Risk management in the field of personal financial planning as a tool to minimize the consequences of crisis phenomena

This article is devoted to the analysis of risk management in the field of personal financial planning as tools to minimize the consequences of crisis phenomena. According to the authors, in modern conditions, constant control over the receipts and expenditure of funds in the field of personal finances of a household or an individual is becoming increasingly important. It is obvious that the absence of at least minimal elements of personal financial planning can jeopardize the material security of any person, and regardless of the level of his income. The article formulates the principles of increasing the efficiency of personal expenses, as well as the principles of personal financial risk management, and gives specific recommendations for survival in a crisis situation to a household or an individual.