Flickr image "Money Money Money" by Jainaj

One of the challenges of travelling along this journey towards financial freedom is how we manage our decisions to spend or save when it comes to year-end bonuses and windfall gains. It’s the time of year again where most employees would receive their 13th month bonus plus a bit more depending on their organisation remuneration policy. I am fortunate to work in an organisation that pays the 13th month as well as additional variable bonus.

What would you do with the year-end bonus that you receive?

Spend or Save: The Fork in the Road Towards Financial Freedom

Some people would spend all of it, some would spend some of it, some would spend little of it and save most for a rainy day. It all boils down to what is your approach towards financial freedom and whether you subscribe to the principles of ...