There’s money in hand, but also more responsibilities. Receiving the first pay cheque is a defining moment, a mark of independence, a sense of self-made-well-earned-pride. When you have no pressing need spend it is only sensible to save some & invest the rest. Let the money grow. Investing with the intent to reap benefits is a skill and an art. This requires careful and dedicated study and planning. So, until you are ready, it is safe to deposit in your bank’s savings / term account. It will still earn some interest, while being parked for later use.
19 Sep 2014