<prompt> Human: I did read through the topic related to this question in the FAQ, but I found it to be far too generalized. I was looking for some more specific answers for my situation.I recently graduated from High School, and, as a graduation present, my grandparents gave me 1000 dollars. My parents immediately took it away, claiming that I would just spend it all on video games theyre not wrong. Theyve said that they were going to do something smart with it, but its been a while and they havent really thought of anything to do with the money, so its just kind of lying around. What are some smart things to do with that kind of money? Im going to a rather expensive private college if that helps to fill in some background info. Any suggestions andor advice would be greatly appreciated, thanks.  <response>: For a high school senior: 20 applications to less expensive but still reputable colleges, to get a degree with a high earning potential. An emergency fund. Your first month of tuition, to avoid taking out loans. A decent suit and quality resume paper for your first degree-related internship next summer. 