Good afternoon, readers of our blog! Blog author Ruslan Miftakhov is in touch. Now people are especially interested in the question of financial literacy, where to start. Why is it that someone with an average income does not experience problems, while others hardly make ends meet?
Want to learn ways to develop financial literacy? Then check out our article.
How other people make money teaching financial literacy
There are many resources for students and adults to help improve financial literacy. But besides this, there are various trainers who promise to teach you everything from scratch.
How they actually work:
- Collect materials.
- They systematize them a little, take the necessary passages.
- Seasoned with a pinch of their own dubious experience.
- They sell tickets for the course for 500-3000 rubles.
Yes, it's undeniable that among all the "trainers" there are really smart people who can teach you something useful, but they are a minority. In most cases, you will simply be given slightly revised information that can be found in books or articles on the Internet.
Therefore, remember one simple truth: "No one will teach you to think with your own head." It is better to study the information on your own, systematize it and draw conclusions.
Minimum financial literacy
The foundation of financial literacy includes several points:
- approximate idea of fraud;
- calculation of income and expenses;
- formation of savings;
- right investment.
Let's break down the main points for a better understanding.
Frauds - it is important to know about them!
It is worth starting to develop financial literacy by studying common fraud schemes. Their list is huge, criminals are constantly coming up with new ways to take money from the population.
Let's explore some common methods:
A call or message from a relative asking for money transfer. The reasons may be different - the car broke down, they were taken to the police, etc. Be sure to contact the person to clarify the situation.
In social networks, another scheme is gaining popularity - a request for a loan. A friend writes to you, wanting to borrow 1-2 thousand rubles. But in the future you will find out that the page was hacked and the money went to scammers. There is only one way to fight - to personally contact a friend by phone.
A very common method is to receive codes to confirm the operation. You are allegedly contacted by a bank or operator employee cellular communication. Different ways he tricks the password from the phone to transfer money to another account.
Never share secret codes, including card numbers, with anyone.
Pyramids and pseudo-investments. HYIPs have been around for many years and projects are constantly being updated. About MMM and how my relatives fell for the bait of scammers, I already wrote in.
To learn how to resist scammers and not part with money just like that, start treating everything with distrust. Be sure to check the information, then you will not become a victim of another fraud scheme.
Calculation of expenses and income
Today, there are many applications that allow you to record expenses and incomes, quickly find out how much money is left from your salary. I have been using the service for several years easyfinance to control all wallets and the movement of finances.
If funds are kept in a bank account and all transactions are carried out through a card, then in personal account interesting data can be examined.
Investments
The funds you have can be invested on your own.
There are several ways to invest:
- The easiest option is . The yield is not so high, but the reliability of the deposit is guaranteed.
- Investment in various projects. But it is important to carefully study all the information, to find out how viable the solution is and whether it is possible to make money on it. Here is an example of one of mine.
- Investment in new buildings. The scheme is simple - at an early stage of construction, an apartment is purchased, after delivery, its price increases by 10-30 percent. Real estate is being sold.
- Purchase of company assets. But you need to form a portfolio of various securities in order to compensate for losses in one position with income in others. Like different companies.
You can find a lot of tips in various videos and materials. The systematization of information was carried out, we offer the main points for review:
- Study more materials, you can read books. It is important to gradually accumulate theoretical knowledge.
- Learn to save and cut costs. Refuse unnecessary purchases, things that are not needed at the moment.
- Set aside 10-30% of your salary every month, or more. So you will have savings that will come in handy in various situations.
- It is better to put the accumulated funds on a replenished deposit in the bank so that interest still drips on them.
- Try to increase income in the future, for this you need to grow professionally.
- Do not skimp on paid training courses to improve your skills. Investing in yourself will allow you to earn more in the future.
- Avoid loans almost completely. Want to buy a brand new iPhone but don't have the money? If you can't afford a thing, then never go into debt for the next trinket. It is better to find a device simpler.
What can you borrow
Your productivity and professional level will begin to grow, and in the future you will be able to increase your income.
Another example came to mind from life when we went to another city for an ultrasound scan with a second child in the tummy, since it was not possible to check whether everything was in order with us.
Therefore, we were sent to a neighboring city, where we were checked with modern equipment, which cost 40 million rubles on credit (the doctor let it slip). The queues were for a week and even months in advance.
Here is an example of the right debt, over time it will all pay off and will only bring profit.
