<prompt> Human: I recently received a full scholarship including room and board at my school. Which means that the scholarships and grants I once used to pay for school will now come back to me in the form of a refund each semester until I graduate. I will have an estimated 55 thousand dollars when I graduate. I want to save for law school, buy a car and still properly plan for the future. Another thing about that, the Army will pay 65 thousand of my law school fees but its up to me to come up with the rest. I do have a part time job and receive a monthly stipend during the school year.  <response>: It is a pretty simple, all the money goes to a savings account. When your savings fully fund law school, build an additional 6 months expenses 3-7k minimum into a savings account.Money above that can be invested. The rule of thumb is 3-7 years. The best option is a Roth or IRA with Vanguard Retirement 20XX; make sure you understand the withdrawal rules before you contribute. If you have TSP, that can be useful too.The car, avoid it for as long as possible, it only costs money. When you do buy, get something 3-6 years old with 50k miles. No trucksSUVs unless you actually use the bed. 