Dear subscribers, we hope 2022 has been a good year for you and that you are ready to join the ĠEMMA team throughout this year. We have many exciting new projects in the pipeline for different cohorts and age groups. The past few years have been very challenging in some ways and the future poses more challenges alongside the new and positive. Financial capability encompasses essential life skills for children and adults alike. Last year we launched our new strategy. We also carried out training and other projects along with some intensely successful and engaging campaigns including competitions aimed for children and youths through SkolaSajf and Freehour, as well as our Voluntary
The challenges of the pastthe prospects of the future
Occupational Retirement Pension Schemes campaign. We have also piloted our first Local Council sessions for older persons and reprised our training for SMEs and the Mental Health Service Users Sessions carried out by our stakeholders
We hope that once again, this year, stakeholders and the public find our initiatives of interest and choose to join us whether by downloading our apps, reading our blog posts,
participating in our training, competitions, webinars and surveys.
To those partners we have met and worked with last year: thank you for your collaboration. To those who will reprise, once again thank you. For those who have ideas or wish to carry out new projects together on financial capability in 2023, please come forward. We are happy to join forces.
The Ġemma Team
Cottonbro Studio
ĠEMMA and the generations
CREDITS
All Members
Ġemma Team
All Contributors
Freelancers
Content Coordinator
Daniela Xuereb
Proof-Reading
Helena Holland
Graphics Production
Peter Miceli Saydon
Distribution
Archibald Attard
Media Editor MSPC
Tonio Bonello
ĠEMMA Newsletter is another publication produced and distributed by the Ministry for Social Policy and Children’s Rights. Along with this newsletter, the Ministry produces several other publications under the brand name FAMILJA.
FAMILJA AĦJAR is an annual publication aimed at informing the general public about the measures announced in the last budget. Once a year SUPPLIMENT SPEĊJALI FAMILJA is produced conveying content related to a specific entity and its services within MSPC. On a quarterly basis RIVISTA FAMILJA seeks to inform the readers with the holistic works of the Ministry combined with socio-cultural themes of general interest.
If you would like to subscribe to our publications, please click here
Financial capability is made up of several factors. The key elements are:
Ability – focused on financial knowledge and skills
Connection – our engagement with money and access to financial services and products
Mindset – Our values and attitudes towards money
These three factors interact to influence a child's financial behaviour. Research suggests mindset and connection are more potent drivers of a child's financial behaviour than ability. We develop financial capability throughout our childhood and adolescence. However, we need more support to become financially capable adults. Research has shown that financial capability is linked to what is seen, learned and experienced in childhood. Still, unfortunately, the skill
of managing your money and understanding the value and worth of money needs to be taught at schools. More so parental actions and characteristics have a more significant impact on a child's financial capability than explicitly receiving financial education in school.
Children who are more financially capable tend to have parents who role modelled financially capable behaviours at home, through explicit teaching (e.g. discussing where household income comes from, showing children how to check bank balances, discussing budgeting and goal setting), through demonstrating behaviours and through fostering their child's connection with money through giving money to their child regularly and giving them the responsibility for spending and saving decisions.
Click here to read the whole article
Arthur Krijgsman
Bank Loans : A matter of thinking before acting
There are endless articles that try to entice readers to commit to a loan. It benefits not solely the borrower but likewise the bank. However, prior to any quantum leap, consider age, marital status, other pending loans, fixed or variable hours of work, financial capability etc. Nevertheless, the chances are that this is a service which you can make good use of. However, do your homework well and do not rush with decision making.
Also look for and understand their typical usage of jargon.
Examples include APR, APRC, Collateral, Life Cover, Early repayment fees, Processing Fees. In so doing allocate the necessary time and effort to compare offers and choosing the right product.
A loan allows the borrower to achieve aims which are both short or long term; as a loan is a time related instrument. Thus, it makes good sense to identify the right product and therefore, repay the right amount in agreement with the bank in the period most suited to your financial situation.
Remember that a customer who has a bank account and regularly conducts his business through the bank in a transparent and responsible manner is
looked upon favourably by the bank. This history facilitates things like KYC (know your customer) and Due Diligence procedures. Master the use of digital banking and avoid waiting in a queue
when you can send a message and receive a secure reply; or for that matter apply for a loan online!
The perception is that a loan is a complicated
bureaucratic affair, which can be ‘true’, but the customer needs to understand the regulatory position of the lender and the need to assess the borrower. Compliance to the Law is a requirement of all operators in the financial services sphere. The need for a loan varies and can happen at various life cycles. In the meantime, take every opportunity to enhance your financial capability and knowledge.
Emmanuel Schembri Former Bank Employee
Monsters
Low Cost Easter Lunch
salad dressing
½ a teaspoon ground mustard
1/8 teaspoon salt
1/8 teaspoon pepper paprika, if desired.
and you can even make them the night before, so come lunchtime you can stress a little less knowing that all you have to do is to pop your casserole dish in the oven.
Appetizer - Classic Devilled Eggs
These devilled eggs are delicious. Top them with different combinations to keep your imagination running and your guests' taste buds rejoicing. Our devilled eggs recipe gives you a creamy taste that no one can resist..., so be warned, once you put them down on the table, they will not be there for long!
6 hard-cooked eggs
peeled
3 tablespoons mayonnaise or
Side dishes - Homemade Make Ahead Mashed Potatoes
Mashed potatoes are the one side that is truly adored by everyone. Make mashed potatoes ahead of time. Mashed potatoes can be prepared in just 25 minutes
9 medium sized potatoes
180 millilitres milk
240 millilitres whipping (heavy) cream
120 grams butter
1 teaspoon salt
1/8 teaspoon pepper
Roasted Carrots
Try these carrots, which are baked with herbs in just 45 minutes!
4 teaspoons vegetable oil
1 tablespoon chopped fresh or 1 teaspoon dried thyme leaves
¼ teaspoon garlic salt
1/8 teaspoon pepper
2 kilograms sliced carrots
Main dish - Glazed Ham
Try this easy 5-ingredient ham recipe for a savoury sweet entrée. You can prepare this ham in just 10 minutes in the morning, go about your day, and have a gorgeous main course ready to go by lunchtime.
3 to 3½ kilogram fully cooked bone-in ham
160 grams light brown sugar
250 grams honey
20 grams Dijon mustard
60 millilitres apple juice.
Dessert – Bird’s Nests
This recipe only requires 3 ingredients: melting chocolate, pretzels and candy covered chocolate eggs, or jelly beans.
Click here to read the whole recipes including the methods.
Peter Miceli Saydon
Ġemma Team
