Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

2 of 7
BACKNEXT
Paying off debt
Paying off debt
Danielle Liss
Age: 33
Hometown: Las Vegas
Profession: Lawyer
Bonus: $10,000

Over the past three years my debt has become much worse because I had a house that was very difficult to sell. The house sold but in order to not make a short sale I had to borrow a significant sum. While I was making the hefty mortgage payment I was pretty much living off my credit card. Now, I've been concentrating on paying the credit card portion of my debt.

How I'll spend it: Unlike previous years when I might be tempted to shop or upgrade my computer, this year's bonus is going straight to paying off a chunk of debt. As much as I'd like to have it as "fun money," that isn't happening this year. In past years when I'd gotten bonuses I'd blow it on frivolous things I wanted but definitely didn't need. This year, I put it all toward my credit card debt, except $300 or so, which went toward a very small treat.


NEXT: Paying a bill
Last updated December 30 2009: 6:36 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
The 7 biggest investment mistakes celebrities make From betting too heavily on real estate to overestimating future earnings, here are 7 of the most common money mistakes that celebrities make. More
Cotton candy, toothpicks, pet gel -- these products are all made from marijuana Legal cannabis, an estimated $5.4 billion industry, is drawing in entrepreneurs with a variety of innovative products -- from skin patches to pain relief gel for pets. More

Special Offer