Quick—if you got a serious cash windfall what would you do with it?
It’s fun to think about this question, not the least of which since windfalls do happen, at least from time to time. And when they do come, it never hurts to have some ideas.
The way I see it, there are three basic choices—spend it, save or invest it, or use it to pay down (or pay off) debt.
Which you choose depends on your circumstances.