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
Best-loved new cars of 2016 These cars are the most beloved among American drivers based on JD Power's annual survey of new vehicle buyers. More
This Indian university cranks out top-tier tech execs Many graduates from the Indian Institute of Technology have gone on to start and lead global tech companies. Here are a few of the most notable alums. More
Most valuable American car up for auction Carroll Shelby's own very first Shelby Cobra will be sold in August. It's almost certain to be the most valuable American car ever sold. More

Special Offer