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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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Rising Star
95% of it into VTI 3hours ago, and the other 5% on hookers & blow 3hours from now
Pro
1) Don’t blow any for a full year. Wait until tax season next year is over to be sure.
2) Dollar cost average I have no advice for.
3) Spend whatever you want. It’s your money.