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6 Ways to Spend Your Diwali Bonus

Getting a Diwali bonus this year? There's a lot that you can do with that extra money, so spend (or save) it wisely. -MeraJob.in

It’s that time of the year again—adding to the festivities and celebrations this time could be a promising Diwali bonus! If your employer has decided to be generous this year, then this could indeed be a splendid Diwali for you. But with all that extra money coming into your account, it’s only understandable that you’d be undecided about how you’d like to spend (or save) it.

 

Here’s what we think you could do with your Diwali bonus this year:

 

1. Pay the bills:

Running a household is not an easy undertaking. There are always bills to be paid. From the common household expenses to the heftier bills like loan installments, it’s a good idea to use your Diwali bonus to become debt-free.

 

2. Save intelligently:

If you haven’t yet figured out an investment plan, now is the time to do it. We often spend our salaries on the very basics that we can’t do without, and we’re left with little to save. With the bonus coming in, you could set this money aside into a fixed deposit or a mutual fund (or any other investment plan that appeals to you). Not only will this help you save that money, but it will also help it multiply in the long run.

 

Related: 9 ways to get the salary you want

 

3. Learn something new:

There’s no investment as great as investing in oneself. If you’ve been thinking about learning something new—playing a musical instrument, a sport, or even acquiring a new skill—then that would be a great way for you to spend this money. Acquiring a new skill is a great way to stay ahead of the competition in the job market.

 

4. Be charitable:

If there’s a worthy or noble cause close to your heart, use your Diwali bonus to that benefit.

 

5. Spend it on a gift:

A thoughtful and expressive gift is a great way to show that you care. And there’s no better time to exchange gifts than on Diwali.

 

Related: 5 unique gifts you can give your friends on Diwali

 

6. Splurge a little:

The holiday season is a great time to take a break, unwind and rejuvenate. If you’ve taken care of all the financial necessities, it’s only fair for you to spend some of your Diwali bonus on yourself. Whether it’s a fancy meal at a restaurant, or a holiday to a place you’ve really wanted to visit, your Diwali bonus can be a gift to yourself for all the hard work you’ve put in through the year.

 

Related: How to get a good performance appraisal 

 

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