27/11/2023
The 13th month pay originated in different countries as a way to provide employees with an extra month's salary to help them manage increased expenses during the holiday season. It's a form of additional compensation beyond the regular monthly salary, intended to support employees with holiday expenses, gifts, and other financial needs at the end of the year. The practice is more common in certain regions and industries.
Financial experts often recommend using the 13th month pay wisely, such as allocating it to savings, paying off debts, or investing for future goals. It's advisable to create a budget and prioritize financial goals to make the most of this additional income.
