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Should I invest the $300 I saved up now or save more to reach $10k for college?

K
Apr 19, 2025 · 05:48

I’m 16 years old and currently in high school and I plan to go to college after I graduate (which is next yea) right now, I’ve saved up about $300, and I’m debating whether I should invest it right now or focus on saving more to reach around $10k by the time I graduate.

a few things to consider:

1. I’m a bit behind in my classes because I haven’t had a strong routine, but I’m working on putting in more effort since college is really important to me.
2. Inflation worries me; I know that just saving money means it might lose value over time, but investing also has risks, especially if I need the money soon for college expenses.

should I try to grow the $300 now through investing, or is it smarter to focus on saving more steadily and not risk losing anything before I actually need the money?