In recent years, various non-state funds have become widespread, offering their clients insurance services, as well as savings for future pensions. Some non-state pension funds (NPFs) combine these two services - the client of the fund can both insure his life and secure a comfortable old age.

Investments in savings programs have become a popular type of investment, however, the increase in the number of NPFs makes it necessary to be careful when choosing a fund that is suitable for investments.

Object of investment in accumulative programs

The non-state pension fund is a special form of social security organization. The basis of its activity is the non-state pension provision of depositors, which is carried out in accordance with the concluded agreements. The legal basis for the activities of such funds is Federal Law No. 75-FZ of May 7, 1998 “On Non-State Pension Funds”.

The essence of the work of the NPF is reduced to the accumulation of contributions, the placement of pension reserves in accordance with the current legislation, as well as the distribution of income by processing payments to the fund's contributors.

Classification of investment in funded programs

Funds are transferred to the NPF on the basis of a pension agreement, upon signing which the depositor immediately chooses the pension scheme. According to this scheme, the depositor's funds will be accumulated and payments made to him.

There are several classifications of pension schemes:

• according to the methods of formation of the fund's obligations to the depositor - according to this criterion, the schemes are divided into insurance, savings and mixed.

Insurance schemes enable the contributor to receive regular pension payments upon reaching a certain age. These schemes do not provide for inheritance or transfer of rights to another person.

Savings models allow the contributor to receive a pension for a predetermined period. In the event that the depositor is no longer alive, the savings remaining in his account may be paid out to his heirs or legal successors.

Mixed schemes are a combined version of the two previous models. The transfer of property rights to such deposits is possible, most often, only during the period of accumulation of funds by the depositor.

• according to the terms of the settlements - two types of schemes are possible: with defined payments and defined contributions.
• for the accounting of pension liabilities of NPFs, investment schemes are allocated, taking into account in nominal or solidary accounts. For depositors - individuals - accounting for contributions on a nominal account is provided, for enterprises and legal entities - on a solidary account.

Based on the results of accounting for funds in a solidary or nominal account, the pension fund forms a reserve. Most funds, in turn, invest these reserves in safe assets. Thus, the fund acts as an intermediary between its participants (depositors) and large companies, in whose assets the reserves are directed. The income received by the fund as a result of investing in assets is distributed among the accounts of depositors, which increases their future income. However, not all funds are transferred to the accounts of depositors - some of them are deducted to the manager, and are also spent on maintaining the fund and replenishing the insurance reserve of the organization.

Goals and objectives of investing in savings programs

Investments in funded programs have become popular in developed and developing countries, as they provide an opportunity not only to “unburden” the country's budget, but also to provide depositors with stable increased payments.

The essence of investing in savings programs is quite simple. The contribution itself can be conditionally divided into two stages.

The first step is fundraising. The investor regularly transfers funds to his account in the fund. The accumulation is carried out over several years, which allows you to eventually collect a fairly substantial amount.

The second stage occurs when the term of the funded program comes to an end or when the contributor reaches retirement age. From this moment, the accumulated funds begin to be paid to the depositor on a monthly basis. Most programs provide for a lifetime payment of funds.

In addition to increasing pensions, investing in funds makes it possible to obtain more reliable insurance protection than that provided by compulsory insurance. The funds that the investor transfers to the insurance fund are deferred with interest. The policy issued by the company to the depositor guarantees payments in case of accidents, serious illness, or payment to family members in the event of the depositor's death. This allows you to guarantee protection not only to the depositor himself, but also to his family and friends.

Methods and risks of investing in savings programs

In Russia, there are a huge number of funds in which you can invest. Most of them provide publicly available information about the profitability and reliability of the fund. Many large funds are backed by reputable companies - Russian Railways, Lukoil, etc. The assets of such funds are securities, precious metals, real estate, etc. For investors, the benefit of working with such funds is, first of all, in receiving income above the current inflation rate.

When choosing a fund for investments, it is advisable to focus on a large organization that has proven itself in terms of profitability, reliability and literacy in managing depositors' funds. Most funds allow depositors to control their accounts online, receiving comprehensive information about the status of the account at any convenient time. For comparison, the state pension fund sends letters-reports only once a year.

