Savings & Investment: A popular way to gain financial security is by saving money and investing it. It’s not an easy task for a college student, but starting small and just getting the concept is important. Most literature says pay yourself first. This means via the budgeting process, determine how much you can place into a special account first; then pay your bills. Setting goals about saving can be a great motivator. Different accounts offer different interest rates for accrual on your savings. This is probably the most basic investment and comes at no risk because you can’t lose it. Some consider more aggressive investments like CDs, stocks, and bonds. Your local bank or any banking institution will discuss these in detail with you.