5 Clever Ways to Invest Your Bonus
Simply Her Singapore|December 2016

Also known as how to keep your year-end windfall safe from a shopping spree, you won’t regret it.

Stella Thng

It’s our favourite time of the year! No, not Christmas.We’re talking about bonus season. Most companies in Singapore dole out at least the 13th month payout at this time. Some lucky souls even get a performance bonus on top of that. All these add up to a healthy bounty, but don’t be tempted to spend it all! Check out our tips for investing your hard earned money wisely.

Idea #1 Settle Your Debts Or Make A Necessary Big-Ticket Buy

First things first: clear your credit card debt, so you don’t continue to incur interest expenses. And, if you have recurrent bills or are paying anything by instalment, consider paying up the full sum. This puts your bonus to good use, and you won’t have to sweat it out over the next few months or years.

Besides saving on interest (if any), you may even get a discount. For example, if your child attends Chinese enrichment lessons at Berries World, you get a $50 discount if you pay up for the whole year in one go.

Also, when our pockets are deeper, we tend to splurge on little items without thinking about whether we seriously need them. Instead, reserve your bonus for necessary things, like getting a new family car because the one you’re currently using has been in and out of the workshop so many times, it’s become a liability. Or what about renovating that leaky toilet?

Idea #2 Put Your Bonus In A Fixed Deposit Account

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM SIMPLY HER SINGAPOREView All

Are You Stressed Out By The Festive Season?

You’re not alone. CANDY LIM, a mum of three and founder of The Fashion Collective Singapore, shares her keep-it-real strategies for surviving the holiday hustle.

7 mins read
Simply Her Singapore
December 2016

Get Foundation Right Every Time

May you always have flawless looking skin.

2 mins read
Simply Her Singapore
December 2016

5 Clever Ways to Invest Your Bonus

Also known as how to keep your year-end windfall safe from a shopping spree, you won’t regret it.

4 mins read
Simply Her Singapore
December 2016

Did He Or Didn't He?

Fake an orgasm, that is. Yes it’s not just women who pretend the sex was amazing.Here’s what to do if your man has trouble getting to the finish line.

3 mins read
Simply Her Singapore
December 2016

Awesome Parenting Tips From Yummy Mummies

These women are good-looking, stylish, and have great tips on parenting, and how to balance work and family life.

4 mins read
Simply Her Singapore
May 2016

Don't Wait Until You See The First Brown Spot!

A brightening regime is as essential as using anti-ageing skincare.

2 mins read
Simply Her Singapore
April 2016

6 Things You Need To Know About Antibiotics

There’s a lot more to these disease fighters than you think. Here’s the low-down on how to use them correctly.

3 mins read
Simply Her Singapore
April 2016

Because I'm Happy!

As in Pharrell’s infectious Happy song, clap along if you – like JAYMEE ONG – know what happiness is to you! The modelactress-host, whose favourite dance partners are her kids, shares her list of eight things that make her happy.

6 mins read
Simply Her Singapore
September 2016

Easy Ways To Perfect Hair

These tips help you get great-looking tresses every day – with very little effort.

1 min read
Simply Her Singapore
August 2016

5 Ways Your Mouth Says You're Stressed

Your teeth and gums say a lot about the state of your mental health. And guess what? Your dentist can tell.

3 mins read
Simply Her Singapore
August 2016
RELATED STORIES

Boost Profits While Saving Money

Budgeting and Inventory Management Tips for Business Owners

3 mins read
Home Business Magazine
Spring 2021

Don't waste your money on these 23 things

Avoiding unforced spending errors will let you save for the stuff you really want

10+ mins read
Reader's Digest US
April 2021

How To Build (Or Rebuild) Wealth

Our 11-part plan will help you establish a solid financial foundation or take stock of your progress.

10+ mins read
Kiplinger's Personal Finance
May 2021

Lower Your Health Care Costs

Health savings accounts help defray the cost of high-deductible health plans. They’re also a powerful way to invest for retirement.

9 mins read
Kiplinger's Personal Finance
April 2020

Plan Now to Retire Worry-Free

Are you saving enough for retirement? Our 10 steps will help you finance the lifestyle you’ve always wanted.

10+ mins read
Kiplinger's Personal Finance
February 2020

Retirement Savings For The Self-Employed

If you don’t have access to a retirement plan through your employer, you have other options.

4 mins read
Kiplinger's Personal Finance
January 2020

How to Save Money

WE’LL MAKE THIS SIMPLE: THE MORE YOU STASH NOW, THE MORE YOU HAVE TO SPEND LATER. WHO WANTS TO GET RICH?

2 mins read
Girls' Life magazine
December 2019/January 2020

Money Moves To Make Now!

Among the items on our to-do list: Trim your 2019 tax bill by pruning your portfolio and giving to charity. Boost your retirement-plan contributions. Cash in credit card rewards. We also suggest moves that will boost your bottom line in 2020 and beyond.

10+ mins read
Kiplinger's Personal Finance
December 2019

5 Ways To Max Out Your Credit Card Rewards

Play your cards right and a first-class flight, luxe hotel suite or a pile of cash can be yours.

9 mins read
Kiplinger's Personal Finance
December 2019

How To Downsize Your RMDs

You must start taking required minimum distributions from your IRA at age 70½. But you can reduce the tax bill.

8 mins read
Kiplinger's Personal Finance
November 2019