5 Ways to Wisely Spend your 13th Month Pay

It's December already which means that it's time for the 13th-month pay for everyone employed! Instead of blowing through your 13th-month pay, here are a few tips to help you spend it more wisely.

    Buy stocks
Getting into investments can seem intimidating at first. But with the vast information that can be easily accessed online, it’s easier to be financially literate in the Philippines. Check out some books and YouTube videos on how to properly strategize and choose the right stocks and investments based on your financial goal. This can pay off in the long run as long as you make smart decisions on where your money goes.

    Start an emergency fund

Having a separate emergency fund is a necessity in order to be prepared when the time comes for unexpected expenses such as medical bills, house, and auto repairs. At a minimum, one should have three months' worth of living expenses in your emergency fund. There are also online emergency fund calculators to help you decide on how to do this. Make sure to create a separate bank account for this to properly manage your accounts. Saving up for an emergency fund and knowing that one is all set can give a person a sense of security that can allow an individual to live a more peaceful life.

    Pay off debt

Adulting also entails being responsible for liabilities. In order to start the year completely fresh, pay off the debt you’ve accumulated throughout the year! This makes way for a clean slate and a restart on how you purchase and prioritize expenses for 2020.

    Upgrade your home appliance

Keeping the household intact is always a priority. Home appliances play a big role in the household and should serve their purpose in both function and design. If it seems like home appliances are showing signs that they are about to break down such as discoloration, making weird noises and not doing its job efficiently, then replace them before they bring inconvenience to the household. With the different innovations out in the market, it’s important to choose the appliance that will serve one’s family’s needs. Also, watch out for sales and promos during the season that can save you money to spend on other necessities.

    Classes and courses
If taking a short course has been on the list for so long, then this can definitely be a good time to take it. Adding skills and knowledge can definitely pay off in the long run. If you worry about not being able to attend classes regularly, consider checking out online courses such as skillshare.com, coursera.org, and Udemy.com. These websites offer thousands of courses from crafts, science, and business, and can be taken on one’s own time. Don’t be afraid to spend on things that can benefit you as self-investment.

Splurging on items that can be smart investments is something that people shouldn’t feel bad about. With Samsung Digital Appliance’s Merrier Christmas Gifts, one can enjoy discounts up to 25% off and Bayad Center eCoupons to use to pay for household bills.

To know more about the Merrier Christmas Gifts Promo of Samsung Digital Appliances, visit https://www.samsung.com/ph/offer/merrierchristmasgifts/appliances/. This promo runs from October 1, 2019 to January 31, 2020.

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