How to Spend Your 13th Month Pay Wisely | Condo Tips

Nov 24, 2021

The idea of having a 13th month is an attractive one, but the reality is that it can be tough to find worth it purchase or investment during this time. There are certain rules to follow when it comes to budgeting. When on a budget, it's important to know how much can be spent per month and what the monthly income is. Luckily, there are some creative ways to live like royalty for a few months without breaking the bank. This is the time when people can start planning for their post-work life. Here are some ways to use the 13th month pay to make a difference in the future.

Invest in a condo

Having enough money to buy a condo can be daunting - but if they have that much money, they don't have to worry about finding the perfect property. There are ready for occupancy condo properties that are available in big cities, including here are the condo in Pasig, the condo in Mandaluyong, and other condos from different cities. 

They should invest it into a property that could potentially increase in value as they move up in years and need it as an investment later on. Buying a condo in the 13th month of their pay cycle can be affordable if they know how to spend their money wisely and choose properties with low maintenance costs. Some ready for occupancy condo properties, or condo in Mandaluyong, and condo in Pasig offer low maintenance costs for their properties.

If you are moving into a new home, one idea would be to put down some money on a condo. You can use it as an investment for your income or just enjoy the steady rental income that comes from it.

The benefit of investing in a property is that they can rent the space for income while living in the property. They can also sell it when they are ready to retire or move on to bigger and better things.

One of the best benefits of investing in a condo is that you can sell it anytime. This means that if you are not happy with the rental return on your investment, you can move out and start fresh.

Buy a little something as a reward 

Giving a reward to self would pay off the hard work exerted throughout the whole year of working. People should be buying something that they really need and that reminds people of the good times and hard work put into the holiday season. For example, they may opt to buy some ornaments for their condo design, or some appliances that would level up their condo living. 

The season will come and gone and people all know the time of year where it seems like we are constantly working to make ends meet. One holiday gift they can give themselves this year is a little something to remind them of the good times and hard work put into the year-round work.

Put a percentage towards an emergency fund

It's all too easy to spend money on things that are not essential, but if they have an emergency fund, then they can avoid it by putting some of their bonus towards it instead.

It's a simple idea, but one that can make a big difference in their life. If they know they’re going to have an unexpected expense, then it's much easier to put money away for emergencies. If they don't have an emergency fund set up, then the temptation to spend on things that are not essential can be hard to resist.

Invest by taking up a skilled course

In this day and age, there is a lot of emphasis on self-improvement. It becomes increasingly difficult to keep up with the latest trends and answer all those questions from friends about what they’re good at. If someone wants to be a better version of themselves, they should consider investing in a skilled course. Whether it is learning to play the guitar, programming a new app, or learning how to cook, people are increasingly investing in themselves. They can already take up these skill courses within the comfort of their home.

The skillset they acquire can be used in their career and in their personal lives to create an enriched experience. Skills courses are no longer reserved for elite workers; anyone can take them up and reap the benefits of becoming an expert.

Start a business

It is a trend for people to start a business with their small savings. With the help of the internet, they can sell various products online and make some quick cash while doing something they love. Many people including me have started a business while living in their own condo or apartment, this will also make condo living more worth it. They can start their business by focusing on what they are best at instead of spending time on something that they don't enjoy.

To avoid any risks, it is important to do their due diligence before making any investments into your new business idea. Starting out as an entrepreneur can be difficult but that is what makes the journey all the more exciting and fulfilling.

Invest in mutual funds

Use the 13th-month pay to invest wisely in mutual funds, unit investment trust funds (UITFs), equities, real estate, and other options. Investing is an excellent strategy to increase the value of money. Just make sure to conduct some research and talk to friends or family members who have experience with the topic before purchasing.

Never too early or too late to start investing in a savings account. It's a smart move because the longer they wait the less they have at retirement. It is important to build a budget and to choose a project that fits within the budget. They also need to be aware of the potential risks involved in this type of investment.

Investing in can be a complicated and risky endeavor. It is important to understand the risks involved before making any financial decisions. It is also possible that your investment could ultimately be lost or devalued if the value goes down.

Share the blessings to people in need

It will not cost much to give back to the society they belong to. A small help to someone would create a big impact. These blessings that they will bestow to other people will eventually bounce back to them. Thus, buying something, or just simply treating someone, would be a great way to spend the 13th month pay.

To make sure they are spending their 13th month pay wisely, they should strike a balance between the things they need and want. Choose good investments that will help them grow their savings, ensure their future, or give back to society. Spending money wisely is not an easy feat. In this day and age, it's normal for us to have a lot of things people want. The problem is, so many of those things are not the healthiest choices. The good news is that it’s possible to find ways to stop spending and start saving.

If you are thinking of moving in to a new condominium, check out Vista Residences!

Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit oriented locations and developed business districts.   

At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.

Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.

In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.

For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.

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