What Would You Do With $1,000?

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This is a titanic article as they all are. I have been wondering wide this an eye to some measure now. Its vast to get this info. You are reasonable and balanced.

Minioxync of AL 3:18AM January 17, 2010

Bookmarked this. Thanksgiving owing to you after sharing. Definitely value my time.

isotIdiothNet of AL 8:39PM January 08, 2010

I would pay my car fixing at my local garage, since I can't pay, my beautiful Diane(thats her name) is stuck there for non payment, thats what I would do right now

Jocelyn D. 3:24AM September 12, 2009

As I am a founding director of a global networking system I have been taught and now teach 2 simple success principles. 1. Tithe to charity and 2. Pay yourself first.
With $1000, even today, I would give 10% to charity, 10% to an IRA (or invest in a part time business), and the rest towards "handling" life. If a 20 year old would put $100 per month away in a compounding interest entity, by the time he/she was 60, there could be well over $1 million in the account. This is what I have done and will continue to do and teach others to do.

Jeff of OR 7:14PM May 13, 2008

As a grad student, I get paid significantly less during the summer than during the academic year (don't ask me why that is -- I have just learned to accept it). Unfortunately, summer is also the time when I like to visit college friends who are scattered around the country, since the weather is nice and they are usually less involved with their own grad programs. Even though it might do better going toward my student loans, an unexpected $1000 would likely go into my travel fund. What can I say -- I miss my friends!

Miss Grad of NY 1:45PM May 09, 2008

is splurge a little, then use the rest as if it were just extra regular income, with an emphasis toward savings.
I think it would be important to use this windfall for a small luxury. Karma has given me something out of the ordinary and I should use it for something fun and cool and possibly not the smartest thing to do. I would use the $100/day rule before picking this item. If I wanted to get something for $300, I would have to wait 3 days then I could buy it. I would limit this to up to 1/2 of the money.
Then, whatever is left, I would do whatever I would be doing with extra money in my paycheck. If I was paying down debt, i.e. in the Ramsey baby steps, I would use it for that. If I was saving for a particular goal , like a house or school, then it would go there. Or to retirement.
Key for me would be to use some of it for a pure want to celebrate my fortune and perhaps the item will remind me of that, and then also to use some of it practically to make my financial life better.

Jim of MI 1:00PM May 09, 2008

Currently, the student loan market is in a terrible state due to the credit crunch. There are lots of college students that can't get the loans they need to continue their education because investors fear to buy any debt. I would take the $1000 and lend it to college students via prosper.com. It’s a small start but perhaps it could make the difference between continuing or not for a student.
-Rick

Rick Francis of TX 12:45PM May 09, 2008

I would buy $1000 worth of Metro cards and get 200 free rides on public transportation here in NYC

juliett of NY 9:37AM May 09, 2008

I am an author and I regularly contribute each month to Make a Wish, and I intend to contribute a percent of my book sales to Make a Wish also. I would donate the full $1000 to Make a Wish in my area, which would be Albany, NY. elaine

elaine williams of NY 5:28PM May 08, 2008

My Husband & I spent all last year getting out of debt. We're working on getting our down payment for a house. So 90% savings for the house. 10% Give Give Give.

Jessica of MN 4:09PM May 08, 2008