<prompt> Human: So lately my school has decided to bring in financial advisers to speak to the school as a whole. I already knew quite a lot from frequenting this sub, but one thing they kept hammering in was to start a retirement fund.Do I need to do this at 16? Should I just start with savings? I dont have a consistent income baby sitting. My parents purchased my car, and have stated that they are willing to pay for college within reason. So I am not about to incur a large amount of debt. Where should I start?  <response>: As someone who is not much older all i can say on this subject is that start early but still spend money and have fun. People on here tend to think that those under 20still at Unicollage shouldnt bother and should spend there money on fun activities. Which isnt wrong per-say however it annoys me that people who come on here are looking for advice on how to get ahead of the game and are turned away due to being too young. Im from the UK so dont know a awful lot about the situation with 401ksfunds at your age.However plan ahead:Do a trial run for weekly expenditures like you would need at Uni to get a base line of costs. Another thing i would recommend is putting away some of your income i.e XX however much you pick but try to save more now as you will need it later and attempting to stick to this, as you are likely to need some at uni so put it in a regular bank for the short termit will be crappy interest rates but allows you to withdraw it.Unfortunately it will probably be a too smaller amount to invest the returns will be 10 or so per year.Good luck, and try to remember to pay yourself each paycheck. 