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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…
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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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Investing 101: What are ETFs?
When you are looking into investing, you’ll come across the term ‘ETFs’. So what is it and who should consider investing in Exchange Traded Funds (ETF) as an investment option? Exchange Traded Funds are a…
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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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Study shows what ages young children learn financial literacy concepts
As we grow, we observe everything around us and learn important values through imitation – this is no exception for young children as they grow and learn financial literacy concepts. Encouraging positive habits of self-regulation…
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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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Investing 101: What is risk tolerance?
If you are thinking of investing, then we would definitely suggest that you take a look at your specific risk tolerance. No form of investment comes without any risk. How much you are willing to…
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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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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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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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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,…
