Saving up $1,000 in your checking account is a big milestone. But leaving the money in checking likely doesn't make much sense since most checking accounts pay minimal or no interest.
Once you've worked hard to amass $1,000, you want to put your money to work for you. Here are eight money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.
Invest in Apple, Amazon, and other companies for just $5
Once you've built up your savings, one important next step may be to come up with an investing strategy. Even if you decide not to invest a lot of money, don't let that stop you — you can start investing with $5 or less.
Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more 1 . Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.
If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way.
As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio. 2 Want even more tools and guidance? If you choose the Stash+ plan 3 when signing up, you can earn 2x stock rewards when you spend on eligible purchases! 4
- Get $20 to make your first investment
- Invest in stocks, bonds, and ETFs
- Fractional shares available
- Start investing with just $5