i will cash it out then this is how am i going to spend it 5% for shopping, 10% for my vacation 20% for my school tuition fee, 30% for reinvestment or investment and the rest will go to my food supply

Wow, let's see. You're going to spend 35% to your food supply. That's 3.5
BTC and assuming that you received the bitcoins now and cashed it out, it's roughly $2,000. That's quite a lot of money for foods!
Well, I wouldn't say that it's a waste though. Food is the sole reason, we are working hard , nothing wrong in spending for it.