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12-13-2010, 03:59 PM
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Just like all extra income, 15% goes into a Frivolous Account (for vacations, concerts, wine, parties, etc) and the rest goes toward the goal that occurs the soonest (currently buying a car). Then I adjust our monthly allocation toward this goal and allocate the difference to the monthly goal that is currently underfunded (currently boosting our EF to afford a baby).
I wish we got bonuses. 
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12-13-2010, 06:14 PM
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When I used to get bonuses, I used a 10/10/80 formula: 10% charitable giving, 10% mad money, 80% extra savings (or pay down the house when there was a mortgage). None went for regular expenses, as those were covered by the regular budget.
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12-13-2010, 07:09 PM
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To the Credit Card! I know you are in a different situation than me, so if I was you, I would spend some on a trip and put the rest to retirement.
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12-13-2010, 07:31 PM
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congratulations, it's a wonderful feeling to get an unexpected bonus. All 'found'/unexpected income gets the 50/30/20 split. We had a nice lottery win earlier this year and stuck to the system.
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12-14-2010, 03:52 AM
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Well my first bonus I've paid off a personal scholar loan. I've furthermore paid off a vehicle (still have the vehicle years later). However, I would take a twosome century dollars and purchase certain thing that you actually want. Or put it in a holiday fund. Reward yourself for hard work.
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12-14-2010, 11:55 AM
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I put my bonus towards my EF.
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