Money Management - What to do with your year-end bonus?

Tomorrow, there will be an article in thesundaytimes on Money Management - What to do with your year-end bonus?

But for me it is a different question - What to do with my last year bonus?

After experiencing my first pay-cut and zero bonus during 1997/1998 Asian financial crisis, and thereafter I have decided upon on this strategy - keeping the full current year-end bonus as reserve and spending last year bonus till the next bonus. In this way, I may not under-spend my money and to avoid spending away future money and I will be in better position to face the next  pay-cut and zero bonus scenarios if it happens.

Firstly, part of last year-end bonus is reserved to pay income tax. LOL!