8 clever moves when you have $1,000 in the bank.
If you are fortunate enough to have an extra grand in your account right now,
here are some creative ways to make that money work better for you.
Having a large sum of money just sitting there really isn't going to do much for you give that the
average savings or checking accounts pay minimal to no interest.
Try these.
1. Fractional Shares. Blue chip stocks are very expensive but you can still get in the game with Fractional Shares. Website Stash allows you to buy the names you know and trust and put that money to work for you and the best part is you can get in for just $1.
2. Car Insurance. We know it sounds cliche but if you shop around....you could be saving hundreds. Also consider paying your insurance bill in full, upfront and you can save some money too. Provide Insurance has a great price compare feature thats worth a look.
3.Transfer a credit card balance to 0% interest credit card. A lot of cards are offering 0% on balance transfers and some even offer 0% APR's for up to 18 months. If you do the math you could be saving quite a bit of cash.