Diwali Bonus Tips: You have received your Diwali bonus money, use it for your benefit..
Diwali Bonus Uses: On the occasion of Diwali, crores of employed people have received Diwali bonuses from the company. But, are you using it correctly? Actually, on getting a Diwali bonus, most people spend this money on household expenses, but this thinking is not right. Because you do not know the right use of this Diwali bonus. You can earn well with this bonus money. Let us tell you smart ways to use the Diwali bonus…
Loan pre-payment
Diwali bonus can be used to pre-pay any kind of loan. The advantage of this will be that it will reduce the principal amount of your bank loan, which will reduce the EMI amount in the future.
Bank FD in the name of children
A part or the entire amount of the Diwali bonus can be invested in a bank fixed deposit. You will get good interest annually on FD and this amount will increase till the next. Apart from this, in the long term, this increased amount will be useful for the education and marriage of children.
A safe investment in gold
You can also use the Diwali bonus to buy gold. Investment in gold is considered to be the safest and most profitable. The special thing is that both the hobby of jewelry and investment are fulfilled. Anyway, buying gold on the occasion of Diwali is considered auspicious.
Emergency fund
You never know when you might need money in life. In such a situation, it is very important to have an emergency fund, so you can use the money received as a bonus by depositing it in your bank account as an emergency fund.