<prompt> Human: Hello all, I am a 16 yo who just landed my first job. Ive been working for a week and began thinking about what I was to do with my first paycheck. Not wanting to be like my friends whove all blown money theyve earned on big ticket items they dont use, I decided to be more frugal and save more money.I make 10.60hr and have worked 40 hours this week. I am trying to make as much money before school starts August 23rd. In the school year, I am scheduled to work 6 hoursweek. I also get 5 a week from my parents for doing household chores like mowing the lawn, vacuuming, and helping my dad with his projects. By the end of the summer, I should have 800 from my job. I have 2,700 in one savings account from birthdayChristmas money and allowance I have saved up. In a second account, I have 300 saved this is the savings account my paycheck will go into. I also have about 125 in cash that Ive been using for little trips to farmers markets and fast food joints.Being a high schooler, my expenses are very low. I dont have to pay for a car, food, rent, anything like that. My only real expense is paying for gas which is about 5 a week, and the occasional trip to McDonalds which is about 10 a week. I ride my bike to work. The only big outstanding debt I have is 275 for a speeding ticket my parents gave me a loan for. I will be going to college, my dream school being West Point. My family has been around the service for a while and Ive always been drawn to life in the military. However, I feel like I save a little bit in case I dont get in. I know that my parents have a generous amount saved for my college education.My questions are as follows:How should I save what should I do with my money?About how much should I keep for myself knowing that I dont want to spend much money?How do taxes work? Ive heard that since I dont make much, I wont have to pay taxesI appreciate any and all responses.  <response>: At your age, the fact that youre disciplined enough and responsible enough to be drafting this sort of post is going to have more of an effect on your long-term future than any amount of money that you put away right now. Obviously you dont want to blow money just because you can, but, at the same time, dont miss out on experiences just to save a dime. 