COVID-19 AND YOUR MONEY MANAGEMENT: POST 15

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

COVID-19 AND YOUR MONEY MANAGEMENT: POST 14

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…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 13

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…

Launch of New Calculator: The Latte Tracker

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…

A Memorandum of Understanding on the financial capability gamification concept and prototype design

The Ministry for the Family, Children’s Rights and Social Solidarity (MFCS) and the University of Malta signed a Memorandum of Understanding on the financial capability gamification concept and prototype design. Under this Memorandum of Understanding between the Department of Artificial Intelligence within the University of Malta and the ĠEMMA unit within the Ministry, the students…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 12

The COVID-19 may have created money pressures for your and your family.  A reduction or loss of salary is bound to do this.  You may have had a Rainy Day Fund in hand to see you over a money emergency.  You have been trying to keep things normal and you have been dipping into the…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 11

The ĠEMMA Team refers you to its Money Management and COVID-19 post – MORATORIUM ON LOANS AND OTHER CREDIT FACILITIES – click here.  This post relates to the COVID-19 measure that established a moratoria on bank loans and other credit facilities. On 24th April the Central Bank of Malta issued a clarification.  The clarifications are…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 10

You may wish to note that BOV together with the MDB has launched the BOV-MDB COVID Assist scheme (BMCA). The purpose of this scheme is that of assisting large and SME companies that are facing unprecedented disruptions because of COVID-19. The scheme will help employers meet working capital requirements, aiding them with the following costs:…

New Resource: ĠEMMA My Net Worth Calculator

The ĠEMMA team has uploaded a new calculator – the ‘ĠEMMA My Net Worth Calculator’ Net worth is a relatively quick and easy calculation to make, and it’s a valuable way to track your financial progress and see if you’re really getting ahead. So what is net worth and how do you work out your…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 9

How to stay safe from scams during COVID-19 This article is posted by Tom Harman on New Zealand’s Sort-It.  It is being presented on the ĠEMMA portal.  The original article is to be found here:  https://sorted.org.nz/must-reads/how-to-stay-safe-from-scams-during-covid-19/ If there’s one way that scammers are predictable, it’s that they will take advantage of people whenever they can.…