05/12/2015
Is 2015 bringing a bonus check to your bank account?
If the answer is yes, you’re probably already thinking about how you’ll spend it:
1. I can finally buy those custom golf clubs
2. Can’t wait to get that nice camera and a set of lenses
3. I have my eye on an expensive purse
4. I’m going to take that well-deserved luxury vacation.
It’s tempting to blow a year-end bonus on yourself. After all, you worked hard to earn it. But squandering a bonus check today isn’t the answer – instead, put your money to work for you in 2016. Get bonus checks, week after week or month after month NONSTOP.
But wait! Before you get upset and stop reading, you should know that we absolutely believe in occasional splurges. For that reason, go ahead and spend 20% of your after-tax bonus earnings on yourself. Go wild and spend this money guilt-free – before turning your attention to the remaining 80%.
Now let’s get down to business. Here are some options for putting your bonus money to work:
• Pay off or pay down debt
• Put some notes in your savings account
• Open (or add to) an Individual Retirement Account (IRA)
• But the Best of all is put your money online and let it work for you.
o Get between Rs10,000 to Rs 25,000 monthly!
