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Managing finances with Wally
In today’s fast-paced financial landscape, effective money management is essential for individuals looking to secure their financial futures. Wally, a personal finance app is emerging as a key player in this arena. So, what is Wally? Wally is a financial management application that is designed to empower users to take control of their financial lives.…
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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…
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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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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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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5 essential money management tips every Saudi young adult needs to know
Navigating the world of personal finance can be intimidating, especially for young adults in Saudi Arabia who are just starting their financial journey. However, with the right knowledge and tools, managing money effectively becomes much simpler. In this post, we’ll explore five essential money management tips tailored specifically for Saudi young adults, helping them build…
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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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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…
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How to manage your child’s Ramadan allowance
As we approach the halfway mark for Ramadan, parents often find themselves navigating various aspects of the tradition, from fasting to prayers and charitable giving. However, Ramadan also presents an excellent opportunity to impart essential lessons about financial responsibility to our children. One way to do this is by managing your child’s Ramadan allowance wisely,…
