An overdraft is a way of borrowing money from your bank, linked to your current account – basically so you can occasionally spend more than you have. A bank overdraft can be authorised or unauthorised: Authorised overdrafts are arranged in advance. You agree a borrowing limit with your bank, and you can spend money up…
When it comes to money – do you know what your personality is? Do you spend, and let tomorrow worry about itself? Do you worry so much that you save every cent you can so that you are prepared for any future eventuality – whilst losing out on today? ĠEMMA is pleased to make available…
After some solid thought you have decided to invest in a Personal Pension Plan. A number of financial services providers offer Personal Pension Plans. We at ĠEMMA strongly suggest that you shop around before you make a decision. We ask you that, as a minimum, you should take following matters into account: Ask for the…
There are interesting findings in the third survey, commissioned by ĠEMMA, within the Ministry of the Family, Children’s Right and Social Solidarity and undertaken by EMCS for the month of August 2020. The subject covered Household Money management during the COVID 19 pandemic. It seems that two thirds of the population (63%) did not have…
The Handbook is in Maltese and provides guidance and tips in relation to: Importance of budgeting. Avoiding debt. Increase your abilities to increase your earnings. How to seek employment. How to save. Seeking independent living accommodation. Obtaining the EU Disability Card. Use of Assistive Technology. Social benefits you are entitled. Other benefits you are entitled…
Prior to investing your savings into a private retirement pension product or any other savings or investment product, it is important that you think carefully about your unique needs and overall financial situation. This will allow you to determine whether the investment is right for you. The following are matters you should take into account:…
Interest is often thought of as the amount of money a bank charges you for a loan you take out. The term interest also refers to the income you earn on savings and investments. There are different forms your retirement plan can take so that you build a retirement egg nest. You can save in…
In a recent post, we discussed how life expectancy could impact your retirement planning. There are other key factors to take into account when planning for your retirement. The first is inflation. Inflation represents the general sustained increase in prices resulting from the demand for goods. Obviously, the prices of selected goods may increase for…
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 ‘Taħdem fin-negozju tal-familja? Il-bolla hija mod ta’ kif tassigura l-pensjoni tiegħek. Hallasha!’ directed towards persons who are…
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…
