How To Spend Your Christmas Bonus Wisely And Save For Your Future

The December Christmas season is fast-approaching yet again, and for most of us workers, especially the ones in office environments, that means one very important thing, something everyone seems to be looking forward to during the exciting holiday season…of course, that’s right, it’s Christmas bonuses!

Once you get that 13th month pay, it is definitely more than tempting to splurge all of that hard-earned extra money on material things, trips, gifts for yourself and others, but it might be a good idea to think twice before swiping your debit card. That’s because one way to make the most out of it is to spend it wisely – did you know that you can have fun and enjoy your Christmas bonus all while being responsible and saving some of that money, tucking it away for a rainy day or even using it for the better good- for your tomorrow and your future?

It’s not wrong to want to spend on the things that catch your eye, although if you want the best of both worlds, to have the ability to spend and to save at the same time, just keep reading on.  Continue reading How To Spend Your Christmas Bonus Wisely And Save For Your Future

Did You Borrow Money For Christmas and New Year Parties?

Christmas Eve and Christmas Day may have already gone but these days up to New Year’s Day are usually “reunion” days among families, classmates, barkadas, and some friends. So expect more unexpected spendings to come. Also, kids (and adults) will have to think over about what to do with their aguinaldo or cash gifts.

Our friend Ezra Ferraz compiled some advise for parents and kids to become financially-savvy especially during this Christmas season. You will find my advise at number 1 in this helpful article of Ezra at Rappler.com.

Unfortunately, inspite of all these priceless financial advise and suggestions, this festive period usually leave millions of people unable to pay their necessary bills in January next year. Especially those who were not able to monitor their use of credit cards, or worst, have borrowed money through loans (either personal or through 5/6 loan sharks) just to celebrate Christmas with a feast of food and gifts. Continue reading Did You Borrow Money For Christmas and New Year Parties?