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Don’t Blow Your Bonus! Smart Ways to Use a Lump Sum Payout
Manage episode 448908431 series 3481242
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Whether you’re anticipating a year-end bonus this December, recently received an inheritance, or even won the lottery (hey, we’re all allowed to dream), figuring out what to do with a large financial windfall can feel overwhelming. No matter how you’ve come into this newfound wealth, it’s important to approach it thoughtfully.
Here’s some of what we discuss in this episode:
- Don’t rush your decision. When things get emotional, it’s best to take a breath and slow down.
- What are some of the smart options for putting this money to work?
- Find some balance. You don’t need to save or invest every penny.
- Some special considerations to keep in mind if you get a nice bonus this year.
For more, visit us online: http://thefinancialanswer.com
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