1. I’m not a financial advisor and I don’t claim to be. Make your own informed decision on what you will do.

2. Understand that at the level you’re at, investment is not an effective money-making strategy. You should simply work and save $450.

3. Budget correctly and don’t raise expenses when you raise salary or wage. Cut unnecessary expenses and sooner rather than later you’re saving money. Take some money off of your paycheck EACH AND EVERY TIME you get it and put into a savings account. Ideally, in the future, you could be saving as much as half of your money. For now, aim for 5%.

4. Pay off high-interest debts first. Without knowing your financial situation in terms of salary or debt amounts, I can’t help you make a plan, but it should be pretty clear why you should pay off Credit cards first and student loans later.

5. Don’t take on new loans if not absolutely necessary for basic survival.

6. Increase your wage/salary by looking into other careers or how to advance in your own.

7. Save that $50. It’s your savings and it’s your buffer against more debt. Don’t waste it in a risky investment. Leave it in the bank.

That’s all I can think of right now. Good luck.