You have my respect, sir. I suggest that you either give the money to your parents, or ask them to open a savings account with you at a bank. Then, you and your parents could save money up that way for your future. You could use said money to help with college or another job or what-have-you.
Being a college student myself, I can tell you that college is very expensive and that you should save up early if you want to make it out with money to pay off debts.
