April means bonus time in my company and it always is a happening month. Secretaries are coming to work with brand new SGD 2,000 handbags, expensive vacations are booked and people seemingly spend money left right and center.
I also spent my whole bonus and I did so in just ten minutes. Read on to find out how!
You probably guessed it, as this is a personal finance blog I had planned what to do with my bonus long before it arrived. I fought all temptations to inflate my already luxurious enough (my opinion) lifestyle and “spent” my bonus as follows:
- SGD 7,500 was saved to pay the upcoming tax bill
- SGD 6,000 was saved to pay for my ridiculously expensive but comprehensive health insurance for a year (I call it the “hypochondriac’s choice” for it covers absolutely everything with no deductibles)
- SGD 10,500 were invested in bond and stock index funds according to the plan
- SGD 1,000 went towards paying for my usual Europe trip in Summer
All in all quite reasonable, what do you think?
The yearly bonus payment gave a planned rocket-like boost to my investment portfolio:
The overall value of my portfolio increased by SGD 11,097, consisting of SGD 10,537 in fresh investments and SGD 560 in capital gains:
My portfolio allocation is sticking quite close to the target allocation, a far cry from when I published my first monthly update in May 2014!
So far the year is well on track with a total of SGD 16,521 invested. Thanks to the bonus I managed to invest more than half of this year’s target already in April. Not too bad!
How about you? What did you do with your bonus?