<prompt> Human: Im a senior at University and just recently got 1,500 from a relative. I get aid from my school and work part time so my finances arent a huge concern as I generally have enough money for living expenses and then some for saving, recreation etc. With this extra cash, would it be smart to invest it in the stock market, put it in an interest bearing CD or just a normal savings account for a rainy day? Ive gotten some advice to invest it, but others have told me its better to just keep it liquid and always prepare for the worst. Any advice?  <response>: Its not a large sum. I would keep it liquid as part of an emergency fund, and clearly define for yourself at the outset what qualifies as an emergency. 