You can attend online seminars (webinars), get more information about financial literacy. The main advice is to spend money wisely, do not spend money on things that are not particularly necessary.
Be sure to build savings to have a reserve fund to ensure financial stability.
Watch a cartoon about financial literacy, take your time instead of watching all sorts of nonsense on TV.
Also subscribe to our telegram channel. Until we meet again, we are waiting for you again on the pages of our blog!
Sincerely, Ruslan Miftakhov
financial literacy
is knowledge in the field of financial, credit, debt and savings management, necessary for making financially responsible decisions, which are an integral part of our Everyday life. This knowledge helps improve well-being and improve the quality of life. Financial literacy includes managing your income and expenses, as well as understanding how a settlement, credit card works and how to avoid debt. Overall, financial literacy affects the day-to-day performance the average family makes when trying to balance their budget, buy a house, fund their children's education, and secure an income in retirement.
Take the initiative to educate yourself and develop your knowledge of finance, starting with the basics of money management and paying off debt. Investing your time in your financial development increases your savings and investment decisions. By using resources such as age, talent, money, and the ability to create good habits, you can build a long-lasting nest egg.
Why you need to improve your financial education
In past decades, money was used by the population for daily purchases. The process of acquiring, buying goods has changed. Online shopping has become the best choice for many, creating ample opportunity to use and overuse credit - it's too easy and fast way to build up debt. Banks and credit organizations produced for consumers credit cards and credit offers with tempting opportunities, and customers get one loan after another and without proper knowledge or control over their purchases, it is easy to fall into financial bondage.
Financial ignorance affects all ages and all socioeconomic levels. Financial illiteracy causes many people to become victims of predatory lending, mortgages and high interest rates, which can lead to bad loans or bankruptcy.
Lack of financial literacy can lead to high debt levels and bad financial decisions. For example, the advantages or disadvantages of annuity and differentiated payment on credit is a distinction that makes it easier to understand whether you have financial literacy skills.
Financial literacy helps people become self-sufficient so they can achieve material stability. Those who understand the item should be able to answer several questions about purchases, such as whether the item is required, is it available, and is it an asset or liability.
Below is a list of basic financial literacy skills that everyone should master.
Learn to earn
You cannot manage or spend your money until you have earned it. So the first thing you need to do is make money.
If you're struggling to earn enough... ask yourself:
where can you improve your financial situation?
Can you ask for a raise?
Do you need to stay longer at work to bring home a bigger paycheck?
Perhaps you can go to another job in your spare time or start your own business.
Learn to effectively control and plan your budget
Start controlling your income and expenses. You must learn how to make personal and family budgets, keep records of all finances. Celebrate all your daily financial operations(receipts and expenditures of funds). You can use anything for accounting, from a simple spreadsheet in a notebook to an online tool to track your budget. Now there are a lot of convenient services, mobile applications to control your money, for example: Easyfinance, Homemoney, Drebedengi, Zenmoney, etc. Thanks to this application, entering information about expenses and incomes has become very fast and convenient. If you do not want to trust this kind of information to various third-party services, you can use regular excel.
Learn to save your money
Saving is not only a tool to achieve financial goals, but also an important aspect of financial readiness in case of emergency or unexpected expenses. It is recommended that you save at least 6 months of your salary so that if you lose your job or business, you can live. Make sure you turn on savingsmoneyaccording to your needs on a separate line. Such an item should be built into your monthly spending plan.
Learn to invest
Smart investments serve as a tool for accumulating and multiplying the money you earn. Profitable investment should exceed the rate of inflation and provide an opportunity to retire much earlier or to live in your own pleasure. Money should work and generate passive income, and not lie under the mattress.
At the same time, it should be understood that investments are always associated with risks, these risks must be managed and diversified by investing in various financial instruments.
Learn to learn
Improve your financial education to know and understand how to reduce your credit and where to invest your money, how to save money on insurance, or how to choose a broker. Fortunately, there are many resources, from books to blogs, that can help you on your journey to financial literacy.
It has been proven that people who know how to properly plan their personal budget are more efficient at work, regardless of what positions and in what area they work. Therefore, increasing the level of financial literacy is the key to the financial well-being of citizens and increasing labor productivity and the key to the healthy development of the Russian economy as a whole. Awareness of the urgent need to improve the financial literacy of people has become one of the main lessons of the current financial crisis. From my point of view, this is one of essential conditions building a new global economy, which will be protected from the recurrence of such losses. Knowing the basics of the “personal economy” allows people not only to avoid a number of mistakes and financial losses, but also provides an opportunity to see new benefits and interesting opportunities.
