[terry1156]

First, let me be the first to congratulate you on beginning your savings so early. I'm sure a lot of us here wish we had done the same thing.

I would consider opening a ROTH IRA putting the money in a fortune 500 index fund. Starting at 19, you would only have to fund it for a few years to have your retirement savings set due to the wonders of compound interest.

Since with $1000+ that you can save a month, you'll still have money leftover after that. I would begin saving the rest for things you will need when you move out on your own - a car, a down payment for a house, etc.

You have a lot of options open to you and by beginning now, you will be in great financial shape in your later years.