Protection
Put yourself at ease by protecting those you love
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{{label}}03 December 2019
December—the merriest month of the year—is here, which means you’ll be getting your Christmas bonus anytime soon. While waiting, it may be a good time to think of how to use your 13th-month pay or any other financial incentive you’ll be receiving.
Are you like 40% of Filipino employees whose savings plan includes putting their holiday pay in a bank account? Perhaps you belong to the 35% of workers who shop for gift items for Christmas, or the 29% who choose to give cash gifts to their loved ones on Christmas.
Deciding where to spend your 13th-month pay isn’t as simple as you think. You may look at it as a reward for a year’s worth of hard work, which you can use as you please, but you also need to consider your immediate future needs. So before buying yourself or someone a Christmas present, you may need to spend a moment or two thinking if now is the best time to buy it with your Christmas bonus.
That said, here are five things that you can postpone buying with your Christmas bonus:
What’s in Your Christmas Wish List?
There are tons of ways you can spend your holiday pay or bonus, but sometimes, delaying your purchases may prove to be more practical and allow you to get a better deal along the way. Timing will then be an important factor for consideration in this case.
Beyond the merrymaking, Christmas is also a good time to evaluate your financial goals. You can take the usual wish list tradition a step higher as you start a new savings plan, or keep it simple by spending a happy night with your loved ones.
The way you choose to spread the spirit of Christmas is a decision you’ll have to make for yourself. For financial advice, feel free to come to us for help. Talk to a Bancassurance Sales Executive at any of our 900 BPI branches today.