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If you hit a significant jackpot, it may be tempting to spend freely, but it is essential to approach your winnings with a strategic mindset. This approach can help you build a solid financial foundation and ensure that your winnings last well into the future. Moreover, many winners find it beneficial to create a budget that outlines how they plan to allocate their winnings. This budget should include categories for taxes, savings, investments, and discretionary spending.
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