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Beginning Investing by Danielle L. Schultz

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CHAPTER19

Managing Windfalls and Sudden Life Changes

In This Chapter

  • Evaluating your new spending power
  • Taking steps to protect yourself
  • Sorting out spending priorities
  • Considering long-term needs

Experiencing a sudden life event, whether thrilling or devastating, that significantly alters your expectations for the future can be extremely destabilizing. You may feel confused and unequal to the task of managing your new financial state, and everyone you’ve ever known will have advice for you.

In this chapter we look at how to evaluate the financial challenges, get trustworthy advice, and sort through the possibilities of how to manage your ...

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