Invest or Spend?

Acouple of weeks had passed since the regular employees of the public sector and some of the private institutions received their most awaited 13th month pay.

The question is, where’s your money now?

Perhaps some of the employees who already received their Christmas bonus will say they spent it on getting a new Smartphone, laptop, gadgets and other things they wishes to buy. Others will say that they brought their money in paying bills, loans and other monetary liabilities. In addition, some might utter that they don’t even trace where all their money was spent and it all gone in just a snap. Especially to us Kapampangans, most of us, it is a lot easier to spend money rather than investing.

Capitalizing is less to our priorities and we rather buy new gadgets, new clothes, accessories and dine in restaurants and cafés. Spending is good to economy but investing is better since it’s not just about helping our country when it comes to trade and commerce; it’s also By Carl Derrick L. Guanlao, RPm

about helping yourself to make your money grow.

Here are three tips on how to invest your 13th month pay:

1. Real Estate. You can put your bonus into a down payment for a property. One of the advantages of owning a real estate is that you can actually use it, or you can have it rented. Most of the time the value of a property will never depreciated unlike to other material possessions like cars and gadgets that decrease in value is inevitable.

2. Long Term Deposits. If investing in a property complicates

you. To make it easier for you to maximize your money as time pass by, have it deposited in a bank. Look for a bank that offers the highest percentage of interest. In addition, you can also invest your money to Government insurances like SSS and Pag-Ibig.

3. Build your own business! There are many ways to start up a business. If you’re looking for a less hassle business, you can franchise a food cart/ stall. Since the company wherein you wish to franchise will handle almost all the things you’ll need in starting up your own business but the disadvantage is that it may need a slightly higher capital compared to other business. Conversely, if you desire to make only a small capital business to start up, you can go to ukay-ukay selling since the wholesale price for these ukay-ukay clothes have been sold by the supplier per kilo in a very low price which in return you can sell it into retail. Lastly, you can do business online! Nowadays, the people had been always very busy in doing so many things and that includes work, family and personal matters. With the help of technology, most of the people now prefer to buy online since it is less hassle to them. You can set your schedule and place for meet up anytime depending on your availability and your buyer. The trend now is the seller will come for the buyer which is more convenient on the part of the busy consumer. Contrary to the traditional way of selling, the buyer will come to the seller.

Happy investing d e a r Kapampangans!