#bonus

Where to allocate bonus ?

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Where to allocate bonus ? Hi everyone. I’m expecting a bonus of 7.9k pre tax. So I’m guessing it will be closer to 4.2k post tax. I’m not sure where to allocate the money to. Should I pay down debt below ? I’m also saving for a wedding next year and this is about 1/4 of my budget I plant to save. Any help would be greatly appreciated. Credit Card Debt: 7.3k (no APR unti…

Reddit Personal Finance 916 2025-02-26

PTO deducted bonus percentage..

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PTO deducted bonus percentage.. Not sure where to post this but… My manager announced I will be getting 90% of my bonus due to the amount of PTO I took. Later I talked to others and every person who talked in a 50+ person group chat said they got 100%+ and took PTO. I asked my manager about this and said he spoke to many leaders and many associates got the same percentage as…

Reddit Personal Finance 806 2025-02-22

Contributing bonus to 401k & taking loan

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Contributing bonus to 401k & taking loan If I get my yearly bonus, say 20K, would it make sense to throw all or most of it into my traditional 401k, and then take a loan for some of that amount in order to pay off some high interest debt? For reference my employer does NOT match contributions. Please correct me if I’m wrong. My logic is: the interest in which I’m paying back that 401k…

Reddit Personal Finance 588 2025-02-22

What To Do With Bonus?

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What To Do With Bonus? I’m feeling bored with my current investment portfolio so I’m wondering if there is something else I can do with my bonus. I max 401k, Roths, and HSA annually. Any extra goes into a taxable brokerage account. After 10 years of filling my retirement account with every dollar I find, I really want to see if there’s anything else out there. 30 yea…

Reddit Personal Finance 1.2k 2025-02-19

Getting $19k bonus, what should I do with it debt wise?

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Getting $19k bonus, what should I do with it debt wise? 25 years old, $14k owed on my truck 6.24% but I pay $800/mo towards it. $12k owed on another vehicle $299 payment but at 8.24% (commercial rates ) and $22k in student loans avg about 5%. No CC debt and no mortgage (renting) $35k in savings and keep about $10k in checking. While doing 12% into split Roth/traditional. I am getting a $19k bonus wh…

Reddit Personal Finance 1.1k 2025-02-13

30k bonus and 22k left on car payment

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30k bonus and 22k left on car payment I will be receiving a 30k bonus soon and currently have no credit card debt. I put 20% of each paycheck into my 401k and have 10k saving at the moment. My plan was to pay off my truck 22k remaining at 5.04% interest. And then make my saving sit at 15k. Is there any reason to keep the entire 30k instead for like a large dump into the stock marke…

Reddit Personal Finance 1.1k 2025-02-12

Facebook Breakthrough Bonus

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Facebook Breakthrough Bonus Has anyone successfully been approved for this? I applied and got rejected. Just wondering if anyone possibly knows why. submitted by /u/OutintheCity1

Reddit Social Media 902 2025-02-04

What should I Do with my bonus to accelerate my debt pay offs

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What should I Do with my bonus to accelerate my debt pay offs I have accrued up debts of $10,000+ in debts over the last few years and I am striving to be debt free by the end of the year. I received a substantial bonus of $2500 this last check. I am wondering what is the smartest move. I have a car loan that I owe around $2500 on with 7% interest. I pay $260 a month right now for that. The rest of my debt…

Reddit Personal Finance 505 2025-02-04

Sign on Bonus Debt Collector

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Sign on Bonus Debt Collector I was recently contacted by Summit A*R Debt Collection regarding a sign on bonus for a previous company ($25k). I received a debt validation letter via email with the contract and everything. I asked for the original creditor’s contact information and was told no basically. That they didn’t want to contact me since they hired this company on the…

Reddit Personal Finance 994 2025-01-31

Employer bonus to 529?

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Employer bonus to 529? I am fortunate to receive an annual $30k bonus EOY. I end up netting about about $18k and was wondering if there was a better stately I might be able to apply to this bonus. What if I asked my boss in lieu of a traditional bonus to make a gift contribution of the same amount into my children’s 529’s. On my end we would see the full untaxed amoun…

Reddit Personal Finance 450 2025-01-30

Wife is getting a $3,000 lump sum bonus from her employer. We’d like to make the most of it, but at the end of the day, does it really matter where it goes?

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Wife is getting a $3,000 lump sum bonus from her employer. We’d like to make the most of it, but at the end of the day, does it really matter where it goes? We don’t have any emergent needs to need the money right now, but we’re just looking at what we can do with it Cash options: We take a cash payout. Lose $1,000 in taxes, keep $2,000. We put the whole amount into the HSA. Keep all 3,000, but then reduce the amount we pay into the HSA next year. So we still lose the $1,000, just spread out over n…

Reddit Personal Finance 1.0k 2025-01-25

smartest way to take in bonus check

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smartest way to take in bonus check Getting a $9,000 profit sharing bonus, I can allocate it to HSA, 401k and take the rest out as cash. Cash poor after home purchase, So I want more of it as cash, to build up cash/emergency savings while reducing taxable income as much as possible. What would you contribute to 401K and HSA? submitted by /u/vfr1200_

Reddit Personal Finance 751 2025-01-16

At a crossroads on how to use a winter bonus.

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At a crossroads on how to use a winter bonus. Hey all, at a bit of a crossroads. I’ve got a winter bonus coming up from my job. It’s pretty sizable, but I’m not sure how I want to go about using it towards my financial goals. The decision I’m trying to make is: Pay off my personal loans. I’ve got a little over 6k in loans that my bonus could pay off about 90% of. It would leave me close t…

Reddit Personal Finance 838 2025-01-16

Select Chase Cardholders: Bonus Offer on Grocery Stores/Gas Stations/Restaurants 5x Points Back (Up to $1K Spend; Valid 1/15 thru 3/31)

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Select Chase Cardholders: Bonus Offer on Grocery Stores/Gas Stations/Restaurants 5x Points Back (Up to $1K Spend; Valid 1/15 thru 3/31) Looks like there are some upcoming Chase My Bonus offers. I got 5x points on restaurants, gas stations, groceries on my Hyatt and Southwest branded credit cards starting January 15th through March…

Slickdeals 996 2025-01-13

How to allocate bonus money?

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How to allocate bonus money? Hello! I am expecting to receive a $15K bonus come February, and im trying to figure out the best way to allocate. My wife and I currently have: $3K in credit card debt $13,000 owed on 1 car ($245/month payment) $12K in low interest federal student loans (currently not paying on IDR plan). $1K in emergency fund $35K in retirement 401K/Pension…

Reddit Personal Finance 1.3k 2025-01-10