According to the National Agency for financial studies, in 2015 the question "do you Consider yourself a financially literate person?" 34% of Russians answered in the negative. But how to understand about you? Here are 5 signs of a financially literate person.
- He has everything under control
Financial literate person maintains records of its own income and expenses. He builds short-term and long-term financial planning. It is best to create a financial plan. The financial planning process, including:
— Given the number of disposable and expendable cash;
— Optimization of costs;
— Planning revenues and expenditures.
- This person spends less than it earns
Financially literate people don't take loans from banks and microfinance institutions. He lives on the money earned and generates savings. Leaves from each paycheck at least 10% on any pretext they do not spend. This money is not for maintenance but for investing in assets in the future.
- He focuses in the world of Finance
So:
— Monitors the situation on financial markets;
- To understand the characteristics of different financial products and services (credit, savings, micro-loans, mortgage);
— Checks the reliability of financial institutions not to lose money;
— Knows and uses his rights and methods of their protection in the field of Finance.
- It has its own reserve Fund
Everyone needs a "safety cushion" in case of unforeseen circumstances. You can lose your job, get sick or for a long time to go to the hospital. You may urgently need to repair the car or make unscheduled repairs in the apartment. Certain issues constantly arise in every person, and you need to be prepared to address them. For this and the necessary reserve Fund.
- This person wisely makes retirement savings
The pension system of Russia consists of three levels:
- State pension, based on pension funding at the expense of the Federal budget;
- Compulsory pension insurance, including occupational pension old-age and retirement pension disability or survivor and funded by the insurance contributions of the employer;
- Non-state (voluntary) pensions. Is a non-government pensions which are paid under contracts with non-state pension funds. They are financed by contributions of employers and employees in their favor, and the income received from their investments.
Start to save for a pension, when the underlying problems are solved, and large and relatively expensive loans – repaid. Do not forget that a financially literate person – a person with strategic thinking and a clear vision of its future.
Yes, most people at first you don't succeed to adhere to these principles. The main thing – not to despair, but to continue to move in the selected direction and forget about the old and unnecessary habits.
Daily work will soon bring positive results in the form of profit. Financial literacy will change your life for the better and make her more comfortable.