What should I do with my End of Year Bonus, 13th Month Allowances and/or Cash Gifts? - Coopital (Lekki) Cooperative Multipurpose Society Limited

The 7 smartest things to do with your end-of-year bonus

1. Beef up your cooperative contribution. Ideally, you are already putting money into your Thrift Share Capital and Thrift Savings, so cease the opportunity to really give it a big boost
2. Build an emergency fund. More than half of the world’s population don’t have an emergency fund
3. Pay off any lingering debt
4. Aim at a larger savings goal; save more and dream big as there are bigger purchases in the future e.g home, car, child graduation etc
5. Give back – benevolence, the needy, charity, relative, religious
6. Purchase an asset of intrinsic value like a plot of land in Coopital Palm Estate
7. Set aside some money for January, the toughest month of every year