ĠEMMA is on SAGĦTAR
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Your attitude to money management is not the same across different stages of your life. Indeed your attitude to money management changes as you grow older and you assume greater life responsibilities. The stages in your life journey when it comes to money management are basically 5. The Table below presents how your attitude and…
This post presents money management Rules of Thumb for teenagers and young adults are to follow. Rules of Thumb are useful short-cuts that nudge people of all ages and in different contexts to make financial decisions. Research overseas shows that most young people welcome tips and Rule of Thumb guidance to help them manage their…
The Poster Competition Award Ceremony took place on the 22nd September at Esplora Interactive Science Centre in Kalkara. Minister for the Family, Children’s Rights and Social Solidarity Michael Falzon praised this initiative and the collaboration of partnerships between ĠEMMA, HSBC Malta Foundation and the Directorate for Learning and Assessment Programmes. He also stressed the importance…
There is no doubt that the beginning of a new scholastic year generate some financial concerns: stationery, books, uniforms, sportswear, apparell, outings et al eat into your family household budget and leads to some money management issues. This becomes more acute if you have not planned and budgeted for this expense during they year and…
ĠEMMA Know, Plan, and Act within the Ministry for the Family, Children’s Rights and Social Solidarity and the HSBC Malta Foundation and are once again collaborating on a financial capability programme directed at primary level children attending Skolasajf this summer. The programme is game and workshop based, titled ‘Fact or Fake’ which focuses on the…
One of ĠEMMA’s strategic thrusts is that of working with the Education Division and other partners to inculcate financial capability among children and teenagers so that they understand better how to manage their money to avoid financial difficulty now and in the future is on. The OECD recognising that the low level of financial literacy…
First and foremost, your very first step towards improving your financial capability is a reflection of your present situation. Questions that will help you think How much effort are you putting in managing your own money? Are you keeping track of what you are spending in a day, week, or month? Do you…
We have been researching games and we came across this brilliant budget game – https://natwest.mymoneysense.com/students/students-8-12/the-budget-game/ If you are a teenager, you will love this NatWest Budget Game. Get yourself playing and you will surely get better with money management. Download our guidebook for free.
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…
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…
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…
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…
When you decide to save money, you have taken the first step towards making a budget. In order to save, you must plan and act wisely by deciding what kind of budget will work best for you This could be done by trying to take into consideration past spending. The most difficult part of budgeting…
Apart from the fact that children grow at a rapid pace, children are maturing more rapidly than than ever before. As a parent you may be at a loss regarding how best to get your teenage son or daughter to value money and to budget money you provide them with or money which comes into…