What Nannies Can Do with Their Holiday Bonus
It may not be as fun as buying a flat screen TV, but paying down debt is a great way to celebrate the holidays. If you have outstanding debt, especially high interest credit card debt, every bit you can pay off helps.
Next, you should think of your long-term goals. Do you have savings for retirement? Do you have an emergency fund? If you have children have you started a college fund? Why not pay your taxes early? It's better to pay what you owe for taxes now, before you are tempted to spend what you owe. Of course, you can always deposit the holiday bonus in an interest bearing account.
We recommend nannies use their holiday bonus to better their financial standing, rather than just spending it on material possessions.
How are you planning to spend your holiday bonus?