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What Would You Do With $500?

using an extra $500

I love to find articles about the best ways to use an amount of cash. No matter what your financial beliefs, there are basically four ways to use money: spend it, save it, invest it, give it away. The good folks at Mt Edgecumbe Hospital in Sitka, AK are giving me $600 for meals next week while I’m working at their clinic. Unless I make lots of friends and go out every night, I’ll probably get most of my food from the grocery or as take out since I hate eating in restaurants by myself. I’m guessing that will probably take about $100. That leaves me five Benjamins to use however I want. What would you do with $500? Spend It If I had consumer debt, I’d probably use my extra $500 toward paying it off. $500 is not chump change, and gaining a windfall to put toward debt can be a great shot in the arm to sustain motivation toward debt payoff goals. Since I don’t have that type debt anymore, I could use this money to spend on holiday gifts or for our trip to Mexico that’s coming up next month. We also need a new couch in ...

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