The right time to move out of home is different for everyone. Some people leave as soon as they are able, others might wait until they’ve saved enough money to buy their own place. Before you move out, create a budget to help you work out your moving costs and your new living expenses. You…
Remarrying or living with a new partner or spouse often involves adjusting to a different financial relationship. Accommodating changed money roles and personalities may require breaking old patterns and adopting new ones. There are typical issues that arise with any newly married couple such as when to spend versus save, how much debt is too…
Actions and behaviour of Maltese and Gozitan persons are what ultimately shape their financial situation and wellbeing, in both the short and longer-term. Some types of behaviour, such as putting off bill payment, failing to plan future expenditures or choosing financial products without shopping around, may impact negatively on an individual’s financial situation and well-being. …
Buy now pay later services are offered by retailers and service providers so you can buy a product immediately and delay payment. You then pay off the product in installments over a longer period of time. Buy now pay later services are often advertised as ‘interest-free’ or ‘0% interest’, but the cost will add up…
The 2017-2019 Strategy for Retirement and Financial Capability was approved by Government in January 2017 following a 12 month consultation process on the draft strategy. A Retirement and Financial Capability Group within the Office of the Permanent Secretary for the Ministry of the Family, Children’s Rights and Social Solidarity was set up. The Strategy identified…
Actions and behaviour of Maltese and Gozitan persons are what ultimately shape their financial situation and wellbeing, in both the short and longer-term. Some types of behaviour, such as putting off bill payment, failing to plan future expenditures or choosing financial products without shopping around, may impact negatively on an individual’s financial situation and well-being. …
The Retirement and Financial Capability Group carried out a research study based on the OECD survey instrument on financial literacy in Malta. In an event on the 22nd November, we presented these findings, which you can review via the presentations below, which capture the salient points identified in this research. We have also now published…
In 2016, the Money and Mental Health Policy Institute, UK (http://www.moneyandmentalhealth.org) issued a research paper titled ‘Money on Your Mind’. The research paper found that money management and mental health are intricately linked. Mental health problems tend to make it hard for people to manage their finances and that living in financial stress exacerbates mental…
Every day, we make decisions that affect our financial performance. Often we lack the basic financial skills that allow us to understand the financial implications of our decisions. Thus, to alleviate your stress and make sure you do not start the New Year with a tight budget or with a feeling of guilt for having…
