Before, life expectancy was such that enjoying a long retirement was not possible. In fact in 1960, the life expectancy of a Maltese male person was of 66 years, whilst that of a female was 71 years. Today, in 2020, the life expectancy is 79 years for males and 84 years for females. We are…
ĠEMMA’s mandate is to inculcate retirement and financial capability – focusing primarily on the following financial capability life skill domains: budgeting, saving, managing debt, preparing for the unexpected, planning for the future, understanding the basic investment framework, and understanding one’s basic consumer rights. One important education matter is that of making sure that people are…
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…
A calculator by the financial and capability group for you to make use of, to plan expenditure during the festive season (December and January). Click here to download it for free. step 1 – Your income for December and January – Your take-home pay after taxes and social security contributions deductions. – It is highly…
ĠEMMA was invited on Matilde’s TV programme on PBS where the discussion focused on • money management, • future planning and state pension, and • investment planning.
If you get the facts about saving and spending wisely and follow through with an active realistic budget an intelligent plan that prioritises expenditure and eliminates certain wants choosing one thing and forgoing another desirable behaviors informed and effective decisions getting the most from the money you have you should be able to achieve and…
Your wedding is one of the happiest days of your life. In addition, weddings in Malta are a major social event, traditionally paid for by the bride’s father. Whoever is paying for the wedding, make sure that you spend on your wedding what you truly can afford. Have a discussion with your partner, and your…
We have been researching games and we came across this brilliant budget game – https://natwest.mymoneysense.com/students/students-8-12/the-budget-game/ If you are a teenager, you will love this NatWest Budget Game. Get yourself playing and you will surely get better with money management. Download our guidebook for free.
You pay more money over time in credit card interest charges. Focus on paying off debt first and place priority on those debts with highest interest rate. Therefore, jot down your complete financial situation and organise a realistic spending plan that will let you pay off debts. Keep to the plan!
