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Should lotto winners look for financial advice online? – August 16th 2011

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People who play the lottery online may not think about using the world wide web if they need financial help to cope with a sizeable windfall, but one expert has said the internet is the best place to look when it comes to money planning.

Justin Modray of free and impartial site candidmoney.com said that independent financial advisers may not be the best place to look for help at first if lotto fans due a massive payout are confused about their cash situation, because such monetary professionals are not as independent as they may claim to be – and often expect a pricey fee.

“For more straightforward products such as savings accounts, credit cards and mortgages it’s not too difficult to do your own research, the internet is a great resource for most money matters,” he remarked.

Another valuable piece of advice for those who win big playing the lottery is to keep quiet about their top prize.

Pya Khanna, executive coach at changetosucceed, has recommended players only tell people they trust completely about such a windfall to prevent unwanted requests for cash from strangers.

Do you play lotto online? Do it at theLotter!

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