Advice on just starting out
So, I came first in school and my school offers a free no tuition fee policy for topstudents.
My parents have asked what I want to do with the money they were going to use as the fee ? I don’t want to spend all of it on material things. How do i invest/ensure that it is being thoroughly utilized?
Should I have them open a minor savings account and make them deposit the money there?
(I have a measly amount of knowledge on finance and am still a minor)