Should I spend my savings if I will earn it all back once I get a job?
I have £4k investing in stocks & shares that I do not intend to spend at university. I have so many things I have always wanted to buy, but I told myself I would not under any circumstances spend my savings unless I absolutely needed to. I feel like in a few years £4k won't mean anything, and when I get a job I'll instantly make all of it back. What do you think?
Forgot to add, I am 18.
Well it depends on the kind of job you’re talking about. If you start earning £100k then of course you’ll make it all back very quickly, but if you start earning £30k then you won’t, and from your salary you will then need to deduct costs for rent, transport, food and so on.
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