A study carried out by researchers from Stonehill College, Ohio University, and the University of Michigan – The Psychology of Windfall Gains – and published in the journal Organiational Behavior and Human Decision Processes in 1994, informed that the majority of participants who completed three questionnaires said they more readily spent windfall gains than other types of assets. (market business news)

In particular, after receiving a windfall gain, individuals are more likely to drop out of the labour force and the effects become larger as the size of windfall increases. (IZA Journal of Labor Economics)

Use these windfall gains to first pay off your high cost loans. Even if you don’t want to pay them off fully, at least reduce the number of credit cards you have or repay some of the personal loans. (Motilal Oswal)