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In today’s economic climate, it’s more important than ever to develop financial intelligence in children. Preparing children for the future requires equipping them with necessary skills and knowledge, such as financial intelligence, budgeting, and investing. Summer programs focused on youth entrepreneurship have become a powerful tool for teaching young people how to navigate financial complexities from an early age.
The courses blend interactive workshops, hands-on exercises, financial education, project leadership skills, and real-world applications to make financial concepts easy for young learners to understand and engage with.
North Batinah governorate has seen a notable increase in such initiatives, with various summer programmes aimed at increasing children’s financial acumen.
The programs target children ages 9-15 and introduce them to the basics of financial management, budgeting and investing.
Activities include setting up a simulated business, role-playing customer interactions, and learning about supply and demand through gaming. Participants also create a simple financial plan and learn about the importance of saving and investing.
Participant Faisal al Busaidi, 12, shared his excitement: “I learned how to manage money and even started saving for my own small business. It was fun and educational, and I could finally make money on my own without my dad’s help!”
Parents also expressed their satisfaction with the projects. Alia Salim, mother of an 11-year-old, said: “This project has given my son a sense of responsibility and understanding of money that I never had when he was his age. It’s a fantastic project. I’m proud of the innovative thinking behind these activities and ideas.”
Ahmed al Hosni, the father of another participant, praised the impact of the program: “My daughter comes home every day excited to share what she has learned. She now talks about starting her own business and managing her own budget, and I can see her confidence growing.”
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Participant Aisha Khalifa, 10, shared her thoughts: “I learned that money is a tool, not a goal in life, and that we should learn how to use this powerful tool to improve our lives and the lives of our families. I also learned how to plan my own career and make money. It’s beautiful.”
These include entrepreneurship courses where children brainstorm business ideas, develop business plans and present their ideas to a panel of judges. This approach not only develops financial skills but also improves critical thinking, creativity, problem solving and public speaking skills.
“We chose an entrepreneurship program and a great coach who could teach the kids how to invest and start a business,” said Fatima Alameeri, head of the Financial Intelligence Program at the General Directorate of Culture, Youth and Sports in North Batinah. “What was really impressive was the level of engagement and excitement among the participants, who quickly responded to the coach’s requests to come up with their own business ideas. By the end of the program, all of them had created their own brands and were selling products to their friends, earning money for the first time with a simple entrepreneurial idea.”
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These summer programs play an important role in developing a generation of financially savvy people who are prepared to face future economic challenges. These programs not only teach children about money management, but also inspire them to think innovatively and act responsibly by combining financial education with real-life entrepreneurial activities. The positive feedback from children and parents highlights the importance of continuing and expanding programs like these to reach more young people in the region.
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