If your employer surprised you with a holiday bonus this
year, you might be at a loss of how to spend it. Since a year-end bonus is not
guaranteed, you probably didn’t include it in your monthly budget.
that home improvement project you’ve been putting off.
a lump sum payment on your mortgage.
on a massage or nice dinner to reward yourself for all your hard work.
It’s tempting to just let your bonus burn a hole in your
pocket. Depending on how you spend it, it could make a great impact on your financial
When you receive your bonus, create a budget for it so you avoid
spending it on something you don’t need just because you have some extra cash.
Creating a bonus budget can help relieve some of the stress and fatigue you might
feel at the end of the year if you’re pinching pennies and trying to make ends
Even if you’re choosing to spend your bonus in a way that
will help your financial situation, set some of it aside to spend on yourself.
It’s easy to get burnt out if you’re trying to meet your financial goals, so
splurge a little to reward yourself.