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

THINKING OF CREATING AN EFFECTIVE PERSONAL BUDGET? click below...