After all, insufficiency financial education can manifest itself not only in excessive gullibility, but also in excessive skepticism, closeness in relation to everything new. It took Russians more than ten years to accept and master bank cards. The same thing happened with credit cards. For many years, banks have been seeking the removal of legislative restrictions on the introduction of a grace period for lending. But when it did, it took a few more years for most customers to overcome distrust and see the benefits of the new service. The book that you are holding in your hands is a clear example of the synergy of the scientific team, financial and non-profit organization in the creation of the first in Russia full-fledged academic manual on personal finance. This book not only talks about important things in an easy and interesting way, but also relies on a very specific Russian experience development of financial literacy, coupled with a proven international practice which makes it truly unique.
Parable.
The rajah had three sons, but according to the laws of the family, only one could become the heir. The old rajah was fabulously rich and before his death he thought about who to leave his wealth to. The Raja decided to test his sons. He ordered the three most valuable tea bushes to be dug up, gave each son one, and sent them on a journey. The eldest son thought: "The father has accumulated great wealth and wants his children to be in need of nothing." He took the most tender leaves and brewed fragrant tea. Gradually, he used all the tea leaves and returned home the very first, with empty handed. The middle son thought: "Father was always frugal and cared about tomorrow." He made himself a tea from the top leaves, and dried the rest thoroughly and kept them in reserve. The supply of tea was enough for a long time, but one day it ran out. The middle son also returned home with nothing. The younger son thought: “Father devoted his whole life to increasing his wealth. I will plant this bush and start growing tea. But before that, I will take a few leaves and make tea for today so that I have strength. And I will dry a few more leaves in reserve, because I risk planting a bush. And so he did. And when he returned home, he said to his father: “Leave the wealth to one of the older brothers. I don't need. I can become rich myself.”
Free download e-book in a convenient format, watch and read:
Download the book Financial literacy, Goryaev A., Chumachenko V., 2009 - fileskachat.com, fast and free download.
Download pdf
Below you can buy this book at the best discounted price with delivery throughout Russia.
Hello, friends!
For decades, a very dangerous stereotype has been growing and developing in our country, according to which only people working in the financial markets need financial literacy. And only now the painful realization begins to come that without it we are like small children who cannot read and count.
The governing authorities saw the resulting vacuum in the field of financial education. In 2017, Russia approved a strategy to eliminate illiteracy in money matters, calculated until 2023.
What is financial literacy and why is it important?
While preparing the material for this article, I realized that I could easily slide into the field of a finance textbook. It will seem boring and uninteresting to people who do not have economic education and never heard of compound interest, investments and risks.
It seems to me that my task is at the household level plain language to convey to readers one single thought - absolutely any person needs financial literacy.
What is financial literacy and why is it needed?
- this is the necessary knowledge that helps to plan the family budget, save cash in conditions of instability in the economy and increase them in order to ensure a decent standard of living for yourself and your loved ones.
Now tell me you don't need it, then I can sympathize with you.
Problems that a financially illiterate person may face:
- Participation in dubious monetary transactions that lead to the loss of invested funds (for example, pyramid schemes).
- Reckless getting into debt by taking loans at inflated rates.
- An investment that does not protect savings even from inflation, including pension savings.
- Lack of understanding of the action of most market instruments, the competent use of which can lead to an improvement in well-being.
- Unsecured old age on a beggarly allowance from the state.
We certainly do not need such problems. So now let's define the main reasons for the mandatory study of the basics of monetary literacy:
- Learn to keep track of your income and expenses in order to further budget planning.
- Learn to live within your means, and not become an eternal client of credit organizations.
- Understand the existing tools for preserving and increasing your own funds in order to ensure that you receive passive income in future.
- Do not become the object of fraudulent activities.
- Protect yourself and your family from economic crises.
Statistics on the level of financial education of the population of Russia
In 2015, the Ministry of Finance of the Russian Federation conducted a study in which it assessed the level of knowledge of the Russian population in matters of the financial sector. Participants ranged in age from 14 to 79 years old. Interesting results have been obtained:
- 24% of respondents, when asked if they have at least some amount for contingencies, answered “No”;
- only 20% are confident in a fair resolution of a dispute or conflict with a financial institution (bank, insurance company);
- 37% of those surveyed who took some types of loans did not compare these banking products with each other, did not choose the best offer;
- 70% of respondents believe that the state is responsible for a decent level of a person's pension.
