UBRD Gives Financial Literacy Classes

11 September 2017 (13:27)

UrBC, Yekaterinburg, September 11, 2017. The Ural Bank for Reconstruction & Development (UBRD) joined the Central Bank of Russia’s All-Russian Financial Literacy Days for Schools Program, the bank’s press service reports.

The first budgeting classes were given to students of Bashkortostan’s schools on September 7. UBRD experts coordinated open-to-all workshops on handling money at Ufa’s Education Center 76 and Salavat’s School 4. Similar classes will soon be given at schools at other cities where the bank runs its offices and branches.

‘As is well known, quite a few habits, including fund-management ones, are formed in early childhood. Children usually start getting pocket money by the time they start school, so they naturally grow interested in finances. Learning to budget, learning about the value of money, and learning about the precautions to be taken are all important tasks that adults should help children with,’ says Director of UBRD Ufimsky Branch Ramil Tulyakov.

‘Today’s children are active Internet users and shoppers. Nearly every adult has a bank card these days, so quite a few people use it to save up, for example. This is why financial literacy is crucial to children. Lessons can start as early as the first year of school, as long as they are fun and easy to understand and are age-appropriate in terms of a child’s psychological development. For older children (15-year-olds, for example), classes on how to budget and manage one’s funds are essential,’ says Director of Ufa’s Education Center 76 Marina Mazneva.

The bank’s next classes will be held at Sverdlovsk Region-based schools.

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