5 Financial Pitfalls to Avoid When You Come into New Money

Hand-Out

LEARN HOW TO SAY “NO”   	Anyone that’s come into new money knows that it’s inevitable that someone is going to come out the woodworks with their hand out. As hard as it is to turn away family and friends, it’s not a fiscally smart move to make a habit of giving away money. “You need to say, ‘No,’ as people will ask you for money just because they know you have it,” says Harmony. “I had to realize that I was being a crutch. If I wasn’t around they would still have to figure out how to find the money.”

LEARN HOW TO SAY “NO” Anyone that’s come into new money knows that…