The expert gave advice on improving financial literacy
Anyone can improve the level of personal finance management — this does not require special knowledge or large incomes. Elman Mehdiyev, General Director of the Association for the Development of Financial Literacy, told Izvestia on June 13 about the simple steps to start the path to financial stability.
"Many people are surprised to find out what their salaries are spent on. But if you keep expense records for at least three months, the picture becomes clear," the expert noted.
According to him, even free accounting apps help identify unnecessary expenses, from unused subscriptions to daily takeaway coffees.
The specialist paid special attention to the regular analysis of finances. It is enough to check communication and Internet tariffs once every six months, as well as disable unnecessary autopayments. This can save tens of thousands of rubles a year.
The expert also advised modeling large purchases and loans using online calculators.
"Before taking out a loan, it is worth calculating the full cost. Sometimes an increase in the initial payment by 10% reduces the overpayment by half," the specialist said.
For those who want to reach a new level, the expert recommended studying the financial statements of companies. It helps to understand how a business makes money. Such knowledge is useful not only for investments, but also for a career.
In addition, even small changes in financial habits lead to noticeable results over time.
"The main thing is to start. In six months, you will see how your attitude towards money has changed," Mehdiyev summed up.
On April 7, it became known that more than half of Russians (59%) plan to form family savings of more than 500 thousand rubles. According to the data obtained in the course of the research of Sberbank Life Insurance and the search and recruitment service "Work.<url>", men and women who want to accumulate this amount are almost equally divided — 61% and 56%, respectively.
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