Outlook Money
During festive seasons, employees get a festive bonus in monetary terms. If used correctly, it can be used for several other purposes.
One always looks for a bonus to plan in accordance with meeting financial needs like a gadget, replacing the car, or planning a vacation. If these things are important, then one must use bonus money to meet the needs.
One must stay within budget. Like the vacations must not depend on the size of the bonus.
Bonus is also an event when one should re-check the financial planning essentials.
As much as it is important to invest in other needs, it's also important to invest the bonus money in oneself. This can be using the bonus to get more qualifications etc.
Compiled by Syed Muskan