<prompt> Human: Now here is some background. I come from a well-off family, so my schooling is being paid for, and I have an old car that I will be able to drive. As of now, and looking about 5 years into the future I have no real expenses. Im wondering rpersonalfinance thinks I should do with the 10,000.PS: Canadian Dollars, not USD  <response>: If you go to university, graduate, and get a good job, it will be about 7 years before you have that kinda money again. Many people have told you what to spend it on, Ill just go in the opposite direction and tell you what not to do with it. Apologies in advance for stereotyping 16 year olds. Dont spend it on some new hobby. Dont spend it buying your friends drinks at the bar. Dont spend it on a gift for some girl. Dont buy a nicer car. Not gonna say dont spend it on road trips vacations, but budget yourself. Unless your parents are chipping it, thats not enough for spring break winter getaway to somewhere warm some outdoor concert in Vancouver every opportunity that comes up. I would say you could afford to do one of those things per year. 