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Understanding the psychology of saving: insights for young Saudis
Saving money isn’t just about financial discipline, it’s also influenced by psychological factors that shape our attitudes and behaviors toward money. At FataFeat, we delve into the psychology of saving to help young Saudis develop healthy saving habits that last a lifetime. Why understanding psychology matters Our relationship with money is complex and often influenced…
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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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Financial freedom in 2024: A teen’s guide to setting fiscally responsible New Year’s goals
As we usher in the New Year, it’s the perfect time to reflect on our habits and set goals for personal growth. While many of us focus on resolutions related to health and academics, it’s equally important to consider our financial well-being. Learning to manage money responsibly is a skill that will serve you well…
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The power of patience: Why savings beats financing
In a world that thrives on instant gratification and the latest trends, the temptation to indulge in the buy-now-pay-later (BNPL) culture is stronger than ever. Young adults find themselves grappling with the decision of whether to save up for their desired purchases or succumb to the allure of easy financing options. While the prospect of…
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A guide to planning a budget-friendly trip
We know everyone is itching to go out and explore the world, especially after COVID! Exploring new places, trying exotic cuisines, and making lifelong memories – there’s nothing quite like it. But if you’re a young adult on a budget, the thought of planning a trip might seem daunting. Fret not! With a little bit…
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Mastering your Money: short-term & long-term savings strategies
Saving money might not be the most exciting thing for a teenager, but trust me, it’s one of the smartest moves you can make. Whether you’re looking to buy a new video game, save up for college, or plan for your dream car, having a solid savings strategy can make it all possible. In this…
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Building a strong financial foundation: setting good habits
We know that life is a rollercoaster of excitement and challenges. And, one of the most important challenges that you’ll face as you grow up is managing your finances. Setting good financial habits early on can make all the difference for your future. After all, your future self will thank you for these good financial…
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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…
