Need financial advice as a teenager

[joshuahuebner]

I am kinda clueless what to do with my money. 
I still live with my parents at the age of 19 so I don't have to pay any rent or food.

I earn 1700€/month from a fulltime job. What should I spend my money on? 

I spent 200€/month on life coaching and probably 100€ on extra stuff like books and entertainment. I also donate some money every month.

I'm still left with 1400€/month. What the fuck to do with that? Just save? 

[Average Investor]

I would personally be pretty aggressive with it if it were me. 

I would invest about 500 of that into my own development. Books, seminars, etc. If the food in your house sucks get some healthy foods etc. 

If you started investing into a retirement fund at that age with like 500 of that, it would be super powerful. Even 250 of that would put you really far. There is probably some limits on how much you can contribute. Don't get sucked into a bunch of speculative investments though. You need to find accounts that have tax advantages. This would immensely help you in your retirement years. Even if you just managed to do this for a year or two, then stopped. 

I would take the last 400 and just keep saving it until I had a goal of what I wanted. One year of that and you would have some good coin to start business with or something like that. 

Of course if you want to do something like start your own business and have  a vision of that, then I would start there. Most of the big returns will come from investing into yourself. 

[Vision]

@joshuahuebner

If you don't mind me asking, what's your job?

[mandyjw]

I would save for a down payment so that you can buy rather than rent when you do move out. I would also look into a Roth IRA. 

[Elton]

Classify your money into expenditure and income.

Have a budget.

Make your money work for you.

Invest in yourself.