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Thread: What would you do with an unexpected bonus?

  1. #1
    Senior Member catherine's Avatar
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    What would you do with an unexpected bonus?

    I just got a letter of recognition from one of my clients and a check for $2500.

    I'm totally surprised. DH says I should buy something because it's a windfall. My thought was paying down debt--buying off a few links of the chain that holds me back from freedom. But at the same time, it would be nice to get something tangible with part of it.

    Any suggestions?
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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  2. #2
    Senior Member herbgeek's Avatar
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    Can you do both? Put the majority towards debt and reserve a small portion for a splurge?

  3. #3
    Senior Member Yppej's Avatar
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    Save towards retirement. Use if needed due to a recession/job loss.

  4. #4
    Senior Member bae's Avatar
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    Kill debt, emergency fund, stock up on staples to fight inflation.

  5. #5
    Senior Member iris lilies's Avatar
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    Spend up to $50 For something you’ve been wanting. Throw the rest at the debt. If $50 will not fund something you’ve been wanting, then chuck it all at the debt.

    You need some tough love babe: at our age, debt is evil. It is the enemy. We do not get to spend $2500 on stuff we don’t need. I’m not a bit surprised your happy go lucky husband said this.

  6. #6
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    Agree with others... you should buy or do something special but not over the top. Put most into debt reduction ... as you said, buying your freedom.

  7. #7
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    I would take 10-20% and splurge. I would put 50% towards debt reduction, and the remaining in savings.

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  9. #9
    Simpleton Alan's Avatar
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    I think I'd use the entire amount on debt reduction and consider that a gift to myself.
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  10. #10
    Senior Member JaneV2.0's Avatar
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    I might contribute $500 to the home improvement fund, and pay down debt with the rest. Bae's idea of investing in foodstuffs with some of it is good, too.

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