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What if you are lucky enough to get a windfall? Maybe a small inheritance from a long-lost cousin, or even something modest like a $2,000 tax refund or a $10,000 bonus for signing a new contract.

For most Americans, $2,000 or $10,000 is a nice treat – not life-changing, but a chance to pamper yourself or catch up with finances you’ve been neglecting. But how do you make this one-time windfall count? Ideally, this would be the time to start saving for retirement or to fulfill your promise to yourself to save more.

For people with children, it could be the opportunity to start a college savings plan. Or it could be just what you need to finally have enough for the down payment on a home, or to reduce the weight of credit card debt or college student loans.

If you’ve never had an emergency fund, you could tap that windfall for a start.

But if you are like most people, a windfall creates an urge to spend – to give yourself something special.

Glenda Moehlenpah, a San Diego financial planner, suggests people realize that rather than denying the feeling.

Even though it would probably be wise to devote an entire windfall to paying off debts or saving for the future, forcing yourself to do what’s purely prudent might backfire, she said. So her advice is to indulge yourself with maybe 5 or 10 percent of the windfall and do what’s wise with the rest.

“A lot of times, if you let yourself spend some, it will keep you from spending too much later,” Moehlenpah said. “Really splurge; make it really enjoyable.”

Then, realize that with the rest of the money you are also preparing yourself to enjoy your future.

Say you land a $10,000 windfall when you’re 35 and you put $5,500 into a Roth IRA, investing it in a mutual fund, called a “balanced fund,” that invests 60 percent of his money into stocks and 40 percent into bonds. In the next 30 years, that money could average an 8 percent annual gain if the fund behaves the way it has historically. So that one-time $5,500 would end up totaling about $55,000 for retirement. When you look at it that way, you get a lot more out of investing $5,500 than just blowing it on something fun.

Likewise, $5,500 could help make it easier for your children to go to college without borrowing as much as they might.

Let’s say the 35-year-old puts $5,500 into a 529 college savings plan, and the child will be going to college in 10 years. Maybe the money earns 6 percent a year on average.

In that case, your child will have about $10,000 for college. That, of course, isn’t going to cover the cost of college, which can now run about $20,000 a year or more. But it helps.

If you are short on both retirement and college savings, you could split your windfall between the two funds.