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…
Research shows that banknotes and coins do not ‘pose a particular risk of infection for the public’. The probability of the risk of getting infected from handling banknotes and coins is smaller than from many other objects used in everyday. To read more go to this article: https://www.bundesbank.de/en/tasks/topics/cash-poses-no-particular-risk-of-infection-for-public-828762
You can apply for the COVID-19 social measures on-line as follows: Person with a Disability Benefit Persons with disability employed in the private sector of Malta, who after 8th March 2020 due to the impact of COVID-19 cannot go to work on medical advice and are not able to work from home, may apply for…
As we are experiencing COVID-19 there is a good possibility that you are working from home, your children are schooling from home – and generally, you are spending more time at home. Also as we have underlined in our posts, given the uncertainties it is very important that you manage your costs. Cost management can…
The ĠEMMA team is pleased to inform you that is has launched a new calculator – The Latte Tracker. The Latte factor was coined by a certain David Bach who brought out the simple idea that the trivial things we spend on every day matters add up to a large sum over the period of…
