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Business / Finance

Not everything goes according to plan

Banki.ru: themes of the day 01.05.2019 at 21:00

Banking and financial news on the website Banki.ru

Long-term financial planning in Russia is not very common, the study said NPF of the savings Bank. Only 7% of Russians predict your income and expenses for a period of one year. The reason is unstable economic situation or disorder?

Three-quarters of Russians plan their income and expenses, but most of them — for a short time, according to a survey. So, 43% of respondents prepare the budget for the next three months, 7% for 4-6 months, and another 17% for the year. Only 7% of respondents engaged in enough long-term planning: 4% — for 1-3 years, and 1% for 3-5 years and 2% for a period of five years. Wider planning horizons typical for residents of large cities and administrative centres of the regions. In these, about a third of residents predict their income and expenses for a period of six months and 10% for a period of more than a year.

the young

the Young generation is twice as likely to be involved in the planning of income and expenditure for the year ahead compared with other age groups. Thus, among people aged 25-35 years for a year or more Finance plan 10% among Russians aged 35-55 years and older — 6%.

"Despite the absence of the majority of citizens in habits for long-term planning, two-thirds of Russians thought about the sources of income in old age. Most starts for the first time to think about it in 30-35 years. In this case, young people under the age of 35 years, less willing to rely solely on a state pension (less than 45%)", — noted in the study the NPF of the savings Bank.

In behavioral Economics is the concept of time perspective, poor. According to research, poor people do not build long-term plans and goals for the years ahead. While scientists are unable to answer the question whether poverty is the inability to plan, or on the contrary — the reluctance to plan is because of the money that could be put to any purpose, just no.

the Plans I salary

the Reluctance of Russians to plan for the long term may be due to the fact that the economic situation is constantly changing and planning in conditions of uncertainty seems like a waste of time, experts say.

Indeed, the Russians are less prone to long-term financial planning than people in the United States and European countries, said Director of business development "BCS Premier" Anton Grabarov. "On the one hand, this is due to the instability of the economic situation in the country and frequently changing rules of the game, as, for example, in the case of the funded part of pensions Russians. On the other hand, the development of long-term planning is impeded by an inadequate level of financial literacy of the population," he says.

"In their forecasts are always wrong professional economists. What to expect from the citizens whose long planning virtually inaccessible, and the main strategy of financial behavior is short-term planning of consumption and purchase of foreign currency until there was another financial and economic shock?" — adds chief analyst CAPT (Center Analytics and financial technology) Anton Bykov. "Nevertheless, even in such extreme circumstances, the citizens gradually learn to plan, save, and consume wisely and even invest in the future. Perhaps these Spartan conditions will allow the Russians to more quickly develop a financial science, and perhaps Vice versa, especially given the fact that every year the maintenance is less and less," he says.

"this low proportion of Russians that you can plan your budget with the prospect for a year or more, is associated with two reasons, — says head of investiga "BCS" Narek Avakian. — First, the income of the majority of Russians allow is that to make ends meet. Almost 30% of the population is below the average salary of 25 thousand rubles per month and more than 70% of the salary below the national average. If such income is something to plan and to budget is pointless. Second, the remaining Russians with more or less acceptable income in most cases, very low financial literacy, which, for example, with securities market we have known for only 2% of the population, whereas in the United States and Europe, for example, more than a quarter of citizens are now using financial instruments to manage their savings".

According to Anton Bykov, young Russians, who had not seen alternatives to the market approach of interaction between government and citizens, natural to exercise greater independence and responsibility for their financial security. "In contrast to more age groups of citizens who can compare today's economic situation with the Soviet socialism, and have in mind the ways in which the government will come to the rescue. Therefore, the planning, build long-term financial goals to current needs, — it may be the only chance for the younger generation to have a decent future," he said.

Planned economy

the Lack of medium - and long-term financial planning creates a higher risk of financial difficulty and, consequently, of poverty, recognizes the main strategist of "Univer Capital" Dmitry Alexandrov. "However, wealth planning is not enough, it is only the basis in any business plan. Income was also not linked with the necessity of planning, but really just careful planning with a small income allows to optimize expenses and even release small reserves and is an unnecessary expense to send them on savings and investments," he points out.

"we must Start with basic, simple things. First we need to bring the family budget into a surplus, so that incomes began to exceed expenditure. This is perhaps the most difficult step, but the most important", — says Anton Bykov. Release of excess funds, he proposed to send to the Fund family well-being (say, a currency basket of dollar, Euro and ruble) equal portions; it is desirable that it was a tool with a fixed rate of return, such as a Bank Deposit. "As soon as the accumulated amount exceeds the family budget for a year and a half, is possible, increasing the level of financial literacy, to reflect on more complex and profitable financial instruments," advises Bull.

According to Narek Avakyan, with a small income it is pointless to save money on products and services of first necessity, in order to set aside each month 3-5 thousand rubles. "It is better to try first, to increase directly the income, then you can plan surplus not allocated for current costs", — said the expert.

"you should Start with analyzing your expenses, identify ways to reduce credit load (e.g., the refinancing, the desire to live within your means, avoiding consumer immediate temptations), finding additional sources of income (sometimes even your Hobbies can be turned with a source of income). As for savings, it becomes important the question of the proper accommodation of the relevant goals of the person" — explains Anton Grabarov.

the Founder of the service management personal Finance CoinKeeper Ilya Chernetsky advises those who have a small income, use a system of budget planning under the name "4 envelope". "Its essence is that first you need to plan all the required payments without which not to survive: rent, transportation, basic set of products, Internet, telephone, and the like. Then the remaining amount is divided by the number of weeks in a month, and given the short fifth week. For example, in may, a full four weeks and three days, and if you divide conditional 30 000 rubles, then in full week you can spend 6 774 rubles, and in the remaining 2 903. Actually, this is the budget week. It can be spent on anything other than obligatory expenditures, but with one condition: if the money runs out before the end of the week, to spend longer. The name "4 envelope" appeared in the era of cash, can now be used as "replacement envelope" savings account and once a week transfer budget week on main account", — said Chernetsky.

Anna PONOMAREVA, Banki.ru