5 Smart Ways to Use Your Christmas Bonus


December 2, 2016

Finally, the Christmas bonus is here! It took you 11 long months of hard work to get a hold of your once-a-year bonus—how do you plan on spending it?

Of course, you might be tempted with sales on-going around malls, cheap deals on Christmas bazaars just around the corner, and food packages from your favorite restaurants, but have you ever thought if this is where you should really be spending your bonus?

We have got a few tips for you to use your Christmas bonus wisely:

1. Treat yo self!

Remember to always put yourself first. It is important that you reward yourself by getting something that you’ve been eyeing at the mall for some time now. A little treat for a hard-working person like you wouldn’t hurt your budget, right? Plus, doing this will motivate you to work harder so that you get that satisfying feeling of being rewarded after long days that turned into nights of work.

2. Pay off dem bills!

Starting off a new year without debts (or even lesser debts) to pay is a good start for anyone. Begin allocating some of your bonus to cut down on the money that you owe. You have to get rid of the worry of being financially indebted—it’s hard to spend money when you actually owe some.

3. Give love on Christmas day (or any other day)!

The true meaning of this season is to share love with the people around you. Aside from giving material gifts to your loved ones, why not try to give them the gift of health? Some insurance companies in the Philippines offer coverage for the whole family at an affordable cost that will surely not hurt your finances since there are flexible payment options available to fit your budget. It is the best gift that you could give them—protection.

4. Don’t just leave plans as drawings!

“I’ll set this money aside in case of an emergency,” how many times have you said that before? It is always best to prepare your savings ahead of time before it’s too late. Allocate a certain amount for the things that you have to spend money for. It is also important to prepare an emergency fund that you can rely on when something unfortunate comes. You never know when you will need extra cash.

5. Make that paper grow!

Invest a portion of your money on something that will matter in the long run. Since you are working 8 hours a day or maybe even longer, you have to protect your health, and of course, you can’t afford to get sick—no one can. It would be a great loss if an amount of your budgeted money will suddenly be spent on things as expensive as hospitalization or other medications.

Place your bonus in a health insurance plan that will grant protection not just for your health but also for your savings. A portion of your salary will not amount to much if you just spend it on unnecessary things. Insurance will help you go a long way by providing you with cash assistance should your busy lifestyle get the best of you.

Before spending your Christmas bonus, decide on how you can make better use of it—it only comes to you after 11 long months, so don’t waste it and spend it wisely! Make every peso count and get the most out of your hard-earned money!


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