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.

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Pay down credit card debt
Pay down credit card debt
For every $1,000 you carry from month to month on your card balances, you pay $150 a year in interest at today's average 14.99% rate. Knock down that debt and stop the bleeding -- plus you'll boost your credit score.

NEXT: Update your estate documents
Last updated October 12 2009: 5:19 PM ET
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