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Save Or Spend? 5 Best Ways To Use Your 2021 Year-End Bonus Wisely


Main Takeaway:

  • As the year comes to a close, you may receive a bonus for your hard work.

  • Avoid squandering all of your bonus away and make a plan to use it wisely.

  • Find out how to maximize your year-end bonus with Binance Earn products.

So we’re wrapping up 2021, and you’ve just received your year-end bonus. Should you save your bonus, or spend it on the things you’ve been patiently holding out for this past year? Here are 5 smartest ways to use your bonus to derive the maximum value from your hard-earned money. 

For the uninitiated, Binance Earn is a portfolio of crypto products that you can use to earn passive income when you save or invest. The hub features simple products for crypto beginners to earn rewards on assets without any hassle. To get started, sign up for a Binance account to grow your bonus today.

1. Pay Off Any Lingering Debt

The first thing that you can use your bonus on is getting rid of debt that you currently have. This is even more important if you are carrying high-interest debts that can seriously hinder your financial health and prevent you from reaching your financial goals. Calculate your total debt and start clearing the owed payments before you consider saving or spending your bonus.

2. Build Your Emergency Fund

It never hurts to be prepared for the future, especially if you’re in a good financial position to do so now. Start an emergency fund if you don’t have one already, and beef it up periodically so that you can dip into these funds in a pinch. Having an emergency fund at your disposal will help you tide over an unexpected financial blow and avoid racking up unnecessary debt. A reliable emergency fund should contain 3 to 6 months’ worth of living expenses and be easily accessible in times of emergency. Opening a new emergency savings account with a decent interest rate is a good idea that can allow you to build your emergency fund passively. 

Binance Earn offers Flexible Savings, which allows you to easily deposit your funds, earn interest, and withdraw these funds anytime. Binance Flexible Savings is easy to set up and lets you enjoy rates that are higher than typical traditional savings accounts. Start building your emergency fund with Binance Earn to be prepared for any financial crisis ahead. 

3. Treat Yourself

You’ve worked hard through the months, and now it’s time to reap the rewards. Treat yourself for the good job you have done throughout the past year. Be it a relaxing spa or a fun getaway, integrating positive reinforcement into your life is extremely important and can help to improve your motivation for the coming year ahead. Just remember not to spend it all! 

4. Invest In Yourself

Aside from buying yourself gifts and having luxurious meals, remember to invest in yourself by finding ways to improve your skills and gain experience with your money. You can try spending some of that bonus to attend online courses and networking events that may open up new possibilities for your future. If you’re happy with your current job, it may seem irrelevant to you now, but exploring and building skills takes time and will be useful if you ever decide to switch careers or add an optional income stream to retire earlier.

5. Grow Your Bonus with Auto-Invest

For those who have exhausted the list of things and still have some spare cash left, why not try growing what’s left of your bonus to maximize your idle funds? 

Auto-Invest is a nifty feature that allows you to automate crypto investments and earn passive income, allowing users to maximize asset growth and build portfolios steadily in the long run. This feature is great for workaholics working for their next big bonus as it allows you to “set and forget”. Simply choose the crypto and amount you want to invest in, set a recurring cycle, and let Auto-Invest do the work for you. 

Earning passive income with Auto-Invest is so effortless that you can monitor and manage your Auto-Invest plans anywhere on your phone with the Binance app. For more information, check out the Auto-Invest FAQ.


It can be tempting to spend all of your bonus after an arduous year of working. However, remember that your bonus is not a lottery windfall and make the most of it by paying off high-interest debts and getting a headstart in your financial goals. Binance Earn provides many avenues if you’re looking to maximize the value of your year-end bonus. Get started on making the best use of your bonus with Binance Earn today.

For more information on how to use Binance Earn, refer to the following FAQs and guides: