Got Diwali bonus money, do not blow on unnecessary shopping, use it for benefits

Diwali bonus uses: On the occasion of Diwali, crores of employed people have received Diwali bonus from the company. But, are you using it correctly. Actually, most people blow this money in domestic expenses when they get Diwali bonus, but this thinking is not right. Because, you do not know the correct use of this Diwali bonus. You can earn well with these money in bonuses. Let us tell you the smart ways to use Diwali bonus…

Pre-payment of loan

Diwali bonus can be used to pre-pay any kind of loan. The advantage of this will be that this will reduce the principal amount of your bank loan, which reduces the EMI amount in future.

Bank FD in the name of children

A part or full amount of Diwali bonus can be invested in bank fixed deposits. You will get good interest annually on FD and this amount will increase to the next. Apart from this, this increased amount in the long term will be useful for children’s education and marriage.

Safe investment in gold

You can also use Diwali bonus in gold shopping. Investment in gold is considered the most beneficial and safe. The special thing is that the wishes of both the passion and investment of this jewelry are fulfilled. Anyway, shopping in gold is considered auspicious on the occasion of Diwali.

Emergency fund

When in life, at what point will be needed. In such a situation, it is very important to have an emergency fund, so you can use the money received in the bonus and keep it in the bank account as an emergency fund.