- Maxing out my 401K. This means that my full 2015 contribution will be invested in the market in January, giving me additional time in the market (that could be a blessing or a curse). I'll receive my full employer match in January as well. So, that will take care of $18,000 of the bonus.
- I'm not sure how the taxes will work, but I'll assume another $20,000 towards taxes.
- All of the rest, into savings. Approximately - $10,000.
I also feel like now is the time to confess that I did splurge a bit. I bought four lipglosses, and a wrinkle cream. Grand total of $60. I've been feeling kind of drab lately, so hopefully this helps. I love the new lip gloss, and it has SPF! Bonus, as my lips have been freckling quite a bit in the California sunshine.
It will take quite a bit of discipline to ensure that I'm saving the correct amount each month for our yearly categories. I'm excited to get the contribution out of the way early on. Has anyone else ever done this? Drawbacks? Advantages?