Students should save so that they are in the habit later in the workplace.
Giving to the Lord first, then paying themselves should become a way of life even before graduating high school. Learning to delay gratification for a future need is crucial.
In an August article at CheatSheet.com, Eric McWhinnie stated that spending less than you earn and investing the difference is the key to financial independence. I agree! Yet, most people fail to realize the benefit of starting early. In fact, only 27% of respondents in a survey at MoneyRates.com started saving in their 20s. The benefits are undeniable when observing the effects of compounding interest over several decades.