5 Money-Savvy Things To Do With Your Pay Raise Or Bonus This Year

Consider putting your extra cash this year to good use with these smart money tips

5. Upgrade your skills

 

5 Smart Things To Do With Your Pay Raise Or Bonus This Year 4

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With the Skills Future programme in place, you already get S$500 to buy training courses. Don’t settle for your current raise – aim to get another one. Combine your new income with the government freebie, and get certified in the right skills.

Remember to check with your employer first though. You don’t want to waste money on a course that isn’t relevant to your career, or that will have a minimal impact on your job prospect. Ask your boss what skills the company most values or needs. You should also consider building soft skills, such as leadership or expression skills, which are often needed in higher management.

 

For more tips on managing your money, read 5 Easy Expert Tips To Save Money7 Terrible Habits That Stop You From Saving Money, and 5 Effective Money Saving Tips To Try.

Text: Ryan Ong / Additional Reporting: Elizabeth Liew

This article first appeared on SingSaver.com.sg, Singapore’s #1 financial comparison platform for credit cards and personal loans.

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