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Here’s How You Can Maximize Your 13th-Month Pay

Here's How You Can Maximize Your 13th-Month Pay
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While the holiday season may be full of expenses because of Christmas parties and the gifts you plan on buying your loved ones, there’s a silver lining a lot of Filipinos look forward to: their thirteenth-month pay. 

Under the law, Filipino employees are entitled to not less than one-twelfth (1/12) of the total basic salary earned by an employee within a calendar year. This means that your thirteenth pay is equivalent to how many months you’ve clocked in throughout the year. The law mandates that employees give out people’s 13th-month pay before December 24, which means you probably have yours by now. 

A lot of people use their 13th-month pay in order to finance the extra expenses of the holiday season. Some people use the extra moolah to treat themselves. While there’s nothing wrong with treating yourself from time to time, it pays to think wisely by investing your extra money. But how though?

As per PhilStarLife, there are many investment options out there where you can get financial returns such as the usual unit trust investment funds (UITFs), mutual funds, equity funds, and insurance. If you don’t know how to get started, you can invest your hard-earned money via GInvest. 

GInvest makes it easy for you to take control of your finances for as low as P50! But of course, fortune favors the bold, so you have a higher chance of increasing your money by investing more. Aside from investing your money, there are other ways for you to maximize your 13th-month pay: 

Enroll in online certificate courses

Invest in yourself by enrolling in online courses. There are a lot of websites like Coursera and LinkedIn Learning that allow you to upskill wherever you are. This elevates your value as a professional, and you can even put it on your resume. 

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Give yourself some care with Empath PH

The ongoing pandemic can take its toll on anyone. That’s why you should book an appointment with Empath PH. This social enterprise provides mental healthcare services that are designed specifically for Filipinos. 

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Learn something new

If you’ve always wanted to try painting or calligraphy, you can do so by enrolling in classes or buying kits to help you get started. You might even discover a new passion or hobby by getting out of your comfort zone. 

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These are only some of the ways you can make the most out of your 13th-month pay. Given how hard you’ve worked throughout the year, you deserve a little something, so why not cap off the year by maximizing your money?

Art Daniella Sison

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