SIMPLE TIPS ON HOW TO SPEND YOUR 13TH MONTH PAY

Heto na naman ang “Ber months,” the most awaited months for everyone, and it’s not only because Christmas is coming but also for the reason that 13th month pay is heading towards their palm. I asked 3 working pinoys of different ages on how they will spend their 13th month pay.

T

he first person I asked was an office worker who is nearing her retirement. She said that she will set aside 50% of her 13th month pay in savings account in preparation for her retirement, and the other half will be spent for buying personal gifts and presents for friends and relatives.

The next person I interviewed was a family man. He said that as soon as he received his 13th month pay he will spend all the money for his family’s needs.

The last person I asked was a 21-year-old lady. She said that she will go shopping and spend all her money to buy stuffs like shoes and bags.

After hearing their answers, I have realized na bawat isa sa atin ay may iba’t ibang paraan kung paano gagastusin ang ating natanggap nating 13th month compensation.  In my opinion, we should carefully plan where and how we will spend it. As the saying goes, “early planning and preparation is essential to staying safe.” Hindi ba kadalasan kapag hindi natin napagplanuhan ang isang bagay ay madaling maubos ang perang pinaghirapan natin sa hindi makabuluhang bagay? Alam natin na hindi madaling kumita ng pera kaya nararapat lang na matutunan natin ang tamang paggastos nito.

Now, let me share with you how we should spend our 13th month pay:

Pay my Debts

The first thing that we should do is to pay our debts.

If you cannot pay in full, at the very least, pay the minimum amount you can afford. Do that consistently every month or every payday until the debt is paid in full. Naniniwala ako na nakakadagdag sa kumpiyansa ng isang tao ang pagiging malaya sa utang.  In fact, you can make a resolution to pay off your debts as soon as possible.

Invest in a Mutual Fund and Build-up my Savings Account

Grow your savings by adding up certain amounts on a regul

ar basis. Doing so will enable you to accumulate money to start your own business in 3-5 years time. Aside from beefing up your savings, invest at least 20% of your 13th month pay in a Mutual Fund investment.

Did you know that investing in mutual funds is one of the secrets of the wealthy? They let their money grow there, and it’s affordable! In fact, you can open a mutual fund account for a minimum investment of 5,000 pesos. But oops, don’t rush into it without studying and understanding it first. INVEST IN YOURSELF.  That’s the first rule in investing.  Attend seminars to increase your financial intelligence. We could recommend free financial seminars on mutual funds and other financial topics that can help you acquire the necessary knowledge on how to build your wealth.

If you are interested to attend, feel free to get in touch with us. You may click Contact Us, or Free Seminar  to register.

P.S. Don’t ever think na hindi mo kayang mag start mag invest nang dahil lang sa mababang sahod. For me, it is not how big or small your salary is, it is how well disciplined you are in handling your money.

Share your blessings

I believe in the saying that, “the more you give unselfishly, the more you receive abundantly,” kaya naman huwag tayong mag hesitate na ibahagi sa ibang tao ang mga natatanggap nating biyaya. Aside from sharing our money with our family, which is the very reason why we are working hard, I hope we can also share a portion of it to the less-privileged. Kaya naman itong 13th month pay ko, I am  sharing it to my family, and to my chosen charity, as my way of thanking the Almighty God for His abundant blessings!

 

 

Author:

Mclaine Christine Abigail Lacsamana

 

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