STRATEGIC APPROACH TO IMPROVE STUDENT FINANCIAL LITERACY COMPETENCE

Abstract

Increasing financial literacy through the financial education of the younger generation makes it possible to make balanced decisions, taking into account the level of risk necessary to ensure financial security. First of all, if I dwell on such issues as the management and distribution of personal finance, then the fact that the human factor makes only one wrong decision at the time of shaping personal finance causes it to suffer financial losses, expenses to exceed its income and problems such as not achieving its financial goal in time and not being able to improve material well-being. The misperception of financial decisions in humans is primarily the fact that personal finance is not fully formed. Taking this into account, in this study, with the participation of 101 respondents from students of higher educational institutions, a study was carried out by observing, comparing, measuring and experimenting with their financial knowledge using empirical research methods.