The National Bank of the Republic of Macedonia (NBRM), in cooperation with the European Fund for Southeast Europe (EFSE), has developed three educational booklets: "From Denars to dreams!", "What should we know before taking a loan?" and "Do you manage your money or is it your money that manages you?"
Skopje and Frankfurt, 7 October 2016 - The National Bank of the Republic of Macedonia (NBRM), in cooperation with the European Fund for Southeast Europe (EFSE), has developed three educational booklets: "From Denars to dreams!", "What should we know before taking a loan?" and "Do you manage your money or is it your money that manages you?".
The booklets will contribute to inform citizens and to teach more about saving deposits, term and sight deposits, loans offered by financial institutions, over-indebtedness and money management. The idea of publishing these educational booklets is to help citizens make informed financial decisions and avoid over-indebtedness.
Savings, loans and money management are the most common forms of personal finance and target each group of citizens, from youth and students to the adult population and pensioners. Managing personal finance improves the standard of living. Savings can help in reaching any financial goal, whether it means comfortable retirement, purchasing a house or a new car, thus avoiding over-indebtedness. Loans, however, if used wisely, are a powerful financial tool, but if used carelessly can become a heavy financial burden. Understanding the bases of loans and debt management entails firm financial fundamentals. Money management is a plan of income and expenditures and can be used as a guide for spending and saving. A well-planned monthly budget can pay bills on time, generate funds for contingencies and achieve the desired financial goals.
The booklets are small practical guides available in Macedonian and Albanian language that provide information related to savings, loans and money management in easily comprehensible and simple way. The main idea of the booklets is to raise the level of financial literacy among the population in Macedonia.
The booklets are part of the activities conducted within the Financial Education Project of the National Bank and will be available for the public in electronic format on the official website of the National Bank: www.nbrm.mk and of the EFSE: www.efse.lu, as well as on the social networks and links (in Macedonian):
1. "From Denars to dreams!"
2. "What should we know before taking a loan?"
3. "Do you manage your money or is it your money that manages you?"
The booklet can also be found in printed version at the National Bank and in the main branches of the commercial banks.
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