Tips on How to spend 13th Month Pay
Employee is the term that refers to a person who works for a specific company. He renders his services in exchange to a salary and benefits he supposed to receive. An employee spends (9) hours a day in working and it’s almost 38% of his entire day (exclusive of over time). It sounds crazy but that’s the basic hours for a one employee. It’s like -- the job mostly consumes your life and you only have a little time for yourself and family.
At some point, one question that would really tickle your mind. Are you working because of your daily bills / expenses? Is it enough to make your life stable? Do you think that the salary you are receiving would really cover all your desires in life? So, maybe you are now asking what you’re gonna do about it?
Everybody thinks of one season where they could have an excess money, and that is Christmas season. Whereas, here is the Christmas bonus (13th Month Pay) and other incentives and opportunities to get an extra money. But, the real thing would be like this. WHAT WILL YOU DO WITH YOUR 13TH MONTH PAY? Here’s a quick and simple tips on how to spend your extra money?
1. WIT - Being knowledgeable about the things we do is a good start to succeed! Likewise, budgeting a money we earn with proper discipline keeps us going better. You are tend to allocate the money in a cycle with a fruitful return. You are right after the things that have sense and visible. This kind of manner will bring you triumph knowing how things went through.
2. INVEST - In order to earn extra income in the near future, try to invest your money in businesses or insurances. This will keep you secure as the day comes that you can no longer work anymore because of your age or inability. Remember, a person is ageing and has no lifetime healthy body that can work like a superhero.
3. SAVE - As early as now, save your money! Use the formula of Income - Savings (10%) = Expenses. This will ensure that at the end of every year, you have savings for the future life. Moreover, this is not a one-click-shot manner to make this possible. Learn to discipline yourself from buying unnecessary things. Minimize the luxurious things that are not definitely a needs for your daily survival. In this case, you might wonder how much you save for this year versus the prior year where you have no control of spending your money!
4. ENTERTAIN - Christmas season is a year-month end and it’s a gonna be a lot of expenses because of a series of occasions. There you are enticed to buy more gifts for your godsons / god daughters, nieces, cousins, family and relatives. Yes. They say Christmas is the time of giving! But, still have a control! Giving gifts and sharing blessings is part of entertaining ourselves as well people whom we give. How to do? Allot a specific budget and enlist people who will receive it. Always think practically! Spare a mindset of giving expensive gifts just to appreciate by the recipients. What matter most is how they show gratitude even in the smallest things you could offer.
After all, you, yourself are the ones who will make a move on how to be a debt-free and rich in the future. In totality, discipline is a MUST that everybody needs to impart. It guides as for every decision we make for a particular scenarios we are facing. Think differently, spend wisely!