In the event that for some reason the depositor is dissatisfied with the work of the fund, he can transfer his savings to another fund - before concluding an agreement, it should be clarified whether there is such a possibility. The risk in this case is that the fund may require part of the accumulated funds as compensation.

When choosing a fund, one should rely on such reliability criteria as:

• composition of the founders of the fund,
• the size of the fund's reserve,
• the total number of fund participants,
• the amount of contributions and the amount of paid savings,
• the amount of the fund's property, which is intended to ensure its statutory activities.

The Fund must provide open access to all information about its financial performance, as well as about the available schemes for accumulating funds.

The result of investing in savings programs

The most obvious result of investing in the fund is the possibility of obtaining additional income, as well as a cash "reserve" in case of unforeseen circumstances.

In addition, the funds enable depositors to open accounts in the name of children - by the time the child comes of age, a substantial amount will already be accumulated on his account, which he can spend on education, organizing a wedding or starting his own business.

Federal State Statistics Service, the average monthly salary in Russia as a whole for the third quarter of 2017 amounted to 37,723 rubles, which is 5.5% higher compared to the same period in 2016. At the same time, the minimum tuition fee at Moscow State University named after M.V. Lomonosov in 2017 was 310,000 rubles a year; the cost of the MGIMO undergraduate program in the direction of "International Relations" for the current academic year is 530,000 rubles, at the Moscow State Technical University. N.E. Bauman in the direction of "Applied Mathematics and Informatics" - 206,380 rubles.

It turns out that the average Russian cannot pay for the education of a child in the leading universities of the country. Prestigious education, even on credit, creates a significant burden on the family budget. Obviously, in these realities, most Russian parents have no other choice but to create savings for their children for the future.

However, this practice is not yet widespread. According to the observations of experts interviewed by Forbes, Russians who have their own business, or those whose income is more than 100,000 rubles a month, are mainly thinking about the long-term financial support of their children. The top popular goals include education, real estate, expenses for a wedding (organization of a celebration), less often - a car.

“For the rest, such a financial goal as providing for children is more ephemeral than real. It is more important to acquire assets for the family as a whole, which will then be inherited by children, ”Saida Suleimanovna, an independent financial adviser, Associate Professor of the Department of Insurance and Economics of the Social Sphere of the Financial University under the Government of the Russian Federation, shares her observations.

Alena Nikitina, General Director of the Organization for Personal Finance, adds that people who have their own business most often think about the issue of creating investments for children. They are aware of the risk of financial loss at any time, so they create capital for children to mitigate the consequences of possible damage. In addition, this category of people is convinced that large expenses should be planned in advance.

According to a study by the NAFI analytical center (the survey was conducted in 2016, 1663 people participated), Russians are best aware of savings products for children and adolescents. These tools were named by 61% of respondents. At the same time, 44% of respondents knew about educational loans, a third of respondents (30%) indicated debit cards issued as additional to parental ones, 29% named prepaid bank cards.

However, the majority of respondents (74%) did not register any of the listed financial products and services. 17% of respondents have experience in opening savings accounts for children and grandchildren, 8% have made prepaid bank cards for children, 7% of respondents have debit cards as additional to their own.

What tools to choose

Considering a bank deposit as the only way to accumulate a significant amount of money in the long run is a dubious option, since the return on it usually does not compensate for the increase in expenses even for essential goods. Over the past year, food prices in a number of regions have increased by 9.5%, which is three times higher than the official inflation. The key rate of the Central Bank is now 7.5% and will continue to decrease. For bank customers, this will mean a drop in deposit rates, which are now within 8%.

“In order to solve the problem of accumulating children's capital, there is no need to look for special products. There are many tools in the financial market that can be used to save money for a child, including trust management strategies, bonds, investment funds, structured products, and so on,” says the head of the Wealth Management block at Alfa-Bank Katerina Mileeva.

When choosing an instrument, it is important to understand that it corresponds to the investment goals that the parent sets for himself, to be aware of the risks and capital protection mechanisms, the expert adds. Creating capital for a child is also a great way to learn how to work with various financial instruments.

