Household finance in Russia and financial innovation

The article considers household finance in Russia and financial innovations. The authors have revealed the concept of household finance, the peculiarities of formation of household resources, the role of household finance in modern economy. The problems hindering the effective management of household finances in Russia, factors of emergence of financial innovations in the sphere of financial households, varieties of innovations are defined. The problems of introduction of financial innovations in the functioning of household finances and directions of their solution are given.