I have been saving those money since 15yo to the time when i will be wise enough to spend them. i already have everything prepared for my university. and i hope am getting grant. So, $800 is money that i can manage freely
I had a bit of research, and come up with smth like this:
$450 keep as an emergency fund
$50 first steps to investing,
$200 long term investment like ETF
$100 little budget for a project that i got in my mind
I am 18 yo with $800 need in advice
byu/Mysterious-Sail-4650 inpersonalfinance
Posted by Mysterious-Sail-4650
3 Comments
There is not investing to be done here my friend, with 50$ dollars investing is like a invisible fart, im 19 and have 4000€ invested, even this is a light fart into the air. You need to make money, to make more money, investing wont make your well off if its 50$.
So 450$ covers 3 or 6 months of all of your expenses?
This is a wonderful start! Ignore the cynics. The fact that you are thinking and thinking longterm instead of just spending is wonderful. Small, consistent beginnings can make large, wonderful endings. Keep learning and saving.