How to use your Diwali bonus wisely? Know the smart ways to spend Diwali bonus

Are you also waiting for your Diwali bonus? Most people spend their bonus money on festival related shopping, like clothes, new sofa for home etc.

Diwali Bonus: If you want, you can use the bonus money received on Diwali to make your future life better.

Diwali 2024: Only a few days are left for the festival of Diwali. As soon as this festival approaches, a different vibrancy is seen everywhere. The markets are decorated, crowds of buyers start appearing at the shops and the whole country looks decorated like a bride with colorful lights. A different enthusiasm is seen in the minds of the people about this festival and then the employed people also wait to get bonus on Diwali.

Are you also waiting for your Diwali bonus? Most people spend their bonus money on festival related shopping, like clothes, new sofa for home etc. But if you want, you can use the bonus money received on Diwali to make your future life better. Let us tell you some smart ways to spend your bonus today

1. Loan prepayment
If you have taken a loan, then you can use your bonus money for loan prepayment. The advantage of prepayment is that it reduces your principal amount, which also reduces the burden of EMI on you.

2. Investing in FD
If you have received a large amount as bonus, then you can invest this money in fixed deposit (FD). You will get interest on this fixed deposit, due to which your amount will increase even more with time. This money can be useful for you in the future.

3. Emergency fund
As its name suggests, keeping a fund for emergency. Bad times do not come in anyone's life with any prior notice. Therefore, it is important to always keep an emergency fund ready for such times. You can use the money received as bonus for emergency fund.

4. Investing in gold
If you want, you can also use this money to buy gold. Buying gold is a good option. Because while this investment can fulfill your hobby, its value will also increase with time. And then buying gold on Dhanteras is also considered auspicious.

5. House down payment
If you are thinking of buying a house or any property, then the amount received as bonus can be used to make its down payment. On the occasion of Diwali, real estate developers also come up with many types of offers. In such a situation, you can book a house for yourself by making down payment with the bonus money on Dhanteras.