What to do with $1,000 now

Low interest rates and the recent stock market surge make this a challenging time to find the best places for your extra cash.

4 of 11
Upgrade your home appliances
Upgrade your home appliances
Replacing your old machines with energy-efficient ones will cut your electricity and water bills -- plus land you Cash-for-Clunkers-style rebates of up to $250 apiece. Each of the models below is highly rated by Consumer Reports and will set you back less than $1,000.

Appliance: Dishwasher
Model: Bosch Evolution 500 Series SHE55M1[2]UC
Annual utility savings:¹ $31
Cost: $850

Appliance: Refrigerator
Model: Amana ABB2221FE[W]
Annual utility savings:¹ $49
Cost: $950

Appliance: Washing machine
Model: General Electric WCVH6800J
Annual utility savings:¹ $122
Cost: $700

NEXT: Help on a large scale (really!)
Last updated October 12 2009: 5:19 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Source: Energystar.gov
NOTE: ¹Savings in electricity and water charges when you replace a 15-year-old model.
More Galleries
Tools to make your money grow You've started saving and built a financial base. Time for a few new strategies and tools to get your money to grow even more. From real estate to IRAs, here are some tips. More
Ready to start saving? Here's how to do it right When you are just starting out or finally starting to get serious about saving, the basics will get you far. Here are more than a dozen tips that will help you lay the base for building your net worth. More
Our biggest money highs and lows How much money do you need to feel rich? What are your biggest money mistakes? Money magazine surveyed 1,000 Americans for the answers to these and other questions. See how your answers stack up. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.