In June some Colombians enjoy an additional payment which corresponds to the service premium, a social benefit received by those employees who do not have a full salary by contract. The amount is equivalent to 30 days of salary one is paid in the middle of the year and the other in December.
In general, citizens make a diverse use of this extra income. according to a recent survey of the Federation of Merchants (Fenalco) 31% of the population uses it to answer for primary obligations, 15% allocates it to education and 12% to travel, followed by investment in leisure plans, clothing and arrangements.
(See: Comfandi would invest more than $180 million in education).
Tips to take advantage of the premium
The consulting company DataCrédito Experian gives some keys so that these resources are not wasted on unnecessary expenses.
1. Avoid spend that money before receiving itthat is, committing the money before having it in their hands.
2. Include this income within your budget: Define what you are going to allocate this amount of money for and if it is not enough for everything projected, make a list of the most urgent. In your list you must place the obligations in the first positions, that is, what is essential to survive.
(See: Differences between debit and credit card, and which one to use according to the case).
Salary.
iStock
3. If your budget allows you to make an investment in leisure activities such as travelBefore doing so, check the costs and be clear about how much money you would need to know if your premium covers everything or if you have to borrow
(See: Steps to achieve economic independence even with high inflation).
In case your premium is not enough, evaluate your debt capacity so that you do not face a large debt in the future.
4. Save, if after evaluating your expenses you have the possibility of saving a percentage of your premium, do so because you can have a ‘cushion’ in case of emergency.
5. At this time It is advisable to keep track of financial movementsTherefore, the firm says, activate notifications about the opening of accounts or new financial obligations.
(See: Investing your savings in dollars: is it good or bad? Experts advise).
BRIEFCASE
