What would you do?

[The Mechanic]

Company bonus payout comes tomorrow it will be a big one this year Question is what would you do with it? Invest, pay a few bills or go on vacation…

 

[fuji]

Is this an either/or choice?

Pay the bills...

But how come you can't pay your bills without the bonus?

 

[Viggo Rasmussen]

Always pay bills first, but treat yourself as well with something meaningful like an hour with a 19 year old spinner.

 

[tboy]

Yeah, get out of debt. No matter how much you make on investments (doubtful these days) you'll end up paying more in interest than you'll make. Well, unless someone has a surefire way to make good ROI these days. Figure the banks are giving 1% on GICs and you'll be paying 2% per month on late payments.....

 

[Hangman]

Pay your bills and try to live within your means,

 

[chuckparker]

Throw down 85 % on your bills and have fun with the other 15 %

 

[Adam_hadam]

Hedonism III for a month.

 

[HOF]

Give to me!

 

[ang]

Max out your RRSP (depending how much), if you put $5,000 in a LSIF you get back $1,500 in rebate, then with your tax rebate pay a bill or 2, and enjoy the rest...always pay yourself first

 

[jgd]

put it in your rrsp and take your tax refund and pay down debt

 

[RTRD]

Without knowing how much money we are talking about here it is hard to answer....

For me, $1 - 5,000 would not make a significant change in my financial circumstances, so I'd just blow it.

$5 - 10,000 I would address some smaller financial commitments and maybe spend a grand on dinner and a night out at a strip joint or something.

More than that I'd actually give it some thought (investing, other commitments, etc.)

 

[danmand]

without knowing how much money we are talking about here it is hard to answer....

For me, $1 - 5,000 would not make a significant change in my financial circumstances, so i'd just blow it.

$5 - 10,000 i would address some smaller financial commitments and maybe spend a grand on dinner and a night out at a strip joint or something.

More than that i'd actually give it some thought (investing, other commitments, etc.)

lol .

 

[KatiePie]

Tuition and books.

 

[Timbit]

I'd suggest paying off bills - especially if they are of the credit card variety (18+% - yikes!!). After that - invest. But don't forget to treat yourself with some of the cash or else you'll think at some point that you deserve a reward and spend cash you don't have, putting yourself back in debt.

And is it just me or does KatiePie not have one of the greatest series of signature pictures going?

Timbit

 

[Cycleguy007]

Please ignore this post
Timbit

Did you say something?

To answer the question... in this order:

1. Pay down debt
2. Invest
3. Treat yourself

I take a bonus every year as well, and since I pretty much always live within my means and invest regularly every year in RRSP and RESP, I usually find myself a nice treat... a cruise for the whole family one year, big screen TV another year, pool table another year, that sort of thing. You work hard for your bonus (I presume) so you need to reward yourself too.

 

[The Mechanic]

I should been more clear, the only bills that I get are those for cell , TV, Bell as for working hard yes it was a he*k of a year going from one place to another just enough time to change your shorts sometimes..lol so I will invest some and tomorrow go out for some fun with some one .

Thanks to all