4 Smart Things to Do With Your 2017 Bonus
For many folks, December is a time to reconnect with loved ones, celebrate the spirit of the holidays, and reap the benefits of having a little extra cash. That's because the end of the year is often when companies will give out bonuses, and if yours is a sizable one, that's all the more reason to celebrate. But before you go out and blow that extra cash on something fancy but frivolous, consider these smarter ways to put that money to good use.
We're told time and time again that we need a minimum of three months' worth of living expenses in the bank to be truly protected from financial emergencies. Yet the majority of Americans don't have anywhere near that amount. It's estimated that 57% of working adults have under $1,000 in savings, while 39% have no savings at all. If you fall into either category, then you'd be wise to use your bonus to top off whatever sum you currently have socked away, whether it's a few hundred dollars or a few thousand.
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Source: Fool.com