These are bad results, but there are good ones too:
- 64% understand that the higher the return, the higher the risk;
- there has been a positive trend in almost all questions of the questionnaire compared to 2013, when the first surveys were conducted.
These are official data obtained from the study, but there is also a subjective opinion of Russians. In 2017, the National Agency for Financial Research (NAFI) conducted a survey among the population of the Russian Federation. Only 12% of Russians believe that they have a good level of financial literacy. This figure has been declining sharply in recent years.
However, the number of families that keep records of income and expenses has increased (from 20% in 2015 to 42% in 2017). If you are still not doing this, then I recommend reading the article on our blog. She will dot all the "i".
Do you want to test your literacy? Don't worry, only 4 questions. In 2013, 33% passed the basic financial literacy test. But in 2015, only 14% did it.
Financial Literacy Test
The test consists of 4 questions. Choose the answer that you think is correct. And the correct answers will be given at the end of the paragraph.
Question 1: Let's assume that you put 100,000 rubles into a bank account for 2 years at 8% per year. How much money will be in your account after 2 years if you do not withdraw money from the account or replenish your account?
- More than 108,000 rubles.
- Exactly 108,000 rubles.
- Less than 108,000 rubles.
Question 2: Suppose you put 100,000 rubles into a bank account for 5 years at 10% per year. Interest will accrue annually and be added to the principal amount of the deposit. How much money will be in your account after 5 years if you do not withdraw either the principal amount or accrued interest from this account?
- More than 150,000 rubles.
- Exactly 150,000 rubles.
- Less than 150,000 rubles.
Question 3: Let's say you see a TV of the same model on sale in two different stores. The initial price of the TV in each of the stores was 10,000 rubles. One store offers a discount of 1,500 rubles off the original price, while another offers 10% off the original price. What is more profitable - a discount of 1,500 rubles or 10%?
- Discount of 1,500 rubles.
- 10% discount.
Question 4: Suppose you have taken a loan from a bank for a year in the amount of 10,000 rubles. Interest on the loan is 600 rubles per year. You must pay the loan and interest on it during the year in equal installments every month. Estimate approximately what the annual interest rate on your loan will be.
- Less than 6%.
- Exactly 6%.
- More than 6%.
And now let's sum up. Correct answers:
- 1st question - more than 108,000 rubles;
- 2nd question - more than 150,000 rubles;
- 3rd question - a discount of 1,500 rubles;
- 4th question - exactly 6%.
Did you manage? If yes, congratulations. You are great. If not, then urgently improve your literacy in the field of handling money, because the questions were not simple, but very simple.
There are many such tests on the Internet. There are foreign ones, and there are domestic ones. Big and small. You can train as much as you like. Most importantly, learn how to put into practice what you have learned.
Deputy Minister of Finance of the Russian Federation Sergey Storchak in the Izvestia newspaper of October 5, 2017 announced the results of an international study. The Organization for Economic Co-operation and Development (OECD) measured the level of financial literacy of participants from 20 countries. Russia is in 9th place. The leader, France, lacked only 2 points. Quite a good result.
And even better results among schoolchildren. Our Russian students for 3 years of research have risen from 10th to 4th place. They were ahead of the US, the Netherlands and Australia. So our financial future is not dark at all.
Ways to eliminate financial illiteracy
How to start raising the level of education in the field of finance? There are several ways, choose the one that seems optimal to you:
- Reading special literature. For example, I made a good selection of .
When I was preparing material for books, I had to read them all. I don't regret the wasted time at all. Today, my husband and I have already developed a family strategy for saving funds for short-term and long-term goals. We opened a deposit, invested part of the funds in a mutual fund, and part - in an individual investment account. Every month we will replenish deposits.
- View online lessons, paid and free.
By the nature of my work, I revolve among information businessmen who organize such courses. When choosing free classes, you should clearly understand that the main goal of any trainer is not to enrich you with their knowledge and experience, but to attract you to paid training. I'll be glad if I'm wrong.
- Personal consultation.
The consultant will develop a personal financial plan, savings and accumulation strategy and much more. Services are not cheap. I looked at the price list on the website of Vladimir Savenok. He is the first independent financial advisor in Russia who has written many books on the subject. I would love to book a consultation with him.
