Expert explains how to teach children saving skills
Savings coach Fahad Al-Malki says children learn 70% of their skills at home and only 30% at school, highlighting the importance of parental guidance.
Key Takeaways
AISavings coach Fahad Al-Malki said that children acquire skills during upbringing, with 70% of these skills learned at home and 30% at school.
Speaking in an interview with Al-Saudiya TV, Al-Malki emphasized the need to distinguish between needs and wants, noting that children do not naturally understand the value of money or how to spend it. He stressed the importance of teaching them how to count money.
Al-Malki explained that children should be taught how to add numbers and, as a result, how to spend money to purchase specific items.
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