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Until you are ready to claim your prize, you should first secure your winning ticket and store it in a secure location. It is best to seek the advice of financial advisors or legal professionals who can help you claim your winnings and make sure you are aware of any tax ramifications or legal obligations related to your newfound wealth. Constructing a Budget. Making a financial plan is essential for efficiently managing your winnings after you have claimed your prize. A common mistake made by winners is to spend money on the spur of the moment without thinking about long-term financial security.