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What to do with a sudden financial windfall

How to manage your finances when you come into newfound money

Whether you expect it or not, a financial windfall—money you receive outside of your regular income—can open up a range of financial questions as you consider the best use for the funds. Here are a few actions to help you make a decision with your financial future in mind.

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The material provided on this website is for informational use only and is not intended for financial, tax or investment advice. Bank of America and/or its affiliates, and Khan Academy, assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional and tax advisor when making decisions regarding your financial situation.

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