More than 2.7 million participants joined the FinHealthy Lifestyle Fest-2023 marathon, an initiative organized by the Ministry of Finance of the Russian Federation. The event ran on the Myfinance.rf portal and across social networks from November 7 to November 10. The ministry’s press service shared this update with socialbites.ca.
Across four days, participants consumed video guidance from well-known financial experts and influencers, tackled practical problems and puzzles, and explored educational resources designed to boost financial literacy. The marathon has consistently been the flagship activity of Russia’s annual Financial Literacy Weeks, drawing broad public engagement and media coverage.
Deputy Finance Minister Pavel Kadochnikov explained that the festival aims to demonstrate how financial knowledge can be applied in everyday life to benefit individuals and their families. The goal is to help people achieve financial and emotional equilibrium, to understand how to leverage contemporary financial tools, and to manage personal budgets more effectively.
The central message of FinnHealthy Lifestyle Fest 2023 emphasized turning knowledge into practice rather than letting it sit in theory. This year, the focus was on translating understanding into real-world choices that shape financial stability and long-term well-being.
As part of the discussions, officials noted that while many people recognize the importance of evaluating debt before taking out loans, there remains a growing trend of borrowers taking on three or more loans. Mikhail Sergeichik, head of the Myfinance.rf project under the Ministry of Finance, highlighted a civic role in ensuring access to clear information and guidance that helps citizens chart a comfortable financial path toward their objectives. [Attribution: Ministry of Finance, Russian Federation]
Each day of the marathon was built around a distinct theme. Viewers first explored the psychology of money, then learned how to design and adhere to practical financial plans. The final two days covered the basics of investing and strategies to recognize and avoid common financial scams. This structure was designed to empower participants with actionable insights that translate into everyday money management decisions. [Attribution: Ministry of Finance, Russian Federation]
The festival’s momentum continues with planned conferences across Russia. The primary focus will be addressing myths surrounding financial literacy, with events scheduled through the end of November. Details about dates, times, and venues are posted on the MyFinance.rf portal for those seeking to participate or observe. [Attribution: Ministry of Finance, Russian Federation]
Earlier efforts to promote financial well-being align with the broader life goals of many Russians who aspire to build happy families. The festival’s outreach underscores a commitment to practical education that supports responsible money habits in daily life. [Attribution: Ministry of Finance, Russian Federation]