Got Instant Money? Here's What to Do with It...

Monday, June 18, 2012 5:00AM
Got Instant Money? Here's What to Do with It...

Yahoo Financial Expert Farnoosh Torabi says if you come across surprise money -- a tax return, a settlement, an unexpected severance, here's her blueprint for how you should manage your cash...

50% - Pay down debt! Farnoosh says, not necessarily your mortgage, but if you have any outstanding credit card debt, start here. If you don't have debt, then you can skip and put 90% into savings (to help pay for retirement and future big purchases like a home or college education) and 10% towards FUN.  

40% - Build up savings! "If you don’t have at least a 9 to 10-month saving cushion to help pay your bills, in case you lose your job or have a financial setback, bulk up that account." She says if your retirement needs extra padding, contribute some to that as well.

10% - Treat yourself! Farnoosh says to buy something pretty and help the economy. You earned it. Try to buy something that will retain value if you need to resell it. 

Get Farnoosh's Tips for Scoring Your Own Hidden Money



Filed Under: As Seen On The Show

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Comments

Kathy D MCCAarley
279 days ago

I hope this is the message board that i can get some help from I go tomorrow to see a cardiologist )heart if i dont have the whole 561 dollar i do have to have a promissory payment arrangement 50 to 100 dollars the day of the app AUG21 2012 i just got a job with Mcdonalds 3 days ago Id been helping my daughter with her 2 boys and now she is struggling and cant find housing S o we are going to see if they can live with me to get me some sort of insurance and medical treatment

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judy burke
337 days ago

It appears I am with others Slow in getting my pen.

Would you give the sites for finding unclaimed monies.

Thank you so much. Have a good week! Keep up the excellent work!

Judy Burke 940-206-7093

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Margaret Rogers
341 days ago

Where and/or how do I find the links for unclaimed money

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Dorothy Fallen
341 days ago

looking for web.How to find info on lost money.Would like to check my name.

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Maureen Clark
341 days ago

Just have to say I watch Anderson every day and want to say he is a first class man with a great show.

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Debi Du Bry
342 days ago

Yes, please tell us what the websites are to check for missing money that might be owed to us??? Your show said to check your website. Don't see anywhere on it for the websites. What are the websites to check if I have some money owed to me? Deb

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Carolyn
342 days ago

I, too, am looking for the websites mentioned on today's show regarding "found money." There was suppose to be a link on the Anderson Cooper website, however, it doesn't seem to be here.

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Jan Brooks
342 days ago

I watched todays show and you said that the missing mmoney websites would be posted but, I cannot locate them anywhere. The only one I remember is missingmoney.com, what are the sites of the other that were mentioned?

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ROSE AINSLIE
342 days ago

What was the e-mail address of where one can claim money that might be waiting to be claimed??? Thank you

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sharon rogers
342 days ago

on todays anderson show 6-18-12 you gave adresses to see if you have money to claim out there youknew nothing about....by the time o found a pencil i didnt get the adresses......could you please send them to me......yes i watch anderson e v e r y d a y !!!!!!!!!!

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Lionald
342 days ago

Yes I to am looking for the links that were mentioned on the show about where to find money that we so called lost in the system that they use to find us when they bill us. Could someone post them up thanx!

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jennifer
342 days ago

I am looking for the links that were mentioned on the show about where to find money that you might have lost out there that you can find. Can you tell me what they are again? Thank in advance.

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Taylor
411 days ago

There is no such thing as evil. What you call evil is only something you don't "want." Money is not evil. Money is a wonderful thing that is "wanted" by everyone. There is nothing wrong with wanting money because money brings you more fun and more increase and more life. It's what's in your heart that counts, not what's in your bank account. This is true no matter how much $$ your have or don't have.

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john
446 days ago

The tongue would be root of all evil

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Shirl
494 days ago

Ms.Torabi said on the show today that "money is the root of all evil", but the actual quote is the "love of money is the root of all evil". Just wanted to clarify.

Thank you!
Shirl

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