Good money management requires an ability to plan ahead. Your spending is affordable as long as the stream of future incomes allows you to repay the debt which is incurred. Taking a loan makes sense when one is purchasing an asset whose useful life extends over a number of years. In this manner even the…
Cost of living increase, and in its abbreviated terms, COLA, adjusted yearly according to the yearly budget, is an increase in income to mitigate rising prices and to maintain a specific standard of living. The adjustment to the cost of living comes into effect in January of the following year. A full-time employee is entitled to the full increase,…
As an individual, what is affordable depends exclusively on your own income. First your needs have to be prioritised, and then the remaining income can be shared between spending on wants, maintaining a buffer for unexpected costs, and saving for old age. Additional considerations come into play when two persons form a couple. In this…
Buying a car is exciting but it also brings other financial obligations with it. So before getting behind the wheel, think about other associated costs. Where to start? 1. Choose the right car for you Find a car that matches both your budget and driving habits. You may be able to find a used car…
Awards presentation for the three winners for the ĠEMMA Money Monsters Challenge The ĠEMMA Money Monsters challenge captured the creativity of a large number of participants aged between 6 and 11 years old from various state, church and private schools. Money Monsters is an online educational game that teaches children how to make healthy money…
download for free We have created a downloadable 2022 calendar showing the contributory benefits pay dates. How are State Pension payments made? Pension payments from the Department of Social Security are paid in advance, every four weeks. This totals to thirteen payments per year, for the rest of a person’s life. What do pension payments…
The list of monthly expenses goes beyond the costs related to buying a home. Here’s a list of essential expenses to include in your monthly budget: Home Loan Repayments Most likely, this will be your biggest ongoing expense. Have a chat with your bank representative to go over a fixed monthly payment schedule that works…
All those who own and love pets know that their care comes at a cost. They may be our furry babies and though they don’t cost as much as the human variety bills can quickly mount up, and over the years they may cost quite a large amount of money. If you have more than…
Awards presentation to two winners for the ĠEMMA Ftit Interactive Play Competition The ĠEMMA Ftit Interactive Play Competition captured the attention of a good number of participants aged between 9 and 13 years old from various state and private schools. The aim of this competition organised by ĠEMMA within the Office of the Permanent Secretary,…
Ben Camille discusses the importance of teaching your children money management Research shows that kids grasp money concepts and have many of their money habits set at a very early age. Research by behaviour experts David Whitebread and Sue Bingham of the University of Cambridge found that our approach to money, such as planning and…
