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Lets say they’re even semi-competent about how they handle it. They first pay off all debts, maybe take care of some much needed expenses/ repairs/upgrades Top My Favorite Nurse. Calls Me Mom Shirt off for years. Might even have most of it left over. They’re now in a prime position to leapfrog into a life of prosperity, but it’s to happen. They could use the money to fund educational opportunities to advance their career. The could move to a lower cost of living area. They could use the financial buffer to get a more stable job that pays better. Because they can now risk going 2-3 weeks without a paycheck. They just just throw it into aggressive mutual funds and earn an extra $5-10K a year without having to do anything. First, whatever government benefits they’re currently collecting will stop, as the sudden windfall will likely render them ineligible.
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