Should you save, invest or spend your year-end bounty?

Should you save, invest or spend your year-end bounty?

Suggestion :

1) Settle debt - credit card, overdraft or maybe personal loan

2) Create an emergency fund - use for EMERGENCY only, not day to day expenses.

3) Settle your housing loan

4) Invest - equities, unit trust or property

5) Pay the taxman

6) Spend or give - holiday, jewellery, new gadgets, shopping, entertainment.

Source : The Edge