ĠEMMA publishes the Research Analysis on the Preparation of an ESF co-financed Campaign on Financial Capability and Widows and Widowers. The Research Analysis report identifies the following key points: The expenses of most participants related to household maintenance and healthcare. Only a very small minority mentioned travelling for leisure. The financial assets and resources for…
ĠEMMA publishes the Research Analysis on the ESF co-financed Campaign on Financial Capability and Tertiary Education Students. The Research Analysis report identifies the following key points: There is a general consensus that life goals and lifestyle played an important role in defining financial capability. There is a unanimous consensus that a monthly income is an…
Today’s post continues ĠEMMA’s discussion on a rainy day fund. How do you get started to build a rainy day fund? We suggest that you start putting a small amount of money each month – depending on what you earn kick off with something like €25 to €50 a month. We recommend that you set…
If you have followed our ĠEMMA posts as well as webinars on the Pulse Money Management survey you will find that we speak of a rainy day fund. Before proceeding further, there are some who differentiate between an ‘emergency’ fund and a ‘rainy day fund’. The different between the two is that an emergency fund…
Being self-employed definitely has its advantages – for one, you are your own boss. Yes you are also likely to face money management challenges. Here are some practical tips you may wish to consider: Start saving early and get into the habit of saving consistently over time. As a self-employed there will be times where…
This Strategic Review document, 2020, is the third strategic review to be submitted to the House of Representatives, following the inclusion of Article 64B in the Social Security Act which establishes that the “Minister shall within intervals not exceeding the period of five years lay on the Table of the House a report reviewing the…
Are you self-employed? Do you know what makes a self-employed person financially capable? A study titled ‘Financial education for entrepreneurs’ (ACCA – 2014) concludes that a self-employed business owner to be financially capable must be able to: Distinguish between personal and business finances. Be a competent buyer of financial services – understanding financial products, their…
ĠEMMA alerts persons to a phishing scam alert issued by the Central Bank of Malta. This phishing scam is aimed at getting confidential bank account information. Messages purporting to be sent by the Central Bank of Malta direct the recipient to a phishing site. This approach is a scam – as the Central Bank of…
Earlier this month the Government issued a legal notice setting out the following: An application for a Moratorium can be made until 31st March 2021 The duration of the moratorium is for up to 9 months. Please click here. The Central Bank of Malta has prepared a FAQ which can be downloaded by clicking here. The FAQ…
