Personal Financial Strategy: Economic and Psychological Aspects of Its Development
The relevance of the topic of this work lies in the fact that in the modern world, when choosing personal financial strategies, psychological aspects and the low level of financial literacy of the population, which do not allow using the full potential of financial instruments existing in the market, often play a dominant role. As a result, the efficiency of investments of individuals decreases, which in turn reduces, binds the potential for economic development and the average standard of living. The object of the study of this work is the personal financial strategy. The subjects of research of this work are all aspects of its development: from economic to psychological, i.e. from financial instruments to personality traits. The purpose of writing this work is to consider and formulate the necessary financial instruments and personality traits for the formation and execution of personal financial strategies aimed at achieving financial well-being. To achieve this goal in the work need to solve the following tasks: 1. Analysis of the most popular financial instruments used by nat persons in the Russian Federation. 2. Examine all sorts of psychological aspects that affect the person when planning and using personal financial strategy; 3. Analysis of US personal financial strategies. 4. On the basis of the data obtained, form the most effective personal financial strategies and make recommendations for their implementation in the masses. The main results (conclusions) of the reforms were the following events: 1. Identifying psychological barriers to choosing a personal financial strategy; 2. Formation of the optimal personal financial strategy; 3. Identification of possible ways to eliminate psychological barriers; The results obtained will make a significant breakthrough in the economy of the Russian Federation, as well as improve the standard of living in the country.