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CCF: How to Spend Your $50K Prize

[COMMUNICATED] Winning $50K may seem like a dream, but for one lucky winner it can become reality this Labor Day, September 3rd, 2018. So, start considering your options, because winning the Chicago Chesed Fund’s 4th Annual Raffle could mean a brand-new Tesla or $50,000 cash in your pocket.

Here are some ways to wisely spend your newfound money if you choose the cash prize:

  1. Eradicate the debt

The most risk-free way to spend your money and put your mind at ease is to start tackling your debt. Whether it’s credit card debt or personal loans, eliminating debt removes a heavy financial burden, frees up daunting interest fees, and will allow you more freedom moving forward.

  1. Put away for your kids

We all want the best for our children and securing their future is an excellent way to invest your money. In 2016, the average college graduate racked up $37,000 in debt. Designate funds towards their college tuition and avoid hefty loans bound to cause unnecessary stress.

  1. Invest

What’s better than having $50,000? How about $100,000? While investing your money is unpredictable, finding the right balance between risk and reward is key to a wise investment plan. Explore investment options, such as real estate, an index fund or a promising start-up business.

Click here to purchase your tickets.

Drawing will be held Labor Day, Monday, 9.3.18

Ma’aser money can be used towards the purchase of raffle tickets.

The Chicago Chesed Fund is a nonprofit organization committed to helping families in crisis throughout the Chicagoland area. It provides critical assistance in the form of goods, services and financial support in an environment, and through programs, that maintain the dignity and integrity of each and every recipient.

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