A Note To Readers

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…

Compilation of Pension whilst in Homes – Hospital

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…

Needs and Wants

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)…

Inheriting money

… 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…

TEENS

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…

First National Financial Literacy Quiz Held

14 May 2019 First National Financial Literacy Quiz Held Conceptualised by the Department of Accounting and Business Studies within the Directorate for Learning and Assessment Programmes (DLAP) at the Ministry for Education and Employment (MEDE) and supported by HSBC Malta Foundation as part of its Future Skills programme, the 1st edition of a national financial…