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What is the best thing to do with my bonus next month?

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marty56
Super Contributor

Re: What is the best thing to do with my bonus next month?

Send me the money.

 

Seriously, if your job is secure, I would go after the CC debt since it would give you a FICO score boost in case you needed to buy another car, otherwise I also would go after the HELOC and then the CC debt.

1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 11 of 13
Anonymous
Not applicable

Re: What is the best thing to do with my bonus next month?

I have nothing useful to add other then, that is one BANGIN' bonus!
Message 12 of 13
Anonymous
Not applicable

Re: What is the best thing to do with my bonus next month?

My first question is:  What are your current cash reserves and savings?  If you have a minimum of 3 months reserves, preferably 6, then various previous posts all have good ideas.

 

But, if you have little or no cash reserves...put the bonus into savings for emergency funds.

 

IMO IME  Smiley Happy

 

 

Message 13 of 13
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