Introduction. The article deals with the prerequisites for studying the phenomenon of monetary culture of the individual. The author analyzes monetary culture and the role of money from the perspectives of philosophy, sociology, economics and psychology. Aim. To analyze scientific studies on monetary culture as a socio-psychological phenomenon conducted by Ukrainian and foreign scientists. Methods: system analysis, synthesis, and generalization. Results. The analyzed the theoretical prerequisites for studying the phenomenon of monetary culture, its social and psychological nature, as well as the main theories of money. Researchers propose different approaches to social and psychological aspects of money. A relatively new concept of monetary culture is defined as the process and result of the individual's development of knowledge about money, monetary behavior skills, and a holistic reflection of monetary relations. Conclusions. The article analyzes the main theoretical approaches that are the prerequisites for studying monetary culture as a socio-psychological phenomenon.