CreditDonkey asked a panel of industry experts to answer some of readers' most pressing questions, and Professor of Economics Dennis Hoffman shared the best way to invest a windfall of $50.

In this story published Oct. 2, 2020, on CreditDonkey:

If you have any outstanding debt, use the $50 to pay it down. If you expect have to incur any debt in the near future, save the $50 until then and borrow less. If you are near retirement, just keep the money in cash or a low-interest savings account.

– Professor of Economics Dennis Hoffman, who's the director of the L. Seidman Research Institute