What to Do With a Lump Sum

If you've just been given a handsome bonus, you've built up a solid chunk of savings, or perhaps have been lucky enough to inherit some money or win a few thousand on the lottery, you could be wondering what to do with the extra cash. Much of the decision will depend on your personal circumstances, what you want the lump sum to do for you, and how big it is. However, on no account should you make a hasty decision or assume you must rush to invest the money. Take time to explore all the options, (for example, do you want a short-term or a long-term investment?) and consider getting financial advice.