- Independent study of available materials on websites and blogs.
I will tell you more about trusted web resources in the next paragraph.
- Personal experience.
Not the most good way but probably the most efficient. This is the way to analyze your own mistakes. Personal experience is priceless, but is there time to get it?
Resources for Advancing Financial Education
There is a lot of information on the Internet and in printed publications on filling the gaps in the handling of money. There are thematic sites, blogs, YouTube channels, online courses and entire schools.
It is easy for beginners to comprehend the basics of finance on their own. Let's look first of all at verified sources of information that are created either with the support of government agencies, or well-deserved fin. organizations:
- Fingramota.org
An educational website created with the support of the financial education expert group at Federal Service on the financial markets of the Central Bank of the Russian Federation. It publishes a lot useful material on finance. There are articles, videos and presentations.
- Banki.ru
The information portal publishes news, ratings of banks and banking products. You can choose between debit or credit cards. There are convenient calculators for calculating interest on deposits and payments on loans.
- fgramota.org
Educational portal for fin. literacy with the support of the Russian economic school and the Citi Foundation. Knowledge of financial management is presented in a playful way in the form of a game, an online book, and tests.
- ABC of Finance
The name itself contains the main principle of the portal - the study of the topic of finance from the very beginning. There are examples of personal financial plans for families with different levels income. Valuable advice given by experts can be applied to the preparation of your own plan.
- FinStart School of Primary Financial Education
The school was created by Andrey Paranich, a member of the expert council on financial literacy and consumer protection of financial services of the Bank of Russia. On the site you can access the Program for free distance learning FinStart.
It is designed for 2 months of daily classes at a convenient time for the student. Topics are quite interesting. For example, “Personal finance planning”, “Loans”, “Investments. The beginning of the journey”, etc.
Do not forget about the official sites:
- Bank of Russia,
- Ministry of Finance of the Russian Federation,
- Federal tax service and etc.
For more information about online education, see the article on financial literacy courses.
Financial literacy for pensioners and schoolchildren
As part of the article, I would like to talk about such categories of citizens as schoolchildren and pensioners. Why is it so important to pay special attention to older people and involve them in learning the basics of financial literacy?
- Pensioners more often than others become victims of fraudsters, ranging from deception to bank cards and ending with luring to dubious credit organizations.
- They hold mostly conservative views on savings and have no investment skills at all. Therefore, often large sums of money lie at home, under the pillow, or at best in the bank at a very small percentage, gradually losing their value.
- Do not receive information about due benefits on taxes, utility bills, on changes in the pension reform. Only word of mouth works.
For example, my mother accidentally found out from other users on social networks information about the exemption of pensioners from paying property tax. She went to tax office, there it was confirmed, my mother wrote an application for benefits. But no one will return her overpaid money for previous years. Like this…
And this is far from an isolated case when information is distributed by word of mouth. The same disgrace is happening with the calculation of pensions. Someone said something, the pensioner rushes in Pension Fund, they confirm that a recalculation is due, etc.
The pensioner himself must know and submit an application and documents for the recalculation of the pension. No organization is responsible for informing pensioners. This is an outrage on the part of the state - to cash in on ignorance of official sources of information by pensioners.
We live in the age of information technology. Is it possible to make the necessary information more accessible? Social banners on the street, distribution through social networks from official government accounts. bodies, ads in banks, post offices, shops and clinics. Or save the state budget only available for retirees?
The program of assistance in the study of money issues for pensioners must necessarily include the following items:
- Informing everyone possible ways on tax benefits, utility bills and the required recalculation of pensions, on changes in tax and pension legislation.
- Free seminars and online courses on financial literacy, where you should spend time on questions such as:
- rules for the competent use of debit and credit bank cards;
- ways of deceiving citizens by financial fraudsters;
- online scammers and how not to fall for their tricks;
- payment for purchases, bills via the Internet;
- methods for calculating risk in lending;
- modern tools to save the accumulated money from inflation and increase it for their children and grandchildren.
I consider it a simple excuse that it is difficult to convey the necessary information to pensioners, because they do not own new information technology up to the mark. Everyone has a mobile phone, many communicate on social networks, postmen come with pensions, social workers and doctors from the clinic. Everything can be done, there would be a desire.
With schoolchildren, no excuses go through at all. These are the most accessible people for information.
