How to use Diwali Bonus 2022: The festival of Diwali is one of the most important festivals of Hinduism. The festival begins with Dhanteras and ends with Govardhan Puja and Bhaiya Dooj. Before Diwali, many State Governments and Central Government have increased the DA Hike. After this people will also get the arrears of the old months. Along with this, many private and government companies give bonus gifts to their employees on the occasion of Diwali. It is very important to use this bonus in the right way (Diwali Bonus).
If seen, the amount received in the bonus is very less according to the investment, but if you use it properly then it can help you a lot in the future. If you also want to use the Diwali bonus received this year properly, then we are giving you information about some great investment tips-
1. Pay off your outstanding loans
Loan is a huge financial responsibility. In such a situation, if you want to repay your loan like home loan or car loan as soon as possible, then you can use Diwali bonus for this. Keep in mind that pay off the loan first on which you will have to pay a higher rate of interest. The customers have to pay the highest interest rate on the credit card. In such a situation, you can repay your old loan with Diwali bonus.
2. Build Emergency Fund With Bonus
Financial experts advise people to always keep an emergency fund. Keep in mind that this fund should be out of your savings. This amount should be so much so that in the event of your absence from the job, you can bear the expenses of the house for 6 months. You can invest in FD, Mutual Funds, Gold, etc. options for emergency funds from where you are expected to get better returns.
3. Buy Health Insurance
If you have not yet bought health insurance for yourself, then buy it as soon as possible. Most people do not show much interest in buying health insurance, but it can prove to be a financial security for you at the time of illness. You can buy health insurance for yourself and your entire family with Diwali Bonus.
4. Increase Your Investment
If you do not want to invest in a new place, then you can increase the investment in your old scheme itself. For example, if you are investing Rs 100 in mutual funds through SIP, then you can increase it to 200 or 300. This gives you the possibility of getting good returns in future. With this, you can achieve your financial goals in less time.
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