What could I do with 500?
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What could I do with 500?
15 of the Smartest Things You Can Do With $500 Right Now
- Invest in an index ETF.
- Pay down credit cards.
- Make an extra payment on a mortgage.
- Start an IRA.
- Consolidate some debt.
- Buy life insurance.
- Fix your car.
- Get a health screening.
Where should I put my cash right now?
Here are a few of the best short-term investments to consider that still offer you some return.
- Savings accounts.
- Short-term corporate bond funds.
- Money market accounts.
- Cash management accounts.
- Short-term U.S. government bond funds.
- Certificates of deposit.
- Treasurys.
- Money market mutual funds.
How can I make $500 fast?
Gigs through Gigwalk pay anywhere from $3 to $100. The better job you do at completing your gigs, the more high paying gigs you can be offered. Doing odd jobs and tasks is another way to make $500 fast and there are a few different ways you can find those jobs.
How quickly can you make $500 a week on Instacart?
How quickly you can earn $500 depends on how many orders you deliver per day, the tips you receive, and when you make deliveries. You’ll earn more during peak hours, but it is possible to make $500 in a week. Related: How to Become an Instacart Shopper 2.
How long does it take to make $500 a week as a sitter?
Like many of the other options on this list, how quickly you earn money depends on how much you charge and how much you work. If you charge $20 per hour and babysit three kids per week for five hours each, it would take you just under two weeks to earn $500. 5. Repair broken screens
Should you invest $500 in an IRA?
IRAs are one of the best investment tools out there, because contributing to one can save you money at tax time. A traditional IRA, for example, allows you to take a tax deduction in the amount of your contribution. So if you’re in a 25\% marginal income tax bracket, the tax savings are meaningful on a $500 contribution.