SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/teen-short-term-goal-savings

For a goal within a year or two, where does the CFPB say money is safe?

Short-term goals suit a savings account.

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  1. Individual stocks
  2. A friend's business
  3. A savings account ✔

Why: Savings accounts are safe and help make sure the money is there when you need it. Money for goals more than five years away can be invested, with some risk.

Huh, didn't know that: The CFPB suggests thinking of a short-term goal as something you want within the next year or two.

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Why did the CPAs finally call off their on-again, off-again romance? They couldn't reconcile their differences.
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References

Answer: A savings account. Savings accounts are safe and help make sure the money is there when you need it. Money for goals more than five years away can be invested, with some risk.

  1. CFPB Money as You Grow: Teens and planning www.consumerfinance.gov/consumer-tools/money-as-you-grow/teen-young-adult/explore-planning
    Savings accounts are safe and help your child feel sure the money will be there when they need it.
    Checked 2026-10-10.

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