The Bono 14 is a mandatory annual labor benefit in Guatemala, equal to one month's regular salary. It is paid each year on June 30 and applies to all public and private sector employees with a formal employment relationship. The amount is calculated based on the average earnings from the previous working year.
While it is considered a legal right for workers, financial experts suggest that it can also serve as an opportunity to improve personal finances if managed properly.
Financial advisors recommend several strategies for making the most of this extra income. These include prioritizing urgent debts with high interest rates, such as credit card balances; creating or strengthening an emergency fund ideally covering three to six months of fixed expenses; investing in education or professional development through courses or certifications; saving with a clear purpose for personal, family, or business goals; and avoiding impulsive spending by sticking to planned budgets.
Banco G&T Continental has highlighted its commitment to supporting clients by offering personalized financial advice and digital tools. "As your trusted bank, we offer personalized advice and digital tools to help you make decisions. You can visit any of our branches or explore our online solutions," said the bank.
The institution also emphasized that the Bono 14 should be viewed not just as additional income but as an opportunity to organize finances and prepare for future needs. "Bono 14 is more than just extra income; it's an opportunity to organize your finances, prepare for the future, and continue moving forward with greater security," stated Banco G&T Continental.
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