5 Ways to Turn Your $5 Savings Into Hundreds of Dollars

If you think $5 can’t make much of a difference, then think again. We are here to tell you top 5 ways to turn your $5 into hundreds and thousands of dollars!

August 25, 2021
Manali Misra

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Invest

Making money isn't a chore. It can be a fun activity too especially if the aim is to turn $5 into hundreds. There are many ways to grow your money. Read on to know the top 5 ways to increase your savings.

If you think $5 can’t make much of a difference, then think again because in this video we will show you 5 ways in which you can turn your $5 savings into hundreds of dollars.

How To Turn $5 Into Thousands

Saving $5 a day can help you $1,825 in a year.
Saving 10 bills of $5 in two weeks can give you $100 in just 4 weeks.
You can save $6,890 in a year by increasing your savings by $5 each week.
Compound interest on your $5/day savings can help you save $105,978 in 30 years with an annual rate of return of 4%.
Win up to $100,000 with Lucky by Beem.

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Author

Manali Misra

Manali is a producer and writer with a diverse background in print, web, and broadcast media. She gives form to ideas through visuals and words. Manali has nearly six years of experience in creating personal finance TV shows. In her free time, you will find her curled up with a book or exploring new places on her adventure bike.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.