How to Invest $10,000: The 11 Best Things to Do With Your Money Build Up Your Emergency Fund. Stash It In a High-Yield Savings Account. Pay Off Your High-Interest Debt. Invest In Mutual Funds or ETFs. Get the Full 401(k) Match from Your Company. Max Out an IRA. Max Out an HSA (and Save on Taxes) Open a 529 Plan for Your Kids. More items... Mar 7, 2023