Attention savers: Here’s five ways to put $5,000 to work

Why squander a windfall when you can invest it. $5,000 could put a big dent into a long-term savings goal - especially for those of us who haven\'t been saving at all.

If you received a $5,000 bonus, what would you do with it?

For many, such a windfall would be quickly squandered on shoes, electronics, or dinners out. For other people, the extra cash would just be a method to put out some financial fires. These folks would probably require the money to have an overdue bill or day-to-day expenses.

But for those of us with a little discipline, $5,000 could place a big dent into a long-term savings goal. That\’s doubly essential for those of us who weren\’t saving at all. Perhaps the best thing you can do at this time is to put those funds to work for you thru investing.

Now, some would argue that a $5,000 windfall is a fantasy. However, this is an attainable figure for a lot of. If you can save $100 a week-about the amount many families spend at restaurants-then you can put away $5,000 in under a year.