Sharing your life with someone you love is probably one of the most exciting feelings one can experience in life. Love means sharing time, experiences, happy moments and not so sunny days together. Should you share everything? No. There are things in life that you shouldn’t share even though you love your partner with…
Social Security has provided financial protection for our people for over 66 years. For over 66 years, the Department of Social Security and relatively recently the Income Support and Compliance Division, have catered for the social rights of the Maltese and other residents of the country. Since Malta’s accession to the EU, they cater also…
Let’s just assume for a second that you are managing your income, budget, and mapping out all your spendings and expenses every month. You’ve got your ‘planned’ expenses such as insurances, memberships, subscriptions, meals etc. covered. If, however, your car suddenly breaks down or your laptop doesn’t switch back on – would you have enough…
Now that you have decided to take the leap and further your studies overseas, it’s time to talk about the money challenges you might face. Our intention is not to add any extra pressure BUT rather to prepare you for these challenges, especially if this is your first time living abroad for a lengthy time.…
One of the biggest challenges when managing your finances is to spend responsibly and spend less. Self-control may be hard to practice but it will help you manage your money so much better. 1. Store Hacks Resist impulse buying. Ask yourself these questions: Do I need it? Do I need it today? Can I get…
You work too hard, you work long hours and still lose money instead of saving up? How come? We live in a culture that has a habit of making you feel guilty if you are not spending half your time at work. Yet have you ever stopped to think, whether working too hard makes you…
“Why can’t I save money?” is probably one of the most asked questions to date. What is holding you back? Let’s break it down, shall we? Reason #1 You do not live on a budget. Without tracking where your money is going, you will end up dry by the end of the month with no…
The difference between needs and wants may seem quite straightforward to adults but to the younger generations, the lines may be blurred. Prioritise your budget and take charge of your money. How do you do that? First things first. Identify where your money is going on a day-to-day basis. Once you start doing that, you…
Finance may be the LAST thing on your mind. That is, until you get your first job and start thinking about buying that car you had your eyes on for a while, and, eventually, getting a place of your own. So, let’s start with some basic Rules of Thumb of money management that, we promise,…
Living within your means is the key to good financial management. This requires a balancing act between your monthly income and monthly expenditure. Adjusting your income may be difficult in the short term when this is driven by your fixed salary. This would be your take home pay, that is, your salary once taxes and…
