Smart Money Moves: What Winners Do With Their Windfall
Pay Off Debt First: Most people who receive unexpected money focus on clearing their debts immediately. This makes perfect sense because debt payments eat up monthly income and create stress. Credit card balances, student loans, car payments, and mortgages become the first targets. Eliminating these obligations frees up future income and provides peace of mind. Even small winnings can make a big difference when applied to high-interest debt.