Who doesn’t love the month of December?
Gatherings and parties with family and friends, delicious food; the Christmas atmosphere and extra money in the bag. Right, I’m talking about the long-awaited Christmas bonus.
Like any resource, you have to know how to manage the money from the Christmas bonus; more when you know that it only comes once a year and that it corresponds to a minimum of 15 days of your salary or the proportional part if you worked less than a year, of course less taxes (snif). The bonus must be paid no later than December 20. If you did not receive it or you have doubts about the amount you obtained, it is best to go to the human resources area of the place where you work.
So that you can take advantage of your bonus, I advise you:
- If you have any past due debt, start the current immediately and continue paying well (at least the minimum that they ask you and on time). If you can pay more than the minimum, or even pay the full amount, do so; tea you will feel calmer knowing that your debt is less, that you are returning to the good path of payment, or you will breathe easier knowing that you have already settled your commitment. If you have more than one debt, get up-to-date on both and make a larger contribution to the loan with the highest interest rate.
- If your credits are okay, it’s time to take advantage of the Christmas bonus to start building your savings. It is important to have at least three months of salary in savings. Why? Just in case. This saving is not touched; It’s for emergencies. If you already have your savings for three months, why not increase it to six months?
- If you already have your credits up to date and have savings accounts, the next step to take is to make your bonus grow. Or are you going to tell me that you don’t want to have more money? To achieve this, you have to invest with a view to having returns that exceed inflation. If your investment gives you what inflation rises then your money does not grow, it stays flat. If your investment gives you less than inflation rises, then you are losing your ability to pay because your money buys less. Investing in yourself, in your education or training, also pays off.
- If you have your debts under control, save and invest, then the bonus could be used to improve the pension that you will obtain in the future. Make voluntary contributions to your Afore.
- Do you already have the four previous points covered? I think then that, with complete peace of mind, you can use your bonus to treat yourself or buy something you need, such as taking out insurances. And remember that in January there may be other expenses to cover, so spend according to your means.
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