Wow! What a great year for investors who follow the KLCI closely. 21.8% was the appreciation for year 2006. And to top it off, many employees have been paid their bonuses. So what do you do with your money?

Ok, nobody can tell you what you should do with your money but one fact is clear. If you spend it, it is spent. So obviously all of us would be seriously planning the proper allocation of the recent monetary blessings.

A good suggestion or principle I heard is this. Major in wise stewardship of your blessing. Three things: spend some for enjoyment (you deserve it!), save or invest some of it (for the future and the unexpected) and be charitable (do something for someone other than yourself). Do all three.

We are very good and clever with the first one and required sacrifice and resolve for the third. For the second option, I think for many, saving or investing some money for the future is harder than one may think. We all agree that it is good to save some money but to actually act upon it is the challenge. For example, how many times you remember of saving some money and then end up spending what you have saved later on. The primary reason for this is because we do not have a plan for the savings program.

Oh well, let's enjoy spending first.... you deserve it.