Starting today, 2.8 million Singaporeans will learn how much they will receive from their SG Bonus benefit, either via mail or online using their SingPass. These bonuses are available to Singaporean citizens that are at least 21 years old and range from S$100 to S$300 based on recipients’ 2017 annual income. Some recipients may already know exactly how they want to use this money; however, others will have an interesting chance to put these funds to good use. In this article, we outline some great ways you can use your SG Bonus.

Pay Down Your Credit Card Debt

For those with any amount of personal debt, it may be be prudent to immediately use their SG Bonus in order to pay down these loans. This is an especially good idea for those that have credit card debt because credit card companies tend to charge some of