- The deadline to receive the bonus is December 20 of each year.
- The Federal Labor Law (LFT) establishes that it must be the equivalent of 15 days of salary for people who have been in the same work space for at least one year.
- From investing in your office or paying debts, try to follow the following tips to make your bonus work.
Finally December arrived and that implies many things. On the one hand, Christmas is getting closer and it is time to think about dinner and exchanges with your family or colleagues. But in addition there is also a very important point and it is about the additional income that by law corresponds to you. It is about the Christmas bonus and that is why we are sharing some tips to make that amount pay off.
What is the bonus?
First of all you should start with the general definition. It consists of a gratuity (benefit) that by law the workers of a company must receive by virtue of all the work done during the year. The payment deadline is December 20 of each year.
With the above in mind, it means that your employer already had to give you your Christmas bonus or you are about to receive it. So that you get the most out of that money that is the result of your effort, and so that you do not lose it in the blink of an eye, try to do the following.
Analyze how much you will receive as a bonus
The first piece of advice that you should follow is to accurately identify the amount of Christmas bonus that corresponds to you this year. In order to make a correct planning, you must first know the amount that you are going to receive.
In accordance with the Federal Labor Law (LFT) you must receive the equivalent of 15 days of salary if you complete one year in the same work space. If this is not your case, then you should receive a proportional bonus corresponding to the months you worked.
Diversify your expenses
Once you have it in your hands, you must be smart, cautious and strategic so that the money does not go quickly and you can really take advantage of it. For example, Think about whether you need to make any improvements or repairs in your home or in your office. Now that you have an additional income, it’s time to think about those small details that make a big difference.
settle your debts
It’s okay to think about making changes in your home or office, but there is also another way to make your bonus work. There is no better feeling than the one generated by paying off a debt and knowing that you no longer owe anything to anyone, but above all, that you are no longer going to continue paying more interest.
Therefore, take advantage of the fact that you have already received your bonus to pay off all your debts, pay off your credit cards and take those worries off your mind. The best thing you can do is stabilize your finances.
Invest your bonus in a bank account
Finally, One of the best options that you can follow is to take advantage of your Christmas bonus to invest. In fact, it is the smartest way to save because instead of just keeping it in a piggy bank, you will make it grow and generate interest so that in the future it becomes more.
Although of course, this will not happen by magic or overnight, you have to be patient and constant. Remember, by investing this “extra money” you will be beginning to build better financial health with which you will be able to face any unforeseen event or emergency, achieve a personal or professional goal or start your retirement fund.
Also read:
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