YOU DON’T SPEND ALL THE EXTRA MONEY YOU HAVE
If your company gives out bonuses and your first thought is to spend it all on a night out with expensive entertainment and gourmet dining, you may be doing it wrong.
While this extra income may feel like house money, you should think of it as money earned. Treating yourself in small doses if fine, but it also makes sense to do something productive with this influx of cash, such as adding to your investment portfolio or paying down debts.