Invest in supplies for raised bed gardening for next summer. Buy some insulation for the attic. Buy a good antenna and DVR to get your cable shows online and view thru TV. Get Netflix. Buy extra food and household disposibles they go up in price. Buy a freezer. Get car tuned up. Maintaince on your sewer line, furnace and water heater. Spruce up your home with some paint and small fix its. Buy a bike. That is all this early morning brain can come up with.
Flexo
· 1 month ago
Great ideas!
Mike L
· 1 month ago
Buy a ticket to the Yankees Phillies world series game behind the Phillies dugout!
Allison
· 1 month ago
Pay back the rest of a personal loan and then put the rest toward the new computer that I rather desperately want (while my 5 year old beast still works, it's looking to die any day now).
Neal@wealthpilgrim
· 1 month ago
Go visit my daughter in Israel - and kick her boy friend's arse!
Jesse
· 1 month ago
These above tips all seemed weird to me aside from the emergency fund..I would not even think of half of these if I came into $1000..self development class? The Gym?
I'd pay off debt. If I didn't have the debt, I'd probably do the emergency fund thing.
Flexo
· 1 month ago
I tend to agree with you. What if your emergency fund is more than full and you have no debt?
BobBobBob
· 1 month ago
We're getting our 1st time home buyers tax credit Real Soon Now (it's been 6 or so weeks since we mailed in our form). Since we bought our house and have been budgeting as though we wouldn't see that money it will essentially be an $8000 bonus.
We're going to : 1) Pay off some debt ($4500 of loans from family members) 2) Put $1000 into an emergency fund 3) Add insulation to the attic (and replace our soffits?) 4) The rest will go towards my wife's student loans
Any additional $1000s that may find their way to our house will go towards paying down debts.
Julio
· 1 month ago
My wife and I would take a much needed vacation. :)
Anonymous
· 1 month ago
Unless the money on a credit card is riding on 0% interest then paying off the credit card debt should def be at the top of the list.
Mneiae
· 1 month ago
I'd put it in a Roth IRA. I'm a college student living off of her parents and my "income" is $7,000 in scholarships for 2009. That's enough to make me file, as none of it is deductible since my parents are claiming my tuition, fees, etc. This qualifies me to get a Roth and take advantage of the fact that I only have to pay 10% income tax.
Todd Wallentine
· 1 month ago
Instead of the Schwab Total Stock Market Index Fund (SWTSX) you could always put it into the Vanguard STAR Fund (VGSTX) which has a minimum investment of $1000.
For me I would put it towards my current top priority: topping off my emergency fund.
Joel Reese
· 1 month ago
I have a two-year old daughter, so I'd probably pretend I never got it and invest it with her college savings in mind. Granted, I'm sure she's going to get a full-ride somewhere for something (UNC for soccer? Harvard for electrical engineering?), so I'm sure I won't have to worry about that. But just in case...
If I had credit-card debt, that would be at the top of the list. But my wife and I made it a priority to eliminate our debt, so we're doing okay there.
All Comments
Buy some insulation for the attic.
Buy a good antenna and DVR to get your cable shows online and view thru TV. Get Netflix.
Buy extra food and household disposibles they go up in price.
Buy a freezer.
Get car tuned up.
Maintaince on your sewer line, furnace and water heater.
Spruce up your home with some paint and small fix its.
Buy a bike.
That is all this early morning brain can come up with.
I'd pay off debt. If I didn't have the debt, I'd probably do the emergency fund thing.
We're going to :
1) Pay off some debt ($4500 of loans from family members)
2) Put $1000 into an emergency fund
3) Add insulation to the attic (and replace our soffits?)
4) The rest will go towards my wife's student loans
Any additional $1000s that may find their way to our house will go towards paying down debts.
For me I would put it towards my current top priority: topping off my emergency fund.
If I had credit-card debt, that would be at the top of the list. But my wife and I made it a priority to eliminate our debt, so we're doing okay there.