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Save it. Maybe for college, maybe for a future investment, maybe for a down payment on your first home, or maybe just for a rainy day. It's easy to spend money and hard to save it. If you don't have bills now it's a good time to hold on to it for as long as you can. In a few years you'll have bills to pay and you'll be glad to have a nest egg. Stay out of debt and save what you can. Make sure to spend enough to have fun though, but just don't spend it all.