A Chennai-based firm gave away 28 cars, including Mercedes-Benz models, and 29 bikes. A Haryana-based firm has promised its superstar employees two Grand Vitara SUVs and 13 Tata Punch cars.
Many companies also give generous cash bonuses to their employees. Instead of splurging the entire amount, employees must use this windfall judiciously.
"Don't spend all the money impulsively. Adopt a budgeting mindset," says Nehal Mota, cofounder and chief executive officer (CEO), Finnovate.
The budgeting approach
The bonus money should be divided into various buckets.
"You could allocate 30 per cent to electronics purchase or home upgrade, 10 per cent to a memorable family vacation, and another 30 per cent to reducing high-cost debt. Another 10 per cent could go into self-improvement and 5-10 per cent into charitable donations or gifts," says Mota. Those without highcost debt can invest the money to achieve financial goals. A budgeting approach balances the impulse to spend while addressing important financial priorities.
Bu hikaye Business Standard dergisinin October 25, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin October 25, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Loser takes all
This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.
J&K HC asks Army to pay 46 years' rent to landowner
The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.
India, UK navies to develop electric propulsion for next-gen warships
The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.
India backs Iskcon, tells Bangladesh to protect minorities
New Delhi hopes arrested monk will get fair trial
HAVING A BALL
Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?
Link UPI app to bank account with limited funds, set daily limits
Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.
Arpu gains, lower capex augur well for Airtel
Brokerages positive on stock; earnings flows may rise over next 24 mths
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.
Lock-up on ₹1.2 trn pre-IPO shares to lift in two months
Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.
Margin moderation may cap upsides for Colgate
After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.
