How do you handle your annual bonus?

Dump it all in savings? Somehow automating things? Or is it just a tough decision every year on how to split between saving and spending (esp. if sole-earner for family)?

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Doesn't matter where the money comes from - I just stay in line with my general budget. For the most part, it's likely to all be invested

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It’s a year to year decision for us. One year it went toward some major renovations on the house. One year it went toward paying down absurd student loan debt. Most of the time it goes into investing

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Usually just invest it. I used to do 50/50 invest and pay down house, but with my current mortgage at 2.75% that feels pointless

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Pre-COVID - it was 50% savings/investments; 50% travel.

Neither my wife nor I got bonuses last year so that decision is coming up. Probably will be 50% savings/investments 25% travel; 25% home improvement.

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I am over invested, so it will go in cash

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Game time decision each year.

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Bitcoin

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I’m 25 and no kids so my situation is a lot different. But I took a quarter of mine to book a vacation and saved/invested the rest. Some of it already went toward my 401k as well

We have a set amount of savings we take off the top for private equity fund commitments, 529s, and back door Roths. After that we in theory divide the remainder 50/50 for 1) more ST savings that will ultimately be spent on house / cars and 2) personal spending, including travel.

However, in practice we haven’t been spending that much so any difference goes back to ST savings. We have been avoiding lifestyle creep but should probably loosen up a bit

It is!

I bought a lululemon jacket I've been wanting. Other than that and maybe a couple other things, tucking it away for my IRA contributions for 2022.

Bought a dope road bike with half and invested the rest.

It was like $9k after tax. Spent about $5k on the bike and bought a bunch of FSKAX with the rest

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I get my bonus in early spring and use it to fund two back door Roth IRAs. Then the rest goes to taxable brokerage + buying tickets and stuff for whichever vacation we will take in the fall of that year.

I haven’t received one since I just started but definitely student loans haha

Use it to max my IRA immediately in January.

Haven’t gotten bonuses large enough for anything more… yet. 😎

10% treat yo self, 90% grow net wealth somehow (one year i used it to max out my Roth and 401k, one year I used it for principal only payments on debt)

You need a budget. :)

Speaking of, if anyone hasn’t tried YNAB I highly recommend it

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SPOILER ALERT









Cleganebowl 👌🔥

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