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…
We are living in an increasingly mobile world, with Wi-Fi available almost anywhere, anytime, and more recently always on Internet. It is no surprise that just every bank in Malta now offers mobile banking capabilities. In 2018, ĠEMMA carried out the OECD / INFE national survey on financial literacy in Malta. The Table below shows…
Do you stop and wonder how retirement will look like? Do you sufficiently understand how the state pension works so that you can make informed decisions of the income this will provide you? What quality of life do you wish to lead once retired? Have you started planning for this? Are you considering enrolling in…
ĠEMMA’s Video Series on Budgeting – Tipprepara għat-tieġ This is the seventh video we produced with the Central Bank of Malta in our budgeting series. My niece, Kylie is getting married five months or so. All I have been hearing from Maria, my wife, and Angele, my daughter, is my niece’s wedding preparations. Pa –…
ĠEMMA publishes the Research Analysis on the ESF co-financed Campaign on Financial Capability and Tertiary Education Students. The Research Analysis report identifies the following key points: There is a general consensus that life goals and lifestyle played an important role in defining financial capability. There is a unanimous consensus that a monthly income is an…
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…
ĠEMMA is running a financial capability education campaign that is co-financed under the European Social Fund. The campaign is directed towards 14 different categories of persons. As part of its, campaign ĠEMMA has launched the following Handbook titled ‘Kief tieħu ħsieb flusek jekk id-dħul tal-famila huwa baxx’ directed towards persons in low employment income. The…
You decided to go overseas to further your studies or to carry out an internship necessary for you to graduate. Do not under estimate the money challenges of studying abroad – particularly if this is the first time you will be living abroad for some extended time. Studying abroad places pressure on you – settling…
The ĠEMMA team has revamped its Compound Interest Calculator. The compound interest principle is one of the most important principles in money management. Compound interest and time are your most effective strategy tools to accumulate wealth. Even small deposits to a savings or retirement plan started early and invested over the long term will significantly…
