The companies have until Friday, July 15 to deposit the bonus to their workers. According to data from the Ministry of Labor and Employment Promotion, more than 4 million people in the private sector will receive this payment. In this note we tell you how to make the most of this money.
In this regard, José Kohagura, academic coordinator of Banking Business Administration at the Certus institute, commented that, although this job benefit generates a lot of expectations in workers, there are common mistakes that prevent them from managing it in the best way.
“In Peru, 6 out of 10 people spend more than they earn; Thus, by having more liquidity, it is very likely that we will make unnecessary expenses. That is why the most advisable thing in these cases is to prioritize the payment of debts, allocate a percentage for savings or invest it in education or a business.“, he pointed.
In line with this, the specialist shared four common mistakes that we must avoid to make the most of the gratification.
- We leave the debts at the end: Debts are a turning point in personal finances, so it is important to pay them on time. The bonus can help us pay off debts to avoid paying high interest on personal loans, credit cards, purchases on credit, etc. Even if it costs us, it should be our first priority.
- We forgot to save: It often happens that when receiving the bonus the last thing we think about is saving. However, the most recommended, after paying off the debts we have, is to define a percentage of the bonus that we can allocate for savings. This way we can start to develop a good habit and replicate it every month.
- Unnecessary expenses or emotional purchases: When we receive the gratification the temptation to make purchases is high. However, personal finances are affected by excessive or compulsive purchases. Being July a month full of offers for National Holidays, it is important to be prudent and buy only what is necessary on these dates.
- We think in the short term: Receiving the bonus can generate a lot of expectation, however, it is important to think about how we can invest that money responsibly. Defining a medium or long-term plan, investing in a good, a business or studies are also good alternatives to make the most of this money.
“Taking advantage of the gratification to give ourselves some treats and fulfill some personal or family wishes is not bad, the important thing is to have a complete picture of our expenses and responsibilities to optimize this money in the best possible way and think about how we can avoid falling into these common mistakesKohagura said.
