How to properly use Diwali bonus:Find out how much return you can generate from mutual funds FDs if you invest it here

Every year during Diwali, most companies give bonuses to their employees. This bonus is both a gift of happiness for us and also an opportunity to improve our financial situation. However, what often happens is that as soon as we receive the bonus, we spend the money on shopping, buying new things, and fulfilling our desires. This brings happiness for a few days, but in the long run, this amount doesn’t serve any purpose for us. Lets delve into following points: Question- How should Diwali bonus be used properly? Answer- The proper use of Diwali bonus depends on your needs and priorities. The right way is to divide the bonus into three parts. This includes necessary expenses, savings and investments, and small pleasures for yourself. This will maintain the fun of the festival and won’t affect financial stability. Question- Where should Diwali bonus be used first? Answer- If you have any urgent debt or loan, it is wise to use this money first to repay it, so that the interest burden can be reduced. After this, it’s better to invest a portion of the bonus in savings and investments, such as fixed deposits, mutual funds, or gold, to secure funds for the future. Yes, enjoying the festival is also important, so it’s fine to spend some amount on shopping, family, or hobbies. Question- If your bonus is ₹25,000, how much return will you get? Answer- If your bonus is ₹25,000 and you invest it, the return depends on where you have invested it. Let’s understand this through the following graphic. Question- If your bonus is ₹50,000, how much return will you get? Answer- If you do a fixed deposit (FD) of this amount or invest in mutual funds as a lump sum, the returns can vary. Let’s understand this through the graphic. Question- If your bonus amount is ₹1,00,000 and you invest it, how much return will you get? Answer- When you invest ₹1,00,000, your returns will also be substantial. Additionally, the return depends on how long you invest for. Let’s understand this through the graphic. Question – Is creating an emergency fund with bonus a good option? Answer – If you haven’t saved money for an emergency fund, you can keep the bonus amount for your emergency fund. However, you can also get good returns on this amount. For this, you can put this amount in auto-sweep while keeping it in your savings account. Let’s say you have ₹50,000 in your bank account, you can keep ₹20,000 as base amount. While you can earn interest equivalent to FD on ₹30,000. In this case, whenever the amount in your account exceeds ₹20,000, you will get FD interest on that amount. This will keep your emergency fund ready and maintain your investment as well. Question- Should it be spent only on shopping and hobbies? Answer- When receiving Diwali bonus, the first thought is about shopping and fulfilling hobbies. There’s nothing wrong with this because the real joy of festivals comes when you give happiness to yourself and your family. However, spending the entire bonus amount only on shopping is not the right decision. It’s better to spend some portion of the bonus on necessary shopping and enjoyment, and put the remaining amount in savings or investments. This will ensure both festive happiness and future security. ​