Think twice – harnessing the impulse purchase instinct

“Wow…it looks so nice”. “What a great discount”. “I must buy this one”. Such thoughts frequently pass through our mind. These feelings are normal and shared by many. As consumers we find novel products very tempting. The possibility of buying an item less than the original listed price is equally appealing. The pressure to follow…

Managing your credit card Money Matters and the Family – Part 8 – Video 4

This is one of the videos ĠEMMA produced with the Central Bank of Malta in our money matters and the family. Let me introduce the ĠEMMA family.  I am Tony.  I am Maria’s husband.  I work as a manager in a large business in the services industry.  My wife, Maria, is 40 years old and…

The importance of knowing your money personality Money Matters and the Family – Part 7

It is essential to understand your and your spouse’s “money personality,” as we all have a unique way how we think about money — often shaped by how we were raised as a child. And our life experiences can cause us to feel specific patterns when it comes to spending or falls into certain habits.…

ĠEMMA on PRIME TIME

ĠEMMA, the Government initiative within the Ministry for Social Justice and Solidarity, the Family and Children’s Rights and the popular PRIME TIME programme have teamed together to exhibit in a creative style the educational work that ĠEMMA has been implementing on financial capability. These short televised sessions conducted by the renowned Owen Bonnici will be…

Senior banker ‘taken aback’ by financial abuse of the elderly in Malta

The number of cases is significant – HSBC Malta CEO https://timesofmalta.com/articles/view/senior-banker-taken-aback-by-financial-abuse-of-the-elderly-in-malta.888283 Elderly people are facing financial abuse, including by their own family members who help themselves to their savings, deposits and bank cards, a senior banker has warned. Simon Vaughan Johnson, who heads HSBC’s Malta operations, told financial practitioners earlier this month that he had…

Are you born on and after 1962? Do you truly know how the pension system works in your regard?

On 18th June ĠEMMA posted the results of a survey it carried out the knowledge amongst persons who are born on and after 1962 on how the pension system works in their regard.  The general picture is worrying. Most people have an extremely vague idea of how the state pension system works and how it…

Research Analysis on Preparing an ESF co-financed Campaign on Financial Capability and Widows and Widowers

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…