Many companies have stopped giving Christmas bonuses, but now is the time for performance bonuses. What should you do with those bonuses? Well, the good folks over at the Bean Counter Blog have the answer.
Using your bonus to further your finances should be the number one priority. While it would be nice to put a pool in the backyard, the pool isn’t going to help you too much in the long run, as they don’t add much equity to your house.
If I we’re to receive a performance bonus, I would put all of it towards our debt. That is the speedbump in our financial road and we can use all the help that we can get to fully eliminate our debt.