ...
8
votes
1answer
184 views

Why is it ok to pay the kids for the afikoman?

Most Pesach sedarim feature the afikoman hide-and-seek game; either the children steal it and ransom it back or the parents hide it and (in my experience) pay a prize to the child who finds it. At ...
8
votes
1answer
316 views

If you use money for kaparos pre-yom kipur, is it fungible or must those bills go directly to tzedaka?

When we do Kaparos, we say "this money shall go to charity" -- so I put that dollar bill in the tzedaka box; is it okay if a few days from now I count what's in my tzedaka box, write a check for the ...
8
votes
1answer
145 views

Am I allowed to get miles or points for a loan?

Suppose me and my good friend Shimon are in a store shopping. Shimon wants to borrow $100 from me for his purchase. I graciously agree, but instead of giving Shimon cash, I swipe my credit card for ...
8
votes
1answer
131 views

Does one have to return the specific bills that one stole?

If one stole a hundred dollars in regular cash (e.g. no rare bill editions), and still has those bills, does he have to return those particular bills or can he return any hundred dollars?
8
votes
1answer
211 views

Do Jews have an obligation to support the effort to free Jonathan Pollard?

I am not entirely clear on all of the particulars of the mitzvah of pidyon shivuyim - redeeming Jewish captives. Nor am I positive that someone jailed by a democratic goverment for breaking secular ...
8
votes
1answer
162 views

What happens if you borrowed money and the currency became worthless?

In Israel in the late 70s early 80s the currency (Lira) became worthless. Suppose one day the American dollar would become worthless, and one owes another $1,000,000- would the borrower just pay back ...
8
votes
4answers
92 views

Why are Bikkurim and burial different from each other?

In this week's parsha we read about the mitzvah of Bikkurim. The Torah tells us to bring our first fruits of the season to the Beit Hamikdash, and offer it to the Kohanim. We are also told that the ...
8
votes
1answer
158 views

What's the halacha with regards to Maaser for a Baal Teshuvah?

Say a person never gave charity, due to ignorance or whatever other reason. He has now become a Baal Teshuvah and started observing the Torah. What is the halacha with charity? Does he have to give ...
8
votes
1answer
193 views

Processing an online payment - which will be processed on Shabbos

With my bank, when you process, online, a payment, it automatically goes out on the following day. If I authorize it on Friday they will send it on Saturday. I can also request any future date I want. ...
8
votes
3answers
554 views

Winged sun symbol on Hezekiah coins/seals

The winged sun is an ancient symbol that originated in Egypt and Assyria. Why is it then that coins (or seals?) from Hezekiah have this symbol from gentile nations? Also Malachi 3:20 shows the ...
8
votes
0answers
77 views

If you're having a slow day are you halachically required to reduce your hourly rate?

Say you work as a contractor that charges an hourly rate. If on any given day you feel sluggish due to poor sleep or some other reason, are you supposed to reduce your rate for that day to compensate ...
7
votes
6answers
360 views

Will money fall from the sky if you pray for it?

If you daven for a parnasah and then just sit back will money come to you?
7
votes
1answer
130 views

Could a Jew join Medishare?

Medishare is a healthcare sharing program designed for Christians. Is there any reason a Jew wouldn't be able to join such a program? As far as I understand it, the program works in such a way that ...
7
votes
1answer
156 views

Beis Shammai's dinar for kiddushin - philosophy?

The Mishna in Kiddushin (1:1) outlines a machlokes regarding the minimum amount of money necessary to effect kiddushin (i.e. create a marriage). According to Beis Hillel, the amount of money (or ...
7
votes
1answer
208 views

Are kickbacks prohibited?

Would a person be allowed to give/take bribes to a person responsible for purchasing in a company? Would it be forbidden directly as "shochad" (bribery) or under a general prohibition of Gnevas Daas, ...
7
votes
1answer
1k views

What does it cost to write one's own Sefer Torah - and how long would it take?

I'm wondering if anybody else has experience writing their own Sefer Torah, how long it took them and how much it cost. It took me about 9 years and about $3,500 to write mine.
7
votes
2answers
187 views

When and how did haman amass so much wealth?

In Masheches Megillah 15a at the bottom Rav Chisda brings a teaching on the passuk in the megilah 5:13 that Mordichai came with his wealth and Haman came with his poorness as Rashi explains the ...
7
votes
1answer
236 views

Transfer of loan / mortgage from non-Jew to Jew

What happens if a Jew borrows money on interest from a non-Jew, and then the lender turns around and sells the debt to a Jew? (Such transactions are very common in the mortgage industry.) Is it ...
7
votes
1answer
200 views

Why is Shmita only Rabbinic nowadays?

I was reading up on Heter Iska and it said that Shmita and Shmitat Kesafim are only Rabbinic today. Why do the Biblical laws no longer apply?
7
votes
2answers
341 views

Best way to destroy (maaser sheni) coins

This year (5772) is the fourth year of the Shemitta cycle, and as such, this Pesach is the time of Biur Maaserot. Does anyone have suggestions (from experience or sources) regarding how to best ...