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  • Writer's pictureLisa Perry


Updated: May 2, 2023

We are reaching the end of 2018 – it has been a challenging year for most of us and we are all looking forward to a well-deserved break.

With holidays come extra expenses such as festive gifts, fuel bills for holiday travels, fancy food and entertainment. We also need to keep in mind, for those of us who have children – school uniforms and stationery in January,

If you happen to receive a bonus think carefully and wisely about how you will spend it.

Instead of extravagant spending on luxury items and using it all in one go, first consider these options:

  • Pay off debt

  • Reduce your monthly expenditure throughout the year by saving a portion of your bonus for annual expenses such as levies, rates and taxes, birthdays, maintenance and unexpected costs.

  • Set up an investment account into where you can save

  • Pay a lump sum into your mortgage account – you will be surprised at the costs you will save over the long run

Get in contact with PWH Wealth Group to assist you with financial planning and setting your financial goals for 2019.

“To reach our financial goals, it’s often good to remind ourselves of what is most important to us. Every person is unique, and our relationship with money is often complex. When we’re working towards something that’s important to us, we’re often more willing to work harder to reach our goal,” - Elize Botha, Managing Director at Old Mutual Unit Trusts.

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