Understanding an APR on a Credit Card?

One particular term relating to credit cards that confuses the mind is the ‘Annual Percentage Rate’ – or as it is better known, the APR. The purpose of this post is to de-mistify the APR.  A credit card comes with an interest rate.  This is the price you pay for borrowing money. When you buy…

Department of Social Security Calculators and Gateway to My Services

The ‘Tools’ section on the ĠEMMA portal has been refreshed. On this page you will now find the following:Calculators Eligibility Calculator for Retirement Pension Children’s Allowance Calculator In Work Benefit Calculator Tapering of Benefits Calculator Unemployment Benefit Calculator Widows Pension Calculator My Services Gateway – This gives you access to the following services: Application monitoring…

Press Release

On the 20th May, ĠEMMA team will be launching its first Part 1 ebook on Scams and Frauds which aims to increase your knowledge and awareness of potential scams and frauds, thus enabling you to take the necessary action to prevent you from being scammed with the possibility of suffering financial loss. Through this easy…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 23

Our behaviour when it comes to retirement planning is conditioned by behavioural heuristics.  In simple terms this means that our decisions are based on rules of thumbs that simplify decisions under conditions of uncertainty. In the pre-COVID world the key rule of thumbs that impacted our decision-making on retirement planning is that retirement is a…

ĠEMMA’s Little Black Book of Scams and Frauds

This first e-book is Part I of a two part series on scams and fraud.  This e-book stemmed from the realisation that knowledge and tips on how to protect yourself against scams and frauds is fragmented – and we realised that we too were creating content on scams and fraud in a non-structured manner.  We…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 22

Is your money safe at your bank during the COVID-19 crisis? The ĠEMMA team recommends that you should prioritise your spending during the COVID-19 period, and in doing so spend only on essentials.  There is a good chance that you are cutting down on certain costs – for example, you should be saving on fuel…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 21

At the end of April the Government announced that the Wage Supplement will be extended to May and June 2020.  Those who will be applying for COVID-19 Wage Supplement in May will be paid for May, and subsequently for June. Those businesses which already applied for the COVID Wage Supplement in March and April do…

Hands protecting money / money growth

ĠEMMA – An Assortment of Financial Information

Our ĠEMMA team has tried for the past 3 years to update its website gemma.gov.mt with the latest ongoing information relating to household money management, budgeting by means of various calculators, retirement schemes, healthy eating as well as applications enabling one to budget according to one’s stage in life focusing always on priortising the needs…

COVID-19 AND YOUR MONEY MANAGEMENT: POST 20

My ĠEMMA Budget Planner To download the guidebook, please click here. Last week, on the 15th of May 2020 we posted the following:  “Budgeting:  A lesson we must take with us from the COVID-19 Experience”  The subject of our post today is once again on the importance of budgeting.  Today we discuss 3 important steps…