Giving bonuses to workers is an effort to meet their needs in celebrating Hari Raya. The bonuses that workers get are usually equivalent to their salaries. Or as for the calculation according to the length of work.
It is important to allocate bonus funds properly during this pandemic, to avoid overspending. Here's how to properly allocate bonus funds, which is worth learning. Come on!
1. Use the bonus to Pay Debt
Set aside a bonus for the purpose of paying off debt if you do have one. This is because debt is an obligation that must be completed by someone, to avoid the accumulation of excessive interest.
If the debt is not paid on time, the interest to be paid will also increase. This will cause financial problems later on.
2. Shop As Needed
Next, how to properly allocate bonus funds is to spend as needed. You can shop for Eid needs according to your needs. Remember, avoid being extravagant even if you receive a bonus, yes!
3. Saved as an Emergency Fund
This year's bonus can be used as a productive fund by means of savings. This is to provide an emergency fund.
In his opinion, an emergency fund should be based on savings equivalent to 3-6 months of expenses.
4. Set aside a Bonus for Investment
If the emergency fund has been saved safely, don't forget to set aside bonus money for long-term investment purposes. For example, investing in electronics needed while working from home (WFH). Setting aside funds to anticipate high electricity bills when WFH is also recommended.
In addition to investing in goods or for urgent needs, you can also consider investing in financial instruments such as deposits, stocks, bonds, mutual funds, and much more.
5. Giving Alms
The last way to allocate bonus funds is to give alms. Don't forget to set aside every treasure you get for charity. Alms are basically distributed to people in need and those closest to us.
For example, if there are families who need help, there is nothing wrong with setting aside funds from the bonus to those in need.
That's how to allocate bonus funds correctly. Enjoy the bonus!
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