For some companies, mid-year is a time to share the bonus. This moment is certainly highly anticipated by employees who already have specific plans with the money he would receive.
Bonuses are used for various purposes. There are uses for fun, there is also a wish to take advantage of the way in a tube or investment.
Although the annual bonus is the result of hard work personally, but you should be aware that there are many annual and future needs to be prepared. For example expenditures vehicle insurance, life insurance, education insurance, and vehicle taxes.
In order not to lose your way, you are advised to take advantage of the annual bonus wisely. The survey involving 767 respondents revealed some interesting facts about the way they use it wisely.
It turns out the largest portion of which is 17.6 percent of people choose to make a down payment on the house you want to purchase. Total annual bonuses that can reach a multiple of monthly salary is a nominal fee that is sufficient to pay or increase the down payment of the house. In addition to high occupancy requirements, return on investment or return on investment value received is also likely to be stable to be used as investment products.
2. Pay Debt
After that, around 16.6 percent and 16.3 percent of respondents give priority to repay debt and increase emergency fund. Then about 11.6 percent of people choose to do the repayment of the mortgage.
In the midst of a difficult financial situation predictable, pay off debt and setting up an emergency fund is a wise choice that is not less important. Some people are often careless to leave their bonus amount for the priority on this one. Yet amid inflation and interest rates continue to rise every year, you will be more difficult to pay off debt.
Meanwhile, the number of emergency funds ideally is six times the total monthly expenditure. That way, if there is an emergency such work by the company terminated or laid off (Termination of Employment Rights), you still have enough savings for living expenses for six months, while looking for a new job.
3. Other investments
Recently, about 9.5 percent of people choose to invest in gold and set aside 9.5 percent of deposits. Gold and deposit investment products is still a favorite of most people. Both are considered safe and can give back short-term capital gains.
In addition to gold and deposit, you can also try out the mutual fund investments. With yields on long-term, mutual funds are divided into several types. The first mutual fund shares that are recommended for a period of 5-10 years, then mixed funds and income funds which the period is around 3-5 years.
Even so, you still have to be careful. Check carefully, not to carelessly enter into high-risk investment products.
So, how are you going to take advantage of an annual bonus this time? Hopefully the above description may inspire.