Finance University under the Government of Russian Federation

Finance University under the Government of Russian Federation Money management in Russian versus foreign households Nikolaeva Anastasia N 1 -1 Moscow, 2012

Plan Family budget Different kinds of income Money management in Russia Money management in other countries

Family budget Finance plan which summarizes income and expenses of family for appointed period of time( usually month)

Family budget Income = expenses balance Income < expenses deficit Income > expenses surplus

Income MONEY 1)Remuneration of labor • Salary • Fee • Royalties • Wages 2)Social payments • Allowance • Scholarship • Pension • Grant 3) Benefits for nonlabor activity • Alimony • Compensation • Inheritance 4) Benefits for entrepreneurial activity • Divident etc NATURAL Different products of household

Money management in Russia Expenses Food 20% 22% Transport Husbund Wife Chlid 8% House 20% 8% Communication 6% 4% Utility Reserve 4% 4% 4% Capital

Food

Transport

Individual expenses

Other expenses

Family budget Switzerland USA Insurance 22% 15% Utility 17% 8% Communication 5% 4% Transport 5% 10% Food 8% 14% Entertainment 13% 5% Charity 5% 4% Clothes 3% 4% Other 22% 12% House - 24%

Thank you for attention!