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Shakey
Joined: 29 Aug 2014
Posts: 199
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 Posted: Tue Jun 30, 2015 5:42 am Post subject: Summer Bonus 750,000円 |
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I received my summer bonus this morning, and so it's pizza and micro beer at Devil Craft tonight!
Anybody else celebrating their bonus today? |
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Maitoshi
Joined: 04 May 2014
Posts: 718
Location: 何処でも
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| Posted: Tue Jun 30, 2015 7:52 am Post subject: |
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| My colleagues said it arrived in our accounts, but I have yet to check for myself. Hoping the tax doesn't take as big a bite as I think. |
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TokyoLiz
Joined: 16 Jan 2003
Posts: 1548
Location: Tokyo, Japan
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| Posted: Tue Jun 30, 2015 9:22 am Post subject: |
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| i'm looking forward to paying my taxes with the bonus money. Hi bonus, bye bonus....It also pays for some R&R with danasan somewhere nice for Obon. |
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Shakey
Joined: 29 Aug 2014
Posts: 199
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| Posted: Tue Jun 30, 2015 10:02 am Post subject: |
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| TokyoLiz wrote: |
| i'm looking forward to paying my taxes with the bonus money. Hi bonus, bye bonus....It also pays for some R&R with danasan somewhere nice for Obon. |
My coworker has a mortgage. He told me that all of his bonuses are quickly transferred into another bank account so that he can make 2 or 3 month's payment on his house. He never gets to see much from his bonuses. But he really likes his house and is here long-term, so it works for him.
I rent, so I can live it up a little for a few weeks but then just invest most of it. |
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rxk22
Joined: 19 May 2010
Posts: 1629
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| Posted: Tue Jun 30, 2015 12:49 pm Post subject: |
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| I have never had any real bonus here. Good on you. Happy for you. But for me, a real bonus, ie more than 10,000 yen, heck more than 2000 yen is a unicorn to me |
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Inflames
Joined: 02 Apr 2006
Posts: 486
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| Posted: Tue Jun 30, 2015 1:09 pm Post subject: |
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| Shakey wrote: |
My coworker has a mortgage. He told me that all of his bonuses are quickly transferred into another bank account so that he can make 2 or 3 month's payment on his house. He never gets to see much from his bonuses. But he really likes his house and is here long-term, so it works for him.
I rent, so I can live it up a little for a few weeks but then just invest most of it. |
I've never really understood why someone would just use a ton of extra money on their mortgage, unless they had an abundance of money. It's not that hard to get more of a return on other assets. |
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rxk22
Joined: 19 May 2010
Posts: 1629
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| Posted: Tue Jun 30, 2015 1:15 pm Post subject: |
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| Inflames wrote: |
I've never really understood why someone would just use a ton of extra money on their mortgage, unless they had an abundance of money. It's not that hard to get more of a return on other assets. |
True, but as a gaijin, he might have a 5%+ mortgage.
Also, most people have no idea how to invest. Not a clue in the world. So, 5% does beat bonds for the most part. I guess |
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Shakey
Joined: 29 Aug 2014
Posts: 199
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| Posted: Tue Jun 30, 2015 2:19 pm Post subject: |
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| rxk22 wrote: |
| Inflames wrote: |
I've never really understood why someone would just use a ton of extra money on their mortgage, unless they had an abundance of money. It's not that hard to get more of a return on other assets. |
True, but as a gaijin, he might have a 5%+ mortgage.
Also, most people have no idea how to invest. Not a clue in the world. So, 5% does beat bonds for the most part. I guess |
Yeah, I don't know what the specific details are with him, but when I asked him if he was going to go out and do something fun, he said that he never sees his summer or winter bonuses. He said that it all just goes back into another bank account to pay off his mortgage.
He said he likes his house, but he also said that he could never sell it for what he paid for to have it built. Houses in Japan, usually, only lose value, and you'll never sell them for more than what you paid for them.
I agree with the above comment regarding investing, but I'm not married with kids like he is. So I guess it works for him, or it's the best possible situation for him considering his circumstances.
I would never buy a house in Japan, though. That's a great way to bleed money if you ever decide to return home or leave Japan. |
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spiral78
Joined: 05 Apr 2004
Posts: 11534
Location: On a Short Leash
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| Posted: Tue Jun 30, 2015 4:12 pm Post subject: |
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| If you plan to retire in that house, it's a good plan to pay off the mortgage as fast as you can. |
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Maitoshi
Joined: 04 May 2014
Posts: 718
Location: 何処でも
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| Posted: Tue Jun 30, 2015 10:58 pm Post subject: |
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| Many loans here are structured to include higher payments during bonus months. He may be contractually bound to put his bonuses towards the loan balance. |
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