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I have $1350 to invest

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  • I have $1350 to invest

    My friend just repaid me a loan, so now I have $1350 to spend on anything I want

    Any ideas?

  • #2
    Re: I have $1350 to invest

    Partyyy!!!!

    No, just kidding. Generally speaking:

    Credit cards if you have a balance.

    Savings if you do not have emergency fund.

    IRA-like retirement funds.

    Highest interest rate debt.

    Mutual fund.

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    • #3
      Re: I have $1350 to invest

      All great answers! My first choice would be an emergency fund, if you do not have one.

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      • #4
        Re: I have $1350 to invest

        I go with Ima. Put it back in an emergency fund. Then with your next income start hitting the CCs and auto loans.

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        • #5
          Re: I have $1350 to invest

          Who says you should spend it?

          Where was the money before you loaned it to the friend?

          I agree with the others...do something smart with it.
          My other blog is Your Organized Friend.

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          • #6
            Re: I have $1350 to invest

            Be glad you have a responsible friend that paid back a loan...and just keep your monies in an online savings until you find a good investment of choice. Never rush.

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            • #7
              Re: I have $1350 to invest

              Without going into an elaborate essay . . . save it if you have no debt; payoff debt if you do.

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              • #8
                Re: I have $1350 to invest

                So what are you ging to do?

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