On the issue of developing a unique classification of income and expenses of a financially literate person

the purpose of the study is to develop a unique classification of income and expenses of a financially literate person or his family. Methods: the methods used in the presented study are economic and statistical methods, monographic method and comparison method. Findings: the scientific article presents the main qualities of a financially literate person, substantiates the need to develop a unique classification of income and expenses, characteristic of a financially literate person or his family. Conclusions: the main qualities of a financially literate person are identified, it is indicated that the implementation of qualities should take place in combination to obtain a positive effect; it is noted that accounting of income and expenses is a labor-intensive process that requires the use of free time; it is indicated that a unique classification of income includes such types of income that are characteristic of a given person or his family; the mechanism for forming a unique classification of expenses of a financially literate person is shown, its effectiveness for conducting analysis is shown; it is noted that it is important to determine the share of expenses in income and its change in the analysis period to confirm the implementation of the quality of a financially literate person "spends more than earns".

financial literacy, financially literate person, income, expenses, unique classification of income and expenses, signs of a financially literate person, structure of income and expenses