Latest news with #moneymanagement
CBC
2 days ago
- Business
- CBC
Your answers: How do you manage your money to get the most out of it?
We asked, you answered Every month, we take a deep dive into a topic that's making headlines in a series called KN Explains. Then, we ask you to Have Your Say by sharing your own experiences and opinions. Here's a selection of thoughtful answers submitted by kids from across Canada. Swipe through to read them all! Have you noticed an increase in the price of your favourite snacks? That's due to something called inflation. Inflation is the general and ongoing increase in the price of goods and services. And if it seems like it's happening all around you, you're not wrong. In June 2022, inflation in Canada rose to the highest level it's been in more than 30 years. According to experts, more recently, inflation has remained steady — between a rate of 2 to 3 per cent. Our question this month was in response to inflation. We asked you: How do you manage your money to get the most out of it? Kids across Canada submitted their answers. We received many thoughtful responses and selected a few to showcase. Check them out here: (The answers have been edited for length and clarity.) In case you missed it, watch KN Explains: Inflation Have more questions? Want to tell us how we're doing? Use the 'send us feedback' link below. ⬇️⬇️⬇️
Khaleej Times
4 days ago
- Business
- Khaleej Times
Fintech revolution: Borderless finance driving inclusion with GTN
The future of fintech is undeniably here, defined by accessibility, personalisation, and seamless integration of financial services into everyday life. As the financial landscape evolves, investing and money management are becoming embedded in our daily transactions, with GTN leading this revolution by helping institutions adapt while driving financial inclusion across the Middle East and North Africa (Mena) region. Financial technology has democratised money management. Investment opportunities once reserved for the wealthy are now available to everyday consumers through intuitive, automated solutions like round-ups, auto-sweeps, dollar-a-day investing, and micro-portfolios. These innovations foster financial habits previously inaccessible to most people, transforming how we build wealth. The brilliance of modern fintech isn't just about access, it's about integration. API-driven architectures allow users to interact with finances naturally and effortlessly. Whether it's automatic micro-portfolio contributions or smart savings tools within banking apps, these services blend seamlessly into existing digital experiences, requiring minimal conscious effort from users. Remarkable shift in Mena In Mena, this transformation is accelerating rapidly. The Mena region has seen a remarkable shift in recent years, moving swiftly to embrace fintech innovation and positioning itself as a serious contender on the global stage, thanks to forward-thinking regulation and a surge in digital engagement. The UAE, Saudi Arabia, and Bahrain have implemented progressive initiatives including regulatory sandboxes and national strategies like Saudi Vision 2030, creating fertile ground for fintech growth and digital banking. As a result, investment opportunities once limited to high-net-worth individuals are becoming widely accessible. This revolution is reshaping the competitive landscape, with financial institutions facing mounting pressure to meet elevated customer expectations. Today's consumers demand experiences characterised by speed, convenience, transparency, and personalisation. Standards set by other digital industries. Banks and brokers throughout Mena are racing to modernise their offerings with platforms that deliver fast, secure, and intuitive financial tools. GTN excels GTN excels in this environment as a fintech leader providing cutting-edge solutions that help both established institutions and emerging startups scale efficiently. Their API-driven platforms and customisable solutions enable seamless integration of advanced trading and investing capabilities without the limitations of legacy systems. This empowers institutions to remain competitive amid rapid market changes. Organisations like ADIB Securities have embraced GTN's technology to create user-friendly trading platforms appealing to millennial and Gen Z investors. These platforms offer personalised experiences and unified access to diverse financial products, from stocks to bonds to commodities all within a cohesive environment. In today's digital transformation era, success comes through collaboration rather than competition between fintechs and traditional institutions. Together, they're building an inclusive, efficient financial ecosystem accessible to all. GTN stands at the forefront of this movement, helping Mena financial institutions unlock new opportunities while ensuring broader financial inclusion. The journey towards borderless finance is underway, with fintech leaders like GTN driving innovation. As technology evolves, the vision remains clear: to make financial services accessible, personalised, and integrated into everyday life, ensuring everyone can build the financial future they deserve.
