Experts gave advice on drawing up a personal financial plan

Proper planning not only helps to accumulate funds, but also reduces risks in an unstable economy, and with the growth of fraudulent schemes, capital protection requires special attention. This was told to Izvestia on March 29 by lawyer, arbitration manager Alexey Kombarov and specialist of the Strategic Research Department of TP Nikolay Vavilov.

"Diversification of investments, legal literacy and caution in financial transactions are key elements of security. It is important to separate personal and business finances, carefully check contracts and not trust questionable offers," explained Kombarov.

The lawyer also recommended that Russians carefully approach the choice of financial advisors, checking their licenses from the Central Bank and their reputation. He also noted that financial issues should not be discussed in messengers, as banks do not operate through them.

"You need to clearly understand how many assets, debts, income and expenses you have. Then we need to set realistic goals: repayment of loans, savings for large purchases or retirement," Vavilov said.

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According to the expert, creating an individual financial plan allows you to clearly prioritize goals, promotes regular savings, provides a complete understanding of the financial structure and guarantees effective cash flow management. This plan becomes the basis for organizing personal finances, highlighting key tasks and contributing to achieving the intended results.

In addition, the expert recommended following a clear step-by-step plan in which all income and expenses should be recorded, financial goals should be set (divided into short-, medium- and long-term goals), the amount to be set aside each month, and the strategy should be reviewed periodically.

"For example, if the goal is to pay off the mortgage ahead of schedule, you need to accurately calculate the additional payments. The more specific the numbers, the higher the chances of success," Vavilov summed up.

In January, it was reported that every second Russian surveyed draws up a financial plan for the year. This was stated in the results of the <url> financial marketplace research. At the same time, 45% of respondents said that they plan monthly expenses and income at the top level, reserving the right to adjust the strategy during the year.