<prompt> Human: My 16 year old daughter just got her first job. Shell only be making about 100week and shes very excited. Weve discussed that a majority of the money will be saved 75 and she can use the balance. What is the best way for her to save this money? Should she just put it in a savings account, or would a CD, savings bond or some other account be better? This wont be used for college thank you GI bill!, but Id like it to be accessible if needed.  <response>: 1. Its her money. Dont tell her what to do with it.2. Shes 16 and its 100. How much will it really impact her life? Dont try to get her to save all the money unless she wants to.3. The big thing for someone that age is a car. The next is frivolous purchases. After that its money for college and traveling. Teach her saving her money will allow her to buy a car andor have money for collegetraveling. Spending the money on stupid stuff like 150 jeans will prevent her from doing those things. 