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I noticed you were 16 so my assumption was that you're not going to know much aside from what you hear from the other kids in school, which if they're anything like the kids i went to school with then they talk like they know something but don't know anything.
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Word of advice, dont listen to your peers. They act like they know, but they dont know...
Dont think about things in a way that "if you cant find it, it cant exist", meaning, if you cant find something you want, make it/have it made.
Also as for buying clothes and going out, I dunno man.. I spent 6k on my corolla (and thats low estimate), I learned ALOT, alot more than I would of hitting the bottle or the bar. Besides you wont get pussy from a night club, so why bother even going there
Or if you do chances are you're gonna get teh disease from some hoe who sleeps with a different guy every weekend.
On the long run, spending that money on my car is something I dont regret.