No More Year End Bonus!!!

The truth is here! All good things will finally end!

No more year end bonus for Uncle8888. 

A new life journey without earned income, yearly bonus and income tax has finally begin its new year on 1 Jan 2017.

Read? Your year-end bonus is here!


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!