During the holidays, we all celebrate the season of giving, so people tend to be more carefree when it comes to spending. We splurge on gifts, holiday feasts, travels, and other celebrations.
Companies also hand out 13th-month pay to their employees, and some even add other holiday bonuses to show how much they appreciate their workers’ hard work and dedication. In addition, some families and friends opt to give aguinaldo to each other as presents, especially if they didn’t get the chance to purchase a memorable gift for their loved ones.
This tradition of giving gifts, bonuses, and aguinaldo leaves us with extra cash after the holidays, and as a brand-new year comes, we have a chance to start fresh and make wiser decisions.
Some people have already planned what to do with their extra money. They save it for emergency purposes, and some choose to look for the best option to open a savings account in the Philippines. At Cebuana Lhuillier Pawnshop, you can open an account without paying for a maintaining balance. So, if you have the same plans, you can reach out to us to get started.
For those who haven’t thought of what they want to do with their bonuses, here is a list that can help you decide what to do with your additional money:
You wouldn’t receive additional pay and bonuses if you didn’t do well last year. For sure, there were days when you chose to work instead of taking breaks. Family events and catch-up sessions with friends were postponed or skipped because there was just no time to attend them.
A little self-love wouldn’t hurt, and you owe it to yourself to take a moment and enjoy what you’ve worked hard for. There are numerous ways to reward yourself, so think of what you want to do the most. Some prefer to take a vacation alone and just relax by the beach. Others choose to sit at home, read their favorite book, sip coffee, and chill for the rest of the weekend.
Whatever you have in mind, don’t feel guilty to spend your bonus on yourself. After all, addressing your needs and wants will inspire you to do your best again this year.
Start a New Hobby
It’s never a bad idea to start a new hobby. It challenges you to break out of your routine and try exciting things that will spark new joy in your life. Your new hobby doesn’t have to be a complicated one. You can simply invest in new art materials to start drawing or painting. Or, if you’ve been meaning to learn an instrument, you can also purchase one and watch online tutorials.
Additionally, hobbies don’t always mean learning different skills. For some, collecting jewelry pieces and showcasing them in a brand-new jewelry box is their way to de-stress and further enjoy the bonuses they’ve received.
Enroll in Short Courses
In this fast-paced world of ours, continuous learning will always benefit you. Use your bonus to enroll in short online courses that will bring new opportunities and career advancements for you.
This can be related to your work or a completely new subject that you want to learn. For instance, if you are an IT Engineer, you can take short courses about technical privacy. On the other hand, if you are an admin assistant, you can expand your knowledge on other things like baking or cooking lessons.
These courses will let you explore more fields and get the chance to use your new knowledge and skills to earn more in the future. Your extra money might not go into your savings account now, but it can definitely help you save more in the future.
Donate to Your Preferred Charity
If you feel like you’ve been more than lucky last year and you know your bonus can help other people, you can try donating it to your preferred charity. Giving back to those in need and knowing that your money will help feed, clothe, and put a roof over someone’s head is truly a heartwarming reward.
If you’re donating to someone you personally know, you can encourage them to open a savings account in the Philippines with the money you will give. This will allow them to save the funds for future use and help them organize other donations they may receive.
Invest in a Side Business
The COVID-19 pandemic has taught us one important lesson; having another source of income aside from your full-time job is a must. This is why investing your extra cash in a side business is the smartest thing you can do.
More people are now in favor of opening their own businesses rather than just spending their money on other things. They open up laundry shops, water refilling stations, small restaurants, coffee shops, and more.
Think of an establishment you can open without going through so much hassle. Start small, and from there, you can gradually grow your small side hustle into a full-blown business where you can employ and help other people in the future.
Open One of the Best Savings Accounts at Cebuana Lhuillier
Having extra money is a privilege that no one should ever take for granted. May it be from your bonuses during the holiday season or from your salary, everyone should think carefully about how they can make the most of it.
If you choose to spend it on yourself, make sure that it truly brings joy to you and further inspires you to work harder. However, if you decide to give it to charitable organizations, make sure that it comes from your heart and fulfills your desire to help those in need.
There are more ways to spend your holiday bonuses. So, if you are still clueless about what you want to do, you can simply place your money in the best savings account in the Philippines. Here at Cebuana, we offer Micro Savings to make banking accessible to all Filipinos. We can provide you with a savings account that doesn’t require a maintaining balance.
If you are interested to learn more about our company and what we offer, feel free to get in touch with us today! We look forward to hearing from you.