A lecture on interfaculty communication as part of the course "Financial Literacy"
On March 5, 2026, G.I. Supugalieva, senior lecturer in the Department of Finance and Accounting at the Higher School of Economics and Business, delivered a lecture on the topic "Financial Literacy" to first-year students of the Media Communications educational program of the Department of Print and Electronic Media of the Faculty of Journalism as part of the 4th Sustainable Development Goal "Quality Education" and the 8th Sustainable Development Goal "Decent Work and Economic Growth" in interfaculty communication.
The purpose of this lecture was to support the university's principles of sustainable development and promote the values of quality education, decent work, and economic growth among students. Financial literacy is a set of skills and knowledge that an individual or society must possess to correctly understand and effectively use financial instruments and services, as well as make financial decisions. Financial literacy is not just about saving or spending money, but also about acquiring financial knowledge, managing financial risks, accumulating and investing funds, and making the right choices about financial products and services. Improving students' financial literacy will enable them to make rational financial decisions, resolve emerging financial problems, and promptly recognize financial fraud. During the lecture, students learned about the practical application of all financial instruments, preserving and increasing savings, effective budgeting, calculating and paying taxes, and accurately filing tax returns. The importance of financial literacy was explained. Financial literacy allows people to manage their income and expenses wisely. They can monitor their financial situation and develop informed plans and strategies. Financial literacy helps people effectively save, eliminate debt, and achieve their financial goals. This is the foundation for achieving financial independence. Financial literacy helps anticipate and avoid financial risks. Understanding and managing the various risks encountered in the financial market is crucial. Financially literate people can make sound decisions when applying for a loan, choosing an insurance policy, investing, or managing their retirement savings. They can also compare various products and services on the financial market and choose the ones that best suit their needs. Financial literacy allows people to protect their money and reduce the risk of loss. Financial literacy is the ability of citizens to effectively manage their finances, choose financial products and services wisely, manage financial risks, and feel responsible when making financial decisions. Improving financial literacy brings significant economic benefits not only to individuals but also to the state. Therefore, this issue deserves special attention in public policy.
The lecture comprehensively covered budgeting, personal income and expense management, thrift, investing, and savings, as well as ways to overcome a financial crisis. Students were presented with real-life examples and engaged in an exchange of views on current financial issues.
