<prompt> Human: So, I got a big scholarship from my school, and when I added that to my yearly stipend AND my housing credit, I discovered that Ill be receiving about 17,000 this year two checks of 8,500.I dont see my monthly expenses being much more than 1000, including rentutilities, groceries, and entertainment... that leaves me with about 5000 for the year optimistic estimate....I have never been in charge of NEARLY this much money before, and I dont know what to do with it. Should I put it all in savings, and then take my required monthly expenses out each month? Should I invest some of it?... help. cluelessEdit: Thanks you guys!  <response>: Personally, Id toss it into savings and get a jump start on that emergency fund. When I got out of school, the only cash I had was the security deposit from my last apartment. I spent the first few years of my real world post-college oh god I have to do this every day working life building an emergency fund, and having a 5000 head start would have been nice. Alternative advice: Buy a jet ski. 