“FINANCIAL LITERACY – THE KEY TO A SUCCESSFUL FUTURE”

On February 16, within the framework of the “FINANCIAL LITERACY” plan, a seminar for first-year students entitled “FINANCIAL LITERACY – THE KEY TO A SUCCESSFUL FUTURE” was held at the Faculty of Chemistry and Chemical Technology of Al-Farabi Kazakh National University. The speaker of the seminar was Ilyas Ongaruly Kuliev, Deputy Dean for Social and Educational Work of the Higher School of Economics and Business, Senior Lecturer. The purpose of the seminar was to develop students’ financial culture, enhance their skills in effective personal financial management, and increase their financial responsibility as a foundation for future economic stability. The objectives of the seminar included: explaining methods of personal and family budget planning; teaching effective income and expense management techniques; highlighting the importance of financial security and savings formation; providing basic information on loans, deposits, and investments; explaining ways to protect against financial fraud; and developing students’ critical thinking in the field of finance.

During the meeting, the speaker emphasized the role of financial literacy in modern society and explained, using specific examples, ways to prevent financial mistakes among young people. Students were given practical recommendations applicable to everyday life, and simple algorithms for financial planning were presented.

In addition, issues related to digital banking, online payment systems, and financial security were thoroughly discussed. Special attention was paid to the risks of microloans (quick online loans). The speaker noted that high interest rates and penalty charges on microloans can lead borrowers to serious financial difficulties. It was explained that in case of late payment, debt can grow rapidly, negatively affecting a student’s credit history.

Students were advised, in case of financial difficulties, to reconsider their budget, reduce expenses, build savings, or seek консультации from official financial institutions instead of taking out a microloan. Emphasis was also placed on the importance of carefully reviewing contract terms and avoiding hasty financial decisions.

The seminar was conducted in an interactive format; students actively asked questions and received comprehensive answers.

This event was aimed at improving students’ financial literacy, fostering a culture of informed financial decision-making, and supporting their development as successful and economically stable individuals in the future.

Deputy Dean for Social and Educational Work Zhaksylikova G.Zh.