It's a bit more complicated than the title but it pretty much sums its up.
Backstory: My family of 5 was never rich, we weren't poor but we definitely weren't average. A couple of years ago I remember hearing from my parents telling me that their best financial year was around 35k, and this is all the money combined from the both of them. In 2012 my father passed away because of cancer. I don't know the full details but we've had help from the government since (Until I'm 18 I think or until I graduate high school, not entirely sure). My mother told me we would receive around 900 a month to cover every day expenses for our family. Also we received a different income from social security. This money was to be spent on me only, since all of my siblings weren't minors. But since it was surplus money and we could get by without using that money, she decided to save it.
So right now it all totaled to 10k. The money was being held in a savings account under her name. A few days ago we received a letter from social security stating that they want that money to be placed in an account under my name. So today we went an created a checking and a savings account. Currently there is 300 on the checkings account and the rest in the savings.
I'm asking for help because I want to make the most of this money. I don't want to blow it all on stupid shit and regret it later. I don't have a job right now but I'm currently looking. I have around 350ish saved from my previous job all in a wad of cash. The only expense that my mother wants me to do is to buy a car for me since I don't have one (And I kind of do need one). After that, it's free game. She's not going to control what I do with that money. Any advice?
Edit: Also I plan on going to community college after high school. I live in the state of Tennessee and we get offered the "Tennessee Promise" which basically gives me 2 paid years of college.
Submitted February 11, 2017 at 09:33PM by Sauc3_Boss http://ift.tt/2lBNTbM
