Depending on what kind of job you have, you may not feel like you can invest an extra one-hundred dollars from your paycheck each month. But if you don’t want to work forever, investing that money is exactly what you should do. Here are three great destinations for that hundred dollar investment that you won’t regret…
Retirement: Hopefully you have a 401k and you’ve been contributing to it regularly since you were first offered the option. If you haven’t made slight adjustments to your retirement contributions each year, now is the perfect time to start. Don’t feel like you have up your contribution by any enormous amount, but an extra $100 a month would be fantastic. If that’s no problem for you, consider increasing your contribution by 1% at the first of every year for as long as you’re comfortable.
Debt: If you’re battling debt by simply throwing some money at it from time to time, you’re not doing yourself any favors. Add that debt to your monthly budget and put a nice big number on it every month (hopefully your payment is less than 100 bucks). Paying more than your monthly payment is the only way you’ll ever get out from under it.
Education: By investing in training or school, you’ll be bettering yourself and your future. A new degree could lead to a new position up the ladder and help you on your way to the top.