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With the arrival of the Christmas bonus in december, many salvadorans have the opportunity to improve their financial situation. Although it is an additional income, this benefit can also become an excellent tool to plan for the future and make decisions that positively impact personal finances. For this reason, Crecer, a leader in savings and investment, shares six key recommendations to make the most of this extraordinary income.
- Consider the Christmas bonus as an annual savings: The Christmas bonus is the result of a year’s work, so it should be seen as a form of accumulated savings. Taking advantage of it properly is fundamental to turn it into a resource that works in favor of the person.
- Prioritize debt reduction: If you have debts, whether from loans, credit cards or other commitments, it is recommended to allocate part of the Christmas bonus to reduce them. Early payment of debts helps to reduce interest and improves long-term financial stability.
- Save and invest a percentage of the Christmas bonus: It is advisable to allocate 20% of the Christmas bonus to long-term investments. Crecer offers investment alternatives with attractive returns, adjusted to the risk profile of each person, which will allow obtaining benefits in the medium and long term.
- Allocate 30% for responsible personal expenses: Although it is important to enjoy the holidays, it is suggested to allocate no more than 30% of the Christmas bonus to celebrations and gifts. This will allow enjoying the season without compromising the long-term budget.
- Diversify investments: It is not advisable to concentrate all savings in a single option. Diversification helps to balance risks and maximize returns. Crecer offers plans such as the Conservative Voluntary Pension Savings Fund, with returns of approximately 6.19%, and the Moderate Fund, with returns close to 8.94% (based on data from january to july 2024).
Through Crecer’s voluntary savings plans, users can access a series of benefits designed to improve their finances in the coming year. These benefits include: the ease of making contributions, immediate availability of funds, expert guidance, tax savings that allow them to deduct up to 10% of their annual income on their next income tax return by maintaining contributions for five years, and participation in local and international investment portfolios, among others.
- Consult with an expert advisor to make informed decisions: Receiving reliable and expert information is very important to evaluate the available alternatives. That is why at Crecer you can receive guidance from an expert advisor who can guide you in opening an account in any of the Crecer Plans. By calling 2210-2150 or writing to atencion@crecer.com.sv it will be possible to learn about a world of opportunities.
“Investing the Christmas bonus is an excellent opportunity to improve personal finances. At Crecer, we offer flexible investment plans, adapted to different risk profiles and investment horizons. Therefore, we invite everyone, employees and independent professionals, to receive personalized advice to identify their investor profile, open their account, allocate part of their Christmas bonus and take the first step towards building their wealth”, said Ingrid Rodas, Crecer’s Client and Brand manager.
