Whether your employment bonus check was expected or not, you now have some extra cash in your hand and a few decisions to make. When a bonus check comes into your life, it might be tempting to splurge on big ticket items or a fancy vacation. But just maybe there are some more responsible uses for that money, though. Here are just a few ideas of things that you can spend your bonus money on and some wise investment tips.
We all deserve some reward, right? This doesn't mean that you should spend your entire bonus on a trip to Hawaii or a down payment on a new sports car. But, if you've been dying for a weekend away or some new fancy gadget for your kitchen, it's ok to spend a small portion of this bonus on some short-term gratification. The rest, however, should go towards achieving your long-term financial goals.