LOL. You guys have a no plan plan. So this is how I would split it. 1. Do whatever I want with this portion. (e.g. video games, call of duty black ops (yes I am that poor) xbox live) 2. Reserve this portion for a car. 3. Place this portion for college. Now, I don't know how much 1000 pounds is in american money, however, I *think* that it is around 1250. I didn't check up on it.