2007-02-16 04:03:32 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
cyberbeauty- Who knows?
2007-02-16 04:17:27 · update #1
I would put it in a growth-oriented mututal fund. $10,000 isn't that much.
2007-02-16 05:01:41 · answer #1 · answered by artemisaodc1 4 · 0⤊ 0⤋
I totally ask myself questions like this all of the time. It helps me keep perspective on my spending habits. If I have to use the who allotment to pay off existing liabilities, then that means I am in way over my head and I need to slow down! To answer your question, I would:
Pay off my student loans created so far about 10K
Pay my car loan down to about 1000 and pay the remaining balance little by little so that my credit report reflects an active, current revolving account. I owe about 8500.
Pay off the small debts I still owe
Place at least 10,000 in some type of savings account
Pay my credit cards off
Pay my mom back, i owe her like 200 bucks, but seriously, who actually repays a loan from their parents?
Go on a shopping spree
And finally, I would honestly blow the rest in very frivolous ways.
2007-02-16 12:24:31 · answer #2 · answered by KI 3 · 0⤊ 0⤋
I would pay my car and my house off and put some money in the bank for a rainy day to go have some fun with my family.
2007-02-16 12:13:01 · answer #3 · answered by Dew 7 · 0⤊ 0⤋
why will you pay me for my answer ? any way like i said earlier i will pay off all my existing bills and then invest some in a money market investment like stocks etc, for future days , then i will buy a house and adopt as many kids as i possibly can to give them a home and family something i've dreamed of doing to many children are out there suffering with no one to call their family etc
but thats me what do you want to do ? and where are you guys getting this money from tell me please hehehe
2007-02-16 12:11:43 · answer #4 · answered by cyberbeauty 2 · 0⤊ 0⤋
Invest it in Mutual funds and be a multi-millionaire at 55.
2007-02-16 13:01:49 · answer #5 · answered by cliff_dweller 2 · 0⤊ 0⤋
I would put a downpayment down for a new home, pay off my debts, go on trip
2007-02-16 12:21:51 · answer #6 · answered by pattibcacl 6 · 0⤊ 0⤋
First i would pay my tithes and offering. next i will sow a seed into someone's life who is in need of a financial breakthrough, next pay off my debts so i will be DEBT-FREE, take my family on our first family vacation.
2007-02-16 13:13:52 · answer #7 · answered by Pastor P 1 · 0⤊ 0⤋
I would pay off all my bills and then take a long vacation about a yr or longer.
2007-02-16 12:11:32 · answer #8 · answered by karen v 6 · 0⤊ 0⤋
pay off all my loans. put the rest away for a house...ok, and do a lil shopping.
2007-02-16 13:59:27 · answer #9 · answered by jerseegal 2 · 0⤊ 0⤋
put it in the bank and get more money, then maybe give some to charaties,. yep thats it.
2007-02-16 12:15:26 · answer #10 · answered by Anonymous · 0⤊ 0⤋