Got my bonus... now what!?! Here are 6 tips to manage your yearly bonus
It's nearly bonus season for many industries and if you're lucky enough to receive a bonus in 2023, it can be tempting to immediately spend it on something fun or luxurious.
However, taking a thoughtful approach to your bonus can help you make the most of this extra income. Here are a few things to consider when you receive a work bonus:
1. Pay off high-interest debt
If you have high-interest debt, such as credit card balances or student loans, using your bonus to pay off a portion of this debt can be a smart financial move. This can save you money in the long run, as you'll be paying less in interest charges.