Global Courant
Having a healthy financial budget is the best and this implies respecting income and expenses, and not wasting without planning, especially when you receive extra money such as bonus 14.
According to the Superintendence of Banks, SIB, good management of personal finances will help you meet your goals, protect yourself from unforeseen events, have a better well-being and quality of life. You will even be able to take advantage of more opportunities and live with greater peace of mind.
For this reason, when there is an extra income such as bonus 14, priorities must be taken into account first, clarifies Dámaris Barascout, Consultant at the Intecap Banking, Insurance and Financial Services Training Center.
It is a limited annual income, which can be invested in many ways, but you have to focus on those that generate a real benefit, such as investment, savings, paying off any of the debts that generate pressure, payment of college registration children, travel and even invest in health, says Barascout.
The importance of saving
Difficult situations that put family stability at risk can be faced at any time. For this reason, in these times it is necessary to have an emergency fund to face economic unforeseen events and be more financially comfortable.
recommendations
Consider the following criteria when saving:
When opening a savings account, investigate the rate that they offer you, consult at least three banks in the system, taking into account the amount of money to save, the time and your personal goal, with this you can make a better decision, suggests adviser Barascout. Avoid accounts that charge for the use of your money. Ask about the maximum and minimum limits for ATM withdrawals. If you already have an account, there is more opportunity to grow your savings and earn more interest. If you plan to invest in a fixed-term account, also check the most convenient interest rate and the investment time, that money cannot move during that designated time and if the penalty is withdrawn it may be higher than the interest you thought you would receive . When you decide to withdraw your savings, it will surely be for a wise reason, such as investing it in a venture; for the study of children or own projects; deal with unforeseen or financial emergencies. Save for the future, longevity requires more resources to have an adequate quality of life, adds financial specialist Barascout, from Intecap.
Do you plan to invest?
One way to invest the money from your 14 bonus is to create a small business, or to grow one that has already started and needs a little more resources, suggests the consulting firm Barascout.
Look for a viable, real project, in which short-term benefit is seen, and does not require large amounts of money to be able to manage it, and not be at risk of losing everything.
You can also invest in some academic training, a trade or specialization, thus giving you the opportunity to improve personally and professionally. As well as taking advantage of it in health insurance or life insurance that provide economic resources in case of illness or loss of life.
Opt to open an account
Having the money in the bank in a savings account is guaranteed, it is a safer option and you have greater control by knowing how much you have deposited in it and how much to withdraw.
Access to your money today is more agile and fast, it has system bank agencies, ATMs, online movements and others.
The interest rate and the return you will get will depend on the amount of money invested, the type of account chosen and the bank.
At the same time, this opens a credit history, the bank knows about your debt capacity and your financial stability, allows you to access credit and may even have financial advice for investments.
Mistakes to Avoid
Spend without having a plan for the use of money, be careful you can be left with nothing! Pay debts and continue consuming without measuring consequences, only receive one bonus per year! If you use it to pay off a credit card debt, and you don’t know how to control your spending, it’s best to do without it, you will easily get a new debt and feel frustrated and overwhelmed again. If you want to travel and your bonus expenses have not been planned well, you may spend more than the income received and have unnecessary debt.
