What to Do with a Windfall

If you just found yourself with an unexpected windfall of money, then congratulations! But coming into money can be complicated, whether it is $1,000 or $100,000. Keep the following tips in mind to make smart spending choices with your new wealth. Stop and Think The first thing you should do with your windfall is to put it somewhere safe while you can decide the best course of action. Find a savings account where you can access the money when you have your best plan in place. Resist the urge to spend it right away or even to give it away. … Continue reading