In Malta, Government Bonuses are fixed as indicated below and obligatory, whereby payments are made by the employer (whether public or private) to the employee. The full statutory (government) bonuses and the weekly allowance entitlements are issued as follows: End of June €135.10 covering period January to June End of December €135.10 covering period July…
GEMMA.GOV.MT is an informative website on financial literacy and retirement planning. Its’ aim is to serve as a practical and comprehensive guide to readers, in whichever stage in their life cycle they might be, being teenagers, employees, self-employeds, parents as well as pensioners in their everyday financial planning by the use of simple calculators and…
Admission into a home for the elderly The population continued to climb at a record rate. Age population has been increasing and more elderly might require the service of a care home. There are government homes, as well as homes which are privately owned. There are also beds in private homes purchased by the government…
What is instant gratification? Do you struggle with instant gratification? Why do you suffer from instant gratification? What can be done? What is instant gratification? Instant gratification is the desire to experience pleasure or fulfillment now without any delay. It is the opposite of what we have been taught – that of trying hard to…
Where is your money going Month to Month? Identify where your money is going on a day-to-day basis. Then, the next step is to look where your money is going on a month-to-month basis. Categories weekly basics (like food, groceries, toiletries) insurance (like home, motor, life insurance, car registration.) utilities (Internet and telephony, electricity, water)…
… often passed on by means of a legal document called a will or testament. A will does not take effect until the testator’s death, and it can be cancelled or altered until then. Provisions of a will signed prior date of death state the wishes of the deceased regarding the disposition of his or…
What David Spiteri Gingell says. David Spiteri Gingell, who has been involved in pensions reform since 2004, is responsible for the implementation of the 2017-2019 Retirement and Financial Capability Strategy. Have you missed the first part of the interview conducted by The Malta Independent with David Spiteri Gingell. Click here. What has been the effect…
Set a monthly budget for your expenses. Find a job to learn the value of earning for a living. Separate savings money from spending money. Learn the difference between a debit card and a credit card. Prioritise the things you need to buy over the things you want to buy. Learn price consciousness – how…
Informative articles of value to parents. Teaching your children – 3 to 4 years5 to 6 years7 to 8 years9 to 11 years
In November 2018, the Gemma initiative held a seminar on the findings of a survey on financial literacy in Malta. The survey was based on the OECD / INFE financial education Toolkit. The survey is one of the initiatives co-financed under the ESF 2.69 project on addressing vulnerable people and professionals working with vulnerable people.…
