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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…
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Online tools: Online Stock Market Simulator
The internet offers a lot of resources and tools on a wide range of topics. A great way for you to gain a better understanding of how the stock market operates is to use a…
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What is the dollar-cost average strategy?
One strategy that you can consider or even utilize is that of the dollar-cost average. It is an easy strategy that novices in investing can quickly grasp. This strategy is defintely worth learning about and…
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Investing 101: What is a dividend?
When you begin learning about important topics related to investing, a term you will come across is dividend. We’ll break it down for you. Definition: They are payments a company makes to share profits with…
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Starting to invest: Rules of 3
If you are interested in investing your money but feel like you need to have a lot of money saved up.. this post is for you! Nowadays, you no longer have to save up a…
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What is a Charge Card?
If you reside in Saudi Arabia, chances are you’ve seen banks and financial institutions provide a charge credit card as an option alternative to credit cards. You will see institutes like Alrajhi Bank and American…
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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…
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Let’s learn about Investments!
Hey there, young investor! Have you ever wondered how you can make your money grow? Well… we’ll cover all you need to know about investments! What is an Investment? Good question! An investment is like…
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Protecting your digital banking information
As much of our lives are now online it’s no shock that most financial dealings and transactions are digital too. From e-commerce purchases to personal banking, we are conducting more and more of our transactions…
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What is Compound Interest?
Interest is money you earn on your savings or pay for borrowing. Compound interest is money you earn on both the money you save and the interest you earn on that saving. So every year…
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How to write a check
Within Saudi Arabia, quite a few banking institutes offer their customers a checkbook when they first open their accounts. Here is how you’ll write a check: Writing a check is a great way of keeping…
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An Islamic bank vs. a Conventional bank
The common practices of an Islamic bank and a Conventional bank came into existence along with the foundation of Islam. However, the establishment of formal Islamic finance occurred only in the 20th century. Nowadays, the Islamic…
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Current Account vs. Savings Account
There are two main types of bank accounts: a current (or checking account depending on where you live) and savings accounts. Let’s take a look at current vs. savings accounts! Current Account The current account is…
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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…
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Mada Card vs. Credit Card
One of the most significant differences between a mada card vs. credit card is how payment is handled. With a mada card, funds will withdraw immediately from your bank account when you make a purchase. When…