3. Make your money work harder
If you are debt-free and have sufficient emergency funds and insurance coverage, consider investing your bonus. Instead of letting it idle in a low-interest account, why not invest it for potentially greater gains? If anything, you’ll be able to beat inflation.
Those who have a higher risk appetite, longer investment time horizon and are already savvy investors, can consider instruments like stocks, REITs and ETFs without getting any professional advice.
For those with a lower risk appetite, or are just too busy juggling the various demands of life, you can consider engaging your trusted financial adviser to help you grow your money with a plan that fits your needs.