17 Feb 2023

  • Savings & Investments
  • Families
  • Consumer Advice

Why exposing your child to new experiences is crucial for their development

Your child is your world. Everything revolves around them. You invest your time and money to ensure they lead a successful life. As parents, it’s crucial to give our children a wide range of experiences to help them grow and develop into well-rounded individuals. Here are just a few reasons why it’s important to expose your child to new experiences.

3 mins. read

Encourages curiosity and learning

Exposing children to new things sparks their curiosity and encourages them to learn more. They’re more likely to ask questions and seek out answers, which helps them develop their cognitive skills.

Promotes creativity and imagination

Trying new things can inspire creativity and imagination in children. By experiencing different art forms, cultures, and environments, children are encouraged to think outside the box and come up with new ideas.

Builds confidence and independence

When children are exposed to new experiences, they learn to adapt and problem-solve. This builds their confidence and independence, which is crucial for their future success.

Helps develop social skills

New experiences often involve meeting new people and interacting with others. This can help children develop their social skills, including communication, empathy, and cooperation.

Whether trying a new sport, exploring a different country, or simply visiting a museum or art gallery, exposing your child to a wide range of experiences can help them grow and develop in many ways.

By providing new experiences, children learn to be open-minded, resilient, and adaptable, which are important skills for success in life. It’s never too early to start; even small experiences can make a big difference.

So, allow your child to explore new things and watch them thrive. Encourage them to be curious and adventurous, and help them to develop a love for learning and exploration. It’ll be a gift that they’ll carry with them throughout their lives. 

Unfortunately, these experiences are not free. They cost money. That brings us to saving for your child. To ensure uninterrupted experiences, you must build your savings to fund those experiences.

Savings for the child is a critical goal which means you would have to take an optimal risk (not more, not less). You would have to build a low-cost portfolio with proper asset allocation in stocks and the bond market. Taking a global view makes it better.

Let us introduce you to HAYAH’s fully digital Smart Saver.

Smart Saver is an AI-driven digital savings and investment product, that offers automated diversified savings in global funds managed by top asset managers. It automatically monitors investment returns against your investing profile and financial goals and guides you with regular notifications. It provides unparalleled flexibility and portability.

Click here to start saving for your child with Smart Saver

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