-
Detecting and avoiding financial scams
Just like how you protect your belongings from mischievous siblings, it’s essential to guard your money from sneaky scammers. In this post, we’ll show you how to avoid being potentially scammed and keep your hard-earned money safe. 1. Learn to spot red flags First things first, understanding red flags will help you steer clear of…
-
How smart spending can make us eco-friendly superheroes
Are you ready to discover how spending smartly can make a HUGE difference for our beautiful planet? Even as kids and teens, you have the power to create positive change, and it all starts with how you use your money. Let’s embark on an exciting journey to explore eco-friendly spending! 1. Choose Earth-friendly products Every…
-
Personal Finance AI apps… are they useful or harmful?
Since late last year, we have seen a huge influx of interest in AI across many industries. Artificial Intelligence or AI is a clever computer technology that can learn and understand things, just like how you do! It can solve problems, play games, and even talk to people. It uses special algorithms to think and…
-
Nurturing entrepreneurial spirit in children
Fostering entrepreneurial spirit in children has become increasingly important in today’s world. Encouraging innovation, creativity, and a growth mindset can equip children with essential skills for future success. As parents, you play a vital role in shaping your child’s mindset and instilling the entrepreneurial drive within them. This post provides valuable insights and practical tips…
-
Top financial literacy books for young kids, pre-teens, and teens
Instilling financial literacy in children and teenagers is crucial to help them develop a strong foundation for their future financial well-being. One effective way is to introduce and reinforce these concepts through financial literacy books that are engaging, educational, and of course age-appropriate! We will explore some of the top financial literacy books for young…
-
Setting allowances for children: A guide by age groups
Allowances play a crucial role in teaching children about financial responsibility, budgeting, and saving. Determining the right amount of money you should give your child is a challenge for many parents. In this post, we will explore various factors to consider when setting allowances and provide guidance on appropriate amounts for different age groups. Pre-Schoolers…
-
Empowering Parents: Teaching Financial Literacy to Kids
In today’s complex and ever-changing world, financial literacy has become more important. As parents, we have a unique opportunity to equip our children with the knowledge and tools they need to make sound financial decisions and achieve long-term financial success. By teaching financial literacy to our kids from an early age, we can set them…
-
How to prepare and save money for a recession
A potential recession has been on the minds of many economists, policymakers, and just about every adult who has been following the news recently. It seems clear to people that a recession is imminent in the near future. Of course, we can’t exactly predict when a recession will take place but we can prepare for…
-
A few ways to teach young kids about money
Teaching young kids about money is part of preparing them for the world. Concepts need to be broken down into simple lessons and a great way is to teach your child as they grow. So, here’s how you can give your kids a head start and set them up to win with money at any age.…
-
How to alleviate your financial stress
Did you know the average household savings in Saudi Arabia is 1.6%, which is less than the global average of 10% (as of 2018)? Across the world, many families live paycheck-to-paycheck and as a result, their financial situation is always a concern in the back of their minds. Thus, financial stress is a big concern…
-
Basics 101: Needs vs. Wants
Looking at your needs vs wants is a helpful way of figuring out a better way to handle your spending and budget. Understanding the difference between needs and wants will help you manage your budget and prioritize your spending. Needs are essential to living comfortably (for example shelter and food) but wants are often expenses…
-
How to introduce the concept of savings to young kids
Young kids may understand what money is but might not fully understand the value of the dollar or riyal. In a world that is becoming less reliant on physical money and turning to contactless forms of payment, explaining the concept of money may be even more difficult now. Teaching the concept of savings to young…
-
Picking charities to give your Zakat to!
We think it is extremely admirable how the entire Muslim Ummah comes together during the month of Ramadan to aid the vulnerable members of our community. Although giving Zakat is a pillar of Islam, it is still extremely inspiring to see how generous Muslims are across the globe with their Zakat but also Sadaqah. They…
-
Using Ramadan to set good habits and goals
We would like to wish you and your loved ones Ramadan Kareem! May the holy month of Ramadan shower you with the best blessings and bring you eternal joy. As we’ve entered the holy month of Ramadan we thought it would be good to provide a few useful tips to set good habits. Ramadan is…
-
Why should my family care about financial literacy?
Understanding how to budget, save, invest, and maximize your earnings are skills that will always aid you in life. Most of us learn (good and bad) money habits from our parents. How parents treat their hard-earned money is important as kids tend to pick up on everything. Learning the right way to deal with money…
