Do not be sad if you did not receive a Christmas bonus, plan your ratification for 2023

If you are one of the people who only observes the festivity and the joy that receiving the bonus causes because you are an entrepreneur, freelance, independent worker, in itself an active person but who did not receive a bonus, take a deep breath and plan so that in 2023 it does not happen to you .

There are financial tools that can help you save for next year’s bonus and that in December 2023 you can have this benefit created by you through constant contributions.

The first thing you must define is how much you want to accumulate as a Christmas bonus. In accordance with the Federal Labor Law, the standard amount of this benefit is the corresponding 15 days of your monthly salary, so you can average, according to the income you receive, how much you want it to be, if you want it to be for a fortnight or more days. Remember that the amount you will accumulate for this purpose is your decision.

For example, there are some government entities where the Christmas bonus is 40 days. If you set your mind to it and based on your income and the possibility of saving, you could manage to give yourself that amount.

How much to save?

If you decide that your bonus for 2023 should be 20,000 pesos, divide that amount by 12 and the result is 1,666 pesos per month, an amount that you should save each month to accumulate 20,000 pesos at the end of the year. You can choose if you decide to make the monthly, biweekly or weekly contributions.

Secondly, what you should choose is the financial tool that you will use to create your own 2023 bonus. Currently there are a wide variety of alternatives to save/invest your money in terms that can be from 28 days, three months, six, 12 or up to 24; In this case, if you start your “2023 bonus” plan this week, you can opt for a 12-month term.

Where to do it?

The financial institutions available for this purpose can be from Cetesdirecto, which has within its platform a section designed for recurring savings where there are various savings challenges and three of them are for people to plan their own Christmas bonus. For example, there are 15,000 pesos where 25 charges or contributions of 600 pesos are contemplated within a period of 11 months and 29 days starting from this December. Another of the bonus challenges is one of 10,000 pesos with 12 charges of 833 pesos and one more than 20,000 pesos with 12 charges of 1,666 pesos. These projections do not contemplate the payment of interest, so the amount at the end could be more, depending on the interest rate being paid.

There are also popular financial companies, known as Sofipos, such as Finsus and Kubo Financiero, among others, where you can open an account from your cell phone and start your planning of recurring contributions, but you must carefully review the terms to which you will be contributing. This is important because if you choose terms that exceed December 2023, you will not be able to obtain the money until the established expiration date.

Apart from these financial entities, there are the digital platforms of Brokerage Firms and some fintech, where you can save/invest so that at the end of next year you can make up your Christmas bonus.

It is important to consider that the contributions that will be made should preferably be direct debited, that is, that they be discounted within the established term of your account and in this way you do not forget to make a contribution or the record is more efficient.

Before defining which institution you will start the plan or goal: bonus 2023, you must compare the yields they grant, check that they are in line with or above how inflation is, which until the end of November was at 7.80% and also reviews the Total Annual Earnings (GAT), which is the actual yield discounting the costs retained by the financial institution to obtain the yields offered.

Another important element to consider is that the entity where you decide to start this savings is legally constituted and this information can be consulted in the Registry System of Financial Services Providers (Sipres), within the Condusef page.

yuridia.torres@eleconomista.mx