dragonlady
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The scholarship money was intended to help pay for your education and that is exactly what it should be used for, your education. If you do not need it to pay for books or to help with your tuition at the moment, then put it into a short term CD so that it will be there when you do need it for college. |
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abagtha_778
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You Can Give It To Me..... |
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Danny Luis
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either save it or invest it. but dont waste it |
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Cnadian1
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The ultimate options for a long time steady investment would be a Canada or United States savings bond (This means lending your money to the government for a period of X years and they will return it with Y amount of interest after those X amount of years.)
For short term the best would be an Investment savings account. As a study i placed 5,000 CAD Dollars in a investment savings account and i have just over 10,000 Dollars now after 6 years. Although this is not a steady incresment as some months it drops derasticly but most it gains a few hundred.
Depending on if that money means ALOT to you and you definetly need 1000 dollars or more at your hands at time of enrollement then the savings bond would be the most appropriate but if it would just add to an already large sum of money then an investment savings account with a major company in your community would be much better. |
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Kevin B
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Pay off one of your credit cards.
Then take the money you would have been paying for your credit card monthly payment and stick that in savings.
You'll be suprised how quickly you can get that savings account back up to $1,000.
When you've saved up enough money to survive on for 3-6 months, then start thinking about investing. |
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AFRICANMAN
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man, thats such a small amount, I guess you can get a cd some of them pay about 5% interest. |
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leonard s
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pay your college bill? or just put it in a mutual fund for the next 30 years
and please stop asking the same question multiple times |
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Caring girl.
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Save it. Spend a little if you wish. It may come in handy for an emergency such as the cooker breaking down. You won't need all of it if it does but some of it would help you not to get in to debt if it did. The emerging might not be that at all but some other electrical thing. |
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po_boy66
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With a 1000.00 you should check into opening a Roth IRA. Get a mutual fund that your will to stay in and use that like a long term savings account. Vanguard has a really good selection and the have always had the lowest fees. |
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Pitty T
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Invest in ETF: ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.
http://debts-to-wealth.com/category/Why-Invest-in-Exchange-Traded-Funds.html |
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vlad the impaler
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iaai auctions.... buy a car.. you can get something decent. fix it sell it.... keep doing that. you like double your money everytime.... |
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Sparkles
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Take a look at this link. We are getting ready to transfer our savings into Orange because of the great interest rates they pay.
http://www.creditcardshack.com/ingdirect.php |
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passionateone
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if you have any sales skills at all you need to do reverse funneling. Someone introduced it to me and he made 24,000 his first month, todays my first day and im about to close my first sale for $1000 profit. Im actually amazed im about to close a deal,lol. If you want to check it out you can here:
http://www.thousanddollarprofits.com/13040
Also google it to see what others are saying about it, its the real deal. If you need any help just email me at coreytucker2007@gmail.com |
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Frank Castle
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Open a brokerage account at Zecco and invest in Sony, Nintendo and Microsoft. |
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