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December 8, 2021, 07:03

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The participants were explained how to increase their savings for the benefit of the environment and not fall prey to intrusive marketing.

Representatives of the capital Department of Finance performed at the All-Russian Savings Week. In the format of live broadcasts, the experts talked about the purchases from which citizens can apply for a tax deduction, how to increase their savings for the benefit of the environment and competently form a financial safety cushion.

The Moscow Department of Finance also organized a discussion club on the Moscow Educational TV channel. The topic of discussion was the personal savings of citizens, the issues of how to form and increase them were raised. Speakers from the Department of Education and Science of the city of Moscow and the Scientific Research Financial Institute of the Ministry of Finance of Russia were invited to the site.

Elena Zyunina, a representative of the Moscow Department of Finance, told TV viewers in detail how you can increase your savings for the benefit of the environment. She drew attention to a special type of debt securities – green bonds, which are issued to attract investment in environmental projects. Both individuals and legal entities can become buyers. Yields on government bonds, according to Elena Zyunina, are more stable than on other securities or bank deposits.

“Buying green bonds is an investment in the environment, an opportunity to show your social responsibility and take part in projects to improve the environmental situation,” she said.

The TV show was watched by viewers from 85 regions of the country, the broadcast is available link

During the All-Russian Savings Week, a separate live broadcast was organized for the residents of Crimea and Sevastopol. Olga Lukacheva, a representative of the Financial Agency of the City of Moscow, spoke about obtaining a tax deduction for treatment, training, buying real estate and investing in the securities market. She cited research data, according to which only two percent of the economically active population of Crimea in 2021 took advantage of this support measure.

“The state grants citizens the right to return part of the money paid as taxes. This mechanism resembles the cashback provided by banks. In this case, the state acts as a credit organization, and a tax deduction is a cashback, – noted Olga Lukacheva. “Often, citizens simply do not know about the tax deductions they are entitled to or find the registration procedure too complicated.”

She voiced the requirements and deadlines for the refund of the tax deduction, stressing that the procedure will not take much time. You can see the broadcast recording by link.

Olga Lukacheva spoke on a similar topic on the online platform of the Moscow City University of Management of the Moscow Government named after Yu.M. Luzhkov. The university organized a scientific and practical forum “Financial literacy – topical issues and modern trends.” Representatives of the Moscow Government, the All-Russian Championship in Financial Literacy, students and teachers took part in the work of the platform.

An All-Russian educational competition-festival of financial culture was also held within the framework of the All-Russian Savings Week. One of the speakers at the open lecture hall was Natalya Pivkina, a representative of the Moscow Financial Agency. She told the audience about the basic principles of financial literacy and why citizens sometimes spontaneously spend money on purchases, forgetting about long-term financial goals.

Because of the gimmicks of marketers, store visitors make about half of the unplanned purchases. To avoid this, Natalya Pivkina advised to make a list of the essentials. And the amount of monthly expenses should be 10-15 percent less than your income. “This difference can be postponed and a financial safety cushion can be formed, the size of which should preferably be increased to three to six monthly earnings,” emphasized Natalya Pivkina.

The expert also advised not to take out loans unless urgently needed. If a person still resorted to a loan, it must be remembered that a comfortable level of debt burden should not exceed 30 percent of monthly income. In this case, monthly payments will not affect the standard of living. You can watch the speech of Natalia Pivkina and other experts link

What is misseling, how to protect yourself from financial fraudsters, what are the security rules when using Internet banking – these and other lectures from representatives of the Moscow Department of Finance can be found on the official website All-Russian Savings Weekin the section “FinZozh Fest”.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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