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Bonuses and Surpluses

Over the last year and a half, there has been much talk about extra money payments. I affectionately call them CoronaBucks. In the beginning of the pandemic of 2020-20--, these payments were largely necessary for people who could not go to work to earn their living. After that, for many people, they have become more of an extra than a necessity.

Without a solid plan, that extra money will be spent on extra lifestyle. Whether that be increases in general or specific one-time purchases, most of that money will not go to work for you. It is gone almost as fast as it came.

In fact, isn't that how bonuses from work are also spent? What about tax refunds? Extra paychecks? If you suddenly had a windfall of money or perhaps inherited a large sum, do you know what you would do with it?

Building a money house not only gives you a secure place from which to plan your life and your spending, it can give you guidance on what to do afterward. The boundaries are set in place and other pursuits start to melt away in importance.

If you haven't started, now is the time. Schedule a call with me today so we can start understanding what your money house looks like. That way, you can start planning bonuses and extras payments in confidence they will work for you instead of spending them away as soon as they arrive.

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