Where to put $5,000 now

What would you do with a million bucks? That's easy. But what about five grand? With a handful of broad goals in mind, here are Money Magazine's picks.

By Asa Fitch and George Mannes, Money Magazine

Best way to advance the clock:<br>Prepay your mortgage

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Goal: Enhancing your home

Best way to advance the clock:
Prepay your mortgage

It's no financial home run, but it can make you feel better.

Putting $5,000 toward principal saves you interest and reduces the life of the loan.

The second option has similar benefits but keeps the $5,000 available for emergencies.

What would you do with $5,000?

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