How to Not Waste Your 13th Month Pay

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It’s the most wonderful time of the year! Christmas is just around the corner. Holiday sales are everywhere. People are planning office parties left and right. But best of all, Christmas bonuses and 13th-month pay are being rolled out. YASSS!!! You'll definitely feel like a "one-day millionaire" when the extra dough clears on your account. More so, when you're in holiday mode (read: generous-to-the-bone mode), your 13th-month pay can disappear just as easily as it came. For many people, the 13th-month pay wouldn't even get past the Noche Buena. Think about it. You've waited all year for the extra cash, so you might as well put it to good use. Better yet, go milk it for all its worth so that extra cash won't end up as debt comes the New Year. Here are some ways on how not to waste your 13-month pay. Plan, Plot, Allocate Some would argue that it is unwise to spend money before you actually have it. In the case of expected cash, it's advisable to plan and "spend" it all in … [Read more...]