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 […]

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 […]

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 […]

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 […]

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 […]