... expenses on health, education, and leisure are added to the standard categories. Correct distribution of family funds taking into account the interests of children will help avoid budget overload and will give children a sense of care and attention. Plan the ... ... family is saving money for a large purchase or trip, tell the children about it. They may be more understanding about the need to save, and will learn a purposeful attitude towards money. Tips from a father of many children As an entrepreneur and a father ...

... investing. It is important to understand how stocks, bonds, funds work - and what risks accompany them. Basic knowledge will save you from many mistakes and give you confidence in your first steps. Choose an investment strategy. Determine which investment ... ... choose less risky options for a short term. At this stage, it is also worth choosing a financial platform: a bank or a brokerage account through which you will conduct transactions. Open an account with a reliable broker or in an investment application, study ...

... retirees or those whose salaries are not indexed. Increased borrowing costs: In inflationary conditions, central banks often raise interest rates. This makes loans and mortgages more expensive, affecting family budgets. Decreased savings: Savings in bank accounts lose value if the interest rate on deposits is lower than the inflation rate, reducing the real value of savings. How to Protect Your Money from Inflation Investments: One way to shield your savings from inflation is to invest in assets that ...

... yourself able to afford luxuries through investment income rather than through credit. One of the best solutions to enable calm and systematic investing and saving is to automate the process. Banks offer features to link "savings jars" to accounts and cards, while Google Play and the App Store provide a variety of investment apps. In the initial stages, automation will simplify the task of saving, making it easier to adjust to a lifestyle with lower expenditures. In the long run, such ...

Several years ago, Russian citizens gained access to the so-called "Individual Investment Account" (IIA). This account not only allows individuals to grow their capital but also provides a tax deduction of 13% on the amount invested. Additionally, investors may be exempted from paying taxes on income earned from financial operations. ...