what should i do with my money?

Question

i got $ 25000 i have to pay 16000 but what should i do with the rest, get a crappy car, get clothes save it or travel!!!

Answer 1

Do you have a car already? If you don't, buy a car you can get a decent one for $9000 and cheaper. If you have money left over save it for fuel and rego

Answer 2

With $9,000 left, I would recommend you invest it one way or another. Depending on how much risk you want to take... I would recommend that you save the money by opening up a CD (Certificate Deposit) for 6 months if you're not much of a risk taker. CDs usually require a minimum of $5,000 to open and is FDIC ensured up to $100,000 per person whose name in on the account. Meaning that you pretty much an a guarantee returns on your money... Another option (a better choice in my opinion) is to open up an online savings account like at ING Direct (I prefer AmTrustDirect - 5.34% APY). That'll earn you approximately $500 a year with FDIC insured. And better yet, the fund's liquid!

On the other hand, if you're a big risk taker... Then I recommend you diversify your funds on mainly small caps stock and earn much higher returns... But be sure you know what you're doing or you may end up losing more money than gaining.

Best of luck,
Bacchus

Answer 3

Well, that only leaves you with 9k after your payout. I would say to treat yourself with what you think is most important to you with half of it and put half of it in a high interest savings account and save it for when you are really down and need it. You never know when you may need some extra money or what may happen in the future to where you will need to fall back on that little extra.
Life holds many surprises and some of them are not so pleasant. As a woman it is always smart to have your own little nest egg put back for yourself.

Answer 4

1.Invest in a high yield CD every 30 to 60 days. Once the CD matures, shop for another CD and invest it. make money on your money.
2.Start your own business.
3.If you need a car, then buy a used one.
4. Start an ebay store.

Answer 5

SAVE IT!!!

Back when I would get money, i wish i couldve gone back and saved it, instead I wasted it on useless crap an now regret it, even years later. Saving it is such a good idea because you can get a great car, or travel somewhere cool later on, if you keep on saving. Saving is so important!! Dont blow it like I did.. I truely regret it!

Answer 6

Invest it. If you start spending it, you'll keep going b/c it's always fun to spend, right? And in no time, your balance will be gone.

Be wise from the start. Find a good brokerage firm to assist you, and even seek the advice of a financial consultant.

Answer 7

You want a HOT tip??? Hard times are coming. So take your $$$ and "sit on it". -Squirrel it away into high interest bearing C.D.s or a good Internet Savings Account. (No, I DON'T work for either...-but I DO know something about Economics...). Someday- you'll be VERY glad you did. :)

Answer 8

if this's ur hard earned money u better save it in the bank or buy unit trust in opened market,otherwise u can go 4 a trip to somewhere u like.take care.

Answer 9

Put it in a term deposit that earns you high interest for a year or two, till your a little more mature to make sensible decisions re- money.
Buy clothes?? Don't waste your money.

Answer 10

Yeah.Save sum.U x noe when u might need it.N spend sum.N err.Give to charity sum.Well sum ppl believed that da more u gv,da more u'll get back.Hv fun n tk cr.