Archive · 5 Jun 2025
UAE Parents Teach Kids Financial Literacy with Eidiya Savings
In the UAE, parents are helping their kids learn about money by opening bank accounts for them.
During Eid, kids receive money called Eidiya.
Instead of spending all the money, parents deposit most of it into a bank account in the child's name.
Some families also give their kids a monthly allowance.
Kids are allowed to spend a small amount, but the rest is saved.
This helps children understand how to save, plan, and spend wisely.
It is a way to combine a fun tradition with learning about money, setting them up for future financial success.
UAE parents are opening bank accounts for children to save their Eidiya.
This practice aims to teach financial responsibility from a young age.
Children often receive up to Dh5,000 annually during Eid.
Families deposit money and allow a small amount for spending to teach financial discipline.
Parents help children track and manage finances to build savings habits.
- Who
- Parents and children in the UAE.
- What
- Parents in the UAE are opening bank accounts for their children to save their Eidiya.
- When
- During Eid celebrations.
- Where
- UAE
- Why
- To teach financial responsibility and encourage saving habits.
- What is Eidiya?
- Money given to children during Eid celebrations
- Goal
- To teach children financial responsibility and saving habits.
- Age of children with accounts
- As young as two years old
- Monthly savings amount
- Around Dh100 for some families
- Amount received during Eid
- Dh300 to Dh400
- How money is managed
- Parents deposit the full amount into the child’s bank account.