While saving and budgeting are important habits to teach children when they are young, financial experts say generosity and gratitude are also essential components of financial literacy programmes.
Understanding the importance of giving back can lead to positive affirmations for children, making them feel as though they can make a difference in the world and help others less fortunate.
According to some studies, generosity towards others activates a part of our brain that is similar to feelings of pleasure – and can help us become more empathetic, responsible and kinder as adults.
But how do we teach our children how to give back and help others – and is there a certain age we should begin?
Host Felicity Glover is joined by Soniyaa Punjabi, a life coach and founder of Dubai-based well-being centre Illuminations, who shares her top tips on the best ways parents can teach their children about charity.
Listen to the previous episode on why salaries in the UAE will remain stable in 2021:
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Mohammed bin Zayed Majlis
The biog
Family: Parents and four sisters
Education: Bachelor’s degree in business management and marketing at American University of Sharjah
A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls
Likes reading: autobiographies and fiction
Favourite holiday destination: Italy
Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning
Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes
Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure
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UAE currency: the story behind the money in your pockets
The five pillars of Islam
'Skin'
Dir: Guy Nattiv
Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga
Rating: 3.5/5 stars
UAE currency: the story behind the money in your pockets
