“Lottery Changed My Life” Shows Importance of Winning Responsibly
PCHLotto shares tips on how to win responsibly and handle overnight fortune!
Everyone knows that winning a large amount of money can be life changing. New money means new opportunities, and a new feeling of freedom that few of us have ever felt. Despite the envy you may feel for people who literally win fortunes overnight, believe it or not, there are issues that even lottery winners can run into if they don’t handle their winnings responsibly. In reality, lottery winners are just like everyone else, and with that said, they still need to be careful about where their money is actually going.
Take TLC’s show “Lottery Changed My Life” for example. The show provides a first-hand look inside the lives of lottery winners living out their wildest dreams. They say money can’t buy happiness, but these lottery winners will tell you that they’ve come pretty close! Tune in to hear recent millionaires tell what it’s really like to win big.
Despite being entertaining, I think that this show can also provide a reality check and remind everyone that money doesn’t last forever, and our choices of what to do with it are more crucial than we think. Here at PCH, we NEVER want any of our winners to run into bad luck, and if you do win big, we want you to enjoy that money forever! Since we DO award so much money to people through our Sweepstakes and at PCHlotto, (our lotto-style sweepstakes that’s absolutely free to enter), I want to share with you some simple, but important tips about how to be smart with your money that I found by searching on PCHSearch&Win!
Once on the site, I searched for “Smart Money Tips”. I immediately found a really helpful result from none other than CNN Money, called “50 Smartest Things To Do With Your Money”. This article talks about the importance of saving, and I personally think that this is the MOST important skill to master, especially if you have a sudden increase in income like winning the lotto. It encourages you to put as much money into your 401K as you can while you’re still young, and increase that amount annually by just $1,000. That way, by the time you’re ready to retire, you should have a fantastic “nest egg”. If you win the state lottery or a big prize from PCHlotto, we encourage you to do the same thing to make sure you always have something to fall back on.
The other saving tips on the list discuss how even if you do have the extra money to spend, by not spending it on elaborate and unnecessary things (do you really need that $8 juice drink?), you will still get what you need, but also have money left over to splurge on something really special.
Another tip, this time from the Money Management section, states you should always have a financial plan. What great advice! It’s smart to keep in mind what you will need to spend your money on in the future, such as your child’s college tuition, your wedding, or that long awaited retirement. Being aware that your money will be needed just as much down the line as it is now will hopefully make you think twice about what you really need to buy.
Well, those are our top tips on winning responsibly! We wish you all the best, and hope you’ll remember these tips if you ever find yourself lucky enough to win big like the people on TLC’s show “Lottery Changed My Life”.
P.S. Do you have any other smart money tips that you’d like to share? Comment below!