How to improve your financial literacy: three simple steps from the “Harazd” website
Do you know how to properly manage your finances? Can you choose the most advantageous financial product or service for yourself? Do you feel confident and calm when it comes to money and financial planning? If you answered “no” to at least one of these questions, it is worth thinking about the need to improve your financial literacy.
Financial literacy is not only knowledge about money, but also skills that help us manage finances, achieve financial goals, protect our rights, and be financially resilient in a time of change and uncertainty. In this article we will tell why financial literacy is important for each of us, what challenges it helps to overcome, and how you can improve it with the help of the educational website on financial literacy “Harazd” from the National Bank of Ukraine.
How will the “Harazd” website help to learn financial literacy?
So that everyone has an accessible opportunity to improve their knowledge and skills in finance, the National Bank has created the free online platform "Harazd". Let's consider how exactly this resource can help you acquire the necessary competencies for making effective financial decisions.
Step 1. Check your level of financial literacy.
Before starting to study financial literacy, it is worth finding out what knowledge of managing your finances you already have, and what needs improvement. On the “Harazd” website, you can find seven test options on different topics. Each test consists of 20 questions. Based on the test results, the website will offer an individual plan — a personal selection of articles that will help to fill the gaps in knowledge. You can take the tests and check your level of financial literacy at the link.
Step 2. Familiarize yourself with the content of the main sections of the “Harazd” website.
If you want to deepen your awareness in the field of finance, get more familiar with the articles placed on the “Harazd” website. The website consists of six sections: “Money”, “Financial Planning”, “Deposits”, “Loans”, “Insurance”, “Fraud”. You can find a topic that interests you using the search function, or view all articles by section. The website also has two special sections: “Lifehacks” and “Question of the day”, where you can find short and practical advice about finances, as well as find answers to topical questions of consumers of financial services.
Step 3. Practice the acquired knowledge in everyday life.
The best way to learn is practice. Having familiarized yourself with the materials of the "Harazd" website, apply your new knowledge in real life. From compiling a budget to choosing the most advantageous financial products — you will find everything you need on this resource.
At the initial stage, it is worth studying at least the basics of financial literacy and starting to apply them in solving financial issues daily: when buying products at the supermarket, planning the family budget, using financial services, etc. This will help you develop your financial competencies, among which are budgeting, saving, investing, analyzing financial risks, and more.
A responsible attitude to your finances is a contribution to your financial freedom. Learn financial literacy and enrich your knowledge together with the online platform of the National Bank “Harazd”.
