Donna Maicher
HomeMy ListingsView Area Listings•  Foreclosures•  Short SalesInside ToursMortgage InfoCommunity InfoSchool InfoAbout MeContactLoginHelpful LinksBlog
RE/MAX 440   Donna Maicher
101 Quakertown Ave.  Pennsburg, PA  18073
Office Phone: 215-679-9797    Phone: 215-679-9797  Fax: 267-354-6869  Cell: 267-249-6850
donnamaicher@comcast.net
< Back to My Blog

5 Wise Ways to Use $100

September 30, 2016 2:12 am


Maybe you got a tax refund. Maybe a friend paid back an old debt. Maybe you got from one paycheck to the next and—amazingly—had $100 left over. You may be tempted to blow your windfall, but $100 doesn’t buy all that much these days. Far better, according to The Motley Fool, is to use that $100 in one of these 5 wise ways:

1. Start/Add to an Emergency Fund – Surveys reveal a shocking number of Americans do not have enough money set aside to cover a $1,000 emergency. Ideally, an emergency fund should hold three to six months of living expenses.

2. Start/Add to a Retirement Fund – It may not seem like much, but if you were to put that $100 in a 401(k) or IRA and choose investments that generate an average annual 8-percent return, after 40 years, it would amount to almost $2,200!

3. Pay Down a Credit Card – Carrying a credit card balance, no matter how small, means losing money every month to interest. Granted, that $100 on its own probably won't save you a lot in interest, but it will get you one step closer to becoming debt-free.

4. Buy Stock – A single Ben Franklin won't make you a fortune in the stock market, but you can use it to open a low-cost, no- or low-minimum brokerage account and start investing for your future.

5. Invest in Yourself – If a certification or skill is standing in the way of a higher salary, use that $100 to pay for a course or license that helps you command more money—if a $100 online web design course results in a $1,000 bump in salary, that’s a 900-percent return on investment!
 

Published with permission from RISMedia.

FacebookLinkedin
<br />
<object allowNetworking="all" allowScriptAccess="always" allowFullScreen="true" type="application/x-shockwave-flash" id="" codebase="http://fpdownload.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=7,0,0,0" width="250" height="318" align="middle" data="http://downloads.thespringbox.com/web/wrapper.php?file=RSS Reader.sbw">
<param name="movie" value="http://downloads.thespringbox.com/web/wrapper.php?file=RSS Reader.sbw" />
<param name="flashvars" value="param=http%3A%2F%2Ffeeds.feedburner.com%2FRismedia&param_style_borderColor=000000&param_style_brandUrl=&memberId=thespringbox" />
<param name="quality" value="high" />
<param name="wmode" value="transparent" />
<param name="allowNetworking" value="all" />
<param name="allowScriptAccess" value="always" />
<param name="allowFullScreen" value="true" />
<param name="bgColor" value="0x000000" /><embed bgColor="0x000000" allowNetworking="all" allowFullScreen="true" allowScriptAccess="always" src="http://downloads.thespringbox.com/web/wrapper.php?file=RSS Reader.sbw" flashvars="param=http%3A%2F%2Ffeeds.feedburner.com%2FRismedia&param_style_borderColor=000000&param_style_brandUrl=&memberId=thespringbox" quality="high" wmode="transparent" width="250" height="318" align="middle" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" /></object>
<div style="font:11px/12px arial;width:250px;margin-top:2px;"><a href="http://www.springwidgets.com/widgetize/23/?param=http%3A%2F%2Ffeeds.feedburner.com%2FRismedia&param_style_borderColor=000000&param_style_brandUrl=&width=250&height=318" target="_blank">Get this widget!</a></div>
<p>