The choice of investment instruments is an individual question, the answer to which depends on the client's risk profile. “There are investors for whom 2.5% per annum in dollars is an attractive yield, and there are those who are not ready to discuss figures below 5% per annum,” explains Katerina Mileeva. Today, almost all banks and brokerage companies offer clients to go through a profiling procedure at the start, which reveals how ready and able they are to accept risk, their expectations regarding profitability and other parameters. As a result, this allows you to choose the optimal investment proposal.

Investments with moderate risk

NAFI representative Olga Dolgova believes that choosing a way to save for children is from a conservative position: long-term savings associated with a life start should be protected as much as possible. In addition to a bank deposit, she suggests considering the option of so-called people's bonds (OFZ-n). The yield on them is now at the level of 7-8% per annum, there are no taxes, and the brokerage commission when buying or selling is minimal. “Investments in bonds are generally more profitable than deposits, and for amounts over 1.4 million rubles - even more reliable,” the expert comments.

A good option might be to open an individual investment account (IIA) with the purchase of OFZ or corporate bonds of large Russian companies issued in 2017-2020, adds Yaroslav Kabakov, Deputy General Director of Finam JSC.

“These securities are highly reliable and, in addition to the potential yield above a bank deposit, they have preferential taxation (coupon income is not taxed). In addition, any amount can be “parked” in bonds, while deposits have an insurance limit of 1.4 million rubles,” the expert explains. He also recommends including foreign currency assets in the portfolio in order to protect the ruble component from exchange rate fluctuations.

IIS allows you to receive a tax deduction of 13% on the funds contributed (maximum 52,000 rubles) - this factor can also be considered as an additional source of income. Reinvestment of tax deductions on IIA will provide an opportunity to further increase profitability. The maximum amount that can be deposited into IIS during a calendar year is now 1 million rubles.

Alena Nikitina from the Organization of Personal Finance suggests using a scheme that involves a combination of several tools: the minimum required is the purchase of real estate and a deposit (preferably in dollars and / or in another currency) plus tools for foreign investment. The expert mentions accumulative programs from foreign insurance companies, which can bring good returns, but only on condition of regular payments. So this tool can only be called beneficial if the parents have a financial reserve that will allow them to make contributions throughout the entire term of the agreement with the investment company.

For those who need more

Investors focused on higher returns and a long investment horizon may consider investing in shares, including through Russian or foreign funds, experts agree. “The risk of such investments is much higher, but the historical return on investments in stocks over the long term usually exceeds the return on bonds,” explains Katerina Mileeva.

Financial consultant, founder of the company "Personal Capital" Vladimir Savenok notes that only stocks can outperform inflation in the long run. “The historical average annual return on US stocks was 9%. Today, with such low interest rates for the dollar and the euro, the yield will decrease, but it will still overtake inflation, which is also very low,” the expert comments. He advises investing 100% of the capital in stocks and equity funds in the first six years, and spreading investments between stocks (70%) and bonds (30%) in the next seven years. In the last five years (before the child's 18th birthday), it makes sense to increase the share of bonds by 10 percentage points every year, he concludes.

“Today, I would invest 90% of my capital in equity funds of developed countries: USA (40%), Europe (30%) and Asia (20%). The remaining 10% goes to developing countries. In the future, this ratio can be revised depending on who will be the main engine of the world economy. Exchange-traded funds (ETF) or mutual funds can act as instruments,” the expert specifies.

The expert also recommends long-term investment in foreign currency through foreign intermediaries: brokers, banks, insurance companies. “In Russia, the legislation has not yet been worked out, almost every year it changes. Therefore, it is better to keep money where everything is more stable (in a country with a higher rating) and in a more stable currency than the ruble,” Savenok explains.

Natalya Smirnova, General Director of the Personal Advisor company, adds that if parents are not afraid of risks, then one of them can open an IIA by adding shares, exchange-traded funds (ETF) plus Eurobonds to minimize taxes. “As capital accumulates on IIS, especially if the future of the child is seen outside of Russia, the savings can be transferred to a foreign brokerage account and form a fully foreign currency portfolio,” says Smirnova.

