gettyReceiving an unexpected financial windfall such as a surprise raise or bonus is exciting—and can be fraught with temptation. Below, 16 experts from Forbes Finance Council share several steps you can take after you receive an unexpected influx of cash—consider one or more of them to get a better ROI on your financial windfall. When you receive a bonus, tax refund or even an unexpected financial gift, consider how you can advance your financial situation when using this money. Use an unexpected windfall to pay down high-interest debts or credit cards. When an unexpected influx comes in, my gut reaction is to ensure our reserves are at a comfortable level.

Source: Forbes May 27, 2021 17:03 UTC