I received my first large bonus, $12,480. I'm excited, and hope more of these checks are to come. I'm not sure what to do with this money. How do you guys spend your bonuses?

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I give it to a guy in Nigeria who says he will double my money in 6 months

funnylike

Trying for the first time.

In a brokerage account

likesmart

Do not spend. Invest to watch it grow!

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Max your IRA if you haven’t already. Save the rest in a brokerage that you dump into VTSAX or VTI.

If you have “big” expenses in the next year, mentally earmark the funds for that. I used one bonus for an engagement ring, another for a machine gun. Don’t blow it like a fool, but also don’t be afraid to celebrate a little. Life is for living.

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I have grown more discipline with age, but when I was young and dumb I would splurge on clothes, trips, and “self care”. Now I split it all new income into 40% in investments, 40% for emergencies/ savings, 20% “fun”

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Best advice is take 20% for fun and invest the rest

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Do something nice with $480…. invest the rest ;)

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Trips to Europe and the Caribbeans

Spend 2, invest/save the rest

The advice is different for everybody. Recommend you read this book Just Keep Buying by Nick Magiulli. I have learned so many things from it despite working as a financial advisor before coming to the firm.

Easier said than done, but live off base and invest bonus

Roth IRA!

Or red

Congrats and put it into index fund!

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