Winding Up With A Windfall

Unexpected expenses sure are stressful, aren’t they? But surprises can be nice! Sometimes we end up with a gift of money from a family member or a bonus from work.


It’s great to receive an unexpected windfall. But it’s also easy to fritter it away! The money we don’t expect is often the money we spend the fastest. We don’t budget for it, so we think it it’s ours, to do what we want! That means it can disappear pretty quick.


So if you find yourself with some extra cash, make it last!


Pay Down Any Extra Debt – If you’re carrying a big balance on your credit card, considering using your new wealth to pay that down. You’ll  save more money – and have more to spend – in the long run.


It Makes Sense To Save Some Cents – Be sure to save! You can always spend it later. But putting some or most of your windfall in savings means you’ll have time to think about what’s really important.


Don’t Forgot To Treat Yourself – Once you’ve been responsible, have some fun!  Figure out a reasonable amount of money, whether it’s ten dollars or a hundred, and use it for something enjoyable.