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What to do with a windfall

What to do with a windfall: Personal Finance Tips
What to do with a windfall: Personal Finance Tips

In this video, Jane Barratt discusses what to do if you receive a windfall. After receiving a windfall, the first thing to do is to check if the money is taxable. If a windfall is taxable, take the amount and do not spend it until the tax bill comes in. Ask yourself how the money can improve your long-term financial situation. Additionally, decide where every dollar will go before spending any money. Do not save what is left over from spending; spend what is left over after you've saved.

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Skill Level Appropriate for all
1h 15m
Duration
95,832
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Skills covered in this course
Business Business Skills Finance

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