Besides the holidays, what's something that we all look forward to at the end of the year?

That's right, our December bonus cheque!

If you're someone whose end of the year includes a bonus, or even a 13th cheque, then you probably think long before you spend it. Some of us deposit the amount into our bank account. Some of us go one step further and deposit into our savings. And then there’s the rest of us who spend it before January begins!

But, no judgement… it is the holidays after all! However, it may be time to use your bonus a little more productively.

Let's take a look at how you can make the most of your December bonus this year.


Invest your bonus

Investing your money is always a smart move because it's one of the easiest ways to prepare for the future. Investing your December bonus is a good way to make a positive contribution to your investment account, if you have one, and to make sure that you don't spend it all at once. If you're new to investing and don't already have an investment account, you might want to try a Tax-Free Investment. It's perfect for first-time investors.

Add it to your savings account

Alternatively, you could deposit your bonus into your savings account. It always helps to have savings that you can dig into. The best way to actively save money is to automatically pay yourself first. The MyWORLD Bank Account comes with a Savings Pocket feature that allows you to automate payments into your savings account from your day-to-day banking account.

Pay off debt

If you've been fighting the debt battle this year, then rather view your bonus as a weapon to fight back. Using your bonus to pay off debt can make a significant difference and free up your budget for the festive season. Start by making a list of your debt, including the interest rates, and plan how you will use your bonus to settle each payment.


Create more debt

Don't use your bonus to increase your debt. While it may be tempting to increase your credit limit or spend your money on things you want and don't necessarily need, these kinds of spending mistakes will haunt you in January. Rather set up a holiday budget and include your bonus in your budget as opposed to relying on it for things you otherwise wouldn't need.

Spend everything on the Festive Season

On the same note, try to allocate a portion of your bonus to your January budget if you can. As we know, anything extra goes a long way in January.


Holiday sales are tempting, but it's not an excuse to overspend just because we have the money to do so. When you go out shopping, remember to make your list at home before you leave and buy only items on your list. This is an easy way to avoid overspending.

Knowing what you plan to do with your bonus is the best way to make sure you don't spend it too quickly, and instead, put it to good use.

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