Child Month 2024 was celebrated under the theme, Stand up! Speak Out! Protect the Rights of Our Children and The Jamaica National Group facilitated and participated in several activities to commemorate this year’s occasion. JN Bank partnered with the National Child Month Committee (NCMC), donating $100,000 towards their activities for the month-long celebration. Beginning on […]

Rose Miller, manager, Strategic Empowerment Programmes at the JN Foundation says a financially literate person can more easily detect when they are being scammed and so ward off financial danger. Mrs Miller made the comment while addressing a financial empowerment lunch and learn session organised by the JN Foundation in collaboration with JN Member companies, […]

Why? Because fees and charges can sometimes be confusing or overwhelming and not easily understood. But the business of banking is very costly, and because of the importance of banks to the stability of the economy, every ounce of care must be taken to ensure banks are strong and sound, so that your money is […]

 ATM withdrawal fees Most banks offer a certain number of ATM transactions free each month to their customers. Plan carefully each month your need for physical cash and take advantage of the number of free transactions available to you, as using other banks’ ATMs could cost you. And as much as possible, make purchases using […]

There are many common myths about credit cards that either make people reluctant to get them or misuse them. Here are five common credit card myths. A credit card gives you free money. No, you have to pay back the money that you use on your card. A credit card will definitely put you in […]

Here are Some Key Tips to Grow Your Money As Jamaica, and the rest of the world, observes World Savings Day on October 31, we share a few tips to help you save and grow your money for a secure financial future. Take the first step to evaluate your financial health by “DOING A THOROUGH […]

Rose Miller, grants manager at the JN Foundation and head of the JN BeWi$e Financial Empowerment Programme, says there is a growing need for more senior citizens to be exposed to financial education programmes so that they can better plan for old age. She noted that this is important as research shows that growing older […]

Larry Watson, chief executive officer of the Jamaica Chamber of Commerce (JCC), states that any company that has a significant percentage of its business as credit customers, could find its uncollected debt to be crippling. “It has a negative impact on cash flow and in any business, cash flow is key. Hence, the saying in […]

Rose Miller, head of the JN BeWi$e Financial Empowerment Programme, says contrary to the common belief, a credit card is not a “debt sentence,” if used prudently. Mrs Miller, who is also Grants Manager at the JN Foundation, stated that a credit card can be an important tool in the quest towards financial security, if […]

Rose Miller, head of the JN BeWi$e Financial Empowerment Programme, says contrary to the common belief, a credit card is not a “debt sentence,” if used prudently. Mrs Miller, who is also Grants Manager at the JN Foundation, stated that a credit card can be an important tool in the quest towards financial security, if […]

With such few opportunities to indulge in social activities during 2020, due to the restrictions and challenges posed by the COVID-19 pandemic, there’s a temptation among some Jamaicans this year to ‘live a little’ this Christmas and treat themselves and their loved ones. However, Garfield Goulbourne, relationship manager at JN Bank, is advising persons to […]

Rose Miller, grants manager at the JN Foundation, is renewing the call for more Jamaicans to get serious about building an emergency fund. Speaking against the background of World Savings Day, observed globally on October 31, she stated that the COVID-19 pandemic is a vivid example of why an emergency fund is such an important […]

Let’s face it – nothing beats the feeling of checking your bank account on payday. However, after you pay off your electricity, water and cable bills and go to buy some groceries, do you ever find yourself in the same financial position you were just two weeks ago? If this story sounds familiar to you, […]

There are some inevitable big decisions that we all make in our lives that will have a major impact over the course of our lifetime. For example, what we choose to study in school has an important influence on the trajectory of our career goals and life choices that align with the decision, if we […]

You’ve done all the right things – You’ve saved years for your dream house on the coast, scoured through listings and are ready to apply for your first mortgage. Everything seems to be lining up until your mortgage officer calls and says, “Sorry to break the news, but you have bad credit”. Today, credit scores […]

It’s no secret that kids mimic what they see or hear their parents do. Even as you navigate your own finances, there are plenty “teachable moments” where you can teach them about money. And the sooner you start the better.  In fact, a study conducted by Cambridge University shows that financial behaviours kids will take into […]

Getting married is one of the biggest and most important days of your life. However, before you walk down that aisle, there are a number of decisions you will have to make with your spouse, such as finalizing the guest list, selecting the perfect venue and securing the vendors! These are all considered par for […]

When you think of net worth – what exactly comes to mind? Right away, you might think of the Forbes’ billionaire list, which ranks the wealth of the world’s richest – including the likes of Bill Gates, Oprah Winfrey and Michael Lee-Chin. In this article, we’ll be guiding you through how you can calculate your personal net worth. […]

“No matter how much you make, at the end of the day, it is what you save that really matters,” says Rose Miller, grants manager at JN Foundation and head of the JN BeWise Financial Programme. Mrs Miller advises that to ensure you are on the right track, the general rule is to save at […]

The current COVID-19 pandemic has truly allowed many to fully appreciate the concept, often espoused by financial experts, that everyone needs to have an emergency fund.   This fund should ideally consists of 3-6 months of living expenses, or more, if possible.   Even with this cushion in place it is necessary to be frugal, always ensuring […]

Financial literacy expert, Rose Miller is encouraging persons who have lost their jobs as a result of COVID-19, to look at ways to monetise their skills to assist in earning an income. “We all have gifts. Try and identify if there is a gift that you can use to earn an income. In fact, even […]

Rose Miller, head of the JN BeWi$e financial empowerment programme, advised that the sooner one starts making a financial plan, the more control that person will have over their money and future plans. She pointed out that, “Building solid financial habits is critical for long-term success,” noting that, “establishing an emergency fund is a necessary […]

Five Steps to Manage Your Finances It’s never easy coping with a job loss. In fact, it is regarded as one of lives most traumatic experiences. With the ongoing COVID-19 pandemic, job losses abound globally. In Jamaica, thousands of persons have been laid off across several sectors. In tourism alone, 75 per cent, or 120,000 […]

Rose Miller, head of the JN BeWi$e financial empowerment programme says that although it may not be the ideal plan for every individual, the 10-10-80 budget is a common choice among people, who are serious about saving for the future. 10-10-80 Budgets The 10-10-80 budget is built on the premise that most households require no […]

The start of a new year always brings with it deep reflection. It’s a time when most persons often make decisions about the things they want to change in their lives or the goals they want to attain in the New Year. It is also a time when some persons frequently pause to reflect on […]

Many people who want to start their own businesses do so for various reasons. For some, it is to achieve one’s independence and become their own boss, or simply to enjoy the convenience of working flexible hours, while challenging themselves to achieve a successful business. Yet for others, the desire to own a business stems […]

Steve Distant, Chief of Sales at JN Bank, has advised public sector workers to think carefully about their borrowing habits, pointing out that there are many ways to borrow without incurring bad debt. Mr. Distant noted that the first rule of thumb, is to know the difference between good and bad debt and to learn how […]

Borrowing wisely can help anyone to generate wealth. There are many circumstances in which it’s appropriate to borrow money, so it’s worth keeping a few rules of thumb in mind when taking on debt. There are distinctions to be made between “good debt” and “bad debt,” but the greatest impact of all may be whether […]

Pension expert, Sharon Smith, says as difficult a time some people may be experiencing now due to the economic effects of COVID-19, pension contributors should be seeking to preserve their savings. Ms Smith, who is the head of premium financing and pensions at JN Bank, said, whether contributing to an approved retirement scheme, superannuation fund or […]