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…
Is your money safe at your bank during the COVID-19 crisis? The ĠEMMA team recommends that you should prioritise your spending during the COVID-19 period, and in doing so spend only on essentials. There is a good chance that you are cutting down on certain costs – for example, you should be saving on fuel…
At the end of April the Government announced that the Wage Supplement will be extended to May and June 2020. Those who will be applying for COVID-19 Wage Supplement in May will be paid for May, and subsequently for June. Those businesses which already applied for the COVID Wage Supplement in March and April do…
Our ĠEMMA team has tried for the past 3 years to update its website gemma.gov.mt with the latest ongoing information relating to household money management, budgeting by means of various calculators, retirement schemes, healthy eating as well as applications enabling one to budget according to one’s stage in life focusing always on priortising the needs…
My ĠEMMA Budget Planner To download the guidebook, please click here. Last week, on the 15th of May 2020 we posted the following: “Budgeting: A lesson we must take with us from the COVID-19 Experience” The subject of our post today is once again on the importance of budgeting. Today we discuss 3 important steps…
To download the guidebook, please click here. One important lesson that we must take with us from the COVID-19 crisis is how important it is for us to budget. What is a budget? A budget is a written plan that helps you know how much money you have coming in and what you need to…
With the stock markets the world over plummeting it is natural if you are panicing. You are thinking whether you liquidate and exit now to save something of your investments, or you let your investments ride the COVID-19 with with the possibility of losing everything. The ĠEMMA team suggests that you follow these two steps…
The Central Bank of Malta recently published an interesting survey setting out the payment habits of the Maltese population. You can download the survey by clicking here. The survey findings are thought provoking: Since 2018 the use of mobile banking increased marginally. Major increase in payment channels between 2013 and 2018 is the use of…
Assistance in Payment of Rents The Government announced that persons negatively affected by COVID-19 can receive benefits that cover up to 80% of the rent. The persons who are eligible for this benefit are: Persons who lost their employment and hence are not receiving any wage Persons who are temporarily suspended on unpaid leave Self…
The Government announced that it has reached agreement with all commercial banks to limit the interest rate on working capital loans to 3.5%. The banks involved are Bank of Valletta, HSBC, APS Bank, MeDirect, BNF, Lombard Bank, Izola Bank and FCM Bank Moreover, the Government will cover the first 2.5% of the interest rate for…
