"World of Finance" is an interactive educational online project that will simply and accessibly tell you about the basics of financial literacy in everyday life.
You will learn how to properly plan your expenses and effectively preserve your savings with a nice gift received in the end.
The platform was developed by Visa - a world leader in digital payments, with the support of the Central Bank of Uzbekistan.
Start your journey through the world of finance right now!
Carefully complete the entire route and receive a diploma, as well as the opportunity to
receive a promo code for
100,000 UZS
in the Uzum Market app!
basic concepts, bank
cards, loans and deposits.
here you will learn to spend
your funds in a profitable way.
here you will learn how to
save and invest correctly.
here you will learn how to start
your own business and not fail.
BANK
Thanks to commercial banks, the country's economy grows - they provide it with the necessary finances, distributing the savings of the population and businesses. This intermediation fuels the economy.
put money on deposit and receive interest;
pay bills and make transfers;
get a loan to buy anything;
get a bank card for non-cash payments.
Card
With its help you can pay for goods and services, keep your savings, transfer money from card to card and withdraw cash from an ATM.
24/7 access to your account;
practicality;
safety;
cashback.
Linked to a bank account, used for crediting salaries, pensions, social payments, etc.
Used by employees to make purchases and pay bills on behalf of the company.
Сard for payment of goods and services using bank’s funds.
Cards with the national payment system Uzcard, Numo for transactions within the country and international - Visa, Mastercard and others, which operate worldwide.
How and where to get a card
At the bank branch.
In the bank's mobile application.
Through special forms on the bank’s website.
Via Telegram bot.
Great start, you're doing great!
.svg)
Online banking
Online banking
Hooray! Now you know how to get a bank card. Now we will tell you about mobile banking - a modern way of using banking services.
track the status of your bank card accounts;
transfer money from card to card;
pay for utilities, mobile communications, Internet, television without commission;
make international payments and convert one currency into another;
receive and repay loans, replenish deposits;
pay fines;
block and unblock a bank card;
receive interest on deposits to a bank card.
Come to a bank branch with identification documents (passport, identification card, etc.) and fill out the necessary documents.
Download the bank's application to your phone from Google Play or App Store.
How to protect money on the card?
Fraudsters are constantly looking for new ways to get your money. But there are many ways and technologies to avoid falling into the trap of online criminals.
Do not share your passwords and codes with anyone.
Double-check the information.
Connect SMS notifications to your card.
Choose secure websites*.
Insurance
You already know how to protect your money from fraudsters. Let's figure out how to insure yourself and your savings from unforeseen situations.
Insurance is the financial protection of property, health, life, business and other areas that have value and risks.
Vehicle insurance;
Health insurance;
Cargo insurance;
Mortgage insurance;
Property insurance and others.
Financial goals
In Startland you got the basic knowledge about finances, and now we will teach you the art of spending money wisely.
But in order to have something to spend, you need to be able to set the right financial goals and skillfully plan your expenses and income.
realistic in terms of amount and time frame;
specific;
valuable and truly important.
For example, you plan to start paying for 4 years of university tuition by 2025. To do this, you need to calculate the cost, available resources, and the amount that needs to be put aside monthly.
Family budget
Financial goals are set! Let's learn to track and analyze not only your expenses, but also the expenses of all family members.
What is a family budget? It is a general plan of income, expenses and savings, which shows the capabilities of all family members in a certain period of time.
According to statistics, people who do not keep track of their expenses and income often spend more than they earn.
You will have a ready-made financial plan and will be able to control the achievement of your goals.
Over time you will learn to strictly follow the plan and not exceed expenses.
Online payments
Well, financial goals have been set family budget is under control! Let's figure out how to spend money online wisely and safely.
Online payments are cashless purchases made online or via a mobile app. All you need is to have money on your card or bank account.
In just a few clicks you can order a new backpack, sign up for a haircut, top up your mobile phone or pay taxes and fines.
You choose what you need by yourself. For example to buy plane tickets at a good price and for a convenient time. And the tickets are sent to you by e-mail.
You don't need to waste time going to the store or to the bank or post office to pay your utility bills.
