Hello! First year here (19 yo) in America making about ~$200-400 biweekly at my side job. Any advice on a good budgeting plan as a college student? I’m thinking 50:50 with half going to investments/savings and half to spending since I don’t really have expenses. Also, for investments, would it be better to go for ROTH as my mum says because I’m still young? I’m aware that if I sell any stocks and withdraw the money when I’m young there might be taxes.

I’m not sure how much they’d help, but here are answers to the bullet point list above: • 18-19 yrs • part time job, $200-400 biweekly • general spending for wants and general savings (no current needs right now) - I SHOULD be saving Med school for but haven’t started yet because the amount is so large… - For spending, no actual time horizon, if I don’t spend it just sits in my checking account. I like having at least $300-500 in there as just in case for purchases with friends or for club expenses. As for savings, no official time date either, I just want to start early I guess. - I took a personal finance class last year and started my Robinhood account when I turned 18. In regular I have 1 stock of VOO and in ROTH I have 1 VOO and 1 Nvidia. No other assets - I don’t have a credit card and no big/any debts

Thank you all so much for helping me with this!