Those who work in payroll receive money for gratification twice a year (What envy!). While many use this money to spend on temporary things, others prefer to invest it to make it grow and improve their finances. Learn three ways to grow your next bonus for Fiestas Patrias.
Pay your debts with your bonus
A person with financial education, or who wants to improve their credit history, He knows that the best thing he can do as soon as he has extra money is to pay his debts.
It is the best investment you can make with the money of this bonus and is that from now on, with your debts paid, you will have greater monthly liquidity and you can save and pay in cash for what you want to acquire.
Invest in insurance
Using your bonus money to invest in insurance could be a smart use. No one is safe from an emergency or illness and if you don’t have insurance to cover an emergency, it might be time to consider it again.
You can also invest in life insurance. Do not see it as an expense, but as a long-term investment. If something happens to you (let’s cross our fingers because not!) Your family will be protected. In addition, there is life insurance with return (same happens with accident insurance). These allow that, after a certain amount of time, you can recover all the money contributed, plus interest.
Invest in your own business
If you are one of the people who always complain that your income is not enough to save, then starting your own business with the bonus money could be a good idea. What do you say? What is the money of your gratis is not enough to start your business? Well, there is a solution! Take advantage of the bonus money to reduce the amount you could ask for when applying for a personal loan online, so you will pay less monthly interest and have the money for your business.
If you manage your own business well, not only will you be able to improve your finances, you could even just depend on it and even give work to many more people. What do you expect!
It could interest you!
– Are you going to receive your bonus? Don’t lose it all!
– This month I receive the gratification. What should I do with her?