It’s that time of the year again when festivals to many would mean more than just family time and celebrations. You may find yourself sitting on a Diwali bonus or simply a year end bonus from the organisation you work in. A neat lump sum of money can come in handy, but chances are that you will exhaust it in impulse spending. While the festive season gives you a reason to splurge, it is also an opportunity to strengthen your financial position. Here are a few tips which will help you use your bonus money more effectively.