10 Great Ways To Use $1,000

1. Invest it wisely

Even while a six-month Treasury bill can still yield more than a 10-year T-note (4.1% in late August), it's time to think about locking in today's higher rates for a longer period of time.

2. Share your generosity

There are numerous worthy causes to support, and as the year winds down, you may not have time to pick which charity (or organizations) will make the best use of your funds.

3. Boost your savings

To combat inflation, the Fed hiked short-term interest rates from near zero in March 2022 to a recent target range of 5.25% to 5.5%. As a result, CD rates have risen as well. 

4. Pay down debt

Credit card debt is especially problematic because interest rates are typically high recently an average 22%, according to the Fed and most cards have variable rates that climb in tandem with the Fed's interest rate objective.

5. Get a new-account bonus

Some credit cards provide a significant amount of extra cash, points, or miles if you spend a certain amount during the first few months of starting the account.

6. Make upgrades at home

Whether you want to bring the movie theater experience home or you want the finest possible viewing experience while watching your favorite sports and TV shows, investing in a high-quality TV has its advantages. 

7. Get ready for your next vacation

One of the greatest times to buy flights for next summer's trip is during the holiday season. A $1,000 budget should allow you to purchase at least one round-way ticket for an international trip.