INVEST IN YOURSELF

It might sound crazy to suggest that you can save money during college, but you know what? You can.

Even if you only save a small amount, it can add up, providing you with a nest egg for the future. It's also a great habit to encourage.

Money put into a savings account earns interest. Money invested in mutual funds can pay dividends (but remember, mutual funds are groups of stocks and therefore a riskier investment). Either way, the real power of money is that it can grow over time—if you start saving. The more time you have to save, the more money you'll end up with.

Remember your expense worksheet? Add $25 (or more, if you can afford it) a month under your expense column for savings. That way you'll pay yourself first, before you start spending on extras!

Learn how you can double your money on the next page.