This Friday, June 30, the deadline for companies to pay their employees the mid-year service bonus. This additional payment is equivalent to 15 days of salary per semester.
According to figures from Fenalco, 39 percent of the workers surveyed allocate this mid-year income to save or invest33 percent for expenses related to leisure and personal care, 15 percent goes to education, and the remaining workers do not specify what they use the money for.
(Also read: Mid-year premium: what is the deadline for payment and how much should you pay?)
Taking these data into account, BBVA experts explain some investment options that workers have to prevent this money from becoming pocket money and it fades quickly.
1. Pay outstanding debts: One of the most viable options for workers who have active credits or outstanding debts in their Credit cards is to make capital payments. With this measure, long-term interest is reduced and future savings are made in the payment of the monthly installment.
2. Term Certificates of Deposit: CDTs are investments with a safe return on money. This type of investment is made for a specific period that can vary between six months and one year and that has a fixed interest rate of profit.
There are currently options on the market CDT online from 200,000 pesos in the short term so that any worker can access this investment from home.
3. Investment funds: Financial entities have collective investment funds that function as resource management vehicles that allow natural persons make investments in specific assets, bonds or businesses depending on the campaigns opened by the bank. Currently there are various funds that adapt to the time needs of potential investors.
4. Purchase of shares: Although it is an option that could generate high rates of return, it is necessary to know the system very well and carry out a previous analysis of the available options to avoid losing money in volatile markets.
(Also read: Which pensioners still receive a premium in June?)
The resources obtained with CDT totaled $77.5 billion in 2016.
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5. Education: Investing in yourself is also valuable, especially when it comes to setting new career goals and increasing employment or entrepreneurship opportunities. There is a wide educational offer on digital platforms or high-quality universities that fit all needs and pockets.
6. Family activities: Another great investment for the premium is to create entertainment spaces for family enjoyment, which, although they are not rewarded in returns, promotes the emotional well-being of each of its members.
(Also read: Mid-year premium, Cyber Monday sales arrive: when are they and how to buy?)
How to calculate the premium?
To find out how much you will receive as a premium, you only need a calculator and know how many days the employee worked in six months, not only those that are counted as working days. Subsequently you must multiply that amount by the monthly salary you receive and divide by 360.
It should be remembered that the premium is a social benefit to which all workers linked to a company through an employment contract other than the one for the provision of services are entitled; corresponds to a payment of 15 days per semester worked and The deadline for payment is June 30..
