It’s that time of the year again! You know, performance reviews and bonus talk time! As the meeting requests start to trickle in and the closed door conversations with your boss or team come to an end, you may find yourself wondering what you should do with all your new cash (in some instances, Christmas bonuses, money you received over the holiday, or cash from your tax return).
Whether your performance bonus or holiday cash be a total $500 or $5,000, it’s important to have a solid plan in place for this money before it hits your account. It’s time to start thinking in terms of “what will give me the best possible bang for my buck” in order to help figure out what your next move should be. Here are just a few ideas to consider: