nash031
Thinks s/he gets paid by the post
Some years, I save all of it. Others, I save most of it and use some to pay for home improvements (replacing a furnace, installing A/C), though this year's will likely go toward a vehicle for my wife. This will probably be the first year I don't save more than we spend out of it.
Wait, that's not true. I paid for our honeymoon with bonus money (though my "bonus" is a known amount, paid on the same day every year... it's only "bonus" in that it's over my base salary and one lump sum!).
I agree that it's fungible. We don't view it as "extra" in any way. The fact that it is a significant lump sum is the only reason it gets treated or used any differently than regular paychecks.
Wait, that's not true. I paid for our honeymoon with bonus money (though my "bonus" is a known amount, paid on the same day every year... it's only "bonus" in that it's over my base salary and one lump sum!).
I agree that it's fungible. We don't view it as "extra" in any way. The fact that it is a significant lump sum is the only reason it gets treated or used any differently than regular paychecks.