I'm about to start my first "professional" internship/job, but I will be getting paid. I will be making around $1100 every 2 weeks and saving around $8800 during the whole summer. This is more money than I have ever had to deal with at a time.
Is the best way to save money and still have some spending cash giving myself a weekly allowance? Or should I set money beforehand for the things that I plan on buying (ie: I want to buy another keyboard 50$, I want to have enough money to go out for food at most twice a week 60$, etc)
Also, right now I just have a regular checking account. Should I be getting some other kind of account to make/save more money? Should I be using a bank at all (keeping money in a safe instead?)
Thanks for your help.