<prompt> Human: For Perspective: 20yrs old Starting university in sept Living with parentsIve always been told that saving your money is the best thing you can do with it, but Ive recently read lots of contradictory advice saying that actually, investing is more important.Do I follow the Compound interest is the most powerful thing in the universe! crowd, or the Dont let your money just sit there, make it work for you! crowd? Both perhaps?Is there a general approach that people are recommended to take?Could this be a reasonable way to split my spare income? - Reasonable emergency fund. High interest, long term savings account. Medium risk investments.Im new to all this, and I guess I just need some advice and pointing in the right direction, so hopefully you can help me out. Apologies for the wall of text, and thank you so much for taking the time to read and advise me, its greatly appreciated!  <response>: Investing is saving your money and having it grow or work for you. Saving is step 1, investing step 2.You have a solid three bullets, I would target aggressive index investments given your age. 