What to do with your 'Bonus Money'?

It is that time of the year, when we get annual bonus and most of us just splurge the money without saving and planning. People use bonus money for various purposes: annual vacation, buying a car, new gadget, furniture, shopping etc. For some it helps in tax planning and others to pay off loans or investments. So it depends on the individual need and the requirement. Pampering yourself with your bonus money is not a bad idea. You can save some amount of bonus money for yourself. Spending is not bad but don't over spend. "Ensure you have ticked all the boxes as far as your expenses are concerned including loans and try to maximize your saving." opines Sadagopan. You can also keep saving some part of the bonus for the purpose of household requirements/replacements. Keep some amount towards vacation for yourself and family. Also, you can keep some amount for gifts and specific events. Try to enrol yourself for fitness and health programs etc. After all, it's your hard work.