Got a Diwali bonus? Here's how to use it wisely
1/5
Beat lifestyle inflation before it starts
Most people spend their bonus upgrading their phones or on vacations. Instead, lock away half the amount in an SIP before Diwali expenses creep in.
2/5
Hedge festive gold rush with smarter options
If gold is your go-to, you can consider investing in gold. You get exposure to gold in a number of ways like gold ETFs, or digital gold.
3/5
Turn bonus into passive income
Deploy part of your bonus into dividend-yield funds or monthly income plans. Even a modest Rs 50,000 can generate steady cash flow.
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4/5
Invest in yourself, not just assets
Upskilling through a certification or course can yield returns far higher than FDs. Your bonus can future-proof your career.
5/5
Split it into a ‘joy fund’ and a ‘freedom fund’
Spend guilt-free on celebrations with one part, and channel the other into long-term financial freedom like NPS, retirement SIPs or even a start-up idea.