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For now, I think your priority would be saving up for an emergency fund before investing. If you are paying your own school fees, I would advise you to only start investing after you have saved enough for your school fees.
Try and aim for a scholarship so that your tuition fees would be covered! Not only that, some scholarships do give you allowance as well! If there is extra money left from your scholarship allowance after deducting all you expenses, then you can consider investing those!
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Get a part-time job, get a education bursary
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Yes, if you are worried, it means that you are along the right path of thinking for managing your finances!
It is important to invest the excess amount you have only after you have secured your basic needs, because you would not want to end up in a situation where you are struggling to survive and yet all your money is locked up in an investment or losses.
So first, set up an emergency fund, for 6 months - 1 year of spending. This should cover your MUST-HAVE expenses and not WANTs!!! This is what saving means. You spend only on the essentials and save as much money as possible.
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Before you invest, it is important to figure out your finances first and allocate a budget. Think ab...
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Hi, if you are thinking about this right now, it means you are not ready to invest.
You did not set aside enough funds for your daily usage and emergency fund. (Thus you are afraid of having not enough money in future)
Which also means you have limited capital. I've always shared the following example with my friends that are rushing into investing because of FOMO.
I would suggest you to look for alternative sources (side hussle) for more income and build up your savings and capital for investments in future.
All the best!