Calf prices are setting records this year and now that you have sold; you are looking at a substantial increase in spending money. A major decision that needs to be made is whether or not profits should be used for personal use or to reinvest that money back into your operation. If you choose to spend some or all of your new found fortune on yourself and your family here are some smart ways to make the money work for you: Start or Increase Emergency Savings-Do you have money set aside in case of an emergency and you can’t work? Having enough money for 3 to 6 months of household fixed expenses is always a smart idea....
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