Smart ways to invest your bonus: How to spend your Diwali bonus? There are only two days left for the festival of Diwali. If you are employed, then you must have gotten the Diwali bonus by now. People’s faces bloom as soon as the bonus comes into their bank account. Most people spend the bonus money on all the festive works. Many buy expensive stuff. But the bonus amount should be used very wisely. If you want, you can make your future life much easier by using the bonus money. Do you want to know the smart ways to spend the Diwali bonus? Then this article is for you.
FD
If your bonus amount is high, then you can get this money fixed. You will get interest on fixed deposits, and this will increase your amount further. This money can be used for your needs later.
Emergency fund
You can also keep your bonus amount as an emergency fund. Man does not know when a difficult time will come on him; nothing can be said. Therefore, you should always keep an emergency fund with you.
House down prepayment
If you are preparing to buy a house or a property, then the money received in the bonus can be used in your down payment. Builders bring many types of offers on Diwali. In such a situation, you can book your dram house using this money on Dhanteras or Diwali.
Investing in gold
If you are a gold lover or want to secure the future, then you can also buy gold with this money. Investing in gold will also fulfill your hobbies, and its value will also increase in the future. Buying gold on Dhanteras is considered auspicious anyway.
Loan prepayment
If you have taken a loan, you can use your bonus money to prepay the loan. Prepayment reduces your principal amount and reduces your EMI burden.