On the occasion of Christmas, the workers who are subject to the labor regime of the private activity, receive the payment of a gratification for holidays, which corresponds to an additional salary that is deposited the first days of the month and at the latest until December 15, as established in Law No. 27735.
This bonus is intended to be an extra income that allows them to meet the end-of-year expenses, in view of the festivities that accompany family celebrations or a scheduled trip.
In this sense, although most often our first idea is to allocate this extra income to unexpected end-of-year expenses, a wise piece of advice is to choose to use our bonus as responsibly and always keep our budget in mind to avoid spending excessively. more, looking to start the year in the best way.
That said, Experian explains three ways in which we can take advantage of this payment in the best way:
Saving is always a good option, especially if you decide to do it through an option that generates a passive return through a savings account, for example.
It is important to have a savings fund in case any economic unforeseen event arises and it is necessary to cover it, for which it is advisable to have a short and medium-term savings plan, with realistic goals according to our situation.
If you still have questions about how you can use your bonus more conveniently, creating a financial plan is a good idea. “This plan must take into account our regular and extra income, as well as the fixed and main expenses such as basic services and financial commitments that we have assumed” explains Sergio Rivera, Commercial Manager of Experian.
“Thus, having a projected plan, you will be able to define the best way to use your money.” concludes.
Investing also makes it possible to grow our initial amount. However, it is important to emphasize that the return will not be in the short term, but it can ensure more income than traditional savings. If you invest in a business, for example, it is necessary to evaluate its short and long-term profitability.
Another option would be to invest in our personal growth, through training courses or some specific training in which we are interested.
“We know that as we are very close to the end of the year celebrations, it is inevitable to make extra expenses for gifts, food or trips. However, taking care of our personal finances helps us make informed decisions, as well as investment strategies, among others. For example, defining how we will use this extra money is a strategy that we should put into practice whenever we receive new income to organize ourselves and get the most out of it” Rivera ends.
