KBSU specialists immersed schoolchildren in the world of financial literacy

As part of the Science Week at Kabardino-Balkarian State University named after Kh.M. Berbekov and the 7th stage of the All-Russian educational relay race «My Finances,» staff from the Regional Center for Financial Literacy at the Institute of Law, Economics, and Finance (IPEiF) of KBSU, together with student volunteers, held a series of educational meetings with students from the Palace of Children and Youth Creativity of the Ministry of Education and Science of the Kabardino-Balkarian Republic. The key goal of the events was to broaden children’s and young people’s horizons in the area of ​​personal finance, develop a conscious approach to income management, and develop a culture of prudent spending—qualities necessary for a confident start in adulthood.

Children of all ages participated in the program, from preschoolers aged 5–6 to eleventh-graders. The interactive format of the classes included watching thematic videos, discussing presentations, participating in question-and-answer sessions, and solving financial puzzles, crosswords, and quizzes. The students learned about the benefits of wisely managing their finances, the principles of creating a financial safety net, the basics of saving and investing, responsible borrowing, and the importance of prioritizing needs and planning major purchases.

Rita Kushbokova, Head of the Regional Center for Financial Literacy at KBSU, noted the long-term value of such initiatives:

«Children and adolescents who possess rational consumption skills are better prepared for independent living. They manage money wisely, plan expenses, know how to save for large purchases and investments, and understand the consequences of financial decisions. Such events are an important step in developing a new value system in the younger generation, allowing them to take the first step toward a sustainable financial future and a responsible approach to managing society’s resources.» Following the lessons, each participant received commemorative medals in the categories «Erudite,» «For Resourcefulness,» «Well Done,» «For Creativity,» and «For Attentiveness,» as well as themed surprise gifts symbolizing their first steps toward financial maturity. To maintain motivation, the students were given inspirational postcards with quotes and informational booklets with practical tips on avoiding impulse purchases, budgeting, and improving their overall financial literacy.