Snoop Dogg spent 10% of $1 million on his daughter's wedding and kept the rest.

Snoop Dogg surprised his daughter, Cori Broadus, with a $1 million gift ahead of her upcoming wedding, the rapper said during a recent appearance on "The Jennifer Hudson Show."

Snoop Dogg stated that if the roles were reversed, he would spend $100,000 on his wedding and keep $900,000 for himself.

Snoop Dogg's advice for managing a financial windfall, which involves spending 10% on fun and saving 90% for the future, is sound, according to financial experts.

Maria Castillo Dominguez, a certified financial planner and founder of Valoria Wealth Management, agrees with Snoop Dogg's comment that prioritizing long-term financial stability over immediate gratification is sound advice.

If someone receives an unexpected sum of money, regardless of its size, she advises that they should not spend it recklessly.

Pause, then consider your options

Experts advise that if you receive money unexpectedly, it's better to put it towards your long-established goals rather than envisioning a new lifestyle.

It is recommended by experts to take a moment before making any decisions regarding your finances.

Catherine Valega, a CFP and founder of Green Bee Advisory, advises taking a pause before making any decisions. She suggests avoiding hasty decisions, such as buying a new car for a long-lost cousin who suddenly reappears and asks for it, if news spreads about receiving extra cash.

To determine your priorities when you have more financial resources, consider asking yourself what you've always wanted to do with more money. This could include buying a home, paying off your mortgage, starting an emergency fund, or getting out of credit card debt.

Considering your next moves wisely will help you maximize your earnings.

A financial planner can help ensure that a windfall works for you over the long term, says Dominguez. With the right guidance, a windfall can be an opportunity to generate even more money for yourself and build happiness that lasts.

An individualized plan for your extra cash can be designed by a financial planner, taking into account your specific situation.

"Valega advises that everyone should work with a financial planner because they know how to prioritize extra funds."

Celebrate responsibly

A sudden influx of money, whether it's a tax refund, holiday bonus, or lottery jackpot, can significantly improve our financial situation and offer us the opportunity to improve our lives, according to Dominguez.

It is reasonable to use a portion of your extra money to treat yourself after identifying your goals, as long as you have a plan for your money to ensure that your celebratory spending remains reasonable. Treating yourself should not compromise the success of your long-term plans.

"Striking a balance between celebrating life's milestones and aligning spending with overall financial goals is important, according to Dominguez."

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