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Money Box: What to do with an unexpected windfall

What to do with an unexpected windfall

27/12/2014

BBC Radio 4 - Money Box, What to do with an unexpected windfall

Paul Lewis asks what you should and should not do with an unexpected windfall.

What do you do if an inheritance has come through? Perhaps an investment matures, or you win the lottery. Should you spend? Save? Pay off debt? Invest? Paul Lewis asks the experts.

This week Paul Lewis devotes the programme to one subject - what should you do with an unexpected windfall? Perhaps an inheritance has come through or is expected. Or you downsized your home. An investment has matured. Perhaps the lottery or a gamble has paid off. Or you got a very welcome cheque from that distant relative for Christmas.
Wherever unexpected cash comes from it can bring problems with it. What to do? Spend? Save? Pay off debt? Invest?
Guests include Anna Bowes from Savings Champion.co.uk who deals with cash.
MoneyWeek's commentator on gold and commodities Dominic Frisby who is also a private investor himself.
Louise Oliver is a Certified Financial Planner with Independent Financial Advisors Piercefield-Oliver.
And David Fyfe, Managing Director of Independent Financial Advisors, Fyfe Financial.

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