Ways to Spend your Christmas Bonus

Are you expecting that you will get your Christmas bonus soon and unsure yet what to do with it? Bonuses are usually given by employers to their employees at their own discretion. It’s up to them how much they are willing to give – it can just be a little extra cash or a really big fat bonus that serves as a reward for your good performance for the entire year.

No matter how much extra money you get, this only comes once a year so you should definitely put it to good use. Should you spend this windfall or should you save it? Here are a few ideas on what you can do to spend your Christmas bonus:

1. Pay down your debt. You can improve your financial status by paying down your debt. If you can make a large sum payment, you can lower your principal and reduce the total amount of interest on your loans. Aside from reduced interest, it can also take off a couple of months to pay off your debt.

2. Apply to your financial priorities. It can be a great way for you to set the money aside towards your financial goals. Since this is sort of a windfall, technically you will not notice having that bonus money when you put it to building your emergency funds or retirement funds.

3. Invest in insurance. If you don’t want your family to bear the financial burden should something unexpected happen to you, you can invest your bonus in a life or health insurance protection. The ideal policy is something that should be 5 to 10 times than your annual income.

4. Use for a start-up. If you get a big chunk of cash and you are considering on having your own business, it’s also a good idea to do so for creating additional income. Nowadays, it’s difficult to rely on just one income stream so why not use your bonus to create another source?

5. Spend it on home improvement. This is another way to put your bonus to good use. Can’t find anything to fix or renovate in your home at this time? Then you can set the money aside for a rainy day. If you suddenly find a leak at a later time, you wouldn’t need to worry where you will get the money for repairs.

6. Reward yourself. You know you’ve worked hard for the entire year and you know you deserve your bonus so why not spend a portion of the bonus towards yourself? It doesn’t have to be expensive like going to the mall or going on extravagant vacations. It can be simple like playing online games which can be fun, with a chance to win some extra money and can also keep you entertained at the same time.

Having extra cash sure feels good so whatever you decide on what to do when you spend your bonus, you should enjoy it.

What do you plan to do with your Christmas bonus?

Business ideas you can start working on right away!

There are a number of business ideas you can work on right away with Limited knowledge. There are tips available on Feras Antoon to launch an online business using your spare time, and you should look at it if you want to be productive all the time.

In this post, we will motivate you to start your business right away and be happy about the efforts you take in this direction.

1. Social media marketing company

We all love to spend time on the popular social networks, and there are companies paying for it. All you need to do is to spend quality time on the social networks and make sure that you’re promoting a particular brand or person. There are social media pages that need good managers, and if you feel you’re good enough to handle them, you can come up with an entire social media marketing company. This will keep you engaged in one of the most interesting business sections.

2. Bookkeeping services

Managing accounts is easy for some and extremely difficult for many people. If you’re the one who finds it easy, there will be many people willing to give you the task of bookkeeping to ensure their accounts are in order all the time. When we talked about bookkeeping services, there are many softwares available to make your task easy. Have a look at them and decide whether you want to go ahead with it or not.

3. Dating consultant

If you want to be someone’s wingman or woman, it is an opportunity for you to help them find love and T they are dating consultant. The best part about this is you can work on it using the online medium and catered to a number of clients without meeting them personally. Being a dating consultant, you might have to write a profile for them and manage their accounts on dating sites. You can also offer telephonic updates on the client’s matchmaking status.

4. Writer

If you think you have a great story to tell and have amazing writing skills, you can strike gold because writing is serious business. There are many people earning big money as writers, and you can be one of them. However, if you feel that writing a novel is not your cup of tea, but you still have some amazing writing skills, you can always think of being a blogger or write articles for someone else. It pays money, and there are many people who are looking to outsource the task to someone else. Grab the opportunity and will be happy with the earnings.

 

Four Tips For Preventing Check Fraud

In today’s world of electronic transactions, many people still write checks. Businesses rely on checks more than individuals do. It’s estimated that check fraud costs U.S. companies $50 billion per year. If you own a business or still use personal checks, here are some tips to avoid being a victim of check fraud.

Keep Checks Secure

Never leave checks or deposit slips sitting out (or worse, visible in your car). Personal computer software, scanners, and color copiers duplicate checks easily. Also, stealing a check or deposit slip from your checkbook or going through your trash to find a canceled check is a common trick among thieves, as is stealing an outgoing check from your mailbox. Use common sense and store your unused checks and deposit slips in a locked drawer or box. Shred canceled checks, used deposit slips, and ATM receipts quickly unless you need them for tax purposes. When keeping canceled checks, make sure to lock them away.

Writing Checks

Image via Flickr by eliazar

The type of ink you write your checks with is important. Altering ballpoint or marker ink is fairly easy because the dye stays in the ink. Use gel pens instead because that ink contains particles that soak into the paper, making it harder to change the information. Never leave blank spots that allow others to add zeroes to an amount.

Always use pre-printed checks and deposit slips and double-check the account numbers when you receive your checks. Thieves commonly change the account number by one digit on a deposit slip and the money goes into the wrong account. Never make a check payable to cash because if it is lost or stolen anyone might cash it.

Business Checks

As a business owner, take advantage of all the security features available for checks. Always order from reputable check printers and ask for watermarks, fluorescent fibers, and special inks. Lock up check stock, deposit slips, bank statements, and canceled checks. Do not let the same person write checks and reconcile statements. Instead, have two people handle those jobs separately. Limit the number of check signers; the fewer signers, the less chance of fraud. Tell your bank at once of personnel changes in your accounts payable department.

Mailing Checks

Do not mail checks from home or from the street mailboxes. Believe or not, thieves steal from those big, blue Postal Service mailboxes more than people realize. Take outgoing mail to the post office. Use registered mail for checks because the Post Office keeps those letters under lock and key before delivery. Also, use proper envelopes designed for checks when mailing out. Use window envelopes that include security tabs that show any sign of tampering. Standard #10 business envelopes are too big and allow checks to move around, possibly revealing important information.

Desktop publishing software and color copy machines let thieves steal money without you knowing it. Keep yourself and your business safe by locking up checks, using standard check security features, and mailing from the post office. Keep track of your checks and lessen the chances of becoming a victim of fraud.