Are you getting a year-end bonus? If so, this article from Kiplinger's on how to make the most of a year-end bonus is for you. We'll cover the article in several parts -- here's the first set of ideas:
Financial triage. Extra cash should first be used to solidify your base, says F. Dennis De Stefano, a financial planner in Maui, Hawaii.
Pay off credit-card debt.
Beef up your emergency fund, if you don’t already have three to six months’ worth of living expenses in a safe and liquid account. That way you won’t have to go into debt or raid long-term savings for unexpected bills.
I'm way past these as options, but I realize many people aren't. These are certainly the foundational steps to a healthy net worth and everyone who is now wealthy once had to take these in some form or other. Don't feel bad if you're "just" at this stage. Taking care of these three issues alone puts you ahead of many people financially.
Click here to read part 2 of this series.
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