-
Understanding the psychology of saving: insights for young Saudis
Saving money isn’t just about financial discipline, it’s also influenced by psychological factors that shape our attitudes and behaviors toward money. At FataFeat, we delve into the psychology of saving to help young Saudis develop healthy saving habits that last a lifetime. Why understanding psychology matters Our relationship with money is complex and often influenced…
-
Celebrating Saudi National Day: We Dream and Achieve with financial literacy
As Saudi Arabia proudly celebrates its 94th National Day under the inspiring theme “We Dream and Achieve”, it’s a perfect time to reflect on our collective aspirations and the strides we’re making towards a prosperous future. This year, the celebration is not only about honoring our rich history but also aligning with the Kingdom’s Vision…
-
Online resources part 2
We love sharing resources that will help you gain more insight into money management. The best way to learn of course is through doing, and what better way to learn by practicing! Here are a few more online resources you can use to learn more! Spent Spent shows how difficult it is to stretch $1,000…
-
Saudi Arabia’s new financial literacy initiative
Suppose you’ve been keeping an eye on financial news in Saudi Arabia. In that case, you might have heard some exciting updates about a new initiative designed to boost financial literacy and money management skills. We think that this is a big deal and a great idea that will encourage participants to learn an important…
-
Empowering young savers: setting and achieving financial goals with FataFeat
In today’s digital age, teaching kids about money goes beyond a money jar. At FataFeat, we understand the importance of instilling lifelong financial habits early on. One of the key features that sets us apart is our focus on helping children set and achieve financial goals. Why set financial goals? Setting goals is crucial for…
-
Teaching kids smart money management with FataFeat
We believe that financial literacy is more important than ever in today’s world. At FataFeat, we’re committed to equipping young Saudis with the knowledge and skills they need to make smart financial decisions and avoid common pitfalls. From overspending to money management, our app empowers young Saudis to navigate the complexities of money management with…
-
The future of financial literacy in Saudi Arabia
Have you ever thought about how important it is to understand money from a young age? In Saudi Arabia, just like everywhere else, financial literacy is becoming super important. With all the changes happening in technology and the economy, knowing how to manage your money is a skill you’ll need for life. Let’s dive into…
-
What is the Smart Investor program?
The Saudi Capital Market Authority (also called the CMA) launched the Smart Investor program more than 10 years ago. They recognized that it was important to encourage young kids aged 9 to 14 to learn about money management skills. Promoting a culture of smart finances and financial choices is a big part of the Kingdom’s…
-
Setting financial goals this Muharram
As Muharram kicks off the Islamic New Year, it’s not just about new beginnings spiritually — it’s also a great time to think about your money and set some goals for the year ahead. Whether it’s saving up for something special or being smart with your cash, setting financial goals now can really help you…
-
Safeguarding your money: how Mastercard and Visa are using AI to protect your purchases
Have you ever wondered how your credit or mada card stays safe when you buy stuff online or swipe it at a store? Well, two big companies, Mastercard and Visa, have some super cool tricks up their sleeves to keep your money secure! Imagine this: you’re buying your favorite game online or treating yourself to…
-
Understanding jam’iya or social savings clubs
The Kingdom of Saudi Arabia conducted a study in 2018 that looked into consumers’ money habits. One of the interesting data showed how consumers mainly rely on banking institutes to save money, but the next most popular option is through a social savings club! If you’re looking for an effective way to save money, we’ve…
-
101: Understanding time deposits
Are you looking to manage your money wisely? Maybe you’ve heard the term “time deposits” in your bank’s offerings but aren’t quite sure what it means or how it can benefit you. Well, you’re in the right place! In this blog post, we’ll break down the concept of time deposits and why they can be…
-
What is an economic bubble?
Today we’re going to explore something really fascinating and a bit tricky: economic bubbles. Don’t worry if it sounds a bit complex at first, we’ll break it down in a way that’s easy to understand. Imagine you’re playing with bubbles outside on a sunny day. You dip your wand into the soapy water solution and…
-
10 smart financial tips for the last 10 days of Ramadan
As Ramadan draws to a close, it’s essential to ensure that your financial practices align with your values and goals, especially as a young Saudi navigating the path to financial empowerment. Here are ten smart financial tips to help you make the most of the final days of Ramadan: 1. Review your spending Take a…
-
Financial wisdom: learning from the teachings of Prophet Muhmmad (PBUH)
Prophet Muhammad (PBUH) was not only a spiritual leader but also a wise and astute guide in matters of everyday life, including finances. His teachings offer invaluable insights into money management, financial ethics, and responsible stewardship. Today, we will delve into the financial lessons derived from the teachings of Prophet Muhammad (PBUH) and explore how…
