Ideally, you should save at least 20% of your overall income.
The thirteenth salary, also known as the Christmas bonus, is an item that must be paid up to December 24 and is highly anticipated by workers since it is a full accumulated liquid salary, although there is also the option of monthly payment.
For its calculation it is taken into account everything that the worker receives as remuneration, that is, everything that he receives in money, in services or in kind. It is received by the workers as well as the employer retirees. Former workers are entitled to a proportion for the time worked.
The expectation for this remuneration is that it will be used to cover various items, such as Christmas dinners, purchase of clothes or gifts, payment of debts, entry to acquire goods such as a car or house, implement a business, medical expenses, among many more. However, if you don’t plan well, this money could be misused.
There are many options to take advantage of this money and not necessarily waste it at the first opportunity. A good way to spend your thirteenth salary is in education. Despite the restrictions due to the pandemic, the education sector was one of the sectors that did not stop, even made technology – with online classes – one of its pillars.
Currently there are many accessible educational opportunities, with courses courses online and certifications whose prices are accessible. Master’s degrees are also another good option. On the other hand, if the workers are already parents, the thirteenth salary could be used to invest in a future education plan, destined to pay for their children’s university.
Investment in health will always be a priority. The Equivida insurance company highlights that thinking about going to the dentist, nutritionist, pediatrician, ophthalmologist or general practitioner, are circumstances that will become more recurrent over time, so having a medical plan on time will save you money and resources .
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Another important point to which the thirteenth salary could be destined is retirement planning, although this point could be perceived as a somewhat distant subject by many. Although in the country there are two types of retirement -the employer and the IESS-, it never hurts to have extra money to live the Golden age in a more comfortable way, with freedom and financial independence.
In any case, regardless of the destination that this Christmas bonus has, the ideal would be that you save at least 20% of your income in general. (I)
Paul is a talented author and journalist with a passion for entertainment and general news. He currently works as a writer at the 247 News Agency, where he has established herself as a respected voice in the industry.
