Why can ADVANCE the 13th salary harm workers?

Many workers, because they need money, choose to pay their 13th salary in advance. However, the practice may end up causing long-term losses.

Early 13th salary may seem like an immediate blessing for many, but is it worth it in the long term? The need for immediate money can cause some losses.

Therefore, before making any move, it is important to list the pros and cons of this financial decision and understand how it can affect your finances. Let’s go?

Are you thinking about anticipating your 13th salary? Understand why this might not be a good idea! / Credit: @jeanedeoliveirafotografia / pronatec.pro.br

The current financial scenario

With the proposal to bring forward the 13th salary between May and June, more than 39 million INSS policyholders are expecting to receive a jackpot of around R$76 billion.

The measure, previously adopted in 2023, aims to inject a dose of encouragement into the economy, which is facing prospects of a slowdown.

Especially considering that the majority of beneficiaries receive amounts close to the minimum wage, this extra money tends to be spent on basic necessities, promoting an increase in consumption.

The counterpoints of bringing forward your 13th salary

Despite good intentions, bringing forward your 13th salary is not a flawless solution. Firstly, this injection of money into the market can be a momentary relief for everyday bills, but it can also lead to a false sense of financial security.

Furthermore, dependence on this advance can compromise long-term financial planning, especially for those who are not in the habit of saving.

Who has the right to advance their 13th salary?

Anticipation is not for everyone. It is mainly aimed at workers with a deposit and salary credit account at Caixa, with at least 12 months of employment, as well as retirees and permanent INSS pensioners with benefits received in an account at Caixa.

It is essential to consult the specific conditions for your situation and ensure that this financial facility is within your reach.

Check out other topics: PIX for workers can exceed R$ 1,294: find out what the requirements are to receive a portion from CAIXA

Characteristics of anticipation

The advance payment allows amounts between R$500 and R$20 thousand, based on the net portion of the 13th salary or your ability to pay, whichever is lower.

The transaction matures on the date the advance installment is credited, within a maximum period of 330 days.

Furthermore, interest is pre-fixed at the rate in force at the time of contracting, added to the principal amount at the end of the contract.

The decision to anticipate

Choosing to advance your 13th salary is a decision that requires reflection and careful analysis of the conditions offered.

It is crucial to understand that this option is restricted to specific groups and that there is no guarantee of its future adoption by the government. In the future, you may end up needing the money that you will use to pay off loan installments, falling into a snowball.

Therefore, if you meet the requirements, evaluate your financial needs and the possible implications of this choice on your budget.

Think carefully before acting

Anticipating your 13th salary can be a useful tool to alleviate immediate financial stress, but it is important to use it wisely.

Before making this decision, consider your current needs, your financial goals and the long-term impact on your financial planning. Remember: the best financial decision is one that balances the needs of the present without compromising the future.

Therefore, before choosing this method, do the math, plan and ensure that this choice is truly the best for you and your family. Information is your greatest ally in navigating the sometimes turbulent waters of personal finance.

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