Insurance for the future

In recent years, proposals have appeared on the market that are positioned specifically as tools for parents who want to create capital for their child. First of all, we are talking about endowment life insurance. “Almost any insurance company has them in its product line with the ability to flexibly customize the product for the client: you can choose the desired term, the frequency of contributions, the scheme for paying savings after the specified age (for example, there are programs that provide for the annual payment of part of the amount to the child during his education in university) and so on,” describes the parameters of the programs Katerina Mileeva.

Cumulative life insurance (CLI) works according to the following scheme. One of the parents enters into an agreement with the insurance company, indicating the child as the insured. You can choose the term and amount of regular deductions (insurance premiums) acceptable for the family budget. The company invests the contributions received, generating additional income, which, together with the sum insured specified in the contract, will be paid at the end of the program.

The advantage of the NSZH is the protection of the family budget in case of unforeseen circumstances with sums insured for each of the risks included in the program. “If a child is injured at school and needs care, then the insurer compensates for the loss of parents in wages,” explains Evgeny Gurevich, general director of RGS Life.

The guarantee of payment is maintained even if something unforeseen happens to the parent and the transfer of contributions stops. The expert adds that recently the functionality of accumulative life insurance programs has been actively expanded by connecting new options. For example, it may be to provide protection not only to the child, but also to the insured for a wide range of risks, including protection against deadly diseases.

Compared to other ways of savings, for example, deposits, HOA programs have such advantages as tax benefits (13% tax deduction) and a high level of legal protection for investments: money used to purchase an insurance policy is not subject to collection and arrest, is not included in composition of the property to be divided. The beneficiaries who are registered in the policy cannot be disputed. The inheritance under the policy is paid to the specified beneficiary without waiting 6 months and so on.

Meanwhile, the NSZH products also have their drawbacks. “You need to understand that this is a life and health insurance policy and this is in the first place, and savings is just an additional option,” Vladimir Savenok explains. “At the same time, the conditions for saving here are not particularly attractive: the yield is very low and it is quite possible that after the expiration of the program, the client will receive an amount less than he invested.” Insurance and savings can be combined with two programs: life and health risk insurance (it will be much cheaper) and investing in a different, more profitable strategy, Savenok summarizes.

Yaroslav Kabakov, Deputy General Director of Finam JSC, among the disadvantages of such programs, points out the lack of flexibility in managing funds and the inability to influence asset management decisions. “In addition, in case of early termination of the contract, you will have to lose a certain amount. Let me remind you that investment policies are not insured by the state program, like deposits, and this point should also be taken into account, ”adds the expert.

Nevertheless, endowment insurance can be used as a component of an investment portfolio, experts agree. Natalya Smirnova recommends making a parent both an insured and an insured person, since the accumulation process depends on the adult's ability to work. “If parents are 100% sure that the child will study in Russia, then contributions can be made in rubles. If you are not sure - better in the currency. The sum insured must be in the amount of the minimum required amount for training. The deadline is until the child enters the university, ”she clarifies.

When drawing up a contract, it is imperative to take into account the risks: disability for any reason, dangerous diseases, exemption from paying contributions. Then, in the event of an insured event, the program will continue to operate at the expense of the contributions of the insurance company.

• Before making an investment decision, it is necessary to formulate the main tasks for yourself: the term for placing funds, the desired level of capital protection, acceptable risks, expected profitability, as well as liquidity requirements for the instrument - is there, for example, the need to receive regular payments or the possibility of early sale of the instrument.
• You need to carefully understand all the conditions of the product before buying it. Do not rely on information obtained from only one source, for example, from a bank representative. Ideally, you need to compare the offers of several banks in order to make a meaningful choice.
• The tax implications associated with a particular instrument need to be considered.
• The terms of the contract need to be studied in detail. You can involve financial consultants who will help you understand the terms and specifics. Since there can be a lot of nuances, it is difficult to single out the most important and necessary ones. For example, when concluding an insurance contract, you need to look at exceptions to payments and insurance rules. When concluding a brokerage service agreement, make sure that you have a license and clarify service rates.
• The key to success is the regular replenishment of the portfolio. Keep your monthly contributions small but regular.
• You should not use high-risk instruments (for example, cryptocurrencies).
• It is necessary to teach the child the competent handling of money, otherwise all investments will be in vain.

