How Will You Spend that Windfall? 5 Smart Moves

One of the first instincts when you experience a windfall is to spend it – and spend it quickly.

This is because a windfall is considered “extra” money. It falls outside your regular financial plan, so you end up spending it in a way that doesn’t fall into your finances. This isn’t always the best approach, however.

Whenever you get windfall money, it’s a good idea to consider how it can help you improve your finances. Think about what you would do with a windfall ahead of time, and you can fol...