[Pythonmac-SIG] where do I store my Python programs

[beegee beegee]

Hi All, I have a mac mini mac os 10.4.11.  I also have aquamac for an editor.
I have some simple programs stored in text files. and I try to run
them using aquamac, but I get the following error message
steps taken:
launch aquamacs
File -> new buffer in new window
File ->new buffer in mode python
Python-> start interpreter

>>> python first.py

 File "<stdin>", line 1
    python first.py
               ^
SyntaxError: invalid syntax
>>>
I would like to know if this is a case of files not being seen by the
python interpreter or what could be done
Regards