First of all, we, parents, need to understand one simple idea - it is necessary to teach a child to handle money from a very early age. It is not necessary to start doing it when he has own funds(for example, a gift from a grandmother). Talk about the fact that you can’t thoughtlessly spend everything you earn on buying an expensive toy or fashionable sneakers, like Petya’s, should always be carried on in the family.
Many do not understand me, but I pay money for my eldest daughter to clean the house. pocket money she never had. But there are gifts from grandmothers for the holidays and hard-earned cash. And in the summer she already worked as a copywriter under my strict guidance. Do you think she spends money on fashion items? Only the essentials. For example, to buy a phone. The rest is saved on a bank deposit.
Give your child a book by Bodo Schaefer "Mani, or the ABC of money" to read. Together with the heroes, he will learn how to earn, save and how to increase money.
In preparing the material for this article, I studied many sites that offer online lessons at home or at school. They were created with the support of our banking structures and state bodies. They are absolutely free, the benefits are obvious.
But what I see in the examples of my daughters' schools (they study in different educational institutions)? There is absolutely nothing. Why? What prevents you from applying for schoolchildren and conducting online lessons? The answer is indifference.
For caring teachers, there are several interesting resources:
- Project ”Online lessons of financial literacy. Professionals financial market will come to every school.” Project organizer - central bank RF. Together with him, more than 50 lecturers from banking organizations, insurance companies, universities and government authorities conduct classes in real time. Ask and answer questions from students.
- Very interesting project“Be friends with finances” is implemented by the Ministry of Finance of the Russian Federation. The partners are the Bank of Russia and the largest banking organizations. For children, information is presented in the form of comics, videos and tests.
Conclusion
Deputy Minister of Finance of the Russian Federation S. Storchak called the lack of discipline and responsibility for risks one of the problems of our population. And I agree with him. No education will help if the elementary rules for dealing with money are not regularly observed: accounting for one’s own income and expenses, planning family budget, saving. It is not difficult to develop these skills in yourself, but understand why you are doing it.
Vladimir Savenok wrote in one of his books that in 99% of cases he knows why people save money:
- to live on interest;
- not doing what we are doing now;
- do what you love;
- protect your capital.
I'm definitely in the 99%. And you?
All courses in Russian or English from this collection are available on request or are regularly reissued.
Courses in Russian
1. The Science of Wealth
Volume: 11 video lectures.
Area:"Lectorium".
Organizer: Friedrich von Hayek Institute.
The course is intended for those who aspire to fundamental knowledge economic theory. Pavel Usanov will talk about the main economic models- from Aristotelian catallactics to socialism - and explain how they are reflected in real life of people.
2. History of economic thought
Volume: 11 modules.
Area: coursera.
Organizer: High School of Economics.
For a deep understanding of modern economic processes the historical aspect is important. HSE professors will not only tell you what Marx meant by surplus value and why Smith advocated a free market, but they will also develop critical economic thinking in you.
3. Economics for non-economists
Volume: 10 modules.
Area: coursera.
Organizer: High School of Economics.
For those who do not want to delve into economic science, this course is suitable. Associate Professor of the Department of Economic Theory Igor Kim will explain the basic concepts of micro- and macroeconomics in a simple language. Learn what is supply and demand, what is the mechanism of competition and monopoly, what is GDP and where does inflation with unemployment come from - take financial literacy to a new level.
4. Financial markets and institutions
Volume: 9 modules.
Area: coursera.
Organizer: High School of Economics.
This course presents lectures by Professor Nikolai Iosifovich Berzon: the structure of the financial market (from stock to currency), stocks, bonds, the banking sector and much more. What you need for novice investors. If you learn to invest money, then from the best!
5. Theories of money. From shell to bitcoin
Volume: 8 modules.
Area:"Lectorium".
Organizer: European University at St. Petersburg.
If life is a game, then money helps keep score. So it was in the days when people exchanged ingots precious metals. So it is now, when the world is going crazy on. Professor of Economics Yulia Vymyatnina will tell you what can be considered money and what is not, and what is the value of money. In 2015, her course won second place in the EdCrunch Award in the Humanities category.
6. ABC of finance
Volume: 6 modules.
Area:"Lectorium".
Organizer: Tomsk State University control systems and radio electronics.
If you think that the budget, financial plan and investments are the destiny of economists, then you are mistaken. Any modern person must skillfully invest and analyze economic situation. The candidate will teach you economic sciences Valeria Tsibulnikova. Focus is on .
