You decided to go overseas to further your studies or to carry out an internship necessary for you to graduate. Do not under estimate the money challenges of studying abroad – particularly if this is the first time you will be living abroad for some extended time. Studying abroad places pressure on you – settling…
Money Management and Economic Recovery The Government on Monday 8th June announced a number of money management measures that you should be aware of. These are: If your business operates in the tourist accommodation, travel agencies, language schools, events organisation, and air transport you will continue to receive the monthly €800 wage supplement per employee…
To be financially healthy it is very important that you keep your debts to a level that you can afford. Life, unfortunately, is not a straight line. There will be moments when your financials are suffering – and you must make sure that when these moments occur you can manage your debts. To…
Money Management and Economic Recovery The Government on Monday 8th June announced a number of money management measures that you should be aware of. These are: If you work in the tourist accommodation, travel agencies, language schools, events organisation, and air transport the monthly €800 wage supplement is retained till the end of September. If…
The ĠEMMA team has uploaded a new calculator – the ‘Savings Calculator’. This Calculator helps you to work out the following: Your total savings including interest earned from the day you start to invest. The period during which you save is set to a maximum of 45 years. The calculator allows you to set the…
ĠEMMA in 2019 launched an EU ESF co-financed financial capability directed towards 14 groups which were identified through consultation when the Retirement and Financial Capability Strategy (2017-2019) strategy was being drafted. Teenagers are identified as a vulnerable group. Teenagers acquire financial capability skills from two sources. First, from education. The new curriculum introduced in 2012…
The ĠEMMA team has revamped its Compound Interest Calculator. The compound interest principle is one of the most important principles in money management. Compound interest and time are your most effective strategy tools to accumulate wealth. Even small deposits to a savings or retirement plan started early and invested over the long term will significantly…
One particular term relating to credit cards that confuses the mind is the ‘Annual Percentage Rate’ – or as it is better known, the APR. The purpose of this post is to de-mistify the APR. A credit card comes with an interest rate. This is the price you pay for borrowing money. When you buy…
The ‘Tools’ section on the ĠEMMA portal has been refreshed. On this page you will now find the following:Calculators Eligibility Calculator for Retirement Pension Children’s Allowance Calculator In Work Benefit Calculator Tapering of Benefits Calculator Unemployment Benefit Calculator Widows Pension Calculator My Services Gateway – This gives you access to the following services: Application monitoring…
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