I received the $500 like two weeks ago which I am very happy since I do not work anymore. My husband has been talking to me about investing that money and some of my savings as well instead of having them in the bank? any suggestions?
Part of this depends on your goals and whether you have any immediate need for that money, either for purchases or as an emergency fund against unexpected expenses. If it's for either of these, you're probably better off keeping the money in a bank account for liquidity and preservation of capital. Otherwise, you may want to look into investing the money because holding those funds in a bank account is likely losing money to inflation. Consider how much risk you're willing to accept and see what investments you'd be comfortable making.
