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Home > An unplanned bonus, oh oh....

An unplanned bonus, oh oh....

December 21st, 2007 at 05:28 pm

So I thought I wasn't going to get a bonus this year so we worked with what we had instead. Aka, I don't need this bonus at all. Not a good thing...

I know a couple of ways of using the bonus that are responsible, such as putting it in savings for future travel, making an extra payment on the debt and adding it to the house downpayment pot.

But I got to say, my friend (shop til you drop type) and even my husband (who feels guilty for agreeing to buy me so little this Christmas *rolls eyes*) are encouraging me to spend at least part of it on me.

Now you see why I take money away from myself before I ever see it. *Sigh*

I give myself an allowance monthly, I don't need this money to splurge on myself. I have plenty in the budget for splurges so that they spread out. I think I may go with my original plan to put it on debt. After all, that will save us money in the long run...

Don't you just hate temptation?

Posted in Musings | 7 Comments »

7 Responses to “An unplanned bonus, oh oh....”

  1. merch Says:
    December 21st, 2007 at 05:42 pm 1198258970
    1198258970

    I say take 10% of the bonus and have fun. Go out for a night on the town, fund a weekend getaway, blow it on an IPod....

    Then be responsible with the other 90%

    I think the issue with budgets is that people look at it as these are my needs and not taking into account some of your wants. A budget should be a tool to help you find that middle ground.

    So do something stupid with 10% and something resposible with the 90%. You won't feel as deprived and your being resposibl with most of it.

  2. merch Says:
    December 21st, 2007 at 05:43 pm 1198259004
    1198259004

    I say take 10% of the bonus and have fun. Go out for a night on the town, fund a weekend getaway, blow it on an IPod....

    Then be responsible with the other 90%

    I think the issue with budgets is that people look at it as these are my needs and not taking into account some of your wants. A budget should be a tool to help you find that middle ground.

    So do something stupid with 10% and something resposible with the 90%. You won't feel as deprived and your being resposible with most of it.

  3. Mulyanto Says:
    December 21st, 2007 at 07:38 pm 1198265919
    1198265919

    You do whatever you think is right. It is also important to be happy with how much you are spending, not just how much you spend. Personally, I probably wouldn't spend any of it, but I have grown to be happy with how much I'm spending on myself, so spending more on myself is not going to make me more happy. On the other hand, if you have been struggling to save by pinching pennies, etc, it might be worthwhile to treat yourself to something this holiday.

  4. Caoineag Says:
    December 21st, 2007 at 09:38 pm 1198273108
    1198273108

    Thanks guys, I chose debt payment for all of it. While it was momentarily tempting to spend a portion of it, I really can afford to wait for my allowance and just spend that on what I want. I am really looking forward to watching my debt drop like a rock. Big Grin

  5. Amber Says:
    December 21st, 2007 at 10:16 pm 1198275371
    1198275371

    Eventhough I did not do this with my bonus (I put the money in my house fund) I say pay off the debt, I wish I would have
    Great choice Smile

  6. boomeyers Says:
    December 22nd, 2007 at 05:56 am 1198302990
    1198302990

    Good choice! Each temptation is a learning experience!

  7. koppur Says:
    December 22nd, 2007 at 04:56 pm 1198342583
    1198342583

    Yay for you for resisting the temptation! Big Grin

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