<prompt> Human: Hello all!Background - I am a 21 year old college student living on campus. My monthly loan payment is only 106month with no penalty of early pay-off and a reasonable 15 interest rate thanks to my moms perfect credit score of 850 lol. I dont really need you should have done this or that or Man youre getting screwed on this loan type of stuff. All I ask is you please keep it relevant to the questions I am asking. Thanks!! After my laptop ended up being stolen I was forced to take out a loan to buy a new device for school. I have more or less decided upon an iPad Pro setup that will total around 1600 for everything I would need. My loan through wells fargo had a minimum loan amount of 3000 being the lowest you could borrow. With this setup I have in mind, it kind of leaves me with a lot of left over money. My question is, what should I do with the left over money? Should I use the excess to put right back into the loan and pay it off quicker? Or can I use the money towards hobbys and passions of mine that also need funding. My parents think I should just keep the money since it was already loaned to me and just use it on what I need, not necessarily splurge on hobbies. My S.O. is more leaning towards putting mostall of it back into the loan to pay it off early, and I want to use about 23 of it on my hobbies and put the rest back towards the loan. Its weird because I feel like what I want to do is super not adult like and irresponsible, but at the same time, they already gave me the money so whats the problem in using it all? Thanks in advance! Any questions or clarifications needed, just let me know!  <response>: I got a loan for 3k from Wells Fargo when I was about 19 to help pay off some credit cards and 3k was the lowest I could go as well. I only need about 1200 and my plan was to put the rest back into the loan but instead I was irresponsible and bought stuff I didnt really need and looking back I wish I put it towards the loan because it put in a bad spot financially. My advice is to just put it back into the loan otherwise youll have that money just sitting there and youll be tempted to buy stuff that may not be necessary. 