As the end of the year rolls around, there’s a buzz of anticipation among working adults in Singapore awaiting the announcement of their bonuses. While it’s tempting to splurge on the latest gadgets or book a spontaneous getaway, it might be wise to hit the pause button for a moment. It’s worth considering whether you can make that bonus stretch a bit further. There’s much debate surrounding the old adage “money can’t buy happiness,” but the truth is a bit more nuanced. Yes, money can certainly provide short-term thrills; however, if managed smartly, it can also lead to long-term peace of mind. Striking the right balance between the two is crucial. So, how exactly do you juggle immediate gratification with future security? Here are five strategies to make the most of your well-deserved bonus, ensuring it pays off when you really need it.

Why rush to spend it all at once?