I am 23 year old with $4,000 in a couple of accounts. One is just a checking account and the other is a credit union. The credit union has been very beneficial to me as I have a direct deposit from a part time job that goes directly into it and the branches are a decent drive away from my house. I am in school at a community college and will receive an associates degree at the end of 2017. I currently live with my mom and things are fine around the house so moving out isn't a priority although there is a house that may go up for rent near home which would be $300 a month.

My part time job brings in about $200 dollars a week but a side business brings in an average of $300. My car insurance is $400 dollars a month (20 year old me got into a lot of trouble). Come November all of my traffic violation will be at least 3 years old so my insurance should drop drastically in January. My car is payed off and school is payed for through 2017. Sometimes when I see posts in this subreddit made by younger people in my situation there are suggestions to invest in oneself. Buy decent cloths, gym membership, hobbies. I think I pretty much have those down.

So what should I do? Just sit on it in case of a rainy day? I feel like its just being wasted sitting there though. Maybe put 500 into an ira and add 50 bucks to it monthly? Mutual fund? Buy some drugs and flip em (tried it and trouble followed)?