WebNov 14, 2011 · 5 Tips on how to spend your bonus wisely: • Buy a new set of tyres and save the balance (saves on fuel and maintenance). • Pay your child’s annual school fees in advance. • Pay off at least 2 of your outstanding credit facilities and close them. • Pay a hospital plan or insurance policy upfront for a year. • Pay all outstanding ... WebJan 18, 2024 · In the case of a $15,000 bonus, $1,500 would go into your 401 (k), which may be too little for your aims. Of course, you can’t contribute more than the annual limit, so be sure to check how much you’ve contributed for the year to date. The 401 (k) contribution limit in 2024 is $22,500 for those under 50 and $30,000 for those ages 50 and up.

10 Best Ways to Spend Less at Christmas - Money Mentors

Web@niagrazzychannel WebDec 7, 2024 · Let's guide you on how you can be savvy with your bonus money: - Pay off small debts It's amazing how much money you can save on interest by just paying off your debts. Even if you can't pay off... how many chromosomes do we have in our cells

Seven ways to spend your bonus wisely - Jacaranda FM

WebOne of the best ways to say on budget this Christmas is to have a shopping list for your gift giving just like you would if you were going to the grocery store. Making a list, checking it twice, and sticking to it like Santa will help you keep tabs on how much you are spending and limit the amount that you could overspend. WebDec 27, 2024 · While we recommend saving and investing most of your bonus, it doesn’t mean you shouldn’t spend a little on yourself. Go for a relaxing massage or enjoy a staycation over the weekend – you deserve it after working hard the whole year. While your bonus can feel like a windfall, don’t treat it like one. Instead, save and invest that amount … WebJan 4, 2024 · Eat out with Friends. Having a nice dinner with friends is good; this is one way of spending your bonus because it ensures that you have fun with the people you care … how many chromosomes do we inherit