On Christmas Bonus and 13th Month Pay

Have you thought about what are you going to do with your extra money? If not yet, here are few list I could recommend.

1) Pay your debt. First and foremost, before showing off a new gadget to your friends/office mates, pay your outstanding debts. It is a step for lessening your burden when the new year comes. At least, allot an amount so that you can decrease your debt to someone, to your credit card, to your bank loan. Trust me, this is rewarding.

2) Open another account for your emergency fund if you still do not have one. A 500 peso as a start up for your emergency fund will make a difference. The thought that you started something towards financial awareness is already something to be proud of. And then continually automate it for the following months. By the year 2016 ends, you will be richer by 6500 pesos.

3) Invest. 1000 pesos is all you need to start with your investment. Yes. Check out the opportunities offered around you for investment in mutual funds and unit investment trust fund. BDO EIP offers an investment starting at 1000 pesos only. Shop around, compare, and learn all these investments vehicles. Do not be hesitant asking around. If you don't ask, the answer will always be a 'NO'. Stay away from get-rich schemes or any investment 'kuno' promising too good to be true returns in a very short span of time. Remember, that is your own hard earned money. Do not just give it away.

4) Tithe. Allot a portion to your church. Remember, everything you have comes from Him. This is all His. Give thanks. So you will endure another new year of abundance and prosperity.

5) Buy something for yourself. Yes, do not forget yourself. So won't feel neglected. Either by treating yourself for a fine dinner or the dress you have always wanted, this is for you. After all, you worked hard for it the whole year round.

6) Shop with a list on your hand. List all the people you wanted to give a Christmas gift this season. Allot a certain amount for each person or you can buy a general item for everyone such a coin purse and insert a bill or coins on it. Or maybe a printed t-shirt. Or a mug. Make sure that when you shop, you strictly follow your list. No more. Or else, you will end up swiping the plastic card again. You should also note that the item you bought for them will be usable for them. Remember that, it is the thought that counts.

Remind ourselves that the true meaning of Christmas are not just the fancy things around us or the sumptuous meals on our table, but of the birth of Jesus. Our Redeemer.

Share more love and pray.

Have a blessed Yuletide Season. :)