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What is SAMA?
Hey there, young learners! Have you ever wondered about the magic behind the money in Saudi Arabia? Well, today, we’re going to uncover the secrets of the Saudi Arabian Monetary Authority, or SAMA for short. What is SAMA? SAMA, which stands for the Saudi Arabian Monetary Authority, is like the guardian of all things related…
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Having a tough conversation on budgeting with young kids
Teaching your children about money management is one of the most valuable lessons you can impart. By introducing the concept of budgeting early on, you set your kids on a path toward financial responsibility and independence. However, having a conversation about budgeting with young kids can be challenging, and we understand that. In this guide,…
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Toys to help teach kids about money
Are you looking for creative ways to instill valuable financial lessons in your children while keeping them engaged and entertained? Look no further! Money management is a crucial life skill, and what better way to teach it than through play? Here are some fantastic toys that can help you teach your kids about money in…
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How have we spread out our wealth
In the world, the money that we have in society is not spread out evenly. Some people have a lot of money and some struggle to pay for everyday things because they do not have enough. Our planet has a lot of people – over 7 Billion! To make it easier to understand how much…
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How do I teach my child financial literacy concepts in this economy?
Firstly, we are glad that you are thinking of providing your child with a more robust education that includes the basics of finance. We know that kids begin learning new habits and ways to tackle the world from their parents. We’ve covered different ways in this blog previously on various ways parents can engage their…
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Why should I save?
As a young kid, we get it, is there really a reason why you should save your money? Well, our answer to that question is yes!! Maybe not for reasons that adults do like for a house or emergencies. But you should think about saving the money you get in your allowances, birthdays, and special…
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History lesson: Money
Money is like a special token that people use to trade for things they want. It’s a way to show how much something is worth and makes it easier to exchange items. Just like you might use marbles or stickers to swap with your friends, grown-ups use money to trade for toys, food, and other…
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How giving back can shape your financial perspective
Today we are diving into the topic of charitable acts of giving that can positively impact teens’ financial perspective. As a teenager, you might think that charitable actions are reserved for adults. But, engaging in philanthropy at a young age can be incredibly rewarding. These values are invaluable and influence how you approach personal finances…
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Income vs. expense
In our everyday lives, we deal with money matters. Whether it is earning, spending, or saving. Two essential concepts are income and expenses. Understanding the difference between income and expense is fundamental for your financial well-being. Income Income is the money you earn. You get this money (typically) regularly either weekly, bi-weekly, or monthly depending…
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Nurturing entrepreneurial spirit in children
Fostering entrepreneurial spirit in children has become increasingly important in today’s world. Encouraging innovation, creativity, and a growth mindset can equip children with essential skills for future success. As parents, you play a vital role in shaping your child’s mindset and instilling the entrepreneurial drive within them. This post provides valuable insights and practical tips…
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Top financial literacy books for young kids, pre-teens, and teens
Instilling financial literacy in children and teenagers is crucial to help them develop a strong foundation for their future financial well-being. One effective way is to introduce and reinforce these concepts through financial literacy books that are engaging, educational, and of course age-appropriate! We will explore some of the top financial literacy books for young…
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Building a strong financial future
In today’s fast-paced and ever-evolving world, financial literacy is a crucial skill that every teen should possess. As parents, educators, and mentors, we have a responsibility to equip our young generation with the knowledge and tools to navigate the complex world of personal finance successfully. This is where our app, FataFeat will come in. It…
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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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How to introduce the concept of savings to young kids
Young kids may understand what money is but might not fully understand the value of the dollar or riyal. In a world that is becoming less reliant on physical money and turning to contactless forms of payment, explaining the concept of money may be even more difficult now. Teaching the concept of savings to young…
