Financial Literacy Training

Portrait of a financially literate person

has clearly defined financial goals for a year or several years with a budget;
knows how to save and invest;

rarely makes rash, emotional purchases, and if this happens, then strictly within the amount allocated for this;

does not have loans, especially “expensive” ones (loans in microfinance organizations, loans on bank cards);

does not consider instruments with a very high level of return for investing, as he understands that this is too risky (“financial pyramids”, dubious earnings on the Internet).

Financial literacy is a set of approaches, rules and practices, following which we can manage our financial flows so effectively that it will allow us to become richer, achieve our goals and not reduce our standard of living even in adulthood.

What is financial literacy

To begin with, I would divide the concepts of "financial literacy" into two categories: professional and personal. Financiers, accountants, auditors, commercial directors should professionally manage finances (each at their own level of responsibility). We will talk about personal, or personal, financial literacy, which is necessary for every person who wants to achieve financial goals in life.