Sunday, August 1

Tag: money-matters

What’s with GME, AMC and BB, a FAQ
Money 💰

What’s with GME, AMC and BB, a FAQ

The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. The more complex answer is that its stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders who yell on the internet. Mike Novogratz, an investor and former hedge fund manager, said the internet activity is the result of frustration that everyday investors are often locked out of lucrative opportunities, such as initial public stock offerings. Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares of stock to sell and then buy back later so they can return them, which lets them pocke...
Child Care Allowance (Kindergeld), Germany
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Child Care Allowance (Kindergeld), Germany

If you are living in Germany with children, here’s one more reason to smile :) . You are entitled to Kindergeld, a monthly monetary benefit to help with the costs of raising a child. Who is eligible? Either parent is eligible to receive this amount until the child is 18, and in the below cases until the child is 25. If your child is unemployed and registered as a job-seeker with an Employment Agency.If your child is in education or training.If your child is in education and has a part-time job in addition.If your child has a disability and cannot support themselves (no age limit). How much do I get? The Kindergeld or child benefit is provided by the Family Benefits Office (Familienkasse) at the Federal Employment Agency (Bundesagentur fur arbeit). As of today...
Parent Allowance (Elterngeld), Germany
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Parent Allowance (Elterngeld), Germany

If you are living in Germany, apart from Kindergeld, parents are also entitled to an allowance known as Elterngeld. This benefit is given to new parents to encourage them to spend more time with their new born, thus helping them to cover up living costs. The Elterngeld can be shared between both the child’s parents, therefore enabling both parents to take time off work, for the new child. Who is eligible? If both parents are involved in child care, they can claim a total of 14 months’ parental allowance together. For eg. one parent can claim the allowance for 3 months, and the other for the remaining 11 months. However, you will have to comply with the below mentioned as well: You do no more than 30 hours’ paid work per week while you are receiving the allowance.You live together...
Housing Allowance (Wohngeld), Germany
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Housing Allowance (Wohngeld), Germany

Among the many ways in which the German government supports it's residents, Wohngeld or Housing Allowance is one. It is a financial assistance to help you cope with housing costs. There are 2 kinds of allowance: rent subsidy (Mietzuschuss) for tenants of a living space and as a burden subsidy (Lastenzuschuss) for owners of a home. Eligibility Non EU foreigners are allowed to apply for Housing allowance too, if you fulfill the below criteria: You hold a valid residence permitYou rent an apartment or a room, or you have bought a house or apartment and are registered at the same addressYour household’s combined earnings do not exceed the income limitsYou do not receive any other benefits such as unemployment benefit II, Injury benefit, Cost-of-living assistance ...
Temporary support for small and medium businesses, Germany
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Temporary support for small and medium businesses, Germany

On Friday, the Cabinet agreed on the cornerstones of a federal programme entitled "Temporary support for small and medium businesses that have had to shut down to a significant extent or in full as a result of the coronavirus crisis".  Who can apply? Small and medium businesses and organisations from every sector of the economy, provided they are not eligible from support from the Economic Stabilisation Fund, one-person self-employed outfits, full-time freelancers in liberal professions, non-profit businesses and organisations that are permanently active on the market. What preconditions must be met before an application can be lodged? Business operations must have had to shut down completely or to a significant extent as a result of the coronavirus pandemic. How ...
Financial Aid for Students during COVID, Germany
Education 📚, Expat Info 📰

Financial Aid for Students during COVID, Germany

Many students in Germany are facing Financial strains during this pandemic, mostly with the loss of student jobs. Coming to the rescue is the Federal Ministry of Education and Research (BMBF) announcing financial support to the students in Germany. This includes two elements, the KfW student loan, and grants that are distributed through the student services that need not be repaid. 1. The KfW student loan is an interest-free loan until March 31, 2021. Foreign Students can apply for it from June 1, 2020. Depending on requirements, the loan can be drawn up to EUR 650 per month and can be applied online without bureaucracy.  Foreign students - i.e. nationals of third countries and EU citizens who have been living in Germany for less than three years are eligible to avail of the loa...