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In order to protect yourself from big expenses and save up for a small house somewhere on the seashore, it is not necessary to deny yourself everything and tightly sew up savings in a mattress. Sometimes it’s enough just to use personal assistants that fit in a regular smartphone. website collected 10 applications for saving, counting and increasing your income.

Zen money

A convenient tool for budget planning with SMS recognition from all the largest banks in Russia, Ukraine, Belarus and automatic creation of transactions. You can work on multiple devices - the data will be automatically synchronized. In addition, the program analyzes costs and builds forecasts. It's pretty easy to understand here.

CoinKeeper

It is very convenient for quick fixing of expenses right at the checkout. The main screen of the application is similar to a large coin holder. Income, wallets and expenses are presented as stacks. To fix the spending, it is enough to transfer a coin from a pile to a pile. In addition, the application analyzes income and expenses for different periods, helps to make forecasts and has a lot of other useful features.

Drebedengi

There are 4 concise directories in the application: expenses, incomes, movements and exchange. You can make a shopping list and then audit it: what is bought, what is not, how much is spent. The application allows you to make both short-term and long-term budget. You can plan to buy, say, a sofa, and Drebedengi will diligently count how much is left to save. The application has a multi-user mode - you can connect all family members to the system and keep track of the total budget.

Spendee

The application has a fairly minimalist functionality, so it will take no more than a couple of seconds to enter a purchase into the database. The strong-willed can look into the spending statistics section. After this, many are guaranteed to begin to refrain from unnecessary trifles, which they usually grabbed from the windows without hesitation.

Toshl is quite similar in functionality to Spendee and is more of an eye-pleasing alternative, as you will be supervised by cute Asian cartoons to keep track of expenses. Of the minuses: you can not specify several accounts, but you can separate them with tags.

Daily Budget

If you're looking to start saving money for something bigger than dining out, this app will help you pull yourself together and figure out how much you spend every day. First you need to drive in your monthly income, indicate the amount of standard monthly expenses (for example, utility bills) and indicate the percentage of total income that you want to save in a piggy bank. After a little thought, the application will give you an amount that you can safely spend during the day.

HomeMoney

Convenient and appreciated by many applications for home bookkeeping. Allows you to record expenses, income, transfer from account to account, evaluate account balances. It is possible to view the entered information in the form of graphs - and it immediately becomes clear where the holes are in the budget.

M8 - my money. my way

Life insurance has been popular all over the world for decades. The benefits of such programs allow you to protect your loved ones from sudden waste, for example, in the event of an illness, accident or death of the insured, relatives will receive financial capital that will help not only bury the deceased, but also solve the financial difficulties of the family.

Today there is a standard life insurance, which is issued for a specific period. The insured, under this program, pays premiums, and in case of illness, injury or death, the trusted person receives compensation. Cumulative life insurance is a program that allows you not only to protect yourself and your family from unplanned financial losses in the event of illness or death, but also provides an opportunity to secure your old age by increasing family capital.

Specifics of accumulative insurance

The essence of the program is that the insured person undertakes to pay contributions in a timely manner within the period specified in the contract. At the end of the specified periods, the insured person receives payments with interest (specific contributions and interest rates are negotiated), most programs insure for at least 5 years. At the end of the program, the participant can choose a convenient payment method:

• payment in a single amount immediately;
• payment in installments, the so-called Lifetime pension.

Accumulative capital insurance in Russia is offered by private and state insurance companies. Each company offers its own conditions, so before entering into an agreement with the first company that comes across, it makes sense to find out what conditions their colleagues put forward.

As soon as the accumulative insurance policy is purchased, its action is activated. In cases where, during the validity period of the policy, the insured person becomes disabled, for example, group I, then the insurance continues to operate according to the stipulated conditions in the contract, but now there is no need to make contributions, the insurance company will make contributions on its own. All refunds and payments at the end of the program must be paid in 100% amount.

How is the accumulation of funds

According to the concluded agreement, at the end of the program, the insured person receives a specific amount, as well as the income part that has accumulated due to the investment of personal funds. The contract can be concluded not only in rubles, but also in the desired currency.

The cost of the pole, as well as the amount of the final payment, depends on many criteria:

• age;
• duration of insurance;
• amount of monthly payments.

