Image Credits: AP Photo
In light of the recent tax plan that provided tax relief to companies and individuals across the country, many companies have been passing on benefits to their employees. Businesses such as AT&T, American Airlines, Nationwide, Home Depot, and many others, have chosen to give their employees a one-time bonus of typically $1,000. AT&T was the first to announce this plan. Many companies followed suit, handing out bonuses, investing in new jobs, or raising their company-wide minimum wage.
Nancy Pelosi, the minority leader of the House of Representatives, criticized these bonuses, saying, “In terms of the bonus that corporate America received versus the crumbs that they are giving workers to kind of put the schmooze on is so pathetic. It’s so pathetic.” She has continued to reiterate these comments, and is joined by her colleague, a member of the House, Debbie Wasserman Schultz, who referred to these bonuses as “chump change.” So what is $1000 worth? Actually, a whole lot. For $1000, you can get…
Groceries for a family of four for a month
A moderate budget for weekly groceries for a family of four comes in at $239/month.
New tires for your car
New tires cost an average of $525-$725 – meaning the bonus would relieve that extra cost burden and leave some money to spare.
Airfare to visit long distance relatives
Plane tickets can add up for a family, and this bonus could make a family trip possible.
A new mattress set
Mattresses are so important to our sleep, so why not upgrade with your bonus?
Rent for a month
Obviously this depends on where you live, but for a college grad in their first job, rent typically comes in around $1,000, depending on the area.
A new furry friend
While pets are a monthly financial responsibility, the initial adoption fees and vet bills add up. A $1,000 bonus will cushion those fees and make a pet more affordable.
Exercise classes or a gym membership
Gym memberships typically come in at around $800/year.
The iPhone X
While not as practical, any tech lover looking to upgrade can get the iPhone X at $999.
With the stock market soaring and investments up, now would be a great time to invest that $1,000 and allow it to grow over time.
Take a vacation for 2
Carnival has 6 night cruises next month for as low as $439/person.
The MacBook Air is available for $999.00.
Christmas present for the family
In 2016, people were planning to spend an average of $929 on Christmas gifts.
14 weeks of pre-planned dinners for two delivered to your door
For $10/meal, Blue Apron will ship you a recipe and all of the ingredients, already measured and ready to go, saving so much time and headache.
A washer and dryer set
While there’s a wide range of prices, a reasonably priced washer and dryer set is going to come in around $1,000.
6 months of gas
The average person spends around $2,000/year on gas, meaning a bonus could give you 6 months without hurting at the pump.
If you’re feeling less practical and looking for your favorite indulgences in bulk, with $1,000 you could buy…
150 chicken burritos from Chipotle
This is assuming you know that guac costs extra, and you’re not willing to pay it.
235 Pumpkin Spice Lattes
Embrace your inner basic girl.
90 months of Netflix
That’s 7.5 years of binge watching your favorite shows.
165 nugget meals from Chick-fil-a
Who doesn’t like Chick-fil-a, let’s be real.
28 gel manicures
Assuming around $35 for a gel manicure, you could pamper yourself 28 times.