Christmas bonuses are one of the most-awaited blessings for many Filipino employees. Some companies even give away hefty incentives and allowances in the first week of January.
It could be a good reason to start a small business or invest on paper assets. But for most people, spending is more fulfilling than saving and investing during the post-Christmas season.
I have compiled 10 of the most effective spending habits for Filipinos to practice if they believe that saving and investing mean nothing for their future.
10 Crazy Ways To Spend Your Bonus
1. Buy lotto tickets at Php100 (US$2.50) each for all the types of draws (6/42, Megalotto 6/45, Superlotto 6/49, Grand Lottoe 6/55, EZ2 Lotto, Power Lotto, etc.) on every draw date for the next 4 weeks. Who knows? You could be the next multi-millionaire! (Php100 x 15 draws per week x 4 weeks) = Php6,000
2. Get a tall frappe at Starbucks daily before going to work for one month. (Php155 x 30 days) = Php4,650
3. Smoke your favorite cigarette at 1 pack a day (Php50 x 30 days) = Php1,500
4. Get a a prepaid iPhone = Php45,000 (just an estimate) and play with it along Aurora Blvd. or Pasay Rotonda.
5. Go for a Php10,000 shopping spree weekend on Three Kings Day (January 6, 2013). Besides, it’s the last day of Christmas.
6. Buy six 1-liter bottles of Red Horse at 7-11 with your friendly neighbor every weekend in December. (Php60 x 6 bottles x 8 weekend days) = Php2,880
7. Watch all 7 movies featured in the next edition of the Metro Manila Film Festival with 10 of your friends and family members. (Php210 x 7 movies x 10 persons) =Php14,700
8. Take away your favorite fastfood meal to bring home after work. Every day. (Php150 x 26 days) = Php3,900
9. Invest at least Php10,000 on an unknown money-making business that promises 50% interest in one month.
10. If you’re in the Philippines, go to the U.S. for a tour. If you’re in the U.S., go to the Philippines for a vacation. If your bonus isn’t enough to shoulder all your vacation expenses, then borrow the bonus of your colleague.
There you have it. You just spent Php83,930 of your precious bonus.
Do you have other crazy, foolish suggestions on how to spend your bonus this year? Please comment below.
Hmmm…and by the way, did you know that if you had a similar bonus of P83,930 last November 2012 and invested it in let’s say, BDO Equity Fund immediately, that money would have grown by at least 27% or equivalent to a yield of P22,305.96 as of October 1, 2018. Your total money, capital and yield included, should have been P106,235.96 today.
Oh yeah, that would be too small for you. 😉
Important Note: We are not preventing you to spend on these things if you have already addressed the things you need to focus on first like paying up your debts, building up your emergency fund, insuring your life and health, establishing a constant flow of income through employment or business, etc.
Rock your way to abundance!
#moneyliferocknroll 
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