Buy now, pay later: Goods, money, or services are given to you in exchange for the promise to pay at a future date. No money changes hands but you are billed monthly, because at the end of the day, money drawn would not have been drawn directly from your checking account, until the cost is…
In Malta, Government Bonuses are fixed as indicated below and obligatory, whereby payments are made by the employer (whether public or private) to the employee. The full statutory (government) bonuses and the weekly allowance entitlements are issued as follows: End of June €135.10 covering period January to June End of December €135.10 covering period July…
GEMMA.GOV.MT is an informative website on financial literacy and retirement planning. Its’ aim is to serve as a practical and comprehensive guide to readers, in whichever stage in their life cycle they might be, being teenagers, employees, self-employeds, parents as well as pensioners in their everyday financial planning by the use of simple calculators and…
Admission into a home for the elderly The population continued to climb at a record rate. Age population has been increasing and more elderly might require the service of a care home. There are government homes, as well as homes which are privately owned. There are also beds in private homes purchased by the government…
What David Spiteri Gingell says. David Spiteri Gingell, who has been involved in pensions reform since 2004, is responsible for the implementation of the 2017-2019 Retirement and Financial Capability Strategy. Have you missed the first part of the interview conducted by The Malta Independent with David Spiteri Gingell. Click here. What has been the effect…
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…
In November 2018, the Gemma initiative held a seminar on the findings of a survey on financial literacy in Malta. The survey was based on the OECD / INFE financial education Toolkit. The survey is one of the initiatives co-financed under the ESF 2.69 project on addressing vulnerable people and professionals working with vulnerable people.…
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…
Seems complex , yet so simple. What is a bond? A bond can be thought of as basically a loan agreement. There are different classes of bonds, with differing bond characteristics. Who can issue bonds? Businesses and governments issue certificates of debt, called bonds. It is a certificate showing that the bondholder has lent a…
After trying our profile, click here to read our post related to it so that you will acquire knowledge and be in a better position to take informed decisions relating to your financial matters that fit your personal circumstances.
