How to spend a $25,000 Windfall
If you have been fortunate enough to get a large bonus or a small inheritance you might be tempted to splurge. However, in the How to Spend a $25,000 Windfall infographic, the author explores various scenarios regarding what should be done with the payout. Ways one could spend $25,000 responsibly include paying down high interest debt or refinancing a home, which could significantly decrease both your mortgage payment and loan term. The infographic provides additional allocations for the $25,000 windfall including buying an income property, or remodeling your home to increase its future sale value.