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ith the festive season approaching, between setting up the table for Christmas, preparing the presents and getting ready for New Year's Eve, expenses tend to increase. If you still have some benefit balance to spend, it might be a good idea to think about how you can use in order to increase your liquidity. This is precisely the principle when talking about complements to the salary package: providing more liquidity to employees and, thus, contributing to improving their quality of life.

From the meal card to health insurance, as well as Savings and Retirement Plans, today we bring you some ideas for spending your benefit balance before the end of the year.

1) Stock up your pantry

Take advantage of the balance you still have on your meal card to shop at the supermarket for Christmas dinner and New Year's Eve. If you have the Coverflex meal card, for instance, you can use it not only in restaurants, but also in supermarkets and food delivery services.

2) Apply the balance to Savings and Retirement products

You can also use your benefit balance to invest in Savings and Retirement products directly through the app. Coverflex, for example, has available products, in partnership with Real Vida Seguros, with different levels of investment, flexibility and return, to meet different profiles. Taking into account the current context of uncertainty and economic instability, this can be an interesting app.

We take this opportunity to mention that if you already use Coverflex and are planning to set up a new Savings and Retirement product or reinforce a previously subscribed product, we ask that you do so by the end of December 26th, 2022. Between December 27th, 2022, and January 2nd, 2023, this option will be disabled in your Coverflex app.

3) Catch up on medical appointments

Maybe it's a good idea not to postpone that routine doctor's appointment that keeps slipping into the following month in your schedule. If your company offers you health insurance, take the opportunity to catch up on your appointments and ensure that this Christmas you have no health concerns. In addition, you will start the New Year without commitments or duties that you still carry from 2022.

4) Invest in your training

Another way to spend your benefit balance is by investing in your training. Don't wait any longer for the traditional New Year's resolutions: enrol now in that course you've been thinking about for some time. Learn a new language, improve your communication skills, take a pottery workshop or dive into programming. What piques your interest the most?

This is, in fact, one of the ways to invest your benefit balance with the highest return.

5) Take care of yourself

It's never too late to start taking care of yourself. Prioritise your mental health and well-being, and invest in them. You can allocate part of your flexible benefits budget to health and well-being activities, whether it's massage, physiotherapy, therapy, yoga or meditation sessions. You decide.

6) Turn activity into a priority

Another way to look after yourself is through the practice of physical exercise. And many companies allow you to allocate your balance of benefits precisely to sporting activities, whether it's the monthly fee for the gym, sports clubs, dance classes, padel courts or whatever else you like to practice. Do you like this idea? Start 2023 with new healthy habits on your agenda!

7) Improve your workspace

Do you need to purchase tech equipment? You can use your flexible benefits balance to buy technology to improve your workspace. And here's an example: Coverflex's VP of People, João Franqueira, decided to buy a virtual reality helmet to conduct meditation sessions.

8) Reduce Education expenses

With the galloping inflation and the rising cost of living, the childcare voucher can make a great contribution to reducing your family expenses. Coverflex Childcare, for example, is a social voucher used to pay for education expenses for children from zero to seven years old (excluding). The voucher can be used in nurseries and kindergartens in public, private and solidary private education.

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