I am looking towards depositing about $700~$1000 of it in something that will hopefully bring in some good interest returns, and at least something that does a lot better than my current "savings account".
My family resides in the same city that I'm in, and they encourage me to do start investing my idle money as well, and told me not to worry about an emergency fund.
I barely spend any money on a regular basis, so the leftover $500 or so after placing the rest in investments is sufficient for everyday needs (I'm also going to pick up a part-time job next semester at my university that will allow me to receive a little bit more pocket change).
Also, I am currently a full-time student with a lot of extracurricular activities, so I was hoping to find a plan that has minimal requirements on how much you need to actually spend time researching about the day-to-day, or week-to-week fluctuations of the market.
If a Roth IRA is good enough, and other options are only marginally better, we were thinking that the Roth IRA was the safest and conventional way to go about things...