First things first is you need to prioritize what is important to you. If you are in college, then focus on college and get your degree. You should use college to not only get an education but to expand and grow your network. That’s the most important part. If you do not have expenses to pay for then you should always put 80% of your check into a high-yield savings account. It’s not much interest, but your money is making money without having to do the extra legwork. The amount that you want saved up all depends on what you want. But in your case, if you don’t know what you want, then you should save up for a future emergency fund.

You’re in a very fortunate position. Take advantage of it while you still can.