I have been waiting for this day for a long time ( two months). Today I got my bonus and a decent salary hike. As planned before in my recent post this is what I am going to do now
- Save 1/3 of my bonus as an emergency fund.
- Try to budget within my previous salary.
- Use the salary increment to clear off my credit card debt.
This would ensure that I get out of my credit card debt in 7 months. Then I am going to come up with a plan for clearing off my personal loan debt.
Filed under: personal finance , bonus, credit card, debt, hike, loan, salary
