I've jus got a much needed lumpsum of money, (lets say $1,500) where can i invest the money so it can grow?

The key word in your question is "needed". If you will be needing it and it is the only lumpsum you have, do not invest it at all. Same it in a bank account for when you will need it.

It's very hard to invest a small amount so that you can make any real growth from it. Most investments come with some costs, and those costs will eat your returns if the investment isn't big enough.

Your best bet is probably a CD or a savings account.

It depends on when you will need the funds. With all investments, you have to leave the money in for a certain amount of time and early withdrawals have penalties.

Find out the minimum deposit amount for a CD at your bank. In the meantime, you can always find a savings account with the largest return percentage possible and deposit the money.

Better yet, go to http://suzeorman.com/. I LOVE Suze Orman. Good Luck!

Just give it to me! I can find a good use for it and you won't have to worry about it anymore.

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It sounds like you want to get a good return on your money while having penalty and transaction free access to it whenever you need it.

That sounds like a high yield savings account or money market account.

Emigrant Direct ( http://www.emigrantdirect.com ) has an online savings account that earns 5.05% annual percentage yield on all balances with no minimum requirements or penalties.

You can find more of these kinds of accounts listed at http://www.emoneycentral.com