<prompt> Human: So my mom has always supported me financially, paying for my college and other expenses etc etc. Because of this she never had a lot of money for herself, just enough to get by. I recently graduated college and got a job so Im self sustaining in terms of finances. Now that my mom has all this money she doesnt know what to do with it. She now wants to give me a good amount of her paycheck to hold on to so she doesnt spend it. So rpersonalfinance what should I do with this money my mom is giving to measide from putting it into savings?  <response>: Amount of the money matters. If its hundreds, then just park it in a savings account somewhere. If its thousands, then the time she might want it back matters. If its in a few years, then maybe a CD might be appropriate. If its longer, then ask her how she would feel about you investing for her - you could lose some of it, but it will likely earn more than just parking it in the bank. 