Got Diwali bonus money, don’t waste it on unnecessary purchases, use it for profit.

Diwali Bonus Uses: On the occasion of Diwali, crores of employed people have received Diwali bonus from the company. But, are you using it properly? Actually, after getting Diwali bonus, most of the people spend this money on household expenses, but this thinking is not right. Because, you do not know the correct use of this Diwali bonus. You can earn good money with this bonus money. Let us tell you smart ways to use Diwali bonus…

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Loan prepayment

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

Bank FD in children’s name

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

safe investment in gold

You can also use Diwali bonus for purchasing gold. Investing in gold is considered the most beneficial and safe. The special thing is that with this jewelery both the wishes of hobby and investment are fulfilled. Anyway, purchasing gold on the occasion of Diwali is considered auspicious.

emergency fund

When and at what point in life do you need money? In such a situation, it is very important to have an emergency fund, hence you can use the money received in bonus and keep it in your bank account as an emergency fund.

Tags: Diwali Gift, Investment and return, investment tips