Career & Money

How to Spend Your 13th Month Pay Wisely

Don’t let that coveted 13th-month pay go to waste!

The holidays might be the most wonderful time of the year, but there’s one other thing that excites everyone during this season: that coveted 13th-month pay!

Receiving extra money is exciting, especially with the Christmas season coming up and especially in 2020, as you can treat yourself to anything you want and treat your loved ones to something special, too.

There is so much you can do with the money you’ve waited and worked hard for all year. But, of course, you have to spend it wisely. Many people tend to be blinded by the huge amount, they spend all in one go without thinking carefully. But no one wants to start the next year empty-handed, amirite?

Here are a few tips on how you can spend your 13th-month pay wisely:

Pay off Debts 

Before you start your Christmas shopping, tick this off the list and pay off all your debts first. Whether that’s from your credit card, bills or loans, being debt-free during the holidays will make it easier for you to enjoy the season more.

Start or Build an Emergency Fund 

When it comes to unforeseen expenses, it’s not enough to just depend on your income. Everyone must have an emergency fund for inevitable incidences such as hospital bills and house or car repair expenses, and you can start or build yours with your 13th-month pay.

Buy Insurance

Prepare for your future by buying life insurance for you and your family. There are many types of insurance, so you can definitely pick one that best suits your budget and goals.

Buy a Gadget 

Reward yourself! Now is the best time to buy that new smartphone or laptop you’ve been saving up for. Whether you choose to pay by installment or in one go, for sure, it will be worth it. 

PS. You might want to check out the latest postpaid phones because your dream gadget might just be on the list! 


Make wise decisions and use your 13th-month pay to invest in mutual funds, unit investment trust funds (UITFs), stocks, real estate, and more. Investing is definitely a great way for your money to grow. Just make sure to do your research first and consult friends or family experience on the subject matter before investing. 

Upgrade Your New Normal Wardrobe and Essentials 

What is Christmas shopping without a wardrobe upgrade, right? In the new normal, the fashion industry is refocusing wardrobes essential with the new closet must-haves, like PPE suits, outerwear, face shields, and face masks

Start a Business

You don’t need to have tons of money to start a business. Starting a blog or an online business, for instance, is possible with even a little amount of cash. You just need to wrap it up with perseverance and dedication to the business, and you’re good to go!

A blog can be a fun venture that would also allow you to gain money quickly. And starting up an online store can sell clothes or any goods right in the comfort of your home.

So, have you decided how to spend your 13th-month pay? Keep these tips in mind and make sure to make wise choices this season. 

Christmas doesn’t have to be expensive and it doesn’t have to be a full sacrifice. You just have to prioritize your expenses to fully enjoy the fruits of your labor this year (and the next!).

Art Matthew Fetalver

How does this make you feel?

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