Everytime someone asks people in their 40's and 50's what they wish they did differently when they were young, they say 'Save money." and they mean it in a very literal, put aside money into bank account type of way, not just couponing, deals etc. The problem is, I'm 21! I have a few thousand dollars of (Still deferred) loans, I'm going to be adding to that for the next two years at least, and I'm working on paying off my first credit card! ($500 max, maxed it in 2 months, almost done paying it back) With all of the complications in modern financial law, I don't see an incentive to have cash in an account somewhere because when I graduate or my loans come out of deferment, it could be counted as an asset and used against me! I understand how compound interest works, and that, If I had a way to make a live able (meager) income, i could save x dollars per year and have a million at 65, but as a college student it just doesn't make sense!
tl;dr how are college students supposed to save for their future when we're already deep in the hole?