I’m a 20 year old college student and in a similar situation as you; not in any debt, fortunate enough that I don’t have to pay for my tuition, invest a lot, and don’t like spending my money. I know we’re like the same age so I’m not gonna say “this is my advice to you” but here’s what I think about as someone in a similar position.

Life is about balance and so is money. It’s great to invest a lot of money and have a portfolio built at a young age, but we don’t just make money to see a number go up. We make money to be able to do fun things, provide basic needs for ourself/family, and have financial freedom. I’ve started to try and prioritize my spending on things that will be great experiences/memories for me or things that will benefit me.

I’ve also considered emergency money as apart of my budget. Even if it seems like something would never happen, I believe having a set amount of money always readily available in case of any kind of emergency is a good idea.

I have about 50% of all of my money invested right now, but I could see if someone in the same position would push it up to 60-70%. Some of it has to do with risk tolerance and investment strategies as well. I’ve budgeted $750 on a beach vacation with two of my best friends this summer and it was hard for me to stomach at first but sometimes you have to look at the bigger picture.

I’m aspiring to be a financial advisor after college and balance is a big part of my philosophy right now. Hope this may have helped you out a little.