Holiday Bonuses: How to Spend Your Money Wisely

3 minutes read - November 17, 2022 - by Yondu Team
If you feel you haven’t made the most of your past bonuses, that’s alright. We’ll be sharing tips on how to spend holiday bonuses wisely.

How did you spend your last 13th-month pay and holiday bonuses?

The holidays are just around the corner, and many employees are already thinking about how to spend holiday bonuses. Shopping for Christmas presents and decor may be different this year since most restrictions to the pandemic have already been lifted.

Before starting to tick boxes off your Christmas list, perhaps you would want to do things differently this time. Instead of prioritizing shopping, you can start 

investing in your future.

In this blog, we will take you through various ways how to better manage and spend your finances, more specifically, your 13th-month pay and other holiday bonuses.

Most Common Financial Challenges

Regardless of how much money you’re making, it all boils down to your spending habits. The advent of online shopping has made it easier to spend on a whim especially with tempting promos and discounts.

Here are some typical roadblocks that keep young employees from achieving their financial goals:

Instant Gratification 

Shopping can be done anytime, anywhere these days, making it easy to buy things on impulse. You may find momentary comfort in satisfying your food cravings or shopping on a whim, but this takes you further from achieving your financial goals.


It feels good to make everyone around you happy with gifts and gestures, but it’s important to consider how this can affect your budget. As they say, it’s better to be ready for rainy days.

Emergency Expenses

We all know that an emergency trip to the hospital can easily cost a months pay, and this can definitely leave a dent on your wallet. Emergency expenses can be unavoidable, so having an emergency fund is crucial.

5 Ways on How to Spend Holiday Bonuses

Pay Off Bad Debts

It may not sound exciting, but it’s definitely worth it. One of the best gifts you can give yourself while starting out in your career is good credit standing. Later on, you would want to buy your own house and other big-ticket items, and a good credit standing will come very handy.


Financial literacy is key to a brighter future. You need to ensure that your hard-earned money is well-invested. Take the time to learn about time deposits, stocks, and other types of investments. You can also learn from a trusted mentor or a financial advisor.

You’ll soon thank yourself for learning how to spend holiday bonuses wisely.

Start Building Your Emergency Fund

Perhaps one of the worst scenarios in life is having a medical emergency with no resources to pull money from. Protect yourself and your loved ones by starting an emergency fund early. You don’t have to start big allocate small amounts regularly until you reach your goal.

If you have children or senior parents, you may want to consider signing them up for health insurance and HMO. Many employers offer HMO as part of the employee benefits package, you may inquire if you can include your dependents for an additional cost.

Set Long-Term Goals

Are you looking to have your own home or starting your own business someday? Set long term goals and commit to meeting them. Start small, think big, can go a long way.

If you are unsure what long term goals to set your sights on, you can seek advice from people you look up to like your parents, elder siblings, or teachers. There are also a lot of online resources where you can draw insight and inspiration from.

Reward Yourself

After prioritizing more important things, reward yourself, too! Allocate a budget for buying yourself something special this holiday season. This can be a much-needed day at the spa, an out of town vacation, or a new gadget anything your budget will allow you to spend on.

It’s important to show yourself some love for all the hard work you’ve put in this year, and a nice Christmas gift would be a nice pat on the back for a job well done. 

Finding the Best Fit

It’s not just about deciding on a career, it’s also about choosing the best employer. There may be tens or hundreds of companies out there, but you can’t say each one is a good fit.

As a catalyst of digital transformation, Yondu is committed to helping employees achieve their full potential both in their careers and personal lives. Check our job openings today to see if we’re the best fit.