Life as always, gets a bit more expensive every day. How do people manage their money? Everyone has their personal relationship with money. Some people have more difficulties than others. Do people manage their money according to their habits? Are they aware of their financial decisions and the impact these have on their lives? How…
Dan huwa t-tieni fuljett tal-Ministeru għall-Politika Soċjali u d-Drittijiet tat-Tfal; FAMILJA AĦJAR. Dan is-suppliment annwali għandu l-għan li joħloq għarfien dwar il-miżuri mħabbra fl-aħħar budget fi tmiem is-sena preċedenti. F’din it-tieni edizzjoni qed ikunu ippreżentati 21 miżura li jolqtu direttament jew indirettament lil familji u/jew individwi Maltin u Għawdxin fis-saffi kollha tas-soċjetà. Nittamaw li ssibu…
Financial capability is made up of several factors. The key elements are: Ability – focused on financial knowledge and skills Connection – our engagement with money and access to financial services and products Mindset – Our values and attitudes towards money These three factors interact to influence a child’s financial behaviour. Research suggests mindset and…
On Monday 17th October, ĠEMMA in collaboration with the Malta Bankers’ Association (MBA), delivered the first session in a series of four to the 60+ audience. These sessions focus on ‘Digitalisation within the Banking Sector’. The main topic of this session was about online banking, and the presentation was delivered by Mr. Scott Lee Holloway…
ĠEMMA Know, Plan, Act within the office of the Permanent Secretary of the Ministry for Social Policy and Children’s Rights and EMCS Academy, within EMCS Ltd, recently delivered a series of training sessions targetting Human Resources Managers, CEOs and Managing Directors introducing the integration of Voluntary Occupational Retirement Pension Schemes (VORPS). The Ministry through ĠEMMA…
It has long been apparent that additional streams of income over and above one’s state retirement pension are needed to maintain one’s quality of life following retirement. Research conducted by ĠEMMA last year showed that 44% of respondents worry about their financial future but only 21% had some type of retirement pension plan. The enabling…
Talk about bills and where money goes. Explain ways to pay including direct debits, monthly bills, etc. Have children help you find the best price by comparing prices in stores. A budget, or money plan, also helps with looking after money. Explain what you spend money on and how you know where money has to…
building block 1 Teaching your children 3 to 4 years : link building block 2 Teaching your children 5 to 6 years : link Teaching your children 7 to 8 years o If your child is starting to get regular pocket money, talk about how they will keep it safe. Will they keep it in a jar…
Through Saving At the Shops Through Adverts Through Saving o Children can start to understand the idea that you have to save money for things. Learning to wait will help them as they grow o Think of something small to save for as a family. Save together in a penny jar or in the bank…
Through play Around the House Before you go shopping At the Shop or Supermarket Click on each tab below for further reading. Through play Children love playing shop. Make it as real as possible, adding price tags to items to show that things cost money. Start showing your children the difference between coins. Explain that…
