What to do with Your Mid-Year Bonus

A lot of employees will be receiving their mid-year bonuses this season. And I know a lot of employees already spent their bonuses even before they received it. But for those who are thinking what to do with their bonus, here are a few suggestions.

1. Put it in your savings account for emergency purposes.

2. Put it in your time deposit to grow a little bit.

3. Put them in your mutual fund and let it lay golden eggs.

4. Buy a stock you’ve been eyeing for the past few months.

5. Buy a term insurance.

6. Buy a healthcare (long-term or short-term)

7. Pay your credit card bill/s.

Material possessions will not bring you too far. Wealth is not about the things you have but actually the money you save.

~Till then.