<prompt> Human: Ive been working a part time job for about 5 months now and I wanted some help on some options for my savings fun and perhaps making a car purchase in the near future. Currently my plan is to put every other check into my savings account from chase that barley gathers interest. Ive got about 1000 saved up within 6months.Could I, and should I put my money elsewhere? My options are limited as a 16 year old but any advice would be helpful.  <response>: With the short time horizon youre looking at, cash savings is your safest bet. Investing it will have a risk of losing some of your principal before you go to use it. Find a good interest rate and just let it soak. 