More than a third of Russians do not save money, including due to insufficient financial literacy. This was announced on August 29 to Izvestia by the founder of the Technocrat company, investor Oleg Petryashev.
In his opinion, people do not know how to plan expenses and manage their savings.
In addition, according to him, many solvent citizens remember the times when money depreciated, so now they have too high a level of stress and a short planning horizon.
“From my point of view, the most competent way to save money is to save immediately after receiving a salary or other income. This is followed by essential expenses, such as rent, travel, food, and so on, and only then – all the rest, ”advised Petryashev.
Typically, 10% is the most comfortable percentage of income a person can save, he noted.
“This approach allows you to psychologically tune in to manage only the remaining part of the funds and no longer think about whether to postpone or not. You can imagine that this is your personal tax on your bright future, ”the expert emphasized.
He added that there are various purposes for the accumulated money.
“The first is a financial pillow for several months of life under comfortable conditions. These funds are most often held in cash or deposits in a reliable bank on demand. All other money is most profitable to invest, because the same inflation “eats off” the value of money,” the investor specified.
First of all, according to him, it is necessary to invest in the most conservative and reliable instruments.
“These include deposits – they can also store a financial cushion. In second place in terms of reliability are deposits in real estate or federal loan bonds. Then it is worth considering the possibility of investing in riskier, but potentially more profitable investments in stocks or other types of assets,” concluded Petryashev.
Earlier in the day, the All-Russian Public Opinion Research Center (VTsIOM) reported that more than a third of Russians surveyed (39%) do not save money and spend everything on current needs. Almost half of the citizens of the Russian Federation (44%) save the balance after current expenses. Another 14% prefer to first set aside funds for major purchases and other significant expenses, and spend the rest of the money on current needs.
Prior to that, on August 26, the Rabota.ru and Repair with SberServices services conducted a joint study and found out how much money the people of Russia save and for what needs. It turned out that 43% of the study participants have a habit of saving and saving money. 30% do not save at all, and 27% plan to start saving.