what's everyone spending their christmas bonus on?

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MrSquished

Lifer
Jan 14, 2013
21,946
20,216
136
Being a freelance photographer and a real estate agent, there are no bonuses from anybody coming

But had a closing on a medium-sized $615K property the other day, a small closing for $350K in a few days, and then a closing for $800K tentatively scheduled for early next year. Once that $800K commission check lands, I'll probably do a little Christmas Bonus style purchase. Probably new wheels for my bike!
 

MagnusTheBrewer

IN MEMORIAM
Jun 19, 2004
24,135
1,594
126
No Christmas bonus but, my boss tosses me an extra $100 to $200 at random times throughout the year. It's a nice surprise.
 

JTsyo

Lifer
Nov 18, 2007
11,774
919
126
Just goes to the general fund. It helps pay for the holiday expenses though.
 

Tweak155

Lifer
Sep 23, 2003
11,448
262
126
Straight into the 401K to avoid ridiculous taxing.

It ultimately gets taxed the same at the end of the year (just more up front when it is paid out). But since you're at the end of the year you'd get it back pretty quickly if you do your taxes quickly.

I don't get a Christmas bonus, just a yearly in April (I think? I don't pay a ton of attention and have only been here for 1 bonus so far) but my wife's came 2 weeks ago which I forgot about, so that more than covered all of our poor financial decisions this last month

But, I did 50% of my bonus into 401k this year, I'll probably do something similar next year. If it was closer to the end of the year like this, I might take more of it though paid out.
 
Feb 25, 2011
16,822
1,493
126
It ultimately gets taxed the same at the end of the year (just more up front when it is paid out). But since you're at the end of the year you'd get it back pretty quickly if you do your taxes quickly.

I don't get a Christmas bonus, just a yearly in April (I think? I don't pay a ton of attention and have only been here for 1 bonus so far) but my wife's came 2 weeks ago which I forgot about, so that more than covered all of our poor financial decisions this last month

But, I did 50% of my bonus into 401k this year, I'll probably do something similar next year. If it was closer to the end of the year like this, I might take more of it though paid out.

Having taxes taken (or not taken) is up to you.

We get annual bonuses in March - the announcement meeting in Feb. is two minutes of the VP saying "good job folks, it's X% this year" and twenty-eight minutes of the HR person patiently explaining-and-re-explaining how and by what date/time to submit an updated I-9 to the website so you get nothing taken out of your bonus check, then another by the following Thursday to resume normal deductions before the next pay period.
 

IronWing

No Lifer
Jul 20, 2001
69,525
27,828
136
I guess if I count the last paycheck of the year reduction in the 401K contribution as a bonus, I'm spending my $14.72 on lunch for my wife and I at a roach coach.
 

purbeast0

No Lifer
Sep 13, 2001
52,930
5,802
126
My company's fiscal year ends at the end of June I believe... sooo ...yeah, I get my raise/bonus around July/August or so.... As much as I want it, I get 0 excess income in the month of November/December.

That said, when I do get a bonus I treat myself to a few beer bombers that I wouldn't normally buy that are priced $15-20 instead of $8-12.

EDIT: That said, I'm glad to say I have enough savings (and monthly income) that I never give a shit about when I want to spend money. This month we decided to replace our builders-grade carpet and HOLY SHIT is it a million times better. The house doesn't smell like shit. The carpet is nice to walk on. Definitely an awesome investment that will pay off when selling the house in a few years.
When we get our tax return this year, we're using it to rip OUT carpet instead of putting it in. When we bought our house the carpet was brand new and really nice looking. But it's in a high traffic area and now that we had a kid, it's turned to complete shit. We are going to put in matching hardwood with the other 2 floors of the house instead. Good riddance to carpet IMO. The only place we'll be keeping it in our house is the guest room (on that same floor) and in my HT because it's in my basement and cold as hell down there, has not much traffic, and for acoustical reasons.
 

TwiceOver

Lifer
Dec 20, 2002
13,544
44
91
Usually we remodel something small. Probably our son's room this year and need new garage doors.

It's always something.
 
May 13, 2009
12,333
612
126
Pay down car loan and Xmas for others. I don't give two facks about material things any longer. So buying myself stuff doesn't even register on my radar anymore. Its all crap.
 

deadlyapp

Diamond Member
Apr 25, 2004
6,609
714
126
We don't get our bonuses until March and it's questionable if we're going to get any bonus this year
 

evident

Lifer
Apr 5, 2005
11,938
538
126
no bonus, but spending a ton of money on laminate flooring for my basement, and time to rip out carpets and paint the walls. fun!!
 

BurnItDwn

Lifer
Oct 10, 1999
26,127
1,604
126
I left my annual bonus in the checking account. I'm gonna let money accumulate until I decide to replace my car. Probably some time in 2017, or maybe 2018 ...
 

clamum

Lifer
Feb 13, 2003
26,255
403
126
I won a company quality award which came with a $25 Visa gift card so I'll consider that my bonus because I don't think we're getting any (none last year and maybe year before). From everything I've seen the company is doing great, but I guess that's not reason enough for bonuses. I'm sure we'll all get huge raises though.
 
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