A UAW-GM deal could bring big bonus, raise. Here’s what to do with the money

Susan Tompor | Detroit Free Press | Oct 16th, 2019

…In general, financial planners say you don’t want to take any pay raise for granted by simply letting that money flow easily into your checking account where it can be quickly spent. Think about bigger goals — retirement, saving a down payment for a new home, sending your children to college.

“Try to continue to live your lifestyle the same as you did before having received this increase in pay,” said Sam G. Huszczo, a chartered financial analyst in Southfield…