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…
Full post can be read here.
On the 20th May, ĠEMMA team will be launching its first Part 1 ebook on Scams and Frauds which aims to increase your knowledge and awareness of potential scams and frauds, thus enabling you to take the necessary action to prevent you from being scammed with the possibility of suffering financial loss. Through this easy…
Our behaviour when it comes to retirement planning is conditioned by behavioural heuristics. In simple terms this means that our decisions are based on rules of thumbs that simplify decisions under conditions of uncertainty. In the pre-COVID world the key rule of thumbs that impacted our decision-making on retirement planning is that retirement is a…
This first e-book is Part I of a two part series on scams and fraud. This e-book stemmed from the realisation that knowledge and tips on how to protect yourself against scams and frauds is fragmented – and we realised that we too were creating content on scams and fraud in a non-structured manner. We…
