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Managing household budgets: a family affair with FataFeat
Managing a household budget is a key aspect of family financial responsibility. At FataFeat, we believe in making budgeting simple and effective for Saudi families. Our app offers practical tools and resources to help you track expenses, save money, and achieve your financial goals together. Why Create a Family Budget? A family budget provides clarity…
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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…
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101: Certificate of Deposits
Let’s dive into a topic that might sound a bit grown-up, but it may just be the right saving option for you: Certificate of Deposits or CD. You might have heard about saving money in a bank, but what exactly is a CD, and how can it benefit you? What’s a Certificate of Deposit (CD)?…
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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…
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Let’s learn about VAT!
Today, we’re going to dive into a world that might sound a bit tricky at first but is actually pretty interesting once you get to know it. We’re going to talk about something called VAT, and it’s something that affects many things around us, even here in Saudi Arabia! So, what is VAT? Well, let’s…
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Let’s talk about allowance!
Hey everyone! Today, let’s talk about something super cool and important for young explorers: allowance! Have you ever heard grown-ups talking about ‘allowance’ and wondered what it means? Well, buckle up because we’re about to dive into this awesome topic together! What is an allowance? Okay, so allowance is like a special amount of money…
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Investing 101: Angel Investing
Embarking on the journey of understanding investments can be both exciting and overwhelming for young teens and adults. As you navigate through the world of finance, one term that might pique your interest is “angel investing.” While it might sound like a term from a fantasy realm, angel investing is a very real and fascinating…
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Understanding tawarruq: a simple guide
In the realm of Islamic finance, the term ‘tawarruq’ holds significance as a financial arrangement designed to meet the principles of Shariah law. For those unfamiliar with Islamic finance, the concept may seem complex, but in simple terms, tawarruq is a structured transaction that enables individuals to access liquidity without violating Islamic prohibitions on riba…
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7 common investment mistakes to avoid!
Investing can be one way to build wealth and secure your financial future, even as a young adult. However, it’s essential to approach it with caution and knowledge. In this post, we’ll discuss seven common investment mistakes to avoid as a young teen to help you make smarter financial decisions and protect your hard-earned money.…
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How do I open a bank account in Saudi Arabia?
Opening a bank account is a fundamental step toward managing your finances effectively, whether you’re an expat living in Saudi Arabia or a citizen. Saudi Arabia has a robust banking system that offers a wide range of services to meet your financial needs. In this guide, we’ll walk you through the process of opening a…
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101: What is life insurance?
Life is full of unexpected twists and turns, and as young adults, it’s easy to get caught up in the present moment. However, it’s important to consider your financial future and take steps to protect it. One crucial aspect of financial planning that often gets overlooked by young adults is life insurance. In this blog…
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Investing 101: What is value investing?
If you’ve heard of Warren Buffett or read any of his advice, what you may not have known is that he is one of the most well-known investors who have utilized value investing as a strategy. What is value investing? Value investing is like shopping for a good deal, but instead of clothes or toys,…
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Why should I save?
As a young kid, we get it, is there really a reason why you should save your money? Well, our answer to that question is yes!! Maybe not for reasons that adults do like for a house or emergencies. But you should think about saving the money you get in your allowances, birthdays, and special…
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Debunking common money management misconceptions
Managing money effectively is a crucial life skill that can significantly impact one’s financial well-being and overall quality of life. What are a few known misunderstandings that a lot of people have about the financial world? Misconception 1. Credit cards means unlimited spending This is not true. Most people have a maximum that they can…
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The importance of an emergency fund
Financial emergencies can crop up at any time, and usually when no one expects it. They tend to put a lot of stress on families in Saudi Arabia. Whether it’s a sudden medical expense, car repair, or job loss, it’s important to have a safety net. To lessen your financial stress, having some kind of…
