<prompt> Human: Im 18 years old, just got my second paycheck, living with my dad and have no bills. Im working at minimum wage. My question is on saving and spending my money, what percentage to use for fun and how much to squirrel away into a savings account. Im thing somewhere along the lines of saving 70, perhaps? I have no payments that my parents want to me to make yet and am going to college right now. My schooling costs tuition, books are covered, respectively, by a scholarship and 529 plan.Any advice?  <response>: It depends on what your future goals are. Are you certain that you wont have any student debt? What about if you get another degree after this?Do you want a car, a house?Do you or should you be paying for your cellphone, eating out, etc? Budget.I guess as a general answer, yes, saving 70 of your income when you have no bills is pretty good. Since you seem to have few financial responsibilities to worry about right now, and are earning an income, you could start contributing to retirement to get the full effect of compound interest in your favor. 