How can I turn $1,000 into a steady monthly income?

Budget, Savings 1 Minute

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Question: How can I turn $1,000 into a steady monthly income?

To repeat what others have said, there are a variety of ways to produce steady income. Whether or not they exceed your expectations/threshold is a whole other question.

For example, place $1000 into a high-interest savings account such as Ally at 1% interest would yield just over $10 of cumulative interest. See below:

$10 of savings interest is still better than $0.

Hope this helps. Good luck!

Published by Yarty Kim

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