Financial Literacy Day. Financial Literacy: At what age should you start teaching it?

The all-Russian program "Financial Literacy Days in Educational Institutions" is organized by the non-profit partnership "Community of Financial Market Professionals" SAPFIR "and the International Guild of Financiers with the support of the Ministry of Finance of the Russian Federation and the Service for the Protection of the Rights of Consumers of Financial Services and Minority Shareholders of the Bank of Russia.

On September 8, 2016, within the framework of the Financial Literacy Day, Elista Lyceum hosted a meeting of 11th grade students of humanitarian, chemical-biological and historical-legal profiles with Baatr Khondlaevich Tserenov, Head of the Budget Process Methodology Department of the Ministry of Finance of the Republic of Kalmykia. The topic of the meeting is “Personal financial plan”. The purpose of the events: updating the issues of financial literacy of students, developing the competencies necessary for competent behavior in the financial and economic sphere. Tserenov B.Kh. introduced the 11th graders to the basics of the rational use of financial resources and competent consumer behavior in relation to retail financial services. He drew attention to the urgency of the problem of increasing one's own financial literacy and raising awareness in various areas of financial literacy, including information search, analysis and planning for managing one's own financial resources.

The conversation was held in a relaxed atmosphere, the lyceum students asked various questions, paying special attention to the problems of investment in the economy of the country and the republic. They were interested in how profitable it is to invest in real estate, banks, etc. in the current conditions.

Tserenov B.Kh. thanked the guys for their activity, indifferent attitude to what is happening in the country and the republic and wished them success in the context of ensuring financial well-being.

Lyceum students of grades 10 and 11 of a physical and mathematical profile, accompanied by class teachers Lidzhieva N.O. and Chudutova E.B. that day we visited the Department of the Federal Treasury for the Republic of Kalmykia.

Boskhomdzhieva E.B., Bavuev D.A., Basangov V.B. they talked about the treasury system as a financial management tool, about the tasks, functions and powers of the treasury, gave recommendations on managing personal financial resources, warned about the risks, dangers and mistakes in the financial market, clearly presented the image of a financially literate person.

Lyceum students were interested in the structure of the treasury system, asked about the pros and cons of the profession of a financier, about the most promising universities for obtaining professional education in this area. For lyceum students, they had a tour of the Museum of Management.

The events held on this day contributed to the improvement of the financial literacy of lyceum students and their further professional self-determination.

September 8, 2015 starts All-Russian program“Financial Literacy Days in Educational Institutions”, organized by the non-profit partnership “Community of Financial Market Professionals “SAPPHIRE” and the International Guild of Financiers with the support of the Ministry of Finance of the Russian Federation and the Service for the Protection of the Rights of Consumers of Financial Services and Minority Shareholders of the Bank of Russia.

This event is a response to the challenge of the times. Its relevance has matured due to the fact that for the most part the older generation, who lived in the era of socialist and post-perestroika times, did not have the opportunity to gain practical knowledge in the field of finance and pass on experience to their children and grandchildren. The current generation of Russian youth in a market economy is in dire need of mastering the basic skills of planning, saving and multiplying, in other words, the skills to manage their personal finances.

Children are our future, and we must instill in them the basics of financial culture, introduce them to the basic rules of personal financial planning and financial security, so that tomorrow it will be easier for them to enter adulthood, and for someone - to decide on the choice of a future profession.

During open classes, students meet with reputable financiers, representatives of the Russian financial sector - managers and employees of the largest Russian financial companies, representatives of the Ministry of Finance, the Central Bank of the Russian Federation. They get acquainted with the basics of rational use of financial resources and competent consumer behavior in relation to retail financial services. The program also regularly hosts themed webinars, teleconferences, business games and excursions to financial institutions.

In 2015, the program is planned to be implemented throughout the academic year. in all regions and subjects of the Russian Federation. The Organizing Committee of the All-Russian Program is preparing new topics for classes, methodological materials and forms of classes for children and financial experts.

The Organizing Committee invites educational organizations to take part in the All-Russian program "Days of financial literacy in educational institutions"!

Financial literacy of the population is a very important aspect of the development of society. Of course, in schools and other educational institutions they teach a lot. Here he masters the most necessary skills, acquires mathematical, natural science knowledge, acquires language literacy. However, in modern society, the economy occupies a key place, so it is important to instill financial literacy in people from childhood. Some educational institutions have recently started holding a financial literacy day. Indeed, it is worth paying attention to such events, as it helps to create a truly comprehensively developed society.

Financial Literacy Day: general information

A few years ago, it was decided to create an all-Russian program that would cover the issues of financial literacy of the population. Thus, the program "Days of financial literacy in educational institutions" was created. The date of the events dedicated to this day falls on September 8th. Holding them fully responds to the challenge of time. In our country, a market economy and a free trade system have not existed for so long, so sometimes there is no possibility of transferring life experience from older generations to younger ones. sometimes in dire need of mastering the basic skills of managing money and understanding the basic processes in which finances are involved.

Financial literacy: at what age should you start teaching it?

Of course, not only young people, but also children need such knowledge. Starting from a very early age, you need to instill in your child the basic knowledge of how to manage your finances, because the example of parents largely determines a person's behavior in the future. Naturally, there is no need to load the child with complex terms and definitions, he will not understand anything and will forget them in the near future. The best option is to tell interesting stories, for example, with fictional characters, while placing them in various life situations.

At first glance, it may seem that children will not remember anything. However, this is not at all the case, since the human brain is designed in such a way that even after many years the knowledge gained will emerge in memory and help you navigate in the right situations. Communication with the child on this topic should be carried out not only on the day of financial literacy, but much more often. Thus, the younger generation will be ready for the rational disposal of funds in the future.

Financial Literacy Day at school: what events are held?

As part of a recently created program to improve the financial literacy of the population, many schools have decided to independently organize events on this day. In fact, this is a wonderful solution, because there is not always enough knowledge that is instilled at home. A financial literacy day at school should be organized taking into account the age category of students. Of course, this is important, because the understanding of the financial sphere of a first-grader and a school graduate, who is almost entering adulthood, is completely different.

Spending a financial literacy day at school is a very responsible task. For the most part, open lessons are held on this day, but these are far from all the formats in which such an event can be organized.

Event formats

Of course, first of all, a script is needed for such an event. Financial Literacy Day can be held in various formats. The first, and most popular, is open lessons. Conducting an open lesson will not be difficult, but it must be approached with full seriousness. In such a lesson, you can and should use multimedia tools to visually show students many financial processes. In primary classes, more game methods are used; in the process of playing, students will learn the material much better.

Some schools have large communal celebrations, during which theatrical performances are organized and funny skits are played. Thus, it is possible to involve a large number of students from different classes in the event. In addition to learning new financial literacy, it will also help to unite the team of students.

Financial Literacy Days at Universities

Events dedicated to this day do not bypass higher educational institutions. However, here they are taken with much more seriousness. Usually, lectures and conferences are held at universities on many topics of the financial and economic sphere. It touches not only the basic knowledge of students, but also scientific topics that require additional training.

In specialized economic educational institutions, various materials are published by this day, which highlight the problems of the modern economy, ways to solve them, and many other issues. Summing up, we can say that the day of financial literacy arose for a reason, in modern society there has long been a need for the population to gain knowledge in the economic field.