Manage Your Money

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5 Ways to Spend Your Financial Windfall

Hurray! You’ve come into a recent financial windfall whether it be from a tax return or other means.

You can happily splurge and spend it, OR you can thank your future self by being thoughtful in your approach. 

Here are 5 ways to enjoy your money while also setting yourself up for future success. 

  1. Save it. With great rates, opening up a share certificate account now will allow your money to grow resulting in even MORE money in the future.1 
  2. Pay down debt. Look at your interest rates and debts owed. Is there any high interest rate debt you are tired of carrying? Now is a wonderful time to put more towards the principal. 
  3. Spend it. Don’t forget to enjoy a bit of your recent windfall and treat yourself to something you’ve had your eye on for a while.  
  4. Invest it. Did you know you can stop by any branch to talk to a financial professional about your goals? We also have Broadview Wealth Management which provides complimentary financial consultations for all members. 
  5. Give it. Sharing the wealth can be a beautiful thing. If there’s a favorite non-profit you’ve been hoping to donate to, now is the perfect time. Unsure where to give? The Broadview Giving for Good program provides funds and support to not-for-profits throughout the community. 

Finding the right balance of giving, saving, investing, and paying down debt along with treats sprinkled in along the way will have you feeling great!

  1. Dividends on Share Certificates accrue daily and are considered earned as accrued. Dividends are paid the last day of the month except when partial withdrawals are made or early closeout occurs. Withdrawals of dividends, fees and other conditions may reduce the earnings. Penalties may apply for early withdrawal. Broadview Membership is required.