As December arrives, we imagine having a lot of money from our Christmas bonus, savings account, and other extra money we receive thanks to all the work we did throughout the year. As it travels to our account, we mentally allocate each peso to gifts, renewing our wardrobe, among other things. Of course, we forget that we need to eat, pay bills, and of course, save. But it’s never too late to be responsible with your money and return to financial balance instead of sinking deeper into debt. Make the most of this year’s Christmas bonus. Here are some tips so you don’t go overboard with your expenses:

1. Pay off debts

You might think that paying off your debts is a waste, but it’s quite the opposite. Paying off debts is the best financial and emotional investment you can make with your Christmas bonus or a part of it. It’s hard to let go of the money, but once you do, you’ll feel free and responsible. It’s one of those things that help us mature, so take courage and change direction: from the shoe store to the bank. We recommend: How to take a road trip with your kids

2. Stay away from gift exchanges

Yes, it’s very nice to socialize, give, and receive gifts, but see it as a luxury you can’t afford this season. Don’t participate in every gift exchange proposed to you; nothing will happen if you don’t receive the book, the music card, or the joke underwear this year. Instead, gift yourself financial peace. We recommend: How to recycle crayons

3. Calm your shopping addiction

If money itches your hands, put on gloves or tie them up and say no to uncontrolled shopping during this season. Remember that discounts come after the holiday frenzy, and in January, you’ll thank yourself for behaving. We recommend: How to control your children's social media

4. See it as a good way to start the year

Ideas-to-take-care-of-your-bonus-4.jpgIf superstition is your thing (and even if it’s not), consider that starting 2015 with no money is the worst thing you can do. What better way for the New Year to come as abundant as your bank account?! Save your Christmas bonus at least until January; once the December madness passes, it will be easier for you to save. We recommend: Tips for newlyweds

5. Give symbolic gifts

Ideas-to-take-care-of-your-bonus-5.jpgThink about yourself: what gifts have you liked more, the ones with sentiment or the material ones? Over time, the details stick with us, and shoes end up in the trash. Bet on your creativity and love for your loved ones and look for gifts with meaning instead of interest-free months.