Don't Be Reckless With Your Bonus

How to use your extra cash wisely

- Reabetswe Rabaji

MANY of us struggle to resist the urge of spending during the festive season. You will notice malls become fuller than normal and people are throwing parties. The decisions you make during the silly season will without a doubt set the tone of how you start the new year, so it is advisable to spend your 13th cheque wisely.

WHAT IS A 13TH CHEQUE?

Michail Savva, an associate financial planner from Core Wealth Advisory Services, says a 13th cheque forms part of the total package of an employee.

“It is normally specified within your contract of employment and an employee should expect this to be paid to them,” he says.