Buy now pay later services are offered by retailers and service providers so you can buy a product immediately and delay payment. You then pay off the product in installments over a longer period of time. Buy now pay later services are often advertised as ‘interest-free’ or ‘0% interest’, but the cost will add up…
Most of us will have some memory loss as we age. Significant memory loss, arising from illnesses such as dementia, can, for some people, be a problem. Memory loss can make it difficult to stay in control of your money. Things you found easy before – like checking your bank statements or paying your bills…
You start making relationships the moment you are born. Each relationship differs according to the relation we have with the persons in concern. Adolescence lasts for several years from around 11 years of age up 18 years of age or older. It involves all kinds of changes, to your mind, changes in your emotions and…
The decision to get insurance depends on your circumstances and your stage in life, such as: o Buying a home or renting a home or an apartment. o Starting a business o Buying a new vehicle. Insurance can protect you and your loved ones from financial loss or hardship. Insurance can help cover costs if…
Claiming a pension at state pension age (as per new pensions reform), not at the age of 61 (early-opt-out) and remaining in employment beyond retirement has a lot of positive benefits: to boost your pension to keep fit and active to enjoy a higher quality of life (basically two incomes – a pension and a…
Maltese persons who maintain an ordinary residence in Malta and are employed on a contract of service abroad, not in an EU state and/or with an institution of the EU, WHO, ILO, UN and who do not pay national insurance contributions (NI) in the country of employment have the option to pay a…
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…
…for families with an annual income from a gainful occupation and with children below 23 years of age living within their household. The benefit incentivises more people to work and helps: single parents in employment who earn more than €6,600 and less than €16,500 and married couples with both parents in employment whose collective income…
In our prior posts, we have discussed the assessment of benefit claims, the outcome of which is your pension payment issued on a four-weekly basis. Is the state pension paid monthly? It has been a while, since the 1980s, that pension payments from the Department of Social Security have been paid in advance and every…
In a divorce or separation you will have to divide your finances. The first step in dividing your finances is making sure you know exactly what you own and owe, both as an individual and as a couple. Collect Copies of Important Papers ( (Tab 1) below) Make a List of what You own and…
