If you were lucky enough to get a bonus this year, you are probably thinking about what you spend it on. I’d like to give a prioritized list of some smart ways to spend it:
What if you’re thinking, “But I worked hard this year and want to reward myself with a gift (ie: new flat panel tv, etc).” There is a lot of truth to this statement. Go ahead and reward yourself but I would not spend more than 10-20% of your bonus on toys. So take your first 10-20% and spend it on yourself; then check off numbers 1 – 4 on the list above.
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