If you want to save less than 5 years, banks with CDs or high yield accounts are your best bet. The stock market is far to volatile for short term saving, you really need need 5-7 years of investing to make growth likely.
With cars specifically, an option is to use existing car + bank account to buy a better car for cash on a 6 month to 1 year timeline. This works because at the low end cars don’t really deprecate until they break. This stops working well in the 10-15k range.
If you want to save less than 5 years, banks with CDs or high yield accounts are your best bet. The stock market is far to volatile for short term saving, you really need need 5-7 years of investing to make growth likely.
With cars specifically, an option is to use existing car + bank account to buy a better car for cash on a 6 month to 1 year timeline. This works because at the low end cars don’t really deprecate until they break. This stops working well in the 10-15k range.