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A $5,000 bonus?!
What would you do with a $5,000 bonus? Maybe it’s a tax refund, a work bonus, or a check from your Aunt Mable. Maybe listen to this Queer money®, then get this useful free tool 7-Step Credit Card Debt Reduction Here.
What would We with a $5,000 bonus do:
The $5,000 question
Without a plan, you might be tempted to spend the windfall on something frivolous like a trip to Las Vegas. So, let’s think about it. For example, what would you do with an additional $5,000 surprise?
In this episode of Queer money®, we share the best answers to this question from the Queer Money Facebook Group. We welcome answers that focus on financial improvements (e.g. paying off debt, investing, and saving for emergencies) and discuss how to incorporate self-care spending without overdoing it.
We talk about setting milestone bonuses when paying off debt and explain what We would come away with an unexpected bonus of $5,000. Learn why the queer community is struggling financially and how making everyday money-conscious micro-decisions is the key to improving your financial situation – whether you get a $5,000 bonus or not!
We’ve all been fed the silly fantasy that someone will come along and save us… but what saves us is that we save ourselves. – David Auten from Debt Free GuysClick to tweet
The topics included about a $5,000 bonus
The 5 best answers to the $5,000 bonus question
Pay off debts
Invest
Keep for emergencies
Travel
Repair your home
The idea of setting milestone rewards
An incentive to achieve goals and pay off debts
Keep the joy of the journey
What we would do with an additional $5,000 bonus
Go to a nice dinner, invest in a company
Some in Roth IRA + some while traveling
Why the LGBTQ+ community is struggling financially
Don’t talk about finances, focus on the 3 Ps
Earn less money (salary difference, jobs we choose)
Why You need to take steps to improve your financial situation
- Nobody is coming to save you
- Make better decisions when you take care of your money
Resources for a $5,000 bonus
