What are you going to use your bonus payment for?

December is one of the most anticipated months, the arrival of the Christmas season is always full of joy, but the parties or posadas are not the only thing that excites, during these dates the Christmas bonus is also received.

The deposit of the benefit most awaited by workers in Mexico is made in the last months of the year, there will be those who have already received a first part and others who will obtain it in the following days in a single exhibition, however what is certain is that said payment must be made before December 20, as determined by article 87 of the Federal Labor Law.

The Christmas bonus is always a small relief for personal finances, since it means an extra income, due to this, you may find yourself faced with the dilemma of what to allocate the much-desired money for, and that is that in the face of a complex economic scenario with constant increases in price in the different goods, the answer is key to have greater benefit of the benefit.

In this regard, Citibanamex recommended reflecting and planning on what the destination of the bonus will be. “It is not about depriving ourselves of gifts, parties or meetings, it is about making the best financial decisions. In this way, the happiness and tranquility of our family will last beyond Christmas dinner and twelve bells”, he indicated.

A good way to take advantage of the bonus is to pay your debts, allocating a part of the income can be the first step for financial relief, start by analyzing your debts and you can choose to settle the most important commitments or at least those that are generating greater interests.

According to a study carried out by the consultant Kantar, despite the fact that eliminating debts can mean strong benefits in a short time, such as resisting the famous January slope, only 35% of workers see this money as an opportunity to stabilize financially .

It is also good to sit down and talk with the family about some expenses, you can list the main needs that exist and define which are the most urgent to satisfy with a part of this money.

Many plan to use their bonus to spend on dinner and Christmas and New Year shopping, which is not bad, however, the important thing is to allocate a fixed amount of the bonus to cover part of these expenses, which will help you reduce the cost of the festivities.

emergency fund

The Christmas bonus can also be the key to start that essential emergency fund; The fintech Yotepresto, explained that in the face of inflation that has grown in the last 26 years to double the minimum wage, greater care must be taken with finances, therefore one option is to start an emergency fund that serves in the event of an unforeseen event.

It is not necessary to allocate all the money, according to the fintech you can allocate 20% to the savings amount, in this regard, Citibanamex indicated that if possible, you can start investing through instruments such as cetes or bonds, both Shapes are the key to starting the year off on the right foot.

Think of a taste, looking for a more effective administration is not in conflict with enjoying your effort to pamper yourself and your family, although you are not going to allocate all your bonus in this area you can always enjoy it, however remember that when paying debts, reduce the expenses of the festivities.

Creating this emergency fund can create financial stability and peace of mind.

What do I do if they don’t pay me the bonus?

The Federal Attorney for the Defense of Labor (Profedet), details that the Christmas bonus is a benefit that cannot be waived and cannot be received in kind, so if you have any questions or problems you can seek advice is the Profedet by telephone at 5998 2000 extensions 44740 and 44741 or 8009117877 and 8007172942, as well as by email at orientacionprofedet@stps.gob.mx

joselyn.ugarte@eleconomista.mx