The document provides tips and information for managing money while studying abroad or interning. It discusses talking to parents about financial contributions, understanding financial need and student loan options, separating needs from wants, paying bills on time, using debit/credit responsibly, and resisting peer pressure to overspend. Managing expenses, housing choices, transportation costs, and earning extra income are also addressed.

1. FOR STUDYING ABROAD
MOneY
management

2. KNOW HOW FAR YOUR PARENTS CAN ASSIST YOU,
HOW MUCH THEY WILL CONTRIBUTE, AND FOR
HOW LONG
DISCUSS WITH THEM YOUR EDUCATION
EXPENSES, SETTLING IN, LIVING EXPENSES AND
REVIEW EXTRAS LIKE ELECTRICITY, GAS,
INSURANCE, ETC.
REMEMBER, HAVING YOU STUDYING ABROAD IS
AN ADJUSTMENT FOR YOUR PARENTS AS MUCH
IT IS FOR YOU
TalK tO YOuR
PArEntS

3. FINANCIAL
NEED
YOU PROBABLY
THINK YOUR NEED
FOR AID IS PRETTY
OBVIOUS—YOU
COULD USE ALL THE
HELP YOU CAN GET.
BUT IT’S ACTUALLY
A DEFINED
NUMBER THAT’S
UNIQUE TO YOU,
BASED ON YOUR
Internship AND
YOUR FINANCIAL
SITUATION

4. BASIC SLIDES
GET THE
Low down on
Student
LoaNS
YOU DON’T HAVE TO BE SCARED TO TAKE OUT
STUDENT LOANS, YOU JUST HAVE TO FULLY
UNDERSTAND HOW THEY WORK. THERE ARE SOME
IMPORTANT ASPECTS TO BE AWARE OF BEFORE
YOU SIGN ON FOR THE LONG HAUL

5. MEET THE TEAM
Introduce your team to your
audience
KNOW YOUR
repayment
OPTIONS
ONCE YOU GRADUATE COLLEGE, YOU NEED TO START
CHIPPING AWAY AT THE MONEY YOU BORROWED—PLUS
INTEREST

6. PICTURES PLACEHOLDERS
5 Unique Layouts to Drag & drop
your images
separate
NEEDS from
WANTS
WORKING LATE A LATTE IS SURE TO FEEL LIKE A NEED –
MAYBE A COFFEE IS A NEED BUT GOURMET COFFEE
DRINKS ARE A WANT

7. TIMELINES
start withTHE
BASICS
THE BEST WAY TO TAKE CHARGE OF YOUR
MONEY IS TO HAVE A PLAN FOR IT. INSTEAD OF
THINKING ABOUT MONEY AS SOMETHING TO
SPEND, THINK ABOUT MAKING YOUR MONEY
WORK FOR YOU

8. CLOSURE SLIDES
spendYOUR MONEY
wisely
WITH A LITTLE SELF-AWARENESS AND SELF-CONTROL, YOU CAN
TRANSFORM INTO A SMART SPENDER. THERE ARE A FEW
THINGS TO KEEP IN MIND THE NEXT TIME YOU’RE GETTING
READY TO MAKE A PURCHASE

9. PLUg
spending
lEAks
SPENDING LEAKS
OFTEN FLY UNDER
THE RADAR, UNTIL
YOU REALISE HOW
MUCH THEY’VE
ADDED UP OVER
TIME. YOU CAN
PREVENT THESE
SNEAKY SITUATIONS
BY PAYING CLOSER
ATTENTION TO
YOUR MONEY

10. BASIC SLIDES
PAY
tHe ReNt, uTiliTY, &
OtHeR fiXeD cOsTs
on
TIMETHESE ARE STRUCTURED COSTS RELATING TO
EXPENSES YOU CANNOT DO WITHOUT – WHICH
NEED TO BE PLANNED

11. limitTRANSPORTATION COSTS
WHERE POSSIBLE WALK, BIKE OR RIDE
PUBLIC TRANSPORTATION – AND LOOK
OUT FOR BONUS SCHEMES; AND WHEN
YOU HAVE NO ALTERNATIVE BUT TO HAIL
A TAXI TRY TO TRAVEL WITH A
COLLEAGUE TO SHARE THE COST

12. MOCKUPS
Phones, tablets, laptop to feature
your pictures
PUT YOUR
Money
INthe bank
WHETHER YOU’VE CARRIED CASH ALL
YOUR LIFE OR HAD A CHEQUING
ACCOUNT SINCE YOU BECAME A
TEEN, YOU’LL WANT TO FIND A
BANKING SOLUTION THAT WORKS
FOR YOU DURING YOUR INTERNSHIP

13. CLOSURE SLIDES
chooseYOUR
carefully
CARD PROVIDERS MAKE SIGNING UP FOR CREDIT CARDS
INCREDIBLY APPEALING. WHETHER THEY’RE EMPHASING
THE SWEET REWARDS OR THE LOW MONTHLY PAYMENTS,
IT CAN BE EASY TO GET SWEPT UP IN THEIR SELL.
credit card

14. PICTURES PLACEHOLDERS
5 Unique Layouts to Drag & drop
your images
USE YOUR
Debit / Credit
Responsibly
CREDIT / DEBIT CARD SPENDING CAN BE A LITTLE EASIER
TO LOSE TRACK OF THAN CASH IN YOUR POCKET. THAT’S
BECAUSE YOU NEVER REALLY SEE IT UNTIL IT APPEARS
ON YOUR STATEMENT

15. INFOGRAPHICS
get help
IF YOU’RE
in debt trouble
YOU MIGHT BE IN DEBT TROUBLE IF YOU
DON’T KNOW HOW MUCH YOU OWE,
BORROW FROM ONE CREDIT CARD TO PAY
ANOTHER, MISS PAYMENTS OR PAY YOUR
BILLS LATE OR START HEARING FROM YOUR
CREDITORS OR COLLECTION AGENCIES.
JUST LIKE WITH ANY OTHER FINANCIAL
ISSUE, IT’S IMPORTANT TO SPEAK TO THE
RIGHT PEOPLE AND TAKE THE RIGHT STEPS
TO RESOLVE IT

16. BASIC SLIDES
RESIST
PEER
preSSure
YOU MAY SOMETIMES FEEL PRESSURED BY YOUR
FRIENDS TO SPEND MONEY THAT YOU DON’T HAVE
– BE WILLING TO SAY “NO – I CAN’T AFFORD TO DO
THAT

17. get
orgANised
WHETHER REAL OR VIRTUAL, YOU’LL NEED A
PLACE TO STORE IMPORTANT RECORDS, BILLS
AND DOCUMENTS, SO YOU KNOW WHERE TO
FIND THEM WHEN YOU NEED THEM

18. MEET THE TEAM
Introduce your team to your
audience
select
hoUSIng
mindfully
IF YOU ARE NOT LIVING AT YOUR EMPLOYER LOOK
AROUND CAREFULLY FOR A RENTAL ACCOMMODATION –
CONSIDER SHARING, TRANSPORTATION, RATES, ETC.

19. MAKE YOUR
career
A MAIN
CONSIDER WORKING “EXTRA HOURS” AT YOUR ASSIGNED EMPLOYER TO EARN
EXTRA MONEY. HOWEVER MAINTAIN FOCUS ON YOUR CAREER AND STUDIES
AND TAKE STEPS TO PREPARE FOR YOUR FIRST JOB
focus

20. https://gemma.gov.mt/downloadable-budget-planner/

21. ThE
ĠEMMA
stORy
www.gemma.gov.mt