2006-09-26 06:54:53 · 12 answers · asked by nashvillekat 6 in Business & Finance ➔ Investing
Any time you get a windfall, set aside half. So put $600 into a CD or term deposit, depending on your area you should be able to get over 5% for a 6 month term. With the rest, pay any outstanding bills and blow the rest on your family. Could use it to buy extra nice xmas presents now and hide them away, and go eat out somewhere nice. Remember to buy yourself a few luxuries if you usually put others first!
2006-09-26 07:03:33 · answer #1 · answered by Behhar B 4 · 0⤊ 0⤋
Hi! 1200 is not a lot of money for investing, I think the return you would get from it is not huge. But the value of having that cash is much higher!
You can select a percentage for giving an award to yourself. I'm sure you deserve it!
Other percentage to help people who need it (you will feel very good)... there are hundreds of organizations that help people all around the world.
Other percentage for savings... you may need some money in case of emergencies in the future!
Other percentage to give small presents to people that you love (your parents, sister or brother, some special friend)... they will appreciate that you remembered them!
2006-09-26 15:01:22 · answer #2 · answered by b4contact 3 · 0⤊ 0⤋
Warning !!! Dont think of spending them . Instead try to INVEST as much as possible. Because its the fourth and foremost important dimension of money (other three are earn, save, spend). It has got tremendous power. If you are bigineer then, I think you start with RISK-FREE ARBITRAGE programme offered by mazu . Its ideal for BEGINNERS as they give you guarantee, that you will make money within 30 days. Also they give 1 year free mentoring. They are certified by BIB & OBB .
http://xrl.us/maazu
2006-09-26 14:16:50 · answer #3 · answered by pradip k 2 · 0⤊ 0⤋
Dave Ramsey recommends having a $1000 emergency fund as one of the first steps to getting out of debt. I'd use that to fund it and then apply the $200 left over to the inevitable bad luck I have whenever something good happens to me.
2006-09-26 14:21:02 · answer #4 · answered by Eric C 5 · 0⤊ 1⤋
depends on if you have bills to pay. If I didnt have bills, then I would probably take a trip. Maybe just a weekend trip at a nice hotel? Or take some friends to an amusement park!
2006-09-26 13:58:00 · answer #5 · answered by sem3578 2 · 0⤊ 0⤋
If you are in debt, pay them off.
If not save half for a rainy day and with the other half buy yourself something you always wanted but couldn't afford until now.
2006-09-26 14:22:36 · answer #6 · answered by ???///??? 3 · 0⤊ 0⤋
If you are in debt, I'd pay off the debt and save the rest for doing whatever I really want to have or do.
2006-09-26 14:02:31 · answer #7 · answered by ny 3 · 0⤊ 0⤋
Put it in a Retirement Account
2006-09-26 16:41:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋
If you want to spend the money, why are writing under investing?
2006-09-26 16:17:29 · answer #9 · answered by Anonymous · 0⤊ 1⤋
buy a new computer or go spend it on clothes that you will only wear once
2006-09-26 14:02:34 · answer #10 · answered by jack_daniels 5 · 0⤊ 1⤋