How Should I Use My Extra Cash?
What a blessed day for me!
A couple of months ago, I got not 1 but 2 tickets for an expired tag/invalid license. When I got my tax refund, I allocated $500 to pay the tickets. However, the tickets got dismissed in court today (Thank ya Jesus!). So… What should I do with the money? I have a few things I can think of offhand:
- Invest it in the Stock Market (a bit risky, but stocks are pretty down right now, so it might make for a good opportunity to invest once the market rebounds)
- Make a payment on my car note (getting ahead on car payments is always good)
- Apply it towards student loans
- Spend it (I could use some new clothes, household items, etc.)
- Buy an iPad
- Save it for a rainy day
One thing I don’t want to do is spend it all frivolously, but I kind of want to spend a little on myself too. What would you do in my position? If $500 opened up for you, how would you allocate the funds? Is there anything you would add to the list?
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