<prompt> Human: Im looking to make a particularly greedy purchase in a years time. I own a 06 corolla right now, but adore the 350z. Its about 89K. I understand compound interest, but not in real world reasoning.Whywhat is a better use of the money I make monthly? Jc is cheap. UC is 8k a year but down the line.  <response>: You can use compound interest calculators online to calculate how much money youll have in the future. If you want to buy that car in a year, compound interest isnt going to help you much. I would advise you to put the money in a savings account, because money in a savings account is safe. I admit that the interest you can currently get on a savings account is quite low, but there is no other safe option where you can put your money in and hope for a larger return than that. And you want safe options, because you want to be able to buy that car. 