GOT DIWALI BONUS BUT DON'T KNOW WHAT TO DO?... HERE ARE TIPS TO use it wisely
#1 Clear Your Debt
With surplus cash in hand, the first thing you want to do is clear your outstanding loans as much as possible.
Investing in mutual funds allows you to earn returns as per your risk and return appetite and there are a wide range of options available.
#2 Invest in Mutual Funds
By topping up your existing and well-performing investments, you can increase the chances of earning better returns!
#3 Top up Investments
Use your Diwali bonus wisely by buying a health insurance cover, in case you don't have one!
#4 Buy Health Cover
Set aside some of your Diwali bonus for emergency needs..after all, you never know when one can arise!
#5 Keep for Emergencies
Upskilling yourself with a course or a workshop can pay off well in the future. So think of it as an investment and not spending.
#6 Spend on Upskilling
Use some of your bonus to add to your retirement corpus.
#7 Invest for Retirement
Lastly...go for a vacation with your Diwali bonus if your financial situation permits!
#8 Plan a Vacation
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