• Written by News Company

One of the best strategies to spend your extra money is to save and invest it in order to receive higher returns in the future. However, buying something valuable would also be a wise option if you happen to spend 15% to 20% of your savings or bonuses.

Well, if you are puzzled as to how to go about on using your extra cash or bonuses that you received recently, here are a  few points that might help you in the optimum utilisation of your savings. Let us discuss them in detail.

Clear your high-rate debt

If you are owning a credit card or if you haven’t covered your loan amount yet, then, bonuses are indeed the best means to pay your credit card and loan interest. You aim should eventually focus on eliminating any debts carrying interest that is higher.

You can also invest your savings in stock as they pay high returns. The sum that you receive from stocks can be utilised in paying your interests. This what we call optimum utilisation of resources.

If you are passionate about gaming, then, you can also try your luck by playing at an online casino like Extra Vegas with a little money and if it turns out to be your day, you might end-up in clearing all your debts. Again that’s a gamble just like a lottery. The bonuses that you receive on playing these games can also help you earn a decent sum which can be used to pay your interests.

Long-term investment is the key

It is tough for the young generation today to adapt to this concept as a majority believe in living in the present and enjoying life to the fullest possible extent. Long-term investments are all about saving for the future.

You can begin your long-term investment journey by maximising your tax-advantaged retirement accounts by contributing a certain amount in the plans such as 401(k), a Traditional IRA, or a Roth IRA.

Lessen your tax bill

You can minimise your tax bill by investing in plans like 401(k) or traditional IRA. Contributing a specified sum in these plans can certainly maximise your savings. Think wise and invest smartly.

Spend your savings on something valuable and precious

Spend your savings or bonuses on something valuable which is sure to give good returns in the future. Well, you could also spend your savings and bonuses on buying a good pair of jeans, a new handbag or a trip to your favourite place depending on the money you have left with.

Final say

There are numerous ways and techniques to save your extra cash and bonuses. All you need to focus on are the means which are suitable for you. Investing the funds in the right channel is not everyone's cup of tea. You can do it efficiently only with a lot of research and analysis and by closely examining your needs and requirements. Spend smart. Save more.


George Neophytou supports roads funding and more

Independent candidate for Gippsland East George Neophytou has pledged to support completion of duplication of the Princes Highway between Traralgon and Sale and to upgrading of the Sale alternative ...

Scott Morrison interview with Alan Jones

Belt and Road Initiative; Law and order in Victoria; Queensland infrastructure; Power prices; Paris Agreement; Immigration; Negative gearing.   ALAN JONES: Prime Minister, good morning.   PRIME ...

George Neophytou a real force to stop the Fingerboards Mine

George Neophytou a solicitor contesting the election as an Independent Candidate has been an activist against the Fingerboards Mineral Sands Mine for over two years. His track record shows ability a...

Business News


Hussh . . . The Secret is Out Your exclusive invitation to 9 massive warehouse sales this week The secret to huge savings is shopping directly from the warehouses of Australia’s biggest wholesa...

Web Wisdom - Simple Ways to Increase Sales as an e-Commerce Website

The online marketplace is a virtual paradise for consumers who love a bargain. Today’s e-commerce has become so evolved that consumers not only have purchasing power, but they also can influence maj...

Digital marketing agencies are fudging the numbers and distorting the outcomes for their clients

Many digital marketing agencies manipulate reports to make themselves look good, offering vanity stats that really provide no benefit to their clients. One of the most common mistakes companies make...


Pet-Friendly Summer Destinations in NZ

No one wants to leave their pet at home and why should you have to? When it comes to traveling around in a campervan hire New Zealand, you may not want to live your precious animal back home. You shou...


DON’T GET SLUGGED WITH THE SIX-HUNDRED-DOLLAR CHRISTMAS TAX Revealed: traditional car rental companies charging 3.3 times more to rent a vehicle over Christmas A comparison of rental costs per day...

Looking for a Romantic Destination? Here’s Why the Philippines May Be Perfect for You

Image Source: https://pixabay.com/en/couple-man-woman-girl-guy-love-2585328/Perhaps, you want a spot to celebrate your honeymoon after several months of wedding planning. Or, maybe you are just loo...