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Lesson 14 6 minute lesson Interactive
Saving Windfalls Wisely
Create a plan for gifts, refunds, bonuses, and other one-time money before it disappears.
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Lesson goal
Use a simple save, spend, and goal split for unexpected income.
Three ideas to keep
1
Pause before spending a windfall
2
Address urgent needs and expensive debt
3
Keep a portion for enjoyment when appropriate
Try it
Make the call
You receive an unexpected $300 and have a small emergency fund. Which approach is most balanced?
Knowledge check
Lock it in
Why make a windfall plan before buying anything?
Finish both activities