13th Month Pay
By insurectus
@insurectus (334)
Philippines
4 responses
@allamgirl (2140)
• Philippines
1 Dec 10
Rumor has it that we'll be getting ours by the end of this week. There's only one thing on my mind that I HAVE to do with it, save it. Put it in the bank for safekeeping! I spent so much money today, not that I regret it, but it's a pretty big amount for me. So when I get my bonus, I'll save it to make up for the savings that I spent today.
@insurectus (334)
• Philippines
8 Dec 10
Putting it on the bank could be the safest way to let it grow
but an experienced financial advisor told me that bank interest
rate cannot cope up with the inflation rate unless its a multi million
@allamgirl (2140)
• Philippines
10 Dec 10
That's so technical. I forgot the things I learned about interest and money. Anyway, here's what I did, saved half the money then spent the other half for my Christmas gifts.
@theredquill (586)
• Philippines
1 Dec 10
Invest and save, no question. I want my money to grow, and since it's a bonus, I wouldn't be really needing it for my basic needs. I'm thinking of investing on government bonds because they are low-risk. I will then save the interest, then if I have enough savings, I'll treat myself to a pampering vacation somewhere.
@insurectus (334)
• Philippines
8 Dec 10
What a combination. I heard stocks during holiday season tends to go down and its the best time to buy and sell it at a later time. I never invested in real stocks though (maybe in the future) just the PSE stocks game and still learning.
For starters, its really wise to save then invest.
Excellent point theredquill
@jeanneyvonne (5501)
• Philippines
4 Dec 10
My plans for that long waited bonus is to divide it into four parts. One part goes to the bank, another to a secret compartment in room in any case that I'm in dire need of extra money, one part goes to the family treasury and other part is to anything that my whim takes me. I do this to balance both my obligations and my indulgences - after all, what kind of benefit is a salary if you can't enjoy it and make it as means to others.
