The holiday allowance or often referred to as the 13th salary is usually given by the company to its employees ahead of Eid al-Fitr. For most people, THR is used to buy new clothes or basic necessities on Eid. However, not many see THR as the key to getting out of debt problems. Inappropriate THR allocations sometimes even make you apply for debt to meet your needs during Eid.
Indeed, ahead of Eid al-Fitr many expenses must be borne, starting from the increasing price of basic necessities, the cost of homecoming is not small, to spending on the E-day of Eid. For those of you who have credit card debt or KTA debt, of course your debt will be a burden as long as you spend the Eid holiday in your hometown. With THR you receive, you can get new opportunities to start your days without worrying about debt.
Usually you will get THR from the company with the following calculations:
(Work period x salary nominal per month) / 12 = THR amount you receive
You get a salary of Rp. 6,000,000 per month and you have worked for 7 months, so the amount of THR you get is: (7 months x Rp. 6,000,000.00) / 12 = Rp. 3,500,000.00
If you have worked for more than a year in your company now, then the amount of THR you get is 1 time your monthly salary.
With the THR calculation you receive
You should be able to plan your 13th salary distribution well, even long before you receive THR so you can make the best use of THR. If you have credit card debt or KTA debt, one of the best steps to take advantage of THR is to allocate it to pay off your debt. In this month of Ramadan, banks offer relief programs for those of you who want to pay off your credit card debt or your KTA debt. Lightening programs such as rescheduling or deductions for those who want to pay off your debt at once. The THR that you get you can use to pay DP reschedule (which is usually 10% of the remaining debt or 1 month installments for KTA) or to pay off your debt directly. You can use the programs offered by this bank to get out of debt
Quoted from DKFinance, financial planner explained that the priority scale for THR must be carefully planned. Of the total THR received, 30% can be allocated to pay debts. The allocation that can be deducted to be transferred to debt repayment is the vacation allocation, because the allocation for the needs of Eid is basically inviolable. With a percentage of 30% of total THR, you already have enough funds to move one step closer to debt-free life.
As a company offering debt repayment negotiation services with banks
GGC Finance international Indonesia is here to help you who want to negotiate your debt. With a team that has experience handling various KTA credit and debt card debts, GGC Finance can help you get out of debt and start a new start. You can also consult for free about your credit card debt or KTA debt problems with us.
How? Are you now starting to think about allocating your THR to pay off your credit card debt or your KTA debt? If yes, congratulations! Your smart move will lead you to a new beginning, which is debt free life.