Loans
Now you know what online payments are and why they are cool. But what to do if you don’t have enough money to buy a product or pay for a service?
A bank with lending services comes to save you.
for a specific period;
based on a loan repayment schedule;
for a specific purpose;
depending on your ability to cover loan payments.
on bail;
for the purchase of the equipment, renovation, health needs;
to support entrepreneurial activity;
for the purchase of housing;
to improve the socio-economic situation of the country.
microloan of small amounts for a short period;
Microloan
If there are a couple of days left until payday, and you don’t want to take out a loan, you can easily and quickly get money by taking out a microloan.
Microloans are loans for small amounts that banks and microloan organizations issue only to individuals for a short period and for any purpose.
The size of the microloan is calculated individually, based on income, credit history, etc.
Interest is charged only on funds that were actually used
The amount cannot exceed 50 million UZS
Issued in national currency in cash or on a card.
Select a bank or microloan organization.
Provide an application, documents proving your identity, and information about your activities and income.
Don't stop, because there are 2 more interesting countries ahead.
Saveland
How to save money and live for your own pleasure?
We've learned how to spend, now let's learn how to save! In Saveland you'll learn not only how to save, but also how to live for your own pleasure, while maintaining a budget.
Write down all your daily income and expenses
This way you will understand what exactly you are spending on.
Make shopping lists and stick to them
This will prevent you from making impulsive and unnecessary purchases.
Plan your vacation in advance
This way you will be able to purchase a tour at a better price and buy tickets with a good discount.
Minimize utility costs
Use energy-saving lamps; turn off the lights, water, gas when you are not using them; install meters to avoid overpaying.
Think about your daily nutrition
If you have enough time, try to cook at home so you are not wasting money on snacks and fast food.
Buy clothes through online stores
This will save you money, since store owners put a big markup due to the rent of the premises.
Financial reserve
What is a financial reserve and why do you need it?
A financial reserve is also called a financial safety cushion. It is needed to protect your budget and is formed in the amount of 6-12 months of expenses.
Having a financial reserve will allow you to continue your normal life in an unforeseen situation.
Pros - easy access, cons - lack of security, so it's better to think about buying a strongbox.
A profitable storage option: you don’t need to go to the bank with cash, and you can withdraw funds at any time through the bank’s application.
This is your personal safe deposit box at the bank where you pay to keep your money. To replenish the box, you need to come to the branch.
Part of the reserve funds is kept at home and another part is in an online deposit. In case of unforeseen situations, your financial safety cushion will be in cash and non-cash form.
Deposits (investments)
You can access your money at any time.
Issued for a specific period of time - 3, 6, 9 months, a year and more. The funds are returned after the expiration of the term with interest.
These are needed to save money for a specific purpose - tuition fees, buying a car, an apartment. They are placed in the bank for a specific period, and they can be replenished.
How to open a deposit profitably?
And now you already know everything about how to open a deposit in a bank and not lose out.
Compare deposits of all commercial banks
On the bank’s website you can find out about interest rates, terms and conditions of deposits in all banks.
Decide in what currency you will place your money
Banks accept deposits in both national and foreign currencies.
Choose a convenient way to invest money
In cash, non-cash - using a bank card, or through a mobile application.
Take identification documents with you
Passport, identification card, new-style driver's license or military ID.
Read the contract and other documents carefully
Before signing anything, read the contents carefully.
Financial Planning programs
To easily control, track and save money, there are convenient applications for planning both family and personal budgets.
Debit & Credit – financial accounting.
MoneyWiz – personal finances.
Home accounting Lite.
CoinKeeper – - the first step to wealth.
If you are new to financial control, try keeping a family budget in a simple Excel spreadsheet which already has ready-made templates.
Go to the menu "File" → "Create".
Click "Create".
Select a ready-made template: typical family budget, family budget, simple expense budget, personal budget, etc.
Keep track of your budget.
On the financial literacy website you can find and download a file with a ready-made template for managing a family budget.
There is still 1 country left.
Businessland
Where to start a business?
Starting a business is a dream for many people. But dreams and a strong desire are not enough. You need to clearly know the steps of opening, financing, managing and marketing a company to understand whether you are ready to become a business owner and whether your idea can be successful.
