Hallelujah! You have money in the bank and an itch to spend it. As a young individual with no real obligations or financial responsibilities to speak of, this is a position most people would envy. However, before you blow your funds on a fabulous vacation, let’s examine some other options.

1. Build a solid savings account. I know, that sounds boring. BUT – those financial responsibilities will be here before you know it and you will be happy you created some breathing room for yourself.

2. Take a mini, budget-friendly vacation and save the rest. Treat yourself for being so savvy with your funds in the first place without zeroing out your cash.

3. Identify a goal for the money. Are you hoping to attend a specific college? Is there a pricey city in which you’re dying to reside? Once you have a reason to keep saving, it can be exciting to watch the amount grow as you get closer to your goal.

4. Give back. It is always a good idea to give what you can, when you can. This doesn’t mean you need to donate all of it to your church or a cause of your choosing, but set aside a portion of it to bless others and you will find you are blessed in return.

As with other decisions, pray before deciding. If you keep God in your financial decisions, you will be able to handle your money rather than allowing your money to handle you.