The following are ĠEMMA tips directed to help you to get your debt under control. 01. Get a clear understanding of what monies you owe. This is the first step – taking stock. Put together a clear picture of your debts as well as (a) the minimum monthly repayment obligations. Include credit cards, loan repayments,…
The ĠEMMA team has uploaded a new calculator – the ‘Inflation Purchasing Power Calculator’. Prices have a way of increasing from year to year, so most of the goods and services that we buy tend to cost more next year than they do now. This is called inflation. Over enough years, even small annual price…
An overdraft is a way of borrowing money from your bank, linked to your current account – basically so you can occasionally spend more than you have. A bank overdraft can be authorised or unauthorised: Authorised overdrafts are arranged in advance. You agree a borrowing limit with your bank, and you can spend money up…
Unless you manage your credit card debt well you are likely to pay far more than you should on the debt your incurred through credit card use. Here are some ĠEMMA tips which we suggest you follow. Often people have more than one debt on several credit cards. If this is your case, pay the…
Cost of living allowance – An overall income increase of €1.75 weekly which is also extended to all pensioners together with a further €3.25 per week to be enjoyed by all pensioners over and above the COLA increase thus totaling €5.00. Elderly, aged 62 and over, who would have reached their state pension age but…
When it comes to money – do you know what your personality is? Do you spend, and let tomorrow worry about itself? Do you worry so much that you save every cent you can so that you are prepared for any future eventuality – whilst losing out on today? ĠEMMA is pleased to make available…
After some solid thought you have decided to invest in a Personal Pension Plan. A number of financial services providers offer Personal Pension Plans. We at ĠEMMA strongly suggest that you shop around before you make a decision. We ask you that, as a minimum, you should take following matters into account: Ask for the…
There are interesting findings in the third survey, commissioned by ĠEMMA, within the Ministry of the Family, Children’s Right and Social Solidarity and undertaken by EMCS for the month of August 2020. The subject covered Household Money management during the COVID 19 pandemic. It seems that two thirds of the population (63%) did not have…
The Handbook is in Maltese and provides guidance and tips in relation to: Importance of budgeting. Avoiding debt. Increase your abilities to increase your earnings. How to seek employment. How to save. Seeking independent living accommodation. Obtaining the EU Disability Card. Use of Assistive Technology. Social benefits you are entitled. Other benefits you are entitled…
Prior to investing your savings into a private retirement pension product or any other savings or investment product, it is important that you think carefully about your unique needs and overall financial situation. This will allow you to determine whether the investment is right for you. The following are matters you should take into account:…
