Expert outlines how to teach children saving skills
Savings coach Fahad Al-Malki says children learn 70% of skills at home and 30% at school, stressing the importance of teaching money management early.
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, he added that it is important to distinguish between needs and wants, as children do not yet understand the value of money or how to spend it. He emphasized the need to teach them how to count money.
Al-Malki explained that children should be taught how to add up numbers and then spend money to buy specific items.
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