It seems like every month or so the lottery jackpot reaches a new record high. People rush out to buy tickets, and sure enough, within a few weeks a winner is announced on the evening news.This brings me to what I want to talk about today: the proper way to handle unexpected cash. What would you do if you came into a large sum of money? Is it something you have thought about?
If you have recently come into some money, or expect to in the future, take these tips to heart when handling your newfound wealth:
- Splurge a little: Regardless of your current debts or financial situation, when you come into some money, you have to allow yourself a certain percentage to spend any way you want. The percentage is highly personal, and can be determined after you consider the following points.
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