7. Financial Literacy
Volume: 6 modules.
Area: 4brain.
The authors: Grigory Ksheminsky and Evgeny Buyanov.
Many people cannot secure a decent life even with a good salary. Paradox? Hardly! This is a natural consequence of financial ignorance. The authors of this text course are convinced that well-being begins with a conscious attitude towards money and financial thinking.
8. Fundamentals of financial literacy
Volume: 13 modules.
Area: Zillion.
Organizer: Moscow Academy of Entrepreneurship under the Government of Moscow commissioned by TemoCentre.
What taxes do citizens pay? Why are we denied loans? And how to ensure a comfortable old age? More than six and a half thousand listeners have already received answers to these and other questions about the formation of a personal budget and planning expenses. You also have the opportunity to improve your financial literacy.
9. Fundamentals of finance for youth
Volume: 5 modules.
Organizer: Center for Continuing Education of Novosibirsk State University.
This course is interactive. It consists of 100 mini-tasks, which, in turn, are divided into thematic modules (personal, household, global, corporate finance and financial institutions). By completing tasks, you earn points and move from level to level.
10. Business for Dummies
Volume: 14 video lectures.
Area:"Lectorium".
Yuri Milyukov, founder of the Moscow Commodity Exchange.
How did certain organizational and legal forms for business appear? How are banks, stock exchanges, insurers and logistics arranged? What are auditors, consultants, appraisers, experts and analysts for? The answers to these and many other questions are in the speeches of the well-known businessman Yuri Milyukov.
Courses in English
1. Financial Literacy
Volume: 4 modules.
Area: open2study.
The authors: Peter Mordaunt, Paul Clitheroe.
What is the difference between life goals and financial goals? How to make sure that income prevails over expenses? What is the 10% rule? How is investment different from saving? How not to break firewood and not run into scammers? The answers to these and many other questions will be given to you by teachers at Macquarie University.
2. Finance for All: Smart Tools for Decision Making
Volume: 6 modules.
Area: edX.
Organizer: University of Michigan.
What is more profitable: to rent or to take a mortgage? Buy a used car or a new one? Open a deposit or invest in securities? It is easier to make such important decisions if you are familiar with the basic financial principles. Learn them in this course. Its peculiarity is in the abundance of examples from life.
3. Financial mathematics
Volume: 2 modules.
Area: Alison.
Money loves an account. This short course will teach you how to reduce debit with credit. You will understand the difference between profit and margin, you will be able to calculate lost profits and adopt various strategies.
4. Finance for non-financiers
Volume: 5 modules.
Area: coursera.
Organizer: Rice University.
Professor James Weston is a respected expert in corporate finance. As part of this course, he explains how financiers make certain decisions. Very useful lectures for entrepreneurs who want to take their business to a whole new level.
5. Behavioral finance
Volume: 3 modules.
Area: coursera.
Organizer: Duke University.
Behavioral economics studies how social and psychological factors affect market variables. For example, commodity prices. This course will explain why people invest in pyramid schemes and not investment funds make unnecessary purchases and other financial mistakes.
6. Financial planning for youth
Volume: 8 modules.
Area: coursera.
Organizer: University of Illinois at Urbana-Champaign.
A course that will not only teach you how to set the right goals, plan a budget and invest, but also allow you to try on the role of a financial advisor. Why not make solving financial problems your profession?
7. Introduction to personal finance management
Volume: 2 modules.
Area: Alison.
Christine Williams.
In this course, Chartered Lawyer Christine Williams teaches you how to get rid of . First, she suggests creating a table of debt obligations and prioritizing them based on terms and interest rates. This will help you choose the right strategy and keep your monthly payments to a minimum.
8. Personal and family financial planning
Volume: 9 modules.
Area: coursera.
Organizer: University of Florida.
Professor Michael S. Gutter teaches students how to navigate their own path to financial independence. Modules about tax and credit system may seem uninteresting to you, as they are focused on America. But general principles financial literacy is universal.
9. Manage your money
Volume: 8 modules.
Area: OpenLearn.
This course will help you get your finances in order. First, they will explain to you how to create a personal budget. You will isolate useless or overly expensive items of expenditure and will be able to optimize them. And then get acquainted with the basics of lending and investing.
10. 5 keys to investing
Volume: 1 module.
Area: Udemy.
Steve Bollinger.