Around this time, many employees have already received or are looking forward to their Christmas bonuses or what you call 13th month pay.
Maybe, some employees in the government and private sector have already planned what to do with it. It’s not surprising to see that many already made a mental note of it.
From my experience and observation, here are the usual ways of how they will spend it :
1. Buy the things they’ve been dreaming of like the latest gadgets (smartphones, bags, shoes). This usually applies to the SINGLE ones.
2. For the MARRIED couples, they may be setting aside a portion of it to pay off their monthly amortization; pay off some debts and allocate the rest to their monthly expenses.
3. Parents who have CHILDREN might consider setting aside a portion of their bonuses for the next tuition payment. I am just guessing but I think this is a good one. They might also set aside a portion to buy gifts for their children and to their relatives and friends.
4. For the RETIRED people, of course, they can still receive bonuses via their pension. Usually these are intended to buy their medicines or a few groceries. For those whose pension or bonuses are not enough, maybe they expect to receive a blessing from their children too, married or not. I tell you, these group could be the most appreciative group of all because they long to be remembered and taken care of also in their twilight years.
Which brings me to my point.
What is the best way to treat an extra income or bonus? Pay off debts? Check. Pay off bills. Check. The long and short of it, for those who can relate with bonuses, using it to pay off your obligations and other responsibilities are worthwhile intentions, not to mention, that setting aside a portion for long-term savings or investments would also be a good idea and will pay off in the long term.
But maybe since we are approaching Christmas and while some of our countrymen are going through some hardships or difficulties in life at this time, because of Yolanda (or Haiyan), now is the time to act.
Treat your bonus like this:
B – less
The Bible says in Proverbs 11:25:
Be generous, and you will be prosperous. Help others, and you will be helped. (Good News Translation);
A generous man will prosper; he who refreshes others will himself be refreshed. (NIV).
But don’t take my word for it. Trust in God. Trust in His Word. It’s not the amount. It’s in the giving that counts.
The point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. Each one must give as he has decided in his heart,not reluctantly or under compulsion, for God loves a cheerful giver. (2 Corinthians 9:6-7)
May you be blessed.