You just got your much-awaited 13th month pay. You’re
happy and very much eager to spend it on some things you’ve been longing to
do—or buy—a couple of months earlier.
But hold your horses! As with any other things in this
world, money will also disappear and will simply go to waste if you don’t spend
it wisely. Temptations abound during the holidays so it’s best to think of ways
on how to use your precious 13th month pay efficiently and wisely. You don’t
want to end up with an empty wallet right after receiving your bonus, don’t
you?
The Philippine Association of Legitimate Service
Contractors (PALSCON), the country’s biggest group of service contractors that
have provided decent and quality work to many Filipinos, said many fall to
their impulses, especially those who will get their 13th month pay the first
time. “It’s all about a bit of planning, knowing priorities when it comes to
spending. I’ve seen many of our employees who go excited of becoming a ‘one-day
millionaire’ once they lay their hands on their money, then feel sad once all
of it are gone and they’ll ask themselves ‘what happened there?’” explains
Rhoda Caliwara, President of PALSCON.