The monthly fee is divided into 2 installments. One part goes to the guaranteed payout amount, the second part is invested and accumulated as income. If the insured person wants to receive the main part in case of an insured event, then the amount of savings will be less. Regular notification of the insured person about the current situation of his savings is considered mandatory.

Endowment life insurance programs are not a way to become rich, but this is a unique opportunity to maintain the financial position of your family, and in an insured event, also receive compensation. In the most difficult cases for the family - death, relatives will receive significant financial capital. Moreover, this type of insurance allows you to save up for a child's education or for a major purchase, but most often insurance is used to ensure a decent old age.

What to do if a participant of the insurance program is faced with financial difficulties

If during the period of validity of the contract the insured person experiences unforeseen circumstances, financial difficulties that do not allow continuing to pay contributions, the contract is subject to termination, while the program participant receives the income earned on his investment deposits, as well as the redemption amount.

Attention: Not all insurance companies provide for the payment of a redemption amount, i.e. the amount that the company undertakes to pay in the event of termination of the contract with the insured person.

Mandatory clauses in the insurance contract

1. A complete list of information about the relatives of the insured person, they must be indicated as beneficiaries and nothing else.
2. Contact information (address of residence, current telephone numbers, details of the parties).
3. Date of signing and duration of the contract.
4. A complete list of the discussed and agreed risks, as well as the procedure for actions in the event of accidents.
5. The selected currency in which contributions will be paid and final payment will be made at the end of the program.
6. The interest must be indicated in the program agreed upon by the insured person.
7. The procedure for terminating the contract in the event of financial difficulties.

If at least 1 of the above points is missing in the contract, then before signing, you need to make sure that the insurance company is serious.

In addition, the insurer and the insured person must sign the contract, and after that the company must put a wet seal. The program participant must obtain an insurance policy confirming the successful conclusion of the contract.

Medical examination when applying for endowment life insurance

Before the insurance company agrees to conclude a contract for participation in the funded program, the applicant will have to undergo a full medical examination. No one can say how long it will take to receive the test results, so if you plan to join the program at a certain time, you should start filling out documents, including undergoing a medical examination, in advance.

For example, at the age of 25, a person wants to become a member of a funded insurance program lasting 5 years. In order to receive a large payment at the age of 30, you need to apply to insurers at least 2-3 months in advance.

Sometimes, after passing a medical examination, the insurance company is forced to refuse the accumulative program. The following factors may serve as reasons for refusal:

1. Oncological diseases, including the presence of malignant tumors in the body of the applicant.
2. Severe diabetes mellitus disease.
3. The presence of mental disorders and hereditary diseases.
4. The presence of diseases of the cardiovascular system.

What risks are included in the endowment insurance program

Each company can set its own criteria and its own list of risks in relation to the insured person, but in most cases the risks taken into account are the same, they include:

1. Death of the insured program participant (due to illness or accident).
2. The emergence of legal capacity due to serious illness.
3. Injury or accident resulting in temporary disability.
4. Disability due to accident or illness.

Significant benefits of endowment insurance

The main advantages of insurance are:

• financial protection and independence in the event of unforeseen circumstances;
• the accumulative system allows you to gain material stability in the near future, allows you to purchase long-awaited purchases;
• thanks to annual indexation, the company protects the savings of the insured against inflation;
• this program allows Russian citizens to act as investors;
• when considering risks, the widest possible limits are stipulated under which the insured person may suffer to one degree or another;
• the insurer regularly calculates the interest rate in accordance with the terms of the contract;
• if an insured event occurs, the insurer pays the entire amount, as well as the accrued interest, to the relatives specified in the contract;
• the insurance premium is not taxed.

The most popular endowment insurance programs

Endowment insurance programs are divided into several categories:

Today, large companies offer Russians profitable endowment insurance programs. Some of the most successful and sought-after insurers in Russia this year are:

• "Alfa Bank" offers profitable children's and pension savings programs;
• "Renaissance Life" concludes 40% of transactions in the Russian insurance market;
• "Russian standard" offers decent insurance conditions, the insurer concludes more than 12% of transactions in the domestic market;

When choosing a program for accumulative insurance, it is necessary to pay special attention to deaths and accidents.

