Unexpected money, like a work bonus or tax refund can feel like "extra" cash but using it wisely can boost your financial future. Before you splurge, consider these smart moves:

1. Build Your Emergency Fund – If you don’t have at least three to six months’ worth of expenses saved, this is a great place to start. A solid safety net can prevent future financial stress.
2. Pay Down Debt – Knock out high-interest debt like credit cards or personal loans. Reducing what you owe saves you money in interest over time.
3. Invest in Your Future – Consider contributing to retirement accounts, college savings, or even a brokerage account to help your money grow.
4. Tackle Upcoming Expenses – Got car repairs, medical bills, or home maintenance on the horizon? Set aside funds now to avoid borrowing later.
5. Give Yourself a Small Treat – Saving doesn’t mean you can’t enjoy your money! Set aside a small portion for something fun while keeping the majority working toward your goals.

Using windfalls wisely can put you ahead financially. Before making a quick decision, create a plan that helps your future self.