| Issue |
E3S Web Conf.
Volume 431, 2023
XI International Scientific and Practical Conference Innovative Technologies in Environmental Science and Education (ITSE-2023)
|
|
|---|---|---|
| Article Number | 07002 | |
| Number of page(s) | 9 | |
| Section | Environmental Economic, Policy and Law | |
| DOI | https://doi.org/10.1051/e3sconf/202343107002 | |
| Published online | 13 October 2023 | |
Modern methods of managing household finances in Russia
1 Kazan Federal University, 420008 Kazan, Russia
2 Volga Region State University of Physical Culture, Sports and Tourism, 420010 Kazan, Russia
* Corresponding author: kiak6@mail.ru
In today’s world, the household is an essential part of a country’s economy, and the efficiency and quality of household activity determine a country’s well-being. In order to function effectively in a country’s economic system, the household has to analyse the needs and desires of the immediate participants. The data then informs the creation of savings opportunities and goals. In addition to setting the direction and objectives of household financial management, the immediate participants in the household make an indicative assessment of the financial resources they need to meet their needs. The economy of the household is based on a rather complex and contradictory set of relations between its participants. These relationships are determined by differences in age, character traits, habits of people, the unequal level of their needs and incomes. At the same time, the normal development of the household is possible only if the participants find mutual understanding when making economic decisions. Coordination of the socioeconomic interests of different members of the household is ensured by the regulation of these interests, which implies a possible change in the part of disposable income that comes to one member of the household.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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