Particularly noteworthy are programs from Sberbank, which allow you to save a certain amount by the desired date, as well as insure your life and receive decent financial assistance in the event of a first accident. The insurer offers to collect targeted children's capital, maintain and increase the family financial situation thanks to the favorable conditions and benefits of the program. Important is the fact that the amount invested in the insurance program is not subject to collection, taxation or confiscation, and is also not jointly acquired property if the couple decided to divorce. Upon the death of the insured person, relatives will be able to receive financial assistance after a calendar month, in contrast to the registration of an inheritance that stretches for six months.

All details about this program - "Cumulative life insurance": what is it, what conditions are offered, the amount of payments and the duration of the program must be found out before concluding an agreement.

Services for monitoring personal finances are created to help users keep track of income and expenses, remind them of the dates of current payments (utilities, Internet, loans, etc.). At the same time, these applications can be called educational, they allow you to set aside money by a certain date, form and adjust the family budget.

Pay off your debts with Moneywiz 2

This elegant and powerful application will easily bring all your bills, budgets and payments together. It also provides functionality such as internet banking and synchronization between all devices.

Moneywiz will help you get out of the "debt hole" because it will carefully analyze the financial situation of the user and identify the most vulnerable spots. Thus, the client will be able to optimize costs and, gradually paying off debts, completely get rid of them. Also, Moneywiz will notify you in time about the need to pay the bill, distribute the funds in such a way that you will not exceed the limit.

Users rated this application 4.2 points. Paid content can be purchased for 329 rubles.

Finance PM - "money catcher"

The unique and easy-to-use Finance PM service will allow clients to manage their money quickly and wisely. By controlling expenses, you can reduce them, and, accordingly, save up a decent amount of money for a useful and often inaccessible future purchase.

For example, together with Finance PM you will be able to calculate how many TV channels you really watch, and, having estimated the size of the overpayment, you can easily and without much regret switch to a budget package or free Internet TV. Savings - a thousand monthly. And if you stop spending money on coffee in a cafe, because at home the drink turns out to be both tastier and more aromatic, and what is especially nice - many times cheaper, then you will save up to 4 thousand rubles a month.

In addition, using Finance PM, you can manage any number of wallets in different currencies, make changes and customize widgets for frequently performed transactions, and you can import and export data.

25.5 thousand users rated the application at 4.6 points.

Save 400 rubles per month with Dr. Tariff

Brilliant App Dr. Tariff, having studied the statistics of your telephone conversations and Internet traffic, will select the best tariff plan and free additional options. On average, the client will save 400 rubles per month.

Now you can prove that money was illegally debited from your mobile phone account. Cellular operators will no longer be able to connect paid options and services to your number. After all, the Dr. Tariff will immediately detect any changes to your tariff plan, and notify you immediately. By learning how to manage bonuses, the user will be able to successfully save significant amounts. For example, when going abroad, feel free to use the tips of Dr. tariff. So you will not spend extra on roaming and Wi-Fi. Also, using Dr. Tariff, you can automatically top up your mobile phone balance.

34.5 thousand people rated this application at 4.5 points.

Kopikot will return part of the money

Kopikot will give you a share of the money spent on purchases in your favorite online stores. After all, retail chains that you access through Kopikot applications pay services for new customers and a wide reach of the target audience. Kopikot will gladly refund your money so that you can purchase even more quality products at great prices. Also in Kopikot you will always find discounts and free promotional codes from your favorite stores. Experienced users manage to save up to 90% of the cost of goods in this way.

Piggy bank 2.0

The main idea behind this cozy app is planning. You will be able to distribute your income into separate categories, for example, food, clothing, housing and communal services, entertainment, and “spread” them into “virtual wallets”. Each of them has its own limit, which is not recommended to be exceeded. Knowing how much and what you can spend on a daily basis will help you control your spending and strive to cut it down. Gradually, you will learn to set aside savings without particularly limiting yourself in anything, but only by optimizing expenses and reducing them in those segments where it is not even noticeable. It will be very useful and pleasant, say, for a vacation or a holiday, to receive an additional substantial amount.