Financial Reserves of Households as a Factor in the Sustainable Development of Territories

Abstract

Household finance is a new sub-branch of financial science, so the terminology has not yet been formed. Least developed approaches to understanding the financial reserves of households. The article presents the author’s understanding of the financial reserves of households, proposes their classification into perfect and imperfect reserves, discloses their regulatory, risk, accumulation and investment functions, assesses the possibility of their formation by Russian households in modern economic conditions. The scientific novelty of the study lies in the identification of the specific mixed nature of the financial reserves of the household as part of income and type of expense. The basis for further scientific and practical research of the financial reserves of households has been laid.