Using your bonus responsibly is an important decision, and it’s advisable to not blow it all on spoils and things you do not really need. 💸💰💳 finance Click the link below to see the tips 👇
You ploughed all year with the knowledge that a bonus is waiting at the end, and now it is time to enjoy it.
Receiving a bonus is an exciting event and a time for celebration to recognise the hard work you put in throughout the year, but when you spend the money, do it responsibly, says Dhashni Naidoo, FNB consumer education programme manager. Reduce your debt by making additional payments towards your debt to reduce higher interest debts first. Reducing debt helps you to save in the long run, by freeing up cash that you normally use for debt repayments.
Invest for the future. Speak to a financial advisor about investing for the future and remember higher interest rates mean the cost of borrowing is higher, but the interest on savings and investments too.
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