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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 and achieve long-term financial success. By teaching financial literacy to our kids from an early age, we can set them…
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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 the near future. Of course, we can’t exactly predict when a recession will take place but we can prepare for…
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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 simulator. Here are a few online stock market simulator resources that you and your family can use: Wall Street Survivor…
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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 popular investment vehicle that many people consider. What are ETFs? They are investment funds that are traded on stock exchanges,…
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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 its stockholders. Dividends can be paid on a regular basis and is one way for investors to earn a return…
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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 lot of money to begin investing. The amount you need to get is the exact amount you want to invest…
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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 Express offer customers in Saudi Arabia the option to get either a credit card or a charge credit card. So…
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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 in young kids and supporting their financial understanding. Introducing them to concepts as they grow in a positive environment, be…
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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 how you can give your kids a head start and set them up to win with money at any age.…
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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 risk is important in determining the type of investment best suited for you. You should first look into the amount…
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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 planting a seed and watching it grow into a beautiful tree. Instead of planting a seed in the ground, you…
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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 you earn interest, you also earn interest on the interest itself. Compound interest is great when you’re saving. Here is…
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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 track of the money in your current account as banks can provide you with a carbon copy checkbook that copies…
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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 used for daily expenses (i.e. buying lunch, gas money, and medicine from the pharmacy). With the current account, it 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, their financial situation is always a concern in the back of their minds. Thus, financial stress is a big concern…
