Wednesday, December 7, 2011

What to do with 13th Month Pay and Christmas Bonus

Just two weeks from now, its Christmas once more.  As a lyrics of a song goes, "Its Christmas, all over the world . . . "  Most of the public school teachers all the over land have already received their bonuses and only the cash gifts, productivity or performance bonuses remains to be received.  But what is really the best way to do with it aside from paying off debts that we teachers used to do.  Well, I am praying that all of us would be able to get rid of these debts soon.  Here is the article originally entitled Five Important Things Do With Christmas Bonus and 13th Month Pay.

Photo from financialplanningph.com
Every Christmas is a season of hope and most of all, in this materialistic world, a season of buying and selling extravaganza. Good for the sellers but not so good for the buyers who end up financially unstable once new year start.

Since most of public employees particularly educators have already received their bonuses while the rest of the employed are about to receive it, many eyes are sure to be twinkling and their hearts and enthusiasm rises.

I’m sure; many already have plans on what to do with their bonuses. Some would be to buy new gadgets and gizmos to replace the year-old once and for the not so lucky ones, to pay for their debts, because they have already compromised their bonuses in advance. Too few would decide to put their bonuses in savings and most importantly as an investment.

But what is really the best way to do with the bonus?

Financial experts don’t consider bonus including the 13th month pay as income. So, according to them, it should not be treated as what we used to do with our income even how meager it is.

For those who have already imbibed alternative or simple lifestyle and wanted to be financially stable, it is suggested that we should adhere to do the following:  click here to read more

The following articles would also be encouraging to follow the path of financial stability or rewarding life in the future.


For more articles on financial literacy or personal finance, one may click financial literacy or personal finance and see for yourself set of articles that could be of help in strengthening your motivation and desire of embracing a simple lifestyle and get out of debt the fast as you can.

I just can't personally imagine how does it feel having no debt's to at least think of.

1 comment:

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