What to Buy With 100 Dollars: 8 Smart & Creative Ideas

A few weeks ago I get this email out of the blue from Craig…

The email said:

“I found 100 dollars and I am trying to think what to buy with the money I found, I treat this money as a gift and I want to do something smart with it, got any suggestions for me?”

I knew I can’t give a serious answer in a 2-minute email to answer his question fully.

So…

I decided to answer Craig with this post because the amount of smart things to do with a 100 dollars is well…

…HUGE!

I decided to specify the main eight things you can do which I would recommend.

Let’s dive right in.

1. Start your own website

You can easily start a website with a $100, all you need is a domain name, hosting, WordPress and the will to create a website.

Can’t believe it’s that easy?

Here’s how:

Think of what your website is going to be about and give it a name, then head on to “Godaddy” and buy your domain – this should not cost more than 10 dollars a year.
Get a cheap web hosting – should cost around 5 dollars a month or less in most cases.
Install WordPress – this is a free program with many free themes and plugins. Creating a basic website with WordPress is even more simple than using your smartphone.

2. Start Saving Money – or Continue

$100 Can be a good addition to any saving plan you already have or you might start a savings plan if you don’t already have one.

Think about this for example:

If you start a savings plan today with $100 and then add $100 as a monthly deposit through the bank (at a rate of 1% a year) and in 10 years from today you will have around $12,722.

That’s $722 of income without lifting a finger.

3. Invest Smart, Even on Such a Low Budget

You’re probably thinking:

“100 dollars is a really small amount of an investment”.

Well, let me tell you that it’s really not.

You can invest with any amount, you just need to look harder for investment opportunists.

If you think investing the money is a good idea and wondering where to start, refer to my low budget investment post, it might give you a few good directions you can take.

The only important thing is to think of something smart to invest in and actually do it.

4. Listen to Good Advice From Across The Web

I checked what are some popular answers to this question around the web:

“What will you buy with 100 dollars you have found?”

And here’s some answers I liked:

I will do what my dad used to, take a third for myself (invest or save), third I will spend and third I will give to charity.
I will buy new clothes for work which can give me a new dashing look to appear more successful and professional at the office.
I will buy food as this is an expense I have every month on groceries, so cutting my expenses with this $100 will help me to save a bit on monthly bills.
I will buy a present for my loved one.
I will buy a technology piece I wanted for a long time.

5. Your 401(k)

This is just too easy.

Just invest in your 401(k) plan, this will have a good effect in the long run and you can invest the money directly from your paycheck.

Many people skip this opportunity although I don’t see why.

The return will be a great deal for a $100 in compared to other routes you might choose.

6. Capital One 360 Savings Account

I know, we already talked about savings, but hear me out for a second.

Capital One 360 offers a top-notch high-yield savings account with a 0.75% APY.

So…

…How can you see more details and register in case you find it interesting? Right here.

If you’re thinking:

“Hang on, How do I log into their bank account?” – I got you covered with this tutorial.

7. Do Some Repairs Around The House

$100 Can buy you a lot of supplies to fix some stuff around the house.

A few examples:

Fixing squeaky doors or windows.
Repairing or replacing faulty electronic devices.
Painting walls / ceiling.
Replace / Fix a piece of furniture.

8. Pay Your Debts

Got a big student loan or a mortgage on your house?

Paying your debts is a great way to invest the money as you will pay less over time for your loan and will be able to finish faster to pay it up.

Is Something Missing?

Do you think I missed something?

Do you have any other ideas you want to share?

Please comment below and I will be happy to talk with you about it.