what to do with 5K?

[warrior1]

I have 5000 dollars that I just leave there if you know what i mean. What do you suggest i do with it to make something out of it? Someone told me that money not used loses to inflation. I am 21 years old and have never done anything with stocks or anything like that. I do have a savings account that pays 0.25 percent interest which is nothing and a checking account.

 

[flnazrael]

Give it to me.

 

[~attrACTION~]

Buy yourself a nice blazer.

 

[Skel]

Save it for a rainy day

 

[seagull]

Put it in an account that pays a decent amount of interest until you figure out what you want to do with the money.

 

[jlr12584]

update your wardrobe within the last 6 months if you havent already... invest in workout products... tanning bed package... anything that helps improve yourself. put the rest into a nice savings account or if ur looking for long term investment go with a mutual fund.

 

[bigjohnson]

Hang on to it, if the investing bug is upon you get professional advice, not a bunch of random people sitting in their mothers basement reading Internet forums .....


One thing that's true for a lot of people is that saving or spending is habit forming; I suggest you begin a saving habit now.