Khaleej Times
29-05-2025
- Business
- Khaleej Times
The UAE has shown me the power of financial stability, says Chinese expat Sarah Dong
Sarah Dong, managing partner of CEO Clubs UAE, has called Dubai home for nearly 18 years. For the Chinese expatriate, money isn't just a means to an end — it's 'divine', a relationship she likens to a marriage built on 'respect, love, and careful nurturing.' In this candid conversation with wknd., she reflects on the financial journey that shaped her, marked by discipline, evolution, and a deep sense of purpose. If you had to use one word to describe money, what would it be? Fuel: Money is the fuel that drives the economy, achieves dreams, and impacts lives. If you had to write a letter to money, what would you say? Dear Money, thank you for your generosity in helping me complete my education, travel, and fulfil my family and social responsibilities. You are divine, and I respect and use you carefully in both work and daily life. You see your relationship with money as a 'marriage'. How do you think this relationship was formed? Through pursuit, a honeymoon phase, and ongoing maintenance. What lessons about money management did you learn from your mother? I used to lend money and assist people freely, but now I realise it may not always be helpful to finance others without expecting a return. From her, I learned the importance of working hard and setting boundaries. Who do you speak to about money matters, and is it something you consider taboo? I discuss money matters with trusted individuals, and I don't consider it taboo — it's an essential part of life. Who has taught you the most about financial management? Books, social media, and financial experts have been my greatest teachers. What do you think has been the most profound experience you've had so far in relation to money? What has it taught you? Lending money and not getting it back taught me that money is divine and should be respected when used. How has living in the UAE changed your relationship with and perception of money? The UAE is a truly wealthy place where money supports living, business, and expansion. It has shown me the power of financial stability and growth. If you could give your child or your younger self one piece of advice about money now, what would it be and why? Save, manage assets wisely, and ensure money helps you grow more money. This creates a foundation for long-term financial security. What do you value spending money on? Gold, stocks, and property — investments that appreciate over time. Do you long-term plan your finances, and if so, how? Yes, I focus on property investments with an 8–10 per cent return to build wealth over time. What is your long-term goal which is pegged to your finances? Financial freedom is crucial. That's how I can strive to enjoy a balanced life and work on my own terms. How much do you save each month? As a business owner, my savings vary, but I prioritise reinvesting profits into growth opportunities. How much do you plan to have by the time you are 65? Enough to live comfortably, support my family, and continue investing in meaningful ventures. Investing in property early on, which has provided consistent returns and long-term security. Lending money without clear terms or expectations.
CBC
27-05-2025
- Business
- CBC
How do you manage your money to get the most out of it?
You tell us Every month, we take a deep dive into a topic that's been making headlines in a series called KN Explains. We then ask you to Have Your Say by sharing your own experiences and opinions. Fill out the form to submit your answer to this month's question. Then check again next week to see if your thoughts are featured! Is your trip to the convenience store feeling a bit more expensive lately? Wait, chocolate bars cost how much now?! No, you're not just imagining it. Things are getting more expensive. Inflation is the general and ongoing increase in the price of goods and services. We use something called the inflation rate to measure how much those prices change over time. While it's normal for prices to go up, in the last few years since the COVID-19 pandemic, the jump has been much bigger than Canadians are used to. When things cost more money, you might feel more pressure to make every dollar count. So, how do you manage your money to get the most out of it? Are you a spender? A saver? How do you balance the two? Share your thoughts with CBC Kids News. Want to know more before you answer? Click play to learn more about the three main causes of inflation using a chocolate bar. You can read the answers to the last Have Your Say question here: What is something that you learned about MMIWG2S+ on Red Dress Day? Have more questions? Want to tell us how we're doing? Use the 'send us feedback' link below. ⬇️⬇️⬇️
Daily Mail
26-05-2025
- Business
- Daily Mail
My retired husband's blowing our pension and we're going to run out of money: This wife's cry for help is so common says money expert VICKY REYNAL. Her answer will surprise you
Dear Vicky, Ever since my husband and I retired, our arguments about money have escalated. He sees retirement as a time to relax and loosen the money belt that's been fastened so tightly around us as we've navigated family life. He's more than happy to freely spend the money we made in our careers. My sense is that retirement is a time to be even more cautious with our outgoings. We don't know if we have ten, 20, or 30 years ahead of us, or what kind of care we might need in the future. I believe we need to be prudent as a duty to ourselves and our children. Is he being reckless?
