Financial Education of Youth in Russia

Finances are an important part of the daily life of both adults and young people. Each of us must make financial decisions about recreation, health, education and more. The question is, how important is financial education as part of the school curriculum or postponed to a later stage in life. Financial education for young people contributes to the adoption of competent decisions, minimizes risks and, thereby, can increase the financial security of young people. Low levels of financial literacy and insufficient understanding of personal finance can lead not only to bankruptcy, but also to illiterate retirement planning, vulnerability to financial fraud, excessive debt and social problems, including depression and other personal problems. Today Young people for the most part do not save money for the future, prefer to keep their money in a piggy bank, and have debts. The economy loses in view of the unreasonable distribution of funds by young people now, as well as in the future. The standard of living and confidence in the future, stability and prosperity of the economy and society as a whole are decreasing. In addition, many adults lack financial analysis skills. Quite often, the cause can be a lack of a solid foundation or uncertainty in financial terms and concepts. From an early age, creating a strong background is likely to prevent this from happening. The ability to understand the value of money, how the economic system works, and to interpret financial news and its meaning is a virtue. Without this virtue, a person, even a young one, can suffer to some extent. For example, a child who does not understand the concept of money may be more difficult, except for choosing only one real one from the more possible. The aim of the work is to design an online educational platform for schoolchildren that will help draw attention to the topic of finance. Also, within the framework of the project, the goal was to make a mobile game that could teach children how to manage their finances. The main methods are the selection and writing of texts, the development of articles, the creation of a script for a mobile game, the UX and UI of the game, as well as the development of a board game. Based on these materials, such as articles, books and Internet resources, important conclusions were drawn for the project.