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Vol. 13 No. 5 (2026)
International Multidisciplinary Journal for Research & Development

Articles

EFFECTIVE PERSONAL FINANCE

Published 2026-05-04

  • Baxtohunova D. N.

Baxtohunova D. N.
University of Economics and Pedagogy Senior Lecturer of the "Economics" Department

Abstract

This article highlights the importance of personal finance and financial literacy in daily life. From a managerial perspective, the author analyzes employees' concerns regarding retirement and the future, providing strategic recommendations on income management, establishing a "financial safety net," and the proper utilization of banking services. Furthermore, the article examines five common mistakes in the process of saving money—ranging from unjustified frugality to the lack of clear goals—and proposes specific solutions. The article is intended for readers aiming to achieve financial freedom and create sources of passive income.

Keywords

Personal finance, financial literacy, safety net, passive income, bank deposits, credit history.

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References

  1. Law of the Republic of Uzbekistan. "On Banks and Banking Activities" No. ZRU-580. November 5, 2019.
  2. Kiyosaki, R. T. (2019). Rich Dad Poor Dad. Tashkent: "Asaxiy Books".
  3. Clason, G. S. (2018). The Richest Man in Babylon. Tashkent: "Yangi asr avlodi".
  4. Gozibekov, G. Sh. (2010). Issues of Investment Financing. Tashkent: "Moliya".
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  6. Stanley, T. J., & Danko, W. D. (1996). The Millionaire Next Door. New York: Pocket Books.
  7. Central Bank of the Republic of Uzbekistan. "Financial Literacy" electronic educational portal materials (finlit.uz).
  8. UPLIFT.uz — Articles of the financial literacy and personal development platform.

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