<prompt> Human: Ok, so i know im not planing on getting rich off of this, but if i could get some advice on what to do with it for the long term that would be great. I have heard that i could put 2000 a year into something but im not really sure what to put it in, or is that too little keeping in mind that i want spending money.I dont have to pay for anything, my mom just says that she wants me to put alot of it away for college and future stuff and the rest i get to pay for.Thanks for any help at all. And it doesnt matter how old the post is, if you have a good idea please share  <response>: What Id do is get a checking account and savings account. When you set up the savings account you should ask for them to automatically put a certain amount of money into the account on a regular basis. Id do 200mo or 50wk or more if that works for you.Never cash your checks and regularly check your balance. Services like mint.com are great for seeing how you spend your money.If you really want to save your money for college or something and arent going to touch your savings for a long time, you should set up a CD certificate of deposit. The interest rates arent that great, but if you arent doing anything else with the money, it truly cant hurt. Your bank will have more info. 