What Would you Do with a 5,000-Dollar Personal Loan?

What Would you Do with a 5,000-Dollar Personal Loan?

What Would you Do With 5,000 Dollars?

Sometimes extra cash can make a big impact. Find out how some people would use a $5,000 personal loan.

Your dream vacation. A new car. Reduced debt. A personal loan can help you unlock the possibilities of your future and move closer to achieving your financial goals. With a single monthly payment, personal loans can be a more manageable (and often less costly) option than juggling hefty credit card bills.

So, we asked people around the country: What would you do with a $5,000 loan? Here’s what they said.

I would travel to the United Kingdom to discover my ancestral roots.”

Traci F., 60, Chicago

I’d use $3,000 to help fund my startup, and I’d use $2,000 for a vacation with my family.”

Hari J., 54, Atlanta

I’d go on a trip to Mexico with friends.”

Usman M., 35, Albany, New York

I’d take my dream vacation to Patagonia and go hiking through the Andes Mountains.”

Henisha D., 27, San Francisco

I would put half of it toward my remaining student loans, and with the other half, I’d buy a new sofa and a nice meal.

Tessa D., 28, Omaha, Neb.

I’d vacation on a boat and try to complete a short story I’ve been working on.”

Evan B., 35, Boulder, Colo.

I would pay for my IT classes, and I’d also book some time to record music in a real studio.”

Mikel A., 30, Chicago

Home renovations, since I’m always working on my house. I really need to replace the bathroom floor and sink.”

Jennifer L., 54, New Orleans

I’d pay off various debts — student loans, car payments, and credit cards — and then I’d put the rest toward a vacation or something that I really want to buy at the time.”

Dustin C., 41 Bothell, Wash.

I’d pay off my highest-interest-rate credit card. Then I’d stock up on essential items for my young son.”

Connor D., 37, North Liberty, Iowa

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