In this economy, $ 5,000 can feel how much more money than they were a few years. There are many ways you find yourself with an extra $ 5,000: a bonus at work, inheritance, an additional contract job that you did not expect, or a tax refund. Maybe you have it now or you are expecting it soon, but regardless of the timeframe that you expect to do with the money? Here are a few ideas that may help from Personal Financial and Investment Consultant Irakli Berdzenadze:

Pay off Credit Cards
If your household has credit  card debt, you have, on average, $15,956 worth. Almost one third of that  debt could be wiped out with that $5,000. If your credit card interest  rate is average, you are paying 13% ,or $650 each year, to hold that  balance. That $5,000 could reduce the interest you're building up by $54  a month. How long was it going to take you to save $5,000 for the sole  purpose of paying your credit card debt? If it was two years, you just  saved $1,300 making the return on your $5,000 - 26% over two years or  13% per year. Any investor would be very happy with that figure. Although it's not necessarily fun, the best return you'll get on your  money is to service your debt.

Bond ETFs
An ETF is a basket of investment products  packaged into one fund. They often come with low fees, yet offer the  safety of a diverse portfolio. Some of these ETFs hold bonds, which are historically safer than stocks.  Some bond ETFs have dividends of 7% or more and, barring any large  investment market event, those dividends are quite safe, because of the  hundreds or even thousands of bonds held in these funds. If you choose  to invest in Bond ETFs, you may need to ask for help from a trust  financial adviser.

Start a Small Business
If your debts are paid, you  don't have children or you're well on your way to having your kids'  college education paid for, consider starting a small business.  To get your business off of the ground, $5,000 may not go very far, but  some service-type businesses have very little startup costs. Before  committing the money to a small business, make sure to carefully weigh  the time and financial commitment that will come with this type of  endeavor.