This past week I found out that I will be receiving a bonus in June.
I wasn't sure that I would be getting one this year considering when I
started but it is a nice surprise. I had figured that it would be more
of a token amount but I was pleasantly surprised to find out that the
gross amount is much better than a token. Of course then Uncle Sam takes his very
large cut (*cough* 50% *cough*) and I am left with not much :-)
What to do with it?!
Well
while some of it will be used for travel (this is always the case with
my bonuses), I'm not really sure about the rest of it. I want to use it
in a good way. Being a good steward of what I receive is very
important to me. I could use it to pay down more of my mortgage or to
put toward saving for a new home or toward my brokerage account or ...
All good uses - none are necessarily better or worse than others as they would all help me reach some financial goals.
But
for right now I am just going to sit on it. This requires a bit of
discipline to not spend it (aside from the amount I want to use for
travel). And that level of discipline is important to have. So for now
it will stay put (well once it is paid) and I will probably make a
decision within 6 months.
Hope everyone has a wonderful weekend!
Pru
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Positive comments are always welcome. Negative comments will be deleted. Selling something - ain't gonna happen. I'm not a financial adviser and you're probably not either. Careful what you recommend.