Action-oriented approach
Financial knowledge
Product-market accordance
Building workflows will help you optimize business activity, save time and avoid errors.
Teamwork is the key to success, so you need to hire competent employees who share your company values.
Target advertising
A well-developed business plan
Customer loyalty
Business plan
Any business starts with a well-developed business plan. It will help you calculate in detail the implementation of your idea and will be useful to you personally, your business partners, and potential investors or creditors.
a detailed description of the product/service;
a market analysis with a description of all competitor groups and characteristics of potential buyers.
how much money will be needed to launch the project;
when the project will become self-sufficient;
how long it will take to return invested funds;
what profit can be expected.
To create a business plan, you can use
a ready-made template
from the
Practical Business Skills platform by Visa.
Investment raising
Any business needs money. Let's figure out how to effectively attract investments.
Evaluate your capital
It is worth starting a business if you have at least a small amount of your own capital. This way you will be able to maintain your business in the starting months of development.
Seek government support
If your business is important to people in the region or even the entire country, the government can help with subsidies, guarantees, sureties, preferential financing and compensation.
Attract investors
Private investors provide start-ups with funds at times. If you have a unique idea or startup, you can consider various programs and competitions.
Business registration
Business registration is an important and necessary step. You can register it as a self-employed person, an individual entrepreneur (IE) or a legal entity.
A self-employed individual is suitable for those who are engaged in private tutoring or small crafts, translation services, work in social networks etc.
An individual entrepreneur is suitable for those who have a small business, for example a small store or production facility.
A legal entity is a company that you can open yourself or with partners. It is suitable for those who are planning a business with large turnovers, and for those who will transfer large amounts by bank transfer.
Bank is your assistant
You can’t go an entrepreneur’s way without the help of a bank. Here’s a step-by-step guide on where to start.
Select a bank.
Open a current account.
Install internet/mobile banking.
Open a corporate card.
Get a checkbook.
Apply for salary bank cards.
Taxation
— income tax by filing a fixed tax or declaration;
— payment of turnover tax (4% of each income) or value added tax and income tax on a voluntary basis;
— VAT 15% and income tax.
Business Promotion
No matter how good your product or service is, if potential customers don't know about it, your business will not be successful.
Luckily, there are many ways to attract customers even on a limited budget.
Advertise your business on the Internet
Create a simple and clear website, fill it with all the necessary information and a showcase of goods or services.
Use social networks
This is a budget-friendly and yet effective way to communicate with your consumer.
Make offers
Special offers, promotions, discounts and bonuses are another way to increase sales and establish connections with customers.
Business digitalization
Selling products or services online is a great idea for growing your business, attracting new customers and retaining existing ones.
Start selling your products or services online: through a website, a trading platform, or both.
Set up digital payments to get paid using credit and debit cards, mobile wallets, QR codes and contactless payments.
Accessible Business
Your customers will be able to buy products and services from you without physically visiting your store or salon, making your business accessible to a much wider audience.
More convenient shopping experience for your customers
Customers can easily preview your products online before making purchases in person.
Lower Costs
Selling online can reduce your costs because you no longer have to pay rent for retail space.
Set aside at least 10-15% of each income.
Set a goal for which you decided to start saving, and remind yourself of it when you are about to buy an unnecessary item.
Plan your expenses — determine the amount you need to spend for the month and calculate your daily expenses.
Minimum threshold for opening.
Financial safety cushion.
Remote control methods.
Passive income.
Liquidity.
Ability to manage money.
Understanding the strengths and weaknesses of the idea.
Decisiveness.
Readiness for failures.
Creativity.
Ability to hire effective people.
Through the mobile application of the State Tax Committee
For self-employed individuals/entrepreneurs (individuals).
By personal application to the regional center of State Services (“Yedinoe Okno” Center) or on the Internet portal (fo.birdarcha.uz)
For individuals - sole entrepreneurs without forming legal entities, for legal entities - private enterprise, family business, limited liability company.
You've won a new
Instructions on how to receive money are in the Telegram channel.
You can't be fooled. Keep it up!
